Writing the persuasive essay
Argumentative And Counter Argument Essay Topics
Sunday, August 23, 2020
What women need to know about Universities Free Essays
A lady should increase numerous things from a college degree. Just getting passing evaluations and graduating with a confirmation are not by any means the only advantages of school. Another advantage ought to be simply the advancement of certainty and worth. We will compose a custom exposition test on What ladies need to think about Universities or on the other hand any comparative point just for you Request Now They ought to likewise be presented to a various populace and to convictions that vary from their own. They should shape enduring associations with others from this time in their lives. They have to develop, to change, to develop and to encounter everything school brings to the table. Ladies ought to be energized and bolstered by personnel, not simply instructed as a number. At last, they should increase genuine encounters, not simply ââ¬Å"book learning. â⬠Universities today are not giving satisfactorily to their understudies. SAU is as liable of this as some other school. Very regularly, understudies are permitted to mix into the group. Understudies are not urged to be people. They are again and again decided by somebody elseââ¬â¢s pre-set gauges. They are caused to feel as if they should look a specific way, dress in well known designs, drive the correct autos, and partner with specific individuals just to be acknowledged. Colleges, SAU not barred, despite everything permit sororities, crews, and different associations to incorporate or bar individuals spontaneously. Those lucky enough to be acknowledged look down on the individuals who are most certainly not. Colleges likewise disregard the necessities of whole gatherings of individuals, for example, more seasoned undergrads and workers. Another territory that SAU and different colleges flop in is support for understudies. Guides are regularly too occupied to even think about sitting down and insight understudies. Understudies must arrangement out everything and detect their own inadequacies, at that point attempt to cure circumstances all alone. A last region that needs improvement in all schools is that of planning understudies for this present reality. Again and again, all exercises originate from a book. Resources ought to give understudies veritable life and work circumstances. Increasingly commonsense encounters would support all understudies. There are individuals who move on from school just to secure they despise the positions for which they have been prepared. This may be stayed away from if there had been true encounters. In synopsis, such a large number of todayââ¬â¢s schools and colleges are instructing at the understudies, rather than just showing understudies as individuals. Until these school and colleges perceive that everybody isn't the equivalent, this won't change. They should see that every individual has things to offer, and not anticipate that everybody should fit in with an inflexible arrangement of desires. The world would be a really exhausting spot if everybody were much the same as every other person. Step by step instructions to refer to What ladies need to think about Universities, Essay models What ladies need to think about Universities Free Essays A lady should increase numerous things from a college degree. Just acquiring passing evaluations and graduating with a certificate are by all account not the only advantages of school. Another advantage ought to be simply the improvement of certainty and worth. We will compose a custom article test on What ladies need to think about Universities or then again any comparative point just for you Request Now They ought to likewise be presented to a different populace and to convictions that vary from their own. They should frame enduring associations with others from this time in their lives. They have to develop, to change, to develop and to encounter everything school brings to the table. Ladies ought to be energized and bolstered by workforce, not simply educated as a number. At last, they should increase genuine encounters, not simply ââ¬Å"book learning. â⬠Universities today are not giving satisfactorily to their understudies. SAU is as blameworthy of this as some other school. Very frequently, understudies are permitted to mix into the group. Understudies are not urged to be people. They are time after time decided by somebody elseââ¬â¢s pre-set measures. They are caused to feel as if they should look a specific way, dress in well known designs, drive the correct cars, and partner with specific individuals just to be acknowledged. Colleges, SAU not rejected, despite everything permit sororities, clubs, and different associations to incorporate or prohibit individuals spontaneously. Those lucky enough to be acknowledged look down on the individuals who are definitely not. Colleges likewise neglect the necessities of whole gatherings of individuals, for example, more established undergrads and workers. Another region that SAU and different colleges bomb in is support for understudies. Guides are regularly too occupied to even consider sitting down and insight understudies. Understudies must arrangement out everything and detect their own inadequacies, at that point attempt to cure circumstances all alone. A last region that needs improvement in all schools is that of planning understudies for this present reality. Again and again, all exercises originate from a book. Resources ought to furnish understudies with authentic life and work circumstances. Progressively functional encounters would support all understudies. There are individuals who move on from school just to secure they loathe the positions for which they have been prepared. This may be maintained a strategic distance from if there had been genuine encounters. In rundown, such a large number of todayââ¬â¢s schools and colleges are instructing at the understudies, rather than basically showing understudies as individuals. Until these school and colleges perceive that everybody isn't the equivalent, this won't change. They should see that every individual has things to offer, and not anticipate that everybody should fit in with an unbending arrangement of desires. The world would be a really exhausting spot if everybody were much the same as every other person. The most effective method to refer to What ladies need to think about Universities, Essay models
Friday, August 21, 2020
The Internet Can Be Used For Terrorism
The Internet Can Be Used For Terrorism The web covers an immense number of manners by which it very well may be utilized for psychological oppression, the most widely recognized manner by which fear monger utilize the web, is in reality the utilization we dread least, to be specific the utilization to select, impart and spread purposeful publicity. Digital war, which incorporates, psychological oppressor assaults, for example, hacking into atomic force plants, flight control or even businesss is as a general rule yet to be seen or even evolved by psychological oppressors, anyway it is as yet the side of web fear based oppression that we dread most. The psychological militants utilizing the web can't be effortlessly characterized as one gathering of individuals. John Deutch contends that there are three sorts of fear based oppressors, the first is state supported psychological militants, second is bunches attempting to topple their administration to pick up autonomy lastly Islamic psychological militants who work and have interests in not one sole nation but rather with in an area, which for their situation is prevalently, however not exclusively, the center east.à [1]à The various points and the level of how radical each gathering is, will influence the degree to which various psychological oppressors are eager to utilize the web to accomplish their objective. The online worlds basic availability, negligible limitations and speed to contact immense potential crowds is the reason for why it has gotten so well known for governments, organizations and the general population, including fear mongers, to progressively utilize it for regular undertakings. The opportunity and balance that the web permits, and which vote based nations support, is a twofold edged blade as it permits psychological militants to simply organize and comply with assault these equitable qualities. The web gives a way to fear based oppressors to assault on a progressively level playing field in a digital war, rather than the conventional methods for fighting where the states military prevalence can as a rule rout the psychological oppressors. Be that as it may, getting to and assaulting data on the web can be more enthusiastically in less equitable nations, for example, china where the web is vigorously controlled. Gabriel Weimann says that most psychological militant dest inations underline two issues, the limitations put on opportunity of articulation and the situation of companions who are currently political prisonersâ [2]â . With respect to the main point that psychological militants locales underscore the limitations set on their opportunity, this very thought they are publicizing this worldwide on their destinations to mass crowds is an inconsistency of having their free discourse confined. Besides, in spite of the United States military assaults on Al Qaeda since the war on fear, Al Qaeda has still increased enormous exposure in the west. Regardless of whether this is video tapes of Osama Bin Laden, or messages cautioning of further assaults, it has permitted them the opportunity to spread their message and dread to their adversaries. Weimann proceeds to state however that fear based oppressor destinations quickly develop, alter their organizations, and afterward quickly vanish once more. Sometimes, for example Al Qaedas, areas and substance change nearly dailyâ [3]â . In the event that fear based oppressors opportunity were unhindered, they would not need to do this, along these lines the web is obviously a spot that offers psychological militants tremendous chances, yet not without extraordinary hazard and safeguard. The virtual worlds openings that have been misused the most are the utilization of purposeful publicity and selecting, focusing on chiefly potential supporters and general society of the adversary, Potentials are assaulted with hostile to American propagandaâ [4]â . Before the web, the main outlet the fear based oppressors had was TV, radio and papers, which are all particular, and increasingly careful partially, of what they decide to advance. In a roundabout way nonetheless, the web has really helped psychological oppressors contact crowds through these conventional news sources. Official statements are regularly set on the sites with an end goal to get the associations perspective into the customary media.à [5]à Foreign columnists are really focused on through the web; thusly, the web not just gives an approach to fear based oppressors to arrive at people in general, yet additionally in truth permits them to connect through conventional news sources, which recently was excepti onally uncommon. It permits standard writers to get to and pick whether to advertise their material, which preceding the web would have been extremely difficult to get their message to these columnists. The degree of this ought not be exaggerated however, it might have made it simpler for fear monger gatherings to grab the eye of columnists, yet that in no way, shape or form, is still uncommon, that they will expose their message, at any rate not in the light that the psychological oppressors might want it to be depicted in any case. The web additionally gives an outlet to mental fighting, gathering pledges, co-ordinating assaults and for stowing away encoded manuals and instructionsâ [6]â . There is a lot of proof to help this; the IRA just as other fear based oppressor bunches has gotten numerous gifts on the web. Mental fighting has been submitted by posting decapitations and murder on the web, for example, the homicide of American writer Daniel pearl. Donald Rumsfeld said that an Al Qaeda fear monger manual said it was conceivable to accumulate in any event 80% of all data required about the foe to co-ordinate an assault. Concerning fear based oppressor manuals and guidelines, the psychological militants handbook, rebels cookbook and the Encyclopedia of jihad, which incorporate subtleties of how to run an underground association and execute assaults, can be effectively discovered on the web. Regardless of the web giving an outlet to these utilizations, the vast majority of the working frameworks and project s utilized by these fear mongers are probably going to be American made; which means all things considered, prudent counter measures are now set up by America to forestall an assault against them. Raising money can be handily subdued through the coordinated effort of the legislatures and card organizations, as observed as of late with visa and MasterCards prohibition on gifts to Wikileaks. In spite of the fact that not a fear monger association, a gathering in any case making issues the U.S that they immediately limited. Mental fighting utilizing murder and ruthlessness recordings are seldom on the web for long and for the most part observed by not many on the grounds that they are not effectively accessible, or obviously on the grounds that numerous individuals would prefer not to watch them. The online worlds use for conveying manuals and co-ordinating assaults has demonstrated more diligently to confine however and the development of distributed computing is just blocking this, d istributed computing additionally simultaneously gives another conceivable territory to psychological oppressors to assault, especially businesss utilizing cloud systems. The broad communications has exaggerated the danger of digital fear based oppression and made insufficient attention to the day by day utilizes like enlistment and spreading of purposeful publicity, yet it is not necessarily the case that the digital psychological warfare isn't a danger. John Arquilla says that cyberwar Like war in Clausewitzs see, might be a chameleon. It will be versatile to changing contexts.à [7]à As cyberwar is another idea, comparable to the time of fighting, it is difficult to state yet whether this is the situation. The degree of its utilization is quick showing up however, the capacity to enlist and train as recently referenced just as the capacity to hack adversary frameworks and conceivably cripple them shows that a fight could be begun, completed and won with simply the successful utilization of prevalent programmers. Bad habit chief naval officer Bevrowski stated, We are amidst a transformation in military issues (RMA) not at all like any observed sinc e the Napoleonic Ageâ [8]â . I accept that the improvement of the web and systems is in reality a lot bigger than the Napoleonic age RMA, and yet substantially more controlled. As it were, it is an a lot bigger upset on the grounds that just because it makes a progressively level front line for psychological oppressors who can once in a while contend militarily against states. Cyberwar in principle can cause a considerably progressively dangerous triumph without slaughtering one individual, by exclusively wrecking fundamental adversary systems and frameworks, or only simply feigning that you are fit and ready to do as such. Christopher Joyner accepts that it just needs a foe to assault the US banks and the entire economy would crumble.à [9]à On the other hand it could really forestall what John Arquilla says has been the primary point of fighting since the sixteenth century, wearing down or outright annihilation of the enemyâ [10]â . On the off chance that you figure out how t o get to the enemys systems, yet not assault and rather undermine the foe to give up, at that point this might end the fight without setbacks. The blemish in the danger of cyberwar is that despite the fact that the adversary has adequately been crushed, they have not been debilitated at all and could return and assault rapidly. Americans and different countries compromised by fear based oppressors will probably have better guards set up than forestall this kind of disastrous assault however, constraining and limiting the utilization of web fighting by psychological oppressors. Simultaneously, regardless of states predominant systems and innovation, it is difficult for states to realize how to straightforwardly assault rebel psychological militant gatherings without accidentally assaulting regular citizens; once more, the opportunities for web fighting are restricted. The special case to this would be state supported fear based oppressors, states have clear targets, for example, the military, transportation frameworks or their stock trade, which can all be managed incredible hits to get them to hand over psychological militants and quit supporting them. Customary perspectives on war can be applied to digital war, as Von Clausewitz contends; the safeguarding party consistently has a favorable position over the assaulting powers. This is valid for digital war and is the reason endeavors to effectively battle digital fear mongering are made progressively troublesome. The safeguarding state needs to deliver progressed, costly mechanical strategies to secure the entirety of its data, from its stock trades and social insurance frameworks to its military and atomic frameworks. The aggressor then again just needs to figure out how to get to one of these zones to cause calamitous harm, hence they can invest more energy and cash focussing
Thursday, August 13, 2020
What Narrative Essay Prewritting Template Samples Tells You
<h1>What Narrative Essay Prewritting Template Samples Tells You</h1><p>If you're an English major, you are presumably mindful of the advantages of an account exposition. It's a thought that has been utilized by authors since the hour of Homer and Chaucer. And keeping in mind that this type of composing has been mainstream in numerous English majors for quite a long time, you might not have known about prewriting templates.</p><p></p><p>Prewritting format tests let you demonstrate your original copy to possible abstract specialists and distributers. They can give you the essential data they need before sending you off to an expert author. On the off chance that you do your own exploration and don't utilize prewriting layouts, you could wind up with a composition that isn't considered for distribution, in light of the fact that your topic isn't suitable.</p><p></p><p>In a nutshell, what an abstract specialist or distribu ter needs to see is a decent story. Your account article is like the sort of examination based data that is utilized by abstract operators. They need to know where you found out about your subject and how much time you spent considering your subject. By composing your own original copy and submitting it to an expert essayist, you will gain proficiency with some significant insights concerning the class of your topic.</p><p></p><p>You may have been astounded by the measure of deals for books and short stories. For fiction authors, the best exploration is taken from different scholars who have just done the examination for their book. That implies that you have just discovered the sort of individuals who read your class and what the deals and readership of your kind resemble. Additionally, most specialists and distributers search for work that is short, fascinating, and interesting.</p><p></p><p>When you compose your story from the persp ective of an ace essayist, you give the author a ton of data to work with. They can find your readership and your crowd, which will make your story one of a kind. In the event that you let a writer know how you got some answers concerning your subject, it might transform you and spare you money.</p><p></p><p>Your story can likewise be characterized into sorts. There are conventional epic stories and recorded books. There are the secret and spine chiller stories. Every classification requires its own sort of exploration. Before you start composing your own novel, set aside the effort to discover the crowd for your story and attempt to situate the same number of names, areas, and spots in your story as possible.</p><p></p><p>Finding however many various kinds as could be expected under the circumstances is the way in to the achievement of your story. Composing a story exposition should be an inventive experience, yet it is anything but d ifficult to part from that mode in the event that you don't locate the privilege information.</p>
Monday, August 3, 2020
Mid Century Counterculture Literature Research Paper Topics
<h1>Mid Century Counterculture Literature Research Paper Topics</h1><p>In this article, I will talk about a couple of essential, mid century counter-social writing research paper subjects. The themes are created from past research and furthermore might be founded on your own scholarly advantages. Every one of the points is fascinating and has its own benefits and demerits.</p><p></p><p>The first subject for mid century counter-social writing research paper themes is impact and impacts. This includes understanding the impact of various effects on people. People are liable for their own predetermination. Their decision of which alternatives to take impactsly affects the course of their lives.</p><p></p><p>In these present world occasions, it is significant for those people that are driven by an enthusiastic need to prevail to have the option to channel that need into an endeavor to satisfy their aspiration. In any case, as the significance of feelings in the public arena has expanded, it is getting progressively hard for those people that are driven by the need to prevail to deal with their motivations in a profitable way. In spite of the fact that there is a component of self-centeredness in certain individuals, the reality remains that these individuals will regularly still have the option to satisfy their longing to prevail by utilizing an assortment of strategies.</p><p></p><p>On the other hand, a few people that are driven by their explanation aspiration, which is to better themselves, are in danger of crushing themselves. A large number of these people experience extraordinary strain to perform and may even suffocate in an ocean of adverse feeling. On the off chance that you can offer help to those people that are in the principal class, at that point you will be adding to a domain where singular improvement is supported as opposed to discouraged.</p><p>< ;/p><p>The second subject is understanding and deciphering the inspirations of the pioneers in authority. There is a great deal of subjectivity in administration. All the world heads are not the same. In this manner, it is significant for the individuals who need to find out about initiative to comprehend that they should be cautious during the time spent translation and must take every single imaginable measure to keep away from emotional interpretations.</p><p></p><p>The subjectivity of people inside the administration positions implies that they are commonly more keen on their own lives than they are in the achievement of their association. This can be viewed as a negative, in any case. At the point when the pioneer perceives this and can utilize this perception to further his potential benefit, he can utilize it to assist him with turning into an increasingly effective leader.</p><p></p><p>The third subject is the mental c osmetics of the pioneers and the specific gathering. An individual will typically be comprised of numerous selves. The cosmetics of the gathering that the pioneer leads is probably going to majorly affect the mental cosmetics of the pioneers. In the event that the authority is having issues in managing clashes of character, at that point those pioneers will be less successful.</p><p></p><p>Having the best possible proportions of estimation for pioneers is a vital piece of being a pioneer. In any case, the pioneer can't permit the pioneers to control the proportions of estimation, as this can without much of a stretch lead to the pioneers utilizing unseemly measures to survey the pioneers. Rather, the pioneer ought to consistently inquire as to whether they could give the estimations of measurement.</p>
Tuesday, July 21, 2020
A Guide to Argument Essay Topics
<h1>A Guide to Argument Essay Topics</h1><p>Writing an Argument Essay Topic to give your exploration paper a decent beginning in the most ideal manner conceivable is perhaps the best test. A decent theme for any exploration point ought to be clear, clear and simple to follow. The fundamental reason of a contention paper is to dissect a circumstance or topic.</p><p></p><p>One extraordinary approach to begin with a point is to locate the most famous territories of contention, clarify what you have discovered, how it identifies with your examination, the most significant pieces of your contention, and so forth. At that point you can work through a couple of themes at all time.</p><p></p><p>One of the fundamental standard to recall is that all the extraordinary thoughts originate from great and consistent reasoning. Start by verbally processing, don't simply expect anything in light of the fact that your teacher or compani on let you know so.</p><p></p><p>This is something to be thankful for to know when you are composing and doing explore, it might take some time, however you will get its hang. When you get to the part about your picked contention and afterward the examination, you will have the option to consider numerous helpful thoughts on your own.</p><p></p><p>In certainty, when you ace the study of reasoning your musings out overall, you can really let your mind to thoroughly consider of the container and afterward turn around to the first exploration to additionally refine the theme and create it further. All things considered, in the event that you start with a decent point and make it extraordinary, there will be no compelling reason to refine it later, the subject will be immaculate already.</p><p></p><p>For a model, how about we utilize the theme, 'A', you should begin by expounding on a difficult you face at this mome nt and finding an answer for the issue. Next, you will think of 'B' the issue and move into 'C', and so forth. On the off chance that you do this enough, youwill end up with the watchword 'C' and your Argument Essay Topic.</p><p></p><p>You can expand on the Keywords you use in your exposition, obviously you can make any subject into an Argument Essay Topic, it is up to you. To begin, here are a couple of thoughts to get you started:</p>
Saturday, July 11, 2020
The Top Secret Truth on Good Religious Essay Topics Revealed
<h1> The Top Secret Truth on Good Religious Essay Topics Revealed </h1> <p>Your article may fuse the clarifications for youngster pregnancy and discussion about the ongoing paces of adolescent pregnancy and potential arrangements. Humanism course requires a great deal of perusing. On the other side, if you settled on an extraordinary decision, center around what impacted you to settle on that choice and the manner in which it has transformed you. Strict is among the significant scholastic coursework which understudies ought to attempt to have the option to contend their learning task. </p> <h2> The Argument About Good Religious Essay Topics</h2> <p>Religious article composing is a blend of remarkable capacities and information in this manner most understudies experience hardship. Take magnificent notes and recollect human science is about ideas. Alongside a decent structure, you are going to require a contention, a solid postulation, and soli d research. Our team of expert authors with the pivotal experience and composing abilities is constantly arranged to satisfy your requests and surpass your desires. </p> <p>It's workable for you to rehash your contention, which is a significant regular practice among writers. Certain contradictions can suffer for whole decades! Analyzing either side of the issue can help your perusers structure their own assessments. Another explanation is to see how well understudies contend on special perspectives and exhibit comprehension of the examined subject.</p> <p>The second thing that you should deal with once you pick the title is to keep up at the top of the priority list five sorts of contention claims. MP3 music should be free. In the event that you are sufficiently blessed, you may make a great deal of incredible cash. An inordinate measure of cash is certifiably not something to be thankful for. </p> <p>When it has to do with composing a factious article, the central matter to do is to choose a theme and a contention that you could truly get behind. In the event that you are not sure about which subject to pick for your r eligion paper or you simply do not have the inspiration to form a remarkable paper, you ought to depend your task to our capable scholars. Following are a couple of the exhorted human science paper theme for those understudies that can't pick an extraordinary subject for their task. There are a couple of embodiment article subjects for understudies which you could receive obviously not these will be relevant for your endeavor. </p> <p>You will be alloted a point, or your educator will empower you to choose your own. Alright, presently you have the essentials about how to go for an instructive article theme, we should dive into some astounding thoughts! </p> <h2> The 30-Second Trick for Good Religious Essay Topics </h2> <p>Other individuals point to media and cultural weights. Making ventures are regularly as straightforward as looking for things on the web. Composing organization surveys is a heavenly methods for pulling in more merchants in case you're advancing the results of a system publicizing organization. Composing a thing survey is especially useful in case you're selling partner arrangements. </p> <h2> Good Religious Essay Topics Help!</h2> <p>Contrary to different kinds of expositions, you're endeavoring to persuade your peruser of something. You have to give your perusers enough data all together that they completely observe what you're expounding on. Despite the fact that you can compose on any subject under daylight and no one can prevent your inventive energies from streaming, on the off chance that you intend to sell an item or advance a business, at that point there are a couple of types of articles which will furnish you with better reaction. With the guide of our tips for composing and our fascinating assortment of subjects, you're ensured to have a high evaluation! </p> <p>The Integrated Writing task was made to examine the capacity of understudies to get data, which originated from different sources. At the point when you have a finished framework, you'll have a bit by bit direct that you can follow until you're finished composition. In this way, it's essential to peruse relating organizing guide.</p> <p>Last expressions of exhortation here is that you additionally need to find out about different religions so as to locate a superior dominance of the term religion. There are heaps of things to contend when it has to do with the law. Along these lines, a straightforward way to choose one of numerous religious philosophy article subjects is to focus on your own conclusion about religion and investigate it starting there. This article themes will discuss the philosophical parts of a few unmistakable religions, notwithstanding points that look at the likenesses between the methods of reasoning of particular religions.</p> <p& gt;School ought to happen in the nighttimes. Understudies should be allowed to ask in school. School tests aren't viable. Guardians of menaces should need to pay a fine. </p> <h2>Finding the Best Good Religious Essay Topics </h2> <p>A incredible pugnacious paper will be founded on set up or new research rather than just on your thoughts and emotions. On the off chance that you get the chance to choose your own point, that is magnificent. In this manner, the subject should be begging to be proven wrong! Factious paper themes are so significant since they are debatableand it's essential to consistently be basically thinking about our general surroundings. </p>
Sunday, July 5, 2020
Google Stock Section - Free Essay Example
A top-down approach to stock valuation for Google Stock Section 1: Investment summary I would recommend the buying of Google stock. The companyââ¬â¢s current strategy would probably increase their chances of gaining strategic alliances, and make them a more attractive partner. As other companies see that Google is no longer going head on with partners, they may be more willing to cooperate with Google as well. Especially in developing markets, such strategic partners can offer Google a huge advantage, which will translate to increased value of Googleââ¬â¢s stocks . Section 2: Overview of the company Google inc. s a company that offers a wide range of products and services to online users. The most popular service the company renders is their search engine named Google. The Google search engine uses PageRank, Algortihms, Link Measurement, and Profiling as part of its objective to deliver the most accurate and most relevant results to the searcher. Google also offers a very succe ssful email product called Gmail. Gmail is unique in that it allows the email account holder much more free space (7GB) than the average free email client. In my experience, Gmail is an exceptional email client as it provides many more services than the standard email. Google Maps is another successful application in that it is not just an average web mapping system. This advanced mapping system offers satellite imagery of most urban cities in the US and around the world. It also can be integrated with many mobile phones, which allows for a GPS mapping system directly on the phone. These features allow its users to find information and easily share it to anyone in the world. With the amount of traffic Google receives on a daily basis, Google has to have some kind of strategy to generate its revenue. One of Googleââ¬â¢s main sources of revenue is advertising. In 2007, advertising accounted for 99% of Googleââ¬â¢s revenues. Google implements two main advertising products w hich are AdSense and AdWords. AdWords is Googles flagship advertising product and main source of revenue ($16. 4 billion in 2007). AdWords offers pay-per-click advertising, and site-targeted advertising for both text and banner ads. The AdWords program includes local, national, and international distribution. Section 3: The macroeconomics Google competes to attract and retain relationships with users, advertisers and Google Network members and other content providers in different strategies. Google competes to attract and retain users of its search and communication products and services. Most of the products and services that Google offer to users are free, so they do not compete on price. Instead, they compete in this area on the basis of the relevance and usefulness of their search results and the features, availability and ease of use of their products and services. Google has been an outstanding company in the marketplace ever since its inception and it continues to be and d eliver exceptional service to the global market. The move into public ownership brought about more benefits to its employees as well as present and future shareholders. The founders of Google felt that the standard structure of public ownership might jeopardize the independence and focused objectivity that has been apart of Googles past success. Googles leadership team wanted to preserve this aspect of the organization, so they implemented a corporate structure that is designed to protect Googles ability to introduce and retain its most distinctive characteristics. In 2007 and 2008, cash from Googleââ¬â¢s financing activities totaled $403. million and $87. 6 million (Google Inc. 2009). Cash from financing activities is cash flow that takes place between organizations and stockholders and includes loans from bondholders and other creditors (Financial Education 2007). According to Googleââ¬â¢s numbers, the company is under no risk since the company does not rely solely on out side sources to generate its cash flow. Cash flow from Googleââ¬â¢s investing activities negatively increased in 2008 as it did in 2007. In 2007, the company had net investing activities of ($3. 68) billion and ($5. 32) billion in 2008 (Google Inc. 009) a negative increase of $1. 6 million. Based on Googleââ¬â¢s history and the companyââ¬â¢s ability to generate cash flow, the negative increase in investing activities may be attributed to long-term investments and purchases that will ultimately generate cash flow. In comparing the 2007 and 2008 fiscal year of Google to Yahoo! , it appears that Google still remains Yahooââ¬â¢s top competitor as in past years. Over the past two years, 2007 and 2008, Yahoo! has managed to generate its cash flow from its operations. The companyââ¬â¢s cash flow from financing ctivities of $322. 4 in 2008 million and $1,442 million in 2007 compared to its cash flow from company operations (Yahoo! Inc. 2008) is an indication that Yahoo! is f ollowing the financial pattern of Google and is not depending on it financing activities to generate its cash flow. Business Changes that occurred may have altered the use of cash from one year to the next. The financial statements of Google have showed that the company has had steady growth. Revenue and profits have increased, as well as administrative, research and development expenses. Slight operating expenses have increased from 2007 to 2008. The cash flow statement shows cash from investing activities remained in the negative only greater. Additionally, more taxes were paid in 2008 than in 2007; however, there was no change in net cash. The financial statements of Yahoo! , shows that short-term and long-term investments have drastically increased. The cash flow statement shows that Yahoo! issued or repurchased capital stock. Google and Yahoo! are constantly striving to beat out competitors using innovation and new products and services. Therefore, both companies invest h eavily in research and development. Discussion of Cash Generated in a Sustainable Manner. The use of ratios and trend analysis alerts viewers of Googleââ¬â¢s financial health. Google has maintained its profitability in the double-digit percentiles, although it slightly increased its debt. In order to Improve Cash Flows Keeping track of any cash that flows of any company is important if managers want to achieve financial goals. While the task may require a daily count of receipts, there are several recommendations a company can improve its cash flows. Before any company tries to improve its cash flow, it is important that managers determine how cash flows through the company. Inflows are cash collections added to the companyââ¬â¢s existing cash while cash leaving the company are its outflows (Toolkit Media Group, 2009). Cash flow will improve when companies collect cash owed to them. The longer cash stays uncollected, the less cash the company has to reinvest. Companies can offer incentives such as free specialized services or discounts on products. This move will encourage consumers to pay debts on time and as agreed. The founders of Google wanted to make sure that in the transition process to public ownership it would be difficult for outsiders to take over or influence Google. The corporate structure would make it easier for the management team to follow the long-term innovative approach. The Googles stock was distributed with Class A common stock having one vote per share and the Class B common stock held by the current shareholders has 10 votes per share. The purpose of this structure has left the Google team of Sergey and Page with increasingly significant control over the companys decision and fate, as Google shares change hands. With the completion of the IPO, Brin, Schmidt and Page will control 37. 6% of the voting power of Google, and the executive management team and directors as a group will control 61. 4% of the voting power. This mo ve will give new investors access to full share in Googles long-term economic future. However, they will have little ability to influence its strategic decisions through their voting rights. The move to dual voting structure was considered unusual for technology companies however; it is common among media businesses and has proven to be very successful. The owners of Google believe that a dual class voting structure enables Google, to continue its success as a public company. They have been successful as a private company and they expect this to continue. Investors were concern that this type of voting structure would only be of benefit to Google, but the corporate team made this decision after thoughtful consideration and has confidence that it would be in the best interest of all Googles shareholders. The Google executive team has also expanded the board of directors to three additional members and they are of the view that the team at Google is a world class management team. This team is expected lead the organization forward into the future. The management team has stability and looks forward to retaining its cultural uniqueness while attracting and retaining talented persons that will affect the growth of the organization. The Googles organization thrives on taking the unusual approach to business and in the course of the IPO process demonstrated this once again by taking the an auction approach to distribute their stocks. The risk in this approach was that if there were not enough bidders or if people bid lower the IPO price will be low External and Internal Factor Evaluation The Price/Earnings (P/E) ratio is a companys price-per-share divided by its earnings-per-share. Googleââ¬â¢s P/E Ratio (TTM) is 25. 96 meaning it has a relatively high valuation. The Price to Sales (P/S) Ratio is the stock price (total market cap) / total sales (revenues). Generally, the lower the ratio, the more attractive the investment. As easy as it sounds, price-to- sales provides a useful measure for sizing up stocks. Googleââ¬â¢s P/S Ratio is 5 which is really not so great. Googleââ¬â¢s P/B Ratio is 3. 83, which is greater than the industry and sector. Its competitor Yahoo has a P/B Ratio of 1. 57 which is below the industry standard. And Microsoft, another one of Googleââ¬â¢s competitors, has a P/B Ratio of 4. 43 which is above the industry standard. The Growth Rates in terms of Sales TTM vs. TTM 1 year ago for Google is 31. 35. This is a healthy number in terms of growth; it means that sales have gone up 31. 35% since the same time 1 year ago. The Sales TTM vs. TTM 1 year ago for Yahoo is 3. 43, and for Microsoft is 7. 05. This means that Google has had the most growth in sales within a 1 year TTM than its other two main competitors. I think Google should continue to focus its concentration on current markets and also on its current product development strategies. Google remains in an excellent strategic position. Section 4: The industry Google is doing very well financially compared with other competitors such as Yahoo. The current ratio, quick ratio and total assets turnover ratio of Google is better than other companies or at least at par with those for other competitors. Current ratio: At the end of 2009, Googleââ¬â¢s Current ratio was $8. 77 million and $8. 49 million at the end of 2008 (Google Finance, 2009). In comparison, Yahooââ¬â¢s current ratio was $1,705. 02 million at the end of 2009, and $1. 41 million in 2008. (Richardson, Chris 2007) Quick ratio: The financial statements of both Google and Yahoo! show zero inventories for 2008 and 2007. Therefore, since the only difference in the current ratio and quick ratio is inventories, then the current ratio and the quick ratio are equal in this case. (Richardson, Chris 2007) Total assets turnover ratio: The total assets turnover measures the efficiency of a company and its effectiveness to produce income from reinvestments of dollars back into an organization. In 2008, Google had an estimated total asset turnover of about 69% and in 2009, Google had an estimated total asset turnover of about 59%. For the two-year period combined, Google generated an average of 64% return on its money, which indicates that Google does possess the assets necessary for generating earnings. Moreover, total assets turnover ratio, P/E ratio and book value/share ratio of Google is also better than the other companies. However, Google does have its weakness. As we can see, profit margin on sales of Google is slightly lower compare to the other two. However, Googleââ¬â¢s price/CF ratio is slightly lower than Yahoo, but is significantly lower than Microsoft. Google is aiming at maintaining their position as a leading innovator. Source and Application of Funds Google, in preparation for its IPO listed its shares on the Nasdaq Stock market as they provided details for the unconventional IPO process. Charles Schwab and Co. Inc clients a lso became qualified for the IPO auction. Google chose to offer its shares in an open auction. Googles initial IPO was targeted to raise about $2. 7 billion for the organization. However, the price of the IPO was reduced substantially prior to the auction taking place. Google envisioned that for one year it would allocate stock-based compensation charges for grants to its employees. This figure is expected to be about $377 million. (Google 2006) Into the Future Despite all the challenges Google faced at the beginning of their IPO, they have overcome these challenges and moved forward with the public confidence. Google continues to be a competitive organization. Although there has been a decrease in its stocks in the last year, predictions are that this will not continue. Googles stock is expected to increase, and the company will remain a viable force in the technology industry. Therefore, those investors waiting for a stock-split will have to wait a little longer. Google will continue to move forward to its long-term goal of services that significantly improve the lives of people who make Google their primary search engine. Section 5: The firm Proposed Valuation Model 1. The target price is determined by the Gordon constant dividend growth model 2. Assumptions ?Retained earnings represent the only source of financing ? The Rate of return is constant Cost of equity remains constant and is greater than growth rate ? The company has perpetual life The closing price of Google as at April 15 2010 was $595. 30 the company has market cap of $189. 29 billion. This stock price fairly reflects the firmââ¬â¢s fundamentals. ââ¬Å"Google Inc (GOOG), the Internet search engine said first quarter revenues rose 23% to $6. 78 billion from $5. 51 billion a year ago. Net income in the quarter rose 41% to $2 billion or $6. 06 per diluted share compared to net income of $1. 42 billion or $4. 49 per share last year. Google Inc revenue rose 23% and net income rose 41%. Intuitive Surgical, Inc revenue rose 74. 4% and net income rose 203. 5%. Google Inc, in the last one year traded as high as $629. 51 in January 2010 and as low as $364. 16 in April 2009. â⬠(Mita Yagnik 2010) (1) ROA=Profit margin X Total assets turnover= (Net income/Sales) X (Sales/Total assets) (2) ROE=ROA X Equity multiplier= (Net income/ Total assets) X (Total assets/Common equity). So, ROE=Profit margin X Total assets turnover X Equity multiplier. Projecting the 2010 financial status, if we holding the profit margin and equity multiplier constant as 2009 (profit margin=0. 3, equity multiplier=1. 59). When we pursue a 50% sales increase in 2010, this will provide us a total sale of 12,418,500,000 USD. After the comparison of the companyââ¬â¢s financial ratio analysis to other companies, it can be seen that Google is doing a good job. This can also be seen in the fact that from year 2003 to 2009, Googleââ¬â¢s revenue increased from 1,465 Million to 3,189 Million USD, which increased 117 percent while there was a 277 percent increase in Net Income. Also, revenue increased 625 percent compared with revenue in 2008, while Net Income increased 300 percent. The companyââ¬â¢s current and quick ratios in 2009 are higher relative to its 2008 current and quick ratios. Both ratios are quite high though, which means Google has strong competitive financial position. This valuation model provides the best fit for valuing the firm, as it is quite clear that Googleââ¬â¢s strongest service is its search engine. Besides, all Googleââ¬â¢s services, except for search not being used much, they hardly bring in any revenue. Google is investing in these services though, making them dogs, according to the Boston consultancy matrix. Therefore, Google may be better off eliminating these services, and fully focusing on its search engine. If the company does this, they would be best off using a concentration strategy, and redirecting all resources to the imp roving of the search engine. They could go into horizontal growth, forming strategic alliances with other large websites. Functional strategies must also be changed in order to follow such corporate and business strategies. For example, the research and development department would no longer be able to use its hit and miss strategy. Rather, researchers would have to focus on one specific task. Also, the company would be better of becoming a technological leader, rather than a follower, since that way there would be less risk of being passed by competitors. The only negative effect such a strategy might have is on the culture; it may become less innovative. Because Google would start to cooperate with other websites, the need for any innovation outside of the search engine may become less necessary. If the company thinks a new service may be needed, they could just join forces with another company, rather than creating the new service by themselves. Since Googleââ¬â¢s cultur e relies heavily on innovation, which stimulates employees, the loss of the innovation may make Google a less attractive place to work. However, If Google continues to stimulate innovation, they may be able these innovations to their strategic partners. Works cited Brealey. R. A. , Myers. S. C. , Marcus. A. J. , (2004) How Corporations Issue Securities Fundamentals of Corporate Finance, 4th edition, pp 366-390 Gibbons R. (2007). Googleââ¬â¢s Ghoulish Trick. Retrieved from https://www. fool. com/investing/general/2004/10/27/googles-ghoulish-trick. spx? terms=Google++Trickvstest=search_042607_linkdefaultHistory of Google La Monica, P. R. (2007) Google gets 2. 7 billion IPO. CNNMoney. com. Retrieved from https://money. cnn. com/2004/04/29/technology/google/. La Monica, P. R. , (2007). Google Jumps 18% In Debut. CNNMoney. com Mita Yagnik (2010) Google, Intuitive Surgical Net Rises. DAILY EARNINGS. Retrieved from https://www. ticker. com/? page=daily_earningsstory=Google,%20Intuitive% 20Surgical%20Net%20Risesid=37929 Richardson, Chris. (2007) Google IPO
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