Stress management as an enabler of high performance ( Chapter 7) Essay

Stress management as an enabler of high performance ( Chapter 7) - Essay Example Just what the famous adage quotes, â€Å"Stressed is just desserts spelled backwards†. The effect of stress to a person would depend on how it was looked about and dealt with. This discussion will center in stress management relevant to organizational leaders dealing with insecurities and uncertainties brought about by major changes required in this highly globalized world. According to the book, â€Å"Stress Management as an Enabler of High Performance†, Individuals go through two-stage process when faced with a potentially stressful situation. First, is primary appraisal wherein they assess the relevance, significance and implications of the event. Second, is seconday appraisal when they assess what if anything can be done about the situation and their ability to cope. Kriegal and Kriegal (1984) identified a combination of skills and attitudes needed by leaders to attain high performance under any external pressure. These are: confidence, commitment, and control. First, the individual must believe first in his capacity as a person. Then, he needs to put his heart into what he is doing and as much as possible, enjoy the task. Lastly, focus on the factors that is within his control and use it to his benefit. These factors are interrelated and if done properly, would have a synergy effect towards a positive end goal. In the same book, â€Å"Stress Management as an Enabler of High Performance†, three ‘worlds’ was discussed. These ‘worlds’ could used to analyze why a certain individual reacted positively or negatively into stress. First is the inner ‘world’ that deals with the thoughts and feelings of the person. This is about how he sees himself ‘internally’. Second is the outer ‘world’ which is basically how the person sees and projects himself and his capacity to the outside world. This deals about how he wanted

Financial Statements Analysis Research Paper Example | Topics and Well Written Essays - 1000 words

Financial Statements Analysis - Research Paper Example Financial ratios enable to understand operating performance and financial condition of the company through profitability ratio, liquidity ratio, activity ratio, financial leverage ratio, and shareholders’ ratio. This assignment conducts a financial ratio analysis of two companies of Airline Industry; they are Lufthansa Airline (LH), and Emirates Airlines (EK). Financial ratios are evaluated using information from the income statement and balance sheet. These two documents are obtained from the websites (â€Å"Lufthansa Annual Report 2013†,n.d; â€Å"The Emirates Group Annual Report 2012-2013†). Financial ratios are evaluated for the years 2012, and 2013. Liquidity ratio measures short-term solvency – the ability of the company to meet its debt obligation. It is expressed through the financial ratios, such as Current ratio (CR) = Current assets / Current liabilities, and Quick ratio (QR) = (Cash + Marketable Securities + Receivables) / Current liabilities. It is expected that a company current assets will be higher than the current liability. The values of current ratios in Table 1 shows that Lufthansa can somehow cover its current obligation while Emirates has about 3 times current assets to cover its current liabilities. The quick ratio values show that LH is less liquid than EK; can only manage to repay less than 50% of its current liability using cash and cash equivalents. The industry average quick ratio is 0.4 (â€Å"Airline Industry†, n.d.); it shows that LH is on the line with the industry while EK is in a better position than most companies in the industry These ratios belong to the efficiency category; it shows how efficiently a company is using its assets. This assignment uses Inventory turnover (IT) = Cost of goods sold (COGS) / Inventory, Fixed asset turnover = Revenue / Fixed assets, Assets turnover = Revenue / Total asset, and Day’s sales outstanding (DSO) = 365 / Receivable turnover = 365 / (Revenue / Receivable) to