Walgreens Strategic Analysis Essay Example

Walgreens Strategic Analysis Paper Veronica Washington 0180175 Walgreens Pharmacy (WAG) An Industry Leader at the Inflection Point The following report is an in-depth discussion of Walgreens Pharmacy with an analysis and assessment of the company’s strategic initiatives. Each strategy yields a direct purpose of diminishing the influence of a specific force from Porter’s 5-force Model as the supporting data culminates an outlook on the company’s future. COMPANY OVERVIEW Charles Walgreen of Chicago, Illinois, pioneered the first Walgreens in 1901, with corporate headquarters now located in Deerfield, Illinois. In the company’s 100-year reign as the prescription industry leader, Walgreens changed from war bonds, soda fountains, and restaurants to 24-hour store access, nationwide locations, easy-to-use online stores, and health care clinics. 6,400 stores now operate in all 50 states including Puerto Rico, with 30% open 24 hours. By 2010, Walgreen’s aspires to operate 7,000 stores nationwide and pave the way for the organic growth of 13,000 sites. As of December 2007, Walgreens employs 226,000 associates, hiring 25,000 in 2007 (WAG Annual Reports, 2007). According to the company’s 2007 annual reports, â€Å"Walgreens has been listed on: Fortune magazine’s Most Admired Companies in America list†¦ranked 44th on the Fortune 500 list of largest U. S-based companies†¦[and] ranked the leading online drugstore. † (WAG Annual Reports, 2007) In the past 2 years especially, Walgreens embarked on several ventures that will enable them to have first-mover advantage in the healthcare industry. CURRENT FINANCIAL INFORMATION In 2007, Walgreens increased net sales by 13. 4% to $53. 7 billion and increased net income by 16. 6% to $2. 4 billion. Long-term investments, which have consistently increased by roughly $100 million dollars each year since 2004, reflect company profits (WAG Annual Reports, 2007). In the 2007 operating cash flow analysis, Walgreens yielded a yearly total over $23 million in deferred taxes that arose for tax relief in advance of tangible asset depreciated accounting expenses. While net cash flows in the operating sector dropped by $80 million in a single year production, sales, and delivery continue to expand. In the 2007 investment cash flow analysis, the company directed $6. billion toward short-term investments (auction rate securities) available for sale amounting to an accumulated $6. 8 billion (WAG Annual Reports, 2007). With a staggering $1. 8 billion spent on new additions in 2007, this perceived overextension by shareholders of the company’s business and intangible asset acquisition of $1. 1 billion doubles the amount of cash used in the invested activities of 2006 (WAG Annual Reports, 2007). Employee termination and salary cuts yielded a 50% drop in proceeds received from company life-insurance policies. The $5. million proceeds of 2007 pale in comparison to the $10. 7 million received only a year before. Walgreens spent $2. 4 billion in investing activities during 2007, more than that of 2005 and 2006 combined (WAG Annual Reports, 2007). In the 2007 financi al cash flow analysis, net proceeds were $850 million. With a $141 million debt payment, $1 billion in stock repurchases, $310 million cash dividends to shareholders, and a $214 million bank overdraft sum, Walgreen’s 2007 net cash used for financing activities rose to $626 million from 2006’s $413 million (WAG Annual Report, 2007). We will write a custom essay sample on Walgreens Strategic Analysis specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Walgreens Strategic Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Walgreens Strategic Analysis specifically for you FOR ONLY $16.38 $13.9/page Hire Writer In summation, the initial cash and cash equivalents of 2007 declined from $920 million in January to $255 million by the end of December resulting from the company’s overextension, and may result of losing their position as the industry leader in the near future (WAG Annual Reports, 2007) POWER OF BUYERS According to Porter, a buyer who has power â€Å"can always find an equivalent product, [then] play vendor against [one] another† (Porter, 2008). Consumers reap the benefits of an industry that pays for repeat business. In 2007, Walgreen’s pharmacists took 157,000 prescription transfer calls from neighboring competitors. (WAG Annual Reports, 2007) Mark Wagner, VP of Operations, announced that after reviewing the 2007 compiled transfer logs of the company, â€Å"72% of all prescription transfers [in 2007] are competitor coupon-related issues † (WAG Annual Report, 2007) Walgreens remained static in their decision to offer any type of compensation to new customers or transferred prescriptions until October 2008. Walgreens customers receive an average of four prescriptions on monthly basis from the pharmacy (WAG Annual Reports, 2007). With 65% of the sales revenue of the company coming from the pharmacy, Walgreens declines to bargain with out-of-pocket customers over price. Regardless of a climbing prescription drug-price trend, demand remains elastic because customers demand choices of similar, less expensive medications if authorized by their doctor. The amount of reimbursement Walgreens receives from Medicare, Medicaid, and Worker’s Compensation falls drastically, as incremental revenues from those sources decreases (Stewart, 2006). According to Lueck, â€Å"Medicare and Medicaid comprise 25 percent of the federal budget, and the government cannot afford to spend at the current rate† (Lueck, 2008). In order to maintain relationships with customers, retail pharmacies resorted to buying sections of Medicare Part D insurance companies: AARP Walgreens vs. CVS Caremark (Caremark Rx Inc. , 2007). RIVALRY AMONG EXISTING COMPETITORS From Porter’s point of view, â€Å"the degree to which rivalry drives down an industry’s profit potential depends, first on the intensity with which companies compete and, second, on the basis on which they compete† (Porter, 2008). Other than retail pharmacies, hospital pharmacies, mail-order pharmacies, internet pharmacies, international pharmacies, vitamin stores, and homeopathic treatment providers attempt to maintain market share in the healthcare industry (Lueck, 2008). Walgreens largest competitor, CVS Pharmacy, fell short of Walgreen’s sales revenues by $7 billion in 2007 (WAG Annual Report, 2007). Contrary to Porter’s model of rivalry, the healthcare industry is experiencing massive growth. Growth is not a force, but only a factor; and as Porter mentions, â€Å"high growth rate will not guarantee profitability if customers are powerful†¦Ã¢â‚¬  as stated in the last section (Porter, 2008). Tom Charland, CEO of Merchant Medicine, in his prophetic wisdom forecasted an â€Å"increased scarcity of physicians and midlevel practitioners in many markets and the increased use of pharmacists. † (Berman, 2007) This justifies the idea that most baby-boomers will spend several hours a week in doctor’s offices receiving treatment for maladies that require prescriptions. Because of meager prescription profits, customers gain little when switching from one pharmacy to another. As Jeff Rein, VP of Walgreens, understands, â€Å"95% percent of our patients pay only the co-pay required by their insurance plans. † (WAG Annual Report, 2007) This removes Wal-Mart’s $4 prescription plan from the picture. POWER OF SUPPLIERS In Porter’s words, suppliers with power â€Å"can squeeze profitability out of an industry that is unable to pass on cost increases in its own prices. (Porter, 2008) To make up for excessive inventory costs for new medication Walgreen’s must decrease labor hours and work more efficiently. For corporate executives in retail pharmacies like Mark Wagner of Walgreens, â€Å"the end solution is to cut costs†¦and the biggest cost in stores is payroll. † (Merrick, 2008) With manufacturers keeping new FDA-approved substitute (generic) medications at bay by creating expensive time-released versions of the ori ginal, retailers spend more money than ever before on shelf space (Merrick, 2008). The following demonstrates a sample of what Porter means by suppliers having power when they â€Å"offer products that are differentiated† (Porter, 2008). In March 2008, analysts at Citigroup Inc. announced, â€Å"AstraZeneca will have more time to market the product†¦Seroquel XR, a once-daily version of the [original] drug†¦ slowly [converting] patients to the patent-protected drug before a generic version of Seroquel becomes available† (Merrick, 2008). Generic companies defending their rights to enter the market state brand name manufacturers received patents through inequitable conduct (Merrick, 2008). While CEO of Astra Zeneca, David Brennan remains â€Å"pleased with the courts decision to uphold [our] valid intellectual property, healthcare companies like Walgreens suffer exorbitant inventory costs at lower vendor allowances for keeping both brand and newly arriving formulations (Merrick, 2008). STRATEGIC ANALYSIS The significance of this report’s title, â€Å"An Industry Leader at the Inflection Point†, speculates that Walgreens cannot remain myopically moving forward now that competitors are strategically placing modes of â€Å"creative destruction† in the healthcare industry. For example, Walgreens is following suit to retake power from buyers, a force seen in previous paragraphs, with a revolutionary prescription problem-processing center, POWER. These 24-hour call centers will automatically fix any third-party insurance rejection errors at all 6400 store locations, leaving pharmacists and pharmacy technicians more time to devote to prescription accuracy, efficiency, and patient consultation. Alan McNally, Walgreen’s new CEO as of October 22, 2008, justifies the use of POWER so â€Å"the company’s founding base of competitive advantage will bring vital market share, stockholder optimism, and customer sentiments of timeliness and prescription safety back to Walgreens† (WAG Annual Reports, 2008). Despite Walgreens’ ability to gain back market share by utilizing POWER, this evolution of problem-solving workflow is the company’s first major step in â€Å"creative destruction. Since an estimated â€Å"25-30% of work in the pharmacy originates from processing and troubleshooting third-party claims†, Walgreens shows no sign of maintaining current hourly needs for technicians when POWER operations begin (Merrick, 2008). The excess reserves saved from this venture will allocate finances for greater stockholder dividends and ensure the company’s progressive movement into staying one-step ahead of the competition (Merrick, 2008). Acc ording to the 2008 annual reports released in November, the salary expenditures saved from cutting technician hours will help support funding for the accumulated $1. billion dollar long-term debt in 2008 (WAG Annual Reports, 2008). Formerly discussed in the section, â€Å"Power of Suppiers†, Walgreens showed vulnerability to brand-name manufacturer’s new formulations marketed to physicians as more effective and safer than their FDA-approved generics. The county’s nation-wide recession that tumbled into a worldwide pandemic has been reason enough for many consumers to forgo reinstating their prescription insurance plans in 2009 and instead shop around for bargain generics (Lueck, 2008). Porter describes the country’s turmoil perfectly by announcing America is in the â€Å"Age of Anxiety,† as he reminds readers that in the US â€Å"restructuring destroys about 30 million jobs per year† (Porter, 2008), To combat consumer demand for lower cost prescriptions, Walgreens has aggressively marketed the Walgreens Drug Program in 2008. This discount program offers consumers the option of choosing from a list of 400 price-approved and quantity-approved generic medications at a 90-day supply for $12 (WAG Annual Reports, 2008). To attract customers to less expensive and more readily available generic medications, Walgreens built the discount rogram to show how much each customer can save while receiving a therapy that is exactly or similar to what their doctor prescribed. The only cost associated with this plan is a one-time $20 fee for using the service pennies compared to the hundreds of dollars each month otherwise spent on prescription healthcare covera ge. The idea of Walgreens creating healthcare clinics where customers can go and receive treatment for common symptoms arose from competitor initiatives to capture a segment of the market not dominated by Walgreens. The purpose of this tactical approach was to lessen the force of rivalry in the industry. As of November 2008, Walgreens â€Å"operate[s] more than 600 health and wellness clinics in our stores and on employer worksites [with] plans to expand to 800 sites by the end of fiscal 2009 (WAG Annual Reports, 2008). While data on this new mode of investment has not been conclusive or forecasted in expected yearly revenue, Walgreens intends on honing company expansion in this market to counter aggressively competitor initiatives. STRATEGIC ASSESSMENT The watershed of massive change for Walgreens culminated amidst what economists are calling a worldwide recession. Like all prosperous profit seeking companies, Walgreens managed to find ways to cut hours while increase efficiency that paved the way for higher shareholder dividends in 2008. CEO Alan McNally describes Walgreens’ strategy as â€Å"a successful triumph in a frantic market† leading on with a direct correlation of the yearly highlights to â€Å"an increase of $. 11 in common share dividends for 2008† (WAG Annual Reports, 2008). Despite the company’s massive growth of long-term debt, the strategic positioning of POWER centers in high volume areas and payroll cuts began the combat against the emerging inflection point issues discussed. More than 1 million people enrolled in Walgreens discount card program in 2008. The company anticipates numbers to increase significantly at the beginning of Medicare reinstatement in January 2009 as members become more proactive in finding lower prescription costs. Constructed on gaining the business of customers upset with their current prescription coverage, the iscount care program cultivated an increase of gross market share to 17. 6% of the retail prescription market in 2008. According to the new annual reports, in August 2008 Walgreens priced a $1. 3 billion five-year bond offering to be â€Å"used in the repayment of short-term debt under its commercial paper program and general corporate purposes† (WAG Annual Reports, 2008). The bond’s primary purp ose of financing the expansion of Walgreens’ Take Care Clinics around the country will reinforce goals of insatiable growth in the United States. As the beginning stages of these clinics develop, Walgreens will have a better idea of the market’s reaction. SUMMARY OF STRATEGY These market-enhancing strategies formulated by observing frustrated consumers over the years yield a successful and progressive outlook for Walgreens. While Walgreens’ presence in communities nationwide will continue to expand, the systems and processes which customers receive service will undoubtedly change. As services become increasingly automated and salaries are cut to supply overhead costs of the latest technologies and capital investments, Walgreens’ initiatives to solidify their position as the market leader will continue to be a tantalizing puzzle for the company’s corporate executives. REFERENCES Berman, D. (2007,  January  17). CVS Raises Caremark Bid, Pressuring Express Scripts. Wall Street Journal   (Eastern Edition),   p. A. 4. Retrieved November 9, 2008, from Wall Street Journal  database. (Document ID:  1195592291). Caremark Rx Inc. : Advisory Firm Urges Holders To Accept Offer From CVS. (2007,  March  14). Wall Street Journal   (Eastern Edition),   p. A. 12. Retrieved October 25, 2008, from Wall Street Journal  database. (Document ID:  1232229641). Lueck, S. (2007,  September  19). Politics Economics: Democrats to Revisit Medicare Provisions. Wall Street Journal (Eastern Edition), p. A. 12. Retrieved October 23, 2008, from Wall Street Journal  database. (Document ID:  1337919191). Merrick, A. (2008,  March  19). How Walgreen Changed Its Prescription for Growth. Wall Street Journal   (Eastern Edition),   p. B. 1. Retrieved October 20, 2008, from Wall Street Journal  database. (Document ID:  1448083011). Merrick, A. (2008,  October  9). Walgreen Abandons Bid for Longs; Drug Chain Cites Weak Economy, Withdraws $2. 7 Billion Offer. Wall Street Journal   (Eastern Edition),   p. B. 1. Retrieved November 9, 2008, from Wall Street Journal  database. (Document ID:  1570234871). Stewart, J. (2006,  November  8). Common Sense: Letdown Over Deal By CVS, Caremark Offers Opportunity. Wall Street Journal   (Eastern Edition),   p. D. 2. Retrieved November 9, 2008, from Wall Street Journal  database. (Document ID:  1158307411). Porter, Michael E. (2008. Jan) â€Å"The Five Competitive Forces that Shape Strategy. † Harvard Business Review. Porter, Michael E. (2008. Nov) â€Å"Why America Needs an Economic Strategy† Business Week Walgreens Annual Reports, The (2007, Dec 31). Questions and Answers for Shareholders. Retrieved October 10, from Walgreens Co. Website: http://files. shareholder. com/downloads/WAG/460812286x0x147120/C3FF93FD-4E51-4F5A-94FD-C0D058A9A911/Walgreen_AR_07. pdf Walgreens Annual Reports, The (2007, Dec 31). Management’s Discussion and Analysis of Results of Operations and Financial Condition. Retrieved October 10, from Walgreens Co. Website: http://files. shareholder. com/downloads/WAG/460812286x0x147120/C3FF93FD-4E51-4F5A-94FD-C0D058A9A911/Walgreen_AR_07. pdf

Alterations in Renal Function quiz Essays - Syndromes, Free Essays

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The Perversion of the Violent Frontier Essay Example | Topics and Well Written Essays - 1750 words

The Perversion of the Violent Frontier - Essay Example In turn, the very same media perverted the picture of violence at the frontier. The success and fame of revived the production of American Westerns. Spaghetti Westerns form a significant genre in the history of film industry irrespective of the opinion of the critics. The film by Robert Rodriguez, ‘Desperado’ and the extremely violent action flick by John Woo both are being hailed as ‘modern Spaghetti Westerns.’ Fredrick Jackson Turner is regarded as the father of the advanced study in Western history, he researched some fundamental principles of western violence and found that the ideals of the pioneer have been understood in two forms that are: anti-government sentiment and the other interpretation is the profound faith in egalitarianism. Afterward, Turner explained that the pioneer passionately hated monopoly, aristocracy and special privilege in the social structure. Pioneer had faith in economy, simplicity and in the people’s rule. These people classified the attribute of personal development to be free from government and social limitations. If Turner’s perspective was valid for the situation on the frontier then it would have been easier to accept the conventional concept of the western ‘bad man’ or ‘criminal’ in response to the Turner’s proposition that the Western world was a person’s paradise. The pioneer in Turner’s construct did not have faith in the law and dealt with the matters on his own. Historical research of two about decades brought new theories to explain the relationship between the West and the violence. The book, ‘The Great Plains’ that was published in 1931 and was written by Walter Prescott Webb braided the concept of Western violence into a survey about the entire history of the Great Plains.

Loyalty Program and the effectiveness on Thai consumer decision-making Essay

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Since The Introduction Of Social Networking Social networking site, abbreviated SNS, is the term used to describe any web page that enables users to create community profiles within that web page and develop relationships with other users of the same web sites who read their account. Social networking sites can be used to describe community-based Web sites, online discussions forums, chat rooms and other social spaces online. Some features included on many sites are instant messaging, video calling, chat, file sharing, discussion groups, voice chats, emails, blogging and so on. Social networking sites are web pages that are made for casual and effective interaction among members. Most social networks are Internet based and aim to provide different and interesting resources on how uses can interact. What attracts people to social networking sites are they are excellent places to stay in touch with friends; especially those who we do not normally see frequently. 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Social networking sights (Kiesbye 2011) reduce productivity and innovation in the work area and can become an enormous distraction amongst coworkers. Many of the websites provide users the option of email notifications and text message aler ts to help feed the growing dependency of knowing who is saying what about your status, commenting on a picture or updating their profile. These sights make it almost impossible to escape their anger due to massive advertising and celebrity cameos. They have online contests (ex. the 10000th person to like this page gets a gift card) and giveaways to save luring in different people by the day. In Feb. 2009, Los Angeles Times reported, MySpace identified 90,000 registered sex offenders with profiles on the site, while Facebook declined to reveal how many were available on its site. Even if the sites decide to remove sex offenders, they cannot identify all of them or stop them from creating new accounts (Cited procon.org). In the past few years, social networking websites have become increasingly popular among Internet users, as a place where people can meet other people, communicate, and exchange information(Philippines Pinoy 2011) . Because of the popularity with social websites, social websites have the number one attractions for bullies. Children use social networking sites to post derogatory, hurtful, or threatening information about others. According to Kiesbye, National Public Radios Veronica Miller discovered Becky, a MySpace cyber twin who had copied a photo of Miller from Facebook and published it-along with photos of Millers family-on the imposters site. Although Millers impersonator did not threaten or stalk her (and MySpace promptly removed Beckys site), the incident shows the potential of such sites for stalking or harassment (Kiesbye 2011). Not only has the misuse of social networking sites gotten adolescents in trouble, but recently professionals at work got in trouble for it. 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Victims also have options in civil or family courts. They can seek protective orders against stalkers, who can be ordered not to contact the victim, including not using any form of electronic communications to stalk the victim. Victims may also be able to file a civil tort case against their stalker, seeking damages for the impact of stalking on their lives. Also, under certain conditions, victims can sue social networking sites for failure to remove offensive or defamatory material regarding the victim from the site (Kiesbye 2011). Therefore, deciding whether to post something, remember that the more information malicious people have about a person, the easier it is for them to take advantage of that person. Social networking sites can be abused. People treat them like their own diary or journal, and then get upset when people get mad at them because they posted something about them on their wall. They should be banned because of the harm they are doing to personal relationships and a persons wellness. friendships, marriages torn apart, and Internet bullying done. Although SNS can be a terrible time waster and provides an avenue for cyber-bullying and harassment, it is also a extremely useful tool for maintaining contacts, friendships and social interaction, even when friends move homes, jobs, etc. Used sensibly, there is no reason at all to see social networking sites as a threat or a problem. Individual users, however, are not always very sensible. (Add More Use Sources) Social networking sites provide a whole new way of meeting new friends and discovering fascinating communities, however; the cyber interactions cannot, in many people opinion, replace the real physical contacts. Ironically, people are less social through social networking sites because rather than talking to those around us; we almost solely talk to those online. While social networking sites can help make us more connected throughout the world, an unintended side effect is that we become isolated in your own communities. Social networking sites are destroying peoples ability to be able to read facial expressions and body language. The more people talk online the less we talk in real life, so much so that we lose the ability to catch those little nuances that are warning signs that we are offending someone or boring them. We are also relying too much on the anonymity of online interaction, and this causes us to be meaner online. Take my name for example-the name of my profile is my r eal name, and my real age and short list of what I like is also listed. In a face to face encounter, there are consequences for what a person may say. This is not true online, and you can say any horrible thing you want with the protection of anonymity. Many people believe that they are quite safe online because they are only using social networking sites to talk to friends, or they think that they are entirely anonymous. People should be cautious to whom they just met online. There are number of ways identities can be stolen online continues to increase. Hackers and thieves use these networks to obtain the information they need to wreak havoc on those who innocently use these sites. In order to protect your-self against predators, hackers, or professional job people should learn about how different sites work. Learning how different sites work will insure that the user knows what they are signing up for. A user of any SNS should allow only users you authorize their page. If a user does not know a person then he or she can always deny a friend invitation. Not only should one not allow unknown members but members also should guard personal information with privacy settings, this allows only certain information to be seen by others. W hen using social networking sites a person should only post information that you are comfortable having others see and know about you. These posts leave lasting reputation that potential jobs and others can see. There are many different discussions on the topic of social network addiction but one argument is clear: These sights are addictive and they can and will directly and indirectly affect the daily lives of individuals. While some use these sights for positive outreach and to inform and educate others, there will be some who abuse the sights by not using them for their intended purposes. It is imperative that people use their greater judgment and take caution and be fully aware of these social networking sights and what they are signing themselves up for. So before you commit yourself to constant email updates, text message alerts and advertising campaigns assess the positive and negative aspects of internet socialization and ask yourself is it really worth it?

The First Inhabitants of America Essay -- American America History

The First Inhabitants of America The First "Europeans" reached the Western Hemisphere in the late 15th century. Upon arrival they encountered a rich and diverse culture that had already been inhabited for thousands of years. The Europeans were completely unprepared for the people they stumbled upon. They couldn't understand cultures that were so different and exotic from their own. The discovery of the existence of anything beyond their previous experience could threaten the stability of their entire religious and social structure. Seeing the Indians as savages they made them over in their own image as quickly as possible. In doing so they overlooked the roots that attached the Indians to their fascinating past. The importance of this past is often overlooked. Most text or history books begin the story of the Americas from the first European settlement and disregard the 30,000 years of separate, preceding cultural development (Deetz 7). The going theory of the First Americans is the ever-popular land bridge hypothesis, which connected Siberia and Alaska. This is believed to have happened at least twice during the ice ages between 32,000 and 36,000 years ago and, again between 13,000 and 28,000 years ago. This repeated connection took place where the eastern and western hemispheres come the closest to one another. The best illustration that I found explaining the land bridge was the analogy made to a seesaw. On one side being the glaciers and on the other side is sea level. When the glaciers get bigger or "go up" the sea level withdraws or "goes down". Basically when all the earth's water is in the form of snow or ice sea level is lowered. At least 180 feet lower to form that Siberian land connection. Direct proof of this... ... ago, but the way it happened is still uncharted territory". The specific date of the first migration into the Americas is unknown but there was likely more than one. The new discoveries and theories presented have given us a better understanding and more possibilities for the First American then ever before. Bibliography Begley, Sharon. "The First Americans." Newsweek Fall/Win. 1991: 15-20. Begley, Sharon and Andrew Murr. "The First Americans." Newsweek 26 Apr. 1999: 50. Claiborne, Robert. "The First Americans." New York: Time-Life Books, 1973. Dixon, E. James. Quest for the origins of the First Americans. University of New Mexico Press. 1993. Nichols, Johnanna. "The First Americans." Discover Jun. 1998: 24. Owsley, Douglas. "The First Americans." Economist 24 Feb. 1998: 79. Wright, Karen. "First Americans." Discover Feb. 1999: 52.

Tomorrow is a Fresh Start

Any day has the opportunity to be a good one as well as any day has the opportunity to be a bad one. Each individual day is on its own, having no relation to any previous day. Those days where it just keeps dragging on, and you can’t wait for the sun to rise in the morning to have a fresh start. This dreadful day has finally come to an end, but nothing picks you up more than the sunrise the next morning. The sunrise is saying that it is a new day, and is giving you an opportunity to either put the previous day behind you, or keep it with you and make the most out of your past experiences.Even though we look at the sunrise as just the sun rising above the horizon, there is much more to this action that not only affects us day to day, but for a lifetime. There are many times where you are not looking forward to the sunrise the next morning. It could be because of a big project due the next day, a test, or just going on with your unamusing life. Going to school is a big part in n ot wanting to get up in the morning. You may think that you are the only one who dreads waking up and having to take three tests, then run around the gym for 25 minutes, but you’re not alone.Many thoughts come into your mind on trying to figure out why you have to take these actions. You ask yourself; when will I ever use algebra in real life, why do I need to know what the 17th amendment is, or wonder what good it will do to know the capital of Zimbabwe. Everyone is forced to take these actions whether or not you think they are necessary. If laying in your bed for days was an option, everyone would take the easy road out. Some people go with this option and end up not making anything of themselves, because they are lazy and avoid any sort of challenge.Those who choose to get up, know where they would rather be, but are accepting any future challenges. When you finally do decide to get up in the morning and see the sunrise, you get that feeling in your gut that is really hopi ng for the day to just be over. Many emotions can come from the action of the sun rising, which happens every 24 hours. You know that there is nothing you can do to stop it, but will do everything in your power to avoid it. A sunrise can and should be looked at as a positive action.. It can be looked at as another day to add to your accomplishments, or to start over on a clean slate.When you wake up in the morning and the sun is slowly rising, an excitement occurs as the new day is approaching. Every day comes with a new challenge. This could be a big test, a championship game, or something as simple as buying a new dress for a special occasion. Many people are afraid . Some of these obstacles you may want to avoid or pass on to another day, but the sunrise is helping you conquer that obstacle. As the day of October 29th was coming to an end, I could not wait for the the sun to rise. There was so much that was going on the next day. I could barely sleep; all I wanted was it to be th e next day.When the sun finally rose, my birthday had arrived. I jumped out of my bed in excitement because this day had all the right tools to be perfect. I had a big soccer game going on, a nice lunch made for me, and no big test or quizzes going on during the day. Everything was going great until I looked outside for a moment. The sun was gone, and the moon had taken its place. I didn’t want this day to end. I was unsure on what the next day would lead to. As I thought about the day coming to an end more, I realized that the unknowingness is the best part of a new day.It may be bad, but I will never know what will happen unless I accept the sunrise. I woke up the next morning unamused to start the new day, knowing that it will not compare to the what had happened yesterday. But I did go in with an open mind, and ended up receiving hand fulls of candy. Not only was is Halloween, but the day had a positive vibe to it, that I never would’ve expected. If I had keep my m ind in the past and only focused on what had happened the day before, none of this could’ve happened. One specific sunrise that not only myself but everyone involved had mixed feelings about is the day of and after graduation.We have seen our peers go through it, and never imagined ourselves being in that situation. Some will look at the sunrise as it all coming to an end, and others will look at it as a new beginning. I am unsure on what my reaction will be when this day comes but know that I am forever grateful for everything that I have learned prior to this anticipated sunrise. This is one that can not be avoided, no matter how hard you try. When the sun rises on that perfect night, all of our lives will change. It won’t be instantly, but over time that sunrise will forever affect how we are as people.

M4 - Wal-Mart and Workplace Discrimination EssayEssay Writing Service

M4 - Wal-Mart and Workplace Discrimination EssayEssay Writing Service M4 Wal-Mart and Workplace Discrimination Essay M4 Wal-Mart and Workplace Discrimination EssayThe name of Walmart corporation is associated not only with retail, but also with courts and lawsuits. A particularly notable suit was filed on behalf of Betty Dukes and supported by other women working for Walmart. In the lawsuit, it is stated that Walmart is allegedly discriminating against women in various forms: women have fewer chances of receiving training and being promoted, they are assigned to low-paid departments more often than men; women are paid less for same or comparable job activities, Â  have to work in a hostile environment and experience pressure due to gender discrimination; other employees retaliate against women who dare to oppose gender discrimination (Wal-Mart Stores, Inc. v. Dukes).The case was filed in 2001 as a class action lawsuit on behalf of 1.6 million women working in Walmart in the United States (PBS, 2011). There were notable statistical data for male and female pay that was meant to support the claims. In 2004, the status of a class action lawsuit was approved, but Walmart appealed the decision. Walmart defended its position by stating that the company assigned most responsibility to regional and local store managers and therefore job practices in different areas could significantly differ from each other. Basing on these reasons and on statistical differences, Walmart demanded that women should file individual claims and each of these claims should be considered separately.In 2007, the Ninth Circuit ruled first in support of class action, then dismissed the decision in the end of 2007, and granted a rehearing of the lawsuit on the certification of class action (Wal-Mart Stores, Inc. v. Dukes). Eventually the Supreme Court ruled the case in favor of Walmart in 2011. It was decided that the commonality of cases was not sufficient to form a class action lawsuit. Instead, the lawsuit was taken down to the state level. It is expected to be considered in the states in which the eviden ce of gender discrimination was the most notable California and Texas (PBS, 2011).Despite the fact that the case was ruled in favor of Walmart, this lawsuit had a positive impact on the issues related to workplace gender discrimination in the United States. Walmart improved its corporate policies for women and created special programs empowering women. For example, Walmart is currently investing into such programs as empowering women through training, sourcing from business owned by women, promotion of diversity and inclusion among the suppliers of professional services and merchandising suppliers (Walmart, 2014).Betty Dukes who is still determined to protect her rights and the rights of other women working in Walmart in the court contributed a lot to reducing gender inequality and empowering women. She is viewed as the role model by many women who decide to protect their rights in the court (PBS, 2011). Increased public attention to the questions of gender discrimination and workp lace discrimination at Walmart urged the company to review its policies and attitudes. The fact that workplace issues pertaining to gender discrimination are reviewed and that equality is explicitly promoted by the company stimulates managers and other Walmart employees to be more tolerant and more just in those cases where discrimination might have emerged in the 2000s.In addition, even the decision to review the lawsuit at state level might be beneficial for gender equality. According to PBS (2011), the decisions on these lawsuits might create a certain national standard for treating women and promoting gender equality which would be later adopted by Walmart stores and other large employments in other states. Hence, this lawsuit has a largely positive impact on gender discrimination issues in the workplace.

Analysing The Culture Of Ancient Rome Religion Essays

Analysing The Culture Of Ancient Rome Religion Essays Analysing The Culture Of Ancient Rome Religion Essay Analysing The Culture Of Ancient Rome Religion Essay In ancient Rome, non unlike today, a kid s first lessons came from the parents ( largely mother because the male parent was busy most of the clip ) . This is much like any kid in the U.S. today. After a male reached about six old ages of age he began larning the Torahs, history and physical preparation from his male parent, and in some instances, with the aid of male slaves. I would compare this in my ain life as my pa learning me right from incorrect, reading me books about the more recent wars, learning me to catch a baseball and subscribing me up for small conference when I was immature. The females were allowed to larn their female parent s responsibilities, as to fix to be a good married woman. The best that a male could make was to larn to be a great, influential talker so that he could do his manner onto the political phase. This holds true today ; if you have the personal appeal and fluid speech production ability ( being born into the right household besides helps a batch ) you can seek your fortune in the political circle. Notice I did non advert anything about cognition or ethical motives. The Roman society was a patriarchal 1. This is apparent in the male parent holding entire control of his belongings and everyone within it. It was besides apparent in the fact that girls were taught by their female parents from birth and neer allowed to derive the proper cognition to travel up in society the manner a boy was. This ensured the prominence of work forces in their society. Today, I believe things are a batch different but that we are still a patriarchal society. Although there are state of affairss that differ from the norm, such as single-mother households and sapphic households, the bulk of all households still look to the male parent to do the determinations and to take the incrimination if the determinations fail. Most female parents do the shopping and cookery, unless it s grilling. The female parents do most of the care-taking of the kids still unless the household can afford a nursemaid ( servant ) . One case in Petronius The Satyricon that truly brings that out is when Trimalchio has his retainers blare for Fortunata several times for her to come into the room to see with their friends. My married woman would non stand for that. If I called for her once or came to acquire her she would kindly admit me but if I had everyone in the house shouting her name she would be embarrassed and infuriated. It would non be a good eventide for me subsequently. Patrick Kelley pg. 2 There was a lecherousness for power and wealth merely as there is today. I believe that the Romans grew to understand that with a life in political relations came great wealth and power. Just as today, that encouraged people to make to achieve those places for the incorrect grounds and at all costs. That was portion of the ground for the prostration of Rome as it is portion of our economic and leading convulsion today. Cipher can truly anticipate to transport the wealth and power they accumulate to the hereafter but for some ground we see people even today rushing to achieve as much wealth as possible merely to decease seizing it. Why? ? Merely for the acknowledgment? Just for the bang? Nobody truly knows. But we all know that it does non go through on with us. In the instance of Trimalchio, he came from bondage and had a great amount of money bestowed onto him through an heritage from his maestro. One would believe that he would amp ; acirc ; ˆ?break the concatenation A ; acir c ; ˆA? of actions that he had been cursed to defy all his life but he continued them with a retribution, it seems. You still see people like this today. In North Korea, Kim Jong-Il seems to be such a character. Never a slave as Trimalchio was but he has alienated his state from the universe in an effort to look like a God to his people. He hoards all the state s resources and merely tells them what he wants them to hear, whether it be right or incorrect. He has an extended group of followings that move on his every bid to construct shrines and statues of him. I am certain before he dies he will committee a big cosmetic grave built for his entombment. The Roman civilization revolved around A ; acirc ; ˆ?doers A ; acirc ; ˆA? but they were more like multi-taskers if you ask me. They were a well-versed civilisation that could still take over another instead expeditiously. They were non interested in larning the humanistic disciplines or the finer things but more of the cognition that could let them to last and turn their imperium. They did necessitate to understand the linguistic communication, Torahs and authorities but that was about all of the book knowledge most of them cared to pass their clip on. In some ways we have establishments like this today. We have military academies that train soldiers. Although they offer really intense and honoring instructions they besides train plebes for a military life that will heighten the state s hereafter every bit good as their ain. We do hold many more careers and calling waies to partake in than the Romans did so our schools and colleges now teach a much broader base course of s tudy which allows us to analyze the finer things so that we may broaden our skylines or even go on to learn, ourselves. Merely as today, the Romans besides had those who trained intensely in rhetoric and persuasion. Two such illustrations of this would be Encolpius and Ascyltus from The Satyricon. They were both students of Agamemnon, who had to larn his instructions from another, besides. Merely as the Romans, I fear that we are heading down the route to the extinction of the Great American Empire. It seems as though we, as civilisations, do hold a life-cycle and that rhythm merely holds up every bit long as we feel we have something to be afraid of. We have been known as a universe world power for a twosome hundred old ages. We are afraid of things in this state but they are the incorrect things ; such as slaying, deficiency of wealth, beauty and power, and Armageddon. All of these existed in Rome before the autumn of the imperium. Murder will ever be a job but when it occurs like a pox inside your ain metropolis walls you are doomed to fall. When the wealthy are able to exponentially turn their wealth so the in-between category disappears. The money had to come from someplace and the hapless had none to lose. Patrick Kelley pg. 3 This happened in Rome and is get downing to truly pick up velocity here. I have noticed it ; hold you? When there is no in-between category all you have are a few truly rich people and a batch of truly hapless people. Who supports the economic system if everyone with money is stashing it? A batch of people are disquieted about Armageddon. The paranoia created by these feelings is what causes people to move and respond in ways that will convey an imperium or the full universe down. This besides happened during the terminal of the Roman imperium. If the natural terminal of civilisation comes there will be nil that can be done, although we will seek. Although our vision of beauty is different from the Roman vision of beauty we still gravitate to it like it was our God. Merely as we do today, the Romans gave their wealths off to beauty. This was seen in The Satyricon when Trimalchio received such a big heritage from his maestro. He did non maintain Trimalchio around all that clip merely because he watched over the place. He was infatuated with Trimalchio and kept him around for the sexual partnership. Trimalchio said he besides satisfied his maestro s married woman and I believe him because he said he was nt one to tout. Hopefully America does non go on down the same well-lit and easy accessible way as Trimalchio and Rome. It is ever that way that is easy to take and Trimalchio lit the torches. Hopefully America does non blow her horn so aloud that the fire brigade comes and when she turns back around all her dinner invitees are gone. THE End

An Evaluation of Professional Placement Activities Research Paper

An Evaluation of Professional Placement Activities - Research Paper Example Legal-World’s legal entity form follows that of a partnership which â€Å"is a business owned by more than one person, with its equity consisting of a separate capital account for each partner†. It is co-owned by five lawyers who have contributed equal proportions to the firm’s capital account. Legal-World’s, aside from continuously developing and maintaining an efficient, expedient, less costly, and adaptive system of delivering legal services, also strive in providing a cultural- and nationality-specific system of extending legal services which accurately respond to the varying client concerns, specifically immigration personal injury concerns of its multinational pool of clients. With clients hailing from various countries (the Philippines, Singapore), Legal-World sees it as an must to tailor its services to suit the specific requirements of their different clients, especially as to legal considerations relevant to the respective home countries of their clients. Yet, although Legal-World strives for specificity in the services it provides, still as to its internal hiring practices, Legal-World seeks to attract, hire, and maintain, as it does hire and maintain, competent subject matter experts who have extensive general knowledge on all sorts of personal injury litigations. Legal-World does this knowing very well that although clients’ legal debacles may require ad hoc solutions, still, one client’s personal injury case cannot be as different to another client’s as to fall under a different practice area altogether.

Reflection Paper Assignment ( The Wise Leader )

Reflection Paper ( The Wise Leader ) - Assignment Example With integrity taking the centre stage of the leader’s operations, a sense of accomplishment will be felt by the entire organization, as the leader is able to boost team work among the employees, despite the challenging times in the organization (Fairholm, 2003). Through integrity, leaders create shared contexts in which dialogue and learning takes place in the organization. In such an environment, the leaders are not biased and give all employees an upper hand in learning and accessing promotions. In the long run, the members of the organization build relationships and rapport among themselves. Close interaction between the concerned members of the organization enables them appreciate the values of all persons and their opinions regarding specific issues in the organization. Additionally, proper leadership must go hand in hand with freedom (Fairholm, 2003). Freedom in this case allows the employees feel free and confident to make any form of consultations, both from their seniors to their juniors (Fairholm, 2003). With a sense of independence and autonomy inculcated in the organization, it is obvious that the employees will have a sense of belonging to the organization; they will also act as their true selves and be innovative enough to boost the performance of the organization at hand (Fairholm, 2003). Freedom goes hand in hand with effectual communication, as communication is the pillar of any organization. In an event where information is passed to the subjects in a pleasant manner, chances are that leaders will manage to touch the hearts and minds of the subjects in the organization. Additionally, freedom as a critical insight to leadership creates a situation whereby the varying viewpoints of the organization are represented and values set by the leaders. Leaders who are able to allow freedom and autonomy rein in the organization may be referred to as social entrepreneurs who are able to work, as persons with a