Coursework on Business Law

The correct citation of The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 is Public Law No. 109-8, 119. It became fully effective last October 17, 2005. The law implements the new â€Å"means test† to determine whether a debtor is eligible for liquidation which is found in chapter 7 or must file under wage-earner repayment plan found in chapter 13.In order to protect the interests of employees and for reasons of public interest, the law also set supervising random audits and targeted audits to determine whether a liquidation and debtor’s bankruptcy documents are accurate (The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, 2009, p. 1). It is true that businesses sometimes use bankruptcy as a means to address labor issues which includes reformed contract with the union.The same is true with the case of United Airline Company when it had merger proceedings with US Airways, wherein several union members complained. The labor union is comp osed of the United Flight Attendants wherein its members fought for about 29 days to bring up the pilot's contract dispute (AFA Announces United Flight Attendants Elect Militant Leadership, 2008, p. 1). The contract being fought for becomes successful due to the efforts of union members. Mr. Gardner violated the law.The notice of garnishment on the wages of Clarence Ellis has nothing to do with his job in the company. It was a legal process wherein any person or entity with whom Mr. Ellis was indebted, may take his wages or money in the bank as payment. However, it was not related to the job of Mr. Ellis as laborer and carpenter. Hence, the grounds for firing him such as alcoholism, poor job performance, insubordination, and dishonesty being used by Mr. Gardner are not applicable. Therefore, Mr.Gardner's act of firing Mr. Ellis is baseless. References CBS Interactive Inc. 4 April 2008. AFA Announces United Flight Attendants Elect MilitantLeadership. Retrieved July 1, 2009, from http ://findarticles. com/p/ articles/mi_m0EIN/is_2008_April_4/ai_n25126630/? tag=content-inner;col. U. S. Trustee Program/Dept. Of Justice. 2009. Bankruptcy Abuse Prevention and Consumer Consumer Protection Act of 2005. Retrieved July 1, 2009, from http://www. usdoj. gov/ust/eo/bapcpa/index. htm.

Banyan Tree Research Essay

1. Growth and development of Banyan Tree. Banyan Tree Holdings Limited is a leading, international hospitality brand that manages and develops premium resorts, hotels and spas. From a single boutique resort in Phuket in 1994, Banyan Tree has grown into a multi-business operator globally. Listed on the Singapore Stock Exchange since 2006, the group currently consists of 30 hotels and resorts, over 60 spas 80 retail galleries and two golf courses in 27 countries, with aggressive expansion plans for the future. Below shows the milestone of Banyan Tree Resort: Banyan Tree Group garnered some 117 international awards and accolades in 2010, bringing the total number of awards it has received close to 640 since the first Banyan Tree property opened in Phuket in 1994. In 2010, Banyan Tree Phuket and its Spa continue to be recognised by industry experts, having won 14 prestigious awards and accolades The Banyan Tree organization has seen very dynamic and expansive growth in the last few years. Banyan Tree attributes is success as a company to their strong brand recognition, command pricing, and superb management. Revenues increased from $187.3 (million) in 2005 to 335.3 (million) in 2006, which is an increase of 79%. In 2007, Revenue increased another 26% to $429, 859 (million). 2. Success factors of Banyan Tree Banyan Tree Capital has its own dedicated construction, project management and cost management capabilities, enabling it to fulfill the role of a developer and assume full ownership of any projects. * Brand Building Branding has started right from the locations of the Banyan Tree resorts and has been consistent through the designs, the facilities offered, and the ambience created in each of the resorts. In line with the â€Å"romantic escape for couples† theme, Banyan Tree has placed a strong emphasis on the locations as a key element of the brand identity. The company has chosen exotic locations with exclusive access to sun-bathed beaches, exciting environment around and a good transportation infrastructure to connect the resorts to the main destination highlights. * Company Growth and Health The Banyan Tree is a rapidly growing company with lots of investment all across the globe. Their expanding nature, coupled with a positive stock price, solid financial earnings, and continual success at all resort locations, is exceptional in the competitive hotel and resort industry. Not many hotel companies can brag about recent success like the Banyan Tree. * Good Brand communications Banyan Tree promotes their product through mass international media. They invite travel editors and writers who could potentially increase editorial coverage on Banyan Tree to use the service. This can make â€Å"Banyan Tree Experiences† distribute to people by word of mouth and it is more effective. It is also make brand awareness and brand value that generated largely through public relations and global marketing programs. * Being a socially responsible and environmentally sensitive organization Banyan Tree Exercise caution with respect to the environmental impacts of their operations, and taking an active role in the protection and remediation of our global ecosystem. * Creating a good culture By combining the Asian culture and heritage with world-class service and luxury, Banyan Tree has been able to build a brand that has appealed to people across countries in Asia and beyond, and successfully been capitalizing on the pan-Asian sentiment. 3. Marketing Strategies * Collaboration with marketing agencies Banyan Tree Holdings appointed a few key wholesalers in each targeted market and worked closely with them to promote sales. Rather than selling through wholesale and retail agents that catered to the general market, they chose to work only with agents specializing in exclusive luxury holidays targeted at wealthy customers. Global exposure was also achieved through Banyan Tree’s membership in the Small Luxury Hotels and Leading Hotels of the World. Targeting high-end consumers, they represent various independent exclusive hotels and have sales offices in major cities around the world. * Winning awards Banyan Tree resort management believe that to publicize their properties, word of mouth is more important than advertisement. Therefore, one of the marketing strategies they adopting is to win awards. Banyan Tree sought recognition in service, innovation and, more importantly, its environmental efforts. To date, it has won more than 570 awards, with two given last week for its excellence in social and environmental responsibility. * Expanding Brand portfolio Banyan Tree to come out with a brand extension in the form of Angsana Resorts (launched in 2000), targeted towards young families and at different price points – typically 20-30% lower than Banyan Tree resorts themselves. It also operates stand-alone Angsana Spas. These measures not only allow Banyan Tree to increase its awareness in new markets and gain international momentum, but also create a strong platform for a portfolio of sub-brands that can be a source of long-term revenue generation. * Online marketing Banyan Tree sets up company website to conveniently update latest information and offers for customers. In additional, the online website allows customers to do bookings for their holidays. Online bookings rapidly increase over the year and it definitely generated more revenue. 4. Future Challenges * Competition There is only one other resort that is comparable to the Banyan Tree: Amanpulo. Amanpulo is situated on a private island in Palawan. The island boasts white sand, crystal clear water and tropical vegetation. They, too, respond to a leisurely lifestyle for the affluent and rich worldwide. In addition, Amanpulo is just as concerned as we are in building environmentally friendly and aesthetically pleasing resorts. * Copycats The market is crowded with many entrants running similar branded resorts in the upper-end. Particularly in Asia Pacific, where Banyan Tree has its stronghold and traditional base, new entrants are facing only small barriers-of-entry other than huge capital requirements and availability of good locations. A new entrant can always try to copy the â€Å"romance-intimacy-rejuvenation† theme and replicate the serene locations with beautiful villas providing it at lower prices to gain foothold in the market. * Natural Hazards The Philippines sits astride the typhoon belt, which means it’s prone to be struck by dangerous storms. In addition, the country is known to be home of active volcanoes. Other natural hazards known to occur are landslides, earthquakes and tsunamis. * Environmental Issues Existing issues that the Philippines are dealing with, and trying to combat, are uncontrolled deforestation, soil erosion, air and water pollution, coral reef degradation and increasing pollution of coastal mangrove swamps.

Education in the Middle East in the Last 20 Years Essay

Education in the Middle East in the Last 20 Years - Essay Example Poor governance, political revolutions, poor traditional laws, and high poverty levels have had negative reflections on attitudes towards education, especially for the girl child. However, the reform movements have seen significant changes in the people’s perception of education. The governments are increasingly investing in education as they seek aid from international agencies and industrialized nations. Thus, despite the difficulties that are experienced in the most of the Middle East countries, there have been significant improvements in education in these countries, especially in the last two decades. The level of literacy, especially for women, has improved dramatically with women having more access to institutions of higher learning. Education improving in the Middle East in the last 20 years Introduction Education has been considered as one of the fundamental human rights that are necessary for development in a given society. Every individual in the society has the rig ht to access quality education owing to the benefits that education has to the individual and to the society. Education contributes towards all aspects of development in the society. It provides individuals with the basic knowledge and skills that are appropriate for the development of a career. It provides the medium through which different talents can be identified that are beneficial to the society (Behrman & Stacey, 1997, p.11). Education improves an individual’s general understanding of life as well as how to relate to others morally and responsibly in the society. Through education, one is able to understand his or her fundamental rights and freedom in the society, and the necessary steps to be taken when such rights are infringed. The fights for democratic forms of government that are experienced in different parts of the world can be easily won if the citizens are more educated. The education in the Middle East has been low as compared to the other parts of the world like the West. In many regions in the Middle East, education was not taken seriously by the public as well as the government. It was considered a luxury and its access was limited to few individuals (Editorials, 2005, para.3). The restrictions were extreme on the female children. The political oppression, traditional beliefs, and high levels of poverty greatly contributed to this situation. The Middle East Countries include the Arab nations in South Asia and North Africa like Syria, Yemen, Egypt, Iraq, Afghanistan, Iran, Armenia, and Bahrain among several others. The countries have certain similarities and differences in terms of the system of government, economic activities, and the religious culture. All these countries exhibit the Arab–Muslim relations. Most of these countries and the neighboring countries of North Africa that form the Greater Middle East have experienced civil wars resulting from poor forms of governance as well as terrorist attacks. The North African Ara b nations have experienced rebel movements that have seen most of their long-term leaders hoisted unceremoniously. Similar revolutions continue to be witnessed in the Middle East countries like Syria and Yemen.

Competitor Analysis Assignment Example | Topics and Well Written Essays - 500 words

Competitor Analysis - Assignment Example The hotels compete for the common market with the Baldwin hotel by manipulating their service and product bouquets. Among their features of competitions are the seven Ps of marketing including price, product, place and profit among others. Established in 1998, the Powell hotel is a state of the art facility sitting at the heart of the city at the Union square. The vantage position gives the hotel unparalleled access to the shopping malls and centers in the city. Owing to this, the hotel is therefore a favorite for different tourists who visit the city to shop. The hotel has deluxe rooms among other comfort facilities to attract the affluent class. Located next to one of the greatest landmarks in the city the Chinatown dragon town, the Baldwin Hotel boasts high quality five star services ranging from deluxe rooms, customized cuisines and fully furnished conference facilities among many others. Additionally, the business operates with a robustness and dynamism that exhibits a competition conscious marketing and management departments. It has a steady market share that keeps it operational everyday but just as with any other business the hotel strives to expand its market by beating its competition in introducing new product and service categories. The hotel targets the middle class tourists who frequent the city from different regions. The provision of conference facilities is a new service that targets business organizations. Hotel Carlton another competitor in the city enjoys strategic position at the eastern entry of the city thus promising convenience to its customers. The hotel offers diverse services including car rental, bed and breakfast and conference facilities among others. It has deluxe rooms with luxurious facilities such as digital television, free internet, and hot bath among many others. The two hotels have a specific target market, most of their services are tailored for a typical tourist who seeks convince to

Individual case study Research Paper Example | Topics and Well Written Essays - 500 words

Individual case study - Research Paper Example On ethical issues, Nike was faced with the challenge of providing the required wage for its workers. Although the company provided jobs for the locals of contractor countries, the pay was less, and this was unethical. In Vietnam worker were being paid about $1.6 per day, a pay that was way below their daily wage of $3 a day. In addition, workers were not given protective wear during work within Vietnam and other countries working on behalf of the company. For instance, it was confirmed that those working in areas with dangerous chemicals were not wearing glove and those in areas with poisonous gases were not given masks as is required by safety procedures. In amidst of all these, the company was reporting large profits and various organizations felt that the company was exploiting people and especially underage workers (Carroll, 2009). Nike experiences a challenge in developing a strict monitoring system to use in its contactor countries. This would ensure that issues like the amount of wages paid to workers and even working conditions are improved. In addition to this, such a system would ensure that workers are given protective wear and paid acceptable wages. The other challenge is the difficulties in establishing and hiring a competent body that would ensure proper and accurate accounting records. This has resulted to poor payment terms of those employed to work for the company and improper records. In addition to this, company has difficulties in determining the countries in which it would establish its branches. This is because of the legal requirements required by the countries in which it plans to establish its other companies. The host government in various countries played crucial roles in the establishment of contractors. For instance, host countries were involved in licensing Nike to carry out its manufacturing activities on their land. In addition to

The Co-Ordination of the Human Body by the Endocrine and Nervous Research Paper

The Co-Ordination of the Human Body by the Endocrine and Nervous System - Research Paper Example It is evidently clear from the discussion that the central nervous system (CNS) is the largest part of the nervous system and includes the brain and spinal cord. The spinal cavity holds and protects the spinal cord, while the head contains and protects the brain. The CNS is covered by the meninges, a three-layered protective coat. The brain is also protected by the skull, and the spinal cord is also protected by the vertebrae.  The bodies of the nerve cells lie in the CNS, either in the brain or the spinal cord, and the length of the cellular processes of these cells, known as axons, extend through the limbs and the flesh of the torso. The large majority of the axons which are commonly called nerves are considered to be PNS. The cell bodies of afferent PNS nerves lie in the dorsal root ganglia.  Autonomic nervous system (ANS) controls smooth and cardiac muscles and organs of the digestive, circulatory, excretion and endocrine systems (involuntary actions). ANS consists of two set s of neurons with opposing effects on most body organs. The Endocrine System in humans (overview): The endocrine system is the internal system of the body that deals with chemical communication by means of hormones, the ductless glands that secrete the hormones, and those target cells that respond to hormones. The endocrine system is instrumental in regulating metabolism, growth, development, and puberty, and tissue function and also plays a part in determining mood. The endocrine system functions in long term behavior and works in conjunction with the nervous system in regulating internal functions and maintaining homeostasis.  Hormones regulate bodily functions and are specific in their responses. They can only initiate responses in target cells, which are specifically equipped to respond. Each hormone is recognized by those target cells with receptors compatible with their structure. A hormone receptor is a protein within the target cell or built into the plasma membrane. Once a hormone is released, the first step is the specific binding of the chemical signal to a hormone receptor. The receptor molecule enables the target cell to respond to the hormones chemical signal. These responses vary according to the target cell and lipid solubility.  The control of hormones can be done by 3 methods:  1. Many hormones are controlled by some form of a negative feedback mechanism. In this type of system, a gland is sensitive to the concentration of a substance that it regulates. 2. Some endocrine glands secrete hormones in response to other hormones. 3. A third method is by direct nerve stimulation.  

The Catholic Faith With Contrasting Facts on Islam Religion Essay

The Catholic Faith With Contrasting Facts on Islam Religion - Essay Example With the death of Christ, the apostle Peter was designated as the first Pope, or temporal head of the Catholic Church. Since then, the mission of this faith is to spread the faith across the world. According to Pope Benedict XVI, the mission of the Catholic Church can be summarized â€Å"as a threefold responsibility to proclaim the word of God, celebrate the sacraments, and exercise the ministry of charity† (Benedict XVI 2005). Known to be one of the oldest institutions in the world, the Catholic Church is rich with traditions and beliefs seen through the eyes of devotees. This essay provides the opportunity for a Catholic devotee to be interviewed. In the process, one would appreciate the insights, beliefs, underlying teachings of the Catholic Church as seen from of an ordinary woman. The interview was conducted in the Infant of Prague Catholic Church at Jacksonville, North Carolina. The person being interviewed is Christina Cordero, a Roman Catholic by virtue of her birth and baptism. She was raised in another country, the Philippines, which is a predominantly Catholic country. The Infant of Prague Catholic Church is medium built. It has three balconies, vaulted ceilings, a separate room for families with small children who might act up during service, an elaborate altar flanked by praying candles, and beautiful stained glass windows with depictions of St. Michael, St. Peter and others saints. Apart from the solemn faà §ade, there is just one thing that needs some maintenance and repairs – the pews.

Tiffany & Co. analysis Essay Example | Topics and Well Written Essays - 4250 words

Tiffany & Co. analysis - Essay Example ing Tiffany & Co Space Utilization 13 Table 6: Table Showing Tiffany & Co Employees Output Trend 14 Table 7: Table Showing Tiffany & Co Capital Intensity Trend 15 Table 8: Table Showing Tiffany & Co Revenue Valuation Trend 15 Tiffany & Co. Analysis 1: Introduction Company Introduction Tiffany & Co. is the most popular lavish jewelry corporation in the United States of America. For over a century and a half, Tiffany & co. have designed superb jewelry comprising of diamond. The company often uses Tiffany & co and just Tiffany as its main trademark, and at the same time as its trade name. Statement of Purpose In a quest to for tiffany to maintain its giant market and dominance, this paper studies the company’s current pattern applied to maintain customer satisfaction and its prolonged dominance, with the aim of gaining deep knowledge on success of this company and devising applicable through which it can improve its current level performance. Roadmap This study involves a quantit ative and qualitative analysis (a SWOT analysis,) for tiffany to gauge its current position. This analysis also gives recommendations to potential investors and the company at large on its current position. The weaknesses and threats identified through the SWOT analysis be used as a yard stick for devising applicable solutions and this is after comparing various documented applicable solutions, through various qualitative and quantitative tests, and discussed in the subsequent chapters, and the final outcome is mainly targeted at coming up with an effective criteria for investment for Tiffany & Co. Criteria for Investment To come up with concrete recommendations, this study will focus on all the most trusted company profitability, growth and development analysis, evaluations and strategies,... Tiffany & Co. is the most popular lavish jewelry corporation in the United States of America. For over a century and a half, Tiffany & co. have designed superb jewelry comprising of diamond. The company often uses Tiffany & co and just Tiffany as its main trademark, and at the same time as its trade name. Statement of Purpose In a quest to for tiffany to maintain its giant market and dominance, this paper studies the company’s current pattern applied to maintain customer satisfaction and its prolonged dominance, with the aim of gaining deep knowledge on success of this company and devising applicable through which it can improve its current level performance. Roadmap This study involves a quantitative and qualitative analysis (a SWOT analysis,) for tiffany to gauge its current position. This analysis also gives recommendations to potential investors and the company at large on its current position. The weaknesses and threats identified through the SWOT analysis be used as a yard stick for devising applicable solutions and this is after comparing various documented applicable solutions, through various qualitative and quantitative tests, and discussed in the subsequent chapters, and the final outcome is mainly targeted at coming up with an effective criteria for investment for Tiffany & Co. To come up with concrete recommendations, this study will focus on all the most trusted company profitability, growth and development analysis, evaluations and strategies, thus: the company’s commitment to CSR, potential to expand, profitability, adaptability, rising stock price, and competitive advertisement.

Russia and the Soviet Union 1917-1924 Essay Example for Free

Russia and the Soviet Union 1917-1924 Essay 1. The March revolution of 1917: * The Tsar abdicates on the 20th March, in favour of his brother Michael because his son Alexis was too young. * However, the people had other ideas, they wanted a change in government. 2. The provisional Government: * The crowds gathered outside the Tauride Palace Demanding that the Duma took charge of the country. * A temporary government was formed to rule the country until an election could be held to decide who and how the country would be run. 3. Soviets * AS the provisional government was taking way, another group was starting up, the Petrograd Soviet. People sent representatives to sort out their interests. * The first thing that the soviet did was to issue order 1, which gave it control of the armed forces in Petrograd. How did the Bolsheviks seize power? March 1917 Provisional Government + Petrograd Soviet Control Russia 1. What do they do? The first thing what happened was: Political prisoners were freed; they made the press free to do what they liked. There would be freedom of speech, the right to strike and an end to social discrimination and the death penalty. 2. Issue 1:the war The provisional government continued the war with the agreement with the Soviets. Everybody had too much pride to be beaten by the Germans. Also they wanted to stay allies with Britain and France in the future. The war continued badly and the Russians were still losing food and fuel. The people needed the war to end. 3. Issue 2:land As soon as the Tsar was gone the peasants thought they could have had always wanted, Land. But the provisional government wouldnt give them it. This was because they though that they should leave it to the properly elected government. People began to take land anyway. 4. The return of Lenin When Lenin returned it was a whole new start to the revolution. Lenin had not been in Russia during the March Revolution. With a lot of help from the Germans he got a sealed train to Petrograd at the beginning of April. The 1st speech that Lenin made to the people was demanding that thee should be no co-operating with the provisional government, the war should be ended, the land should be given to the peasants and that the Soviets should take power. These points were later written up in the April Theses 5. The July Days Only the Bolsheviks opposed the war. During the 1917 summer more and more common people opposed to the war. In July the Kerensky launched an attack against the Russians, which they lost. Thus there was a huge demonstration in Petrograd, which became known as the July days. Everyone poured into the streets protested about the war. They all to the Bolsheviks to lead them but they turned them away. Kerensky produced letters incriminating Lenin. This forced Lenin to flee to Finland. * The war distinguished the Bolsheviks from other groups because thy opposed the war. 6. Autumn 1917 * Events started to work in the Bolsheviks Favour * Kerensky had appointed a general called Kornilov to be head of the army * There wanted to establish a strong sturdy Government in Russia his own government. * Many people of the Petrograd panicked; there was bound to be violence and bloodshed. * Kerensky also panicked and asked the Bolsheviks for help. * He gave rifles to the Bolshevik Red Guard; groups of workers who had been training secretly, and now appeared on the streets to help defend the city. * Kornilov troops never arrived. The railway workers and other soldiers persuaded them not to fight their fellow Russians. * How ever the Red Guard kept their rifles. How did the Bolsheviks Seize Power? Moral was low, there were riots and fights, Russia was a descrase. The Bolsheviks were now moving in on the Winter Palace, where the provisional Government was meeting. During the afternoons, most of the Cossacks had slipped out of the palace, leaving some military cadets and the Womens death Battalion. At 9.00p.m the Aurora (a ship whose sailors supported the Bolsheviks) fired a blank shot to start the attack. There was little machine-gun fire, and very little damage was done to the palace. The womens death battalion offered no resistance, came out and went back to camp. The red guards entered and made their way along the miles of corridors. When they did meet military cadets, they gave up, as did the Provisional Government when the Red Guards found them. The Bolsheviks had control of Petrograd. Key points of how the Bolsheviks took over * The general moral of the people was low, causing fights and riots. * Bolsheviks moved onto the Winter Palace, where the Provisional Government was meeting * At 9.00p.m, the Aurora, fired a blank shot and started the Attack * All offensive gave up to the Bolsheviks, and they had complete control of Petrograd. The Role of Lenin in the November 1917 Revolution Lenin made a difference Lenin didnt make a difference * Limitless capability to persuade people * He had the power to say what people wanted, and give it to them * He listened to people on the street, factories and Barracks, and knew what the people wanted * With out Lenin the Bolshevik coup would have been postponed and might of failed. * After all this the Bolshevik partys membership began to grow rapidly * Lenins role in some historians opinions, fell short of Trotskys Conclusion Did he make a difference? I would conclude that Lenin did make a difference because without him, people would not of got what he wanted; the Bolshevik coup would of failed. He did some think different, he listened to the people, he found out what they wanted and helped them, where as other leaders wouldnt, hey would of done it their way. How did Lenin Control Russia in 1917? Lenin had seized power in Petrograd, but for how long could he hold on to it? A few days after the takeover, Kerensky sent some troops to let the provisional Government take control again Populist Measures November * A maximum eight-hour day and 48 hour week declared for industrial workers. * Employment insurance introduced for workers for injuries, illness, and unemployment * All titles and class distinctions abolished no dukes or lords, the title comrade for everybody. * Women declared equal to men. December * All Factories to be put under the control of workers comities. * All banks taken over by the government * The army to be more democratic officers to be elected, no ranks or saluting * Divorce made easier and marriages do not have to be in churches. The Cheka In December 1917, Lenin set up the Cheka. The head of this secret police force was the cold and incorruptible Felix Dzerzhinski. He set up headquarters in the lubyanka in Moscow, a name that was to become feared because of the torture and executions that were carried out there. The Cheka arrested people who were considered dangerous. After an assassination attempt on Lenin, the Cheka launched the Red Terror. Anybody who spoke out against the government was arrested, and many were shot with out t trail. Sometimes it was enough to be someone who might oppose the Bolsheviks. The use of terror to control people was to become a feature of the new regime. Constituent Assembly * By November 1917, Lenin had been forced into holding elections promised by the provisional government. * Railway workers said that the would shut down the railways if Lenin did not go ahead with Russias first free elections. * These were to choose a constitunal Assembly, which would work out how Russia would be governed in the future. Peace * Lenin sent Trotsky to meet the Germans to negotiate a peace treaty. * Trotsky walked out of the talks because the Germans demanded so much territory. * He stated that there would be No Peace, No war * However, Lenin sent him back, he was sure that the Bolsheviks would stay in Power only if the war could be ended quickly. * The result was the harsh treaty of Brest-Litovsk in March 1918 How did the communists win the civil war? There were three sides to the civil war, but two main ones. The reds and the whites. The Reds: The Bolsheviks or Communists (Red was the colour of Communism). The Whites: All the opponents of the Bolsheviks -tsarists and nobles, middle-class constitutional democrats, Mensheviks and Socialist Revolutionaries. The whites got their name from the white uniforms worn by the Tsarist officers. This meant that the Whites were always associated with the Tsar and the old system of government. The Greens: Independent groups of nationalists, peasants or bandits who roamed Russia at this time. They fought anyone and raided villages and towns. The most famous was the Ukrainian nationalist, Nestor Makno, who shared his booty with local peasants. Geographical Factors Reds * They held the central area of western Russia, which contained most of the large industrial canters able o produce munitions and war supplies. * They had control of the railway lines, which connected Petrograd and Moscow to the rest of the country. This meant that they could send soldiers and munitions quickly to any place in the battle area. Whites * They were scattered around this central area, often with hundreds of miles separating the different armies. * Communications were difficult that is, if the generals wanted to communicate. Aims Reds * The red only really had on aim, which was to stay in power so that they could build up the new Socialist society. Whites * The many people that made up the whites had some different aims, some of them wanted to tsar back, some a military Dictator; others wanted revolutionary change. The only aim they had been in common was to defeat the Bolsheviks; they only agreed on little less. Leadership and unity Reds * Leader wise the reds had a great one, Trotsky. He built up the red army from nothing, he brought in conscription for men over eighteen years of age, he introduced nearly over 50,000 experienced former Tsarists officers and he appointed political Commissars fanatical Bolsheviks to each unit of men to make sure the officers and soldiers carried out their orders. * Trotsky was personally very courageous. He had a special train which transported him around his army of hand picked soldiers to the places where fighting was difficult. Whites * The whites didnt really have good leaders, often the commanders were cruel, treated their men with disrespect and set a bad example, by doing stuff like drinking and taking drugs * The white generals did not trust each other and would not re-ordinate their attacks. This then allowed the reds to pick of the white army one by one. * The whites had problems inside their armies too. There was often fighting and squabbling because groups had different aims and beliefs. It was particularly hard for revolutionaries to co-operate with the supporters of the Tsar. How Important was the role of Trotsky * Leon Trotsky played a very important role in the 1917 Russian Revolution, together with Lenin. * He played an important role in rising up the Red Army, which with out the revolution would have been crushed. * He was very strict and stated that every scoundrel who incited anyone to retreat, to desert, or not to fulfil a military order, will be shot Every soldier of the Red army who voluntarily deserts his post will be shot. Those guilty of harbouring deserters are liable to be shot. * He gave a good impression to his people, by arriving with a train, a famous train that had been speeding to and fro along the different fronts. The train contained excellent facilities. What Happened to Tsar and his Family * After his abdication in March 1917, the Tsar and his family were held under house arrest just outside st. Petersburg * There were moved to Tobolsk in Siberia, then sent to Ekaterinburg in the Urals, where they were held by the Reds in the house of a family called Ipatiev * Tsar presented a continuing problem for the reds. If he escaped he might help unite the White forces; if executed, he could become a martyr. * But it seemed, when the white forces closed in on Ekaterinburg in the summer of 1918, it seemed that the decision was to kill him. * How successful was Lenin in transforming Russia by 1924 There is certainly an element that Russia was transformed by 1924, certainly top an extent in terms of industry, agriculture, political and socio-economic factors. However, Due to Lenins death in 1924, with the resulting power struggle and emergence of Stalin as dictator, put together with Stalins claim that in 1934 that Russia is fifty to a hundred years behind the westernised countries, we have 10 years to close that gap. There is certainly an argument that the transformations within Russia by 1924 were minimal, especially as the Bolsheviks were trying to establish power in the years stemming form the revolution in 1917 Lenins death in 1924. Lenin knew that he had to do something to improve the economic situation in Russia. If he did not, the Communists would not survive. In 1921, he introduced a New Economic Policy (NEP). He had the idea that the NEP would give the Soviet Union a Breathing space to get back on their feet. Many communists were angry about what he saw as a return to capitalism. They did not like the idea that making a profit was the main power source for smaller industries. They disliked stuff like the fact that the bosses of factories or Kulaks (rich peasants) could hire men to work for them. They did not want to go back to the old days. The communists particularly disliked the new traders who were appearing all over the cities. These Nepmen, as they were called, made all of their profit by buying food and goods cheaply and selling them for more money than they are worth. They were middlemen, who the communists saw as those who made money out of the labour of others. Nepmen also set up restaurants and made lots of money from dealing gin property and gambling. Lenin persuaded the party to accept the NEP for the time being. The majority realised that these measures were needed to reduce industry and get more food produced. The next big step forward was the electrification of Russia. Lenin was keen to see Russia evolve with more innovation and saw electric power as the key to modernising the Soviet Union. He envisaged a great network of power stations, which would provide the power for modern large-scale industry. His aim was to put an electric light in every home to replace every oil lams and candles. Lenin Believed electric power would change things so much that he said, Soviet power plus electrification equals Communism. The first light bulb was fitted in 1928, which was 4 years after Lenins death in 1924. He obviously succeeded in bringing light bulbs and more electricity to Russia, but after his death. The NEP encouraged foreign countries, which had refused too trade with Soviet Russia before 1921, to resume trade links. Western countries hoped that the move back to private trade and profit capitalism meant the failure of Communist ideas. In 1921 an Anglo Soviet trade agreement marked the beginning of increased trade with the West, which gave a great boost to the Soviet economy. There were large-scale exchanges of Western industrial goods for Russian oil and similar products. The NEP Lasted until 19128 and Russia generally became more prosperous. Some of this can be pit down to the period of stability, which followed seven years of war and civil war from 1914 to 1921. But the NEP undoubtedly played a big role in improving the general economic situation. We know that between 1921 and 1928 the Agricultural and industrial production had risen considerable. But infact all that had happened was it had returned back to where it was in 1917; Lenin had not really made a big impact on the way Russia worked. After the civil war, Living conditions were still appalling, peasants hauled for their food, had no proper lighting, food was dreadful and had no washing facilities. Lenin failed to stop Stalin becoming a leader, as well as spread communism out of Russia. Yes, Agricultural and Industrial production had risen from 1921-1928, but there were only back where they had started. Lenin had not made any difference except get them back to where they started. Levels rose, yes, but only in relation with 1917, not prior to war levels, also, Stalins 5 year plans showed us that much actually did need to be done, in terms of industry and agriculture progressed but only took Russia back to pre-war levels.

Stabilising factor in the cold war from 1949 to 1963 Essay Example for Free

Stabilising factor in the cold war from 1949 to 1963 Essay To what extent was the nuclear arms race a more stabilising factor in the cold war from 1949 to 1963? From the period of 1949 up until 1963 saw increasing developments in nuclear technology by both the two superpowers, the USA and USSR. The race meant that both superpowers aimed to match each other and even gain the upper hand in terms of nuclear missile technology. Nuclear arms were seen as a form of scare tactic against the other superpower as both felt threatened by each others ideological capability. It was also used as a form of defence mechanism in case of future attack however, the power and destruction of the weapons in which these countries created would have proved fatal not only for the opposing country but for the world. The nuclear arms race has been argued that it stabilised relations between the countries especially after the Cuban missile crisis although there is much evidence that proves otherwise, in which relations between the soviets and the United States were as tense as ever. On the 6th of August 1949, the USSR tested the first atomic bomb in the north of what would be now Russia. This was to start a fury of nuclear testing between the nations. However the first testing was actually in 1945 when the United States dropped atomic bombs on Hiroshima and Nagasaki, killing thousands of civilians. This immediately threatened not only Japan, the enemy of the United States during WW2 but also close neighbour, the USSR. Stalin saw the highly powerful bombs as force of power over the world. The United States showed the might and strength of their military weaponry but it made relations between the two superpowers very unsettling. It could be seen in this period, as a settling factor with the policy of Brinksmanship. The policy was formed by Eisenhower, the President from 1953 to 1961 and John Foster Dulles, the Secretary of State. It was a policy of intensely threatening the opposing side with action without delivering the action. In this case the United States were threatening the USSR with Nuclear action. It was a very dangerous policy as the name suggests it would go right to the brink of Nuclear War. This was very much true in the Cuban Missile crisis when the Soviets had nuclear weapons based in Cuba ready to target America, while the Americans had missiles based in Turkey, also ready to attack. Both superpowers were not only within each others sphere of influence, but they were also armed too. If the opposition was not backing down it would lead to two options, to either reveal the false threats or go to war. This policy however was used by both parties which in essence mad the whole of the period of time a very tense time. The false threats could be seen as a stabilising factor as both parties were not going to use the weapons, only as a scare tactic which would lead to an increase in communication between the countries. On the other side, threatening to destroy the opposing superpower could be seen as unsettling the relations even more than it already was. M.A.D. (Mutually Assured Destruction) could also be a Stabilising factor in this period as it caused both sides to rethink their strategies. Both sides had enough nuclear weaponry to annihilate the other and to even counter-strike when hit first. Both sides knew that using this strategy would prove too costly so for their own need they needed another approach. A more flexible approach in which the sides would use smaller, targeted missiles achieving to hit a specific area would be more worthwhile as it would limit the amount of action and devastation that the arms could bring. This agreement to use another approach to Brinksmanship in which it brought threatening words to the negotiations would be another step towards a more steady relationship between the soviets and the U.S. The Leaders of both sides also played a huge significance in terms of the nuclear arms race. The soviet leader Khrushchev who served from 1953 to 1964 was a very unpredictable character. This had made relations with the United States very unsettling especially when he possessed nuclear arms. America was desperate to initiate some kind of direct contact. This direct contact was made when the hot line telephone link was created. This could be seen as a sign of a more settled relationship during the nuclear arms race. It was a form of direct contact between the President, which at the time was Nixon and the Soviet Leader Brezhnev. Created in 1963, its aim was prevent a misunderstanding between the nations with the topic of nuclear arms. It was successful as it gave a quick response to any threats the Soviets made especially when the Soviets pulled out of Cuba, the United States were unsure of what the soviet would do next. The Nuclear Test Ban treaty of 1963 was another sign that the nuclear arms race was a stabilising factor as it banned testing of nuclear weapons above water. This was a huge significance as the previous decade consisted of both superpowers testing and improving nuclear weaponry. The main reason for this was the fact that they got too close in the Cuban missile crisis. They were literally hours from nuclear war. However there other factor that played into the formation of the treaty. The Soviet Union were in economic turmoil especially when they were paying almost a third of their GMP on arms. America was also in turmoil especially with the Vietnam War heating up and domestic issue of civil rights. In conclusion, after looking at the period of 1949-1963, the nuclear arms race was a stabilising factor in the cold war although things could have been the complete opposite. The risk of using Brinksmanship could have ended in war and eventual devastation of the world. Both countries, for their own sake needed to come to some agreement to limit the arms. By using the hot line telephone link both superpowers could prevent each other with great speed which helped misunderstanding especially when Khrushchev had a very unpredictable mind. The test ban treaty of 63 also helped limit the use of unsettling use of the weapons but it dragged other powerful nations such as China and France into the mix when they disagreed against the treaty.

Operations management strategy of Hard Rock Cafe

Operations management strategy of Hard Rock Cafe Global competition increasing every day, while others theme restaurants have come and gone Hard Rock cafe is successfully response to complexity, risks and competition of global economy with flexibility and speed. From one London cafe in 1971, Hard Rock Cafà © (HRC) has grown to over 163 locations in 52 countries, and most of that growth has occurred in the last few years. With the mission To spread the spirit of Rock n Roll by delivering an exceptional entertainment and dining experience. We are committed to being an important, contributing member of our community and offering the Hard Rock family a fun, healthy, and nurturing work environment while ensuring our long-term success (Heizer Render, 2009).HRC enjoys a 92% name recognition world-wide, putting it in the top 10 of all restaurants. HRC has accomplished this by changing from a themed restaurant into one participating in what is now called the Experience Economy. . Lets identify how each of the 10 decisions of operations management is applied successfully and effectively at Hard Rock Cafà ©. 1. Design of goods and services: HRC is flexible and unique with their product and services design base on the local market that they enter into. Every different restaurant has unique design by combining traditional and culture of the locals with the view in mind such as when they open HRC in Ho Chi Minh, Viet Name and decorate the bar with lantern. One of the most popular mistakes of restaurant is trying to make their food be the best to be successful. But reality is quite different when Bugger King and McDonalds dont have the best food. I didnt mean that restaurant shouldnt try to make the most delicious food but in the process of making delicious food (tangible product) they should keep their eyes on providing the intangible product which is called experience and HRC sells experience. HRC is using food as medium to inspire exceptional entertainment and dining experience. As Professor C.Markides of the London Business School says, The trick is not to play the game better than the competition, but to develop and p lay an altogether different game. (Markides, 1997) 2. Managing Quality: One of the most operations strategy is quality. According Jay Heizer, quality as the totality of features and characteristics of a product or service that bears on its ability to satisfy stated or implied needs. (Heizer Render, 2009, pp. 222-225). In Hard Rocks Cafà ©, the food is the product and quality must be top the charts. Menu and quality surveys are being constantly and regularly reviewed by operations personnel. In operation management, establishing quality standard and control to meet these standards is the key to success but HR do better when providing the unique experience. Hard Rock is quite successful when using food (tangible product) as the medium to deliver exceptional entertainment and dinning experience (intangible product) and customer almost satisfy with unique visual and sound experience not duplicated anywhere. (Heizer Render, 2009, p. 83) 3. Process and capacity design: When decide the locations of their facilities, Hard Rock cafe has the process and capacity design with effective analyses the whole production process from purchasing food ingredients, to preparing the food to ensure the products in an efficient manner, cost effectiveness and labour requirements. 4. Location: According Oliver Munday, Senior Director Worldwide Cafà © Development, when considering a new location, a careful decision making process is used, as the investment for a new location is large and for example usually includes agreeing to a longer term lease on the location of 10-15 years or more because its play a role to ensure organization recovered the initial investment capital as well as minimum profit. . HRC carefully looks at several factors when considering a location. Political risk: In general, stable political of country can impact the decision of economic activities. It can be seen by the consistency of government policies that helps to ensure the interest of investor. On the other hands, a stable political situation will make people feel safety in working and increasing number of people comes to entertaining places. Currency risk due to inflation causing the economic crisis. Consequence, enterprise faces with difficult in exchange rate when earning profit cannot enough to compensate. Currency discount means pricing escalate, people live from hand to mouth. At that time, consumer will be reduced and the resulting decline in business revenues and profits, even losses. Social norms: in perspective consuming capacity of customer, there are two factors dominant: peoples income and culture, spending habits. If people have high salary, theyre willing to spend much more money for better life. On the contrary, they just spend money on what they really need. Second, due to culture life and spending habit they spend money on entertainment, leisure activities that their culture allows. But there are places where even though peoples incomes are really high but they practice in saving and spending. Brand fit: This factor is very sensitive and important that Hard Rock should consider carefully before naming trademarks and deploying their business. Customer will be outraged and boycott immediately with goods or services that offend communities ethnic or their belief. Social costs: This is cost that businesses have responsibility to contribute to society including taxes Business practices: Hard Rock interested in living standards and intellectual level where business located. 5. Lay out : Another reason helps HRC stands out the crowded restaurant is their layout. Just looking their big guitar outside, definitely it stimulates your curiosity get inside. The wall is being slapped with lots of memorabilia: guitars, drums, shirts, pants, shoes, scarves, handwritten come from music band or legendary musicians, such as Jimi Hendrix, Elvis, John Lennon HRC seems to be a live museum. 6. Human Resources: Company from small to large just only archive their operation management strategy with competent and motivate people. Many organizations have demonstrated that competitive advantage in operation can be build through a good human resource strategy. In Hard Rock Cafà ©, part of their missions is creating a friendly, funny working environment not only for employee but also for their family to make them feel not just come for work only but to enjoy the work since then they can deliver professional unique entertainment and dining experience to their guests and to ensure long term company success . Hard Rock has an employee Bill of Rights, outstanding pay, benefit and promotion that helps employee self-motivated individual, they also have policy hiring the best qualify not just best available. Human resource can be expensive, difficult to archive and hard to sustain but what weve seen in Hard Rock Cafà © with practice training and treat employee as you need individuality that not only go od for business but also definitely rock. (Heizer Render, 2009, p. 445) 7. Supply-chain management: Hard Rock has been explored new global resources to achieve maximum profitable via supply chain. Be aware the most advantages of outsourcing is cost saving and improve services level. Hard Rock has selected USCO logistics, a subsidiary of Kuehne Nagel, to take over distribution and replenishment of collectible and fashion merchandise for its cafes, hotels, and casinos in North America. (Albright, 2004) 8. Inventory, material requirements planning, and JIT Inventory is one of the most expensive assets of many companies and Hard Rock is not exclusive. With more than seventy thousand pieces of memorabilia, Hard Rock also has invested forty million dollars in one of the worlds largest collection of rock-and-roll memorabilia inventory. According Jay Heizer the objective of inventory management is to strike a balance between inventory investment and customer services and by using effectively software such as Excel OM, POM, Hard Rock has done a great of cataloguing every single item. With thousand memorabilia spread out 163 cafes world-wide in 52 countries, they know exactly what is on the wall in what cafe. Through inventory system and technology theyre quite comfortable to recall any memorabilia to refurbish it every 5 to 7 years. (Heizer Render, 2009, pp. 500-501) 9. Intermediate and short-term scheduling. In Service Sector such as restaurant and hotel, we must forecast capacity for long term, purchasing contract lending orders for intermediate term and for short term we must forecast schedule and purchase labour, food, supply. Hard Rock Cafà © is using a lot of forecasting techniques such as moving averages, weighted Moving Averages, Exponential Smoothing and Regression Analysis that helps manager to see the impact on demand of other menu items if the price of one item is changed. For example, if the price of a cheeseburger increases from $6.99 to $7.99, Hard Rock can predict the effect this will have on sales of chicken sandwiches, pork sandwiches, and salads. Managers do the same analysis on menu placement, with the center section driving higher sales volumes (Heizer Render, 2009, p. 647). 10. Maintenance Hard Rock Cafe got the goal of maintenance when they succeed to maintain the capability of the system over 52 countries and keeping a systems equipment in working order in 163 cafes around the world. To get maintenance activities more effectively Hard Rock need to implementing or improving preventive maintenance and increasing repair capabilities or speed. (Heizer Render, 2009, pp. 682-683) In light of the above,discussthe operations management challenges and opportunities forHard Rock when considering anexpansion of its business into Hanoi. Opened the first one in December 2009 in Ho Chi Minh, Hard Rock is facing with challenges and opportunities to expand the second one in Hanoi capital of Viet Nam. Lets using SWOT to analysis their strengths, weaknesses, opportunities as well as threats when coming to Hanoi 1. Strengths: With more than 40 years strong experience deploying services: hotels, cafes, restaurant spread out over 52 countries. Hard Rock absolutely brand power with high capacity, technology and network relationship. Hard Rock had experienced about VN market through the first Hard Rock in Ho Chi Minh. Hard Rock absolutely has some lessons learn from the first one about human resource, supply chain, inventory that is a challenges factor for Multi-Domestic strategy. 2. Weaknesses: Maybe need more research in emerging market as well as living habit in Hanoi. 3. Opportunities: Hanoi is the capital of Vietnam and was formed 1000 years ago, the center of politics, culture and economy of Vietnam. Hanoi is the first stop of tourists on their way to visit Ha Long Bay which is a natural wonder of the world, Tuan Chau resort, The Hai Phong port city Hard Rock will create a exchange cultural bridge between Vietnamese singer and international singer. 4. Threats: Considerations should be taken as well on regional segmentation of the market, like we usually say in the marketing and advertising industry, in Vietnam: Saigonese makes 10 bucks, borrows 1 and spends 11 while Hanoiians makes 10 bucks, spends 1 and saves the rest. Dont go rushing to Vietnam hearing the rosy stories. Take your time and breathe like a local before you make your move. Vietnam, like any other emerging market, is a long-haul market for any investor. While it is looked at as one of the 10 hottest emerging markets in the world with a very young population and a rising middle class, it is by no means providing a quick return on investmentespecially when you are offering a new product or service concept. Educating the market on the specialty coffee category. Try to understand consumer perception towards the category and match it with what you have in your pocket. You either are a pioneer and spend money to educate the market or wait until your competitors have done so and piggy back on market growth. Nevertheless, if your pocket is real deep, buy out a local business in the category and take it from there. Let me use the PEST framework for deep analysis and see other perspectives of challenges as well as opportunities to expand Hard Rock in Hanoi. PEST Analysis: Political: Government Stability: Since 1975 up till now, the political situation in Vietnam is very stable. This is a country of no violence, no terrorism, no constant protests that causing the political situation, culture and economy of the country. People feel peace in mind to work and live, play and entertainment. Therefore, many foreign do invest to Vietnam, and many tourists from all over the world visited Vietnam. Hanoi is the capital of Vietnam so that its inherited all the best characteristics. Economic: Growth, Inflation Interest Rates: In 2010, gross domestic product GDP in Hanoi increased 11% over the same period last year. Foreign investment in Hanoi reached $ 800 million, total revenue per capita GDP reached about 37 million per year (approximately $ 1,950 per year). But people who work in services, stock, handicrafts, owner of large, medium or small business have really high income. Price index increases, especially food commodities increased to 5.37%. Beverages price index rose 4.17%. Cigarette price index is up 2.25%. General food sector services have increased the price index Real Estate Market: Hanoi is a growing and expanding city so that real estate prices increasing so fast. Wherever roads and public services are built, the property prices rose faster and quite high. Although the city is planning to expand but property prices in the old city still very high and that led the fact, although Vietnam is a poor country, but property prices is more higher than other countries in the world. Tourists/business visitors: According to statistics, the number of international visitors come to Hanoi in 2010 increased 62% compared to 2009 while a domestic tourists increased by 10%. And has more than 30,000 international tourists visited the capital in 10 days Hanoi organized the celebration of 1000 years of Thang Long Hanoi Hotel: There are lots of luxury five start hotels in Hanoi such as Hilton, Sofitel Plaza, Sheraton, Sofitel Metropole, Nikko. Convention Center: Hanoi National Convention Center Vietnam was built with scale and international level, located at 57 Pham Hung Street, Tu Liem district. It was held the Economic Cooperation Forum Asia Pacific Economic Cooperation (APEC) in 2006. Retail: As well as other cities of a developing country, outside the supermarket and shopping center, the old town around Hoan Kiems lake where the famous retailer of the city including most of the essential goods from individuals and families stuffs to souvenirs. Socio-cultural Population Growth/Age Profile Population of Hanoi is about more than 6 million people. Especially, urban areas, downtown area and old town such as Hoan Kiem, Ba Dinh, Dong Da, Hai Ba Ba Trung district is very crowded. In these areas, the population density is up to about 35,000 people/km2 while other areas just 2000 people/km2. Age of working capacity is about 66% of the total population. Education, Social Mobility: Hanoi now has 52 elementary school, 27 colleges and 50 universities. There is also the Academy and the Center for scientific research. Transportation: Airport: a) Age of airport: NoiBai International Airport had built in 1977 and official opened in 1978. b) Number of Passengers: In 2010, Noi Bai International Airport has average 170 flights taking off and landing daily, and has served 9.5 million passengers c) Airlines: Vietnam has three airlines Vietnam, Jetstar and Vietjet airline. And most major airlines around the world have representative offices in Hanoi . d) Direct Flights: Noi Bai Airport has direct domestic flights to other cities in VietNam such as Ho Chi Minh, Nha Trang, Hue and international flights to other cities around the world as: Moscow, Paris-Charles de Gaulle, Seoul-Incheon, Kuala Lumpur, Tokyo-Narita. e) Hubs: Currently, Noi Bai International Airport is not on transit routes the international flights. However, visitors can stop to visit the capital Hanoi in Vietnam on the way to Hongkong, Japan, Korea, China,Singapore. Rail: Hang Co railway station is the center of the country, the starting point of five railway lines throughout the province from north to south and to the northern border. From the border, Vietnam railway connect to international railway to Beijing, China, and continue to many European countries. Road: Hanoi is the traffic junction of the roads in the country. Hanoi is the starting point of the route of Highway 1A entered into southern and route into Laos and Cambodia as well as go to the north border VietNam-China. Sea / River: Hanoi is laying on both sides of Red River, an important routes to Hung Yen, Nam Dinh, Thai Binh, Viet Tri, Pha Lai. Restaurants and Nightclub: Hanoi has many Restaurants and Nightclub and mainly concentrated in urban districts such as Hoan Kiem, Hai Ba Trung, Ba Dinh and Dong Da . Sports: My Dinh Stadium which was built in 2003, located in the south of the city, accommodating 40,192 seats. Sports Congress in Southeast Asia in 2003 and football Championships Southeast Asia 2008 was held here. Entertainment: Parks: There are lots of parks as Thong Nhat, Tuoi Tre, Thu Le which attracting visitors. Lake: One of the most prominent feature in Hanoi is a lot of natural lakes i.e Hoan Kiem, Dong Da, Thien Quang. The lakes in Hanoi are also attracting lots of visitor especially Hoan Kiem turtle lake associated with history. Theaters: Most of these theaters are concentrated in two districts of the city center is the Hoan Kiem and Hai Ba Trung district. In addition, the old city where the traditional villages and many other historical sites that tourists often come to Hanoi to first priority visit i.e Quoc Tu Giam place where President Bill Clinton had visited in 2000. Technological Impact of Emerging Technologies. Impact of Internet and Reduced Communication Costs. RD Activity. Impact of Technology Transfer.. Vietnam is a developing country and all needs for life constantly increasing. Vietnam is also a place attracting many tourists from Europe, Americas.. Because of these reasons, the consideration of expanding Hard Rock Cafe in Hanoi in this period is a job should be considered. Assume Ba Dinh Square or Hoan Kiem Lake is center point, the most potential area for business location should be placed on Ba Dinh or Dong Da district or adjacent to the Hoan Kiem or Hai Ba Trung district. Similar as people in Ho Chi Minh and other cities across the country, every night, people is going toward downtown. It has created resurgence of City Centers at night Thus, Hoan Kiem and Hai Ba Trung district or near the Hoan Kiem area is absolutely a great ideal for location, but found available space here is extremely difficult. Moreover, location decision is at a 10-15 years commitment. First, lease premises from 10 15 years to ensure have enough time to recover the initial investment capital and gain a profit. Second, the premises are not in the areas that the government put into the clearance plan within 10-15 years. In the other hands, due to harsh natural conditions, Hanoi usually got flooded annually or disasters that damaged crops. Since then demand of entertainment will be cut off. The consumers will significant decrease. Also consider psychological factors of Hanoi in particular and people in northern Vietnam general. Due to undergo the hardships of constant war Due to undergo the hardships of constant war, the harsh natural conditions, people are saving as a precaution for the risks in the future, with hope to build a better life for next generations. Therefore people are considering on spending something.

Symbolism of the Conch in Lord of the Flies by William Golding :: Lord of the Flies William Golding Conch Essays

Symbolism of the Conch in Lord of the Flies by William Golding In William Golding's Lord of the Flies the Conch represents power and order. Power is represented by the fact that you have to be holding it to speak, and Order is displayed by the meetings or gatherings that its used to call and hold. The Conch's power is presented in the very beginning on pg 22 as the children vote for Ralph to be chief just because he was the one with the Conch. ' "Him with the shell." "Ralph! Ralph!" "Let him be chief with the trumpet thing" ' this excerpt from pg 22 shows how everybody seems to think that power, responsibility and leadership skills comes from the Conch. Another Example of the Conch's Power is the fact that through out the book the conch is the only tool that can call a meeting and wherever the Conch is thats where the meeting is. No other symbol in Lord of the Flies holds so much power. This is one of the reasons that Jack Merridew disrespects the Conch. He wants to break the spell the symbol has on everybody. He wants to prove that he is the rightful leader. The Conch also displays order through the rule that you must have the Conch to Speak in an assembly or meeting. "And another thing. We can't have everybody talking at once. We'll have to have 'hands up' like at school." At first everyone thinks that this is the best method to maintain order but soon they find out how quickly the power of the conch is abused by Ralph and Jack. On pg 89 While Simon is trying to speak Ralph and Jack try to get him to sit down. " 'Sit down' 'Shut up' 'take the Conch!' 'Sod you' ' Shut up!' " This shows early on that the Order is starting to fall apart, fortunatly Ralph doesn't become a corrupt leader he keeps his head on straight which causes the others to get restless. They want to have fun but Ralph being the leader doesn't have a choice some things need to be done in order to stay civilized. Jack on the other hand decides to separate and build his own "Tribe" he uses catchy words like "We'll hunt and have fun" but in actuality Ralph's group which is declining is the safer and the more fun of the two. Here's an excerpt on pg 92 that shows that Ralph is losing control of Jack and the Conch is loosing its effect on the other

Flawless Heroes? :: essays research papers

Flawless Heroes? It is important for youth to have heroes but society cannot ignore the facts and only report on the good side of those heroes. Everyone is human, and they are going to make mistakes. Hopefully they learn from those mistakes, and if those mistakes are brought to light and conveyed to the young people then they too learn from those mistakes. History has a duty to report on the entire story. To report anything less would be wrong. To just simply say that Columbus was a perfect man who never did anything wrong would paint an unrealistic picture of the past. Mr. Gibbon, the author of this article seems to think that reality is a bad thing and should not be taught in our classrooms. Today's youth however need to be prepared for life in some way. They cannot be fed everything with a sugar coated spoon. If they were given everything on a silver platter like that then when they walked out into the real world for the first time they would not be able to adjust and become a productive part of society. Today's young people are in search of heroes as Mr. Gibbon suggests, but every person is going to have some skeletons in their closet, hero or no hero. To ask society to ignore the facts just so young people can feel that these people are perfectly squeaky clean is wrong. Society cannot lie to them. There is some value to teaching reality even though Mr. Gibbon doesn't seem to think so. Mr. Gibbon mentions that there is some sort of "tradition of exemplary lives" in society's heroes that used to exist but no longer does. However there never was such a tradition of wonderfully perfect people with perfect lives. Back then people ignored the facts and decided to believe that these people were perfect when the fact was that they were not perfect, they were just human. You cannot shield today's young people. You can't just cover their eyes to reality. Reality must be exposed and studied so they can try to understand the world. I agree with Gibbon that parents are the first and most important educators and they must try to make their lives exemplary so their children will

Psychological problems Essay

Early adulthood characterizes a salient developmental phase in the life cycle. There are times, though, when psychological problems begin to appear at this time. Among these key psychological problems include: finding a secure personal identity, making mature intimate relationships, forming up of ideological values looking to the future, identifying a longstanding vocation and realizing one’s bearing. This being a formative period in life, the issue of identity plays a crucial role in sexuality, gender and intimacy. Young adults deal with these elements in more peculiar way. This is because they have energy, hope and idealism that affect the whole society. In the long run, the society plays a major role in affecting the development of young adults. The emotional ups-and-downs tend to drop in early adulthood and become more private and subtler. The young adults are also faced with the desire to have children. This may be because they feel lonely just after college and the fact that they are independent miss closeness to high school and college friends. Some young adults find it difficult to establish mature and intimate relationships. This may be centrally attributed to the way the society defines physical appearance. In this case, for example, an obese young adult may suffer emotionally just because the society relates pleasant appearance to slenderness (especially in women). There exists a presumption that the obese are lazy or glutton. This instills feelings of rejection, depression and shame in the young adult and therefore hampering the making of relationships. The young adults also have a problem with getting to understand their bearing. This is the time you will find them, out of desperation, engaging in alcoholism. According to Boyd, D. & Bee, H. (2006) there exists a correlation between young adult personality and alcohol behavior problems. This however differs for men and women. It is higher in males than females. This is due to shared environmental effects among males. Here some individuals may feel that they are not good enough in the environment they are in because they can’t find job that measure up to their intellectual level. There is also this perception that everyone is doing better than you are in the environment. It is argued that in early adulthood one is likely to suffer from some health problems associated with their psychology (Santrock 2008). In formation on the determinants of health in early adulthood show various transitions necessary to health and later life. Psychological distress causes poor health in early adulthood. The psychological problems may be brought about by the individuals feeling insecure regarding the (1) near future, (2) the long-term plans, life goals, and (3) present accomplishments. When finding a long-lasting vocation become elusive, some individuals feel insecure. For educated individuals who have come to terms with the real life especially in terms of responsibilities experience career stagnation and become extremely insecure. Here they taste the tough, competitive and unforgiving world as they ever imagined. Even with the qualifications they have spent much money and time on are not able to prepare them for this disenchantment. Birren and Schaie (1985) in their book psychology of aging postulates that many individuals after college graduation do not live up to a good standard of living. Many end up in low class houses with roommates instead of having better income to suffice their needs. These substandard living conditions and repetitive work create a lot of anxiety, anger and frustration. They deny feeling like losers and this secrecy intensifies the problem more. Reference: 1. Birren, J. E. , and Schaie, K. W. (Eds. ). (1985). Handbook of the psychology of aging. 2nd Ed. New York: Van Nostrand Reinhold. 2. Boyd, D. & Bee, H. (2006). Lifespan Development (4th Ed. ). New York: NY. Allyn and Bacon. 3. Santrock, J. W. (2008) Life-span development (11th Ed). New York: McGraw-Hill. Payne, V. G. , & Isaacs, L. D. (2008). Human motor development: A lifespan approach (6th Ed. ). New York: McGraw-Hill.

A pocket guide celtic wales

The CeltsThe Celts are normally associated with Ireland ; nevertheless they did non arise from the island state, nor were they confined to that individual country. The first people to hold the same cultural traits originated in Northern Italy around 400 BC. These people finally created an imperium that spanned across Europe. Harmonizing to archeologists, the Celts originally migrated from Asia Minor into Western Europe, sometime during the Bronze Age, and so began to distribute across the continent. Most people lived in small towns which were all linked together by a larger cardinal town which acted as a topographic point for meeting and to carry oning concern. Along the normally traveled roads, there were both shrines and bastioned metropoliss erected for travellers. The Celts were a non-literate society that passed-on their civilization and history through unwritten tradition. The lone written record of the Celts can be found on coins or written records from ancient writers ; nevertheless these records are frequently inaccurate due to the fact that they were frequently written when the Celts came into cultural competition with the Greeks and Romans, where they were frequently branded as savages. The world is that the Celts physical characteristics, frock, and civilised manner of life were frequently admired. Women by and large stood taller that most Roman citizens, and upon making the proper age, immature adult females would get down have oning their hair in intricate plaits and would have on intricately embroidered frocks, frequently plaid in form. This plaid form was found in both adult females and work forces ‘s vesture along with gold and Ag watchbands and rings which were worn by the wealthy. The Gaelic work forces would frequently sp ike their hair and turn out their face funguss ; in some folks so would even tattoo their weaponries and even their face with bluish ink. The Celtic society was a hierarchy based system which was divided into three groups: The Warrior Aristocracy, the Intellectual Class made up of poets, legal experts and the Druids, and so everyone else ; nevertheless these three groups were farther divided into sub-groups. The society was based on affinity and what tribe the individual belonged to. One ‘s ethnicity was chiefly derived from a larger group called a Tuath, but finally one ‘s kin or Cenedl. Much like the packs of today, disputes between persons would ensue in a difference between the kins that the persons belonged to. It was the occupation of the legal expert, known as Brithem, to intercede these differences between kins. Within Celtic society adult females held a high function. Often adult females would really take part in conflict as warriors and some even held places of power within the kins. Even though most constructs of the Gaelic people are that of ferocious warriors, batting with painted faces, half bare, and ready to take on any enemy that crossed their way, this was non needfully the instance. The Celts were a really superstitious and spiritual society, which is frequently incorporated with the images of Druids. This image of Merlin projecting charming enchantments and turning his friends into cunning animate beings is the â€Å" Disney † version of Gaelic civilization. This image ignores the true bloodiness of the Celtic civilization which included human forfeit by fire or boiling the victim alive. Until Rome became a Christian imperium, the Celtic imperium in Gaul practiced the tradition of nailing the caputs of their conquered enemies to their doors. There are two theories on the beginning of the Celtic faith ( known as Druidism ) . One theory is that the faith spread as the Celts migrated west across Europe, conveying their faith with them. The other theory is that the faith really began in the British Isles, where Druids were trained in their faith and so be sent back into Europe to distribute Druidism. This faith was nature based, which is known today as â€Å" Earth Spirituality † . It is thought that there were three different categories of Druids ; the differences believe to be that of their degree of preparation and different maps. There of class was the Druid, so the Bard and so the Ovate. These Druids did non merely map as spiritual leaders, but they besides held places as Judgess, and it is besides believed that there are ArchDruids who had control over huge countries, really similar to Christianity ‘s Archbishops. Another of import portion of Celtic life was the festivals held throughout their 13 month lunar calendar. Because of the uneven figure of months, they would frequently add yearss as the terminal of the twelvemonth as â€Å" clip between times † . During their twelvemonth they had a sum of four festivals tied to their agricultural rhythms. The first of their festivals took topographic point on what is now October 31st to November 1st. This festival known as Samhain and celebrates the terminal of the crop, the beginning of a new Gaelic twelvemonth and a jubilation of the dead. During this vacation it was believed that the infinite between the human universe and the spirit word thinned ; so work forces would run with torches around their houses to guard off evil liquors. The following festival was held on February 1st to the 2nd, which is now the modern twenty-four hours Groundhog Day. This festival is known as Imbolc. It is simple and merely celebrates the beginning of spring fo r the Celts. The 3rd jubilation of the twelvemonth was held from April 30th to May 1st and was known as Beltane. This festival celebrates birthrate and is now known as May Day. The celebrations normally included kids running about a pole with ruddy and white thread and picking flowers. Finally, a elephantine balefire is lit to observe the return of the Sun to the land. The concluding jubilation of the Gaelic twelvemonth was known as Lughnasadh and took topographic point July 31st to August 1st and celebrated the beginning of the crop. Besides the festivals that dealt with the agricultural twelvemonth, the Celts besides had four jubilations for the equinoxes and the solstices. The first jubilation was known as Alban Arthuan, which translates to Light of Arthur, and was the festival of the winter solstice. This festival, much like other winter solstice jubilations everyplace, celebrated the return of the Sun after the shortest twenty-four hours of the twelvemonth. The following jubilation was known as Alban Eiler, which translates to Light of the Earth, and celebrated the youthful equinox. Not merely did the Celts observe the balance of twenty-four hours and dark but they besides believed that it was the balance between their universe and the spirit universe, therefore believing that this twenty-four hours had the most possible for thaumaturgy. The 3rd jubilation was known as Alban Heruin and was the jubilation of summer solstice. The Celts observed this vacation by playing games and holding field daies. The concluding jubilation is known as Alban Elued, translated to Light of the Water, is the jubilation of the Autumn Equinox, and like the youthful equinox , it was believed to be a clip where thaumaturgy was possible. One can evidently state that farming played a big function in the lives of the Gaelic people. The Celts of the Iron Age Britain chiefly farmed in settled communities, where the people would be given to their farms and farm animal. Archaeological grounds shows that there were besides pastoral husbandmans, but non about every bit many as settled farms. In both Southern and Eastern Britain, big subdivisions of land were used for farming. Here they grew harvests such as maize, herbs, roots and wheat. The Celts grew different types of wheat such as oats, rye, barley and millet ( Evidence of their dependance on grain can be found on ancient Gaelic British coins with the word picture of antediluvian grain on them ) and like the grain silos of today ; famers in Celtic Britain used belowground cavities to hive away grain and other excess harvests. These cavities were normally lined with wood and recent archeological digs have revealed that it was common for husbandmans to go forth offerings t o the Gods at the underside of these cavities, assumedly to guarantee a successful crop. The Celts of Britain besides had a system of forming land for farming which could be traced back to the Bronze Age. This organisation is seen chiefly in the layout of fencings on a big graduated table. Gaelic Britain was one of the larger agricultural communities and is where the first regular rectangular farm Fieldss were introduced. Later in the Iron Age ( about 100 B.C. ) woods and woodland countries began to be cleared to be used as farming area. Not merely were the Celts one of the first civilizations to clear forest for agriculture, but they were one of the first civilizations to successfully use the Fe plough. Crop cultivation was non the lone signifier of subsistence know in Celtic Britain ; Pastoral agriculture was the other common agricultural system of the Celts ( besides the most of import ) , normally practiced in portion with harvest cultivation. In Gaelic civilization the more cowss a adult male owned, the wealthier he was. The nonextant Celtic Shorthorn was the cowss of pick for the Celts, utilizing them both for their milk and butchering some for their beef, which was the chief meat eaten of the clip. This system in which cowss represented wealth, a alone act came into pattern known as Cattle foraies, which is the act of stealing another adult male ‘s cowss. Often these foraies would move as turn outing evidences for immature Celtic warriors looking to turn out themselves. The Celts besides raised sheep ; non for meat but to maintain alive to utilize their wool, and one time the sheep had become old they would be butchered for mouton. Another animate being the ancient Celts of Britain domesticated was the hog. It was smaller than a modern twenty-four hours domesticated hog and was a cross between a wild Sus scrofa and a Tamworth hog. They raised these animate beings purely for the intent of supplying jambon, sausage and bacon. In the Gaelic civilization there were three chief groups that all shared the same civilization ; The Celts of Britain, the Celts of Ireland and the Celts of Gaul. Even though they were 100s of stat mis apart they all shared the same cultural traits. Even though Romans looked at the Celts as savages, they truly had a simple society rooted faith.Bibliographyâ€Å" Celtic Europe. † Www.watson.org. Web. 30 Nov. 2009..â€Å" CELTIC HISTORY ; BRIEFLY†¦ † Joelle ‘s Sacred Grove Entrance. Web. 01 Dec. 2009..â€Å" Gaelic Mythology and Celtic Religion. † Heart o ‘ Scotland – Scots Art, Books, Music, History. Web. 20 Nov. 2009..â€Å" The Celts. † Ibiblio.org – people. Web. 01 Dec. 2009..â€Å" The Celts. † Washington State University – Pullman, Washington. Web. 29 Nov. 2009..Ellis, Peter B. The Celts, A History. New York: Carroll & A ; Graf, 1998? Print.â€Å" Farming in Celtic Britain – The Celts. † The Ce lts and Romans – Synergistic History Resources. Web. 07 Nov. 2009..Green, Miranda, and Ray Howell. A Pocket Guide Celtic Wales. Cardiff: University of Wales and The Western Mail, 2000. Print.James, Simon. The World of The Celts. London: Thames and Hudson Ltd. , 1993. Print.â€Å" Triskelle – Irish history: Gaelic Social Structure. † Triskelle – Spending Time In Ireland – Irish History, Music, Lyrics and Tourism. Web. 01 Dec. 2009..

Cause & Effect of European Exploration

Cause & Effect European Exploration Essay Throughout history, people have been curious about finding new land and exploring. Many different factors stirred interest in colonization and exploration for Europeans. During the 15th and 17th centuries Europe was changing rapidly and had its own reasons for growth. All of Europe had the excitement and hesitation of finding new places. There were many reasons for Europe to grow and expand, some of the causes for Europe’s expansion were; a search for new trade routes, religion, new technology, the desire for new products and gold.Europe wanted to find a new trade route to Asia because they wanted the silk, spices, jewels, and riches from China and India that were very valuable. One of the problems that were faced was that when they arrived in Western Europe, the products had been taxed so many times along the way that they were extremely expensive. They wanted to find a route around so that they could get the goods first. They wanted to find a northwest passage.Christian rulers in Europe wanted to spread their religion of Christianity throughout the overseas exploration, they felt they had a duty to keep fighting for Muslims but also to convert non- Christians throughout the world. Bartolomeu Dias (Portuguese explorer) said that his motive was â€Å"to serve God and His Majesty, to give light to those who were in darkness and to grow rich as all men desire to do. † European explores had better navigation skills and equipment to help them find their way.They had a compass and moveable rudder which allowed the explorers to sail even further than before. They also used an astrolabe which used the stars to determine how far north or south they were from the equator. European explorers were on a mission to find these new lands and new technologies, those causes stimulated effects for the aftermath of the exploration. One of the effects on European exploration was the Columbian Exchange. This exchange consisted of trading between the Americas, Europe, Africa and Asia.The Americas sent over squash, pumpkins, turkey, peanuts, potatoes, tomatoes, corn, sweet potatoes, peppers, tobacco, pineapple, cacao, beans and vanilla. Europe, Africa and Asia sent over citrus fruits, bananas, grapes, sugar cane, honeybees, onions, olives, turnips, peaches, pears, and coffee beans. They also sent over items other then food such as grains, wheat, rice, barley and oats. They sent many types of live stock and a huge thing they sent over was disease. The Triangle Trade was another trading system between New England the West Indies and West Africa.New England sent West Africa rum, guns/ gunpowder, cloth and tools. West Africa sent sugar and molasses to New England and New England sent back livestock, lumber, flour and fish. As the trading increased during the sixteenth and throughout the eighteenth century, millions of people were taken out of their home and deported to plantations in the New World. Europeans r isked their lives to explore new lands, the expansion abroad come with hopes for land, riches and social advancement.

The Explorer Doughter

The Explorer’s Daughter Background Kari Herbert, whose father was a polar explorer, lived as a child with her family in northwest Greenland in the Arctic. She was so fascinated by the place she returned there later as an adult to write about it. The book from which this extract is taken is partly a memoir (a form of autobiography) and partly a travel book, giving the reader information about this strange and beautiful place, its people and its animals. She found that the way of life of the Inughuit people was changing under the impact of the modern world, but that they still retained aspects of their traditional way of life, for instance hunting for food and driving teams of dogs. A major part of the passage is an account of a hunt for narwhal whales. Hunting is a very emotive issue and many conservationists argue that whales should be protected. Kari Herbert’s feelings are divided on this topic. She sympathises with both the narwhal and the hunters, who face incredible danger. They hunt in kayaks – flimsy canoes – in water so cold that they would die quickly if their kayak overturned. What can I say about language? This passage has many purposes. The writer uses language in differing ways to fulfil these. She uses description to convey the beauty of the setting, gives us information about the Inughuit and the narwhal, dramatises the hunt, and gives us an insight into her own thoughts and feelings. Complete the following table to help you sort out these various strands. Kari Herbert sympathises with both hunter and hunted, and this tension is shown in this passage. Complete the following table to highlight this aspect of the passage Pharagraph by Pharagerph Paragraph 1 â€Å"†¦ spectral play of colour. † This sentence shows a sense of immediate aroma. It is an imagery so give a strong sense of place and setting. â€Å".. butter-gold.. † This text shows a sense of wealth â€Å".. shifting light. † is Poetical Paragraph 2 â€Å"dead of winter† This is a metaphor – weaker setting the tone is ominous and there is the sense of place and danger Paragraph 3 â€Å"dead of winter† is a metaphor to show a weaker setting. The whole of paragraph 3 has an ominous tone. It shows a sense of place and danger. Paragraph 4 The whole of paragraph 4 has a shift in tone from paragraph 3; it is more factual, informative and for example shows this by using technical words. It is also the biggest paragraph. In the context you find out that the community really relies on the hunting and how dangerous it is. Paragraph 5 â€Å".. clustered.. † The word clustered is a powerful connotation, it means that the women are scared so they huddle together and try to comfort each other. â€Å"It was like watching a cast, waterborne game with the hunters spread like a net around the sound†. This sentence is imagery. It has added adverbs to show how scared the women were and how much their husbands are important in their life. Paragraph 6 â€Å"†¦ gently picked up his harpoon† thought and care, focus on the actual hunt and the text also switches back to the hunters. â€Å"†¦ two heads and one bladder† not high-tech technology, limited, she respects them because they are using a harpoon, she is sympathetic to the narwhal and the hunters, dramatic. â€Å".. urge†¦ † to show how strongly she wanted the narwhal to survive â€Å"†¦ o dive, to leave, to survive† – triad Paragraph 7 â€Å"The dilemma stayed†¦ † This shows that she's not that sure who to be sympathetic for, the narwhal or the hunters but her sympathy gets switched back to the hunters un this paragraph. â€Å"How can you possibly eat seal? † is a view point of society this shows that the modern person thinks that this is a crime. -she build s up her argument, these are the points of her argument â€Å"use every part of the animal† – so theres no waste/leftover â€Å"imported goods can only ever account for†¦ † â€Å"do not kill for sport†

Characteristic Of A Moral Person Philosophy Essay

Characteristic Of A Moral Person Philosophy Essay Moral are defines in many ways by the understanding of an individual. Generally, moral is defined as the principles of right and wrong in behavior. That is, the capability of an individual to differentiate the right and wrong action. Morality is taken to be significant, moral actions are frequently taken to merit praise and rewards, and immoral actions are often taken to merit blame and punishment. Moral principles are an important part of what makes a good person. Therefore, what are the characteristic of a moral person? It’s the action you take to carry out the values, ethics and morals that you believe in. Our character is not mirrored by what we say, or even by what we aim, it is a reflection of what we do. Being of good moral personality is to have a collection of attributes which make up your behavior and define the way in which you act which are considered respectable. How do we judge an individual as a moral person? However, do we judge by society’s principles for moral standards or by religious moral standards? Yes and No. For example, killing someone is immoral but moral sometimes. In an unlikely scenario, the act of self-defense by killing someone to protect oneself from danger is immoral or moral? In most cases self-defense is a justifiable cause for killing. In another scenario, a poor man steals from a rich man to support and pays for his daughter medical fees. This man is performing in a way that makes us respect him as he cares for his daughter. Is it a moral act? It could be as the poor man is desperate for money and he is trying to save his daughter’s life. He is after all steals from a rich man who has extra money and it wouldn’t hurt to lose some money. Nevertheless, it is always a wrong action to steal in the society’s view. But we are to be careful when judging them based on moral standards. Contents :The Characteristic of A Moral Person Responsible There are many important characteristic of a moral pers on. One of them is having responsibilities. Responsibility, a noun is derived from responsible is a person worthy of trust, having an obligation or a duty towards something. To be morally responsible for an action, is to be worthy of a certain kind of reaction such as compliment and blame for having performed it. Moral responsibility is when there are right things that one should do. Though an individual do have a choice to do what is right. Caring for family, making a living and paying taxes are some moral responsibilities that are right. A moral person has responsibilities towards people, animals and the environments. For example in a situation of car accident, a moral person would call an ambulance or helps the injured out of the car. It depends on how morally they are and their courage to help. Conversely, an immoral person would just look and walks away. Besides that, a moral business owner has several responsibilities to their employees. They would be responsible to ensure its employees are paid on time and also to have a moral and legal responsibility to provide a safe and healthy workplace. A moral person would be responsible to care and protect the animals and the environments. They would not throw rubbish anywhere to keep the environment clean nor would they participate to animal abusive.

MW Petroleum Corporation (A) finance case Study

MW Petroleum Corporation (A) finance - Case Study Example Apache on the other hand is seeking to grow. This is a good opportunity for the company to do so. This transaction would be beneficial to Apache the portion of MW Petroleum that Apache is considering is located in the same general area where the company currently operates and so consolidation will further reduce costs. This should allow for increased economies of scale in the form of reduced direct operating costs and even more so overhead costs for Apache. It is cheaper for Apache to buy an existing business as it has been doing rather than carry out exploratory drilling. This acquisition will also allow the company to diversify geographically its portfolio of assets which is important when the riskiness of the operations is considered. This diversification will somewhat help to stabilize Apache’s earnings even though both gas and oil prices are highly volatile. The acquisition of Amoco will also enhance Apache’s standing among US independents and lead to even further acquisition opportunities. The company is considering further growth opportunities in the future and this represents a stepping stone that will allow Apache some amount of bargaining power and would therefore put the company in a better position to compete with other companies. It is reasonable to expect that the MV properties are more valuable to Apache than to Amoco because Apache will benefit from synergies and rationalization of expenses. Table 2 below shows the present value of the aggregate overheads that Apache could reduce substantially if the acquisition takes place. Amoco would be better off if it had cash in hand which the company could invest in more profitable ventures. Currently, the properties are not contributing substantially if any at all to the company’s overheads. Part 1 (b) The sources of value that most plausibly account for the difference between buyer and seller are: The exclusion of fields in Michigan and the Gulf of Mexico; Expected synergies; Other opportunities mentioned; and The beta value that was used. Exclusion of Fields in Michigan and the Gulf of Mexico Apache was only interested in fields containing approximately 78% of MW’s proved developed reserves and 75% of the Proved undeveloped reserves. These account f or approximately $120 million of the difference. No details were given of the percentage of the probable and possible reserves that would be included in the fields in Michigan and the Gulf of Mexico. However, these could be substantial. Assuming that these fields are in the same proportion as the proved undeveloped reserves then the total value would be approximately $906 million. This is 294 million less then the $1.2 billion that Amoco indicated that the properties were worth. See APV Calculations in the Appendix. Table 1 Reserves Total (MMBOE) Proportion included in Purchase Value included in APV Total Value Proved Developed Reserves 155.2 78.22% 121.4 247,750,571.44 316,728,901.87                   Proved Undeveloped Reserves 25.6 75% 19.2 151,257,604.86 201,676,806.48 Sub Total          399,008,176.30 518,405,708.35                   Probable Reserves    75%    145,575,867.21 194,101,156.28                   Possible Reserves    7 5%    145,125,191.13 193,500,254.84                   Total          689,709,234.64 906,007,119.47 Synergies The synergies can be quantified as some overheads would be much reduced as well as some direct operating costs. The table below shows the present value of the projected aggregate overhead expenses. Apache is expected to save a substantial portion of this approximately $201 million. Table 2 Year Aggregate Overheads PV Factor (13%) PV Cash Flow 1 36.6 0.885 32.39 2 38.7