Toyota Hr Policies Essay Example for Free

Toyota Hr Policies Essay INTRODUCTION Toyota is one of the worlds largest automobile manufacturers, selling over 8.8 million models in 2006 on all five continents. A Top 10 Fortune Global 500 enterprise, Toyota ranks among the worlds leading global corporations and is proud to be the most admired automaker, an achievement the company believes stems from its dedication to customer satisfaction. Toyota has been shaped by a set of values and principles that have their roots in the companys formative years in Japan. The Toyota story begins in the late 19th century, when Sakichi Toyoda invented Japan’s first power loom, which was to revolutionize the country’s textile industry. In January 1918, Sakichi founded the Toyoda Spinning Weaving Company, and with the help of his son, Kiichiro Toyoda, he fulfilled his lifelong dream of building an automatic loom in 1924. Two years later, he established Toyoda Automatic Loom Works. Like his father, Kiichiro was an innovator, and during his visits to Europe and the U.S. in the 1920s, he became deeply interested in the nascent automotive industry. Making the most of the  £100,000 that Sakichi Toyoda received for selling the patent rights of his automatic loom, Kiichiro laid the foundations of Toyota Motor Corporation (TMC), which was established in 1937. From looms to cars, the Toyota experience has been shaped by extending the boundaries of manufacturing. GENERAL HR POLICIES The Toyota company-wide culture is the key ingredient in its success as the global leader in operational excellence. They achieved by the following means * Attracting, developing, and engaging exceptional people * Encouraging problem solving at all levels of your organization * Making management accountable to employees * Inspiring your people to be committed to the company, family, and community * Turning your HR department into the arbitrators of fair and consistent daily practices DIVERSITY AND EQUAL OPPURTUNITY 1. Toward Promotion of Womens ParticipationIn 2002, based on the principle of respecting diversity and with the aim of reforming management throughout the company, Toyota set its sights on womens participation, reviewing its arrangement with regard to female employees, and taking steps to put a better environment in place. In order to promote the creation of an environment more conducive to participation by motivated female employees, Toyota has made a three-pronged effort to: * Help enable women to work and raise children at the same time; * Assist in womens career building, * Reform the working environment and employee awareness. Toyota has also introduced flexible working arrangements and constructed child-care facilities at business sites. 2. EMPLOYMENT FOR DISABLED PERSONAs of March 2003, Toyota employed about 800 disabled people in many kinds of positions at various workplaces. Toyota believes in helping the disabled achieve autonomy within society, and makes it a basic rule to have them work together with other employees. Human consideration is given to the conditions of their disability at the business sites and ways are devised to accommodate them in workplace facilities so as to create a workplace environment that is safe and easy to work in. As of the end of March 2003, Toyotas disabled employee’s ratio was 1.95%, exceeding the 1.8% Legal Employment Quota.| 3. TOYOTA CHILD CARE BUBU LANDIn March 2003, the Toyota Child Care Bubu Land, an on-site childcare facility (in Toyota City, Head Office area), was opened so that all employees, both male and female, who wished to continue working while raising children could do so without worry. The facility has many useful features, which include having a resident nurse on the staff and staying open until 10:30 pm. One female employee using the facility (with a one-year-old child in care) expressed her sentiments in the following way: Its located at the company, so drop-off and pick-up are easy, and I can continue working without having to worry if extra work should suddenly crop up. PRACTICE OF THE TOYOTA WAY| Toyota Way| Values and ways of thinking that should be held by those working for Toyota| Toyota problem-solving techniques| Techniques for improving current conditions in order to realize ideal working conditions| Ji Kotei-Kanketsu (Built-in quality with ownership)| How to work in order to continually produce the best output| Education of subordinates| Systems for training subordinates through ones daily work| Policy management| Managing implementation items that should be initiated in order to accomplish workplace missions and create new value| Basic skills| Minimum skills necessary for production line work| Production skills| * Knowledge regarding recognizing irregularities and work points * Trouble-shooting capability| Skills and Roles of Management and Supervision| * Manager and supervisor skills for soundly managing standard operations * | | ICT PROGRAM FOR SELF-RELIANCE OF AFFILIATES AND CONTRIBUTION TO LOCAL COMMUNITIESIn order to promote self-reliance in overseas affiliates, the ICT (Intra Company Transferee) program temporarily transfers employees of overseas affiliates to TMC for human resource development through on-the-job training. Transferees learn skills and know-how throughout their training periods which range from six months to three years. As of the end of April 2012, a total of 450 transferees from 48 affiliates in 27 countries were working in Japan under the program| |

post colonial :: essays research papers fc

George, Rosemary Marangoly, and Helen Scott. "An Interview with Tsitsi Dangarembga." Novel (Spring 1993):309-319. [This interview was conducted at the African Writers Festival, Brown Univ., Nov. 1991] Excerpt from Introduction: "Written when the author was twenty-five, Nervous Conditions put Dangarembga at the forefront of the younger generation of African writers producing literature in English today....Nervous Conditions highlights that which is often effaced in postcolonial African literature in English--the representation of young African girls and women as worthy subjects of literature....While the critical reception of this novel has focused mainly on the author's feminist agenda, in [this] interview...Dangarembga stresses that she has moved from a somewhat singular consideration of gender politics to an appreciation of the complexities of the politics of postcolonial subjecthood" (309). Full text also available from EBSCOHost Academic Search Elite, Article No. 9312270407. Veit-Wild, Flora. [Interview with Dangarembga] "Women Write about Things that Move Them." Matatu: Zeitschrift fur afrikanische Kultur und Gesellschaft 3.6(1989): 101-108. Wilkinson, Jane. "Tsitsi Dangarembga." Talking with African Writers: Interviews with African Poets, Playwrights and Novelists. London: James Currey, 1992. 189-198. Tsitsi Dangarembga (b. 1959) was interviewed 4 Sept. 1989 in London by Jane Wilkinson, and I here highlight some points made in that interview. There seem to be many autobiographical parallels between Tsitsi’s and Tambu’s lives, although Tambudzai (supposed to be 13 in 1968 in the novel) would be slightly older than Dangarembga (who was 9 in 1968). Dangarembga says that she wrote of "things I had observed and had had direct experience with," but "larger than any one person’s own tragedies†¦[with] a wider implication and origin and therefore were things that needed to be told" (190). One important theme in Nervous Conditions is that of remembering and forgetting—especially the danger of Tambu’s forgetting who she is, where she came from—as her brother Nhamo did. Dangarembga acknowledges this in the interview (191). "I personally do not have a fund of our cultural tradition or oral history to draw from, but I really did feel that if I am able to put down the little I know then it’s a start" (191). Nyasha, the author says, doesn’t have anything to forget, for she never knew, was never taught her culture and origins—and this forms "some great big gap inside her." "Tambudzai, on the other hand is quite valid in saying that she can’t forget because she has that kind of experience. Nyasha is so worried about forgetting because it’s not there for her to remember.

Biography of Albert Dwight Paper

This person is my grandfather’s old buddy. His name is Albert John Dwight. He is born in Atlanta, Georgia on December 5, 1931. He is the only son of James Dwight and Adela Santos. He is half-American and half Brazilian. He grew up in his home in Atlanta with his mother. His father was a soldier. His father was recruited by his friend to join the US forces because of the Second World War. Many Americans join the Second World War and his father was one of them. His father was send to Cuba when he was nearly ten years old. This was why AJ (as his mother called him when he was a child) had missed his father so much.During his time, America was a simple place with simple dream. But it changed when the Second World War exploded. It was when the Pearl Harbor is being attacked. This was also the time that his father decided to leave his family. He didn’t know that this was also the last time with his father. Accidentally, his father died during one of the night raids. His mothe r almost dies when she heard the news. She thought that she can never raise AJ alone. The US government supported the family due to tragedy happened. AJ finishes his study along with my grandfather.He always told that he wanted to be a soldier even though it was the cause of death of his father. This is the attitude of most teenager, they usually idolized their father and wanted to be like them. He enjoyed his teenage years. He had many girlfriends in his time because he was built is beautiful. He was more energetic than ever. This was the peak of his life that everything he can do whatever he wanted to do. He was just like any normal teenager without dark past. He never recalled the death of his parents. He got married at the age of 26 to an American named Sarah Gainsborough at age of 23.Sarah is a very intelligent women and very gorgeous. They have one child named Edward. His dream of becoming a soldier vanished from his mind. He didn’t want to saw the same event that happe ned to his family. AJ thinks of his family first because as you grow up, the mind focuses on more important people than your dreams. His family became stable and financially supported because of the family business left by his mother. He witnessed the changes during his time and the time of his son. The government focuses what is good for its citizen unlike his days which gave a more focus on establishing a decent army which will fight for America.He also noticed that the kind of living had change. Several gadgets have been invented to life easier. Also he witnessed the launching of several spacecraft used to study the outer space. He thought that the time of his son was the new era of living but he proved it wrong when he reaches the age of 60 (approx). He witnessed the age computers. Big computers were made to do specific jobs. This machine can do three times as fast as any man can do. His son also married an American and they had 3 children. He loves his three grandchildren. It i s said that many grandparents loves their grandchildren than their child.He always told stories and he gave what ever his grandchildren wanted. He was fond of playing with his grandchildren. He sometimes took them to the park or to the mall. When they were in the mall, he can’t resist ongoing to gadget section because he can’t believed that that the things really existed. He was also amazed even in the nightlights of Las Vegas. He told that there are nightlights during his time but not like this that looked like fireworks. When year 2000 came, the age of computers, he became more fascinated on mobile phones because he saw its evolution from large one to phones with cameras until it becomes thinner and thinner.This is also the time his body is deteriorating and needed assistance in almost everything he wanted to do. He never wanted to learn to use those kind phones because of his age but his grandchildren insisted to teach him. As you grow older, you became happier with the things you want, unlike when you were a child that you want everything to become happy. Maybe this is part getting older. He also saw the evolution of government from his childhood. He saw it when it started recruiting soldiers and when the Second World War is over, the government became peaceful until it declared war with Afghanistan as a part of â€Å"anti-terrorism campaign†.The establishment of new weapons called super weapons that use nuclear power to bring destruction to its enemy. Also the government was creating advance vehicle made for combat not only for air but also for land and water. They also use satellite for military purposes which were used for mapping and to check weather during early times. Today, he doesn’t know if terrorism is over so that the government will be back to its peaceful state with no worries but the welfare of its citizen. Reference JRJR (2001). Second World War. Retrieved 25 October 2007 from http://www. worldwar-two. net/acontec imentos/130/

Aflac An Economic Argument For Strategic Corporate...

Aflac: An Economic argument for Strategic Corporate Social Responsibility Ruben Guardiola MNGT 5990 Corporate Responsibility and Society Prof. Brian Craven July 9, 2015 Introduction The company chosen for this case paper is Aflac, Inc. They are a life and health insurance company that markets supplemental insurance for individuals. Company insurance policies include cancer insurance, hospital intensive care, home healthcare, accident, and disability insurance. Products are marketed mainly at the worksite on a payroll-deduction basis. The company has a dominant position in cancer insurance in Japan and a growing insurance business in the US. – Merrill-Lynch Company Summary Strategic Corporate Social Responsibility is the inclusion†¦show more content†¦Aflac holds ethical behavior and integrity as the most important trait an employee, partner, or supplier can have. It accomplishes this by creating a set of tenets or code of conduct called the â€Å"Aflac Way† that is given to each employee and board member. It is used to communicate the vision that the company’s founders hold most important. Communities How community involvement is used to address health and welfare issues in children, women, the underprivileged, and marginalized. Aflac has achieved a variety of accolades for its community involvement and charitable work, which is a strategic priority at the company. Twenty years ago, a young mother named Vicki Reidel reached out to Aflac CEO Dan Amos for help. Vicki’s baby, Ansleigh, was undergoing leukemia treatment at what is now Children’s Healthcare of Atlanta. The floor on which children like Ansleigh received cancer treatment was in serious need of renovation, and Vicki asked for $25,000 to get the job done. Amos mulled over Vicki’s request and came up with a better solution: Instead of contributing $25,000, he pledged $3 million and asked that the treatment center be renamed the Aflac Cancer Center. Aflac reinforced its commitment to fighting childhood cancer in January 2014, when the company pledged to surpass $100 million in contributions

Doctorate in Business Administration and the Theory of Business 2019

Business administration has two PhDs someone can obtain. One is a Doctorate in Business Administration (DBA), and the other is the PhD or Doctor of Philosophy. Of the two, the PhD program is designed specifically for a career in research and teaching or other academic pursuits. The PhD doctoral program will provide a foundation in business, economics and management. Equally important, however, are the components of research theory and the type of interdisciplinary regimen that will be necessary for original research in the field. The in-depth study of research and research technique begins with a review of the literature on the subject. Moving on, the PhD candidate in business administration will study theoretical modeling; research design; computer-assisted analysis of empirical data; and the preparation of proposals and research papers drawn from these studies. A basic requirement for someone interested in pursuing a doctoral career of this type is an inquisitive nature that is comfortable with the intellectual skepticism critical to a research environment. Many great scientists place doubt as the keystone of great research: in academia, uncertainty is a positive and productive force. .uc4026b1f1ff0094df13f8185397734cd { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .uc4026b1f1ff0094df13f8185397734cd:active, .uc4026b1f1ff0094df13f8185397734cd:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .uc4026b1f1ff0094df13f8185397734cd { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .uc4026b1f1ff0094df13f8185397734cd .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .uc4026b1f1ff0094df13f8185397734cd .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .uc4026b1f1ff0094df13f8185397734cd:hover .postTitle { text-decoration: underline!important; } READ Find Vocational and Trade Degree ProgramsAnother critical element of the PhD program for business administration is the development of teaching skills. The assumption is that people enrolled in this program may well be headed toward a life in an academic environment and in the field of business administration; the classroom will be part of that environment. Some schools have developed teaching courses that are interdisciplinary in nature, bringing together doctoral candidates from a variety of fields to learn about the teaching process. Out of this, a PhD candidate should develop a philosophy of teaching that is bred from coursework, work as a graduate assistant and interaction with his peers from other disciplines. In a traditional campus setting, the faculty advisor is an important resource for PhD candidates, acting as a mentor through the course of study. Choice of a faculty advisor usually depends on the intended area of concentration, such as management, financing, and the like. At some point, a Doctorate Program Committee comes together as the student begins to formulate a thesis outline. .u96b6272a0c7706b1b3e77ef0af1bcab2 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u96b6272a0c7706b1b3e77ef0af1bcab2:active, .u96b6272a0c7706b1b3e77ef0af1bcab2:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u96b6272a0c7706b1b3e77ef0af1bcab2 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u96b6272a0c7706b1b3e77ef0af1bcab2 .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u96b6272a0c7706b1b3e77ef0af1bcab2 .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .u96b6272a0c7706b1b3e77ef0af1bcab2:hover .postTitle { text-decoration: underline!important; } READ Schools, Colleges, and Institutes of TechnologyThere are a certain number of core courses regarding business administration that are required for any PhD program. These may or may not have been met during previous study. They include the basics of business theory, economics, statistics, and the use of computers for a variety of purposes. Beyond the core requirements, much of a PhD program may involve activities outside the classroom and off campus, in the area of emphasis. PhD candidates in business administration may focus on a primary area of interest. Among the standard academic offerings as focal areas are international business, international finance, marketing, production/operations management, finance, and accounting. The purpose of a PhD program in business administration is to prepare the doctor-to-be for a productive role in research, in the classroom, and should the path lead elsewhere, in a corporate environment or in government. Because of the rapidly growing communications abilities of the internet, there are some PhD programs in business administration available online. The DBA mentioned earlier, on the other hand, is a program offered by a variety of online schools. Both University of Phoenix and Warren National University offer online doctorate programs in business administration. The computer and the telephone provide the communications links to campus resources and faculty guidance. .u72494324dd367b3a8164e5a636d98cbf { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#eaeaea; border:0!important; border-left:4px solid #34495E!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); text-decoration:none; } .u72494324dd367b3a8164e5a636d98cbf:active, .u72494324dd367b3a8164e5a636d98cbf:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u72494324dd367b3a8164e5a636d98cbf { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u72494324dd367b3a8164e5a636d98cbf .ctaText { font-weight:bold; color:inherit; text-decoration:none; font-size: 16px; } .u72494324dd367b3a8164e5a636d98cbf .post Title { color:#000000; text-decoration: underline!important; font-size: 16px; } .u72494324dd367b3a8164e5a636d98cbf:hover .postTitle { text-decoration: underline!important; } READ Utah Colleges and Universities Pursuing Online and Campus Based Education in Utah, the Beehive State Related ArticlesBusiness Practices and TheoryOnline Postgraduate Business Administration DegreesA Doctor of Business Administration Degree Unlocks the Door to the Global EconomyFinding a College Teaching PositionThe Doctorate in Education Educational LeadershipHow to Teach Yourself Computer Programming

Essay on Post-Soviet Government And The Free Press

The Post-soviet countries have begun to build themselves from the ground up, with the hope for a substantial future. As a result of the switch from socialism to capitalism the transition has brought new challenges. In other words, the political democratic stability for the sovereign states became inadequate. It had been standard to view newly democratic nations turned over and became more in support of the western capitalist idea. Although, the new post-soviet states are presumably embracing a democratic ideology, it has been clear that it needs coordination to demonstrate that change. Many people assume that to establish a democracy similar to the United States, you need to give back the control of a nation to the people in the form of†¦show more content†¦I begin my research communicating the idea of â€Å"stability is the absence of open conflict among elite groups.† Among all elite’s there are many power struggles, but to keep these conflicts among themselv es their needs to be like-mindedness, this in fact is a type of censorship to the public. To elaborate more on this, Nils Wessell describes from his journal called, â€Å"Limited Freedom† of the Press A Discussion that in, â€Å"today’s sense that Freedom of the press has been lost also reflects the absence of open conflict among elite groups. Only such conflict creates â€Å"limited freedom† of the press.† (Wessell, 46) This is an act of an authoritarian government; the reaction that it takes outside this elite group on the public is an act of self-preservation. In today’s Russia according to Wessell there is this full on authoritarian regime and it has begun to eliminate freedom of speech, and its adversaries. (Wessell, 46) I take these points that he makes as a description of a beginning of a relationship between society and its government. Democratic as Russia may seem to be perceived, the movers and shakers of that nation actually have too mu ch power in the hands of few. I see the media, as an essential tool for a society to have a democracy, but in the contrary the media can be an inappropriate tool to deceive the public if controlled few. Societies choices would be based on controlled norms, where the definition ofShow MoreRelatedThe Warsaw Pact Invasion of Czechoslovakia1367 Words   |  6 Pagesin recent months protesting for a more pro-western European influence of government. Since the Ukraine has been in an economic crisis in the last few years, the current President Viktor F. 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Once the Russians liberated Germany any type of governmental stability and law/order just deteriorated. In its wake building East Germany to become known as the German Democratic Republic (GDR) under the control of the Soviet Union. Life and society in general, was controlled by government, not just political institutions but also social institutions asRead MoreWho Was to Blame for the Cold War? Essay1625 Words   |  7 Pagesduring the Second World War. Yet many of the tensions that existed in the Cold War can be attributed to Stalins policy of Soviet expansion. It is necessary, therefore, to examine the role of Stalin as a catalyst to the Cold War. Stalins foreign policies contributed an enormous amount to the tensions of the Cold War. His aim, to take advantage of the military situation in post- war Europe to strengthen Russian influence, was perceived to be a threat to the Americans. Stalin was highly effectiveRead MorePost-Cold War US Foreign Policy1417 Words   |  6 PagesPost-Cold War US Foreign Relations The Cold War and its ending with the dismantling of the Soviet Union and a great reduction in the threat of communism as a competing system to capitalism and democratic governance changed the focus of US foreign policy. The change did not happen overnight and has ebbed and flowed significantly across time, often associated with the nature of foreign conflicts and US involvement in them but change it did (Saull, 2007, p. 180). The reduction of the size, might and

Accounting And Finance of Newcrest Mining and Orica Ltd †Free Samples

Question: Discuss about the Accounting And Finance of Newcrest Mining and Orica Ltd. Answer: Introduction This report consists of market research done on Newcrest Mining and Orica Limited. The research evaluates both companies and gives recommendations about the investment opportunities in both the companies. Evaluation of analysis done Based on the research on Newcrest Mining Ltd and Orica Ltd following outcome can be drawn: As per CAPM it can be concluded that Systematic Return () of Newcrest Mining Limited is lower than Orica Limited and also Expected rate of return of Newcrest Mining limited is higher than Orica Limited which means Newcrest Mining limited is good for the investment based on CAPM Model. According to Dividend Growth Model, there is positive growth rate in dividend of Newcrest Mining Limited as compare to Orica Limited which shows Newcrest Mining Limited will provide a good value of investment to an investor in future. Also it can be clearly seen that the share price of the Newcrest ltd shows positive growth as compared to the share price of Orica ltd (Yahoo Finance, 2017). Moreover growth rate of Newcrest ltd is also higher than the growth rate of Orica ltd which also gives a positive reason to invest in Newcrest mining limited. Recommendation After considering the following points as discussed in the report it can be concluded that Newcrest Mining limited provides the good value to an investor and therefore investors should invest their fund in Newcrest Mining Limited. Required rate of return using CAPM model Expected return based on CAPM ri = Rf + (Rm Rf) Where, ri= Required rate of return Rf = Risk Free rate (Source: https://www.asx.com.au/). Rm = Expected rate of market return (Refer excel sheet for calculation). = Beta (Refer excel sheet for calculation). ORICA LIMITED ri = 2.10% (Refer excel sheet for calculation). NEWCREST MINING LIMITED ri = 2.30% (Refer excel sheet for calculation). Calculation of share price using Dividend Growth model Ve = D0 (1 + g) ke g Where, Ve = Value of equity shares D0 = Current dividend g = Growth rate ke = Cost of equity ORICA LIMITED VE = $ 64.30 (Refer excel sheet for calculation). NEWCREST MINING LIMITED Since the value is negative of Equity is negative cannot be determined (Refer excel sheet for calculations) Calculation of monthly holding period return (%) for ORICA LIMITED and NEWCREST MINING LIMITED: Date Close Price of ORICA LTD Monthly Return of ORICA LTD 01-09-2016 01-08-2016 01-07-2016 01-06-2016 02-05-2016 01-04-2016 01-03-2016 01-02-2016 01-01-2016 01-12-2015 02-11-2015 01-10-2015 15.2 14.76 14.15 12.33 13.6 15.3 15.37 14.25 14.22 15.5 15.8 16.48 3% 4% 15% -9% -11% 0% 8% 0% -8% -2% -4% 0% (Source: https://au.finance.yahoo.com/). Calculation of share price using Dividend growth model Orica Ltd Newcrest Dividend paid in 2016 $8 $7.50 Dividend paid in 2006 $21 $5 Share price $64.30 Since the cost of capital is lower than the growth rate therefore price of share cannot be determined using this method. Cost of capital 2.10% 2.30% Growth rate -9.20% 4.00% Graphical representation returns References ASX. (2017). Newcrest Mining Ltd. Retrieved on 17 April 2017 from: https://search.asx.com.au/s/search.html?query=newcrest+mining+limitedcollection=asx-metaprofile=web Newcrest mining limited. (2016). Dividends. Retrieved on 15 April 2017 from: https://www.newcrest.com.au/investors/dividend-history. Orica limited. (2016). Shareholder information: Dividend History. Retrieved on 15 April 2017 from https://www.orica.com/Investors/Shareholder-Information#dividend. Reserve Bank of Australia. (2016). Government Bond rate. Retrieved on 15 April 2017 from: https://www.rba.gov.au/. Reserve Bank of Australia. (2017). Cash Rate. Retrieved on 15 April 2017 from: https://www.rba.gov.au/statistics/cash-rate/ Yahoo Finance. (2016). Newcrest Mining Limited. Retrieved on 15 April 2017 from: https://au.finance.yahoo.com/quote/NCM.AX/history?p=NCM.AX Yahoo Finance. (2016). Orica Limited. Retrieved on 15 April 2017 from: https://au.finance.yahoo.com/quote/ORI.AX/analysts?p=ORI.AX