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expanded into motor vehicles industry during the 1930's. After WWII, the company suffered again but survived later when Herbert Quandt took over the control in 1959. The company rapidly grew considerably and reached a market value of nine billion U.S. dollars in 1979.'(BMW 2006, Corporate)However, it was still small compared to the big U.S. automotive manufacturer. Profits continued to grow up quickly. By 1995, BMW had (34) wholly owned subsidiaries,(14) in Germany and (20) around the world, BMW is not only a car maker; they are one of the world leaders in motorcycle production, aircraft engines, in addition to marine engines. BMW has a long history of providing the best engineering possible
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in between. Automobiles are also great because they can get you places fast, especially in an emergency. Automobiles do not just provide quick and easy transportation; they can save lives as well.
The impact the automobile industry has on the economy makes it great in itself. Four million people have jobs directly from the automotive industry, and millions more who are indirectly employed by the Industry. In the article, “The Automotive Industry: Economic Impact and Locational Issues,” states that these jobs are well-paying jobs with good benefits. The automotive industry also has linkages to many other important industries, which makes the automotive industry have a huge role in the economy
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IB2090 Marketing Seminar Week 4 Case Study
Volvo – Putting the Vroom back into Sales
Volvo became one of the most successful automotive brands for its parent Ford Motor Corporation. When Ford bought Volvo, they bought not only a successful brand and a unique culture, which has never been forced into being just a Ford subsidiary. Volvo maintained independence but benefited from platform sharing, shared research and development, and combined buying power. However, sales for Volvo in 2008 were dramatically down by 18.3% in 2008, and sales were continuing to underperform in 2009. Volvo is a relatively small car manufacturer with less than 1% market share of 62 million cars sold worldwide
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control, synchronized engineering, and lean-production methods are few of the attack that has been employed by domestic manufacturers and suppliers top reserve competitiveness. Many of these schemes have reduced inputs at the production stage and bring about better production as well. Life-cycle management (Kainz et al., 1996) and design for environment practices (Ford Motor Company, 1998) are beginning to be used in the industry to meet regulatory and internal environmental goals.
The automotive industry's product (the vehicle) is also significantly regulated. Succeeding the Organization of Petroleum Exporting Countries oil ban that realize tripling of oil costs in the mid 1970s, the
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fine. The seatbelt along with the airbag saved her from any serious harm. She is still dazed as she looks over to her two year old, expecting more screaming. Nothing. Nothing happens. She shakes her little girl and realizes that something is drastically wrong. Mica is dead.At last count, this scenario has happened 31 times. How many more times does it have to happen before the automotive industry does something about it? Children are not the only victims, though. Small women and the elderly have also been killed as a result of airbags. The time has come to ask ourselves, 'Do airbags really work?'First off, most people feel that airbags are a great safety device. They let people walk away from
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many different ways. Cobalt- 60 is used commonly for sterilization of spices and foods before they are distributed. It is also used for the sterilization of single use medical supplies such as syringes, implants, gloves and gauzes, sterilization of biological based products and sterilization in the automotive industry. Since Cobalt-60 is naturally unstable, it emits two gamma rays which provide the energy to sterilize objects. The gamma radiation which is emitted from Cobalt-60 effectively kills bacteria and other pathogens without affecting the original product.
Cobalt-60 is also used in simple industrial practices like levelling devices and testing the thickness of gauges. It is also used
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pre-recession high, and the number of licensed drivers has grown with the population. These factors should allow for growth in domestic light vehicle sales.Source: Business Insider
Comparable Companies & Operational Strength
While the above two points make the case for the resurgence of the automotive industry, it must also be determined what makes GM stand above the pack. From a comps perspective, GM looks favorable in comparison to the other five largest auto manufacturers. They have a strong EV/EBITDA multiple that sits nearly 13% below the average. To the value-oriented investor, GM presents an attractive bargain with its Price/Tangible BV ratio of 1.9. This comes in more than 15% lower
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material that is completely environmentally friendly. This essay will focus on the material used in the automotive industry.
The creation of completely environmental friendly material is a task that is very difficult to accomplish especially when we take into consideration the issues with the creation, the assembly and finally the use of these materials. This essay will firstly discuss the improvements targeting the creation of environmental friendly cars that have been done in the automotive industry. Secondly, we will demonstrate that even though the improvements were actually relevant, they don’t guaranty the creation of such a material.
Improvements brought on electrics cars and ultra low
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atmosphere when incinerated and can concentrate in the ash produced by the combustion process.There are two types of batteries; the dry-cell, and wet-cell. The type that I will be concentrating on are the dry-cell batteries and more pacifically the alkaline and zinc-carbon (9-volt, D, C, AA, AAA), mercuric-oxide (button, and some cylindrical and rectangular) varieties due to the fact that they are the most commonly used and also due to the context that most students don't drive and have no need for car or other automotive batteries.CollectionAny one who wants to help the environment can help me help it by sending all their used dry-cell batteries to one of the many bins for each type of battery in
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Toyota Corporation is planning on establishing a new business unit in the automobile industry. Toyota is looking into the hybrid vehicles versus the standard gas vehicles. Toyota understands the need for vehicles; however we are at the mercy of other countries to supply the United States with the amount of gasoline Americans consume. Therefore instead of looking at other ways of obtaining gasoline Toyota has redefined their vehicles to be dependent upon electricity.
The hybrid vehicle concept has been around since November 23, 1905 (Hybrid.com), which indicated an electric motor would augment a gasoline engine. However, the vehicle acceleration was from zero to the 25 miles per hour in
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contract. I am also interested on “Sales and Consumer Protection” because commercial transactions happen in our daily life and as customers, we can protect our rights after learning this topic. Therefore, in this learning summary, I want to introduce “Sales and Consumer Protection” (chapter 16), “Negligence” (chapter 5), and “Contract Law” (chapter6, 7, 8, and 9).
Sales and Consumer Protection (Chapter 16)
After learning “Sales and Consumer Protection,” I can know what kinds of consumer protection legislation protect myself and figure out more about the relationship between buyers and sellers.
Newspaper Examples 1
· Dealer Management System, Inc. V. Design Automotive Group, Inc.
In 2000, Design
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products and services to satisfy the customers, each company has to come up with their own production system due to its important in making the business move forward.However, Japanese Production System is considered as the most successful system among global markets. In this term, Japanese Production System means the system of manufacturing process resulting in products which come from the use of resources or existing of production factor, and this production system have been invented by Japanese people. According to this, Japanese is well-known in an automotive industry. Therefore, I would like to analyze and compare the production system of two big Japanese automotive industries; Toyota and
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best practices, and other needs relevant to potential customers who serve in a management role within small or large organizations that may be bogged down by processes, bureaucracy, or technical experts with little leadership experience.
Future of the Company
Consulting is a fast-paced, evolving industry. In response to this climate, We Can Do It Consulting will offer other services, including facilitation and requirements analysis in the future.
To provide quality services to our clients that will help their companies prosper and grow.
Rebecca Champ — owner, primary consultant
Guy Champ — business manager/sales
Sophie Roberts — account
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services.1993 was a watershed year in GM's drive to return to profitability and reassert industry leadership. Reflecting a major improvement in North American Operation as well as strong earnings from International Automotive Operations, the corporation earned a total of $2.5 billion representing an $11.1 billion turnaround in North American Operations from 1991, a dramatic and gratifying turnaround after three straight years of staggering losses. Intensified efforts in the areas of customer focus, product quality, global sourcing and advance purchasing, lean manufacturing, communization of processes, systems, and parts, and integration of global resources yielding results in 1993. Clearly
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-business consulting and services especially for the manufacturing industry. Another news comes from Ford named ¡®Daman and Trilogy Help Drive Ford's Online Success¡¯ (Source2) which stated that ¡°working to enhance and extend the process of online car purchasing, Trilogy Software and Ford Motor Company recently teamed up in a unique Internet joint venture. This new business entity then tapped Daman Consulting to provide the customized technology solution that would move Ford's e-commerce success into the fast lane.¡±Before we research their business models, I would like to give some background of these two corporations.The history of BMW could
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; automotive services, such as car rentals and repairs; miscellaneous repairs; the lodging industry; personal services, such as laundry, cleaning, and garment services; and motion pictures.
There are five areas of the services division that are deemed at least minimally counter-cyclical-that is, they gain jobs more quickly during a recession than in normal times. Health care services are the most counter-cyclical, gaining jobs rapidly during an economic downturn. This is likely due to the nature of this industry; health care is unaffected by recession because consumers see it as a necessity rather than something that can be used less often depending on the economy. Moreover, because much of
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absolutely sure that the product fits their needs and that it will be available when needed at the right cost. Therefore, many companies enter into long-term contracts, build relationships that enable buyers and sellers to plan jointly, and work to secure for both companies.For example, BASF is a world leader in carpet manufacturing. General Motors is constantly looking for ways to make cars and truck less expensive to manufacture, as well as increasing the value delivered to consumers. BASF and GM work together with Gaskell plc (British carpet manufacturer) to improve the quality as well as the looks and life of automotive carpets. Note that the relationship extends from BASF to Gaskell to GM
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OSCM 4080 – Case Study
28 February 2019
This case details how two leading companies in the automotive manufacturing industry, Toyota and Honda, develop close-knit and sustainable relationships with their supply base. These two companies have outperformed and outscored their competitors for years due in large part to the strategy they have implemented to build relationships with their most important suppliers. The supplier-partnering hierarchy outlines the major components of this strategy and will be summarized in this paper.
The first step in developing positive relationships is to take the time to gain a detailed understanding of how suppliers operate. By making this
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Corporation, 2001. Your Industry, Automotive. Retrieved from the World Wide Web on July 8, 2005 at: http://exxonmobil.com/Siteflow/Industry/IndustryPage_Automotive.aspGeoffrey, Inc. 2002-2005. Company History. ABOUT"TOYS"RUS, INC. Retrieved from the World Wide Web on July 8, 2005 at: http://www2.toysrus.com/about/Seitel, Fraser P. 2004. Part one Evolution, chapter 1. What is Public Relations?Wal-Mart. 2005. Wal*Mart Always Low Prices. Retrieved from the World Wide Web on July 8, 2005 at: http://www.walmartstores.com/wmstore/wm
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order cycle: from marketing and sales through production and planning, sourcing and procurement, installation and service, and finally financial recognition.INFOR ERP Solutions - Financial Management (FM) accounting software for manufacturing industry. The price range for INFOR is $2000 - $100,000, using operating systems for Windows2000, UNIX, Windows XP, Linux, Windows2003, IBM operating systems (Comparing top 16, 2007). INFOR according to 2020software, 2007 has solutions from industrial equipment and machinery to automotive and electronics from biomedical to fabricated metals, food and beverage to consumer packaged goods, precision tools and beyond, from selling and sourcing to production
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Business Solutions to Inventory FunctionsDuring a brief span of 14 years Riordan Manufacturing has grown from a small plastics research and development firm to a multinational plastics manufacturing power. Riordan has expanded their operation to multiple manufacturing and distribution points across North America and China as a result of this growth. Riordan now services over 32 customers of varying in size, including automotive parts manufacturers, aircraft manufacturers, the Department of Defense, appliance manufacturers and bottle bottlers. Enabled through a series of acquisitions, an excellent product line, and aggressive sales, this growth has enabled Riordan to increase market share
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' waterways (Reed, Shedd, Morehead & Corley, 2005).To protect the populace, government has put in place laws and regulations that these corporations have to abide by.Environmental regulations are perhaps the most stringent of governments' regulation of business. The government enforces large technology investment demand on industry for regulatory compliance. However, the penalty for not complying with the regulations or a single act of recklessness can be far greater (University of Phoenix, Week Three, rEsource. Enterprise Risk Web site)Facts:Alumina Incorporated is a four billion dollar aluminum manufacturer, operating globally in eight countries around the world. With 70% of its sales
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administration of the country, causing a lot of instability. From 1955
when president Juan Domingo Peron stepped down from the government until he came back on
October 1973, there were ten different presidents, out of which five were Military governments.
Since the 1950s the country had adopted an economical model of self-sufficiency. President
Peron “promoted” the national industry to produce most of the goods it needed by “protecting” it with
severe restrictions to import, but the production processes they used stayed in the past to become
obsolete compared to the ones of other nations. This outdated production was of far inferior quality
than the production abroad, and the country suffered
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society. Whereas reform is essential, it should not contribute to losses to an organisation. Difference in beliefs, values, demographics, and culture all mould the atmosphere in which individuals work; while someone finds a task interesting, another may find it unsatisfying (Krahn et al., 2011). An example of this culture difference is the Canadian and Japanese automotive industry. The Total Quality Management (TQM) model has been used in Japan and was tested in the Canadian branches of Toyota and Honda. This model revolves around the idea of the managers and workers working together to improve both the quality of the product, customer satisfaction, necessary job redesign, and places
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systems of essential funds whilst continuing to dole out massive subsidies to large corporations so they may compete in the open market and submit to this global culture. The automotive industry and the textiles, clothing and footwear industry both stand out from others for their high level of assistance. Further allies of the anti-globalisation debate insist that the influence of multinational corporations has produced a model for people based on a form of cultural homogeneity. They imply it relies on economic inequality, social authoritarianism, the control discipline inherent in contractual employment or mass unemployment and worse, it promotes an ecological instability based on the
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Strategic Management 2014-2019
TMA03 Walmart around the world
To what extent can Walmart’ s competitive advantages be transferred into international spheres?
Based in Bentonville, Arkansas, Walmart Stores, Inc. was founded in 1945 by Sam Walton and is now one of the largest retailers worldwide. It operates stores in a variety of formats, such as supermarkets, discount stores, warehouse clubs, and online properties. Its product offerings are wide-ranging: automotive accessories, food and beverages, cosmetics, clothing, and housewares. Walmart’s strategy is to be the low-cost leader among mass merchandisers. It operates on a scale unmatched by any of its competitors
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industry. In Autumn of 2007, venture capitalists
APOLLO(New York) bought Australia owned Thomas Nationwide Transport, TNT and a
few months later, acquired a US based Eagle Gate Logistics (a freight management firm), the
both companies were renamed CEVA Logistics.
Ceva has combined storage of more than 8million Sqm.
7th largest air Freight Company in the world.
Ranked in the top 10 largest ocean freight forwarders.
Handling customs clearance in 600+ ports.
Today Ceva is a full service transport and logistics company (cevalogistics.com,2016). Its
head office is in Hoofdoorp, Netherlands.
Ceva Logistics services are divided into
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continue to provide learning to eliminate any threats. We believe this learning will help the organization in our operational process. (Wellsfargo.com).Some of the trends that affect our operational standpoint are that the mortgage industry is evolving into a better run industry. From the stand point of organization and control, many companies are going to a system that is more efficient and reliable to handle loans. Proctor Financial, for instance has started a new imaging process that reduces paper work involved in processing loans. Many mortgage companies are cutting back on their work. They expect that mortgage rates will keep rising and also expect a fewer number of home loans in 2006
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capita remained low; 10 per cent of all citizens lives below the poverty line.Year Economic Growth Rate1995 10.2%1996 9.7%1997 8.8%1998 7.8%1999 7.1%2000 8.0%Source: chinatoday.comEconomic development is proceeding much more rapidly in coastal and urban areas than in the rural hinterland, widening regional economic disparities. State-owned enterprises dominate China's economy. Reform of inefficient companies is a high priority, but could boost unemployment. Industry accounts for nearly half of national output, and service sectors (including commerce, construction, and transport) about one-third.China has attracted $177 billion in foreign investment since the late 1970s, and hopes to attract
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In order to answer this question we must firstly look at what is done at the birth of the child. If they are baptised as a baby, they clearly include no opinion in the situation. If this child doesn't believe in this faith there will be obvious rise against this as they get older and realise what it means.Furthermore, a particularly social child who is busy quite a lot of the time may find it hard to go to Church when they are supposed to and make time for other things like prayer etc. These things all take time where a child could be doing other activities that they would prefer to be doing than attending church. As well as this, to a child who isn't a Christian because of their own
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V-post has the ability to substantially improve its profit margin, but it may difficult to realize that with the insight from Singpost, it can and will happen overnight. V-post is currently selling maximum range of approximately million bucks value of goods each day. As V-post faces many intense pressures to be more and more competitive and to increase profitability, a new perspective must be directed to the reduction and control of expenses. Expenses are considered to be "costs of doing business." Hence, most organizations lack the "know how, "expertise, or time to undertake an extensive profit improvement review. A few may have access to financial resources, some of which include books
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was never independently proved. The experts in industrial safety believe that the accident might have been avoided if proper safety equipments and trained workers had been used in the chemical industry. The Bhopal plant experienced six accidents prior to this accident from 1981 to 1984, but the accidents were small to have been noticed by the people in general. In 1981 one worker was also killed but no further action was taken to avoid the disaster which was brewing in the future.After waiting for months for the justice to be done the people of Bhopal started pressurizing the Indian government. In response to that the Indian government filed a compensation lawsuit against Union Carbide
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Before entering the "real" world and making decisions about careers and life, there is one major decision one is faced with. The question of which institution will best fit their needs to prepare them for life. There are several choices to choose from. From Ivy League Schools to State Schools as well as Historically Black Colleges and Universities the list goes on and on. These schools are viewed in society on a scale. Ivy League Schools are viewed at the top of the list where as Historically Black Colleges and Universities is only a place to go when you have no where else to go. However to receive admission into any type of these universities one must take the Scholastic Achievement Test or
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Throughout American history, the development of plantations (farms) in the American colonies arrived as immigrants arrived in small farms. The American people settled on the land west of the Mississippi for many diverse reasons. As the years went, by the profit and demand for crops such as tobacco grew larger. At that time, large plantation could had over 400 acres of fields growing anything from tobacco to maize and sugarcane(in the south), as the myths reveal. The farmers were also in the business of buying slaves as they were auctioned off at the ports or owned as indentured servants.Initially, many Americans were reluctant to move westward. Early explorers thought that the country beyond
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The author uses from the first person point of view. This is viewed in the first person because the author uses pronouns such as "we" and "my" in the story. To have pronouns such as "we" and "my" is the definition of first person narrators. An example of this can be seen through the following phrase:"My mother is not an inventive or convincing liar, and the excuses which occur to her are obviously second rate."We know that the narrator is homodiegtic because the narrator is one who is internal to the narrative, which is on the same plane of exegesis as the story. In the first person narrative, it brings us psychologically much closer to the central character. However, it does lose much of
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Characteristics and symptomsThe characteristics and symptoms of albinism are:- very light skin color- blondish-white colored hair- visual impairments that require glasses- tendency to sunburn easily,- hearing impairments- blood-clotting problems- red/pink eyes- Low Vision- Sensitivity to bright light and glare- involuntary eye movements- "Slowness to see" in infancy- Inability of the eyes to work togetherThese are all symptoms of albinos but an albino can have perfect health and only suffer from very light skin.CausesAlbinism is caused when a person inherits two recessive genes that cause them to not produce the normal amount of melanin. This makes their skin and hair lighter and can cause
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From the beginning of recorded history, possibly before then, humans have found a necessity for classifying and categorizing every aspect of life. This need for order has been used to efficiently organize and clarify the endless details on Earth. This arrangement of objects in groups has also created a very sinister and volatile mindset that some people live by. This associative manner of classification has lead to the formation of beliefs in race identities, stereotypes, and superiority in the form of racism. Racism is contempt for people who have physical characteristics different from your own (Nanda and Warms 1). This concept is often combined with what is called racialism. Racialism is
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Domestic Family Violence by definition consists of physical, emotional and psychological violence. Family Violence is prevalent among all domestic groups. This form of violence crosses ethnic, racial, age, national origin, sexual orientation, religious and socioeconomic lines. Those families at highest risk are those currently experiencing some complicating form of stress. This would include poverty, unemployment, low educational levels and certain ethnic groups. Job disparities including income disparities between spouses, over crowding and poor social structure also increase and contribute to family violence. By the most conservative estimate, each year 1 million women suffer nonfatal
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The story of spirited away begins with Chihiro, the protagonist of the story moving to a new house in a country town. Initially Chihiro is stubborn and reluctant about leaving her friends and old life behind. Later on the family runs into what seems like an abandoned theme park, but is actually an entrance to a spirit world and more specifically a bathhouse for gods.When Chihiro is helpless of the circumstances of loosing her parents and the recent transparency in her skin a boy with the name of Haku comes to comfort and rescue her. Haku informs Chihiro that the only way she can remain in the bathhouse and save her parents is to get a job and make herself useful. Chihiro following Haku's
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PROBLEMAfter reviewing the facts of the article, it appears to me that the problem at Polaris is one of poor organization and structuring of the companies resources.ALTERNATIVESThe first alternative in solving the organizational problem at Polaris is to expand the marketing research and development teams to cities outside of the Midwest, such as Burlington, VT, Portland, ME, and Manchester, NH in the Northeast and Denver, CO, Helena, MT in the Midwest, and Tempe, Arizona in the southwest and other US and foreign cities where Polaris' products may have a market.AdvantagesThis alternative organizes Polaris better in terms of marketing and researching products for the future. It will better
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The first Total War also known as the 'bloodiest' war of the century, WWI proved to have a great impact upon all of Europe. Politically, there is a clear scene of what impact the War had on the main powers in Europe: for some countries, such as France and Britain, the change in regime was merely slight, in Germany rather significant, whereas in Russia it proved drastic and sparked off two revolutions. Hence, there were several common aspects of political impacts, both direct and indirect.One of the instances of indirect political impact of WWI was the steadfastly developed idea of 'unity' behind ones government, borne by feelings of patriotism. This mainly existed at the very beginning of
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Naturally, there are three main points offered, when analyzing the role of Bethmann-Holloweg in the July Crisis. One of them, the sympathetic viewpoint, describes the German Imperial Chancellor as a victim of circumstance, rather weak, but totally guilt-free. The more critical viewpoint assigns him the characteristics of an aggressive expansionist and finally the neutral point balances out the two. It claims that Holloweg lost control, and desired no more than a limited war. Nonetheless, it is never certain how far the Chancellor was a crucial figure.To begin with, the sympathetic, and possibly very naive view is that the Chancellor did his best to avoid war and was a peace-loving statesman
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After Research, I do feel that minorities are overrepresented within the criminal justice system. For example, "a suit filed Jan. 6 in Union County, N.J., alleges that a state law denying voting rights to parolees and probationers discriminates against blacks and Hispanics due to their overrepresentation in the criminal justice system"(Penal Disenfranchisement Law Called Biased). A good deal of research has noted major disparities in the extent of involvement of minorities, particularly blacks compared to whites, in the criminal justice system. The existence of disproportionate racial representation in the criminal justice system raises questions about the fundamental fairness and equality
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The article I have selected to write about caught my attention because of the word " Phishing". Being an avid fisherman I knew this term had to be related fishing or luring. As I found out in the article the Tech term Phishing refers to scams which try to trick consumers into disclosing highly confidential -- and valuable -- information such as credit card and bank account numbers, Social Security numbers, and other identity-related data.Typically originating in mass-mailed e-mails that purport to be from a legitimate source, they entice users to spoofed sites with bogus claims that account numbers must be re-entered.The statistics are amazing in the amount of attacks. According to Vincent
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Software maintenance and change control plans are critical to the overall success of a software project. A properly executed plan will not only provide more reliable coding changes, and change implementations; it will also have beneficial financial impacts on the company. Large portions of software expenditures are related to program maintenance. Poorly tested or documented changes and coding changes implemented on an emergency basis as twice as costly as those that are well planned and tested. A plan that controls changes, tests, and implements the changes in a thorough manner will make more efficient use of all the companies' resources. To be effective a plan must be in place through the
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IntroductionWhy all the noise from senior management about improved communication? Organizations need communication, in all sorts of relationships. When organizations focus on the professional relationships, the managers wants to communicate to be able to increase his or her employees' knowledge. In this paper, I will describes and elaborate on two types of communication: lateral and vertical. Furthermore, I will also compare the two types of communication and how they relate to my organization.Vertical CommunicationVertical communication can be described as the transfer of information, in the order from highest to the lowest, in an organizational structure, (Spillan, Mino, & Rowles
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There is a constant dispute amongst the medical and psychological community as to whether alcoholism is, in fact, a disease or just a state of mind. Many of the researcher have classified alcoholism as a disease (Alcoholism as a Disease 1). Dictionary.com has defined "disease" broadly as an "involuntary choice made by the individual" (Dictionary 1). This definition does not comply with alcoholics at all, because they can easily like any other human being determine that drinking has many unwanted consequences behind it. But an alcoholic just simply doesn't care. They cause many of their own troubles by their behavior and the decisions they make, so why should they be looked upon as powerless
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Shakespearean tragedies rarely contain blameless characters. The characters whose lives get turned upside down usually either deserve it, or they directly contributed to their downfall by holding onto some flaw or vice. This is always true for his tragic heroes, but what about his minor characters? They usually suffer just as much as the main characters. They usually exhibit character flaws. The difference is that they are rarely responsible for their own downfall; their circumstances come about from things outside of their control. Othello's Michael Cassio is an example of such a character. He is shown as a good man with minor flaws whose suffering is orchestrated by people and events that
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Andre's Hair Stylling employs 5 barbers at $9.90 per hour, 40 hours per week, and 50 weeks per year. The salary rate applies regardless of the number of haircuts performed by the barber. Fixed expenses total $1,750 per month and the cost for shampoo per client is $0.40. The total cost for each hair cut is $12.00. Using this data, I found the following information.1. Contribution margin is sales revenue less variable costs. It is the amount available to pay for fixed costs and provide any profit after variable costs have been paid. (Wikipedia, 2006) Find the contribution margin per haircut:Unit sales price - unit variable cost = contribution margin12.00 Per cut - 0.40/shampoo = contribution