Tuesday, December 31, 2019

Women s Roles During War During The Ancient Times

Irà ¨ne Herrmann and Daniel Palmieri wrote, â€Å"Women are generally excluded from the debate of belligerence, except as passive victims of the brutality inflicted on them by their masculine contemporaries. Yet history shows that through the ages, women have also played a role in armed hostilities† (19). Women have been integrated into combat roles long before time. â€Å"The earliest-known, Queen Ahhotep I of Egypt, Chinese military leader Fu Hao, and Zenobia, Queen of Palmyra† (21). They were examples of women who have played roles in war during the ancient times. Times have evolved and these days women going into combat has become an ongoing debate. However, I believe women in the United States Armed Forces should serve in military combat. One of the major reasons why women are not seen as a candidate to go into combat is because of their physical strength. In general, women are built smaller than men. â€Å"Women don’t have the brute strength that’s needed in combat,† said Jude Eden, a Marine Seargent in Iraq (54). Certain tasks such as long hikes, running, and obstacles faced in training have a greater impact on women than men. The standards of physical fitness while in training are suitable for men. Therefore, the result of this is having different standards placed on women and men. Jack Kenny wrote, â€Å"Men generally have more strength, speed, and stamina than women. That’s why in nearly all professional or amateur athletic competitions, from golf and tennis to football and basketball,Show MoreRelatedFeminism : A Long Time Goal For The Feminism Movement1671 Words   |  7 PagesEquality has been a long-time goal for the feminism movement. Over the last 100 years did feminism equality advanced so much within the united states. Women have gained many rights that men have and perhaps more. Has feminism accomplished all their goals that there is no need for feminist in the united states? Many women believe that there is no need for feminist anymore. Throughout history women had little to no rights then men. In ancient Egypt women were equal to their husbands but within theirRead MoreGender Roles Of Women And Women1536 Words   |  7 PagesMen and women have very different expectations and roles in the work force. In the past almost all corporations have discriminated against gender, especially women. Whether it is women not being allowed certain positions and/or promotions at a job, or women not being allowed into the field of work that they desire at all. Women have also been discriminated by being payed lower wage and made to work longer hours in unsafe and unhealthy work environments. Gender roles set expectations that are extremelyRead MoreThe Evolution of Gender Roles and its Role in Society1505 Words   |  7 Pages When thinking of gender roles in society, stereotypes generally come to mind. Throughout history these stereotypes have only proven to be true. Major historical events have had a huge impact on the way men and women are seen and treated. In this way, women have always been secondary to males and seen as the fragile counterparts whose job is to take care of the household and most importantly, be loyal to her husband no matter the circumstance. Gender roles throughout history have greatly influencedRead MoreRole of Women in Ancient Roman Society Essay1341 Words   |  6 PagesIntroduction: The role of women in ancient Rome is not easily categorized; in some ways they were treated better than women in ancient Greece, but in other matters they were only allowed a very modest degree of rights and privileges. 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The holy book of Islam, theRead MoreAncient Egyptian Sports And Sports1606 Words   |  7 PagesSports in Ancient Egypt included Handball, Competitive swimming, Hockey, Weightlifting, Tug of war, Javelin, Jumping, Running, Boxing, Wrestling, Rowing, Equestrian sports, Handball and swimming. Ancient Egyptian sport also included team sports. They required team work in an effort to display skill, strength and sportsmanship. Hockey Ancient Egyptians had a version of field hockey. Hockey sticks were pieces of palm tree branches with the tell-tale bend at the end. The inner core of the ball wasRead MoreSimilarities Between Ancient Egypt And Mesopotamia951 Words   |  4 Pagescommunities it’s understandable that with time societies would form and later become civilizations. Two of the earliest considered civilizations in human history are Ancient Egypt and Mesopotamia. 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She was celebrated more than any other God in ancient mythology, was the supposed inventor of countless innovations, and her figure gave reason for Greek woman to gain rights long before others of their time. The goddess of war, the guardian of Athens, and the defender of Heroes; Athena’s impact on the lives of Ancient Greeks is outstanding. As a resident on Mount

Monday, December 23, 2019

Career Path of a Surgeon - 1463 Words

Introduction The career path as a surgeon is a physician who specialises in a specific treatment of injury, disease, or deformity through operations. Surgeon’s correct physical deformities, repair bone and tissue after certain impairment, or perform defensive surgeries on patients with a major disease or disorder. The changing nature of surgeons has changed in expeditious manner during the past 20-30 years and yet is still planning to change dramatically over the future. The job demands of a surgeon keep increasing due to having such a large population, as the population grows the demands of surgeons will only increase as the population increases. There are 32 different major types of surgeons some of them include: Brain Surgeon,†¦show more content†¦The surgery industry is a male dominated and a lot of employers believe women can’t handle the job due to high stress level in comparison to what males can. Women are trying to fight this ridiculous sexist and make it an equa l opportunity for both genders. However, it will happen in duration of time. The results show that in 2006 males had 67.8 of fulltime jobs, whereas women had a small amount of 11.3% Figure 1.2. | Job growth is expected to expand throughout the future years especially in 2014 due to the health care is extended to expand at a rapid rate. Referring to figure 1.2. Below the statistics show the historical employment rates in a hundred thousand figures. Figure 1.3. The graph shows that in 2000 the employment rate for surgeons was at 23,000 and in 2009 increased rapidly to 64,000. Whereas, in 2011 the rate dropped back down to 56,000. The employment rates are always a surprise but due to population and more health care needed the rates are guaranteed to increase. The role of OHSamp;W in the workplace Occupation Health Safety and Welfare stands for (OHSamp;W.) OHSamp;W helps protect the safety and welfare of employees in their workplace. OHSamp;W in the medical industry includes * Including and providing information,Show MoreRelatedThe Path Of Becoming An Orthopedic Surgeon877 Words   |  4 PagesThe Path to Becoming an Orthopedic Surgeon Introduction Obtaining a degree in medicine is one of the lengthiest educational paths one can choose to take. Choosing to become a surgeon lengthens that journey even more and it is one of the most challenging degrees to obtain. An orthopedic surgeon is a physician that â€Å"focuses on the diagnosis, care, and treatment of patients with disorders of the bones, joints, muscles, ligaments, tendons, nerves, and skin.† (â€Å"Career in Orthopaedics†). Throughout treatmentRead MoreA Career in Orthopedic Surgery1429 Words   |  6 Pagesfunction to one’s life even if they have never been granted movement without restraint before. Orthopedic surgeons receive patients whose freedom of movement have been compromised and then return it back to them. Orthopedic surgeons give immeasurable opportunities and life experiences back to their patients because of their perseverance and commitment to their patients and careers. Orthopedic surgeons are responsible for mending and operating on the musculoskeletal system. â€Å"Orthopedics is a medical specialtyRead MoreResearch Paper on Being a Doctor1037 Words   |  5 Pagesdesire to become a surgeon. My first exposure to the medical field was when I visited my aunt in her residency in Venezuela. â€Å"A surgeon is responsible for the success of his scheduled surgeries. He’s a leader who coordinates each operation with a highly qualified staff, assesses the patient’s need for surgery and is in charge of his post op recovery (Baylor).† A surgeon possesses qualities above those of a general physician, requiring years of additional schooling. 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One never considers themselves able to accomplish something great until they meet someone great who has already acquired insight of the world from the other sideRead MorePhysician Assistant, Radiologist, And Surgeon1178 Words   |  5 Pagesare many careers in the health sciences field that are very intriguing, while there are some that do not seem appealing at all. Th ree of these careers are physician assistant, radiologist, and surgeon. Three careers that do not appeal to my likings are dentists, health educators, and home health aide. There are also three more careers that I found on my own that have some interests with me: Radiological health physics, A physician assistant is an individual that aides doctors, surgeons, and other

Sunday, December 15, 2019

Learning Team Role Identificatiion Paper Free Essays

Running head: LEARNING TEAM ROLE IDENTIFICATION PAPER Learning team role identification paper Tiffany Burrage, Tami Bereki, John Kuespert, Tim Poninski University of Phoenix Interdisciplinary Capstone course GEN/480 Inga Parker Jul 04, 2010 Learning team role identification paper One of the factors that make Justice Inc such a unique organization is the various skills each member has. Each member has a particular job title based off of his or her educations, experience, as well as his or her skills. Tim Poninski is the consultant of the organization. We will write a custom essay sample on Learning Team Role Identificatiion Paper or any similar topic only for you Order Now Tim’s job is to provide recommendations, facilitation, and training on the development, management, and technological aspects of organization quality improvement efforts at all levels. This is done for Justice Inc as well as out organizations that Justice Inc is consulting with. Tim has expertise and specialties in all aspects of the criminal justice field; therefore Tim is responsible for keeping organizations abreast of any and all changes in the criminal justice field. John Kuespert is the president of the company. John’s responsibilities are to establish the direction for the development and administration of the organizations quality improvement efforts. John consults with peers throughout the organization on a number of different issues. Maintains and develop an environment of continual improvement in all aspects of the organization. John makes sure that organizations that Justice Inc consults for is satisfied with the services rendered. John also oversees the organizations operations to make sure production efficiency, quality, service, and cost effective management of resources. John is responsible for day to day operation in the organization. Tiffany Burrage is the vice president of the organization. Tiffany’s responsibilities are to oversee all aspects of the organization. This includes but is not limited to improvement efforts, which deals with developing and administrating programs. Tiffany’s also is responsible for assuring all employees receive training and coaching. Establishing strategic plans, policies and procedures at all levels for Justice Inc, as well as outside organizations. Tiffany makes sure that the improvements meet or exceed the needs of internal and external customers. Tami Bereki is the auditor of the organization. Tami responsibilities are to primarily evaluate financial information and put in order financial reports for internal and external organizations. Tami also maintains record of resources, liabilities; profit and loss, tax liabilities, as well as other financial activities with thin an organization. Analyze organizations operations, improvement, cost, revenues, financial commitments and obligations. Tami also is responsible for projecting future revenues and expenses and provides advice for organizations. How to cite Learning Team Role Identificatiion Paper, Essays

Saturday, December 7, 2019

Finance And Funding - Ashtead Group

Question: Describe about the Finance And Funding - Ashtead Group? Answer: Introduction Board of Directors of most of the corporate organizations often require effective consultancy research and report regarding the financial and non-financial performance of their organizations in order to make effective strategic decisions for the growth and development of their business (Aras et al. 2010). Financial ratios are one of the most effective indicators of organizational performance in terms of their financial aspects (Taticchi, 2010). An efficient management consultant always considers preparing a balanced scorecard, which is a strategic planning and management technique that is essential for aligning the organizational vision and strategy of the organizations with their business and operation activities (Sennels, 2011). In other words, a balance scorecard helps monitoring organizational performance and improving organizational communication against their strategic goals. Ashtead Group is one of the renowned organizations renting equipments throughout the world. Most of their domestic networks are in the United States and in the United Kingdom. The company is mainly famous for providing extensive range of industrial and construction equipments for various applications and to a diverse customer segments. Their equipments include power generating, lifting, moving heavy industrial objects, digging, drilling, heating, pumping, ventilating and various other necessities. The key objective of the company is to allocate sustainable assessment and maximum performance throughout the economic cycle, to extend industry-leading arrangement, and to deliver maximum returns for their shareholders (Ashtead-group.com, 2015). Ashtead Group Vision Expanding the growth and development of their business to retain and to improve their leading position within the equipment rental industry The management of Ashtead Group has been concentrating upon their business growth and business development strategies and policies since last few years, as they realized that their company has better chance of winning maximum market share within the equipment renting industry both in the US and in the UK. The company has further improvised their organizational structure, financing structure and operational efficiency in order to dominate the equipment rental market throughout the world, especially in the US and in the UK. Delivering maximum returns on investments to the shareholders throughout the economic cycle (Ashtead-group.com, 2015) The management of Ashtead Group has clearly stated within their Annual reports that their significance success largely depends upon the contribution and dedicated support from their shareholders. Their shareholders have always welcomingly supported their company and the strategies implemented by the management of Ashtead Group. Therefore, they have realised the importance of understanding shareholders benefits and concerns. The company has already been sharing significant amount of their profit with their shareholders and the management has expressed their vision to maximise the shareholders return each year. Their vision will no doubt not only make the shareholders satisfy, but also to influence them investing more towards the company for enhancing growth and development of the Ashtead Group. Strategy Build a Broad Platform for Growth The company is largely operating within both the US and the UK. However, the primary strategic target of the company is the US, where they would like to double their growth and profit. The US market is almost five times larger than the UK and the Ashtead Group is the key supplier of infrastructure equipments in the US right now. Rental penetration in the US is approaching 50% and the major contractors in the US prefer renting the equipments rather than owing them. The equipment rental industry in the UK is emerging and the company Ashtead Group has the financial strength and organizational capabilities, which are helping the company to gain competitive advantages over various inefficient competitors in the US market. However, the company is also concentrating on the UK, where they would like to enhance their market share by 50%. The company is also concentrating on Bolt-on Mergers and Acquisitions (MA), developing clusters within key sectors and on organic fleet growth (Ashtead-group.com, 2015). As the management have foreseen that there are maximum amount of unoccupied market, enhancing demand and presence of ineffective rivals, the management of Ashtead Group is concentrating upon developing a broader business platform, which will have maximum opportunities and growth prospects. Maintain Financial and Operational Flexibility The management of Ashtead Group has taken various strategic initiatives for maintain financial and operational flexibility for supporting their business from both long-term and short-term perspectives. Although, the economic conditions are not favourable and the market competition is increasing, but the group is holding ROI at 19%. The company has been also able to maintain their leverage mostly below net debt to EBITDA. This represent that the company is maintaining financial discipline. The company is also utilising their financial stability and strength for optimising their fleet sector during cyclical upturn (Ashtead-group.com, 2015). The management of Ashtead Group has expressed that the company needs to maintain effective collaboration and flexibility within their finance department and operational department, which are the key units for their business and have significance importance towards achieving sustainable growth and long-term development. Financial flexibility enables them to deal all the operating costs and shareholders return. On the other hand, it also helps them to implement any growth and development strategies effectively. Operational Excellence The management of Ashtead Group has taken various initiatives for improving the efficiency of their operational activities. They are considering fleet on rent, EBITDA, ROI, staff turnover and safety as their key performance indicators. Operational excellence is something that the management and the board of directors of Ashtead Group are trying to concentrate upon widely for gaining sustainable improvisation within their organization using various policies, strategies and modern management techniques. The management of Ashtead Group is mostly considering enhancing operational efficiency by enhancing maximising their operational performance, innovation, effective collaboration, financial and operational flexibility and improving shareholders profit. They are also focusing upon improving their services (Ashtead-group.com, 2015). Balanced Scorecard - Ashtead Group Financial Perspective Goal Key Performance Indicators Target Action or Initiative 1. Revenue Enhancing revenue Revenue from the group Fleet on Rent Market Share Revenue from the group to be enhanced by 19.82% Increased to almost 2700 (US Fleet on Rent) Increased to almost 350 (UK Fleet on Rent) Increased by 50% (UK Market) Increased by 100% (US Market) Greenfield development Improvisation towards product mix Mergers Acquisition (Bolt-on) Similar organic store fleet expansion 2. Shareholder Enhancing return of the shareholder Underlying EPS Dividend per share Underlying EPS to be enhanced by 63p Dividend per share to be increased to almost 20p Maintaining an effective dividend policy with the consideration towards both cash generation and profitability 3. Cash Flow Maintaining Strong and Stable Cash Flow Net Debt Underlying EBITDA margin to be 47% Frequently reviewing the capital structure of the group Adopting a conventional financial policy Maintaining long-term debt maturities Using asset based facilities Minimising debt commitments 4. Profitability Improving Return on Investment and Profit Return on Investment Underlying PBT Underlying PBT to be 403.6 ROI to be enhanced by 19% Monitoring and Managing fleet investment effectively Appropriate incentive for improving return Focusing upon greater return Flexibility towards the pricing structures Optimising utilisation rates and returns Table 1: Financial Perspective - Ashtead Group (Source: Created By Author) Financial perspective implies financial performance of Ashtead group. The company is financially stable. However, they must consider enhancing their profitability for increasing return on investments, as earning profit is the major objective of any profit-making organizations like the Ashtead group. The management of the company may enhance their profitability by implementing various strategies such as managing fleet investment effectively, making the pricing structure flexible etc. Increasing profitability will also have an impact upon the revenue and the shareholders profit, which can be increased by various activities such as Greenfield development, improvisation towards product mix and bolt-on Mergers Acquisition. The company should also consider maintaining continuous cash flow by revising their capital structure, debt maturities and financial policies. In addition, the management should revise their divided distribution policies to enhance return of the shareholders in order t o encourage them for more investments. Internal Business Processes Perspective Goal Key Performance Indicators Target Action or Initiative 1. Fleet Management Enhancing efficiency of the fleet Utilising physically Age of the fleet Maintaining between 60% and 80% More than 2 years in the US More than 3 years in the UK Adopting a model with clustered model Maintaining standardised fleet Ensuring adequate stores for offering wider range of equipment 2. Safety Ensuring Safety Reporting of Diseases, Injuries, and Dangerous Occurrences Regulations Less than 50% Improvising health and safety policies Cultivating safety culture Safety with suppliers and customers Induction training programme 3. Delivery Management Improvising Delivery Cost Recovery and Minimising Respond Time Delivery Time Lead Time Delivery Cost 10% reduction throughout 10% reduction throughout 20% reduction throughout Improving and monitoring organization of the stress and loading of the delivery trucks Training Optimising pick-up and delivery routes 4. Quality of the Services Ensuring Superior Quality of the Services Perfect Order Almost 100% Monitoring Quality of the Services Frequent improvement initiatives Be responsive Table 2: Internal Business Processes Perspective - Ashtead Group (Source: Created By Author) The management of Ashtead Group must concentrate improvising their internal business process by enhancing fleet efficiency, ensuring safety, improving delivery costs and by offering superior customers services. The management should concentrate more upon renovating their organization culture. In addition, continuous campaigns regarding training and development are also essential. Customer Perspective Goal Key Performance Indicators Target Action or Initiative 1. Customer Loyalty Ensuring Customer Loyalty Net Promote Score Annual Customer Spend Greater than 60% Increase by 25% Customer loyalty programme Special discounts Rewards for References 2. Customer Satisfaction Satisfying the customers Customer Complaints Responsive time Less than 10% Less than 1 business day Understanding needs and expectations of the customers Differentiating fleet and service for providing better quality of service Cost effective rental solution 3. Branding Enhancing Brand value Market share Brand rank Increased by 50% (UK Market) Increased by 100% (US Market) Top 5 brand Promotion and advertisements through effective medium Initiating campaigns 4. Customer Retention Enhancing Customer Retention Fleet on rent (on-going) Increase by 10% Offering discounts Pricing scheme development Table 3: Customer Perspective - Ashtead Group (Source: Created By Author) Customer perspective includes various aspects associated with the customers, who are the key to success for the group. The management must consider satisfy their customers for enhancing customer loyalty, customer retention and brand value. The management could fulfil such objectives by concentrating upon customer services, pricing scheme, discounts, promotion and advertisements. Innovation, Learning and Growth Goal Key Performance Indicators Target Action or Initiative 1. CSR or Corporate Social Responsibility Committing towards Sustainability Revenue intensity ratio GHG Emission Less than to 120 Less than 2000,000 and 35,000 (scope 1 and 2) Upgrading lighting Training on maintenance Continuing Tier 4 lower emission equipment Fuel efficiency and carbon emission Considering renewable energy resources 2. Developing Skills Enhancing employee skills Average training hours Greater than 8 Hours On the Job training Formulating and implementing new learning management system Apprenticeship programmes 3. Employee Retention Improving Employee Retention Staff turnover rate Less than 15% Competitive salary Reward and recognition Workforce diversity and equal opportunities Health and Safety working environment 4. Innovation and Technology Developing Innovative Technology IT outages Less than 15 Utilising the latest technologies Investing towards leading technologies for having real-time access to fleet pricing and availability Table 4: Innovation, Learning and Growth - Ashtead Group (Source: Created By Author) Innovation, Learning and Growth perspective include Committing towards Sustainability, Enhancing employee skills, Improving Employee Retention and Developing Innovative Technology. The tool of balance scorecard helps an organization to prepare a dashboard of all the activities. For example, the balance scorecard indicators of the element of finance are ROI, Return on Investment (ROI), Net Debt and Leverage at Constant Exchange Rates, Dollar Utilization, Underlying EBITDA Margin, etc. Several initiatives have been linked with the key performance indicators of the several elements of the firm. The actual and target element has also been analyzed regarding the elements of finance, internal business process, customer, learning, and growth. Based on the findings of the balance scorecard, the organization Ashtead Group can respond appropriately to attain their strategic goals. Balancing the balance scorecard ELEMENT NUMBER OF MATRICES TOTAL WEIGHTED PERCENTAGE FINANCE 4 25% INTERNAL BUSINESS PROCESSES 4 25% INNOVATION, LEARNING AND GROWTH 4 25% CUSTOMER 4 25% TOTAL 16 100% Table 5: Balanced Scorecard - Ashtead Group (Source: Keyes, 2010) According to the above table (Table 5), the four perspectives are balanced consistently in the Balanced Scorecard for striking a balance in achieving the vision and strategy set out by the management of Ashtead Group. The major rationale behind this is that the four perspectives are closely associated to each other and all four perspectives contribute equally towards the success of the business. Strategic Map - Ashtead Group Figure 1: Strategic Map - Ashtead Group (Source: Windolph and Hlle, 2011) The key strategic goals of the company Ashtead Group are to retain and enhance their position in the industry and to offer diverse range of products and services to the customers for enhancing market share (Uysal and Katipoglu, 2015). The company is also concentrating upon fleet on rent for enhancing their EBITDA margin. In addition, it will also help the company to enhance their ROI. The company is also concentrating on staff turnover and safety concerns. Employees are the key elements for achieving success and the company is trying to strengthen their employees through training and motivation (Tonchia and Quagini, 2010). In addition, the company is also giving priority to safety of the work environment. The management should consider improving EPS, ROI and the Net Debt and Leverage for enhancing shareholders return. On the other hand, the company can also consider analysing the importance of dollar utilization, EBITDA, mergers acquisitions for obtaining long-term sustainable growt h, which will help them retaining strong and leading position in the industry across the US and the UK (Uysal and Katipoglu, 2015). On the other, there are two strategic elements: employee turnover and safety, which are also essential for achieving long-term sustainable growth for the company. Safety is something, which is mandatory for the organizations to avoid any legal consequences. Administrating effectively towards safety concerns by adopting newer strategies will help the company both externally and internally. In addition, the company is also implementing new strategies for maintaining staff turnover rate under control, as employees and staffs are the ones, who will be performing the business activities and operations of Ashtead Group (Windolph and Hlle, 2011). Prioritising the Recommendations to the Board of Directors of Ashtead Group Priority 1-Minimising Operating Costs Operating costs are the costs often deducts major portion of the profits of the companies. Therefore, it is recommended for the Board of Directors of Ashtead Group to monitor their operating costs effectively in order to lower their operating costs, wherever possible. In order to minimise the operating costs, it is essential for the management of Ashtead Group to recruit, select and to retain the efficient employees, who have better knowledge and experience regarding the business operations of Ashtead Group. There are various other ways such as budgeting, planning and monitoring, which could help the company to manage their operating costs effectively (Sarkar, 2010). Construction equipments and various other equipments that require depreciation charges largely are the key products or services of Ashtead Group. Although, the management is financially capable enough to incur such charges, but those costs are something largely affecting the profit margin of the company (Langley, 2013). Priority 2- Investing towards Global Expansion The company is only concentrating after the US and the UK, especially towards the US market, which is mostly unoccupied and is emerging in terms of industry growth. However, there are many other countries such as India, China, and Dubai, where the demands of renting equipments are enhancing frequently. Many researchers have opined that most of these markets will be going to takeover major market share of the renting equipment industry within next few years. Constructions, industrialization etc. are now booming on these emerging countries, where the management of Ashtead Group can consider offering their services largely. In addition, there is less or no competition within these markets. Therefore, it can be a prospective opportunity for the management of Ashtead Group to expand their business within these economies by giving equally importance. Most of these economies are also encouraging for foreign investments. Therefore, the company Ashtead Group will mostly not going to face any business environmental issues within these countries. Global expansion will also help the company to switch around different markets, while their current market is not performing as expected. Priority 3- Concentrating more upon Mergers and Acquisitions (MA) Mergers and acquisitions are very useful for several purposes such as minimising operating costs, enhancing operational efficiency and minimising the threats from major rivals. The company management has already taken various initiatives for investing significantly towards mergers and acquisition activities (Kim, 2010). Many similar companies both in the US and in the UK are new to the industry but may influence the market and affect the market share and profitability of Ashtead Group (Burgess and Heap, 2015). However, it is important for the management of Ashtead Group to consider the companies with highest prospective in terms of operational efficiency and availability of resources, as merging or acquiring an inefficient or non-performing company may affect the profitability of the company and also may become financial burden for the management of Ashtead Group. Priority 4- Expanding the organization towards Related Industries Most of the leading and modern organizations are operating within diverse range of businesses and industries in order to obtain long-term growth and profit. However, those companies have considered expanding their business towards similar line of business in order to maintain operational excellence and to avoid loss. Although, the management of Ashtead Group has already started offering wide range of services, but they must consider expanding their business towards various other related industries such as construction and manufacturing. Construction and manufacturing industries are one of the profitable industries to operate a business. However, the companies must have financial stability to operate within construction and manufacturing industries and the management of Ashtead Group has both financial and organizational capability to start their business within these sectors. In addition, due to similar line of business, the company will not likely to get any issue and their manageme nt can effectively deal with the business and operations of such industry. It will not only help the company to enhance their profitability, but also to help enhance their brand value throughout the world. Limitations Limitation 1 The tool of balance scorecard has several limitations. The major limitation lies in the fact that it is very difficult to implement in practical life due to several technical factors. Balance scorecard do not considers other factors related to the business environment. Therefore, the key performance indicators may not reflect a true picture of the operating activities of the business firm. External business environment may cause several fluctuations in the targeted activities of the balance scorecard. Due to this reason, business organizations may be forced to ignore Limitation 2 Balance scorecard does not consider the size and nature of the modern business organizations. Therefore, it is not possible for the business organizations to implement the tool of balance scorecard within their system. It can be considered as a major limitation for the modern business organization. Critical Evaluation and Discussions Performance management and monitoring both are critical and essential management process, which can be effectively implemented appropriate usage of balanced scorecard (Kaplan and Norton, 2010). In the current study, the balanced scorecard represents the strategic goals of the management of Ashtead Group and the actual performance of the management of Ashtead Group throughout the year (Easton et al. 2015). Therefore, this is an opportunity for the management consultants to use the balanced scorecard for justifying whether the company Ashtead Group is performing up to the expectations of their management and board of directors. Therefore, the balance scorecard will not only help monitoring the performance of Ashtead Group, but also will assist managing their performance effectively (Balancedscorecard.org, 2015). The balanced scorecard also helps revealing the necessary activities, which are aligned with the vision and strategy of the Ashtead Group (Keyes, 2010). Therefore, it helps identifying the most essential management activities, which need to be further enhancing (Windolph and Hlle, 2011). For example, as per the developed balanced scorecard in the current study, it can be inferred that the management Ashtead Group was expecting their EBITDA to be around 45% - 50%. However, they achieved 47%, which is better than the previous financial year. Therefore, the company has been able to improve their EBITDA, but they have to maximise their business performance to enhance EBITDA to attain their estimated target, which was set according to the expectation of leading the industry effectively (Nielsen and Nielsen, 2015). Conclusion The current study concludes that EBITDA margin of Ashtead Group is lower than the industry average but their ROI is stable. This is why the company is able to maintain their profitability and shareholders return. Therefore, the Board of Directors of Ashtead Group should consider improving their EBITDA for enhancing their leading position in the renting equipment industry throughout the UK and the US. However, the financial ratios are suggesting that the company is profitable. In addition, the study also concludes that the company Ashtead Group has also started concentrating upon diverse range of products and services, especially upon the fleet on rent for enhancing both shareholders return and their position within the industry of renting equipments. Reference List Books Burgess, T. and Heap, J. (2015). Performance measurement and management of professional and knowledge work. Bradford: Emerald Group Publishing Limited Easton, P., Halsey, R., McAnally, M., Hartgraves, A. and Morse, W. (2015). Financial managerial accounting for MBAs Kaplan, R. and Norton, D. (2010). The balanced scorecard. 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