Thursday, October 31, 2019
What is the proper role for public schools in the promotion of Essay
What is the proper role for public schools in the promotion of democracy - Essay Example Apart from this, there are characteristics of a democratic society which public schools have to assist the public in developing and maintaining. Such are the ability to accommodate and resolve disagreements, accommodation of people with different beliefs and views, and respect for others with differing opinions. Because of these characteristics, a society only maintains such a state if the citizens are able to deal with disagreements and resolve them, respect people with differing views and understand a society composed of different people, with different perceptions about various things in life. Education promotes all these characteristics through provision of knowledge and wisdom: To deal with the disagreements and resolve the; to understand how to treat people with different beliefs and views; to understand the consequences of empathy and flexibility in dealing with other perspectives, and to respect for others with differing positions. The proper role of public schools is through provision of knowledge and wisdom. With these two, the individuals will be able to understand the meaning of civil rights and liberties in the society. The civil rights and liberties define a democratic society. Democracy: From our group discussion, there are common characteristics to what members thought about democracy; freedom, equality, and protection of peopleââ¬â¢s rights. Democracy is a state in a society where everyone has a right to his or her social and political views, has equal rights to the management of the society. It is a state, in which everyone can present a voice, and everyone is allowed to participate in political, social and economic activities of the society (Discussion Group Dialogue). All the group members agreed that the primary good of public education is public. The reasons given for this argument is that public education provides an equal opportunity for everyone
Tuesday, October 29, 2019
Consider, with detailed attention to evidence, themes, thinkers and Essay
Consider, with detailed attention to evidence, themes, thinkers and theories encountered throughout this module, connections bet - Essay Example Considering key aspects of the modern to be scientific objectivity, technological development advancing from agricultural communities to complex economies, centralization, industrialization, mass-production, and so forth, democratisation is both conceptually and historically aligned with all of these aspects of modernism. This is important, for the democratisation movement can be dated to the late 18th century with the American and French Revolutions implementing the Enlightenment ideals of philosophers such as John Locke, Adam Smith, Rousseau, and others who built on the cultural heritage of the Renaissance period in Europe. Just as the Renaissance era symbolized a rebirth of the Classical aspects of Greek and Roman culture, particularly philosophy, poetry, art, and mythology after a millennium of ââ¬Å"Dark Agesâ⬠in Europe, so too Modernism took the best of these developments and made them the foundation for modern secular democratic culture. Yet, historians note an interest ing anomaly when it comes to the discussion of democracy historically and its roots in ancient Greek philosophy as politics. As F.A. Hayek writes in "The Constitution of Liberty," - Chapter 11: "The Rule of Law," "Individual liberty in modern times can hardly be traced back farther than the England of the seventeenth century... And for over two hundred years the preservation and perfection of individual liberty became the guiding ideal in that country, and its institutions and traditions became the model for the civilized world." (Hayek, 1960) Hayek makes an important distinction between Greek democracy as idealized by the Enlightenment philosophers and how it evolved conceptually as a practice of government and means of organizing society. He states, ironically, Greek democracy disappeared from the time of its idealized roots in Athens to the time of the American and French revolutions ââ¬â that it was not used, referenced, or put into practice at all as a basis of government u ntil the fundamental revolutionary change that ushered in the modern era. Thus, it is valid to view democratisation and modernism as both arising out of the ideals of the Enlightenment and the Industrial Revolution. On this basis, the capitalists will additionally claim that the free market system is essential and interrelated with this process of democratisation, and that the democracy/free-market system represents a natural stage of development for societies that are evolving out of feudal structures to become modern States. Hayek positions England rather than America or France as the source of ââ¬Å"individual liberty in modern times,â⬠relating it to the struggle to institute democratic government in opposition to monarchy and royalty. However, it is extremely important critically that Hayek separates the processes and ideology of ââ¬Å"liberalismâ⬠from that of democratisation. In simplest terms, liberalism is the ideology of freedom or liberty that seeks the most m inimal restraint on self-determination and autonomy of the individual, including the mental, spiritual, and physical aspects of self-development and self-realization. This is differentiated from the ââ¬Å"democratic,â⬠which relates more formally to the system of government. This duality is evident in
Sunday, October 27, 2019
Defensive Strategies By Cadburys Against Craft Marketing Essay
Defensive Strategies By Cadburys Against Craft Marketing Essay Discuss the types of defensive strategies available to target companies and in particular, describe the strategies used by Cadbury to, albeit unsuccessfully, defend the bid by Kraft. With the development of economy and technology, competition among enterprises is becoming increasingly intense. Many companies decide to expand their companies scale and business through mergers and acquisitions to achieve maximum profits. Takeover is a business behaviour that one company is purchased by another one. There are several types of takeover, including friendly takeovers, hostile takeovers, reverse takeovers and backflip takeovers. Even though some mergers and acquisitions can bring about synergy and more substantial profits, some takeovers are not welcome. Therefore, a large numbers of measures are taken by target companies to defend the hostile takeover. In this essay, I state different types of takeover defence and their characteristics. Furthermore, I introduce their practical application taking the merger of Kraft and Cadbury as an example. Different types of defensive strategies Defensive strategies can be classified into active measures and preventive measures. Active measures consist of greenmail, standstill agreement, white knight, and so on, while preventive measures are made up of poison pills, people pill and other defences. In particular, greenmail, poison pills, staggered board terms and supermajority rules are common used defensive strategies by incumbent managers. Greenmail is purchasing enough shares of the target company to threaten its shareholders interests and then forcing the target company to agree to buy the bidders stock back at a premium as long as it does not want to be taken over. It has brought fabulous profits for investors. For example, in June 1979, Icahn Corporation in the United States bought 9.9% of the shares of the Saxon Industries Corporation at $7.21 per share. And in February 1980, Saxon repurchased its own shares held by Icahn Corporation at the price of $10.50 per share. Icahn also bought 10% of shares of Hammermill paper Corporation at 25 dollars per share in the late of 1979. After that, the latter bought back these shares held by Icahn at the price of 36 dollars per share. Icahn totally invested $20,000,000 in the merger activities and made 900 million dollars profits after these stocks were repurchased. As the US tax law regulates that the income from greenmail should pay 50 percent of the tax. Moreover, disputes often lead to high legal costs, as a result, the use of this takeover defence are greatly restricted. Stock price of the target company usually goes down after it pays greenmail to the firm which want to take over the company. For instance, in 1984, David Murdoch held 5% of Occidental Petroleums stock and forced it to take measures to increase the value of its stock. Occidental Petroleum responded to the pressure by buying Murdochs shares back at a substantial premium to the fair stock market price. It repurchased the 5 percent of stocks at a price of $40.1 per share instead of the market price of $28.75, that is, it enabled Murdoch to gain the extra 42 percent of profits to the market value and made the total profits up to 56 million dollars. After paying greenmail to Murdoch, the market price per share of Occidental Petroleum stock dropped by $0.875, indicating the market value of the company declined over 80 million dollars. Since the stock price had decreased before the announcement of the repurchase, the actual losses were more than $80 million. A poison pill, which is also called a shareholder rights plan, is the most effective defence strategy. It was devised in the mid-1980s which forced the acquiring firm to negotiate the purchase price of the stock with the target firms board of directors, rather than negotiate with shareholders directly. Even though there are different kinds of pills, they have one thing in common that they increase the cost of takeover as a transfer occurs from the bidder to shareholders. Poison pills are forbidden in some countries such as the United Kingdom. In Europe, due to the complicated political environment and the uncommon explicit poison pills, many governments can prevent companies from buying other firms by taking a series of political actions, but some hostile takeovers may be successful. There are five types of poison pills, including preferred stock plan, flipover rights plan, ownership flip-in plan, back-end rights plan and voting plan. Flipover rights plan is the most popular takeover defence in these five kinds of poison pills. Shareholders of the target firm have the right to buy stocks of the acquiring enterprise at a discounted price after the merger, which is equal to a stock dividend. In the event of the acquisition, the number of shares held by the bidder will decrease as well as stock prices. If Corporation A decide to merger with Corporation B and Corporation B have the option to purchase As shares at a discount, the acquisition cost is quite expensive for A so that it may choose to give up the acquisition of B ultimately. An acquirer which has gained over fifty percent of a target firms stocks may be unable to take over the company as some companies have regulations that who acquire at least two thirds supports from shareholders and sometimes 90% of shares have the right in charge of the company. Staggered board of directors or classified board refers to that the board of directors is divided into different classes, and companys articles of association formulate that only a part of directors, commonly one third or one fourth, can be re-elected each year. The measure means that even if the acquirer has held enough shares of the target firm and gained control of the company, it can neither make a substantive restructuring of the board of directors nor immediately take over the board of directors. The staggered board of directors plays a significant role in delaying the process of hostile takeover. As the majority of directors in the board are original, they still hold the majority voting power and contr ol the company. They can decide to broad investments and increase their shares to dilute the bidders stock shares, or take other actions to achieve the purpose of anti acquisition. Staggered Boards is an effective takeover defence that has less impact on share prices. Case Study: Cadburys defences against the bid of Kraft Cadbury is an international company to produce, promote and distribute sweets and beverage products. It is the worlds second largest confectionery company as well as the second largest chewing gum company. Kraft food is the second largest food company in the world, whose core products are coffee, candy, dairy products and beverages. It has over sixty thousand employees around the world and has launched business in 145 countries. Even though the American blue-collar are enthusiastic about Kraft products, Krafts sales performance was far less than expectation as its revenue declined by 6%. Due to the excessive reliance on low end market and the lack of new growth points, Kraft faced a crucial decision: one was introducing new products and promoting a new brand, the other was taking over the existing namely brands. On 28 August 2009, Rosenfeld, the chairman of Kraft, proposed an offer to absorb Cadbury at a price which was 31% higher than the closing price at that day and amounted to nearly 10.2 billion pounds. Although Roger, the chairman of Cadbury realized that the development of the company size had suffered bottlenecks, he convinced that in the acquisition game, Cadbury would be able to reap the initiative opportunity. On 7 September, Cadbury formally stated that it rejected Krafts acquisition, because the proposed acquisition greatly underestimated the value and development prospects of Cadbury. Because of the acquisition news, Cadburys share price rose by 37% at that day, causing its total market value up to an unprecedented 106 billion pounds, which was more than Krafts bid. On September 22nd, intolerable Cadbury asked the British MA supervision institution to give a ruling to Kraft, forcing it to nail down before the 9 November. If it cannot submit a more reasonable offer, Kraft would not take acquisition activities within at least six months. Immediately, Rosenfeld said that Kraft did not have to take over Cadbury. This made a lot of Cadburys shareholders begin to worry that Cadburys share price would collapse if Kraft gave up the acquisition. Roger appeased shareholders and he believed that refusing the acquisition and remaining independence of Cadbury could bring about best interests to shareholders. Cadbury was confident of its independent strategy and development prospective in the future, while merging with Kraft, which had low growth, may have an obscure prospect. On October 21st, Cadbury released the third-quarter financial statement which indicated that the quarterly revenue rose by 7%. On that day, its stock price reached a record high, with a total market value as much as 11.08 billion pounds. Shareholders of Cadbury took the opportunity to express that if Krafts offer was 122 million pounds, they were able to discuss on the issue of acquisition. This price was 20 billion pounds higher than Krafts original offer price. On 9 November, Kraft announced that it would launch a hostile bid for Cadbury in accordance with the previous offer. In late November 2009, the US Hershey Corporation, the Italian Ferrero Corporation and Nestlà © of Switzerland had expressed their willingness to bid. Therefore, Cadbury must not be so easily accept Krafts offer. Because Kraft is not the only one which tended to take over Cadbury, while Cadbury is almost the only choice for Kraft. Roger Carr said that Cadbury preferred to merger with Hershey rather than Kraft, because this merger was expected to generate higher earnings per share. It was reported that the directors of Cadbury secretly contacted Hersheys directors to encourage it to act as a white knight and launch a tender offer in order to compete with Kraft. It is a takeover defence known as white knight. When a company become the hostile takeover target, it may invite another company to make friendly acquisition proposal to defuse the pressure of hostile takeovers. The company which is invited to help the target firm defend hostile takeovers is called white knight. Success for the Cadbury takeover would bring about less synergy and make Nestle face antitrust scrutiny, while Hershey had no ability to bear acquisitions without Ferreros assistance. As a result, they gave up taking over Cadbury. Finally, Krafts merger of Cadbury was successful at the price of $19.5 billion. Conclusion Takeover defences mentioned above are effective and commonly used measures to resist the hostile takeover of acquiring firms. Different strategies have different characteristics and applications. For instance, staggered broad of directors has less influence with the companys stock price than greenmail, while poison pills are forbidden in some countries. The merger of Cadbury and Kraft is a well-known and significant MA case in this century. Even if Cadbury had taken a series of actions to defend Krafts takeover and achieve some results initially, causing Kraft had to sell its pizza business at a super low price and issue new shares, eventually, Kraft gained the victory of the campaign. In my opinion, adopting efficient defensive strategies do not mean obtaining desired results. The surrounding economic environment and views of counterparty also play a vital role in merger and acquisition activities.
Friday, October 25, 2019
Japan :: essays research papers
In 1868, Japan underwent radical changes in social aspects as well as economic matters. A ministry of education was soon created in 1872, and in the same year, a strict education code was formulated. The government greatly wanted to industrialize in order to prevent foreign rule. The government sent students to Europe and America in order to learn Western ways. In 1877 the first college, the University of Tokyo was created. Japan quickly became more Western like. Japan in order to increase its industry needed raw materials something in, which the mainland lacked. The only way to gain these was by buying from larger countries or conquering new territory, which had the needed raw materials. Japan wished to gain footholds in Korea, China, and Manchuria but at the time, Russia had already gained footholds in these areas. Japanââ¬â¢s greatly modern military easily defeated the Chinese army and navy over the matter of Korea in the Sino-Japanese war. (Encarta Japan) à à à à à In 1894, Nicholas the 2nd ascended to the throne of Russia. Although he was a good man he was a weak ruler easily dominated by others. With revolutionary trouble at home and the disagreement over Manchuria with Japan, turmoil soon broke out in Russia. Afterward, a compromise with Japan on the Manchuria issue was unsuccessful. Diplomatic ties were broken in early 1904, which prompted a surprise attack, by the Japanese navy on Port Author. The attack was hugely successful. Many of the Russian ships were damaged or destroyed in the attack. News of this brought great civil strife in Russia with a revolutionary fever in the air the people called for reform but the Czar declined the warning. (Encarta Russia) à à à à à In March 1904 the Japanese 1st Army landed at Chemulpââ¬â¢o. It faced Russian forces on the Yalu river by late April. The Russian commander, General Aleksey Kuropatkin decided to hold defensive position until reinforcements arrived. The Japanese commander however built up a 6 to 1 troop advantage and a breech of the Yalu river was forced on May 1st. During May the Japanese 2nd army landed on the Liaodong peninsula. It quickly severed communications between Port Author and the Russian forces in Manchuria. It then captured Kinchow and won the battle of Nanshan on May 30th. Soon the 2nd army besieged Port Author. The Russian commander Kuropatkin was personally ordered by Nicolas the 2nd to hold Port Author. Kuropatkin decided to move his main forces to Liaoyang.
Thursday, October 24, 2019
Employee Privacy Essay
Failure by employees to adhere to work ethics especially in the advent of Internet has led organizations to engage employee-monitoring activities. Where employees adhere to the professional code of conduct less challenges and problems in terms of bad conduct, scandals and conflicts are avoided in the work place. Security and Privacy have become synonymous with Internet use. Rarely can any one think of doing online transactions without first worrying about the twin issues of security, and privacy. Internet security is particularly a tricky and complex phenomenon because of the lack of universality in implementation of various security policies and acts. Secondly, the advent of Internet as well as its ever-rising relevancy and popularity has caught many stakeholders including governments, software companies as well as regulatory agencies by surprise. At first, few would imagine that Internet could be used negatively by employees. However, this has in recent times become a reality and employee abuse of office resources can authoritatively be termed as one of the most dangerous crimes facing organizations today. Finkin, 1995. Professionalism is the practical behavior portrayed in a place by both the employer and employee. Professionalism entails a number of characteristics key of which are the right focus towards the job, positive attitude and being goal oriented. Whether employee monitoring is professional behavior or not is very much debatable but definitely it is unfair for an employer to jump into secretly monitoring and surveying employees in the work place without their consent. Once employees notice that, they are under surveillance they are likely to become irritated and betrayed. As much as employersââ¬â¢ have a right to take all measures possible to cut down costs of production especially by minimizing wastage, this should be applied up to agreeable limits without infringing on personal freedom. Professionalism involves display of interest in the job, good communication skills, work etiquette, accountability and commitment to teamwork. If both the employer and employee adhere to professional conduct in their respective roles, incidences, which warrant surveillance, would significantly drop. In some instances, some employers rush into surveillance at the slightest provocation and sometimes the fear is not warranted at all. Majority of the organizations are rushing to install monitoring systems not because of security threats but rather because of technological evolution. S. Elizabeth, 1998. Their argument is valid bearing in mind that many organizations are keen to embrace modern information technology for the sake of public relations as opposed to warranted situations. Revolution in information technology has impacted on professionalism in that employers are more likely to overlook the professional aspect of a decision in favor of technological advantage, which comes with the kind of decision. Interestingly, many managers do not carry out studies to establish the employeesââ¬â¢ attitudes towards such a decision before making those decisions. Privacy. Privacy can be defined as the personal interests touching on the individualââ¬â¢s right to personal space, whereby freedom from interference is guaranteed by the state or the organizations one works for. Hunt, 1984. Privacy of personal communication in the work place is jeopardized when an individualââ¬â¢s communications is tempered with, therefore curtailing the freedom of communication of the individual. The most common way this occurs in organizations is whereby the employer or management tracks and accesses employee communication otherwise not meant or directed to them. This occurs when employers use modern technology such as electronic surveillance to hack employeesââ¬â¢ private information. A recent business survey on the extent of electronic surveillance in work places in US established a growing trend of employers in many corporate organizations using modern technologies to hack employeesââ¬â¢ private information. This is alarming especially when it is coming in the wake of employee concerns about the advent of one being surveilled against their wish all day long. The prospect of gathering and sharing information amongst departments in organizations has made it easy to conduct business while at the same time cutting cost of communication dramatically. According to current research findings, it is approximated that most companies save up to 20 percent of operational costs by embracing modern technology. Finkin,1995. This is a significant amount of revenue considering that businesses exist to make profits by embracing effective and efficient technology. This leaves no doubt that effort to embrace information technology as long as it is applied in the right way is welcome. Despite the ranging debate on the right of employees to privacy, the employers seem to justify their action and every step of it. Before the advent of surveillance technology in the local organizations, the existence of employee theft especially in retail companies and in some key departments in organizations was a common occurrence. Finkin, 1995. Employers monitor employees for three major reasons; one legal liability, security, and productivity. All the three reasons put forward seem to be justifiable reasons but there is a need for legislation to govern the process for such legal framework lacks in most of the organizations. Majority of the big organizations in USA have adopted monitoring as way of ensuring security and not mainly for surveillance of employees. The latter is not a priority but employers cite it as a good deterrent to those employees who may want to misuse company property. Although the main purpose put forward for the introduction of the monitoring system was for the purposes of detecting crime, it is worthy mentioning that employers do use evidence garnered from the cctvs in apprehending workers for gross misconduct in the work place. McWhirter, 1989. In conclusion, it is not fair for an employee to oppose being monitored while he/she continues to act unprofessionally in the workplace. No employer will risk their business at the expense of employee privacy. It is therefore worthy noting that, depending on the situation, monitoring employees can be justified as long as it makes business sense.
Wednesday, October 23, 2019
Compound Crusher with Substantial Efficiency Satisfies
China's economic climate and continuous exploitation of mineral assets, compound crusher has acquired far better improvement. SUB Mining Machinery Co. , Ltd. Is often a incredibly strong enterprise, our artificial sand making machine, excellent traits and cost-performance stands out in fierce industry competition, and that is broadly recognized through the industry. The elements influencing manufacturing efficiency of compound crusher are a variety of, of which one of the most vital elements are hardness, humidity, viscosity ND ingredient.Elements with higher harness have bigger abrasion of tools, which also lower crushing means and crushing velocity of gear at the same time. Meanwhile, production efficiency of products with wonderful humidity, viscosity and more fine powder articles is lower. Moreover, the larger necessities of fineness of crushed materials are, the reduced the crushing efficiency is. Reliable excellent, excellent overall performance, state-of-the-art engineering, r easonable structure and good wear-resistance are also the important thing aspects affecting production efficiency of compound crusher.Market place competitors Is Increasingly fierce, so, the compound crusher ought to continuously strengthen Itself to satisfy production demands. One of the most outstanding traits of compound crusher are sensible framework, reduced operational cost, high crushing efficiency, power conservation, dual perform of coarse and fine crushing, low noise and so forth. It might crush elements with higher hardness, to not mention elements with small hardness. Crushing and screening equipment application Is comparatively affordable and scientific.When applying compound crusher, take note of adjustment and mastering of crushing force. You'd better decide on a proper crushing force for each kind of supplies. , consequently realizing selective crushing. Along with Improvement and Improvement of science and technologies, financial construction puts forward higher nec essities on automation degree of mining equipment. Hence, mining enterprises must constantly Inject new technologies, accelerate upgrading of products and make Improvements to core competitiveness. Grinding media balls priceAt current, SUB compound crusher Is playing Increasingly more vital part In Infrastructure building. So that you can much better satisfy demand of Infrastructure projects and Industrial manufacturing, compound crusher need to constantly make Improvements to ablest of Independent Investigation and Innovation. Crusher enterprises should generate more crushing machines with valiantly conservation, environmental production and higher efficiency so as to create dilation contributions to environmental safety undertakings. Http:// Compound Crusher with Substantial Efficiency Satisfies Production DemandBy Livingston Market place competitors is increasingly fierce, so, the compound crusher ought to continuously strengthen itself to satisfy production demands. One of the m ost application is comparatively affordable and scientific. When applying compound decide on a proper crushing force for each kind of supplies. , consequently realizing selective crushing. Along with improvement and improvement of science and degree of mining equipment. Hence, mining enterprises must constantly inject new technologies, accelerate upgrading of products and make improvements to coreAt current, SUB compound crusher is playing increasingly more vital part in infrastructure building. So that you can much better satisfy demand of infrastructure projects and industrial manufacturing, compound crusher need to constantly make improvements to abilities of independent investigation and innovation. Crusher enterprises should generate more crushing machines with vitality conservation, environmental production and higher efficiency so as to create additional www. Heterogeneous. Com/pro]etc/artificial-sand-making-machine. HTML
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