Wednesday, September 2, 2020

Growing industrialism of the Gilded Age Essay

The developing industrialism of the Gilded Age was without a doubt a danger to American Democracy. The American Government sat around as the Industrialists turned out to be increasingly amazing. The Preamble of the report that is the establishment of this extraordinary nation, The Constitution of the United States, peruses: ‘We, the individuals of the United States, so as to frame an ideal Union, set up Justice, protect household serenity, accommodate the normal barrier, advance the general government assistance, and secure the favors of Liberty to ourselves and our Posterity, do appoint and build up this constitution for the United States of America.’ The American Government was not giving a valiant effort to guarantee household serenity or to advance general government assistance. Significant Industrialists of the time were not held under wraps, and the common laborers resident paid for it for sure. Organization towns, the nearness of imposing business models, and an inert government all added to this danger to American Democracy. During the Gilded Age numerous huge organizations took over whole towns. Everyone in that specific town worked for that organization. These were called organization towns. The enormous organizations supplanted all the stores that previously existed in that town with their own stores. To shield the residents of that town from going to different towns to purchase supplies they printed their own cash and the laborers were paid with that. This permitted the enormous organizations to charge an out of line sum for the products sold in their stores. All opposition was dispensed with in that town. Rivalry is the significant rule behind the American economy and at last the American Democracy. Without rivalry, climate it be between organizations for a benefit or legislators for a political office, this incredible American Democracy would fizzle. Organization towns were likewise a middle for political debasement. Numerous foreigners that resulted in these present circumstances nation were given work and a home in an organization town. In return for these endowments they were made to decide in favor of applicants that the organization bolstered. This sabotages the fundamental selling purpose of American Democracy which was that administration was of the individuals, by the individuals and forâ the individuals. Now American Democracy was progressively similar to a legislature of the Industrialists, by the Industrialists and for the Industrialists. Industrialists’ imposing business models were not restricted to the command over towns. The significant Industrialists additionally broadened their restraining infrastructures into organizations. In the event that ABC enterprise made steel, they would purchase out the entirety of different organizations that made steel. ABC organization may likewise purchase out organizations that sold them the provisions to make steel. With this imposing business model set up, ABC enterprise would now basically have the option to fabricate steel for just the expense of work. Since such huge numbers of amazing Industrialists, for example, Carnegie and Rockefellar controlled imposing business models, the common laborers was by and by rebuffed. Not exclusively could these men charge unjustifiable sums for their items, they could likewise pay the laborers unreasonable wages. On the off chance that a specialist was burnt out on working for out of line compensation and quit his place of employment, he would be not able to secure another position with better wages. Since there were not a single other better employments in sight enormous enterprises additionally constrained laborers to work in risky workplaces. In these restraining infrastructures, that significant idea of rivalry was by and by disposed of and American Democracy was compromised by this. Through the entirety of this, the American government sat idle. The administration did little to stop the framing of restraining infrastructures. Since government didn't step in and stop the significant Industrialists rivalry was for all intents and purposes killed. It is notable that opposition is the foundation of America’s economy and consistently has been. It is rivalry that permits America to have a free-advertise economy. Be that as it may, it is as similarly consistent with state that opposition is a significant part in government. Government officials had the option to go after the votes of just the significant Industrialists, and still win a political race. Those significant Industrialists were incredible to the point that they had the option to control who individuals decided in favor of, as expressed beforehand. The Industrialists had the government officials in their back pocket. On the off chance that a lawmaker needed to get chose, he could in all probability do that by agreeing with significant Industrialists on significant issues. The lower could be totally overlooked. Along these lines, legislators went after the votes of just the significant Industrialists and disregarded the center and lowerâ classes. Numerous individuals may state that it isn't governments occupation to do anything. Be that as it may, those individuals ought to allude back to the Preamble of the Constitution. The Preamble expresses that one of the motivations behind this association is to advance the general government assistance of the individuals. By permitting the significant Industrialists to take out rivalry in business and in government, the American Democracy was undermined. It turned out to be progressively evident that American Democracy was not advancing the general government assistance of the country, consequently not carrying out its responsibility.

Saturday, August 22, 2020

National Transportation Safety Board Case Study

National Transportation Safety Board - Case Study Example The examination concerning the mishap by the NTSB uncovered that the reasonable justification of the mishap was the uneven slow down and the aircraft’s resulting move due to the uncommanded withdrawal of the lift wing detachable that prompted the edge braces and the loss of the support contradiction and slow down notice sign frameworks (Aviation Safety Network, 2012). This event came about because of upkeep incited harm that prompted the partition of the arch gathering techniques and the main motor, which in the end prompted the arch structure’s disappointment (Vatz, 2003). This mishap was for the most part a consequence of basic and mechanical components. Examinations by the NTSB uncovered that when the motor isolated in light of the deviated slow down and the aircraft’s resulting move, it debilitated the control board of the Captain. The Captain’s control board contained the two frameworks of support difference (National Transportation Safety Board, 1979). The detachment of the arch gathering strategies and the main motor, which at last brought about the disappointment of the arch structure, are for the most part basic and mechanical parts of airplane. The cut off water driven lines permitted the braces on the aircraft’s left wing to withdraw bit by bit and the slow down speed on the aircraft’s left wing rose essentially (Vatz, 2003). At the point when it eased back through 164 bunches, left-wing efficiently slowed down in view of its perfect setup. This occurred while the conservative kept on producing lift with its supports still in the situation of departure. Since one wing was slowing down and the other was delivering lift, the airplane at last moved past a 90 degrees bank and collided with the ground (Kilroy, 2012). While basic and mechanical elements were the fundamental driver of the mishap, examinations uncovered that there were factors that added to the mishap of American Airlines Flight 191 (Aviation Safety Network, 2012). Report by NTSB uncovers that the weakness of the arch joins directs plan toward support harm added to the accident.â â

Friday, August 21, 2020

Introduction to Management Essay Example | Topics and Well Written Essays - 2500 words

Prologue to Management - Essay Example so as to pass on a less limited picture even with its ever-expanding worldwide impact, is one of the biggest and most productive private area vitality organizations on the planet. Utilizing near 100,000 individuals and every day serving a huge number of clients around the world, BP handles vitality at all levels, from investigation and creation to refining and advertising to creating gas, power, and sustainable sources. BP was initially established in 1909 as the Anglo-Persian Oil Company by William Knox D’Arcy who was given a concession by the Shah of Iran to look for oil in the locale. The organization extended gradually, with a couple of knocks along the street because of the changing political conditions. By 1954, it had officially received the title of The British Petroleum Company, and during the 1960s, it began to broaden its points of view past the Middle East and investigate until now undiscovered oil-rich territories, for example, Alaska (USA) and the North Sea. Through turn of events and acquisitions, BP has consistently expanded its transnational predominance to accomplish its present transcending position in the group of petrochemical goliaths. The board working is precise and efficient. Diverse division heads report legitimately to the Managing Director. Every one of the diverse office heads have their separate administrative and non-administrative staff working for them. Office heads are liable for the capacities doled out to their areas of expertise. The executives reasoning and practice is regular and measures are not altogether different from the standards predominant in the associations of a similar structure. Chiefs and workers satisfy their obligations and commitments and they attempt to satisfy the hopes of the top directors. The demeanor of the top chiefs is directing and empowering and the general way to deal with the executives is to some degree group arranged with accentuation on world gathering joint effort. However, there is between departmental correspondence present in the association the assignments are characterized for every office. Center

Sunday, May 31, 2020

No Medical School Interviews What Now

As the medical school application season progresses, you might be getting anxious, especially if you haven’t gotten the response you want yet. Don’t be discouraged. While it is late, medical schools are still (and will be for some time) inviting applicants to interview. Here are a few things that you can do to maximize your chances: 1. Confirm that your AMCAS primary is complete and correct. If you identify any problems (recommendation letters that haven’t arrived, classes that are categorized incorrectly, missing classes on your transcript), take immediate steps to address them. 2. Contact (by phone or email) any programs that have not yet sent you a secondary application. Make sure that they have everything they need from you; you can also ask if they are still sending out secondaries. 3. Contact (by phone or email) any programs where you have submitted a secondary to confirm that your application is complete. You may discover that some of your materials never arrived. You can also ask if they are still sending out interview invites. Keep in mind that the later you sent in your secondaries, the later the admissions committee will review it and get back to you with an interview decision. 4. If you’re planning an upcoming trip, send an â€Å"in the area† email to any programs along the way. Tell them that you will be nearby (although not for another interview) and if they might be inviting you for a future interview, would they consider arranging it around this time to save you the expense. 5. If you have any outstanding updates, prepare an update letter to request that the new information be considered. Keep these short and on-point – you should only provide new information, not reiterate what was in your previous submission. This would include any recent achievements (either at school, in the workplace, or in a volunteer position), improved test scores, a new med school recommendation, or something else of that sort. You should send this med school admissions updated information in the form of a brief letter – not more than one page – with important documents attached. 6. If you’ve received a rejection letter from a program where you have significant ties, you can send an appeal. This letter, addressed directly to the head of the admissions committee, should describe your unique ties to the medical school and make a strong case for an in-person interview. Although it is by no means guaranteed, I’ve had several students who were able to gain invitations and ultimately admission through their appeals. With all of these measures, be sure that you are not violating any of the specific medical school’s guidelines about contact. Some programs make updates very easy through their online portals; others request no additional contact after the secondary is submitted. Abide by their preferences – you don’t want to be that person who can’t follow instructions. Admission to medical school is a long process, and it’s not over yet. If you haven’t gotten the results you hoped for, don’t give up. Contact Accepted so we can help you take these last steps that will get you the offers you want. ; A former fellowship admissions committee member and administrator at the University of Washington School of Medicine, Cydney Foote has successfully advised healthcare applicants, including those applying to medical school, dental school, nursing and PA programs, veterinary school, public health and hospital administration programs, post-baccalaureate medical programs, residencies and fellowships. Since 2001, she has brought her marketing and writing expertise to help science-focused students communicate their strengths. Want Cyd to help you get Accepted? Click here to get in touch! Related Resources: †¢ The Ultimate Guide to Medical School Interview Success, a free guide †¢ Do I Really Need a Mock Admissions Interview?, a short video †¢ Typical Medical School Interview Questions No Medical School Interviews What Now As the medical school application season progresses, you might be getting anxious, especially if you haven’t gotten the response you want yet. Don’t be discouraged. While it is late, medical schools are still (and will be for some time) inviting applicants to interview. Here are a few things that you can do to maximize your chances: 1. Confirm that your AMCAS primary is complete and correct. If you identify any problems (recommendation letters that haven’t arrived, classes that are categorized incorrectly, missing classes on your transcript), take immediate steps to address them. 2. Contact (by phone or email) any programs that have not yet sent you a secondary application. Make sure that they have everything they need from you; you can also ask if they are still sending out secondaries. 3. Contact (by phone or email) any programs where you have submitted a secondary to confirm that your application is complete. You may discover that some of your materials never arrived. You can also ask if they are still sending out interview invites. Keep in mind that the later you sent in your secondaries, the later the admissions committee will review it and get back to you with an interview decision. 4. If you’re planning an upcoming trip, send an â€Å"in the area† email to any programs along the way. Tell them that you will be nearby (although not for another interview) and if they might be inviting you for a future interview, would they consider arranging it around this time to save you the expense. 5. If you have any outstanding updates, prepare an update letter to request that the new information be considered. Keep these short and on-point – you should only provide new information, not reiterate what was in your previous submission. This would include any recent achievements (either at school, in the workplace, or in a volunteer position), improved test scores, a new med school recommendation, or something else of that sort. You should send this med school admissions updated information in the form of a brief letter – not more than one page – with important documents attached. 6. If you’ve received a rejection letter from a program where you have significant ties, you can send an appeal. This letter, addressed directly to the head of the admissions committee, should describe your unique ties to the medical school and make a strong case for an in-person interview. Although it is by no means guaranteed, I’ve had several students who were able to gain invitations and ultimately admission through their appeals. With all of these measures, be sure that you are not violating any of the specific medical school’s guidelines about contact. Some programs make updates very easy through their online portals; others request no additional contact after the secondary is submitted. Abide by their preferences – you don’t want to be that person who can’t follow instructions. Admission to medical school is a long process, and it’s not over yet. If you haven’t gotten the results you hoped for, don’t give up. Contact Accepted so we can help you take these last steps that will get you the offers you want. ; A former fellowship admissions committee member and administrator at the University of Washington School of Medicine, Cydney Foote has successfully advised healthcare applicants, including those applying to medical school, dental school, nursing and PA programs, veterinary school, public health and hospital administration programs, post-baccalaureate medical programs, residencies and fellowships. Since 2001, she has brought her marketing and writing expertise to help science-focused students communicate their strengths. Want Cyd to help you get Accepted? Click here to get in touch! Related Resources: †¢ The Ultimate Guide to Medical School Interview Success, a free guide †¢ Do I Really Need a Mock Admissions Interview?, a short video †¢ Typical Medical School Interview Questions No Medical School Interviews What Now As the medical school application season progresses, you might be getting anxious, especially if you haven’t gotten the response you want yet. Don’t be discouraged. While it is late, medical schools are still (and will be for some time) inviting applicants to interview. Here are a few things that you can do to maximize your chances: 1. Confirm that your AMCAS primary is complete and correct. If you identify any problems (recommendation letters that haven’t arrived, classes that are categorized incorrectly, missing classes on your transcript), take immediate steps to address them. 2. Contact (by phone or email) any programs that have not yet sent you a secondary application. Make sure that they have everything they need from you; you can also ask if they are still sending out secondaries. 3. Contact (by phone or email) any programs where you have submitted a secondary to confirm that your application is complete. You may discover that some of your materials never arrived. You can also ask if they are still sending out interview invites. Keep in mind that the later you sent in your secondaries, the later the admissions committee will review it and get back to you with an interview decision. 4. If you’re planning an upcoming trip, send an â€Å"in the area† email to any programs along the way. Tell them that you will be nearby (although not for another interview) and if they might be inviting you for a future interview, would they consider arranging it around this time to save you the expense. 5. If you have any outstanding updates, prepare an update letter to request that the new information be considered. Keep these short and on-point – you should only provide new information, not reiterate what was in your previous submission. This would include any recent achievements (either at school, in the workplace, or in a volunteer position), improved test scores, a new med school recommendation, or something else of that sort. You should send this med school admissions updated information in the form of a brief letter – not more than one page – with important documents attached. 6. If you’ve received a rejection letter from a program where you have significant ties, you can send an appeal. This letter, addressed directly to the head of the admissions committee, should describe your unique ties to the medical school and make a strong case for an in-person interview. Although it is by no means guaranteed, I’ve had several students who were able to gain invitations and ultimately admission through their appeals. With all of these measures, be sure that you are not violating any of the specific medical school’s guidelines about contact. Some programs make updates very easy through their online portals; others request no additional contact after the secondary is submitted. Abide by their preferences – you don’t want to be that person who can’t follow instructions. Admission to medical school is a long process, and it’s not over yet. If you haven’t gotten the results you hoped for, don’t give up. Contact Accepted so we can help you take these last steps that will get you the offers you want. ; A former fellowship admissions committee member and administrator at the University of Washington School of Medicine, Cydney Foote has successfully advised healthcare applicants, including those applying to medical school, dental school, nursing and PA programs, veterinary school, public health and hospital administration programs, post-baccalaureate medical programs, residencies and fellowships. Since 2001, she has brought her marketing and writing expertise to help science-focused students communicate their strengths. Want Cyd to help you get Accepted? Click here to get in touch! Related Resources: †¢ The Ultimate Guide to Medical School Interview Success, a free guide †¢ Do I Really Need a Mock Admissions Interview?, a short video †¢ Typical Medical School Interview Questions

Saturday, May 16, 2020

The Religion of Islam Essay - 1383 Words

Islam is derived from the Arabic root salaama meaning peace, purity, submission and obedience. Islam stands for making peace by submitting to the will of God and obeying His law. Jews and Christians view Islam as the latest of the worlds great religions. However, worldwide Muslims (sometimes written Moslems) understand their universal religion as the final religion and the primal religion. As final, Islam is Gods final revelation of prophetic religion, in fulfillment of all that had preceded. Moses was given the Law; David was given the Psalms; Jesus was given the Gospel. Judaism offers Gods message of justice, and Christianity proclaims the love of God. To Mohammed (570-632 A.D.; spelled in a variety of ways) the God of†¦show more content†¦For the one billion or more Muslims (about six million in the United States), who are of many racial and ethnic backgrounds -- Arabs being a minority -- Islam is the middle way between Judaism and Christianity; it restores the unity of the children of Abraham and overcomes the limitations of Judaism and Christianity. Jesus, the prophet to the lost sheep of Israel, limits Christianity; Judaism is similarly limited. Islam proclaims a practical synthesis of Judaism and Christianity for all humanity. Overcoming the incompleteness of the justice of Judaism and the idealistic love of Christianity, Islam brings to fulfillment all that Judaism and Christianity anticipated. For the Muslim believer, Islam is perfected Judaism and perfected Christianity. As primal, Islam is the authentic religion of Adam, of Abraham, and of human nature. Islam is not younger than Judaism and Christianity; it preceded both. Not only is it the religion of the Spoken Book (the Quran), it is as well the religion of the Created Book (the fabric of the universe itself). According to the Muslim faith, every person is born a Muslim, and distortions of ones environment lead a person astray to become a Christian, a Jew, or an unbeliever. To be human means to be Muslim. Beliefs The doctrines underlying Islam include 1. belief in the God of Abraham,Show MoreRelatedThe Religion Of Islam And Islam1544 Words   |  7 Pagesand Islam are not exclusive and need not to be in competition. Instead, they overlap, and share common principles of justice and progress, tolerance and the dignity of all human beings† (Barack Obama). For many decades, in most cultures, religious practice has been a controversial issue, because each religion competes demonstrating that their practices are the true path to God. Religious tolerance is very important because followers should be free to choose their own religion. Some religions areRead MoreIslam Is A Religion Of Islam Essay2012 Words   |  9 PagesIslam is one of the oldest religions in the world, and with that has one of the biggest populations of followers and worshipers. However, it is also a very misunderstood religion. Muslims are extremely religious people, and they strictly follow the Qur’an, however in the past there have been incidences, in w hich Arabs have done harm. These acts of few had a negative impact on the lives of many. After these events terroristic events took place, non-Muslims began to fear all Arabs and target them asRead MoreIslam Is A Religion Of Islam2646 Words   |  11 PagesIslam is Peace said by George W Bush the U.S. President at Islamic Center of Washington, D.C after the terrible 9/11 attacks. The president’s speech’s main point was to calm down the American streets and the fear inside the citizens towards Muslims people. However, Islam is a religion that is found globally and guided by the Sharia laws which are in their religious book called the Quran. They worship their God Allah through his messenger Mohammed. Islam is prohibiting its followers from the democracyRead MoreIslam Religion1105 Words   |  5 PagesIslam is not only a religion but also a civilization since it is represented by over one billion Muslims and over 50 Muslim states. Emerging as a civilization influenced by religious beliefs and practices, Islam influenced different groups of people in diverse stages of history and in different countries. A major part of the Islamic faith is the strong belief in an afterlife. Muslims spend their life preparing for their death and the bliss they will face if they follow the rules and life style ofRead MoreThe Religion Of Islam And Islam3231 Words   |  13 PagesABSTRACT The religion of Islam has become a controversial issue in today’s 21st century. In spite of excessively negative representations by Western propaganda, increasing numbers of the population are pursuing to learn more about the wonderful religion of Islam. More frequently than not, these people are becoming more pleasantly startled by the product of their exploration. In fact, increasing numbers of people are embracing Islam nowadays then they did prior to the horrific attacks on SeptemberRead MoreIslam Religion2627 Words   |  11 PagesPeter Youmans Class: RS 130 â€Å"Intro to Comparative Religion† Date: October, 19 2012 I grew up in a household that believed in Christianity and we went to church every Sunday. That church was my foundation, my love and honestly, it was all I knew. At that time, in my community anything other than Christianity just wasn’t accepted and I often wondered why. Although I thoroughly love Christianity, I still wanted to explore our other worldly religions. In doing this paper, I realized that this wasRead MoreReligion of Islam3119 Words   |  13 Pagesunderstand about Islam is what the word Islam itself means. The religion of Islam is not named after a person as in the case of Christianity which was named after Jesus Christ, Buddhism after Gotama Buddha, Confucianism after Confucius, and Marxism after Karl Marx. Nor was it named after a tribe like Judaism after the tribe of Judah and Hinduism after the Hindus. Islam is the true religion of Allah and as such, its name represents the central principle of Allahs Gods religion; the total submissionRead MoreReligio n of Islam3105 Words   |  13 Pagesunderstand about Islam is what the word Islam itself means. The religion of Islam is not named after a person as in the case of Christianity which was named after Jesus Christ, Buddhism after Gotama Buddha, Confucianism after Confucius, and Marxism after Karl Marx. Nor was it named after a tribe like Judaism after the tribe of Judah and Hinduism after the Hindus. Islam is the true religion of Allah and as such, its name represents the central principle of Allahs Gods religion; the total submissionRead MoreThe Religion Islam1796 Words   |  8 Pages| The Religion Islam | The Religion Islam What is Islam? The word Islam means submission to the will of God. The religion of Islam is the acceptance of and obedience to the teachings of God which the Muslims—followers of Islam—believe God revealed to his last prophet. Muslims believe that there is only one God. The Arabic word for God is Allah which means, the one and only true God who created the whole universe. According to Muslims, God sent a number of prophets to mankind to teach themRead MoreIslamic Religion Of Islam And Islam2553 Words   |  11 Pagesthese four words establish the fundamental explanation of the word Islam. A deep study of Islamic teachings and thought reveals that Islam is a religion of peace, security and protection; the true believers in the sight of God and His Messenger are those who embody those qualities. The dominant religion of Islam has been the center of much attention and controversy in today’s civilization. The Western perspective subjugates Islam and the Muslim cou nterparts as violent, aggressive, deviant and terroristic;

Wednesday, May 6, 2020

A Separate Peace - Symbolism Essay examples - 1597 Words

In John Knowle’s A Separate Peace, symbols are used to develop and advance the themes of the novel. One theme is the lack of an awareness of the real world among the students who attend the Devon Academy. The war is a symbol of the quot;real worldquot;, from which the boys exclude themselves. It is as if the boys are in their own little world or bubble secluded from the outside world and everyone else. Along with their friends, Gene and Finny play games and joke about the war instead of taking it seriously and preparing for it. Finny organizes the Winter Carnival, invents the game of Blitz Ball, and encourages his friends to have a snowball fight. When Gene looks back on that day of the Winter Carnival, he says, quot;---it was this†¦show more content†¦Phineas’ death is the end of Gene’s childhood. He is forced to grow up when he realizes that he is living in a world of hate, crime, and disappointment. He is getting older and closer to his eighteenth bir thday when he will be drafted into the war, and he finally begins to prepare. At the conclusion of the novel, after Phineas is gone, Gene says, quot;I was ready for the war, now that I no longer had any hatred to contribute to it. My fury was gone, I felt it gone, dried up at the source, withered and lifeless. Phineas had absorbed it and taken it with him and I was rid of it foreverquot; (871). This is another example of how the war furthers Gene’s advance into adulthood. The war is a symbol of how things aren’t always what they seem. Recruiting posters and propaganda advertising the army convince many boys into thinking the war is an exciting adventure in which young men interact. Leper enlists in the army after being impressed by a film shown by a recruiter from the U.S. ski troops. quot;The ski movie had decided him. ‘I always thought the war would come for me when it wanted me†¦I never thought I’d be going to it. I’m really glad I saw that movie in time, you bet I am’quot; (826) Leper is amazed by these men and how they, with their recognizable and friendly faces, give a clean response toShow MoreRelatedAnalysis Of A Separate Peace 901 Words   |  4 Pages Devon had many incidents that occurred during the summer session and the regular school year. â€Å"Peace had deserted Devon† (Knowles pg.72). A tree, showing symbolism, has a big part in the story, A Separate Peace. The events happening during the summer session and regular school session, hinted foreshadowing, for later events to come. In Devon’s school, multifariously terminus students have a distinct story and oblique events tremble throughout the school. The students attending Devon have been throughRead MoreLord Of The Flies, By William Golding And The Perks Of Being A Wallflower1087 Words   |  5 Pagesgenres. Novels such as Lord of the Flies by William Golding and The Perks of Being a Wallflower by Stephen Chbosky are among some of my most beloved. In my junior year, I read A Separate Peace by John Knowles for my AP U.S. History class while I read The Catcher in the Rye by J.D. Salinger over the summer. A Separate Peace explores the rivalry that can lie at t he heart of many friendships and conveys the concept of individuality rather than conformity. Similarly, The Catcher in the Rye is the storyRead MoreAnalysis Of Sylvia Plaths Tulips831 Words   |  4 Pageshospital room, separate from their family. No one is present in the white hospital room, except for the speaker and the tulips. The room is peaceful and allows the speaker to enjoy a lack of commitment towards anything. Unfortunately for the speaker, the tulips in the room remind the speaker of their life and bind the speaker to their responsibilities. In Sylvia Plath’s â€Å"Tulips,† color symbolism and personification contrast the peace of disconnection and commitments in life. Color symbolism of the whiteRead MoreWilliam Golding s Lord Of The Flies 1299 Words   |  6 PagesDecember 2014 Savagery in Civilization: Symbolism in Lord of the Flies Symbolism as defined by the Merriam Webster Dictionary, is â€Å"the use of symbols to express or represent ideas or qualities in literature, art, etc.† (â€Å"Symbolism†). For this reason, symbolism is utilized in literature in order to make novels more interesting and convey notions that are usually either highly controversial or extremely philosophical. For example in the popular novel A Separate Peace, John Knowles uses Gene in order toRead MoreWonder Wom The Feminist Symbol Behind The Bracelets1379 Words   |  6 Pagesinclude classics such as a sword and shield, and also includes a lasso a. She possesses superhuman abilities that were blessed to her by the gods and they included Hermes, Aphrodite, Artemis, Hestia, and Demeter. Her amazonian origin creates powerful symbolism for women everywhere and she provides women with strength. To truly understand Wonder Woman you must know of her origin. Created out of clay by her mother Hippolyta--the queen of the Amazons-- Wonder Woman was given life from the the gods of ancientRead MoreThe Story By Naigub Mahfouz1727 Words   |  7 Pagesmiracle worker to cure him) is in pursuit to achieve the mystical Islamic Zaabalawi. On the other perspective, the narrator’s pursuit appears as a search for piety, God, and mystical experience. One of the two perspectives depicts the search for inner peace while the other depicts the search for a great physician. Therefore, one of the search is necessitated by the illness while the other is an urge to return to the roots. The short story by Naigub Mahfouz presents a search for religious knowledge byRead MoreComparison and Contrast of a Separate Peace and Catcher in the Rye1515 Words   |  7 PagesComparison and Contrast Essay A Separate Peace and The Catcher in the Rye The coming of age novels, The Catcher in the Rye, written by J.D. Salinger, and A Separate Peace, written by John Knowles, both interpret the lives of adolescent boys journeying through their conflicts and inner confusion to reach the level of maturity. Salinger and Knowles both discern the literal ways a typical teenager grows up with the help of literary elements such as plot, setting, character development, conflictsRead More Religious Symbols and Symbolism in Faulkners Light in August1555 Words   |  7 PagesReligious Symbolism in Light in August  Ã‚  Ã‚   William Faulkner’s, Light in August has many references to Christianity. He employs a great deal of religious symbolism in all of his characters. These parallels seem very intentional, even though, Faulkner himself says he did not do it purposely. The Christ story is one of the most popular stories invented and it seems right that at some point someone is going to write similar to it. William Faulkner says he did not put the Christian parallels inRead More Comparing A Separate Peace and The Catcher in the Rye Essay example1500 Words   |  6 PagesComparing A Separate Peace and The Catcher in the Rye The coming of age novels, The Catcher in the Rye, written by J.D. Salinger, and A Separate Peace, written by John Knowles, both interpret the lives of adolescent boys journeying through their conflicts and inner confusion to reach the level of maturity. Salinger and Knowles both discern the literal ways a typical teenager grows up with the help of literary elements such as plot, setting, character development, conflicts, irony, symobolismRead MoreEssay on Symbols and Symbolism in the Poems of Robert Frost1463 Words   |  6 PagesSymbolism in the Poems of Robert Frost    Nature has inspired countless poets from primitive times to the present. They have used it as a metaphor for virtually all human emotions-his stormy brow, her sky blue eyes, as wild as a summer storm. Very few, however, have so masterfully crafted their verse to fully express the range of nature’s power and influence, or suited the tone of a poem to encompass both human nature and ‘true’ nature. This is true in the poetic works of Robert Frost. The aspects

Tuesday, May 5, 2020

The Pepsico Company the Quaker Oats Acquisition free essay sample

Company Overview By the end of 1999, following a multi-year restricting effort, PepsiCo had once again become one of the most successful consumer products companies in the world. In less than four years, it had achieved am 80% increase in net income, on 30% lower sales, and with 75% fewer employees. PepsiCo’s major subsidiaries were the Pepsi-Cola Company, which was the world’s largest manufacturer and distributor of snack chips, and Tropicana Products, the largest marketer of branded juices. Throughout 1999, PepsiCo was closely tracking several potential strategic acquisitions. In the fall of 2000, it appeared that the right moment for an equity-financed acquisition had arrived. At this time, PepsiCo management decided to initiate confidential discussion with The Quaker Oats Company about a potential business combination. Gatorade, a key brand in Quaker’s portfolio, had long been on PepsiCo’s wish list. On October 5, 2000, an investment-banking team from Merrill Lynch met with the top executives of PepsiCo to discuss a possible business combination between PepsiCo and Quaker. The goals of the meeting were: †¢To assess the value of Quaker’s businesses; †¢To estimate potential synergies associated with a Pepsi-Quaker merger; and †¢To come up with an effective negotiation strategy. PepsiCo executives were confident that Quaker’s beverage and snack food business could contribute to Pepsi’s profitable growth in convenience foods and beverages. However, PepsiCo’s managers, led by CEO Roger Enrico and CFO Indra Nooyi, were committed to upholding the value of PepsiCo shares, and as a result, they were determined not to pay too much for Quaker. PepsiCo’s Origin and History In the summer of 1898 Caleb D. Bradham, a young man pharmacist from North Carolina, looked for a name that would better describe the â€Å"Brad’s Drink,† his concoction of carbonated water, sugar, vanilla and kola nuts. He decided to buy the name â€Å"Pep Kola† from the local competitor, which he later changed to Pepsi-Cola, maintaining that the beverage aided in curing dyspepsia, or indigestion. In 1902, Bradham applied for federal trademark protector and founded the first Pepsi-Cola company.As a result of Bradham’s gambling on the post World War 1 price of sugar, the company went to bankrupt in 1923, and its asset were sold for $30,000. It was reorganized as the National Pepsi-Cola company in 1928, only to go bankrupt again three years later. Emerging from bankruptcy with new owners, the company’s fortunes changed suddenly in 1934. In 1965, the company merged with the Texas-based snack manufacturer, Frito-Lay, Inc. in 1970, its total food and beverage sales passed the $1 billion mark.The company, now called PepsiCo, continued to grow through the 1970s and 1980s. During this period, it used acquisitions to diversify out of its profitable, but relatively slow-growth beverage and snack businesses, acquiring North American Van Lines, a trucking company, in 1968; Wilson Sporting Goods in 1970; Pizza Hut restaurants in 1977; and the Taco Bell fast food chain in 1978. In 1984, PepsiCo was restructured to focus on soft drinks, snacks and restaurants, and the transportation and sporting goods businesses were sold.To strengthen its restaurant division, PepsiCo acquired Kentucky fried Chicken in 1986; purchased an equity interest in California Pizza Kitchen in 1992; and acquired East Side Mario’s Restaurants and D’Angelo Sandwich shop a year later. By 1995, PepsiCo sales had reached $30 billon, and it had 4 70,000 employees worldwide. It was the world’s third largest employer. Restructuring in the Mid-1990s In the mid-1990s, PepsiCo began to encounter severe problems in its international bottling operations and in its restaurant division.In August of 1996, PepsiCo’s long-time archival, The Coca-Cola Company, bought Pepsi’s largest Venezuelan bottler, and PepsiCo was left with no presence in that market practically overnight. Simultaneously, the company suffered volume and profit declines in its restaurant businesses. Between 1988 to 1994, PepsiCo had invested close to $7 billion to acquire thousands of fast food and casual dining outlets. But the operational complexity of these businesses was a tax on PepsiCo’s management. In April 1996, Roger Enrico, formerly the head of the Frito-Lay division, became the CEO of PepsiCo. He acknowledged that the company had invested ‘too much many too fast, trying to achieve heroic overnight success where, in retrospect, the odds were tougher that they seemed. † (Letter From the Chairman, 1996 PepsiCo Annual report) In the restaurant division, Enrico’s team began by divesting PepsiCo restaurant supply and distribution company and the smaller casual dining businesses. Simultaneously, the company announced plans to spin off its core restaurant businesses into a separate company. In 1997, PepsiCo combine its three restaurant businesses, Pizza Hut, KFC and Taco Bell, into a new corporate entity, Tricon Global restaurants.At the same time, PepsiCo managers embarked on a major restricting of the international beverage division. The goals of the program were to lower fixed costs, write down underperforming assets, and divest noncore businesses. Thus in 1998 PepsiCo created the Pepsi Bottling Group (PBG) with $7 billion in sales, and bottling operations in countries ranging from the United Stated to Russia. This move separated the bottling and concentrates parts of the business, and allocated responsibility for building operational efficiency to the bottling companies.Retaining a 35% noncontrolling interest, PepsiCo sold 65% of PBG’s equity in an initial public offering in 1999. The sale brought $1 billion in cash onto Pepsi’s balance sheet, and led to a significant reduction in the company’s asset base. Signaling management confidence in the new corporate strategy, PepsiCo used the cash generated by the restaurant and bottling divestitures to launch a share repurchase program. It bought back 54 million shares in 1996, 69 million shares in 1997 and 59 million shares in 1998. PepsiCo acquired the Tropicana juice business from Seagram’s for $3. 3 billion in cash. The acquisition gave the company a strong market presence in the fast-growing noncarbonated beverage segment. Compared to Pepsi’s existing businesses, Tropicana provided a lower return on assets and invested capital, but PepsiCo’s managers, especially Enrico and Indra Nooyi, the CFO, saw a great opportunity for strong margins and profitable growth if this superior brand were brought under the PepsiCo umbrella. At the time of the Tropicana acquisition, there was a perception on Wall Street that Pepsi might have paid too much. Two years later, however, the Tropicana acquisition was viewed as an outstanding success. The Quaker Oats CompanyNearly a century old in 1999, Quaker Oats was a worldwide consumer goods company with annual sales of $4. 7 billion. In addition to its hot cereals, Quaker Oats and Quaker Instant Oatmeal, the company’s portfolio of brands included Gatorade sports beverages, granola snack bars, Life and Cap’n Crunch ready-to-eat cereals, and rice-a-Roni and Near East flavored grain dishes. In 1999, Quaker was emerging from a period of restricting and refocusing of its core businesses. During the decade prior to 1999, Quaker divested businesses with more than $2 billion in revenues, or about a third of its initial asset base. In 1994, Quaker paid $1. billion for Snapple’s corporation, which sold branded juice-based beverages. Quaker then made the mistake of replacing Snapple’s distributors, and alienating the brand’s target consumers. After incurring dramatic losses, Quaker sold the business to Triac in 1997 for $300 million. Robert Morrison joined the company as CEO in 1997, and proceeded to lead the company through an impressive turnaround. By 1999, 93% of Quaker’s U. S sales came from brands holding the number-one or number-two positions in their product categories, and the company was perceived to be one of the best-managed companies in the packaged food and beverage industry.The drink was named for school’s football teams, the Gators: its introduction in the early 1970s launched the commercial sports beverage industry. Quaker acquired rights to the formula and the name in 1983. By 1999 Gatorade was well established as the world’s leading sports drinks with $1, 9 billion in global sales, and 82% of the US sports beverages market. At the time of the acquisition by Quaker, Gatorade had only to flavors on the market: orange and lemon-lime. By 1999, there were more than 20 different flavors, from Whitewater Splash to Cool Blue Raspberry. In the summer of 2000, Quaker launched vitamin-fortified flavored water called proper under the Gatorade brand umbrella in southern US markets. This new product was advertised asâ€Å"fitness water†. Finally, Quaker’s management had decided to extend the Gatorade brand into the $500 million energy bar market, which was growing at an annual red of 30%. This was a natural move, given Quaker’s core expertise in snack bar product, in the fact that nearly 70% of energy bar consumer also drank Gatorade.