Flannery OConnor

Exporting Strategies of SME and MNE

Exporting Strategies of SME and MNE Introduction Exporting is a market entry strategy in which a company sells its products to the target country after manufacturing them in another location. SMEs and MNEs must weigh the advantages and disadvantage of this strategy prior to adopting it.Advertising We will write a custom essay sample on Exporting Strategies of SME and MNE specifically for you for only $16.05 $11/page Learn More Analysis Small and medium enterprises can enjoy a number of advantages if they choose exporting as an entry mode. First, the strategy has minimal risk; most SMEs do not have the luxury of taking a lot of risk because they will feel the effect of market shocks almost immediately. Furthermore, the strategy does not require a lot of resource input. This is highly favourable to SMEs because many of them have limited capital to begin with. Therefore, they can only invest in strategies that do not require too much financial commitment. Exporting also minimises the distribution chain within a certain organisation and thus increases the amount of returns gained by the SME. If such companies select market strategies that involve collaboration with various parties, then they may have to share profits with many players, yet amounts may not even be high. Since small businesses are good at giving personal services, the exporting strategy would be ideal for such organisations because it will provide the SME with direct market contact. Companies can get to know their clientele and give them support wherever they are. Additionally, since small and medium enterprises are still at the initial stages of growth, it makes sense to pursue a low commitment entry mode. The firm can gradually increase its commitment to the chosen market after it becomes larger (Lis et. al. 2012). On the flipside, SMEs must contend with the loss of control over marketing mix elements such as price since tariffs may come in the way. Additionally, the strategy will still require investment in sales. Cultural differences between the exporter and the target market could minimise the SMEs chances of success. It is also possible to find trade restrictions in the target country. Small businesses may have difficulties in accessing information about the trade regulations or financing opportunities available in that country. Even finding potential customers may be difficult for SMEs who have little experience in the field.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Exporting for SMEs Advantages Disadvantages minimal risk loss of control over marketing mix negligible resource input investment in sales minimises the distribution chain cultural differences direct market contact accessing information low commitment finding potential customers Multinational enterprises can protect themselves from excess risk if they choose exporting as a market entry strategy. However, most MNEs are already at a mature phase of growth, so they can handle risk. Exporting also provides MNEs with the opportunity of studying a certain market before setting up production facilities. Additionally, this strategy allows the organisation to learn its customers and thus meet their needs effectively. Furthermore, organization may also get an opportunity to protect their copyrights and patents through exporting (Rialp et. al. 2005). Several MNEs take pride in establishment of a strong brand image in target nations. If they choose exporting, then chances are that they will surrender control to overseas stakeholders. Since a lot of resources are already involved in MNEs, then this could prove to be quite troubling for the organisation. Multinationals have the advantage of high levels of experience as well as huge capital investment. Therefore, their market entry mode strategies should be guided by transaction costs or bargaining power. In the transaction cost theory, a firm ought to consider the amount it stands to loose if it makes a strong commitment in a host county, through licensing or full ownership (Taylor et. al. 2000). Therefore, multinationals would find more cost savings if they transferred production to host nations. Since exporting does not entail more cost savings, then it would not be advantageous for multinationals to select it. Additionally, it is quite difficult for MNEs to respond to customer demands as effectively as smaller organisation. Products that require onsite support cannot be sold effectively (Whelan et. al. 2011). Exporting for MNEs Advantages Disadvantages Protection from excess risk surrender control to overseas stakeholders studying a certain market more cost savings elsewhere protect their copyrights and patents slow response to customer demands no consideration of licensing or ownership Having considered the advantages and disadvantages of exporting as a market entry strategy, it is clear that co mpanies must strike a balance between risk aversion and customer contact. SMEs have minimal resources so they are bound to be more risk averse than MNEs; exporting is thus ideal for them. Besides, SMEs are still at the early stages of business growth, so they need to learn new markets before they can increase their commitment. On the other hand, MNEs have already reached a maturity phase, their concern should be cost savings in production rather than risk aversion, so exporting would not make much sense.Advertising We will write a custom essay sample on Exporting Strategies of SME and MNE specifically for you for only $16.05 $11/page Learn More Small and medium sized enterprises are in a position to offer highly personalised service; conversely, MNEs may not prioritise this issue as much as smaller firm, so exporting would be more suitable for SMEs. Nonetheless, both organisations may need to exert control over their businesses if they sell technical items or if they value their brand image. Furthermore, an MNE may have experienced a series of internationalisation failures in various markets; therefore, it may be more risk averse than usual (Ahsan Musteen, 2011). The dependence of most exporting businesses on people power may cause SMEs and MNEs to consider the strategy. Customer support is still a valued trait regardless of whether an enterprise is small or large. Conclusion The low level of commitment associated with exporting strategies is highly appropriate for SMEs as they have few resources and are still growing. SMEs do not have the luxury of risk-taking, and they value the personalisation of services; these are all qualities that are synonymous with exporting. Conversely, MNEs can afford risk and if they choose exporting, they would loose the benefit of transferring production to an economical location. Furthermore, some of the benefits of exporting, like personalisation of services, are not valuable to MNEs. These factors ma ke exporting more appropriate for SMEs than MNEs References Ahsan, M Musteen, M 2011, ‘Multinational enterprises’ entry mode strategies and uncertainty: A review and extension’, International Journal of Management Reviews, vol. 13 no. 4, pp. 376-392. Lis, B, Nienstedt, H, Proner, P, Yalazo, G Mauch, A 2012, ‘SMEs going global: A comparison of internationalisation strategies of publishers and online social networks’, International Review of Management and Marketing, vol. 2 no. 1, pp. 1-9. Rialp, A, Rialp, J Knight, M 2005, ‘The phenomenon of international new ventures, global start ups and born-globals: what do we know after a decade (1993-2002) of exhaustive scientific inquiry?’, International Business Review, vol. 14, pp. 147-166.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Taylor, C, Osland, G Zou, S 2000, ‘Foreign market entry strategies of Japanese MNCs’, International Marketing Review, vol. 17 no. 2, pp. 146-156. Whelan, J, Marshall, R Ryan, G 2011, ‘Multinational companies account for bulk of irish exports’, IDA Ireland, 27 July, p. 15.

Pottie Training Essay Example | Topics and Well Written Essays - 1250 words

Pottie Training - Essay Example By using diapers, we condition and thereby train baby to go in them. Later the child must unlearn this training" (Brazelton et al, 2001, p.1353). This negligence of previous knowledge can be traumatic for a child. The scholar also holds that infants from their early childhood make attempts to communicate and articulate toileting needs to their parents as well as to discuss their awareness of elimination process, but facing the parent's low understanding, looses contact with elimination functions and uses diapers, imposed by adults, as a toilet (Brazelton et al, 2001). The child is thus forced to avoid caring about this function and finally forgets the need for more appropriate toilet. Furthermore, self-training in this case is highly unreliable, so it important for a parent to provide assistance in disposal system 'adjustment'. Graham Hocking (2005) assumes that potty training is most relevant between the 18th and 24th months of the infant's life, as at this time he/she is already able to give signals when diaper becomes wet or soiled, i.e. the child obtains complete awareness of disposal system and elimination issues and needs to optimize these processes so that he/she has more freedom in movements and activities. Developmental readiness for potty training is also determined by other psycholophysiological factors, such as distinguishing the processes of urinating and voiding and reflecting upon them - for instance, asking questions if the infant can talk by that time. The child should also walk and sit well as well as be capable of primary activity coordination (walk in the desirable directions, make simplest voluntarily manipulations, e.g. put on or take off pants). The child's interest is probably the main determinant of successful potty training - and the majority of 1,5-2-year-old babies really wish t o try on 'big kid's underwear'. I would also like to note that some scholars offer potty training at the age of 6 months, when learning window opens (Brazelton et al, 2001; Blum et al, 2003), since this period is characterized by the rapid development of reflexes and reactions to the parent's voice and gestures. On the other hand, Ganger argues that at this period the baby is extremely weak in physical sense, so additional training will require changes in the basis of the baby's life. In order to begin toilet teaching, the adults should discuss disposal issues with the child. M.Macias (2006) present specific guidelines for this conversation: "Tell him that everyone goes potty (even animals) and it's a normal part of life. Talk with him about the toilet, a special place where he can potty. Tell him how the potty works and let him try flushing himself. Explain that he's going to be wearing underwear instead of diapers, just like you" (Macias, 2006, p.417). In case of availability, it is also helpful to give visual examples for toileting and involve other siblings who can explain the same question in different words. Furthermore, the purchase of underwear and a potty chair is necessary, and the child should be given an opportunity to participate in selecting the 'equipment', as the decision-making process in future will provide more cognitive commitment to elimination

REFLECTIVE STATEMENT ON PAST CLASSWORK Assignment

REFLECTIVE STATEMENT ON PAST CLASSWORK - Assignment Example The site was also well maintained and retained its functionality at all times. This facilitated study and contributed to the preparation for the final papers. At a personal level, the course was an eye opener to opportunities that exist for personal career growth and development. From the presentation of the course outline, it was clear that the training offered would be rigorous as well as holistic in its approach to the subject. The learning program was full of fun due to the practical activities that enabled me to learn by doing thus breaking the monotony of theory. Being able to interact freely with classmates and have meaningful discussions always made me feel valued due to the positive responses I got from colleagues. The tutors were always helpful and gave their support over and above what they were obliged to do. As a result, the course has contributed to my pursuance of the goal of attaining professional skills to ensure that I enter the job market when planned. Secondly, my goal to help disseminate knowledge has also been enhanced as I have acquired education that will propel me to teaching positions in future. Currently, I am a ble to share knowledge acquired through discussions with colleagues. I will build upon the training obtained to open opportunities for further studies and become a course tutor. The course has also enabled me to practice my values in pursuance of success. Since I am a hardworking and dedicated person, I have been able to concentrate on the rigorous work so as to finish assignments in time and to read all material in the time allocated as required. I have also utilized my strengths to advance performance both in class and outside of class. In the class environment, my ability to understand learnt material and put it to practical use has tremendously improved. Each time I learn a new concept, I almost certainly evaluate how to put it into practice. Finally, the rubric was written clearly and precisely. This enabled me

Exponential Decay of a Transition Metal Complex Ion Lab Report

Exponential Decay of a Transition Metal Complex Ion - Lab Report Example It has shown that the rate of alpha, beta, and electron capture decays all depend on temperature and whether they are placed in an insulating or a conducting material. Thats exciting because it raises the possibility of treating radioactive waste products. But it also raises a problem for particle physicists whose entire standard model assumes that decay rates cannot be influenced by external factors. The two are unrelated, so no there is no relationship between the two properties. I dont think temperature has anything to do with the nucleonic states, only the kinetic energy of the electrons in a solid. So temperature should have no effect on half life. In fact, temperature and chemical changes have no effect on the decay of nuclides. The only way to change the half life is to move it at relativistic speeds and then it becomes a matter of which reference frame you measure it in. In fact for the frame at rest with the nuclide there is no change in half life at relativistic

Impact of Project Management on Mergers and Acquisition

Impact of Project Management on Mergers and Acquisition In todays complex and competitive global business environment, organizations must adapt to changing environmental conditions by continuously initiating changes in order to remain competitive and profitable. These changes occurs when organizations undertake such changes as implementation new technologies, mergers or acquisition, downsizing, restructuring operations, and outsourcing. During these changes if companies implement programmes like six-sigma or business process improvement then according to Hayes(2002), these changes are usually prompted by a need to maintain or improve an organization effectiveness where effectiveness relates to the organizations ability to use recourse efficiently to achieve immediate goals as well as embracing the need to changing conditions to be to remain efficient over the long term (Carnell, 1999). According to France, Harrington and Marguire (1987), improving an organization effectiveness has important consequences for its overall corporate performan ce. Despite the available of a number of models to aid the successful diagnosis and implementation of change effort, Beer and Nohria (2000,p.88) claims that 70% of all changes initiates fail because managers immerse themselves in an alphabet soup of initiatives without fully understanding the nature and process of corporate change. Therefore there is organization growth is very much important to understand how changes occur so that they can better manage the change process to improve their organizational effectiveness. Rationale of Research The benefits of this importance of this research help us to understand the impact of change management. Merger and acquisition are very much frequent nowadays. Everyone passes Merger and acquisition either themselves working in an organization or someone who is working or owning shares in the firm or merged with another organization. When firms merges between two organizations under takes changes. This change can be in positive or may be the other side of suffering. This motives has been studies previously in the financial sectors, however it frequently linked with the acquisition and merging process. Based on a literature review it has been said that there are two main types of motives for mergers and acquisition. First motive reason is the financial reason, such as increasing the overall performance and creating value for shareholder. Second reason is the non value maximizing managerially based motive. Recently due the economic situation, cross borders Mergers and Acquisition activities have risen significantly. Countries in the Europe are very much involved in the Mergers and Acquisition market. The acquisition motive is therefore often linked to acquisition and integration strategies and outcome in the research. Hence it is important to know and understand the process of acquisitions and help to make it more effective in order to gain extra benefits arising of it. Mainly to review the different kinds of product and processes these two companies has and find the positives for a final decision. This research explains the impact of project management merging acquisition between GE Money and Banco Santander. This comparison review answers the importance of integration process in making the acquisition more effective. Limitation of Research When analysis the Acquisition project we need to remember one key fact that the process actually is long drawn out and can take months or years to be completed. The organizational change takes places and this can be sure when the change will be effective for the organizations. Hence due to time constraints, it was not possible for this study to look at any particular Acquisition deal across its lifecycle. To analyse this research I have relied on information got through sources like, management team meeting, financial books and reports. CHAPTER 2 AIMS AND OBJECTIVES Aim The aim of the research to find out the impact of project management on mergers and acquisitions. This aim is to organize and review the relevant literature on organizational change. Objectives Primary To study the impact of Project management on Mergers and Acquisitions. Secondary To understand the importance of Project management on Mergers and Acquisition. To understand the importance of the integration in the Acquisition. To study the importance and need of Project management tools and techniques on the process of Integration. To analyse the success on implementation of Project management approach in mergers and acquisitions. CHAPTER 3 OUTLINE OF RESEARCH LITERATURE REVIEW 3.1 Definition of Mergers and Acquisition Many authors have explained and written several definitions about merging and acquisitions, some of them are mentioned below. According to Joseph (2008), Change management is a loosely defined term that refers to a broad array of activities and initiatives that occurs in the workplace. As such in order of effective, a change management program must integrate those programs elements that address any of the variety of elements, communication, training, testing, program planning, market analysis and implementation of new policies and procedures. According to Gaughan (1996), à ¢Ã¢â€š ¬Ã…“A merger is a combination of two corporations in which only one corporation survives and the merged corporation goes out of existenceà ¢Ã¢â€š ¬?. (1). He explained that according to merger the acquiring company assumes the assets and liabilities of the merged company. A statutory merger differs from a subsidiary merger, which is a merger of two companies in which the target company becomes a subsidiary or part of a subsidiary of the parent company. Gaughan also states that a merger differs from a consolidation which is a business combination where two or more company joins to form a new company. In this all combining companies get dissolved and new company is formed. For E.g.: There are two companies. Company A and Company B, where B is merged with A. In a consolidation (Company A + Company B = Company C). In this Company C is entirely a new company. There are differences between the terms merger and acquisition, however many terms between mergers and acquisition are interchangeable. According to Sudarsanam (2003), à ¢Ã¢â€š ¬Ã…“In a merger, the corporations come together to combine and share their resources to achieve common objectives. The shareholders of the combining firms often remain as joint owners of the combined entity.à ¢Ã¢â€š ¬? (2) Pearson (1989), An acquisition profile is a written documentation of description of the importance features required in a company to be acquired. This profile is a valuable aid and should be signed off by the senior management team (Board of Directors), to authorise work to proceed. Both the companies are adequate to give a description which will focus the search for the suitable companies, which means that the company which fall out of the acquisition profile will be rejected with a minimum of time and effort. (3) According to Sudarsanam (2003), à ¢Ã¢â€š ¬Ã…“An acquisition resembles more of an arms length deal, with one firm purchasing the assets or shares of another, and with the acquired firms shareholders ceasing to be owners of that firm.à ¢Ã¢â€š ¬? 3.2 Types of Mergers Merger and Acquisition is depends on the particular company to which it target company is acquired. An organization or company will try to merge or acquire only when it has come to a stage of expand its operation to make it growth internal strength. The company aims to have its position stabilized under business growth, finance, and be a leader in the market. According to Neirinckx (1999) he explains this in detail three types of mergers and acquisition. 3.2.1 Horizontal Mergers Acquisition The best acquisition of this type tends to be companies, which have a high quality product line and are trading in market where the acquirer is also present. The horizontal acquisition allows rationalism and thus allows an improved cash flow. Horizontal acquisition are however not a guarantee for success. One of the variables which need to be considered whether one major acquisition is desirable or whether a series of smaller ones is preferred. Sequential acquisition of smaller companies tend to be more successful because the digestion of a very large acquisition is complex and entails a lot of dangers, such as integrating two potential different cultures into one. The main reason of these mergers in to obtain economy in sales production. These mergers results in reduce of firms in an industry, due to which such mergers types becomes easier for the industry to join together for monopoly gain or profit. Example: In 1998 Merging and acquisition which took place Exxon and Mobil which can be considered as a typical example for horizontal mergers and acquisition 3.2.2 Vertical Mergers Acquisition A company proceed in a vertical merger when its usually seeks to merger with another company to takeover another company especially to expand its operations by the process of integration. Organizations integrate vertically between different stages due to reasons like improves planning for inventory and production, technological economies, reconciliation of divergent interests of parties to a transaction, elimination of transaction costs, etc. Vertical acquisition have a very bad reputation and while many companies are actually reducing their vertical integration. Example: In 1993 a Merging and acquisition took place between Merck and Medco in the pharmaceutical Industry. 3.2.3 Concentric Mergers Acquisition According to Neirinckx, à ¢Ã¢â€š ¬Ã…“Typically this means the acquisition of companies in business areas which are connected to the core business.à ¢Ã¢â€š ¬? This happens when the company feels strong in its basis of technologies distribution or marketing. Companies engage in concentric merging and acquisition tends to make a limited line of products and are very strong in one of the business segments. This happens in slow growing firms and is being used by companies which occupy a rather narrow segment of a widely spread firm and took for higher profit margin in other firms. 3.2.4 Conglomerate Mergers Acquisition à ¢Ã¢â€š ¬Ã…“Conglomerates are group of companies that operate in widely diverse industry.à ¢Ã¢â€š ¬? (Coyle, 2000 p 22). According to John C. Narver à ¢Ã¢â€š ¬Ã…“The definitions of conglomerate mergers in the report referred to little or no discernible relationship between acquiring and acquired firm.à ¢Ã¢â€š ¬? According Guaghan (1996 p. 7), à ¢Ã¢â€š ¬Ã…“A conglomerate merger occurs when the companies are not competitors and do not have a buyer- seller relationship.à ¢Ã¢â€š ¬? This conglomerate mergers Acquisition can be distinguished between two types. Financial Conglomerates Managerial Conglomerates 3.3 Motives of Mergers According to Hilda, (2000), the motives behind mergers are complex. Freidrich Trautwein was one of the researchers to attempt to make sense of the various theories extended to explain the allure of mergers. Freidrich Trautwein identified seven theories and looking at examples of organizations espousing that motive, investigated evidence of that motive and plausibility of the theory. The theories Freidrich Trautwein examined were:- Efficiency Monopoly Valuation Empire Building Process Raider Disturbance Stephen Wernet and Sandra Jones suggest that there is a difference in motive between for profit and non- profit companies. In the profit sector mergers are understood from the perspective of the purchaser not the acquired firm, and occur as a strategy for growth and expansion. In the nonprofit sector, resource scarcity and environmental uncertainty motivate mergers. 3.4 Defining an Acquisition Profile Acquisition profile needs to be described with quantitative and qualitative features which are very much important to the acquiring company. Pearson (1989) explains the content of an acquisition profile must have a description of the acquisition project. The profile has been explained below according to him. (4) 3.2.1 Market segment, Product and Services 3.2.2 Commercial Rationale 3.2.3 Maximum Cash Available For Acquisition 3.2.4 Maximum Total Purchase consideration 3.2.5 Minimum Size 3.2.6 Minimum Profitability 3.2.7 Management Style 3.2.8 Location 3.2.9 Key Requirements for Success 3.2.10 Financial Returns to be achieved 3.5 Overseas Acquisition Overseas acquisition is not as normal as acquisition of companies within the same countries. Lets study the more about overseas acquisition. Pearson, (1989). à ¢Ã¢â€š ¬Ã…“Acquiring a company overseas needs proper research and analysis at the outset. It could prove to be an expensive ego trip. An overseas acquisition should be demonstrably relevant to defined corporate objectives and strategyà ¢Ã¢â€š ¬?. If there is a depression in the home market, however the same business may find growth in the overseas market. Overseas growth may provide the opportunity to develop the business. According to Pearson, Politically a business which is multinational is less vulnerable to threats such as nationalization. There are risks involved the overseas acquisition such as customer resistance to overseas owned companies, different culture, language difficulties and local regulation rule. It is important that the acquiring company need to examine where to extend it business and also selecting the country under business development and profitability. 3.6 Selecting the Country The country for acquisition must be chosen before an acquisition profile. This involves in market research and some key factors. According to Pearson, there are five key factors for selecting the country for acquisition. The key factors are mention and explained below in detail. 3.6.1 Political Stability 3.6.2 Cultural and Social Background 3.6.3 Economic Environment 3.6.4 Legal Requirement 3.6.5 Taxation and Repatriation of Funds 3.6.1 Political Stability The political stability depends on the payback time for an overseas investment. This is like setting up a company in the rented premises and then the packback period would be less than two years. For an acquisition the time period is much longer. There are political instability like civil unrest, national strike and local wars. Political stability for many countries will be ruled out on this factor. 3.6.2 Cultural and Social Background Pearson, (1989), à ¢Ã¢â€š ¬Ã…“It is important that the country accepts overseas ownership of business, a ownership the implications of capitalism involvedà ¢Ã¢â€š ¬?. Foreign investors are treated differently than home investors. In some countries they offer valuable incentives where as other side discriminate against foreign ownership. The education standard, communication and services need to be adequate to support the business and management style. The health and safety hazard need to checked. In some countries, its not safe for executives and family lifestyle due to many kidnapping and unacceptable threat of violence. Precautions and insurance for personal safety may be required. Business culture and ethics varies from country to country. In some countries it may be not possible to run the business effectively without paying bride to get things approved. 3.6.3 Economic Environment According to Pearson, the ideal country will combine the prospect of good growth in the relevant market sector and acceptable levels of inflation with a relatively stable currency. The economic growth in some country may be poor, however in some markets will still open doors for attractive investment opportunity. 3.6.4 Legal Requirements Government approval is required to complete an acquisition. Anti trust and monopoly issues legislation may exist. Local advisers are needed to complete a course to meet the legal requirement of the country. In acquisition there will be need to meet the local requirements and these are known as outset. Adding to Anti trust rules and regulations there will be exchange control regulation, Law of employment and other legal laws which is required. 3.6.5 Taxation and Repatriation of Funds Investment in an overseas acquisition need to be evaluated for net of taxes. Taxation rate, tariff, incentives double taxation agreement and withhold taxation must be taken in to account. Fund that are invested in the net of taxation, it is not necessary to achieve an acceptable rate of return. The rule for repatriation of profits and capital should provide adequate scope for funds movements. As per the above factor a satisfactory country should always be possible. It is very much important to check that enough suitable potential acquisition companies exist and the purchase price, company expectations are to be acceptable. 3.7 Reason for Merging and Acquisition According to Gaughan, there are several reasons and motives that firm might engage in merging and acquisition. Out of all motives and reason one of the main motives is expansion. Acquiring a company in a business line or geographic area where the company may want to expand can be quicker than internal expansion. Acquisition of a company may provide certain synergistic benefits for the acquirer, such as two lines of business complement one another. An acquisition can also be a part of diversification process that allows the company to move into a different line of business. When firms get engaged in merging and acquisition for the motive of expansion, the cite potential gain as one of the reason for the transaction. Financial factor motivates some merging and acquisition. For E.g., An acquirers financial analysis may reveal that the target is undervalued, which is the value of the buyer may be significantly in excess of the market value of the target. Even when a premium that is normally associated with changes in control is always added to the acquisition price. Apart from this tax motivation also plays a major role in acquisition. 3.8 Definition of Project Management According to James P Lewis, he defines project management as à ¢Ã¢â€š ¬Ã…“application of knowledge skills tools and techniques to project activities to meet project requirementà ¢Ã¢â€š ¬?. Project management is accomplished through the application and integration of the project management processes of initiating, planning , executing, monitoring, controlling and closing. According to Timothy J. Kloppenborg, Arthur Shriberg, Jayashree Venkatraman, à ¢Ã¢â€š ¬Ã…“A project is a temporaray endeavor undertaken to create a unique product or serviceà ¢Ã¢â€š ¬?. Project management is the application of skills, tools and techniques to project activities to meet project requirements, which in turns requires project management to understand to project objectives, limitations, lifecycle and roles of the participants. 3.9 What is Project Management? Project management is a set of principles, method, and techniques that people use to effectively plan and control project work. It established a sound basis for effective planning, scheduling, resourcing, decision-making, controlling and replanning. Project management principle and techniques help complete projects on scheduled, within budget and in full accordance with project specifications. At the same time, they help achieve the other goals of the organization, such as productivity, quality and cost effectiveness. The objective of project management is to optimize project cost, time and quality. 3.10 Importance of Project Management In this world many people become project with knowing the meaning of projects. Someone assign them to manage a project because of their areas of expertise, not because they have received any by accident, it will become a disaster. Learning project management skills can help you complete projects on time, on budgets and on targets. The discipline of project management includes proven strategies for clarifying projects objectives, avoiding serious errors of omissions and eliminating costly mistakes. It also addresses the necessary people skills for getting the cooperation, support and resource to get the job done. Project management is not just for project managers. Team members need to know how carry out their parts of the project and business executive need to understand how to support project management efforts in the organization. 3.11 Project Management Role According to Gary Heerkens, project success will depends on personality traits like honesty, tolerance for ambiguity and openness. However skills required to make a process to go smooth. Paying constant attention to communication, making sure that, the project sponsor and the team members are clear on boundaries and expectation, documenting the project process (task, responsibilities, and relationships) and understanding customer and business needs. There are three main project management skills which are mandatory to have to lead or be a part of a project. 3.11.1 Develop Process Management Skill Learn tools for coordinating the work of many people. Get comfortable dealing with managers on issues of expectations, cost, scheduled and resources. 3.11.2 Build Your Interpersonal Skill Project management is all about getting things done through other people. Work on written and oral communication skills. Learn how to negotiate and influence. Become a coach and mentor to your project members. 3.11.3 Build a Project Network In all likelihood, your project will involve issues that are beyond your own area expertise. You should educate yourself as much as possible about the work your organization does, but it also helps to make contacts with people from diverse areas of your company. CHAPTER 4 RESEARCH PLAN AND METHOD 4.1 Methodology The methodology part specify details about the research method design, which indicates the action plan which has been followed to carry out the research to find the impact of project management on mergers and acquisitions. The amount of information which are collected, along with the techniques are used for sampling the data collection method. This also includes the data collected by primary and secondary resource. Data analysis process or method and limitation of the research that impacts the study are also explained. 4.2 Research Design This research will help us to understand the impact of project management for mergers and acquisitions. It has become clear that several ways of doing things may have to be melded and compared before the aims can be fully met. Researches will need to be conducted on the impact on mergers and acquisition firms. We need to evaluate reliability and efficiency under real world conditions using various techniques. This data would be helpful in determine what steps does the organization takes when it comes to change between the organization in terms of mergers and acquisitions. This research will follow the methods of qualitative, inductive, deductive, experimental and empirical research methods. The chapter begins with the introduction, rationale of research, literature review followed by the aims and objectives of the research. Then the research approach, research design, data collection, survey design, data analysis and questionnaire design are discussed. The chapter ends with the outco mes and limitations of the research. This research will be followed as per the below step. Objectives Development Primary and Secondary Data Collection Questionnaire Preparation Design Sample Data Analysis Calculation Final Report This research was designed to achieve the objectives mentioned above. The below mention are the tool used for data collection. Data collection method, Sampling size, frame and technique. 4.3 Data Analysis The data is collected from the actual respondents, the next step in the research process is data analysis. The purpose of this analysis is to interpret and draw conclusions from the collected date. Here a four-step procedure is followed for data analysis. Editing. Coding. Data entry. Tabulation. 4.4 Research Planning First 2 weeks of February 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Collection of Literature Last 2 weeks of February 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Preparation of research methodology and preparation of questionnaire In First 2 weeks of March 2010 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Collection of primary/secondary data Last two weeks of March 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Critical analysis of data Last week of March 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Drawing a conclusion First weeks of April 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Drafting the final report Second weeks of April 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Final report documentation Graphical Representation for Research Planning à ¢Ã¢â€š ¬Ã¢â‚¬Å" This presentation shows that for the first two weeks will be required to collect the primary data. During this process it ensures that the researcher is equipped or has received the sufficient knowledge about the topic under research. This gained knowledge would help the researcher in his further course of the research. This is based on this literature review where the statement of the problem is explained. Based on statement of the problem, the exact research methodology is taken out and the questionnaire for primary data will be designed. After this the primary data collection begins, which takes longer time to complete about 3 weeks. At this stage the researcher (I) has to make sure that he receive the maximum or highest number of respondents. This process takes close to two weeks. Followed by this we have the most critical part of the research, which is the analysis of primary data and secondary data. To complete this analysis process it takes about two weeks. Once this analysis is completed accurately the researcher needs another week for writing the conclusion and result from the analysis, followed by another week for drafting and finalizing the report Based on the resources given, in terms of knowledge or skill of the researcher, and the time available for conducting the research with access to a wide range of relevant or accurate data and information, the above plan is the most feasible one for successfully conducting the research and obtaining results. CHAPTER 5 BIBLIOGRAPHY 5.1 Conclusion The conclusion of this research would give a clear picture of the successful acquisition and integration process and how Santander continues to grow in this business. 5.2 Bibliography This topic which I have chosen is an acquisition project between GE and Santander, with regards to the integration of product and processes of the two organizations. The content was taken from newspapers, journals, articles, internet, internal email and interviews. There will be few interviews taken under this topic, with the senior directors and manager in the organizations. I being an employee for Santander UK, and a lead member of an integration and migration project in the New Business Department, getting information will be easy as I have an authorization from my manager. During this research I have referred to many books, meeting with the senior management team, discussion with all required departments to deliver the integration with values. I hereby will confirm that the all information which will be taken will very much be mention as references and index on the final dissertation. Impact of Project Management on Mergers and Acquisition Impact of Project Management on Mergers and Acquisition In todays complex and competitive global business environment, organizations must adapt to changing environmental conditions by continuously initiating changes in order to remain competitive and profitable. These changes occurs when organizations undertake such changes as implementation new technologies, mergers or acquisition, downsizing, restructuring operations, and outsourcing. During these changes if companies implement programmes like six-sigma or business process improvement then according to Hayes(2002), these changes are usually prompted by a need to maintain or improve an organization effectiveness where effectiveness relates to the organizations ability to use recourse efficiently to achieve immediate goals as well as embracing the need to changing conditions to be to remain efficient over the long term (Carnell, 1999). According to France, Harrington and Marguire (1987), improving an organization effectiveness has important consequences for its overall corporate performan ce. Despite the available of a number of models to aid the successful diagnosis and implementation of change effort, Beer and Nohria (2000,p.88) claims that 70% of all changes initiates fail because managers immerse themselves in an alphabet soup of initiatives without fully understanding the nature and process of corporate change. Therefore there is organization growth is very much important to understand how changes occur so that they can better manage the change process to improve their organizational effectiveness. Rationale of Research The benefits of this importance of this research help us to understand the impact of change management. Merger and acquisition are very much frequent nowadays. Everyone passes Merger and acquisition either themselves working in an organization or someone who is working or owning shares in the firm or merged with another organization. When firms merges between two organizations under takes changes. This change can be in positive or may be the other side of suffering. This motives has been studies previously in the financial sectors, however it frequently linked with the acquisition and merging process. Based on a literature review it has been said that there are two main types of motives for mergers and acquisition. First motive reason is the financial reason, such as increasing the overall performance and creating value for shareholder. Second reason is the non value maximizing managerially based motive. Recently due the economic situation, cross borders Mergers and Acquisition activities have risen significantly. Countries in the Europe are very much involved in the Mergers and Acquisition market. The acquisition motive is therefore often linked to acquisition and integration strategies and outcome in the research. Hence it is important to know and understand the process of acquisitions and help to make it more effective in order to gain extra benefits arising of it. Mainly to review the different kinds of product and processes these two companies has and find the positives for a final decision. This research explains the impact of project management merging acquisition between GE Money and Banco Santander. This comparison review answers the importance of integration process in making the acquisition more effective. Limitation of Research When analysis the Acquisition project we need to remember one key fact that the process actually is long drawn out and can take months or years to be completed. The organizational change takes places and this can be sure when the change will be effective for the organizations. Hence due to time constraints, it was not possible for this study to look at any particular Acquisition deal across its lifecycle. To analyse this research I have relied on information got through sources like, management team meeting, financial books and reports. CHAPTER 2 AIMS AND OBJECTIVES Aim The aim of the research to find out the impact of project management on mergers and acquisitions. This aim is to organize and review the relevant literature on organizational change. Objectives Primary To study the impact of Project management on Mergers and Acquisitions. Secondary To understand the importance of Project management on Mergers and Acquisition. To understand the importance of the integration in the Acquisition. To study the importance and need of Project management tools and techniques on the process of Integration. To analyse the success on implementation of Project management approach in mergers and acquisitions. CHAPTER 3 OUTLINE OF RESEARCH LITERATURE REVIEW 3.1 Definition of Mergers and Acquisition Many authors have explained and written several definitions about merging and acquisitions, some of them are mentioned below. According to Joseph (2008), Change management is a loosely defined term that refers to a broad array of activities and initiatives that occurs in the workplace. As such in order of effective, a change management program must integrate those programs elements that address any of the variety of elements, communication, training, testing, program planning, market analysis and implementation of new policies and procedures. According to Gaughan (1996), à ¢Ã¢â€š ¬Ã…“A merger is a combination of two corporations in which only one corporation survives and the merged corporation goes out of existenceà ¢Ã¢â€š ¬?. (1). He explained that according to merger the acquiring company assumes the assets and liabilities of the merged company. A statutory merger differs from a subsidiary merger, which is a merger of two companies in which the target company becomes a subsidiary or part of a subsidiary of the parent company. Gaughan also states that a merger differs from a consolidation which is a business combination where two or more company joins to form a new company. In this all combining companies get dissolved and new company is formed. For E.g.: There are two companies. Company A and Company B, where B is merged with A. In a consolidation (Company A + Company B = Company C). In this Company C is entirely a new company. There are differences between the terms merger and acquisition, however many terms between mergers and acquisition are interchangeable. According to Sudarsanam (2003), à ¢Ã¢â€š ¬Ã…“In a merger, the corporations come together to combine and share their resources to achieve common objectives. The shareholders of the combining firms often remain as joint owners of the combined entity.à ¢Ã¢â€š ¬? (2) Pearson (1989), An acquisition profile is a written documentation of description of the importance features required in a company to be acquired. This profile is a valuable aid and should be signed off by the senior management team (Board of Directors), to authorise work to proceed. Both the companies are adequate to give a description which will focus the search for the suitable companies, which means that the company which fall out of the acquisition profile will be rejected with a minimum of time and effort. (3) According to Sudarsanam (2003), à ¢Ã¢â€š ¬Ã…“An acquisition resembles more of an arms length deal, with one firm purchasing the assets or shares of another, and with the acquired firms shareholders ceasing to be owners of that firm.à ¢Ã¢â€š ¬? 3.2 Types of Mergers Merger and Acquisition is depends on the particular company to which it target company is acquired. An organization or company will try to merge or acquire only when it has come to a stage of expand its operation to make it growth internal strength. The company aims to have its position stabilized under business growth, finance, and be a leader in the market. According to Neirinckx (1999) he explains this in detail three types of mergers and acquisition. 3.2.1 Horizontal Mergers Acquisition The best acquisition of this type tends to be companies, which have a high quality product line and are trading in market where the acquirer is also present. The horizontal acquisition allows rationalism and thus allows an improved cash flow. Horizontal acquisition are however not a guarantee for success. One of the variables which need to be considered whether one major acquisition is desirable or whether a series of smaller ones is preferred. Sequential acquisition of smaller companies tend to be more successful because the digestion of a very large acquisition is complex and entails a lot of dangers, such as integrating two potential different cultures into one. The main reason of these mergers in to obtain economy in sales production. These mergers results in reduce of firms in an industry, due to which such mergers types becomes easier for the industry to join together for monopoly gain or profit. Example: In 1998 Merging and acquisition which took place Exxon and Mobil which can be considered as a typical example for horizontal mergers and acquisition 3.2.2 Vertical Mergers Acquisition A company proceed in a vertical merger when its usually seeks to merger with another company to takeover another company especially to expand its operations by the process of integration. Organizations integrate vertically between different stages due to reasons like improves planning for inventory and production, technological economies, reconciliation of divergent interests of parties to a transaction, elimination of transaction costs, etc. Vertical acquisition have a very bad reputation and while many companies are actually reducing their vertical integration. Example: In 1993 a Merging and acquisition took place between Merck and Medco in the pharmaceutical Industry. 3.2.3 Concentric Mergers Acquisition According to Neirinckx, à ¢Ã¢â€š ¬Ã…“Typically this means the acquisition of companies in business areas which are connected to the core business.à ¢Ã¢â€š ¬? This happens when the company feels strong in its basis of technologies distribution or marketing. Companies engage in concentric merging and acquisition tends to make a limited line of products and are very strong in one of the business segments. This happens in slow growing firms and is being used by companies which occupy a rather narrow segment of a widely spread firm and took for higher profit margin in other firms. 3.2.4 Conglomerate Mergers Acquisition à ¢Ã¢â€š ¬Ã…“Conglomerates are group of companies that operate in widely diverse industry.à ¢Ã¢â€š ¬? (Coyle, 2000 p 22). According to John C. Narver à ¢Ã¢â€š ¬Ã…“The definitions of conglomerate mergers in the report referred to little or no discernible relationship between acquiring and acquired firm.à ¢Ã¢â€š ¬? According Guaghan (1996 p. 7), à ¢Ã¢â€š ¬Ã…“A conglomerate merger occurs when the companies are not competitors and do not have a buyer- seller relationship.à ¢Ã¢â€š ¬? This conglomerate mergers Acquisition can be distinguished between two types. Financial Conglomerates Managerial Conglomerates 3.3 Motives of Mergers According to Hilda, (2000), the motives behind mergers are complex. Freidrich Trautwein was one of the researchers to attempt to make sense of the various theories extended to explain the allure of mergers. Freidrich Trautwein identified seven theories and looking at examples of organizations espousing that motive, investigated evidence of that motive and plausibility of the theory. The theories Freidrich Trautwein examined were:- Efficiency Monopoly Valuation Empire Building Process Raider Disturbance Stephen Wernet and Sandra Jones suggest that there is a difference in motive between for profit and non- profit companies. In the profit sector mergers are understood from the perspective of the purchaser not the acquired firm, and occur as a strategy for growth and expansion. In the nonprofit sector, resource scarcity and environmental uncertainty motivate mergers. 3.4 Defining an Acquisition Profile Acquisition profile needs to be described with quantitative and qualitative features which are very much important to the acquiring company. Pearson (1989) explains the content of an acquisition profile must have a description of the acquisition project. The profile has been explained below according to him. (4) 3.2.1 Market segment, Product and Services 3.2.2 Commercial Rationale 3.2.3 Maximum Cash Available For Acquisition 3.2.4 Maximum Total Purchase consideration 3.2.5 Minimum Size 3.2.6 Minimum Profitability 3.2.7 Management Style 3.2.8 Location 3.2.9 Key Requirements for Success 3.2.10 Financial Returns to be achieved 3.5 Overseas Acquisition Overseas acquisition is not as normal as acquisition of companies within the same countries. Lets study the more about overseas acquisition. Pearson, (1989). à ¢Ã¢â€š ¬Ã…“Acquiring a company overseas needs proper research and analysis at the outset. It could prove to be an expensive ego trip. An overseas acquisition should be demonstrably relevant to defined corporate objectives and strategyà ¢Ã¢â€š ¬?. If there is a depression in the home market, however the same business may find growth in the overseas market. Overseas growth may provide the opportunity to develop the business. According to Pearson, Politically a business which is multinational is less vulnerable to threats such as nationalization. There are risks involved the overseas acquisition such as customer resistance to overseas owned companies, different culture, language difficulties and local regulation rule. It is important that the acquiring company need to examine where to extend it business and also selecting the country under business development and profitability. 3.6 Selecting the Country The country for acquisition must be chosen before an acquisition profile. This involves in market research and some key factors. According to Pearson, there are five key factors for selecting the country for acquisition. The key factors are mention and explained below in detail. 3.6.1 Political Stability 3.6.2 Cultural and Social Background 3.6.3 Economic Environment 3.6.4 Legal Requirement 3.6.5 Taxation and Repatriation of Funds 3.6.1 Political Stability The political stability depends on the payback time for an overseas investment. This is like setting up a company in the rented premises and then the packback period would be less than two years. For an acquisition the time period is much longer. There are political instability like civil unrest, national strike and local wars. Political stability for many countries will be ruled out on this factor. 3.6.2 Cultural and Social Background Pearson, (1989), à ¢Ã¢â€š ¬Ã…“It is important that the country accepts overseas ownership of business, a ownership the implications of capitalism involvedà ¢Ã¢â€š ¬?. Foreign investors are treated differently than home investors. In some countries they offer valuable incentives where as other side discriminate against foreign ownership. The education standard, communication and services need to be adequate to support the business and management style. The health and safety hazard need to checked. In some countries, its not safe for executives and family lifestyle due to many kidnapping and unacceptable threat of violence. Precautions and insurance for personal safety may be required. Business culture and ethics varies from country to country. In some countries it may be not possible to run the business effectively without paying bride to get things approved. 3.6.3 Economic Environment According to Pearson, the ideal country will combine the prospect of good growth in the relevant market sector and acceptable levels of inflation with a relatively stable currency. The economic growth in some country may be poor, however in some markets will still open doors for attractive investment opportunity. 3.6.4 Legal Requirements Government approval is required to complete an acquisition. Anti trust and monopoly issues legislation may exist. Local advisers are needed to complete a course to meet the legal requirement of the country. In acquisition there will be need to meet the local requirements and these are known as outset. Adding to Anti trust rules and regulations there will be exchange control regulation, Law of employment and other legal laws which is required. 3.6.5 Taxation and Repatriation of Funds Investment in an overseas acquisition need to be evaluated for net of taxes. Taxation rate, tariff, incentives double taxation agreement and withhold taxation must be taken in to account. Fund that are invested in the net of taxation, it is not necessary to achieve an acceptable rate of return. The rule for repatriation of profits and capital should provide adequate scope for funds movements. As per the above factor a satisfactory country should always be possible. It is very much important to check that enough suitable potential acquisition companies exist and the purchase price, company expectations are to be acceptable. 3.7 Reason for Merging and Acquisition According to Gaughan, there are several reasons and motives that firm might engage in merging and acquisition. Out of all motives and reason one of the main motives is expansion. Acquiring a company in a business line or geographic area where the company may want to expand can be quicker than internal expansion. Acquisition of a company may provide certain synergistic benefits for the acquirer, such as two lines of business complement one another. An acquisition can also be a part of diversification process that allows the company to move into a different line of business. When firms get engaged in merging and acquisition for the motive of expansion, the cite potential gain as one of the reason for the transaction. Financial factor motivates some merging and acquisition. For E.g., An acquirers financial analysis may reveal that the target is undervalued, which is the value of the buyer may be significantly in excess of the market value of the target. Even when a premium that is normally associated with changes in control is always added to the acquisition price. Apart from this tax motivation also plays a major role in acquisition. 3.8 Definition of Project Management According to James P Lewis, he defines project management as à ¢Ã¢â€š ¬Ã…“application of knowledge skills tools and techniques to project activities to meet project requirementà ¢Ã¢â€š ¬?. Project management is accomplished through the application and integration of the project management processes of initiating, planning , executing, monitoring, controlling and closing. According to Timothy J. Kloppenborg, Arthur Shriberg, Jayashree Venkatraman, à ¢Ã¢â€š ¬Ã…“A project is a temporaray endeavor undertaken to create a unique product or serviceà ¢Ã¢â€š ¬?. Project management is the application of skills, tools and techniques to project activities to meet project requirements, which in turns requires project management to understand to project objectives, limitations, lifecycle and roles of the participants. 3.9 What is Project Management? Project management is a set of principles, method, and techniques that people use to effectively plan and control project work. It established a sound basis for effective planning, scheduling, resourcing, decision-making, controlling and replanning. Project management principle and techniques help complete projects on scheduled, within budget and in full accordance with project specifications. At the same time, they help achieve the other goals of the organization, such as productivity, quality and cost effectiveness. The objective of project management is to optimize project cost, time and quality. 3.10 Importance of Project Management In this world many people become project with knowing the meaning of projects. Someone assign them to manage a project because of their areas of expertise, not because they have received any by accident, it will become a disaster. Learning project management skills can help you complete projects on time, on budgets and on targets. The discipline of project management includes proven strategies for clarifying projects objectives, avoiding serious errors of omissions and eliminating costly mistakes. It also addresses the necessary people skills for getting the cooperation, support and resource to get the job done. Project management is not just for project managers. Team members need to know how carry out their parts of the project and business executive need to understand how to support project management efforts in the organization. 3.11 Project Management Role According to Gary Heerkens, project success will depends on personality traits like honesty, tolerance for ambiguity and openness. However skills required to make a process to go smooth. Paying constant attention to communication, making sure that, the project sponsor and the team members are clear on boundaries and expectation, documenting the project process (task, responsibilities, and relationships) and understanding customer and business needs. There are three main project management skills which are mandatory to have to lead or be a part of a project. 3.11.1 Develop Process Management Skill Learn tools for coordinating the work of many people. Get comfortable dealing with managers on issues of expectations, cost, scheduled and resources. 3.11.2 Build Your Interpersonal Skill Project management is all about getting things done through other people. Work on written and oral communication skills. Learn how to negotiate and influence. Become a coach and mentor to your project members. 3.11.3 Build a Project Network In all likelihood, your project will involve issues that are beyond your own area expertise. You should educate yourself as much as possible about the work your organization does, but it also helps to make contacts with people from diverse areas of your company. CHAPTER 4 RESEARCH PLAN AND METHOD 4.1 Methodology The methodology part specify details about the research method design, which indicates the action plan which has been followed to carry out the research to find the impact of project management on mergers and acquisitions. The amount of information which are collected, along with the techniques are used for sampling the data collection method. This also includes the data collected by primary and secondary resource. Data analysis process or method and limitation of the research that impacts the study are also explained. 4.2 Research Design This research will help us to understand the impact of project management for mergers and acquisitions. It has become clear that several ways of doing things may have to be melded and compared before the aims can be fully met. Researches will need to be conducted on the impact on mergers and acquisition firms. We need to evaluate reliability and efficiency under real world conditions using various techniques. This data would be helpful in determine what steps does the organization takes when it comes to change between the organization in terms of mergers and acquisitions. This research will follow the methods of qualitative, inductive, deductive, experimental and empirical research methods. The chapter begins with the introduction, rationale of research, literature review followed by the aims and objectives of the research. Then the research approach, research design, data collection, survey design, data analysis and questionnaire design are discussed. The chapter ends with the outco mes and limitations of the research. This research will be followed as per the below step. Objectives Development Primary and Secondary Data Collection Questionnaire Preparation Design Sample Data Analysis Calculation Final Report This research was designed to achieve the objectives mentioned above. The below mention are the tool used for data collection. Data collection method, Sampling size, frame and technique. 4.3 Data Analysis The data is collected from the actual respondents, the next step in the research process is data analysis. The purpose of this analysis is to interpret and draw conclusions from the collected date. Here a four-step procedure is followed for data analysis. Editing. Coding. Data entry. Tabulation. 4.4 Research Planning First 2 weeks of February 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Collection of Literature Last 2 weeks of February 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Preparation of research methodology and preparation of questionnaire In First 2 weeks of March 2010 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Collection of primary/secondary data Last two weeks of March 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Critical analysis of data Last week of March 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Drawing a conclusion First weeks of April 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Drafting the final report Second weeks of April 2011 à ¢Ã¢â€š ¬Ã¢â‚¬Å" Final report documentation Graphical Representation for Research Planning à ¢Ã¢â€š ¬Ã¢â‚¬Å" This presentation shows that for the first two weeks will be required to collect the primary data. During this process it ensures that the researcher is equipped or has received the sufficient knowledge about the topic under research. This gained knowledge would help the researcher in his further course of the research. This is based on this literature review where the statement of the problem is explained. Based on statement of the problem, the exact research methodology is taken out and the questionnaire for primary data will be designed. After this the primary data collection begins, which takes longer time to complete about 3 weeks. At this stage the researcher (I) has to make sure that he receive the maximum or highest number of respondents. This process takes close to two weeks. Followed by this we have the most critical part of the research, which is the analysis of primary data and secondary data. To complete this analysis process it takes about two weeks. Once this analysis is completed accurately the researcher needs another week for writing the conclusion and result from the analysis, followed by another week for drafting and finalizing the report Based on the resources given, in terms of knowledge or skill of the researcher, and the time available for conducting the research with access to a wide range of relevant or accurate data and information, the above plan is the most feasible one for successfully conducting the research and obtaining results. CHAPTER 5 BIBLIOGRAPHY 5.1 Conclusion The conclusion of this research would give a clear picture of the successful acquisition and integration process and how Santander continues to grow in this business. 5.2 Bibliography This topic which I have chosen is an acquisition project between GE and Santander, with regards to the integration of product and processes of the two organizations. The content was taken from newspapers, journals, articles, internet, internal email and interviews. There will be few interviews taken under this topic, with the senior directors and manager in the organizations. I being an employee for Santander UK, and a lead member of an integration and migration project in the New Business Department, getting information will be easy as I have an authorization from my manager. During this research I have referred to many books, meeting with the senior management team, discussion with all required departments to deliver the integration with values. I hereby will confirm that the all information which will be taken will very much be mention as references and index on the final dissertation.

Informative Speech For Gun Ownership :: essays research papers

Certainly one of the chief guarantees of freedom under any government, no matter how popular and respected, is the right of the citizen to keep and bear arms. This is not to say that firearms should not be very carefully used and that definite rules of precaution should not be taught and enforced. But the right of the citizen to bear arms is just one more safeguard against a tyranny which now appears remote in America, but which historically has proved to be always possible. -Hubert Humphrey, 1960 My background is probably atypical for a somewhat high-profile supporter of the right to keep and bear arms. I am black and grew up in Manhattan’s East Harlem, far removed from the great American gun culture of rural, white America. Although my voting patterns have become somewhat more conservative in recent years, I remain in my heart of hearts a 1960s Humphrey Democrat concerned with the plight of those most vulnerable in American society-minorities, the poor, the elderly, and single women-groups whose day-to-day realities are often overlooked in our public policy debates, people whose lives too often go unnoticed by our intellectually timid chattering classes. This is happening in the public debate over the right to bear arms. For the nation’s elites, the Second Amendment has become the Rodney Dangerfield of the Bill of Rights, constantly attacked by editorial writers, police chiefs seeking scapegoats, demagoging politicians, and most recently even by Rosie O’Donnell, no less. It is threatened by opportunistic legislative efforts, even when sponsors acknowledge their proposed legislation would have little impact on crime and violence. Professional champions of civil rights and civil liberties have been unwilling to defend the underlying principle of the right to arms. Even the conservative defense has been timid and often inept, tied less, one suspects, to abiding principle and more to the dynamics of contemporary Republican politics. Thus a right older than the Republic, one that the drafters of two constitutional amendments the Second and the Fourteenth intended to protect, and a right whose critical importance has been painfully revealed by twentieth-century history, is left undefended by the lawyers, writers, and scholars we routinely expect to defend other constitutional rights. Instead, the Second Amendment’s intellectual as well as political defense has been left in the unlikely hands of the National Rifle Association (NRA). And although the NRA deserves considerably better than the demonized reputation it has acquired, it should not be the sole or even principal voice in defense of a major constitut ional provision.

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Phoenix Material Chronic Disease Resource Guide Imagine that a family member or friend, with a chronic disease, has asked for your help finding resources available to help him or her with the disease. Use the table below to compile a list and explanation of at least five resources available for your family member or friend. Your Assigned Disease: Your Assigned Location: Cancer Georgia Resource: Explanation: John B.Amos Cancer Center This center is here to promote health and healing to all cancer patients. The center offers different services such as, clinical research, gynecologist/medical/radiation oncology, and robotic thoracic surgery. Http://www. Calumniation's. Com/ Chlorofluorocarbons. Asps? ND=1802 Cancer Support Community In Atlanta This group is here for support for cancer patients and their families. Besides support, the group offers classes, information, education programs, stress activities, and fun activities. Http://cancersupportcommunityatlanta. Org/home. PH Perimeter Church This is a cancer support group that provides a safe environment which a person with cancer or their loved ones can share prayer requests and concerns about the Illness. It's also a place to talk with other survivors and learn to live life with purpose. Http:// www. Perimeter. Org/pages/add-l-enlistees/support-groups/cancer-support-group/ This group is here to support cancer patients through the grace and love of Jesus Christ.Through the community resources, they are here to help patients' everyday hysterical and spiritual needs by, helping provide food, prescriptions, and necessities. The volunteers also offer other services, such as hospital visits, errand running, and shuttle service. Http://counterparts. Com/ Atlanta Cancer Care The SAC can deal with one cancer needs. The facility has different caregiver and support information for one with cancer or to help the loved ones cope with it. The facility also has plenty of resources. Http://www. Teleconference. Com/Home. Asps

Free Essays on False Justice

False Justice Leandro Anrade, a thirty-seven year old man with a non-violent record, was sentenced to fifty years to life in prison for stealing 153 dollars worth of videotapes. Leandro’s sentence is a raw product of California’s Three Strikes Laws. California’s Three Strikes Laws were erected in March of 1994 and have been the center controversy since their debut. Basically the laws state that if anyone is convicted of any crime three times and it can be three different crimes, whether it be a petty, or serious crime, they are sentenced to twenty-five years to life automatically. (Marks 2) Do these laws even seem remotely rational? Not according to California prosecutors, who only use the law in about ten percent of the eligible cases. (Dolan and Perry 3) That means ninety percent of all prosecutors in California ignore the ludicrous laws because they are not reasonable judgments. Why would you even have the laws when it doesn’t achieve the purpose it was produced to do? The reason behind that question lies in one major fallacy; the laws are unjust to petty crime offenders. When California’s voters condemned the laws in 1994 they were put under the influence that it would only pertain to felony, or serious crime convictions. The fact that someone can be sent to jail for at least twenty-five years for writing bad checks, stealing videos, selling drugs and so forth is unfair to the criminals and the tax payers of California who have to pay for larger prisons to welcome in the massive amounts of criminals who are sentenced under the three strikes laws, sixty percent of them being non-violent offenders. (Marks 2) Overall the laws have decreased the crime rates in California, but that can also be the result of a trend in that generally the whole country has been experiencing within the last ten years. These unreasonable laws should be altered in that they should only pertain to felonies and serious offenses. Even though I fee... Free Essays on False Justice Free Essays on False Justice False Justice Leandro Anrade, a thirty-seven year old man with a non-violent record, was sentenced to fifty years to life in prison for stealing 153 dollars worth of videotapes. Leandro’s sentence is a raw product of California’s Three Strikes Laws. California’s Three Strikes Laws were erected in March of 1994 and have been the center controversy since their debut. Basically the laws state that if anyone is convicted of any crime three times and it can be three different crimes, whether it be a petty, or serious crime, they are sentenced to twenty-five years to life automatically. (Marks 2) Do these laws even seem remotely rational? Not according to California prosecutors, who only use the law in about ten percent of the eligible cases. (Dolan and Perry 3) That means ninety percent of all prosecutors in California ignore the ludicrous laws because they are not reasonable judgments. Why would you even have the laws when it doesn’t achieve the purpose it was produced to do? The reason behind that question lies in one major fallacy; the laws are unjust to petty crime offenders. When California’s voters condemned the laws in 1994 they were put under the influence that it would only pertain to felony, or serious crime convictions. The fact that someone can be sent to jail for at least twenty-five years for writing bad checks, stealing videos, selling drugs and so forth is unfair to the criminals and the tax payers of California who have to pay for larger prisons to welcome in the massive amounts of criminals who are sentenced under the three strikes laws, sixty percent of them being non-violent offenders. (Marks 2) Overall the laws have decreased the crime rates in California, but that can also be the result of a trend in that generally the whole country has been experiencing within the last ten years. These unreasonable laws should be altered in that they should only pertain to felonies and serious offenses. Even though I fee...

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buy custom Chinese History essay Introduction Chinas democracy during the 20th Century is not associated with Communism. However, many people believe that Mao Zedongs revolution and the students protest that took place in 1989, at the Tiananmen Square was very important (Patricia, 1993). Even though China lacks republican system when compared to countries like the United States, there have been continued struggle for democracy. Much of the struggles have been witnessed in areas of press freedom, assembly and speech. The paper, therefore, seeks to highlight struggles that the Chinese underwent in the 20th Century when they were advocating for equality in the public and politics that supports true democracy (Patricia, 1993). Discussion During the early 20th Century revolutionaries in China, the Chinese fought oppressive governments that controlled deocratic values like freedom of assembly and speech. The May Fourth Movement of 1919 was an example of such struggles. Under this movement, students declined to be enslaved by foreign powers. Nevertheless, they were deprived the freedom of expressing their views by what was called Northern Warlord government. As a result, students demonstrated against the repressive government. Indeed, the protest marked the beginning of mass protests along the streets (Patricia, 1993). Furthermore, when the Warlord government started silencing the protestors, students continued demanding for their rights. These students advocated for freedom of association, assembly, and expression of political views. The May Fourth association catalyzed future Chinese resistance of the oppressive government (Patricia, 1993). Later, labor organizations applied the same reasoning to call for strike. The union leaders believed that the workers were oppressed by Feudal Warlords, who deprived workers fair wages and freedom oof assembly. Therefore, the union leaders thought that it was necessary for the Shanghai government to set up the leadership that allows workers; the freedom of press and speech, formation of associations, and to go on strike (Patricia, 1993). The desire for liberation was demonstrated by the working class, who were against dictatorship. In fact, the end of strikes did not mean retreat; but prepared the groundwork for more struggles. This is because, the words from the union leaders foreshadowed the fight for survival in China a decade later (Patricia, 1993). Conclusion To sum, it is apparent that, even though some people still look at China as a nation that is not liberal, continued struggles for democracy in the twentieth Century proved that, like other Nations in the West, China shares common principles of democracy. Years later, the Communist Revolution has become a force in China; hence it could result into a peaceful world. Buy custom Chinese History essay

Civil Rights Act Essay Example | Topics and Well Written Essays - 2250 words

Civil Rights Act - Essay Example Reconstruction, also known as Radical Reconstruction, was the period after the American Civil War. During this time, the South was in political, social, and economic turmoil and eleven Confederate states had already seceded from the Union during the wartime unrest. In response, the Union attempted to regain order in the Confederate states during the Reconstruction era. The ex-slave states were divided into 5 military districts by the Reconstruction Act of 1867 and an assistant commissioner was appointed to each district. (McElrath 2008 Afroamhistory.about.com) After the Civil War, Congress established a Bureau for the refugees,Freedmen and Abandoned Lands, known as the Freedmen's Bureau. We find in McElrath's article that it provided with food, medical care, helped with resettlement, and very noble it established schools. Due to inadequate funds, corruption and inefficiency it closed in 1870.While the Freedmen’s Bureau worked to help Southern blacks, opposition to their new fr eedom was mounting. In 1865, several Southern states passed legislation creating black codes. Depending upon the state, these laws generally restricted blacks’ right to own property, controlled where they were allowed to live, established a curfew, and forced blacks to work as agricultural laborers or as domestics. The Black Codes were quickly eliminated with the passage of the Civil Rights Act of 1866. The Act gave blacks the rights and privileges of full citizenship. (McElrath Afroamhistory.about.com 2008). ... agricultural laborers or as domestics. The Black Codes were quickly eliminated with the passage of the Civil Rights Act of 1866. The Act gave blacks the rights and privileges of full citizenship. (McElrath Afroamhistory.about.com 2008). The Reconstruction Act of 1867 eliminated white controlled Governments. President Johnson, successor of Lincoln had reneged his promise to implement Lincoln's Reconstruction plan so that States could revise legislatures and implement less severe codes instead of eliminating all the black codes. With the Reconstruction Act, blacks were given the the freedom to participate in the political process. Black became ordinary 10489 4 to kill and torture the black. Affter the Reconstruction ended all changed at constitutional conventions, helped to write laws and became state legislators. In June 1866, Congress proposed the 14th Amendment to the U. S. Constitution. It provided blacks with citizenship and guaranteed that federal and state laws applied equally to blacks and whites. With the passage of the Amendment, Congress also provided that Southern states could not be readmitted to the Union until it ratified the 14th Amendment. All of the states, except Tennessee, refused to do so. By 1870, however, the remaining 10 states ratified the 14th Amendment. (McElrath Afroamhistory.about.com 2008). In 1870, African Americans were given the right to vote through the 15th Amendment. According to this amendment, the right to vote applied to citizens regardless of race or color. Despite this right, some Southern states added grandfather clauses to their state Constitutions in an effort to counter this new right. Typical clauses stated that the right to vote extended only to citizens or

Industrial safety engineering (safety in work enviroment) Term Paper

Industrial safety engineering (safety in work enviroment) - Term Paper Example The government regulations on organizational safety and health (OSHA) demand that organizations maintain health and safety standards to ensure that their employees work in a minimum risk working environment. Failing to comply with these regulations attracts legal penalties that often are consequential to the organization. One of the superior ways of maintaining health and safety within an organization is educating the employees on the need for safety in a working environment and the minimum safety level requirements demanded in the organization. The management should thus be aware of how to induce effective training programs and how to align the employees towards the managerial objectives as far as health and safety is concerned within the work place. In reality, employee training is a key strategy to minimization of accidents, illnesses and death in work environments. Safety and health are two closely related terms yet very distinct in an industrial setting, hence the need to separa te them. Goetsch (2008), an industrial and safety professional, define safety in an organization as the ability to keep the employees away from the accident-causing situations that might cause damage, injury or even kill the employee. For instance, in an engineering firm, engineers have to operate electrically driven machines such as conveyor belts and grinders. When such machines come into contact with human beings, they are likely to cause accidents, some of which may be fatal. As such, it is crucial to safeguard the life of an employee from such machines to avoid unnecessary accidents in an organization. On the other hand, health maintenance refers to the ability to protect employees from disease causing environments. In industrial organizations, say a manufacturing plant, employees are exposed to smoke that may cause lung diseases. In this light, organizations have a core responsibility to avoid accidents and industrial related diseases within the employee population. In the Uni ted States the Organizational Safety and Health Act (OSHA) provides the standards that industrial organizations should comply with. The OSH Act provides that each business organization has a general duty to ensure that their employees are safe and free work environment hazards. Each year, the federal government, through their safety supervisors, conduct random safety inspections to observe whether organization have applied safety programs that comply with the OSHA standards. Over 50, 000 organizations are scrutinized and failure of compliance attracts fines, penalties and even temporary or permanent closure of organizations. One requirement of the OSH Act is that the employees have the â€Å"right-to-know† the health risks and conditions of the organization before they are assigned to their duties (United States Department of Labor, 2013). Resultantly, the act recommends that every organization implement an employee training program to ensure that employees are aware of the d angers that they risk in their working conditions. In essence, the implementing a health and safety training program is a compulsory requirement for every organization. Putting the legal side of organizational health and safety aside, a healthy working environment has many economic benefits to the organization. Burton (2008) points out to the high financial cost that organizations pay for failing to implement standard work environment conditions. First, unhealthy employees are likely to absent from