Analysis Of The Three Financial Models Free Essays

Presentation Chapter 11 alludes to the condition of a person who can't pay their obligations and against whom a liquidation request has been made by a court. Such requests deny bankrupts of their property, which is then used to pay their obligations. Chapter 11 procedures are begun by a request, which might be introduced to the court by (1) a lender or banks; (2) an individual influenced by an intentional game plan to pay obligations set up by the account holder under the Insolvency Act 1986; (3) the Director of Public Prosecutions; or (4) the indebted person. We will compose a custom article test on Investigation Of The Three Financial Models or then again any comparative point just for you Request Now (Smullen and Hand, 2003). In the event that we expect that an organization is a different lawful substance in this manner qualifying as a legitimate individual, we can receive the above definition to characterize liquidation with regards to the partnership or corporate insolvency as the condition of a company that can't pay its obligations and against which chapter 11 request has been made by a court. (Smullen and Hand, 2003). Investigation of the models for anticipating chapter 11. There are three fundamental ways to deal with anticipating chapter 11 which include: bookkeeping scientific methodology, alternative hypothetical methodology and the measurable methodology. Becchetti and Sierra (2002: p. 2100).â Under the factual methodology corporate disappointment hazard is dissected through four generally known techniques which utilize asset report proportions: straight or quadratic segregate examination, strategic relapse investigation, probit relapse examination and neural system investigation. For the motivations behind this paper we will confine our examination to three essential money related models, which incorporate the Z-Score model, the discriminant model and the Black-Scholes-Merton Probability. We additionally portray the use of these models in partnerships. 1. The Z-Score Bankruptcy Prediction Model The Z-score expectation model was created by Altman in 1968. (Grice and Ingram, 2001: p. 53). The Z-score model applies multivariate discriminant examination (MDA) and utilizes monetary proportions as information factors to foresee money related misery. (Tzeng et al, 2007: p. 297). As per Grice and Ingram (2001: p. 53), Altman (1968) utilized an example of 33 non-bankrupt assembling firms from 1946-1965. Grice and Ingram (2001) attest that in spite of the way that the z-score model display high precision rates utilizing both estimation and hold-out examples, (95% and 84%), its generalizability to ventures and periods outside of those in the first example has gotten little consideration. This model has be broadly utilized in an assortment of enterprises to assess monetary states of firms and it is persistently being utilized in numerous business circumstances including liquidation expectation and other money related pressure conditions. Grice and Ingram (2001) did a test on the z-score model based three fundamental tests which incorporate the model’s capacity to foresee chapter 11 today rather than periods in which it was created, the helpfulness of the model in anticipating liquidation in non-fabricating just as assembling firms and its capacity to foresee insolvency in budgetary pressure conditions other than chapter 11. Their discoveries show that in spite of the fact that the model is valuable in anticipating chapter 11 just as other budgetary conditions, the models precision is fundamentally lower in late periods than that revealed in the first work by Altman (1968).Grice and Ingram (2001) additionally find critical contrasts in the model’s coefficients from those detailed by Altman. In view of these discoveries, Grice and Ingram (2001) recommend that better exactness can be accomplished by re-evaluating the model coefficients utilizing estimation from periods near trials. What's more Grice and Altman (2001) find that the incorporating non-producing firms in the example, further debilitates the precision of the model. 1.1 Application of the Z-Score model Business banks utilize the model as a feature of the occasional credit audit process; speculation brokers utilize the model in security and portfolio investigation. It has been utilized as an administration choice instrument and as an examination device by evaluators to survey their clients’ capacities to proceed as going concerns (Grice and Ingram, 2001: p. 53). 2. The Black-Scholes-Merton Model. As indicated by Reisz and Perlich (2007) after from Black and Scholes (1973) and Merton (1974), the normal supply of a firm can be viewed as a standard call alternative on the hidden resources of the firm. It is accepted that investors have offered the partnership to banks, and hold the choice of repurchasing it by paying assumed worth (in addition to enthusiasm) of their obligation commitments. (Reisz and Perlich, 2007: p. 2). Then again, utilizing put/call equality, we can consider investors to be holding the firm’s resources (purchased in the wake of obtaining cash from loan bosses) just as a put alternative with practice value equivalent to the presumptive worth equivalent to estimation of obligation. (Reisz and Perlich, 2007: p. 2). In the occasion where the where the firm worth is beneath the activity value, that is, the place the cost of the firm is underneath the presumptive worth of the obligation at development, investors can unreservedly work leave without reimbursing their obligation commitments. (Reisz and Perlich, 2007: p. 2). This is like offering the firm to the bondholers at the assumed worth of the obligation. (Reisz and Perlich, 2007: p. 2). Reisz and Perlich, (2007: p. 2) states that such a value based valuation model can prompt better liquidation expectations. In an investigation by Hillegeist et al. (2004), it was discovered that the probabilities of liquidation retreated from the a Black-Scholes-Merton basic model are up to multiple times increasingly enlightening that ones construed from bookkeeping based measurements, for example, the Altman (1968) Z-score. (Reisz and Perlich, 2007: p. 2). Anyway in spite of the benefits of this Black-Scholes-Merton model, it doesn't give any method of reasoning to watched administrative (limited) hazard decisions. (Reisz and Perlich, 2007: p. 3). Moreover, probabilities of default (PDs) originating from this system are miscalibrated. (Reisz and Perlich, 2007: p. 3). 3. The Mutiple Discriminant Model Different discriminant investigation (MDA) is a factual method utilized in the characterization of a perception into one of a few from the earlier groupings, subordinate upon the observation’s singular attributes. It is fundamentally valuable in the arrangement as well as forecast in issues where the reliant variable shows up in subjective structure for instance, male or female, bankrupt or non-bankrupt. Thusly the initial step is to build up unequivocal gathering characterizations. The quantity of unique groupings might be at least two. The MDA model is favorable in that it considers the whole profile of qualities basic to the significant firms, just as the collaboration of these properties. Alternately, a univariate study can just consider the estimation utilized for gathering assignments each in turn. Another significant preferred position of the MDA model is the decrease of the analyst’s space dimensionality.â When examining an exhaustive rundown of money related proportions in surveying a firm’s chapter 11 potential, there is motivation to accept that a portion of the estimations will have a serious extent of collinearity or connection with one another. (Altman, 1968). 3.1 Application of Multiple Discriminant Model Following its first application during the 1930s, the MDA model has been utilized in numerous investigations and orders. In its prior days it was utilized uniquely in Biology and conduct sciences. Today, the model has been applied effectively in money related issues, for example, credit assessment and venture arrangement. For instance, Walter utilized the model to group high and low value profit proportion firms, and Smith applied the model in the characterization of firms into standard speculation classifications. List of sources A market-based structure for liquidation forecast. Alexander S. Reisz and Claudia Perlich. Diary of Financial Stability, 2007, Pages 1-47. A genuine esteemed hereditary calculation to streamline the boundaries of help vector machine for anticipating chapter 11. Chih-Hung Wu Gwo-Hshiung Tzeng Yeong-Jia Goo  Wen-Chang Fang. Master Systems with Applications Volume 32, 2007 Pages 397â€408 â€Å"Bankruptcy†Ã‚  A Dictionary of Finance and Banking. John Smullen and Nicholas Hand. Oxford University Press 2005. Oxford Reference Online. Oxford University Press.  â http://www.oxfordreference.com/sees/ENTRY.html?subview=Mainentry=t20.e278 Chapter 11 hazard and gainful effectiveness in assembling firms. Leonardo Becchetti and Jaime Sierra Journal of Banking Finance, Volume 27, Issue 11, November 2003, Pages 2099-2120 Trial of the generalizability of Altman’s chapter 11 forecast model. John Stephen Grice and Robert W. Ingram. Diary of Business Research Volume 54, 2001 Pages 53-61. Monetary Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy. Edward I Altman. Diary of Finance, Volume 27, Issue 4, September 1968, Pages 589-689. The most effective method to refer to Analysis Of The Three Financial Models, Essay models

Michealangelo Buonarrati essays

Michealangelo Buonarrati papers Michelangelo was genuinely perhaps the best craftsman that at any point lived. Considered an ace craftsman by his own age he was profoundly looked for after and regarded by obvious workmanship coinsurers of the renaissance time frame. Numerous specialists and artists are not perceived as Masters until years after their passing. Michelangelo was unquestionably held in high respect during the Renaissance time frame and all through the ages. He was a dedicated, tireless craftsman who was perpetually discontent with his own work. He had exceptionally close ties with the Roman Catholic Church the same number of his works delineated either Biblical scenes or characters. He utilized numerous sorts of medium to make his work yet viewed himself as fundamentally a stone carver. Michelangelo Buonarrati was conceived in a town called Caprese and experienced childhood in Florence, Italy. Experiencing childhood in Florence greatly affected his life since Florence was the center of a significant part of the masterful blast that happened during the Renaissance time frame. A large portion of his young life he battled with his folks among homework and the craftsmanship he so cherished. At age thirteen his dad permitted him to turn into the understudy of Domenico Ghirlandaio a painter who showed him the craft of Fresco (painting on wet plaster). At age fifteen he moved into the place of Lorenzo de Medici a main political figure and benefactor of human expressions. It was during this time he built up an adoration for verse, writing and chiseling. He met and concentrated with Giovanni who showed him the styles of Donatello one of the fifteenth hundreds of years most prominent stone carvers. He additionally took in a way of thinking called Neoplatonism-a hypothesis tha t the body is a snare for the spirit that aches to connect with God. Michelangelo was a strict man and spent numerous hours examining the sacred texts which impacted a great deal of his work. He did not many works that were not strict situated in some structure. He likewise hobnobbed with a great deal of exceptionally rich men just as pioneers of government a... <!

The Death Penalty Research Paper Example | Topics and Well Written Essays - 1250 words

The Death Penalty - Research Paper Example Synopsis of the significant issues, ideas and distinctionsThe capital punishment is certifiably not another marvel in the general public, and it has been in presence in the course of the most recent decades. Indeed, even today, numerous countries despite everything practice capital punishment including the US, who accepts to be the human rights advocates. This was seen when it hanged the Iranian president, Saddam Hussein. There are as yet waiting and unanswered inquiry with respect to capital punishment. Numerous individuals accept that the consistent presence of capital punishment in the 21st century bargains the job of the equity framework. For example, the equity framework was set up with the longing for recovery yet not requital (Norman, 1995). Along these lines, it is unconvincing to execute a convict in light of the fact that the equity framework has made a judgment. To numerous individuals, capital punishment is indecent and exploitative. Life is un-estranged right that everyb ody ought to appreciate. Subsequently, human rights activists accept that taking ones right more so regular right is shameless and unethical.The equity arrangement of any country has a job of restoring the guilty parties with the goal that they don't rehash a similar wrongdoing. Along these lines, the convicts are given another new opportunity to reconsider themselves and start another life. Forcing capital punishment on lawbreakers means that bombed equity framework as it is a dishonest practice. As much as an individual who submits capital offenses merits the death penalty, capital punishment is brutal and bargains the job of mankind just as regular rights (Norman, 1995).

What Makes the Best Online Paper Writing Service?

What Makes the Best Online Paper Writing Service?Finding the best online paper writing service is not hard to do, provided you know where to look. Simply put, there are some websites out there that offer professional quality and many others that are not all that good. It's going to be up to you to choose the one that is going to provide you with the results you want.Online business writers are some of the best in the world, in fact, the competition for their services is fierce. Their competition is in the number of people looking for their services versus those who are willing to pay for them. Getting the best online paper writing service is very important, because they have a better understanding of the kind of paper that needs to be written.The best online writing service understands that there are many different reasons why people need to write an essay or to rewrite the paper. In addition, they also understand that there are several different things that need to be done to make i t look professional and to make sure it is legible. All of this makes it very important to hire a service that has all of the right skills that you need to produce the results you are looking for.When you are looking for the best online business writers, you will want to check into their background, as well as their experience. When you have found a company that is going to give you quality work, you will then want to see what they can do to get your paper finished so that it meets all of your expectations. You want to get a writer that can take care of the things that you don't want done.You need to look at the different kind of tasks that need to be done with your paper. Some of the tasks that you need to find someone to handle will include preparing the proper templates that the company uses, and making sure that all of the right content has been included. This will allow you to get the most out of the writer, since you will be able to focus on getting your paper finished as quic kly as possible.The best online paper writing service can also offer a variety of different types of paper. They will be able to work with any subject matter that you need to get out of the paper. They can also use different style of fonts, as well as the type of paper that they are going to give you in order to get the results that you are looking for.You need to find a writer that is going to give you a quality paper, because if they aren't going to be able to get it done, then they aren't going to do anything but waste your time. Get the best online paper writing service, because this will allow you to get the results that you want.

The Quality Of Care Of The United States Health Care System

The quality of care In the United States Health Care System, unlike a lot of people’s perceptions, is not the best in the world. In fact, Rose Ann DeMoro, the Executive Director of National Nurses United, Which happens to be the nation’s largest professional association and union for registered nurses, wrote in â€Å"How US Private Insurance Healthcare is Failing,† â€Å"A study published [in June 2011] from the university of Washington in collaboration with researchers at Imperial College London found life expectancy rates in eighty percent of US counties were fare behind the standard set in the top ten nations† (DeMoro 2).Also, in a study shown in â€Å"Forbes† America’s quality of care ranked fifth out of eleven industrial nations: Australia, Canada,†¦show more content†¦He later had to be rushed back to that very same hospital merely days later were it was confirmed that he indeed was suffering from Ebola. Duncan was pronounced d ead at Texas Presbyterian October eighth (Sanders 2). This incident spot lights a problem with the American Health Care System. Even as Rebecca Hersher, An National Publican Radio (NPR) reporter, stated, â€Å"Many [Liberians] noted how different Duncan’s experience in the U.S. health care system seemed from white patients who contracted Ebola, like Dr. Kent Brantly†¦Ã¢â‚¬  (2). At first the hospital defended itself issuing the statement,† He was treated ‘with the same high level of attention and care that would be given any patient, regardless of nationality or ability to pay for care.’ But the hospital also acknowledged that it failed to properly diagnose Duncan when he first showed up†¦Ã¢â‚¬  (2). In the end, the hospital settled with Duncan’s family out of court for an undisclosed amount, and are going to make a charity in his name (2). Yet, it seemed the lack of quality care did not stop at just missing Duncan’s diagnoses. Tw o of the nurses caring for Duncan contracted Ebola. One of them was Nurse Nina Pham. â€Å"Pham, 26, was the first person to contract Ebola on U.S. soil† (McCallister 1). It would seem the hospital was not equipped or trained to deal with an Ebola patent (2). She, like Duncan’s

Early Childhood Education Field Experience - 1913 Words

One Child Study of Saumya Patel Sumter County Primary School: Early Childhood Education Field Experience Submitted By: De’Shun Iverson Introduction to Early Childhood Education 3rd Period Study of Saumya Patel Saumya Patel is 5 years old. He attends Kindergarten at Sumter County Primary School in the Sumter County School System. Saumya is very intelligent, and is very far ahead of many of the students on his level. He is very independent, and he is very capable of doing many things on his own. Saumya sometimes questions why he sits in a kindergarten classroom with his intelligence. He does not understand why some of his classmates act their age. Saumya encourages his classmates to read. He says that reading is the key to success. Saumya believes that if you put your mind towards something, it’s likely to happen if you work hard enough to achieve it. He is constantly telling his teachers that he is bored and needs something to do; this is because he works at a more advanced pace that some of his other classmates. Saumya loves to play games. He is very concerned about the thoughts of others. He likes to play board games.It is Saumya’s preference to put his classmates first, and then think about himself. He doesn’t care what they think about themselves, because no matter what, he is going to encourage them to be the best that they can be. Saumya’s best friend, Logan, play with each other every single day. They love to hang out with each other: they love toShow MoreRelatedUnderstanding The Professional Roles Of Supporting Consultee And Consultant Field Of Early Childhood Education Essay1200 Words   |  5 Pages Why Program Selected The program I have selected for this assignment on consultations in Early Childhood settings is Sunshine Academy Early Education Center located in Brookline, Massachusetts. 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Compare and contrast w/Benjamin Franklin and Thomas Edison. free essay sample

This will prove that there are many seminaries (interested in electricity, were both scientist and Inventors, both improved the world) between Benjamin Franklin and Thomas Edison along with their preferences (family valves, Benjamin Involved In politics world, Thomas Involved In social world), wrapping up with how the two scientists are more similar then different. Benjamin Franklin and Thomas Edison can resemble each other in more ways then one. For both of the scientists, electricity was a great interest. Franklin believed that lightning was electricity that came from the clouds.He believed this theory so much that he proposed an experiment to prove It. It would consist of attracting lightning to metal rods resulting in the invention of the lightning rod. Thomas Edison was known for his light bulb. Contrary to popular belief, Edison did not invent the light bulb, Just improved a 50-year-old idea. It was Editions interest in electricity that brought him to improve the light bulb. Secondly, both of these great men were not only scientist but at the same time inventors too. Benjamin Franklin will always be known for one of the most Important Inventions for mankind, Bifocals.This Invention changed the lives of many people by the way they see and the convince of it. Not only did Franklin discover Bifocals but also the Lightning Rod, Catheter, and Franklin Stove. Thomas Edison was mostly known for his work he did with the light bulb. He also helped the movie world. Some may call it the entertainment world instead. He invented the first camera for motion pictures, It was called the Competition. This invention help change the way people provide entertainment forever. Next, these scientist were both great In all ways, they also started something new to add to their greatest.Franklin started the first fire insurance. He came up with the idea when he was 46. He knew with the new technology coming out, that it may be of some need. Thomas Edison worked for newspapers when he was a young boy. He started the first newspaper to ever be printed on a train. He called It the Grand Trunk Herald. Finally, not only was the interest of electricity a big favor In their seminaries but also they both started their lives working In the printing profession. Franklin worked In the printing profession up until he turned 42.There he decided to retire to devote his time to his studies in science. Edison started working for the printing profession as a young boy. When he was twelve, he lost almost all his hearing. Edison believed it was from when he was grabbed by his ears and lifted too train. With the lost of almost all his hearing, It did not slow Edison down. Franklin and Thomas Edison. These two men were very different when it applies to their families. Franklin was very distant from his family. When he moved to Boston, he cut his family completely out of his life. For Edison he claims that his mother is what made him. When he was a boy, there was a disagreement with the teacher that he mother did not like. She in result pulled him from school and continued to teach him herself. She then taught Edison the rest of his schooling. Many believe that this is the reason he quotes his mother made him. Next, along with being a scientist and inventor, Franklin was also at the same time involved in the political world. When he was 70, Franklin was chosen to be in the Pennsylvania Constitutional Convention. The next year he signed the Treaty of Alliance with France. Right before Franklin passed on he signed the Constitution of the United States of America. Lastly, as for Edison he was involved in a totally different world that many people today would know it as the social world. Edison had invented the first camera for motion pictures. By doing this, it brought him into the entertainment world and later called the social world. Edison even copyrighted the first motion picture ever. It showed his employee Fred Tot pretending to sneeze. By doing this, it started the production of motion pictures.Edison changed the Social world Just like Franklin changed the Political world. After reviewing Benjamin Franklin and Thomas Editions achievements, it is recognized that there are more seminaries rather then differences. In history it was even written that Thomas Edison was following in Benjamin Franklins footsteps. Both were interested in the same things and the same desires when conducting their experiments and theories. They both enjoyed researching electricity. When researching it they both came up with inventions that changed the world. Even when they were children, they both enjoyed the same careers. They both started out working in the printing profession and then finished their lives with studying science. Along with being in the printing profession, they both were known to be scientists and inventors. With all the work that they have finished, it led them to discover new things that could improve the world. For example Franklin will always be known for the lightning rod and the bifocals. As will Edison be known for improving the light bulb and starting the entertainment world with the first camera for motion pictures.Without these two men somethings in this world today Just would not be here. This has Just proved that there are many seminaries (interested in electricity, were both scientist and inventors, both improved the world) between Benjamin Franklin and Thomas Edison along with their differences (family valves, Benjamin involved in politics world, Thomas involved in social world), wrapping up with how the two scientists are more similar then different. These two scientist and inventors are two great men that have lived. Without some work that they have accomplished, no one would know where the world would be today.

Ecology of Panther a Leo (Lion)

Introduction Understanding of the ecology of animals is very interesting. According to Humphreys (1997, p. 121), many of wildlife habitat encroachment has been reported worldwide. This has mainly happened due to the general increase in population. Increased population leads to high demand for food and other resources that led many to convert the animal habitats into poaching grounds and agricultural areas to feed the hungry population.Advertising We will write a custom essay sample on Ecology of Panther a Leo (Lion) specifically for you for only $16.05 $11/page Learn More Panther Leo or Lion species is predominantly found in Africa where they have faced tremendous interferences from poachers who have different interests (Firouz 2005, p. 91). Some hunt the animal for skin while others do it for revenge reasons when they attack humans. Lion belongs to the genus Panther with other animals like the Tiger, Jaguar and leopard also. Lions are referred as a â₠¬Ëœking of beasts’ in the wilderness. This research focuses on the analyzing the life of a lion. Geographic Distribution of the Species Triefeldt (2008, p. 56) noted that lions are largely found in Africa and in some parts of Asia. The species is reported to be endangered in these areas. Some of the remnants are known to reside in Indian National park, the Gil forest. From the historic perspective, some of the lion species are believed to have moved away from south west of Asia and North Africa. Until the recent past, lion was the most widespread mammal seconding humans. In India, the habitat of lions is in both the forests of dry savanna and the dry forests of deciduous scrub. In Africa, the lion species is found in grasslands of savanna where there are acacia trees. In the 480BC, lions were believed to be common in Greece. They attacked a Persian king during his reign and were reported to be rare by 300BC. Most of the lions were eradicated on the arrival of firearms during the 18th century. Later in the 19th and 20th century, lions started becoming extinct in Southwest of Asia and North Africa. In most parts like India, lions have become extinct. Generally, lions are known to live mostly in the shrubby and forested areas. The picture below shows a lion in its habitat Pattern of distribution of the species within its geographic range According to Lions (1996, p. 58), different lion species are found in different environments depending on the geographical region. However, Africa is commonly known to harbor many lion species, their distribution pattern vary from one location to another within the continent.Advertising Looking for essay on ecology? Let's see if we can help you! Get your first paper with 15% OFF Learn More In some parts of Africa, for example the Eastern part has a considerably high number of lion species compared to the number of the same species in other parts of Africa. In the Asian region, the most commonly found species is the P.L persica. In Africa, researches show that there are five different sub-species found within different geographical regions. These lion species include, the Panther a Leo senegalensis that is found in the parts of Western Africa and P.I.azandica found in the Northern East of Congo. Followed by the P.I.bleyenberghi, a species that is found in Angola and southern parts of Congo, and the Panther a Leo krugeri also known as P.I. verneyi that include the lion species from Kalahari and P.I krugeri, which is found in southern Africa. In the Eastern Africa, there are the P.I nubica, the lion species that are categorized into Masai, Somali, Serengeti, and Congo lions. Individual distribution Lions are well organized. Based on their sexes, there is division of roles or duties. The animals due to their form of organization rarely live in isolation. Female lions giving birth at the same time have a shared responsibility of bringing up the cubs (Riley 2008, p. 79). A part from hunting for these cubs, lioness would breastfeed them irrespective of the specific cub mothers. The male lions’ big responsibility is to protect the female lions and the young ones. Lions therefore live in groups or prides. A pride on average can comprise 13 lions, both males and females. They also do the hunting in a group and in very rare occasion, a lion will go hunting individually. Major habitats that the species occupies Hunter (2005, p. 46) says that the lion’s habitation varies. Their habitats include plains, forests, and grasslands. Quite a good population of lion species is known to reside even in the semi-arid and at high altitude areas except within the tropical rainforests and extremely desert areas. In fact, a lion species is known to live in Ethiopian Bale mountains that are 4,240 m. African lions are commonly found in savanna habitations or in plains. These areas are believed to have a high prey base. Lions in Asia found in Gir forest India. The lion prides whi ch constitute both sexes range from two to 40. Within the pride, male lions are usually more than their female counterparts are. In most instances, lions are found in groups, an adaptation that helps in increasing their efficiency when hunting and in guarding their territorial boundaries against other animals. Important habitat components According to Humphreys (1997, p. 127), lions inhibit a wide range of habitats. Mostly they prefer inhibiting in areas that are forestry and shrubby. As seen earlier, these animals like hunting in the darkness in order to hide from the prey. They also like a habitat with some kind valleys to make the hunting easier for them since such areas help them hide from the prey aimed.Advertising We will write a custom essay sample on Ecology of Panther a Leo (Lion) specifically for you for only $16.05 $11/page Learn More As discussed earlier, lions live not in isolation but in groups. The female do most of the hunting especially hunting the light prey like gazelles and wild beasts. On the hand, male like hunting huge animals like zebras and buffalos. Both male and female lions have different preferences for prey hunted. Most of this species as seen from the discussion above, in Africa they are mostly found in Kalahari. This place is full of scattered acacia trees. They like such a place because they shelter under these trees during sunny seasons. Female lions also give birth under trees or under shade. Foods eaten According to DeGraaf (2000, p. 28) lions are predatory and carnivorous animals. The lion’s prey range from the small sized to the large sized animals. Their diet is mainly comprised of birds, rodents, buffalos Zebras and many other small and big animals. The lion as said earlier has the dominion over almost all other animals in the wilderness. Lion, the king of the Jungle, is able to straggle and kill animals like Rhinos, Antelopes, Zebra, and many others to obtain food. The animal is very cunning .After killing other animals; lions ensure that they do not share their kills and do chasing away other predators. The figure below shows a lion carrying away its prey. McGuire (1989, 40) says that in most of the occasions, the female lions do the hunting. Hunting activity is usually individually and in prides also. The prides just like female and male lions, differ in food preference. Female lions prefer hunting preys like antelopes while their male counterparts prefer large animals like buffalos (Mitra 2005, p.125). The hunting is normally done in groups and at night. Lions are much slower compared to the speed of most of their prey. Although they can also run fast, most of the preys they hunt are faster hence, hunting at night helps them in concealing their presence against the animals they hunt.Advertising Looking for essay on ecology? Let's see if we can help you! Get your first paper with 15% OFF Learn More Timing and pattern of reproduction Marshall (2010, p. 114) observes that lions are polygamous in their breeding. The gestation period of lions is around 110 days. Their breeding is throughout the year. By the age of four years, most lionesses are ready for reproduction. Mating takes place at specific times of the year among the lion, which can take several days (Mitra 2005, p.35). A female lion, when on heat can mate with several different males. When giving birth, the female lion isolates to a sheltered place away from the rest of the pride. Some researches show that lions breed well in protected area such as game parks. A lioness on average can give birth from two four cubs per each attempt. After birth the female does not immediately mate again, it takes some time, usually about two years. The cubs are usually blind at birth. Their eyes open roughly after a week. The diagram below shows lions mating. Olney (1994, p. 89) says that the mother lioness hunts for its young ones and p rotects them from predation until they are able to support themselves. In a situation where many lionesses have given birth at the same time, they share the responsibility of rising as well as feeding the young ones. Cubs’ mother isolates from the rest of the pride for a maximum period of 8 weeks. Weaning of the young lions can start from the seventh month. Normally, at the age of 3 years, a male lion riches maturity and at the age of 5 years, they are in a position to defend other pride members. The female lions mature so fast and from the age of 4 years, they are ready for procreation. The male lions rule the prides and always fight for their chances to take over the ruling position in a pride (Feldhamer 2003, p. 56). There is therefore a continuous competition between female lions and males over their social structure. Conservation or Pest Status According to Skinner and Chimimba (2005, p. 118) most lion species live in Southern and Eastern Africa. It is reported that desp ite the breeding ability of lions, their number is decreasing each day. Estimations indicates that about 23,500 lions are in African protected areas against the 100,000 lions present a century before (Olney 1994, p. 119). The main pest affecting the lion species are the humans. Poaching of lions and human encroaching the lion’s habitats, has been on rise. There increased cases of human-wildlife conflicts, a factor that is facilitated by loss of habitats for these animals hence migrating to human habitations. Due to habitats loss and poaching, the population of the remaining lion species lives in isolation, a factor that encourages inbreeding leading to decrease in genetic diversity. Interference of the lions habitats buy humans as posed a serious impact on species conservation (United Nations Environment Programme 2008, p. 113). There is need to create awareness to the public on the importance and need for conserving lions and wildlife in general. A part from humans, lions al so face predation from other animals. Although lions are serious carnivores, they are predated upon by animals such as cheetahs, hyenas and leopards which are commonly known in killing the lion young ones and the aged lions. Population Management According to Fleagle (1999, p. 81), after the realization that the population of lion species is decreasing every day, a number of coordinated measures has been put in place to manage the remaining population. This plan was started in 1982 for those lions in Asia, but since the lions in this region were discovered impure genetically, the plan was suspended (DeGraaf 2000, p. 78). The plan of lion population management in Africa started a year later focusing mainly on the subspecies in the southern Africa. This plan has been faced by a series of challenges. Most of the captive lions are from an unknown origin and diversity, a factor that makes population management based on their genetic diversity difficult. Amongst the pride, lions have a wa y in which they manage their population. Lions after giving birth always like staying with their young ones in the same pride so that they can continually watch over them. This process continues up to around 40 lions, which is the maximum number for a pride. After acquiring the maximum number, that a pride can support, the incoming extra lions split and shift to a different region for easy management and foraging. This avoids competition over resources like food, water, and shelter. List of References DeGraaf, R 2000, New England wildlife: Habitat, natural history, and distribution, University Press of New England, Hanover. Feldhamer, G 2003, Wild mammals of North America: Biology, management, and conservation, Johns Hopkins University Press, Baltimore. Firouz, E 2005, The complete fauna of Iran, Tauris, London. Fleagle, J 1999, Primate adaptation and evolution, Academic Press, San Diego. Humphreys, P 1997, The lion and the gazelle: The mammals and birds of Iran, I.B. Tauris, London . Hunter, L 2005, Cats of Africa: Behaviour, ecology, and conservation, Struik, Cape Town. Lions, J 1996, Lions’ commentary on Unix 6th edition: With source code, Peer-to-Peer Communications, San Jose. Marshall, C 2010, Mammal anatomy: An illustrated guide, Marshall Cavendish, New York. McGuire, L 1989, Lions, Aladdin Books, New York. Mitra, S. (2005). Gir Forest and the saga of the Asiatic lion. New Delhi: Indus. Olney, P 1994, Creative conservation: Interactive management of wild and captive animals, Chapman Hall, London. Riley, J 2008, African lions, Lerner, Minneapolis. Skinner, J Chimimba, C 2005, The mammals of the southern African subregion, Cambridge University Press, Cambridge. Triefeldt, L 2008, Plants animals: A special collection from the World of wonder series, Quill Driver Books/Word Dancer Press Sanger. United Nations Environment Programme 2008, Africa: Atlas of our changing environment, United Nations Environment Program Nairobi. This essay on Ecology of Panther a Leo (Lion) was written and submitted by user Muhammad Keith to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Rape and Undercover Colors Product Essay

Rape and Undercover Colors Product Essay Rape and Undercover Colors Product Essay Four students from North Carolina State University have invented a nail polish called Undercover Colors that detects date rape drugs. Some examples of date rape drugs are Rohypnol, Xanax, and GHB which render the user to become sedated and therefore, be vulnerable to sexual assault, which tends to be the case for many rape victims.. The nail polish is said to change color when coming into contact with those substances in a women’s drink. There are also some other inventions that change color when coming into contact with these drugs, such as: cups, coasters, and straws. ! There is some controversy between using the nail polish because it is said to â€Å"promote rape culture† and allow for more victim blaming. What judgement would you make about the importance of the Undercover Colors product? I believe that the product in no way promotes rape culture. It is simply giving women a â€Å"weapon† to fight with in this war on rapists and the rape culture. Sadly, we are in need of a product like this and no amount of saying â€Å"I don’t want to test my drink when I’m at the bar. It’s not the world I want to live in,† from Rebecca Nagle on FORCE: Upsetting Rape Culture is going to save your ignorant bum. The facts state that around 25% of rape victims have been drugged beforehand and using items like those can lessen the numbers of victims and even catch some of those rapists. The keyword in that sentence, Rebecca Nagle, is â€Å"want.† As in you do not live in that world but you want to. And as for the victim blaming, the product is to scare the rapists so that they know that they won’t get away with the crime (www.sltrib.com). What I am coming to understand from what people might be afraid will happen is that more and more people will blame the victim because she was not wearing the Undercover Colors nail polish and therefore, they will say that it’s her fault for being raped, just like some are saying that same thing about these women’s clothing, as in â€Å"she was asking for it.† I think that that is stupid. People should know that consent is a continuous and sober â€Å"yes.† But, sadly, some people do not know that and therefore, we do need this product. ! How would you evaluate the efficiency of the product? The efficiency can be evaluated by a number of

Documentary photography Essay Example | Topics and Well Written Essays - 1000 words

Documentary photography - Essay Example Documentary photography belongs to a field in photography that utilizes pictures to portray historical information. Visual evidences are employed to document specific events. Instead of purely aesthetic purposes, this school of photography delves into the various social and political issues of the subjects. According to Rothstein, â€Å"The subject matter of documentary photography is unlimited, but not every photograph is documentary. It should convey a message that sets it apart from a landscape, a portrait, or a street scene† (1986, p.19). Most of the time, the pictures evoke emotions of anger, intrigue, and shock. A number of magazines and newspapers capitalize on these visuals to communicate their respective stories. These images are ideal in moving people’s thoughts and actions. Hence, documentary photographers act like eyewitnesses for the general public. They engage other people with social issues through the evidences of their photos. They capture their reflect ions of the messages in different communities for people to see. The photographer’s skills to combine art, journalism, and education are needed in producing valuable results. These records of diplomatic and collective situations aim to pave way for social change. One of the famous 20th century photographers in this area is Paul Strand. He uncovered the potential of photography as forceful vehicles. He is known for his works’ ardor, clarity, and sophistication (Strand, 2009) . His work covered different kinds of locations in Africa, Europe, and of course, his homeland, America. Unmistakably, his interest consisted of various themes and categories over the years. He was a student of Lewis Hine, a renowned documentary photographer. Later, he was introduced to Steiglitz and Steichen, operators of the 291 gallery. After sometime, Strand’s works were featured in Steiglitz’ photography publication called Camera work. Many of Strand’s work were also exhibi ted in the gallery. Much of his famous pictures were on the geometric structures of the city life. His images eventually won prizes at the Wanamaker Photography competitions. In his book, Masters of Photography, Strand featured a number of his photos. Some of the notable photographs are â€Å"Blind Woman, New York† and â€Å"Yawning Woman† (2009). In 1916, his photo of a blind woman highlighted a realistic theme. This image depicts his excellent skill in taking photos without the subject’s knowledge. The photo shows a head-and-shoulder portrait of a woman wearing a sign, â€Å"blind†. This effectively represents one of the diverse minority groups during his time. It challenged the society’s stand on equality, labeling, and rights for individuals with special needs. His other striking photo of a yawning woman was taken in 1917. This candid photo shows a portly female resting at the sidewalk of New York. Similar with his previous work, it demonstrate s a pure image of daily life in an urban area. It illustrates New York and the distinct characters that occupy it. Pictorialism Pictorialism views photography as an avenue for embodying fine art. In this angle, a picture’s aesthetic essence is quite emphasized. According to Encyclopedia Britannica, it is â€Å"an approach to photography that emphasizes the beauty of subject matter, tonality, and composition rather than the documentation of reality†

The General (1926) Research Paper Example | Topics and Well Written Essays - 500 words

The General (1926) - Research Paper Example The themes can range from the downright funny to the dead serious, to the everyday lives of people. This review would be focusing on a silent comedy film, acclaimed by many to be one of, if not the best silent comedy film ever produced in Hollywood cinema. The movie featured in this review is entitled â€Å"The General†, which was finished in 1926 and premiered the following year. The lead role was played by Buster Keaton, one of the most well-known silent comedy film actors of all time. The movie has an American Civil War theme, which is based on an actual historical event but mixed with comical elements, along with Keaton’s signature poker-face or deadpan face, which adds up to the amusement of viewers. Screenplay is by Al Boasberg, Clyde Bruckman and Buster Keaton, direction by both Bruckman and Keaton, and produced by Joseph Schenck and Keaton. The film narrates how a simpleton named Johnnie Gray (Keaton) was not enlisted in the army to fight for the Confederate Arm y of Tennessee, and was dumped by his sweetheart Annabelle Lee (Marion Mack) because she thinks Johnnie backed out of the enlistment. But an incident changed that, when a group of Union Spies hijacked Johnnie’s train, The General and taking along Annabelle along with it back to their headquarters. Risking life and limb, Johnnie did everything to get his beloved train and sweetheart back.

Financial perspective Essay Example for Free

Financial perspective Essay As seen balanced scorecards does not totally disregard financial measures of performance. Thus, timely and accurate data is essential to the successful implementation of balanced scorecard. This implies that handling and processing of financial data should be swift and centralize perhaps fully automated. The financial data should be integrated with corporate databases and especially data regarding risk assessment and cost benefit analysis (Stewart, 2000). Learning and growth perspective This category recognizes that people are the only repositions of knowledge i. e. people posses intangible assets of the company. In this information age intelligence is the heart of organization success and hence Ned to ensure continuous learning through employee training. This is because technology changes rapidly as aloes people exiting an organization for greener pastures. (Lipe Salterio, 2000) As a result, corporations’ culture and attitude need to be shaped to ensure that people within the organization pursue self-improvement and reverse brain drain to other companies. The cost of recruitment and training people is usually high and measures of allocating the funds to reap maximum benefits need to be developed. Knowledge sharing is equally important. Notably not all training translates to learning but the most effective learning occurs, using mentors and group discussions and communication within the organization. Intranets may contribute towards facilitating communication and learning (Norton, 2001) Process perspective This category identifies two kinds of process within the business one, the mission oriented processes and two the support process. Support processes are repetitive in nature and nature and hence easier to measure on the other hand mission oriented involve government offices and hence difficult to measure. Attention to these perspectives enables managers to know how well the operations of the business are and whether they are in tandem with customer requirements and expectations. (Kaplan Norton, 1996) Problems associated with financial measures. The move to adopt the balanced scorecard at Intel has been triggered by the inefficiency of financial measures to link corporate strategy and goals to measurement it ahs been difficult for Intel to link the strategies used in say marketing and advertising campaigns to the effects or anticipated results. Thus a shortfall in gauging performance has been experienced.. As pointed out, Intel faces strong competition from Microsoft and there has been to re-strategize its operations in order to gain competitive advantage and adopt with the changing technology. The previously used financial measures are outdated as the PC industry how shifted from the industrial age to become more knowledge based. White previously, Intel management of the company’s property equipments and plant was adequate to accord the company competitive edge, now a days the intangible asset i. e. the employee’s knowledge plays a great role in ensuring that Intel stays ahead of its game. The company’s income statements, and balance sheets are still used to capture revenues and profits but they still account very little to the company’s market value hence the need for balance scorecard. The balanced scorecard becomes handy for Intel to link its strategy i. e. deploying its intangible assets to the company’s goal i. e. dominate the PC industry. The problem of financial measures utilized at Intel is its failure to measure how effective customer relationship operating process product innovation skill of the workforce culture and other variables are in contributing to the company’s goal of maintaining lead in the PC industry. The financial measures i. e. balance sheets and incomes statements fail to assist management describe its asset and link it to strategy and goal. The pitfall of this measure is that without a clear description of the situation and the company’s possessions in terms of assets then it is difficult to know what to manage or measure. Recommended design and implementation of Intel’s balance scorecard Intel balance scorecard design will incorporate strategy aimed at increasing the company’s revenues by twenty percent in a period of 18 months. In order to do so the balance scorecard components will be used in designing the strategy. The invaluable contribution of the employees at Intel is recognized in this design. They contribute indirectly to the company’s revenue investment in the employees will improve their functional competence and hence lead to better quality products and innovations hence greater customer satisfaction. This satisfaction in turn will translate to higher sales and thus increase in revenue and profit margins. Rewards systems for hardworking employees will be given in form of cash incentives and recognition awards. More importantly, dead wood employees will not be retained in the company, as they are liabilities to the company. The workplace culture and climate will also be representative of the company’s goal; hence performance appraisals will also be used to boost hard work. The no-office policy at Intel will be retained in order to ensure equality among the company’s employees. Communication and knowledge sharing will be boosted by upping Intel intranets and using monthly meetings in departments to achieve this end. Intel will have to upgrade its internal processes to improve its customers and shareholders satisfactions hence achieve revenue. The way to do this will be by availing its microprocessors speedily to its customer’s at the time when needed. Intel will need to keep track of releases of operating systems by software hence increase sales and revenues. Intel should also develop new products and services that are relevant to meeting customers’ wants and needs. Perhaps, there is need to identify new markets in order to broaden its customers base also promote satisfaction among customers. Grievances and complaints will handle with immediacy and accuracy. Additionally, Total quality management and zero tolerance production techniques will be used in its manufacturing plant to ensure that consignment delivered to customers have zero defects. Intel will also ensure that it exercises social responsibility and that its activities benefit the greater society and don’t harm the immediate environment. The customers’ perspectives components of Intel balance scorecard will work towards creating a image of value and distinction in its customers. Intel will achieve this by incorporating a mix of different products and service that uniquely identify the customers to the company. Intel will sustain intimacy with its customers by being a representative of the customers’ diverse traits. It will ensure indiscriminate customers service to customers regardless of race, gender or religion its branding and advertisement campaigns will be acceptable to the customers. Intel will employ competitive pricing to attract and retain customers. At the same time Intel will assure great performance and auxiliary features in its products so that customers get value for their money, hence boost revenue. Delivery lead times will equally be reduced by half in order to encourage customers to buy more from them. The financial position of Intel will be influenced by the effects o customer’s internal process and the learning perspectives of the company’s workforce. Ultimately, if the positive changes on these sections are effected then the company will realize profitability and increased revenues. In effect, the company’s value in the eye of the shareholder will also improve, more to that; an increase in company assets value will be evident.

Social Constructionism and the Message of Feminism Essay -- Sociology

In this essay I will define social constructionism and how the theories of social construction altered feminism’s message during its second wave. The second wave of the feminist movement started during the 1950’s and is thought to have ended with the failure of the equal rights amendment. The amendment was only three votes shy of being ratified. Prior to this era the first wave of feminism seem to focus mainly on suffrage, a women right to vote and own property. During the second wave era, feminist incorporated the theories of social construction in their message. Social construction is the theory based on the idea that things that are present in our society were created by said society. As it relates to the message of second wave feminism, the biological factors of gender, physical traits, genitalia, hormones and the like, do not determine behaviors, gender roles, social status, and male superiority. Our society forms these conventions. Women during the years before the second wave were being coaxed back into the home. To quote Betty Friedan, â€Å"They were taught to pity the...

Performance Management at Vitality Health Enterprises, Inc. Essay

Vitality Health Enterprises is a large beauty products and nutraceuticals company offering a full range of health, wellness, and beauty products around the globe. The company was originally founded in 1987 in Ames, Iowa, by Hikaaru â€Å"Fred† Kikuchi who is an experienced serial entrepreneur. His inspiration for Vitality came when his wife was continually dissatisfied with the quality of beauty products she was finding here in the U.S., since they emigrated from Japan. Kikuchi saw a business opportunity and used his relationships from back home to import beauty products and the rest is history. Vitality has gone through numerations of growth that has included: moving company headquarters to Des Moines – thought to be a better location for growth, establishing its own manufacturing facility with its own chemists – to develop its own unique products specifically targeting the U.S. marketplace, purchasing HerbaPure Nutraceuticals to offer a broader range of products, and establishing an IPO to raise capital for further expansion – which now includes nine global offices representing markets in Asia, Southeast Asia, and Europe. Vitality has grown far beyond selling products out of Kikucki’s garage to a large scale enterprise in the personal care products sector. Beth Williams is the current CEO who was recruited in mid-2008 to replace Kikuchi over concerns for his health, and to infuse Vitality with fresh blood and new ideas in the highly competitive marketplace. The board liked her no-nonsense approach and hoped she could turn Vitality around after a period of stagnation. James Hoffman is the newly appointed vice president of Human Resources at Vitality Health Enterprises and shares concerns with Beth that Vitality is not maintaining its edge on innovation, and has a large employee turnover rate among the highly talented research scientists. His first assignment is to take the lead on the new Performance Management Evaluation Team, constructed to evaluate the success of the system, and present the findings and recommendations to the board. Hoffman’s evaluation can either provide him with a great career opportunity, or be the catalyst for his departure. His concern is they do not have all the data to present and having been with Vitality for two months, he needs to be certain of his analysis – not to mention his boss, Beth, is the one who implemented the program several years earlier. The main problem in this entire case is how Vitality can maintain being the industry leader in innovation. There is a high turnover rate with high performing employees, especially those who are the innovators in product development. The high turnover is attributed to the poor incentive structure. Innovation is vital at maintaining the competitive edge, in any rapidly changing industry. For other employees, the structure encourages complacency and a culture of ineffective performance, not easily identifying poor performers. There is a problem with the evaluation process required of the managers, in the performance evaluations. They are not properly trained on how to evaluate the teams and don’t like the structure because it alienates team members. There might also be legal issues with discrimination and how the evaluation is designed. Company wide motivation has been declining due to the performance management system. Managers don’t feel thorough evaluations are, â€Å"worth their time†, and they are concerned the force- rank system incorrectly ranks individual performance. Employees can be placed in the lower tier, comp structure, if they are part of a high performing team and the opposite can be true for employees ranked in the higher tier, if they are part of a lower performing team. The system’s â€Å"fairness† has been questioned throughout the organization, and no clear standards are understood on what dictates your placement in the tier system. If employees are not clear on the system, it is challenging to make corrections in their performance. In addition, management feels employees are less likely to take additional initiative, outside their roles, to better the team’s performance – since there is no real incentive to do so. These issues negatively affect the culture, and have led to increased turnover in top-tier talent, which has left Vitality struggling to maintain its hold as industry leader. Performance management systems primary goal should be to stimulate behaviors that improve performance within a company. It appears as Hoffman suggested – Vitality has, â€Å"missed the mark† and is not fostering the type of behavior it originally set out to accomplish. The question for Vitality and Hoffman is: does the performance management system need correction, or should they start from scratch? We believe they can modify the current system they have in place and make it successful. They have already taken the appropriate measures to find where the system is lacking, which is in motivating the employees. This demonstrates that Vitality is moving in the right direction by being proactive on improving the working environment and culture of the company. One system will never be a perfect fit for all, but we believe we’ve identified a few key suggestions, based off the organizational feedback, that would enable Vitality to â€Å"hit the mark† with their performance management system. First we would address the time constraints the managers have in preparing the evaluations, by allowing the process to be extended by three months. Teamwork is central to turning out new products, yet the evaluation removes the motivation and encouragement for individual initiative that would benefit team performance. We recommend a piece of the individual performance, perhaps 20-30 % of the evaluation, be based off team accomplishments; similar to a NFL football team winning the Super Bowl and earning bonuses for the team. It’s well known that some players contribute more than others due to ability, yet the entire team contributes and receives additional compensation based off the accomplishment. The force-rank component would be based off the employee achieving key individual milestones, that would be determined by the manager and employee, at the beginning of the year. We would also remove the required number of rankings for top achievers, achievers, low achievers, unacceptable and not rated. We would leave these up to the discretion of the manager. The manager would then have a pool of money to distribute throughout his team contingent on the performance evaluations. In order to entice innovation, within the organization, a specific bonus/kicker structure should be incorporated into the plan that rewards individuals and teams that bring new product development to market. It’s clear that Vitality has made the right moves to maintain its market leader perception. We applaud Beth Williams for identifying a problem within the company, and being proactive to change course in order to maintain continued high performance.

Student-Athletes and Compensation - Free Essay Example

Sample details Pages: 5 Words: 1354 Downloads: 7 Date added: 2019/05/28 Category Career Essay Level High school Tags: Should College Athletes Be Paid Essay Did you like this example? Created in the 1950rs, the term student-athlete is still the NCAArs foundation of all prior and current debates about not paying collegiate athletes. The current debate is less about should these high caliber players be paid by the universities and now seems more focused on how they can receive their share of a multi-billion-dollar industry and the effects if student-athletes do get paid. The effects of student-athletes being paid is where the opposition continues to rely on an out of date defense that tuition is fair compensation. Don’t waste time! Our writers will create an original "Student-Athletes and Compensation" essay for you Create order Pay for students is illegal and competitive balance in college sports will be compromised. The NCAA has a history of dealing with players being paid on a case to case basis. Most recently permitting some athletes to earn money for use of their name, image, and likeness (NIL). A great example of these inconsistencies would be Katie Ledecky having to leave the Stanford swim team to take advantage of her Olympic success, whereas Arike Ogunbowale was allowed by the NCAA to continue playing basketball for Notre Dame while being paid to be on Dancing with the Stars because it was not related to basketball (Brennan 2). After hearing the NCAArs explanation, Commission chair Condoleezza Rice said, ?I couldnt for the life of me understand the explanation . . . because obviously shers there because she hit two winning shots in two basketball games (in the womenrs Final Four), so thatrs the connectionIts time to clear this up (qtd. in Brennan 2). If Commission chair Condoleezza Rice believes NCA A policies are confusing, it must be time for existing policies to be reevaluated. The NCAA executives should clearly define a consistent way and then allow student-athletes to be compensated for their personal name, image, likeness, and participation in non-collegiate events because the non-profit organization has evolved, there are ways to properly regulate payment, and numerous cases of paying student-athletes already exist. In 1906 President Teddy Roosevelt founded the NCAA to provide safety for college football players, and at the time students were not allowed to be recruited based on athletic ability (Katz, Vaughn and Gilleran 1). Athletic scholarships were not first introduced until the 1950rs, and the term student-athlete was used soon thereafter by the NCAA President of the time, Walter Byers, to protect the NCAA from legal issues (Katz, Vaughn and Gilleran 1). The main issue the NCAA faces today, pay for play, goes back to 1984 when they were forced, by the Supreme Court, to stop limiting the telecasts of college sports and revenue started rapidly increasing (Katz, Vaughn and Gilleran 2). A century after its creation, the NCAA President Myles Brand spoke at the NCAA convention in 2006 about the status of the organization (Katz, Vaughn and Gilleran 1). He expressed that the NCAA as an enterprise had commercialized, but the players must remain amateurs: ?Amateur defines the participants. . . not th e enterprise (qtd. In Katz, Vaughn and Gilleran 1). This shows that President Brand is contradicting the NCAAs original intentions. They are not the only organization to transform into something they were not intended to be. The Olympics is a perfect example of how a platform deeply rooted in the term amateurism (student-athlete) can change and allow players to receive endorsements (Solomon 17). The Olympic model has evolved to combat the opposing opinion that funding student-athletes will make it less competitive and less appealing as Jon Solomon notes: The public hasnt stopped watching the Olympics with professionals. Making money through endorsements while being good at a sport doesnt seem to hurt interest in the Olympics, which once had the most stringent definition of amateurism (Solomon 17). While not paying these athletes according to The New York Amsterdam News the NCAA is violating the law, Jaimie C. Harris wrote, In 2015, the Ninth U.S. Circuit Court of Appeals upheld a lo wer court ruling stating the organization violated antitrust laws by limiting what athletes can receive while participating in college sports (Harris 1). NCAA Commission chair Condoleezza Rice sees the problem, she addressed it in a telephone interview with USA Today stating, ?We believe that students ought to be able to benefit from name, image, and likeness. . . It makes sense for the NCAA to have a legally justifiable framework that works, and currently the framework doesnt work (qtd. in Brennan 1-2). If the framework is broken, fix it; there are plenty of companies, professors, former athletes, etc. that have ideas on how to legally pay student-athletes. Major companies like EA Sports would like to pay the collegiate players for the use of their name, image and likeness, so some form of legal structure needs to be developed to provide this (Solomon 14). To combat legal concerns, Notre Dame athletic director Jack Swarbrick suggests, college sports could manage group licensing for athletes (Solomon 16). This method will provide a fair distribution of the wealth across all players (Solomon 16). With a group-licensing approach, representatives for the players go to the companies to work out a fair deal for the players, which will create an all or nothing deal made with the player and the interested company. These ideas from Jack Swarbrick are created from the fact that students and student-athletes are separated (Solomon 16). If a player also wants other forms of endorsement for their NIL, this will be possible with some conditions. As proposed in the CAP Act as a benefit it would allow student-athletes to . . . engage in commercial acti vities that reflect the athleters public visibility as long as the athleters college sport or institution were not identified (Sack 3). The final way players should get paid is through prize money from all events outside the NCAA. Ideas like the ones mentioned above would allow the NCAA to maintain its non-profit status and allow players to profit financially. Some student-athletes are already profiting financially under NCAA guidelines, some more than others. Take University of Texas swimmer Joseph Schooling, he won Singaporers first gold metal by defeating Michael Phelps and received a huge bonus from his home country of $740,000 (Solomon 1). Some of the most recognizable collegiate football players can hope to pick up a bowl gift worth no more than $550 (Solomon 2). This random allowance does not seem to be relevant when a tennis player can earn $10,000 in prize money. Kyle Parker is not amused by these tennis players earnings because he got a $1.4 million bonus for signing as a professional baseball player and was still the quarterback for Clemson in 2010 (Solomon 2). NCAA players split $60 million awarded to them in a case against EA Sports for using their likeness (Solomon 14). All of these exceptions make it hard to understand what is and is not allowed and becomes more confusing which brings up the question whether the NCAA should just allow the athletes to get paid by outside resources. Tom McMillenrs statistics help support this argument, 79 percent of athletic directors in the NCAArs highest football division support players making money off their name for non-athletic related activities (qtd. in Solomon 13). Policy makers for the NCAA need to specifically clarify and grant permission for student-athletes to be paid for their name, image, likeness and participation in non-collegiate events because it would bring the NCAA regulations up to speed, properly regulated payments are possible, student-athletes have already been paid. The oppositions stance on the debate believes that tuition is a fair compensation, paying students is illegal and the competitive balance in college sports will be compromised. Not only is this defense outdated but can also be rejected by the Olympic model and the legal structure developed above. As Condoleezza rice says, ?Itrs time to clear this up there needs to be some changes to the policies derived from the NCAA to cope with the desires of the players (qtd. in Brennan 2). These wants for payment is very understandable given the facts provided by Knight Commission, In 2015, the 53 public schools from the five major conferences [SEC, Big Ten, ACC, Big 12, Pac-12] paid their football coaching staffs (530 individuals) combined $405.5 million, compared to $179.8 million in scholarships to their football players (4,979 individuals) (Solomon 4). This large gap in ratios makes it easy to agree with Bob Bowlsby prediction; ?that the day will come when players decide not to play in a major college sporting event (qtd. in Solomon 17).