How to write good college essays
Writing A Compare And Contrast Essay With 2 Topics
Monday, August 24, 2020
Napoleon the Tyrant essays
Napoleon the Tyrant articles Beliefs of the Enlightenment and the French Revolution were both attached from the craving to cancel supreme power, guarantee the characteristic privileges of men, and build up a steady government. Napoleon Bonaparte, a conspicuous military general and French Emperor, took a stab at these political philosophies, yet was degenerate in his method of moving toward them. He was carefully pretentious and narrow minded; these attributes served uniquely as an impetus to his annulment. Mohandas Gandhi, a pacifistic progressive that drove Indias liberation, expressed that force dependent on affection is a thousand times increasingly successful and lasting then the one got from dread of discipline. Napoleon, in any case, held onto authority over France by administering severely and savagely; residents tailed him just in dread of his endless force. Despite the fact that Napoleon helped set up political and social correspondence in France, his wild want for individual matchless quality stifled t he beliefs of the transformation and damaged the fundamental standards of the edification. Napoleons individual covetousness for power drove him to encroach the fundamental standards of the upheaval on the rights to genetic and supreme principle. Robespierre, an illuminated pioneer of the Jacobins, expressed that the reason for the French Revolution was to cancel total government and organization a law based or republican government that could help increment political equity inside a country (Robespierre). Be that as it may, Napoleon dismissed any republican type of government; he was exclusively worried about keeping up a genetic force, which... may suffer for ages, in any event, for a considerable length of time (Selected). Amusingly however, in wants to pick up prevalence among individuals from the third domain, he canceled the intensity of the honorability and delegated governors that were faithful to the focal government. In addition to the fact that he crowned himself sovereign of France, yet additionally, he set up a supreme court and the individuals from his... <!
Saturday, August 22, 2020
Dominican Republic: From a Colony to the Caribbean’s Largest Tourist Destination
Following three centuries of Spanish standard, with French and Haitian breaks, the nation got free in 1821 under the standard of a previous pioneer judge who kept up the arrangement of servitude and restricted rights for the generally mulatto and dark populace. The ruler, Jose Nunez de Caceres, expected that the Dominican Republic be a piece of the country of Gran Colombia, however he was immediately expelled by the Haitian government and ââ¬Å"Dominicanâ⬠slave revolts. Triumphant in the Dominican War of Independence in 1844, Dominicans experienced generally inside difficulty, and furthermore a short come back to Spanish principle, throughout the following 72 years. The United States control of 1916ââ¬1924, and an ensuing, quiet and prosperous six-year time frame under Horacio Vasquez Lajara, were trailed by the fascism of Rafael Leonidas Trujillo Molina until 1961. The common war of 1965, the nation's last, was finished by a U. S. - drove mediation, and was trailed by the dictator rule of Joaquin Balaguer, 1966ââ¬1978. From that point forward, the Dominican Republic has advanced toward agent democracy,[4] and has been driven by Leonel Fernandez for more often than not after 1996. The Dominican Republic has the second biggest economy in the Caribbean and Central American area. [10][11] Though since quite a while ago known for sugar creation, the economy is presently commanded by administrations. [4] The nation's monetary advancement is exemplified by its propelled media transmission framework. [12] Nevertheless, unemployment,[4] government defilement, and conflicting electric assistance stay significant Dominican issues. The nation likewise has ââ¬Å"marked salary inequalityâ⬠. [4] International relocation influences the Dominican Republic enormously, as it gets and sends huge progressions of vagrants. Haitian migration and the joining of Dominicans of Haitian plummet are significant issues; the all out populace of Haitian starting point is assessed at 800,000. [13] An enormous Dominican diaspora exists, the vast majority of it in the United States, where it numbers 1. 3 million. [14] They help national advancement as they send billions of dollars to their families, representing one-tenth of the Dominican GDP. [4][15] The Dominican Republic has become the Caribbean's biggest vacationer goal; the nation's all year fairways are among the top attractions. [12] In this precipitous land is found the Caribbean's most noteworthy mountain, Pico Duarte, as is Lake Enriquillo, the Caribbean's biggest lake and least height. [16] Quisqueya, as Dominicans frequently call their nation, has a normal temperature of 26 à °C (78. 8 à °F) and incredible natural assorted variety. [12] Music and game are of the most noteworthy significance in Dominican culture, with merengue as the national move and tune and baseball the most loved game. [5]
Saturday, July 25, 2020
Esaay on Issues of American Food
Esaay on Issues of American Food The Issues of American Food Apr 5, 2019 in Persuasive Essay Introduction Americans are highly dependent on fast food and other ready-made food. Due to the increased demand for food in America, Ministry of Agriculture has adopted scientific methods of food production. As a result, this has led to increased use of chemicals in food production (Penson, John, and Taylor 33-66). Chemicals that trigger the growth such as steroids are used to maximize the supply of food products. As a result, many people have faced the risk of suffering from different chemical-related diseases and disorders such as cancer which has led to the great number of deaths. In addition, this has raised great public concern among the Americans on the supply of food. Nowadays, the burning issue is whether the food produced is safe for human consumption. In fact, the problem was triggered by the increased number of food-related illnesses in American society. Therefore, this paper investigates whether American food is harmful for human being or not.
Friday, May 22, 2020
A Dolls House by Henrik Ibsen - 1099 Words
A commonality in society is the portrayal of women as the ones who always ââ¬Å"take the fallâ⬠for others. It is women who, on most occasions, give themselves up for the benefit of others, which negatively impacts their welfare. In Henrik Ibsenââ¬â¢s A Dollââ¬â¢s House, the characters of Nora Helmer, Mrs. Linde and Anne-Marie each exemplify the sacrificial qualities often implemented by women. They show that the negative effects of womanhood occur regardless of age, economic status, or social class. From the onset of the play, Nora reveals to the audience that she has a secret, which is the source of the burden she carries for the majority of her relationship with Torvald. She broke the law and ââ¬Å"procuredâ⬠money from Krogstad using her fatherââ¬â¢s forged signature, as a remedy for her sickly husband, who knew nothing about this (Act I). She did this behind his back because he wanted to live a ââ¬Å"no debt, no borrowingâ⬠lifestyle (Act I). Her tone is seen to be cheerful, which is a direct contradiction, because although she appears happy on the outside, she is fighting a war with guilt on the inside. This is an example of a major sacrifice that Nora executes merely to save health of her husband, and the audience is shown through her use of words like ââ¬Å"wonderfulâ⬠and ââ¬Å"lovelyâ⬠that then transgress to words like ââ¬Å"dreadfully difficultâ⬠just how she wore a type of mask that made her appear happy and worry free, but she was in fact full of anxiety and anguish (Act I). These emotions were all aShow MoreRelatedDollââ¬â¢s House by Henrik Ibsen1126 Words à |à 4 PagesHenrik Ibsen wrote the book, Dollââ¬â¢s House, in the late 1870s about the life of the common woman in Norway during the 1870s. The book gave society an inside of look of the life women in general. Woman during this time were oppressed and men were contemptuous towards women. Women that opposed their husband were considered men tally insane and sent to a mental institution. The book is about a domesticated woman named Nora. Nora lives in a house with her husband and their three kids. Nora main job toRead MoreA Dolls House by Henrik Ibsen1725 Words à |à 7 Pagessuffrage, took place from 1848-1920. In the drama A Dollââ¬â¢s House by Henrik Ibsen, readers are presented with what seems to be the perfect little American dream home. Anti-feminist values are presented immediately in the first scenes of the play and carry out until the end. The play was written in 1879, a time when the feminist movement was just starting to take shape and become well known. The drama A Dollââ¬â¢s House has feminist themes that indicate Henrik Ibsen to be a supporter of the feminist movement throughRead MoreA Dolls House by Henrik Ibsen1492 Words à |à 6 PagesA Dollââ¬â¢s House by Henrik Ibsen was written in 1879 during the Victorian Era. The story is written as a play to be performed on stage. The two main characte rs Nora and Torvald Helmer are upper middle class husband and wife, but it boils down to social expectations. Conflicts arise when women are under their husbands rule for everything and society pressure to keep up appearances. Torvald Helmer is the antagonist to Nora, his wife, because he is mostly concerned about his reputation, he is the supremeRead MoreA Dolls House, by Henrik Ibsen1539 Words à |à 7 PagesThe themes of ââ¬Å"objecthoodâ⬠and ââ¬Å"feminine liberationâ⬠in Henrik Ibsenââ¬â¢s A Dollââ¬â¢s House as conveyed through the characterization of Torvald and Nora, diction, stage directions and structure in two integral scenes. Henrik Ibsenââ¬â¢s A Dollââ¬â¢s House conveys the story of a wifeââ¬â¢s struggle to break away from the social norms of late nineteenth century middle class Europe. Throughout the play, Ibsen focuses on Noraââ¬â¢s characterization and experiences and thus this leads the reader to perceive her as the protagonistRead MoreA Dolls House by Henrik Ibsen1556 Words à |à 7 Pagesprevalent in a variety of literary selections. This paper will focus on animal imagery in Henrik Ibsens A Dolls House by using the reader response strategy. In the play A Dolls House by Henrik Ibsen, animal imagery is used in the development of the main character Nora. It is also later found that the animal imagery is a critical part in understanding who Nora is and how other characters perceive her. Ibsen uses creative animal imagery to develop Noras character throughout the play. The animalRead MoreA Dolls House by Henrik Ibsen1829 Words à |à 7 Pages Henrik Ibsen, writer of his most famed play A Dollââ¬â¢s House. Ibsen emphasizes on small-town life in this play. A Dollââ¬â¢s House takes place in the 1880s in Europe/Norway and based on a married couple, Torvald Nora, who are considered to be middle class. The main character Nora in Ibsenââ¬â¢s play, A Dollââ¬â¢s House, seems to give this false installment of her identity. She is both unpredictable and childlike. The entire first and second act she spends giving this hidden subtext that she is unreliableRead MoreA Dolls House by Henrik Ibsen868 Words à |à 3 Pagesmoney is considered to hold the most power. In the case of the household, the person who holds the most power is the person who handles the money, and in our man-centric world, it is usually the man who holds both money and power. In Henrik Ibsens play A Dollââ¬â¢s House, the theme of money is used to establish power roles between the characters of the play, and how the theme contributes to typical gender roles in the 19th century. A womans duty in the 19th century was to exhibit ââ¬Å"piety, purity, submissivenessRead MoreA Dollââ¬â¢s House by Henrik Ibsen Essay961 Words à |à 4 PagesIn Henrik Ibsenââ¬â¢s play A Dollââ¬â¢s House, pointedly captures the reality of the Victorian Era within the play. Nora Helmer, the protagonist of the story, represents the typical women in society during that era. The audienceââ¬â¢s first impression of Nora is a money obsessed, childish, obedient house wife to her husband, Torvald Helmer. However, as the play progresses one can see that Nora is far from being that typical ideal trophy wife, she is an impulsive liar who goes against societyââ¬â¢s norm to be whomRead More A Dolls House by Henrik Ibsen Essay842 Words à |à 4 PagesA Dolls House by Henrik Ibsen ââ¬Å"A dolls houseâ⬠was written by Henrik Ibsen and produced by famous actors during the time of the 1800ââ¬â¢s; in fact it was the year of 1879 to be precise. It was around this time that many different Social, cultural and historical moments were changing through time, leaving the end result to change not only one country but had an effect on most of the world. For this section of the work I will be carefully discussing with you the issues of; * Social events Read More A Dollââ¬â¢s House by Henrik Ibsen Essay1111 Words à |à 5 PagesA Dollââ¬â¢s House by Henrik Ibsen The play ââ¬Å"A Dollââ¬â¢s Houseâ⬠by Henrik Ibsen is about a wife that is hiding a big secret from her overprotective husband. The play takes place on Christmas Eve till the day after Christmas. Nora Helmer and Torvald Helmer have been married for 8 years, yet Nora is hiding something from Torvald that she thinks would ruin everything if he found out. It opens up with Nora coming home and decorating the house for Christmas and making preparations. They have 3 children:
Friday, May 8, 2020
The Rational Decision Making Process - 1630 Words
A rational decision implies that a qualitative and considered thought process was undertaken in order to reach an optimal outcome. Although there are defined rules that add structure to the rational decision making process (Tripathi PNP 2007; Williams, McWilliams 2013), according to contingency theory and with respect to the rationality paradigm, there are limits to which an optimal outcome is realised (Morgan 1986, p. 167; Schoonhoven 1981, p. 352). External factors such as government, customers, competitors and suppliers all impose their constraints that influence the final decision. Contingency theory suggests that the final decision is ultimately determined by the organisationââ¬â¢s overall objectives coupled with real world limitations, and consequently all rational decisions take the form of bounded rationality and therefore should be considered suboptimal (Todd Gigerenzer 2003, p. 144; March Simon 1958, p. 269). However, there is another view that considers rational dec isions made independently and unbounded will become optimal, or more accurately stated, maximising the expected utility (Von Neumann Morgenstern 1944). Nash (1950) postulated the Nash Equilibrium (NE) and has since been implicated in many aspects of human endeavour, and one of which is rational decision making. A facet of NE shows that a rational decision becomes optimal when a considered decision is made within the context of the organisationââ¬â¢s objectives and is independent of others. BecauseShow MoreRelatedRational Decision Making Process2753 Words à |à 12 PagesCONTENT Abstract 1.0 Introduction 1.1 Steps to Problem Solving Process 2.0 Defining Problems 2.1 Problem Statement 3.0 Identifying Decision Criteria 4.0 Allocating Weights to Each Criteria 5.0 Developing/Generating Alternatives 6.0 Evaluating Alternatives 6.1 Potential Solution Evaluation Checklist: 6.2 When should you evaluate potential solutions? 6.3 Criterion ââ¬â weight matrix 7.0 Selecting the Optimal Decision/Alternatives 7.1 Selection of alternatives 7.2 Pros and ConsRead MoreDecision Making Cycle1030 Words à |à 5 Pagesà § The principles involved in managerial decision making and effective problem solving. The Rational Decision Making emerges from Organizational Behavior. The process is one that is logical and follows the orderly path from problem identification through solution. The Rational Decision Making is a seven step model for making rational and logical reasons: Define the problem The very first step which is normally overlooked by the top level management is defining the exact problem. ThoughRead More Rational Decision Making Model Essay1605 Words à |à 7 PagesRational Decision Making Model Abstract What is a decision? The word decision can be defined as, ââ¬Å"the act of reaching a conclusion or making up ones mindâ⬠(American Heritage, 2000). Essentially, a decision is a choice that an individual or a group of people makes. A decision can be a single action, an entire process, or even just a single spoken word or gesture. Decision-making is one of the defining characteristics of leadership. Making decisions is what managers and leaders are paid toRead MoreDecision Making Of A Public Policy929 Words à |à 4 PagesDecision-making in Public Policy has evolved into two camps: the camp that favors decision-making based more on techniques derived from mathematics, economics, and management science; and the camp that favors decision-making based more on politics. The former is often referred to as ideal decision-making, while the latter is referred to as real decision-making. Decision-making in management science is taking into account suppositions that complex issues can be broken down into littler parts thatRead MoreDecision Making Of A Bse Veterinary Service846 Words à |à 4 PagesDecision Making Companies all over the world are faced with decision daily. Some decisions are small in nature with minimal effects on the company or its employees. While other decisions have a tremendous effect on the entire company. This paper will provide a detailed description of the top three ways to make decisions, such as the rational model, the organizational process model, and the collaborative model. Also, provide some techniques for making decisions. Furthermore, one of these models willRead MoreRational Decision Making Model1679 Words à |à 7 PagesAbstract What is a decision? The word decision can be defined as, the act of reaching a conclusion or making up ones mind (American Heritage, 2000). Essentially, a decision is a choice that an individual or a group of people makes. A decision can be a single action, an entire process, or even just a single spoken word or gesture. Decision-making is one of the defining characteristics of leadership. Making decisions is what managers and leaders are paid to do, and is an integral part of theirRead MoreDecision Making : An Essential Skill Of A Productive And Successful Manager1089 Words à |à 5 PagesDecision-making is an essential skill of a productive and successful manager as it has direct impact on the organization and team. Decision-making is the process of ââ¬Ëselecting an alternative from among choices that are accessible.ââ¬â¢ There are three main models of decision-making, these include rational, intuition and bounded rationality model. These provide an effective option of dealing with decision-making, and also helps to build support for the final decision and active commitment to that decisionsRead MoreDecision Making An Effective Decision1094 Words à |à 5 PagesDecision-making is an important process. It can be a task, which needs a simple decision to be made or a difficult situation involving several issues. In difficult situations, there may be uncertainty and complexities, wherein there may be interrelated factors that could lead to high-risk consequences, the impact of the decision made could be very important. Every situation will have its own set of uncertainties and consequences. Interpersonal issues too come in the way of making an effective decisionRead MoreThe Rational Thinking Is Very Powerful Word1464 Words à |à 6 PagesIntroduction The Rational Thinking is very powerful word as it help us in making a decision which is appropriate. As in rational thinking there is logical and reasonable thinking and the decision maker is free from all the restriction such as sentiment. So the decision is made on the basis of original facts and knowledge not on the sentiment. As all the people have the ability to make the logical decision to every problem but they face a sentiment due to which they usually take decision without thinkingRead MoreLogical Selection of Reasoning and Facts in Rational Decision Making1240 Words à |à 5 PagesRATIONAL DECISION MAKING Rational decision making is a decision making model that involves the logical selection among possible choices that is based on reasoning and facts. In a rational decision making process a business manager will often employ a series of analytical steps to review relevant facts observation and possible outcomes before choosing a particular course of action. Rational decision making can also be termed classical decision making. Rational decision making is part of the normative
Wednesday, May 6, 2020
Buddhism is the reality Free Essays
Emptiness in ââ¬ËBuddhismâ⬠is the reality of the existence of ourselves, and all the phenomena around us. According to the Buddhist point of view, seeking reality and seeking liberation amount to the same thing. The person who doesnââ¬â¢t want to seek reality doesnââ¬â¢t really want to seek liberation. We will write a custom essay sample on Buddhism is the reality or any similar topic only for you Order Now If you have to look for it outside yourself, in another place, then you are mistaken. You cannot seek reality outside yourself because you are reality. Perhaps you think that your life, your reality was made by society, by your friends? If you think that way you are far from reality. if you think that your existence, your life was made by somebody else it means that you are not taking the responsibility to understand reality. You have to see that your attitudes, your view of the world, of your experiences, of your girlfriend or boyfriend, of your own self, are all the interpretation of your own mind, your own imagination. They are your own projection, your mind literally made them up. If you donââ¬â¢t understand this then you have very little chance of understanding emptiness. You cannot seek reality outside yourself because you are reality. Perhaps you think that your life, your reality was made by society, by your friends? If you think that way you are far from reality. if you think that your existence, your life was made by somebody else it means that you are not taking the responsibility to understand reality. A basic doctrinal assertion in the Buddhist tradition states that Buddhism or ââ¬Å"no selfâ⬠means that no permanent identity comtinues from one period of time to the next. This according to them is not a pessimistic point of view but rather a simple realistic acceptance of the constantly changing human personality and all of reality as well. They understand that if everything changes, then it is possible for everything on earth to become new. If they grasp fully the essence of ââ¬Å"emptinessâ⬠, then it would be possible to face even the toughest situations in life with a feeling of lightness and peace of mind. With this in mind, one can begin to understand what it means for a Buddhist to cross out the word ââ¬Å"Iâ⬠. Buddhists can begin to erase this word by reallizing that there is no permanent self to hold onto or protect. Furthermore, emptiness is a mode of perception, a way of looking at experience. It does not add or subtract anything from the actual data of physical and mental events. It is looking at the incidents or happenings in the mind and the senses without any thought of whether thereââ¬â¢s anything lying behind them. In this mode one does not act or react to any events that transpire which would mean a deeper involvement thus complicating the matter. To master the emptiness mode of perception requires firm training in virtue, concentration and discernment. Without this training, the mind stays in the mode that keeps creating stories and world views. And from the perspective of that mode, the teaching of emptiness sounds simply like another story or world view with new ground rules. It seems to be saying that the world doesnââ¬â¢t really exist,or else that emptiness is the great undifferentiated ground of being from which we all came and to which someday we will all return. QUESTION # 2 Snyderââ¬â¢s poetry has the grandeur and detail of nature, and the mental disciplines of Zen Buddhism. He writes I the first person, as individual in the wilderness, but the beauty and glory of the wilderness allows that individual the status of a common man. For Snyder, symbol and metaphor cause a distancing from the thing itself,the thing itself is at least enough. Love and respect for the primitive tribe, honour accorded the Earth, the escape from city and industry into both the past and the possible, contemplation, the communal, peace, and the ascetic. There is not much wilderness left to destroy, and the nature in the mind is being logged and burned off. Industrial-urban society is not ââ¬Å"evilâ⬠ut there is no progress either. (quoted in David Kherdian, Six San Francisco Poets, Fresno, Calif. , 1969). ââ¬Å"Wild Mindâ⬠according to Gary means elegantly self-disciplined, self-regulating. In wilderness nobody has a management plan for it. Care for the environment is like noblesse oblige. You donââ¬â¢t do it because it has to be done. You do it because its beautiful. You are not being anxious to do good, or feels obligation or anything like that. In ââ¬Å"The Practice of the Wildâ⬠Gary introduced a pair of distinctive ideas to our vocabulary of ecological inquiry. Grounded in a lifetime of nature and wilderness observation, Snyder offered the ââ¬Å"etiquette of freedomâ⬠and ââ¬Å"practice of the wildâ⬠as root prescriptions for the global crisis. Informed by East-West poetics, land and wilderness issues, anthropology, benevolent Buddhism, and Snyderââ¬â¢s long years of familiarity with the bush and high mountain places, these principles point to the essential and life-sustaining relationship between place and psyche. To Snyder, value also translates as responsibility. Within his approach to digging in and committing to a place is the acceptance of responsible stewardship. Snyder maintains that it is through this engaged sense of effort and practice-participating in what he salutes as ââ¬Å"the tiresome but tangible work of school boards, county supervisors, local foresters, local politicsâ⬠-that we find our real community, our real culture. Many of Snyderââ¬â¢s original arguments addressing pollution and our addiction to consumption have by now become mainstream: reduced fossil fuel dependence, recycling, responsible resource harvesting. Others remain works-in-progress: effective soil conservation, economics as a ââ¬Å"small subbranch of ecology,â⬠learning to ââ¬Å"break the habit of acquiring unnecessary possessions,â⬠division by natural and cultural boundaries rather than arbitrary political boundaries. As an ecological philosopher, Snyderââ¬â¢s role has been to point out first the problems, and then the hard medicine that must be swallowed. Snyder has become synonymous with integrity-a good beginning place if your wilderness poetics honor ââ¬Å"clean-running rivers; the presence of pelican and osprey and gray whale in our lives; salmon and trout in our streams; unmuddied language and good dreams. â⬠From The Oxford Companion to Twentieth-century Poetry in English. Ed. Ian Hamilton. Oxford: Oxford University Press, 1994. Copyright à © 1994 by Oxford University Press How to cite Buddhism is the reality, Papers
Monday, April 27, 2020
The External Environment Comprises Essay Example
The External Environment Comprises Paper External Environment for Banking Industry Standard Chartered is the worlds leading emerging markets bank headquartered in London. Standard Chartered employs 30,000 people in over 500 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. It is one of the worlds most international banks, with a management team comprising 70 nationalities. Standard Chartered has been committed to Hong Kong and China for nearly 1 50 years. Standard Chartered Bank opened its first branch in China in 1858 and is the oldest foreign bank in the country. The Bank has operated in Hong Kong since 1 859 and has been issuing Hong Kong banknotes since 1862. Standard Chartered PL listed on the Stock Exchange Of Hong Kong in 2002. The bank is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FETES-OHIO companies, by market capitalization. It serves both Consumer and Wholesale Banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. Wholesale Banking provides corporate and institutional linens with services in trade finance, cash management, lending, custody, foreign exchange, debt capital markets and corporate finance. Standard Chartered is well-established in growth markets and aims to be the right partner for Its customers. The Bank combines deep local knowledge with global capability. The Bank is trusted across its network for its standard of governance and its commitment to making a difference in the communities in which it operates. We will write a custom essay sample on The External Environment Comprises specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The External Environment Comprises specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The External Environment Comprises specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The new millennium has brought with it two of the largest acquisitions in the history of the bank with the purchase of Grasslands Bank from the ANZA Group ND the acquisition of the Chase Consumer Banking operations in Hong Kong in 2000. These acquisitions demonstrate Standard Chartered firm committed to the emerging markets, where it has a strong and established presence and where it foresees future growth. With the acquisition of ANZA Banking Group, Stanch became the largest foreign bank in terms of branch network and profitability in India. The merged entity has a combined network of 61 branches and 74 Atoms across 15 cities of the country. Understanding the global, political, technological and socio-cultural segments Of its environment is obviously critical to Starchs SUCCeSS. It has acquired companies in order to consolidate its global operations; operates in 50 countries; seeks to display environmental and social responsibility; and deals with communications technology. It strives to take advantage of opportunities in the dynamic environment, the need to deal innovative with new acquisitions, the problem of reframing the publics view of banking and ongoing cut throat competition from other commercial banks and non banking entities. The bank therefore has to make clear the communication challenge and make clear the global nature of its operations to the wider immunity, governments and the population at large. Research evidence suggests that external environment affects a firms growth and profitability over time. Changes in political, regulatory features, the strength of different nations economies at different times, and the emergence of new technologies are a few examples of conditions in the external environment that are affecting banks like Stanch and several other firms throughout the world whether in manufacturing or services sector. The companies in attractive environments perform better than the companies that are in less attractive environments. Therefore strategy development is about fit I. E. Identifying opportunities in the environment and building strategy matching resource capabilities to those opportunities. The resources and competences of organizations also play an important role as they explain the differences between organizations, potential uniqueness and therefore superior performance. The stretch view argues that strategies should be built on the unique competences and resources of an organization by seeking out markets in which competences have special value or by trying to create new markets on the basis of such competences Another consideration is the stakeholders of company. Organizations have different stakeholders (shareholders, customers, employees, government) who have expectations of the organizations and may exercise considerable influence and power over the strategy to be followed As said earlier, the external environment plays an important role for banks. Most of the external factors are beyond the control of a bank. The factors such as competition; political, economical, legal, government rules and regulations influence the firms choice of direction and action and also affect the internal environment of a bank. The external environment influences a companys strategic options as well as the decisions made in light of them. The firms understanding of the external environment is matched with knowledge about its internal environment. Matching the conditions of the two environments is the foundation the firm needs to form its strategic intent, to develop its strategic mission, and to take strategic actions in the pursuit of strategic competitiveness and above-average returns. The external environment encapsulates many different influences which makes the tasks of Coos more difficult. Identifying the different environmental influences Hough makes sense, is not very much useful as the overall picture of these influences does not emerge. The second difficulty is that of the speed of change. The impact of technological changes on businesses is much faster than ever before. Technology has transformed the way in which the banking business is carried out. In addition the competitive pressures are also driving more banks to diversify their product range in response to market demands. We can broadly categorize this environment into two types: remote environment and operating environment. Remote environment: This environment consists of a set of forces that irrigate beyond a firms operating environment. This comprises of political, economic, social, technological and industrial forces which create opportunities, threats and constraints to the firm. For example macroeconomic instability in an economy characterized by chronic inflation, fiscal imbalances and periodic balance-of-payments crises also affect all the banks. Operating environment: The operating environment involves the factors that provide many of the challenges a bank is facing when attempting to attract or acquire essential resources or when striving to profitably market its goods ND services in the immediate competitive position, customer profile, reputation among suppliers and creditors and accessible labor market. The operating environment is also called the competitive or task environment. Hence by considering conditions in the operating environment business can be much more proactively planned. An organizations external environment is shown in the figure below. The figure depicts the firms business area, remote environment and the operating environment cutting into an area of total external environmental impact on the firm. In the banking industry if the Reserve Bank increases the reserve requirements for the commercial banks it would affect all the banking companies in the economy. This is an operational risk. Over the past two decades, commercial banks across the globe have aggressively repositioned themselves to compete under new economic, technological, and regulatory conditions. These institutions are no longer protected by regulatory entry barriers, and are confronted with a marked transformation in telecommunications and computer technology. Banks can no longer rely on traditional banking models and therefore have invested age amounts of resources in the search for new competitive strategies. While many Of these attempts had fruitless results, the most successful strategic innovations have set a new paradigm in banking and have changed the way banks compete. The manner in which commercial banks currently underwrite their loans, finance their activities, grow their franca sees, distribute their services and market their images can hardly be compared to ones that bankers adopted in asses. Coming to the regulatory environment, banks still do not compete in a completely unregulated environment. Regulations continue to shape banking traceries for example, in US, the federally insured deposits are the basis of community bank business strategy. The Community Reinvestment Act (CRA) loans are a mandatory for all banks (in India, priority sector credit is mandatory for all commercial banks, this would be dealt in detail in subsequent pages). Investment decisions of every bank are influenced by capital regulations. The system of multiple regulators can affect the choice of organizational form of banking companies. While most banks are regulated by the RIB (Reserve Bank of India), some are under dual control of overspent and RIB. In India, all banks are subject to Ribs regulation but the framework is not uniform in the sense that public sector banks, cooperative banks, and private banks are governed by significant differences and not all of them have access to the payments system. The Department of Company Affairs (DC) regulates the deposit taking activities of non-banking non- financial companies and also some activities of Non Banking Financial Companies (NBS). SIB regulates the capital markets and supervises stock exchanges, mutual funds, securities dealers and brokers, merchant bankers, reedit rating agencies and venture capital funds. Companies in the insurance sector are regulated by ERDA. Banks are permitted to be involved in insurance activity through joint ventures/equity participation/selling agency type arrangements. Thus, the object of regulation itself is susceptible to some overlap. Several scandals in banks have led regulators to make increased informational demands on banks. As banking markets grow more concentrated, anti-trust laws may increasingly limit the scale and scope of bank mergers. At a minimum, regulation is simply a fixed cost that must be erne by banks, which does not influence a banks behavior. At the other extreme, and perhaps in a more realistic situation, regulation can significantly affect banks strategic choices and influence competition in financial markets. Innovations introduced in the markets are often driven by, and in some cases succeed exclusively because of the prevailing regulatory environment. Similarly, commercial banks competitive strategies are shaped by both new technologies, and the limitations of technology. Retail banking had traditionally been built around the paper-based payments, but IT has created ewe strategic possibilities for it. Electronic delivery of banking services can reduce a banks overhead costs to a great extent. However abandoning bank branches can also give rise to disastrous strategic costs. New technologies have a led to a great transformation in the risk management practices of commercial banks, but application of such techniques may also create some unforeseen new risks. After generations of tech analogical stasis in the banking industry, the ongoing rapid pace of technological change has made strategic innovation a viable competitive strategy for banks.
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