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A Rush to Failure Essay - 1546 Words

MBA 523 A Rush to Failure Case The Canadian Aeronautics Administration (CAA) has commissioned two contracting companies, Hollenbeck Aircraft and Eskina Software Systems, to build a set of giant robotic arms known as Retractable Extended-Arms Compatible Holder, or REACH, for the International Space Station. The REACH project has a deadline of six years. It has been noted that under normal circumstances the project would take around 10 years but there are time constraints due to political pressure in the form of threats to cut funding to the CAA and deadlines for construction on the space station itself. The time constraints have been of the utmost importance to the project. But, while the contractors have maintained the deadlines,†¦show more content†¦Ã¢â‚¬Å"There is absolutely no reason why the contractors shouldn’t be able to give us rapid product development and flawless products—speed and quality both,† said MacDonagle. MacDonagle says this while he is in a frantic state. He is getting ready to give yet another press conference about the $1.2 billion project and is unsure whether or not he will be able to show them any results. The media has been focusing on the project as a disaster because there have been numerous glitches with the software, motors and circuits. While the contractors have achieved getting the arms attached to the space station there is much uncertainty as to whether they will function due to these previous glitches. Due to MacDonagle’s high pressure situation, it is possible that he is overlooking numerous reasons why the contractors may not be able to produce both speed and quality in the project. It has not been completely established if the time frame is actually feasible for the contractors since it is noted that this typically takes 10 years not six. Additionally, the contractors are working in an unorthodox way that is called parallel development for the REACH project. Parallel development means that many of the projects phases were working simultaneously. Sometimes the next step would start before the previous one was even 50% of the way complete. This method helps to speed up the development by reducing bottlenecks in production linesShow MoreRelatedEssay on A History of the California Gold Rush1173 Words   |  5 PagesGold Rush was the significant national event of its time (California Gold Rush: A Look to the Past). This legendary story begins with one man. John Sutter, one of the richest people in the area, moved to California 1839 with the intent on building his own private empire. Sutter welcomed newcomers to the area because he viewed them as subjects for his self-styled kingdom. 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Safeguarding the Welfare of Children and Young People Free Essays

Assignment 008 Safeguarding the welfare of children and young people Task A 1. Identify a current national piece of legislation relevant to safeguarding children and young people’s welfare. United Nations Convention on the rights of a child. We will write a custom essay sample on Safeguarding the Welfare of Children and Young People or any similar topic only for you Order Now 2. Identify two current local policies, procedures or guidance in relation to safeguarding the welfare of children and young people. Child Protection Policy and Health and Safety Policy. 3. Complete the following table with two examples. Agency nameRole of the agency (involved in safeguarding(in own work setting) ————————————————- Children and young people) Children Young People Portfolio Advice and support regarding (social Services) child abuse. _________________________________________________________ Early Intervention Advisory Team Supporting a child’s individual needs and working alongside key workers. 4. Complete the following table. Types of child abuseList 3 characteristics for each ————————————————- Type of child abuse PhysicalBruises in strange places, cuts Burns/scalds ————————————————- EmotionalWithdrawn, stammering/stuttering, acting totally different to normal. ————————————————- SexualItching/pain in gentile area, wetting/soiling themselves, inappropriate play with toys/dolls ————————————————- NeglectDirty, constantly tired, malnourished BullyingWithdrawn, finding excuses not to go to school, asking for money. 5. Complete the following table. ————————————————- Concerns that a colleague isGive a description of the action to take in response. Failing to comply withReport concerns straight away ———————————————— Safeguarding pr oceduresto the manager/designated person. If the colleague is the manager/designated person then the deputy must be informed. Harming, abusing orReport concerns straight away Bullying a child orto the manager/designated Young person. person. If the colleague is the manager/designated person then report to the deputy manager and trustees. 6. Describe the principles and boundaries of confidentiality and when to share information. In many cases the passing of information is routine, relating to the child’s daily care and needs. Other than this all records and information given by the parents is kept locked away and only made available to staff working closely with the child concerned. Information on child protection issues will only be shared with other staff on a need to know basis. This need to know basis refers to outside agencies if they become involved. Parents have the rights to see the records on their children if requested. If parents disclose any confidential information to a member of staff they must be told that the information will be shared with the manager whilst assuring them that it will not be discussed outside the nursery setting. There are no circumstances in which disclosure of child abuse will be kept confidential. Assignment 008 Safeguarding the welfare of children and young people Task B 2. Produce a five point action plan to follow if a child is suffering from any or all of the following sign and symptoms: Severe headache, feeling nauseous, raised temperature, sensitivity to light, raised rash or spots. Actions to take 1. Check temperature 2. Check for rash, spots, photophobia 3. Ring ambulance 4. Ring parents/carer 5. Move to a quiet area away from other children. 3. Complete the following table showing what actions to take in an emergency. Fire In the event of a fire dial 999. The staff will evacuate the children quietly and calmly to the assembly point. The manager/deputy will collect the emergency contact list, visitors register, staff register and mobile phone (if it is safe to do so). The senior person in each room will check that there are no children in the cloak rooms or toilets and ensure windows and doors are closed (if in no immediate danger) and take the register with them. At the assembly point children, staff and visitors are checked against the registers to ensure no one is missing. Never re-enter the building unless you have been cleared to do so by the fire services. Security incident Politely greet the intruder, identify yourself and ask the purpose of their visit. Explain that all visitors must sign in. If the intruder becomes agitated and refuses to leave the building peacefully, try to calm them whilst a colleague calls the police. Children should be moved to a room furthest from the intruder and distracted by staff and will stay there until the police arrive. Explain to the police what has happened so they can deal with the intruder. If the person leaves before the police arrive do not detain them. Remember to log any incidents and review all security measures. Missing children or young person As soon as a child has gone missing the manager must be notified immediately. The remaining children are moved to one room with appropriate number of staff, remaining staff will search the area the child was last seen for a maximum of 5 minutes. Inform the infant school and organise a search of school grounds for 10 minutes with all available staff. After a maximum of 15 minutes the child’s parents/carers and emergency services are contacted. How to cite Safeguarding the Welfare of Children and Young People, Papers Safeguarding the Welfare of Children and Young People Free Essays Identify the current legislation, guidelines, policies and procedures for safeguarding the welfare of children and young people including e-safety. The United Nations Convention on the Rights of the Child 1989 – which ensure that children are safe and looked after, children have the right to be protected from all forms of physical or mental violence, injury or abuse, neglect, negligent treatment, maltreatment or exploitation including sexual abuse by those looking after them. Children act 1989 Parents and professionals must work to ensure the safety of the child. We will write a custom essay sample on Safeguarding the Welfare of Children and Young People or any similar topic only for you Order Now This act includes two important sections : Section 47 states that the local authority has a duty to investigate if they have cause to suspect a child that lives or is found in their area is suffering or likely to suffer significant harm. Section 17 states that services must be put in place by local authority to safeguard the welfare of the children within their area who need it. The Education Act 2002 This sets out the responsibilities of Local Education Authorities (LEAs), Governing bodies, head teachers and all those working in schools to ensure that children are safe and free from harm. Children Act 2004 This provides the legal framework for Every Child Matters. It includes the requirement for: †¢Services to work more closely, forming an integrated service. a common assessment framework to help the early identification of need †¢a shared database of information which is relevant to the safety and welfare of children †¢Earlier support for parents who experiencing problems. Working Together to Safeguard Children 2006 This sets out the duties of organisations and how they must work together to safeguard children and young people. E-safety 2008 The council has produced a strategy to increase the awareness of internet safety. Set out measures to protect children from unsuitable sites and establish codes of practice. How to cite Safeguarding the Welfare of Children and Young People, Papers

Kohler Company free essay sample

Kohler is one of the largest and oldest privately held companies in America. It started by manufacturing plumbing fixtures, famously inventing the first modern bathtub, and soon after began manufacturing small engines and generators. Today the company is also in the furniture and luxury resort business. Most of the company’s shares are held by members of the Kohler family, however 4% of the outstanding stock is owned by outsiders. Herbert Kohler Jr. , the CEO and Chairman of Kohler, would like to do what he can to keep Kohler stock within the Kohler family and its interests. This led to the 1998 recapitalization. In this restructuring of equity, family members and permitted transferees (Kohler Trusts, Kohler Foundations, ect. ) were given the option to exchange their stock for several different classes of stock, such as common stock, non voting stock, Series A and Series B. The shareholders not classified as a permitted transferee would either have to sell their shares for what an independent firm determines fair market value, or dissent and allow fair market value to be determined by a legal proceeding. We will write a custom essay sample on Kohler Company or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The fair market price offered by Kohler in 1998 was $55,400. Kohler’s stock recently fetched between $100,000 to $135,000 and the two largest outside shareholders recently bought a combined 93 shares right around $100,000. So Gen, a mutual fund and largest outside shareholder, believed market value per share could be $400,000. Because of this discrepancy in price; outside shareholders decided to file suit against Kohler claiming the price of $55,400 undervalued the stock and was not fair market value. It is now April 2000 and Herbert Kohler Jr. must decide whether to settle with the plaintiffs or go to trail in 2 days. It was very possible that the court would determine fair market value to be much higher than price offered. Herbert also must consider that the IRS will use a court determined share price to determine the tax liability of Herbert’s deceased brother’s estate. The share price will also affect the way the Kohler Foundation could operate, since by law it must annually pledge %5 of its assets, which is mostly Kohler stock. Analysis: Much of the share price was driven by the speculation that Kohler might soon go public. Herbert thought this was the primary reason the shares were extremely overvalued. However, the assumption of a future IPO was inaccurate. One of the core values and strengths of Kohler is the private classification of equity. Kohler considers it a competitive advantage to not have to disclose its financial position to the public. Not only does it give away proprietary information to competitors, but public reporting also affects the way a company can make decisions. Kohler feels that many of the business decisions that made Kohler a success, such as investing in cast iron production at a time when the industry was moving away from it, would not have been possible if they were accountable to pubic shareholders. Without the possibility of an IPO a lower share price than what share prices recently traded for was could be justified. However, Herbert must also consider the effects of having the valuation be determined in court. The first drawback to this is how costly legal proceedings are. On top of lawyer fees and court costs, it could be very expensive to reconcile and audit all financial documents as well as pay for expert opinions concerning the valuation. Since there is no standard or correct metric to value a company, there is increased risk as to how the court will value the company. If Kohler decides to continue with the trial they are leaving themselves, the Kohler Foundation, and the Kohler estate open to a lot of uncontrollable risk. Recommendation: I recommend Kohler offer to settle with the plaintiffs at $140,000. Kohler should settle outside of court to mitigate the risk and cost associated with the trial. While the price is not ideal, settling outside of court allows Kohler to control the price at a manageable level. This will be the best way to hedge against risk and lookout for the interests of Kohler, the Family, and its charities. In order to settle Kohler must offer a price of $140,000 to give the mutual funds the return on investment they desire. Since the purpose of mutual fund is to create value for their investors, they are probably more than willing to take the matter to court if they feel they are not receiving a fair return. The per share price of $140,000 will give the mutual funds roughly a 20% return on investment which should be enough for them to consider the offer favorable.