Saturday, May 23, 2020

The Foreign Policy Failures of British Governments, 1959...

The foreign policy failures of British governments in the years 1959 to 1964 were due to a lack of realism about Britain’s position in the post-war world The years 1959- 1964 saw the occurrence of several foreign policy failures within British Politics. The failures include the formation and downfall of a rival group to the EEC called EFTA, as well as the occurrence of the Suez showing British the loss of the British Empire which previously allowed Britain to stand as a dominating world power. Though, some historians believe that the lack of realism across British politics and society was the root cause of foreign policy failures, whereas other historians tend to disagree. To begin with, it is arguable to suggest that a lack of realism as†¦show more content†¦Because the fact that Britain was no longer financially secure, like many previous Imperial powers at the time Britain could no longer suppress these nationalists because it simply could not afford to and consequently decided to undergo decolonisation. Therefore, we can argue that foreign policy failures such as the Suez Crisis happened because Britain was now a pawn in a Kings game; therefore the emergence of new superpowers like the USA meant Britain could no longer throw its weight about. Britain was lacked of realism at her own position and power for fighting her corner. Though, linking to previous paragraph, the Wind of Change speech did show a realism of the position and a sign for Britain was beginning to adjust despite the failures. It was a significant change in policy which showed recognition of independence movements and move to decolonisation. In this speech, Macmillan was addressing a mainly white audience in Cape Town who believed in apartheid; convince them of the need to face reality. Main audience, however, was not present; he was really talking to Heads of state from around the Commonwealth and to public opinion back home. Establishing the speech as a success, It was proved that Britain had had a difficult time in containingShow MoreRelatedTo What Extent Was the Period of Conservative Rule 1951-64 â€Å"Thirteen Years Wasted†?1719 Words   |  7 PagesThis essay will examine the impact of the Conservative party during their period in office between 1951 and 1964. The assessments by historians of these thirteen years vary widely as the Conservative rule left behind a mixed feeling about its achievements. We will therefore be discussing to what extent their period in office can be described as â€Å"thirteen years wasted†, based on their performances in the political, economic and social sectors. When the Conservative Party came to power in 1951,Read More‘The main reason for conservative dominance in the years 1951 to 1964 was labour disunity’ Assess the validity of this view.2212 Words   |  9 Pages ‘The main reason for conservative dominance in the years 1951 to 1964 was labour disunity’ Assess the validity of this view. (June 2011) Labour disunity was a huge contributing factor as to why the conservatives were able to dominate from 1951 to 1964. However, there are also other factors that assisted conservative dominance. Whether that be conservative strengths, good timing, the end of austerity or their handle on public opinion, all factors contributed to the dominant years. However, how longRead More liberation of ireland Essay3014 Words   |  13 Pagesof political freedom and the establishment of an Irish republic. Centuries of discontent, marked by numerous rebellions, preceded the uprising. The new crisis began to develop in September 1914, following the outbreak of World War I, when the British government suspended the recently enacted Home Rule Bill, which guaranteed a measure of political autonomy to Ireland. Suspension of the bill stimulated the growth of the Citizen Army, an illegal force of Dublin citizens organised by the labour leaderRead More The Dalai Lama’s Government in Exile Essay3781 Wo rds   |  16 PagesThe Dalai Lama’s Government in Exile Soft Policies on Tough Politics If I had to ask the Dalai Lama one question concerning the behalf of his exiled government and the status of his people, I know exactly what it would be. How can you preach non-violence and compassion while watching your people in Tibet suffer such inhumane punishments for simply having national and spiritual pride? As an established political and spiritual leader of any given nation, the first and foremost obligationRead MoreHarry Lee Kuan Yew2292 Words   |  10 Pageswas the eldest child of Lee Chin Koon and Chua Jim Neo. Mr Lee had three other brothers, Lee Suan Yew, Dennis Lee and Freddy Lee and a sister; Monica Lee Kim Mon. Mr Lee belonged to a Peranakan family but as they grew up in British Singapore, he was strongly influenced by British culture. His grandfather, Lee Hoon Leong, had given his sons an English education. His grandfather gave him the name Harry while the name Kuan Yew was given by his father. He was mostly known as Harry Lee for his firstRead MoreLee Kuan Yew - Singapore Prime Minister6837 Words   |  28 PagesINTRODUCTION Lee Kuan Yew led Singapore to independence and served as its first Prime Minister. He was regularly re-elected from 1959 until he stepped down in 1990. Lee Kuan Yew was educated in England, and under his guidance Singapore became a financial and industrial powerhouse despite a lack of abundant natural resources. Lee ruled with ultimate authority, and his zeal for law and order was legendary. In 1990, he stepped down (though he remained in the cabinet as Senior Minister and now MinisterRead MoreIs Fergal Tobins The Best of Decades an Accurate Description of the 1960s in Ireland?2153 Words   |  9 Pagesbecame Taoiseach of Ireland in 1959, a month prior to his sixtieth birthday. He believed that boosting the economy would benefit both the rich and poor margins of society. Lemass, advised by the secretary of the Department of Finance TK Whitaker, was responsible for the introduction of the First Program of Economic Expansion which was seen to have a widely positive effect on the Irish economy. The program involved removing Ireland’s previous protectionist policies which had been in place since theRead MoreIndia s Economic Impact On The Future Of India3342 Words   |  14 PagesINTRODUCTION On 15th august ,1947 when the transfer of power took place , we became the masters of our own destiny but scars that British policies had left on our economic , social and political life were still afresh and we would be haunted by those wounds long after we got independence. The transfer of power was not a single day event but a slow transition whose repercussions were to be felt long after. While India was reeling under large scale migration and communal riots across the countriesRead MoreIndependence Day of Bangladesh9988 Words   |  40 Pagesconstituent parts following the withdrawal and departure of the British. The Bengali support for the creation of Pakistan was a result of the transformation of the Bangalis in British occupied India. During the British rule in the Indian subcontinent, the dominant section of the Muslim upper class had two components, the zamindars (landlords) and the ulema (clergy). A few words about these landlords is absolutely necessary. The British c onsolidated their rule in Bengal by instituting the zamindarsRead More The United States and Cuba: An Embargo for the Ages Essay4604 Words   |  19 PagesThe United States and Cuba: An Embargo for the Ages Cuba’s colorful history can be documented to before the days of the American Revolution in 1776, but today, American policy directly affects many Cubans’ lifestyles because of a nearly 45-year-old trade embargo that has been placed on the island nation. It is crucial to analyze the development of Cuba and its neighboring island nations in order to discern the reasons for Cuba’s current political situation with the United States. The following

Tuesday, May 12, 2020

13th And 13th Amendment Essay - 1881 Words

In the 1860s, the north and the south fought against each other over the long-standing controversy over slavery. At the end of the Civil War, the 13th amendment abolish slavery and slaves were free from their masters. The ex-slaves were free, but it would take some time for them to gain equal rights. Former slaves faced obstacles for equal rights like voting and segregation for nearly a century. Although the 14th and 15th amendments helped blacks with equal rights, there was no one to blaze a trail for blacks until Martin Luther King Jr. came along. Martin Luther King Jr. was a civil rights activist and became a figurehead during the Civil Rights Movement for his peaceful protests. Martin Luther King Jr. peacefully stood against racial†¦show more content†¦Constitution. This amendment was to help African Americans with citizens rights and equal representation. The U.S Constitution stated that the 14th amendment said â€Å"all person born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the state wherein they reside. No state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States.† The 14th amendment provided African Americans that was born in the United States equal citizenship with other natives in the U.S. It also limited the power of states that they could not take away the rights of the citizens of the United States. Racial discrimination was a main factor that led to segregation. Whites racially discriminated against other races due to the fact that whites thought other races were less superior than them. In the late 1860s, a white supremacist group called the Ku Klux Klan (KKK) victimize different races leaders and citizens in the South until 1871. In 1871, the U.S Congress passed a law that the Klan leaders and group members would be arrested for their terrorism to American citizens for a time (Khan Academy). For a period of time, this group of supremacist people tormented different races for their public actions. Due to the Klan actions of threatening different races, Congress decided that they should pass a law that Klan leaders orShow MoreRelatedThe Political Movement Of The Late Dr. Martin Luther King Jr.921 Words   |  4 Pages My essay is based on the political movement of the late Dr. Martin Luther King Jr. â€Å"On August 28, 1963, Martin Luther King Jr., delivered a speech to a massive group of civil rights marchers gathered around the Lincoln memorial in Washington DC. The March on Washington for Jobs and Freedom brought together the nation’s most prominent civil rights leaders, along with tens of thousands of marchers, to press the United States government for equality, Dr. Martin Luther King Jr (August 28, 1963).† TheRead MorePlessy V Ferguson Analysis Essay1386 Words   |  6 Pagesthink if it happened to him, he can happen to any of them also. The 13th Amendment states that â€Å"Neither slavery or involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any other place subjected to their jurisdiction†[3]. This amendment abolishes slavery and all of its rules about persons and property. In Tourgà ©e’s argument, this amendment was violated because by making Plessy move to a separate car, the stateRead MoreImpact Of The 14th And 15th Amendment Under U.s. Policy1154 Words   |  5 Pagesand 15th Amendment under U.S. Policy Nya Mark Central High School November 9, 2015 5th Period â€Æ' Abstract This Paper will examine the Impact of the 14th and 15th Amendment in America. These Amendments were known as reconstruction amendments, including the 13th amendment in the Unites States. Both amendments took a big role in America, and its people. This paper will also show the people that helped take these amendments into place and also the changes. Impact of the 14th and 15th Amendment under URead MoreImpact Of The 14th And 15th Amendment Under U.s. Policy Essay1154 Words   |  5 Pagesand 15th Amendment under U.S. Policy Nya Mark Central High School November 9, 2015 5th Period â€Æ' Abstract This Paper will examine the Impact of the 14th and 15th Amendment in America. These Amendments were known as reconstruction amendments, including the 13th amendment in the Unites States. Both amendments took a big role in America, and its people. This paper will also show the people that helped take these amendments into place and also the changes. Impact of the 14th and 15th Amendment under URead MoreThe Gilded Age1542 Words   |  7 PagesPlessy’s lawyer stated that the law was in conflict with the 13th and 14th amendments. They took a vote ending with 7-1 arguing that a state law â€Å"implies merely a legal distinction† between white and black so it did not conflict with the 13th amendment. The Supreme Court avoided the discussion of the 14th amendment because it banned states from making laws that deny citizens of their rights. The Supreme Court argued that the 14th amendment was to enforce equality of the two races before the law thereforeRead MoreA Brief Note On The Civil War And The Beginning Of Reconstruction1847 Words   |  8 PagesVincent Vincent Afro American 133 Professor Toussaint Losier 10 March 2016 Midterm Exam Essay 1. Emancipation is now viewed as a process rather than a single act. Describe this process from the beginning of the Civil War to the beginning of Reconstruction. Who were the major players and what were their contributions to Emancipation? In particular, how did African Americans, both enslaved and free, push forward this process of emancipation? Introduction - Emancipation in General The election of PresidentRead MoreEssay about President Abraham Lincoln1151 Words   |  5 Pagesthose in the Border States and Union states were also freed with the institution of the 13th Amendment. These advancements toward more equality for African Americans greatly impacted the civil rights movement in the mid-late 1900s. During the 1900s, many African American and white leaders fought for racial equality and rights for African Americans. In their struggle for equality, the Fourteenth Amendment was passed on July 9, 1868, and it stated that all native born people would be consideredRead MoreHarriet Tubman Essay2304 Words   |  10 Pagesstand up for what they believe in and achieve equal rights for men in women in the world no matter what their skin color or gender was. Born to the parents of slaves Harriet Tubman changed the world in more ways than one and will be explained in the essay. Harriet Tubman was born Araminta Ross to her slave parents Ben and Harriet Green. The specific date of her birth is said to be between the years of 1820 and 1821 but there is no actual record of her birthday. This was a common problem of the timeRead MoreThe Reasoning And Significance Of The Emancipation Proclamation1090 Words   |  5 Pageswas at war. President Lincoln had just lost his son Willie to typhoid in February of 1862. (CivilWar.Org Staff 2017) When everything seemed to be going wrong President Lincoln committed an act that would make him known for all time. Throughout this essay, an understanding of the reasoning and significance of the proclamation that was developed by an individual [President Lincoln] that was bound by his own ethical values despite not having support of the one’s closest to him. What is not well knownRead MoreThe Importance Of The Civil Rights Movement819 Words   |  4 PagesKatelynn Douget 9-25-17 HIST 2057-01 The Importance of the Civil Rights Movement This essay will argue that though racism is still ongoing, the Civil Rights Movement was a vital step forward to provide racial equality in America. The Civil Rights Movement did not just happen over a course of days or months, its process took nearly a century. It has never fully stopped racism, but it has definitely made the United States a more equal nation through laws. Unfortunately, personal opinions

Wednesday, May 6, 2020

Communicative Games In Teaching Speaking Education Essay Free Essays

English instruction has drawn much public attending as English has become one of the most effectual international linguistic communications. In such inclination of society for developing hearing and talking accomplishments instead than reading and composing accomplishments, surveies on how to better scholars ‘ speech production accomplishments have been carried out, but there are still many facets left undiscovered. In some non-English speech production states like Viet Nam, many high school pupils frequently find it hard to talk English and experience world-weary and nervous in talking lessons. We will write a custom essay sample on Communicative Games In Teaching Speaking Education Essay or any similar topic only for you Order Now The grounds are because they spend much clip on the topics that they will impact their consequences of university entryway test than the others, because English trials in high schools and in entryway tests are in composing and reading signifiers but non in talking signifier, and because the figure of periods of topics of natural scientific discipline is more than topics of societal scientific discipline or frailty versa. Therefore assorted methods have been used to accomplish the effectivity in learning English speech production, and one of them is utilizing communicative games. It is said that communicative games is one of the most effectual methods to better learning English speech production in high schools due to their positive effects. In add-on, the survey into using communicative games in learning English speech production in high schools is helpful to my procedure of learning pattern in high schools. For the above grounds, the research subject â€Å" Application of communicative games in learning speech production in English 10 † is hoped to lend to the effectivity in learning English speech production. 2. Purposes and aims The survey is to show the effectivity in application of communicative games in learning speech production in English 10. The research has some undermentioned purposes: – To happen out jobs that pupils encounter in speech production categories. To analyze the effectivity of communicative games in speech production categories. To propose some pedagogical deductions to accomplish the effectivity in learning speech production. 3. Scope of the survey The research is examined in 10th grade pupils of three categories at Quoc Hoc high school. For the clip bound and the length bound, the survey trades with four units which are unit 12, 13, 14 and 15 in English 10. 4. Research inquiries – What are the troubles that pupils encounter in speech production categories? – How effectual are communicative games in speech production categories? 5. Methods of the survey The survey is a qualitative and quantitative research. The collected informations by making a study on 10th grade pupils of three categories at Quoc Hoc high school will be quantitatively analyzed. A qualitative analysis on informations collected on pupils will be carried out to demo the effectivity of application of communicative games in learning English speech production. 6. Design of the survey The thesis is organized into five chief parts as follows: Chapter 1: Introduction presents the grounds for taking the subject, the purposes and aims of the survey, the range of the survey and the organisation of the survey. Chapter 2: Literature Review and Theoretical Background includes two parts. The first portion reviews old related surveies. The 2nd 1 is to show an overview of English 10 text edition, state of affairs of learning and larning English speech production in high schools, scholars ‘ communicative competency, communicative activities and communicative games. Chapter 3: Methods and Procedures shows the research design and research methods, the description of the process of informations aggregation and information analysis, the description of participants and instruments in the research. Chapter 4: Findingss and Discussion is to show the findings of the probe and analysis and to discourse the consequences of the study. Chapter 5: Decision and Implications summarizes the survey, shows deductions and restrictions of the survey and suggests for farther research. Table OF CONTENTS Chapter 1: Introduction 1.1 Rationale 1.2 Purposes and Aims 1.3 Scope of the Study 1.4 Research Questions 1.5 Organization of the Study Chapter 2: Literature Review and Theoretical Background 2.1 Previous research plants 2.2 Theoretical Background 2.2.1 Overview of English 10 Textbook 2.2.2 Communicative Language Teaching 2.2.3 Communicative Competence 2.2.4 Communicative Activities 2.2.5 Communicative Games 2.2.5.1 Definition of Communicative Games 2.2.5.2 Functions of Communicative Games in Teaching English Chapter 3: Methods and Procedures 3.1 Research Design and Methodology 3.. Study Procedures Chapter 4: Findingss and Discussion 4.1 Troubles of Students in Speaking Classs 4.2 Effectiveness of Communicative Games in Speaking Classs 4.3 Discussion 4.4 Drumhead Chapter 5: Decision and Deductions 5.1 Decision 5.2 Deductions 5.2.1 Design Principles of Communicative Games 5.2.2 Principles of Application of Communicative Games in Teaching Talking 5.2.3 Some Suggested Communicative Games in Teaching Talking 5.2.3.1 Some Communicative Games for Unit 12 5.2.3.2 Some Communicative Games for Unit 13 5.2.3.3 Some Communicative Games for Unit 14 5.2.3.4 Some Communicative Games for Unit 15 5.3 Restriction 5.4 Suggestions for Further Research EXPECTED OUTCOMES The consequences of this survey are expected as follows: First, games are activities that make people experience relaxed and aroused and utilizing communicative games in learning English speech production draws attending of non lone instructors but besides scholars. Second, instructors can cognize more about the effectivity of communicative games in learning speech production, and cognize how to take or plan communicative games suited for scholars and learning points. Third, learning English speech production is more exciting and effectual because communicative games motivate scholars and assist them comprehend learning points in a natural manner. Plan OF THE PROJECT Occupation Detailss of occupation Time 1 Choosing a subject and planing the program of the undertaking – Determination job countries that require probe – Choosing a suited subject – Consulting relevant surveies and paperss – Planing the program of the undertaking By 24th December 2 Roll uping informations and analysing the information – Design questionnaires – Making study on 10th grade pupils by utilizing questionnaires – Analyzing the information By the terminal of February 3 Writing the thesis – Writing the first bill of exchange – Completing the thesis and composing the concluding bill of exchange By the terminal of March i? ¶ I thirstily underscore my committedness to carry throughing this research paper as scheduled under the direction of my supervisor. i? ¶ The first bill of exchange needs more work ; nevertheless, I agree to assist the pupil on status that the pupil can transport out the undertakings as planned. SUPERVISOR STUDENT Vo Tha »Ã¢â‚¬ ¹ Thanh Dia »Ã¢â‚¬ ¡p Nguya »Ã¢â‚¬ ¦n Thia »Ã¢â‚¬ ¡n Ma »? How to cite Communicative Games In Teaching Speaking Education Essay, Essay examples

Saturday, May 2, 2020

Organisational Decision Making Free Samples †MyAssignmenthelp.com

Question: Discuss about the Organisational Decision Making. Answer: Introduction In order to succeed in today's competitive era, it has become necessary for the managers to ensure that the organisation has a sound decision-making process. The decisions taken by the organisations may relate to the development of products and services, incentives to hire and retain talented employees, marketing strategies for attracting customers, or strategies to ensure growth and success in the market (Shapira, 2002). However, for all the decisions that are to be taken by the managers, it is essential that it is an informed decision, that is, there is a sufficient availability of the information, on the basis of which the decision is taken (Nestor-Harper, 2017). There are various tools and techniques available which allows the managers to compare different alternatives and find the one which has the best outcome. These tools and techniques may include sensitivity analysis, break-even analysis in case of development of new products, scenario analysis, or the application of simulation techniques. In this respect, the following discussion attempts to define the concept of decision-making in an organisation. It is aimed at explaining the link between various capital budgeting techniques, the analytical tools and the way in which they contribute to the overall corporate decision-making. Capital Budgeting and Organisational Decision Making The main assumption in the decision-making process of an organisation is the presence of quality information. Majority of the decisions taken in an organisation are likely to affect long-term sustainability of the organisation, especially the decisions concerning huge investments (Kono and Barnes, 2010). For taking the investment decisions, it is essential that different financial alternatives are thoroughly analysed using different techniques. The financial tools ensure that the decision maker is aware of the decision-making process and has appropriate information which forms the framework for analysing different alternatives. It is not necessary that the decision-making process followed in is same for all the organisations; however, in general, it refers to a step by step process of choosing the best alternative after gathering relevant information and analysing the available options for addressing a problem (Nutt and Wilson,2010; Ingram, 2017). In the context of investment decisions, the main tool and technique used for gathering information and analysing multiple options are the capital budgeting techniques. It is a step by step process which is used to determine the rate of return that the project or the alternative is likely to earn if the investment is made (Dayananda, 2002). These techniques are helpful for the managers to determine which projects are more profitable and the duration within which value of the initial investment would be realised. Capital budgeting technique is considered as a useful tool in the decision-making process as it creates measurability and accountability. This is due to the reason that any investment decision taken without considering the return and risks associated with the project may serve as a reason for the downfall of an organisation. It is one of the techniques that is effective in measuring the efficiency of investment decisions and allow the managers to invest companys money in the profitable alternatives (Baker and English, 2011). With the help of capital budgeting techniques, managers are likely to have an in-depth knowledge about the companys prospective alternatives. It can help the managers in developing long-term strategic plans for the company and seeking out the new profitable investment options. It even enables the managers to forecast future estimated cash flows of the company in case of different investment projects, which is regarded as the main source for creating value for the company in long run. Unlike other decisions of the business which usually includes a single aspect, capital budgeting techniques help the decision maker to take decisions related to companys finance and its investment (Peterson and Fabozzi, 2004). The combination of sound finance and investment decisions can help the company not only in making profits but would also assist in attaining a competitive edge over its competitors in the market. Sensitivity Analysis The sensitivity analysis, also known as what-if analysis is a technique widely used by the managers to gather relevant information for taking decisions. This technique is mostly used for an in-depth study of the alternatives that are present for taking investment decisions. Under this technique, with the assumptions being constant, two variables are studied, namely dependent variable and independent variable. The independent variable is used to determine the way in which the dependent variable will react, that is, the changes in the independent variable is measured on the dependent variable, under a set of given assumptions. With the help of this technique, future outcomes of the decision can be predicted through dependent and independent variable. This technique is useful where the managers are of opinion that there is a possibility that the assumptions made can turn out to be unreliable. The manager is given an opportunity to make changes in the assumptions and other estimates, and determine the effect that it may have on the finances of the project that is to be undertaken. It actually serves as a basis for preparing the managers for contingencies that may arise during the course of a project and the possible losses that it may cause due to such contingencies. In respect of the techniques used for capital budgeting, it serves as a tool for calculating the extent of change in assumptions on the benefits of the project. This signifies that this tool helps in measuring the impact on the net benefits of the project in the quantitative terms (Koening, 2017). The impact of changes in assumptions and estimates, especially in the form of cost, risk and return is calculated on the internal rate of return and the net present value of the projects. This analysis helps in finding out the extent to which the net present value of the project is sensitive to the variables that are used for calculation purpose. Moreover, this would also help the decision makers in identifying the reasons for the failure of project. Adoption of this analytical tool can serve a twin purpose in the decision-making process of a company. The first purpose is that with the help of changing the assumptions and estimates in a project, the managers are likely to find out the trend of changes in the outcomes of the project. Secondly, it would help in determining the role that the input variables play in the economic worth of the project (Borgonovo, 2017). If the input variables are significant or key determinants of the project, the manager has to critically analyse other factors also while making the investment and finance decisions. Scenario Analysis The scenario analysis is an advanced form of sensitivity analysis as it allows the managers to make changes in multiple assumptions at the same time. The decision makers use this analytical tool for measuring the potential variability that exists in the outcomes of a project. Unlike the earlier analytical tool which only allows changes in a single variable, this method enables the managers to make changes in multiple estimates or assumptions. There can be multiple independent variables in the scenario analysis and the impact of all these variables is measured on the outcome of project (Munier, 2011). On the basis of multiple scenarios constructed by managers by altering the estimates, a range of net present value is determined within which the actual outcome of the project would lie. Apart from establishing a base scenario, two more scenarios are established to identify the worst and best net present values of the project, which are termed as worst case scenario and best case scenario respectively. The best and the worst case depict the upper and lower range of the possible outcomes and it is estimated that the actual outcome of the project would fall in this determined range. The best case scenario would have higher profits, low costs, extended product lifecycle, better salvage value of the assets and other favourable conditions (Damodaran, 2008). On the other hand, the worst case scenario would show opposite conditions in terms of sales, profits, costs, prices and salvage value of assets. The main aim of the scenario analysis is to identify the joint impact of multiple variables on the outcome of project. Break-Even Analysis Break-even analysis is an effective tool for taking decisions in investment projects which require the development of new products and services. With the help of this analytical tool, the managers can determine the break-even points, such as the quantity that is to be manufactured and the price at which it should be sold (Vance, 2002). This analysis helps in specifying the requirements that are necessary for the company to ensure that it does not go into losses with the investment decision. This tool focuses on identifying the level which is required to be attained by the company to ensure a no profit, no loss situation. It specifies the minimum quantity that is required so that the project does not incur any losses and where the costs incurred in the project is equivalent to the benefits generated by such investment. In addition to the break-even points, this tool is also effective for studying the nature of different costs that are associated with a project, namely- variable costs, fixed costs and total costs (Cafferky, 2010). However, for taking investment and finance decisions, the managers are required to toughly investigate the entire project and just not take decisions based on this tool. This is due to the reason that in certain situations it does not provide the necessary information such as the extent to which the results of the project are good or bad or the probability of the outcomes. Simulation Analysis The simulation techniques for analysing the alternatives are considered to be an appropriate technique for decision-making. Unlike other analytical tools discussed above, this technique has the capability of indicating probability of the occurrence of outcomes. With the application of computer software, the managers can make continuous changes in different variables and estimates and develop a probability distribution which can indicate the probability of occurrence of certain outcomes (Tam, Tong and Zhang, 2007). This technique enables the manager to determine the probability of the net present value of the projects with the probability of the project outcomes and the relationship that exists between them. In order to examine the outcomes that are risky in nature, this technique makes use of probability solutions and random numbers which are predetermined. For every input variable, simulators are run once the statistical distribution for each variable is estimated (Rosenthal and Pijnenburg, 2012). The purpose of running simulators is to identify the pattern in which the variables of the project affect its outcome. On the completion of this process, the decision makers have the overview of the estimated outcomes of the project and the probability with which this outcome would be achieved. It helps in developing different scenarios of risk-return trade-off, unlike the other analytical tools which provide single point estimates of risk-return trade-offs. Conclusion Every organisation has its own decision-making process and it is necessary for the decision makers to understand this process. The quality of the decisions helps in directing the organisation towards long-term success; for which it is necessary that the managers have the required information for making an informed decision. It is the responsibility of the decision maker to use different analytical tools so that all the alternatives are properly analysed, keeping in consideration the positive and negative aspects of each alternative. It is concluded that investment and finance decisions are one of the critical decisions which have a direct impact on sustainability of the business. The capital budgeting techniques allow the managers to analyse the risk associated with each project and the rate of return that it earns. Even for making the decision for the best investment, the managers can make use of the analytical tools, such as scenario analysis, break-even analysis, sensitivity analysis and simulation techniques. The sensitivity analysis allows the managers to make changes in the input variable and determine its impact on the project outcome. Similarly, the scenario analysis allows the decision makers to establish a range of best and worst case scenarios within which the actual outcome of the project would lie. This outcome is measured by making changes in multiple assumptions and input variables. The break-even analysis helps the managers in identifying the optimum quantity that is required for avoiding losses in case of new projects. However, the simulation techniques have an edge over other tools as it also depicts the probability of occurrences of the outcomes. References Baker, H. K. and English, P. 2011. Capital Budgeting Valuation: Financial Analysis for Today's Investment Projects. New Jersey: John Wiley Sons. Borgonovo, E. 2017. Sensitivity Analysis: An Introduction for the Management Scientist. Berlin: Springer. Cafferky, M. 2010. Breakeven Analysis: The Definitive Guide to Cost-Volume-Profit Analysis. New York: Business Expert Press. Damodaran, A. 2008. Strategic Risk Taking: A Framework for Risk Management. New Jersey: Pearson Prentice Hall. Dayananda, D. 2002. Capital Budgeting: Financial Appraisal of Investment Projects. Cambridge: Cambridge University Press. Ingram, D. 2017. What Are the Steps in the Decision-Making Process of a Manager? [Online]. Available at: https://smallbusiness.chron.com/steps-decisionmaking-process-manager-10601.html [Accessed on: 18 September 2017]. Koening, E. 2017. Sensitivity Analysis for Capital Budgeting. [Online]. Available at: https://smallbusiness.chron.com/sensitivity-analysis-capital-budgeting-10153.html [Accessed on: 18 September 2017]. Kono, P.M. and Barnes, B. 2010. The role of finance in the strategic-planning and decision-making process.Graziadio Business Report 13(1), pp. 1-5. Munier, N. 2011. A Strategy for Using Multicriteria Analysis in Decision-Making: A Guide for Simple and Complex Environmental Projects. Berlin: Springer. Nestor-Harper, M. 2017. Decision Making Processes in Organizations. [Online]. Available at: https://smallbusiness.chron.com/decision-making-processes-organizations-26291.html [Accessed on: 18 September 2017]. Nutt, P.C. and Wilson, D.C. 2010. Handbook of Decision Making. New Jersey: John Wiley Sons. Peterson, P.P. and Fabozzi, F.J. 2004. Capital Budgeting: Theory and Practice. New Jersey: John Wiley Sons. Rosenthal, U. and Pijnenburg, B. 2012. Crisis Management and Decision Making: Simulation Oriented Scenarios. Berlin: Springer Science Business Media. Shapira, Z. 2002. Organizational Decision Making. Cambridge: Cambridge University Press. Tam, C.M., Tong, T.K.L. and Zhang, H. 2007. Decision Making and Operations Research Techniques for Construction Management. Kowloon: City University of HK Press. Vance, D.E. 2002. Financial Analysis and Decision Making. New York: McGraw Hill Professional.