Human Resource Management ( Hr ) - 1550 Words

Human Resource Management (HR) acts to serve a function which is aimed at maximizing the overall performance of a business and its employees in relation to the employer s set standards and strategic objectives. The primary focus of HR is concentrated upon the management of employees, and on the policies and systems within and outside the organisation. (Boxall Purcell, 2011). â€Å"Strategic Human Resource Management (SHRM) aims to align the functions and processes of HR with the strategic aims and objectives and competitive advantage of an organisation.† (Hartel, Fujimoto, Strybosch Fitzpatrick, 2006). After all, the key characteristic of HR is ‘integration.’ The role of HR and HR Professionals can be linked to four main SHRM theories which will be discussed below: According to the first theory- Jackson Schuler’s theory; â€Å"a variety of macro-level environmental characteristics influence the adoption of particular organisational HR practices, policies and philosophies.† (Hartel, Fujimoto, Strybosch Fitzpatrick, 2006). Therefore macro-level environmental factors such as: laws and regulations, politics and culture all need to be considered by the HR department or HR Professionals as these factors will ultimately influence the organisation’s performance and overall success. Jackson and Schuler’s model also indicates how aspects such as the size of a business, the structure of a business, the strategy of a business, the technology of a business and the stage in a business’sShow MoreRelatedHuman Resource Management ( Hr )1499 Words   |  6 PagesHuman Resource Management (HR) is a function in an organisation aimed at maximizing employee performance in relation to the employer s set standards and strategic ob jectives. The primary focus of HR is concentrated upon the management of employees, and on the policies and systems within and outside the organisation. (Boxall Purcell, 2011). â€Å"Strategic Human Resource Management (SHRM) aims to align the functions and processes of HR with the strategic aims and objectives and competitive advantageRead MoreHuman Resource Management and Hr1030 Words   |  5 PagesThe report below sets out the importance of the HR function, explains how HR activities support the organisation’s strategy and ways HR support line managers and their staff. The HR Function is in a position to add value by proper formulation and implementations of the following activities and in turn support the organisation strategy. Recruitment and Selection Recruiting the wrong people can lead to a drop in productivity, lack of commitment, low morale, and rapid staff turnover, all of whichRead MoreHuman Resource Management And The Hr Department1532 Words   |  7 Pages Although Human Resource Management did begin as a administrative job, advancements in technology has increased a business’s resources to the point of needing this department to take on a more strategic role. The HR Department is or all intend and purposes the center point for the employees needs ranging from - payroll, benefits, vacation, as well as staying up to date with the legal matters. The roles the HR department have always been aimed at meeting the needs of the employee, with a strategicRead MoreHuman Resource Management : Hr Professionals1528 Words   |  7 Pagesmuch discussion about the issue of whether Human Resource (HR) roles can be integrated into the new position by the HR function in companies. Human Resource Management (HRM) can be defined as â€Å"a strategic, integrated and coherent approach to the employment, development and well-being of the people working in organizations† (Armstrong, 2014, p.5). HR professionals’ works are regarded as emp loyee training, recruitment, personnel administrative, reward management, service delivery, and organizational performanceRead MoreHuman Resource Management And The Hr Department955 Words   |  4 PagesHuman resource management is the key to a business that runs smoothly and efficiently. The people that run the HR department have to be knowledgeable in many capacities such as interviewing, training, accounting, and ensuring that everyone is performing their job duties in a high quality way. Recruitment of personnel is one of the main things that most think of when they hear human resource management. You can be guaranteed that anyone earning a paycheck in the building has gone through theRead MoreHr Field Of Human Resource Management1668 Words   |  7 PagesHR in the 21st century Introduction: As the business world journeyed into the 21st century, the traditional ways of handling many business aspects slowly drifted away. This â€Å"turn-of-the-century† brought a whole new way of how businesses operate and the departments within. These new ways of the business include the prominence of technology, the ongoing fight for diversity in the workplace, and expansion on globalization. Because these changes also effect the employees within the workplace, thisRead MoreThe Hr Management : The Job Of Human Resource Management1146 Words   |  5 Pages1a.Personnel management is an administrative function of an organization that exists to provide the personnel needed for organizational activities and to manage the general employee-employer relationship Human resource management; The job of human resource management is to ensure that the organization has the human capital it needs to accomplish its goals. (Account management, 2009) KPMG; HR management 1.They make available the required training development any staff need right from recruitment 2Read MoreHr Philosophy : Human Resource Management2225 Words   |  9 PagesHR Management Philosophy â€Å"Human Resource Management is a function in organizations designed to maximize employee performance in service of an employer’s strategic objectives.† (HR Course Book (1)) Thus, â€Å"HR philosophy is basically the guiding principle behind how your HR function executes on its vision, mission and goals.† (Wikipedia) It is inclusive of recruiting, interviewing, job offering or hiring, benefits, training, retention, policy and procedures, and promotions of it’s human capitalRead MoreHr Issues : Human Resource And Senior Management2851 Words   |  12 PagesHR issues have been common in many organizations. Productivity is one of the recent issues that a certain organization is facing. The level of production matters a lot in all organizations (Eden, 2015). This is the main aspect that an organization focuses and aims to achieve in its daily operations. The organization has met challenges as it tries to sustain its performance. Productivity managem ent involves the process of monitoring and developing activities in an organization to ensure that thereRead MoreHuman Resources Department Is Responsible For Performing Hr Management Essay1620 Words   |  7 PagesThe human-resources department is responsible for performing HR management. This includes overseeing numerous aspects of employment, such as compliance with labor laws, employee benefits, recruitment and retention just to name a few. According to APHSA (2016), there are four primary functions for which HR is responsible: Executing HR Administrative Functions; Developing Talent; Influencing Culture; and Influencing Direction. By executing HR admin functions the department; builds trust with administration

Isolation In Franz Kafkas Metamorphosis - 1145 Words

Secluded From It All! Have you ever had that feeling that you were all alone or isolated from society? Many people deal with this unconscious feeling everyday. Having to go about your life everyday with this thought can be very depressing and can often lead to death. Just like the many people in the world, the main character, Gregor Samsa, also felt this way. Isolation refers to the situation of being alone and/or without others around. Due to his transformation, Gregor was immediately isolated unlike his other family members who chose to be away from their problems in the world. Everyone in the Samsa family has their own reasons of why they chose to be isolated from society. Due to these choices, the entire Samsa family also undergo†¦show more content†¦Grete’s transformation had came to an end. She was no longer a teenager, restricted from the world and things she says, but was now a woman. She had now entered into adulthood and would not allow for the monstrosity to continue on any long er. Gregor’s father, Mr Samsa, didn’t have a job. As the head of a house typically they would have a job and be the ones providing for the family. In this case, Gregor was the head man of the house bringing in all of the money to pay back the familys built up debt. By refusing to go out into society and find a reasonable job, Mr. Samsa isolated himself. The book stated â€Å" His father was healthy but old, and lacking in self confidence† ( Kafka 15).Having a lack of self confidence can be very detrimental to anyone and for Mr. Samsa, old age combined with lack of self confidence will not get you anywhere in society. This is another reason as to why he has internally chosen isolation from society. Once Mr. Samsa did finally obtain a job, he showed how his identity in society would be perceived. â€Å" He was standing up straight enough now; dressed in a smart blue uniform with gold buttons, the sort worn by the employees at the bankingShow MoreRelatedEssay Isolatio n in Franz Kafka’s The Metamorphosis867 Words   |  4 PagesFranz Kafka’s clear isolation of Gregor underlines the families’ separation from society. In The Metamorphosis, Kafka emphasizes Gregor’s seclusion from his family. However, Gregor’s separation is involuntary unlike the family who isolates themselves by the choices they make. Each family member has characteristics separating them from society. These characteristics become more unraveling than Gregor, displaying the true isolation contained in The Metamorphosis. Grete’s isolation fromRead More Mental Isolation in Franz Kafkas The Metamorphosis Essay1428 Words   |  6 PagesMental Isolation in Franz Kafkas The Metamorphosis The metamorphosis very possibly was written by Kafka as an outlet for his feelings of isolation and helplessness. In it, the protagonist, Gregor Samsa, awakens one morning to find himself spontaneously transformed in his bed into a monstrous vermin. The story continues from there in a most realistic fashion: his family rejects him, and he stays cooped up in his room until he dies. Although interpretations of the story differ, my opinion isRead MoreThe Existential Isolation And Biopsychological Change1519 Words   |  7 PagesExistential Isolation and Biopsychological Change in The Metamorphosis and â€Å"Letter to my Father† by Franz Kafka and Unwelcome Visitors† by Tessa Farmer This literary and art analysis will define the correlation between the writings of Kafka and the installation art of Tessa Farmer’s in relation to the themes of existential isolation and biopsychological change. Gregor’s anxiety in The Metamorphosis is partially due to the alienation of society, which cases an existential period of isolation in whichRead MoreThe Metamorphosis By Franz Kafka1147 Words   |  5 PagesPaul Kim Professor Teresa McCarty AP Language 27 October 2015 The Metamorphosis Franz Kafka led a life filled with struggles, particularly evident in his relationship with his father. His experiences and feelings in life are manifested throughout his writings, as the themes in his life dominate the themes of his works, especially so in his novella, The Metamorphosis. Through his extended metaphor of Samsa as a vermin, Kafka illustrates the family dynamic present throughout his life, that of his familyRead MoreThe Metamorphosis Isolation Essay1491 Words   |  6 PagesFranz Kafka’s feelings of isolation throughout his life caused him to portray characters in his writing as outcasts as a result. The basis of Kafka’s novel The Metamorphosis is the effects of isolation on man and it’s impact on life. The use of modernism in Kafka’s writing was a reflection of the characteristic shift from the beauty and innocence of romanticism to the cold harsh reality of life after World War I. Kafka’s lifelong alienation intersects with his wor k where he draws on his personalRead MoreThe Relationship Between Gregor and Samsa Essay1670 Words   |  7 Pagesexistence have evolved along with them. Among the literary pioneers who have explored the meaning and purpose of existence, Franz Kafka is one to be noted and studied. A follower of the existentialism movement, he made it a point explore existential philosophy in his literary works. In Franz Kafka’s The Metamorphosis, the main character Gregor Samsa is the parallel to Franz Kafka which is evident through the portrayal of their similar paternal relationships, ties to existentialism, and their inabilityRead MoreThe True Metamorphosis.. Franz Kafka Owns A Part Of The1448 Words   |  6 PagesThe True Metamorphosis. Franz Kafka owns a part of the human emotional spectrum, which the world can now call the Kafkaesque, a term for someone who exhibits nightmarish qualities of Kafka’s fictional world (Franz Kafka). Kafka’s twisted world is in no way pleasant, very Kafkaesque. It feels like a nightmare, and yet it is a place where many people, if only for a moment, will end up. Kafka’s most appreciated piece of literature, â€Å"The Metamorphosis,† creates an extension of Kafka’s life throughRead MoreMetamorphosis Kafka Isolation Essay889 Words   |  4 PagesState of Isolation Societal isolation. It’s a condition that can affect anyone, regardless of their wealth or social class. It can affect the rich, the poor, the old, the young, anyone really. It is a timeless problem that has plagued society since the beginning. Franz Kafka’s book, The Metamorphosis, helps us answer the question of the causes and effects of societal isolation, and how societal isolation can affect the individual. The main character of Kafka’s book, The Metamorphosis, is a normalRead MoreFranz Kafka s The Metamorphosis1544 Words   |  7 PagesFranz Kafka, struggled throughout his life with isolation, which is clearly a great influence and inspiration in his work, The Metamorphosis. Franz Kafka was born in 1883 to an upper middle class Jewish family in Prague. Kafka struggled with many problems in all facets of his life, most significantly in his his health, his relationships with the people in his life, and his relationship with work. Each of these problems contributed to his isolation, which is reflected in his character Gregor Samsa’sRead More Comparing Franz Kafka and Gregor Samsa in The Metamorphosis Essay1549 Words   |  7 PagesSimilarities between Franz Kafka and Gregor Samsa in The Metamorphosis It is unusual to say the least to open a book and the first line is about the main character waking up as a large insect. Most authors’ use symbolism to relate the theme of their work, not Franz Kafka. He uses a writing method that voids all aspects and elements of the story that defy interpretation. In doing this, he leaves a simple story that stands only for an objective view for his own thoughts and dreams. Kafka focuses

Mba Essay Sample Free Essays

MBA essay sample I came from a family who made constant use of street smarts to survive living in Nigeria. Both of my parents have not even finished secondary education. However, my hardworking mother never wanted the same fate for me. We will write a custom essay sample on Mba Essay Sample or any similar topic only for you Order Now She never dare imagine me as a mainstay in the sweltering, overpopulated streets of Lagos, in danger of becoming the next victim of violence. It is a city full of tribal and religious tensions, forever waiting to explode. Yet, this was where I had learned leadership and discipline. It was hard enough to live in a dangerous neighborhood, but to concentrate in my studies while helping my parents sell market goods during my free time seemed next to impossible. I made a game out of it, giving points to myself for everyday I was able to fulfill all my duties. If I had to add the points together and redeem them in a form of money, I would now be a very rich man. With points in my imaginary bank, I was able to get a college degree in Economics. This made sense to me because I had always been interested in supply and demand. My parents’ daily toil in the market awakened me to this idea since I was just a young boy. I was also interested in the idea of rewarding a job well done, as I used to do to myself. An Economics degree also made me understand how some countries could rise and fall. I want to be able to control the rise of a future business. Here in the United States, I worried more about social acceptance and understanding. I am, after all, a minority among minorities, a black Muslim. The dangers that I was exposed to back home had taught me how to put on a brave front. However, I realized there was no need to be afraid. Even though there were still people who would look at me curiously when I don my traditional Nigerian clothes, everything is almost perfect. I say almost perfect, because we are always still working toward perfection. I am now aiming to enroll into an MBA program, hoping that this will enhance whatever business skills I already have. I want to be able to create a safer environment, in which my parents can sell their goods. Maybe I can convince them to start a new business, aside from selling in a market stall. An MBA degree is a special tribute I give to my parents. My parents value education, though they were not so lucky to become fully educated. It is with gratitude that I turn to them, looking back to the day I received my Economics diploma. It is with hope that I face my future, hopefully with an MBA degree that can help not just myself but my beloved parents to survive their plight. How to cite Mba Essay Sample, Essays

Financing the Project and Availability of Financial Sources

Question: Discuss about the Availability of Financial Sources. Answer: Introduction Organization is comprised of several set of activities which are performed with a view to achieve certain level of goals and objectives. In order to run business process, a firm needs to deploy financial sources in determined approach. In this paper, a complete study has been prepared for the availability of financial sources, best suitability of financial option, risk and return associated with sources of finance. Financial management is accompanied with arranging and deploying the capital in company. There are several reasons for which a firm would need capital such as buying of assets, paying salary to its employees, expanding its business and making strategic alliance with other companies. Therefore, arrangement of financial sources is very crucial step which should be taken with utmost care and due diligence by the financial managers and other board members. This firm has been suffering with sources of funds in its business functioning. There are several options that could be ta ken into consideration by the CEO of company to raise capital for financing its project (De Visscher, 2016). Sources of financing With the increasing ramification of economical changes, a company could raise funds through several means. Nonetheless, the main concern in raising funds from the market is related with cost of capital. Sources offinance can be defined as ways or process through which a company could raise funds for its projects. Organization needs to evaluate all the possible sources offinance so that possible reduction in cost of capital could be made by electing particular financial source. There are different sources of finance which could be used by firm tofinance its particular project such as (Strange, et al. 2015). Issues of capital Capital of the firm is comprised of security financing, equity share, preference share and debentures. Share capital is the part of capital of firm which represents the ownership in company. It is identified that issues of shares by organization results into dilution in its ownership. Firm can come up with initial public offers or further public offer to raise funds from public. Nonetheless, in this offer company has to evaluate its different expenses and issuing cost (Floatation cost) then further steps are taken. Issue of share capital is the most suitable course of action for raising funds by firm. It is evaluated that firm has to consider several things before issues of shares such as brand image of company, gearing ratio, cost of issues of shares, shareholders expectation, dilution in shares, agreement with underwriter and market condition. Private placement This is also known as internal funding. In this process, all the project financing will be done by promoters or partners of the company. However, this process is mostly accepted when owners or partners in the firm are wealthy enough. Private placement is based on the agreement between partners and signifies how much contribution would be made by partners separately in firm for financing the chosen project (Stadelmann, et al. 2014). Issue of debts Debts are also known as bonds which are issued at certain percentage of interest rate to holders. Bond holders or debenture holders are liable to take the firm in dissolution procedure if their interest amount is not paid within time period or firm made default in payment of their capital in time. However, firm opt for this financing project when it is having good amount of profit and paying high amount tax. Interest on debts is the tax deductable expenses which are used by firm to save the tax expenses. As stated by Fraser, Bhaumik, Wright, (2015). It is reflected that management department of firm before issuing debts in market needs to evaluate the gearing ratio and capital structure. It is observed that interest amount is charged against profit. If firm is unable to pay the debt portion of debenture holders then they could fetch company in liquidation, dissolution or winding up procedure in significant approach (Fraser, Bhaumik Wright, 2015). Retained earning This is the amount of reserve which is created by firm from its profits throughout the time. Retained earnings are also known as distributable profit. Nonetheless, company or firm with the consent of its owners could plugged back its all retained earnings in its business functioning. This type of funding is comprised with less cost and reduces the cost of capital for the organization. This is the most suitable source of financing option which helps firm to reduce its overall cost of capital (Tarca, Morris Moy, 2013). Securitization Firm can also issues scriptures on the basis of its assets. This process is useful for converting non liquid assets into liquid assets. This is the best source of financing which provides money to organization by issuing shares on the basis of underlying assets. Ideally, in this source of finance is used by banks and financial institutions for raising funds on the basis of illiquid assets (Palley, 2013). Factoring It is the process which could be used by organization to sell of its debtors in the market. For instance, if firm is having $2 million as its debtors in its balance sheet which has longer life cycle. Then in this case, firm could sell of its debtors to banks and other financial institutions at certain discount. It helps firm to collect the money on instant basis (Jacob, et al 2016). Issue of employee stock option scheme It is observed that if firm is having a good amount of employees team then in order to align the interest of employees with the development of firm, shares are issued to employees. These are the shares, issued to employees especially at stipulated rate lower than the market price. This assists firm in managing funds and boosting relation with its employees in determined approach. Lease and hire purchasing Leasing is the process through which firm could take machinery and plants on installment without blocking big amount of money. In this program firm instead of blocking cash would go for buying plant and machinery on lease basis. This process is suitable as interest amount in lease installment is tax deductable which will help firm to reduce its tax payment amount. Government grants It is further evaluated that firm could also suggest its project proposal which is adopted in the public interest to government. If it is approved by government then firm could easily get grants from the government Venture capital financing In this option firm would enter into agreement with angle investor or incubators who are ready to take high risk for higher return. If firm thinks its adopted project is highly risky then it should go for financing its project through venture capitalists that are ready to take high risk for the higher return (Mina, Lahr Hughes, 2013). Longer operating cycle Operating cycle could be suggested as cycle to covert raw material into finished goods. Firm by purchasing raw material on credit terms and selling finished goods in market on cash term could easily use available cash funds in its business functioning. This is also known as prudent methods to block less capital in the business functioning of organization (Hughes, 2014). Overdraft It is the small amount of loan which is taken by firm for a short time period. Ideally, it could be defined as facility provided by banks to its customers to withdraw money more than their limit. However, it is given for certain level of amount and for limited period which vary according to clients (Lee, Sameen, Cowling, 2015). There are several sources of finance which is available for the firm. It is also evaluated that company has to manage its resources accordingly. It should opt for sources of finance which provide less cost of capital for the organization. As per the perception of Swinnen Maertens, 2014 it is divulged that if company is having less cost of capital then it would result into higher return to company. Now it would be inferred that if an organization wants to raise capital from the market then it should consider following factors such as cost of capital, availability of funds, market condition, capital structure and gearing ratio. CEO and financial manager of company are the key managerial persons who evaluate the project financing to finance its particular project. It is further evaluated that capital budgeting is an important tools which helps financial managers to make investment decision in particular projects (Swinnen Maertens, 2014). In case if company does not have any retained earnings and want to finance its project Retained earnings are the amount of distributable profit which is collected amount of profit which is accumulated by company from all years earning throughout the time. If firm finance its project from its retained earnings then it would be called plugging back. In this case it is divulged that firm does not have any retained earning then firm could have other several options as per its choices (Demirel Parris, 2015). Issues of shares If firm does not have any retained earnings and wants to finance its project then it could come up with initial public offers and further public offers to public. According to Micale Oliver, 2015 issue of share in market is comprised of several costs such as flotation cost, hiring underwriters and amount of dividend. Shareholders who provide money to company can never ask to get back their invested money until and unless firm goes in dissolution. Therefore, firm should consider whether cash inflow from the particular project is more than cost of equity or not. In addition, firm should also evaluate its capital structure to identify whether if firm issues more share in market would result into loss of business control. Promoters of firm should ideally issues share in market up to 49% of total share capital otherwise it will result into acquisition of firm by some other persons (Micale Oliver, 2015). Issues of debts Debts are the document which is issued to debt holders for the capital amount. Financial managers of firm could raise capital from banks, financial institution and other authorized institutions for arranging finance for the firm. It is further evaluated that if firm does not pay its debts amount in time then debt holders could fetch firm in winding up or liquidation. As stated by Casey O'Toole, 2014 it is considered that interest on debts is charged against profit and tax deductable as well. Firm by using debt portion for financing its project could save tax amount. Firm also need to evaluate the risk of financial leverage while issuing debts to public. In case if earning of firm is highly fluctuated and there is high amount of interest payment then company should no issues debts to general public. Issues of debts would only be recommended when company is having good amount of profit on consistent basis. If company has high fixed cost and less earning then it will depict that compan y is having high financial leverage risk. This risk reflects that company is having hurdles in covering its financial cost. The main imperative factor in this case would be that the cost of debts for firm would be less as compare to cost of equity (Casey O'Toole, 2014) Firms choice of action After analyzing all the pros and cons of issues of shares and debts of company it could be said that if company is having less gearing ratio then it should go for issues of debts. As per the views of Bhattacharya, Londhe, 2014 it is revealed that in case if company is having high gearing ratio then in order to establish good equilibrium between shares and debts firm should go for issues of shares. This option has been suggested because cost of equity is comprised of several costs which put hard burden on the company and decrease the profit earning capacity of firm. On the other hand issue of debts would result into tax saving and less interest payment to debt holders as compare to availability of return to shareholders. Now it could be concluded that if firm is having adequate gearing ratio then it would go for issue of debts in market for raising finance. On the other hand if firm is having less profit earning capacity then in this case firm should issues shares in market for raisi ng finance (Bhattacharya, Londhe, 2014) Cost associated for raising finance Lets just understand with the example that if company issue shares valued at $10 million to public then it would comprise have cost Cost for issues of shares = floating cost( 1%* $1,00,00,000)+ return to shareholders (15%*$ 1,00,00,000) and other expenses ($10,000) $ 16, 15,000 If firm issues debts in the market for raising $10 million to public then it would comprised of cost Cost for issues of debentures = paper work cost (.5%* $1, 00, 00,000) + interest to bondholders (11%*$ 1, 00, 00,000) and other expenses ($10,000) $ 11, 60,000 Risk involved in Opting particular source of finance Risk could be defined as uncertain event or possibility of unfavorable situation for the organization. Risk and return are interrelated to each other and should be handled or managed by organization in significant approach. Risk could be defined as beta in financial term. In order to raise capital from the market firm has to face several risks. As per the perception of Palley, 2013), it is found that if company issues shares in the market then it would result into less risk for the organization comparatively. This firm could identify the level of risk by calculating gearing ratio (Charya, et al. 2017). This ratio divulges the relation between debts and equity of the company. In addition, firm could evaluate how well company could bear fixed cost from its earned profit in particular year. According to Elyasiani, Mester, Pagano, 2014 it is considered that if company is having low amount of profit which is less than its financial cost. In this case, all the creditors and other lenders could fetch firm in liquidation or winding procedure if their money is not paid within stipulated time. In addition, Interest is charged against the profit which is to be covered by firm from its yearly earning otherwise it would result into destruction of business image in the minds of stakeholders (Elyasiani, Mester, Pagano, 2014). If firm goes for issuing equity shares then it would result into higher cost of capital and would decrease the efficiency of firm in profit earning. Both options are accompanied with different risks. Therefore in order to minimize risk firm could go for electing mix options. In this case, firm would take 50% of project financing from issues of debts and 50% from issues of shares in market. It is considered that all options have its own pros and cons. It is up to management department how to minimize them in effective manner. Conclusion In this paper a complete adamantine study has been prepared over the financial sources availability. There are several sources from which a firm could raise capital for financing its project. Firm should consider its own capital structure before electing in particular sources of finance. There are several factors that should be considered by firm such as cost of capital, return on capital, and nature of business, capital structure, tenure of payment and terms and conditions of lenders. It is evaluated that a good financial manager could easily determine which option is best for its firm. If he has chosen wrong source of finance then it would result into winding up or dismissals of firm. Now in the end it could be inferred that firm should evaluate all the sources of finance and then should use it accordingly for financing its project. References Bhattacharya, S., Londhe, B. R. (2014). Micro Entrepreneurship: Sources of Finance Related Constraints.Procedia Economics and Finance,11, 775-783. Casey, E., O'Toole, C. M. (2014). Bank lending constraints, trade credit and alternative financing during the financial crisis: Evidence from European SMEs.Journal of Corporate Finance,27, 173-193. Charya, V. V., Pedersen, L. H., Philippon, T., Richardson, M. (2017). Measuring systemic risk.Review of Financial Studies,30(1), 2-47 De Visscher, F. M. (2016).Financing transitions: Managing capital and liquidity in the family business. Springe Demirel, P., Parris, S. (2015). Access to finance for innovators in the UK's environmental sector.Technology Analysis Strategic Management,27(7), 782-808. Elyasiani, E., Mester, L. J., Pagano, M. S. (2014). Large capital infusions, investor reactions, and the return and risk-performance of financial institutions over the business cycle.Journal of Financial Stability,11, 62-81. Fraser, S., Bhaumik, S. K., Wright, M. (2015). What do we know about entrepreneurial finance and its relationship with growth?.International Small Business Journal,33(1), 70-88. Hughes, A. (2014).Short-termism, Impatient Capital and Finance for Manufacturing Innovation in UK. Centre for Business Research, University of Cambridge. Jacob, M., Johan, S., Schweizer, D., Zhan, F. (2016). Corporate finance and the governance implications of removing government support programs.Journal of Banking Finance,63, 35-47. Lee, N., Sameen, H., Cowling, M. (2015). Access to finance for innovative SMEs since the financial crisis.Research policy,44(2), 370-380. Micale, V., Oliver, P. (2015). Lessons on the Role of Public Finance in Deploying Geothermal Energy in Developing Countries.Climate Policy Initiative. Mina, A., Lahr, H., Hughes, A. (2013). The demand and supply of external finance for innovative firms.Industrial and Corporate Change,22(4), 869-901 Palley, T. I. (2013). Financialization: what it is and why it matters. InFinancialization(pp. 17-40). Palgrave Macmillan UK. Stadelmann, M., Persson, ., Ratajczak-Juszko, I., Michaelowa, A. (2014). Equity and cost-effectiveness of multilateral adaptation finance: are they friends or foes?.International Environmental Agreements: Politics, Law and Economics,14(2), 101-120. Strange, A. M., Dreher, A., Fuchs, A., Parks, B., Tierney, M. J. (2015). Tracking underreported financial flows: Chinas development finance and the aidconflict nexus revisited.Journal of Conflict Resolution, 0022002715604363. Swinnen, J. F., Maertens, M. (2014). Finance through food and commodity value chains in a globalized economy. InFinance for Food(pp. 45-65). Springer Berlin Heidelberg. Tarca, A., Morris, R. D., Moy, M. (2013). An investigation of the relationship between use of international accounting standards and source of company finance in Germany.Abacus,49(1), 74-98