From Swords to Ploughshares Three generations of Family Entrepreneurship, Conflict, Transition, and Connection Free Essay Example, 1000 words

Issues on Conflict, Transition and Connection in the Company with Close Family Relationships September 4 Describe how successful the business has been at recognizing and satisfying stakeholder interests The McNeely’s companies have become more successful once they started listening and respecting each other. Harry McNeely Jr. outlines it in the following way: â€Å"You have to listen and respect those needs in a business family, but that wasnt happening with the siblings in my fathers family† (Carlock & Florent-Treacy, 2009, p. 210). Major and minor shareholders were at conflict with each other. There should be a decision-making respecting and elegantly realizing what each party insists on in order to omit some detrimental outcomes. Definitely, in case with McNeely, the business grew upward once they realized the need for the outside professionals having no family ties and managing things in an up-to-date way with no great ambitions for his/her share in the company. The need for equal partnership between siblings was the way out. Thus, the division of Space Center Inc. has become too vital to resolve the problem of holding shares between all parties. We will write a custom essay sample on From Swords to Ploughshares: Three generations of Family Entrepreneurship, Conflict, Transition, and Connection or any topic specifically for you Only $17.96 $11.86/pageorder now In this way, Don’s strategic solution for involvement of new participants from different circles of business and financial elite outside the family made it possible that the inner conflict began decreasing eventually. Finally, by recognizing and satisfying stakeholder interests, there is no place for contradiction among the family members and parties joining the company from outside. On the part of Don and Harry, it was a constructive decision that they engaged into multifaceted interaction among the senior staff members letting, therefore, no place for destruction within the company. 2. Describe the mechanisms that are available to manage relationships with stakeholders and to influence the strategic direction and performance of the company. First off, one of the main mechanisms to make sure the company drives toward the effective management of relationships between stakeholders is diversification and delegation of power on equal basis and with the goal toward positive result even though the family-related CEO is fired. Making the board’s decisions independent in terms of CEO election even though the company is run by McNeely’s made it close to the overall consensus was needful to assure the board members in their quite eligible and weighty role in the company with the right to vote freely. On the other hand, disseminating family members with outsiders well-experienced in the field of management and business affairs gave grounds to stopping conflicts within the McNeely family.

Analysis Of Farewell My Concubine And The King And...

Throughout many countries around the world, homosexuality has always been subjected as a controversial matter. The societal attitudes towards the behavior of homosexuality vary substantially across Asia. Surprisingly, there are two conflicting attitudes toward homosexuality. Some Asian countries strongly condemn against homosexuality. Whereas, in some Asian countries visibly accept homosexuality. Judith Butler explained that gender is represented as a stylized repetition of acts or imitation. She described the categories of sexuality and gender as a form of performativity (Butler 1996, 368). This essay will explore and examine the experience of gender identity via the exploration of case studies in two distinct socio-cultural contexts.†¦show more content†¦Homosexuality in ancient China was extensively well-recognized and moderately tolerated, although it was not solely accepted (Wu 2003, 118). Before the thirteenth century, the early ancient Chinese possess an open-minded v iew towards human sexuality (Wu 2003, 118). There was no form of an equivalent abstract idea to one’s identity as being â€Å"gay† or â€Å"lesbian† (Wu 2003, 118). According to a Hong Kong sociologist Chou Wah Shan, the adjective â€Å"homosexual† was never a noun in ancient China (Drescher and Vittorio 2003, 118-119). This is because ancient China’s mainstream belief system did not have views on homosexuality. Homosexuality in traditional China was not reported as an identity nor a particular gender difference. In fact, it is known as a formation of behavior or act (Dubel, Ireen and Andre 2010, 173). This structural interpretation is similar to Judith Butler’s argument in which gender identity is a performative of acts, behaviors, and gestures. Moreover, homosexuality was very popular in the midst of man dynasties among the Chinese emperors. During the history of the West Han Dynasty, ten out of the eleven Chinese emperors had at least one homosexual lover or had expressed some form of homosexual proclivities (Wu 2003, 120). In ancient China, those who were considered homosexual or had any sexual activity with the same sex were not perceived with deviant personalities. Instead, it was considered as simply sharing the passion (Dubel,

Chapter 9 Free Essays

Chapter 9 closing case Ashford University BUS 650 Managerial Finance When should Bunyan Lumber, harvest the forest? The cash flow will grow at the inflation rate of 3. 7%. Utilizing the real cash flow formula (1+R) =v (1+R)(1+H) 1. We will write a custom essay sample on Chapter 9 or any similar topic only for you Order Now 10 = (1+R)(1. 037) R= 6. 08% The conservation funds are anticipated to grow slower than the inflation rate. The return for the conservation fund will be, (1+R) = (1+R) (1+H) 1. 10 = (1+R) (1. 032) R= 6. 5% The cash flow from the thinning process is as follow, Cash flow from thinning = Acres thinned x cash flow per acre Cash flow from thinning = 7,500 ($1,200) Cash flow from thinning = $9,000,000 Thinning beyond the initial thinning is conducted on a schedule and can be included. After tax cost of the conservation fund will be, After tax conservation fund cost = (1†C. 35) ($250,000) After tax conservation fund cost = $162,500 For each analysis the cost and revenue are; Revenue [ E (% of grade )(harvest per acre)(value of board game)](acres harvested) (1†C defect rate) Tractor cost = (Cost MBF)(MBF per acre)(acres) Road cost = (Cost MBF)(MBF per acre)(acres) Sale preparation and administration = (Cost MBF) (MBF acre) (acres) It is assumed that there is no depreciation as a result of the harvest. This is an indicator that operating cash flow is equal to net income. The NPV of the thinning, the NPV of all future harvests, minus the present value of  the conservation fund costs. Revenue $39,800,250 Tractor cost 7,200,000 Road 2,700,000 Sale preparation admin 945,000 Excavator piling 1,200,000 Broadcast burning 2,287,500 Site preparation 1162,500 Planting costs 1,800,000 EBIT $22,505,250 Taxes 7,876,838 Net income (OCF) $ 4,628,413 First harvest after 20 years PV First = $14,628,413/ (1+ . 0608)20 PV First = $4,496,956 Projection of thinning after 40 years 40-year project interest rate = [(1+ . 0608)40] ? C1 0-year project interest rate = 958. 17% 40-year conservation interest rate = [(1+ . 0659)40] ? C1 40-year conservation interest rate =1,183. 87% Present value of future thinning on this schedule, which will be; PV Harvest = [($ 14,628,413/9. 5817)] / (1+ . 0608)20 PV Harvest = $469,325. 52 Present value of conservation funds deposit PV Conservation = ? C$162,500 ? C$162,5 00/11. 8387 PV Conservation = ? C$176. 226. 22 Current value of conservation PV Conservation = ? C$176,226. 22/ (1+ . 0659)20 PV Conservation = ? C$49,182. 52 NPV of a 40-year harvest schedule is: NPV = $4,496,956 + 939,286. 45 + 469,325. 52 ? C9,182. 52 NPV = $5,856,385. 9 45-year harvest schedule: Revenue $55,462,853 Tractor cost $9,840,000 Road $3,690,000 Sale preparation admin $1,291,500 Excavator piling $1,200,000 Broadcast burning $2,287,500 Site preparation $1,162,500 Planting costs $1,800,000 EBIT $34,191,353 Taxes $11,966,973 Net income (OCF) $22,224,379 The PV of the first harvest in 25 years is: PV first = $22,224,379/ (1+ . 0608) 25PVFirst = $5, 087, 23 45 year interest rate 45-year project interest rate = [(1+ . 0608)45] ? C1 45-year project interest rate =1,321. 11% 45 year interest rate for the conservation fund 45-year conservation interest rate = [(1+ . 0659)45] ? C1 5-year conservation interest rate = 1,666. 38% PV of future thinning PV Thinning = $9,000,000/13. 1 11 PV Thinning = $681,246. 84 Utilizing the OCF of $22,024,504, the PV are as follow, PV Harvest = [($22,224,379/13. 21111)] / (1+ . 0608)25 PV Harvest = $385,073. 30 The present value of these deposits is: PV Conservation = ? C$162,500 ? C $162,500/16. 6638 PV Conservation = ? C$174,800. 29 NPV of a 45-year harvest schedule is: NPV = $5,087,231+ 681. 246. 84 + 385,073. 30 ? C 35, 458, 26 NPV = $6, 1118,092. 40 50-year harvest schedule: Revenue $64,610,783 Tractor cost $11,280,000 Road $4,230,000 Sale preparation admin $1,480,500 Excavator piling $1,200,000 Broadcast burning $2,287,500 Site preparation $1,162,500 Planting costs $1,800,000 EBIT $41,170,283 Taxes $14,409,599 Net income (OCF) $26,760,684 The PV of the first harvest in 30 years is: PV First = $26,760,684/ (1+ . 0608)30 First = $4,561,202 The effective 50-year interest rate for the project is: 50-year project interest rate = [(1+ . 0608)50] ? C1 50 year project interest rate=1,808. 52% 50 year interest rate for the conservation funds 50-year conservation interest rate = [(1+ . 0659)50] ? C1 50-year conservation interest rate = 2,330. 24% Present value of future thinning on this schedule, which will be PV Thinning = $9,000,000/18. 0852 PV Thinning = $497,644. 82 The operating cash flow from each harvest on the 50-year schedule is $26,531,559, so the present value of the cash flows from the harvest are: PV Harvest = [($26,760,684/18. 0852] / (1+ . 0608)30 PV Harvest = $497,644. 82 Present value of the conservation fund deposits PV Conservation = ? C$162,500 ? C $162,500/23. 3024 PVConservation? C$171,485. 25 Today’s conservation value PV Conservation = ? C$171,485. 25/ (1+ . 0659)30 PV Conservation = ? C$25,283. 50 NPV of a 50-year harvest schedule is: NPV = $4,561,202 + 497,644. 82 + 252,206. 52 ? C 25,283. 0 NPV = $5,285,770. 21 55-year harvest schedule: Revenue $72,972,113 Tractor cost $12,600,000 Road $4,725,000 Sale preparation admin $1,653,750 Excavator piling $1,200,000 Broadcast burning $2,287,500 Site preparation $1,162,500 Planting costs$1,800,000 EBIT $47,543,363 Taxes $16,640,177 Net income (OCF) $30,903,186 First harvest in 35 years PV First =$30,903,186/ (1+ . 0608)35 PV First = $3,922,074 Thinning 55 years from today: 55-year project interest rate = [(1+ . 0608)55] ? C1 55-year project interest rate = 2,463. 10 55 year conservation fund 55-year conservation interest rate = [(1+ . 0659)55] ? C1 5-year conservation interest rate = 3,243. 60% Present value of future thinning: PV Thinning = $9,000,000/24. 6310 PV Thinning = $365,392. 74 Present values of the cash flows from the harvest are: PV Harvest = [($30,903,186/24. 6310] / (1+ . 0608)35 PV Harvest = $159,233. 03 Present value of the conservation fund deposits: PV Conservation = ? C$162,500 ? C $162,500/32. 4360 PV Conservation = ? C$169,097. 37 Today’s value of the conservation fund PV Conservation = ? C$169,097. 37/(1+ . 0659)35 PV Conservation = ? C$18,121. 00 NPV of a 55-year harvest schedule NPV = $3,922,074 + 365,392. 74 +159,233. 03 ? C18, 121. 00 NPV = $4,428,578. 40 How to cite Chapter 9, Papers Chapter 9 Free Essays Chapter 9 Free Essays