Sex, Prostitution, And The Production Of Sex Toys Essay

Sex work, consisting of prostitution and the production of sex toys, has been implemented in the United States since the 18th century. Through red-light districts, street prostitution, escort or out-call prostitution, brothel prostitution, and child prostitution, prostitution still thrives in the United States despite legality. Sex toys has become increasingly more available on shelves but still primarily stay in the e-commerce realm. Sex work has struggled to stay in the United States because of legal issues, however, sex work is still and will always be implemented in the United States. From the 18th century to modern day, prostitution has found a way to serve purpose within the United States. In the 18th century, women in the American Revolution served as prostitutes to the Continental Army. Soldiers and officers paid these women for sexual favors. The army leadership had a love hate relationship with the idea of prostitution. They hated prostitution because of the increase d risk of the spread of venereal diseases. Some, however, wanted prostitution to stay in order to lift the spirits of the soldiers (Nickels 2013). In the 19th century, parlor house brothels became popular for the upper class while bawdy houses became popular for the lower classes. Concert halls were created during this time so that men could relax, listen to music, eat, bet on fights, and pay prostitutes. The vagrancy laws kelp prostitution illegal even though it was not well-enforced by lawShow MoreRelatedSex Tourism Essay4993 Words   |  20 Pagesthe recent years Sex tourism is the most attracting and increasing sector in terms of tourism studies. There are increased research, paper work, books, articles and several magazines released in the market related to sex tourism. Today there are many forces at work in the normalization of the international sex industry (Jeffeys, 1997). As sex industry has immensely became most profitable. 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The Zoetrope was later adapted by E adwaerd Muybridge into the Zoopraxinoscope in 1878Read MoreVirtual Reality Essay2284 Words   |  10 Pagesand marketing, and manufacturing and training (Ravenhill 65). One of the front runners advocating the use of the technology is the automobile industry. Ford and General Motors utilize this technology to aid in the design, the engineering, and the production of cars. Before a car is produced, Ford has to hire engineers to design the cars and technicians to test the cars for safety. Here, virtual reality lends a helping hand. Using virtual reality to test car designs for safety cuts down on the costsRead More Human Sexuality: God Created Woman for Man Essay2430 Words   |  10 PagesMarriage is designed to be sacred between men and women. Relationships were supposedly designed for men and women. Relationships that are between men and women are heterosexual relationships. 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On the other hand, the men in Cleland’s novel present the reader with a range of physical traits, class positions, and identities; I argue that the figure of the standardized prostitute serves to mediate between theseRead MoreStatus of Women in Contemporary Indian Society3990 Words   |  16 Pagesposition of women in modern India has changed co nsiderably. Her position in modern Indian society is equal to that of men, socially, economically, educationally, politically legally. Her sufferings from Sati, Child marriage, Institution of Temple prostitution no longer exist. Now, she has the right to receive education, inherit own property, participate  in public life political life of  the nation. She has become economically independent. 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Elizabethan society created impossible expectations for women, considered to be the weaker sex, exploited, and in need of protection. With no exception to this expectation, Ophelia is mistreated, scorned and ultimately shamed by the men in her life. Ophelia is the most innocent victim of Hamlet’s revenge in Shakespeare’s play â€Å"Hamlet†. Overwhelmed

Theory Of Evolution By Natural Selection - 896 Words

Summary Theory of Evolution by Natural Selection. According to history, Charles Darwin is the first scientist to frame the theory of evolution by natural selection. It was publish in his book title On the Origin of Species 1859†. Darwin express the theory of evolution by natural selection as a process by which species change over a period of time. This change take place because of the changes in genetic and behavioral traits. The ability of the organisms to change over time or adjust to fit environmental factors is due to the ancestral trait. The evolutional theory was supported by great body of evidence from various scientific disciplines. Natural selection is the main fundamental tool used in the theory of evolutional change. Natural selection in evolutional theory is the process responsible for the evolution of adaptive behaviors. Without the knowledge of natural selection in evolution, it will be very difficult to understand how organism display their diversity and their tough behavior to adapt and survive in an environment. The theory of evolution by natural selection has two main points: ïÆ'Ëœ All life on Earth are connected and are related to each other, and this variety of life is said to be a product of changes of species by natural selection in which some traits are favored by environment factors over other species. ïÆ'Ëœ Natural selection depends on the ability of an organism to attract a mate. An example of this process is the peacock’s colorful fluff and a male deerShow MoreRelatedThe Theory Of Evolution By Natural Selection1329 Words   |  6 PagesThe theory of evolution by natural selection proposes that all species are related (Eade, S. and profile, V. 2014). There is estimated to be between 6 million and 100 million different species in the world, with more species undiscovered than those discovered; this is all owing to the concept of evolution (Borenstein, S. 2014). Evolution is defined as the â€Å"change in the characteristics of a species over many generations (Linstead, 2012).† The most widely accepted theory of evolution is natural selectionRead MoreNatural Selection And The Theory Of Evolution1536 Words   |  7 PagesNatural selection and The Theory of Evolution were just two of the things that Charles Darwin conquered through the exploration of The Galapagos I sland. Darwin was born on February 12, 1809, in Shrewsbury, England. While Darwin was still in high school, his main interest was nature, he was especially interested in beetles. Darwin’s father, Robert Darwin, who was best known as the father of the naturalist Charles Darwin, wanted Charles to become a doctor. Due to lack on interest in the medicine fieldRead MoreThe Theory Of Evolution By Natural Selection965 Words   |  4 Pages The beginning of life on earth was always thought out as Gods creation and evolution was just a mystery in itself. Many people have always been interested in their origins and have found explanations using evidence that validates the story, but where is the proof? In 1859 a man by the name of Charles Darwin wrote a novel called the Origin of Species basically expressing the theory of evolution by natural selection. An extremely complicated story, but a very effective explanation of life as weRead MoreThe Theory Of Evolution By Natural Selection1027 Wo rds   |  5 PagesPart A: Evolution of Polar Bears Introduction The theory of evolution by natural selection (Darwinism), first formulated in Darwin s book On the Origin of Species in 1859, is the process by which organisms change over time as a result of changes in heritable physical or behavioural traits. Changes that allow an organism to better adapt to its environment will help it survive and that have more offspring. The first three ideas were already under discussion among earlier and contemporaneous naturalistsRead MoreThe Theory Of Evolution By Natural Selection1726 Words   |  7 PagesDiscussing Darwinian and Modern Evidence in Support to The Theory of Evolution by Natural selection Evolution is the gradual development of life on Earth. It is responsible for the unusual carnivorous plants (species such as Dionaea muscipula), the beautiful coloured plume of the male peacock, even the possibility of cells adapting to protect against continual low exposure to radiation (Russo, GL. et al 2012). Without it, the lavish diversity of organic life we interact with every day would be non-existentRead MoreThe Theory Of Evolution By Natural Selection926 Words   |  4 Pages Charles Darwin was the creator of Darwinism which is, â€Å"the theory of evolution by natural selection† (Junker 1). In school we are often taught that natural selection is survival of the fittest or the strongest wins. What seems to be a simple topic is actually one of the leading theories on the side of evolution in the highly controversial debate on Darwinism vs. Creationism. Darwinism states that certain genes in a population change through individuals. These â€Å"strong† genes are then produced moreRead MoreThe Theory Of Evolution By Natural Selection1692 Words   |  7 PagesDarwinian Theory of Evolution by Natural Selection Background information Even though evolution is an ancient concept, Charles Darwin brought up a new idea focusing on naturalistic modification of a population over time. He believed that species differ over time and space. In other words, after a period of time creatures undergo genetic mutations in their genetic code in which the beneficial mutations are preserved and the disadvantage mutations are eliminated. This concept he termed as natural selectionRead MoreThe Theory Of Evolution By Natural Selection Essay1774 Words   |  8 Pagesinvariance and stability. Darwinism rejects all supernatural phenomena and causations. The theory of evolution by natural selection explains the adaptedness and diversity of the world solely materialistically. It no longer requires God as the creator or designer .Darwin pointed out that creation, as described in the bible and the origin accounts of other cultures, was contradicted by almost any aspect of the natural world. Randolph M. Nesse George C. Williams. Mayr believed that Lamarck did not holdRead MoreThe Theory Of Evolution By Natural Selection1692 Words   |  7 PagesDarwinian Theory of Evolution by Natural Selection Background information Even though evolution is an ancient concept, Charles Darwin brought up a new idea focusing on naturalistic modification of a population over time. He believed that species differ over time and space. In other words, after a period of time creatures undergo genetic mutations in their genetic code in which the beneficial mutations are preserved and the disadvantage mutations are eliminated. This concept he termed as natural selectionRead MoreThe Theory Of Evolution By Natural Selection1486 Words   |  6 Pagesexplain the evolution of the word, where you may or may not find altruistic behaviours and most importantly it’s like to evolutionary theory. Evolutionary theory was developed by Charles Darwin and documented in his book ‘On the Origin of Species’ (1859). In it’s most simplistic terms it explains how and why animals, including humans, have changed and evolved over time to become the way they are. One of his more well known and supported theories illustrated in his book is the theory of evolution by natural

Josephine Baker Biography Free Essays

Josephine Baker was an American singer, dancer, and actress who rose to fame in France during the Harlem Renaissance: â€Å"a literary and intellectual flowering that fostered a new black cultural identity in the 1920s and 1930s†(Rowen). Josephine Baker was the first African American female to star in a movie, the only woman to speak during the March on Washington alongside of Martin Luther King Jr. , and the first black international pop icon (Lewis). We will write a custom essay sample on Josephine Baker Biography or any similar topic only for you Order Now Jo Baker is best known for, her â€Å"jungle banana dance†, where she danced naked except for a string of bananas tied around her waist. Born Freda Josephine McDonald, even though they were eventually divorced, Josephine Baker decided to keep the last name of her second husband, Willie Baker. Josephine ran away from home at the age of 13 to pursue her dream of being a famous dancer-singer but didn’t get her big break until she was discovered by director Folies Bergere in Paris. (Lewis) In 1951 at The Stork Club, New York City’s most extravagant night club at the time, Josephine was denied service because she was black (Lewis). That was the first time racial inequality directly impacted her. Josephine responded by refusing to entertain in clubs that did not allow blacks, in which several clubs responded with integration. She â€Å"crusaded for racial equality† again in 1963 when she spoke alongside of Martin Luther King Jr. during the March on Washington: the largest political rally for African American rights in United States history. Throughout the rest of her life, Josephine did many other things in protest of racial inequality, the most famous being her adoption of 12 multi-ethnic orphans (Gaines). Some say that Josephine started the trend of celebrities (ex: Angelina Jolie, Sandra Bullock, Steven Spielberg, Tom Cruise, and Hugh Jackman) adopting multi-ethnic orphans. Josephine has influenced the works of many modern day entertainers. Singer-songwriter Beyonce has given Josephine credit for being the inspiration of many of her performances throughout her career, including her re-make of Josephine’s famous banana dance for a performance of her song Deja Vu in 2006 (Gorgan). And in 2010, RB recording artist Keri Hilson portrayed Josephine in her single â€Å"Pretty Girl Rock†. (MacKenzie) Works Cited Rowen, Beth. â€Å"The Great Days in Harlem†. Infoplease. Pearson Education. N. D. Web, 19 Dec. 2011. Lewis, Jone Johnson. â€Å"Josephine Baker†. About. com. About. com. N. D. Web, 19 Dec. 2011. Gaines, Steven. â€Å"Hungry Heart†. New York Magazine. New York Media LLC. 10 Apr. 2009. Web, 19 Dec. 2011. MacKenzie, Carina Adly. â€Å"Who is Josephine Baker? Meet the Legend who Inspired Keri Hilson’s ‘Pretty Girl Rock’†. Zap2it. Tribune Media Services. 21 Nov. 2010. Web, 19 Dec. 2011. Gorgan, Elena. â€Å"Going Bananas for Beyonce! †. SoftPedia. SoftNews Net SRL. 11 Sept. 2006. Web, 19 Dec. 2011. Criner, Lowe. â€Å"Josephinw Baker†. Plaza. Plaza Edu. N. D. Web, 19 Dec. 2011. â€Å"Josephine Baker – Breezin’ Along With the Breeze†. Youtube. Youtube. 7 Aug 2010. Web, 19 Dec. 2011. â€Å"Josephine Baker – Breezin’ Along With the Breeze Lyrics†. ST Lyrics. STLyrics. com. N. D. Web, 19 Dec. 2011. How to cite Josephine Baker Biography, Papers

Financial Analysis of Greene King Plc And Mitchells And Butlers Plc

Question: Describe about the Performance of Greene King plc and Mitchells and Butlers Plc? Answer: Introduction: This assignment has discussed some tools of finance and accounts in order to analyze and investigate the financial performance of Greene King. This assignment also dealt with the non financial performance of the company. This company has grabbed the leading position within the pub and brewing industry of United Kingdom. This company has achieved an extra ordinary sale in 200 years of its operation. Greene King has operated more than 1900 pubs, restaurants and hotels in the market. This company has taken the technique of innovation within the process of operating business. Business objective of this company is to provide effective value to its customers by providing prolonged service. Rate of dividend of this company has been grown in the year of 2014. On the other hand, the revenue of this company has also been increased by 8.9 % in 2014. The year 2014 is one of the most successful years of the Greene King. In order to investigate the financial performance of Greene King Plc the author has taken another company among same industry, named Mitchells and Butlers Plc. This company also runs 1700 restaurants in U.K. Vision and objective of This Company is to provide various opportunities in service those will satisfy the actual needs and demands of the guests of those restaurants. Its main aim is to increase the value of shareholders of the company. Mitchells and Butlers Plc has got hold of 173 pubs in the year of 2014. This company has 4300 employees. This hotel and restaurant industry is highly competitive within U.K. Therefore, every company needs to do effective operation in order to attract customers within the competitive sector of market. 1.1. Performance of Greene King plc and Mitchells and Butlers Plc: In order to investigate the performance of Greene King plc author has done a SWOT analysis in order to know the strengths, weaknesses, opportunities and threats of the company while operating business within the competitive sector of market. Strengths Product of this company is highly effective among the customers It is very popular within the U.K market as it has operated its business operation by 200 years Balance sheet of this company is strong It pays high dividends to its shareholders or investors Weakness The service and product of this company are monotonous as it has no diversification Opportunities It has obtained a high rate of growth People of United Kingdom often try food from outside therefore restaurant and pub business therefore has been increased a lot Threats Market sector of restaurants is highly competitive in U.K Greene King plc often faces immense competition and rivalry from other organization Figure 1: SWOT analysis of Greene King Plc Strengths Mitchells and Butlers Plc has increased its financial performance This company also has a strong rate of share within the market of United Kingdom. It largely operate 1700 restaurants Team management of this hotel is strong and effective Weakness This company has not paid dividends to the share holders This company hardly differentiate products from the services Opportunities Trend of the customers within U.K is influencing Threats Competitive market and rate of rivalry is also high within the market Legislation of Government has posed a threat to this company Figure 2: SWOT analysis of Mitchells and Butlers Plc 1.2. Ratio analysis: 1.2.1. Profitability ratios: Profitability ratios help to analyze and understand the rate of profit of a company. Return on employed capital, return on equity, gross profit margin, operating profit margin, net profit margin are involved in order to analyze the profitability ratio of a company. Therefore, in this ratio analysis, profit of two companies by the year of 2012, 2013, and 2014 has been analyzed. Profitability Ratios 2014 2013 2012 Return on capital employed Net Operating Income/ ( Total Assets - Current liabilities) 7.01% 8.02% 7.38% Return on Equity Net Income / Equity 9.04% 9.82% 10.83% Net Profit Percentage Net Income / Net Sales 7.38% 7.99% 8.98% Gross Profit Percentage Gross Profit / Net Sales 8.08% 9.29% 10.97% Operating Profit Percentage Operating Income / Net Sales 15.32% 19.18% 18.53% Table 1: Profitability ratio of Greene King Plc Graph 1: Profitability ratio of Greene King Plc 2014 2013 2012 Profitability Ratios Return on capital employed Net Operating Income/ ( Total Assets - Current liabilities) 6.38% 6.94% 5.81% Return on Equity Net Income / Equity 7.85% 10.50% 7.42% Net Profit Percentage Net Income / Net Sales 4.72% 6.75% 3.71% Gross Profit Percentage Gross Profit / Net Sales 6.24% 7.49% 4.39% Operating Profit Percentage Operating Income / Net Sales 13.40% 14.83% 12.28% Table 2: Profitability ratio of Mitchell and Butlers Plc Graph 2: Profitability ratio of Mitchell and Butlers Plc Analysis: Return on Capital Employed: The comparison of return on interest and tax has been calculated by this ratio. In the case of Greene King Plc, the amount of return on capital employed has been increased in the year 2014 than 2012. Therefore, this company has achieved a positive rate of return on capital employed. Rate of profit through investment is high of Greene King Plc. In the year of 2014, this company has gained a lot of profit in order to operate the business activities among the U.K market. In case of Mitchells and Butlers, return on capital employed is also positive. 2012 was the challenging year for this company. However, it has recovered a lot in current years of its operation. Return on Equity: In case of Greene King Plc, rate of return on equity has declined a lot during the year of 2013 to 2014. Therefore, positive return on investment has been received by the equity share holders of the organization. However, high rate of share capital has affected on the return on equity of this company. Therefore, Greene King Plc needs to boost the return on investment in order to meet the needs of operation. In case of Mitchells and Butlers, return on equity has been declined a lot in the year of 2014 than the year of 2012. Increased number of equity share has caused the declining of return of the equity of this particular company. Net profit Percentage: This percentage of Greene King Plc has also been decreased from 2012 to 2014. This company has to pay a compensation of insurance in 2014. For this reason, net profit percentage of this company has declined a lot. On the other hand, Mitchells and Butlers also have to face a decline in the margin of profit from the year of 2014 to 2012. However, high operation cost has also helped this company in the process of increasing net profit margin of the company within the year of 2012 to 2013. Gross profit Percentage: Gross Profit Percentage has also been decreased by the extra pay to the insurance compensation of the Greene King Plc. Gross Profit percentage of Mitchells and Butlers has also been declined from 2012 to 2014. Operating profit Percentage: On the other hand stated that, operating margin ratio helps to measure the percentage of total profit or revenue among the income of operation of the particular company. Operating profit percentage therefore helps to determine the amount of profit after payment and the cost of operation of a company. However, the operating profit percentage of Greene King Plc has decreased from the year of 2014 to 2012. Therefore, operating profit margin has a positive impact on the business operation of the company. In the year of 2014 to 2012, the cost of operation has been increased and has impacted negatively upon the operating profit margin of the company. On the other hand, Mitchells and Butlers have gained a positive margin of operating profit. In the year of 2012 to 2014, the operating profit of this company has been declined due to the cause of high operating cost. However, in the year of 2014 to 2013, operating profit this company has been declined. 1.2.2. Liquidity Ratio: This ratio therefore helps to determine the skill of a company for settling the liabilities of current business operation. As per stated that, in order to determine the liquidity placement of the company, current ratio and quick ratio always help in this particular process. Liquidity Ratios 2014 2013 2012 Current ratio Current Asset/ Current Liabilities 0.797242 0.474571 0.481846154 Quick Ratio Quick Assets / Current Liabilities 0.738007 0.396106 0.391384615 Table 3: Liquidity ratio of Greene King Plc Graph 3: Liquidity ratio of Greene King Plc Liquidity Ratios 2014 2013 2012 Current ratio Current Asset/ Current Liabilities 0.552504 1.089835 0.969838 Quick Ratio Quick Assets / Current Liabilities 0.508885 1.033097 0.909513 Table 4: Liquidity ratio of Mitchell and Butlers Plc Graph 4: Liquidity ratio of Mitchell and Butlers Plc Current ratio: In the year 2014, current ratio of Greene King Plc was 0.797. In 2013, the current ratio was 0.474 and 0.481 for the year 2012. On the other hand, defined that, the perfect ratio should be 2:1. Greene King Plc has strong liquidity position. Therefore, this company is not able to meet the efficient liabilities with its assets. This company therefore uses the inventory with effective techniques. In case of Mitchells and Butlers Plc, current ratio is 0.55 in 2014, 1.089 in 203 and 0.969 in 2012. As per the current ratio shows, the liquidity position of this company is not so effective. Quick ratio: Greene King Plc has positive quick ratio. In 2014, quick ratio of this company was 0.738, 0.396 for 2013 and 0.391 for the year 2012. Proper quick ratio is 1:1. According to the rate of quick ratio, it can be stated that, it cannot effectively manage the current assets. On the other hand, Mitchells and Butlers have a negative quick ratio. This indicates that, this company can manage the current liabilities with the current assets. 1.2.3. Efficiency ratio: This shows the efficiency ratio of two companies. Efficiency ratios 2014 2013 2012 Inventory Turnover Ratio Cost of Goods Sold / Inventory 105.2033 111.0037 125.1034014 Stock Holding Period ( Days) 365/ Inventory Turnover 3.469474 3.288179 2.917586541 Debtor's Payment Period ( Days) Net credit sales / Average Debtors 21.62126 16.16644 16.62390671 16.88153 22.57763 21.95633111 Table 5: Efficiency ratio of Greene King plc Graph 5: Efficiency ratio of Greene King plc Efficiency ratios 2014 2013 2012 Inventory Turnover Ratio Cost of Goods Sold / Inventory 6.777778 8.916667 5.346154 Stock Holding Period ( Days) 365/ Inventory Turnover 53.85246 40.93458 68.27338 Debtor's Payment Period ( Days) Net credit sales / Average Debtors 32.83333 26.31944 33.73214 11.11675 13.86807 10.82054 Table 6: Efficiency ratio of Mitchell and Butlers Plc Graph 6: Efficiency ratio of Mitchell and Butlers Plc Inventory turnover ratio, Stock holding price and Debtors turnover ratio helps to determine the efficient operation of the particular organization. Mitchell and Butlers Plc have increased its inventory turnover. On the other hand, Greene King Plc has a positive efficiency ratio. Inventory ratio turnover ratio is also positive for Greene King Plc. This company can manage inventory with effective as well as efficient process. 1.2.4. Financial Structure: This provides detail analysis of financial structures of two companies. Financial structure 2014 2013 2012 Interest coverage ratio EBIT / Interest Expense 1.112051 0.935919 1.149270483 Price/ Earning ratio Current Share Price / Earnings Per share 18.7871 22.21451 10.92436975 Dividend Yield Dividend per share / Current Share Price 28.40 26.60 24.80 Table 7: Financial structure of Greene King Plc Graph 7: Financial structure of Greene King Plc Financial structure 2014 2013 2012 Interest coverage ratio EBIT / Interest Expense 0.931818 0.505338 0.601449 Price/ Earning ratio Current Share Price / Earnings Per share 18.76106 13.52564 17.82456 Dividend Yield Dividend per share / Current Share Price 0.00% 0.00% 0.00% Table 8: Financial structure of Mitchell and Butlers Plc Graph 8: Financial structure of Mitchell and Butlers Plc Interest coverage ratio, Dividend Yield ratio and Earnings ratio help to determine the financial structure of the particular organization. Greene King Plc has increased the amount of sale in the year of 2014. Ratio of interest coverage is positive. As the profit of the company has been increased a lot, the investors has attracted to this company. On the other hand, Mitchells and Butlers have also increased its margin of profit. This company has also opened some outlets of restaurants and pubs.This process has been resulted in gaining extra advantage from the investors.However, this company does not pay regular dividend to its share holders. However, impact of the company upon the company is positive. 1.3. Cash Flow: As stated by cash flow statement helps to states the flow of cash of the organization. Cash flow projection within the activities of operation, investing and dividend. Therefore, Greene King Plc has opened 1900 bars and restaurants in U.K. It has operated its business operatio by 200 years within U.K. Total cash flow of this company through different activities of operation is 204.3 pound. Increased amount of operating cost has been resulted the decline in net cash flow of the company. In the year 2014, company has increased its investing operation. This company has opened many new restaurants. It has also increased its payment of dividend activity. Therefore, the net cash flow of the organization has also been increased. On the other hand, cash flow statement of Mitchells and Butlers has been increased with the investment process of this company. This company has acquired Dining Limited and Orchid Pubs in order to expand the business activities of the organization. For this reason, this company has expanded a lot and resulted in the increase of profitability of the organization among the competitive market sector. 1.4. Indicators of non-financial performance: There are various types of indicators of the non financial performance of the particular company. 1. Satisfaction of employees: Greene King Plc often provides strong emphasis on building trust among the employees. This company has maintained effective relation among the employees of the organization. This company has maintained a strong value in order to build a strong relation between the employees of the organization. It also maintains an effective operation within the stakeholders of the organization. Relation between external and internal stakeholders is well maintained by the organization. Quality employees do work for this organization. This organization also gives proper training and development program for the employees. However, this company spends money in order to gather innovative ideas for the better performance of the employees. Various types of innovative solution of the company impact upon maintaining effective relation with the supply chain and logistics as well as operation management of the company. Decision making process of this company is also influenced by the process of innovation. This company also has implemented some regulations and standards in order to maintain the culture of the particular organization. This company also maintains effective standard of health and safety within the entire organization. 2. Corporate Governance: Greene King Plc has lacked from several initiatives of corporate governance. It does not do cross shareholdings with some other organizations. This company has put emphasis on the distribution of rights among the participants of the organization. Therefore, various decision making process has tackled by several types of rules of corporate governance. The objectives as well as aims of this organization has structured as per the rules and regulations of Corporate Governance. This organization is fully motivated by the values and beliefs of the organization. Corporate social responsibility: Every business organization should do effective task of corporate social responsibility apart from gaining profit from its business operation. It is many the non financial as well as nonprofit area of action. However, by delivering effective corporate social responsibility, this company can build an effective image and reputation within the competitive sector of the market. It can take several actions for the needy people of the society abroad. This company also can take initiatives in order to aware people about heal and safety and many other things. By attaining deep responsible work, people will start trusting this organization hence indirectly it will increase the name and sales of the organization. Effective corporate social responsibility also provides a chance to gain competitive advantage within the competitive sector of the market of hotel and restaurant industry of U.K. Conclusion and Recommendation: This assignment has discussed total financial condition of Greene King Plc and Mitchell and Butlers Plc in order to analyze the position of Greene King Plc. Operating cash flow of Greene King Plc has increased. In 2014, EBDITA of several pubs has been increased by 5.5% from 3.4 % in 2014. This company has also taken positive initiative in order to improve the expansion of retail business within the market. This company has paid a high rate of dividend to the shareholders. This company operates its effective business operation within the competitive sector of hotel and restaurant industry within United Kingdom. This company has also seen growth in order to gain the revenue and growth among the other rival as well as competitive zone of industry. Growth of this company is 4.5 %. However, rate of corporate tax of Greene King Plc is low. The rate of corporate tax was 24% in the year of 2013 and the rate has declined by 1% to 23% in the year of 2014. However, this company has lacked from the strategy of mergers and acquisition to the other company. Mitchell and Butlers Plc have acquired two hotels and restaurants. Therefore, Greene King Plc has to take the strategy and effective technique of mergers and acquisitions of different small companies in order to expand its business activities within competitive sector of market. However, this company has the value of employees. This company tries to maintain effective relation with the employees as well as other stakeholders of the organization. Therefore, this company has operated its effective business operation within U.K for the 200 years. Therefore, it has gained a reputation, image and popularity among the market. Therefore, this company should take some strategic decision in order to attain the competitive mar ket sector of United Kingdom. Reference list Books Journals Ahila, R and X. Antony Thanaraj, Role Of Hotel Industry In The Promotion Of Tourism (Discovery Pub. 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