Whats a Conglomerate (+ Case Studies)

Whats a Conglomerate (+ Case Studies) A conglomerate is a company which is made up of several or many other smaller companies.The conglomerate is referred to as the parent company while the constituent companies are called subsidiaries.These companies don’t start as conglomerates. They often begin as any other business with the owner being the normal entrepreneur.Anyone therefore can be the president or chairman of a large conglomerate.It’s also important to note that the subsidiaries are often companies in different industries from the parent company.And with more growth, the parent company may also have foreign companies as part of it. This is how many conglomerates become multi-national companies.The parent company is the one responsible for the running of the whole network. Still, every subsidiary runs its operations by itself. All the same, they all report to the management of the parent company.This means that the structure of a subsidiary may change, especially at the top, once it becomes part of the conglomer ate.How does a company become a conglomerate?Every big company starts small. It is through sustained growth that the size increases.If you are looking to own a multinational company, do not be set back by the challenges. You should also not be discouraged by the small beginnings.Companies become conglomerates when they start acquiring other companies. It may start as a way of boosting their sales outside their immediate industry.It may also be a way of expanding to other industries to cushion themselves from the risks involved in operating in a single industry.This is what is called diversification.Companies which grow very fast get to a point of reduced growth, even though they still want to grow. To sustain the growth and increase it, they can use any legal means to expand.One common way is by going outside their immediate industry.To become a conglomerate, one option is to buy out another company.Another way of going about it is by acquiring the controlling stake in a smaller com pany.With the controlling stake, you essentially become the decision-maker.This   new business automatically becomes part of your empire.There are some companies which are increasing by acquiring other smaller ones. In some cases, the big companies buy smaller ones which have something that interests the bigger ones.A good example of this is the conglomerates in the digital world.The Facebook ConglomerateFacebook was started by Mark Zuckerberg and his fellow co-founders as a social media company. It grew well and   became very large.To date, it is the biggest social media platform both in the number of active users as well as in revenue. Source: Statista.comBut Facebook has not been operating solely as the social media company it was originally designed to be.With increased competition and demand for more features from its users, there was need for changes.First, there was the FriendFeed acquisition. This was a real-time feed aggregator. The cost of the acquisition remained private.One thing which was however obvious, is that Facebook had made a good deal. It was getting the team from FriendFeed, which was previously working at Google.Then in April 2012, it bought Instagram for $1 billion. The company has made several acquisitions including WhatsApp. Of these, one that was quite different from it was the Oculus VR acquisition in March 2014.Oculus, a virtual reality company, didn’t seem related to social media in any way.Not only is Facebook diversifying under its own umbrella but increasing the revenue channels.ADVANTAGES OF CONGLOMERATESConglomerates offer many benefits to their owners. If this wasn’t the case, there wouldn’t be many taking that route.But as it is evident, this is a sure winner when it comes to business strategy.All you need is money. If you have the money to buy other companies, go ahead and do it.To know the benefits, here are some advantages of running a conglomerate.Increased RevenuesThis is the most obvious benefit of going the conglomerate way.As the parent company, there is no denying that you get a share of the subsidiaries coming your way.Depending on the size of your stake in the subsidiary, the extra income could be big enough to jump-start a dying company.If company A is a conglomerate making $1 billion a year, acquiring the controlling stake in company B which makes $1 million per year is a direct boost in revenue.Essentially, A can be said to be making $1.1 billion in annual revenues after the acquisition. With increased revenues, there is a lot that can be done. This gives company A more financial muscles to expand some more.If there was a competitor threa tening it, then the playing field could quickly be leveled.This puts A into the right position to not only stand against its competition but also fight them.Increased revenues can help increase innovation, improve service delivery and other business aspects which can put A squarely at the top.Reduced Investment RiskBeing in business is an investment. If you are an entrepreneur, you know this very well. You have invested your money, skills, knowledge, passion and most importantly, your time.Being an investment, your business is a risk. To start the business, you risked. To keep running it, you are risking.The bigger it grows, you are risking a big fall. Risks are written all over the walls of your business.One way of minimizing the risk is by diversifying. It is the wisdom which comes from the saying that you should never put all your eggs in one basket.You can bet that the basket can fall and all the eggs in it break.This can be disastrous since broken eggs cannot be repaired.When y ou diversify your business offerings, you mitigate this risk.It is like putting your eggs into three different baskets and having them carried by three different people.As all three walk towards the same destination, the chances of safe arrival of your eggs are increased.What gives conglomerates the edge is that they diversify outside their industry.In comparison, businesses like brick-and-mortar stores expand by opening new outlets in different locations.Though this is also beneficial, it does not give them a soft landing similar to that enjoyed by conglomerates.Subsidiaries Benefit from Internal Capital MarketsThe smaller business also benefit from being taken over by a larger company.Like in the Facebook and Instagram example, Instagram has experienced massive growth after the acquisition.Take a look at the graph below showing the monthly active users since Facebook purchased it. Source: Statista.comThis has been occasioned by the availability of a more experienced human resource helping them become better.Also, the investment done by Facebook provides a great opportunity and motivation to learn and improve.Still, there is a bigger benefit available for the subsidiaries.Money is always a necessity in business.After an acquisition by a large company, money becomes readily available. In conglomerate terms, this is known as an internal capital market.With internal capital markets, money is made available within the company for those who need it. Like a good human parent, the parent company financially supports the subsidiaries.This works like the public financial markets where there are investors looking for a company to invest in.Just as professional investors do, the parent company can pump money into the subsidiary which is struggling.This way, the struggling company is able to access the necessary funds without the danger of extra cost. In this arrangement, there are no expensive interests to be paid.There is therefore enough peace of mind as the money is being put to use since there is no external pressure.DISADVANTAGES OF CONGLOMERATESAnything which has an advantage also has a disadvantage.With the above advantages indicating the good of the conglomerate business, here are some cons of the same.Decrease in Conglomerate Stock ValueAs the overall business grows, its stock value decreases.This is because of the nature of the business model employed by conglomerates.The stock value of the individual companies adds up to a value that is higher compared to what the parent company‘s stock value is.This is the result of how the management of the conglomerate handle financial matters.As a business, there are values which are usually withheld from the public.This is to avoid a situation where the competitor has insight about the workings of the subsidiaries.At the same time, investors who want to diversify their own portfolio prefer a direct approach rather than arrangement.Instead of investing in a conglomerate which has diversified its business, they want to control their own diversification.In this case, the investor will do his homework and decide which of the subsidiaries are worth investing in.But investing in the conglomerate itself would rarely be an option.This dislike of the parent’s stock by investors is what affects its prices.Potential Difficulty and Inefficiency in ManagementThis happens as a result of too much diversification.With more companies joining the family and from different industries, the management is stretched thin.This becomes a bigger problem when the management is not well familiar with the industry the subsidiary operates in.This makes it difficult for the management to make good decisions to guide the subsidiaries. They largely have to depend on the management skills and industry knowledge of the subsidiary manager.This makes the job of the top managers very difficult.To minimize this, the top managers can undergo training on the new industry being represented in the network.This means extra effort and more time spent familiarizing yourself with the industry instead of running the main business. Increased Management OverheadBusiness expansion for conglomerates has no end in sight; and it’s not coming any time soon.The subsidiary has its own management. The people holding management positions make decisions which are best for the company. But at the same time, they are reporting to the management of the parent company.For the conglomerate’s management, this is an indirect way of managing the subsidiaries. It is just like management by proxy.This creates a business overhead because there are multiple layers of management.These don’t necessarily add any value to the smaller company.Difficulty in Knowing the Subsidiaries’ PerformanceThe conglomerate often reports its performance as a group.The combination of the financial performance of all the subsidiaries w ith the parent company does not normally reflect the true picture of the situation.With such a report, it becomes very difficult to know how well the individual companies are performing. Obviously, they cannot be all at the same level of profitability.Often there are those which will not be financially stable.This will rarely be disclosed. It is sensitive data reserved for the management. The internal arrangements like the internal capital markets can be used to improve any business not doing well.But the problem is that this can discourage potential investors from putting their money into such companies. Investors, analysts and regulators often find it difficult to know the performance of individual companies.Although potential investors can get discouraged, current investors may suffer loss too.They are also quite in the dark in regards to the financial status of the companies they have invested in.As a result, they will not know when to sell their shares or hold onto them.This ki nd of uncertainty is not preferred by any investor.CASE STUDIESTo fully understand how conglomerates form and do business, let’s look at two conglomerate examples. These are big and well-known companies.In the course of their lives, they have engaged different strategies and managed to remain standing strong to this day.Colgate-PalmoliveThis company was started in 1806 by William Colgate who was a soap and candle maker. The company was initially called William Colgate Company.After his death in 1857, his son took over and changed the name to Colgate Company.In 1896, they sold the first toothpaste in a tube. During this time, another company was developing. B.J. Johnson Company was making soaps out of palm and olive oils.The soap’s popularity made the company rename to “Palmolive.” Palmolive here stands for the oils, palm and olive.Colgate was later bought by Palmolive. Later, the joint company became Colgate-Palmolive.Operating many brands in the household, personal care p roducts, food products, health care, industrial supplies and other sectors, here are some colgate acquisitions.In 1976, Colgate bought Riviana for about $180 million. This put Colgate into the foods industry.In 1987, it bought Softsoap for $40 million and 528,735 shares of Colgate common stock. The individual brands in the deal (Softsoap, Village Bath Products and the Sesame Street brands) were reported to have a value of around $65 million.After the acquisition of the Mennen Company in 1992, the “Total” toothpaste is introduced overseas. This acquisition was valued at $670 million. This was for personal care products.Colgate bought Suavitel to venture into fabric softening products.According to Colgate’s 2018 annual report, they had $15.5 billion worth of worldwide net sales.Proctor GambleFounded in 1837 by William Procter and James Gamble,  Procter Gamble is a big company. Its products are divided into segments which include beauty, health care, fabric home care and Baby, Feminine Family Care.By August 2014, PG had a total of 165 brands.Of these, 65 were the fastest-growing in the company’s portfolio. As a result, 100 brands were being dropped or sold off to focus on the profitable ones.Here are some of the notable acquisitions by PG.1930 saw PG go international. It acquired Thomas Hedley Co, a British candle and soap manufacturing company.In 1957, it bought Charmin, a toilet paper and flushable wipes brand.It bought Norwich-Eaton Pharmaceuticals Company in 1982 for $371 million in cash. At this point in time, its annual revenues were $11 billion.3 years later, it bought Richardson-Vicks Inc. which had previously been targeted by Unilever N.V. for a takeover. The merger cost $1.2 billion.The CoverGirl brand became part of PG after the purchase of Noxell Corp in 1989. The deal was worth $1.3 billion.2010 saw the acquisition of Ambi Pur, an air freshener business unit of Sara Lee Corp. The cost of this purchase was $470 million.PG’s unaudited 201 8 annual report shows net sales of $66.8 billion. It is also worth noting that the dividends per common share have been increasing through the years.CONCLUSIONConglomerates may not be what many companies rush to become but it certainly is in the minds of many business owners.Apart from the joy of having a big business spanning different industries and countries, there is also the diversification factor.Diversifying a business is a necessity.The risks involved in settling in only one industry are huge.When you diversify, you get to secure your investments across multiple business environments.These come in the form of different geographical locations and business industries.

The Great Gatsby By F. Scott Fitzgerald - 1379 Words

In The Great Gatsby, F. Scott Fitzgerald presents a plausible image of America’s economy during the 1920’s. The country was in the middle of a post-war economic boom. There was unprecedented growth and a rapid increase in the wealth of the richest Americans (Smiley 1). As it follows the excessive lives of wealthy individuals, the novel highlights the negative effects of an unregulated capitalist economy. Fitzgerald portrays the inequality and unnecessary material extravagance that was caused by faulty economic policy. In his novel, he displays his criticism of capitalism and American society during the roaring twenties. The Great Gatsby is especially critical of the economic divide between the rich and poor. Throughout the novel, the lavish lifestyle of the super-wealthy and the terrible conditions of the poor are magnified.The apathetic rich are having the time of their lives. Jay Gatsby’s parties are given a grand description: â€Å"The bar is in full swing, and floating rounds of cocktails permeate the garden outside, until the air is alive with chatter and laughter, and casual innuendo and introductions forgotten on the spot, and enthusiastic meetings between women who never knew each other s names† (Fitzgerald 44). This exciting and worry-free life is just minutes away from the poverty and hopelessness of the valley of ashes, where men â€Å"move dimly and already crumbling through the powdery air† (27). In this area, the novel is consistent with historical fact from the timeShow MoreRelatedThe Great Gatsby by F. Scott Fitzgerald1393 Words   |  6 PagesF. Scott Fitzgeral d was the model of the American image in the nineteen twenties. He had wealth, fame, a beautiful wife, and an adorable daughter; all seemed perfect. 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Dana Made Margaret Feel Inferior - 1049 Words

Dana made Margaret feel inferior. Linda went through a seven year concealment in her grandmother’s attic, where she manufactured her escape. She wouldn’t submit herself to Dr. Flint so she thought that if she slept with the neighbor Mr. Sands, who happens to be the father of her children Dr. Flint would sell her in disgust. Which he obviously didn’t, he made propositions that made Linda want to runaway even more. Linda wanted her children to have a good life and be free. This is what she thought until after Mr. Sands runs for congress and got married. â€Å"He had not emancipated my children and if he should die they would be at the mercy of his heirs.† (Jacobs, 105) Linda made sure that Ellen, her daughter was sent to New York for a better life and her son Benny would follow after. Which he did, but Linda was in for a surprise when she saw Ellen uneducated, like Mr. Sands promised to her. Linda ended up have to teach Ellen herself. Dana knew that she could always go home, only if she was in danger. If Dana wanted to go home for good, she would have to kill Rufus. â€Å"Then he brought up the fist of his free hand to punch me once, and again as the patroller had done so long ago. I pulled the knife free of him somehow, raised it, and brought it down again into his back.† (Butler 260). No matter what happens if she goes home, Rufus will always call her back to 1819. Dana was always free, but she was â€Å"free† limitedly her work wasn’t like other slaves. When she found out her purpose inShow MoreRelatedIn The 1979 Novel, Kindred, Octavia E. Butler Writes Of1924 Words   |  8 Pagesof an African American woman who is called by her ancestor Rufus Weylin, who is the son of a plantation owner, to not only keep him alive, but also to ensure that her (what would be several times) grandmother is born. Though the novel is told from Dana s (the main character) point of view, there are several insta nces where the reader is given a glimpse into the background of other characters lives, which helps the reader to gain a new perspective. In Kindred, perspective is key to understandingRead MoreEssay about Women in Law Enforcement3546 Words   |  15 Pagestime when women were not supposed to work outside of the home. As time progressed into the 20th century, women were granted the authority to actually become sworn officers and work along with male peers. In 1968, the Indianapolis Police Department made history by assigning the first two female officers to patrol on an equal basis with their male colleagues. Since that time, women have entered the field of law enforcement in increasing numbers and played a critical role in the development of modernRead MoreStrategic Human Resource Management View.Pdf Uploaded Successfully133347 Words   |  534 Pagespromise of very long-term employment security would be the wrong one to expect employers to make. But employability securityâ€⠀the knowledge that today’s work will enhance the person’s value in terms of future opportunities—that is a promise that can be made and kept. Employability security comes from the chance to accumulate human capital— skills and reputation—that can be invested in new opportunities as they arise.22 Page 16 STRATEGIC HUMAN RESOURCE MANAGEMENT Section One Bruce Ellig, theRead MoreCrossing the Chasm76808 Words   |  308 Pagesadaptation and renewal, not only in times of difficulty but on the heels of our greatest successes as well. Which of us would not prefer a little more time to savor that success, to reap a little longer what we cannot help x Foreword xi but feel are our just rewards? It is only natural to cling to the past when the past represents so much of what we have strived to achieve. This is the key to Crossing the Chasm. The chasm represents the gulf between two distinct marketplaces for technologyRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesOral History and Public Memories Tiffany Ruby Patterson, Zora Neale Hurston and a History of Southern Life Lisa M. Fine, The Story of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture in Recent America Joanne Meyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Gerda LernerRead MoreProject Managment Case Studies214937 Words   |  860 Pagesthe best way to learn project management. Case studies allow the students to apply the knowledge learned in lectures. Case studies require that the students investigate what went right in the case, what went wrong, and what recommendations should be made to prevent these problems from reoccurring in the future. The use of cases studies is applicable both to undergraduate and graduate level project management courses, as well as to training programs in preparation to pass the exam to become a Certified

The Bizarre Secret of Personal Expressive Essay Topics

The Bizarre Secret of Personal Expressive Essay Topics Each paper has its precise intent. Also there's an alternate solution out there. The same type of concept applies to the social class and social condition of the individual. Perhaps it's time to rethink the internet application revolution. The 30-Second Trick for Personal Expressive Essay Topics Deciding upon a topic for an Expressive essay should be somewhat simple, if it's broken down into an approach. An essay is a fairly brief bit of writing on a specific topic. In some cases, it is also known as composition if one is writing a piece of literary article. Expressive essays unlike other sorts of essays have to have a rough draft that needs to be put off for a number of days before re-reading and re-writing it. Advisabale Custom Writing is a great essay writing service. It is excruciatingly hard to do. Editing and rewriting are still a crucial part of the procedure, and formatting is valuable to the total feel too. It isn't simple to turn into successful and hardly anyone is genuinely successful but it's a noble aim to strive for. Each portion of your mind that's concerned with these kinds of things will make its wants known, and endeavor to distract you. If everyone does something a particular way, then that might be optimal for social scenarios. Today, it's one of the most overlooked ways to handle the emotional stresses of our lives. Although it may be tempting to show off all your shiny accolades here, you ought not attempt to include everything you possibly can. The simplest way is easily the most efficient way. There's no greater approach to do so than to write. Culture is a means once and for all. Ideas change the Earth, particularly when they're written. Individuals that are really expressive. Every action we take is a kind of expression. It's difficult to know what deserves our focus and what things to tune out. Among the oldest techniques linked with emotion tracking is journaling. It's necessary for you to be exposed to all genres of writing so that you receive a superior sense of all varieties of grammar. You can pick out a particular story for your undertaking. It's totally free to imagine and make novels. Essay genre has gotten widely utilised in latest decades. Top Personal Expressive Essay Topics Choices A whole lot of people also understand what's happening in my life at the moment, because of what I post on social networking. Therefore, short descriptions of the principal ones will be supplied below. Now, there are several places where people are able to share and exchange ideas. If, for example, the quieter person can take a while to settle themselves then they may be in a position to re-enter interaction with the more expressive individual. You don't need to be concerned about the caliber of the essay as it'll be 100% unique rather than only snatched on the web. The easiest method is to select the most interesting one first, and make a brief outline of information. The sort of experience doesn't really matter, so if well-written a bad or a fantastic experience may give your paper a top grade. Whatever the situation, the value in every piece was completely different. Your post should have a goal. You are going to have the chance to present the reader with new and exciting info. It is possible to combine many images that collectively tell a comprehensive story. Picasso's work is broken up into periods. Don't utilize widely used terms whenever you may. Reading psycholinguistic studies sounds to be an exciting way to devote your time! Although two students may attend class daily together for numerous decades, there is a clear likelihood they may know practically nothing about one another. The Personal Expressive Essay Topics Trap Expressive essays don't have some particular structure, yet it's advisable to stick to the five paragraph structure. Narratives are geared toward telling about yourself. Labels are faux comprehension.

Entrepreneurship in IT for Social Media -myassignmenthelp.com

Question: Write about the Entrepreneurship in IT for Social Media Advertisement. Answer: This product is an application that has been developed for students of Australia. Students can post their queries regarding their various subjects and find appropriate answers. Therefore, this is a portal where students can share their idea and post their question from different fields. Therefore, the product can be launched on the Google with proper censorship (Viio Nordin, 2015). This helps in registering portal on the Google. The developer might put an easy AdWords for application (Wang Shaver, 2016). This helps in increasing traffic on application and more and more students can post their ideas and questions in portal. The product has good criteria and message for users in the Australia. The developer have to follow steps including in product launch by visualizing concept of application. The developer have to target students and advertise application overInternet. The social media advertisement might play an important role in launching product over Internet (Guinot Evans Badar, 2016). This helps in gaining attention of a large number of students at a time. The increase in traffic of the students helps in gaining popularity of application over market. The requirement of feedbacks is necessary for developer regarding services provided by application. The student can update and post their question of any field in portal and are acknowledged with appropriate answers. After launching of product, the investment on product is important to make it more efficient. The investment on product can be done by any investment fund company or educational institution including universities (Bhargava, 2014). The developer can reach to different universities and present the product in front of them. The developer have to convince them with helps of making them understood about benefits and features of project. The product has good criteria and message for the users in the Australia. The developer have to follow steps including in product launch by visualizing the concept of application. The developer have to target students and advertise application over Internet. The social media advertisement might play an important role in launching the product over Internet. The benefits of product requires being practical. The social media advertisement might play an important role in launching product over Internet. The benefits of the product to respective universities ne eds to be transferred clearly (Roberts, Hughes Candi, 2017). How the product will help students of university needs to be cleared to officials of university. The developer have to follow steps including in product launch by visualizing concept of the application This helps in creating trust factor with them and they might invest in application for making it more efficient. A both way communication between the developer and university channelizes ideas of developer to officials of university (Randhawa et al., 2017). Therefore, a proper presentation of product in front of them helps in convincing them to invest product for betterment of their students in university. The product has good criteria and message for users in the Australia. The developer have to target students and advertise application over Internet. References Bhargava, H. K. (2014). Platform technologies and network goods: insights on product launch and management.Information Technology and Management,15(3), 199-209. Guinot, J., Evans, D., Badar, M. A. (2016). Cost of quality consideration following product launch in a present worth assessment.International Journal of Quality Reliability Management,33(3), 399-413. Randhawa, P., Kirca, A. H., Talay, M. B., Akdeniz, M. B. (2017). Interactive Effects of Product and Brand Portfolios on Firm Value. InCreating Marketing Magic and Innovative Future Marketing Trends(pp. 95-98). Springer, Cham. Roberts, D., Hughes, M., Candi, M. (2017). Leveraging social network sites for new product launch. Viio, P., Nordin, F. (2015). When does implementation of relationship orientation in new product launch matter?.Industrial Marketing Management,45, 47-48. Wang, R. D., Shaver, J. M. (2016, January). Responding to Competition: Repositioning and New Product Launch. InAcademy of Management Proceedings(Vol. 2016, No. 1, p. 16414). Academy of Management.

Arbitration and Conciliation (amendment )Act 2015 Essays

Arbitration and Conciliation (amendment )Act 2015 Essays Arbitration and Conciliation (amendment)Act 2015 Key Provisions of Bill Mandatory for arbitrators to settle disputes within 12 months. This period can be extended by 6 months only by a court on sufficient cause. Cut the fees of arbitrators if the court finds that the delay has been caused due to arbitrators. Rewarding arbitrators with extra fees in case the matter is disposed of within 6 months and the parties agree to pay more. Empower arbitration tribunals to grant all kinds of interim measures that courts provide. Thus giving more teeth to them in order to make tribunals directives enforceable in the same manner as those of courts. KEY AMENDMENTS: The Amendment Act has introduced some major changes in the principal Act. A brief summary of the following key amendments for quick reference: Amendment to definition of the term Court in Section 2(e): Definition of the term Court is amended to provide that certain provisions of Part I of the Act such as interim relief (section 9), court assistance in taking evidence (section 27) and appeal to interim relief order under section 9 (section 37) shall also apply to International Commercial Arbitration, even if the place of arbitration is outside India, subject to an agreement to the contrary between the parties to the dispute. In case of International Commercial Arbitration, the High Court shall be the court for reliefs under the Act. Amendment to Section 7: An Arbitration agreement contained in the form of communication through electronic means shall also be treated as an arbitration agreement in writing Amendment to Section 8: Unless the judicial authority finds that prima facie no valid arbitration agreement exists, said judicial authority shall refer to the parties to the Arbitration on the action brought by party to arbitration agreement or person claiming through or under him. If the party applying for reference to arbitration has not having original or certified copy of arbitration agreement between them but the said copy is retained by other party then such party can make application to the Court to call upon other party to produce original or certified true of the arbitration agreement before that court. Amendment to Section 9: Where the Court passes an order for any interim measure under sub-section (1) of Section 9 before the commencement of arbitral proceedings, the arbitral proceedings shall be commenced within a period of ninety days from the date of such order. It further provides that once the arbitral tribunal is constituted, the Court shall not entertain an application for interim measure unless it finds circumstances that may render the remedy provided under section 17 inefficacious Amendment to Section 11: Appointment of arbitrator shall now be made by the Supreme Court or the High Court, as the case may be, instead of the Chief Justice of India or the Chief Justice of the High Court. An application for appointment of arbitrator(s) shall be disposed of as expeditiously as possible and an endeavor shall be made to dispose of the matter within a period of sixty days from the date of service of notice on the opposite party. The High Court is empowered to frame rules for the purpose of determination of fees of the arbitral tribunal and the manner of such payment. The High Court while framing rules shall take into account the rates of fee specified in the Fourth Schedule to the Act. Amendment to Section 12: Ensuring neutrality of arbitrators, when a person is approached in connection with the possible appointment as arbitrator, he is required to disclose in the writing the existence of any relationship or interest of any kind which is likely to give rise to justifiable doubts as to his neutrality. He is also required to disclose any circumstances which are likely to affect his ability to devote sufficient time to the arbitration and complete the arbitration within the specified period. A person having relationships as specified in the Seventh Schedule shall be ineligible to be appointed as an arbitrator; For example: The arbitrator is an employee, consultant, advisor or has any other past or present business relationship with a party to the dispute; or the arbitrator is a manager, director or part of the management, or has a similar controlling influence over the parties

buy custom The Life of People with Disabilities essay

buy custom The Life of People with Disabilities essay People perceive them as different/abnormal. For instance, they refer to them with sharp, short names such as A.D.D, autistic, hyper. They think that people with disabilities are not knowledgeable enough; that they do not even such basic tasks as reciting ABCs, count one to five or even be able to play with other children of their age. Their parents see them as normal kids, but not the people surrounding them (Irish Center). Robinson (2003) says that people tend to view those with disabilities as needing pity. When I watched, read and listened from this module, my initial feelings were composed of pity. My perception was that they need special attention; that they cannot be included in the same programs as others. Initially, I thought that these peoples lives were hard and that they were tasking to their families. Since some are blind, others cannot walk, others do no hear and are autistic, I tended to think that they could not be of much help; rather they would require mch from those without disabilities. Did the initial thoughts and perceptions you had at the beginning change after completing the module? However, after going through the module, I was convinced otherwise. The observations I made on the experiences of those people do not entirely agree with this negative view. I found out that a person with a disability does not necessarily have to be a beggar, ill nor unable. For instance, there are various people with different disabilities featured in the module. Andrea Bocelli is blind, but has a Doctorate of Law and is a reputable musician with several awards for his title; there is a teenager with Down syndrome celebrating a golf shot; a guitarist with no arms and many more cases (Irish Center). This shows that they are just normal like any other person; they have talents like we do and are bright too. They are able to support their own lives and those of others. Additionally, it was evident that there are certain religious and ethnic perspectives influence peoples views both positively or negatively regarding those with disabilities. However, if people in various professions lea rnt to engage them as normal students, patients or employees, they would fit appropriately. Share at least one strategy for fostering an inclusive environment in your classroom. One strategy that can be used for fostering an inclusive environment in class is using inclusive language; and the appropriate modes of address; and discouraging classroom incivilities. One can achieve this by celebrating the similarities, while, at the same time, discovering the differences between students. Support accessibility of computer and other information technologies as methods of interaction between lecturer and students. Also, one should provide students with opportunities to interact informally with him . Establishing ground rules for good classroom conduct are essential to protect insensitivity and cultural exclusion (Barker M). Buy custom The Life of People with Disabilities essay