The Decision of Johnson Johnson Acquires Dabao. Essay Example

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 companies’ history, and then shows the problem of them before acquiring. Further analysis of Johnson Johnson’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 JNJ’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 people’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 Johnson’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 company’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 â€Å"Dabao SOD cream†. 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 Dabao’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. 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 staffs’ 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 others’ eyes, the price is debatable, but JNJ still acquisition of Dabao with the price ahead of t he competition’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 Dabao’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 Johnson’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 Johnson’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 Dabao’s channel resources, after all, there are too many differences and even conflicts of the management style between multinationals and local companies. JNJ valued Dabao’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 Dabao’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 Dabao’s original flagship product and at the same time research and development of new products, and change a senior management team for Dabao. References :analyzing the reason of johnson johnson acquired dabao. (2008, August 06). Retrieved from http://bbs. 55bbs. com/thread-1836669-1-1. html Beijing dabao cosmetics co. , ltd.. (n. d. ). Retrieved from http://www. dabao. com/ Enterprise merger case analysis of johnson johnson acquired dabao. (2012, August 09). Retrieved from http://wenku. baidu. com/view/af14c431a32d7375a4178039. html Johnsonjohnson. (n. d. ). Retrieved from http://www. jnj. om/connect/ Johnson johnson purchase dabao a sudden change in the situation. (2011, May 27). Retrieved from http://wenku. baidu. com/view/763309976bec0975f465e271. html Johnson johnson ranks no. 1 in national corporate reputation survey for seventh consecutive year. (2005, December 07). Retrieved from http://www. harrisinteractive. com/news/allnewsbydate. asp? NewsID=999 Klovee. (2008, February 02). [Web log message]. Retrieved from http://johnsonjohnsonblog. blogspot. com/2008/02/introduction. html

Best Proposal Essay Topics for 2019 - Paperell.com

Best Proposal Essay Topics for 2019 85 Good Proposal Essay Topics: Guide with Examples Useful Tips On How To Choose Proposal Essay TopicsBrainstorming interesting  proposal essay topics  is quite challenging. But this doesn’t mean it’s utterly impossible. You can come up with a standout idea if you follow the expert tips listed below. But before you glean on those hacks, you need to understand what a proposal essay means.A proposal essay is a written document  that  identifies an issue in society and proposes solutions to the problem. This write-up is argumentative but takes a slightly different format than a typical essay. One of the distinguishing elements of a proposal is  deep research. As such, it takes more time to formulate a thesis and generate supportive evidence. In essence, such an essay needs to persuade readers that the proposal is viable and worth pursuing. Good proposal essay topics  convince the audience why specific ideas are good or bad.Generally, a proposal essay  must have the following elements.Research questionsThesis s tatementStatement of purpose/ proposalPlan of actionConclusionList of resourcesWhether it’s your first or fiftieth time to compose a proposal essay, the following strategies will help you to accomplish your assignment.Get the right topicThe best topics for a proposal essay involve serious research, planning, and enthusiasm. When narrowing down your ideas, it is essential for you to choose a subject of your interest. For most essays, you can change a topic until it comes out the way you want, but when it comes to a proposal, it is better off to choose something you are passionate about so you don’t get bored in the middle of your research. You will be writing and researching  a lot, and so it is much more pleasant to write when you have enjoyable ideas. The readers should be able to see your passion through what you’ve written, so you have to make your content more interesting. But don’t fall into a trap of writing about too obvious subjects like how to declutter a house or how to kill mice. Instead, find a topic that has a significant influence on you or society. Our proposal essay topics list has good examples you can expand on.Choose a subject with existing literatureWriting on a topic that cannot be supported by information resources is pointless. Your audience needs to see the evidence of your claims. From there, you can pick the side of the argument you think you can handle best. Never write opinionated content without facts. For instance ‘How to make yourself feel good’ is a bad topic. What you need is a topic with concrete facts such as ‘How to increase funding for research on chronic diseases.’ Remember that at the end of the proposal essay you must give a list of credible information sources.Choose an argumentative topicThe most exciting topics for proposal essay are debatable. Avoid a single subject because it can get boring and may not serve your goal correctly. It is good to address the opposi ng ideas from other scholars so you can produce an all-round academic paper.Best proposal essay topics for college studentsSuppose your lecturer asks you to write a proposal on a topic of your choice. In this case, you need to generate an idea   which can be good or bad. Then, you should prove that what you are proposing can be practiced in real life. Check out some exciting proposal essay topics  from different spheres.CultureTraditional family values versus bread and circus cultureIt is never too late to revitalize the old-fashioned way of lifeLack of tolerance in society is the cause of sexist, racist, and erratic behavior: How to stop these vicesMoral values are recurrently diminishing in society. How can we bring them back? Should heroes admonish permissive Hollywood movies?While morality is deemed outdated, risky behaviors are saluted: Ways to turn the tablesWhat’s the point of overspending on credit? Our culture is loaded with debts, and this needs to stopThe use o f gender-neutral words that sound politically rightHow to promote tolerance in our permissive societyParentingWhat can today’s parents do to ensure that their kids treat others with respect?Parents who are unable to care for their children properly should be given a second chanceWays to protect children from peer pressureThe best ways to discipline kidsParents and teachers should encourage kids to pursue science educationThere is a need for parents to emphasize more on humility rather than entitlementThe most effective methods of teaching children about moneyParents should have more extracurricular activities for their schooling kidsWays parents can help their children to deal with or avoid bullying in schoolLawHow do healthcare practitioners deal with homosexual patientsPrisoners, whether serving a lifetime or probation, should be allowed to voteThe espionage law and freedom of speech: should it be banned or improvements were made?The protection of animal rights is the respo nsibility of everyone, not just vegetariansDog bite laws: An overview of different dog breedsTechnology, Internet, and the Mass MediaDependency on technology is the killer of creativityHow to teach kids to use technical gadgets at the best valueHow college students use social media to improve their academic performanceWays to control the type of data that is retrieved onlineMethods of protecting your personal information from cyber theftImpact of cyberbullying and how to respond to itChildren should not be allowed to watch the TVHow to discern the truth from online headlinesAll countries should adopt internet censorshipHealthMeasures that should be taken to increase funding for research on cancer treatmentMajor health trends we can learn onlineHow is the life of an individual allergic to electromagnetism and modern gadgets?Safer methods for boosting health without the use of medicineImpact of antidepressants on self-esteem: should they be banned?Are cloning tissues for incurable dis eases ethical?Incorporating fun into a healthy lifestyleTest tube babies have a higher risk of congenital disabilities: couples should consider adoptionThe discussion of legalizing marijuana should be put to restHow to persuade kids not to play around with drugsEducationalQualified teachers have the right to reign freelyMistakes are fundamental to learning. School kids should be encouraged even when they err in classesThe latest trends in psychology that can be used to boost academic performanceHow to make the most out of a degree you don’t like to getHow to discuss sexual education in school without creating awkwardnessShould teachers warn kids about the negative life aspects?The education process is dependent on both students and educatorsAre grades the only way to measure a student’s performance?Teaching methods that must be prohibited in schoolsSportsCollege sport should undergo drug testsHow to prepare players for possible injuries and retirementThe mass media can do better in covering sports: special features and interviewsSports coaching: taking motivation to new heights for athletic playersReevaluating education and sports: should college athletes be paid?Rules that can improve parent’s involvement in their children’s educationCan single-sex schools help to increase students performance and discipline?College lifeDo college essay writing services help to improve students’ performance or encourage laziness?Serious issues facing college studentsShould universities monitor subcultures? What are the advantages of cultural diversity in schools?Work–study: how to balance studies and job without feeling overwhelmedHow to curb the issue of sexism in higher learning institutionsWays in which students can improve their safety at schoolChallenges faced by parenting studentsPreventing drugs and alcohol abuse among studentsThe right way to rest in a semesterBusinessUnemployment is a significant problem in society: how to el iminate it for goodConsumers should report big companies who lie about their products and servicesSmall and medium enterprises: ways to evade economic crises in the futureHow businesses should maintain trust with their clientsShould employee emails stay private at workplaces?The customer is always right: how to be a great clientHow to set the company’s  mission rightBesides monetary benefits, how else should companies reward workers?MotivationYour happiness depends on your attitude: How to live a happier lifeHow to anticipate a great future without being worried about your current salaryHow to avoid emotional breakdowns in the exam roomHow to teach people on ways to deal with failureDo we learn from others mistakes?Perfectionism is destructiveSocial issuesReducing homelessness in the societyChildren from socially unstable families can do the best in the  school and future relationships through counselingReducing the number of early-age school dropoutsHandling illegal immi grationThese proposal essay prompts are meant to inspire you. Feel free to add more ideas based on something that interests you. You might want to check a good proposal essay example before you start writing. Don’t forget to use a plagiarism checker after completing your paper an always keep in mind that you can use academic writing services if you get stuck.

5 Sentence-Folding Fixes

5 Sentence-Folding Fixes 5 Sentence-Folding Fixes 5 Sentence-Folding Fixes By Mark Nichol Does your last piece of writing feel flat, static, repetitive? Is a soporific sentence rhythm dulling your edge? Combining sentences is an easy solution for making your prose flow more smoothly and briskly. 1. â€Å"The logging practices of the time were extraordinarily wasteful. They involved cutting and then burning in order to clear the logged area of limbs and other forest debris.† The second sentence neatly folds into the first between the subject and the verb: â€Å"The logging practices of the time, which involved cutting and then burning in order to clear the logged area of limbs and other forest debris, were extraordinarily wasteful.† 2. â€Å"Smith completed his report in September 1950. It represented five years of work.† The second, shorter sentence here is easily folded into the first, but how it should be done depends on the emphasis. If the duration of the project should be emphasized, then work the completion date into a parenthetical phrase: â€Å"Smith’s report, completed in September 1950, represented five years of work.† If the completion date is more important, parenthesize the project duration: â€Å"Smith’s report, representing five years of work, was completed in September 1950.† In either case, reserve the more important information for the end of the sentence. 3. â€Å"The book’s author, Jane Smith, was a well-established, award-winning author. Jones and his advisers tried hard but failed to keep the book from being published.† The information about Smith, which follows a first reference to the book in question, is the kind of detail that is important but does not merit a separate sentence. However, if the preceding sentence is already complex (as was the case here), work it parenthetically into the next reference to the book: â€Å"Jones and his advisers tried hard but failed to keep the book, written by Jane Smith, a well-established, award-winning author, from being published.† (This is a natural fit, because the author’s status likely had some impact on the failure to suppress the book’s publication.) The sentence could be further compressed by inserting the writer’s qualities before her name, rather than after it: â€Å"Jones and his advisers tried hard but failed to keep the book, written by well-established, award-winning author Jane Smith, from being published.† 4. â€Å"They needed $40,000 to qualify their bid proposal. To raise that amount, they wrote to people who had visited the area.† The combine these sentences, simply replace â€Å"that amount,† the second reference to the monetary figure, with the first reference, and adjust the syntax of the first statement: â€Å"To raise the $40,000 they needed to qualify their bid proposal, they wrote to people who had visited the area.† 5. â€Å"The new bill was 157 pages long and described 150 projects in more than 200 congressional districts in forty-four states. The total cost was a tidy $1.8 billion.† Forms of the lifeless verb â€Å"to be† (is, was, were, and so on) serve as red flags marking sentences that merit revision. The classic fix for the two-sentence template â€Å"This was that. This was that.† follows: Replace the first â€Å"to be† verb with a comma, and change the form of the second verb and replace the period with another comma; these actions convert what follows was in the first sentence into a parenthetical phrase. Then, jettison the first two words of the second sentence and the second â€Å"to be† verb, which transforms cost from a noun to a verb: â€Å"The new bill, 157 pages long and describing 150 projects in more than 200 congressional districts in forty-four states, cost a tidy $1.8 billion.† Find more examples of how to combine sentences in this post. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Style category, check our popular posts, or choose a related post below:10 Grammar Mistakes You Should AvoidHow to Play HQ Words: Cheats, Tips and TricksWhile vs. Whilst

Stakeholders Essay Example | Topics and Well Written Essays - 1500 words

Stakeholders - Essay Example This turbulence is caused by the existence and emergence of different groups of people in the business arena all of whom have interest in the business. The business is therefore endowed with the responsibility of serving the interest of the so called, â€Å"stakeholders† in equal measure. This will ensure that they are all satisfied to enable the business operate profitably (Savage 1991). In dealing with the stakeholders strategic management skills come in handy to ensure the corporate objectives are also met. This report has the obligation of finding the appropriate stakeholder approach and the decisions to be made with regards to the stakeholders for the realization of the organization’s goals. Contents Executive summary I. Introduction II. Preble six step process III. Selection and discussion of two important stakeholders IV. Freeman’s Model Approach V. Conclusion References I. Introduction To catch up with the unstable environment facing many U.S. industries and businesses, business executives are required to efficiently and effectively manage all their stakeholders. Stakeholders is a wide term which is used to refer to those individuals, groups, and other organizations who have an interest in the actions of an organization and who have the ability to influence such actions either to the benefit or detriment of the organization (Post, Preston & Sachs 2002). This integrative approach assumes that an effective organization strategy requires consensus from a plurality of key stakeholders about what it should be doing and how these things should be done for the success of the organization. The case also demonstrates that executives should use an overarching strategy to change relationships with stakeholders from less favorable categories such as non-supportive that may be dangerous to the business; to more favorable ones like the mixed blessing who the business really need (Ravindra, Moray & Tom 2003). II. Preble 6-step Stakeholder Manageme nt Process Model Step 1: Stakeholder Identification Stakeholders can broadly be categorized as either primary or secondary stakeholders. Primary stakeholders are those whose continuing participation is required if an organisation is to survive and prosper (Savage 1991). They include the Shareholders, Investors, employees, customers and suppliers. Secondary stakeholders on the other hand are those who influence or affect, or are affected by, the corporation, but are not engaged in direct transactions with it and are not essential for its survival. They include the media, students and academics, unions, socially responsible investor, special interest groups (experts from social and environmental areas relevant to Nestle) and Non-governmental organizations (NGOs), activist groups, environmental organisations, human rights group. We also have Public stakeholders who provide the firm with infrastructure and legal frameworks in which to operate: Governments, community and recipients of co rporate giving and so forth (Preble 2005). Step 2: general nature of stakeholder claims and power implications We start with ownership where; Shareholders have a financial equity stake in the firm, which gives them voting power, economic power in that they can sell their stake and political power which could be exercised at the company’s annual meeting as in the case of a dissident shareholder (Post, Preston &

Henry inquiry into taxation and the report recommendation Essay

Henry inquiry into taxation and the report recommendation - Essay Example w, the ‘root and branch’ review into taxation, conducted by the government by its Treasury secretary, Ken Henry whose recommendations to the government would be decisive. The essay will inquire into the causes of Henry review into taxation, the major recommendation of the Henry report and government response to the super profits tax (RSPT). The purpose of the government for reviewing taxation on the financial organisations was to help in making Australia a regional financial centre by taxing managed funds and related services to ensure that conduit income will be tax free in Australia (Thompson, 2010). The major recommendation of the Henry report is to reduce the aggregate number of taxes collected by the government. Out of the 125 taxes 90% collection is realised from only 10 taxes, which has prompted to simplify and introduce the most effective form of taxation reform by raising those 10 taxes to nearly 10% each and erase rest of the 115 taxes (Thompson, 2010). The government response to the recommendation has been straight forward by releasing on May 2, 2010 ‘Stronger, Fairer Simpler’ tax plan. Regarding financial institutions among a number of other recommendations, the government response has been to be selective by not implementing all the recommendations. The Prime-Minister has stated in the press release that ‘some potential misinterpretations of the recommendations...it will not implement at any stage’ (Thompson, 2010). The government response on the super profit tax (RSPT) has been to introduce 40% rate from 1 July 2012 with the RSPT to be derived from company taking the tax rate effectively to 56.8%. It is still not the final outcome as the government has granted one more year to reconsider and hold discussions before implementing the taxes so that there remains no doubt over some crucial details and content of the RSPT (Thompson, 2010). Papandrea has discussed just one aspect of the issue between financial advisors and their clients,

How the United States Must Handle China and Its Military in the 21st C

There is a delicate balancing act a country must be aware of when it is a military superpower. A superpower must exercise extreme care to protect their economic superiority, advance their foreign policies, and project their military might all while working to advance the global system. Enticing China to become a responsible pillar of the global system will be one of the greatest challenges of coming decades for the United States and the Western world-particularly since it appears for the moment China is uninterested in playing such a role. This is the unique situation the United States and China find themselves in, with so many mutual interests, and as the global economy begins to slow, challenges such as: China’s increase in military spending and foreign tension which is rising throughout the Pacific region, highlight the importance of the U.S./China political and military cooperation. However, China’s economic agreements with neighboring countries, the U.S. and Chi nese trade deficit, Chinese foreign policies and military growth, and current U.S. Presidential relations with Beijing all play a decisive role in shaping these two military superpowers. China’s continued refusal to contribute positively to international trade negotiations and constant challenge to their current World Trade Organization (WTO) status places these agencies in a serious state of jeopardy. China is also hurting the global trading system by supporting the creation of a loose but potent Asian trading block. China has difficulties in accepting the terms of membership into organizations which already exist such as the WTO and International Monetary Fund (IMF). They’ve continually challenged the WTO’s rules by exploiting loopholes and the lack of regula... ...007): 26-30. Scobell, Andrew and Wortzel Larry M., Shaping China’s Security Environment: The Role of the People’s Liberation Army. Carlisle: Strategic Studies Institute, U.S. Army War College, 2009. The White House. National Security Strategy of the United States 2010 (Washington, D.C.: U.S. Government Printing Office, 2010): 1-60. Tucker, Nancy. Strait talk: United States-Taiwan relations and the crisis with China. Massachusetts : Harvard University Press, 2009. Tzu Sun. The Art of War. Translated by Samuel B. Griffith. New York: Oxford University Press, 1971. Walt, Victor. "China bets on Iran." Fortune 160, no. 8 (2009): 90. Yanhua, Li. "President Hu Jintao and US President-elect Barack Obama Discuss over Telephone 2008-11-09." September 15, 2009. http://www.enghunan.gov.cn/wwwHome/200811/t20081109146216.htm Internet; accessed 9 Aug 2010.

Criticisms in “In the Penal Colony” Essay

The antediluvian apparatus and ancient legal system in Kafka’s â€Å"In the Penal Colony† describes the current state of humanity in the colonial era.   Through the use, along with the circumstances surrounding the machine, Kafka portrays slavery and colonialism in the world and the consequences of failing to abolish such ways. The people of the colony are represented by â€Å"the Soldier†, â€Å"the Officer†, â€Å"the Explorer†, â€Å"the Condemned man†, and â€Å"the Commandant†.   By giving them these names, Kafka has essentially dehumanized them much like those who have been condemned to working in penal colonies; they only have functions, not names.   The harsh bureaucratic ways of the colony can be seen through the punishments handed out as told by the Officer who is: much more interested in the technicalities of the execution than the niceties of legal procedure. The actual execution is to be carried out by a complex apparatus designed by the former Commandant of the penal colony and maintained by the Officer. The machine tortures the condemned man in a process that brutally mimics and transforms the sexual act. The condemned man is strapped naked onto something akin to a bed and the top part of the apparatus, a set of knife-like needles, automatically descends, piercing his body and excreting a fluid that inscribes the sentence upon his flesh. For the first six hours of the writing process, the condemned man â€Å"suffers only pain† (149) but as the needles pierce his internal organs more deeply, he achieves a form of enlightenment that culminates in death. (Kohn 5) The way in which the punishment is filtered through the legal system of the penal colony is also rather questionable.   The Officer says, â€Å"I have been appointed judge in this penal colony†(145) and uses his principle of: Guilt is never to be doubted.   Other courts cannot follow that principle, for they consist of several opinions and have higher courts to scrutinize them.   That is not the case here, or at least, it was not the case in the former Commandant’s time.†(145) to rule over his judgments.   For the condemned man, he has no chance to defend himself and prove his innocence by virtue of the system in place.   They are always going to be found guilty for the sake of being guilty so they can have an execution take place and bring some kind of grotesque excitement where, â€Å"hundreds of spectators—all of them standing on tiptoe†(153) could bear witness to them. Aside from the archaic methods of criminal procedures, Kafka also presents the reliance on antiquated technology through this work in the presentation of execution machine to portray the costs associated with running a penal colony for slave labor during his time.   We first get a glimpse of the harsh realities of the machine and the cost to upkeep it when the soldier breaks the wrist strap and the Officer says, â€Å"This is a very complex machine, it can’t be helped that things are breaking or giving way here and there; but one must not thereby allow oneself to be diverted in one’s general judgment†(151).   He continues saying: the resources for maintaining the machine are now very much reduced.   Under the former Commandant I had free access to a sum of money set aside entirely for this purpose.   There was a store, too, in which spare parts were kept for repairs of all kinds. (151)†¦Now he has taken charge of the machine money himself, and if I send for a new strap they ask for the broken old strap as evidence, and the new strap takes ten days to appear and then is of shoddy material and not much good. (151) There was an entire store dedicated solely to maintaining the machine it much like penal colonies were such a hindrance on the economies of the nations that controlled and maintained them. As the story progresses, we can see how the ways of the penal colony are being phased out when we hear the Officer tell the Explorer: there’s no time to lose, an attack of some kind is impending on my function as judge; conferences are already being held in the Commandant’s office from which I am excluded; even your coming here today seems to me a significant move; they are cowards and use you as a screen, you, a stranger.(153) The Officer views the Explorer with a great deal of clout believing he can restore the penal colony to the greatness that it once enjoyed.   However, the Explorer knows the harsh realities of the colony and refuses to play along with Officer to help him bring the colony back to its previous state.   Instead we see the Explorer as, â€Å"a kind of outsider,†(157) a change in attitudes throughout the world looking in on the colony.   The Officer finally realizes that the Explorer is not there to help him restore what once was, and he submits himself to his own machine.   As the machine is inscribing ‘be just’ into his body, it fails due to its complex nature and failing state, much like the failing state of the colony, and kills him.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Through close readings of â€Å"In the Penal Colony,† we gain an insight as to what Kafka was trying to accomplish with this work.   His nation, Germany, as well as many others in the world at the time had undertaken colonialism and establishing penal colonies to better their nations.   However, Kafka illustrates the failing nature of these establishments through their rudimentary justice systems and monetary reliance on the host nations economies.   Instead of bettering society through what was being provided by the slave labor, the social order of the world was being torn apart keeping them afloat. Works Cited Kohn, Margaret. â€Å"Kafka’s Critique of Colonialism.† Theory & Event. 8.3 (2005): 5. Print.