Herrick’s Restaurant

Herrick’s Restaurant is a new restaurant company in its formative stages and is being organized in order to take advantage for the lack of significant number of product lines that present restaurants in the United States do not have at present days.Furthermore, with the opportunity to offer cheaper, variety of high quality food services to its target customers, Herrick’s Restaurant plans to dominate the restaurant industry in the United States. With the present unstable condition of the U.S. economy many consumers become price conscious and started searching for cheaper but high quality goods and services in the market.With this present market trend and behavior of American consumers, Herrick’s Restaurant expects to become more profitable relative to the present restaurants in the market through its cheap and vast variety of great tasting quality foods. Furthermore, in order to secure the success of Herrick’s Restaurant in the market, it plans to launch fi ve store branches every year so as to increase its market share faster.With Herrick’s Restaurant skilled chefs and crew as well as staffs, it plans to provide extra ordinary experience to its customers by giving them the combination of highest quality of food and services. Herrick’s Restaurant management’s value on the satisfaction of their customers would serves as the pillar of their success.The classy interior design of Herrick’s Restaurant would give relaxing experience to its customers and perfect for family gathering, business meetings, or even a place where peers could meet and make bond with one another.These unique qualities of Herrick Restaurant would give it enough room to easily out-perform its competitors in the market and at the same time make large amount of profit despite of the present unstable condition of the U.S. economy. It is being expected that after the next five years, Herrick Restaurant would start entering the international mark et and operate on many countries to further expand its horizon in the restaurant industry.Herrick Restaurant’s ObjectiveHire high skilled staff and the best Chefs in the culinary world through high salary payments and more employee benefits relative to other restaurants in the market To have 40 percent market share in the next 5 years operation of the restaurant. Double its revenue by the end of 2009.To out-perform its competitors in the market in terms of sales volume and profits annually. Become the top restaurant in the U.S. market in 2016. Operate internationally by 2013 to further expand the market and market share of the company. To add 5 or more restaurants in the U.S. market every year to support high growth for the company. Mission of Herrick’s RestaurantHerrick’s Restaurant has a mission of providing cheaper, vast variety of great-tasting-high-quality dishes plus superb services from its staffs to provide extra ordinary experiences to its target custom ers. All of our efforts and strategies will point towards attaining higher customer satisfaction and improving the skills of our Chefs, crew, and staffs.This premium that our management is giving to our target customers would serve as its main avenue towards being the top restaurant in the U.S. restaurant industry and have impressive growth in terms of profit and/or sales volume.Furthermore, it is not only great service and food quality that we offer to our target customers but also providing relaxing environment and atmosphere that will suit people from different walks of life while inside our store. In the end, this mission of ours will guide us in future decision making processes and would serve as the pillar of many strategies of the company towards the attainment of market success and dominance.Restaurant Industry OverviewRestaurant industry has been one of the most profitable and stable industries in the American market for the past years. This is the main reason why the owner s of Herrick’s Restaurants decided to establish a restaurant business than any other possible business venture in the market.The restaurant industry in the United States is being expected to have a sales equivalent to 558 billion USD this year and has been behaving positively since 1970’s and to have a sales growth equal to 4.4 percent in 2008 (Restaurant.org, 2007).Eating establishment is one of the types of restaurants that provide the highest sales projections for 2008 where Herrick’s Restaurant is classified. This only means that this year is a â€Å"good year† for the officials of Herrick’s Restaurant to become aggressive on its expansion programs in the market.

Lost Military Id

I won't say that losing my Military Identification card was completely out of my control, but even losing it twice can happen obviously. Things happen, we've all lost something before, hell I had lost $75. 00 cash before. When I woke up the next day and couldn't find it, I was so pissed, but it happened and there was nothing I could do about it, just had to take it as a loss. I’m only human, and this will not be the last mistake I ever make. However, I won’t make the same mistake over and over again. I am certain that the corrective training I am doing sucks just enough if not more to make me want to ensure to maintain firm awareness of the location of my Military Identification card at all times from now on, which I'm sure was the intention of this corrective training or essay writing. Don't get me wrong a lot of bad things have the potential to occur if my Military Identification were to fall into the wrong hands,people could get hurt and it would be my fualt. Also what I am doing is not punishment, punishment is Uniformed Code of Military Justice, that's something totally different and effects my well being, my career, and a lot more in the long run so I should be fully greatful and fully blessed that I didn’t get a uninformed code of military justice article 15. Corrective training is just that, TRAINING. Mistakes are okay, so long as people don't repeat the same ones and they learn from them. The U. S. army values soldiers that are accountable for their actions. Being accountable means being dependable-arriving to work and appointments on time, meeting deadlines, being in the right place at the right time, doing the right thing at the right time, and making sure you have your i. d. card at all times. Morning formation is the most important formation of the day. It is made to get accountability of everyone and put out any information that there needs to be dealt with. Without having accountability there is no knowing of where everybody is or what's going on. I have realized that is an important asset always showing up on time. It shows others in the unit that your dependable and ready for more responsibility. If a soldier fails to keep control of the simple things theres noway someone would put him in charge of other soldiers and likewise the soldeirs under him wont respect him cause they cant trust him to keep accountability of formation and tasks given by 1SGT. If were a leader and hade a soldier loseing his sensitive items i would be makeing him do the same thing by writing an essay it gives you to to look up information on the subject of losing an id card i learned lot. the next few paragraphs are of the five top reasones a soldier needs to keep acountability of his Military Identification card. One, someone can use a Military ID to sneak on to base and by passing security. Two, the Soldier who lost their military ID will not be able to access areas restricted to civilians and will be restricted from computers on base. Three, the Soldier can lose security clearance through the chain of command. Four, S oldier cannot access Postal Exchange (PX). Five, the Soldier could possibly be non-judicially punished and possibly lose rank. Allow me explain them further. Reason one: It could help a terrorist to bypassing security. If someone were to find a Soldier's Military ID and bypass base security, the person who breached security could steal sensitive documents, harm other soldiers, or map out the base for future attacks and they could do these multiple things in a twenty-four hour period if they were smart and fast enough to do it. First thing they could do is get access to restricted areas and possibly sabotage military equipment. In addition, they could steal military grade equipment, blue prints to new weapon designs, military vehicles, and information regarding the movement of Soldier's that are out in the battlefield and their objectives, depending on the security clearance of the soldier's military ID. Reason two: military restrictions for losing Military ID. The Soldier who lost his or her military ID will not be able to access areas restricted to civilians and lose access to computers on base. If a Soldier had to report to a restricted area to perform any duties and did not have his or her military ID, they would not be able to perform their duties or tasks given by a superior. In addition, if the Soldier had to access important information about an upcoming task or mission and he or she do not have their military ID; they would not be able to access the important Intel. Reason three: soldiers who lose there military ID card could lose there security clearance as a result effect there job performance. In a combat zone when soldiers are spread thin cause of heavier work load this can jeprodize the mission and put more work load on other soldiers. A security clearance is also good to have in the civilian job sector for when you get out so if you lose it youll lose better job oppurtunitys Reason four: A soldier who loses there ID card will not be able to make use of the PX, MWR, or the resiliance center. These places offer a place for soldiers to go so they can rest and have fun. so till the soldier is able to get a new ID card these places are off limits. Reason five: Wrongful disposition of U. S. Military property. Article 108. Military property of United States Loss, damage, destruction, or wrongful disposition. Any person subject to this chapter who, without proper authority (1) sells or otherwise disposes of; (2) willfully or through neglect damages, destroys, or loses; or (3) willfully or through neglect suffers to be lost, damaged, destroyed, sold, or wrongfully disposed of; any military property of the United States, shall be punished as a court-martial may direct. my only hope in ending this essay is that my nco thinks its good enough cuase ive typed all i can on the suject its 2330 right know and i still havent called my daughter and im tired. so good night.

Case Study Mcdonalds

It operates over 35000 restaurants in more than 100 countries on six continents. 5 It has an unparalleled global infrastructure and competencies in restaurant operations, real estate, retailing, marketing and franchising. McDonald’s website says that it is a leader in the area of social responsibility and is committed to protecting the environment for future generations. 7 Strong and wide communication channel in the market. (deng, 2009) 8 Play areas for children. 9 Large target markets. 10 Recession resistant (Birchall, 2008) 11 In September 2003 successful backing up of new products was launched with MTV’s advertising campaign featuring the new tag line, â€Å"I’m Lovin’it†. (Jennifer, 2004) WEAKNESSES 1 McDonald’s has not achieved its growth expectations in past several years. Narrow Product lines. (deng, 2009) 3 McDonald’s brand association as a junk food. (deng, 2009) 4 Few option for healthy eating 5 High employee turnover rates. (macy, 2012) 6 McDonald’s also have some bad effects on environment. (ltd. , 2006) 7 McDonald’s also faces many types of legal actions on many issues. OPPORTUNITIES 1 Product packing for McDonalds now features QR codes for customers to get nutritional information. Mcnamara, 2013) 2 Opportunity to enlarge market, the consumers who care about health issue. (deng, 2009) 3 Slightly changing market brand image of McDonalds. (deng, 2009) 4 In 2009, McDonald’s launched its hefty Angus burger in all U. S. A locations. 5 Introduction of trans-fat-free French fries in all restaurants in the U. S. A and Canada. 6 Introduction of McCafe. 7 Testing marketing fruits and vegetables as happy meal at some outlets. 8 McDonald’s franchises overseas became a favorite target of people and groups expressing antiglobalization sentiments. Entry into new and highly popular product categories. THREATS 1 Public attack about obesity issue. (deng, 2009) 2 Changing taste of consumers. (deng, 2009) 3 Unable to keep patrons as special order sandwiches offered by rivals Burger King and Wendy’s. 4 Promotional plans like McDonalds game found conspiracy with 51 people charged in a part of scam winning $24 million by stealing winning McDonald’s tickets. 5 McDonalds showed a delayed effect than other restaurants operators in switching over to zero trans-fat cooking oil. In 2001 McDonald’s was sued for hurting religious sentiments by vegetarian groups for not revealing its flavors in French fries as it added beef extract to vegetable oil and showing it as veg in menu. 7 Consum ers began filing law suits that eating at McDonald’s had made them over weight. 8 Competition from burger kings and Wendy’s. (Thomadsen, 2007) MARKET SEGMENTATION TARGET MARKET| BABY BOOMERS| GENERATION X| GENERATION Y| GENERATION Z| DEMOGRAPHICS| 45-65+| 35-44| 19-34| 0-18| GEOGRAPHICS| URBAN| URBAN| URBAN| URBAN| PSYCOGRAPHICS| More concerned with low cholesterol food| More concerned with low fat food| More concerned with physical fitness food products| Generally eats taste oriented food products| BEHAVIOURAL| Mostly concerned with good quality of food products| Requires access with quick and fresh food service| Generally catch-up food by themselves by reaching out| Check out with friends and family| ISSUE ANALYSIS In 2004,Morgan Spurlock’s documentary film Super-Size Me gave very criticism to McDonald’s fast â€Å"nutrition†, in which he shows how he gains fat and destroy his health by eating McDonald’s. 2 In 1998 McDonald’s started â€Å"Made for you† System but it was not successful. There was a decrease in growth of sales in stores. 3 In 1999 before the implementation of â€Å"made for you â€Å"scheme ,McDonald’s planned to provide about 190 million in financial assistance to its franchisees ,but the actual cost of implementing the system ran much higher than the corporation had estimated. In 2001, 51 people were charged conspiring to rig McDonald’s game promotions over the course of several years, revealing that $24 million of winning McDonald’s game tickets had been stolen as a part of scam. 5 In 2004, McDonald’s was sued for extracting a small amount beef added in to the vegetable oil used for cooking French fries. 6 Many people still complain that the food served by McDonald’s is not hot to eat. RECOMMENDATIONS PRODUCT :- 1 McDonald’s should provide hot food to eat because many customers complaint that their food is not so hot to eat otherwise it will affect sales. McDonalds should bring some new healthier products for all ages because bad effect on health is one of the weaknesses of McDonald’s and bringing some healthier food will help to overcome this image. 3 McDonald’s should provide some free snacks because it will help it compete with its competitors and increase sales. 4 McDonalds should make their products in fat free oil because it will have good effect on health. 5 McDonald’s should also provide some regional food because in this way some rural people will also start accepting its products. Launching of new fried and bone in treats in Chicago. PRICE:- 1 The price of products should be affordable because if they will not be affordable to small income group then its sale will be affected and it will also give the opportunity to competitors to increase their sales. 2 The prices of products should be regularly checked so as to compete with competition because people will buy those products which they can get in low price. PLACE:- 1 McDonald’s should open new franchises in small cities also . It will help them to expand its business and increase growth. McDonald’s should increase the number of its franchises in all countries in order to expand its business. PROMOTION:- 1 McDonald’s should provide some discount on more products purchased because in this way people will buy more. Because some people will start purchasing more items if they can get discount. 2 McDonald’s should provide home delivery service because sometimes some people can’t go to store in order to pu rchase them. It will increase sales. 3 McDonald’s should provide online sale because in this way people can place their orders online. McDonald’s is working on new salads and wraps . (wong, 2013) 5 McDonald, s will test the new fried and bone in treats in Chicago. (wong, 2013) 6 Success of mighty wings in Atlanta. (wong, 2013) BEST RECOMMENDATIONS PRODUCT:- McDonald’s should provide some healthier food for all ages because health obesity is the major problem with McDonald’s . In this way they can get good image regarding health. PRICE:- Prices of products should be regularly checked in order to compete with competition because people will cheapest product. PLACE:- McDonald’s should open new small franchises at small cities also because it will help him to expand its business and increase growth rates. PROMOTION:- McDonald’s should provide home delivery service because sometimes people can’t go to store in order to purchase product. BIBLIOGRAPHY Bibliography Birchall, J. (2008). McDonalds claims fast food sales fighting off slowdown. Financial times. deng, t. (2009, may). McDonalds new strategy on changing attitudes and communication. International journal of marketing studies, 37-42. Jennifer, R. (2004). online branding :the case of McDonalds. ritish food journal. ltd. , n. m. (2006). ICCR sponsered proxy resolutions on genetically modified organisms gain recognition among shareholders at wendys McDonalds . financial wire. macy, a. (2012). financing a remodel:a case of McDonalds Franchisee. journal of case research in business and economics. Mcnamara, B. (2013). McDonalds give the people what they want. Nutrition business journal. Thomadsen, r. (2007). product positiong and competion:the role of location in the fast food industry. Marketing science. wong, V. (2013). will McDonalds mighty wings fly? Business weak.

Infant Death in Developing Countries Essay Example | Topics and Well Written Essays - 250 words

Infant Death in Developing Countries - Essay Example People therefore, have the mandate of donating any amount of assistance which would later be transferred to areas of need by these non-governmental organizations (Semba, 2008, p 88). Connection of the world to become a global village has made it possible for people to interact with each other and help each other. Each person has a mandate of ensuring that all people either in developing or developed countries enjoy their stay in the world. This is through giving out the sharing the little that one has in order to save the life of another one. The people are connected by one spirit of being humans (Semba 2008, p.90). It is therefore, responsibility of each person to ensure that the no one is starving when one has the ability to help. When each person takes the mandate of helping the starving children, it would be possible to eradicate hunger in earth making it possible for each person to enjoy life. In conclusion, it is the mandate of each person to ensure that starving images of children in developing countries are eliminated completely. This is through sharing the little that a person have with the rest of the

Cte d'Ivoire Outline & Report Research Paper Example | Topics and Well Written Essays - 2500 words

Cte d'Ivoire Outline & Report - Research Paper Example Since the issue of who will lead the country has already been resolved, Ivory Coast is in the process of moving forward and breaking all barriers caused by war. The government has concrete plans on turning the fortune of the country. In addition, foreign aid and investments have been pledged to boost the country’s economy. Another issue that prevents Ivory Coast from improving is the lack of human capital development. The level of investment provided to improve cocoa farmers is low. The government needs to pay attention to this segment as majority of the population are into agriculture. Prices of commodities have to remain competitive and taxes should be reduced. I. Country Profile The Republic of Cote d'Ivoire, also known as Ivory Coast is a country situated in West Africa. The country has a total land area 322,460 square kilometers and shares borders with Liberia, Ghana, Guinea, Mali, and Burkina Faso. The southern boundary of the country includes a 515-coastline from the Gu lf of Guinea. Ivory Coast’s terrain includes lagoons in the southeast, dense forests in the southwest, and savannah areas in the north. The west part of the country is mostly mountainous with wide plains. The country’s climate is warm and transitions from tropical to equatorial. Ivory Coast experiences heavy rains during the months of June to October and dry periods from December to April. The average temperature is at 25 to 30 degrees Celsius with the lowest at 10 degrees Celsius and highest at 40 degrees Celsius (CIA, 2011). As of July 2011, Cote d'Ivoire has an estimated population of 21,504,162 which ranks the country 56th in the world. The population comprises of major ethnic groups; the biggest which is Akan with 42% of the total population. The other ethnic groups from largest to smallest include Gur, Northern Mandes, Krous and Southern Mandes. Each year, the population of the country increases by 2.0 percent with a birth rate of 31 per 1,000 people and death ra te of 10 per 1,000 people. Life expectancy on the average is at 57 years with males reaching 56 years and females reaching 58 years (CIA, 2011). Ivory Coast’s largest city is Abidjan where the seat of government is located. The capital city of Yamoussoukro and the government is divided into 19 regions and 81 departments. Other main cities include Bouake, Daloa, Korhogo, San Pedro and Divo. The country’s official language is French but the use of English has been observed. About 39% of the people are Muslims, 32% are Christians, 12% are indigenous and the rest have no established religion. Ivory Coast is 51% urbanized and the rate on urbanization is at 3.7% change annually. Literacy rate is at 49% where 61% of the men and 38 of women can read and write. In terms of age structure, 57% are aged between 15 to 64 years old, 40% are between 0 to 14 years old and the rest of the population is over 65 years old (CIA, 2011). II. History There have been documents stating there w ere pre-historic human settlements in Ivory Coast. Most of the groups that established communities in the country were tribes that broke away from powerful groups in West Africa. The lush forests have served as barrier preventing foreign tribes from coming in. Hence Ivory Coast has limited foreign influence and has limited awareness as to what is happening outside. During the 18th century, most communities were

Coral Reefs in the Philippines and the trophic levels and organism Research Paper

Coral Reefs in the Philippines and the trophic levels and organism localization and interaction specific to this area - Research Paper Example From the lowest level to the higher level, organisms feed on each other, with the latter being decomposers that break down the tertiary consumers into components used by the producers for their growth (Alex, 2009). This ideally means that at each level, organisms depend on each other for survival. In the primary producers level; photosynthetic organisms that make their own food by synthesizing organic compounds, there are mainly coralline algae, filamentous turf algae, and other species of seaweeds (Alicea, 2006). For primary consumers, mainly zooplankton and invertebrate larvae feed on the primary producers for their food and acquisition of energy. In this level, organisms such as jellyfish form around the coral polyps to interact with the reefs by offering protection from predators in the secondary consumer level (Alex, 2009). In the secondary consumer level mostly plankton consumers such as parrotfish common in the Philippines coral reefs, which interact with algae by the parrotfish feeding on the microalgae (Alicea, 2006). Microalgae usually cover the reefs making them unhealthy by preventing their growth. Others in the same level include Sixbar wrasse of Thalassoma Hardwicke species and Double whiptail of the Pentapodus emeryii species. These feed on small fish that when reduce in numbers, result in an increase of algae, thereby requiring parrotfish to prevent algae from covering the coral reefs hence hindering their growth. The final level is made up of tertiary consumers, majorly carnivores that feed on the secondary consumers. With increased feeding on algae by the parrotfish, algae reduce substantively thereby reducing their population, and hence reduced growth of the coral reef. The parrotfish play a substantive role in the Philippines coral reefs ecosystem, making them irreplaceable. Alicea, E. (2006). Collaborative

The Google Boys Essay Example | Topics and Well Written Essays - 500 words

The Google Boys - Essay Example However, soon the fellows found a common topic of interest, and by January 1996, the 24-year-old Larry and 23-yar-old Sergey had started collaboration on their first search engine called BackRub, which could analyze the â€Å"back links† pointing to a given website. The friends were limited in cash and had to borrow computers for their network. BackRub became popular in the campus. The work on the new technology was continued. Larry and Sergey bought a terabyte of disks at bargain price to build their computer housing. The Google’s first data center was in Larry’s dorm room. Having set up a business office, they started looking for potential partners. However, the new technology was not known and many companies, including Yahoo, refused a wonderful chance to get hold of it for almost no money. So Larry and Sergey decided to promote their engine themselves. All they needed was money. It was Andy Bechtolsheim, one of the founders of Sun Microsystems, and then a friend of a faculty member, who gave his blessing and a check for $100,000 to a new company, Google Inc. Sergey tells that they met Andy very early one morning on the porch at a Stanford faculty member’s home in Palo Alto. â€Å"We gave him a quick demo. He had to run off somewhere, so he said, ‘Instead of us discussing all the details, why dont I just write you a check? It was made out to Google Inc.†. While such a company didn’t exist it was impossible to deposit the check. So for a couple of weeks Sergey, who was, obviously, the business organizer, set up a firm, locating funders among family, friends and acquaintances. As a result, the initial investment made almost $1 million. Google Inc. opened in September 1998, in a friend’s garage in Melno Park, California. The new company had a staff of three, with Craig Silverstein, now Google’s director of

Effective Treatment for Incarcerated Addicts Research Paper

Effective Treatment for Incarcerated Addicts - Research Paper Example In this report we will look into the effective ways to control the addiction the ways to prevent it in future. Today in United States, there are around seven to eight million people who are suffering with the problem of drug or alcohol addictions. The problem is constantly increasing day by day. Several forms of measure are taken to stop them from this addiction. One measure which is popular and considered ethical is the idea of home confinement of the addict. The offenders are allowed to stay with their family under their supervision and control. They are popularly called as ‘incarcerated addicts’. Our topic of discussion is the effective modes of treatment for the incarcerated addicts. The level of supervision accomplished by offenders living in the group relies on upon the supervision obliged or commanded, and the accessibility and utilization of projects in their general vicinity. Some live in shelter and others weigh in day by day at a day reporting focus. Some send in report structures once a month and hear nothing from their overseeing officers if there has been no change of location or vocation. Others are gone to at their spot of work and arbitrarily give pee inspects that are tried to guarantee the offender is remaining drug and alcohol free. An assortment of group amendments programs has been created, on account of innovative developments that give an additional measurement of overseeing and responsibility for offenders living in the group. This paper takes a look at two of these projects: home confinement and drug medication. It tries to answer those inquiries most often raised about the projects, the advances that help them, and the issues that encompass them, so policymakers can gage how best to utilize home confinement and medicine to build open wellbeing and diminish the danger of re-culpable. In this talk the expression "offender" is utilized to portray somebody who may be some time or another in the criminal equity framework: from those accused of an offense and anticipating trial to the individuals who have as of recently been sentenced, and are serving all or some piece of their sentences in the group. Both home confinement and drug and alcohol medication may be a state of pretrial discharge, of probation or a piece of a master gram that permits early discharge from penitentiary.

Advertising through social media is mor affective than traditional Essay

Advertising through social media is mor affective than traditional form of advertising - Essay Example Due to huge competitive market scenario, it is pivotal for every organization to use more effective advertising strategy to influence the mind of viewers. Social media advertising is perfect medium for every organization to make customers fell valued. This essay will discuss about social media advertising which is more effective than traditional advertising. The emergence of social media has provided perfect platform for every individual all over the world to connect with each other via internet. It has become pivotal for every organization to connect with customers efficiently and swiftly (Lovett, 2011, p.18a). The application of social media in regard to advertising or linking with customers cannot be ignored (Lovett, 2011, p.18b). Customers are regarded as the crucial part for every organization to maintain its sustainability for forcible future (Hoverstadt, 2011, p.82). Every business is trying their utmost best to reach out to people with the help of social media and gain attention of new leads, service and feedback. Social media has become inevitable part of every user where they can share their views and opinions. The immense growth of this technology is solely due to the ability of producing contents, which are user-generated. Technology has changed the life of every people. In case of advertising and marketing of products, the utilization of social media has become as beneficiary factor for every organization (Li and Poser, 2008, p.95). The tool of social media is totally different from traditional marketing and advertising. The significant impact of social media sites on human beings is immense. This huge impact of social media sites cannot be replaced by any other form of communication tool (Rantanen, 2005, p.3a). This is basically due to the fact that there is gradual increase in number of user. Every organization wants to gain new clients and

Computer crime and forensic Term Paper Example | Topics and Well Written Essays - 750 words

Computer crime and forensic - Term Paper Example The good that he has done is to open up the activities of NSA, as well as its partner in Britain, who violates the privacy of the two countries citizens through secret government surveillances (Ball, 2013). This can be considered good, since it elicits a dialogue on the suitability and the unsuitability of such activities. For this reason, he should be protected by the whistle blowing agency, for having divulged sensitive, but vital information regarding government agencies. However, Edward Snowden has already caused too much damage on the reputation of the government agencies, as well as placing sensitive and classified information that is only accessible by the security agencies in the public domain, thus making the security of the countries prone to many breaches (The Economic Times, 2013). For such reasons, he may have committed a big blunder, though the result is that, it has opened a public debate on the security agencies breaching of the privacy of private individuals and enti ties. Thus, instead of considering him as a criminal, he should be treated as a hero who worked towards risking his life, for the sake ensuring that the public is aware of the existing violations. Therefore, he should not be incriminated. References Ball, J. (October 25, 2013). Leaked memos reveal GCHQ efforts to keep mass surveillance secret. The Guardian. http://www.theguardian.com/uk-news/2013/oct/25/leaked-memos-gchq-mass-surveillance-secret-snowden Greenberg, A. (September 13, 2013). Intelligence Officials Admit That Edward Snowden's NSA Leaks Call For Reforms. Forbes. http://www.forbes.com/sites/andygreenberg/2013/09/13/intelligence-officials-admit-that-edward-snowdens-leaks-call-for-reforms/ The Economic Times. (Oct 26, 2013). Edward Snowden's leaks most serious in US history: ex-CIA official. http://articles.economictimes.indiatimes.com/2013-10-26/news/43415706_1_intelligence-community-edward-snowden-intelligence-agencies Question 2 Mobile Threats This is a major threat to e very individual and even a threat personally, since it entails the installation of a malware on an individual’s mobile phone by criminals, who are able to manipulate the a malware program to be able to purchase items from the app store, without the permission of the mobile devise owner (McAfee report, 2012). The danger associated with this type of threat is that; it can drain the wallet accounts created by individuals for the purpose of online purchase of items from the app stores, since it can easily be installed on the mobile devices of such individuals, whenever they connect to the purchase sites. Malware This is another threat to the privacy and data accessibility of individuals, through the installation of malfunctioning software that blocks the operating system from being able to access data, thus blocking the accessibility of the data purchased, until the owner of the computer system pays some ransom. This type of software is called the ransomware (McAfee report, 2012) . This threat poses a danger to all of us, as well as to self, since it can be done to anyone’s computer. Big-Scale Attacks This is considered a big threat to all of us, since it is a malicious attack not specifically targeted at financial gain, but for the purposes of causing as much damage as possible to the computer systems. The most worrying aspect is that, the threat targets company systems, which will in turn put the performance

Opression in a Thousand Splendid Suns Essay Example for Free

Opression in a Thousand Splendid Suns Essay Taslima Nasrin once said: â€Å"Those religions that are oppressive to women are also against democracy, human rights, and freedom of expression. † This quote also applies to a book called a thousand splendid suns by Khaled hosseini and Deepa Metha’s Film Water. A thousand splendid suns in a book about two women in Afghanistan with an abusive husband. They struggle for survival and for their human rights that have been overlooked by the Taliban and a patriarchal society. Water is a movie about widows living in India. They are sent to the country side to live with other widows supposedly so they can live pure lives. In actuality they are cast aside and denied the basic respect all humans deserve. Ironically, the only way they can make enough money to survive is by committing acts as impure as it gets. They are forced to turn to prostitution. These two stories show that a cultural society’s refusal to change religious practices causes the oppression of women. The characters Mariam, kalyani, and chuyia demonstrate this. Mariam is a woman living in Afghanistan from the book A Thousand Splendid Suns. Mariam grew up very poor living in a small hut excluded from society. As a child she was taught only to endure and was never given the opportunity to stand up for herself. Mariam was the daughter of a maid that her father Jalil had an affair with and he was very ashamed of this. To solve this â€Å"problem† he got rid of her. Jalil married her off to a much older man named Rasheed. Shortly after the start of their marriage, Rasheed rapes her. He justifies it with the Quran. â€Å"‘It’s what married people do. It’s what the prophet himself and his wives did. There is no shame. ’† (Hosseini, 77). In this quote Rasheed refers to the prophet Muhammad in the Quran. This shows how Rasheed perverted the events Quran, the sacred Islamic text, to justify the rape of a young girl who hadn’t even turned 16. Marrying young girls still in their teens is an old custom that is embedded in Islam and the Afghan culture. Society’s refusal to change this practice caused the ruthless humiliation of a young girl and in the long run made the oppression of all women an accepted practice. Kalyani is a character in the movie Water. She is a widow most likely in her 20s who never met her husband. Her husband died shortly after her marriage and was sent to the ashram as a young girl. Since she is the only young widow in the ashram she is forced to turn to prostitution to bring in extra money so the widows can at least have enough money for 1 meal a day. Her entire life story shows the subjugation of women. She was married at around the age of 10 because of religious traditions that have not changed in hundreds of years. This tradition has given men the power to oppress women. This oppression is shown through the death of the husband. If the husband dies before the wife, the wife is sent away. If the opposite happen the husband is free to remarry as he pleases. This happens because of the religious belief that when a husband dies, half of the woman also dies. This makes it easier to mistreat women because it makes them seem less than human. It is also believed that the death of a husband is punishment for something done in a previous life. Society’s refusal to change theses Hindi beliefs and practices create the oppression of women by making their mistreatment seem justified and by making them seem less than human. Chuyia is a young girl who was married at the age of 8 and was widowed the next day. She doesn’t even remember getting married but is forced to suffer the same fate as Kalyani. She is young and innocent and her innocence causes her to question practices that everyone else simply accepts. Deepa Metha uses this character to point out inconsistencies in the Hindi religion and traditional society. At one point in the story she asks why there isn’t a place for men to go if they are widowed. She is quickly ridiculed by both men and women. This event shows that the refusal to change religious practices has brainwashed both men and women to accept and even endorse the oppression of women. Taslima Nasrin words are clearly tied to the theme of these two stories. She explains in her quote that a religion cannot be providing people basic rights if it discriminates against women. The theme reiterates the same message by declaring that religion can sometimes cause oppression of women. These three characters show how traditions and old religious practices have made the oppression of women possible all over the world. By displaying this message in the authors’ books and movies, the authors hope to encourage all people around the world to not follow blindly old traditions and practices. They want people to decide for themselves what is right and what is wrong. When people fail to do this, bad things start happening such as the oppression, humiliation, and subjugation of women who are actually just as intelligent, strong, and able as any man.

Easter Egg Packaging Research Essay Example for Free

Easter Egg Packaging Research Essay Please select only 1 response for each question by placing an X in the response you feel most comfortable with unless you are told to select more than 1 response. (1) What is your gender? Male Female (2) What age range do you fit in? Age range is measured in years. 0-16 17-21 22-30 31-40 41-50 51-59 60-64 65+ (3) What is your ethnicity? Please choose the ethnic minority group you feel you best fit in and the ethnic minority groups are measured in the Self Defined Ethnicity (SDE) codes. A1 Indian A2 Pakistani A3 Bangladeshi A9 Any other Asian background B1 Caribbean B2 African B9 Any other Black background O1 Chinese O9 Any other ethnic group M1 White and Black Caribbean M2 White and Black African M3 White and Asian M9 Any other mixed background W1 British W2 Irish W9 Any other white background (4) Do you like Easter Eggs? Yes No (5) Do you shop for Easter Eggs? Yes No (6) What is your current occupation? (7) What is your current annual salary? Please state your current annual salary by using the British currency of pounds (i ). (8) How much are you most like to spend on your Easter Eggs? Please use the British currency of pounds (i ) for the spending of Easter eggs. i 0. 01 i 2. 99 i 3. 00 i 4. 99 i 5. 00 i 6. 99 i 7. 00 + (9) Where are you most likely to shop for your Easter Eggs? If necessary, please select more than one option. Tesco Asda Sainsburys Morrisons Netto Iceland Lidl Aldi Somerfield MS John Lewis Waitrose Thorntons WH Smith Other (Please specify below) (10) What Easter egg Company are you most likely to buy? If necessary, please select more than one option. Cadburys Nestle Kraft Masterfoods Lindt Other (Please Specify Below) (11) For your Easter egg, which chocolate do you most prefer? If necessary, please select more than one option. White Chocolate Dark Chocolate Milk Chocolate Other (Please Specify Below) (12) What do you like with your egg in the Easter egg box? If necessary, please select more than one option. Novelties Chocolate Bars Toys Sweets Other (Please Specify Below) (13) For your Easter Egg Box, which theme do you prefer? If necessary, please select more than one option. TV Film Comedy Cartoon Anime Sports Gaming Action Adventure Music Modern Classical Retro Jesus Old Other (Please Specify Below) What do you look for when buying an Easter Egg Box? If necessary, please select more than one option. Blue Pink Red Metallic Primary Colours Other (Please Specify Below) Small Medium Large What shape do you prefer for your Easter egg box? If necessary, please select more than one option. Cube Cuboid Spherical Pyramid Hemi-Spherical Cylinder Cone Other (Please Specify Below)

Factors to Consider Before Merger and Acquisition

Factors to Consider Before Merger and Acquisition CHAPTER 1 Introduction 1.1. Background to the research According to the Chambers 20th Century dictionary the research could be defined as a â€Å"Systematic investigation towards increasing the sum of knowledge†. It was also stated as â€Å"An endeavor to discover new or collate old facts by the scientific study of a subject or by a course of critical investigation† in the Concise Oxford Dictionary. (The Concise Oxford Dictionary) Research can also be defined as the process which helps to find something new or it helps in clarifying certain doubts about the research that was being done already. This research looks in to the factors that encourage business organization all over the world to engage in the process of mergers and acquisitions (MA). It also examines the factors and incentives on the basis of which the MA have been a continuous popular strategy for the firms for expanding their businesses. Why and what type of firms will engage in this process. This research also helps the firms to understand the benefits that they can get from the MA process. There are various other growth and diversification strategies like franchising, licensing and Joint ventures which are popular amongst the business organizations. This research also discussed the challenges that firms face while engaging in the process of MA. MA is not an easy process because it is difficult for the organizations that are previously competing with each other to join and work together as one new entity. Organizations have different culture; they are using different management practices. It is very difficult for the employees to adjust to the new culture of the organization. In this research it is also going to be found out that what benefits that a firm can get after a successful MA process. Mergers and acquisitions is an issue of great academic interest. There are studies about this issue in the field of industrial economic and strategic management as well as on organizational theories. Especially in the current economic situation, where companies are facing liquidity problems and facing tough competitions from their rivals, MA is an important survival strategy as well for the organizations. With the globalization and the world is being a global village, the need for companies to join together and to cater the needs of the customers have to work together. The phenomenon of MA is equally popular amongst the firms with same kind of business as well as for the organization in different business. The firm that is discussed as a case study in this research is a big pharmaceutical company of the world. After the merger the company became the biggest pharmaceutical company of the world. In year 1998 the volume of business through the MA process was 2.4 trillion. This increases every year with more and more companies are entering the process of MA. In this research the case study GlaxoSmithKline (GSK) was discussed. It is going to be evaluated in this research that how the organization benefitted from the merger and acquisition process and whether it was a successful merger or not. In this research the definitions of MA given by different authors and the types of mergers were also discussed. The motive that attracted the organization to involve in the process of mergers and acquisition and the benefits that they got from this process was also discussed. MA is a complex process that involves two different companies, having their separate identity, so the problem arises in the integration process after the MA. In order to measure the performance of GSK the financial statements are analyzed. 1.2. Significance of the Study This research will help in finding out the factors that encourages companies to engage in the process of mergers and acquisition (MA). What are the factors that firms have to consider while starting the process of mergers and acquisitions? It is also going to be find out in the research that why companies are using MA as business expansion strategy for the growth of their business both in the International as well as local markets. This research will help in better understanding of the issues that are involved in the process of MA. The firms have to look at the human resource aspect of the mergers and acquisitions instead of just considering the financial and business aspect. Apart from the factors and parties involved in the process of mergers and acquisitions it is also going to be find out that what are the factors that have to be managed in the process, otherwise they will result in the failures of the whole process of MA. This study will also help the companies who are planning to engage in the process of MA about the relationship between the parties involved in this whole process. Globalization has made it easy for the firms to interact with each other, share their experiences about the markets, made strategic alliances to expand their businesses. This study will help in understanding the fat that how firms are using the mergers and acquisition as international business expansion strategy. It is also going to be find out in this study that why companies adopt the MA to expand their businesses in the international as well as national market when they have other business expansion strategies available to them like Strategic Alliances and joint ventures. 1.3. Statement of Purpose The purpose of this study was to find out that what were the factors that encouraged firms to engage in the process of mergers and acquisition? This research was going to evaluate the different business growth and expansion strategies that firm are using in order to expand their businesses. As GSK was taken as case study for discussing the mergers and acquisition as a business growth strategy, it was also going to be discusses that why GSK selected MA as a growth strategy to expand their business. This research also looked into the factors that encouraged firms in general and GSK in particular to involved in MA process. It was also going to evaluated that what were the positive points, that GSK would get after their merger and what were the challenges that GSK faced in the during merger and pre merger phase . In order to evaluate the performance of the GSK in this research the financial statement of the GSK was evaluated so as to saw the performance of the company in the post merger stage. This research looked at the annual turnover of the GSK after their merger so as to see that how much growth company had after the merger. In this report the earning per share (EPS) of the GSK was discussed and compared over few years in order to get the feel of that how well the company was working and how much benefit, the shareholders of the company had of their MA. The purpose of doing this research to help the students, researchers and companies to understand that how they can merger and acquisition effectively in order to expand their businesses. This research is really helpful full for the companies who are interested in doing mergers as they come to know through this research that what are the benefits they can get after the MA process. They will also come to know through this research that what will be the challenges that they will have to face if they want to be a part of mergers and acquisition process. This research will provide will help the firms who are interested in the process of mergers and acquisition to understand that how they will face with the problem of cultural differences if they are going for mergers with organizations from others cultures. They will also come to know that how important is the proper integration of cultures and integration of different department of the organization in the successful process of MA. 1.4. Aims and objectives This research will help the companies who are planning to engage in the process of mergers and acquisitions. They come to know through this research that what factors they have to take into consideration while going for mergers and acquisitions. What are the benefits and what are the negatives of MA. Who are the parties that are involved in merger and acquisition? The research has several aims regarding mergers and acquisitions of companies, especially Glaxo and SmithKilne. Merger and Acquisitions are never easy as many companies fail in their initial steps but some of them succeeding as well although number of failure is high. They fail because they could not recognize the actual factors on which they are doing mergers and acquisition. There are several factors upon which merger and acquisition takes place like HR, lack of capital, IT, lack of expertise, need for globalization and it is not necessary that companies do merger and acquisition on all factors but it depends on companies strategies and requirements as well. But in todays dynamic environment companies do merger and acquisition for increase their efficiency and effectiveness; companies have increasingly used mergers and acquisitions to change the scope and/or competitive environment of their business. Other factors which are useful in successful mergers and acquisitions are communication, corporate culture and change for surviving. In this project the researcher will discuss the factors that have impact on before, during and after merger and acquisition. Researcher will also look into the financial statement of the GSK for the last three years to determine that whether the company grows in its market price per share and price earnings ratio. That is the main indicators that determine the performance of the company. 1.5. Research Questions What factors encourages firms to adopt mergers and acquisitions as an international business strategy? What are the other international business expansion strategies available to firm? What benefits are likely to be gained by the firm, under the international business expansion strategy in mergers and acquisitions? What factors encouraged GSK to engage in merger and acquisitions? What are the benefits of MA? What are the challenges faced by the firm while engaging in the process of mergers and acquisitions? What strategies could be implemented to enhance the international business operations? CHAPTER 2 Literature Review 2.1 Business Expansion and Growth Strategies Businesses can expand or grows by number of ways. Whatever type of choice there may be, the business owners are on the hot seat because they have to make judgments, they should consider the best available choice that are in line with their main objective of expanding or growing business. In order to provide an initial understanding of the basic business growth and expansion strategies, some of them are discussed here. Directly exporting, Indirectly exporting with the help of middle man, producing product in the target company, Franchising and joint ventures, strategic alliances are some of the methods that companies all over the business world are using to expands all over the world. Apart from methods mentioned above, Mergers and acquisitions are the method that big multinational companies in all business sectors are using to expand their businesses internationally as well as in domestic market. Firms are using MA as an expansion growth strategy in order to cut down their cost of unnecessary advertisement and other marketing programmes that they are using in order to capture new markets with the help of MA. Companies diversifies their businesses so that they can enter new markets. 2.1.1 Business expansion through Geographical expansion It is the first and foremost aim of every business to grow in term of capturing new markets as well as in the financial terms. It is easy with the help of MA process, two companies that were previously competing with each other and spending a lot of their financial resources on un necessary marketing their products, can join their hands with MA process to capture new geographical markets. GSK after their mergers captures big market of Europe, Asia, USA and Japan. In most of the world GSK, after their merger became the biggest pharmaceutical company of the world. It is important to know that what are the methods, modern small, medium and large businesses are using in order to expand their businesses internationally. Some of the methods that organizations are using to expand internationally and in the local markets are as follows; 2.1.2 Ansoffs Growth Matrix (Product Market Mix) In order to understand the growth strategies, one of the common business strategy frame work is called as Ansoffs Growth Matrix. This matrix is developed by H. Igor Ansoff, a strategic management guru. This matrix helped organization in establishing a direction for the growth. In this growth matrix product and market are taken against vertical and horizontal axis. It helped organizations to understand the factor that how they grow their business. They can either enter the existing market with new product or they can enter the new market. (Campbell and Craig 2005) 2.1.3 Market Penetration In this kind of growth strategy the firm actually wants to sell more of its product in to the existing market. The firms want to grow their business by capturing more market share, for that firm allocates more of its resources to product development. This is less risky because the firm already knows the market. (Campbell and Craig 2005) 2.1.4 Market Development In this strategy the firm tries to enter the new market with the existing products. This happens when the firm wants to sell their existing product to new geographical markets in order to capture them. In this strategy firm has to invest highly on the marketing and sales department, in order to pursued customers to purchase their product. (Campbell and Craig 2005) 2.1.5 Product Development This strategy necessitates on the development of new product for the existing markets. In this strategy the organization had to invest highly on the research and development. Firms have to come up with new products that are in accordance with the current trends and needs/tastes of the customer. (Campbell and Craig 2005) 2.1.6 Diversification Diversification is the highly risky strategy. In this strategy firms want to sell entire new product in the entire new market for entire new customers. Diversification is of two types, related diversification and unrelated diversification. Related diversification is the one in which firms stick to the business in which it already are working. Unrelated diversification refers to the strategy where firm enters in to the entirely new business. (Campbell and Craig 2005) 2.1.7 Franchising Franchising is a business growth model in which the franchisor not only sells the its trademarks to the franchisee but despite of that he provides the franchisee with the whole business model that includes, accounting system, processes, training and technical and marketing support as well. This kind of business expansion model is very common in retail, food business, as well as in the service sector. As GSK is a big multinational company that is involved in the pharmaceutical industry so, business expansion models like Franchising are not suitable for them. 2.1.8 Licensing Licensing is another form of business expansion strategy that is very similar to the franchising. It worked the same way as franchising but in licensing licensor only allow licensee to use their intangible assets and in return gets royalty fees on monthly or annual basis. Intangible assets include patents, formulas, designs, copyrights and other intangible assets. This type of strategy was also not feasible for big company like GSK. 2.1.9 Strategic Alliances Strategic alliances are a kind of business expansion strategy in which two potential or actual competitors enters into a cooperative agreement. This is usually used by the companies, that are interested in entering the markets with less risks and they want to divide their initial fixed cost for starting a business. There are few other methods apart from the ones that are discussed above. Some companies used to expand their businesses by exporting, some like to go for joint ventures. 2.1.10. Mergers and Acquisitions Mergers and acquisition is the method that is used by the firms all over the world in order to expand their businesses. According to a research, the total volume of mergers and acquisition business in year 1998 was 2.4 trillion. Mergers and acquisition is the kind of business expansion strategy that was used by GSK. Glaxo Wellcome and SmithKline Beecham were the companies that are in the same business of pharmaceutical and healthcare products. GSK selects mergers and acquisition because it is easy for the manufacturing companies in the same trade and having almost same culture. A major factor in the mergers of the two firms was the suitability of the process for both the organization. After the MA of the two organizations they became the largest pharmaceutical company of the world. 2.2 Mergers and Acquisitions (MA) Merger and Acquisition have been discussed by the Strategists and been at the centre of management research as a quick and efficient way to expand their business and to get into new unknown markets, to create competitive advantage, to have spread risk and dominate existing market as well. 2.2 Definitions of Mergers and Acquisition Merger and acquisition is usually defined as a coming together of two companies however although people thought merger and acquisition to have same meaning but technically its different. An acquisition can be defined as the process of taking over of another, firm in which firms develops its own current situation by acquiring other firms resources and competencies (Johnson and Scholes 1999). Acquisition could also be defined by (Bowman and Asch 1996) as a process in which a firm acquired the shares and assets of other companies, liabilities and as well as its trading activities. Business all our the world are learning the fact that they have to find strategic partner, if they expect to be successful in todays globalized business world even big huge multinational companies are looking for companies in national as well as international markets with whom they can make strategic alliances. In order to operate in another country a firm has to get license for its product; get raw material or other stuff from local suppliers to meet the requirement of â€Å"local or domestic content† and so on. In order to overcome and avoid those difficulties firm develop global strategic alliances and strategic networks (Coffey, Cook and Hunsaker, 1994). Companies, Firms are always looking for partners with whom they can balance their strengths and counterbalance their weaknesses. This thing helps companies to achieve greater sales and economies of scale (Coffey, Cook and Hunsaker, 1994). Concept of merger and acquisition is not, new in Europe. This concept is reforming the financial landscape of the global business world from the last three decades and the most number of businesses grouped together in USA. It was shown from the data available that in 1998 more than $1 Trillion were spent on the activities of MA. Banking industry occupied the major part in the activity (Hitt et al, 1998). Acquisition is usually seen as a part of the growth of particular firm but some also believes that it was also often used by firms to save their dyeing and diminishing industries. Business growth could either be external or internal. Internal growth was in the form of investment in new or second hand plant or machinery or acquiring an existing going concern organization i.e. the example of external growth. A firm would choose amongst the internal and external growth according to its own requirements by thoroughly studying it as which one was more profitable. An acquisition is a bilateral agreement where the owner accepted the cash and securities or the mixture of both of these in returns of the shares in existing company. (Chiplin and Wright, 1988). Chiplin and Wright (1988) stated that, merger could also be defined as a process in which two companies decided to come together to shape a new legal body. Sian Herbert Jones (1982) defined merger â€Å"as a marriage between two companies of roughly of the same size†. The bigger company in the process usually controlled the assets of the new entity. The shareholders of the companies will have to exchange their shares with the newly created companies. A merger can also be defined as a process in which one firm amalgamate with another firm and disappeared in the new company. All mergers were accepted by the governments as they were in accordance with the laws of the states where they actually happened as well as they were also on the official scale. (Reed S. etal 2007). The number of mergers in 1980s has far exceeds the number of mergers in 1960s. Usually in 1960sthe mergers took place between companies of same sizes and in most of cases doing the same business. But in 1980s and 1990s the trends have with eased the MA of companies of different size of business and of dissimilar type of business (Tetenbaum 1999). The tendency of the organization to present in the mergers of vertical nature and the diversification type does not seem to be stop in future. Yet firm that starts merger usually attained small economic profits but value created by MA and that benefitted mostly to the small firm that was reached (Barney 1997). Lubatkin (1983) defined the main reason of acquiring and merger a novel firm to get better overall performance by attaining the synergy effect which is also normally described as â€Å"2+2=5†effect (Cartwright and Cooper, 1993, Hover 1971) between two organizations and that at the end helps them in gaining competitive advantage (Porter, 1985, Weber 1996). (British Institute of Management, 1986, Hunk 1988, Marks 1988, Weber 1996) stated that the successful rate for the firms in the process of MA were around 20 to 60 percent. 2.2.1 Different Types of Mergers and Acquisitions Mergers and acquisitions can take various forms. It depends upon the firm, a firm may choose to invest its recourses away from its current firm but within same type of business or it can decide to move to a complete new industry and invest in the area that is entirely new to it. There are following types of mergers and acquisition (MA). Different authors defined them as 2.2.2 Horizontal Mergers Horizontal merger can be defined as merger between companies that produce identical or closely related products. It can also be defined as a combination of two or more competitor working within the same geographic locality. The merger of Carlton and Granada television on UK as both are television companies to form ITV plc was a horizontal merger same as the example of Daimler and Chrysler link up. Other examples of horizontal merger in Europe in airline industry is the Lufthansa-Swiss International Linkup, Air France-KLM merger and the takeover of Buzz by Ryan air are the examples of horizontal merger in recent past.(Smart and Megginson 2008) 2.2.3 Vertical Mergers Merger in which companies with current or potential buyer relationship combines to create a more integration company, that type of merger can is called as vertical merger (Scott, Megginson, 2008). Vertical merger can be of Forward Integration or Backward Integration. Vertical merger can also be used as a marketing tool like Ford has acquired a financial subsidiary that has make it easy for their customer to obtain finance to purchase their products (Ford Motor Credit). 2.2.4 Conglomerate Mergers Conglomerate Mergers can be defined are of two types. One is called as product extension merger in which firms with similar but exact line of business joins. On the other hand a pure conglomerate merger occurs between companies involved in completely different line of businesses. Pure conglomerate merger is also called as classic conglomerate mergers. Pure conglomerate mergers were very popular in 1960s but it started to decline from 1980s onwards. In year 1984 the merger of car maker General Motors and that of computer consulting firm (EDS) Electronic Data System is a prime example of pure conglomerate mergers. 2.2.5 Concentric Mergers In the concentric mergers the companies might not moved to the different kind of business as they does in conglomerate merger. In this firm expands its activities at the same time measuring of unity of existing activities. This can be done by acquiring technologies that can help the firm in marketing customer type (concentric marketing) or it can also be done by acquiring customers for existing technologies (concentric technology) Jones 1982. The merger of Glaxo Wellcome and SmithKlineBeecham was a concentric merger as both companies were in the business of pharmaceutical and health care products and their merger at that time created the biggest pharmaceutical company in the world. 2.2.6 Strategic Merger All merger are in some aspects are strategic mergers because they starts with having a particular strategy in mind. It can be define by authors and strategist to create an efficient merged company than that of its remerged companies. As it was explained in the definition of strategic merger that all mergers are strategic mergers, similarly the merger GSK was a pure strategic merger because they management of GSK was aware of the fact that they was going to be the biggest pharmaceutical company in the world after that MA process and they were able to reduce their cost of producing new medicines and formulas by economies of scale after merger. They were also expecting to capture the world market by geographically expanding their business. 2.2.7 Non value maximizing Motives and different theories of Mergers The basic motive of merger should be of maximizing shareholders wealth but unfortunately not all mergers are motivated towards the maximization of shareholders wealth. Different authors have given different theories related to non value maximizing motives. According to this theory poorly monitored managers will pursue mergers that will not create value maximization for the shareholder but they are of the view that this will increase the asset value of the company. They think that remuneration is linked with the size of the company, so in order to pursue their motive they initiate and do mergers. Michael Jensen (1986) hypothesizes that the mergers will use free cash flow to the process of merger that will have a negative NPV in order to expand the assets of the firm. So that they will derive greater remuneration from the firm because they are of the view that larger the firm larger will be their remuneration and they can also get personal benefits from the organization. Shleifer and Vishny (1989) purposed that the unmonitored managers try to pursue the projects that have negative NPV so as to increase the size of the firm in order to make them indispensible to the organization because they have the team that has expertise in managing the large organizations. 2.2.8 Hubris hypothesis of corporate takeover Richard Roll (1986) contends that some managers overestimates their qualities and pursue takeovers because they are of the belief that they have capabilities that can manage their takeover targets better than the people who are already managing that. 2.3 Value Maximization and Realistic Benefits of Mergers Numbers of theories are discussed regarding the benefits of MA. Some of theories and the important benefits that firms think that they are getting from MA are as follows. 2.3.1 Synergy Donald (2008) describes synergy as a simple phenomena that suggested that joining together of two companies can helped the organization in creating more share holders value than they have created while working separately. Synergy can be of two types. 2.3.2 Operating Synergy: (Economies of Scale and Scope) Economies of scale and economies of scope were both considered as the part of operating synergy that any organization had after mergers. Studies revealed that both these studies are important determinants in the creation of shareholders wealth (Houston, James and Ryangaert 2001). 2.3.3 Economies of Scale It can be defined as the spreading of the fixed expenses that any firm had over the manufacturing level. The expenses that were considered as scale in this case were the fixed cost in the form of rent, maintenance cost of machinery, depreciation of building, lease payments, interest expenses, and property taxes. that you have to pay, no matter how much production you have. So here the cost is decreased with every unit produced e.g. if fixed cost for producing one unit id  £2 and the firm is producing 1000 units per month. The cost decreased to  £1, half as it was in previous month, if the firm starts producing 2000 units per month in a month and so on (Donald 2008). 2.3.4 Economies of Scope This synergy is refers as by using specialized set of skills or assets that are already there for production related services and products. Like Honda already has infrastructure to produce engines, so they are using those infrastructure to produce items like lawn mowers, snow blowers apart from making engines for cars (Donald 2008). 2.3.5 Financial Synergy (Lowering cost of Capital) The financial synergies helps the organizations in the way that they can either creates higher cash flows or it can low the cost of the capital. Synergy is a stated motive in almost all the mergers and acquisition. Bide (1993) examined the motives of 77 mergers and acquisition in 1985 and 1986 and he stated that in one third of the takeovers synergy is the primary motive. 2.3.6 Diversification Diversification can be refers to the act of a company to buy a firm that was currently out of its previous main business. There were normally two reasons that encouraged firm to go for diversification. The first the acquiring company wants to take advantage of financial synergy that can help them in reducing their costs second being that with the help of diversification firms wants to enter the new product line or new product so as to spread its operation. If a firm is having slower growth rate it can increase its market share as well as increase and expands its market. Investor often perceived companies in unrelated business areas as riskier because it is difficult for top management and they are sometime reluctant and did not have enough financial resources to finance the golden opportunities available to them. (Morck, Shleifer and Vishny 1990). 2.3.7 Strategic Realignment The strategic realignment theory that firms engaged in the process of mergers and acquisitions because they think that this is the easiest way of getting used to of the external environments. Changes came from various sources but the change that is related to the regulatory environment and technological innovation is considered as the most. 2.3.8 Regulatory Changes In recent years companies, where deregulation occurred are seen to have more MA activities. This includes financial industry, healthcare, defense utilities, media telecommunication. There is proof which shows that the takeover activity is more in deregulated industries than that of regulated industry (Jensen 1993, Mitchell and Mulherin 1996, Mulherin and Brooke 2000). Deregulation helps in breaking down of the artificial barriers that exists in these companies. This can be evident by the facts that in now days ba

Suicide among college students Essay -- essays research papers fc

  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   SUICIDE AMONG COLLEGE STUDENTS Suicide has become a critical, national problem and the extent of this is mind-boggling. Suicides have been proven to be one of the leading causes of death among college students. According to Webters dictionary â€Å"suicide is the act killing oneself on purpose†. It derived from the Latin sui, meaning â€Å"self†, and caedere, which means â€Å"to kill†. But this is just a definition, because an actual suicide holds different meanings to people such as tragic, shocking, a relief, a cry for help, a shame, heroic, the right choice, punishment, revenge, protest, anger, a mistake, desperate, hurtful and many more. But why do people, like college students who have their entire future ahead of them, simply give up hope and turn their heads away from life and commit suicide. There are several causes of suicide, recent incidents of suicide on college campuses, warning signs from a suicidal. I blame the Constitution and the United States law for not taking any hard init iative on the subject of suicide. I also impose the choice of the media, which is reflecting and portraying suicide towards a wrong direction. However most important questions remain: can the growing epidemic of suicide be solved, what are communities doing about it and what can they do to help? The first and outmost question that comes in my mind is why do college students commit suicide? Why would the quiet, shy chemistry major student sitting next to you in the library jump from his 14th floor dorm? Why would a talented athlete on the basketball team use a gun to kill herself? The causes for committing suicide can range from depression, family and relationship problems, expectations, pressure to succeed and academic failure, financial stableness, not reaching the goal that is desired and many more. According to the National Association for Suicide Prevention everyone has different reasons for being depressed and the extent of that depression will also vary from person to person. Some common causes of depression that have been found to lead to college suicide are not feeling loved or understood, the feeling of rejection, trouble with friends and family, or the feeling of being â€Å"no good†, and not reaching the academic standards (42). Kay Jamison, a professor of psychiatry at Johns Hopkins University said in the Universi... ... suicide help phone line and on campus psychologists. But just to be more cautious, all the students in college should know more about the growing and serious epidemic of suicide. Students should put up flyers informing them on the subject of suicide and like any other societies they should have fundraisers to raise money in creating suicide help line and psychiatric offices for college students off campus. Be aware of their environment and inform any sign of suicide among their peers so that they can immediately get help before it gets too late. It depends on individual, some college students manage to survive and even flourish under the most difficult circumstances, while others flounder under the same conditions. Works Cited: Steven, Swanson. â€Å"Tribune National Correspondent†. Chicago Tribune Oct. 2004: 8.   Ã‚  Ã‚  Ã‚  Ã‚   Colt, George Howe. The Enigma of Suicide. New York: Touchstome/Simon & Schuster,1993. Portner, Jessica. One in Thirteen. Maine: Robins Lane Press, 2001. Franz, Kafka. â€Å"The Metamorphosis.† The Idea of the Human. Trans. Willa and Edwin   Ã‚  Ã‚  Ã‚  Ã‚  Muir. Minerva Press, 1992. 402-447.

Llandudno Urban Study :: Papers

Llandudno Urban Study Introduction Aim: 1. To study the land use pattern of Llandudno 2. To establish Llandudno's sphere of influence 3. To see the size of the CBD in Llandudno 4. To study Llandudno as a retail and tourism centre Hypotheses The hypotheses that I am going to use in this project are the following: 1. Llandudno has sphere of influence and this serves the hole of Conwy County; 2. The CBD can be found by the number of pedestrians; 3. Mostyn Champneys' retail park will have an impact on the shoppers and the CBD; 4. The main land use on Mostyn Street is shops Background information Until 1843 Llandudno was just a small fishing village at the foot of the Great Orme. A man called M.E.Mostyn M.P realised that an opportunity was available to turn Llandudno into seaside resort. This area had everything he needed for example low rainfall, high sunshine and ancient buildings. In 1843 he bought 955 acres Llandudno and about half of it was on the sea front. He became the owner and development controller for most of the towns. In 1854 there were 21 commissioners which set strict rules on what people can and cannot built. Saps, hydros and hotels were built on the land. In 1891 Llandudno boomed as tourist resort after the railway along the N.Wales coast was completed. This made the town to attract people from Liverpool, Manchester and the North Wales. In the first half of the 20th century the development of Llandudno continued quickly as people's spending money and leisure time increased. The number of shops and houses increased because of this. But the cheap package tours to Spain started in the 1960's meant holidays for the masses were spent abroad and as a result Llandudno decline as a resort. In the late 1970's as the response to the decline the council and business owners combined forces to try to entice people back.

Olenka In The Darling Essay -- essays research papers

Olenka was quite a darling. She was quiet, and always had an imaginative smile. Unfortunately, she had a personality defect. Her problem was the fact that she didn’t have a personality of her own; it was always that of her lovers.   Ã‚  Ã‚  Ã‚  Ã‚  In the beginning of the story she was married to Kukin. When she was with Kukin, he complained about the rain on his garden. He said, “Almost every evening it rains. It is simply awful! The public doesn’t come, but I have to pay the rent just the same, '; (172). This foreshadows what is going to happen to Olenka when Kukin dies. She worked hard at taking on his beliefs and opinions, and mastering his way of thinking. She acted as a mirror of her husband and it was her only way of life. Then when he died, her mirror was broken. This left her not knowing what to do cause she had no personality anymore because it died.   Ã‚  Ã‚  Ã‚  Ã‚  After Kukin’s death, Olenka did nothing else but cry and dwell on the fact that she had no one to love. As she mourned, she said, “ my precious, my darling! Why did I ever know you and love you! You poor heart-broken Olenka is all alone without you,';(174). Then Pustovalov came along, the timber merchant, and she once again fell in love. This changed her life from the theater into a new life of business. Her husbands ideas were hers. If he thought the room was too hot, she thought the same.   Ã‚  Ã‚  Ã‚  Ã‚  At one...

How trade restrictions affect international trade Essay

How do international sanctions, tariffs, quotas, and trade restrictions affect international trade and costs of production?International sanctions are set in place typically to protect countries involved in trade. There are many types of sanctions that have been in place for quite a while but the most common sanctions are used to stop terrorism, which is extremely important to even more so since September 11, 2001. Sanctions regarding trade restrictions on weapons, ammunition, and other materials used to make weapons or explosives are common among countries. When it comes to tariffs, it is a tax on imports imposed by the government to raise funds. There are also many types of tariffs, which are used by nearly every government in the world to exploit more money revenue for that government. In many cases a tariff is in place to protect an industry in that country. A Quota is a way to describe the checks and balance system for which a government or business determines its supply and demand quantity. Different international sanctions, tariffs, quotas, and trade restrictions all can hamper international trade and may also increases the cost of production. How do tariffs and sanctions on the import of auto engines into the U.S. affect production and costs at Acme?Tariffs and sanctions ultimately would hinder Acme Motors on the import of auto engines and parts because the price of the production pieces would rise noticeably. At this current time United States benefits extremely from the North American Free Trade Agreement (NAFTA), since the U.S. does not impose tariffs and hampering sanctions on trades with Canada and Mexico. As explained in the first paragraph, that if tariffs were implemented the prices of these products would greatly increase because of the government take on this revenue which would lead to higher prices the consumers would end up paying. So far it has shown to be beneficial for the United States and Acme Motors having the lack of sanctions and tariffs. Do you agree with trade restrictions? When do you think they are successful?My personal thoughts are that trade restrictions are very important and that I do agree with these restrictions. While third world countries do not benefit from these restrictions it is still used to limit terrorist trade capabilities, maintains economies that are already  established, and controls the flow of productions that look to monopolize one or many different forms of business. The United States is heading into a recession or may already be knee deep into one but if the U.S. did not impose trade restrictions on certain countries the very foundation in which this country was established would be swept right out from underneath our feet. Reference: Sawyer, W.C., & Sprinkle, R.L. (2003). International Economics, Second Edition. 2003 by Pearson Education, Inc., Upper Saddle River, New Jersey. Taylor, S. (2007, Feb 07). International Sanctions, Tariffs, Quotas, and Trade Restrictions. Retrieved on December 7, 2008, from http://www.associatedcontent.com/article/132626/international_sanctions_tariffs_quotas.html?cat=3

Industrial Effluents in the Water Pollution Essay

Water pollution is caused by emission of domestic or urban sewage, agricultural waste, pollutants and industrial effluents into water bodies. Nowadays, its main source is the waste material discharged by industrial units. Waste materials like acids, alkalies, toxic metals, oil, grease, dyes, pesticides and even radioactive materials are poured into the water bodies by many industrial units. Some other important pollutants include polychlorinated biphenyl (PCB) compounds, lubricants and hot water discharged by power plants. The pollutants unloaded into the water bodies usually dissolve or remain suspended in water. Sometimes, they also accumulate on the bottom of the water bodies. Another important pollutant, that can endanger marine life, is the oil spilled by oil tanks. As per the estimates of the United Nations, 1. 3 million barrels of oils are spilled annually into the Persian Gulf, and about 285 million gallons are spilled into the oceans every year. In the United States, the industries contribute to more than half of the total water pollution. The industrial effluents contain pollutants like asbestos, phosphates, mercury, lead, nitrates, sulfur, sulfuric acid, oil and many other poisonous materials. In many countries, industrial water is not treated adequately before discharging it into rivers or lakes. This is particularly true in the case of small-scale industries that do not have sufficient capital to invest in pollution control equipment. In many instances, the researches and studies carried out to determine the toxicity of these pollutants are focused on the individual effect of the toxic elements. Therefore, sometimes these researches lead to an underestimation of the total toxicity of these harmful materials. Besides, their toxicity is assessed with the help of tests carried out on bacteria, which also fails to take into account the accurate toxic effects on other organisms. These harmful pollutants are a major contributor to many grave diseases such as diarrhea, cholera, hepatitis, dysentery and salmonellosis. Besides, many of the pollutants are also carcinogenic i. e. they can cause cancer. Some pollutants like sodium can cause cardiovascular diseases, while mercury and lead cause nervous disorders. DDT is another toxic material which can cause chromosomal changes. Excess fluoride in water may damage the spinal cord, while arsenic can cause significant damage to the liver and the nervous system. In addition to all these, organic compounds present in the polluted water facilitate the growth of algae and other weeds, which in turn use more oxygen dissolved in the water. This reduces the amount of oxygen dissolved in the water and the consequent shortage of oxygen for other aquatic life. In recent times, to control the menace of water pollution, various legislations have been introduced by different countries. The legislations undertaken by the United States include Federal Water Pollution Control Act (1972), the Marine Protection, Research, and Sanctuaries Act (1972) and the Safe Drinking Water Act (1974). Besides, Federal Insecticide, Fungicide, and Rodenticide Act was also amended in 1988. For the success of these legislations, cooperation of the citizens and industrial units is an important prerequisite. In addition to the enforcement and proper use of these rules and regulations, availability of efficient and cheaper pollution control techniques is also required to tackle the threat posed by water pollution.

Danger of a Single Story Essay

In her inspirational speech on the TED television series, Chimamanda Adichie argues that single stories of specific races or regions often create misconceptions of their true natures. Adichie, born and raised in colonial Nigeria, uses previous life experiences to support her claims regarding false stereotypes, most evidently during her childhood and her first visit to the USA. Living under a colonial environment, Adichie was constantly being exposed to foreign ways of life; she had a decent education, read children books about men drinking ginger beer, and was taught to be thankful for the opportunities she was gifted. However, not until later in her life did Adichie realize that these influences were incomplete and untrue representations of Western life. This helps to demonstrate â€Å"how impressionable and vulnerable we are in the face of a story, particularly as children,† and how we can not truly know the truth until it has been concretely revealed to us. Furthermore, when Adieche moved into her college dorm with a white roommate, she was automatically pitied. Her roommate’s â€Å"single story of [Africa was] catastrophe,† and not until they interacted further did it occur to her that she was no different from anyone else. These are just two examples of common stereotypes; innumerable others exist around the world, one of which is that of Muslims, the prominent occupation of the Arab region. Unfortunately, there are groups who claim to be ‘Muslims’ that commit despicable acts globally, such as the plane attacks of 9/11, the Boston Marathon bombings earlier this year, and the perpetuate persecution of refugees in Central Asia (Afghanistan, Uzbekistan, etc. ), that set a bad image upon Islam. Nevertheless, the media disregards the majority of the positive stories of the Arab region, therefore exclusively establishing Muslims as terrorists inspired by spite and ill-will. The single story of Muslims, as is the stereotype of Africans and Westerners, creates a false and incomplete depiction of their authentic essences.

Opression of African Americans Essay

In the documentary Ethnic Notions directed by Marlon Riggs, illustrates the oppression African Americans have faced during the time of slavery up until the present day. The same forms of oppression blacks faced during slavery is the same type of oppression they faced today, decades after slavery was abolished. These forms of oppression still seen today are evidence that America has not made very little progress in eliminating the inequalities among the white and black Americans. The documentary uses different caricatures to portray African Americans in the wrong light. These characters were suppose to show the way black people looked, and behaved even though none of these characters actually depicted the way black people truly looked or acted. Even though the video focused manly on the way African Americans are perceived by society, it focused on an even bigger issue; the main point of the documentary was to provide evidence that African Americans were better off left in captivity during the times of slavery. Riggs begins the documentary by displaying the images of black caricatures that was introduced during the slavery time period, and explaining how those same caricatures have been seen around the world. Even today those same black caricatures can be seen in people homes, including in the homes of many African Americans. The people portrayed in these characters are all extremely dark with large lips, and very unappealing. Those cartoon caricatures do not in any shape or form bear a resemblance to what black people actually look like. All African Americans do not look exactly the same, but none of them are truly as dark as the caricatures and their lips are not as large and abnormally shaped as seen on the caricatures. Even though black people do not look like these cartoon characters, people still see those old images as a representation of all black people, as if they can not possibly see them looking any different, as if they were meant to look like anything else. The same concept of characterizing a single group of individuals can be observed in the video The Danger of a Single Story. In this video story teller Chimamanda Adichie discusses her experiences as a writer, who only wrote about British and white American people because that was all she knew. She was unaware of people that looked like existed her because she only ever read books about white people so that was all she knew. Then when she moved to America, she experienced the danger of a single story; before anyone got to know they already felt sorry for her and had expected her to act in a certain way. However they were surprised to learn that her life was nothing like the single story they heard about her and all other Africans. Unlike what they expected, Adichie did not live in poverty and she could read and write, and speak English. After arriving in America, Adichie began to really understand the meaning of the dangers of a single story. Instead of her getting angry, she was able to understand why they thought the way they did because just like them she too had developed a single story about a group of people. She understood that if people are only seeing the same images of a group of people over and over again, whether it’s through the media or my word of mouth that eventually that group of people will become what the media writes about them. After showing the images of black people, Riggs further explains the different roles of each of the caricatures. Some of these caricatures and images were during the time of slavery, while others were during the period when slavery had ended. The Mammy caricature was a mother who served the white people. She was portrayed as a fat, unattractive woman who loyally served her white master and his family. She did not complain and she appeared to always be happy, until she went home to her own family. In her own family she was viewed as the controller of males and one who angrily punished her children. The Mammy caricature was nothing like the real mammy, who was actually very pretty and attractive. She was only depicted as fat and ugly, so the she would not appear to be a threat to the white women; who at that time was the only females thought of as beautiful. Just like the Mammy caricature, the Uncle Tom caricature was also perceived as a person who enjoyed working for the white people. He was always seen smiling while playing with the white children, and so helpful to his master. The Mammy and Uncle Tom were never revealed as unhappy people, so people assumed that they were content with being slaves. The Mammy and Uncle Tom figures were not the only people that appeared to be enjoying slavery, but all other slaves seemed to be satisfied with it as well. The images that were being shown all showed the slaves singing and dancing, and smiling but none of those images showed the hardships that slaves faced. Only the positive images were shown to make the outside world believe slavery was okay, and that no harm could come from having slaves. One dance the slaves danced was called the Jim Crow, it was a dance symbolized the way African Americans felt about segregation. The dance was not meant to be any racist term, but yet when the white man came and imitated the dance was when Jim Crow term began a racist statement and when the Jim Crow character was created. A white man named Rice one day so a black man dancing, so he decided to mock this man’s dancing. So Rice put black paint on his face and white paint around his mouth, so he appeared to be a black man impersonating other black people. The use of black paint became known as black face. Black face became the most popular form of entertainment for people to watch. People thought it was funny to watch a white man pretend to be black. Black face became so popular that even black men started participating in black face entertainment. These black men would put black paint on their face even though their faces were already dark, and prance around the stage mimicking their own people. They used black face as a way to make a little extra money since they were not getting enough from the white people. It was not until after slavery ended that these cartoon caricatures started to represent bad images of black people. No longer did the images show slaves as happy people, but instead it depicted African Americans as angry, violent people. Those images were used to conclude that black people were actually better off as slaves, instead of free people. The Pickaninny caricature was a representation of the black children. These kids appeared to be savage like by showing them with no shoes on, and the children were eating by alligators. When people saw these images of the children thought the children were like animals that belonged in the jungle, instead of a part of society. Then there was the Brutal Black Buck caricature that made black people become indentified as brutes. These brutes were savage people who could use any sort of violence to get what they wanted all of people. When different movies were being created, it showed black man looking for a white woman, who was a virgin to raped and abuse. When people kept seeing images like that they started to believe that black people were angry savages; savages not meant to fit in with the rest of society. All of these different caricatures were a representation of all black people. Even though these caricatures were nothing like black people, the rest of society believed these caricatures were an accurate representation of black people. They expected all people of color to act the way those cartoon caricatures did. When people see the happy caricatures that existed during slavery, then to watch the brutal caricatures after slavery ended, they begin to wonder if the abolishment of slavery was really necessary. They start to assume African Americans were the happiest during slavery, so why not resort back to that old tradition.

AI Week 14 YUM DB 153 Essay Example | Topics and Well Written Essays - 250 words

AI Week 14 YUM DB 153 - Essay Example The Yum CEO’s pay drops to 10 million, which is a 22% decrease. This indicates how the overall revenue may be a determinant when calculating the total pay of executives. CEO is directly liable when a company underperform. Considering the model used to calculate the pay of the CEO, it is evident that a CEO is motivated to perform once a pay cut is registered on the overall salary package. Each company formulates its payment model based on the stock performance however Giorgi and Chemi (2014)indicates the model being a myth as many companies shows that there is no correlation between the company stock performance to the payment packages. They attribute only 1% of highly paid CEO to be based on stock performances. In conclusion, the compensation policies vary depending on the firm’s priority. The article shows how stock performance determines the compensation package of a CEO. The model works to ensure the company’s top chief works towards ensuring the overall performance of the company is stable and overcome external factors. Chemi, E., Giorgi, A. (2014, July 22). The Pay- for- Performance Myth. Business week. Retrieved