Changes in Homosexual Identity and Christianity Term Paper

Changes in Homosexual Identity and Christianity - Term Paper Example This paper will look at various methods that are related to homosexuality in Christian counseling. The concept will begin with looking at traditional viewpoints and how these have altered in the current time frame, specifically with the integration of psychology and biological factors related to homosexuality. This will be combined with the diversity that is growing in the community which is pushing Christian churches to re-examine their beliefs about homosexuality. There will then be an examination of the main methods that are being used by Christian counselors to assist those who are facing the identity of homosexuality, specifically with perspectives that relate to the responses and assistance which is given. The paper will also examine alternative perspectives that relate to this, specifically which pertain to the environment which one is in, social status of homosexuality in the church and the changes which are being made. An examination of the limitations and potential of Chris tian counseling for homosexuality will also be looked into, specifically to provide a well – rounded perspective about homosexuality and how it currently is linked to growth and development in the church and for Christian counseling. The initial reaction from most Christian branches was based on the rejection of homosexuality. Many believed that the concept of being gay or lesbian was also one which rejected higher spirituality and religion and which didn’t provide integration into the main associations with religion. However, many current changes are beginning to be approached, specifically with the understanding that there are newer problems and types of social groups which are also Christian. Without approaching individuals that are in this specific area, there is the inability to create a difference in one’s life while providing an examination of deeper spirituality. This main problem has led to new ideals in Christianity, specifically by examining the psychological perspective and how it relates to Christianity. It is from this main attribute of combining both experiences that many Christian counselors have been able to find a new perspective to homosexuality and the way in which it should be looked into within society (Stevenson, 2007). The changes with counseling which occurred were not only based on the ideology that spirituality and psychology both related to the other. There were also many who began to discover that there was more to homosexuality than being of a higher or lower s pirituality. There were many churches which began to find that gay and lesbian individuals would regularly come to the church and were not condemned from the practice of spirituality because of the altered lifestyle. Other denominations began to find and discover the biological processes, scientific explanations and other ideologies from the psychology of an individual were associated with the practice of homosexuality. These several new

The Various Legal Aspects Associated with the Warwickshire College Essay

The Various Legal Aspects Associated with the Warwickshire College - Essay Example The college as a whole has been formed as a result of the merger of few other colleges and was established in the year1996. In the backdrop of this, the essay intends to produce an informal report considering the legal aspects of Warwickshire College. Discussion This section generally describes the type of legal status that gets associated with a firm or even an educational organization depended on its types. Since property ownership can be of multiple types and thus the associated legal aspects also vary accordingly. Examples of ownership model include government ownership, cooperative ownership, private ownership, public ownership, collective ownership and other types of ownership. Warwickshire College is an autonomous Corporation with exempt charity status incorporated under the Further and Higher Education Act 1992 (Warwickshire College, n.d.). Additively, the college corporation appears to be made up of the membership of the local community business, stakeholder partners, local authorities and the staff-student members. This organization also abides by the general ‘employment’, ‘diversity’, ‘equality’, ‘health’ and ‘safety’ laws as established by the UK government. Depending on these health and safety principles, the college provides a clean and safe environment for the students and the employees to work. The pricing policy in context to this college generally refers to its fee structure. Concerning fee structure, the college demands a full payment of the course fee before it issues the Visa letter to its students. In certain cases where college fails to issue the Visa letter to students, it provides a complete refund of the submitted course fee to the student after deduction of certain percentage as administrative charges. This refunding process needs to be carried out within three months from the date of refusal of the visa. The variation within the yearly course fee completely depends on t he decision of the college.

Challenges in College Recruiting Essay Example | Topics and Well Written Essays - 1750 words

Challenges in College Recruiting - Essay Example This aspect at times has resulted in use of illegal methods to recruit athletes (Howard, 2010). NCAA is one of the well-organized associations, which is utilized in preparing varied types of athletic programmes for numerous colleges (Keene & Wharton, 2011). It attracts various skilled and unskilled athletes, resulting in attainment of desired success in intercollegiate athletic programs. It helps in amplification of the corporate image and identity of the college among other renowned institutions in the region. However, unfortunately, in this era of modernization, the procedure of recruitment acts as a condemnation for the young athletes, which needs to be stopped by the higher authorities (Howard, 2010). The objective of the paper is to identify and to highlight the aspect of illegal recruitment of athletes within the intercollegiate team of sports. It also includes a brief introduction about the recruitment procedures of the athletes. Moreover, it also discusses varied illegal processes of recruitment by the authorities of sports department. In addition, it also embraces the aspect of paying high salary to the high profile athletes as compared to others. Along with these, the negative impact of obtaining high compensation payers over the society is also described in this assignment. The requisite features, which can attract the best athletes into the sports college teams, resulting in augmentation of the image of the university among other reputed institutions in the region, have also been taken into consideration. In recent era of modernization and industrialization, college sports have expanded as a multi-dollar industry due to the evolution and development of a number of sports institutions. However, the illegal procedures employed in recruitment have created a huge impact over the high school athletic

The Las Vegas Hotel And Casino Industry Tourism Essay

The Las Vegas Hotel And Casino Industry Tourism Essay Commercial Casino Industry has been occurring in United States over 75 years since Nevada legalizing it. When Chef Wolfgang initiated to out fine dining restaurant in commercial casino, this is the beginning of food and beverage revolution in industry in 1992. In 1995, American Gaming Association was created. MGM Mirage acquired Mandalay Resort Group, Harrahs Entertainment Inc. and Caesar Entertainment in 2005 and the commercial casino industry started booming and other states started legalize opening casinos since then. The international gaming industry is expanding. Many U.S. casino companies expanded or planned to expand to other countries such as Macao, Korea, Taiwan and Singapore. The international casino industry tends to have rapidly growth as gross gaming revenue in Macao has been more than gross gaming revenue in Las Vegas strip since 2006. Know your enemy and know yourself, and in a hundred battles you will never be defeated. (Sun Tzus The Art of War Writings). This Chinese wisdom of warfare probably helps companies deploy a better strategy in many business situations. The MGM Mirage Inc. is the largest company in the Hotel and Casio industry by revenue in the U.S., but MGM financial statement showed that company bottom-line in debt. The company was facing bankruptcy code in the early 2010. In this project, the report had been organized and presented MGM Mirage Inc. or MGM Resorts International in 4W framework: (1) Who are we? (Company profile, Hotel and Casino industry profile), (2) Where are we? (Sophisticated tools in Management, Technology, Marketing, Financial and Accounting were used to analyze the company position with competitor in the industry.), (3)What are problems? (SWOT analysis) and (4) What are solutions? Who are we? : Know yourself MGM History The Beginning of Las Vegas Race: 2005: MGM Merged Mandalay Bay Group. MGM Profile in 2009 Organization Structure Company Strategy The MGM Mirage Inc. strategy is to generate sustainable, profitable growth by creating and maintaining competitive advantages and through the execution of our business plan, which is focused on: Owning, developing, operating and strategically investing in a strong portfolio of resorts; Operating our resorts in a manner that emphasizes the delivery of excellent customer service with the goal of maximizing revenue and profit; and Leveraging our strong brands and taking advantage of significant management experience and expertise. (Source: MGM Mirage 2010 Form 10-K) Current Operation As of 2009, the MGM Mirage reported that the company has completed control of 14 casino resorts and hold 50% of investment in 5 casino resorts. In addition, the MGM Mirage also owned 3 golf courses in Las Vegas, Mississippi and California.(Source: MGM Mirage 2010 Form 10-K) Casio Resort ( Completely owned) Nevada MGM Grand Las Vegas Mandalay Bay The Mirage Excalibur Monte Carlo Railroad Pass, Henderson Gold Strike, Jean Luxor Bellagio New York New York Circus Circus Las Vegas Other MGM Grand Detroit Beau Rivage , Biloxi, Mississippi Gold Strike Tunica ,Mississippi Casio Resort ( hold 50% in stock) Nevada City Center (Joint Venture with Dubai World) Circus Circus Reno Siler Legacy Other Borgata, Atlantic City, NJ Gran Victoia , Elgin, IL MGM Grand Macau, China Industry Analysis Industry Analysis process is an essential assessment tools for every company to deeply understand industry current trends and opportunities. In fact, company will gain a better position and achieve a competitive advantage when it truly understanding marketplace. In the complex marketplace, the U.S. government is categorized industry with 4-digits Standard Industrial Classification (SIC) system. In addition to SIC, the North American Industry Classification System (NAICS) is a new standard for the industry. The NAICS with 6-digits code contains more details than the SIC system. The purpose of SIC and NAICS are economy analysis. The MGM Mirage Inc. has been classified with SIC into three major categories: Hotels and Motels (SIC 7011), Coin-Operated Amusement Devices (SIC 7993) and Amusement and Recreation Services, Not Elsewhere Classified (SIC 7999). In addition, the MGM Mirage inc. also has been classified with NAICS into two categories: All Other Amusement and Recreation Industries and Hotels (except Casino Hotels) (713990) and Motels (721110). To thoroughly understand MGM Mirage Inc. marketplace, the hotel industry and casino industry had been analyzed. Hotels and Motels Industry (SIC 7011) The U.S. government defined a company in Hotels and Motels Industry as Commercial establishments, known to the public as hotels, motor hotels, motels, or tourist courts, primarily engaged in providing lodging, or lodging and meals, for the general public. Hotels which are operated by membership organizations and open to the general public are included in this industry. Hotels operated by organizations for their members only are classified in Industry 7041. Apartment hotels are classified in Real Estate, Industry 6513; rooming and boarding houses are classified in Industry 7021; and sporting and recreational camps are classified in Industry 7032. Recession impacts hotel industry In May 2010, Standard Poors industry report stated the hotel industry is still in an unstable condition. The industry will require a longer period to recover from the 2008 recession. Currently, the industry is operating in a difficult situation. The hotel industry is facing drastic competition that forces hotel businesses to lower room rates, which in turn results in lower profit. Figure 1: Hotel Industry Fact Sheet 2001 Forecast 2011 The data from Smith Travel Research (STR) Inc. indicated that on average the hotel industry has lost its Revenue Per Available Room (RevPAR) since 2008. The 2008 recession has also brought the hotel occupancy rate down from 60% to 55%. In addition, average daily roommate also dropped significantly 8.8% in 2009. Moreover, room demand dropped 6% in 2009. In contrast, the supply of rooms rose 3.2% in 2009 (refer to figure1). While the U.S. government is making their way out from 2008 recession, SPs forecasted that the hotel industry will not return to the same pre-recession level for the next eight to ten years. Figure 2: Percent Change in Room Supply and Demand in the U.S. from 1989 April 2009 Real GDP helps the hotel industry in predicting room demand In the hotel industry, a high accuracy in room demand elasticity estimation provides CEO with essential information for a long term planning and deploying strategies. In 2009, the research by Dr. Hanson from Global Hospitality Group Hospitality Lawyers shows approximately a 1-to-1 relationship that holds between the U.S. Real GDP and room demand until the 2001 economic crisis. The real Gross Domestic Product (GDP) is the total output of goods and services produced in a country and adjusted for priced change. The demand is more elastic when the greater the proportion of income spent on the good. After the 2001 recession, the demand retract and continue to grow in a slower pace when compare with the real GDP. The GDP is increasing 4 times faster than the room demand does. The 5 factors that researcher believes that might have an influence GDP and room demand relationship are: Long-term deterioration in consumer confidence, Higher consumer saving rate, consumers trying to recover lost investment, new pattern of behavior and proposed levels of tax increase affecting disposable income. Moreover, in the 2008 recession, the researcher also believes that the recession might create an additional snap back for room demand. Figure 3: The relationship between GDP and Room Demand U.S. Business and group travel The hotel industry profitability can be influenced by a demand from business travel. According to a member survey, the Association of Corporate Travel Executives (ACTE) reports hotel expense represents, on average, 40% of all business travel expense. In addition, American Express stated that airfare will increase from 2% to 10% in 2011, and hotel rates will increase 1% to 10% (Paurowski, 2010). The survey also indicated that 35% of its member strongly considered optimizing hotel expense in 2011 and 50% of its member expressed concern regard increasing in expenses. Passenger Name Record (PNR) in Computer Reservation System (CRS) showed that cooperate travelers have shifted booking methods from Travel Management Companies (TMCs) to Online Travel Agency (OTA). In fact, 30% of its members stated that online hotel rates offered are lower than negotiated rates. The complementary items that are preferred by the majority corporate travelers are: complementary cocktails, free WiFi-internet ac cess and comfort. In conclusion, the demand for business and group travel will likely be for cheaper rooms at lower rates with free complementary. (Michael Boult, 2010). Domestic and international travelers Shifts in airline schedules and passenger booking have a direct impact on hotel occupancy. According to the data from Air Transport Association (ATA) 2010 annual report, the static in figure 3 shows that domestic capacity had a declining trend since 2000, and the data also showed that passenger enplaned has dropped significantly from 743 million passengers in 2008 to 703 million in 2009 reflecting a 5.3% decrease of airline industry capacity. In fact, profit margin in the airline industry has been on the negative side. Airliners cut back routes and canceled destinations. For international travelers, The U.S. Department of Commerce (DOC) and Office of Travel and Tourism Industries (OTTI) expect the industry growth in 2010 and gradual increase to approximately 6-9% through 2015. Five countries, excluding Canada and Mexico, that rank highest in number of visitors to the U.S. in 2010 by volume are: China (40%), Brazil (35%), Korea (35%), Hong Kong (27%), New Zealand (24%) and Australia (19%). A weakening in U.S. currency helps the hotel industry by stimulating the demand from international travelers. Figure 3: Domestic Demand Trend, Profitability among Airline, Passenger Yield Trend Medical tourism -a little hope for the hotel industry In the economic downturn, hotel industry needs a stimulant plan to boot-up its occupancy rate. In 2009, Reuters Health section provided some interesting facts about medical tourism in the U.S. The report indicated that U.S. health providers have lost 650,000 patients to hospital oversea such as Thailand, India, and Singapore. In addition, the health providers are predicted to lose as much as $67.7 billion in revenue in 2010. Oscar Goodman, Mayor of Las Vegas, foresee the opportunity for the hotel industry in Las Vegas. Mayor encourages a local business to support the idea of medial tourism. The medical tourism will be an alternative business in the area, the national public radio reported. Casio Industry Casinos are the largest revenue generator in the gambling industry. The industry provided approximately 350,000 jobs in the U.S. market. The American Gaming Association and the National Indian Gaming Association (NIGA) are the main organizations in the U.S. casino industry. The AGA encourages its members and their employee to be aligned with updated law and regulations. Moreover, AGA is a realizable source for a gaming industry providing gaming history, educational program, and statistic data on the Casino industry. In addition, the NIGA under the Indian Gaming Regulatory Act has provided Native Americans opportunities to legally run casinos. U.S. casino trends The casino industry has been hard-hit by the recession. According to the United States department of labor, the Mass Layoff statistics (MLS) program showed that the hotel-casino industry eliminated 13,000 jobs in 2008 (Labor, 2010). The revenue trend in the casino industry has been on a downturn for the last two consecutive years. The SP expected a slow recovery from the casino industry. Las Vegas, Nevada As of 2009, the American Gaming Association reported that Las Vegas with $5.55 billion in revenue was a dominant U.S. market. According to Las Vegas Convention and Visitors Authority (LVCVA), the statistic in figure 5 showed a 2.4% increase in the number of visitors from 2009. The Las Vegas Strip gaming revenue was increased by 4.3%, but the downtown area gaming revenue was decreased by -7.3% from 2009. In 2009, the 14% unemployment rate in the state Nevada plummeted the economic trail. On a carryover impact from the economic crisis in 2008, the number of attendees at conventions, and a number of scheduled conventions and number of meetings held remained on the decline with decreases of -1.1% and -6.7% respectively. According to the Las Vegas Visitor Profile, Market Segment reported by LVCVA (2009) that 76% of Casino guests were most likely to be traveling in a party of two and average stay in Las Vegas is 4 nights. Casino guests on LVCVA survey stated that 87% of visitors called the hotel-casino directly to book their accommodation. In 2010, SPs industry report estimated casino revenue on the Strip to be 35%-45% of total revenues, and the revenue from hotel rooms was 20-30% of the total revenue. A total enplaned and deplaned air passenger continued to decline. The number of air travelers accounts for 42% of all visitors. (LVCVA visitor profile: ir visitor version). The SPs report indicated strong growth from Las Vegas. Figure 4: U.S. Casino Industry Gaming Revenue Figure 5: Las Vegas Convention and Visitor Authority (LVCVA) : Executive Summary Atlantic City, New Jersey The Atlantic City is a second large of the U.S. casino marketplace. The static in figure 4 shows that casinos in the area have been losing revenue -5.7%, -7.6% and 13.2% in three consecutive years. According to SP, casinos in Atlantic City are facing heavily competition from New York and Pennsylvania. Macau, China: New Era of Asia Gold rush Macau is a special administrative region of China. The CIA The World Factbook reported that, in 2006, Macaus gaming revenue surpassed that of the Las Vegas strip, and gaming-related taxes accounted for more than 70% of total government revenue. The Macau market attracted many casino operators from Las Vegas to come and establish a new home-based outside the U.S. In 2010, the profit in Macau market increased 9.7% in revenue from its loss in 2009. The gaming industry in Macau was expected to rise, but, SP reported a concern about the room surplus of 40% in 2011 and 2012. In the long-term, SP still believes that the Macau gaming industry will generate a significant profit for China. Singapore: A hidden dragon Singapore is the one of the most strategic locations in South-East Asia. According to Economy Watch and World Bank, Singapore is considered to be a very attractive country for new business. Sources in the Wall Street Journal on October 7, 2010 reported that the Marina Bay Sands project is a 8-billion dollar casino in Singapore, known to be the cleanest city in the world. The casino includes three 50-story structure with approximately 2,500 rooms; a casino, retail stores, dining and 800,000 square feet entertainment complex. The SP 2010 industry report predicted that the top five markets for Singapore casinos are: Indonesia, China, Australia, India and Malaysia. In addition, the Marina Bay Sands should have no effect on Macau market because the hotel presents a more family-orientated appeal. Legal and Regulation Internet/Online gambling Online gambling is illegal in the U.S. as of November, 2010. Internet Gambling Regulation, Consumer Protection, and Enforcement Act (H.R. 2266)  was introduced to congress in May 2009 by Frank, Barney  (Rep). The bill is aimed to Unlawful Internet Gambling Enforcement Act of 2006, which prohibits internet gambling operators from receiving money related to any online gambling that violates State or Federal law (Frank, 2010). Online gambling is also on a serious debate among AGA members regarding a safety and government regulation. The concerns regarding an online gambling are a security technology such as firewall to protect million online users. Summary Key Fact from Industry Analysis Room demand dropped because economic recession. Occupancy rate dropped because dropped in demand and increasing room surplus. Real GDP could be used as atool for the hotel industry to future demand. Business Travel booking trends changed from Travel agency to online travel agency. China is a number one inbound visitor by volume from oversea. Medical tourism could be an alternative route for simulating demand. Gaming on Las Vegas Strip continues generating profit. Atlantic City market for casino is not pleasant after loss in profit of 3 consecutive years. Macau is growing and generated more revenue than Las Vegas Strip. Singapore could be a new growing casino market in South-East Asia. Legalize an online gambling is an ongoing process. Casino Market: Oligopoly Market Competition In 2009, the casinos industry had revenue in total of $US 21.8 billion. To determine an economic competitive type of market in the industry, the company uses a four-firm concentration ratio as the indicator. The ratio is the percentage of total industry sales made by the four largest firms (Fig. 4). The four-firm ratio for the casinos industry is approximately 70%, which had created an oligopoly form of market competition. In oligopoly, one firm decision can have a direct influence on demand, price, and profit of competitor in the industry. Figure 5: Companies in the casino industry by revenue Furthermore, external assessment of the industry is a critical process for management in decision making. The Porters Five-Forces Model, competitive analysis tool, has been utilized for in-depth industry analysis. The model analysis is provided five perspectives in assessing the industry: Rivalry among competing firms, Potential entry of new competitor, Potential development of substitute products, Bargaining power of suppliers, and Bargaining power of consumers. Porters Five-Forces Model Analysis Rivalry among existing competitors: MGM : Rivalry among existing competitors : HIGH Same-size competitors High exit barrier Indifferent in product and service among competitors Table x: Threat of existing competitors The competitive atmosphere in hotel industry is high.   There are a lot of competitors in industry.   Furthermore, it seems that competitors compete in same dimension because in commercial casino industry, customers are not much diverse. Therefore, players in this industry found it hard to target different customers with different needs   Ã‚  Ã‚  Ã‚  Ã‚   There are a lot of competitors with equal power and size.   Ã‚  Ã‚  Ã‚  Ã‚   Exit barrier in commercial casino industry is high because a company invests huge amount of money, especially, building cost. Even a company wants to exit from the industry, sometimes it force to stay in because exit costs are high.   Ã‚  Ã‚  Ã‚  Ã‚   Product and service in commercial casino industry are identical. Moreover, there is no switching cost for buyers. Thus, competitor might cut price to attract buyers.   Ã‚  Ã‚  Ã‚  Ã‚   Fixed costs are high. In order to compete in hotel industry, a casino manager adopts revenue management. The process allows buyers to stay in same type of room in different price. Even a hotels products and service are not rapidly become outdated but competitive atmosphere in commercial casino industry is hot, therefore, companies cannot make high profit from this industry. Threat of new entrants: The threat of new entrants for hotel and motels industry is low. The industry has significant barriers to entry which include: MGM : Threat of new entrants : LOW Supply-side economies of scale Demand-side benefits of scale Customers switching costs Capital requirements Restrictive government policy Position advantages independent of size Unequal access to distribution channels Table x: Threat of new entrants Supply-side economies of scale:   In commercial casino industry these economies hardly appear. Even a company built more rooms or more recreations in its casino, these economies will not appear. Moreover, the company has to carry more cost, more maintenance cost and more employees cost. Demand-side benefits of scale (network effects): These benefits occur when the numbers of buyer patronize the company. However, these benefits might not occur in commercial casino industry. In commercial casino industry, a company will find advantages in location, facilities and characteristics of personal working in direct contract with customers. Therefore, having a lot of customers patronize a company will not provide huge demand-side benefits of scale. Customers switching costs: In commercial casino industry, when customers purchase service from a casino, it is one time use. Therefore, there is no switching cost. Capital requirements: In order to enter commercial casino industry, a company needs to finance huge budget and the industry return is not attractive. Thus this industry has high barrier. Position advantages independent of size: These advantages are not depends on a companys size, incumbents can have competitive advantages that not available to competitors. These advantages in commercial casino industry can stem from locations, brand identities and service. Unequal access to distribution channels: It is not hard to establish or find distribution channels in commercial casino industry. A company could use agents or let customer books rooms via its websites. Restrictive government policy: There might be some restriction related to commercial industry such in some area government do not allow a company to build a building that higher than 2 floors or in some countries, a company has to has citizens hold more than half of a companys shares to operate in that country. In U.S., commercial casino industry is the most regulated and monitored industry. The threat of substitutes: MGM : Threat of substitutes : HIGH Competitor Table x: Threat of substitutes There are some substitutes for commercial casino such as hostels, apartments or houses. Customers can stay in hostel, apartment or houses and go to gaming or using recreation facilities at casinos. If buyers concern convenience, they might prefer casino. Because they will have maids clean their room and casinos always locate in a convenience location. If buyers concerns price, they might stay in hostel. However, if buyers concern privacy, they might prefer house.   Ã‚  Ã‚  Ã‚  Ã‚   There is no cost of switching to substitute. Buyers can change to substitutes anytime if they would like. Hostels, apartments and house can be substitutes for casinos. They perform similar products and service to casinos, if you concern only hospitality part. However, there are some differences which made substitutes have huge different from hotels. Buyers have to determine trade-off between hotels and substitutes. In this industry, the threat of substitutes is not high because substitutes have too many differences in facilities and service from casinos. Thus, industrys profitability is not suffered from substitutes. The power of suppliers: If suppliers have power over a company, suppliers might set its price higher, limit quality of service and shift its cost to other parties. In commercial casino industry, a company uses wide range of different suppliers such as supplier for construction, supplier for food and beverages and supplier for hotel equipment. There is almost no monopoly in hotel suppliers. Moreover, only a few supplies that have switching cost such as securities equipment and suppliers did not differentiate their products. The company has to differentiate itself by choosing good location, providing well-maintenance facilities and providing supreme service. Furthermore, the company can easily find substitute suppliers. Therefore, the power of suppliers in commercial casino industry is low. The power of buyers: MGM : The Power of Buyer : Table x: The power of buyer   Ã‚  Ã‚  Ã‚  Ã‚   There are various customers in commercial casino industry. However, there are some buyers that have ability to negotiate such as group tour.   Ã‚  Ã‚  Ã‚  Ã‚   Products and service in commercial casino industry are not much different. If customers find that a hotel that they always stay in is full, they have to stay in other hotel. They have to purchase products and service in some hotel anyway.   Ã‚  Ã‚  Ã‚  Ã‚   Buyers have no switch cost. If buyers want to change from a hotel to a hotel, they can just check-in to another hotel without any switching cost.   Ã‚  Ã‚  Ã‚  Ã‚   Buyers cannot produce industrys product if buyers found that a hotel is too profitable. Buyers can switch to other hotels but they cannot produce it by their selves.   Ã‚  Ã‚  Ã‚  Ã‚   In commercial casino industry, buyers do not stick with brands. Buyers might concerns about quality of product and service. If they find another casino that cheaper but quality and facility are same, they will switch to another casino. In sum, in commercial casino industry, buyers are relatively price sensitive. From analysis given above, buyers in commercial casino industry have high power and seem to be price sensitive. They can press companies to lower their price and can ask for more quality and service. Financial and Accounting Analysis The financial information was published annually to external and internal users. MGM Mirage Inc. financial statements had been analyzed using financial ratio analysis and information in management discussion. The median number of industry ratio in 2009 is used in this report. By the nature of hotel business, MGM contains a high fix-cost in normal business operation and profits are driven by tourism and business travel demand. MGM requires a large capital to run its hotels and casinos. In 2010, MGM is in process of development a City Center, a capital intensive driven project. The delayed of City Center project has enormous impact on MGM financial statement. Liquidity and Financial Position Liquidity Ratios Industry 2009 2008 2007 2006 2005 Current Ratio 1.1 1.28 0.51 0.68 0.92 0.66 Quick Ratio 0.8 1.02 0.2 0.48 0.5 0.48 Credit Risk: Facing Bankruptcy As of December 31, 2009, MGM is in a weak financial position because of its indebtedness. MGM with credit rating of CCC+ operated the business with 39% on the long-term debt. The management team declared unpleasant statement about the $1.1 billion senior credit facility debt which might be defaulted on maturity date in 2010. The management suggests that MGM must extent the payback period by negotiating with their creditors. Also, management has predicted that future revenue from operation and tax refunds would help reducing MGM debt. The current and quick ratio indicated that MGM has had insufficient fund to operate its casino since 2005. With the ratio less than 1 and below the industry average in both current ratio and quick ratio, MGM has been operated on the line of bankruptcy if the company defaults on its debt. Revenue base and mix MGM primary source of revenue came from Las Vegas Strip. As December 31, 2009, the majority of MGM revenue came from three sources: casino (44%), hotel room (23%), and food beverage (23%). Casino revenue dropped 12% from 2008 and it had been on decline trends since 2007. In 2009 MGM financial statement, revenue from casino had been divided into three sub-categories: Table games (36% of total casino revenue), Slots (60% of total casino revenue), and Other revenue. The table game revenue decreased 11%, even though there is 33% increases in demand for baccarat. Sustainability of revenues and earning As of December 2009, MGM **Reasonable Analysis *focus on MDA *Risk and Factor * Note Analyzing financial statement Accounting item to review Cash Flow Profitability ratios MGM profitability ratios are negative in 2010 and 2009 for some ratios. ROA in both 2009 and 2010 are negative. We can break ROA to net profit margin multiply total assets turnover to deepen our analyzing.   Assets turnover ratio shows MGMs ability to use assets generate revenues. MGMs assets turnover ratio decreases from 2007 to 2009. Even this ratio does not decrease much during 3 year period, it made ROA go down. The main factor that has impact on ROA is net profit margin. The MGM has very low net profit margin since 2008. MGMs bad signal shows since 2008. After its net profit margin ratio plunge to -11.86% in 2008 and -21.61% in 2009 which a major factor lowing ROA. From analyzing ROA, we can see that MGM has a problem with maintaining its profit margin. MGMs revenues in 2008 are not much different from 2007, however, MGM cannot control operating expenses, operating expenses in 2007 exceeds revenues. In 2009 MGM revenues decreases by 17%, further, MGMs ability to control its op erating expense decreased. MGMs operating expenses in 2009 is 114.65% from revenues. The major increase in operating expenses in 2008 and 2009 is property transactions. MGMs ability to fulfill its short term obligation is getting better in 2009. Both quick and current ratios go up. The reason both quick and current ratios increase because in 2009 MGM carries more cash. However, MGM debt management ratios worsen. Long term debt to equity ratio increases from 2007 to 2009 results increase in total debt to equity ratio. These ratio shows MGM has larger portion of debt compare to equity. Even MGM carries more long term debt recently; MGM has interest coverage ratio high enough to pay back its interest. But this ratio trend increase in recent year. Hotel operating statistics Asset values Balance sheet ratios Book Value Off-balance-sheet commitments or liabilities Valuation measures Leverage ratios Debt Management 2009 2008 2007 2006 2005 LT Debt to Equity 3.35 3.12 1.84 3.38 3.82 Industry Ratio Total Debt to Equity 3.63 3.39 1.84 3.38 3.82 Industry Ratio Interest Coverage 1.66 2.06 1.95 1.93 Industry Ratio Activity ratios Asset Management 2009 2008 2007 2006

Helping Young Students Achieve Success Essays -- Teaching, education,

I believe that all children should have an opportunity to be educated within a diverse setting and individualized teaching. Each student should be treated as an individual and using positive interaction with each individual. The importance of education was a part of my family culture. My personal experience of promoting child development began in Head Start, Las Vegas, Nevada, while attending school. Implementing what I was learning in my classroom curriculum was a learning experience for me and my students. I learned that the more knowledge I imparted on my students, their learning process became easier. I believe in children having hands-on experiences. I learned to build relationships with family and communities to understand the dynamics of individualize teaching. Enculturation is learned at home as well as the school. As an educator, I believe student need to have exposed to the community and different aspects of jobs to acquire into working adults. The younger a child begins bu ilding knowledge it will grow exponentially. There are sensitive periods that are critical for a child’s learning. I understand the significance of evaluation where the children are at on an individual bases. From my observance, when students have difficulty, it is harder for them to catch up with their peers. I believe all students can learn, not all at the same rate. The teacher environment should be inviting and students encouraged communicating through verbal, pictures, artwork or play. Students come in with different experiences and values. The classroom should offer various teaching style to individualize as much as possible for the students. The teacher should foster security and self-worth to their students, setting them up for success. Teac... ...nce area for children to explore and learn about plant life. I feel that material selected for the science area should actually give the children a concept of what science defines. The science will build knowledge and vocabulary. Most teachers are intimidated by science because of a lack of knowledge. As an educator, I will prepare my materials for any and all activities for my students to experience. On the other hand not all knowledge needs to be detailed. This is a learning experience for the students to record and predict. The reading and writing center is important for students to being their writing and reading skills. Optimal discovery and learning in the early years of students. The vast material that helps a student engage is important I believe in assessing students in a variety of ways, with pictures, written observances, running records and portfolios.

Explain Different Sociological Approaches Essay

When it comes to defining what health is it can be difficult, people can have a positive outlook to define health or a negative, for example a positive definition of health could be- feeling well in many ways; feeling physically, intellectually, emotionally and socially well, etc. A negative definition of health could be that you are healthy so long as you don’t have a disease. As well as there being positive and negative approaches to health, there is also a holistic approach to health, holistic means ‘relates with a complete system rather than looking at individual parts’ (Webster, 2014) – so for example if one concept of our health is affected it will affect all the other parts in some way, the concepts are- spiritual health; physical health; environmental health; psychological health and sociological health. If somebody’s physical health is poor such as becoming ill with a disease like cancer it is thought to effect all other concepts of health for example the environmental health may become dirty and unclean as the individual is weak to be able to keep on top of tidying it up; the sociological health is effected as you will be socially seen as an ill person rather than a person; the spiritual health could be the individual may feel they are being punished by god or for something they have done and the psychological health will be effected as the individual will feel extremely depressed and though they are waiting for their death to come. The world health organisation, which founded in 1948 has the definition of health that health is ‘a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity’ (WHO, 2003). Finally, Mildred Baxter (1990) as both a positive definition of health, negative and functional – the positive definition regards health as feeling fit and well, the negative definition regards health as being free from pain and discomfort and the functional definition regards health in terms of being able to perform day to day tasks. There are four different social perspectives which have views on both health and ill-health, these social perspectives are functionalist; marxist; feminist and interactionist. The functionlists believe that for our society to be able to function  properly the individuals in society need to be healthy, and the idea of someone being ill is them having a form of social deviance. Talcott Parsons who is a functionlist has the view that when a person falls sick they become apart of ‘the sick role’ – this is when someone is sick they behave a certain way, such as not going to work, staying in bed, hot water bottles†¦ etc. Sick people in society are thought to have rights and responsibilies, we have the right to be able to be cared for and not go into work so we can rest our bodies and we have the responsibility to get ourselves better by going to visit the doctor, etc. The marxist view towards health and ill-health belives that the reason we have health and social care services in place such as the doctors is to serve the rich and the powerful in the society, the reason this is thought to serve the rich and powerful is to be able to get employers back to work so that no buisness is lost. The marxists have they theory that depending on the level of illness is related to the differences in social class, for example the poor are more likely to suffer from poor diets, etc. Feminists also have there own view towards health and ill-health , the femanists are more focused on the male domination in the medical field, such as why is it more money is not spent on the male contraceptive pill? There are thought to be less side effects however it is still up to woman to take it. There is an increasing number in woman who are suffering from mental health illness’ which is down to the reason that woman are expected to live as a certain poisition in society, such as the double day – this is where a woman is expected to go out to work to help provide for their family home and when the working day is over to come home and cook tea and care for the children, clean, etc. Finally, the interactionists say that if you are ill it all depends on if the individual is ill and wanting to admit that they are ill, as some people do not like to admit defeat and admit they’re ill whereas others will say they are ill when it is very minor. In conclusion there are all different views on what health is, and what ill health is†¦ as well as this we can see that depending on the individual and there beliefs and views on being ill depends on how they will accept the change.

Arthur Miller ‘s presentation Essay

By focusing on three or four scenes, examine Arthur Miller ‘s presentation of John Proctor’s moral journey. A crucible is defined in the dictionary as ‘a severe test or trial’. Throughout this play, John Proctor’s morals and beliefs are challenged to a great extent as we watch his character develop and admire his strength to do what is right whatever the consequences. A moral journey is the development of someone’s morals and beliefs as they are tested by certain situations and react to them in different ways. I wouldn’t say it was a mapped out journey, more one that is likely to change without warning. Salem was a very religious and close-knit community. The strict creed meant that its inhabitants lived very monotonous lives and continuously feared doing wrong by God. Many people found they could not live with the pressures forced upon them by the church as religion was preached so vigorously and people were discouraged from forming their own opinion on life. This caused the community to become very repressed. The way everyone reacted to the accusations of witchcraft stem from this. People suddenly became very paranoid of everybody else’s actions and also became suspicious that they may be a witch. They also used the right to call somebody a witch as vengeance. The fact that Proctor was willing to go against the church and the rest of the community to follow his views of descent conduct makes him stand out. I will be studying several extracts of the play to illustrate Proctor’s moral journey. John Proctor is often seen as the main character in the play and the first point where we are given any information about him is in the early stages of Act 1. Here, Miller directly intervenes and provides us with a lengthy passage on John Proctor giving us information on his background and character. This is essential, as otherwise, we have no knowledge of his values before he enters the stage. Miller’s script: â€Å"But as we shall see, the steady manner he displays does not spring from an untroubled soul. He is a sinner, a sinner not only against the moral fashion of the time, but against his own vision of descent conduct. † This quote also backs up the idea that John does not need to be punished for sins he has committed, as he is his own worst critic. At first Miller portrays him in a harsh light. When he enters in the first act, he reprimands his servant for not being at home helping Elizabeth and orders her to go immediately. The stage directions here allow us to see the effect of John on others. He obviously has a sense of authority as Miller describes Mary Warren’s reaction when he enters the room as follows: ‘She can barely speak for embarrassment and fear’ After the departure of Mary, John is then left alone with Abigail and Miller presents us with a scene full of hurt, desire and tension. Abigail is a very useful character when analysing John’s morals. She is very manipulative and tests his will power to reject her. John, at first, is not aware of Abigail’s determination to win his love. He says impulsively some things that Abigail interprets in her own, yet wrong, way. She then seems very confident about what she is saying and feels she is being lead on. Proctor: â€Å"Ah, you’re wicked yet, aren’t y’! (A thrill of expectant laughter escapes her, and she dares come closer, feverishly looking in his eyes)† The stage directions at this point are very important, as they are essential in the understanding of how Abigail is feeling. After this move of Abigail’s, John realises that she is serious and is still holding hope for him. He decides to put this right by making it quite clear to her that he is not willing to continue their relationship. Proctor: â€Å"Abby I may think of you softly from time to time but I will cut off my hand before I reach for you again. † This shows that Proctor has learnt from his mistakes and although he is tempted, he is not willing to commit the same sin again. This is quite extreme for him to state and shows that he is serious about what he is saying. It is also evident from the stage directions that John is ‘(angered-at himself as well). ‘ This shows that he has admitted to himself that he was wrong and now he is feeling guilty and angry with himself for all the trouble he has caused in his relationship with Elizabeth. The stage directions are very powerful in this extract as they show the characters emotions and they explain the situation well. This extract shows a very important part of John Proctor’s moral journey as he manages to resist Abigail’s advances. It must have taken a lot for him to do this, as it would be hard both mentally and physically for him. This shows how his character is starting to develop as he has learnt from previous experiences and is beginning to face and correct his sins rather than just ignoring them. The next extract I will be examining is in the early parts of Act two. This is set eight days on from the last scene and there is a very different atmosphere. Instead of passion and heat, this scene is awkward and tense. It shows how Proctor is not being honest with his wife, Elizabeth, and instead there is a lot of pretence. This is an important time in Proctors moral journey as it shows us how he is coping with his relationship with Elizabeth. It is evident that Proctor is still in denial and is not facing up to his actions. He doesn’t realise that the lies and secrets he is keeping will affect so badly what happen in future events. At the beginning of this Act, Miller sets the scene effectively using stage directions. He describes the room as ‘low, dark, and rather long living-room of the time’. This immediately changes our mood and calms us down in anticipation of a more sombre and serious scene. In this scene dialogue, as well as stage directions, play a very important part in portraying the characters feelings. The stage directions especially help us to interpret how certain lines should be said (as this is a play) and how characters should act. Proctor is not truthful to Elizabeth in this scene. He firstly lies about his interview with Abigail as he feels she won’t understand. He tells her that he has been working on the farm in hope that he will sympathise with him. This is part of his moral journey as it shows he is still in denial and feels that time will sort his problems out. He is prolonging the consequences of his actions that he knows one day he’ll have to face.