Intuition Essay Example | Topics and Well Written Essays - 750 words - 1

Intuition - Essay Example It is much easier to apply intuition if you know already some peculiarities of a person or situation you should deal with. For instance, you may have to tell something unpleasant to your younger sister or brother, but this are the news that may affect him/her negatively. What to do in this case? As a rule, you think over the best moment that will be the most suitable for sharing the information you need. You may select a quite place to do that. How can you know that this very time and place will be the best ones in this situation? No doubts, it is your intuition that helps you to make the right decision. However, it is necessary to remember that your brother or sister may have another intuition, as in Dan Ariely’s examples about nurses. That is why you should learn more about his/her intuition in order not to make a mistake. It should be noted that the situation about bandages experienced by Dan Ariely explains a lot of things concerning intuition and its importance. It turns out that it is necessary to test and practice intuition. Moreover, if one’s profession is closely connected with communication, one should take into account other people’ intuitions as well. This will help to understand their feelings and improve the process of working with people. It is known that Dan Ariely has very poor attitude towards the nurses from the hospital he was treated at. If they just tried to understand his feelings and use his intuition, the process of recovery would not last so long and there would be only positive feedbacks from Dan Ariely. Unfortunately, people working with people seldom resort to the use of their intuition. In the majority of cases they just do not have enough time for that. For example, those nurses were expected to spend only an hour to change the bandages. This action caused much pain to their patients. The nurses had problems with their intuition without even knowing this fact. This example demonstrates the consequences when pe ople do not want to test and improve their own intuition. However, this would help to understand others and their needs. It is necessary to stress that, of course, the patient with burned body knows better how to take of the bandages with less pain. There are several possible ways to distinguish intuition. For example, this word is translated as ‘to look at’ from Latin. So, intuition means looking at some situation or problem in detail with the help of one’s inner feelings. It is necessary to stress that intuition really helps people to live an easier life. Our inner man knows better what we need to do in certain situations. Thus, in the majority of cases it is not conscience but intuition that makes us apologize for some words or actions. Our inner man feels that the person you respect may be offended by the above-mentioned things. You feel that if you do not apologize, this will be the end of friendship or love. It means that if people listened to their intuiti ons more often, there would be fewer divorces in families and misunderstanding among people. Resorting to the use of intuition will help people to economize much time and effort on doing a lot of things. If one uses intuition in order to handle some problem, he/she does not need to spend sleepless nights in order to select the best way to solve the problem. Intuition gives an opportunity to make fast decisions and not to

Working Capital Management Essay Example | Topics and Well Written Essays - 1000 words

Working Capital Management - Essay Example Gross Working Capital: It refers to the firm's investment in current assets. Current assets in year 2006- 2000000 and in 2007- 2470000. It increased significantly instead of dip in cash because of nearly 71% increment in debtors and 58% increment in inventory of finished goods, but cash reserve dipped by 96% and tightens the liquidity position of company by the end of 2007. Net Working Capital: It refers to the difference between current assets and current liabilities. In year 2006, NWC-1300000 and in year 2007, 1490000. Net working capital has been increased YoY but it's difficult to assume that how much Working capital is required by the company in the existing business as no industry standard or benchmark standard is not provided. Even the trading cycles are not mentioned regarding finished goods, creditors and debtors, therefore assuming the different cycles is difficult and so does the prediction of working capital. If we checkout the current asset to fixed assets ratio as it helps in determining the optimum level of current assets so that the wealth of shareholders is maximized. As the firm's output and sales increase, the need for current assets increases. Generally, current assets do not increase in direct proportion to output; current assets may increase at a declining rate with output. This relationship is based upon the notion that it takes a greater proportional investment in current assets when only few units of output are produced than it does later on when firm can use its current assets more efficiently. For year 2006, CA/FA ratio is 0.55 For year 2007, CA/FA ratio is 0.58 Company has nearly same ratio in both the years that means company increases its assets as per the requirement. That can be analyzed by taking ratio of working capital requirement as a percentage of turnovers, which is nearly 27% in 2006 and nearly 23% in 2007. Therefore it can be said requirement of current assets has been increased proportionately. It's difficult to assume how much is required to run the business as any standards are not given and it's difficult to presume for an industry. But it can be said that Adorama net working capital has been increased even though company might face problem in quick solvency (which includes mainly within a week convertible current assets) but if we see overall situation of working capital needs company is in sound position even it has overdraft problem but sound position of debtors and inventory can sort it out, certainly company might face liquidity problem as company has very less to meet immediate demands but money can be raised by mortgaging debtors to meet immediate requirements. Overtrading is mainly matching sales and production cycles, it takes place when a business accepts work and tries to complete it, but finds that fulfillment require greater current assets or working capital. Overtrading is a common problem in businesses and it often happens because of some mismanagement or any unprecedented cause. If you see Adorama has net working capital of 1490000 in 2007, which is enough to meet the requirements but in its cash kitty it has only 20000. Therefore, passing a judgment is difficult and highly depends upon the nature of business, position of different cycles( debtors and inventory mainly) but still I would like to say that there is certainly problem of cash crunch or current