Jose Rizal and Martin Luther King Jr. - Free Essay Example

Sample details Pages: 2 Words: 615 Downloads: 9 Date added: 2017/09/16 Category Advertising Essay Did you like this example? Jose Rizal and Martin Luther King, Jr. Jose Rizal and Martin Luther King, Jr. are both great men known for their dignity and love of country. Through comparison, Jose Rizal was proponent of institutional reforms through his writings, while Martin Luther King, Jr. used his charismatic personality through orations and sermons to cry out the need for change. Both of them used peaceful means instead of violent revolutions to attain their heroic purpose. Through Rizal’s perspective, during the Spanish occupation, the Filipinos started to lose their own identity. They were forced to praise and admire the things that were foreign and incomprehensible. The Filipinos endured this kind of life, but sad to say, they would only be repaid with insults and abuses. They were highly discriminated, they were treated as slaves and puppets, and they were robbed of their human rights. Rizal, who cared so much for his countrymen, did not bear this sight, so wrote his two famous novels, Noli Me Tangere and El Filibusterismo, even if he knew that this was a sure danger to his life. Don’t waste time! Our writers will create an original "Jose Rizal and Martin Luther King Jr." essay for you Create order Like Rizal, King saw the United States as a divided country. Black men are separated from the whites even in the simplest daily activities like eating in a restaurant, drinking from a water fountain, using a washroom, attending school, going to the movies, and rental or purchase of a home. He believed that this segregation would only generate hate and perpetuate a feeling of distrust among the races. King, like Rizal, also loved his country so much, that he bravely stood for his fellow blacks, even if it cost his life. While Rizal tried to awaken the lethargic spirits of the abused Filipinos through his symbolisms in his novels, King voiced out the cries of injustice among the powerless black Americans through his charismatic personality to the population. Rizal sought to defeat injustice, not the people. That is why, he used only his moral means. Similarly, King tried to achieve his goal by touching the hearts of the people. He appealed to the consciences of the white Americans and thus brought political leverage to bear on the federal government. He feared nothing and trusted only God and himself. And all his actions were peaceful and morally upright. Upon Rizal’s martyred death of age 35, it did not cow the spirits of his people, but furthermore propagated the burning desire for freedom. His death was the catalyst that precipitated the Philippine Revolution, which later led to Philippine Independence. King also died at a young age of 39 when he was assassinated. And in the same way, his death did not end the advent for social justice in the United States. But it led to the abolition of legal apartheid in many parts of America. Rizal’s ideologies helped create a new climate of thought which led to the attrition of colonialism and the emergence of new Asiatic nations. This only proved that Rizal’s influence was not limited to the boundaries of his country, but extended to the whole of Asia and even the world. Likewise, King’s influence reached internationally and inspired more and more people to promote equal rights and brotherhood. Both Rizal and King are well known, inspiring men, to all cultures of the world. They were and still are two of the most influential heroes. They both faced many obstacles on their quests like imprisonment and assassination. Despite these obstacles, they became successful leaders and even after their deaths guided their fellowmen in a non-violent and positive direction for the fight to secure rights and equality. These reasons make them worthy enough of the title heroes† – heroes who shaped the world of today.

Showalter’s Analysis of Chopin’s The Awakening Essay

Showalter’s Analysis of Chopin’s The Awakening In â€Å"Tradition and the Female Talent: The Awakening as a Solitary Book,† Elaine Showalter makes a compelling argument that â€Å"Edna Pontellier’s ‘unfocused yearning’ for an autonomous life is akin to Kate Chopin’s yearning to write works that go beyond female plots and feminine endings† (204). Urging her reader to read The Awakening â€Å"in the context of literary tradition,† Showalter demonstrates the ways in which Chopin’s novel both builds upon and departs from the tradition of American women’s writing up to that point. Showalter begins with the antebellum novelists’ themes of women’s roles as mothers—especially the importance of the mother-daughter relationship—and women’s attachments with†¦show more content†¦As I said above, this is a compelling argument, one that is hindered only by its trite, final sentence. The only issue I had with this article is that Showalter’s ending is trite. While it is true that â€Å"we can never know how the tradition might have changed if her novel had not had to wait half a century to find its audience,† this is obvious and was established at the beginning of the essay. Does it really need to be stated? Moreover, the final sentence (â€Å"It is up to contemporary readers to restore her solitary book to its place in our literary heritage†) reads like a final sentence from one of my freshman composition students. Why not end the essay with â€Å"The fate of The Awakening shows only too well how a literary tradition may be enabling, even essential, as well as confining† (221)? This succinctly sums up the article and gives the reader something to ponder. Luckily, the rest of the article had already kept my attention and received much head-nodding so that I still consider this to be a fine, well-supported essay. Showalter supports her argument with specific examples from the novel that demonstrate its attempt to move from the world of mothers and daughters into a world concerned with self-definition, all the while illustrating its simultaneous dependence upon the very world away from which it attempts to

Long-Term Debt Gaap V Ifrs Free Essays

Long-Term Debt U. S. GAAP vs. We will write a custom essay sample on Long-Term Debt Gaap V Ifrs or any similar topic only for you Order Now IFRS Scott Bailey Acc 311 Debruine Every company in the world must raise funds in order to finance its operations and expansion. The most common form of this funding is through the use of long-term debt. Depending on where the company does business and who uses their financial statements, there are different ways of recording this debt through the use of United States Generally Accepted Accounting Principles (U. S. GAAP) and International Financial Reporting Standards (IFRS). The main differences between the two accounting standards, with regards to long-term debt recognition, deal with debt issue costs and convertible bonds. Debt issue costs are the payments associated with issuing debt, such as various fees and commissions to third parties. According to U. S. GAAP these payments generate future benefits that under ASC 835-30-45-3 are recorded on the balance sheet as deferred charges. These charges are capitalized, reflected in the balance sheet as an asset, and amortized over the life of the debt instrument. Early debt repayment results in expensing these costs. Under IFRS costs are deducted from the carrying value of the financial liability and are not recorded as separate assets. Rather, they are accounted for as a debt discount and amortized using the effective interest method. (IAS 39, par 43) The debate between which set of standards correctly portrays the financial implications of these costs is centered on the idea of matching expenses and revenue. Those for U. S. GAAP argue that the deferred costs create an asset to which we can then match the revenue with the expenses over the useful life of the debt. This is in compliance with the matching principle of the conceptual framework for financial accounting. Under IFRS the costs are said to be immaterial and do not require consideration of the matching principle. This brings up possible issues of managed earnings based on when companies are issuing debt and when they are recognizing the issue costs. A convertible bond is a type of bond that the holder can convert into shares of common stock in the issuing company or cash of equal value, at an agreed-upon price. The difference between US and international standards arises when determining how to measure and account for convertible feature of the bond. Under U. S. GAAP, ASC-420-20-25-6 states: A contingent beneficial conversion feature shall be measured using the commitment date stock price but shall not be recognized in earnings until the contingency is resolved. This basically says that the convertible feature of the bond is not recognized until it is actually resolved. Under IFRS they refer to the convertible part of the bond (equity element) as an embedded derivative which must be accounted for separately from the liability element of the bond. (IAS 39, par 11) These embedded derivatives are treated the same as stand-alone derivatives in that they are measured at fair value with all changes in fair value recognized in profit or loss. (IAS 39, par 46) This process of recording causes a company to be less stable and more reactive to changes in the market. This is not necessarily a bad thing because it accurately portrays the value of the future benefits of the bonds. Accounting for convertible bonds and debt issue costs is likely to change in the future. The US and international standard boards are constantly working on a convergence in order to have a single set of accounting standards for every business. The issues with long-term debt are only a few of many differences that need to be resolved between IFRS and U. S. GAAP. They have been working on the idea of a convergence for many years and personally I do not believe there will be any type of convergence in the near future. With that being said it is important that we know the differences in reporting between IFRS and U. S. GAAP and are able to recognize the financial implications of these differences. Works Consulted Financial Accounting Foundation. (n. d. ). Financial Accounting Standards Board. In FASB Accounting Codification Standards. Retrieved October 11, 2012, from http://www. fasb. org/home IFRS Foundation. (n. d. ). International Financial Reporting Standards. In eIFRS . Retrieved October 11, 2012, from http://eifrs. ifrs. org/IB/Register How to cite Long-Term Debt Gaap V Ifrs, Essay examples

International Business for Case of Royal Mail- MyAssignmenthelp.com

Question: Discuss about theInternational Businessfor Case of Royal Mail. Answer: Introduction: International business has been obtaining formidable impetus in the recent times with the inclinations of enterprises to accomplish strategic advantage in the global business environment. The last two decades have witnessed the rapid and sustainable growth of international business. Markets have evolved into global entities for majority of services and goods as well as a wide assortment of financial instruments. The case of Royal Mail also presents a lucid interpretation of an enterprise engaging in international business action. The illustration of the literature pertaining to international business such as concepts and models would be helpful in drawing critical inferences into the international business action of Royal Mail (Ahammad, et al., 2016). Royal Mail to Engage in International Business The event can be illustrated as the recent implications for the Royal Mail to engage in international business are reflective of the reduction in the number of letters it delivers in UK. The characteristics of Royal mail could be prominently observed in its reputation as the designated Universal Postal Service Providers of UK as well as the plausible implications for supporting customers, communities all over the country and the businesses in UK (Bury, 2017). The engagement of the company in one of the profound transformations in the industry of delivery services in British history is reflective of the barriers for the vision of the organization to realize its position as the best delivery company in UK and Europe (Cheng, et al., 2014). As per Darendeli Hill, the notable characteristics which can be perceived in the existing market scenario in the UK reflects on the declining share of letter volumes in delivery service and the profound implications for the growth of the parcel business through involvement of online retailers such as Amazon (Darendeli Hill, 2016). On the contrary, the GLS or General Logistics Systems, which is the international delivery arm of Royal Mail, has depicted considerable improvements in business performance which depicted growth by 9% as compared to the domestic business which depicted a slight reduction of 2%. The declining share of letters delivered by Royal Mail by 6% over the course of the last year creates potential implications for the organization to consider international business action. Furthermore, the increasing popularity of online shopping has provided a promising impetus to the volumes of parcel deliveries which increased by 3% in the recent year. Therefore, Royal Mail has to consider emphasizing on the international business arm, GLS, and embark on overseas acquisitions that can expand the GLS in varying geographies. As per Helm Gritsch, despite the risks of losing revenue to the dedicated parcel delivery companies such as Amazon, Royal Mail can leverage the international business volumes generated by GLS to address the setbacks faced by the organization in domestic business performance. Therefore the validity of reflecting on relevant literature pertaining to international business could be realized effectively in case of Royal Mail to predict distinct inferences for the international business action of the organization (Helm Gritsch, 2014). The essential elements in literature pertaining to the international business that can be considered with respect to the observed event in case of Royal mail would refer to the competitive advantage and strategic direction of an enterprise in the international business environment, frameworks for analyzing the international business environment as well as the challenges and opportunities that can be vested in the method of acquisitions to expand international trade. Literature Review: The reflection on literature pertaining to international business would provide a notable contribution to the determination of strategic approaches for business organizations in foreign business environments. According to Jia, et al, prior to the illustration of theoretical models, it is imperative to consider the generic definitions of international business which rely on the expansion of business activities beyond the national boundaries of the organization. Therefore organizations which engage in the transaction of goods and services across national boundaries with the location of central management in a single country could be encompassed in the definitions of international business (Jia, et al., 2014). According to Leung Morris, the other dimensions of international business are profoundly indicative of the equation of international business with the big enterprises that have established operating units in the external jurisdictions. Furthermore, international business has also been associated with the institutional arrangements that engage in direction of economic activity towards managerial applications in foreign jurisdictions without formal depiction of ownership control. Such examples can be perceived in the joint ventures of organizations with locally owned businesses as well as with the governments in international jurisdictions (Leung Morris, 2015). International business activities are associated with a broader scope that reflects on the challenges as well as opportunities in the international business environment. Some of the cognizable factors that could be accounted as major influences on the international business initiatives of an organization include cultural differences, foreign exchange markets, and legal infrastructures in the foreign jurisdictions and the variations in inflation rates. International business has formidable implications towards the evolving changes in the international business environment as compared to the domestic environment which are often associated with traits of contradiction and ambiguity. Managers with the skills for identification of potential pitfalls in the international business environment could be able to cater the changes in priorities of the business environment thereby obtaining feasible competitive advantage over the peers in the industry which are unable to cope with the changing p riorities of international business environments (Lord, 2014). Prior to the evaluation of opportunities that can be accessed from the international business actions of an enterprise the estimation of the setbacks could provide a critical perspective. The identification of the setbacks that can be associated with the domain of international business would help in providing viable improvements in the strategic direction of an enterprise in the foreign market environment. An organization faces political and legal conflicts in international business with the notable implications towards disparities in the domestic and international political structure and the implications of legal regulations. The complexities of managing political and legal setbacks in business environment could be increased with the involvement of the company in various international business jurisdictions. Furthermore, the disparities in the political and legal environments of the provinces could also be accounted as notable influences on the strategic direction in international jurisdictions. As per Oparaocha, cultural differences could be observed as the next formidable impact on international business actions since cultural diversity is an imperative requirement for addressing the evolving trends in international markets (Oparaocha, 2015). The limitations on international barriers and the increasing movement of people across international boundaries have led to the concerns for increasing variability of different cultural and ethnic sections in the demographics of various geographical jurisdictions. Therefore, organizations which prefer engagement in international trade are required to tailor their strategies and business operations especially marketing to the cultural framework profoundly observed in the international market environment. The analysis of the demographics as well as reflection on cultural dimensions such as long term orientation could be helpful for drawing valid implications pertaining to the strategic approach for international business (Peng, et al., 2017). Economic conflicts also serve as profound impacts on international business actions since they could impinge detrimental outcomes on the financial returns acquired by the organization from international business operations. The prominent factors that can be associated with the economic aspects of international business relate to the fluctuations in exchange rates as well as inflation rates. Variability of currency exchange rates creates potential setbacks for conversion of currency leading to potential ambiguities in the financial standing of an organization in the international business environment. As per Sandberg, marketing infrastructure variation in international business environments leads to cognizable setbacks for marketing activities of an organization. Marketing infrastructure refers to the accessibility and nature of marketing facilities in a particular country which direct towards the varying efficiencies of marketing media in different market environments (Sandberg, 2014). It has been observed that the negative implications pertaining to international trade have a considerable impact on international business action of an organization. The use of specific models such as PESTEL analysis could be considered as viable additions to improve the outcomes of market research and plausible identification of the issues. On the contrary, observation of the viable opportunities that can be accessed from the international business actions could also be assumed as driving forces for organizations to engage in international trade. As per Young Makhija, international trade provides the foremost promising outcome of sustainability since the access to foreign markets allows organization to acquire feasible outcomes such as substantial improvement in the market share of the organization as well as the expansion of the scope of international experience (Young Makhija, 2014). The observable growth in international markets of developing countries could be perceived as a viable opportunity for neglecting economic and marketing problems and entering the markets to obtain competitive advantage. Diversification has become an imperative constituent of the domain of international trade implying profound indications towards the consideration of foreign markets as a viable solution for mitigating the risks for an organization through the concerns of variable demand. The beneficial aspects of diversification lead to acquisition of comprehensive insights into the variability of production processes and other business operations. Another cognizable element that should be included in the discussion pertaining to efficient perspectives for international business is the acquisition of competitive advantage and precise identification of strategies. Competitive advantage can be illustrated as the edge obtained by organizations over competitors which is generally acquired through the provision of higher value on the products to customers either through lower prices or provision of sophisticated services that can validated the higher pricing of products and services (Zhang, van Doorn Leeflang, 2014). The implications of competitive advantage can be realized by a comprehensive interpretation of the core competencies, strategy and business level strategy alongside the apprehension of the interdependencies among them. The core competences could be implemented for obtaining promising outcomes from a strategy through the provision of viable inputs into the strategy design. Core competencies could be identified as the unique traits, capabilities and resources of an organization that facilitate competitive advantage over rivals. The strategy implications are largely dependent on the core competency in order to obtain integration and coordination among the various sets of actions that can be implemented in various functional domains of an organizations business framework. The subsequent element which contributes to the competitive advantage of an organization reflects on the business level strategy that is specifically directed towards the particular business functions. The business level strategy is associated with the initiatives for providing value to customers through exploitation of core competences in particular product markets (Young Makhija, 2014). The global strategy can be observed from a distinct perspective which classifies specific planned actions as well as contingency measures which largely reflect on the necessity to evaluate the dynamics of internal and external changes as well as obligations of organizations to learn consistently. Therefore the relation between competitive advantage and the learning process of an organization could be perceived as a profound highlight in the domain of international business management. The acquisition of competitive advantage can be validated through the competitive positioning, core competences and global strategy which allow distinct opportunities in international market environments. Competitive positioning is defined on the grounds of configuration of core competences specific to the industry to the maximum possible value for accomplishing competitive advantage. The value of core competences in an organization could be realized efficiently in international business initiatives thr ough maintaining an open system with specific implications towards cooperation with environment and the utilization of core competences (Peng, et al., 2017). The impact of global strategy can be observed in the promising outcomes such as accomplishment of a global scale and the flexible configuration and the coordination of international business activities. Therefore the provision of international strategy opportunities could be realized through the identification of international opportunities, exploring the capabilities and resources and utilization of core competences in order obtain feasible outcomes related to strategic competitiveness (Young Makhija, 2014). Critique of the Event: As observed in the case of Royal Mail, the organization is considering the methods of acquisition to enter foreign markets. The rationale for engaging in international business could be perceived in case of Royal Mail as the organization is not capable of sustaining its conventional business opportunities in the industry of delivery services. As per Zhang, van Doorn Leeflang, the senior management of the organization is inclined towards the realization of strategic approaches to improve the investments in overseas acquisitions prudently. Therefore a critical evaluation of the organizations international business action should be obtained in order to propose feasible recommendations for improving competence in international business assignment. The market entry modes are also associated with the strategic direction of an organization in international business assignments (Zhang, van Doorn Leeflang, 2014). Acquisitions and mergers as well as joint ventures have proved to be legible approaches for entering foreign markets. Therefore literature pertaining to international business management has included acquisitions as a flexible option for international market entry as well as referring to the potential advantages and disadvantages that are associated with the market entry mode of acquisition. The foremost advantage that can be drawn from acquisitions is the flexible distribution of financial resources and skill competences. The benefits of acquisition in different industries are also accountable for the diversity implications since the fall in sales in a particular industry would not affect the performance of the other partners in different industries. The acquisition of companies in similar industry is also profoundly indicative of the reduction in competition as well as reduction in costs of publicity and advertisement. On the contrary, acquisitions can also be critically associated with setbacks that could lead to long term consequences for Royal Mail in its international market expansion initiatives through acquisitions (Sandberg, 2014). The difference in objectives of acquisitions among the acquired companies could lead to potential conflicts that would require strategic management thereby reflecting on the mandatory requirement of resources and costs. The lack of precise standards for pricing of the acquisitions could lead to ambiguities pertaining to the investments made by Royal Mail in its overseas acquisition approach that lead to profound implications towards overpricing of specific acquisitions by the enterprise. The integration of employees of the Royal Mail and the acquired firms could be assumed as a formidable limitation of acquisitions that lead to conflicts pertaining to the adaptability to new cultures, management and employees (Leung Morris, 2015). In case of Royal Mail, the proposed initiatives for acquisition of overseas firms by GSL, the companys international arm, could be critiqued on the grounds of the numerous acquisitions that could lead to variable concerns for management and the improvement in uncertainty in the moderation of business activities of the organization due to absence of integration. Furthermore, the variability of the financial consequences obtained from the acquisitions could also imply critical gaps in the preferences for acquisition. The foremost pitfall that can be perceived in the case of Royal Mails expansion in international markets through acquisitions is reflective of the excessive managerial focus on acquisition. The comprehensive direction of Royal Mails management towards acquisitions could lead to inhibitions pertaining to internal development and negligence for the slump in letter delivery volumes in the domestic market. Furthermore, the recommendations for improved strategic approach in case of international business action of Royal Mail would have to be dependent on the analysis of international business environment which is characterized by profound competition from dedicated parcel service providers such as Amazon (Helm Gritsch, 2014). Conclusion: The report presented a cognizable illustration of concepts pertaining to international business actions by referring to the recent instance of international business acquisitions by Royal Mail, the dedicated Universal Parcel Service Provider in UK. References Ahammad, M.F., Tarba, S.Y., Liu, Y. and Glaister, K.W., 2016. Knowledge transfer and cross-border acquisition performance: The impact of cultural distance and employee retention.International Business Review,25(1), pp.66-75. Bury, R. 2017. Royal Mail relies on international business as letter deliveries fall. [online] The Telegraph. Available at: https://www.telegraph.co.uk/business/2017/05/18/royal-mail-relies-international-business-letter-deliveries-fall/ [Accessed 19 May 2017]. Cheng, J.L., Birkinshaw, J., Lessard, D.R. and Thomas, D.C., 2014. Advancing interdisciplinary research: Insights from the JIBS special issue.Journal of International Business Studies,45(6), pp.643-648. Darendeli, I.S. and Hill, T.L., 2016. Uncovering the complex relationships between political risk and MNE firm legitimacy: Insights from Libya.Journal of International Business Studies,47(1), pp.68-92. Helm, R. and Gritsch, S., 2014. Examining the influence of uncertainty on marketing mix strategy elements in emerging business to business export-markets.International Business Review,23(2), pp.418-428. Jia, F., Lamming, R., Sartor, M., Orzes, G. and Nassimbeni, G., 2014. International purchasing offices in China: A dynamic evolution model.International Business Review,23(3), pp.580-593. Leung, K. and Morris, M.W., 2015. Values, schemas, and norms in the culturebehavior nexus: A situated dynamics framework.Journal of International Business Studies,46(9), pp.1028-1050. Lord, N., 2014.Regulating corporate bribery in international business: Anti-corruption in the UK and Germany. Ashgate Publishing, Ltd.. Oparaocha, G.O., 2015. SMEs and international entrepreneurship: An institutional network perspective.International Business Review,24(5), pp.861-873. Peng, M.W., Ahlstrom, D., Carraher, S.M. and Shi, W.S., 2017. An institution-based view of global IPR History.Journal of International Business Studies, pp.1-15. Sandberg, S., 2014. Experiential knowledge antecedents of the SME network node configuration in emerging market business networks.International Business Review,23(1), pp.20-29. Young, S.L. and Makhija, M.V., 2014. Firms corporate social responsibility behavior: An integration of institutional and profit maximization approaches.Journal of International Business Studies,45(6), pp.670-698. Zhang, S.S., van Doorn, J. and Leeflang, P.S., 2014. Does the importance of value, brand and relationship equity for customer loyalty differ between Eastern and Western cultures?.International Business Review,23(1), pp.284-292.