Financial Analysis of Honest Tea Essay

Through Honest Tea’s three years of business, their business shows some positive signs of a promising company. Since Honest Tea is a start-up company, it is understandable that their net income is in the negatives since their expenses will outweigh their sales, but as the three years have gone on, their net income has improved, and even increased by 74% from 1999 to 2000 from -$882,359 to -$228,879, which shows a positive sign of growth. Honest Tea is also very capable to pay back their short term liabilities since their current ratio is a high 5.92. Their profit margin has also increased over the three year period from -71.7% to -36.3% showing positive signs of profit and ability to grow. Honest Tea is able to generate $0.50 for every dollar of assets they have, which isn’t a huge amount, but being in the positive for a start-up company is important. Unfortunately, Honest Tea isn’t very efficient in turning over its inventory since this turnover ratio is less than one, but, for a start up, they are doing well. Revenues increased tremendously from 1998 to 1999, but fell by almost 50% in 2000, so that is worrisome. The debt to equity ratio in 1999 was .241 and it decreased in 2000 to .142. A lower debt to equity ratio usually implies a more financially stable business, so it’s great that the debt to equity decreased from 1999 to 2000. Companies with a higher debt to equity ratio are considered more risky to creditors and investors than companies with a lower ratio. Unlike equity financing, debt must be repaid to the lender and requires debt servicing or regular interest payments. In other words, debt can be a far more expensive form of financing than equity financing. Companies leveraging large amounts of debt might not be able to make the payments. Creditors view a higher debt to equity ratio as risky because it shows that the investors haven’t funded the operations as much as creditors have, so it’s good to see that Honest Tea has been getting more money from investors so they don’t have a large amount of debt. Compared to some other companies in their industry (Triarc Cos Inc, Saratoga  Beverage, National Beverage Corp., Clearly Canadian Beverage, etc.), Honest Tea is far behind. Most of this is due to the fact that Honest Tea is a start-up company and all of these other companies are well established, but these competitors are turning out positive profit margins and positive net incomes which makes it very hard for Honest Tea to compete in the market. 1.) Honest Tea’s sales dropped in 2000, so they are trying to find more capital to keep the company running. The success of the company, before the cold spell in 2000, had drawn a lot of media attention which caused Honest Tea to be featured in Fortune, Entrepreneur, and Beverage World, which definitely helps the company’s reputation, but Honest Tea really needs to get their sales back going in order to stay relevant in the market. 2.) First of all, in the future, Honest Tea need to raise more financing to be successful. They need to find more venture capitalists or angel group in order to support the continuation of the company. Honest Tea also needs to start expanding distribution of their product, but that can only happen if they get the financing to pay for the distribution. They need more distribution so they can pick up more customers that will demand their product, in hopes that either they can grow Honest Tea as its own company, or that it will get picked up as part of another big brand such as Pepsi or Coca Cola. 3.) In order to continue its distribution and growing the company, Honest Tea believes a $2 million round of financing would carry Honest Tea to profitability. 4.) Honest Tea has received financing from many different places. The first financing had come from Goldman and Nalebuff, they would be decent investors but they only have so much money to give to the company. Next, they approached family and friends, they raised around $200,000 for Honest Tea but they wouldn’t be considered the ideal investor because they don’t have enough money to support Honest Tea past their seed stage. Customers of their product have also contributed capital to the company, but these investors have not been the right investors because they are not as sophisticated as  venture capitalists and angels, and don’t necessarily have the experience with interpreting financial statements which means they require a lot of extra time and attention and that takes away from Goldman and Nalebuff’s ability to focus on growing Honest Tea. They also received financing from venture capital groups, which would be a better fit for Honest Tea since the venture groups don’t need as much attention as Honest Tea’s other unexperienced investors but they also demand more control of the company than Honest Tea’s other investors. 5.) Right away with the financing from the family and friends, there wasn’t really a specific structure, but in 1998 Honest Tea established a financing structure. The financings have been structured so that when an investor purchased common stock, the founders were given warrants for creating the company. Honest Tea structured them in this way because Nalebuff though that by including warrants for the founders with exercise prices staged at multiples of the initial price at which family and friends brought in would avoid such disagreements. If the company did well, then they would be able to exercise their warrants and they would own a greater fraction of the company, but if they didn’t, then the original investors would own a larger piece of the firm. 6.) Honest Tea should look for angel investors or venture capitalists, this is because the investors that Honest Tea currently has are very inexperienced when it comes to financial statements, so to have financiers that have experience and knowledge when it comes to investing and finance. Angel investors and venture capitalists also have more access to large amounts of capital and have connections that the current investors do not. 7.) The proposed financing and valuation do make sense because it gives Honest Tea the best chance of the founders maintaining 50% of the equity of the company. Honest Tea is using a warrant based structure, which seems complex, but really it’s a smart way to structure their financing. This type of financing allows Honest Tea to keep founder equity, as long as they meet their goals and targets. If they don’t, more of the equity goes to their investors because they will be issued more shares of the company. This is a  good set-up because it gives Honest Tea’s owners a reason to work hard to meet their goals, and if they don’t the founders will lose their 50% share of the company. The valuation of the company makes sense because it’s based on Honest Tea’s sales of their two products and the value of their bottling plant. If they sell a lot of their products, the valuation of their company goes up. However, if they don’t sell enough of their product, the valuation of the company goes down. If the valuation goes below $15.1 million, then shareholders will be issued more shares and they would get more control over the company. 8.) The ready to drink tea market is looking very promising for Honest Tea. In 1999, the ready to drink tea market totaled $2.67 billion, which was an increase by 9% from 1998. Although this doesn’t seem like a huge market, because the wholesale and retail sales have increased by 9% in just one year, I believe that the market will grow. Experts even projected that the read to drink tea market would more than double in size over the next 10 years, meaning the $2.67 billion market will be an over $5 billion market in a short 10 years. Distribution channels have also been growing, ready to drink tea sales and loose tea bag sales have been growing in other channels such as drug stores, and growing by 21.2% growth in volume sales in mass merchandise, which is outgrowing other forms of drinks such as coffee and bottled juice. Honest Tea’s competitors are national brands; Snapple controls 14.6% of the market, Arizona Iced Tea holds 10.6% of the market, and Lipton represents 9.5% of the market. Honest Tea’s competition/ brand loyalty would be considered one of the barriers to entry; all of Honest Tea’s competition is well established national companies, which means that it would be very hard to compete with them since they have already mastered their distribution around the country and they all have significant control of the ready to drink tea market. Economies of scale is another barrier to entry for Honest Tea, since other companies in the market has a lot of production their average costs fall, but since Honest Tea is a small company their average costs are still large, so they need to work to increase their production to get their average costs down. 9.) Rapid growth is not that important, especially if it causes Honest Tea to  compromise some of their convictions. It would be more beneficial for the company to grow slowly and organically to keep the mission of their company. If a venture capitalist pushes Honest Tea to grow too fast, this may cause Honest Tea to take shortcuts when it comes to being organic and environmentally and economically responsible, which could cause customers to not value the Honest Tea brand as they did when they were growing slowly. So I would say that rapid growth is not important to Honest Tea. However, going national is very important for Honest Tea. Honest Tea needs to go national in order to get brand loyalty, so grocery stores, gas stations, dining establishments, etc., would demand to have Honest Tea in their establishment. Going national would also mean that Honest Tea would have better access to investments or a chance to be acquired by a strategic partner, which is part of Honest Tea’s exit strategy. So going national is a huge part of what Honest Tea wants to accomplish with its company, which means it’s very important to go national. 10.) Honest Tea needs the money for investing in new distribution channels, hiring a nation sales force, purchasing marketing and merchandising materials, gaining capital to support the launch of Honest Tea in new super market chains, and gaining capital to get the Three Rivers Bottling plant to profitability. They need the money as soon as possible because it need to cover operating losses for the next several quarters to keep Honest Tea functioning. 11.) The pro forma projections of Honest Tea do make sense. The pro forma projections take into account the months that ready to drink tea sales may decline due to seasonal preferences, for example since January and February aren’t a time where the market would demand a cold, refreshing drink, Honest Tea has projected those months to have the smallest amount of cases sold. Conversely, the projections also show that the tea bag sales will increase when ready to drink tea decreases. Honest Tea’s projections make sense in the aspect that they take into account the coolers, marketing, travel expenses, etc., that will come with expanding their business. The projections also show how the expenses per month decrease showing that the company is taking economies of scale into consideration, meaning that the  more production they have the average cost will decrease. One aspect of the projections that don’t make sense is how the end of 2001 the company’s net income is in the positive, but once January of 2002 begins, Honest Tea is projecting a huge drop in net income to -$286.1, but besides that, Honest Tea’s projections make sense. 12.) Honest Tea’s financing strategies thus far have not been ideal. They have depended on family, friends, and customers to provide them with capital, and this has caused Seth and Barry to spend much of their time explaining financial statements, searching for more capital, and holding the hands of their inexperienced investors. The current financing has caused Seth and Barry to spend too much time worrying about investments, and not enough time to figure out how to grow the business. Seth and Barry really need to start looking for more professional sources of financing such as angels and venture capitalists.The valuation and financing structure that Seth and Barry have set up for the offering of their shares have provided Honest Tea with a much more organized and reliable financial structure that allows them to not have to spend so much time explaining themselves, which gives them more time to grow their business. 13.) This deal is very attractive to venture capitalists. Honest Tea has a huge market opportunity since they have created a new beverage category that has been on the rise the past couple of years, which would be very attractive to an investor. Honest Tea has also proved that customers are willing to buy their product and even invest in it, which shows they have a following. Another reason this deal is very attractive, is that Honest Tea has received much media attention and received different awards for sustainable practices and packaging, so the product is well known and has the potential to have brand loyalty in the future. Honest Tea also has great management teams that have expertise in the tea industry, and have even worked for companies, such as Sobe, who have rapidly expanded in the past. A great management team is very appealing for a venture capitalist because it means that the VC has to spend less time watching over the company since they already have the expertise that they need to grow. Lastly, Honest Tea is a great venture capital investment because it already has access to its  own bottling plant, so they have no barriers when it comes to mass production. Their bottling plant has the opportunity to provide Honest Tea with approximately $30 million in sales, which is very attractive for an investor. 14.) The deal with the venture capitalist is not attractive for Seth and Barry. First of all, the deal wanted the pre-money valuation of the company to be $5-$7 million, which means that the founders have to give up their proposed 50% control of the company. Secondly, the rapid growth that the venture capitalist is pushing may require Honest Tea to compromise on some of its more socially conscious principles. Currently, Honest Tea is structured so that the founders have the control of the company, so they can do what they like, but giving up half of their control would most likely mean compromising their principles. Even though the $5 million investment would help Honest Tea tremendously, it isn’t worth sacrificing their principles to grow quickly. Honest Tea should consider the Investors’ Circle investment over the venture capitalists. Even though Investors’ Circle isn’t offering as much money as the VC, their principles match Honest Tea’s principles. Investors’ Circle invests in socially responsible start-ups, so they won’t push Honest Tea to compromise their principles, instead, they would support their principles. Investors’ Circle is even willing to invest up to $6.5 million depending on the company’s needs, so Honest Tea should really consider getting an investment from Investors’ Circle over the venture capitalist. 15.) The deal structure and valuation make sense, but it’s hard to know what they based the pre money valuation on since it’s very low compared to Honest Tea’s valuation. The deal structure does make sense, since the venture capitalist is giving Honest Tea so much in financing it makes sense that they would require significant control over the company.

Contributions of Religion Essay

Explain the ways in which religion contributes to the lives of individuals and society. Religion is a set of beliefs that govern an adherents morality, ethics, values, and as a whole their daily behaviours and attitudes. Offering the cause, nature and purpose of the universe; religion provides an individual with an identity and a sense of belonging to the world and their community. Devoid of such an understanding, people wouldn’t know how to treat themselves, others and the environment; taking away the crucial sense of their place on earth and furthermore their aspirations of peace, development and survival. Naturally as consequence, religion contributes to the lives of all individuals and society. As long as humanity has existed, people have been avidly trying to find the answer to life’s profound questions; how did the universe come to be, what it is they need to do to last both on earth and after death. Due to answering such questions, religion has been used by humans to develop and improve their lives, giving life meaning and order. Maintaining such order and wellbeing is the essential basis that human society rests on. Giving people the idea of how to behave and interact with one another, religion’s order creates harmony, the factor that is compulsory for survival. Principal teachings of religion are what then coach generations on how to preserve this amity. Even if a person is not spiritual, Religion’s ethical teachings have been known to even influence the administration of each nation’s legislative acts; Separate legal systems and law reforms rising from the laws inability to discriminate people’s virtues. Moreover social welfare is a constant practice within religious traditions, care facilities such as hospitals and orphanages often developed by religious institutes. The roles and positions of people within society are also determined by religions. The place of each sex and the definitions of childhood are two main examples. This is then followed by its dictation of appropriate diet, dress and definitions of the weekly and yearly calendar. Following the guidelines that all of society are expected to follow, religion also relates to people on a more personal level. Already having answered how we all came to exist, religions and their texts bear understanding of what it means to be who people are and the relationships that are expected of them when it comes to their interactions with others and nature. This understanding is what entails the ethics, morals and values that guide the person to behave appropriately towards life. When ethical issues in someone’s life prove to be challenging, people turn to religion to help them decide on what is right and what isn’t. When it comes to the proper celebration of significant events and times in their lives, religion also gives individuals ways by which they can do so. These rituals can mark growing up, acceptance of faith, or holy unions such as when as the marriage of an upcoming priest to God. In order to stay true to each faith, religion also shares the traditions that are upheld to help each individual become a better person. Examples of such traditions are prayer, sacrifice and fasting. Overall, religion is a crucial aspect of modern day society. Without the order and meaning it has given civilization, human existence would be chaotic and seemingly futile. This is because without religion instructing individuals on how to act, and society’s general conservation of peace; life as we know it wouldn’t exist let alone be as in order. These are the ways religion has contributed to individuals and society.

Literary Elements From The Story Of An Hour - 847 Words

Zachary Burkey Professor Eidson English 1102-402 (CRN 88967) Thursday, November 16, 2017 Literary Elements from The Story of an Hour The Story of an Hour by Kate Chopin is a short story from the late nineteenth century centering upon a young woman as she processes newly received information that has reported her husband dead from a horrible train accident. Due to this sudden turn of events, she has been gifted a new outlook towards her potential future. Throughout the development of the story, many literary devices have been used in order to help facilitate a certain set of thoughts and themes by Kate Chopin. All of which have come together to make an extraordinary literary experience that helps†¦show more content†¦It was not a glance of reflection, but rather indicated a suspension of intelligent thought.† (Chopin)The window from which Louise looks outwards from for much of the story is representative of the freedom and prospects that dangle before her after her husband has died. From the window, Louise observes a blue sky, tr eetops, and clouds. She hears people and birds singing and smells a coming rainstorm. Everything that she gathers through her senses hints towards happiness and renewal. When she gazes and contemplates towards the sky, she feels the first sense of bliss. Once she fully takes in this array of emotions, she feels that the open window is sustaining her with life itself. The open window provides a clear, unobstructed view towards the distance and Louise’s own bright future, which is now unshackled of the wants and needs of another person. It is, therefore, no coincidence that when Louise turns away from the window and her view, she promptly loses her freedom as well. All of these subtle artistic elements help accentuate the underlining theme of the whole story. During the progression of the story, the reader learns of Louise melancholy towards her position in her marriage. Louise’s weeping about Brently’s death underlines the difference between her sorrow and happ iness. Louise sobs or thinks about sobbing for well over the majority of the story, ceasing only when she ponders the prospect of her new freedom.Show MoreRelatedThe Story Of An Hour And A Pair Of Silk Stockings By Kate Chopin1057 Words   |  5 Pages Authors often have their own literary repertoire, or style, to appeal to the audience in which they are writing to. Kate Chopin is a well-known writer, known for her works that mainly focus around women and their expected roles in society. Chopin’s writings are often based on the effect that the turn of the century had on women, which she best expresses in her two short stories â€Å"The Story of an Hour† and â€Å"A Pair of Silk Stockings†. In both of the stories previously stated, the author givesRead MoreShort Story and People1473 Words   |  6 Pagesï » ¿Title: Story Of An Hour Author: Kate Chopin I. 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As the story begins, Jackson starts to develop the plot by describingRead More The African World-view in Soyinkas Death and the Kings Horseman709 Words   |  3 Pagesthe Kings Horseman, Wole Soyinka uses certain literary forms and devices to intermix Yoruba culture and a predominantly European dramatic form to create a play easily understood by the audience, but that allows the introduction of a foreign influence. These devices include the use of a songlike quality in dialogue and the telling of stories, the use of personification and metaphor to give an exotic quality to the play, and the use of certain elements to provide the reader with a sense of the mystic

The Food Culture Essay Topics Diaries

The Food Culture Essay Topics Diaries Our services are extremely affordable, and we assure you will acquire stellar excellent services. Firstly, there's no guarantee you will be somebody who gets such exposure to other cultures as it is dependent on your position within the corporation. Street food is extremely popular throughout the world and about two billion people consume it each and every day. Because of the cultural exchange, it's possible to find street foods of all sorts in every big city on the planet. For instance, the social significance of a national flag isn't merely a bit of coloured cloth. In addition, one would believe that you're able to find info about anything in the Encyclopedia Britannica. There's always a thrill that includes trying new foods that aren't common or are completely missing in your culture. The expression food habits refers to the ways humans utilize food, including how food is obtained and stored, the way that it is prepared, the way that it is served and to whom, and the way it's consumed. There's, obviously, a limit on the variety of pages even our finest writers can produce with a pressing deadline, but usually, we can satisfy all the clients seeking urgent assistance. Our core asset is our professional and skilled writers that are experts in culture and prepared to do their very best to offer you top quality custom culture papers. If you are in need of a wonderful culture essay example but have no clue how to choose one, bear in mind that it is possible to get excellent help with your assignments at any moment. Another important step in essay writing is to recognize the sort of essay which you will utilize. The next thing to do is to make an essay outline which will direct you on how you'll compose the essay itself. To help you always pick a topic that you think that it is possible to work with and avoid hard topics that will offer you a hard moment. A planning stage which leads to the essay outline will help to stick to the logic and include every required thought retrieved during the practice of brainstorming. If you search for essay on other topics, visit our site. Make it a typical 5-paragraph essay. This issue of assignment might appear narrow. Choosing topics for essays takes a little time and energy. The Debate Over Food Culture Essay Topics It's advantageous since it produces a frequent ground for people from vastly different backgrounds. An excellent idea may be to share a scenario once you faced a language barrier or other difficulties related to differences in cultures. There was no attempt to take responsibility due to his behaviour. There's no doubt that for some folks, working for a multinational organisation will boost their comprehension of different cultures. Indians are always well-known for their mild and gentle behaviour, regardless of lots of aggressive activities by the folks of different religions. So to make sure the question is completely answered, the very first part provides the explanations for why culture can be learned by working in a multinational organisation. There are many kinds of cultures, so prior thorough research may be required to reveal certain characteristics each of them has. The culture offers solution to the important problem that's faced to community. India is a famed country throughout the world for its culture and tradition. Perhaps not everybody knows that Indian culture is among the oldest, richest and most diverse cultures on the planet. Indian culture is thought to be the very first and supreme culture of the planet. It is considered as the oldest and very interesting culture of the world. Culture development Culture isn't frozen form. Language is the principal vehicle of culture. It is the root cause of culture. It is one of the most important forms of material culture, without language there is no concept of culture. Our country is filled with a number of distinct cultures. Therefore, it appears a cultural gathering on the campus. Similarly the language that is in demanded throughout the world, been learnt by Indians.

Animal Cruelty in Slaughter Houses Essay - 1761 Words

Draft 2 What are currently the poor conditions for animals in the American slaughterhouses, what are the causes of these conditions, and what are the best methods for preventing slaughterhouse cruelty? The conditions for animals in modern slaughterhouses are unsanitary and violent. The lack of rules and regulations cause animals to be treated poorly because this industry is focused on mass production and profit rather than finding a more humane alternative to run the meat packing business. The most effective method to stop this cruelty is to learn about where meat comes from, start supporting the organic and family farms which will ultimately lead to the reducing the amount of animals that have to suffer. Millions of animals†¦show more content†¦After, another belt takes them to where a worker cuts their throat and allows them to bleed out. Some animals are hung up side down by their back legs and move through the processing line where their necks will be cut one by one (Dugan). Sometimes one of these methods will not work and the animal will be disassembled while still conscious. â€Å"For most humans, especially for those in modern urban and suburban communities, the most direct form or contact with non-human animals is at meal time: we eat them. This simple fact is the key to what each one of us can do about changing these attitudes. The use and abuse of animals raised for food far exceeds, in sheer numbers of animals affected, any other kind of mistreatment† (Coats). The most effective method to stop this cruelty is to learn about where the meat comes from, by supporting the organic and family farms which will ultimately lead to the reducing the amount of animals that have to suffer (PETA). More than 95 percent of animal abuse in America occurs in the meat packing industry (Harper Low). Animals suffer an unimaginable amount, they are raised to be killed, then bought and then consumed. In order to help fight back against the abuse, there needs to be a cut back on the amount of meat or poultry that is consumed. Seriously consider the option of beco ming a vegetarian; by not eating meat, you completely stop supporting animalShow MoreRelatedAnimal Cruelty Should Be Punished1665 Words   |  7 Pages Animal Cruelty There are many cruel things that people are doing to hurt and neglect animals. This is called animal cruelty, and animal cruelty is when someone harms an animal or does not care for that animal responsibly, such as not giving a cat or dog food or water and not providing them with veterinary care. 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Wikipedia states: â€Å"Cruelty to animals or animal abuse is the infliction of suffering or harm upon animals, other than humans, for purposes other than self-defense†. To put it in other words its harm for specific gain, such as killing animals for food or for their fur. Many people may say that that in an ideal world, animal cruelty would notRead MoreHorse Slaughter : The Inhumane Murder Of Innocent Horses2187 Words   |  9 PagesHorse slaughter is just exactly as it sounds. It is the inhumane murder of innocent horses. I will never understand how someone can sit and actually enjoy a meal consisting of horse meat knowing how that horse came to be served for dinner. It’s a cruel and heartbreaking process that starts from the moment the poor horse is loaded on a transport trailer. These horse suffer in worst fashion from abuse and neglect until they are unfortunately killed and severed for a meal. This is not okay. 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The author uses the example of other animals by saying, â€Å"Pigs are every bit as intelligent and feeling, by any sensible definition of the words. They cant hop into the back of a Volvo, but they can fetch, run andRead MoreDeath And Humanity Of Animals Essay1677 Words   |  7 Pageshoists the animal into the air.†(Foer 117) Foer’s vivid description of the bloody slaughter on the killing floor reveals the cruelty in the animal industry and evokes criticism of inhuman treatment and the terrible circumstances animals live in. During class, some of us reached an agreement that massive slaughter of animals raised for meat is unethical and should be condemned, while eating meat from animals that have peacefully passed away seems acceptable. In both situations the animal is dead, soRead MoreThe Bloody Slaughter On The Slaughter Essay1674 Words   |  7 Pageshoists the animal into the air.†(Foer 117) Foer’s vivid description of the bloody slaughter on the killing floor reveals the cruelty in the animal industry and evokes criticism of inhuman treatment and the terrible circumstances animals live in. During class, some of us reached an agreement that massive slaughter of animals raised for meat is unethical and should be condemned, while eating meat from animals that have peacefully passed away seems acceptable. In both situations the animal is dead, soRead MoreAnimal Rights And The Rights Of Animals1843 Words   |  8 Pagesrights of animals and if they think and feel like humans do. Many people see animals as mindless creatures or as food, while others think they have emotions and can feel pain. In other countries animal protection laws are in place that are strictly enforced and seem to work well with the system. In the United States however; some of the animal rights laws are considered to be useless and under-enforced (Animal Legal Historical Center). More people today are beginning to see that animals should haveRead MoreAnimal Rights : Animal Cruelty Essay1520 Words   |  7 PagesAnimal Rights Animal rights, the rights believed to belong to animals to live free from use in medical research, hunting, and other services to humans. Animal Cruelty is the human infliction of suffering or harm upon any non-human animal, for purposes other than self-defense or survival.   Ã‚  Animal Cruelty exists and it should not. Animals feel pain and fear like we do, but they are helpless.They can’t tell us that it hurts, they can’t communicate their pain because we do not speak their language

Software Management Software Process Improvement

Question: Discuss about theSoftware Managementfor Software Process Improvement. Answer: Introduction The report depicts the importance of software process improvement in software industries. In order to get maximum benefit from the competitive marketplace identification of barriers are very important (Unterkalmsteiner et al. 2012). Once barriers will be recognized removal of global challenges will become easier. Implementation of least number of formal SPI methodologies, lack of employee motivation, job pressure and availability of less resource are the reason for barriers creation. Quality of the products is one of the most important emergent properties required to develop a life cycle project for software development (Fenton and Bieman 2014). The Summary of the Article SPI is referred to as an assessment and development of different software processes and practices. The goal of SPI is to develop the process of software development including its establishment, capacity improvement and critical process. Some factors such as cost, feasibility, time management, resource and maintenance are analyzed for SPI process (Turk, France and Rumpe 2014). The major objective is to provide an error free application with affordable price to the consumers. Literature Review The process of software development has become one of the major concerns among the software industries. This process is generally used by the organizations for software implementation and maintenance (Khan and Keung 2016). In order to enhance global advantages and competitiveness, SPI best policies and practices are adopted by software enterprises. Technology is a gift but on the other hand after adopting these, organizations are facing severe external attacks. Due to the distributive nature of SPI, different challenges that the organizations are facing is illustrated in this report. Additionally, nine success factors of SPI and six major barriers are also indicated in this article. Based on the advantages and disadvantages the factors are ranked. Moreover, the barriers that must be removed to achieve the goal of the organizations are mentioned in this report elaborately. According to Khan and Keung (2016) in order to optimize different software processes SPI based standards and models are developed. CMMI is one of the efficient models among them. Kreiner et al. (2016) stated that, to accomplish qualitative and quantitative software standard of CMMI and ISO are generated. Again Turk, France and Rumpe (2014) opined that, the success factors are extracted to determine the barriers of SPI and remove it from the core model. Different authors provided different view as; Clarke et al. (2016) said that, for ISIT projects, SPI provides thoughts of success criteria. Thus, it can be said that, review on IT architecture is the best process to find and ensure the effective design quality for software development. Methodologies Systematic literature review is adopted to determine and classify the success factors and barriers. It helps to develop the distributive management activity of a software system. Again, the same method can be applied to classify the issue formed within distributive teams. The questionnaires relevant to research areas can be examined and classified by SLR method (Unterkalmsteiner et al. 2012). Different methods adopted by the authors in this article are research problems, questionnaires, data collection and synthesis of those data. Other models are process maturity model development, Software process access and software capability evaluation. Figure 1: software process maturity (Source: Harter, Kemerer and Slaughter 2012, pp-812) Discussion on the Result From the research result it can be concluded that, dependent variable and independent variables both metrics are measured for calculating the result (Turk, France and Rumpe 2014). The factors that come under consideration are involvement of staffs, management commitment, training and development of the team, information delivery, SPI awareness etc for data extraction. The resultants have identified the barriers and tried to resolve it. Figure 2: Process flow (Source: Unterkalmsteiner et al. 2012, pp-400) Conclusion From the overall discussion it can be concluded that, barriers and success criteria can also be compared mathematically to define the progress of the processes and priorities. From findings and analysis it is clear that, proper implementation and usage of SPI can lead one organization in the way to global competitive success. Lessons Learned Definition of SPI SPI is referred to as a strategy which implies the effectiveness of software processes and also ensure the software development (Clarke et al. 2016). A meaningful or efficient strategy that is more focused, flexible and reliable can be developed by SPI to improve software products. Processes of SPI There are three processes involved in the system such as resource, activity and products and again activities are subdivided in planning, analysis, design, testing, training and implementation and products of SPI are subdivided into hardware, software and documentation. Importance of Consideration The factors are considered as software process is strictly connected to assessment, and capability determination (Kreiner et al. 2016). The improvement strategy identifies and makes suggestive changes required in software processes. Software process is examined by the assessment. Strength, weakness and maturity of software model can also be measured with the help of these factors. Thus, these factors are selected. References Clarke, P.M., O'Connor, R.V., Rout, T. and Dorling, A. eds., 2016.Software Process Improvement and Capability Determination: 16th International Conference, SPICE 2016, Dublin, Ireland, June 9-10, 2016, Proceedings(Vol. 609). Springer. Fenton, N. and Bieman, J., 2014.Software metrics: a rigorous and practical approach. CRC Press. Harter, D.E., Kemerer, C.F. and Slaughter, S.A., 2012. Does software process improvement reduce the severity of defects? A longitudinal field study.IEEE Transactions on Software Engineering,38(4), pp.810-827. Khan, A.A. and Keung, J., 2016. Systematic Review of success factors and barriers for Software Process Improvement in Global Software Development.IET Software. Kreiner, C., O'Connor, R.V., Poth, A. and Messnarz, R. eds., 2016.Systems, Software and Services Process Improvement: 23rd European Conference, EuroSPI 2016, Graz, Austria, September 14-16, 2016, Proceedings(Vol. 633). Springer. Turk, D., France, R. and Rumpe, B., 2014. Assumptions underlying agile software development processes.arXiv preprint arXiv:1409.6610. Unterkalmsteiner, M., Gorschek, T., Islam, A.M., Cheng, C.K., Permadi, R.B. and Feldt, R., 2012. Evaluation and measurement of software process improvementa systematic literature review.IEEE Transactions on Software Engineering,38(2), pp.398-424.

Spiritual Development Essays - Morality, Human Behavior, Laziness

Spiritual Development To get to spiritual growth that one must follow steps to go by Love, discipline, Responsibility problem and pain. Spiritual growth is not achieved easily. A person must, learn to love, love him self, and to love to achieve love. Discipline without it he has no responsibility. To achieve discipline one has to have love. Parents whom do not desire so to love and their children will result in the children growing up without the knowledge of discipline or responsibility. When one grows up with out love, responsibility, and discipline you became lazy. The greatest sin humans can commit is laziness when he is lazy he cannot achieve spiritual growth. One can achieve this when he is with god. Then he has over come mental illness. Being one with God means learning how to discipline his self so he will no be lazy to work toward responsibility. When he has solved his own problems on and loved on his own then the he has his goal of the mean his life. The feeling of being valuable is essential to mental health and is a corner stone of self-discipline. If one feels valuable then is no way for person sprit to be broken true discipline. I highly suggest this boot be recommend to trouble teens and when need love, and spiritual growth. Spiritual Development Essays - Morality, Human Behavior, Laziness Spiritual Development To get to spiritual growth that one must follow steps to go by Love, discipline, Responsibility problem and pain. Spiritual growth is not achieved easily. A person must, learn to love, love him self, and to love to achieve love. Discipline without it he has no responsibility. To achieve discipline one has to have love. Parents whom do not desire so to love and their children will result in the children growing up without the knowledge of discipline or responsibility. When one grows up with out love, responsibility, and discipline you became lazy. The greatest sin humans can commit is laziness when he is lazy he cannot achieve spiritual growth. One can achieve this when he is with god. Then he has over come mental illness. Being one with God means learning how to discipline his self so he will no be lazy to work toward responsibility. When he has solved his own problems on and loved on his own then the he has his goal of the mean his life. The feeling of being valuable is essential to mental health and is a corner stone of self-discipline. If one feels valuable then is no way for person sprit to be broken true discipline. I highly suggest this boot be recommend to trouble teens and when need love, and spiritual growth.