Risk Assessment. The business of Tesco Essay Example | Topics and Well Written Essays - 1750 words

Risk Assessment. The tune of Tesco - Essay display caseTesco has its retail stores spread over 14 countries all over the world and also holds the leading grocery store share in the retail lay outets of UK. The primary products of Tesco include the retail grocery items and other retails consumer products that are creation sold through its departmental stores, supermarkets and the retail chains. The economic liberalization policies adopted by the policy makers prevail resulted in the increase in the number of players in the retail grocery markets of UK and in other countries. In order to attain sustainability of business, Tesco has diversified its product portfolio with the activities of retailing of clothes, electronic items, music DVDs, books , financial services, etc (Tesco 1). Vulnerability to risks The business of Tesco which is spread in several countries all over the world is penetrable to several risks. A argument of risks to which the business of Tesco is vulnerable ha s been given in tabular form below. Sl. No. Risk 1 following Rate Risk 2 Foreign Currency Risk 3 Liquidity risk 4 Credit Risk 5 Insurance Risk The two major risks to which the business of Tesco is most vulnerable are the refer rate risk and the foreign currentness risk (Frank 174). Due to the increase in interest grade as an outcome of the monetary policy, the interest payout in the form of debt liabilities are believably to increase (Weston 24). This would result in increased cash outflows which reduce the net income of the group and also lesser repayment of debt and liabilities. This is risky for Tesco as they would continue to have higher proportions of debt with respect to the equity (Tesco 1). The foreign currency risk is the uncertainty that Tesco faces due to the fluctuation of currencies in the local markets. As a result of the depreciation of the local currency, the currency conversion evaluate between the local currency and Pound Sterling would be affected (Cowan 96 ). This poses the risk to Tesco as foreign currency fluctuation would result in reduction of taxation earnings of the group and the volume of profits repatriated to the home country would also decrease (Whaley 226). Probability The prospect of the two risks, namely the interest rate risk and the foreign currency risk have been explained as follows based on the information available from the annual reports of Tesco and the events that have occurred in the last financial year. The interest rate risk poses uncertainty to Tesco as the union is subject to fluctuation of interest rates by the central banks in several countries (Sullivan and Sheffrin 172). As per the information available from the annual reports of Tesco, it has been observed that the company had to post the cost of increase in the interest rates implemented by the central banks. As monetary policies and in order to control the inflation rates in the economy, the increase in the interest rates has been implemented by t he central banks in many countries where Tesco runs its operations (Brown 341). Thus the cost of debt incurred by the company has increased (Handlechner 36). The probability for the fluctuation of interest rates has been assumed to be 60% looking at the trend of impacts on the financial parameters of Tescos performance. It is highly probable that the foreign currency conversion rates are further going to fluctuate as the economies are in the mode of restructuring after the detail of the global financial crisis (Hennessy and Zechner 271). The uncertainty in the foreign currency conversion is likely to have a cascading effect on financial performance of Tesco. The cost of finance obtained by Tesco in the local mark

Leonardo da Vinci Research Paper Example | Topics and Well Written Essays - 1000 words

da Vinci da Vinci - Research Paper Exampledia Britannica. 2011). His unlimited desire for knowledge drove him beyond movie. Powered by his superb intellect, keen sense of observation, and mastery of the artwork of drawing, he studied nature a line of inquiry that allowed him to pursue dual art and knowledge (Capra 2007). Life of Leonardo da Vinci Leonardo da Vinci was born of the illegitimate relationship of a Florentine notary and landlord, Ser Piero, and a young peasant woman, Caterina (Bortolon 1967). That notwithstanding, Leonardo da Vinci, enjoyed the privileges of a legitimate son and grew up in his fathers estate and received the usual elementary education of those days reading, writing, and arithmetical (Bortolon 1967). He did not exhibit any particular aptitude for Latin, the key language of traditional learning, and high mathematic until later in his life. Due to his artistic inclination, which appeared early in life, he father apprenticed him to the storied artist An drea Del Verrocchio (Bortolon 1967). He received a multifaceted training that included painting and sculpture as well as the technical- machinelike arts in Andrea Del Verrocchios workshop. ... In 1482, Leonardo abandoned two painting projects, The Adoration of the Magi for the monastery of San Donato and an alter painting for the St Bernard Chapel, in Florence and moved to work for the duke of Milan, Duke Ludovico Sforza (Encyclop?dia Britannica. 2011). The prevailing strict academic atmosphere in Milan as well as the dukes brilliant court and the meaningful project whitethorn have enticed him to Milan. Indeed, the 17 years spent in Milan were fruitful. He was highly esteemed as a painter and a sculptor. He completed six works in Milan among which was the famous painting, The Last Supper. He also had an extensive workshop in Milan where he had several apprentices. In addition, he served as a technical adviser in the fields of architecture, fortifications, and military matters, and he served as a hydraulic and mechanical engineer (Capra 2007). Following the victorious entry of the French into Milan, Leonardo left the city probably celestial latitude 1499 or January 1500. He visited Mantua and Venice before returning to Florence. Upon arrival in Florence, he was accorded a reception be of a renowned son. Leonardo devoted his stay in Florence to intensive scientific study (Capra 2007). That notwithstanding, he was still involved in painting. It was during this period, 1503 1506, that he painted Mona Lisa (Vezzosi 1997). Upon the invitation of the French governor in Milan, Charles d Amboise, Leonardo returned to Milan in May 1506. During his second stay in Milan, he did little work as a painter rather, he worked as adviser in architectural matters. His scientific activities reached their zenith during this time. The expulsion of the French from Milan in 1513 led Leonardo

Customer Integration and Satisfaction Forum 5 TLMT 441 Assignment

Customer Integration and Satisfaction Forum 5 TLMT 441 - subsidization ExampleDuring the September 1 attack on the U.S, the terrorists hijacked a passenger mailman airplane displace worrying signals to customers regarding their safety. Customers reaction in relation to the safety concern is evident in all force back carriers within the U.S. In examining whether strategic interchange is essential for the long-term benefits of an organization, the study To change or not to change, takes a close examination on customers feelings regarding all motor carriers firms response after the September 11 incident (Atwater et al, 2011). The data gathered indicates a huge hoo-hah and downturns following the terrorist attack. For example, the normal operations in the motor carriers firms declined by more than half. Although, some carriers changed their strategies after the attacks, exercise was still not impressing. All the carriers performed awful following the attacks as customers grew fear irrespective of any certification measures the firms included (Atwater et al, 2011). As a matter of fact, a declined performance was achieved by firs that opted change their strategies as distant to those that stuck with earlier strategies.In conclusion, adopting strategic measures after a strategic surprise is not a warrantee of developing customer bliss (Kotler, 2010). As evidenced through the change of strategy by the carrier firms that changed their strategy following the September 11 terrorist attacks. Other than adopting strategic changes, the study finds out that customer satisfaction and integration is a continuous

Compare and contrast the depiction of Muslim men to that of Muslim Essay

Comp ar and contrast the depiction of Islamic hands to that of Muslim women in orientalist discourses - Essay Exampleim scholars try to disprove the oppressed and inferior position of Muslim women and state that such opinion was necessary for West to keep the opinion about the East as about the backward part of the world.The orientalism in the broadest sense is the description of the East and Islam from a certain repoint of view, which carries a fair shargon of subjectivity and not always reflects the true state of affairs, but a good deal distorts the reality. The orientalism considers Islam and everything connected with it a culture, a civilization, a geographical area as something that contradicts with rational human principles of the West. Whether they are televised or printed, it is not surprising that Western media reports maintain a constant distorted image of Arabs and Muslims. fabricated stereotypes of Islam are omnipresent in Western media through all means of communi cation. What is lamentably odd is that Arabs and Muslims are seen as one and unique entity with the aim to be arbitrarily regarded collectively as anti-rational, barbaric, anti-democratic, etc. To grasp this aim the western media deliberately distort many Islamic concepts (Ridouani, 2011).If to look at a incredulity with the eyes of orientalists, the following picture appears Muslim women didnt make any contribution to history, they either were sold on the markets or were kept in harems as sexual objects. Stories about Muslim women living in non-Western countries were often stories about political violence where they were represented as victims of violence and Islamic practices. Representations of Muslim women were also mark by a continual obsession with the veil. Muslim women were often portrayed as victims in accept of Western liberation (Mishra, 2007). Men on the contrary are depicted as tyrants and oppressors, who are spite women, and if to look at the issue from the point of view of the West, the East, especially Islamic world, was a huge harem. ertainly, there are certain reasons

Poverty in America Essay Example | Topics and Well Written Essays - 500 words

Poverty in America - Essay Example15). In this regard, the current shift analysis aims present an evaluation of the current situation through a stakeholder analysis using respectable theories. From case facts, it was revealed that poverty affects different segments of society children, minority groups (particularly African Americans and Hispanics), women, widows, the homeless, and other groups who could have lost their jobs, became ill, or met some unfortunate and fortuitous events. Thus, the factors that were deemed contributory to poverty intromit job loss, misfortune, illness, lack of income despite running(a) full-time, insufficient government support, ineffective public assistance programs, break-up of marriage, the need to support children alone, and even laziness or indolence.Children were place as being significantly affected by poverty. Case facts revealed that the cause of poverty in children include poor nutrition, reported exposure to environmental toxins, as well a s the presence of stress hormones that negatively impact of childrens growth. Accordingly, children are the poorest age group in the nation. In 2012, children were 60 percent much likely to be poor than adults ages 18-64, and nearly two-and-a-half times more likely to be poor than seniors (Childrens exculpation Fund, 2014, p. 22). Thus, children who remain in povertyhave been noted to sustain negative impacts including inability to finish education, aid of health benefits, and be preponderant to exposure to criminal activities. Concurrently, another stakeholder to poverty are women, especially those who got divorced, were leave by their spouses, got widowed, or who need to support their children on their own. As such, women were noted to apply for more welfare and financial support. Likewise, other factors which were noted to be contributory to poverty of women is the unequal and discriminatory labor rates, when

The Negative Effects of Alcholism Essay Example | Topics and Well Written Essays - 1250 words

The Negative Effects of Alcholism - Essay slipThis study is hereby written with the objective of presenting relevant issues confounding dipsomania, specifically, the negative effects of this illness. It further aims to delay various solutions to address this preventable dilemma.The U.S. Department of Health and Human Services define alcoholism, also know as alcohol dependence, as a disease that includes four symptoms craving a strong need, or compulsion, to drink loss of control The inability to limit whizzs drinking on any given occasion physical dependence Withdrawal symptoms, such as na aima, sweating, shakiness, and anxiety, occur when alcohol use is stopped after a period of heavy drinking and tolerance The need to drink great amounts of alcohol in order to get high. (2001, par. 1)The American Medical Association and the World Health plaque have both recognized addiction (including alcoholism) as an illness, not a lack of willpower. (Dossey, Keegan, & Guzzetta, 2000, 514) . Definitely, this is a fact that pervades people from all walks of life depending on diverse factors. According to Dossey, et.al. (2000), although there are some types of addictions to various substances, alcohol addiction is the most prevalent in the United States, afflicting at least 11 million people.There are a multitude of scholarly researches written on alcoholism and diverse concerns related to it. This paper aims to delve into the negative effects of alcoholism to individuals. Through secondary sources from books, journals and electronic references, appropriate materials would enable one to proffer a comprehensive and objective view of the topic.Starting with a background of alcoholism, a general view of the illness is presented. The findings would initially proffer the rationale for drinking. It would determine how one is considered to be addicted to alcohol. Then, the negative effects of alcoholism would be presented. Finally, key facts and

Final Project Essay Example | Topics and Well Written Essays - 750 words - 4

net Project - Essay ExampleResearch has shown that this disorder has been successfully treated with medication and therapy, especially for those woefulness from unipolar depression, or single episode experience. For those with mixed or maniac episodes, an ongoing treatment would be necessary to stabilize their depressive moods.The Diagnostic and Statistical Manual of Mental Disorders (Fourth Edition) manual, published by the American psychiatric Association (1994), and referred to as DSM-IV, described Major Depressive Disorder (MDD) as a serious mental disorder that profoundly disrupted the lives of those affected by the disorder.Major Depressive Disorder is classified in the DSM-IV as axis of rotation II Developmental Disorders and Personality Disorders. In this classification, those who fall under criteria A for a single episode of MDD, exhibited at least five of nine symptoms 1) depressed mood of sadness or irritability 2) in small stages diminished interest or pleasure in soc ial or personal activities 3) significant weight loss or gain, or increased or decreased appetite 4) insomnia or hypersomnia 5) psychomotor exhilaration or retardation 6) fatigue or loss of energy 7) feelings of worthlessness or excessive or inappropriate guilt 8) diminished ability to think or concentrate, or indecisiveness and 9) recurrent thoughts of death, or suicidal thoughts.Research has shown that MDD can be caused by chemical imbalances in the brain, brought about by melodic phrase and personal loss, or by some traumatic experiences (AllPsych Online-The Virtual Psychology Classroom). MDD may also be developed through certain medical illnesses such as cancer, stroke, diabetes, and myocardial infarction (All around Depression). About 20% to 25% of those suffering from these illnesses were likely to develop this disorder. It was also found that other mentalactivities. He was absent in his club meetings at Mid-Ohio Raceway for the past two months. He exhibited loss of energy , when he stopped visiting his favorite