Wednesday, August 26, 2020
To: From: CC: Date: Re: DH Board of Directors Henry G Young James Barry 9/12/2010 CRM System In understanding that generally that all choices re: capital ventures depended on the ROI (Return On Investment) strategy. I soliciting the Board from Director to please observe my appended plot advantages and cost of usage for the CRM System. While the aftereffects of my laid out advantages are determined with a most dire outcome imaginable premise, I would demand that the Board take a gander at the drawn out addition for the organization which isn't just comprehensive of the monetary profits. DH utilization of the ROI strategy can be controlled to suit those against or in any event, for this framework so this ought not be the main technique utilized for this task. The figures in the connected advantage and worth proposition demonstrates that the venture will cost generally $1,000,000. 00 Ã¢â¬ $2,000,000. 00 just to secure the CRM framework and another $1,000,000. 00 for all usage, up-preparing , upkeep, and so on. There are such huge numbers of different strategies that might be utilized whether it is a restitution period or net present worth or a net present worth and recompense period consolidated, the Board is urged to examine or engage future conversations on this issue until we can go to some understanding and push ahead. Meanwhile the organization is developing as are our customers acquisitions. DH brought $2 billion in deals to a close with our 1000 representatives utilizing an immersed framework a year ago. A CRM framework this year would loan to proficiency, improved client/customer fulfillment and position in the commercial center. Henry Young Project Team Leader 1
Saturday, August 22, 2020
Web: An Important Part Of Peoples Lives I accept that if papers dont vanish later on, they will most likely change their arrangement and decrease the quantity of printed duplicates. The organizations of media are changing not just because. As per (Textbook) first papers showed up around 1200 years prior. In 1690 the principal Americas paper was distributed in Boston. Afterward, with the experience of radio and TV, papers creation bit by bit began to decrease, since it turned out to be increasingly productive and fast to get breaking news through new sorts of media. In any case, TV still didnt get an opportunity to contend with papers, since papers were giving all the more profound data. A lot greater pressure papers felt during 1990s after the presence of the Internet. Around 67 million Americans presently read web journals, and 21 million compose web journals, making a blast of new essayists and new types of client criticism that didn't exist five years back (seat, 2008). Person to person communication locales like MySpace or Facebook attact more than 70 and 30 million guests per month, individually, and organizations are beginning to utilize long range interpersonal communication apparatuses to associate their workers, and chiefs worldwide.says (Management Information Systems, dealing with the advanced firm, eleventh release. Keneth C. Laudon, Jane P. Laudon. 2010, section 1, page 35).It appears that the entire world is turning on the web. These days a great deal of famous open versions are decreasing the quantity of literature. For instance, as indicated by http://www.usatoday.com/printedition/cash/20090318/newspapers18_cv.art.htm, The Detroit Free Press and The Detroit News have sliced their home conveyance to three days every week and educated perusers to discover the rest with respect to the news on the web. As per Jeremy Porter there are 4 fundamental angles which despite everything keep papers alive: content, perusers, publicists and organization. Simultaneously JP invalidates every one of these highlights and contends that papers wont be as yet distributed in 5 years. (http://blog.journalistics.com/2009/will_your_newspaper_be_around_in_five_years/) Papers dont contrast a great deal from one from another. You can locate a similar data in the Internet, on the grounds that the vast majority of periodicals, including well known versions, for example, The Wall Street Journal, New York Times or Washington Post, are additionally distributed on the web. Additionally, you can peruse the mind greater part of data online for nothing, that makes the Internet significantly increasingly alluring. Perusers: A peruser is the most significant worry for a paper. Paper will have no accomplishment without perusers. Be that as it may, an ever increasing number of individuals concur that Its ideal to have (printed releases), however they can live without (them). An ever increasing number of individuals are turning out to be Internet-clients, and a large portion of Internet clients read news on the web. For instance, I myself get new data about what's going on the planet and especially in me home nation, by perusing short messages on Twitter. What's more, to the extent I know understudies dont read papers by any means, in spite of uncommon cases, when we have to locate a specific snippet of data just in a specific paper and no place else. Discussing more seasoned ages, it appears that they ought to be familiar with the papers, however insights demonstrates the inverse. One can contend that more seasoned age understands papers and doesnt need to transform anything, yet as indicated by the review made by Pew Internet and American Life Project the quantity of Internet clients in age bunch 70-75 expanded from 26 to 45% inside 4 years. This reality sounds weird, yet 4% of Internet clients are 73+ years old. Where do papers get their income? The most reasonable answer is publicists. In any case, will publicists support printed papers on the off chance that they are not unreasonably fruitful? As per http://www.usatoday.com/printedition/cash/20090318/newspapers18_cv.art.htm huge papers in large urban communities are more in peril than neighborhood releases are. It is fairly costly to place your advertisement in a paper, particularly whenever you have a ton of different chances: radio, magazines, sites and announcements. Then again publicists dont have such a huge scope of potential outcomes in unassuming communities, and they need to place their advancement to the papers so as to contact the crowd. Papers income can be made likewise by online promotions. It is significantly progressively agreeable for the two sides, since one can follow, what number of snaps were made on this connection, while you will never know, what number of individuals really read a paper and gave any consideration to commercials. The last contention is papers are not all that ecologically protected. It takes tones of wood material, heaps of power and numerous conveyance tracks to deliver and ship the papers. Simultaneously the Internet is somewhat naturally protected, so delivering printed periodicals doesnt bode well from the ecological perspective. Obviously, the Internet requires a ton of specialized items, for example, PCs, scratch pad, iPads, and others, however creating of these advancements will develop in spite of turning papers creation on the web. There is an assessment that great online papers will make you pay for the data, since it takes a ton of endeavors and enough cash to get news, make an article as indicated by them and make this article coherent. Also, some data is extremely worth paying. Additionally numerous ages were paying for news during the papers period, and for what reason do columnists and writers need to give a similar data to free? Then again, Jeremy Porter in his article http://blog.journalistics.com/2009/journalism_online_will_make_you_pay/contends that it may be past the point where it is possible to charge for online substance. Individuals have just became acclimated to getting news for nothing, and it is fairly difficult to turn the present circumstance the other way around. Discussing the Internet attack, we can't state that all papers everywhere throughout the world will turn on the web, since today the Internet isn't accessible everywhere throughout the world, and in certain nations the circumstance won't be changed in coming decades. As per Internet use measurements (http://www.internetworldstats.com/stats.htm) in Middle East, Africa and Oceania/Australia the accessibility of the Internet is low, contrasting with Asia, Europe and North America. This is the principal motivation behind why a few people accept that papers will remain alive for quite a while. Likewise in neighborhoods issues appear to be increasingly advantageous. Lets envision that there is an online asset Blagoevgradonline.bg, which covers most recent updates on this town. On the off chance that this site has a triumph, crowd will request to turn this asset to the paper, since it will be increasingly agreeable for the greater part of towns populace. Another model is our college paper DeFacto. It was begun in 2003 with the site, however the printed variant was dismissed uniquely in 2007. This shows the procedure can divert not just from paper to site, the converse is likewise conceivable. Phelps Hawkins, JMC Department educator in AUBG, assume that mankind will require papers at any rate, since we are getting worn out on the Internet. For instance, when one is heading off to the eatery or goes on a plane, places where it isn't helpful or even prohibited to turn note pads on, servers or stewards are proposing a few papers to peruse and get comfortable with most recent news. This sort of administration won't be changed a ton, that is the reason papers need to exist in any event in modest quantities. Additionally papers can become delivered from something else from paper and ink, for instance, it could be a plastic. As per Google official Santiago de la Mora (http://www.techcentral.co.za/papers will-endure the-web google/12483/) Internet won't uproot papers similarly as VHS, and later DVD, didnt slaughter film. As he would see it, papers need to give us something that will make individuals need to understand them; and it ought to be something other than printing the material. De la Mora is certain that Internet organizations dont need to take papers income, since above all else, it is distributers material that goes on the web. Utilizing Googles website admin devices, distributers can keep Google from ordering their destinations totally, or they can forestall explicit Google administrations, similar to Google News, from ordering their substance. Recently I was conversing with my Mom about my examination paper, and asked her sentiment on the theme. She was not really encouraging me that papers would not kick the bucket, since perusing a paper is kind of custom, yet toward the finish of our discussion she included an expression: However, papers are appallingly badly arranged. They are enormous and smell like a paint. Nearly no one presently is tuning in to music on recording devices, and modest quantity of individuals is watching motion pictures on VHS. The world is changing exceptionally quick, mankind designs an ever increasing number of new innovations, and it is acceptable that we are building up our lives supplanting obsolete stuff by most current advances. I am not a prophet to make such expectations, yet I dont prohibit the possibility that papers will become for individuals something that helps them to remember the past. (Concerning today, a few people are as yet purchasing vinyl records). Likewise, papers can remain in unassuming communities so as to cover the neighborhood news. What could occur?
Thursday, August 20, 2020
The Role of Interpersonal Intelligence for Career Progress Have you ever worked for one of those people who seem to have a natural inner glow that somehow seems to attract other people? Wasnât it nice to work with such a person?Such a person has a way of keeping everyone well motivated and happy to work. As a result, the desired outcome is achieved faster and the quality of the finished products or the delivered services is higher.Would you not like to be this person?To put things into perspective, letâs compare the above scenario with working with a controlling and ever demanding boss. Youâll find that most of the time, you hate yourself every morning when you have to leave for work.When at work, you will not be sure about yourself in most of the tasks because you are not sure if your results will be perfect enough for the boss. The difference between these two scenarios is different levels of interpersonal intelligence and that is what we will discuss today. However, before we go into details of what interpersonal intelligence is and how it can help your career, letâs take a step back and look at the multiple intelligence theory.THE MULTIPLE INTELLIGENCE THEORYThis is a theory by a Harvard psychologist that was originally developed in 1983. It has so far been revised to cover more elements. The theory states that there are at least eight different ways that human beings understand the world. These different ways are the intelligences that Gardner talks about in his multiple intelligence theory.Gardner focused on a number of these intelligences, but his list is still not exhaustive. Here are the main intelligences in the theory:Spatial Intelligence: This is about an individualâs ability to conceive and manipulate different sizes of spatial arrays. Letâs take a look at an example. A pilot on his day to day duties has to think about the position of the aircraft, its size, the rate of change of speed, and the destination. The fact that he doesnât have a birdâs eye view of the airplane calls for a high level of spatial intelligence.Bodily-Kinesthetic Intelligence: This one is about the ability to move parts of the body, or the complete body to create a desired effect. An example would be a dancer or an artist making a painting. This intelligence enables them to skillfully control their bodies and leave us all with our eyes sparkling with admiration.Musical Intelligence: This one is more obvious than the others. Itâs about being sensitive to rhythm, pitch, tone, melody, meter and timbre. Ever listened to a good song? To the rest of us, itâs just good music. A musically intelligent person will dissect it and tell you why itâs good music. Thereâs a good chance youâll still not hear what they hear in the song even after theyâve told you.Linguistic Intelligence: These are the people who have a way with words. They can play with the arrangement of words, their order, their sounds and the way they can be used to get the message across. A common group of people in these categories are the poets. We can also put the people we love to hate on social media and forums when they correct our grammar or punctuation.Logical-Mathematical Intelligence: People with this intelligence include scientists and mathematicians. These people will be able to identify complex relations among different variables or symbols. They can identify patterns with less difficulty and they possess more powerful inductive and deductive reasoning abilities.Naturalistic Intelligence: This intelligence is about nature, plants, our surroundings, and the universe. People with a high naturalistic intelligence will be able to easily distinguish different elements of nature like one planet from the other.Intrapersonal Intelligence: This one on the other hand is about the individual possessing the intelligence. A person with high intrapersonal intelligence is sensitive to her goals, visions, anxieties and feelings. They know how they can balance the dynamics to get the most out of their own life. They know what works best for them and how they can fit best in the world. Unlike the other intelligences, it is useful regardless of the career path the individual has chosen to take.Interpersonal Intelligence: This is similar to intrapersonal intelligence except that itâs about the way an individual interacts with others. Indicators of this intelligence include sensitivity to other peopleâs feelings, moods, motivations and temperaments. This intelligence is a must-have for negotiators, judges and other careers where you will need to look at things from another personâs perspective to determine your next move.We will focus on interpersonal intelligence in this discussion.HOW IS INTERPERSONAL INTELLIGENCE DIFFERENT?While every intelligence is unique and important in its own backyard, for a person interested in growing their career, the impact of interpersonal intelligence cannot be overemphasized. This is because it will help you to manage relationships, negotiate conflict and to better understand situations.These key elements are sometimes the tie breaker when considering candidates for promotions in professional environments. Letâs take a look at how interpersonal intelligence is different from the other types of intelligence and what that means in career advancement.Interpersonal intelligence is about other people. All the other intelligences are about yourself and what you can do. Interpersonal intelligence helps you become a better friend. Someone who other people can trust with their problems and their issues. It helps you become a better friend and as a result helps you achieve more when working with others.When building teams, having different people with different intelligences builds a strong team, but you will not be able to reap maximum benefit without interpersonal intelligence. Interpersonal intelligence brings unity to the team.To the individual, interpersonal intelligence will expand your opportunities. You may be good at your trade, but if you canât connect with other people, you will not be able to connect well with other people. This means that you are likely to miss some good opportunities in the workplace simply because you didnât know about them.Interpersonal intelligence is what will make you a leader. The rest may make you an expert or specialist in your field but if you are looking for that managerial or supervisory role, you have to work on your interpersonal intelligence.Interpersonal intelligence is more easily acquired when you are willing to work at it. Itâs not as complicated as musical intelligence and when you take some time to consider your options, you will be able to become better at it even by yourself. Most of the other types of intelligence will require more than just a deep desire to learn.EXAMPLES OF INTERPERSONAL INTELLIGENCETo better understand interpersonal intelligence and how it can help you advance in your career, letâs take a look at some of the things that indicate the presence of interpersonal intelligence.The following are social characteristics that you will find with people who have a high interpersonal intelligence:Social Sensitivity: Different people have different limits in regards to how far you can go in social situations. This is the reason why some people are quickly labeled as arrogant in almost every social gathering that they find themselves in. The difference is usually in the limits. However, if you have high interpersonal intelligence, you will know how far a discussion can go. You will know this by recognizing their different emotions from their reactions. You will also be able to tell their moods, feelings and motives from the way they carry themselves around.Socially Influential: Once you are sensitive to the way other people fe el, you will find it easier to make them do what you want. In fact, people will naturally gravitate towards you and want to be a part of whatever it is that you are doing. With this strong persuasive power, building a strong team of loyal followers will be easier.Concerned with the greater good: With other people following you, you will find that you are almost always on the spotlight. This is to mean that your actions will always be analyzed and criticized. This means that for you to gain influence and maintain it, you will need to possess another special characteristic: the greater good. Your followers are following you because they believe that they stand to gain something when they follow you. That is human nature. So make sure that whatever you do has them in mind.Good verbal and non-verbal communicators: One big plus of being high in interpersonal intelligence is seen when trying to get the message across. You will be aware of the message you are giving by measuring the impact of the words and any non-verbal cues you might be giving. Interpersonal intelligence also equips you to accurately understand both verbal and non-verbal messages.Highly Empathetic: When you are able to understand the message the other person is trying to get across, you will be able to better understand how they feel. As a result, you will react appropriately to their needs and they will thank you sincerely for that, especially if you are in a position of power.Confident: Interpersonal intelligence gives you control over the emotions around the room. You will know when people are happy, offended or uncomfortable. In addition, it will be easier to know why they are feeling the way they are and the best way to react. This control brings with it a sense of confidence because you will know exactly whatâs going on.Establish rapport quickly and easily: With high interpersonal intelligence, you have no problem hitting it off even with complete strangers. You can easily tell the kind of person you are dealing with early into the conversation hence you will know how best to handle them.Very comfortable in social events: While the nerds will have a hard time in social gatherings, the opposite is true for people with high interpersonal intelligence. These people actually enjoy social events because they like interacting with others. As a result, they learn best by working with others hence interactive learning sessions are best for them.Now that we know the characteristics of someone with interpersonal intelligence, letâs take a look at a couple of examples that show interpersonal intelligence. We will use the example of the wprkplace.Example 1Bob is a salesman for ABC Insurance Company. His salary at the end of the month is calculated based on the amount of business he brings during that month. This means that his pay check will be as fat as the number of customers he brings.Ashley is one of Bobâs prospects. Unlike Bob, she is looking for value. She doesnât car e how much money Bob earns. Her only goal is to get value for the money spent on the insurance cover. So when Bob approaches her, she will be thinking about what she gets out of the cover.Since Bob has high interpersonal intelligence, he wonât come telling Ashley to purchase any premium and present a list of all the different products available from ABC Insurance Company. Instead, he will start with identifying a need in Ashleyâs life that can be addressed by one of the products. He will put himself in Ashleyâs shoes and present the value in a way that she will understand.The result? Ashley sees that indeed she needs the cover and she will be happy to pay.Letâs look at another example:Example 2Mike knows that he has enough leverage to ask for a raise. However, whether he is granted the raise or not will depend on the way things will go when he goes to ask for it. He knows that the company can afford the raise, and his work has been of value to the department.Karen is Mikeâ s boss. Her number one objective is to ensure that her department wins the department of the year award. She seeks to achieve this by maximizing efficiency in all operations in the department. As a result, she is always pushing Mike and the other juniors in the department to minimize wastage.One day, Karen comes to work looking unhappy and she doesnât even say hi to the people she finds along the corridor as she walks to her office. In the next few hours she is sad and even reprimands a fellow employee for arriving to work late. Although Mike hasnât done anything wrong, if he goes to Karen asking for a raise, chances are that he wonât get it.However, if Mike waits for a day when Karen is in a good mood, probably after he has done something commendable and Karen has noticed and congratulated him for, he stands a greater chance of getting the raise.That is interpersonal intelligence at play.DEVELOPING INTERPERSONAL INTELLIGENCEItâs clear that interpersonal intelligence is impo rtant regardless of the field or industry. The good thing is that it is not one of those things that people are born with.It is totally learnable and with a little practice, it can be developed. Here are some of the steps that you can take to improve your interpersonal intelligence:Get organized: Poor time management can easily make activities like team-building and staying in touch with your network seem unnecessary. By being organized, you will be able to set apart some time for keeping in touch with friends and business associates hence it will be easier to relate on a more personal level.Set quantifiable targets: Instead of setting a general target like meeting more people, you need to set quantifiable targets that you can measure and track. An example would be meeting a new person every day, week or month depending on your industry and line of work. Sales people for example would want to meet more people so that they can use the wider networks to generate more leads.Join a grou p: Even if you are an introvert, sometimes all it takes is pushing yourself out of your comfort zone. You may not be very happy around large groups of people, but staying secluded does little to help. Find a physical activity or hobby that you are passionate about like fishing, dancing or chess and join a group of people that meet regularly for the activity. These regular meetings will help you meet new people and in a way help you get better at relating with people by putting you in different social situations.Practice active listening: One of the most useful skills when dealing with people is listening. Many of the problems in homes and workplaces could easily be avoided by listening more. Note that listening is not waiting for your turn to speak. You need to take in what the other person is saying, think about it and try to understand what they feel about the matter being discussed. No matter how much you think you are right, donât just shove things down the other personâs th roat. You can do this with your spouse, children or even colleagues at work.Take a leadership role: Sometimes all it takes is a challenge to know what you are capable of. In most cases, we underestimate ourselves and our true potential comes out when we have no choice but to step up. When you get a chance to lead, take it and give it your best shot. You might be surprised to find out how good you are at it.Strike up conversation with a stranger: Be it in the morning commute or when you are waiting in line at a public place, initiate conversation with a complete stranger and see where it goes. It may not always go well, but every encounter will help you know how to deal with different kinds of people. Even knowing how to break the ice with a total stranger without sounding creepy is a rare skill that could help significantly improve your interpersonal intelligence.Read books: There are lots of books about socially competent public figures. These biographies will help you figure out s ome of the unique traits that helped them become influential. Then you can apply some of the lessons that you will learn in your own life and see the difference in your relationships. There are also a number of non-fiction books about managing people that can be very helpful. Here are nine of the best books on this subject.Mediate conflicts: When your colleagues disagree, offer to mediate the conflict and find a middle ground that works for both parties. Remember not to take sides, no matter who you think is right. Start with looking at the situation from each personâs perspective and understand why they feel the way they do about the issue.Observe: When interacting with other people, find something you genuinely like about the other person and find a nice way of bringing it into the conversation. Observe the effect of this on the conversation and the effect on the both of you.HOW INTERPERSONAL INTELLIGENCE AFFECTS CAREER PROGRESSDale Carnegie in his book How to Win Friends and In fluence People said that you can make more friends in two months by becoming interested in others than you can in two years by trying to get other people interested in you. The same applies in career progress.Picture this: a senior manager resigns and leaves the position up for grabs. Several junior managers are qualified to take up the position but only one of them will be given the chance. Letâs assume two individuals, John and Jane, have been at the company long enough and they have the requisite skills to fill up the position.However, John is one of those people who thrives by minding his own business. He is good at his work and is very competitive. When targets are set, he will do all he can to exceed them. Jane on the other hand is the exact opposite. She is always challenging others to exceed expectations and as a result, other people find value in being around her. Needless to say, she is also more influential when compared to John who sees other people as competitors.Who do you think is more likely to get the promotion? Of course itâs Jane. John is perfect as an employee, but a terrible manager because he canât connect with other employees. Although Jane may not be producing perfect results like John when working alone, she produces better results when managing a team and thatâs what management is all about.The higher you go on the career ladder, the more interpersonal intelligence you will need. This is because at the lower levels, your seniors only want you to do your job and produce the best outcome. As you move up the ladder, you find that more and more people are working under you and it wonât be long before it becomes your responsibility to keep them motivated and productive during the workday.As demonstrated in the examples above, interpersonal intelligence affects your career progress in the following ways:Youâll be more influential hence people will be happier to work under youYou will have better access to information and new opp ortunitiesYouâll have an easier time seeking approvals from superiorsYou will naturally rise up to fill any leadership vacuum when the situation calls for itInterviews will be more enjoyableNetworking events will be more usefulPeople will remember you more, hence when opportunities arise, you will be more likely to be chosenBy empowering and encouraging your colleagues, you will be able to build a stronger team that will produce even better results in your assignments resulting in more rewards for everyoneYou will be able to resolve conflicts early before they turn into rivalry that can impact negatively on the group or departmentâs resultsYou will be able to give feedback without offending, hence it will be easy to make improvements without creating conflictsHOW TO BENEFIT FROM INTERPERSONAL INTELLIGENCELetâs finish our discussion by looking at some of the benefits of having interpersonal intelligence and how you can get them.Understanding othersThe first benefit of high inte rpersonal intelligence is definitely the better understanding of the people around you. Once you know who you are dealing with, it will be easier to make yourself understood by them. The end result is better and clearer communication hence things flow faster and hitches are avoided.To get this benefit, you need to forget about your own feelings and opinions. You wonât understand how the other person feels when you are only thinking about how you feel. Listen to what they have to say and maintain an open mind the whole time.Donât be judgmental even if their thoughts differ from yours. With this approach, you will notice small changes in the other personâs tone or body language and know if they like where the conversation is going. Armed with that information, you will be able to tell what the other person is thinking even before they say it.Getting the message acrossSometimes what we think we say is not exactly in line with what the other person understands. This is the cause o f many misunderstandings which easily end up in undesired results. With a strong interpersonal intelligence, you will know how to express your desires, beliefs and feelings in a manner that doesnât offend the people around you.To get this benefit, you need to try and accommodate your audience in what you say. If you know that there are people who donât agree with your feelings and beliefs, donât speak to them like your way is the only way.Say what is on your mind, but stay open to different perspectives on the matter. This will give anyone who has a different opinion a reassurance that they can air their views without fear of judgment.Airing your needsOne big benefit of high interpersonal intelligence is the fact that you will find it easier to air your needs. It is human nature to shy away from things that might make you look selfish. This can make you reluctant to air your needs in some circumstances. Interpersonal intelligence will help you understand the other person so th at you can know how and when to air your needs.When it comes to making requests and asking for favors, you can get more by timing the request appropriately. Asking nicely will help, but the request will be more effective when you know when to ask. Before making the request, look at the situation from the other personâs perspective and ask yourself if you would have said yes if tables were turned.Influencing othersConvincing people to work together is not the easiest task. Many times, conflicting interests cause groups to lack harmony. With strong interpersonal intelligence, itâs possible to influence others to forget about their individual interests and work for the greater good.To get this benefit, you have to speak confidently to your team about what it is you expect from them. By being confident and eloquent, team members will look up to you and want to be a part of your end result.When you reach here, youâll find that they agree with the assignments you give them. Of cours e, the assignments should be reasonable and in line with the task that you are seeking to accomplish as a group.Conflict resolutionOne key strength of having strong interpersonal intelligence is the power to resolve conflicts. Since you can objectively analyze situations and come up with a practical solution, you will be able to reduce tension among colleagues hence promote harmony.To get this benefit, you need to be as objective as possible when you find yourself mediating a conflict. Look at the situation from each personâs perspective and try to empathize with them. Find out what is causing the problem and why each person feels the way they do.Next, ask both parties to suggest solutions that would make things better between them. Be an active listener and observe any non-verbal cues that could tell you more about the situation. You want to steer the discussion away from finger pointing and towards a solution acceptable by both parties.No matter which field you work in, interper sonal intelligence is something that will always be beneficial to you in the long run. Knowing how to live with people will always be beneficial to your career progress so itâs vital to invest time in developing this.
Sunday, May 24, 2020
Similarities in Thonney, Williams, and McEnerney Writing consists of self expression, an outlet of creativity to communicate ideas. An individualism thought, purpose, and goal we are able to carry out towards our intended audience. Writing allows us to credit those who have impacted our lives positively. Furthermore, Academic essay writing is an important and effective piece in oneÃ¢â¬â¢s life in order to gain knowledge that will allow us to present our ideas clearly and logically. Furthering your education consist of constantly writing papers in many college courses in order to convey your message across, therefore, it is important to be aware of how Academic Writing impacts ones education. Lucy Maud Montgomery, Edgar Allen Poe, and WilliamÃ¢â¬ ¦show more contentÃ¢â¬ ¦Thonney states, Ã¢â¬Å"a study of scholarly research articles from six disciplines provides insight about academic writing that composition instructors can use to prepare students to write across the curriculumÃ¢â¬ (2011 pg. ). Moving forward, Joseph William s and Lawrence McEnerneyÃ¢â¬â¢s essay, Ã¢â¬Å"Writing in CollegeÃ¢â¬ targets students currently enrolled in college which is clear from the title itself and its first opening sentence at the beginning of the first paragraph. The author states, Ã¢â¬Å"Some students make very smooth transitions from writing in high school to writing in college, and we heartily wish all of you an easy passageÃ¢â¬ (Williams and McEnerney page 1). Throughout the essay, the author provides a set of structure and tips that first year college students should know when writing an academic paper. Among this paper, we are able to see that there are students whose instructors are dissatisfied with their paper because it is Ã¢â¬Å"lacking somethingÃ¢â¬ ( Williams and McEneneryÃ¢â¬â¢s pg1 ), it isnÃ¢â¬â¢t Ã¢â¬Å"quite thereÃ¢â¬ or Ã¢â¬Å"You havenÃ¢â¬â¢t changeÃ¢â¬ . Both passages consist of informative research that first year college students can identify themselves. One of the similarities that both passages portray consists of the style of writing, the way the author carries out the messages allow the audience to understand the
Wednesday, May 13, 2020
In IndiaÃ¢â¬â¢s history, many men and women have stepped forward to leave a legacy behind. However, no one has come close to leaving one behind the way Mohandas Gandhi did. Gandhi is known as a legend by the people of India because he led their country to freedom from British rule. During this time, Britain was one of the most powerful nations and most heavily armed group of men. The biography, Gandhi The Man, His People, And The Empire , written by GandhiÃ¢â¬â¢s grandson, explains from a family perspective how Gandhi was a powerful leader that conducted peaceful protest with non-violence. In this biography, the narrator explains some of GandhiÃ¢â¬â¢s worst flaws and greatest achievements. Even though India faced multiple hardships trying to breakÃ¢â¬ ¦show more contentÃ¢â¬ ¦From that moment, Gandhi became cognizant of his values and beliefs. At the end of GandhiÃ¢â¬â¢s high school education, he decided he wanted to be a lawyer. In order to do so, Gandhi sought to go to Eng land. In GandhiÃ¢â¬â¢s own words, Ã¢â¬Å"It was an uncommon thing for a young man from Rajkot to go to EnglandÃ¢â¬ (Gandhi 21). Mohandas went to England with a friend, leaving his wife, son, and mother all behind. On his trip to England, Mohandas Gandhi struggled with the English language, and how to eat with utensils. Gandhi, who did not eat meat, survived off sweets and fruits on the ship because he was afraid to ask which foods were meat free. Rather than engaging with others, Gandhi remained reserved on the ship. The ship docked on September 29, 1988, and from there, Gandhi took a train to London. Eventually, Gandhi arrived at the Victoria Hotel, where he stayed. Gandhi described London to be Ã¢â¬Å"alive with ideas and movementsÃ¢â¬ (Gandhi 29). Gandhi enrolled at the Inner Temple University, and graduated in 1891. He was then admitted to the bar of England, and began reading the ideas of David Thoreau on nonviolence. These ideas shaped GandhiÃ¢â¬â¢s beliefs on handling matters without violence. He soon realized he could not be successful as a lawyer in England and returned to India. However, this did not stop GandhiÃ¢â¬â¢s adventures. Gandhi soon traveled to South Africa to work for a firm. In South Africa, GandhiShow MoreRelatedGandy and the Ahimsa Philosophy Essay844 Words Ã |Ã 4 Pages One of the most famous leaders of a non-violent movement was Mohandas K. Gandhi. Most of GandhiÃ¢â¬â¢s intellectual, social and political ethics and beliefs developed in the search of truth and non violence, or ahimsa, the opposite being himsa. Ahimsa is simply defined as to not injure, and himsa defined as to injure. Ahimsa is also referred to as nonviolence, according to many religions (Indian) it applies to all living beings including. Ã¢â¬Å"Ahimsa is a comprehensive principle. We are helplessRead MoreRhetorical Analysis Of Gandhi s Ethos, Pathos, And Logos ``918 Words Ã |Ã 4 Pages Mahatma Gandhi was one of the most iconic revolutionary figures of all time. This iconic figure received worldwide fame by attacking British-ruled India, while abiding by his moral codes of peace. He was never known for being financially affluent, but was widely embraced for his focus on moral growth. Gandhi applies Aristotle s modes of persuasion by using ethos, pathos, and logos in order to convince his audience of his ideologies. In an article titled Ã¢â¬Å"Ethos, Pathos, and LogosÃ¢â¬ the authorRead MoreRichard Attenborough s Film Gandhi1098 Words Ã |Ã 5 PagesAttenboroughÃ¢â¬â¢s film Gandhi (1982) unveils the saga of the greatest Indian freedom fighter and political activist Mahatma Gandhi. Attenborough presents a realistic and chronological record of the events in GandhiÃ¢â¬â¢s life related with Indian Independence Movement. He made Ben Kingsley, the popular British actor enacting the role of Gandhi. The film opens by showing the end of Gandhi, after being shot by a Hindu fanatic and his burial with thousands of people mourning. The burial scene of Gandhi in the filmRead MoreGandhi : An Indian Politician1164 Words Ã |Ã 5 PagesKaramchand Gandhi born in 2 October 1869 in Porbandar and died in Delhi on January 30 1948, at the age of 78 years old. He is from a rich Hindouiste family of the caste of Vaishyas (caste of the traders), just below the caste of the members of a religious order of the warriors. He is the youngest of his 3 other brothers. He was a spiritual guide and an Indian politician. His father, Karamchand Gandhi, is Prime Minister of a small principality by inheritance of the privileges of his family. His motherRead MoreWho Is The Leader Of The Indian National Congress?1507 Words Ã |Ã 7 Pages At first glance, these two historical figures could not seem more distant. Mohandas Gandhi campaigned a universal and tolerant version of religion and upheld these beliefs through his political movement. In contrast, Osama bin Laden has been credited for creating an antagonistic and combative interpretation of traditional Islam that led to some of the most gruesome acts of terror observed in the twenty first century. Although both of their ideals stand on opposite ends of the spectrum, theyRead MoreEssay on Gandhi`s Passion Towards Helping Indians1125 Words Ã |Ã 5 Pagesnbsp;nbsp;nbsp;nbsp;nbsp;Mohandas Gandhi was born in Porbandar, a small coastal town in the western region of British ruled India on October 2, 1867. GandhiÃ¢â¬â¢s father was a politician and served as Prime Minister to a number of local Indian Princes. His mother, Putilibai, was GandhiÃ¢â¬â¢s fatherÃ¢â¬â¢s fourth wife. His parents were not well educated but his mother was literate. Despite their educatio nal problems they were well off and owned several houses in Porbandar, and in nearby villages. BecauseRead MoreThe Impact Confucius, Gandhi, and Western Ideas had on China, Japan, and India1525 Words Ã |Ã 7 PagesThe Impact Confucius, Gandhi, and Western Ideas had on China, Japan, and India Ã¢â¬ËThe future depends on what you do todayÃ¢â¬â¢(Gandhi). In Japan, China, and India each country was faced with similar opportunities, and chose a different path that has impacted their future, setting them aside from one another. When Western countries came into China, India, and Japan, each country reacted differently to the Western ideas that these foreigners brought which would then change the culture. Japan and ChinaRead MoreMahatma Gandhi Essay1455 Words Ã |Ã 6 Pageslifetime of philosophical experimentation. The man known as Mohandas Gandhi was this spirit of truth incarnate. But care must be taken not to deify Gandhi, his life was a ceaseless struggle towards deeper understanding, and his many accomplishments belie his humble origins. To see the man beneath the legend we must return to his humble origin and trace the ascension of his ideals, and find the wellspring of his strength. By understanding how he discovered his values it will be clear that the actions heR ead MoreThe Leadership Of A Servant Leader885 Words Ã |Ã 4 Pagesamongst the greats: Mahatma Gandhi. Gandhi was known for his quiet, servantly form of leadership that had an immense impact on the world. It is said that Gandhi was the greatest servant leader in history, second only to Christ. In order to see the leadership of this man, the story of his life must be outlined. Mahatma Gandhi (born Mohandas Karamchand Gandhi) was born on October 2nd, 1869 in Porbandar, India. His mother, Putibai, was a very religious woman. His father, Karamchand, was the chiefRead MoreGandhi is a Miracle to the Indian People Essay examples1316 Words Ã |Ã 6 PagesThe Miracle of Gandhi What are miracles? Miracles are certain events, which cannot be explained and are scientifically possible. Miracles are great and small. Small miracles occur everyday. An unprepared student passing a test is a miracle for the student. A driver surviving a horrible car crash is a miracle. A doctor saving another victim from death is another miracle. There are great miracles, miracles that cannot be explained. Some unexplainable miracles are faith healers, power of
Wednesday, May 6, 2020
Question: Ã¢â¬â Review idealism and realism in international relations. Introduction When studying international relations as an academic discipline studying about Idealism and realism is a major concern. These two approaches are used widely when it comes to decision making procedures. We will write a custom essay sample on Review Idealism and Realism in International Relations. or any similar topic only for you Order Now In idealism the decisions are made using ideas. Institutions such as League of Nations, United Nations as well as Local organizations like Organization of African Unity are developed according to the idealist tradition. This was introduced as a educational thought in 400 BC by Plato. He thought that the humans could be improved from within by correcting their thoughts and discovering knowledge already lies within since birth. The more perfect our ideas are the better we can serve the world. In realism world politics are driven my competitive self- interest. This further details that all states operate under as the greatest factor in causing nations to diverge from morally guided behaviour. Until World War II the actual theory of realism did not came about. Realism theory has been introduced from historical writers such as Machiavelli, Hobbes, Thucydides and Sun Tzu. But Hans J. Morgenthau and E. H. Carr are considered most instrumental in establishing the tenets of classical realism theory in modern age. This theory differs from all considerations of legality and moral guidance from state policy that holds that all states are capable of violating laws if there is any necessity to advance their interests and power. These two different theories created a significant change in International Relations all over the world. Most political, economical decisions are taken by using Idealism and realism as reference to analyze and understand the facts. Idealism Idealism is a term applied to any idea, goal or practice considered to be impractical. As examples entrusting international security to the UN, creating an African union on the model of European Union, global eradication of poverty and injustice, etc. can be pointed out. Idealists usually rest on a pessimistic perspective towards human nature along with an historical judgment to achieve a change in world affairs. Idealists emphasize the power of reason. They strongly believe in the effectiveness of ideas. Through this they see the possibility of establishing a political system rimarily on morality. This will lead the humans to remove their selfish ideas and helps to build a nation that forms peace, prosperity, cooperation and justice. When a person looks at war in an idealist view, it can no longer be considered by anyone as a suitable way to achieve goals. It is because it affects both parties severely. Former President of the United States of America Woodrow Wilson is cons idered to be one of the key founders of Idealism. He presented the Ã¢â¬Å"Fourteen pointsÃ¢â¬ proposal that was contained on his speech to a joint session of congress on 1918. The address was intended to assure the world that the Great War (World War I) was being fought for a moral cause and for postwar peace in Europe. One of the most well known outcomes of Idealism is the democratic Peace Theory. This states that similar modes of democratic governments do not clash each other. As an impact of Idealism on International Relations Organizations like League of Nations. This was resulted in the covenant of the League of Nations with 42 original members. But this was ineffective because it had no power to enforce its decisions and issues in security. Due to these reasons the league was dismantled in the year 1940 but it had served as a model for the United Nations. Following the failure of League of Nations and the outbreak of the Second World War, descendent theories like Liberalism and Neo-conservatism were created. Through Liberalism organizations like United Nations, NATO, International regimes like Bretton Woods System were built. Neo-conservatism was drawn from Liberalism and focused more on universal values such as Human rights, democracy, free trade, minority protections etc. nlike other theories Neo-conservatism is willing to use force if necessary to push for its goals. Realism This is a theory that world politics is driven by competitive self- interest. It implies that realists see that humankind is self-centered and competitive. Also they believe that the principal actors in the international system are sovereign states. The basic assumption of Realism is that man is wicked, aggressive and bad and also state struggles for power. This implies that realism possesses a pessimistic, negative and a suspicious behavior. This was originated after the Second World War. But its primary assumptions were noted in its earlier writings. People like Thucydides, Sun Tzu, and Otto Van Bismarck can be pointed out as examples. It began as a wide field of research after the war. People like Hans J. Morgenthau, Carl von Clausewitz are considered as the modern thinkers of the classical realism. This theory has been associated with thinkers like Niccolo Machiavelli and Thomas Hobbes. Hans J Morgenthau described about six principles of Political Realism. 1. Political realism believes that politics, like society in general, is governed by objective laws that have their roots in human nature. 2. The main signpost of political realism is the concept of interest defined in terms of power, which infuses rational order into the subject matter of politics, and thus makes the theoretical understanding of politics possible. Political realism avoids concerns with the motives and ideology of statesmen. Political realism avoids reinterpreting reality to fit the policy. A good foreign policy minimizes risks and maximizes benefits. 3. Realism recognizes that the determining kind of interest varies depending on the political and cultural context in which foreign policy is made. It does not give Ã¢â¬Å"interest defined as powerÃ¢â¬ a meaning that is fixed once and for all. 4. Political realism is aware of the moral significance of political action. It is also aware of the tension between the moral command and the requirements of successful political action. Realism maintains that universal moral principles must be filtered through the concrete circumstances of time and place, because they cannot be applied to the actions of states in their abstract universal formulation. . Political realism refuses to identify the moral aspirations of a particular nation with the moral laws that govern the universe. 6. The political realist maintains the autonomy of the political sphere; he asks Ã¢â¬Å"How does this policy affect the power and interests of the nation? Ã¢â¬ Political realism is based on a pluralistic conception of human nature. The political realist must show where the nationÃ¢â¬â¢s interests differ from the moralistic and legalistic viewpoints. How to cite Review Idealism and Realism in International Relations., Essay examples
Tuesday, May 5, 2020
Question Discuss about the Strategic Aspects of the AGL Company. Answer: AGL is one of the largest and fastest growing energy companies in Australia. The company has experience in the field of energy business for more than 180 years. The core business areas of AGL are gas, electricity, solar PV and other related products and services. The company has been providing the above discussed products and services to the people of Australia. AGL has a customer base of 3.5 million. The mission of the company is to provide a carbon-constrained future to the people of Australia. In todays world, AGL has been considered as one of the integrated energy companies that have been providing various kinds of energy related products or services for a long period. The main business operation of the company is to operate and generate renewable energy in Australia. The main objective behind this generation of energy is to reduce the effect of green house gas emission from earth. The company has a diverse power generation portfolio. Some of the major parts of this portfolio are base, peaking and intermediate generation plant, storage of natural gas and different kinds of renewable sources like wind, hydro, solar, landfill gas, biomass and others. Apart from all these, the company has an electricity distribution network. The main operational area of this electricity distribution network is the eastern part of Sydney, Hunter region and Central costs. Another major operation of the company is to set up energy and gas plans for the businesses irrespective of size and type of the businesses (agl.com.au, 2017). AGL has been operating in the renewable energy industry of Australia. As per the current trend, the future of the renewable energy business of Australia is bright. As per the opinion of most of the scientists of the world, Australia has the ability to become the leading renewable energy superpower in the world. One of the major reasons behind this statement is the storage of fuel energy of the country. The demand for renewable energy in Australia is increasing as the Australian Government has recently implemented 33,000 GWh Large-Scale Renewable Energy. At present, 16% of the total electricity used in Australia is renewable energy. In this, majority of the energy is from wind energy. There is also presence of biomass and hydro energy. The Government of Australia is considering the fact that in the recent years; one third of the energies used in Australia will be the solar energy (Oliphant, 2015). It can be seen that there are three major companies that are considered as the competitors of AGL. They are Duke Energy Corporation, International Power Limited and Origin Energy Limited. All these companies are in the business of energy and power. Duke Energy Corporation is involved in the supply of electric and gas to the people of south and mid Australia. The main business operation of International Power Limited is fossil-fueled power plants. The main business operations of Origin Energy Limited are gas, power, energy and others. These are the main business operations of these companies (Twidell Weir, 2015). Based on the above discussions, it can be said that AGL has a bright business prospect in the near future. The growth in the renewable energy industry is the main reason of this. AGL can take advantage of the improvement of the above-mentioned positive factors and they should make future business strategies based on them. Yao et al., (2015) opines that the financial structure of a firm can be referred to as the specific mixture of long term debt as well as equity that a corporation utilizes in order to fund its operations. Essentially, this composition directly affects the risks as well as asset value of the business. The financial structure of AGL can also be divided into amount of particular cash flow of the company that gets directed towards creditors and another amount that is provided to specific shareholders. Therefore, the business enterprise AGL also has own particular debt equity ratio. Total borrowing of AGL has increased $3.9 billion from $3.7 billion; the percentage of increase is 5.4%. The increase is due to the acquisition of Macquarie Generation. In the year of 20114, the company issues Medium Term Notes worth $600 million. In the year of 2015, the company raised funds of $410 million with the help of long-term borrowing. At the end of 2015, the companys (Net Debt/ (Net Debt + Equity) w as 28.6%. With the help of the raised funds, the company developed a facility with a cost of $100 million (AGL Annual Report 2015 2015). Equity share capital of AGL for 2015 and 2014 was $6696 million and $5437 million respectively. The portion of equity capital increased in the year 2015. The amount of long-term borrowings in the year 2015 and 2014 was $3439 and $3669. The amount decreased in the year 2015 (AGL Annual Report 2015 2015). In the year of 2015 and 2014, the amount of intangible assets of the company was $3266 million and $3248 million respectively. The key elements of financial performance of the firm are the assets, liabilities, equity, specific investments that are made by owners, distributions to different owners, earnings, expends, profits or else losses in addition to comprehensive income. Assets are essentially those things that a corporation owns. Assets comprise of cash, inventory of products, plants and buildings, property together with different intangible assets. The assets of AGL is recorded to be $15833 million during the financial year 2015 (AGL Annual Report 2015 2015). Liability of a firm is necessarily a firms financial debt or else obligations that stem particularly during specific course of operation of business. As such, the liabilities can be settled properly by way of transference of economic advantages that comprises of funds, products as well as services. Essentially, the liabilities of the firm is registered to be $7018 million in 2015. Essentially, equity refers to value of the overall shares that are issued by a corporation. In essence, the equity of the firm AGL is registered to be $8815 million during the financial year 2015. Again, the investment of the business concern of AGL that is recorded to be $91 million refers to funds that is invested by the corporation (AGL Annual Report 2015 2015).). Another very important factor that reflects financial performance of a firm is the revenue that is the overall flow of earnings of a corporation that is generated by selling a specific quantity of companys output particularly at a price, deducting tax to the government. The revenue of the firm AGL is registered to be $10678 million. However, expend of the firm is recorded to be $9759 million. Again, profit that indicates financial gains is essentially variance between the amount earned and spent in buying, running or else producing something. As such, the profit for the company AGL is registered to be $218 million (AGL Annual Report 2015 2015). In the year of 2014, after the completion of the financial year, AGL made a 100% acquisition of Australian Power and Gas Company Limited (APG). The company has mentioned this event in the next year financial statement and adjusted the entry accordingly (AGL Annual Report 2015 2015). The transaction cost of the acquisition was $16 million. $2 million was associated with the termination process of the funding facilities of APG. $21 million was associated with the existing customer service arrangements. $11 million was associated with other termination costs. AGL has changed the recognition of distribution use of system costs. This change lead to the grossing up of the revenues and expenses in the consolidated statement. Due to this change, there was a restart of comparative information in the consolidated financial statements (agl.com.au, 2017). AGL declared about this market to the market essentially on January 22 of the year 2015. This change in the process of recognition of the Distribution Use of System costs was essentially carried out in South Australia and Queensland for essentially the operating segments of Energy Markets. In addition to this, the company also declared a change in the basis of the reporting segment in order to align with the structure of the organization on particularly April 16 of the year 2025 in addition to subsequent assessment and restructure of the Upstream Gas Business (AGL Annual Report 2015 2015). Therefore, segment comparative information has been restated to replicate the alterations in the reportable operating sections. Carrying amount of each class of Property, Plant and Equipment at reporting date of AGL As rightly indicated by Hu et al., (2015), carrying amount can be used in place of book value. In essence, the carrying amount indicates towards the amount that a particular corporation has essentially on the books for asset or else liability (Hodgson Russell, 2014). The standard AASB 116 is applicable for accounting the plant, property as well as equipment excluding when other regulations allows a diverse treatment of accounting. As per the AASB 116 para 6 (definitions), carrying amount can be regarded as the amount at which a particular asset is detected after deduction of any accumulated depreciation as well as accumulated impairment loss (Aasb.gov.au, 2017). As per the consolidated statement of financial position of the firm AGL presented in the annual report of 2015, the property, plant and equipment stated under the non-current assets has a carrying amount of $6958 million (AGL Annual Report 2015 2015). Description of accounting policies related to Property, Plant and Equipment adopted by AGL The financial declarations of the corporation AGL have been prepared consistent with the Corporations Act 2001 as well as the Accounting Standard AASB 1039 Concise Financial Reports (AGL Annual Report 2015 2015). Essentially, financial statements of the firm AGL Energy Limited are an extract from particularly the full statements. The accounting policies that can be associated to plant, property and equipment is AASB 116 (Aasb.gov.au, 2017). This particular standard is particularly applicable for the purpose of accounting of plant, property as well as equipment except when other standard necessitates or else permits a diverse accounting usage. According to the directives stated under the regulations AASB 116 paragraph 6 (recognition), cost of a particular item of plant, property as well as equipment needs to be detected as a specific asset iff (if and only if) it is likely that the economic benefits in the upcoming period can be related to the item shall flow to the business entity an d the items cost can be reliably enumerated. Again, as per paragraph Aus. 15 of the accounting regulation AASB 116, items of plant, property as well as equipment that essentially qualifies for recognition as a specific asset can be enumerated at the cost (Aasb.gov.au, 2017). The standard essentially includes certain reporting requirements. The standard is essentially to account for particular plant, property and equipment, mainly its recognition and subsequent treatment by means of two different mechanisms that is cost as well as revaluation. Essentially, this standard covers majority of physical assets until and unless the specific assets are covered by another regulation. The recognition of the asset as per (para 7 to para10) essentially happens at the time when upcoming economic benefits can be associated to assets that can flow to business concern and cost of asset can be enumerated dependably. As per para 13, assets need to ne enumerated at cost (Aasb.gov.au, 2017). Description of the accounting policies related to Intangible Assets adopted by AGL The accounting policies that can be associated to intangible assets adopted by AGL Limited is AASB 138 (Aasb.gov.au, 2017). In particular, this standard is essentially applicable to different business entities that requires to arrange and prepare financial declarations according to Part 2M.3 as stated under Corporations Act and that is essentially a reporting entity. Again, this standard is also applicable for general purpose financial statements of each reporting unit as well as financial declarations that are necessarily general purpose financial statements. Again, as per Aus 1.2, this standard is applicable to different annual reporting periods that are beginning on or after January 1 of the year 2005 (Aasb.gov.au, 2017). Again, the scope of this standard shows the applicability of this regulation for accounting of intangible asset barring intangible assets that within the scope of other Australian Accounting Standard, financial assets that are as distinctly defined in AASB 132 fo r presentation of financial instruments, recognition as well as measurement of particularly exploration as well as evaluation assets, expends on development along with extraction of minerals, oil, natural gas as well as identical non-regenerative assets (Aasb.gov.au, 2017). The intangible assets under the total noncurrent assets is recorded to have the value of $3266 million (AGL Annual Report 2015 2015). Impairments Impairment loss is essentially enumerated at a particular amount by which carrying value exceeds the fair value (Yao et al., 2015). As rightly indicated by Russell (2015), after detection of impairment loss, adjusted carrying amount of specific intangible asset becomes the new accounting ground. As per the statutory financial outcomes of the firm AGL Energy Limited, so far the highest of the significant items is essentially the impairment of around $600 million in essentially the value of upstream gas assets of Gloucester (AGL Annual Report 2015 2015). Again, the sale of copper oil is also underway and anticipated to lead to loss of around $7 million before tax. An impairment charge can be recognized during the financial year 2015 in comprehension of the event. Conclusion The above discussion shows that that AGL has attractive business opportunities in the future as the renewable energy and power industry of Australia is going through massive growth and it is going to grow more in the future as per the expectations. It can be seen from the discussion that AGL has an effective financial structure. The unrecorded financial incidents of the previous year were adjusted in the current years financial statement. In case of the commutation of plant, property and equipment, the company follows the principles of AASB 116. References Aasb.gov.au, (2017). Retrieved 9 May 2017,from https://www.aasb.gov.au/admin/file/content105/c9/AASB138_07-04_COMPjun14_07-14.pdf About AGL | AGL. (2017).Agl.com.au. Retrieved 9 May 2017, from https://www.agl.com.au/about-agl AGL Annual Report 2015. (2015).Agl.com.au. Retrieved 9 May 2017, from https://www.agl.com.au/-/media/AGL/About-AGL/Documents/Investor-Centre/150826_AnnualReport_1466512.pdf?la=en Hodgson, A. Russell, M., (2014). Comprehending comprehensive income.Australian Accounting Review,24(2), pp.100-110. Hu, F., Percy, M., Yao, D. (2015). Asset revaluations and earnings management: Evidence from Australian companies.Corporate Ownership and Control,13(1), 930-939. Oliphant, M. (2015). Renewable Energy in Australia. InEnergy Efficiency and Renewable Energy Handbook, Second Edition(pp. 119-131). CRC Press. Residential | AGL. (2017). Agl.com.au. Retrieved 9 May 2017, from https://www.agl.com.au Russell, M., (2015). Management incentives to recognise intangible assets.Accounting Finance. Twidell, J., Weir, T. (2015).Renewable energy resources. Routledge. Yao, D. F. T., Percy, M., Hu, F. (2015). Fair value accounting for non-current assets and audit fees: Evidence from Australian companies.Journal of Contemporary Accounting Economics,11(1), 31-45.