Coach Incorporated Security Analysis Paper Essay Example for Free

Coach Incorporated Security Analysis Paper Essay Abstract Coach Incorporated is a company established in 1941in Manhattan. Coach is in the fashion industry and this accessories manufacturer is one of the best known brands in North America. Coach was bought out by the Sara Lee Corporation in 1985 and started being publicly traded in 2000 on the New York Stock Exchange. Coach Incorporated prides it selves off of being one of the most dependable, unique, desirable, and fashionable brands in their industry. Coach has a disadvantage with its competition, being the only one publicly traded. It does not have access to the others financial records. Coach Incorporated likes to stick to tradition, whether it is in their designs or their Executive officers. Coach has a very diverse and experienced Executive team. Coach also just started a litigation campaign in 2009 called â€Å"Operation turnlock† to try and help with the counterfeit problem. They were recently award a large sum of money from one of the lawsuits the campaign filled for online counterfeit merchandise. Coach recently just gave $2 million to the Hurricane Sandy Relief Fund to help rebuild the community where Coach got its own start. Coach’s financial records are in order and are continuing to grow steadily even through the rough economy. Coach Incorporated (Coach) is a company that designs and manufactures leather goods as well as other accessories. It was founded in a Manhattan loft in 1941 as a family-run workshop. This family used skill passed down from each generation to create a unique style that became quite desirable to consumers. (Coach est. 1941, 2010) In 1985 Coach was purchased by Sara Lee Corporation. Also, in 2000, Coach as Incorporated in the state of Maryland and listed on the New York Stock Exchange for approximately 68 million shares. Their mission statement is â€Å"Coach seeks to be the leading brand of quality lifestyle accessories offering classic, modern American styling.† In today’s world, Coach is large company that still retains high standards and craftsmanship for their leather goods. They manufacture items such as purses, suit cases, wallets, watches, accessories, shoes, jewelry, sunglasses and etc. Some of these items are manufactured through their licensing partners. Such as Estee Lauder Companies Incorporated is Coach’s fragrance licensing partner. (Reuters: Profile, coach, 2012) The Coach brand has ‘established a signature style and distinctive identity’ (Coach Est. 1941, 2010) that almost everyone can recognize, which is why their prices reflect more of the name than the quality of the items. Coach is in the fashion industry and enough people are willing to pay for the name brand of Coach to keep them in business and to keep the prices high. The market the Coach is in is the fashion market, and their customers are middle to upper class men and women. Because their prices are high the market for their items has to be to a household that has extra money to spend and even though they sell mostly women related items they do sell men’s’ as well. Their competition includes Louis Vuitton, Fendi, Gucci Incorperated, Dooney and Bourke Incorporated, Katie Spade LLC, and Michael Kors Incorporated which are all privately owned companies. (Yahoo finance, 2012) Coach operates in two different ways, direct to customers and indirect. Indirect is where Coach sells their products to other retail stores and direct to customers is selling out of their own stores. Coach has over 500 stores in the United States and Canada as of June 30, 2012. They also have over 300 locations in Japan, China, Singapore and Taiwan. They have recently acquired new locations in Malaysia and South Korea in July and August. (Coach est. 1941, 2010) Coach not only has their own retail stores, but also sells their merchandise through department stores and specialty retailer locations. With these locations, Coach is also present in Europe, Asia, and Latin America. As of 1999 Coach launched their first on-line store available to customers in the United States, Canada, and Japan. They also have informational websites in twenty other countries. In the future, Coach plans to increase international distribution and target international consumers, especially in Asia. They also plan on staying one of the most popular name brand accessory companies in North America. (Coach est. 1941, 2010) Coach also has very high standards for their brand. Coach states that â€Å"The Coach brand represents a unique synthesis of magic and logic that stands for quality, authenticity, value and a truly aspirational, distinctive American style.† (Coach est. 1941, 2010) They hold accountability to their customers. They also guarantee great service and that their customers’ needs are always met. Coach seeks long term relationships with all their costumers by treating them this way. This is one reason Coach is still around and doing well as a company even with their high prices. They are dedicated to their honesty, trust, satisfaction, and fairness to their consumers, business, and community. They strive to increase consumer and shareholder value. (Coach est. 1941, 2010) They have a small number of executive officers with only seven. First on the list is Lew Frankfort the Chairman and Chief Executive Officer. Mr. Frankfort joined the Coach company is 1979 as Vice President of New Business Development. Mr. Frankfort has appointed President of Coach in 1985 and named Chairman and CEO in 1995. When Mr. Frankfort started at Coach, Coach’s sales were about $6 million. Today Coach’s sales are $4.8 billion. He has seen many changes with this company, such as seeing it go to a publicly traded company on the New York Stock Exchange in 2000. Before joining Coach, Mr. Frankfort held positions in the public sector in New York City. He holds a Bachelor of Arts degree from Hunter College, and a MBA in Marketing from Columbia University. He also holds a spot on the Board of Overseers of Columbia’s Business School. Mr. Frankfort was recognized by Barron’s from 2005-2008 as one of 30 â€Å"Most Respected CEO’s† globally. (Coach est. 1941, 2010) Having someone that has been in the same company for 33 years now running it, says wonders about Coach. Coach is a brand that sticks to what it knows and does not change something that is working for them. Just like their products, Coach’s president is what they seek in their mission of keeping everything classic. Next, is Reed Krakoff, the President, Executive Creative Director of Coach and has been employed at Coach since December 1996. He was initially hired as the Vice President and Executive Creative Director, but advanced to his current position just two and a half years later. Mr. Krakoff has a degree in Fashion Design from Parsons School of Design. Prior to Coach, Mr. Krakoff held various positions at Anne Klein, Ralph Lauren and other design houses. In 2007 Mr. Krakoff was elected vice president of the Council of Fashion Designers of America, and in 2001and 2004 he was awarded the honor of Accessories Designer of the Year. To this day Mr. Krakoff styles and photographs the campaigns for Coach. (Coach est. 1941, 2010) Having a man like Reed Krakoff on the Coach team ensures that they will have some of the most elegant designs in the industry today. His ability to create pieces that Coach would gladly put their name on ensures him a long career at Coach. Following is Jerry Stritzke, the President and Chief Operating Officer as of March 2008. Prior to Coach he joined Best, Sharp, Sheridan, Shritzke in 1985 as a partner. In 1992 he practiced law at Stritzke Law Office. From 1993 to 1999 Mr. Stritzke was a consultant for Webb and Shirley. Lastly, Mr. Stritzke held several senior executive positions within limited Brand Incorporation, from 1999 to 2007. Jerry Stritzke has a Bachelors of Science from Oklahoma State University and a Juris Doctor from the University of Oklahoma. (Coach est. 1941, 2010) Next is Michael Tucci the President, Retail Division in North America. Mr. Tucci joined Coach in 2003 with over twenty years of experience. Before Coach, he was the Executive Vice President of Gap Incorporated and held various senior leadership positions from 1994-2002. Michael Tucci also held executive positions at R.H. Mary Corporations from 1982-1992. Mr. Tucci has a Bachelors of Arts in English from Trinity College. (Coach est. 1941, 2010) Next, is Todd Kahn the Executive Vice President, General Counsel and Secretary since he joined Coach in 2008. Prior to joining Coach Todd Kahn held multiple positions for Calypso Christian Celle, Sean John, Accessory Network, InternetCash Corporation, Salant Corporation, Fried, Frank, Harris, Shriver, and Jacobson. Mr. Todd has a Bachelors of Science from Touro College and a Juris Doctor from Boston University Law School. He also serves on the board of Directors of the Fashion Institute of Technology Educational Foundation the Fashion Delivers \Charitable Foundation Incorporated, and the National Father’s Day Committee. (Coach est. 1941, 2010) Next is Sarah Dunn the Executive Vice President, Human Recourses since 2008. Previously Ms. Dunn held several executive positions with Thomson Financial, including Executive Vice President, Human Resources and Organizational Development. Ms. Dunn is also a consulting Advisory Board member of Youth, I.N.C. She also has a Bachelors of Science Degree in Human Sciences from University College, London, U.K. and a Masters Degree in Information Science from City University, London. (Coach est. 1941, 2010) Lastly, we have Jane Nielsen the executive Vice President and Chief Financial Officer since 2011. Jane Nielsen joined Coach after working at PepsiCo, Incorporated and the Global Nutrition Group as their Senior Vice President and Chief Financial Officer since 2009. Prior to this Ms. Nielsen held senior positions in a financial role with PepsiCo, Incorporated, and Pepsi Bottling Group from 1996-2009. From 1990-1996 Ms. Nielsen worked for Marakon Associates and from 1986-1990 she worked at Credit Suisse First Boston. Ms. Nielsen has a BA in Economics from Smith College and an M.B.A. from Harvard Business School. (Coach est. 1941, 2010) Coach has recently been awarded $257 million in a lawsuit against counterfeit Coach merchandise. Coach obtained a default judgment in Illinois Federal Court against individuals and businesses that operate websites selling counterfeit Coach merchandise. The judgment granted Coach 573 internet domain names from which the counterfeit merchandise was sold from. Coach started a litigation campaign called â€Å"Operation Turnlock† in May 2009. Since then, Coach has filed lawsuits to stop counterfeit items from being sold. From these lawsuits, Coach has gain a significant amount of monetary value from them. (Chaudhuri , 2012) Coach also just donated $2 million to the Hurricane Sandy relief efforts. The gift was made to the Red Cross Disaster Relief Fund for rebuilding efforts in the Tri-State area. Coach as also made its employee matching program available, so however much its employees contribute to the American Red Cross Disaster Relief Fund or to other qualified funds, Coach will match the donation Lew Frankfort made a public address saying â€Å"Our hearts go out to the countless number of people affected by the storm.† Since Coach was established in Manhattan, they feel they need to help rebuild their community where they started. (Coach est. 1941, 2010) In 2011 Coach’s Inventory broke down to 63% handbags, 27% accessories, and 10% all other products. This is just a little change from the previous year, where the only difference is 1% moved from accessories to all other products. Currently Coach pays quarterly cash dividends of $0.225 per share. Coach’s cash flow statement shows Net Income for 2011 to be $880,800,000 and the net cash flows provided by operating activities in 2011to be $1,033,271,000. Also, the cash flow statement shows the net cash used in investing activities to be -$59,631,000 and the net cash used in financing activities to be -$875,126,000 in 2011. For the Cash and cash equivalents at end of year 2011 were $699,782,000 with the cash paid for income taxes for 2011 to be $364,493,000 and cash paid for interest for 2011 to be $1,233,000. Lastly, the cash flow statement has for 2011 is the noncash investing activity-property and equipment obligations to be $23,173,000 and $0 for the noncash financing ac tivity-mortgage debt assumed.(http://www.annualreports.com/company/2246 , 2011) Coach just reported its first quarter earnings per share in 2012 to be $0.77. Compared to the previous year, same quarter, the earnings per shares was $0.73. Their sales reported for 2012 first quarter, which ended September 29, 2012, was $1.16 billion. Compared to the previous year where Coach’s sales for the same quarter was only $1.05 billion. This is an 11% increase in sales in just one year. Coach also announced that its Board of Directors has just authorized the repurchase of up to $1.5 billion of its outstanding common stock by June 30,2015. This will make Coach’s earnings per share increase since there will be less outstanding stock. Since we now know the earning per share for Coach we can calculate the price earnings ratio. Coach’s current stock price $57.87. So, Coach’s price earnings ratio is 75.156. (Coach est. 1941, 2010) Stockholder’s equity is total assets minus total liabilities. For Coach, in 2011 the total assets are $2,635,116,000 and the total liabilities are $1,022,547,000. So, the total stockholder’s equity for the year ended July 2, 2011 is $1,612,569,000. For the total liabilities of Coach being $1,022,547,000 only $593,017,000 are current liabilities. Of the current liabilities $118,612,000 is accounts payable, $473,610,000 is accrued liabilities, and $795,000 is current portion of the long term debt. As for the rest of the liabilities $23,360,000 is long term debt and $406,170,000 is other liabilities. (Coach est. 1941, 2010) These numbers first mean that Coach is a continuously growing company that would be labeled at a value company. Which means it doesn’t grow fast, but instead it grows consistently. Also, since its assets and equities make up the majority of Coach’s finances the company appears to be in good standings. Coach is a company that has been around for over 70 years and has been traded publicly for 12 years now, and it seems to have all its finances in order and look like what you would expect for a high-end retail company. There is a bright future for Coach with its experienced executives leading the company to expand its market and try to bet out the competition. The volatility of Coach stock price is reasonable. Obviously people are willing to pay for Coach products even through hard times. Coach’s stock price continues to go up and from past records it has always steadily increased. Coach has a rich history and has been around for a long time so I do not see it crashing anytime in the near future, so I would say the stock price is valid and a good steady long term investment. References Coach est. 1941. (2010, February 3). Retrieved from http://www.coach.com/online/handbags/Home-10551-10051-en?isCollapse=true Reuters: Profile, coach inc.. (2012). Retrieved from http://www.reuters.com/finance/stocks/companyProfile?symbol=COH Yahoo finance. (2012). Retrieved from http://finance.yahoo.com/q/co?s=COH Competitors Chaudhuri , S. (2012, November 02). Coach gets $257 million, 573 domain names in counterfeiting lawsuits. Dow Jones Newswires. Retrieved from http://www.foxbusiness.com/news/2012/11/02/coach-gets-257-million-573-domain-names-in-counterfeiting-lawsuit/ http://www.annualreports.com/company/2246. (2011).

Environmental Impact of Fossil Fuels Essay -- Environment Pollution Es

Environmental Impact of Fossil Fuels Fossil fuels cause pollution, smog, and the greenhouse effect. Fossil fuels really do negatively impact our environment, especially when it comes to global warming, Although there is controversy over whether or not fossil fuels are causing the planet to warm, or whether it is warming naturally, there is significant research that supports the former hypothesis. When fossil fuels are burned, they emit different levels of carbon dioxide. The burning of fossil fuels has increased the amount of carbon dioxide in the atmosphere by a staggering twenty- five percent. It has also been implied that fossil fuels are associated with increased levels of nitrous oxide and methane, although they are not the main sources of these gasses. Carbon dioxide is a gas that traps heat in our atmosphere, and helps keep the planet at livable temperature. However, climatologists are now predicting that if the levels of carbon dioxide continue to increase, the temperature will rise and a number of different impacts can or will occur (Union). Among the many possible impacts of global warming, are more extreme weather events, rising sea levels, and the melting of glaciers. However, while researching, I stumbled upon a site that showed possible impacts, and where they would be most likely to occur. The key to the map had two different categories, â€Å"Harbingers†, and â€Å"Fingerprints†. Harbingers are â€Å"events that fores...

The Boarding House

The Boarding House is included in Dubliners, a collection of fifteen short stories by the Irish poet and novelist James Joyce, which was first published in 1914. This story of a boarding house, like the other stories in Dubliners, describes the lives of ordinary citizens of Dublin and illustrates their various qualities. There are three main characters – Mrs. Mooney, her daughter Polly and Mr. Doran. At the very beginning the author describes Mrs. Mooney, who relinquished a family traditional business – the butchery, and set up a boarding house in Hardwicke Street. There is no reference to many of her outward appearances, the author probably thinks it is not important and he leaves the picture of Mrs. Mooney to the reader's imagination. However, he is very accurate in the description of her life and personality. He treats her as a courageous, strong, self-confident and imposing woman who dismissed her aggressive and worthless husband (she got a separation from him with care of the children). All the resident young men spoke of her as The Madam. In the present emancipated world, where women are practically independent, equal to men, having their own businesses, it would be nothing unusual for a woman like that. However, the character of Mrs. Mooney was likely quite anomalous at the beginning of the twentieth century, when the story was published. It was men who greatly dominated, earned money, led businesses, while women took care of household and brought up children. Besides, divorces used to be followed just exceptionally. Despite of this, Mrs. Mooney is not faultless. She can be cunning and intriguing and she has much trouble with her two incorrigible offsprings, who are described in detail in the following paragraphs. Jack Mooney, the Madam's son, who was clerk to a commission agent in Fleet Street, had the reputation of being a hard case. He was fond of using soldiers' obscenities; usually he came home in the small hours. Mrs. Mooney's other child is her daughter, Polly. Polly was a slim girl of nineteen; she had light soft hair and a small full mouth. Her eyes, which were grey with a shade of green through them, had a habit of glancing upwards when she spoke with anyone, which made her look ike a little perverse madonna. Mrs. Mooney had first sent her daughter to be a typist in a corn-factor's office but, as a disreputable sheriff's man used to come every other day to the office, asking to be allowed to say a word to his daughter, she had taken her daughter home again and set her to do housework. It is apparent that Mrs. Mooney kept her daughter from meeting men. Unfortunately, she was not very successful, because Polly flirted with young men lodged in the boarding house. In her mother's opinion these romances were just waste of time, none of them meant business or benefits. Still one day she found that something was going on between Polly and one of the young men. She started spying on them quietly, pretending not to know anything. People in the house learnt of the affair too, so it could be a scandal. However, Mrs. Mooney still did not intervene. The story progressed on a bright Sunday morning in early summer. First of all, Mrs. Mooney interviewed Polly. Things were as she had suspected: she had been frank in her questions and Polly had been frank in her answers. Mrs. Mooney did not ask any more pointless questions. She had a great plan, according to religious rules: for every sin there must be made reparation. For her only one reparation could make up for the loss of her daughter's honour: marriage. If he married her daughter, Polly's future would be secured. She had a plenty of cogent arguments and she was sure that she would succeed that day. She knew quite a lot about Mr. Doran and his job: he had been working for thirteen years in a great Catholic wine-merchant's office and publicity of that affair would bring him the loss of his job. Then Polly visited Mr. Doran in his room, crying desperately. They retrospected the past, how they first met, how Polly cared for him, heated him food, how they used to spend the nights together. But Mr. Doran disregarded his relation to Polly. She was just a kind of entertainment for him. He disliked her thoughtless behaviour, her origin and the way of her speech. He was afraid what his family and his friends would think of her. The hysterical and intriguing Polly started to cry even more and threatened with committing suicide in case Mr. Doran left her. She was interrupted by a servant, Mary. She said that Mrs. Mooney would like to talk to Mr. Doran downstairs. He put on suitable clothes, let Mary cry on the bed and went to the Madam. On his way he met Jack Mooney and recollected the day when the violent Jack bawled at one London artiste threatening any fellow who would try that sort of a game on with his sister to put his teeth bloody well down his throat. Then we do not know what happened, there is no reference to Mrs. Mooney and Mr. Doran conversation. The following paragraphs describe just Polly's cry. And the last paragraphs of the story are quite clear: At last she heard her mother calling. She started to her feet and ran to the banisters. Polly! Polly! † â€Å"Yes, mamma? † â€Å"Come down, dear. Mr. Doran wants to speak to you. † Obviously, the scene must have continued, but nothing else is added, so the story is open-ended. The reader is probably supposed to believe that Mrs. Mooney's succeeded and forced Mr. Doran to marry Polly. Of course, there would be more options with a little imagination. Mr. Doran might have refused her suggestion, made a scene and left the boarding house. Even though, considering the conservative times and the country, Mrs. Mooney ultimately succeeded and Mr. Doran put up with marrying her daughter.

Is Anxiety A Problem - 1988 Words

Imagine you were driving along the country side, everything was going fine until all of a sudden you felt like you were trapped to your seat and though you were desperately trying to flee, you find yourself helplessly frozen. You start to panic and all of a sudden your heart begins to start racing, your chest feels like it’s about to collapse, you can’t catch your breath, and you start to feel lightheaded. You feel you might die right there on the spot. However, this is a just figment of your imagination. Imagine if you felt like this, what would your experience be? Would you feel bewildered? Embarrassed? Wonder if you’re going crazy? This is an example of what going through an anxiety attack can be like for many people. Anxiety is†¦show more content†¦The New York Times did an article over generalized anxiety disorder and said that anxiety disorders are determined by the severity, as well as the duration of an individual’s symptoms and their specific behavioral traits. Those who suffer from GAD experience many different types of symptoms ranging from both mental to physical. Some symptoms one may experience could include difficulty sleeping, fatigue, muscle tension, gastrointestinal problems like IBS (irritable bowel syndrome), and difficulty concentrating. To be diagnosed with GAD, a patient would have to be experiencing the excessive worry for no less than 6 months consecutively. A few other categories of anxiety disorders include; panic disorder, phobias, obsessive-compulsive, post-traumatic stress disorder, and separation anxiety disorder (Vann, 2016). According to Tracy (2008), It wasn’t until 1980 when the American Psychiatric Association recognized anxiety disorders (History of Anxiety Disorders). As reported by the Anxiety and Depression Association of America (ADAA) nearly 40 million, or 18%, of adults living in the United States age 18 and older are suffering from anxiety disorder. With about 5% of those Americans being effected by generalized anxiety disorder alone. Women tend to be the ones who

Essay about The Banning of Smoking in Public Facilities

The Banning of Smoking in Public Facilities Thesis: Smoking in most public facilities should be banned. I. Smoking is very unhealthy for you. A. Smoking is the number one preventable cause of death in America. B. About 3 million people die each year from diseases that result from using tobacco products. C. Tobacco contains over 4,000 chemicals most are poisons. II. Not only is it unhealthy to you it is extremely unhealthy to others. A. 53,000 non-smoking Americans die annually from inhaling other people?s smoke. B. There are many diseases you can get from second hand smoke. C. You get stains on clothes and you smell really bad when you have been around it for a long period of time. III.†¦show more content†¦One of the reasons smoking should be banned from public facilities is because I believe it will limit how much one person smokes. On Copper Towers website they state that 430,000 Americans die each year due to tobacco products while 3 million people around the world die. Tobacco contains over 4,000 chemicals, most of which are poisons. Not only is it unhealthy for you it is unhealthy to others. Secondhand smoking causes 53,000 deaths per year in the United States. In a survey I took at work 73% of current smokers said smoking should be restricted in restaurants while 94% of those who never smoked agreed. Do you ever feel like you are smoking, even though you are not a smoker yourself? I grew up in a family of smokers, and was constantly inhaling smoke from my parents cigarettes. Do I now have the increased risk of developing lung cancer because of them? And in the work place, in the lounges the air is filled with smoke, you inhale as you try to grab you a soda from the soda machine. Youre not the one smoking, but you are, in essence, because you are receiving all of the toxic effects of others smoke into your lungs and your body. And what about a restaurant, the smoking or nonsmoking section? That is a joke, because the smoking section is right next to the nonsmoking section. Second hand smoke inhalation causes increased risk of lung infections and lung diseases such as pneumonia, bronchitis, asthma, emphysema, cancer, as well as, earShow MoreRelatedSmoking in Public: Banned or Allowed885 Words   |  4 Pagesarea in public places a problem. If you are outside are in close area people are still exposed to the fumes of second hand smoke. Can the option of smoking be left up to the public rather or not an individual should smoke in public. Where does the line end in the rights of a person the right to inhale clean air, the right to excise your right to smoke in public? 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Now, in Pierce County, smoking is banned in all public places such as restaurants, bars, casinos, hotels and taverns. This has caused an up roar with the business owners losing customers and money because of this ban.Read MoreA wareness and Attitude on the Law Banning Smoking in Public Places in Osun State, Nigeria577 Words   |  3 PagesArticle Review The tittle: Awareness and Attitude on the Law Banning Smoking in Public Places in Osun State, Nigeria. Published in: Tobacco Induced Diseases, 2014, 12:6. The objective of this study was to assess people’s awareness and boldness towards law stopping smoking of tobacco in public facilities in Osun, Nigeria. Methodology: A cross-sectional study with sample size of 520. Ethical clearance was obtained from the â€Å"Osun State Hospital Ethics and Research Committee.† Informed consentRead MoreShould Smoking Be Effective?1350 Words   |  6 Pagesthe topic of smoking. Some argue that smoking has risen to the level of a public health crisis, and cite some very distributing statistics in order to support those claims. For example, the Centers for Disease Control (2015) estimates that 6 million Americans die each year from tobacco, and the direct medical costs associated with treating smokers tops 150 billion dollars annually. These facts have motivated many public policy makers to consider new ways to deter Americans from smoking, including heavilyRead MoreThe Debate of Banning Smoking in Public Places Essays718 Words   |  3 PagesThe Debate of Banning Smoking in Public Places â€Å"There is no difference between a smoker and a suicide, only that one takes longer to kill themselves than the other†. Everyone has their rights, and if you want to smoke or not should be your choice because you are doing the damage to your own body. But if it’s supposed to be your choice and every gets their own choice then when you smoke in public places or wherever anyone is around you, you are making that choiceRead MoreThe Negative Consequences Of Public Smoking1347 Words   |  6 PagesThe Negative Consequences of Public Smoking Smoking is known to be one of the most dangerous medicine and can come with some seriously negative to one’s lungs. Research studies have shown that second- hand smoking can be equally as bad. According to the 1964 Surgeon General’s Report, â€Å"2.5 million adults who were nonsmokers died because they breathed secondhand smoke† (Centers for Disease Control and Prevention). To those who own restaurants, oversee public places, and others in charge of entertainment

Black Deaf Community - 1051 Words

Abstract The Black Deaf Community seems silly to believe the existence of itself, but in reality based on surveys and observations, it seems rather smart. Going through the supplemental reading, I have noticed the Black Deaf community consists of strong and proud members of both, overcoming many issues thrown at them. This paper will discuss the issues and show how amazing the community really is. To be a part of two different cultures at the same time seems almost impossible. A wise man once said, â€Å"you cannot serve two masters, you either hate the one and love the other or he will be devoted to the one and despise the other†. Now those wise words weren’t talking about cultures and communities, but rather†¦show more content†¦A survey was conducted with sixty black deaf individuals from Washington DC asking a series of questions trying to understand their desire of the best of both worlds. The overall results were interesting enough to me as an outsider for various reasons. Eighty seven percent of the individuals questions identified with the Black culture first for a few reasons. The main reason is the visibility of the community. The skin color of someone is obvious the moment you see them. The individuals who identified with the Black first thought they needed to deal with discrimination and hate with the visible setback first, then move to the à ¢â‚¬Å"invisible handicap† that they carry around. Likewise, those who identified with the Deaf first, then the black would be those who are fully immersed in the Deaf community over the black community. This reason surprised me because these individuals are from Washington DC, where the Black community is very evident. Then again, I am not black nor deaf. Communication is a big issue in the deaf community alone, but surprisingly in the black deaf community as well. An experiment was done to conduct an analysis on communication patterns within the community and outside of it. The results are as follows: â€Å"Communication with any hearing person, the Deaf person would begin to Code-switch (switching from ASL to ASL like signing). If both Deaf, the 2 individuals use ASL. The book explains that when black deaf 1 and 2 together, there were differentShow MoreRelatedBlack Deaf Community601 Words   |  2 PagesPrevious researches on Deaf cultures were mostly on superficial issues such as the typical cultural differences between the deaf and the hearing communities, the history of Deaf education, the distinctions of the deaf from the Deaf, and the critical points in the fight against discrimination. 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Future HR Business Partner Model †Free Samples to Students

Question: Discuss about the Future HR Business Partner Model. Answer: Introduction: Human Resource Department is considered to be one of the most important aspects of the business organization. The work culture demands that the human resource department works hand in hand with the management so as to enable the various activities and to increase the productivity of the organization (Ulrich 1997). The given essay is aimed at highlighting the Human resource business model as developed by Dave Ulrich. Dave Ulrich had stated that Human Resource is an important aspect of the organization without which a business cannot function. The model developed to become the Ulrich Model which began to serve as a relevant benchmark for the HR Professionals today. The essay is divided into three critical parts. The first part of the essay throws light on the critical analysis of the literature available on the model followed by the evolution of the model over a span of 20 years (Purce 2014). The last part of the essay states how Human Resource Business Model tends to contribute toward s organization`s sustainable success. The four key roles or departments in which the HR Function of the organization can be divided into are the HR Business Partner, Change Agent, Administrative Expert and as an Employee Advocate. According to Renwick, Redman and Maguire (2013), the role as a Human Resource Business Partner is the primary function of a HR Department. The primary purpose of the department is to build long lasting and sustainable relationships with the internal clients of the business environment (Ulrich 1997). These clients can be described as the employees who have been working for the organization. Together with the firm, the Human Resource Department must help out the employees and motivate them to achieve the goals of the organization. The functions of HR as a Business Model range from various duties from handling their pay roll, to recruiting and selecting new employees in the organization. Goetsch and Davis (2014), state that the Human Resource Department is a strategic business partner of a large o rganization because it performs cross functional projects which aim to fulfill the goals of the organization and increase their productivity. According to Hameed, Ramzan and Zubair (2014), the second role of a HR Manager is to act as a Change Agent. As a change Agent, the human resources team has to take part in the change management which the organization witnesses. Change is a critical part of any organization and it is the duty of the HR Department to motivate and help the employees during the process of change. Hayes (2014),states that during the times of change, the organization conducts various training sessions for the existing employees in order to help them to adapt by the change which is important for the progress of the organization. Hence, as stating by Marchington et al. (2016), through this role, the HR Function of the organization makes the various changes easy for the employees and plays its role as a Change Agent for the organization. The third role that the Human Resource Organization has to play is that of An Administration Expert. According to Gatewood, Feild and Barrick (2015), this role of the Human Resource Department is transactional. It is very important for a Human Resource Department to be a trustworthy administrator who manages various aspects of the Employee relations and management in the firm. These aspects include work and safety rules, regulations, and legislations. Alfes et al. (2013), states that they are bound to maintain a database of all the employees and have to manage their well being in an organization. The fourth role according to the Model stated by Dave Ulrich is the role of the Human Resource Department as an advocate of the employees of an organization. According to Bratton and Gold (2017), the HR Department needs to protect the needs of the employees and ensure that the strategic initiatives of the organization are maintained. The department conducts meetings surveys in order to recognize the gap which exists in the organization and make changes in the same. The training and support sessions that are conducted by the Human Resource Department helps to improve the relative experience of the employees. Cascio (2018),States that that the Human Resource Department needs to carry out various grievance processes in order to ensure that the employees are satisfied in an organization. The given section highlights the evolution of the model over the years. The model stated by Dave Ulrich dates back to 1997 which was twenty years back. Since that time the various roles and functions of the organization with respect to its Human Resource Department has evolved greatly. The Business organizations today tend to depend greatly on the soft agendas which may be referred to as organizational capabilities and talent management. The main purpose of the HR Professionals is now concerned with providing the right job to the right skilled people. The recent competitive business environment has raged a talent war where all the companies want to hire the best talent in an organization. The HR Business model had stated that the Human Resource Department is concerned with making strategies of the organization for the development of the employees. However, according to Cascio (2018), just making strategies for the business organization is not the only relative factor now, the Human Resource Department will also be responsible for assisting the organization to carry out and implement these strategies. As the nature of businesses has been changing continuously, the business partner model tends to now focus on the issues that the general management tends to face. The requirements of a business model have thus, become more demanding than ever. According to Ulrich and Brockbank (2016), the Business partner model of human resources has changed completely as not all Human Resource Professionals will be able to perform the role of a business partner. This is because of the varied size of the organization; they will not be able to link the day to day work to the results which are required out of the business. Bratton and Gold (2017), state that the HR profession is now quickly evolving and aims to add more value through a refined strategic focus. However, based on the old model, the HR professionals are unable to live up to the expectations of the current environment. With reference to the Change Manager, research states that only the top 20% of the Human Resource Individuals are being able to live up to the new expectations and are becoming a part of the change management. Whereas, the lower 20% is not being able to get there. However the middle 60% can achieve their goals through little training. Hence, if all the Human resource employees are not being able to become a part of the change initiative they will not be able to become a business partner as they will not be able to practically connect their work to the results of the business. When this model was developed back in 1997, technology had just started changing our lives and hence, the model does not make adequate considerations about the technological aspect of the business environment. With the advent in technology, the Human Resource Professionals need to have adequate knowledge and skills about the use of technology and its application in business. Earlier, their focus lied on negotiating and managing the policy terms with respect to the employee transactions (Ulrich 1997). However, in today`s business environment the business partner model demands the HR Professionals to connect their daily work to the business but these skills are necessarily not present in the employees. Hence, the failure to possess these skills will diminish the role of the HR as a business partner. Therefore, as the business environment has evolved the given model has also evolved and now demands a variety of changes from the side of the Human Resource Department. From the analysis it could be stated that the given business model goes a long way in contributing towards the sustainable success of the business organization. The model is extremely useful as it clearly divides the work of the organization into four different aspects. This helps in easy functioning of the organization and is useful for the given reasons. It creates a culture of business success. The business model is successful in setting the business culture. It helps the employees to associate themselves with the business organization and helps them to build a positive aspect about the firm. The Business partner aspect helps the organization to achieve the right talent through successful recruitment and selection techniques. When the right candidates are selected for the organization then the organizational vision is upheld. The Business HR Model also helps a firm to evaluate the activities of the Human Resource Organization based on the company goals. As a strategic business partner, the department assists the firm in carrying out the various activities of the organization and helps in increasing the productivity. Another important contribution of the business model is to assist the firm in making the best decisions for the organization. As the human resource department makes the employee decisions and employees are considered to be the best aspect of the organization hence, the business model of Human Resource assists the organization to make the best use of their employees in achievement of business goals. References Alfes, K., Shantz, A.D., Truss, C. and Soane, E.C. ,2013. The link between perceived human resource management practices, engagement and employee behaviour: a moderated mediation model.The international journal of human resource management,24(2), pp.330-351. Routledge. Bratton, J. and Gold, J.,2017.Human resource management: theory and practice. Palgrave. Cascio, W. ,2018.Managing human resources. McGraw-Hill Education. Gatewood, R., Feild, H.S. and Barrick, M. ,2015.Human resource selection. Nelson Education. Goetsch, D.L. and Davis, S.B. ,2014.Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Hameed, A., Ramzan, M. and Zubair, H.M.K. ,2014. Impact of compensation on employee performance (empirical evidence from banking sector of Pakistan).International Journal of Business and Social Science,5(2). Hayes, J.,2014.The theory and practice of change management. Palgrave Macmillan. Marchington, M., Wilkinson, A., Donnelly, R. and Kynighou, A. ,2016.Human resource management at work. Kogan Page Publishers. Purce, J. ,2014. The impact of corporate strategy on human resource management.New Perspectives on Human Resource Management (Routledge Revivals),67. Renwick, D.W., Redman, T. and Maguire, S. ,2013. Green human resource management: A review and research agenda.International Journal of Management Reviews,15(1), pp.1-14. Ulrich, D. and Brockbank, W., 2016. HR Business Partner model: past and future perspectives: international waters-HR strategy.HR Future,2016(Dec 2016), pp.16-21. Ulrich, D., 1997. Measuring human resources: an overview of practice and a prescription for results.Human Resource Management,36(3), pp.303-320.