Tuesday, November 26, 2019

National Merit Finalist - How to Win the Scholarship

National Merit Finalist - How to Win the Scholarship SAT / ACT Prep Online Guides and Tips Many students take the PSAT in the fall of their junior year. What a lot of students may not notice is the full name of the test is PSAT/NMSQT, or Preliminary SAT/National Merit Scholarship Qualifying Test. Thus, the PSAT is not just good practice for your SATs. It’s also the first step in becoming a National Merit Finalist and hopefully, earning a $2,500 scholarship from the National Merit Scholarship Corporation (NMSC). In this article, we’ll discuss what steps you need to take to become a National Merit Finalist and compete for a scholarship. We'll also give you advice on how to write a strong application and maximize your chances of becoming a National Merit Scholar. Here’s how the numbers break down: Each year, about 1.6 million students take the PSAT. Of the juniors who take the exam, about 16,000 earn scores that qualify them as Semifinalists (that's around 1%). This group is narrowed down to 15,000, who become Finalists. Of this group, about 7,500 are awarded scholarships of $2,500 a year (that can be renewed each year you're in college). This article will explain the three key steps you need to follow to win the National Merit scholarship, from meeting the entry requirements, to scoring well on the PSAT, to submitting a standout application. Step 1: Meet the Entry Requirements The National Merit Scholarship Corporation (NMSC) requires you to have a few qualifications to even be considered for the scholarship: You must be enrolled as a high school student, progressing normally toward graduation. You must plan to enroll full time in college starting the fall following high school graduation. You must be a U.S. citizen or U.S. lawful permanent resident planning to become a U.S. citizen. These requirements will be checked with a few questions at the beginning of the PSAT. Step 2: Score in the Top 1% of the PSAT Becoming a National Merit Finalist is competitive and requires a top score on the PSAT. Although it varies from state to state, most students must score above 1400 (out of 1520) to qualify as a Semifinalist, which means they can compete to move on to Finalist standing. How can you achieve a top 1% score on the PSAT? Prepare with high-quality materials. Identify your weak points and work to improve them. If the Reading section confuses you, spend the majority of your time practicing those sections. If math isn’t your thing, commit yourself to drillingPSAT Math problems.The National Merit competition usesa Selection Index that is based on yourReading, Math, and Writing test scores, so mastering all three sections is key. Take control of your learning and study with practice questions and sample tests. This practice will also pay off later when you take the SATs in the spring of your junior year and fall of senior year. Bonus: Aiming for a National Merit Scholarship? If you're not sure you can self-study your way to a qualifying PSAT score, you'll love our PSAT prep program, PrepScholar. We designed our program to learn your strengths and weaknesses through advanced statistics and customize your prep to be as effective as possible for you. When you start with PrepScholar, you’ll take a diagnostic that will determine your weaknesses in over forty PSAT skills. PrepScholar then creates a study program specifically customized for you. To improve each skill, you’ll take focused lessons dedicated to each skill, with over 20 practice questions per skill. This will train you for your specific area weaknesses, so your time is always spent most effectively to raise your score. We also force you to focus on understanding your mistakes and learning from them. If you make the same mistake over and over again, we'll call you out on it. There’s no other prep system out there that does it this way, which is why we get better score results than any other program on the market. Check it out today with a 5-day free trial: For more info on prepping for the PSAT, check out ourdetailed guide to attaining National Merit Semifinalist status. Step 3: Submit an Excellent Application Complete the NMSC application requirements by fall of your senior year (usually early October). This application allows 15,000 of the 16,000 Semifinalists to move on to Finalist standing. If you don't become a Finalist or don't qualify, you may still get word that you're a Commended Student or remain as a Semifinalist, which are great distinctions that will stand out on college applications. However, only Finalists are eligible for National Merit Scholarship awards. The online NMSC application is the same as your college application in some ways and different in other ways. Similarities You must submit the following: Your academic record (transcript) SAT scores* Information about your activities and leadership roles A personal essay *You have to take the SATs on approved dates, usually in the fall of your senior year, and make sure to send along your score report to NMSC. They need to receive your scores by December 31st of your senior year. While there is no strict cutoff for SAT scores, they must be competitive like your PSAT scores (usually around 1400 or above) so they know your PSAT wasn't a fluke. Differences You must submit the following: A recommendation from your high school principal or someone the principal designates as a school official Information about your school’s curricula and grading system Let's dig into each component to maximize your chance of building a strong application to win the National Merit Scholar title. Academic Record and SAT Scores The National Merit Corporation is first and foremost looking to award academic achievement. There is no strict cutoff, but a competitive GPA (3.5 and above) and high SAT scores (approximately 1400 and above) are recommended. Your academic record should also show that you challenged yourself with honors and AP classes. When you're a high school junior, there isn't much you can do about this, other than continue to excel in your classes. Want to learn more about the SAT but tired of reading blog articles? Then you'll love our free SAT prep livestreams. Designed and led by PrepScholar SAT experts, these live video events are a great resource for students and parents looking to learn more about the SAT and SAT prep. Click on the button below to register for one of our livestreams today! Extracurricular Activities and Community Service The NMC is also looking at the skills and accomplishments shown in your application. Demonstrated leadership goes a long wayfor example, leading in Student Council or other student organizations. Your activities should reveal your passions and interestsit is usually better to show â€Å"depth over breadth.† In other words, get deeply involved in a few activities you’re passionate about rather than showing minor participation in every club, team, and organization your school has to offer. Almost all activities are valuable if they show your commitment, leadership potential, and ability to work with and help others. Recommendations Recommendations go a long way. Cultivate good relationships with your teachers, counselor, and principal and provide a â€Å"brag sheet† for them with the qualities and accomplishments you would like them to include in your recommendation. Your brag sheet may include the following: What six adjectives best describe you? What do you consider your greatest accomplishment(s)? What are your strongest goals for the next five years? What is a meaningful experience you have had during high school? These anecdotes will make writing a lot easier, and they'll thank you for this. Make sure to ask for your recommendation at least three weeks in advance of the deadline, and follow up with your writer to make sure it'll be submitted on time. The earlier you notify them, the more ahead you'll be of your classmates, most of whom will need college application letters. Personal Essay The personal essay adds your voice to your application materials. Your essay is the place where you can share your unique story and perspective and make your application materials come to life. Here is an example of a past National Merit essay question: To help the reviewers get to know you, describe an experience you have had, a person who has influenced you, or an obstacle you have overcome. Explain why this is meaningful to you. Use your own words and limit your response to the space provided. The space allows for about 500 - 600 words. You should focus on two important components of the essay. First, the NMC wants to see that you can express yourself clearly and powerfully through writing. Make sure to proofread, edit, and revise for any spelling errors, grammatical mistakes, or weaknesses in syntax and diction. Second, your essay reveals how you think about yourself, your accomplishments, and your goals. What do your experiences mean to you? What do they reveal about your identity? Spend some time brainstorming before you decide what aspects of your identity are most important to share with the NMC readers. For example, did a group science fair project show you the power of collaboration in making new discoveries? Did a Student Council debate reveal the complexity of perspectives on a single issue? Did Lisa Simpson teach you the importance of sticking to your principles, even if your family may not always agree? The topics are endless, and there is no best answer, but whatever you choose should reveal something significant about who you are. Once you have your first draft, ask a friend, family member, counselor, or English teacher for feedback on what worked and what didn’t. It’s a short essay, so make sure every sentence is there for a reason and important for telling your story. In Conclusion Staying motivated and committing yourself to all these goals will put you in the best position toward becoming a National Merit Finalist. Remember, only 15,000 students ( 1%) are chosen as Finalists, and of those, only about 7,500 students receive scholarships. On a percentage basis, it's even more competitive than getting into the Ivy League, so even with all your hard work, you’ll still need a certain amount of luck! NSMC notifies students if they have become finalists in February of their senior year. Scholarship notifications go out in March. By that time, most of your college applications will be done and submitted. Now you just have to try to relax and wait for the decisions to come! If you complete all the steps mentioned above, you can be confident that you’ve done all you can – now hopefully the National Merit Scholarship Corporation will recognize all your hard work. What's Next? Want more tips on how to get a top PSAT score?Check out our guide on how to get a perfect PSAT score for all the info you need to know. Are you striving for perfection on the SAT?Read our detailed guide by our resident SAT full scorer. Aiming to get intoa top-tier school? Check outour article: What's a good SAT score for the Ivy League? Want to improve your SAT score by 160 points? We have the industry's leading SAT prep program. Built by Harvard grads and SAT full scorers, the program learns your strengths and weaknesses through advanced statistics, then customizes your prep program to you so you get the most effective prep possible. Check out our 5-day free trial today:

Saturday, November 23, 2019

Are You One of These 4 Toxic Workplace Personalities

Are You One of These 4 Toxic Workplace Personalities There are a million ways to screw up at work, and we like to think we avoid most of the obvious pitfalls. But here are a few work types you might not realize you resemble from time to time. 1. The MinimalistYou know who you are. Someone asks you for a status update on a project and you answer, â€Å"I did my part,† without following through. How much longer would it take you to trace that project through the chain and give a more comprehensive answer? To take responsibility for the task, not just your fraction of a task? You won’t be able to do this every time you’re asked, so why not take the initiative when you can and go the extra mile?2. The Negative NellyYou might think you’re an upbeat, positive person. But it’s possible you’re the workplace downer. Do you groan at each new daunting project? Weigh the cons before the pros? Complain about the extra work and hours, rather than get psyched about that new high-profile project? Make sure you keep the glass half full and distinguish yourself as a leader among your colleagues.3. The DisappointmentYou think you’re a hero because you take on so much more than everybody else- but that’s also more than can be reasonably expected. Overcommitting can sometimes lead to underperforming, missed deadlines, monster to-do lists, and disappointment. You certainly don’t want to be guilty of the opposite (never taking extra work on), but if you do step in to pinch hit, remember to make sure you have your stance in order.4. The ShockerYou’ve taken on a bit more than you can chew, and things have been going in a disastrous direction. But you haven’t let your boss in on the details, and as the big presentation rolls around, you have to drop a bomb. If only you’d shared the difficulties as they popped up along the way- your colleagues could have helped out before the situation deteriorated. But you didn’t. And now†¦ disaster.These workp lace traits turn up in every office. There’s always someone guilty of these office faux pas, and- if you aren’t careful- it could be you!Are You a Boss Botherer? Be Sure to Avoid This Workplace Behavior

Thursday, November 21, 2019

Fund Transfer Pricing Essay Example | Topics and Well Written Essays - 500 words

Fund Transfer Pricing - Essay Example A method used to measure the performance and profitability of banks, therefore, should put into consideration the deposits and loans by banks thus considering the net interest. FTP is a management control technique that is used to calculate the true NIL component of profitability of business units, products, portfolios, and customers (Suresh 2010). It is used to calculate the cost of funding assets and credit for funds provided inform of deposits. This is mainly the net interest which is used in the income statement and balance sheet that consists of loans generated on the asset side and funds purchased from transfer funds pool on the liability side. Fund transfer pricing is a method that banks use to internally measure, allocate and assign profit contribution value to funds collected from customer deposit, given out as loans to customers (Singh & Dutta 2013). Therefore, FTP is a component in measuring the profitability of banks since the net interest margins arrived at, as a result, is what contributes to the determination of performance and profitability of banks. FTP reflects perspective market prices, including maturities and repricing characteristics of corresponding assets and liabilities (Greuning & Brajovic 2003). It, therefore, helps the banks to determine the value of their assets in the capital markets and this further helps the banks in their investment decisions that are meant to increase their lending capacity. In addition, FTP places cost of use of capital inherent in the extension of credit to an obligor (Gross, 2006). In this way, it determines the profitability of customers, which helps the banks in making lending decisions. FTP helps to calculate the cost of the portfolio, which helps the bank in making loans and lending decisions (Saita 2007). FTP determines a banking portfolio and transfer prices that apply to loans and deposit collection (Blessis 2014). Determination of portfolio helps banks to determine how much they can lend.

Tuesday, November 19, 2019

Performance Management Essay Example | Topics and Well Written Essays - 750 words - 6

Performance Management - Essay Example sue that affects employee performance is the use of electronic communications especially in an era where social media has found its use in the workplaces. As such, companies us performance appraisals to evaluate their employees to reward the top performers and punish the non-performers. Therefore, the essay discusses the implications of random drug tests for current employees, establishes if it is justifiable to monitor the use of electronic communications and the importance of performance appraisals. Currently, companies are in a bid to implement policies that will allow them to random carry out drug tests on their employees. However, the random drug testing especially on the current employees is a subject to human privacy violation implying that organizations should consider the applicable regulations as well as statutes that protect the employee rights (Wall, 2011). On the other hand, random drug testing should take course under insurance and employment contract requirements to address the drug problem at the workplace. Random drug testing may be justifiable because organizations, through the executive management, have the responsibility to provide safe and healthy work environment. Employees who are on drugs may be a threat to others because they may be prone to mistakes that may result in serious injuries at the workplace. Therefore, random drug testing for the current employees is only justifiable if the employees sign the drug testing policy upon their employment to an org anization because this way, there will be a balance between privacy and safe workplace. In Canada, firing an employee can be quite a nightmare even if the employer believes that the employee is incompetent in the assigned task. The implication is that if the termination of the employee takes place in a wrong manner, the court may compel the organization to pay for damages. However, there are steps that organizations can take to reduce the chances of facing legal suit from the employee.

Sunday, November 17, 2019

Student Veteran Essay Example for Free

Student Veteran Essay No matter who you are, where you’re from, what your job, and how old are you, every single person in the universe has the right to persuade the education as they wish. As the war of Iraq ended and budget cutting for military spending, thousands of newly discharged soldiers are thinking about what to do next. Most of the soldiers, Marines, Airmen, and Sailors joined the military before their 21st birthday, and it’s often the only job they’ve ever held. So, most of them are deciding to go back to school for their education. In the article of â€Å"The veterans are coming! The veterans are coming! † by Edward F. Palm, he states that It is good to know that after the soldiers come from war some of the veterans are ready for a post-secondary education. Palm gives advice to teachers and staff from college and universities on how to treat veterans on campuses. Edward Palm uses personal stories and gives some advice that helps veterans feel confident when they go back to school; also, Palm makes readers believe his credibility by employing pathos and ethos appeal combined with friendly and proud tone that creates and affective argument. After reading â€Å"The veterans are coming! The veterans are coming! †, I agreed  that student veteran in the college is feeling very alone on the campus. We should have treated them with respect and normal like any other students, and college and university should have educated students how to treat with Veteran student. Student veteran in the college can be very autistic. When the service member is discharged from the military, they feel the separation and disorientation with the society. It is because they just spent the last several years inextricably tied to military type of social system, whether it was a brigade, battalion, company, platoon, squad, team, or just one on one with a  battle buddy. During those years, solitude was rare. Now, suddenly they’re no longer attached to those systems, and the feeling of vulnerability can be terrifying. The loss of friendships, purpose, identity, structure, and income is enough to push most people to their limits. Now they are in the college society, which is completely different social system that bears no resemblance to military and command free society. Moreover, student veterans are also older and more experienced than their freshman peers, which helps them keep things in perspective and not sweat the small stuff. They can, and  do, manage huge amounts of pain, both physical and mental, without complaint. But consequently, they also bristle at trivial matters called â€Å"crises† by others, and scorn the frequent self-absorption of their peers. They often see most civilian students as not emotionally strong enough to be their friends. So, they usually isolate themselves in school. Additionally, we need to treat student veterans with respect and normal like any other students on the campus. We need to put a lot of patients to communicate with student veteran. I have a personal experience with the student veteran when I took my chemistry class two years  ago. He is one of my classmates in chemistry class. He is a return solider from Afghanistan, when President Obama ended the Afghanistan war in 2008. He lost the ability of hearing in the war. My first impression of him thought that he is only one the disable students on campus. I can feel he is so shy, fear and low self-esteem around the class because I saw him, he is setting at the corner with his deaf interpreter. I thought his low self-esteem is only coming from his disabilities, but I never anticipated that he is one of the return solider. Then, in the first day of the  chemistry laboratory, we need to choose the group to do all the experiment together for the whole semester. Most of the students have their own group with their friends, but I did not any friends because I am a college freshman. So, I formed a group with him and another college freshman. We really have not talked for a few weeks, even we try to discuss about the experiment because he is too shy around other students and also we cannot communicate orally. So, I found the way to communicate with him by writing, and he started comfortable around the group, and we become a good friend. After a few weeks, he told me that he does not want to do the experiment on the creating flame color and told me he has anxiety on the fire because he saw his battle buddy burn alive to dead in the war. Since then, he has been diagnosed with Post- Traumatic Stress Disorder. So, we discussed on his situation with the professor and made him out of the experiment. It make remember what Palm said â€Å"when it comes to what they did in the war, don’t ask; wait for them to decide if and when they want to tell. The experience of combat is largely ineffable. It  cannot be adequately expressed or shared with people who have not experienced it, and most who have are conflicted about it. If they do choose to share, do not judge. † (Palm 793). I did not ask how he loses his hearing even when we are start talking. But I believe it will not be a happy story behind it. So, I did not ask how about it and even when he told his story I choose not to judge or comment on his tragedy event. Therefore, the student veteran can be really scared and unconfident in the campus because they are really emotionally sensitive about their tragedy that happened in the warzone. But if we treat them normally, patiently and connecting them can effectively ease the social isolation, they will feel very comfortable around other students in the campus. Finally, I think the college and university should acknowledge the students how to communicate with student veteran. I think there are a few questions not to ask the student veteran and not to thank to a student veteran for not knowing their services. The question that we should never ask to student veteran are â€Å"These wars were atrocities and a waste of human life,† â€Å"I don’t get why you’re having so much trouble—you volunteered, right? † And worst of all, â€Å"Did you kill anyone? † These comments do more than upset veterans; they wound the hearts of men and women who are already overburdened with sorrow. Most students cannot image about how the warzone look like. They will very curious and will ask the questions that hurtful to a student veteran. For this reason, I think the college and university should acknowledge students to prevent a student from saying something hurtful and explain how these comments might be hurtful. Then, we should not never thank to the veteran. In the article, Palm stated that  Ã¢â‚¬Å"To thank a veteran you don’t know for his or her service is to put that veteran on the spot. It assumes an ideological and political kinship that may or may not exist. I know it makes me uncomfortable. Keep in mind as well that some will doubt your sincerity, wondering if what you’re really saying is, I’m glad you went so that I [or my son or daughter] didn’t have to go. (Palm 793). By say thank you to student veteran will make them think that you, your son or daughter can living safety in the country because they are going to war for you and your son or daughter. It  will make them feel that they are going to die for you. In conclusion, students veteran on campus are usually isolated themselves with the college society. But if we have enough patient and normal treat as other college peers, and teach other students the way to communicate with them, they will blend to the college society. Work Cited Edward F. Palm. â€Å"The Veterans Are Coming! The Veterans Are Coming! † Everything’s an Argument with Reading. 6th Ed. Andrea A. Lunsford, John J. Ruszkiewicz and Keith Walters. Boston, New York Bedford/ St. Marthin’s 2013. 788-794. Print.

Thursday, November 14, 2019

The Cuban Revolution and the Triumph of Women in Cuba Essay examples --

Fidel Castro and the M-26-7 successfully seized power of Cuba’s government in 1959, after years of fighting. The M-26-7’s nationalist movement was able to knock the corrupt leader, Fulgencio Batista, out of power, and in 1961 Castro deemed the revolution to be officially of a Marxist nature. Throughout his 40-year stay as president, Castro has not allowed his revolution to stall, but rather he has allowed it to progress and adapt as he has seen fit. In relation with Castro’s revolution in Cuba has been another revolution, that of the Cuban women. Castro himself described the changes in women’s public and private lives as "a revolution within a revolution". In a true system of equality, as in the one Castro holds as his ideal, equality reaches all people across all lines whether they are lines of race, class, or gender. Throughout Castro’s campaign, starting in 1953 with the failed Moncada attack, Castro has used historic referenciality to appeal to the Cuban population. Castro’s most often mentioned historical figure is no other than the national hero, Josà © Martà ­. While Martà ­Ã¢â‚¬â„¢s view on women is suspect to debate, his opinion on equality is very clear. Martà ­ once said, "Respect for the freedom and ideas of others, of even the most wretched being, is my fanaticism. When I die, or if I am killed, it will be because of that." The crux of this prophetic quote was borrowed by Castro on a broader level when he attained power and based his entire social structure on equality. Women in pre-revolutionary Cuba Gender differences were enormous in Cuba before the Cuban revolution. The prototypical woman of the old republic according to a leading journalist of the revolution, Mirta Rodrà ­guez Calderà ³n, was Yina the prostitute. A poor wo... ...reignty against the colonizers who exterminated the auctoctonous population, of the interventionists who sought to take up our Island, of the dictators and governments in power under the disgraceful servitude of transnational mandates impoverishing the country. Resolute and brave women patriots engaged in every necessary period of the war for national liberation. When the people took power, women identified the starting revolution, as their own Revolution, which immediately established education and medical care services free for all without distinction, the land and urban reforms, measures of greatly popular benefits made it clear what the revolution intended to do, and therefore they embraced at once, participating intensively in all construction and defense works of the new society that opened its doors with all the rights and opportunities they never had before.

Tuesday, November 12, 2019

Partnerships working in services for children Essay

Understand partnerships working in services for children and young people Task 2 understands the importance of effective communication and information sharing in services for children and young people. 2.1 – Describe why clear and effective communication between partners is required: Clear and effective communication between partners is required because you have to share information about children’s learning and development, this is particularly important because when sharing information it is crucial that there are no mistakes made as this can then affect the information that has been shared and also you must ensure there are no barriers within the communication; also when working with partners effective communication is also needed so everyone can work towards the same aim and to achieve the best outcomes for the child and the children’s family. Another reason why effective communication between partners is required is because all partners need to plan together to meet children’s learning needs and it is important for all the key people to understand each other. Communication involves sharing information with other partners about the child’s interests and di slikes so they can build on. Lastly many children change their setting so it’s important to get the right information across effectively. 2.2 – Identify policies and procedures in the work setting for information sharing: Polices and procedure give clear messages to staff about their roles and responsibilities and set the boundaries within which they are expected to work. It is also important to remember polices and procedures are there to make sure that the best possible practice is maintained and developed to provide the best care and learning environment for the children or young people. Policy and procedures for sharing information: The data Protection Act 1998 which provides a framework to make sure that information is shared appropriately. The Children Act 2004 which sets out clear expectations for information sharing. The Children’s Plan 2007 which includes information sharing exception’s throughout. Every Child Matters. The Early Years Foundation Stage Framework. 2.3- Explain where there maybe conflicts or dilemmas in relation to share information with partners and maintaining confidentiality: If you are being asked to share information with partners but also to maintain confidentiality, conflicts or dilemmas will arise. This can often relate to a matter of safeguarding the children and young people in your care. You should always talk to your manager if you are placed in a situation. Avoid discussing this with other colleagues as much as you may trust them. The best way to disclose information is to: Only share information with relevant people If a child is any kind of danger, information must be shared Children must come first and be communicated with where possible Record all information and actions Always consult with your line manager! 2.4- Describe why it is important to record information clearly, accurately, legibly, and concisely meeting legal requirements: It is important that information is recorded clearly, accurately and concisely and in a way that meets any legal requirements on you or your setting is under. Settings will require different ways to record information like: Observations Assessments Incidents Injury Medical information Concerns about a child Risk assessment Records of meetings Records of conversations There are also different sorts of report. A factual report is a report that gives information like an accident. It should be only written starting with what has actually happened, only facts. When you record information you  have to: Get support from your manager Make notes at meetings so you can write them up later Write clearly with minimal errors Used correct format Keep to the points Store confidentially Do not use children’s names maintain confidentiality Complete as soon as possible Information has to be clear, accurate, legible and concise so that professionals/ parents/carers are able to read and understand what is written clearly, it is a legible requirement for records to be clear and legible. This ensures that any action that needs to be taken is not delayed. 2.5- Identify how communications and records are recorded and securely stored meeting the data protection requirements: There are different ways that communications and records can be made like: Electronic means Memos A communication book A required format, such as incident form These should be stored in a secure place like a computer with a password on it, or in a locked cupboard. Only necessary people should have access to them like staff dealing with medication information to have access to the medical records. 2.6- Explain why and how referrals are made to different agencies: Sometime children may need additional support from outside their setting and its necessary to make a referral. A child can be referred for: A medical condition like hearing impairment A learning need like dyslexia An emotional need, like bereavement or personal loss A physical condition, like brittle bones Multi-agency panels have been set up to support referrals in between settings, usually they: Are made up of different professional Are organised by local authorities Ensure children’s needs are quickly identified Make sure children are referred to the right setting Monitor the provision between settings Ensure that there is a close partnership between settings Include parents in the process The steps for making referrals: Step 1: find out if the child has additional needs by using the CAF checklist. Step 2: discuss the child’s needs using the CAF checklist. Step 3: a decision is made to seek support.

Saturday, November 9, 2019

Chipotle Mexican Grill Essay

I. Key Problem What Steven Ells began with a small taqueria in Denver, Colorado in 1993, one may not have foreseen this venture to become the fastest growing restaurant chain in the last decade. By 2006, Ells’ idea made its initial public offering with 535 restaurants throughout the world. Things were going tremendously well for CMG until late afternoon on October 18, 2012 when Ells finished receiving the company’s third quarter results. While data indicated an overall satisfactory outcome, it was the competition from Yum Brands’ Taco Bell and their recent launch of the Cantina Bell menu that would result in what seemed to be the onset of a major problem. Taco Bell had now become a major competitor to Chipotle since the launch of their new Cantina Bell menu allowing them to enter into the fast-casual segment in offering similar ingredients and items as Chipotle had. At the same time CMG paid a significant amount more for their products forcing them to charge a higher price on their menu items. Taco Bell, however, now offered similar items for half the price. The bottom line: competition was the root of this problem. The fact that Chipotle menu prices were higher as compared to that of Taco Bell’s new menu would lead to consumers or normally loyal customers to give the Cantina Bell menu a try. After the launch of the Cantina Bell menu in the summer of 2012, CMG stock significantly declined just after third quarter results were announced. To add insult to injury, Jeff Einhorn, a hedge fund leader, presented at the Value Investors Conference in New York City proclaiming that CMG was an attractive stock for short-sellers because of the considerable competition from Taco Bell. He further stated, â€Å"23% of Chipotle customers had already tried Taco Bell’s Cantina Bell menu†¦and two-thirds of those customers indicated they would return. What’s more, the customers most likely to return to Taco Bell were also those most likely to eat at Chipotle, a dynamic that indicates to me that Chipotle is most at risk of losing its frequent customers.† This message led to CMG’s stock falling by more than 4% within hours of the conclusion of the presentation. The announcement of projected increases in food costs on the part of CMG also contributed to the competition between them and Taco Bell. While Chipotle stood by its belief that it is â€Å"Food with Integrity† because of better ingredients, the Cantina Bell menu produced something similar while lowering the cost a customer would have to pay for a meal, therefore, causing further competition between the two. II. Relevant Theory By looking at the items offered on the Cantina Bell menu versus those on Chipotle’s menu, I determined that they both have a competitive advantage. Chipotle is a premium product offered at a higher price where it reaches a broader market share that is willing to pay more money. On the other hand, Taco Bell’s main strategic course is cost leadership which enables them to reach a broader market share with a lower price for the desired item. As shown on Example 1 the Competitive Advantage and Economic Value Created are somewhat different between the two companies. Since Chipotle offers a better quality of ingredients, consumers are willing to pay a higher price. As a result, creating a higher Value (V) for a burrito is at the same time creating a greater economic value (Value-Cost.) Meanwhile the economic value created by Taco Bell is smaller since the value of their product is less and consumer’s maximum willingness to pay will be lower. Example 1 Since Yum Brands launching of the new Cantina Bell menu, this new organic ingredient-driven list of selections has been a pretty obvious attempt to compete with fast casual giant Chipotle. This is what has become the major concern for Chipotle where competition is becoming fierce and for practically half the price the Cantina Bell menu is a definite value. However, you do get what you pay for and the overall quality and taste of Chipotle still has a slightly greater edge over Taco Bell. The value someone will be willing to pay for a Taco Bell burrito will be less than the value Chipotle has created with their better quality ingredients, hence creating a greater economic value. III. Assessment of Alternatives How could Chipotle effectively approach their key problem which is Taco Bell’s new Cantina Bell menu? What seems to be the main concern for Chipotle is that Taco Bell is trying to provide a similar product for half the price. Some of the alternatives available to Chipotle to are: †¢ Buy low cost goods to reduce prices using Concentrated Animal Feeding Operations (CAFOs) †¢ Another option could be to offer a smaller burrito for a smaller price, or to include less amounts of meat as Taco Bell does †¢ Continue doing what they do best and differentiate themselves Should Chipotle buy low cost goods to reduce prices using Concentrated Animal Feeding Operations (CAFOs), it would allow them to offer menu items at a lower cost to the consumer providing greater competition between them and Taco Bell’s Cantina Bell menu. However, in doing so would contradict their philosophy of providing the best quality ingredients in their food. In doing so, it will change CMG’s strategy from being a premium product and higher price to a cost leadership strategy and at the same time reducing the value of its product. Another option could be to offer a smaller burrito for a smaller price, or to include less amounts of meat as Taco Bell does in its Cantina Bell menu. This would also allow for cost effectiveness on both the consumer and Chipotle’s side, however, it would go against CMG’s mission statement of being â€Å"Food with Integrity†, lower its value and become a cost leadership strategy as opposed to being a premium product and higher price. A third alternative is for CMG to continue to compete effectively by doing what they already are doing which is differentiation based on quality and sustainability. This approach supports its philosophical message of better food for the consumer and community as well as being environmentally conscious. This allows CMG to maintain its values and remain within their strategy segment. On the contrary, this alternative force Chipotle to increase their menu prices while reducing its consumer surplus. IV. Suggested Course of Action After carefully analyzing the different alternatives, the best course of action is to continue to compete effectively on differentiation based on quality and sustainability given the mounting competitive and sourcing challenges. Even thought Taco Bell’s new menu seems like a significant threat they are far from creating the same value and reputation Chipotle has created since it opened its first restaurant in 1993. Not only does Chipotle provide the freshest and best ingredients with a bold flavor, they are setting themselves apart from any other restaurant chain and main competitor since they continuously are working toward better practices. They continue to push to sustainable sourcing like getting their meat form non Concentrated Animal Feeding Operations (CAFOs) while at the same time contributing to the promotion of good animal health and fighting against animal abuse. In addition, CMG buys products from local farms, builds restaurants to be eco friendly and LEED certified (leadership in Energy and Environmental Design) while trying to keep the cost and price of other items down. As their value statement proclaims, â€Å"Food with Integrity† is a mission of serving good quality food with inputs sourced using sustainable farming practices. Even thought new threats like Taco Bell’s Cantina Bell menu are presenting a challenge there will always be competition. CMG upholds strong beliefs to do what is best for the environment and for its communities in order to provide the best products to its consumers. This is precisely why they have grown so fast from the opening of their first taqueria, to the capital infusion from McDonald’s, to its initial Public offering (IPO.) They have been the fastest growing chain in the last decade and just like any fast growing business, regardless of their success, they will reach a slower growth as they approach maturity. There will still be opportunity for expansion. Chipotle is certainly heading toward a different direction than their competitors making them stand out and become a lot harder to imitate. This alternative is truly the only logical option for Chipotle as it continues to enforce its philosophy of providing â€Å"Food with Integrity.† There will always be competition between companies and products, however, if Chipotle chooses another route for combating this rivalry with Taco Bell, it would not allow itself to differentiate from them. V. Key Takeaways Before reading this case, I knew nothing about Chipotle but after reading it I am quite impressed by the approach CMG has taken choosing to go a different route most companies are afraid of doing because of higher cost prices. I was equally impressed they choose organic products, to buy from local farms, being against massive animal feeding as well as animal cruelty and that they are eco friendly and are looking to make all their restaurants like this. Of course, I should also mention that one knows one will be eating the best ingredients and most fresh available foods. I am confident as the values of this company are brought to the attention of more of the public, Chipotle will reach a bigger market share as the public demand will rise. I would also predict other companies and restaurants will follow similar suit. As mentioned earlier, there will always be competition in business, but a firm must find their differentiation advantage. As individuals become more educated and understand the factor facing the environment people will be willing to make a change and help make a difference.

Thursday, November 7, 2019

The Outsiders2 essays

The Outsiders2 essays In this book analysis, about the book "The Outsiders" by S. E. Hinton I will discuss character and plot development, as well as the setting, the author's style and my opinions about the book. In this part of the analysis I will give some information about the subjects of the book, The author wrote the story when she was just 16 years old, in the 1950s. The book was successful, and it was sold, and still being sold, in many copies as a young adults novel. There was a movie made about it, and today there are still many schools that use this book in junior high and high schools for English classes. There were plays made about the book too. The Outsiders is about a gang. They live in a city in Oklahoma. Ponyboy Curtis, a 14 year old greaser, tells the story. Other characters include Sodapop and Darry, Ponyboy's brothers, Johnny, Dallas, and Two-Bit, that were also gang members and Ponyboy's friends. This story deals with two forms of social classes: the socs, the rich kids, and the greasers, the poor kids. The socs go around looking for trouble and greasers to beat up, and then the greasers are blamed for it, because they are poor and cannot affect the authorities. I hope you would enjoy and learn something about the book from reading this analysis. The plot development in the book, "The Outsiders" by S.E. Hinton, was easy to follow. In this part of the book analysis I will give some more details about the plot development. There were no hooks or hurdles in the beginning of the book, the first sentence starts right away with the plot-without any forewords. This is the beginning of the first sentence: "When I stepped out into the bright sunlight from the darkness of the movie house..." (page 9). As you can see, it goes straight to the point without any prologues or any kind of introduction. The plot development in the middle of the story was sensible and easy to ...

Tuesday, November 5, 2019

How to Maintain Sanity in Your Medical intern Year

How to Maintain Sanity in Your Medical intern Year Going into your intern year, you certainly know you’re in for long days (and nights†¦ and overnights†¦ ) with very little time to yourself.  The key to making the most of your precious free time? Planning. Meticulous, think-ahead, strict and careful planning. It may sound counterintuitive, but you’re going to have to become adept at planning relaxation and self-care well in advance. Sound silly? It’s not. If you don’t think ahead, your precious days off will come and go in an unfulfilling haze.Do you have friends you absolutely want to see this year? Nail down their availability, make dates (no matter how far in advance), and put them in the calendar. Want to spend a whole day catching up on your favorite show? Sounds great–book a huge block as â€Å"busy† and give yourself permission to laze around all day. Do you need to see a handful of doctors for annual exams? Call their offices, make appointments now, and get them down in yo ur planner.Careful organization of your limited days off–even for the fun stuff–will help you soak of every bit of your limited free time and will make you a better doctor. In order to have the mental and physical capability to care for your patients, it’s vital to take care of yourself in mind, body, and spirit.

Sunday, November 3, 2019

Religion, Feminism, and Environmentalism Research Paper - 2

Religion, Feminism, and Environmentalism - Research Paper Example Buddhism holds two concepts for feminism. In the first concept it, says that it’s better for women to take another life to be born as a man. Whereas the other concept says that genders do not matter, it is spirituality that is considered important in Buddhism. Hinduism, on the other hand, deals with ecofeminism as a scared concept. They say that the power of a goddess resides within women, and this gives them an authority over everything. Perhaps this is because there is a connection between nature and feminism that gives them the authority over nature. Christianity too treats women as sacred entities and believes in the fact that there are some similarities between nature and women. Women and nature both are considered to possess the quality of reproduction in all the religions. Ecological feminism can be defined as a concept which unites or merges the movement of nature with the movements of feminism. Eco feminists have tried to portray the importance of feminism to environmentalism (Cheney 179)2. The term ecofeminism was first used by a French writer, Francoise d’Eaubonne in 1984. She used this term for the first time in her bookâ€Å"Le Feminismeou la mort†. Ecological feminism can also be defined as a concept which connects environmentalism with feminism. It can further be elaborated as the ability of the women power to work towards the achievement of balance in the ecological processes. Ecofeminist philosophy finds, analyzes and studies the connection between the behavior that dominate the women and the behavior that can be considered detrimental for the society or the environment. Ortner was the first anthropologist to raise the question of similarities between women and nature. He said that as woman is to man, similarly nature is to culture. He said that there are many similarities between women and nature. The first one, he elaborated was the reproductive function played by both. He further added that as women