Financial Statements Essay Example for Free

Financial Statements Essay What does the Consolidated Statements of Earnings the income statement tell you about the company? Why is this statement important? What business decisions could be made using the income statement? What does the balance sheet tell you about the company? Why is  the balance sheet important? What business decisions could be made using the balance sheet? What does the statement of cash flows tell you about the company? What business decisions could be made using the statement of cash flows? What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in managerial decision making? Format your paper consistent with APA guidelines. Business Accounting Using Home Depot, Inc. 2008 Annual Report located in Appendix A of the text, Fundamentals of Financial Accounting , prepare a 1,050-1,750-word paper in which you answer the following questions: What does the income statement tell you about the company? Why is this statement important? What business decisions could be made using the income statement? What does the balance sheet tell you about the company? Why is the balance sheet important? What business decisions could be made using the balance sheet? What does the statement of cash flows tell you about the company? What business decisions could be made using the statement of cash flows? What information is provided in the statements that will assist you in making these business decisions? What information is not provided that could assist in manager Follow the link to get tutorial https://bitly.com/12BS8dD When you are traveling far from home for college, determine whether you should bring your vehicle or leave it home. In areas of high population, free parking spaces can be difficult to find. Also, if you have a car on campus, you will have to pay for regular maintenance as well as insurance and gas. Business Accounting Using Home Depot, Inc. 2008 Annual Report located in Appendix A of the text, Fundamentals of Financial Accounting , prepare a 1,050-1,750-word paper in which you answer the following questions: What does the income statement tell you about the company? Why is this statement important? What business decisions could be made using the income statement? What does the balance sheet tell you about the company? Why is the balance sheet important? What business decisions could be made using the balance sheet? What does the statement of cash flows tell you about the company? What business decisions could be made using the statement of cash flows? What information is provided in the statements that will assist you in  making these business decisions? What information is not provided that could assist in managerial decision making?

Clean Air Act Title VI Essay -- Environment Geology

Clean Air Act Title VI An Examination of the Goals, Plans for Implementation, and the Effectiveness at Achieving these Goals Introduction and Background Ozone is a substance which plays a pivotal role in anthropogenic life. Formed by having three oxygen molecules bond together, it becomes a molecule whose formulaic makeup is 03. While contributing to only a small amount of atmospheric makeup, this is a molecule that without which, human life could not survive. Ozone is the one gas which absorbs long wavelength UV radiation (UVB). This radiation has been known to cause skin cancers, increase risk for glaucoma, and damage the immune system. 90% of all ozone is found in the stratosphere, with the other 10% making up tropospheric smog (http://earth1.epa.gov/oar/oaqps/peg_caa/pegcaa06.html). Located between 9 and 31 miles above the Earthà ­s surface, ozone is situated in roughly a sphere-like shape through diffusion across the atmosphere. This sphere is constantly changing in cycles through the natural breakdown and buildup of ozone. Stratospheric ozone depletion did not become a problem until after the 1950à ­s, when CFCs began to be manufactured. These chlorofluorocarbons were found in propellant aerosols, any type of machinery which was required to lower temperature, solvents, fire retardants (halons) and as byproducts of styrofoam production (http://ess.geology.ufl.edu). While CFCs are highly stable molecules in the lower atmosphere, upon entering the upper atmosphere, they encounter UV radiation. This radiation splits the CFC and releases a free-roaming chlorine molecule. The chlorine molecule destroys ozone at an alarming rate, with one catalytic Cl being able to account for the destruction of 100,000 ozone molecules... ...e previous years had shown a general trend of increase in ozone hole size. Now, the effects of the Clean Air Act being realized. Hopefully, through the efforts of the EPA and other groups throughout the world, the problem of stratospheric ozone depletion can be handled and even decreased. But more can be done. While the US has championed the cause towards a better world with ozone, many other countries choose to ignore the dangers of UVB through extensive lobbying by companies that have stakes in the production of CFCs. Without full cooperation from the global community, the problem will never be completely solved, as shown here (http://ess.geology.ufl.edu). If nations follow the lead of the US, utilizing alternative chemicals as propellants and finding new chemicals for air refrigerants, then the problem of stratospheric ozone depletion will be a problem no more.

Mpo Notes

Extrinsic motivation is related to rewards such as salary, job security, benefits, promotional prospects, the working environment and its conditions. Intrinsic motivation comes from within the individual. It relates to rewards which are psychological such as positive recognition and a sense of challenge and achievement. Vroom’s expectancy theory – Vroom believes that people will be motivated to do things to reach a goal if they believe in the worth of the goal and if they can see that what they do will help them to achieve it.Maslow Theory hierarchy of needs – self actualisation, esteem needs self esteem recognition status, social needs sense of belonging love, safety needs security protection, physiological needs hunger thirst. Herzberg two factor theory – hygiene factors (maintenance factors to avoid dissatisfaction but do not necessarily motivate employees) – Company policy and administration, Wages, salaries and other financial remuneration, Qua lity of supervision, Quality of inter-personal relations, Working conditions, Feelings of job security.Motivator factors – Status, Opportunity for advancement, Gaining recognition, Responsibility, Challenging / stimulating work, Sense of personal achievement & personal growth in a job. McGregor’s X and Y theory – Theory X = Individuals who dislike work and avoid it where possible, Individuals who lack ambition, dislike responsibility and prefer to be led, Individuals who desire security. Theory Y = Consider effort at work as just like rest or play, Ordinary people who do not dislike work.Depending on the working conditions, work could be considered a source of satisfaction or punishment, Individuals who seek responsibility (if they are motivated). Taylor’s scientific management theory – Man is a rational economic animal concerned with maximising his economic gain, People respond as individuals, not as groups, People can be treated in a standardised fashion, like machines. Porter and Lawler’s Expectancy Model is a further development of Vroom’s theory.It considers performance as a whole, pointing out that effort expended does not lead directly to performance but is influenced by the ability of the individual and his/her perceptions. They identify motivation, performance and satisfaction as individual and separate variables and attempt to explain the relationships between the three. Adam’s equity theory – focuses on the way people feel they have been treated in the workplace, looks at fairness of treatment between people, expectation – what people expect to receive in return for there hard work.People may try and get others to leave, they may start to compare themselves to someone who they think they are more like. Methods of removing inequity – increased pay, perks, better working conditions, transfer a member to another department. Locke’s goal theory – clarity, challeng e, commitment, feedback, task complexity. Teamwork is important for staff morale, work performance. Empowerment, quality circle and TQM. Improves productivity, improving quality, improvement in motivation and commitment.Organisations arrange their workforce into groups of people who work together for a common purpose or goal but who each have their own jobs to do. Teamwork creates synergy, in groups leadership is shared, empowerment is making people responsible for the quality of their own work, it enables all knowledge to be utilised, and people doing the work are those that know most about the job. Where group members share the same office this can lead towards group cohesiveness.Good teamwork – Commitment to the team’s success as well as the development of team member, The appropriate skills to do the tasks, The team has its own clear identity to both the members and others, Team members are positive and motivated, The team learns from mistakes and copes with setbac ks, The team is results focussed and produces real results. The authoritarian manager: Motivates by reward, Imposes decisions, Does not delegate, Has only a superficial trust in their staff, Occasionally involves staff in solving problems.The democratic manager: Shares opinions and ideas, Has complete confidence and trust in their staff, Allows staff to participate in making decisions, Motivates by reward for achieving goals set by participation. The autocratic manager: Threatens or bullies staff into action, never delegates, Always imposes decisions on others, Has no trust and confidence in staff, Has little communication and teamwork.

What Is Resource Partitioning Definition and Examples

Resource partitioning is the division of limited resources by species to help avoid competition in an ecological niche. In any environment, organisms compete for limited resources, so organisms and different species have to find ways to coexist with one another. By examining how and why resources are allocated in a particular niche, scientists can better understand the complex ecological interactions between and in species. Common examples of resource partitioning include the Anole lizards and a number of bird species. Key Takeaways The division of resources by species to help avoid competition in an ecological niche is called resource partitioning.Intraspecific competition denotes competition for resources by individuals of the same species.Interspecific competition is the competition for resources by individuals of different species.By studying resource partitioning, scientists can understand how the addition or removal of a species may impact the overall usage of resources in a given habitat or niche. Resource Partitioning Definition The original concept of resource partitioning refers to the evolutionary adaptations in species as a response to the evolutionary pressure from interspecific competition. The more common basic biological usage is based on the different uses of resources by species in a particular niche and not on the specific evolutionary origin of such differences. This article explores the latter convention. When organisms compete for limited resources, there are two primary types of competition: intraspecific and interspecific. As the prefixes denote, intraspecific competition refers to competition for limited resources by individual organisms of the same species, while interspecific competition refers to the competition for limited resources by individuals of different species. When species compete for the exact same resources, one species typically has the advantage over another, even if only slightly so. The complete competition maxim states that complete competitors cannot coexist. The species with the advantage will persist in the long term. The weaker species will either become extinct or will transition to occupying a different ecological niche. Habitat Partitioning Examples One way that species can partition resources is by living in different areas of a habitat versus their competitors. One common example is the distribution of lizards in the Caribbean islands. The lizards mostly eat the same types of food—insects. However, they can live in different microhabitats within the context of their larger habitat. For example, some lizards can live on the forest floor while others may live higher up in the habitat in trees. This differentiation and partitioning of resources based on their physical location allows the different species to coexist more effectively with one another. Food Partitioning Examples Additionally, species can more effectively coexist based on food partitioning. For example, among species of lemur monkeys, food may be discriminated by the chemical characteristics of the food. Food partitioning based on plant chemistry can play an important role. This allows different species to coexist while eating similar yet chemically different foods. Similarly, species may have an affinity for different parts of the same food. For example, one species may prefer a different part of the plant than another species, allowing them to effectively coexist. Some species may prefer the leaves of the plant while others prefer the plant stems. Species can also partition food based on other characteristics such as different activity patterns. One species may consume most of their food during a certain time of day while another may be more active at night. Long-Term Effects of Resource Partitioning By partitioning out resources, species can have long-term coexistence with one another in the same habitat. This allows both species to survive and thrive rather than one species causing the other to go extinct, as in the case of complete competition. The combination of intraspecific and interspecific competition is important in relation to species. When different species occupy slightly different niches in relation to resources, the limiting factor for population size becomes more about intraspecific competition than interspecific competition. Similarly, humans can have profound effects on ecosystems, particularly in causing species to go extinct. The study of resource partitioning by scientists can help us understand how the removal of a species may impact the overall allocation and usage of resources both in a particular niche and in the broader environment. Sources Walter, G H. â€Å"What Is Resource Partitioning?† Current Neurology and Neuroscience Reports., U.S. National Library of Medicine, 21 May 1991, www.ncbi.nlm.nih.gov/pubmed/1890851.Ganzhorn, Jà ¶rg U. â€Å"Food Partitioning among Malagasy Primates.† SpringerLink, Springer, link.springer.com/article/10.1007/BF00376949.

Fahrenheit 451 As A Dystopian Society - 1181 Words

â€Å"Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.† - Kofi Annan. This quote states that education is the key to power and guiding others. The main character in Fahrenheit 451, Guy Montag, lives in a dystopian society where people have lost their will to think and communicate with others. In Montag’s society, books are prohibited from civilians because they are deemed offensive, ultimately causing the brain dead downfall of their society. Montag’s profession is a firefighter, who lights houses on fire that contain books in them to shield the society of knowledge. After meeting a spirited well thought girl named Clarisse and an old retired professor named Faber,†¦show more content†¦Both of these characters have a hard time trying to communicate with other people. Only in his society, Montag has the ability to make real relationships and connections with other people in his l ife. These people can greatly impact his life for the better as well as offer wisdom such as his friends, Clarisse and Faber, who are responsible for Montag’s realization of his society. Although both characters are prohibited to do what they want, Montag is capable of doing much more than Truman. The only thing Montag cannot do in his society is read and possess books which is prohibited by the government. Montag is prohibited to read, but still reads anyway which allows him to understand what his society is really like. â€Å"There must be something in books, something we can’t imagine, to make a woman stay in a burning house; there must be something there. You don’t stay for nothing.† The government prohibits people to become self-aware, much like the people controlling Truman’s society. In a way, both of these characters live in the same society. In Truman’s society, his capabilities are very limited as he is controlled by the soci ety to do what they would like. Because Truman is heavily monitored, it is hard for him to do different things and go to new places. If Truman is feeling adventurous, his feelings are immediately shut down by other actors. In the Truman Show, Truman’s dream is to go to FijiShow MoreRelated`` Fahrenheit 451 `` By Dystopian Society912 Words   |  4 PagesAn utopian, or perfect, society is where people is over satisfied and has no complaints, obstacles about their way of life in that community. In the novel Fahrenheit 451, the government believe they have made quite such a place but in reality, the society this novel is portraying is a dystopia, where everything is bad, unpleasant, the opposite of an utopia. This depicts dystopian society because of common suicide, relationships, technology, emotions and their environment they are living in. TheRead MoreFahrenheit 451 As A Dystopian Society Essay1048 Words   |  5 PagesImagine living in a society where the whole world of literature has been completely turned upside down. Books are now being burned in attempt to stop the characteristic we know as individuality and a dystopian society seeks to control the population by eliminating individual desires, thoughts and passions. The novel Fahrenheit 451, written by Ray Bradbury explores the idea of a dystopian society that burns books to eliminate individuality and specific opinions between all persons. The protagonistRead MoreDystopian Society In Fahrenheit 451, By Ray Bradbury749 Words   |  3 Pages Ray Bradbury ´s wrote a book about this dystopian society where everything in our world is backwards in their world, they can speed, they burn books, and everybody is always gloomy and sad. Montag changed his mindset throughout the book, he went from burning books to saving them from getting burnt. Mildred on the other hand , continuously stayed the same throughout the book. She beginned the book showing she did not care, and carried that same mentality through the rest of the book. Ray Bradbury ´sRead MoreA Dystopian Society in Ray Bradburys Fahrenheit 451654 Words   |  3 Pageshasn’t gotten the point of completely censoring everything. In Fahrenheit 451, a novel about a dystopian society, Ray Bradbury illustrates what he believes our world should be like right now. This scarily accurate novel demonstrates the way technology has affected knowledge and relationships in both our world and the world of Fahrenheit 451 in the same way. One of the many ways our world is similar to the dystopian world of Fahrenheit 451 is in the way technology affects our relationships. TechnologyRead MoreDystopian Society In Fahrenheit 451 By Ray Bradbury1243 Words   |  5 PagesFahrenheit 451 by Ray Bradbury takes the reader to a dystopian society where firemen do more harm than good. The setting takes place in a large United States city in the year 2053. The story has a futuristic and dark tone which makes the reader wonder what the future holds. Has the government become so corrupt that it has the power to control everything? Ray Bradbury tells a story of what happens to society when the government controls people and replaces happiness with distractions. The charactersRead MoreDystopian Response To The Movie Equilibrium And Fahrenheit 451864 Words   |  4 PagesThe book Fahrenheit 451 and the movie Equilibrium have many similarities, but they also have many differences. Both Show this through the characteristics of a dystopia, the controls used, and how the main character acted. A dystopia is an imagined, unpleasant, futuristic place where society is controlled and seen to be perfect by the corrupted citizens. A dystopia is controlled through a corporate, bureaucratic, technological or philosophical control. Both of these stories are dystopian stories andRead MoreCorruption of Technology in Fahrenheit 451 by Ray Bradbury739 Words   |  3 PagesFahrenheit 451 by Ray Bradbury Fahrenheit 451 is a book by Ray Bradbury, written after World War II and it examines the corruption of technology in a dystopian society. This book explains how a dystopian society works and how people are so attached to television and cars and do not enjoy the natural world. People in a dystopian society are full of fear and sadness. They do not have equality or freedom, they are all so soaked up in technology that it is illegal for them to do simple stuff, suchRead MoreFarenheit451/Gattaca, Relationship Between Man and Machine1243 Words   |  5 Pagesrevolving around science and technology, usually conveying the dystopian alternative future context, the pessimistic resultant of society. Ray Bradbury s Fahrenheit 451 (1953) and Andrew Niccols Gattaca (1997) both explore the values and concerns of human existence. Despite the difference in context, Gattaca and Fahrenheit 451 both extrapolate the relationship between man and machine in a metaphorical sense. Both pose similar dystop ian concepts of a machine like world. Through the use of juxtapoismRead MoreFahrenheit 451 Vs. 1984970 Words   |  4 PagesFahrenheit 451 vs. 1984 Ray Bradbury and George Orwell share a very similar theme in their two novels, Fahrenheit 451 and 1984. Winston Smith and Guy Montag work within an authoritarian organization, in which, they have opposing views of the authority. The novels are placed in a dystopian setting that the authority believes is a utopia. The dystopian fictions both have very similar predictions of the future. The predictions from these novels have not happened. However, it could be a short matterRead MoreThe Dystopian Themes Of Fahrenheit 4511372 Words   |  6 PagesEven though Fahrenheit 451 was written over 50 years ago many of the dystopian elements Bradbury applied to his story also apply to our current society. A large portion of today’s world is in a dystopian state such as North Korea, Sierra Leone, Chad and even Disneyland shows dystopian characteristics. The citizens that live in North Korea believe that they are in a utopian state, they worship their leader as a God, have a bureaucra tic control and also propaganda control. Four dystopian themes in Fahrenheit

Comparison of Anee Sexton´s Poem Cinderella and Ernest...

â€Å"That story,† as used by Anne Sexton in her poem titled Cinderella, refers to tales of happily ever after, and challenges the existence such constant happiness. â€Å"That story† often referred to as a ‘Cinderella story,’ is the story of someone who is rescued from their unfortunate circumstances by someone or something. In Hills Like White Elephants, author Ernest Hemingway writes about a couple facing a life changing decision, where the man believes that if only the girl would agree to a â€Å"simple† procedure that things would be as before and they would be happy again. The couple in Hemingway’s Hills Like White Elephants, accurately illustrates Sexton’s suggestion that happily ever after is a facade. Most people are familiar with the Walt Disney version of Cinderella, where Prince Charming rescues Cinderella from her evil stepmother. Anne Sexton’s poem refers to the much darker story written by the Brothers Grimm, in which the women of the story go to violent extremes to get their man. One of Cinderella’s stepsisters cuts off her big toe, and the other her heal in an effort to fit into the slipper and thus marry the prince. I believe the point Sexton makes is that we are responsible for our own happiness, and a life free from challenges is not really lived. No matter how hard we try to fit into someone else’s idea of who we should be, we will never be truly happy unless we are true to ourselves. People continue to grow and change, and cannot stay frozen in a perpetual

Globalisation and Reorganisation Business Environment

Question: Discuss about the Globalisation and Reorganisation Business Environment. Answer: Introduction Renault-Nissan alliance is one of the highly recognized alliances in the past. Nissan is on the company which has gained huge and continuous success before the era of 1990s. But because of several reasons and the global recession the company experiences a huge downturn in its profits, sales and brand value. For approximately a time period of a decade the company flows in the era of difficulties. But the destined alliance of Nissan and Renault help Nissan to grow and recognized as one of the successful automotive industry. The alliance of Nissan and Renault took place in the year 1999. The main and the primary objective of the alliance for Nissan were to overcome its debt load which was increasing with a rapid rate (Fletcher III, 2012). The global recession, international competition and the lack of innovativeness made the company a weaker institute which has no chances of having a sustainable and successful future ahead. The alliance empowered Nissan to boost up and redevelop its bra nd image and revenues. After the alliance there was complete restructuring of Nissan which took place and this resulted into various positive outcomes. There were certain multicultural; issues but with appropriate strategies and policies the companies managed those issues in an effective manner (Stahl and Brannen, 2013). The alliance provided innovativeness and effectiveness in the overall operations and functioning of Nissan. The Renault-Nissan alliance The early 1990s were the most vulnerable and nastiest period for the economy of Japan as this period led the economy fall into great recession. In 1980s the Japanese economy experienced vast growth and successful in almost all the industrial sectors but as the impact of rebounding of US economy there were various negative impacts which were imposed over the Japanese economy. It was recognized that the value of Yen was increasing rapidly as compared to Dollar in the time frame of 1980s. But in the early 1990s, there were few major car manufacturing companies of the US which suddenly raise their sales volume through innovativeness in their products, improved efficiency and reduced cost (Tsutsui and Mazzotta, 2014). This impacted the business of Nissan and other various Japanese companies. The surplus gain which was earlier experienced by the Japanese companies was transferred to those US organizations. The global recession laid huge negative impact over the success over Nissan as in co mparison with the competitors such as Toyota, there were less financial strengths available with Nissan to handle the losses and recession. And as an outcome of the global recession, Nissan had a huge declined in its sales and profits (Lechevalier, 2014). In the year 1991, there was introduction of the first and primary financial decline. This was the time when the operating revenue of the company was drop down by 64.3 percent. Over the years 1993 and 1994, there were continuous losses which weakened the foundations of Nisan. To save the company from such higher losses there were several steps taken up by the company such as reducing costs of the material as well as manufacturing expenses. It was identified that Nissan was the first company which was pressurized to shut one of its plants and also to cut approximately twelve thousand workers from the payroll. All this took place to reduce the cost and handle the company in the era of great global recession (Shimokava, 2010). The Japanese companies were suffering from a threat of high debt loads which made several companies bankrupt. Nissan also had a huge debt load off around US$32 billion. The Industrial Bank of Japan was one f the biggest support which help Nissan in keeping its oper ation going. Till the year 1996, the losses of Nissan were kept to be continuously growing with a rapid rate. By the year 1997, the overall share of Nissan in the auto market of Japan was dropped down by 20 percent. The major impacted was led by the two huge competitors of Nissan i.e. Honda and Toyota. As well as there were few mistakes of Nissan too as the company was unable to develop a pace with the dynamic needs off the market and the consumers. For instance, at the time when the competitors have offered sports utility vehicles as well as minivans to the consumers, Nissan was nowhere to offer such new and innovative products. Thus the sales were plummeted with a rapid rate (Fletcher III, 2012). Hence 1990 is said to be a lost decade in the history of Nissan and other various Japanese companies as this decade has shown a sudden fall in the revenues, sales and market reputation of the companies including Nissan at the utmost. The difficulties of the Japanese keeps on continuing for almost a decade and with gradual efforts and strategies the companies strives hard to maintain their position in the markers (Schaede, 2010). Differences and Similarities between French and Japanese cultures There were a number of challenges encountered at the alliance of Renault and Nisan because of the act that both the companies possess different cultural norms and beliefs. There certain positive as well as negative implications of those cultural similarities and differences respectively. The major and the primary cultural differences among the two countries were based on the enterprise loyalty, the process of decision making, feminist Vs masculinity, religion, uncertainty avoidance and time perception and collectivism Vs individualism (Yu, Subramaniam and Cannella Jr, 2013). First talking about collectivism Vs individualism, in the French culture i.e. in Renault there prevails the culture of individualism where the interest of an individual is above and over the interest of the community. But in Japanese culture the collectivism is of high importance, there prevails the dominance and power of a group. Thus it was one of the biggest differences among both the cultures (Zahid and Shah, 2010). The new CEO of Nissan, Carlos Ghosn imposed a new system in the organization where the rewards were given on the basis of individual performance which encourages the working of an individual rather than collective performance (Kumar and Das, 2010). Based upon the religion, in french culture there follows monotheist religion based on truth whereas in Japan there follows Buddhism, Shintoism and Confucianism based on virtue. Based over the discrimination bases on gender it has been analyzed that Japan there follows completely a masculine one whereas in French culture and that too in Renault there is equity. No discrimination on the basis of gender is there in the organizations. People are given equal chances to show their talent and skills (Lasserre, 2012). The decision making process is one of the differential factors as in French culture there has usually been taken fast and quick decisions whereas in Japanese culture the decisions are taken after having a long discussion and thought process. As per the loyalty factor it can be said that the employee in Renault and other France companies are comparatively less loyal as in the Japanese organizations the employees are highly engaged with the companies are their level of loyalty is very high towards the organization (Peters, et al., 2010). Power distance is one the similarities among the cultures of Japan and France. Power distance can be explained as the association among the management and the staff of the organization. In both the Japanese and the French cultures the power distance is high. The employees used to follow the decisions take by the higher authorities and the managers. It can also be analyzed that the association of employees with their higher authorities is formal at both the places (Kumar and Patriotta, 2011). In France there are rooms for the employees to discuss issues with higher authorities but in Japan such possibility is not offered. One of the similarities in both the cultures is the use of English. To have better communications no domestic language was preferred and the main communication which was undertaken was in English language which gives a sense of belongingness to all the people from diverse cultures. There is one more similarity which impacts the organizations in greater context is the literacy level of the employees. Renault and Nissan do not have to face difficulties regarding the skills and aptitudes of the employees as the workforce in both the organizations were well trained and educated (Kumar, 2014). Extent to which speaking of a European or East Asian socio-economic model is possible The alliance of Renault and Nissan is one the most recognized and successful alliance which has empowered both the organizations and has provided several positive outcomes which resulted into both organizational growth and the economic development. The alliance has also forecasted the speak of a European or East Asian socio-economic model as the association of these two organizations have been evaluated as one of the factor which can contribute in the social development. The European socio-economic model can be understood as a shared vision that in what manner the society must be organized (Morel, Palier and Palme, 2012). The purpose of this model is to serve the society, take care of the social well being together with the organizational development. The primary aim of the model is to achieve continents sustainable development. There are some of the specific aspects of the European socio-economic model such as to provide quality work and extensive employment opportunities to the individuals as a general responsibility, social protection, appropriate wealth distribution, progressive taxation, fair working conditions, equality, non-discrimination at workplace, availability of equal opportunities to the people and fundamental social rights (Sapir, 2006). All these are the major aspects of working over a socio-economic model. There are several assumptions that the alliance of Renault and Nissan will help in building a European socio-economic model by reducing the unemployment rate, by developing opportunities for the young people by which they can achieve appropriate housing, by safeguarding the improved employment conditions, by offering social protection and marinating equity. As now the organization is one of the top leaders in the automotive industry thus it has the power to change the working model and give high emphasis over the implementation of the European socio-economic model. Thus it can be analyses that with the alliance of Renault and Nissan there are several possibilities of speaking of a European socio-economic model. This will result into various positive outcomes such as reduction in poverty, appreciation for the labor participation, high protection regarding the risks associated with the labor markets, social welfare, higher employment rate and other various social and community well beings (Tabellini, 2010). Conclusion There are situations where synergies can change the entire situation. The essay has highlighted one of such example of synergy. From this essay it can be concluded that by joining hands and making an alliance the companies can change their future outcomes. Nissan has experienced huge decline and failure in the early 1990s. The downfall remained for a longer time period as there were a number of difficulties with Nissan had to fight such as global recession, increasing competition, poor financial condition and no rooms for innovativeness. The essay highlights the comeback of Nissan by a successful alliance with Renault. There were certain positive implications of the alliance such as upsurge profits, higher competitive benefits, improved financial conditions, successful operations, greater innovativeness and improved brand image. It has been also concluded that there were number of difficulties which arise because of the cultural dissimilarities among the companies but the management has overcome such issues by maintain a balance and taking best use of the cultural diversity. It has been concluded that with the alliance of Renault and Nissan there will also be a positive outcome fir the society as this alliance emphasizes on developing a socio-economic model of functioning. This model helps in development of the societies and also helps the economy to boost. Therefore from the overall perspective the alliance is one the successful association in the automotive industry which has benefitted every segment of the society. References Fletcher III, W. M. (2012). Dreams of economic transformation and the reality of economic crisis in Japan: Keidanren in the era of the bubbleand the onset of the lost decade,from the mid-1980s to the mid-1990s.Asia Pacific business review,18(2), 149-165. Kumar, R. (2014). Managing ambiguity in strategic alliances.California Management Review,56(4), 82-102. Kumar, R., Das, T. K. (2007). Interpartner legitimacy in the alliance development process.Journal of Management Studies,44(8), 1425-1453. Kumar, R., Patriotta, G. (2011). Culture and international alliance negotiations: a sensemaking perspective.International Negotiation,16(3), 511-533. Lasserre, P. (2012).Global strategic management. Palgrave Macmillan. Lechevalier, S. (2014).The great transformation of Japanese capitalism. Routledge. Morel, N., Palier, B., Palme, J. (2012).Towards a social investment welfare state?: ideas, policies and challenges. Policy Press. Peters, L. D., Johnston, W. J., Pressey, A. D., Kendrick, T. (2010). Collaboration and collective learning: networks as learning organisations.Journal of Business Industrial Marketing,25(6), 478-484. Sapir, A. (2006). Globalization and the reform of European Social Models.JCMS: Journal of Common Market Studies,44(2), 369-390. Schaede, U. (2010). Globalisation and the reorganisation of Japan's auto parts industry.International Journal of Automotive Technology and Management,10(2-3), 270-288. Shimokawa, K. (2010).Japan and the global automotive industry. Cambridge University Press. Stahl, G. K., Brannen, M. Y. (2013). Building cross-cultural leadership competence: An interview with Carlos Ghosn.Academy of Management Learning Education,12(3), 494-502. Tabellini, G. (2010). Culture and institutions: economic development in the regions of Europe.Journal of the European Economic Association,8(4), 677-716. Tsutsui, W.M. and Mazzotta, S., (2014). The Bubble Economy and the Lost Decade: Learning from the Japanese Economic Experience, Journal of Global Initiatives: Policy, Pedagogy, Perspective, 9(1), Pp.19, Retrieved on: 13th January, 2017, Retrieved from: https://digitalcommons.kennesaw.edu/cgi/viewcontent.cgi?article=1164context=jgi Yu, T., Subramaniam, M., Cannella Jr, A. A. (2013). Competing globally, allying locally: Alliances between global rivals and host-country factors.Journal of International Business Studies,44(2), 117-137. Zahid, N., Shah, A. M. (2014). Mergers and Acquisitions in International Business.European Scientific Journal, ESJ,22.