Improving Pay for Performance with SOP

Improving Pay for Performance with SOP INTRODUCTION: Executive pay has been a big controversial issue over the past twenty years due to various governance failures which have generated a forceful policy debate on the appropriate role of shareholder voice in corporate governance (e.g., Bebchuk 2007; Bainbridge 2006). Some say the pay is too high and is set by captured boards while some say it reflects the marketplace in action. Therefore, some companies are either willing to or mandated to give shareholders an advisory vote on the prior years compensation of top executives-a say on pay (SOP). SOP is a term used for a rule in corporate governance whereby stakeholders are given the opportunity to vote on the enumeration of executives. SOP potentially not only gives shareholders an advisory vote on pay practices, but also increases scrutiny from shareholders over top managements compensation at most companies. Therefore, this study illustrates how SOP improves pay for performance. Under certain circumstances, this study will show that pay for performance has been increasing significantly after the adoption of SOP. When further decomposing executive pay into its cash-based and equity-based components, this study finds evidence of an increase at most companies in the relationship between performance and these compensation components, and the potential to enhance transparency, governance, and accountability, which, in turn, should lead to greater efficiency and social responsiveness (Bebchuk, Friedman, and Friedman, 2007). MAIN: This study is going to discuss further about the principal of SOP and its effect on pay for performance in firms and the related principal-agency problems in corporate governance. SOP might have not been a new concept in corporate governance in the UK, but some firms in developed and developing countries have been implementing this concept over these years around the world. SOP is known as one of the recent phenomenon of shareholder activism, a voice mechanism for shareholders (Hirschman, 1970). It is the effectuation of providing shareholders the right to vote on executive compensation program at the annual meeting. The regulation changes a variety of attitudes toward corporate governance and disclosure habitudes of all public companies. This concept allows shareholders to either raise their voices or express their opinions against executive compensation programs. In other words, instead of letting top executives to decide the level of compensation plans, shareholders can use their voting rights to either approve or give advice on executive compensation plans that link to top executives performance. To clearly justify, SOP is seen as a friendly tool to express, improve the dissent, giving advice on remuneration, but not an aggressive governance rule to destroy firm value or dissociate the relationship between principal and agent. While companies are not bound by SOP advisory votes, the act not only requires firms to disclose the vote results after the shareholders meeting, but also report whether and how the board considers the voting results in the following year. Consistent with this argument, De Franco, Hope and Larocque (2013) find that additional disclosures improves board effectiveness at monitoring executive c ompensation and in strengthening the link between pay and performance. SOP was used formally in UK in 2003, but in fact it was unofficially started and practiced in July 1999 as non-binding vote on executive compensation or remuneration. In the early of 2001, there are various companies beginning to propose the remuneration committee report, and there is an evidence that the number of firms submitting the proposal grew rapidly in 2002. After the UK, several EU countries consequently adopted this principle such as Netherlands, Norway, Sweden, then it spreaded to Australia and USA. It has been lasting for nearly 15 years in the UK while in the USA, this concept started in 2010 and became compulsory in the same year, which is relatively brief and the current knowledge of SOPs results and effects are still limited along with many academic discussion and practices. Basically, the objectives and models of SOP vary considerably across the world. Under Dodd-Frank, SOP in the USA requires companies to hold a non-binding vote on compensation at least once every three years. Afterwards, firms are also required to request shareholders to regulate the frequency of future say on pay votes at least once every six years but no less than that, also the shareholders are given the option of doing annually or every two or three years. However, in the UK, the government presented the Directors Remuneration report to record for a shareholders vote on current level of compensation at every annual general meeting. Pay for performance is currently a big issue in corporate governance due to several executive compensation scandals. Additionally, House Report 110088 noted that the average of a CEO in a top company earned approximately 140 times higher than the pay of a regular employee in 1991; nonetheless, this ratio increased exponentially to about 500 to 1 in 2003. The compensation for CEOs is divided into 2 parts which are fixed compensation such as cash and bonuses, and variable compensation ,also called performance-based compensation. The variable compensation which strongly relates to CEOs performance, including option grants, stocks option,.etc will be determined comprehensively in this study so as to favour the practical impact of SOP. Refer to Jensen and Meckling (1976), the traditional principal-agent theories stated that the owner of the firm constructed the compensation contracts to the agent in terms of maximizing the value of the firm. Muller-Kahle (2013) finds some evidence that, w hen CEOs have a dominant ownership stake, firm monitoring is diminished and firm performance suffers. However, most of public companies generates it infeasible for shareholders to debate the managerial compensation. In the phenomenon, the executive compensation scandals occurred frequently and severally than we could imagine. For examples, Tyco International was reported a CEOs scandal in 2005, its CEO Dennis Kozlowski and CFO Mark H. Swartz were convicted of stealing $600 million, these money was symbolized as the excess of executive remuneration, i.e. Kozlowski gave his wife $2 million birthday gift on Islands Mediterranean at companys expense. From our point of view, if Say on Pay was introduced and implemented earlier, those compensation scandals would had possibly not happened and also its reasonable to achieve and practice the SOP policy at the moment. According to Vicente Cuà ±at, Mireia Gine, and Maria Guadalupe (2013), the main purposes of Say on Pay is to raising shareholders voices, concentrating on the shareholders interests but also focusing on values that CEOs added to the firm and the transparency of CEOs interests. It leads to the improvement of the agency problem. Although a variety of evidence are against the benefits of Say on Pay, Bebchuk (2007) contended that a formalized say on pay vote is able to overcome the psychological barriers and support the negotiation of better compensation contracts. Indeed, many articles suggest that the approach of SOP does have a positive correlation between both firms value and the issue of pay for performance. We believe that there is nothing 100% right or wrong in all circumstances and its inherently difficult to determine precisely influences of any corporate governance regulation. Hence, the objective of this paper is to approve the improvements of Say on Pay on pay for performance in corporations in terms of increasing firms values, shareholders values, reducing agency problems and enhancing the transparency of executive compensation under certain conditions. First condition is firms with excessive or ineffectiveness CEO remuneration, as stated by Core at el. (1999), less effective boards are regularly related to high abnormal CEO compensation and low sensitivity pay for performance, which means that SOP is likely to benefit to the firm with weaker corporate governance and incompetent remuneration design. Secondly, firms with independent-minded shareholders willing to vote against management are likely to face more pressure if the say on pay is achieved; thirdly, firms are willing to b oost performance, enhance compensation and reform as a consequence of shareholder pressure. Due to Baird and Stowasser (2002), the first benefit of implementing SOP is certainly promoting accountability and transparency in the compensation report. To earn stakeholders support or prevent litigation, boards not only have sought to enhance disclosures concerning executive compensation plans but also publish an annual directors remuneration report over the past year, which causes directors more carefully to consider shareholder interests when designing executive pay plans. The recent trend confirmed the increased directors accountability after the introduction of say on pay (Cai et al. 2007, 2009; Del Guercio et al. 2008). As found in the previous articles, Davis (2007) stated that the Say on Pay proposal did associate smoothly with the communication and relationship between shareholders and board of directors. Refer to the UK evidences, after annual general meeting and the accurately analysis of remuneration report, there is a substantially development in the connection and tr ansmission between compensation committees and shareholders. Firms are more opened to a dialogue with shareholders to justify a broader compensation decisions and practices. Companies will not only have the opportunity to include additional resolutions on specific compensation decisions, but also have the opportunity to ask shareholders views on specific compensation decisions, including decisions related to various aspects or categories of pay. Each company, however, will be required to permit shareholders to vote on a resolution addressing all of the compensation disclosed in the annual proxy. This finding may advance scrutiny and also lead to more informed voting decision and the acceptance of a remarkable premium. Also, Deane (2007) and Davis (2007) suggested that SOP probably superior adjusts for principal-agent interests and enhance corporate governance and performance. The SOP allows shareholder to raise their voices in executive which definitely better align with CEO and shareholders interests, consequently, it comes up with the reduction of agency cost and a more adequately compensation contracts. Due to Peter Iliev and Svetla Vitanova (2015), the market reacted positively to the practices of Say on pay votes and the general supports of directors from shareholders are spotted to be increased. In practices in the UK, the impact of SOP was found to be positive as well, Fabrizio and David A. Maber (2013) analysed that the adoption and implementation of say on pay to the UK regulation was escorted with positive stock price reactions at firms with high dissent compensation conflicts and particularly practices diluting punishment for poor performance. By the same token, enforcing SOP may potentially increase Earnings per shares (EPSs), Return on assets (ROA) and Return on equity (ROE), the appliance also gains profitability and efficiency, higher growth in labour yield and constructive effect on accounting statement in the following years after the binding vote. As a result of Vicente Cuà ±at, Mireia Gine, and Maria Guadalupe (2013), the shareholder value increased by 5.4 percent after Say on Pay implementation, this such high market gains were explained by the improvement of CEOs performance under shareholder pressure and the effect of better alignment of pay for performance and also the reduction of pay for failure. Those evidences are consistent with the aims of this study that say on pay is used as a value-creating governance mechanism to contribute value to firm and shareholders. According to Stephen Davis Millstein Center Fellow (2007), advisory Say on Pay votes are extensively seen as having been an influential committing factor in taming the rate of increase, reduce controversial compensation of CEO, pressure firm to increase sensitivity between compensation and performance curbing opportunities for reward for failure and tying compensation dramatically closer to performance. As we mentioned above, not every firms reported the same results on the impact of SOP. However, we do find the strong positive influence in the firm with high dissent between shareholders and directors and the firm with excessive CEOs compensation based on the managerial power viewpoint (Bertrand (2009), Frydman and Jenter (2010), Murphy (2013). As documented by Fabrizio and David A. Maber (2013), their tests were coherent with Core et al(1999) s research that the introduction of SOP was followed by positive stock price reaction, especially in the firms with controversial compensation report and those which abate penalties for poor performance. Correa and Lel (2013) also recorded a numerical decrease in CEO pay of 6.1% after implementation of Say-on-Pay regulation in a sample of countries. Moreover, by using regression analysis on large sample of UK firms, Fabrizio and David (2013) tested on some vital elements in CEO pays including bonuses, equity awards to evaluate whether the sensitivity of CEO compensation is highly adequated to performance along with economics factors before and after the regulation. In general, they concluded that even though others economic elements persist unchanged, there is still a significant rise in the sensitivity of CEO pay to poor performance in less observable elements of pay. Moreover, this finding is consistent with the result of Ertimur, Muslu, and Ferri (2011) which is the most pronounced in high dissent firms and firms maintaining excessive executive compensation before SOP, means that SOP policy does reduce the excessive performanced-base salary to create value and link the remuneration more dramatically to the performance. Various companies either removed or altered provisions that investors considered as rewards for failure such as generous severance contracts and low performance hurdles, often in response to institutional investors explicit requests. Fabrizio and David A. Maber (2013) examined this issue on high dissent(HD) firm (with 20% dissent vote) and low dissent(LD) firm (with less than 5% dissent vote) before and after the vote , the result showed that the high dissent firms reducing the notice periods of severance contracts after the first vote (80%) are likely to be higher than before the vote (20%) and also substantially higher than the low dissent firms (33.3%). Therefore, this figures suggested that say on pay is the reason of reduction of controversial compensation, besides, 70% of low dissent firms scaling down the notice period before the vote which is the evidence of elimination of dissension between shareholders and executives. Moreover, a variety of firms established a formal proces s for proactive consultation with their major shareholders going forward (Ferri and Maber, 2011). As a result, the threat of a vote was effective in inducing firms to revise CEO pay practices ahead of the annual meeting and decreasing the situation of pay for failures and the growth rate of pay. Meanwhile, they also analysed the second most influenced remuneration item which is performance-based vesting conditions in equity grants. During the following years that performance targets are not accomplished, this retesting provision is seemed to contribute for reexamining and subsequently assists for the potential pay for failure. After the research, they concluded that before the first vote, HD firms and LD firms achieved 5% and 25% respectively to reduce or remove this issue. Nonetheless, the result changed significantly after the SOP vote, HD firms agreed to shorten or abolish retesting provision with statistically 76.3%, while the LD gained 28%. Generally, several evidences support that these contractual modification are the direct repercussion of SOP regulation. Base on the top 100 companies 2016 surveys in the US, SOP is raising shareholders voices and putting more pressure on CEO in order to perform better, however, we found that shareholder doesnt empower themselves to manipulate the CEOs compensation. In fact, the number of companies adopting this policy is increasing, in 2016 there are 95 over top 100 US companies holding say on pay vote in 2016, 94 out of 95 firms held approval say-on-pay votes which is higher than 2015 and only 1 firm didnt approve which also failed in both 2014 and 2015. As being reported, 41 corporations reviewed and elected not to significantly change the compensation report, while 20 noted modification into the remuneration in response to the vote. In table 4, the Say on Pay approval rate in 2016 is relatively high with 78% receiving approval rates in excess of 90% and only 6% for-voting below 70%. This figures coordinate with data in the last 2 years 2014 and 2015, which the approval rates are comparably high. Th is finding suggests that the even shareholders have more control power in the firm, they are not likely to destroy the value or raise the unfairness and dissension through the firm. In contrast, they seem to use this policy as a friendly tool, not an aggressive regulation, to raise their voice and cut down excessive expense in compensation. Furthermore, this regulation is contributing to the competitiveness of the British economy and the attraction of London as an international capital market (Stephen Davis Millstein Center Fellow,2007). The UK Department of Trade and Industry confirmed that the votes lead to a better planning by corporations, fewer surprises, better dialogue with shareholders, and apparently, it can reduce downside risks and big scandals among quoted companies in recent years. Due to London Stock Exchange, by involving Say on Pay voting rights, London will possibly be equipped with a more competitive border in order to attract capital, comparing to New York. Last but not least, while companies are not bound by SOP advisory votes, it requires companies to disclose the vote results after the shareholders meeting. In addition, firms must report whether and how the board considers the voting results in the following year. Ferri and Maber (2013) study the market reaction in 2002 to SOP that mandates non-binding but advisory vote on the compensation report and find that firms with high dissent alter the compensation composition, thereby improving pay for performance. Moreover, in a sample of the largest UK companies from 2002 to 2006, boards reduced excess salary as well as the dilutive effect of stock option grants in response to past negative non-binding votes (Carter and Zamora,2009). Consequently, shareholders right of non-binding votes could provide a useful mechanism that addresses the potential problem of incomplete firms management, suggesting that monitoring and reward mechanism dynamics can effectively coexist between owners and firm managers, thereby improving corporate governance (Kimbro and Xu, 2016). Conclusion To conclude, we investigate the impact of the right of shareholders non-binding but advisory votes on say-on-pay. We find evidence that firms either modified or altered their compensation structures in order to win shareholders positive votes. CEOs compensation decreases in most firms while larger decreases are found in firms that overpaid their CEOs in the previous year. Similarly, affected firms linked their pay mix to more close for performance. In terms of voting itself, shareholders are not more likely to vote for executive compensation when the firm pays excessive pay for top management, or has a large increase in CEO compensation compared to previous years. Moreover, among the components of the compensation plan, shareholders are more likely to vote against the plan when they contain other compensation, such as private bonuses unrelated to performance, which have been opposed by critics of executive pay. Most importantly, SOP does not limit the level of compensation or empower shareholders to control the interests of top management. It can be seen as a friendly corporate governance tool to prevent conflicts of the issues between top management and shareholders regarding pay for performance. Additionally, this study finds that the increase in pay for performance after the implementation of SOP is larger in firms with excessive pay for CEO relative to firms with average level of pay for CEO. The evidence suggests that SOP do increase the executive compensation monitoring ability for investors who care about the long-term value of a firm but who are lack of the ability to influence executive compensation structure before SOP. By contrast to most prior studies on the impact of SOP on executive incentives and compensation, the evidence shown in this study is consistent with SOP improves rather than weakens the alignment of managerial wealth and shareholder interests in certain circumstances. References: Bainbridge S. 2006. The Case for Limited Shareholder Voting Rights. UCLA Law Review, 53: 601-636. Bainbridge, Stephen M. The Corporate Governance Provisions of Dodd-Frank. (2010). Bainbridge, Stephen M. Is Say on PayJustified?. (2009). Baird, J. and Stowasser, P. (2002) Executive compensation disclosure requirements: The German, UK, and US approaches, PracticalLaw.com, PLC Document 4-101-7960, September 23. BBC News. 2003. Glaxo defeated by shareholders. May 19. http://news.bbc.co.uk/1/hi/business/3038381.stm Bebchuk, L. (2007) Written testimony submitted before the Committee on Financial Services, United States House of Representatives, Hearing on Empowering Shareholders on Executive Compensation, March 8. Bebchuk, L., Friedman, A. T., Friedman, W. J. 2007. Empowering shareholders on executive compensation: hearing on H.R. 1257 before the H. Comm. on Fin. Ser., 110th Cong. 68: Cai J. and R. Walkling. 2007. Shareholders Say on Pay: Does It Create Value?. Working Paper, Drexel University, Philadelphia, PA. Cai J., J. Garner and R. Walkling. 2009. Electing Directors. Journal of Finance   forthcoming. Carter, M. E., Zamora, V. 2009. Shareholder remuneration votes and CEO compensation design, Work. Pap. Boston College. Cheffins B. and R. Thomas. 2001. Should shareholders have a greater say over executive pay? Learning from the US experience. Working Paper, Vanderbilt University Law School, Nashville, TN. Choi, S., J. Fisch and M. Kahan, 2009. Director Elections and the Role of Proxy Advisors. Southern California Law Review 82, 649-702. Core, J.; R. Holthausen; and D. Larcker. Corporate Governance, Chief Executive Officer Compensation,and Firm Performance. Journal of Financial Economics, 51 (1999), 371-406. Core, J., and W. Guay. The Use of Equity Grants to Manage Optimal Equity Incentive Levels. Journal of Accounting and Economics, 28 (1999), 151-184. Cuà ±at, V., Ginà ©, M. and Guadalupe, M. (2013). Say Pays! Shareholder Voice and Firm Performance. Review of Finance, 20(5), pp.1799-1834. Davis, Stephen. Does say on paywork? Lessons on making CEO compensation accountable. Policy Briefing 1 (2007). Deane, S. Say on Pay: Results from Overseas. The Corporate Board (July/August 2007), 11- 18. De Franco, G. Hope, O.K., Larocque, S. 2013. The effect of disclosure on the pay-performance relation. J. Account. Public Policy 32(5), 319-341. Del Guercio, D., L. Wallis, and T. Woidtke. 2008. Do Boards Pay Attention When Institutional Investor Activists Just Vote No? Journal of Financial Economics 90: 84-103. Deloitte, Executive Directors Remuneration (London: September 2006) Digital.shearman.com. (2017). Corp Gov Survey 2016 Corporate Governance Survey. [online] Available at: http://digital.shearman.com/i/739764-2016-corporate-governance-survey/59? [Accessed 22 Mar. 2017]. Ertimur, Yonca, Fabrizio Ferri, and David Oesch. Shareholder votes and proxy advisors: Evidence from say on pay. Journal of Accounting Research 51.5 (2013): 951-996. Ertimur, Y., F. Ferri, and V. Muslu. 2011. Shareholder Activism and CEO Pay. Review of Financial Studies 24(2): 535-592. Ferri, F., and D. Maber. Solving the Executive Compensation Problem Through Shareholder Votes? Evidence from the U.K. Working paper, Columbia University and Harvard Business School (2007). Ferri, F., Maber, M. 2013. Say on pay votes and CEO compensation: Evidence from the UK. Rev. Financ. (17), 527-563. Financial Times (1998) The fat cats keep getting fatter, August 1. Fortune.com. (2017). Surprise surprise: Say on Pay appears to be working. [online] Available at: http://fortune.com/2015/07/08/say-on-pay-ceos/ [Accessed 22 Mar. 2017]. Gordon, J., 2009. Say on Pay: Cautionary Notes on the U.K. Experience and the Case for Shareholders Opt-in. Harvard Journal on Legislation 46:323-64. Hodgson, Paul. A brief history of say on pay. Ivey Business Journal 73 (2009): 1. Kimbro, Marinilka B., and Danielle Xu. Shareholders have a say in executive compensation: Evidence from say-on-pay in the United States. Journal of Accounting and Public Policy 35.1 (2016): 19-42. Jensen, M. C., and W. H. Meckling. Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 4 (1976), 305-360. Jeffrey N. Gordon, Say on Pay: Cautionary Notes on the U.K. Experience and the Case for Shareholder Opt-in, 46 Harv. J. Legis. 323, 325 (2009) Larcker, David F., et al. Ten Myths ofSay on Pay. (2012). List25.com. (2017). Cite a Website Cite This For Me. [online] Available at: http://list25.com/25-biggest-corporate-scandals-ever/ [Accessed 22 Mar. 2017]. Magnan, Michel, and FCA Claudine Mangen. Is say on pay an effective governance tool? Analysis and recommendations. (2011). Manifest and MMK, The Executive Director Total Remuneration Survey (London: May 2007); RREV, Trends in Executive Remuneration 2006 (London: April 2007); New Bridge Street Consultants, The 2006 FTSE 100 Executive Directors Remuneration Survey (London: 2006); PIRC Corporate Governance Annual Review 2006 (London: 2006). Muller-Kahle, M. I. 2013. The impact of dominant ownership: The case of Anglo-American firms . J. Manage. Gov. 19(1), 71-89. . SEC, Securities and Exchange Commission, 2010. Concept Release No. 34-62495, available at:http://www.sec.gov/rules/concept/2010/34-62495.pdf

Baroque Art

Challenge II Baroque Art: What is it and why do we care about it? The Baroque is often thought of as a period of artistic style that used exaggerated motion and clear, easily interpreted detail to produce drama, tension, exuberance, and grandeur in sculpture, painting, architecture, and music. The style began around 1600 in Rome, Italy and spread to most of Europe. It's defined as â€Å"a style of European architecture, music, and art of the 17th and 18th centuries that followed mannerism and is characterized by ornate detail.In architecture the period is exemplified by the palace of Versailles and by the work of Bernie in Italy. Major composers include Vivaldi, Bach, and Handel; Carving and Rueben are important baroque artists. † (Being Dictionary) However, the word â€Å"baroque† seems to have a slight negative connotation-the original translations of this word include Italian for â€Å"tortuous medieval pedantry' and Portuguese for â€Å"deformed pearl. In other a ccounts, Baroque is associated with strange, bizarre, and spectacle. This is probably because of the art side of the baroque period: controversial artists such as Peter Paul Rueben captured voluptuous women on canvas in The Rape of Lucrative and The Rape of the Daughters of Leucosis, and Giant Lorenz Bernie in The Ecstasy of Saint Teresa. So why is all this this important to us? Well, despite being a bit provoking and over-extravagant, the baroque period was also beneficial.In addition to producing the earliest European music familiar to most of us, including Bachelor's Canon and Vivaldi The Four Seasons, the baroque era also greatly expanded our horizons. The acceptance of Copernicus 16th century theory that the planets didn't evolve around the earth made the universe a much larger place, while Galileo work helped us get better acquainted with the cosmos.The philosophical aspect of the baroque makes it important; and the vestiges of the era are still heard today in music- some of t he most influential and beloved compositions are regularly performed in concert halls, and snippets of Bach and Vivaldi frequently appear in the solos of heavy metal guitarists. Having long since shed its derogatory connotations, â€Å"baroque† is now simply a convenient catch-all for one of the richest and most diverse periods in music and art history. Baroque Art By perpendicular

The Confidential Secrets of Writing Help

The Confidential Secrets of Writing Help The Lost Secret of Writing Help The biggest type of motivation occurs when you observe the way that your songs get better and better. You most likely already know that one of the principal keys to getting a specific job is writing the resume which will force you to stick out from everyone else, to the point at which an employer will choose to hire you. In fact, it's an outstanding training for individuals wishing to supercharge their writing abilities. There are plenty of avenues you may turn to for the type of assistance you will need. Typically letter writing is quite direct. Without regard to the topic of your academic paper, an expert writer can help you make a superb academic document. If you need assistance with essay writing, we are among the best companies to rely on. Apparently, there are scores of books in any particular bookstore for you to select from that could provide effective resume writing help. A writer should be more alert regarding the obstacles that could block the reader from understanding the articles. Every writer can enhance their writing. Without regard to the topic of a person's instructional paper, an expert writer will be in a position to aid you to come up with an excellent academic document. An academic writer must be research oriented and analytic in their approach. Whatever your pick of book medium, the important point is to make certain your book is easily available. Before you commence writing you will need to determine what is going to be the principal subject of your story. Whichever way you decide on, when the book is ready, it is preferable to have it proofread initially by some of your pals and by a professional editor. Define the overall quantity of content that you wish to create and when you would want to complete your book. The Fundamentals of Writing Help Revealed If you should click the help menu with that screen, a context-sensitive sy stem would display help topics according to your existing place, in a try to prevent the time and effort necessary to start from a major menu and navigate from that point. You've got an opportunity to chat with our writers on your own personal purchase page if you desire to, that way you are able to pass across vital information and get an update on the development of your purchase. Placing an order on the website is something that you can do on your own because it is quite easy. At a first glance, you'll see the rather strange site design. Writing Help - Overview Writing your business plan will make it possible for you to plan your organization in a structured format. Between online writing groups and useful tools and resources for writers, it is possible to find all you will need to motivate and motivate you to finish writing the book you've been planning for decades. Story writing help for beginners can be seen on the world wide web or in books. It's simple to find help wi th each component of writing. The writing that operates in 1 setting doesn't work at all in another. If you have not ever place a Business Plan together, you don't need to struggle on your own since there is tons of support out there to assist you compose a blockbuster of a Plan. There are lots of resources which can aid in improving your writing. Define Your Goals There are goals that you have to define for writing a book, which might include what you would like to write and wherever your interests lie. With all these businesses competing for success online, quality content writing has come to be a must. Content writers may also strive to compose engaging sales copy in an endeavor to sell products or services to internet customers. There are a number of unique workshops to fulfill your specific writing needs. The business you hire to compose your plan has to be conversant with the correct small business planning strategies and experienced in writing immigration business plans. You might even be interested in taking advantage of a resume writing service which may supply you with a quality resume which will help you better your odds of getting work. Every student wants a guarantee why they should rely on a specific company for help. Whether you're writing a speech for an award you should receive or it's a speech for a wedding you are going to attend. The writing centre will be to be able to help pupils who have any part of the composing procedure, and also another type of composing. Tell your coach what you expect of the procedure and allow them to know whether any component of your working relationship isn't meeting your needs open communication is necessary for a productive coaching approach. Finding ou t the way you can write very properly is really merely a skill that may be applied to an immense assortment of subjects. Many kinds of writing require various methods. Fantastic writing skills are important for effective communication. It is quite easy to use our writing help as we don't ask you for any information apart from requirements for the undertaking and contact details. The majority of the books out there have excellent strategies and advice that is going to be rather useful your resume development efforts.

A Brief Look at the Industrial Revolution - 1130 Words

The Industrial Revolution began in 19th century England and eventually spread to Belgium, France, Germany, the United States and Japan. It was a fundamental change in the way goods were produced, due to the Agrarian Revolution and new technology; it altered the way people lived. The Industrial Revolution, a major turning point in world history, began in England because of the important pre existing economic abundance of natural resources that fueled industry, the agricultural revolution which provided the availability of workers by lessening the need for farmers, and the technological innovations made in England. The mixture of new technology and already existing resources that benefited the economy gave rise to the revolution having its start in England. The Agricultural or Agrarian Revolution is just one aspect of the start of the Industrial Revolution in England. It was a period where farming turned into a new, improved industry with the inventions and techniques that reduced the amount of labor needed for food production. For example, Jethro Tull invented the horse-drawn seed drill that planted seeds in a straight row; stock breeding by Robert Blakewell improved quality of animals to produce more meat, milk, and wool; and the addition of the mechanical reaper by Cyrus McCormick made grain harvesting easier [Document # 7]. Even Arthur Young, a campaigner for the improvement of agricultural worker conditions, believes that the Enclosure Acts along with the introduction ofShow MoreRelatedSecond Industrial Revolution1000 Words   |  4 PagesSecond US Industrial Revolution, 1870 -1910 Darris Adkins Abstract In this brief paper, a description of two developments of industrialization that positively affected the United States and two developments that negatively affected the United States will be discussed. An analysis of whether or not industrialization was generally beneficial or detrimental to the lives of Americans and the history of the United States will be outlined. Second US Industrial Revolution, 1870 -1910 In this briefRead MoreImpact Of The Industrial Revolution On Capitalism And The Contemporary Society Essay1625 Words   |  7 PagesThe impact of the Industrial Revolution on Capitalism and the Contemporary Society, When looking into the past during the Industrial Revolution, there were many cause and effect events that occurred, the Industrial Revolution changed the lives of many, these changes in society were caused by the innovations of the time period, and the need for a more productive environment. There was a movement from an agricultural society to a manufacturing society; these changes affected the family’s abilityRead MoreIndustrialization During The Industrial Revolution1577 Words   |  7 PagesIndustrialization – ever changing the face and heartbeat of our society and the world in which we live – since the Industrial Revolution began in Britain (from 1760 until sometime between 1820 and 1840). The improvement of business acquisitions and evolution of trade were essential to the Industrial Revolution. Most of the British population lived in the countryside, in small villages, and interacted closely within their family unit and work. Industrialization, however , drastically altered theRead MoreEssay on Women in the Second Industrial Revolution1055 Words   |  5 PagesSecond Industrial Revolution The Second Industrial Revolution had a major impact on womens lives. After being controlled fro so long women were experiencing what it was like to live an independent life. In the late nineteenth century women were participating in a variety of experiences, such as social disabilities confronted by all women, new employment patterns, and working class poverty and prostitution. These experiences will show how women were perceived in the Second Industrial RevolutionRead MoreThe Unprecedented Success Of Revolution1594 Words   |  7 PagesCivilization HU-103 May 7, 2017 The Unprecedented Success of Revolution No one has ever changed the world by doing what the world has told them to do. In fact, many of our recent inventions, rights, political systems, and comforts have come into existence through the sweats and tears of revolution, an often chaotic and transformative event that attempts to change a nation, society, or world. And though it can be argued that revolution results in the bloodshed of masses, it is imperative to understandRead More1. The Citation Is:. Indusrial Revolution Overview. Youtube.1456 Words   |  6 PagesThe citation is: Indusrial Revolution Overview. Youtube. N.p., 18 Nov. 2011. Web. 1 Mar. 2017. . The video is about the Industrial Revolution time period. 2. This video was found in the chapter 20 video selection at the bottom of the study guide. 3. What is the geographic setting and historical time period? The setting took place in European countries, such as England as well as in North America during the eighteenth and nineteenth century. The Industrial Revolution immensely changed societyRead MoreThe Hungry Workshop, By Graphic Designers, Simon And Jenna Hipgrave1731 Words   |  7 Pagesthree sectors. The first is providing letterpress printing as a service, the second is design projects for clients on projects such as branding, packaging and invitations, and the third is self initiated studio projects such as fulfilling their own brief, working on collaborative works, or curate exhibitions. With each project that is completed, the studio maintains key values that underline the process that include ‘hold(ing) in equal regard the process and craftsmanship’ while ‘exploring the boundariesRead MoreInflation Is The Rise Of Priced Goods And The Fall Of Value Of Money989 Words   |  4 Pages Economists look for the decrease of it. Question 2: In the video, â€Å"Hans Rosling’s 200 Countries, 200 years†¦Ã¢â‚¬ , the authors of the video describe how factors affect world economic growth. In 1810, Hans Rosling describes how most countries were poor and sick. Many did not live to be 40 years old. The richest countries during this time were the Netherlands and the United Kingdom. These two countries were still pretty poor although they were considered rich. The Industrial Revolution allowed countriesRead MoreWhat Is Valuating The Unusual?993 Words   |  4 Pageseach other, especially in the economy of the United States. The industrial practices create expansionism, which leads to having a greater availability of products and business competition. Since the birth of the Industrial Revolution, Americans have strived to be more and more productive by creating policies that allow then to implement the best practices to innovate. The success of American movements like the Industrial Revolution and earlier movements lay not in the goods they produced, but theRead MoreEssay on Industrial Revolution1313 Words   |  6 PagesQuestion 1) What was the industrial revolution? When did it occur? How did industrialisation lead to the creation of the design profession? How was the industrial manufacturing of making products new and what role did the designer play in creating new products? The Industrial Revolution, which took place from the 18th to 19th centuries, was a period during which rural societies in Europe and America became industrial and urban. (www.history.com 2013-08-22) Prior to this the manufacture of