Thursday, September 19, 2019

Enron Corporation Essay -- Business Management History Essays

Enron Corporation Before filing for bankruptcy in 2001, Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world, totaling more than 36,000 miles. It was also one of the largest independent developers and producers of electricity in the world, serving both industrial and emerging markets. Timeline Enron began as Northern Natural Gas Company, organized in Omaha, Nebraska, in 1930. The company's founding came just a few months after the stock market crash of 1929, an unusual time to launch a new venture. Several aspects of the Great Depression actually worked in Northern's favor, however. Consumers initially were not enthusiastic about natural gas as a heating fuel, but its low cost led to its acceptance during tough economic times. High unemployment brought the new company a ready supply of cheap labor to build its pipeline system. The 1940s brought changes in Northern's regulation and ownership. The Federal Power Commission, created as a result of the Natural Gas Act of 1938, regulated the natural gas industry's rates and expansion. 1944: Acquires the gas-gathering and transmission lines of Argus Natural Gas Co. 1945: Argus properties are consolidated into a subsidiary called Peoples Natural Gas Co As time went on Northern kept expanding through acquisitions. First in 1967 it made an acquisition with Protane Corporation, a distributor of propane gas in the eastern US and the Carribbean. In 1976, Northern formed Northern Arctic Gas Company, a partner in the proposed Alaskan arctic gas pipeline, and Northern Liquid Fuels International Ltd., a supply and marketing company. 1980: Northern changes its name to InterNorth, Inc. Its attempted hostile takeover of Crouse-Hinds Co., an electrical products manufacturer, is thwarted by Cooper Industries. Northern Overthrust Pipeline Co. and Northern Trailblazer Pipeline Co. are set up to participate in the Trailblazer pipeline. Creates two exploration and production companies, Nortex Gas & Oil and Consolidex Gas and Oil Ltd. 1982: Forms Northern Intrastate Pipeline Co. and Northern Coal Pipeline Co. Establishes InterNorth International, Inc. to oversee non-U.S. operations InterNorth made an acquisition of enormous proportions in 1... ...d then they reported a $ 1 million charge in total. Then there was the project to build a natural gas 900 kilometer pipeline in Mozambique to Gauteng, South Africa which cost $700 million. Enron's contract is now considered overpriced. Nevertheless, Enron must pay for the gas even if it does not take possession of it and Enron has no customers for the gas. I feel that Enron had luck on it’s side for a while and were able to conquer all these different markets for a while. But they wanted too much power and money, much too fast for some of the markets they entered they had to dish out billions of dollars in up front capital investments on hard assets. . These capital investments were not expected to generate significant earnings or cash flow in the short term. This put pressure on Enron’s balance sheet. I would of not tried to expand so rapidly and gave time for my projects, mergers and aquasitions to progress and then expand instead of rushing. I would of not spent so much time and money on contributions to political parties trying to gain deregulation and to stop gov’t oversight. I would of done things properly and legally that way gov’t oversight would of not been a problem.

Wednesday, September 18, 2019

Losing Faith Young Goodman Brown Essays -- essays papers

Losing Faith Young Goodman Brown Throughout the short story "Young Goodman Brown," written by Nathaniel Hawthorne the main character is searching for Faith in what appears to be an increasingly corrupt world. Faith takes on a double meaning in this story, for Faith is used both as the name of Young Goodman Brown's pretty young wife and the spiritual devotion of Young Goodman Brown to the Puritan Faith. The dual usage of Faith in this short story, along with its theme of devil worship amongst Puritan society draws the reader in, and leaves the story imprinted on his brain for a long time to come. As the story opens, Young Goodman Brown is about to enter the forest to partake upon an "evil purpose." He leaves behind his sweet, pretty, young wife of three months, who wears pretty pink ribbons in her hair, urging her to "Say thy prayers, dear Faith, and go to bed at dusk, and no harm will come to thee" (p. 102). Young Goodman Brown is hesitant about leaving his Faith behind to go on such an errand, to venture into the forest where "the devil himself could be at my very elbow!" (p. 103). Once in the forest, Young Goodman Brown is met with "the figure of a man, in grave and decent attire, seated at the foot of an old tree" (p. 103). When questioned as to why he has dallied in meeting this figure, Young Goodman Brown replies "Faith kept me back awhile" (p. 103). In the literal sense, Young Goodman Brown's pretty young wife delayed him from his meeting with the dark figure by begging him to "put off his journey until sunrise and sleep in his own bed to-night" (p. 103). In a symbolic sense, Young Goodman Brown's devotion to all that is just in the world has made him hesitant to enter the corrupt reality of the forest. ... ...ditate his sermon, and Goody Cloyse catechizing a little girl. He spies the head of Faith, with the pink ribbons, gazing anxiously forth, and bursting into such joy at the sight of him that she skipped along the street and almost kissed her husband before the whole village" (p. 111). Young Goodman Brown looks sternly and sadly into her face, and passes on without a greeting. "Had Young Goodman Brown fallen asleep in the forest and only dreamed a wild dream of a witch-meeting?" (p. 112). It does not matter, for Young Goodman Brown becomes "a stern, a sad, a darkly meditative, a distrustful, if not a desperate man" (p. 111). He shrinks from the bosom of Faith, and he dies a "hoary corpse" (p. 111). It does not matter that Young Goodman Brown rejected the Devil at his fiery altar that night in the forest. The Devil has claimed his Faith in humanity in another way. Losing Faith Young Goodman Brown Essays -- essays papers Losing Faith Young Goodman Brown Throughout the short story "Young Goodman Brown," written by Nathaniel Hawthorne the main character is searching for Faith in what appears to be an increasingly corrupt world. Faith takes on a double meaning in this story, for Faith is used both as the name of Young Goodman Brown's pretty young wife and the spiritual devotion of Young Goodman Brown to the Puritan Faith. The dual usage of Faith in this short story, along with its theme of devil worship amongst Puritan society draws the reader in, and leaves the story imprinted on his brain for a long time to come. As the story opens, Young Goodman Brown is about to enter the forest to partake upon an "evil purpose." He leaves behind his sweet, pretty, young wife of three months, who wears pretty pink ribbons in her hair, urging her to "Say thy prayers, dear Faith, and go to bed at dusk, and no harm will come to thee" (p. 102). Young Goodman Brown is hesitant about leaving his Faith behind to go on such an errand, to venture into the forest where "the devil himself could be at my very elbow!" (p. 103). Once in the forest, Young Goodman Brown is met with "the figure of a man, in grave and decent attire, seated at the foot of an old tree" (p. 103). When questioned as to why he has dallied in meeting this figure, Young Goodman Brown replies "Faith kept me back awhile" (p. 103). In the literal sense, Young Goodman Brown's pretty young wife delayed him from his meeting with the dark figure by begging him to "put off his journey until sunrise and sleep in his own bed to-night" (p. 103). In a symbolic sense, Young Goodman Brown's devotion to all that is just in the world has made him hesitant to enter the corrupt reality of the forest. ... ...ditate his sermon, and Goody Cloyse catechizing a little girl. He spies the head of Faith, with the pink ribbons, gazing anxiously forth, and bursting into such joy at the sight of him that she skipped along the street and almost kissed her husband before the whole village" (p. 111). Young Goodman Brown looks sternly and sadly into her face, and passes on without a greeting. "Had Young Goodman Brown fallen asleep in the forest and only dreamed a wild dream of a witch-meeting?" (p. 112). It does not matter, for Young Goodman Brown becomes "a stern, a sad, a darkly meditative, a distrustful, if not a desperate man" (p. 111). He shrinks from the bosom of Faith, and he dies a "hoary corpse" (p. 111). It does not matter that Young Goodman Brown rejected the Devil at his fiery altar that night in the forest. The Devil has claimed his Faith in humanity in another way.

Tuesday, September 17, 2019

Mercury Athletic Case Essay

West Coast Fashions. Inc. ( WCF ) . a big interior decorator and seller of men’s and women’s branded dress late announced programs for a strategic reorganisation. Active Gear. Inc. ( AG ) . a in private held footwear company. was contemplating an acquisition chance. John Liedtke. the caput of concern development for AG. was interested in a WCF subordinate. The subordinate that Liedtke and AG intended to get was Mercury Athletic ( MA ) . a footwear company. Liedtke thought geting Mercury would approximately duplicate AG’s gross. increase its purchase with contract makers and spread out its presence with cardinal retail merchants and distributers. In order to supply a solid recommendation to Liedtke. farther analysis must be performed. Market Overview The dress or footwear industry is extremely competitory with low growing. The market is influenced by manner tendencies. monetary value. quality and manner. Companies can cut down hazard factors by non following manner tendencies which equates to efficient and effectual stock list direction and lost net income chances. Active Gear AG is a comparatively little athletic and insouciant footwear company. It has one-year grosss of $ 470. 3M ( 42 % of grosss came from athletic places ) . and $ 60. 4M of runing income. Projecting a shadow over these Numberss are AG’s typical rivals. AG’s typical rival has one-year gross revenues over $ 1. 0B. Because of Chinese fabrication contract consolidations. AG’s size was going a disadvantage due to low purchasing power vs. rivals. AG’s initial focal point was to bring forth and market high-quality forte places for golf and tennis participants. AG was among the first companies to offer stylish. walking. hike and boating footwear. Over the old ages. the firm’s athletic places had evolved from high-performance footwear to athletic manner wear with a authoritative image. The firm’s traditional casual places besides offered authoritative styling. but were aimed at a broader. more mainstream market. AG’s mark demographic was urban and suburbanites. runing from 25-45 in age. AG’s distribution channels consisted of independent retail merchants. departmental shops. and jobbers. AG excluded large box retail merchants and price reduction shops. AG focused on merchandises that didn’t follow manner tendencies. ensuing in a elongated merchandise lifecycle. This concern theoretical account led to more efficient and effectual supply concatenation and operating direction. However. because they opted for the safe path it halted the company’s gross revenues and growing chance. Mercury Athletic Mercury Athletic was purchased by WCF from its laminitis Daniel Fiore. Fiore was forced to sell the company after running it for over 35 old ages. due to wellness jobs. Due to a strategic reorganisation. the program called for the divestiture of MA and other â€Å"non-core† WCF assets. MA had grosss of $ 431. 1M and an EBITDA of $ 51. 8M Merchandises were distributed to departmental and price reduction shopsIt had two merchandise lines- athletic and insouciant footwearTarget market of both work forces and adult femalesShoes popularity grew in the utmost athleticss marketMA developed an operating substructure. leting direction to rapidly accommodate to alterations in client gustatory sensations with merchandise specifications. 1. Is Mercury an appropriate mark for AG? Why or why non? Let me walk you through some qualitative considerations before doing my recommendation. Strategic considerations: AG and MA are both viing in the athletic and insouciant footwear industry. Acquiring MA could take to economic systems of graduated table and range through fabrication and distribution webs. severally. Geting MA- AG would be less affected by the Chinese fabrication contract consolidation. due to increased purchasing powers. AG could potentially revive and net income from geting Mercury’s women’s merchandise line. Geting MA will duplicate AG’s one-year gross. Counter arguments- AG and MA mark demographics could non bring forth company synergisms MA is manner trendy. hence prone to put on the line outside of AG’s steady concern theoretical account Company civilizations could non fit 2. Review the projections by Liedtke. Are they allow? How would you urge modifying them? In order to happen if the projections are sensible. you need a starting point. Using jutting growing rates and EBIT should bespeak if Liedtke’s information is solid. Referencing the Free Cash Flow and Terminal Value tabular arraies ( found below ) . I will be able to bring forth an sentiment of Liedtke’s projections. Year to twelvemonth growing rates are highly volatile. normalising in 2010. The negative rate could mean that in 2007 they are projecting to stop a merchandise line. The swing back to a positive growing rate could be indicant of AG leveraging its economic systems of graduated table and range. while administering their merchandise lines through large box retail merchants. EBIT has been projected to bit by bit increase. which looks to be on par with industry norms. It is sensible to state that Liedtke’s projections decently reflect AG’s concern theoretical account. post-acquisition. 3. See tabular arraies and computations below 4. Make you see the value you obtained as conservative or aggressive? Why? From my analysis. the value I obtained seemed to be aggressive against the information provided. Referencing the tabular arraies below: Terminal or Enterprise Value is High Synergies are excluded from fiscal analysisWorsening gross growing 5. How would you analyse possible synergisms or other beginnings of value non reflected in Liedtke’s base premise? In order to analyse possible synergisms. I would look at both companies’ operations. Get downing from where they beginning their stuffs to administering their concluding merchandise are all possibilities of operational synergisms ( purchasing power. distribution channels. stock list direction. etc†¦ ) . Fiscal synergisms would include uniting grosss and cost benefits. which translate to increasing bottom line. Company civilization matching could besides go debatable. Quantitative AnalysisNet Working Capital Free Cash Flow WACC Terminal Value Evaluation NPV. IRR and Payback Period Decision Net present value of future hard currency flows equates to a positive $ 0. 2M. Internal rate of return or IRR is the involvement rate at which the net present value of all the hard currency flows from a undertaking or investing equal nothing. The IRR of this acquisition is 28 % . Having a positive NPV and an IRR that well outweighs the price reduction and hazard free rate- suggests that this acquisition should be pursued. In decision. AG should get MA.

Monday, September 16, 2019

Elementary education 1833-1870 Essay

What was the role of the government in developing Elementary Education 1833-1870? 1. Why did the government play little role in education before the nineteenth century? Government played little role in education prior to the nineteenth century because of many reasons, one of them being Laissez faire. Laissez faire was the philosophy of the government that it was not their role to get involved in the lives of the people. Edward Baines wrote about the state of education in 1846 and said â€Å"it is not the duty of the government to feed the people†¦these are things that the people can and ought to do themselves† some thought this was the way God wanted things to be. Other felt that the fittest and richest could survive; the idea did nothing for the poor. One of the only things government was willing to get involved in was defending the country. Money was another motive why the government played little role. The government didn’t want to spend money on educating the poor, they would much rather spend their money on the royal stables and the military. On Samuel Whitbread’s Bill this topic was discussed â€Å"It would burden the country with a most enormous expense†. Not only did they not want to put money towards education but also it was going to be a very expensive project, which they thought could be done without. Samuel Whitbread argued that more education was needed and that raises money was the way forward when he stood up to the government, but the House of Lords rejected his Bill. The Class system was another thing that was preventing the government from contributing money towards education. Everyone knew his or her place in society so for the poor to read write and be educated would make them more intelligent and mess up the ‘The Great Chain of Being’; this was another name for the social structure at the time. The chain of being was written about once by a Bishop in 1720 and he said â€Å"God so orders it that we always have some Poor among us† from this the ‘The great chain of being’ had come about. The Government simply didn’t see the need for change. There were already Sunday Schools and Dame Schools available for the poor, which were supplied by the church and individuals ‘As far as education was concerned, the government was content’ reading this its seems as if the government couldn’t be bothered to improve if there was nothing wrong with how things were currently going. This reminds me of the old saying ‘why fix it, if its not broken’. Revolutionary ideas were also something that was considered to be a threat if the poor were to be educated. If they were taught to read then they would be able to understand and read Anti-Christian books and stories about revolutions in other countries such as France. This was also discussed in the Debate on Samuel Whitbread’s Bill, â€Å"It would enable them to read vicious books, and publications against Christianity† religion was very strong at this time and to disrupt it could have lead to social unrest. Revolting against how they feel they stand in society would â€Å"make them insolent to their superiors† this was also talked about on Samuel Whitbread’s Bill. Parents of poor children didn’t want their children to go to school and learn, because they wanted them to work and earn money. This was the traditional way of life for the poor people and most of them were keen to stick with it. They worked on farms and in mines. However if the parents were to look at the advantages of educating their children they would see that with an education they could get better jobs and earn more money. Even though it would have taken time it still would have been the more intelligent choice, but as they were not educated themselves they never thought of it that way. 2. Why did the government become involved in developing elementary education for all during the nineteenth century? Government eventually had to become involved in developing elementary education. The increasing population meant that schools could not cope with the large amounts of pupils, so more schools were built to accommodate the demands of numbers. The large numbers of pupils also meant that more teachers were needed and to employ more teachers money was needed, so without the help and money from the government education would have gone nowhere. Not only would they have needed more teachers but also they would need bigger schools to have room for the large increase of pupils. The poor people could no longer look after themselves, so the government had to step in. They may have been struggling because the higher classes were sending their children to school so they would have had a tremendous advantage over the poor and uneducated children when they both contest for work, as they got older. A link the raising population had with the changes outside education is firstly the 1832 Great Reform Act. For the first time the large new industrial towns were able to elect MPs, most of these MPs were keen on cleaning up the towns. In the end the combined effects of the Reform Act and the cholera epidemic of 1832 made the living conditions in all towns a major political issue. An education was needed for people to be able to operate the machines. Due to these demands the scope of education was widened to include the children of more ordinary men and women. ‘Better-educated clerks and crafts people were needed’ to produce better goods to increase the countries economy with trade. Better-educated workers were wanted; the future of workers education took a big step forward with the Factory Act of 1833. This Act laid down that every factory child should receive two hours’ schooling a day. Other countries were educating their youth and were therefore were ahead of Britain in that department, so to avoid embarrassment and keep up to date the government decided it was time to teach the younger generation. This was a very important time for the country because they realised that the children are the future and educating them would be so much better for the government. This would be because to have more educated workers in the future would mean people doing and understanding their jobs better. If countries got ahead of Britain then they would have more knowledge, to stop this the government introduced an education Bill, this was read from it â€Å"If we leave our workfolk unskilled, they will become over-matched in the competition of the world† by W. E Forster. More money was coming in from the country’s trade and empire. This meant that more money could and was put forward towards education for the poor. Most of the money from the trade came from the industrial revolution. This was mainly thanks to the trade that merchants did with Australia and other countries. Another thing that played a key part in the great income was the Railway industry. This was very quickly becoming a national system and brought in great loads of money. A link with more money coming in from education was that more money could be spent on defence. This was very helpful because if Britain were to go to war we would have hopefully have been well off. Poor people were given the chance to vote, but they needed some knowledge of who to vote for and why. If they knew what things they wanted from the government, then they could have a rough idea of who shares the same thoughts and ambition as them for the running of the country. They needed to know who to vote for because if that person won he would run the country, so they are voting for a very important matter. In the reform Act of 1867 most working class men were giving the chance to vote. This was very important link outside education because with educated voters the country has a better chance of a good and well presented Prime Minister.   

Sunday, September 15, 2019

Claddagh Rings Essay

Today’s society is extremely fashion and style conscious. Most styles and trends are in one day and out the next, from clothing, jewelry, and accessories. However some trends are timeless and never go out of style, like the Irish Claddagh ring. But what is the origin of the jewelry and why is it still such a popular trend today? All these questions can be explained by looking at the origin, legends, meaning, and usage of the ring. The history of the Claddagh ring is surrounded in uncertainty due to the many popular folk stories that circulating around the origins of the ring. However what we do know for certain is that the ring originated from the Irish town of Claddagh(cite48). Claddagh was a small fishing village outside the city of Galway (cite48). This is where the name of the ring comes from. As with most story there are always many variations, in the case of the Claddagh ring and its origins there are numerous. One variation is how Margaret Joyce took the fortune inherited from her late husband, a Spanish merchant, and used it for charitable causes. She was reward for her charitably when a eagle one day dropped the the original Claddagh ring into her lap. cite48) The most likely legend of the rings origin is generally attributed to Richard Joyce. It goes that around 1675 Joyce was captured by Algerian pirates and sold as a slave while traveling to the West Indies. Joyce was sold to a Turkish goldsmith who taught him his craft. Joyce was released after William III was accession to the throne of England in 1689 and released all prisoners held captive by the Moors. Joyce served his master for fourteen years and when released his master offered half his wealth and his daughters hand in marriage if Joyce would continue to practice under him. Joyce declined this offer and returned to Claddagh where he married, had his on business as a silversmith and created the first Claddagh ring. The historical facts from this version of the story hold more truth to the origins of the ring then any other legend given that King William III did in fact release all Moors’ slaves. (cite 48 49) The Claddagh ring has a distinctive design. It features two hands clasping a heart that is surmounted with a crown. The ring itself is a symbol of love and marriage. Its believed that the heart represents love, the hand friendship, and the crown loyalty(cite 49). Going back to Richard Joyce if he is, and mostly likely was, the creator of the Claddagh ring the design itself depicts his loyalty and love of his country, since he did refused his masters offers to come home to Ireland. The Claddagh ring when created was used as a wedding or betrothal ring passed down from mother to daughter during a time of marriage (cite 49). This tradition it ensured the survival of the ring. (cite 49. ) The rings unique design also ensured its survival because it could be worn by both sex since it represents friendship and loyalty. Claddagh rings are still a expression of romance today. Today you can find the Claddagh symbol on different types of Celtic crosses, pendants, candles, and other jewelry. Its popularity in today’s society has been boosted threw media and pop culture, with celebrities wearing the ring and movies like Ladder 41, which describes how they way in which one wears the ring shows if they are in love or still open to friendship. Regardless of which legend of how the ring originated is true the facts is that the Claddagh ring has survived through history, keeping a symbolic meaning that is still significant.

Saturday, September 14, 2019

Poetry Essay Essay

Poetry is an imaginative awareness of experience expressed through meaning, sound, and rhythmic language choices so as to evoke an emotional response. Poetry has been known to employ meter and rhyme, but this is by no means necessary. Poetry is an ancient form that has gone through numerous and drastic reinvention over time. The very nature of poetry as an authentic and individual mode of expression makes it nearly impossible to define. Poetry is sometimes hard to understand but other times it’s as easy as one, two, and three. Sometimes people turn to poetry to vent their feelings, to tell their high school sweetheart they still love them, to get over grief and etc. Poetry can be inspirational and motivating. Poetry can be anything you want it to be. The plot of â€Å"Watch† by Frank Outlaw tells us that we should be careful about what we do and to choose wisely what we act on. One of the poetic devices in this poem is assonance. Assonance is the repetition of vowel sounds. The vowel sounds repeated in this poem are: A, E, I, O and U. Another poetic device found in this poem is imagery. Imagery is words or phrases that appeal to the senses. The poem is titled Watch, so I believe therefore, watch would be considered as imagery. This poem appeals to me because I agree that we should watch what we do, before we do that particular thing. The plot of â€Å"The Greatest Artist† by Udiah tells us that God is one of a kind and can create the most beautiful things in this world. It also tells us that only God can create the beautiful things on this Earth. The sky is God’s canvas to a beautiful masterpiece. It also states that whenever we are sad, he puts a smile across our face to let us know He’s there. One poetic device in this poem is rhyme. Rhyme is the similarity of ending sounds exsisting between two words. Some of the rhyming words are: compare and air, above and glove, fair and there. Another poetic device is metaphor. Metaphor is the comparison between two objects with the intent of giving clearer meaning to one of them. One of the metaphors in this poem is: God is the greatest artist. This poem appeals to me because I agree that God is the one and only who can create the most unique things and we always know he’s watching us with open eyes. The plot of â€Å"Before You† by William Arthur Ward tells us that we should think before we do. It also tells us that we should learn from different situations. Another thing it teaches is that we should use patience before expressing our thoughts. One of the poetic devices in this poem is repetition. Repetition is the repeating of words or phrases. The repetition in this poem is before you. Another poetic device is assonance. Assonance is the repetition of vowel sounds. The vowel sounds repeated in this poem are: A, E, I, O and U. This poem appeals to me because I agree that we should think before we act. I dedicate this poetry book to my mom. I included certain poems because poetry has such a special meaning for a special person. She is a true genuine person with a great attitude towards life. Who expresses emotions profoundly through words. I included certain poems because of the motivation and inspiration they have. I’m most inspired by Adele, Adele is a famous London singer, who expresses music through her heartfelt experiences.

Friday, September 13, 2019

Motivational Problem 3 Term Paper Example | Topics and Well Written Essays - 750 words

Motivational Problem 3 - Term Paper Example As a result productivity level has decreased significantly so much that upper management has noticed Johns inefficiency as a team leader. The above situation can be best understood by John S. Adams equity of motivation (Adams, 1965). Equity theory holds that "motivation is a function of fairness in social exchanges," (Kinicki and Kreitner 2009, p.174). The theory explains that people are made up of their beliefs and behaviors. Any perceived inconsistency in social interchange at the workplace affects their attitudes and perception towards the organization. This in turn affects their motivation level; they will be less productive and display less corporate citizenship behaviors (Kinicki and Kreitner, 2009). Johns group has developed a pervasive Asian culture of work without John being aware of it. With Jennys domineering personality, members have started to lean towards her for guidance because they consider John as an outsider of this group due to the differences in beliefs, attitudes and culture. They can relate to Jennys perception of unfairness because they belong to similar cultural backgrounds (Asians). Thus, they only engage in work when they know she is in-charge, which undermines Johns leadership within his own group. Adams explains that individual-organization exchange relationship is the key to exchange component in organizational productivity. Through inputs like skills, creativity, training, education, and experience, employees expect exchange outputs like bonuses, pay, and fringe benefits from the organization. Other outputs may not be tangible such as status symbols, recognition, and participation in decision making, job security, and job challenge. These are equally important (Kinicki and Kreitner, 2009; Adams, 1965). This explains Jennys behaviors. John and the managements insensitivity to her inputs have made her resent her superiors and in turn her relationship with the