Writing a reflection essay
Custom Essay Writing Service
Thursday, August 27, 2020
Historical Origins of Social Work Essay
Article: In what ways do the chronicled causes of social work impact the current calling in Ireland? So as to give an inside and out conversation on how the verifiable inceptions of social work have affected the current idea of the calling in Ireland, it is significant for me to give a particular comprehension of what the term signifies. Characterized by Smale, Tuson and Statham (2000; 5), ââ¬Ësocial work is about the mediations made to change social circumstances with the goal that individuals who need support or are in danger can have their necessities met more properly than if no intercession were madeââ¬â¢. Spirits and Sheafor (1977) express that ââ¬Ëprofessional social specialists are committed to support for the government assistance and self-acknowledgment of people; to the restrained utilization of logical information with respect to human and cultural conduct, to the advancement of assets to meet individual, gathering, national and universal needs and desires; and t o the accomplishment of social justiceââ¬â¢. Numerous people, other than field social specialists and including every one of the individuals who work in private, day care and domiciliary consideration, also called social consideration or care laborers are totally engaged with various kinds of social work. The Emergence of Social Work As indicated by Sheldon and Macdonald (2009, p.19), ââ¬Ëthe term ââ¬Ësocial workââ¬â¢ was first utilized in Britain toward the finish of the nineteenth centuryââ¬â¢. During this time, individuals rehearsed social work trying to set up increasingly reasonable methods of beating social trouble rather than depending on conventional types of good cause work and charity. Skehill (1999) and Darling (1972) express that Irish social work shares numerous customary goals of social work somewhere else, for example, in Britain and Finland and has been affected by such nations. Be that as it may, it is additionally molded by the specific idea of Irelandââ¬â¢s society and by key political procedures inside the nation over the previous hundreds of years. Though Ireland ââ¬Ëindustrialisingââ¬â¢ at an alternate rate in contrast with England and somewhere else, key highlights of current society, for example, the development in master information comparable to people and the family , the spread of new master experts and the rise of a liberal type of government do seem to have affected forming Irish social work (Skehill, 1999). Prior types of social work in Ireland advanced from strict intentions which incorporated the giving of offerings and the giving of administration. Skehill (1999) features that the connection between theâ religious bodies and their anxiety with the arrangement of magnanimous help is vital, with the contention among Catholic and Protestant foundations being the most critical part of the strict base of good cause in the nineteenth century. As the years progressed, Ireland has been where people have been ââ¬Ëinspired by a feeling of work and to a great extent guided by intuitionââ¬â¢ (Darling, 1972; 24). Such people have attempted to lighten the agony and enduring of the setbacks inside our general public. A case of such gallant bodies in Ireland incorporates ââ¬ËMary Aikenhead, girl of a Cork specialist and organizer of the Order of Irish Sisters of Charity, who started jail visiting in Dublin 1821ââ¬â¢ (Darling, 1972; 24). The nineteenth century is ââ¬Ëcharacterised by an entire plenty of altruistic exercises identifying with instruction, wellbeing and welfareââ¬â¢ (Skehill, 1990). In England, social work started with the distinguishing proof, categorisation and association of different causes, which is generally clear in crafted by the Charitable Organization Society. The COS developed in 1869 and was principally known as the Society for Organizing Charitable Relief and Repressing Mendicity. This beneficent body had a particular point of endeavoring to address the disconnectedness between magnanimous associations and unite these bodies under some reasonable umbrella (Skehill, 199). Over a similar timeframe (nineteenth century), no such significant body for social work existed in Ireland, anyway toward the start of the twentieth century the Irish state saw an endeavor to normalize noble cause inside the nation. Prominently, the idea of social work in Ireland is featured by the ââ¬Ëlink among generosity and its more extensive social and political verbose field, the relations among religion and noble cause, the gendered idea of practices, and the individualist ic way to deal with social problemsââ¬â¢ (Skehill, 1990). Albeit, social work advanced indeed in the twentieth century, one could contend that the absolute most characterizing qualities of its present shape in the public arena could be certify to its previous nearness in the nineteenth century (Skehill, 1990). For instance, social work in Ireland keeps on being a training that is principally keen on helping the less wealthy in the public eye, with families and youngsters being a key objective for social work mediation and work on staying individualistic. Likewise, the calling has kept on working customarily dependent on thinking about and neglecting the customers of its administration (Skehill, 1990). Along these lines, itâ is imperative to take a gander at specific parts of magnanimity in nineteenth century Ireland so as to investigate the magnanimous worksââ¬â¢ commitment to the current day social work system (Skehill, 1990). Albeit social work started to rise in the nineteenth century, it was not until the start of the twentieth cent ury that a sound technique of social work created (Skehill, 1990). What is critical about social work in the mid twentieth century is that it kept on being portrayed by congruities in deliberate foundation work and created towards a more ââ¬Ëstrategic and organized act of expert social workââ¬â¢ (Skehill, 1990; 61). Be that as it may, all through this period, social work likewise extended because of a double procedure of advancement between communicating strands of social, political, scholarly and institutional movement. This double procedure of improvement incorporates ââ¬Ëthe development of preparing and training for social laborers and the proceeded with extension of undeveloped social workââ¬â¢ inside beneficent bodies (Skehill, 1990; 97). The example of social work preparing that set up in the twentieth century persevered in the next decades, with the continuation of an individual center, home visiting, inside and out requests and fixation on poor people, ladies and kids staying to be at the center of itsââ¬â¢ practice. In Ireland, the wellbeing and government assistance administration kept on creating in the mid-twentieth century and accordingly, affected the development of social work inside this period. There was a lessening in the impact of the Catholic Church, proficient preparing and work for social specialists expanded and the State built up a more noteworthy job in the arrangement of social administrations which prompted expanding open doors for the advancement of social work. As indicated by Darling (1971), formal social work preparing in Ireland started in 1899, when Reverend R.M. Gwynn set up a relationship in Trinity College Dublin, with an essential point of advancing the investigation of destitution. ââ¬ËThe foundation of the Civic Institute of Ireland in 1914 imprints a noteworthy advance in the development of social work in Irelandââ¬â¢ (Skehill, 1999; 91). The primary point of this general public was the ââ¬Ëstudy and examination everything being equal and issues influencing the lives of the Irish open in their ability as residents or as occupants of a city, urban or provincial zone of Irelandââ¬â¢ (Civic Institute of Ireland, 1914 in Skehill, 1999; 91). Book reference * Considine, M. what's more, Dukelow, F. (2009) Irish Social Policy: A basic presentation, Dublin: Gill and Macmillan Ltd. * Sheldon, B. what's more, MacDonald, G. (2009) Textbook of Social Work, London: Routledge. * Skehill, C. (1999a): The Nature of Social Work in Ireland, a Historical Perspective, Lewiston, USA: Edwin Mellen Press. * Morales, A. what's more, Sheafor, B.W. 1977. Social Work: A Profession of Many Faces. Boston: Allyn and Bacon Inc. * Darling, V. (1971) ââ¬ËSocial Work in the Republic of Irelandââ¬â¢. Social examinations, Irish Journal of Sociology, 1(1)24-37. *
Saturday, August 22, 2020
Free Essays on Civil War
The North reacted to the assault on Fort Sumter with stun and outrage. Wherever individuals were resolved to help the administration in whatever estimates it may take. On April 15, Lincoln gave a decree that called up an aggregate of 75,000 civilian army from the states. Simultaneously, calls for troops were sent to the governors of all expresses that had stayed in the Union. On April 19 every subsequent declaration reported that Southern ports would be barred. A third declaration, dated May 3, called for 42,000 three-year volunteers for the normal armed force and for 18,000 volunteers to serve one to three years in the naval force. The South reacted with equivalent assurance Virginia and the remainder of the upper South withdrew. The Congress of the Confederacy approved President Davis to wage the war presently starting. The fringe slave conditions of Kentucky, Missouri, Maryland, and Delaware never withdrew. Nonetheless, a large number of men in Kentucky, Missouri, and Maryland chipped in for administration in the Confederate armed forces. Both the North and South raised soldiers as fast as could be expected under the circumstances and battled with the issue of preparing and preparing them. The states selected volunteers and sorted out them into regiments. Officials were chosen by the men and dispatched by the governors. In the first place the length of administration was normally short, yet when it turned out to be evident that the war would not end with one definitive fight, three-year-selections turned into the standard, in spite of the fact that there were numerous special cases. In the North the principal troops prepared for administration were sent to Washington, D.C., and to focuses along the Ohio River. Confederate soldiers were amassed in Tennessee and in northern Virginia, where they could compromise the government capital. The North reacted to the assault on Fort Sumter with stun and outrage. Wherever individuals were resolved to help the legislature in whatever estimates it may take. On April 15, Lincoln gave a declaration that called up a sum of 75... Free Essays on Civil War Free Essays on Civil War The North reacted to the assault on Fort Sumter with stun and outrage. Wherever individuals were resolved to help the legislature in whatever estimates it may take. On April 15, Lincoln gave an announcement that called up a sum of 75,000 local army from the states. Simultaneously, calls for troops were sent to the governors of all expresses that had stayed in the Union. On April 19 every subsequent declaration reported that Southern ports would be barred. A third decree, dated May 3, called for 42,000 three-year volunteers for the ordinary armed force and for 18,000 volunteers to serve one to three years in the naval force. The South reacted with equivalent assurance Virginia and the remainder of the upper South withdrew. The Congress of the Confederacy approved President Davis to wage the war presently starting. The fringe slave conditions of Kentucky, Missouri, Maryland, and Delaware never withdrew. In any case, a huge number of men in Kentucky, Missouri, and Maryland chipped in for administration in the Confederate militaries. Both the North and South raised soldiers as fast as could be expected under the circumstances and battled with the issue of preparing and preparing them. The states enlisted chips in and sorted out them into regiments. Officials were chosen by the men and dispatched by the governors. To start with the length of administration was typically short, yet when it turned out to be certain that the war would not end with one unequivocal fight, three-year-enrollments turned into the standard, despite the fact that there were numerous special cases. In the North the main soldiers prepared for administration were sent to Washington, D.C., and to focuses along the Ohio River. Confederate soldiers were packed in Tennessee and in northern Virginia, where they could compromise the government capital. The North reacted to the assault on Fort Sumter with stun and outrage. Wherever individuals were resolved to help the administration in whatever estimates it may take. On April 15, Lincoln gave a decree that called up a sum of 75... Free Essays on Civil War The American Civil WarIn 1860, apparently the world's most noteworthy country was secured Civil War. Thewar partitioned the nation between the North (Union) and South (Confederate).The war kept going five years and by 1865 the Confederate powers were trulybeaten. Out of this repulsive war however, where exactly 600,000 men passed on grewa more prominent feeling of patriotism than is today, unparalleled around the world.The American Civil War is deciphered distinctively by numerous history specialists butmost consider the to be as servitude, the inspiration as financial, the outcomewas a bound together national identity.Slavery was a significant issue that set off the American Civil War. Slaverystarted out, as a couple of individual slaves originating from England that weregenerally white. This changed in any case, and soon the Southern slave tradersbegan 'taking' blacks to reclaim toward the South. The slaves were forcedto work 16-hour days, slave ladies were just observed as raisers and there wereno laws against the assault of a female slave. In 1860 slaves accounted forone third of the South's populace even still they had no rights (seeappendix one). The Unionist North numerous individuals trusted it was indecent toown another person. These individuals were called Abolitionists. The Southrelied emphatically on the slave exchange and when the North talked about abolishingit, the South discussed framing there own nation, The Confederate states ofAmerica. The South started to see that the North was going to take actionagainst the South's unfeeling slave strategy. In mid 1860, South Carolinaformed under another banner, Confederate States of America banner, so that theycould keep on working their slave exchange. What followed was an ordinanceof progression which saw the other slave populated states additionally swear an oathto the Confederate States of America, likewise with the goal that they could continuetheir slave exchange. This circumstance was seen as unwor kable and it dividedthe nation in two. So in the expressions of Abraham Lincoln, 'A house divideagainst itself can... Free Essays on Civil War Presentation: The American Civil War was a war battled inside the United States of America between the North (Union) and the South (Confederacy) beginning from 1861 and finishing in 1865. This war was one of the most dangerous occasions in American history, costing in excess of 600,000 lives. It was believed to be one that helped shape the character of the American individual today. From the Southern perspective, this war was a War of Rebellion, or a War for Southern Independence. From the Northern perspective this war was viewed as an insurgency. This deplorable war began because of numerous long periods of contrasts between the Union and the Confederacy. It ejected after numerous long stretches of contention developing between the two districts. Between the North and the South there lay profound monetary, social and political contrasts, however comprehend that Slavery was the base of reason for these distinctions. II. Social Causes There were numerous elements that added to the beginning of the Civil War. Socially, the North and the South were based on various measures. The South, or the Slave States, was a slave-based network that followed a class-based framework. This framework comprised of nobility. Causes: World War I was promptly encouraged by the death of Archduke Francis Ferdinand of Austria-Hungary by a Serbian patriot in 1914. There were numerous elements that had driven toward war. Noticeable causes were the imperialistic, regional, and financial competitions that had been strengthening from the late nineteenth century, among Germany, France, Great Britain, Russia, and Austria-Hungary. Of equivalent significance was the wild soul of patriotism, particularly disrupting in the domain of Austria-Hungary and maybe likewise in France. Patriotism had brought the unification of Germany by ââ¬Å"blood and iron,â⬠and France, denied of Alsace and Lorraine by the Franco-Prussian War of 1870-71, had been left with its own nationalistic clique s... Free Essays on Civil War Some time before the Civil War the mis-training of Negroes started. Evangelists were sent south to instruct liberated slaves and schools started to structure. As opposed to enable the Negroes to create they rather set out to change them into what they needed them to be, permitting them to learn what they needed them to learn. Liberated men who viewed themselves as knowledgeable trained other liberated men, yet had no educational program other than that made by whites for whites instructing Negroes away from that point history. Negroes were kept separate from all instructive educational program but to denounce them or depict them as savages. Whites were hard to loathe Negroes and Negroes were educated to feel second rate compared to whites. Negroes were not permitted there legitimate spot in Science not telling understudies that old Africans knew adequate science. Not enlightening them regarding how they made toxic substances for there arrow points and blended hues to make paint. They forgot about Negro innovators through and through frequently claming there developments as there own. Negroes were never educated about what they brought over from Africa, there thoughts or there impacts. Nothing was instructed about African language and in writing the Africans were never referenced. Negro specialists were encouraged that they were transporters of germs, for example, syphilis and tuberculosis which started as a white man maladies, yet since they had not built up an invulnerability to postulations sicknesses yet in turned out to be wide spread among the Negro people group . Negro legal counselors were instructed that they had a place with the most crook component in the nation. The Supreme Court allowed the legal invalidation of the fourteenth and fifteenth amendment. In history the Negro was depicted as having no idea and nothing to contribute. Nothing was ever educated about how they were the first to tame sheep, cows and goats or how they were the first to present preliminary by jury. Negroes have been shown theories things for such a long time that they have gotten lost
Friday, August 21, 2020
Essay Topics That You Can Choose From
Essay Topics That You Can Choose FromIf you are looking for ways to get started in essay writing, you should consider taking the time to learn about the different types of topics that can be tackled in a particular topic area. Some people want to write about a wide variety of topics, while others only need to write one or two. In order to choose the topic that will provide you with the best chances of making it through a class, it is important to choose a topic that you feel comfortable with.Students often choose essay topics that they find interesting, as well as ones that they have been studying. One of the best ways to get started is to make a list of topics that you are interested in and then find one or two different essay topics that will give you the opportunity to cover the topics on your list. The best way to choose these topics is to take the time to think about what you are interested in, and make note of all of the important things that you think will apply to the topic.A s you are thinking about these topics, it is important to remember that there are some things that you cannot change, and that you will need to put in your own ability and experience into your writing. One of the things that you should remember is to make sure that you use your first-person pronouns when writing about yourself. While this is not always a good idea, it is essential that you remember to do so if you want to avoid some difficult situations down the road.If you cannot find essay topics that you like, there are a few other things that you can do. One option is to ask your professor for help, and work with them to come up with topics that you can write about. This is usually a good choice because it allows you to be more involved in the process and to get to know your professor.Another option is to find a topic that is commonly used in other essays. For example, if you are writing an essay on leadership, you might consider writing an essay on business leadership. Keep in mind that while this option may seem like it will be easier to get started on, you may not feel comfortable with it later on, and it is definitely not easy to put your own ideas into words.If you feel like you cannot figure out what to write about in your essay, you may want to read up on a few topics. This is a great way to get the feedback that you need and will give you an idea of how to make a good topic. After you have looked at a few different topics, you will be better prepared to decide which one to write about in your own essay.Once you have decided what topic to write about, it is time to start writing the paper. When you are writing the essay, make sure that you stay focused and don't get distracted by many other things going on in your life. As long as you remain focused and remember to keep your goals in mind, you will be able to complete this assignment successfully.As long as you are clear about your main purpose for writing the essay, it will be easier to get through the course. While it is important to remember that you should have a good foundation, you should also make sure that you are having fun while you are learning. Taking the time to study and think about the best ways to approach each subject is definitely a good thing, and can give you a better chance of finishing your college course.
Monday, May 25, 2020
Poe s Impact On American Literature - 2134 Words
Poeââ¬â¢s Impact on American Literature One very in particular author and poet whose works we can find throughout our American Literature textbooks is Mr. Edgar Allan Poe. Edgar Allan Poe wasnââ¬â¢t your average author especially not during his time. Poe was famously known for his dark, mysterious, and macabre writings, poems, and short stories. Many people believe that his stories and their story lines came from tragic events that had happened in his life. Thereââ¬â¢s no doubt Edgar Allan Poe had a different style poetry and a mind of his own, but his work had a powerful impact on the nineteenth century and brought a new style to American Literature. Edgar Allan Poe was born on January 19th of 1809 in Boston, Massachusetts to his parents Eliza and David Poe Jr. Poeââ¬â¢s mother was actually an American actress and later died two years after Edgar was born on December 8th, 1811. After the death of his mother, Edgarââ¬â¢s father left the family high and dry, which to th en Poe and his siblings found themselves orphans and were split up between different foster families. Edgar was placed with the Allen family, to which the family decided to give him there last name also. Poeââ¬â¢s new foster father, John Allan, worked as an tobacco merchant so the family found themselves having to move to England for his work where they stayed for a few years and Edgar started school. After the crash of the tobacco market in England, the Allan family were forced to pack their bags and relocate to Virginia, forShow MoreRelatedAnalysis Of Edgar Allen Poe s Influence On American Literature878 Words à |à 4 PagesWhen thinking of American literature, itââ¬â¢s difficult to pinpoint an author who absolutely hits the nail on the head about what exactly defines American literature and what it means. The definition is also liable to change depending on the personââ¬â¢s depiction of each story that is written. You simply cannot wrap it up into one sentence and call it a concrete definition; there is too much diversity and complexity within its significance. There are also numerous centuries with different eras that allRead MoreEdgar Allan Poes Impact on American Literature1379 Words à |à 6 PagesEdgar Allan Poe is one of the most influential writers of the horror genre in American history. His horror stories have impacted numerous authors and their stories over the years. Various people have tried to copy his way of writing style, but they have failed to achieve the success he did. Even though Poe is no longer living, his impact on American literature can still be felt today. Edgar Allan Poe was born in Boston, Massachusetts on January 19, 1809. Even though Edgar Allan Poe did not growRead MoreAnalysis Of Edgar Allan Poe s The Raven And The Fall Of The House Of Usher 896 Words à |à 4 PagesEdgar Allan Poe is an extremely well known American writer and is famous for his horrific and mysterious works such as, ââ¬Å"The Ravenâ⬠and ââ¬Å"The Fall of the House of Usher.â⬠Poe was born in 1809 in Boston, Massachusetts in an era that seems to have many dark and ominous writers and pieces of literature originating from that time period. Poe is said to have launched the interest in many of the detective type stories that we read from modern day writers. ââ¬Å"In the early 1800s, romanticism was the dominantRead MoreAnalysis Of Edgar Allan Poe s The Raven1232 Words à |à 5 Pages Edgar Allan Poe: The Raven Literature is a very powerful tool that is used to make a huge impact on society or in someoneââ¬â¢s perspective. As complex as the world, literature can appear in many forms using unique vernacular that expresses human endeavors. In some cases, social reform is Transcendentalism is an American literary, philosophical movement, promoting the idea of independent progress. The central idea is the optimistic viewpoint of humanity. People, men and women equally, have knowledgeRead MoreEdgar Allan Poe, An American Writer, Editor And Literacy Critic1297 Words à |à 6 Pages Edgar Allan Poe, an American writer, editor and literacy critic, also known for his dark, deranged poetry. Poe was born in Boston, Massachusetts on January 19th, 1809 and passed away at the early age of 40, on October 7, 1849. In adolescence, he was abandoned by his father at the age of 2, a year after his mother died and Poe was left orphaned. John and Frances Allan soon took in Poe, they never fully adopted h im but he was treated as if he was their own. As Poe was starting post-secondary schoolRead MoreGothic Literature : `` Tell Tale Heart `` And `` The Raven ``1698 Words à |à 7 PagesBrendan Pulido American Lit Mr. Bartelt 2/21/17 Gothic Literature Gothic Literature has been around since the late 17th century, slowly progressing in popularity until the mid 19th century where it had much success demonstrated through Edgar allan Poe. Edgar Allan has a number of common Themes, motifs and structures that make his work easily recognizable and more importantly, fits his stories into the classification of the gothic. Among these elements, they include the theme of death and decayRead MoreSymbolism And Charm : How Poe Accomplished His Peculiarity1153 Words à |à 5 PagesStrangeness and Charm: How Poe Accomplished his Peculiarity Though Poe s fame rests primarily on his brilliant short stories, he is also a primary figure in the field of literary criticism. His story-bound ingenuity is met by his theoretic advances, which not only supplied a reasoning for his creation of the genres of science fiction and the detective story, but also endeavored to form a tradition of uniquely American literary criticism that would free the American literary world from its colonialRead MoreThe Raven A Man By Edgar Allan Poe1737 Words à |à 7 PagesRomanticism has dated back since the 1780ââ¬â¢s, the literature behind Romanticism is full with emotion, passion and wildness. The characters in these passages are very distinguished, they are also iconic. The stories are usually set a unknown place for example in a castle or in the woods, or they are set in a known place where something is out of the ordinary. There is something supernatural going on within the passage of writing. There are many thing that happen in the story that doesnââ¬â¢t happen inRead MoreAnalysis Of Edgar Allen Poe s I Have No Faith 1721 Words à |à 7 PagesEnglish Wentworth 9 June 2015 Edgar Allen Poe ââ¬Å"I have no faith in human perfectibility. I think that human exertion will have no appreciable effect upon humanity. Man is now only more active - not more happy - nor more wise, than he was 6000 years agoâ⬠(Edgar Allen Poe, Letter to James Russell Lowell, 2 July 1844). American literature is one of the most important parts of our history. From books to give us knowledge, to poems to inspire us, literature has helped shaped society. People today nowRead MoreInfluence Of A Life By Richard Connell And Edgar Allan Poe1600 Words à |à 7 PagesThe Influence of a Life Richard Connell and Edgar Allan Poe, two of the most famous authors at the time, are recognize by the different types of literature they wrote. Several of these pieces are still popular today. In many cases the life of the author can impact the different themes, or the techniques they use in their stories. Richard Connellââ¬â¢s and Edgar Allan Poeââ¬â¢s backgrounds reflects in the writing techniques they used to captivate their audience. Biography of Richard Connell The famous writer
Friday, May 15, 2020
Events Leading to the Cuban Missile Crisis - 1579 Words
Cuba, a country just south of the United States of America, was the center stage of events leading up to the Cuban Missile Crisis. Actions attempted by Presidents John F. Kennedy and Dwight D. Eisenhower prior to the crisis gave incentive to the Soviet Union and Cuba to agree to place missile installations in Cuba. The Cuban Missile Crisis was an incident that might have potentially led to a third world war because of the already heightened tensions between Cuba and the U.S. - but this time with ever more destruction owing to the role of weapons of mass destructions involved. The U.S. played a very crucial role in leading up to and then eventually resolving the crisis. It all took place during the Cold War. Fulgencio Batistaââ¬â¢s government before the Cuban Revolution was ineffective, incompetent, and dishonest. Batista ruled over Cuba as a dictator leading to dissent and widespread corruption in Cuba with the gap between the upper and lower classes very wide. Businessmen mostly associated with the American mafia established operations in Cuba. ââ¬Å"The U.S. State department was more concerned with Cubas stability and continued supplies of sugar than with the prevalence of graft and corruption.â⬠The government of that time was serving the interests of US mostly and the interests of those ruling Cuba at that time as explained by the fortunes amassed by Batista et al, part of which was money deposited by Mafia figures such as Meyer Lanski. (Diaz-Briquets and Perez-Lopez 77) TheShow MoreRelatedCuban Missile Crisis : Nature Of The Cold War1092 Words à |à 5 PagesCOLD WAR ASSIGNMENT (Cuban missile crisis) Nature of the Cold war The cold war was a clash between two superpowers with competing ideologies, or sets of ideas. Although they had been allies against the common enemies of Germany and japan during World War 2, both sides distrusted each other. After the war this distrust evolved into a long term hostility. This era was called the ââ¬ËCold warââ¬â¢ because the two superpowers never directly assaulted each other. This war was very political as it was foughtRead MoreThe Cuban Missile Crisis as a Turning Point in USA and USSR Essays1009 Words à |à 5 PagesThe Cuban Missile Crisis as a Turning Point in USA and USSR The Cuban Missile Crisis was indeed a turning point in USA and Soviet relations during the Cold War. The event stands in history as one that nearly brought humanity to the brink of destruction and is known as perhaps the single greatest political battle between the two superpowers, the world has ever seen. It also started a dà ©tente that which instigated an end to the arms race between the two nations. FollowingRead MoreThe Cuban Missile Crisis Essay1292 Words à |à 6 Pagesinevitable to the world, it was the first time nuclear war was hanging on a thread. The Cuban Missile Crisis presented a threat to the world, in which the USSR planted nuclear missiles on Cuba. Americaââ¬â¢s response was to threaten launching nuclear missiles at the Russians. This incident launched the world into a new time, which presented nuclear weapons as a source of power. The incident of the Cuban Missile Crisis still connects with us today because the power nuclear weapons present, which providesRead MoreJordan Belleman. Ms. Verdino Ms. Kingmr. Muraco . Social1461 Words à |à 6 PagesStudies 801 12 May 2017 The Cuban Missile Crisis ââ¬Å"The most terrifying moment in my life was October 1962, during the Cuban Missile Crisis. I did not know all the facts we have learned only recently how close we were to war but I know enough to make me trembleâ⬠(Joseph Rotblat). During the Cuban missile crisis, leaders of the U.S. and the Soviet Union engaged in a tense, 13-day political and military standoff in October 1962 over the installation of nuclear-armed Soviet missiles on Cuba, just 90 milesRead MoreEssay about The Cuban Missile Crisis897 Words à |à 4 PagesThe Cuban Missile Crisis In 1962, an American spy plane discovered the Soviet nuclear missile bases in Cuba. Castro had turned to the USSR for military assistance in fear of a US attack. It was the sighting of these missile bases that marked the beginning of the Cuban missile crisis. There were many reasons why the Cuban missile crisis came about, and undoubtedly the USSR and Americas history played major roles in the coming about of this incident. The SovietRead MoreThe Cuban Missile Crisis : The Bay Of Pigs Invasion1272 Words à |à 6 PagesProceeding to the Cuban Missile Crisis, American relationships with Castro were previously tense by the Bay of Pigs invasion (1961) where the United States made an unorthodox action towards Cuba by financing and sending insurgent Cubans to help aid in overthrowing and attacking Castroââ¬â¢s supporters and Castro himself0000000. The Bay of Pigs was unsuccessful. This eventual lead to Castroââ¬â¢s joining with communist Soviet Union and leaving Castro cautious of American plans for Cuba. Castroââ¬â¢s suspicionsRead MoreCuban Missile Crisis Essay1314 Words à |à 6 Pagesnuclear war. This event is known as the Cuban Missile Crisis. This event was the closest to nuclear war then world has ever gotten since the US dropped the nuclear missiles on Hiroshima and Nagasaki. The USSR had been shipping nuclear missiles to Cuba to deter the threat of the nuclear missiles that could hit th e USSR that were in Turkey and Italy. Cuba is a repressive communist society just like the USSR, and it was close enough to the US to hit any major city with the nuclear missiles. In order to protectRead MoreFidel Castro And The Cuban Revolution943 Words à |à 4 PagesThe infamous Cuban dictator, Fidel Castro was born on a farm on August 13,1926 and he is currently 89 years old. He was the third child out of six. His full name was Fidel Alejandro Castro Ruz Fidel Castro. He was not born into a poor family, his father Angel happened to be a very wealthy sugar plantation owner. At the time Cubaââ¬â¢s economy was not thriving, but Castro still grew up in wealthy conditions. He went to a private boarding school to receive his education. There he became a star studentRead MoreKhrushchev s Influence On America1543 Words à |à 7 Pageshis time as leader, Khrushchev took part in many events that defined the climate of the Cold War. In the Berlin Crisis, where a significant number of people were leaving East Berlin for West Berlin, Khrushchev played a key role by demanding Kennedy attend a meeting to discuss the problem, and subsequently disrespecting the young president. Later on, in the Cuban Missile Crisis, where an American U-2 Spy Plane discovered offensive nuclear missiles in Cuba, Khrushchev further complicated the dire situationRead MoreFidel Castro Is The Man Associated With The Failure And1037 Words à |à 5 Pagesis the man associated with the failure and success of Cuba throughout the 20th Century. This essay will explore his role and influence in one of humanity s darkest moments, the Cuban missile crisis, which was a defining moment in Castroââ¬â¢s political life. As the leader of Cuba during the Cold War and Cuban missile crisis, he was responsible for defending Cuba sovereignty and interests amongst the superpower - the United States and Soviet Union. Memoirs would argue that former US President Kennedy
Wednesday, May 6, 2020
The Underground Man By Fyodor Dostoyevsky - 875 Words
Fyodor Dostoyevskyââ¬â¢s novel, Notes from the Underground Man, uses the idea of a modern dystopia by depicting a story that revolves around a distressed older man. Throughout the novel, the main character has a narcissistic belief that he is better than everyone else because of his acute sense of consciousness. His awareness however, also causes him to believe not only are people ignorant to the world around him but that they are also against him. In contrast, critics believe that the main character, the underground man, actually suffers from psychological disorders that causes him to reason this way. Psychological disorders are defined as a wide range of conditions that can affect mood, behavior and thinking, and based on his conduct in the novel, the underground man presents himself as an individual who is subjected to obsessive compulsive behavior, social repression and paranoia. Obsessive compulsive behavior is often characterized as a common, chronic and long-lasting disorde r in which a person has uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions). The underground man illustrates this disorder when he describes his encounter with a police officer one night at a tavern. He witness two men fight with billiard cues and felt the urge to be a part of their brawl. He stands in the tavern and waits for someone to initiate a confrontation with him, meanwhile he blocks a main pathway in the tavern. An officer attempts in passing the undergroundShow MoreRelatedThe Underground Man By Fyodor Dostoyevsky952 Words à |à 4 PagesIn Notes from the Underground by Fyodor Dostoyevsky, the underground man is a man who is ââ¬Å"living out [his] life in a [his] cornerâ⬠(2) and is paralyzed by consciousness. The underground man proposes the example of revenge as a way to examine the differences between himself and the man of action; the man of action being a man who can act as opposed to the paralysis of the underground man. The man of act ion can act, but his position is inconsistent. The underground man thinks he will be miserable regardlessRead MoreUnderground Man By Fyodor Dostoyevsky1453 Words à |à 6 PagesFyodor Dostoyevsky paints Underground man as someone who is tortured in his novel Notes From Underground. Despite everything that Underground man says he is lost and has no sense of his identity. When the character of Liza is introduced the reader gains some hope that the Underground man can find love. Although Underground man ultimately pushes Liza away, he really loved her through his own idea of love. Underground man shows this love for her through his first conversation with Liza, his tryingRead MoreNotes from the Underground by Fyodor Dostoyevsky1616 Words à |à 7 PagesFyodor Dostoyevsky (1821-1881) was a Russian novelist, journalist, and short story writer that discussed the psychological state of the human soul in many of his works, one in particular is Notes from the Underground; which was publish ed in 1864. Notes from the Underground, had a great influence in the 20th century; the novel takes a manââ¬â¢s inability to communicate with society and uses it to teach readers about the importance of other humans in our daily lives and how that affects the way we thinkRead MoreThe Underground Man Essay971 Words à |à 4 Pagesfrom the Underground is a novel written by Russian author Fyodor Dostoyevsky. In this book, Dostoyevsky illustrated his ideals through the words of his literary protagonist, the Underground Man. The Underground Man strikes the readers as a person , and one of the things that he abhors was the way in which progressive thinkers of his era worship reason. This was amusing because at the same time, he does not entirely reject reason. From analyzing the text, it is apparent that the Underground Man valuesRead MoreNotes From The Underground by Fyodor Dostoyevsky577 Words à |à 2 PagesThe Underground Man is alone because he has chosen to be; he is hyper-conscious, meaning he is too aware and over analyses everything ââ¬â his biggest worries are petty compared to what is going around him. As a society, we worry so much about ourselves and our own persona, we sometimes become paranoid. A perfect example is given when the Underground Man is on the verge of having dinner with his old comrades and he notices a stain on his trousers ââ¬Å"The worst of it was that on the knee of my trousersRead MoreThe Themes of Dostoyevsky2976 Words à |à 12 Pages The Themes of Dostoyevsky Fyodor Dostoyevsky, born in 1821, would become one of the greatest writers in Russian literature. Fyodor received an education in engineering in St. Petersburg, but decided to follow a literary career. He was a person who wrote how they felt about certain topics, and felt that everyone should know about the government. Dostoyevsky joined the underground group, the Petrashevsky circle, the to bring out the truth in these books, which were forbidden in the public. ThroughRead MoreEssay about Fyodor Dostoyevsky636 Words à |à 3 PagesFyodor Dostoyevsky à à Fyodor Dostoyevsky (1821-1881) was one of the greatest Russian novelists to ever live. There are so few authors, as Dostoyevsky was, who have had such a great impact on 20th century western literature. His works analyze social, moral, political, and psychological aspects of mankind. à à à à à Dostoyevsky was born in Moscow in 1821. Much of Dostoyevskys life experiences, especially early on, provided much influence for his writings. Dostoyevskys determinationRead MoreKnowing Is Better Than Not Knowing1676 Words à |à 7 PagesKnowing is Better than Not Knowing Fyodor Dostoevskyââ¬â¢a novel ââ¬Å"Notes from Undergroundâ⬠is known for being the first existentialist novel. A 40 year old man living in St. Petersburg, Russia known as the Underground Man works as a civil servant, but retired shortly after inheriting money from a distant relative. The Underground Man introduces himself by telling the reader, ââ¬Å"I am a sick man. ... I am a spiteful man. I am an unattractive manâ⬠(1). He also says he could never be spiteful and how he couldRead More Humanitiesââ¬â¢ Irrational and its Effects on a Utopian Society1690 Words à |à 7 Pagesrecognition that the irrational is there, that it must be controlled to take over. Manââ¬â¢s aggressive nature does tend to overpower the mind, leading to irrational actions. Both Freudââ¬â¢s Civilization and its Discontents and Dostoyevskyââ¬â¢s Notes from Underground show how humans are controlled by their irrational drives and that, as a result, the attempts to create a utopian so ciety are futile. To take a different view of the irrational actions in humans, a cinematic frame of reference was introduced, JossRead MoreDostoyevsky ââ¬ËNotes from Undergroundââ¬â¢ Critique Essay1586 Words à |à 7 Pagesââ¬Å"Notes from Undergroundâ⬠was published in 1864 as a feature presentation of his first 1860 issue ââ¬Å"The Epochâ⬠. ââ¬Å"Notes from Undergroundâ⬠was written by the author during a time when he faced many challenges in his life. Dostoyevsky faced failure in the publishing of his first journal ââ¬Å"Timeâ⬠, his financial position was becoming weaker and embarrassing. Moreover, his wife was dying and his conservatism was eroded leading to a decline in his popularity with the liberal reading Russians and consequently
Tuesday, May 5, 2020
Global Financial Mechanisms Montreal Protocol â⬠MyAssignmenthelp
Question: Discuss about the Global Financial Mechanisms Montreal Protocol. Answer: Introduction International business defines the business activities, which involve cross-border transactions of goods and services between two or more than two countries. Due to liberation, open market and freedom of conducting business, most of the organizations are highly inclined towards operating business in international markets (Christiaens et al., 2015). In such situation, financial management is the most important aspect for every internal business organization. The success of an international business is highly dependent on effective international financial management. International financial management is extremely important for an international organization, which helps in trading and making money through exchange of foreign currency (Cremers et al., 2016). Proper international financial management assists in maintaining the international organization financially stable through properly dealing with different currency, different political situation, diversified opportunity and imperfec t markets. Such financial management also contributes in currency derivatives, multi-currency bonds, cross-border stock listing and international mutual funds. While considering the international financial management in New Zealand, it can be found that the organizations of this country are adopting several effective finance options for proper managing the financial status in international markets. Free trade agreement and open marker of business have encouraged the organizations in going beyond their domestic boundaries and operate internationally (Demir Bahadir, 2014). Moreover, the organizations of this country adopt alternative paths towards globalizing the cost and availability of capital. They often issue international bonds as debt investment for raising capital in operating international business. Apart from that, the organization also utilize equity listing for selling shares to public for managing their international financial status through raising capital from the foreign public for operating international business. On the other hand, the organizations often issue Euroequityin foreign markets for raising capital from the public . Such options help the international organizations of New Zealand in effective international financial management. This study will discuss the international financial management of Dantata, which is an automotive organization listed on both Australia as well as USA. Now, the organization is going to construct a new manufacturing plant in India. The study will evaluate and discuss various business finance options for the organization towards raising capital for constructing the new manufacturing plants. The study will also provide a critical risk analysis for the organization through sensitivities, foreign exchange and political risks associated with project execution. At last, the study will also provide some recommendation to the organization through SAMRT objectives towards effectively managing the international financial management for its new project in India. Business Finance Options Banking can be an effective option for Dantata for financing its new manufacturing plants in India. In India, the organization can get both options like working capital loans and funding. According to Alexander et al. (2014), in working capital loans, the Indian banking institutes offer loans for running one complete cycle of revenue generating operations. On the other hand, in funding option, the baking institutes of India allow the business organization to share their business plan, valuation of the business and project report for sanctioning the business loans. Therefore, Dantata can avail options for two of loan options for establishing their new manufacturing plant in India. Furthermore, Richards and van Staden, (2015) opined that one interesting driver for banking options in India is collateral free business loans offered by some banking institutes. Moreover, some Indian Lending business banks like HDFC, Baroda, Axis and ICICI have more than 7 to 8 different options for collate ral free business loans. In such options, Dantata can even get loan approval without sharing the inventory of the business. Stent et al. (2017) pointed out that with the developing economic condition of India, the business organizations can avail bank loans from the Indian banks even at less interest rate. Moreover, the average interest rate range for business loans in Indian banks is between 10%-20%. Therefore, Dantata cab avail adequate business loans with quite less interest rate. On the other hand, India is full of banking finance options, where numerous banks provide easy and flexible business loans options. Moreover, Dantata can easily avail business loans for new manufacturing plants from the Indian banks like State Bank of India, ICICI Bank, HDFC Bank, Kotak Business Loan, Tata Capital, Yes Bank and many more. Advantage and Disadvantage of Banking Option Martnez?Ferrero and Fras?Aceituno (2015) pointed out that banking loans are always available in Indian banks, as the banking institutes must need to keep their depositors money working and earn more interest than the banks pay to its depositors. Therefore, Dantata can avail their business loans for new manufacturing plants in India whenever required. On the other hand, Attig and Cleary (2014) opined that borrowing too much amount of business loans can lead to decreased cash flow for the business. In this way, it can hamper the business success of Dantata in Indian market. Furthermore, Jiang et al. (2013) opined that the interest generated in business bank loans is tax deductible. Therefore, it can help the organization in reducing overall organizational cost. Furthermore, in case of fix rate loan, the loan servicing payment remains same throughout the life of the loan. Therefore, it will become easy for Dantata towards calculating the budget for monthly loan payment. However, in orde r to get low cost loans, Dantata must have a good credit score, which can be challenging for it. After deciding on the type of banking loans required by the organization, it must know the scores of the business. Moreover, the organization will need to calculate credit score, time in business, debt to income, repot on industry risk and report on cash flow. After this, the organization will need to prepare the loan application package and submit to the concerned lending bank (Zhang Elmaghraby, 2014). The documents mostly required with the loan application form are detailed business plan, financial results and projection and tax return. Based on this information, the lending bank will sanction the specific business loan and sent a loan approval letter to the organization. The organization can soon avail the bank loans after receiving this loan approval letter. Equity financing can also be an efficient business financing option for Dantata in Indian market. In such financing option, organizations issue shares, which are mostly offered for sales towards raising share capital. Share is the indivisible unit of capital, which expresses the relationship between the shareholder and the corporation (Enqvist et al., 2014). Unlike repaying the invested amount of the shareholders, the organizations mostly share the amount of profit with shareholders in future. Therefore, the more Dantata will be able to sell its share to the investors, the more it will be able to raise finance for successfully running the new manufacturing plant in Indian market. According to Karadag (2015), India is considered to be a strong stock market, where stock prices are gradually rising and the confidence of the investors is also growing. The investors optimism is also associated with economic boom of Indian market, where the investors can easily expect profit of a particular industry. In this way, the positive sentiment of the investors has led to bull market in Indian stock market. Therefore, Dantata can easily sell huge share or stock to the investors for raising its share capital for new manufacturing plant in Indian market. On the other hand, Gerschewski and Xiao (2015) opined that wide industry growth of automobile market and growing economic condition of India can boost the equity financial options of an organization. The organization can also sell its share to the venture capitalists and angel investors for raising its share capital. National Stock Exchange represents 62% of the market capitalization in Indian stock market, which is around US $1.41 trillion (Zaman, 2017). Bombay Stock Exchange has also grabbed considered amount of Indian stock market, which can encourage Dantata for equity financing towards raining capital. Advantage and Disadvantage of Share and Stock Lantto (2014) pointed out that organizations have no obligation to make interest payment or repaying the equity to the initial investment of the investors. Unlike debt capital, equity capital does not require periodic interest payments and repaying to the borrowing money. Therefore, Dantata do not have to bother about repaying the investors. However, Kollmann, (2013) opined that with every share of stock, an organization reduce its ownership stake in its business. Therefore, Dantata can gradually lose the control on their business in such financing option. After analyzing the business funding needs, the organization can issue equity shares for sale to the public. It can issue its shares in Indian stock market both through Bombay Stock Exchange and National Stock Exchange (Nielsen Roslender, 2015). After that, the organization can find the investors like venture capital, angel investors, business owners and event family and friends. Moreover, the organization will need to gain the confidence of the investors in a persuasive way through providing right valuation of the business. The organization will need to convince the investors through projected business growth and specific intent of capital. Furthermore, the organization can also require negotiating with the investors in regards to profit sharing in future. Private financing can be an effective business finance option for Dantata towards funding the new manufacturing plant in Indian market. The organization can successfully use this financial option in the crisis time, when it fails to get loan approval from major financial lending institutes. In such situation, the organization can easily avail business loans from private loan lenders of India. The parties of private loan lenders are even willing to advance unsecured private loans for running business. According to Bruton et al. (2015), the private loan lenders are emerging at a higher rate in Indian market. Moreover, most of the secure and reputed private loan lenders are established in the cities like Delhi, Mumbai, Kolkata, Bangalore and Chennai. Therefore, Dantata can easily avail private loans for private financing for their new manufacturing plant in India. Advantage and Disadvantage of Private Finance According to McLean and Zhao (2014), private financing options can be advantageous for business funding even in the crisis time, when it gets failed in availing bank loans or any loans from large financial institutes. Therefore, Dantata can definitely be assured upon this financing option for gathering business funding for their new manufacturing plants in Indian market. However, Al-Najjar (2013) opined that the unsecured business loans can lead to legal complication for an organization. Therefore, it can be risky for Dantata in terms of raising capital. In private finance, the organization will need to give loan application to the concerned private financing organization. Moreover, the organization requires qualifying the criteria set for getting loans from the private financing options. Based on the details of the business valuation, the private loan lending companies will sanction the application of the loans (Syriopoulos et al., 2015). In this way, Dantata will gather its business funding for its new manufacturing plant in India. Public deposit can be an extremely important option for Dantata for raising its capital for new manufacturing plant in India. In this business finance option, the organization can invite the shareholders, employees and even the general public towards depositing their saving in its business. Moreover, such financing option can be used for meeting the short-term and long-term financing needs of the organization. The investors in return get the interest generated from their deposited money. According to Boso et al. (2016), growing industrialization of automobile industry has increased the optimism of the depositors in this industry. Therefore, increasing confidence of depositors in Indian Market can drive the scope public finance for Dantata. On the other hand, Kroes and Manikas, (2014) opined that Indian public can avails much higher interest rate in the public deposit option than the banking interest. Therefore, there is a growing interest of public deposit among the Indian public. Th erefore, such growing interest of public towards public deposit can drive Dantata towards choosing this option as their business finance option for new manufacturing plant in India. According to Da Gbadji et al. (2015), organizations need to pay quite less interest rate to the depositors than it has to pay to the bank as banking interest. Furthermore, issuing public deposit is quite less expensive than issuing share to the public. Unlike equity finance, such option does not also provide any kind of ownership to the depositors. Dantata can gather adequate finance for its new manufacturing plant in India with less cost. However, Ramiah et al. (2014) opined that Indian government has fixed the public deposit period up to 3 years only. Therefore, this finance option can be available for shorter period for Dantata. Process Involved in Public Deposit The organization can invite any public, employee or shareholder for depositing their savings in their business. The members can easily fill up the fill up form and deposit money with the organization. The organization will in return issue a deposit receipt, which is an acknowledgement of debt by the organization. The rate of interest in public deposit will be dependent on the period on the deposit. The organization will be allowed to invite public deposit for only six months to 3 years period. However, the depositors can renew their deposit time to time. The organization will require setting aside 10% of deposit maturing by the end of year. Initial Public Offering can be an effective funding option for Dantata for raising capital in Indian market for the first time just after entering into the market. In such business finance option, the organization can offer its share to the public for the first time. The organization can avail adequate funding for its new manufacturing plants in India through selling their shares to the public for the first time. According to Sorrentino and Smarra (2015), the qualified institutional portion of public issue continues to be oversubscribed. It assures attractive return for the investors in future. Therefore, the organization can avail huge numbers of investors for raising large amount of funding for its new manufacturing company in Indian market. On the other hand, Enomoto et al. (2015) opined that Government initiatives of Indian towards divesting its holding in the public limited companies encourage the investors in investing in public limited companies. Therefore, the company will be able to raise adequate amount of funding for its new manufacturing plant through offering public shares initially. Moreover, the initial public offering activity has headed a record in India in this year. It has exceeded the target of USD 5 billion. Therefore, such trends and positive market sensitivity will also facilitate in encouraging the public towards purchasing the initial shares of the organization. Advantage and Disadvantage According to Razman (2015), in IPO, a publicly listed company can have large and diverse group of investors towards raising capital. It can also provide the organizations a lower cost of capital. Furthermore, unlike other finance options, IPO can help an organization beyond just raising fund and increase it towards increasing its exposure, public image and prestige to the public. Therefore, Dantata can successfully use this finance option for raising its capital for new manufacturing plant in India and enhance its public image to public. However, Tseng et al. (2015) opined that IPO can lead to increased risk of legal and regulatory issues in terms of listing in government list of the country. Furthermore, the funding may not be raised, if the price of IPO is not accepted by the public. While considering the process of IPO, the organization fist has to be listed in the government list of India for issues Initial Public Offering. The issuers mostly obtain assistance of an underwriting firm towards determining the types of security, best pricing and the amount of shares to be issued and the best time issue share in the market. The financial statements of the organization are submitted for official audit towards getting approval of issuing shares to the public (Islam et al., 2015). Merger and acquisition can an extremely important business finance option for Dantata towards raising capital for its new manufacturing plant in India. Moreover, the organization can be merged with any reputed automobile company in India for getting shared access the vital resources of the merged companies (Allen et al., 2014). Moreover, the organization will have the authority to use the financial funding of the merged company. Therefore, in merging option, the organization can realize higher revenue than if it operates separately in Indian market. According to Terjesen et al. (2016), the international investors and business houses are expecting India with a hope of tremendous growth. Moreover, the ease of foreign direct investment can also encourage the company in opting for merger finance option for its new manufacturing plant. On the other hand, the organization can also raise its capital through acquisition financing. In such financing option, the organization can get access to the financial funding of the acquired firms for operating new manufacturing plant. Cheng (2015) pointed out that there are several Indian companies, which need has great potential to grow. Such companies may drive Dantata towards taking over those potentially growing companies towards raising capital for their new manufacturing plant. Furthermore, the growing value of merger and acquisition in India encourage the organization towards opting for this option towards raising capital. Advantage and Disadvantage of Merger and Acquisition According to Fraser et al. (2015) merger finance option can assist an organization towards utilizing the financial resources of the merged company. Moreover, it can be the best option for penetrating foreign market with having huge market knowledge. On the other hand, Baos-Caballero et al. (2014) opined that acquisition option assist an organization towards raising huge capital of acquired company and getting expanded market reach. However, Razman (2015) opined that the new company after merger and acquisition may experience diseconomies of scale because of its increased size. While considering the process involved in merger and acquisition, the organization needs to develop merger and acquisition strategy. After that, the organization needs to set the criteria for merger and acquisition and search for target. In the next process, the organization requires to perform value analysis and negotiation with the target company for planning the merger and acquisition. After all these, the organization needs a due diligence for ensuring the financial position of the target company and purchase and sale contacts towards framing financial strategy. Dantata can also opt for issuing Eurobond for raising adequate capital for constructing new manufacturing plant in India. Eurobond is actually denominated in a foreign currency and not in home currency. The issuance of the bond is usually handled by international financial institution for the borrowers. In such business finance option, the Dantata can issue bonds in the Australia or USA, but the denomination of the bond will be in Indian currency. Moreover, the organization will invite the people in Australia or USA having Indian account. The capital raised from those migrant people will help the organization in funding the new manufacturing plant in India. According to Da Gbadji et al. (2015), 15.7% of Australian populations are Indian migrants, which can increase the scope of issuing Eurobonds in the country. Furthermore, 2.4 million people in USA are Indian migrant, which can also increase the scope of issuing Eurobond in the country. In this way, increasing migration rate from India can drive Dantata towards opting for this option. Furthermore, Kroes and Manikas (2014) opined flexible regulatory environment and low currency rate of India can help an Australian or USA organization towards issuing Eurobond in Indian currency. Therefore, Dantata can easily issue bonds for raising capital with lowest possible cost. Advantage and Disadvantage of Issuing Eurobond According to McLean and Zhao (2014), organizations have the opportunity to issue their Eurobond in the country of their own choice having favorable market condition. Investors would get greater security, as the Eurobond can be manageable for the issuer. Therefore, Dantata can encourage the Indian migrants towards purchasing such bonds. However, Kroes and Manikas (2014) argued that the lack of Fiscal discipline can often hamper the efficiency of issuing Eurobond. It can discourage Dantata towards issuing Eurobond. After selecting the country for issuing Eurobond, the organization requires selecting a lean manager underwriting the bonds policies. After that, the organization needs to organize the lead syndicate in the Indian market for negotiating the terms of bonds with the borrowers. Then, the organization can sale its bonds to the borrowers and set principle paying agent for receiving the interest from the borrowers. According to Bruton et al. (2015), interest rate sensitivity is the most influential sensitivity, which has greater influence on the selection of funding options and project execution. Equity shares and securities are most vulnerable in the interest rate sensitivity. In this case, increased interest rate of India can be harmful for Dantata, where the organization might have to pay quite more return as profit sharing than they have purchased them to the public. Increased interest rate can also impact on the bank loan financing option of the organization. In this case, the increased rate of interest will ultimately increase the overall cost of the organization, when it will pay the loan to the bank. On the other hand, Kroes and Manikas (2014) opined that economic fluctuation of the foreign country can also have huge influence on international project execution. Moreover, higher rate of inflation in the foreign market will enhance the commodity price needed for executing the construction of car manufacturing plant in India. Moreover, it will also impact the pricing policy of the organization, which will impact the funding options. Furthermore, Enomoto et al. (2015) pointed changes in investors sensitivity can also hamper the project execution of an organization in foreign market. Moreover, the low performance of the automotive industry can reduce the optimism level of the investors. In this way, the investors may be reluctant towards investing the shares, securities, bonds and others. Therefore, the organization may face issues in funding capitals for their new manufacturing plant preventing their project execution. Critical Risk for Project Execution Using Foreign Exchange Tseng et al. (2015) pointed out that an unfavorable turn of foreign exchange can hamper an international business, which can even lead the organization towards ending up with giving more to the shareholders and receiving less from them. While considering the funding options, it can be said that increased value of foreign currency may enhance the credit value of the investors after their share or bond purchase. Therefore, currency exchange has huge influence on the value of funding. Moreover, increased Indian currency rate often increase the credit level of the organization to the investors, which ultimately increase organizational cost and hamper in project execution of Dantata. On the other hand, Allen et al. (2014) opined that huge difference on foreign exchange rate can also create difficulties for the international organization in estimating their financial budget for longer period. Moreover, with the changes in foreign exchange rate, it becomes very difficult for the international organization towards paying for the business cost in native currency. In this way, Dantata will also face issues in paying for the project execution in its native currency. Therefore, changes in currency exchange will lead to huge problems in project execution. Furthermore, Fraser et al. (2015) stated that changes in currency fluctuation can also have huge impact on international organization in terms of calculating the estimating the profit level of the international business. Moreover, with increased currency exchange rate in India, Dantata will face increasing cost of business operation will impact on the profit level of the international business. Critical Risk for Project Execution Using Political Risk Political risk is the fundamental risk to every international business organization, which can impact on the project execution in international basis. Moreover, Kroes and Manikas (2014) opined that corruption in political environment of international country may hamper the project execution of international organizations. The international organizations can highly be under the influence of powerful political party, which can hamper the control of the organizations on their international project. Bruton et al. (2015) stated that Political clashes often lead to frequently changing government policies, which even influence the funding options as well as business operation. Furthermore, the international organizations can also face the issues in terms of getting assistance of government in operating business. Therefore, such political environment can also prevent the Dantata in executing the project in Indian market. Moreover, Indian government is less inclined to provide support to the automotive organizations. Therefore, Dantata will face risk of not getting government support from Indian government. Lantto (2014) pointed out that increased tax rate imposed by government on foreign business can also hamper project execution of international organization in international market. Moreover, increased tax rate imposed by Indian government on foreign subsidiaries can lead to risk for Dantata in regards to their construction of manufacturing plant. Furthermore, the changes in trade agreement of the country may be harmful for Dantata towards executing their business with high level of regulatory stringent. Conclusion While concluding the study, it can be said that Dantata can have wide ranges of business finance options for constructing automotive manufacturing plant in Indian market. The organization can initially offer Initial Public Offering to the public for raising capital through issue shares to the public. Furthermore, the organization can also opt for bank loans for raising adequate capital for the new manufacturing plant. Moreover, the collateral free business loans offered by some Indian banks can drive the organization in opting for this finance options. The organization can also opt for equity financing, where it will issue share to the public in secondary market for raising capital. The strong stock market of India can also drive the organization in opting for this equity finance option. The industry growth of automobile industry has increased the optimism level of the investors towards purchasing the shares. Furthermore, the organization can also opt for private finance option for raising capital, where it will avail finance from the private lending organization when it will fail to get approval of loans from major financial institutions. Public deposit can also be an effective business finance option for the organization towards raising their capital. Unlike equity finance, the depositors of the organization will receive periodic interest on their deposited money. Apart from that, the organization can also opt for merger and acquisition and Eurobond for raising capital for their new manufacturing plant in India. Howeverm the organization will face issues in project execution in terms of sensitivities, currency exchange and political risk. Recommendation Recommendation for Dantata through SMART Objectives Specific Raising 60% capital through business finance options Choosing IPO, Bank loans, Equity Shares in constructing new manufacturing plants in India Selling 75% shares to the public for raising capital Measurable Calculating organizational capital is possible, which will measure 60% raised capital through selected business finance options The organization can easily track on the progress of negotiation with the shareholders and banks for raising capital from them Calculating share value from both IPO as well as equity share is possible, which will measure 75% sales of share to the public Achievable Raising 60% capital from different business finance options is challenging but it is achievable It needs proper effort from the organizational members towards convincing the banks in taking bank loans Effort is also required for proper issuing the shares to the public for encouraging them in purchasing those shares Selling 75% shares in also hard, but can be achievable by encouraging buyers of shares through proper presentation of companys financial status Realistic The goals of the organization for raising adequate capital is obviously realistic The organizational members needs completing all legal proceedings and proper presentation of companys inventory for getting approval of banks loans The members of the organization will also require attractive presentation of companys financial position for encouraging the buyers of share and Eurobonds Time-Bound The organization will raise its capital within next 1 year time period Table 1: Recommendation of Dantata for Raising Capital (Source: Created by Author) The above SMART table gives the recommendation to Dantata towards raising adequate capital for constructing and operating its new automobile manufacturing firm. In this recommendation, the organization will set Specific objectives for raising capital. In these objectives, the organization will raise 60% capital from difference business finance options, which required for constructing new manufacturing plant in India. Apart from that, the organization will choose IPO, equity share, Eurobonds and bank loans for raising this much of funds. Furthermore, the organization will sell 75% of its issues shares to the public. The objectives of the organization will be measurable, when raised capital and sold shares can be tracked and calculated. Furthermore, the objectives of the organization can be difficult, but these are achievable. It needs proper presentation of the companys inventory to the buyers of shares and banks towards selling shares and getting loans. On the other hand, the objecti ves are also realistic, with adequate effort from the organizational members towards attractively presenting companys financial position to the share buyers and banks for convincing them. Furthermore, the organization is recommended towards achieving these goals within 1 year of time bound. Reference List Alexander, G. J., Baptista, A. M., Yan, S. (2014). Bank regulation and international financial stability: A case against the 2006 Basel framework for controlling tail risk in trading books.Journal of International Money and Finance,43, 107-130. Allen, F., Hryckiewicz, A., Kowalewski, O., Tmer-Alkan, G. (2014). Transmission of financial shocks in loan and deposit markets: Role of interbank borrowing and market monitoring.Journal of Financial Stability,15, 112-126. Al-Najjar, B. (2013). The financial determinants of corporate cash holdings: Evidence from some emerging markets.International business review,22(1), 77-88. Altman, E. I., Iwanicz?Drozdowska, M., Laitinen, E. K., Suvas, A. (2017). Financial Distress Prediction in an International Context: A Review and Empirical Analysis of Altman's Z?Score Model.Journal of International Financial Management Accounting,28(2), 131-171. Attig, N., Cleary, S. (2014). Organizational Capital and Investment?Cash Flow Sensitivity: The Effect of Management Quality Practices.Financial Management,43(3), 473-504. Baos-Caballero, S., Garca-Teruel, P. J., Martnez-Solano, P. (2014). Working capital management, corporate performance, and financial constraints.Journal of Business Research,67(3), 332-338. Boso, N., Oghazi, P., Cadogan, J. W., Story, V. M. (2016). Entrepreneurial and market-oriented activities, financial capital, environment turbulence, and export performance in an emerging economy.Journal of Small Business Strategy,26(1), 1. Bruton, G., Khavul, S., Siegel, D., Wright, M. (2015). New financial alternatives in seeding entrepreneurship: Microfinance, crowdfunding, and peer?to?peer innovations.Entrepreneurship Theory and Practice,39(1), 9-26. Bruton, G., Khavul, S., Siegel, D., Wright, M. (2015). New financial alternatives in seeding entrepreneurship: Microfinance, crowdfunding, and peer?to?peer innovations.Entrepreneurship Theory and Practice,39(1), 9-26. Cheng, S. (2015). Potential lending discrimination? Insights from small business financing and new venture survival.Journal of Small Business Management,53(4), 905-923. Christiaens, J., Vanhee, C., Manes-Rossi, F., Aversano, N., Van Cauwenberge, P. (2015). The effect of IPSAS on reforming governmental financial reporting: an international comparison.International Review of Administrative Sciences,81(1), 158-177. Cremers, M., Ferreira, M. A., Matos, P., Starks, L. (2016). Indexing and active fund management: International evidence.Journal of Financial Economics,120(3), 539-560. Da Gbadji, L. A. G., Gailly, B., Schwienbacher, A. (2015). International analysis of venture capital programs of large corporations and financial institutions.Entrepreneurship Theory and Practice,39(5), 1213-1245. De Jonghe, O., ztekin, . (2015). Bank capital management: International evidence.Journal of Financial Intermediation,24(2), 154-177. Demir, V., Bahadir, O. (2014). An investigation of compliance with International Financial Reporting Standards by listed companies in Turkey.Accounting and Management Information Systems,13(1), 4. Dikova, D., Dikova, D., van Witteloostuijn, A., van Witteloostuijn, A., Parker, S., Parker, S. (2017). Capability, environment and internationalization fit, and financial and marketing performance of MNEs foreign subsidiaries: An abductive contingency approach.Cross Cultural Strategic Management,24(3), 405-435. Enomoto, M., Kimura, F., Yamaguchi, T. (2015). Accrual-based and real earnings management: An international comparison for investor protection.Journal of Contemporary Accounting Economics,11(3), 183-198. Enqvist, J., Graham, M., Nikkinen, J. (2014). The impact of working capital management on firm profitability in different business cycles: Evidence from Finland.Research in International Business and Finance,32, 36-49. Fraser, S., Bhaumik, S. K., Wright, M. (2015). What do we know about entrepreneurial finance and its relationship with growth?.International Small Business Journal,33(1), 70-88. Gerschewski, S., Xiao, S. S. (2015). Beyond financial indicators: An assessment of the measurement of performance for international new ventures.International Business Review,24(4), 615-629. Islam, M. M., Karim, M. A., Habes, E. M. (2015). Relationship between quality certification and financial non-financial performance of organizations.The Journal of Developing Areas,49(6), 119-132. Jiang, F., Zhu, B., Huang, J. (2013). CEO's financial experience and earnings management.Journal of Multinational Financial Management,23(3), 134-145. Karadag, H. (2015). Financial management challenges in small and medium-sized enterprises: A strategic management approach.Emerging Markets Journal,5(1), 26. Kollmann, R. (2013). Global banks, financial shocks, and international business cycles: Evidence from an estimated model.Journal of Money, Credit and Banking,45(s2), 159-195. Kroes, J. R., Manikas, A. S. (2014). Cash flow management and manufacturing firm financial performance: A longitudinal perspective.International Journal of Production Economics,148, 37-50. Lantto, A. M. (2014). Business involvement in accounting: A case study of international financial reporting standards adoption and the work of accountants.European Accounting Review,23(2), 335-356. Martnez?Ferrero, J., Fras?Aceituno, J. V. (2015). Relationship between sustainable development and financial performance: international empirical research.Business Strategy and the Environment,24(1), 20-39. McLean, R. D., Zhao, M. (2014). The business cycle, investor sentiment, and costly external finance.The Journal of Finance,69(3), 1377-1409. Nielsen, C., Roslender, R. (2015). Enhancing financial reporting: The contribution of business models.The British Accounting Review,47(3), 262-274. Ning, L., Kuo, J. M., Strange, R., Wang, B. (2014). International investors reactions to cross-border acquisitions by emerging market multinationals.International Business Review,23(4), 811-823. Ramiah, V., Zhao, Y., Moosa, I. (2014). Working capital management during the global financial crisis: the Australian experience.Qualitative Research in Financial Markets,6(3), 332-351. Razman, M. R. (2015). A study on global financial mechanisms in the Montreal Protocol from environmental law and management perspectives.International Business Management,9(1), 111-116. Richards, G., van Staden, C. (2015). The readability impact of international financial reporting standards.Pacific Accounting Review,27(3), 282-303. Sorrentino, M., Smarra, M. (2015). The Term Business Model in Financial Reporting: Does It Need a Proper Definition?.Open Journal of Accounting,4(02), 11. Stent, W., Bradbury, M. E., Hooks, J. (2017). Insights into accounting choice from the adoption timing of International Financial Reporting Standards.Accounting Finance,57(S1), 255-276. Syriopoulos, T., Makram, B., Boubaker, A. (2015). Stock market volatility spillovers and portfolio hedging: BRICS and the financial crisis.International Review of Financial Analysis,39, 7-18. Terjesen, S., Hessels, J., Li, D. (2016). Comparative international entrepreneurship: A review and research agenda.Journal of Management,42(1), 299-344. Tseng, K. A., Lin, C. I., Yen, S. W. (2015). Contingencies of intellectual capitals and financial capital on value creation: Moderation of business cycles.Journal of Intellectual Capital,16(1), 156-173. Zaman, M. (2017). The role of financial and non-financial evaluation measures in the process of management control over foreign subsidiariesempirical evidence in Slovene multinational companies.Management: journal of contemporary management issues,9(2), 53-73. Zhang, J., Elmaghraby, S. E. (2014). The relevance of the alphorn of uncertainty to the financial management of projects under uncertainty.European Journal of Operational Research,238(1), 65-76.
Subscribe to:
Posts (Atom)