Theories of Growth, Loss and Stress

Theories of Growth, Loss and Stress Theories are used to explain the characteristics and circumstances of individual. Theories look at human growth and development; managing loss and change; managing stress and behaviour Psychoanalytical Theory This approach looks at the underlying unconscious processes in individuals. Ideas developed by Sigmund Freud. Sigmund Freud he stated the belief that the child is born with basic animal instincts that operate at the unconscious level of thought. These instincts require immediate gratification. Development depends in part on transforming these animal needs into socially acceptable, rational behaviour. The range of potential behaviour is very broad at birth and then becomes increasingly reduced in scope, fixed in form and shaped to conform to social norms (Boundless, 2017). Eriksons Psychosocial Theory Eriksons theory is based on the psychoanalytic approach to human development, founded by Sigmund Freud. Erikson believed that the process of socializing the child into a given culture occurs as the person passes through eight innately determined, sequential stages. Although he recognized the individuals instinctual drives, Erikson emphasized the childs interaction with the environment (Erikson, 1959). For Erikson, the events of later childhood can undo the personality foundations built earlier in life (Boundless, 2017). Behaviourist theory This is used to describe human behaviour. The concept is that all human behaviour can be understood as a result of learning. There are two types of learning; Classical conditioning; inducing a natural reflex response to a stimulus and Operant conditioning: using reward and punishment to modify behaviour (McLeod, 2017).   Behaviourism helps to modify behaviour by using operant conditioning. E.g. if a client does something wrong, they should be told of so that they do not repeat their wrong doings. At the same time we offer some rewards for good behaviour to reinforce those behaviours. Humanistic Theory This theory tries to understand human development according to how the self develops. Sense of self in terms of self-concepts, and self-esteem is developed right from childhood. Self-concept is about how we see ourselves.eg(female, tall, brown-eyed, skills and competences, being kind, shy outgoing, lively, thoughtful, honest etc., fire fighter, doctor, brother sister etc. Self-esteem refers to how we fell about ourselves. How much value we give to ourselves and how lovable and likeable we believe ourselves to be. The self-esteem can be shattered depending on how individuals are treated. If discriminated against, ridiculed, neglected criticised, individuals will develop a low self-esteem (AQA,2017). Nature This account of behaviour and personality development focuses on what we are born with. This include characteristics like Left-handedness, intelligence, susceptibility to certain illnesses, temperament (shy, withdrawn, or outgoing and confident). Nurture Refers to all that happens within the environment. It involves the way someone is brought up and the way they are treated by parents, teachers and peers. All these influence behaviour and development and goes towards building a personality.Piagets Cognitive-Developmental Theory Cognitive theory: is involved with aspects on an individuals cognitive processes that are involved with learning, thinking, knowing about, reflecting on, and understanding the world. It involves the study of our thinking, memory, intelligence, perception, problem solving and reasoning. Piaget described that in different stages of a person life they would develop skills in reasoning and comprehension. The stages he compiled are as follows (Learning-theories, 2017); a. Sensorimotor development (0-2 years). As an infant the person exercises rudimentary sensory (seeing touch, hearing, tasting, smelling) and motor (kicking, punching, moving around, hitting objects) awareness and functions almost exclusively by means of reflexive responses. The child cannot think abstractly. b. Preoperational thought (2-7 years). The person is now a child and demonstrates an increase in language abilities and concepts become more elaborate. However, the child can only view the world from its own perspective. Their intellectual state is immature. c. Concrete operations (7-11 years). As an older child the ability to consider the viewpoints of others and understand relational concepts is evident. However, the child cannot will struggle to solve problems of an abstract nature (Learning-theories.com, 2017). d. Formal operations (11-15). Now an adolescent the person is able to demonstrate abstract thinking and scientific problem-solving strategies emerge. This theory informs health and social care professionals to understand the level of thinking of individuals with learning difficulties who may have a lower mental age   in relation to their physical aid. Appropriate communication techniques are required to reach out to them. Managing loss and change Change management is a basic skill in which most leaders and managers need to be competent. This theory looks at the basic principles of change management, and how to apply them People react differently to change when it occurs because of differences in our personality and our inner conflicts as proposed by Erikson in his theory of psychosocial development. Change often involves a loss, and people go through the loss curve. Expectations need to be managed realistically. Fears have to be dealt with by giving people honest information and also to be opened about the facts (North West NHS Academy, 2017). Avoid speculation and meet their unrealistic expectations. Major changes in our lives may have a positive impact depending on the ways of coping. On the other hand, major change in our lives can lead to stress and loss of self-confidence depending on our abilities to cope with them. Managing stress and behaviour From the biological point of view, stress causes the release of adrenalin and noradrenalin and cortisol (hormones). Adrenalin and noradrenalin make us feel agitated and uncomfortable, while prolonged secretion of cortisol is associated with depression. However 2 people can be exposed to the same stressful event and react differently. This can be explained by the cognitive approach. For example if a negative event happens, the stress response if mild for someone whose thoughts are along the lines of positive thinking. For example if they think it is an opportunity or a challenge, rather than a threat. The stress response will be severe for someone who thinks that this is the end of the line (Schneiderman et Al, 2017). Choice and Interaction This focus on the belief that people can take control of their own lives base on the choices they make. Nonetheless, others believe that everything in life is fixed by nature and nurture. In most cases, people believe that human life course involves an interaction of nature, nurture and the decisions and choices we make. For instance, if performing prayers (5) times daily is part of your environment, your genes may make you urge to do your prayers. However your choice and interaction depends on your reaction (Pearson Education, 2017). Health care professionals need to know these theories in order to understand different personalities and understanding of how individuals may react differently to life situations. References   AQA. (2017). The Humanistic Approach | AQA B Psychology. [online] Available at: http://aqabpsychology.co.uk/2010/07/the-humanistic-approach/ [Accessed 4 Feb. 2017]. Boundless. (2017). Freudian Psychoanalytic Theory of Personality. [online] Available at: https://www.boundless.com/psychology/textbooks/boundless-psychology-textbook/personality-16/psychodynamic-perspectives-on-personality-77/freudian-psychoanalytic-theory-of-personality-304-12839/ [Accessed 4 Feb. 2017]. Development through the life stages. (2017). 1st ed. [ebook] London: Pearson Education. Available at: http://www.pearsonschoolsandfecolleges.co.uk/AssetsLibrary/SECTORS/Trade/Sample%20pages%20(for%20Ed%20Supplier%20sites)/Newsamplecontentfor2010/BTECNationalHealthandSocialCare-SampleStudentBookMaterial.pdf [Accessed 4 Feb. 2017]. Erikson, E. H. (1959) Identity and the Life Cycle. New York: International Universities Press. Learning-theories.com. (2017). STAGE THEORY OF COGNITIVE DEVELOPMENT (PIAGET). [online] Available at: https://www.learning-theories.com/piagets-stage-theory-of-cognitive-development.html [Accessed 4 Feb. 2017]. Managing Change Five Basic Principles. (2017). 1st ed. [ebook] NHS North West Leadership Academy. Available at: http://www.nwacademy.nhs.uk/sites/default/files/0f_1722011_managing_change_5_basic_principles.pdf [Accessed 4 Feb. 2017]. McLeod, S. (2017). Behaviorism | Simply Psychology. [online] Simplypsychology.org. Available at: http://www.simplypsychology.org/behaviorism.html [Accessed 4 Feb. 2017]. Schneiderman, N., Ironson, G. and D. Siegel, S. (2017). STRESS AND HEALTH: Psychological, Behavioral, and Biological Determinants. Annual Review of Clinical Psychology, 1, pp.607-628.

Marriott Corp: the Cost of Capital

To : President, Marriott Corporation From : FLO299 Subject : Marriott Corporation – The Cost of Capital Date : April 6, 2010 The Importance of the Cost of Capital The cost of capital is important as it forms the basis for Marriott’s investing and financial decisions. By understanding and knowing the cost of capital, Marriott is able to select relevant investment projects for the company, determine incentive compensation, and repurchase undervalued shares when needed. The returns of a project were found by discounting the appropriate cash flows against the appropriate hurdle rates. Without knowing the cost of capital, Marriott would not be able to determine hurdle rates that would help Marriott’s growth. Also, knowing the cost of debt would allow Marriott to optimize the use of debt in the company’s capital structure. Knowing the hurdle rates on a divisional level would also enable Marriott to reward their managers using incentive compensation. By using hurdle rates, Marriott managers would be â€Å"more sensitive to Marriott’s financial strategy and capital market conditions† and would give the company a more accountable method of rewarding their employees. Lastly, Marriott’s method of calculating a â€Å"warranted equity value† for its common shares required knowing the company’s equity cost of capital. A share price that was below the â€Å"warranted equity value† signaled to Marriott when the company needed to step in to repurchase its stock as the company believed that repurchases of shares were a better use of Marriott’s cash flow and debt capacity than acquisitions or owning real estate. Computing Marriott’s WACC The cost-of-capital was computed both divisionally and overall for the company. It required using the formula WACC = (1-t_)RD(D/V) + RE(E/V). D and E are the market values of the debt and equity respectively and V (market value) = D+E. RD and RE are the pretax cost of debt and cost of equity respectively and t is the corporate tax rate. The Numbers Used in Marriott’s WACC A 34% tax rate rate will be assumed for simplicity's sake so more effort can be focused on other issues . The above WACC calculation uses market value of debt. Cost of debt can be observed directly by calculating the yield to maturity of outstanding bonds, but since the bond market is not very transparent and we know Marriott's unsecured debt is A-rated, the company can expect to pay a spread above some base rate. Which index to use should be determined by project life, and as lodging is based on a long term business model, a 30-year treasury bond is appropriate. In this case, the base is 8. 95% according to Tabe B and the spread for the overall company is 130 basis points according to Table A. Also found in Table A, Marriott set a target of the debt percentage in its capital structure to be 60% for the overall company. Because there is no way of directly observing the return that equity investors require, we rely on a couple of methods to estimate it. A dividend growth model can be used, and although simply to use, this approach assumes steady dividend growth. This approach also does not directly adjust for the riskiness of a project. An alternative approach is to use CAPM, which does not rely on dividend growth and does take both the market risk premium and systematic risk into consideration. Using CAPM to estimate the cost of equity we use the following formula: _E(R)=Rf+ {draw:frame} *MRP_. Rf is the same risk-free base rate used to calculate cost of debt, in this case, 8. 95% from Table A. The {draw:frame} is obtained from regression using market data and therefore is affected by leverage. To adjust for this, the B is unlevered and then relevered so that it is the B for business risk only, independent of capital structure. With due consideration given to each input, Appendix A is a computation of Marriott's WACC, 11. 87%, which is also the required rate of return for the company overall. The Use of Marriott’s WACC in Divisional Decisions Marriott can use the computed WACC to support its stock repurchasing decisions because it allows the equity cash flows to be discounted at a company level rate. But because each cost of capital input could differ amongst its divisions, the cost of capital varies across each. If Marriott used the above calculated WACC for all divisional decisions, it would cause the company to take on riskier projects, projects that once risk adjusted would likely cause the company to lose money in the long run. A better approach would be to use individual {draw:frame} for each project with CAPM to calculate the WACC for each project and compare it to IRR. Determining Divisional WACC To estimate the WACC for each division, we need their corresponding {draw:frame} . To do this we use comparable companies for each division; this is because we cannot run regressions at the divisional level as that information is not available. For the lodging division, we compare other hotel companies, for the restaurant division, we compare other restaurants, and for the contract services division we use the identity: {draw:frame} M=WL* {draw:frame} L+WR {draw:frame} R+WCS {draw:frame} CS. The identifiable assets in Exhibit 2 will be used to compute the weights of each division. Once again, because the information is actual market numbers, {draw:frame} E is affected by leverage and must be unlevered by multiplying it by 1 – market leverage. This results in {draw:frame} A which is business risk, independent of capital structure. Asset risk is the only thing that is comparable across firms. Within each divisional comparison to comparable companies, weighted average of {draw:frame} A is used as smaller companies have less impact on the overall segment. These numbers are shown in Exhibit 3. The WACC for each division is found in Appendix B to D. Differences in WACC Appendix A: Marriott’s Overall WACC Calculation Appendix B: Marriott’s WACC for Lodging Appendix C: Marriott’s WACC for Restaurants Appendix D: Marriott’s WACC for Contract Services Identifiable lodging assets = 2777. 4 WL = 60. 61% {draw:frame} L = . 57 Identifiable restaurant assets = 567. 6 WR = 12. 39% {draw:frame} R = . 75 Identifiable contract services assets = 1237. 7 WCS= 27. 00% {draw:frame} CS = solve for this below {draw:frame} M=WL* {draw:frame} L+WR {draw:frame} R+WCS {draw:frame} CS 0. 57 = . 6061*0. 42 + . 12390. 75 + . 2700 {draw:frame} CS {draw:frame} CS = 0. 57

What You Dont Know About Buy Essay Online

What You Don't Know About Buy Essay Online What Buy Essay Online Is - and What it Is Not Using our service is the sole approach to be successful in your study. When you purchase college paper online, PayPal is thought to be among the handiest payment procedures. With the absolutely free revision option supplied for all the clients, you can have your paper revised and improved at zero price tag. Knowing the legality of the organization you're purchasing the sample paper is paramount. The results of a purchases paper on the internet can demonstrate the importance of relying on experts for such support. The key thing here is that we're honest and sincere with our clients. The Most Popular Buy Essay Online College paper writing is significant since many assignments can impact your grade in a large way. Our writers concentrate on writing unique papers instead of copy pasting content from various websites and cumulating them, which is what the majority of students that fail do. Students ought to be careful whenever they are searching for college papers to buy since not all writing organizations are genuine. The essay contest will help to pick the best students from the selection of the very best! The samples we've got on our site can help in the assortment of the greatest research paper topics for college students. However many essays you've completed before, when you purchase college paper services from us, you are going to be astounded at the quality you get. There are a lot of online writing services you'll be able to turn to, however, we advise you to obtain affordable college papers from us. If you are concerned about submitting flawless college papers in time or you fear you aren't a fantastic enough writer to make brilliant papers, then there's no need to receive depressed or stressed out! The One Thing to Do for Buy Essay Online It's simple to figure out to what degree your paper is likely to cost. To pass a course you've got to compose a term paper exploring the subject of your selection. If you've made the choice to purchase college paper, trust us with the work, and you'll be back for more! The college paper for sale that you chance to purchase is going to be a masterpiece of logic and thought and it's a significant illustration of what is possible once you get assistance from an exceptional master. Writers Per Hour is the ideal place to obtain any type of custom writing element that is needed at college level. Being a writer is a rather intriguing job. He will complete the content, and our editing team will make sure it's perfect before you get it. Choosing online essay writers isn't a nightmare anymore. What to Do About Buy Essay Online Before It's Too Late When looking for writing services, you ought to be searching for a personal essay helper. There's no such thing as an ideal essay. Before you commence writing an essay, look closely at the next questions. Join the club of folks who know what a true custom made essay free of plagiarism is. If you wish to acquire such essay, buy a college paper on the site. You're able to buy essays at this time on our site. Because of faulty referencing, it is extremely probable you will wind up with plagiarised paper. If you've got an already written paper or only a draft, we'll allow you to compose a perfect essay and receive the maximum grade. The Chronicles of Buy Essay Online You could be thinking about why college students would decide to purchase college papers online when they can do it independently. If you get college papers on our site, we guarantee you'll be fully happy. If you wish to buy college papers cheap, consider companies that are a newcomer to the marketplace. It is very important to think about buying college papers online instead of doing it by yourself. Choose our team that will help you write high high quality papers which are free from plagiarism. So, even when you require an urgent customized term paper, you're get it ASAP! Don't be worried if the paper you received doesn't meet all your expectations. Finding a paper written at an affordable cost shouldn't be the sole element to compare.

Cardiovascular Disease And Lifestyle - 852 Words

Cardiovascular Disease and Lifestyle Part One: There are multiple factors that lead to the development cardiovascular disease. While some individuals are born with conditions that predispose them to strokes or heart disease, a majority of people participate in a combination of risk factors that lead to the development of cardiovascular disease. A few of those risk factors include a lack of physical activity, smoking, and poor diet. The more frequently individuals expose themselves to these risk factors the higher their chances of developing cardiovascular disease. Many of the risk factors for cardiovascular disease cause problems because they lead to atherosclerosis. Atherosclerosis is the narrowing and thickening of arteries and develops for years without causing symptoms. It can happen in any part of the body. Around the heart, it is known as coronary artery disease, in the legs it is known as peripheral arterial disease. The narrowing and thickening of the arteries is due to the deposition of fatty material, cholesterol and other substances in the walls of blood vessels. The deposits are known as plaques. The rupture of a plaque can lead to stroke or a heart attack. (World Heart Federation). Heart disease is the number on killer in the United States. Nearly 787,000 people in the U.S. died from heart disease, stroke and other cardiovascular diseases in 2011. That’s about one of every three deaths in America. About 2,150 Americans die each day from these diseases.Show MoreRelatedLifestyle Choices Can Help Prevent Or Control Cardiovascular Disease1184 Words   |  5 PagesTah Xiong Nutrition 10 2 October 2014 Lifestyle Choices Can Help Prevent or Control Cardiovascular Disease Just as people begin to think it is okay to live life without having to go through any health risks, their concern should now raise questions as to if it really is okay to live life without realizing that there are health risks that should be taken into consideration. The consideration should begin with a person’s evaluation on how their health and well being is and what they do on a dailyRead MoreCardiovascular Disease Is The Number One Killer1696 Words   |  7 PagesCardiovascular disease is the number one killer in the United States, causing about 610,000 deaths yearly (Center for Disease Control and Prevention, 2015). Cardiovascular disease is defined as a group of disorders damaging the heart and blood vessels, usually involving the blockage of vessels, which in turn harm the heart (WHO, 2015). A 2011 American Heart Association statement predicted that without intervention, 40% of United States adults will have at least one form of Cardiovascular diseaseRead MoreCar diovascular Disease : A Heart Failure, Arrhythmia And Mitral Valve1071 Words   |  5 PagesWith the increased consumption of fast-food and poor lifestyle choices, we have become an increasingly obese nation. For this reason, diseases such as cardiovascular disease have been on the rise. Cardiovascular disease is the combined term for a number of diseases concerning the heart and the blood vessels. Many of these life threatening diseases are related to a condition called atherosclerosis. The condition creates plaque build-up on the walls of the blood vessels. The plaque effects the flowRead MoreLinks Between Diabetes and Cardiovascular Disease1303 Words   |  5 PagesIntroduction Type-2 Diabetes mellitus (T2DM) is a common disease worldwide. According to the American Diabetes association (ADA), 1808 million people in the United States have been diagnosed with diabetes, and another 7 million are thought to have the disease but have not been diagnosed. (Hilaire, Woods, 2013). This disease has impacted everyone in some way. It is a controllable disease; however many individuals choose not to control it or are uneducated on how to control it. Many people with typeRead MoreOklahoma State Department Of Health1233 Words   |  5 PagesOklahoma’s leading cause of death is cardiovascular disease. Overall, Oklahoma ranks number 48 in having the highest amount of cardiovascular disease-related deaths. We are the third worst in the nation, only being beat by Alabama and Mississippi. (Americas Health Rankings, Oklahoma State Data, 2014) In 2013, Oklahoma had a total of 9,703 deaths from cardiovascular disease. Heart disease accounts for 29.6% of all deaths in Okl ahoma. Overall, out of every 100,000 people who die in Oklahoma, 252 ofRead MoreCardiovascular Disease : A Global Health Challenge That Has Affected Developed And Developing Countries Alike794 Words   |  4 Pages Cardiovascular disease is a global health challenge that has affected developed and developing countries alike. It is the leading cause of mortality globally (WHO, 2014) and in the United States (CDC, 2014). It used to be prevalent in developed countries, however, changes in behavior and lifestyle patterns in developing countries has also caused an increase in the incidence of cardiovascular disease. This is referred to by Walley Wright (2010) as the epidemiologic transition. Cardiovascular diseasesRead MoreCohort Follow-u`Studies: Cardiovascular Disease1291 Words   |  5 PagesCohort Follow-up Studies – Cardiovascular Disease: Cardiovascular disease is the major cause of death and mortality across the globe, especially because of its increase in low and middle income countries. The disease is commonly referred to as heart disease since it’s a group of diseases that involve the heart, blood vessels or both. Generally, the disease involves abnormal functioning of the heart of blood vessels, which increases the risk of heart failure, heart attack, cardiac rhythm issuesRead MoreCardiovascular Disease Essay1716 Words   |  7 PagesIn todays world, there is a rise in the US population adopting unhealthy lifestyles that lead to cardiovascular disease (CVD).1, 2 Stroke and coronary heart disease are the two leading health conditions and leading cause of death in established countries. However, these two types of cardiovascular disease have identifiable risk factors that can be modified to reduce the risk of developing CVD.3 Additionally, due to an increase in the prevalence of obesity, primary prevent ion for CVD is catchingRead MoreThe Heart And Stroke Diseases1347 Words   |  6 Pages Heart and stroke diseases are claimed to be caused by unhealthy behavioural habits, however research evidence has shown that the actually causes of heart and stroke diseases are contributed to low income. The usual or traditional professional explanations for the cause of heart and stroke that were stated in the articles and on the heart and stroke foundation website were said to be contributed to biomedical and lifestyle factors such as blood pressure, cholesterol levels, being inactive, eatingRead MoreEssay on Major Risk Factors for Heart Disease913 Words   |  4 PagesWith heart disease and its risk factors affecting a large majority of the human population (WHO 2012) it is imperative to raise awareness of daily physical activity and the preventative and manageable benefits it reaps against heart disease (Bassuk Manson 2009). Over the past five decades a great deal of data has been collect ed portraying evidence of the inverse relationship between a sedentary lifestyle and an increased risk of cardiovascular disease (Archer Blair 2011). Some examples of common