Customer Satisfaction Of Airtel & Grameenphone Essay Example for Free

Consumer loyalty Of Airtel Grameenphone Essay 1. Presentation The presentation of the media transmission part has been truly late in Bangladesh contrasted with that of the neighboring nations. The versatile media transmission administration has been multiplying on a yearly premise in the course of the last a few years. Presently a-days there are six cell phone administrators in the nation with Grameen telephone, Robi, Teletalk, Banglalink, Airtel and Citycell. They are offering distinctive new bundle and offers diverse worth added administrations to fulfill the clients ‘demands. Consumer loyalty is a central showcasing build over the most recent three decades. Previously, it was disagreeable and unaccepted idea since organizations thought it was more essential to increase new clients than hold the current ones. In any case, in this current decade, organizations have increased better comprehension of the significance of consumer loyalty (particularly administration creating organizations) and received it as a high need operational objective. Consumer loyalty, a term as often as possible utilized in showcasing, is a proportion of how items and administrations provided by an organization meet or outperform client desire. Consumer loyalty is characterized as the quantity of clients, or level of absolute clients, whose revealed involvement in a firm, its items, or its administrations (appraisals) surpasses indicated fulfillment objectives. Individuals in Bangladesh are turning out to be occupied step by step and more expert than past. They have to share more data to one another in light of the fact that demography has changed because of the time of globalization. Cell phone has presented a gigantic change in the correspondence division in our nation. It has changed the correspondence structure moreover. Individuals in different occupations and pay levels are utilizing cell phone seriously for their word related reason and individual reason also. 1.1 Basic data The telecom part of Bangladesh started its excursion with land telephone. At that point SEBA was the main organization to bring cell telephone utilities. The telecom segment has totally changed both as far as inclusion and productivity of administrations. Cell telephone utilities have made incredible business progress. For most firms, the superior objective is to amplify the estimation of theâ firm for its proprietors or investors. Expanding rivalry (regardless of whether for-benefit or philanthropic) is driving organizations to give substantially more consideration to fulfill clients. The condition of fulfillment relies upon various both mental and physical factors, which associate with fulfillment practices. For this larger part of the organizations is attempting to be a client situated, client centered, or even-client driven endeavor. Airtel is one of the late movers in media transmission part of Bangladesh. What's more, similar to all other telecom organizations, it is making a decent attempt to enter the market and take a few to get back some composure of noteworthy piece of the overall industry through their esteemed clients. 1.2 Background data Airtel Bangladesh Ltd. is a GSM-based cell administrator in Bangladesh.Airtel is the 6th cell phone transporter to enter the Bangladesh advertise, andoriginally propelled business tasks under the brand name WaridTelecom on May 10, 2007. Warid Telecom International LLC, an Abu Dhabi basedconsortium, sold a dominant part 70% stake in the organization to Indias Bharti AirtelLimited for US$300 million. Bharti Airtel Limited assumed administration responsibility for thecompany and its board, and rebranded the companys benefits under its ownAirtel image from December 20, 2010. The Bangladesh Telecommunication Regulatory Commission affirmed the arrangement on Jan 4, 2010. Grameenphone broadly known as GP, is the main media communications specialist organization in Bangladesh. With more than 46.04 million supporters (as of September 2013), Grameenphone is the biggest cell phone administrator in the nation. It is a joint endeavor venture among Telenor and Grameen Telecom Corporation, a non-be nefit sister worry of the universally acclaimed microfinance association and network advancement bank Grameen Bank. Telenor, the biggest broadcast communications organization in Norway, claims 55.8% portions of Grameenphone, Grameen Telecom possesses 34.2% and the staying 10% is freely held. Grameenphone was the principal organization to present GSM innovation in Bangladesh. It likewise settled the initial 24-hour Call Center to help its supporters. With the trademark Go Beyond, Grameenphone guarantees its clients to bring the best of correspondence innovations so they can Go Beyond. 1.3 Objective of the report The target of the report is isolated into two sections. They are explicit andâ broad goals. The particular and wide target of this report is given underneath: 1. Expansive Objective: The wide goal of this report is to discover the consumer loyalty level of Airtel Grameenphone clients. 2. Explicit Objectives: The particular goals will be To discover explicit zones of fulfillment of Airtel Grameenphone clients To make sense of explicit territories of disappointment of Airtel Grameenphone clients To realize the general fulfillment level of the clients To make sense of conceivable improvement areas to diminish disappointment To know the better specialist co-op between this two organizations 1.4 Literature Review Airtel is the sixth cell phone transporter to enter the Bangladesh showcase and propelled business procedure on May 10, 2007. Indias bharti Airtel constrained purchased 70% portion of Warid telecom global. This is the biggest interest in Bangladesh made by an Indian organization. Airtel offers both paid ahead of time and postpaid associations with heaps of enhanced bundles to its clients. It additionally offers huge worth added administrations to its supporters. The following is a depiction of course of events of Warid Telecom in Bangladesh, Bharti Airtel and its taking over Warid: In December 2005, Warid Telecom International paid US$ 50 million to get a GSM permit from the BTRC and turned into the 6th cell phone administrator in Bangladesh. In a question and answer session on August 17, 2006, Warid declared that its system would be actuated two months in front of calendar, in October, 2006. Again in October, 2006 Warid Telecom put off the dispatch of its mobile phone benefits in Ba ngladesh until April, 2007 after its significant provider Nokia left an understanding over an installment contest. Warid had a delicate dispatch toward the finish of January 2007. It parted with complimentary memberships among a chose gathering of people, whose activity was to make test calls and the administrator balanced its systems quality dependent on their remarks. On May 9, 2007, Warid in a notice in some day by day paper expressed that it would dispatch freely on May 10, 2007. Nonetheless, no call rate or any bundle subtleties were uncovered. The ad incorporated a declaration for the individuals intrigued to purchase Warid associations with bring the archives like ID card, and so forth., to theâ designated establishment and client care focuses. On October 1, 2007, Warid Telecom extended its system to five additional locale raising all out number of areas under Warid inclusion to 56, said an official statement. Mymensingh, Jamalpur, Sherpur, Rajbari and Narail towns were secured by Warid arrange. On November 10, 2007, 61 regions under Warid organize inclusion. On June 10, 2008, Warid Telecom extended its system to 3 additional areas Bandarban, Khagrachhari and Rangamati. Presently every one of the 64 locale of Bangladesh are under Warid arrange inclusion meaning Warid Telecom currently has across the nation inclusion. On December 20, 2010, Warid Telecom was rebranded to Airtel. Bharti Airtel Limited is normally known as Airtel. It is an Indian media commun ications organization that works in 20 nations across South Asia, Africa and the Channel Islands. It works a GSM organize in all nations, giving 2G, 3G and 4G administrations relying on the nation of activity. Airtel is the third biggest telecom administrator on the planet with over 243.336 million clients across 20 nations as of March 2012. It is the biggest cell specialist organization in India, with more than 181 million supporters toward the finish of March 2012. Airtel is the third biggest in-nation portable administrator by supporter base, behind China Mobile and China Unicom. Airtel is the biggest supplier of versatile communication and second biggest supplier of fixed communication in India, and is likewise a supplier of broadband and membership TV administrations. It offers its telecom benefits under the Airtel brand, and is going by Sunil Bharti Mittal. Bharti Airtel is the main Indian telecom specialist organization to accomplish Cisco Gold Certification. It likewise goes about as a transporter for national and global significant distance correspondence administrations. The organization has a submarine link landing station at Chennai, which associates the submarine link interfac ing Chennai and Singapore. Airtel is known for being the main cell phone organization on the planet to redistribute the entirety of its business tasks with the exception of showcasing, deals and account. Its networkâ€base stations, microwave joins, etc.â€is kept up by Ericsson, Nokia Siemens Network and Huawei, and business support is given by IBM, and transmission towers are kept up by another organization (Bharti Infratel Ltd. in India). Ericsson concurred just because to be paid constantly for establishment and support of their hardware as opposed to being settled in advance, which permitted Airtel to give low call rates. Bharti Airtel started its excursion in Bangladesh in December 2010 when it gained 70 percent stockâ of Warid Telecom of Abu Dhabi Group. In this way, it tends to be said that Airtel Bangladesh has quite recently finished its lady year in the nation. What's more, inside this timeframe, the administrator has likewise made a tremendous opening for work in differing portions of the association and as of August 2013, Airtel Bangladesh has 7.97 million endorsers with 7.3% of piece of the overall industry. Before Grameenphone’s origin, the telephone was for a chosen urbanized not many. The mobile phone was an extravagance: a mocking adornment for the select elite.The m

Less Mills International Essay - 275 Words

Less Mills International (Research Paper Sample) Content: ManagementNameInstitutional Affiliation Table of Contents TOC \o "1-3" \h \z \u  HYPERLINK \l "_Toc389642774"
Executive Summary  PAGEREF _Toc389642774 \h
3 HYPERLINK \l "_Toc389642775"
1.0 Introduction  PAGEREF _Toc389642775 \h
4 HYPERLINK \l "_Toc389642776"
2.0 Uniqueness of small businesses and the agency theory  PAGEREF _Toc389642776 \h
4 HYPERLINK \l "_Toc389642777"
3.0 Strengths  PAGEREF _Toc389642777 \h
5 HYPERLINK \l "_Toc389642778"
3.1 Internal Strength: Marketing  PAGEREF _Toc389642778 \h
5 HYPERLINK \l "_Toc389642779"
3.3 Technological Strengths  PAGEREF _Toc389642779 \h
6 HYPERLINK \l "_Toc389642780"
4.0 Weaknesses  PAGEREF _Toc389642780 \h
6 HYPERLINK \l "_Toc389642781"
4.1 Economic and Financial  PAGEREF _Toc389642781 \h
7 HYPERLINK \l "_Toc389642782"
4.2 Cultural  PAGEREF _Toc389642782 \h
7 HYPERLINK \l "_Toc389642783"
4.3 Technological and legal  PAGEREF _Toc389642783 \h
7  HYPERLINK \l "_Toc389642784"
5.0 7Ps Marketing Mix and Creating New products  PAGEREF _Toc389642784 \h
8 HYPERLINK \l "_Toc389642785"
6.0 Recommendations and Conclusion  PAGEREF _Toc389642785 \h
9 HYPERLINK \l "_Toc389642786"
6.1 Marketing: Strategic Marketing and Market Intelligence  PAGEREF _Toc389642786 \h
9 HYPERLINK \l "_Toc389642787"
6.2 Management  PAGEREF _Toc389642787 \h
10 HYPERLINK \l "_Toc389642788"
6.3 Technology  PAGEREF _Toc389642788 \h
11 HYPERLINK \l "_Toc389642789"
6.4 Overcoming Economic and financial constraints  PAGEREF _Toc389642789 \h
12 HYPERLINK \l "_Toc389642790"
6.5 Overcoming Cross-cultural Barriers  PAGEREF _Toc389642790 \h
13 HYPERLINK \l "_Toc389642791"
6.6 Limitations  PAGEREF _Toc389642791 \h
13 HYPERLINK \l "_Toc389642792"
References  PAGEREF _Toc389642792 \h
14 Executive SummaryThis paper serves two purposes. First, it analyses the internal and the external operating environ ment of Les Mills International in the context of the theory of uniqueness of small businesses. Secondly, it provides recommendations based on the analysis done in the first part using marketing and management theories applicable to operation of business in the international arena. Agency theory presents a unique proposition in relation to the operations of small businesses. Management theory has focused on the problems that arise due to separation of ownership from management in conventional corporates; this has led to emergence of the agency theory. The agency problem is however not existent in small businesses because of the fusion of management with ownership. This presents special challenges for stakeholders and the firm. For example, the lack of transparency in operation and the scantiness of information is a concern for stakeholders in these small businesses. Therefore, businesses like LMI need to come up with measures to mitigate such problems. Longevity of operation has be nefitted the company since it has enabled it to understand the terrain well. To ensure increased growth, the company has collaborated with other big companies such as Nestle and Sony. The company rides on their brand recognition to elevate its own brand. The field of fitness training is gradually changing due to advances in technology. The company should re-align its business model to take advantage of these changes. The companys weaknesses include the threat of piracy, which decreases the companys revenue. The company also has limited capital to expand. This is due to the ownership structure of the company. Cultural differences are another obstacle that the company faces. The report has cited the 7Ps marketing mix and one cultural theory that the company can use to strengthen its position and overcome the weaknesses.1.0 IntroductionLes Mills International (LMI) is a sports and fitness company founded by Phillip Mills in 1997 in Auckland, New Zealand. The companys vision is to crea te a fitter planet through health living (Crossley, 2012). This report analyses the operations of LMI by looking at its strengths and weaknesses and attempting to find ways of optimizing those strengths and mitigating the weaknesses. It applies theories unique to operation of small businesses to help put the analysis in its right context. The report also fronts recommendation on the way forward for LMI. The final part outlines limitations of this report due to challenges encountered in its preparation. The structure of the report aims at establishing a good flow of the ideas; first performing a diagnosis, then a prognosis, while bearing in mind the limitations of the whole operation. 2.0 Uniqueness of small businesses and the agency theorySmall and medium sized enterprises have features that set them apart from the conventional forms of business, for example; their management structure is often incomplete and informal. The businesses are by-products of the entrepreneurial acumen of first generation entrepreneurs who pass on the baton to subsequent heirs. This is true of LMI, which is now in the hands of the second generation of the family. Owners of these businesses tend to have undiversified interests in the business, which is likely to be unlisted in the stock exchange since owners feel the need to maintain control (Fama Jensen, 1985). All these features are evident in LMI. This creates a special agency problem that is different from the traditional manager-owner agency relationship. The proprietor/owner in LMI is the manager. This may increase the cost of monitoring the business for outside stakeholders since they have lesser access to information than they would if the company was a public corporation. The business is also likely to suffer lack of managerial depth since top positions are a preserve of family members. Another problem that may arise is the risk of the company running into management problems due to succession hitches especially if the curre nt management fails to put in place a good succession plan. To overcome some of these unique challenges the management have to come up with unique solutions, for example to overcome high cost of credit, LMI should establish long-term relationships with a small number of creditors thereby ensuring a high number of transactions. With time, the creditors will have enough information about the company and the cost of credit will come down (Ang, 1991). 3.0 Strengths3.1 Internal Strength: Marketing The company is thoroughly familiar with the market terrain. LMI is an offshoot of the LMN, which started operations in 1968. This gives the company several advantages relating to longevity in the market. Forty-five years of operations is a long period and the company has accumulated tomes of research data of trends recorded over long durations. Longevity gives the company credibility, as people seem to trust institutions that have operated for a long period. For instance when looking for credit , financial institution are jittery when dealing with a start-up (Education for Enterprise, 2010). Established firms like LMI do not experience such problems since they probably have a long history of relationship with a particular bank. Such relationships may help the firm access credit on more favourable terms than if the firm was new. According to Gibson (2011), an investor approached Les Phillip (The majority shareholder) in 2011 with an offer to purchase the company for $ 100 million he turned down the offer. This underlines the credibility that LMI enjoys.3.2 Internal Strength: Management The company also enjoys a stable ownership and management structure. Crossley (2012) acknowledges that this has played an important role in the success of the company. The company has maintained a familial look from the beginning except from that brief period between 1984 and 1990 when the company listed in the NZST. After the stock market crash, the Phillip Mills bought back the company (Ed ucation for Enterprise, EFE, 2010). The company has few shareholders with the bulk of the company belonging to Phillip and the others distributed among the companys staff and a few private investors. This has provided stability for the company as decision-making is swift since fewer people need to ratify decisions. Decisions such as profits to plough back and the projects to pursue can be made quickly thus affording the company flexibility that is not found in public corporations.3.3 Technological Strengths The international market and advances in information communication technology offers LMI an interesting mix of opportunities that the company has started exploiting. Communication technology offers new ways of training and keeping clients interested in exercise. LMI has leveraged on information technology to create an exercise management application that can be installed on mobile phones. The website Gladeye (2014) features this application, named Momentum, and provides further i nformation about the program. The application helps individual to meet their training needs by enabling them to schedule their training programs. According to the site, the application also has customisable timetables, offers training tips, offers rewards for performance, and gives the user feedback. This represents a creative application of technology. 4.0 Weaknesses4.1 Economic and FinancialDelisting from the stock exchange was a double-edged sword; while it brought stability and flexibility to the firm, it also limited the firms capacity to raise funds for expansion. According to the EFE (2012), LMI is worth about $ 100 Million. The company has to expand at a very slow pace due to this financial constraint. The family is however not willing to loosen their grip on the company. In this case, the company will continue to ... Less Mills International Essay - 275 Words Less Mills International (Research Paper Sample) Content: ManagementNameInstitutional Affiliation Table of Contents TOC \o "1-3" \h \z \u  HYPERLINK \l "_Toc389642774"
Executive Summary  PAGEREF _Toc389642774 \h
3 HYPERLINK \l "_Toc389642775"
1.0 Introduction  PAGEREF _Toc389642775 \h
4 HYPERLINK \l "_Toc389642776"
2.0 Uniqueness of small businesses and the agency theory  PAGEREF _Toc389642776 \h
4 HYPERLINK \l "_Toc389642777"
3.0 Strengths  PAGEREF _Toc389642777 \h
5 HYPERLINK \l "_Toc389642778"
3.1 Internal Strength: Marketing  PAGEREF _Toc389642778 \h
5 HYPERLINK \l "_Toc389642779"
3.3 Technological Strengths  PAGEREF _Toc389642779 \h
6 HYPERLINK \l "_Toc389642780"
4.0 Weaknesses  PAGEREF _Toc389642780 \h
6 HYPERLINK \l "_Toc389642781"
4.1 Economic and Financial  PAGEREF _Toc389642781 \h
7 HYPERLINK \l "_Toc389642782"
4.2 Cultural  PAGEREF _Toc389642782 \h
7 HYPERLINK \l "_Toc389642783"
4.3 Technological and legal  PAGEREF _Toc389642783 \h
7  HYPERLINK \l "_Toc389642784"
5.0 7Ps Marketing Mix and Creating New products  PAGEREF _Toc389642784 \h
8 HYPERLINK \l "_Toc389642785"
6.0 Recommendations and Conclusion  PAGEREF _Toc389642785 \h
9 HYPERLINK \l "_Toc389642786"
6.1 Marketing: Strategic Marketing and Market Intelligence  PAGEREF _Toc389642786 \h
9 HYPERLINK \l "_Toc389642787"
6.2 Management  PAGEREF _Toc389642787 \h
10 HYPERLINK \l "_Toc389642788"
6.3 Technology  PAGEREF _Toc389642788 \h
11 HYPERLINK \l "_Toc389642789"
6.4 Overcoming Economic and financial constraints  PAGEREF _Toc389642789 \h
12 HYPERLINK \l "_Toc389642790"
6.5 Overcoming Cross-cultural Barriers  PAGEREF _Toc389642790 \h
13 HYPERLINK \l "_Toc389642791"
6.6 Limitations  PAGEREF _Toc389642791 \h
13 HYPERLINK \l "_Toc389642792"
References  PAGEREF _Toc389642792 \h
14 Executive SummaryThis paper serves two purposes. First, it analyses the internal and the external operating environ ment of Les Mills International in the context of the theory of uniqueness of small businesses. Secondly, it provides recommendations based on the analysis done in the first part using marketing and management theories applicable to operation of business in the international arena. Agency theory presents a unique proposition in relation to the operations of small businesses. Management theory has focused on the problems that arise due to separation of ownership from management in conventional corporates; this has led to emergence of the agency theory. The agency problem is however not existent in small businesses because of the fusion of management with ownership. This presents special challenges for stakeholders and the firm. For example, the lack of transparency in operation and the scantiness of information is a concern for stakeholders in these small businesses. Therefore, businesses like LMI need to come up with measures to mitigate such problems. Longevity of operation has be nefitted the company since it has enabled it to understand the terrain well. To ensure increased growth, the company has collaborated with other big companies such as Nestle and Sony. The company rides on their brand recognition to elevate its own brand. The field of fitness training is gradually changing due to advances in technology. The company should re-align its business model to take advantage of these changes. The companys weaknesses include the threat of piracy, which decreases the companys revenue. The company also has limited capital to expand. This is due to the ownership structure of the company. Cultural differences are another obstacle that the company faces. The report has cited the 7Ps marketing mix and one cultural theory that the company can use to strengthen its position and overcome the weaknesses.1.0 IntroductionLes Mills International (LMI) is a sports and fitness company founded by Phillip Mills in 1997 in Auckland, New Zealand. The companys vision is to crea te a fitter planet through health living (Crossley, 2012). This report analyses the operations of LMI by looking at its strengths and weaknesses and attempting to find ways of optimizing those strengths and mitigating the weaknesses. It applies theories unique to operation of small businesses to help put the analysis in its right context. The report also fronts recommendation on the way forward for LMI. The final part outlines limitations of this report due to challenges encountered in its preparation. The structure of the report aims at establishing a good flow of the ideas; first performing a diagnosis, then a prognosis, while bearing in mind the limitations of the whole operation. 2.0 Uniqueness of small businesses and the agency theorySmall and medium sized enterprises have features that set them apart from the conventional forms of business, for example; their management structure is often incomplete and informal. The businesses are by-products of the entrepreneurial acumen of first generation entrepreneurs who pass on the baton to subsequent heirs. This is true of LMI, which is now in the hands of the second generation of the family. Owners of these businesses tend to have undiversified interests in the business, which is likely to be unlisted in the stock exchange since owners feel the need to maintain control (Fama Jensen, 1985). All these features are evident in LMI. This creates a special agency problem that is different from the traditional manager-owner agency relationship. The proprietor/owner in LMI is the manager. This may increase the cost of monitoring the business for outside stakeholders since they have lesser access to information than they would if the company was a public corporation. The business is also likely to suffer lack of managerial depth since top positions are a preserve of family members. Another problem that may arise is the risk of the company running into management problems due to succession hitches especially if the curre nt management fails to put in place a good succession plan. To overcome some of these unique challenges the management have to come up with unique solutions, for example to overcome high cost of credit, LMI should establish long-term relationships with a small number of creditors thereby ensuring a high number of transactions. With time, the creditors will have enough information about the company and the cost of credit will come down (Ang, 1991). 3.0 Strengths3.1 Internal Strength: Marketing The company is thoroughly familiar with the market terrain. LMI is an offshoot of the LMN, which started operations in 1968. This gives the company several advantages relating to longevity in the market. Forty-five years of operations is a long period and the company has accumulated tomes of research data of trends recorded over long durations. Longevity gives the company credibility, as people seem to trust institutions that have operated for a long period. For instance when looking for credit , financial institution are jittery when dealing with a start-up (Education for Enterprise, 2010). Established firms like LMI do not experience such problems since they probably have a long history of relationship with a particular bank. Such relationships may help the firm access credit on more favourable terms than if the firm was new. According to Gibson (2011), an investor approached Les Phillip (The majority shareholder) in 2011 with an offer to purchase the company for $ 100 million he turned down the offer. This underlines the credibility that LMI enjoys.3.2 Internal Strength: Management The company also enjoys a stable ownership and management structure. Crossley (2012) acknowledges that this has played an important role in the success of the company. The company has maintained a familial look from the beginning except from that brief period between 1984 and 1990 when the company listed in the NZST. After the stock market crash, the Phillip Mills bought back the company (Ed ucation for Enterprise, EFE, 2010). The company has few shareholders with the bulk of the company belonging to Phillip and the others distributed among the companys staff and a few private investors. This has provided stability for the company as decision-making is swift since fewer people need to ratify decisions. Decisions such as profits to plough back and the projects to pursue can be made quickly thus affording the company flexibility that is not found in public corporations.3.3 Technological Strengths The international market and advances in information communication technology offers LMI an interesting mix of opportunities that the company has started exploiting. Communication technology offers new ways of training and keeping clients interested in exercise. LMI has leveraged on information technology to create an exercise management application that can be installed on mobile phones. The website Gladeye (2014) features this application, named Momentum, and provides further i nformation about the program. The application helps individual to meet their training needs by enabling them to schedule their training programs. According to the site, the application also has customisable timetables, offers training tips, offers rewards for performance, and gives the user feedback. This represents a creative application of technology. 4.0 Weaknesses4.1 Economic and FinancialDelisting from the stock exchange was a double-edged sword; while it brought stability and flexibility to the firm, it also limited the firms capacity to raise funds for expansion. According to the EFE (2012), LMI is worth about $ 100 Million. The company has to expand at a very slow pace due to this financial constraint. The family is however not willing to loosen their grip on the company. In this case, the company will continue to ...

A Research On Louisiana Purchase - Free Essay Example

Americas Westward Expansion was a period between 1803 and 1890 whereby the United States erupted with growth. The primary focus of this expansion centers around the purchase of a Louisiana territory from the French Government by the president of 1803, President Thomas Jefferson. This purchase later became known as the Louisiana Purchase. Other factors such as the Manifest Destiny, slavery, the Mexican War, and the Compromise of 1850 would also later put their mark this historical event as well. This is how these factors eventually contributed to arguably one of the greatest eras of the United States. The Louisiana Purchase (as mentioned before) was a purchase of a Louisiana territory from the French Government by the president of 1803, President Thomas. The land was bought by the president for fifteen million dollars and extended from the Mississippi River to the Rocky Mountains as well from Canada to New Orleans which increased the size of America by a factor of two. Jefferson strongly and firmly believed that Westward Expansion was crucial to the nations well being.1 He also believed that an independent and rectitude citizenry (the people of a location regarded mutually/ collectively) hinged on a republic to withstand to political turmoil and that that independence and rectitude tied in with ownership of land, primarily with that of homestead farms. America needed the keep expanding to meet the demand of land to support the exemplary population of rectitude or virtuous yeomen (a man having a small landed estate). Although Jeffersons plan of expanding west may have been an icon of the 19th century, it may ultimately be its downfall. The second factor of Americas Westward Expansion is the Manifest Destiny. Approximately seven million individuals (which is roughly forty percent of nations population) were situated west of trans-Appalachian by 1840. The majority of these people previously vacated their eastern homes in hopes of a more economical future and soon related to the Westward movement, owning a lot of land, and prideful farming just like Thomas Jefferson. A dependently stable assembly of people began to take shape from huge numbers of European factory workers. In retrospect, the chance and hope of independence and a greater deal of mobility was offered by the westward movement in the United States. In fact, the Gadsden Purchase of 1853 incorporated roughly thirty thousand square mile of Mexican land to the United States. Many people were swayed into moving westward by a journalist by the name of John OSullivan in 1945 by the mark by which he engraved into the face of Westward Expansion. Sullivan enforced t hat moving westward was a crucial aspect of the republican ideologies and that it was Americas manifest destiny to move westward and to have, in procession, all the land which Province has given us. The third factor, slavery, was questioned among early westward settlers. They wondered if slavery would be permitted in the growing western states. The Missouri Compromise aimed to answer this question in 1820 by allowing Missouri to join the union as a slave state whitest making Maine a free state which safeguarded the sensitive balance in the Congress. This compromise also demanded that slavery would be banned north of the southern edge of Missouri. It did not, however, pertain to developing territories which didnt associate with the Louisiana Purchase, thus, the problem of slavery lingered in the expanding nation. The economy in the south became more and more reliant on King Cotton2 and the indoctrinated labor which fueled it. During this time, an increasing number of Northern people began to speculate that the expansion of slavery violated their liberty which they owned, together as individuals (not represented by the pro-slavery Congress) and as yeomen farmers. They didnt oppose slavery per say, but rather opposed the way expansion appeared to intervene with their economic opportunities. Many years since the Missouri Compromise, in spite of the conflict amounts growing sections, Americans continued to trek West. The Rockies to the Oregon Territory, owned by Great Britain, were hiked by countless numbers of people and countless more traveled into California, New Mexico, and even Texas which are all Mexican Territories at the time. American colonists in Texas became a part of their Tejano neighbors (Spanish-derived Texans) and gained independence from Mexico in 1837 and voted the join the United States as a state with slaves. This, however, was bound to throw off the precise balance that the Missouri Compromise had accomplished. The united partnership of Texas with other Mexican Territories wasnt established as a political anchor until a visionary of westward expansion and planter of cotton, James Knox Polk, was elected in 1844. On February, 1846, Polk, alongside many of his allies, allowed Texas to unite with the Union as a state of slaves as Oregon became apart of the Union as a free state after a long discussion with Great Britain in June. Polk ignited a war against Mexico that same month, untruthfully asserting Mexicos army as having invaded our territory and shed American blood on American soil. This were ended up becoming widely unflavored among the Northerners partly because they opposed to what they have seen, a war which grew slavery. David Wilmot, a Pennsylvania Congressman, added a condition to the war-granting bill stating that slavery should never be allowed in any territories in Mexico which the United States may gain. Although Wilmots condition did not go through Congress, it outlined Americas most horrific, dividing acts, slavery. The last factor of Westward expansion, the Compromise of 1850, begins when the Treaty of Guadalupe 3 which to an end to the Mexican War in 1848. This treaty added over a million square miles to the United States and was larger than the Louisiana Purchase. The procurement or addition of this section of fertile land brought back to life, the proposition which the Missouri Compromise had apparently closed: In new developing American territories, what would be the condition or state of slavery? Henry Clay, a senator from Kentucky, after two full years of constant bickering and liable debates over the topic of slavery, put into perspective, a new compromise. This new compromise was comprised of four sections total. First, California would join the Union as a free state; second, the conditions of slavery in the remaining Mexican territories would be told amongst the people situated there; third, the trading of slaves would be obliterated in Washington, D.C., and finally, a completely redes igned Fugitive Slave Act would allow Southerners to own runaway slaves who had left to Northern states were slavery was not permitted (or even needed). King Cotton was phrase which was adapted and later commonly used by a Southern Politicians and authors before the American Civil War. This demonstrates the economical and political weight of cotton manufacturing. After the cotton gin, which helped pull cotton, was invented in 1793, cotton beat tobacco as the primary cash grabber in the southern agricultural economy and soon holding over half of the total Exports in the United States. The Treaty of Guadalupe was a treaty between Mexico and the United States and was established on February 2nd, 1848 and officially ended the Mexican War. The treaty gets its name from the place where it was signed was Villa de Guadalupe Hidalgo which means Guadalupe Hidalgo town. Guadalupe Hidalgo was neighborhood north of Mexico City. This treaty was bought for fifteen million dollars to mark the line which divided Mexico from the United States at the Rio Grande and the Gilda River. This allowed American to gain up to five hundred and twenty five thousand additional square miles of fertile land from Mexico. In exchange, the United States agreed to pay off the more than three million dollar claim made by United States citizens opposing Mexico.

Aristotle s Views On Friendship - 1357 Words

It is well known that Aristotle attaches importance to friendship within his ethical reflections. It suffices to recall that the Nicomachean Ethics, the most representative of the ethical works of Aristotle, contains two complete books, books VIII and IX, dedicated to friendship. This means that the theme of friendship is given a much wider space than other fundamental ethical issues. However, this breadth in his explanations is not something casual, but rather responds to Aristotle’s belief that friendship is something particularly valuable and we would say that is something unique in the life of human beings. Friendship, in fact, is an incentive, among others, for a happy life is --in Aristotle’s words-- as necessary for life as necessary for a happy life itself. Therefore, Aristotle says, For no one would choose to live without friends even if he had all the other goods† (Nicomachean Ethics VIII 1155a, pp. 119). Moreover, besides necessary, friendship is something noble, something beautiful, for it is a virtue, or it involves virtue. Ultimately, since human being is a social animal, which naturally tends to coexistence with other human beings, friendship is the fullest realization of sociability and more fulfilling way of living. Aristotle a little further on states that there are three kinds of friendship; friendships for utility, pleasure and complete friendship. The first two, friendship of utility and pleasure, I will say they are directly selfish because,Show MoreRelatedAristotle s Views On Friendship890 Words   |  4 PagesAccording to Aristotle s views on friendships he believes that friendship is necessary to live a good life, inspires us to be virtuous, and is a kind of love. Aristotle also believes friendships help people predispose their character and keeps the youth away from errors. Additionally friendship gives support during weakness and helps people be generous and know when they need help. Aristotle views that there are three kinds of friendships, pleasure, utility, and perfect friendships. Pleasure friendshipsRead MoreAristotle s Philosophy On The View Of Friendship818 Words   |  4 PagesAristotle was an ancient Greek philosopher. Aristotle’s philosophy was his logical concept. A ristotle’s objective was to come up with a universal process of reasoning that would allow man to learn every imaginable thing about reality. He wrote on a vast amount of subjects during his lifetime, such as biology, chemistry, physics, ethics and logic. Aristotle wrote a book called, Nicomachean Ethics. This book describes the view of friendship. He also describes three different type of friendship, whichRead MoreConfessions By Saint Augustine And The Nicomachean Ethics1271 Words   |  6 PagesThe Nicomachean Ethics by Aristotle the theme of friendship is constantly portrayed. Each philosopher has his own respected thoughts and opinions about the different aspects of friendship. This paper will argue both the similarities and differences between Aristotle and Saint Augustine’s argument about the role of friendship. In The Nicomachean Ethics, Aristotle argues that friendship is the greatest of external goods which is necessary to live a pleasant life. Aristotle then proceeds to defineRead MoreA Curiosity Of Benefits And Self Love1463 Words   |  6 PagesBenefits and Self-Love in Friendships Reading Aristotle’s Nicomachean Ethics, it is tempting to conclude that Aristotle provides clear explanation about the benefits of friendship and the idea of self-love. Throughout his examples of friendship, Aristotle supports his assumptions with evidence and real-world situations. His arguments about self-love and benefits from having friends seem clear and understandable to the reader. However, Aristotle unsuccessfully explains why friendship is primarily about activityRead MoreHistorical Events That Took Place During The Classical Period1458 Words   |  6 PagesWorld Literature I Historically Significant Influences of Aristotle During the Classical Period, 500-232 BCE, Greece was at the peak of its political and cultural achievement. This was also a time of war, most noteworthy being the vast empire created by Alexander the Great. In a period containing such an immense amount of historical significance there is no doubting that it had influenced the people born. Notorious philosopher Aristotle is no exception, contributing a great deal to the fields ofRead MoreFootball And Aristotle s Philosophy Of Friendship880 Words   |  4 Pages Friendships are a main aspect of what we seek for in life, for Aristotle says that â€Å"without friends, no one would choose to live,† (Football and Aristotle s Philosophy of Friendship, Pg 32). Through excerpts from Gallagher’s â€Å"Football and Aristotle s Philosophy of Friendship†, McMahon’s â€Å"Seinfeld Subjectivity, and Sartre,† Condella’s â€Å"Why can’t we be virtual friends,† and finally Thalos’ â€Å"Why I am not a friend,† we can determine the reasons why we hold friendships so dearly to us. In Gallagher’sRead MoreAristotle s Book Viii By Setting Some Ground Work On Friendship1198 Words   |  5 PagesAristotle begins book VIII by setting some ground work on friendship. Aristotle explains that friendship is something that is â€Å" indispensable for life.† Not one person chooses to not have friends, therefore, it something that involves everyone. He later goes in depth on the fact that there are three categories of friendship: useful, pleasure, and goodness. Useful friendship is when each individual has a benefit from the other. In the case of pleasure friendship, each person in the relationship areRead MoreAristotle : Aristotle And The Moral Values Of Aristotle1725 Words   |  7 PagesAristotle; born in 384 BCE, in Stagira, Chalcidice, Greece, was a philosopher and a great scientist during the ancient Greek era. His range of vast knowledge included the majority of both art and science which are biology, botany, chemistry, ethics, metaphysics, history, logic, philosophy of science, rhetoric, philosophy of the mind, poetics, psychology, physics, zoology and political theory. Aristotle’s understanding of moral virtues is that it stands between the great divide of a set of characteristicsRead MoreEssay When Souls Intertwine1641 Words   |  7 Pagesfriends† (Aristotle 4). Aristotle is saying that in order for someone to be happy you must have not only friends, but virtuous friends. Virtuous friends are your true friends. What is true friendship? How do you know when someone is not only your friend, but your true friend? Some may say that a true friend is loyal, honest, and cares for you, someone who would die for you. Some may agree with Aristotles view of friendship. He classifies friendship into three categories: Read MoreSimilarities Between Confucius And Confucius1391 Words   |  6 Pagesthe Concept of Friendship according to Aristotle and Confucius. Confucius and Aristotle both examined the concept of friendship. Since they lived in vastly different societies, one would expect that their concepts would be dissimilar. Surprisingly they are also similarities. The two traditions’ thoughts on friendship are from two perspectives, virtue and trustworthiness. There are some similarities between Aristotle and Confucius on the concept of friendship. Both viewed friendship as virtuous and

Effects Of Public Debt On Economic Growth - 1875 Words

Most research has shown that the effects of public debt on economic growth differs across countries; depends on country-specific factors and institutions such as the level of fiscal imbalances, the level of debt sustainability, the level of financial deepening, macroeconomic stability, and political environment. In response to the financial and economic crisis of 2008/09, the accumulation of public debt and its effects on economic growth have received renewed attention among many economists and policy makers. Conventionally, a good measure of the sustainability and accumulation of a country’s debt is to consider the debt level to the overall economic output of the country measured by the Gross Domestic Product (known as the Debt-to-GDP ratio). Data released by the Bank of Ghana recently showed that Ghana’s debt stock rose to GH ¢ 97.2billion (or US$25.6billion) in December 2015, equivalent to 72.9% of GDP. Out of this, total external debt amounted to GH ¢57.8billion (43.4% of GDP) and domestic debt was GH ¢39.4billion (29.5% of GDP). Therefore, based on Ghana Statistical Service population projections as at the end of 2015, every Ghanaian citizen, including children owe about GH ¢3,512.81 in government debt compared to GH ¢872.99 as of 2011. As government runs budget deficits, mainly leading to the rise in the debt level; servicing the debt comes with severe consequences. Notwithstanding the methodology, assumptions, and approach, the growing bulk of research shows thatShow MoreRelatedThe Effects Of Public Debt On Economic Growth1893 Words   |  8 Pagesimplications of the growing government debt Most research has shown that the effects of public debt on economic growth differs across countries; depends on country-specific factors and institutions such as the level of fiscal imbalances, the level of debt sustainability, the level of financial deepening, macroeconomic stability, and political environment. In response to the financial and economic crisis in 2008/09, the accumulation of public debt and its effects on economic growth have received renewed attentionRead MoreThe Effects Of Public Debt On Economic Growth1638 Words   |  7 PagesGhana’s debt stock rose to GH ¢ 97.2billion (or US$25.6billion) in December 2015, equivalent to 72.9% of the year’s total economic output, measured by the Gross Domestic Product (GDP). Out of this, total external debt amounted to GH ¢57.8billion (43.4% of GDP) and domestic debt was GH ¢39.4billion (25.2% of GDP). That means, in nominal terms, based on population projections by the Ghana Statistical Service; for every man , woman, and child living in Ghana owe about GH ¢3,512.81 in government debt comparedRead MoreThe Issue Of Public Debt1453 Words   |  6 Pagesexception. As most countries experience significant development, there is one key issue which underlies this development but has mostly been ignored by empirical research: that is, the issue of public debt. Public debt has become relevant in the world economies because of its perceived contribution to economic development. The continuous improvement in most world economies requires investment in infrastructure, education, social welfare, health and other sectors of the economies. The huge expendituresRead MoreThe Impact Of Public Debt On The Economy798 Words   |  4 Pagessize of public debt raises significant concern to individuals, governments, investors and the whole body of international organizations as well as financial institutions at large. Especially after the financial crisis of 2008, the impact of public debt on the overall economic growth has being a subject for analysis although not much empirical work has been done. In April 2001, Ghana declared itself as heavily indebted poor country. This declaration was to enable Ghana qualify for the debt relieveRead MoreThe Social Benefits Of Economic Growth And Development1342 Words   |  6 PagesSocial Benefits of Economic Growth and Development In general, individuals in developed countries strive to improve their quality of life. All developed nations, as well as developing countries, are currently experiencing the negative impact of the global economic downturn. This has prompted all nations to make economic development a top priority (Bruyn 14). Economic development is defined as a state in which a society enjoys sustained economic growth. One effect of economic growth is an increase inRead MorePublic Debt And Political Changes Essay1517 Words   |  7 Pages6.3Domestic Public Debt and Political Changes Figure 8 shows that domestic public debt has been aggravated since January revolution, as domestic public debt was 755.3 billion Egyptian pounds in 2010; and then increased to 2116.3billion Egyptian pounds in 2015. This means that domestic public debt has increased by 180% during period of revolutions. In spite the trend of domestic public debt before revolutions was positive; however, the change in domestic public debt was in average 77.2 billionRead MoreHow Do Government Deficits And Debt Affect U.s. Economic Welfare?1023 Words   |  5 Pagesis â€Å"How do government deficits and debt affect U.S. economic welfare?† The research question addressed by this article is how do deficit and debt effect interest rates? The article begins by showing the complexity of measuring these elements do to the business cycle and its effects on the variables. The author proposes the best way to measure deficit and debts effect on interest rates is to take future values for interest rates and the projected amounts of debt and deficit. This allows for the variablesRead MoreAid, Policy And Growth1601 Words   |  7 Pages Larry L. Day Aid, Policy and Growth: The Case of St. Lucia Abstract This paper takes a look at aid, policy and growth literature using data from St. Lucia, a country that received $24,000,000 US dollars in 2014. Our findings suggest that aid, in the presence of sound economic policy, does not contribute to growth in St. Lucia. However, this study does find statistical evidence to suggest that democratic governance and openness and monetary policy does impact the effectivenessRead MoreA Model Of Sustained Economic Growth1720 Words   |  7 Pages The intention is to develop a model where sustained economic growth is the product of the alternation of numerous agents and this literature will provide insights to reasons for variations in Gdp growth during the recessionary period(2008-2013) in Europe while investigating the optimising agents which had significant impact on Gdp growth rate. The Solow growth(1956) hypothesis looked for the determinants of sustainable economic development in per capita gross domestic product. The modelRead MoreEig ht Centuries Of Financial Folly By Carmen M. Reinhart And Kenneth S. Rogoff1727 Words   |  7 Pagesinfluential economic analysis book around recent years.(paul letter2) In this essay, I will give a brief view of Reinhart-Rogoff’s theory and explore some criticisms of R-R’s work, and then summarizes their defences against those criticisms. The main argument of Reinhart-Rogoff is that too much debt will leads to a huge dangerous consequence. In their recent working paper â€Å"Growth in a Time of Debt†, they pointed out that once government issued debt which exceeds 90 percent of GDP, economic growth would

Immune Of Doubt By Rene Descartes - 916 Words

Immune to doubt In his meditation writing, Rene Descartes tries to find that one thing that is absolutely certain and therefore is immune to doubt. The way in which he attempts to do this is by doubting everything that he knows to be true until the mere action of doubting that thing becomes a contradiction in itself. Since it is unrealistic, and maybe logistically impossible, to doubt every single thing that he holds to be true in this world, Descartes starts by rejecting everything that he would consider to be fundamental and he declares, in his writhing, that everything is unreal because doing this knocks down the foundation of his knowledge. The foundation of his knowledge, for all he knows, might be true but since he has not proven it to be true yet, it would be easier to start in a clean slate and build undoubtable knowledge from scratch. Descartes eventually comes to the conclusion that the one thing that is immune to doubt is that he is a thinking thing. In making this assertion, Descartes ha d to establish that he exists and subsequently make several enquiries about his attributes and be able to demonstrate that he can only be sure of his ability to think. In the process of questioning his own existence Descartes starts by denying the existence of his body and his senses, perhaps the two most important things that we humans associate with our being. He biases these denials on the fact that he had dreams before that had seemed just as vivid as ‘real life’ perhaps heShow MoreRelatedRene Descartes And Skepticism Argument763 Words   |  4 PagesEssay 1 Skepticism, in general, is the theory that knowledge is impossible without certainty. Rene Descartes aimed to prove skepticism wrong by using his method of hyperbolic doubt, which stated that you should only believe certain things that are immune from doubt and throw out anything that may be doubted. In his mediations, he then came up with two different arguments from this method: the dream argument, and the evil demon argument. These skeptical arguments are not intended to be a denial ofRead MoreBakit hangad ng mga bansang Asyano na magkaroon ng pambansang Wika?5719 Words   |  23 PagesRenà © Descartes (1596—1650) Renà © Descartes is often credited with being the â€Å"Father of Modern Philosophy.† This title is justified due both to his break with the traditional Scholastic-Aristotelian philosophy prevalent at his time and to his development and promotion of the new, mechanistic sciences. His fundamental break with Scholastic philosophy was twofold. First, Descartes thought that the Scholastics’ method was prone to doubt given their reliance on sensation as the source for all knowledgeRead MoreTheoretical Relationship Between The Mind Body1193 Words   |  5 Pagesthe highest within college students, and this theory explains that sometimes the mind affects the body, and vice versa. In other words, the body and mind are separate, and they affect one another. One philosopher who supported this theory was, Rene Descartes; by stating, â€Å"We are physical beings because we are extended in space. We are mental beings because we think.† Another theory according to Andrew Gummow and Adrian Janit is Materialism, which its position is that the only physical matter is realRead More The Free Will in Meditations on First Philosophy by Descartes3767 Words   |  16 PagesFree Will in Meditations on First Philosophy by Descartes I In Meditations on First Philosophy, Descartes takes the reader through a methodological exercise in philosophical enquiry. After stripping the intellect of all doubtful and false beliefs, he re-examines the nature and structure of being in an attempt to secure a universally valid epistemology free from skepticism. Hoping for the successful reconciliation of science and theology, Descartes works to reconstruct a new foundation of absoluteRead MoreEssay on The Concepts of Belief, Certainty, and Knowledge1942 Words   |  8 Pageswhat cannot be seen and is rationalism’s fundamental philosophy of life. To be able to reason based on a logical and rational premise is crucial to arriving at a conclusion that serves its purpose of increasing our knowledge. Rationalists like Renà © Descartes are particularly impressed with areas of knowledge such as logic and mathematics, which seem to be both certain and useful[4] and claim that reason provides belief of a high epistemic status, thu s being able to develop subjectively comprehensiveRead More50 Harmful Effects of Genetically Modified (Gm) Foods14312 Words   |  58 Pagesproducts, why can t we also manufacture living organisms, and using the same or similar principles? Why not take this assembly-line process to the next logical and progressive level? What s wrong then with the advance of genetic engineering? No doubt, with hybridizations conscious life is manipulated. But living organisms continue to make some primary genetic decisions amid limited selections. We can understand this with an analogy. There is an immense difference between being a matchmaker andRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesshort to medium term), the better off we’ll be. The workplace is no place for fantasies. COUNTERPOINT here are employers and employees who show little regard for each other. That each side can be uncaring or cavalier is hardly a revelation. No doubt such cynical attitudes are as old as the employment relationship itself. But is that the norm? And is it desirable? The answer to both these questions is â€Å"no.† Says management guru Tom Peters, â€Å"Bottom line: loyalty matters. A lot. Yesterday. Today

What did it mean for a man in Ancient Greece to lead a...

What did it mean for a man in Ancient Greece to lead a good life, according to Platos’s four dialogs in the Trial and Death of Socrates? In Ancient Greece, leading a good life is rather more complex than it is in today’s society. It is evidenced in Plato’s four dialogs in The Trial and Death of Socrates. Through the dialogues of Socrates we can learn that in Ancient Greece education, religion, society in general, law and values played a major role on a person’s way of living a good life. In the dialogues of The Trial and Death of Socrates, society condemned those such as Socrates for changing or questioning their way of life. A person in Ancient Greece must be a pious man who conforms to the laws and values of the society. We can†¦show more content†¦Also making offerings to the gods and looking after them (Plato 6-13). Another thing that a man must value is reputation. We can see example of how Socrates maintains his reputation by refusing to flee Athens because it would tarnish his family name. In the same example Socrates shows us that Athenian Citizenship is valued a lot because he d oesn’t escape prison since it would mean his family would lose their citizenship (Plato 52-54). With the events that occurred to Socrates, it shows us that one should ignore questioning or changing the law or religion. The whole reason Socrates is being put to trial because he was charged with not recognizing the gods and inventing new deities and corrupting the youth (Plato 2,5). During the time of Socrates, religion and law should be respected and followed. In Ancient Greece, men who hold a citizenship of a city-state such as Athens must conform to all their laws and religion. Religion at that time was very important and valued. If anyone tried to change it or question it would be doomed to death. This what happened to Socrates because not only did he question the God but he was also corrupting the younger generation according to the courts (Plato 2 and 4). For a man in Ancient Greece he should be a pious person. As I mention earlier one must submit to the gods and make off ering to them. From Socrates’s point of view, a