Saturday, December 28, 2019

Essay on the Hemingway Code Hero Free Essay Example, 1000 words

Hemingway Hero Over the years, Hemingway has become one of the most prominent role model of that generation whose articles were widely read everywhere. His first appearance in writing arena was during his early twenties all through to thirties where he captured the Spanish civil war and all the world wars. In his works, he featured all the weaknesses of the state in those days. The world has been through several wars and constant social conflicts in the 20th century. All life aspects appeared just like the concept of democracy, love, man isolation, war, fame and freedom. Likewise, Ernest, a short stories and a novel writer focused on themes such as fatalistic heroism, masculinity, death and isolation as major issues of twentieth century. Unquestioningly, it was as a result of life experience and all that he witnessed to whatever is mentioned about social issues and wars around the world (Bloom and Harold 5). Hemingway’s code hero featured a character that portrayed some characteristics that included honor, courage, endurance and grace under pressure and lastly the need for ritual. Hemingway related most of his work by use of similar concept. We will write a custom essay sample on Essay on the Hemingway Code Hero or any topic specifically for you Only $17.96 $11.86/pageorder now How does Hemingway’s articles relate to the notion of Hemingway Code Hero? This article will try to feature two of his articles and how they relate to the code hero. â€Å"Code hero† is almost related to the concept of stoicism. The phrase is used to give the main character description in most of Ernest’s writings. Some critics prefer Santiago to be the finest and most advanced option of these code heroes. Within this phrase, code stands for a set of guidelines or rules for conduct. According to Hemingway’s code, the major ideals are courage, honor, and endurance in stressful life, pain and misfortune. According to LaRocque, while a hero is idealistic about any war, he has to force himself to ignore the damage war does to an individual (LaRocque 18). â€Å"Usually in Hemingway’s articles, the hero’s universe is disorderly and violent; moreover, the disorder and violence seem to claim victory† (LaRocque 26). The code commands that the hero carries out himself honorably at the center of what will be a losing war. By doing so he attains fulfillment abundantly: he turns to be a real man or exhibit his manho od and his value. â€Å"Grace under pressure† is a phrase that he used to illustrate the conduct of the code hero. Code hero is defined as a man who stays accordingly, sticking to honor ideals, and ready to face the world as it presents itself.

Friday, December 20, 2019

Black Boy Breaking The Chains Of Mental Slavery

Camille Bethune-Brown AFST/ENGL 261 Professor Beligne October 15,2014 Black Boy: Breaking the Chains of Mental Slavery 4. Race plays a large role in who and how we define ourselves. The question time and time again asked is who hold the key in deciding who do someone allow to define along with the limitations of such assumptions us and can the limitations how society views us hold the black individual(s) back. In this response I will focus on the idea of â€Å"Racism and its effects on individual experience†. Throughout the novel Wright tries to come to terms with the idea to come to terms with individual identity, conformity/rebellion, and revaluation of the self. The chapter begins Wright taking a job working for the Hoffman’s at Jewish couple living in Chicago at their locals store a mostly white area of Chicago. The Hoffman’s take a liking to Richard treating him with respect however due to many views from his childhood Richard assumes that the Hoffman’s are like any other southern white couple. As time goes on Richard ask him â€Å"I kept asking myself what had black people done to bring this crazy world upon them? †¦ The fact of separation of white and blacks was clear to me its effects upon the personalities of people that stumped and dismayed me†. (Wright, 265) During this quotation Richard has an epiphany in which he is forced to revaluate everything he has come to know about his relations/views with whites. What I found most interesting was that as Wright grappled withShow MoreRelatedLife Of Frederick Douglas And Benito Cerano Essay1576 Words   |  7 Pagesof racialized slavery, the endorsing of rebellion, and their individual perspectives. There is one thing that combines these two and that is their education. Education is what shifts the mind from the mind of a brute regardless of color to the level of where color and racism don’t exist. If there is one thing that racism needs it needs support and to be condoned because without it this, it no longer exists and both Frederick Douglass and Herman Melville show how racialized slavery at this time wasRead MoreSimilarities Between Sherman Alexie, Malcolm X And Frederick Douglass1855 Words   |  8 Pagesher husband, not only ceased to instruct, but had set her face against my being instructed by anyone else†. This passage shows that even though his mistress stopped his education, he persisted in becoming literate. Frederick Douglass learnt from the boys on the street by trading bread for knowledge. He would even go to the lumber yard and would copy the letter that the carpenter would write on the timber the name of the place it was intended to go. While Malcolm X was a public speaker and a civilRead More Jackie Robinson: Breaking the Racial Barriers Essay3276 Words   |  14 PagesJackie Robinson: Breaking the Racial Barriers   Ã‚  Ã‚  Ã‚  Ã‚  On July 23, 1962, in the charming village of Cooperstown, New York, four new members were inducted into baseball’s Hall of Fame. As they gathered around the wooden platform, the fans reminisced about America’s national pastime. Edd Roush and Bill McKechnie, sixty-eight and seventy-four years old respectively, were two of the inductees that day (Robinson 142). They were old-timers chosen by the veterans’ committee. Bob Feller and Jackie RobinsonRead MoreChild Labour in Bangladesh Industry9607 Words   |  39 PagesStates, child labour was acknowledged as a problem after the Civil War, and in the South, after 1910. In earlier days, children worked as apprentices in factories or as servants in families, but in factories their employment soon turned into virtual SLAVERY. This was mitigated in Britain by acts of parliament enacted in 1802 and later years, in other places of industrialized Europe. Although most European nations had child labour law s by 1940, the urgency of production during World War II brought manyRead MoreHuman Trafficking : A Public Health Problem Within The United States4906 Words   |  20 Pagesyears of age; or the recruitment, harboring, transportation, provision, or obtaining of a person for labor or services, through the use of force, fraud, or coercion for the purpose of subjection to involuntary servitude, peonage, debt bondage, or slavery† (Hodge, 2008, para.2). Human trafficking impacts individuals differently. Human trafficking can impact individuals emotionally, psychological and physically. The impact of human sex trafficking can leave victims having long-term psychologicalRead MoreCRM 1301 Midterm uOttawa Carolyn Gordon Essay10218 Words   |  41 PagesHunts A ‘witch hunt’ occurs any time a group of people persecutes another group unfairly, usually blaming that group for larger problems Modern day drug users/drug laws a ‘witch hunt’: Opium Act of 1908 (stricter drug laws) Emily Murphy’s The Black Candle-This book created a moral panic in society. Video Notes: The Burning Times After the roman times, women’s continued traditions of the old religion and were leaders, counsellors, visionaries and healers (a.k.a. wise women). The Christian ChurchRead MoreLogical Reasoning189930 Words   |  760 Pages60-40 in favor of more fun if you go with Juanita instead of Emilio. Another possible consequence is that Juanita will at first be flattered that you asked her to go with you. There is still another possible consequence to consider: You will be breaking your promise to Emilio, which would be morally wrong and thus have a negative value. It wouldnt be as negative as letting Emilio drink water that you know will cause a disease, but it is clearly negative, and the probability of this consequenceRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagesare basing their purchasing decisions on the quality of products and services, and this requires manufacturers to be vastly more effective and to strengthen the way they manage customer relationships. The sellers are now deeply partnered with supply chain processes; this means that the cost and timing of new product releases have taken on new meaning and have new requirements. Fixed costs, which have always been a fundamental factor in managing profit maintenance and growth during fluctuations in theRead MoreOrganisational Theory230255 Words   |  922 Pagesand Spain. It was an industry that required the skills of a number of different artisans. Adam Smith, the pioneering economist, considered pinmaking a classic example of the ‘division of labour’. Just how many different artisans were involved in the chain of production is controv ersial. Some manufacturers seem to have managed with six workers, whilst others required up to 25. There may have been a tendency to subdivide the processes as the eighteenth century went on. The workforce often consisted mainly

Thursday, December 12, 2019

Paying for the Smokers free essay sample

In today’s society the government will provide welfare to those who are too obese to work a normal job. I believe this is wrong, and ridiculous. There is a difference between being sick, and receiving welfare because of a condition you have no control over, and receiving welfare because you have become so overweight that you cannot do normal activities. You wouldn’t pay for a smoker’s health insurance would you? Then why would you pay for it for someone who is obese? Getting ill from smoking is the same thing as getting ill from not watching what you eat and refraining from physical activity. It makes no sense to me that indirectly through taxes, you and me, the citizens of America, are paying for people to continue to be so overweight they cannot function in society. I know both sides of this issue, because I myself have been obese. All of my life I was a large girl. When I was in the 8th grade I was over 200 pounds. At my largest I was 218 pounds, and only 5 foot 3, so you can imagine the gravity of my size. I will admit that because of my size doing simple activities like riding a bike, walking up stairs, getting on an airplane, and riding rollercoasters was difficult. My weight presented a challenge to me every day, but I never expected anyone to pay for it. My obesity was of my own doing; I never worked out, ate huge portions of very unhealthy food, and spent the majority of my time snacking in front of the television. When I turned 16 I decided I was tired of letting my weight dominate my life, and so I did something about it. I put myself on a hardcore diet, started going to the gym 5 times a week, and took every chance that I had to be active. After a year and a half I had lost over 100 pounds. Losing weight and getting healthy was the best thing I have ever done for myself. I did have an advantage because I decided to fix my problem when I was very young, so it was easier for me to do than it would be for older obese people, but I truly believe there is always a way. There is always a way to start living healthy, to stop eating high calorie foods, to get up and take a walk, even if it is hard or painful. From my experience, I know that all it takes is motivation, and once you start things will only get better. I think it is absurd that welfare is given to those who won’t take the initiative to start living better. Every citizen in the United States is indirectly paying for these obese people to continue living their unhealthy life styles. My uncle Ed is currently jobless, purely living off the welfare of the state that he receives because of his obesity. It is not my obligation to pay for people that will not help themselves, and it is not yours either. I do believe that it is our obligation to pay for those who cannot help themselves, such as t hose with unavoidable disabilities, but obesity does not fall into this category. Paying for obese people’s means of living is like paying for a smoker’s means of living. Many smokers have smoked so much and for so long that they have become literally disabled and cannot fend for themselves. The government does not pay for them to be unhealthy. My father smokes at least a pack a day, and at the age of 53 he is unhealthier than some people much older than him. I feel no sympathy for his health issues, because he has done it to himself. That is my attitude towards those who are obese. I can sympathize with them on many levels; I know what it is like to get trapped in that kind of life style, and to use food as a comfort. But just because I understand, does not mean that it is my job, or anyone else’s to pay for their problems. Smoking is an addiction, and so is food. Addictions are hard to break, but it is possible. People quit smoking all the time; learn to live without it, go cold turkey. Severely overweight people could learn better eating h abits and start participating in physical activity. I do not understand how the country rationalizes the fact that obese people should receive welfare. Unless the country decides to start paying for smokers to live, then it really is ridiculous. Being obese is not fun, it is not like people that are very over weight love to just sit around and eat all day and live off of the government’s money. Being overweight is hard; it makes normal every day activities extremely challenging. It is hard on self-esteem, and it puts huge stress on the body, but this challenge should not be solved by the government funding those in this situation; it should be solved by personal initiative. It may take years to lose weight for an obese person, but it can be done. If the government continues to pay for obese people’s means of living by providing them with welfare, soon anyone in a tough situation will be demanding money. The citizens of the United States should not have to pay for people who have put themselves in a bad situation. Welfare is meant to help those who are truly in need; those who cannot change the problem that they are faced with and have no other way of continuing to live. Obese people are not in this kind of sit uation because they have put themselves where they are now through a poor diet and lack of exercise. I understand that harshly cutting off all the grossly overweight people relying on welfare is not a logical solution to this problem. The people that depend on it now would not know how to fend for themselves. Instead I propose a system that imposes new conditions for those currently on welfare for this issue to continue receiving welfare. This system would require them to go to a doctor once a week and log weight and set up a diet plan. If they do not continue to lose weight and become healthy then they would lose their welfare money. Setting up this system would cost money, so all those on welfare for obesity would have to get their funding cut by some, but this is a necessary measure. This system could not only slowly end the need of welfare for the overweight, but also give these people a new start and a new lifestyle. Help and support from doctors would give these people guidance and get them on the right track, while also putting a stop to the need of welfare for the obese. Would you pay for a smoker’s rent if they smoked so much they became ill and could no longer work? I know I wouldn’t. Why should other have to pay for someone else’s mistake? This is how I feel about obese people receiving welfare. I should not have to pay for grossly overweight people to live every day, and neither should you. Providing them with welfare sends them the message that their condition is an illness which makes it okay and I do not believe it is.

Wednesday, December 4, 2019

Marketers Play A Very Crucial Role In Directing †Free Samples

Question: Discuss About The Marketers Play A Very Crucial Role In Directing? Answer: Introducation Marketers play a very crucial role in directing their target markets towards sustainable consumption. They educate their customers about the products and their utilities. They have to play a crucial role in educating their customers about the importance of sustainability and sustainable consumption. However it is often argued that the business organizations do not play enough roles to encourage sustainable consumption among customers. There are several opinions which can be stated in support of the statement. First, the marketing companies sell inorganic products to this huge customer base at cheap price to earn huge revenue. These multinational companies have their stable customer bases who buy these inorganic products. For example, most of the automobile companies even today manufacture car models which use petroleum and cause a lot of pollution. The FMCG companies do not have many organic and sustainable products in the product lines because organic products are sustainable but costly (Du, Yalcinkaya and Bstieler 2016). Such products are not likely to attract a huge customer base in the emerging markets which is liable to reduce the profit earnings of the companies. These multinational companies like the automobile and the FMCG companies market and sell the inorganic products at low prices to a huge customer base and earn huge profits. Thus, the marketers instead of directing their customers towards sustainability, direct their target customers towards use of inorganic products (Savola inen et al. 2013). Second, the marketers encourage consumption of sustainable goods by their own business conduction. The multinational companies are expected to set examples of sustainable consumption by using raw materials obtained from sustainable supply chains. However, instead of obtaining raw materials from sustainable sources, they often buy low graded synthetic raw materials to save costs of raw materials (Brandenburg et al. 2014). This results in manufacturing of low graded material which fail to meet customer expectations. Often these inorganic and synthetic chemicals harm the consumers health. The companies keep on selling these products or sometimes withdraw them temporarily to avoid controversies and then reintroduce these products again. Thus, the marketers and companies today discourage sustainability by acquiring raw materials from non sustainable sources (Seuring 2013). Third, all the companies have sustainability as a part of their core business policies but very few companies actually towards achieving it. The business organizations, especially the multinational companies are present in several countries and use the resources of their host countries to produce goods. Many multinational companies have powerful subsidiaries in the emerging market economies like India and Brazil. These companies are often accused of over exploiting and depleting natural resources of their host countries. For example, the international beverage companies are often held responsible for depleting water resources in their host countries. This often draws protest from various NGOs and communities. They also attract legal actions from the governments (Brown 2017). All these unethical activities by the companies often contradict the corporate social responsibilities. These controversies often create such a strong negative image in the society that they are not in the positi on to promote sustainable consumptions of goods. Thus unsustainable business operations by the companies like depleting of natural resources weakens their corporate image and prevents them to encouraging sustainability (Venables 2016). Fourth, sustainable operations require adoption of new modes of operations to manage and reduce wastes and loss of materials due to lack of warehousing facilities. This requires the companies to invest huge amount of capital to install new advanced sustainable technology and training of the staffs to use the sustainable technology. The companies are required to set up sustainable waste recycle management plants and windmills which require huge initial investments. The multinational companies often instead of recycling wastes dump them into water bodies (Ferrari, Miyamoto and Ferrari 2014). This irresponsible and unethical actions of them result in degradation of environments and depletion of water bodies, thus devastating plant and animal lives. It can be noted that the industrial sector is responsible for dumping trillions of wastes into the water bodies each year followed by the household sector which is composed of the consumers of the companies. This analysis shows that the uneth ical dumping of wastes by the multinational marketers and producers actually encourage their consumers by follow their suits. Thus, the business organizations do not take up initiatives strong enough to promote sustainable consumption. It can be argued that they instead to promoting sustainable consumption, advertise unsustainable consumption and dumping of products by these actions of theirs (Park, Lee and Jun 2015). It can be concluded that though the companies are expected to encourage sustainable consumption of products among consumers, they do very little in that direction. The companies first of all sell inorganic cheap products and encourage consumers to use them to huge revenue. Secondly they often used low quality inorganic raw materials and promote the usage of unsustainable products among customers. Third, they themselves engage in depleting natural resources and are not in position to promote sustainability. Fourth, sustainable operations initially require heavy investments in plant and machinery and companies usually avoid them to reduce costs. The companies however promote sustainability through their CSRs which is too weak to counteract the impact of these unsustainable operations by companies and promote sustainable consumption among customers. Thus, the companies take insufficient initiatives to market sustainable consumption among consumers. References: Brandenburg, M., Govindan, K., Sarkis, J., and Seuring, S. 2014. Quantitative models for sustainable supply chain management: Developments and directions.European Journal of Operational Research,233(2), 299-312. Brown, P. 2017. Coca-Cola plant must stop draining water. [online] the Guardian. Available at: https://www.theguardian.com/world/2003/dec/19/india.sciencenews [Accessed 11 Aug. 2017]. Du, S., Yalcinkaya, G. and Bstieler, L., 2016. Sustainability, social media driven open innovation, and new product development performance.Journal of Product Innovation Management,33(S1), pp.55-71. Ferrari, G., Miyamoto, M. and Ferrari, A., 2014. New sustainable technology for recycling returned concrete.Construction and Building Materials,67, pp.353-359. Park, S., Lee, S.J. and Jun, S., 2015. A network analysis model for selecting sustainable technology.Sustainability,7(10), pp.13126-13141. Savolainen, J., Niu, N., Mikkonen, T. and Fogdal, T., 2013. Long-term product line sustainability with planned staged investments.IEEE software,30(6), pp.63-69. Seuring, S. 2013. A review of modeling approaches for sustainable supply chain management.Decision support systems,54(4), 1513-1520. Venables, A.J., 2016. Using natural resources for development: why has it proven so difficult?.The Journal of Economic Perspectives,30(1), pp.161-183.

Thursday, November 28, 2019

Tips for New College Users

Welcome to , College Students! As you transition from high school student to college student in real life, you should do the same on . Here are our tips on what to include, how to increase profile views, and get more commission with your College Profile! 1. Create/Convert Your Account. Hope youve found helpful during your high school years and through the application process. Since you already have an account, you do not have to make another account to create your profile. Convert your account here.If youve never had an account before, welcome! Were excited to have you join our community of students helping students through the application process. 2. Create/Update Your username. College applications can contain a lot of personal and intimate information about an individual. We highly encourage users to create usernames that don’t include full names to protect your privacy. If you already have an account, you can change your username under Account Settings. 3. Upload a profile picture. Use a photo that represents you. It doesn’t have to be a headshot. It can be a photo of you in the distance or you with a group of friends! Including a photo helps high school users connect with your profile and know there’s a real person behind a web page. 4. Have your student ID handy. We have to verify that you’re a student accepted at the school you say you’re attending. Make sure you have on hand a copy of your student ID, enrollment receipt, or transcript. Simply snap and upload a photo of your verification document. Don’t worry - once your profile is verified, we remove this from our database for security reasons. 5. Download your Common App PDF. Save yourself some time! If you still have your Common App account, log in and download the PDF version of your Common App. Instead of filling out each individual page, all you have to do is upload the PDF and we autofill your profile for you! Then, all thats left for you to do is to choose the advice questions you want to answer. 6. Gather all your application materials (essays, SAT scores, transcripts). If you applied to a non-Common App school, gather all your application materials so you can get through the profile entry process in one go. You should grab your personal statement, supplemental essays, SAT scores, high school transcripts, and extracurricular and work resumes. 7. Respond to advice prompts. Finally, share some lessons youve learned through your college application journey. What would you change about the process? How did you formulate your college list? Did you go on any college tours? On top of that, answer a few school-specific questions to help future applicants learn more about your school! How would you describe a typical student at your school? What do you love about your campus? Once you’ve verified your profile, uploaded a full essay, and responded to 5 advice prompts, you’ll be ready to go! With that done, get into back-to-school mode and wait for the views to roll in and your earnings to start piling up.

Sunday, November 24, 2019

The Future of Personalized Medicine Essays

The Future of Personalized Medicine Essays The Future of Personalized Medicine Essay The Future of Personalized Medicine Essay The Future of Personalized Medicine According to Cliff Mintz, personalized medicine is defined as â€Å"a young but rapidly advancing field of healthcare that is informed by each person’s unique clinical, genetic, genomic, and environmental information (Life Science Leader 2010). Personalized medicine is not the traditional medicine; however, personalized medicine is about combining genetic information with clinical data to optimally tailor drugs and doses to meet the patients’ needs. To some people, personalized medicine is the technology of the future; however, others feel that personalized medicine is already influencing patients. As time progresses, modern genetic technology will lead to personalized medicine. There are many benefits of personalized medicine as well as, drawbacks and limitations to personalized medicine. Modern Genetic Technology Leading to Personalized Medicine Modern technology is on its way to leading to personalized medicine. As a technology of the future, personalized medicine is the latest innovation for transformation of medicine, and technological advancements have enabled personalized medicine through the use of genetic testing. Introducing new treatment protocols, personalized medicine creates the ability to use molecular tracking elements that signal the risk of disease on a genetic level. According to Tony White in his speech given at the Weiss lecture, his company completed the human genome, and the biosystems provided them with the tools needed. During his speech, Mr. White stated â€Å"the broad map is just the beginning of the journey† (White 2002). We are already seeing the use of personalized medicine being used in cancer patients and even HIV patients. During his speech, Mr. White talks about the gene that produces a tumor suppressor protein called the p53 gene. For example, if the gene is too high then they can detect certain diseases , and if the gene is too low, then it can detect diseases as well. Another example of how modern echnology is leading to personalized medicine is the breast cancer treatment which is determined by the oncogene involved in the development of cancer, HER2. With patients with breast cancer, the HER2 oncogene is overexpressed, and physicians are able to treat the overexpressed gene through the use of a monoclonal antibody that inhibits the gene, Herceptin. Benefits of Personalized Medicine There are many benefits of personalized medicine not only to the patients and physicians, but to the drug companies as well. First of all, with matching therapeutics to specific DNA profiles, patients can be given the right medication because disease can be treated more successfully. Safer drugs doses can be prescribed; thus reducing negative side affects. Another benefit to personalized medicine is that there might be paths provided when looking for cures for cancer by being able to show why certain patients contract cancer and while others do not. In addition, you would be able to show why some patients survive cancer and why others do not survive cancer. In addition to disease control, physicians would be able to give patients more effective diagnoses; thus, resulting in better disease interventions. Personalized medicine will eliminate the need for using animals in the laboratory because human DNA will be used. Lastly, personalized medicine would greatly reduce healthcare costs as well as medical expenditures. According to drug makers, personalized medicine will expedite the time requirements associated with product developments. Not only expediting time requirements, personalized medicine will reduce healthcare costs to the patients because they will have a better cure for diseases; thus, reducing the amount office visits. Drawbacks of Personalized Medicine In addition to benefits of personalized medicine, there are also drawbacks of personalized medicine. According the article Genetics Genomics, the number one drawback for patients is the privacy implications. In a survey regarding the strongest drawbacks of personalized medicine, â€Å"misuse of information/invasion of privacy† was the highest (Genectics 2005). In addition, insurance companies may be able to deny coverage to patients based on their genetic information. Another drawback is that patients are under educated regarding personalized medicine, the genetic profile would possibly have a negative impact on the patients well being; thus, leading to stress and anxiety. Another challenge to personalized medicine is that molecular biomarkers have not been verified; therefore, the biomarkers are not able to be used in personalized medicine products. In addition, the FDA has not yet defined a regulatory approval because the regulators lack the knowledge needed to evaluate the tests required for personalized medication. Another drawback is that that healthcare provides may not have the ability to store and manage the large amounts of medical information. Lastly, if a healthcare provider had the ability to store large amounts of medical information, then this raises the issues of confidentially, access, and privacy concerns. In conclusion, finding cures and treatments for diseases is time consuming; in the end, healthier lives can be fulfilled through the use of personalized medicine. There are many drawbacks to personalized medicine; however, the benefits of personalized medicine outweigh the drawbacks. Technology is ever changing, and modern technology is leading to personalized medicine. In fact, we are seeing the use of personalized medicine through cancer patients and what the p53 gene depicts. Personalized medicine will have a major impact on establishing an individual’s genetic predisposition to certain diseases. Personalized medicine focuses on preventative medicine and interventions, and tools that decode human genomes will help link genetic variations to diseases. References â€Å"Genetics Genomics; Survey Shows Americans Want Genetic Information but Fear Privacy Implications. † Genomics Genetics Weekly. 02 Dec 2005:169. Mintz, Cliff. â€Å"Life Science Leader: The Potential of Personalized Medicine. † Feb. 2010 White, Tony. â€Å"Smart Medicine is Coming: Making Intelligent Choices. † Vital Speeches of the Day. 15 Mar. 2002:326.

Thursday, November 21, 2019

Chamberlin & Castings Plc Finacial Management Essay

Chamberlin & Castings Plc Finacial Management - Essay Example A takeover could be hostile and resisted by a company. This distinction is important with regard to valuation of the businesses and management of risk. The valuation of the Companies proposed to be merged is: 1st company: Castings Plc. Valued at ?85 M 2nd company: Chamberlin Plc. Valued at ?40 M The paper seeks to study Mergers and Acquisitions (M&A), the justifications for takeover/merger, rationale applied for target identification and financial justifications for the proposal and make an analysis of the proposal. I - Mergers and Acquisitions The advantages of M&A in meeting the Challenges of strategic development perhaps mainly rest on the ability it gives the companies to grow fast in a rapidly changing business environment. For instance, expansion into new products and new market areas through M&A process is simpler and faster compared to organic growth which could be slow in reacting to the external developments, consequently seizing the opportunities. On the other hand, the go vernments place restrictions on M&A though competition laws, for example Competition laws in European Union and Antitrust Laws in the US. Correa (2007, p. vii) states â€Å"While IP law deliberately subjects intellectual assets to the exclusive control of right owners, competition law seeks to avoid market barriers and benefit consumers by encouraging competition among a multiplicity of suppliers of goods, services and technologies†. ... one trillion.† After the collapse of junk bond market which has fueled M&A in 1980s, the increase in the M&A activities have started again and reached a phenomenal level in 1990s. These mergers were horizontal in nature in the field of oil, telecommunication and financial services mainly in the US. M&A activities follow a wave pattern and Johnson, Scholes & Whittington (2008, p. 349) state that the worldwide announced deals declined rapidly after 2000 (falling by nearly 30% in 2002 to about 25,000 deals). Justification for takeover strategy Corporate companies have been adopting Mergers and Acquisitions as a strategy for growth. M & A have been necessitated due to various reasons such as inorganic growth, cost reduction, access to technology, growth in market share, synergy in the operations, capacity utilization, entry into new markets, competition, need for capital, weakness in the capital structure of one of the merging company, tax considerations, brand value and stability in the operations. Rao (2009), states that the losses can also be carried forward indefinitely for relief against future income from the same trade Under UK Laws. The companies can explore the possibilities of taking advantage of this provision, through proper legal structure of the combined entity so that the accumulated losses could be set-off against the profits after merger. Relative valuation of the assets of a company and the general economic conditions can make the takeover proposal more attractive on a global basis. The revival in the US economy and the growing economic power of BRIC (Brazil, Russia, India and China) countries make the assets in the UK engineering sector attractive. Hochberg (2011, p. 23) predicts that M&A activity [in engineering sector] will increase in 2011 as the