Free Essays on Dracula and Jesus

Dracula and Jesus? Count Dracula has many similarities to Jesus Christ throughout Bram Stoker’s novel Dracula. Although Jesus represents good and Dracula represents bad, both have things in common. They are both supposed to be presented as a godly and all-powerful figure. In this novel, you find similarities in the way they die, what happens when they die, and how others know them. They are very different but have similar ways of doing things. One thing in which they have in common is the way they die. Dracula is killed when Quincey Morris drives a knife through his heart and Jesus dies when the Romans nail him to the cross. After Jesus died his body ascended into heaven. When Dracula dies, according to Mina Harker, â€Å"before our very eyes, and almost in the drawing of a breath, the whole body crumbled into dust and passed from our sight† (Stoker 398). These deaths are similar in that in both deaths the body disappears in an unnatural way and have their own meanings. Jesus ascended into heaven and Dracula vanished from the earth. Dracula’s dying is also symbolic, in that when he dies and turns to dust representing the Christian saying from dust to dust. Dust also symbolizes being set free and Christian freedom. Death equaling freedom is the next thing Dracula and Jesus Christ have in common. It is believed that before Jesus died all souls were sent to purgatory, where they waited. When Jesus died there souls were saved and they went to heaven. It is also believed that whomever Dracula bites will turn into a vampire when they die and remain un-dead forever. The only way to be saved is for Dracula to be killed. This is proven right before Quincey Morris dies after he just killed Dracula, â€Å"It was worth for this to die†¦. The curse has passed away† (Stoker 399). After Dracula dies the vampire curse is taken away and their souls are freed. Just as when Jesus died, he freed all the souls from purgatory. In both of their death... Free Essays on Dracula and Jesus Free Essays on Dracula and Jesus Dracula and Jesus? Count Dracula has many similarities to Jesus Christ throughout Bram Stoker’s novel Dracula. Although Jesus represents good and Dracula represents bad, both have things in common. They are both supposed to be presented as a godly and all-powerful figure. In this novel, you find similarities in the way they die, what happens when they die, and how others know them. They are very different but have similar ways of doing things. One thing in which they have in common is the way they die. Dracula is killed when Quincey Morris drives a knife through his heart and Jesus dies when the Romans nail him to the cross. After Jesus died his body ascended into heaven. When Dracula dies, according to Mina Harker, â€Å"before our very eyes, and almost in the drawing of a breath, the whole body crumbled into dust and passed from our sight† (Stoker 398). These deaths are similar in that in both deaths the body disappears in an unnatural way and have their own meanings. Jesus ascended into heaven and Dracula vanished from the earth. Dracula’s dying is also symbolic, in that when he dies and turns to dust representing the Christian saying from dust to dust. Dust also symbolizes being set free and Christian freedom. Death equaling freedom is the next thing Dracula and Jesus Christ have in common. It is believed that before Jesus died all souls were sent to purgatory, where they waited. When Jesus died there souls were saved and they went to heaven. It is also believed that whomever Dracula bites will turn into a vampire when they die and remain un-dead forever. The only way to be saved is for Dracula to be killed. This is proven right before Quincey Morris dies after he just killed Dracula, â€Å"It was worth for this to die†¦. The curse has passed away† (Stoker 399). After Dracula dies the vampire curse is taken away and their souls are freed. Just as when Jesus died, he freed all the souls from purgatory. In both of their death...

Definition of Verb for Spanish Students

Definition of Verb for Spanish Students Verbs are used in Spanish much they same way as they are in English. However, there are some key differences, particularly that Spanish has numerous forms of each verb through a process known as conjugation, while English forms are typically limited to not more than a handful per verb. Definition of Verb A verb is a part of speech that expresses action, existence or mode of being. In both English and Spanish, a verb, to be used in forming a complete sentence, must be accompanied by a noun or pronoun (known as a subject). In Spanish, however, the subject can be implied rather than explicitly stated. So in Spanish as sentence as Canta (he or she sings) is complete while sings isnt. These sample sentences give examples of Spanish verbs performing each of these three functions. Expressing action: Los dos bailan el tango.  (The two  are dancing  the tango.) Los equipos viajaron a Bolivia. (The teams traveled to Bolivia.)Indicating an occurrence: Es lo que me pasa cada maà ±ana. (It is what happens to me every morning. Note in this Spanish sentence, there is no equivalent of it.) El huevo se convirtià ³ en un sà ­mbolo de la vida. (The egg became a symbol of life.)Indicating a mode of being or equivalence: No estoy en casa. (I am not at home.) El color de ojos es un rasgo genà ©tico. (Eye color is a genetic trait.) The Spanish word for verb is verbo. Differences Between Spanish and English Verbs The biggest difference between verbs in English and Spanish is the way they change to show who or what is performing the verbs action and the time the verbs action occurs. English, for example, when speaking of something the occurs in the In Spanish, however, there are six forms: como (I eat), comes (you, a person close to me, eats), come (he or she eats), comemos (we eat), comà ©s (more than one of you eat), and comen (they eat). In English, a -d or -ed can be added to most verbs to indicate that the action took place in the past. In Spanish, the ending depends on who did the action. Most verb tenses have five or six such forms. English is also freer with its use of auxiliary verbs than Spanish is. In English, for example, we can add will to indicate something will happen in the future, as in I will eat. But Spanish has its own future verb forms (such as comerà © for I will eat). Spanish also has auxiliary verbs, but they arent used as much as in English. Finally, Spanish makes extensive use of the subjunctive mood, a verb form used for actions that are desired or imagined rather than real. For example, we leave by itself is salimos, but in translating I hope we leave, we leave becomes salgamos. Subjunctive verbs exist in English but are fairly uncommon and are often optional where theyd be required in Spanish. Because many native English speakers are unfamiliar with the subjunctive, Spanish students in English-speaking areas typically do not learn much about the subjunctive until the second year of study.

Knowledge Management ACADEMIC REPORT Coursework

Knowledge Management ACADEMIC REPORT - Coursework Example The following report is a critical analysis of the A&E knowledge management (KM) strategies. The report also reveals how different organizational factors in the department affect the hospitals strategies of managing knowledge. St Mary Hospital aims to provide specialized patient-centered care to all its clients. The hospital personnel strives to optimize the experience of the patient by facilitating the provision of innovative health care. The staffs of the hospital takes part in training and research and use the evidence they gather to offer quality care. Every other day, experts in the medical field, discover new methods of managing patients. Researchers need to disseminate the knowledge to the people on the ground to increase its usefulness. In St Mary Hospital, the management of the hospital provides enough resources for training and updating the A&E nurses. However, there are no changes in patient outcomes, and mortality rates are still high. One of the objectives of the organization is to improve clinical outcomes of patients. Hence, a critical appraisal of the organizational factors breaking the chain of KM is necessary for the survival of the hospital. In today’s world, ineffective use of knowledge in an organization could be detrimental to its performance. Knowledge is crucial to the survival and success of every hospital, firm, company, and project (Hislop, 2013). There are new health care providers, enterprises, hospitals, entrepreneurs and service providers flooding the market every minute of every day. Therefore, every firm desires to gain competitive advantage over the others to secure and a place in the global market. The purpose of managing knowledge in the company is to maximize its learning related effectiveness (Greiner, et al., 2007). Likewise, in medical centres, knowledge is of utmost importance. Today’s disease patterns are unique and becoming

NAFTA (SLP) Module5 Essay Example | Topics and Well Written Essays - 500 words

NAFTA (SLP) Module5 - Essay Example problems created by NAFTA continue to affect some of the member states – a problem that has not been received well by critics such as Ralph and Pat. Reasons for opposing NAFTA include the loss of jobs that has affected the USA. It is estimated that since 1995, NAFTA is responsible for the loss of some 765,000 jobs. This loss of jobs has also created a ripple effect on the economic wellbeing of the laid off workers. After the loss of jobs, finding new jobs has a 23% less pay within the same industries they used to work. Additionally, investment on manufacturing industries has increased Mexican problem in that, around the maquiladora zones along the Mexico-US border, pollution and poor disposal of waste has threaten to cause adverse environmental issues (Global Exchange, 2011). In the USA, NAFTA has been viewed as a free trade agreement that has caused multiple employment and investment issues. For example, a study by the Cornell University shows that two-thirds of manufacturing and communications companies have threatened their employees that they would move their operations outside the USA. This move aims at exporting well-paying jobs from the USA to either Mexico or Canada where labor is expected to be cheaper. In this case, more employees are left jobless or underpaid as companies thrive to create value through the free trade agreement (Workorg, 2010). NAFTA is an export dependent trade agreement which affects the resources of the nations involved. For example, natural resources such as forests and fish have been overexploited to settle trade debts among member states. Mexico has been on the receiving end as 15 US-based wood products’ companies have established operations in Mexico drastically increased logging. Guerrero, a Mexican State has lost 40 percent of her forest cover following the establishment of US-based wood products’ companies. Family farmers face the adverse effects of the NAFTA free trade doctrine. It is seen that NAFTA has influenced

The Adventures of Huckleberry Finn Essay Example for Free

The Adventures of Huckleberry Finn Essay Mark Twains The Adventures of Huckleberry Finn is a novel about a young boys coming of age in the Missouri of the mid-1800s. The main character, Huckleberry Finn, spends much time in the novel floating down the Mississippi River on a raft with a runaway slave named Jim. Before he does so, however, Huck spends some time in the fictional town of St. Petersburg where a number of people attempt to influence him. Before the novel begins, Huck Finn has led a life of absolute freedom. His drunken and often missing father has never paid much attention to him; his mother is dead and so, when the novel begins, Huck is not used to following any rules. The books opening finds Huck living with the Widow Douglas and her sister, Miss Watson. Both women are fairly old and are really somewhat incapable of raising a rebellious boy like Huck Finn. Nevertheless, they attempt to make Huck into what they believe will be a better boy. Specifically, they attempt, as Huck says, to sivilize him. This process includes making Huck go to school, teaching him various religious facts, and making him act in a way that the women find socially acceptable. Huck, who has never had to follow many rules in his life, finds the demands the women place upon him constraining and the life with them lonely. As a result, soon after he first moves in with them, he runs away. He soon comes back, but, even though he becomes somewhat comfortable with his new life as the months go by, Huck never really enjoys the life of manners, religion, and education that the Widow and her sister impose upon him. Huck believes he will find some freedom with Tom Sawyer. Tom is a boy of Hucks age who promises Huck and other boys of the town a life of adventure. Huck is eager to join Tom Sawyers Gang because he feels that doing so will allow him to escape the somewhat boring life he leads with the Widow Douglas. Unfortunately, such an escape does not occur. Tom Sawyer promises muchrobbing stages, murdering and ransoming people, kidnaping beautiful women- -but none of this comes to pass. Huck finds out too late that Toms adventures are imaginary: that raiding a caravan of A-rabs. really means terrorizing young children on a Sunday school picnic, that stolen joolry is nothing more than turnips or rocks. Huck is disappointed that the adventures Tom promises are not real and so, along with the other members, he resigns from the gang. Another person who tries to get Huckleberry Finn to change is Pap, Hucks father. Pap is one of the most astonishing figures in all of American literature as he is completely antisocial and wishes to undo all of the civilizing effects that the Widow and Miss Watson have attempted to instill in Huck. Pap is a mess: he is unshaven; his hair is uncut and hangs like vines in front of his face; his skin, Huck says, is white like a fishs belly or like a tree toads. Paps savage appearance reflects his feelings as he demands that Huck quit school, stop reading, and avoid church. Huck is able to stay away from Pap for a while, but Pap kidnaps Huck three or four months after Huck starts to live with the Widow and takes him to a lonely cabin deep in the Missouri woods. Here, Huck enjoys, once again, the freedom that he had prior to the beginning of the book. He can smoke, laze around, swear, and, in general, do what he wants to do. However, as he did with the Widow and with Tom, Huck begins to become dissatisfied with this life. Pap is too handy with the hickory and Huck soon realizes that he will have to escape from the cabin if he wishes to remain alive. As a result of his concern, Huck makes it appear as if he is killed in the cabin while Pap is away, and leaves to go to a remote island in the Mississippi River, Jacksons Island. It is after he leaves his fathers cabin that Huck joins yet another important influence in his life: Miss Watsons slave, Jim. Prior to Hucks leaving, Jim has been a minor character in the novelhe has been shown being fooled by Tom Sawyer and telling Hucks fortune. Huck finds Jim on Jacksons Island because the slave has run awayhe has overheard a conversation that he will soon be sold to New Orleans. Soon after joining Jim on Jacksons Island, Huck begins to realize that Jim has more talents and intelligence than Huck has been aware of. Jim knows all kinds of signs about the future, peoples personalities, and weather forecasting. Huck finds this kind of information necessary as he and Jim drift down the Mississippi on a raft. As important, Huck feels a comfort with Jim that he has not felt with the other major characters in the novel. With Jim, Huck can enjoy the best aspects of his earlier influences. As does the Widow, Jim allows Huck security, but Jim is not as confining as is the Widow. Like Tom Sawyer, Jim is intelligent but his intelligence is not as intimidating or as imaginary as is Toms. As does Pap, Jim allows Huck freedom, but he does it in a loving, rather than an uncaring, fashion. Thus, early, in their relationship on Jacksons Island, Huck says to Jim, This is nice. I wouldnt want to be nowhere else but here. This feeling is in marked contrast with Hucks feelings concerning other people in the early part of the novel where he always is uncomfortable and wishes to leave them. At the conclusion of chapter 11 in The Adventures of Huckleberry Finn, Huck and Jim are forced to leave Jacksons Island because Huck discovers that people are looking for the runaway slave. Prior to leaving, Huck tells Jim, Theyre after us. Clearly, the people are after Jim, but Huck has already identified with Jim and has begun to care for him. This stated empathy shows that the two outcasts will have a successful and rewarding friendship as they drift down the river as the novel continues.

Anti-Matter :: essays research papers

Anti-Matter Introduction Ordinary matter has negatively charged electrons circling a positively charged nuclei. Anti-matter has positively charged electrons - positrons - orbiting a nuclei with a negative charge - anti-protons. Only anti-protons and positrons are able to be produced at this time, but scientists in Switzerland have begun a series of experiments which they believe will lead to the creation of the first anti-matter element -- Anti-Hydrogen. The Research Early scientists often made two mistakes about anti-matter. Some thought it had a negative mass, and would thus feel gravity as a push rather than a pull. If this were so, the antiproton's negative mass/energy would cancel the proton's when they met and nothing would remain; in reality, two extremely high-energy gamma photons are produced. Today's theories of the universe say that there is no such thing as a negative mass. The second and more subtle mistake is the idea that anti-water would only annihilate with ordinary water, and could safety be kept in (say) an iron container. This is not so: it is the subatomic particles that react so destructively, and their arrangement makes no difference. Scientists at CERN in Geneva are working on a device called the LEAR (low energy anti-proton ring) in an attempt to slow the velocity of the anti-protons to a billionth of their normal speeds. The slowing of the anti-protons and positrons, which normally travel at a velocity of that near the speed of light, is neccesary so that they have a chance of meeting and combining into anti-hydrogen. The problems with research in the field of anti-matter is that when the anti-matter elements touch matter elements they annihilate each other. The total combined mass of both elements are released in a spectacular blast of energy. Electrons and positrons come together and vanish into high-energy gamma rays (plus a certain number of harmless neutrinos, which pass through whole planets without effect). Hitting ordinary matter, 1 kg of anti-matter explodes with the force of up to 43 million tons of TNT - as though several thousand Hiroshima bombs were detonated at once. So how can anti-matter be stored? Space seems the only place, both for storage and for large-scale production. On Earth, gravity will sooner or later pull any anti-matter into disastrous contact with matter. Anti-matter has the opposite effect of gravity on it, the anti-matter is 'pushed away' by the gravitational force due to its opposite nature to that of matter.

Strategic Management Study Guide

STRATEGIC MANAGEMENT TEST 2 (Chapters 3, 4, and 6): STUDY GUIDE †¢Know definitions and be able to recognize examples of concepts †¢Test will be multiple choice, 45-50 items †¢Bring scantron sheet and #2 pencil Additional free student study resources available including an interactive quiz from the publisher at: http://highered. mcgraw-hill. com/sites/0078029317/student_view0/chapter1/chapter_quiz. html Chapter 3: Assessing the Internal Environment †¢What is value chain analysis? How is it useful for understanding competitive advantages?Strategic analysis of an organization that uses value-creating activities. It is useful for understanding the building blocks of competitive advantages. †¢In the value chain, what are the 5 primary activities? Which 4 activities are support activities? Primary- inbound logistics, operations, outbound logistics, marketing and sales, and service. Support- general admininistration, human resource management, technology development , and procurement. †¢Relating to primary activities, what specific activities are associated with inbound logistics? Operations? Outbound logistics?Marketing and sales? Service? Inbound logistics- receiving, storing, and distributing inputs of a product. Operations- all activities associated with transforming inputs into the final product form. Outbound logistics- collecting, storing, and distributing the product or service to buyers. Marketing and sales- activities associated with purchases of products and services by end users and the inducements used to get them to make purchases. Service- actions associated with providing service to enhance or maintain the value of the product. †¢What is a Just-in-time inventory system? were designed to achieve efficient inbound logistics. Parts and deliveries arrive only hours before they are needed. †¢Relating to support activities, what specific activities are associated with procurement? Technology development? HR management? General administration? Procurement- purchasing inputs used in the firm’s value chain, including raw materials, supplies, and other consumable items as well as assets such as machinery, laboratory equipment, office equipment, and buildings. Technology development- development of new knowledge that is applied to the firm’s operations.HR management- activities involved in the recruiting, hiring, training, development, and compensation of all types of personnel. General administration- general management, planning, finance, accounting, legal and government affairs, quality management, and information systems: activities that support the entire value chain and not individual activities. †¢How has Walgreen’s used information systems to be a sources of competitive advantage? Introduction of a computer based prescription management system- automates telephone refills, store to store prescription transfers, and drug reordering.Also provides information on drug inte ractions and frees up pharmacists from administrative tasks to devote more time to patient counseling. †¢What are the two levels of interrelationships among value-chain activities? 1. Interrelationships among activities within the firm 2. Interrelationships among activities within the firm and other stakeholders. †¢What is resource-based view of the firm? Perceptions that firms’ competitive advantages are due to their endowment of strategic resources that are valuable, rare, costly to imitate, and costly to substitute. What are the 3 types of firm resources? Tangible, Intangible, and Organizational Capabilities. †¢What are the 4 kinds of tangible resources? Financial, physical, technological, and organizational. †¢What are the 3 kinds of intangible resources, Human, Innovation and Creativity, and Reputation. †¢What examples of organizational capabilities? Ex. Outstanding customer service. Excellent product development capabilities, innovativeness of p roducts and services. Ability to hire, motivate, and retain human capital. What are the four criteria that a firm’s resources must possess to maintain a sustainable advantage? 1. Resource must be valuable in the sense that it exploits opportunities and/or neutralizes threats in the firm’s environment. 2. It must be rare among the firm’s current and potential competitors. 3. It must be difficult to imitate. 4. Must have no strategically equivalent substitutes. †¢How can the following four resource characteristics help sustain a competitive advantage based on inimitability: physical uniqueness, path dependency, causal ambiguity, and social complexity? 1.Inherently difficult to copy. 2. Resources are scarce because they were acquired through a unique series of events. 3. Costly to imitate because competitor cannot determine what the resource is and/or how it can be re-created. 4. Costly to imitate because the social engineering required is beyond the capabilit y of competitors, including interpersonal relations among managers, organizational culture, and reputation with suppliers and customers. †¢Substitutability can take which two forms? 1. Substitute a similar resource that enables it to develop and implement the same strategy. . Very different firm resources can become strategic substitutes. †¢ See exhibit 3. 7 – what are the implications for competitiveness based on differing characteristics of a resource or capability? The less valuable, less rare, easier to imitate, more substitutes, the less competitive advantage. †¢What are the four factors that help explain the extent to which employees will be able to obtain a proportionally high level of a firm’s profits? 1. Employee bargaining power. 2. Employee replacement costs. 3. Employee exit costs. 4. Manager Bargaining Power. What are the two approaches to use when evaluating a firm’s performance? Financial ration analysis and taking a broad stakehold er view. †¢What is financial ratio analysis? How can historical comparisons, industry norm comparisons, and competitor comparisons each serve as useful reference points? 1. Technique for measuring the performance of a firm according to its balance sheet, income statement, and market valuation. 2. Provides a means of evaluating trends. 3. Assesses relative performance. 4. Gain valuable insights into a firm’s financial and competitive position. What is the balanced scorecard? Why is it useful? a method of evaluating a firm’s performance using performance measures from the customers, internal innovation, and learning, and financial perspectives. Provides managers with a fast, but comprehensive review of the business (operations measures that drive the future financial performance). †¢What are the four key perspectives of the balanced scorecard? 1. Customer perspective- measures of firm performance that indicate how well firms are satisfying customer’s exp ectations. 2.Internal business perspective- measures of firm performance that indicate how well firms internal processes, decisions, and actions are contributing to customer satisfaction. 3. Innovation and learning perspective- measures of a firm performance that indicate how well firms are changing their product and service offerings to adapt to changes in the internal and external environments. 4. Financial perspective- measure of firm’s financial performance that indicate how well strategy, implementation and execution are contributing bottom-line improvement. †¢What are the limitations of the balanced scorecard?Lack of a clear strategy, limited or ineffective executive sponsorship, too much emphasis on financial measures rather than nonfinancial measures, poor data on actual performance, inappropriate links of scorecard measures to compensation, inconsistent or inappropriate terminology. Chapter 4: Recognizing a Firm’s Intellectual Assets: Moving Beyond a Firm ’s Tangible Resources †¢What is the knowledge economy? An economy where wealth is created through the effective management of knowledge workers instead of by the efficient control of physical and financial assets. How has the emphasis shifted between intangible and tangible resources as a result of changes in the competitive environment? Shifted from tangible resources such as land, equipment, and money. Efforts were more directed toward the efficient allocation of labor and capital. Now intellectual and information processes create most of the value for firms in large service industries. †¢What is the market value of a firm? What is the book value of a firm? What does the difference between the two values represent? In what types of firms does this difference tend to be the greatest?Market value- the value of a share of its common stock times the number of shares outstanding. Book value- is primarily a measure of the value of its tangible resources: total assets- t otal liabilities. The difference between the two represents the firm’s intellectual capital ( a measure of the firm’s intangible assets). In firms where knowledge and the management of knowledge workers are relatively important contributors to developing products and services and physical resources are less critical, the ratio of market to book value tends to be much higher. †¢What is intellectual capital and how can it be increased?Intellectual capital= market value of firm-book value of the firm. To increase: attract and leverage human capital effectively through mechanisms that create products and services of value over time. †¢What is human capital? Social capital? Explicit knowledge? Tacit knowledge? Human capital- the individual capabilities, knowledge, skills, and experience of a company’s employees and managers. Social capital- the network of friendships between talented people both inside and outside the organization. Explicit knowledge- knowl edge that is codified, documented, easily reproduced, and widely distributed.Tacit knowledge- knowledge that is in the minds of employees and is based on their experiences and backgrounds. †¢How is new knowledge created? Through the continual interaction of explicit and tacit knowledge. †¢How has employee loyalty to the company changed relative to loyalty to the profession? Knowledge workers place professional development and personal enrichment above company loyalty. †¢What is a first critical step in the process of of building intellectual capital? What are the other processes organizations use to build human capital?Hiring talented individuals, developing them to fulfill their full potential to maximize their joint contributions. Retain the best and brightest. †¢Why do many companies use employee referrals for new hires? Incentive bonuses paid to the referrers are cheaper than what they would have to pay headhunters to find candidates, plus the current employe es would find good candidates because they are putting their reputation on the line for them. †¢What strategies are used to develop human capital? Encouraging widespread involvement, Transferring knowledge, monitoring progress and development, and evaluating human capital. How as the importance of evaluating human capital changed in recent years? Collaboration and interdependence are vital to organizational success. Individuals must work collectively. Traditional past systems evaluate performance from a single perspective. †¢What is 360 degree feedback? Superiors, direct reports, colleagues, and even external and internal customers rate a person’s performance. †¢What are the 6 benefits of diversity in a firm’s workforce? 1. Cost argument- firms with more effective management in diversity will have a cost advantage over those that are not. 2.Resource acquisition argument- firms with excellent reputations as prospective employers for minorities will have a n advantage in the competition for top talent. 3. Marketing argument- for multinational firms this will be useful. 4. Creativity argument- less emphasis on conformity to norms of the past and diversity of perspectives will improve the level of creativity. 5. Problem solving argument- people with different perspectives have a better shot at solving complex problems than those who all think alike. 6. Organizational flexibility argument- greater flexibility leads means better reactions to environmental changes. What is network analysis? Closure relationships? Bridging relationships? Analysis of the pattern of social interactions among individuals. †¢How can effective social networks be advantageous to an individual’s career? Private information now available. Access to diverse skill sets. Power. †¢What is groupthink? – tendency in an organization for individuals not to question shared beliefts. †¢What are intellectual property rights? What actions can be ta ken to manage intellectual property? Intangible property owned by a firm in the forms of patents, copyrights, trademarks, or trade secrets. What are dynamic capabilities? The ability to sense and seize new opportunities, generates new knowledge, and reconfigure existing assets and capabilities. Chapter 6: Corporate-Level Strategy: Creating Value Through Diversification †¢What is corporate-level strategy? What two related issues does it address? a strategy that focuses on gaining long-term revenue, profits, and market value through managing operations in multiple businesses. Acquisitions and mergers. †¢How is related diversification different than unrelated diversification? What are the potential benefits of each?Related diversification- a firm entering a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power. Unrelated diversification- a firm entering a different business that has little horizontal interac tion with other businesses of a firm. †¢Be familiar with the classifications of Exhibit 6. 2 3M was using exorbitant rebates to retailers, which pushed them into a â€Å"monopolistic position† and courts ordered 3M to pay 68. 5 million dollars to another tape company. †¢In related diversification, what is meant by economies of scope?Cost savings from leveraging core competencies, sharing activities, or building market power. †¢What is a core competency? What are the three criteria for assessing if a core competency creates value? Firm’s strategic resources that reflect the collective learning in the organization. 1. Must enhance competitive advantage by creating superior customer value. 2. Different businesses in the corporation must be similar in at least one important way related to the core competence. 3. Must be difficult for competitors to imitate or find substitutes for. †¢What are sharing activities?What are the two payoffs associated with sh aring activities. -Having activities of two or more businesses value chains done by one of the businesses. -1. Cost savings -2. Revenue enhancement †¢In related diversification, what is market power? Firm’s ability to profit through restricting or controlling supply to a market or coordinating with other firms to reduce investment. †¢What is pooled negotiating power? the improvement in bargaining position relative to customers and suppliers. †¢What is vertical integration, in its associated risks and benefits? an xpansion or extension of the firm by integrating preceding or successive production processes (occurs when a firm becomes its own supplier or distributer). Pros- secure supply of raw materials or distribution channels. Protection and control over assests and services required to produce and deliver. Access to new business opportunities and new forms of technology. Eliminating the need to deal with a wide variety of suppliers and distributors. Cons- cos ts and expenses associated with increased overhead and capital expenditures. Loss of flexibility resulting from large investments.Problems associated with unbalanced capacities along the value chain. Additional administrative costs associated with managing a more complex set of activities. †¢What 5 issues should be considered in making vertical integration decisions? 1. Is the company satisfied with the quality of the value that its present suppliers and distributors are providing? 2. Are there activities in the industry value chain presently being outsourced or performed independently by others that are a viable source of future profits? 3. Is there a high level of stability in the demand for the organization’s products? . Does the company have the necessary competencies to execute the vertical integration strategies? 5. Will the vertical integration initiative have potential negative impacts on the firm’s stakeholders? †¢What is the transaction cost perspec tive? A perspective that the choice of a transaction’s governance structure such as vertical integration or market transaction, is influenced by transaction costs, including, search, negotiating, contracting, monitoring, and enforcement costs, associated with each choice. †¢What is unrelated diversification? What is a parenting advantage?A firm entering a different business that has little horizontal interaction with other businesses of a firm. Parenting advantage- the positive contributions of the corporate office to a new business as a result of expertise and support provided and not as a result of substantial changes in assets, capital structure, or management. †¢What is restructuring? What are the three types of restructuring? The intervention of the corporate office in a new business that substantially changes assets, capital structure and management. 1. Asset restructuring 2. Capital restructuring 3. Management restructuring What is portfolio management?Method of assessing the competitive position of a portfolio of businesses within a corporation, suggesting strategic alternatives for each business, and identifying priorities for the allocation of resources across the businesses. †¢What is the Boston Consulting Group’s (BCG) growth/share matrix? What are the 4 quadrants in the matrix? What are the suggested strategies associated with each of the quadrants? What are the limitations of the BCG matrix? Each of the firm’s strategic business units is plotted on a two-dimensional grid in which the axes are relevant market share and industry growth rate. 1.Stars-competing in high growth industries with high market shares, long term growth potential and should continue to receive substantial investment funding. 2. Question marks- competing in high growth industries with but have weak market share, resources should be invested to enhance their competitive positions. 3. Cash cows- have high market shares in low growth industries . Have limited long run potential, but represent a source of current cash flows to fund investments into starts and question marks. 4. Dogs- have weak market shares in low growth industries, weak positions and limited potential.Most recommend they become divested. Limitations of BCG matrix- 1. the only compare based on two dimensions. 2. View them as a stand-alone entity, ignoring common business practices and value creating activities that may hold promise for synergies across business units. 3. The process becomes largely mechanical, substituting an overly simplified graphical model for the important contributions of the CEO or other managers experience. †¢What are the three primary means by which a firm can diversify? 1. Through acquisitions or mergers 2.Pool the resources of other companies with their resource base, commonly known as a joint-venture or strategic alliance. 3. Diversify into new products, markets, and technologies through internal development. †¢What are the benefits and potential of mergers and acquisitions? 1. A means of obtaining valuable resources that can help an organization expand its product offerings and services 2. Can provide the opportunity for firms to attain the three bases of synergy—leveraging core competencies, sharing activities, and building market power. 3. Can lead to consolidation within an industry and can force other players to merge.Cons- competing firms can often imitate any advantages realized from the M&A. there can be cultural issues that may doom the intended benefits from the endeavors. †¢What is a divestment? The exit of a business from a firm’s portfolio. †¢What is a strategic alliance? Joint venture? How do they differ? What are their potential advantages and downsides? Strategic alliance- a cooperative relationship between two or more firms. Joint venture- new entities formed within a strategic alliance in which two or more firms, the parents, contribute equity to form the new legal entity.A strategic alliance is a cooperative relationship. A joint venture is a special case of alliances where both firms contribute equity to form a new legal entity. Pros- Reducing manufacturing or other costs in the value chain. Developing and diffusing new technologies. Cons- many fail to meet expectations. Without proper partner, a firm should never consider it. Little attention is often given to nurturing the close working relationships and interpersonal connections that bring together the partnering organizations. †¢What is internal development?What are its potential downsides? -Entering a new business through investment in new facilities, often called corporate entrepreneurship and new venture development. -It may be time consuming, firms may forfeit the benefits of speed that growth through mergers and acquisitions can provide. †¢How can managerial motives erode value creation? They may often act in their own self-interests (CEOS). â€Å"growth for gro wth’s sake†, excessive egotism, and the creation of a wide variety of antitakeover tactics. †¢What is meant by growth for growth’s sake? Egotism? Manager’s actions to grow the size of their firms not to increase long-term profitability, but to sever managerial self-interest. -Manager’s actions to shape their firm’s strategies to serve their selfish interests rather than to maximize long-term shareholder value. †¢What are the antitakeover tactics of greenmail, the golden parachute, and poison pill? Greenmail- a payment by a firm to a hostile party for the firm’s stock at a premium, made when the firm’s management feels that the hostile party is about to make a tender offer. (sort of like a bribe)