The Failures of Communism - Free Essay Example

Sample details Pages: 4 Words: 1198 Downloads: 6 Date added: 2019/03/18 Category Analytics Essay Level High school Tags: Failure Essay Did you like this example? Communism is a terrible ideology that prevents the deserved freedoms of those living under that countrys rule, leaving behind distressed civilians and a corrupt sovereignty. The word is originated from comun in the French language, meaning common, or community. Communism comes in different forms, whether it is just a mere social label or a pure following of certain degrees; however any form is mutually unhealthy. Don’t waste time! Our writers will create an original "The Failures of Communism" essay for you Create order The leading source of distress within a communistic state or nation is due to the belief that economic equality a valuable idea and is properly achieved through the abolishment of private properties. This would mean a man could be legally allowed to enter another mans house without his prior consent. That eliminates all consideration of privacy an individual may want. The elimination of private properties is one of many heavily established bits of the Communistic studies. This comes from the Communist Manifesto, written by Karl Marx and Frederick Engels in early 1848. In the Communist Manifesto text, authors Karl Marx and Frederick Engels both imply the means and goals of Communism. With what they wrote, they did not have quite an idea as to how much their book would affect the world. Creativity is valued amongst many people from all sorts of social rankings. This is not quite the case for a government based on the principals of Communism. Being a nation formed on the requirement of repeating your daily steps for your communistic model, needs all attention diverted on the forced economy. This repeated economical schedule demands nothing but absolute copies of everything, not allowing for a change in ones routine. A change in an individuals routine is considered at its core to be creativity, a symbol of humanly design. The model of Communism forces a symbol of automated design, set apart from human instinct and creativity. A cause of such forcible repeating within a nation is the direct limitation or dissolving of the rights to which a human should be entitled. In the Communist Manifesto, Karl Marx states ten different ways to oppress the people into redistributing everything they own. This would be considered a community share, which means you can take whatever yo u want from anybody and they are required to give everything they make to the community. When a man is forced to collect and give unwillingly, that is immediate oppression and a way of showing how that individual has no rights. With the never-ending policy fulfillments of Communism, the government ensures a good communistic figure is always placed into office. There is no room for anything to exist except for rotten, untainted corruption. The people often follow in this poor example, being corrupt themselves. An example of this would be briberies of any sort. If wanted, a parent could bribe their childs teacher into giving their student better grades. There is a social ladder for what is legal as well. While your average bureaucrats have a relatively low salary for work, it is legal for them to money from briberies, often involving a violent act of some sort as the leverage. All of corruption may be started by one corrupt individual. For example, in 1921, Romanias government had been overrun by Communism. This ruined the economy for Romania and the health of civilians. In 1965, the people of Romania had believed to rid the nation of its Communist ways, soon electing a new president into office. The presiden ts name was Nicolae Ceau?â„ ¢escu, who seemed to have brilliant ideas of running the country at first. This all turned out to be false however, as he oppressed the Romanians more than they had ever been. One day in 1989, the corrupt president and his wife were executed by the civilians in what was called the Romanian Revolution. Corruption under Communism leads to crime, which ends in death and destruction. In a Communist country, you need to always be careful about what you say; or it may cost you your life. In some cases, you may be told by a government official to spy on one of your friends and report back to the officer. If you lie to the officer in an attempt to save your friend, both parties may be killed by the acting officer. If you tell the truth as to what your friend or target is doing, your chances of living are much higher. To avoid making enemies is the best idea you can have, because your enemy could report you for falsefully saying you despise the government. There is no right to a lawyer or to try making a court appeal, the government is the court, and you are always guilty. Under communism, the state makes the rules. Unfortunately, every state follows the model for Communism, some states are worse than others though. This includes having no rights to any private property, no freedom of religion, or any religion for that matter, and many other humanly-restricting laws. This may seem like a God-awful situation any civilian may face, but what if a citizen was to somehow leave that county? It may seem like it would be the end of all issues as an individual, but it in all realization is a very difficult objective to carry out. Firstly, if you were to make it to the border or tell any of your friends about you leaving the country, an official may be listening and report you. Severe punishments or lifetime imprisonment would be the result of an attempted escape going awry. It can also be difficult to leave the country for there is always border patrol seeking to arrest anyone trying to leave. If you do however manage to escape to another country, the chances are that your neighboring country is a Communist nation as well. This is what made it so difficult to flee a Communist country during the Cold War in Eastern Europe, every neighboring country was under the same rule you were forced to endure. The Soviet Union in Russia was especially brutal for this idea this during the Cold War. The bureaucracy would often beat anyone to death that they believed was an attempting refugee, even without asking them questions many times. If you successfully escape to a non-communistic country and ever return home, you will most likely be killed or thrown in prison for life. For all of the provided reasons, Communism has been shown to have no valuable forms. Whether you may be facing anything above adversity, negative affects internally, not having a chance to express creativity, not having any rights, consistently viewing corruption in its raw form, and fearing for your life as your friends may turn their backs on you and foes may report you, the importance is found in seeing how negative of an affect Communism delivers. Everybody deserves freedom, yet not everybody earns them either. There is no way of earing freedom, we are just given it sometimes, and often take it for granted. Communism is a horrific ideology which limits the freedoms humans should have while under that nations reign. Communism has failed in Russia, Romania, and many other countries, which leaves behind certain unwanted aftermaths. Communism will always fail, because it never worked in the first place.

Bruce Honniball - 1613 Words

BRUCE HONIBALL’S INVENTION Principles of Corporate Finance 7th Edition Richard A. Brealey and Stewart C. Myers MEMORANDUM To: Bruce Honiball From: Sheila Cox Re: Gibb River Bank Equity-Linked Deposits Bruce, thank you for your memo. I think you may be onto a winner with the equity-linked deposits, though my calculations suggest that we can’t afford to be quite as generous as you propose. Spotting the option. Think of it this way. Whatever happens to Australian share prices, depositors under your scheme get back their initial investment of $A100 at the end of the year. If share prices rise by y percent, they also receive a bonus of .5y ( $A100. For example, if prices rise by 10 percent, the bonus†¦show more content†¦That would guarantee that we could also pay any bonus. We would then have a completely hedged, risk-free position. What if equity-linked deposits sell like hot cakes and it becomes difficult or expensive to buy sufficient call options on the index? There is another way to hedge our risks. Black and Scholes showed that a call option can be replicated by a mixture of delta shares and borrowing. In my example, delta works out at .6256. So to replicate one call, the bank would need to invest .6256 ( $A100 in the market index[3] and borrow $A50.28.[4] The net cost of replicating one call would be 62.56 - 50.28 = $A12.28. Of course, to replicate .3 calls, the bank would need to invest only .3 ( 62.56 = $A18.77 in the market index and borrow .3 ( 50.28 = $A15.09.[5] So, if necessary, we can hedge the equity-linked deposits by borrowing to buy the market.[6] As time passes and share prices change, we would need to adjust the amounts that the bank borrows and invests in the market index. Bear Market Deposits. I have also looked briefly at your idea of bear market deposits. Again it is useful to break the payoffs into a fixed payment and a bonus element. Suppose we stick with your suggestion to pay a bonus of $A5 for each 10 percent fall in the index. Then the payoffs from a bear market deposit are as follows: Share prices fall by y% Share prices rise Repayment of deposit $A100 $A100 Bonus .5y (Show MoreRelatedBruce Honniball1604 Words   |  7 PagesBRUCE HONIBALL’S INVENTION Principles of Corporate Finance 7th Edition Richard A. Brealey and Stewart C. Myers MEMORANDUM To: Bruce Honiball From: Sheila Cox Re: Gibb River Bank Equity-Linked Deposits Bruce, thank you for your memo. I think you may be onto a winner with the equity-linked deposits, though my calculations suggest that we can’t afford to be quite as generous as you propose. Spotting the option. Think of it this way. Whatever happens to Australian share prices

Competitive Strategy for Pharmaceutical Patent -myassignmenthelp

Question: Discuss about theCompetitive Strategy for Pharmaceutical Patent Analyst. Answer: Introduction Competitive advantage of a company is referred to the leverage it has over its competitors which is generated by offering better and greater value. In order to generate a competitive advantage, leaders focus on implement business policies that are based on strengths of the enterprise. While implementing business policies for generating a competitive advantage, leaders have to evaluate the environment in which the company or its products/services operations. Effective evaluation of the environment assists management in creating business policies that provide the company a competitive advantage. This essay will evaluate SWOT analysis, Porters Five Forces framework and PESTLE analysis based on pharmaceutical, tourism and agriculture industry respectively. This essay will focus on Wesfarmers Limited, Qantas Airways, and Australian Pharmaceuticals Industries. SWOT Analysis The SWOT analysis is a useful tool that assists in identifying strengths, weaknesses, opportunities, and threats of a particular company or its product/service. The model was originally developed in the 1960s, and it has remained unchanged in the strategic management field (Culp et al., 2016). This model helps managers in developing their business strategies by assessing different external and internal factors that affect organisational performance. The factors in an external environment include government legislation, social expectation, changing trends, and competition. In contrast, internal environment factors include organisational culture, human resource capabilities, effectiveness of policies and leadership talent (Roghanian, Ghorbani, and Alipour, 2018). The model is used by different managerial personnel in a corporation at various levels. For example, the board of directors and executive officers use SWOT framework while implementing future business strategies. On the other hand, low and medium level managers use SWOT analysis while taking small business decisions while performing daily tasks. An example of Australian Pharmaceuticals Industries (API) is used in order to implement SWOT analysis. The company operates in the pharmaceutical sector, and it is involved in manufacturing, distribution and retailing of pharmaceutical, health and beauty products. Its strengths include the largest wholesale distributor of pharmaceuticals in Australia, offered a broad range of services, many landmark products, niche player in the over-the-counter market, and good overall growth rate (Almarsson, Peterson and Zaworotko, 2012). Its weaknesses include Sigma takeover controversies, alleged accounting discrepancies, the industry is dominated by three key players, Sigma, Symbion Health and API and the company might lose focus from its main products if it branches into new markets. Its opportunities include scope in development of personal care area, divesting of pharmaceutical assets for focusing on core competencies, and growth in awareness about healthcare. Threats include reforms in pharm aceuticals pricing scheme, trade barriers might hurt profit margins of the firm and stringent rules against clinical tests. Porter Five Force Framework It is a valuable tool aiming to analyse the immediate competitive environment of a company. It is an industry analyses framework which considers specific forces that determine competition in a competition (The Economic Times, 2018). The influence of these five factors facilitates economic potential and competitiveness of a sector. Industries share same attributes and the five forces model assists in identifying investment attractiveness, the impact of underlying drivers and assessment of the profit potential of companies. The forces include the threat of entry, the threat of substitutes, the power of buyers, the power of suppliers and the competitive rivalry. The evaluation of these five essential factors assists in summarising the most important criteria to consider for analysing a specific industrys key drivers of success (Zhao et al., 2016). The top-level managerial personnel uses this model while entering a new sector or launching a new product in the market. An example of Qantas Airways is used in order to implement Porters five forces model. The corporation operates in travel and tourism industry, and it offers airline services to its customers. The company also enables its passengers to book tourism packages directly from its websites, and it is third most visited tourism websites in Australia. The bargaining power of buyers in the industry is high because a large number of local and international airlines operate in the industry and customers can easily switch between them without additional costs (Chen and Muzi, 2013). The bargaining power of suppliers is high because Boeing and Airbus are the primary aircraft manufacturer, and they can easily raise aircraft prices in the sector. The threat of substitutes is low because air travel is the fasters and more comfortable option than its alternatives such as bus, train, and car. The threat of new entry is lower because of high initial investment costs and strict governmental regulatory req uirements (Sarina and Wright, 2015). The rivalry among existing firms is substantially high because many low-cost airlines have entered the market which has reduced the profits of Qantas. The rivalry has also increased because of merger and acquisition in the industry. PESTLE Analysis A PESTLE analysis assists companies in analysing six of the key external factors that influence a business and decisions taken by the management. The external factors include political, economic, sociological, technological, legal and environmental. The model assesses the potential impact of these factors on a corporation. In this way, companies can prepare strategically for any future changes by being aware of the external market which provides them a competitive advantage (Fozer et al., 2017). The model enables organisations to determine the current role and status of the corporation in relation to its competitors and collected market information that assists management in creating future development strategies. The process of collecting important information that assists in the development of business strategies is called strategic audit, and a PESTLE analysis assists management in conducting strategic audit of the external environment of the corporation. This tool is used by seni or level managerial personnel to understand the current position of the company in the market and based on such information creating future strategies for sustaining the growth of the enterprise. An example of Wesfarmers Limited will be used for analysing PESTLE analysis. The company is a conglomerate which operates in different sectors such as retailing, agriculture, coal mining, chemicals, and others. This PESTLE analysis will focus on agriculture operations of Wesfarmers. Political stability and contribution of agriculture sector to 3 percent of the countrys economy is beneficial for the company (National Farmers Federation, 2017). The stable economy of Australia contributes to the growth of agriculture operations of Wesfarmers; however, the company faces higher wage costs than compared to other nations. The awareness regarding fresh and health food products is growing, and customers prefer to buy Australian grown products which are beneficial for Wesfarmers because its agriculture operations are situated in Australia. The company uses different modern technologies in its agriculture operations, for example, it has launched Decipher which is Google Earth Engine based comme rcial farming service which uses satellite images, processing power and geospatial data for providing in-depth vegetation analysis (Thompson, 2017). The corporation complies with Australian Agriculture policies in order to ensure that its food products are not hazardous for people, and they are manufactured without harmful fertilisers. The company has also implemented sustaining agriculture program in which it has collaborated with Carbon Trust Company which assist it in reducing its carbon emissions (Wesfarmers, 2018). In conclusion, different examples of companies from industries such as pharmaceuticals, tourism, and agriculture are discussed for understanding the role of strategy development tools such as PESTLE analysis, Porters five forces framework and SWOT analysis. Each tool enables management to evaluate external, internal or both factors which influence their business and the information collected by the tools allow the management to create strategic policies. Effective use of these tools assists companies in understanding current and future factors that affect their business and enable them to create strategic policies for sustaining their future growth. References Almarsson, ., Peterson, M.L. and Zaworotko, M. (2012) The A to Z of pharmaceutical cocrystals: a decade of fast-moving new science and patents.Pharmaceutical patent analyst,1(3), pp.313-327. Chen, Z.H. and Muzi, H.E. (2013) A Casebased Analytical Study on the Strategic Evaluation of Common Equity Performance of SIA in a Global Organic Environment.Journal of Contemporary Management,1(1). Culp III, K., Eastwood, C., Turner, S., Goodman, M. and Ricketts, K.G. (2016) Using a SWOT Analysis: Taking a Look at Your Organization [2016]. Community and Economic Development Publications, 3, p. 1. Fozer, D., Sziraky, F.Z., Racz, L., Nagy, T., Tarjani, A.J., Toth, A.J., Haaz, E., Benko, T. and Mizsey, P. (2017) Life cycle, PESTLE and Multi-Criteria Decision Analysis of CCS process alternatives.Journal of Cleaner Production,147, pp.75-85. National Farmers Federation. (2017) Farm Facts. [Online] National Farmers Federation. Available at: https://www.nff.org.au/farm-facts.html [Accessed on 17 April 2018]. Roghanian, E., Ghorbani, B. and Alipour, M. (2018) Application of intuitionistic fuzzy numbers in SWOT analysis.International Journal of Industrial and Systems Engineering,28(2), pp.152-165. Sarina, T. and Wright, C.F. (2015) Mutual gains or mutual losses? Organisational fragmentation and employment relations outcomes at Qantas Group.Journal of Industrial Relations,57(5), pp.686-706. The Economic Times. (2018) Definition of '5 Forces Analysis Of The Environment'. [Online] The Economic Times. Available at: https://economictimes.indiatimes.com/definition/5-forces-analysis-of-the-environment [Accessed on 17 April 2018]. Thompson, B. (2017) Wesfarmers goes high-tech in return to farming roots. [Online] Financial Review. Available at: https://www.afr.com/business/wesfarmers-goes-hightech-in-return-to-farming-roots-20171019-gz4bvr [Accessed on 17 April 2018]. Wesfarmers. (2018) Sustainable agriculture. [Online] Wesfarmers. Available at: https://sustainability.wesfarmers.com.au/our-principles/sourcing/suppliers/sustainable-agriculture/ [Accessed on 17 April 2018]. Zhao, Z.Y., Zuo, J., Wu, P.H., Yan, H. and Zillante, G. (2016) Competitiveness assessment of the biomass power generation industry in China: A five forces model study.Renewable Energy,89, pp.144-153.