Miss Greenford

Miss Greenford sat behind her 95 years of age typewriter she acquired from the dad to type down a letter to her lone child who presents with the US armed force. She stated, †Dear John, I miss you so much, my subsequent infant. Daddy hasn't being feeling admirably for as long as a quarter of a year and he is stressed he wouldn't make it before you come back from the war. His desire is to see you before returning home. Kindly come immediately when you get this letter. Grandmother sends her welcome, and Doggy your feline as well. While she sat composing, John, in the quietness of a blast from the adversary's camp, gulped a projectile. †Retreat everyone†, the General yelled. Lieutenant Jamal from Afghanistan conveyed his companion on his shoulder and ran into the tent where the medical caretakers tended the injuries of the harmed fighters. †Johnny, Johnny please address me. Open your eyes† he seriously mentioned however John unobtrusively was surrendering the phantom. The main word that came out of his mouth was ‘mama'. Lieut. Jamal cried! He has lost the main companion in the military that thought about him.He recollected how he used to play b-ball with John alone as all the folks rejected his organization and called him names. One day at gathering, it was reported a war has separated between the US and Russia and all guys were importuned to enroll in the military as quickly as possible. Jamal was terrified to death since he never enjoyed the sound of a firearm. Experiencing childhood in a ghetto where the dad was a warlord, he was called Ja, the whimp. He generally stows away under the bed during a battle of weapons in the city however John empowered him that they can do it. He will be there for him whenever and ensure him against the harassers. John was the sibling Jamal never had. Furthermore, presently he doesn't have the foggiest idea how he can oversee without him.Back home, Miss Greenford purchased a stamp at the mail station, fixed her letter and presented it on his caring child. She can hardly wait to see him following eight strong long periods of partition. This war has had a cost for everybody. Miss Greenford herself has been feeling a serious throb in her left bosom recently. Terrified of the most noticeably terrible, she has would not visit the clinic for a test. †I should be solid to deal with my two young men, John and his father†, she generally murmurs to herself. After three weeks, on the day Miss Greenford had moved toward passing by the mail station to check if her child has answered, there was an uproarious thump on the entryway which frightened even the vase on the window sheet and it came squashing on the floor.'Who is there?' she yelled from the kitchen. ‘Friends of John, the voices reverberated. Miss Greenford ran out of the kitchen like a glimmer of helping just to get to the entryway to see men wearing uniform conveying a final resting place. Quickly, she crumbled. She woke up to the updates on her significant other dropping of cardio assault when he wheeled his seat to the entryway since he likewise heard the yell of †friends of John† from his room.†Both my young men had left me, she cried. What does it benefit me to be alive and distraught? The two things that gave me delight have been grabbed from me, mama†. Old mom Gracie was there to comfort her little girl. She advised her not quit crying. She should let each mucus of sharpness out, at that point she can have her tranquility. †I have been here previously and I know how it feels however don't stress it will make you more grounded. It generally does† Your daddy kicked the bucket in the war as well. The main man I have known tasted demise while in a love safeguarding his nation. Be that as it may, he kicked the bucket a cheerful man. He passed on realizing that at any rate he took care of his obligations to his nation. So tragic he was before he kicked the bucket when I was pregnant with you for about fourteen days that the specialist said it is a young lady. We had both been petitioning God for a kid, however he implored all the more intensely on the grounds that he needed his child to be a warrior, a defender of the state and dreams of America. In spite of the fact that disillusioned, he cherished you so without question, my child. Be happy you gave daddy a trooper, presently his spirit will find happiness in the hereafter.

Intellectual Property Statement of Ethics

Licensed innovation Statement of Ethics Akhil Reddy Leburuâ Theoretical This paper quickly depicts about scholarly properties and moral articulations which assumes a significant job in the general public. Protected innovation characterizes the inventiveness of an interesting abilities of a person. Written falsification is taking someones work without offering credit to them. This is the most moral articulation that everybody ought to follow. Catchphrases: Intellectual property, Plagiarism. Licensed innovation Statement of Ethics Licensed innovation is characterized imaginative reasoning that is actualized by people, for example, pictures, films, look into and so forth. Pioneers, craftsmen and entrepreneurs are allowed sure rights to an assortment of distant resources for the particular time frame. Protected innovation gives patent to enterprises, structuring, copyrights and for creative developments. Protected innovation is an impalpable advantage for an organization; it offers certainty to the colleagues and budgetary establishments to team up or to contribute with an association. Licensed innovation can be secured by the copyrights, the term unique in the copyright law implies it is begun with the creator so it ensures ones own thoughts or manifestations or developments (IPOS, 2016). The principle motivation behind security of copyrights and related rights is to empower and compensate innovative work. Written falsification Written falsification is acquiring someones work and not giving back the credit. It tends to be distinguished effectively and kept away from by copyright laws. There are a few explanations behind written falsification that incorporate; lethargy of the individuals prompts the taking of other individual thoughts and works, individuals who hurry to get things done in a minute ago are intended to do things that would make simpler, absence of information on legitimate reference, different themes accessibility on web so individuals can undoubtedly duplicate required substance in the way with rewording it that prompts counterfeiting, absence of information on understanding the impacts of literary theft and mentality, delaying are additionally purposes behind copyright infringement. It somebody copys other data which prompts the loss of their capacity to think, information on look into work or assignment and loss of improving their composed aptitudes (Plagiarism.org, 2014). Moral and capable employments of protected innovation The fundamental reason for utilizing protected innovation is empowering individuals towards learning and to give opportunity towards new creations. Scholarly properties can be ensured with various instrument which incorporate; copyrights, trademarks and licenses. Copyrights gives insurance to crafted by makers, for example, books, music, tunes, films, PC programs, works of art, databases, promotions, maps and specialized graphs. The patent is just right conceded for the developments. It assists with choosing the proprietor of the patent. Thus, the proprietor can reserve the privilege to trade their copyrights in the market. Exploitative employments of protected innovation The vast majority of the association or individual people utilized others manifestations or brand names without taking any authorization from approved people that prompts decimating of progress, it cannot be utilized for criminal operations, for example, making social contrasts, ailment, spread infections which bring about human passing and exploitative use of ones licensed innovation makes legitimate issues so protected innovation ought to be used in explicit habits. Numerous individuals download the substance like music, films and games and so forth from the obscure source without taking from the first destinations that influences the individuals who devote their time and cash for in getting those going. Four proclamations of self-best practice I don't simply reorder the information from any source, I will cite the explanation which is alluded and name the source. I will utilize the unoriginality instruments that are accessible on the web and audit the content. I will think in an inventive manner that is one of a kind from others. I will make a copyright of my work for future purposes. Activities for moral utilization of licensed innovation I will share the subtleties of unique writer while utilizing their compositions in recommended design. I might want to distinguish the one of a kind work of others and offer. Copyright infringement devices can assist with distinguishing the content arrangement whether it is replicated or not. I might want to secure protected innovation to give kudos for the creators and to empower inventive reasoning. Activities to maintain a strategic distance from dishonest use of protected innovation I wouldnt support the copyright infringement by wrecking the guidelines and guidelines which are framed by the college. I wouldnt utilize protected innovation when composing a paper or for the exploration work. I wont utilize un-copyrighted prints or motion pictures to regard of unique creators or producers. References Legislature of United Kingdom. (2014, November 18). Special cases to copyright. Recovered January 27, 2017, from www.gov.uk: https://www.gov.uk/direction/special cases to-copyright Initial public offerings. (2016, Sep 21). What is Intellectual Property and what are the various sorts? Recovered Jan 27, 2017, from ipos.gov.sg: http://www.ipos.gov.sg/AboutIP/TypesofIPWhatisIntellectualProperty.aspx Plagiarism.org. (2014). WHAT IS PLAGIARISM? Recovered Jan 27, 2017, from plagiarism.org: http://www.plagiarism.org/written falsification 101/what-is-copyright infringement/ WIPO. (2016). What is Intellectual Property? Recovered Jan 27, 2017, from wipo.int: http://www.wipo.int/about-ip/en/

Economy And Society Example

Economy And Society Example Economy And Society â€" Essay Example > Economic development in less Developed CountriesTraditionally, economic development was being defined to mean the same thing as economic growth. In fact, it was regarded as the capacity of the economy to generate and maintain a growth rate in GDP of between 5% and 7%. This definition was invalidated by the LDC’s experience in the 1950’s and 1960’s where despite the impressive growth in GDP, the living conditions of people in these countries remained more or less the same whereas in some of these countries the living conditions worsened and poverty levels rose in the midst of high growth rates. In Uganda for example, poverty level rose by 4% in 2003 despite an economic growth rate of 3% in the same period, Oversees Development Institute (2004). It is in this regard that the modern economists provided a distinction between the two concepts. Economic development can therefore be defined as establishment of conditions necessary for realization of human personality, bringing abou t social equality, poverty reduction and improving access to amenities like health, education and employment opportunities. Unlike economic growth, economic development is not purely an economic phenomenon but a multi-dimension one incorporating both social and economic aspects of life6 Furthermore development can also be said to be an increase in people’s freedom of choice2. JUSTIFICATION OF THE STUDYThe study purposes to analyze economic development in LDCs because of the many concerns raised in these countries. This is also in line with the fact that ¾ of the world’s population live in these nations. Even then, such huge population only shares less than 20% of the global income whereas the wealthy nations shares more than 80% of the worlds income despite their low total population. As such, the planet earth may be viewed as having two worlds; one for the poor (who live in LDCs) and the other one for the rich. Moreover, food security is an important yardstick of measuring ec onomic development2. Despite the LDC’s capacity to produce surplus food, such capacity remains unutilized. Paradoxically, food imports accounts for more than 25% of the total imports by LDCs. In summary, all conditions precedent to economic development has not been fulfilled in these countries. It is therefore essential to understand the development condition in these countries so as to come up with amicable solutions. DIFFERENT PERSPECTIVES OF ECONOMIC DEVELOPMENTNEO-CLASSICAL APPROACHNeoclassical theorists like Robert Solow, the Nobel Prize winner in 1987 emphasizes on the importance of savings and formation of capital in bringing about economic development. In his famous model, ‘Solow Model’, Solow suggested that the reason why some countries flourish while others remain poor is the difference in their capital formation rate. In fact, the Solow equation provides an answer as to why LDCs continue to lag behind economically. According to him, the reason behind LDC’s under development is lack of the incentive to save. This can be validated by empirical evidence which shows that developed countries save more than 20% of their national income in capital formation whereas LDC’s only manage to save 5% of their income. Even then, the 5% is used for necessities thereby leaving only amount for capital formation. This in turn leads to low level of development. According to Solow therefore, capital formation is an important tool for economic development.

Analysis Of The Film Thin, By Alice Brittany And Alisa Essay

1. Described the DSM-5 signs and symptoms you observed for Shelly, Polly, Brittany and Alisa. Be thorough and specific The documentary Thin, followed the lives of four different women, as they struggled to rehabilitate from their eating disorders. The documentary followed these women as they were short-term residents at an impatient treatment facility in Florida that specialized in helping those with severe eating disorders. One participant, Shelly was admitted into the facility after complications relating to her excessively low body weight of 82lbs. She restricted her food intake to the extent that she required administration of a feeding tube to absorb nutrition. However, it was revealed during the documentary that she had been using her feeding tube to purge food. According to the Diagnostic and Statistical Manual of Mental Health Disorders, Volume 5 (DMS-5), Shelly’s low body weight, her lack of food intake, and her purging were all qualifying symptoms of Anorexia Nervosa. In addition to these symptoms, she exhibited the additional symptom of a fear of gaining weight. She explained to h er therapist that she feared weighing as much as her twin sister, even though her sister only weighed 100 pounds. Polly another participant also struggled with Anorexia Nervosa. Polly was admitted into the treatment facility after a failed suicide attempt. Though not a criteria for Anorexia, those who struggle with Anorexia, according to the DSM-5, are at an elevated risk of

The Impact Of Small Business On The Uk Economy - 2075 Words

Executive Summary This report offers a briefing of SME (Small and medium sized enterprises). Defines SME in terms of employee numbers and turnover. Explains to the reader why small business are important for UK economy and what impact SME has on it. Report opens up and helps to understand the advantages and disadvantages of creating the business, explains the risks entrepreneur must take in order to make it successful. It is useful for people who is thinking to open up their own business because report shows sides of the industry that never been consider and helps to understand what is required in case to succeed and drive the business into the global market. Enlightens three main ways of business that individual can start and shows both sides of the coin. Contents 1. Introduction 4 2. Micro, small and medium business in terms of employee numbers and turnover 4 2.1 Micro business 4 2.2 Small business 4 2.3 Medium business 5 3. The impact of small business on the UK economy. 5 4. The reasons for people starting their own business. 5 4.1 The advantages of having your own business 5 4.1.1 Your own boss 6 4.1.2 Space to express yourself 6 4.1.3 Unique idea 6 4.1.4 Financial freedom 6 4.1.5 Flexible schedule 7 4.1.6 Something to pass on 7 4.2 The disadvantages of having your own business. 7 4.2.1 Time consuming 7 4.2.2. Financial risk 8 4.2.3 All problems to one person 8 4.2.4 Failure 8 5. The different types of business that an individual can startShow MoreRelatedThe Economic System Of The Uk946 Words   |  4 PagesReport by AI BING The economic system in the UK, and evaluate its effectiveness. Introduction Firstly, British economy introduction. Secondly, the top field in the UK. Then is fortune global 500. Finally, the economic impact to the people. The British economy as an important trade entity, economic power and financial center, is the world’s fifth-biggest economy, is one also the world’s most affluent, the most developed and one of the highest living standards in the world. It is important thatRead MoreEuropean Union s Impact On The World Economy1500 Words   |  6 PagesIt is undeniable that the news of Britain voted to leave European Union has shook the world greatly. The UK’s withdrawal or widely known as Brexit would definitely have an impact on the world economy, particularly to the businesses in UK which is claimed to be the main concern after all. Over 99% of the businesses are Small or Medium Sized businesses (SME’s) which is equivalent to 5.4 million businesses in total (House of Commons Library, 2016). Of course, these businesses will be affected, bothRead MoreCase Study : Developing And Running Business1373 Words   |  6 PagesDeveloping and running business according to the dema nds of ever changing customer’s needs has become the criteria of being successful in this era. This era offers more dynamic and creative challenges than ever before. In response of meeting the new needs of the customers way of doing business has been changing rapidly. Small ventures and newly established start-ups have become a very good solution to the customers in fulfilling their demands. In London recently innumerable business developing consultancyRead MoreThe Issues Facing Small Business1655 Words   |  7 Pagesto critically evaluate the issues facing small business owners in the pursuit of business growth with recommendations as to how government policy might be informed to support SMEs to achieve their growth objectives. It will be highlight by innovation through this journal. Key words: †¢ Innovation †¢ Economic growth †¢ SME †¢ Job creation †¢ Technology †¢ Government policy Introduction Definition of SME: â€Å"Similarly, recent EU definitions specify that a small company is one with no more than 50 employeesRead MoreThe Financial Crisis And The Uk865 Words   |  4 PagesThis essay will talk about how the financial crisis influenced enterprises in the UK and in China. It’s obvious that the financial crisis originated in the United States and it had three major features: high destructive effect, long continuance and wide spreading. Many enterprises are impacted by the financial crisis in terms of imports and exports, unemployment and enterprise competition. In China, small and medium-sized enterprises are very necessary because China is a large population of developingRead MoreMigration is a very old process; it started when people moved from one area to another, because of1200 Words   |  5 Pageshave positive or negative impacts. For example they can share each other’s culture and background, but sometimes they can damage host country’s cultures and the envi ronment, because the immigrants can have different point of view. The best reason for migration is job opportunities; also, because of medical treatment and education, they can be much better in developed countries. Immigration can substantially improve people’s living conditions. However, not all of the UK population is appreciated withRead MoreBenefits And Costs That Have Occurred As A Result Of Asda Takeover1675 Words   |  7 PagesIntroduction Asda was formed by a group of farmers from Yorkshire in 1965. The firm was the third biggest supermarket in the UK before being acquired by Walmart, an American multinational, one of the largest retail chain and the biggest employer in the world. (https://en.wikipedia.org/wiki/Walmart, accessed 20 June 2015). The aim of this assignment is to identify and examine the benefits and costs that have occurred as a result of Asda takeover. However, firstly it will be necessary to define theRead MoreWhy The Uk Should Join The Eurozone1714 Words   |  7 PagesA question reviewed on numerous occasions, weather the UK should join the Eurozone, considering what a currency union intakes, the benefits and costs, a judgment can be entailed weather the Eurozone would be a valid investment for an economy such as the UK. Exchange rate, capital risk, interest rates or any monetary policy and fiscal policies, shall be taken in to account when formation a judgment to weather the UK should become a memb er of the Eurozone. The heart of this case is revolved aroundRead MoreMy Country, The Uk Is Still Part Of The European Union1618 Words   |  7 PagesMy country, the UK is still part of the European Union where we have been a member for many decades until most recent we voted to leave the European Union. As a member of the EU, we are governed by its rule and its rule of law. This means we cannot write our own laws, we cannot make or change anything without first getting approval from the European Union as they are our heads of state in this regard. They offer benefits based on their terms, which we are forced to accept because they make the rulesRead MoreA Brief Note On The Uk Supermarket Industry1575 Words   |  7 Pagesconducted as follow, first a brief introduction of the analysed industry; the UK supermarket industry with a concise facts about the size of this industry in the UK, then analysing the macro environment of the UK supermarket industry by using the PEST framework t hat analyses the Political, Economical, Social and Technological factors, which has a direct impact on the UK supermarket industry. After that the micro environment of the UK supermarket industry will be analysed in depth by using the Porters Five

Some Like It Hot †Station Sequence Free Essays

In the previous sequence, Joe imitated a feminine voice to get a job with Jerry in a group of female musicians. But an ellipsis deals with their disguise, obscured by a continuity shot. Thus it is a way two new feminine characters who appear on the platform. We will write a custom essay sample on Some Like It Hot – Station Sequence or any similar topic only for you Order Now This sequence also marks the appearance of Sugar/Marilyn and the confrontation of the single men with ‘a completely different sex’. 1. Tracking in with a background of nervous jazz : a close shot shows the back of the two musicians, from waist to heels. We recognize them thanks to their instruments : on the left, with the bow legs which hardly hold on the high heels belong to the player of double bass, Jerry. On the right, Joe walks more straight ahead, but the muscles of his calves are not less bulging. The extras who overtake them are all men, what even more points up their femininity. 2. From then now, the tracking out shows us the â€Å"result† of the disguise in the face. Joe, made up tastefully, makes a likely and elegant woman, his white fur collar contrasting with his dark clothes; Jerry, with his more extravagant leopardskin collar enhanced by a rustle and by a double feather on his cloche hat, mixes in his clothes hairs, feathers and petals. His lipstick extends widely beyond his upper lip, we guess he is worry thanks to a pout. In voice-over, an announcement of the station tells that the train which Joe and Jerry get ready to take is the â€Å"Florida Limited†, that goes to Miami. The musicians thus get the job in the girls’ orchestra, but will they go through the test of the disguise? 3. 4. Close shots on Joe, then on Jerry, each of them seems to take a detached expression in a weak-willed manner. They allow to see closer how each acts like a woman : Joe, simpering, glancing aside, is in the register of seduction. Jerry, in perpetual adjustment, oscillates between the girl (when he opens wide eyes) and the lady 5. 6. 7. Follow-up of the tracking in in the back. First lurch of Jerry, who twists his ankle because of his high heels. It is not the first time he grumbles since Joe, pragmatic (their aim is to get in the train to escape the gangsters) is irritated by his lamentations. Tony Curtis, with his pale and powdered complexion, his half-closed eyelids as if he was already bored to be disguised as a woman, lets to Jack Lemmon a surprising and excessive palette of face expressions. (6). Bent forwards, Jerry keeps repeating the sex change, unable to be used to the conventions which govern the feminine clothing. How can they walk on these things? † Joe’s very coarse and anatomical answer (â€Å"Must be the way their weight is distributed†) directly anticipates the appearance of Sugar, differently â€Å"distributed† indeed. After there is a reverse shot on the line of musicians who gets on the train (7) supplies a set of specimens who adds to Jerry’s panic (â€Å"It’s no use. We’ll never get away with it†. Not always come to know every details of his character, he turns his glance to an ideal model. 8. 9. Catching, off screen, the eyes of both actors playing a female role, Sugar also appears, â€Å"cut in two† at the belt-level. The music theme completely changes for a slower but warmer jazz (the muted trumpet replaces the saxophone). As Jerry, she is wearing a feather on her hat, and her ukulele, she is holding like a feminine accessory, seems like a miniature bass. These are the first two common points, still discreet, of a relation in mirror between Daphne and Sugar who will go on throughout the film. When she passes by near Joe and Jerry, the glances focus on the bottom of her body in so fixing a way like in a cartoon (the glance of the lustful wolf of Tex Avery) 10. a. Front/behind : contrary to Joe and Jerry, Sugar is filmed at first by face at the top, then by back, at the bottom. In point 2, the suspense focused the expectation of the spectator on the transformation (what will Curtis and Lemmon look like in woman? ); here, the suspense is in a way erotic : once Marilyn is identified by face, the question concerns her clothes, how her figure is emphasized. We also notice that Marilyn’s acting is as exuberant as that of her two partners : fluttering her lashes, moving her lips, rolling gait, she overplays femininity almost as much as Lemmon and Curtis 10. b. The echo of point 9 with point 1 is interrupted by the vapour blast which, from the train, surprises Sugar. The goal is to aim Marilyn’s bottom. In point 6, Jerry complained about draughts under his dress, alluding to the anatomical difference between man and woman but also to the fact that the disguise displays him : it is an exposure. More than the draught, the white vapour blast materializes the desire which has just sprung from this first meeting : Sugar is literally â€Å"whistled† by the train. He also puts Sugar in experimental feminine subject : how does she react? How does she move? How does she go on walking after this hitch? 11. † it’s like jello on springs! †. As a boy who took a toy into pieces to see how it works, Jerry questions the anatomical difference, wonders about feminine mechanics and already sees in Sugar a model to be imitated, whereas Joe, totally blown away, is brought down by love at first sight. The left and the right of the shot are separated by an invisible border between drama and comic. 12. When the newsboy arrives, the headlines of the newspaper (the gangsters are looking for the witnesses of the massacre) definitely position the disguise. Contrary to what Joe promises, Jerry and him are not going to stop this masquerade. If they want to live, they have to reborn in women, come across the shot and blend in the reverse shot, join the line of blond women with hat and instrument. 13. It is a success. Both of them are credible. Nevertheless Jerry, who is not completely transformed yet, has difficulties in speaking more high-pitched. â€Å"You two from the Poliakoff Agency? † â€Å"Yes, we’re the new girls. † â€Å"Brand new†. This first pun of a long series done by Jerry betrays his jubilation to be between two sexes. 14. 15. 16. 17. This series of shots and reverse shots sets up, between the two men, a kind of â€Å"every man for himself† : Jerry surprises Josephine by renaming Daphne, Josephine invents a story about the Sheboygan Conservatory of Music (This city really exists in Wisconsin). Their first conversation with â€Å"Sweet† Sue introduces a crossing of border from a sex to the other one, but also a time travel. Aboard this train, the transvestites travel with twenty-year-old girls, in an atmosphere of summer camp bossed around by an iron lady. 18. First feminine misadventure of Jerry (Bienstock pinches his bottom). But both are recognised as â€Å"real ladies† : this remark of the only man of the troop sounds like a birth certificate. How to cite Some Like It Hot – Station Sequence, Papers

Mergers, Acquisition And International Strategies

Mergers and acquisitions have become very common in contemporary business environment. This is because of the increased appetite of corporations to expand their operations into the international markets in order to take advantage of the growing profit potential.Advertising We will write a custom essay sample on Mergers, Acquisition And International Strategies specifically for you for only $16.05 $11/page Learn More In addition, firms are experiencing increased competition in their respective markets, thus finding it more prudent to engage in mergers or acquisitions as a strategy of gaining competitive advantage. This paper will discuss two companies, where one (Walmart) has entered into a merger and diversified internationally, and the other company (D. R. Horton) has concentrated on domestic market without engaging in a merger. Walmart’s Merger with Massmart The contemporary Business environment has become very competitive, forcing many companie s to invest in strategies that will make them gain competitive advantage. Most of the large companies are opting for mergers, acquisitions, or internationalization strategies as means of enhancing their operations. One company that has embraced the importance of mergers and acquisitions is Walmart, as it enhances its business penetration across the globe. Walmart is one of the largest retail chains in the world, thanks to its low-price business model. This approach has shown sensitivity to the needs of consumers, leading to the phenomenal growth of the company since its inception in 1962, and forcing the company to spread to foreign markers. Today, Walmart is present in all continents of the world. However, Walmart’s global success has been facilitated by its strategy of merging with retail chains in the destination countries and blending its business model with the cultures of those markets.Advertising Looking for essay on business economics? Let's see if we can help y ou! Get your first paper with 15% OFF Learn More One of the most high profile mergers that Walmart has been involved in is that of Massmart South Africa (Roberts Berg, 2012). This merger seems to stand out due to its magnitude and the controversy it generated before its completion. Massmart was one of the leading retailers of general merchandise in Africa prior to merger with Walmart, and operated in 14 countries in Africa. What attracted Walmart is the Massmart’s unique business model of high volume, low margin, and low-cost distribution of branded consumer goods. This is in addition to its segmentation of business operations into four core groups namely Massdiscounters, Masswarehouse, Massbuild, and Masscash, each of which dedicated and specialized in a certain line of business or merchandise. In addition, Walmart viewed the African market as being unexploited and bearing a huge potential for sustainable growth and profitability of business. However, despite the p otential benefits that the merger would bring to the economy of South Africa, the government of South Africa expressed explicit resistance and reservations with claims that such a deal would have adverse effect on job market as well as hinder the growth of local manufacturing and production industries. Nevertheless, the deal sailed through, albeit with conditions that saw Walmart take 51% shareholding and the rest going to the local investors. The justification of this merger can be derived from the benefits enjoyed by both firms. First, Walmart gained from entering a well-established market, which was further compounded by the agreement signed with the government and labour unions allowing Walmart to introduce its business model and penetrate in the African retail market. Secondly, Massmart was already a leader in retail business, meaning that, Walmart would not have to invest heavily in trying to capture market share in the new market. Thirdly, given that the market was readily av ailable, Massmart only needed the expertise of Walmart in supplier planning and farmer development in order to improve on fresh food supply.Advertising We will write a custom essay sample on Mergers, Acquisition And International Strategies specifically for you for only $16.05 $11/page Learn More Moreover, the two firms complemented each other well as they embraced almost a similar business model of low-price to consumers. Indeed, the success of the merger is evident from the tremendous growth the merged business has witnessed in the last couple of years (Roberts Berg, 2012). D. R. Horton Domestic operations and Proposed Merger D. R. Horton is an American company that has been in operation for the last 35 years. The company deals predominantly in real estates development and in particular specializing in single-detached dwellings. With its headquarters in Texas, the company operates exclusively in 26 states within the US, and it is ranked among the lar gest house builders in the US (D.R. Horton, 2013). Despite its success, which is evidenced by high performance in the New York Stocks Exchange, the company has never contemplated merging with or acquiring another company. However, given the increasing demand for housing and other real estate products, the construction industry is becoming one of the most lucrative and profitable industries, thus attracting many firms to join and share these profits. The result of this is increased competition and potential decline of market share for existing companies. Therefore, firms have to seek ways of improving their presence in the industry and attaining a competitive advantage. One of the mostly used strategies in contemporary business environment involves mergers and acquisitions. In the case of D. R. Horton, a merger with a company like Lennar Corporation would prove appropriate due to the fact that both companies operate in the same industry and both are performing well in the US market. In addition, Lennar Corporation has been in existence for a longer time (almost 60 years) and therefore it is more conversant with the history and trend of construction industry in the US. The positive aspect of this merger would be an increased market share and a strong capital base. There a number of aspects, which make Lennar Corporation to standout as the most valuable merger candidate: First, the company has maintained a consistent history of quality, value, and integrity, which is a very important marketing tool. This is because most clients in construction industry would primarily focus on quality of the product and the value it will add to their lives.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Secondly, Lennar Corporation does not only focus on customer satisfaction, but also reinforcing that satisfaction with delight and happiness. Indeed, Lennar Corporation offers a unique service called Total Lennar Care that makes home purchase process a joy for customers, which includes a follow-up service by a dedicated and competent team of customer care (Lennar Corporation, 2013). Thirdly, Lennar Corporation has a wide network of operation units with presence in over 18 states with the US. This will complement the units owned by D. R. Horton, making the merger one of the largest, if not the largest, real estate companies in the US. Lastly, the merger will provide a diversification of business due to the fact that Lennar Corporation has other business undertakings that are outside the real estate business. These businesses include the Lennar Financial Services and Rialto Capital Management. The advantage of this will be the fact that, potential buyers of property will not need to l ook outside for financing but they will get financing within the company through the Financing Service business unit; indeed, clients will experience a one-shop-stop kind of business when the merger goes through. Overall, a merger between D. R. Horton and Lennar Corporation will result to various benefits including reduced costs of operations, as some of the functions have to be merged such as marketing and advertisement. Secondly, the larger company will enjoy economies of scale especially in purchasing raw materials. Thirdly, the larger company will have an increased potential to penetrate into a large market, especially considering that the two companies have been successful in their businesses as well as due to the fact that there will be an increased diversification of products from the larger company. Lastly, the two companies will bring on the table expertise in different fields, thus enhancing innovation and greater industry performance (Gaughan, 2010). Walmart’s Inte rnational Business and Corporate Level Strategies The success of Walmart in the international market may be attributed to the business-level and corporate-level strategies it adopts. Primarily, Walmart positions itself as a low-price retail chain supplying quality general merchandise. Therefore, the company focuses on cost leadership/differentiation as its strategy for gaining and maintaining competitive advantage (Schermerhorn, 2011). It is important to note that the retail market is one of the most competitive markets; however, although many retail stores have tried to compete with Walmart, they have completely failed to beat it on pricing strategy. In addition to low cost of products, Walmart also offers high quality products and ensures that it retains its image as a one-stop-shop, where consumer can find any type of products from food supplies to electronics to building materials and so on. Indeed, no other company has managed to beat Walmart in terms of variety of products, th us the success of its differentiation strategy. Moreover, Walmart ensures that it continues to improve on its value chain by primarily focusing on providing value through its processes, a strategy that has significantly contributed to cost reduction in the company. This is also enhanced by the company’s aggressiveness in embracing technology and innovation in all its stores worldwide, with the latest technological stunt being adoption of e-business concept where shoppers can make orders and pay through the internet. However, despite this business strategy witnessing success in most international markets, there have been instances of total failure, especially in Germany and Korea; the company also struggled to penetrate the China market. One of the most undoing here is the cultural perceptions of the people in these countries regardless of whether the products are low-priced or not. Therefore, it is recommended that Walmart try to understand the culture of the people first, an d then enter the market using a strategy that makes the locals identify with what Walmart offers or what reflects their culture. On corporate-level strategies, Walmart has adopted various corporate level strategies including horizontal integration, related diversification, and unrelated diversification among others. However, all its corporate strategies are geared towards reinforcing its cost leadership/differentiation strategy. For instance, Walmart has adopted unrelated differentiation strategy by investing in transportation, logistics, and communication systems industries, where it gets not only increased revenues but also a platform for reducing its costs (Dess, Lumpkin, Eisner McNamara, 2011). Investment in technology has also contributed to Walmart s corporate positioning, as it has allowed the company to retain a lean management. The company’s website plays a great role in management of inventory and sales, as consumers can create accounts, order for products and trac k their orders online. Moreover, the technology and inbound logistics enable the company to manage inventories efficiently by scheduling procurements, delivery, and managing the warehouses. D. R. Horton’s Business and Corporate Level Strategies Business level strategies normally refer to actions that a firm undertakes to enhance customer satisfaction and to gain competitive advantage. Therefore, D. R. Horton may consider various business level strategies in order to continue enjoying success in the industry or to become the leader in the construction market. However, given the kind of market the company targets, it is most advisable to pursue the business- level strategy of differentiation, which will make the company unique from competitors. Here, differentiation will be in terms of quality and value-addition to customers. It is important to note that, clients in the construction market will mostly focus on the quality of housing before considering price; indeed, they will m ore likely purchase a house of high quality even at an exorbitant price than a cheap house that will not be durable. Therefore, D. R. Horton will need understand its position in the competitive construction market and then differentiate and position itself more strategically. Importantly, differentiation will be successful if the company addresses quality in terms of product, delivery, and promotion. Here, D. R. Horton will have to invest in technology as well as the most unique and innovative architectural designs that will make it stand out as a home of value and quality. In addition, the company will need to look for strategic locations to deliver its housing projects, as well as use strategic promotional methods such as home expos/exhibitions and after-sale customer care services. D. R. Horton will also need to consider corporate-level strategy that will push its business and profitability forward. As discussed above, D. R. Horton may consider merging with another company in the same industry in order to expand its market penetration, a strategy called horizontal integration. However, in this section, I will suggest that D. R. Horton considers related diversification as a corporate strategy in order to enhance performance. Here, the company will need to invest in related businesses such as supply of construction materials, transport of materials and property management among other related businesses. This strategy will allow the company to derive profits from each class of business and consolidating its industry performance. This will also be boosted by the fact that some firms in the construction industry will outsource related business from D. R. Horton’s related business portfolio, thus making it the largest company in terms of market share. References Dess, G., Eisner, A., Lumpkin, G., McNamara, G. (2011). Strategic Management: Creating Competitive Advantages. New York, USA: McGraw-Hill Education. D.R. Horton. (2013). D. R. Horton: America†™s Builder. Retrieved from https://www.drhorton.com/ Gaughan, P. (2010). Mergers, Acquisitions, and Corporate Restructurings. New York, USA: John Wiley Sons. Lennar Corporation. (2013). Lennar Corporation. Retrieved from https://www.lennar.com/about/history Roberts, B., Berg, N. (2012). Walmart: Key Insights and Practical Lessons from the World’s Largest Retailer. London, England: Kogan Page Publishers. Schermerhorn, J. (2011). Introduction to Management. New York, USA: John Wiley Sons. This essay on Mergers, Acquisition And International Strategies was written and submitted by user Her0esF0rH1re to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. 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