Development of the Technology (Tank) From WWI through the Employment in WWII

A tank is a trail armored combat vehicle created to employ enemies face-to-face, via straight fire from a large caliber-gun and supporting fire from machine guns. Heavy armor on top a high extent of mobility confer it survival, as the tracks let it to cross even rough land at high speeds. The name tank first came to pass in British factories making the hulls of the first battle tanks: the workmen were given the notion they were making tracked water containers for the British Army, therefore keeping the assembly of a fighting vehicle secret.The process began in World War I. American tank doctrines from the beginning focused on direct support of the infantry. American Expeditionary Forces (AEF) planners paid little attention to futuristic ideas such as those of British Colonel J. F. C. Fuller for a campaign based on fast tanks in deep-penetration roles. With the end of the war, the embryonic Tank Corps was disbanded. Tank units were assigned to the infantry, whose experts increasingly warned against their excessive use as a potential handicap to the rifleman's â€Å"offensive spirit. â€Å"In 1921 the Army possessed about 1,000 copies of the light French Renault FT-17, and 100 or so British Mark VIII heavy tanks assembled at Rock Island Arsenal from parts made for a projected Anglo-American program that died with the Armistice. What the infantry wanted was a light tank of about 6 tons that could be transported on Army trucks and a medium tank of 15 tons, the weight limit of average highway and pontoon bridges. What it got by 1930 were a dozen or so prototypes of various kinds, all too far from meeting branch specifications to be considered for even limited production. Branch rivalry proved less intense than expected.While the cavalry stressed the importance of speed and range, in-house organs such as Infantry Journal published an increasing number of articles emphasizing the potential of tanks for independent missions, as well as in the branch-specific roles of leading and accompanying infantry. There was, however, simply not enough money to pursue separate design tracks of close support and long-range exploitation. Could one vehicle possibly perform both tasks? A potential solution emerged when the fast tank so often discussed in armor circles became reality in the designs of independent inventor J.Walter Christie. The few Christies actually purchased were divided between infantry and cavalry and earned mixed reviews. Their influence was nevertheless perceptible in the M2 light tank and its near sister the M1 combat car. More than 100 of these 7. 5-ton vehicles were acquired in the mid-1930s. The M1 carried only two . 30-caliber machine guns in a rotating turret; the M2 had the same armament in two fixed turrets–a characteristic that promptly earned it the nickname â€Å"Mae West† in honor of the buxom film siren.But the vehicles' reliability made them welcome in the infantry's tank battalions, and the cavalry found its new combat cars an answer to a branch's prayer. In 1932 a mechanized cavalry brigade was authorized for Fort Knox. When the dust raised by advocates of the horse settled, the new force emerged as cavalry yellow through and through. Its missions were defined in traditional cavalry terms: reconnaissance, pursuit and exploitation.Its limited maneuver experience generated little serious discussion of a U. S.  counterpart to the Panzerwaffe emerging in Adolph Hitler's Germany. As late as 1938 both infantry and cavalry remained committed to mobility and reliability, rather than armor and armament, as the fundamental desiderata for tank development. Neither the U. S. government nor the U. S. Army had any reason to believe substantial American forces would be deployed overseas in a high-tech, high-risk environment. Should such an expedition be necessary, shipping space would be at a premium, as would maintenance facilities on arrival.Even medium-weight tanks seemed a correspondingly risky in vestment. The same criteria applied in reverse to any possible invasion of the United States. No enemy in the Western Hemisphere had any tanks to speak of. Armored forces deployed from Europe were hardly likely to reach North America in strength. The United States, moreover, had nothing like the production facilities to introduce new tank designs on any scale. The government arsenal at Rock Island, Ill. , had been responsible for building the small numbers of light tanks authorized under various 1930s programs.Rock Island specialized in artillery. It lacked the room for large tank production lines except by converting from another vital need: guns. Instead, the Army proposed to increase its tank inventory by following plans developed in the 1920s–contracting tank construction to heavy engineering firms, locomotive factories and similar institutions with facilities and experience in heavy assembly work. The emerging doctrines of the new armored force combined domestic heritage and evaluation of foreign experience.Tanks were projected for use in masses, by divisions and in entire corps–as instruments of exploitation, as opposed to breakthrough. More important for operational considerations, both the M3 and its designated successor mounted main guns whose armor-piercing capacity ran a distant second to their ability to fire high-explosive shells. That fact reflected armored force doctrine emphasizing the medium tank's supporting mission. Production factors played a role as well. The projected mediums were complex, incorporating a substantial spectrum of new technologies.Firms were receiving contracts despite the fact that few in their work forces or on their technical staffs had even seen a tank, much less knew how to build one. Even a major company like Chrysler had to construct production facilities. The outstanding successes of those novices–Chrysler was able to deliver the first M3s less than a year after submitting its initial bid œwed not a little to the fact that in those early stages of industrial mobilization the best was not allowed to become the enemy of the good.The first Shermans rolled off newly constructed production lines in 1942 at the Lima Locomotive Works, the Pressed Steel Car Company and the Pacific Car and Foundry Company. By 1943 the Baldwin Locomotive Works, the American Locomotive Company and the Pullman Standard Car Company also were contributing to increasingly impressive production totals. The U. S. armored force had, however, another ace in the hole. None of Europe's armies intended to pit tanks against tanks as a matter of course. The favored counter was the antitank gun.High-velocity weapons, usually 37-50mm, with low silhouettes, shields for their crews and motor traction, they were intended to move quickly to threatened points, in company or battalion strength, and knock out tanks as they came into range. Antitank guns were cost-effective compared to tanks–so easy to mass pr oduce and so simple to operate they might well be considered expendable, and often were. The U. S. Army had added an entirely new version of the weapon to its order of battle. In 1940 the War Department accepted the position of General Andrew D.Bruce that attacking tanks were best countered not by mere battalions but by entire groups and brigades of high-velocity guns on self-propelled carriages. Bruce's long-term concept involved putting a modern 3-inch gun on a modified Sherman chassis. To emphasize their mission of seek, strike and destroy, the new units were called tank destroyers, or TDs. They received their own training center and what amounted to status as a separate arm that at peak strength had more than 100 battalions.The Army fielded no fewer than 15 armored divisions and 37 independent tank battalions in northern Europe. By D-Day, however, only a single armored division deployed in the theater had seen any action at all, and then only briefly. Inexperience, inadequate tr aining and problems of sharing experience, particularly among the constantly transferred independent battalions, took precedence over questions of materiel. For infantry support, machine guns were usually the tank's most important weapon, just as they had been in 1918.Armored divisions in the European Theater of Operations (ETO) were usually distributed among Army corps in a ratio of 1-to-2 or 1-to-3 infantry divisions, and in practice would perform much the same roles as their footslogging partners. The Army's new armored field manual, published in January 1944, neither suggested nor implied a need for new tanks in what was clearly a more modest role than originally envisaged. The question was not whether U. S. factories could retool to manufacture either the M6 or the T20. It was whether a changeover, or even an adjustment, represented the best use of material and technical resources.The M4 was not an optimal armored vehicle. The United States' factories could, however, produce it in numbers enough not only for American forces but also for the British, the Free French and, not least, the USSR, whose Lend-Lease Shermans formed a significant element of the Red Army's armored forces for much of the war. Two Shermans could be embarked for one M6–no bagatelle given the massive demands on Allied shipping in 1942 and 1943. The new M18 Hellcat, introduced in late 1943, could make the incredible top speed of 55 miles per hour, but had nearly no protection and carried the same 76mm gun that encumbered the Sherman.It was possible to maneuver, seeking more vulnerable sides and rears. There were enough German tanks in Normandy, however, relative to the space involved to provide higher and more consistent levels of mutual support than had been common in North Africa and Italy. American crew losses mounted, and crew morale declined. Omar Bradley and then Dwight Eisenhower were sufficiently disconcerted that the supreme commander contacted U. S. Army Chief of Staff G eorge Marshall, demanding that tanks and tank destroyers with 90mm guns be made available as soon as possible. The development of a tank with a 90mm gun followed a more tortuous path.The Ordnance Department had recommended as early as May 1943 that pilot models in the T20 series be tested not only with a heavier gun, but with thicker armor and wider treads than either the M4 or the T20 designs. The T20 series had been conceived as a medium tank. In that version, it offered no significant advantages over the Sherman. The 90mm configurations, the T25 and the T26, amounted to introducing a heavy tank through the back door. Weighing more than 45 tons, with 4. 5 inches of frontal armor, on paper at least they bode fair to compete with, if not match, the German Panthers and Tigers.Work on the new design did not receive high priority. Not until May 1944 was the original order of 50 completed. The first M26, chosen over the T25 for its greater reliability, was not standardized until March 1 945. It was not light tanks that were wanted for the close-gripped fighting of the northern Europe campaign. Even during the post-Operation Cobra days of breakout and pursuit in the summer of 1944, the Shermans' maneuverability and high rate of fire were at best stopgaps against German tanks and assault guns whose armor and firepower were ideally suited to the conditions of a fighting withdrawal.To speak of the failure of U. S. tank policy in World War II is nevertheless a crass overstatement, even if failure is defined in the narrow terms of tank versus tank. Interwar and early-war concepts favoring mobility and reliability, regarding tanks as best suited for exploitation rather than breakthrough and incorporating a counter to mass armor attacks, fitted both the United States' military requirements and most of the then-relevant European experience.The Sherman, its light tank stablemates and the tank destroyers supporting them were developed to fit parameters of doctrine and experie nce. They were also manufactured on a scale and at a pace no other power could hope to match. That process took time even once a doctrinal base existed: that is to say when the users had reasonably clear ideas of what they wanted. The Army's history of tank design and production possibilities reflects the strong elements of improvisation in the U. S. war effort.The German and Soviet doctrines and technologies against which American models are so often compared were products of processes begun in 1919. By 1939 the Wehrmacht and the Red Army both had tank inventories in the thousands. U. S. tanks were counted in three figures well after Pearl Harbor. Commanders, crews and tactics had to be introduced by forced draft, in hopes of high learning curves that were by no means always forthcoming. It made corresponding sense to standardize comprehensively, rather than keep tinkering with systems in search of an optimum.Not until early 1943 did American armor doctrine and equipment have even a limited base of direct experience–which by no means pointed in a single direction. Tunisia, Sicily and Italy offered limited opportunities for using armor on a large scale in exploitation roles. Northwest Europe seemed a different proposition. Force-to-space ratios in that theater were expected to allow the Shermans to maneuver as their design intended–if not quite on the scales envisioned in 1940–once the infantry and its supporting arms had broken German resistance.However, even if the Army and its tankers had been generally convinced by mid- 1943 of the absolute necessity to alter not merely priorities but attitudes and doctrines, bigger guns and heavier armor on new chassis were unlikely to have been in unit strength by D-Day in any number. The German Panther offers a useful benchmark. It was developed in response to the obvious challenge of the superb Soviet T-34 medium tank and the heavy Klimenti Voroshilov. It received as clear a priority as was possibl e in the convoluted administrative structure of the Third Reich.Yet it was 18 months before the first Panthers saw action, and another 10 before the tank was considered satisfactory. Even then Panthers continued to suffer serious problems with engines, suspensions and turret mechanisms. The M26, another wartime design, took a bit over a year to reach operational status, and its bugs were being discovered as late as the Korean War. In terms of doctrine, equipment and mentality, the American armored force of World War II was optimized to win and to defeat Operation Barbarossa.Until the war's final 10 months, its shortcomings nevertheless involved acceptable tradeoffs. Even after D-Day, deficiencies in American armor did not involve the kind of crisis the Germans faced in late 1941 on the Russian Front, when they found themselves drastically overmatched in both numbers and quality. Artillery and fighter-bombers, the superior training and improvisational skill of American tankers, and o verwhelming material imbalances in all categories of armored vehicles combined to maintain a pattern of being good enough. No more was needed. No more was done.

Benefits/Oppressions of Culturally Diverse Populations Essay

The history and theories of counseling and psychology have both benefited and oppressed culturally diverse populations. It is common knowledge that the founding fathers of counseling were all white males of the socioeconomic status of middle to upper class. Therefore, the majority of theories are rooted in research and evidence that assists this particular group. However, as the world becomes more and more diverse, the one size fits all counseling theories no longer service the needs of the clients. Therapists must be cognoscente of the populations he or she services and the techniques best suited to fit these needs. As Sue & Sue state, â€Å"If deviations from the majority are considered abnormal, then many ethnic and racial minorities that exhibit strong cultural differences from the majority have to be so classified.† (p. 93). For example take IQ tests, achievement tests, and personality inventories. What is considered normal within one culture may be considered abnormal within another. It has been a long held belief that black males feel as though â€Å"The Man† is out to get them (Sue & Sue, 2013). It has been through various personality assessments that African Americans have been found to be suspicious, mistrustful, and paranoid (Sue & Sue, 2013). However, what was not considered throughout these findings was that African Americans have been discriminated against throughout time and therefore have reason to behave in such ways (Sue & Sue, 2013). In fact, in Grier and Cobbs’ book Black Rage (as cited in Sue & Sue, 2013), it was noted that African Americans had to use a variety of survival techniques in order to survive the racial society in which they lived. In essence what was perceived as abnormal behavior that of suspicion and mistrust, turned into the survival skills needed to protect this particular group from potential harm. The counseling relationship is an ever-revolving process. There is no one set of standards and techniques that can be applied to each and every group. Throughout the years therapists have come to the realization that additional strategies need to be imposed and that not all situations can be viewed and evaluated with the same lens. The clinician must be introspective of his or her own particular world views and adjust his or her practice to meet the needs of the diverse populations he or she serves.

Defining Modernity in America

When I think of modernity I think of change. Modernity is the act of how and why things progress, move forth and new ideas emerge throughout history. It is also the effect of these changes. Such changes can be seen from about 1400 to now. It is these changes that have occurred that allow us to live in a post modern society. Modernity is the act of change throughout history. Religion is constantly changing. This force unifies and separates people. Changes in religion occur for many reasons. Some may see any particular aspect of their religion overlooked and set out to tell people why we should reexamine our beliefs and change the method in which we worship. Martin Luther was on person who had seen how his method of worship should change. Ultimately he established a new form of Christian religion called Lutheranism. This movement and movements similar to his has changed the way some will worship for centuries. Of all the things that bring about new ideas and change discovery has to be perhaps the most influential to change. There are two ways in which discovery is accomplished one is to search for something new and the other is to make findings purely be accident. Both methods of discovery often happen through observation. The finding of Charles Darwin and his observation of finches is one of the most influential and controversial discoveries of our time. If not for his observations science and religion would be very different than they are today. If discovery leads to change then education must as well. Once education was only for the rich and powerful. But as education spread man has changed. Education has helped lead man to towards more knowledge changing how society and the individual thinks, acts, and socializes. This knowledge has allowed man to recreate him/her-self, it has given man the ability to logically act on choice and decide what is write or wrong. Many have said that education is the key. Believe this because imagine how many doors would still be locked without it. Becoming a global civilization is also an important part of our society. This has often been a goal of main stream culture throughout most of history. Through trade we have succeeded. International trade has allowed the world to communicate with each other. It also gives all countries around the world an standard idea of many cultures, who they are, how to interact with these cultures, the value of many resources and product. It also allows us to share ideas, learn, and make friends and unfortunately make enemies with other cultures. Technology has also changed our way and standards of living. It has changed how we live in the world that it has made. First from an agricultural society to an industrial society. What had come from industry is specialization and the standard work day. No longer were farmers the majority of the workers Many didn't work from morning to night, instead getting paid for what they produced people got paid for how long they worked. With this new technology there were such creations as the television, weapons of mass destruction, and eventually the computer. Now we have come from a society that produces things to a society that produces thoughts. Through technology of life styles have changed and will continue to change. Modernity is the process of change through out history. It how and why we as a society change. It is also how and why things progress, discovery effects us, and new ideas are born throughout history. Modernity is why we are effected by these changes. It is also these changes through out history that allow us to live in a post modern society. Modernity is the process and act of change through out history.

Blooming Trinity Essay Research Paper English 1302018October

Blooming Trinity Essay, Research Paper English 1302.018 October 11, 2000 Blooming Three In the verse form? When Lilacs Last In The Dooryard Bloom? vitamin D? , by Walt Whitman, three of import symbols are introduced. These symbols of a star, the lilac, and a bird exhibit Whitman? s transcendental philosophy and service as an allusion to Abraham Lincoln? s life and decease. Whitman? s poesy, through these symbols, opens a window to the predominating societal attitudes, moral beliefs, and cultural temperament of his clip through his allusions to President Lincoln. To understand Whitman? s poesy one must foremost cognize something about the poet himself. Walt Whitman was born on May 31, 1819 in Long Island New York. Whitman disliked the thought of going a carpenter like his male parent and opted to seek his ain luck. The publication of Leafs of Grass, Whitman? s major literary work, was a major turning point in Whitman? s life. ? Before, he was a instructor, pressman, journalist, carpenter, and more. After, no affair what else he did, he was a poet? ( Wiener 14 ) . Whitman? s strong resistance to slavery gave him jobs subsequently on as in life. Langston Hughes relates when he says? [ Whitman ] had been an editor of the Brooklyn Eagle, but was fired at that place in 1948, because he refused to back up Governor Cass of Michigan who advocated the continuance of bondage? ( Wiener 196 ) . Whitman greatly influenced many people of his clip period but besides was influenced by other authors. Russell Blankenship, a professor at the University of Washington, relates this fact when he says that Whitman was? influenced by the august American author and philosopher Ralph Waldo Emerson? ( Wiener 106 ) . Emerson is normally known as a transcendentalist. A transcendentalist is a individual who is? idealistic and optimistic. They believed they could happen replies to whatever they were seeking. All they had to make was larn to read, through their intuition, the external symbols of nature and in terpret them into religious facts? ( Brulatour ) . Whitman? s transcendental philosophy is important in? When Lilacs Last in the Dooryard Bloom? vitamin D? because of the usage of three symbols that serve as an allusion to Abraham Lincoln? s life and decease. President Abraham Lincoln was one of our state? s greatest presidents. Lincoln? s low beginnings and rise to go arguably the most powerful individual in the United States are a great representation of the American thought that anyone can go anything he aspires to be. One of Lincoln? s major parts was his engagement in the Civil War. As commanding officer and head of the Union ground forces, Lincoln had the duty of working with the generals of the brotherhood ground forcess to get the better of the Confederate ground forcess. Lincoln, like Whitman, besides felt that bondage was an abomination and? on January 1, 1863, he issued the Emancipation Proclamation that declared everlastingly free those slaves within the Confederacy. ? ( White House. ) After the Union ground forces won the war, President Lincoln was assassinated while watching a drama in Ford? s Theatre, Washington. The state? s bereavement was displayed as? a crowd of grievers gathered at each railroad station as the funeral train rolled westward toward the Illinois prairie, to Springfield, where Abraham Lincoln was buried. ? ( Groiler ) . Whitman? s verse form, ? When Lilacs Last in the Dooryard Bloom? vitamin D, ? efforts to demo the bereavement of a state every bit good as Whitman? s personal unhappiness. In the verse form? Where Lilacs Last In The Dooryard Bloom? vitamin D? the lilac has generated diverse readings. When I foremost read? Where Lilacs Last In The Dooryard Bloom? vitamin D? I thought of the lilacs as stand foring beauty and love, presumptively for the late president. Yet, with farther reading, I found that there are several other readings. Edwin Miller, a professor of English at New York University and recognized Whitman bookman, interprets the? branchlet as the season O f metempsychosis, the sense of odor ( The? get the hanging olfactory property? ) , twenty-four hours and physical life, love as the recollection of decease ( the lilac as a flowered testimonial on the casket ) ? ( Miller 187 ) . Another reading, by Kenneth Burke, writer of? Policy Made Personal: Whitman? s Verse and Prose? Salient Traits? , provinces? . . . the broken? branchlet? of lilac as the star? dropt in the dark? ; the? aroma strong? of the lilacs? in the dooryard looking an old farm-house, ? the olfactory property of the? corsages? placed upon the coffin, ? ( Miller 188 ) . Both readings by Burke and by Miller indicate that the lilac is most likely representative of the flowers placed on the coffin at Lincoln? s decease. Through the usage of the lilac in the verse form we come to understand that it is a realistic symbol with deeper significance. Whitman? s transcendental philosophy shows itself in the verse form by the usage of the lilac as a representation to Lincoln? s dece ase. Another symbol in? Where Lilacs Last In The Dooryard Bloom? vitamin D? is a bird described as a? lone? , ? grey-brown? thrush. When I foremost read? Where Lilacs Last In The Dooryard Bloom? vitamin D, ? my readings of the bird included the possibility of Lincoln? s spirit, freedom, or even his idiosyncrasy. I thought of the thrush and Lincoln? s idiosyncrasy because Lincoln appeared as a lone person in the bulk of the images I have seen him in. I went back to my readings and found that in Miller? s reading? the bird has been associated with love, insight as cognition of decease, the? idea of mortality? and the poetic procedure itself ( the bird as the? brother? of the supporter ) ? ( Miller 187 ) . Burke takes another point of position when he relates that? the thrush besides has a complex symbolic intent: it is decease, love, poetic procedure, but more. Traditionally the bird is associated with the flight of the psyche after the decease of the organic structure? ( Miller 189 ) . I p articularly admired Burke? s input with the flight of the psyche. I concluded that the thrush in this verse form could be seen as a symbol of President Lincoln? s spirit or psyche and the? warbling vocal? of the thrush as either a bereavement vocal or possibly a vocal observing a great spirit. The last of the three symbols in? Where Lilacs Last In The Dooryard Bloom? vitamin D? is the star. The symbol of the? Western Star? is evidently a direct relation to President Lincoln since Lincoln was from Illinois, which was a western province at that clip. I besides thought of the star as something that was lighting, olympian, or possibly a mention to the American flag. Miller? s reading was that the star? has elicited greater understanding because of its obvious association with the President? s decease, although the symbol has been extended to included decease itself or the Western construct of decease? ( Miller 187 ) . After reading this reading, I besides thought that the star could be a representation of the rhythm of life. The forenoon: relating to birth and childhood ; the twenty-four hours: relating to maturity and old age ; and the starry dark: decease and liquors. Burke states that? the? drooping? star, the broken? branchlet? of lilac, and the supporter? s psyche before the blackwash which? sank? as the star? dropt in the dark? ( Miller 189 ) . The psyche of President Lincoln was non the lone thing that? sank? , both the state? s and Whitman? s lesson were besides unfavourably affected by decease of the President. In? When Lilacs Last in the Dooryard Bloom? vitamin D? Whitman speaks of a? three? . The three is normally recognized as a symbol of the Father, Son, and the Holy Ghost but in? When Lilacs Last in the Dooryard Bloom? vitamin D? the three is one symbol stand foring three more. The symbols of the lilac, the thrush, and the star come together into one three to demo Whitman? s transcendental philosophy and service as an allusion to Abraham Lincoln? s life and decease. 370 Brulatour, Meg. What is American Transcendentalism? 1 Oct. 2000

Criminolgy Essay Example | Topics and Well Written Essays - 1250 words

Criminolgy - Essay Example Drugs alter a person’s behavior. Depending on the user it may cause violence. Sometimes this violence leads to illegal activity. A drug user’s only objective at times is to get money for drugs by any means necessary. Some of the drug related crimes are larceny, armed burglary, assault, motor vehicle theft, robbery, possession or sale of drugs and drunken law violations. Gangs are majorly affiliated with drugs. The National Institute of Justice (NIJ) Arrestee Drug Abuse monitoring program measures drug use among arrestees with positive urine tests for drug use (Office of National Drug Control Policy, 2009). Data is collected voluntarily and anonymously at the time of arrest in jails. Data from males arrested showed that 42.5 to 78.7 percent tested positive for drugs (Office of National Drug Control Policy, 2009). Female who tested positive for drugs ranged from 33.3 to 82.1 percent (Office of National Drug Control Policy, 2009). Males arrested charged with drug possession or sales were among the most likely to test positive for drug use, while female arrestees charged with prostitution, drug possession or sales were among the most likely to show a positive test result In 1997 the U.S. bureau of the census conducted surveys of state and federal prisons. About 22.4 to 32.6 percent of inmates arrested reported being under the influence of drugs at the time of their offense, 20 to 27 percent stated that they committed their crime to obtain money to buy drugs (Gargaro, 1999). The increase in the lethal weapons on the street has also contributed to drug violence. Out of 14,088 homicides in 1998 4.8 percent were drug related accorded to FBI crime stats (Gargaro, 1999). Guns, knives, and other weapons are used in armed robberies, enforcing drug deals, and for respect on the streets. Weapons and drugs are two entities that are found together. Liberals and

Company Valuation Model and Application On Royal Bank of Scotland Plc Essay

Company Valuation Model and Application On Royal Bank of Scotland Plc - Essay Example This dissertation will document comprehensively the current generally accepted concepts and methodologies of company valuation techniques. In addition, it will be my endeavor to propose an integrated model in which the investors can apply data and information and evaluate the company value with a reasonable level of accuracy.This dissertation will document comprehensively the current generally accepted concepts and methodologies of company valuation techniques. In addition, it will be my endeavor to propose an integrated model in which the investors can apply data and information and evaluate the company value with a reasonable level of accuracy.In this dissertation, an effort has been made to address the problems related to the methodology of valuations that have been adopted recently to predict the net worth of companies. The current financial valuation techniques of a company primarily comprise of four methods; †¢ Asset based valuation (that includes tangible and non-tangible assets),  Ã¢â‚¬ ¢ Income based valuation,  Ã¢â‚¬ ¢ Market-based valuation, and  Ã¢â‚¬ ¢ Cash flow based valuation.  All four methods result in different ways of thinking and often in different valuations. The investors normally do not understand which method is more suitable for them to use for making the most informed investment decisions and hence trust the methods that are generally adopted and presented by the rating agencies and performance evaluation agencies operating in the markets.

Why do so many people return to college later in life Essay

Why do so many people return to college later in life - Essay Example The return to school is spurred by a variety of reasons; these include, increasing job security, and new skills to become more competitive in their respective business or career fields; without doubt, earning new academic qualifications opens up a whole new world of opportunities. This essay is aimed at examining, and discussing various reasons that motivate people to go back to school, even after many have already started their career. One of the driving factors behind the school returning wave is the economic meltdown that has resulted in increasing rates of unemployment; it has made it increasingly difficult for those who do not have degrees to get jobs. The unemployment gap is particularly explicit between those with degrees and those without, this situation make the idea of going to college become an increasingly attractive alternative. As a result, many of the high school graduates in the job market realize that the job market is not accommodating for them; thus, they opt to go back to school to get post high school qualifications. ... Employers, at times offer incentives to employees in their staff who that have furthered their education, besides; there are positions that can only be filled by people with special skills or academic qualifications such as masters and other higher educational diplomas (Shih). Indeed, in some organizations no matter how effective one is, absence of a college degree could prevent them from getting a promotion, either way, in most organizations; professionals with advanced degrees are often paid higher salaries than their colleagues. The bureau of labor statistics in the weekly earnings summary reported that a high school diploma holder earns around 621 dollars per week while a bachelor’s degree holder can earn around $1145 each week which is almost doubled the former (Schweitzer). Individuals with masters and doctoral degrees make even more with the averages ranging around $75,000 or more, the gap between the potential of high school diploma holder and a doctorial holder exceed s a million dollars in a lifetime. On the other hand, not all those who return to school, do it for the sake of acquiring promotions of formal employment; indeed there are many entrepreneurs and self-employed individuals who go back; , not of the credentials but for the skills acquired therein. When one starts a new business, they may feel the need to improve their skills in the field so that they are able to manage it better or to save on hiring specialists; furthermore, others get back to school so that they can meet new people in their fields. This is because going back to school avails the opportunity to make new connections and network, both which are vital aspects in