Essay The Nuclear Power Debate - 804 Words

The Nuclear Power Debate In 1953, nuclear energy was introduced into America as a cheap and efficient energy source, favoured in place of increasingly scarce fossil fuels which caused air pollution. Its initial use was welcomed by the general public, as it was hoped to lower the price of electricity, and utilise nuclear power for its potential as a resource, not a weapon. However, as people became aware of the long term dangers involved in storing nuclear waste, its use was criticised. Two accidents, at Three Mile Island and Chernobyl, demonstrated to the world the enormous risks involved in producing nuclear power. Nuclear power provides 17% of the worlds electricity but coal is the main source, making up 39%.†¦show more content†¦Nuclear power is the only practical source, in consideration for the environment, cost and efficiency. Coal-fired generation of electricity would increase carbon dioxide emissions, and renewable sources such as solar and hydro, are not suitable for large scale power generation. Nuclear power is not without its own implications. The process includes disposing of radioactive waste, which poses a threat to the environment and the world if not contained properly and temporarily disposed of with maximum security. In the thesis, Nuclear power: an energy future we cant afford, by Peter Kelly from Hamilton College, he wrote, ...wed still have to worry about terrorists making bombs out of nuclear waste. Just five pounds of plutonium, a component of nuclear waste, is enough to make a nuclear bomb. Such a bomb could topple the World Trade Centre and kill hundreds of thousands of people...Terrorists may be able to recruit disgruntled scientists... Disposing of nuclear waste is extremely controversial, because it takes thousands of years to decompose, and the radiation remains active. Other than the environmental effects of disposing nuclear waste, the potential of radioactive fallout from a faulty reactor is a dangerous possibility, and the events following the accident at Chernobyl demonstrated the long term destructiveness radiation is capable of. In 1986 at Chernobyl, anShow MoreRelatedNuclear Power Plants: Sparking an American Debate for Decades1232 Words   |  5 Pagesmore pronounced. One of the cleanest production methods in use today is nuclear power generation (Kidd). Nuclear power plants do not emit the harmful green house gases and other negative by-products associated with the more conventional systems fuelled by coal and natural gas. Nuclear power plants use nuclear reactions to drive their generators. The reactions produce extreme amounts of heat that must be managed. Most nuclear installations use water to control temperature and vent steam into theRead MoreCritical Response Essay893 Words   |  4 PagesCritical Response Essay The real debate - the pipe-dream or nuclear? Mark Kenny The Nation Mark Kennys article on the coal power versus nuclear power debate was published in the Advertiser on the 31st of October 2009. The Advertiser is South Australias only daily tabloid newspaper, and is widely distributed around South Australia allowing for a large dispersion of readers from diverse cultural backgrounds and an assortment of age groups. The article has Mark Kennys photograph situatedRead MoreThe Discontinuation of Nuclear Weaponry Creation1627 Words   |  7 Pagesthe first and only object of good government†. Have political leaders thrown aside this advice in their pursuit of nuclear arms proliferation? Since 1945, many world leaders have established forms of defense known as nuclear weapons that have the technology and capability to completely annihilate designated regions of the earth. Originally a plan for defense, the creation of nuclear arms has primarily turned into a show of military strength and superiority with little regard towards the preservationRead M oreEconomic And Environmental Pros And Cons Of Nuclear Power1411 Words   |  6 PagesENVIRONMENTAL PROS AND CONS OF NUCLEAR POWERSTATION IN UK â€Å"HARTLEPOOL† A nuclear debate on the fuel cycle to the key economic and environmental advantages and disadvantages of nuclear power was held on the 3rd of March 2016 in Coventry University 212GED oil gas students. My acting role as EdF Witness local employee from Sizewell Nuclear Power Station was to stand in favor of â€Å"Pro nuclear†. The debate was to discuss why the committee should agree to deploy a nuclear power station in Heartlepool. OurRead MoreNuclear Energy Boon or Bane1430 Words   |  6 PagesDiscussion Ideas: Nuclear Ener†¦ Next Blog » Create Blog Sign In Group Discussion Ideas An important step in interviews Home Topics About me Learn the art of Living Some positive thoughts You can suggest a new group discussion topic by posting a comment. FRIDAY, MARCH 18, 2011 Nuclear Energy in India - Boon or Bane? Points to be known:Nuclear power is the fourth-largest source of electricity in India after thermal, hydroelectric and renewable sources of electricity. There are 442 nuclear reactors in theRead MoreNuclear Power And Its Effects On The World1610 Words   |  7 Pagestheir fossil fuel dependency. Nuclear power is a relevant factor in alternative energy for policy-makers. In the 1950’s, anticipation for nuclear energy was very high, people thought that new advancements in nuclear energy would make electricity free. Nuclear power was successfully implemented for commercial use in 1954 Russia. Since then a total of 438 nuclear reactors were created around the world, including the United States, with 67 still under construction. Nuclear power support has always wanedRead MorePosition Statement-The Use of Nuclear Energy765 Words   |  4 Pages Despite the fact the countries continue to increase the production of nuclear energy, my position is that new nuclear power plants sh ould not continue to be built. The current use of nuclear power should be carefully evaluated with a plan to slowly decrease production throughout the world. The negative implications to the environment and economy support my position. The production of nuclear energy is not as safe and clean as some say that it is. The Oxford Research Group released aRead MoreNorth Korea International Relations: A Realistic Interpretation862 Words   |  4 Pagesthe nuclear threaten and the denuclearization of the Korean peninsula has recently shaped the agenda of North Korean system of international relations, thus affecting the patterns of foreign policy of the DPRK. This issue has gained such a priority to lead to the establishment of the 6PT experiment, thus proving to stand at the core of the debate on the stability and safety debate in the Northeast Asia region. The theory of Realism provides reasons why North Korea has positioned the nuclear weaponRead MoreA Proposal for the International Elimination of Nuclear Weapons1543 Words   |  7 Pages(NGOs) set out a model of the Nuclear Weapons Convention (NWC) in 1997. The model underwent revision and reforms in 2007. The text puts a proposal that international law completely eliminates and bans the use of nuclear weapons. The proposal has general support from the international system. Over the years, security at the international level has faced opposition when it comes to the disarmament of nuclear weapons. Discussions that are concerned with the risks of nuclear weapons and the options forRead MoreNuclear Power And Its Effect On The Environment1347 Words   |  6 PagesNuclear power plays a pivotal role in our lives. Nuclear power seems to be the only way to help human beings go through energy crisis and climate change. These two problems threaten global security and the stability of the en vironment. There are several advantages and disadvantages of nuclear power, so my essay is focusing on what British people really think of nuclear energy. Overview UK’s first nuclear reactor called Calder Hall was built in Sellafield in 1956. Now the UK has 18 nuclear

Organizational Strategies and Chronological Order

The word chronological comes from two Greek words. Chronos means time. Logikos means reason or order. That is what chronological order is all about. It arranges information according to time. In composition  and speech, chronological order is a method of organization in which actions or events are presented as they occur or occurred in time and can also be called time or linear order. Narratives and process analysis essays commonly rely on chronological order. Morton Miller points out in his 1980 book Reading and Writing Short Essay that the natural order of events — beginning, middle, and end — is narrations simplest and most-used arrangement. From Camping Out by Ernest Hemingway to The Story of an Eyewitness: The San Francisco Earthquake by Jack London, famous authors and student essayists alike have utilized the chronological order form to convey the impact a series of events had on the authors life. Also common in informative speeches because of the simplicity of telling a story as it happened, chronological order differs from other organizational styles in that it is fixed according to the timeframe of events which happened. How Tos and Who-Done-Its Because time order is essential in things like How-To presentations and murder mysteries alike, chronological order is the preferred method for informative speakers. Take for example wanting to explain to a friend how to bake a cake. You could choose another method to explain the process, but putting the steps in order of timing is a much easier method for your audience to follow — and successfully bake the cake. Similarly, a detective or officer presenting a murder or theft case to his or her team of police would want to retrace the known events of the crime as they occurred rather than bouncing around the case — though the detective may decide to go in reverse chronological order from the act of the crime itself to the earlier detail of the crime scene, allowing the team of sleuths to piece together what data is missing (i.e., what happened between midnight and 12:05 am) as well as determine the likely cause-effect play-by-play that led to the crime in the first place. In both of these cases, the speaker presents the earliest known important event or occurrence to happen and proceed to detail the following events, in order. The cake maker will, therefore, start with decide which cake you want to make followed by determine and purchase ingredients while the policeman will start with the crime itself, or the later escape of the criminal, and work backward in time to discover and determine the criminals motive. The Narrative Form The simplest way to tell a story is from the beginning, proceeding in time-sequential order throughout the characters life. Though this may not always be the way a narrative speaker or writer tells the story, it is the most common organizational process used in the narrative form. As a result, most stories about mankind can be told as simply as a person was born, he did X, Y, and Z, and then he died wherein the X, Y, and Z are the sequential events that impacted and affected that persons story after he was born but before he passed away. As X.J. Kennedy, Dorothy M. Kennedy, and Jane E. Aaron put it in the seventh edition of The Bedford Reader, a chronological order is an excellent sequence to follow unless you can see some special advantage in violating it. Interestingly, memoirs and personal narrative essays often deviate from chronological order because this type of writing hinges more upon overarching themes throughout the subjects life rather than the full breadth of his or her experience. That is to say that autobiographical work, largely due to its dependence on memory and recall, relies  not on the sequence of events in ones life but the important events that affected ones personality and mentality, searching for cause and effect relationships to define what made them human. A memoir writer might, therefore, start with a scene where he or she is confronting a fear of heights at age 20, but then flash back to several instances in his or her childhood like falling off a tall horse at five or losing a loved one in a plane crash to infer to the reader the cause of this fear. When to Use Chronological Order Good writing relies on precision and compelling storytelling to entertain and inform audiences, so its important for writers to determine the best method of organization when attempting to explain an event or project. John McPhees article Structure describes a tension between chronology and theme that can help hopeful writers determine the best organizational method for their piece. He posits that chronology typically wins out because themes prove inconvenient due to the sparsity of occurrences that relate thematically. A writer is much better served by the chronological order of events, including flashbacks and flash-forwards, in terms of structure and control.   Still, McPhee also states that theres nothing wrong with a chronological structure, and certainly nothing to suggest its a lesser form than thematic structure. In fact, even as long ago as Babylonian times, most pieces were written that way, and nearly all pieces are written that way now.

How Much Does Medical School Cost

Everyone knows that medical school is expensive — but exactly how much is it? Beyond the cost of tuition and fees, prospective medical students must also consider housing, transportation, food, and other costs. By planning ahead and analyzing your finances before you start medical school, you’ll improve your chances of graduating with the least amount of debt. Average Cost of Medical School Although exact tuition costs vary by year and by school, the cost of medical school has consistently increased over the last decade.  According to the AAMC, in the 2018-19 year, the cost of public medical school averaged $36,755 per year ($147,020 per degree) for in-state students and $60,802 per year ($243,208 per degree) for out-of-state students. Students attending private medical schools (in-state and out-of-state) had average costs of $59,775 per year ($239,100 per degree). Average Medical School Costs (2018-2019) Type of Medical School Average Cost Public (In State) $36,755 Public (Out of State) $60,802 Private (In State and Out of State) $59,775 AAMC Tuition and Fees Report, 2012-2013 through 2018-2019 Most notably, attending a public medical school an in-state student is roughly 40% cheaper than attending either a private medical school or an out-of-state public school. The average cost at private schools and out-of-state public schools is roughly the same. (Please note that although the AAMC distinguishes between in-state and out-of-state private schools, the difference is arbitrary, since private medical schools have one tuition rate for all students.) Keep in mind that the average costs included in the AAMC data are limited to tuition, fees, and health insurance. Other important costs to consider include housing, meals, transportation, and other living expenses. Due to the demands of medical school, students are often unable to work part-time to subsidize their education, and most find themselves graduating with significant debt. According to AAMC, 76% of medical school graduates finish school with some debt. In 2018, the median debt at graduation was $200,000 per student. While fewer private school students accumulate debt during medical school, those who do (21%) have an average debt of $300,000 or more.   With residency programs immediately following most medical school programs, recent graduates don’t begin earning at their full potential for three to five years after graduation. If you are applying to medical school, you should first seriously consider your dedication to the field, the time it will take to earn your degree, and how prepared you are to manage the debt of medical school in the early days of your residency and professional medical career. Making Medical School More Affordable From merit scholarships and student loans to government service, there are a variety of ways for medical school students to finance their education. It’s important to begin your scholarship and loan search early in the medical school application process so that you can take part in as many funding  opportunities as possible. Merit Scholarships A number of medical schools offer full or partial merit scholarships. In 2018, NYU became the first top 10 medical schools to offer free tuition to all students, regardless of need. Washington University at St. Louis announced a commitment of $100 million toward medical school scholarships during the next 10 years. Beginning with the 2019-20 class, WUSTL intends to offer full-tuition scholarships to approximately half the class and partial tuition to additional students. University of Pennsylvania Perelman School of Medicine offers 25 full-tuition scholarships each year through its Twenty-First Century Scholars program. All students accepted to the Perelman School of Medicine are considered for the scholarship. For students approaching their final year of medical school, Physicians of Tomorrow offers 10 different scholarship opportunities from a variety of sponsors. Students must be nominated by their medical school dean, and each school may submit up to two nominees. Each student may be nominated for only one $10,000 scholarship award. The Joan F. Giambalvo Fund for the Advancement of Women offers scholarships of up to $10,000 to female medical students and female medical professionals studying issues of concern to women in medicine. Applications are due each year in July, and two awards are presented annually. Government Service Supported by the U.S. Department of Health and Human Services, the National Health Service Corps Scholarship Program provides medical school funding including tuition, fees, additional education costs, and a monthly stipend for a maximum of four years. Students accepted to a degree program in the fields of primary care, dentistry, nurse practitioner, certified nurse-midwife, or physician assistant are eligible to be considered for the NHSC Scholarship Program. Accepted participants must complete one year of service in a specified underserved area for each year (or partial year) the scholarship is received. Similar to the NHSC Scholarship Program, the National Health Service Corps Loan Repayment Program provides partial repayment of loans for medical students who work in underserved areas after graduation. Depending on the level of need in the area, students can earn loan repayment amounts ranging from $30,000 to $50,000 per year for working full time for two years. The Health Professional Scholarship Program, provided by the U.S. Armed Forces, provides medical school scholarships for up to four years. The scholarships, which are offered by the U.S. Army, Navy, and Air Force, provide funding for tuition, fees, books, and health insurance, as well as a monthly stipend and a $20,000 signing bonus. Upon completion of medical school, recipients must serve one year of active duty for each year the scholarship was received, with a minimum three-year requirement. Loans The U.S. Department of Education offers loans to eligible medical school students. Applicants must complete the FAFSA to determine the amount of assistance available. Two types of government loans are available for graduate studies: Direct Unsubsidized Loans and Direct PLUS Loans. Direct Unsubsidized Loans are limited to a maximum of $20,500 per year, with an interest rate of 6.08% in 2019. Direct PLUS Loans are limited to the full cost of attendance minus any other loans, grants, aid, or scholarships received. In 2019, Direct PLUS Loans had an interest rate of 7.08%. Students should also consult the financial aid office of their undergraduate university and prospective medical schools for information regarding scholarships and private loans. Local and regional scholarship opportunities may also be found on national scholarship search sites such as scholarships.com, unigo.com, and fastweb.com.

Comparative Value Of Survival Processing - 1209 Words

The brain is a complex system, and humans are constantly exposed to different things and experiences that need to be retained. But how does it choose which memories to retain and how does it retain in the first place? Adaptive Memory: The Comparative Value of Survival Processing (Nairne, Pandeirada, Thompson) The human brain is often biased towards different subjects. The limbic system is the beginning of the memorization process, and it allows for both memorization and learning. (Cretu, Simona-Mariana, 2013) The first experiment was used to observe survival-based processing by putting test subjects through 5 different scenarios. (Nairne, J. S., Pandeirada, J. S., Thompson, S. R., 2008) The human mind often retain things regarding survival. When put into a survival based scenario, things such as food-objects and objects needed to survive were much more retainable then personal experiences and pleasantness. The survival scenario was where one must survive in a stranded grassland in a foreign land. The test subjects were given a list of words, and was asked to rate the words by relevancy to the situation on a scale of 1(totally irrelevant) to 5(extremely relevant). The second task was to rate the pleasantness of each word based on the scale of 1 (totally unpleasant) to 5 (extremely plea sant). The third task focused on imagery. The test subject was asked to rate a list of words based on the difficulty of recalling mental images on a scale of 1(low imagery) to 5 (highShow MoreRelatedStudy On Lean Manufacturing And Its Outcomes Essay1652 Words   |  7 PagesDX1407837 Faculty of Management Studies, Acropolis Technical Campus, Indore INTRODUCTION The Lean Manufacturing approach is meant to transform non-value added activity into value added activity. Lean Manufacturing technology has its impetus and focus on whole operation. Lean Manufacturing methods are inclusive of all employees and involve a major change in the embedded attitudes of the individuals that make upRead MoreIs Feminisms View On Dual Consciousness A Double Standard? Essay868 Words   |  4 Pagesare societal and brought on by cultural expectations; which leads me to all of the real questions. Lamanna, M.A., Riedman, A., Stewart, and S., (2012), mentions Dorothy Smith as just one feminist theorist who maintains that mainstream culture values masculinity more than femininity, or in layman s terms, men are more important than women (p.57). Certainly this is true across most cultures, and this is societal view that ultimately may result in a bifurcated consciousness, or dual consciousnessRead MoreA Comparative Study Of Urine From Pca And BPH Patients1711 Words   |  7 PagesIn our previous comparative study of urine from PCa and BPH patients, we identified a set of putative candidates [17] as non-invasive biomarkers for PCa. This prompted us to perform a larger comparative study, including two additional urological cancers, namely invasive low grade papillary urothelial carcinoma and early stage clear cell renal carcinoma in order to test if the urine contains proteins sensitive to detect early stages of PCa and specific enough to separate the disease from BPH and oth erRead MoreEssay about The Sociological Framework of Harriet Martineau1007 Words   |  5 Pages as field researchers and observers express a wariness about the empty universalism of speculative systems and look for ways in which to secure empirical foundations that give way to meaningful application in a pluralistic, postmodern world. The survival of sociology as a critical theoretical discipline is a concern expressed by many, such as contemporary social analyst George Ritzer, who are forging new paths of application that represent a paradigm shift in this classical social legacy. 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Changes in foreign regulation and governance can consequently be expected to affect the competitive environment for local business operators and shape demand (Kelsey, 2015), but with the cheese barn marketing its value-added products locally, it is the economic welfare of New Zealand residents that underpins the company’s success (Vis et al., 2011; †¦.) Extensive social policy reform through the 2011-2013 period resulted in a decline in welfare recipient percentagesRead MoreFinding Of China And Their Evolution Through Trade Liberalization2478 Words   |  10 Pagesin 2004† (World Trade Organization). In many methods nations try to outsource, since many c ompanies cannot produce internally, they must buy from abroad. Using this method companies find a way to survive and outsourcing becomes key for company’s survival to help them grow into a larger market. In providing an overview, we will emphasize why international trade is so important to help better understand the stages of China’s growth to become â€Å"the world’s third largest trading economy† (National BureauRead MoreThe Appreciation of Rmb2718 Words   |  11 Pagesthe RMB means that the price of various domestic resources, especially land and labor, will go up in relative terms and this will speed up necessary adjustments to the commodity mix and domestic industry. RMB appreciation will gradually change the value of the international and domestic markets. Domestic enterprises will rely more on sales to the domestic market so that national economic growth is less dependent on export demand and a more reasonable industrial structure will form. Secondly, itRead MoreTechnology And Its Impact On Society1987 Words   |  8 Pagesinformation and communication technology, the Internet has been penetrating into all aspects of social life and its influence on journalism is also inevitable. Journalism was both defined as a kind of literary style and also the method of gathering, processing and disseminating of news and information. Moreover, the Internet, which has been considered as the one of the preferred sources of news and information for many audiences and readers nowadays, has deeply affected and greatly contributed to journalismRead MoreSupply Chain Managemetn - Scm vs. Crm and Erp Essay2116 Words   |  9 PagesSupply Chain Management (SCM) and Customer Relationship Management (CRM) vs. Enterprise Resource System (ERP) a Comparative Paper. Enterprise Resource Planning System (ERP), also referred to as the traditional management system, was generated from the MRP or the Material Requirement Systems. Companies have utilized this system for well over 25 years. In its primary set up, the MRP stores data related to inventory control and production planning. The system is widespread with the use of one its

The Civilization Of Ancient Rome - 1595 Words

The civilization of Ancient Rome thrived from the sixth century BC to the fifth century AD. The Roman Empire was the second empire to conquer most of the Mediterranean Sea basin, the first being the Ancient Greeks. After taking over the former Greek Empire, the Romans assimilated many aspects of Greek culture into their own, including the Greek Architecture. The main attributions to Ancient Roman architecture are cement, the arch, the vault, the dome and centralized road systems. The Roman Architectural Revolution is also known as the Concrete Revolution. This is because during the Roman Empire s thriving period, Roman architects began to create concrete and use it to build up their structures. The first known architect to design†¦show more content†¦A typical Roman arch could support about 150 feet, which allowed the Romans to build long bridges such as the Pont Flavien Bridge. The Pont Du Gard aqueduct in modern day France was another example of the importance of Roman arches. About 1180 feet long and supported by about 47 arches on its top layer, the Pont Du Gard aqueduct was built in the 1st century AD. The Pont Du Gard aqueduct had three layers of arches supporting the structure. The aqueduct was essential to the Romans because it provided fresh water from the Alps to the western portion of the Roman Empire. Arches were architecturally stable structures that were innovated by the Romans and used in many important structures throughout the Roman Empire. Another Roman innovation that was caused by the creation of concrete was the vault. The vaults used by the Romans were intended to heighten and broaden rooms. The common Roman vault consisted of an arch at both sides and a long arched tunnel in between the two arches. Vaults were used in many temples throughout the Roman Empire to make the roofs taller and make the sanctuaries grander. An example of the use of the vault in religious building is the Church of Saint-Sà ©verin in modern day Paris, France. Reconstructed in the 11th century AD, the Church of Saint-Sà ©verin had a vault that heightened the cathedral. The maximum height of the ceiling in the cathedral is about 30Show MoreRelatedThe Civilization Of Ancient Rome1366 Words   |  6 Pages The Civilization of Ancient Rome and The Time of the Kings, From Republic to Empire: Romulus and Remus, the Etruscans, the Greeks and early influences HST 101 Spring 2015 Lance Raebel Pima Community College West Campus Tucson, Arizona Table of Contents Introduction I. Romulus And Remus founding story a. Twin brothers i. Considered to be half gods ii. Rasied by a she wolf b. Father the god of war i. Rapes Rhea Silvia their mother c. Find Rome i. Romulus then kills Remus for leadership IIRead MoreAncient Civilizations Of Greece And Rome1436 Words   |  6 Pagesshape. Unlike other member of the Dracaenaceae family the Dracaena cinnabari produces a red resin from the bark after wounding. The medicinal and coloring properties of this resin, along with other dragon trees, was recorded by the ancient civilizations of Greece and Rome. Today, it continues to be used in medicines, dyes, varnish and incense all over the world. Dracaena cinnabari belongs to the Plantae Kingdom. Its Phylum is Tracheophyta, its class is Liliopsida, its Order is Liliales, its FamilyRead MoreAncient Rome : The Ruins Of A Unique Civilization1536 Words   |  7 PagesAncient Rome Set atop seven mighty hills stands the ruins of a unique civilization. A powerful empire that grew from the fertile fields, and pleasant weather of the Italian Peninsula resided on this land. Ancient Rome was truly one of the most powerful and significant civilizations from history. 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In examining the trajectory of modern historyRead MoreGreek And Roman Civilizations : Greece And Ancient Civilizations1503 Words   |  7 Pages Greek and Roman Civilizations In examining the impact that the ancient world has had on modern Western civilization, the two ancient civilizations which are frequently understood as having had the greatest influence are Ancient Greece and Ancient Rome. These two civilizations would eventually come to shape much of what would become the modern European culture, politics and society, and by extension, a vast proportion of global culture and society. In scrutinizing the trajectory of modern historyRead MoreAncient Rome And Ancient China939 Words   |  4 PagesAncient Rome and Ancient China were two different civilizations with very different yet very similar ways of life. Culture, religion, and more importantly, politics, helped make life the way it was for those who lived in ancient rome and ancient china. 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Many of the ancient structures survived the ravages of time. This leads the modern tourist to experience the ancient civilization through much of what Ancient Rome’s engineers enduring achievements, namely, te mples, baths, aqueducts and roads (Temin, The economy of the early Roman Empire, 2006). Beyond the physical structures that survived the millennia, there are numerous modern cultural influences that are readily

Strategic Management Accounting British Telecommunication

Question: Discuss about the Strategic Management Accounting for British Telecommunication. Answer: Introduction The merger and acquisition done by British Telecommunication are the main point of discussion in this study. The study is especially focused on the merger and acquisition between BT (British Telecommunication) and EE. In the beginning of the study, the discussion covers the product market, capital market, organizational architecture of BT before acquiring the EE. After that, the discussion also includes the product market, capital market and organizational architecture of BT after the acquisition. Along with these, the study also discusses and analyzes the effectiveness of the merger and acquisition strategies taken by the management of BT in the recent past. Background of BT and EE British Telecommunication or BT is operating its business in the market of UK since 1969 (Btplc.com 2017). The organization is one of the top most organizations in the telecommunication industry in UK. The business of BT is not bounded within UK; the company has expanded its business in different countries in the world (Btplc.com 2017). The company has wide range of products including mobile telephony, digital television, fixed line telephony and broadband internet. As per 2015s financial report, the company has earned 17.851 billion revenue and 2.135 billion net profit (Btplc.com 2017). The company has taken several merger and acquisition strategies during its long life time. Everything Everywhere or EE is another company in the telecommunication industry in UK. This is comparatively new company than British Telecommunication (Ee.co.uk 2017). EE has started its business on 1st April 2010 and it provides its services only in United Kingdom. Currently, the company has 15000 employees in different areas in UK (Ee.co.uk 2017). Before merger and acquisition British Telecommunication acquired EE Limited in the year of 2016. Before acquiring EE Limited, the company was operating its business with wide product range (Samy, Odemilin and Bampton 2010). As stated above, the products of BT includes fixed line telephony, broadband internet, mobile telephony and many others. Before 2016 that means before acquiring EE, the business of BT was quite successful. The products of BT are much popular in the market of United Kingdom as well as in the international telecommunication market (Hsu and Prescott 2016). Except 2015, the company has earned good amount of revenue in each year, which indicates that the products of the company were much popular in the external market. The products of BT are not only popular in the market of UK, but these are also very popular in more 169 countries (Marrewijk 2016). The product range of the company also included the managed networked IT services and it sells this particular product to the multinational companies an d the organizational, which are run by the local and national government. On the other side, before acquiring EE Limited, the debt to equity ratio of the company was much high. This means the debt capital was more in the capital structure of the company. This indicates that the risk involved in the business of the company was more (Weber and Tarba 2016). If the debt to equity ratio of the company is considered, then it can be identified that in 2015 that means before the acquisition of EE, the debt to equity ratio was 10.88 times, which was much high. The company used more debt capital in its capital structure than that of the equity capital. Before, the acquisition, the management of British Telecommunication built the organizational architecture based on the three legged stool. The management of the company concentrated on three factors revenue, customers and management (Meghanathan 2016). The management of British Telecommunication was very attentive for increasing the revenue of the company in each year. The annual reports of the company in last few years before the EE acquisition also indicate that the company was able to increase its revenue in each financial year. The company used to enhance its revenue by grabbing the new markets. In order to grab the new markets, the company took the strategy of acquiring small and medium sized telecommunication companies in UK and other countries (Di Giulio 2016). The management believed that if they become successful in expanding the business in the new markets, then the revenue of the company grows automatically. Increasing the revenue is important to keep the organization fi nancially healthy and it is important for maintaining the sustainability of the organization (Long 2016). Due to this, the management considered this particular element or factor as one of the major pillars of the organizational architecture. The second pillar considered by the organization before the acquisition of EE was customers. The management of BT believed that customers satisfaction is one of the main aims of the company. In order to satisfy the customers, the company focused on the quality of the products and services (Evens and Donders 2016). At the same time, the management of the company also concentrated building better relationship with the customers. The third pillar of the organizational structure of BT before EE acquisition was the management. Nelson (2016) believed that if the management of an organization is not effective or efficient, then it is impossible for the organization to achieve sustainability. In order to operate the business properly, the company considered management as one of the pillar of the organizational architecture. BT acquired EE because of several reasons. However, there were three core strategies that influenced the management of BT acquiring EE. These three core strategies were as follows: Be the market leader by increasing the market share of the company to the highest extent. Increasing the product range to satisfy the customers in a better way and attracting the new customers (Curwen and Whalley 2016). Strengthening the financial health of the company by acquiring new markets or customers The above mentioned three strategies were the main influencers behind the EE acquisition. Evens and Donders (2016) stated that the management of BT identified that if they acquires EE, then they can gain at least more 30% of the market share, which will help them to become the market leader in the telecommunication industry. Practically, after EE acquisition, BT gained 33.8% of market share (Bbc.com 2017). Another fact that the management at BT understood before acquiring EE was that BT can easily provide quad-play service to its existing customers if it acquires the EE, which at that time was providing the quad-play (BT.com 2017). Providing this particular service, BT could satisfy its customers in a better was because this particular service included a bundle of services. Moreover, the by acquiring EE, the management of BT could improve the financial strength of the company because by acquiring EE, the number of customers as well as amount of revenue would increase. Therefore, due to these three reasons, the management of BT decided acquiring EE. After merger and acquisition After the acquisition of EE, the product range of BT has increased. The company has started to provide quad-play service, in which it is providing broadband, home phone, TV and the mobile contracts in a single package. Apart from this, the product range of the company has not changed much. However, the products of BT are as popular as there were before the merger. The debt to equity ratio of the company has changed much after the acquisition of EE. The company has increased the amount of equity capital in the capital structure (Hassett et al. 2017). The debt to equity ratio shows that after the acquisition of EE, the company has debt to equity ratio of 1.17, which means, the amount of debt capital and equity capital was more or less equal. This again indicates that the extent of risks in the capital structure of the company has reduced after the acquisition of EE (Gerli and Whalley 2016). After acquiring EE, the organizational architecture of the company has changed bit. The management of the company is now more focusing on employees, customers and management. The management considered that after acquisition, employees are the main pillar of success. If the employees of two different companies do not co-ordinate then it is not possible to operate the business successfully (Obaidat and Nicopolitidis 2016). On the other side, as the customers satisfaction is very important, the company considered this element as the major pillar of organizational architecture. Like before, the company has also considered management as the other pillar of organizational architecture. The share price of BT was bit fluctuating at the initial stage after the acquisition of EE. After acquisition of EE that is in the financial year 2016, the share price of British Telecommunication was in between $490 to $350 (Btplc.com 2017). However, gradually the share price of the company has declined, which is creating a major issue for the management of BT. The statistical data is showing that during March 2016, the share price of the company was $481, which decreased $438.65 in April 2016 (Btplc.com 2017). Again in May 2016, the share price of the company increased to $448.20, which again decreased to $431.15 in June 2016 (Btplc.com 2017). The share price fluctuations of the company can be better understood in the below diagram: Figure 1: Share prices of BT after acquisition of EE (Source: Btplc.com 2017) The above diagram is disclosing the fact that the share prices of BT was much fluctuating. At the same time, it can also be seen that the trend of the share price movement of the company was downward sloping. Identifying whether merger and acquisition strategy taken by BT for EE was effective or not Merger and acquisition are the most important strategies, which help the business organizations building strong financial health and expanding their business in the new markets (Obaidat and Nicopolitidis 2016). However, the success of the merger and acquisitions can be understood by analyzing the financial performances of the company after merger and acquisition. In order to identify whether the merger and acquisition strategies taken by BT for acquiring EE were effective or not, it is very important to analyze the financial performance of the company before and after acquisition of EE (Curwen and Whalley 2016). At the same time, it is also important for the organization analyzing the risks associated with the business before and after the acquisition. The analysis of the financial performance and risks of BT are shown below: Analysis of the financial performance of BT: In order to identify the effectiveness of the merger and acquisition through the analysis of the financial performance, it is important to compare the financial performance of the company before and after acquiring EE. The following table and diagram are showing the financial performance of BT before and after acquiring EE: 2014 2015 2016 Net profit (in m) 2,018 2,135 2,588 Revenue (in m) 18,287 17,979 19,042 Net Assets (in m) 9,361 19,483 31,576 Earnings per share 25.7p 26.5p 29.9p Cash inflow (in m) 684 407 459 Table 1: Financial performance of BT before and after acquiring EE (Source: Btplc.com 2017) Figure 2: Financial performance of BT before and after acquiring EE (Source: Btplc.com 2017) The above table and diagram is showing that from 2014 to 2016, the financial performance of the company has improved in terms of net profit, revenue, net assets and earnings per share (Btplc.com 2017). This indicates that after acquiring EE, the financial performance of BT has improved. However, the net cash inflow of the company has decreased. If the financial performance of the company is analyzed critically, then it can be identified that in 2014 that is before the acquisition, the net profit of the company was 2018 million, which increased to 2,588 million in 2016 (Btplc.com 2017). Therefore, it can be said that though the profits of the company has increased, the percentage of increased profit was not so high. In the year 2014, the net profit ratio of the company was 11.03%, which increased to 13.59% in 2016 (Btplc.com 2017). This indicates that the profitability of the company increased by only 2%, which cannot be considered as a good percentage increased. The same thing can al so be noticed in case of earnings per share of the company. In 2014, the earnings per share of the company were 25.7p, which was 29.9p in 2016 (Btplc.com 2017). This means that the earnings per share of the company increased by 4.2p, which was not a bit hike. Moreover, the net cash inflow of the company decreased from 2014 to 201, which indicates negative financial performance of BT (Btplc.com 2017). Therefore, from the above discussion, it can be said that after the merger with EE or after acquiring EE, the financial performance of BT has not improved to the extent, which was expected. However, the company can improve the situation by considering the following recommendations: The management at British Telecommunication can improve the financial performance of the company by concentrating on the customer services. In the surveys, it has been identified that many customers of the company are not satisfied with the after sales service provided by BT. Therefore, it can be said that if the company concentrates on this particular factor, it can satisfy the customers in a better way and if the customers are satisfied, then t can be expected that the annual sales and profitability of the company will also increase. In order to improve the cash flow position, the management of the company must take care of the debtors management techniques. Proper management of debtors will help the company increasing the liquid cash inflow. This will also help to improve the liquidity position of the company. There are many uncertainties in the market, where British Telecommunication works. Due to the rapid growth in technologies, the level of uncertainties has increased. Introduction of new technologies means the companies require providing better services and introducing new products based on the new technologies. This is important for surviving in the high competitive market (Evens and Donders 2016). Therefore, the rapid growth in the technologies is creating high uncertainties for the business of BT. On the other side, after the incident of Brexit, the level of uncertainties reached to the high level. Due to Brexit, it was uncertain whether BT will be able to operate its business properly in the markets of EU (Hsu and Prescott 2016). This was huge uncertainty because a major portion of BT business was in the market of EU. However, as the Britain left EU, it was possible that the business of BT in EU markets fall down. Conclusion In this study, it has been identified that BT is one of the large business organization in the telecommunication industry in UK as well as in the international market. In recent past, the company has acquired the business of EE Limited. Before the acquisition, the financial performance of British Telecommunication was more or less good. The management of the company thought that by acquiring EE Limited, the company will be able to improve its financial performance at the high level. However, actually, the company could not perform well after the acquisition. The study has also identified that there were some uncertainties due to the incident of Brexit and introduction of new technologies. Reference list: Bbc.com. 2017. BBC - Homepage. [online] Available at: https://www.bbc.com/ [Accessed 7 Jan. 2017]. BT.com. 2017. BT | Using the power of communication to make a better world. [online] Available at: https://home.bt.com/ [Accessed 7 Jan. 2017]. Btplc.com. 2017. BT Plc. [online] Available at: https://www.btplc.com/ [Accessed 7 Jan. 2017]. Curwen, P. and Whalley, J., 2016. The tangled web of mobile telecommunication mergers: Hutchison Whampoa, Telefnica and BT.info,18(2), pp.17-37. Di Giulio, M., 2016. Industrial policies at a time of liberalization: the internationalization of European transport enterprises.International Review of Administrative Sciences, p.0020852315618266. Ee.co.uk. 2017. EE. [online] Available at: https://ee.co.uk/ [Accessed 7 Jan. 2017]. Evens, T. and Donders, K., 2016. Mergers and acquisitions in TV broadcasting and distribution: Challenges for competition, industrial and media policy.Telematics and Informatics,33(2), pp.674-682. Gerli, P. and Whalley, J., 2016. Infrastructure investment on the margins of the market: The role of niche infrastructure providers in the UK. Hassett, M., Vincze, Z., Urs, U., Angwin, D., Nummela, N. and Zettinig, P., 2017. Cross-border mergers and acquisitions from India: motives and integration strategies of Indian acquirers. InValue Creation in International Business(pp. 109-139). Springer International Publishing. Hsu, S.T. and Prescott, J.E., 2016. The Alliance Experience Transfer Effect: The Case of Industry Convergence in the Telecommunications Equipment Industry.British Journal of Management. Long, X., 2016. Comparative Study on the Fortune Global 500Basing on the 2005-2015 Ranking.Open Journal of Business and Management,4(04), p.763. Marrewijk, A., 2016. Conflicting subcultures in mergers and acquisitions: a longitudinal study of integrating a radical internet firm into a bureaucratic telecoms firm.British Journal of Management. Meghanathan, N. ed., 2016.Advanced Methods for Complex Network Analysis. IGI Global. Nelson, R., 2016. 5G researchers take aim at moving target.EE-Evaluation Engineering,55(2), pp.6-9. Obaidat, M.S. and Nicopolitidis, P., 2016.Smart Cities and Homes: Key Enabling Technologies. Morgan Kaufmann. Samy, M., Odemilin, G. and Bampton, R., 2010. Corporate social responsibility: a strategy for sustainable business success. An analysis of 20 selected British companies.Corporate Governance: The international journal of business in society,10(2), pp.203-217. Weber, Y. and Tarba, S.Y., 2016.Mergers and acquisitions, entrepreneurship and innovation. Emerald Group Publishing.

My First Encounter With a V8 Essay Example For Students

My First Encounter With a V8 Essay Though driving is a soulful activity for some, it involves a hazards, practice, experience, assistance, concentration, yet is full of pulsating pleasure, especially if you are sitting in a Mercedes E class powered by a vertical 8 cylinder engine that is capable of producing a massive 500 horsepower. Yet with the power of driving this â€Å"beast† comes the great responsibility of being cautious, courteous, and careful and so you need an exceptional teacher to master the same. â€Å"How confident are you? my sponsor asked me as she parked her Mercedes on the side of the road looking at me from behind her Ray Bans. I wasn’t confident at all. I was afraid to put a dent on her car, afraid that the cars behind me will honk if I went slower than the normal speed limit, afraid that my sponsor will scream if I went over the speed limit, afraid that I might not be able to drive a car ever again and will have to go back to learning over the golf cart which was fairly easier to handle. I love to drive cars, two wheelers not so much. That being said, I had driven a car only once prior to this experience on an empty road at 2 am in the morning in India. Different Rules, different cars, different sides, everything was different. As soon as I positioned myself in the driver’s seat I received a fair set of instructions on how to drive the â€Å"Beast†. The automatic transmission made things easier but I could feel the eyes of my sponsor on me. I had watched her drive many times, and I made myself comfortable in the driver’s seat like she does before starting the car. Still not familiar with most of the key concepts of the car, or the road and to seek that â€Å"positive affirmation† that my sponsor always radiates through her omnipresent smile I look towards her and she says â€Å" You’ll be fine, press the brake pedal and put the transmission to drive , and the car will start to move on its own. † And so it did. I could feel the engine, its reverberation minimal yet displayed the potential to provide the thrill of a race car. Accelerating slowly I reached the speed limit of 35 sooner than I thought, and blocking most of the noises out I concentrated on the voice of my sponsor as she guided me in aligning the â€Å"beast† in the proper way as we rode on a bumpy stretch. Approaching the first turn, I lost momentum and started to brake, and as soon as I tried to turn the car to my right it glided in a smooth turn. Next instruction was to keep the car towards the left side while driving along the curves and bends of the hills. The scene threw me back to the days I played a racing video game with a similar backdrop, the difference being that I wasn’t a kid anymore. â€Å"It’s easier than I thought† I started, but my sponsor interrupted me, â€Å"Keep your eyes on the road. † Alarmed, I turned back with an almost inaudible â€Å"Yes† trailing behind. I started to take my left foot of the brake and accelerated from my right foot as I entered one of the main gates when my sponsor noticed that I had both feet in use. â€Å"Are you using both your feet? † she asked. I replied in affirmation and she shook her head as I started to slow down thinking I made a grave mistake and could visualize the golf cart mocking me. â€Å"Aye dios mio! † she exclaimed, in the tone that I came to realize as her expression of amazement. â€Å"You either brake or accelerate. Never both on the same time! â€Å"she laughed as she patted my thigh. â€Å"It’s still new to me and I am still not confident enough to trust one foot to control the car. â€Å"I confessed meekly to which she replied with a very understanding â€Å"ok† smiling as I gained some more momentum driving up and down the curves. .u9dd6d77eeb24cab3e25ab4bafa23ad7e , .u9dd6d77eeb24cab3e25ab4bafa23ad7e .postImageUrl , .u9dd6d77eeb24cab3e25ab4bafa23ad7e .centered-text-area { min-height: 80px; position: relative; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e , .u9dd6d77eeb24cab3e25ab4bafa23ad7e:hover , .u9dd6d77eeb24cab3e25ab4bafa23ad7e:visited , .u9dd6d77eeb24cab3e25ab4bafa23ad7e:active { border:0!important; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e .clearfix:after { content: ""; display: table; clear: both; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e:active , .u9dd6d77eeb24cab3e25ab4bafa23ad7e:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e .centered-text-area { width: 100%; position: relative ; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e:hover .ctaButton { background-color: #34495E!important; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e .u9dd6d77eeb24cab3e25ab4bafa23ad7e-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u9dd6d77eeb24cab3e25ab4bafa23ad7e:after { content: ""; display: block; clear: both; } READ: Meaning of Life EssayWe reached the entrance to our private hill when I looked questioningly towards my sponsor and even before I could utter a word she said, â€Å"Go on. † I accelerated in the same manner as I would while driving the golf cart straight ahead over an estimated angle of 40 ° but then came the dreaded turn and I made the rookie mistake of braking. â€Å"No † my sponsor exclaimed reaching for the wheel. â€Å"Accelerate, turn and then turn to straighten the car back. Watch for the edge, that is the dangerous part. And yes it was. â€Å"The edge was not fenced and if the car happened to slip, it would roll down and hit a tree† I calcul ated. I did as she asked. The car engine revved as I accelerated it on the climb from a stand still. My sponsor still held on to the wheel and helped me roll the steering wheel back fast enough for the car not to slip. The exhilarating experience came to an end as I made the last turn into our driveway as my sponsor said getting off of the car, â€Å"You did pretty good !.. Just need to practice. † with a smile as she gathered her belongings. My Sponsor is someone I look up to, just like Sherman Alexie looked up to his father in the chapter â€Å"The Joy Of Reading And Writing- Superman And Me† as Alexie said â€Å"My father loved books, and since I loved my father with an aching devotion, I decided to love books as well. † in his writing. I respect her and her way of living mesmerized me to the extent that I adopt it in my own way of living. The way she took a parental role over me has and will help me learn and adapt to this foreign culture just like the author learned under the supervision of an elderly maid in the chapter â€Å"What’s Your Name Girl? â€Å"by Maya Angelou, only here she is free and there is no oppression over me, but education still is the prime motive for both of us. She understands the importance of driving as it relates with the freedom to participate in so many other things around me and have the sense of freedom that only a few come across and that I learned is the ultimate reason behind driving.