Will the dental college survive or collapse Essay

Will the dental college survive or collapse - Essay Example In one part of the book, when the alpha dog stands in a forest surrounded by tall pine trees, it comes to a moment of truth. His primitive instincts beckon it to the wild. In a similar way, human beings are facing their moment of truth. Standing on the very land that sustains them, they are being faced by a call from earth (McFadden, 2011). In his book, Jared Diamond talks about how the earth is showing signs and warning of a catastrophe in the making. Diamond is of the perspective that environmental degradation is one of the major reasons for the collapse of societies. The annals of history are rife with such examples. They show that successful societies were able to effectively address environmental concerns. Diamond believes that environmental concerns hold equal importance, if not more, than other factors that contribute to the success of a society. Taking care of the environment before it is too late makes the difference between a failed and a successful society. Diamond devised a formula for explaining how societies collapsed: environmental crisis + failure of a society to address = collapse of society (McFadden, 2011). Taking these factors into consideration, this essay will analyze the various attributes of the corporation that I work in- a dental college. The various aspects of the dental college will be evaluated and it will be discusses whether they are contributing to its success or collapse. Profile The dental college under consideration is a proprietary vocational college. A vocational college is defined as an institution where individuals are taught the skills necessary to become a professional in a certain job. Vocational colleges can operate on non-profit basis or can be proprietary. Since the dental college is proprietary, it does not have key affiliations with any of the popular universities of the country. Since it is private, it has a commercial nature and operates for the benefits of the people who own it. Students are charged fees, which is used to run the college. It was established in 1961. Starting from 42 students and with a faculty of 11 teachers, the building was located in the heart of the city. Over the time the college has expanded the education being offered, with programs being provided for postgraduates now. Training is offered to both students who are pursuing doctoral programs and who have completed their doctoral degree. In the past, the college has produced influential dentists that are practicing in various parts of the country. Along with the education being provided to the students, the college also invests in research (Dim & Cricco, 2001). Analyzing the dental college: failing or succeeding? Daniel Wren is of the perspective that management extends beyond military and politics- a concept that was appreciated by the Greeks hundreds of years ago. The Greeks increasingly considered the importance of management in social reform and patterns of social relations (Chiu, 2010). This entails that manageme nt plays an important role in the routine working of businesses. Most, if not all, of the successful organizations in the US are admired and their wide-ranging managerial skills imitated by businesses all over the world. According to Normand (2004), there are two main traits that distinguish these organizations from other struggling businesses in the world. These two traits are the eagerness for the future and the ability to change. Successful corporations look forward to the future and aim to improve things. They also are willing and keen to change in order to achieve their aims. A general rule that guarantees the success of a business is management. Successful corporations have been associated with the use of effective management skills. Management entails the effective supervision and regulation of the

Financial Reporting and Analysis Literature review

Financial Reporting and Analysis - Literature review Example The company should try to increase this net profit in the future as it has fallen below the industry’s operating profit margin of 19%. Return on capital employed is way below the industry average for the company. It is 9.8% in 2009 which is very low. Although it has increased slowly to 10.83% in 2010, it is still way below the industry average of 20%. The company must try to increase this return drastically in the future by decreasing their liabilities. The company’s Return on equity measures the efficiency at generating profits from every unit of shareholder’s equity (BRIGHAM, Eugene F. and Ehrhardt, Michael C., 2010). The company’s Return on equity shows how well a company uses investment funds to generate earnings growth (CORREIA, Carlos et al., 2007). And the company’s Return on equity has increased from 2009-2010 from 5.27%-6.12% which is a very good sign but it is still on the low side. The Company’s return on the asset is neither too high nor too low. It is 8.86% in 2009 and has just increased slightly to 9.89% in 2010. Although, an increase is a good sign but the company must try and further increase this ratio in the ratio by decreasing their asset usage and to increase their net profit even further. Liquidity ratios illustrate the company’s ability to pay off obligations in the short term (CHANDRA, Prasanna, 2008). Current asset ratio and acid-test ratio are observed closely when liquidity is in question. The company is in a fairly good position in both of these parameters. The current ratio of the company has increased drastically from 1.46 in 2009 to 2.73 in 2010. In 2010 it is above the industry average of 2.5 which is a good sign for the company. It shows that a fair amount of assets are available to finance the liabilities of the company and that a company can pay off its short term liabilities quite easily. The Quick