Compare and Contrast Old and New Imperialism Essay

Compare and Contrast old and new imperialism New Imperialism of the late 19th and early 20th centuries compared to Old Imperialism of the 16th and 17th centuries. Imperialism is the spread of control over territories across the globe. The Industrial Revolution and interests in nationalism created a new period of imperialism around 1750. Old imperialism lasted from 1450- 1750, but imperialism alone remained until 1914.Old imperialism and new imperialism shared the same basic concept of controlling and utilizing foreign countries. Old imperialism focused mainly on systems of trade while new imperialism took bolder steps to overtaking nations. Old Imperialism was the period from 1450-1750 -Powers were motivated by â€Å"gold, glory, and God†Ã¢â‚¬ ¦show more content†¦This led to a focus on a trading system because Europeans didn’t want to take on territorial responsibilities. During the Old imperialism era, Europeans set up trading posts, ports, and docks. These trading centers benefited the places the mother country was supplying too. They had objectives to protect their trading centers in native places and none to obtain territories in them. Europe’s trade within and between native lands led to cultural diversity which may have caused a small breach in unity. However, the old Imperialism era ended due to high costs in taking over territories and too much time to supply the mother country. There was no time to build up a superior, organized, skilled army for anyone. Also, due to the Industrial Revolution there was now a faster more efficient way to create and manufacture products. Throughout Western Europe, political authority was completely controlled by central governments, while leaders, such as Isabela I, were busy with the concept of how to increase the power of the state. National wealth was widely viewed as the groundwork of national power, governmental controls soon dominated nearly all of the states domestic economy. The start of Old Imperialism was based on the military and naval power and the underlining motive was essentially capitalistic. It began with sea explorations of the Spanish and Portuguese in the second half of the 15th century. Prince Henry theShow MoreRelatedCompare And Contrast The Old And New Imperialism1600 Words   |  7 PagesImperialism is the movement of colonizing people by gaining political and economic, cultural control of other regions. There are two types of imperialism happened in different time periods which are the old and new imperialism. The old imperialism occurred between the sixteenth and the eighteenth century. It was the time when the European powers started to expand their empires through conquest and trade with other countries. After the American Revolution, it prompted the ideas of new imperialismRead MoreCCOT And CC Essay1549 Words   |  7 PagesAfrica Compare and contrast life in foraging societies with life in agricultural societies after the Agricultural Revolution Identify two key changes in early African history that resulted in a new period in the history of the region The Middle East Analyze the political changes in the Middle East from the Agricultural Revolution to 600 c.e. Compare and contrast the basic features of TWO of the following religious systems prior to 600 c.e. Polytheism Judaism Christianity Asia Compare the originsRead MoreThe Heart Of Darkness By Joseph Conrad1166 Words   |  5 Pagesmodern literature. The Heart of Darkness by Joseph Conrad depicts a story of colonization took place in the Belgian Congo through Marlow’s perspective. In this book, the author portrays the European ideas of civilizing Africa as well as the ideas of imperialism and racism. Although Conrad refers darkness many times in the book, especially in the title, he did not give any clear statement what the darkness was and what aim is he approached by the use of darkness. Through the research, related texts whichRead MoreTo Build Or Not To Build: Examples Of How The Urban Environment970 Words   |  4 Pagesconcepts that eliminate the question of choice. It will then go on to look into architectural design competitions to compare different visions and see why one entry might be chosen over another. Finally, it will speculate on the alternative design for 1 Poultry by Mies van der Rohe, its strong contrast to what was realised instead and the reasons behind it. Participatory Design Fitting new projects into the existing fabric of the city, should, certainly, be a process of thorough consideration. HoweverRead MoreRhetorical Analysis : Us And Them1668 Words   |  7 Pagesdeeming others inferior. The fundamental message that the author is trying to convey through this anecdote is ultimately â€Å"tolerance.† The author published this collection of essays in 2004, when he was approximately at the developed age of 47 years old. The essay can be seen as a nostalgic reflection back to his past, to one of the many worthwhile, valuable, and subtle lessons taught to him by his mother. The author perhaps wrote this specific essay to act as a catalyst for the audience to realizeRead More Colonialism and Imperialism - A Post-colonial Study of Heart of Darkness3270 Words   |  14 Pagesdarkness was here yesterday . . . savages, precious little to eat fit for a civilized man, nothing but Thames water to drink (9-10).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   For Marlow, what is common between the Roman invasion and the British imperialism is a kind of mission without which the British imperialism would have been â€Å"just robbery with violence† (10).  Ã‚   Namely, Marlow focuses on an idea--an ideal slogan--which is employed to impose higher civilization on uncivilized world: What redeems it is the idea only .Read MoreMistreatment Of Women s Waiting For The Barbarians2008 Words   |  9 Pagesthe first person narration of an unnamed magistrate who becomes conflicted upon his duties after meeting Colonel Joll. As the antagonist of the novel, Colonel Joll coincides with the depraved actions of the Empire, one of the most prominent being imperialism. Later in the novel, the Magistrate also encounters an unnamed barbarian girl, who he brings into his home and claims responsibility for. With the intention of learning about her past and about the pain inflicted by his Empire, he aims to to extractRead MoreCo mparison Of Old World Imperialism And Globalization2577 Words   |  11 Pagescomparison of old-world Imperialism and Globalization reveal about the two systems? â€Å"In Globalization 1.0, which began around 1492, the world went from size large to size medium. In Globalization 2.0, 1800-2000, the era that introduced us to multinational companies, it went from size medium to size small. And then around 2000 came Globalization 3.0, in which the world went from being small to tiny.† This quote by Friedman reflects the widely held view- that contemporary globalization is not a new phenomenonRead MoreCompare and Contrast Japanese and Western Imperialism in Asia and the Pacific3853 Words   |  16 PagesCompare and Contrast Japanese and Western Imperialism in Asia and the Pacific 23 October 2013 at 18:10 The Japanese pursuit for an empire in South East Asia helped changed the balance of world power away from Europe, by taking their most lucrative colonies. Soon after the Japanese defeat in World War II, most of the colonies won their independence from their European masters. This essay will be arguing that despite the vast geographical distance and cultural, racial differences, as well as theRead MoreThe Long Term Effects Of European Imperialism After The Berlin Conference2014 Words   |  9 Pages The Long-Term Effects of European Imperialism after the Berlin Conference In 1885 at Berlin, the major european powers meet together, each seeking to increase their influence on the world by taking control of the African continent. Europe had a grip on Africa until a series of African independence movements in the 1960s. Between that time the native people of each African colony were treated differently and used for different purposes. Compare and Contrast how each European country used and treated

Like dove and serpent Free Essays

Brief Summary The article depicts the life of an imprisoned priest, Edicio de la Torre, while he was involve with a Christian movement for national liberation in the Philippines under the regime of autocratic leader, President Ferdinand Marcos. His passion for human rights work continued even after he was released from prison that set him off to leave the priesthood. The Priest has made public his idealism through the interview with the representatives from Mennonite Central Committee; Earl Martin, Dave Schrock-Shenk, and Brenda Stoltzfus. We will write a custom essay sample on Like dove and serpent or any similar topic only for you Order Now The disclosure of his experience, ideas and outlook in life was impelled by three guide questions that encouraged him to freely express his position in some circumstantial events involving the helpless victims suffering from the ruthless governance. When he was asked the first question on how did he survive being imprisoned for nine years, and how did his faith help him, he humbly affirmed that it was his faith that helped him survived. But, he further elucidate that it was his perseverance in living that encourages him to stay focus in order to help the people that seek his assistance even he is in prison. He has accordingly, extended inspirational or counsel or even technical advices to the people that worth him the living. He remained steadfast being part of the movement, even he is in prison. The second question being asked to the priest is about the need for reconciliation in Philippine society and what is necessary for reconciliation considering that Marcos has fallen.   The priest answered citing that reconciliation is quite a problem.   Accordingly, it is difficult to handle reconciliation that demands justice. It might be easy for the oppressor or for the human rights violators to ask forgiveness, but for the victims, it’s not just simply to â€Å"forgive and forget,† it’s a challenge to find the divine grace to forgive. He cited that if a military man is asking for forgiveness from the family of the people he killed, then, he has to be genuinely repentant and initiate restitution and offer penance. With that, just reconciliation could be attained assuring or safeguarding mental, human and Christian values, and acknowledging realities of human wickedness and deceitfulness. The priest calls it as biblical politics which reflects simplicity of heart, like a dove, and assessing the deviousness and intricate ways of human mind, like a serpent. Accordingly, it is the problem of any movement to be both simple and forgiving and at the same time politically clever and cautious to live within a historical world.   The priest further stated that something should happen in the Philippines where reconciliation with justice will be realized, just like what Gandhi of India has proposed for a repentant Indian who set fire a Muslim house and roasted the people there, to raise a Muslim orphaned baby.   This has to be done on an individual basis, but for those who are in the movement, it is not easy to do it and it is also hard on the social and political level. Genuine reconciliation is accordingly, hard to attain with so many victimized people grieving family members who suffered cruelty. The third question on what reflections could the priest would offer on liberation and the movement for democracy in the Philippines after spending nine years in prison and much work in the movement, was   accordingly hard for him. He expressed regret for being with the complicated situation that requires one to be modest and less dogmatic. The priest thought that liberation was just simply witnessing that the sinful world had been redeemed and that God has promised the kingdom.   But, it is accordingly, more than that, everyone should contribute something and should work together to create a better world, a better earth.   It requires full commitment of oneself using resources, skills, strengthens and even weaknesses to claim a part of historical moment where each one could recollect and reaffirm commitments. Finally, the priest did not see anymore himself in traditional or institutional ministry. He has change his vocation, he has see more meaning and the need to be with the people’s movement as a fulfilling task to be part of historical and popular movement toward the coming of the kingdom. Reflection and Relevance to Today’s Society God has given everyone the right to chose what is good and what is bad. Hence, we have to respect the decision of the priest (Edicio de la Torre), in choosing to join the movement and deny his priesthood for the sake of helping the struggle of the many Filipino people who are victims of injustice, social and political oppression, and economic deprivation. Being radical with the movement is the best way for him to help the people than working in traditional institution, in which he implies that it is not enough to evangelize and witness the word of God, but to actually release the people from the bandage of persecution manipulated by oppressors. On the other hand, there had been so many Filipino priests like Fr. Edicio de la Torre, who had changed their vocation (as priest) and joined liberation movements. But their struggle for better future and better world is in vain, some have died along the way. However, this does not stop the struggle, instead, encourages the movement to go on. Conclusion Societal problems are manipulation of the forces in the dark. Everyone should be aware that the power of darkness wants dominion over the whole world. The problems in the Philippines, whether social, political, economic and even religious are likewise the kind of problems presently faced by the whole world. Solving these problems and healing wounds could be done by addressing the root causes of the problem in a wise and humble way, not using force or rebellious act. As what God has promised; blessed are the peacemakers, for they shall be called children of God, and blessed are they that hunger and thirst after justice, for they shall have their fill. Lastly, God said that, blessed are they that suffer persecution for justice’ sake, for theirs is the Kingdom of Heaven. How to cite Like dove and serpent, Essay examples

Globalization of Impact in Society free essay sample

The technique and fundamentals used within different parts of the world vary significantly, for modern values prevail. The vastness of globalization has impacted a majority of nations across the world. One way of looking at Globalization through the advantages and disadvantages of its nature is to overlook society’s changes from generation to generation. The complexities of convergence through trade and social processes establish a variety of commodities between cultures. In part of sharing heritages of different cultures the experience of new found goods in intellect and materialistic sources take our interest in influencing positive or negative reactions. W. J. Perry a cultural anthropologist leader wrote a Journal over culture. In the journal he talks about the diversity among cultures and the meaning behind civilizations. He states, â€Å"that various peoples, in different parts of the earth, had, independently of one another, elaborated the fundamentals of arts and crafts† (Perry 105). He describes an interesting point specifying of how the process of these experiences occur, â€Å"independently†. The exposure to foreign cultural goods frequently brings about changes in local cultures, values, and traditions. For instance, local farmers who have traditionally earned a living by working their small plots of family-owned land and selling their goods locally may find reason to be concerned by globalization because new availability of foreign foods in a market- often at cheaper prices- can displace local farmers. Such causes make local residents to hate some variations of globalization. Lieber and Weisberg in â€Å"Globalization, Culture, and Identities in Crisis† give an example of why some hate globalization. â€Å"Others, however, have treated globalization of culture as an evil because of their fears of the pervasive power and duplicity of multinational corporations or international institutions such as the International Monetary Fund (IMF) (Globalization Crisis, Lieber, Weisberg). On the other hand, there are others whom appreciate the resources that globalization brings from foreign places because there is a sympathetic relation to the arts and crafts available and produced by someone who is thousands of miles away for their unique work in particular subjects, like sculptures, food, clothing, books, jewelry, music, and so much more. Lieber and Weisberg also provide an example of the good side of globalization. â€Å"One observer has asserted that, ‘†¦globalization promotes integration and the removal not only of cultural barriers but many of the negative dimensions of culture. Globalization is a vital step toward both a more stable world and better lives for the people within it’† (Globalization Crisis, Lieber, Weisberg). This is a good point because for some regions in part of the world there are some cultures where such kind of integration can improve or further an interest towards one’s well being; for all human beings share a common notion of intellect. A great revolution occurred through technology, The Information Revolution. Many fundamentalist challenge their skills in competing with this new stream of information such as the computer systems, Ethernet, music, movies, and advertising media. This has created a new movement for individuals not only to work within the field and have a source of income and opportunity to grow in the ambition one seeks but it opens a far more modern aspect of enabling a growing culture all over the world. Since technology and computer systems are relevant in many places around the world today this challenges a new generation with new resources to obtain and fit-in as a means of their culture something that did not exist generations before. It allows for prosperity, however, in some areas there still exists a culture that decide to not be influenced by other cultures instead they are enduring a traditional way of living a society that has carried on from generation to generation without technological growth, they are contemporary hunter-gatherer peoples who, after contact with other societies, continue their ways of life with very little external influence. The nature of the hunter-gatherer persisted in technological techniques to specialize in the domain of survival, using techniques that enable men to use resources in creative measures. As Perry states as well in his journal Tradition, talking about hunter gatherer societies; â€Å"Who still persist in outlying parts of the world† (Perry 106). The level of advancement of a civilization is often measured by its progress in agriculture, trade, performance and abilities of oneself/occupation, and ranking within community distinguish the natural rights of oneself. There is a theory called â€Å"Tabula rasa,† that individuals are born without built-in mental content and that their knowledge comes from ones experience and perception† (Locke, John). Locke’s ability to understand this quality of human intellect is very profound. Tradition is an inherited, established, or customary pattern of thought, action, or behavior with cultural continuity in social attitudes, customs, and institutions. Characterizing an individual towards a manner, method, or style such as in America the way of living is much different especially during the midcentury where access to safe, inexpensive electricity was available and made at times simple. Having toasters to house lights to refrigeration, the effects were significant for many Americans. However, not all people benefited from the technological advances that America was attaining. In India and Latin America people did not have the ease access to electricity or technological equipment for the resources a typical American home would have such as the toaster or refrigerator (Jetsetcitizen). The differences between the resources available for a particular society measure considerably in the lack of or more of such customs. Michael Kaye in his journal Tradition condenses the means of this difference very well.

Michael Jordan Essays - McDonalds High School All-Americans

Michael Jordan Michael Jordan was born on January 17, 1963 in Brooklyn, New York and was raised in Wilmington, North Carolina. He has two brothers, is married, and has three kids. He is considered by many to be the greatest basketball player of all time (Kornbluth). My focus will be on his hardships, accomplishments, and people who influenced him. First, I would like to touch on some general information about Michael. He wears number 23 on his jersey because he considered it to be half of his brother's number, 45. He had wanted 45 because it was his brother's number and he deeply admired his brother, but he was on the same team as his brother so he needed to pick a different number. His most well known superstition is that he wears his University of North Carolina basketball shorts under his game shorts. When Michael was a kid, his favorite sport was not basketball. In fact, it was baseball. He was a pitcher on a little league team. He played baseball because he was short (Kornbluth). Later in his life, he would try to leave the NBA and play major league baseball. Michael was not always rich. His parents had to work two and three jobs each to support the family. Before Michael's dad built him a basketball court in his back yard Michael shot, basketballs into a trash can (Kornbluth). Michael was not always good at basketball, either. People told Michael that he was too short to play basketball. Michael now stands six feet six inches tall. He also went to the school gym before school to shoot baskets, stayed after school to shoot baskets, and could be found in the school gym on weekends shooting baskets. He also played his brother, Larry, one-on-one in basketball. His brother was only a year older than Michael was, but he was much better and taller than Michael was. Michael would often times lose and end up getting in a fight with his brother. This caused Michael to be extremely determined to succeed at basketball (Kornbluth). In his sophomore year of high school, he tried out for the Varsity team. He did not make it, so he was placed on the Junior Varsity team. On the J.V. team, he averaged 28 points per game. He thought this would get the attention of the Varsity team coach. It did. However, it was not in the way he hoped it would. The assistant coach for the Varsity team was sick so they needed someone to hand out towels to the players while on a playoff road trip. That is what Michael got to do (Kornbluth). When he finally got on the Varsity team in his junior year, he still worked hard. He practiced with both the Varsity and the Junior Varsity teams and continued to go to the school gym and work on his shooting (Kornbluth). Michael's hard work would attract many scouts from colleges (Kornbluth). He would go to the University of North Carolina at Chapel Hill. In college, he was a very good player. In his junior year, the Tar Heels went to the NCAA Championship game where he would hit a clutch game winning buzzer beater to win the NCAA Championship. In 1984, Michael played for the United States Olympic basketball team. Michael was among the best college players in the country and helped the team win the gold medal. Michael was also part of the 1992 United States Olympic basketball team. The team was composed of the best NBA players and was nicknamed "The Dream Team." This Olympic team also won the gold medal (www.unc.edu/~lbrooks2/jordan.html). Michael was drafted after his junior year in college and would be the third pick in the first round of the 1984 NBA Draft. He went to the Chicago Bulls, who at that time were a struggling team. With Michael on their team, they started to win. Michael was the NBA's rookie of the year in 1985. He would also be a NBA all-star in his rookie year and a NBA all-star game starter in 1987, 1988, 1989, 1990, 1991, 1992, 1993, and 1996. In 1988 Michael would win the first of four league MVP honors, the others being 1991, 1992, and 1996. He was

History of Roads in America and First Federal Highway

History of Roads in America and First Federal Highway Transportation innovations boomed in the 19th century, including  steamships, canals, and  railroads. But it was the popularity of the bicycle that would spark a revolution in transportation in the 20th century and lead to the need for paved roads and the interstate highway system. The Office of Road Inquiry (ORI) within the Department of Agriculture was established in 1893, headed by Civil War hero General Roy Stone. It had a budget of $10,000 to promote new rural road development, which at that time were mostly dirt roads. Bicycle Mechanics Lead the Transportation Revolution In 1893 in Springfield, Massachusetts,  bicycle mechanics Charles and Frank Duryea built the first gasoline-powered motor wagon to be operated in the United States.They formed the first company to manufacture and sell gasoline-powered vehicles, although they sold very few. Meanwhile, two other bicycle mechanics, brothers Wilbur and Orville Wright, launched the aviation revolution with their first flight in December, 1903. The Model T Ford Pressures Road Development Henry Ford  debuted the low-priced, mass-produced Model T Ford in 1908. Now that an automobile was within reach for many more Americans, it created more desire for better roads. Rural voters lobbied for paved roads with the slogan, Get the farmers out of the mud! Federal-Aid Road Act of 1916 created the Federal-Aid Highway Program. This funded state highway agencies so they could make road improvements. However, World War I intervened and was a higher priority, sending road improvements to the back burner. Building Two-Lane Interstate Highways The Federal Highway Act of 1921 transformed the ORI into the Bureau of Public Roads. It now provided funding for a system of paved two-lane interstate highways to be built by state  highway agencies. These road projects got an infusion of labor during the 1930s with Depression-era job-creation programs. Military Needs Spur Development of the Interstate Highway System Entry into World War II swung the focus to building roads where the military needed them. This may have contributed to neglect that left many other roads inadequate for the traffic and in disrepair after the war. In 1944, President Franklin D. Roosevelt had signed legislation authorizing a network of rural and urban express highways called the National System of Interstate Highways. That sounded ambitious, but it was unfunded. It was only after President Dwight D. Eisenhower signed the Federal-Aid Highway Act of 1956 that the Interstate program got under way. U.S. Department of Transportation Established The Interstate Highway System employed highway engineers for decades was a massive public works project and achievement. However, it was not without new concerns about how these highways affected the environment, city development, and the ability to provide public mass transit. These concerns were part of the mission created by the establishment of the U.S. Department of Transportation (DOT) in 1966. BPR was renamed the Federal Highway Administration (FHWA) under this new department in April  1967. The Interstate System became a reality through the next two decades, opening 99 percent of the designated 42,800 miles of the Dwight D. Eisenhower National System of Interstate and Defense Highways. Source: Information provided by the United States Department of Transportation- Federal Highway Administration.

Advantages And Disadvantages Of Networked Medium Information Technology Essay

Advantages And Disadvantages Of Networked Medium Information Technology Essay Bus networks use a common backbone to connect all devices. A single cable, the backbone functions as a shared communication medium that devices attach or tap into with an interface connector. A device wanting to communicate with another device on the network sends a broadcast message onto the wire that all other devices see, but only the intended recipient actually accepts and processes the message. Ring topology: In a ring network, every device has exactly two neighbors for communication purposes. All messages travel through a ring in the same direction. A failure in any cable or device breaks the loop and can take down the entire network. Star topology: Many home networks use the star topology. A star network features a central connection point called a â€Å"hub† that may be a  hub,  switch  or router. Devices typically connect to the hub with Unshielded Twisted Pair (UTP) Ethernet. Compared to the bus topology, a star network generally requires more cable, but a fai lure in any star network cable will only take down one computer’s network access and not the entire LAN. b) Advantages and disadvantages of each medium. Network medium is the physical channel that used for transmission in the network. The types of the medium are: Wire Fiber air Wire: UTP cable is a medium that is composed of pairs of wires.  UTP cable is used in a variety of networks. Each of the eight individual copper wires in UTP cable is covered by an insulating material. In addition, the wires in each pair are twisted around each other. Fiber: Long distance signal transmission. Large Bandwidth, Light Weight, and Small Diameter Long Lengths Easy Installation and Upgrades Non-Conductivity Security Designed for Future Applications Needs Air: Mobility. Elimination of unsightly cables. c) Recommendation for topology and medium to use: Topology: Figure 1.1 : Star topology We select the star topology for this in-house network. Because the star topology is most popular topolog y for in-house network (LAN). Also we can be benefit by using the star topology in a LAN. Benefits: Information can be easily shared allowing for quick and informed decisions to be made, saving time and money. A more productive and competitive environment is achieved through greater teamwork within the organization. Network-based communication such as email is considerably cheaper than using the phone or fax and sharing resources such as printers gives more efficient use of equipment at lower costs. Standard versions of procedures and directories can be made accessible to everyone. IT administration can be centralised. Data can be backed-up from a single point on a scheduled basis ensuring consistency. Medium: Figure1.2: WI-FI network We select the WI-FI for this in-house network. Because Mobility. Elimination of unsightly cables. Problem Identification: Task 2 – 10 Marks Investigate the Internet connection requirements for the Fire Department. a) Describe the Internet servic es that may be required. b) Explain the connection speeds that are suitable for these requirements. c) Find examples of Internet Service Providers (ISPs) that can meet these requirements in your country. d) Make a recommendation to use one ISP based upon the services offered and price charged.

Packaging as an Important Marketing Tool Assignment

Packaging as an Important Marketing Tool - Assignment Example Packaging is important for preserving quality as well as building a communication channel between manufacturers and buyers in the form of information and convenience. For example, packaged food items are often served with information regarding its nutrition level and ingredients as well as are packed in a convenient manner for the customers’ use. It is through these features that manufacturers tend to build a relationship with their ultimate customers with the advantages of packaging. Moreover, packaging also plays important functions with the objective of seeking that products are packaged and distributed to end consumers with appropriate weight, quantity, measure and quality as per the industry standards. Hence, packaging also contributes to the transparency of the production and distribution process (Brody, â€Å"Development of packaging for food products†). In the present business scenario, with the development of different technologies, the packaging is seemed to be playing an effective role in offering different types of products to worldwide customers. Notably, with rising awareness among customers, intensification of competition as well as a greater need for transparency in the distribution process, have essentialized computerized packaging systems. With this development, companies are now able to obtain higher cost efficiency in their packaging process (Brody, â€Å"Development of packaging for food products†). Market Competition: In the recent era, market competition has aroused to a significant level due to the arrival of new companies as well as products. Moreover, companies are observed to be offering products resembling identical features and use in the form of close substitutes. In this respect, companies have focused on developing innovative packaging ideas as a differentiation strategy.  

The Case of Raleigh Essay Example | Topics and Well Written Essays - 3000 words

The Case of Raleigh - Essay Example The company evidently as its humble beginning started from nothing to something. However, Raleigh was able to survive tough times due to its implementation of competitive strategies. It was able to survive the Great Depression due to its introduction of value-for-money products. Not only that, even if in between 1950 and 1962, Raleigh was still able to consider a competitive strategy which involved focusing on bicycle sales. Focus is a generic strategy which was then applied to Raleigh. This strategy particularly includes concentrating on a certain segment of product line that at some point would benefit the entire organisation in reaching its competitive advantage in the international market (Porter, 1998). By then, Raleigh started to acquire other rival groups in order to dominate in the market and then it started to expand overseas where there were potential for its product offerings. Not only that, Raleigh was good at ensuring promotion of its product line by sponsoring road raci ng team in Europe. Raleigh survived as it continuously obtained subsidiaries which in 2005 came to be around six in all, which include Derby Cycle Werke, Raleigh America, Raleigh Canada, Raleigh Taiwan, Raleigh UK Limited, and Raleigh International. This simply shows how marketing at Raleigh has become more complex as it continues to expand in the international market. 1.1 Q1 1.1.1 Marketing issue... 1.1 Q1 1.1.1 Marketing issue Marketing today is about creating a need or demand for certain product or service offerings and various firms are actually good at doing this for this is an essential step in order for a certain business to survive (Boone and Kurtz, 2006; Kotler et al., 1999). Although the basic idea of marketing is about meeting the needs of the customers, firms actually have significant influence in order to create a need for their service or product offerings. Raleigh was good at doing this stuff. In fact, its ability to create a significant sale amidst tough economic times just proved that it was essentially good at creating a need for its product offerings. 1.1.2 Keegan’s approaches to the study of culture However, modern marketing tries to integrate the idea of understanding the entire market and its prevailing language, religion, values and attitudes, manners and customs, aesthetics, technology, education, and social institutions which are dynamic variables that are integral components of culture (Czinkota and Ronkainen, 2007). Keegan (1989) had different approaches in the study of culture and these include anthropological approach, Maslow’s approach, the Self-Reference Criterion, diffusion theory, high and low context cultures and perception. In the case of Raleigh, all of these can possibly be applied, but on a general or universal context, it is much applicable to use the Maslow’s approach which is entirely about understanding the hierarchy of needs. Modern marketing after all, is about understanding the needs of the customers and even trying to create them on the part of the firm (Kotler et al., 1999; Boone and Kurtz, 2006). Thus, the decision to standardised or adapt a customised approach

Explain Irenaeus Theodicy Essay Example for Free

Explain Irenaeus Theodicy Essay The Irenaeus Theodicy, often called Soul Making, is a counterpart to Augustines Theodicy, yet it is also and opposing argument. While Augustine stated that evil came from humans and Adam in Genesis, Irenaeus proposes that evil is opposing the human races bid to become one with God. Irenaeustheodicy differs from Augustines, as it is more in the sense that God created evil, whereas Augustine described its existence to be more of a mistake. Yet some of Irenaeus points relate to Augustines, though are different forms as they are based on different opinions. Irenaeus battles the problem of the inconsistent triad by saying that God is omnipotent, omnibenevolent and omnificent and evil does exist, but that we, as a race, are not perfect. He believes that at the moment of creation we were not at all perfect, but drastically flawed. And to become one with God, as God intended, we must work toward that goal. The idea that we must work towards God places him in a higher realm. It is this epistemic distance that evil fills and we must fight through. John Hick, a perpetrator of this Theodicy states that: In order to be a person, exercising some measure of genuine freedom, the creature must be brought into existence, not in the immediate divine presence, but at a distance from God. Evil comes in as the obstacle coarse in the way of the ultimate prize. After all, with such a great goal, it shouldnt be easy. Though this doesnt really answer the question of where evil came from, or why God allows it. Irenaeus believes that we chose it when humanity fell in Creation. That justifies moral evil. But what of natural evil? Why did God want this journey to take place in such a hazardous environment, with earthquakes and pestilence, and in such frail form, which is susceptible to such dangers? Hicks response is that moral and spiritual development does not take place in a static environment but comes as the result of challenge and struggle and because we live in a world where pain and suffering is real our actions have real moral consequences for both ourselves and others. Any world where this was not the case would be one where the distinction between right and  wrong could not be made. In saying this, Hick is accused of belittling some of the worlds more excessive examples of evil. The holocaust for example. But in this modern day and age, where Nihilistic attitudes are taking over, people dieing is seen as less of an evil. After all, if you kill one, whats the difference in killing six million? He further argues that those who say that any kind of omnibenevolent wouldnt allow evil to exist full stop are depriving themselves of freedom that humanity entails. For God to get involved in every act of evil that occurs would deprave us of the free will that God gave. And it would reduce God, the ultimate creator of the universe, to a human plaything. If that happened he would no longer be God, as we would control him. As Irenaeus said, If anyone do shun the knowledge of both kinds of things he unaware divests himself of the character of a human being. As far as criticisms go, it is to optimistic. It is essentially an everything will work out in the end theory, that we will end up at Gods side after a long struggle and every thing will be happily ever after in heaven. But if we do that, there is really no reason for a God to make us happy, which negates Augustine and Irenaeus theories. Also, he is basing all of this on the bases that God exists. For that reason, atheists dont hold to this argument at all. Overall, atheists dont hold to this on the basis that they believe that God doesnt exist; therefore there is no ultimate cause. Theists like this theodicy as it allows them to keep their ideal of an omnipotent etc god, but does justify evil. Reasoned arguments cannot account for the amount of evil in the world Discuss A reasoned argument is one that has no empirical bases. Therefore it is a posteri. In the case of evil, the two theodicies of Augustine and Irenaeus  are reasoned. There is no physical base of proof for either. For Augustine, the bible cant be proved; the Christ event cant be proved to have improved our worth in terms of evil either. The same for Irenaeus, we cant prove that we are heading for paradise as no one has ever come back to tell us. But we cant deny the fact that there is a lot of injustice exists and, if we could measure it, evil is a large digit. But the amount of evil in the world has no quantity. How can we measure something that is essentially a human concept? Cheetahs have no idea that killing an innocent gazelle is classified as evil. After all, the gazelle did nothing to harm the cheetah. But the predator has cubs to feed and hasnt eaten for days. So putting those two facts together justifies the original statement. But just because we cant justify the quantity doesnt mean we cant do anything about it. To date, the better off countries have dropped about  £30 million in 3rd world debt. The Live Aid concert that happened all around the world has raised awareness of the plight of those less well off. While it is an undisputable fact that people are still suffering through both moral and natural evils, something is being done to lower the quantity of evils.

Roddy Doyles Paddy Clark: No More Laughing For Paddy Essay -- essays r

Roddy Doyle's Paddy Clark: No More Laughing for Paddy Yer Name Here Poetry/Fiction Paddy Clarke Roddy Doyle's Paddy Clarke HA HA HA was a beautifully written book. It perfectly captures the mind of a ten year old boy in Ireland during the mid- 1960's. Paddy Clarke, the young boy who Doyle uses to enter the mind of a ten year old, is a boy who most can relate to. The book explores most aspects of life through the eyes of Paddy. Doyle takes us through childhood and childhood's end. Doyle is able to seize the complexities of life, but at the same time simplify them enough for ten year old. Everything is a mystery or an adventure to Paddy and his friends. From taking over construction sites to receiving polio check-ups. However not everything is a game to Paddy. His parents lack of compatibility troubles Paddy and his brother Sinbad greatly. The intensity of his parents arguments accelerate as the book goes on. At times Paddy feels he can stop them, at one point he considers himself a "referee" in the fights. "I didn't know what I'd do. If I was there he wouldn't do it again, that was all."(p.191) He ends up contemplating who he would want to win. He comes to the conclusion that he would want his mom to win because she does so much for him, however his father is his father and he loves him. Sinbad reacts differently to his parents fighting. He doesn't try to intervene ...

Business Report

It is specialized in the selling of clothing, home products and luxury food products. Indeed, the company concentrate itself on quality products for well off customers. It Is employing more that 85 81 3 person all over the world In 2014 and got a turnover retailer market. II. Findings A. Structure Over its development M&S has changed of structure. It became over the years, a flatter structure organization. Employees got more responsibilities that enable them to take quick decision. They must be prepared to explain and Justify the decision they take.In order to development that structure, M&S has given more importance to the development of employees ‘ careers by set up training and reviewing of skills in concussion session between employees. Moreover, employees are able to create a career planning profile that enables them to focus on their next target role. It shows how M is supporting the development of skills within the company. The aim of this strategy is to make evolve with out interruption the skills of employees and by this improve performance of the company.It brings benefits to both parts for they own development. By training and developing its staff well, Marks & Spencer is in a position to develop a competitive advantage over its competitors. M success is due to its guiding principles: Inspiration – generating new ideas that excite customers, enthuse people and enhance business. Innovation – focusing on continuous improvement, pushing boundaries and encouraging experimentation. Integrity – doing the right thing, not the easy thing; building trust and reinforcing our reputation.In Touch – understanding what's important to customers, the communities in which it works. M&S is also engaged a Policy of Equal Opportunities Policy in order to diversify employees. They promote an environment free from discrimination, harassment to ensure everyone equality of opportunity to achieve their potential. All employment decision is ob jective based on work criteria and individual merit. M&S try to maximize personal and commercial opportunities. M&S think that employees need to be well rewarded for the work.That's why they developed a reward package that's proven to attract, motivate and retain the best people. This package include: Pay – Checking salaries against other companies to make sure of the competitiveness of M&S. Moreover, extra performance is rewarded by increasing pay to recognize individual achievements. Employee discount: Every employee gets a 20 % discount on all in tore and online purchase. Holiday- Employees get a minimum of 28 days ‘statutory holiday per year. Bonus: M give out bonus when the company has good profit. Business Report As a world-leading cosmetic company of Australia and established in 1985, Jurlique has expanded its customers at a staggering rate recently. I have used its products for many years and am one of its loyal customers. Although Jurlique has conducted its businesses beyond Australia and gradually penetrated into many other countries, it neglects an imperative country that can contribute to boost its sales and profits significantly, namely China. Because Jurlique has not entered into Chinese market, every time I come back to China, my relatives and friends always will ask me to bring them its products. Therefore, I am thinking whether Jurlique can expand its businesses into Chinese market so that its loyal customers can purchase its products conveniently and easily. It is widely know that the most unique quality of Jurlique is its natural elements in products. Almost all the other cosmetic products contain various chemical compositions that may potentially have subtle negative influence on customers. However, Jurlique plants raw materials that its products need on its own and provides pure and natural materials for its products, so that these products are environmental friendly. Due to such unique character, Jurlique gradually attracts more and more loyal customers. Thus, for Jurlique, operating its businesses in China becomes increasingly necessary. With Chinese cheap labour, Jurlique can establish factory in China to manufacture its products. And with the assistance of excellent marketing strategies, there is no doubt that Jurlique can achieve huge success in Chinese market. Executive Summary Jurlique can select China to be its target country. As an emerging country, China has the highest GDP growth around the world. This situation means that there are numerous opportunities for various companies to conduct their businesses in this emerging market. Hence, Jurlique can profit from these numerous opportunities by operating its businesses there. Furthermore, owning the largest population around the world, there is no denying that China has significant potential for digesting the products of Jurlique. To be more specific, Chinese people are more affluent than before. It is universally acknowledged that during the economic crisis period, Chinese people contribute the most to continue flourishing luxury industry. And Chinese women lay more emphasis on their faces than before, thereby providing enormous opportunity for cosmetic industry. Consequently, China is an extremely appropriate choice for Jurlique to expand its business. Because Jurlique is a famous brand around the world and and belongs to high-end products. Therefore, it mainly targets its customers in China at affluent people. Although affluent people only account for small part of the whole Chinese people, due to the large population base, there are still a large number of Chinese people to spend money on its products. Jurlique can distribute its products in China mainly through two ways. The first one is online sales. The prevalent online shopping phenomenon in China can help Jurlique reach the most potential customer. The other one is set up counters in shopping malls, which is the most frequent places people go to buy cosmetics. Campaign Strategy It has been mentioned that the main potential customers of Jurlique are affluent women. And those women generally live in such big cities as Beijing, Shanghai, Shenzhen and so on. Therefore, Jurlique can start its business from the Chinese fashion city, namely Shanghai. It is widely known that Shanghai women usually spend more time and money than others on makeup. And then this company can gradually penetrate its business into other cities and take full advantages of Chinese market to expand its businesses, thereby achieving high profits. Undeniably, the giant influence of advertisement can not be ignored and therefore the first step of starting Jurlique's business should be effective advertising. Firstly, appropriate slogan should be made. Because the unique quality of Jurlique is its natural and pure raw material and the main function of its products is make women be beautiful and charming, the brand slogan can be â€Å"for your natural beauty†. As to advertisement, Chinese people should be its models in order to show people directly that products of Jurlique can beautify not only western people but also eastern people. In order to boost its sales effectively and smoothly, Jurlique should conduct some promotions in accordance with local culture. And the most effective promotional method should be advertising (Gabriel, Kottasz, Bennett, 2006). There are a host of ways can be used for advertising. The most effective one is TV advertising. To be more precise, there are numerous fashion programs on TV now and they attract a vast number of fashion people to be their audience. More importantly, some TV stations even specially set up a fashion channel to broadcast fashion related programs. As a consequence, by advertising on these channels, Jurlique can effectively and efficiently cover its target customers as many as possible. Additionally, Jurlique also can advertise on fashion magazines. These magazines have the same target customers as Jurlique and therefore can effectively and efficiently deliver its information to customers. Another advertising way is billboards. They generally should be established in subway station (Low, Mohr, 2000), because in China, the majority of white-collars who can be potential customers of Jurlique are prone to take subway when getting off work. During the time of waiting for trains, people usually have nothing to do. If there are some gorgeous billboards in front of them, they are inclined to staring at these billboards to appreciate their fabulous content. And them, these people may be motivated in large distance to buy the advertised products. In order to make Jurlique operate smoothly in China, this company also should consider the timeline and costs of its expansion. As to timeline, Jurlique can start its business from Shanghai. About several months later, its business can be expanded to Beijing, and then other big cities. Turning to cost, it is one of the most crucial parts for company, because it relates to its profits. For cosmetic business, advertisements usually occupy the most costs, because gorgeous and luxury advertising contents can contribute to consolidate its high-end position and the high price can offset increased cost in advertisement (Mitchel, 1985). As a result, Jurlique can allocate more money on advertising costs than other aspects. Business Report It is specialized in the selling of clothing, home products and luxury food products. Indeed, the company concentrate itself on quality products for well off customers. It Is employing more that 85 81 3 person all over the world In 2014 and got a turnover retailer market. II. Findings A. Structure Over its development M&S has changed of structure. It became over the years, a flatter structure organization. Employees got more responsibilities that enable them to take quick decision. They must be prepared to explain and Justify the decision they take.In order to development that structure, M&S has given more importance to the development of employees ‘ careers by set up training and reviewing of skills in concussion session between employees. Moreover, employees are able to create a career planning profile that enables them to focus on their next target role. It shows how M is supporting the development of skills within the company. The aim of this strategy is to make evolve with out interruption the skills of employees and by this improve performance of the company.It brings benefits to both parts for they own development. By training and developing its staff well, Marks & Spencer is in a position to develop a competitive advantage over its competitors. M success is due to its guiding principles: Inspiration – generating new ideas that excite customers, enthuse people and enhance business. Innovation – focusing on continuous improvement, pushing boundaries and encouraging experimentation. Integrity – doing the right thing, not the easy thing; building trust and reinforcing our reputation.In Touch – understanding what's important to customers, the communities in which it works. M&S is also engaged a Policy of Equal Opportunities Policy in order to diversify employees. They promote an environment free from discrimination, harassment to ensure everyone equality of opportunity to achieve their potential. All employment decision is ob jective based on work criteria and individual merit. M&S try to maximize personal and commercial opportunities. M&S think that employees need to be well rewarded for the work.That's why they developed a reward package that's proven to attract, motivate and retain the best people. This package include: Pay – Checking salaries against other companies to make sure of the competitiveness of M&S. Moreover, extra performance is rewarded by increasing pay to recognize individual achievements. Employee discount: Every employee gets a 20 % discount on all in tore and online purchase. Holiday- Employees get a minimum of 28 days ‘statutory holiday per year. Bonus: M give out bonus when the company has good profit.

Personality and temperament of children Essay

In the past several years, day care has become the norm in most American families especially that more and more women are joining the workforce and this has become integrated into the welfare system (Davies, 1998). Over the years, research has been active in determining the positive and negative effects of day care to the mental health and cognitive functioning of young children. Results at best have provided evidence that good quality day care is a positive experience for young children (Davies, 1998). On the other hand, proving that day care can significantly affect the mental health and cognitive functioning of the child has remained ambiguous. Establishing causality between use of day care and child mental health and cognitive functioning is difficult because of several variables that might confound the results of the research study. First of this is the inherent personality and temperament of children, measuring child temperament of very young children is cumbersome and difficult coupled with the fact that valid instruments might not be available at this time. It is a fact that mental health and adjustment and cognitive functioning in young children are influenced by their traits and individual differences, hence one could not absolutely say that use of day care would lead to better mental health adjustment and cognitive functioning. Second is the parenting styles of the child’s parents, the child in day care might have involved, authoritative parents or they might have detached and autocratic parents. Although parenting style can be assessed through parenting instruments but it does not clearly provide an explanation as to how a child behaves or how prepared he/she is to interact with children and other caregivers. It is therefore possible that a child that attends a day care center would be socially adept and well adjusted but this could be easily a product of his/her family set-up and parenting style rather than being in day care. Lastly, establishing causality means that the research must prove that the use of day care causes the betterment or deterioration of the child’s mental health and cognitive functioning, this alone is a methodological challenge since day care is made up of several elements lumped into the concept of day care and one factor such as playing with children may have an effect in cognitive functioning but not in mental health. Meanwhile, measuring mental health and cognitive functioning in young children would entail that the research be a longitudinal study since these variables are not manifested in very young children, hence following original research participants for a period of 10 or 15 years might be a more valid design, but one also has to account that children through the years are shaped by their educational experiences in formal schooling and this may inadvertently influence the results of the study in favor of day care when in fact what has been measured was educational experiences in later years. References Davies, C. (1998), Assessing outcomes in child care: An international perspective. Children & Society,12; 3, pp. 155-160. Harvey, E. A. (1999). Short-term and long-term effects of early parental employment on children of the National Longitudinal Survey of Youth. Developmental Psychology, 35, 445-459. Available at http://euryale. sbs. umass. edu/users/eharvey/devpsycharticle. pdf

Describe A Christian Marriage Service Essays

Describe A Christian Marriage Service Essays Describe A Christian Marriage Service Essay Describe A Christian Marriage Service Essay Marriage is fundamentally where a heterosexual couple commit to each other to share the rest of there lives together death do us part However before such an momentous occasion happens their is much planning and preparation to be done.Firstly the men will traditionally ask the future wifes father about the possibility about marrying his daughter. If this wish is accepted then the man will progress to ask the woman to marry. If she agrees he will give her an engagement ring to symbolise their betrothed to each other. An engagement can last as long or short depending on the circumstances. For example money needs to be saved for property to move into after marrying. Also there is the wedding to prepare for which conventionally is paid for by the brides father.The marriage tends to take place at the couples local church and use the local priest. However in the case of differentiating religions, lack of money or just not wanting the flashy wedding the marriage is ge nerally held in a registry office but on it is also legal to marry in most placers now.The priest more often than not will have a meeting with the happy couple and have a general discussion with them about their happiness about the marriage. This is because the priest wants to be sure that the couple are totally in love as otherwise he will not agree to marry the pair. Also the bride will be asked by the priest if she wants to obey in her vows as it is now not necessary .He will also tell them if confetti is allowed as it causes a great deal of mess and has to be cleaned up.After the ceremony there usually is a party, which also needs to be organised. The couple need to choose bridesmaids, best man (whom is responsible for the rings) maid of honour who looks after the bridesmaid and the Paige boys.The brides dress is predominantly white to resemble purity of a virgin. The groom habitually wears a black suit to look smart. However nowadays it matters very little what is worn but peop le tend to keep to the traditional dress code.With the wedding looming there is at least 1 dress rehearsal, which involves the people whom are concerned such as the bride ; groom, bridesmaids, best man ect.On the evening before the wedding the men have what is called a stag night and women have a hen night to celebrate their last night of freedom. This is a modern affair, which has become more accepted and in some cases is expected.On the day of the wedding, nerves are high as all the planning is now hopefully worthwhile. And there are even sometimes second thoughts.The bride gets changed at her home with the help of the maid of honour and the bridesmaids. Then the extravagant and expensive car arrives (it is their wedding after all) and heads towards the church.The best man Sheppards the congregation into the church with the brooms family and friends on one side and the brides on the other. The priest stands at one end of the church where he is joined by the groom and best man. Onc e the bride arrives her father walks her to the altar followed by the maid of honour and the bridesmaid to a song played on the organ that is chosen at the meeting between the couple and the priest. The father then leaves his daughter who joins her soon to be husband in front of the priest.The priest then reads out the vows. He will then ask if anybody knows any reason why this couple cannot get married if people hold their silence then the wedding goes ahead but if there is a legal reason why they cant then the wedding is suspended.Once the wedding is finished the married couple must sign a document saying they are married. Once the ceremony is finished everyone exits the church andgoes to the planned party.

Controversy Around Groupware Research Paper Example | Topics and Well Written Essays - 500 words

Controversy Around Groupware - Research Paper Example Groupware can be used to share ideas, to solve problems, to connect with global users, to share files, and for many other purposes. It is a highly effective technology for use in project management and problem-solving. Prior to selecting a particular software solution, a company needs to decide on its’ overall purpose. It is necessary to be as detailed as possible as to what kind of information-sharing is required and which people should be involved in the proposed project. â€Å"One primary problem has been identifying and measuring specific performance outcomes for diverse job categories† (OConnor, 1999). Time and money can easily be wasted when the needs of the project are not clearly outlined from the beginning. Once these primary considerations are decided upon, the project manager may select the proper application and get started. The manager of a group project may be surprised to find that users are sometimes not in agreement about using groupware applications. This may be because they are used to a specific way of doing things, they are concerned that their efforts will go unrewarded, that they are afraid of a stigma associated with their candid opinions, or any number of other reasons. Another problem which can arise from groupware is that users may find themselves sabotaging a project by veering off-topic or initiating conflicts with other users. Some groupware problems are very similar to the problems one can experience in a traditional group setting.

Trading goods and jobs Essay Example | Topics and Well Written Essays - 500 words

Trading goods and jobs - Essay Example Sweatshops are working environments with unhygienic inhumane conditions that are often viewed by most people in industrialised nations to be difficult and unsafe. The employees do not have much say in how the business is managed and how they are treated by their bosses. This can include extreme high temperatures, abuse from the employers, dangerous situations and exposure to harmful materials (Gordon, 65). The workers are normally required to work for such long hours without a break in between. Sweatshops are often associated with developing countries, although they may still exist in any country. The problem does not only stop with the working environment but there is also the problem of the low wages associated with sweatshops. In most countries with sweatshops, the employees are paid lower than the minimum wage that has been set by the government. Expecting someone to live on these low salaries is almost impossible. Majority of the employees spend more than they make, which implies that they go to bed hungry most of the time. In addition, the low wages are not enough to pay for their basic needs; it cannot take care of their families, school, rent and medical bills (Gordon, 70). Due to this, most of these people are forced to include the whole family in the work. The other major problem with sweatshops is child labour. For decades, people have been fighting against this although not much has changed. However, people still need to earn a living, even if it means that children are also involved in the work. Most families in the sweatshops are from poor families and are amenable to do whatever it takes to earn income. The employers, on the other hand, have no problem with this because child labour to them means cheap labour. Sweatshops usually involve low levels of technology and produce a variety of goods at once. This implies that it is cost saving for

Company Law Essay Example | Topics and Well Written Essays - 1250 words

Company Law - Essay Example The specail committee has approved the payment of ?2 million as the consultation fees to Harry for effectively maneuvering acquisition of Durmstrang Ltd.At this juncture, we have to see the powers of such committees. If the main board has delegated the power to the committee to fix any amount as the consultation fees to any director without any ceiling, then the decision of such committee need not to be ratified by the main board. However , if the main board has not delegated the power to such a special committee to decide about any consultation fee to be paid to any director but only can make a recommendation to the main board and then, the main board has the final authority to accept or reject such a recommendation. In such scenario, as the main board has disapproved such payment, then the consultation fees paid to Harry has to be repaid to the company. However , it should be noted that taking Harry’s efforts in successfully handling such merger as it has added value to the company , it is suggested that Board should take into consideration before making any refusal to pay compensation as recommended by a special committee. ... y, is interested in a future business arrangement or transaction, he has the duty to divulge his extent and nature of his interest to other directors or to the Board2. S 177 also requires that the disclosure should be made to the company well before the start of such business arrangement or transaction3. Further, a director is expected that he is aware of the issues of which he ought to be known reasonably on such business transaction4. A director is bound to disclose his interest’s of another person also, if such other person’s interest tantamount to an indirect or a direct interest on the part of such director5. A director should divulge his interest when he ought practically conscious of the conflicting interest in any business transaction6. Further, the general rule as prescribed in s 175(1) restricts unauthorised clash of personal interest of directors with that of the company but not in duty to the company as decided in the case Bray v. Ford7 . In IDC v Cooley (19 72), it was held that Cooley was accountable only for not divulging a business opportunity when getting a sanction to pursue a new business, had the company itself might have seized the opportunity had it known previously8. In IDC v, Cooley case ,when a director who has received any information even in his private capacity but has only one capacity that it is in his capacity as director such information is being received . It was held in Bhullar v Bhullar9 that the infringement of duty emanates from the failure to exchange any relevant information to the company. The appellants were under an onus to divulge the necessary information to the company. (Mantysaari 2005:187). In Gardner v Parker10 , it was held that where the director had not divulged his interest in any business transaction, then such

KT boundary Essay Example | Topics and Well Written Essays - 500 words

KT boundary - Essay Example This unique layer in terms of its contents and age is believed to have been created sixty five million years ago. Geologists believe this demarcating line to be a clue to the extinction of dinosaurs and the spread of mammals on the earth. The contents of this layer are mainly clay in the bottom and in the upper layer it has got mixtures of minerals like quarts and broken pieces of prismatic crystal substances. The presence of iridium in this layer is very high. Supporting the theory of the mass impact as the presence of it is very less in earth whereas it is abundant in asteroids. The thickness of KT Boundary: Panelists unanimously agree that there is variation in the thickness of the layer. It becomes thinner in Northern America and Canada. But in Italy it is just one centimeter in thickness. The panelists observe that the line gets thinner when it moves from Southern American states into the Northern American states to Canada. The thickness of the layer is three centimeters in America whereas it is only 1 cm thick in Italy owing to the climate impacts on the boundary. KT Boundary and the Extinction of Dinosaurs: The most scientists believe that dinosaurs became extinct because of a single catastrophic event; a massive asteroid impact and gradually the earth witnessed the spread of mammals. The fall of the asteroid led to a kind of situation on the atmosphere where there was no sunlight and thus there was no process of photosynthesis which made a greater crack in the food chain which led to massive extinction. As a result, comparatively bigger animals got extinct whereas mammals and other minor organisms could survive as they were able to hibernate .Scientists are of the opinion that dinosaurs wanted a large area to live in and they could not withstand the impact of asteroid fall and the aftereffects.. In the talk, panelists tell us of crocodiles and turtles who could live underneath the water after the mass impact. Alternate Theory: Melvyn Brag after

Conflict between the debt holders and shareholders

Conflict between the debt holders and shareholders Myers and Majluf (1984) in their pioneering work on pecking-order theory show that if the investors are not well informed about the information which the insiders have, the equity of that firm may be severely mispriced. In their paper they also show that if any firm wants to fund its new project by new equity then the equity can be so undervalued that the new investors will be better off by getting more value than the projects NPV. So the organization will go for such a source which is not underpriced by the market like internal funds or riskless debt. So, in case of information asymmetry companies should follow an order of financing. Myers (1984) refers to this order as the pecking order. As per the pecking order the firm first goes for internal funds and then for low risk debt and finally equity. As we have three major capital structure theories in the literature, it becomes an interesting task to test which theory characterises the behaviour of Indian firms in their determining th e capital structure during the bullish phase of capital market. There are many empirical studies [Bradley, Jarrell, and Kim (1984), Titman and Wessels (1988), Rajan and Zingales (1995), Wald (1999) and Booth et al. (2001)] which have been done to test the applicability of the above mentioned capital structure theories in the developed and developing countries. Market Timing Theory Market timing, a comparatively old initiative (see Myers, 1984), is having a new surge of fame in the academic literature. In study by Graham and Harvey (2001), managers carry on to offer support for the plan. Consistent with the behavior of market timing, firms inclined to issue equity subsequent a stock price run-up. Furthermore, researches that analyze long-run stock profits following business financing events find proof reliable with market timing. Lucas and McDonald (1990) investigate a dynamic adverse selection model that mix essentials of the pecking order with the market timing theory, which can give details of pre-issue run-ups but not post issue Under performance. Baker and Wurgler (2002) said that capital structure is best perceived as the cumulative effect of precedent attempts to time the market. The basic suggestion is that managers look at existing circumstances in both debt market and equity markets. If they found a need of financing, they use whichever market present ly looks more favorable. If neither market looks positive, they may go for defer issuances. On the other hand, if present conditions look strangely favorable, funds possibly will be raised still if the firm has no need for any funds at this time. While this idea seems reasonable, it has not anything to say about most of the factors conventionally considered in studies of corporate financing. However, it does propose that stock returns and debt market circumstances will play an significant role in capital structure decisions. LITERATURE REVIEW The first paper on capital structure was written by Miller and Modigliani in 1958, Showing that subject to some restrictive situation, the impact of leveraging on the worth of firm is immaterial; the conceptually provided that the worth of firm is not dependent upon the capital structure decision given that certain conditions are met. Because of the unrealistic assumptions in MM irrelevance theory, research on capital structure gave birth to other theories. According to the traditional (or static) trade-of theory (TOT), firms select optimal capital structure by comparing the tax benefits of the debt, the costs of bankruptcy and the costs of agency of debt and equity, that is to say the corrective role of debt and the fact that debt effects from informational cost than outside equity. (Modigliani and Miller, 1963; Stiglitz, 1972; Jensen and Meckling, 1976; Myers, 1977; Titman, 1984.) The Trade Off theory says that a firms adjustment toward an optimal leverage is influenced by three factors namely taxes, xosts of financial distress and agency costs. Baxter (1967) argued that the extensive use of debt increases the chances of bankruptcy because of which creditors demand extra risk premium. He said that firms should not use debt beyond the point where the cost of debt becomes larger than the tax advantage. In the so-called Pecking Order Theory (POT) (Donaldson, 1961; Myers and Majluf, 1984; Myers, 1984), because of asymmetries of information between insiders and outsiders, the company will prefer to be financed first by internal resources, then by debt and finally by stockholders equity. The debt ratio depends then on the degree of information asymmetry, on the capacity of self-financing and on the various constraints which the company meets in the access to the various sources of financing. So, in the pecking order world, observed leverage reflects the past profitability and investment opportunities of the companies. The dynamic trade-off theory (DTOT) tries a compromise between TOT and POT (Fischer et al., 1989; Leland, 1994, 1998[1]). Although, due to information asymmetries, market imperfections and transaction costs, many companies allow their leverage ratios to drift away from their targets for a time, when the distance becomes large enough managers take steps to move their companies back toward the targets. While the POT explains short-run deviation from the target, the traditional TOT holds in the long run. Following this approach, leverage must converge toward a target leverage ratio. That would no be the case following POT because managers make no effort to turn around changes in leverage. Two additional theories also reject the idea of timely meeting toward a target leverage ratio. According to the theories of market timing and inertia, the capital structure is the result at a given time of an historical process. Supporters of the market timing approach (Jalilvand and Harris, 1984; Korajczyk et al., 1991; Lucas and McDonald, 1990; Jung et al., 1996; Loughran et al., 1994; Baker and Wurgler, 2002) argue that companies will sell overpriced equity shares. Companys share prices will fluctuate around their factual value, and managers inclined to issue shares when the market-to-book ratio is high. A small debt ratio must thus follow a long period of high market-to-book ratio. According to the managerial inertia approach (Welch, 2004) companies do not adjust their debt ratio to the fluctuations of the market value of their equity. High market-to-book ratio must thus be accompanied by small debt. Graham and Harvey (2001) find that chief financial officers in the USA express concern about earnings volatility in capital structure choices. According to Mohammad M. Omran and John Pointon (2009) study, one of our issues of interest is whether debt is negatively associated with earnings volatility, in which case firms react to the risk, and manage it by reducing debt. On the other hand, if debt is found to be positively associated with earnings volatility, then they do not appear to manage the risk. Ayesha Mazhar and Mohamed Nisar (1997) have discussed the determinants of capital structure of Pakistani firms. They selected a sample from Pakistani companies registered on Islamabad Stock Exchange. The sample is divided into two sub-samples of private and government owned companies to make comparison between both sectors. The sample comprised 91 Pakistani companies out of which 80 companies are private and 11 are government owned covering the period of 1999-2006. They have taken debt to equity as a proxy of leverage of a firm, and tangibility of assets, profitability, size, growth, tax provision and return on assets as independent variables. They use correlation to determine the degree of association between different variables. Spearmen correlation is used for all independent variables association with dependent variables. Regression is also used to measure the relationship between dependent and independent variables. Attaullah shah and saifullah khan (2007) they used two variants of penal data i.e. constant coefficient model and fixed effect model to calculate the determinants of capital structure of Karachi Stock Exchange listed non-financial firms from1994 to2002. Pooled regression investigation was applied with the hypothesis that there were no industry or time effects. Though, by means of fixed effect dummy variable regression, the coefficients for a amount of industries were significant displaying there were significant industry effects later we accepted the late model for our investigation. He had measured effect of seven explanatory variables is measured on leverage ratio which is designed by dividing the total debt by total assets. Safdar Ali Butt and ArshadHasan(2009) had explores the association between capital structure and corporate governance of stock exchange listed companies in an equity market. The study considered the period of 2002 to 2005 for which 58 randomly selected non-financial listed companies from Karachi Stock Exchange has been investigated by using multivariate regression line analysis with fixed effect model method. Managerial ownership has negative relationship with debt to equity ratio indicating that concentration of ownership induces the managers to lower the gearing levels. Institutional ownership has positive relationship with capital structure which is consistent with corporate governance philosophy but this relation is statistically insignificant. Traditional determinants of capital structure like size and profitability have significantly effect on corporate financing decisions. Profitability is negatively related with debt to equity ratio and it is consistent with pecking order hyp othesis. Similarly, size has positive relationship which shows that large firms can arrange debt financing due to long term Relationship and better collateral offering. NengjiuJu, Robert Parrino, Allen M. Poteshman, and Michael S. Weisbach Abstract (2005) this paper inspect optimal capital structure choice by means of a dynamic capital structure model that is standardized to reflect genuine firm features. They also examine the relation between firm value and capital structure. They estimate indicate that the impact on firm value of moderate deviations from optimal capital structure is small. This paper suggests that the trade-off model performs reasonably well in predicting capital structures for firms with typical levels of debt. This paper also shows that the major forces affecting a firms financing decisions are corporate taxes and bankruptcy costs. Mohamad H. Mohamad, Professor of Business Administration. School of Management, University Utara Malaysia (Northern University of Malaysia), Sintok, Kedah DarulAman, Malaysia (1995).they examine the determinants of firms capital structure in Malaysia covering the period between 1986 to 1990. There are significant inter-industry differences in capital structure among Malaysian companies. Highly-leveraged firms are more likely to earn higher profits than less-leveraged firms. Similarly the relation between firms profit and equity ratio is also positive and is reflected in terms of the importance of efficient capital markets. Laurence Booth, VaroujAivazian, AsliDemirguc-Kunt, Vojislav Maksimovic(1999) has analyzed capital structure of firms in ten developing countries and provide indication that these choices are affected by the same variables as in advanced countries. But, there are constantly repeated differences across countries, when corporations choose to use of debt financing; they are altering some predictable future cash flows away from equity pretenders in exchange for cash up front. The issues that drive this decision remain mysterious regardless of a vast theoretical literature and years of experimental tests. The quantity of proof is large, and so it is frequently all too relaxed to provide some pragmatic support for nearly any idea. It is satisfactory for a given paper but more challenging for the general expansion of our thoughtful of capital structure choice. As an outcome, in current decades the literature has not had a concrete experimental basis to differentiate the weaknesses and streng ths of the main theories. Numerous theories of capital structure have been proposed which theory shall we take seriously? Of course, opinions differ. Remarkably, nearly all corporate finance textbooks inclined to the trade-off theory in which bankruptcy costs and deadweight taxation are key operators. Myers (1984) projected the pecking order theory in which there is a financing hierarchy of retained earnings, debt, and then equity. In recent times, the idea that firms are engage in market timing has gain popularity. In conclusion, agency theory lurks in the background of a lot theoretical conversation. Agency concerns are frequently collected into the trade-off structure largely interpreted. Advocates of these types of models are frequently point to experimental proof to support their preferred theory. Often suggestion has been made to the survey by Harris and Raviv (1991) or to the experimental study by Titman and Wessels (1988). Both these two standard papers point up a serious empirical difficulty. They are disagreed over basic facts. According to Harris and Raviv (1991, p. 334), the accessible studies normally agree that leverage increases with tangible fixed assets, growth opportunities, non debt tax shields, firm size and decreases with advertising expenditures, volatility, research and development expenditures, profitability, bankruptcy probability, and uniqueness of the product. On the other hand, Titman and Wessels(1988, p. 17) find that their outcome do not provide sustain for an effect on debt ratios due to non debt tax shields, collateral value, volatility, or future growth. Therefore, advocates of exacting theories are presented a choice of absolutely opposing well-known summaries of what we all know from the preceding literature. Obviously this is unacceptable, and th e study aims to assist resolve this experimental difficulty.

whats good without evil Essay -- essays research papers

Without Evil What’s Good   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"If my devils are to leave me, I am afraid my angels will take flight as well.† Rainer Maria Rilke wrote this to explain the nature of humanity. He expressed his views on human behavior and how humans think. Without evil, one does not know exactly what goodness is. Everyone possesses good and evil qualities. For they are balanced and create stability in everyone. If the one doesn’t exist then humans would not be able to differentiate or comprehend whether their actions are right or wrong. In our nature life always presents two sides of a situation therefore, making us act and think the way we do every day.   Ã‚  Ã‚  Ã‚  Ã‚  In the beginning of the novel Lord of the Flies, by William Golding, there is a theme of society in which the boys begin to show order. Problems occur based on the sinful nature of man in desperate conditions. Jack and his hunters greatly illustrate the evil in human nature. Most of the story is made of the battle between good and evil through symbolism. While Ralph represented the good of the boys, Jack symbolized evil. Order is a great part of human behavior since it allows people to act upon rules and values. Ralph and Simon conducted order by guiding the boys. They built shelters and fires in order to stay civilized. As the novel began, they had rules and concerns and acted like civilized people who had some sort of governmental atmosphere. Ralph decided to choose a leader and every once in a while they would call assemblies. Ralph always seemed like the calmer on, but as time progressed he began to show his savage side towards Jacks group. At first, Jack woul d never think about killing a baby pig, yet later discover he is the first to turn into a savage hunter. Society was taken away from them and therefore they lost their values and innocent thoughts and began killing the other boys. Without knowing what bad was, none of them would feel guilty of what happened on their stay at the island. There is a great struggle between savage and civilization as the two groups of boys argue and try to live on their own until they are rescued.   Ã‚  Ã‚  Ã‚  Ã‚  In the same way, the novel Grendel, by John Gardner, reinforces the fact of evil and good in people. Grendel had both characteristics of human and of monster. He acts like a child and has the heart of one, ye... ...small occurrence could change someone and their bad side will automatically arise within them. Dick experienced inner conflicts within himself with the fact of being a black man and anything was able to strike his inner anger. He began committing crimes and killing people in his town. The mystery of his background and the reason he shot people symbolizes that evil is all around and nothing can stop it once it hits. Dick’s new personality shocked the boys to see how someone so nice and kind could turn out to be so uncivilized after all. No matter how pure and civilized someone seems to be, the â€Å"other† side eternally exists. Inevitably, all people must have the sense of right and wrong, angel and devil, in order to go through life and understand the meaning of it. Without knowing the good, the bad will not exist and vice versa. In humans the quality of dual nature exists. Each work of art will always have these views in characters because it shows how people think. Though Jack and Grendel were perceived as the devilish characters, they both had a sense of pureness. All were created with two consciences for learning through experience and observation.   Ã‚  Ã‚  Ã‚  Ã‚  

Stefan’s Diaries: Origins Chapter 29

When I next opened my eyes, I knew I was dead. But this death wasn't the death of my nightmares, with black nothingness all around. Instead, I could smell the faraway scent of a fire, feel rough earth beneath my body, could feel my hands resting by my sides. I didn't feel pain. I didn't feel anything. The blackness enveloped me in a way that was almost comforting. Was this what hell was? If so, it was nothing like the horror and mayhem of last night. It was quiet, peaceful. I tentatively moved my arm, surprised when my hand touched straw. I pushed myself up to a sitting position, surprised that I still had a body, surprised that nothing hurt. I looked around and realized that I wasn't suspended in nothingness. To my left were the rough-hewn slats of a wall of a dark shack. If I squinted, I could see sky between the cracks. I was somewhere, but where? My hand fluttered to my chest. I remembered the shot ringing out, the sound of my body thudding to the ground, the way I was prodded with boots and sticks. The way my heart had stopped beating and there had been a cheer that rose up before everything was quiet. I was dead. So then †¦ â€Å"Hello?† I called hoarsely. â€Å"Stefan,† a woman's voice said. I felt a hand behind my back. I realized I was wearing a simple, faded, blue cotton shirt and tan linen pants, clothes I didn't recognize as my own. And though they were old, they were clean. I struggled to stand, but the small, yet surprisingly strong, hand held me down by my shoulder. â€Å"Y ou've had a long night.† I blinked, and as my eyes adjusted to the light, I realized that the voice belonged to Emily. â€Å"Y ou're alive,† I said in wonderment. She laughed, a low, lazy chuckle. â€Å"I should be saying that to you. How are you feeling?† she asked, bringing a tin cup of water to my lips. I drank, allowing the cool liquid to trickle down my throat. I'd never tasted anything so pure, so good. I touched my neck where Katherine had bit me. It felt clean and smooth. I hastily yanked the shirt open, popping several buttons in the process. My chest was smooth, no hint of a bullet wound. â€Å"Keep drinking,† Emily clucked in a way a mother might do to her child. â€Å"Damon?† I asked roughly. â€Å"He's out there.† Emily pointed her chin to the door. I followed her gaze outside, where I saw a shadowy figure sitting by the water's edge. â€Å"He's recovering, just as you are.† â€Å"But how †¦Ã¢â‚¬  â€Å"Notice your ring.† Emily tapped my hand. On my ring finger was a gleaming lapis-lazuli stone, inset in silver. â€Å"It's a remedy and a protection. inset in silver. â€Å"It's a remedy and a protection. Katherine had me make it for you the night she marked you.† â€Å"Marked me,† I repeated dumbly, once again touching my neck, then allowing my fingers to drop to the smooth stone of the ring. â€Å"Marked you to be like her. Y ou're almost a vampire, Stefan. Y ou're well into the transformation,† Emily said, as if she were a doctor diagnosing a patient with a terminal illness. I nodded as if I understood what Emily was saying, even though it might as well have been a completely different language. Transformation? â€Å"Who found me?† I asked, starting with the question I cared least about. â€Å"I did. After the shots were fired on you and your brother, everyone ran. The house burned down. People died. Not just vampires.† Emily shook her head, her face deeply troubled. â€Å"They brought all the vampires to the church and burned them there. Including her,† Emily said, her tone impossible to comprehend. â€Å"Did she make me a vampire, then?† I asked, touching my neck. â€Å"Y But in order to complete the transition, es. you must feed. It's a choice you have to make. Katherine had the power of destruction and death, but even she had to allow her victims that choice.† â€Å"She killed Rosalyn.† I knew it in the same way I'd known Damon loved Katherine. It was as if a cloud had lifted, only to reveal more blackness. â€Å"She did,† Emily said, her face inscrutable. â€Å"But that has nothing to do with what happens. If you choose, you can feed and complete the transition, or let yourself †¦Ã¢â‚¬  â€Å"Die?† Emily nodded. I didn't want to feed. I didn't want Katherine's blood inside me. All I wanted was to go back several months, before I'd ever heard the name Katherine Pierce. My heart twisted in agony for all I'd lost. But there was someone who'd lost more. As if she'd read my mind, Emily helped me to my feet. She was tiny, but strong. I stood up and shakily walked outside. â€Å"Brother!† I called. Damon turned, his eyes shining. The water reflected the rising sun, and smoke billowed through the trees in the distance. But the clearing was eerily quiet and peaceful, harkening back to an earlier, simpler time. Damon didn't answer. And before I even realized what I was doing, I walked to the edge of the water. Without bothering to take off my clothes, I dove in. I came up for air and breathed out, but my mind still felt dark and dirty. Damon stared down at me from the water's edge. â€Å"The church burned. Katherine was inside,† he said tonelessly. â€Å"Y I didn't feel satisfaction or sadness. I just es.† felt deep, deep sorrow. For myself, for Damon, for felt deep, deep sorrow. For myself, for Damon, for Rosalyn, for everyone who'd gotten caught in this web of destruction. Father had been right. There were demons who walked the earth, and if you didn't fight them, then you became one. â€Å"Do you know what we are?† Damon asked bitterly. We locked eyes, and instantly I realized that I didn't want to live like Katherine. I didn't want to see the sunlight only with the aid of the ring on my finger. I didn't want to always gaze at a human's neck as if contemplating my next feeding. I didn't want to live forever. I ducked down under the surface of the water and opened my eyes. The pond was dark and cool, just like the shack. If this was what death was, it wasn't bad. It was peaceful. Quiet. There was no passion, but also no danger. I surfaced and pushed my hair off my face, my borrowed clothes hanging off my soaked limbs. Even though I knew what my fate was, I felt remarkably alive. â€Å"Then I'll die.† Damon nodded, his eyes dull and listless. â€Å"There's no life without Katherine.† I climbed out of the water and hugged my brother. His body felt warm, real. Damon briefly returned my embrace, then hugged his knees again, his gaze fixed on a spot far away from the water's edge. â€Å"I want it done,† Damon said, standing up and walking farther away toward the quarry. I watched his retreating back, remembering the time when I was eight or nine that my father and I had gone buck hunting. It was right after my mother had died, and while Damon had immersed himself in schoolboy antics like gambling and riding horses, I'd clung to my father. One day, to cheer me up, Father took me to the woods with our rifles. We'd spent over an hour tracking a buck. Father and I headed deeper and deeper into the forest, watching the animal's every move. Finally, we were in a spot where we saw the buck bowing down, eating from a berry bush. â€Å"Shoot,† Father murmured, guiding my rifle over my shoulder. I trembled as I kept my eye on the deer and reached for the trigger. But at the moment I released the trigger, a baby deer scampered into the field. The buck sprinted away, and the bullet hit the fawn in the belly. Its wobbly legs crumpled beneath it, and it fell to the ground. I'd run to try to help it, but Father had stopped me, holding on to my shoulder. â€Å"Animals know when it's time to die. Let's at least allow it the peace to do it alone,† Father said, forcibly marching me away. I'd wailed, but he was relentless. Now, watching Damon, I understood. Damon was the same way. â€Å"Good-bye, brother,† I whispered.

A Bad Experience and What I Learned From It Essay

When my dad asked if I wanted to participate in a recital contest, which was citywide, I agreed without hesitation. I was a proud peacock thinking that it was impossible for me not to win, so I neglected practicing. But when I turned on the microphone, I was faced with a problem: What was the stunning opening line that I used to start speeches with? I was too arrogant to start with the common â€Å"Good morning, ladies and gentlemen,† when I really couldn’t think of anything else. So there I stood, face ashen, eyes wide, holding on to the last hope that the lines would pop up. They didn’t, and the bell rang. I walked miserably off stage, trying hard not to trip to retain what little dignity I had left. The audience was quiet, and I was not used to it. Well goes the say,† No pain, no gain.† Were it not for the loss, I wouldn’t know the importance and essentiality of previous drills and being humble. Since then, I always make sure I practice till the last minute for anything that is to come. Read more:  No Pain No Gain Essay