A detailed analysis of golden agri corporation - Free Essay Example

In this project it is mentioned about Golden Agris background, the area in which it operates its competitive strength and its competitors. A detailed analysis of the company s financial analysis is showed through ratio analyses, which will help to asses Michael who is an investor whether to buy Golden Agri s share. A detailed analysis is showed based on company s last three year from 2006 to 2008 annual report, which will give useful information about company s current market position and its position in near future. Background Golden Agri-Resources Ltd (GAR) is a Singapore based investment holding company and its prime activity is to cultivate and harvest oil palm trees, processing crude palm oil (CPL) and palm kernel (PK) from fresh fruit bunches and making consumer products from CPL like cooking oil, margarine and shortening. It also deals in management of real estate and consultancy services ( Goldenagri Web (2010) 10th Marchv 2010). It also provides additional services such as chartering services, services in port loading, storage and packaging and transportation services. It was listed on Singapore Stock Exchange in the year 1999. The company operates in two different divisions that are Indonesia Agri business and China Agri business. In the year 2009 company made a profit of $ 2,294 million (Businessweek Web (2010) 12th March 2010). Mission The company aims at giving highest standards of quality through continuous innovation and technology. The company also aims giving its returns to the society and community. It believes in sustainable palm oil cultivation it through sustainable environment. It puts its promises into action to gain trust of the shareholders and the employees. It emphasis on continuous improvement so as to get best result, and it always comes up with new ideas and products to gain productivity and growth. Products and its Customers Golden Agri has variety of Branded Products under its belt. It produces bulk products from palm oil facilities for instance crude palm oil, palm kernel oil, cocoa butter substitute and many more which they provide to end-customers, hotels, cafes and industrial market. In Indonesia it has around 11 brands and provides products like cooking oil, margarine, butter oil substitute, shortening, special fats and frying fats. It has around 8 brands in China and provides products such as cooking oil, margarine, shortening and butter oil substitute (Goldenagri products Web (2010) 12th March 2010). Market competition Golden Agri s major competitors are Anglo-Eastern Plantations, M.P. Evans Group PLC and Wilmar. All the three has its vast operations in Malaysia and China but Wilmar which is currently Asia s largest Agribusiness group is a strong competitor of Golden Agri. Golden Agris competitive strength lies in its way it operates its business, which is by vertically-integrated operations, which means a part of production process is expanded across several diffe rent market segments. Due to economies of scale the company has an advantage of highly efficient operations. Company s management systems and experienced and versatile management team has helped the company in its growth, and to gain competitive advantage (Answers Web (2010) 11th March 2010). Strengths and weaknesses: Strengths: ? Enormous production being carried out, leads to economies of scale ( low cost). ? Highly qualified and experienced team. ? Less competition in market. ? In-house research carried out in institute. Weaknesses: ? Being lead to high cost due to push strategy. ? As production depends on nature it affects growth of palms. ? Common Currency fluctuation as they deal in international markets. ? Strong government influences in homecountry. Financial Statement Firm uses financial statement to indicate the financial performance of the company. Financial statements are used in relation to business accomplishments. The financial s tatement includes income statement, balance sheet, and cash flow statement. Income statement shows the company s direct expenses (salary, depreciation etc) and income. It also shows the company expenses in attaining earnings per share. Balance sheet shows the amount of assets and liabilities the company possess. Balance sheet is normally used by company to measure the liquidity of company. Cash flow statement only records cash items no credit items are recorded in this statement. The cash-flow statement can be vital in determining whether or not a corporation has sufficient cash to compensate its bills, handle expenses, and acquire assets (wisegeek web (2003-2010), 14th march 2010) Ratio Analysis: [A] Liquidity ratio: This ratio suggests the company s capability to pay off the short term liabilities. It can be achieved by dividing total cash out of short term liabilities. It shows how liquid the company is. To calculate Liquidity Ratio, Company has to refer to Balance sh eet. This ratio includes working capital, current and acid test ratio (Advfn web(1999-2010), 2nd march 2010). 1. Working capital: Current Assets Current Liabilities. It measures the company s efficiency and financial ability to repay the short term liabilities (Investopedia web(2010), 4th march 2010). 2006 2007 2008 $424,000-$347,916. $763,817-$517,790 $707,481-$547,989 = $76,084 = $246,027 = $159,492 Interpretation: In 2007, firm has increased their paying obligation approximately thrice compared to previous year; this may be due to increase in their current assets and marginal increase in the liabilities. While in 2008 it again decreases due to falling in amount of cash they had. 2. Current ratio: Current Assets / Current liabilities. The higher the ratio the more liquid the company is. It shows the amount of assets the company has to reimburse their short term obligations (Investorwords web (2010) 5th march 2010). 2006 2007 2008 $424,000/$347,916 $763,817 / $517,790 $707,481/ $547,989 = 1.21:1 = 1.47:1 = 1.29:1 Interpretation: In 2007, Golden Agri have realised that they have enough solvency in the company to pay their current liabilities. Figures above shows that company has $1.47 to pay their $1 liability, in fact it is higher amongst three years. 3. Quick (Acid test) ratio: Quick Assets (Current assets- Inventories) / Current Liabilities. It is a more conservative ratio that the current and working capital. It excludes the inventory that has left at the end of the financial year. It excludes the type of current assets that are not easily converted into the cash. 2006 2007 2008 ($424,000 $144,174) / $347,916 ($763,817-$311,534) / $517,790 ($707,481- $248,084) / $547,989 $279,826 / $347916 $452,283 / $517,790 $459,357 / $547,989 = 0.80:1 = 0.87:1 =0.83:1 Interpretation: Above figures are concern, Golden Agri have not realise the major difference in their quick test ratio. Firm has $0.87 li quid asset to pay their $1 of quick liabilities, although it gets decreased in following year. Overall liquid position is just above satisfactory level. [b] Credit Risk Ratio: Total Liabilities / Total assets. This ratio is more of a concern about the long term risk of the creditors. It is assumed that the total assets should be more than the total obligations in order to pay its debts. 2006 2007 2008 $1,064,066 / $2,985,362 $1,631,604 / $5,012,814 $2,118,677 / $6,825,507 = 35.64% = 32.54% = 31.04% Interpretation: As long as long term is concerned, the higher total asset more the company able to pay their debt. Comparing 2006, 2007 and 2008, as the year progresses the percentage declines, so company has enough of the assets to pay debt in long term. [B] Profitability ratios: This ratio suggests how profitable company is. For calculation, firm has to refer to the Income statement (profit loss account). This ratio enables the investors and lenders to decide fo r their benefit. We can say that is being divided in two sub sections, Margins and returns. Margins suggest the company s ability to translate the sales into the profits. Return illustrates the amount of return the company able to give their shareholders (Bizfinance Web (2010) 7th march 2010). It includes Gross profit rate, net income rate, and earnings per share, PE ratio and some more. 1. Gross profit rate: Gross profit / Net sales (Turnover) A profit margin ratio indicates that amount of earnings, required to pay fixed costs and profits, which is generated from revenues. Lower the ratio means the company is unable to control their production cost. Although this might be a good ratio for comparing against its competitors (bizwiz). 2006 2007 2008 $269,814 / $1,129,587 $658,348 / $1,873,352 $876,117 / $2,985,948 = 0.23 or 23% = 0.35 or 35% = 0.29% or 29% Interpretation: Gross profit rate for the year 2007 and 2006 are 35 and 29% respectively. This means out of $ 100 dollars company spends, it generates them profit of $35 in 2007 and $29 in 2008. Out of this the company has to pay their taxes and operating expenses, as a result corrective measure should be taken to improve. 2. Net Income Rate: Net income / Net sales. This ratio shows the percentage of net profit the company make after deducting taxation. The more the net income rate the higher the company profit appears to be. 2006 2007 2008 $539,531 / $1,129,587 $1,274,375 / $1,873,352 $1,418,645 / $2,985,948 = 0.4776 or 47.76% = 0.6802 or 68.02% = 0.4751 or 47.51% Interpretation: Net income had declined after 2007. This suggests that out of $100 the company spends company is generating $68.02 and $47.51 in 2007 and 2008 respectively. Net income is after deducting taxes. Firm needs to work on it. 3. Earnings per share (EPS): Net income / Shares outstanding. This is most important measurement in profitability ratio. This measurement suggests the power of company to generate the money. The higher the Earnings per share the higher the value of share (Investing web (2008) 8th march 2010). 2006 2007 2008 $5.42 $12.21 $13.86 Interpretation: This ratio shows the earnings of the company from the total issue of share in the market. This measure shows us rise in earnings per share from 2006, 2007 and highest in 2008. Company is doing healthy in stock market. 4. Price Earnings Ratio: Current Market price per share / EPS Based on this Measurement investor can determine whether to invest in the company or not. Ratios decided above only analysed as per the books of accounts, but P/E ratio is based on current market price of share and gets to know the amount of Profit Company can generate. This also shows future performance of company. 2006 2007 2008 $78.61 / $5.42 $66 / $12.21 $46 / $13.86 = $14.50 = $5.40 = $3.31 Interpretation: This ratio shows that company has lowest current market price which is in 2008. This will not attract more investors because this measurement needs to be consider by investors when they invest 5: Return On Investment: Return / Average amount invested. Now this is based on return the shareholder gets on the amount they invested. Return on investment measures the company ability to generate the profit and provide investors with better result for their valuable investment. 2006 2007 2008 $539,531 / $351,831.5 $1,274,375 / $817,662.5 $1,418,645 / $1,273,659 = 153.34% = 155.85% = 111.38% Interpretation: After considering this measurement of return the company might lose their investors, due to decrease in amount of return on investment. The company need to decrease direct expense and increase their net profit to overcome this situation. 6. Return on total assets: operative income / average total assets. 2006 2007 2008 $777,556 / $2,564,072.5 $1,757,968 / $3,999,088 $1,986,316 / $5,919,160.5 = 0.3032 or 30.32% = 0.4395 or 43.95% = 0.3355 or 33.55% Interpretation: Golden Agri generation of return on total asset is at quiet satisfactory level. As this measurement will not much affect the decision of investor to invest or not. 7: Return on Equity: Net income / Average owner s equity. This measurement indicates that amount of return shareholders achieves on their invested funds. This has a lot to consider from shareholder s side of view. The higher percentage of return the more are the chances of investors attraction towards company. 2006 2007 2008 $539,531 / $1,647,603.5 $1,274,375 / $2,651,253 $1,418,645 / $4,044,020 = 32.74% = 48.06% = 35.08% Interpretation: This indicates that during year of 2006 the company on every equity shares of $100 has earned $32.74 but at the current the company has earned more if we see that in the year 2008 the company earned $35.08. This ratio reflects the character of the management in general and this current year ratio provide valuable guidance to an investor. So, we c an say that the ratio controls the market value of a company s equity share. Conclusion: All the above ratios are calculated based on past records. No ratio is based on current market condition except one. The company really has satisfactory liquidity position; able to pay debt is short term as well as in long run. While considering to the profitability ratio, figures Shows Company is able to generate supplementary profit compared to last years. Return on investment, current market price, return on total assets and return on equity is not appalling. If we carefully consider all ratios, most of ratios are fluctuating in 2007 and 2008, and our findings suggest that liquidity and profitability along with all returns has a probability to enhance. Not ignoring all non financial factors. Recommendations: We would like to suggest Mr. Michael brown to purchase some of the share based on our conclusion and see if company improves then Mr Brown can procure more. Perform all this a fter considering all non financial factors, as some of the non financial factors have uncertainty which can result in losses (customer preferences, Nature).

General Rules for Having a Pet in College

For some students, daily life involves being around a pet or pets. At college, however, animals usually arent allowed. So is it possible to have a pet in college? You Have a Few Options Those college students interested in having a pet in college have a few options. Mostly, however, pets are not allowed in places like residence halls — or even on campus — for a variety of reasons. Your campus is likely not trying to be cruel; they simply have to worry about issues of safety and regulations about hygiene that they are required to comply with. First and foremost, there are in fact some schools that allow pets on campus. These are the exceptions to the rule, however, and picking a school based on their pet policy may not be the  best choice. Additionally, even if your school of choice doesnt allow pets on campus, you can always rent a house with some friends or find an off-campus apartment that permits pets. Service Animals If youre a student who needs an animal with you for medical reasons (such as a service dog, for example), however, you should contact your school right away. Letting your college know that you need assistance — both from them and your service animal — as soon as possible is definitely of high importance. They should work with you to figure out a way to support you and your service animal during your time in school. Incorporating Animals Into Your College Life If, however, you would strongly just prefer to have a pet as part of your experience, there are some ways you can incorporate animals into your new college life: See whats allowed in your living space. Alright, so you cant bring along a dog or cat. But can you bring a fish or other small animal? Are there certain animals that are allowed, and if so, what are the regulations? Are there certain theme houses that allow their residents to bring pets with them?Can your family bring up your family pet for a visit? Lets say your family comes up the first Sunday of the month to take you out to brunch. Can they bring your family dog in the car for a quick visit? Are dogs allowed to walk on campus if theyre leashed? Will a monthly or occasional visit from your pet suffice?Consider volunteering at a shelter. If you just love — and even need — to be around animals but cant have one with you on campus, consider volunteering at a local animal shelter. You have a lot of love and patience to give and there are always animals in need. Check with your campus volunteer center, do some quick searching online, or even start your own campus group to help make regular volunteer sessions at a shelter a reality. Keep in mind, too, that when you go to college, it will be nearly impossible to recreate the life you had back at home. And thats part of the fun, right? If, deep down, you wanted things to be the same, you wouldnt have decided to go off to college in the first place. Be flexible in understanding that there sometimes is only so much your school can do. They might very well be limited about having pets in the residence halls, for example, because of city and county health regulations. Check in with your pet(s) during a Skype session with your parents and know that your pet(s) will be just as excited to see you as you will be to see them when you next return home.

Sexuality And Its Effect On Society - 1306 Words

We human beings are a melting pot of ingredients and spices that blend to define our essence as individuals. One such component that adds a definitive flavor to our respective recipes is sexuality. The basis in which the term sexuality is defined can appear deceptively simplistic. By a general definition, sexuality is a person’s sexual orientation or preference. Reality, however, has its sly way of skewing the fundamental meaning of human sexuality into a continuum, a spectrum rather, which encompasses aspects beyond just sexual orientation or preference. This intricate definition forged by society and the media- the reality of many nowadays- has become a more complicated and controversial subject, and now serves as the prominent†¦show more content†¦Both my parents firmly adhered to the notorious stereotype of each member of the family having their designated role within the familial hierarchy. This notion created a repetitive, tautological cycle, with an apparent re curring pattern: the pairing of a man and a woman. This theme of pairing opposite sexes together set a fundamental understanding of how males like me are supposed to grow into a â€Å"man† and fit the description of what a â€Å"man† is expected to be according to how my family deemed it. Anything that deviated from these expectations was considered beyond taboo- they were shunned. As a child, this ideology generated a fine line between what was sexually â€Å"appropriate† and what was not. I recall a few years back when a close relative of mine, my cousin, and my best friend both came out to me as homosexuals and that they had been dating each other for some time. Hearing them utter the words â€Å"we’re gay† as they held each other was so overwhelmingly astonishing that I had dismissed the actuality of the current situation. At that moment, I was stormed with confusion but preceded anyway to congratulate them. Though I was aware of the LGBT commu nity at the time, I did not have any personal connection with anyone from that community until my first encounter with two of the most important figures in my life. After several hours of digesting andShow MoreRelatedSexuality And Its Effects On Society1845 Words   |  8 PagesOver the years our society has developed into a world in which revolves around sex. Media has exposed children to sexual images, behaviors and even language, at any early stage in their development. All that is occurring quickly and they aren’t developmentally qualified to handle these situations. Acknowledging sexuality is a part of life and everyone has or will experience this in their lifetime. By an early age children should understand how their bodies will begin to change because there isn’tRead MoreSexual Sexuality And Its Effects On Society1443 Words   |  6 Pagesbrain anatomy discoveries together lead most scientists to conclude that sexual orientation is rooted in the brain: it is not a matter of choice or result of sexual abuse or parent-child interactions early in life. None of the major scientific societies, including the American Medical Association, the American Psychiatric Association, and the American Academy of Pediatrics, considers same-sex attraction a disorder. Like heterosexual youth, gay, lesbian, and bisexual young people discover how theirRead MoreSex Sexuality And Its Effect On Society1458 Words   |  6 Pages The world in constantly evolving and ideas that were once seen as radical soon become a societal norm. Sex and sexuality have often been a taboo topic, but are a central part of history because life itself would not exists without sex. Since sexuality, and even more so same-sex sexuality, were not often mentioned historically, there are many unknowns and inferencing must be done relatively often. Through the convergence of primary sources, such as court cases and diaries, and secondaryRead MoreHuman Sexuality And Its Effect On Society2663 Words   |  11 PagesIntroduction Human sexuality is defined as the capability of individuals to experience their sexuality and be able to express themselves as sexual beings (Hyde DeLameck, 2006). Our interest in this topic is because with time, there has been a change in rules that control human sexual behaviour. The status quo in our contemporary society is much different as compared to an earlier state of conditions, and the change has, as a result, brought the evolvement in human sexuality. People s view onRead MoreHuman Sexuality And Its Effects On Society Essay1875 Words   |  8 Pageswe learned about different aspects of human sexuality. Regardless of the subject, the most important take away is diversity. All the sections discussed in and outside of class demonstrate how sexually diverse people are around the world. In order to truly understand how widespread and diverse sexuality is; we explored cultures, evolution, studies, biology, religion, physiology, and psychology. By delving into these categories , we can comprehend sexuality and apply our knowledge to a greater numberRead MoreGlobalization And Sexuality1247 Words   |  5 Pagescharacters. Sexuality refers to how people relate to sexual activities or perceive sexual matters. Sexuality may differ from one culture to the other, but the cultures are likely to influence each other’s sexual beliefs and orientation. Globalization has had an extensive influence on the changes witnessed in sexuality across the globe. It is through globalization that sexual purposes have gotten new meanings. Some of the topics which come up as a link between globalization and sexuality are sexualRead MoreThe History Of Sexuality By Michel Foucault1729 Words   |  7 Pageschapter of the book entitled â€Å"The History of Sexuality† by Michel Foucault seeks to explain the traditional and modern issues regarding sexuality. Michel argues out that during the 17th century, sexuality was not a big deal, and various sexual acts were pursued more or less deliberately. Primarily, there was no taboo concerning sex and people of all age groups including children were well aware of sexual behaviours. Michel then points out that sexuality was now shifted to the homes where it was meantRead MoreFeminist Theory : A Feminist Perspective1558 Words   |  7 PagesShildrick 1999, 79). Due to the fact that we live in a male dominant society, women have always felt subordinate to men. As a result, the goal of feminist theory, is to invite individuals who are interested in becoming feminist advocates and are willing to help with the â€Å"breaking out of the boundaries of the proper body, of overflowing the sexual categories assigned to women† in today’s world (Price and Shildrick 1999, 80). In today’s society, people tend to visualize and in some case, even alter their bodiesRead MoreMedia Influence On The Media993 Words   |  4 Pages they can do anything. Media is the way to translate different news, video s, music over the people. I think media influence the most about the sexuality. Media influence me by showing different sexual stories in the newspaper, by posting videos and picture on the website, and by watching different sexual videos on movies influence the most about sexuality. It is a positive influence because we can get the knowledge about sexual precaution and awareness. Television programs influence about sexualRead MoreThe Beat Generations Effect On Jitterbug Perfume1550 Words   |  7 PagesBeat Generation’s Effect on Jitterbug Perfume In the Novel Jitterbug Perfume, many themes and ideas from the Beat Generation can be found. The Beat Generation was a movement developed by young people who rejected conventional society in the late 1950s. The idea of the generation was strictly based on modern Jazz, free sexuality, recreational drugs, and rejecting standard ways. Developing sexuality, depending on drugs and the pursuit in individuality we taken from the Generation and creativity

The Crucible By Arthur Milller - 1316 Words

Arthur Milller’s The Crucible and Katherine Howe’s Conversion follow teenage girls and how their individual actions and actions as a group affect colonial Salem Village and present day Danvers, Massachusetts. In Salem Village an outbreak of witch accusation by a group of young women tears apart the entire community and has everyone question what the truth is. Religion and honesty are large factors in peoples’ views on the situation taking place in Salem. In modern day Danvers an outbreak of a mystery disease, conversion disorder, similarly has the people of the town questioning what the truth is. This disorder is exclusively affecting the students of the all girls catholic high school, St. Joan’s. These girls exploit their disorder by talking to media and going on television. Both stories seem to reflect similar plot lines of rebellion, scandal, and sex. Both follow the lives of teenage girls who face similar problems. The time of adolescence in a womanâ⠂¬â„¢s life is an extremely influential period when one either stands out as a dominant leader, or falls in line as a follower. Though The Crucible and Conversion are based over three hundred years apart, both focus on similar motifs regarding female adolescence including rebellious lust, and the desire for attention and one’s individual identity. The theme of rebellious lust is prevalent in both The Crucible and Conversion through the forbidden relationships of Abigail Williams and John Proctor, and Emma and Tad Mitchell. ThisShow MoreRelatedThe Crucible And Conversion By Arthur Milller1094 Words   |  5 PagesSet centuries apart, Arthur Milller’s The Crucible and Katherine Howe’s Conversion, seem to reflect follow similar plot lines of rebellion, scandal, and sex. Both follow the lives of teenage girls who face similar problems despite the fact they are based centuries apart. The time of adolescence in a woman’s life is an extremely influential period when one either stands out as a dominant leader, or falls in line as a follower. Though The Crucible and Conversion are based over three hundred years apartRead MoreA Sense of Pride in the Crucible by Arthur Millle617 Words   |  2 PagesToday in society, many people show a sense of pride or an excessive sense of pride. This can be directly related to The Crucible, by Arthur Milller. During the play many characters are influenced by their strong sense of pride or of them having too much pride. The characters then make life or death decisions based on how they are influenced. Three characters that are greatly influenced by their pride are Reverend Hale, Elizabeth Proctor, and John Proctor. These three character’s decisions based on

Christopher Columbus, A Explorer, Sailor, And A Coloniser

Cristoforo Colombo, or commonly known today as, Christopher Columbus, was a navigator, sailor, and a coloniser. Columbus’ influences on discovering a new route to the Indies revolved around many books such as, Livres des merveilles du monde (Book of the Marvels of the world), published by Marco Polo and many other sailors. He was thought to be born on 31st October 1451 in Genoa, Republic of Genoa, but historians have not in fact corroborated this to be true. Filipa Moniz Perestrello was the wife of Columbus and the son of two wool weavers named Domenico Colombo and Susanna Fontanarossa. He was famous for accidently finding, then colonising The New World, or commonly known today as, America. It has been commonly thought that Columbus was the first person to discover America, but Lief Erikson, a Viking of a few centuries prior to Columbus’ time, discovered America first. Christopher Columbus perished from gout in 1506. King Ferdinand II and Queen Isabella I, the Catholic Monarchs of Aragon, Castile, and Leon in Spain sponsored Columbus’ first journey. The funding was used to give Columbus crewmembers, and the money to afford three ships called the Nià ±a, Pinta, and Santa Marà ­a. Columbus and his crew then sailed west in hopes to find a new route to lucrative Chinese trade markets or a new Silk Road. After two months (October 12 1492) of sailing, a sailor named Rodrigo de Triana spotted land. Columbus then sailed towards the newly perceived land that Columbus called, San

Object Of Study Fuck On National Television

Object of Study: On February 12, 2017, Adele uttered â€Å"fuck† on national television during her Grammy’s performance. Adele said, â€Å"I fucked up, I can’t do it again like last year,† during her tribute to the late George Michael, who was a role model to Adele (Unterberger). Adele had started her tribute song, but her vocals were off and so she stopped, uttered the word â€Å"fuck† on live TV, and then started over, saying, â€Å"I’m sorry for swearing and I’m sorry for starting again. Can we please start it again? I’m sorry, I can’t mess this up for him† (Coscarelli). This incident was reported on nationally and internationally, due to the international audience of the Grammys and due to the fact that Adele herself is from the UK. None of the reports on†¦show more content†¦The Grammys was only a little over a month after the passing of George Michael. While Adele was paying tribute to her departed friend, she messed up and was dissatisfied with her performance, which is why she uttered a profane word on live television. e) Genre: public memorial / tributary performance f) Exigency: Adele is a public figure and a role model to many young viewers in particular. When Adele said a profane word on live television, this reached her fans everywhere, many of them being children. It is important for role models to understand their role in young fans’ lives, and also for society to understand that role models are not perfect human beings and may slip up from time-to-time. Framework: Grief and Coping Strategies Method Source 1: â€Å"Gender Differences in Grief Reaction Following The Death of A Parent† by Elizabeth Lawrence et al. Elizabeth Lawrence et al. wrote a psychological research article titled, â€Å"Gender Differences in Grief Reaction Following The Death of A Parent,† which was published in 2006 in Omega: Journal of Death Dying (Lawrence, et al. 323). The article’s research question was whether or not there was a difference between how men and women coped with grief; the results of the research were that females were more likely to experience adverse consequences than males (Lawrence, etShow MoreRelatedKeep It Classy Never Trashy!1799 Words   |  7 Pagesdegradation of the media promotes these statements through popular music, television, and the influence on the younger generation, the overall self-worth of black women aspiring for success is spiraling downward. â€Å"Bitches ain’t shit, but hoes and tricks†, â€Å"If my main bitch ain’t acting right, it’s nothing to call my side bitch†, â€Å"It must be your ass because it ain’t your face† and â€Å"She telling me to tie up the knot, but I fuck her and kick her out of my spot.† These lyrics are all from the most knownRead MoreHip Hop : A Cultural Movement And Popular Genre Of Music Essay1920 Words   |  8 Pagesenvironment (such as high school) where their actions are rarely challenged. Furthermore, even at home, adolescents see gender stereotypical behavior on television. Past studies have found that the portrayal of gender roles and sexuality in youth media has provoked and maintained stereotypical gender-role schemas (Ter Bogt , 2010). Ter Bogt’s study focused on how the exposure to and preferences of TV, music styles/music TV, and internet influence an adolescents’ sexual attitudes and use of gender stereotypesRead More Gender Dichotomies on MTV Essay4969 Words   |  20 Pagesdistinguishable from any other manipulated object. On an MTV special, When Sex Goes Pop the host Chris Connelly said, Some women in videos don’t get to be themselves, in a raft of rock and hip hop videos they get turned into pieces of booty served up for the pleasure of men. This is not to say that exploitation is always against the female’s will. Many women allow themselves to be sexualized because wage disparities often force them into accepting such treatment. A study of the wage gap between men andRead MoreRhetorical Analysis Of Harold Pinter s The Room 9709 Words   |  39 Pagesindelible mark in the mind of the young Pinter and he developed a growing hatred, disgust and fear against violence of all forms especially the atrocities and bloodshed associated with war. It also paved the way for Pinter’s decision of not joining National Service on reaching the age of eighteen in 1948. As a conscie ntious objector, he had to appear before two tribunals but could not be forced to go to war. He was not sent to prison as it was a civil offence and he was below twenty one. In both the

Crisis of Industrial Relations for Manufacturers - myassignmenthelp

Question: Write about theCrisis of Industrial Relations for Manufacturers. Answer: Introduction The report consists of the analysis of the issues related to the industrial relations. The issue is related to the problems related to the labors and the reaction of the management towards the problem. The workplace where the crisis has occurred is the arc shoes in Egypt who are global manufacturers of shoes in Egypt. It is one of the leading manufacturers in Egypt. The industrial relations include the issues related to the disputes between the manager and the labors. The arc shoes have faced such problem very often. The problem was highlighted after a long time. The major aim of the report is to focus on the issue and briefly describe the issues and analyze the role of both the actors that is the labors and the manager of the company who took no initiative initially to solve the problem. Based on the analysis of the issue the reaction of the actors on the context of the pluralist theory has been included broadly in the report. The report concludes with the analysis of such theory. The IR issue of arc shoes in Egypt The problem in this shoe manufacturing company has been a continuous process. The common forms of protest have been strikes and it has remained a perennial problem. The issue has been the outcome of an incident. On January 5th, 1992, one of the labors named George was assaulted by the executive manger in a meeting. He was charged for an unethical reason without any proof. He was suspended for the same reason and later was debarred from yearly bonus and was suspended for few days from work (Light, Margot and Arthur John Richard Groom). This resulted in the deduction of his salary as well. He was not even given a notice of this. This infused anger in many labors of the company. They landed in protest against this. This created a negative impression against the company. This led the labors to end up in strikes and protests. The management was initially not ready to listen to the workers. They did not show any reaction to the protest of the workers. The union of the labors decided not to work anymore in the company. Steve Martha the executive manager was passive to the situation. He was not ready to listen to the labors. He was neutral to their demands. They landed up in strikes and rallies in front of the gate of the factory. The managing director of the company, Mr. Nejm Abdul El Amir Rasol took notice of the situation and he intervened into the matter much later. He considered this industrial crisis to be solved and he took initiative to pay attention to the needs of the demands of the workers. The further problem that arises immediately was the take over the company. The arc shoe manufacturers collaborated with the other shoe manufacturers of Egypt. The labors were not given the ultimatum of the same and they were all of a sudden asked to find another job (Jrgensen, Knud Erik). They were not given any other placement and morally it was not justified. The labors landed up in strikes and they opposed to work. This continued till few months. The stakeholders of th e company looked onto the matter and they resolved the situation. In case of the first situation the managing director solved the situation by conducting a personal meeting of the labor with the executive manager and an apology was asked to the labor for the verbal abuse that he faced. The pluralist theory has been applied here where the perspective of the labors and the unions have been focused on (Smith, et al). Main players in this issue The main players in this issue are the labors and the managing bodies against whom the situation has taken place. The initial crisis has taken place because of the executive manger who verbally abused the factory worker (Jackson, Robert and Georg Srensen). While the company was taken over by other shoe manufacturing company it was the people in the managing committee and the factory workers who were the main players. The managing director has played a major role in this by intervening and solving the problem Therefore he is another player in this situation. Al the players had a major role to play in this. All the players had their own perspectives and own point of view (Ferguson, Yale). Two main players (actors) The players are also known as actors in this situation. The actors have a major role to play in these situations. The situations are equivalent to crisis here. The most highlighted actors here are the labor who was abused and the executive who abused him. The situation is in favor of the labor. The crisis can be termed as the crisis in terms of industrial relations. The crisis has occurred in case of the industrial relations. The labor represented the entire workers of the factory as this same incident could happen to the labors in the future. Another reason behind this was the same class that the workers belonged in. The executive manager had the power to manage and take the initial decision regarding the factory. This is the reason the labor was dominated and he was penalized (Dunne, et al). The labor however was restored his job back with complete honor. Apart from this it was same in the case of shutting down of the factory and the takeover of the same by other company. The share holders made the decision without giving prior notice to the workers. The labors were the biggest sufferers in this case. The important actors in this case were the shareholders and the workers. The ultimate sufferers of the situation were the labors and the reason of their sufferings was the stakeholders of the company. However the actors that are to be highlighted are the labor that was unethically treated and the manger that was the reason behind it. This crisis was more unethical and a more important issue than the other issues (Dunne, et al). The reaction of the two actors in respect to the situations The labor refused and he protested against the situation. The executive manger who was accused reacted in a neutral manner towards the situation. The labor made hard efforts to prove himself innocent as he was wrongly charged and was accused in front of all the entire factory workers. Moreover he was charged for something that he has not done. The entire labor union went against the authorities (Booth, Ken and Toni Erskine). The reaction of the labor was expressed through protest and strikes. The reaction of the manager was passive. He was not ready to listen to the needs of the labors. He showed an adamant behavior towards the labors. The reaction of labors was violent and it ultimately was able to bring about a change in the decision of the management. The executive manager had to finally to apologize to the union members. This was the final reaction of the manager (Battaly, Heather). Analysis of the behaviors of the actors While analyzing the behaviors of the actors the theory of pluralists can be put forward. The pluralist theory includes that the organizations comprises of individuals who form distinct sectional groups which has own area of interests, objectives and leadership. This theory can be applied when there are conflict between the management and the employees which results from the industrial and organizational factors (Ludwig, David). This comprises of not only the industrial disputes and strikes but also the entire range of whole range of opposing and divergent behaviors between the owners of the industry and the mangers on one side and the working people and their organization and union on the other side. The theory can be applied in this crisis (Ackers, Peter). The crisis occurred between the mangers and the worker unions. It has laid over-emphasis on the interest alone. It overlooked the relevance of the values and the cultures. The workers in this case show a common interest but they d o not share the same value. The pluralists theory is therefore applicable in this case. The interests and the values play an important role in uniting the groups and also in dividing them. However from the analysis of the situation this can be stated that it is not necessary for the identity of the group to be deep rooted on any particular common group interest as some particular common value a significant role in such construction (Acharya, Amitav). Conclusion Therefore from the above analysis and the study of the issue it can be stated that the industrial relations are an important segment of any industrial sectors. The theories help to regulate these relations. The crisis needs to be tackled in effective manners. The above analysis contains the details of such crisis and the same and the role of the actors in such situations. It is advisable to maintain the industrial relations in a resolved manner. All the actors are dependent on each other in the industrial sector. References Acharya, Amitav.Constructing a security community in Southeast Asia: ASEAN and the problem of regional order. Routledge, 2014. Ackers, Peter. "Rethinking the employment relationship: a neo-pluralist critique of British industrial relations orthodoxy."The International Journal of Human Resource Management25.18 (2014): 2608-2625. Battaly, Heather. "A Pluralist Theory of Virtue."Current Controversies in Virtue Theory. Routledge(2015): 7-21. Booth, Ken, and Toni Erskine, eds.International relations theory today. John Wiley Sons, 2016. Dunne, Tim, Lene Hansen, and Colin Wight. "The end of International Relations theory?."European Journal of International Relations19.3 (2013): 405-425. Dunne, Tim, Milja Kurki, and Steve Smith, eds.International Relations Theories. Oxford University Press, 2013. Ferguson, Yale H. "Diversity in IR theory: Pluralism as an opportunity for understanding global politics."International Studies Perspectives16.1 (2015): 3-12. Wallace, Helen, Mark A. Pollack, and Alasdair R. Young, eds.Policy-making in the European Union. Oxford University Press, USA, 2015. Jackson, Robert, and Georg Srensen.Introduction to international relations: theories and approaches. Oxford university press, 2015. Jrgensen, Knud Erik.International relations theory: A new introduction. Springer, 2017. Light, Margot, and Arthur John Richard Groom, eds.International relations: A handbook of current theory. Bloomsbury Publishing, 2016. Ludwig, David.A Pluralist theory of the mind. Vol. 2. Dordrecht: Springer, 2015. Smith, Steve, Amelia Hadfield, and Tim Dunne, eds.Foreign policy: theories, actors, cases. Oxford University Press, 2016.