My Final Report for my internship in ExxonMobil Qatar Essay

My Final Report for my internship in ExxonMobil Qatar - Essay Example The company had interest in oil and gas companies including Qatargas Liquefied Gas Company limited and Ras Laffan Liquefied Natural Gas Company Limited. In addition, it is committed to the government’s Qatarization policy, which means that majority of the employees of the company are locals. In partnership with the Qatar Petroleum, ExxonMobil works to promote maximum utilization of the gas resources in Qatar while ensuring that Qatar remains a reputable LNG exporter. The company upholds working business ethics that is a key pillar in the attainment of results. ExxonMobil has a total of ---employees, which includes both low cadre staff as well as senior management. The general manager who is also the president of ExxonMobil Qatar is Mr. Barton Cahir. Exxon Mobil Corporation’s shares as at 4th of August were trading at $ 99.23. In the current state of affairs, ExxonMobil Qatar is among the largest company in Qatar dealing with petroleum and petrochemicals. The mission of the company is to find long-term and sustainable solutions to the energy needs in the world. The company is committed to being the world’s premier petrochemical and Petroleum Company. In addition, the company is committed to promoting technologies that are energy efficient, and maximizing the use of energy. It further develops collaborations that facilitate the LNG projects in Qatar. Further, they have adopted the diversification of gas use while they have engaged in research that is geared towards the realization of solutions to the energy needs in the world. The company has developed partnerships with the state of Qatar as well as the Qatar Petroleum in providing solutions to energy needs. Additionally, the company endeavors to achieve financial success continuously and operating results while ensuring that business conduct is adhered to. With the company’s â€Å"Qatarization† approach to human resource, the company is able to employ a diverse w ork force mainly

Should the Ruler Always Keep His Word Essay Example | Topics and Well Written Essays - 2250 words

Should the Ruler Always Keep His Word - Essay Example It is possible to present power from an unusual perspective. This task was the most relevant to Machiavelli and he managed to open the eyes of his fans and follower and the coming generations on the real essence of power, and on power of the words. In the majority of cases Princes are focused on their own interests. They are selfish and prudent; they do not care about their people at all. Machiavelli has been focused on the relevance of the ruler and the meaning of his word. Further on this paper considers controversial and challenging moments of the statement that a ruler should not keep his word. A word of a ruler Machiavelli inspires readers. They love him for sincerity, unexpected expressions, feelings and emotions. Machiavelli claims: â€Å"One ought not, of course, to call it  virtu  to massacre one’s fellow citizens, to betray one’s friends, to break one’s word, to be without mercy and without religion. By such means one can acquire power but not glor y† (Prince online). Nowadays, the majority of politicians are focused on power. They consider it as an enormous blessing and there is no doubt that even the modern politicians cannot look further than their nose. Machiavelli and his feeling of patriotism, multiplied by a possibility to exist among other politicians and clerk were the main triggers for further developments of his political ideas. Actually, Machiavelli described people as masters and slaves. A former group of people is more powerful and it is appropriate for them to take care about themselves only. Slaves, or common people, in accordance with Machiavelli, are narrow-minded and follow the laws of the ruler, like an obedient herd of ships (Bagley, 1989). Therefore, it is possible to suggest, that Machiavelli wants to describe a dual nature of a human being. There are two origins in the nature of every man: on the one hand, we choose: "What [classical writers] intended to convey, with this story of rulers’ b eing educated by someone who was half beast and half man, was that it is necessary for a ruler to know when to act like an animal and when like a man; and if he relies on just one or the other mode of behavior he cannot hope to survive" (Prince online). This explanation can be correlated with a developed system of people, i.e. Masters and Slaves (Alter, 1999). Masters know how to behave with their slaves; they impose perverted laws on them and they have no doubts that their Slaves would follow all their needs and wants. When it goes about Masters’ words or the ways of behavior, they have sharp minds and can easily choose appropriate strategies and the ways of behavior. A Master uses beasty features, turns into a lion and can easily conquer his enemies. A Master turns into a fox, when he wants to conduct his cunning laws and create traps for his Slaves. On the one hand, it is appropriate for a ruler to choose different strategies of behavior. Otherwise it is impossible to reig n. On the other hand, what can be said about a ruler if he does not keep his word? He can lose respect and trust of his people. Only a feeling of fear can prevent people from real protesting. In this case, the Prince can behave in whatever he wants, because he will get no resistance from people around him. There are many things, which are permitted for the king, but these deeds are forbidden for a slave. Machiavelli claims that there are many sins and every man

Compare the great depression and to the great recession Essay

Compare the great depression and to the great recession - Essay Example After the speculative boom of the 1920’s, Americans invested great amounts in the stock market. However, these were primarily financed through loans and almost two-third of the nominal value of stocks was represented by loans in 1929. Accelerated share prices motivated greater investment as people speculated that share prices would continue to escalate. Consequently, an economic bubble developed and the margin buying meant that investors would incur great losses if the market took a downturn. Similarly, the Great Recession resulted from speculation about mortgages and securities. It was a consequence of providing loans for homeownership to uncredit-worthy people. Mortgage loans were secured with mortgaged securities; so because of margin buying, banks were on the verge of bankruptcy when the market went into recession. Milton Friedman in his book, A Monetary History of the United States advocates that the Great depression was not a consequence of the economic cycles, tariffs o r the Wall Street Crash (Friedman and Schwartz). In fact, what thrust the country into depression was the collapse of banks and financial institutes. Apparently, the same can be said for the Great Recession. More than the actual effects of the Wall Street Crash of 1929, the psychological effects deterred investment in the capital markets. In turn, business security affects job certainty so that is why a decrease in capital investment led to a decrease in consumption. However, the Wall Street Crashes did cause bankruptcies, restriction on credit, failing businesses, rising unemployment, decreased money supply and the like. Likewise, the Great Recession led to a decline in international trade, increased unemployment, and dropping commodity prices. The chain of events from significant federal spending to tax increases only aggravated both the crises. Thus, the leaders targeted the scapegoats such as the Wall Street Bankers for the crises.

Stratejik Financial Management, provide an evaluation of two projects, Essay

Stratejik Financial Management, provide an evaluation of two projects, both with five year expected lives and identical initial outlays of 110,000 - Essay Example A thorough analysis of what a business venture or investment will impart the company is one of the most important steps in sustaining profitability, maximizing company's resources, and accepting or rejecting prospective projects (Brealey et al, 2005). The payback period is regarded and widely used because of its relative simplicity. Managers prefer to use it because it is generally easy to memorize and to use (Peterson and Fabozzi, 2002). However, this technique disregards the additional cash flow which can be recouped from the project as it only focuses on the time when the whole investment will be recovered (Higgins 2005). Since the concern of the payback period is when, it does not really tell a business organization whether an investment is worth pursuing or not. Also, because of the relative view of managers on when the amount of investment should be recovered, there is no definite conclusion if project should be accepted or not. The following tables show the computation of the Net Present Value (NPVs) of the two projects under consideration. Using the expect annual cash flow, the computed NPV for project 1 is $31,740 while it is $34,200 for project 2. If NPV is only the man consideration of the business organization in capital budgeting decision, it is apparent that both of the projects should be accepted. It should be noted that using the NPV method, any project which does not yield zero NPV should be considered and pursued by the business organization. Thus, in the case of the evaluated projects above, both should be considered as they both yield positive values of NPV. 4. Explain the logic behind the NPV approach. Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows (Keown, et al, 2005). The Net Present Value (NPV) analysis is very much different from other capital budgeting techniques like payback period because it takes into account the time value of money. In the computation for total cash flow, it also takes into account the total cash flow from the investment including the depreciation and the tax shield resulting from it. Starting from the expected annual cash flows from the prospective project, managers should assign a specific required rate of return, that is, the rate of return that the companies want to generate from the investment. This is often indicated as an interest rate. For example, if the company's rate of return is 12%, the company will only accept investments which will yield 12% or higher. This method recognizes that the value of dollar today is greater than its expected value tomorrow. Thus, all the cas h flows are discounted according to the required rate of return. After generating the present value of all the expected future cash flows, it then takes the sum of these present values. Logically, if the sum is positive, it means that the project exceeds the required rate of return. In contrast, if the NPV is negative then the project fails to generate the set return. This technique is favored by more economists and managers because it is more realistic. 5. What would happen to NPV if the required rate

MOD (Ministry of Defence) Essay Example | Topics and Well Written Essays - 1500 words

MOD (Ministry of Defence) - Essay Example Moreover, dedicated biometric solutions facilitate to provide smooth secret financial transactions as well as personal data privacy. It has been viewed in the case study that Biometric Identification Verification (BIV) System was the initial UK biometric access control system that was deployed and designed especially for the military users. This particular system was mainly designed in order to deliver a high availability as well as reliable security solution (Business Reporter, 2011). The perception of a role based authentication is typically regarded as a system in which the users possess certain major roles that are allotted to them. The roles can demonstrate the capabilities as well as the limits of making any significant change and access various areas in the technological process (Choukse & Singh, 2011). One of the leading edge approaches to role based authentication is that it is correlated with information security that significantly aids in lessening the complexities of secu rity administration. The other leading edge approach of role based authentication is that it determines the risk exposure from the employees who access efficient Information Technology (IT) system. However, the idea of role based authentication has been currently criticised due to certain problems that have risen in constructing an initial role arrangement as well as owing to its inflexibility in quickly transforming domains (Kuhn, Coyne, & Weil, 2010). Spring Security is regarded as one of the alternative solutions that can be applicable to the context of using biometric solutions. It is principally viewed to be a greatly customisable authentication and a strong access-control framework (Mularien, 2010). Moreover, another alternative that can be pertinent within the background of using biometric solutions is Apache Shiro. This particular alternative has been observed to be an easy as well as a powerful security framework that significantly deals with cryptography, authorisation, se ssion management and authorisation functions (The Apache Software Foundation, 2012). In relation to determine the distinction between the two aforementioned alternatives i.e. Apache Shiro and Spring Security to rule-based authentication mechanism, it has been observed that the aforesaid alternatives are quite easy to learn, manage as well as deploy as compared to role based authentication (The Apache Software Foundation, 2012). Question b Computer security is incessantly becoming a crucial concern for all. In this regard, biometric solutions are playing an imperative part in providing utmost security as well as authenticity by validating the individuality of a person through various media such as fingerprints, facial features and hand geometry among others. Similarly, in this connection, PALM biometrics also plays a decisive role in increasing security along with authenticity by a significant extent. It can be affirmed that this particular system i.e. PALM vein system of biometrics is viewed to be a modern progression in the systems of biometric security (Lee, 2012). PALM biometrics performs its operational functions quite differently as compared to other biometric systems. It generally takes the digitalised image of the veins of the users and evaluates it with the templates that have been stored in a particular

Promoting Creativity for life Using Open-Ended Materials by walter F Essay

Promoting Creativity for life Using Open-Ended Materials by walter F. Drew and Baji Rankin - Essay Example The most vital of the creative arts is the teachers, families and the children who build up inner resources, making it potential, direct and a clear expression. The main aim of indulging in the creative arts is to pass the information, think critically, and have the mutual feeling that bonds the children with their teachers. The thoughts and feelings through locomotion and visual perceptions are elaborated through the procedure of playing and the creative arts that are formed. According to researches, children have spontaneous, creative self-expression which usually intensifies the sense of competence and the behavior that they portray as the mature to the adulthood stage. The passion of creative art formation is usually viewed as a playful behavior, where those involved have the willingness to collapse their daily rules and their effects. Play is based on the mind state, and it brings about the unexpected characters, the unlearned forms of free expression, the generation of association, which represent the distinct value of order and harmony, thus producing the sense of well being (Drew and Rankin 2004). Play and art formation, stimulate the acts of courage and is usually equal to the act of faith that caters for their belief outcomes. These are the actions require and builds resilience, advocacy, outcome and the capability to focus and act according to their intentions even of the outcome is usually renowned; when the children act to endure the uncertainty and the ambiguity that is usually supposed to enable them to pursue their immediate goals. These actions produce great sense of competence to the children, as they grow up to become reliable students. The children extend and deepen their comprehension through various experiences with the different materials used. This strategy is familiar to many early childhood t eachers, and it has been exhibited through the brain research, which implicates the

Leadership Profile of Mohmad Ali Jinah Essay Example | Topics and Well Written Essays - 1000 words

Leadership Profile of Mohmad Ali Jinah - Essay Example Great suggestions proposed by the right being in the wrong situation, or to the immoral audience, or at the badly chosen time are meant to fail. Great leaders are those who employ and focus the appropriate combination of elements on the dot to impact their world in impressive ways. Remarkably, the majority of what we know about leadership derives from the observation of how folks relate to their immediate heads. Nonetheless, probing individual opinions of â€Å"leadership† at the national level is a striking intention (Meigs, 2001, p. 4). On the surface, it may look that leadership behavior, for instance, aligning progressions and procedures may be more effortlessly conceptualized at the national level than personal leadership deeds such as performing with decorum. Albeit leaders may appear and depart, the ways they embark upon tasks and state of affairs and care for people is of the essence. Path-goal theory is founded on the precepts of expectancy tenet which puts forward that subordinates will be forced if they suppose they are competent of completing their mission if they deem their exertions will effect in a positive ending, and if they think that the returns for accomplishing their work are meaningful. Leadership actions are normally classified as: 3. Achievement-oriented: The leader highlights the attainment of complicated tasks and the meaning of admirable performance and concurrently demonstrates buoyancy that subordinates will carry out well. Jinnah helped out subordinates in identifying their targets and simplified their chore. He confiscated barriers from their routes and supplied continuous patronage when the task was shapeless and multipart. He always picked a style of leadership which was best fitted to the subordinates, thus raised the contentment level of his subordinates.