Tuesday, December 31, 2019

Financial Analysis Xacc280 Final Project - 1784 Words

Financial Analysis/ Final Project XACC/280 Eden Lord Financial Analysis, Final Project Based upon my knowledge learned on financial reporting, I had compared to companies reporting statistics. The two companies in comparison are PepsiCo Incorperated and The Coca-Cola Company in which both have reported annual statistics for 2004 and 2005. During my comparison of net incomes, gross expenses, stock statistics, and assets accumulations, I have suggested some strategies for each business to take into consideration for better future results. As an accountant in training, I will be giving specific details of my analysis and recommendations, as these are my opinions for financial success. As an investor both of these companies are up for†¦show more content†¦Increase in assets is a positive successful outcome; however, an increase in liabilities is not a positive unless the company has expanded or upgraded. Regardless, that the assets grew the liabilities increased they are still under asset accumulation but not leaving much net profit, and the liabilities gained too much too fast without explanation. Not a positive for investors and stockholders because liabilities are priority before net is to be paid to council. Investors and creditors will want to see the increases in the assets and net profits but in return do not want to see the liabilities rise. Of course, liabilities will be expected to increase at one point or another but a 39% increase in just one physical year is not a good business move without proper acknowledgement of the plan in place or reasoning of actions. Much documented short-term liabilities are listed or as other with no detail, as the financial advisor I would definitely be asking more questions or proof of liabilities. PepsiCo’s revenue has increased dramatically per prior year stated about five thousand higher. Price of stock is $2.39 @ 1,782 shares in which is higher according to shares compared to the industry market however. Price dropped in the prior year, not significantly but for the revenue increase; this is not good for investors or for future investment opportunities. Continuing operations revenue has decreased slightly; exploring this avenue could result in larger net revenue for future

Monday, December 23, 2019

Fitness Plan For A Leisure Wellness Plan - 1631 Words

Introduction As counselors we are required to take care of one’s mental health and wellness. We have holistic, nurturing and client- centered training. In doing so many counselors help their clients out by making a Leisure wellness plan. This plan is something that a client or individual can follow to keep themselves healthy and active. A Leisure plan is something that makes you help yourself feel better emotionally, mentally and physically. As stated by Elizabeth Venart a private practitioner (2011), â€Å" The Importance of self-care is overtly discussed and modeled by faculty, and the curriculum of each course includes an emphasis on self-assessment and reflection as well as the development and implementation of concrete wellness plans and practices†(p.47). Leisure is seen as relaxing but at the same time working to take care of yourself to create the best version of you. Why do we need Wellness and Leisure? Keeping well is required for counselors and health care workers. Being in such a stressful field means that one must maintain a healthy and well lifestyle. Assessing one’s self-care not only helps the counselor grow as an individual it helps them see difficulties in others. One’s thinking could be clouded and faced with stress due to lack of self-care. If a client doesn’t treat themselves right it’s going be more difficult for them to move on from their current issue. By staying strong and keeping active makes your mind and body feel at ease and causes less tension. ByShow MoreRelatedNorth Texas Associates Fitness Center Essay965 Words   |  4 PagesNorth Texas Associates Fitness Center Our team business idea is to develop a top-notch fitness venue. We will name it, North Texas Associates Fitness Center (NTAFC). The purpose of The North Texas Associates Fitness Center is to provide the community with an established health and fitness center that will be used for leisure time, promoting health, wellness, and exercise. While providing memberships to the community. This facility will provide a variety of fitness machines that are self-applicableRead MoreAnalysis Of Definebody Products, Its Market, And A Successful Interview With Charles El Moussa Essay1500 Words   |  6 PagesMoussa, a Definebody staffmember, Better Business Consultants created a report with suggestions and strategies on how to carry out the future of the of Definebody products and new ideas on how to grow the franchise, new technologies, and new trends in fitness. It s a puzzling scenario for sure, but the simple explanation is that businesses succeeding in marketing are those with a clear, undeniable perspective...or in other words, a strong brand. Company Analysis Summary Definebody healthy market consistsRead MoreOur First Five Adventure And Fitness1797 Words   |  8 PagesOur First Five Adventure and Fitness Picks Matava Resort and Bamboo Adventure Spa is our first choice in the adventure and fitness category from around the World. 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He does not recognize this as a health problem and does not want to quit. Everyone is up to date with vaccinations and sees their physician as needed. They have good healthRea d MoreThe Effects Of Occupational Therapy On The Health Of Individuals1422 Words   |  6 Pagesfunctioning of that client. The client–provider partnership supports shared decision making from the time the individual first engages in services, through developing intervention plans, and in all other aspects of the therapeutic process. A primary goal of the recovery model is to facilitate resiliency, health, and wellness in the community of the individual’s choice, rather than to manage symptoms. (6) Occupational Therapist in Mental Health assess which occupations are most meaningful to their clients

Sunday, December 15, 2019

Engage In Personal Development In Health And Social Care Free Essays

string(99) " I think my actions were a little too defensive and I didn’t put his feelings before my own\." Research two different reflective models. Examples are Gibbs, Kola and Christopher Johns. Briefly describe and compare them. We will write a custom essay sample on Engage In Personal Development In Health And Social Care or any similar topic only for you Order Now Looked at all three reflective models and chose to describe Johns and Kola. The Johns model is very in-depth and seems to target a wider area of thought and contemplation. It would also be a good tool to discuss with another more senior member of staff, who would have their own emotional response to each situation, therefore giving you a slightly different outcome. This would be ideal when paving supervision or discussing an incident in an objective manner. The start Of the model really gets into the way in which you are feeling and this can dramatically change the outcome of the reflection that is taking place. I think that this is a type of grounding, a way of getting into the present moment and making you more mindful of the situation in hand. This is different from the Kola model because you have to look at yourself first, which is very beneficial. The Gibbs model is slightly less descriptive and a little shorter but it still offers a way of transforming information into knowledge, which is needed, so we an learn more about the client or situation that we are reflecting on. The Kola model starts with observations and reflections and finishes with concrete experience. Concrete experience is what we strive for to make us grow as support workers. In my opinion the main comparison between the two is that the Johns model is better for personal development within ourselves and the Kola model is better for a greater knowledge about those we work with. 2. Decide which one you prefer. Explain why. Prefer the Johns model because it focuses more on the way that we are feeling in the here and now. This can have a massive impact on a situation in the work place because it allows us to view others and ourselves. Reacting positively to a negative situation is not always easy, so having a degree of emotional intelligence can go in the favor of all parties concerned. I like learning more about clients and how can make my role go more smoothly but I think that having knowledge about oneself and I how I react to things will be more beneficial to me personally. 3. Consider a task that you have recently completed at work, which has not gone so well. This could be : Manual handling. Communication. Challenging behavior. Falls. Using your preferred model of reflection, describe what happened, what went wrong, what went right, what you could do differently next time? Was asleep and I heard shouting coming from upstairs. I checked my watch and it was just before am. Went upstairs and discovered that the noise was coming from a clients room. I asked if he was K and I was asked to go away in a not so polite tone or wording. I asked the client to keep the noise down, as he would wake the other clients within the house, to which I got the same response. I felt a little put back by this, as the client wasn’t provoked in any ay, he was just taking his mood out on me. I also felt protective about the other clients because of how they would be feeling about the shouting too. The client is a drug user and when under the influence can behave in an aggressive way to the other clients, which can make them anxious, so again had to ask him to stop shouting. I was then verbally abused, which ignored, as it wasn’t positive. I made my way downstairs, as the situation wasn’t getting any better. The client then came downstairs and Went into the kitchen. He lit up a cigarette in the lounge, which is against our house rules, so asked him o go outside. He then walked up to me and put his face into mine, asking me to lay the first punch. I had no choice but to lock myself into the staff room and call my manger and the police. I went outside to get a better signal and the client walked outside through another door. He had his top off and again came into my personal space and repeated what he had said minutes before. It was a little scary because as a support worker am not allowed to defend myself unless there is an attack. I started to think about my daughter and what would happen if he became violent. Managed to get back into the souse and the client came back in. He got to the other side of the staff door and was threatening to kill me. By this time was on the phone to 999, so they heard everything, as I asked him to repeat what he said to me. The police arrived shortly afterwards and he was arrested. Think the most significant thing was that I should have left his door after his first reply to me. I put the clients feelings first but they were safe in their rooms and wasn’t. I left myself open to attack at the top of the stairs. I was quite tired and not really thinking correctly but this is no excuse. Next time ill just call our emergency mobile or the police first, so I have a back up. Getting him to repeat his threat worked well, as it highlighted to the police his intent, so when he got arrested the other clients were out of danger and so was I. My intention when first got up that morning was not to get him arrested it was just to ask him to stop shouting. He is a great guy when he is not under the influence and I wish that had reminded him about this at the time. I think my actions were a little too defensive and I didn’t put his feelings before my own. 4. Why is it important to reflect in this way? It is important reflect in this way because the whole process helps us to grow in our roles and become better at what we do. At times we can think in an entirely different way that may not be objective to the task in hand, so reflection can give us hindsight to see a more positive outcome, which at the time seemed negative. Am a parent too, so a little reflection time can teach me things about myself or my child that might have been missed on a first encounter. Our knowledge can greatly increase as we reflect on and in practice. We can understand more about the clients, colleagues and gain an increased understanding of situations that wouldn’t normally have been thought of in our working day because of other emotional diversions. The importance of reflection is increased ten fold when in a managerial position because every member of staff has a unique personality and pleasing everybody is never an easy task. A manager must take time out and reflect on how he handled situations, meetings and many other duties, which require perfecting for future use. . What are your responsibilities and those of your employer to ensure your practice is current? My employer has a responsibility to make sure that we are operating within the law. There are certain acts and regulations, which have to be adhered to under government legislation. It is the employers duty to inform staff when any updates to the legislation has been made, so that the employee can be up to date. Employers have the responsibility for health and safety the workplace and to make sure that we are all working under current risk assessments. The employer has a duty of care to all staff members to many things including Making the workplace safe Preventing risks to health Ensuring safe working practices Providing first aid facilities Providing PEP if necessary Reporting accidents and many more It is an employee’s contractual responsibility to be up to date with all legislation, policies and procedures. We have responsibility for our own health and safety at work, so we must refuse something that would be deemed as unsafe. If we think our employer isn’t meeting responsibilities we must speak to them about it. If this fails then we must contact they local authorities to safeguard ourselves. 6. What does the legislation say? The legislation is made up of acts that companies must adhere to. These include; Care act 2014 Health and safety act 1974 Mental health act 1983 Data protection act 1 998 COACH act 1994 7. Complete a SOOT analysis and a CUP form. SOOT Analysis Form. Helpful to achieving the objective Harmful Internal Origin (attributes of the organization) Strengths Strong team members with lots of experience. High levels of communication Weaknesses Under staffed at times due to sickness, which causes stress to team members. Arguing amongst team members and not giving 100% External Origin (attributes of the environment) Opportunities Outside agencies becoming partners with Maples. Annular, PDP and Second Step The retreats Government cutbacks. Increased pressure for reduction in care and costing. Continuing Personal Development Form Key Dates What did you do? Why? What did you learn from this? How will this be used? 04/11/2014 Dual Diagnosis Training For the last 2 years there has been in increase in the amount of clients that join our service with a history of drug use. I went on the course to increase my knowledge of mental illness and drug related disorders. Gained insight into different types of drugs, the effects and what to look out for when dealing with our higher risk clients. Putting my knowledge into action by observing clients when at work and supporting them accordingly. 0/07/2014 Understanding Personality Disorder Training Again we have been taking on more clients with personality disorders. I attended the course to increase my knowledge base. Personality disorder is a term that is used when a client is doesn’t fit certain criteria for other mental disorders. It is unique to the client, so it may change on a daily basis. Putting my knowledge into action by observing clients when at work and supporting them accordingly. 12/05/2014 Safeguarding Adults Alerter Training It has been over two years since my last course, so an update was needed. I as reminded of types of abuse, what to look out for and how to report incidents in the workplace. It will support me with my working day and help keep me vigilant of any safeguarding issues. 8. How do your personal values and strengths affect your practice? My personal values and strengths have a massive impact on my working life. I have had the pleasure of being raised in a family where good manners and empathy have great importance. I am honest and work hard and sometimes relay this to the clients when they are looking for voluntary work or other activities that will give them life skills. I am very clean and tidy and again I try to lead the clients by example by showing them how much pleasure can be taken from doing a good job. Work in a house sometimes, which has a lot of younger clients and all now take great pride in completing house jobs that I have taught them. When a client comes to the service with a little amount of life skills and they leave with a few more it makes me happy to think that I have supported them to be like that. Like to give lots of praise when a good job is done, as I feel it is important for the client to feel good about himself or herself. I am very happy with who I am and what I stand for and in think it is equally important for the clients to feel this way too. Sometimes the clients can be stigmatize for their illness but if they have self respect, honesty and some politeness it can carry them a long way. I think my values have carried me forward on most occasions, not all but most. 9. Who gives you feedback on your own performance? I have a fortnightly supervision session with my manager and an annual appraisal too. Every week we discuss issues with clients, staff, safeguarding, health and safety and other subjects. It gives you the opportunity to look at past situations again and look into ways of improving them. This isn’t always the case but it can come up from time to time. Also accept feedback from other staff members during staff meetings and other types of handover. Feedback from clients is always helpful too, as you can adjust your working procedure if it isn’t positive to the client involved. The management team usually speak to the clients and then this is discussed during supervision or at an appraisal. 10. How do you use the feedback to improve your performance? Think feedback is Very important because it helps us to view ourselves from different angle, which is important because sometimes we can get caught up in a pattern, which may not be suitable to those that we are working with. Feedback can be negative, positive or just neutral. Negative feedback can cause a mass of emotions and defensiveness, if not correctly handled. Where positive feedback could make you over confident and cause carelessness at the worst-case scenario. If get feedback I will take it away, reflect on it and then try to think of ways that can utilities it, as it is a valuable commodity, good or bad. Like to think of everyday being a school day, as we never stop earning. We learn from the clients, we learn from staff and we even learn from ourselves. Take feedback as a learning tool especially if it is negative. I always learn more when have made a mistake, as this sticks in my mind more. I try not to take things personally, as this can only make matters worse. If you have made a mistake it is just best to see where the problem was and avoid that situation in the future. 1 1 . Discuss two forms of learning that you have recently completed. What did you gain from these? Have recently been on some courses; Dual diagnosis and understanding personality disorder. Both of the courses were very informative and I gained valuable insight into some areas of our ever-expanding client base. How to cite Engage In Personal Development In Health And Social Care, Papers

Saturday, December 7, 2019

Rene Descartes free essay sample

Rene Descartes was a brilliant man. His works on philosophy, physics and mathematics are still heavily influenced much to all of these studies today in our modern world. Descartes was born in March 31, 1596 in La Haye, France; he was named after one of his godfathers, Rene Bruchard des Funtaines. Descartes parents were Joachim and Jeanne Descartes, he also had one brother and one sister and two half siblings. Growing up Descartes had health issues â€Å"infirmity of the lungs, (Rene Descartes). When he was enrolled in school around eight years of age at Jesuit college La Fleche in Anjou he had permission to wake up at eleven in the morning instead of earlier like all the other school kids, in regards to his fragile health. Descartes kept this daily routine for almost the rest of his life he believed that, â€Å"the only way to good work in mathematics and to preserve his health was never to allow anyone to make him get up in the morning before he felt inclined to do so; an opinion which I chronicle for the benefit of any schoolboy into whose hands this work may fall, (A Short Account of the History of Mathematics’). Descartes left school at around 1912 and they began to study law at Poiters, and graduated with honors for his degree and license in law, although he didn’t pursue a law degree. In 1617 Descartes chose to join the army rather than the church; He served in the army of Prince Maurice of Orange and then Breda. He was more of a mercenary for the Catholics and Protestants. One day in late fall of 1618, Descartes was walking around and saw a Dutch placard, which spiked his curiosity; and by luck the person he stopped was Isaac Beckman. Beckman was a highly educated Dutch philosopher; he translated for Descartes in return if Descartes would work out the problem. After a couple of hours passed, intrigued by Descartes, Beckman â€Å"sparked his interest in mathematics and the New Physics, he concluded that his real path in life was the pursuit of true wisdom and science, (17th Century Mathematics-Descartes). † During his leisure time in the army, Descartes studied mathematics; in November 10th-11th, 1619 he had a series of dreams that he believed is one or the most important days of his life. The visions he had were his first ideas of new philosophy and his works of analytical geometry. He continued to serve in the army under his family traditions and influence and was persuaded to volunteer under Count de Bucquoy in the army of Bavaria, and then he resigned his commission in 1621. Descartes traveled throughout parts of Europe for a couple of years still purely giving himself to mathematics in 1628 while residing in France he met Cardinal de Berulle, the founders of the Oratorians. Berulle loved his conversation with Descartes, â€Å"and he encouraged Descartes to devote his life to the study of truth, (Rene Descartes-Biography). For the nest twenty years Descartes lived in seclusion in Holland and made regular trips to France. In the course of time Descartes wrote a piece of his collections, â€Å"Le Monde†, he didn’t want it to be published in that time; because the Catholic church had burnt all of Galileo’s Dialogue Concerning the Two Chief World Systems (1632) and him in house arrest. Descartes had lived in fear the same thing could happen to him if he didn’t correspond with the rules. Yet he was book â€Å"Le Monde† was published many years later. Despite not being able to release that book, he did write another book in 1633 and was published in 1937. â€Å"In 1637 Descartes published Optics, Meteorology, and Geometry, a collection of essays. The preface to the collection is titled Discourse on the Method of Rightly Conducting the Reason and Seeking the Truth in the Sciences, (Rene Descartes-Biography). † â€Å"La Geometrie† is what his contribution to mathematics is still used till this day. Before his discovery mathematicians used capital letters (A,B,C) for known quantities in algebraic notation and unknown quantities were lower case letters (a,b,c). In the â€Å"La Geometrie† he gave his ideas and instead of using capital and lower cases letters, he shifted it to just (a,b,c) as know quantities and (x,y,z) for unknown. In that time he also in verbal expression of exponents such as â€Å"square, cube at etc†, he replaced it with numeral superscripts. Descartes argued that, For the square of a magnitude did not differ from it in kind, as a geometrical square differs from a line, rather, the square the cube and all powers differed from the base quantity only in the number of â€Å"relations† separating them respectively from a common unit quantity. Descartes â€Å"rule of signs† a law given for determining whether the number of positive or negative real roots of polynomials â€Å"Descartes’ â€Å"rule of signs† does not give the solution of a polynomial equation, but it does give information on the number of positive and negative roots of the polynomial, (17th Century Mathematics-Descartes). † He also proposed in â€Å"La Geometrie† that each point in a two dimension form can have two numbers on a plane, giving a horizontal and vertical locations; which is known as Cartesian coordinates. He used perpendicular lines (or axes) crossing at a point called the origin, to measure the horizontal (x) and vertical (y) locations, both positive and negative, thus effectively diving the plane into four quadrants, (17th Century Mathematics-Descartes). † With the Cartesian Coordinates, Descartes showed that the x and y axis supported simple equations of straight lines, to more complex coordinates of e quations with different exponents. For example y=x2+4 is a curve parabola. Descartes was more famously known as a philosopher giving his two sense in things and pursuing to uphold the truth. He continued to keep adding to his collections of writing Meditations, Principia Philosophiae and others. In 1649, Queen Christina of Sweden invited Descartes to live in Stockholm to tutor her in philosophy and she insisted in working with him at 5 in the morning; which he was used. The early hours and the harsh weather affected his health and he died of pneumonia in early 1650. Besides his great deal of being dubbed â€Å"the father of modern day philosophy† Descartes math contributions are value of us today. His idea of the Cartesian coordinate is in our mathematical calculators and the coordinates are what we use in math in almost all grade levels. Without Descartes influence exponents wouldn’t have been as simple, and also being able to determine positive and negative real roots. Descartes believed everything can be related to math and that there was always an answer, even if it was imaginary numbers too. His contributions in all areas of studies helped shaped the modern studies. Rene Descartes was a brilliant man indeed.

Friday, November 29, 2019

The Postman Always Rings Twice Essays - English-language Films

The Postman Always Rings Twice *P**B*Title*/B**BR*The postman always rings twice *P**B*Author*/B**BR*James M. Cain *P**B*Characterisation*/B**BR* Frank, a man who falls in love with Cora. He's a type of guy who's rough but smart. His passion for Cora makes him mad of love. Cora, the Greek's wife (He's always called the Greek in the book so I'll better call him the Greek, his real name is Nick) Cora is in doubt weather she would go with Frank or stay with her husband, the Greek. She chooses for Frank. *P**B*Genre*/B**BR* This book is a short psychological novel. *P**B*Narrative structure*/B**BR* It's a first person story and told in chronological order. The book spends about two or three months. *P**B*Plot outline*/B**BR* The story is set in a roadside sandwich joint in California, which has a living part, a filling station and a lunchroom part. When Frank arrived at the lunchroom the Greek offered him a job. Frank said yes, and immediately when he saw the Greeks wife Cora he felt in love with her. They made love to each other when the Greek wasn't at home. One day they made a plan to kill the Greek, the wanted to kill him in the bathroom but failed. The Greek fell on his head, but wasn't dead. They told the police it was an accident. After a week the Greek went out of the hospital, back home. But Cora and Frank drove away together. After a while Cora wanted to go back home. So she did. But Frank staid in town and three weeks later he met the Greek on the marked, the Greek asked him to come back to the lunchroom and work again. Frank left the town with the Greek and they drove to the lunchroom. When they got there, Frank met Cora again. They still loved each other so they made a new plan to kill the Greek, and spent the rest of their lives together. This time their plan worked and the Greek got killed. First the judge didn't believe their story about this ?car accident?. But Cora and Frank convinced the judge and they he pleaded them not guilty. Cora and Frank were happy that their plan had worked. Cora got pregnant and they made a ride in their car. But the worth ting happened, Cora got killed on that ride because of a car accident. But Frank survived, and the judge condemned him guilty for the murder on Cora and the Greek. Motive? Their money. *P**B*Theme and explanation of the tittle*/B**BR* I think you can describe the theme as: God is punishing at once. (how do you say that in English?) The title means a warning for something unexpected. *P**B*Opinion*/B**BR* I liked the book because of the authors easy writing style. And it gives a good view of how far you can go for loving somebody else Book Reports

Monday, November 25, 2019

The Nature of Nurture.

The Nature of Nurture. Our global village is gradually increasing its capacity in an unconscious way. People living in this modern world no longer have the privilege to possess any objective or subjective thing larger than that which fits within one's own private space. However, some people, especially those with overwhelming power and renowned fame, still believe in the theory of "survival of the fittest" through the capitalistic system; they spread their influence to those who have limited strength and feeble minds as easily as they might blow away dust. It is so ridiculous that people have desired to take control over the biological world, but they are bullying and humiliating those around them for various purposes. If every individual could help others, especially for the privileged to aid the poor, they would create more opportunities and mutually benefit the life they all desire.It is no doubt that the United States is the strongest and most influential country on earth, it is also one of the most re active members that assists the underdeveloped countries to have well and healthy living, and promotes the necessity of the maintenance of the original global appearance.The United States, which becomes the current status through originally taking advantage of global resources out of Mother Nature, with sufficient financial budgets and well-known identity, believes that it is essential for competent countries to support the underprivileged nations because they should know the reason of give-and -take. They derive almost natural resources since they have more ability and power to access; meanwhile, they have to consider that the powerless nations have less chance to do so. It is reasonable for them to share supportive and substantial supply with the poor.Another unreasonable issue, the deterioration of Mother Nature by privileged people, definitely needs to be examined closely. Even though people...

Friday, November 22, 2019

Company's Performance Management System Assignment

Company's Performance Management System - Assignment Example The major objective of the Beverage brand is a global recognition as an organization believing and nurturing ethical and responsible business. The organization wants to achieve a sustainable growth with the objective of operating in the future. The goals of the organization’s performance management are to enable highest level performance. The objective of the global performance system of Coca-Cola is to create an environment where workers and employees and develop and excel skills for improving themselves as well as move forward in their career goals (The Coca–Cola Company, 2013a). The most recognized performance management system of Coca-Cola is known as peak performance process. This system is implemented all around the global offices of Coca-Cola. The peak performance process invites all the employees’ to participate in its multifaceted program, round the year. The process includes development, performance and elements of career planning that are recorded in t he online tool of the organization (Jonhson and Scholes, 2002). Bonuses and compensations are linked to this system and are calculated on the basis of this process every year. BENEFITS AND SHORTFALL The performance management system at coca-cola is achieved through four different stages of the annual business cycle. The management system is composed of multiple objectives. The first stage is the annual performance review which is held to access the previous year results. The objective of this stage is to appreciate the top performers of the previous tear. Other objective during this stage is to prepare feedback and coaching for the key performance indicators, key performance objectives and competencies of last year (The Coca–Cola Company, 2013b). Apart from reviewing last year performance, the annual review also sets the development plan of current year. The key performance indicators and the key performance areas and the competencies for current year are identifies. The seco nd stage is planning for the performance of the year. In this stage, the key performance areas and competencies are finalized and delegated throughput the organization. The third stage of performance management is the reward and recognition phase. In this stage, the pay linked to performance is indicated and top performers are recognized. The last stage is the mid-term review, where coaching and feedback is provided. A 360 degree feedback on competencies is provided and well as competency development plan is formalized. Figure 1 Performance Management System at Coca-Cola Source: The Coca–Cola Company (2013c) The key benefits of using this performance management system can be described as follows; 1. Development of skills for improvement 2. Excellence in performance 3. Advancement in career goals. By providing the right resources, training and performance measurement programs, the organization makes sure that employees are sufficiently equipped with skills and capabilities whi ch will help them in building their career (Sahoo and Mishra, 2012). By providing appropriate authority and job responsibilities to the job holders, the managers makes sure that the functions of Coca-cola are focused on activities such as coordination, division, task control and proper flow of information. The performance at coca-cola focuses on acquisition and retention of highly skilled and knowledgeable employees and