My Dream

My Dream Holiday My dream holiday doesn’t involve only one place but the whole world, because it is to tour the world’s most astonishing places. Firstly there’s Manhattan. New York. As one of the most popular tourist destinations and heavily populated places anywhere in the world, Manhattan offers something for everyone, including vast amounts beauty, irrelevant of what you consider to be beautiful.From the lush greenery and openness of Central Park to the awe-inspiring and breathtaking view from the top of the Rockefeller Centre to the iconic Statue of Liberty, it would be difficult for anyone to visit Manhattan and not find part of it stunning. It was not until the voyage of Henry Hudson, an Englishman who worked for the Dutch East India Company, that the area was mapped. Hudson came across Manhattan Island and the native people living there in 1609, and continued up the river that would later bear his name, the Hudson River, until he arrived at the site of pre sent day Albany.Secondly there’s Ireland There’s one town in particularly which is a â€Å"must†. This town is called Killarney. It is located in the province â€Å"Munster† in Country Kerry. Its population was last taken in 2006 and found to be 16931 people. Killarney has featured prominently in early Irish history, with religious settlements playing an important part of its recorded history. Its first significantly historical settlement was the monastery on nearby Innis fallen Island found in 640ad by St. Finian the Leper, which was occupied for approximately 850 years.Thirdly there’s Meteora, Greece. The word â€Å"meteora† means â€Å"Suspended rocks†. The area of Meteora on the Greek mainland is a collection of six monasteries that were constructed on limestone rocks many centuries ago. The six monasteries includes â€Å"The Holy Monastery of Great Meteoron, Varlaam, Rousanou, St. Nicholas Anapausas, St. Stephen and The Monaster y of the Holy Trinity. Their beautiful to look at both up close and from afar, each of the six Eastern Orthodox monasteries are still inhabited to this day. Then there’s the wondrous Creation located in Australia.The Great Barrier Reef. It is officially the largest reef system on earth. The Great Barrier Reef has almost 3,000 reefs encompassed within the 2,600 kilometer area of land that it covers. Although the Great Barrier Reef is clearly visible from space, it is when looking at it from underneath water when it truly appears to be beautiful and somewhat magical. Over 1,500 types of fish call the Great Barrier Reef home and in excess of 400 types of coral can be viewed in the area. Next on my list comes the extraordinary city, Venice.This is one of the most popular cities in Italy. Venice is known primarily for its canals, which provide both romantic and commuter travel within the city. There are, however, many other reasons why a visit to Venice is a must, notably some ama zing feats of architecture. It seems as if every step you take, you will encounter some aspect of the city worth admiring. The major sights like the basilica and piazza of San Marco are perhaps the city’s most famous. There is however much more, but there's always next time for the rest.

3.05 Fireside Poets Assignment

What metaphors does Holmes use to describe the ship in stanzas one and two of â€Å"Old Ironsides†? Long has it waved on high, Beneath it rung the battle shout, and burst the cannon's roar, and no more shall feel the victor's tread. In 1830, the 44-gun American warship Constitution, the inspiration for â€Å"Old Ironsides,† was scheduled to be scrapped – that is, stripped of everything valuable or reasonable. What proposal is put forth by Holmes, in the last stanza of his poem? Holmes is saying it would be more respectable to take the ship out and sink her.What do you think Holmes wants the ship to symbolize? The American warship Constitution. The term,†Harpies,† in line 15 of â€Å"Old Ironsides† is an allusion to predatory flying creatures in Greek mythology, which have bodies of vultures and heads of women. The name meant â€Å"snatchers† or â€Å"robbers. † Why do you think that Holmes uses this allusion in his poem? Basically he's saying the government robbed the Constitution of her glory. He is comparing the ship to an eagle and the harpies are picking at the leftovers.In Longfellow's â€Å"The Tide Rises, The Tide Falls,† how does the title foreshadow the fact the traveler will not return? Well, the word fall is a metaphor for death, or failure. So, the second part of the title, The Tide Falls, basically says the traveler isn't gonna make it to the next day. Do you think Longfellow's poem is about one specific traveler, or could it apply to all in general? Explain your answer. It could be about one specific traveler, or all in general. All who dare to move under the cover of darkness aren't gonna succeed.Personification is a figure of speech in which an object or animal is given human feelings, thoughts, or attitudes. Cite an example of Longfellow's use of personification in â€Å"The Tide Rises, The Tide Falls. † â€Å"But the sea, the sea in darkness calls; The little waves, with thei r soft, white hands† How does the division into stanzas reflect the passage of time in the poem? Example: Stanza One presents twilight darkening into night. What do stanzas two and three represent? The second stanza represents the darkest part of the night, and the third represents morning light.

Organizational Theory Design and Change Essay Example | Topics and Well Written Essays - 250 words - 2

Organizational Theory Design and Change - Essay Example Functional level strategies are plans made to enhance the organizational and functional resources of an organization. The plan also strengthens the coordination within the organization. All of these factors mutually function to generate core competencies in the organization. In order for an organization to develop a functional level strategy, it should either lower the cost of functional activities as compared to that of the competitors, or else, make its service and/or goods different from others’. Examples of an organization’s functional level strategies can be increase in the quality of products in which the value creating function is â€Å"manufacturing†, and hiring talented workforce and improving their skills through on-the-job training in which the value creating function is the â€Å"human resource management†. Likewise, improving the quality of existing products or developing new ones pertains to the value creating function of â€Å"research and development.† Similarly, an organization can improve services in other value creating functions. These examples explain the skills that are displayed in the value creating functions. The very skills are fundamentally the core competencies of an organization and give it competitive advantage.

The HafenCity core location has sustainable qualities Essay

The HafenCity core location has sustainable qualities - Essay Example These principles are essential in defining the continuity and integrity of urban designed systems. This eventually would result to the planners having a clue on how to plan and predict urban ecological and socio-economic developments perspectives. Furthermore, it will enhance the harmonization, integrity and mutual consistency with the prediction and urban development documents. Therefore, urban developments that are sustainable should focus on objectives that are long-term. In addition to that, it should address the existing environmental and socio-economic problems existing in the cities and also focus on future preconditions (Vanags and Grizans, 2010, p.1100). Cities are considered to be territorial and socio-economic unit in which economic and business activities are carried out, job opportunities are created, emergence of new technologies occur. Despite the advantages of Hafencity Humbug city expansion, it poses threats to the sustainability of the environment as it will lead to increased population and industrial expansion. In such cases, the demand for urban resources will drastically increase and consequently the amount of waste stream. The urban planners may attempt to provide improvements to the local environment while inadequately addressing issues such as the depletion of the ozone layer and global warming which are characterized by urban behaviour external impacts. Thus, in such a context, urban sustainable development should be perceived as a wider goal of integral ingredient, working towards achieving a sustainable global development. These goals are veered towards the promotion of inter-generational equity, geographical equit y, social justice and environmental stewardship (Haughton 1997, p.193). In addition to that, the documents used to formulate city strategies are wide and might ignore important information needed to monitor the

Advertisement Essay Example | Topics and Well Written Essays - 1000 words

Advertisement - Essay Example In this advertisement, the target audience is both sexes. According to the photographs in the ad, we can clearly see that both these people are young, so the advertisement is meant for the young generation. Both of them are also very good-looking, even though they are wearing plain clothing, which helps to focus more on their beauty. They are both making physical, sensual contact with each other, which shows the supposed effect of the fragrance. Also, we can see that the involvement of both sexes shows us that the product at hand should be used by both the male and the female population. On the other hand, it’s clearly evident that the advertisement, which involves introducing a new product into the market, is meant to call attention to the product so that the target audience can be attracted to it, like it and at the end of the day purchase the product. The person viewing the advertisement is made aware that the fragrance is new because only new items usually end up in magazines, since those are the ones that the companies feel an audience would like. The advertisement also clearly states that the product is new, prompting the audience to want to give this new fragrance a try. Through this presentation, the audience is enticed to try the effect of the fragrance for themselves. Similarly, there is a message in this advertisement that is somehow overt and has been used to attract the probable buyers of the fragrance. In this case, the fragrance is meant to make the buyer feel good and also make the person be more desirable to others. According to the press release, â€Å"CK One is about connecting with the group, CK Be is about connecting with yourself, and CK IN2U is all about connecting with another person† (Osmoz). In a more hidden meaning which acts as a reinforcement to the previous message, the user of the perfume will be more

Architecture Building Essay Example | Topics and Well Written Essays - 1000 words

Architecture Building - Essay Example The association would therefore facilitate the construction of modern structures that portrayed the social, political and economic features of Germany as a developed and industrial state in Europe. The move would help portray German’s culture in the constructions besides marking historical landmarks through the construction iconic structures. The association sought to influence the design of structure in the country by first developing a school of designers. This way, the collage would help develop successive architects, designers, artists and engineers who would thus typify and pass on the design dictates of the association thus marking a revolution in the design and portrayal of German’s culture in its buildings. The association developed Bauhaus school of design with the view of establishing a partnership between product manufacturers and design professionals thus influencing and facilitating the development of modern buildings that would not only remain relevant and appropriate for longer but also depict the country’s culture thus competing favorably against other developed states (Cuff 41). Kollhoff Tower is one of the most iconic structures in Berlin. Stretching a height of more than one hundred meters and covering a base of more than two hundred and fifty meter square, the gigantic structure houses modern day commercial offices. The design and subsequent construction of the structured followed the patterns propagated by the modernist movement in the country. Constructed in 1994, the structure has stood the test of time and remains relevant and appropriate for use in the contemporary Berlin (Killen 41). This implies that the designers of the structure considered specific structural factors and infused effective technology in the construction of the structure thus earning it the position it represents in the modern day Berlin. From the design pattern to the facade of the structure, the building portrays some uniqueness that possibly ex hibits the cultural features in the German society. Germany is indeed a developed society and being a member state of the European Union, the country permits free interaction among its citizens and those from other countries within the region. Culture is a dynamic concept that refers to people’s way of life. As explained earlier, German is a cosmopolitan society with millions of immigrants. Kollhoff Tower on the other has a unique design that exhibits specific cultural features. The features infuse both the traditional and specific German cultures and the new aspects of modernism. The design of the building for example considered the need for subsequent renovation of the structure in order to sustain its relevance in the constantly changing society. Through constant renovation and incorporation of subsequent designs in the structure, German engineers succeeded in installing the fastest passenger elevator in the building travelling at a top speed of four hundred and ninety two meters per minute (Schwartz 66). This implies that the elevator can reach the highest floor of the twenty-five story building in two minutes. Such is a feature of the post modernism culture that seeks to improve convenience and the ease of accessing skyscrapers. While the association of architectures existed way before the design and construction of the structure, the Kollhoff Tower exhibits some of their preliminary demands. Key among such was the need for a structure to remain unique. Architecture is

Quentin Tarantino and his Movies Speech or Presentation

Quentin Tarantino and his Movies - Speech or Presentation Example In Kill Bill Volume l, a shot with the Bride was seen looking at her captive Sofie inside the trunk. In Jackie Brown, a trunk shot was made when Jackie hides her money inside her blue jacket. In Pulp Fiction, the characters Jules Winfield and Vincent Vega had a shot looking into the contents of the trunk. Tarantino also uses the God’s eye point of view shot. This shot is done with the camera on top of the actors to convey a message that someone of greater being is watching the entire events. In Kill Bill Volume 1, this shot was used when the Bride follows Sofie Fatale into the bathroom. One of the fight scene in the House of Blue Leaves was also shot in the same point of view. In Kill Bill Volume 2, the God’s point of view shot was used when the Bride was lying down in the bathroom crying, in the scene where Budd was looking at his money in the trailer, and the scene when the Bride submerges the head of Elle Driver into the toilet bowl in Budd’s trailer. The corp se point of view shot was used in the scene in Pulp Fiction when Marcellus wakes up with people hovering above him after being hit by a car. In Kill Bill Volume 1, the corpse shot was when the Deadly Vipers and Sheriff McGraw were looking at the dead Bride. In Kill Bill Volume 2, the shot was done when Budd buried the Bride alive. ... In Volume 1, black and white shots were done in the fight scenes at the House of Blue Leaves. In Volume 2, the scenes from the wedding to the massacre after wards were done in black and white. The color returns when the main character in the movie blinked her eye. The films of Quentin Tarantino are told to be harsh, demeaning or even racial in its language and dialogue. In his movie Pulp Fiction, the black characters used the word nigger thirteen times and seven times by the white (Bernard 187). The director however argued that those who complain about his choices in dialogue and languages are mostly white liberals and not the black people (187). In addition, dance scenes are also present in Tarantino’s film to signify triumph or joyous times even if some of the scenes were graphically violent. In Pulp Fiction, Mia Wallace and Vincent Vega danced to â€Å"You Never Can Tell† at the bar, and Mia dances alone to Girl You’ll be a Woman Soon music in her house. Quent in Tarantino goes to record stores and personally picked the music in his movies (Dawson 163). Tarantino have always wanted to write a musical score but he can’t and was afraid to ask others to write a score because he might not like it (163). He uses music to build a scene and to get the desired emotional and aesthetic effect of that particular scene. In the movie Pulp Fiction, â€Å"Son of a Preacher Man† was played in the background when Vincent Vega went to the house of Mia Wallace (163). In Kill Bill Volumes 1 and 2, the song Woo Hoo can be heard in the background during bloody fight scenes amidst the screams of the characters. According to the site FilmBuff in their article on â€Å"Quentin

Economic Essay Example | Topics and Well Written Essays - 1500 words - 2

Economic - Essay Example For the purpose of maintaining and achieving such stability, however, it uses various tools and strategies which are discussed in the article as well as explained elaborately in the subsequent sections of this paper. Introduction: This article titled â€Å"RBA raises inflation forecast as traders raise rate expectations† written by Michael Boutros, appeared in The Bull, on May 09, 2011 (thebull, 2011). The author is a technical / fundamental currency analyst specializing in the FX markets, and works for DailyFX (fxstreet, 2011). The article discusses the current Australian interest rates stating the RBA's (Reserve Bank of Australia) recent declaration regarding rise in the inflation forecast above the 2-3 per cent target through the year 2013. The Reserve Bank of Australia held rates at 4.75% for a fifth straight meeting. It states that considering the current rates, which are above the expected target, the central bank has very little opportunity to tolerate any further advan ces in its prices. The author predicts that in response to such rising inflation, the RBA might lift its cash rate in the coming months, as the investments in mining and energy sectors rise, which are likely to further accelerate the pace of inflation. Economic concepts and theories to be applied: The article deals with the variation in interest rates and the rising inflation, and discusses the ways and means to control the same. In this regard, the author has suggested tightening the monetary policy, which can be discussed in accordance with the contractionary monetary policy preceded by a brief overview of the monetary policy i.e. both the concept as well as the monetary policy of Australia. The other concepts discussed in this article include Cash Rate, and inflation targeting. Key Definitions: Inflation targeting: According to Bernanke et al., (1999: 4) inflation targeting is a framework for monetary policy characterized by the public announcement of official quantitative target s (or target ranges) for the inflation rate over one or more time horizons, and by explicit acknowledgement that low, stable inflation is monetary policy's primary long-run goal" (in Hufner, 2004: 7) Analysis: Economists often forecast a rise in inflation rates. These forecasts or predictions regarding inflation are based on various factors. One such approach is the standard economic theory which posits that a rise in inflation occurs on account of a downturn in the economy and when the production surpasses the capacity constraints. According to this approach, the measures of an economic downturn, such as capacity utilization or unemployment rates, offer valuable information regarding the manner in which inflation would turn, i.e. rise or fall. However, this is not the only approach to forecasting inflation. The other approach relies on certain key indicators of inflation. These key indicators take into consideration factors such as commodity prices, gold prices, and other composite indicators which are then used to forecast the inflation rates. According to the article, the RBA forecasts inflation to reach 3 per cent by December this year, while the forecast for the year 2013 is estimated to cross 3.25 per cent mark. The following figure indicates the inflation rate

A Philosphical Approach Essay Example | Topics and Well Written Essays - 750 words

A Philosphical Approach - Essay Example The recall coordinator’s personal identity was influenced by Ford’s identity and at every step he was being thinking in favor of the company. The other reason that had restricted recall coordinator for not recalling the Pinto was due to his behavior which was highly influenced by script processing. These are the routine situations on the job due to which humans establish similar behavioral pattern and act automatically in all situations, leaving out the consideration for ethical decision making (Trevino & Nelson, 2011). Answer 2 Moral awareness was shown by the recall coordinator because he believed that he felt responsible for people to make them understand his situation at the particular time. The recall coordinator was a proud supporter of following ethical righteousness and an activist for social injustice. At an early age he became a recall coordinator of Ford which was an intense job with over loaded information (Trevino & Nelson, 2011). However, when the situatio n arises, the recall coordinator chooses not to recall because of various reasons. He believed that although he was an activist but he did not develop his ethical base and setting his guidelines and developing views for what is ethically right or wrong. He believed that people should not make those common mistakes in ethical decision making as similar to himself for what he did in the Pinto Fire case. ... The most important thing which the recall coordinator wanted to mention was that many people are unaware of the ethical dilemma. People should be responsible for their act and their decisions at a younger age, that it would make a difference in their lives (Trevino & Nelson, 2011). Answer 3 If I were in the place of a recall coordinator, I would have applied Trevino & Nelson 8 step model to design my decision in an ethical manner. Those 8 steps are discussed below: Identify relevant fact Firstly, I would have collected relevant facts of those deaths that either had they been due to a component failure of the car or were they just severe accidents due to poor driving faults. Till 1973 it was unclear that that the fire erupted due to fuel tank design. I would also have evaluated the cost and benefit analysis for improving the gas tank. Identify ethical issues I would examine the obligation to people if it had been the company’s product design fault but also keeping loyalty to th e company. I would have stand up to the responsibility for the deaths of people if it had been the company’s fault. Identify relevant affected parties I would have investigated the matter of those accidents and would have consoled the families of the victims. I would portray the company’s image in a good light but also try to identify loss factor of the company if we decide to recall. Identify possible consequences for action I would highlight and give weights to the alternative decisions for recalling and not to recall (Robbins, 2009). Huge cost is associated with recall but further lives would be saved which would be good for society. If I would not recall, then the probability of potential lawsuits and damage to corporate reputation would take place. Even more lives would be in danger.

Robert McNamara Essay Example for Free

Robert McNamara Essay As Defense Secretary of two administrations, the Johnson and Kennedy administrations, respectively, Robert McNamara played a great role in shaping US policies that led to the decision to intervene in the Vietnam War. Prior to his role in the Vietnam War, he was already involved in various roles in some of the most major decisions concerning nuclear weapons and delivery system. Such experience would have been useful for him to determine that going to war in Vietnam was a huge mistake and would end up catastrophically for the Americans. However, he certainly mistook Ho Chi Minh’s nationalist drive to unite Vietnam as the challenge of a monolithic Communist work and this proved to be fatal not only to the United States but to Vietnam as well as both camps suffered heavy losses not only in terms of lives but in terms of financial sources as well. But to his credit, he was the only with that kind of status who accepted responsibility for the Vietnam debacle which cost the United States thousands of military servicemen and millions of Vietnamese lives. Despite his belief that the war should have been ended even in the middle of it, McNamara remained â€Å"loyal† to the President. Hence, even if his views were altogether different from the other key players in the Vietnam war, he did not act responsibly toward the American people as he instead kept his silence rather than challenging Johnson and his cabinet and quitting mid-war. His excessive faith in high-tech weapons and later expectations that massive bombing and frontal battles could wear down the Vietnamese enemy certainly added to his accountability. Moreover, even with the increasing withdrawal of support and criticism of the Vietnam War, McNamara fastidiously held on to his silence and this might have resulted in creating the tone of ideological bitterness that now pervades U. S. politics, Bill Schneider, a contributing editor to Opinion, CNN, Los Angeles Times (p. 134). This can be seen by the evident gap or estrangement between the governing class and the people which is symbolized by the draft issue employed by the military. The number of Americans who believe the Vietnam War was a mistake has steadily risen in the years since. Its in the range of 80% now, said John Mueller of the University of Rochester in New York, an expert on public opinion on foreign policy and war. [Doyle McManus, Los Angeles Times opinion (p. 118). ] McNamara should not have kept his silence. As Vann puts it, â€Å"he saw much that was wrong about the war in Vietnam, but he could never bring himself to conclude that the war itself was wrong and unwinnable (p. 8). In fairness to McNamara however, he strongly opposed further bombing of North Vietnam and major deployment of a major ABM system which upset the military chiefs at that time. However, his resignation came in too late, when Johnson was already gunning for a re-election. He could have voiced out his objection when the odds are still with him and as Frank Rich succinctly puts it, â€Å"the real wisdom he might finally have attained a recognition that he was wrong not to announce his mid-war about-face and quit the Johnson Cabinet when lives might still have been saved eludes him†. Frank Rich, New York Times opinion (p. 126).

Comparison Between Manufacturing Company and Service Company

Comparison Between Manufacturing Company and Service Company I am going to analyze and discuses on behalf of manufacturing industry (ALKEM LABORATORIES) and service company (WALMART) on the basis of different operations and functions. ALKEM LABORATORIES is INDIA based pharmaceuticals manufacturing company which formulate different types of medicines. it is rated the No 2nd company in the overall antibacterial segment, No.1st in cephalosporin formulation and No.3rd in over all Indian market. Alkem laboratories operates different operations like process design (arranging the stores layout to give smooth and effective flow of customers), product design (designing stylist products that can be flat packed efficiently), job design (making sure that all staff can contribute to the companys success), supply design (locating stores of an appropriate size in the most effective place), etc during manufacturing process as well as other operations. Alkem has many customers in domestic markets (India) and international market (Kenya, Nigeria, south Africa, Sri Lanka, Vietnam, Mongolia, Malaysia, Myanmar, Cambodia, Yemen, America, Eurasia, etc.) TRANSFORMATION / MANUFACTURING PROCESSES As per the consideration of TABLET MANUFACTURING process fig.1 shows the basic block diagram of tablet TRANSFORMATION PROCESS FLOW CHART. VISUAL INSPECTION METAL DETECTION SECONDARY PACKING MATERIAL SECONDARY PACKING TRANSFER TO FINISING GOODS STORE GRANULATION 12 COMPRESSION BLISTER OR STRIP PACKING PRIMARY PACKING MATERIAL COATING IF APPLICABLE RM RECEIPT TRANSFER TO MFG AREA Fig. 1 transformation or manufacturing process flow diagram. Granulation is a process by raw materials are mixing as per the required for tablet specification. Granulation take more time in tablet manufacturing process so we can say that this is internal part of bottleneck process. After granulation, compression perform to give specific required shape desired size of tablets. After finish compression process tablets goes to coating area where reduce mask the unpleasant test and odour. Visual inspection machines are used for finding damaged core or coated tablets. The last but not least process is packaging and it divide into two ways i.e. primary packaging with blister and secondary packaging with strip. After completion all these process finishing tablets transfer to finishing goods store as per inventory management. WALMART Wal-Mart is largest retailer service company in the world, headquarter in USA. The first Wal-mart store was opened by Sam Walton in 19961 in Bentonville, Arkansas. Wal-mart adopt different process management during operation like capacity management (coping with fluctuation in demand) , inventory (avoiding running out of products from sale) management, supply chain management (arranging for delivery of products to stores) etc. Wal-mart has worldwide customers. Wal-mart lays lots of values on different emphasis, example associate opportunity, sustainability, responsible sourcing, make large communities. Fig 2 : Wal-mart format Reference:- http://www.walmart.com/cp/All-Departments/121828 Accenture consulting (for fig 2,3,4) Figure3:-wal-mart operating diagram DIVISON WISE SALES Fig4:- Wal-mart Supply Chain complexities COMPARE BETWEEN ALKEM LABORATORIES AND WAL-MART ON THE BASIS OF COMPETITIVE PRIORITIES CORPORATE STRATEGY Comparison on the basis of COMPETITIVE PRIORITIES COMPETITIVE PRIORITIES ALKEM LEBORETORIES WAL-MART COST; High cost No No Low cost Yes Yes QUALITY; Top quality yes No Consistent quality Yes Yes TIME; Delivery speed No No On time delivery Yes Yes FLEXIBILITY; customization Yes No Variety Yes Yes Volume flexibility Yes No Competitive priorities is a factors that can deliver cost, quality, time, flexibility, etc. that define satisfy by internal and external customer requirements. It also has ability to maintain existing as well as new customer demand. ( Krajewski, page no.30) The Similarity between ALKEM laboratories and Wal-mart on the basis of competitive priorities are; Low cost Consistent quality On time delivery variety ALKEM laboratories and WAL-MART has low cost, because ALKEM has its own industry to formulate many types of raw materials (granules). which is very near to product manufacturing unit and other reason that many customer in the market. Apart from this causes they have own biogas plant which produce half electricity of the total consumption. WAL-MART also has low cost priority because today market facing with too competition so they need to maintain customers and loyalty and it can only happen with provide low cost product without affecting quality. One reason for low cost is their world impact i.e. world no.1 supplier as supermarket services. Consistence quality is all about expectations of the external customers specification on the consistent basis. ALKEM laboratories provide consistence quality because they have separate quality and control department to assure about quality. So that they always keep the defect free quality parameters due to update production process after every steps of manufacturing process. WAL-MART also carry consistent quality performance for that achieve customers loyalty. It provide defect less product in the selves they cannot compromise with customers faith. WAL-MAET always monitor consistently of defectively product and manufacturing date and its expiry date. On time delivery is also an essential similarity of both company ALKEM and WAL-MART. In pharmaceutical company like ALKEM has on time delivery because it products has limited period of time, and protect market reputation so that it carry on time delivery to avoid product waste and customer unsatisfaction. Same condition is apply in WAL-MART because they also tend to fulfil all satisfaction of customers and their demand by product. ALKEM laboratories provides different types of medicines (different types of tablets, injections, dry powder syrups, liquid syrups, etc ) as per the customer requirements and demand. ALKEM laboratories has cephalosporin formulation group and antibacterial segment group that is unique variety in Indian market. WAL-MART also provides large range of variety with different brands with different products as per all types of customers considerations regarding cost, variations etc. The dissimilarity between ALKEM laboratories and Wal-mart on the basis of competitive priorities are; Top quality Customization Volume flexibility ALKEM laboratories provide top quality because ALKEM formulate cephalosporin formulation product which has high customer interaction and involvement. Customer interaction all about unique product like cephalosporin and antibacterial medicine that are only provide by ALKEM laboratories in Indian market with desired quantity, durability, hardness, etc. ALKEM product has more demanding by customers so its also one of reason to make top quality product company. ALKEM try to satisfy each and every customer with their desirable medicine (with effective and quick action without any sidefect ). Their competitive priority is a customisation. They formulate medicine depend upon the age like children (0 11 years), teenagers (12 17 years), adults (18 32 years) etc. because every does of medicine is defend by parameters quantity of quality depend on age. Medicine also characterise by design shape and test which also depend on age, for example children likes sweets medicine with small size of tablets, etc. ALKEM laboratories has large volume flexibility because they are able to expand product manufacturing capacity as per customer demand. The volume flexibility basically carry depend on demand and requirement. Comparison on the basis of CORPORATE STRATEGY Corporate strategy is a strategy which provides positions itself in its global, economic, political and social environment. In other words corporate strategy gives positioning of a corporation and the business. Corporate strategy consists with Environmental scanning, Developing core competencies ( workforce, facilities, market and financial, systems and technology ), developing core processes and global strategy. (reference:- lecture slides notes OM book by Robert Johnston 5th edition; page no 92 ) CORPORATE STRATEGY ALKEM LEBORETORIES WAL-MART Cost leadership Yes Yes Product leadership Yes No Customer intimacy Yes Yes Cost leadership ALKEM laboratories and WAL-MART both caries cost leadership. ALKEM lab use cost leadership to increase maximum share. As I discussed in above, ALKEM deliver low cost product with high quality product because they have own generate raw materials by fully automated system so they also minimize labour cost. WAL-MART has worldwide branches with no.1 position in their field so certainly market share also increase by cost leadership technique. WAL-MART has gained maximum share price in USA market by the using cot effective technique as compare with other competitors. It has variety of items with variety of price so it able to satisfy customers with effective less cost. (reference by OM book page 47) Product leadership ALKEM laboratories is a product leadership company because they are providing effective unique quality of medicine in the market by considering each different types of customers need. So cost also differ from variation in but ALKEM never compromise its quality with cost. WAL-MART does not caries product leadership because it only concentrate on how to minimize cost of the product to stand up in the service market with customer satisfaction. (reference by OM book 8th page 47) Customer intimacy ALKEM laboratories as well as WAL-MART both has customer intimacy because they both have technique to understand and maintain existing and new customers requirements. WAL-MART use measuring card so that they are able to know customer interest. ALKEM lab also use measuring chart for that measure customer interaction, this can measure yearly or half yearly. So by this technique both companies are able to find customer intimacy. PART B Critically analyze Capacity planning Capacity planning which define excess level of output in operation, process, facility etc. of any organization. Information is very much acceptable to build a successful capacity plan or decisions for an organization. Now, here I am going to critically describe timing and sizing expansions as wait-and-see strategy; Timing and sizing expansion consists with expansion strategy and wait-and-see strategy. The expansion strategy which involves large infrequent jumps in capacity that is predictable. Wait-and-see strategy which involves smaller prediction or short term prediction. This type of capacity planning is preferred by many of organization but not in all organization. wait-and-see strategy cannot be applicable in pharmaceutical (ALKEM laboratories) company, because during manufacturing medicine get expire date. so if company predict more or less during manufacturing and it cannot be sale after manufacturing than company get loss. Therefore pharmaceutical (ALKEM) company always aware about this condition and formulate product that are demanded by other parties. (reference by notes OM book Krajewski 8th ed Nigel slack 5th ed, page no 320) Inventory management Inventory is nothing but it is stock of an organization where goods or finished goods are stored . Generally types of inventory depend on different organization because it change time to time as per demand requirement, but in general there are five types of inventory. Name them buffer or safety inventory, cycle inventory, decoupling inventory, anticipation inventory, and pipeline inventory. Managing inventory is big challenge for every organization because excess inventory gives less profits but less inventory gives more profits. Now, here I am going to critically describe cycle inventory and ABC control inventory; cycle inventory: Cycle inventory is for a product that having consistent demand or supply in market. We can also say that cycle inventory is a time bond inventory which supply demand at a specified time while product available in market or not. Example weekly, monthly, etc. organization specially retailers like wal-mart to have safety stock, and avoid the use of cycle inventory to protect themselves from running out of stock of products in excess demand or any discontinuity in supply chain. That will affect the trust and reliability factor that they have with their customer`s. ALKEM laboratories also avoid cycle inventory because its demand not at a consistent level at all time by supplier or customer. For example in one week customer demand for 10 thousand tablets strips but in next week or any other week customer demand for 2 thousand tablets strips. So variation in demand cannot fulfill by the use of cycle inventory. (reference by notes OM book Krajewski 8th ed Nigel slack 5th ed, page no 396 ) Supply chain Supply chain is a network that connect firms core process it may be internal or external, like raw materials delivery from warehouse to manufacturing unit, customer and supplier relationship, etc. It provide to achieve competitive priorities. Supply chain gives the information about bottleneck process and try to minimize this concept. It also providing lower operating cost and reduce inventory. The main aim of supply chain is to meet the end customer requirements and satisfaction. Supply chain may also define as, the tier of organizations their facilities, functions, activities that are involved in producing and delivering a product or service. Now, here I am going to critically describe outsourcing; Outsourcing is a way of process by which a organization takes the services of other company or firm and pays them for their services or materials. This can be only happen when two firms has same kinds of product manufacturing. AKKEM laboratories Pharmaceutical cannot use or prefer outsourcing because it will affect the quality parameters and if the quality parameters are not matched by even very small size, the results might be very big disasters. Medicine should be more perfection because it related with our life so ALKEM pharmaceutical company never want to be compromise with customer life. For example ALKEM company has 1.000% perfection products and other one pharmaceutical company has 1.001% perfection products. So ALKEM company never want be compromise with 0.001% less perfection. (reference by notes OM book Krajewski 8th edition, page no 47) Performance Measure Performance measurement is a activity that measure whole performance of process operation. This performance objective consists with quality, speed, dependability, flexibility and financial these all are measure by composite with customer satisfaction, overall service operation level. Performance measure also concern with constraint management like inventory, throughput, operating expense and utilization of all process. By using some techniques we can find performance measurement such as Performance matrix Six sigma technique Balance score card (Kaplan and Norton) Balance score card represent whole business strategic positions. It measure past financial conditions of an organizations. The balance scorecard measurement taken with the help of Kaplan and Norton. Balance scorecard provide important information about organization strategic so, that easy to measure performance of an organization. The only benefits of this process measurement is to give performance result in a single report. fig 5. Measure used in the balanced scorecard In financial performance, it performe past measurement of profits, shereholder interest, capital market structure, etc. this gives idea to make target plane for future market. In internal process perfprmance, it measure efficiency of manufacturing production speed, employee perfomance, etc. In Learning and growth performance, it measure and try to implement technological affect, innovative work, new product development, etc. In customer performance, it tend to evaluate customer feedback, customer rate of satisfaction, etc. Now, here I am going to critically describe about Balance score card; The balance score card does not show any future aspects. It only gives the past financial aspects or can measure financial aspects along with the past financial performances. It does not indicate what problems will come or occurs in future and does not provide any solutions for those problem. Balance scorecard not acceptable by ALKEM laboratories firms because it gives past financial measurement which is not quite good to make future plane . By the use of balance score card organization or company are not able to evaluate adequate future value through investment in customers, suppliers, employees, process, technology and innovation. So this performance measurement are also not accepted by ALKEM laboratories. (Reference:- notes Operations management, by Robert Johnston page no 613) Total quality management (TQM) Total quality management is a key of success of any organization or industry. In other words Total Quality Management is a way by which any organization or industry can get more quality and assurance with the help of three main principle that are Customer satisfaction, Employee involvement, and continuous improvement. Customer satisfaction is very much important because, it is a path to that any organization can achieve high level of loyalty and product demand. This satisfaction is achieved by specification of product, values, durability, support, and mental attraction. Employee involvement is a second success key for organization or industry. In this step every employee contribute his full potential work to develop cultural change i.e. time to time modification in production, technology, new innovation, etc in every sector and build a strong team to take effective decision. Quality at source is main that describe inspect defected product and after solve and proceed it in process, where it created. Continuous improvement is an improvement that indicate performance increment which can be more and smaller. Continuous improvement is also known as Kaizen which is Japanese words. Every organizations aim is to build image in market by attractive product launch so modification is very much important with innovative machine technology by this continuous improvement organization get accelerative benefits in less time. Now, here I am going to critically describe about Quality at source; TQM is applicable for more firm but not all firm. In the case of pharmaceutical company quality at source which is part of TQM is not accepted by pharmacy company because Quality at source say that, at every step should need to provide required quality parameters without inspectors for rechecking the quality but when the matter of life death as in considerable in ALKEM pharmaceutical firm this cannot be apply. So this part of Total quality management cannot apply in ALKEM laboratories, because it necessary to make sure at every step the exact quality maintained to avoid any disaster. (reference by notes OM book Krajewski 8th ed Nigel slack 5th ed, page no 563 ) PART C Evaluating mix I have chosen wait-and-see, cycle inventory, outsourcing, balance scorecard, and quality at source in part B so behalf of these topic, Now here, I am going to evaluate its impact on ALKEM laboratories firm on the basis of Competitiveness, Innovation and Sustainability. Competitiveness It provide services and product that full fill the criteria of quality, services standards with acceptable profits. ALKEM pharmaceutical laboratories cannot prefer wait-and-see strategy because by expanding its production, it may result in over production and the product has limited self life and due to this the chances of expiring before consumption increase. So it loss the product and investment. In the cycle inventory concept, ALKEM can loss its competitiveness because in case of fluctuation in demand from market, they will not able to withstand and hence will causes customer unsatisfaction, delivery time failure and loss the customer loyalty. Outsourcing is another factor which should be avoided because it causes product quality variation but in case of ALKEM laboratories i.e. quality oriented firm, where quality is first goal. So they cannot compromise quality with cost. Balance scorecard also a part of competitiveness loss because it does not indicate future financial performance, customer target etc due to having past measurement ability. Similarly ALKEM laboratories cannot recommend qualit y at source technique because increasing the chance of quality decrease. Innovation It is idea that transfer economical cost and satisfy specific requirement. Innovation is essential, it has to be used. Innovation has great impact on wait-and-see strategy because when higher production is required in short time than innovation and technology are the key points to be used together and improved to achieve the goals by increasing machine/ process efficiency. ALKEM laboratories should not used cycle inventory, but should innovate new process which are cost effective and productive for achieving customer satisfaction and market share. In term of outsourcing company cannot develop their ability in technology and innovation field with their product because in this term company develop their product with collaborate company. So ALKEM laboratories should not use outsourcing operation that might affect in quality as well as increase in cost and result will, loss customer faith. Balance scorecard gives the measurement of past financial performance, so that ALKEM laboratories should not use this technique that affect high financial, customer and proce ss development target. New era and innovation technique use to achieve improvement and high performance and their set target. Quality at source should not use in ALKEM laboratories, here innovation play vital role that means company should inspect the protect after every process steps to find out any problems and can hence become able to innovate new process of resourcing and making sure they are not happening again. Sustainability It is way of Ability to maintain an activity or process over the long term. Sustainability is main key to identify product durability, strength, etc. it growth is depend on natural condition or resources. Now in sustainability condition ALKEM pharmaceutical laboratories should need to prefer wait-and-see strategy, because it gives predictable production, so it is a way of continuous improvement or growth that affect the economy growth during natural disaster or unwanted natural condition, but apart from environment condition wait-and-see strategy should not be applicable in ALKEM laboratories. In the cycle inventory concept, ALKEM can loss its sustainability because in case natural disaster they will not able to maintain their customer demand so that result will causes like customer unsatisfaction, delivery time failure and loss the customer loyalty. Outsourcing is another one which should need to be avoided by ALKEM laboratories because they have limited time period of product and also it causes product quality variation so that it loss durability and stren gth over a long time period. Balance scorecard also a part of sustainability loss because it does not indicate future financial growth, customer target etc that indicate how sustain in market environment so ALKEM should not be use this concept. Similarly ALKEM laboratories should not recommend quality at source technique because increasing the chance of quality decrease that are not suitable for durability condition. CONCLUSION Thus, I have studied and evaluate different operation technique use in an organisation to make and maintain effective operation. I have also analyse all different operation which is not applicable / suitable for all type of company or organisation. So after this study, I have analysed that without operation management technique, organization cannot stay in challenging market. Indeed operation management is the effective weapon. SUMMARY The aim of this task is to elaborate different concept, approach and important of management operations, which are apply or may be apply in two different organization. The description contain, Comparison on the basis of competitive priorities i.e. cost, quality, delivery speed, volume, variety, etc. and corporate strategy i.e. customer relationship, product development, service modification, order maintain, etc. Apart from comparison this description also elaborate different theoretical concept and its evaluation and impact such as capacity planning, inventory management, supply chain, performance measurement, and total quality management. evaluation impact description based on new era and environment.

The Link between Sports and Success in Death of a Salesman and Fences E

The Link between Sports and Success in Death of a Salesman   and Fences Sports have become one of the most dominant elements in society. Today sports are an integral part of lifestyle, entertainment and leisure. Sports have become an outlet for success and prestige. The recurring emphasis on sports appears in both Arthur Miller’s Death of a Salesman and August Wilson’s Fences. While Death of a Salesman portrays sports as a means to popularity and subsequent success, Fences portrays sports negatively, discouraging sports, in spite of an unmistakable talent.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Miller’s Death of a Salesman is the tragic account of the demise of a meager salesman, Willy Loman. Willy is passively nearing the end of his career and life. His two sons, Biff and Happy show little remorse or pity for Willy, despite his obvious senility. When Biff borrows a football from his coach to practice passing, Willy encourages him: â€Å"Coach’ll probably congratulate you on your initiative!† (Miller 30). Willy erroneously praises Biff, not realizing that such affirmation could deceive Biff. Later, as Biff awaits an appointment with a prominent businessman, he feels compelled to steal his fountain pen, â€Å"I don’t know, I just—wanted to take something†(Miller 104). Such incidents set a precedent for Biff, eventually leading to his lackluster professional status. Willy once again deludes Biff as he mistakenly deters him from his studies. When Bernard reminds Biff, that in order for Biff to graduate, he must study his math, Willy initially agrees and encourages Biff to study: â€Å"You better study with him, Biff. Go ahead now†(Miller 32). When Biff confidently shows Willy his sneakers, on which he printe... ...troubles with theft persist. On the other hand, Cory joined the marines and has advanced to corporal.   As Miller and Wilson revealed, athleticism is not always analogous with success. Willy regarded Biff highly because he observed Biff’s presence and athleticism, and he believed these qualities would result in immediate success. Today many parents associate sports with success and therefore pressure their children to excel in sports. In today’s society it is very rare that fears of discrimination would cause children to not pursue a lucrative career in sports. Both Miller and Wilson knew the impact of sports on family dynamics, and how sports have evolved from a leisure time activity to a full-time commitment. Clearly, many of the qualitative aspects of sports--competition, teamwork and physical dexterity can contribute to being a success in almost any career.

Practical vs. Supernatural in The Hound of the Baskervilles Essay

The novel The Hound of the Baskervilles is written by a British author, Sir Arthur Conan Doyle. Doyle was born in Edinburgh, Scotland in 1859. Following â€Å"nine years in Jesuit schools, he went to Edinburgh University, where he received a degree in medicine in 1881. He then became an eye specialist in Southsea, with a distressing lack of success† (Doyle 1). Doyle’s financial letdown in Southsea created a need for an alternative way for him to generate profit, so he became an author. In the first of his many stories A Study in Scarlet, Doyle brings Sherlock Holmes to life; he is a detective and the protagonist of the story. Doyle’s inspiration and idea for an observant detective came from Dr. Joseph Bell of the Edinburgh Infirmary. Dr. Bell had brilliant powers of observation, analysis, and inference. Doyle’s story was rejected several times before a British publisher bought it for  £25 (Doyle 1). â€Å"From early on, the worldwide popularity of Holme s annoyed his creator, and with a cause: the detective’s adventures, wonderful as they are, tended to overshadow everything else Conan Doyle wrote† (Dirda 42). Doyle eventually becomes so weary of Sherlock Holmes that he chose to kill off his character. However, Doyle had to later resurrect Holmes’s character due to popular demand for additional stories (Doyle 1). It was while playing golf one day, Robinson told Doyle a story of an ancient tale about a hound that haunted Dartmoor; â€Å"he was so inspired by this local legend that he resurrected Holmes, whom he’d killed off eight years earlier, in The Final Problem, at Switzerland’s Reichenbach Falls† (Cook). According to a 1996 article from New Statesman, â€Å"For well over 100 years, the great sleuth of Baker Street has been a staple of our imaginati... ... Doyle is cherished as the creator of one of the best-loved detectives in English literature--but his talents as an author ranged far and wide, from science fiction to swashbucklers.† New Statesman [1996] 7 Nov. 2011: 41+. Academic OneFile. Web. 11 Apr. 2012. Doyle, Sir Author Conan. Sherlock Holmes The Hound of the Baskervilles. England: First Signet Classic Printing, 1986. Print. Sangeetha, K. â€Å"Kinesics in Arthur Conan Doyle.† Language In India Nov. 2011: 694+. Academic OneFile. Web. 11 Apr. 2012. â€Å"The Hound Of The Baskervilles: A Sherlock Holmes Graphic Novel.† Publishers Weekly 256.34 (2009): 49. Academic Search Premier. Web. 11 Apr. 2012. â€Å"The Science of Sherlock Holmes: from Baskerville Hall to the Valley of Fear, the Real Forensics Behind the Great Detective's Greatest Cases.† Science News 29 Apr. 2006: 271. Academic OneFile. Web. 11 Apr. 2012.

Essay --

The way that each individual interprets, retrieves, and responds to the information in the world that surrounds you is known as perception. It is a personal way of creating opinions about others and ourselves in everyday life and being able to recognize it under various conditions. Each person’s perceptions are used as a kind of filter that every piece of information has to pass through before it determines the effect that it has or will have on the person from the stimulus. It is convincing to believe that we create multiple perceptions about different situations and objects each day. Perceptions reflect our opinions in many ways. The quality of a person’s perceptions is very important and can affect the response that is given through different situations. Perception is often deceived as reality. â€Å"Through perception, people process information inputs into responses involving feelings and action.† (Schermerhorn, et al.; p. 3). Perception can be influenced by a person’s personality, values, or experiences which, in turn, can play little role in reality. People make sense of the world that they perceive because the visual system makes practical explanations of the information that the eyes pick up. With each of our senses (sight, smell, touch, taste, and hear), information is transmitted to the brain. Psychologists find it problematic to explain the processes in which the physical energy that is received by the sense organs can form the foundation of perceptual experience. Perception is not a direct mirroring of stimulus, but a compound messy pattern dependent on the simultaneous activity of neurons. Sensory inputs are somehow converted into perceptions of laptops, music, flowers, food, and cars; into sights, sounds, smells, taste ... ...ory seems to be based on the perceivers working under the ideal circumstances, where stimulus information is plentiful and available for an appropriate length of time. Gregory’s constructivist theories have typically involved viewing under less than ideal conditions. We understand and see things not as they are, but as we are and see them to be. The world can be compared to an illusion by not always being able to see things as they are. It is the choice of the human brain whether to understand things. Naturally, each mind is different and is meant to perceive things differently. While growing up, our family, education, and experiences impact our mind and persuade each of our opinions and alter perceptions of everything we do. Our perception becomes the basis of our future. As we grow older, learn new ideas, and experience new things, our perception can be changed. â€Æ'

Acer Group

The Acer Group Acer global mission statement â€Å"fresh technology enjoyed by everyone, everywhere†. The Acer group allied with other companies is globally one of the largest Manufacturers for PC, computer parts. Mobile computers, network server components etc†¦ Starting in Taiwan, Acer was the market leader in thirteen countries around the world and ranked top five in thirty countries globally.With more than 120 enterprises in 44 countries, supporting dealers and distributers over 100 countries, 23,000plus employees around the world excl Taiwan, , US$500million operation in OEM manufacturing, Concentrating on the 3E market- education, entertainment, e-commerce with all its abilities Acer truly made itself a Global Organization, in 1997. Working with Acer Operating independently, yet working together was one of the features of the Acer Group. Decentralization in organization allowed the Acer employees to become responsible in decision making process.The senior management however tried to preserve the concept of â€Å"Symbiotic common interest†, assuaging any difference of opinion and consolidating them, and keeping up the centralized core. The Acer group had a long term vision to transform as a high-tech global corporation, hence taking a smart step to enter foreign markets by allying with the local distributors, retailers, suppliers, Managers, labor etc. Every region has its own need in case of electronics; Acer kept up to the local needs and customized their products accordingly.A local touch was achieved by Acer with every person associated with be it the customer or supplier or its own employee. The Acer aimed at expanding its manufacturing globally, by setting 17 plants in different countries. However it faced the difficulty in transportation of the materials or assembled parts due to various custom restrictions in each region. Different countries applied ISO regulations independently. Certain times these made it difficult for the Acer to continue the traditional way of working as they had planned.The most affected area was the inventory at the global level. It was difficult to predict the inventory level in the market with rapid changes happening around, moreover the product supply was far away. It was now necessary to set up a centralized kitchen to each production unit to reduce the freight and material handling costs. Hence it adopted the ‘Fast Food Model’, wherein the perishable and non-perishable goods were handled and transported separately as per their need. The inventory turnover was however now reduced to half once the fast food was implemented.Each production unit now had its assembly plant, developed R&D, which helped them in shortening the time and cost of component production to delivery. The quality of service they provided was of the foremost importance. Exploring Chinese Mainland Acer wanted to secure a firm footing in the niche market. After suffering the losses in 1996-97, Acer real ized that to win over the large markets it has first capture the smaller surrounding the larger ones. The big markets like Japan and USA had so many competitors trying to find its place that it was impossible for Acer to step in or sustain.However Acer tried entering USA, facing a big time loss. This Failure motivated the Acer to apply the â€Å"Go† Game philosophy of the WAR. Capture the villages to win over the cities. Hence seeing immense scope in the mainland Acer had plans to set up the unit in the Mainland. The Acer Group assumed that being aware of the Chinese culture and ethics would make them easy to establish in the mainland, however the reality was not very pleasing. Initially the political issues between china and Taiwan since the World War II were the major concern.Neither did Taiwan Govt. allowed the invasion of Acer in China mainland, nor was China willing to welcome the setting of Acer in the mainland. However, later after few years in 1998, Taiwan opened its port for Chinese materials; china was still reluctant to do so. Every exchange of goods happened via the south port of china which increased the freight cost. The manager at Acer still thinks moving to china is a good decision as the political issues seemed to be sorting out to some extent as well the WTO granting them membership.Moreover he assumes to see immense resources which could ascend them to their destination. Yet again, there stood another problem the human resources. Though Taiwan and China are closely related traditionally both share complete different work cultures and ethics. The labor in china though was cheap; no guarantee was given about the reliability. No family bonding, no tax incentives, nothing worked. Moreover, the Taiwanese workforce, whether the manager or labor was reluctant to relocate; reason- safety issues, status and standard of living, higher level of education in Taiwan, ocial living which were genuine! Finding reliable, efficient, skilled work force another major issue Acer has to deal with. Discussion China is emerging country in manufacturing. It possesses abundant resources that could catalyze the success of any growing manufacturing industry. The case study indicates about the plans of Acer as well the problem they are facing implementing it. The sales exhibit shows the drop downs of the company during 1996-97. Reason: move to bigger markets in its first step rather taking smaller ones.Hence capturing the niche is surely a wise decision. China has immense resources in terms of land, workforce, etc. Major PC manufacturers now realized the advantages of moving the plants to china, being among the first ones and nearest ones, Acer should not leave the opportunity of growing, for some hurdles across their way. †¢The Acer groups seems to lack with the international expertise from the previous experiences, networking is important in supply chain;they should associate with the locals to understand work culture of the Chinese labors, the incentive policy.Acer has been hiring the locals, and should follow the same and not force the Taiwanese to relocate. †¢However the senior management will have to relocate, in need of a skilled employee who can centralize the autonomy within each plant. The Taiwanese managers however can be provided with better social living facilities, relocation incentives that could maintain their standards. †¢Setting a plant in sparsely industrialized region, closer to east coast. More employment for the locals- cheap labor plus ready to learn. Maximize information flow; minimize material flow between Taiwan and China to avoid Political conflicts and custom issues by utilizing resources within. †¢Not many major PC manufacturers have their units in China, Setting a unit in China will help Acer to invade Asian and European countries. Reducing operation and transportation efforts and cost. To overcome the past loses, Changes in organizational working is necessary, hence r isk is inevitable! Acer to manufacture in China?! (Review)

Political Issues with the Current Immigration Essay

â€Å"In the wake of the Civil Rights Act of 1964, Congress passed the Immigration Act of 1965. This new law abolished the national origins quota system and barred racial considerations from expressly entering into decisions about immigrant visas; it also imposed for the first time a ceiling (120,000) on migration from the Western Hemisphere.† (Johnson, 2006). Historical Framework for the Issue of Illegal Immigration Towards the end of the 19th century, Congress passed the first immigrant exclusion law restricting criminal and prostitutes, and followed up with the Japanese, Asian and Chinese. Even with this law in place the immigration still reached a record high of 1.3 million personnel in 1907. In 1965, Congress then passed the Immigration and Nationality Act amendments that ended the quota and initiated the concept of family sponsored immigration. In 1987, Congress enacted the Immigration Reform Control Act (IRCA) which authorized two programs to identify and legalize illegal immigrants who are able to document their entry into the U.S. prior to 1 January 1982 (America.gov Archive, 2003). The immigration migration is a phenomenon of crucial importance to the United States as long as the immigration guidelines and procedures are followed, but with the vast number of amendments being reconstructed and enacted by Congress, on almost a daily basis this put additional strain on our border patrol, g overnment agencies, and our military forces who have been tasked to assist in the protection of the U.S./Mexico border alongside the local police officers. On October 1, 2004, Mr. Jim Gilchrist, U.S Vietnam Marine veteran, founded the multi-ethnic Minuteman Project after he had been frustrated dealing with the United States Government to enforce the immigration laws. The Minutemen, who formed the name from militiamen who fought in the American Revolution, has described themselves as â€Å"a citizen’s neighborhood watch on our border†,  and have continued to get the media attention on dealing with the illegal immigration issue plaguing the United States. The Minutemen organization has portrayed more of a negative connotation rather than the positive that they had initially strived for. On May 25, 2005 there was the Garden Grove Incident dealing with protestors. On October 4, 2006 they had the Columbia University incident where their stage was stormed by student protestors. The T-Shirt incident on April 6, 2005 in which minutemen had an old man poses with a racial discrimination T-shirt, and in August 2007 there was a fake murder video published by the organization (Sanchez, 2011). Even with this negativity, on April 28, 2005, California governor Arnold Schwarzenegger praised the Minutemen Project on a Los Angeles radio station KFI. The issues of the constant illegal immigration border crossings, violence and murders on the borders of the immigrants and law enforcements officers, the immigration laws will continue to be pushed through Congress in order to keep our borders safe and ensure the diverse cultures visiting the United States are entering with the appropriate documentation instead of through the desert with a backpack, bottles of water, and for some, with bags of drugs. Is the Media Portrayal of biased or unbiased Illegal Immigration? On October 6, 2010, Janet Napolitano, Secretary of the Department of Homeland Security, announced that record numbers of deportations of criminal aliens, declaring that these figures have demonstrated that President Obama’s administration is focused on enforcing our immigration laws that prioritizes public safety a nd national security. One of the political issues on July 7, 2011, according to Treasury Inspector General for Tax Administration (2011), a memorandum was published entitled â€Å"Individuals Who Are Not Authorized to Work in the United States Were Paid $4.2 Billion in Refundable Credits† which is also the entire product of the Additional Child Tax Credit (ACTC) for the 2010 tax processing year (Impact on Taxpayers). Illegal immigration laws that are in place are not only bottlenecking the system, becoming costly to taxpayers and increasing the deficit, but the ranchers along the border are either having the illegals trespassing onto their land, destroying their fence line along the property, and on a few occasions ranchers have been killed. Mr. John Ladd, a rancher on the Southern border of Arizona, has a ranch sprawling over 14,000 acres between Mexico border and state highway 92. His ranch is the major corridor  for the smuggling of drugs and human beings into the United States. The border pat rol makes frequent arrests on the ranch, but most of those are released back into Mexico where they regroup and try again until they are successful (Gisorg, 2010). On average, one mile of border fence costs US taxpayers $4 million. Is it worth the expense? The measurements of this fence is 21 feet (6.4m) tall and 6 feet (1.8m) embedded into the ground, and cemented in a 3 foot (.91m) wide trench. With all of this material, manpower, monetary cost and security, on December 16, 2010, a video was shot showing two young American students visiting the border and on their first try, these girls made it to the top of the fence in less than eighteen seconds. How much time do you think it will take if you visit the beach of Tijuana and just swim out to the fence line and cross over? Does the public’s perception encourage or discourage prejudice, labeling or stereotyping? There are media commentaries that intentionally sensationalize the story being reported; it all depends on where their station ratings stand. Even unintentional biased reporting can be portrayed depending on what the listener’s views are on immigration. I cannot justify what their true intentions are, but as a viewer there are times when my perception is that they are not telling the full story, or the story is biased to the side of the populace majority. One of the best media outlets I’ve come across depicting the conflict between bordering countries was by the Coca-Cola Corporation. Two guards who are patrolling their border, walking back and forth along a stretch of about 15 feet with hatred and discontent showing on their faces not uttering a word. What brought these two cultures to a brief truce was a 16oz bottle of Coca-Cola (Gisorg, 2010). Even In the portrayal of the movie ‘Borders’ which depict the immigration issues with Mexico and the United States. Chris Burgard’s award winning television series takes an impartial look at the agonizing and complex issue of our southern U.S. border. This film fosters debate, open discussion, and hopefully a more balanced outlook towards a national problem that has polarized our nation.† (Rick Dixon, Star Tribune, 2011). During the viewing, you may perceive that all Hispanics are probably in this country illegally, drug runners or coyotes. This actually encourages hatred of most Hispanics because they are perceived the same as terrorist in this land. This show demonstrates how individuals should be fighting again crime and illegal immigration of all  types, and the question you should be asking yourself is if you believe in your government, and what is the true border between justice and crime. Does this issue affect the U.S. economy and labor force? Presently illegal immigrants arriving into country are taking advantage of the job workforce that average Americans deem beneath them. They are willing to take on those jobs that we perceive as demeaning, and underpaid. Due to this immigration issue, the United States, as paid over $4.2 billion dollars towards labor for the illegal immigrants and over $100 billion each year on medical, housing and education. According to the Arizona state treasurer Dean Martin, they are losing between $1.3 and $2.5 billion each year on illegal immigrant on incarceration, education and their families. This does not account for the legal services that are provided through the court system. As a manager, what inclusion strategies would be implemented? When dealing with the issues of illegal immigration and the media coverage as a manager, there are strategies that can be utilized to foster a collaborative working environment for employees. Coordinate with Human Resources to schedule diversity and equal opportunity training, plan a quarterly cultural luncheon/potluck, and during each holiday ensure there are decorations representing every culture in your organization and allow those individuals to explain what each trinket means. When dealing with stereotyping, encourage employees to ask questions concerning that cultural difference they don’t understand or have perceptions about. Most organizations will have a media device placed in the office, and employees will hear of negative connotations dealing with the diverse groups around the United States. If listening to these stories makes you stop and think, then it will also make you wonder about that culture. Not all individuals in are the same, and not all cultures are radical, illegal immigrants or a threat. Conclusion The media is the media is the media. As long as there is conflict it will be reported to the masses. Illegal immigrants and immigration laws are tied to the hip and will always be part of society and culture. Unless the United takes a lesson from the 1981 television show called ‘Escape from New York’,  produced by John Carpenter, place a twenty-five foot solid cement wall that is fifteen feet thick around the state. There will always be illegal immigrants either from Mexico, Cuba, and other countries seeking domicile in the United States. References America.gov Archive. (2003). The Immigration Act of 1965. Retrieved from http://www.america.gov/st/educ-english/2008/April/20080423214226eaifas0.9637982.html Canoy, M., Beutin, R., Horath, A., Hubert, A., Lerais, F., Smith, P., & Sochacki, M. (2006, September 10). Migration and public perception. Retrieved from http://ec.europa.eu/dgs/policy_advisers/publications/docs/bepa_migration_final_09_10_006_en.pdf Gemano, R. P. (2010, December 16). 2 Girls Undermine US Border Strategy in Under 18 Seconds [Video file]. Retrieved from YouTube website: http://www.youtube.com/watch?v=XHjKBjM1ngw&feature=related Gisorg. (2010, August 9). Gaming the Border: A Report from Cochise County, Arizona [Video file]. Retrieved from YouTube website: http://www.youtube.com/watch?v=iRof_dizXH4 Johnson, K. R. (2006). The History of Racial Exclusion in the US Immigration Laws. Retrieved from http://academic.udayton.edu/race/02rights/immigr09.htm Morgenstern, M. (2011). TheBlaze. Retrieved from http://www.theblaz e.com/stories/govt-audit-illegal-immigrants-received-4-2-billion-in-tax-credits-last-year/ Pemberton, J. S. (2011, February 3). Coca-Cola Border [Video file]. Retrieved from YouTube website: http://www.youtube.com/watch?v=k-STkFCCrus Sanchez, C. (2011). HATEWATCH. Retrieved from http://www.splcenter.org/blog/2007/08/13/new-video-appears-to-show-vigilante-border-murder/ Treasury Inspector General for Tax Administration. (2011). Individuals Who Are Not Authorized to Work in the United States Were Paid $4.2 Billion in Refundable Credits. Retrieved from http://Individuals Who Are Not Authorized to Work in the United States Were Paid $4.2 Billion in Refundable Credits

Hrm About Alibaba

1. Introduction Alibaba Group is the world's outstanding business-to-business e-commerce service company, which provides an efficient online trading platform for buyers and suppliers all over the world. It is China's largest e-commerce group which was founded by Jack Ma in 1999, and has developed into seven affiliated groups, namely Alibaba International Business Operations, Alibaba Small Business Operations, Taobao Marketplace, Tmall. com, Juhuasuan, e-Tao and Alibaba Cloud Computing (News, 2012).Besides, Alibaba Group has more than 24,000 employees in 70 cities which scattered in China, India, Japan, Korea, the United Kingdom and the United States (News, 2012). This report will focus on analysis for Alibaba Group's human resource management, in order to reply the demand of its future developments. 2. Background to the case study organization Alibaba Group has  taken a hit as a result that a part of its employees were guilty of online fraudulent activities and irresponsible short- term profit.The announcement of the company showed that nearly 100 employees including sales staffs, manager and supervisor, had conspired to the fraud by deliberately helping fake suppliers in China to register with avoiding the company scrutiny and allowing them to defraud oversea buyers on the Alibaba’s international website (Nytimes, 2011). Surprisingly, these allegedly fraudulent online shops account for 1. 1% and 0. 8% of Alibaba’s ‘Gold Suppliers’ signed up during 2009 and 2010 respectively, which has impacted on the company value and produced a shock to mass beliefs (Economist, 2012).Thirteen people were sentenced ranging from eight months to three years in jail after conspiring with suppliers to gain illegally around RMB 500,000 yuan in this online fraud (Nytimes, 2011). 3. Outline of People Management Issues This issue related to the credibility of  Alibaba is directly due to the internal defects in management, the lack of inside supervision an d few controls of the internal culture. Moreover, the deep-rooted reason should be the problems of its human resources management. Lacking of a set of scientific and effective control and management system cannot guarantee the mplementation of building both core value and enterprise culture of Alibaba. Therefore, the outline of this report about the human resource management issue behind the online fraud of Alibaba is as follows. On the one hand, the management and supervision system has problems. Alibaba Group has not supervised the management in the process of dealing with related complaints about fraud happened between 2009 and 2010, even though some suspected online trading accounts had been deleted and specific inquiries of its international market transaction had been conducted since the beginning of the third quarter in 2010.It appears that in this issue managers ignored fraudulent behaviours behind the performance-chasing. However, in the statement said by Mr. Ma, it was not allowed to violate business honest principal or the basic line of company values (BBC, 2012). Although managers in Alibaba Group have to take responsibilities for the consequences, it cannot be denied that the fraud fully exposed that the lack of internal control, especially the supervision and administration of the management, is one of reasons lead to exacerbate the situation.Additionally, the event of online fraud has been doomed from the start to some extent. With the accelerating pace of internationalisation, the number of employees which rapidly increased from 11,700 in 2009 to 24,000 in 2012 has become a significant challenge that threats the development of Alibaba Group (Hua, 2012). However, weak awareness of the human resource control among Alibaba Group’s executives sets the stage for this online fraud scandal in China. On the other hand, the company may not satisfy the physical and emotional need of its employees.Both the greedy desire and the psychological imbala nce are the internal reason behind the problem. 4. Analysis (linked to HRM theory) There is always a kind of psychological motivations behind any subjective action, and the online fraud scandal of the Alibaba Group is no exception. This report will start the analysis from the view of internal motivations and then moving to the external causes. 4. 1 Internal reasons According to the perspective of Abraham Maslow who is well known for the hierarchy of needs theory, the pattern of behaviours based on individual needs (Poston, 2009).The following are psychological requirements which could associate with the fraudulent behaviours of officers at Alibaba in term of the greedy desire, the psychological imbalance and herd mentality. 4. 1. 1 The greedy desire It is difficult to satisfy individual demands because everyone would move to the next more advanced platform of the hierarchical pyramid that Maslow created frequently once the prior need is met, especially in modern society.Meanwhile, w hen setting Maslow’s model into the business to understand the motivation behind employees’ behaviours, it is not amazing to find that there are also have similar five levels of needs which including wages, safety, social belongingness, self-esteem and finally self-actualization. Maslow and Stephens (2000) have posited out that individuals will not spend an inordinate amount of time to think about their salaries if they are fairly paid. After being paid adequate salary, employee seeks safety physically and mentally on the jobs.And then the stage of needs moves to the third level subsequently-seeking social belongingness in the workplace. Although the working environment is always full of stress and difficulties, training provides opportunities for employees to improve themselves and contact with new people which could help them to fit in. Until the employee make themselves comfortable among different working relationship, it will not allowed to access to the hierarchy stage of self-esteem and self-actualization respectively.Unfortunately, after employees have been satisfied with all these five levels of needs, the worldview, philosophy and value view of them will be generally changed in a climate of corruption. With the early success of corrupt deals by heads of the sales department at Alibaba, they would have an addictive sense of satisfaction and accomplishment which lead to those guilty behaviours for greater interest repeat again and again naturally. In Skinnner’s reinforcement theory, Skinner (1984) has drawn attention to the fact that appropriate reinforcement based on public consequence may influence verbal response.It means that individuals would reinforce a kind of behaviour once its consequence benefit to them. Therefore, it makes sense that managers at Alibaba will help to defraud if dynamically taking managers’ greedy desire into consideration. 4. 1. 2 The psychological imbalance Employees of equal position and qualifica tion serviced in the parallel department with the same salary may have  quite different perceptions of the fairness. When they perceives the disparity between the inputs and the outputs,  different responds will be excepted in various ways, including de-motivation, reduced effort, becoming disgruntled and even disruptive.According to the Equity Theory of Adams, an individual will perceive the ratio of inputs to the outcomes depend not only on the absolute value but also in the relative value in order to measure whether himself or herself is treated fairly or not (Adams et al, 1976). This can be illustrated by the following equation: Individual’s outcomes/individual’s own inputs = relational partner’s outcomes/relational partner’s inputs (Adams et al, 1976). Equity is considered when this ratio is equal. While if this ratio is unequal, it leads to ‘equity tension’ which was called the negative tension state by Adam (1976).Meanwhile, it wil l motivate him or her to do something to relieve this tension. Therefore, it is why some leading cadres at Alibaba Group may feel unbalanced and help to defraud which negatively impact on the credibility of the company. With the rapid expansion of international business scale in the development of Alibaba Group, they consider their contribution to the company is greater than the return. As a result, corruption was caused secretly by the combination of selfish desire and power without supervision. 4. 2 External reasons 4. 2. 1 OpportunityThe officers participated in the fraud are almost from a high-powered job position in Alibaba Group and own important resource and privileges in the company. Therefore, it is easy for them to commit a crime with close interest people once they are lured by short-term profits. 4. 2. 2 The lack of control and management system It is not just incorrect psychological requirement or the unsound political system is blamed for breeding corruption, the lack of core value and culture control of the company is one of the significant factors which could not be ignored.The development of supervision before the event, at present and after the event all depends on the growth of the enterprise culture. Thus, if the pre-supervision runs into a problem, it represents the failure in enterprise culture management. There are six core values guide Alibaba Group’s operations and operate its culture, which including customer first, teamwork, embrace change, integrity passion and commitment (News, 1999). However, it is difficult to transform corporate culture into practice to some extent.Meanwhile, with the rapidly increased number of employees in Alibaba Group, the previous culture management has to further improve. Organizational culture diagnoses and cultural audits, for example, can give an accurate picture of an organization’s current management system (Mason, 2012). 5. Critical Reflection on group presentation Because our group has not given the presentation to the class, I could just conclud some limitation about the analysis of this report. Due to the theories of human resource management are not fully understood, the analysis of the case study about the Alibaba Group is not in-depth and incomplete.Moreover, the report has only provided superficial explanations of the issue because of the insufficient knowledge of Alibaba Group and the limitation of those methods linked with. Besides, the recommendations have not taken everything into consideration. They are too abstract and theoretical that are not seen as scientific, feasible suggestions in practice. However, analysing the issue of human resource management in the view of psychology is an innovative point of this report. 6. Recommendations 6. 1 Strengthen job rotation system in the key positionAlibaba Group should strengthen the job rotation system to avoid the corruption, especially in some key positions. According Shalley and Oldham (2004), employees wi ll have job burnout of different extents as well as reduction of creativity after 6 years working in the same position. However, if the company could do the job rotation periodically and provide support to any employees transitioning out of the company, the situation will be changed as it not only prevents managers from increasing spheres of influence, but also gives opportunities to employees to gain experience in their professions. 6. 2 Establish the mechanism of risk managementRisk management of all positions in the internal enterprise is an important part of the management system. Alibaba Group should clear the level of risk in different position and establish an internal regulatory system which includes ‘peer review’ mechanism, department regulatory system, internal audit and external audit mechanisms to ensure mutual supervision avoid unnecessary credit losses. 6. 3 Establish psychological management mechanism It is necessary to give psychological training program me at least once a month for intensifying the efforts of anti-corruption and enhancing the management of core value and culture in Alibaba Group.Besides, relevant department would better assign a special supervisor to investigate the staff on suspicion of corruption. 6. 4 Improve the mechanism of incentives and restrictions Alibaba Group should keep its employees hold the sense of crisis and responsibility and correct the psychological imbalance at the same time, such as using gaming-style leader boards to encourage internal competition or offer appropriate prizes to the most successful one. 6. Improve the standard system of selection and appointment Alibaba Group should try to improve the standard system of selection in order to ensure the person employed has higher organizational commitment. Additionally, it is necessary to introduce different kinds of methods of personal testing and assessment which combine the enterprise culture into the evaluation. References Mason, K. (2012). Informing a new business-to-business relationship: Corporate identity and the emergence of a relationship identity. European Journal of Marketing, 46 (7), p. 684-711. Poston, B. (2009). Maslow’s Hierarchy of Needs.The Surgical Technologist, 8 p. 348-353. Available at: http://www. astd2007. ast. org/publications/Journal%20Archive/2009/8_August_2009/CE. pdf [Accessed: 03 Nov 2012]. ADAMS, J. S. , BERKOWITZ, L. , ; HATFIELD, E. (1976). Equity theory: toward a general theory of social interaction. New York, Academic Press. Bbc. co. uk (2011). BBC News – China arrests 36 for fraud on Alibaba and other sites. [online] Available at: http://www. bbc. co. uk/news/business-13986308 [Accessed: 1 Nov 2012]. Economist. com (2012). An online-fraud scandal in China: Alibaba and the 2,236 thieves | The Economist. online] Available at: http://www. economist. com/blogs/newsbook/2011/02/online-fraud_scandal_china [Accessed: 05 Nov 2012]. Harpercollins. com (2008). Browse Inside In Search of Excellence: Lessons from America's Best-Run Companies by Thomas J. Peters, Robert H. Waterman, Jr.. [online] Available at: http://www. harpercollins. com/browseinside/index. aspx? isbn13=9780060548780 [Accessed: 09 Nov 2012]. Hua, T. (2012). Alibaba and the 2,236 thieves. Business Management, Iss. 5 p. 12-13. MASLOW, A. H. , & STEPHENS, D. C. (2000). The Maslow business reader. New York, N. Y. , J.Wiley. News. alibaba. com (2012). Alibaba Group. [online] Available at: http://news. alibaba. com/specials/aboutalibaba/aligroup/group_news. html [Accessed: 02 Nov 2012]. News. alibaba. com (1999). Alibaba Group. [online] Available at: http://news. alibaba. com/specials/aboutalibaba/aligroup/culture_values. html [Accessed: 05 Nov 2012]. Nytimes. com (2011). David Wei and Elvis Lee Quit Alibaba Amid Fraud Inquiry – NYTimes. com. [online] Available at: http://www. nytimes. com/2011/02/22/business/global/22alibaba. html [Accessed: 02 Nov 2012]. Shalley, C. and Oldham , G. (2004).Th e Effects of Personal and Contextual Characteristics on Creativity: Where Should We Go from Here? Journal of Management, 30 (6), p. 933-958. Skinner, B. (1981). Selection by consequences. Science, 212 (4507), p. 501-504. Skinner, B. (1984). The operational analysis of psychological terms. Behavioral and Brain Sciences, 7 (4), p. 547-553. Available at: http://web. comhem. se/u68426711/rft/Skinner%201945%20The%20operational%20analysis%20of%20psychological%20terms. pdf [Accessed: 06 Nov 2012]. SUZANNE, B. And STEPHEN, D. (2003). Understanding and motivating health care employees:

Mergers and Acquisitions in Australia

A merger is one of the forms of business combination. A merger is the joining together of two or more companies for a common goal (Schencke, 2007). It can be in the form of vertical integration, Horizontal integration or diversification. Consider the case of manufactured food (bread) company: we have the flour  Ã‚   company, the bakery and a butter company.If the bread company acquires the flour company that would be vertical integration; this may be more comprehensive and risky . The management is highly involved because of the procedures involved and consequences too. This is a backward integration because it will be merging with the supply source. It might lead to restricted supply of raw materials hence inflexibility.If the bread company starts producing cakes that would be horizontal integration; this might be considered necessary in order to have a more product line whereby their consumers will now be able to enjoy more quality products from the same company. This will enable a particular bread company deal with its competitors because a variety of commodities will be available to them.The company will also command a more market share because most of its products will dominate the market. High market share determines profitability because the Total sales figure has a factor of units and sales are directly proportional to the profit margin. The particular bread company therefore becomes a market leader and enjoys all the economies of scale. High volumes can be produced at low costs and therefore the company becomes a market leader in the industry. The company can now have efficient pricing policies for the different commodities that it is offering in the market.If the bread company starts producing butter to match with its quality of bread then that would be market diversification; This results in increased market capitalization which is very healthy for a company in the industry. This kind of expanded production line may be risky and uncertain because v ery little is known about that particular product line. This may call for comprehensive research, which might be costly for the holding company. Demand and supply factors of that particular company need to be understood and analyzed keenly to determine the future of such an operation and how relevant it might because this is a complimentary commodity.Merger or an acquisition leads to lack of competitiveness and would have a high Herfindahl index. Industry concentration is also affected. In the case study above, one has reduced players in the industry due to mergers. Therefore we find that there’s no competition due to acquiring of a supply chain, producing related commodities or even engaging in the production of complementary goods. Market diversification results to company being able to control its prices for the different products it has with changing the profit.This shows that market forces do not determine prices and completion is at different levels. Some companies also become market leaders and may decide to lower its prices in the market at the expense of other companies. The fact that a company can acquire a supply chain is harmful because this may limit resources/raw materials to other companies with in the industry or supply at inflated cost. A prices control board should therefore establish to deal with this. Some companies may be forced to quit production and this may lead to monopolies in the industry, which may not be healthy.Motives for mergers include:Synergy; The expected synergy determines the purchase price for the acquiree. Synergy is the combined power of a group of companies when they are working together which is greater than the total power achieved by each working separately. Synergy can be operating synergy or financial synergy. Operating synergy includes economies of scale and economies of scope, by merging firms are able to receive huge discounts due to high volumes of production and this results in high profits, this means high price of shares and high market capitalization.Owning of supply channels means constant supply of raw materials without delays and control over the prices. This indicates low cost of production and increased profits. Being a market leader may result into a monopoly and this means enormous profits. Discounts can be offered to customers and result in high sales due to high volumes. All these work to the advantage of the acquirer. More shareholders due to improved earnings per share lead to more funding and adequate cash flows are available. Synergy can’t be compared to international expansion, which is slow. Merging is with firms already operating and with the required recourses so no lag periods experienced which might hinder the growth and development of a company, which negates the image to the shareholders and other interested parties.There might be need to expand to another geographical location. The acquiring firm will look for firms in operation at that location to merge with in order to fasten the catch period which normally due to lack of knowledge of business operations at that particular area and business smartness required. Horizontal integration in this case will be necessary. This might be after researching and identifying a possible business location. Suppliers will also be considered in this case. Financial synergy is however more questionable due to the uncertainty of business operations.Merging may be for the need to grow and develop. This can be internal or external.. Internal growth can be slow and uncertain because the company doesn’t have past business experience on a particular field. Outside expansion leads to diversification and market capitalization is improved. Growth of a company in the industry tracts more shareholders to the company and therefore funds for financing business operations are adequate. This leads to market leading and high volumes are sold bringing about high profit margin.Merging may be due to the p ride of the management team of the bidder company. The management may want to associated with all players in the country that are performing better. This will be a way for the management to market itself and therefore the same directors can be restored at the next annual general meeting. The management might have been watching the firm to be acquired and may have an idea of corrections to be made in order to increase perfection.They may w ant to acquire a firm that is just about due to liquidity issues, restore its operations and hence cash flows. They therefore be associated with the recovery of the dieing company and hence improve their employment opportunities with other companies. They may also look for promotions and being part of the recovery team may a good ground for such. They management may also want to part of the management of a market leader in the company and this calls for all necessary strategies possible including mergers and acquisitions(Schlossberg, 2007).Horizont al integration whereby a company starts producing related products leads to increased market share due to increased sales out of the high volumes of sales. This may result in very radical transactions, which might be risky. In business yield comes together with risk taking. Vertical integration in this case is considered most because its more risky but the gains might be more than the costs. Diversification into another line of production may be a motivating factor.The company may have identified another variety of related products, which might be profitable and may want to be part of that industry. Therefore the best way to go may be the merger in order to pump in capital into the other company, which is facing liquidity issues, and hence have a major share of the profits. Horizontal integration is always considered best because it involves dealing with the same kind of business, which has a better track record (Schlossberg, 2007).In Australia the following steps are necessary in m erging:Research should be first done to determine possible candidate. This needs the help of experts in the research work so that all necessary data and information is available to the management of the acquiring firmThe motive to merge should be first understood and the angle to be taken determined. Synergy should be well understood and illustrated.Evaluation should be done on the acquiring firm. The firms’ business strategy should be understood in order to determine the degree of compatibility and the other aspects of business mergers. This also helps in justifying the acquisition.Immediately after the merger, Profits go down first due to the expenses incurred in research and implementation costs. Diversifications are normally expensive and gains can’t be realized immediately. Profits are normally derived at by; Sales-cost of goods sold –expenses. The cost of goods sold=opening stock + purchases-closing stock. High cost of goods immediately after the merger ca n be due to high opening stock, high purchases and low closing stock. This will therefore result in low profits.In the long run profits are supposed to increase due to;Economies of scale and scope, due to merging with supply and distribution channels, discounts will be given to the entity and this results to low operational costs. Large volume sales enable customers to get discounts and volume of sales is increased. This other unnecessary costs are avoided leading to maximization of profits.Diversification to another line of business; this means exploring of virgin grounds and operation benefits are taken advantage of. This means that sources of gained are increased and the total volume of profits is increased.Increase in market value; High market value is due to being a market leader and commands a greater share of the demand in the market. High volumes are sold and the sales figure is high. Sales are considered to be directly related to the profit volumes.The risk taken at first y ields benefits; Diversification may be risky therefore benefits may not be realized fast. Benefits can only after recovery and it will be to the enforceable future.Geographical advantages are realized. The merged entity need time to get used to the business environment and therefore gains take time to be realized (Bruner, 2007).Merging is better than internal expansion. Merging may be a little bit fast to pick up because acquired firms have existing resources and personnel. This reduces time spend in staff professional development and growth.A troubled company needs to merge as near bankruptcy workout situation. This helps in maximizing the value of the company where such companies are considered to be damaged goods. Shareholders, Board of Directors and the managers leave for firms specializing in a workout that is salvaging the value that was assumed to be left in them.Liquidations can’t be left behind. The use of highly leveraged transactions (HLT) expanded the profile of f inancially troubled companies (Schlossberg, 2007). Financially troubled companies are businesses that were leveraged and unable meet their debt service burden but still separate acceptable or even optimal operating cash flows given their internal resources and market opportunities.PublicityA demerger is expected when competitors start taking advantage of slow growth and development and they may take advantage of opportunities created by merged entity. This is because the competitors have been having existing offices, management and resources supply. Diseconomies of scale and scope start occurring and therefore the operations may not be profitable and a demerger may be considered. The company may at times consider internal expansion to be worth while and may start investing in such hence the merger becomes irrelevant (Bruner, 2007).The expansion to another geographical areas may prove to be unprofitable and thus the firm may consider demerging and concentrating in its primary busines s operations. The external growth may start being costly and the acquiring company decides to sale its share of the acquired company. The pride of management may be at some cost to the company and the shareholders may decide to demerge. The diversification to another line of production may prove to be extremely costly to the company and a demerger may be asked for so that focus can be on the basic profit gaining activity/business.Both the acquirer and acquiree benefit. The acquiree is funded and its liquidity position is revised and merging is normally a workout for near bankruptcy situations (Gaughan, 2004). The acquirer is also in a position to enjoy; economies of scale and production, advantage of geographical expansion, this is an external growth that cant be compared to the slow internal growth with uncertainties, management pride is improved, market share is improved and they move into a business that they have clear track record. ACCC is an independent authority of the Govern ment of Australia established in 1995 with the amalgamation of the Australian Trade practices Commission and the Prices Surveillance authority to administer the trade practices Act 1974 (Cth)It’s meant to protect Consumer rights, business rights and obligations, perform Industry regulation and price monitoring and prevent illegal anti Competitive behavior (Schencke, 2007).The more of the following criteria a troubled company meets the more marketable it will be to the acquiring company:Is it a manufacturing rather than a distribution operation. Acquiring a manufacturing company will be horizontal integration and will be more profitable to the entity (Robinson, Tranter, Loughran 2007). This kind of synergy results to taking advantages of economies of scale, diversifying into other lines of production, increased market value, expanding to another geographical location and this will be better than internal expansion. Merging with a distribution company will be a vertical forward integration and may be very risky with uncertainties due to lack of a clean track record.Fills a unique product niche rather than produces a commodity item.Has a well-known brand or trademark that is undamaged by its current situation.Sustains a strong defensible market share. A company with a strong market share means that its quite stable and will be profitable to merge with. This will also improve the whole entity’s image and then the share price improves in the stock market.Has a well-maintained machinery and equipment. These are tools of production and this indicates indefinite operation of the company into the future. Such a company is not risky to deal with and may result into huge future losses. Hence the idea of merging may not be necessary.Ernest & Young (2006) pg20In conclusion, mergers and acquisitions should be considered in the company’s research and development. It involves a lot of research that collects data and information in order to evaluate worth candidates for merging. The long-term objectives should be increasing the company’s market share within the industry, making use of economies of scale available and being a market leader.Mergers resulting in long term losses should be avoided because this won’t lead to growth and development of the company. Mergers also determine the structure of an industry because they lead to a decreased number of market players in the industry. This leads to high concentration and competition is reduced. Monopolies may be formed and this may not be healthy to the industry as a whole. Price control bodies need to be in place to control the dominance of the market by a particular holding company.References:Ernest & Young, Ernest & Young LLP. (2007). Back to Basic Techniques onMergers & Acquisitions (Pg 19-23). Wiley PublicationsGuy M. Robinson, Pal. J. Tranter, Robert Loughran. (2007). Economy Society &Environment. Oxford University PressHans Schencke. (2007). Accounting for Mergers & Acquisitions in Europe. IBFDMichael A. Hit, Jeffrey J. Harrison. R Duane. (2007). A Guide to creating value forStakeholders. Oxford University PressPatrick A. Gaughan. (2004). Merger, Acquisitions and Corporate Restructuring.Wiley PublicationsRobert F.Bruner. (2007). Applied Mergers and Acquisitions. Wiley PublicationsRobert S. Schlossberg. (2007). Understanding the Antitrust Issues. American BarAssociation.