Qualities of a Good Journalist free essay sample

These days, individuals get data through news and papers, however in the interim are dubious about reality of these news. Would it be a good idea for us to accept the columnists? What characteristics should a decent writer or journalist have? Today, news and papers become the primary wellspring of data to people in general. Simultaneously, there are unsure about reality of these news. Be that as it may, a few pundits suggest that writers are inconsistent, on the ground that it might offer ascent to a progression of issues, including doubt of news reports and disappointment of news-casting. To my brain, it portion not bode well to doubt columnists. The most significant and clear motivation behind why individuals should believe them is that writers set out to talk reality and people in general would be visually impaired and live in a desert of data without them. At the end of the day, albeit a few writers who need to draw in the open consideration report off base news, great columnists report numerous realities which we are concerned. We will compose a custom article test on Characteristics of a Good Journalist or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page For instance, various journalists who originated from everywhere throughout the world announced numerous significant matches of Beijing Olympic Games in 2008. As I would see it, a decent writer has a few attributes which must be the piece of what his identity is. Most importantly, a decent writers must be clever. Genius enables an individual to have the option to consistently discover an answer for troublesome circumstances. Speed and precision is additionally noteworthy. It isn't sufficient for you to compose well, however you should be a quick essayist, particularly in a crisis. Besides, they should have conventional spelling and language structure abilities. At the point when a finished work contains numerous linguistic and spelling mistakes, it can appear to be extremely amateurish and you can free your validity as a writer. In rundown, regardless of the way that there are different issues emerging from columnists, they ought to have the help and insurance of the administration and society.

The Hindenburg Disaster

The Hindenburg Disaster The Hindenburg denoted the start and the finish of transoceanic carriers. This 804-foot blimp loaded up with more than 7 million cubic feet of hydrogen was a most distinguished accomplishment of its age. At no other time or since has a bigger airplane taken off. Nonetheless, the blast of the Hindenburg changed the scene for lighter-than-air makes until the end of time. The Hindenburg is Engulfed in Flamesâ On May 6, 1937, the Hindenburg conveying 61 group and 36 travelers showed up hours bogged down at Lakehurst Naval Air Station in New Jersey. Nasty climate constrained this deferral. Slammed by winds and downpour, the specialty drifted in the region by most records for about 60 minutes. The nearness of lightning storms were recorded. The arrival of the Hindenburg with these sorts of conditions was against guidelines. Be that as it may, when the Hindenburg started its arrival, the climate was clearing up. The Hindenburg appears to have been going at a genuinely quick speed for its arrival and for reasons unknown, the Captain endeavored a high arrival, being winched to the ground from a stature of around 200 feet. Not long after the securing lines were set, a few onlookers announced a blue shine on the Hindenburg followed by a fire towards the tail segment of the art. The fire was all the while prevailing by a blast that immediately immersed the specialty making it collide with the grou nd slaughtering 36 individuals. Onlookers viewed with dismay as travelers and group were singed alive or hopped to their demises. As Herb Morrison reported for the radio, Its burst into flames.... Escape the way, it would be ideal if you goodness my, this is terrible...Oh, the mankind and all the travelers. The day after this appalling catastrophe happened, the papers began conjecturing about the reason for the calamity. Up until this episode, the German Zeppelins had been sheltered and exceptionally fruitful. Numerous hypotheses were discussed and researched: harm, mechanical disappointment, hydrogen blasts, lightning or even the likelihood that it was shot from the sky. On the following page, find the significant hypotheses of what occurred on this pivotal day in May.â The Commerce Department and the Navy drove the examinations concerning the Hindenburg debacle. Be that as it may, the Federal Bureau of Investigation likewise investigated the issue despite the fact that it in fact had no ward. President FDR had requested that every single legislative organization coordinate in the examination. The FBI documents discharged about the episode through the Freedom of Information Act are accessible on the web. You should download Adobe Acrobat to peruse the records. Hypotheses of Sabotage The hypotheses of treachery started to surface right away. Individuals accepted that possibly the Hindenburg had been undermined to hurt Hitlers Nazi system. The damage hypotheses focused on a bomb or some likeness thereof being put on board the Hindenburg and later exploded or some other kind of treachery performed by somebody ready. Administrator Rosendahl of the Department of Commerce accepted that harm was the guilty party. (See p. 98 of Part I of the FBI archives.) According to a Memorandum to the Director of the FBI dated May 11, 1937, when Captain Anton Wittemann, the third in order of the Hindenburg, was addressed after the disaster he said that Captain Max Pruss, Captain Ernst Lehmann and he had been cautioned of a potential episode. He was told by the FBI Special Agents not to discuss the notice to anybody. (See p. 80 of Part I of the FBI reports.) There is no sign that his cases were ever investigated, and no other proof emerged to help damage. Conceivable Mechanical Failure A few people highlighted a potential mechanical disappointment. A considerable lot of the ground team later met in the examination demonstrated that the Hindenburg was coming in excessively quick. They accepted that the carrier was tossed into a full opposite to slow the art. (See p. 43 of Part I of the FBI reports.) The hypothesis emerged this may have caused a mechanical disappointment which started a fire making the hydrogen detonate. This hypothesis is bolstered by the fire at the tail area of the art however very little else. The Zeppelins had an incredible reputation, and there is minimal other proof to help this hypothesis. Was It Shot From the Sky?â The following hypothesis, and presumably the most extraordinary, includes the zeppelin being shot from the sky. The examination concentrated on reports of a couple of tracks found close the rear of the landing strip in a confined zone. Be that as it may, there were various individuals available to watch the astonishing occasion of the Hindenburg arrival so these impressions could have been made by anybody. Truth be told, the Navy had gotten two or three young men who had sneaked into the landing strip from that heading. There were additionally reports of ranchers taking shots at different airships since they ignored their homesteads. A few people even asserted that delight searchers destroyed the Hindenburg. (See p. 80 of Part I of the FBI records.) Most individuals excused these allegations as rubbish, and the conventional examination never validated the hypothesis that the Hindenburg was shot from the sky. Hydrogen and the Hindenburg Explosion The hypothesis that picked up the most ubiquity and turned into the most broadly acknowledged included the hydrogen on the Hindenburg. Hydrogen is a profoundly combustible gas, and the vast majority accepted that something made the hydrogen flash, in this manner causing the blast and fire. Toward the start of the examination, the thought emerged that the drop lines conveyed electricity produced via friction back up to the aircraft which caused the blast. In any case, the head of the ground group denied this case by the way that the securing lines were not conduits of electricity produced via friction. (See p. 39 of Part I of the FBI archives.) More sound was the possibility that the blue circular segment seen at the tail of the carrier not long before it burst into blazes was lightning and caused the explosion of the hydrogen. This hypothesis was validated by the nearness of the lightning storms revealed in the zone. The hydrogen blast hypothesis got acknowledged as the purpose behind the blast and prompted the finish of business lighter-than-air flight and the slowing down of hydrogen as a solid fuel. Numerous individuals highlighted the combustibility of the hydrogen and addressed why helium was not utilized in the art. It is fascinating to take note of that a comparative occasion happened to a helium airship the prior year. So what truly caused the finish of the Hindenburg? Addison Bain, a resigned NASA specialist and hydrogen master, accepts he has the right answer. He expresses that while hydrogen may have added to the fire, it was not the guilty party. To demonstrate this, he focuses to a few bits of proof: The Hindenburg didn't detonate however consumed in various directions.The aircraft stayed above water for a few seconds after the fire started. A few people report it didn't crash for 32 seconds.Fabric pieces tumbled to the ground on fire.The fire was not normal for a hydrogen fire. Truth be told, hydrogen makes no obvious flames.There were no announced releases; the hydrogen was bound with garlic to emit a scent for simple recognition. Following quite a while of comprehensive voyaging and research, Bain revealed what he accepts is the response to the Hindenburg secret. His examination shows that the Hindenburgs skin was secured with the amazingly combustible cellulose nitrate or cellulose acetic acid derivation, added to help with unbending nature and optimal design. The skin was likewise covered with bits of aluminum, a part of rocket fuel, to reflect daylight and shield the hydrogen from warming and growing. It had the further advantage of fighting mileage from the components. Bain claims these substances, albeit vital at the hour of development, straightforwardly prompted the fiasco of the Hindenburg. The substances burst into flames from an electric sparkle that made the skin consume. Now, the hydrogen turned into the fuel to the previously existing fire. In this manner, the genuine offender was the skin of the zeppelin. The unexpected point to this story is that the German Zeppelin producers realized this in 1 937. A transcribed letter in the Zeppelin Archive expresses, The genuine reason for the fire was the extraordinary simple combustibility of the covering material achieved by releases of an electrostatic nature.

How to Use Open Graph Protocol Meta Tags in BlogSpot Blog

How to Use Open Graph Protocol Meta Tags in BlogSpot Blog In custom Blogger templates we are using Open Graph Protocol but this is not well known to everybody. Open Graph Protocol is a set of rule which helps to integrate any web page into the social graph. Though we want to rock our blog or website around the web but we dont follow all the rules and regulation for rocking. There are very small SEO related issue which we may ignore but can make great impact on search engine. Today the biggest medium of Blog promotion is Social media. So we must consider the social media as a gateway for reaching towards broadest audience. But we must make our Blog or website compatible with Open Graph Protocol. What exactly Open Graph Protocol? I have already mentioned that Open Graph Protocol is a set of rules. But the main benefit of Open Graph Protocol is that, this will enable your website or blog page to become a rich object in a social graph. For example, almost all website and Blog has Facebook fan page and a Facebook can be your social graph or social circle. Once your Blog or web page is integrated with Open Graph Protocol then it behaves like the object of the social graph (facebook). Because after enabling Open Graph Protocol your site will get same functionality as a facebook page. How Open Graph Protocol works? As example lets talk about Facebook, through open graph protocol you can inform Facebook how your shared your Blog or website contents and how it should be displayed on Facebook. More clearly it can be said, Open Graph Protocol tells facebook which title, URL, image and description of your blog post/page should be used when your Blog or Website content is shared on facebook. But to do this you must add some Open Graph Protocol Meta tags. This Meta tags almost similar site SEO Meta tags. Have a look on example- meta property=og:title content= / meta property=og:type content=/ meta property=og:url content=/ meta property=og:image content=/ meta property=fb:admins content=/ meta property=og:site_name content=/ meta property=og:description content=/ Open Graph Protocol Meta Tags will turn your web page into a graph object; you need to use open graph protocol Meta tags. How to Use Open Graph Protocol Meta Tags in Blog? I have prepared a sample Open Graph Protocol Meta tags for Blogger which you can directly use by simple changes. And this Open Graph Protocol Meta tags I am using in my Blogger Spice. Lets have a look and go through integration system. Step 1Log in to yourBlogger accountand Go to yourBlogger Dashboard Step 2Now click on- Template - Edit HTML-Proceed Step 3Locate the]]/b:skinby pressing Ctrl+F (Windows) or CMD+F (Mac) Step 4Paste the below codeBefore/above]]/b:skin !-- BEGIN Open Graph tags -- meta expr:content='data:blog.metaDescription' name='description' property='og:description'/ meta content='Facebook APP ID' property='fb:app_id'/ meta content='Facebook Admin ID' property='fb:admins'/ b:if cond='data:blog.pageType == quot;itemquot;' meta content='article' property='og:type'/ meta content='About US Page URL' property='article:author'/ meta expr:content='data:blog.canonicalUrl' property='og:url'/ meta expr:content='data:blog.pageName' property='og:title'/ b:if cond='data:blog.postImageThumbnailUrl' meta expr:content='data:blog.postImageThumbnailUrl' property='og:image'/ b:else/ meta content=' Your Blog Favicon URL' property='og:image'/ /b:if b:else/ meta expr:content='data:blog.title' property='og:title'/ meta expr:content='data:blog.canonicalHomepageUrl' property='og:url'/ meta content='blog' property='og:type'/ meta content='Your Blog Favicon URL' property='og:image'/ /b:if meta content='Your Country Name' name='geo.placename'/ meta content='en_US' property='og:locale'/ meta content='en_GB' property='og:locale:alternate'/ !-- END Open Graph tags -- Customization The above script will able to display your Blog title, Description, URL, Image, Site Name. But you have to do little change on several Meta tags. Recommended: How To Find Your Facebook ID or Facebook Admin ID Easily? Locate Facebook APP ID and Facebook Admin ID, after that replace xxxxxxxxxxxxxxxx with your Facebook application ID and admin page id. Replace About US Page URL with your about us page URL. Find out Your Blog Favicon URL and replace it with the Blog/website favicon. Again find Your Country Name and replace it with your county name. Step 5Now clickSave templatebutton. Now your Blog will act as open graph protocol which will tell Facebook that how to share your Blog or website contents. Web technologies are getting complicated day by day so we have to change all the older SEO rules and set new thing to make our site compatible for search engine and social media. There are many different technologies and schemas exist and we could combine together. The Open Graph protocol builds on these existing technologies and gives developers one thing to implement. But remember that Developers main goal is simplicity of the Open Graph protocol which has informed many of the technical design decisions. So we can say, open graph protocol has made our Blogging experience simple.

Star Charts and Their Many Uses

The night sky is a fascinating place to explore. Most backyard skygazers begin by stepping out each night and marveling at whatever appears overhead. In time, however, nearly everybody gets the urge to know about what theyre seeing.  Thats where sky charts come in handy.l Theyre like navigational charts, but for exploring the sky. They help observers identify stars and planets in their local skies. A  star chart  or a  stargazing app is one of the most important tools a skygazer can use.  They form the backbone of specialized astronomy apps, desktop programs, and are found in many astronomy books.   Charting the  Sky To get started with star charts, search out a location on  this handy Your sky page. It  lets observers select their location and get a real-time sky chart. The page can create charts for areas around the world, so its also useful for people planning trips who need to know what the skies will contain at their destination. For example, lets say someone lives in or near Fort Lauderdale, Florida. They would scroll down to Fort Lauderdale on the list​ and click on it. It will automatically calculate the sky using the latitude and longitude of Fort Lauderdale as well as its time zone. Then, a sky chart will appear. If the background color is blue, it means the chart is showing the daytime sky.  If its a dark background, then the chart shows the night sky.   The beauty of these charts is that a user can click on any object or area in the chart to get a telescope view, a magnified view of that region. It should show any objects that are in that part of the sky. Labels such as NGC XXXX (where XXXX is a number) or Mx where x is also a number indicate deep-sky objects. Theyre probably galaxies or nebulae or star clusters. M numbers are part of Charles Messiers listing of faint fuzzy objects in the sky, and are worth checking out with a telescope. NGC objects are often galaxies. They may be accessible through a telescope, although many are fairly faint and hard to spot. Astronomers over the ages have collaborated on and created different lists of sky objects. The NGC and Messier lists are the best examples and are the most accessible to casual stargazers as well as advanced amateurs. Unless a stargazer is well-equipped to search out faint, dim, and distant objects, the advanced lists really arent of too much importance to backyard-type skygazers. Its best to stick with the really obvious bright objects for good stargazing results.Some of the better stargazing apps also allow a user to connect to a computerized telescope. The user inputs a target and the charting software directs the telescope to focus on the object. Some users then go on to photograph the object (if theyre so equipped), or simply gaze at it through the eyepiece. There is no limit to what a star chart can help an observer do.   The Ever-Changing Sky Its important to remember that the sky does change night after night. Its a slow change, but eventually, dedicated observers will notice that whats overhead in January is not visible in May or June. Constellations and stars that are high in the sky in the summertime are gone by mid-winter.  This happens throughout the year. Also, the sky seen from the northern hemisphere is not necessarily the same as what is seen from the southern hemisphere. There is some overlap, of course, but in general, stars and constellations visible from the northern parts of the planet arent always going to be seen in the south, and vice-versa.The planets slowly move across the sky as they trace their orbits around the Sun. The more distant planets, such as Jupiter and Saturn, stay around the same spot in the sky for a long time. The closer planets such as Venus, Mercury, and Mars, appear to move more quickly.   Star Charts and Learning the Sky A good star chart shows not only the brightest stars visible at a given location and time but also gives constellation names and will often contain some easy-to-find deep-sky objects. These are usually such things as the Orion Nebula, the Pleiades star cluster, the Milky Way galaxy that we see from inside, star clusters, and the nearby Andromeda Galaxy. Learning to read a chart enables skygazers to know exactly what theyre looking at, and leads them to explore for more celestial goodies.  Ã‚   Edited and updated by Carolyn Collins Petersen.

Essay on Serial Dilutions - 616 Words

Serial Dilution Activity Many applications require the determination of microbial numbers. Those applications can be either clinical or in a research setting. Clinical applications include determination of antibiotic efficacy and as well as therapy. Research applications include determination of the effectiveness of antimicrobial chemicals, radiation, etc. The viable count is most common or standard method used to quantitate bacteria. With this method only microbes that are alive and able to reproduce can be counted. Since microbes grow into such large numbers it is extremely difficult to perform this without diluting the microbial culture first. A key concept here is the ability of microbes such as bacteria and fungi to form visible†¦show more content†¦I would take test tubes of different concentrations of the bacterial samples put one sample of each on a petri dish; diluting the large amount of bacteria to different concentrations. A dilution of 200 X 10^-6 = 2x 10^8 cfu/ml. You would go about finding this out by taking four other test tubes adding 1.0 ml of to one of the test tubes and shaking them. I would use a general wide series of dilutions ranging from 10^2 to 10^8. After shaking this test tube #1 with 10^8 dilution, you would take a pipet and transfer 1.0 ml aseptically to the next test tube of 10^6. Shake the test tube of 10^6 dilution and aseptically transfer 1.0 ml to the test tube of 10^4 dilutions. Shake the test tube of 10^4 dilution and aseptically transfer 1.0 ml to the test tube of 10^2 dilution with a pipet. Now shake the test tube of 10^8and take a new pipet transfer 1.0 ml to one petri dish and 0.1 ml to another petri dish. Do this same task to test tubes 10^6 and 10^4. I would then go about mixing a agar with the 10^8. I would do this to the remaining plates and allow the agar time to cool and harden. When the plates have hardened I would then go about counting the plates that have between 25-250 colonies. This how I would go about double checking the accuracy of the concentration of thisShow MoreRelatedEvaluation Of A Chemical Substance1561 Words   |  7 Pagesspectrophotometer. This device consists of a spectrometer that produces light of any color (wavelength), and a photometer which measures the intensity of the light.2 In this experiment serial dilutions will be performed and from this, calibration curves will be produced. New solutions will be created from these dilutions and each new concentration will be found by using the concentration and volume formula given in the manual. In addition, Beer’s Law will be utilized to determine the concentrations ofRead MoreSpectrophotometer: Concentration and Standard Curve Essay805 Words   |  4 Pagesspectrum to determine the concentration of light absorbing molecules in a solution. (p.59) In this particular lab, our mission was to determine the protein concentration and the standard curve of the unknown sample of BSA. This, by preparing five dilutions of the unknown solution of BSA together with other known concentrations, and then experimenting by observing how the concentrations were passed through the spectrophotometer. The outcome resolved in the absorption levels being decreased, and thisRead MoreEssay about Micro Lab Project757 Words   |  4 PagesProfessor Rotibi ABSTRACT: Accurate evaluation of bacterial colonization as a predictive index for alfalfa sprouts has relied on a quantitative culture technique that provides exact colony counts per gram of tissue by culture of five serial dilutions of the alfalfa water. In this study 1 package of alfalfa sprouts were cultured by a semi-quantitative technique that enumerated the number of gram-negative enteric organism in 1 ml of alfalfa water. Exact colony counts from the experiment wereRead MoreBacterial Enumeration of Various Meat Products1161 Words   |  5 Pagescurrently collected samples of hamburger, suspension were transferred via serial dilution, and then transferred onto spread plates and pour plates. The samples were permitted to culture for approximately one week, and then enumerated through use of colony counting methods. Although, methods were taken to transfer each sample to their dilutions aseptically, any contamination may result in skewed results; however, the dilution number will directl y influence the number of bacterial colonies that formRead MoreThe Isolation Of Milk Whey904 Words   |  4 Pagesset of five serial dilutions of BSA and the purified samples were made as shown in Table * and *, respectively. Table 1. BSA standard serial dilutions. Cuvette Serial Additions 0.01% SDS Volume Dilution Factor 1 50  µL of 1 mg/mL BSA 950  µL 50  µg/mL 2 500  µL of #1 500  µL 25  µg/mL 3 500  µL of #2 500  µL 12.5  µg/mL 4 500  µL of #3 500  µL 6.25  µg/mL 5 500  µL of #4 500  µL 3.125  µg/mL 6 Discard 500  µL of #5 500  µL 0  µg/mL Table 2. Serial dilutions of purified ÃŽ ±-lactalbumin. Cuvette Serial Additions 0Read MoreLab Investigation : Cell Purple Dye Solution1042 Words   |  5 Pagesto the guiding question of: how to make 1 L of Pirate Purple dye. Section 2 Performing this lab, a serial dilution was set up for the red and blue dyes. After labeling 5 beakers A-D and a Stock of 30 mL of the dye solution, 10 mL of the Stock solution plus 10 mL of water was transferred into beaker A; then 10 mL of beaker A plus 10 mL of water into beaker B and so forth. After the serial dilutions of the red and blue dyes were taken, the molarity and absorbance for both dyes were calculated. UsingRead MoreQuestions On The Quantification Of Light Absorption And Transmittance As A Function Of A Solution1804 Words   |  8 Pagesthe procedure involved serial dilution. In other words, 50% of the original sample was transferred to container number two and diluted to the mark. This step was repeated with the rest of the containers; the idea was to reduce the concentration of each container by a factor of  ½. The unknown was dissolved as instructed in the label and the absorbances of four trials were obtained, to account for a 95% certainty on the concentrations reported. Sample of serial dilutions in Figure 2. (VolumesRead MoreAntibacterial Effects Of The Chloramphenicol Antibiotic On Escherichia Coli1473 Words   |  6 Pagesrange of 25ÃŽ ¼g/mL and 170ÃŽ ¼g/mL. Methods and Materials Our study took place in a laboratory in Duncan Hall at San Jose State University. The chemistry department of San Jose State University supplied our materials. We conducted serial dilutions and calculated our dilution factors using the equation: C1V1=C2V2 The study resulted in a series of agar plates containing E. coli and Chloramphenicol. The plates had progressively higher antibiotic concentrations (from no antibiotic on one end and excessRead MoreGrowth Curve Report1680 Words   |  7 Pagesgrowth of yeast is measured by using spectrophotometer and hemocytometer.We learnt how specthophotometer and hemocytometer use and also we learnt qualifications of hemocytometer and spectrophotometer.Serial dilution was used for this experiment and it was very important.Because of the serial dilution,we measured the number of yeast cells. The graph of growth curve was drawn and bacterial life cycle was understood with the graph.The purpose of the experiment was to calculate and draw bacterial growthRead MoreEssay Quantitave Plating642 Words   |  3 Pagessee the effects of pasteurization while emphasizing the process for serial dilutions. PROCEDURE See references (1) RESULTS As the dilution factor increased for both the raw milk (unpasteurized) and pasteurized milk samples, the number of colonies decreased. The number of cells/mL in the pasteurized milk sample is considerably less than the number of cells/mL in the raw milk sample. RAW (UNPASTEURIZED) SAMPLE Dilution Factor | Number of Colonies | Number of cells/mL | 10-3 | TMTC |

Analysis Of Learning Through Simulation On Teamwork And...

2 Analysis of learning through simulation 2.1 Personality and learning Clashing personalities and conflicting assigned roles led to problems with group dynamic and identity, affecting teamwork and decision making. As part of the Everest simulation, each group member was given a different role at random. This led to the issue where some group members’ personalities did not suit the role they were given and forced some members to step out of their comfort zone, in particular, where the least confident member became leader and the most dominant member in the group was given the role of photographer. As such, there was a slight underlying leadership struggle that led to the nominal leader often yielding and going along with decisions to avoid conflict. The leader’s low self-esteem also led to a very democratic and flat team hierarchy, which had a significant impact on the team’s decision-making style. The group was predominantly extroverted and judgment-inclined, with half the group having an inclination for sensing and feeling, and the other for intuition and thinking, according to the Myers-Briggs Type Indicator (MBTI; Myers McCaulley, 1985). The leader rated as an ISFP, with marginal preference for introversion, while the most dominant member of the group was found to be ENTJ, the opposite end of scale. Due to the different preferences and styles of making decisions, members came to decisions at different paces; slower thinkers felt some pressure to speed up and comeShow MoreRelatedQuality And Safety Education For Nurses1142 Words   |  5 PagesQuality and Safety Education for Nurses Teamwork and collaboration are capable to effectively function within professional teams, remaining respectful, mutual decision-making, and developing open communication to attain the optimal quality of care for patients. To create a collaborative atmosphere, several characteristics must be involved; knowledge, skills, and attitude. Knowledge is a way to describe an individual’s strengths, weaknesses, and principles to collaborate within a group of workersRead MoreBusiness Simulation899 Words   |  4 PagesWhat have you learned Business simulation  is  simulation  used for  business  training or analysis. Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking, financial analysis, market analysis, operations, teamwork and leadership. The business gaming community seems lately to have adopted the term  business simulation game  instead of just  gaming  or just  simulation. The word  simulation  is sometimes considered too mechanisticRead MoreBusiness Simulation892 Words   |  4 PagesWhat have you learned Business simulation  is  simulation  used for  business  training or analysis. 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However, not all learners have the same learning style and not all teachers have the sameRead MoreAn Reflective Personal Reflection With Analysis And Judgement1256 Words   |  6 Pages2. Personal Development The second part of the essay is to provide an introspective personal reflection with analysis and judgement, on how I have developed, when I worked through the module of Business Game, with the demonstration of past, present and future learning and development needs. 2.1 What have I learned? Firstly, the simulation allows me to be able to gain some business knowledge which as known as commercial awareness. CESIM Global Challenge provides a simulated environment of operatingRead MoreAssessment Methods1351 Words   |  6 Pagesself-regulation in learning http://www.strath.ac.uk/learnteach/teaching/staff/assessfeedback/12principles/16.30on 12/05/2010 The principles of good assessment are Help clarify what good performance is. Encourage time and effort on challenging learning tasks. 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January, 2006 Contents Marketplace Simulation Its Objectives to Participants and your company †¦3 Who Are Using Marketplace †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 Game Scenario and Decisions by Quarters †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 Targeted Participants†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 9 Program Level of Difficulty and Decisions by Functions†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 10 Program Schedule 1Read MoreCB4303 Course Outline 2014 15 SemB3752 Words   |  16 Pagesindividually and in teams to make challenging strategic decisions 1.2 Course Intended Learning Outcomes ï‚ · Understand and develop strategic management process implementation plans and then apply these to improve organization performance ï‚ · Critically analyse and evaluate an organization’s external and internal environment as well as its capabilities, to gain a thorough understanding of the contextual situation ï‚ · Apply the knowledge developed through analysis and evaluation to create solutions appropriateRead MoreCB4303 15B Course Doc3685 Words   |  15 Pagesteams to make challenging strategies 1.2 Course Intended Learning Outcomes On successful completion of the course, the student should be able to: No. CILOs Weighting (if applicable) 1. Apply clear concepts of strategic management and policy through a business strategy simulation game. 40% 2. Conduct sound strategic analysis and present it in oral presentation and/or written format. Contribute comments in class to enhance learning. 20% 3. Demonstrate excellent knowledge on strategic management

Economic Value of the Business

Question: Discuss about the Economic Value of the Business. Answer: Introduction: Valuing ones business is a method which provides the estimate of the economic value of the business. A valuation is a tool in financial markets that helps the owner of business to determine the value of they will receive for their business if they sell it in the current market scenario. It is processed by which present value of the business is determined, by discounting the expected cash flows and other factors taken into consideration. Business valuation is done for various purposes such as mergers, acquisitions, etc. There are various accounting principles which require the assets of an organization to be shown at their historical values in the financial statements (Albrecht et. al, 2011). Because of this reason it is very difficult to determine the true value of business in the current market. While valuing the business these assets are taken at their market values which help to determine the true value or worth of the business. In the given case, we need to value a small hotel wh ich is situated on the outskirts of a large town. Key factors affecting the value of the hotel An indepth local knowledge along with sector knowledge is required to come at proper valuation of a hotel. In order to derive the proper valuation of the hotel, the valuation officers need to consider both trading performance and transactions market. The major factors affecting the value of a hotel include profitability, location, threats, demographics, conditions and also risk involved in investments. Profitability in hotel business is best estimated from the net profit earned. Now this net profit figure will have to be adjusted upward or downwards keeping in mind the management of the hotel. Good management adds value to the business whereas bad management declines it. Location of the hotel is one of the major factors affecting its value (Eugene Philip, 2011). Whether it is located in the city or outside the city, whether it is a holiday spot, convenience such as public transport, traffic flow, etc. all affects the value of a hotel. Talking about threats, if there are competitors in that area, then the profit margins is likely to be in the same level. If they are new in the business and operating only in a single area then the margin of profit is bound to increase that will have a strong impact on the profits (Williams, 2012). The value should also keep in his mind the demographic trends. It should see what age group of people mainly use their service so that they can make arrangements accordingly. There is risk involved in hotel management so the capitalization rate includes a lot of adjustments; the calculation of this rate is very challenging for the person valuing the hotel. Other factors such as condition of the building, efficiency of the bar, fire prevention measures, entertainment facilities etc. effects the value of a hotel (Eugene Philip, 2011). Methods to Value Hotel Business There are majorly three approaches which are used to value a hotel. These are the income capitalization method, sales comparison and cost approach. In order to select the method of valuation the nature of hotel and also the strengths of each method should be evaluated so that the best approach suitable can be identified. Also there are thumb rules which help to provide a rough value of the hotel. But mostly income capitalization approach is mostly used to value the hotel business (Christensen, 2011). The basis of income capitalization approach is that the value of business is based on the profits earned, or future benefits that can be earned from them. The value of the income generating properties such as hotels is based on future estimated incomes and expenses of such properties along with the estimated sale value of such property on near future. Now these cash flows are discounted using the capitalization rate, which help to determine what can be the value of hotel in future. The e stimated cash flows under this process are adjusted and then discounted in order to determine the value of the hotel. The methods which is used by the investors is very similar to that of income capitalisation approach because of which it is most commonly used approach for valuation. The cost approach of valuation of hotel business involves considering the current replacement value of the property which is adjusted with depreciation (Parrino et. al, 2012). Also the value of the land is then added to this net value of the property to have a total estimate. This cost approach is valuation is effective mostly in the cases of new properties. The old properties are prone to depreciation and improvements which make it difficult to determine the correct value. This method is given very less preference while valuing hotels since it requires a lot of estimates for depreciation which makes it unreliable (Davies Crawford, 2011). The sales comparison approach involves valuing the property usin g the recent sale value of a similar property. In order to determine a correct value, the sale value of this property is adjusted keeping in mind the similarities and dissimilarities among these properties. This approach is suitable for vacant lands, family homes or other properties where there is relatively less number of adjustments (Spiceland et. al, 2011). Whereas for more complex properties such as market buildings, shopping malls, etc; this approach loses its reliability. Within the income capitalisation approach there are two variants used to value hotels. One is an after tax model that provides estimates for investment value and the other is income capitalization approach used in valuation of hotels which are owned by publically traded lodging companies (Christensen, 2011). The former variant incorporates the tax rate in order to derive the net benefits derived from the hotel business, whereas the later, incorporates the concept of Economic value added. There are a lot of fa ctors which affect the value of a business. It is very difficult to incorporate all these factors while valuing the hotel. But income capitalization approach is the one which almost covers all these factors. Hence, providing the valuation officers a correct basis for valuation of hotel business (Graham Smart, 2012). Need to make adjustments before valuation While valuing a business by from of balance sheet one simply cannot rely on them to present the true value of business because they dont reflect the economic reality. They are based on mere assumptions, accounting principles and income tax regulations. The accounts may also include some transactions which are not recorded at correct amounts or certain adjustments have been made in them to meet requirements. Adjustments in the accounts of an entity are made before valuation so that reflect the economic reality. This adjustment procedure is known as normalization. Normalized accounts of an entity provide improved comparison to industrial statistics and other similar companies. They also provide a better picture of the companys earnings capacity, on which the business is valued. Here are few examples of adjustments and reasons for the same. Adjustments made in transactions entered into with related parties. The actual position is not reflected when it comes to the method of arms length. There are various transactions that need to be removed when determination of the business is being done. Certain expenses are not necessary and do not relate with the business and therefore the expenses needs to be eliminated. Accounting principles helps the financial statements in computing the estimates. It is immaterial that these expenses should be in tune to the actual estimation. Hence, it is vital that such uncertainty should be eliminated (Needles Powers, 2013). This is done by normalization of the financial statements. In order to eliminate the effect of non-recurring and sudden events and transactions from the financial statements, these adjustments are required. This helps the valuators to find the value the business correctly under normal circumstances (Brealey Myers, 2011). This helps to provide a value which is comparable with other entities working in the same industry under same circumstances. Critique of the profits methods Therefore we see that this hotel operates in the outskirts of the town and has increasing revenue every year. This year it reported having a profit of 300,000. This shows that there are no many competitors in the area and also the location of the hotel is good to attract customers. This hotel should be valued using income capitalization approach, as it would be the most suitable method of valuation for this type and nature of business. It is very necessary to value the business from time to time so that the investor can make an estimate of how his business has been performing. It helps the investor to know how much value has been created by his investments. While valuing an asset or business, the reason behind its valuation should be known. The method of valuation should be selected keeping in mind the users of this valuation report (Brealey Myers, 2011). The method which is best suitable for the situation should be applied. Hence, the valuator should apply due diligence also while carrying out the valuation process. References Albrecht, Steve, Stice, Earl and Stice, James, Financial accounting (Mason, OH: Thomson/South-Western, 2011) Brealey, Richard and Myers, Stewart, Principles of corporate finance (New York: McGraw-Hill/Irwin, 2011). Eugene, Brigham and Philip, Daves, Intermediate financial management (USA: Cengage, 2011) Christensen, John, Good analytical research, European Accounting Review, 20(1), 2011, 41-51 Davies, Tony and Crawford, Ian , Financial accounting (Harlow, England: Pearson, 2011) Graham, John. and Smart, Scott, Introduction to corporate finance (Australia: South-Western Cengage Learning, 2012) Needles, Belwert and Powers, Marian, Principles of Financial Accounting (Financial Accounting Series: Cengage Learning, 2013) Parrino, Robert, Kidwell, Davis. and Bates, Thomas, Fundamentals of corporate finance (Hoboken, NJ: Wiley, 2012) Spiceland, David., Thomas, Wayne. and Herrmann, Don, Financial accounting (New York: McGraw-Hill/Irwin,University Press, 2011) Williams, Nickles, Financial accounting (New York: McGraw-Hill/Irwin, 2012)