...point: Should it invest in a new steel mill to commercialize thin-slab casting? This paper examines why Nucor is considering making such an investment and what risks are involved if they choose to adopt the technology. Based on this analysis, the paper will conclude with a recommended path for Nucor Steel. YOU CAN NEVER BE TOO RICH OR TOO THIN The flat sheet segment accounts for 52% of the U.S. market for steel. The large integrated steel mills such as U.S. Steel, LTV Steel, and Bethlehem Steel dominate this important segment. Minimills such as Nucor are shut out of the flat sheet market because with conventional steel-making technology, the minimum efficient scale for flat sheet production is too high, with optimal capacities for each plant reaching 3 million tons per year and investment costs close to $2 billion. In contrast, minimills typically only produce 800,000 to 1 million tons per year, with investment levels closer to $300 million. The cost advantages from thin-slab casting are substantial. If viable, thin-slab casting minimills could become a category killer in the flat sheet segment. For hot rolled flat sheets, the operating costs per ton for a thin-slab minimill is 14% less than a modernized integrated steel mill, and 25% less than an unmodernized mill. For cold rolled flat sheets, the cost advantages are even more dramatic – with thin-slab minimills costing 19% less than a modernized steel mill, and 30% less than an unmodernized mill. 1 Thin-Slab Minimill Hot Rolled...
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...John Stuart Mill vs. Immanuel Kant The aim of this paper is to clearly depict how John Stuart Mill’s belief to do good for all is more appropriate for our society than Immanuel Kant’s principle that it is better to do what's morally just. I will explain why Mill’s theory served as a better guide to moral behavior and differentiate between the rights and responsibilities of human beings to themselves and society. Immanuel Kant and John Stuart Mill are philosophers who addressed the issues of morality in terms of how moral customs are formed. Immanuel Kant presented one perspective in The Groundwork of the Metaphysics of Morals that is founded on his belief that the worth of man is inherent in his skill to reason. John Stuart Mill holds another belief as presented in the book, Utilitarianism, which is seemingly conflicting with the thoughts of Kant. What is most unique about the ethics of morality is the idea of responsibilities to particular individuals. According to both Mill and Kant, moral obligations are not fundamentally particularistic because they are rooted in universal moral principles. Both philosophers have made great impacts in their niche areas in the field. An analysis of their theories may help develop a better understanding of them and their theories. Mill holds an empiricist theory while Kant holds a rationalist theory. Kant explains morality through forms that he believes are essential to free and sensible judgment. Mill’s utilitarian approach...
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...On Analysis of Environmental Costing Research Submitted To: Asphia Habib ACT202 Section- Submitted By: NAME | ID | | | | | | | Letter of Transmittal 6th December 2012 Ashphia Habib BRAC Business School BRAC University. Dear Ma’am, We are delighted to present the Report on “Environmental Costing and Analysis” of Square Bangladesh. Your instructions have been strictly followed by us to build up a vivid picture of the company’s Environment issues & cost performance as you have mentioned. Yours Sincerely, NAME | ID | | | | | | | Thank You. Executive summary Premier Cement Mills Ltd is one of the leading cement companies of the country. The company was started off by top ranking businessmen who had long years of experience in the cement business. In this report, we have tried to give a complete picture of the cement industry of Bangladesh. For a background, the history of the cement industry has been included. We have also focused on the various stages of the cement industry in our country hi-lighting on some of the important years and legal situations that took place. The ranking of the top ten cement companies have also been given which is followed by a thorough analysis of the cement industry in terms of different Environment issues. The position of the cement industry and Premier Cement Mills Ltd...
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...Marketing Plan Case Analysis of Lancaster Colony Corporation Marketing Plan Case Analysis of Lancaster Colony Corporation Lancaster Colony Corporation is a manufacturer and marketer of consumer products, such as specialty foods, glassware and candles. Lancaster Colony Corporation began in 1961, when several small glass and related housewares manufacturing companies combined. In 1969, Lancaster Colony Corporation went public and entered the specialty foods market with the purchase of the T. Marzetti Company. Since that time, Lancaster Colony Corporation, which is based in Columbus, Ohio, has seen the most growth from the specialty foods division (Lancaster Colony.com, 2012). Lancaster Colony Corporation specialty foods division produces and sells foods consisting of salad dressings, sauces, fruit glazes, vegetable dips, fruit dips, Greek yogurt vegetable dips, frozen breads, dinner rolls, sweet rolls, biscuits, dry egg noodles, frozen specialty noodles and pasta, croutons and related products, and caviar under multiple brands names (Lancaster Colony.com, 2012). The division markets its products through sales personnel, food brokers, and distributers to retail, club store, foodservice, and industrial markets (Yahoo Finance.com, 2012). The external environmental analysis will consist of general environmental analysis, industry analysis, and market analysis. One factor of the general environmental analysis that affects the Lancaster Colony Corporation Specialty Foods...
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...Week One – Three theories of ethics From early childhood on, we live in a world of choices, actions and consequences. Some acts make us happy, others sad, some guilty, others proud, and many actions just get us through the day. We observe other people and experience feelings of empathy, sympathy, envy, embarrassment, censure. We judge (or “think about”) the actions of ourselves and others according to criteria gathered over time from family, friends, mentors and society at large. Philosophers stand outside this “circle of living,” to observe the hows and whys of what we do and become who we are, and try to interpret that. So do artists, poets and novelists. But philosophers choose to situate individual beings and their actions within larger theoretical settings, called principles. They search for the defining principles that guide our actions, and for general descriptions that will explain the way things are and what they mean. This effort is to help us both understand ourselves better and act better. As philosophers have considered human experience, three fundamental areas have been elicited: How and what we know, think or understand ------> theory What we create, produce or make -------> arts How we act, what we do or should do -------> practice The third strand will be the focus of our exploration in this seminar: How should we act? What should we be, or become? This debate is known as...
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...Wright Mills' Sociological Imagination Works Cited Not Included In 1959, C. Wright Mills released a book entitled ‘The sociological Imagination’. It was in this book that he laid out a set of guidelines of how to carry out social analysis. But for a layman, what does the term ‘sociological imagination’ actually mean? In his own words, Mills claimed “it is the capacity to shift from one perspective to another…the capacity to range from the most impersonal and remote transformations to the most intimate features of the human self – and to see the relations between the two of them.” . Mills believed that being able to see the relationship between the ordinary lives of people and the wider social forces was the key to the sociological imagination. Fundamental to Mills’ theory is the idea of ‘public issues’ and ‘private troubles’. An individual’s troubles are personal when they occur because of the person’s character. Public issues, however, are a direct result of the problems within society, they affect people hugely but often the individual will assign the problem as their own personal downfall rather than as a societal problem. An ordinary man may get depressed about being unemployed and automatically accept it as his own personal trouble. He will be condemned as being ‘lazy’ or ‘work-shy’ and labelled simply as a ‘scrounger’. However, if there are thousands of other individuals also unemployed, Mills argues it...
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...Assignment 5 Paper Both freedom and equality are political issues that have yet to be fully resolved and understood despite our nation being founded on both. Although we as a society have glamorized our country as being the “Land of the Free” and where “Everyone is created equal,” there are still social issues that give reason to believe that we as citizens of the United States aren’t so equal and not exactly all that free. In the Dialogue readings, I have selected four of which I feel could be strongly applied to the political beliefs of both freedom and equality. In the “Self and Society” book complied of different readings and philosophical authors, I have chosen Albert Camus, B.F. Skinner, Horace Miner, and C. Wright Mills as comparisons to the ideas on freedom and equality. In Camus’ reading entitled “The Guest,” the schoolmaster named Daru is visited by a horseman, Balducci. Alongside Balducci is his captive prisoner, an Arab who remains nameless throughout the reading. Balducci instructs Camus to take the prisoner to police headquarters to face accusations against a supposed crime he had committed. Throughout the story, Daru is seen living well in his furnished and heated home that looks over an impoverished, cold and often corrupt land. This demonstrates quite obviously that not everyone is considered equal, as the rest of the land is cold and freezing while Daru is kept warm. Daru, who goes against Balducci’s orders, and remains true to his own personal freedoms...
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...General Mills first began as a flour Mill in the 1860’s and since the beginning they have been a successful, innovative company. Throughout the years they have grown to becoming the third largest food company in North America. General mills is committed to diversity, innovation and the relationships they have built. They believe their stakeholders are as important to the company as their customers, keeping them in mind for every business decision made. They have 6 key stakeholders; consumers, customers, partners, teams, shareholders and communities. General Mills believes the success of their stakeholders is a success for the company, every decision they make must add value to for their stakeholders. In 2001 General Mills completed a merger with their long-time competitor, Pillsbury. Both sides of the merger felt this was the best decision for each company involved, General Mills felt it would add value to shareholders, while Pillsbury was just happy the business would stay local. The merger was complete with a $10.5 billion price tag and would total $13 billion in annual sales. The only problem was Pillsbury’s weak performance, causing layoffs for General Mills. The best solution to remedy this problem is for General Mills to get its thinking caps on and come up with a new innovative product line for Pillsbury. It will take time and a lot of effort, but in the end the benefits will improve the new company and get Pillsbury performing at the same level as General Mills. With...
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...Marketing Theory http://mtq.sagepub.com/ Marketing the hegemony of development: of pulp fictions and green deserts Steffen Böhm and Vinícius Brei Marketing Theory 2008 8: 339 DOI: 10.1177/1470593108096540 The online version of this article can be found at: http://mtq.sagepub.com/content/8/4/339 Published by: http://www.sagepublications.com Additional services and information for Marketing Theory can be found at: Email Alerts: http://mtq.sagepub.com/cgi/alerts Subscriptions: http://mtq.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav Citations: http://mtq.sagepub.com/content/8/4/339.refs.html Downloaded from mtq.sagepub.com at Glasgow University Library on July 5, 2011 Volume 8(4): 339–366 Copyright © 2008 SAGE www.sagepublications.com DOI: 10.1177/1470593108096540 articles Marketing the hegemony of development: of pulp fictions and green deserts1 Steffen Böhm University of Essex, UK Vinícius Brei Pontifícia Universidade Católica do Rio Grande do Sul (PUCRS), Brazil Abstract. In this paper we analyze the role of marketing in the construction of what can be called the hegemony of development. Through an investigation of the marketing practices of the pulp and paper industry in South America and the resistances that are articulated by a range of civil society actors against the expansion of this industry, we problematize marketing as a political and contested...
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...pleasure for us to submit the report on “Questionnaire Development & Statistical analysis of Apex Spinning and Knit Mills Limited” as per our requirement for course F-110; Business Statistics. Writing this report has been a challenging yet interesting experience for us. It enabled us to grasp a thorough knowledge on the subject matter and we are confident that this knowledge will prove to be of utmost value and importance to us in future. We have undertaken our sincerest effort for successful completion of this report and we hope that any unintentional error, omission or mistake committed by us while preparing this report will be considered with sympathy. Therefore, we beg your kind consideration in this regard. We will be very grateful if you accept our report and oblige there by. Sincerely, Group 9 Kazi Golam Rabbani Mowla 18-001 | | Md.Mahfujur Rahman 18-005 | | S. M. Imtiaz Bhuiyan 18-027 | | Md. Tareq Sojol 18-031 | | Tanvir Hasan 18-105 | | Md. Shalehin 18-205 | | EXECUTIVE SUMMARY One of the most important aspects of Business statistics Nowadays, is the proper acquirement of information and the accurate statistical analysis of various financial performance indicators. To ensure this is done , we have...
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...person which dilemma or situation is best fitted. In order to use one of these methods you have to understand these theories and their purposes. Immanuel Kant was a dominant philosopher of his time (1724-1804), the theory of Kant is the most difficult to understand but when understood is a simple approach. Kant argues that “the moral worth of an action is to be judged not by its consequences but by the nature of the maxim or principal that motivated the action”(Cahn pg. 98). The only actions that are correct are the ones that can serve as universal laws. People should act only on principles or maxims that can be universalized without contradiction. Another theory that is the theory of a leading English philosopher known as John Stuart Mill (1806-1873), his theory differentiates between Kant’s in that his concentrates on the consequences of an action rather than the motive for an action. Mill’s theory is known as utilitarianism, this view is grounded off that principle that morality is to act as so to produce as much happiness as possible, each person counting equally. Mill’s view of happiness is defined as pleasure with the absence of pain. The theory of Aristotle, student of Plato...
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...democratically elected politicians, engaged in a social contract with the electorate, to lie to safeguard the greater good of national and global citizens. Due to the volume of theory and discourse related to this topic, it would not be practical to analyse all aspects to this question. However, this essay will examine the following: first, it will look at the unique nature of the role of a politician, followed by an overview of the social contract theory and the contributions made to it by Thomas Hobbes, John Locke, Jean-Jacques Rousseau and John Rawls. Then, the work of Niccolo Machiavelli and the notion of Reason of State will be examined, followed, in turn, by Utilitarianism, commenting on the contributions of Jeremy Bentham and John Stuart Mill. This will be done before going onto balance the essay by introducing a counterargument offered by Idealism. Finally, to contextualise the thesis, there will be a contemporary example given of a world leader having to lie for the greater good of global citizens for possible prevention of future harm. Politicians work in a difficult profession and what they do is for the common good of society as a whole. Bellamy (2010) asserts that evidence to suggest that democratic politicians possess fewer morals than the general public lacks validity. They operate within the full gaze of the public, which exaggerates any failings they may have. Yet, their purpose is...
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...Limited Company with limited liability on 8 March 1994 and commenced commercial operation in 1995 and also went into the public issue of shares and debentures in the same year. The shares of the Company are listed in the Dhaka and Chittagong Stock Exchanges of Bangladesh. Bextex Ltd. is the most modern composite mill in the region. Bextex Ltd. has an installed capacity of 288 high-speed air-jet looms in its weaving section and a high-tech dyeing and finishing section with a capacity of 100,000 yards of finished fabric per day. This company is located at the Beximco Industrial Park. Bextex Ltd. has a state of the art composite knit fabric production mill, which serves the growing needs of high-quality knit garments exporters in Bangladesh. The project was set up as a state of the art knit fabric knitting, dyeing and finishing facility. During the year the Company produced and sold high quality of knit fabrics and bringing forth all the latest in hard and soft technologies in knitting, dyeing and finishing of knit fabric. Bextex Ltd. also has cotton and polyester blended yarn-spinning mill, with 122,000 spindles is one of the largest spinning mills of the country. The mill was set up to feed the country's export oriented industries. Bextex Ltd. produces specialized finishes of denim cloth for export in finished as well as cloth only form. All the academic studies find their final destination with practical, real-life oriented experiences. Practical experience is not less...
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... NISHAT MILLS LIMITED | 6 | HR DEPARTMENT | 7 | RECRUITMENT | 10 | SELECTION | 13 | TRAINING & DEVELOPMENT | 16 | PERFORMANCE MANAGEMENT | 18 | PERFORMANCE APPRAISAL | 19 | COMPENSATION MANAGEMENT | 24 | Conclusion | 25 | Bibliography | 25 | INTRODUCTION Nishat group is grown up from the cotton export and now it became a leading business group of Pakistan with five listed companies, focusing on the four businesses, Textile, cement, Banking, Power Generation. Nishat group is world famous group in the sector of textile, and having a great participation in the export of quality products LISTED COMPANIES:- * Nishat textile mills * D.G. khan cement * MCB Bank limited * Power generation BUSINESS WORTH:- * Annual turnover 17 billion Rupees * 14 Billion from textiles * Earn foreign exchange US $ 236 million * Taxes and Levi of 2,080 million Rupees annually Mian Muhammad Mansha started his career as one of the most prominent industrialist of Pakistan. His textile mill in Faisalabad under the name of Nishat Mills still is one of the biggest textile units in Faisalabad. He formally joined the family business after completing his studies. Mian Mohammad Mansha is currently on the board of 45 companies in Pakistan and is one of the most powerful and influential people in the country. He was awarded the Sitara-e-Imtiaz civil award by President Musharraf on 23 March 2004. One of Mansha's companies, Nishat Mills Limited,...
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...firm has opportunities for differentiating its offering to customers, although the range of differentiation opportunities depends on the characteristics of the product. An automobile or a restaurant offers greater potential for differentiation than standardized products such as cement, wheat, or computer memory chips. These latter products are called “commodities” precisely because they lack physical differentiation. Yet, even commodity products can be differentiated in ways that create customer value: “Anything can be turned into a value-added product or service for a well-defined or newly created market,” Analyzing differentiation requires looking at both the firm (the supply side) and its customers (the demand side). While supply-side analysis identifies the firm’s potential to create uniqueness, the critical issue is whether such differentiation creates value for customers, and whether the value created exceeds the cost of the differentiation. By understanding what customers want, how they choose, and what motivates them, we can identify opportunities for profitable differentiation. Differentiation strategies are not about pursuing uniqueness for the sake of being different. Differentiation is about understanding customers and how our product can meet their needs. To this extent, the quest for differentiation advantage takes us to the heart of business strategy. The fundamental issues of differentiation are also the fundamental issues of business strategy: Who are our customers...
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