12/26/2019 0 Comments
Failure of Canadian Solar - Essay Example This research aims to evaluate and present North Mountain Engagements LLP, a Hedge fund company which invests in different companies to increase their capital however the company invests in only those companies of which it could improve the earnings significantly and increase the value of the firm by twice. This is the reason the company invests and analyses the company thoroughly before it makes any investment decision. The report analyses one of the companies in the Solar PV industry, Canadian Solar which has been suffering from losses from 2006 and this report investigates whether the company would be able to improve its earnings by changing their strategies. North Mountain Engagements has a higher debt to equity ratio which is defined as total debt of the company in comparison to total equity and higher debt to equity ratio reflects higher risk. Thus, with higher risks shareholders demand higher return so; this is the reason why the North Mountain Engagements LLP requires higher profits. Canadian Solar has been known over the years as CSI meaning Canadian Solar International is suffering from losses despite of the overall demand in the industry has been growing and growing revenues of the company. Canadian Solar has reported total growth of 135.7% in five years from 2004 to 2008 with revenues of the company growing from $9.7 million to $705 million. With several opportunities in the industry, North Mountain Engagements feels that the Canadian Solar can live up to the potential and become an important firm to invest.... Canadian Solar has reported total growth of 135.7% in five years from 2004 to 2008 with revenues of the company growing from $9.7 million to $705 million. There are several reasons which have led Canadian Solar to situation where the company is showing negative net income and one of the major reasons for Canadian Solar suffering from losses is the increasing competition and this report discusses different factors that have resulted Canadian Solar to be in loss. Industry Overview The world economy has been going through recession and this recession has made an impact on major economies of the world. However, there are other factors besides recession which have influenced the profitability of Canadian Solar though the demand of solar PV industry has been showing tremendous growth since 1998 globally. In addition to this, steps and measures taken by government have been fruitful for the firms in the industry as it encouraged people to use more solar photovoltaic (PV) technology. The following graph reflects the demand of solar PV in the international market and it can be seen that the demand slope has increased considerable in the last five years or so. (Source: Mitchell, 2010) Demand has increased at a much rapid pace than previous years since 2004. The demand has been growing in the range of 21% to 27% from 1998 to 2003 however since 2004, the global demand has reported much higher growth rate in the range of 31% to 38% till 2007. Demand in 2008 reported much higher growth as it reached over 60%. The increasing demand of solar PV internationally indicates that the demand would further increase in the years to come and it is the right time for firms in the industry
12/12/2019 0 Comments
Management Information Systems IP Four - Essay Example
The other is flash crash: machines go wild case study where the market equity in a flash, plunged to a historic low. The third is the Piloting the Valero with real-time management case study in which the Valero, a Texas-based oil refinery needed a system that could be able to display real-time data about issues concerning the plant. Reality Gets Better Case study Virtual reality is a three-dimensional space, which is a computer generated interactive space. Virtual reality immerses its users in the virtual world while the augmented reality keeps in touch with the real world. Augmented reality uses any of the three major display techniques to be able to achieve the blend of reality mixed with real-life images and graphic effects. The display techniques are hand held displays, head mounted displays that provide the virtual environment and shut out the real world, and spatial displays that mount graphical information on physical surfaces. It has been used to improve marketing in the sense that it helps involve the customers and is able to communicate to the customers in an interesting and interactive way with relevance to them. In 2009, Esquire magazine was able to use this in their advertising where they added several stickers, which had designs that had this ability. When held up to a web camera, it started interactive video segments featuring the issueâ€™s cover, Robert Downey Jr. (Ovide, 2009). In image guided surgery, a CT scan and MRI provides the necessary data that is superimposed on the patient in the operating room. In real estate, this has been employed to help the user find information they need on the go, since smart phones have GPS, cameras and internet. Therefore, one can just point their phone on a building and the value of the building per square meter and a small photo accompanied by a live image project from the phoneâ€™s camera, hence provide real estate information on the go (Macintosh, 2010). Flash Crash: Machines go wild case study The U.S stock markets on May 6, 2010 experienced a sudden and quick plunge at 2:42 PM, which left Dow Jones 600 points down. Twenty-five minutes later, Dow had gained almost the points it had lost. This flash crash appeared to have happened when a single mutual fund company engaged in abrupt selling activities that caused a chain reaction. The high-frequency traders HFTs are the ones now doing the work that the stock specialists used to do, including the matching of buyers and sellers efficiently, which the market makers did. In a case where the algorithm cannot handle the complexity of the event, a flash crash occurs. The algorithm in the case of Overland park on May 6 dumped 75,000 contracts and was instructed to sell them with disregard to price and time, and continued to sell and the prices dropped sharply. It would normally take five hours to sell them but this took twenty minutes (Bowley, 2010). The NYSE activated circuit breakers where the trading traffic is shifted to human stockbrokers intended to slow the trading process and to avoid the plunge (Bowley, 2010). Electronic trading simply showed that it allows the flash crash to occur over a short period of time and is able to amplify sudden market moves, which can go either side and happen faster with minimal chances of intervention (Henderson, 2009). Piloting the Valero with real-time management Valero energy is one of the largest oil refineries in the US,
Â Â Â Â Â Â Â Autonomy is the ability to have the capacity for self-governance or have self- determination. This is a concept which comes out through various arenas. For example, the moral autonomy is usually governed by the moral laws ( Deci, 2010). Therefore, personal autonomy can be said to be the capacity of a person to pursue actions based on moral content. This paper will compare the philosophical work by Nietzsche and MacIntyre and determine who offers the best tool of promoting autonomy.
Over the past centuries, the teachings of Friedrich Nietzsche have transformed and penetrated every realm of social culture in the Western world. In his essays, he examines the significance of peopleâ€™s ability to make promises. He states that to hold to the promises made requires both confidence about the future and very powerful memory that will ensure that certain issues are not forgotten. According to Nietzsche confidence requires one to be predictable or calculable and, therefore, he or she must share common sets of customs and laws that govern his or her behaviour (Risse, 2001).
The society and morality play an important part of making a person predictable, therefore, giving the person ability to make promises. This process according to Nietzsche is complicated as it ends up in the â€˜sovereign personâ€™ who can make decisions, not only because the person in question is bounded by social mores but because he or she is the master of his or her own free will. The sovereign of an individual is characterised by tremendous responsibilities of one being free to make claims in regard to his or her future. This sense of responsibility according to Nietzsche is called conscience (Risse, 2001).
Nietzsche defines the concept of â€˜bad conscience and guiltiness using German words for â€˜debtâ€™ and â€˜guilt.â€™ He suggested that, originally, there were no relationship between guilt and accountability or immorality. Punishments were meted on the basis of reprisal and not on the basis of guilt. If a person failed to honour promises, then they were considered to be in debt the person they failed. The debt could then be balanced by punishing or torturing the person. This happened to a person say the creditor who had no interest of getting his money back from the debtor. Thus, the memory of making promises during this time was burdened and the punishments and cruelty ensured that the debtor does not forget his promises next time (Risse, 2001).
Macintyreâ€™s in his book, â€˜After Virtue (1981)â€™ explains his long ethical project. The book diagnoses the rising issues in the society such as â€˜culture of emotivismâ€™ where the moral language pragmatically manipulates decisions, attitude and decision. According to the book, those moral cultures are said to be a theatre of illusion where the objectives of moral rhetoric masks the decisions. The books examine the part of the community in making the judgments about the truth or falsity. The work by MacIntyre also examines the reasons why human beings need virtues through investigating the social debts and needs of human agents and the part which they were playing in the formation of an independent practical person who can reason (Borden, 2007).
The philosophy by Maclntyreâ€™s is very important especially to the fields of communitarian politics and the virtues of ethics. He points out the insignificance of conventional business ethic as an application of the modern moral concepts in decision making. His work in philosophy has lead tremendous renewal of values over the last decades. For example, in his works his discusses the moral condemnation of Stalinism. His presentation of this concept draws two important conclusions related to morality, one is the fact of the peopleâ€™s solidarity in discovering what people want in their moral life (Borden, 2007).. According to MacIntyre morality organises life of the community. As he concludes his book, he says that the concepts of morality are neither historical nor timeless and, therefore, the understanding the developments of historical, ethical concepts can liberate people from any falsity claims (Borden, 2007).
MacIntyreâ€™s Aristotelian offers the best tool of promoting autonomy of one self and others compared to Nietzsche because he examines the habits that humans should develop in order to make judgement and act efficiently in the pursuit of the true choices which have a worthy end. His examination has a very rich account on the deliberate activities by human that encompass moral formation and society life. He also accounts why humans have practical wisdom to do what is right based on the freedom of morality.
Borden, S. L. (2007). Journalism as practice: MacIntyre, virtue ethics and the press. Ashgate Publishing, Ltd.. Deci, E. L., & Ryan, R. M. (2010). The support of autonomy and the control of behavior. Journal of personality and social psychology, 53(6), 1024.Risse, M. (2001). The Second Treatise in In the Genealogy of Morality: Nietzsche on the Origin of the Bad Conscience. European Journal of Philosophy, 9(1), 55-81.
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