Research Methods Profoilio Exercise Assignment Example | Topics and Well Written Essays - 5500 words

Research Methods Profoilio Exercise - Assignment Example intains and energizes employees to carry out their tasks effectively but it may not capitalize their full potential if they are not motivated through praise and recognition. The satisfaction level and commitment levels tend to get decreased if an individual is not encouraged, praised or given incentives at regular intervals. Research indicates that Employees are seen leaving the companies not because of less pay but because they feel unmotivated at work (Lutchman, 2008, p.46). This relationship between the two is still unexplored. Thus, it is essential to document and identify the underlying reasons for resignations and terminations taking part in organizations. The number of employees leaving the organization due to lack of motivation is growing tremendously, and this requires scrutiny. Though, there are many factors that have an impact on employee turnover, but motivation is a vital element for success. Its absence can have an adverse impact on the employee and its presence increases the quality of work and makes them more committed to performing their task. Hence, this problem was chosen because it would generate an understanding of individual’s needs that encourages them to carry good practices in the organizations (Lutchman, 2008). At BSc Level, this problem is suitable for study as it is related to a psychological perspective and is related to Human Resources, which is my existing field of subject. The relationship between motivation and turnover is seen ignored by Human Resource Professionals as most of the firms are work oriented and are inclined to maximize productivity by utilizing resources of an organization. As motivation is goal directed so it can be said that the professional standpoint would help me undermine my future value for any company, I plan to work. In other words, it can be said that this relationship between motivation and turnover is a critical element for success so it shall allow ascertain substantial levels of motivational

Discussion Essay Example | Topics and Well Written Essays - 250 words - 94

Discussion - Essay Example otivation theory however elaborates on the behavior of individuals who are exposed to health threat communication hence arousing fear in them (Orbell, Hagger, Brown & Tidy, 2006). The health belief model focuses on perceived barriers and benefits whereas the protection motivation model has its core values on response efficacy and perceived self-efficacy. The two theories share on vulnerability and severity (Ajzen, 2002). Self-efficacy theory is built on outcome expectancies which are perceived as either positive or negative depending on the performed behavior. On the other hand, the theory of planned behavior works under the assumption that most social relevant behaviors are volitionally controlled. Hence, an individual’s intent on performing a particular behavior is seen as the immediate determinant as well as the only and best predictor of the behavior (Hunter, Grunfield & Ramirez, 2003). The health belief model and the protection motivation theory share the same concepts on perceived vulnerability and severity. This level of overlapping is sometimes criticized since it causes defining of these models challenging (Orbell, Hagger, Brown & Tidy, 2006). Hunter, M. S., Grunfield, E. A., & Ramirez, A. J. (2003). Help-seeking intentions for breast cancer symptoms: A comparison of the selfregulation model and the theory of planned behavior. British Journal of Health Psychology, 8, 319–333. Orbell, S., Hagger, M., Brown, V., & Tidy, J. (2006). Comparing Two Theories of Health Behavior: A Prospective Study of Noncompletion of Treatment following Cervical Cancer Screening.Health Psychology, 25(5),

Analysis of Mittal’s Acquisition of Arcelor

Analysis of Mittal’s Acquisition of Arcelor 1.0 Executive Summary This examination of the merger of Arcelor and Mittal in the steel industry will examine the success and or shortcomings of this major deal that has created an industry leader that is considerably larger that its nearest competitor. In examination the merger, this study looks at the steel industry from the perspectives of historical underpinnings and ramifications, pricing, laws, monopolies, emerging markets, mature markets, new areas for exploration, as well as the resulting post merger effects of this union. To achieve the foregoing, this study has organised the foregoing into a comprehensive literature review that will delve into the indicated areas, following this with a findings and analysis section to equate the preceding. The organisational method has been selected to inform as well as guide one through the industry and the merger process to result in a clear understanding of the important and salient points that impacted the merger process, and its resultant effects on the industry. The conclusion brings forth the summary of all of the sections that preceded it to equate the results and potential areas for additional study owing to the newness of this union. The bold move by Mittal in acquiring a company if its same size and then moving forward as a unified new entity marks a new period in the steel industry worthy of examination as an history making event. 2.0 Introduction The purpose of this investigation is to delve into an understanding of the steel industry as the means to reach a determination as to the potential benefits and ramifications of the ArcelorMittal merger that is just about a year old. As such there is little in the way of case studies, and or historical data to equate the effect of the merger, this examination shall utilise historical as well as current information to understand the steel sector and thus draw deductions on the effectiveness of the merger in terms of competition, the industry and economic ramifications. The research question thus stems from the examination of the Mittal Steel and Arcelor merger, and how it developed, along with the advantages as well as disadvantages of the process in terms of the two companies. The Research Objective is to determine if the merger made ArcelorMittal a market leader in a highly competitive market, and the manner via which this was accomplished as well as if the foregoing brought about new opportunities, and or projects in terms of real ones, and or potentials for the future. The research hypothesis represents equating the impact of the Arcelor Mittal merger in terms of the industry dynamics in pricing, market positioning, competitive advantages, or other areas as uncovered by research to prove or disprove the basis for the merger as a sound proposition in the face of the preceding. To achieve the foregoing, this study shall look at the steel industry objectively through extensive research into its importance with regard to economics, trade, pricing within the industry, applicable laws, monopolies, the importance of emerging markets that might have weighed on the decision to seek a merger, the importance and or considerations of mature markets, and new locations of exploration and or supply. The approach to equating the foregoing was to conduct and extensive review of literature on the aforementioned points to provide a comprehensive view of the steel industry, where is has been, presently is, and is going. The preceding will provide a reference point to try to determine what the executives of Mittal saw in reaching the decision to attempt the Arcelor acquisition. That insight, their decision process to seek the acquisition of Arcelor, was based upon the company’s intimate knowledge and understanding of the steel sector, and a plan to capitalise on those developments based upon the projected future occurrences in the market. Donaldson and Lorsch (1983, p. 112) tell us that in strategic decision making executives must consider that: â€Å"Under certain circumstances, the firms real economic and financial constraints perpetuate stability in the financial goals system that is central to corporate strategy. The first such circumstance occurs when the composition and objectives of managements three primary constituencies remain constant over time. If the existing financial goals system truly represents a balanced response to each constituencys minimum acceptable requirements for continued participation in the enterprise, then external pressure for change is not likely to develop in the absence of some fundamental change in the constituencies themselves.† The decision to seek an acquisition as a means to growth represents a process that a company decided upon long before taking such an action. Wall and Wall (2000, p. 39) observe that â€Å"Companies that are using acquisitions as a strategic lever are rarely making only a single deal; acquisitions are ongoing and often overlapping, with several happening at once and more to come†. Mueller (2000, p. 57) states that most acquired companies were and are usually healthy strong firms in their own right that add some underlying competitive advantage in the face of market realities. He goes on to add that the rationales can be economies of scale, to obtain a more dominant market position, to gain access to markets, to stave off competition, to limit merger options of rival firms as well as a strategy for growth. Mueller (2003, p. 82) adds: â€Å"A company faced with a slow-growing or declining market has two choices for avoiding stagnation and decline: it can expand its share of this market, or diversify into new ones. Growth can be sustained indefinitely only through diversification. Thus, we expect the maturing company to resort to internal diversification by developing new products and/or external diversification through mergers. Even in a steady-state world, a company must (continually) diversify to sustain a growth rate above that of its company’s market.† Wall and Wall (20000, p. 39) add â€Å"†¦he most successful acquirers have developed a clear, logical, and replicable approach that they use to manage the entire process from initiation of the deal to the ongoing and longer-term development of the new organization post integration†. There is an integration process that accompanies every merger, where the rationales for preceding are thus put to the realities of the finalised merger process. This is where the decision to merge answers the questions, and or solves the issues that brought about the process in the first place. This study shall seek to equate the foregoing in the case of ArcelorMittal. 3.0 Literature Review This review of literature shall examine what has been written about the topical areas that are covered herein to gain a picture of the overall steel industry, the merger of ArcelorMittal, and the market factors inherent in the sector. The preceding shall seek to uncover the questions as posed the research objectives and find the answers to the research hypothesis 3.1 The Steel Industry Steel is the material that is the economic backbone of global economies, representing the prime material in building, infrastructure projects, refineries, vehicles, industrial as well as consumer goods. The recent emergence of new global players that have significantly increased their production and export capacities and thus has harkened a change in the international structuring of the industry whereby consolidation has become a critical component in competitiveness (D’Costa, 1999, pp. 11-12). China’s application and accession to the World Trade Organization has had major implications in terms of the global market as a result of the country’s modernisation programmes, cheap labour supply and interest in becoming a significant part of global production and export (ChinaDaily.com, 2007). The foregoing only adds to the rounds of consolidation in an industry where economies of scale in terms of raw materials as well as production are key foundational factors in a hi ghly competitive sector (Mangum et al, 1996, pp. 2-6). The above factors are important background aspects in the context of this study in that it is providing insight as to the status of the market. The aforementioned consolidation has been basically built upon the rounds of joint ventures that the industry seriously embarked upon during the mid 1980s in response to the need to tap emerging markets as well as areas of exploration for raw materials (Mangum et al, 1996, pp. 11-14). Steel, along with oil and uranium and a few other raw materials, represent concerted efforts and concerns by national governments and their important industry producers to ensure domestic strength in these sectors is maintained, owing to their importance in their economies (Visclosky, 1999). Restructuring within the steel industry is described by D’Costa (1999, p. 11) as â€Å"†¦an organizing concept to analyze capitalist development in general and reorganization of industrial capacity in particular†. He adds that (D’Costa, 1999, p. 11-12): â€Å"Restructuring also refers to the various ways by which a national industry adjusts to the capitalist imperatives of competition, profitability, market control, and national development (D’Costa 1989). More specifically, restructuring is viewed as a complex process by which the steel industry is evolving as a result of technological developments, corporate strategy, and government policies. With innovations and the diffusion of technology at the core of capitalist industrialization, restructuring of the steel industry globally can be conceptualised in terms of different national technological trajectories. By juxtaposing the factors that lead innovating countries like the US to fall behind technologically with the mechanisms by which late industrializing countries acquire technologies we can establish the uneven diffusion of technology and the process of restructuring.† The preceding represents an important understanding in this examination, as the traditional powers in the steel sector have been either challenged and or replaced by other companies / countries in the global sphere. Anwar (2006) presents an important summary overview of the steel industry that includes some of the foregoing factors, as well as providing additional insight areas: The increasing ramifications of industry volatility has been and is related to the levels of consolidation, the cyclical nature of the industry, along with the emergence of China as an important and critical player in the market. The importance of tapping into emerging growth markets has helped to fuel industry consolidation. China’s emergence as a consuming nation as well as producer  ¡, and its huge international market has caused a shifting in the strategic focus of the industry, and thus its companies. The heightened competition and cost variables of the industry help to explain the increased rounds of consolidation that in the interests of cost efficiencies utilises more supply chaining to set up production facilities in important developing countries, as well as close to natural steel resources. The consolidation as well as fragmentation of the global steel industry is amply illustrated in the following Chart: Chart 1 – Global Steel Industry (Anwar, 2006) The cyclical nature of the industry is caused by price significant drops due to the selling of steel at bargain prices as companies keep their production facilities running when industry sectors in certain countries are working off their own inventories (Matthews, 2007). It may sound illogical, but it is actually more cost effective to keep plants running as opposed to temporarily shutting them down and restarting again, even at the cost of dramatic price drops that occur in the process (Matthews, 2007). Consolidation has enabled important companies in the market to fend off competitors in their areas, and leverage their positions (Matthews, 2007). The rapid growth of China’s internal market, as well as upgrading of its steel production capabilities has significantly added to global tonnage output (Anwar, 2006). The heavy rounds of consolidation is in keeping with the regionalization of the international market as The North American Free Trade Agreement, that entails the United States, Canada and Mexico, competes with the European Union’s 25 countries, Mercosur that includes Brazil, Paraguay, Uruguay, and Argentina, and of course China, whose domestic market and size provides a market that is larger than almost all of these combined (UC Atlas, 2006). The significance of the foregoing is that these trade blocs represent associations that have been formed by the attending governments to aid in the management as well as trade promotion activities for their regions, and countries within these blocs (UC Atlas, 2006). The foregoing dynamics of globalisation thus helps to explain the consolidation that has been and is taking place in the industry. Figure 1 – Regional Trade Blocs / European Union (Europa, 2008) Figure 2 – Regional Trade Blocs / NAFTA (UC Atlas, 2006) Figure 3 – Regional Trade Blocs / MERCOSUR (UC Atlas, 2006) 3.2 ArcelorMittal In 2006 Arcelor one of the world’s biggest steel producers as represented by turnover and output, was acquired by Mittal for $31.9 billion USD in a deal that ended over five months of a hard fought takeover battle (White, 2006). Born out of a prior merger of Spain’s Aceralia, France’s Usinor, and Arbed of Luxembourg in 2002 (Reed, 2006), the acquisition by Mittal of Arcelor that was formed out of the preceding triumvirate is a further example of industry consolidation. The company, that consisted of in excess of 94,000 people in excess of 60 countries, was a major company in supplying the automotive, metal processing, construction, household appliance as well as general industry segments (wcbstv, 2006). Mittal Steel, which is based in Rotterdam, was the world’s largest steep producer in terms of volume prior to the merger, and still retains that title post merger, is a family controlled company by Chief Executive Officer Lakeshmi Mittal (ArcelorMittal, 2008a). The resulting company after the merger, ArcelorMittal, represents a concern that has â€Å"†¦ 310,000 employees in more than 60 countries† (ArcelorMittal, 2008b). The new company become the overall global leader in the automotive sector, construction industry, household appliance as well as packaging industries, along with becoming the leader player in technology as well as volume of steel produced (ArcelorMittal, 2008b). In terms of size, the new union creates a company that dwarfs the competition: Table 1 Largest Steel Companies (editgrid.com, 2007) Metal Bulletin’s top steelmakers of 2006 Millions of Tonnes Company Country 2006 2005 1Mittal Steel1 Netherlands 63.66 49.89 2Arcelor Luxembourg 54.32 46.65 3Nippon Steel Japan 33.7 32.91 4JFE Steel Japan 32.02 29.57 5Posco South Korea 31.2 31.42 6Shanghai BaosteelChina 22.53 22.73 7US Steel USA 21.25 19.26 8Nucor USA 20.31 18.45 9Tangshan China 19.06 16.08 10Corus UK 18.3 18.18 11Riva Italy 18.19 17.53 12Severstal Russia 17.6 15.16 13ThyssenKrupp Germany 16.8 16.55 14Evraz Russia 16.1 13.85 15Gerdau Group Brazil 15.57 13.7 16Anshan China 15 11.9 17Jiangsu ShagangChina 14.63 12.02 18Wuhan China 13.76 13.05 19Sumitomo Metal IndJapan 13.58 13.48 20Sail India 13.5 12.22 21Techint Argentina 12.83 11.42 22China Steel Corp Taiwan 12.48 11.65 23Magnitogorsk Russia 12.45 11.38 24Jinan China 11.24 10.43 25Maanshan China 10.91 9.65 26Laiwu China 10.79 10.34 27Shougang China 10.55 10.44 28Hunan Valin GroupChina 9.91 8.45 29Imidro Iran 9.79 9.41 30Ind Union/DonbassUkraine 9.52 8.55 The preceding Table has been utilised here to indicate that out of the top 30 steel companies globally, nine are located in China, with one in India and just three others coming from the European Union. The highlighted companies in colour have relevance in other sections of this study. The importance of the merger, as brought forth by the preceding discussion of the significance of regional trade blocs and national interests, is illustrated by the fact that at the time, then French President Jacques Chirac endorsed the union after the merger talks eased from being unfriendly to friendly in the face of certain guarantees concerning jobs as well as research operations (Noon, 2006). The new company represents 10% of the global market in steel and becomes a highly significant company for the European Union in the face of competition from and in China, as well as India, providing it with the resources and economies of scale to wrest deals from its rivals. 3.3 Pricing In terms of pricing, the steel industry is cyclical running through periods whereby supply exceeds demand, and then when demand exceeds supply. The recent trends has seen demand exceeding supply as steel prices have been inching upward since 2003 as China’s economy has begun to heat up, along with India taking steps to increase the demand in its economy for more products and production (domain-b.com, 2004). Table 2 – World Carbon Steel Transaction Prices (Steelonthenet.com, 2008) The preceding Table shows that upward movement that has and is making a new trend for the long embattled steel sector that had gone through heavy dumping in the 1990s as markets and the global recession dried up demand. But, that scenario seemingly looks like a thing of the long gone past, with China’s appetite just getting started, and India beginning its sit at the steel table. Prices are on the way up, as production capacity has remained relatively static with 1999 levels (DiCianni, 2007): Chart 2 – Steel Production Capacity (DiCianni, 2007) The upward trending in steel prices as a result of production capacity is reflected in the following Chart: Chart 3 – Steel Price Comparisons in Key Regions (DiCianni, 2007) The foregoing rise in steel prices is reflective of increased global demands as illustrated by the following: Table 3 – Global Steel Demand (DiCianni, 2007) The prognosis for increased prices is forecast by a broad consensus of industry analysts as caused by heightened production costs, and increased consumer demand as a result of growth markets (rediff news, 2007). Spot prices for ore are a prime contributor to the foregoing as prices have been on the increase since 2003: Chart 4 – Iron Ore Spot Prices (DiCianni, 2007) The preceding trend is highly different from the one facing the steel industry during the mid and late 1990s when too much capacity was the problem and steel prices dropped (Denoel et al, 2002). 3.4 Laws The rules governing trade laws is overseen by the World Trade Organization that also oversees the varied treaties its member nations make (WTO, 2008a). The principle tactic and the one that is subject to attention in terms of laws has been anti-dumping policies utilised by Japan as well as Russia and recently China in the early 1980s and 1990s to gain a footing in supplying steel when prices were depressed as a means to enter and secure contracts (WTO, 2008b). Dumping represents the selling of steel in foreign markets below what is charged in home markets in order to secure a foothold, and or longer term supply contracts to keep factories running (Scheurman, 1986). The anti-dumping provision has long been a measure whereby countries seek to prevent lower priced steel from competing with domestic producers and thus threatening their home markets (WTO, 2008b). An example of the foregoing is provided by Jones (2004, p. 23) in his book â€Å"Who’s Afraid of the WTO?†: â€Å"When steel imports from Japan and other countries surged in the United States in the wake of the crisis, however, it became a â€Å"trade problem, † and WTO rules prohibiting unilateral trade restraints as a stabilization tool by governments shifted blame over to the system of trade rules itself.† The laws on steel stem from this foundation, contained within World Trade Organization rules, thus it represents a confusing as well as under most circumstances self-servicing provision enacted frequently by the target country. The following provide illumination on the foregoing (Tarullo, 2002): â€Å"While not specifically proscribed by international agreements, dumping has been internationally identified as deserving of condemnation if it causes injury to an industry in the importing country. (2) U.S. law, since emulated by other countries, added to the definition sales below fully allocated cost of production, even where the price charged for the merchandise was the same as that in the importing country. Anti-dumping law generally provides for imposition of an additional import duty to equalize the price of the imported goods with the normal value, as calculated from foreign sales or from the cost of production. Most economists find the entire premise of anti-dumping law misguidedat least where there is no predatory intent or effectbecause it discourages some forms of price competition in some circumstances. Certain domestic interestsparticularly those in industries with high fixed costsare equally insistent that anti-dumping laws are necessary to protect them from forei gn producers suppressing prices by flooding domestic markets. The laws and regulations enacted by countries, which can be very complex, reinforce the suspicion of liberal traders that the laws are rigid, biased implementations of a misguided premise. Not surprisingly, disputes over imposition of dumping duties have been frequent. Exporting countries have often complained that, quite apart from the principle that dumping is bad, importing countries misuse their anti-dumping laws. The first code negotiated in the GATT to supplement the rules of the original GATT agreement was one that limited the use of anti-dumping measures. (3) New, more detailed agreements to limit national anti-dumping measures were included in both the Tokyo Round and Uruguay Round of trade negotiations. Meanwhile, use of anti-dumping measures had spread from the United States, European Union, and other industrialized countries to developing countries as well. (4) Thus, while international disagreements over dumping continue to pit some industrialized countries against Japan and many developing countries, the lines are not as clearly drawn as they were twenty years ago.† The fray over anti-dumping continues to dominate the steel sector, but the recent surge in demand is lessening such occurrences and companies scramble to ramp up production and meet increasing demand. This has been a significant tactic used in the market that could very well continue after the shakeout over which companies dominate in China as well as India settles in. 3.5 Monopolies Steel represents an important component in the health of national economies by virtue of the broad range of industries it supplies. Automotive, construction, appliances, equipment, industries machinery, pipes, plumbing and a host of other areas that underpin production are all industries that need steel. As such national interests step in, as indicated under regional trade blocks, whereby steel is akin to a national resource, in the securing of raw materials and finished output, thus the strengthening of company positions in the sector is a priority that regional and national governments seek and endorse, as evidenced by former French President Jacques Chirac’s positive comments on the Arcelor Mittal merger. From this stance, having too many producers, steel companies, weakens their position in the global market, and size enables them to introduce economies of scale in production and sales. Thus, monopolies simply are not a term that applies in this sector as a result of inten se global competition and national interests. In steel, bigger is better! Better for the steel company, national interests, domestic market supplies, and in terms of strength against their rivals. In the European Union, monopoly like status is not punishable as it is in the United States, as long as such does not harm the consumer or restrict competition (European Union, 2002). In the European Union a Monopoly is defined as (Europa, 2008): â€Å"Market situation with a single supplier (monopolist) who due to the absence of competition holds an extreme form of market power. It is tantamount to the existence of a dominant position. Under monopoly, output is normally lower and price higher than under competitive conditions. A monopolist may also be deemed to earn supra-normal profits (i.e. profits that exceed the normal remuneration of the capital). A similar situation on the demand side of the market, that is with a single buyer only, is called monopsony.† In other words, if the status of an extremely large company is not harming consumer markets and or increasing prices that are out of line with the normal costs of production, then, it is basically non actionable. The European Union’s actions against Microsoft were of a different nature in that Microsoft’s actions were restricting competition in the entire industry sector, and the company was convicted of unfair tactics (European Union, 2004). 3.6 Emerging Markets The merger of Arcelor and Mittal provided the new company with the size as well as clout to make a significant difference in emerging markets such as China due to its enhanced capabilities across all market and industry sectors (ArcelorMittal, 2008b). The foregoing increased size as well as capabilities also provides the new company with advantages in the high growth Indian market (ArcelorMittal, 2008b). The company announced immediately after its bid for Arcelor was accepted that the new plans call for boosting its presence in both the Chinese as well as Indian markets (EarthTimes, 2007). Lakshmi Mittal is of Indian decent, thus this new and larger company will provide him with increased presence in that market as a result of long standing contacts and the company’s enhanced capabilities (Forbes.com, 2007). As the world’s fifth richest person whose wealth is estimated as $32.0 billion that influence helps his aims in many areas (Forbes.com, 2007). Of particular interest is the discussion of the formation of a new regional trading block in Asia consisting of China, Japan, South Korea and India, a union that along with other countries would account for 20 percent of the world’s Gross Domestic Product, that would relegate the other major trading blocs and lesser players (Bergsten and Scollay (2001). The potential for such an arrangement has gained in strength since 2001, with increasing talks being held between China, South Korea and Japan (Asia Times, 2003). Increasing ties between China and India, as a result of the proposed cross border trade route would open up trading in the region and serve as the foundation for a new trading bloc (Hasan, 2006). The present trading Bloc, ASEAN, which was formed in 1967, consists of Indonesia, Malaysia, the Philippines, Singapore and Thailand, that represents a combined population of approximately 560 million (Association of Southeast Asian Nations, 2008). China, with its population of 1,321,851,888 (Rosenberg, 2007), along with India’s 1,027,015,247 people (indianchild.com, 2007), and Japan’s 127,288,419 (CIA World Factbook, 2007), would result in a combined trading bloc population of 2,476,155,554, or slightly more than one-third of the world’s total population of 6,602,224,175 (World Factbook, 2007a). That would dwar f the population counts of the European Union, 490,426,060 (World Factbook, 2007b), as well as NAFTA (446,078,489), with its U.S

Personal Narrative- Learning Essay examples -- Personal Narrative

Personal Narrative- Learning As the dull scent of chalk dust mixes imperceptably with the drone of the teacher's monotone, I doodle in my tablet to stay awake. I notice vaguely that, despite my best efforts in the shower this morning after practice, I still smell like chlorine. I sigh and wonder why the school's administration requires the students to take a class that, if it were on the Internet, would delight Mirsky (creator of Mirsky's Worst of the Web), as yet another addition to his list of worthless sites. Still, there was hope that I would learn something that would make today's first class more than just forty-five wasted minutes... It wouldn't be the first time I learned something new from the least likely place. I have three reasons to continue hoping. They are: my freshman physical science class, the manner in which I came to take calculus in junior year and my experiences with high school swimming. These incidents have, despite the odds against it, added to my confidence in my academic ability and have shown me that there is something to be learned from even the...

Merger and Acquisition a Survival Strategy in Business

Braiding is more than a hairstyle – it’s a cultural tradition that cuts across racial, social, economic, and geographic lines. Hair Braiding in Africa Ancient African hair braiding patterns reveal a variety of complex geometrical designs, which often pointed to characteristics of the wearer. Identity Status Religion Age Ethnicity kinship Hair Braiding in Egypt In ancient Egypt, braiding was reserved for royalty and for ceremonial rituals like weddings.Hair Braiding in America Historically, most Native American women and children wore braids to signify things: Whether a woman was married or unmarried women was based on the braids she wore. Braiding was also performed for religious rituals. Native American men wore braids with feathers, fur, leather, or beads to prepare for war. Hair Braiding in Europe According to Medieval and Renaissance artwork, upper-class women were revealed by elaborate braids and styles.Simpler braids were often chosen by common women for functiona l purposes – to keep hair cleaner between baths and to keep hair out of the way while cooking, cleaning, and performing other daily chores. The Braid Breakdown There are hundreds of different types of braids, including French braids, English braids, Dutch braids, Swiss braids, multi-strand braids, crown braids, etc. – all of them â€Å"twists† on the traditional style. Currently, 11 states have imposed a specialized license for hair braiders, and seven states require braiders to obtain a full cosmetology license.Ten states specifically exempt hair braiders from cosmetology licensing laws, and in the other 22 states, the law remains silent on the issue. We loved when Dorothy brought her braid to Oz, but no movie has made braids more famous than â€Å"Return of the Jedi† did. Who could resist Princess Leia’s many braided do’s? When your hair is divided into even rectangular or triangular sections all over your head, with the hair in each secti on twisted together and wound into a protruding knot, the style is known as African knots or Zulu knots in the U.S. In Africa, however, the style is called â€Å"chicken poop. † In the 2005 playoffs, NBA forward Vladimir Radmanovic made more headlines for his hair than for his performance on the court. His reason for going braided? He just wanted to get the hair out of his eyes. According to South African research published in the British Journal of Dermatology in 2007, tight hair braiding, especially when combined with hair-straightening chemicals, can lead to permanent bald patches and severe acne on the scalp.Yikes! In 2010, a 4-year-old was suspended from pre-K in his suburban Dallas school district because his hair was too long. The school board’s compromise that he could braid his hair and pin it up? REJECTED. |Hair braiding is an ancient art, practiced by the Ancient Egyptians as long ago as 4000 BC. |[pic] | |Today it has become a â€Å"hot â€Å" fashion tre nd with many styles, weaves and colorful ornamental | | |beads.Not only women but also men have embraced this beautiful art, creating color and style | | |beyond our ancestors wildest dreams. | | | | | |How and where did braiding begin? Hair braiding, as we know it today has its origins in West | | |Africa.The different and often complex designs signify the social status, age group and village| | |a girl has come from. The braid patterns are made up of different geometrical patterns and can | | |become quite complex for special occasions, such as marriages. | | | | | |Braiding is traditionally a social art.Because of the time it takes to braid hair the women | | |took time to socialize while braiding and having their hair done. It begins with the elders | | |making simple knots and braids for younger children. Older children watch and learn from them, | | |start practicing on younger girls and eventually learn the traditional designs. Here in America | | |you see mothers and grandmo thers braiding and putting colorful beads in little children’s hair. | |This carries on a the tradition of bonding between elders and the new generation. | | | | | |The difference between ancient and modern braiding: Nowadays, as well as the colorful beads and | | |intricate designs of our ancestors, hair weaving has become part of the traditional braiding | | |technique. This opens the door to a whole new assortment of styles and looks.The Hip Hop | | |industry has taken hair braiding and weaving to a whole new level of popularity and style, | | |allowing people from all walks of life to enjoy creating a fashion statement with hair braids | | |and weaves. Hair weaves range from real hair to a vast array of different colors and textures | | |made from synthetic hair.The traditional beads are also being developed into all sorts of | | |shapes and sizes. | | | | | |Hair Care for Braiding and Hair Weaving | | |When you decide to braid your hair or use hair weaves, your hair need s to be in good condition, | | |or you will experience breakage and damage.Your hair should have elasticity. This is a natural | | |condition of hair fibers and will be present in all hair that has not been chemically treated. | | |If you have used relaxers, bleaching, or perms, | | |these chemicals make your hair dry and brittle, it is very important to use good conditioners on| | |a regular basis to restore your hair’s natural elasticity.Be sure to discuss this with your | | |stylist, so that you can enjoy braiding styles without damaging your hair. | | | | | |Hair braiding and weaving can be quite costly, so it is essential to go to stylists who are | | |experienced and knowledgeable. Make an appointment with your stylist for a consultation, before | | |you have your hair done. | |Discuss what style is best for you, the cost and how to maintain your hair braids or weave. | | |Proper care of your hair when braiding and using hair weaves will prevent damage to your hair | | |and scalp. Hair braiding is one of the most versatile ways to style your hair and truly make | | |yourself unique, with this beautiful and ancient art form. | | [pic][pic] [pic]

High Cholesterol Essay

Everybody worries about their health right? Nowadays people really don’t care too much and only do the bare minimum to get through their life. Most people just eat what they want, and make a bunch of decisions that will only destroy your body slowly. There are many diseases out there and you can never be too safe, because your health is what keeps you going with your life. Many diseases out there people don’t even know about. Well this disease I am about to discuss can affect your health like you wouldn’t believe. This disease can be very dangerous for the human body if not properly taken care of. This disease is called â€Å"High Cholesterol†. First off, what is Cholesterol? Well â€Å"Cholesterol is a sticky, waxy, fatty substance found naturally throughout your body.†1 Cholesterol is a very important substance to maintain. Doing so will prevent a lot of diseases that can cause even more damage to your body. That’s why watching what you eat can play a huge factor in your life when it comes to health. Now I will explain to you why it is important to manage your cholesterol. Why is Important to manage your cholesterol? If the cholesterol reaches an excessive amount, it can stick to the hearts artery walls. So much so that it can block and narrow them, this is known as plaque buildup. Over a period of time if the plaque builds up at a high rate, it can lead to a much more dangerous thing called atherosclerosis which is determined to be a hardening of the arteries. People don’t realize how serious it is to watch your cholesterol. Having High Cholesterol, it can cause a serious risk for heart disease. High cholesterol is in your body, and the more it increase 9which comes with age) the more it can cause a serious disease. The thing about High Cholesterol is when you have it; you will not even know it. If you continue to consume a lot of fatty foods, or being overweight from eating too much food altogether, or even if you have a family history of such disease, you must make sure you watch your cholesterol level at all times. Did you know that if you have a bit too much cholesterol in your blood, it can cause cardiovascular disease? Well â€Å"Cardiovascular disease is the No. 1 cause of death in the United States. 2,200 Americans die of cardiovascular disease each day, an average of one death every 39 seconds.†2 After reading that statement, doesn’t it make you wonder how you can treat it? Because I am sure that scares you just like it scares me. There are many things that can cause your cholesterol level to skyrocket, so the best thing to do is learn how to prevent this from even happening. It is important to have a daily diet, watching what you eat can prevent your cholesterol level to rise. Eating healthy food such as vegetable, meats, etc†¦always make sure you stay away from fatty foods. When having a good diet, it helps you maintain your weight, which being overweight can also cause high cholesterol. Being physically fit is also another good way to maintain high cholesterol. Not only do you want to watch what you eat, you also need to make sure you exercise. Exercising is by far the healthiest to do for your body. There are many different exercises that are good for your health. Some of these exercises are running, stretching, walking, jump rope, anything to keep your blood flowing in your body so that your cholesterol level stays normal. Another major product which can affect your cholesterol is tobacco. Tobacco which not only causes high cholesterol problems, it causes death by other diseases. Staying away from tobacco is very important. Even inhaling second hand smoke is bad for you. Quitting cigarettes should be a must, especially if you’re trying to maintain good health, and lower your cholesterol level. Every 7 seconds, someone is dying from the use of tobacco products. Treating high cholesterol is basically maintaining good health. Always make sure you see your doctor at least once a month, if not twice a year. Have him check for any problems when it comes to high cholesterol. It’s really something knowing that everything we do in life can affect us as a person, especially our bodies which keeps us alive and living our lives. So always make sure you maintain good health, and watch your cholesterol level so we can stay alive and live life because life is to short. Works Cited 1. â€Å"What Is High Cholesterol?† EverydayHealth.com. N.p., n.d. Web. 03 Oct. 2012.