Student Athletes Should Be A Leader - 850 Words

Each year, thousands of high school student athletes graduate without ever having left their mark on the community. They breeze through these four years of life as if they’re nothing whether they are playing or sitting on the bench. They receive average grades and never find ways to give back to the community that has allowed them to be in the position that they are today. I have always looked at things from a different perspective. I believe student athletes should be a leader to their peers and in their community. For starters, I believe that student athletes should be a leader to their peers and in their community through attitude and hustle. This seems like it would be normal for someone that is seen as the face of their school, but often times these two things can come low on some athletes list of priorities. In school, instead of being the typical â€Å"jock† personality, student athletes should be the ones that portray a positive and caring attitude towards their peers. On the field/court, student athletes should always give their all. Many like to give up if they aren’t playing well, or if they aren’t playing at all, but this only brings the overall morale of the team down tremendously. Whether it is making plays or supporting teammates, everyone on a team has a role no matter if they are on the field or on the bench. Every single player has a part in success and one negative attitude can be the one to overtake an entire team. Comparatively, I believe that studentShow MoreRelatedQualities Of A Good Leader Essay1563 Words   |  7 Pageshave had the opportunity to experience being a leader. I have experienced democratic leadership through playing high school and college sports, being part of groups in college for class presentations, being a presenter for professional development, being a head varsity coach, and most recently being the winter coordinator, acting Athletic Director, for the high school I am employed. I have l earned there are many important qualities in being a good leader. The dictionary defines leadership as â€Å"†¦TheRead MoreShould Student Athletes Receive Compensation for Upholding a Higher Standard?922 Words   |  4 PagesStudent athletes entertain fans at their local resident arena, which generated five million and six hundred thousand dollars in ticket sell in 2012 (National College Athletic Association). This is not fair to student athletes that are solely responsibility for contributing to these financial statistics. Student athletes are leaders in the classrooms and on the field. Student athletes uphold the standards requirement by the NCAA to maintain their eligible to play sports. As leader on the fieldRead MoreCreating A Crisis Management Plan For Mentorship Academy Athletic Department1476 Words   |  6 Pagesevents throughout the school year for high school athletes to participate. Students that participates in any athletic events are at a risk for injuries than any other student and causes each sport to have a higher stan dard of caution and safety to protect the students’ safety. Therefore I will be completing a crisis management plan for Mentorship Academy Football Team. Currently, Mentorship Academy has approximately 1200 students and 243 students participating in athletics in grades ninth throughRead MoreThe History of the Labor Movement up to the Present1565 Words   |  7 Pageswatch out for the workers. Who are some of the labor leaders that impacted the movement up to the present and what did they accomplish? One of the first Labor Union leaders is William Sylvis he created the first National labor Union called the National Labor Union ( Ushistory.com). Samuel Gompers would also be another labor union leader. Samuel Gomper helped create the A.F.L which is the American Federation of labor and was the leader of the A.F.L until he died in 1924( Ushistory.com). SamuelRead MoreEssay College Athletes Should Not Get Paid for Play810 Words   |  4 PagesThe argument whether a student-athlete should be paid to play or not be paid is one that spans the ages. College sports are considered to be of amateur status by the NCAA. Therefore they believe student-athletes should not receive a pay check to participate in a sport. However on the other end of the spectrum, many critics believe that student-athletes should receive pay for play because not only are they participating in a sport, they are entertaining the spectators. They believe that if performersRead MoreSports : Sports And Sporting Activi ties1568 Words   |  7 Pagesat question is whether sports are affecting the education of students and young adults, who may have carried their sporting career into college. In general, people of all ages spend a lot of time both in person and on TV watching sports, not to mention those who are actively participating in the sporting event. With sports taking up most of a student s free time, some pose the concern that sports are taking too much time, and the students are unable to focus on their education. One may even make theRead MoreWhat Should P.e. Be?1439 Words   |  6 Pages 10/6/2015 What Should P.E. Be? A Physical Education teacher has the responsibility of promoting physical activity safely inside and outside of school. The safety of the students performing the physical activities directed by the instructor is important to prevent injuries. The PE teacher must instruct his or her students on how to correctly perform correct techniques when performing athletic exercises or sports. Preventing major and minor injuries should always been on the mind ofRead MoreShould A Sustainable Program Launches?914 Words   |  4 Pagestechnology/school leaders, understand to ensure a sustainable program launches? I love sports. I love playing, watching, and all that comes with sports. In most professional sports, collective bargaining and player associations and unions are essential for ensuring that athletes are treated equitably and are then able to focus on their job—playing their sport to the best of their ability. But what happens when a team owner tries to pull a fast one on the athletes and jeopardize the rights of an athlete, orRead MoreHigher Compensation for Higher Education: Paying College Athletes1749 Words   |  7 Pages College Athletes: Higher Compensation for Higher Education? Division 1 athletes have it all: the glory of representing the school’s colors and honor, the pretty girls, televised games, and most have room and board along with classes paid for. Some think that all this is not enough for these young players; they deserve to be paid for their dedication and hard work. This is a very controversial topic because there is such a fine line between professional athletes and amateur athletes. CollegeRead MoreCollege Athletes Should Not Be Exempt from Regular Class Attendance Policies875 Words   |  4 Pagescollege athletes miss classes because of practice, competition and from exhaustion. For those reasons, supporters argue for exemption of athletes from class attendance policies. Others argue that college athletes are given scholarships to attend college to play sports. On the contrary, the focus of colleges is educating students. The question is, should colleges athletes be exempt from the class attendance requirements? The answer is no and here is why. First, the education of athletes takes

Sigmund Freud Essay - 1264 Words

Sigmund Freud is known to be one of the most prominent scholars on research and thoughts regarding human nature. Freud is acknowledged for establishing out of the box theories with dominant concepts that are backed up by good evidence. Freud’s arguments are quite convincing, but very controversial. When thoughts get controversial, a loss of strength for an argument occurs. Freud feels that religion is a psychological anguish and suffering. (Webster, 2003) For Freud, religion attempts to influence individuals psychologically in order to enhance wish fulfillment, infantile sexuality, Oedipal Complex, and dominating humanity all over the world. (Webster, 2003) Sigmund Freud referred himself as a scientist, his main work surrounded psychology.†¦show more content†¦(Freud, 1917) I completely disagree with what Freud is saying, just because our ancestors believed in religion and it was passed down, we are in a day and age where we are all very open. More and more atheist i s present and religion is not imposed on individuals. Freud claims that theories need to be supported with proof to be valid and religion cannot do that. I disagree even though prophets and God has not written themselves; the scriptures are in fact overlapping in material about incidences and events that had occurred. For instance, in Christianity the Gospels within the bible there are three synoptic Gospels that every much touch upon the same incidences, they were all written at different times. If these scriptures were not accurate then why are there so many overlaps amongst them. Freud states that religion pressures and suppresses people. (Freud, 1917) I think that religion is a personal choice if you believe in a religion that’s good and if you do not that’s good to. It is an individual’s choice to make and no one can affect that decision. Religious ideas have the strongest influence and impact on humanity till today, stated Freud. (Freud, 1917) Humans are v ery intelligent creatures, if religion has such a strong hold on us, there has to be some truth behind it. Freud believes that religious ideas, teaching, and experiences are allShow MoreRelated Sigmund Freud1435 Words   |  6 PagesSigmund Scholmo Freud was born on May 6, 1865 in Freiburg, Moravia. Freud was orginally born Jewish but changed over to Atheism, later his Jewish past would come back to â€Å"haunt† him. An interesting (yet disturbing) fact is that Freuds mother, who was also his fathers second wife, was only a few years older than his two stepbrothers. Many people believe that this was a cause to why Freud to believe that the psychological issues are related back to sexual issues in childhood, since he had an psychologicalRead MoreEssay on Sigmund Freud629 Words   |  3 PagesSigmund Freud Sigmund Freud, the father of psychoanalysis. Although, for the most part, his theories are not as accepted as he originally intended, his fundamental ideas are used often in terms of neo-Freudian theory. He constructed the idea of the unconscious, as well as the id, ego, and superego. Now, it is quite understandable, on a superficial level at least, why sex was the main topic which Freuds theory revolved. The time was one of sexual suppression, even to the degree of coveringRead MoreSigmund Freud Essay2676 Words   |  11 PagesSigmund Freud SIGMUND FREUD (1856-1939) His theories and treatments were to change forever our conception of the human condition. Sigmund Freud was born in Freiberg, Moravia, a part of the Austrian empire at that time, on May 6, 1856. Today it is a part of Czechoslovakia. He was raised in the traditions and beliefs of the Jewish religion. Freud considered a career in law but found legal affairs dull, and so, though he later admitted to no particular predilection for the career ofRead MoreDreams, By Sigmund Freud1165 Words   |  5 Pagesevents during sleep. Everyone dreams, however, not everyone remembers their dreams. The psychoanalyst, Sigmund Freud, theorized that dreams bury themselves in unconscious emotions and as we sleep our mind releases these emotions in the form of dreams. He also theorized that dreams are ways in which people act out suppressed desires. The Interpretation of Dreams, published in 1899, by Sigmund Freud, symbolically opened the twentieth century and appears as one of the most influential books of the centuryRead MoreSigmund Freud Ideology2321 Words   |  10 PagesSigmund Freud explored many new concepts in the human mind during his lifetime. He was the scholar who discovered an immense new realm of the mind, the unconscious. He was the philosopher who identified childhood experience, not racial destiny or family fate, as the vessel of character, and he is the therapist who invented a specific form of treatment for mentally ill people, psychoanalysis. This advanced the revolutionary notion that actual diagnosable diseases can be cured by a technology thatRead More Sigmund Freud Essay658 Words   |  3 Pages Sigmund Freud was born may 6, 1856. He was the first of six children he also had two older half brothers from his fathers previous marriage. This was his father’s second marriage and in this one he was much older than his wife was about twenty years older than he was. When Sigmund was just 4 years old his family moved to Vienna, it was a tough childhood for Sigmund growing up in a large Jewish family with not to much income it was a struggle for everyone in the family. He was nicknamed the goldenRead MoreSigmund Freud Essay1452 Words   |  6 PagesSigmund Freud Sigmund Freud was an interesting man with many opinions and ideas, ranging from Religion, to philosophy, to medicine, all the way to science. Sigmund Freud was born in 1856 in Maravia, but grew up in Vienna. He started out by studying medicine, then later, in 1885, traveled to Paris, where Charcot encouraged him to study hysteria from a pschological point of view. Then later, in 1895, making his first publishing, Uber Hysterie. Freud was the man who came up withRead MoreSigmund Freud Theories1254 Words   |  6 Pages Sigmund Freud is a well known name in the world of social science. Freud is responsible for revolutionary concepts such as the defense mechanisms and the iceberg metaphor outlining the human psyche. The knowledge of Freud’s concepts such as these have allowed me to gain a more thorough understanding of the complexity of my psyche and the causes of my behaviours in my everyday life. Freud’s theories aid me in explaining my actions in various situations in my social life and groups, my personal thoughtsRead MorePsychoanalysis and Sigmund Freud2808 Words   |  11 Pagesby Austrian born psychoanalyst, Sigmund Freud. This approach to psychotherapy has evolved ever since the 1800s when it was first developed and this will be very clear in the following essay in that different theories and components of the approach will be discussed and they will also be used to analyse Wendy and come to decisions about how she is presenting in therapy based on these components of psychoanalysis approach. Psychoanalysis as an approach founded by Freud focuses on what is called the unconsciousRead MoreEssay on Sigmund Freud1234 Words   |  5 PagesSigmund Freud was a remarkable social scientist that changed psychology through out the world. He was the first major social scientist to propose a unified theory to understand and explain human behavior. No theory that has followed has been more complete, more complex, or more controversial. Some psychologists treat Freuds writings as a sacred text - if Freud said it, it must be true. On the other hand, many have accused Freud of being unscientific, suggesting theories that are too complicated

Business Analysis of Tiffany & Co-Free-Samples-Myassignmenthelp

Question: Discuss about the Business Analysis of Tiffany Co. New York. Answer: Background of the Company and the Industry Tiffany Co. is the trendsetter in fashion industry of USA, originated in New York. The company started its journey since 1837 through pioneers Charles Lewis Tiffany and John B Young with the start-up capital of US$ 1,000 from family source of Tiffany. After starting the journey, the company had crossed different stages of its trendsetting performances by setting landmarks of their performance. This company is involved in fashion industry. Trend of buying pattern of this industry is never considered as a priority buying and always goes with impulse buying. With the quality assurance and innovative designs, the company gradually acquired different level of success, which had put them as one of the top contender in jewelry industry in USA. Gradually the company was involved in gems industry with introduction of precious gems in their catalogue. The company was involved in purchasing and selling of traditional and historical gemstones from different countries of the world, exhibited the m in their different counters for the rich Americans(Anderson, 2016). The company thus justified its role by providing exclusive and exquisite items of fashion industry with emphasis on different costly products in the forms of crowns and gems. After the timely exit of the first generation, next generation was ready to take over the baton and had introduced himself as an esteemed designer well capable of designing the eminent buildings like White House. The company has proved its responsible attitude towards complying with the norms of social and environmental benchmark for procuring their raw materials from the nature(Madden, 2016). As per CEO and Chairman of the company, Michael J. Kowalski, the position of the company gave them the honor to be a leader in the luxury jewelry market. Being the leader the company has to show their responsible attitude as a stakeholder by setting the trend of the business in such way that it should comply with the basic trusts like protecting the env ironment, showing due respect to the domain of human rights and extending support for the society and the community in which the company belongs. The excellence of this company had put them in the place of Hall of Fame as the symbol of heritage due to their quality management with highest level of professional design expertise. They are spread over the entire world with more than 200 stores with the ability to provide the service of trusted producer of gifts, which are considered as lifetime treasure(Tiffany, 2017). Financial Analysis To discuss financial analysis, we will highlight on certain issues of the company, featured in the accounting management of the company. Standard accounting practice- Tiffany From the financial statements of the company for last years, it is being observed that the company is following conservative outlook towards maintenance of its financial practices by ensuring employment of GAAP with the restrictive fields to honor Corporate Law of US. The company normally follows Average Cost method for their inventory maintenance by discontinuing LIFO method, which was earlier followed by them. This inventory management system is not as per the normal practice of industry, which is FIFO method. The company is practicing straight-line depreciation of assets and reviewing of goodwill occurs annually to ensure proper treatment with impact of impairment as applicable by FAS 12. The company follows principle of POS revenue recognition, which does not allow recognizing revenue until physical purchase is being made and subsequently booked(Techtarget, 2016). The benefit of following GAAP as accounting practice provided the company advantage in treating different financial information like goodwill, depreciation, cost of inventory, pension accounting, etc. by inflating profit level(Stewart, 2013). Net sales/ net receivables To find out the A/R Turnover ratio, consideration of sales divided by A/R is necessary. This element is instrumental to differentiate sales on account and sales on cash. In desirable situation, the ratio should be high which depicts the higher level of cash sales and lower level of sales on account. In this case Tiffany is not performing as per desired benchmark as set by the industry. Lower A/R ratio represents lower inflow of cash and this restricts the positive surplus on working capital(Accountingtools, 2017). ROE Return on Equity or ROE of the company is with positive trend that is better than the competitors are and of the industry trend. This is good for investors and they are always keen to invest in Tiffany with portrayed high returns on investment(Kennon, 2016). Gross margin This is another instrument to understand the operating efficiency of the company. The company always produces comparative high level of gross margin that has projected the ability of the company to generate operating profit from each transaction of sales made by the company than that of competitors and industry trend. This is due to price mark-ups and the customers are willing to this practice of paying extra price worth of their return on value for money. This is possible for excellent and high power brand name of Tiffany(Kimboal, 2016). Analysis of financial statement of Tiffany Co Analysis of Tiffany CO. Financial Report for Last Five years Heading 2016 2015 2014 2013 2012 Variance Earning Data 2016 2015 2014 2013 Net Sales 4002 4104 4250 4031 3794 -2.5 -3.4 5.4 6.2 gross profit 2490 2491 2537 2340 2163 0.0 -1.8 8.4 8.2 Selling, general and admin costs 1769 1731 1646 1557 1466 2.2 5.2 5.7 6.2 Net earnings 446.1 463.9 484.2 181.4 416.2 -3.8 -4.2 166.9 -56.4 net earnings per share 3.55 3.59 3.73 1.41 3.25 -1.1 -3.8 164.5 -56.6 Balance Sheet and Cash Flow Data total Assets 5098 5122 5172 4745 4629 -0.5 -1.0 9.0 2.5 cash and cash equivalent 928 844 730 346 505 10.0 15.6 111.0 -31.5 inventories 2158 2225 2362 2327 2234 -3.0 -5.8 1.5 4.2 Debts- short and long term 1107 1096 1108 996 957 1.0 -1.1 11.2 4.1 Stockholders' equity 3028 2930 2851 2734 2611 3.3 2.8 4.3 4.7 Working Capital 2941 2779 2851 2431 2485 5.8 -2.5 17.3 -2.2 Cash Flow from operating activities 702 814 615 154 328 -13.8 32.4 299.4 -53.0 Capital expenditure 223 253 247 221 220 -11.9 2.4 11.8 0.5 stockholders' equity per share 24.33 23.1 22.04 21.31 20.57 5.3 4.8 3.4 3.6 Cash Dividend paid per share 1.75 1.58 1.48 1.34 1.25 10.8 6.8 10.4 7.2 Ratio Analysis as a Percentage to Net sales Gross profit 62.2% 60.7% 59.7% 58.1% 57.0% 2.5 1.7 2.8 1.8 Selling, general and admin costs 44.2% 42.2% 38.7% 38.6% 38.6% 4.8 8.9 0.3 0.0 earning from operation 11.1% 11.3% 11.4% 4.5% 11.0% -1.4 -0.8 153.2 -59.0 Capital expenditure 5.6% 6.2% 5.8% 5.5% 5.8% -9.6 6.1 6.0 -5.5 Total debt to equity ratio 36.6% 37.4% 38.9% 36.4% 36.7% -2.3 -3.8 6.7 -0.6 All figures in Million USD except net earnings per share, stockholders' equity per share and cash dividend per share. All ratios are shown in percentage Table 1 Above table shows the analysis of financial statements of the company for last five years as extracted from the officially published financial statement for the stakeholders. Different areas of financial statements are considered for appraising the financial performance of the company. Main areas considered are earning data, Balance Sheet and Cash Flow Data, and Financial ratio analysis. Earning Data- Earning data segment consists of net sales, gross profit, net earnings, sales, general and administrative expenses, net earnings per share and net earnings, which are shown in the table with year-wise variance analysis. The figures depicted in the table had shown respective variance in comparison with last year-figures(Shareholder, 2016). Balance Sheet and cash flow data- This segment consists of total assets, cash and cash equivalent, inventories, debts-both short and long terms, stockholders equity, working capital, cash flow from operative activities, capital expenditure, stockholders equity per share and cash dividend paid per share, which are featured in the financial analysis table along with variance analysis comparing with last year. Ratio Analysis- This segment is featuring with basic financial ratio analysis derived as a percentage to net sales including gross profit, selling ,general and admin costs; earning from operation, and capital expenditure. Other ratio is total debt to total equity ratio. All these ratios are helpful for stakeholders to take effective decision about the company so far investment; lending and other aspects are concerned(Tiffany, 2016). Market Share-Competitors performance Table 2 The extract of CSI Market analysis report is appended above (Table 2) as found in their 2017 release. As per CSI Market analysis report of 2017, different companies, out of whom Tiffany procured third spot, dominate global jewelry industry. The biggest stakeholder of the market is Ross Stores Inc while Michael Chors Holdings Ltd. procures the second place. The companies of jewelry industry relate this analysis to revenue contribution. For the issue of derived net income for last year, Ross Stores is contributing 52% while Michael Chors Holdings is contributing 25%. Tiffany had proved its efficiency by showing 20% margin contribution. So far net margin contribution is concerned; Tiffany is topping the table with 10.33%(Csimarket, 2017). Below Table with Table No. 3 is showing the analysis with percentage contribution figure of the companies performance in respect of total organized jewelry industry represented by first three contenders of this industry(Csimarket, 2017). Competitors' Data of first three Jewelry industry stakeholders company revenue net income net margin total %age contribution total %age contribution Ross Stores Inc 13084.19 46% 1148.04 52% 9.71 Michael Chors Holdings Ltd 4493.7 16% 551.5 25% Tiffany Co 3962.1 14% 448 20% 10.33 Approx Market 28711.71 2217.2 3.78% Table 3 Strategic Issues- Tiffany The company is running their business with successful continuation, as featured through their financial achievements over the period. The company has certain adopted strategies, which make them a stalwart in this industry. The first strategy is their brand value. Brand value of any organization dictates the terms of its supremacy in the market. With existence of more than a century in the fashion industry and customized jewelry industry, the name of Tiffany Co. is well known to the stakeholders of the company including customers. This brand image is high priority for the company that they are well aware off and always prioritize this issue with effective branding which is elementary to create market resilience. The CEO of the Company, Michael Kowalski had expressed their views about the strategy of the company by stating that the company is not interested in changing dramatically in their strategies, which are prevalent in the industry of luxury brands. The company is managed with l ong- term strategies, which can ensure the best of the results for the company. The company is more prone to believe on the core values, which support to strengthen their brand image(Hellman, 2015). PESTLE Analysis The PESTLE analysis of Tiffany Co. can show the positive and negative outlook of the company which the company faces for running their business: Political- As the company is engaged in their business in the domestic market of US and other overseas market, the company has to be more aware of the changed political scenario of the countries where they operate. Entry in new market is always depending upon the political policies of the country for any company. Tiffany is no exception to that. While entering in new market of Asia, compliance of different political policies can make barrier to the company that needs prior scrutiny and proper market research by the company. One of the main areas of concern is foreign trade regulation of the country where the company is intending to enter and this should be critically analyzed to ensure feasibility of the future business in that country(Hellman, 2015) Economical- The economic analysis of this industry insists on the concept of globalised economy. This economy is alluring companies to expand their business in different companies abroad in order to ensure greater turnover and subsequent profitability. The possible new market for the company is Asia, which is picking up with high GDP and more purchasing power of the people of that continent. The changed scenario of global economy is putting more money in the wallet of the people, which they can spend to satisfy their impulsive needs. As jewelry is one of the major impulsive needs to satisfy the ego of possession for the people, the company can exploit the situation. At the same time, the company has to understand the buying ability of the target audience and restructure their product mix in order to ensure higher turnover with lesser value items(Sarah, 2014). Social- The social analysis of this business is mainly highlighting two basic features- pampering the dream of the customers and the human rights of the labor. The target audience of this industry is well off with their wealth and can think of spending money in luxury items. To them, money is not the main criterion; instead, the basic goal is to ensure satisfaction of their own image. Human rights are the other area need to be noticed with proper application of ethical use of labor, and supply chain management. These are the areas, which are well under the scanner and the good name of Tiffany can be adversely affected in case of such action, which can affect the ethical issues in negative way. Technological Technological analysis is mainly highlighting the application of latest technology in the industry. Tiffany, being one of the market rulers, has to ensure the adaptation of latest technologies in order to ensure best possible deliverance to the customers. The use of latest technology of the industry is also being able to reduce the cost of manufacturing and deliver best possible products to the customers(Researchandmarkets, 2014). Legal- The legal analysis demands the compliance of applicable legality of the business in the countries the company operates. Tiffany is mainly involved in US, Europe, and now expanding their operation in Asia. As a responsible business stakeholder, Tiffany has to ensure compliance of existing laws of the countries as well as to ensure the future compliance of the legal issues upcoming in different countries of operation. Environmental- Environmental analysis demands Tiffany to ensure operations, which are environmental friendly. Earlier environment was not a big factor for running business, but the latest trend of gradual awareness on this issue is causing concern as the business of the company is depending upon the raw products, which are acquired from mines. The maintenance of balance of the environment is getting to be a major issue and Tiffany is well aware of dos and donts of this industry and complies with strict adherence as per global environmental authorities. With the above critical discussion on PESTLE analysis, it is evident that the company is always attentive to different issues related to these factors and always takes proper actions as per requirement to meet the need of the criteria with ethical business practice. Porters five forces Analysis Competitive Rivalry-This force seems to be high as the competitors are famous in the world of jewelry industry and they can go to any extent to prove their supremacy in this industry. Bargaining power of suppliers-This force is high as the suppliers of raw materials are limited in numbers and they can bargain their prices of supplying raw material to that extent for which the producers are willing to pay. Bargaining power of buyers-This force is low as the buyers have to pay for their choices as per the price fixed by the manufacturers and have little or no option to bargain. Threat of new entrants-This force is medium as this industry is exclusive in nature and attracts of block of capital with high magnitude. Hence the new entrants thought twice before entering in this industry. Threat of substitute products-This force is recognized as medium to high as new replacement of existing products are there to clinch the market share of this industry with innovative design and substitute replacement of raw materials(Academon , 2016). Limitations of the financial model and conventional analysis Above discussions of Tiffany are mainly evolved in the domains of financial model and conventional analysis. While financial model is trying to highlight different financial information and thus wants to justify the financial situation of the organization, conventional analysis as per management tools is mainly involved in highlighting other factors which are contributing to the business prospect of the company. However, these model and analysis have their shortcomings too, which are to be understood for assessing the future scope of business of the organization(Citeseerx, 2010). Limitation of financial model Basic financial model followed for assessing the performance of any company is to study different statutory audited financial reports published by the company. The financial reports thus passed in the annual general meeting of the company are presented for stakeholders. The reports are dependent upon the management of company who are instrumental in preparing those reports and the honesty of the auditors who are authenticating the same. Different financial reports are projecting the historical financial positions of the company so far its performance and its financial condition is considered. In the present case of Tiffany Co, the financial model considered to assess the financial positions of the company is through its income statement and consolidated financial position. However, these financial statements are not projecting the future financial scope of the company. In addition, it does not provide information about the competitors activities with comparison to understand the pos ition of the company. This information can only be gathered by collecting and collating different information from other sources to conclude about the condition of the company. Limitation of conventional analysis Conventional analysis of different management tools to assess the performance and future projection of any company are mainly based on different facts and information, which are scrutinized through the model with application of management skills. Most of the analyses are based on hypothetical approach with logic and thus the critique tries to reach the inference in order to justify that. The authentication of those gathered information always raises question and the subsequent inference always creates debate among the critiques. PESTLE model is highlighting on the performance of the company with projected future scope through different factors, which are mainly instrumental in judging the scope of operation of the company with the prospect to excel in future. These analysis cannot be taken as final and granted and the management gurus always depending upon different models of conventional analysis in order to arrive at the common platform which can be able to give justified conclusio n(Kimboal, 2017). Conclusion The discussion on Tiffany about their performance and history has projected good amount feedback depending upon the financial analysis and the conventional management analysis. The company has a good record of accomplishment of business in luxury industry and with the efficient management; the company tries to hold the key of the industry. It is evident from the article that the company has rich tradition of historic presence and successful running of business. The area of activities of the company needs to be focused on the market and the company is doing that with efficiency. The company has enough scope of improvement to sustain in the market for which some recommendations are featured in the last part of this report. Recommendations Following recommendations for Tiffany Co. are made to complete this report: Thought of diversification Production of low range products Strengthen brand image and exclusiveness Stress on innovation to enjoy the competitive edge of the market Insistence on traditional product range with logical pricing References: Academon , 2016. Porter's five forces analysis for Tiffany and Co. [Online] Available at: https://www.academon.com/case-study/porter-five-forces-analysis-for-tiffany-co-153157/ [Accessed 08 August 2017]. Accountingtools, 2017. Net receivables. [Online] Available at: https://www.accountingtools.com/articles/2017/5/12/net-receivables [Accessed 07 August 2017]. Anderson, ., 2016. The history of Tiffany. [Online] Available at: https://www.thejewelleryeditor.com/jewellery/article/the-history-of-tiffany-tiffanys/ [Accessed 08 August 2017]. Citeseerx, 2010. Cost benefit analysis. [Online] Available at: https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.470.7469rep=rep1type=pdf [Accessed 07 August 2017]. Csimarket, 2017. TIF Sales vs. its Competitors Q1 2017. [Online] Available at: https://csimarket.com/stocks/compet_glance.php?code=TIF [Accessed 07 August 2017]. Csimarket, 2017. Tiffany Co (TIF). [Online] Available at: https://csimarket.com/stocks/competition2.php?code=TIF [Accessed 07 August 2017]. Hellman, J., 2015. Tiffany: A Short SWOT Analysis. [Online] Available at: https://www.valueline.com/Stocks/Highlights/Tiffany__A_Short_SWOT_Analysis.aspx#.WYe8pGdS3IU [Accessed 07 August 2017]. Hellman, J., 2015. Tiffany: A Short SWOT Analysis. [Online] Available at: https://www.valueline.com/Stocks/Highlights/Tiffany__A_Short_SWOT_Analysis.aspx#.WYn1vWdS3IU [Accessed 08 August 2017]. Kennon, J., 2016. Return on Equity (ROE) and Income Statement Analysis. [Online] Available at: https://www.thebalance.com/return-on-equity-roe-357601 [Accessed 07 August 2017]. 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[Online] Available at: https://files.shareholder.com/downloads/TIF/4937645336x0x936623/F7474AAB-E333-4A69-90DA-3C16AE14E309/2016AR_TIFFANY_285904_017_web_bmk.pdf [Accessed 07 August 2017]. Stewart, G.B., 2013. Accounting for Corporate Charges in Detail. EVA. Techtarget, 2016. GAAP (generally accepted accounting principles). [Online] Available at: https://whatis.techtarget.com/definition/GAAP-generally-accepted-accounting-principles [Accessed 07 August 2017]. Tiffany, 2016. Shareholder information. [Online] Available at: https://investor.tiffany.com/annuals.cfm [Accessed 07 August 2017]. Tiffany, 2017. About Tiffany Co. [Online] Available at: https://press.tiffany.com/ViewBackgrounder.aspx?backgrounderId=33 [Accessed 07 August 2017].