Chameleon Research Paper

Chameleon By: Taylor Ladd Classification: Phylum- Chordata, Class- Reptilia, Order- Squamata, Family- Chamaeleonidae, Genus- Chamaeleo, Species- Chameleon. Physical Description: The Chameleon is a colorful reptile with a tail and tongue the size of its body. Their body is covered in scales that can change color to blend in with its surroundings so it makes it an amazing creature. It has eyes that can rotate around so they can see behind them. Evolutionary Adaptations- The most amazing adaption that the Chameleon has is that they can change their color pigments to blend in with their surroundings to keep hidden from predators and prey.Chameleon’s have super long tongues so that they can extend them and slurp up their prey. They also have eyes that rotate around so they can see 360 degrees around them at all times to help them keep track of predators and prey. Life History: Life Span- 5 to 9 years varies by the species. Range/distribution- Half the world’s population of C hameleon’s is in Madagascar an island off the east coast of Africa. There are also Chameleon’s found in Africa, Yemen, Saudi Arabia, Southern Spain, and India.Reproduction- Chameleon’s have internal fertilization, some species have live births others also lay eggs. Diet- Most Chameleon’s eat small insects. Some have been reported to have eaten wild berries and vegetable matter. Larger Chameleon’s will eat small birds, reptiles, and mammals. Habitat- Chameleon’s are mostly found in rainforest. They like to perch in trees and wait for prey to walk by. Defense Mechanisms- The Chameleon has one of the most rare defense mechanisms of all creatures, they can change color pigments to blend in with their surrounding so that they can slip by predators in stealth.They have eyes that can rotate around 360 degrees and see two things at once. Interesting Facts- When a male Chameleon find a female he wants to mate with he puts on a color show of all his b est colors and if the female is turned on she will run and they will play chase then mate. If the female is not turned on by the color show she will stand her ground and sometimes even fight the male. One rare this about this reptile is that some of its species have live birth and others have eggs which is pretty amazing. Chameleon By: Taylor Ladd

M&A in India in Past Few Years Essay

Abstract The process of mergers and acquisitions has gained substantial importance in today’s corporate world. This process is extensively used for restructuring the business organizations. In India, the concept of mergers and acquisitions was initiated by the government bodies. Some well known financial organizations also took the necessary initiatives to restructure the corporate sector of India by adopting the mergers and acquisitions policies. The Indian economic reform since 1991 has opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted the Indian companies to go for mergers and acquisitions as an important strategic choice. The trends of mergers and acquisitions in India have changed over the years. The immediate effects of the mergers and acquisitions have also been diverse across the various sectors of the Indian economy. Till recent past, the incidence of Indian entrepreneurs acquiring foreign enterprises was not so common. The situation has undergone a sea change in the last couple of years. Acquisition of foreign companies by the Indian businesses has been the latest trend in the Indian corporate sector. The Indian IT and ITES sectors have already proved their potential in the global market. The other Indian sectors are also following the same trend. The increased participation of the Indian companies in the global corporate sector has further facilitated the merger and acquisition activities in India. The various factors that played their parts in facilitating the mergers and acquisitions in India are favorable government policies, buoyancy in economy, additional liquidity in the corporate sector, and dynamic attitudes of the Indian entrepreneurs are the key factors behind the changing trends of mergers and acquisitions in India. Even though mergers and acquisitions (M&A) have been an important element of corporate strategy all over the globe for several decades, research on M&As has not been able to provide conclusive evidence on whether they enhance efficiency or destroy wealth. There is thus an ongoing global debate on the effects of M&As on firms. This article seeks to explore the trends and progress in M&As India. Electronic copy available at: http://ssrn.com/abstract=1618272 MERGER & ACQUISITION IN INDIA: AN ANALYTICAL STUDY The phrase mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to create another business entity. In business or economics a merger is a combination of two companies into one larger company. Such actions are commonly voluntary and involve stock swap or cash payment to the target. Stock swap is often used as it allows the shareholders of the two companies to share the risk involved in the deal. A merger can resemble a takeover but result in a new company name (often combining the names of the original companies) and in new branding; in some cases, terming the combination a â€Å"merger† rather than an acquisition is done purely for political or marketing reasons. Mergers may be broadly classified in (i) Horizontal mergers: A situation when two or more merging companies manufacture similar product in the same industry. (ii) Vertical mergers: A situation when two or more merging companies work at different stages of manufacture of a same product. (iii) Conglomerate mergers: A situation when two or more merging companies operate in different industries. The word acquisition, also known as a takeover or a buyout, is the buying of one company (the ‘target’) by another. An acquisition may be friendly or hostile. In the former case, the companies cooperate in negotiations; in the latter case, the takeover target is unwilling to be bought or the target’s board has no prior knowledge of the offer. Acquisition usually refers to a purchase of a smaller firm by a larger one. Sometimes, however, a smaller firm will acquire management control of a larger or longer established company and keep its name for the combined entity. This is known as a reverse takeover. Another type of acquisition is reverse merger, a deal that enables a private company to get publicly listed in a short time period. A reverse merger occurs when a private company that has strong prospects and is eager to raise financing buys a publicly listed shell company, usually one with no business and limited assets. Electronic copy available at: http://ssrn.com/abstract=1618272 Reasons for Merger and Acquisition †¢ Operating synergies: The uniting of two firms improve productivity or cut costs so that the unlevered cash flows of the combined firm exceed the combined unlevered cash flows of the individual firm †¢ A vertical merger between a supplier and a customer, eliminates various coordination and bargaining problems †¢ A horizontal merger between competitors, produces a less competitive product market and cost savings from combining R&D facilities and sales forces †¢ Financial synergies: Information and incentive problems may cause cashstarved firms to pass up positive NPV projects, but cash-rich firms to overinvest in negative NPV projects †¢ Conglomerates can use internal capital markets to transfer funds from negative NPV projects to positive NPV projects †¢ †¢ Enhance the flexibility of the organization Reduces bankruptcy risk Objectives In this article an attempt has been made (i) To examine the presence of trends and progress of M&As in Indian corporation. (ii) To analyze year-wise and industry-wise variance in number and amount of M&A deals. Hypotheses To cover the above objectives following hypotheses have been formulated: 1. There is no significant difference in number and amount of M&A deals in between years and between industries. 2. There is no significant difference between M&A progress in manufacturing and service sector Industry-wise Trends of M&As The industry-wise trends in number and amount of M&A deals between 2000 and 2007 are presented in the Table 1 and Table 2 and the industry-wise trends and progress of M&As have been analysed on this basis Food and Beverages: India is the world’s second largest producer of food next to China, and has the potential of being the biggest with the food and agricultural sector. The Indian food market is estimated at over US$ 182 billion, and accounts for about two thirds of the total Indian retail market. According to industry experts, the market for carbonated drinks in India is worth US$ 1.5 billion while the juice and juice-based drinks market accounts for US$ 0.25 billion. Growing at a rate of 25 per cent, the fruitdrinks category is one of the fastest growing in the beverages market. The Indian food processing industry plays a significant role in diversifaction of agriculture products, generates employment, enhances income of farmers and creates a surplus for export of agro-foods. The important reason of the M&A activity initiated in this industry are deregulation, restructuring disinvestment, restructuring by parent companies and presence of foreign players. Textiles Industry: Until the economic liberalization of Indian economy, the India Textile Industry was predominantly unorganized industry. The opening up of Indian economy post 1990s led to a stupendous growth of this industry. India Textile Industry is one of the largest textile industries in the world. Today, Indian economy is largely dependent on textile manufacturing and exports. India earns around 27% of the foreign exchange from exports of textiles. Further, India Textile Industry contributes about 14% of the total industrial production of India. Furthermore, its contribution to the gross domestic product of India is around 3% only. Textile Industry involves around 35 million workers directly and it accounts for 21% of the total employment generated in the economy. However the important reasons for the M&As in these sectors are: growth of power looms and handlooms sector at the cost of mill sector which has ultimately resulted in making them sick and unviable. This has led to an increase in the closure of mills; in addition, continued and persistent use of old plant and machinery has led to low profitability in the mill sector and thereby forcing some of mills to closedowns. Chemicals, Drugs and Pharmaceuticals: Under this category companies operating in the industrial groups of chemicals, drugs, pharmaceutical, cosmetics petrochemicals and rubbers have been taken into account for analyzing the trend and progress. The drug & pharmaceutical industry in India meets around 70% of the country’s demand for bulk drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules, orals and injectibles. There are about 250 large Pharmaceuticals manufacturers and suppliers and about 8000 Small Scale Pharmaceutical & Drug Units which form the core of the pharmaceutical industry in India (including 5 Central Public Sector Units). These bulk drugs and pharmaceuticals manufacturers produce the complete range of pharmaceutical formulations i.e. medicines ready for consumption by patients and about 350 bulk drugs i.e. chemicals having therapeutic value and used for production of pharmaceutical formulations. Owing to a significant increase in Pharmaceuticals exports, India’s USD 3.1 billion pharmaceutical industries are growing at the rate of 14 percent per year. It is one of the largest and most advanced among the developing countries. Even the number of pharmaceuticals exporters, manufacturers and suppliers is increasing tremendously, the factors that contributed to increase in M&A activity in these sectors are: Introduction of the process Patent Act in 1970, which required Indian companies to recognize international process patents. This has given an opportunity for the Indian companies to grow. This growth is associated with M&As and the emergence of WTO has brought about fundamental changes in the pharmaceutical industry. Trade-related aspects of intellectual property rights (TRIPS) of WTO require all Indian companies to comply with international patents. This has mainly happened in the form of M&As. Non–metallic Mineral Products: In this sector, cement and ceramics manufacturers are the primary players. The factors responsible for M&As are: before 1999 cement industry faced many problems like liquidity crisis, inadequate expenditure on infrastructure and costs of inputs. South-east Asian crisis brought narrowed profitability resulting to the bigger players withstanding the pressure of lower profitability and smaller and marginal players closing down or merging with big players and trying to appear favorable for a takeover. National Quadrilateral Road Project and State Government Policies to construct the irrigation projects could be other factors responsible for this boom. Basic Metal, Alloy and Steel: This is one of the oldest and traditional industry sectors in India. Companies operating in metals, alloy, steel and related concerns are grouped under this head. The factors contributing to M&As in this sector are: Slowdown of the economy during the year 1996-97, the capital markets, remaining depressed for the past couple of years, drying up sources of investment funds for industry, small and medium corporate finding it difficult to access institutional funds and export growth subjected to competitive pressure from imports. Information Technology and Telecom: Companies operating in the IT, Software, telecom and convergence sector are clubbed in industry, the central government has formed an independent department of information technology. Since the removal of restrictions on foreign capital investment and industrial de-licensing, India’s Telecom industry has shown large growth The Important factors for increasing M&As in this sector are: Consistent efforts were made by the department of telecom and its constituent organizations for upgrading and expanding the telecom networks and services and the Initiation of internet and web based developments and introduction of cell phone in India;. Automobiles and Automobile Ancillaries: Companies operating in automobile sector, locomotives, transport and spares have been included under this head. The Indian transport industry has been gradually playing a catalytic role for producing a wide variety of vehicles, passenger cars. Important factors responsible for an increase in M&As in this sector are: Globilalization is pushing global auto majors to consolidate, to upgrade technology, enlarge product range, access new markets and to cut costs. Competitive pressure and presence of global players have resulted in a number of M&As in this sector. Energy, Power, Gas and Oil: Companies operating in the field of energy, power, gas and oil are included in this group. Important factors responsible for an increase in M&As in this sector are, low rate of growth in power generation depressed the growth rate of industrial production and has necessitated immediate attention of big companies like Reliance Industries and due to unavailability of power and frequent disruptions have given an impetus to M&As in this sector..

Transformational Leadership Research Paper Example | Topics and Well Written Essays - 750 words - 1

Transformational Leadership - Research Paper Example Leaders have the responsibility of identifying the causes of slow and adopt a transformational leadership strategy to limit the adversities associated with slow death. One of the elements of transformational leadership is individualized consideration. A transformative leader attends to the needs of his followers in the organization. Through adopting a transformative leadership, leaders in the institution will give empathy and support, keep communication open and place beneficial challenges before the followers. During the process of extensive communication, institutional leaders will have the opportunity to identify possible evidences of slow and death counteract them before they mature (Verlage, Rowold & Schilling, 2012). Additionally, transformative leaders have a will and aspirations for self development in addition to intrinsic motivation towards their work. Chances of transformative leaders experiencing slow death are minimal because they have the intellectual stimulation to adopt innovation and creativity when approaching organizational problems. According to Shields (2011), deep change is a function of discipline, courage and motivation. Leaders can achieve inspirational motivation if they are transformative leaders. Leaders with inspirational motivation are usually challenged to leave abandon their comfort zones, convince themselves about optimism concerning future goals, and provide meaning for task at hand. This motivation can also be translated into junior employees to develop a strong sense of purpose for work. Inspirational motivation prevents possible victimization, psychological death and even active exit because it does not allow postponement of responsibilities (Verlage, Rowold & Schilling, 2012). Situational leadership model also focuses on self-motivation as critical element of proper leadership. The proponents of

Systems and Multicultural Approaches Research Paper

Systems and Multicultural Approaches - Research Paper Example Multicultural approaches examinations the effect of culture on the way People think, act, and feel. Culture is s known group of people who share behaviors’, values and Customs, for example, Deaf community, gays, and lesbians, etc. Deaf people have their culture because the used the common sign language, go to the same churches, social organization, schools, and the same way of interacting with one another. Culture can also be defined according to the variables that identifies cultural group of persons, this is as per the career development theories (Hartung, 2002). For this case study Juan has four problems that should be approached namely loneliness, he doesn’t have job, problem with working with the community because he is was told he doesn’t enough information about the local community and finally been negatively seen because of his age. These problems can be handled by the combination of both Systems and Multicultural Approaches. The first problems of loneliness and job can be solved by system approach since these problems are more of relationship than cultural. The loneliness can be solve may be by encourage either Juan of his family to relocated so that they can live close and remove the loneliness. The other issue of Juan being perceives as not having enough information about the local trends and the negativity because of his age can be handled by multicultural approach because it is a cultural issue and not relationship issue. The local community should be educated and encouraged to welcome Juan irrespective of where he comes from; furthermore Juan should try and learn more about the local community where he wants to work. Finally the issue of seen negatively because of his age when his charges come to trial can also be handled using Multicultural approach, this is because it seems in this community where Juan stay and in courts of laws don’t believe old people can be charged because of solicitation. They should be educated in order

Comparative Analysis of Global Consumers (Italy) Essay

Comparative Analysis of Global Consumers (Italy) - Essay Example Today, the USA and Italy are working together on major economic issues. Both countries are the member of G-8. Italy, having a large population and high per capita income is the United States 10th biggest trading partner, with a joint trade of $42.5 billion, with exports to Italy totaling $11.5 and imports from Italy totaling to $31.0 Billion. The US also had a $19.5 Billion shortage with Italy in 2005 which rose up from 17.4 billion in 2004. Major transformations can be seen in this trade nowadays. Products such as, office machinery and aircraft are becoming important US exports to Italy. The US's foreign investment in Italy was $33.3 billion at the end of the year 2004. Two hard years, distinct by a financial slump in Europe and a damaging Euro/ Dollar exchange rate. In 2003, there were the first signs of recovery, which were later confirmed in the year 2004, and it became a solid movement in the early 2005. Once the slump was over the Italian machine tool industry started to run smoothly confirming the positive trends. This was an important sign; first being because of the trend in the machine tool sector, which was a good sign in the interest of the industry as a whole in the new investment sector. This indicator measures business brightness, the development objectives measured are achievable and the motivation to assemble the financial resources by increasing the risk capital. Another reason is the nature of this sector. With a â‚ ¬4 billion turnover and over more than 35000 jobs, this industry is one of the most important in the world along with the United States, Taiwan, Japan and Germany. The major reason of it is because of its size and the percentage of the products exported.

Whole Grain Food Choice Essay Example | Topics and Well Written Essays - 1500 words

Whole Grain Food Choice - Essay Example Amanda (2014) indicates that USDA recommends individuals to consume grains daily and at least half of the grains should be whole grains. Unless one is experiencing non-celiac gluten sensitivity, this article depicts that an individual should not miss the health benefits of eating whole grains. Some of the notable benefits of whole grains as outlined by this article include getting adequate fiber, vitamins, a variety of phytochemicals, and minerals. A Vital aspect to note is that whole grains have the original parts of the kernel which include bran, endosperm, and germ. This article indicates that whole grain lower blood pressure, which is a major factor for heart diseases. As compared to refined food, Amanda argues that whole food helps individual’s blood glucose from rising, thus reducing the risks of getting type 2 diabetes. For example, a study indicated that by taking one-third of serving cooked white rice per day for brown rice, the risks of type 2 diabetes is reduced by 16%. Reference no. 2: WebMD. Tips for Reaping the Benefits of Whole Grains This article indicates that whole grains diet has positive implications on bowel health due to the regular bowel movements and promotion of healthy bacteria in the colon. Despite the importance of whole food in consumers’ bodies, WebMD indicates that only 10% of Americans consume three servings a day, which is the recommended level. This is due to the fact that it is somehow challenging to tell just which foods are whole grains.

Space Elevator Research Proposal Example | Topics and Well Written Essays - 750 words

Space Elevator - Research Proposal Example It is a fixed structure as opposed to a vehicle which will be fuel hungry and will have limited capacity of locomotion between the body and the space. A typical space elevator will be a cable like structure extending from the earth's surface into the outer space. It's center of mass will coincide with the Geostationary Earth Orbit, which is at an altitude of 35,786 km. Locomotion will be facilitated by electromagnetic vehicles which will travel along the cables and will be effective in the movement of people, power and other material. (Audacious & Outrageous: Space Elevators) The Space Elevator has caught the fancy of the scientific fraternity all across the globe. As the race to become the builder of the world's first Space Elevator gets heated up, interesting facts emerge. Japanese scientists have gone on record proclaiming that they were in the process of researching the possibility of building a Space Elevator - capable of transporting cargo as well as tourists, for $ 11 Billion. (Ramadge and Schneider) A region off the west coast of Australia has been identified as an Earth Dock, a location perfect for building the base earth station. "The Indian Ocean off Western Australia has been identified as an ideal location for a 'space elevator'; a thin carbon nano tube connecting a barge to a space station, along which supplies could be carried up. Construction could draw on the WA oil industry's expertise in constructing offshore platforms, as well as its material resources. NASA is currently investigating the feasibility of the project." (qtd. in "Lost in Space' Setting a new direction for Australia's space science and industry sector", 27) The structural specifications of the Space Elevator include several parts like the base station, a cable, climbers, and a counterweight. Base stations, in almost all prototypes, are of two varieties - stationary and mobile. Ships and other vessels can serve as mobile base stations while buildings at higher altitudes can suffice as stationary base stations. Both have their own advantages and disadvantages - while it will be cheaper to operate a stationary base station, a mobile base station can be moved so as to avoid any natural calamity. The cables are perhaps the most important part of the setup. It is necessary to manufacture the cables out of a light yet sturdy material. To be economically viable it will be necessary to produce the material at a mass scale and at a viable price. Research has shown that Carbon nano tubes have the capacity to withstand tensile strength of 63 to 177 GPa and are pretty light, as because of the chemical structure of the carbon atoms ensure that there is free space in between the carbon atoms. Thorough research is necessary to produce carbon nano tubes which are stronger. Another point needs to be kept in mind while constructing a nano tube; it will have to bear its own weight along with the weight of the particles which will be transported. Climbers are basically the vessels which will move along the cable. Climbers again will have to be light and heat resistant - they will encounter atmospheric friction while moving up and down a cable. The most important part is the source of power for the climbers. Options like nuclear power, solar energy, laser power beaming are there to be explored. The counterweight is the object which will hold