Essay about Motivation for Work - 1207 Words

Work is a positive thing for many people. To some people, it may be described as a place to escape from the kids, or even a time consumption thing for a single or retired person, but most importantly it is what we do in order to provide for our families and ourselves. Work is something that we all will experience at one time or another during our lives. There are several reasons why a person goes to work. These reasons can be better explained as work motivation. Work motivation can be defined as the inner forces that make us work and want to work harder to achieve personal or organizational goals (George Jones, 2005). There are two different types of motivation; intrinsic and extrinsic. When personal goals motivate us,†¦show more content†¦On the other hand, things like total accomplishment motivate Aberdeens employees; they thrive on bettering the work environment, learning new skills and getting to participate in-group leadership. You could say that the main difference between the Aberdeen and Green River plants have mostly to do with which type of motivational reasoning each have. Aberdeen employees are motivated for intrinsic reasons. They continue to work hard for the satisfaction of the entire company doing well, as Green River employees do things for extrinsic reasons. They are only concerned with doing only what it takes to make more money. There are several different ways an employer can motivate their employees: job design goals, performance appraisal, pay, and career development. Job design is the process of envisioning and defining specific work systems for a particular job, and deciding what techniques, procedures, and equipment that it will take to do the job (George Jones, 2005). Job design plays an important role in enhancing motivational levels in the workplace. It seems that if you can break jobs down individually and make them simpler to understand do, then people are more apt to do them effectively. With this in mind, I would like to recommend that Green Rivers management break their jobs down into steps to help simplify and make for better production. Developing goals and teams, as well as teaching them to share theShow MoreRelatedTeam Work and Motivation1259 Words   |  6 PagesTeamwork and Motivation Motivation is the internal and external factors that stimulate desire and energy in a person to be continually interested and committed to a job, role or subject, or to make an effort to attain a goal (Business Dictionary, 2013). The main priority of an organization should be its people. They are the ones who help maintain the mission and the vision of the organization as well as keeping the business flowing. This paper will provide a design of an organization motivation plan, identifyRead MoreEmployee Work Motivation 1386 Words   |  6 Pagesimportant to an organization, because work motivation relates to the performance of employees and their behaviour towards the organization (Katzell Thompson, 1990). â€Å"Managers see motivation as an integral part of the performance equation at all levels, while researchers see it as a fundamental building block in the development of useful theories of effective management practice (Steers, Mowday, Shapiro, 2004, p. 379)†. In this st udy the role of work motivation of prospective employees played a centralRead MoreMotivation at Work Essay794 Words   |  4 PagesMotivation at Work It may seem obvious that staff should be motivated; however, from the point of human resources management this is only true if motivation leads to improvements in the work. 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Webster defines motivation as an act or process of motivating; the condition of being motivated; a force, stimulus, or influence: incentive or drive (Motivation). It is most often the job of the manager to use motivation to drive its employees to accomplish acts which they normally would not have done. The study of motivation helps managers understand what prompts people to initiateRead MoreWork Motivation Theories2557 Words   |  11 PagesIntroduction The work motivation theories can be broadly classified as content theories and process theories. The content theories are concerned with identifying the needs that people have and how needs are prioritized. They are concerned with types of incentives that drive people to attain need fulfillment. The Maslow hierarchy theory, Fredrick Herzberg’s two factor theory and Alderfer’s ERG needs theory fall in this category. Although such a content approach has logic, is easy to understand, andRead MoreMotivation in the Work Place1905 Words   |  8 PagesMotivation in the Work Place Abstract Motivation is the study of what makes us do things. Every day we are faced with many decisions. What choice we make is the study of motivation. There are several theories of motivation; the theory of opportunity-cost is the most widely recognized. This paper will discuss (1) the major forces that drive us, (2) diverse influences, and (3) tangible and intangible outputs. Through the years there have been several theories as to what motivatesRead MoreThe Role Of Meaningful Work On Work Motivation Theories1286 Words   |  6 PagesRole of Meaningful work in Work Motivation theories 1. Introduction Work signifies an important aspect of human being’s life owing to the outcomes related with it, such as economic outcomes (salary, financial incentives), social status and fulfillment of needs. This had inspired organizational scholars to explore, what motivates one to work, leading to tremendous research on work motivation. Motivation theories can be classified through three predominant approaches (Chalofsky, 2003): 1. ContentRead MoreQuestions On Work Motivation And Attitude1595 Words   |  7 PagesMullen-RhoadsRIOP8400-8-5: Work Motivation and Attitude Internal thoughts or feelings provide motivation for people to behave in a certain manner (Spector, 2012). In the work environment, attitudes can indicate an employee’s feelings towards coworkers, superiors, and position within the organization or a desire to realize a goal (Rodell, 2013; Spector, 2012). Although attitudes are internal, they can affect how an individual behaves. Therefore, behavior, whether good or bad, is often the way inRead More Americans Motivation to Work Essay518 Words   |  3 PagesAmericans Motivation to Work The majority of Americans get up each morning and go to work in order to earn money. But what are the true motivators for working and where do they come from? How do wage rates and other forms of compensation affect the quantity of labor supplied to the market? This essay will discuss how labor effects the economy. Each person working plays a role in society and production output. These are areas that need to be addressed when the supply of labor is being

Greek Lore Research Paper Outline - 1082 Words

Greek Lore Research Paper Outline Folklore is a collection of stories passed down from generation to generation that include Legends, Myths, and Fairy Tales. Legends are traditional stories sometimes popularly regarded as historical but unauthenticated. Myths are traditional stories, especially one concerning the early history of a people or explaining some natural or social phenomenon, and typically involving supernatural beings or events. Fairy Tales are false stories that is meant to trick people Greek folklore is most heavily concentrated on gods such as:Zeus the god of the sky, Hera Goddess of Marriage, Poseidon God of the Sea Demeter. Goddess of Agriculture Ares. God of War. etc The values in Greek lore are highly placed on religion. These religions are important to the bedrock of Greek life because their culture believes that their gods have a hand in every aspect of their lives. The significance of oral tradition and folklore in history is the history behind every folklore they didn t just wake up one day with the idea they were made throughout time Oral tradition helped the culture evolve by being told and retold and retold. They were spread and retold across the village, then spread to the nation and eventually the world. Oral tradition is important for the growth of a community because it is the fastest way for news to travel. The culture would change terribly because folklore in Greek is mainly gods without the tradition of these gods, then theShow MoreRelatedA Picatrix Miscellany52019 Words   |  209 Pagesinspection reveals that the scope of individual chapters is far wider than appears at first sight. Philosophic doctrines (which, according to the author, are the basis of the talismanic art), theory of magic, astronomical, astrological and physical lore, extensive directions for the practice of the art, and accounts of the peoples by whom it is employed are jumbled together throughout the book, with no discernible guiding principle. If a systematic arrangement is anywhere perceptible, it is in theRead MoreRastafarian79520 Words   |  319 PagesRastafari From Outcasts to Culture Bearers Ennis Barrington Edmonds 2003 198 Madison Avenue, New York, New York 10016 Oxford University Press is a department of the University of Oxford It furthers the Universitys objective of excellence in research, scholarship, and education by publishing worldwide in Oxford New York Auckland Bangkok Buenos Aires Cape Town Chennai Dar es Salaam Delhi Hong Kong Istanbul Karachi Kolkata Kuala Lumpur Madrid Melbourne Mexico City Mumbai Nairobi Sà £o PauloRead MoreExternal Environmental Analysis of Starbucks and the Coffee Industry20319 Words   |  82 Pages...................... 75 External Analysis of Starbucks 5 1.0.0. Executive Summary Starbucks is the global leader of the coffee industry in bringing new and innovative products to market in convenient and easily accessible locations. This paper will provide a detailed analysis of the coffee industry and the external environment which it operates in as well as a comprehensive internal analysis aimed at specific evaluation of Starbucks and its performance. Although Starbucks started from theRead MoreDeveloping Management Skills404131 Words   |  1617 PagesManager: Kelly Warsak Senior Operations Supervisor: Arnold Vila Operations Specialist: Ilene Kahn Senior Art Director: Janet Slowik Interior Design: Suzanne Duda and Michael Fruhbeis Permissions Project Manager: Shannon Barbe Manager, Cover Visual Research Permissions: Karen Sanatar Manager Central Design: Jayne Conte Cover Art: Getty Images, Inc. Cover Design: Suzanne Duda Lead Media Project Manager: Denise Vaughn Full-Service Project Management: Sharon Anderson/BookMasters, Inc. Composition: Integra

Conflict between islam and christianity Essay Example For Students

Conflict between islam and christianity Essay The Conflict Between Christendom And IslamSince Islam came into being, it has clashed numerously with the already established Christianity. Their rivalry has never ceased until today. Modern Examples would be Bosnia and Lebanon. There were not only military clashes but political as well as economical. Although, the rivalry was incredibly intense, ironically, Arabic or Islamic culture managed to severely influence the Christian kingdoms. However, Christianity used all the advantages provided by Islam to their advantage and through that they managed to keep the Arabs at bay. Islamic civilization and its rise were thanks to one man and that is the last prophet, Prophet Muhammad. Islam came into being in 622AD and it was the last of the great civilizations. Islam managed to push the Arabs into a new kind of Unity , which at the same time spread far beyond Arabia, Persians, Indians, North African countries and parts of Europe came under its domination. The Arabs managed to capture most of the most powerful economic areas. In the Mediterranean their navy conquered Cyprus and crippled Byzantine sea power. They first clashed with the Christians when they tried to besiege Constantinople. In 711 they started their raids into Spain and in 716 they conquered it. They tried to conquer France but the Franks under the leader Charles Martel handed the Arabs their first defeat. From the end of the 7th century till the middle of the 11th, the Mediterranean remained something of a Muslim lake and western trade with East Asia wasnt cut off during these centuries, it was significantly diminished and carried on in awareness of Muslim dominance. ( Craig, Graham, Kagan, Turner, The heritage of western civ. In the early Middle Ages the main power in Europe was always the Pope and later in the 700s it was shared with Charlemagne. The combination of these two managed to keep the Arab invasions at bay. But the Christians did benefit with their contact with Islamic culture. The aggressiveness of the Arabs forced western Europeans to rely on their own resources and to develop their own By diverting the focus and energys of the Byzantine Empire, the Arabs prevented it from expanding into Western Europe allowing the Franks and the Lombargs to gain power. And by controlling their Mediterranean Western access to eastern trade and cultural influence was diminished. There was also a lot of creative interchange between these two cultures. The Arab civilization taught western farmers irrigation, the tanning of leather, refinition of silk and educated their scholars. Down to the 16th century the basic gynecological and childcare manuals were compilations of the famous Iranian Islamic scholars physician and philosophers like Razi, Kharazmi and Ibm-Sina were still utilized. These scholars made some of the greatest discoveries. For example Kharazmi discovered the significance of alcohol in medications. ( Cargill, Menzont, Interaction of civ. Pp Relations between the two during those times were not always antagonistic. In 802 Charlemagne received, from the caliph, Harun-al-Rashid, a white elephant. In truth the Christians made not only a great amount of wealth due their contacts with the Arabs with a whole deal of knowledge which led to their ascendancy of power during the Renaissance years. Civilization in Western Europe gained much more than it could have ever before. Another fact about the Islamic civilization was that they were quite a tolerant and practical race. Their tolerance of certain religions like the Jews provided more distaste between the Christians and themselves. This was an antagonism between the two until recently when the Arabs revolted against the new state of Israel. ( Jacobs, Fisher, Einzholdt, Islamic Heritage, Pp 192) There were times when Islamic culture actually managed to influence not only the culture but the religion of the Christians as well. .u105a9c02a8eadf5e2705897c3451a788 , .u105a9c02a8eadf5e2705897c3451a788 .postImageUrl , .u105a9c02a8eadf5e2705897c3451a788 .centered-text-area { min-height: 80px; position: relative; } .u105a9c02a8eadf5e2705897c3451a788 , .u105a9c02a8eadf5e2705897c3451a788:hover , .u105a9c02a8eadf5e2705897c3451a788:visited , .u105a9c02a8eadf5e2705897c3451a788:active { border:0!important; } .u105a9c02a8eadf5e2705897c3451a788 .clearfix:after { content: ""; display: table; clear: both; } .u105a9c02a8eadf5e2705897c3451a788 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u105a9c02a8eadf5e2705897c3451a788:active , .u105a9c02a8eadf5e2705897c3451a788:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u105a9c02a8eadf5e2705897c3451a788 .centered-text-area { width: 100%; position: relative ; } .u105a9c02a8eadf5e2705897c3451a788 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u105a9c02a8eadf5e2705897c3451a788 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u105a9c02a8eadf5e2705897c3451a788 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u105a9c02a8eadf5e2705897c3451a788:hover .ctaButton { background-color: #34495E!important; } .u105a9c02a8eadf5e2705897c3451a788 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u105a9c02a8eadf5e2705897c3451a788 .u105a9c02a8eadf5e2705897c3451a788-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u105a9c02a8eadf5e2705897c3451a788:after { content: ""; display: block; clear: both; } READ: Human Genome And A Look Into Schizophrenia Biology Essay For instance, during the siege of Constantinople in 730 when Leo III managed to repulse the invaders he also got ideas to change certain parts of the Christian religion. He forebade the use of images in Eastern churches and tried to enforce the ban in the West, even though his efforts insulted the Western churches. ( www. UCLA In 1071, the Byzantine Empire was handed a major defeat by the Muslim Seljuq Turks who soon, rapidly, overran the eastern provinces of the Empire. After twenty years of steady Turkish advances, the Eastern Emperor asked for Western Aid in 1092. The reply in three years was the launch of the first Crusades. A century later ( 1204 ) the Crusaders would inflict more damage on Constantinople and Eastern Christendom than all previous non-Christian The first crusade was a risky venture. But for the Pope and the nobility, it was to their advantage to send large amounts of nobles to fight, mainly because of the small feuds back home between idle and restless noble youths. The nobility also recognized the vast amounts of fortunes they could make in these wars. However, in the first crusade, religion was almost the only motive encouraging the crusaders apart from economics. The Christians thought the first crusade was an immense success. The second crusade was a disaster. ( Craig, Graham, Ozment, Turner, Heritage of world civ. Pp 347-350 )In 1187, Saladin reconquered Jerusalem. The third crusade, in the 12th century, enlisted the most powerful Western rulers like King Richard the lion heart of England. But all it lead to was a lot of the peoples tax money being wasted. Overall, the crusades were both a political and religious failure. However, it did stimulate Western trade and interaction with the East.The Arabs would not have been able to spread their beliefs in the Mesopotamian areas if it wasnt for the already existing conflicts between the different types of Christian sects. Even though they were all Semitic as a result, many Egyptians and Syrian Christians, hoping for deliverance from Byzantine oppression, may have welcomed the Islamic conquerors. Even though the Muslims were quite tolerant of other religions, they were quite sensitive and tried to maintain the purity of their religion and culture, the Arabs forbade mixed marriages. Special taxes on conquered people encouraged them to convert to Islam. ( Jacobs, Fisher, Einzholdt, Islamic Heritage, Pp 235-241)The conclusion, which I have come by, is that Islam and Christianity had nothing against each other except for economics and power. Although at one point they fought with each other, mercilessly, their conflict has managed not to only destroy but to create as well. Trade between the Eastern and Western side of the world was one of the greatest interactions between the two. The Western civilizations have managed to not only increase their material wealth but also at the same time, gained immense knowledge, which helped them to develop at an incredible pace. Knowledge which has increased their culture and development. I think that throughout the centuries and millennias conflict has usually been the source of not only devastation but also incredible creation. Bibliography:www.blablqa.com

The North Face Company Essay Example For Students

The North Face Company Essay Executive Summary1997 was a year of record sales and profits for The North Face, Inc. The company experienced significant growth in sales, income, and earnings per share. This has been a continuation of their upward trend since 1995. The North Face has been expanding their retail shops in both domestic and foreign markets. In the process of this expansion though, the company has dramatically increased its overhead costs resulting in greater total liabilities. During the course of 3 years, the liquidity of the company has gone down. After analyzing the financial statements of The North Face, we have discovered a strong upward trend, which makes this company a prime candidate for investors. Its financial achievements have led us to believe that this is a solid company with strong prospects for future success. IntroductionThe North Face Inc. We will write a custom essay on The North Face Company specifically for you for only $16.38 $13.9/page Order now 2013 Farallon DriveSan Leandro, CA 94577TELEPHONE: (510) 618-3500EXCHANGE: NASDAQTICKER SYMBOL: TNFIThe North Face designs and distributes technically sophisticated outerwear, ski wear, functional sportswear, tents, sleeping bags, backpacks and daypacks, all under the North Face name. The company characterizes its apparel-related products as equipment for the body. The North Face products are original designs and carry a lifetime warranty for the original owner against defects in materials and workmanship. The companys goal is to offer the most technically advanced products in its field and to establish the industry standard in each product category. Present and Projected ActivitiesThe North Face currently operates 202 Summit Shops with a projected number of 375 shops to be opened by the end of 1998. The company recently introduced a new multidimensional research design and development process involving a 32 member product development team, the input of The North Faces team of world class athletes, explorers and external technology partners. The North Face also announced a $130 million global credit facility that they will institute in the near future, which will enable them to fund future expansion and support their working capital requirements as they continue to grow. The TNFI is planning to launch an outdoor performance footwear line in the Spring of 1999. They have completed substantial market tests and concluded that footwear is an integral part of being a complete outdoor and exploration brand.Currently, the shoe market is a $2.8 billion industry internationally with a 6% forecasted growth rate annually over the next five years. This presents a significant sales opportunity which will help The North Face become a more balanced year round business. The company has also instituted an in depth European sales and marketing strategy in hopes of generating an internationally known and respected name of quality outdoor equipment. Liquidity Liquidity ratios indicate the corporations ability to meet short-term cash requirements and are important to potential and existing creditors. The current ratio indicates whether the firm will have enough resources to meet obligations becoming due during the next period. In 1997, The North Face had a current ratio of 1.98:1 down from 3.6:1 in 1996. Their current ratio falls below the current industry standard of 2.3:1. Being that the ratio was still greater than one, the company was able to meet current liabilities as they fell due. Their working capital had increased in 1997 to $59,117,000 from $50,438,000 in 1996. The quick ratio is a more stringent test of short-term liquidity. This shows us TheNorth Faces ability to pay off their loans without relying on the sale of their inventories. In 1997 the Quick Ratio was 1.05:1 compared to 1.72:1 in the previous year. The decreased liquidity ratios show that the increase in liabilities could pose a threat to the companys abilities to generate the capital needed to pay the short-term borrowings in the near future. ProfitabilityProfitability ratios indicate the degree of success of a companys operations during the year. This is accomplished through showing the amount of resources needed to generate profits versus the capital consumed in the process and finally, the cash availability to stockholders. Profit margin represents the average percentage of each sales dollar translates into profit. The North Face had a profit margin of 10.2 % for 1997 and 8.6% for 1996, which were both noticably above the current industry average of 2.9%. The North Faces high profit margin is an indication of their efficiency so a lesser amount of sales are needed to generate a desired level of profit. .u783b7c571b7861fb90c023f32943defa , .u783b7c571b7861fb90c023f32943defa .postImageUrl , .u783b7c571b7861fb90c023f32943defa .centered-text-area { min-height: 80px; position: relative; } .u783b7c571b7861fb90c023f32943defa , .u783b7c571b7861fb90c023f32943defa:hover , .u783b7c571b7861fb90c023f32943defa:visited , .u783b7c571b7861fb90c023f32943defa:active { border:0!important; } .u783b7c571b7861fb90c023f32943defa .clearfix:after { content: ""; display: table; clear: both; } .u783b7c571b7861fb90c023f32943defa { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u783b7c571b7861fb90c023f32943defa:active , .u783b7c571b7861fb90c023f32943defa:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u783b7c571b7861fb90c023f32943defa .centered-text-area { width: 100%; position: relative ; } .u783b7c571b7861fb90c023f32943defa .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u783b7c571b7861fb90c023f32943defa .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u783b7c571b7861fb90c023f32943defa .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u783b7c571b7861fb90c023f32943defa:hover .ctaButton { background-color: #34495E!important; } .u783b7c571b7861fb90c023f32943defa .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u783b7c571b7861fb90c023f32943defa .u783b7c571b7861fb90c023f32943defa-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u783b7c571b7861fb90c023f32943defa:after { content: ""; display: block; clear: both; } READ: Mars 3 EssayReturn on Assets illustrates how well a corperations assets are utilized in order to achieve a profit. For example, in 1997, The North Face had a Return on Assets of 14.9%. What is the industry averageIn 1997 The North Face earned 49.2% off of owners investments; this ratio is currently above both its competitors and industry averages. Earnings Per Share have increased from $.96 in 1996 to $.98 in 1997, which is a result of an increase in net income over the past two years. However, there were no cash dividends paid out to common stockholders in either 1996 or 1997. Price to earnings ratio is used as an indicator of the future performance of stock, in 1997, The North Faces stock was selling at rate of 28.2 times the EPS. This average was slightly below the current industry average of 31.1. Despite The North Face falling short of the P/E industry average, we feel they have demonstrated a strong performance to date and exhibit considerable potential in the future. The underlying reason for their shortcoming is they are a relatively new company, with little or no pay-outs to stockholders in the past 5 years. CoverageCoverage ratios measure the corporation s ability to meet long-term debt obligations on a continuing basis. The debt to equity ratio of The North Face in 1997 was 40.7%, which refers to the fact that for every $1 of owners equity gained, they incurred $.40 of liabilities. This is up considerably from 1996 when it was 22.7%, but with the current expansion campaign they are in the midst of, that is to be expected with huge amounts of capital needed. In the process of this venture, they impose many important contractual obligations on the company as these liabilities need to be reduced in order to keep a good standing with stockholders. As it stands now, The North Face is currently financed by 17.5% more of debt. I dont get the more of debt Book value per share is an indication of the net worth of the corporation. In 1997, The North Face had a book value per share of $8.98 and $7.72 in 1996Need to do something hereOperationalStockholders EquityEarnings per share rose 55% in 1997 to $.96 per share. An important factor to look at in the statement of Stockholders Equity is the total shareholders equity which is the owners total claim on the company. This rose from $86,499,000 in 1996 to $103,293,000 in 1997. Retained Earnings increased from $10,113,000 in 1996 to $21,220,000 in 1997. During the 1st quarter of 1997 the price range of common stock reached a high of $21 . The 4th quarter of 1997 showed a high of $27 5/8, which illustrates that with an increase of $5 7/8 per share, giving stockholders a reassurance of growth in the company. Industry ComparisonsBased on current industry comparisons, we feel that The North Face is a company in strong financial position. Two of The North Faces main competitors are K2 and Oakley. As a stockholder we suggest investment in The North Face. The current EPS for 12 months was $.85, compared to an industry average of $0.57, and the EPS for the Fiscal Year was $0.96 compared to an industry average of $0.61. ConculsionIn analyzing The North Faces financial statements, we feel the company. In opening 160 new summit shops in 1997, the company experienced an increase in sales. In 1995 and 1996 the net sales of the compnay were steady at $ 121,534,000 and $ 158,226,000 respectively. Net income was also constant at $ 3,485,000 in 1995 and $4,801,000 in 1997. Due to these openings , the net sales of the company increased by 25% and net income increased by 250%. The first area we examined was the liquidity ratios. Both the current and quick ratios are below the industry standards. We feel that this is due to the large increase of liabilities they have incurred over the past year. Over the past 4 years, the company has continued to expand their technical innovations. They created Tekware, a 100 Percent Not Cotton functional sportswear that resists shrinking and fading and is three times more abrasion- and tear- resistant than cotton. In 1997 The North Face introduced UltraWick, a new technology designed to replace sweatshirts. The North Face has also started a campaign make t heir products readily avaible to everyday customers. They have nine retail shops across the United States and currently operate 220 Summit Shops. The North Face has showed that they are not only concerned about the present success of the company but the future as well. To date The North Face has opened 202 Summit Shops in the U.S., Canada and Europe, with a minimum of 375 planned to be open by the end opf 1998, 550 planned by the end of 1999 , and 800 planned by the end of 2000.They have made plans for the introduction of a new outdoor footwear line to be introduced in 1999. *********IF YOU GO TO LEHIGH IT WOULD BE REAL STUPID TO USE THIS PAPER***************