Friday, January 24, 2020
Countee Cullen :: essays research papers
Countee Cullen Countee Cullen (Porter) was considered by many to be the most talented of the Harlem Renaissance poets. Cullen was a novelist and a playwright, but he was known by most as a poet. He was born on March 30, 1903 in New York. Cullen was adopted at some point between the time of his birth and 1918. By 1921, he changed his last name to Cullen, from his adopted mothers last name. He attended DeWitt Clinton High School between (1918- 1921). During this time he was editor of his schools newspaper and of the magazine Magpie, and during High School he wrote his first poetry that received notice. He also attended New York University for four years. Not much is known of the early years of his childhood up until 1918. Between the time of Cullenââ¬â¢s birth 1918 he was adopted by Rev. Frederick A.à à à à à and Carolyn Bell (Mitchell) Cullen of the Salem Methodist Episcopal Church in Harlem. It is unknown how old Cullen was when he got adopted. Rev. Cullen regained Countee Cullenââ¬â¢s faith back in himself by getting him to understand that any goal or dream that he had to fulfill it. Countee received much help both mentally and physically from his adopted father, it is said that if Countee would not have been adopted by the Reverend he would not have gone as far as he eventually did. Countee Cullen was considered one of the most talented of the Harlem Renaissance poets. A lot of his poetry was written during his high school and college years. During high school Cullen won his first contest, a citywide competition, with the poem ââ¬Å"I Have a Rendezvous with Life,â⬠a non-racial poem. Cullen was also the editor of his high school paper and a literary magazine Magpie. He furthered his wisdom and education at Countee Cullen :: essays research papers Countee Cullen Countee Cullen (Porter) was considered by many to be the most talented of the Harlem Renaissance poets. Cullen was a novelist and a playwright, but he was known by most as a poet. He was born on March 30, 1903 in New York. Cullen was adopted at some point between the time of his birth and 1918. By 1921, he changed his last name to Cullen, from his adopted mothers last name. He attended DeWitt Clinton High School between (1918- 1921). During this time he was editor of his schools newspaper and of the magazine Magpie, and during High School he wrote his first poetry that received notice. He also attended New York University for four years. Not much is known of the early years of his childhood up until 1918. Between the time of Cullenââ¬â¢s birth 1918 he was adopted by Rev. Frederick A.à à à à à and Carolyn Bell (Mitchell) Cullen of the Salem Methodist Episcopal Church in Harlem. It is unknown how old Cullen was when he got adopted. Rev. Cullen regained Countee Cullenââ¬â¢s faith back in himself by getting him to understand that any goal or dream that he had to fulfill it. Countee received much help both mentally and physically from his adopted father, it is said that if Countee would not have been adopted by the Reverend he would not have gone as far as he eventually did. Countee Cullen was considered one of the most talented of the Harlem Renaissance poets. A lot of his poetry was written during his high school and college years. During high school Cullen won his first contest, a citywide competition, with the poem ââ¬Å"I Have a Rendezvous with Life,â⬠a non-racial poem. Cullen was also the editor of his high school paper and a literary magazine Magpie. He furthered his wisdom and education at
Thursday, January 16, 2020
Whirlpool Europe
Whirlpool Europe Harvard Business School Case Study 9-202-017 The introduction of an Enterprise Resource System (ERP) [pic] ANSWER TO QUESTION 1: The Enterprise Resource Planning System is a cross-functional information system that represents an important development for Whirlpool and an important area of activity for the information management function. Instead of focusing on the information processing requirements of business functions, ERP software focuses on supporting the business processes involved in the operations of a business.The introduction of enterprise-wide computer networking makes it possible to control all major business processes within a single software design. ERP systems are commonly composed of four major parts, covering accounting, manufacturing, sales and human resources. This forces organizations to operate along business processes. Three activities that need to be carried out in order to try to match supply and demand, with which ERP system helps: 1. Forecas t demand 2. Plan the level of capacity that the operation is likely to need to meet the forecast demand, both in the long and the short term. . Control the use of that capacity. This involves the allocation of people, equipment and other resources to the various work tasks to ensure the smooth running of the operation in the short term. There is a number of benefits that Whirlpool foreseen to gain, from the introduction of an ERP system, in various tangible and intangible areas. Observable tangible benefits come from lowering costs for data communication and telecommunication. In addition, there are intangible benefits associated with improved flow of information throughout the organization.However, increased user satisfaction and response times compensate the system complexity and potential data inconsistencies. Being an integrated solution, ERP, grants benefits from increased efficiency, and improved quality, productivity and profitability. ERP software penetrates functional depar tments and can be extended along the supply chain to suppliers and customers. The ERP system, being an industrial software, helps a business manage the important functions of its business, including product planning, parts purchasing, maintaining inventories, interacting with suppliers, providing customer service and tracking order.Hence, a smoother and more transparent flow of all of these activities will mainly enhance monitoring of the supply chain. The following table reflects a smooth presentation of Whirlpoolââ¬â¢s foreseen benefits: |Benefits |Description of expectations upon implementation of the ERP system | |Working Capital Reduction |Make its supply chain more transparent and efficient. | | |As a result, eliminate 8 days sales of inventory (DSI) of allocated and reserved unites, 9 days of transit and 3 obsolete. | |Reduce 12 days of inventory in each wave. | |Revenue and Gross Margin |Increase product availability by: | |Increase |making the supply chain more visible a nd | | |integrating sales forecasting and inventory management. | | |Enable the company to realize an increase in unit sales equal to 25% of the improvement in product availability. | |The incremental sales would contribute to increasing the profitability of Whirlpool Europe. | | |A 0. 25% gross margin increase by the second year after implementation. | |Benefits |Description of expectations upon implementation of the ERP system | |Other Cost Savings |Simplify the processing and management of customer orders. | | |Reduce the 79 order desk employees by 18%, at an average cost of $40,000 per year per employee. | |Simplify the accounting function and result in a 15% reduction in the 60 finance employees. Expected cost saving was | | |$45,000 per year for each employee that was eliminated. | | |Reduce inventory, thus warehouse space could be reduced by 15%. | | |Reduce the number of returned units by eliminating shipping errors. | | |Reduce bad debt expense and information system expens es. |From Exhibits 3 and 4, we can also analyse the following: â⬠¢ The ââ¬Å"Westâ⬠wave enjoys the lowest DSI; as a result, it enjoys the highest rates of units sold, revenue and accordingly margin. Unfortunately the product availability percentage is low at this stage ââ¬ârelatively speaking- (only 73. 5%). Whirlpool targets 92% of product availability with the introduction of the ERP system. â⬠¢ The ââ¬Å"Centralâ⬠wave has the highest DSI, thus it is most likely to be the number one beneficiary from the DSI reduction resulting from the introduction of the ERP system. It is logical to notice that the ââ¬Å"Westâ⬠and ââ¬Å"Southâ⬠waves will notice benefit of 40% improvement by the second year of implementation; this is simply because they have already enjoyed the two lowest rates of DSI even prior to introduction of the ERP system. Similarly, the ââ¬Å"Centralâ⬠and ââ¬Å"Northâ⬠waves would notice the improvement of 40% immediatel y on implementation; again this is because they both had had the highest DSI prior to introduction of the ERP system. ANSWER TO QUESTION 2:Whirlpool has carefully considered the capital expenditures, depreciation time of capital equipment as well as implementation requirements and costs (employee training, creation, testing and documentation of new business process and installation of the ERP software). This logical calculation helps out the company to evaluate the results of introducing the ERP system and estimate its profit prior to making the decision, because such innovative decisions must be profitable; and if not, they should not be introduced.Whirlpool has done a long-term capacity planning, which is concerned with decisions that take a long time to implement, and with large amount of capital investment, such as installing the ERP system. Whirlpool has carried out operations scheduling by allocating people to processes in order to get the work done, with the following objecti ves: â⬠¢ The product or service is delivered on time â⬠¢ The operation performs smoothly, giving optimum efficiencies â⬠¢ The cash flow involved in the operation is balanced. The following table shows Whirlpoolââ¬â¢s Capital Expenditures: [pic]Figures above in US$000 Depreciation = 0. 2 million as of the third year, for 5 years The following table shows the Operational Costs: [pic] Figures above in US$000 Taking into consideration the forecasted other expense savings, the operational expenditures would be as shown in the Grand Total below: [pic] Figures above in US$000 From the figures above, we can conclude that Whirlpool would absorb resources and incur costs through balancing out the operational costs against the operational savings, as follows: IT Equipment & Software: Whirlpool will pay high costs for the equipment over the first four years of implementation. It will also buy software license for the first two years; this is for the servers and clients. On top of this comes the license maintenance which starts immediately on the second year of implementation and remains paid on an annual basis. This is extra cost that Whirlpool will have to cover and justify by long-term planning and reaching a point where all this extra cost is paid back. This is explained in the following points. Human Resources: Hiring consultants for the installation and boosting of the system. Number of consultants does not remain the same, but rather reduces over time. Consultants are expected to train staff, thus their cost will end once Whirlpoolââ¬â¢s own trained staff continue doing the job. Conclusion: consultantââ¬â¢s cost stops by the fourth year of implementation. â⬠¢ Using current employees, 50 of them, reduces the cost of hiring new ones. Building their capacity at an extra cost is more feasible than hiring and training fresh ones. Operations & Accounting: Ongoing operation and license maintenance costs would increase over time, but this is met by the reductions foreseen through: o Simplifying the processing and management of customer orders. o Reducing the 79 order desk employees by 18%, at an average cost of $40,000 per year per employee. o Simplifying the accounting function and result in a 15% reduction in the 60 finance employees. Expected cost saving was $45,000 per year for each employee that was eliminated. Reducing inventory, thus warehouse space could be reduced by 15%. o Reducing the number of returned units by eliminating shipping errors. o Reducing bad debt expense and information system expenses. From the above, it is obvious that the new operational costs are balanced with the operational savings; thus by the 2005 Whirlpool would cover the operational cost of implementing this system and start benefiting as of 2005 onwards. This is seen in the positive figure under the Grand Total (103). ANSWER TO QUESTION 3: The main highlights of the study are: 1.Capital expenditure: This includes all payment that will be mad e for the project which is in this case the price of the capital equipment and software licenses (see table below). [pic] Figures above in US$000 2. Revenue: which is the inflow of assets such as cash, amount owed to a business by debtors or reduction in abilities that arise as a result of trading operations. In this case revenue increase is expected because of implementing the application. Such increase in the revenue will be a result of integration, error reduction, inventory saving, etc. 3.Cost of goods sold: this is the cost of the goods bought then sold to customers, like transportation, storage, maintenance, etc. 4. Operating expenditures, as in the following table: [pic] Figures above in US$000 The table above shows two contrasting calculations during the implementation of the ERP system: A) A reduction of: ââ¬â order desk employees (0. 18 X 79 X $40,000) ââ¬â finance employees (0. 15 X 60 X $45,000) ââ¬â Warehouse space by 15% ââ¬â Eliminate shipping errors , reduce returns by (30 X 0. 03 X units sold) ââ¬â Reduce bad debt expenses ââ¬â Reduce information systemsB) An addition of: ââ¬â license maintenance fees to start on 2000 by $0. 1 million each year and increased by 0. 1 each next year, ââ¬â fifteen consultant in 1999, nine in 2000 and seven in 2001, four for following year (average monthly cost is $15,400 X 12 month X number of consultants), and ââ¬â three person task on 2000 till 2004 on $600,000 a year. 5. Depreciation expense: This is the portion of the cost of fixed assets that has been used up in generating revenues recognized during a particular period. The depreciation rate is 20% over five years (capital expenditure X 0. ). We have to be careful to stop depreciating capital expenditure after 5 years from the year capital expenditure was added, i. e. capital expenditure of 2000 is depreciated by 2005. 6. Taxable earnings: Which is the Sum of Revenue ââ¬â (Cost of goods sold + Operation Expenditure + D epreciation Expense). 7. Taxes: Each company has to pay their own tax on profit, the calculation of the tax would be based on the profit of the year (Taxable Earning X Profits Tax Rate). 8. Earnings after taxes: This is the profit minus taxes to be paid which means (Taxable Earning ââ¬â Taxes). . Add back depreciation: This is the same amount of depreciation but in positive value. 10. Cash flow from operations: This is equal to earnings after taxes + the add back depreciation. 11. Reduction in need for Inventory: This is the result of DSI reduction by 12 days, and as a result warehouse space reduction of 15%. 12. Cash flow: This is the total of the transactions (Capital expenditure + cash flow from operation + Reduction in need for inventory). This is the Profit amount which starts in 2001. 13.Discount Factor: This is the rate applied to future cash flows to derive the present value of those cash flows (1/(1+r)n) where r is discount ratio and n number of years. This factor keeps reducing over time. 14. Discounted cash flow: This is the value of cash flow in the coming years which equal to (Cash flow X discount factor) = Present value for that year. 15. Sum of discounted cash flow: This is the NPV (Net Present Value) which is the total discounted cash flow from 1999 till 2007. NPV is a method of investment appraisal based on present value of all relevant cash flow associated with the project.To decide whether the project is acceptable (profitable) we check the NPV (sum of discounted cash flow). In our case it is a positive figure with 23. 883, which means that the project is acceptable and profitable. Recommendation: I recommend Whirlpool corporation to proceed with the implementation of the proposed ERP system, because the NPV is positive (>0), which means that the project will add income to the company starting from the third year (2001) onwards, and as a total cash flow after taking consideration the risk, inflation and interest rates included in the discounted factor.Please double click on the table below to see how all the calculations above are incorporated. [pic] ANSWER TO QUESTION 4: Please double click on the table below to see how all the changes are incorporated. [pic] From the changes weââ¬â¢ve incorporated in the sheet above, we can conclude that: The higher we increased the discount rate the more we reduced the NPV: â⬠¢ When the discount rate was 9%, the NPV was 23. 883. â⬠¢ When the discount rate was raised to 15%, the NPV went down to 5. 824. The IRR is the discount rate which will give us an NPV of exactly zero.If the discount rate were zero, the NPV would be the sum of the net cash flows. No account would be taken of the time value of money. However, if we assume increasing discount rates, there is a corresponding decrease in the NPV of the project. When the NPV line crosses the horizontal axis there will be a zero NPV and the point where it crosses is the IRR. From several trials on the amended sheet, the following table and charts are resulted: |Discount Rate |NPV | |9% |23,883 | |15% |5,824 | 23% |1,560 | |25% |712 | |27% |(29) | From the table and chart above, as well as from excel calculations we notice that NPV equals zero when the IRR equals 26. 82. On the other hand, since the IRR here is 26. 82%, which is > cost of capital (15%), we conclude that the project is accepted. Recommendation: I would recommend Whirlpool to consider the low discount rate if it seeks good return on its investment; otherwise the high discount rate would cause failure of the project. Answer to Question 5: Business graduate skills outcome |Example of how work on this TMA has contributed to my |Self-assessment of current level of skill ââ¬â | | |skills development |high/medium/low; any actions to be taken | |Using examples and analysing case studies to enhance |Through referring back to the module as well as the |Medium, more analysis would result in higher | |understanding, support conclusion s and illustrate |accounting text book, I was able to understand a lot of|understanding. |issues concerning business functions in |accounting concepts, even prior to the lecture itself. | |organisational contexts | | | |Problem solving and decision making |When calculating the depreciation, a lot of trials took|High | | |place before finding the lost hook, which was the | | | |depreciation over 5 years is calculated from the first | | | |year expenditures are spent! | |Understanding the way in which numbers are used in |I had an idea on this before, but not with such |Medium, more accounting practices are | |the core business functions |details; this TMA has enhanced and broadened my |required | | |understanding. | | |Interpreting spreadsheets for managing numbers and |From this TMA I learned how the various calculations |Medium, it took me a while to come up with | |quantitative analysis |and formulas are made and how substantial accountants |the calculations in the spreadsheet and | | |are in the decision making process. |linking them together. | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â [pic]
Wednesday, January 8, 2020
Nestle Foots Essay - 1305 Words
Nestle is the worlds biggest food manufacturer, with well over 500 factories in 85 countries, and a portfolio that ranges from baby foods to pet care, from chocolate to mineral water. Its world-famous brands include Nescafe and Perrier, among many others. The group also owns a large shareholding in cosmetics company LOreal. As with other food companies, recent years have seen a greater concentration on a focused food and beverage business, its most successful line is its confectionery section. Nestle Rowntree is the UKs #3 confectionery company (after Cadbury, and now behind Mars). It has a sizeable portfolio of well-known brands, and just under 18% of the UK confectionery market. By far the biggest brand is Kit Kat, which isâ⬠¦show more contentâ⬠¦Proportions of KitKat volume sales are 67 percent for the UK, 10.6 for Germany and 5.6 for France, and over the last decade overseas markets have grown by more than 50 percent. Each product group has objectives. The company has a system that each brand has its own brand plan. One of the strategic objectives is to increase sales across the European markets. Also meeting customers expectation, and service with improving performance. And continuous innovation with existing brands.The companys long-term aim is to become the clear leader in the UK confectionery industry, and to generate real growth in the profitability and productivity of its confectionery business. The companys strategy is to pursue the companys objectives rather than to defend its position against competitors. For example, some brands are `below threshold level there objective is to improve performance to threshold level. Basic principles drive the companys brand strategy, it believes in offering the consumer value for money. It also believes in developing long-term brands and also aims to differentiate its products from one another within the brand portfolio, which the company thinks will offer a competitive advantage over those of its competitors. Part of the companys brand policy is also to dedicate large sums of money to advertising and promotions. This helps to build customer loyalty and block the entrance of new competitors. On average, 10Show MoreRelatedNestle, A Swiss Multinational Corporation, Markets Bottled Water1360 Words à |à 6 PagesNestlà ©, a Swiss multinational corporation, markets bottled water under various brand names. It runs 29 bottling plants across the United States and had revenue of $4.1 billion in 2014. (CHANGE STAT TO 2015 and CITE ââ¬â waiting to hear back from library with current stats.) Since 2008, Nestlà © has been trying to obtain the right to bottle and sel l water from Oxbow Spring, located in Cascade Locks, Oregon. Nestlà ©Ã¢â¬â¢s plans are to build a $50 million, 250,000 square foot bottling facility in Cascade LocksRead MoreThe Stock Market : A Competitive Advantage For Corporate Crimes Or General Lack Of Human Appreciation1135 Words à |à 5 PagesNestlà © S.A is a globalized packaged-goods producer formed in 1866, during a time when international trade began to flourish. With a portfolio of more than 200 brands such as Gerber, Nesquik, Nestea, Poland Spring, Purina and Stouffers, Nestlà © has been in business for 150 years and operates in 189 countries (Bollinger, 2017). Today Nestlà ©s products include milk, chocolate, confectionery, bottled water, coffee, creamer, food seasoning and pet food (bloomberg, 2017). Today Nestlà © is one of the mostRead MoreCommunication Is Essential for Every Organization Essay1374 Words à |à 6 Pagesvarious functions of the company forced it to provide very different forms of communica tion. In this study we will look at how two different type of organization; Distribution organization such Norbert Dessentrangles and an industrial organization such Nestle use their internal and external communication system. We will identify the media used in the communication system and the barriers of effective communication that are experienced. Furthermore we will describe the influences of technology on informationRead MoreSustainable Agriculture Is Important Industry All Over The Globe Essay782 Words à |à 4 Pagesnutrient depletion, to deforestation and harmful or unregulated produce, which is why sustainable agriculture is so important. It makes senses for us as customers to understand the effects our food industry has, because whether or not youââ¬â¢ve stepped foot in a field, your money is the driving impact on which farms and their techniques will continue or cease. Sustainable agriculture is the process of increasing yields without depleting resources or harming the environment. As the world population quicklyRead MoreDeceptive Health Marketing on Food Products Essay1631 Words à |à 7 Pagesexorbitant $40,000 for the testing of their product alone, with the annual fee for ââ¬Å"public relationsâ⬠coming up to $1 million. The fees were eventually lowered when companies protested, and the final fees were $10,000 and up to $600,000 respectively (Nestle). Corporations accepted these fees as a reasonable price, and products with the heart healthy logo (including sugary cereals, margarine and olive oil) arrived on shelves shortly after. The FDA was not pleased with the program, even if theRead MoreEssay about We Must Stop the Obesity Epidemic in America981 Words à |à 4 Pagesthat has stood tall in this forward progress is the food trade. It is not at all difficult to understand this businesses growth; as it is tied to the fundamental foundation of America itself ââ¬â expansion. Since the first account of Europeans setting foot and exploring US soil, they uncovered a richness of natural resources needed to sustain a health and vibrant life. A particular era pointing to such vigorous growth is the 1950s when government lawmakers commissioned roads and bridges to be constructedRead MoreA Report On California Drought1018 Words à |à 5 PagesCaliforniaââ¬â¢s future is a result of excessive water usage and rapidly diminishing water supplies. Speaker Credibility Three Main Points C. According to Hannah Grey from ââ¬Å"Illumin.usc.eduâ⬠in 2015 the average Californian household uses about one acre-foot, or 325,851 gallons, of water per yearâ⬠. While most of this water helps produce crops, corporation productions, the rest goes to over forty million thirsty residents. Picture forty million people each using at least 100,000 gallons of water a yearRead MoreGlobalization Of The International Labour Organization1763 Words à |à 8 Pagesuncertain; this essay will seek to answer that question by analyzing the some social aspects that impact and/or are impacted by globalization; likewise, this paper will address how the integration of globalization in business organizations such as Nestlà © influence society. Social Impacts of Globalization In order to adequately understand the social impacts of globalization, it is first necessary to review the social dimensions of Globalization. The International Labour Organization (2003), definedRead MoreNestle Waters And Its Environmental Performance As A Corporate Priority Essay2251 Words à |à 10 PagesNestle Waters Andrew Grierson, Hope Espey, Brett Environmental EMS and Audits ââ¬â ENVR2014 Rhonda Bell-Allen Tuesday, November 29, 2016 Mission Statement At Nestlà © Waters, they are continuously optimizing their environmental performance as a corporate priority. Nestlà © Waters Canada is committed to responsible water management and to working collaboratively with the communities where they conduct business. Nestles spring sources are developed and managed for long term sustainability (Jennifer.K (2002)Read MoreBattling Over Bottled Water Case Essay1821 Words à |à 8 Pagesadventures for many. However; Nestle, a corporation known to many, has been battling a case with Michigan Citizens for Water Conservation (MCWC) as it started pumping water from once the counties water springs. The purpose of this case study is to focus on how MCWC is fighting to stop Nestle from pumping public water through the perspective of justice, libertarian and utilitarian approach. The issue presented in the ââ¬Å"Battling over Bottled Waterâ⬠case emerged when the Nestle bottling company opened
Tuesday, December 31, 2019
Capital Punishment Should Not Be Legal - 950 Words
Capital Punishment is still used in the United States, and there has been 152 people that has been released from death row since 1973. There has been many more people that were not released but executed and possibly innocent. Kantian ethics is the theory that says the moral actions are not determined by the consequences but by the right nature of the action. Capital punishment may be questionable with some cases of innocents, with that being said the use of capital punishment should only be used with cases to be absolute guilt. Capital punishment is also known as the death penalty, where someone is executed for the actions of their crime. Some people believe it is ethically wrong, while others try to justify the use of it. Some argueâ⬠¦show more contentâ⬠¦The legacy of racial apartheid, racial bias, and ethnic discrimination is unavoidably evident in the administration of capital punishment in America. Death sentences are imposed in a criminal justice system that treats you better if you are rich and guilty than if you are poor and innocent. This is an immoral condition that makes rejecting the death penalty on moral grounds not only defensible but necessary for those who refuse to accept unequal or unjust administration of punishmentâ⬠(Stevenson). There are many current issues that have to deal with capital punishment, like the execution method, innocence, mental illness, prosecutorial misconduct, and racial disparities. When it comes to the method of execution ACLU says ââ¬Å"Several recent executions have proven that lethal injection can often be painful and prone to mishaps that lead to torture. In recent years, as pharmaceutical manufacturers have withdrawn permission to use their drugs in executions, states have frequently failed to find safe alternatives and been forced to shroud their executions under cloaks of secrecy. The result has been a lack of accountability for state governments in relation to botched
Monday, December 23, 2019
Evaluation of Rapex as Protection Against Rape Essay
Evaluation of Rapex as Protection Against Rape Rapex is a weapon for woman against rape. It is a diaphragm with teeth which bites when something touches it that is not supposed to, such as a penis. This is both painful and will make the rape stop immediately. It also has to be removed surgically thus it is much easier to identify the rapist. In this essay I will explain and discuss the facts and uses for Rapex, the medical concerns for Rapex and the ethical and safety issues. In South Africa there are 119 people per 100,000 that are raped every year. This is probably 9 times as much because the number that was previously mentioned is only the reported rapes. You could also say that there isâ⬠¦show more contentâ⬠¦You should wear it when you know you are in danger of being raped such as walking a long distance or when you are somewhere were there are a minimal amount of people and a rapist can easily be attacked. You should also not wear it when you have you are menstruating. The reason that the men rape women in South Africa is that the men feel superior to them and women donââ¬â¢t really count in society. They are suppressed by men and donââ¬â¢t have the sufficient means to protect themselves. The reason for men raping children is that there is a smaller chance of sexually transmitted diseases. The man suffers from pain but no permanent injuries are inflicted. The woman may however suffer from violence from the man as a result to the pain the man is having. This could even result in death. Rapex is not as helpful by preventing rape because the man still has to penetrate for the Rapex to have an effect. This still causes the woman to be raped but she stops it immediately and she doesnââ¬â¢t get pregnant or get a sexually transmitted disease. She does however get a chance to get the man back. In my opinion it is more a weapon for revenge than for self protection. The defense mechanism, Rapex, should be this hard. At least for the time being to scare men and do reduce the amount of rapes taking place. Also, the men that do rape will
Sunday, December 15, 2019
Rbs Abn Merger Free Essays
The Acquisition of ABM AMNRO by RBS Introduction Mergers Acquisition have become very popular throughout the world in the recent times. This has become popular due to globalization, liberalization, technological developments intensely competitive business environment. Mergers and acquisition are a big part of corporate finance world. We will write a custom essay sample on Rbs Abn Merger or any similar topic only for you Order Now This process is extensively used for restructuring the business organization. In India, the concept of mergers and acquisition was initiated by the government bodies. The Indian economic reform since 1991 has opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted the Indian companies to go for mergers and acquisitions as an important strategic choice. The trends of mergers and acquisitions in India have changed over the years. The immediate effects of the mergers and acquisitions have also been diverse across the various sectors of the Indian economy. Acquisition Acquisition in general sense is acquiring the ownership in the property. In the context of business combinations, an acquisition is the purchase by one company of a controlling interest in the share capital of another existing company. An acquisition may be affected by (a) agreement with the persons holding majority interest in the company management like members of the board or major shareholders commanding majority of voting power; (b) purchase of shares in open market; (c) to make takeover offer to the general body of shareholders; (d) purchase of new shares by private treaty; (e) acquisition of share capital or one company may be either all or any one of the following form of considerations viz. eans of cash, issuance of loan capital, or insurance of share capital. History On October 10,2007 Royal Bank of Scotland led consortium with RBs, Fortis of Belgium and banco Santander central Hispano SA of Spain created history by acquiring Dutch banking gaintABN AMBRO for US$ 100 billion. The consortium paid US$ 51. 55 per share of ABM AMBRO, about 13% more a s compared to the rival Barclays offer. This was one of the largest acquisition in the history of global banking industry . The consortium agreed to pay 93% of amount through cash and remaining 7% through RBS shares. Due to the 2008 financial crisis, the Dutch government nationalised the divisions owned by Fortis, while the UK government is now in effective control over the divisions allocated to RBS due to its financial bail-out of the Scottish bank. The process of integrating some of ABN AMROââ¬â¢s divisions into the new owners, and divesting others, continues. Since 6 February 2010 the bank has been split into one organisation owned by the Dutch government called ABN AMRO Bank N. V. and another owned by The Royal Bank of Scotland Group renamed The Royal Bank of Scotland N. V. On this date the Dutch owned businesses legally demerged from those owned by RBS. The Dutch government own the ABN AMRO brand for use with the parts of the bank they purchased while other companies within the Group will be renamed or closed down. Objective To study the acquisition of ABN AMBRO by RBS form various perspectives. We will try to answer the following questions:- What would a SWOT analysis reveal? What were the various synergies? Was the acquisition strategy sound? Events after acquisition? Various parameters of the deal. Effect of recession on the deal. Major challenges faced by the firm. On 19 January, 2009 RBS issued a statement in which it admitted that acquiring ABN AMBRO was a mistake. It also issued in the statement that ? 10 billion that it had spent on ABN ABMRO was worth nothing by then. Also RBS incurred a loss of ? 24. 1 billion on a total income of ? 26. 9 billion. So in this report we will try to study and analyse the after-effects of acquisition. Various other similar factors are attempted to be studies. Data Research Methodology Data will be mainly sourced from secondary sources. However the management of certain firms under view will be interviewed through structured questionnaires. The data will be analysed using financial tools to access the effectiveness of the deal. An attempt will be made to evaluate the efficiency of the merged firm with the help of selected financial ratios. Analysis and expected results Through the medium of this report an attempt will be made to analyse the financial benefits of the acquisition. In addition to strategic benefits, the acquisition would deliver significant financial benefits to the shareholders. Through major cost savings and improved profitability of business lines, substantial earnings improvements for shareholders will be realised. The expectations from the deal were to strengthen all three consortium banks in their respective markets and open up new segment to accelerate their growth. The analysis includes:- Impact of mergers acquisition on employees and working conditions Looking at the financing of the acquisition and studying the possible financing options. Major challenges of the merger and the opportunities. RBSââ¬â¢s current expansion plans Sensitivity analysis Synergy analysis Accounting and financing structure Risk assessment and cost of capital Leveraged buy-out Estimating merger gains and cost Of course, it is easy to criticize another firmââ¬â¢s management but not so easy to improve it. Some of the self-appointed scourges of poor management turn out to be less competent than those they replace. Here is how Warren Buffet, the chairman of Berkshire Hathaway summarizes the matter Many managers were apparently over-exposed in impressionable childhood years to the story in which the imprisoned, handsome prince is released from the toadââ¬â¢s body by a kiss from the beautiful princess. Consequently, they are certain that the managerial kiss will do wonders for the profitability of the target company. Such optimism is essential. How to cite Rbs Abn Merger, Papers
Saturday, December 7, 2019
First Words free essay sample
Since Ive always been known as ââ¬Å"that shy kidâ⬠and ââ¬Å"the girl who never talksâ⬠, Im not sure what was going through my mind when I decided that I wanted to speak a different language fluently. Maybe this life-changing epiphany struck me as I was staring blankly at some thought-provoking questionââ¬âwhat are you passionate about? Or maybe I was admiring the cadence of a womans voice on the Spanish news one day as I flipped channels on the television. But somehow, I decided that this is what I want to do. A friend of mine, who is from Colombia, found this hilarious. He said, ââ¬Å"Its good that youre learning Spanishbut you dont even speak English!â⬠I guess thats true. Its hard for me to talk to new people. Sometimes I am self-conscious and am worried I may sound stupid or that someone might make fun of how I pronounce certain words. We will write a custom essay sample on First Words or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page But now that Im starting to speak Spanish, the only thing I can do is accept that I definitely sound stupid and people definitely will make fun of how I pronounce certain words. The other day, I tried to be funny in class (a word of adviceââ¬âdont try being funny in Spanish class) by saying ââ¬Å"the bunny is terrorizingâ⬠. My teacher stared at me, puzzled, and thats when it dawned on me that I had just said, ââ¬Å"the bunny is landingâ⬠. And that story does not even compare to the one when I incorrectly conjugated a verb in freshman year and accidentally swore. When youre learning a language, there is no way to avoid mistakes. I suppose you can study for a Spanish test using all of the test-taking strategies your high school teachers have been training you to use and get a perfect score. But in the real world, when youre dumped in a room full of native Spanish-speakers, you dont know anything. You are yet again a baby learning her first words. Thankfully, most native-speakers are patient and excited that I am willing to learn their language, even if they do laugh at me. At times, I doââ¬âand willââ¬âfail. That is scary. Its also scary that I know that the only way to learn how to speak another language fluently is to immerse myself in it, to roll around in the accent and the culture and essentially, jump into the unknown. I am yet again a baby learning my first words. I am just ââ¬Å"that shy kidâ⬠and ââ¬Å"the girl who never talksâ⬠, but somehow I will learn how to swim in these new waters of a different language. Learning Spanish (and since I have discovered my passion for language, also learning Italian) is opening an entire world for meââ¬âliterally. George R. R. Martin once said that ââ¬Å"a reader lives a thousand lives before he diesthe man who never reads lives only one.â⬠Maybe, in that same way, a person that learns another language can live in two worlds at the same time, while a person that only knows one language can only live in one. There are about 500 million Spanish speakers in the world. Learning Spanish means that there are about 500 million more people that I can talk to, whose stories I can hear, and whose perspectives I can see. So as I walk down the streets of the neighborhood nicknamed ââ¬Å"Little Limaâ⬠, or order ââ¬Å"un plato de comida tipicaâ⬠at the Mexican restaurant, I jump into my new skin. I roll all my Rs no matter how ridiculous I might seem. I try to understand the families speaking to each other in their native tongue. I am not so quick to change the channel from Univision to News 12 anymore. No matter how ironic it is that I am learning Spanish when I dont even speak English with confidenceI cant worry about being quiet anymore. I have to speak. That is the only way I am going to learnby jumping into the unknown.
Subscribe to:
Posts (Atom)