ShantanuT01/DACTYL-Pretraining huggingface dataset:
Strategic Planning Current Performance and Mission The case study at hand covers a period of the company’s performance up to the beginning of 2013. In 2012, General Electric managed to increase its segment profits to $22.9 billion (by 11%), $17.8 billion of which were generated from its operating activities. GE also returned $12.4 billion to investors paying dividends and stock buybacks thereby increasing stakeholder returns by 21%. The market cap of the organization grew by more than $30 billion. Thus, having over $100 billion of revenue at the beginning of 2013, the company had become the hugest and most prosperous infrastructure organization globally. Table 1. Selected Financial Data. Table 2. Summary of Operating Segments. As far as the percentage of profit increase per business unit is concerned, it was distributed as follows (Hoffman 726-729):  1. Power and Water: The volume increased by 8%. Deflection effects were offset due to stronger dollar and lower prices.  2. Oil and Gas: 16% higher volume.  3. Energy Management: 68% growth owing to increased prices.  4. Aviation: 7% increase as a result of higher prices.  5. Healthcare: 4% due to increased productivity.  6. Transportation: 36% owing to higher prices and volume.  7. Home and Business Solutions: 31% increase due to the offset of higher prices as a result of inflation.  8. Capital: 12% growth owing to higher tax benefits and lower impairments. As for the mission, GE does not provide any official mission statements on its website. Yet, in the “about” section, one can read that the company employs the best people and uses the best technologies to meet the hardest challenges looking for solutions in finance, health and home, and transportation. Each website devoted to GE’s separate business units provides its mission statement (Hoffman 726-731):  1. Power & Water: The unit claims that all employees work in collaboration with customers trying to foster progress, predict the energy needs of the future, and power a cleaner world through the use of advanced generation and delivery technologies.  2. Oil & Gas: The unit positions itself as an unquestionable leader in advanced technologies in all industry segments and branches.  3. Energy Management: The unit emphasizes the implementation of global team solutions to transmit, manage, distribute, converse, and optimize electrical power.  4. Aviation: The unit claims to be the global leader in the production of jet engines of all sizes for both military and commercial aircraft as well as aircraft-derived engines for marine usage.  5. Healthcare: The unit provides medical technologies of the new age, including medical diagnostics, information technologies, patient monitoring systems, etc.  6. Transportation: The unit’s mission is to solve the toughest challenges in transportation across the globe by building equipment moving mining, marine, and rail industries.  7. Home & Business Solutions: The unit sees its go
Introduction Japanese attack to the Pearl Harbor made the USA government fight back. This consequently led to the Second World War. President Roosevelt criticized the attack the following day promising to protect his people. The USA was deliberately pout under attack by air forces and naval of the empire of Japan.” The Speech was enlisting to the Americans to support him in that declared war” As commander, in chief of the army and navy, I have directed that all measures be taken for self defense”. The attack mainly left the navy and military unstable. American history during world war two The Nazi under the leadership of Hitler is ready to kill all the Jews as witnessed in the atrocities against them. European countries especially America is ready to use its wealth and strong army to retreat. This strong deposit of wealth and material helps the citizens to remain calm since they have trust in their security. A journalist report reveals the Massacres of the Jews led by the one anti-Semitism Hitler. Variant Fry reports the increasing numbers of the Nazis in Germany who did no other than to persecute the Jews. A social journalist helped the Jews escape from France. This shows how he sympathizes with the Jews. The anti-Hitler joined hands to destroy this movement by the Nazis. It is believed, that the white European would not join in atrocities aimed at destroying other people’s lives. People describe them as heirs of the humanist tradition making it impossible for them to do anything dirty. The US government had confidence in their defense that they even ignored the threats coming from the Nazis. The result of this was a massacre that would be prevented earlier. The nuns were raped, forced prostitution in Belgium and many more atrocities due to the ignorance. This lead to change of mind since the Nazis had taken power. Everywhere the Jews were dealt with; from cafes to buses where their blood was flowing. A song was even composed. The same people in the 20th century would never allow such barbarism to take place in their view. The Nazis did not respect the holy places either and social ones too. This anti-social and unacceptable behavior even by the culture left over two million European Jews dead and over five million under Nazis control. They were starved, deported, poisoned, burned and machine gunned. The richness in material by the Nazis enabled them to execute these atrocities comfortably. This shows how richness in the material can be destructive to the social l
Introduction Capitalism refers to an economic system in which production is done by private entities who own the means of production. The central tenet of capitalism is that owning private property and pursuing self-interest is legitimate and morally justifiable (Ikeo and Kurz 46). It advocates for a free market economy in which the state has minimal interference. Capitalists believe that the role of the state should be restricted to protecting the rights of individuals. Private economic agents should be allowed to make their own decisions concerning investments, production, prices, and profits. Despite its dominance in the contemporary world, several scholars have always criticized capitalism due to its negative effects. This paper focuses on capitalism by presenting a discussion on how it was understood by different scholars. In particular, the paper will focus on the views of Adam Smith, Karl Marx, Andrew Ure, Andrew Carnegie, and Thorstein Veblen. Smith is considered the founding further of capitalism since his ideas on free trade replaced the concept of mercantilism, which was dominant during his time. He argued that wealth is created through labor. Individuals and the community obtain their necessities and make money by applying their labor in productive activities, thereby improving their standards of living (Medema and Samuels 93). According to Smith, free trade increases wealth since it creates more opportunities for the application of labor. Smith concurs with Karl Marx by asserting that the society cannot flourish if majority of its members are miserable and living in poverty. He believed that the laborers should enjoy part of their labor in order to improve their standards of living. In this regard, he advocated for the creation of a universal opulence that would benefit all members of the society by enhancing equity in the distribution of wealth (Medema and Samuels 97). This was to be achieved through a commercial system that would improve the lives of the poor by supplying all the necessities that an individual needed to live a descent life. According to Smith, the socio-economic condition of the masses can be improved by increasing production and the workforce. Unlike Marx, Smith believed that individuals should specialize in performing specific tasks in the production process in order to increase productivity. Contrary to Marx and Veblen’s views, Smith advocated for the pursuit of self-interest. He asserts that, the pursuit of self-interest in a free market system not only benefits the individual, but the entire community (Hunt and Lautzenheiser 213). Thus, he believed that the ideal social and economic order is one in which individuals are allowed to pursue their interests
Introduction SuperBowl XLV was an American football match between two champion teams in the American football league. It was played between Pittsburgh Steelers and Green Bay Parkers both champions of the 2010 season of the American football conference and National football conference respectively. The match took place on February 6, 2011, at cowboys’ stadium in Arlington, Texas. It was an exceedingly intriguing match that brought to the table economic impacts in the city by the big crowd who were in attendance. In this essay, I highlight the importance of SuperBowl XLV to the economy of the City of Texas. Economic Impacts According to Polzer (2011), revenue collection increased by an estimated $17.2 million earned from direct expenses like admission charges during the matches. An additional $ 9.7 million was collected from hospitality services provided within the city. The total revenue collected summed up to $.31.2million. According to the Texas Controller of Public Accounts, the amount of money collected from the community was enough to support the event. Hotels got a fair share since they got an opportunity to maximize their profits. A total of twenty-four thousand rooms had to be blocked to keep reservations in twelve areas around Dallas Texas just for the event. Food and drinks were also in high demand, a factor that resulted in increased sales for hotels and caterers. The corporate organizations did contribute to the business of the city. Information collected during that time reveals that close to twenty corporations were expected to make business meetings in the area prior to the game. The meetings were intended at sourcing for potential business opportunities in the city. The possibility of long-term ventures from such meetings is real, and it creates employment and business opportunities. Promotion of tourism was evident through the gloaming numbers of visitors touring the city. Close to six hundred private jets landed in different airstrips in the city and its surroundings. This increased the landing and docking fees along with fuel sales. Moreover, in future an additional 147,000 people per year are projected to be coming to the area as a result of the tremendous exposure it received. These people will use the facilities and services available in Texas City and further boost revenues. The fact that both teams were not from Texas was an advantage because there were many number of fans from outside the region coming to cheer their teams. Communication is a vital tool in any region (Rescininti, 2000). To host such a large number of people, telecommunication industries have to upgrade their services and infrastructure. When the games are over, the benefits remain in the region. During such events, locals also get jobs as translators. Language differences between locals an
Need to analyze organizational culture of Apple corporation? Use this case study to get inspired! It focuses on Apple company culture, leadership, and the system of decision making. Introduction Apple Inc is an American corporation that produces electronics, software, and many other online solutions. Steve Jobs and Steve Wozniak founded this company in 1976 as a small company specializing in software products. This company has experienced massive growth over the years to become one of the leading electronic companies in the global market. Its dedicated team of managers, strategists, and employees saw its brand ranked the best in the world in the year 2010 and 2011. The sales volume at this firm has been very impressive, especially because of its unique capacity to bring new innovative products to the market. The management of this firm has been keen on tapping special skills of its employees to the advantage of the entire firm. In this study, the researcher seeks to analyze the structure, culture, leadership, human nature, decision-making, and employees’ goals and objectives. Apple Organizational Structure According to Lüsted (2012), organizational structure defines the manner in which an organization is governed. At Apple Inc, the organizational structure is designed into three levels of top management unit. The figure below helps in defining the organizational structure at Apple Inc. Figure 1: Apple’s Organizational Structure. Source (O’Grady, 2009) At the top management level of this firm is the board of directors who are responsible for all the strategic decision making processes. The chairperson and all other board membe
Introduction Globalization and technological growth have significantly altered the competitiveness of modern businesses. Besides, modern businesses have inclined towards knowledge- based systems, thus, the employees have been pointed out as the key contributors of competitive advantage that most businesses appreciate presently. Most advanced economies have asserted that, the principles and practices of Human Resource Management, HRM, have taken a center stage in affirming the long-term benefits of businesses in attaining the competitive advantage (Harzing and Ruysseveldt, 2004). The Human Resource Management practices have not only been part of developed economies, developing economies such as Indonesia has widely embraced the contemporary practices of the same across its major business entities. According to Analoui, HRM entails principles and practices that influences people or human resources who work for a given organization (1998). Indonesia current economy has achieved significant developments in its Foreign Direct Investment as a result of the entry of multinational companies in its various sectors of the economy. Thus, the strategic HRM structures have become a necessity for these businesses in sustaining its growth (Analoui, 1998). This, illustrate that a business has to have a sound Human Resource Management strategy which can address the issues of recruitment and selection, employee training and development, performance management strategies and reward schemes among other important aspects practices of an organization. According to Dash (2007) the importance of Human Resource Management prac
Introduction In the way of regarding situations of America’s battle on drugs, marijuana is one of the main enemies. Subsequently, alcohol and tobacco, two dangerous substances, are legal which raises the question of why marijuana is against the law. The truth that marijuana is illegal and prohibited is suitably caused by the number of funds invested in the war against drugs. However, the government cannot retrace her course at the moment. However, to provide evidence for this cause, the disparity connecting illegal and legal materials (more so alcohol and marijuana) must be gotten rid of. Some of the ill consequences are direct and some change the manner of acting and motor acquired ability of the drinker, helping them perform duties they would not frequently do. Consequently, the main consequences come as a result of heavy drinkings, like “a mental state characterized by a pessimistic sense of meagreness and a despondent lack of activity is commonly diagnosed in alcoholics” (Rittenhouse 140). Marijuana, in as much as it is declared illegal, is a little out of place. The source earlier cited noted that “Even though it is classified as a schedule drug for authoritarian reasons, it is obviously different with regard to pharmacology from the narcotic anodynes” (Rittenhouse 151). Recently an intense debate arose on the medicinal worth of marijuana. Whether there is a distinct use for marijuana is uncertain, but there is indisputably no such debate about alcohol. Consequently, the financial plan does not make divisions between combating marijuana and combating cocaine and heroin. This clearly shows that marijuana covers five percent of the financial plan of drug prevention allocations. This is far much below the actual percentage. In the war on drugs, the act of investment that the government is aware of is its arrogance. A combined attempt to inform the American public that Marijuana is not good for the taxpayers was made by the government. Moreover, it would be an absurd circumstance for the government to believe or accept without questioning or challenging its pride if marijuana was to be legalized. It is not merely the sum of money committed to ensuring observance of or obedience to anti-marijuana laws or the jobs that add up on marijuana being legal. Moreover, the conceit with which the American government acquires in combating the hypothetic immoralities of marijuana. Nevertheless, the government, as the major financier, is to a certain extent in an exceptional position. They possess almost total rule over the resolution of the legalization. It is not logical for the government to push away so many people and so much money, except when they had to politically. The war on drugs was carried on by the government for the reason that the existing circumstances with marijuana appear to be outstandingly marked by correspondence or resemblance to that of the Vietnam War. Due to the government’s overconfident position against communism, Vietnam was made longer spatially for many more years than it had to be. An explanation of the menace of a likely nuclear war, writers George Kahin and
Management and business go hand in hand. To succeed in the modern era of economic challenges and competition, managers must also be leaders, and constantly seek to better themselves and others around them. To improve, they need to borrow not only from their own experience and knowledge but also from the knowledge of others. Jack Welch, the author of the book called “Winning,” is one such manager. He has a lifetime of experience, having worked in General Electric (GE) for more than 40 years. His book earned praise from many famous and authoritative publishers, such as Fortune and Businessweek. Warren Buffet, a famous investor, even stated that no other book on management would ever be needed. This paper will test that claim by identifying and offering a critical analysis of the main arguments and ideas proposed by the author. The key idea that justifies the creation of this book, according to Welch, is winning. He describes winning and success as a key driving factor behind a healthy economy, as successful companies create new jobs, pay taxes to the government, donate to charity, and improve the locality around them. Losing companies, on the other hand, are sources of stress. People are afraid to lose their jobs, incomes are low, the quality of service plummets, and everything goes down the drain. However, the concept of winning in business is very complex and multi-faceted, so there is not just one key argument to this book – Welch offers a lot of arguments and thoughts backed up by his own experience, to make a point. The author does not offer a succinct formula to success. Rather, the book is a set of guidelines, rules, assumptions, common mistakes, good signs, and warning signals. In his book, Welch covers everything that involves the management process. Although the book is aimed at managers and business people, some of the lessons are universal. The book is comprised Out of 5 sections, each dedicated to a particular area in management. These sections are: – Underneath it, All – this section deals with management concepts and theory. – Your Company – describes the main mechanisms of HR management, Change management, and Crisis management. – Your Competition – is dedicated to marketing strategy, budgeting, and growth – Your Career – addresses the issues of personal satisfaction, career growth, and work-life balance – Tying up Loose Ends – a section for questions that did not fit either category. The author’s main arguments and ideas are evenly spread around these sections. To see how they support the book’s idea of succeeding in a business environment, it is required to single out the main takeaways from the rest of the text. Welch begins with a statement of company mission and values. He emphasizes this to be of paramount importance, as it is the plan of winni
The presented business venture is UnblockAfrica presupposing providing people in the area with access to the Internet and banking services. Several reasons explain the relevance of the given proposal, its beneficial nature, and the necessity to support the project’s evolution by investing in it. First, the UnblockAfrica project focuses on the fast-developing and attractive industry that continues to evolve and becomes a potent tool used by companies and millions of people globally. For this reason, the fintech industry is highly attractive for investors as companies operating in the given sector are capable of generating a high and stable income. Investing in UnblockAfrica, it is possible to become one of the shareholders and count for increased revenue and acquiring solid costs. Under these conditions, the first advantage of the project is its belonging to the promising and fast-evolving sector. Second, the targeted market in South Africa can also be viewed as a highly beneficial environment. At the moment, about 20%-32% of people living in the area do not have a bank account. It is also linked to the fact that there is no developed banking infrastructure. At the same time, 52% of the population have access to the Internet, and they can use their phones to visit various websites. Under these conditions, there is a large market segment that can be influenced by the project. Being among the first companies to offer fintech services to clients in South Africa, it is possible to acquire stable positions, create a reliable brand name, and attract multiple clients in the future. In such a way, the current state of the market in the area can be viewed as favorable. Finally, the target audience also has a stable and high demand for the given services. The number of potential users is about 6.1 million, which is high enough to guarantee the desired income during the first phases of the project’s functioning and create the basis for future evolution. The tendency towards the growth in the level of salaries and the improvement of individuals’ well-being also means that online banking services can be popular among the citizens of South Africa, and they will be ready to use new applications to manage their finances. Thus, the planned level of clients’ loos is low due to the advantages linked with using the service and its ability to meet the current clients’ needs. For this reason, the given three factors justify the relevance of the project and its beneficial nature. Analyzing the project in terms of the commercial value, it is also possible to emphasize its advantageous character. The broad market with the undeveloped fintech sector offers multiple opportunities for generating additional value. Moreover, the large number of potential clients can also increase inc