Evaluation in human services Essay Example | Topics and Well Written Essays - 1000 words

Evaluation in human services - Essay Example Additionally, the staff may fear negative effects that evaluation can have on their employment. This negative implication of evaluation can include lost jobs for employees perceived to have underperformed or due to restructuring those results in elimination of some organizational functions and therefore role of some employees. Employees might also fear evaluation as it might result in increased workload for them especially when there is merging of some functions and roles. Therefore, fear and resistance to evaluation is as a result of employees not knowing the changes that this process will bring in the workplace; therefore, preferring maintenance of the status quo (Shell, 2002). Employee resistance to change is a widespread phenomenon in many workplaces since most of them do not want to be challenged by being asked to abandon routine and adopt new ways of doing things. Consequently, association of evaluation process to change in the way employees perform their duties is likely to en counter resistance (Austin, 2002). Evaluation has an important role in creating efficiency in organization functioning especially if it helps identify areas of waste, even in programs that seem to run successfully. Therefore, it is important that there is cooperation among everyone involved including staff and the management. When evaluation meets staff resistance, this indicates there is a problem that needs to be addressed through either the evaluation itself or prior to conducting staff evaluation. Therefore, the first area of concern when planning to undertake evaluation is to increase staff awareness of the process and possible actions based on results. Fear of evaluation is as a result of the unknown effect it will have on the staff especially as many of the employees wonder if they are going to lose their jobs, have increased workload or be held accountable for negative results. Consequently, evaluation should be done after employees have had adequate information access

Financing New Ventures Assignment Example | Topics and Well Written Essays - 500 words

Financing New Ventures - Assignment Example This has paved way for diversification in investment According to (Harrington, 1987) it allows the investor to avoid unsystematic risks such as poor management of the company which will automatically lead to returns not being realized. From this model a linear relationship has been developed to show the relationship between systematic risk and the expected return. As compared to weighted average cost of capital (WACC) this model gives a robust discount rate that can be used for assessing the investment. Using WACC a project can be turned down when its internal rate of return is less that of WACC. This is because WACC is based on the assumption that any investment doesn’t have an effect to financial and business risk. Using CAPM, gives internal rate of return that is higher than the security market line and a return that can minimize or eliminate system risk. CAPM is considered as the best tool to calculate the cost of equity as compared Dividend Growth Model (DGM). This is because it takes into account the systematic risk level of the business relative to stock market. Portfolio effect refers to the addition of other investment into the portfolio with aim of reducing risk. This can be termed as diversification of portfolio such that change in the value of one investment e.g. bond in the portfolio there will be a response to change in the value of other assets in the portfolio. Portfolio effect has the ability to minimize a specific risk attached to an asset in a given portfolio, but this depends or lies on the degree of correlation of assets held in the portfolio (Hirt & Block, 1990). Diversifying portfolio can be achieved in either horizontal or vertical diversification both will help to reduce the risk associated to a given asset, vertical diversification occurs when an investor decides to add different form of assets or securities in his portfolio e.g. cash, corporate bonds, and building. This is advisable since whenever a