Wednesday, November 27, 2019

Marketing strategy Aussie Fresh

Abstract It is important to understand that even though the market opportunity in Vietnam seems to be promising, there are associated risks for the foreign investors. Continuous consultation from competent and qualified market analysts is the key to success any company that intends to invest in Vietnam.Advertising We will write a custom assessment sample on Marketing strategy: Aussie Fresh specifically for you for only $16.05 $11/page Learn More The organizations should be able identify the evolving market trends and make the necessary long-term and short-term reinforcements in order to survive in the market. Aussie Fresh should adopt direct export as the entry strategy since the other entry modes seem unfavorable in Vietnam. Introduction Background The production of wine in Australia has drastically increased in the past leading to oversupply of wine in the Australian market. Even though the rate of local consumption has increased, the production rates have increased more forcing the wine industries to seek foreign investment (Davis, 2005, p.1). In order to have a successful foreign investment, the company has to understand the market environment at the foreign market and adopt a marketing strategy that can help it gain a competitive advantage over the other companies in the same market. It needs to understand the internal and external forces that might influence its operations at the foreign establishment. The export market also receives increasing competition. This calls a continuous assessment and evaluation of the market trends by the company (Davis, 2005, p.2). It should be the aim of the organization not only to have a competitive advantage over the others but also to sustain the advantage for long (Peng, 2008, p16). Purpose of the report The report is intended to help in developing a marketing strategy that Aussie Fresh can adopt when establishing a foreign investment in Vietnam. The wine industry in Vietnam, the analysis o f internal and external factors the company, the country profile for Vietnam, and the suggested strategies are presented in details. In-depth Business case analysis Vietnam country profile and PESTEL Vietnam is a country in Southeast Asia, which seceded from China in the first half of the tenth century A.D. During their struggle for independence, the Vietnamese were almost thrown out of their home country by the colonial power. The result was a politically divided nation and this rivalry continued and was evident during the Vietnam War.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The war continued and in 1975, the war between the North Vietnamese and the South Vietnamese ended resulting into of the two in 1976. Vietnam was now a politically stable nation after a very long struggle. Various political and economic reforms could now be put in place by the government. The country could now feature and participate in the international market as it developed good relations with other countries. Vietnam joined the World Trade Organization in 2007, and was committed to its terms and conditions. The country has succeeded in making good international relations and this has led to a rapid economic growth in the country in the recent past. It has been projected by Citigroup that the rapid economic growth is set to continue being experienced in the country in the future. The report by Citigroup ranked Vietnam the top among the countries termed as Global Growth Generators (Citigroup, 2011). The country is expected to have a high growth rate of real per capita Gross Domestic Product of 6.4% between 2010 and 2050. The population census that was conducted in April 2009 showed that the country had about 86 million people. The figure is projected to be about 89 million people currently in the country and is expected to hit 112 million mark in 2050 (Citigroup, 201). Out of this population, about 85% percent belong to the ‘Kinh’ community. There are over 50 other minor ethnic groups but the Kinh community dominates most parts of the country. It has the greatest control on both the political and economic development in the area. Their culture dominates the region suppressing the other cultures in the country. The official language in the country is Vietnamese, which traces its roots from the Chinese language as it uses some of the Chinese characters. Most studies that were carried out in Vietnam were mainly in the areas of humanities. Scholars had much attention in areas like philosophy and linguistics for a relatively long period. This has, however improved gradually with studies in fields like mathematics and social sciences. Their applications in the adoption of the modern technologies started to be seen.Advertising We will write a custom assessment sample on Marketing strategy: Aussie Fresh specifically for you for only $16.05 $11/page Learn More The use of media in Vietnam is one f the technological aspects that were seen in the country. Media in Vietnam has had the challenge that most of the operations of the media outlets are under the control of the government. There are no independent outspoken media outlets that can operate contrary to the government’s restrictions (Amnesty international, 2010, p2). The country has a national radio broadcasting service that goes beyond the country through satellite transmission. There is also the Vietnam television that is also a state-owned media house. Print media is also available in Vietnam and has been useful to the government in informing the public of the government policies in relation to the local and international trade. The use of internet is also available in Vietnam. However, the government puts both the technical and legal restrictions on its use. There had been cases where internet users are arrested and charged in court due to their online activities (Amnesty international, 2010, p2). The legislations in Vietnam are not friendly to the citizens and foreigners. The government restrictions on human rights and privileges are evident. Their 1992 constitution talks of the right of freedom of expression but on condition, that it is in accordance the other strict requirements of the law (Amnesty International, 2010, p.2). An institutional analysis The market in Vietnam is not fully developed and can be likened to the other upcoming global markets. The country has a civilized population with unique cultural values and practices. However, it has been observed that the business environment in the country is uniquely defined and marketing strategies that have proved successful in the other parts of Asia may not be applicable in Vietnam (Diep, 2011). Even within the country, there is an evidence of difference in consumer cultures, which calls for an integrated system of marketing strategies. It was observed that a ma rketing strategy that was successful in one part of the country might not be successful in the other part of the country due to the cultural diversity (Diep, 2011). Just like in any other country where the citizens tend to adopt the Western lifestyle, the urban population is often attracted to the new and modern brands from the west. The population often chooses their brands in regard to the financial and social status of an individual in the society. The same scenario is witnessed in the wine consumption in Vietnam.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More It has also been noted that this population positively respond to the advertisements and sales promotions that are performed on new brands (Diep, 2011). It was also pointed out that once the consumers have been attracted to a particular product brand, it takes a relatively longer period for another competing company to lure them into their products. Wine industry in Vietnam and other Asian countries Porter’s five forces analysis Wine production in the Asian countries like China and Vietnam is set to increase in the near future due to the increased production of raw materials. Most of these countries do not have a climate that favors the production of grape. However, they have opted to adopt mechanized farming systems and modern technology in the production of wine (Griffin, 1996). The learning institutions have also established curriculum that provides an extensive research on wine and win production. The increased wine production using the modern technology that has been see n in China and Vietnam is the project of a foreign wine production company called Allied Domecq (Griffin, 1996). This implies that there are chances that more investors will be attracted to the industry. The advantage that a foreign investor in the wine industry in Vietnam can enjoy is that the production by the Vietnamese is in the process of developing. It has been pointed out that the French only introduced the techniques of coffee and bread making and never introduced the technique of wine making in Vietnam (Griffin, 1996). Besides, the variety of grapes that is set to be used for wine making has been found to be unfit for such production and is set to adopted tentatively as other fit varieties are being developed. A competing company with reliable source of recommended raw products can easily utilize this looming opportunity to gain a competitive advantage. One of the challenges that are to be faced by the company’s operations in Vietnam is the poor infrastructure in the country. Good means of transport is one of the key drivers of globalization (Ghemawa 2007, p.14). Even though the country is developing and it is in the process of improving the limited infrastructure, the system of distribution channels requires further strategies by the business organization. Another challenge to be faced in exporting wine to Vietnam is the high rate of import tax levied on the imported products (Diep, 2011). However, there is an expectation that the tax rates will go down due to the intervention by the World trade Organization in the monetary and fiscal policies that are to be used in Vietnam. The market analysis of the consumption of wine in relation to other substitute products still indicates a possible increase in wine consumption. It was observed that even though a bottle of wine could buy more than a dozen f beer, there was a constant by the natives especially in the urban centers from beer to wine consumption (Diep, 2011). There has been a remarkable chan ge in the channel of distribution for wine products in the country with the product being available for sale at both the local retail stores, supermarkets, and the hypermarkets. The latest report by the Australian trade Commission showed that the promising areas of the wine industry in Vietnam include ‘white and red wines, rose, desert wines, sparkling wines, cask and bulk wine for local bottling and the hospitality industry’ (Diep, 2011). The wine that is imported from Australia into Vietnam forms about 15% of the total imported wines in the country (Diep, 2011). The largest percentage of the imports is the French wine with Australian wines having the second largest share of the imports In the past couples of years, there has been a remarkable economic growth rate experienced in the country, which makes it a suitable export market for the Australian wines. The region has about 87 million consumers of wine and the rate of sales at the local retail stores is promising (D iep, 2011). The figure is set to increase in the coming years due to the changing life styles that are currently being experienced in the region. Traditionally, the consumers of wine used to be the foreigners in the country o the country’s nationals who had been to the western country and back. However, the adoption of the western culture and the growing economy in the area that leads to improved living standards makes the local population the major consumers of wine in Vietnam (Diep, 2011). This provides handsome opportunities for the Australian wine producers to compete for the market of their product in Vietnam. SWOT analysis and VRIO summaries The proximity of Australia to Asia provides a good opportunity for expansion the company’s business operations. The cost of transportation is relatively lower and shipment of products can be done daily (Peterson et al 2000, p.32). The company can also boast of the ability to obtain the raw materials throughout the season. Thi s leads to a constant production of the company’s products in relation to the prevailing market demands. The high use of modern technology in Australia can also enable Aussie Fresh to manufacture products that are modern to capture the Vietnamese consumers who are attracted to new and modern products. A high cost of production is one of the problems faced by the company. The agricultural products in Australia, which are the raw material for wine production, are relatively expensive perhaps due to the farming practices that are adopted by the farmers (Peterson et al 2000, p.32). The market for wine in Vietnam is under a stiff competition from other investors like France. The French wine is currently the leading imported wine in the region and might sustain the competitive advantage due to their improved technology. Besides, one marketing technique that might be adopted is use of sales promotions and advertisements through the media. This is not very possible due to extensive l egislative regulations put on the media usage. However, it is important to note that wine production by the local companies in Vietnam is still very low due to lack of resources and the appropriate expertise. Evaluation of two modes of entry There are different modes of entry that a company seeking to establish a new foreign investment. Two of these modes are examined below. Franchising This is an entry strategy whereby a new company enters a deal with an existing company to use the latter’s brand name. In franchising, a company (franchisor) develops a marketing model and sells its operation to another company (Spinelli et al, 2004, p.2). It has the advantage that the establishment of a foreign investment is faster and cheaper when the operations are managed by some third party established in the region. The franchisor does not have to bear the full risks of foreign investment. However, it requires that there be a true commitment between the franchisees and the parent compani es (Kutz, 2004). The production and marketing processes are not under the full control of the parent company (Peng, 2008, p171). J.V.P This involves two or more companies forming a joint company. A foreign company collaborates with some local partner to have a joint operation. It has the advantage that risks and costs of production are shared among the partners. The foreign company is also able to learn more about the host country in order to develop future independent marketing strategies (Peng, 2008, p172). However, it is important to note that the operations in these joint companies are not smooth due to the diversities that often exist among the partners. There are always disagreements in decision-making process. It does not provide the foreign partner a substantial control over the operations (Peng, 2008, p172). Conclusion- summary and recommendation Both the above entry modes have the disadvantage of the lack of full control over its operations. The entry strategy that should be adopted by Aussie Fresh is direct export as it has less associated risks in relation the evaluated market situations in Vietnam. It has the advantage the company has a direct access to its foreign customers (Peng, 2008, p139). The company may tentatively use local distributors by carefully examining and assessing the trade agreements that have been signed between the two nations The company should attempt to adopt the business culture that prevails in Vietnam. It should identify the suitable distributors and sales agents for their products. To win a large market share, it should liaise with retailers like supermarkets, hypermarkets, hotels, and restaurants for the distribution of their products. This will improve the consumers’ access to the products. The company’s warehouses should be located in convenient places that are easily accessible by water transport. The most convenient locations are near the Vietnamese local distribution centers that are definitely access ible by some sea freight. Much of the products should be shipped through the sea while a small proportion of the shipment can be through the air. Advertisement and promotions are a better means of ensuring that the company captures a large market share in the Vietnam market. It was noted that the consumers in Vietnam are highly sensitive to advertisement and promotion of new products. Reference List Amnesty International. 2010. Amnesty International testimony on religious and human rights situation in Vietnam. Web. Available from: http://tlhrc.house.gov/docs/transcripts/2010_08_18_Vietnam/Testimonies/T_Kumar_Amnesty_Testimony.pdf . Citigroup. 2011. Vietnam tops 11 fastest-growing countries by 2050: report (Online) Available from http://en.stockbiz.vn/News/2011/3/2/186079/vietnam-tops-11-fastest-growing-countries-by-2050-report.aspx Davis, T., 2005. Using the Bulk Wine Market to Explain Oversupply in the Australian Wine Industry. Journal of Wine Research, Vol. 16, No. 3, pp. 249â₠¬â€œ258. Web. Available from: http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?hid=9sid=2ee6dd76-0191-4806-a1e2-9788540c2ddf%40sessionmgr13vid=8 . Diep, A., 2011. Vietnam’s market for Australian wine. Web. Available from: http://www.dynamicexport.com.au/articles/markets/vietnams-market-for-australian-wine-6821/ . Ghemawa, P., 2007. Redefining global strategy: crossing borders in a world where differences. NY: Harvard Business Press. Web. Available from: https://books.google.com/books?id=8iPXgr7oJ9MCprintsec=frontcoverdq=Global+Strategyhl=enei=waB0Tfz6Fsio8QOakaGvCAsa=Xoi=book_resultct=book-preview-linkresnum=4ved=0CD4QuwUwAw#v=onepageq=Australiaf=false Griffin, J., 1996. The art and science in modern Asian wines. Asian Business Review, Jun96. Web. Available from: http://web.ebscohost.com/ehost/detail?hid=17sid=3da6105a-25cf-45a2-b851-c2edeab4d836%40sessionmgr112vid=4bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bthAN=9607096112 . Kutz, R., 2004. To Franchise, Or Not To Franchise. I nc, Vol. 26, Issue 2, p34-36. Web. Available from: http://web.ebscohost.com/ehost/detail?hid=107sid=2ee6dd76-0191-4806-a1e2-9788540c2ddf%40sessionmgr13vid=9bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=a9hAN=11916480 Peng, M. W., 2009. Global Strategy. Second edition. Ohio: South-Western Cengage. Web. Available from: https://books.google.com/books?id=EizYm46Kv_ACprintsec=frontcoverdq=Global+Strategyhl=enei=waB0Tfz6Fsio8QOakaGvCAsa=Xoi=book_resultct=book-preview-linkresnum=1ved=0CC8QuwUwAA#v=onepageq=Franchisingf=true . Peterson, J. et al. 2000. Chain Stocktake of some Australian Agricultural and Fishing Industries. Bureau of Rural Sciences, Canberra. Web. Available from: http://adl.brs.gov.au/brsShop/data/PC12761.pdf . Spinelli, S. et al. 2004. Franchising: pathway to wealth creation. Upper Saddle River: FT Press. Web. Available from: https://books.google.com/books?id=xqiwiTz_iF4Cprintsec=frontcoverdq=franchisinghl=enei=DJJ0TeTOJsrxsgbe1KGEDgsa=Xoi=book_resultct=book-preview-linkresnum=1ve d=0CDsQuwUwAA#v=onepageqf=true . 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Sunday, November 24, 2019

Horror Films and Their Appeal essays

Horror Films and Their Appeal essays Though Im a fan of most film genres, watching anything horrific usually isnt my top choice. Of course I will occasionally sit down to view something along the lines of Dawn of the Dead, as King mentioned in his article which, ironically, also happens to be the most recent horror film Ive seen I most certainly will not enjoy it; not as I would an action film, or better yet, a comedy. If I were to attempt to describe how I reacted to my first horror film, it would be a fight with my memory to recall the experience. Instead, Ill describe what its like to go see horror films in todays day and age. As the years pass, films are being created with more and more special effects to enhance the audiences viewing experience. Blood no longer looks like ketchup; human remains no longer resemble pieces of plastic covered in ketchup. Our fantasy is taking a surprisingly unfortunate turn. The undead have begun to look like real flesh and blood; still, dead, of course. I believe that this will have more of an impact on my generation and the next because of its realistic appeal. As a level-headed human being, I can say that Im unaffected by these films because, even after the curtains close and I venture home, moral remains unchanged. Shooting your neighbor is illegal no matter how much he resembles a zombie you saw in the theatre beating animals is inhumane, and so forth. When I go to see horror films I dont have to suppress the urge to go on a murderous rampage. The urge is simply not there. However, I do sit contently in my chair, sometimes curling up into a ball in fear of being killed myself! There is some truth in what King wrote in his article, but for the most part, I disagree. Sure, we all have felt rage to some degree Id say driving behind people who ignore the minimum speed limit gets me dangerously close to a murderous rage b...

Thursday, November 21, 2019

Fair or unfair Case Study Example | Topics and Well Written Essays - 250 words

Fair or unfair - Case Study Example Monitoring employees for the time spent off tasks without being informed, creates more conflicts because employees are also human beings and they get sick or family emergencies. Employees should be informed so that they are aware of all the consequences of every action committed. The most effective way of improving this policy would be to inform of the monitoring process. As an employee, I am obligated to follow the rules stipulated by the company in which I work. It is a fair policy to have company computers and email accounts monitored. It is not surprising to see some employees using emails and computers at work for inappropriate activities such as watching movies and gossiping on face book. Tracking employee activity on comp-any computers is the only effective way of ensuring that everyone works and harassment of clients or employees does not take place. Implementing email policies and company computers that protect the privacy of employees, clients and business interests is critical for all companies (Paschal, Stone and Stone-Romero 503). As a Quality Textbook Inc sales representative, in a demanding job, it is only appropriate that the company implements a policy that is fair. Having a car and a phone tracked during the work hours is appropriate, but after work hours is an unfair move. According to Cain’s message in the podcast, embracing technology also means that we embrace the idea of being tracked. I agree that tracking of the car and phones to avoid violation of company rules and wastage of resources such as fuel is appropriate, but the problem is tracking employees during their non-work hours. If employees are to be monitored and tracked, it should be done the right way, which does not infringe on their privacy (McNall and Stanton 230). Since it is vital to track employees for this company, a revision of this policy would be appropriate. The policy should include options where employees have the ability

Wednesday, November 20, 2019

Tomorrow and Tomorrow and Tomorrow Essay Example | Topics and Well Written Essays - 2500 words

Tomorrow and Tomorrow and Tomorrow - Essay Example The author addresses materialism and vanity thematic issues prevalent in the contemporary society and in the process makes the story relevant that resonates with modern literary readers. To pass his message, Kurt Vonnegut manipulates factors that include the setting and the placement of the story to validate the desired fictional plot. This paper puts into perspective aspects of the themes to understand how the author portrays his message. Through the thematic issues he addresses, he does not only earn respect among his target audience but also provides a sharp criticism of his society. Analysis The story depicts the theme of materialism. In this case, the characters strive to obtain clothes, riches, and revamp technology in order to live longer and in the process get wealth wherever possible. The Gramps face similar problems because the number of descendants outweighs the family resources. Analytically, it is easy to state that Gramps demands the best and the biggest of every share. The numerous children on the other hand strive to impress the old man in order for him to consider them in his will, which he has used all along to blackmail them. He revises the will frequently making it difficult for the children to determine any concrete share of inheritance. The descendants strive to appease the old man since only such an action would earn them favor from the old man who coincidentally is not about to die. He maintains a claim in his wealth owing to his long life. The fact that he is even considering taking the age reversing drugs makes the situation even more precarious since he will need the wealth even more. The author puts into use suspense to heighten the theme of materialism in the short story extensively. Suspense refers to a literary style in which the author reveals relative details in the story leaving the author contemplating other subsequent actions in the story. This leaves the audience always willing they had more detail in the story. Additionally , suspense is a style used to sustain readership in either stories or films. The author manipulates the feature by providing relative amount of detail often leaving the reader to imagine the growth of such actions in the story. The author ends the story in such a state thus leaving the audience imagining the future of the society. The short story ends with the discovery of yet another better drug that will make people younger. The current state of the society is appalling as people struggle for the scarce resources. Various literary analysts have criticized the author’s exposure of materialism, which they hold he claims the society if greedy. However, there are those who laud his efforts to earn respect from his audience. This helps in adding value to the story both in the early society and in the contemporary society as explained in this discourse. Kurt Vonnegut adopts his title tomorrow and tomorrow and tomorrow from William Shakespeare’s tragedy Macbeth. The author uses the adopted line from Shakespeare to create suspense from the title of the story. The setting of the story by Vonnegut is in New York City in 2158 AD. The story revolves around the Schwartz family led by Harold, a one hundred and seventy-two year old man commonly referred to as Gramps. The discovery of medicine dubbed Anti-Gerasone causes panic in the American society including other European

Sunday, November 17, 2019

E-commerce in International Marketing Essay Example | Topics and Well Written Essays - 1000 words

E-commerce in International Marketing - Essay Example If you pay via cash, check, credit card, etc. The major difference between the two is that in E-Business a firm is utilizing web based resources to promote its products and in E-Commerce the company is only operating virtually using a web based interface to interact with its customers. International Marketing differs in E-business and E-Commerce. As in E-Business a firm might not be catering to all the countries with the same website, but in E-Commerce a firm needs to change its catalog only according to the products that it's offering to different countries. For example in E-Commerce a product might be available for the customers of U.S. but not for the customers of Canada hence customers from different countries need to specify their country in order to be able to see what's available to them. Likewise if a product is marketed in E-Commerce internationally, only the common aspects of the international markets its being sell to are used in making an international marketing strategy. But in E-Business the company can create different websites for different international markets it's selling in; hence E-Business in international marketing differs from country to country. ... Other factors that play a part are the demand, supply of that product and whether it's a necessity or a luxury product. The technological infrastructure should be efficient in delivering automated replies to customers, it should provide necessary and related information to the customer. The infrastructure should provide backup in time of problems. When developing an internet marketing strategy in relation to international marketing its important to considered some aspects of the market. The most important is to design the website using the language of the country. Other aspects include making web advertisements according to the cultures and norms of the country that the market belongs to this can be achieved by viewing the local websites of the market. Internet can play a major part for any organization in achieving its objective in the international market for marketing its product. This source of marketing is cheaper and more effective as more people surf the internet. It's easier for the customers to learn about the organizations product sitting at home. On television a viewer can only watch but on internet the customer can get answers to his or her questions apart from viewing information about the product. Another important concept is the language factor a if a website can be viewed by an international customer in his or her own language than he will get a better understanding of the product. Ans.3 As I have to explore and implement various ways of E-Business for my organization, the first step would be to know about the markets that have high demand for our products. The second step would be to select markets that have technological support

Friday, November 15, 2019

Telecommunications Industry Overview

Telecommunications Industry Overview Telecom Sector Global Perspective Components and factors responsible behind the growth of telecommunications industry Two major factors responsible for the growth of telecommunications industry are use of modern technology and market competition. One of the products of modern technologies is optical fibers, which are being used as a medium of data transmission instead of using coaxial or twisted pair cables. Optical fibers can carry a high volume of data and are easier to maintain and install. Use of communication satellites makes this telecommunications industry a booming industry. The use of mobile network has a crucial role behind the growth of an improved telecommunications industry. Leading companies are showing their interest to invest in this telecommunications industry. Telecommunications industry is going to be a digitized one. Use of ISDN (Inter Services Digital Network) makes this telecommunication industry a total digitalized system and eventually enhanced the speed and quality of digital communication. Economical aspect of telecommunication industry World telecom industry is taking a crucial part of world economy. The total revenue earned from this industry is 3 percent of the gross world products and is aiming at attaining more revenues. One statistical report reveals that approximately 16.9% of the world population has access to the Internet. Present market scenario of world telecom industry Over the last couple of years, world telecommunication industry has been consolidating by allowing private organizations the opportunities to run their businesses with this industry. The Government monopolies are now being privatized and consequently competition is developing. Among all, the domestic and small business markets are the hardest. Market potentiality of world telecommunication industry The world telecommunications market is expected to rise at an 11 percent compound annual growth rate at the end of year 2010. The leading telecom companies like ATT, Vodafone, Verizon, SBC Communications, Bell South, Qwest Communications are trying to take the advantage of this growth. These companies are working on telecommunication fields like broadband technologies, EDGE(Enhanced Data rates for Global Evolution) technologies, LAN-WAN inter networking, optical networking, voice over Internet protocol, wireless data service etc. Top Global Telecom Players NAME ABOUT THE COMPANY SUBSCRIBERS in millions (09) REVENUE (in US billion$) China Mobile State owned Company, one of the 2 mobile phone monopolies in China Over 508 16.115 Vodafone Group Britains largest Telecom operator Over 427 68.32 Telefà ³nica, S.A. Multinational Company with stakes in Spain, Latin America Europa. Owns the O2 Brand Over 210 72.13 Amà ©rica Mà ³vil Mexican Operator. Controlled by the worlds richest man Carlos Slim Over 201 30.2 Telenor Group The company has a strong footprint in Central and Eastern Europe and Asia with over 40,000 employees. Over 172 15.73 Deutsche Telekom AG German telecom Company. Also owns t-mobile. Over 150 82.13 China Unicom China Unicom (BVI) Limited effectively holds 40.92% of the company and China Netcom Group (BVI) Limited holds 29.49%, while the remainder is traded on the Shanghai, Hong Kong and the New York stock exchanges. Both majority shareholders are state controlled enterprises. Over 186 14.62 TeliaSonera AB Offer services in 20 markets in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain. Over 150 15.04 France Tà ©là ©com S.A. It is the main telecommunication company in France, the third largest in Europe. It currently employs about 180,000 people worldwide. Over 193 68.08 Bharti Airtel One of Asias leading integrated telecom services providers with operations in 19 countries across Asia and Africa. Zain is the new acquisition. Over 124 7.254 Mergers Acquisition Mergers and acquisitions (MA) and corporate restructuring are a big part of the corporate finance world. Every day, Wall Street investment bankers arrange MA transactions, which bring separate companies together to form larger ones. When theyre not creating big companies from smaller ones, corporate finance deals do the reverse and break up companies through spinoffs, carve-outs or tracking stocks. Not surprisingly, these actions often make the news. Deals can be worth hundreds of millions, or even billions, of dollars. They can dictate the fortunes of the companies involved for years to come. For a CEO, leading an MA can represent the highlight of a whole career. And it is no wonder we hear about so many of these transactions; they happen all the time. Next time you flip open the newspapers business section, odds are good that at least one headline will announce some kind of MA transaction. Sure, MA deals grab headlines, but what does this all mean to investors? To answer this quest ion, this tutorial discusses the forces that drive companies to buy or merge with others, or to split-off or sell parts of their own businesses. Once you know the different ways in which these deals are executed, youll have a better idea of whether you should cheer or weep when a company you own buys another company or is bought by one. You will also be aware of the tax consequences for companies and for investors. Defining MA One plus one makes three: this equation is the special alchemy of a merger or an acquisition. The key principle behind buying a company is to create shareholder value over and above that of the sum of the two companies. Two companies together are more valuable than two separate companies at least, thats the reasoning behind MA. This rationale is particularly alluring to companies when times are tough. Strong companies will act to buy other companies to create a more competitive, cost-efficient company. The companies will come together hoping to gain a greater market share or to achieve greater efficiency. Because of these potential benefits, target companies will often agree to be purchased when they know they cannot survive alone. Distinction between Mergers and Acquisitions Although they are often uttered in the same breath and used as though they were synonymous, the terms merger and acquisition mean slightly different things. When one company takes over another and clearly established itself as the new owner, the purchase is called an acquisition. From a legal point of view, the target company ceases to exist, the buyer swallows the business and the buyers stock continues to be traded. In the pure sense of the term, a merger happens when two firms, often of about the same size, agree to go forward as a single new company rather than remain separately owned and operated. This kind of action is more precisely referred to as a merger of equals. Both companies stocks are surrendered and new company stock is issued in its place. For example, both Daimler-Benz and Chrysler ceased to exist when the two firms merged, and a new company, DaimlerChrysler, was created. In practice, however, actual mergers of equals dont happen very often. Usually, one company wil l buy another and, as part of the deals terms, simply allow the acquired firm to proclaim that the action is a merger of equals, even if its technically an acquisition. Being bought out often carries negative connotations, therefore, by describing the deal as a merger, deal makers and top managers try to make the takeover more palatable. A purchase deal will also be called a merger when both CEOs agree that joining together is in the best interest of both of their companies. But when the deal is unfriendly that is, when the target company does not want to be purchased it is always regarded as an acquisition. Whether a purchase is considered a merger or an acquisition really depends on whether the purchase is friendly or hostile and how it is announced. In other words, the real difference lies in how the purchase is communicated to and received by the target companys board of directors, employees and shareholders. The Deal Start with an Offer When the CEO and top managers of a company decide that they want to do a merger or acquisition, they start with a tender offer. The process typically begins with the acquiring company carefully and discreetly buying up shares in the target company, or building a position. Once the acquiring company starts to purchase shares in the open market, it is restricted to buying 5% of the total outstanding shares before it must file with the SEC. In the filing, the company must formally declare how many shares it owns and whether it intends to buy the company or keep the shares purely as an investment. Working with financial advisors and investment bankers, the acquiring company will arrive at an overall price that its willing to pay for its target in cash, shares or both. The tender offer is then frequently advertised in the business press, stating the offer price and the deadline by which the shareholders in the target company must accept (or reject) it. The Targets Response Once the tender offer has been made, the target company can do one of several things: Accept the Terms of the Offer If the target firms top managers and shareholders are happy with the terms of the transaction, they will go ahead with the deal. Attempt to Negotiate The tender offer price may not be high enough for the target companys shareholders to accept, or the specific terms of the deal may not be attractive. In a merger, there may be much at stake for the management of the target their jobs, in particular. If theyre not satisfied with the terms laid out in the tender offer, the targets management may try to work out more agreeable terms that let them keep their jobs or, even better, send them off with a nice, big compensation package. Not surprisingly, highly sought-after target companies that are the object of several bidders will have greater latitude for negotiation. Furthermore, managers have more negotiating power if they can show that they are crucial to the mergers future success. Execute a Poison Pill or Some Other Hostile Takeover Defense- A poison pill scheme can be triggered by a target company when a hostile suitor acquires a predetermined percentage of company stock. To execute its defense, the target company grants all shareholders except the acquiring company options to buy additional stock at a dramatic discount. This dilutes the acquiring companys share and intercepts its control of the company. Find a White Knight As an alternative, the target companys management may seek out a friendlier potential acquiring company, or white knight. If a white knight is found, it will offer an equal or higher price for the shares than the hostile bidder. Mergers and acquisitions can face scrutiny from regulatory bodies. For example, if the two biggest long-distance companies in the U.S., ATT and Sprint, wanted to merge, the deal would require approval from the Federal Communications Commission (FCC). The FCC would probably regard a merger of the two giants as the creation of a monopoly or, at the very least, a threat to competition in the industry. Closing the Deal Finally, once the target company agrees to the tender offer and regulatory requirements are met, the merger deal will be executed by means of some transaction. In a merger in which one company buys another, the acquiring company will pay for the target companys shares with cash, stock or both. A cash-for-stock transaction is fairly straightforward: target company shareholders receive a cash payment for each share purchased. This transaction is treated as a taxable sale of the shares of the target company. If the transaction is made with stock instead of cash, then its not taxable. There is simply an exchange of share certificates. The desire to steer clear of the tax man explains why so many MA deals are carried out as stock-for-stock transactions. When a company is purchased with stock, new shares from the acquiring companys stock are issued directly to the target companys shareholders, or the new shares are sent to a broker who manages them for target company shareholders. The shar eholders of the target company are only taxed when they sell their new shares. When the deal is closed, investors usually receive a new stock in their portfolios the acquiring companys expanded stock. Sometimes investors will get new stock identifying a new corporate entity that is created by the MA deal. Why They Can Fail Its no secret that plenty of mergers dont work. Those who advocate mergers will argue that the merger will cut costs or boost revenues by more than enough to justify the price premium. It can sound so simple: just combine computer systems, merge a few departments, use sheer size to force down the price of supplies and the merged giant should be more profitable than its parts. In theory, 1+1 = 3 sounds great, but in practice, things can go awry. Historical trends show that roughly two thirds of big mergers will disappoint on their own terms, which means they will lose value on the stock market. The motivations that drive mergers can be flawed and efficiencies from economies of scale may prove elusive. In many cases, the problems associated with trying to make merged companies work are all too concrete. Flawed Intentions For starters, a booming stock market encourages mergers, which can spell trouble. Deals done with highly rated stock as currency are easy and cheap, but the strategic thinking behind them may be easy and cheap too. Also, mergers are often attempt to imitate: somebody else has done a big merger, which prompts other top executives to follow suit. A merger may often have more to do with glory-seeking than business strategy. The executive ego, which is boosted by buying the competition, is a major force in MA, especially when combined with the influences from the bankers, lawyers and other assorted advisers who can earn big fees from clients engaged in mergers. Most CEOs get to where they are because they want to be the biggest and the best, and many top executives get a big bonus for merger deals, no matter what happens to the share price later. On the other side of the coin, mergers can be driven by generalized fear. Globalization, the arrival of new technological developments or a fas t-changing economic landscape that makes the outlook uncertain are all factors that can create a strong incentive for defensive mergers. Sometimes the management team feels they have no choice and must acquire a rival before being acquired. The idea is that only big players will survive a more competitive world. The Obstacles to making it Work Coping with a merger can make top managers spread their time too thinly and neglect their core business, spelling doom. Too often, potential difficulties seem trivial to managers caught up in the thrill of the big deal. The chances for success are further hampered if the corporate cultures of the companies are very different. When a company is acquired, the decision is typically based on product or market synergies, but cultural differences are often ignored. Its a mistake to assume that personnel issues are easily overcome. For example, employees at a target company might be accustomed to easy access to top management, flexible work schedules or even a relaxed dress code. These aspects of a working environment may not seem significant, but if new management removes them, the result can be resentment and shrinking productivity. More insight into the failure of mergers is found in the highly acclaimed study from McKinsey, a global consultancy. The study concludes that companies often focus too intently on cutting costs following mergers, while revenues, and ultimately, profits, suffer. Merging companies can focus on integration and cost-cutting so much that they neglect day-to-day business, thereby prompting nervous customers to flee. This loss of revenue momentum is one reason so many mergers fail to create value for shareholders. But remember, not all mergers fail. Size and global reach can be advantageous, and strong managers can often squeeze greater efficiency out of badly run rivals. Nevertheless, the promises made by deal makers demand the careful scrutiny of investors. The success of mergers depends on how realistic the deal makers are and how well they can integrate two companies while maintaining day-to-day operations. Conclusion One size doesnt fit all. Many companies find that the best way to get ahead is to expand ownership boundaries through mergers and acquisitions. For others, separating the public ownership of a subsidiary or business segment offers more advantages. At least in theory, mergers create synergies and economies of scale, expanding operations and cutting costs. Investors can take comfort in the idea that a merger will deliver enhanced market power. By contrast, de-merged companies often enjoy improved operating performance thanks to redesigned management incentives. Additional capital can fund growth organically or through acquisition. Meanwhile, investors benefit from the improved information flow from de-merged companies. MA comes in all shapes and sizes, and investors need to consider the complex issues involved in MA. The most beneficial form of equity structure involves a complete analysis of the costs and benefits associated with the deals. Telecom Sector Overview INDIA Sub Base: 635.51 mn second largest market Wireless Penetration: 53.77% lowest in the world HHI Index: very high one of the most competitive market Prepaid Base: 96% one of the highest in the world Usage per sub per month: Minutes: 480 one of the highest ARPU: US$ 4.6 one of the lowest Rate per minute: US$ 0.01 one of the lowest in the world VAS:-11.6% One of the lowest Wireless Market Structure Subscriber Trends Customer Market Share (CMS) About Bharti Airtel BhartiAirtel, a leading mobile service provider in India is Bharti Enterprises flagship company. According to Forbes Global 2000 list, BhartiAirtel, Indias pioneering private telecommunication service provider is ranked no. 826. This integrated telecom service provider operates three strategic business units covering 23 telecommunication circles. These 3 strategic businesses are mobile business, enterprise business, and Airteltelemedia business. Their mobile business comprising fixed wireless and mobile services is spread over 23 telecom circles, whereas their Airteltelemedia business provides telephone and broadband services to clients in 94 cities. International and domestic long distance services and end to end telecommunication solution for companies are included in Airtel enterprise business. Brief history BhartiAirtel was established as Bharti Tele-Ventures Limited in 1985. This telecommunication company is a joint stock holding enterprise headquartered in New Delhi. BhartiAirtel, commonly called Airtel is among largest mobile service operator with a subscriber base of nearly 75 million. Airtel has a submarine cable landing station in Chennai connecting this South Indian city to Singapore. Products and services Services offered by BhartiAirtel can be classified into the following: Mobile services Based on number of customers BhartiAirtel is largest mobile service operator in India. This company offers mobile services based on GSM technology. For convenience of its customers BhartiAirtel has both pre- paid and post-paid facilities. Enterprise business BhartiAirtel provides integrated services comprising mobile, telephone, broadband, data and connectivity services internationally as well as nationally for small, medium and large scale enterprises. Its carrier service provides network connectivity through optic fiber over a distance of more than 35,000 km. BhartiAirtel is a member of South East Asia Middle East Western Europe 4 consortiums which include 15 global telecommunication service providers. AirtelTelemedia Services This Company offers high speed broadband services through landlines in 94 cities. Financials BhartiAirtel till March 2008 had assets worth US $6.61 billion. During period between April 2007 March 2008, it achieved sales amounting to US $6.61 billion and profits of US $0.94 billion. Awards and recognition BhartiAirtel was adjudged Best Carrier India at 2008 Telecom Asia. It was recognized as Best Cellular Service Provider and Best Broadband Service Provider at VD 100 awards for 2008. In 2007, BhartiAirtel won Business Leadership Award from NDTV Profit. BHARTI AIRTELS ROADMAP The management of BhartiAirtel Ltd is led by ManojKohli who planned to introduce affordability and high usage in its African portfolio which is currently a high price environment (with tariffs in some markets as high as Europe/US according to Bharti). Some of the key points about replicating Indian Wireless business model in Africa that are in favor of Airtel are, Bhartis 15-country portfolio has a population is 459m as of June 2010. Share of population living in urban areas in Africa is ~40% according to Bharti and expected to grow to 40%. This compares to 30% of Indias population living in urban areas. The youth population in Africa accounts for a fourth of the global youth and had a median age of 17-18 years. The working population is estimated to be higher than that in China and the middle class is 400m people, expected to growth to 500m. GDP growth in 27 economies in Africa is 5%+. BhartiAirtel stressed that governments had received Bharti well in Africa and that some officials stated that Bhartis plans are in-line with their own. Current Wireless penetration adjusting for Multiple SIMs is around 24%. Operators have 20MHz of 2G spectrum and 10MHz of 3G (those who do) which Bharti stated implies little room for more competitors. COMPANIES OF BHARTI ENTERPRISES BhartiAirtel: BhartiAirtel is Indias leading provider of telecommunications services. The company provides GSM mobile services across India in 23 telecom circles and broadband telephone services in 90 cities. Bharti Teletech Ltd.: Bharti TeleTech manufactures and exports world-class telecom equipment under the brand Beetel. It is the only Indian telephone company to be present in 30 countries mapping 5 continents. The companys product range include Basic Telephones, Caller ID Phones, Caller ID Boxes, Cordless Phones, 2.4 GHz Digital Cordless Phones, DECT 1.8 GHz Phones, and Set Top Boxes. Telecom Seychelles Ltd: Telecom Seychelles Ltd provides comprehensive telecom services including GSM Cellular, PSTN (Fixed Lines), Fax and Data, International Roaming, connectivity to Internet Services, Maritime Telecom Services (INMARSAT) and International Collect and Credit Card calling, in Seychelles, under the brand Airtel. BhartiTelesoft Ltd: BhartiTelesoft Ltd provides value added services and solutions to wireless and wireline carriers worldwide. BhartiTelesoft Ltd ha deployed products and solutions in 25 countries to over 100 network, and has a customer base of 150 million across 5 continents. TeleTech Services (India) Ltd: TeleTech Services (India) Ltd is a joint venture between TeleTech Holdings, Inc., worlds leading full-service provider of business process outsourcing and Bharti TeleTech Ltd. The company offers offer the entire spectrum of front-to-back-office business processes ranging from voice and non-voice customer support, back office administration (including credit and collections, account maintenance, application processing, claims processing, asset management, document management etc.), sales and marketing (including database marketing, marketing support, web sales and marketing etc.) to global customers. FieldFresh Foods Pvt Ltd: FieldFresh Foods (P) Ltd is an equal partnership venture between Bharti Enterprises and ELRo Holdings India Ltd, an investment company of the Rothschild family. The company provides premium quality fresh produce to the markets worldwide and promotes world class standards for agricultural practices, progressive farming techniques identification and adoption of appropriate technologies. Bharti Retail Pvt Ltd: Bharti Retail Pvt Ltd. is a 100% subsidiary of Bharti Enterprises. Bharti Retail is planning to launch its retail outlets in multiple consumer friendly formats in several cities across India African Telecom Sector It is one of the best penetrating opportunities for the global telecom players is the telecom market in Africa. In Asia, Europe, North America, the telecom sector is approaching a saturation point. The growth in these areas will be comparatively slower. The companies always look for the maximization of profit, whether it may be through cutting down of cost or increasing the sales. If the market reaches a saturation point then there is no opportunity to increase the sale. And if the company cannot decrease the cost then it will try either to diversify or to expand its grip in the global market. If the areas like North America, Asia and Europe are already in a saturation point then the next growing market for the global player will be Africa continent. Some of the major players in the telecom sectors of Africa are MTN, Zain, Vodacom, STC etc. Since the processes of liberalization and privatization have been taken into consideration by African countries such as Uganda, Tanzania, Nigeria, The Sudan, South Africa and Kenya, their telecommunication infrastructures have improved drastically. Many African governments have developed their telecommunication infrastructure by privatizing their former state-owned enterprises. So these open up the stage for global players to perform in it. Africa has become the fastest growing mobile-network market during last five years. The mobile user base has increased to more than 82 million in Africa. A survey by Ernst Young shows that between 2002-07, the industry grew by 49.3 percent as opposed to Asia which recorded a 27.4 percent growth. This reports estimate growth of the industry almost doubles that of Brazil which stood at 28 percent in the same period and is almost seven times the growth of France which grew at 7.5 percent over the same time. Even there was a report by The World Bank in which it mentioned that Afro-nations like Kenya have 95% of mobile network penetration and coverage gap of only 5%. Thus making it an attractive market to lure some of the major player from the world. Lets think a bit over this scenario. Why the Afro mobile market is developing so late and faster than any area that used to be at the same period of time. In 2004, only 6% of the African citizen owned mobile. The supply side was much higher than the demand side. And the prices dropped, but made the African mobile network market a huge potential market for the global players. They produced low cost and user-friendly phones and network plans to attract more and more customer so that the company can increase its customer base. But there some other criteria or which we also call as external environment of a company which affects a company to operate in that area. The Law of Land also affects the company to design its operation in a country. They may be the tax-policy, the FDI policy of the government, the policy regarding and regulating the telecom sectors etc. Because of these regulations, there are many Afro-nations like South Africa which hold a huge potential market. In South Africa, there are only three players in telecom network market. The heavy tax burden on both the operator and consumer is the major challenge for the industry, with an average taxation on the operators profits standing at 30%. For example, in Kenya, people pay tax of 26% on mobile communication and the operator pay the remaining 4%. The total tax paid is 30%. But still the government of these nations opines that the industry is highly profitable, despite of the fact that return on investment could be delayed due to poor infrastructure. The Afro-nation doesnt have the apt infrastructure or the geographical hindrances as well as the population is scattered. The main problem lies with the electric infrastructure. The company has to keep more than 2000 standby generators because of frequent power failure. On of the company operating in Kenya, Safaricom spends over KShs 171 million on diesels due to lack of power supply. This makes the cost of investment much high in comparison to the other area. The operating cost of the company is high in this area because of frequent power cut and even the tax rate is also high, thus bringing down the profit of the company. But it may be the future scenario of these countries which lures the global players. The company may sustain the loss in the short-run but it may earn profit in the long-run. Because the economy of Afro-nations are growing at a remarkable rate and the infrastructure are also gradually increasing. So it may in the long-run be aptly developed so as to favor the network industry. Moreover this is the entry level of the network sector in Africa as it is developing but once it get saturated the threat to entrants decreases because if they enter in to the segment, they will not find any extras to lure the customers. African Wireless Market Customer base: 36.36 Mn Perfomance Indicators: Revenue: 9,583 Mn EBITDA: 2,635 Mn Prepaid Base: 99.3% à ¯Ã†â€™Ã‚  one of the highest in the world Usage per sub per month: 103 Minutes à ¯Ã†â€™Ã‚  one of the lowest ARPU: ~US$ 7.4 à ¯Ã†â€™Ã‚  one of the competitive market Rate per minute: ~US ¢ 7.2 à ¯Ã†â€™Ã‚  one of the highest in the world VAS: ~7.9% à ¯Ã†â€™Ã‚  one of the lowest Emerging Market Characteristics in India Africa: Source: Airtel Investor Presentation Aug 2010 About Zain Zain is a Kuwait based company started under the name of Mobile Telecommunication Company (MTC) in 1983 and was later rebranded to ZAIN in 2007. Zain has present operation in 25 countries covering 17 countries in Africa and 8 countries in Middle-East, with a estimated workforce of 15000. As on February 2010, about 60% of the Zain customers are in Africa contributing only 15% to the net profit of Zain. Zain has a total of 65 million customers. Out of which 39 million customers are from Africa. The eight countries in Middle-East where Zain has it Operation are Bahrain, Iraq, Jordan, Kuwait, Saudi Arab, Lebanon, Palestine and Sudan, It has its operation in Lebanon under the brand name of MTC TOUCH. The seventeen countries which comprises of the members of the Zains Operative family in Africa are Burkina Faso, Chad, Democratic Republic of Congo, Republic of Congo, Gabon, Ghana, Kenya, Madagascar, Malawi, Niger, Nigeria, Sierra Leona, Tanzania, Uganda, Zambia and Morocco. Mr. Nabeel Bin S alamah is the CEO of the Zain Groups and Mr. Barak Al-Sabeeh is the chairman of the board of Director of the company. FINANCIAL FIGURES OF ZAIN Revenue : US$ 7.441 Billion Net Income :US$ 1.196 Billion Overview 4th largest mobile operator in the world in terms of geographic footprint, with a commercial presence in 23 countries 580 Million+ people under l

Tuesday, November 12, 2019

Jonathan Livingston Seagull Essay

â€Å"Never try to be better than anyone else†¦but always try to be the best you can be. The gulls who scorn perfection for the sake of travel go nowhere slowly. Those who put aside travel for the sake of perfection go anywhere instantly. † Elder gull Chiang to Jonathan Livingston Seagull on the need to be our best. And he is a seagull, so it must be true. (Bach, 1970) â€Å"Seagulls, as you know, never falter, never stall. To stall in the air is for them disgrace and it is dishonor. † (Bach, 1970). Similarly policemen should not never shirk their duties and never fail to uphold their code of honor because in doing so they dishonor, not only themselves but also the whole police department. â€Å"†¦ for his reckless irresponsibility† the solemn voice intoned, â€Å"violating the dignity and tradition of the Gull Family†¦ † (Bach, 1970) A policeman must never indulge in irresponsible and reckless behavior as it violates the integrity and honor of the whole police department. â€Å"Life is the unknown and the unknowable, except that we are put into this world to eat, to stay alive as long as we possibly can. † (Bach, 1970) Life in the criminal world is also unknown as a policeman can never know for sure what crime he might have to go prevent or remedy. He is put in place to protect his fellow human beings and that alone is his purpose. in doing that he must put his life at stake, even though he may have a family back home. Duty comes above all. However, if he sees any discrepancy in the department he is working for, he should honor the code of humanity and stand up against it. He must not be afraid to take risks for the betterment of his department and for the protection of the people. For the general good he must take a stand against injustice, just the way Jonathan Livingston Seagull did. He must not follow the discrimination practiced by the flock’s but instead be open to new and innovative ideas to fight crime. Much of the popularity of Richard Bach’s Jonathan Livingston Seagull in the early 1970s surely lay in the spiritualization of sheer technique, as the gull, training for faster, more perfect flight, transcended his physical limits and became immortal. On a more banal plane there is some parallel in the distinctively American use of terms like â€Å"goals† and â€Å"personal objectives. † â€Å"I have set new goals for myself† often refers to quite material and short-run plans, but it has the headiness of moral purpose. Here, as in the presidential rhetoric, ideas of vigor and effectiveness are strongly bound up with motion: the achieving individual, like the nation, needs a shining locomotive to pull himself on. Bach’s book is a kind of fable and the highest-ranking American work of fiction on the list, is anything but a violent suspense. Exiled from his flock for daring to fly for the joy of it, rather than following the dignified Gull family tradition, Jonathan discovers that his purpose in life is to help others find perfection. Nativistic returns to nature and the â€Å"greening of America† phenomenon lured the cultured to an asylum outside the culture. The dead weight of technology was dragging spirits that sought to soar into more elevated and ethereal zones. Reductionist theories of human nature harnessed to behavioral-analysis techniques sapped what little life remained in that generation which had suffered the loss of â€Å"autonomous self. † The search for transcendence drove that generation to seek a god within, and the â€Å"Jonathan Livingston Seagull sub society† was born. (Watson, 1983) The book is the real essence of the spirit of internal motivation. The human spirit, like Jonathan Livingston Seagull, can soar. The inspiring story of the courage and persistence of a seagull can be translated into real life. Suppose Jonathan Livingston Seagull smartly runs a pattern of the following shape: ‘Duties of beneficence are not owed to all persons equally, but only to those near and dear. ‘ In answer to the first objection, it matters not at all that Jonathan is an Italian seagull: we will do better to interpret these marks with English semantics. (This is, after all, pretty lousy Italian. ) In answer to the second objection, we might better figure out to whom we owe duties of beneficence if we respect the normal English meaning of words like ‘near’ and ‘dear’ than if we try to reason our duties out ab initio. Now why might this be true? The answer is that, for many people, moral insight is more easily achieved if they reason under the guise of interpreting an authoritative text than if they reason with Sartrean self-awareness that everything is up for grabs at once. This is taken to explain the staying-power of the world’s popular religions. Despite their bizarre metaphysics, these religions give their believers authoritative moral texts the interpretation of which yields greater moral insight than believers are likely to achieve on their own. References Bach Richard. (1970) Jonathan Livingston Seagull. New York: Macmillan Co. Watson, Christine. (1983). â€Å"Jonathan Livingston Seagull. † In Survey of Modern Fantasy Literature, vol. 2. Edited by Frank N. Magill. Englewood Cliffs, NJ: Salem Press, pp. 808–810.

Sunday, November 10, 2019

Plot and Precis of the Lumber Room Essay

The text under analysis â€Å"The Lumber-room† written by Hector Munro is the problem psychological story which revolves around a little orphan Nicholas and his tyrannical and dull-witted aunt, who because of the cruel methods of education couldn’t not only find approach to children, but also understand their soul. The conflict between the aunt and the nephew as if the conflict between prose and poetry. But softness, purity and tenderness of soul of the boy could resist to staleness, misunderstanding and callousness of his aunt. The story is narrated in the 3rd person. This allows the reader to access the situation and the characters in an objective manner, because the characters are having both positive and negative viewpoints. The third person point of view is impersonal which fits the impersonal atmosphere of the household. In this text the author colorfully describes interesting childhood of the little boy whose name is Nicholas. The story begins with the exposition when the author describes one morning, when at breakfast Nicolas make a joke as a result of which he is punished. So his cousins are to be taken to Jagborough sands that afternoon and he stays at home. Nicholas’s aunt goes to work in the garden and commands him to stay out of the gooseberry garden. The Aunt is absolutely sure that the boy is determined to get into the gooseberry garden because she has told him he is not to. But despite her punishment Nicolas decides to gain his objective, and from this very moment the complication takes place. Nicholas takes the key from a shelf in the library and sneaks into the lumber room, where he is never allowed to go. He has lots of fun in the lumber room. The lumber-room is described as a storehouse of unimagined treasure. He sees lots of beautiful and strange objects, such as old ornaments, tapestries, and a teapot shaped like a duck. He finds a large square book full of colored pictures of birds. And such birds! They allow Nicholas to learn in a fun and exciting way. The conflict in the story gradually grows and flows into the climax of the text. While he is looking at a picture of a duck, the voice of his aunt came from the gooseberry garden. Nicholas finds that she has fallen into a tank of water, and refuses to help her out on the grounds that she is an alien-impostor. You may be the Evil One tempting me to be disobedient. Justice must be done. The Aunt tasted the fruit of her own punishment on the children and feels what it is like to be condemned. The denouncement reveals the author’s social comment about the differences between the world of the child and adult. Though the Aunt is furious, Nicholas is happy because he is thinking of a tapestry depicting hounds and a stag. And for all life he remembered those amazing things from the lumber-room. The plot of the story seems to me not complicated, even in spite of the fact that many events are crossed with each other. It is ordered chronologically, each episode is given with more and more emphasis. The story is full of colorful descriptions and deep feelings which the reader experiences while reading the text. To sum up, the author’s style is remarkable for its powerful sweep, brilliant illustrations and deep psychological analysis. The story reveals the author’s great knowledge of man’s inner world. He penetrates into the subtlest windings of the child heart. Character The major character of this psychological story, represented as the protagonist is an extraordinary boy Nicholas, who being an orphan is forced to live with his cousins and imperious aunt in the family which in appearance is noble and well-to-do, but as a matter of fact, the family, which frankly speaking lives much to be desired. So from the very beginning a little boy, established the reputation of an incorrigible naughty, frolicsome and absolutely disobedient child, appears in our sight. And the role of his opponent plays the antagonist, a flat character without tendency to develop, in this case, a very proud and oppressive woman, who being Nicholas’s aunt and the guardian at the same time, prevails over the boy, hankering only for one thing, namely for a total control. And suddenly we see Nicholas, the pool boy, being at the mercy of his aunt in another light. Without her tations we can say that Nicholas is a round, multidimensional character, containing a number of qualities and traits, appearing through an indirect method of characterization, so skillfully used by the Author. Into position of a lively prankster, playing practical jokes, which are nothing more, than innocent childish escapades in an attempt to have just an air of independence and fun, comes a resourceful boy with quick imagination, struggling against the great dullness and outrageous injustice. And even in very tense and hopeless situations Nicholas, having a sense of adventure and inexhaustible desire for breaking loose from wearisome reality, shows his genuine originality, proving in my opinion one of the most fantastic and fabulous ability for taking cover in our own imagination in cases, when you really free out of a place and there’s nothing to be done. We remember, that we’re obviously impressed by this clever boy, manages to evade a watchful eye of his aunt, who being a woman of impatience, great indignation and going beset only from the thought of disobedience, punishes him. To be more precise, Nicholas having no fear about resisting such a dictatorial woman, never having a nay with children and constantly being of fine with dissatisfaction, breaks her just another ridiculous prohibition and proving a little bit of sophistication finds himself in a forbidden, but so alluring room, serving for stoning milliard of ancient things, which are most likely meant for an investigative child’s mind than for everlasting vegetation in trour right for life. And exactly this truly gorgeous place bares candidly the boy’s immeasurable soul.

Friday, November 8, 2019

Implementation Plan to Prevent VAP

Implementation Plan to Prevent VAP that oral hygiene must be maintained in order to effectively eliminate VAP. According another author, a daily assessment to evaluate the levels of oral infections and functions should be implemented to make sure that practitioners provide the most appropriate care to patients. In addition, while the nursing setting may involve the use of various dental care methods, it is claimed that teeth brushing is one of the most cost-effective oral care methods that should be implemented to ensure standard oral hygiene. Teeth brushing is effective in that it prevents the formation of dental plague in all cases besides ventilator-supported patients. An author Henneman acknowledge that oral cleansing after every 2 or 4 hours promotes healing and maintains the integrity of oral tissues. He recommended the use of an alcohol-free oral antiseptic rinse to limit or prevent the bacterial load and colonization of the oropharyngeal area. Henneman argues that routinely suctioning of the mouth and pharynx is effective in the management of oral secretions, and it minimizes the risk of the oral mucosa. Some authors outline that the application of a water-based mouth moisturizer is recommended to maintain the integrity of the oral mucosa (Swearingen, 2012). Studies show that the implementation of a multifaceted strategy was more effective than single-faceted strategy in the prevention of VAP. The outlining of specific care protocols and measures enables constancy and eminence care through normalization. In the implementation of any intervention plan, it was recommend that practitioners should be able to observe current practice of oral care in patients receiving mechanical ventilation, evaluate a number of best practices, and measure the compliance of an intervention of standardized oral care. Implementation Logistics The study period intended by the author and the supporting team will be 48 months, and this duration will be divided into two stages. The first stage will be a pre-intervention stage aimed to collect data regarding staff members as well as establish areas of concern by the infection control professionals. The second stage will be on implementation, which will take exact time frame as the first stage. The first stage will involve scrutinizing of the supporting team; this will involve training recommendations for the members who will not be conversant with specific areas on oral care, VAP prevention, and the collection of data. In the second stage, implementation of the intervention stage would take effect with brief weekly meetings and monthly meetings both aimed at confirming on-time schedule and proper implementation progress (Haag-Heitman George, 2011). Resources for the Project With consideration to the time scope of the research, the project on VAP will require support from the resource personnel, such as the infection control, research nurses, pharmacists, physicians, and staff members of the MICU. The supporting team will conduct two tests, which will comprise of a pretest and a posttest, to evaluate the proficiency of the staff members. The infection control professionals will conduct a study aimed at determining the oral care constraints that may have been documented in earlier studies and how to avoid them in the current study. Data collected will be saved in a computer or computer-based devices for easy access and manipulation. While the time scope of this study is broad, the financing of the project will depend on the management resourcefulness. In addition, the members of the project are urged to be creative in promoting this initiative and sensitizing the public to help in raising funds to support this project (Mainous Pomeroy, 2010). Ethics of t he research will be observed to minimize liabilities with patients and the hospital at large. Hospital policies will be adhered to in order to avoid risks or to manage risks within a deliverable approach, which will not consume further time in creating and implementing.

Wednesday, November 6, 2019

Effect of Ethnicity in Nigeria Essay Example

Effect of Ethnicity in Nigeria Essay Example Effect of Ethnicity in Nigeria Essay Effect of Ethnicity in Nigeria Essay EFFECT OF ETHNICITY ON THE SOCIO-ECONOMIC DEVELOPMENT OF NIGERIA CHAPTER 1 1. 0 INTRODUCTION Nigeria  is  by  far  the most populated of Africa’s countries, with more than one-seventh of the continent’s people. The people belong to many different ethnic groups. These groups give the country a rich culture, but they also pose major challenges to nation building. Ethnic strife has plagued Nigeria since it gained independence in 1960. Officially known as the ‘Federal Republic of Nigeria’, she has  a  federal form of government and is divided into 36 states and a federal capital territory. Lagos, (formerly the capital of Nigeria) is the economic and cultural center located along the coast, and inhabited majorly by the Yoruba-speaking tribe. It is also the country’s largest city (in terms of population). The government moved from Lagos to Abuja in 1991 in the hope of creating a national capital where none of the country’s ethnic groups would be dominant. The  land size area  of Nigeria is approximately 923,768 sq km (356,669 sq mi). It was home to ethnically based kingdoms and tribal communities before it became a European colony. In spite of European contact that began in the 16th century, these kingdoms and communities maintained their autonomy until the 19th century. The colonial era began in earnest in the late 19th century, when Britain consolidated its rule over Nigeria. In 1914 the British merged their northern and southern protectorates into a single state called the Colony and Protectorate of Nigeria. Nigeria became independent of British rule in 1960. After independence Nigeria experienced frequent coups and long periods of autocratic military rule between 1966 and 1999, when a democratic civilian government was established Nigeria is very rich in raw materials like crude oil, tin, iron etc but is almost solely dependent on crude oil which is a major source of income for the country. While oil wealth has financed major investments in the country’s infrastructure, Nigeria remains among the world’s poorest countries in terms of per capita income. Oil revenues led the government to ignore agriculture, resulting in dependence on food importation. Fig 1. 1 MAP OF NIGERIA SHOWING THE 36 STATES 1. 1 The people of Nigeria Nigerias diversity, both in tongue and tribe makes it a very difficult region to subject to precise classification. This has led to the tendency among many scholars to focus on the three major ethnic or geographic zones in the country viz the Hausa-Fulani (Northern Nigeria), the Yoruba (Western Nigeria) and the Igbo (Eastern Nigeria). These geographic zones are not in any way solely occupied by the three ethnic groups. A plethora of smaller socio-ethnic groups may be located in these zones. The  highest  population densities are in the Igbo heartland in south-eastern Nigeria, despite poor soils and heavy emigration. The intensively farmed zones around and including several major cities of the Hausa ethnic group especially Kano, Sokoto, and Zaria in the north are also densely populated. Other areas of high density include Yorubaland in the southwest, the central Jos Plateau, and the Tiv homeland in Benue State in the south central region. Densities are relatively low in the dry northeast and in most parts of the middle belt. Ecological factors, including the prevalence of diseases such as sleeping sickness, carried by the tsetse fly, and historical factors, especially the legacy of pre-colonial slave raiding, help explain these low densities (Encarta, 2009). Table 1. 1: Statistics of Nigeria Population| 138,283,240 (2008 estimate)| Population density| 152 persons per sq km 393 persons per sq mi (2008 estimate)| Urban population distribution| 48 percent (2005 estimate)| Rural population distribution| 52 percent (2005 estimate)| Largest cities, with population| Lagos, 11,100,000 (2005 estimate) Ibadan, 3,570,000 (2007 estimate) Ogbomosho, 861,300 (2007 estimate)| Official language| English| Chief religious affiliations| Muslim, 50 percent Christian, 40 percent Indigenous beliefs, 10 percent| Life expectancy| 47. 8 years (2008 estimate)| Infant mortality rate| 94 deaths per 1,000 live births (2008 estimate)| Literacy rate| 70. 7 percent (2005 estimate)| Source: Encarta Encyclopaedia (2009) 1. 2 Social issues Wealth  and  power  are  distributed very unevenly in Nigerian society. This is due to several factors including corruption, political instability, and unemployment, amid others. The great majority of Nigerians, preoccupied with daily struggles to earn a living, have few material possessions and little chance of improving their lot. Meanwhile, chiefs, rich merchants, politicians, and high-ranking civil servants often accumulate and flaunt massive wealth, which to a degree is expected and accepted in the Nigerian society. Most of these elite maintain power through networks of patronage: They secure and distribute labour and receive political support in return. The system allows for some redistribution of income because patrons often pay for things such as school fees and marriage costs for relatives, community development, and charity work. Economic  inequality  has a severe effect on health, especially for children. One-fifth of Nigerian children die before the age of five, primarily from treatable diseases such as malaria, measles, whooping cough, diarrhea, and pneumonia. Less than one-half of infants are immunized against measles, and malnutrition affects more than 40 percent of children under the age of five. Adults are equally affected, although with less deadly consequences. Only 20 percent of rural Nigerians and 52 percent of urban Nigerians have access to safe water. One-third have no access to health care simply because they live too far from clinics or other treatment centres. Many others cannot afford the fees charged by clinics. While  average  incomes are higher and death rates lower in cities, urban poverty is as pervasive as rural poverty. Secure, well-paying jobs are scarce, even for those with considerable education. Food is typically expensive. Housing, too, is costly despite its rudimentary quality, prompting the poor to build basic houses in shantytowns. Sewage disposal systems in most cities are also basic or primitive, with polluted streams, wells, roadside drains, and other bodies of water increasing the risk of infectious disease. Industry, automobiles, and the burning of fuel-wood further pollute air and water. Crime  in  Nigeria  rose in the mid-1990s as a result of unemployment, economic decline, and social inequality, which are abetted by inefficient and corrupt police and customs forces. More than half of all offenses are thefts, burglaries, and break-ins, although armed robberies are also prominent. Nigeria is a major conduit for drugs moving from Asia and Latin America to markets in Europe and North America. Large-scale Nigerian fraud rings have targeted business people in other parts of the world. Nigeria  has  been  wracked by periodic violent clashes between ethnic and religious groups since the 1990s. The reasons behind these clashes have varied from local political disputes to conflicts between fundamentalist Muslims and Christians or moderate Muslims. In many cases, local civic or religious leaders have manipulated these conflicts for political gain. 1. 3 Ethnicity: The Ethnic Composition of Nigeria Ethnicity is a term not easily defined and for proper understanding of the concept related terms requires description; an ethnic group is regarded as an informal interest group whose members are distinct from the members of other ethnic groups within the larger society because they share kinship, religious and linguistics ties (Cohen, 1974). Ethnicism is another related concept used to denote ‘ethnic loyalty’ (Pepple, 1985). The concept of loyalty here indicates willingness to support and act on behalf of the ethnic group. Subsequently, ethnic loyalty or ethnicism usually involves a degree of obligation and is often accompanied by a rejective attitude towards those regarded as outsiders i. e. members of other ethnic group (Salawu and Hassan, 2011). Thus the term Ethnicity can be defined as the interactions among members of many diverse groups (Nnoli, 1978). It is a commonplace fact that Nigeria is a society with different ethnic groups, religions, languages, cultures and institutional arrangements. As a heterogeneous society of several ethnic groups, Nigerians are thus characterized by groups, desires, beliefs, values, customs, fears etc. These diversities in national life manifest in several ways including; music, language, culture, dance, beliefs, religion etc. The fact that over three hundred identified language groups exist in Nigeria has created some confusion as one may equate each language group with an ethnic group (Adejuyibem 1983) and thereby arrive at over three hundred ethnic groups. As Iwaloye and Ibeanu (1997) and Anugwom (1997) have argued, however, languages and ethnic groups do not necessarily coincide. One language may be spoken by more than one ethnic group and one ethnic group may have linguistic variations of the same root language. Moreover, while language may be one of the important factors for defining an ethnic group, some ethnic groups in Nigeria may have lost their original linguistic roots, while retaining their identity, as a result of intense interaction with larger socio-ethnic groups. In the same vein, many ethnic groups may use the same language to case communication, as is the case of the smaller ethnic groups in the North of Nigeria, where Hausa has become more or less a lingua franca. Therefore, it has been proven that there is no direct relationship between language and ethnic group in Nigeria. Thus, the 56 ethnic groups identified by Iwaloye and Ibeanu (1997) as the existing ethnic groups in contemporary Nigeria are adopted. It is important to note that the ethnic groups in Nigeria may exceed this number by far, though these 56 groups are both visible and easily identifiable. The 56 ethnic groups are presented in the table below. Table 1. 2: Ethnic group in Nigeria 1. Hausa-FuIani| 29. Buri| 2. Igbo | 30. Balta| 3. Yoruba | 31. Kanuri| 4. Edo| 32. Margi| 5. Bassawa| 33. Delta Minorities| 6. Igala| 34. Gwadara| 7. Idoma| 35. Chamba-Daka| 8. Ora| 36. Mambila| 9. Ijo| 37. Katang | 10. Isoko| 38. Berom| 11. Urhobo| 39. Kadara| 12. Itshekiri| 40. Kurama| 13. Baatonum| 41. Mada| 14. Karnbari| 42. Alago| 15. Dulawa| 43. Migili| 16. Kamaku| 44. Eggon| 17. Ebira| 45. Bokyi| 18. Nupe| 46. Ekon| 19. Gwari| 47. Agoi| 20. Tiv| 48. Efik| 21. Jukun| 49. Ibibio| 2. Chomo-karim| 50. Annang| 23. Jarwa| 51. Mumuye| 24. Angas| 52. Waja| 25. Yekhee| 53. Busa| 26. Karekare| 54. Dendi| 27. Eloyi| 55. Buduma| 28. Gade| 56. Shuwa| Source: Iwaloye and Ibeanu (1997) Nigeria is known for its cultural diversities but while these diversities have been positively harnessed for greatness by other nations of the world the opposite is regrettably the case in Nigeria despite the efforts of heroes past in ensuring that these diversities are harnessed for development; rather they have served as the bane of social, economic and political development. Consequently, Nigeria as a nation has been besieged by an array of social, economic and political problems; these include corruption, tribalism, lack of patriotism, political gangsterism e. t. c (Nduka, 2004 and Omo-Ojugo et al. , 2009). 1. 4 Ethnicity and Marginalisation Before the advent of colonialism, the area now referred to as Nigeria was a large landmass occupied by un-unified people of diverse ethnic groups but for administrative convenience they were fused and merged together by the olonialists. For the duration of colonial rule, the ‘marriage’ of the diverse ethnic groups was maintained and the diversities were united without any problem. With the exit of the colonialists, things started falling apart resulting in marginalisation and ethnic conflict thus adversely effecting the development of the budding nation. Ethnic conflict has been rightly defined as one of the greatest obstacles to meaningful development in Africa. The ethnic factor did not diminish with the advent of independence; rather, it became a yardstick for measuring contribution to the national development effort and especially for allocating and distributing power and national resources and eventually resulted in the 30- month slaughter in the Nigerian civil war (1967 to 1970) which was anchored on ethnic rivalry. The history of present day Nigeria is rife with cases of ethno-religious conflicts. Since the annulment of the 1993 elections, there have been increased demands and counter-demands for marginalisa1ion by various ethnic groups in the country. Marginalisation stems from a peoples perception of their treatment in the allocation or distribution of power and resources. A classic example is made for the Ogoni, who despite having provided the nation with an estimated $30,000 million in oil revenues, their people had no pipe borne water or electricity, and lacked education, health and other social facilities: it is intolerable that one of the richest areas of Nigeria should wallow in abject poverty and destitution (Saro-Wiwa, 1992). In this light, the Ogoni ethnic group has concrete reasons to consider itself marginalised, especially since these facilities can be found in other ethno-regional areas of Nigeria. 1. 5 OBJECTIVE OF THE STUDY The general objective of the study is to 1. Investigate the role ethnicity plays in the socio-economic development of Nigeria. 2. Assess the impact of ethnicity on present day Nigeria 3. Examine the effect on day-to-day activities of Nigerians 1. 6 RESEARCH QUESTIONS i. Impact of ethnicity on social and economic development in Nigeria? ii. Role of colonialism in ethnic groups formation . 7 SCOPE OF THE STUDY The scope of the project envelops the influence of ethnicity in Nigeria’s social and economic development and its impact on present day Nigeria. 1. 8 SIGNIFICANCE OF THE STUDY The importance of this study is made manifest in the form of understanding the role ethnic diversity plays in the development of a country, in this case Nigeria. 1. 9 CONCEPTUAL CLARIFICATION ET HNICITY: Ethnicity in this study is referred to as an affiliation resulting from racial or cultural ties or the interactions among members of many diverse groups ETHNIC GROUP: For the purpose of this study, an ethnic group is regarded as an informal interest group whose members are distinct from the members of other ethnic groups within the larger society because they share kinship, religious and linguistics ties SOCIO-ECONOMIC DEVELOPMENT: in this project, socio economic development is defined as a comprehensive process involved in improving social and economic conditions on individual and group empowerment, community, national and regional building.

Sunday, November 3, 2019

Why I am ready to return to Monroe Essay Example | Topics and Well Written Essays - 250 words

Why I am ready to return to Monroe - Essay Example It has made me realize as well the value of spending time wisely on each aspect of the course and of being trained to possess moral character in terms of discipline, respect, and integrity. Moreover, I find it reasonable to attend classes in Monroe College once again for its capacity to engage students in appreciative learning. Through the school’s intelligent and encouraging faculty staff and up-to-date academic resources, I had received great help in developing interest in several areas of relevant study. It would also be wonderful to reconnect with old friends and certain lower class fellows under a different field yet whose influence led me to find delight in reading classical literature and world history. Subjects as these, I recall, are taught in Monroe College with such enthusiasm and manner that inspires students to be critical in thought and creative in imagination. I am further drawn to believe that I am ready to resume my scholastic life with Monroe knowing that it has the most conducive facilities I could possibly ask

Friday, November 1, 2019

How Technical Communication Textbooks Fail Engineering Students Assignment

How Technical Communication Textbooks Fail Engineering Students - Assignment Example However, the textbooks used by students are not able to address the issue, as engineering students find themselves to remain limited to established formats, which are meant mainly for students going for humanities based courses. The prescribed technical communication textbooks provide the advice to engineering students for such communication details. However, the information and tools mentioned in these textbooks do not match with the standards required in meeting the engineering or scientific knowledge, which these students gain from their professional courses. The areas covered by these textbooks include the use of active and passive voice, which is more oriented towards humanities. The other major concern refers to citation formats, which are not compatible with engineering studies. The books do not have enough instructions for presentation methods regarding data visualization and research papers, on technical matters. There is little evidence in the textbooks that can provide guidance on arguments and evidence presentation, which is the major requirement for all engineering students who want to become successful technical writers. There is enough evidence that passive voice is necessary to report certain technical details. Most technical communication textbooks prescribe MLA, APA and other citation formats, which favors writing on humanities subjects. However, textbook by Beer & McMurray is the only book that discusses the engineering citation style, IEEE. These books must have enough information regarding interpretation of data and making a conclusion about scientific studies. The learning methods explained in these books must aim at presentation of â€Å"bottom line† conclusions, which are properly highlighted and emphasized. This would help busy readers capture the important aspects of the presented data. In addition, the presentation of data in the form of tables and figures must support the bottom line conclusion. The books must have