Monday, December 23, 2019

The Learning Goals For A Professional Nurse - 987 Words

The learning goals for this course incorporate a combination of personal fears and topics which are needed to improve my standing as a professional nurse. The first learning goal of this course is understanding the research process. This will be covered in module four of the course. The basic understanding of the framework of the research process is an important first step in deciphering the verbosity of research studies. Individuals attempting to research a problem and those reading and studying the research data must be able to determine the primary goal of the study to determine its relevance to the situation. Module four will provide the needed insight in the quest for achieving this learning goal. The second learning goal for this course centers on the subjects of qualitative and quantitative research. According to the Qualitative Research Consultants Association, qualitative research is defined as research â€Å"designed to reveal a target audience’s range of behavior and the perceptions that drive it with reference to specific topics or issues†(Qualitative Research Consultants Association, 2015, para 2). Conversely, quantitative research is defined as† any research based on something that can be accurately and precisely measured† (University of Wisconsin-Madison Ebling Library, 2016). The understanding of these terms and their place in nursing research will be required in the synthesis of data acquired through research. Modules that will address these topics are three andShow MoreRelatedGoals Of Professional Socialization785 Words   |  4 PagesProfessional socialization has four goals: (1) to learn the technology of the profession- the facts, ski lls, and theory, (2) to learn to internalize the professional culture, (3) to find a personally and professionally acceptable version of the role, and (4) to integrate this professional role into all of the other life roles (Masters, p. 174). In the first goal, it is our duty to stay in touch with advancing technology. This advancement allows more efficient and precise diagnostics. We are learningRead MoreEvaluation Of A Nursing Internship Experience Based On An Educational Program For Wound Assessment And Documentation1451 Words   |  6 Pagesoccurrences. Mastered prepared nurses play an important role in organizational performance and the delivery of quality patient care. This paper will describe and summarize graduate nursing practicum experience in developing an educational program for wound assessment and documentation. The nursing practicum is an opportunity for graduate nurse to apply theoretical knowledge and gain experience based on personal goals and learning objectives. It will also include practicum goals, objective, program effectivenessRead MoreProfessional Performance Standards Of Professional Nursing Practice895 Words   |  4 PagesThe Standards of Professional Nursing Practice Professional Performance Standard Leadership in Nursing Practice The American Nurses Association (ANA) established The Standards of Professional Nursing Practice (2010). The Standards of Professional Nursing Practice consist of Standards of Practice and Standards of Professional Performance. The standards serve as guidelines to define the profession of nursing and define the scope of practice for professional nurses. 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The skill of reflection is essential to the development of clinical knowledge and ability which allows the learner to consider personal and professional skills and identify needs for ongoing development (Levett-Jones et al, 2011). This reflection will allow me to analyse the goal of nursing patients with Multi-Resistant Organisms (MROs), I planned to learn and understand at the beginning of the course, evaluate my professional growth and obtain conclusionsRead MoreLifelong Learning Plan And Role Analysis Essay1199 Words   |  5 Pages Lifelong Learning Plan and Role Analysis Dimietris D. Thompson Sacred Heart University Lifelong Learning Plan and Role Analysis The Future of Nursing report of 2010 called for the increase in the number of bachelor-prepared nurses in the workforce to be at 80% by 2020 (American Association of Colleges of Nursing, 2015). The goal is to encourage nurses to achieve higher education and seek lifelong learning. Lifelong learning, however, goes beyond advanced degreesRead MoreProfessional Development Plan For An Advanced Practice Nurse Essay1136 Words   |  5 Pages Professional Development Plan Adetola Okutubo Walden University NURS 6001, Spring Qtr. 02/29-05/22-PT3, Foundations of Graduate Study April 3, 2016 Professional Development Plan In furtherance of a lifelong desire to become an advanced practice nurse, I herewith articulate my professional development plan (PDP) based on Walden University’s program of study (POS), in alignment with my personal and professional goals. I welcome this opportunity to begin the development of professional portfolioRead MoreProgram Of Study And The Professional Development Plan901 Words   |  4 PagesStudy and the Professional Development Plan The program of study I have selected is the Masters of Science in Nursing Education Bachelors of Science in Nursing (BSN) track. The purpose of this paper is to explain my choice and provide a depiction of my personal and professional background. I will also explain professional and personal goals related to the curriculum and the practicum. Educational and Professional Background I’ll commence by declaring I have always sought to be a nurse ever sinceRead MoreMy Nursing Philosophy : My Philosophy Of Nursing Practice1074 Words   |  5 Pagesalways adhere to professional standards, guidelines and professional codes of conduct. I have a commitment to quality of care through lifelong learning to advance my competence, as well as through engaging in research to generate new knowledge which sustains nursing as a profession. Learning plan Career development is recognised as the realisation of personal goals and interests in one’s career (Kuijpers, Schyns Scheerens 2006). Thus, planning for my career direction, setting goals and knowing myselfRead MoreThe Standards Of Professional Nursing Practice860 Words   |  4 Pages The American Nurses Association (ANA) established The Standards of Professional Nursing Practice (2010). The Standards of Professional Nursing Practice consists of Standards of Practice and Standards of Professional Performance. The standards serve as guidelines to define the profession of nursing and define the scope of practice for professional nurses. All standards presented in the The Standards of Professional Nursing Practice (2010) are essential for the nursing professional to function, legally

Sunday, December 15, 2019

UK Competitiveness Free Essays

More than 200 projects in rail, road, local transport, flood defenses, broadband, airport infrastructure and waste management are due to start construction in 2014 to 2015 alone. This has been undertaken to improve UK businesses ability to transport goods, to communicate and make the UK a more attractive place to set up a business or invest. UK companies may gain advantages due to these improvements in infrastructure that improve their competitiveness. We will write a custom essay sample on UK Competitiveness or any similar topic only for you Order Now On the other hand, investment in infrastructure is not cheap, huge sums of money has been dedicated to development projects and this money could have been spent elsewhere. The Investment In Infrastructure Is a good Idea, as It helps I-J firms become more efficient and can reduce costs, making them more nominative Increasing access to finance Is another measure that has been undertaken via the creation of the funding for lending scheme and the El ban business bank. The increased access to capital for business may lead to increased investment in improving technology, becoming more productive or growing in size. These can only help UK companies become more competitive on global markets and help increase their exports. This does encourage investment by businesses on growing and becoming more competitive but it also is not a guarantee that they will do so. Businesses may not see it as advantageous to invest at that time and may hold on to their money, having no positive effects on UK competitiveness. In addition an increased tax allowance leads to decreased tax receipts which reduces the governments income whilst is already running at a deficit and may mean it cannot spend money elsewhere. The government is undergoing the process of cutting corporation tax from 23% to 20% by 2015. This will make the UK a more attractive place to set up a business and encourages Investment Into the country. However It does mean that the UK will see reduced tax receipts which may reduce public pending as less money Is available and this will have a negative effect on competitiveness. Also, companies may decide not to invest money saved from business regulation involves removing two regulations whenever one new one is created and this helps business to develop and grow as there are fewer barriers to pass through to get things done. Also there is no cost to this policy which means that no money is taken away from other sectors or areas of spending. A negative effect of the policy is that too much deregulation could have severe negative effects on the economy, as seen by the crisis of 2008. Steps to improve the education system have begun via changes to the curriculum to promote mathematics and improve English skills, as well as improving training and increasing both the quality and the number of apprenticeships available to people in the I-J. These steps can help to improve competitiveness as if your workforce is more skilled then they will generally see a rise in productivity an increased likelihood of inward investment leading to higher efficiency. Business may develop new technology making them more competitive as result as a better educated workforce. However, there is a time lag, these measures ill take years to have an effect and may not be so desperately required in the future. Also the effect of labor costs may still mean the business invest or set up elsewhere, as cost overrides skill and this will not improve competitiveness. In conclusion, every measure has its downfalls but it is the way they are implemented and how they are regulated that decides their effectiveness. For example, investment in infrastructure cannot be set too high so that it drags from other areas and taxes should be cut to encourage investment and promote business growth but cut to a level that is beneficial for both business and the economy as a whole. How to cite UK Competitiveness, Papers

Saturday, December 7, 2019

Risk Taking Essay Example For Students

Risk Taking Essay Risk TakingIn our lives, it is important to exercise self-command. However, weshould not be so concerned with the future that we stifle the present. Thequestion becomes what balance should we strike between self-command and risks?What kinds of risks are acceptable or unacceptable? In this essay, we will usetwo examples of risks to show the distinction between the two and arrive at aconclusion as to the balance one should have between risk and self command. Thefirst example we will use is of a person who spends his life savings on alottery ticket and does not win the lottery. The second is of a person whospends his life savings on a hunch regarding a cure for AIDS, a hunch that isfalse. Before we make this distinction, however, it is necessary to define theterms acceptable and unacceptable risks. Acceptable and Unacceptable RisksThere are several ways in which one could define which risks areacceptable.One could say, for example, that the only acceptable risk is onefor which the odds of success are greater than the odds of failure. Anotherdefinition of acceptable risk might be a risk that does not harm ones future. We might also say that the only acceptable risk is one where the aggregatehappiness is increased, thus increasing the moral good of the risk, an ideawhich is based on John Stuart Mills Utilitarianism. Finally, we might define amorally good risk in a Kantian way by saying that the only acceptable risk isone which is rationally thought out (Thomas, lecture). Now that we have several definitions of acceptable risks, we may ask howthese definitions, which seem piecemeal and unrelated, can all combine to formone definition of acceptable risk.The best way to do this is to examine thetwo cases that lie before us and relate the definitions to them. In the processof doing so, we will determine which risk is acceptable and which is not. Risks in the example: the lottery and the AIDS cureIf the average person on the street were presented with the case ofspending ones life savings on a lottery ticket and losing or spending the samesum on a false hunch regarding an AIDS cure, he or she would probably come upwith several answers. For the most part though, all the answers would beconsistent with one idea: the AIDS cure is simply worth more and thus is amore acceptable risk. There might be several reasons for this. One couldassume, for example, that the only person who would attempt to cure AIDS wouldbe a doctor with sufficient experience in the field. It would follow, then,that the odds of finding a cure for AIDS would be much greater than the odds ofwinning the lottery. To win the lottery, one has to draw 6 numbers out of 46 (aprobability that is very low). However, curing AIDS with medical experience isa less risky endeavor.In this instance, trying to cure AIDS would be agreater moral good because it is less risk invol ved in it than in trying to winthe lottery. This case, although quite valid, is not very interesting. In fact,we have solved it rather rapidly. The more interesting case, and the one wewill consider in depth here, is the case in which one has no medical experiencewhatsoever, but still attempts to find a cure. Furthermore, we will set the oddssuch that one has a better chance of winning the lottery than finding a cure forAIDS.Yet, I will still show that, regardless of the greater chance of failure,the attempt at an AIDS cure is still has more moral worth than the purchase ofthe lottery ticket, even though both result in failure. .u5fcd377cb94f499646767a6b6f9c967b , .u5fcd377cb94f499646767a6b6f9c967b .postImageUrl , .u5fcd377cb94f499646767a6b6f9c967b .centered-text-area { min-height: 80px; position: relative; } .u5fcd377cb94f499646767a6b6f9c967b , .u5fcd377cb94f499646767a6b6f9c967b:hover , .u5fcd377cb94f499646767a6b6f9c967b:visited , .u5fcd377cb94f499646767a6b6f9c967b:active { border:0!important; } .u5fcd377cb94f499646767a6b6f9c967b .clearfix:after { content: ""; display: table; clear: both; } .u5fcd377cb94f499646767a6b6f9c967b { 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; } .u5fcd377cb94f499646767a6b6f9c967b:active , .u5fcd377cb94f499646767a6b6f9c967b:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u5fcd377cb94f499646767a6b6f9c967b .centered-text-area { width: 100%; position: relative ; } .u5fcd377cb94f499646767a6b6f9c967b .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u5fcd377cb94f499646767a6b6f9c967b .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u5fcd377cb94f499646767a6b6f9c967b .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; } .u5fcd377cb94f499646767a6b6f9c967b:hover .ctaButton { background-color: #34495E!important; } .u5fcd377cb94f499646767a6b6f9c967b .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u5fcd377cb94f499646767a6b6f9c967b .u5fcd377cb94f499646767a6b6f9c967b-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u5fcd377cb94f499646767a6b6f9c967b:after { content: ""; display: block; clear: both; } READ: Variable Cost and Unit Selling Price EssayWhy does the spending ones life savings on an AIDS cure have more moralworth (which makes it a more acceptable risk) than spending the same sum on alottery ticket, when the numerical odds of being successful are the same? Whybother, since in the end, the result is the same? The answer lies in Millsdefinition of a moral good, that which is done to increase the common happiness(Mill, Utilitarianism). The AIDS cure is something that will increase the commonhappiness, while a person winning the lottery generally will only increase hisor her happiness. This is almost obvious. Certainly, if I was to win thelottery,

Saturday, November 30, 2019

Project Proposal for Financing a Franchise Acquisition

Executive Summary This project proposal is presented to source for financing of opening of a Papa John’s franchise. The proposal includes a critical analysis of all the estimated costs, scheduling and justification. These costs are matched against the forecasted revenues from the projects over a five years period.Advertising We will write a custom proposal sample on Project Proposal for Financing a Franchise Acquisition specifically for you for only $16.05 $11/page Learn More The completion of acquisition of Papa John’s franchise will grant the franchisee the exclusive rights to operate the business of making and distributing pizzas under the Papa John’s franchise. The acquisition of this franchise will see the operations begin in less than a month. This is because the Papa John has an offer of up to $50,000.00 worth of free equipment upon acquisition of the franchise rights and signing of the agreement. The rest of the major costs w ill be leasing of a building which is readily available. Other operational costs are incurred once the business in running and these can be met by the working capital float. The process of acquiring the franchise rights will take up to a maximum of two weeks and operations can begin in a month’s time once the funds are availed and the materials and equipment are in the premises. The expected revenue of this business is $600,000.00 in the first year in the most optimistic scenario, $500,000.00 in the most probable scenario, and $400,000.00 in the most pessimistic scenario. The revenues are expected to grow at a rate of 10% per year for at least the next ten years. The fixed costs are predicted to be about $600,000.00 in the first year and then dropping to $200,000 per year for the next foreseeable future. The other variable costs are estimated to be about $100,000.00 per year afterwards. Having all this information, the proposal, therefore, seeks financing for the establishmen t of the restaurant franchise. Introduction This proposal is submitted with the intention of sourcing for the financing of the acquisition of Papa John’s franchise. Papa John’s Pizza is a restaurant that has been in the business of making and distributing pizzas for the last two and half decades. Making pizza from better ingredients has been Papa John’s commitment since the first day of the opening of the first restaurant.Advertising Looking for proposal on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This has resulted in one of the best quality pizzas in the world. The brand has consequently grown to be the favorite among many consumers. As such, Papa John is seeking to expand the brand presence to possibly all the countries of the world. This franchise is intended to be opened in a small town of Glenwood springs, Colorado. Currently, the town has no pizza outlet yet residents are great consumers of pizzas. The completion of this franchise acquisition will see the franchise acquiring the first mover advantage and take an estimated 90% of the pizza consumers in the city. This will go a long way in establishing a strong goodwill in among the town residents. Customer Deliverables Papa John’s pizza has a quality proposition to the customer: â€Å"making quality pizza using better ingredients.† This dedication to the quality of the product ensures that customers are attracted to the products of the company and subsequently, customer loyalty is gained. The customers can also expect a twenty four hour home delivery service. The customer is always the major focus in any profit making business. This is because the customer consumes the products and without the customer, no company would exist. This realization of the importance of customers has compelled Papa John to have a mission that is customer focused. The consumption of the pizzas from the restaurant will not only benefit the business owner but will also contribute to the social welfare of the Glenwood springs community. This is because the franchise has a â€Å"5% profit apportionment to the society† policy. This will, therefore, ensure that good external relations are created and maintained between the company and the community around it. Project Objective statement The main objective of this project is to open a Papa John’s franchise restaurant in Glenwood town, Colorado. This is aimed at capturing the consumer market in the town while delivering superior quality pizzas. The franchise will also offer employment opportunities for around one hundred people once it is fully operational. Since this will be the first pizza delivering restaurant in town, the revenues are estimated with a high degree of accuracy. A recent market study indicates that an opening of a pizza restaurant in the town would certainly be a viable business venture with a success degree of 95%. The financing of this project would therefore ensure that the opportunity available in the market is exploited.Advertising We will write a custom proposal sample on Project Proposal for Financing a Franchise Acquisition specifically for you for only $16.05 $11/page Learn More Franchise success criteria Papa John’s franchise restaurant, being a private profit motivated business will have its success measured on a number of scales. The most important success scale is having a positive Net Present Value after the first five years upon which the project financing is sought. Net Present value is a finance appraisal technique that discounts the future cash flows of a project (Don, Richard, Steve, John, 2002). If the Net Present value is more than zero, the project is acceptable and its chances of success are higher than when it has been below zero. The other success measure used to appraise the project is the projected revenues. The project needs to operate at leas t under the most probable scenario so as to ensure that the profits earned offset the costs incurred and having residual funds as profits. This is highly achieved by ensuring that operational measures put in place are adhered to as well as ensuring rigorous marketing activities. The other success criteria used is the controllability of costs. The costs to be incurred by the project ought to be estimated with a high degree of accuracy. This will ensure that the chances of contingent expenses are reduced. Costs play a major role in appraising the success of the project since the profits margins can be estimated with a high degree of certainty. As such, the estimated costs will offer insightful information about the success possibility of the business. The final success criteria used is the adaptability to the environment. A business usually operates under two environments: internal and external. The internal environment includes all the factors that contribute to the organization†™s service delivery. They include resources, both tangible and intangible, processes, structure and the organizational culture. The internal environment is important in formulating business strategy since it consists of factors that are controllable by the management. The external environment consists of those remote factors which are outside the control of the company.Advertising Looking for proposal on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More As such, the company must ensure it crafts its strategy that will ensure that it fits within the external environment (Geoff, 1996). Papa John’s restaurant will, therefore, be regarded successful in this regard if manages to take advantage of the opportunities presented while avoiding the threats that the environment presents. Capital cost Estimates The capital expenses for this project involves leasing building, equipments and other assets such as motor vehicles. The following table gives the breakdown of the fixed costs for the five years: Period lease equipment Motor vehicles Franchise fees totals year 1 300,000 100,000 150,000 50,000 600,000 year 2 100,000 50,000 25,000 25,000 200,000 year 3 100,000 50,000 25,000 25,000 200,000 year 4 100,000 50,000 25,000 25,000 200,000 year 5 100,000 50,000 25,000 25,000 200,000 Cost estimation techniques The cost estimation technique used in this project is the Method of Moments. This is a project costs estimation techn ique that expresses the different costs associated with the various cost items (Quentin Joel, 2010). The advantage of this method of estimation is that the total project costs are assumed to follow a normal distribution based on central limit theorem. The method is helpful in deriving the contingency from the normal distribution. This can be helpful in tracking the areas where costs were over incurred or under incurred (Quentin Joel, 2010). This is useful in the future funding of the projects. Using this cost estimation the following table analyses the different cost items as a percentage of the total costs. Fixed Costs percentage costs Lease 700000 26% Equipment 300000 11% Motor vehicles 250000 9% Others 150000 6% variable costs salaries 150000 6% costs of goods sold 1000000 37% Administration expenses 150000 6% total costs 2700000 100% Cost Analysis The above projects costs have been divided into two different classifications: fixed and varia ble costs. The fixed costs consist of lease, equipment, motor vehicle and contingent. The allocation of a total of $700,000 on lease for the five years comes from the need for premises that will not only host the restaurant but also the offices. The amount allocated for lease is 26% of the total project costs. This is a desirable fraction of the total costs since building of a new plant or purchasing a building would push the costs high. The lease requirements state that the first year the amount needed will be $300,000 which will fall to $ 100,000.00 per year for the next five years. Equipment takes up 11% of the total costs of the project. This is due to the various purchases of the new equipment for the restaurant in addition to the $ 50,000.00 worth of equipment given for free by the franchisor upon signing the agreement. The equipment costs are justifiable since the company recovers the full amount spent on capital expenses through the capital tax allowances while submitting th e income tax. Motor vehicles will be used as the premium means of transport for both the raw materials and the products. The initial costs will, therefore, be $150,000.00 and then drop to $25,000.00 per year for the next four years. An analysis of the variable costs indicates that the project’s variable costs majorly consist of salaries, cost of goods sold, and administrative expenses. These expenses are, therefore, justifiable since they are pegged on the projected output for the five years. The largest percentages of costs come from the cost of goods sold. This comes from the purchases and the support activities that bring the product to a consumable state. Cost Assumptions Cost assumption is an important aspect of any cost estimation report. It helps understand the rationale under which the costs were arrived at. Cost estimation also gives a clear interpretation of how the costs were arrived at during the preparation of the projects costs (Nicholas Herman, 2008). There ar e different cost assumptions that exist for different cost scenarios. The most common cost assumptions are that the costs always follow a linear format. This is an assumption that seeks to streamline the change in the costs over the different periods under which the project is to be appraised. In the Papa John’s restaurant franchise financing proposal, there are several cost assumptions that have led to the nature of cost estimates. The first assumption is that the costs will follow a linear distribution over the five years provided. This assumption typically means that over the next five years the costs are expected to remain unchanged. This assumption, however, has several limitations including the fact that in real practice, costs cannot be the same over different periods. This is because of the different market conditions that require firms to spend on the unseen up-comings. This weakness is, however, catered for by the provision of the contingency costs which come under others. The next cost assumption is that the fixed costs will remain the same for the different cost items over the five years. This assumption helps in having a consistent cash flow that can easily be appraised. This assumption is, therefore, a desirable assumption since it helps in having visual appraisal of the projects without having the need of doing extensive detailed report. There is an assumption that the salaries will remain constant over the next five years. This assumption, therefore, means that the employees will either receive constant pay for the five year period without the possibility of salaries additions or the work force may be reduced as the business gets less labor-intensive thus reducing the number of workers and increasing their pay. Project Appraisal Project appraisal is a financial activity that is carried to evaluate the feasibility of an intended project (Linn, 1981). The most common methods of project appraisals are the discounted cash flows methods which include the Net Present value (NPV), the IRR, and the profitability index. The method used in this case in the Net Present Value. This method is used in all three possible scenarios: the optimistic, the most probable and the pessimistic. Net present value (the most optimistic) Papa John Restaurant PERIOD CASH FLOW Investment cash outflow Revenues net cash flows Pvif 12% PV 0 400,000 -400,000 1 -400,000 1 460,000 600,000 140,000 0.8929 125,006 2 460,000 660,000 200,000 0.7972 159,440 3 460,000 726,000 266,000 0.7118 189,339 4 460,000 798,600 338,600 0.6355 215,180 5 460,000 878,460 418,460 0.5674 237,434 TOTAL 0 2,700,000 NPV 526,399 Here the Net present value of the project is positive and therefore the project acceptable. Net Present Value (most probable scenario) Papa John Restaurant PERIOD CASH FLOW Investment cash outflow Revenues net cash flows Pvif 12% PV 0 400,000 -400,000 1 -400,000 1 460,000 500,00 0 40,000 0.8929 35,716 2 460,000 550,000 90,000 0.7972 71,748 3 460,000 605,000 145,000 0.7118 103,211 4 460,000 665,500 205,500 0.6355 130,595 5 460,000 732,050 272,050 0.5674 154,361 TOTAL 0 2,700,000 NPV 95,631 The most probable scenario results in a positive NPV as well. This is, however, less than that of the most optimistic scenario. Net Present Value (the pessimistic scenario) Papa John Restaurant PERIOD CASH FLOW Investment cash outflow Revenues net cash flows Pvif 12% PV 0 400,000 -400,000 1 -400,000 1 460,000 400,000 -60,000 0.8929 -53,574 2 460,000 440,000 -20,000 0.7972 -15,944 3 460,000 484,000 24,000 0.7118 17,083 4 460,000 532,400 72,400 0.6355 46,010 5 460,000 585,640 125,640 0.5674 71,288 TOTAL 0 2,700,000 NPV -335,136 The scenario above shows the expected outcome if the franchise fails in the market. This shows a negative net present value of $ -335,136.00. This scenario shows that if t he expected revenues turn out as indicated, the project is not feasible. However, the project has a positive NPV from the most probable scenario and should, therefore, be considered for acceptance. In appraising the above project, the cost of capital is set at 12%. This is because it is the required rate of return that money lenders are willing to earn as return to their cash lent out or invested. This discounting rate has been used in all possible scenarios. Project Schedule The project is divided into two stages: the pre-take off stake and the business stage. The first stage indicates the resources and inputs needed to ensure that the restaurant starts up while the second stage shows the timelines set for the restaurant to become fully operational. WBS Code Milestone Start Date Finish Date 1.1.5 sourcing of financing 01/24/2012 02/06/2012 1.2.5 Application of franchise agreement 02/06/2012 02/08/2012 1.2.2.1.6 Business License application 02/08/2012 02/10/2012 1.2.2.2.4 Purchase of equipment 02/14/2012 02/18/2012 1.3.1.14 installation and testing 02/19/2012 02/19/2012 1.3.2.4 Employees recruitment 02/25/2012 02/29/2012 1.3.3.4 start of operations 03/01/2012 03/03/2012 References Don, D., Richard, I., Steve, H., John, H. (2002). Capital Budgeting: Financial Appraisal of Investment Projects. Cambridge: Cambridge University Press. Geoff, R. (1996). Programme Management Demystified: Managing Multiple Projects Successfully. London: E FN Spon. Linn, C. S. (1981). The Implementation of Project Management: The Professional’s Handbook. Los Angeles: Addison-Wesley. Nicholas, J. M., Herman, S. (2008). Project Management for Business, Engineering, and Technology Principles and Practice. Amsterdam: Elseivier Butterworth-Heinemann. Quentin, W. F., Joel, H. K. (2010). Earned Value Project Management. London: Project Management Insitute. This proposal on Project Proposal for Financing a Franchise Acquisition was written and submitted by user Barbara Abbott to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Tuesday, November 26, 2019

Debates Over Slavery essays

Debates Over Slavery essays In 1787, delegates arrived in Philadelphia to begin work on revising the Articles of Confederation. Most states agreed that the Articles had not provided the country with the type of guidelines that it needed to run smoothly. There were many things missing, and many issues that needed further consideration. One of the most controversial topics at the Constitutional Convention was figuring out the country's policy towards slavery. When all was said and done, slavery was still legal after the Convention because the southern economy depended on it and because most people decided that this was an issue that should be decided by each individual state, rather than the country as a whole. The issue of slavery was taken very seriously at the Convention, and there were many different sides to the issue that were debated. Although the southern state's economies depended on slaves immensely, the northern states believed that the US could not in good will allow slavery because of the moral repercussions that go along with it. The US was founded in the first place because they felt that they were their own country, a separate entity from England. Now, nearly seven years later they were going to sign a document that would give Americans the right to hold people against their will and force them to work for free. This seems like a large contradiction to everything the US stands for, especially since they had just earned their own freedom a few years ago. Luther Martin of Maryland brought up this point at the Convention by saying, "...it is inconsistent with the principles of the revolution and dishonorable to the American character to have such a feature in the Constit ution" (Peters 164). Many people viewed slavery as an economic issue, and not a moral issue at all. John Rutledge of South Carolina said, "Religion and humanity have nothing to do with this question. Interest alone is the governing principle with nations. The true questi...

Friday, November 22, 2019

Causes of American Revolution

The main point of the revolution was so that the American people can gain the respect and freedom that was rightfully theirs. The British were in high debt and decided that a fast and easy way to make revenue was by taxiing Americans and having them provide housing for British troops in America out of their own pocket. Some of the taxes put up against Americans were the sugar act of set higher duties ion sugar and lower on molasses. The tea act of 1773 which reduced the price of tea yet gave monopoly to companies in eastern India.Not all of the new laws from Britain were allowed one of which was the stamp act 1766 which placed a large variety of taxes on certain legal documents. Shortly after while British were facing a small depression they passed the town shed acts of 1767 which had placed taxes on everything from clothes to paper to tea. They American people were not very pleased with all of these new taxes. American citizens started protesting against British laws and doing whatever they could to not have to follow them.As Americans started rebelling against the British, battles were rising all over the nation. First was the rebellion in Boston, as we know the Boston tea party, where Americans snack onto ships and dumped many boxes of tea into the harbor. Now, around this time everyone could say that Americans had been irritated a great deal because they were being pushed around as if they were babies. They started circulating letters and newspapers on how what the British were doing was unfair and that something should be done, and something definitely was.Thomas had written and circulated a pamphlet titled common sense and provided a thoughtful set of reasons on why for our Independence. The next step was taken Into the hands of congress which ordered a committee to write a more formal document t on our reasons for Independence. Writers chosen were Benjamin Franklin; John Adams; Roger : and also had thoughts offered by Robert . Though the document was fully written by Thomas Jefferson everyones ideas were equally expressed shortly and explicitly.The British were not very happy with the Declaration of Independence, which eventually started the war. Through out the beginning of the war the British seemed to be winning until the battle of Saratoga where it had important results. The French now saw that the British were now trying to negotiate with Americans to return to the status of 1763(what they originally asked for). Yet the victory at Saratoga showed the French that Americans a chance of winning the war. Another Important battle was the battle of valley forge where about 2500 soldier side of poor clothing, starvation and disease.Shortly after American troops receives fighting, all of the deaths and all of the lands through all of that a small and new country known as united States of America fought to gain the respect and united colonies are, and of Right ought to be, FREE AND INDEPENDENT STATES. so in the end they showed that if you put your heart into something and pursue something you believe in than anything is possible no matter what, such as gaining independence from one of the strongest countries in the world.

Wednesday, November 20, 2019

Humanism and the Humanistic Essay Example | Topics and Well Written Essays - 500 words

Humanism and the Humanistic - Essay Example On the other hand, humanism and humanistic in art refer to art that places the study of human nature as its primary interest. Additionally, its ideals are often secular (they are not religious). Learning and art in the Middle Ages (3rd to the 13th centuries) was mainly centered on religion and the church. However, people became more secular at the onset of the 14th century. Thus, they started thinking less and less about God, religion, and the church. As such, they commenced thinking more and more about themselves, their daily lives and surroundings. The study of medieval and ancient Roman and Greek writings on the government, art, philosophy and scientific matters partly influenced the development of humanism. When people and scholars commenced studying these writings in the Renaissance period, their focus and interests shifted from the traditional fields of study such as medicine, law, and religion. They, therefore, became interested in scientific fields and areas such as the natural world, astronomy, biology, and science. Artists, musicians, composers and writers now started creating and designing their work with themes that were not religious. Furthermore, to focus on t hemselves and their lives, writers authored memoirs and autobiographies about themselves while artists routinely signed their work. The emergence and rise of humanism can be naturally viewed in paintings that were done by artists during the Renaissance period. In the middle ages, before the rise of humanism, artists used to employ a hieratic scale that made saints or religious figures appear larger than the non-religious figures. As humanism grew, artists started making less important or ordinary figures be the same size as the religious figures. Moreover, saints or holy figures started looking more like common/ordinary people. Humanistic art in the Renaissance forced saints and religious figures to

Tuesday, November 19, 2019

Book discussion Coursework Example | Topics and Well Written Essays - 1250 words

Book discussion - Coursework Example Another one was the theme of accountability. This theme has been able to express itself in different parts of the book. In the Bulls Eye organization, there were a number of managers, including John and Barb, who head different departments. Their boss, Nancy had some occasional meetings with them so as to review on their departments’ performances. Every manager was made accountable for the results his or her department was yielding to the organization. During some weekends, John has to report to his office so as to correct the bad job that was done by his team. All this is because he is the one made accountable for the results. There is the theme of togetherness that has clearly come out in the book. In the book, the author has nearly mentioned Ubuntu on a number of pages. Simon says, â€Å"It doesn’t make any difference if it was my work or someone else work. We are all into this as a department. I want to help, it is Ubuntu† (pg. 19). This is after the department lead by John, Simon is a member, had failed in meeting their levels of expected results of the organization. The theme has shown that indeed to have success in a group, then you must have collaboration and team work. Most of the story took place in the USA, particularly in Chicago. This is evident in the book when the author says, â€Å"Twenty miles outside of Chicago, at a small†¦Ã¢â‚¬  (pg. 12). In this particular text, the author was describing the coffee shop where Alexandra and Steve went to take some coffee. Major part of the story in this book, especially chapter one takes place at the premises or offices of BullsEye organization. The majority of the characters in this story is having their origins in the USA, in fact, they are all citizens of The United States. We only have Simon, who was born in South Africa during the Apartheid system though he is an

Saturday, November 16, 2019

Tomorrow When the War Began Essay Example for Free

Tomorrow When the War Began Essay GamesEntertainmentLifestyleLog in Username Password Forgot your password? Stay logged in Or Connect Sign up Tomorrow When the War Began Wiki On the Wiki Wiki Activity Random page New Photos Community Contribute Share WatchlistRandom pageRecent changes Robyn Mathers Edit Comments0 42PAGES ON THIS WIKI Robyn Mathers Gender: Female Age: 17? at time of death Martial Status: Single Religious Beliefs: Christianity Status: Dead Added by Rachelrose411 Robyn is a religious girl with integrity. She died to save her friends near the end of the third book in the series. Robyn Mathers was a girl who was very true to her religious beliefs and was moral and kind. She followed rules and was well behaved. She did not want to kill anybody in the war but after a while accepted that it was the only way to survive, showing her bravery. Near the end of the third book, (The Third Day, The Frost), Major Harvey catches his prisoners (Ellie, Robyn, Fiona, Lee, Kevin and Homer) trying to run away from his prison. He holds a gun to Robyns head and tells the others to get down or he will shoot her. However, Robyn is holding a grenade under her shirt and blows herself and Major Harvey up to save her friends. Add category Showing 0 most recent 0 comments Anonymous User Log in? Advertisement See all photos See all photos ;gt; Recent Wiki Activity Kevin Holmes edited by Rachelrose411 6 days ago Corrie McKenzie edited by Rachelrose411 6 days ago Ellie Linton edited by A Wikia contributor Robyn Mathers edited by Rachelrose411 See more ;gt; Around Wikias networkRandom Wiki AboutCommunity CentralCareersAdvertiseAPIContact WikiaTerms of UsePrivacy Policy Content is available under CC-BY-SA. Did you miss our recent webinar on main pages? Watch a recording of it now. Movie TrailersFall TV [emailprotected]

Thursday, November 14, 2019

Inclusive Infinity and Radical Particularity: Hartshorne, Hegel and Nis

Inclusive Infinity and Radical Particularity: Hartshorne, Hegel and Nishida ABSTRACT: God, or in Nishida’s case Buddha-nature, is frequently conceptualized as relating to the world by including it within the Infinite. Particular elements within the world are not seen as existing in absolute differentiation or total negation from Spirit, God, or Absolute Non-Being. The Many are not excluded but are, on the contrary, included within the One. The logic by which the One includes the Many is a logic of manifold unity, or, as Hegel quite confidently puts it, true infinity as opposed to spurious infinity. I will argue that such a logic of inclusive infinity is operative in Hartshorne, Hegel and Nishida. Each uses different terminology and writes with different systemic emphases, but as applied to God or the Ultimate, the function and consequences of the logic of inclusivity are strikingly similar for all three philosophers. Although infinite inclusivity provides a way of unifying the chaotic diversity of existence into a rational totality, there are central questions that have remained unanswered in the three metaphysicians. Primary among them is the question that sums up within itself many of the others: the problem of radical particularity. The particular elements of the world which are claimed to be included within the parameters of the Ultimate are just that: particular fragments of reality. I argue that their particular nature makes it impossible for the Infinite to incorporate them within its purview without raising serious difficulties. God, or in Nishida's case Buddha-nature, is frequently conceptualized as relating to the world by including it within the Infinite. Particular elements within the world are not seen as ex... ...oblem of including evil but of including within God's essence contradictory experiences such as joy and sorrow, pain and pleasure at the same time. Is it really possible that the Ultimate fully experience each element it contains even when there are a myriad number of elements of the opposite type? Yet the problem of radical particularity is even deeper. It is not just a matter of including evil, nor of including contradictory experiences, but of including any finite experience within the Ultimate. The Infinite cannot become finite because finite things are finite. I will concede that there may be a metaphysical solution to the problem of radical particularity that may have eluded the present analysis. I have not proven that inclusive Infinity is impossible, merely that there is a significant problem with its conceptualization that has not been adequately addressed.

Monday, November 11, 2019

Differnent types of document creating software Essay

Layering – when within the same file you place images stacked on top of each other   Template- a standard document with pre-set layouts and formats.   Justification – adding extra spaces to text to align the edges so that the lines begin / end at the same place on a page . You can left / right / centre / fully justified   Orientation – which way the page is orientated – landscape or portrait   Wizard- a user interface which presents the user with a sequence of dialogue boxes which guide the user through the task .   Font style- a set of printable /displayable text character/s in a specific style and size. Footer – an area set aside at the bottom of each page   Mail merge – a word processing feature that allows users to personalise letters with names/addresses from a database   Web-authoring software – a web authoring package that is designed to allow you to create web pages and web sites   Resizing – alter the size of an image   Rotating – moving   Shearing – putting two images together to make an optical illusion Cropping – removing parts you don’t want Editing- changing or correcting 5 features of a PPT that could NOT be used in a written report 1. Audio 2. Images. 3. Sound 4. Colours 5. Animations Spell check is used to highlight incorrect spellings so they can be corrected . Compares words entered with words in a dictionary. After spell check the documents like needs to be proof-read because even if the spellings are right , the sentence may not make sense. 3 features of web authoring software you could use to create a website   Creating headings and subheadings   Inserting links Views – standard (similar to word processor screen) , code view (HTML) , Split view (Both views) Ways to transfer images from a database to a website: Copy and pasting   Importing CAD – stands for Computer aided design . It is the use of technology for designs . It is usually used by architects . Buildings can be designed using it. CAD advantages:   You can be more accurate than hand drawing   You can save/ edit ideas so it’s easier/cheaper to modify   You can edit existing ideas which saves time. Describe 3 features of DTP software that could be used when designing a leaflet: 1. Text- can be styled using fonts and colours 2. Background colours- can be changed for blocks of text/images. 3. Page layout templates- each page can have the same layout. Describe 3 features of a website that enable customers to purchase goods online: There’s a shopping cart where you can add all your items and there’s a total sum   There’s an option to set up an account this is so returning customers do not need to re-enter information   Between the retailers website and the bank the payment is made , the data is encrypted. Describe 5 features of word-processing software you might use to make the information clearer   text wrapping – the text can be arranged an image so it’s easier to read. Bold   Italics   Underlining text   Colours Web 2. 0 – is the point at which the Internet became truly interactive, with users becoming the most important component of many sites. This benefits as they are able to get Greater knowledge and better marketing. Applications that use this are RSS and Twitter. Describe how you can use ICT to create and use charts when presenting data from a spreadsheet. You can enter all your information into an excel document with all the headings along the top and the information in rows below. Then you select all the cells containing information and go to â€Å"insert† and then select the chart you want. Once the chart has been added in you can go to â€Å"chart design† and modify the chart . What is the most suitable type of software for each of these task:   Write a letter to customers – word processing software   Create a leaflet about tennis lessons- DTP   Create a web page that allows customers to place orders online- Web Authoring Software   Editing digital images – graphics software   Storing student’s details- Data handling software Present information to sales staff – presentation software   Produce a mail-merged series of letters – Database CAM- Computer aided design is a software used by engineers and architects to control machine tools in the manufacturing of work pieces. You can create a precise drawing on CAD and then make that 2D design physical by using CAM to make the object. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Communications section.

Saturday, November 9, 2019

Namesake: Nikolai Gogol and Gogol S Circumstance Essay

The Namesake has a connection to belonging as if deals with the disconnection of the Ganguli’s. The theme of alienation and the search for belonging between the two cultures is represented through the shifts between the two countries; where Ashoke and Ashima move to America growing their children up in an American society but teaching them Bengali traditions. Lahiri uses techniques such as symbols to illustrate the sense of belonging and not belonging. Throughout the novel, the composer of the namesake illustrates an aspect of belonging through the technique symbolism. Lahiri uses the motif of cooking and the symbol of the namesake, to create the sense of belonging and not belonging. Names are closely linked to identity and can help or hinder a sense of belonging. However in Gogol’s circumstance he struggles to fit in both the America society and his Bengali home as he feels his name does not belong in either culture. On page 100 we see Gogol’s frustration with his name, â€Å"the only person who didn’t take Gogol seriously, the only person who tormented him.. was Gogol.. † Here the author has demonstrated to the reader that nobody else judges him for his name, yet he feels that he does not belong. This reflects Gogol’s insecurity with his name making him feel out of place in both cultures. Resulting to him changing his name in order to belong in his American society rather than his home culture. The ongoing contrast between the two cultures, connect to a sense of belonging. As it shows the differences between where Gogol and Ashima feel comfortable to where they belong. Ashima never feels like she totally belongs in America and on page 1 she wants to prepare an Indian traditional meal with American ingredients which is unsuccessful. But by the end on page 274 she is cooking her last feast which she has become renowned for. Lahiri presents the symbol of food as Ashima’s bicultural belgonging. `Where as Gogol feels as if he doesn’t belong with his Indian culture and their eating ways. On page 133 Gogol Is having dinner with Maxine’s family and he is comparing her family ways to his, the Bengali feasts to Lydia and Gerald’s eating habits. Which represents where he is most comfortable with and that is in the American ways. In conclusion Lahiri uses the technique of symbols and motifs to interpret the different aspects of belonging, and the search for the belonging between two countries.

Thursday, November 7, 2019

Vibram Five-Fingers Barefoot Shoes Review

Vibram Five-Fingers Barefoot Shoes Review The Vibram FiveFingers shoes take on a tricky challenge. Body mechanics can get quite complicated. Especially when it all starts with your feet. The Vibram FiveFingers shoes are a minimalist or barefoot shoe that improves your body mechanics by letting your foot work the way it should and not the way it does in a shoe. The result is a great ergonomic advantage with improved balance, agility and grip. They may look funky but they are awesome. Why Is it Different? The Vibram FiveFingers are a barefoot shoe. That is they try to mimic going barefoot while providing the protection of a shoe sole. They differ from other barefoot or minimalist shoes by giving you individual toe pockets. So you not only have a thin, responsive sole that lets you feel the ground beneath you, but you also have the use of your toes. That may not seem like much, but youd be amazed at how much your pinkie toe can do if you let it. There is a larger debate going on on whether shoes are ergonomic or healthy. There is a lot of evidence to support both sides. But Ive seen what this argument can do to your pinkie toe. Dont take it out on the pinkie toe. The problem with most shoes is that they push your outer toes in. So your pinkie toe is almost never used. It may be small but it can do a lot. The Vibram FiveFingers not only let you use your pinkie toe, but they kind of force you to. By spreading out your toes, the Vibram FiveFingers give you greater control at your base. This translates to better balance, agility and body control. It can also lead to improved posture and less hip, back and shoulder pain if you suffer from those. TO make things even better the Vibram FiveFingers are topped (or bottomed) with the legendary Vibram rubber sole perfected for rock climbing and other such activities. This means the shoes fit your foot like a second skin and have an incredible grip. It is almost like having gecko feet. Does it Deliver? These shoes deliver everything they promise. It takes very little time to get used to wearing them. And once you start you might find it hard to stop. Your body mechanics will improve. And with that so may your health and confidence. Not bad for a pair of shoes. Beneficiaries The Vibram FiveFingers shoes can benefit anyone who has learned to walk upright on two feet. Others who can benefit from this ergonomic shoe are: Runners/WalkersSwimmersFishermen/womenAcrobatsHomo Sapiens Summary The Vibram FiveFingers shoes are ingenious, well built and a phenomenal personal ergonomic enhancement. They improve your body mechanics at the starting point, your feet. And everything benefits because of that. Balance, agility and body control are all enhanced. Your hips and spine have better alignment and your heel strike (a major cause of back pain) is better. The Vibram sole on the FiveFingers is incredibly responsive and provides an unbelievable sure-footedness. The Vibram FiveFingers are available with as an open top slip on, an open top with straps, a mesh top with straps and a neoprene (wetsuit material) with straps giving you an option for almost any activity. No snow skiing model yet. Getting into them the first few times is a little difficult, but you quickly learn. Keep in mind that the Vibram FiveFingers do not offer much protection on the top. The sole is tough and as puncture resistant as any sole. But there is not much on the top the protect your foot. But it is more than actually walking barefoot.

Monday, November 4, 2019

Advertising and Promotion Strategies for Small and Medium Enterprises Assignment

Advertising and Promotion Strategies for Small and Medium Enterprises - Assignment Example From this paper it is clear that European definition tells small and medium-sized enterprises (SMEs) employ lesser than 250 persons. That enterprise must have an annual turnover not more than 50 million euro. The annual balance sheet must not be more than 43 million euro. Size can be slightly differs in terms of numbers of employee in different countries. In case of Germany Small and medium enterprises can have maximum up to 255 numbers of employees. In the case of Belgium that number differs. It is 100 employees can have maximum. In India a small enterprise is an enterprise where the lowest level of investment in plant and machinery must be more than Rs. 25 lakh but must not greater than Rs. 5 crore. In India a medium enterprise must have an investment more than 5 crore and less than 10 crore. This study declares that the SMEs in Poland contributes almost 50% of their GDP. In the year 2011 small companies 7.7%, and medium companies 10.4%. SME’s contribution to polish national GDP is very much competitive with large scale industry. In UK there are almost 4.8m SMEs. This SME’s are generating 60 per cent of the total employment. This sector is contributing 50 per cent of total GDP. This sector is contributing same as UK i.e. 50% of the total German GDP. The contribution of SME’s in French GDP is almost 44%. It is a sector which contributes large portion of every country GDP. Advertising is a form of marketing communication used to persuade, encourage and manipulate a bunch of listeners, viewers or readers sometimes or a specific group to take some purchase related or continue to take up some activities. Advertising can be defined as paid, one-way marketing information persuading from an identified sponsor distributed through different channels of mass communication to promote goods, services or ideas.

Saturday, November 2, 2019

Fashion Promotion - Dior Essay Example | Topics and Well Written Essays - 3500 words

Fashion Promotion - Dior - Essay Example The paper "Fashion Promotion" analyzes the channels and ways that brands, such as Dior, use in their promotion. The existing communication channels used by Dior have been thoroughly studied and also additional recommendation to improve the existing channels and introduce newer ways has also been included in the study. It was found that Dior is very restrictive in selecting its communication channels, so as to maintain the luxurious brand image of the company. Conservative communication channels are utilised by all the luxury product companies, but Dior could utilise a few other channels too to increase its brand recognition without hampering its highly sophisticated and luxurious brand image. Dior is a luxury retail brand based in France. The company is named after the founder of the company Christian Dior. Dior mainly deals in clothing, accessories, perfumes, beauty products and also timepieces. Nowadays, women buy perfume according their personality, so Christian Dior also makes pe rfumes to suit the different personality traits of women around the world. The company mainly targets a niche customer group, such as people from the wealthy class and also the high income groups. Since the global recession or economic depression does not really affect the purchasing power of luxury consumers, so Dior has not felt the sharp punch of economic slowdown. The strategy of the company is to focus on their product range and infuse creativity and innovation, for offering luxury goods to the customers. The brand generates about 13 percent of its revenue from Perfume and cosmetic segment, as stated in figure 1. In this study we would be focusing on the perfumes segment of Christian Dior. Figure 1 Source: (Christian Dior Group, 2012). Dior Story As we already know Dior is named after the famous fashion designer, Christian Dior, who introduced a new trend of fashion in Europe. He focused on the curvy shape of a female figure and designed his dresses accordingly. Christian Dior had worked under several famous fashion designers and in famous fashion houses before floating his own fashion house. Dior started as a fashion house which focused mainly on clothing for women and also men. The new fashion trend was a major hit in Europe and women in Europe liked and accepted the new trend with open arms. The company then launched its first fragrance under its subsidiary company Parfums Dior in the year 1947. It was named as Miss Dior, after the name of Christian Dior’s sister Catherine. Christian Dior passed away in 1957, but the brand name Dior has become famous around the world. Dior has become a synonym for luxury, elegance, beauty, fashion, and beautiful fragrance. It is one of the oldest perfume houses in the world and has about 135 fragrance base. Dior perfumes are made using these fragrance bases. Christian Dior’s revenue tripled since 1998. The company was bought by Louis Vuitton Moet Hennessy (LVMH) Group in the year 1987. Since then the LVMH group