Trans Atlantic Slave Trade free essay sample

The Trans-Atlantic Slave Trade was actually often referred to as the â€Å"Holocaust of Enslavement† which was basically the incarceration and imprisonment of people not for committing criminal offenses but to be put to work for others. The â€Å"Areas that were involved in the European slave trade eventually prospered. (Aca Demon) These areas took advantage of what they had in their own countries and traded for slaves that in result produced twice as much of the product, which made them very profitable. The Portuguese in the 1480’s had discovered uninhabited equatorial islands of Principe and Sao Tome and they ended up developing thriving sugar plantations’ in the rich volcanic soils of these islands and they needed people to work on the sugar plantations so they went to have Africa and brought slaves to man their plantations. (Shillington pg. 69). Then the Europeans saw an opening to trade more east which ended up being the discovery of the New World. We will write a custom essay sample on Trans-Atlantic Slave Trade or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The origin of the Trans-Atlantic Slave Trade was mainly coming from the, â€Å"expanding European empires in the New World lacked one major resource a work force. In most cases the indigenous peoples had proved unreliable†(About. com), the locals were all dying from diseases because the Europeans brought over many diseases and other things and the people already in the New World weren’t used to these diseases and ended up dying. The main reason the Trans-Atlantic Slave Trade kept thriving was because of the â€Å"Triangular Trade†, the first part was taking manufactured goods from Europe to Africa and in exchange they would get slaves and that made everyone happy there because the African slave owners would get goods in return for people and the Europeans would get slaves to produce more of the goods they had their slaves producing. The second part of the triangle was the middle passage where they shipped the slaves to America. The final part of this was the produce of the slave plantations in America returned the products to Europe. About. com) The New World was a place in a huge need for more people to do labor because the country was so lavish in crops and new resources. The â€Å"Holocaust of Enslavement† described by Karenga was described as a â€Å"massive killing of about 50 to 100 million lives lost thru mass murder, war, the forcible transfer of populations, and the brutal rigors of the Middle Passage and of enslavement as well as the attendant dehumanization and cultural destruction, one cannot help but conclude that of all the holocausts of history, none surpasses this one. Karenga also goes onto say,† that the Holocaust of enslavement expressed itself in three basic ways 1) a morally monstrous destruction of human life-millions of persons killed, whole peoples destroyed; 2) a morally monstrous destruction of human culture- cities, towns, villages, great works of art and literatures; 3) the morally monstrous destruction of human possibility- the destruction of life-chances and the grounds for human aspiration, freedom, dignity and human solidarity with others† (pg 135 Karenga). The things Karenga say are very true it was basically almost like a job just to survive as a slave. The people who owned you did not care if you were feed well or healthy they just wanted you to do the work they didn’t want to do themselves. These people were sick to force someone against their own will to go all the way across the world just to work on a farm when you can just get a smaller farm and be able to do it yourself. The Africans came over in such bulk as if they almost just agreed to come over and not fight back, but this is very close to the correct thing. The Africans often rebelled and tried to fight back. There are many narratives out their providing stories behind how the slaves tried fighting back. The most common resistance to slavery was â€Å"day to day† resistance which the slaves would break tools, pretend to be sick, light things on fire or just even work really slowly so that they could keep their energy and not get much done (Digital History). The impact of the Trans-Atlantic slave trade was very widespread. The main effect which everyone knows which is very negative which is stated in our slides would be the depopulation of Africa taking everyone out of the country and shipping them off to various places defiantly cuts down on the populations and its not like all of them survived their travels many ended up dying (Kapatamoyo). The impact people say that the slaves were harassed until death at sea is really exaggerated, the book says that most slaves didn’t die from being injured out at sea, but mostly from epidemics passed around on the boat killing many slaves (Harrold pg. 38). The reasoning behind this is very believable for the fact why would you pay for something, but kill it before you put it into work that is basically a waste of your money. A huge impact the Trans-Atlantic slave trade had on Africa was also the Demographic impact it messed up marriage patterns and potentially reproducing more people, because they were taking all the males away from African it is a little hard to have a kid without a male involved (University of Calgary). The positive impact maybe one of the only to come out of this was the New World was able to produce so many new things often being called a â€Å"rich† place to come to because of all the opportunities and resources they had there. Europe was flourishing from all of this they had everything they wanted products coming from the New World and slaves going to the new world which made a huge impact on this whole period, because the Europeans looked at it as a flourishing period for them and basically having nothing wrong with it and on the other hand they were just basically ripping Africa apart to feed their own families breaking families in Africa Apart (Slave Voyages) This took so many peoples lives which had a great impact on America growing into a new country while Africa was struggling to get by. The conclusion of all this the Trans-Atlantic Slave Trade was a huge destruction of one society, but also a stepping stone to produce one of the most influential Countries in the world now. They do say goods things don’t come without sacrifice. This a terrible way to describe how these people were treated, but I know they had to fight for their lives, but I thank them for all the pain and problems they went through to produce this great country for me to live in today.

Middle School and High School Intervention Programs

Middle School and High School Intervention Programs Intervention has become an important tool for servicing students who struggle academically particularly in reading and/or math. School intervention programs are very popular in elementary schools, but what about middle school and high school? The truth is that the older the student is, the more difficult it becomes to get a student who is behind back on grade level. That doesn’t mean that schools shouldn’t have intervention programs in place for their middle school and high school students. However, these programs should embrace the middle school/high school culture where motivating students becomes half the battle. Motivating students will lead to improvement and growth in all areas of academics. It is important to understand that what works for one school may not work in another. Each school has its own culture shaped by many external factors. Principals and teachers need to work together to figure out what aspects of a program are applicable to their school’s unique situation. With that in mind, we explore two different middle school/high school intervention programs. They were designed to motivate students to succeed academically to give those struggling students some much needed extra assistance 8th Hour/Saturday School Premise: Most students do not want to spend extra time at school. This program is aimed at two primary groups of students: Those students are below grade level in reading and/or mathThose students who often fail to complete or turn in work This  intervention program has been designed  with several strategies to help these students. Those include: Requiring students to complete incomplete or missing assignmentsProviding extra assistance on assignmentsProviding extra time to complete assignments when a student has been absentBuilding reading and math skills so as to prepare a student for state testing The intervention program should be run by a reading specialist or certified teacher and could be held during an 8th hour, or an immediate extension of the school day running every day. Students could also participate in this intervention by serving a Saturday School. This is not intended as student discipline but as an academic aid to success. Each of the four components is broken down below: Requiring students to complete incomplete assignments or missing assignments Any student who turns in an incomplete or a zero would be required to serve an 8th hour the day that assignment was due.If they complete the assignment on that day, then they would  receive full credit for that assignment. However, if they do not complete it that day, they should continue to serve 8th hour until the assignment is complete and turned in. The student would only receive 70% credit if they do not turn it in that day. Each additional day it takes to complete an assignment would also add to the count towards a Saturday School as discussed in point four.After three missing/incomplete assignments, then the maximum a student may  score on any missing/incomplete assignment thereafter is 70%. This would penalize students who continuously fail to complete work.If a student turns in a combination of 3 incomplete and/or zeros during a half-term period, then the student would be required to serve a Saturday School. After they have served a Saturday School, it would reset, and t hey would have 3 more incomplete/zeros before they are required to serve another Saturday School. This would reset at the end of each half term. Providing students with  extra assistance on assignments Any student who needs extra help or tutoring on assignments may voluntarily come in during 8th hour to receive that help. Students should take the initiative for this. Providing extra time to complete assignments when a student has been absent If a student is absent, they would  be required to spend the day that they returned in 8th hour. This would allow extra time to get the assignments and to complete them, so there is not as much to do at home.The student would  be required to collect their assignments the morning they return. Building reading and math skills so as to prepare a student for state testing After cross referencing state testing scores and/or other assessment programs, a small group of students could be selected to be pulled in two days a week to help improve either their reading level or math level. These students would be assessed periodically to monitor their progress. Once they reach their grade level, then they would graduate out in that area. This part of the program is intended to give students skills they are missing and needing to be more successful in math and reading. Fast Friday Premise: Students like to get out of school early. This program provides an incentive for students who maintain at least a 70% in all subject areas. The Fast Friday intervention has been designed to motivate students to keep their grades above a 70% and to provide extra assistance for those students who have grades below a 70%. Fast Fridays would occur on a bi-weekly basis. On Fast Friday our daily class schedule would be shortened from the traditional school schedule to accommodate an early dismissal following lunch. This privilege would be extended only to students maintaining grades of 70% or above. Students who have only one class in which they are below a 70% would be required to stay after lunch only for a short time, during which they will receive extra assistance in the class which they are struggling. Students who have two or more classes in which they have below a 70% would be required to stay until the normal dismissal time, during which they will receive extra assistance in each class they are struggling.

Prime Ministers of Canada Since 1867

Prime Ministers of Canada Since 1867 The prime minister of Canada heads the government of Canada and serves as the primary  minister of the sovereign, in this case, the monarch of the United Kingdom.  Sir  John A. Macdonald  was  the first prime minister since Canadian Confederation  and assumed office on July 1,  1867. Chronology of the Canadian Prime Ministers The following list chronicles the Canadian prime ministers and their dates in office since 1867. Prime Minister Dates in Office Justin Trudeau 2015 to Present Stephen Harper 2006 to 2015 Paul Martin 2003 to 2006 Jean Chretien 1993 to 2003 Kim Campbell 1993 Brian Mulroney 1984 to 1993 John Turner 1984 Pierre Trudeau 1980 to 1984 Joe Clark 1979 to 1980 Pierre Trudeau 1968 to 1979 Lester Pearson 1963 to 1968 John Diefenbaker 1957 to 1963 Louis St Laurent 1948 to 1957 William Lyon Mackenzie King 1935 to 1948 Richard B Bennett 1930 to 1935 William Lyon Mackenzie King 1926 to 1930 Arthur Meighen 1926 William Lyon Mackenzie King 1921 to 1926 Arthur Meighen 1920 to 1921 Sir Robert Borden 1911 to 1920 Sir Wilfrid Laurier 1896 to 1911 Sir Charles Tupper 1896 Sir Mackenzie Bowell 1894 to 1896 Sir John Thompson 1892 to 1894 Sir John Abbott 1891 to 1892 Sir John A Macdonald 1878 to 1891 Alexander Mackenzie 1873 to 1878 Sir John A Macdonald 1867 to 1873 More About the Prime Minister Officially, the prime minister is appointed by the  governor general of Canada, but by constitutional convention, the prime minister must have the  confidence  of the elected  House of Commons. Normally, this is the leader of the party caucus with the greatest number of seats in the house. But, if that leader lacks the support  of the majority, the governor general can appoint another leader who has that support or may dissolve parliament and call a new election. By  constitutional convention, a prime minister holds a seat in parliament and, since the early 20th century, this has more specifically meant the House of Commons.

A marketing plan to regenerate the area around Aberdeen Beach Essay

A marketing plan to regenerate the area around Aberdeen Beach - Essay Example Internal marketing audit, external marketing audit, competitor analysis as well as marketing review of the beach has been done in order to make the area attractive for the locals as well as visitors. Mission Statement The purpose of the tourist beach will be to provide an everlasting experience for the visitors of the beach by exposing them with clean and calm environment, latest adventure sports and activities, leisure areas, top class restaurants and nice places to hangout. The beach will be serving all demographic categories starting from kids, teenagers, youngsters as well as adults, professionals, middle aged and senior citizens. There will not be any gender bias and equal opportunities will be provided to men and women in terms of activities and events (Nimwegen, et al., 2008). The beach will be established keeping in mind the environment and local surroundings. The beach will also use latest technologies to keep the pollution and wastages at bay and will make sure that least a mount of wastes are dispersed in the surroundings (Fuchs and Diamantopoulos, 2010). Corporate objective The major corporate objectives of the beach authorities are as follows; 1. Tighten the security of the beach and its surrounding areas so that the trust of visitors and tourists on the beach safety is re-established. 2. Re-position the beach and its surrounding areas as a favourite destination for serene and pollution free holiday. 3. Increasing profitability and return on investment of the marketing and advertising strategies by ensuring proper monitoring and strategic implementation. 4. The corporate vision for the beach will be to provide their customers with the best holiday destination experience from beginning to end, with attractive environmental sites and engaging activities. Internal marketing audit Current situation At present, Aberdeen beach is going through a difficult situation. There has been a decline in number of visitors, especially the locals. Off late, the beach authorities have been criticised for growing unhealthy environment. The area surrounding the beach is not cleaned properly, leading to a garbage land. This has accelerated the growth of mosquitoes and other flies in the corners of the beach. Also, people have started complaining about the pungent smells because of the growing wastes. Another blow to the safety of the beach was done when a dead body was found inside the beach complex. The flow of visitors reduced drastically after the incident. Usage and facilities Currently, the beach is primarily used for walking, surfing and windsurfing. The beach is actually an array of many attached beaches, each having specific qualities and attractions. Thus, while few beaches are mostly used for walking and sigh-seeing, others famous for their high tides and surfing. The beach also has a popular amusement area. Apart from this, the beach is also surrounded by restaurants, cinemas, condones and parks. The Aberdeen beach is actually a part of the Queens Link which is famous for various other attractions such as amusement park, cinemas, restaurants, shopping centres and more. External analysis In order to do a macro and micro environmental analysis a PESTLE analysis of the Scotland tourism is done here. Political Scotland falls in the category of developed economies. Political situation is stable in Scotland. The major

Economic100 Essay Example | Topics and Well Written Essays - 1250 words

Economic100 - Essay Example Their portfolio ‘also includes some of the nation’s fastest growing beer brands, such as Hahn Super Dry and Boag’s Draught, and the leading light beer, Hahn Premium Light’ (Lion Nathan 2010). Lion Nathan appears to be in big trouble at the time this article was written and is facing severe supply issues. The strike occurred at Lion Nathan’s factories as a result of a dispute on pay rises. Brewery technicians at the beer giants western Sydney factory began ‘a week of strike action aimed at starving the amount of beer the company can supply over the peak summer period. The factory, which has been at the Lidcombe site since 1978, produces all of Tooheys beer - about 3.3 million hectolitres each year. Brewery technicians make up 84 of about 1100 of the brewerys workers but oversee the recipes and ingredients. The technicians are calling for a 4.5 per cent pay rise and say a 3 per cent offer from Tooheys parent company Lion Nathan is unfair.’ (Hills 2010). The first economic issue in this situation is that there are fewer players in the market. Lion Nathan seems to dominate the market, with a 43% share of the market in 2007 (Hills 2010). This signifies that beer production is a market in Australia which is largely an oligopolistic structure with few large players controlling the supplies. This not only means that the large players control the prices but also that the supply is largely inelastic. With the inelastic supplies, a shift in the demand curve could have a greater impact on the price than if the supply was elastic. The supply is the willingness of the producers to supply to the market at a particular market price. This supply curve is affected by the cost of production among several other factors. In the case of beer manufacturers in Australia, this cost of production has gone up which means that the supply

Walmart Comparitive Strategy Essay Example for Free

Walmart Comparitive Strategy Essay This paper looks at Wal-Mart Stores as the subject of study. This large United States based organization is recognized as the world’s leading retailer and has extensive global operational influence. Wal-Mart has been the object of much research, both by economists, trade organizations and scholars. This company has evolved from very humble beginnings to establishing itself as an ‘economic power’ in its own right. Wal-Mart opened its first store in 1962, in Rogers, Arkansas, based on its founder, Sam Waltons experience in the retailing sector during the 1950s, and a study he conducted prior to opening his first store. In 1972, the Wal-Mart stock was offered on the New York Stock Exchange which led to significant capitalization and growth. During the 1980s, Wal-Mart experienced rapid growth opening Sam’s Club members-warehouse stores and later Supercentres. A recent corporate press release sums up its current status, Today, 10,185 stores and club locations in 27 countries employ 2.2 million associates, serving more than 176 million customers a year† (Wal-Mart Corporate, 2012, p. 1). Understanding the Wal-Mart business model Wal-Mart’s position as the world’s No. 1 retailer inevitably invites strong competition worldwide. This in turn has strengthened this organization’s resolve to maintain their position by utilizing multiple strategies in order to maintain competitive advantage. One of their strategies has incorporated the ability to form relationships or partnerships not only in the United States, but also within the international environment. In order to implement its overseas representation, Wal-Mart has embarked on an expansion program, seeking to maintain both growth and profitability. Its primary methodology in securing partnerships with large overseas retail operations has been primarily by the acquisition of majority shareholdings. Much research has been conducted regarding the viability of acquisition and potential problems inherent within this corporate growth strategy. Effort is directed within this study to ascertain the long term viability of Wal-Mart’s implementation of modern economic principles. This analysis is conducted regarding opinions derived from researched sources either favoring the implementation of trade and comparative advantage utilizing the acquisition mechanism or perhaps the employment of less opportunistic methods. Moreover, the issue of costs and profit maximization will be evaluated relating to the Wal-Mart model in order to establish strategies that can be utilized in order to achieve optimal efficiency. However, there are conflicting viewpoints regarding the best methodology needed to enable such efficiency. Finally, attention is directed at the consumers’ choice, and how it is directed and influenced by strategies implemented within the Wal-Mart corporate business mod el. Competing viewpoints In evaluating trade and comparative advantage via the acquisition trail, Hayward (2002) suggests that multinationals tend to invest in overseas start-ups rather than acquiring existing overseas operations. His argument is based on the premise that for an organization’s planned entry into a foreign market, expertise derived from a multinational’s existing operational and marketing experience is more relevant to overseas market entry than the benefits derived from acquisition. However, he concedes that expansion by acquisition can be enabled by investing in existing overseas operations which have a similar corporate product and management function, or by acquiring a more diverse though related business model, which will allow for market changes to be factored into any risk analysis. Hayward and other sources are accessed, so as to provide a balanced viewpoint of an organization such as Wal-Mart; regarding its choice of acquisition strategy and its effectiveness in achievi ng growth and profitability. Costs and profit maximization is also looked at by enabling research into previously conducted studies. Wal-Mart has exploited costs and profit strategies by utilizing and capitalizing on its ability to offer products at rock bottom prices due to its enormous buying power and also committing suppliers worldwide contractually to price and cost control agreements. This has enabled this organization to take advantage of the economic environment in the U.S. and elsewhere within countries in which it has operations. This advantage leverages its buying power, allowing it to offer the ‘best deal’ by focusing on product costs and potential higher volume of sales; thereby maximizing its ability to impact global retail markets. Jones and Hill (1988, p. 160) maintain that a transaction requiring cost can be more effectively enabled if facilitated within the organization’s corporate infrastructure or â€Å"internalizing†, rather than by enabling such transactions within the marketplace. This paper looks at how Wal-Mart internalized its ability to control costs by facilitating a diversity of acquisitions within overseas markets. Apposing Jones and Hill’s (1988) findings, Denis, Denis and Sarin (1997, p. 135) point to studies which suggest that the â€Å"cost of diversification outweigh the benefits†. This paper seeks to establish more definitively the viability of costs and profit maximization via the acquisition methodology within the Wal-Mart corporate business model. Further attention will also be directed at ‘consumer choice’ and how it is impacted by costs and profit strategies incorporated within Wal-Mart’s operational function. Key to this organization’s diversification strategy has been its ability to supply and meet consumer expectations worldwide. According to research conducted in 1985, it was noted that consumers’ choice was driven by three variable buying habits (Quigley, 1985). Firstly, the consumer tends to select one choice when looking at a product even when offered many alternatives. Secondly, products on offer to the consumer are endowed with a large range of options and variety. Finally, the issue of price is a consideration that needs to be factored into the consumers’ expectations. Countering Quigley (1985), another source points to evidence suggesting that consumer participation is achieved not only by ‘price information’, but also by providing â€Å"non-price information† (Degeratu, Rangaswamy Wu, 1999, p. 8). Here their hypothesis maintains that allowing the consumer too much choice can compromise the consumer’s long term participation as a loyal customer. This tends to counter Quigley’s point of view, from which in part he suggests that the consumer is motivated by a ‘large range’ or variety of choice. Furthermore, Degeratu et al. (1999) argues that establishing consumers’ personal preferences enable choice to be restricted and issues such as price to be focused on specific product choices. This in turn allows the ability to negate competitors’ influence by diverting the consumers’ attention from a wide choice to a product personalized to include aspects such as price and brand. One of Wal -Mart’s key marketing strategies is to attract the consumer by the offering of ‘rock-bottom’ priced consumables. This paper endeavors to establish what really drives and captures consumer choice, with further attention allocated to further research sources in order to establish why Wal-Mart focus so much marketing attention on product price . Anticipated Evidence This study acknowledges that evidence from research offers numerous validated opinions related to the abovementioned trade and comparative advantage, costs and profit maximization and consumer choice. Based on evidence obtained relating to Wal-Mart’s growth and profitability, effort will be focused on accessing credible information from further sources that validates this organization’s decision to implement acquisition strategies that are both strategically sound and beneficial to both the supplier and consumer alike. Moreover, attention will be directed towards obtaining information and data that promotes Wal-Mart’s costs and profit maximization via strategies including the combining and internalizing of available resources. Customer choice will be further investigated so as to establish how this organization was enabled to achieve marketplace leadership by focusing on primarily on consumers’ expectations of price, whilst factoring in important considerations relating to brand and quality. While directing effort into the sourcing process, recognition will be given to the diversity of sources available, with viewpoints garnered from those sources perhaps not directly connected with economics or the retail industry. Additional Information Due to the significance of Wal-Mart’s dominant position within the international retail industry, consideration will be directed at additional factors that may be relevant to its growth and profitability. One factor that perhaps deserves some further researched evidence relates to overall management of costs, not only directly related to products (for resale), but also concerning the cost control of issues such as money transfer, exchange rate mechanisms and entry into overseas markets that is exposed to risks presented by cultural diversity and local traditions. Accessing these and other (perhaps secondary factors), may indeed shed light on this paper’s primary objective which is to establish how trade and comparative advantage, costs and profit maximization and customer choice impact and influence Wal-Mart, based on the variety of information and opinion sourced. Discussion Overview: Three Economic Strategies. Attention is now directed to ascertaining the importance of establishing factors that influence the economic viability of the Wal-Mart business model; whilst acknowledging its consistent historical growth pattern enabling it to become the world’s leading retailer. As briefly mentioned earlier, this study looked at various factors contributing to its critical competitive advantages, leveraged in part by its ability to set up overseas operations by investing in acquisitions. Utilizing the acquisition methodology of growth has raised concerns by previous research regarding if acquisition is the preferred or most efficient way to facilitate growth objectives on an international scale. Moreover, mentioned was allocated earlier to Hayward’s (2002) claim, in which a multinational’s accumulated operational and marketing track record is more influential to successful overseas entry than by enabling the acquisition of another business operation. Further attention will be given later in this study regarding the viability of international growth via acquisition. This study has also verified the implementation of ‘costs and profit maximization’ by the Wal-Mart management structure; thereby allowing this organization to utilize growing financial resources in order to maintain its dominant position within the international retail marketplace. Such dominance was facilitated in part by leveraging its enormous organizational buying power on a global basis in order to extract the lowest product cost from suppliers; thereby increasing the possibility of a higher profit margin. In turn, creating the lowest possible cost retail product range for resale purposes, has allowed effort to be directed to ‘consumer choice’, as without the vital component of consumer participation, no business can enjoy financial longevity or long term sustainability. Perhaps it is important to understand that within the law of economics, comparative advantage is enabled by one competitor retaining the ability to produce a product and service at a lower cost than other competitors; thereby creating an ‘inequality’ of competitiveness. It may be argued that comparative advantage can be further exploited by acquiring competitors rather than engaging in an environment of conflict. This raises the question whether the investment needed to effect acquisition is more financially viable than by directing financial resources to combating potential competitors. Another consideration propagating the argument towards favoring an acquisition suggests that this corporate strategy enables the utilization of resources from a base of existing suppliers and consumers; whereas starting from scratch in an overseas marketplace requires significant resources being allocated to catching up to existing retailers’ marketplace penetration. Strategy based on the latter option may result not only in ‘over-investment’ or excessive capital expenditure, but also necessitating additional time to be allocated to effecting a market entry strategy. As has already been noted, previous research has varying viewpoints regarding which route is more financially effective and sustainable. Therefore, the thesis of this study will be to establish that acquisition, effective costs and profit maximization and targeted consumer choice are invariably linked and are perhaps the most effective economic way to enable growth and profitability, especially pertaining to a large corporate infrastructure such as Wal-Mart. This idea will be demonstrated utilizing the Wal-Mart operational business model, both from a historical point of view and also from its current operational function. Implementation Viability: Three Economic Strategies. As previously noted, this U.S. organization has exploited these three strategies by utilizing the existing infrastructure, consumer base, experience and local knowledge of the acquired company. This has been achieved whilst capitalizing on its own ability to introduce sophisticated management and operating systems, derived and developed both in the U.S. and via a number of worldwide partnerships enabling the procurement of products at rock-bottom prices. In addition, significant investment into hardware and software technology has enabled this organization access accurate data and information quickly and efficiently. Perhaps one of its greatest business strategies in developing comparative advantages was the planned penetration of overseas markets, which may not have been so exposed to such a high level of expertise as their Western counterparts. This expertise has been derived from exposure to the ongoing development of business systems and comprehensive utilization of human resources. Their expertise also incorporated a company and management culture that encouraged the promotion of talent, including enabling the availability of both in-house and external based training. Furthermore, another strategic development facilitating their competitive advantage was the penetration of the Asian marketplace, an area of the world which had not been impacted so severely as in Western markets since the onset of the global economic recession in 2008. Furthermore, due to Asia’s lesser exposure to debt and systemically faulted credit mechanisms, Wal-Mart was able to exploit its penetration of Asian markets due to a higher consumer demand; thereby leveraging their enormous internal buying power by trading with economies such as China and India, in order to facilitate growth and profitability. Overall its penetration of international markets has enjoyed remarkable success and is endowed with multiple opportunities. This fact is verified by a recent analysis of the Wal-Mart business model, â€Å"Over time, the international segment probably has the greatest opportunity to improve sales and operating margin† (Forbes.com, 2012, p. 1). Their strategy of sourcing cheap products by utilizing their enormous purchasing power has enabled this organization to pass on the benefits directly to the consumer, thus facilitating their ability as a leading international retail competitor to compete effectively against more established overseas retail chains. Therefore, due to a severe competitive environment in the United States, Wal-Mart will no doubt continue to take advantage of overseas markets, which may allow it to further utilize their sophisticated management and monetary control systems within an easier and less competitive operating environment. To date, this organization has implemented this advantage by employing a corporate culture incorporating in part, international expansion and penetration by means of acquisition. Furthermore, Wal-Mart further developed their advantage over competitors by employing sophisticated exchange control mechanisms that reduced their risk exposure to fluctuations of foreign currency. Th ey achieved this in part, by pricing their revenues and costs utilizing a strategy of securing a fixed or more stable exchange rate on which to base their costings and revenue forecasts. Whilst acknowledging their obvious success which was enabled in part by their strategic management planning gaining access into global markets, further study from previous research is now directed to the critical evaluation of alternative overseas market penetration strategies. In addition, focus into the feasibility and effectiveness of costs reduction and profit optimization is also included within this investigation. Inevitably this study will also factor in the enhanced ability of the consumer to enjoy options that allow both choice of product, and increased purchasing power due to rock-bottom product pricing. According to a study conducted into organizational fit and acquisition performance, it is argued that acquisitions are known to â€Å"have a high failure rate—nearly half of all acquisitions are rated as being unsatisfactory by managers of acquiring firms† (Datta, 1991, p. 281). It is also surprising to note that companies and organizations targeted by acquiring companies have an above average chance (over 50%) of experiencing a fall in profitability. According to Datta (1991), challenges posed by the corporate targets of acquisition include implementing and combining the operational functions of both the acquirer and the acquired. This is indeed challenging in overseas markets where cultural differences and corporate practices are perhaps significantly diverse in nature. However, balanced against this argument, Datta (1991) did not constructively conclude that the same profit related challenges are faced by acquiring companies. It can possibly be inferred from Datta’s (1991) study that the benefit of acquisition may be more weighted in favor of the company conducting an acquisition. Assuming that this company assumes a majority control over the acquired company’s infrastructure and operational function including an existing consumer base and marketplace penetration, further suggests that the trade and comparative advantage lies with an incoming organization such as Wal-Mart. Supporting this thesis in part, Dussauge, Garrette Mitchell (2000, p. 100) claim â€Å"that no one business can create all resources needed to prosper and grow†, however they continue to maintain that â€Å"collaboration† (p. 100) between competing companies allows each company to possess and leverage â€Å"complementary resources† (p. 100); thereby enabling the exploitation by both participating companies of opportunities within the marketplace. Dussauge et al. (2000, p. 100) further adds that such collaboration facilitates the ability to ensure â€Å"survival and growth†. However, this paper cautions that based on Datta’s (1991) research, such exploitation may be more beneficial to the incoming acquiring company. Attention is now focused on the economic aspects regarding the maximization of profits and minimizing costs. Wal-Marts exposure to exchange risk is significant due to capital investment into overseas markets from which it is assumed that subsequent returns of investment (ROI) will in part be transferred back to the United States. Furthermore, issues such as incurring debt and ongoing initial overseas expenditure including legal costs are also budgeted necessities that require the enactment of currency control mechanisms. Also assuming the implementation of a larger and more diverse product range made available within the newly acquired overseas marketplace, accumulating procurement expenditure for resale products from overseas suppliers and business ‘partners’ will be to be factored into the ‘costs analysis’. To reduce its risk exposure to fluctuations of foreign currency, Wal-Mart has priced their revenues and costs by securing a fixed or more stable exchange rate on which to base their costings and revenue forecasts. The methodology employed to reduce exchange rate risks was by utilizing interest rate swaps; as a report studying Cash flow instruments points out, â€Å"The Company [Wal-Mart] was party to a cross-currency interest rate swap to hedge the foreign   currency risk of certain foreign-denominated debt. The swap was designated as a cash flow hedge of foreign currency exchange risk† (Wikinvest 2008, p. 1). This factor incorporating the leveraging of exchange rate mechanisms has continually facilitated maximized profitability and minimized costs. However, on a cautionary note, exchange rate mechanisms are by no means guaranteed to remove potential exchange rate losses, but can be seen to perhaps ‘dilute’ or lower the risk of foreign currency and exchange rate losses. Furthermore, due to Wal-Mart’s enormous purchasing power and ability to source the lowest priced products and services from cheaper overseas suppliers, minimal costs are achieved whilst also subsequently allowing the maximization of profits to be realized. Moreover, the benefits attributed by optimizing costs and profits, facilitates passing on to the consumer, both choice and low prices. However, revenue based on price and choice is not necessarily conducive and conclusive to enabling long term consumer loyalty. This was noted earlier in a study conducted by Degeratu et al. (1999), in which they argue that giving a consumer too much choice creates an environment in which competitors can compete on a level footing, whereas by personalizing the marketing away from price and a wider choice negates in part the threat from competitors. Conclusion Based on the aforementioned sourced evidence, this study suggests that enabling trade and comparative advantage is indeed viable by implementing expansion and growth via a strategy of acquisition. Despite evidence some pointing to the high failure rate of acquisitions and the possibility of achieving growth by internalizing expansion, such evidence does not disprove that the proven success already demonstrated by corporate organizations such as Wal-  Mart, cannot be continued to be planned and implemented. Perhaps the primary factor allowing this positive viewpoint of acquisition is regarding the significant time needed to build and develop market share in a new overseas market. According to Singh and Montgomery (1987, p. 378), internal development into a new market can take up to eight years in which to achieve â€Å"accrual of returns†. Further supporting acquisition, Singh and Montgomery (1987, p. 379). maintain that such markets may be â€Å"characterized by substantial barriers to entry†, further justifying Wal-Mart’s strategy of comparative advantage by acquisition. Accepting the relative initial high investment of acquisition, as compared to that of internalized growth, creating mechanisms to allow costs efficiency is of vital necessity in order to create positive cash flow and sustainable growth. These findings have showed that the combination of ‘purchasing power’ and mechanisms lowering the risk of exchange rate losses, have in part led to the success of one of the world’s largest companies. Additionally, acquiring existing overseas operational structures provides a company such as Wal-Mart the opportunity to offer the consumer the ‘best deal’ due to the collaboration, ‘expertise’ and infrastructure of two related corporate entities. However, this study would be remiss by not cautioning against the possibility of future areas of conflict between corporate collaborators, in the event of inequality of opportunity between collaborators as highlighted earlier in this paper by Dassa, (1991, p. 13).

The Hurricane :: essays research papers

Lyrical Analysis Presentation   Ã‚  Ã‚  Ã‚  Ã‚  On July 17, 1966, in Paterson, NJ, Rubin â€Å"Hurricane† Carter was contending for the heavyweight boxing title, when, one night, he was pulled over and suspected of a murder. There was no evidence or witnesses to prove the Hurricane guilty, but the cops needed somebody to blame; so they fixed the trial, and Rubin received the short end of the stick. He was put away for life for a crime he didn’t commit. This is a true story. The song was written by Bob Dylan to bring Rubin’s situation to the public. Rubin Carter was a black man; so many people, including judges and cops, just turned their head. The Hurricane’s verdict was changed after nineteen years in prison. He is now trying to live the life that was taken from him. Dylan’s song, â€Å"The Hurricane† explains how Rubin Carter was proven innocent, but found guilty.   Ã‚  Ã‚  Ã‚  Ã‚  Shots were fired, and a triple murder was committed. Two people were at the scene, Patty Valentine and a man, but there were no witnesses. The man next to the bodies said, â€Å"I was only robbin’ the register, I hope you understand.† Somehow this burglar is not suspected of the murder.   Ã‚  Ã‚  Ã‚  Ã‚  The number one contender for the heavyweight title is not even near the shootings. It says â€Å"Meanwhile, far away in another part of town, Rubin and a couple of friends are drivn’ around.† But he was pulled over anyway â€Å"just like the before and the time before that. In Paterson, that’s just the way things go. If you’re black you might as well not show up on the street ‘less you wanna draw the heat.† People were very racist back then, and therefore a black man was always suspected before a white man.   Ã‚  Ã‚  Ã‚  Ã‚  The police are at the scene gathering information. The burglar and his partner said they saw two middleweights running, and Patty Valentine agreed with them. A cop sees that the bartenders not dead, â€Å"and though this man could hardly see they told him he could identify the guilty man. The cops have to find a person to blame, and even though it doesn’t say it in the song, Rubin has had trouble with the Chief of Police when he was younger.   Ã‚  Ã‚  Ã‚  Ã‚  Rubin is hauled to the hospital, so that the bartender could identify him. â€Å"The wounded man looks up through his one dyin’ eye, says, wha’d you bring him in here for?