From Failure to success Essay Example for Free

From Failure to success Essay Robert Kennedys statement that Only those who dare to fail greatly can ever achieve greatly has been painfully evident in my life. Until recently, I had never dared to fail greatly at anything, and as a result, I never achieved greatly at anything either. Luckily, I have learned the importance of attempting something when theres a looming possibility of failure. At Boys State this summer, I spent a week living with 300 other young men while learning about how North Carolinas government works. To give us a firm grasp of the governmental process, each floor elected town officials, each dorm elected county officials, and the three dorms together elected the state officials. The Boys State program also had its own moot court program from which Supreme Court Justices were elected. At Boys State, I ran for positions in the town and county government, and for Supreme Court Justice. Of the seven positions I competed for, I only won two elections. I count this as a failure because the only positions I won were positions that had no candidates to oppose me. The loss that affected me the most was Supreme Court Justice. This was the position I had wanted to win even before I arrived at Boys State, and I gave up all of my afternoon activity time so that I could participate in the moot court program and remain an eligible candidate for Supreme Court Justice. Unfortunately, the elections for justices were the last of all the voting, and by midnight, everybody wanted to get back to their dorms so the time for our speeches was cut from one minute to ten seconds. Needless to say, I was so unprepared for the sudden change of events, that I barely had time to say my name and one reason I was running before I ran out of time. I lost the election, but the loss taught me that I needed to become more visible so that I would not have to depend on a speech for people to realize that I was a person they should vote for. However, if I had the chance to go back and change anything I had done there, I probably wouldnt change a thing. The reasons for this are not as difficult to understand as they probably should be. Firstly, if I went back and changed anything I had done then, I would not have learned that lesson, and would now be lacking a very important experience in my life. Secondly, good things also came from my loss of the election for Supreme Court Justice. In my failure, I brought the  attention of the gubernatorial candidate onto me. The next morning, he asked me if I would like to be his Secretary of Crime Control and Public Safety which is one of the highest positions at Boys State. After a moment of shock, I immediately accepted the position. Thus, as a result of my own great failure, I achieved grea tly.

ASTEROIDS :: essays research papers fc

Asteroids Sixty-Five million years ago, 70 percent of life on Earth died. The most reasonable and possible reason this happened was an asteroid. An asteroid hit the Earth very hard, and in doing this, dirt and dust from the impact stayed in the air and it blocked out sunlight, that’s why the dinosaurs died. An asteroid is a rock from outer space. Asteroids have orbited the Sun along with the planets since the solar system formed about 4.6 billion years ago, but it’s only been 200 years since we first discovered them. Meteorites are small pieces of asteroids broken off on impact with other asteroids. Most meteorites are rusty brown on the outside, have rounded edges from melting as they go through Earth’s atmosphere, and contain iron. There are 3 different types of meteorites: stony, metallic, and stony metallic.92 percents of all asteroids are stone, 6 percent are made of iron and nickel, and the rest are a combination. Some meteorites also contain gold, copper, platinum, and carbon. Scientists get a good idea of what asteroids are made of by studying them through telescopes. They can tell what an asteroid is made of by the color and brightness of the asteroid. A lot of asteroids that we have discovered are very dark and made of stone, but there are shiny ones that are made of nickel and iron. Most big asteroids are ball shaped. Smaller asteroids, which are usually broken off of a larger asteroid, come in a lot of different shapes. All asteroids have craters that form when they bump or crash into other asteroids. The older the asteroid, the more times it has been hit and the more craters it has. Asteroids can be found orbiting the Sun in a belt between Mars and Jupiter; this is called the Asteroid belt or Main belt. The asteroid belt has been said to probably contain millions of asteroids that are all different. There are more than 20,000 numbered asteroids. Some times asteroids get knocked off the asteroid belt. As asteroids revolve around the Sun in elliptical orbits, Jupiter’s gravity and getting to close to Mars or another asteroid can change an asteroids path, this could send an asteroid out of the asteroid belt and into space across the orbits of other planets. An example of asteroid orbits changing is Mar’s moons Phobos and Deimos. These were asteroids that went to close to Mars and got caught in its orbit.

Lehigh’s 1993 product mix Essay

EXECUTIVE SUMMARY The objective of this memo is to recommend you a product mix for Lehigh in the year of 1993 based on profit calculations and other business considerations. Recommendation: 1993 product mix should include only High Speed Based on an approach resultant from the combination of ABC plus Theory of Constraints (TOC), I recommend that the company include only the High Speed (machine coil) in its mix. The table bellow contains the unitary cost for Standard and ABC and the throughput per unit of the constrained resource ($/min), calculated diving the unitary ABC cost ($/lb) by the machine time for the rolling process (lb/min): The following paragraphs present a deeper analysis to allow comprehension of the logical steps that led to this recommendation. Rationale: ABC and TOC combined approach The major idea behind combining ABC and TOC approaches is to come up with a fourth method of calculating profits that overcomes the shortcomings of the other three methods (Standard, ABC and TOC). Based on the ABC model (see description of this model in the next section of this report: Alternatives Rejected), I calculated the unitary operating profit per product. This operating profit eliminates the major issue concerning the Standard Costing system: to average uneven resource consumption across products. The next step was to incorporate the concept of time as a factor used in Lehigh’s decision-making. First, by obtaining information from the operations staff, I defined the CRM as the constraint of the plant. Then, I calculated the  throughput per unit of the constrained process (Rolling – CRM) by diving the unitary ABC cost ($/lb) by the machine time for the rolling process (lb/min). Exhibit 1 presents the results for these calculations. According to this approach, alloys, roller wires and chipper knives present losses, while only high speeds and round bars showed profits: respectively $4.84 and $0.08 per minute of rolling machine (CRM) used. However, considering this small profit per minute for round bars and that Die Steel market is broad and requires that its participants offer a full product line to maintain share (this means that Chipper Knives should also be produced), I recommend that Die Steel products be removed from product mix. Consequently, high speeds are the only products that I recommend be kept in Lehigh’s product mix in 1993. It is important to mention that with demand recovering in 1993 and Lehigh’s superior product performance, it may be possible that the company command a price premium for its alloys high enough to turn it profitable in this method and, consequently, to include it in its product mix. Alternatives rejected: Standard, ABC costing and TOC approach Analyzing the scenario, Lehigh had 3 other possibilities for calculating its profit per product: Standard costing The product weight was considered the primary driver of resource consumption, so the indirect manufacturing and administrative costs were allocated to products based on pounds produced. As a result, this approach considers that each of the five products uses manufacturing and administrative overhead equally (their unitary costs are all $0.64 per pound). Moreover, direct manufacturing costs were allocated based on machine hours and materials and direct labor were allocated based on the bill of materials and routings. The calculations for this first alternative are presented in exhibit 2. According to this approach, all products but alloys present operating losses. However, standard costing is averaging the diverse resource use by products and that one it points as the most profitable (alloys) is already promoted by marketing and sales teams, but Lehigh is not showing profits during this period. Therefore, this alternative is not recommended. ABC costing In this second approach, I considered Utilities, Maintenance and Depreciation as direct manufacturing costs and allocated them based on machine hours. Number of skus was considered driver for Technical Support. The product weight was considered driver of resource consumption only for General & Administrative costs. Moreover, materials and direct labor were allocated based on the bill of materials and routings (exactly the way they were allocated in Standard Costing system). Finally, Material Handling & Setup, Order Processing and Production Planning were driven to products using number of orders. Consequently, ABC solves the major issue regarding the Standard Costing system: the assumption that all overhead costs can be included into one cost pool. All the drivers are summarized in exhibit 3. Exhibits 4 and 5 present respectively the ABC drivers and allocation rates. The calculations for this alternative are presented in exhibit 6. According to this approach, alloys, roller wires and chipper knives present operating losses, while only high speeds and round bars showed operating profits: $0.15 and $0.01 per pound. However, ABC does not take into consideration how smoothly material flowed through the plant and product profitability should reflect this kind of difference in resource consumption. This is the reason why this alternative was not selected. TOC approach In this third approach, it was proposed a simple operational measure to orientate the decision-making process within the company: Throughput. It was calculated as sales less material cost (â€Å"contribution margin†) per unit of the constrained resource. As already mentioned, the rolling process (CRM) is the bottleneck of the plant. TOC approach considers that the efficient management of the constrained resource is the key factor to increase profitability. The calculations for this alternative are presented in exhibit 7. According to this approach, high speeds and alloys were the products that showed higher â€Å"contribution margins†: $25.00 and $17.70 per minute of rolling machine (CRM) used. However, TOC approach only takes into consideration the material costs, leaving aside all the other relevant costs that could be allocated to each product according to ABC approach. In other words, TOC method does not reflect the real operating profits. Considering  this point, this alternative was discarded.

Socrates, The, And Socrates - 2175 Words

Nevertheless, Socrates tries continue their discussion with him attempting to direct Meno to the search for what virtue is since neither of them have recollected a definition. Meno, however, wishes for Socrates to return to his initial question of whether or not virtue is teachable. Socrates is reluctant to do this because he does not want to inquire into the qualities of something that he does not have a definition for, but agrees to do it Meno’s way as long as Meno allows him to approach it the way geometers approach their problems, by means of hypothesis. Socrates explains this method by using a geometer who wants to find a solution to a problem where he does not know a particular property that is necessary to know in order to find a solution. Knowing that he is missing an important piece of information, the geometer can hypothesize the answer by assuming the missing property is the same as a different property that he knows. To demonstrate this, he suggests a situation whe re a geometer is asked if a triangle with a specific area can be inscribed in a particular circle. The geometer does not know the area of either the circle or the triangle, however, he can hypothesize that a triangle can be inscribed in the circle if the area of the triangle is less than the area of the circle. This process allows the geometer to assert the possibility, or impossibility, of a solution to a problem where he does not have all of the information. The geometer was unable to answer theShow MoreRelatedSocrates : The Suicide Of Socrates1405 Words   |  6 PagesSocrates was born in 470 BCE in Athens, Greece. His father was Sophroniscus, a sculptor and stone mason from Athens and his mother was a midwife by the name of Phaenarete (30 Interesting Socrates Facts 2014). Socrates original profession was masonry and sculpting, before becoming a philosopher. 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