Othello and Iago Essay

The books do not have the same power as they used to have in the previous centuries. Nowadays, many books or written stories have been made into screen adoption . William Shakespeare wrote Othello the Moor of Venice to be performed. There are more than fifty movies, ballet performances and musicals about Othello. Each of them is different and shows a director’s unique perspective. What is it about this piece that makes people perform it so many times? In each generation people are trying to visualize the immortal theme of how manipulation and jealousy can change people’s lives. For example, in the movie Othello (1995) Oliver Parker contradicts with the text and shows the audience his view and understanding of the literary text. In the movie Othello (1995) with Laurence Fishburne, Parker, the director, uses actor’s performance, symbolic scenes and decor to help the audience emotionally understand the text. Parker’s production of the movie is very close to the original play. He uses the same language and wording, but visualization and his perspective of the play helps the audience experience empathy towards characters. For example, in the text Desdemona’s father describes her, â€Å" A maiden never bold / of spirit so still and quiet that her motion blushed at herself †(I. III . 94-96). In the movie the actress is young, beautiful and seems very innocent. Othello is described in the text as an exotic character, who shows an animalistic side. Roderigo says about Othello, â€Å"To the gross clasps of a lascivious Moor / †¦An extravagant and wheeling stranger†. (I. I. 126, 136). When Iago talks to Brabantio and tries to convince him that his daughter is with Othello he compares Othello to an animal. Iago says, â€Å"You’ll have your daughter covered with a Barbary horse†. I. I. 112). Or he also says, â€Å"Your daughter and the Moor are now making the beast with two backs† (I. I. 116). In the movie Othello has an intimidating appearance. He has pierced ears, wears jewelry and has tattoos. The right casting of characters helps to reveal them and grow parti cular attitude towards these characters in the movie. The audience when looking at beautiful and young Desdemona will most likely take her side and have compassion towards her. In contrast to Desdemona, Othello is more brutal and reveals bellicosity and rigidity. In the text Shakespeare describes Othello as a great warrior, who has suffered a lot. He doesn’t know much about love or peaceful life without battles. Othello says about himself: â€Å"Rude am I in my speech, / and little blessed with the soft phrase of piece†¦ The story of my life / from year to year-the battles, sieges, fortunes / that I have passed†¦ (I. III. 81-83, 129-131). This describes Othello as unexperienced, impulsive person, who is more used to violence than love. In the text when Iago tells Othello that Desdemona is not honest with him, Othello burst out at Iago: â€Å"Be sure of it; give me the ocular proof; or, by the worth of mine eternal soul, thou hadst been better born a dog than answer my waked wrath! (III.. III. 361-364). Othello is jealous of Desdemona but because he has no proof of it, he works his anger on Iago. In the movie Parker introduces a scene where Othello tries to drown Iago in the sea to emphasize Othello’s anger. Another scene where Othello shows his violence is when he slaps Desdemona across her face. One thing that can explain Othello’s inability to control anger and be violent is that he is left without his duty. He was send to Cyprus to defend people from the Turks but the war has never happened because of the storm that killed the Turks. Othello is left with himself, his thoughts and relationships with Desdemona. Marriage is a new experience to him, he does not know how to behave. Othello doubt his decision of getting married to Desdemona. He says, â€Å"Why did I marry? †¦O curse of marriage, / That we can call these delicate creatures ours, / and not their appetites! † (III. III. 242, 268-270). He is not used to a peaceful life, but violence and anger. Iago is using Othello’s frustration and strategy to convince Othello in Desdemona’s unfaithfulness. In the movie Parker makes Iago talk to the audience that helps develop and understand his plan, how is going to implement it. His ideas are clear and make sense, but audience still doesn’t know how the other characters will react to it and whether he will be successful or not. Parker leave that to the last scene when wounded Iago lies on the dead bodies of Othello, Desdemona and his wife. In this production Parker chooses and correctly considers the historical element by using the medieval costumes corresponding to that time, settings and decor of Venice with old buildings and canals with gondolas. However, he adds couple scenes that changes the audience’s perception of the text. In the beginning of the movie the audience see a couple in the gondola. The man covers his face with a mask, and then the young woman runs on the empty streets of Venice covering her face. This shows the audience that this couple are involved in some kind of a secret. Parker uses a cliche of a secret relationship by making the first scene happened at night, covering man’s face with a mask. This scene intrigues the audience and make it believe that this could be a love story movie. Compare to the text where Iago and Roderigo are the first ones to be presented in the text. They talk about how Iago didn’t get position of the lieutenant and how both of them hate the Moor. Iago says: â€Å"Were I the Moor, I would not be Iago. / In following him, I follow but myself; / Heaven is my judge, not I for love or duty, / but seeming so, for my peculiar end;†(I. I. 58-60). Only in the middle of the act I scene I, readers understand that Brabantio’s daughter secretly got married to the Moor and that is how Iago and Roderigo can use this against him. Iago says: â€Å"I m one, sir, that comes to tell you your daughter and the Moor are now making the beast with two backs†. (I. I . 116-117). Parker’s deviation from text catches the viewers attention better than just dry talks of Iago and Roderigo. Another movie innovation is when Parker makes Othello dream about Desdemona and Cassio being together. This emphasizes how much Othello is moved by that news. In the text Shakespeare makes Othello fall into epilepsy instead. Parker is also using symbol of the handkerchief. The symbol of handkerchief is important in the play. Othello gives special power to it. He says: That handkerchief Did an Egyptian to my mother give. She was a charmer, and could almost read The thoughts of people. She told her, while she kept it, Twould make her amiable and subdue my father Entirely to her love; but if she lost it Or made a gift of it, my father’s eye Should hold her loathed, and his spirits should hunt after new fancies. †( III. IV.. 50-58). In the movie Parker makes the handkerchief fly or fall on the black background in a slow motion. By doing so, he shows the audience the end of Othello and Desdemona’s love and predicts their death. Another symbolic scene that Parker introduces into the movie and doesn’t exist in the text is when Iago stands next to a pit and makes two figures that represent Othello and Desdemona fall into that pit. Parker compares Othello and Desdemona to the figures on the chessboard that were played and manipulated by Iago. Basically, he says that all that it was just a tactical game. He though connects that scene to another scene when Othello’s and Desdemona’s bodies are dumped to the sea. This parallel shows the audience hopelessness of the situation. This symbolic scene with figures explains how Parker understands parallels and hidden tips shown in the play. Shakespeare uses words and repeats phrases in the text to predict the end and guide the reader through the play. For example, in the text when Brabantio says to Othello, â€Å"Look to her, Moor, if thou hast eyes to see: / She has deceived her father, and may thee. † (I. III. 291-292). Othello responds to him, â€Å"My life upon her faith! † (I. III. 294). Later in the text, Iago mentions it again to Othello. He says, â€Å"Look at your wife; / wear your eyes thus, not jealous nor secure†¦ She did deceive her father, marrying you;( III. III. 197, 198, 206). At the end of the play Othello does exactly what he said before- he gives his life upon Desdemona’s faith and kills himself. Movies that are based on the plays or the books are showing the audience only one perception of that play or book, which is presented by the point of view of the director. Talented directors know that it is very hard to present the correct idea better than the original text. However, by making minor changes such as introducing symbolic scenes, choosing the right actors or the appropriate decor, the movie can guide the audience to a better understanding of the play. It can also help to develop new interpretations of the text.

Motivational Theorists Essay

Team work is majorly important when organising, setting up or running a business. If employees and employers can’t organise themselves it causes conflicted between each other and the business might be affected by this. This could be because of disagreements of a topic, for example choosing a name for a product. This could cause tension between employees and put pressure on the manager. Team work is when a group of people come together to either discus or develop ideas. The groups can either be informal or formal. The main differences between these groups are that formal groups are more main stream businesses, for example Microsoft. Whereas team groups that are informal could be based upon close friends that are going on a Duke of Edinburg walk. However, because there are different organisations that have either formal or informal teams, this makes different structures depending on the different organisations involved. Informal groups are formed because the people involved feel the need for either: †¢Social interaction (sport events, birthdays) †¢To discuss different aspects of their business and the management skills †¢To discuss ideas regarding interests such as sports One of the main aims of the informal groups is to improve social needs, this will create motivation for the employees because they will feel more secure at work and they will have better communication skills. Although these informal groups are not set up by the management, they still have motivation as a useful factor. However, the aims of a formal group are different, this is because they seem more sophisticated and organised. This is because they are often organised because the group want to commit to long term and short term goals, therefore they have to be more committed and serious. Some of the groups are formed because the employees are working with similar goals, including: †¢Members feel committed and have a sense of ownership and respect for each other, including their other talents †¢The members almost always have a clear idea of their goals and aims †¢The members are motivated and egger to improve their businesses and their skills The members of the formal groups are not randomly selected, they are assessed because they need to have the same commitment and social skills as the other members in order not to bring the group down and cause it to be less organised. Teams are formed in organisations to help develop ideas that could potentially improve businesses. If teams are made then that means that there are more ideas involved and the business will be open to more options rather than one person putting in their opinions that could be based around the same thing. Teams are also formed to improve the contact and communication skills around the work place; it helps employees feel more comfortable with their surroundings and improves motivation for the staff. Year 13 applied team The year 13 applied class has organised a group in order to keep the organisation under control and more formal. Having this group in applied will help the year 13’s to become closer as a community. It will also improve social skills to a high extent which will gain valuable skills in the future when dealing with clients and customers. It will improve social skills because the students will have first-hand experience on what it is like exchanging ideas with their peers and team leader. It will force the students to get along with each other despite any social issues which prepare them for a future in business, making each student more professional. Having to discuss their opinions will also widen the students mind into exploring the different techniques that different people choose which means they will become more educated rather than keeping with the same technique that a student would use if they were to be working alone. The main aims of the DBS applied are: Usually organisations have similar objectives and aims, this is because profit related organisations want to make a profit and they want to event to be a success. However the aims will adjust to fit the event, for example one of the aims of a team building event might be to improve staff morale, whereas the aim of a product launch may be to raise awareness of a new product and attract new buyers. Every organisation and event will have an aim, either to make profit, be successful or be organised. The main aims of the DBS talent show are: †¢Raise awareness of the applied team †¢Make a profit to give to a local charity †¢To provide an enjoyable event for all participants and audience †¢To improve the school profile amongst the community †¢To ensure a smooth running event It is highly important for the DBS applied 13’s to have appropriate and SMART aims and objectives, this is because they help structure and organise the event making the chances of success greater than if they didn’t have aims and objectives. Benefits and limitations of team work Advantages Working with other students and employees can have benefits as well as limitations. The advantages and disadvantages of teams also need to be considered before deciding to transition to teams. The following table of team advantages and disadvantages is an adaptation of work by Medsker and Campion (1992).* This list can also be used by existing teams to self-evaluate their efficacy. (source /www.hf.faa.gov/) Having teams in a business can enhance the amount of work that is being submitted by the employees, this means that the business will benefit because they will have more work completed by a shorted dead line which saves time and money for new projects. An example of this is giving out leaflets to promote a product. If 10 people distribute the leaflets then it will take up less time than if it were one person giving out the information. Not only do teams benefit business and organisations, it also benefits individuals. This is because it improves communication levels and boosts confidence because the team members are working together and discussing their ideas. These are some team advantages and explanations: Team advantages Explanations Team members have the opportunity to learn from each other. This gives the employees the opportunity to embrace new ideas from different people; it also gives the opportunity to people to express ideas which mean other people can gather different information from difference aspects of the topic which will widen their mind frame. It gives chance to others to communicate with others. This will give the team members confidence in the work place because they will have better communication skills amongst themselves which also means that in the future they will be more likely to be able to get along with others in team work and amongst office hours. New approaches to tasks may be discovered. For any team, this is a benefit because different areas are looked at from the business plan. Because different people are working in the team there are many different ideas and tactics used which means new skills will be learnt and appreciated. Teams membership can provide social facilitation and support for difficult tasks and situations. This means that each team member is supported by their team mates, not only does this give confidence but it allows the plan to almost become bullet proof because if one of the team members are failing at a task there will be others involved to help. Disadvantages Although teams give both businesses and individuals they also have some limitations that come with them. For organisations there might be conflict between the team members therefore some team members might leave the company completely which will cost the business money because they will have to recruit new staff and pay for training and hold meetings about the event/program they are organising. This can also effect the views that team members have of each other, for example the completion rates might become too high (many members want to take leadership or the team) which might cause conflict between friends and colleges. Below is a table of some limitations the team work brings into a working environment: Disadvantages Explanations Some individuals are not compatible with team work.some individuals see team work as demotivating because it doesn’t fit into the way that they work, this might cause confusion amongst these types of people and it might cause them to lag behind and become over loaded with work they have to complete, this could cause the team to slip and cause problems. Some members may experience less motivating jobs as part of a team.There is almost a hierarchy in a team for example, there is the team leader that has the most responsibilities in the team and then the work load becomes less. Some workers are highly motivated by heavy workloads and high responsibility (theory X and Y), if a team member who works like this has little responsibilities then they are likely to become demotivated. However it could become the opposite way and a work member could be pressured by the amount of work they have to complete and they might feel unappreciated and stressed which could cause the team to fall. Teams may be time-consuming due to need for coordination and consensus.This could cause conflict with the team member’s social life because of the workloads that they are being given. It is important for a business to allow their team members to have a good amount of social life in order for them to work to a high standard. If the workloads given are highly time consuming then it might take over time and run into the employees leisure time which will affect the levels of happiness and could cause them to become demotivated and their working levels will drop. Impact of leadership In every business and organisation there are different ways of leaderships. Leadership is the way that the managers and team leaders motivate and control their employees, without them then it workers would not know what to do and the businesses will lose money and staff rapidly because of the lack of motivation and skills their employees have. There are five main management styles in business are organisations, these are made up of: †¢Autocratic †¢Democratic †¢Laissez-faire †¢Proactive †¢Reactive Autocratic Each one of the above are differently structured in order to fit the employee’s needs. They all can be related to the theories of Maslow, Herzberg and McGregor. Autocratic style workers are clear on their tasks that they need to complete, however these workers need a controlling environment to become motivated the workers are not quite focused. The manager of an autocratic worker gives the employees a set of tasks to do and they expect the workers to do exactly what they are told and when they are told to do it. There is hardly no opportunity for the autocratic workers to give their opinions to the manager and there is no discussions about the tasks that they have been given, it is a very controlled environment. Autocratic workers can be related to the theory X and Y (however the autocratic workers are only applied to X not Y) An example of an autocratic management style could be a bakery store, as the business became more popular and the demands became higher, the manager decided to become more forceful with the employees to make sure deadlines were complete on time and there was no money lost. Because it was a small business with such high demands then the manager would decide that there would be no room for discussion on the tasks the manager gave them. There are some limitations of an autocratic ran business, autocrats could lead to little motivation. This is because the employees have no say in the business that they are working on which could make the employees feel like they have little importance in the they are working in and they could feel highly pressured into doing some things that they really disagree on. This gives a sense of poor ownership and commitment to the business. Another limitation could be that, if a business is at a peak season and the demands are higher than usual there will be more pressure put on the employees and the manager might find that it is hard to cut the deadlines back even shorter than usual because there is already so much work that are on strict deadlines. Being an autocratic manager could also affect the business over all, this is because new ideas that employees have would not get across to the manager which means new improvements that could enhance the businesses income will not be acted upon. Having an autocratic based business could give some benefits towards not only the staff but the customer’s and consumers. Some examples of organisations that benefit from an autocratic based business are: †¢The armed forces and the police †¢Medical areas like hospitals and sergeants †¢Fire fighters †¢Managers of internships These are all organisations that are almost always under pressure and have little time to discuss the different options available. For example, where there are health and safety issues going on, surgeons can’t afford to spend their time on consulting other people first, they must act fast. This works out well for them because this means that more lives are saved and the business profile is high and caries a good reputation. Managers of internships often use the autocratic way of managing staff because they are often inexperienced, shy and have little confidence. Having a forceful manager controlling them will allow the workers to because confident at work because they will be able to get on with their work. It will also prepare them for the future work because the manager will let them know what is expected from them in other business. One other thing is that the workers will have less time to communicate because the work levels and demands are high. This means less time for d istractions and more motivation for work. Democratic Democratic management is much more lenient than the autocratic style of management this is because the employees have a chance to get their opinions across. They also have an opinion on how the business is run. However, this doesn’t mean that their opinions will change the company or organisation. There are still similarities between democratic and autocratic leaders because there is still a leader that makes the overall decision despite what the employees say. The democratic leaders often set a date in which they take time to talk to all of the employees who have an input about the business; this could be a positive or negative approach. The reason why the manager carefully set a date for this is because it takes a lot of time and patience to listen and take in all the different opinions of people. It doesn’t just take time to listen and observe to the employees, it also takes careful analysing to decide to take action and change the businesses ways because of the empl oyees’ choice. This is also because the manager has to go through the different levels of the hierarchy, therefore this can become very time consuming. Another disadvantage of having a democratic manager is that there will always be either a winner or a loser in some sense. This is because the employees point either gets across and there are significant changes made in the business for the employees benefit, or the managers chooses not to change anything which leaves the employees feeling ignored and demotivated. This can give the employees low motivation because the employees who wanted a change in the work place would have worked relatively hard and spent time planning and prepping for the meeting and the employees would feel like they wasted their valuable time for no reason. However, having a democratic manager is not all negative, having this type of working area can mean the workers are highly motivated for the fact that they feel valued because the managers take part in what they think about the business, and their opinions. Where as if they are not listened to many of the workers would feel like they are just there to work and have little contribution to the company and have no control over anything. Another positive aspect of democratic workers is that when the managers do listen to them, and there is a change made the workers feel proud and they feel like they have made commitments to the work place. This also means that a good relationship is made between the manager and the employees. The employees have more respect for the manager because they took the time to listen to them; in return the employees are likely to work harder. An example of this is, when new initiatives are considered at recruitment consultancy, Longbridge international, they are discussed and agreed collectively, almost 89% of the staff believes they make a valuable contribution to the company and 88% feel that they have/make a difference. (source: applied business text book) This example supports the fact that the employees are motivated by a democratic leader because they are listened to and respected, rather than a manager that doesn’t let them have any control over the work area or themselves. Laissez-faire Laissez-faire management program is a hand off approach, this means that the employees are free to work as they like and they are not put under pressure by their managers like other motivation and management theories. The managers who work like this will potentially give the employees the materials they need to complete the tasks that have been set for them. Laissez-faire workers have their own goals and are self-motivated. However, these workers must be highly experienced and motivated and who have a need for achievement to work because there is no manager pressuring for work. If an inexperienced worker comes into an atmosphere like this it is highly likely that the company will suffer with poor communication and lack of work on deadlines. This could happen because employees are not used to have a very free environment and they might take advantage of this. This type of management styles is highly popular within more creative businesses, this is because they are allowed to make up d ifferent styles and work by themselves. Some examples of Laissez-faire companies could be: †¢Graphic designer †¢Magazine editor motivational theorists †¢Decorator The work that is more artistic and creative is supposed to reflect of the employee themselves therefore this is why Laissez-faire management style is better because they are allowed this freedom whereas in autocratic and democratic environments they are not which means every ones work will almost be the same. However, the businesses that recruit these types of workers need to carefully think about whom they choose, in interviews they will commonly ask questions relating to their work techniques and they will analyse if the workers can work freely and don’t rely on the managers for advice, help and pressure. By asking these questions they are saving money and time for the business. If they were to recruit a worker that is cauterised as an X theory worker then they will slack off and not complete work on time. An advantage of working like this is that most people don’t like having someone looking over their shoulder constantly, so a laissez-faire management style promotes trust in the workers. The workers also have a feel of importance at work because they aren’t constantly being looked after and they have control of their work life as well as their social and leisure time. Another advantage is that this kind of style is positive only in the case when the employees are very responsible and in case of creative jobs where a person is guided by his own aspirations. In these cases, less direction is required so this style can be good. However there are some limitations to have such a free flowing environment, these can be because an laissez-faire management style makes it easy for workers to do a substandard job or to slack off entirely, and it usually takes a very high-visibility problem to bring such workers to light. This style has more disadvantages because usually it is the result of the lack of interest of the leader that leads to his adopting this style. It proves poor management and makes the employees lose their sense of direction and focus. The disinterest of the management and leadership causes the employees to become less interested in their job and their dissatisfaction increases.

Partnership and Limited Liability Partnership Organization Essay

Introduction This is a report that shows a comparison between both Partnership and Limited Liability Partnership organization and to advise Mr. Tan on the business organization that is more likely to fit his needs for setting up a new consulting business. For this particular project, our group assumed that Mr. Tan used to be an accountant working for a big accounting firm and is now looking to set up a small accounting consultancy business. 1Process Required to Setup Business Organization Below are the processes to setting up a partnership and a limited liability partnership business organization respectively: 1.1Partnership Firstly, the partners have to fill with the Registrar an application for approval and reservation of partnership name. After the application is being approved, a partnership is required to be registered online via BizFile with ACRA through a professional business registration firm if both of the partners are not local citizen. The partnership must have at least two partners for registration. Following are the information needed: 1) Proposed name of the Partnership 2) Particulars of the partners/managers (foreign passport or Singapore ID) 3) Residential address of the partners/managers 4) Consent to Act as Manager and Statement of Non Disqualification to Act as Manager 5) If partner is a company: Registration details of the company 6) Singaporean or PR must pay Medisave 7) Declaration of compliance ACRA will then send an email of notification confirming the registration. A  business profile containing the registration details can be obtained as a softcopy via email from ACRA upon successful registration. Softcopies are usually sufficient to all purposes in Singapore. (enterAsia Information Services Pte Ltd, 2010) 1.2Limited Liability Partnership Firstly, the partners have to fill with the Registrar an application for approval and reservation of LLP name. After the application is being approved, an LLP is required to be registered online via BizFile with ACRA through a professional business registration. Following are the information needed: 1) Proposed name of the Limited Liability Partnership 2) Particulars of the LLP partners/managers (foreign passport or Singapore ID) 3) Residential address of the LLP partners/managers 4) Consent to Act as Manager and Statement of Non Disqualification to Act as Manager 5) If partner is a company: Registration details of the company 6) Declaration of compliance ACRA will then send an email of notification confirming the Singapore LLP registration. A business profile containing the registration details can be obtained as a softcopy via email from ACRA upon successful registration of the LLP. Softcopies are usually sufficient to all purposes in Singapore. (enterAsia Information Services Pte Ltd, 2010) 2Legal Characteristics of Each of the Business Organizations 2.1The Characteristics of Partnership (ASSAR, 2011) Two or more persons: Partnership involves business by a group of persons. There must be at least two persons to bring partnership into existence. Although there is no maximum number required in the Partnership Act, the Companies Act has placed a maximum limit 20 people in a business. A company must be registered if there are more than 20 people in the business. Contractual Relation: A partnership is a contractual relationship arising out of an agreement among the partners, a person does not become a partner out of his status as is the case in joint family. Persons entering in partnership must be competent to enter into a contract as it is essential, and the agreement among partners may be oral or in writing. A written agreement or deed is preferred because it helps in resolving some disputes among partners later on. Lawful Business: A partnership agreement only exists in a lawful business. Sharing of profits: An agreement among partners must include the sharing of profits and losses. A charitable trust cannot be called partnership because there is no sharing of profits. Profit sharing is only a superficial evidence of partnership but not a conclusive proof. The employees of a business may also share profits but they are not the partners. No Separate Legal Existence: A partnership firm is not a legal entity of its own. This means that the firm and the partners are one and the same. A firm is only a name to the collective name of partners and no firm can exist without partners. The rights and liabilities of the partners are the rights and liabilities of the firm. Management of the firm vests in partners who are its owners also. Unlimited Liability: Every individual partner is liable jointly and severally for the obligations of the partnership firm. Therefore, if assets of the business are not sufficient to meet the liabilities of creditors then private property of partners can be used to meet them. The creditors can claim their dues from anyone or all the partners. If these liabilities are met by one partner then he is entitled to receive rateable contributions from other partners. Restriction on Transfer of Shares: No partner can transfer his shares to an outsider without the unanimous consent of all other partners. It is based on the principle that a partner being an agent of the firm cannot delegate his authority unilaterally to outsiders. Utmost Good Faith: The very basis of partnership business is good faith and mutual trust. Each and every partner should act honestly and fairly in the conduct of business. A firm cannot be run if there is suspicion among partners. Partners must have faith in each other for running the business smoothly. 2.2The Characteristics of Limited Liability Partnership (LLP) A limited liability partnership is a business structures that operates similar to a partnership organizational structure. The difference is the limited personal liability afforded to each member of the company. Each partner is responsible for their own actions while conducting business. LLPs are tailored for professionals, such as doctors, lawyers and accountants. (Howell, 2012) Every Partner Equal: Each partner is an equal member in a LLP company. They decide together on various company issues, such as the name of the business, where it is located and how it is going to be operated. Partners also share equally in the profits and losses of the business. The number of people in LLP must not exceed 20. Limited Liability Protection: Each partner in this type of company is protected against the actions of the other partners which results in a lawsuit. For example, if one partner is subject of a malpractice claim and loses in court and have to pay damages, the other partners are not held financially responsible. However, partners in a LLP are liable for the obligations of the company such as loans used to purchase equipment and utility expenses. Pass Through Taxation of Profits: A limited liability partnership company is taxed similar to a business formed under the partnership and sole proprietorship organizational structures by a process called pass-through taxation. The company profits are not taxed at the company level but instead  are â€Å"passed through† to the partners to be reported on their individual tax returns. This prevents the double taxation that occurs in corporations where profits are taxed at the company and shareholder levels. 3Advantages and Disadvantages of Partnership and LLP 3.1Partnership Advantages of Partnership 1. Capital: Due to the nature of the business, the partners would contribute their share of capital to start up the business. Hence, the more partners there are, the higher the amount they could put into the business. This would give the partners better flexibility and greater potential for growth. It also means more potential profit, which would be equally shared between the partners. 2. Flexibility: It is generally easier to form, manage and run a Partnership. There are fewer restrictions in a partnership than in companies, in terms of the laws governing the formation. As the partners have the only say in the way the business is run without the interference of shareholders, they are far more flexible in terms of management, as long as all the partners can agree. 3. Shared Responsibility: Partners would be able to share the responsibility of the running of the business. This would allow the partners to make the most of their abilities and potential. Instead of dividing the management and taking equal shares of each business tasks, they would be able to divide the work according to their skills. Thus, if one partner is good with figures, they could deal with the book keeping and accounts, while the other partners might have different niche areas and specialize in different tasks. 4. Decision Making: Partners share the decision making and can help each other out when needed. With more partners means more brainstorming could be in place and the information they came out with could be picked out for  business ideas and for the solving of problems that the business may encounter. (Adrain, 2010) Disadvantages of Partnership 1. Disagreements: One of the most common disadvantages of partnership is the possibility of disagreements between the partners. People often have mixed ideas on how the business should be run, the task arrangements and are picky about what the best interests of the business are. All these might lead to arguments which might not only endanger the business, but also the relationship of those involved. That is why it is always preferred to draft a deed of partnership during the formation period to ensure that all partners are aware of what are in place in case of disputes and prepare for the procedures if a partnership is dissolved. 2. Agreement: As the partnership is jointly run, it is crucial that all the partners agree with decisions that are being made. This means that in some situations there is less freedom with regards to the management of the business. This is especially so compared to sole traders, where the sole trader need not seek agreement from anyone but himself. 3. Liability: Ordinary Partnerships are subject to unlimited liability, which means that each of the partners shares the liability and financial risks of the business equally. This might put of the idea of partnership for some people, as they might not want to take the risk. 4. Profit sharing: As partners share the profits equally, it can lead to inconsistency where one or more partners are not contributing a fair share of effort into the running or management of the business, but still reaping equal rewards. 3.2Limited Liability Partnership Advantages of Limited Liability Partnership (Janus Corporate Solutions, 2008) 1. Separate Legal Identity: A limited liability partnership has a separate legal identity. They can own properties, at the same time they can  enter into contracts, and sue or be sued in its’ own name. 2. Limited personal liability: The partners of the limited liability partnership will not be held personally liable for any business debts incurred by the limited liability partnership or the wrongful acts of their partners. A partner may, however, be held personally liable for claims from losses resulting from his own misconducts or omission. 3. Perpetual succession: Any changes in the limited liability partnership (e.g. resignation or death of its partners) do not affect its existence, rights or liabilities. 4. Ease of compliance: Compliance requirements are more complex than sole proprietorship but simpler than a private limited company. Disadvantages of Limited Liability Partnership (Janus Corporate Solutions, 2008) 1. Formation of limited liability partnership requires a minimum number of 2 partners at all times. 2. Individual partners can commit the partnership to formal business agreements without the consent of their partners. 3. Limited liability partnership lacks the ease of ownership transfer and investment that a company structure provides. 4. There are no corporate tax benefits: Tax exemptions are available to private limited companies but are not available to limited liability partnerships. A limited liability partnership is treated as tax transparent which means that limited liability partnerships are not taxed as an entity. Instead each partner is taxed on their share of the profits as per the personal income tax rates. 4Analysis on Choosing the Business Organization Since Mr. Tan is setting up a business for accountancy consulting, he should  opt for a Limited Liability Partnership organization instead of a Partnership. Mr. Tan is currently new to the business world, and might not have found a partner he could fully trust yet; therefore it is also to his advantage if his partner were to act wrongfully or if there is a change in partners, since in LLPs, partners are not liable for losses to outsiders arising from acts of another partner as compared to an unlimited liability if he were to go into a Partnership. In addition, the LLP is also not subject to full financial reporting and disclosure requirements, such as those on capital contributions and changes to capital (ACRA, 2005). This is an advantage to Mr. Tan’s business. Since the business is small, minor changes to capital will not have to be subjected to full reporting and disclosure. Furthermore, as mentioned earlier, LLPs are tailored for accountants. With that, our group is certain that Limited Liability Partnership Organization will meet the needs of Mr. Tan’s new consultancy business. Bibliography ACRA. (2005, May). Retrieved February 5, 2012, from ACRA Legal Digest Issue 8: http://www.acra.gov.sg/NR/rdonlyres/4B52C6B6-E89B-4DC3-A72C-A9C4BC62AAAB/10278/ACRA_LDI_08.pdf Adrain. (2010). The company warehouse. Retrieved 2012, from The company warehouse: http://blog.thecompanywarehouse.co.uk/2010/03/01/advantages-and-disadvantages-of-partnership/ ASSAR, R. (2011). Publish Your Articles. Retrieved February 2012, 6, from PublishYourArticles.org: http://www.publishyourarticles.org/knowledge-hub/business-studies/what-are-th e-characteristics-of-partnership.html enterAsia Information Services Pte Ltd. (2010). entersingaporebusiness. Retrieved Feb 05, 2012, from LTD Singapore: Setting up a limited liability partnership (LLP) in Singapore: http://www.entersingaporebusiness.info/limited-liability-partnership.php enterAsia Information Services Pte Ltd. (2010). How to set up a partnership in Singapore. Retrieved Feb 05, 2012, from entersingaporebusiness: http://www.entersingaporebusiness.info/partnership.php Howell, R. (2012). Hearst Communications Inc. Retrieved February 6, 2012, from Hearst Communications Inc.: http://smallbusiness.chron.com/characteristics-limited-liability-partnership-3729.html Janus Corporate Solutions. (2008). Singapore Limited Liability (LLP) Registration. Retrieved February 4, 2012, from guidemesingapore: http://www.guidemesingapore.com/incorporation/other/singapore-llp-registration-guide

Hedging Equity Case Study Example | Topics and Well Written Essays - 1750 words

Hedging Equity - Case Study Example Another advantage of using options is its ability to allow the trader to sell them against shares that he or she already owns. Through this option, the trader can earn extra income from the sale of these shares. On the other hand, option strategies have some drawbacks. Options can be of high risk even though they are designed to reduce risks. Options fall the risk-reward ration in that, options with higher returns are also characterized with greater risks and vice versa. Also, even though options have got the leverage advantage, it also has disadvantages arising from the leverage as the loss resulting from them can be horrible since all losses are multiplied. This is especially where too much leverage is used. The use options are also sophisticated in that it takes long for someone to know how it works (LearnMoney.co.uk 2015). Options are also risky where there is less information about the quotes as well as other analytical information such as the implied volatility. Dunbar (2012) notes that, options are also not available to cover all stocks as it limits the number of possibilities available to the trader. Another limitation of using the options strategies is the highest commission per do llar invested, which is incurred during their trade. This is especially common for spreads where an investor pays commissions for both spread sides. According to the ThinkTrade.net (2006), the options have higher spreads due to the lack of liquidity. This makes the trader incur more costs in the form of indirect costs when trading them as he will be giving up the spread. There is always a waste of assets since options lose value over time. Therefore, the traders should be right on the direction as well as his timing. According to Arunajith (2007), the zero cost collars are also called the castles collar and is an option trading strategy, whose use is in the short term so as to seek

Week 3 Conference Essay Example | Topics and Well Written Essays - 500 words - 1

Week 3 Conference - Essay Example This order was issued on 13 November 2001. I do not agree that the military tribunal provide constitutional right fully because they do not provide tor the right of the due process of law that has been accorded to all accused persons in the United States. In that, any evidence or testimony from previous trials can be admissible during the trial, which I not the case in the criminal civil courts that means that the tried person is not accorded the right to due process. According to the constitution adopted in 1787 gave the president who is the command in chief of the armed forces power to determine and punish war crimes committed by the offenders and the terrorist. (Article 1, section 8, clause10). In the case of Exparte Milligan (1866), the court illustrated that the constitution protects the law of the land. It also tried to justify the fact that every person should get a fair trial. Where upon Appeal it was held that Milligan should have been tried in a regular court, and not a military tribunal as the law protects every persons and they are equal. Korematsu had a right of fair treatment as any other American resident but since he was Japanese, the government felt that they had a right to protect their country during war times. Moreover, if they saw him as a threat then they had a right to send him away from his home where he had refused to come out of, as he believed it was his right. The court felt that it was impossible from them to separate the friend from the foe or the royal and the disloyal as Korematsu was from the imperial Japan. This was the same case as the Chinese where they were denied to open laundry places at this time. The exclusion order 9066 at that time that is the 1942 to 1944 was seen as constitution because the courts sided with the government as they were trying to protect the country during the time of war. It was also held that the individual right of Mr. Fred was not as important as the rights of

Choose two (2) activities from the list of seven (7) reflective, Assignment

Choose two (2) activities from the list of seven (7) reflective, analytical and experiential activities presented below. Each ac - Assignment Example I am a resident of United States and have gone to China for my job in a multinational company. There I have experienced a different culture altogether, which does not match with the culture of China. At first I was very much excited to embrace a new culture but slowly I understood that it is very stressful to get adapted and embrace a totally new culture. The first problem that was faced by me was the communication problem. But what really made me survive in the new country and saved me from my work and personal life complications, is the Zen meditation. I first came to know about the practice when one day a meditation class was arranged for the team members of the company. The meditation concept was decided by our employer, who understood our stressful condition and gave us the opportunity to improve our mind state and concentrate on our work. I was very much excited about the concept as I have never experienced such classes. The meditation class was held after the working hours. Af ter attending the class I liked the whole concept of the activity and was very much interested to know more about the activity (Thorby, 2011). Analysis Zen meditation is developed within the Japanese Zen Buddhism. The Zen practice is very effective to human body as it provides deep relaxation both physically as well as mentally. The meditation connects us with the subconscious part of our mind and assists us to link with our consciousness with the inner world of our mind. Thus, the practice helps us to connect with the inner garden of our mind in time and reduce stress to give us easiness. It takes us to that level where we can reduce our daily tension in our work and non-work life. When we are contended with our action, behavior and have reduced stress that we are going through, we improve our connection with the outside world. This increases the joy and vitality of our life and makes us more creative. This will increase the vitality and joy of our life and makes us concentrate on the creativity. The regular practice enhances and strengthens the self concentration, brings improvement in the balance of our body and helps to increase our mental strength. It assists in integrating those parts of our body, which has blocked vitality and perception that provides us with safer platform in life. The meditation practice mainly focuses on the central part of our body and mind. The practice is very easy and can be exercised easily be practiced without having any religious inclinations. The concept was first developed in Soto School and in this school Zen means sitting. The practice is also called ZaZen which gives us the meaning true sitting (Stevenson, 2012). It is totally a new culture to me and following the Soto tradition and meditating in the same way as they do is quite impossible if not practiced well. We all know that as an instrument of feeling and perception, our body is the main focus of our mind. If our body is relaxed we are bound to stay happy. Any type o f stress or tension disturbs our relaxed minds and thus it also harms our thought process and thus we become irritated very fast. Thus, it is very important to make our body relaxed, so that it does not affect our mind and thought process. Another critical activity of our body is breathing and apart from body it is

Lawrence Ellison Essay Example | Topics and Well Written Essays - 750 words

Lawrence Ellison - Essay Example He was born in New York City, on August 17, 1944, to an unwed Jewish mother. He was then adopted by his mother's uncle and aunt, who raised him in Chicago. His adopted mother was kind to him, but he has quite a few contradictions with his adopted father. The financial condition of the family was alright, until the Great Depression robbed his adopted father of his job, after which he took up a small job as an auditor. Lawrence Ellison went to Eugene Field Elementary School in Chicago, and then went to Sullivan High School. Even as a child, he showed great aptitude for Science and Math. He attended the University of Illinois and left it at the end of the second year, since his mother had expired then. Later, he went to the University of Chicago, where he learnt computer designing, for just one term. Later, he took up a number of jobs that helped him earn a living. In the 1970s, Ellison took up a job with Ampex Corporation. Here, he worked on a project that basically dealt with creating a database for CIA. It was called Oracle. Eventually, he started a venture on his own, with his colleagues, Robert Miner and Ed Oates, after being inspires by a paper called, 'A Relational Model of Data for Large Shared Data Banks' by Edgar F. ("Ted") Codd, describing a concept Codd had developed at IBM. It was initially called Software Development Laboratories.Soon enough, they won a contract to build a relational database management system for the CIA, and thus began his career as a software entrepreneur. By completing the project ahead of schedule and using the time to develop the company, Ellison and his partners started their stride into the million dollar mark. Ever since, the company's profits doubled year after year. It soon turned into a billion dollar company, from a million dollar comp any. This was when the company got its current name, Oracle. Oracle also experienced its share of difficulties, in the aftermath of going public in 1986. Employees of Oracle overstated the value of their company. This led to losses the next financial year around. The company was also on the brink of bankruptcy. This was when Ellison decided to step in and disburse managerial powers to professionals and solely concentrated on product design. After this overhaul, the company registered more profits than before. Even in the light of the financial meltdown, Oracle has been able to sustain itself. Lawrence Ellison, for his part, has been one among the world's richest men. In fact, at one point in time, he overtook Microsoft's Bill Gates, to become the World's Richest Man. He leads a very lavish life, with a special regard and passion for yachting and water-sports. ASSETS, PHILANTHROPY AND CONTRIBUTION Lawrence Ellison, in his position as the co-founder and CEO of Oracle, has been currently named as the fourth

The global pattern of foreign direct investment in the years 2000-2011 Essay

The global pattern of foreign direct investment in the years 2000-2011 - Essay Example Foreign Direct Investment (FDI) is perceived as one of the important measures of increasing economic globalization. As because of increasing globalization and international trade, transnational corporations (TNCs) are able to invest in different overseas projects and shift their operations to different regions of the world (Globerman, & Shapiro, 2003). It is important to understand and analyze the concept of the foreign direct investment as it is directly related with the globalization in the today’s world (Noorbakhsh, Paloni, & Youssef, 2001). Because of increasing globalization and international trade, more and more foreign investors are investing their money in different projects overseas. It is important to notice that overall foreign direct investment (FDI) increased to around $ 33 billion in the year 2008 as compared to $ 5 billion in the year 2000 (UNCTAD, 2010). However, there was sharp decline in global foreign direct investment (FDI) in the year 2009 to around $ 28 b illion. This was because of the global economic recession. Overall economic recession and downturn forced the transnational corporations (TNCs) to cut down their overall investments and expenditures which in turn negatively influenced the global foreign direct investment (FDI). Most of these foreign direct investments (FDI) are directed towards the developing countries and least developed countries. The multinational corporations (MNCs) and transnational corporations (TNCs) are looking forward to exploit the abundance of low priced resources of these developing and under developed countries and thus shift more operations in these countries. Therefore, foreign investment flows from the developed countries towards least developed countries (Chakrabarti, 2001). The third world and developing countries are enriched with the resource of foreign direct investment (FDI). In the year 2010, overall global foreign direct investment (FDI) almost remained constant and reflected only a growth of around 0.7 percent. However, in the same year the foreign direct investment (FDI) to the developing countries increased by around 10 percent. Foreign direct investment (FDI) is important in order to maintain consistent growth and development all over the world (Blonigen, 2005). This facilitates the process of transferring the resources and funds from more developed countries to developing countries. Investors from developed countries are able to take advantage of relatively cheaper and low cost labour and other resources in the third world countries; while at the same time the third world countries are able to gain from the foreign investment which helps them in improving the overall economic condition (Neuhaus, 2005). For this very reason, many third world and developing countries have come up with different methods and strategies for attracting more foreign direct investment (FDI). For example, trade free zones, special tariffs, and easy regulations for foreign investors. Owing t o the high importance of the topic and the strong relation of the topic with the globalization and overall global economic condition, in this report an attempt has been made to analyze and evaluate

Investment Profile Analysis for McCormick & Company Assignment

Investment Profile Analysis for McCormick & Company - Assignment Example According to the paper findings the company also supplies for store brands that are private level items. The company’s current employee strength is around 10000 including members of its research facilities. The company’s success pillars include continuous innovation, participative management for managing workforce, quality assurance and maintenance and delivering high performance. A research on company profile suggests that the decision of participative management and empowering employees have helped the company to achieve its current position. According to the management, learning and development initiatives by the company such as Global Leadership Program, Global Learning Network and High performance Organisation has also played an important role in the company’s success.As the discussion stresses McCormick & Co. is growing at a fast pace and has become the largest spice company globally with sales value of USD 4123 millions in 2013. In the spice industry the s ize and reputation of the company matters and as a result, McCormick & Co. has a competitive advantage over its competitors. It has been observed that consumers in spice industry are price sensitive but they are equally concerned with the quality of the product. The price of MKC is comparatively high and it mainly competes with various private brands. However, the products of MKC are highly distinguished because of its substantial investment in research and development. This has helped the company in achieving high market capitalisation.

Prometheus Bound Essay Example for Free

Prometheus Bound Essay In the play â€Å"Prometheus Bound† by Aeschylus, it states ideas about the concept of power through force. The play deals with conflict between force and intelligence which realates to the main concept of power and force. At the beginning of the play, Hephaestus is joined by Kratos, who represents power, and Bia, representing force. Heaphaestus chains Prometheus while Kratos abuses him and Bia stays silent throughtout the enchaintment. While Hephaestus has sympathy for Prometheus, Kratos reminds him that this is Zeus’ punishment for stealing fire from the gods and giving it to mankind. When Prometheus tried to use his intelligence to help humanity by giving them the gift of fire, Zeus responds by using his force to punish Prometheus. Throughout the play, Prometheus knowledge makes it clear that without him, Zeus will fall by a power greater than his own. For this reason, Force can be an advantage than knowledge, but it cannot remain indefinitely without it. On pg 1(lines 4-11), it says â€Å"Ordained thee by the Father-to enchain this malefactor on yon mountain crags†¦.. and check his charity for man. This is significant because Prrometheus stole fire from the gods and Zeus, all powerful, punishes Prometheus by sending his assistants, Kratos (power) and Bia (force) with Hephaestus to enchain Prometheus to a mountain. Therefore, Zeus has the power and control over the other gods and immortals. Secondly, on pg. 43 (lines 12-16) continued on pg. 44 (lines 1-3) it says â€Å"No rack nor pillory can cause Zeus devise to move or make manifest these things†¦. not thus will he consrain my tongue to tell By whose hand he from tyranny shall fall. This is significant because Prometheus has the knowledge about the overthrow of power of Zeus. For this reason, knowledge or force beats power. Prometheus is a powerless immortal and victim of an unjust powerful god, Zeus, who rules by demands and laws. In this conflict, the idea that force requires thought and guidance to sustain it. Therefore, Aeschylus is stating that a resolution between knowledge and force can work together to avoid destruction. Prometheus knowledge, signifies that the idea that thought must be sustained. In this case, his judgement will save Zeus but his opposition to Zeus leads on the path to resolution.

Interest Groups in Texas, US

Interest Groups in Texas, US Throughout the nation there are many different interest groups from large national interest groups to small regional interest groups, Texas is no different. There is an innumerable amount of interest groups operating in the state of Texas. The main goal of an interest group is to get a piece of legislature passed that aligns with their goals or vision. Some of the more influential interest groups in Texas are Texas NAACP and the Texas State Rifle Association. A couple of interest groups that have been underrepresented in Texas are the NARAL Pro-Choice Texas and the Texas Equity PAC. The National Association for the Advancement of Colored People (NCAAP) is a national organization focused on the empowerment of colored people throughout the nation (Texas NAACP History.). NCAAP Texas is no different, they strive for the advancement of colored people. There have been many successes in Texas through the NCAAP. The NCAAP in Texas is one of the more influential interest groups due to the fact that it is also a national interest group and has far reach resources. With these resources they can reach out and receive help from anywhere in the country to battle whichever dilemma they are faced with. They have had multiple successes in the national stage as well as the local stage in Texas. The Texas Rifle Association is one more influential interest group in Texas. Founded in 1919 the TSRA is located in Austin, TX and their main goal is to support the 2nd Amendment, which is the right to bear arms (LEGISLATIVE.). They are influential due to being the only full-time firearms advocate lobbyist in Texas (LEGISLATIVE.). Some of their successes have been the open carry on campus implementation. This allows students to carry firearms on campus in the state of Texas. Also the open carry piece of legislation which allow the use of open carry in the state of Texas too effect due in part to their lobbying. There are however interest groups that are underrepresented in Texas. One of which is the Texas Equity PAC. The Texas Equity PAC is a group that advocates for the LGBT community of Texas (Texas Equity PAC.). Their main interest is to put in effect pro-equality polices and legislation through the election of pro-equality candidates. This group has not been around for very long and does not have many supporters in the state legislation. They do however endorse five officials in the state government for their pro-equality work (Texas Equity PAC.). Another underrepresented interest group in Texas is the NARAL Pro-Choice Texas interest group. They are a group that revolves around feminism and in a conservative state like Texas, they are an afterthought. Their main mission is to guarantee every Texan has the right to make personal reproductive health decision and to guarantee access to the full range of options (2017 Texas Legislature.). This interest group targets women who need abortions, and feel that this is a human right to have control over their bodies. Being in a conservative state, many of their arguments against anti-abortion legislation are defeated. This is due to many Republicans who are traditionally conservative being in political offices, and denying these appeals to overwrite legislation that takes away a womans right to decide whether or not she wants to have the baby. In conclusion, there are many national interest groups as well as interest groups in Texas. The main aspiration of an interest group is to have legislation or policies passed that positively effect their interest. There are many influential groups in Texas, a couple of them are the NCAAP Texas and the Texas Rifle Association. There are also interest groups that go underrepresented in Texas, some of these groups are the Texas Equity PAC and the NARAL Pro-Choice Texas groups. Works Cited 2017 Texas Legislature. NARAL Pro-Choice Texas. NARAL Pro-Choice Texas, n.d. Web. 05 Mar. 2017. Champagne, Anthony, and Edward J. Harpham. Governing Texas:. New York: W.W. Norton Company, 2013. Print. LEGISLATIVE. Texas State Rifle Association. TEXAS STATE RIFLE ASSOCIATION, n.d. Web. 08 Mar. 2017. Texas Equity PAC. Texas Equity PAC. Texas Equity PAC, n.d. Web. 08 Mar. 2017. Texas NAACP History. Texas State Conference of NAACP Units. N.p., n.d. Web. 05 Mar. 2017.