Tag: money

  • 55 Creative Entertainment Ideas For Your Next Event Or Meeting

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    1. Hire a comedian who can poke some fun at your CEO, do an impersonation of him, or even make light of your industry as a whole.

    2. Hire a magician that can incorporate your sales message into his magic, or cut your CEO or receptionist in half. He might even be able to vanish the CEO, much to the delight of the employees.

    3. Book a vocal improvisation group to take requests and spin them into a funny performance.

    4. Have a musician write a song about your company and play it at the event.

    5. Hire a celebrity impersonator to come to the event and sign autographs and take pictures with guests.

    6. Book a caricature artist to draw personalized sketches of each employee at the company. These are fun souvenirs as well.

    7. Book a digital caricature artist who composes his or her photos digitally on a computer right in front of your eyes. They can even personalize the backdrop to reflect the company

    or event. This is a great souvenir for the guests to take home.

    8. Book a balloon artist that makes the life size figures such as Disney characters, scenery like palm trees, huge company logos, and more. The balloon artist can do these figures with everyone watching making it an experience to watch the balloons being put together.

    9. How about a strolling juggler who can mingle through the cocktail hour.

    10. Book a stilt walker to make a big announcement for your company at an annual conference or meeting. It is a fun and guaranteed way to get everyone’s attention.

    11. A clown is a great option for events with children or families. There are also evil clowns for events with no kids or around Halloween.

    12. Book a palm reader to make psychic predictions about the future of the company or to tell people’s fortunes.

    13. Hire a reality TV star to interact with guests. They are far less money than big time Hollywood celebrities.

    14. Book a tribute band to play the songs of an artist that is popular among the guests.

    15. An a cappella group can perform on stage or stroll through the event during a cocktail hour or dinner.

    16. Hire a symphony orchestra to play at the event. You will need to consider space requirements for this type of an act.

    17. You could have a mime act out a corporate message to employees or event customers.

    18. Book a DJ to play only requested songs or songs from a certain era such as the 80’s

    19. Break dancers can be lots of fun. They are generally young, hip, and add a sense of youth to an event.

    20. How about a mariachi band for some festive music.

    21. A steel drum band can be a nice addition to a high end gala event.

    22. Booking a fire eater can be a great way to kick off the launch of a hot new product or service.

    23. Carolers can be nice addition to any holiday event.

    24. A living statue can be a great idea for almost any event. Make sure you ask for a living statue that matches closely to the theme of your event or meeting.

    25. Booking a cirque act is a great idea when the event needs something remarkable or to get a buzz going. Make sure you can accommodate for the space some of the cirque acts require.

    26. A snake charmer is a unique way break up a meeting or attract a crowd at an event.

    27. Hire a mentalist to read the minds of the guests. This is creative way that the performer can interact with the audience.

    28. How about an ice sculptor who can sculpt the company logo or a corporate message live while people watch it being carved.

    29. Acrobats provide a lively addition to an event.

    30. Singing waiters are an a cappella group dressed as formal waiters. This catches guests off guard and is an offbeat way to infuse entertainment into the dining experience.

    31. Ballroom dancers can be popular with all the dance themed TV shows like Dancing with the Stars and others.

    32. A barbershop quartet is an a cappella group where all the members wear red and white costumes, similar to that of a barbershop pole. This has a nostalgic feel to it.

    33. Dueling pianos are a fantastic way to get the audience involved with nonstop entertainment

    34. You could have your employees put on the entertainment by having a talent show and getting everyone in the company involved including the CEO. You will want to record this so everyone can watch it later on, or you may even want to send them all home with a copy, or mail it to them afterwards. You could also post them on YouTube for all to comment on.

    35. A marching band can be an official way to introduce somebody special at the event. It can also be a way of showing that the company does not take themselves too seriously if they book a fun themed marching band.

    36. Book the 60 second novelist. He comes with his own table and a manual typewriter and asks guests a few questions to get a sense of who they are, and he types out a short life story in one minute. He even binds it so guests can take it home. The story is funny, imaginative and true. This is a fun way to get people to open up and share their stories and get to know each other.

    37. Face painters are a neat way to entertain the younger kids.

    38. A choir can be a nice way to make a grandiose statement.

    39. How about an opera singer for a classy event or gala.

    40. A graffiti artist that can create a painting of someone or something with a large crowd watching. Some artists do this type of thing super fast, making it intriguing to watch.

    41. Book hula dancers to mingle on the dance floor with guests.

    42. How about Polynesian dancers to inject a unique culture into the event.

    43. A ventriloquist can be a great entertainment choice that can play well for kids or adults depending on the performer.

    44. Hire a dynamic storyteller who can weave a message about the goal of the event or meeting.

    45. An escape artist is a dramatic way to convey messages such as, escaping or breaking free of limiting beliefs and constraints. This can be a nice way to motivate employees to achieve a goal.

    46. Booking a hypnotist can provide a serious element or a comedic one.

    47. A rapper could perform a comedic rap specifically written about the company. Some rappers can even improvise this on the spot.

    48. A puppeteer is another option for younger children to keep them entertained.

    49. Hire a sword swallower to attract the crowd or if it fits into the theme.

    50. You can always hire a real Hollywood celebrity to attract the attention and buzz you need or try booking a couple of smaller celebrities to make better use of your funds and get more celebrity drawing power.

    51. You might want to book a political impersonator that is popular such as Sarah Palin or Barack Obama.

    52. A harpist can add a light musical touch without loud music. This would be nice for a laid back, high end atmosphere.

    53. How about having multiple celebrity tribute artists on stage performing a bunch of hits songs from the various artists they impersonate.

    54. Have a stage where different executives from the company do karaoke for a variety of songs.

    55. Finally, the best way to guarantee a creative entertainment experience is to have the performer or performers customize their acts to your event or meeting. This creates a memorable experience guests are sure to remember for a long time.

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    Source by Joshua Gair

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  • How And When To Use Por, Para and Porque in Spanish

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    Some beginner students (and advanced) usually have some problems with when they should use POR, PARA or PORQUE and it can be one of the most frustrating topics to learn in all of Spanish. In this lesson we are going to review some rules to recognize when we should use one or another.

    We use POR when we want to speak about the reason behind something. In this case you have to use a noun after POR.

    POR + Noun: “Me gusta Buenos Aires por el clima.” (I like Buenos Aires because of the weather.)

    “Como pollo por las proteínas que tiene.” (I eat chicken because it has protein.)

    In Spanish you should use PARA when you are speaking about the objective of an action or the objective of an object. In this case you will use the verb in the infinitive form. PARA + Infinitive Verb: “Ahorro dinero para viajar a otro pais”. (I save money to travel to another country.)/ “El lapiz sirve para escribir.” (The pencil is used to write.).

    Finally, we use Porque when you are speaking about the reason of something, but instead of using just the infinitive of the verb, we use the conjugation of the verb.

    PORQUE + Conjugated Verb: “Voy a comprarme ropa nueva porque quiero estar elegante esta noche”.

    (I am going to buy new clothes because I want to be elegant tonight.)

    So, when someone asks you: “Por que estudias espanol?”

    (Why do you study Spanish?), you can answer in different ways:

    Por mi trabajo. (Because of my job.)

    Por el crecimiento del mercado latino. (Because of the growth of the Latin market.)

    Para poder comunicarme con personas que hablan espanol. (To be able to communicate with people who speak Spanish.)

    Para viajar por Sudamerica. (For travelling around South America.)

    Porque me gusta. (Because I like it.)

    Porque quiero conseguir un trabajo mejor. (Because I want to find a better job.)

    This little lesson doesn’t cover all aspects of when to use POR, PARA and PORQUE, but it should give you a good start at understanding some important differences of when they are used. Be on the lookout for more lessons about POR, PARA Y PORQUE in the future.

    I will end this lesson by mentioning a couple of learning Spanish tools that you can use to increase your knowledge about this topic. The Practice Makes Perfect books are among the best for learning Spanish. There are currently about a dozen books in the Practice Makes Perfect series, covering various topic from vocabulary to grammar. Another one that I have recommended to my students is the Learning Spanish Like Crazy audio course which teaches informal or familiar Spanish, but not slang.

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    Source by Anna Rivera

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  • Categories of Ethical Dilemmas in Business

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    First published in Exchange, the magazine of the Brigham Young University School of Business, the following twelve categories were developed to cover the root or cause of most ethical business dilemmas that one might encounter in their jobs. I have summarized them to keep them short and simple.

    1. Taking Things That Don’t Belong To You

    Everything from taking highlighters from the storage room, to sending personal mail through the mailroom, to downloading unauthorized games to play on your work computer fall into this category. A CFO of a major corporation took a cab from the airport to his home in the city. When he asked the cabbie for receipt, he was handed a full book of blank receipts. Apparently this dilemma of accurately reporting business expenses involves more than just one employee.

    2. Saying Things That You Know Are Not True

    When a car salesperson insists to a customer that a used car has not been in a previous accident, when it has, an ethical breach has occurred. When a clerk in a store assures a customer that a product has a money-back guarantee, when only trade-ins are allowed, another ethical violation occurred (and perhaps a violation of the law).

    3. Giving Or Allowing False Impressions

    There is an urban legend in which 2 CD’s were being sold on a TV infomercial that claimed that that all the hits of the 1980’s were on the CDs. The infomercial emphasized over and over again that all songs were performed by the original artists. When they received the CDs, upon closer inspection, they found that all songs had been covered by a band called The Original Artists. While technically true, the impression given by the infomercial was false.

    4. Buying Influence or Engaging in Conflict of Interest

    When a company awards a construction contract to an organization owned by the brother of the attorney general, or when a county committee who is charged with choosing a new road construction company is traveling around the state looking at roads at the expense of one of the bidders, a conflict of interest arises which might affect the results of that choice.

    5. Hiding or Divulging Information

    Failing to divulge information from the results of a study on the safety of a new product, or choosing to take your companies proprietary product information to a new job are examples that fall into this category.

    6. Taking Unfair Advantage

    Have you ever wondered why there seem to be so many product safety rules and procedures? It is primarily the result of laws passed by government institutions to protect the consumer from companies that previously took unfair advantage of them because of their lack of knowledge or through complex contractual obligations.

    7. Committing Acts of Personal Decadence

    Over time, it has become increasing clear that the acts of employees outside of work can have a negative effect on a businesses image. This is one of the primary reasons companies are minimizing social interactions or events, outside of the office, so that drug or alcohol related events can not be tracked back to the company.

    8. Perpetuating Interpersonal Abuse

    At the heart of this category of ethical misbehavior is the abuse of employees through sexual harassment, verbal lashing, or public humiliation by a company leader.

    9. Permitting Organizational Abuse

    When an organization chooses to operate in another country, it sometimes butts up against social culture in which child labor, demeaning work environments or excessive hours are required. It is at this point that the leaders of the company have a choice…whether to perpetuate that abuse or alleviate it.

    10. Violating Rules

    In some cases, people or organizations violate rules to expedite a process or decision. In many of these cases, the results would have been the same regardless, but by violating the rules or required procedures for that outcome, they can potentially scar the reputation of the organization they work for.

    11. Condoning Unethical Actions

    Suppose you are at work one day and you notice that a colleague of yours is using petty cash for personal purchases and fail to report it. Perhaps you know that a new product in development has safety issues, but you don’t speak out. In these examples, failing to do right creates a wrong.

    12. Balancing Ethical Dilemmas

    What about a situation that would be considered neither right, nor wrong? What should be done here? Should Google or Microsoft do business in China when human rights violations are committed daily? Sometimes an organization must balance the need to do business with any ethical dilemmas that might arise from doing business.

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    Source by John Bascom

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  • Mergers and Acquisition – A Case Study and Analysis of HP-Compaq Merger

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    Brief Description

    The following is a brief description of the two companies:

    HP

    It all began in the year 1938 when two electrical engineering graduates from Stanford University called William Hewlett and David Packard started their business in a garage in Palo Alto. In a year’s time, the partnership called Hewlett-Packard was made and by the year 1947, HP was incorporated. The company has been prospering ever since as its profits grew from five and half million dollars in 1951 to about 3 billion dollars in 1981. The pace of growth knew no bounds as HP’s net revenue went up to 42 billion dollars in 1997. Starting with manufacturing audio oscillators, the company made its first computer in the year 1966 and it was by 1972 that it introduced the concept of personal computing by a calculator first which was further advanced into a personal computer in the year 1980. The company is also known for the laser-printer which it introduced in the year 1985.

    Compaq

    The company is better known as Compaq Computer Corporation. This was company that started itself as a personal computer company in the year 1982. It had the charm of being called the largest manufacturers of personal computing devices worldwide. The company was formed by two senior managers at Texas Instruments. The name of the company had come from-“Compatibility and Quality”. The company introduced its first computer in the year 1983 after at a price of 2995 dollars. In spite of being portable, the problem with the computer was that it seemed to be a suitcase. Nevertheless, there were huge commercial benefits from the computer as it sold more than 53,000 units in the first year with a revenue generation of 111 million dollars.

    Reasons for the Merger

    A very simple question that arises here is that, if HP was progressing at such a tremendous pace, what was the reason that the company had to merge with Compaq? Carly Fiorina, who became the CEO of HP in the year 1999, had a key role to play in the merger that took place in 2001. She was the first woman to have taken over as CEO of such a big company and the first outsider too. She worked very efficiently as she travelled more than 250,000 miles in the first year as a CEO. Her basic aim was to modernize the culture of operation of HP. She laid great emphasis on the profitable sides of the business. This shows that she was very extravagant in her approach as a CEO. In spite of the growth in the market value of HP’s share from 54.43 to 74.48 dollars, the company was still inefficient. This was because it could not meet the targets due to a failure of both company and industry. HP was forced to cut down on jobs and also be eluded from the privilege of having Price Water House Cooper’s to take care of its audit. So, even the job of Fiorina was under threat. This meant that improvement in the internal strategies of the company was not going to be sufficient for the company’s success. Ultimately, the company had to certainly plan out something different. So, it was decided that the company would be acquiring Compaq in a stock transaction whose net worth was 25 billion dollars. Initially, this merger was not planned. It started with a telephonic conversation between CEO HP, Fiorina and Chairman and CEO Compaq, Capellas. The idea behind the conversation was to discuss on a licensing agreement but it continued as a discussion on competitive strategy and finally a merger. It took two months for further studies and by September, 2001, the boards of the two companies approved of the merger. In spite of the decision coming from the CEO of HP, the merger was strongly opposed in the company. The two CEOs believed that the only way to fight the growing competition in terms of prices was to have a merger. But the investors and the other stakeholders thought that the company would never be able to have the loyalty of the Compaq customers, if products are sold with an HP logo on it. Other than this, there were questions on the synchronization of the organization’s members with each other. This was because of the change in the organization culture as well. Even though these were supposed to serious problems with respect to the merger, the CEO of HP, Fiorina justified the same with the fact that the merger would remove one serious competitor in the over-supplied PC market of those days. She said that the market share of the company is bound to increase with the merger and also the working unit would double. (Hoopes, 2001)

    Advantages of the Merger

    Even though it seemed to be advantageous to very few people in the beginning, it was the strong determination of Fiorina that she was able to stand by her decision. Wall Street and all her investors had gone against the company lampooning her ideas with the saying that she has made 1+1=1.5 by her extravagant ways of expansion. Fiorina had put it this way that after the company’s merger, not only would it have a larger share in the market but also the units of production would double. This would mean that the company would grow tremendously in volume. Her dream of competing with the giants in the field, IBM would also come true. She was of the view that much of the redundancy in the two companies would decrease as the internal costs on promotion, marketing and shipping would come down with the merger. This would produce the slightest harm to the collection of revenue. She used the ideas of competitive positioning to justify her plans of the merger. She said that the merger is based on the ideologies of consolidation and not on diversification. She could also defend allegations against the change in the HP was. She was of the view that the HP has always encouraged changes as it is about innovating and taking bold steps. She said that the company requires being consistent with creativity, improvement and modification. This merger had the capability of providing exactly the same. (Mergers and Acquisitions, 2010)

    Advantages to the Shareholders

    The following are the ways in which the company can be advantageous to its shareholders:

    Unique Opportunity: The position of the enterprise is bound to better with the merger. The reason for the same was that now the value creation would be fresh, leadership qualities would improve, capabilities would improve and so would the sales and also the company’s strategic differentiation would be better than the existing competitors. Other than this, one can also access the capabilities of Compaq directly hence reducing the cost structure in becoming the largest in the industry. Finally, one could also see an opportunity in reinvesting.

    Stronger Company: The profitability is bound to increase in the enterprise, access and services sectors in high degrees. The company can also see a better opportunity in its research and development. The financial conditions of the company with respect to its EBIT and net cash are also on the incremental side.

    Compelling Economics: The expected accumulation in IIP gains would be 13% in the first financial year. The company could also conduct a better segmentation of the market to forecast its revenues generation. This would go to as much as 2 and a half billion dollars of annual synergy.

    Ability to Execute: As there would be integration in the planning procedures of the company, the chances of value creation would also be huge. Along with that the experience of leading a diversified employee structure would also be there. (HP to buy Compaq, 2001)

    Opposition to the Merger

    In fact, it was only CEO Fiorina who was in favor of going with the merger. This is a practical application of Agency problem that arises because of change in financial strategies of the company owners and the management. Fiorina was certain to lose her job if the merger didn’t take effect. The reason was that HP was not able to meet the demand targets under her leadership. But the owners were against the merger due to the following beliefs of the owners:

    The new portfolio would be less preferable: The position of the company as a larger supplier of PCs would certainly increase the amount of risk and involve a lot of investment as well. Another important reason in this context is that HP’s prime interest in Imaging and Printing would not exist anymore as a result diluting the interest of the stockholders. In fact the company owners also feel that there would be a lower margin and ROI (return on investment).

    Strategic Problems would remain Unsolved: The market position in high-end servers and services would still remain in spite of the merger. The price of the PCS would not come down to be affordable by all. The requisite change in material for imaging and printing also would not exist. This merger would have no effect on the low end servers as Dell would be there in the lead and high-end servers either where IBM and Sun would have the lead. The company would also be eluded from the advantages of outsourcing because of the surplus labor it would have. So, the quality is not guaranteed to improve. Finally, the merger would not equal IBM under any condition as thought by Fiorina.

    Huge Integrated Risks: There have been no examples of success with such huge mergers. Generally when the market doesn’t support such mergers, don’t do well as is the case here. When HP could not manage its organization properly, integration would only add on to the difficulties. It would be even more difficult under the conditions because of the existing competitions between HP and Compaq. Being prone to such risky conditions, the company would also have to vary its costs causing greater trouble for the owner. The biggest factor of all is that to integrate the culture existing in the two companies would be a very difficult job.

    Financial Impact: This is mostly because the market reactions are negative. On the other hand, the position of Compaq was totally different from HP. As the company would have a greater contribution to the revenue and HP being diluted at the same time, the problems are bound to develop. This would mean that drawing money from the equity market would also be difficult for HP. In fact this might not seem to be a very profitable merger for Compaq as well in the future.

    The basic problem that the owners of the company had with this merger was that it would hamper the core values of HP. They felt that it is better to preserve wealth rather than to risk it with extravagant risk taking. This high risk profile of Fiorina was a little unacceptable for the owners of the company in light of its prospects.

    So, as far as this merger between HP and Compaq is concerned, on side there was this strong determination of the CEO, Fiorina and on the other side was the strong opposition from the company owners. This opposition continued from the market including all the investors of the company. So, this practical Agency problem was very famous considering the fact that it contained two of the most powerful hardware companies in the world. There were a number of options like Change Management, Economic wise Management, and Organizational Management which could be considered to analyze the issue. But this case study can be solved best by a strategy wise analysis. (HP-Compaq merger faces stiff opposition from shareholders stock prices fall again, 2001)

    Strategic Analysis of the Case

    Positive Aspects

    A CEO will always consider such a merger to be an occasion to take a competitive advantage over its rivals like IBM as in this case and also be of some interest to the shareholders as well. The following are the strategies that are related to this merger between HP and Compaq:

    * Having an eye over shareholders’ value: If one sees this merger from the eyes of Fiorina, it would be certain that the shareholders have a lot to gain from it. The reason for the same is the increment in the control of the market. So, even of the conditions were not suitable from the financial perspective, this truth would certainly make a lot of profits for the company in the future.

    * Development of Markets: Two organizations get involved in mergers as they want to expand their market both on the domestic and the international level. Integration with a domestic company doesn’t need much effort but when a company merges internationally as in this case, a challenging task is on head. A thorough situation scanning is significant before putting your feet in International arena. Here, the competitor for HP was Compaq to a large degree, so this merger certainly required a lot of thinking. Organizations merge with the international companies in order to set up their brands first and let people know about what they are capable of and also what they eye in the future. This is the reason that after this merger the products of Compaq would also have the logo of HP. Once the market is well-known, then HP would not have to suffer the branding created by Compaq. They would be able to draw all the customers of Compaq as well.

    * Propagated Efficiencies: Any company by acquiring another or by merging makes an attempt to add to its efficiencies by increasing the operations and also having control over it to the maximum extent. We can see that HP would now have an increased set of employees. The only factor is that they would have to be controlled properly as they are of different organizational cultures. (Benefits of Mergers:, 2010)

    * Allowances to use more resources: An improvised organization of monetary resources, intellectual capital and raw materials offers a competitive advantage to the companies. When such companies merge, many of the intellects come together and work towards a common mission to excel with financial profits to the company. Here, one can’t deny the fact that even the top brains of Compaq would be taking part in forming the strategies of the company in the future.

    * Management of risks: If we particularly take an example of this case, HP and Compaq entering into this merger can decrease the risk level they would have diversified business opportunities. The options for making choice of the supply chain also increase. Now even though HP is a pioneer in inkjet orienting, it would not have to use the Product based Facility layout which is more expensive. It can manage the risk of taking process based facility layout and make things cheaper. Manufacturing and Processing can now be done in various nations according to the cost viability as the major issue.

    * Listing potential: Even though Wall Street and all the investors of the company are against the merger, when IPOs are offered, a development will definitely be there because of the flourishing earnings and turnover value which HP would be making with this merger.

    * Necessary political regulations: When organizations take a leap into other nations, they need to consider the different regulations in that country which administer the policies of the place. As HP is already a pioneer in all the countries that Compaq used to do its business, this would not be of much difficulty for the company. The company would only need to make certain minor regulations with the political parties of some countries where Compaq was flourishing more than HP.

    * Better Opportunities: When companies merge with another company, later they can put up for sale as per as the needs of the company. This could also be done partially. If HP feels that it would not need much of warehouse space it can sell the same at increased profits. It depends on whether the company would now be regarded a s a make to stock or a make to order company.

    * Extra products, services, and facilities: Services get copyrights which enhances the level of trade. Additional Warehouse services and distribution channels offer business values. Here HP can use all such values integrated with Compaq so as to increase its prospects. (Berry, 2010)

    Negative Aspects

    There are a number of mergers and acquisitions that fail before they actually start to function. In the critical phase of implementation itself, the companies come to know that it would not be beneficial if they continue as a merger. This can occur in this merger between HP and Compaq due to the following reasons.

    Conversations are not implemented: Because of unlike cultures, ambitions and risk profiles; many of the deals are cancelled. As per as the reactions of the owners of HP, this seems to be extremely likely. So, motivation amongst the employees is an extremely important consideration in this case. This requires an extra effort by the CEO, Fiorina. This could also help her maintain her position in the company.

    Legal Contemplations: Anti-competitive deals are often limited by the rules presiding over the competition rules in a country. This leads to out of order functioning of one company and they try to separate from each other. A lot of unnecessary marketing failures get attached to these conditions. If this happens in this case, then all that money which went in publicizing the venture would go to be a waste. Moreover, even more would be required to re-promote as a single entity. Even the packaging where the entire inventory from Compaq had the logo of HP would have to be re-done, thus hampering the finance even further. (Broc Romanek, 2002)

    Compatibility problems: Every company runs on different platforms and ideas. Compatibility problems often occur because of synchronization issues. In IT companies such as HP and Compaq, many problems can take place because both the companies have worked on different strategies in the past. Now, it might not seem necessary for the HP management to make changes as per as those from Compaq. Thus such problems have become of greatest concern these days.

    Fiscal catastrophes: Both the companies after signing an agreement hope to have some return on the money they have put in to make this merger happen and also desire profitability and turnovers. If due to any reason, they are not able to attain that position, then they develop a abhorrence sense towards each other and also start charging each other for the failure.

    Human Resource Differences: Problems as a result of cultural dissimilarities, hospitality and hostility issues, and also other behavior related issues can take apart the origin of the merger.

    Lack of Determination: When organizations involve, they have plans in their minds, they have a vision set; but because of a variety of problems as mentioned above, development of the combined company to accomplish its mission is delayed. Merged companies set the goal and when the goal is not accomplished due to some faults of any of the two; then both of them develop a certain degree of hatred for each other. Also clashes can occur because of bias reactions. (William, 2008)

    Risk management failure: Companies that are involved in mergers and acquisitions, become over confident that they are going to make a profit out of this decision. This can be seen as with Fiorina. In fact she can fight the whole world for that. When their self-confidence turns out into over-confidence then they fail. Adequate risk management methods should be adopted which would take care of the effects if the decision takes a downturn. These risk policies should rule fiscal, productions, marketing, manufacturing, and inventory and HR risks associated with the merger.

    Strategic Sharing

    Marketing

    Hp and Compaq would now have common channels as far as their buying is concerned. So, the benefits in this concern is that even for those materials which were initially of high cost for HP would now be available at a cheaper price. The end users are also likely to increase. Now, the company can re frame its competitive strategy where the greatest concern can be given to all time rivals IBM. The advantages of this merger in the field of marketing can be seen in the case of shared branding, sales and service. Even the distribution procedure is likely to be enhanced with Compaq playing its part. Now, the company can look forward to cross selling, subsidization and also a reduced cost.

    Operations

    The foremost advantage in this area is that in the location of raw material. Even the processing style would be same making the products and services synchronized with the ideas and also in making a decent operational strategy. As the philosophical and mechanical control would also be in common, the operational strategy would now be to become the top most in the market. In this respect, the two companies would now have co-production, design and also location of staff. So, the operational strategy of HP would now be to use the process based facility layout and function with the mentioned shared values.

    Technology

    The technical strategy of the company can also be designed in common now. There is a disadvantage from the perspective of the differentiation that HP had in the field of inkjet printers but the advantages are also plentiful. With a common product and process technology, the technological strategy of the merged company would promote highly economical functioning. This can be done through a common research and development and designing team.

    Buying

    The buying strategy of the company would also follow a common mechanism. Here, the raw materials, machinery, and power would be common hence decreasing the cost once again. This can be done through a centralized mechanism with a lead purchaser keeping common policies in mind. Now Hp would have to think with a similar attitude for both inkjet printers as well as personal computers. This is because the parameters for manufacturing would also run on equal grounds.

    Infrastructure

    This is the most important part of the strategies that would be made after the merger. The companies would have common shareholders for providing the requisite infrastructure. The capital source, management style, and legislation would also be in common. So, the infrastructure strategies would have to take these things into account. This can be done by having a common accounting system. HP does have an option to have a separate accounting system for the products that it manufactures but that would only arouse an internal competition. So, the infrastructural benefits can be made through a common accounting, legal and human resource system. This would ensure that the investment relations of the company would improve. None of the Compaq investors would hesitate in making an investment if HP follows a common strategy.

    HP would now have to ensure another fact that with this merger they would be able to prove competitors to the present target and those of competitors like IBM as well. Even the operations and the output market needs to be above what exists at present. The company needs to ensure that the corporate strategy that it uses is efficient enough to help such a future. The degree of diversification needs to be managed thoroughly as well. This is because; the products from the two companies have performed exceptionally well in the past. So, the most optimum degree of diversification is required under the context so that the company is able to meet the demands of the customers. This has been challenged by the owners of HP but needs to be carried by the CEO Fiorina. (Bhattacharya, 2010)

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    Source by Rohit Agrawal

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  • Crossing the Mangrove by Maryse Conde

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    “Crossing the Mangrove,” by Maryse Conde is set in 1986 on the Caribbean island of Guadeloupe. The story is told through the eyes of the many inhabitants of the island who are uncomfortable with the arrival of a strange foreigner who has come to live amongst them. Francisco Alvarez-Sanchez mysterious story invokes themes of past and present Caribbean life and stories from the villagers are combined to connect the fascinating tale. The novel reflects the Creolite diversity of the inhabitants of Guadeloupe.

    In “Crossing the Mangrove,” several recurring themes prominent in Caribbean life are evident. Colonization and class perspective are amongst the more dominant themes. Guadeloupe was colonized by France in the 17th century and, like many Caribbean islands, Guadeloupe became a slave trading center. A story told by the strange recluse Xantippe shows how colonization ideals of the past are still present on the island today. As a young man Xantippe was happy go lucky. This gave the French ruled gendarmes (police) reason to interrogate him. They insinuated that he had enemies and burned his cabin down. Xantippe describes how he lost everything and his life was changed for the worse, forever. This activity is reminiscent of Cesaire’s equation: colonization = “thingification.”

    Class perspective exists on the island of Guadeloupe but to a lesser extent than in the previous novels. The Ramsaraz and Lameanes families are upscale. They own land for farming and flower nurseries. They have large houses and they drive French built Peugeots. Although a peasant and servant population exists it is not featured prominently in the novel. Instead, something of a middle class society comprises the majority class of the characters. Moise the mailman, Emile Etienne the historian, and Lucien Evarist the writer are amongst a cast of Francis middle class friends. But it is assumed that Francis belongs to the upper class due to his tales of travel and adventure, his ability to purchase the aging Alexis estate, and daily truck deliveries of household appliances such as a TV set, a refrigerator, a stereo set. The inhabitants of Riviere au Sel are envious of this and question his occupation and work ethic as a writer. They ask, “Was a writer a do-nothing, sitting in the shade for hours on his veranda, staring at the ridge of mountains for hours on end while the rest sweated it out under the Good Lords hot sun.” One must get the sense that the class perspective presented in “Crossing the Mangrove,” is a good representation of society in Guadeloupe today.

    Strong themes that are current to Guadeloupe society are that in a male dominated society women are forced into the practice of arranged marriages. But many of the women of Riviere au Sel have contempt toward their estranged husband’s and their fathers who make the unusual arrangements. Forced marriages are common and based in tradition in this island society but oddly enough explanations are not provided as to why a parent would want to marry off their young and attractive daughters to older men with dubious intentions. What is the motivation of the parents who take part in this practice? Yes, these men are wealthy and the young women will live in comfort, but are the parents receiving some compensation for their generous contribution to the men? The young women all seem to come from families that are well established. Do the parents take into consideration the trauma and unhappiness their daughters will suffer?

    In Riviere au Sel, Dinah’s father arranged for her to marry Loulou. Dinah was in favor of this but later became repulsed by her husband. Dinah said, “It’s been years since Loulou slept in my bed. Once darkness has fallen I lock my door and curl up like a fetus between my sheets.” Rosa, of Indian decent, is forced to marry Sylvester; the practice of arranged marriages is also common in India where a social caste system still exists. In her passage in the novel she wants it to be known that, “When they married me off to Sylvester Ramsaran, nobody asked for my opinion” and “Sylvester hurt me. He tore me.”

    Just as her Indian mother before her, Vilma’s marriage was to be arranged. Vilma’s father Sylvester, arranged for her to marry a man named Marins Vindrex. But Vilma revolted by running away from home saying, “Marins Vindrex. But I don’t love him.” In the ultimate act of vengeance against her father she took up with the hated Francis Sanchez. Now in a position to forever poison the appalling marriage to the dreadful Vindrex, she allowed herself to become impregnated by Francis. Sylvester is defenseless to act while the questionable motives of Francis intensify amongst the villagers of Riviere au Sel who are already suspicious of him.

    Conde connects the vinettes together in “Crossing the Mangrove,” by establishing the relationship each villager had with Francis Sanchez as the story progresses. Every member has a strong opinion or emotion about Francis. Some of those thoughts are positive and some are negative. Central to the story is the wake of Francis which is held in Riviere au Sel. It rains a lot in Riviere au Sel and on the Thursday afternoon of Francis wake, it was no different. The rain seemed to act on behave of Mother Nature in cleansing the congregation of friends, enemies, and former lovers who gathered to witness Francis swan song.

    Moise, the mailman is the first character that Conde provides us with insight into the relationship he had with Francis. Oddly enough there was some speculation in the community that there may be a homosexual relationship involving Moise and the great womanizer Francis Sanchez. “There were wicked sneers. There was something fishy about that friendship and the two men were Makoumeh! (Homosexuals). Adding even more to the oddity is the fact that many considered Moise a “Misgotten freak,” and ‘ugly.’ These allegations aside, the two were friends but the friendship was awkward and unusual. One moment we see Moise cradling Francis in his arms when something upset Francis. The next moment we see Francis accusing Moise of stealing money from his mysterious trunk.

    But Francis also had his enemies. Both Loulou Lameaulnes and Sylvester Ramsaran have similar reasons for despising Francis. Francis had sexual affairs with their daughters impregnating both of them. To these two men Francis was a villain for his indiscretions but in both cases it was the young women who approached Francis. Both women hated their fathers and hated the lives they led under their father’s roofs. Perhaps the fathers should have blamed themselves for forcing their daughters out of their arms and into the bed of Francis. Vilma and Mira both shared the same bed with Francis and both attended his wake. They did not speak to each other. Oddly, Loulou and Sylvester were also in attendance and both felt a strong sense that in Francis death justice had been served.

    The congregation exited the wake with the sober realization that they had just mourned for a man that they hardly knew. Francis had that ability. People were drawn to him but they didn’t know why. The novel ends with the inhabitants of Riviere au Sel raising the same ironic questions about Francis as when they had first laid eyes on him. “Who was Francis Sanchez? And subsequently, “Who was this man that chooses to die amongst us?

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    Source by Frank Cardello

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  • Sample Cover Letter For High School Students

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    Many teenagers who pass high school look for part time or full time jobs for earning pocket money. A job can be an experience building stepping stone if you already know what type of career you would like to make in future. Nowadays there is huge number of jobs available for high school student. You just need to prepare an effective cover letter if you want to secure a decent job.

    In this article I would like to provide a sample of a high school cover letter which would help high school students, particularly juniors and seniors who want to enter the workforce.

    Your Name

    Your Address

    Your City, State, Zip Code

    Your Phone #

    Your Email

    Date

    Employer Name

    Company

    Address

    City, State, Zip Code

    Dear Mr. /Ms. Last Name,

    I am responding to the employment opportunity listed on your website. Please accept this letter and accompanying resume as evidence of my interest in applying for this job. I feel my qualifications and my skills would prove to be an asset for your organization.

    I have recently passed high school from a well known school. Now, I am looking for an honored job that will add experience to my building career. Here are some of my key strengths that I would bring to the position. I am:

    1. A self-starter.

    2. Disciplined.

    3. An excellent communicator.

    4. Very willing and eager to learn new things.

    5. Exceptional at customer service.

    6. Great team worker.

    Accepting challenges is the foundation of my life experiences and something I do with confidence. You will find me a totally committed individual with pride in being direct, spontaneous and communicative. I can maintain records, perform numerical calculations with accuracy and I need little direction to complete assigned tasks. These are the qualities that make an excellent candidate for this post.

    I was responsible for handling and organizing various important activities in my school. I have even participated in numerous cultural activities. I have working knowledge of MS Word, PowerPoint, MS Excel and Internet.

    I would appreciate your consideration of my credentials. If you do think there is a shared interest, I would greet the chance to meet with you to hear more about your company, the requirements of the position, and how my skills would be a good fit.

    Thank you in advance for your consideration.

    Sincerely,

    Your Signature

    Your Typed Name

    I hope my article will help you in preparing a high-quality and eye-catching high school student cover letter.

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    Source by Amanda K Eaddy

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  • FORMER GHANIAN PRESIDENT TO NIGERIAN YOUTHS…

    FORMER GHANIAN PRESIDENT TO NIGERIAN YOUTHS…

    “President Muhammadu Buhari is fighting for your sake, he is stepping on toes for your sake, he is dying to create a new Nigeria, he is raising the bar for future leaders, he is laying the foundation for a brand new Nigeria, he is teaching both the young and the old that we can do better than this. He is teaching the youths accountability, probity, honesty, integrity, honour, trust, attitude, character, selfless leadership, common sense and commitment. Encourage him, support him and pray for him. It is for your own good”.

    I have been following the conversations of some young Nigerians, I have been following the body languages, I have been following their thoughts, I have been following the interactions, their desires and aspirations, as well as their frustrations and I, am running away with the thinking that they do not know President Buhari is fighting for them.

    While these young Nigerians do not know this, I am happy that I have met and had interactions with some forward-looking young Nigerians who understand very well the real games playing out in Nigeria and they know the future belongs to them.

    Now the big question is this:

    Do the youths know PMB is breaking his back for them?

    Do they know why PMB contested in 2003, 2007, 2011 and did not give up until he returned in 2015 to clinch the ticket?

    Do they know why he cried in 2011 when dawned on him that he may not make it again?

    Do you know he went to Courts on those three occasions to challenge the electoral process?

    Do they know the real reason why a man who has commanded some four or five divisions in the Nigerian Army and rose the rank of a General, a former Minister of Petroleum, former governor, former Head of State, former PTF Chairman etc want to rule Nigeria?

    Do they know the reason why he clinched the presidency in 2015 against all odds?
    Do they know why God put him there in the first place?

    Do they know the kind of road blocks the looters of Nigeria put on his way in 2015 and yet he scaled through?
    Can they remember all the hate campaigns, the type never seen in the history of Nigerian politics since the inception of Nigeria?

    Do they know why they want him dead at all cost?

    Do they know that some deadly and potentially dangerous Nigerian bigwigs planned to eliminate him forever?
    Do they know why God spared his life?

    He was saved because he has a mission to rescue Nigeria from the scourge of mindless predators and scavengers.
    He was saved because he is in the saddle for a purpose.

    He was saved because our Creator who put him there knows that everything we lack in this country, every damned thing can be traced to corruption.
    He was saved because God still loves this country.

    He was saved because Nigerian looters are getting bolder, without conscience, without remorse, without shame, without honour and without grace.

    He was saved from the cold hands of death because God has not finished with Nigeria. PMB cried in 2015 because he feared Nigeria may still lie prostrate in the next 100 years if mindless and bloody plunderers are not checkmated.

    Who would have known why Nigeria has remained poor in the midst of plenty?

    Who would have known that those who came to claim to serve all of us are men and women without souls and without conscience?
    Who would have known that some few Nigerians will have the audacity and the effrontery to steal our entire Budget without looking back?

    Can the youths see the recovered loots from the former Service Chiefs, Ministers, Judges, cabals in the Oil Industry, CEOs of federal agencies?

    Can the youths see what a former First Lady and her cronies gathered for themselves?

    Did they see what the pathological looters did with our money meant for Arms to dislodge the insurgents?

    President Muhammadu Buhari may not share these recovered loots to the youths of this country because the government does not share money.

    They will use the money to build critical infrastructure which will, in turn, drive the economy and this means more jobs. A prophet is not without honour except in his homeland. African leaders gathered in Addis Ababa recently and they crown PMB as the Anti Corruption Champion in Africa.

    Now, do we know the import of this message?

    Some people especially the corrupt ones may not know that the Train has left the Station with this monumental endorsement by African Leaders.

    At home, the man is being harassed by rogues and unrepentant thieves but outside the shores of Nigeria the man is celebrated. This is a clout!

    At 73 PMB does not need anything again. Everybody agrees that the man is not corrupt, they agree that money and things of the world mean nothing to him, they know that he is not interested in material things and they know he is fighting for the young Nigerians and generations yet unborn.

    They know he means business and they know he is unstoppable. If only they knew that there is a finger of God in all this. A school of thought says ” I freed a thousand slaves and I could have freed more if only they knew they were slaves.”

    PMB is fighting for your sake, he is stepping on toes for your sake, he is dying to create a new Nigeria, he is raising the bar for future leaders, he is laying the foundation for a brand new Nigeria, he is teaching both the young and the old that we can do better than this. He is teaching the youths accountability, probity, honesty, integrity, honour, trust, attitude, character, selfless leadership, common sense and commitment. Encourage him, support him and pray for him. It is for your own good.
    — Jerry Rawlings

    *If you do good you are doing it for yourself.*

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  • The Science of Getting Rich, by Wallace Delois Wattles – Preface

    THIS book is pragmatical, not philosophical; a practical manual, not a treatise upon theories. It is intended for the men and women whose most pressing need is for money; who wish to get rich first, and philosophize afterward. It is for those who have, so far, found neither the time, the means, nor the opportunity to go deeply into the study of metaphysics, but who want results and who are willing to take the conclusions of science as a basis for action, without going into all the processes by which those conclusions were reached.

    It is expected that the reader will take the fundamental statements upon faith, just as he would take statements concerning a law of electrical action if they were promulgated by a Marconi or an Edison; and, taking the statements upon faith, that he will prove their truth by acting upon them without fear or hesitation. Every man or woman who does this will certainly get rich; for the science herein applied is an exact science, and failure is impossible. For the benefit, however, of those who wish to investigate philosophical theories and so secure a logical basis for faith, I will here cite certain authorities.

    The monistic theory of the universe the theory that One is All, and that All is One; That one Substance manifests itself as the seeming many elements of the material world -is of Hindu origin, and has been gradually winning its way into the thought of the western world for two hundred years. It is the foundation of all the Oriental philosophies, and of those of Descartes, Spinoza, Leibnitz, Schopenhauer, Hegel, and Emerson.

    The reader who would dig to the philosophical foundations of this is advised to read Hegel and Emerson for himself.

    In writing this book I have sacrificed all other considerations to plainness and simplicity of style, so that all might understand. The plan of action laid down herein was deduced from the conclusions of philosophy; it has been thoroughly tested, and bears the supreme test of practical experiment; it works. If you wish to know how the conclusions were arrived at, read the writings of the authors mentioned above; and if you wish to reap the fruits of their philosophies in actual practice, read this book and do exactly as it tells you to do.

    –The Author

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  • The Science of Getting Rich, by Wallace Delois Wattles – Chapter 2

    There is A Science of Getting Rich

    THERE is a Science of getting rich, and it is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches; once these laws are learned and obeyed by any man, he will get rich with mathematical certainty.

    The ownership of money and property comes as a result of doing things in a certain way; those who do things in this Certain Way, whether on purpose or accidentally, get rich; while those who do not do things in this Certain Way, no matter how hard they work or how able they are, remain poor.

    It is a natural law that like causes always produce like effects; and, therefore, any man or woman who learns to do things in this certain way will infallibly get rich.

    That the above statement is true is shown by the following facts:

    Getting rich is not a matter of environment, for, if it were, all the people in certain neighborhoods would become wealthy; the people of one city would all be rich, while those of other towns would all be poor; or the inhabitants of one state would roll in wealth, while those of an adjoining state would be in poverty.

    But everywhere we see rich and poor living side by side, in the same environment, and often engaged in the same vocations. When two men are in the same locality, and in the same business, and one gets rich while the other remains poor, it shows that getting rich is not, primarily, a matter of environment. Some environments may be more favorable than others, but when two men in the same business are in the same neighborhood, and one gets rich while the other fails, it indicates that getting rich is the result of doing things in a Certain Way.

    And further, the ability to do things in this certain way is not due solely to the possession of talent, for many people who have great talent remain poor, while other who have very little talent get rich.

    Studying the people who have got rich, we find that they are an average lot in all respects, having no greater talents and abilities than other men. It is evident that they do not get rich because they possess talents and abilities that other men have not, but because they happen to do things in a Certain Way.

    Getting rich is not the result of saving, or “thrift”; many very penurious people are poor, while free spenders often get rich.

    Nor is getting rich due to doing things which others fail to do; for two men in the same business often do almost exactly the same things, and one gets rich while the other remains poor or becomes bankrupt.

    From all these things, we must come to the conclusion that getting rich is the result of doing things in a Certain Way.

    If getting rich is the result of doing things in a Certain Way, and if like causes always produce like effects, then any man or woman who can do things in that way can become rich, and the whole matter is brought within the domain of exact science.

    The question arises here, whether this Certain Way may not be so difficult that only a few may follow it. This cannot be true, as we have seen, so far as natural ability is concerned. Talented people get rich, and blockheads get rich; intellectually brilliant people get rich, and very stupid people get rich; physically strong people get rich, and weak and sickly people get rich.

    Some degree of ability to think and understand is, of course, essential; but in so far natural ability is concerned, any man or woman who has sense enough to read and understand these words can certainly get rich.

    Also, we have seen that it is not a matter of environment. Location counts for something; one would not go to the heart of the Sahara and expect to do successful business.

    Getting rich involves the necessity of dealing with men, and of being where there are people to deal with; and if these people are inclined to deal in the way you want to deal, so much the better. But that is about as far as environment goes.

    If anybody else in your town can get rich, so can you; and if anybody else in your state can get rich, so can you.

    Again, it is not a matter of choosing some particular business or profession. People get rich in every business, and in every profession; while their next door neighbors in the same vocation remain in poverty.

    It is true that you will do best in a business which you like, and which is congenial to you; and if you have certain talents which are well developed, you will do best in a business which calls for the exercise of those talents.

    Also, you will do best in a business which is suited to your locality; an ice-cream parlor would do better in a warm climate than in Greenland, and a salmon fishery will succeed better in the Northwest than in Florida, where there are no salmon.

    But, aside from these general limitations, getting rich is not dependent upon your engaging in some particular business, but upon your learning to do things in a Certain Way. If you are now in business, and anybody else in your locality is getting rich in the same business, while you are not getting rich, it is because you are not doing things in the same Way that the other person is doing them.

    No one is prevented from getting rich by lack of capital. True, as you get capital the increase becomes more easy and rapid; but one who has capital is already rich, and does not need to consider how to become so. No matter how poor you may be, if you begin to do things in the Certain Way you will begin to get rich; and you will begin to have capital. The getting of capital is a part of the process of getting rich; and it is a part of the result which invariably follows the doing of things in the Certain Way. You may be the poorest man on the continent, and be deeply in debt; you may have neither friends, influence, nor resources; but if you begin to do things in this way, you must infallibly begin to get rich, for like causes must produce like effects. If you have no capital, you can get capital; if you are in the wrong business, you can get into the right business; if you are in the wrong location, you can go to the right location; and you can do so by beginning in your present business and in your present location to do things in the Certain Way which causes success.

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