Impacts of Globalization on Apple Inc Essay Example | Topics and Well Written Essays - 4000 words

Impacts of Globalization on Apple Inc - Essay Example One of the most successfully recognized global organizations that recognized the relevance of globalization is Apple Inc. In this regard, the current research aims to examine the actual and potential impacts of globalization on the organization through a comprehensive examination of the factors that led to the decision. The discourse would hereby be structured through providing the relevant theoretical framework for the globalization, prior to delving into the corporate background and profile of Apple Inc. Subsequently, the impact of globalization would be expounded as applied by Apple in terms of presenting the changes it made on the organization’s market share, competition, and the strategies designed and implemented for globalization efforts to succeed. Globalization As emphasized by Riggs (2000), the concept of globalization has been studied to reveal that it has many meanings and dimensions. Figure 1: Globalization has Many Meanings Source: Riggs 1998, 2 Business practiti oners could simply attempt define globalization as a process of expanding operations abroad. However, like the evolution in contemporary organizations’ structure, the concept and definition of globalization goes beyond the traditional view of doing business in another country or beyond international waters. In a study conducted by Al-Rodhan (2006), globalization was intricately defined as â€Å"a process that encompasses the causes, course, and consequences of transnational and transcultural integration of human and non-human activities† (Al-Rodhan 2006, 2). By transnational, Lee Iwan, a professional with extensive cultural and international experiences described its meaning as corporations that â€Å"have invested in foreign operations, have a central corporate facility but give decision-making, R&D and marketing powers to each individual foreign market† (Iwan 2007, 1). As indicated by Riggs (2000) on his key concepts of globalization, the dimensions of globali zation are: â€Å"Economics: globalization = trade, money, corporations, banking, capital Political science: globalization = governance, war, peace, IGOs, NGOs, regimes Sociology: globalization = communities, conflict, classes, nations, agreements Psychology: globalization = individuals as subjects and objects of global action Anthropology: globalizaton = cultures overlapping, adapting, clashing, merging Communications: globalization = information as knowledge and tools -- INTERNET Geography: globalization = everything, provided it can be anchored in space† (Riggs: Dimensions, 1998, par. 2). Figure 2: Dimensions of Globalization Source: Riggs, 1998, p. 5 These dimensions were validated by Al-Rodhan (2006) when he emphasized that â€Å"globalization involves economic integration; the transfer of policies across borders; the transmission of knowledge; cultural stability; the reproduction, relations, and discourses

Hedging Strategies Essay Example | Topics and Well Written Essays - 500 words

Hedging Strategies - Essay Example These payments must be made in Euros and hence, Virtual Books is exposed to potential exchange rate risk on these transactions. In order to mitigate and hedge this exchange rate risk, Virtual Books has various alternatives to eliminate this risk. The first alternative is that of Forward Contracts. A forward contract is an agreement between two parties to buy/sell a specified asset at a forward price at a specified date. Forward Contracts are just a commitment to deliver/take delivery of the said asset and at the time of agreement, there is no exchange. Hence the cost of entering into a forward contract is nothing. Other advantages of a forward contract include customization for the customer, and OTC trade. The major drawback is that this contract is an obligation which must be honored. In case it is not honored, the customer can go for or be taken to litigation. In the case of Virtual books, it can enter into a forward agreement with its bank to buy euros at a predetermined forward p rice. By doing so, they can eliminate the potential risk involved in taking a price on the day of the payment. There will obviously be an opportunity cost involved. Assuming that the market is above the forward price on the day of taking up the contract, the customer will be losing out on a potential gain.

Model Law on International Contracting Essay Example for Free

Model Law on International Contracting Essay Introduction E-commerce in commodity goods has existed for decades. Electronic contracts provided a new mechanism to form a relationship via Internet and now we see many commodity products being exchanged daily on the Web. The contract can respond not only to the parties but to changing conditions of some kind and then inform the parties of these new events or conditions. The electronic contract, in other words, connects the parties to each other and, if desired, to other people and to other sources of information in ways that are difficult to imagine with paper. Time, like space, seems to be out of place or even absent in the internet environment. Consequently, different jurisdictions and different laws have challenged some contract issues. Therefore, with the advent of the Web as the new commercial medium, traders and buyers alike should be aware of some basic principles of contract formation and how they apply to Web transactions. Mostly, the approved rules of paper contract continue to hold up in a purely internet exchange between parties to an agreement. The law does, however, draw the line at certain kinds of transactions which must be fulfilled. It is important before considering the particularities of the online world, to take a step back and examine contractual formation via Internet which is the background against which the relevant rules to the online world were established. Today all developed countries try to create a uniform commercial code for business over the Internet. The purpose of this is to design a uniform legal structure for electronic commercial bargains world-wide. Steps in this direction have been taken by the UNCITRAL Model Law on International Contracting, English Law, and the CISG Convention, which has developed a â€Å"model law on electronic commerce† for international contracts in electronic commerce. This work will consider rules and standards for electronic contract performance, define what constitutes valid electronic writing and the acceptability of electronic signatures for legal and commercial purposes under abovementioned laws. It will also discuss the main forms of contracts via Internet and define problems that appeared in the formation of electronic contract today. 3. Formation of contract over Internet 3. 1 The offer 3. 1. 1 Under English Law In English law an internet contract via a website is formed after an offer a determinate indication of the terms on which the offeror is prepared to be legally bound is accepted by the offeree the person to whom the offer has been made . If the email of acceptance does not vary the terms fixed in the email of offer, a contract will be formed by the second email. An offer may be to the world in general in which case anyone may accept it or to a particular person in which case only they can accept it . At English law, a contract is concluded when an offer is accepted. Although this rule appears simple, there have been many conflicts over how to distinguish and identify invitations to treat, offers and acceptances. English common law traditionally classifies an offer as a statement by one party of his or her willingness to enter into a contract on stated terms, provided that these terms are accepted by the party to whom the offer is addressed; whereas an invitation to treat is simply an expression of willingness to enter into discussion which, it is hoped, will lead to the conclusion of a contract at a later date . Therefore advertisement of goods on the website will come only to an invitation to treat. Only when a buyer notifies about his intention to buy something from the site, the offer will only be formed. After this the seller can accept or refuse that offer. Under English Law an offer must be clear and complete and afford a distinct indication of the offeror’s intents . The offer must contemplate acceptance and a consequent obligation or obligations. An advertisement is considered as a mere invitation to do business and it is not an offer. An offeror is legally bound by the terms of the contract once his offer is accepted; while one who makes an invitation to treat is clearly free to accept (and thus form a contract) or to reject any offers that result from it, without any legal consequences.

Mahatma Gandhi A Great Man In History History Essay

Mahatma Gandhi A Great Man In History History Essay Mahatma Gandhi is among the worlds greatest men. He was the most impactful and significant person in the history of India. He gave his life to make India independent through events such as the Jaliavala Bagh massacre, Simon commission, non cooperative movements, and the Dandi March. He even inspired the Civil Rights movement by Martin Luther King Jr. in the United States through his impact. He sacrificed his life what he believes for India. His full name was Mohandas KaramChand Gandhi. He was born on octombe2, 1869, in Porbandar, Saurashtra. KaramChand Gandhi was his father and Putalibai was his mother. His wife`s name was Kasturba. He studied in Rajkot and Bhavnagar. He was the youngest of four children in his family. Gandhi was a member of the Hindu religion which meant he wasn`t allowed to eat meat or drink wine. When he was young, his brothers offered him meat but he refused to try it which was the best decision Mohandas made. This action showed that even though Gandhi was small, he was responsible, respectful and loyal to his religion. Mahatma Gandhi gave up his clothes. Mohandas wore a loin cloth. Mohandas made the cloth himself. The photograph of Mohandas Gandhi at his spinning wheel is world famous. He works very hard, lived a peanuts and goats milk. Mohandas went on long fastest to purify himself. Mohandas spent many years in jail. Mohandas believed in truth and non-violence. Mohandas didnt hate any one. Mohand as followed his principals throughout his life. He also believed in simplicity and equality. Mohandas loved all. Mohandas had great faith in prayer and god. He served the poor. He was the greatest man of his time. People called him Mahatma. He was a national leader. A major role played by Mohandas in India`s freedom movement. (Feroz 2007; Gandhi 1948). The Indian classics, especially some of the story from Indian epics, such as Shravana and Maharaja Harish had a great impact on Gandhi in his child hood. The story of Harish Chandra, hunted Gandhi as a boy. Gandhi had admits in autobiography that it left a permanent impression on him. Gandhi said, that was hunted him and he must had acted Harish Chandra to himself. Gandhi was very brave and he made India free through peaceful ways. He did not fight on a battlefield, but it was a fight to free India. He showed the world that you can be very brave and peace-loving at the same time (Gandhi 1948). Mahatma Gandhi entered the scene of the Indian freedom struggle in 1919; with this the freedom struggle took a new turn. Mohandas KaramChand Gandhi was a lawyer who had been working in South Africa. There he had been leading the struggle of Indians and colored people against the white rulers. In South Africa the white people considered themselves superior to the colored people and treated them very badly (Gandhi 1948). After retuning, Ghandhiji went on a tour of India to find out the condition of the people. He found that Indians were very poor and being ill-treated by the British. Indian society was also suffering due to old obsolete practices like untouched ability. Women and social out castes were treated badly. Ghandhiji realized that all Indians would have to be united in their struggle against the British rulers. He wanted all social evils to be brought to an end along with foreign rule. In 1919 the British introduce new lows. Gandhi first requested the government not to introduce this when the government ignored his request; he started his silent protest movement. He asked the people not to obey these laws to show their disapproval, but they had to be non violent all the time. There was a massive response all over the country to Ghandhijis call. There were meetings and demonstrations (Prakash 2004 2005). JALLIANWALA BAGH MASSACRE One such demonstration was held at Jallianwala Bagh in Amritsar. About 20,000 men, women and children attended the meeting. Same British officers decided to stop the meeting. General Dyer, their leader, blocked the only gate of the park so that the people could not escape. Then he ordered his troops to fire, since the park was surrounded on all sides by the high walls of houses, the crowd was trapped. Guns blazed away, and people ran here and there but they could not escape. Hundreds were killed and thousand wounded. When news about this massacre spread everyone was shocked. The publics anger knew no bounds (Prakash 2004 2005). NON- COOPERATION MOVEMENT Gandhijis answer to Jallianwala Bagh massacres was Satyagraha. This was the beginning of the Non-cooperation movement. Gandhi declared that the people would not cooperate with the government and would deliberately break laws. Thousands of students left schools and colleges. Many lawyers suspended their work. People made bonfires of foreign goods. People took to wear only thick, rough Khadi, thus doing away with the difference between the rich and the poor. Gandhi wanted the people to follow the principles of non-violence, but sometimes people could not control their anger and resorted to violence. After one such incident, when a group of people set fire to a police station, Gandhi called off the Non-cooperation movement (Andrews 1930). SIMON COMMISSION When the British saw the matter getting out of hand they appointed a commission to review the matter. The chairman of the commission was john Simon. As there were no Indian members, the people protested by holding demonstrations. Wherever the commission went, it was greeted with black flags. The British tried to stop the demonstrations through lathi charges and firing. Among the leaders who led the protests against the Simon Commission were Lala Lajapat Rai, Dr. Rajendra Prasad, Saradar Vallabhbhai Patel, Maulana Azad, Sarojini Naidu, Rajaji and Motilal Nehru (Fischer 1950; Gandhi 1948). DANDI MARCH The British had made the collection of salt from the sea cost an illegal act. Ghandhiji decided to walk to the sea cost and start his Satyagraha by breaking the salt laws. He wanted to draw attention to the fact that most Indians were so poor that they could not buy salt and pay the salt tax. He shared his march on 1 march 1930. He and his followers walked merely 300km. from his ashram at Sabarmati for over 25days. After arrival at Dandi, Ghandhiji collected water, heated it and made salt, thus breaking the law. He police arrested some people and beat up others. Ghandhiji wanted to raid a government salt go down but he was arrested. The leader ship of the salt movement then passed to Abbas Tyabji and on his arrest to Sarojini Naidu. All over India the new struggle too got in big way. Among the great leaders was khan Abdul gaffe in the northwest. The British tried to arrive at some settlement with the congress. Ghandhiji was called for meeting with the British after the meeting the co ngress decided to suspend the freedom movement till the Indian leaders held talks with the British government in London. The government in London released and allowed people to collect salt from the sea cost (Gandhi 1948). THE QUIT INDIA MOVEMENT Under the leadership of Gandhi the Quit India movement was launched. The purpose of this was to set up series of non violent ways hopefully leading up to the long awaited Independence from this quotes by Gandhi We shall either free India or die in the attempt, we shall not live to see the perpetuation of our slavery. The saying Do or Die soon became popular among the Indian people. This was a simple way of stating the way importance to regain independence. This movement got off to a rocky start because before congress could pass the movement the government. Government declared it illegal and arrested all off the major leader. As a result of this a series of revolts broke out in what was known as British Quit India. The middle class was especially active during the first few phases. But they were soon weakened by the harsh repression. The last difficult one characterized by communication, police and army installations. A man named Chandrasekhar Azad put together a campaign called Azad Hind Fauj which stood for Indian nations army. INA. His only slogan during the whole campaign was simply give me blood and Ill give you freedom. Many people of India joined in the INA to support the Indian soldiers. But sadly enough after the Japanese defeated them in 1945 they INA`s power and strength slowly declined from there. This was significant because India as a whole supported the INA with all their strength because they were the people standing up and protecting them. And one time when there was a military tribunal held against several INA officers and they were found guilty to severe punishment, the people of India became enraged. As a result of this the government cancelled their punishment. The government was strongly against the movement and their goal was to make sure it didn`t get out of hand. They did everything from arrested people to physically beating others. The supports of the movement were often shot at and sometimes every bomb blast from the sky. This was definitely one of the most brutal events that happened in India. The British people definitely came out on top and the remaining two and a half years remained unchanged politically wise until the day their independence was granted to them (Andrews 1930; Prakash 2005-2006). MARTIN LUTHER KING Martian Luther king was black American. Though Lincoln had abolished severely in 1862 blacks were still badly treated for example, black were not allowed to occupy a seat in public bus until the all whites had been seated Martin Luther king resisted all search practices in the united state. King meet many political and realizes leaders of the world finally he adopted the path of non-violence as son by mahatma Gandhi during his visited to India, he said I am not terrorist, I have come on pilgrimage to pay homage to the land of mahatma Gandhi such mahatma Gandhi was greatest man (Hakal 2008; Prakash 2004-2005). END OF LIFE A mad man Nathuram Godase killed him on January 30, 1848. When the Mahatma was murdered the whole world wept over his death. Like Thoreau Gandhi also insisted on the individual`s right to oppose governments, even governments at war. Democracy is hollow without the rights to dissent but fear and dissent don`t go together. For Gandhi the central evil of the modern world was materialism. It included both wealth and power. The state gathers brute force to destroy the spirit of freedom. This doesn`t mean that he was against wealth or power. He only taught certain values which would make man happy without material possessions. He advised to keep a thing if it provided inner help and comfort from anything. Nothing should be given up in a mood of self sacrifice or out of a strict sense of duty. This way a man might resign his post to be his own master, do his own work and grow. He detested shortening of time and distance and to run about the world to satisfy our wants. When Leon Blum heard about it he felt great personal loss. He called Ghandhiji an extraordinary man. It has been Mahatma Gandhis supreme faith that there is a nobler element in man which may be won over love. If the question is asked, what is the sum and substance of the charge which Mahatma Gandhi laid against the British government in India? It may be summed up in a single phrase. He charged them with the oppression of the poor. His political achievements were many but people paid tributes to his spiritual qualities and ethical qualities. His big contribution to modern civilizations is his life. Fisher rightly says: He was an Indian. WORK-CITED Andrews, C.F. Mahatma Gandhis Idias. New york: The Macmillan Company, 1930. Fischer, Louis. The Life of Mahatma Gandhi. New york: Harper Brother, 1950. Gandhi. Dir. Richard Attenborough. Perf. Ben Kingsley. 1982. Gandhi my Father. Dir. Feroz Abbas Khan. Perf. Anil kapur. 2007. Gandhi. Dir. Richard Attenborough. Perf. Ben Kingsley. 1982. Hakala, David. The Top 10 Leadership Qualities. Leaders can be found and nurtured 19 March 2008: 5. M.K.Gandhi. The story of my experiments with truth. Washington,D.C: Public Affairs press, 1948. Raval, Prakash .Ravals Key to Easy English Prose. Patan (India): Raval Prakashan, 2002-2005.

The Christâ€like Prospero of Shakespeare’s The Tempest Essay -- Tempest

The Christ–like Prospero of Shakespeare’s The Tempest It is not only the goodness of man which, according to traditional Christian concepts ,is not germane to himself. His very being, and his ultimate destiny stems alike from a principle that is infinitely beyond him (Morris 143). What was Prospero attempting to accomplish through the creation of the storm? Why would he go to that length of natural disaster, if the events would only end in an unharmed manner? Prospero. But are they, Ariel, safe? Ariel. Not a hair perished. On their sustaining garments not a blemish but fresher than before; (1.2.218-221). It was Prospero’s innate goodness that created a merciful storm, temporarily displacing his brother, the Duke, and the ship’s crew. Prospero use of magic allowed him to realize that his power surpassed the Duke’s. What might create empathy in the readers and viewers of this play is that Prospero had double the power of Antonio, the Duke and it showed through his merciful treatment of the storm’s creation. Prospero used intellect and did not operate on emotions solely, which could make the interpretation of the storm more philosophical, than vengeful. Because Prospero was a scholar, his plan became well thought out and the consequences were considered before hand, instead of acting on impulse, worrying about the outcome of those actions when it's too late. The power of nature was apparent to Prospero. His treatment of that power showed that he just wanted to return the rightful position of Duke to himself. "A man’s will, in order to be good, must be conformed to the Divine will†¦.a will must be referred to the common good as an end, and formally will the Divine and universal good in addition to a particular good"... ...peare's Plays. New York: Haskell House Publishers, 1964. Clark, Cumberland. Shakespeare and the Supernatural. New York: Haskell House Publishing, 1972. Encarta Online , Jan. 2001. Encarta> 16 March 2001. Greenblatt, Stephen. gen. ed. The Norton Shakespeare. New York: Norton Company, 1997. Knight, G. Wilson. Shakespeare and Religion: Essays of Forty Years. New York: Simon and Schuster Publishing, 1968. Knox , Bernard . The Tempest. New York: Penguin Group, 1987. "Magic". The Encyclopedia Britannica. 1971. ed. Morris, Ivor. Shakespeare's God. London: Rustin House, 1972. Smith, Hallet. Twentieth Century Interpretations of The Tempest. New Jersey: Prentice Hall, 1969. The New Oxford Annotated Bible. Bruce M. Metzger and Roland E. Murphy, ed. New York: Oxford University Press, 1994.

Competition Act :: Essays Papers

Competition Act The Competition Act at large focuses on forbidding, respective, agreements between undertakings or concerted practices which may restrict the competition within the market. It forbids all practices, which amount to the abuse of a dominant position in the Market by an undertaking where the practice could potentially, affect trade between its members. The rules of the Act set out the basic framework, providing for the maintenance of effective competition in the market. The Competition Act based on Articles 85 and 86 of the Treaty of Rome provides control to business practices within our market. "The following shall be prohibited as incompatible with the common market: all agreements between undertakings , decisions by associations of undertakings, and concentrated practices which may effect trade between member states and which have as their object or effect the prevention, restriction or distortion of competition within the common market " Therefor any agreement, decision, and practice caught by Section 5(1) must have the following conditions 1. There must be some form of collusion between the undertakings 2. Trade must be affected 3. There must be must some adverse effect on competition. This Section covers such agreements, decisions, practices which: a. Directly or indirectly fix the purchase or selling price or other trading conditions b. Limit or control production , markets, technical development or investment c. Share markets or sources of supply d. Impose the application of dissimilar conditions to equivalent transactions which other parties outside such agreement, thereby placing them at a competitive disadvantage e. Make the conclusion of contrast subject to the acceptance by the other parties of supplementary obligations, which by their nature or according to commercial usage, have no connections, which the subject of such contracts. The competition act analyzes various aspects so as to promote a healthy business environment. It gives a clear picture in respect to positioning in the market. Clearly, the narrower the definition of the relevant market, the greater the importance of an undertakings share of that market. Once one has defined the relevant market, one must determine whether the questioned undertaking has a dominant position in that market. In general, an undertaking has a dominant position if it can act on the market independently from its competitors. Thus, if a seller can ask any price for a product, even though its competitors are selling a similar product for much less, it is likely that the seller in question has a dominant position.

Morton Salt Essay

1. Briefly describe salt production, from brine production to finished round cans. Salt is obtained by introducing water into salt caverns which in turn dissolves the salt deposits within the caverns, allowing the salt solution (brine) to be brought to the surface for further processing. The brine is boiled in order to remove most of the liquid, resulting in salt crystal deposits. The salt crystal deposits are then further dried to remove all residual moisture to produce the final product; salt. The finished product is stored within a silo awaiting production. The round cans used for packaging salt are produced on-site. The cans are produced by gluing two sheets of chip board and rolled into a continuous tube. The tube is then cut into long sections and then cut again into can-size pieces. The finished pieces are moved on conveyor to where the various parts can be assembled into cans and glued. Once the cans are formed, they are filled with salt and the pour spout is added to the can . Once completed, the finished cans containing salt are loaded onto pallets and placed into inventory awaiting shipping to distributors. 2. Briefly describe quality assurance efforts in round can production. Quality is checked primarily by visual inspection including verifying the assembly was done correctly, checking the filled cans for correct weight, inspecting cans to ensure labels are correctly aligned, and checking to see whether metal pour spouts are correctly attached. 3. What are some of the possible reasons why the company continues to use the old processing equipment instead of buying new, more modern equipment? The company may not have updated its equipment because of the high cost of investment in new machinery. 4. Where would you place salt production in the product-process spectrum? Salt production would be a low variety, high volume operation which would place it as a repetitive production or continuous flow in the product-process matrix. 5. Determine the approximate number of tons of salt produced annually. (3,800,000 cans per year) x (26 ounces of salt per can) = 98,800,000 ounces per year. (98,800,000 ounces per year) / (16 ounces per pound) = 6,175,000 pounds per year. (6,175,000 pounds per year) / (2000 pounds per ton) = 3,087.5 tons of salt per year. 6. What improvements can you suggest for the plant? a.Application of Statistical Process Control (SPC) to reduce the cost of quality. b.Develop a plan to overhaul the existing equipment and to purchase new equipment as a joint effort among finance, purchasing and manufacturing areas. c.Synchronize production, distribution and capacity planning to make sure that there is sufficient capacity in the silos to handle the incoming salt from brine production. Reduce operating expense by introducing computerized QA for round can production for the following processes: electronically measure filled can weight, use a computerized laser to measure and ensure labels are properly aligned, use a mechanical stress test to ensure metal spouts are correctly attached