Wednesday, May 6, 2020
Major Methods of Supervision in an Organization Free Sample
Question: Write an Essay on an Investigation of Criteria that affect the day-to-day Management of a Business in Ireland today. Answer: Introduction Supervision is an important aspect in the management process. Supervisory management is the process of overseeing and managing employees in the organizations[1]. It can be seen that businesses all over the world is adopting the strategy of supervisory management in order to make the employees efficient and to provide effective training to the novice employees. Supervisory is one of the crucial responsibilities of the organizational managers as it increases the efficiency and productivity of the business organizations[2]. There is no exception of this fact for Ireland. It has been seen that most of the companies in Ireland has adopted the strategy of supervisory management. Some major responsibilities of the supervisory management of Ireland are to ensure effective staff recruitment, staff training program, evaluation of the staffs and others[3]. Industry Guidelines and Recommended Practices Purpose and Method of Supervision Several purposes are there for which there should be supervisors in a business organization. Some of the purposes of supervision in an organization are discussed under: Mediator or Linking Pin: Supervisors are needed in an organization in order to communicate the plan, policies, decisions and strategies of the management with the subordinates of the organization[4]. Guide: There needs to be superiors in an organization for the purpose of guidance. Superior shows the right ways to the subordinates when they in doubt and in need helps. Issue of Instructions: One of the major purposes of supervision is the issue of instruction. It is the responsibility of the supervisors to make it sure that all the instructions are properly communicated to all the employees of the organization[5]. Control: Control is another important purpose of supervision. The supervisors of the organizations need to establish a control between the actual and expected outcome of the business. Apart from these, there are many purpose of supervision like the optimum utilization of the resources, to implement discipline in the workforce, to improve the communication process of the organizations, to take feedback and many others. Several methods of supervision can be seen in different business organizations. However, there are some major methods of supervision that most of the supervisors follows. They are discussed below: Individual Supervision: Individual supervision is one of the most widely used processes of supervision. In this process, the employees or supervisees use to describe their clinical activities to the supervisors. This method most suitable for most of the employees as employees does not want to disclose their personal problems in front of everyone[6]. Triadic Supervision: This is a new method of supervision where two supervisees pair with one supervisor for the purpose of supervision[7]. Group Supervision: This is another important and popular method of supervision where the one supervisor supervise a group of employees or supervisees. Group supervision is important to develop the group dynamics of an organization[8]. Peer Supervision: Peer supervision is the process of working together to get mutual benefits. In this process, the peer employees supervise each others activities[9]. Staff Code of Conduct The Code of Conduct for the Staffs in Ireland is discussed below: General Conduct and Behavior: As per this code of conduct, the employees of an organization need to maintain honesty, integrity and impartiality towards their job responsibilities. Conflict of Personal and Public Interest: As per this code, the employees must maintain a balance between personal and public conflict[10]. Planning: As per this act, the planning process employee must be transparent Gifts: According to this code, the employee cannot seek any kind of gift from the customers. Hospitality: As per this code, the employees of an organization must not be influenced by any hospitality of the customers. Satisfactory Working Relationship: As per this code, the employees of an organization must maintain a satisfactory working relationship with the consumer[11]. Criminal Conviction: As per this code, an employee that is convicted with any kind of crime must inform this fact to his/her personal officer. These are the major code of conducts of staffs in Ireland. In-House Staffs The advantages and disadvantages of in-house staffs are discussed below: Advantages In-house staffs reduce the training cost of the employees as the training process is conducted in the premise of the organization. In-house staffs can manage both the work and training; and this process reduces the disturbance in the organization. In case of in-house staffs, current work examples can be used for training. In-house staffs help to generate new ideas in the organization. In-house staffs promote the process of team building in the organizations. Disadvantages Training program for in-house staffs can increase the extra administrative costs of the organization. Training session for the employees sometimes hampers their work. Lack of dedication is a major disadvantage for the in-house staffs. In the process of in-house staffs, the employees feel extra pressure. In-house employees often face problem in time management in the organizations. Contract Staffs The advantages and disadvantages of contract staffs is discussed below: Advantages Contract staffs can become permanent by delivering good performance. Contract staff has to do multitask in the organization that increases their knowledge and skills. Contact employees get higher amount of salary in the organizations[12]. Contract employees can enjoy tax benefits on their earnings. The scope for personal satisfaction is high for the contract employees[13]. Disadvantages Contract staffs cannot enjoy all the benefiters in the organization. Contract staffs have to face immense job pressure. There is not any job security in contact staffing. Contract employees are not invited in the inner circle of the organizations[14]. There is not any opportunity for extra pay for contract staffs. Membership of Representative Bodies The advantages and disadvantages of membership of representative bodies are discussed below: Advantages Representative bodies promote the views of various parties in the organizations. Representative bodies help to promote common interest of the employees of the organization. Disadvantages It can be seen that sometimes the Representative bodies become influenced and do not promote the employees. This is a major interest. Steps Required to Recruit Staffs It can be seen that the companies in Ireland use some particular methods for the purpose of sourcing and screening candidates. For souring, both internal and external sources are used. In the process of internal sourcing, employees within the organization are selected for the vacant post. It reduces the cost of the company and it is a dependable source. On the other hand, there are many sources in external recruitment. They are websites, news papers, recruitment agencies, employment job fairs, advertisements and others[15]. Screening is the process of interviewing fewer candidates from a huge number of candidates. It can be seen that in Ireland, two processes are used for screening of the candidates. The first process is to use the job description and employee satisfaction to compare against the CV. The second process is to arrange short telephonic interview rounds to measure the candidates sustainability. These processes are largely beneficial for the companies as these screening processes help the companies to find the most appropriate employees for the organization. Thus reduces save both the time and cost of the companies[16]. Staff Training Processes It can be seen that there are some specific training processes that the business organizations of Ireland use to follow. Various training and development programs are organized for the new employees of the organization. As per the industry standard of Ireland, the companies use two types of training programs. They are on the job training and off the job training. These training programs are used on a regular basis in order to make the employees efficient towards their jobs. At the time of the training programs, it needs to be made sure that that appropriate aids and supporting materials are there for the training programs like proper training rooms, trainers, computers and many others. One of the major aspects of training and development programs in Ireland is to assess the suitability of the individuals at the time of training. In Ireland, training is not enough for the employees. The supervisors of the organization interact with the trainees to know the effectiveness of the trainin g and development program. These interactions help the organizations to identify the loopholes in the training and development programs and to provide the scope for improvement. Staff Evaluation Staff evaluation is considered as an important aspect in Ireland. Employee evaluation is done based on three periods; they are evaluation at the end of the first day or week; at the end of the first month and at the end of the probation period. The main objective of this evaluation process is to judge the effectiveness of the new employees in the organization. Apart from this, another objective of the evaluation process is to measure the effectiveness of recruitment process. In the process of staff evaluation, taking feedback on the performance of the employees is a crucial aspect. Most of the companies in Ireland use to take feedbacks on the evaluation of the employees. Feedbacks from different parties are taken on the performance of the employees. Based on the feedbacks, the employee performances are measured[17]. The evaluation process provides the scope for personal developments of the employees. From different types of feedbacks, the employees can recognize their strong and weak areas. After the identification of weak areas, the can work on them to make them into their strong areas[18]. Conclusion According to the above study, it can be said that supervisors play an integral part in the development of the organization along with the development of the employees. The main purpose of the supervisors is to take care of well being of the employees. It can be seen that there are four major methods of supervision in an organization. As per the above study, the Ireland has a well-developed process of staff sourcing and screening. The two major sources of staffs ate are the internal source and external source. The training and developed programs of Ireland help the new employees to become more efficient. Lastly, staff evaluation is very important for the overall betterment of the employees and the organization. Bibliographies "Local Government Act, 2001, Section 169".Irishstatutebook.ie, 2017. Online. Internet. 4 Apr. 2017. . Available: https://www.irishstatutebook.ie/eli/2001/act/37/section/169/enacted/en/html. "Recruitment and Selection".failteireland.ie, 2017. Online. Internet. 4 Apr. 2017. . Available: https://www.failteireland.ie/FailteIreland/media/WebsiteStructure/Documents/2_Develop_Your_Business/1_StartGrow_Your_Business/Recruitment-and-Selection.pdf. Allman, Keith, and Ximena Escobar De Nogales. "Sourcing and Screening."Impact Investment: A Practical Guide to Investment Process and Social Impact Analysis+ Website: 11-59. Boniface, Gail, et al. "Exploring the nature of peer and academic supervision on a role-emerging placement."British Journal of Occupational Therapy75.4 (2012): 196-201. Borders, L. DiAnne, et al. "Individual and triadic and group: Supervisee and supervisor perceptions of each modality."Counselor Education and Supervision51.4 (2012): 281-295. Brooks, Charles T., David A. Patterson, and Patrick M. McKiernan. "Group supervision attitudes: Supervisory practices fostering resistance to adoption of evidence-based practices."Qualitative report (Online)17.1 (2012): 191. Freedland, Mark, et al., eds.The contract of employment. Oxford University Press, 2016. Hair, Heather J. "The purpose and duration of supervision, and the training and discipline of supervisors: What social workers say they need to provide effective services."British Journal of Social Work(2012): bcs071. Hawkins, Peter, et al.Supervision in the helping professions. McGraw-Hill Education (UK), 2012. Kadushin, Alfred, and Daniel Harkness.Supervision in social work. Columbia University Press, 2014. Madaus, George F., Michael Scriven, and Daniel L. Stufflebeam, eds.Evaluation models: Viewpoints on educational and human services evaluation. Vol. 6. Springer Science Business Media, 2012. Parikh, Sejal B., Christopher Janson, and Tiffany Singleton. "Video journaling as a method of reflective practice."Counselor Education and Supervision51.1 (2012): 33-49. Posavac, Emil.Program evaluation: Methods and case studies. Routledge, 2015. Sechilariu, Manuela, Bao Chao Wang, and Fabrice Locment. "Supervision control for optimal energy cost management in DC microgrid: Design and simulation."International Journal of Electrical Power Energy Systems58 (2014): 140-149. Subhan, Arif. "Clinical Engineering Staffing."Journal of Clinical Engineering38.2 (2013): 47-48. Teague, Paul, and William K. Roche. "Line managers and the management of workplace conflict: evidence from Ireland."Human Resource Management Journal22.3 (2012): 235-251 Sechilariu, Manuela, Bao Chao Wang, and Fabrice Locment. "Supervision control for optimal energy cost management in DC microgrid: Design and simulation."International Journal of Electrical Power Energy Systems58 (2014): 140-149. Hawkins, Peter, et al.Supervision in the helping professions. McGraw-Hill Education (UK), 2012. Teague, Paul, and William K. Roche. "Line managers and the management of workplace conflict: evidence from Ireland."Human Resource Management Journal22.3 (2012): 235-251. air, Heather J. "The purpose and duration of supervision, and the training and discipline of supervisors: What social workers say they need to provide effective services."British Journal of Social Work(2012): bcs071. Kadushin, Alfred, and Daniel Harkness.Supervision in social work. Columbia University Press, 2014. Parikh, Sejal B., Christopher Janson, and Tiffany Singleton. "Video journaling as a method of reflective practice."Counselor Education and Supervision51.1 (2012): 33-49. Borders, L. DiAnne, et al. "Individual and triadic and group: Supervisee and supervisor perceptions of each modality."Counselor Education and Supervision51.4 (2012): 281-295. Brooks, Charles T., David A. Patterson, and Patrick M. McKiernan. "Group supervision attitudes: Supervisory practices fostering resistance to adoption of evidence-based practices."Qualitative report (Online)17.1 (2012): 191. Boniface, Gail, et al. "Exploring the nature of peer and academic supervision on a role-emerging placement."British Journal of Occupational Therapy75.4 (2012): 196-201. "Local Government Act, 2001, Section 169".Irishstatutebook.ie, 2017. Online. Internet. 4 Apr. 2017. . Available: https://www.irishstatutebook.ie/eli/2001/act/37/section/169/enacted/en/html. [11] "Local Government Act, 2001, Section 169".Irishstatutebook.ie, 2017. Online. Internet. 4 Apr. 2017. . Available: https://www.irishstatutebook.ie/eli/2001/act/37/section/169/enacted/en/html. Freedland, Mark, et al., eds.The contract of employment. Oxford University Press, 2016. Freedland, Mark, et al., eds.The contract of employment. Oxford University Press, 2016. Subhan, Arif. "Clinical Engineering Staffing."Journal of Clinical Engineering38.2 (2013): 47-48. "Recruitment and Selection".failteireland.ie, 2017. Online. Internet. 4 Apr. 2017. . Available: https://www.failteireland.ie/FailteIreland/media/WebsiteStructure/Documents/2_Develop_Your_Business/1_StartGrow_Your_Business/Recruitment-and-Selection.pdf. Allman, Keith, and Ximena Escobar De Nogales. "Sourcing and Screening."Impact Investment: A Practical Guide to Investment Process and Social Impact Analysis+ Website: 11-59. Madaus, George F., Michael Scriven, and Daniel L. Stufflebeam, eds.Evaluation models: Viewpoints on educational and human services evaluation. Vol. 6. Springer Science Business Media, 2012. Posavac, Emil.Program evaluation: Methods and case studies. Routledge, 2015.
Edocs Inc free essay sample
A no shop clause is common primarily in MA and private equity transactions and prevents the seller or investee/entrepreneur from looking for another bidder/investor- the reason for the inclusion of a no shop clause is that a buyer or investor plans to spend considerable time and resources conducting due diligence and does not want to run the risk of losing the deal or getting out-bid, hence the prevention from ââ¬Å"shopping around. â⬠CRV realizes that this is a hot market (VC commitments 21% CAGR for last 5 years) and that edocs represents a unique, high growth/return potential investment and wants to secure the deal for itself. CRV knows that edocs could take their term sheet and try to get other VCs to outbid/offer better terms to edocs and CRV wants to avoid a bidding war which would drive up the valuation (cost) and reduce CRVââ¬â¢s stake. This is also an important transaction for CRV, particularly for Jonathan Guerster, as this is his first VC transaction for CRV, so he wants to be sure he will not lose the deal. The CRV term sheet signifies instant certification and validation of the edocs business plan and investment opportunity- a no shop clause was necessary for CRV in order to hook in edocs without the fear of needing to enter a bidding war with another VC. However, from edocs perspective, there are both pros and cons to the no shop clause: The benefits for edocs include: ? Higher valuation, CRV term sheet acts as certification for the edocs opportunity and hence VCs will be willing to pay more to seal the deal on a high potential/lucrative deal; a higher valuation will mean that the founders will keep more of the company; which is also good for interest alignment/motivation; ? Renegotiation of key terms in favor of edocs the CRV term sheet would represent the best, most investor friendly option, thus any subsequent offer will need to adjust the terms to be more entrepreneur/edocs friendly or else they wonââ¬â¢t get the deal- / minimum offer to edocs- opening up the bid, especially in a hot market such as 1998 could shift the bargaining power to edocs Cons for edocs: May not get additional bidders: edocs has spent months trying to find investors and they run a significant risk if they decide to shop around and in the end do not end up with any financing- time to market/first mover advantage is critical; Negative signaling- the fact the edocs would dump the first, highly credible/experienced investor interested in their business could be a sign to other VCs of the quality and commitment of the sponsors- such an act of defiance could make other VCs questions whether putting up a competing bid would be worth their time- they would not want to get far in the negotiations only to have edocs sell out the first offer they are given; Inability to raise full amount: While $2M may be easy to raise, it may be more difficult to find one investor willing to put in $4M; edocs may even have to try to negotiate with 2 or more parties and that may make the entire negotiation much more difficult and would put edocs in an even worse bargaining position; CRV has an excellent network from which to source the $2M and is able to put up the full $4M if need be. If edocs thinks they can renegotiate some of the stickier/more sensitive elements of the term sheet with CRV then it would be beneficial to allow the no shop clause- this would enable them to access much needed funding quickly when timing to market is crucial. The deal on the table would still leave majority control with the founders. On the other hand, if edocs does not think it can renegotiate key terms then it should not accept the no shop clause. I would advise edocs to accept the no shop clause but narrow the time window (i. e. 20-30 days max) so that CRV will need to act fast in its due diligence and come quickly to a conclusion so that if negotiations do deteriorate then edocs can, without having lost too much time, go back to the market and try to find another financier- in this way they can accept the term while putting pressure back on CRV to make good on/improve the deal on the table. 2. What was the most contentious negotiating point (see Exhibit 7)? Why? Guerster (CRV) on one hand proposes a financing round of $4M against the issuance of Series A Convertible Preferred Stock (CPS). CRV would make an investment of $2M and in line with their general financing model, CRV will also search for one other top-tier venture firm to put in the remaining $2M. However, if no venture firm appears to be willing to put down the $2M, CRV will close the gap. As remuneration for the additional direct financing, CRV does require 500,000 of warrants (exercisable at $0. 10 per share, duration of 3 years) for common shares in addition to the Series A CPS. Although the edocs idea sounds very profitable, CRV is also taking a huge risk with this venture investment. If no other investor is convinced of the potential of the edocs business model, CRV will suffer financial damage. First of all, CRV would need to come up with an additional $2M and the news about this failed collaboration will also damage the edocs investment. Therefore, CRV will argue that it needs some measure of compensation for such damages. In addition, CRV could argue that the idea behind the syndication is to give the investment company (edocs) access to a diverse network and to provide a stronger financial syndicate. So in fact, CRV has the best interest of the portfolio company in mind. Edocs, on the other hand, will argue that CRV, based on the firm valuation, has proposed an investment amount and that CRV should also be responsible for raising the funds. There is no justifiable business reason for penalizing the founders if CRV is not successful in finding a syndicate partner. The founders would not want to bear the risk and the costs of CRV not finding a co-investor. It is not likely that edocs will accept this warrant arrangement, especially since the VC market is booming. The founders even have an offer for their company readily waiting for them back home. Guerster on the other hand will be conservative in his negotiations on behalf of CRV. First of all, Guerster is taking a huge reputational risk with this investment. Secondly, Guerster is a new recruit at CRV and will not want to take big risks for his first deal. He needs to close the deal in a way that CRVââ¬â¢s interests are best secured. 3. What are the most important terms for edocs (Kevin Laracey)? Below is an overview of the most important terms for edocs: Valuation CRV was offering a $10. 5 M valuation for edocs. Considering the increase in the venture investments, Laracey had to make sure that edocs was taking advantage of the competition between VCs while maintaining edocsââ¬â¢ first mover advantage. CRV had after all identified two of edocsââ¬â¢ competitors Just-in Time Solutions (JITS) and Bluegill as a potential investment target so Laracey did not have too much time to negotiate. CEO Position The proposed documents mention that CRV intends to hire a new CEO to run edocs. However, Kevin Laracey clearly wants to stay in charge of edocs operations. Laracey, together with Canekeratne, has developed the innovative idea behind the edocs software product and business model. Both guys have invested their personal savings in developing product in the early stage. Furthermore, Laracey has initiated some strategically important developments for edocs. As an example, Laracey arranged a partnership agreement with CheckFree which was a leading provider of electronic payment and bill presentment services. Following this agreement, Laracey signed a Technology Partnership agreement with CyberCash, the leading provider of technology that enabled secure payments over the internet (credit card/checking account). This strategic partnership enabled the recipients of online bills (edocs generated messages) to make the payments online with just a click on a button. Laracey early on recognized that this would be an important service for future clients of edocs. Taking into account the technical knowledge, industry experience, the commitment and the dedication to develop edocs into a large and successful company, it is understandable that Laracey was not willing to step aside at this stage. After all the hard work in bringing an idea into life, Laracey wants to bring the company to the next level, at least until his limited managerial experience are no longer sufficient to run edocs. Board of Directors (BOD) As regards the composition of the BOD, two issues are of importance for the founders of edocs. The current draft term sheet first of all appoints only one of the founders as a board member. CRV would have two representatives on the board of directors and two outside directors would be appointed after approval by both parties. Before appointing a new CEO by CRV, the BOD would therefore consist of five board members with only Laracey as the representative of the founders. Considering their equity position and their involvement in the company, edocs founders would require a more strong representation on the board. We can imagine that edocs would like to appoint one of the founders as the chairman of the BOD. Secondly, the above described composition of the BOD excludes Canekeratne from a position in the BOD. It is very important for Laracey that his partner from the very first beginning of edocs has a seat on the BOD. First of all, Canekeratne has co-invested in the development of the edocs software and he has served as a key technical advisor to the edocs team. In addition, Canekeatne and his family have helped to facilitate the off shore development of edocsââ¬â¢ software by giving access to software development personnel in Sri Lanka (family had a company in Sri Lanka). Vesting schedule CRV has proposed a vesting schedule of 48 months for the foundersââ¬â¢ options (total of 1. 5M). The proposed vesting scheme stipulates a 12-month cliff and linear vesting thereafter. The foundersââ¬â¢ shares would vest for 25% on closing and with a linear vesting of 36 months for the remainder shares. Considering the quality and the experience of the founding team, CRV does not want to run the risk that the founders will leave with their equity position after the investment. Laracey feels that vesting of the founder shares is as a signal of mistrust. The founders have already incorporated edocs, Inc. and already own an equity stake in the company. The edocs founders do not want to be tied down by CRV. The founders are already committed to the product and to the company and they are not planning to leave the company. The founders do not need a vesting scheme to stay motivated and committed to the company. Warrants This first financing round against the issuance of Series A Convertible Preferred Stock is for a total amount of $4M. CRV would make an investment of $2M and in line with their general financing model, CRV will also search for one other top-tier venture firm to put in the remaining $2M. If no venture firm is willing to co-invest, CRV will close the gap of $2M. For this additional direct financing, CRV request for 500,000 of warrants (exercisable at $0. 10 per share, duration of 3 years) for common shares. The founders want to protect and maintain their equity stake in the company. This warrant scheme will chip away from their equity position and give CRV cheap warrants. The founders will not want to bear the risk of CRV not finding a co-investor. Anti-dilution and Right of first refusal Anti-dilution provision allows investors to maintain their equity position in the company in light of subsequent equity issances. In case of a weigthed average basis, there is a re-pricing of the investorsââ¬â¢ shares in the event that the subsequent stock issuance is at a lower price. In such an event, the conversion price is reset based on an average of all the prices at which the company has sold stock. edocs, a company in its start-up phase, will consider this instrument as an impediment to future financings. In addition to the general anti-dilution provision, CRV proposes a ââ¬Å"pay to playâ⬠provision. Based on this provision, stockholders are required to participate in subsequent stock offering in order to benefit from the antidilution protection. Edocs could request removal of this harsh provision since it could scare away future minority investors. Similar to a call option, the investor wants to secure that in the event that one of the founders decides to sell their shares, an offer is made to the investors. This does mean that the founders will have limited freedom to choose future investors in the edocs company. This limited flexibility is worriesome for the founders. However, our recommendation would be to use this provision as small change in their negotiations with CRV. 4. What are the most important terms for Charles River Ventures (Jonathan Guerster)? CRV, i. e. Jonathon Guerster is aware that the market conditions are dictating the need for CRV to act quickly. This is the reason why CRV offered the term sheet right at their initial presentation. Valuation Considering the stage of the product development, the very ambitious business plan and some of the amounts raised by the comparable firms, post money of $10. 5M seems fair from the CRV side. Also, CRV has committed to finance $2M and to shop for another $2M investor for 45 days. Guerster has canvassed bill presentment solution companies and knows that edocs is a possible star, but since heââ¬â¢s a newcomer in CRV and his reputation is at stake, heââ¬â¢s trying to acquire some cheap equity through warrants, rather than, as heââ¬â¢s trying to present to Laracey, a buffer for unsuccessful co-investor search. Laracey as future CEO CRV wants to keep the right to hire a new CEO according to the proposed board representation structure. Laracey has indeed ambition to stay in charge, he has organized and developed with Canekeratne the online billing and payment solution and strategically directed the company by signing several win-win partnership agreements. But at that point, Laracey didnââ¬â¢t have much senior managerial experience, was 33 years old and had no experience in dealing with VCs. If CRV is not satisfied with the work done by Laracey, they want to have an option to place someone more adequate for this position. Antidilution CRV is not demanding a ratchet provision, but instead more company-friendly weighted average provision, but in the same time insisting on a pay-to-play provision. CRV wants to protect itself since edocs will need syndication in subsequent financing rounds, and CRV preference is to act as lead investor, but since in the draft term sheet is not defined how the pay-to-playâ⬠provision is going to be restructured, it could range from losing some of the preferential features (participation rights, voting rights, all or a portion of the liquidation preference etc) to complete loss of all preferential rights. Right of First Refusal/Right of Co-Sale It is important for CRV to have a right to participate in any subsequent equity financing either through option of first offer (RoFR) or right to co-sale its shares along with shareholders of Common or equivalent- this prevents dilution, and potential to acquire more of the company, if things go well, and the freedom to sell, if things go poorly. 5. Why would edocs ask for a second term sheet from CRV? If no, why not? If yes, which terms should bechanged in the second term sheet? Taking into account that edocs has just finished its product development stage and given the state of the VC market, it is legitimate for edocs to ask for second term sheet. Adjusted provisions should include: ? Higher valuation. Favorable market conditions, admitted by Guerster himself, are pushing valuations upwards. Strategically, CRV left some wiggle room if it gets into the bidding war for edocs, so Laracey and the rest of the team could hammer out better valuation by shopping the deal to other VCs. Otherwise, the issuance of warrants, stock options, buy-back provisions or other earn in options could sweeten the deal for edocs founders. ? Expulsion of warrants as a method of compensation. The responsibility for not finding a co-investor should lie solely on CRV, and not on edocs and thatââ¬â¢s why itââ¬â¢s unacceptable for edocs to give up of 5% shareholding for $50,000. ? Give Laracey a proper chance. Edocs should fight for itââ¬â¢s CEO, since he has showed already outstanding results, and CRV should give him a chance to manage a company.
Tuesday, April 21, 2020
Very powerful character Essay Example For Students
Very powerful character Essay Additionally he is characterized as the person that resembles Fate. He is thought of like this for countless reasons. One of the main reasons for this is due to the fact that he hands Mrs Lyons the bible, prompting her to act on superstition.Ã Also this is exemplified in the song Shoes upon the table, which is repeated throughout the play, this song represents a both the idea that he is the devil and fate. The lyrics, You know are repeated throughout the song. This implies everything that is going to happen is already known by the narrator as he sings this to the characters. He wouldnt know that any of this was going to happen if he did not represent this. We will write a custom essay on Very powerful character specifically for you for only $16.38 $13.9/page Order now Moreover, the Narrator is thought of as a very powerful character. Russell, however, does this in a very subtle manner. He does this in many different ways, one being the intention that the Narrator is always on a higher surface than other characters, thus giving the supposition that he is closer to god therefore having a greater power than other characters. In conjunction with this he wears simple dark clothes and has a blank emotion on his face, giving him a neutral status, as we cant identify anything about him. His dress sense also gives the audience the idea he is dressed for a dark occasion, such as a funeral. This fits in with the idea that he represents Fate, because he knows they are going to die. During the time when Willy wrote this play, social class difference was a strong talking point, this is well put across from start to finish in the performance, through clothing, setting and language.Ã The language is paramount to the idea of social structure, as it appears so often. A prime example of this is when Mickey and Eddy first meet and Mickey teaches Eddy taboo words, such as pissed and the F word. The fact that Mickey knows these words proposes he has been allowed to have the exposure to these words as he hasnt had the money to occupy himself in other ways. Russells use of colloquial language, swearing and abbreviated speech, linked with a varying vocabulary, between the two 7 year olds is intended to indicate to the audience the way in which their upbringing have already, even at this young age, affected their ability to operate in society. He wants the audience to recognize that the boys different class background differs with great intensity.Ã At the age of seven when the twins first meet the up-bringing they have had becomes extremely apparent through Russells excellent use of language in the dialogue. When talking about their mothers, Mickey uses the term mam, this signifies that Mickey is from a poorer background as the audience would generally link this sort of language with someone from a poorer, un-educated background. However, Edward uses the word mummy, the automatically gives the audience a presumption that he is better off, being a term more commonly associated with people of a higher class. In conjunction with this mummy, infers that because the Lyons were better of, Mrs Lyons had more time to spend with her child and this term confirms this as it suggests the pair were closer, because Mrs Lyons wasnt having to go out to work and earn a living, unlike Mrs Johnstone. Additionally in their first dialogue as a pair, Mickey tends to use slang such as cos and gis a, this implies that he has been brought up around language like this, which obviously portrays the fact he is from a lower class. On the other hand Edward pronounces words fully, which tells the audience he has better educated parents that have bought him up to say words like this. .u100bd0a055cb5b77ab7707930fd482e6 , .u100bd0a055cb5b77ab7707930fd482e6 .postImageUrl , .u100bd0a055cb5b77ab7707930fd482e6 .centered-text-area { min-height: 80px; position: relative; } .u100bd0a055cb5b77ab7707930fd482e6 , .u100bd0a055cb5b77ab7707930fd482e6:hover , .u100bd0a055cb5b77ab7707930fd482e6:visited , .u100bd0a055cb5b77ab7707930fd482e6:active { border:0!important; } .u100bd0a055cb5b77ab7707930fd482e6 .clearfix:after { content: ""; display: table; clear: both; } .u100bd0a055cb5b77ab7707930fd482e6 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u100bd0a055cb5b77ab7707930fd482e6:active , .u100bd0a055cb5b77ab7707930fd482e6:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u100bd0a055cb5b77ab7707930fd482e6 .centered-text-area { width: 100%; position: relative ; } .u100bd0a055cb5b77ab7707930fd482e6 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u100bd0a055cb5b77ab7707930fd482e6 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u100bd0a055cb5b77ab7707930fd482e6 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u100bd0a055cb5b77ab7707930fd482e6:hover .ctaButton { background-color: #34495E!important; } .u100bd0a055cb5b77ab7707930fd482e6 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u100bd0a055cb5b77ab7707930fd482e6 .u100bd0a055cb5b77ab7707930fd482e6-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u100bd0a055cb5b77ab7707930fd482e6:after { content: ""; display: block; clear: both; } READ: Utilitarianism Analysis EssayAs children Edward and Mickey get into trouble with the police and when the policeman goes to speak to the parents he speaks to them in very different natures. When he is talking to Mrs Johnstone he is very abrupt, he swears and calls her love. Yet on the other hand when he is talking to Mr Lyons he makes a joke, he is polite and calls him sir, and this infers that he has more respect for Mr Lyons because he is wealthier and from an upper-class background. Also, Mr Lyons pours the policeman a glass of whiskey showing that firstly, The Lyons can afford to do this, but most importantly the fact that he is so well-educated, he can calculated such a sly plan, to get the better of the policeman .Willy uses the policeman to show a strong sense of hierarchy between the two classes. The way he speaks down to Mrs Johnstone suggests she is low down in the hierarchy and deserves to be treated poorly. Yet when speaking to Mr Lyons, he speaks to him with a lot more authority, inferring that because Mr Lyons is high up, he doesnt want to get on the wrong side of him. When Edward and Mickey are younger Edward is always dressed in smart clean clothes that change everyday. Where as Mickey wears clothing half his size with rips in them and continuously wears these items for the duration of the characters younger stages of life. This suggests to the audience that Edward is able to afford nice new clothes, while Mickey has to wear hand-me-downs due to his mothers poor income.
Thursday, April 16, 2020
US History B CP Unit - An Essay Sample Review
US History B CP Unit - An Essay Sample ReviewIf you are looking for a US History B CP Unit I recommend that you go online and type in the term 'US History B C Unit.' The first website that pops up has thousands of books, courses, audio tapes, video tapes, and other products to choose from. You can make your decision in as little as five minutes and will be on your way to completing an effective US History B C Unit.I learned to read at a very young age and it seems that my father had a problem with reading. Unfortunately he did not have the proper tools to learn how to read. When I started school my mother taught me how to read and the rest is history. My teachers in school gave me a C+ on my US History B CP Unit I have completed, so I had a goal.The thing about going to school and getting a good grade is that it doesn't have to be difficult. What you need to do is get a history teacher that understands the basics of learning the basics of teaching. You need to get a class of educated students that can effectively use their time wisely and they also need a good teacher.One of the things that make a good teaching experience is using a US History B CP Unit I recommend that you go online and type in the term 'US History B C Unit.' The first website that pops up has thousands of books, courses, audio tapes, video tapes, and other products to choose from. You can make your decision in as little as five minutes and will be on your way to completing an effective US History B C Unit.Now, I understand that you may have to pay for something but you should consider it when you are getting a CD Course. It can help you in terms of money and time. Having a good teacher will help you in your quest for a good grade.Now, I realize that you may have to pay for something but you should consider it when you are getting a CD Course. It can help you in terms of money and time. Having a good teacher will help you in your quest for a good grade.I know that you can find good teachers if you just go online and type in the term 'US History B C Unit' and the site will bring up a list of companies and you can choose which one is right for you. Some of these are listed on an Internet site, while others are in a bookstore or at a library. There are many ways to find a teacher and you will find that a lot of them are good teachers.Just remember that the CD Course that you get will help you in many ways. They are good at teaching the basics of teaching which includes writing an essay, quoting from the bible, making your point with an example, examples, and a whole lot more. Make sure that you look at all of the options before you make your final decision and get a good teacher.
Monday, March 16, 2020
Marketing Plan Essays - Mobile Phones, Mobile Telecommunications
Marketing Plan Essays - Mobile Phones, Mobile Telecommunications Marketing Plan We live in a world where consumers are demanding access to information and service anywhere, anytime, and from any device. For most people, Cell phones will be the devices, which provide them with their first access to the Internet. Time is the most precious commodity and convenience is everything. Access 2000 will allow you to talk, receive emails, news, stock quotes-or surf the web, and at the same time allowing you to use the features of a palm pilot which has word processing capabilities, all while on the move! Access 2000 Combining features of Cell Phones, Pagers, Palm Pilots and Internet into the palm of your hand. This product will arm you with the latest technology that is required for the 21st century. Target Market - Retailers Circuit City Best Buy Conns Comp USA Office Max Access 2000 Descriptions 6 by 4 1 Extendable Antenna 1 Ounce Battery Overall Weight 7 Ounces 2 LCD Digital Screen Touch Screen/Keyboard/mouse Access 2000 Functions Voicemail Caller ID / Call Forwarding / Call Waiting Three Way Calling Speed Dial LCD Icons / Star Code Internet / Email Access Microsoft Word Calendar Address Book / Phone Book Competitors such as Ericsson, Nokia and Motorola have not achieved the combination of features provided by Access 2000. Ericsson with their model R380 has comes close by offering a mini browser and phone. There really is no competition, for Access 2000, because no other company has dared to combine all the features of Cell Phones, Pager, Palm Pilots, and the Internet into the palm of your hand. Marketing Plan Access 2000 Free training for all sales representative of Circuit City, Best Buy, Conns, Comp USA, & Office Max Free samples for all store managers Financial incentive for the sales associate who sold the most Access 2000 biweekly Team up with other business to share advertising costs (AOL, Prodigy Etc) Promote trends or current events, tie Access 2000 to the environment, Olympics, World Series Create fear of not having the Access 2000 ex: missing out of effective business-boosting tool. If people dont buy Access 2000 now, they will miss something big, left behind in the ever changing tech world, a discount, premium free gift, etc TV ads News paper & magazine ads Demonstrating Access 2000s benefits at all the tech conventions Creating a buzz at all the tech, TV shows Promotional offers such as, off with the trade in of your old phone Banners at business functions, sporting events etc Free giveaways on TV shows Offer Store displays & standing cardboard cut-outs Contacting present cell phone users and compare our service to theirs present one Mail out post cards with incentives and bonuses for purchasing Access 2000 One outspoken solid representative (Bill Gates, or a sports figure Michael Jordan) Business Proposition This is a general proposition for Circuit City from Access Inc. Product Access 2000 will be available in stores by November 1st, just in time for Christmas. Suggested Retail Price - $399.99 Access 2000 - Option # 1. No contract required Price per unit - $300.00 Delivery upon order per month Profit per month - (# of units X price) Cost ROI ((399-300)/300) = 33% Access 2000 - Option # 2 6-month contract required Price per unit - $250.00 150 units per month X 30 stores Total price $37,500.00 per month Profit per month - $22,498.50 ROI ((399-250)/250) = 59.60% Access 2000 - Option # 3 12-month contract required Price per unit - $200.00 150 units per month X 30 stores Total price $30,000.00 Profit per month - $29,998.50 ROI ((399-200)/200) = 99.50% This discount is given to retail stores and not to the end customers unless the store decides to do so. In order to receive the discount, Circuit City has to sign a contract for the given amount of period. For example, in order to receive the price of $200.00 per unit, Circuit City has to sign a one-year contract. Access 2000 Mark 4366 7/2/00
Friday, February 28, 2020
Musical cultures of native american and brazil Essay
Musical cultures of native american and brazil - Essay Example "Traditional music culture in Brazil and Native American cultures" essay describes the diversity of music styles of these cultures. These two groups of people have had a long history characterized by struggle, the strife and the final triumph. To begin with, The American Song published by Alexander Street Press. It is a large database that contains over 50,000 tracks which offer room for people to listen to and have a feel of America's past music. As such the database includes songs formulated by the Native Americans, the immigrants as well as slaves. Also inclusive in the database are Civil Rights songs, the political campaigns, Civil War among much more. The Encyclopedia of Natives Music: More Than a Century of Recording from Wax Cylinder to the Internet by Brian Wright-McLeod, illustrated by photographs and cover albums. And printed by Tucson: The University of Arizona Press, 2005 for Fine Art Music Collections provides vital information concerning the Native American culture. As such, the Encyclopedia of Native American Music recognizes contributions made by some Native recording artists by examining commercially released music history. Indeed it provides an overview of the recorded Native music while pointing out its historical value which has been organized by the genre for a much quicker reference. In addition, soundtracks as well as, compilation albums for artists have been included. As such this book enumerates some spoken word recordings and further includes comedy, poetry and audio books. Indian Blues: American Indian and Politics of Music, 1879-1934 written by, John W.T, à Norman: University of Oklahoma Press, c2009. As such, Troutmanà examines the politics of music on the Indian reservations and public venues as well as, reservation boarding schools at the beginning of the 20th century. During this period , US government (Office of the Indian Affairs) was engaged in controlling the musical practices Indian Americans as a way of assimilating them. The author uses the opening of the Carlisle Indians School in 1879, and the enactment of the Indians Reorganization Act in 1934 at the start and conclusions. As such, he examines how the Native American, government officials as well as , the non-Indian audiences adopted musical practice in order to shape the Indian policy. Music of the First Nations: Traditions and Innovations in the Native North American edited by Tara Browner.à Urbana: University of Illinois Press, c2009.à As such, this anthology lays out a numb er of ways in approaching an ethnomusicology of the musical expression of the Native Americans. Concerning the Culture in Brazil, About.com Latin music describes different types of traditional songs performed in Brazil, more particularly; the samba, Bossa nova and Choro have been identified. Additionally, Buzzlle describes different forms of Brazilian music, and the musical instruments used, listing, Bateria, Ganza Shekere, and the tambourine among others RESPONSE TO III The challenges include language diversity, rise of global communications and the ease at which people move, increased competition, the American cultural exchange service, the Bahia
Wednesday, February 12, 2020
Cross Cultural Management and Its Relevance in Supporting Global Essay
Cross Cultural Management and Its Relevance in Supporting Global Business Operations - Essay Example From this discussion it is clear that culture and cultural identities affects interactions and human engagement with each other. People from the same culture feel more comfortable when grouped with others from a similar culture. This merging becomes more specific especially when money is involved. Same culture individuals consider partnership in the business world. However, when different cultures have to come together these people have to grow together to meet the organization goals. While growing together, these people face similar problems and have to agree on joint actions to defeat the problems. The more they solve the issues together, while embracing each others culture, the more it becomes a norm and system of rules that will later be local legislations that with practice will become the groups guiding principals. Cross-cultural management is thus the study of behavior of people from different cultures who have come together to meet a common goal. The study emphasizes on the m ain motivation factors like group dynamics, leadership structure and decision making practiced by such a mixed group.Ã This paper highlights that economic system is one aspect that has exposed cultures to elastic limits. Earlier, the economies were divided into first world, second world, and third world. First world economy had advanced free enterprise system, second world had centralized planning, and third world was more of a developing economy. Third world was built up by countries moving from agriculture economy to industrial economy. However, any global minded person knows that these dimensions have since changed. Many economies are mixed and many third world economies happen to have particular strengths that make them stand out.
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