Today’S Lesson Will Be.... . The Class Takes Their Seats,

Today’s Lesson will be... The class takes their seats, shuffling slightly as they turn to the board, pulling paper from their bags and poising pencils. Their teacher greets them with a brittle smile, silently takes account who is present and turns his back to the class to write. The girl with perky pigtails and a scattering of freckles takes the liberty of writing down what she knows from the book of Genesis, internally smiling because she has already been taught this lesson. God created the universe in six days, taking the seventh day to rest after he created Adam and Eve. While she writes her swinging feet nudge the dark haired boy next to her who also knows all about today’s science lesson, after all his dad is a physics†¦show more content†¦Badertsher and Ginsburg urge that there must be an alternative taught alongside the evolutionary theory, and that alternative should be the theory of creationism. The pair plunge right into explaining creationism to the reader, not wasting time on much else. Rich and Donnelly opt to ease into the theory of evolution, rather than sparking up their discussion with a direct explanation they choose to explain what a theory is by definition. They state that it is essential to understand that a theory must be tested, and adequately explain what is known and unknown. This trend is carried consistently through the two argument, and as an unbiased reader I thought that Badertsher and Ginsburg would have had a more influential view, but that did not seem to be the case. In my opinion Badertsher/Ginsburg leave a lot open to question: they do not elaborate on what Intelligent Design is, they do not seem to really address to science behind the Creationism Theory (which there is an array of things). 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All of this to say that today was a treated more as a catch up day. Students spent most of the morning catching up on their handwritingRead MoreDrugs, Alcohol, And Addiction Unit1486 Words   |  6 PagesDrug, Alcohol, and Addiction Unit Lesson One: Introduction to Alcohol Learning Objective: By the end of the lesson the students should have a good grasp on the fact that when you put alcohol in your body you can’t do things you normally would be able to do. Activity: Dollar Bill Jump Concept: When you are under the influence of some drugs, you have the belief that you can accomplish certain tasks when in reality you can’t. This activity sounds so easy that everyone thinks they could do it. HoweverRead MoreTeaching Writing : Balancing Process And Product Essay1380 Words   |  6 Pages By demonstrating what the strategy is on the board, speaking what is happening and what is going on during the teachers thought process the teacher can better reach the students. 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Nelson Mandela s Rights Of Human Rights - 2009 Words

Nelson Mandela once said, â€Å"To deny people their human rights is to challenge their very humanity.† Human rights are the rights that are given to every individual without discrimination or exception. Simply because a person is in existence on this earth, they deserve certain rights without question. Some of these rights include freedom to believe what you want to believe, freedom to express yourself in whatever way you choose, and freedom to move freely in and around your world. Unfortunately, although most everyone agrees that these rights should be given to all individuals, all throughout history there have been occurrences where these rights have not been granted or have been stripped away from groups of people, each of these occurrences being an instance of inhumanity and cruelty. One period of history that was a devastating instance of this inhumanity is, of course, the Holocaust. People were stripped of their identities and made slaves, if not killed, for simply being who they were. At the root of it all was the idea that the victims were not human. The Nazis stripped them of their humanity in every way possible and then stripped them of their lives. While there is not a Holocaust taking place today, there are many issues in today’s world that mirror similar ideas of inhumanity. Jews in the Holocaust were seen as less than human and were deprived their right to life. There are others today experiencing the same. One current human rights issue that isShow MoreRelatedNelson Mandela s Influence On Human Rights945 Words   |  4 PagesNelson Mandela is a world renowned activist that was imprisoned for twenty seven years in a South African prison, because of a system of racism known as â€Å"apartheid† which discriminated against blacks living in South Africa at the time. 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Banking Industry Analysis Essay Example For Students

Banking Industry Analysis Essay Graham MavarMgmt. 415 Sec 6Industry Analysis: BankingThe banking industry has come under increasing pessimism of late because of rising short and long-term interest rates. The banking industrys market capitalization made a substantial decline. Most investors are concerned with whether the industry can sustain continued profitability as a result of these factors. Banks have responded in recent years to these problems by diversifying away from interest sensitive products and services. But interest rates are the fundamental aspect of any financial services. Therefore, I believe the financial services industry will be deeply affected by rising interest rates. Banks have experienced good business factors over the past two years. Interest rates were low, credit quality was good, and inflation was low. These factors are usually predictive of the types of earnings banks should report. But good times cant continue because interest rate hikes cause reduced lending activity, damaged credit quality, and reduced values of bond portfolios. Porters Five Forces Analysis:1. Rivalry among competing sellers:The banking industry is continuing to restructure and position itself for our changing economy as a result, many mega-mergers have occurred in recent years. Citicorp and Travelers Insurance agreed to merge in April 1998 at a value of $70 billion. Bank of America and Nations Bank also agreed to merge shortly afterwards which became the largest bank in the United States. Bank mergers are usually consummated as a cost-cutting measure but also to compete with non-bank providers of financial services. Bank rivalries are very strong, and as weve seen many of the largest banks are merging to increase their power. In fact, Charlotte, NC is practically owned by Bank of America and First Union. 2. Potential entry of new competitors:There is virtually no chance of a new entrant significantly affecting the major banks market share. The only place that new entrants may have a chance in the industry is through Internet banking, because of its low cost. 3. Firms offering substitute products:This is not really an issue within the banking industry, because there arent really any legal alternatives, except buying a safe and borrowing from a loan shark4. Competitive pressures stemming from supplier and buyer bargaining power:I grouped these two categories together because in the banking industry the buyers are the suppliers and vice versa, so I might as well just discuss the situation as a whole. Interest rates are the single most important aspect of bank profitability they are the bargaining power. Most bank profits are derived from net interest income. This is interest income received on loans minus interest expense for borrowed funds. Interest rates determine the amount of money a bank can earn. Another measure is a banks net interest margin which is a banks net interest income divided by its average earning assets. This is a common measure of a banks ability to squeeze profits from its loans. When interest rates fall, they have a positive effect on a bank. First, net interest margin can expand. Second, the value of a banks fixed rate of investment portfolio is enhanced by declining rates, since a bond with a higher stated interest rate becomes more valuable as prevailing rates drop. Third, falling rates lower the cost of credit, which stimulates loan demand and reduces delinquency rates. Opportunities: 1. Because of the increasing amount of technology Internet banking will begin to replace traditional banking, thus cutting personnel costs. 2. Incorporating investment banking into the banking industry, as some major companies are doing, lets the bank increase profits and promote economic growth while improving company image. Threats:1. An increase in interest rates causing a decline in bank activity. .u3a4993e942b5592c173247ec8b65a3e3 , .u3a4993e942b5592c173247ec8b65a3e3 .postImageUrl , .u3a4993e942b5592c173247ec8b65a3e3 .centered-text-area { min-height: 80px; position: relative; } .u3a4993e942b5592c173247ec8b65a3e3 , .u3a4993e942b5592c173247ec8b65a3e3:hover , .u3a4993e942b5592c173247ec8b65a3e3:visited , .u3a4993e942b5592c173247ec8b65a3e3:active { border:0!important; } .u3a4993e942b5592c173247ec8b65a3e3 .clearfix:after { content: ""; display: table; clear: both; } .u3a4993e942b5592c173247ec8b65a3e3 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u3a4993e942b5592c173247ec8b65a3e3:active , .u3a4993e942b5592c173247ec8b65a3e3:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u3a4993e942b5592c173247ec8b65a3e3 .centered-text-area { width: 100%; position: relative ; } .u3a4993e942b5592c173247ec8b65a3e3 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u3a4993e942b5592c173247ec8b65a3e3 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u3a4993e942b5592c173247ec8b65a3e3 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u3a4993e942b5592c173247ec8b65a3e3:hover .ctaButton { background-color: #34495E!important; } .u3a4993e942b5592c173247ec8b65a3e3 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u3a4993e942b5592c173247ec8b65a3e3 .u3a4993e942b5592c173247ec8b65a3e3-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u3a4993e942b5592c173247ec8b65a3e3:after { content: ""; display: block; clear: both; } READ: Georg Cantor Essay2. A collapse of the Fed leading to bank failures, a repeat of the crash of 1929. 3. A decline in the US economy leading to a fall in the value of the dollar, thus causing an instable economy. From there the US banking system would be less secure in terms of dollar values that many people would move their money overseas into a more stable economic situation. Similar to the situation in many South American countries. (a little far-fetched, but possible)Key Success Factors:? Capability to use the internet for banking, investing, and general e-commerce? Size of company, name recognition, innovative local marketing? Best rates (loans, checking, savings, etc.) ? The capability to have the fastest and simplest banking through design, innovation, and locationBusiness Reports

There Is No Doubt That The Death Of Francisco Franco, Dictator Of Spai

There is no doubt that the death of Francisco Franco, Dictator of Spain for thirty-nine years, was a great watershed in Spanish history. From 1939 to 1975 Francos regime controlled religion, the media, education, the working and even the private lives of Spanish citizens. His death undoubtedly paved the way for the commencement of a transition to democracy. But in order to fully analyse this transition, and the extent to which it was one of compromise, we must examine both the years following his death and the gradual evolution of Spanish society in the years preceding 1975. V?ctor M. P?rez-D?az argues that the gradual emergence of liberal democratic traditions of institutions and values in civil society preceded, and prepared the way for, the political transition of the 1970s (The Return of Civil Society, p.3). The main cause of this shift towards liberal democratic traditions originated from a decision of the regime itself. After years of being an insular society which attempted to achieve self-sufficiency, Franco, under immense pressure from the Opus Dei, opened up the Spanish borders to the international markets. He did not foresee the far-reaching consequences this move would have. Foreign capital poured into the country creating the economic miracle of the 1960s. This allowed Spain to develop industry and services and to rush through a pattern set by many countries before it. Agricultural labourers became industrial workers. The workforce as a whole became more urbanised and they enjoyed a higher standard of living. Education in both rural and urba n areas improved and agriculture was modernised. While many Spaniards immigrated to other European countries, Spain experienced a massive influx of tourists. Foreign culture and democratic ideas began influencing the people of Spain and they gradually began to adopt the liberal thinking of their European counterparts. All of this took place within the framework of a military dictatorship. That the totalitarian regime allowed this change to occur was the first compromise of the transition. It was the beginning of the decline in Francos power over society. In his final years Franco began to prepare for the inevitability of his death. He wished to ensure the survival of Fascism and named Luis Carrero Blanco as Prime Minister and the man who would guarantee continuismo. The assassination of Carrero by ETA terrorists in 1973 was undoubtedly a key factor in the emergence of Spain as a democracy. However Franco remained confident that his regime would endure. This was in part due to Juan Carlos who had taken over from Franco when he became too ill to rule the country. Franco had supervised the education of Juan Carlos as a young prince and Juan Carlos has pledged in a television ceremony to support Francos political principals. Franco could be forgiven for believing that everything was safely tied down (atado y bien atado). However, following Francos death there was widespread uncertainty as to the direction which Spanish politics would now take. The Francoist institutions remained, but it was unclear how long they would last. The government, under the control of Carlos Arias Navarro, failed in its attempts to introduce reform and Navarro resigned shortly afterwards. Adolfo Su?rez Gonz?lez then took over the reigns. Su?rez was only forty-three at the time and had worked in different capacities for the regime all his life. He seemed to stand for everything that went against the spirit of the time. A newspaper article published at the time of his nomination summed up the reaction of the public; ?Qu? error! ?Qu? inmenso error! (Los Nuevos Espa?oles, p.50) But Su?rez emerged as a politician of incredible skill and realism. He knew that if a transition were to take place, it had to be within the boundaries of Francoist legality. This is the essential compromise of the Spanish transition. Instead of attempting to make a clean break from the existing regime, Su?rez began a painstaking process of reform within the Constitution of 1936. This move was an attempt to ensure that the army would not get involved as, after many years of being seen as the guardians of the Francoist regime and its Leyes Fundamentales (Constitution), it was feared they would step in if these were threatened. In his efforts at reform, Su?rez proposed the

Free Essays on Big Bang Theory

It is always a mystery about how the universe began, whether if and when it will end. Astronomers construct hypotheses called cosmological models that try to find the answer. There are two types of models: Big Bang and Steady State. However, through many observational evidences, the Big Bang theory can best explain the creation of the universe. The Big Bang model postulates that about 15 to 20 billion years ago, the universe violently exploded into being, in an event called the Big Bang. Before the Big Bang, all of the matter and radiation of our present universe were packed together in the primeval fireballan extremely hot dense state from which the universe rapidly expanded.1 The Big Bang was the start of time and space. The matter and radiation of that early stage rapidly expanded and cooled. Several million years later, it condensed into galaxies. The universe has continued to expand, and the galaxies have continued moving away from each other ever since. Today the universe is st ill expanding, as astronomers have observed. The Steady State model says that the universe does not evolve or change in time. There was no beginning in the past, nor will there be change in the future. This model assumes the perfect cosmological principle. This principle says that the universe is the same everywhere on the large scale, at all times. 2 It maintains the same average density of matter forever. There are observational evidences found that can prove the Big Bang model is more reasonable than the Steady State model. First, the redshifts of distant galaxies. Redshift is a Doppler effect which states that if a galaxy is moving away, the spectral line of that galaxy observed will have a shift to the red end. The faster the galaxy moves, the more shift it has. If the galaxy is moving closer, the spectral line will show a blue shift. If the galaxy is not moving, there is no shift at all. However, as astronomers observed, the more distance a galaxy is... Free Essays on Big Bang Theory Free Essays on Big Bang Theory It is always a mystery about how the universe began, whether if and when it will end. Astronomers construct hypotheses called cosmological models that try to find the answer. There are two types of models: Big Bang and Steady State. However, through many observational evidences, the Big Bang theory can best explain the creation of the universe. The Big Bang model postulates that about 15 to 20 billion years ago, the universe violently exploded into being, in an event called the Big Bang. Before the Big Bang, all of the matter and radiation of our present universe were packed together in the primeval fireballan extremely hot dense state from which the universe rapidly expanded.1 The Big Bang was the start of time and space. The matter and radiation of that early stage rapidly expanded and cooled. Several million years later, it condensed into galaxies. The universe has continued to expand, and the galaxies have continued moving away from each other ever since. Today the universe is st ill expanding, as astronomers have observed. The Steady State model says that the universe does not evolve or change in time. There was no beginning in the past, nor will there be change in the future. This model assumes the perfect cosmological principle. This principle says that the universe is the same everywhere on the large scale, at all times. 2 It maintains the same average density of matter forever. There are observational evidences found that can prove the Big Bang model is more reasonable than the Steady State model. First, the redshifts of distant galaxies. Redshift is a Doppler effect which states that if a galaxy is moving away, the spectral line of that galaxy observed will have a shift to the red end. The faster the galaxy moves, the more shift it has. If the galaxy is moving closer, the spectral line will show a blue shift. If the galaxy is not moving, there is no shift at all. However, as astronomers observed, the more distance a galaxy is...

Biography of Adam Smith, Founding Father of Economics

Biography of Adam Smith, Founding Father of Economics Adam Smith (June 16, 1723–July 17, 1790) was a Scottish philosopher who today is considered to be the father of economics. His seminal work, The Wealth of Nations, published in 1776, influenced generations of politicians, leaders, and thinkers, including Alexander Hamilton, who looked to Smiths theories when, as secretary of the treasury, he fashioned the economic system of the United States. Fast Facts: Adam Smith Known For: Father of economicsBorn: June 16, 1723 in Fife, ScotlandParents: Adam Smith, Margaret DouglasDied: July 17, 1790 in Edinburgh, ScotlandEducation: University of Glasgow, Balliol College, OxfordPublished Works: The Theory of Moral Sentiments (1759), The Wealth of Nations (1776)Notable Quote: Every individual†¦ neither intends to promote the public interest, nor knows how much he is promoting it†¦he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Early Years and Education Smith was born in 1723 in Kirkcaldy, Scotland, where his widowed mother raised him. At age 14, as was the usual practice, he entered the University of Glasgow on a scholarship. He later attended Balliol College at Oxford, graduating with extensive knowledge of European literature. He returned home and delivered a series of well-received lectures at Glasgow University, which appointed him first as the chair of logic in 1751 and then chair of moral philosophy in 1752. Founding Father of Economics Smith is often described as the founding father of economics. A great deal of what is now considered standard belief about the theory about markets was developed by Smith. He explained his theories in Theory of Moral Sentiments, published in 1759. In 1776, he published his masterpiece, An Inquiry into the Nature and Causes of the Wealth of Nations, which today is generally called The Wealth of Nations. In Theory of Moral Sentiments, Smith developed the foundation for a general system of morals. It is a very important text in the history of moral and political thought. It provides the ethical, philosophical, psychological, and methodological underpinnings to Smiths later works. ​ In this work, Smith stated that man was self-interested and self-commanded. Individual freedom, according to Smith, is rooted in self-reliance, the ability of an individual to pursue his self-interest while commanding himself based on the principles of natural law. The Wealth of Nations The Wealth of Nations is actually a five-book series and considered to be the first modern work in the field of economics. Using very detailed examples, Smith attempted to reveal the nature and cause of a nations prosperity. Through his examination, he developed a critique of the economic system. Most commonly known are Smiths critique of mercantilism and his concept of the invisible  hand, which guides economic activity. In explaining this theory, Smith stated that wealthy individuals are: ...led by an  invisible hand  to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society. What led Smith to this remarkable conclusion was his recognition that wealthy people dont live in a vacuum: they need to pay (and thus feed) the individuals who grow their food, manufacture their household items, and toil as their servants. Simply put, they cant keep all the money for themselves. Smiths arguments are still used and cited today in debates. Not everyone agrees with Smiths ideas. Many see Smith as an advocate of ruthless individualism. Regardless of how Smiths ideas are viewed, The Wealth of Nations is considered to be, and is arguably, the most important book on the subject ever published. Without a doubt, it is the most seminal text in the field of free-market capitalism. Later Years and Death After living in both France and London for a time, Smith returned to Scotland in 1778 when he was appointed the commissioner of customs for Edinburgh. Smith died on July 17, 1790, in Edinburgh and was buried in the Canongate churchyard. Legacy Smiths work had a profound effect on the American  founding fathers  and the nations economic system. Instead of founding the United States on the idea of mercantilism and creating a culture of  high tariffs  to protect local interests, many key leaders, including  James Madison  and Hamilton, espoused the ideas of free trade and limited government intervention. In fact, Hamilton, in his Report on Manufacturers espoused a number of theories first stated by Smith. These theories stressed the need to cultivate the extensive land that was available in America to create a wealth of capital through labor, distrust of inherited titles and nobility, and the establishment of a military to protect the land against foreign intrusions. Sources â€Å"Adam Smith.†Ã‚  Econlib.Brett, Sarah, and Oxford University Press. â€Å"Adam Smith (1723-90).†Ã‚  Oxford University Press | Online Resource Centre.Founders Online. Alexander Hamiltons Final Version of the Report on the Subject of the Manufactures.  National Archives and Records Administration, National Archives and Records Administration.

The Talk Show in Relation to the Free and Democratic Debate Dissertation

The Talk Show in Relation to the Free and Democratic Debate - Dissertation Example Mirzoeff (2002) posits that the evolution of the talk show is a prime example of re-narrativizing everyday experiences through a participatory format spearheaded by Phil Donahue, paving the way for Oprah, Sally Jesse Raphael, and Jerry Springer. Additionally, Mirzoeff highlights the point that the key factor to the popularity in the talk show programs is the use of guests that â€Å"tend to be both ordinary in their resemblance to other middle-class Americans and exceptional in that their function is to narrate some form of transgressive or unconventional behavior† (p..453). However, on the other side of the spectrum, the popularity of the talk show format has fuelled polarised academic debate as to whether television talk shows are a valid new public sphere on a par with pre-existing political institutions as a form of public debate, particularly for marginalized social groups (Mirzoeff, 2002, p.453). Alternatively, critics of the televisual format argue that the confessional aspect of the talk show undermines the validity of the talk show as a genuine public sphere for debate and propose that the talk show is essentially a manipulated format of television, creating the illusion of participation with the overall purpose to entertain and thereby controlled by the programming objectives. For example, in the US the term â€Å"talk show† includes chat shows that feature groups of guests as well as the confessional Jerry Springer format. With regard to the latter participation format, this will involve guest participation and the host will typically undertake the role of mediator, which is an important distinction to make in considering how the talk show operates as a media experience (Tolson, 2001, p.7). To this end, Tolson asserts that â€Å"if the talk show is the most controversial TV genre then much academic commentary seems impelled to line up either for or against the terms of the controversy (2001, p.7).

Video game Essay Example | Topics and Well Written Essays - 1000 words

Video game - Essay Example The effect on the young adult will largely depend on the intensity of addiction to video games and the levels of violence contained in such games. The paper notes that video games are good despite the few problems. Young adults may become socially isolated once they start dwelling on games every time they are not occupied with chores or studies. Teenagers may become so used to video games that they may end up forgetting some of the important schooling aspects such as homework, reading and sporting activities that make them physically and mentally fit. Time spent with family and friends would be minimal while at the same time it is not possible to them to replace their offline time in engaging with people. Rather, such time is replaced with getting used to online games on mobile devices to a point that being a loner if, not regarded as a norm by gamers. Games shape the minds of those playing; be it violence and aggressive thoughts associated with the game or fast moving cars and the adrenaline that comes with speed (Anderson, Gentile & Buckley, 2007). Violent games can be said to be directly related to the increased aggressive thoughts of gamers and a violent nature in real life. Games are interactive in nature, and some have the aim of rewarding violence which is dangerous if translated directly in real life. The gamer is in control of the violence using gamepads that make them feel powerful whereas in real life this is not the case. The gamer also has the chance to experience the violence first hand such as killings, shooting, stabbing and shooting which are considered as a vice but an achievement in the game. Other video games have the tendency of teaching teenage gamers the wrong values such as violent behavior, aggression and vengeance that are rewarded in the game (Anderson, Gentile & Buckley, 2007). Situations that are used in real life such as

Compare and contrast Essay Example for Free

Compare and contrast Essay People are always looking forward to their vacation period. There are many options where to choose. I think that the three most common places people choose for taking a vacation are the beach, mountain, and an amusement park. All three places offer a variety of fun activities. The beach offers activities that the mountain or amusement park cannot offer and vice versa. All three places are totally different. The purpose of this essay is to contrast the climate, types of activities and locations of beaches, mountains, and amusement parks. First of all, the three aspects I’m going to discuss about the mountains are climate, types of activities and location. Climate is always important in order to enjoy vacations. If a person dislikes cold weather, he or she might have a hard time in the mountains. The cold climate in the mountains is the first barrier to enjoying them. As I said before, many people don’t enjoy cold temperatures. The climate and the temperature of these zones are what determine the types of activities they offer. Snowboarding, mountain climbing, mountain biking, hiking, and skiing are some of the activities people can enjoy when going to the mountains. There are many regions that have mountains where people can go and have a great vacation. Canada is a country located in North America and full of mountain vacation sites. Inside Canada there are many interesting places where people can go and have fun. Second of all, the three aspects I’m going to discuss about the beach are climate, types of activities and location. Warm climate is one of the most important features that the beach has. Sun and fun are two words that describe the beach. The temperature in those places is always hot. The sea and the warm climate determine the activities that are available at the beach. People can swim, play volleyball, play soccer, and ride water bikes. In most of the coastal sites, there are discos and restaurants where people can dance or party throughout the night. Mexico offers many amazing coastal sites to visit. Acapulco and Cancun are two of the most beautiful and famous beaches in the world. Last but not the least, the three aspects I’m going to discuss about amusement parks are climate, types of activities and location. The climate for an amusement park is almost always hot. If a person doesn’t want to go home with sun burns then the amusement park would not be the place for them. Finally, it doesn’t matter what place a person decides to choose. The fun is 100% guaranteed. People often choose one of these three options to spend their vacations. Depending on what the person likes is what he or she will choose. I like amusement parks better than the mountains or the beach, but sometimes it is better to take a risk and try different places to enjoy.

Pudd?nhead Wilson Essay -- essays research papers

A Character Analysis of Tom Driscoll   Ã‚  Ã‚  Ã‚  Ã‚  In Pudd’nhead Wilson by Mark Twain, the story of two boys, who were switched at early childhood, is told. One of these boys, Tom Driscoll, displays many characteristics in the novel. Tom shows how he is rude and a liar, but he also exhibits his ability to change his ways.   Ã‚  Ã‚  Ã‚  Ã‚  From his childhood to his later years, it was evident that Tom Driscoll was a rude character. For example, during his childhood, Tom and Chambers (the boy with whom Tom was switched with and who was also Tom’s slave) always went an â€Å"played† together. On such instance was when they went swimming with Tom’s friends and were diving off of canoes. Chambers was an excellent diver, however, Tom could not dive for it gave him splitting headaches. And for this reason (Chambers could do something that Tom could not do), Tom pushed the canoe under Chambers as he was in a mid-air dive. The result was that Chambers was unconscious and Tom’s spirit was gratified. Later on, when they were about fifteen, the boys were swimming in the river as usual, Tom fell ill to a cramp in the water and Chambers saved his life. Instead of being grateful to Chambers and thanking him, Tom said that â€Å"anybody but a blockheaded nigger would have known he was funning and left him [Tom] alone† (23). Furthermore, after Tom had gone to college (Yale) and returned back to Dawson’s Landing, he still carried this trait. This was evident when he was h...

Business Communication in Today’s World

INTRODUCTION Definition Communication is defined as the process of transferring information and meaning between senders and receivers, using one or more written, oral, visual or electronic channels. Simply put, communication is the exchange of information between people. It is important to get feedback from your audience and vice versa for the process of communication to take place effectively. The feedback can be either positive or negative. Business communication is any communication used in an organisation with an intention to promote a product, improve service or with the intention to make a sale. This type of communication also occurs within the organisation between the management and employees. It has purpose and a lot of attention is given to detail. Business communication has undergone a lot of transformation as a result of the growth of information technology that has changed the whole concept of communication. In the past, businesses had a model of communication that left very little room for interaction and conversation with the receiver of the message. Currently the model that works and is now used by most organisations is one that gives room to both conversation and interaction with the receivers. BODY Communication is very vital in any organization. Like blood in our bodies, it is the channel that gives life to the organisation and without it, organisations would not be functional. There are two types of business communication in an organization 1. Internal Communication 2. External Communication Internal communication This defines communication that occurs within an organisation. It occurs between management and departments and between the employees of the organization. This type of communication may be formal or informal. Internal communication is vital because it helps in increasing job satisfaction, productivity and profits. It is also a platform for employees and management to air and address grievances. There are three types of communication under internal business communication a) Upward Communication b) Downward Communication c) Horizontal communication a) Upward communication Upward communication is the flow of information from subordinates to superiors or from employees to management. By definition, communication is a two-way affair. Yet for effective two-way organizational communication to occur, it must begin from the bottom. Upward Communication is a means for staff to: * Exchange vital information * Offer ideas Express enthusiasm * Achieve job satisfaction * Provide feedback Diagram showing upward communication in a bank b) Downward Communication This is the flow of information from the person or people who are at the top of the organisation to their subordinates. Downward communication generally provides information for direction and guidance e. g. Instructions on how to do a task. This type o f communication is needed in an organization to: * Transmit important information * Give instructions * Announce decisions * Seek cooperation * Provide motivation * Increase efficiency * Obtain feedback c) Horizontal communication Horizontal communication normally involves coordinating information, and allows people with the same or similar rank in an organization to co-operate or collaborate. Communication among employees at the same level is crucial for the accomplishment of work. Horizontal Communication is essential for: * Solving problems * Accomplishing tasks * Improving teamwork * Building goodwill * Boosting efficiency External Communication This type of communication occurs between the organisation and the public. This includes suppliers, clients or customers, shareholders or investors and with other organisations. Social networks have transformed external communication. The popularity of Facebook, Twitter, LinkedIn and other social networks have made them effective tools for communication that organisations now use. External communication leads to: * Increased sales volume * Public credibility * Operational efficiency * Achievement of organisational goals * Customer satisfaction METHODS OF COMMUNICATION There are different communication methods that are used in business communication. We have verbal, written and visual methods that come in different forms. These forms of communication have undergone transformation with the introduction of information technology. For example verbal forms of communication like telephone calls have been improved to incorporate video conferencing. It is important to choose the right method and form of communication if you are to effectively pass information to your audience. The choice is determined by several factors: * Urgency – How important is the information to the recipient and what would be the effect of delay? * Security and privacy – Are the contents of the message classified? Nature and complexity – does the message contain detailed/ technically complex information that could be misunderstood? * Number of recipients – is the message intended for one person, a selected group or everyone? * Record – Will evidence/proof of communication be needed? * Distance – Is the message for internal use only or does it need to be transmitted further? * Impression/ appea rance – is the message required to create a favorable impression by its style/ quality/ appearance? If so, are the recipient’s taste known? * Feedback – will an instant response be needed from the message? Cost –How much will it cost you to pass this information and is it worth it? Forms of communication include: * Memos * Email * Letters * Newspapers/magazines * Television * Telephone * Meetings Information technology has transformed business technology and today there are several tools that are available for communication both internal and external communication. Some of these tools include: * Wireless network * Electronic presentations * Virtual meeting spaces * Wikis * Voice technology * Video conferencing CONCLUSION Business communication should be effective if the organization is to achieve its goals and desired results. The purpose of business communication is to pass information to the receiver and receive a response. Effective communication is communication that ensures that this happens in an efficient way. For information to be effective, it has to be able to: * Provide information that is practical – it should be able to give the receiver information that they can apply in their daily life. * It should give facts and avoid vague impressions – Language used should be strong and give clear and accurate information. In the case of an argument it should give evidence to support the conclusion reached. The presentation should be concise and efficient this can be achieved by summarizing and highlighting the main points Business communication is important because it helps in: * Decision making – business communication makes the process of decision making faster because reliable information has been received. * Solving problems – Effective communication ensures that problems are solved faster because the problems have already been understood. * Foreseeing potential problems that the business could experience * Developing stronger relationships business relationships * Developing exceptional marketing messages It is important to note that business communication is different from social communication with friends and family. Business communication is complicated and requires skill and attention. As result there are challenges that rise when trying to ensure that an organization has effective business communication. Some of these challenges include: Globalization in business and the diversity of the workforce – Businesses can presently be able to connect with the world and sell products across borders. Although, the opening up of the market is an advantage to the business, it presents new challenges in communication. The organization should find methods to be able to effectively communicate with the new market and diverse workforce that these new opportunities present. The escalation of value given to business communication – We are living in the Information age and competition in the marketplace is determined by how well business information is relayed by the organization. It is important to acquire information on competition, customer needs and the rules and regulations. Growth of technology – Business communication today is dependent on technology and technology is very dynamic. For an organization to be relevant it has to have the ability to transform at the same pace that technology is advancing. It is therefore important to use it productively. We should also remember that technology is just a tool for communication, not a replacement to think or communicate for an organization. Increasing reliance on teamwork – teams are vital in an organizational structure and for teams to produce results there is a need for them to have efficient communication. This sometimes presents challenges but developing great communication lines ensures that teamwork is successful. Business communication is growing; innovations are being made daily to make communication more efficient. Conventional ways are being transformed to incorporate technology or being discarded completely for lack of relevance. All this is done in an effort to improve business and increase productivity. REFERENCES Bove`e, L. , and Thill, V. (2010). Business Communication Today. Upper Saddle, NJ. Pearson Education Inc. Publishing.

“Discourse on the Method” by Rene Descartes Essay

Discourse on the Method is Descartes’ attempt to explain his method of reasoning through even the most difficult of problems. He illustrates the development of this method through brief autobiographical sketches interspersed with philosophical arguments. Part 1 contains â€Å"various considerations concerning the sciences.† First, all people possess â€Å"good sense,† the ability to distinguish truth from fiction. Therefore, it is not a lack of ability that obstructs people but their failure to follow the correct path of thought. The use of a method can elevate an average mind above the rest, and Descartes considered himself a typical thinker improved by the use of his method. Descartes benefited from a superior education, but he believed that book learning also clouded his mind. After leaving school, he set off traveling to learn from â€Å"the great book of the world† with an unclouded mind. He comes to the conclusion that all people have a â€Å"natural light† that can be obscured by education and that it is as important to study oneself as it is to study the world. In part 2, Descartes describes his revelation in the â€Å"stove-heated room.† Contemplating various subjects, he hits on the idea that the works of individuals are superior to those conceived by committee because an individual’s work follows one plan, with all elements working toward the same end. He considers that the science he learned as a boy is likely flawed because it consists of the ideas of many different men from various eras. Keeping in mind what he has learned of logic, geometry, and algebra, he sets down the following rules: (1) to never believe anything unless he can prove it himself; (2) to reduce every problem to its simplest parts; (3) to always be orderly in his thoughts and proceed from the simplest part to the most difficult; and (4) to always, when solving a problem, create a long chain of reasoning and leave nothing out. He immediately finds this method effective in solving problems that he had found too difficult before. Still fearing that his own misconceptions might be getting in the way of pure reason, he decides to systematically eliminate all his wrong opinions and use his new method exclusively. In part 3, Descartes puts forth a provisional moral code to live by while  rethinking his views: (1) to obey the rules and customs of his country and his religion and never take an extreme opinion; (2) to be decisive and stick with his decisions, even if some doubts linger; (3) to try to change himself, not the world; and (4) to examine all the professions in the world and try to figure out what the best one is. Not surprising, Descartes determines that reasoning and searching for the truth is, if not the highest calling, at least extremely useful. For many years after his revelation, Descartes traveled widely and gained a reputation for wisdom, then retired to examine his thoughts in solitude. In part 4, Descartes offers proofs of the existence of the soul and of God. Contemplating the nature of dreams and the unreliability of the senses, he becomes aware of his own process of thinking and realizes it is proof of his existence: I think, therefore I exist (Cogito ergo sum). He also concludes that the soul is separate from the body based on the unreliability of the senses as compared with pure reason. His own doubts lead him to believe that he is imperfect, yet his ability to conceive of perfection indicates that something perfect must exist outside of him–namely, God. He reasons that all good things in the world must stem from God, as must all clear and distinct thoughts. Part 5 moves from discussion of a theory of light to theories about human anatomy. Descartes considers the fact that animals have many of the same organs as humans yet lack powers of speech or reason. He takes this difference to be evidence of humankind’s â€Å"rational soul.† He considers the mysterious connection of the soul to the body and concludes that the soul must have a life outside the body. Therefore it must not die when the body dies. Because he cannot conceive of a way that the soul could perish or be killed, he is forced to conclude that the soul is immortal. In part 6, Descartes cautiously touches on possible conflicts with the church over his ideas about physical science. Finally, he implores his readers to read carefully, apologizes for writing in French rather than Latin, and vows to shun fame and fortune in the name of pursuing truth and knowledge.

Rural Bank of Suares Essay Example

Rural Bank of Suares Essay Example Rural Bank of Suares Essay Rural Bank of Suares Essay Company History ORBS was incorporated in 1974 by a small group of stockholders from the town of Shares located 25 kilometers away from the capital city in a province in Southern Mindanao. Since its founding, ORBS remained the only banking institution operating in this town of about 45,000 people. After its founding, the bank immediately found patronage among the townsfolk so that its stockholders, who were all townspeople of Shares had high hopes for their bank. Within a few years, however, the bank came into serious uncial difficulties. Whether because of lack of foresight or because of pressure from government agencies during the Marcos regime, ORBS, like nearly all rural banks in the country at that time, assumed heavy exposure in the governments disastrous countryside lending program called Manage 99 which resulted in millions of pesos of unsecured and unaccountable loans to rice and corn farmers for the bank. For nearly two decades, the bank, burdened by these unaccountable loans, eked out a survival existence as the Central Bank authorities allowed the bank to carry these uncorrectable accounts in its books and gradually write these off against whatever operating income the bank earned from its regular lending activities through the years. Until recently, therefore, the bank had not been able to expand or pay dividends to its stockholders. Progress in Recent Years Under pressure from the Central bank authorities, the stockholders of the bank were forced to infuse in 1990 another UP million in the fresh equity investments in ORBS to beef up its depleted resources or face closure by the Central Bank. By dint of patient management and ireful husbanding of its resources, the ORBS management was able to rehabilitate the bank and expand both its deposit base and its loan volume. In 1993, ORBS reported modest profits for the first time after years of breakable operations. Because of this history, Argues financial report for 1995 visibly heartened the stockholders gathered in the meeting that morning. The Planned Branch Expansion to the City Argues Justified his proposal to open a branch office in the capital city on two grounds. First, he felt that the limits to expanding both its deposit base and ending activities in the small town of Shares had already been reached. Second, the market for loans and deposits was perceived to be larger in the capital city which was the financial and commercial center of the province with a population more than ten times that of Shares. The opportunities in the city could be seen in the fact that many current borrowers of the bank were residents of the capital city, according to the general manager. These borrowers could be better served if ORBS established a branch office in the city, not to mention the more attractive deposit taking capabilities that would result from this move, he added. Argues estimated the expansion to require approximately ten million pesos, as follows Land acquisition (300 sq. M. ) UP million Building Construction and Fixtures 0. Million Total 8 million Equipment 10. 5 million He explained that UP million would be generated internally and the UP million would be sourced through a loan from a large commercial bank with a branch in the city. He stressed that the time for consolidation was over and the bank was now in a position to ruse a more aggressive expansion strategy. Reactions from the Stockholders There were mixed reactions from the stockholders to Mr.. Argues proposal. Two stockholders expressed general skepticism of the plan. Stockholder 1 why do we want to expand to the city where branches of the big banks in Manila are located Can we compete with those Argues The branches of the Manila banks do not cater to small loans of say IIOP,OHO to 400,000. This is why we have borrowers from the City. The branches of Manila banks will not entertain them. This is our niche in the loan market Stockholder 1 But there are two other rural banks in the City which can do what we do. Argues Then, its a game of who can do it better. Im not afraid of them as competitors. I think we can compete effectively through better service. How do you think weve managed to get so many borrowers from the City to come to Shares and borrow from us Stockholder 2 Why do you have to buy land and build a building Cant you Just rent space the way other banks do This way you can reduce the capital required drastically. Argues I dont like renting. You spend a lot to build a nice branch office and then theyll increase the rent and youre stuck.

Understanding the Bush Doctrine

Understanding the Bush Doctrine The term Bush Doctrine applies to the foreign policy approach that President  George W. Bush practiced during this two terms, January 2001 to January 2009. It was the basis for the American invasion of Iraq in 2003. Neoconservative Framework The Bush Doctrine grew out of  neoconservative dissatisfaction with President Bill Clintons handling of the Iraqi regime of Saddam Hussein in the 1990s. The U.S. had beaten Iraq in the 1991 Persian Gulf War. That wars goals, however, were limited to forcing Iraq to abandon its occupation of Kuwait and did not include toppling Saddam. Many neoconservatives  voiced concern that the U.S. did not depose Saddam. Post-war peace terms also dictated that Saddam  allow United Nations inspectors to periodically search Iraq for evidence of programs to build weapons of mass destruction, which could include chemical or nuclear weapons. Saddam repeatedly angered neo-cons as he stalled or prohibited U.N. inspections. Neoconservatives Letter to Clinton In January 1998, a group of neoconservative hawks, who advocated warfare, if necessary, to achieve their goals, sent a letter to Clinton calling for the removal of Saddam. They said that Saddams interference with U.N. weapons inspectors made it impossible to gain any concrete intelligence about Iraqi weapons. For the neo-cons, Saddams firing of SCUD missiles at Israel during the Gulf War and his use of chemical weapons against Iran in the 1980s erased any doubt about whether he would use any WMD he obtained. The group stressed its view that containment of Saddams Iraq had failed. As the main point of their letter, they said: Given the magnitude of the threat, the current policy, which depends for its success upon the steadfastness of our coalition partners and upon the cooperation of Saddam Hussein, is dangerously inadequate. The only acceptable strategy is one that eliminates the possibility that Iraq will be able to use or threaten to use weapons of mass destruction. In the near term, this means a willingness to undertake military action as diplomacy is clearly failing. In the long term, it means removing Saddam Hussein and his regime from power. That now needs to become the aim of American foreign policy. Signers of the letter included Donald Rumsfeld, who would become Bushs first secretary of defense, and Paul Wolfowitz, who would become undersecretary of defense. America First Unilateralism The Bush Doctrine has an element of America first unilateralism that revealed itself well before the 9/11 terrorist attacks on the United States, the so-called War on Terror or the Iraq War. That revelation came in March 2001, just two months into Bushs presidency, when he withdrew the United States from the U.N.s Kyoto Protocol  to reduce worldwide greenhouse gasses. Bush reasoned that transitioning American industry from coal to cleaner electricity or natural gas would drive up energy costs and force rebuilding of manufacturing infrastructures. The decision made the United States one of two developed nations not subscribing to the Kyoto Protocol. The other was Australia, which has since made plans to join protocol nations. As of January 2017, the U.S. still had not ratified the Kyoto Protocol. With Us or With the Terrorists After the al-Qaida terrorist attacks on the World Trade Center and Pentagon on Sept. 11, 2001, the Bush Doctrine took on a new dimension. That night, Bush told Americans that, in fighting terrorism, the U.S. would not distinguish between terrorists and nations that harbor terrorists. Bush expanded on that when he addressed a joint session of Congress on Sept. 20, 2001. He said: We will pursue nations that provide aid or safe haven to terrorism. Every nation, in every region, now has a decision to make. Either you are with us, or you are with the terrorists. From this day forward, any nation that continues to harbor or support terrorism will be regarded by the United States as a hostile regime. In October 2001, U.S. and allied troops invaded Afghanistan, where intelligence indicated the Taliban-held government was harboring al-Qaida. Preventive War In January 2002, Bushs foreign policy headed toward one of preventive war. Bush described Iraq, Iran and North Korea as an axis of evil that supported terrorism and sought weapons of mass destruction. Well be deliberate, yet time is not on our side. I will not wait on events while dangers gather. I will not stand by as peril draws closer and closer. The United States of America will not permit the worlds most dangerous regimes to threaten us with the worlds most destructive weapons, Bush said. As Washington Post columnist Dan Froomkin commented, Bush was putting a new spin on traditional war policy. Pre-emption has in fact been a staple of our foreign policy for ages and other countries as well, Froomkin wrote. The twist Bush put on it was embracing preventive war: Taking action well before an attack was imminent invading a country that was simply perceived as threatening. By the end of 2002, the Bush administration was talking openly about the possibility of Iraq possessing WMD and reiterating that it harbored and supported terrorists. That rhetoric indicated that the hawks who had written Clinton in 1998 now held sway in the Bush Cabinet. A U.S.-led coalition invaded Iraq in March 2003, quickly toppling Saddams regime in a shock and awe campaign. Legacy A bloody insurgency against the  American occupation of Iraq and the U.S. inability to quickly prop up a working democratic government damaged the credibility of the Bush Doctrine. Most damaging was the absence of weapons of mass destruction in Iraq. Any preventive war doctrine relies on the support of good intelligence, but the absence of WMD highlighted a problem of faulty intelligence. The Bush Doctrine essentially died in 2006. By then the military force in Iraq was focusing on damage repair and pacification, and the militarys preoccupation with and focus on Iraq had enabled the Taliban in Afghanistan to reverse American successes there. In November 2006, public dissatisfaction with the wars enabled Democrats to reclaim control of Congress. It also forced Bush to usher the hawk most notably Rumsfeld out of his Cabinet.

Acetic acid from methanol Essay Example | Topics and Well Written Essays - 1000 words

Acetic acid from methanol - Essay Example This substance freezes at -97.6oC, boils at 64.6oC as well as having a density of 791Kg/m3 at 20oC. This stream is effective using cobalt iodine as a catalyst. The reaction occurs at around 250oC and at pressure of up to 10,000 psi. However, the Rhodium-catalysis of methanol, carbonylation step is extremely selective and works under mild reaction pressure of about 500 psi. The given approach of syngas manufacture entail steam reforming, carbon dioxide reforming, partial oxidation, coal gasification, as well as autothermal reform. The raw items needed in this stream include steam, methane, and oxygen, while the basic byproduct is carbon dioxide. Crude methanol may be distilled, to get rid of water and by-products generated during methanol synthesis, to output methanol. This is carried out by Motunui in Distillation III and IV that are together at 2000 t/d of production The procedure generated by Lurgi Corporation for synthesis of methanol comprises of reactor working at temperature 250 – 2600C with a pressure of 50 – 60 bar. Heat of reaction is gotten rid by circulating water on shell side which in turn produces high pressure steam necessary for other applications. Steam reforming is taken out at 850 – 8600C. Desulphurized naphta is interacted with steam within this temperature to generate hydrogen and carbon oxides. The syngas generated is compressed to 50 – 80 bar before being consumed into methanol reactor. The second path, heavy residues are put into the furnace together with steam and hydrogen at 1400 – 14500C with working pressure of 55 – 60 bar of which it needs no compression. The slowest step of this cycle is the following migratory incorporation of co to generate Iridium-acyl species, F that entails the removal of ionic iodine and the amalgamation of extra CO ligand. This may propose a complete type of rate law: The

Harry Lloyd Hopkins and His Contributions Annotated Bibliography

Harry Lloyd Hopkins and His Contributions - Annotated Bibliography Example Harry Hopkins, throughout his life, played a part in the development and the improvement of the American society during the first half of the 90’s. His first contribution was during his early years, when he, with the help of William Matthews, was able to organize and coordinate one of the first ever public employment programs of the United States, helping numerous families find adequate jobs, freeing them from problems of idleness. A few years later, he was appointed as the secretary of the Bureau of Child Welfare, which gave out allowance and income to mothers taking care of dependent children. Later on, he also participated and worked for the American Red Cross Gulf Division as a general manager of Civilian Relief, and then, contributed in the making of the charter for AASW, or the American Association of Social Workers, which he would later become the president of in 1923. He also played a big part in the growth of the New York Tuberculosis Association, wherein he was the g eneral director. Because of this, then governor of New York Franklin D. Roosevelt took keen notice in what Hopkins has done and when Roosevelt named Straus, R. H. Macy’s department store president as the president of the TERA, or Temporary Emergency Relief Administration, Straus named Hopkins as TERA’s executive director. Again, his wise and prudent management was noticed by Roosevelt, and was later called to be the president of the organization.

Comparing analytical themes Thesis Example | Topics and Well Written Essays - 2500 words

Comparing analytical themes - Thesis Example The origin of Transnationalism in Africa can be traced back to the post independence period in the 1960s. Most countries in Africa got their independence from their colonial masters and this ushered in a new set of leadership throughout the continent. The political class emerged as the de facto custodians of the post colonial state and thus took most of the national resources. The civil class that comprised of educated and informed citizens was left out of the decision making process and this generated intense struggles for power and influence (Okome & Olufemi, 2012). This gave rise to transnational dynamics as some citizens struggled to cope with national and global forces. The authors argue that globalization preceded transnationalism. Globalization can be defined as the process through the world has integrated through interchange of ideas, trade and culture. Further, advances in technology have made it possible for people from diverse geographic locations to communicate with other. Imperatively, geographical boundaries no longer restrict the flow of communication and ideas among all the people in the globe. It can be argued that indeed there has been a high level of interconnectedness as has been witnessed in the recent past. Globalization was also fuelled by the inevitable interdependence of countries for trade under other aspects of cooperation. With the realization that no country can prosper alone, the concept of globalization was slowly established as countries strived to be linked. Inevitably, Africa had to play its role in the globalized world. The world economy is interconnected and all the regions have a stake in it. After colonialism, African countries had to grapple with the new realities of managing themselves. This responsibility of African states managing themselves came with the requirement that the countries had to be economically empowered. The poor infrastructure in most post colonial African countries meant that the countries

History Of Lg Electronics Global Company

History Of Lg Electronics Global Company INTRODUCTION In 1947, LG was born as the Lak Hui Chemical Industrial Co. by Mr. In-hwoi Koo for manufacturing cosmetic creams. After that, the company produced radios, TVs, refrigerators, washing machines, and air conditioners as Goldstar Co. (currently LG Electronics) in 1958. The LG group was a merger of 2 Korean companies, Lucky and Goldstar; the current LG brand name was acronym from the name of these companies. With more than 82.000 employees and 110 subsidiaries and marketing units all over the world  [1]  , LG Electronics Inc. (LGE) was a successful company of Korean electronics that got the revenues of more than $43 billion  [2]  . Its products involve 4 strategic business units: Mobile communications, Digital appliance, Digital display, and Digital media such as CDMA handsets, DVD players, air conditioners, micro ovens, consumer electronics, and so on. In this report, we are going to discuss the key strengths of the Korean electronics industry during their formative years and how firms leverage these advantages to enter developed country markets. After that, the report mentions particularly about the strategic growths of LG Electronics to approach the emerging markets; and we are going to find out the commonalities across its strategies in the BRIC countries. Finally, the report will be ended with the points of learning that can be distilled from its success in emerging market and if these advantages help firms to compete in developed country or not. PART II Case Question 1 What were the key strengths of Korean electronics industry during the formative years? How did firms leverage these advantages to enter developed-country markets? During the formative years, almost Korea electronics is an Original Equipment Manufacturer such as Goldstar, Samsung, and Zenith; which received orders from global companies. This should bring them a lot of experiences on customer demand, the characteristic of markets, the customized products of some countries. The combination between innovate and education policy encouraged more students for technical education, the low-cost skills of Korean employees, the access of effective technology across all firms, the strongly development of technology in all country. Korea electronics companies can learn quickly knowledge, technologies, skills from Europe, US, Japan because government allows these foreign firms become joint venture with domestic firms. For example: LG Hitachi, Deawoo GE, Samsung Sanyo, so on. Besides that, government also focused on most sectors of Electronic industry of country, so they supported so much to develop this industry. Foreign investment was supported to develop the intermediate parts and component industry, while prohibiting foreign investment in companies producing finished goods. Korean firm with letters of credit for exports automatically received access to preferential loans. Export companies were exempted from various indirect taxes and received tax breaks for depreciation and tariff payments; they also had access to duty-free imports of capital goods. Government helped to encourage firm creating their local RD. With the developing and investment of technology, some firms stared to export their products by their own logo, not as OEM anymore like LG and Samsung. Because they were OEM of some global markets, so they already had the reference of consumers and global standards. After that, with many supporting of government, they had their manpower supplying with skills and abilities from university. Government has the tax breaks for depreciation and tariff payments for exporting companies. And the RD department had enough experience to recognize the market and give the best solution for company. As the Glodstar product lines, LGE established a central RD to develop and manufacture color TV (CTVs), VCRs and computers. PART III Case Question 2 Were there any distinct patterns in terms of the companys approach to emerging markets? Trace the commonalities across its strategies in the BRIC countries. Brazil Brazil is a country in South America wide more than 8.5 million km2, rich in mineral resources, population 190 million people with diverse cultures. Brazil is the leading economy in Latin America, ranking 10th in the world. Brazil chooses the path of economic model: fast growth with the advantage that fast economy flourishes, the growth rate in average income is very high. Besides that, government has some regulations to promote investors such as preferential tax rates, land subsidies in country, especially in some underdeveloped rainforest region. With these advantages, LG began attacking the Brazilian market in the mid-1990s. But during that time, Brazil also faced a lot of difficulties. Because their economic model is fast growth, so it also makes unequal economic, political; social increasingly fierce; the quality of life is not considered. At the late 1990s, almost global companies had to exit the market because of very high import tariffs, significant competition from the gray goods market, very low brand awareness. Inflation rate increased with high speed, local currency became unstable, exchange rates started to plummet with increasing levels of uncertainty. LG decided to make a long-term strategy, and also expanded their brand name in India. They had 2 factories in Manaus and Taubate to produce their products, this strategy made Brazil as a regional manufacturing hub to serve South America and US markets. LG also let Brazilian government know that they are a credibility partner in term of national growth by join with government to combat the problem of the rampant smuggling of gray market goods. Everybody knows that Brazil is a country passionate about soccer, Brazilian live for football. So LG had one strategy to reach millions of football fans sponsored a football club in Sao Paulo that most popular among the top clubs in the country  [3]  . By providing official uniforms with the LG logo for Sao Paulo club, LG get the instant brand recognition and fixed image in consumer. India LG began in 1993 as a form of joint venture with a consumer products company named Bestavision. They chose the Goldstar line of products to distribute in India. Since the government allowed foreign companies set up their own firms without local partnership, and the business of LG and Bestavision failed, LG decided to launch LGE India Ltd. (LGEIL) in 1997 with their own wholly owned subsidiaries in India. There were many challenges that LG had to overcome like: low brand awareness about LG brand name; LG was one of the last MNCs entered in India; high import duty of government; price sensitiveness of the Indian consumer and competitors. Following the global strategy, LG still entered and focused on the rural market. Because there are a lot of competition from local and global players in urban market; big population of rural market but also large untapped; etc. There is 1 year for them to set up manufacturing operations in Greater Noida to manufacture televisions, washing machine, etc. to over some the high import rate cost. At the first time, LG created an RD teams by local employees to customizing its products lines to meet local needs. It helped LG distribute their existing products and also customizing the new unique characteristic of products that matched the consumers expectations. This is an important resolution for LG to achieve both objectives: marketing and produce. LG had differentiated its product using technology and health care system like golden eye technology of CTVS, health air system for air conditionals, so on. They focus on emphasizing good-quality products, with prime technology and network. For customized products, they did not cut prices in manufacture existing product lines, but they decided to built new version with less material cost and also catch the needs of consumers. They kept the engineered quality of the appliances and focused on value engineering and design to manufacture at the lower cost. Such as microwave ovens with cooking menu including 77 kinds of Indian dishes  [4]  , television is displayed by 10 regional languages, washing machine with sari cycle, and so on. It helped LGEIL have all levels of consumers, especially low-class consumers, because company served exactly the need of them high quality but not expensive products. The price range of the products of LG India is quite reasonable and affordable so as to make it easier for every class of people to go for it thereby increasing the consumer level. For example, the price of Sampoorna reduces from 9000 to 5050. This shows R D team has worked very well and complete their tasks, it helps the production of LG reasonable based on deep understanding of Indias cultural and linguistic diversity. LG Company invested and created the distribution network encompassing with 65 Remote Area Offices, 60 central area offices, near to 4.000 access points in all areas, and they also had their online channel lgezbuy.com to provide information of products, comparison of prices and qualities across geographic, accept the individuals buyers. These regional distribution networks helped LG E to penetrate the B, C and D markets faster and wider. http://htmlimg3.scribdassets.com/6q46i2mohe5bi0w/images/14-631b49b1d4/000.png As same activity in Brazil, LG started sponsoring to catch more customers. LG became the largest single sponsor of cricket in the world, although they came from a country where cricket was not played. It immediately attacked to millions of cricket fans in this country and prelude to the success of the cricket-game TV set lines. LG also brought their products to 4 capitals of Indian cricket team for endorsing. Another strategy for other field of India, LGEIL promoted their products by Indians leading film stars. This is considered the largest film producer in the world by number of films produced annually and the number of tickets sold at cinemas, it has its owned name Bollywood to describe the effective to local consumers. After that, LG had another long-term strategy in trying to care about the social welfares in India initiatives. It created a friendly look to the company, people knew that company really did not just trading on their own country, but also cares for their lives. They subsidized the primary school education and books for children, built a village school. While most of employees of company in India were local people, they provided medical clinics for the health care strategy to employees as well as the local community. Also there were some basic levels, but LG shown that their corporation social responsible done well. As mentioned above, LGEIL put local employees staffed as the main labor force in their manufacturing. With the local employees, company could get great resource of engineering and design skills. LG Indias purposing is satisfying the needs of its consumers not only in the domestic market but all across the globe. Company is trying to make India as their training hub for global strategy. The company had begun rotating some of these managers into positions in third countries in the middles east and Africa. This is one of advantages of LG to acquire a leading position by providing fast and innovative techniques on their products. They always create new products with the best technology possible. Russia LG first entered Russia for the purpose to sale products; they imported goods manufactured from other countries and sale in Russia. Not the same as Brazil and India, LG operated themselves in and around the city of Moscow, and they just focused on Goldstar brand. LG set up an RD center and regional office in St. Petersburg for their first strategy. Till Russian engineers were known for their ability and skills in technology, company looked for talent employees to support their global employees. LG promoted their reputation by opening LG brand shops, retail channels with LG brand portfolio, culture marketing events such as LG festivals, cooking events, and so on. 1998, Russia was affected by the severe economic crisis; it made Russia faced the debt moratorium problem. This was the time LG shown their long-term strategy and loyal attitude to all Russian local and government. The more they pushed the mode of operation to dominate the market dropped; they enhance the image with consumers through the sponsorship of events, more carefully to the requirements for each market. These activities created a foundation for their premium strategy and image to local. In 2005, government allowed company to use the Narodnaya Marka logo for their products. This is an important event for LG officially recognized as a national brand, the successful of foreign company of their localization strategy. China In this market, LG first reason for entering china is lower-cost production, and they spent a lot of time to understand the local market conditions and assessing the feasibility to be successful. Since LG Electronics established its local subsidiary in Huizhou in 1992, the LG Groups 12 subsidiaries have come to manage some 34 local companies, including 22 manufacturers. LG Electronics took the top position in the Chinese domestic market in the area of TV export, CD-Rom drivers, washing machine, and air conditioners during that time because of their advantages of technological prowess and the marketability of their products. In china, they used the new strategy as a bipolar strategy a strategy offer high value-added digital home appliances to the high income earners living in the coastal areas, and low-priced household electronically appliances to general households living in the interior. China is a great resource for operating a business. With many advantages such as low labor cost, low material cost, government regulations, geographic proximity to Korea market, 16 corporate entities of LG were built in the country which focused on manufacture Plasma TV, white goods, and important research, development in 2006. LG expanded their brand to set up a manufacturing network to serve countries such as Russia and US. As 98% off employees were local Chinese and RD center, this is a smart strategy of LG in case of localization in China. For their promoting image, LG initiated an I love china campaign and passed out free sanitary masks to local citizens during the SARS crisis in China. This activity really effected to customers while others competitors tried to rundown their business. LG also well done with their Corporation Social Responsibility by launching schools, offering scholarships to economically disadvantaged students, sponsoring a touting cultural festival that would bring traditional Chinese cultural experiences to small towns and villages, founding a hospital program to provide surgical treatment to children with cleft palates. Common strategy across BRIC At the first time, LG Electronics always put up their local manufacturer and RD team with local employees to understand the need and characteristic of each market. They depend on these researches and created some specification for local. Such as in India, most of consumers require on cheap price of products, but still have the same quality of international; LGEIL decided to produce the television with a smaller screen size and scaled-down sound system. They did not forget to serve the high-end products to all markets. This is really the big success of their RD activities. They are supporting global strategy by looking for talent local employees, meaning they localize with a purpose for global market. And with local operation, they can save much of manufactured products such as materials, employees, etc. Second thing for their global strategy is they always established their brand name on rural market, where avoid the competition of those large corporations around the world. This is one unique strategy of LG because they focus on lower-class consumers and appropriate way to satisfy consumers in cheap prices but still benefit. The population of rural areas is always greater many times than urban areas. In 2007, LG Electronics reached the $2 billion marks in revenues in India; this is a good result for their strategy. By recruiting the local employees, LG E knew well about the characteristic of their consumers and this is an advantage to attack them. The company is always looking for talent employees to train them as a global standard. LG E did sponsors to the passionate of the country, such as cricket game in India, football in Brazil. Otherwise, they had good corporation social responsibility that shown local and government their loyalty. All strategies of LG E in BRIC countries are long-term commitment; this make LG has a different position compare with other operations. LG still tries to overcome all the barriers if they believe that a market is really profitable. PART IV Case Question 3 What are critical points of learning that can be distilled from its success in emerging market? How these advantages are leveraged to compete in developed countries? Are there advantages transferable? By some successful experiences of LG in BRIC countries, LG brought to people the strategy to run well an operation in emerging market. Some of their success experiences are do sponsorship, event to create an image to customers; they always had their RD team to customization their product to satisfy the markets based on localization. They still kept the global standard on their product lines and put it into new products for each market. By this way, their brand name will have the image of globalization and also get benefit for customized products. And LG focused on rural market and they know that major population of BRIC countries is poor, so they give what the customers want low price. In case of operate in developed country, LG can also use this strategy to attack their customers, but its harder. Because in developed countries, there are many sponsorship and activities daily, if their marketing strategy is not unique, LG can get many difficult to compete with others like Sony, Phil lip, etc. Foreign businesses always focus on 2 things: outsourcing and marketing when enter a country. LG really did 2 things above in BRIC countries because they built their own factories, using local people, manufacture products on their factory in each country. They produce their customized products and sale them. But maybe this strategy will not work in developed country, because of the highly cost rates. The purpose for building their outsourcing is reducing the cost, but in developed country, the cost for these activities is very expensive. There will be better for them if they just do marketing and sale activities in developed country. Other thing is their distribution network. They expanded their brand name by a lot of retail channel, offices to most areas of each country. They also can save the cost for import, export, transfer, and quickly accessible to consumers. This will be the prepare strategy before LG enter a developed country. PART V References Career LG. (n.d.). Retrieved 11 24, 2010, from LG Electronics Inc.: http://www.lg.com/global/about-lg/careers/faq.jsp Corporate infomation. (n.d.). Retrieved November 20, 2010, from LG Electronics Inc.: http://www.lg.com/africa_en/about-lg/corporate-info/global-sports-sponsorship/sao-paulo-football-club.jsp Grand Finale Of LGS MALLIKA E Kitchen 2010. (n.d.). Retrieved November 24, 2010, from Food and Nightlife: http://www.foodandnightlife.com/content/grand-finale-of-lg-s-mallika-e-kitchen-2010 LG Record sales and products. (2010, 1 28). Retrieved 11 19, 2010, from Consumer Lifestyle News: http://www.cln-online.org/index.php?option=com_contentview=articleid=511:lgprofitscatid=40:industryItemid=135 LOUIS VUITTON IN INDIA Table of Contents Louis Vuitton Background Introduction 24 Case Question 1 Why do people buy luxury goods? 25 Case Question 2 Louis Vuitton is a high-end product. India is a low-income economy. Can this dichotomy be reconciled? 28 Case Question 3 What are the external factors kindering the purchase of luxury goods in a country like India? 30 Case Question 4 Why do luxury goods marketers form retail clusters? 33 Case Question 5 Why do certain luxury brands look for store locations in luxury hotels? 35 Case Question 6 How does a luxury mall work for luxury goods marketers? 37 Conclusion 39 References 40 PART I INTRODUCTION Louis Vuitton, a French fashion house officially founded in 1854, is the worlds leading of high-end fashion brand in international fashion industry. The well-known label is LV monogram which is featured on most products ranging from luxury trunks to leather goods is also as a way to deter counterfeiters. Founder of LV first launched a small leather shop in 1821 with the original products specialized in crafting fine leather luggage ware. But since recognized the demand among prestigious travelers who wanted premium steamer bags, flat cases, and weekend bags, the namesake designer, Louis Vuitton, gradually grew into a brand that offered deluxe travel goods. Back then, as successfully in establishing LV initial reputation, LV expanded the assortment to include carry-on-bags, toiletry cases, small trunks, jewelry boxes, and eventually luxury watches. Today, over one hundred and fifty year brand Louis Vuitton has been spread throughout Europe as the fashion icon of the most exquisite sy mbol. In this particular case study, we are going to discuss the reason why people purchase luxury goods, especially is LV; and how the dichotomy between a high-end product and a low-income economy to be reconciled. Then, the report will be continued with the external factors that hindering the purchase of luxury goods in India, culture typically. After that, mentioned more in international marketing, we are going to find out the reason why luxury goods marketers form retail clusters, why certain luxury goods look for store locations in luxury hotel. And finally, the report will be ended with the way of a luxury mall work for luxury goods marketers. PART II Case Question 1 Why do people buy luxury goods? Nowadays, when the world becomes globalization, there are no more barriers in the integration process of every country. Therefore, people are entitled to purchase and use global products made by international companies. Not the same as consumer goods or necessity goods, luxury goods are cyclical and correlate with GDP in specific regions, often exaggerating the up- and down-swings; in boom times, consumers demand tends to grow faster than the growth of economies (as measured by GDP)  [5]  . More precisely, luxury goods are goods for which demand is not related to income. Basically, there are three main factors that lead people by luxury goods. Especially in todays consumer-driven economy, people spend proportionately less on basic necessities and more on things based upon emotion and desire. Firstly, they buy luxury good because of its superior functionality and quality. Most of them were old because of hard working time period, so they were wealthy enough that willing to pay premium for products that had enduring value. They usually conducted extensive pre-purchase research, then making logical decisions rather than emotional or impulsive. This action highlighted the messages of product quality. And that message were information-intensive appealed to them. Consisting of connoisseurs, this category was the largest. Secondly, they are people who perceive luxury products as a reward. They saw these products as status symbols which make the personal statement that they had arrived. Highly driven, they were motivated by a desire to be successful, eager to showcase their success to others. They also were keen on appearing lavish or hedonistic. They wanted to make seemingly smart decisions that demonstrated the importance of their purchase while not leaving them open to social criticism of any kind. Thirdly, this is the smallest and consisted of younger consumers, with a higher proportion of males than the other categories. They saw luxury products as a means of self-indulgence. They enjoyed luxury products for their feel-good factor. They were emotional in their purchase decisions and were not concerned with product longevity or its enduring value. Particularly, in India, people who buy luxury goods fall into the second category. As we know, maharajahs are the most wealthy and powerful in India in the late 19th century. They are the one who prefer everything luxury to showcase their positions as great king. It was the ongoing orders from Indian royal families, among other wealthy customers, that had helps Louis Vuitton survive the Great Depression of the 1920s  [6]  .After that, although the changes in 1971, these maharajahs lost their traditional hold in post-independent India and their riches with the abolition of annual financial grants from federal government, many of them became entrepreneurs; but accidentally, the new generation of customers for LV was formed in India including start-up owners of myriad new businesses, professional CEOs in their thirties and early forties, non-resident Indian, small and medium retailers, big-brand franchisees, Bollywood actors and closet spenders. This new generation of customers coul d be the third category of who purchase luxury goods. They are new and not too many of them are really rich, but they still purchase LV as the feel good factor. Hence, they are very essential in long-term strategic development in Indian market. PART III Case Question 2 Louis Vuitton is a high-end product. India is a low-income economy. Can this dichotomy be reconciled? India, throughout history, has been a land of extremes and known for the indulgence of its opulent classes  [7]  . Typically, there are more than 600 maharajahs existed that time. They are truly powerful and wealthy enough to be considered as great king. As a positive result, most of global brands were looking India as a market with long-term potential whereby there are high demands of luxury goods from Indian royal families, so does Louis Vuitton. Until now, almost luxury brands are still survived in Indian market despite of global economic crisis. Clearly evidences are the Indian market has increased a significant percent of consumption this year when customers are more interested in walking into the outlets and, importantly, buying rather than just looking. Besides that, India is known as a low-income economy, but there are really have several wealthy people who are superior to the average population. Since Louis Vuitton made an important observation that the rich in India were flying to London, Dubai, Singapore, New York, and Paris to shop because there were noting available in India for them to buy  [8]  , the company has articulated the clear long-term goals in India that is open store in every Indian city so that the wealthy class can buy the needed items right in their home country. The World Wealth Report 2005-06, published by Merrill Lynch and Capgemini, put the number of dollar millionaires in India at 83,000 in 2005. The report also said that India recorded the worlds second fastest growth in the number of HNW individuals, 19.3 per cent in 2005  [9]  . Thus, we can easily realize the potential market of Indian consumers purchasing power. Currently, due to the capitalist mind set and growing young population, India offers to luxury brands favorable advantages such as more wealthy people, increasing awareness, increasing consumerism, and greater supply of luxury goods. Firstly, luxury product companies strategizing their entry into India were primarily targeting high-net-worth individuals because they are those with a million dollars or more in liquid financial assets. They are the largest category of spending on luxury goods as the number of them as well as their demand increased. Secondly, India young generation is now travelling abroad more than before, thus, the foreigner brand awareness is also increasing. The more they go out of the country, the more they exposure with international brands, especially luxury brands. Then, the demand of these kinds of global brands is increased in India but domestic market can not satisfy their demand. That is the reason helps luxury goods generally and Louis Vuitton particularly still existed and developed gradually in this market. Thirdly, there are also an increased numbers in consumption of non-essential items. The world is getting globalization day by day; the demand of human is not only the needs but also the wants, so that their life becomes more convenient and sophisticated. They dont afraid of giving a large amount of money to spend on a luxury product that it is worth for and satisfied their wants. Of course, there is no more guilt feeling associated with spending on luxury nowadays. Finally, together with the boom of expanding global, luxury brands opened more and more outlets in as many countries as possible, including India. Generally, in the world of opposition, this dichotomy entirely can be reconciled. PART IV Case Question 3 What are the external factors hindering the purchase of luxury goods in a country like India? Depend on several conditions of each country; the factors that are hindering the purchase of luxury goods are various. In this particular case study, we are finding out the external factors in Indian market. Advertising platform: Nowadays, Advertising is a service to the community  [10]  . It is usually revealled the latest fashions and the new popular novelties on the market. Therefore, the effect of adverting to the community is essential. Advertising has the power of persuade and influence consumer. Advertising has short-term power (conveying new information, building awareness, enhancing credibility, etc.) and long-term power (conveying brand image, attaching emotional values to the brand, building positive reputation, etc.)  [11]  . Actually, there is lack of advertising platform in Indian market. No famous magazines or newspapers are found in India at tha