Thursday, October 31, 2019
Jeffersonian Political Idealogy Essay Example | Topics and Well Written Essays - 1500 words
Jeffersonian Political Idealogy - Essay Example Jefferson’s influence was instrumental from the beginning. Having authored the Declaration of Independence, he objected to the wording of the Constitution on various points, among these that it made no provisions for individual freedoms, that there were no term limits for the chief executive, and that there was no guarantee of state rights. These objections led to the first Ten Amendments, also known as the Bill of Rights. The last of these amendments stated specifically that "all powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States or to the people," which came to be a focal point for much of Jefferson’s following political career. With the United States so newly founded, there were many matters of governance still to be addressed. One of the first issues to arise involved Alexander Hamilton’s proposed fiscal plans, which involved the creation of a federal currency and banking institute. The creation of this agenda would ultimately give the national government control over the economy, creating a balanced unification throughout the country while at the same time removing the states’ rights of minting their own currency to control inflation. Because this would help centralize the federal government position of authority, Hamilton and his supporters became known as the Federalists. Jefferson fought this plan, fearing that by all power being given to the Capitol, it would negate the system of checks and balances that had been designed. The Bank of the United States was established in 1791 over Jefferson’s objections, but was given a twenty year charter of operation. The charter, when reviewed at that time, was not renewed, primarily for the initial reasons of contention. More important than fiscal matters, however, was the establishing precedent of opposing political parties. Thomas
Tuesday, October 29, 2019
Retail or Wholesale Research Paper Example | Topics and Well Written Essays - 250 words
Retail or Wholesale - Research Paper Example marketing retail goods is disadvantageous in that the retailers do not enjoy discounts when buying goods in bulk as wholesalers do when buying from manufacturers. Retail goods face the challenge of having a low turnover rate, as compared to wholesale goods. This is as a result of selling goods in pieces to consumers; however, wholesale goods have a high turnover rate since many retailers buy from wholesalers in bulk. Another challenge faced when marketing wholesale goods is the risk of wholesalers experiencing a huge loss when retailers fail to buy their bulk goods (Bridges & Strelzoff, 2011). A possible new market segment for a video game is the air industry. The target is families with kids less than 10 years boarding long flights. The business strategy will involve collaborating with airplane companies, which will result in installing the video game devices on airplane seats so that kids can play when on board (Klaas & Gainey, 2007). In essence, the marketing strategy entails selling the video games to airline companies. The conventional way of passing time during a flight is watching T.V., listening to music or reading a magazine. This marketing strategy is different in that it involves passing time and entertaining kids during a flight (Whysall, 2011). Klaas B, Gainey T. (2007). Professional Employer Organizations and Their Impact on Client Satisfaction With Human Resource Outcomes: A Field Study of Human Resource Outsourcing in Small and Medium Enterprises. Journal of Management ,
Sunday, October 27, 2019
Influences of Japanese Culture and Cuisine
Influences of Japanese Culture and Cuisine Globalization can be described as an ongoing process where resources, believes, ideas and technology from different cultures are integrated to each other and promote new ways of thinking and practices among the society. As a continuing progression, globalization aroused from the influences of other cultures, which has been adapted with the local cultural conditions and modified to fit in the context of social behaviour. The external influences will directly override some local particularities, and the culture itself will be altered, or maybe damaged, or even enhanced, according to the perspective of society life. Therefore, the expression of culture itself will be interpreted and analysed in different way which encouraged the people to think, act, and learn the new disciplines in every aspect of life. These processes, hence, have an outcome of a cultural diversity, in which introducing the local values in global culture. In other words, it offered a global and local linkage of social changes that happened in the nation. Looking through the contemporary social life, globalization has become a major issue all over the world. Many countries have developed new approaches in most of the living aspects, and transformed peoples lifestyle in order to follow the major flow that happened globally. In todays modern days, globalization can act as a tool to open the opportunities of influence by other countries, and expand the cross-cultural interaction that may build up the cohesion among the nation. Globalization, however, implies to westernization in present days. The nature of western countries seems to appear as a science based tradition and the world is highly developed towards that tradition, as a sense of control. These global forces appear to superficially standardized and homogenized cultures, and equivalent to westernization. Majority of cultures are converging to the western standards, local identities have been replaced with global culture, and western values have become significant trends in this modern world. Looking at Singapore, a cosmopolitan city, where variety of cultures merges together, is one of a good example of a country that embraces globalization. Besides accepting the westernization, Singapore has been spanning borders through other cultures, such as Malay, Chinese, Indian, and Caucasian. These four interwoven cultures has created a genuine blending of traditions, believes, and ideas. A fusion of cultures in which Singapore brought in, has created a multi-disciplinary notions and practices, rooted in many cultural traditions. This synthesis has altered and transforms the peoples way of life according to the local context. On the other hand, not only western value that the world, including Singapore, has been developing on, but also majority of the countries have welcoming influences from Asian culture. Japan has brought a significant shift in the worlds globalization. Beside westernization, it has been become a popular culture among the world. Japanese culture has generated a different approach in global trends. Its tradition does not rest on science based technology and for them technology is a choice, not a necessity. Japan has greatly developed their long standing traditions towards something that instinctive rather than rationalistic way of thinking, like what the western do. Japan has its own original characteristic, which has a capacity to adapt and integrate new forms and function. Hence, there is no doubt that Japanese influence has an impact on the worlds culture, such as, in space, design, architecture, style, and even food culture. There is no large city in the world in which a Japanese restaurant cannot be found. Far from being a passing fad, Japanese cuisine is an establishment item in restaurants all over the world. The popularity of Japanese food is in part due to its reputation as a healthy alternative and also the curiosity and willingness to constantly introducing new tastes in their daily meals. Japanese way of dining, since the olden days, has put emphasized on food arrangement as a piece of art. For the Japanese, food must be enjoyed visually and pleasing to the eyes. They have developed the aesthetic sense to design exquisite harmony between colours, texture and shape throughout the food arrangement. This visual pleasure is an essential prelude and accompaniment to the savoury pleasure that follow. The influence of Japanese cuisine has been successfully creating a new atmosphere in Singapore food culture. It is proven that Singapore people accepted the taste and ambience of Japanese food by looking to the increasing number of sushi chain restaurant, such as Sushi Tei, Sakae Sushi; numerous traditional and contemporary Japanese restaurant, and also Japanese themed food court such as Ishimura and Manpuku. The diversity of food which has been influenced by Japanese cuisine, has become an inspiration for the designers to introduce innovative and exciting solutions to design dining spaces, through the essential aspect of Japanese dining and design in new ways that suit todays restaurant-goers. Recognizing the context of social behaviour in Singapore, innovation is the key elements for Singaporean. In terms of food culture, people like an excitement and it is a challenge for them to try something fresh and different, both in food and also ambience of dining space. Experience is another strong point, another extra ordinary atmosphere can attract people to get in and try a new restaurant. Besides the tendency to look for new things, the image of Singapore as a fast paced country gave an impact to the society. The time-oriented and multi-tasking people have built a busy working environment and hectic lifestyle in this metropolis city. Consequently, they are likely dont have time to have the luxury of enjoying social fellowship during the weekdays. This could be why it seems that forms of entertainment in Singapore tend to be designed to fit peoples activity on weekends. The big leisure activity that Singapore offers is shopping. There are numerous numbers of malls and shopping centres have been build or even renovated to drag people in the shopping as an attraction. Other than shopping; casinos, theme parks, nature reserves, are the other forms of leisure that Singapore provided. Despite the fact that all those type of facilities can serve as a very relaxing and stress relieving activity, people need to spend their time on weekend to do these activities. By aware of the complexity of the contemporary condition,
Friday, October 25, 2019
New beetle Essay -- essays research papers
Case9 : New Beetle EXTERNAL ANALYSIS 1.     Market definition New beetle is competing in the small size car industry in the US market. 2.     Market size In US market, the total of small car sales in 2,217,813 units, which is equivalent to 32 million dollar. Market size in dollar term = 2,217,813 * ($11,035 to $18,000) = $ 32 million In 1998, New beetle sales is 137,885 units, which is 6 percent of the market. Market share in 1998 = 137,885 = 6 percent.                2,217,813 3.     Market growth The industry is considered to be in the position between the growth and maturity stage. Considering the innovation and continuous car developments are still taking place, there are still good signs for the growing factors. Moreover, the industry is less attractive to enter at the moment because of the already established industry. The car manufacturer is approaching the maturity stage of the industrial life cycle. However, based on the small car sales in 1996 (2,322,021 units) and 1997 (2,217,812 units), the market is declining by 4 percent. Market growth = 2,217,812 - 2,322,021 = - 4 percent                2,322,021 4.     Key Trends †¢Ã‚     Socio-cultural: American consumers have ever-changing demands attitude and there is a trend of aging population. The baby boomers customer has a change preferences as they are changing preferences to larger cars-sedans, SUVs and pick-ups. †¢Ã‚     Economic: During the 1970s, the appreciation of the Deutsche Mark against the dollar threatened to price VW’s cars – most of which were low or mid range models – out of the market. The 1982 recession, drop in oil prices, and the declining popularity of hatchbacks contributed to the declining sales. †¢Ã‚     Technology: In this industry, it is important to always keep up with technology in order to satisfy customer’s demands. Volkswagen offered the benefits of German engineered cars, which are perceived as high quality cars. For instance, with the New Beetle, VW is keeping themselves up to date with today’s car industry standards. †¢Ã‚     Po... ...ncrease Revenue     5     4     3 Maintain the affordability concept     2     5     2 Increase number of customers     4     4     5 TOTAL     15     14     12 The strategy selected for New Beetle is to focus on the Baby Boomers market. 8.     SELECTED STRATEGY AND JUSTIFICATION New Beetle is a differentiated product that should target a focus segment that is the Baby Boomers. In terms of promotion, the advertisements would be mainly using the print media with high level of frequency to achieve the ads effectiveness. Since the main target market is Baby Boomers, Volkswagen can charge premium pricing in order to increase the revenue. The other competitors in the small car market may try to seduce the potential to buy their products instead, due to the lower price offered, dealers’ special deals and possibility of design duplication by the competitors.
Thursday, October 24, 2019
Metapath Case Report Essay
1. PURPOSE The purpose of this briefing note is to provide recommendations for Metapath Software Corp. (â€Å"Metapath†) on its financing offers received in September 1997. These two offers came from 1) a fund consortium led by Robertson Stephens Omega Fund (â€Å"RSC†) and Technology Crossover Ventures (â€Å"TCV†) and 2) CellTech Communications (â€Å"CellTech†), a vendor of wireless technology which had recently gone IPO. 2. EXECUTIVE SUMMARY Metapath has made good progress in developing its business since its inception – generating $6.4m revenue in the September quarter of 1997 with representation of three large customers. However, with the ambition to win a good chance of IPO within the next two years, more capital needed to be raised to gain traction in customer acquisition and smooth out current quarter-to-quarter revenues. Metapath has received two offers as at September 1997 and they are discussed as follows: RSC and TCV consortium offered to buy $11.75 million of stock at a $76 million pre-money valuation (â€Å"Series E Preferred†). The proposed stock instrument was a participating convertible stock (â€Å"PCPT†). This instrument functions the same as the convertible preferred stock in the event of a qualified public offering whereas in the event of a sale, RSC and TCV consortium not only receives the face value of the consideration, but also gets the equity participation. CellTech offered Met apath’s shareholders to receive common stock at closing in CellTech at $115 million. 3. STATEMENT OF THE PROBLEMS The problems associated with the offers from RSC and TCV consortium are listed as follows: Proposed stock instrument is extremely dilutive to the founders in the event of a sale where the liquidity preference will reduce the amount of funds available to the other four tranches from previous investments. If the Metapath goes public, the percentage of ownership for C & D tranches will be further diluted, after RSC and TCV consortium exercises its liquidity preference. The problems associated with the offers from CellTech are listed as follows: CellTech’s liquidity and financing issues. Strategic/Business fit between CellTech and Metapath. 4. ANALYSIS Comparing the term sheet of the offer from RSC and TCV consortium to that of CellTech, RSC and TCV’s PCPT had a much more dilutive impact to Metapath upon exit. Under liquidation, the term sheet stipulates that the Series E investors is entitled to claim its initial investment of $10.75 million plus any accrued but unpaid dividend. Any proceeds after this claim will then be distributed to all common and Series E Preferred shareholders on an as-converted pro-rata basis. This double dipping means that RSC will not only recover its initial investment of $5 millions, but also enjoys the convertible benefits. As a result, if the sale occurs before 2000, the profitability for A-D tranches will be negatively impacted by the ‘preferred’ characteristic in the Series E. However if the sale occurs after 2000, A and B tranches will be gradually redeemed on an annual basis, which will leave C and D tranches to be mostly impacted adversely by the preferred characteristic in the Series E stock. Under the circumstance of an IPO, tranches C, D and E will convert to common at their negotiated prices while A & B will be redeemed. However, on the flip side, the price offered by RSC and TCV consortium was $6, which was significantly higher than the first three rounds of financing (tranches A,B and C) at $1.05 and final round (tranche D) at $1.62. PCPT instrument was created to enable the consortium to mitigate the risks in the event of a sale/liquidation that would be of the founders’ interests and value destroying. CellTech’s valuation of $115 million was certainly attractive for a company like Metapath with a revenue run rate of $25.6 million. However, this represents approximately 30% of the totally capitalisation. The willingness from CellTech to sacrifice such a large amount of capital indicates that either CellTech genuinely believed that Metapath would contribute significantly to the synergies to the NewCo or there could be asymmetric information hidden from the management. It signalled CellTech’s underlying business might have limited upside. This issue needs to be further investigated if offer is accepted from CellTech. In addition, CellTech’s balance sheet indicated ongoing liquidity and financing risks. As we can see from the table below, the company continued to face liquidity pressure where its cash ratio and quick ratio deteriorated over the course from 1995 to 1997. CellTech had six consecutive quarters operating loss, which indicated that its unhealthy operating cash flow ratio. Doubts were raised whether CellTech was a good strategic fit to Metapath’s business model. This is due to the fact that CellTech’s products were mostly hardware-based and installed in the field with cellular base stations, whereas Metapath’s products largely consisted of software running on standard server platforms in the wireless switching office. The only benefit gauged regarding this point was that some of CellTech’s engineers could potentially be useful to Metapath’s development group. 5. CONCLUSIONS The recommendation for Metapath is to take the offer from RSC and TCV consortium. Even though CellTech has performed well since the IPO and bullish views from the stock analysts, its potential information asymmetry issues and liquidity risk could harm the value of Metapath post acquisition. The limited strategic fit is also of our concern, which might constrain Metapath’s growth potential. With our ambition to lead Metapath to IPO, we see RSC and TCV consortium as a better fit in this case. Tranches A and B’s interests will be protected through their initial capital structures. Tranches C and D’s interests will be diluted; however it enables Metapath to continue its growth momentum with limited downside.
Wednesday, October 23, 2019
Cerebral Lateralization and Functionality Essay
There are several methods for studying cerebral lateralization; four methods in the forefront are the study of unilateral lesions, sodium amytal, dichotic listening, and functional brain imaging. The traditional method for studying cerebral lateralization is unilateral lesions study, which is the study of the location and effect lesions have on the brain and body functionality. In past, this was primarily done after the subject was deceased or through highly invasive surgery. The sodium amytal test uses an injection of sodium amytal into a carotid artery on the side of the neck that will put the same side hemisphere to sleep for a few minutes allowing doctors to test the other hemisphere for primary language center. The process is then repeated for the opposite side of the hemisphere. This method is invasive, but provides a fairly accurate method to identify the hemisphere that is the primary language center. The dichotic listening test uses earphones to speak a different sequence, such as numbers, in each ear; the sequence with the most digits reported indicates the dominant language hemisphere. For most people, the left hemisphere is the dominant one, meaning the subject would have repeated more sequences heard in the right ear. The dichotic listening test is non-invasive, and it is just as accurate an indicator of primary language center hemisphere as the sodium amytal test method. Functional brain imaging uses positron emission tomography (PET) or functional MRI to measure brain activity while the subject is performing an activity such as reading; typically, functional brain imaging used on language tests reveals more activity in the left hemisphere. Functional brain imaging is the method that shows more detail in brain activity.
Tuesday, October 22, 2019
Religious Tradition, Their Structures and Patterns
Religious Tradition, Their Structures and Patterns The world is endowed with an incredible number of diverse religions. These different communities have varying forms in which their religious tradition was shaped up and how they related to the sacred. Generally, these religious traditions have structures and patterns which can be easily followed and be understood. Also the religious traditions were simultaneously linked to the sacred, that is the sacred being, the sacred places, the sacred artifacts among others. The sacred was to be feared and be respected by all (Oraka, 1983).Advertising We will write a custom essay sample on Religious Tradition, Their Structures and Patterns specifically for you for only $16.05 $11/page Learn More Teachings were among the key pillars that held the religious traditions in place. Each religious tradition had a way of conveying peoples understanding of spirituality and the sacred. Explaining and elaborating their understanding to others was the only way the communities knew to make others believe in what they believe. In various religious groups, the teachings were primarily passed to the young ones. To begin with, these teachings were stored somewhere. In some more civilized communities like the Islam their teachings were documented religious text which they referred to as Qur’an, sira and hadith were developed in Umayyad Empire. These teachings were passed to children by the elderly who had a vast understanding of the religion. The teaching was conducted in selected places where the children gathered. Other communities never had ways of documenting their religious teachings so they preserved the teachings in their memories. In this case, the teaching was communicated to the younger generation orally (Oraka, 1983). It goes without debate that every religion had its own doctrines. Doctrines varied from community to community. Most of the doctrines if not all were dogmatic in the sense that no one was allowed to question them. But the bottom-line agenda of these doctrines was that they were meant to make people act and behave in a certain manner with respect to their belief in the sacred. Because of the belief of the existence of a Supreme Being various communities involved in worshipping and prayers. Some communities were monotheistic while others were polytheistic. The religious traditions that were monotheistic believed in the existence of one God like the Jewish religion. Jews believed in one God to whom they used to worship and offer prayers to. Worship was considered as a way of acknowledging the supremacy of their God and a way of adoring Him. This was meant to appease Him (Oraka, 1983). Prayers played an important role in all the communities. They considered it as a way of communicating with the Supreme Being and the sacred. The prayers were offered as a form of gratitude, worship or request to the Supreme Being. Most prayers were accompanied by rituals.Advertising Looking for essay on religion theology? Le t's see if we can help you! Get your first paper with 15% OFF Learn More Like prayers, rituals were done depending on the issue at stake. For example, in the Igbo community when a prominent person dies, he/she is placed on a stool in a sitting position clothed in the deceased finest garment. Then animal sacrifice is offered to them and they are well perfumed. The burial follows in the next 24 hours (Oraka, 1983). Pilgrimage is another component in religious tradition. This is a long religious journey to a sacred place. This journey is meant to strengthen and expand and individual’s religious faith and belief. People go to these places occasionally, not regularly. An example of pilgrimage is the visit to Mecca by members of the Islamic religion. Reference Oraka, L. N. (1983). The foundation of the Igbo studies. Virginia: University Publishing Co.
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