Sunday, August 23, 2020
Friday, August 21, 2020
Surveys Chinese clinical way of thinking rehearses, herbs, needle therapy, contrasted with Western medication. As of late, maybe because of moving segment designs, customary Chinese clinical practicesprincipally needle therapy yet additionally natural medications for ailmentshave developed generously in prominence. This paper investigates the wonder. In particular, this paper will quickly investigate the historical backdrop of needle therapy (maybe the most generally realized customary Chinese clinical act of all), some regular variations of needle therapy, the sort of individuals who go to these medications, why the act of needle therapy and the utilization of home grown cures is seen with doubt by the standard clinical network, andnot least of allthe relationship of old Chinese medication to the remainder of the United States human services network. At long last, what ought to develop is a more clear comprehension of the standard clinical communitys position just as a more clear comprehension of where conventional Chinese medication fits into the medicinal services industry. We will compose a custom paper test on Chinese Medicine or on the other hand any comparable theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page
Sunday, July 12, 2020
Essay Topics With Islam - Use These Tips to Find the Right OneEssay topics with Islam tend to be problematic for students since many people are questioning it. Is there really a connection between Islam and the history of mankind? Some argue that, while others say that there is no link between Islam and mankind's past.The origins of Islam have been debated for centuries. Scholars have found that the origins of Islam can be traced back to Abraham. Other scholars hold to a more liberal opinion that it was founded by Muhammad. However, most of the Muslim community prefer to believe that the Islamic faith is descended from Abraham.Scholars also debate on the original cause of Islam. Some feel that Islam originated from a political movement among Muslims, while others see Islam as a religion of peace. To make a simple question, how do you choose which essay topics with Islam to use?The short answer is that there is no standard essay topic with Islam that can be used in almost all undergra duate English writing classes. A lot of students are trying to find essay topics with Islam for their college essays. As long as they know their intended subject matter, it is possible to find topics that will satisfy them.The first question that students should ask themselves is, how does one get into essay topics with Islam? For some students, this may seem like a very important question. How do you write about something that is controversial? It is easy enough to get into essay topics with Islam once they are being presented to students.There are students who are under the impression that there is nothing to learn from the past in the modern day. They may feel that an organized religion such as Islam that has existed for hundreds of years is not worth learning. However, there are others who do not think so. Their way of looking at things is that the writings of modern historians and other scholars are all just theories. So they will try to be critical when studying these theories .In order to find essay topics with Islam, students should consult with professors who are very knowledgeable in the subject matter. They will guide them in getting into the right points. Also, they can point out the best sources to use when looking for essay topics with Islam.Essay topics with Islam can be found all over the Internet. Most of them are more than willing to supply the names of the essay topics with Islam they are happy to give to students. They know that students will be more comfortable if they are given the real deal.
Wednesday, May 20, 2020
Student Name | David Vargas Jr. | Class | COMP230 | Date | 08/13/15 | VBScript IP File Report In the space provided below, copy and paste your IP_FileWrite.vbs program sourcecode. If it doesnÃ¢â¬â¢t fit, use the next page for the continuation of your program sourcecode. VBScript: IP_FileWrite.vbs Written by: David Vargas Jr. Date: 08/13/15 Class: COMP230 Professor: Elizabeth Gasko =================================== This initializes a 2-dimension array of IP Address. The first index +100 is the room# and the second index+1 is the computer# in the room. dim ipAddress(5,3) ipAddress(0,0)=192.168.10.11 ipAddress(0,1)=192.168.10.12 ipAddress(0,2)=192.168.10.13Ã¢â¬ ¦show more contentÃ¢â¬ ¦constants Const READ = 1, WRITE = 2, APPend = 8, ASCII = 0 Define the variables fileName and initialize it fileName = C:\comp230\IP_Addresses.csv Declare and Set fso to the ScriptingFileSystemObject using CreateObject Dim fso Set fso = CreateObject(Scripting.FileSystemObject) Define the variables ipAddrStr and initailize it to ipAddrStr = Create an object that works with file Set ipFileObj = fso.CreateTextFile(filename,True,ASCII) For room = 0 to 5 For computer = 0 to 3 ipAddrStr = CStr(room+100) amp; , amp; CStr(computer+1) amp; , amp;_ ipAddress(room,computer) ipFileObj.WriteLine(ipAddrStr) Next Next Close the file ipFileObj.Close Set ipFileObj =
Wednesday, May 6, 2020
Finance is based on economics. Therefore, to properly understand financial markets and their behavior, you must first understand economics. Economics is the concern of production, distribution, trade and consumption of goods and services. It is the science that arises out of the relationship between limited resources and unlimited wants and needs by humans. Macroeconomics started with John Maynard Keynes, an English economist, who published a book entitled General Theory of Employment, Interest and Money in 1936. Keynes offered a clarification for the fallout from the Great Depression, when goods remained unsold and workers unemployed, a feat that left classical economists stumped. Keynes theory explained why markets may not clear. This theory evolved throughout the 20th century, diverting into several macroeconomic schools of thought known as Keynesian economics, often referred to as Keynesian theory or Keynesianism. However, in this paper, we will discuss what macroeconomics is, v ariables that make a healthy economy, the goals of macroeconomic policy and how the goals might conflict, the differences between fiscal policy and monetary policy, and other types of policies. According to WebsterÃ¢â¬â¢s dictionary Macroeconomics is defined as a study of economics in terms of whole systems especially with reference to general levels of output and income, and to the interrelations among sectors of the economy. However, macroeconomics is a branch of the economics field that studiesShow MoreRelatedMajor Economic Journal : Business And Economics Journal907 Words Ã |Ã 4 PagesBusiness and Economics Journal The first journal I found was Business and Economics Journal which is an open access publisher. The main side gives an overview of useful links like most viewed article, indexing and archiving, eBook etc. Followed by article recommendations based on categories: Ã¢â¬ ¢ Accounting Ã¢â¬ ¢ Business Management Ã¢â¬ ¢ Economics Ã¢â¬ ¢ Finance Ã¢â¬ ¢ Management Ã¢â¬ ¢ Marketing Pursued by a tweet section, Editor Board, and other important information. Nevertheless, this webpage representsRead MoreMonitoring and evaluation1235 Words Ã |Ã 5 PagesDevelopment Finance Monitoring and Evaluation Lecture-I Dec 2, 2013 Learning objectives 1 What is development? 2 Emergence of development economics 3 Development planning in India 4 Evaluating development programmes 5 What is impact evaluation? 6 Types of evaluation 7 Evidence-based policy making 8 Evaluation questions; hypotheses and performance indicators Development Finance (IFMR) Monitoring and Evaluation Dec 2,2013 2 / 11 Read More Shariah Principles Governing Islamic Law Essay950 Words Ã |Ã 4 PagesIslamic finance is governed by the Islamic law (shariÃ¢â¬â¢ah) and the sources from Quran and Sunnah. Islamic finance is the financial framework that comprise the activities according to Islamic law that known as Shariah principle. In Islamic law, any activities involved must be prohibiting from riba. Riba means extra or excess interest in payment made by buyer or customer to the seller or bank. Besides riba, Shariah Law also prohibits any transactions that contain gharar (uncertainty) and maysir (gambling)Read MoreThe Impact Of Finance On Real Estate Assets And The Economic Outlook Of The Entire World Economy946 Words Ã |Ã 4 Pagesfascinated me was the influence of finance on real estate assets and the economic outlook of the entire world economy. Studying modules such as, Financial Markets, Multinational Financial Management, Financial Statistics, Mathematics and Economics at university le vel was the revelation that perfectly matched my ambition in what I wanted to do. Studying the different factors that influence financial markets, organisations and entire nations is combining my interests for Finance to the balance I aimed forRead MoreEfficient Market Hypothesis Vs Behavioural Finance1747 Words Ã |Ã 7 PagesEfficient Market Hypothesis vÃ¢â¬â¢s Behavioural Finance An efficient market is one in which share prices quickly and fully reflect all available information, where investors are rational, and there are no frictions. Investors determine stock prices on the basis of expected cash flows to be received from a stock and the risk involved. Rational investors should use all the information they have available or can reasonably obtain, including both known information and beliefs about the future. In an efficientRead MoreCorporate Finance Programs1540 Words Ã |Ã 6 PagesCorporate Finance Programs Introduction In a companys operational activities, it is essential induce financial management in its organizational structure. All business operations center on the use of finances to incur profits that benefit the company employees, shareholders and their nations economic society. This context digs into the conduction of both managerial and corporate finance. The executive finance deals with managerial implication on financial techniques used alongside pecuniary decisionsRead MoreWhat Is The Transformation Of The Finance Function?1024 Words Ã |Ã 5 PagesThe Transformation is facing financial management as a growing industry that provides a well-rounded wealth of information that is rapidly evolving along with the economic growth. As you well know our finance and accounting departments are under fire to perform dynamically. More exceptional than before is the weight to drive real-time intelligence and the constraints to develop a forward-looking analysis to support a business decision. In ret rospect, this coincides with dramatic shifts in businessRead MoreFinance : A Successful Entrepreneur1286 Words Ã |Ã 6 PagesThe definition of finance is rather complex but Merriam Webster seems to provide the most comprehensive explanation, stating, Ã¢â¬Å"the management of revenues; the conduct or transaction of money matters generally, especially those affecting the public, as in the fields of banking and investmentÃ¢â¬ (Merriam Webster). The management of revenues is essentially the core of what separates the jobs of finance majors, compared to other business-related majors such as accounting and economics. While accountantsRead MoreArticles Relating to Capital Structure-Essay1658 Words Ã |Ã 7 PagesArticlesÃ¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦6 ConclusionÃ¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..8 References/BibliographyÃ¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.9 Ã¢â¬Æ' Introduction On Capital Structure :- In the field of finance capital structure means a way an organization or firms finances their assets by the way of some mix and match of Equity, Debt or Hybrid Securities. The modern thinking on capital structure is based on the Modigliani-Miller theorem given by Franco Modigliani and Merton Miller. The theorem suggests that in a perfect market the total value of theRead MoreIn the modern finance theory , behavioral finance is a new paradigm , which seeks to appreciate and1000 Words Ã |Ã 4 PagesIn the modern finance theory , behavioral finance is a new paradigm , which seeks to appreciate and expect systematic financial market influence of psychological decision making ( Olsen R A, 1998). In the recent studies irrationality in the decision making was revealed , based on certain cognitive limitations. The present chapter is divided into two aspects According to traditional models in finance and economics, human beings are rational while taking their decision. However the recent studies explain
Question: Discuss about the Social and Political Portrait System. Answer: Introduction: There is a deep connection between the politics and the security. The concept of security comes from the state of a mind where the concern is related to people, populations, property, territory, ideas and values (Dannreuther 2014). There is always a need of a political power for the betterment of the country from the point of view of both governance and the administration management. To make the security of the country more powerful and to create the powerful existence in the word it is always important to make the security more advanced in terms of both creating infrastructure and weapons. The concept of security among the people comes from different socio economical background and also from several political aspects. The main concern related to the people is to live peacefully with their family in the society and it is also important for them to be sure about the security of their country. The main concern related to the security depends upon several infrastructure of the student o f the country like the border security, security in the field of air and marine. From the political point of view there are many cases where the country is also affected internally due to some unwanted attack of the different political powers. There are two aspects of making the system more advanced in terms of security. There are several threats which may cause internally or externally (Fierke 2015). The security can be internal or external in terms of making the system more advanced with respect to the types of the threats. There are several directions of the security aspect and the relationship of the security and the politics can be also of different types. It may be complex or it may be of several aspects with respect to different situations. In case of politics the internal politics of a country generally lead to several violence which causes due to different socio political reasons and the roots are also among the people based on several regions and religion (Hehir 2013). In that case the law and order is the most important parameter to be maintained by the governance and it is also very important to keep the internal security strong enough in order to keep the peace and law and order maintained during the violence. There are also many security policies which are utilised for several security issues which are implemented in large organisations like the national states for perusing security. People actually look at the security issues as necessary attention and it is actually politically contained. The security policies have a huge role in determining the world politics. Characteristics of war War is the most important subject which is discussed mostly from the academic point of view. It is one of the most traditional issues which are discussed in case of international relation and politics. It is also connected with the subject related to the international security. The concept of war is based upon the supremacy in an activity which can have several types of forms. There are several reasons for which the academics have interests in war. War is devastating in nature and it happens due to human activities and several human choices. In case of security war is discussed as the subject which is more than just a security related problem. The main source of war is the accessibility of politics management, history and society (Janowitz 2017). War is often generated due to the political interests and it dominates the other factors and rises above all matter in case of i0ts activity. In case of governance and national security several situations come in which war is considered as t he largest security threat (HughesL and Long 2015). For the advancement of the infrastructure of the war it is also important to make the defence system more powerful and in order to do so the cost and investment for the military and the weapons become a huge amount which can be utilised in the welfare in other socio economic advancement. War and history are two terms which are connected deeply and it is complex but intense in nature. The victors create the history as they create new era in the human kind. There are many famous wars like the Mongol conquests, hundred years war, American revolutionary war, Napoleonic wars, American civil wars and the World War I and World War II (Janowitz 2017). In every case the amount of damage and the number of dead people are huge. The modern structure of our politics, territoriality and society are also highly affected by the impact of several wars. The effect of war is most important in case of making the social values. In case of a war it generates by not affecting some parts of the society but after the ending of the war the values, relations ideas are changed to a large extent in case of the society. It is also important from the socio political background as some of the governance creates the main system more offensive in nature by making the political leaders to take the war as a social practice. The main advantage of making the system more advanced in terms of making the system. Warfare is the state of one kind of combat where the representatives of several national states take part. The nation or the states take the decision of applying several forces that affect the international relation among the states or the countries (Michalos 2017). The state may be the government also and the military is also implemented by the interest of the government. It is also related to the organised violence as it takes place by the human practice and the main advantage of using the system is in terms of developing ideas which are generated by the people. In the modern era the conventional war is actually changed to the concept of warfare which can have other form rather than the conventional warfare. The main idea of making the warfare was generated by the Napoleonic war. The French revolution has also affected the warfare and it also spreads through more than 150 years. It can also take place in several places. Characteristics of pre-modern war In the historical background the armies fought with mussed markets and the main way of war was to fight by moving on with horses. The naval forced were empowered with the canon and the wind powered canons. The nature of the war was also very slow and the cost behind the military forces was also very high and the military successes were considered as the diplomatic negotiation. In those days the warfare was characterised as the leaders approach which was based upon the risk-averse (Hehir 2013). Since the army was too expensive it was considered as the leaders can make the system more advanced in terms of the risks. They also used several strategies by implementing the military troupes in the places where the enemy had several weaknesses. Napoleon is considered as one of the greatest leaders I the field of politics and warfare in the history. He was famous for his strategy and also he was empowered with a great military force. He had the great ability to utilise the resources in a more effective way so that he can make the system more advanced (Hehir 2013). This also generated due to several reasons and situations in France which were also based on the rise of nationalism and there were several new aspects which were related to the construction of the professional military and bureaucratic institutions for the mobility of the people and military of France. After the impact of Napoleonic approach the main factor which was added to the characteristics of war was the implementation of the mass to the war. The World War I and the World War II are considered as one of the biggest wars of all time in the history and these are considered as the conventional war. The World War were created in the modern era of the history where there are many factors of generation of the war. There were several reasons behind the world wars. International security deals with the situations where warfare among two or more countries can take place. It also deals with the defence mechanism and different strategies of the countries which are also important for the security of the countries (Janowitz 2017). In the modern world the concept of conventional war is changed to a greater extent. After the huge damage of the two world wars it has also come to a situation where every country is concerned about the effects of the conventional war. In the modern world many countries are empowered with atomic weapons and it will be a huge disastrous which may lead to the damage of a large extent of the mankind. WMD, Deterrence, and the Cold Wars WMD refers to the weapons of mass destruction and this has many aspects which can mislead in some cases. These kinds of weapons are unconventional in nature and the main concern related to the weapons is that these can damage a huge amount of people. These also can contain the biological, chemicals and nuclear weapons. These are the main types of the weapons which are responsible for the main concern related to the modern war and it can damage to a greater extent in the modern era. The effect of the concern related to the nuclear weapons is increasing day by day (Fierke 2015). From this point of view the concept of minimum deterrence has come and the main advantage of this is to create a least amount of warheads. From this point of view the concept of the cold war has been generated and the main concept is related to the international pressure created upon a country or state instead of going for a conventional war (Hehir 2013). In this way the pressure is created upon the country by several international platforms. In the recent history one of the famous cold war was created between the two major countries which are America and the Russia respectively. After the cold war the Soviet Union feel and it distributed to several small countries. In recent days most of the wars are denominated by the use of such international actions which are better for the peace of the world and human kind. The spread of the nuclear weapons are increasing day by day. Every country is concerned about the increment of the nuclear weapons. It is also a huge concern for the countries in the international field with the nuclear weapon as it can make a huge destruction to the whole mankind management. The effect of the concern related to the nuclear weapons is increasing day by day. From this point of view the concept of minimum deterrence has come and the main advantage of this is to create a least amount of warheads (Dannreuther 2014). From this point of view the concept of the cold war has been generated and the main concept is related to the international pressure created upon a country or state instead of going for a conventional war. After the huge damage of the two world wars it has also come to a situation where every country is concerned about the effects of the conventional war (Michalos 2017). In the modern world many countries are empowered with atomic weapons and it will be a hug e disastrous which may lead to the damage of a large extent of the mankind. Keeping that in concern it is also important for the countries to make their security strong and to be ready for the situation where it may lead to a war. References Dannreuther, R., 2014. International security: The contemporary agenda. John Wiley Sons. Critical approaches to international security. John Wiley Sons. Fierke, K.M., 2015.Critical approaches to international security. John Wiley Sons. Hehir, A., 2013. The permanence of inconsistency: Libya, the Security Council, and the Responsibility to Protect. International Security, 38(1), pp.137-159. Hughes, L. and Long, A., 2015. Is there an oil weapon?: Security implications of changes in the structure of the international oil market. International Security, 39(3), pp.152-189. Janowitz, M., 2017. The professional soldier: A social and political portrait. Simon and Schuster. Johnston, A.I., 2013. How new and assertive is China's new assertiveness?. International Security, 37(4), pp.7-48. Kahler, M. ed., 2015. Networked politics: agency, power, and governance. Cornell University Press. Michalos, A.C., 2017. The impact of trust on business, international security and the quality of life. In How Good Policies and Business Ethics Enhance Good Quality of Life (pp. 127-153). Springer International Publishing. Wright, A.M., 2015. War and Warfare. Routledge.
Thursday, April 23, 2020
The Decision of Johnson Johnson Acquires Dabao. Essay The decision of Johnson Johnson Acquires Dabao. Di Wang MGT 540 MI004 Professor: Arthur Annechino 20th February 2013 Table of Contents Executive Summary3 Introduction4 The reasons of decision6 Decision making style7 The problem in decision making process8 Recommendations9 Conclusion11 Reference12 Executive Summary This paper is talking about the Johnson Johnson Acquires Dabao. It starts with review the two companiesÃ¢â¬â¢ history, and then shows the problem of them before acquiring. Further analysis of Johnson JohnsonÃ¢â¬â¢s decision with the problems that in their decision making process and also the decision making style that could be found in the acquisition. At last, give some recommendations to JNJ and the conclusion for this whole paper. Introduction Johnson Johnson (NYSE: JNJ) is an American multinational medical devices, pharmaceutical and consumer packaged goods manufacturer founded in 1886. Its common stock is a component of the Dow Jones Industrial Average and the company is listed among the Fortune 500. Johnson Johnson is located in New Brunswick, New Jersey with the consumer division being located in Skillman, New Jersey. The corporation includes some 250 subsidiary companies with operations in over 57 countries and products sold in over 175 countries. Johnson Johnson had worldwide pharmaceutical sales of $65 billion for the calendar year of 2011. Among JNJÃ¢â¬â¢s well-known consumer products are the Band-Aid Brand line of bandages, Tylenol medications, Johnsons baby products, Neutrogena skin and beauty products, Clean Clear facial wash and Acuvue contact lenses. We will write a custom essay sample on The Decision of Johnson Johnson Acquires Dabao. specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Decision of Johnson Johnson Acquires Dabao. specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Decision of Johnson Johnson Acquires Dabao. specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Johnson Johnson came to China in 1985, but until now, in majority of the Chinese peopleÃ¢â¬â¢s hearts, it still stay in the baby care products. In fact, Johnson Johnson brand in the United States has more than a century history, is the products supplier with most comprehensive and the most diverse medical and health care products and consumer care in the world. The strong outstanding international performance did not make Johnson Johnson achieve the comprehensive development of a leap in China. Especially in consumer and personal care products, Johnson Johnson has Johnson Johnsons Baby, Clean Clear, Neutrogena and other brands. These brands almost cover each segment of the cosmetics industry. But in each market segment, the market share of Johnson Johnsons product did not reach the top ten. Johnson Johnson seems to be considered as a niche brand, which makes JNJ very depressed. In Johnson JohnsonÃ¢â¬â¢s view, in order to catch up with other multinationals in China, the best and quickest way is to acquire a local brand and expand its own brand extension and channel coverage. Dabao is undoubtedly the best choice to achieve this strategic goal for Johnson Johnson. Beijing Dabao Cosmetics Co. , Ltd. its predecessor factory is Beijing Sanlu Factory, is a state welfare enterprises established by the Beijing Government for the employment of the disabled. And with as many as 35% of the disabled workers. The company was founded in 1958, 1985 converting cosmetics develops, produces, sells, and exports herbal cosmetic products in China and internationally. It offers various varieties of skincare, hair care, beauty care, perfume, and clinical series products. The companyÃ¢â¬â¢s products include slimming creams, breast configuring creams, hair stimulators, senile fleck dispeller creams, eye-bag creams, anti-wrinkle creams, ginseng shampoos and conditioners, and ginseng both lotions. Its most famous product is Ã¢â¬Å"Dabao SOD creamÃ¢â¬ . It sells its products through department stores and shops. The company exports its products to the United States, Switzerland, Sweden, Greece, Tunisia, Bangladesh, and Cyprus. From in 1997, Dabao won the championship of the domestic sales of skin care products for eight consecutive years. In 2003, market share of Dabao in the skincare industry was 17. 9%, much higher than the other competitors. Dabao was trying to get rid of the low-end positioning, but the market performance is far from satisfactory. It seems that Dabao would never enter the high-end market in the industry. In 2004, its brand market share of negative growth, accompanied by declining net profit. Industrial output value and tax sales re venue declined slightly. The total profits and taxes in the decline stage, indicating that there was fierce competition in the market at that time, Dabao brand was facing the increase impact of foreign brands, price wars, increased costs, and many other heavy pressure. On February 27th , 2007, Dabao listing to start the transfer of 100% equity at a price of 2. 3 billion yuan in the China Beijing Equity Exchange. Its transfer form is equity overall transfer. Listing period, Johnson Johnson (China) Investment Co. , Ltd. , Unilever (China) Investment Co. , Ltd. , Kao Corporation and other international well-known cosmetics companies to come to counseling and due diligence. Johnson Johnson and Unilever are interested transferee. The Unilever offer only 1. 7 billion yuan, much lower than the listing price. Finally JNJ won at the price of 2. 3 billion, the equity transfer agreement signed on April 18, 2008. July 30, Johnson Johnson completed the acquisition of Dabao transactions from Beijing Sanlu Factory and the Dabao employee stock holding committee. Acquired the 83. 42% of state-owned shares and 16. 58% of employee shares from both of them. The reasons of decision There are three main reason why Johnson Johnson make the acquire decision. Firstly, in order to catch up with other multinationals in China, the best and quickest way is to acquire a local brand and expand its own brand extension and channel coverage. Dabao is undoubtedly the best choice to achieve this strategic goal for Johnson Johnson. Johnson Johnson can access to the business development department directly, gain the time advantage in order to avoid time delays in plant construction. Secondly, Reduce a competitor, and directly get its position in the industry. Thirdly, get the use of high energy market forces. The two corporate uniform price policy, earnings higher than the revenue they gained when they were compete with each other. For example, a large number of information resources will be available for disclosure. Such as accounting income data can be used to illustrate the profitability of the enterprise, lso can be used to evaluate the changes of industry profitability. The acquisition will bring Johnson Johnson the efficiency of production and operation, the most obvious performance was to achieved economies of scale to help Johnson to improve the control ability of Chinese market. Dabao in the second and third line markets has a strong marketing network and great attraction. Dabao have the mature path in these markets , especially advantage in the wholesale field of the second and third line markets, there will be conducive to the expansion of the Johnson Johnson products field. Also can filling in gaps for Johnson Johnson in the field of low-end mass cosmetics market. Share the Dabao development experience can reduce the learning cost of accumulated experience for Johnson Johnson. And save the enterprise development expenses. Low-end cosmetics is very easy to research and development, but to cultivate a mature terminal need to spend more time. So acquire Dabao no doubt go a shortcut for Johnson Johnson. But its original intention is to clear away the barriers to enter the industry and the market to get priority in China. From DabaoÃ¢â¬â¢s view, Dabao acquired by Johnson Johnson who is more efficient and the replacement of managers has become inevitable, management efficiencies will brought new opportunities to Dabao in the future development. Decision making style For the decision making style in the decision making process, first I found the overestimation bias. Ã¢â¬Å"Overestimation occurs when people overestimate their performance, chances of success or control of the situation (Bazerman Moore, 2009, p. 91). JNJ has full confidence for acquiring Dabao company and they believe they will gain most of the market share after they acquiring Dabao. So they give a high price to buy Dabao company, at the price of 0. 6 billion yuan more than their competitor Unilever. Actually, Dabao was facing many problems at that time and even can not survival in the market. So JNJ should did more research for the background of Dabao, and consider that seriously then give the right price to leave more chance for its self to the further development. Another bias I found is the Motivated Optimism bias. The Motivated Optimism bias is the tendency to feel positively about a situation turning out well despite evidence that proves otherwise. This bias was reflected in the staffsÃ¢â¬â¢ placement plan that accepted by JNJ. JNJ was positively about giving the disable employees continue working in Dabao even thought JNJ knew that is one of the mean reasons that caused Dabao developed slowly. I also tell the cultural bias from this issue. First there are culture differences between the US and China in doing business. And the two companies have totally different cultural with each other. Dabao is a state welfare company. So there must have many culture issues that JNJ can not avoid. It seems JNJ never make any prepares for that and acquired Dabao in a hurry. The problem in decision making process Because the purchase price failed to reach an agreement, the negotiations had reached an impasse after entered into an equity transfer intention agreement. Dabao listed price 23 million yuan is five times its net assets, 3. 4 times sales. Dabao audited total assets of 6. 45 billion yuan, net assets of 495 million yuan. In 2006, the main business income of 676 million yuan, net profit of 41 million. According to the 2006 assessment report, the total assets of Dabao is 2. 26 billion yuan, liabilities of 295 million yuan, the owner of the equity of 2. 241 billion yuan. The data shows that Dabao listed price of 23 million audited is of five times as net assets of 459 million yuan, which is not a cheap price. The reasonable price should be about 1. 5 billion yuan. In the othersÃ¢â¬â¢ eyes, the price is debatable, but JNJ still acquisition of Dabao with the price ahead of t he competitionÃ¢â¬â¢s price of 600 million yuan. Another problem is the staff resettlement problem. Dabao has a characteristic, Dabao is a state welfare enterprises with as many as 35% of the disabled workers. And according to Chinese law, employees with disabilities have not been laid off, which is one of the reasons that makes Dabao development difficult. The staff placement problem hindered the acquisition process for a time. Therefore, in the acquisition, placement of workers become the most central issues in addition to price issue. After negotiated for many times, the staff placement plan has reached a consensus. After the acquisition the Dabao employees still be the employees in DabaoÃ¢â¬â¢s original parent company: Beijing Sanlu Factory , continues to serve Dabao brand. The employees who have not get the new jobs or do not accept the jobs of the new companys will continue as employees in Sanlu Factory. Recommendations In my opinion, I disapprove Johnson JohnsonÃ¢â¬â¢s decision of acquiring Dabao. Before a company makes a decision to acquire another company, two main issues must be taken into consideration: to recover the cost of investment in a short period of time; another is able to play the role of complement and enhance their own original brand. Before the acquisition, the two companies are in the decline stage. Acquired Dabao company for Johnson Johnson is a certain risk, if Dabao continued its downward trend after the acquisition , then it will certainly contrary to the original intention of Johnson Johnson to acquired Dabao. That will not only exacerbate the problem of Johnson JohnsonÃ¢â¬â¢s products market positioning in China, and it will also affect the overall development of Johnson Johnson. If Dabao can not become a listed company, Johnson Johnson will be difficult to recover the $ 23 billion investment cost for acquisition Dabao. Also the difficulty of integration will be to some extent prevent the development of Johnson Johnson. The huge capital injection and Dabao placement of workers problem will increase the difficulty of the Johnson Johnson Development. National circumstances and foreign investment risk will be a severe test. The products of the two companies does not match, the future development challenges than opportunities. After the acquisition, the biggest problem is if JNJ could make good use of the DabaoÃ¢â¬â¢s channel resources, after all, there are too many differences and even conflicts of the management style between multinationals and local companies. JNJ valued DabaoÃ¢â¬â¢s channel resources, however, these are not the hardware resources, if JNJ could not make good use of these channel resources, that may cause the channels unrest as well as loss of dealer. So I think JNJ should maintain the independence of Dabao, make Dabao like its other subsidiaries in the world, became a separate entity, independent operation. And achieve the integration of sales and channel. Dabao has weak research and development ability, so JNJ retain DabaoÃ¢â¬â¢s original flagship product and at the same time research and development of new products, in order to seize the market. Johnson Johnson should change a senior management team for Dabao. Conclusion In order to catch up with other multinationals in China, Johnson Johnson completed the acquisition of Dabao, a state welfare company has many channel resources but also has develop issues. During the decision making process, Johnson Johnson met many problems such as the price issue, the employees settling issue. Johnson Johnson gave a high price and accepted the employees settling plan that came up by Dabao. I do not think that is a good decision for Johnson Johnson to acquire Dabao because it is difficult to recover the cost of investment in a short period of time and the development will be affected by the issues appeared in the decision making process in the future. Also for the further development I give the recommendations of make good use of these channel resources, maintain the independence of Dabao, retain DabaoÃ¢â¬â¢s original flagship product and at the same time research and development of new products, and change a senior management team for Dabao. 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