Monday, September 30, 2019

Proper Procedures for Production Schedules and Risk Management Essay

In the United States Army Food Program there are specific ways to fill out and prepare documents according to AR 30-22, The Army Food Program. These procedures are outlined in the Department of the Army Pamphlet (DA PAM) 30-22, Operating Procedures for the Army Food Program. This paper will advise the proper way to document the required items on a Production Schedule as well as completing a Risk Management Data Log – Cooking and Serving as summarized from DA PAM 30-22. DA Form 3034, Production Schedule is a document used to outline the specific products to prepare for a meal. Each meal for the day will have a separate completed Production schedule and set of Risk Data Management Logs. A Production Schedule will be prepared despite the size, or environment, weather that be in garrison or in a field environment. When filling out a DA 3034, it should be clearly understood by any cook personnel. Within the DA Form 3034, Production Schedule are 16 data categories or columns. Columns 1 through 6 pertain to the location and meal, the columns include the date and hours of the meal as well as the unit and projected headcount for that meal. Columns 7 through 14 informs the reader of the product including the person assigned to that product and when he or she should start, how many portion to prepare, and the recipe number in witch to follow when preparing that product. After the meal the shift leader would then fill in columns 12 and 13 regarding how many portions were actually prepared during the meal and how many portion discarded or leftover for a following meal. There is also a column to specify all if any special instructions, for example any added ingredients or specific details on how the manager wants that product to be prepared. Leftovers or discards should be entered immediately after the meal is completed. These items should be filled out in pen weather blue or black and highlighted with a read through fluorescent marker. These items should also reflect on the subsequent menu. Any menu changes including but not limited to; portion size, ingredients used, or serving instructions will be annotated. On the AFMIS generated Production Schedule it also list the products that have Critical Control Points or CCP’s. These points represent the potential for bacterial growth if the product reaches above or below a specified temperature. Reference TB MED 530 for more information regarding those temperatures. For products noted with a CCP you must check the product throughout the meal to make sure that foods stay at the right temperature. IE: Hot foods need to stay at or above 140 degrees for 15 seconds or longer. Cold foods need to stay at or below 40 degrees for 15 seconds or longer. On the production schedule you should annotate the readings as the temperature/15 seconds followed by your initials. For example 145/15 sec. JS. Annotating CCP’s on a DA 3034 Production Schedule along with completing a DA Form 7458 Risk Management Data Log Cooking and DA Form 7459 Risk Management Data Log Serving is required to maintain food safety and health measures. Risk Management Data Logs are used to document appropriate safety monitoring measures of the cooking and serving process according to TB MED 530. The shift leader will fill out the DA Form 7458 with the appropriate date and meal as well as who is monitoring the products to be checked. On the Cooking Data Log the products to check for breakfast should include 2 meat items and 2 other hot items. For lunch and dinner, 3 entree items should be checked as well as any leftovers intended to be used for that meal. You should monitor the internal temperature for the specified product throughout the cooking process until the internal cooking temperature is reached (specified in TB MED 530). On the DA Form 7459 Risk Management Data Log Serving you should check three menu items that are cold served focusing on items like pasta, diced meats, fruit and vegetable cut ups, and creams found most commonly in desserts. For hot serving during breakfast check 2 meats to make sure they are holding an internal temperature of 140 degrees or higher for at least 15 seconds or longer. Be sure to include one self-service item as well. It is required that you check the same items 2 to 3 times during the serving period. For the lunch and dinner periods check at least one meat and 3 other hot menu items. When filling out the information onto the 7458 and 7459 Data Logs you have different CAT’s or categories. On the 7458 you have CAT’s 1, 2, and, 3 respectively they correspond with the cooking temperature required 1, >145 2, >155 3, >165 these temperatures are concurrent with the internal temperatures needed for the different meats used in the products (reference TB MED 530 for the different meat internal temperatures). For each product enter the CAT and the piece of equipment you used to cook or heat the product. Then annotate the times and temperature each time you checked the product throughout the process. If the required temperature is not reached when you check the product continue cooking and mark the corrective action. On a 7459 Serving Data Log annotate each products CAT and location of the product and the times and temperature of the product when you check it as well as any corrective action for products in non-compliance. For each day and meal period a separate 7458 and 7459 Risk Management Data Log must be completed. By following these simple steps when filling out a DA Form 3034 and DA Forms 7458 and 7459 you are ensuring that the proper procedures are maintained in the Army Food Program.

Sunday, September 29, 2019

Human Relations

Human relations is the ongoing development of bringing the workers more into communication and contact with their organization in order to have an effective work environment. Human relations is aimed more for the people and for their treatment in the workplace. In order for human relations to be successful, the manager needs to not deviate from the organizational goals. Human relations however requires participation from both the manager and worker. 3. ) Scientific managers knew very little about human relations.Scientific managers ere intelligent people who used their technical expertise to create an environment that achieved the greatest amount of productivity. Although this method of management was effective in terms of output, there was no humaneness with this process. Scientific managers viewed all workers as production beings rather than human beings. 4. ) Some of the principal findings of the Hawthorne studies was that the productivity of workers was not directly related to th eir physical surroundings, but in fact related to their human relations between one another.When the physical surroundings were changed in the workers work environment, both the control and test groups production increased. Physical changes were shown to not have been the reason for the production increase but rather the improved attitudes of the workers that increased output. These findings were very important as it shows that the human workplace was more of a social environment in which the workplace benefited with having social interaction for both the worker and employer. 6. ) The traditional model is very different than the human resource model. The raditional model is more focused on the company rather than the people.The human resource model implements aspects that are appealing to both employer and employee. In the traditional model, work can be very disliked by most of the employees, managers must supervise their subordinates very closely, and people are expected to tolerat e work of the pay is decent. In the Human resource model, work is enjoyed by the people as they feel that they are contributing their skills in order to reach a company goal. Managers can also create an environment which allows the orkers to use their full ability instead of having to dictate each task step by step as seen in the traditional model. . ) Management of diversity is very important in human relations because it allows the the workplace to advance with its diversity and all potential is maximized and at the same time all disadvantages are minimized. The population of the world is always changing, there will be 129 million more people working in 2050 as there was in 1995. The expected ethnicity changes in the United States claim that there will be almost half the nation's workforce who will be of ethnic race.

Saturday, September 28, 2019

ASTON MARTIN BRAND AUDIT Assignment Example | Topics and Well Written Essays - 3000 words

ASTON MARTIN BRAND AUDIT - Assignment Example Moreover, the company holds various elements, which constitute its success factor in the highly competitive automobile industry. Such strengths define the resilience of the grand logo of the company, despite the weathering challenges in the markets. The founders of the corporation were Lionel Martin and Robert Bamford, both of United Kingdom. However, over the years, it changed ownership with various parties buying shares in the company including the Ford brand among others. Today, the leading individual shareholders and owners are David Richards and Baimler AG (Dowsey, 2010). The other shareholders are companies with shares in Aston Martin. Aston Martin is a company whose existence now spans 100 years of operation. The company was established in 1914 and has been operating since its institution (Dowsey, 2010). Further, this forms a heritage factor for the company, which makes it a preferable choice for many of its consumers. Aston Martin is an automobile company whose operations focus solely on the manufacturing of vehicles and wares of vehicles. The company products feature in the motorsport industry, as well as, the personal car industry. The company also factors the production of cars for luxury purposes, a leading service that it facilitates to its consumers (Dowsey, 2013). The operational elements of its products and services entail the highly competitive automobile industry, where the company products feature as leading operator and identifiable market share leader. The company Aston Martin has its base in the UK market. The head office operations are in the UK. However, it also features its operations in other sections such as America and Asia. The notable market leader in the UK has its products across the globe; hence, its scope is global (Dowsey, 2013). The company utilizes its networking ability to venture into markets across the continent accordingly, incorporating its strategic marketing features and management

Friday, September 27, 2019

The concept of power Essay Example | Topics and Well Written Essays - 3000 words

The concept of power - Essay Example Mistrust among nations, fear of attack by other nations, breaking of international agreements by some nations and urge to establish supremacy over other countries had continued unabated even after the Second World War leading to cold war among nations. The most unwanted result of this mad military race among nations was the diversion of public welfare funds to create nuclear weapons. Now, the concept of power had crossed all boundaries and reached the ultimate to convey the special meaning of an irrepressible nuclear power. More power means nature that is more destructive. All most all countries are afraid of USA. Why The answer lies in the naked truth that this country possesses most of the world's nuclear bombs and weapons indicating that it is more destructive than any other country. Unfortunately, the concept of power had also taken away the discretionary powers of these nuclear powers due to their "Power is something of which I am convinced there is no innocence this side of the womb," says Nadine Gordimer, South Africa's well-acclaimed novelist (Internet, quotations). Russian socialist theoretician Mikhail Bakunin comes out very strong on the concept of power: "The instinct to command others, in its primitive essence, is a carnivorous, altogether bestial and savage instinct. Under the influence of the mental development of man, it takes on a somewhat more ideal form and becomes somewhat ennobled, presenting itself as the instrument of reason and the devoted servant of that abstraction, or political fiction, which is called the public good. But in its essence it remains just as baneful, and it becomes even more so when, with the application of science, it extends its scope and intensifies the power of its action. If there is a devil in history, it is this power principle" (Internet, Mikhail ). People normally talk about the concept of power in terms of theoretical sense. Practically speaking, power is nothing but a state of commanding others to do certain things, though the methods of commanding vary from person to person and from country to country. When it comes to international relations, the meaning of power assumes serious dimensions. In the international arena, power is interpreted as the capacity of a country to dictate terms to other 3 countries. The Great Britain used its power once and ruled most of the world for more than two centuries. Now USA has been using its power to dominate and control most of the world. The great Mahabharata war occurred centuries ago because of the power struggle among Pandava and Kaurava brothers. Nowadays, in most of the third world countries, joint families are breaking up due to power struggle between brothers for controlling the family properties. The break up of the Ambani family controlling India's number one industrial empire, known as the Reliance Group, is the most recent example of a power struggle. The source for any power struggle normally generates in the people's urge to dominate others and control things at their will and pleasure. When you extend this analogy to countries in international relations, the comparison throws up innumerable similarities. A country

Thursday, September 26, 2019

Ecconomic globalization Essay Example | Topics and Well Written Essays - 250 words

Ecconomic globalization - Essay Example tion has led to economic growth by increasing the aggregate demand which increases exports as well as increasing aggregate supply through higher levels of investments that are associated with globalization. Globalization has led to destruction of jobs in the manufacturing sector and increase of jobs in the service sector. In addition to that, globalization has led to the increased demand of skilled labour and reduced demand of unskilled labour. This is because firms have shifted their some of their productions stages to countries with cheap labour only leaving the ones that required highly skilled man power within the USA. This has led to widening income gap in the United States of America (Hanson, 2006). Globalization has impacted positively on export and import trade in the USA. This increased trade has led to increase in the GDP of the country. However the effect of globalization on balance of payment is uncertain and it hugely depends on the relative growth rates, exchange rates and

Wednesday, September 25, 2019

Investment management strategies Essay Example | Topics and Well Written Essays - 2000 words

Investment management strategies - Essay Example The correlation coefficient between the daily stock return in each portfolio is also calculated and combined with the standard deviations in a covariance matrix to calculate the variance and standard deviation for each portfolio. Sensitivity analysis is also carried out by changing the weights of each stock in the portfolio to see how the performance changes. The variance and thus the standard deviation are far more difficult to calculate because the variance of a portfolio is not simply a weighted average of the individual variances of the stocks included in the portfolio except for the special case where the individual stock returns are uncorrelated with one another. The variance for a two stock portfolio is given by: We need to set up a covariance matrix to bordered covariance matrix to be able to calculate the 1variance and standard deviation for a portfolio of more than two stocks. For a three stock portfolio the bordered covariance matrix can be written as follows (Bodie et al., 2002): The portfolio variance is calculated from the above nine terms by multiplying the bordered weights by the corresponding covariance and then summing the different terms. The standard deviation is calculated by taking the square root of the variance. From the table above, the variance is given by: (3) and the standard deviation of the portfolio is given by: (4) The covariance matrix in table 1 above can be extended to any number of stocks. Haven discussed how to calculate the expected return on portfolio, the variance and standard deviation; we now apply the above models to the U.S and Australian portfolios. Std. Dev (%) Ave Ret (%) Citi Group Inc. 3.58 -0.03 American Express 2.99 0.26 Motorola Inc 2.25 -0.30 Boeing Co. 1.85 -0.38 McDonalds Corp 1.45 -0.44 Coca Cola 0.91 -0.34 Table two above show the standard deviation and average return of each of the stocks included in the U.S portfolio over the period under study (details of the calculations are found in the attached excel file). To be able to calculate the covariance between the different stocks, we need to know the correlation coefficients between the different stocks. We use the correlation function in Excel to calculate the correlation coefficient between the different stocks. Doing this we obtain the following correlation matrix for the different stocks: Table 2: Correlation matrix (U.S Portfolio) Citigroup Inc. American Express Motorola Inc Boeing Co. McDonalds Corp Coca Cola Citi Group Inc. 1.00 0.90 0.54 0.74 0.78 0.25 American Express 0.90 1.00 0.64 0.78 0.87 0.34 Motorola Inc 0.54 0.64 1.00 0.37 0.53 0.23 Boeing Co. 0.74 0.78 0.37 1.00 0.72 0.16 McDonalds Corp 0.78 0.87 0.53 0.72 1.00 0.31 Coca Cola Co. 0.25 0.34 0.23 0.16 0.31 1.00 To obtain the covariance matrix we use the following formula formula to calculate the

Tuesday, September 24, 2019

Cultural pluralism (Project 1) Essay Example | Topics and Well Written Essays - 1000 words

Cultural pluralism (Project 1) - Essay Example However, I cannot deny the fact that life has been challenging especially with the issue of my parents securing good jobs. My dad is an entrepreneur and my mom is a house wife. According to my parents, my father migrated from China in 1984 in search of greener pastures. The situation back in China was difficult since it was not easy to secure a job and quality education. A certain individual decided to give him a scholarship to come and study here at America. That is where his life began. While in the university, he met my mother and got married in 1988. According to my father, although he completed his bachelor’s degree, it has been difficult for him to get a good job. His decision not to return back to China was because he was positive that he would at one time get a good job here in the US. However, the only good job he got was a secretary in a certain organization which was not well paying. In fact, he was fired when he was found speaking to his colleague in his mother tongue. That is when he decided to do some businesses. Although his business has not grown as he expected, he is happy with it because it takes care of our needs including our education. In addition to that, my father has been facing a challenge of expanding his business because of discrimination from other races. For example, most of our customers are Asian Americans. Most whites buy from other white businesses. Only a few of them buy from my father’s shop. Besides, his supplies have also been discriminatory in terms of dictating the amount of stock he can buy and at a higher price that the whites.† â€Å"Well, in my neighborhood, most people are Asian Americans with few whites. During my childhood, we used to play with my fellow Asian children, but with few white children. In most cases, as you know, children are very innocent, we would play with white children till sunset and their parents would pick them and forbid them from playing with us. I remember an incident when my

Monday, September 23, 2019

International Management Essay Example | Topics and Well Written Essays - 1750 words - 6

International Management - Essay Example in the standardization and adaptation process include the legal-political climate, social-cultural make-up of the target market technological, economic and demographic factors, etc. (Doyle and Stern P. 35). During a product’s launch into a new international market, multi-national firms can decide to either use their standardized marketing mix or adapt the mix to suit the market. In my study I am going to discuss the different standardization and adaptation strategies employed by different multi corporations like; Pepsi, Mc Donald’s and Toyota motors in the international business market. In several instances, a multi-national firm is forced to adapt its products and services marketing mix strategies to meet the local consumer needs. Also, the company is influenced to apply marketing mix techniques to deal with wants that can’t be altered due to factors such as culture, belief, economic conditions among others. McDonalds is a global producer of fast foods but their burgers, and other foodstuffs are adapted to local needs alongside tastes and preferences. In the Indian market where a cow is a venerated animal, their fast foods contain other meat products in place of beef. In South America McDonalds’ burgers come highly chilled due to the natives love for excessively chilled foods (Learn marketing, Para.2). In the Middle East where Pepsi is the leading soft drinks producer, it’s less sweet as compared to Africa where sweetness is preferred. The locals have a culture of growing sugar cane which tends to affect their consumption tastes and preferences (Learn marketing, para.2). Toyota Motors Corporation is the leading producer of automotive in the world. Its headquarters are situated in Japan decided. The company decided to use its standard production techniques for all its companies in the World with minimal changes to adapt it to the local environment. Over the years, Toyota enjoyed monopoly in terms of cheaper and fuel economic consumption. However, in

Sunday, September 22, 2019

Oral Script About Titanic Essay Example for Free

Oral Script About Titanic Essay Good morning to my teacher and fellow friends. Today I want to talk about the sinking of Titanic. RMS Titanic was a passenger liner that sank in the North Atlantic Ocean on 15 April 1912 after colliding with an iceberg during her maiden voyage from Southampton to New York City. The sinking of Titanic caused the deaths of 1,514 people in history. She was the largest ship afloat at the time of her maiden voyage. One of three liners operated by the White Star Line, she was built between 1909-11 by the Harland and Wolff Shipyard in Belfast. Her passengers included some of the wealthiest people in the world, as well as over a thousand emigrants from Britain,  Ireland,  Scandinavia  and elsewhere seeking a new life in North America. The ship was designed to be the last word in comfort and luxury, with an on-board gymnasium, swimming pool, libraries, high-class restaurants and opulent cabins. She also had a powerful wireless telegraph provided for the convenience of passengers as well as for operational use. Though she had advanced safety features such as watertight compartments and remotely activated watertight doors, she lacked enough lifeboats to accommodate all of those aboard. Due to outdated maritime safety regulations, she carried only enough lifeboats for 1,178  people – a third of her total passenger and crew capacity. After leaving Southampton, England on 10  April 1912,  Titanic  called at  France  and Ireland before heading westwards towards New York. On 14 April 1912, four days into the crossing and about 375 miles south of Newfoundland, she hit an iceberg at 11:40  pm. The glancing collision caused  Titanics hull plates to buckle inwards in a number of locations on her  starboard  side and opened five of her sixteen watertight compartments to the sea. Over the next two and a half hours, the ship gradually filled with water and sank. Passengers and some crew members were evacuated in lifeboats, many of which were launched only partly filled. Just before 2:20  am  Titanic  broke up and sank bow-first with over a thousand people still on board. Those in the water died within minutes from  hypothermia  caused by immersion in the freezing ocean. The 710 survivors were taken aboard from the lifeboats by the  RMS Carpathia  a few hours later. The disaster was greeted with worldwide shock and outrage at the huge loss of life and the regulatory and operational failures that had led to it. Many of the survivors lost all of their money and possessions and were left destitute; many families, particularly those of crew members from Southampton, lost their primary bread-winners. They were helped by an outpouring of public sympathy and charitable donations. Some of the male survivors, notably the White Star Lines chairman,  J.Bruce Ismay, were accused of cowardice for leaving the ship while people were still on board, and they faced social ostracism. The  wreck of the  Titanic  remains on the seabed, gradually disintegrating at a depth of 12,415 feet (3,784  m). Since its rediscovery in 1985, thousands of artifacts have been recovered from the sea bed and put on display at museums around the world. Titanic  has become one of the most famous ships in history, her memory kept alive by numerous  books, films, exhibits and memorials. That’s all. Thank you.

Saturday, September 21, 2019

Intellectual and cultural life of colonial Mexico Essay Example for Free

Intellectual and cultural life of colonial Mexico Essay Mexico is a land whose history is as rich and diverse as its people. Prior to the arrival of the Spaniards to Mexico the natives enjoy great progress and technology. They’ve printed books, made paper and pigments, painted murals and manuscripts, cultivated crops, made structures and lavish designs in architecture that some historians say even outdates that of Egypt, engaged in medical practice and planted botanical crops. However with the invasion of the Spanish Empire that happened between the year 1521 to 1600 the natives who posses such technologies were suppressed by the Colonialist. Various indigenous groups disappeared since the Spaniards pushed to promote Catholicism in the country in their attempt to eliminate anything that links the people from their â€Å"Pagan past†. They also brought with them superior technology from Europe which hindered the progress of technologies that they have developed before. The diversity and development of Native Mexico is shown as manuscripts of maps of the different areas in Mexico are found in â€Å"the six Relaciones Geograficas maps†. The rich text combines native and European colorants a clear manifestation of their rich technology even before the colonialist came to the country. The inhabitants of Mexico today can be classified into two groups, the Indigenous Peoples who lived before the 14th century and the Immigration people who arrived with the Spanish conquest. The former, which are the indigenous peoples are the Toltec, Omeca, Zapotec, Maya, Aztec, Huichol, Purapecha, Tarahumara and etc. The later on the other hand are a mix of different cultures due to the wave of migration brought about by the Spanish Conquerors. For us to fully understand the impact that colonization has brought to the natives, we need to discuss their culture and practices in terms of social stratification, culture, religion and economy prior to the coming of the Spaniards. Native Mexico Mexico was the site of some of the earliest and most advanced civilizations in the western hemisphere. Its human history began with the aboriginal people we call American Indians or Amerids. Archeological records date back to older than that civilization of Egypt. They were scattered groups of nomadic hunters. The Amerids then became diverse and divided into sub classes differentiating in culture, legend and practices. These are the Toltec, Maya, Omeca, Zapotec, Aztec, Purapecha, Huichol, Tarahumara and etc. Clash of cultural minorities happened and led to the fall of different empires. When the Spaniards came to Mexico the Maya and Aztec groups where predominant in the region. Their economy greatly relies on agriculture and herding. It was a society divide into three classes: slave, commoner and nobility. However, far different from that of the Spaniard, the slaves can buy their freedom and when he manages to escape from his master and makes his was safely to the royal palace he is then given immediate freedom. Social mobility was also practiced by all the classes regardless of race as long as one has enough money and resources to do so. With regards to religion, they have numerous Gods. In Aztec society in particular, their gods are Uitzilopochtli (sun god), Tlaloc (rain god), Coyolxauhqui (moon goddess), and Quetzalcoatl (inventor of writing and the calendar and also associated with the planet Venus and with resurrection) . Animal and human sacrifices were also made to honor warriors during the war and for religious ceremonies. Prisoners were also sacrificed for less important rituals. The Spaniards found the ritual horrendous since it involves human sacrifices which are against Catholic faith. The ritual would take place on top of a pyramid where the human sacrifice is placed on a convex stone and the priest would reap their hearts out using a knife (Almanac, 2005). As of press time, the modern Aztecs people number for over a million and are the largest aboriginal group in the country. Most of them are farmers who have no access to education and most are illiterate.

Friday, September 20, 2019

Social Structure of Pompeii and Herculaneum

Social Structure of Pompeii and Herculaneum Many written and archaeological sources have revealed different information about the social structure in Pompeii and Herculaneum. Pompeii and Herculaneum housed over 10 000 to 20 000 people, all separating into three main social classes; Freeborn, Freedmen and Slaves. All people were either permanently born into a specific group or rarely had the ability to change their status.  [1]  Pompeii and Herculaneum consisted of a range of mixed social groups which included rich land-owners, merchants, artisans and slaves. Both towns were lead by men following the patriarchal system. All elite people were determined by their previous families.  [2]  Men and women were treated differently, as the women had less responsibility to the community then the men had.  [3]   On the top of the social structure in Pompeii and Herculaneum was Freeborn. Freeborn men and women were classified as the high-class residents of Pompeii and Herculaneum, both politically and socially.  [4]  Freeborn people lived on altering their lives to satisfy and impress the people of Pompeii and Herculaneum.  [5]  It was important to publicly show that they were elite and important and in doing so freeborn men and women dressed with discrete details (toga for men and stola for women, (Refer to Appendix 9 and 10) that made them stand out amongst the rest of the public.  [6]  All freeborn people in Pompeii and Herculaneum came from either their ancestors or by property.  [7]  They included wealthy landowners and businessmen. Freeborn men had many advantages and satisfactions in being so highly ranked. Men had full legal rights and could become candidates for political office. They could become part of the council and dominate the community finances, spaces and rel igion. Freeborn men were very influential people who had statues devoted to them and had honorary tombs made for them. Freeborn men had reserved seating in the amphitheatre.  [8]   An archaeological fresco has shown a wealthy freeborn man and women in a banquet scene which indicates the social standing, where servants and slaves are typically displayed as smaller and lower people in the picture.  [9]  ( Refer to Appendix 5) Women in Pompeii and Herculaneum were expected to run the household, take care of children and manage the finances.  [10]  High-class women unlike men could not be in the political office. They were under the legal administration of their fathers and husbands which meant that they would belong with whichever social class their husband or father were in  [11]  . Freeborn women could own their own property, have an education and become businesswomen and priestesses. An example of a woman was Eumachia who was both business woman and a city priestess.  [12]  (Refer to Appendix 1).Another example is Julia Felix who was a very wealthy women who owned an entire block of land in Pompeii.  [13]  (Refer to Appendix 4). Like freeborn men, women received statues and tombs in their honour. Women also helped with the construction of buildings and tombs.  [14]  Women in Pompeii and Herculaneum were not classified as citizens, education was a symbol of respect but motherhood was the most valued occupation.  [15]  They could not control the political office as they required particular characteristics such as power and rights which they lacked.  [16]  Unlike many other Roman women Pompeian women had more freedom and could participate in the public, religious and business life.  [17]  Several wall paintings, inscriptions and frescoes have displayed Pompeian and Herculaneum women actively engaged in public activities and walking around the city freely.  [18]  (Refer to Appendix 6 and 7). Eumachia was a very influential women in Pompeii and Herculaneum. She owned a large building in the Forum of Pompeii which was the Fullers (Refer to Appendix 3). An inscription signifies that she built it with her own money, in honour of Augustan concord. Eumachia was the patron of the Fullers who worked in the building. The Fullers made a statue in her honour.  [19]   Freed people were known as liberti who were formerly known slaves. In order to become a Freedmen one must buy their freedom or be granted it by their owner.  [20]  Freed men were men and women who were freed from slavery and no longer had to serve anyone.  [21]  The process and ceremony of being set free was called Manumission and in this process the former slave was beaten for the last time to remind them that they were still in debt to their master.  [22]  Freed mens names gave evidence to the status they belonged to.  [23]   The freed people had numerous restrictions on their rights as they owed duties and responsibilities to their previous owners. This is where the patronage system comes into action where the former slave has become the client for their master. Freedmen had low social status and were poor, but it was possible for them to succeed in trade and become wealthy.  [24]  Many freedmen became wealthy and influential; an example is the Vetii Brothers, 1895.  [25]  The Vetii Brothers Aulus Vettius Restitutus and Aulus Vettius Conviva were former slaves who had been freed and became wealthy tradesmen. The House of the Vetii was owned by the Vettii brothers and one of the most well known and admired houses, it displayed a range of different frescoes which indicated their wealth through trade. Evidence has proven that they were wine merchants and became very well known and influential people in Pompeii and Herculaneum.  [26]   A fresco in their home portrayed Hermes god of Trade, located in their triclinium trying to profess their thanks to him.  [27]  (Refer to Appendix 8). Another archaeological source was a poster which said: [A VETTIUS] RESTITUTUS ROG[AT] VETTI CONIVA, AUGUSTALIS [FAC]. This poster was used to help the former owners of the brothers in the political votes as they had gained many connections through trade. The House of the Vettii contained many archaeological sources which helped reveal information about the social structure in Pompeii and Herculaneum. (Appendix 11 shows a picture of Priapus weighing his phallus, which was located at the front door greeting the guests). Freedmen participated in religious cults and could have their own businesses. Freedmen could not have political power like Freeborn men could but they could vote in the elections. Freed women like men could not hold formal political office and could also work for their former master through the patronage system.  [28]   In Pompeii and Herculaneum little evidence has been found about the slaves and their lives.  [29]  Slaves came from a range of different countries and could be bought and sold by their masters.  [30]  Slaves had no rights, privileges  [31]  and no permanent home as their owners could sell and dispose of them at anytime.  [32]  Many owners bought slaves for sexual intentions.  [33]  Several slaves were educated sometimes more than their owner. Their duty was to clean and cook , some took on the role of doctors and teachers.  [34]   In Pompeii slaves came from debtors and prisoners from wars usually consisted of women and children.  [35]  Slaves made up for forty percent of the population in both Pompeii.  [36]  Slaves worked for Freeborn people, Freedmen and the town council.  [37]  A range of evidence identifies that some slaves lived with their owners as they were considered by law as part of the property.  [38]  The House of Menander and the House of the Centenary are some examples of houses where specific rooms were assigned only to the slaves.  [39]  Tombs that were owned by slaves was rare, seemingly as most slaves were buried in random unmarked places.  [40]  An example of a tomb that was owned by a slave is shown through inscriptions Conviva, slave of Veia, lived 20 years.  [41]   The main goal was to be granted freedom and no longer be a slave for anyone. In order to be free it was required by the slave to either pay off their freedom or be granted freedom by their owner. The freedom converted the slaves to Freedmen.  [42]  Freedom for the slaves came with a ceremony called Manumission.  [43]  Many slaves resumed work with their previous owners but did not get the benefit of citizenship.  [44]   The relationship between the client and patron was a very common characteristic in all social classes in Pompeii and Herculaneum. It was a patronage system where high status people became leaders to the lower class people making them the client. In return the client was expected to support their master through political elections and any other services needed. In doing so the client was rewarded with a gift ,free meal or guidance with their the legal affairs. Clients were supported politically, socially, economically and legally. After many years of serving the owner the slave is granted freedom and adopts the owners name and become their client.  [45]   An example of this relationship was Eumachia and the guild of fullers. A statue of Eumachia was dedicated to her in her honour by the Fullers. (Refer to Appendix 1).Also there was an inscription on the statue that read The Fullers (dedicated this statue) to Eumachia, daughter of Lucius, Public priestess.  [46]  (Refer to Appendix 2). In conclusion written and archaeological sources have created a wide range of knowledge about the social structure in Pompeii and Herculaneum. The social structure branched out into three main categories freeborn, freedmen and slaves, people were either born into the social class or rarely changed into another status. Appendix Appendix One- http://farm2.static.flickr.com/1058/739235616_e3e5b19055.jpg Appendix Two- http://www.vroma.org/images/mcmanus_images/eumachia_inscript.jpg inscription on Eumachias building Appendix Three- scan from book. Appendix Four- Insulae of Julia Felix. http://wings.buffalo.edu/AandL/Maecenas/italy_except_rome_and_sicily/pompeii/ac880526.jpg Refer to Appendix 5- http://www.scalarchives.com/scalapic/foglia1/b/AF00125b.jpg Appendix Six- Three women conversing in Herculaneum. (Fresco) http://www.corbisimages.com/images/67/8C223073-D171-4282-86AB-9CFCDFA59F18/MI001617.jpg http://www.corbisimages.com/Images/spacer.gif Appendix Seven- Women playing the Lyre. http://www.the-romans.co.uk/g5/22.woman_with%20_lyre_small.jpg Appendix Eight- Hermes god of Trade. Priapus-Hermes (Mercury), phallic fertility god, with caduceus | Roman fresco Pompeii Appendix 9- Stola for Women. http://www.fashion-era.com/images/all_greeks_romans/faustina-roman-flora2.jpg Appendix 10- Toga for Men. Appendix 11- http://0.tqn.com/d/ancienthistory/1/0/0/l/2/HouseoftheVetii.jpg

Thursday, September 19, 2019

Bristol-Myers Squibb :: GCSE Business Marketing Coursework

Bristol-Myers Squibb Bristol-Myers Squibb is a worldwide health and personal care company with major businesses in medicines, beauty care, nutritionals, and medical devices. BMS is a leader in innovative therapies for cardiovascular, metabolic and infectious diseases, central nervous system and dermatalogical disorders, and cncer. They are also leaders in consumer medicine, orthopaedic devices, ostomy care, wound management, nutritional supplements, infant formulas, and hair and skin care products.Some of the very well known products manufactured by Bristol-Myers Sqibb are Bufferin, Excederin, Enfamil, Clairol, and Sea Breeze. Another large part of BMS is their research and development of new pharmecutical products. Their annual budget for research and development is in excess of one billion dollars. Bristol-Myers Squibb is the product of a merger between Bristol-Myers and Squibb Company in 1989. Bristol-Myers was originally Clinton Pharmecuticals, a failing drug manufacturing firm. In 1887 William McLaren Bristol and John Ripley Myers invested five thousand dollars in the company and on December 13, 1887 became president and vice president respectively. In 1898 the name was changed from Clinton Pharmecutical Company to Bristol,Myers Company. In 1899, after Myers's death, the comma was replaced by a hyphen. In 1856 Edward Robinson Squibb founded a pharmecutical company in Brooklyn, New York. In 1895 the company became E.R. Squibb & Sons when Squibb passed most of the responsibility to his sons. The company was then sold to Lowell M. Palmer and Theodore Weiker in 1905. Then in 1989 came the merger of Bristol-Myers and Sqibb creating, what was then, the second largest pharmecutical enterprise in the world. Bristol-Myers Squibb currently employs over 57,000 people in more than 60 countries around the world. A highly diversified corporation, BMS has career opportunities in a variety of business and technical fields. For a descriptive list of current openings, as well as contact names and addresses, consult Bristol-Myers Squibb's employment page at www.bms.com/joinus. Recruiting also takes place on over 50 college campuses in the U.S. and at various job fairs and conferences. The CEO of Bristol-Myers Squibb is Charles A. Heimbold. Heimbold earned his B.A. at Villanova University(1954), his I.L.B at The University of Pennsylvania(1960), and his L.L.M at New York University(1965).

Wednesday, September 18, 2019

Wide Sargasso Sea Essay examples -- English Literature Jean Rhys Locat

Wide Sargasso Sea Places take on a symbolic significance in Wide Sargasso Sea. Discuss the way in which Jean Rhys uses different locations in the narrative. Place in 'Wide Sargasso Sea' seems to be used to convey Antoinette's frame of mind at different times in her life. Wally Look Lai believes that "The West Indian setting...is central to the novel...(and) the theme of rejected womanhood is utilized symbolically in order to make an artistic statement about West Indian society and about an aspect of the West Indian experience". In Part One of 'Wide Sargasso Sea', Coulibri and the convent in Spanish Town are presented as contrasts in that they represent danger and safety respectively. Antoinette's mother describes how she feels 'marooned' in Coulibri, which could refer to both their geographical position and the fact that they live on an island, and also their position in society, and the racial tension which exists therein. This racial tension between the white Creoles and the black people stems from the fact that Creoles such as the Cosways' ancestors had been slave-owners, and the emancipation had left these families virtually penniless and lacking in respect. Jane Miller argues that "a woman on her own..is always alone if she depends on men...and vulnerable and weakened as the..foreigner is vulnerable and weakened". She therefore believes that Annette and Antoinette's isolation is due not only to the fact that they are foreigners, but also because they are women who are forced to be dependent upon men, and I agree that this is partly what adds to their isolation from society. Antoinette always pays careful attention to her natural surroundings. They almost seem perfect as she uses simile to com... ...ntoinette, but Anna Morgan, the heroine of "Voyage in the Dark", who comes from England to the Caribbean and recounts her attempts to come to terms with her new life. A feminist would say that Antoinette struggles primarily against the dictates of patriarchy. For example, it is Rochester who declares that Antoinette is "not English or European either" and also he who takes her away from her home in the West Indies and locks her up in the attic in his house in England. However, Selma James believes that the feminism and race issues run parallel to each other. She thinks that "the female dilemma and female vulnerability with men and in society generally is inseparable from the West Indian preoccupations about race..", and I am inclined to agree with her, and think that Jean Rhys uses location in the novel extremely effectively in order to convey this idea.

Tuesday, September 17, 2019

Garner v. Tennessee Case

A case in which the court ruled that a Tennessee â€Å"fleeing felon† law was unconstitutional because it legalize the use of deadly force by police when a suspect poses no immediate threat to the police or others. The court ruled that the use of deadly force was a Fourth Amendment seizure issue subject to a finding of â€Å" reasonableness. †Father, whose unarmed son was shot by police officer as son was fleeing from the burglary of an unoccupied house, brought wrongful death action under the federal civil right statute against the police officer who fired the shot, the police department and others. The United States District Court for the Western District of Tennessee, Harry W. Wellford, J. , after remand, rendered judgement for defendant, and father appealed. The Court of Appeal for the Sixth Circuit, and remanded. Certiorari was granted.The Supreme Court held that: apprehension by use of deadly force is a seizure subject to the Fourth Amendment’s reasonablene ss requirement; deadly force may not be used unless it is necessary to prevent the escape and the officer has probable cause to believe that the suspect poses a significant threat of death or serious physical injury to the officer or others; Tennessee statute under authority of which police officer fired fatal shot was unconstitutional because it authorized use of deadly force against apparently unarmed, non dangerous fleeing suspect; the fact that unarmed suspect had broken into a dwelling at night did not automatically mean that he was dangerous. At about 10:45 p. m.  on October 3, 1974, Memphis Police Officers Elton Hymon and Leslie Wright were dispatched to answer a prowler inside call.The fleeing suspect, who was appellee-respondent’s decedent, Edward Garner, stopped at a 6-feet-high chain link fence at the edge of he yard. With the aid of a flashlight, Hymon was able to see Garner’s face and hands. He saw no sign of weapon, and, though not certain, was reasonab ly sure and figured that Garner was unarmed, He thought Garner was 17 or 18 years of age and about 5’5’’ or 5’7’’ tall. While Garner was crouched at the fence, Hymon called out Police! and took a few steps toward him. Garner then began to climb over the fence. Convinced that if Garner made it over the fence he would ran away, Hymon shot him.The bullet hit Garner in the back of the head. Garner was taken to a hospital, where he was pronounce dead on the operating table. Ten dollars and a purse taken from the house were found on his body. In using deadly force to prevent the escape , Hymon was acting under the authority of a Tennessee statute and pursuant to Police Department policy. The statute provides that â€Å" if, after notice of the intention to arrest the defendant, he either flee, or forcibly resist, the officer may use all necessary means to affect the arrest. † The District Court concluded that Hymon’s action were auth orized by the Tennessee statute, which in turn was constitutional.Hymon had employed the only reasonable and practicable means of preventing Garner’s escape. Garner had recklessly and unmindfully attempted to jump over the fence to escape, thereby assuming the responsibility to be risk of being fired upon. The Court of Appeals for Six Circuit affirmed with regard to Hymon, finding that he had acted in good-faith according to the Tennessee statute and was therefore within the scope of his qualified immunity. It remanded for reconsideration of the possible liability of the city, however. Justice White then delivered the opinion of the by saying â€Å" This case requires us to determine the constitutionality of the use of deadly force to prevent the escape of an apparently unarmed suspected felon.We conclude that such force may not be used unless it is deemed necessary to prevent the escape and the officer has probable cause to believe that the suspect poses a significant threa t of death or serious physical injury to the officer or others. The Court of Appeals reasoned that the killing of a fleeing suspect is a seizure under the Fourth Amendment, and is therefore constitutional only if reasonable. The Tennessee statute failed as applied to this case because it did not adequately limit the use of deadly force by distinguishing between felonies of different magnitudes. The facts as found, did not justify the use of deadly force under the Fourth Amendment.Officer cannot resort to deadly force unless they have probable cause to believe that the suspect has committed a felony and poses a threat to the safety of the officers or a danger to the community if left on the loose. The State of Tennessee, which had intervened to defend the statute, appealed to this court. The city filed for petition for certiorari. Whenever an officer restrain the freedom of a person to walk away, he has seized that person. While it is not always clear just when minimal police interfe rence become a seizure, there can be no question that apprehension by the use of deadly force is a seizure subject to the reasonableness requirement of the Fourth Amendment.A police officer may arrest a person if he has probable cause to believe that person committed a crime. Petitioner and appellant argued that if this requirement is satisfied, the Fourth Amendment has nothing to say about how that seizure is made. This submission ignores the many cases in which this Court, by balancing the extent of the intrusion against the need for it, has examined the reasonableness of the manner in which a search or seizure is conducted. To determine the constitutionality of a seizure â€Å"we must balance the nature and quality of the intrusion on the individual’s Fourth Amendment interest against the importance of the government interest alleged to justify the intrusion.†Because one of the factors is the extent of the intrusion, it is plain that reasonableness depends on not on ly when a seizure is made, but also how it is carried out. Notwithstanding probable cause to seize a suspect, an officer may not always do so by killing him. The intrusiveness of a seizure by means of deadly force is unmatched. The suspect‘ s fundamental interest in his own life need not be elaborated upon. The use of deadly force also frustrate the interest of the individual, and of society, in judicial determination of guilt and punishment. Against these interests are ranged governmental interest in effective law enforcement. It is argued that overall violence will be reduced by encouraging the peaceful submission of suspects who know that they may be shot if they flee.Effectiveness in making arrest requires the resort to deadly force, or at least the meaningful threat thereof. Being able to arrest such individuals is a condition precedent to the state’s entire system of law enforcement. † Without in any way disparaging the importance of these goals, we are not such convinced that the use of deadly force is sufficiently productive means of accomplishing them of justify the killing of nonviolent suspects. The use of deadly force is a self-defeating way of apprehending threat of deadly force might be thought to lead to the arrest of more live suspects by discouraging escape attempts, the presently available evidence doe not support this thesis.The use of deadly force to prevent the escape of all felony suspect, whatever the circumstances, is unconstitutionally unreasonable. It is no better that all felony suspects die than that they escape. Where the suspect poses no immediate threat to the officer and no threat to others, the harm resulting from failing to apprehend him does not justify the use of deadly force to do so. It is no doubt when a suspect who is in sight escapes, but the fact that the police arrive a little late or are a little slower afoot doe not always justify killing the suspect. A police officer may not seize an unarmed, non dangerous suspect by shooting him dead. The Tennessee statute in unconstitutional because as it authorizes the use of deadly force against such fleeing suspects.It is not, however, unconstitutionally unreasonable to prevent escape by using deadly force. Thus, if the suspect threatens the officer with a weapon of there is probable cause to believe that he has committed a crime involving the infliction or threatened infliction of serious physical harm, deadly force may be used if necessary to prevent escape, and if where feasible, some warning has been given. As applied in such circumstances, the Tennessee statute would pass constitutional muster. We do not deny the practical difficulties of attempting to assess the suspect’s dangerousness. However, similarly difficult judgement must be made by the police in equally uncertain circumstances.Nor is there any indication that the States that allow the use of deadly force only against dangerous suspects, the standard has been diffi cult to apply os has led to a rash of litigation involving inappropriate second-guessing of police officers‘ split-second decisions. Moreover, the highly technical felony or misdemeanor distinction is equally, if not more, difficult to apply in the field. And officer is no position to know, for example, the precise value of property stolen, or whether the crime was a first or second offense. Finally, as noted above, this claim must be viewed with suspicion in light of the similar self-imposed limitations of so many police department.The District Court concluded that Hymon was justified in shooting Garner because state law allows, and the Federal Constitution does not forbid the use of deadly force to prevent the escape of a fleeing felony suspect if no alternative means of apprehension is available. This conclusion made a determination of Garner’s apparent dangerousness unnecessary. The court did find, however, that Garner appeared to be unarmed, though Hymon could not be certain that was the case. Restated in Fourth Amendment terms, this means Hymon had no articulable basis to think Garner was armed. In reversing, the Court of Appeals accepted the District Court’s factual conclusions and held that the facts, as found, did not justify the use of deadly force. Officer Hymon could not reasonably believed that Garner posed any threat.Indeed, Hymon never attempted to justify his action on any basis other than the need to prevent an escape. Hymon did not have probable cause to believe that Garner, whom he correctly believed to be unarmed posed any physical danger to himself or others. The judgement of the Court of Appeals is affirmed, and the case is remanded for further proceeding consistent with this opinion. As stated in the concept paper, in the killing of Miriam Carey by Washington DC Police. The Tennessee v. Garner case can be used as precedent in justifying the use of deadly force while she was fleeing. Where he reckless driving in attemp t to flee the scene can be consider as immediate threat to the police officers and the others.

Monday, September 16, 2019

Life Payments Essay

It is 10:33 AM. You are awaken abruptly from your alarm. You prepare yourself for the day ahead. The day has been going well so far. It is now 12:25 PM. You step into your vehicle hoping to stop at the best burger place in town for lunch. The preceding are the last thing you remember when you wake up cold, sweaty, and drowsy from your coma. Changing perspectives, you are a family member now. Your brother has been in a horrific car accident and is in a coma for thirteen days now. How will you communicate with him? How will you tell him that you love him and are here for him? Most importantly, how do you know that he is still alive? For those who don’t know, a coma is a persistent vegetative state, also known as PVS. Coma is also defined as a state of almost total unresponsiveness to external stimulation in which the patient lies with his eyes closed. It is a condition in which the normal cognitive and communicative functioning of the patient is hampered. A coma may occur for various reasons, such as intoxication, CNS (central nervous system) diseases, a serious injury, and hypoxia (oxygen deprivation). But there have been a number of cases across the world like the example mentioned above. A 26-year-old patient named Kate Bainbridge had a viral infection which had put her in a coma — a condition that generally persists for two to four weeks, after which patients die, recover fully or, in rare cases, slip into a vegetative or a minimally conscious state. (Tutton) And there is most notably Rom Houben, also known as Patient 23. Allan Hall reports â€Å"Alive but unresponsive, he has been in a coma for 23 years since he has been 24 years old. Ongoing research in the field of comatose communication has found out that there may be small â€Å"islands† of consciousness, even in persistent vegetative states, like such in Houben’s case. And this is how, through comatose communication and other methods such as fMRIs, they were able to conclude that Houben was still alive in his body. This could be another example of how the conscious is separate from the physical body. So why should you care? How can coma work help patients, families, and caregivers? Coma work furthers the internal and external ommunication of patients in altered consciousness. This can aid patients to complete inner work and spontaneously come closer to the surface, and at times even all the way out of coma or other altered consciousness. With metabolic comas emergence can be quick and dramatic. Mark Tutton, an author at CNN. com, reports â€Å"a study carried out last year on 103 patients by Laureys and his colleagues at Liege’s Coma Science Group found that 41 percent of patients in a Minimally Conscious State (MCS) were misdiagnosed as being in the much more serious Vegetative State (VS). Dr. Daniel Hanley, professor of neurology at Johns Hopkins Medicine, in Maryland, told CNN that VS is a coma-like state in which patients have a sleep and wake cycle, and can show reflex chewing, swallowing and blinking, but don’t respond to language or stimulation. † With coma from traumatic brain injury and other causes, progress is usually slow, but measurable. Progress can be accelerated if the awareness for coma communication is heightened. Families and caregivers are often relieved to find ways to communicate with loved ones and clients about treatment options, life and death decisions, and love and personal connection. Family and caregivers often feel validated about their perceptions of subtle cues they have noticed. Now put the shoe on the other foot and imagine if you yourself were to be in a coma today. Wouldn’t you like a way to tell your family that you are alive, are ready to fight through it and come out of your PVS state? Surely yes.

Sunday, September 15, 2019

Modern US history

As an intellectual enterprise, contemporary social sciences are replete with claims of social collapse. Over the last 20 years, scholars have proclaimed â€Å"the end of history,† â€Å"the end of politics,† â€Å"the end of work,† â€Å"the end of the family,† â€Å"the end of liberalism,† â€Å"the end of medicine,† â€Å"the end of ideology,† â€Å"the end of individualism.† There is little doubt that we are experiencing massive social change. As we are approaching the year’s end, something new is emerging, helter-skelter, in our midst that bears little resemblance to any existing political, theological, or sociological model of how the world is supposed to work. The social shifts are sufficiently different in character to have produced a new social form, one suitably widespread and anchored to become visible. This claim of a new social form lies at the heart of the postmodern contention that we have entered an era of ambiguity, and we argue that postmodernists advance this claim in a way that sociologist cannot ignore. While they are right on target in capturing the spirit of rapid social change that characterizes the present era, their embrace of the resulting â€Å"chaos† as a new social form is misguided: they mistake an era of societal transition for a new enduring social structure or even a hybrid of modern society. In historical perspective, what we are now experiencing bears a striking similarity to the place on the cultural and historical map that created sociology at the end of the last century. Rising suicide rates, the growing prominence of Protestant countries and the subsequent demise of Catholicism’s hold on the Western world, and the movement from agricultural to industrial production all have their parallels in the current social era. Rather than embracing the change and ambiguity they surveyed, and mistaking it for what â€Å"modern† society would be. One of the major tasks of sociology at the turn of this year is to struggle to understand the new institutional and personal structures that characterize contemporary social forms and not abdicate to other disciplines the task of making sense of emergent societal transitions and structures. A widespread belief seems to be emerging that the U.S. economy is in the throes of a fundamental transformation. The true enthusiasts treat the new economy as a fundamental industrial revolution as great or greater in importance than the concurrence of inventions, particularly electricity and the internal combustion engine, which transformed the world at the turn of the year. There is no dispute that the U.S. economy is awash in computer investment that productivity has revived. Economists have long been ambivalent about what social interactions constitute the proper domain of the discipline. The narrower view has been that economics is primarily the study of markets, a circumscribed class of institutions in which persons interact through an anonymous process of price formation. Throughout much of the twentieth century, mainstream economics traded breadth for rigor. In the first half of the century, institutional economics, which thought broadly but loosely about social interactions, gradually gave way to the neoclassical theory of general competitive markets. A pivotal development was the transformation of labor economics from a field narrowly concerned with work for pay into one broadly concerned with the production and distributional decisions of families and households. The important development was the emergence in macroeconomics of endogenous growth theory. Whereas classical growth theory assumed that the production technology available to an economy is exogenous, endogenous growth theory supposes that today’s technology may depend have been influenced by the past output of the economy. The broadening of economic theory has coincided with new empirical research by economists on social interactions. Unfortunately, the empirical literature has not shown much progress. Economics has sufficed with a remarkably small set of basic concepts: preferences, expectations, constraints and equilibrium. Widespread literacy is alleged to be indispensable to popular government. Dramatic changes in communication technologies which are said to affect exposure to traditional print media-we need to look afresh at reading’s political impact. Learning to read is a political act. Inability to read limits an individual’s participation in community life. It was probably for this reason that slaves in the antebellum South were kept illiterate. Even today, a connection between literacy and citizenship exists in evidence showing that persons who read are more likely than those who do not identify with larger political communities. American people are haunted by Old World hegemonies and hence are committed to individualism and modernism for philosophical and practical reasons. American people are a restless and contentious lot producing a kaleidoscope of attitudes about most social issues. The American people can be found in the election turnout figures and in gross economic indicators, to e sure, but they are more than that; they are also the meanings of their behaviors. Raised on a diet of political supremacy and technocratic invincibility, the American people were shaken to the core by 9/11. Shortly thereafter, a number of bromides caught the national ear: â€Å"America has lost its innocence forever,† â€Å"this is the first war of the twenty-first century,† â€Å"the U.S. just joined the world of nations.† At some point, history may prove these claims true. But 9/111 has already shown something more heartening: the functionality of a longstanding communal discourse. Admittedly, that discourse is shot through with contradictions and impossible overstatements. That contradictions and overstatements can prove sustaining to a people is a curious fact-an American fact. Reference: Zinn, Howard. A People’s History of the United States. Available on-line: http://www.historyisaweapon.com/zinnapeopleshistory.html.

Saturday, September 14, 2019

How Old World Diseases Destroyed Indian America Essay

The Invisible Enemy – How Old World diseases destroyed Indian America and created Colonial America. In the years prior to the Pilgrims establishing Plymouth colony in 1620, the area had been ravaged by an epidemic of disease which had wiped out the original Indian inhabitants. The Pilgrims believed that God had sent the disease among the Indians to clear the site for his ‘chosen people’. This is but one example of how the introduction of disease would forever change the existing Indian America into a ‘new’ America the Natives would barely recognize and would face an everlasting struggle to be part of. The impact of Old World diseases is one of the most critical aspects to understanding the history of Native American Indians. Old World pathogens were carried by the Europeans into the ‘virgin soil’ of Indian America would forever change the very existence of the Native Americans. Epidemics of killer disease were to rampage through Indian society and the Indians being immunologically defenseless succumbed in their thousands. Smallpox was the most devastating of the early killer diseases, followed by deadly strains of typhus and measles (Thornton 1987:44-45). These were followed by bubonic plague, diphtheria, cholera, scarlet fever, typhoid, mumps, pertussis, colds, pleurisy, and, virulent forms of pneumonia and influenza along with respiratory infections, poliomyelitis, venereal syphilis, malaria, yellow fever and dysentery. The mortality rates from smallpox were appallingly high and the periodic outbreaks compounded the losses. Thornton, Miller and Warren (1991:41) conclude that â€Å"American Indian populations were exposed to cycles of population reduction caused by both recurrent epidemics of the same disease and by epidemics of newly encountered diseases experiencing ‘virgin veil’ conditions†. In 1779, smallpox broke out in Mexico City, and over the next four years the disease reached pandemic proportions, spreading in all directions; through the Southwest, the Great Plains, Rocky Mountains and by 1783 into Canada. Thousands of Indians died. Mortality rates of 90 per cent were commonplace; tribes were decimated, in some instances wholly obliterated. Indian populations fell into a precipitous decline; one estimate speculates that the population of Native Indians in North America fell by 74 percent between 1492 and 1800. In some regions populations recovered and in some areas increased, as refugees from other areas coalesced with existing groups, but all told, disease, in conjunction with war, slavery and other cultural disruptions determined there was scant opportunity for population recovery to occur. Treatment of epidemic related illnesses by traditional methods were often lethally counterproductive. Sweat lodge ceremonies to purify the body required convening people in a confined space and therefore making the airborne transmission of viruses easier. The profuse sweating brought about dangerous dehydration as did the use of customary herbal medicines, many of which contained cathartic and emetic properties. With the Indians resorting in anguish to curing societies and community rituals to combat new diseases; shamans explored new and more effective rituals through fasting and dreaming. The Mandan Indians, a farming tribe, living along the Missouri River at the edges of the Great Plains, were virtually wiped out by disease. When first encountered by the French in 1738 the Mandans population was approximately 15,000 but over the next hundred years, numbers declined dramatically. The Mandans location at the hub of the trade network on the Missouri River guaranteed exposure to the epidemic diseases sweeping through trade routes. Nucleated, sedentary tribes were hardest hit by disease; for the Mandans and â€Å"river peoples† like them, this caused further shifting of the power balance in the region to the Plains groups. After experiencing devastating losses in the smallpox pandemic of 1779-81, by June 1837 the Mandan population was at best 2,000; by October 1837, after another smallpox epidemic, 138 Mandan Indians remained. Like the Mandans, the Huron interactions with European traders inevitably brought disease to their villages. Prior to the summer of 1634, a Huron population of 30,000 persons and 20 villages was estimated by the French Jesuits who had lived among them. Influenza struck in 1636. Smallpox hit hard in the mid-1630s, returning in 1639 and by 1640 half the Huron people had been killed by the disease. A house to house census conducted by the Jesuits in the spring of 1639 and over the winter of 1639-40, documents the impact of the 1639-40 smallpox epidemic; the last in a series of catastrophic diseases between 1634 and 1640. A total of 12,000 Huron and their neighbors the Tionantate remained. As disease took its appalling toll, the Huron looked increasingly to the Jesuits for spiritual help. The missionaries who had been barely tolerated before, were largely unaffected by disease and therefore in the eyes of the Huron, men of power. Reinforcing this belief was the failure of the Huron shamans to forewarn or safeguard their people from the devastation. Over the course of the six years between 1634 and 1640, the Huron experienced a depopulation rate of 60 per cent. The Kiowa were a nomadic, buffalo-hunting tribe. They ranged from the head of the Missouri River to the Black Hills until driven southward by the Arapaho, Cheyenne and Sioux to the region near the Arkansas River in the early nineteenth century. At this time the Kiowa numbered around 2,000. Plains Indians being more dispersed, had a lesser chance of infection and greater chance of survival, but in the eighteenth and nineteenth centuries, epidemics of smallpox struck the Indians of the West hard. Up to half of the Plains Indians may have died in the smallpox pandemic of 1779-81, which had advanced along trade routes that the Indians followed to trade horses. The Dohasan calendar (1832-92) was begun by the Kiowa chief named Dohasan and continued until 1892 by his nephew when Dohasan died in 1866, chronicles sixty years of devastating change for the Kiowa. Using a copy of the calendar drawn by Dohasan himself, anthropologist James Mooney compiled an account of the events depicted by the calendar, from information supplied by Dohasan and supplemented with information from other Kiowa chronicles. The calendar accounts epidemics among the Kiowas in the winter of 1839-40 and 1861-62, and in the summer of 1849, cholera. By the summer of 1879, buffalo were so scarce that to keep from starving the Kiowas had to kill and eat their horses. The calendar ends in 1892 with a measles epidemic, which broke out at the reservation school, and once the school superintendent sent the sick children home, spread quickly. In 1848 gold was discovered in California, this inevitably brought more immigrants across the Plains, who in turn brought cholera, measles and scarlet fever to the Indians. The eventual conquest of the West by the American military came about in the in the aftermath of biological catastrophes which had left the Indians practically powerless and unable to resist. Conclude about how these experiences/events were critical in native American history Conclude by explaining why (or why not studying native American history is important today Native American history is important and it is imperative that it still be studied today. As part of the fundamental roots of this country; and the brutal behaviors It is impossible not to be apathetic to the Native Indians immense suffering at the hands of the formation of Colonial America. The gains achieved by the new America’ were at the detriment of the Indian people.

Friday, September 13, 2019

Application of Organisational Behaviour in Management

Application of Organisational Behaviour in Management In this paper I am going to describe the theme about organisational behaviour and to analyze and explore the aspects of organisational behaviour theory and its application in practice. The background of organisational behaviour The term originated in the early of 60’s (20th century), when several lines of scientific disciplines involved in explaining the processes that occur in the organisation, between organisations, as well as between the external and internal environment combined into a single entity. In spite of the increasing theorisation of organisational behaviour, it is actively used in practice. Businessmen mocked the concepts such as a group work or enrichment work for decades, as long as the consultants began to sell these ideas under the guise of a new tendency called â€Å"compressed production.† In the beginning they mocked â€Å"discussion of organisational culture†, but accepted these theories when consultants began to submit them under the label â€Å"organisational advantage, organisational skills.† Sometimes, the practitioners faced to different problems and became â€Å"the gullible victims† of the organisational fashion, the same ideas and researches. For example, the enthusiasm for â€Å"organisational excellence† mostly meant that people had never tried to assimilate and apply the standard concepts of organisational behaviour, which were known by at least thirty years before. Organisational behaviour is a systematic and scientific analysis of individuals, groups and organisations in order to understand, predict and improve the individual performance and functioning of the organisation (i.e., based on personality). Organisational behaviour is a study of people and groups in the organisation. This is an academic discipline, which helps managers to make effective decisions when working with people in a complex dynamic environment. It combines concepts and theories related to individuals, groups, org anisations in general. In accordance with the latter definition I can distinguish three levels of behaviour problems: Personal Group and Organisational Richard Pettinger proves the fact that organisational behaviour is concerned with: â€Å"the purposes for which organisations are created; the behaviour of individuals, and an understanding of the pressures and influences that cause them to act and react in particular ways; the qualities that individuals bring to particular situations; the creation of groups, collections of people brought together for given purposes; the background and context within which activities take place; relationships and interactions with the wider environment with other organisations and groups; the management and ordering of the whole and its parts into productive and effective work relationships.† (Pettinger (2000) page 4). Organisational behaviour is a systematic study and practical application of knowledge about how people (individuals an d groups) interact within the organisation. According to Simms, Price & Ervin the main purposes of organisational theorists are â€Å"to revitalize organisational theory and develop a better conceptualisation of organisational life.† (Simms, Price and Ervin (1994) page 121). Jablin and Putnam admit that â€Å"an organisational theorist should carefully consider levels assumptions being made in theory, and is concerned to help managers and administrators.† (Jablin and Putnam (2000) page 146). The main approaches to the study of organisational behaviour There are two basic approaches: Trial and error method, based on the accumulation of life experiences to find effective behaviours. Using special techniques and methods of related disciplines. This approach involves the mastery of theoretical knowledge and practical skills. It is important for a manager to combine both approaches. There are the following techniques in the study of organisational behaviour: surveys, including interviews, questionnaires, testing. Collection and analysis of information (based on the study of documents). Observation and experiment.

POLicy ANALYSIS Essay Example | Topics and Well Written Essays - 500 words

POLicy ANALYSIS - Essay Example The policy makers therefore adopt different strategies for addressing the concerns of nurses as these approaches can be more beneficial and less costly for the nurses as well as the patients. The nurse workforce in a particular hospital is based on licensed practical nurses, registered nurses and licensed nurses and then there are nurses’ aides. Both the LPNs and RNs are licensed by the same State in which they reside and practice. It is the responsibility of the RNs to access the needs of the patients, administration treatments and medications and develop patient plans. The maintenance of the minimum nurse to patient ratio will be beneficial for the patients as well as the nurses. There is a need for the policymakers to realize not only the potential benefits associated with the ratio but also potential expenses associated with these benefits. Minimum nurse staffing ratio helps the hospital to improve as well as increase the quality of its operations. The patients are more satisfied by the working of the staff and there are enough nurses present in the hospital to deal with emergency cases which results in low mortality rates. Acquiring minimum nurse staffing ratio also allows the hospital to give their full attention to each and every patient and not neglect the needs of any of them. On the other hand not having adequate number of nurses will misbalance the effective working of the hospital and the lives of many patients will be at stake. Aiken, Clarke, Sloane, Sochalski, & Silber in their article empahsize upon the importance of staffing ratio on the health of patients. There is no doubt about the fact that the staffing ratios help to alleviate the shortage of nurses. It discusses the fact that the working conditions of the hospitals may affect the number nurses willing to work within an hospital. Therefore staffing ratios help in improving the quality of hospitals which affect the patients’ mortality rate and

Thursday, September 12, 2019

Project finance and risk management Research Proposal

Project finance and risk management - Research Proposal Example In this case, the payment of the loans comes from the organization, backed by the organization’s entire balance sheet, as opposed from the revenues of the projects. Similarly, the lenders consider the strength of the balance sheet of the organization financing the project as a prerequisite for lending. The nature of financing projects is quite dynamic considering the fact that projects can be large or small and can be public or private projects. Despite the enormous benefits that come with project finance, it is vital to note that these projects do carry with themselves many risks, some of which may have far-reaching implications. In essence, special project vehicle (SPV) undertakes projects in project finance because the projects are off-balance sheet transactions. However, project managers have discovered the best way to counter the challenge through effective allocation of risks hence improving the performance of project financed by different companies. In fact, this projec t financing and risk management go hand in hand, as the former needs the latter in order to ensure efficient project financing and achievement of the project objectives. ... In this case, a number of risks ranging from political risks to feasibility risk and therefore this paper will take a close look at how to manage project related risks in the course of financing challenging projects. This will be especially significant because for every project being finance, there is a risk associated with the implementation of the project although the risks could be managed through proper mechanisms and expertise. Keywords: Risk allocation; project finance; Risk Management 2.0 Justification of the proposed research Undoubtedly, many of the successful projects receive their fiances from the dedicated corporates and non-governmental organizations depending on the nature and complexity of such projects. In this case, project financing may encompass the creation of a project that is independent and receives its due equity from one or more of the sponsoring entities with a view of making maximum investment in capital assets (Esty 2004, pp. 2013-224). More often than not , project financing involves large projects that cut across nations although some of the companies involved may finance projects on a small-scale basis. Indeed, project financing is the development model for the 21st century given that during the year 2001 alone, capital investments worth $ 200 billion were financed by various project companies across the globe. With an annual growth rate of 20 %, such projects have seen nations achieve unprecedented economic development rates amid domestic challenges (Kleimeier and Versteeg 2010. pp. 49-59). Although project finance works well in areas that are less prone to risks, it is obvious that the presence of risks in any project accentuates the significance of such projects. This means that project fiance

Wednesday, September 11, 2019

Analysis of the Chinese films Essay Example | Topics and Well Written Essays - 1000 words

Analysis of the Chinese films - Essay Example As pointed out, the protagonist was forced to be the custodian of Kosaburo Hanaya and Dong Hanchen. Before this incident, Ma Dasan’s life was flowing slowly without much problem. But this incident forced Ma Dasan to be in a dilemmatic situation because the person who handed over the prisoners pointed out that he must look after the prisoners with due care. The following events include the futile effort undertaken by Ma Dasan to keep the prisoners safe, hiring of One Stroke Liu to execute the prisoners and failure to do so, Kosaburo Hanaya’s return to his homeland, and the fire in Ma Dasan’s village, Ma Dasan’s attempt to take revenge and his ultimate doom. The most shocking incident in the film is the large scale massacre at the feast. This incident ignited the feeling of revenge in Ma Dasan’s mind. Earlier, Ma Dasan’s role in the village (say, his community or society) was to obey the law and order without showing his hesitation. But this in cident transformed him from a passive individual to an active individual who is ready to give up his life for a noble purpose. A bird’s eye view of the film leads one to misinterpret the same as an anti-Japanese invasion genre film. But deeper understanding leads one to the realization that the director’s attempt is to mock the hypocrisy of the Chinese authorities and the mentality of the Chinese villagers towards the Japanese invaders. For instance, in the film, children are ready to share secrets with the invaders and the villagers feel satisfied by the supply of food grains. Besides, this unveils the passive attitude shown by the people towards the authorities. The fundamental problem of violence in the film faced by the ignorant villagers without a unified authority is two sided. For... The contemporary Chinese cinema is undergoing rapid but positive change. Nowadays, the Chinese film makers show keen interest to inculcate innovative ideas in their films. For instance, the film Devil at the Doorstep by the Chinese actor cum director Jiang Wen is one of the best examples which highlight the foretold change. Jiang Wen’s prior status as an actor did not hinder him from choosing the story line of the film Devil at the Doorstep, which carries violence and mental trauma faced by individuals in a closed society. The film was able to gain the jury prize at Cannes, but that did not help Jiang Wen as a direThe film Devil at the Doorstep by Jiang Wen was accepted by the international viewers but less accepted by the Chinese government. The main problem faced by Jiang Wen was the restriction upon individual freedom of a director with the international outlook. The main reason behind the less acceptance and ban on the film was the realistic and critical attitude of the di rector towards power politics, violence and its effect upon the individuals. The protagonist’s transformation from an inactive stage to activism and as the mouthpiece of the director to communicate with the viewers is the most important development in the film. The narrative feature of the film is conversational and less ambiguous because of the usage of the historical plot. The stylistic features of the film raise the same from its limitations to the international arena of cinematography.

Tuesday, September 10, 2019

Definition of Human Rights Essay Example | Topics and Well Written Essays - 1000 words

Definition of Human Rights - Essay Example It is clear from the discussion that the development of human rights is supported by many institutions but the major source of conception is the Universal Declaration of Human Rights. The treaties and laws instituted under this statute are later adopted by several international organizations. The human rights philosophy has answers to the queries regarding the creation, concept, nature, universal approach, justification and legality of each and every human right. Human rights are considered to be universally applicable to people from all societies, to provide legal and independent status to them. However, this concept it somehow produces continuous doubts in the mind of critics and, thus, a philosophical difference occurs at many stages. A wide range of literature, interpreting and illustrating the philosophy of human rights, has been published. Thus, if people analyze and understand the concept in its right perspective, such doubts can be eliminated. In 1948, the Universal Declarati on of Human Rights has proposed a list of more than twenty-four specific rights that every member nation has to accept to guarantee protection to its citizens (Morsink 12). The division of the formulated human rights also has been done in six different categories. The first category is right to security, which gives protection to citizens from criminal activities like annihilation, bloodshed, violence, victimization, and rape. The second category includes the rights that guarantee complete safety from atrocities of the legal system like punishment without trial, unfair or secret trials and harsh punishments. The third category includes liberty rights that provide protection and liberty of belief, speech, right to assemble and participate in political or social movements.  

Monday, September 9, 2019

Discussing incentives to conserve marine biodiversity conservation Assignment - 1

Discussing incentives to conserve marine biodiversity conservation within the framework of impure public goods - Assignment Example e into limestone, the ability of the oceans to provide sustenance in the form of sea life to tens of millions around the globe, and the ability of these oceans to dissipate the heat that the sun emits forms an integral part of why the oceans and the marina diversity that is exhibited within them is of such extreme importance. Through such a level of understanding, the following discussion will be concentric upon defining what an impure public good is, the externalities associated with these impure public goods, the technology of public good supply, and the types of economic incentives that are created for impure public goods. Firstly, an impure public good is that which is represented to all members of society but one that dilutes the utility that an individual might otherwise gain from enjoying a completely and entirely â€Å"pure† public good. For instance, in the case of the world’s oceans and marine bio-diversity, an example of the impure public good would be the level of toxic waste that is dumped into these oceans each and every year. As this pollutes the environment and creates a hardship on the marine biodiversity that would otherwise be evidenced, the destruction to the environment decreases the utility that a person could stand to gain from this otherwise â€Å"pure† public good. The externalities to this are clear, food that is harvested from the world’s oceans then in turn is sickly and likely to diminish in overall quality; or at the worst – have high levels of toxins evidenced throughout their bodies. As a means of understanding the further nuances and dynamics of public goods, the weakest link rule denotes that the socially available amount equates to the minimum of the overall quantities that can individually be provided. By means of contrast and comparison, the â€Å"best shot† rule states that the socially available amount denotes the maximum individual quantity. Naturally, incentives, both positive and negative, can impact upon the

Sunday, September 8, 2019

Causes of prejudice (I have a strict formula requirement.please read Research Paper - 1

Causes of prejudice (I have a strict formula requirement.please read order instructions box) - Research Paper Example Ethnocentrism is the ethnic subdivisions and distinctions that functions to define each distinct cultural identity. It entails judging other groups culture relative to the standards and values of one’s particular culture. Both prejudice and ethnocentrism has been seen causing tumultuous social relationships in the daily events especially between the dominant and the minority groups. Causes of prejudice , is a well documented book by one of the famously known sociological authors named Vincent N. Parrilo. In his book, Parrilo tries to analyze several a number of theories that tries to explain the motives and factors for a prejudiced behavior. These motives behind racial prejudice have been pillars for the creation of racial categories in both the current and the past human societies. The second article by C.P Ellis sounds likes autobiography. He vividly recalls many mishaps in his life that formed the basis of his prejudiced personality. This was mainly because of self-justific ation. The many difficulties he encountered in his life anchored with peer influence made him develop a strong sense of prejudice especially to the African Americans. However, this ended after he came back to his senses and realized that no race is better than the other is. Malcom X. the author mainly focuses on how our own personalities influences levels of prejudice has written the third article entitled learning to read. His great interest to develop learning skills as an inmate, made him made him rise to be to be one of the greatest historians of all times. His unique personality made him an all round individual with no any racial bias to all groups in the society and motivates him to enhance the

Saturday, September 7, 2019

Health Systems Administration Essay Example | Topics and Well Written Essays - 750 words - 1

Health Systems Administration - Essay Example To operate as a team in the management and direction of the hospital, the administrator, and associate administrator and chief of staff occupied the top level position of a Military hospital. For clinical services the physician chief of staff has line authority and for all administrative services, the associate administrator has line authority. They are also actively involved in the overall management of the hospital. 3. Public Relations: A health care delivery system maintains good relations with various organizations such as other hospitals, medical societies, medical schools and other colleges and universities, and public health officials and organizations The health system administrators have full responsibility for planning, directing, organizing, coordinating, and controlling overall administrative operations The Health System Administrator at this Level directs a full range of administrative services including fiscal, personnel, supply, engineering, medical records administration, and hospital housekeeping. The Health System Administrator at Level II works on a day-to-day basis with the health care delivery system's administrator and chief of staff. The health system administrator participates in top management discussions, decisions, and policymaking, and sharing accordingly in the responsibility for top management actions except those which require a strictly medical decision. The main functi The main functions include developing, and adjusting organizational structures and management systems for the administrative and allied health services

Friday, September 6, 2019

Prejudice is a learnt trait Essay Example for Free

Prejudice is a learnt trait Essay Prejudice is the quality or condition of judging someone or a group of people before you meet them, usually by using stereotypes. People are not born to be prejudice; they are taught and influenced by their parents, friends and surroundings. Furthermore, prejudicial attitudes stem from ignorance and this leads to an unbreakable chain. People are not born with the mentality of hating someone because of their race, culture or sex. â€Å"If your lens are prejudice, you are wearing the wrong prescription. † It is against nature to hate your own species. So how do people develop prejudice? It can be assumed that children are not as prejudice as their parents since they are generally happy to get along with anybody that’s nice to them because they have not been exposed to the stereotypes in society. As they grow up and become exposed to more ethnic groups and people, they are taught to stay away from certain individuals to protect them. Parents and teachers constantly remind children of â€Å"stranger danger† and this creates a template of who is dangerous which then carries onto their views later on in their lives. The template created by adults teaches children to have prejudicial attitudes towards certain types of people. If your parents taught you to trust women rather than men, as a child, wouldn’t you believe them? Children choose to believe their parents’ points of views because they haven’t had the opportunity to create their own opinions. As adults, parents would already have multiple experiences with different people and cultures, which they pass onto their children. As well as passing on their own knowledge, parents also hand down their prejudicial attitudes to their children. Consequently, children who develop these prejudicial attitudes pass them onto their own children as well. E. B. White once said, â€Å"Prejudice is a great time saver. You can form opinions without having to get the facts. † People choose to believe stereotypes because they’re easier to understand but also because they’re afraid of challenging them. Additionally, these fears of challenging stereotypes are associated with ignorance (lack of knowledge or information). When people lack the knowledge or information about a person or group of people, it results in prejudice. In the film, Gran Torino, the main protagonist, Walk Kowalski has limited experiences and also lacked knowledge of the Hmong, which ensued his prejudicial attitudes towards them. As his neighbor, Sue, teaches Walt more about the Hmong culture, he discovers that they have the same values as him and ultimately becomes close friends with them and even stands as a fatherly figure for Sue’s younger brother, Thao. It can be said that many people choose not to go through the effort of learning more about different people merely because it’s easier and less time consuming than building relationships with more people. Although, even if a person were to try and learn more about a different culture, they’d already have their own opinions based from stereotypes, which holds them back and hinders their ability to look past their prejudicial thoughts and feelings. Prejudice is the chain forged by ignorance to keep men apart, which is exactly why it is so unnatural. It goes against human nature to want to be apart from other people yet society is convinced that prejudice is normal and therefore acceptable to pass onto future generations. This belief is what causes the chain of prejudice to be unbreakable. People are prisoners of their own experiences. â€Å"No one can escape prejudice- only recognise them. † People recognise prejudicial attitudes and even berate others for being prejudiced when in reality, they’re doing the same thing. The reason why prejudice cannot be overcome is because society chooses not to. It’s never to late to give up our prejudices but instead of overcoming these preconceived ideas, people make the choice to continue to pass on their prejudicial attitudes to their children or even their friends and family. We pick up new prejudices as we go through life at school, work and also at home. You may hear people saying things about someone and because you don’t know anything about that person you instantly choose the side of the person talking because they are the source of the information you use to base your prejudice from. All it takes is one person to start the chain of prejudice. Children are not born with prejudice. No one is. The people surrounding you as well as your own experiences and surroundings teach you prejudice. It’s like talking or walking. Babies cannot talk or walk but are taught by their parents. Prejudice is the same.

Thursday, September 5, 2019

Corporate Strategy Tata Corus Acquisition Marketing Essay

Corporate Strategy Tata Corus Acquisition Marketing Essay Corporate Strategy is about enabling an organization to achieve and sustain superior overall performance and returns. It is a core responsibility of senior executives and encompasses a range of critical activities, from defining and refining corporate vision to strategic performance measurement and management. Organizations are facing exciting and dynamic challenges in the 21st century. In the globalised business, companies require strategic thinking and only by evolving good corporate strategies can they become strategically competitive. A sustained or sustainable competitive advantage occurs when firm implements a value creating strategy of which other companies are unable to duplicate the benefits or find it too costly to initiate. Corporate strategy includes the commitments, decisions and actions required for a firm to achieve strategic competitiveness and earn above average returns. Corporate growth strategies Growth can be achieved by different means. One approach is from within and another is from outside -that is combinations. Different forms of combinations are: Amalgamation/Merger: Merger takes place when there is a combination of two or more organizations. Merger does create a new corporation. Acquisition/takeovers: One Company acquires another companys controlling interest. The acquired company operates as a separate division or subsidiary by offering cash or securities in exchange for majority of shares of another company. Sales of Assets: A company can sell its assets to another and cease to exist. Holding company acquisition: This is a quasi merger. Either the total or majority of a firms stock will be acquired. The purpose is only management and control of other. Mergers can also be classified into the following forms: 1. Horizontal mergers take place when there is a combination of two or more organizations in the same business, or of organizations engaged in certain aspects of the production or marketing process. For instance a company making footwear combines with another retailer in the same business. 2. Vertical mergers take place when there is a combination of two or more organizations not necessarily in the same business, which complement either in terms of supply of materials (inputs) or marketing of goods and services (outputs). For instance a footwear company combines with a leather tannery or with a chain of she retail stores. 3. Concentric mergers take place when there is a combination of two or more organizations related to each other either in terms of customer functions, customer groups, or the alternative technologies used. A footwear company combining with hosiery firm making socks or another specialty footwear company, or with a leather goods company making purses, handbags, and so on. 4. Conglomerate mergers take place when there is a combination of two more organizations unrelated to each other, either in terms of customer functions, customer groups, or alternative technologies used. For Example: A foot wear company combining with a pharmaceuticals firm. In our project report, we explore the various facets of perhaps one of the most important acquisitions ever made by an Indian Company, that of Tata-Corus. History of the two giants TATA Group Tata Group is an Indian multinational conglomerate company headquartered in the Bombay House in Mumbai, India. In terms of market capitalization and revenues, Tata Group is the largest private corporate group in India. It has interests in chemicals, steel, automobiles, information technology, communication, power, beverages, and hospitality. The Tata Group has operations in more than 80 countries across six continents and its companies export products and services to 80 nations. The Tata Group comprises 114 companies and subsidiaries in eight business sectors. Its total revenue is $67.4 billion, profit $1.74 billion and total assets $52.8 billion. The main aim of the TATA group is to improve the quality of life of the community it serves. The group has played a pioneering role in a variety of fields after Indias independence and it is widely respected for the initiatives it has taken in different fields for upliftment of the country. TATA Steel Tata Steel Group is one of Indias largest integrated private sector steel companies. The group manufactures and distributes steel, welded steel tubes, cold rolled strips, bearings, and other related products. Tata Steel Group operates across Asia, Europe, and Australia. Tata Steel Group is headquartered in Mumbai, India and employs about 86,600 people. The group recorded revenues of INR 1,473,292.6 million (approximately $32,147.2 million) in the financial year ended March 2009 (FY2009), an increase of 12% over FY2008. The operating profit of the group was INR141,279.5 million (approximately $3,082.7 million) in FY2009, compared with an operating profit of INR 141,213.4 million (approximately $3,081.3 million) in FY2008. The net profit was INR49,509 million(approximately $1,080.3 million) in FY2009, a decrease of 59.9% compared with FY2008.It is the worlds sixth largest steel company with capacity of 31 million tones per annum (tpa).The group is the worlds second most geographically diversified steel producer, with operations in 26 countries and commercial presence in more than 50 countries. Tata Steel Groups strong market position gives it advantage of scale and increases its bargaining power. The story of Tata Steel is a century old. And so is the story of steel in India. Etched with the visions and hardships of a single man, the story has flowed through ages to re-define steel in every way. The saga, which started in 1907, completed a century of trust in 2007 and carries on. Over the years this one company has discovered different avenues of effective steel utilisation and its story defines and re-defines conventional wisdom in more ways than one.The Steel Company obtained its first colliery in 1910, adding six more in course of time. Several mines were spread over the states of Bihar, Orissa and Karnataka. The Tatas soon became the first to own a fully mechanised iron ore mine in India at Noamundi. The Coal Beneficiation Plant at West Bokaro undertook beneficiation of low-grade coal, thus helping in the conservation of the fast dwindling resources of high quality coal. The collieries, the mines and the quarries together furnish the bulk of the raw material requirements of the plant. When the entire world was reeling in the Great Depression, the Tatas survived and supplied nearly three-fourth of the countrys steel requirements. By the Second World War, Tatas production capacities had expanded enough to make their prices lower than those of steel produced in England, raising them to an authoritarian position. Post-Independence the Tatas decided to set on the Herculean task of nation building. The much-required steel for the newly devised Five-year Plans came from the Tata factories. The Company undertook the Howrah Bridge in Calcutta, the Bhakra-Nangal Project and the Damodar Valley Corporation, the port at Kandla, the city of Chandigarh and many more important projects. The last decade of the twentieth century happened to be a very hectic period of self-renewal and growth for Tata Steel. An extensive technological overhaul, several improvement projects, cost control measures, optimising IT support and a strong customer-centric approach were all instrumental in finding the right direction for changing outlooks. At the turn of the millennium, Tata Steel had earned the complete trust of the whole wide world and emerged as a strong entity in the global steel industry.The last decade has been marked by Tata Steels prominent role in the overall development of the country, even during phases of economic turbulence and its decisive foray into more and more global territory. Intense strategic thinking about future expansions, plans for organic growth and initiation of new projects are a few highlights in Tata Steels expanding and more penetrative roles in the larger perspective. The acquisition of NatSteel in 2004 was Tata Steels first overseas acquisition a nd the series of joint ventures and mergers that followed found a peak when the acquisition of Corus, happened in April 2007. But in every positive step that the Company has taken towards growth and expansion, involving diverse cultures and geographies, Tata Steel has never lost sight of its great heritage of social and community responsibility. The long journey of Tata Steel has seen the Company re-define its performance parameters in a number of ways to become the global steel industry benchmark for value creation and corporate citizenship. It ensures a total commitment to its ethical business practices and a people oriented vision. SWOT Analysis Of Tata Steel Strengths Strong market position Integrated steel operations in India Strong research and development (RD) capabilities Weakness Dependence on third party suppliers for raw material in Europe Dependence on Europe Opportunities Expansion in India Joint ventures to develop mining activities Anticipated demand for steel in India Threats Consolidation in the global steel industry Environmental regulations Corus Group Corus Group plc was formed on 6th October 1999, through the merger of two companies, British Steel and Koninklijke Hoogovens, following the privatization of many steelworks companies by the U.K. government. The company consists of four divisions which include: Strip Products, Long Products, Aluminum and Distribution and Building Systems. With headquarters in London, Corus operates as an international company, satisfying the demand of many steel customers worldwide. Its core business comprises of manufacturing, development and allocation of steel and aluminum products and services.The company has a wide variety of products and services which comprise of the manufacturing of electrical steel, narrow strip, plates, packaging steel, plated steel strip, semi finished steel, tube products, wire rod and rail products and services. However, the company is also engaged in providing a variety of services including design, technology and consultancy services. Corus products and services are acq uired by customers from diverse fields such as commercial and military aerospace ventures, the automotive, construction, engineering, defense and security, as well as the rail and shipbuilding industry. In terms of performance, the company is regarded as the largest steel producer in the UK. It is headquartered in London, the UK and employs 21,300 people. The group recorded revenues of  £9,733 million during the fiscal year ended December 2006, an increase of 6.3% over 2005. The operating profit of the company  £457 million a decline of 28.9% over 2005. The net profit was  £229 million in fiscal year 2006, a decline of 49.2% over 2005. SWOT Analysis Of Corus Group Strengths Diversified product portfolio Strong technology Diversified geographic presence Weakness Rising expenses Lack of scale Weak returns Opportunities Positive outlook for the aircraft industry Growing US construction industry Growing Chinese steel market Threats Economic slowdown in the US and Eurozone Consolidation in the global steel industry Increase in energy and fuel costs The Deal The deal (between Tata Corus) was officially announced on April 2nd, 2007 at a price of 608 pence per ordinary share in cash. This deal was a 100% acquisition and the new entity was be run by one of Tatas steel subsidiaries. As stated by Tata, the initial motive behind the completion of the deal was not Corus revenue size, but rather its market value. Even though Corus is larger in size compared to Tata, the company was valued less than Tata (at approximately $6 billion) at the time when the deal negotiations started. But from Corus point of view, as the management has stated that the basic reason for supporting this deal were the expected synergies between the two entities. Corus has supported the Tata acquisition due to different motives. However, with the Tata acquisition Corus has gained a great and profitable opportunity to make an exit as the company has been looking out for a potential buyer for quite some time. The total value of this acquisition amounted to à ¢Ã¢â‚¬Å¡Ã‚ ¤6.2 billion (US$12 billion). Tata Steel the winner of the auction for Corus declared a bid of 608 pence per share surpassing the final bid from Brazilian Steel maker Companhia Siderurgica Nacional (CSN) of 603 pence per share. Prior to the beginning of the deal negotiations, both Tata Steel and Corus were interested in entering into an MA deal due to several reasons. The official press release issued by both the company states that the combined entity will have a pro forma crude steel production of 27 million tones in 2007, with 84,000 employees across four continents and a joint presence in 45 countries, which makes it a serious rival to other steel giants. The official declaration of the completed transaction between the two companies was announced to be effective by Court of Justice in England and Wales and consistent with the Scheme of Arrangement of the Tata Steel Scheme on April 2, 2007. According the Scheme regulations, Tata Steel was required to deliver a consideration not later than 2 weeks following the official date of the completion of the transaction. At the time of acquisition, nearly 49% of Corus was owned by British shareholders, 11% by North American shareholders, 10% by Dutch shareholders and another 30% by shareholders in Germany, France, Belgium and other countries. At first, it had appeared that Tata would get Corus unopposed as the bid had received favourable initial response from the Corusà ¢Ã¢â€š ¬Ã… ¸ Board. The Corus board had unanimously accepted Tata Steels takeover proposal and had even recommended it for shareholders approval. However, things changed soon after CSN entered the fray, making a more competitive offer than Tata. The bidding process continued for three months with CSN countering each successive move by Tata with a higher bid for the equity of Corus. For example, when Tata raised their bid to $9.2 billion for Corusà ¢Ã¢â€š ¬Ã… ¸ equity in early December 2006, CSN countered it with $9.6 billion within hours of the Tataà ¢Ã¢â€š ¬Ã… ¸s offer. When months of takeover battle could not determine the winner, UKà ¢Ã¢â€š ¬Ã… ¸s Takeover Panel announced that it would hold an auction with a maximum of nine rounds to decide the winner. The auction took place on 30th January 2007. On the auction eve, Ratan Tata along with Tata Steel managing director B Muthuraman were monitoring the Corus auction taking place thousands of miles away in London. The Tata Sons director Arun Gandhi, their investment bankers and advisers were in London representing Tata Steel. The entire deal timeline is detailed below: Deal Timeline September 20, 2006 : Corus Steel has decided to acquire a strategic partnership with a company that is a low cost producer October 5, 2006 : The Indian steel giant, Tata Steel wants to fulfill its ambition toExpand its business further. October 6, 2006 : The initial offer from Tata Steel is considered to be too low both by Corus and analysts. October 17, 2006 : Tata Steel has kept its offer to 455p per share. October 18, 2006 : Tata still doesnt react to Corus and its bid price remains the same. October 20, 2006 : Corus accepts terms of à ¢Ã¢â‚¬Å¡Ã‚ ¤ 4.3 billion takeover bid from Tata Steel October 23, 2006 : The Brazilian Steel Group CSN recruits a leading investment bank to offer advice on possible counter-offer to Tata Steels bid. October 27, 2006 :Corus is criticized by the chairman of JCB, Sir Anthony Bamford, for its decision to accept an offer from Tata. November 3, 2006 : The Russian steel giant Severstal announces officially that it will not make a bid for Corus November 18, 2006 : The battle over Corus intensifies when Brazilian group CSN approached the board of the company with a bid of 475p pershare November 27, 2006 : The board of Corus decides that it is in the best interest of its will shareholders to give more time to CSN to satisfy the preconditions and decide whether it issue forward a formal offer December 18, 2006 : Within hours of Tata Steel increasing its original bid for Corus to 500 pence per share, Brazils CSN made its formal counter bid for Corus at 515 pence per share in cash, 3% more than Tata Steels Offer. January 31, 2007 : Britains Takeover Panel announces in an e-mailed statement that after an auction Tata Steel had agreed to offer Corus investors 608 pence per share in cash April 2, 2007 : Tata Steel manages to win the acquisition to CSN and has the full voting support form Corus Valuation Due Diligence Tataà ¢Ã¢â€š ¬Ã… ¸s original bid for Corus had been at 455 pence a share in mid-October 2006, valuing Corusà ¢Ã¢â€š ¬Ã… ¸s equity at $8 billion. But as a result of the bitter fight with CSN of Brazil, Tata finally paid a price of $12.9 billion in an all-cash deal, raising doubts that the acquisition would likely turn out to be a winnerà ¢Ã¢â€š ¬Ã… ¸s curse. Within weeks of the acquisition announcement, Tata Steel had lost over $1 billion in market capitalization, as the market reacted negatively to the high price paid. The wealth-accretion advantages of the deal, if any, would accrue in the long term. Immediately, it meant raising huge amounts of debt and equity to finance the deal. Both Moodyà ¢Ã¢â€š ¬Ã… ¸s Investors Service and Standard Poorà ¢Ã¢â€š ¬Ã… ¸s said they might lower Tataà ¢Ã¢â€š ¬Ã… ¸s debt rating which meant that debt financing would likely neither be easy nor cheap. To finance the Corus buy, Tata Steel embarked upon what was perhaps the biggest fund-raising exercise by an Indian company. It raised funds through a number of sources. These included a rights issue of equity shares, rights issue of convertible preference shares and long-term debt including foreign currency structured issues. Tata Steel and its fully owned subsidiaries Tata Steel UK and Tata Steel Asia Singapore were involved in the unprecedented fund raising exercise by an Indian company. Tata Steel UK was also the SPV for the Corus takeover. The whopping about $13 billion was planned to have been raised as shown in the table below Company Source Amount ($ Mil) Tata Steel Internal generation 700 Tata Steel External commercial borrowings 500 Tata Steel Preferential issue of equity shares to Tata Sons 640 Tata Steel Rights issue of equity shares to its shareholders 862 Tata Steel Rights issue of convertible preference shares 1,000 Tata Steel ADR/GDR EQUITY ISSUE 500 Tata Steel UK Non-recourse debt raised from a consortium of banks 6,140 Tata Steel Asia Singapore Bridge finance 2,660 Total 13,002 By early April 2007, Tata Steel had completed the $12.9 billion (Rs 52,700 crore) acquisition of Corus Group plc at a price of 608 pence per ordinary share in cash. The enlarged company would have a crude steel production of 27 million tonnes in 2007 and would be the worlds fifth largest steel producer with 84,000 employees across four continents. Need for the Deal Introduction The Tata Iron and Steel Company (name later changed to Tata Steel) was established by Sir Jamsetji Tata in 1907. By 2006 it was Indias largest integrated private sector steel company. With its recent acquisitions and mergers, the company has become a multinational with operations in various countries. It was recognized as the worlds best quality steel producer in 2005. Though domestically the company had seen significant growth in the 100 years, it ranked a poor number 56 globally in terms of steel output. In order to enhance its market share in the global market Tata steel made several smaller foreign acquisitions, including Singapores NatSteel and Thailands Millennium Steel. But these small incremental deals would not enable Tata Steel to capture the sudden opportunity that had arisen in the steel market. We believe that Tata Steel had to act in response to the changing environment, the industry structure and to exploit its competencies and resources at its disposal, which led to its decision of acquiring Corus, a steel firm much bigger in size compared to Tata Steel. We propose to explain the need for the related linked diversification, logic and reasoning behind the deal through the Resource-Based Model of Above Average Returns and the I/O Model of Above Average Returns. Resource-Based Model of Above Average Returns Deriving Synergies There were a lot of apparent synergies between Tata Steel which was a low cost steel producer in fast developing region of the world and Corus which was a high value product manufacturer in the region of the world demanding value products. Synergies also existed in terms of sharing and manufacturing practices, shared services and purchasing. Also there were other synergies between the two companies; Corus was a large player in value-added services while Tata Steel was one of the lowest cost producers of steel in the world. According to Tata Steel Annual Report of 2007-08 the expected synergies and efficiencies had already started flowing in and would bring in annual benefits of USD 450 million per annum by year 2010. Raw Material Tata Steel also has a relative cost advantage because it owns iron-ore mines which Corus did not. Corus was fighting to keep its productions costs under control and was on the lookout for sources of iron ore. (Tata Steel owns enormous volumes of high-quality iron ore and other minerals needed for steel-making. Captive raw materials linkages have given the modernizing and expanding Jamshedpur mill a competitive edge. Tata Steel is set to build greenfield mills in iron ore-rich states of Orissa, Jharkhand and Chhattisgarh). The joint entity will have a self sufficiency in raw material. Cultural There was a strong culture fit between the two organizations both of which highly emphasized on continuous improvement and ethics. Tata steels Continuous Improvement Program Aspire with the core values: trusteeship, integrity, respect for individual, credibility and excellence. Coruss Continuous Improvement Program The Corus Way with the core values: code of ethics, integrity, creating value in steel, customer focus, selective growth and respect for our people. Importantly, the rest of cultural differences between the two companies had been taken care of and the two merged entities were working under their joint management. Tata Steels earnings per share had improved after the merger. Sharing Competencies According to Ratan Tata, post-merger the immediate focus would be on extracting synergies from Corus. He felt that there was scope to make Corus a competitive steel company by inculcating the creativity and cost-consciousness in Corus as had been generated in Tata Steel. Product Mix Geographical and product mix possibilities. The combined entity will emerge as the second most geographically diversified steel company. It will have access to high valued- added product mix and strong market positions in automotive, construction and packaging. Reputation The Corus acquisition allowed Tata Steel to enhance its reputation and acquire a Global name. This has the potential to open up other markets for steel for Tata Steel, improve its bargaining power with respect to suppliers and customers. Sharing Complimentary Strengths Corus has a strong Research and Development (the number one position in the entire world) and product development for value added products in auto, construction and packaging which compliment what Tata Steel is doing in the fast growing Asian markets. A merger would complement their respective strengths. Low Cost Slabs Tata Steel has large supply of iron ore slabs from its green fields established in India in places like Orissa, Jharkhand, etc. Tata Steel can supply this slabs to Corus once these green fields in India are complete. In addition, there will be other ways to create value, linked to the projects of Tata Steel in India today. Patents and Technological know-how Corus has eighty-one patents that have been filed and assigned to the Corus by the United States Patent Trademark Office. Tatas completion of the acquisition meant it ended up becoming the owner of these patents. There would be technology transfer and cross-fertilization of RD capabilities between the two companies that specialized in different areas of the value chain. Distribution Network Tata has a strong retail and distribution network in India and SE Asia. This would give the European manufacturer a in-road into the emerging Asian markets. Tata was a major supplier to the Indian auto industry and the demand for value added steel products was growing in this market. Hence there would be a powerful combination of high quality developed and low cost high growth markets. With Tata Steel the cheapest manufacture of steel in the world the new company will become highly profitable. Strategic and Integration Committee A Strategic and Integration Committee was formulated to develop and execute the integration and further growth plans. Appropriate cross functional teams were formed under this committee to look into specific issues. There were some concerns over the lower return of capital employed and EBIDTA margins in 2007-08 which seemed to have declined. As debt would be repaid over the years, the EBIDTA margin as well as return of capital employed were likely to improve, but would need to be carefully watched. I/O Model of Above Average Returns Scanning At around eight per cent of GDP growth, India is seen well poised for a burst in development, a high increase in production output and a surge in demand for various goods from the common people of India. Industry experts are buoyant and bullish on the economic, demographic (in terms of young workforce, increase in incomes and hence an increase in consumption), and the helpful political environment (in terms of tax reliefs to industries, a commitment from the government to implement and introduce policies which further the interests of commerce). The Tatas were able to identify the early signals of potential changes in the environment and detect the changes that were underway. They were able to connect the dots and realize that as a result of the above changes in the environment the steel industry would look more and more attractive. There would be more need of steel due to the growth of car and aviation industries. Monitoring It was clear that in a fragmented steel industry to get the cost advantages and a competitive edge to exploit the emerging opportunities consolidation was needed in the steel segment. This logic was the basis for a spree of mergers and acquisitions pursued by Tata Steel. The rapid progress of the Indian automobile, engineering and construction industries means that the country will need more and more high-quality steel and it is seen that the global steel prices are on an incline. Access to Corus technology will, in course of time, allow Tata Steel to move up in the value chain. The acrimonious but successful Mittal-Arcelor deal also gave Tatas sufficient signal on consolidation being the emerging trend in the steel industry. Forecasting Although, Tata Steel was Indias largest integrated private sector steel company but globally ranked number 56 in terms of steel output. The Tatas realized that the Corus buy would instantly catapult Tata Steel to the position of 5th largest steel producer in the world, and provide access to the latest technology and strategic European markets as Corus had plants in Britain, Germany, France, the Netherlands and Belgium. It was also expected that Tata Steel would benefit from reduced production costs due to large volume, combined RD operations and broader product range. Corus acquisition would also dovetail with Tata Steels efforts to move up the value chain, as the former had built a reputation as an established supplier to the aviation and auto industries. Assessing Brazilà ¢Ã¢â€š ¬Ã… ¸s CSN and other players were also trying hard to acquire Corus which meant that a quick acquisition was the only alternative. Tatas had and assessed the situation realized the need to act quickly and swiftly. It was clear that a small window for a big opportunity had opened up for Tata steel. This was a risky consolidation, considering that the future of Tata Steel is dependent mostly on Corus performance but it is well known that entrepreneurial decisions involve risk. We can understand that it may be one of the entrepreneurial decisions that Tata Steel had to make for the future success of the company. Aftermath of the deal Post merger integration is the biggest challenge in any acquisition. But before we look at the challenges, let us first look at the immediate synergies that TATA Steel aimed at before going for the deal and how it obtained them after the deal. Synergies Advantages After the acquisition, TATA-Corus combine became the 5th largest steel producer in the world with an output around a quarter that of the largest, Arcelor Mittal. Before the deal, TATA Steel was not ranked among the top 50 global steel producers in 2005/06, producing just 5.3mn tonnes. Corus, by contrast was the 9th largest producer with an output of 18.2mn tonnes. Economies of scale have a very significant impact on any steel firm. This deal came at a time when consolidation in the steel industry was a necessity with increase in demand from China A growing presence in Asia and the developed European economies would surely leverage the economies of scale from Europe and harness growth from Asia The two corporations made a formidable presence a presence in 42 countries, a combined capacity of 25mn tonnes and a collective sales turnover of Rs 1 lac cr (March 2008 estimates at the time of the deal) The deal came at a perfect time for TATA Steel after its successful acquisitions of Singapores NatSteel in 2004 and Thailands Millennium Steel in 2005. Acquisition of Corus, a steel giant in the Western markets, gave TATA access to the vast distribution network as well as the opportunity to become a global player. TATA is a low cost producer of steel and Corus is famous for its value additions and technology especially in manufacturing of steel used in high rise buildings. The acquisition paved the way for TATA to access the RD facilities of Corus as well as to introduce its low cost production techniques in the Western markets. This can be considered as one of the most important synergies in the entire deal. The deal helped the TATAs in getting 20mn tonnes of steel capacity at virtually half the price as such a capacity would have required nothing less than $20bn $25bn as per 2006/07 estimates. The synergie