Option Pricing Model in Valuing a Company in the Context of Pfizer Dissertation

Option Pricing Model in Valuing a Company in the Context of Pfizer - Dissertation Example His constant guidance and positive attention helped researcher to concentrate more on the research topic. The researcher would also like to thank his other professors for acting as a support system when required along with helping and guiding when needed and required. The support and cooperation of the University in allowing access to the library helped in referring to different study materials that further help in understanding the research topic in a sound manner. The researcher would also like to thank his family for being there as a strong support system often guiding and supporting along with enhancing the level of motivation and excitement through kind and positive feedback. The researcher feels blessed to have friends who not only shared their views and opinions on the research topic bust also brainstormed to add more value to the research topic. Overall, the researcher would like to acknowledge the efforts and support of everyone playing an important role in the entire resear ch process. Without the support and cooperation of above mentioned people, the research would have been an aimless journey lacking depth and understanding. The researcher expresses his deep gratitude for all the support and guidance along with being thankful to everyone for being so kind and supportive throughout the research journey. TABLE OF CONTENTS Chapter 1.Introduction 4 1.1 Introduction to the Research Topic 4 1.2 Research Aims and Objectives/ Questions 5 1.3 Scope of the Research 6 1.4 Rationale for the Research Topic 7 1.5 Limitations of the Research 8 1.6 Methodology 9 1.7 An Overview of Pfizer 10 1.8 Summary 11 Chapter2.0 Literature Review 12 2.1 Introduction 12 2.2 An Overview of Options 12 2.3 Types of Options 14 2.4 Factors Affecting Options 16 2.5 Application of Option Pricing Model 18 2.6 Option Pricing Model in Real World 19 2.7 Option Pricing Model and Historical Data 20 2.8: Summary 21 Section 3.0 Research Methodology 22 3.1 Introduction 22 3.2 Research Philosophy 22 3.3 Research Approach 23 3.4 Data Collection Methods 23 3.5 Data Analysis Methods 24 3.6 Ethical Considerations 24 3.7. Strengths of the Methodology 25 3.8: Limitations of the Methodology 25 Chapter 4.0 Findings and Analysis 26 4.1 Introduction 26 4.2 Value based Management 26 4.3: Economic Value Added 28 4.4: Market Value Added 29 4.5: Option Pricing Models 30 4.6: General Findings 32 4.7: Summary 34 Chapter 5.0 Conclusion and Recommendations 35 5.1 Introduction 35 5.2 Conclusion 35 5.3: Recommendations for Future Research 36 5.4: Recommendations for Pfizer 36 5.5: Reflection 37 5.6 Summary 37 BIBLIOGRAPHY 38 CHAPTER-1.0: INTRODUCTION 1.1: Introduction to the Research Topic Business environments have always been unpredictable and hard to understand and therefore, it becomes important to understand the intricacies of business environments and financial concepts that will help in understanding the growth and development of organsiations. In finance, the time value of assets and o rgansiations is calculated through the analysis of intrinsic and extrinsic values that vary in a great manner (Aswath, 2008). In finance, the concept of â€Å"Option† is defined as a derivative financial instrument specifying a contract between two parties for a future transaction revolving around an asset at a reference price (Aswath, 2008) In today’s time, the concept of option pricing has emerged as a safeguarding tool for a number of organsiations willing to

IT Oversight Case Study Example | Topics and Well Written Essays - 1000 words

IT Oversight - Case Study Example Consequently, these issues have created greater demand for the organizations to adopt effective IT governance and address the issue of oversight in order to effectively deal with the emerging issues. Presently, companies are identified to face problems in the area of IT governance and oversight framework with respect to proper management and maintenance of existing IT infrastructure. Additionally, companies fail to understand the importance of IT in formulating organizational strategies. Due to increased complication associated with management of IT infrastructure, companies are witnessed to be challenged with ensuring reliability, security and quality of the existing IT system which are deemed to be important for carrying out the day- to-day operations of a company. Companies lacking knowledge about IT infrastructure are unaware regarding software, information and hardware that are owned and implemented, which in return is affecting the companies from leveraging the best outcome from their IT investment. The failure of companies to review reliability and security measures has led to service disruption. There is also the issue of inappropriate project management system owing to which companies are identified to face problems in tracking inventory, orders and revenues. A number of organizations are also identified to face IT-related issue in relation to the implementation of legacy system. Inappropriateness of legacy system adversely affects accounting department of companies in updating as well as accounting financial information and other relevant data due to which data might become out-of-date. Companies are also under the threat of legal problem of intellectual property which in turn is causing a rise in distraction costs and affecting business inefficiency (Nolan & McFarlan, 2005). Companies are required to develop a matrix based on which the management might be able to determine the position of the

Chinese Birth Control Policy and gender discrimination Research Paper

Chinese Birth Control Policy and gender discrimination - Research Paper Example On the other hand, opponents of this policy have criticized the legislatures claim, and they argue that this policy had violated human rights especially when married couples are forced to an perform abortion or forced to use birth control methods. Additionally, in its approach towards population control, Chinese government has been established to discriminate against women. For instance, a report released by a United Nations Agency indicated that nobody in China reports cases of sex selective abortions, prohibition of infanticide and abandonment of female infants (Goh 15). In the current world, China has the highest population of over 1.2 billion, or 20 percent of the world’s population (Goh 57). However, the ratio between male and female is 120 males to 100 female (Goh 57). As the Chinese population control remains a significant issue in the Chinese government, the search for demographic goals has overshadowed the needs and interests of women and girls. This has led to seriou s discrimination against women in offices, abuse by officials and civil servants, and use of physical violence against women (Thoma 24). For instance, in many Chinese communities, women and girls are forced to be sterilized or use contraceptives, as a birth control method. ... ited for a number of significant achievements such as its international influence, huge and powerful military, its role in the free-market capitalism, and its growing prosperity. However, the issue of â€Å"One-Child policy†, which it introduced in the last three decades, still remains as a controversial issue, in the Chinese government. Communist Party officials insisted that they had to check population growth rate, and reduce the population to 1.2 billion by the year 2000 (Thoma 9). In 1980, the party officials also announced that several couples will not be allowed to have more than one child, with the exception of some few individuals. Earlier in 1949, after decades of war, unrest and epidemics, which were perceived as economic boom, Mao Zedong claimed â€Å"Even if China’s population multiplies many times, she is fully capable of finding a solution; the solution is production† (Thoma 43). Mao’s main motive was that a larger population was a necessity for a modern industrialized state. After some years of economic growth and prosperity, Chinese legislatures realized that the growing population was almost overtaking the country’s food supply. In 1955, several political leaders, led by Deng, reversed Mao’s claim, and vigorously campaigned to promote birth control. In 1962, a massive famine hit China, and over 30 million people were pronounced dead. This made political leaders to intense their campaign for population control, and between 1970 and 1976, the China’s population had dropped by half the initial population (Thoma 56). China’s â€Å"One-Child† Policy In the aftermath, a policy that required married couples, especially from Han community, to give birth to one child was introduced. This policy, however, exempted ethnic minorities. Under the

Business Aspect of Social Networking Essay Example | Topics and Well Written Essays - 1500 words

Business Aspect of Social Networking - Essay Example However, the higher levels of enthusiasm shown by people in the interesting features and entertainment potential of such sites bring about negative trends in the new generation in some areas of their expectations. This essay looks deep into the influential changes of social networking trends and their merits and demerits in the individual lives and education of the new generation and those affecting the modern world. Advantages of social networking sites In the technology-driven social life today, anything that promises guaranteed effort to time-saving aspects takes a step higher than any other benefit science can bring to man. Social networking sites such as facebook, twitter, likedin and Google+ offer extensive scope for sharing ideas by connecting people from wherever there is internet. Especially, facebook has a vast scope of promoting business through its banners and paid pages for advertisements apart from the usual walls. The scope of facebook today is unlimited for the busine ss enterprises, especially for its amazing popularity. According to Westwood (2011, p. 95), facebook, which was started primarily as a student based networking now has grown a social networking site with growing opportunities for companies for setting up their own dedicated site as facebook groups or for creating applications or company advertisements. Similarly, other sites such as twitter, Myspace and Likedin etc contribute their own share in the field of benefits to the business society. The most noticeable element of these sites is their immediate access to an open public and the easiest solution to the quest for a review of new proposals of companies and organisers of events. In most contexts, the success ratio can be predicted from the digitalised review of the advertisers’ views by the readers on facebook and thereby necessary changes can be made in the actual presentation. In the field of education, social networking and internet access at home and school has proved s ubstantially good for the students’ career excellence. Effective use of such websites allocate for combined study times and online updating of current status of learning among classmates. Some of the groups formed by students themselves can act as a group learning virtual classroom and work accordingly for better results. More interestingly, the BBC reports (Coughlan, 2009) reveal that the approval of facebook use in the campus reduced drop-out numbers and students are becoming more enthusiastic to learning by sharing information among co-students and teachers regarding their curriculum based assignments. Even for the people, the entry of social networking sites as the greatest means to plan their daily activities and getting connected among similar interest groups for obtaining information on politics, travel, health and entertainment apart from their purchase needs. Challenges of social networking sites Social networking sites are worthy of connecting people and their ideas beyond imaginable limits. However, they pose serious threats to personal as well as organisational objectives if they are not

A history of the play and the playwright plus a list of works Essay

A history of the play and the playwright plus a list of works referenced - Essay Example He was, in the eyes of the world, an ordinary young man. But he was soon to prove them wrong. Shakespeare came into the picture in 1592, as an actor and dramatist. The exact date of his entrance in the theatrical world is as yet, not known, but it is believed to be the late 1500s. And still, the first published work of the infamous William Shakespeare was seven years after his demise, in the year 1616, a result of the efforts of his companions and colleagues. It was called, The Great Folio of 1623 (Honigmann 1-12). His works were considered classic during his lifetime, but the fame was nothing which came after his demise. Shakespeare’s plays and sonnets mostly followed the genre of tragedy, yet in the later part of his career, he wrote romantics, or tragic comedies. But it was the tragedies that really took place into the hearts and souls of men. He gave authenticity to his tragedies by relating them to real historical instances; however, the plays were not in the exact timeli ne of these instances (Bevington 50-68). His tragedies are renowned for a reason. â€Å"Shakespeare’s language, his insight into the characters, and his dramaturgical inventiveness set his tragedies apart from any else† (McAlindon 1-22). Any exceptional play or book is exalted in the words, â€Å"like a Shakespearean tragedy†. However, no tragedy can ever touch the bar set by Shakespeare. It is that reason that his tragic works became so distinguished. â€Å"A tragedy is an intense exploration of suffering and evil focused on the experience of an exceptional individual, distinguished by rank or character or both† and Shakespeare’s had it and more (McAlindon 1-22). One such Shakespearean Tragedy was the story of Caesar. Shakespeare’s main source for the play is Plutarch's famous biography  The Life of Julius Caesar, written in Greek in the 1st century and translated into English in 1579 by Sir Thomas North. The Tragedy of Julius Caesar was published in the First Folio in 1623; however, it was performed on stage before that. The earliest performance of the play that has been recorded was in Shakespeare’s time. It was held in the Globe Theatre (possibly), on the twenty first of September, 1599 (Ripley 13-14). It was Thomas Platter, a Swiss traveller, who saw and recorded this play which has been the earliest record of The Tragedy of Julius Caesar. According to his memoirs, the play was performed by excellent actors in a â€Å"strewn roof-house† at around 2 o’clock after dinner (Ripley). Shakespeare’s writing on Caesar was not the first, nor was it the last. Many writers wrote before him about the great Caesar, and even more wrote after Shakespeare. Yet none was able to capture the beauty of the story; no one portrayed better the betrayals, the morbid qualities, the desperation and the love in the story. It therefore, became most known as Shakespeare’s tragedy, rather than being known a s one of his numerous works. In fact, among all of Shakespeare’s plays, Caesar stands ninth in theatrical popularity; Macbeth, Othello Hamlet and such preceding it (Raffel xvii-xix). Caesar himself appears very few times throughout the play, however. It is the chaos that reigns after his death that captivates the audience. A particularly famous one that I love is the twentieth century production by Orson Welles. George Orson Welles remains one of the most famous of all Hollywood’s directors. He was also a writer and his take on this play

Special needs- children Essay Example | Topics and Well Written Essays - 500 words

Special needs- children - Essay Example By this system the people who were excluded will be reached and will be provided with a safe and comfortable environment, in which they will grow all together leaning cooperation. I belief true inclusion provides an opportunity to the children and youth with special needs to develop a sense of belongingness through nurturing relationship outside their family, acquiring the knowledge of support system and access to community. The children without special need can also benefit from this inclusion by getting acquainted to the atmosphere of value diversity. Previously the schools did not address the issue of varied learning style for the children instead they have one size fit for all curriculum that did not included the children with special need. To change this and to promote inclusion special education legislation and research has developed special services that will provide service and placement to all students regardless of their disability. Inclusion of special need children is a very controversial topic but my personal experience says that it leads to a substantial affect on the upbringing of a child. On this note I would like to share one of my personal e xperiences, which makes me belief like this. One of my friend’s son was suffering from Partial Autism. Though he was fine in communication but he lack some of the normal communications like he used to repeat the same sentence again and again. Whatever his parents said he didn’t paid attention towards them instead he did things as per his own wish. My friend consulted many doctors but there was no improvement. He got him admitted to a school where inclusion was followed. It worked as a miracle. He has now got his own friend circle, which makes him learn the normal ways of talking, playing and writing. He gets the feel of the normal society which he was devoid of before. He has now become more confident than before. Now he has started listening to his parents and follows their instructions. I

2500 words essay Example | Topics and Well Written Essays - 2500 words

2500 words - Essay Example A concert involves a live performance of music before a significant number of individuals also referred to as audience. Being held in various settings including private houses, nightclubs, entertainment centers, parks and concert halls among other places, concerts comes in different forms based on the musical genre, venue of performance and the individual performers. As an individual who is focused at improving my academic performance, I usually attend music concerts in various places in order to feel relaxed an aspect that improves my concentration. Additionally, I am focused at obtaining adequate information prior to attending the concerts. I usually obtain such information from the internet as well as bill boards that are in most cases elected in major towns and highways. This paper seeks to discuss my experience during my attendance of Rock in Rio 5 concert in September 2013. Rock in Rio is an event that originated from Brazil. Being held in series, the concerts attract large audience who come face to face with well known musicians from various countries. Rock in Rio 5 which is one of the series of Rock in Rio was held on 2013. Some of the notable musicians that participated in the concerts included Justin Timberlake, Beyonce, Bruce Springsteen, Muse and Bon Jovi among others. Having started in Friday 13 September in Brazil, the 7 days event brought together more that 1 million people from different parts of the world. During the first day, David Guetta, Beyonce and Ivete Sangalo did their presentations during the Palco Mundo an event that attracted large audience especially among the college and university students. Majority of the people who arrived at the concerts were attracted by the performance of the three artists who are famous locally and internationally. Based on the fact that a large section of the audience were aware of the songs that were sa ng by Beyonce, the audience was able to sing along with her an aspect that made