Dietary Guidelines 7 Nutrition Secrets Every Healthy...

7 Nutrition Secrets Every Healthy Entrepreneur Should Adopt By Nate Anglin | Submitted On March 29, 2013 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Nate Anglin When you hear healthy entrepreneur does it sound like something magical, unattainable by you? Most of us have felt this way, but it s definitely attainable. The only problem is your stuck with this scenario. It s 6am and you re already stressed. You have payroll, marketing, HR and one heck of a sales order to get out by 11:00am. Not to mention your sales meeting at 3:00pm and the dinner with a client at 6:00pm. You get home and your day finally ends at 10:00pm. As business professionals we dive in so deep to our business that we tend to neglect almost everything else, especially our health. We always think about our health last, but shouldn t this be on our daily priority list? I once heard a great saying What s the most important thing in your life? Your life! Without you? You have nothing. What s the hardest thing to do in life? Maintain it. Becoming healthy entrepreneurs isn t some dream. It can be easy and an inch of guidance will bring you a mile of results. Nutrition for entrepreneurs is stillShow MoreRelatedDeveloping Management Skills404131 Words   |  1617 Pages 2002, 1998 Pearson Education, Inc., publishing as Prentice Hall, One Lake Street, Upper Saddle River, New Jersey 07458. All rights reserved. Manufactured in the United States of America. This publication is protected by Copyright, and permission should be obtained from the publisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use materialRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagespractice. They are not intended to be a comprehensive collection of teaching material. They have been chosen (or speciï ¬ cally written) to provide readers with a core of cases which, together, cover most of the main issues in the text. As such, they should provide a useful backbone to a programme of study b ut could sensibly be supplemented by other material. We have provided a mixture of longer and shorter cases to increase the ï ¬â€šexibility for teachers. Combined with the illustrations and the short caseRead MoreHuman Resources Management150900 Words   |  604 PagesCHAPTER 1 Changing Nature of Human Resource Management After you have read this chapter, you should be able to: ââ€"  Identify four major HR challenges currently facing organizations and managers. List and define each of the seven major categories of HR activities. Identify the three different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as anRead MoreProject Mgmt296381 Words   |  1186 PagesConcepts to Text Topics Chapter 1 Modern Project Management Chapter 8 Scheduling resources and cost 1.2 Project defined 1.3 Project management defined 1.4 Projects and programs (.2) 2.1 The project life cycle (.2.3) App. G.1 The project manager App. G.7 Political and social environments F.1 Integration of project management processes [3.1] 6.5.2 Setting a schedule baseline [8.1.4] 6.5.3.1 Setting a resource schedule 6.5.2.4 Resource leveling 7.2 Setting a cost and time baseline schedule (1.3.5) [8.1

Essay on Analysis of Crohns Disease - 1176 Words

Analysis of Crohns Disease An inflammatory bowel disease is characterized by intermittent and recurrent abdominal pain associated with ulceration in bowel function. Inflammatory bowel disease is a group of chronic disorders that cause inflammation or ulceration in the small and large intestines. Most often, inflammatory bowel disease is classified as ulceration colitis or Crohn’s disease but may be referred to as colitis, enteritis, ileitis, or proctitis (Crohns disease-website). Crohn’s disease is characterized by inflammation of segments of the GI tract. The parts of the tract where Crohn’s disease is most often seen are in the terminal ileum, jejunum, and right side of colon. Involvement of the esophagus, stomach, and duodenum is†¦show more content†¦Doctors believe however, that there is little proof that Crohns disease is caused by emotional distress or by unhappy childhood (Crohn’s disease-website). Crohn’s disease may occur at any age but occurs most often bet ween the ages of 15 and 40 years. Crohn’s disease tends to run in some families. About 20 percent of people with Crohn’s disease have a blood relative with an inflammatory bowel disease. Crohn’s disease rates appear to run higher in those that smoke. This means an individual who may inherit an inflammatory bowel disease, is more likely to develop Crohn’s disease if they smoke (Satsangi, 1996, p.40). Both sexes are affected with the women as a slightly higher chance. Crohn’s disease occurs more often in Jewish and upper-middle class urban populations (Lewis et al, 1996, p.1231). Symptoms / Complications The principal symptoms of Crohn’s disease are diarrhea and abdominal pain. Other symptoms include abdominal cramping and tenderness (often in lower right area), abdominal distention, fever, fatigue, and rectal bleeding. Bleeding may be serious and persistent, leading to a low red blood cell count or anemia. 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Report on Rmg Sector in Bangladesh free essay sample

[pic] [pic] At first we desire to express our deepest sense of gratitude of almighty Allah. With profound regard we gratefully acknowledge our respected course teacher Mr. A. K. Nabil Ahmed for his generous help and day to day suggestion during preparation of the report. He is so much an inspiration and guidance to us that we are, short of words in expression our gratitude. We like to give thanks especially to our friends and many individuals, for their enthusiastic encouragements and helps during the preparation of this report us by sharing ideas regarding this ubject . And finally, thanks to my group members as he serious and prolific towards making this assignment. Once more time to Sir, we owe more than we can mention†¦Ã¢â‚¬ ¦mostly for teaching us to see the silver lining in every hard work [pic] [pic] [pic] 1. 1 Abstract The ready-made garment (RMG) industry of Bangladesh started in the late 1970s and became a prominent player in the economy within a short Period of time. The industry has contributed to export earnings, foreign exchange earnings, employment creation, poverty alleviation and the mpowerment of women. The export-quota system and the availability of cheap labor are the two main reasons behind the success of the industry. Shirts, T-shirts, trousers, sweaters and jackets are the main products manufactured and exported by the industry. Bangladesh exports its RMG products mainly to the United States of America and the European Union. The Ready Made Garments (RMG) sector plays a pivotal role in the economy of Bangladesh. This sector accounts for approximately 76% of the total export earnings and nearly 10% of GDP. . 2 Introduction Like other 3rd world countries Bangladesh is a developing country. Her economic development depends firstly on Agriculture and secondly on Industry. Although Bangladesh is not developed in industry, it has been enriched in Garment industries in the recent past years. For Bangladesh, the readymade garment export indu stry has been the proverbial goose that lays the golden eggs for over fifteen years now. Traditionally, the jute industry dominated the industrial sector of the country until the 1970s. Since the early 1980s, the RMG industry has emerged as an important player in the economy of the country. In the field of Industrialization garment industry is a promising step. It is making significant contribution in the field of our export income and in the economical development of our country. At present the government of our country earns billions of dollars by exporting ready-made garments products to other countries. We have not achieved this success over night; we have some elements that help us to achieve this success. At present we are competing with our neighboring country; India and China. Though we are earning a handsome amount of profit each year from this sector, the ready-made garment sector is suffering with a lot of problems. We should solve these negative situations by ensuring proper steps [pic]  ¦ Broad objective: To gather knowledge about the overall scenario of Ready-Made Garments (RMG) Sector in Bangladesh.  ¦ Specific objectives: To attain the broad objective following specific objectives were pursued .  ¤To know briefly about economic significant of RMG. To identify what factors are affecting an entrepreneur  ¤ To identify the performance of an entrepreneur. 1. 4 Scope This report is on a wide exporting sector of Bangladesh. So, mainly we have tried to focus on the following factors.  ¤Current scenario of ready-made garment industry.  ¤Reasons for a healthy growth  ¤ Reasons for having comparative advantages in the world market.  ¤ Economical and financial contribut ion of this industry in Bangladeshi economy.  ¤ Beside these, we also brought several foreign benchmarks and statistics for doing the research work in a better way. . 5 Mythology This report has been prepared on the basis of experience gathered through learning annual report. For preparing this report, I have also get information from website of BGMEA, BKMEA Export Promotion Bureau and many Government and non government organization. I have presented my experience and finding by using different tables, which are presented in the analysis part. The details of the work plan are furnished below:  ¦ Relevant data for this report has been collected primarily by direct investigations of different leasing company’s annual report and website. The information and data for this report have been collected from secondary sources. The secondary sources of information are annual reports, websites and different manuals.  ¦ Data collected from secondary sources have been processed manu ally and qualitative approach in general and quantitative approach in some cases has been used throughout the study.  ¦ Qualitative approach has been adopted for data analysis and interpretation taking the processed data as the base. So the report relies primarily on an analytical judgment and critical reasoning. 1. 6 Literature Review Several Organizations have analyzed aspects of the garment industry in Bangladesh. Of thevarious aspects of the industry, the problems and the working conditions of female workers have received the greatest attention. There are several studies including The Centre for Policy Dialogue (CPD), study by Debapriya Bhattacharya, Mustafizur Rahman and Ananya Raihan(2002) and International Finance Corporation (2007) study on this topic. Both of these studies use accepted survey and research methodology to analyze a wealth of data on the social and economic background, Contribution of the RMG sector. Professor Muzaffar Ahmad looks at the industrial organization of the sector and discusses robustness and long-term viability of apparel manufacturing in Bangladesh. Wiigton (2000) provides a good overview of this industry,especially the developments in the early years. Nidhi Khosla writes on the women worker in Journal of International Women’s Studies (Vol. 11 #1 November 2009). The Bangladesh Planning Commission under the Trade and Industrial Policy (TIP) project also commissioned several studies on the industry. Hossain and Brar (2004) consider some labor-related issues in the garment industry. Quddus (2006) presents a profile of the apparel sector in Bangladesh and discusses some other aspects of the industry. Quddus (2006) presents results from a survey of apparel entrepreneurs and evaluates the performance of entrepreneurs and their contribution to the success of this industry. Islam and Quddus (2006) present an overall analysis of the industry to evaluate its potential as a catalyst for the development of the rest of the Bangladesh economy. [pic] 2. 1 History: Once upon a time the cloth of Bangladesh achieved worldwide fame. Maslin and Jamdani cloth of our country were used as the luxurious garments of the royal figures in Europe and other countries. The British rulers in India didn’t develop our cloth industries at all. Rather they destroyed them and imported cloths from England. After the emergence of Bangladesh radical change has come to our garment sector. Garment industries started working from the 10s of the late century. 2. 2 An Overview of the Bangladesh Ready-Made Garment Industry: The RMG industry is the only multi-billion-dollar manufacturing and export industry in Bangladesh. Whereas the industry contributed only 0. 001 per cent to the country’s total export earnings in 1976, its share increased to about approximate 80 percent of those earnings in 2010. Bangladesh exported garments worth the equivalent of $12348 Million in 2010, which was about 3. 00 percent of the global total value ($276 billion) of garment exports. The country’s RMG industry grew by more than 15 percent per annum on average during the last 15 years. The foreign exchange earnings and employment generation of the RMG sector have been increasing at double-digit rates from year to year. Some important issues related to the RMG industry of Bangladesh are noted in table 1 Table 1. Important issues related to the Bangladesh ready-made garment industry |Year(s) |Issue | |1977-1980 |Early period of growth. | |1982-1985 |Boom days. |1985 |Imposition of quota restrictions. | |1990s |Knitwear sector developed significantly. | |1993-1995 |Child labor issue and its solution | |2003 |Withdrawal of Canadian quota restriction. | | | |2005 |Phase-out of export-quota system. | Source: Compiled by the author from Quddus and Rashid (2000), Mainuddin (2000) and databases of the Bangladesh Garment Manufacturers and Exporters Association, and the Export Promotion Bureau, Bangladesh Currently, there are more than 4,000 RMG firms in Bangladesh. More than 95 percent of those firms are locally owned with the exception of a few foreign firms located in export processing zones (Gonzales, 2002). The RMG firms are located mainly in three main cities: the capital city Dhaka, the port city Chittagong and the industrial city Narayangonj. Bangladesh RMG firms vary in size. Based on Bangladesh Garment Manufacturers and Exporters Association (BGMEA) data, Mainuddin (2000) found that in1997 more than 75 per cent of the firms employed a maximum of 400 employees each. Garment companies in Bangladesh form formal or informal groups. The grouping helps to share manufacturing activities, to diversify risks; horizontal as well as vertical coordination can be easily found in such group activities. Ready-made garments manufactured in Bangladesh are divided mainly into two broad categories: woven and knit products. Shirts, T-shirts and trousers are the main woven products and undergarments, socks, stockings, T-shirts, sweaters and other casual and soft garments are the main knit products. Woven garment products still dominate the garment export earnings of the country. The share of knit garment products has been increasing since the early 1990s; such products currently account for more than 40 percent of the country’s total RMG export earnings (BGMEA website). Although various types of garments are manufactured in the country, only a few categories, such as shirts, T-shirts, trousers, jackets and sweaters, constitute the major production-share (BGMEA website; andante, 2001). Economies of scale for large-scale production and export-quota holdings in the corresponding categories are the principal reasons for such a narrow product concentration. 2. Reason behind the Growth of RMG in Bangladesh: The prime reason why garment industries have come out to be the champion in the field of export is obviously the cheap labor. Women contribute to the working force in these garment factories, as they are relatively cheaper than men. 2. 3. 1 Low cost labor: As Bangladesh is an overpopulated country it is very easy for the garment industries to hire labors at a lower rate. At present the government of our country has announced minimum wage to the garment workers but the industries can still earn a handsome amount of profit by exporting their product. Although it has increase but comparatively it is still low. Source: Ministry of Labor and Employment, Bangladesh. July 26, 2010 |Class |Existing Wage |Announce Wage |Increase in % | |Grade-1 |5,140. 00 |9,300. 00 |80. 93% | |Grade-2 |3,840. 00 |7,200. 00 |87. 0% | |Grade-3 |2,449. 00 |4,120. 00 |68. 23% | |Grade-4 |2,250. 10 |3,763. 00 |67. 24% | |Grade-5 |2,046. 00 |3,455. 00 |68. 87% | |Grade-6 |1,851. 0 |3,210. 00 | 73. 47% | |Grade-7 |1,662. 50 |3,000. 00 |80. 45% | |Apprentice | 1,200. 00 |2,500. 00 | 108. 33% | 2. 3. 2 Export-quota system: The â€Å"export-quota system† in trading garment products played a significant role in the success of the industry. However, that quota system came to an end in 2004. Therefore, the competitiveness issue needs to be addressed, with special attention given to the long-term sustainability of the industry. Unilateral restriction, short-term arrangement (STA), long term arrangement (LTA), Multi-fiber. Arrangement (MFA) and finally the WTO Agreement on Textiles and Clothing (ATC) are the chronological steps through which the â€Å"export-quota system† was administered until it was finally abolished on 31 December 2004, making worldwide textile and garment trade quota-free. . 3. 3 Easy Communication: It is very easy industries to collect raw materials from other countries and they can easily export their produced goods to the other countries. 2. 3. 4 Government Support: Government is supporting directly and indirectly the industries and monitors their activities so that they can perform properly. Government reduces tariff and supply production factors like electricity and water to them 2. 4 Produ ct Tree Bangladesh exports about 63 items to different apparel markets. Ready-made garments manufactured in Bangladesh are divided mainly into two broad categories: woven and knit products. Shirts, T-shirts and trousers are the main woven products and undergarments, socks, stockings, T-shirts, sweaters and other casual and soft garments are the main knit products. Woven garment products still dominate the garment export earnings of the country. The share of knit garment products has been increasing since the early 1990s; such products currently account for more than 40 per cent of the country’s total RMG export earnings (BGMEA website). Although various types of garments are manufactured in the country, only a few categories, such as shirts, T-shirts, trousers, jackets and sweaters, constitute the major production-share (BGMEA website; and Nath, 2001). It needs to be mentioned here that Bangladesh produces a very limited categories of expensive and fashion oriented garments. Economies of scale for large-scale production and export-quota holdings in the corresponding categories are the principal reasons for such a narrow product concentration. Main apparel items exported from Bangladesh is shown in the tree – diagram drawn below: YEAR |WOVEN |KNIT |TOTAL | | | |SWEATER | | |1995-96 |1948. 81 |598. 32 |2547. 13 | |1996-97 |2237. 5 |763. 3 |3001. 25 | |2004-2005 | 3598. 20 |2819. 47 |6417. 67 | |2005-2006 |4083. 82 |3816. 98 |7900. 8 | |2006-2007 |4657. 63 |4553. |9211. 23 | |2007-2008 |5167. 28 |5532. 52 |10699. 8 | |2008-2009 |5918. 51 |6429. 26 |12347. 77 | 2. 5 Exporting Condition of Garments Industry: The R eady-Made Garments (RMG) industry occupies a unique position in the Bangladesh economy. It is the largest exporting industry in Bangladesh, which experienced phenomenal growth during the last 20 years. By taking advantage of an insulated market under the provision of Multi Fiber Agreement (MFA) of GATT, it attained a high profile in terms of foreign exchange earnings, exports, industrialization and contribution to GDP within a short span of time. The industry plays a key role in employment generation and in the provision of income to the poor. Nearly two million workers are directly and more than ten million inhabitants are indirectly associated with the industry. Over the past twenty years, the number of manufacturing units has grown from 180 to over 3600. The sector has also played a significant role in the socio- economic development of the country. [pic] |YEAR |EXPORT OF RMG |TOTAL EXPORT |% OF RMGS TO | | |(IN MILLION US$) |OF BANGLADESH |TOTAL EXPORT | | |(IN MILLION US$) | | |1983-84 |31. 57 |811. 00 |3. 89 | |1984-85 |116. 2 | 934. 43 | 12. 4 | |2000-01 |4859. 83 |6467. 30 | 75. 14 | |2001-02 |4583. 75 |5986. 09 |76. 57 | |2002-03 |4912. 09 |6548. 44 | 75. 1 | |2003-04 |5686. 09 |7602. 99 |74. 79 | |2004-05 | 6417. 67 | 8654. 52 |74. 15 | |2005-06 |7900. 80 |10526. 16 |75. 6 | |2006-07 |9211. 23 |12177. 86 |75. 64 | |2007-08 |10699. 80 |14110. 80 |75. 83 | |2008-09 |12347. 77 |15565. 9 |79. 33 | 2. 6 Contribution in National Income: When the garment industries 1st started to export, the sector was not paid much attention but the situation has changed and at present it is earning the highest amount of foreign currencies in ou r country. [pic]  ¦ Major Product Export from Bangladesh: |Year |Product |Export |% | | 2 |RMG |12347. 77 |79. 3 | |0 | | | | |0 | | | | |8 | | | | || | | | | |2 | | | | |0 | | | | |0 | | | | |9 | | | | | |Frozen Food |454. 53 |2. 92 | | |Tea |12. 29 |0. 8 | | |Raw Jute |148. 17 |0. 95 | | |Jute Goods |373. 18 |2. 40 | | |Leather |177. 32 |1. 14 | | |Others |1508. 06 |9. 69 | | | | | [pic] [pic] 2. 7. 1 Backward Linkage: Backward linkage means the use by one firm or industry of produced inputs from another firm or industry (Alan V Deardorff 2001) That means the finished garment relies on three steps; first level for converting fibers/cotton toyarns, second step for converting yarns to grey fabrics and the final step for converting gray fabrics to dyed, printed of other finished fabrics. Out of three steps, Bangladesh is only capable of knitting, finishing in knitwear sectors but far behind in producing yarn, fabrics which is a major factor for woven section. Only success came to a ccessories where 80% demand of our country was fulfilled. The success of the government industry very much depends on how effectively RMG sector linkages may operate backward and forward. If the manufacturer has effective control over the supply of raw materials, Components and ancillary services needed to produce final product. Then the production is likely to be interrupted. If the company develops an effective marketing service strategies that provide right signal, and if marketing and distributing system as a whole are effective for having the products reach the target markets, then the sales revenue for the company is likely to be maximized. It means that to minimize cost of production and maximize sales revenues both backward and forward linkages need to be integrated. Here the issue of developing backward linkages is discussed with reference to the desirability of having control over the supply of inputs of RMG industry, mainly, fabric, yarn and processing status (Siddique, 2004). These three steps are integrated into each other as shown in table 1. It shows that these three steps are essential for backward linkage integration (BGMEA, January 2005) Some other problems that the industries face #Some other problems of RMG sector Dependency on different countries for raw materials †¢ Illiterate, unskilled and unsatisfied Workers †¢ Lacking of Resources †¢ Political Instability †¢ Low Working Salary: †¢ Lack in Marketing Tactics †¢ M/C advancement is necessary †¢ Absence of easily on-hand middle management. †¢ Small number of manufacturing methods †¢ Lack of training organizations for industrial workers, supervisors and managers †¢ Fewer process units for textiles and garments †¢ Incompetent ports, entry/exit complicated and loading/unloading takes much time †¢ Time-consuming custom clearance [pic] 3. 1 SWOT Analysis: 3. 1. 1 Strengths 1. The biggest foreign currency earning industry. 2. Ancillary services, fees, commission are more. 3. RMG credit experts are available. 4. Competitors like China doesn’t have vertical integration. 3. 1. 2 Weaknesses 1. Backward Linkage industry is absent. 2. Automation is not cost effective in our country. 3. External raw materials supply. 3. 1. 3 Opportunities 1. Investment in Backward Linkage Industry. 2. Liberalized Globalization will push to improve the quality of the RMG products. 3. Composite plants will get advantage by reducing lead time. 3. 1. 4 Threats 1. WTO agreement 2. Pressure on Compliance issues from consumer groups. 3. Negative image of Bangladesh in the international market for less concern on human and social issues. [pic] 4. 1 Recommendation: Bangladesh economy at present is more globally integrated than at any time in the past. The MFA phase-out will lead to more efficient global realignments of the Garments and Clothing industry. The phase out was expected to have negative impact on the economy of Bangladesh. Recent data reveals that Bangladesh absorbed the shock successfully and indeed RMG exports grew significantly both in FY07 and (especially) in FY08. Due to a number of steps taken by the industry, Bangladesh still remains competitive in RMG exports even in this post phase-out period. Our Garments Industries can improve their position in the world map reducing the overall problems. Such as management labor conflict, proper management policy, efficiency of the manager, maintainable time schedule for the product, proper strategic plan etc. Government also have some responsibility to improve the situation by providing- proper policy to protect the garments industries, solve the license problem, quickly loading facility in the port, providing proper environment for the work, keep the industry free from all kind of political problem and the biasness. Credit must be provided when the industry fall in need. To be an upper position holder in the world Garments Sector there is no way except follow the above recommendations. We hope by maintaining proper management and policy strategies our country will take the top position in future.  ¦ Optimists see opportunities in challenges; pessimists see only challenges in opportunities.  ¦ With MFA phase-out US market for apparels is going expand dramatically as  ¦ uncompetitive US firms are compelled to make their exit. There will be enormous  ¦ opportunities for competitive players to make new breakthroughs in US market.  ¦ Bangladesh’s objective should be to retain the current share of 2. 5% in US market during the first 3 years of phase-out (2005-8). Then enhance the market share to 3% and above. Bangladesh should take the strategy of cautious Optimism [pic]  ¦ http://www. bgmea. com. bd/  ¦ http://www. bkmea. com/  ¦ http://www. epb. gov. bd/  ¦ http://www. bbs. gov. bd/  ¦ http://www. mincom. gov. bd/  ¦ http://w ww. btmadhaka. com/  ¦ http://www. epzbangladesh. org. bd  ¦ http://www. bangladesh-bank. org/  ¦ http://www. bangladeshknitwear. com/  ¦ http://www. nbr-bd. org/  ¦ http://www. fbcci-bd. org/  ¦ http://www. ideas. repec. org/p/pdb/opaper/50. html  ¦ https://www. cia. gov/library/publications/the-world-factbook/geos/bg. html  ¦ http://www. en. wikipedia. org/wiki/Bangladeshi_RMG_Sector Jacket Shirt Trouser Polo shirt Sweater ‘T’ Shirt KNITWEAR WOVEN RMG

Santos Business Management Merging of Two Сompanies

Introduction Santos is an Australian company dealing with coal seam gas to produce gas energy for the entire country. It is a controversial company due to the past events that have affected the country in regard to the catastrophic mudflow. In case of these catastrophes, the company tries to rectify the natural afflictions arising from them.Advertising We will write a custom essay sample on Santos Business Management: Merging of Two Ð ¡ompanies specifically for you for only $16.05 $11/page Learn More For instance, the company used 79 million dollars to clean the area that was affected by the mudflow in Sidoarjo (Wheelwright 1957). This implies that the company protects the environment against destruction and degradation. In this light, the company might try to design strategies that seek to conserve the environment and purport sustainability alongside the green energy. For example, the company might trigger a merging process with another company seeking to conserve the environment. These companies include the wind farms and energy cooperatives (Wheelwright Miskelly 1967). When the corporation merges with the Santos Company, it would bring opportunities, risks, and benefits to the company. This paper seeks to identify the various benefits, opportunities, and benefits that would arise due to merging of the two companies. In this light, the paper will focus on a possible alliance between Santos Company and Hepburn wind (Fleckney 2011). In addition, it will use the Luke’s Theory of power during the explanation. This theory approaches power from a multidimensional perspective seeking to incorporate power, reasons and freedom. It argues that power is an element allowing one party to change the behaviour of other people. It asserts that the party must have an appealing reason to its subjects. In addition, the subjects have a freedom to choose change amongst other aspects. Opportunities Alliance of the Santos Company and Hepburn w ind farm would bring many opportunities for the individual companies. The opportunities that might arise due to the alliance are social, economic and natural.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In this light, it is understood that each of the companies has individual weaknesses, strengths and challenges. Therefore, the alliance would help the companies to combine strengths and eliminate weaknesses. These are some of the opportunities that would arise from the alliance of the two companies. Diversification The Santos Company is based on providing gas and oils to the international and foreign market. They have relied on production of the two products since conception. Consequently, they have not developed other forms of energy. However, natural gases and oils are exhaustible due to their natural existence. In addition, the two natural resources can neither be renewed nor recycled through artificial techniques. This implies that the company’s future is not very reliable. In fact, the company might lose its economic solvency as time elapses. On the other hand, the Hepburn Wind relies on the production of energy through wind. This has become the friendliest production of energy around the world in relation to the environment. It has initiated the production of green energy that purports sustainability and environmental conservation. In fact, almost all countries are harnessing wind. However, Hepburn wind, which is a community company, relies entirely on the production of energy through wind. Therefore, there are various challenges that face the utilization of wind energy. These include the lack of wind during some seasons and change of its direction. This implies that the cooperation might fail momentarily and initiate power insufficiency in the community. As a result, the community would suffer from lack of power and cause serious economic losses. In t his case, it is clear that the two companies encounter the risk of financial perishing. However, the alliance of the two companies would present a perfect economic opportunity. In the alliance, the companies would be relying on two power producing methods that include wind and gas energy. As a result, the failure of wind energy would lead to loss of power in the community. In that case, the alliance would rely on gas energy to provide power in the community.Advertising We will write a custom essay sample on Santos Business Management: Merging of Two Ð ¡ompanies specifically for you for only $16.05 $11/page Learn More On the contrary, lack of gas would be supplemented by the use of wind power for energy production. Therefore, the two companies would have an opportunity of diversifying power production. Consequently, they would reduce the risk of inexistence and lack of solvency. In regard to Luke’s Theory, the two companies would change their cul ture into diversification. Therefore, they would influence each other and develop the freedom of business solvency for a long time. Community Service The companies are seeking to offer services within their community by providing various forms of energy including gas, oil and electricity from the wind. However, each of the companies has its own market share to serve. For example, the Hepburn wind is serving about 2300 households while Hepburn is providing energy to the territories in the entire Mainland of Australia. Therefore, the alliance will allow the two companies to serve a bigger part of the community than the current area. This implies that the income generated through their projects is increased significantly. In addition, they will reach many people across the country and allow them to facilitate value maximization. In this light, value maximization does not focus on the profits that a company realizes. Instead, it aims at ensuring that the subjects are getting efficient a nd sufficient services. The alliance will facilitate this by accessing a large number of people and ensuring that enough power is supplied. Therefore, the alliance will present an opportunity for the companies to serve the community and increase their service share. Sustainable Development This is a concept seeking to focus on a development that is more than a mere development. In this light, it views development in a multidimensional view rather than limiting development to the economic side. As a result, it focuses on the social, economic, and environmental issues of human development. It argues that there are three combinations that lead to sustainability (Goodall 2012). First, the combination between social aspects and environment makes a bearable life. The combination of the environment and economy brings about viability of human life. Lastly, the combination of social aspects and economy brings about equitability (Campbell Mollica 2009).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The alliance comprising of the Santos and Hepburn wind would present an opportunity allowing them to practice sustainable development. Consequently, Hepburn project seeks to produce green energy that is friendly to the environment. On the other hand, Santos produces energy through a method that can lead to gradual environmental degradation. However, Luke’s Theory asserts that parties can influence the culture of other parties especially when in partnership. Therefore, Hepburn will seek to change the destructive cultures into constructive ones. The alliance is within a better financial position that would allow allocation of some funds to environmental rehabilitation. As a result, they would have an opportunity to initiate development in a substantial and sustainable manner. Natural Resources The two companies would have the opportunity of getting more resources for use. In this case, it is important to note that Hepburn Association owns the Hepburn wind project and Leonard Hi ll found to the south of Victoria. They use the wind turbines to harness wind and produce energy. However, the land found below the turbines is not used for other activities. This implies that the land is a waste land rendered unproductive due to a single objective of the project. However, Santos can explore on the hills and determine whether they have the natural gases and oils. This implies that the abandoned land will be transformed into a resourceful area of production. On the other hand, Santos Company mines the natural gas and leaves the lands abandoned. If the companies would form an alliance, Hepburn wind project can be extended to the areas that Santos Company has left. Benefits There are various benefits that would accompany the alliance of Hepburn winds and Santos Company. In this light, the alliance will benefit the company and the community. The benefits are environmental, economic and social. These are some of the benefits that would be experienced by the alliance. Cap ital Availability The companies have different capital and financial assets. However, the individual assets are directed to the production of energy. This implies that the two companies allocate funds to similar project producing energy. The alliance would ensure that the companies combine their individual capital into a single amount. This would ensure that the alliance has a bigger capital than the individual companies. Therefore, they would have enough capital allowing them to focus on the two projects in an efficient manner. Hepburn Winds owned by the community would run efficiently due to the influx of foreign funds from the Santos Company. On the other hand, Santos Company would get support from the community. Reduced Cost The individual production of energy is costly due to the individual operations of the two companies. In this case, the cost of logistics is very high because the companies experience the cost individually. However, the alliance would allow the companies to i ntegrate their logistics and meet a single cost. As a result, the logistic cost would be reduced to a half of the total cost that the companies incur individually. This implies that the overall cost of energy production would reduce. Reducing the cost of logistics enables the companies to provide energy at a cheap price. This would promote the spirit of value maximization that focuses on serving the customers efficiently and sufficiently. In addition, it would ensure that the companies increase the area of service by reaching people in the population. In fact, this is an initiative of developing the country in a sustainable manner. According to the previous paragraph, sustainability ensures that people are served by considering social and economic capabilities. Therefore, the low priced supply of power is a strong element of sustainability. According to Luke’s Theory of power, a company should seek to empower its subjects. In this light, it should instil a sense of freedom in their lives. Power cost reduction improves the financial freedom of the subjects relying on the two companies (Bragg 2010). Therefore, the benefit is compatible to the theory because it caters for freedom. In addition, it reduces the cost to empower the financial position of people. This implies that the alliance would have a discrete reason to cut the cost. As a result, it satisfies Luke’s theory that requires a company to exercise power through reasoning. In addition, this alliance would help the companies to reduce the organizational cost. The alliance enables the management to integrate staffing techniques. This implies that the staff will be reduced significantly. As a result, the money paid to those staff members is diverted to other sectors of the alliance. Moreover, they are able to integrate the structure present in their individual organizations. For example, the companies will share a single headquarter. This will increase the efficiency and accessibility of the a lliance (Alberts Segall 1966). Also, it will reduce the cost of logistics involved in the separate organization. Similarly, the money is used to improve technology and conduct other researches. Additional Research Individually, the companies do minimal research on their respective fields due to financial constraints. This leads to low productivity of energy including electricity and gas. Upon the process of merging, the companies obtain a high financial capability that enables them to invest a lot of money on research. This helps the alliance to produce much energy for the population. Therefore, it makes it possible for the alliance to serve more people than operating individually. Also, it ensures that the energy produced can sustain the population. Technological Advancement In the alliance, the companies will invest on their technology highly because they possess financial capabilities (Gutterman 1994). In this light, they will invest in efficient wind turbines that last for a lo ng time. This will reduce the cost of maintaining the wind turbines leading to increased profits. On the other hand, they will purchase advanced drillers that enable the alliance to drill high levels of gas and oil for refineries (Schacht 1991). Therefore, the alliance will be more efficient than separate companies. Risks A risk is a possibility of experiencing an undesirable event in the future (Holmes 2002). It is based mainly on the uncertainty of the event happening at a future time. Therefore, the parties involved do not have the knowledge concerning the future events (Krayenbuehl 1985). When merging organizations and companies, there are various risks that arise (Cameron 2004). Mostly, the risks are oriented financially because the organizations depend on finances to run their logistics. The succeeding paragraphs will discuss about the risks associated to the alliance of Hepburn wind and Santos Company. Exhaustion The most critical risk that accompanies the alliance is exhaust ion of energy. It is clear that Hepburn relies on wind energy that can stop or change direction. This implies that wind energy is not very promising for the population and the alliance (Moretto 2008). In addition, gas and oil deposits can diminish because they occur naturally. Similarly, the existence of the gas and oil deposits is not guaranteed for the alliance. This implies that the alliance will be experiencing a vertical merging process. In this alliance, solvency is not guaranteed entirely. This leads to a risky situation because the two energy producing plants could fail. In fact, the failure would cause an immediate closure of the alliance. In case of a closure, it will become significantly difficult for the companies to restart when merged. Therefore, we can conclude that the alliance would be running on a dangerous and risky platform of operation. Debts Obviously, many organizations take commodities on credit and utilize them before paying. In this light, the organizations discussed on this paper might have debts in their original setup. In a merging process, the assets and liabilities are transferred from the individual companies to the alliance (Thompson Cook 2006). The debts might take a huge part of the revenue and reduce the solvency of the two companies. In fact, the companies might experience much risk if either of the companies does not disclose all information about its liability. In this case, the companies must ensure that their partners disclose all information required. Conflict of Interest The companies operate different projects in light of producing energy. Hepburn association produces energy through wind while Santos depends on the natural deposits during the production of energy. There is a risk that is associated with conflict of interest by the personnel from the two companies. This would affect the management by reducing it efficiency and reliability (Rosenberg 2002). As a result, the alliance can fail and lose the assets that i t had acquired. Conclusion The aim of this paper was to discuss the possible opportunities, benefits, and risks that would be associated with the alliance of Santos Company and a community corporation. In light of accomplishing that task, the company has focused on Santos Company and Hepburn wind project. It has discussed the opportunities, risks, and benefits that would be realized. Therefore, it is an all-inclusive paper that serves its purpose. References Alberts, W Segall, J 1966, The corporate merger, University of Chicago Press, Chicago. Bragg, S 2010, Cost reduction analysis tools and strategies, John Wiley Sons, Hoboken. Cameron, S 2004, Risks. Wheeler, Waterville. Campbell, T Mollica, D 2009, Sustainability, Ashgate, Farnham Surrey, England. Fleckney, P 2011, The barriers to community renewable energy in Victoria. Law Book Co. of Australasia, Sydney. Goodall, C 2012, Sustainability, Hodder Stoughton, London. Gutterman, A 1994, Technology-driven corporate alliances a leg al guide for executives. Quorum Books, Westport, Conn. Holmes, A 2002, Risk management. Capstone Pub, Oxford, UK. Krayenbuehl, T 1985, Country risk: assessment and monitoring, Lexington Books, Lexington, Mass. Moretto, E 2008, Exchange ratios for merging companies, Emerald, Bradford, England. Rosenberg, N 2002, Conflict of interest, Hyperion, New York. Schacht, W 1991, Industrial competitiveness and technological advancement debate over government policy, Congressional Research Service Library of Congress, Washington, D.C. Thompson, P Cook, T 2006, Alliances. Wizards of the Coast, Renton, WA. Wheelwright, E 1957, Ownership and control of Australian companies; a study of 102 of the largest public companies incorporated in Australia, Law Book Company of Australasia, Sydney. Wheelwright, E Miskelly, J 1967, Anatomy of Australian manufacturing industry; the ownership and control of 300 of the largest manufacturing companies in Australia. Law Book Co, Sydney. 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