Tuesday, May 26, 2020
Short Article Reveals the Undeniable Facts About Narrative Descriptive Essay Samples and How It Can Affect You
Short Article Reveals the Undeniable Facts About Narrative Descriptive Essay Samples and How It Can Affect You Lies You've Been Told About Narrative Descriptive Essay Samples You don't want your reader picking up the dictionary every 2 seconds to look at the significance of an intricate word thereby missing from the attractiveness of the job. The usage of hyperbole creates an exaggeration and on occasion a comic relief. There are various kinds of words. Sarcasm is an intriguing technique only the most suitable selection of words can bring to life. The conclusion is just as vital as the other sections. You may also consider introducing the experience in the very first paragraph but delaying your expression of the importance of the experience until the close of the essay. Also, it's the last phase of the writing. By comparison, the very first person has been frowned upon in academic writing. Every time that you are requested to tell a story you're predicted to develop new, fresh ideas. With good work of imagination, it's quite easy to produce plot ideas. You simply sit and can't come up with the concept of what things to write. The principal idea of all of the criticism is to give an opinion both of positive or negative implication. Subsequently, essay was defined in a number of ways. Essays are available in many forms. The essay defines a particular perspective. Ultimately, always make certain to edit your own personal narrative essay before you submit it! Narratives are geared toward telling about yourself. Narrative essays serve broad array of purposes. They are actually pretty fun to write. Completing a paper may be a time-consuming practice. Students are requested to explain, comment on, or assess a subject of study in the shape of an essay. You only ought to describe the events and other details that may help your reader get a complete comprehension of your idea. When you disclose information at the start, your audience will get to realize the central idea deeper. Try to keep in mind that the information that you present is the sole information your readers have about the experiences. Essentially, a plot is all the big events of a story working with each other to give it a point. Consider the sequence of events and don't forget, no detail is too tiny. Remember you should use vivid and specific particulars. The beginning details offer a framework to turn your storytelling powerful and meaningful. Narrative Descriptive Essay Samples - What Is It? When you compose a narrative essay, you're telling a story. Telling a story isn't always simple and telling a terrific story is even harder. All the details relate to the principal point the writer is trying to make. The writer is religious and her very best friend died. Narrative essays are told from a defined point of view, frequently the author's, therefore there's feeling together with specific and frequently sensory details given to find the reader involved with the elements and sequence of the story. The thought of a compelling first-person narration isn't the just one. Try to remember that although the major part of a narrative is the story, details have to be carefully selected to support, explain, and boost the story. One of the primary determinants of whether or not a story will be engaging to its readers is the caliber of detail given by the author. The Argument About Narrative Descriptive Essay Samples The principal purpose is to return permanently to regular life and standard well-being. Make certain you didn't miss any vital points. Students should determine the method by which the story begins, what the results are in the middle (where the majority of the action will take place) and the way the story ends.
Tuesday, May 19, 2020
Mosquito Bite Protection 10 Tips for the Forest User
There is a risk of mosquito bite every time you enter a forest or work in and around the woods. In addition to being uncomfortable, mosquito bites can cause illnesses which include several types of encephalitis, dengue and yellow fever, malaria, and West Nile virus. The actual bite comes from the female who feeds in the evening and at night. Late summertime is usually peak mosquito season but can happen any time conditions become optimal. Wet weather and high humidity during a period of warm weather rapidly increaseà mosquito populations, especially where there are standing pools of water. Obviously, more insects generate more bites and a greater likelihood of the spread of disease.Annual West Nile virus outbreaks are associated with large populations of mosquitos. You do need to be aware of potential health issues in your location and be able to prevent mosquito bites. But dont worry too much. In reality, according to mosquito expert Dr. Andrew Spielman, your chances of getting a disease is one in a million. So the good news is that human illness from West Nile virus and other diseases are rare in North America, even in areas where the virus has been reported. The chance that any one person is going to become ill from a mosquito bite is low. The bad news isà if you work or play in the woods your chances for bites go up which increases your exposure to mosquito-borne disease. 10 Mosquito Bite Protection Tips Here are ten tips to help you reduce the risk of mosquito bites: Apply insect repellent containing DEET (N,N-diethyl-meta-toluamide) when youre outdoors.Wear loose fitting clothes to help prevent mosquitoes from reaching the skin and to retain less heat.Whenever possible, wear long-sleeved clothes, socks and long pants.In a forest, wear clothing that helps you blend in with the background. Mosquitoes hone in on color contrast and movement.Treat your clothes with permethrin repellents. Do not use permethrins on your skin!Avoid perfumes, colognes, fragrant hair sprays, lotions and soaps which attract mosquitoes.Reduce your risk of exposure by staying indoors during peak mosquito feeding hours (from dusk until dawn).Avoid lingering in places where mosquitoes lay their eggs. Usually, this is around standing water.Spray a pyrethrin into the air when confined to a certain outside area.Taking vitamin B, garlic, eating bananas, constructing bat houses and hanging insect zappers are not effective against mosquitoes. Natural Mosquito Repellents Some of these tips are heavily dependent on using chemicals that have been safety tested and approved for human use. Still, there are times you might prefer to use natural mosquito repellents and practices that limit insect exposure. Avoid outside activities that increase skin temperature, skin moisture, and sweating. Also avoid strong fruity or floral fragrances and clothing with extreme color contrasts. Consider using natural volatile plant oils. Oils in this category include citrus, cedar, eucalyptus and citronella. These oils can be used safely both on the skin or released as a smoke. They can be enhanced when several are used at the same time.
Friday, May 15, 2020
Should College Be The Worst Schooling Essay - 919 Words
Have you ever heard someone say The more you say something, the more people will believe it.? My dad is infamous for this quote. When we are young we hear our influences reason that college is the worst schooling we will ever have to face. The more we hear it, the more we believe it. Eventually, as we grow up, we have friends who go off to college, and they explain it s not as bad as we had imagined it to be, but the bad weââ¬â¢ve heard throughout our life outweighs the bit of good we might hear in the last year or two before we ourselves go off to college. We then go to college with the bad stuck in our mind. Not only that, but in attempting to protect ourselves, we close ourselves out, avoiding things that present themselves as challenges. We re in a strange place with people we don t know, concepts we don t understand, and new experiences to be had. We are afraid of how we will be accepted by those around us, we are unsure if we will be able to comprehend what it is we re bei ng told, and we feel this new ordeal is unfathomable. It s a huge difference going from high school to college, and more so as a homeschooler. My past experience in a school-like setting involved a group of us meeting once a week having our parents teach us in a small classroom setting. There were eleven total students enrolled in the high school program, and not everybody had been enrolled in the same class. The largest class consisted of eight students, and the smallest class, four. IShow MoreRelatedCollege Is An Exciting And Wonderful Time1164 Words à |à 5 PagesGoing to college is an exciting and wonderful time. Not only does it teach us many things but there it has a lot to offer. Going to college is a very different experience and the challenges that go with being a college student can affect you. College is a huge step in life and many say that college will either make or break you. I believe this statement because college isnââ¬â¢t something that isnââ¬â¢t taken lig htly, this is very serious and crucial to your future and education. While there may be fun adventuresRead MoreShould College Athletes Be Paid?971 Words à |à 4 PagesShould? Or Should Not? In college sports today there is an occurring issue on whether or not college athletes should be paid to play. This issue has been disputed since the NCAA was established in 1906. These athletes have made money for everybody involved with these schools, but they themselves have made nothing. The main reason these players have not acquired pay is because of the NCAA and their rules and regulations. College athletes should get paid because they are the main source of revenueRead MoreSurvival Of The Fittest : Winston Churchill1649 Words à |à 7 Pagescontinue that counts.â⬠For most students fresh out of high school, college may seem strenuous and intimidating, but by looking at it from different perspectives, it can also be one of the best learning experiences in life. By students realizing the differences between high school and college, managing their time, and staying motivated, they can be successful and prevent the worst case scenario of dropping out. Surviving college is not an easy task, but in the long run it will benefit students andRead MoreDisadvantages Of Homeschooling1426 Words à |à 6 PagesHomeschooling should be considered as a viable option for educating children K-12 along with public schooling and private schooling. Homeschooling can be chosen for negative reasons, such as sheltering children or providing an easier opportunity for parental abuse. It is somewhat controversial both legally and socially with stigmas attached to it that are not always true. However, homeschooling is a form of education that has many benefits. It can provide a safe environment and be a worthwhileRead MoreEducation Empowers, Schooling Stifles Essay1307 Words à |à 6 PagesEducation Empowers, Schooling Stifles Education has been the subject of some of the most heated discussions in American history. It is a key point in political platforms. It has been subject to countless attempts at reform, most recently No Child Left Behind and Common Core. Ardent supporters of institutional schools say that schools provide access to quality education that will allow the youth of our country to gain necessary skills to succeed in life. Critics take a far more cynical view. TheRead MoreEarly Classes Are Good For You881 Words à |à 4 Pagesthing is early classes are good for you, especially if you are awake. early classes are good for you because they enhance productivity, the brain focuses better at an early time, and keeps the test scores peaking. Early classes seem to be the worst time for college freshman to take a class such as foreign language, but it is better for them at that time verses at a later time. The earliness of the class is what is dreaded most about the eight A.M. Many feel they would function better if they had classRead MoreWhat Makes A Good?1403 Words à |à 6 Pages When going through any type of schooling everyone will experience what they will define as a ââ¬Å"goodâ⬠and a ââ¬Å"badâ⬠teacher. Though the definitions vary from person to person the guidelines on each seem to stay pretty consistent. It is seen throughout daily life that teachers that are experienced in real life are vastly different from what people see in all forms of media. In these medias teachers can be glamorized into something that is unachievable. Even if teachers cannot measure up to this perfectRead MoreMy Schooling Experiences Formed A Positive Outlook On American Education1666 Words à |à 7 Pages My schooling experiences formed a positive outlook on American education. Throughout my schooling, I was fortunate to have the most influential teachers that assisted me into becoming who I am today. I was a student who struggled until the 8th grade. Luckily, my teachers took their time to tutor me one on one after and before school. One teacher, in particu lar, had the greatest impact on my education and is the reason why I did not give on learning. Reading and writing were my worst subjectsRead MoreCareer Paths That I Have Interest Essay1145 Words à |à 5 Pageswhat is referred to as a Postsecondary teacher. A Postsecondary teacher is a teacher that is able to focus on a specific vocational subject, i.e. law Enforcement (Police Academy). This is an important factor in some types of careers, because no college course will give a person enough knowledge and understanding on how to be a successfully functioning Police Officer. The role of the Postsecondary Teacher in this career path is highly required for the success of the student, as there is no safetyRead MoreOnline Learning Is Not The Next Big Thing1279 Words à |à 6 PagesThere is a continuous dispute about the true advantages of online education. Not only with college students, but younger K-12 kids too. Editor of Training and Development Magazine, Donna J Abernathy, wrote , ââ¬Å"Online Learning is not the next big thing, it is the now big thingâ⬠(Pappas). She is referring to the advancements in technology that are here in the present, that are here to help, and are here to teach. More frequently these days, K-12 students are using online-based work. Some say submerging
Wednesday, May 6, 2020
Capitalism Good or Evil Essay - 1871 Words
INTRODUCTION: Along with the advance and development of the society, capitalism is acquired by lots of countries among the world. But in the meantime, an increasing number of problems are brought to our attention, one of which is the pros and cons of capitalism. As to whether it is a blessing or a curse, people take different attitudes. Capitalism can be traced back to the Middle Ages in Europe, and this economic system has been contributing to the whole human race for centuries. However, people are attaching more importance to what capitalism is really doing to us, and they start wondering if another world is possible. My paper will focus on the question ââ¬Å"Is capitalism good or evilâ⬠, and discuss different views about it. Capitalismâ⬠¦show more contentâ⬠¦American philosopher Jonathan Korman claims in his article that ââ¬Å"Capitalism is an appealing way to try to provide for peoples essential needs because it tends to generate a lot of wealthâ⬠(Korman, Apr. 15 2005), and for capitalists, capitalism seems to be just right for them to accumulate as much profit and build their world of prosperity. But then again, Korman also indicates the dilemma that ââ¬Å"It also tends to distribute that wealth so unevenly that you have a number of people who dont get their needs metâ⬠(Korman, Apr. 15 2005). Thus, whether capitalism is really positively influencing our society or not needs to be considered carefully. Personally, I side with the latter opinion ââ¬â it is to some extent problematic. Hence, I want to start with some thoughts of David McNally. In an article of McNally called ââ¬Å"The Invisible Hand is a Closed Fistâ⬠, he makes the statement that there has been something wrong inside capitalism in the market economy. Inequality, alienation, degradation of the environment and conflicts between individual rights and public interests are all factors that will potentially make a capitalist society unstable. And his article gives a thorough analysis on these points. Through an economic scope, McNally expounds the concept of ââ¬Å"commodificationâ⬠which is a part of globalization, and explains the fact that the process of capitalism is turning things that were originally out of a market into commodities, for instance, laborShow MoreRelatedMarxism : A Structural Conflict Theory1718 Words à |à 7 Pagesbourgeoisie oppression under capitalism to a socialist and ultimately classless society. There are varying types of economic exchange that all vary dependant on the type of society and economic system the country is in. Namely these are barter, which is the exchange of gods and commodities; merchandise, bartering through the intermediary of money, and capitalism, that uses commodities in order to increase money. For Marx, the latter type of economic exchange (capitalism) is one that is based uponRead MoreThe Jungle by Upton Sinclair The story ââ¬Å"The Jungleâ⬠by Upton Sinclair is somewhat of a declaration900 Words à |à 4 PagesThe Jungle by Upton Sinclair The story ââ¬Å"The Jungleâ⬠by Upton Sinclair is somewhat of a declaration of attention towards the matters of sociopolitical issues, capitalism, political corruption, and the depravedness of corporate personnel, corporatism, and industrialism; it inspires progressivism in its strong and thought-provoking messages and lives by its title. The story is about a recently married Lithuanian couple ââ¬â Jurgis and Ona, and their ten other siblings who all come to America, as immigrantsRead MoreAnalyze Native American Societies1482 Words à |à 6 Pagesholistic Native American beliefs versus dualistic world views, and in so discussing we will illuminate the readerââ¬â¢s knowledge about the differences in views of purity and salvation. The second important aspect is that of the economic ethic: American Capitalism versus Native American subsistence labor ethic. The reasons why these two aspects are so important in explaining change or the lack of change in Native American communities is because everything is linked to religion and the ceremonies that ensueRead MoreThe Societies Of The World1133 Words à |à 5 Pagesbe hopeless and have no part in the global economy. Ultimately, Wolf understands that non-Western societies are just as intertwined into the workings of global processes and that they significantly contri bute to history and the global economy. Capitalism has been allowed to emerge as a dominant mode of production, however, Wolf challenges the notion that non-Western cultures and people were isolated and static entities before the advent of European colonialism and imperialism. Before active colonizationRead MoreAnalysis : The Tonic Of The Wilderness 911 Words à |à 4 Pagesof seeing the wilderness as an essential value of the Earth is Gladys Swan. Swan clarifies Crà ¨vecÃ
âurââ¬â¢s message about men perceived as plants by analyzing how men have adapted and encapsulated the need of capitalism when coming to America. This need has shifted American Puritans focus on capitalism and has lost hope in valuing the land of Earth. Swan later expressing her reasoningââ¬â¢s through an article ââ¬Å"The Tonic of the Wildernessâ⬠supporting that people living in the wilderness adapt to a slower paceRead MoreCapitalism Essay1175 Words à |à 5 PagesCapitalism Throughout my duration in college, business has been my major area of concentration. Capitalism is the most central and consequential topic which has to do with business. The ideals of capitalism, over time, have faced much scrutiny. Many great minds within the past two centuries have discredited capitalism, for the virtues of socialism and the whole of society. It is my intent to put forth a moral justification of the ideals behind capitalism. Ayn Rand said ââ¬Å"TheRead MoreCapitalism: A Love Story Essay1063 Words à |à 5 Pagespromotes capitalism enables businesses to gain wealth at the expense of the consumerââ¬â¢s wealth. Ultimately this becomes a question of morality as these corporations reap the money from hardworking citizens for the purpose of greed and exploitation of the free market economy. In the film, Capitalism: A love story, the film makers use conventions and point of view to show that capitalism in America is an evil that is better replaced by democracy. Michael Moore warns everyone that promoting capitalism willRead MoreEssay on The Evil of Capitalism1061 Words à |à 5 PagesThe Evil of Capitalism An obsession of any kind is usually unhealthy, but obsession with money can destroy the soul. Karl Marx believed that human activity is paralyzed by the capitalist system. To be sure, the all-encompassing passion for wealth and power is unchristian, but is all capitalism evil? If the answer were yes, then abandoning capitalism, with its central goal of profit, would seem to be an obvious solution to the social ills of mankind. Of course, eliminating capitalism isRead More Marx and the Communist Movement Essay922 Words à |à 4 Pagescontroversial of stages, is known as capitalism. Here, private or corporate ownership of capital goods is determined by private decisions rather than the state. Price, production and the distribution of goods are determined mainly by competing in a free market. Lastly, the forth stage of human development, is referred to as Communism. This is a final stage of society in Marxist theory in which the state and private ownership is demolished, and econo mic goods are owned and distributed equally. InRead MoreThe Jungle By Upton Sinclair1525 Words à |à 7 PagesThey poured themselves into working under the most horrendous conditions only to make a few pennies an hour and fall victims to the evil schemes of business owners and city officials. Eventually the story turns to what I believe is the most central idea of the novel. Sinclair wanted his readers to believe that socialism was the solution for the injustices of capitalism, which was to blame for the struggle of Jurgis Rudkus and so many other working-class families of the era. The remainder of this essay
John Diefenbaker The Last Old Tory Essay - 2229 Words
John Diefenbaker was the last ââ¬Å"old Toryâ⬠to be the Prime Minister of Canada. He was a member of the Conservative Party with deep values as well as being a British loyalist who supported the Queen. Diefenbaker was also a man that was well known for not supporting anything he thought was anti- British. This sentiment was most evident when Diefenbaker criticized the Liberalââ¬â¢s refusal to support Britain in the Suez Canal crisis and sided with the Americans. This loyalty the Diefenbaker had to the British Commonwealth would not serve him well as Prime Minister of Canada. In 1958, Diefenbaker would win the largest majority government in Canadian history upsetting the new leader of the Liberal Party, Lester B. Pearson, who had taken over for St.â⬠¦show more contentâ⬠¦Kennedy, the President of the United States of America, which made it difficult for Canada and the United States to work together on different policies. These major events, which John Diefenbaker did not deal with effectively, caused the Prime Minister to lose the biggest majority government in Canadian history in 1963. In 1957, John Diefenbaker took the spot of the Official Opposition leader against the Liberal party who at the time was lead by St. Laurent. Diefenbaker did not support the new budget which was presented. This forced Parliament to dissolve in April of that year and have an election on June 10th. St. Laurent was extremely confident about winning the election as the Liberals had been in power since 1948. St. Laurentââ¬â¢s confidence was such that he did not even bother to make any recommendations to the Governor General to fill the 16 vacancies in the Senate before dissolving the government. During the election campaign Diefenbaker was portrayed to the country as a peopleââ¬â¢s person, who was honest with small town values. He was popular in the Prairie Provinces as he connected with the people. He had grown up in Saskatchewan and understood the culture o f the prairies. Three months before the election took place a census of how Canadians would vote was conducted. It showed that 46.8% of Canadians planned to vote for the Liberal party and only 38% for the Conservatives. In the next three months this would change considerably because of aShow MoreRelatedEssay on The Four Political Parties Of Canada4255 Words à |à 18 Pages What is particularly interesting is that none of the latter three parties compose Her Majestys Official Opposition in the House of Commons. The Bloc Quebecois, a Quebec separatist party who only ran candidates in the province of Quebec in the last federal election in 1993, won 54 seats in that province, and claimed the title of Her Majestys Loyal Opposition over the Reform Party, who garnered only 52 seats. Because the Bloc ran candidates only in Quebec, it would be difficult to think of
Analysis of the Use of M&A Strategy
Question: ExplainAnalysis of the Use of MA Strategy. Answer: Introduction In order to gain the profitability and competitive advantages, every organisation engages in the different strategies and plans. These plans and strategies help the firms to compete in the market and develop supportive relationship with the different stakeholders to generate positive corporate image (Dor, Dynkin and Hyman, 2011). In this, the merger and acquisition strategies are effective to generate values to the organisations, which also enable them to generate more profits from the collective operations. Acquisition strategies offer various benefits to the companies such as cost cutting, large insights of market, improving in performance and creating market access for product (Lacity and Willcocks, 2015). In this concern, this report critically analyses the merger and acquisition strategy that are used by the companies in energy sector during the oil price drop of 21014 to 2016. With the help of appropriate academic models, this report also discusses the challenges and benefits of merger and acquisition strategy with the examples of energy sector companies. Analysis of the Use of MA Strategy In recent years, the strategy of merger and acquisition has gained lot of popularity in order to capture the market of other companies in the respective fields. It is analysed that in the energy sector, there are many companies that use this strategy to meet the needs and demands of customers and achieve profitability and growth. During the oil price drop of 2014 to 2016, the energy companies used MA strategies to strengthen their competitive position. It is because due to drop in oil price, merger companies enabled to not to overpay the money at the time of merger and acquisition activity (Deloitte, 2016). It helped the companies to save their money on merger. It is found that in the global energy sector, the volatility in the oil price levels influenced most of the aspects of industrys performance. It is because due to volatility in oil price, the actual profitability figures of oil and gas companies has come, which made the MA activities more effective during the oil price drop of 2014 to 2016 (Bertocco, Keuer and Milisavljevic, 2015). For example, in the merger and acquisition between Sabine Oil gas and Forest Oil Corporation, Sabine Oil and Gas Company merged with Forest Oil Corporation. It helped both the firms to capture the market area as well as assets to increase the profitability. Through this, both the organisations have also enabled to develop the internal strengths to capture new market opportunities in effective ways (Business Wire, 2014). It is analysed that during the year of 2104 to 2106, the low oil price distressed the oil and gas companies. It also generated the wave of merger and acquisition as most of the companies wants to recover their price due to loss by the low price of oil. In this, the merger and acquisition strategy helped the oil and gas companies to provide benefits to the shareholders and enhance the effectiveness and success of merger in the energy sector (Scheck and Raice, 2014). Along with this, it is also identified that merger firms effectively used the merger and acquisition strategy during the oil price drop of 2014 and 2016 in terms of establishing defensive mergers. As per the PEST model, there are various factors that influence the merger strategies of oil and gas companies. In this economic factor is one of the external factors that affect the merger strategies (Chorafas, 2016). For example, during the low oil price of 2014 to 2106, in the merger between Shell and BG Group, due to demonstration of decreasing in oil price, the firm decreased the value of its oil and gas assets by nearly 6bn. At the same time, Shell also announced to cut its spending by approx 10bn for the next three years (BBC News, 2015). It helped the new merger to gain effective profits and remain competitive in the crisis situation. In support of this, it is also identified that during the low oil price of 2014 to 2016, the oil and gas companies also used the MA strategies to develop the strength in terms of enhancing the product and service portfolio. Through this, the companies also enabled to provide greater values to the customers that also supported them to increase profitability during the low oil price period (Gomes, Weberand Brown, 2011). On the other hand, it is also analysed that at the time of sharp decline in the oil price, the weaknesses of oil and gas companies in merger and acquisition also has emerged in terms of managing the stress of balance sheet. It is because decline in the oil price negatively affected the profitability of the merged firms that also impacted on the relationship and created a reason of merger failure (Hotten, 2014). But, at the time of low oil price in the market, mergers and acquisitions were increasingly recognised as an effective way of spreading risks in both upstream and downstream functions. It also helped the companies to cut their costs and achieve economies of scale (Dor, Dynkin and Hyman, 2011). For example, at the time of depressed oil price, the merger of BP and Amoco helped the oil industry to provide more effective products and services. In this, the firm announced to operate in all the industry segments, manage more than 130 business units in more than 100 countries. It also helped the merger to achieve profits and competitive advantages (Gomes, Weber and Brown, 2011). According to Chon (2012), the growth strategy model indicates that strategic acquisition is effective for the companies to follow the strategy of transformation. Due to this, the companies are also enabled to mitigate the challenges that they face during the crisis situations. It also helps the firms to achieve comp etitive advantages over their competitors. In similar ways, it is analysed that during the low oil price of 2014 to 2016, the oil and gas companies effectively used the merger and acquisition strategy to mitigate the gaps and access the financial resources of each other to meet the organisational goals and objectives. For example, in the case of BP and Amoco merger, BP effectively used the resources of Amoco, which enabled the firm to hold a stronger market position in different countries that also supported the firm to achieve competitive advantages in the depressed oil price situations (Lacity and Willcocks, 2015). At the same time, the fall in oil price also helped the oil and gas companies to develop their relationship with the same sector companies. As per the SWOT analysis model, it is found that due to sharp fall in the oil price, global energy companies received the opportunities to expend their market in the developing countries like India and Indonesia by developing strategic partnership with the local companies. It is because expanding market in developing countries enabled the global energy companies to save their cost on RD as well as establishment of plant to explore the oil and gas from the resources (Lacalle and Parrilla, 2015). On the other hand, in the energy sector, the oil and gas companies also used the merger and acquisition strategy in order to mitigate the cash flow problems. For example, the consideration of merger of Salamander Energy by Ophir Energy was based on the cash flow problems. In this merger, corporate purchase has taken place at the bargain price, which helped the firm to force investors to exit their investment quickly and realise cash at any price (Armstrong, 2014). Due to this, the Ophir effectively resolved the cash flow problems due to fall in the global oil price. Challenges and Benefit of MA Challenges In order to accomplish merger and acquisition in the energy sector, a company faces various challenges and problems to make it successful. In the merger and acquisition process, it is the difficult task to analyse which company will stay and which will go out (Belyi, 2013). It is a major and concerning decision for the companies board of members and their equity shareholder. It is not possible for a company to go out from the market, which continuously earning good profit as well as it is also not possible for the debt bringing company to stay much time in the market. Along with this, it is also a challenging aspect to identify the proper reason behind the communication of merger and acquisition. It is because; it is difficult for a company to find out actual interest of another company behind the MA activities (Campbell and Wstmann, 2013). During the time of oil price drop of 2014 to 2016, most of the merger and acquisition companies faced the challenges related to the finance. It is because due to fall in the oil price, the companies unable to generate much finance to pay to the investors their money. It also created issues related to the failure merger strategies adopted by several companies such as AOL and Time Warner Company. According to the SWOT analysis, energy sector has many opportunities such as favourable government policies, earn high profit, minimum competition, etc. (Cartwright and Cooper, 2012). So, capital is required to take the benefits of various opportunities. In the oil and gas industry, sometimes challenges can arise in the marketing of the petroleum product, pipelines of petroleum product. An acquiring company also faces the challenges in comparing the benefits, compensation, culture, dividend, taxation, HR policies of both companies because every company have different policies regarding them. AOL and Time Warner merger is failed due to the lack fulfilment of the commitment from each side (Fu and Zhang, 2011). It is the main challenge in the merger and acquisition to complete the pre-determined commitment. It is difficult for a company to create value after the MA in the energy sector. It is because; MA activities can break the price of the oil and gas at extent level because it is possible that financial debt amount of transferred from acquired company to acquiring company (Holburn and Vanden, 2014). If the amount of debt is much higher compared to profit earning per year that time, it is difficult for an acquiring company to make the profit and overcome from debt. Often, it has been seen during the merger and acquisition, companies fail to achieve the predetermined targets. It is because; a company cannot focus on the business objective until the deal has closed. Sometimes, mismanagement also becomes the reason of the missed targets. It is difficult for the management team to manage two companies activities at the initial stage. Merger and acquisition bring up the problem of the loss of the key people in the organization. At the time of the deal, the company requires the renormalization the organizational structure and delegation of the leadership (Inkpen and Moffett, 2011). The delegation of the authority is also a critical aspect for the firm due to there is the requirement of concentration on both companies candidate. Benefits A successful MA is that which involves the focus on the both operational and cost effectiveness of the companies involved in the deal. It is an interesting aspect for the reader to enhance the knowledge on the benefits of the merger and acquisition in the energy sector. Merger and acquisition activities provide various types of benefits for the both acquired and acquiring companies. Through the MA activity an oil and gas company can pay their debt in the time of crude oil are collapsing (LaMattina, 2011). As per the SWOT analysis, it is stated that merger and acquisition provide different types of strengths to the energy sector namely strong technology development, quality human resource and large market share (Campbell and Wstmann, 2013). Similarly, during the oil price drop, the MA strategies helped the companies to receive these benefits by developing greater relationship with each other. The taxation is also a benefit for the acquiring company in the merger and acquisition activi ties. It is because, the government provides taxation reduction in the merger and acquisition activities that leads to the decline in the tax liabilities. In the energy sector, if a company acquires another country companies that time acquiring company, which helps the companies to save their costs. During the oil price drop, the MA in the oil and gas industry also helped the firms to achieve economic of scale. A major example of the economies of scale involves Sabine Oil gas and Forest Oil Corporation in which the new merger enabled to reduce the cost of its production by using the valuable resources of both the companies. Acquiring a company in the same industry is increased the production level with more efficiency in the production. In the energy sector, MA is a most appropriate way of the expanding their business at the large scale (Rothaermel, 2015). Through the merger and acquisition, a firm can take advantage of the market opportunities. It also reduces the competition in the market and helpful for a company that wants to enter the new market. Merger and acquisition provide higher market share to an oil and gas industry for conducting business activities. In the case of oil price drop, a strong financial company purchases smaller company that provides the benefits to the stronger financial company to achieve customer base as well as resources of that company Due to this, firm is also benefited in terms of cost-efficient and time consuming (Wstenhagen and Wuebker, 2011). Shell and BG group merger provided to organic growth to the acquiring company. The decision of Shell to acquisition in the same sector helped in reducing the operational cost of organization as well as increasing the revenue of the firm. It is also beneficial in terms of increasing the supply chain and pricing power. Thus, the combination of the two companies in the energy sector enables to enhance the work performance and strength of business network by improving market reach (Belyi, 2013). Conclusion From the above discussion, it can be concluded that during the oil price drop of 2014 to 2016, the merger and acquisition strategy is one of the effective strategies that adopted by the energy sector companies to reduce the negative effects of low oil price. It also helped the companies to expand their businesses in new markets as well as provide better and effective services to increase the customer base in the crisis situations. The energy sector companies also used the merger and acquisition strategies to provide the benefits to the investors in terms of giving better returns on their investments. At the same time, it can also be concluded that the oil and gas companies also used the merger and acquisition strategy to manage the balance sheet stress and cash flow problems significantly. It also helped the oil and gas firms to meet the needs of cash and provide profitability by establishing a strategic relationship with the other companies in the different countries. References Armstrong, A. (2014) Ophir agrees 314m takeover of Salamander. [Online]. Available at https://www.telegraph.co.uk/finance/newsbysector/energy/11249706/Ophir-agrees-314m-takeover-of-Salamander.html [Accessed: 8 July 2016]. BBC News (2015) Royal Dutch Shell to buy BG Group in 47bn deal. [Online]. Available at https://www.bbc.com/news/business-32213341 [Accessed: 8 July 2016]. Belyi, A.V. (2013) Institutional trends in Russias oil and gas sectors. The Journal of World Energy Law Business, 5(6), pp.39-45 . Bertocco, R., Keuer, W. and Milisavljevic, M. (2015) Preparing for the Coming Wave of Consolidation in Midstream Oil and Gas. [Online]. Available at https://www.bain.com/publications/articles/preparing-for-the-coming-wave-of-consolidation-in-midstream-oil-and-gas.aspx [Accessed: 6 July 2016]. Business Wire (2014) Sabine Oil Gas and Forest Oil Announce Definitive Merger Agreement. [Online]. Available at https://www.businesswire.com/news/home/20140506005979/en/Sabine-Oil-Gas-Forest-Oil-Announce-Definitive [Accessed: 6 July 2016]. Campbell, C.J. and Wstmann, A. (2013) Campbell's atlas of oil and gas depletion. UK: Springer. Cartwright, S. and Cooper, C.L. (2012) Managing Mergers Acquisitions and Strategic Alliances. UK: Routledge. Chon, K. S. (2012) The Growth Strategies of Hotel Chains: Best Business Practices by Leading Companies. UK: Routledge. Chorafas, D. N. (2016) Energy, Environment, Natural Resources and Business Competitiveness: The Fragility of Interdependence. USA: CRC Press. Deloitte (2016) The impact of plummeting crude oil prices on company finances. [Online]. Available at https://www2.deloitte.com/ng/en/pages/energy-and-resources/articles/crude-awakening-the-impact-of-plummeting-crude-oil-prices-on-company-finances.html# [Accessed: 6 July 2016]. Dor, A. B., Dynkin, L. and Hyman, J. (2011) Quantitative Credit Portfolio Management: Practical Innovations for Measuring and Controlling Liquidity, Spread, and Issuer Concentration Risk. USA: John Wiley Sons. Fu, X. and Zhang, J. (2011) Technology transfer, indigenous innovation and leapfrogging in green technology: the solar-PV industry in China and India. Journal of Chinese Economic and Business Studies, 9(4), pp.329-347. Gomes, E., Weber, Y. and Brown, C. (2011) Mergers, Acquisitions and Strategic Alliances: Understanding the Process. UK: Palgrave Macmillan. Holburn, G.L. and Vanden Bergh, R.G. (2014) Integrated market and nonmarket strategies: Political campaign contributions around merger and acquisition events in the energy sector. Strategic Management Journal, 35(3), pp.450-460. Hotten, R. (2014) Falling oil prices threaten to transform the industry. [Online]. Available at https://www.bbc.com/news/business-30393690 [Accessed: 8 July 2016]. Inkpen, A.C. and Moffett, M.H. (2011) The Global Oil Gas Industry: Management, Strategy Finance. UK: PennWell Books. Lacalle, D. and Parrilla, D. (2015) The Energy World is Flat: Opportunities from the End of Peak Oil. USA: John Wiley Sons. Lacity, M. and Willcocks, L. (2015) Nine Keys to World-Class Business Process Outsourcing. UK: Bloomsbury Publishing. LaMattina, J.L. (2011) The impact of mergers on pharmaceutical RD. Nature Reviews Drug Discovery, 10(8), pp.559-560. Rothaermel, F.T. (2015) Strategic management. USA: McGraw-Hill. Scheck, J. and Raice, S. (2014) Will Cheap Oil Lead to Big Mergers?. [Online]. Available at https://www.wsj.com/articles/will-cheap-oil-lead-to-big-mergers-1417750974 [Accessed: 8 July 2016]. Wstenhagen, R. and Wuebker, R. eds. (2011) The Handbook of Research on Energy Entrepreneurship. USA: Edward Elgar Publishing.
Tuesday, May 5, 2020
The Smallest One was Madeline free essay sample
ââ¬Å"In an old house in Paris that was covered with vines, lived twelve little girls in two straight lines. They left the house at half past nine the smallest one was Madeline.â⬠When I was a child, I would sit on my mothers lap as she read to me. The books we chose ranged from those telling the tales of princes and princesses and woodland creatures to stories of ghosts and ghouls. However, the books I remember the best are the ones with bright illustrations and bold white print on the covers; the books that told the story of Madeline. Orphaned at a young age, the little girl lived in a French boarding school with her eleven classmates and their school mistress, Miss Clavel. Considered to be the trouble maker of the class, Madeline was always the most daring and lovably mischievous. Most of all, no matter what anyone else thought of her, Madeline was never afraid to speak her mind or defend what she believed to be right. We will write a custom essay sample on The Smallest One was Madeline or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Looking back, I believe it was these qualities that drew me to Madeline and made me want to be like herââ¬âto the point of cutting my curly, waist-length hair into a short bob. Her intrepid boldness and spunk taught me that its okay to be myself, no matter what; if Madeline hadnââ¬â¢t been tucked in between dashing princes and innocent princesses, who knows if Iââ¬â¢d be any of the things I am today. One of the most valuable lessons I learned from Madeline was that of leadership. For example, I am currently serving my second term as Student Council president and my third year as a section leader in our schools marching band. As Student Council president, I interact not only with the student body and our adviser, but also with our principal and members of the community. I am also directly responsible for the outcomes of certain school events such as our blood drives and Homecoming dance. As a section leader, I help new band members become better musicians and, in some ways , better human beings. I, along with the other section leaders, teach them to do everything with passion and intensity and to convey those feelings to the audience. This job, above any other that I have held, requires patience, understanding, a willingness to push oneself and a willingness to have fun. As a leader in marching band, I must force myself to stay positiveââ¬âin the same way Madeline wouldââ¬âto help the underclassmen and new members exert the same kind of energy as we rehearse. Holding such highly regarded positions, I am required to possess superior leadership skillsââ¬âones that I may never have learned if my mother had introduced to Madeline. We are living in a special time in historyââ¬âone in which women are openly and strongly accepted as leaders. And as a young woman and a leader, I believe that all young girls should read or be read the stories of Madeline. Like she taught me, she can teach them that it is alright to be smart and strong in a world where women are stillââ¬âin some places, at leastââ¬âexpected to be naive and fragile. In fact, as a leader with in my school, I like to believe that my peers and my teachers have placed me in the most esteemed positions not because of my naivete or fragility, but because of my candidness, tenacity and drive to succeed. I also like to believe that a little, red-headed girl in a blue coat and yellow hat had something to do with it as well.
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