Princess Diana :: Informative

Princess. What does the term really mean? Most people associate it with a fairy-tale life. You have everything you want right at your finger-tips. You are perfectly happy and nothing can go wrong. In reality though, is this true? Lady Diana Spencer was seen as a perfect, flawless princess. But who really was she? What did the title â€Å"Princess† mean to her? Diana secretly struggled with insecurity her entire life, but her determination and compassion shaped the way the world thought of her. Throughout her life Diana displayed a very insecure nature. Psychologists think this was rooted in her childhood (Smith). When she was six, her mom left her family (Smith). After her parent’s high-profile divorce was finalized, she remembered her father’s distant, lonely silences, and her mother’s constant crying (Morton 35). Diana described this as a â€Å"wish-washy and painful experience† (33). Due to these circumstances she felt detached and different from others at a very young age (34). For Diana’s engagement party to the Prince of Wales, she wore a black dress that she thought was â€Å"pretty and smart† (51-52). When Prince Charles saw her, he said with disgust, â€Å"only people in mourning wear black† (170-171). She was destroyed by this comment. She needed people’s constant support and compliments (170). Later in her marriage, her husband’s lack of attention led her to suffer from bulimia and to make several su icide attempts (85-86). Once, when she was attempting to gain Prince Charles’ attention, she took a penknife and cut her chest and thighs (77). Seeing the bloody sight he said, â€Å"You are crying wolf.† This comment added to her negative self-esteem (188). The constant press coverage put her under lots of pressure. â€Å"It warped her sense of who she was through its unrealistic expectations, distortions, exaggerations and outright inventions† (Smith). It made her believe she had to live up to the impossible expectations that were being forced on her (Smith). Diana was easily influenced and very sensitive. She let other people’s views of her and life’s uncontrollable circumstances affect her self-image. Diana showed great determination by following what she believed in. She had a passion for ballet throughout her entire life. When she was at boarding school, she would sneak down to an empty corridor at night and practice for hours on end. Even though she grew too tall to accomplish her dreams of becoming a professional ballerina, she kept dancing throughout her adult years (Morton 125).

How to Do Strategic Analysis of a Company Essay

This article is about how to do strategic analysis of a company. Students get several homework and assignments related to how to do strategic analysis. This would be a good reference for students with their assignment and homework regarding strategic management. Strategic analysis of a company starts with analysis internal and external environment factors having an impact on business. A strategic analysis is also effective to determine opportunities and threats for the business within the market and also their strengths and weaknesses. Company Analysis: The company analysis is the first step to start the strategic analysis. A company analysis contains information related to history, existing environment and present perspective of the company. This analysis explores profile, growth, profitability, and culture that a company has at present time. At the same time, it includes future objectives of a business that are decided in the mission, vision, goals and objectives of the company that a company wants to achieve for long-term growth and sustainability in the industry. This stage helps to determine the strategic perspective of the business and also the relevancy of current strategies. SWOT Analysis: A clear goal and objective inspires to get competitive advantages that a company could obtain by analyzing its internal and external environment. SWOT analysis is an important part of the strategic analysis that contains internal and external environment analysis of the company. Information for strengths and weaknesses of the company determines internal assessment and opportunities and threats external assessment. In this step, analysts should make a proper matrix for internal and external elements that helps to make effective strategic decisions. Industry Analysis: The next step for strategic analysis is to perform industry analysis to determine existing level of competition in the market. This analysis provides a clear description of the industry in which company is operating. Additionally, it also states trends and strategic opportunities for a company within the industry. In this analysis, a company can analyze bargaining power of suppliers and customers, threats from new entrants and substitute of the company and rivalry among the existing companies that helps to make better strategic decisions to achieve competitive advantage. BCG Matrix: BCG matrix is another important element of the strategic analysis that determines portfolio of a business unit. BCG matrix plays an important role to ensure long-term value creation through determining two dimensions namely market share and market growth of the company. BCG matrix helps to understand the strategic mistakes of company and in making strategic for their reduction. It helps to determine the strategic position of the business within the industry. PEST Analysis: PEST analysis is also a useful tool for strategic analysis that provides big picture to understand the external environment in which a company is functioning. It provides several factors that may affect the internal and external environment of the. It helps in determining the strategic factors that should be considered by a firm in its international business environment. Thus, through these tools an organization could do strategic analysis and may frame better strategies.

Adopting a Single Set of International Financial Accounting Standards Free Essay Example, 1750 words

Immense kinds of literature in support of a single set of IAS have termed comparability of information as the hallmark of the accounting models. Li (2010) noted that economic integration across nations had dramatically increased because of globalization thereby the need for an international-based accounting information system. Advocates of IAS argue that comparable information facilitates international transactions and hence lowering exchange costs. Li (2010) added that the adoption of IAS leads to a similarity of value relevance, the extent of earning management and conservatism. On the other hand, information comparability gains should be examined in terms of similarity facet and difference facet. Chua and Taylor (2008) stated that similarity facet of information comparability demonstrates whether organisations undertaking similar economic ventures announces similar results. On the contrary, difference facet shows whether companies undertaking varying economic activities post diss imilar financial figures. While there exist paucity of knowledge on whether IAS improves on both facets of the information comparability, studies by Kim et al. , (2007) showed that IFRS was more inclined towards the improvement of the similarity facet. In their studies, Barth et al. We will write a custom essay sample on Adopting a Single Set of International Financial Accounting Standards or any topic specifically for you Only $17.96 $11.86/pageorder now (2011) noted that IAS in non-American firm resulted in a more effective comparison of value relevance of earnings and equity book value than when they applied local standards of accounting. The existence of comparable accounting earnings from firms is subject to the nature of the accounting standard utilized by a given firm (Li, 2010). The prevalence of IFRS profoundly promotes comparable financial reporting that in turn lead to information transfer. Apparently, firms have been compelled to adopt IAS based on the knowledge that non-comparable information highly undermines the prediction of the value of other firms based on financial announcements. On the contrary, Jeanjean and Stolowy (2008) discredited comparability as one of the core drivers of IAS.