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Dow Chemical Case Study Essay
Dow Chemical Case When Petroquímica Bahia Blanca S.A. (PBB) began the process of becoming
privatized by the Argentine government, Dow Chemicals saw the acquisition of this company as a
golden opportunity to become the leading polyethylene player in Latin America. Dow Chemical's
was already a major player in the chemicals (ethylene), plastics (polyethylene), and agricultural
products industries holding position as a low–cost producer. Breaking each segment of their
business down into these categories respectively, Dow Chemicals was able to generate annual
revenues of 20.2 billion making them the leader in market position worldwide for some chemical
product lines accounting for 7% of global capacity. Dow embraced a strategy ... Show more content
on Helpwriting.net ...
The Polyethylene industry is driven by demand in innovation of new packaging, raising living
standards and growing populations in emerging markets. The demand in end user markets for
products that are produced for commercial use by Polyethylene. Polyethylene represented
approximately 15% of Dow's total sales and 35% of its operating profit. Dow was the worldwide
leader in production accounting for 7% of the global capacity for the production of ethylene and
polyethylene. Dow Chemical was looking for expansion opportunities in the South American
market. In 1995 the opportunity arose to become apart of the regions ever growing polyethylene
market with in Argentina. Argentina's economy opened up with the elimination of all duties,
Charges and other restrictions in the trade between the members of Mercosur, a trading bloc created
in 1991 which included Argentina, Brazil, Paraguay and Uruguay. The petrochemical producers in
Argentina will now be competing with the much larger and advanced Brazilian petrochemical
producers. This caused a big disadvantage for Argentina's largest government controlled
polyethylene plant PBB(Petroquímica Bahia Blanca) complex whose technology and scale was no
longer in line with international standards. So the Argentine government decided to privatize the
plant.
Dow chemicals vice president for business development in Latin America, watch the rapid
transformation occurring in Argentina. He watched the improved standard of living in
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Mckinstry Advertising Agency
McKinstry Advertising Agency
You are the president of the McKinstry Advertising Agency, a medium sized firm that specializes in
preparing the marketing strategies, performing the market research studies, arranging the
distribution channels, and designing the advertising and promotional materials for industrial
companies that have developed "off–shoot" consumer products. You obviously serve a very specific
niche. Your clients are industrial companies– that is, they sell primarily to other manufacturing firms
and government agencies– that have developed– as unintended outcomes of their R&D
programs– products for the retail trade. Dow Chemical Company, while not a client of your agency,
is an almost ideal example of this type of firm. ... Show more content on Helpwriting.net ...
In summary, it cannot be said that exact cause of most severe traffic accidents are known with
certainty but it is believed that speeding and drinking, jointly or separately, play some role in the
events that lead up to those accidents. Also to blame, in many instances, are the design of the
highway, the condition of the weather, the maintenance of the vehicle, the time of the day (many
severe accidents occur at dusk, with poor lighting and tired drivers), and the presence of radar
detectors. A study by the Ohio State Police found that radar detectors were present in at least one of
the vehicles involved in 69% of all severe traffic accidents on the highways of that state in 2005.
Studies in other states have confirmed that finding, with some estimates of the relationship running
as high as 75%.
The use of radar detectors is illegal in many if not most states, but neither the manufacturing nor the
marketing of the units has ever been banned by the federal government which, of course, is the sole
authority which could regulate their interstate trade. The U.S. constitution forbids any state from
restricting" imports" from any other state. Currently, therefore, there often occur an unusual
situation in which the use if the radar detector sets may be illegal within a given state, but the sale of
those sets is not illegal and cannot be prohibited within that state.
The manufacture and marketing of radar detectors was expanding industry,
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A Brief Note On Dow Chemical And Industry
Q7 From Q6, all regression models ran by Single Index Model, a model helps to split a security's
total risk into unique risk and market risk, α is the intercept of the single index model in which
evaluate the expected excess return of the security , and β is the security's sensitivity to the market
index, while e represents the unsystematic risk of the security:
Basic statistics ran from Q6 given with the average industry performance: EBAY INDUSTRY α
0.025 0.162 β/raw β 1.155 1.441
R^2 0.375 0.294 Table1:Comparison between eBay and Industry DOW CHEMICAL INDUSTRY α
–0.026 –0.306 β/rawβ 1.562 1.418
R^2 0.610 0.308 ... Show more content on Helpwriting.net ...
In the analysis, S&P500, an index of 500 stocks chosen for market size, liquidity and industry
grouping, among other factors commonly used benchmarks for overall U.S stock market.
Consequently, the beta coming from Dow Chemical is more sensitive than eBay to the benchmarks,
which implies the security will be expected significantly outperformed market when market is going
up and significantly underperformed when market is going down. Dow Chemical is an American
multinational chemical corporation, services including agricultural science, consumer solution,
infrastructure solutions, performance material & Chemicals, and etc. Being as one of the most
influential commodity company, Dow Chemical is affected by the world price of oil as well as its
competitors and is also plagued by currency fluctuations since products are exported to all regions
of the globe. For example, severe weather on August of 2010, resulting in big power cuts and
dramatic drop in whole market especially for commodity industry such as Dow Chemical. In
contrast, lower beta means less volatile to the market index, also may have lower returns for
investors. eBay is an e–commerce company, which is more rely on the online trading and
transactions in the globe. product turns less fluctuate in the whole market, especially compared with
current retailer companies, internet retailer
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Case: Dow’s Bid for Rohm and Haas
Why does Dow want to buy Rohm and Haas? Was the $78 per share bid reasonable? Why was the
deal structured as all cash?
Dow Chemical ("Dow") wants to acquire Rohm and Haas ("Rohm") for its strong operational and
strategic fit. When Liveris became Chairman and CEO of Dow, he shifted the focus to growth and
profitability by becoming an asset light producer of commodity chemicals and becoming a high–
valued–added producer of specialty chemicals and advanced materials. This combination is a step in
that direction that would bring together best–in–class products and technologies, broad geographic
reach, and strong industry channels for growth opportunities. Rohm would also expand Dow's
network into emerging markets and alter Dow's earnings ... Show more content on Helpwriting.net
...
Thus, if one completely removes the revenue synergies, as these are typically the most difficult to
achieve in comparison to cost synergies, the implied share prices fall right near the $78 bid price,
which makes it a reasonable bid.
The reason why it was structured as an all–cash deal was driven by the fact that 32% of Rohm's
shares wanted to sell substantially all of their shares within 1.5 years. Furthermore, Dow had a
potential cash inflow of over $7 billion in cash from the JV agreement, a $4 billion financing option
of 8.5% convertible preferred equity and $13 billion in bridge loans. When compared to the 8.5%
WACC, these options may potentially be less expensive than issuing equity.
What are the major deal risks inherent in this merger transaction? How and to whom does the
merger agreement allocate these key risks? (See, in particular, case exhibit 4.)
Some of the major deal risks inherent in this merger transaction are as follows. Dow will have to
make integration decisions that are absolutely critical to making the acquisition pay off through the
cost and growth synergies. Additionally, Dow agreed to a contract with no financing out, which
means that the offer is not contingent on Dow securing financing. Furthermore, the material adverse
effect clause stipulates that any adverse effect to the specialty chemical industry or the economy or
markets generally is excluded. Also, if the merger does
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Dow Chemical Company HW
Dow Chemical Accounting Homework
Dow Chemical Company is a manufacturer and supplier of products used primarily as raw materials
in the manufacture of customer products and services. Its product lines include chemicals, advanced
materials, agro–sciences and plastics businesses. Attached are the excerpts from Dow Chemical's
Annual report for 2012. Based on the information in the financial statements and footnotes, please,
answer the questions below. Assume a tax rate of 35%.
1. Which cost flow assumptions does Dow Chemical use to value its inventories?
Inventories are stated at the lower of cost or market. The method of determining cost for each
subsidiary varies among LIFO, FIFO, and average cost.
What is the value of inventories that ... Show more content on Helpwriting.net ...
LIFO liquidation may be due to company not purchasing any more inventory (the prices are too
high), and depleting its cheap inventory. When inventory costs are increasing, this results in higher
net income. Either involuntary (disruptions in supply) or voluntary (earnings management).
5. Suppose that Dow Chemical has no inventory left at the end of NEXT year (i.e., fiscal year 2013).
Would Retained earnings at the end of fiscal year 2013 under their existing accounting policy for
inventories be higher than, lower than, or the same as what it would have been had they used FIFO
as a cost flow assumption for all of their inventories? If different, by how much? Explain.
Same as RE if they used FIFO. Since there will be nothing left in inventory after the year, Dow
Chemical would be using same inventory (and therefore the same inventory price for COGS) in both
scenarios.
Also b/c LIFO Reserve = Cum. pre–tax income FIFO – Cum. pre–tax income LIFO = 0 => Cum.
pre–tax income FIFO = Cum. pre–tax income LIFO
How would your answer to above change if purchase prices for Dow Chemical's inventories are
expected to increase by approximately 50% in fiscal year 2013?
Would not change. The answer to this question is driven by the LIFO reserve in 2013, and, by
definition, that stays the same, at 0, regardless of how much inventory is purchased in 2013.
6. International Financial Reporting Standards do not permit the use of LIFO as a cost flow
assumption for inventory
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Summary Of Ineos US LLC
On July 1, 2015 at 11:51pm, Blount county dispatch received a call reporting that a CSX tank car
was reported to be on fire. CSX response personnel reported to the scene and found that one of their
trains had derailed and in the process toppled a loaded tank car of Acrylonitrile Stabilized. Damages
incurred to the tank car during the derailment resulted in product release and a subsequent fire. The
shipper, INEOS USA LLC, was notified utilizing CHEMTREC Report 2015–0702–00010
("Acrylonitrile, stable", 2017). While this particular incident is slightly outside of my community, I
found it very interesting upon observing recent rail shipments and noticed the rather common nature
of this item's movement. I then researched the chemical ... Show more content on Helpwriting.net ...
Per Environmental Protection Agency (EPA) guidelines, it is best during massive fire events to
withdraw from the area and let burn off take place ("NOAA", 2017). The points of interest that
made me choose this particular item are common interaction among general public, and what I
would perceive as a very trying response and ensuing recovery effort that would take place should a
large scale fire and/or spill take place. In a best case scenario, the chemical could be readily
identified allowing for a proper response by emergency responders, with proper precautionary gear
to protect themselves as well, and the evacuation of the surrounding area. However, it appears that
acts of terrorism are becoming better planned, rather than random, less detrimental incidents as past
history such as shoe bombers and such. Utilizing such a chemical in a discreet manner, rendering
identification difficult if not impossible, would provide rather substantial physical effects with all
the reactive, flammable, health, and incompatible issues that are identified with acrylonitrile alone,
much more so even when shipped with possible interactive components, and then the actual desired
traumatic emotional effects associated with acts of terror as well. The issues encountered by
... Get more on HelpWriting.net ...
Dow’s Bid for Rohm and Haas
Dow's Bid for Rohm and Haas 1.Why does Dow want to buy Rohm and Haas? Dow, a producer of
low–valued cyclical commodity chemicals, had future aspirations of being not only the largest but as
well the highest valued chemical company in the United States. Its strategy was simple: to be an
asset–light company with extremely high growth potential fuelled through advanced technology,
geographical reach, strong industry channels and an overall switch in to the advanced specialty
chemical and materials market. As a result when the option to purchase Rohm and Haas was put to
market Dow jumped immediately on the opportunity. Rohm and Haas brought with it mass amounts
of experience in the specialty chemical business, strong ... Show more content on Helpwriting.net ...
But Termination Fees §7.2a protects both parties from breaching the contract by the other party. II.
Risk of Solicitation Contractual Terms included: §5.3 No solicitation, §8.10 Third–Party
Beneficiaries As a attractive acquisition target, there are other buyers who are interested in Rohm.
Therefore, Dow faces the risk of other bidders who make better offers. §5.3 No solicitation limits
Rohm not to solicit other parties to competitive bid, therefore reduces Dow's risk. Also, §8.10
protects both parties by prohibiting any other person benefit from the merger. III. Risk from
Financial Side Contractual Term included: § 3.17 Fairness Opinion The fairness of the valuation of
Rohm is important to both Rohm's and Dow's shareholders. The financial evaluation is provided by
Goldman Sachs & Co, so Goldman Sachs & Co will be responsible for any mispricing effect. IV.
Risks of unpredictable circumstances Contractual Term Included: § 3.1 Material Adverse Effect
(MAE clause) The MAE clause protects buyer's interests by allowing the buyer to terminate the deal
under special circumstances and changes that had a material adverse effect on the target company's
business. However, it is extremely hard to define whether an event is under MAE or not. So in real
world, MAE clause does not necessarily protect buyer's benefits. In this case, the MAE actually
favors Rohm since the financial crisis affected the whole chemical industry and financial
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Bhopal Gas Tragedy
Bhopal Gas Tragedy – Who is responsible? It was a normal day in Bhopal – the heart of India.
Fathers coming back from work, mothers cooking dinner for the family, some kids studying and
most playing out in the gallis (small streets in India). After dinner they all go into their world of
dreams. Kids dreaming of their games the next day, pregnant ladies dreaming of the fast
approaching days when their babies would be born into this world, worker fathers dreaming of
saving more money for their kids' secure futures. What happened in the midst of that night is beyond
anybody's imagination. A poisonous gas leaked from a pesticide factory and covered the whole city
in its thick blanket of deadly gas. For many who slept that night, they never saw another morning.
You think that is bad? For a lot many who escaped death met with an even more pathetic future
when they were crippled for life – some went blind, some had major skin and lung diseases and
many had genetic deformation. And that's not even the worst. Even thirty years after the incident,
people are still facing the consequences of the gas leak. Many babies born suffer from genetic
disorders if at all they are not still born. God knows up to what generation this is going to continue.
It was around 1 am on the 3rd of December, 1986 that the world's worst industrial disaster took
place – now popularly known as the Bhopal Gas Tragedy – which "officially" killed more than
4,000 people and injured more than 500,000
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The Invention Of The Television And Internet
What exactly is remix? Remix is the creation of a new or derivative piece of art through the
alteration, modification, or transformation of elements of the original. A remix is a piece of art that
may have had items added, appropriated, or removed. Remix is everywhere and is nothing new in
public space. People have been doing it for hundreds of years by altering paintings and other artistic
art pieces. The advent of new technology and different forms of media have allowed people to remix
in entirely different ways, utilizing new techniques, materials, and ideas. The popularization of the
television and Internet has allowed digital forms of remix, previously impossible or only attainable
for a small niche of the public. Though Banksy, Electronic Disturbance Theater, and the Yes Men
group have taken advantage of digital forms of remix through different means, the Yes Men group
has remixed public space the best. Artists often put their work in the public domain or space, but
what exactly is that? Public space is just that, locations accessible to the public with the most
general being out on the streets, places accessible or viewable to anyone without discrimination.
They are visible to anyone who has the means of getting to the place, charges no fees, and is open to
everyone. This type of space encompasses sides of buildings exposed to the street, parks, and open
spaces such as plazas. Another type of public space includes privately owned public spaces. These
types of
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Bhopal Gas Tragedy
Bhopal Gas Tragedy Product – Brand name Sevin (Union Carbide) – Third most used insecticide
in US – Not fatal to people Carbaryl – Does not cause cancer Chemistry TLV = 0.02 ppm Methyl
isocyanate Methyl Isocyanate (MIC) Clear, colourless, b.p. 39oC, odour threshold 2.1 ppm Effects
of 0.4 ppm – Coughing – Chest pain – Breathing pain (dyspnea) – Asthma – Eye irritation – Nose,
throat, skin damage Effects of 21 ppm – Lung oedema – Emphysema (damage of lung tissue) –
hemorrhaging – bronchial pneumonia – death If you smell it, there is too much! 40,000 kg were
released in Bhopal on 3rd December 1984. Background 1970s – Indian Government invites UCC
to set up Sevin plant – Plant built in Bhopal to central location and ... Show more content on
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In such cases, should there be such a thing as limited liability? What more can UCC or Dow
Chemicals do? Should the Indian Government bear a substantial portion of the responsibility?
Should criminal cases be brought against local Government officials as well as Warren Anderson?
Responsible Care Direct Result of Bhopal Tragedy All major chemical companies signed on
Objective to make the chemical industry serve society better Responsible Care (Dow) Our
industry creates products and services that make life better for people around the world – both today
and tomorrow. The benefits of our industry are accompanied by enduring commitments to
Responsible Care in the management of chemicals worldwide. We will make continuous progress
toward the vision of no accidents, injuries or harm to the environment and will publicly report our
global health, safety and environmental performance. We will lead our companies in ethical ways
that increasingly benefit society, the economy and the environment while adhering to the following
principles: Responsible care (cont.) To seek and incorporate public input regarding our products
and operations. To provide chemicals that can be manufactured, transported, used and disposed of
safely. To make health, safety, the environment and resource conservation critical considerations for
all new and existing
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Ethics of Penn Square and Dow Corning Essay
Ethics of Penn Square and Dow Corning
Ethics of Penn Square Bank and the Dow Corning Bankruptcy Penn Square Bank: What were the
ethical pressures on the firm concerning documentation, credit extension, and revenue recognition
that lead to the final collapse? What should have been done to reduce or offset these pressures?
Penn Square Bank was a small commercial bank in Oklahoma City which made high–risk financial
loans during the late 1970s in the oil boom. The bank ultimately collapsed during the early 1980s
due to their financing practices. The bank was overestimating and valuing its customer's gas and oil
reserves that let at that time to fund a bigger credit line. In addition, the bank didn't request clients to
complete ... Show more content on Helpwriting.net ...
For offsetting ethical pressures to increase revenue recognition, the Penn Square Bank should have
stuck to FASB principles. The GAAP should have been complied with and this would have helped
avoid revenue recognition problems.
Dow Corning Corporation was founded in 1943 as a jointly owned enterprise by The Dow Chemical
Company and Corning Incorporated to develop the potential of silicone materials. Dow Corning's
principal businesses were silicone materials and polycrystalline silicon.
In the early 1960's Dow Corning supplied Texas plastic surgeons Frank Gerow and Thomas Cronin
with silicone for their medical implant device research. Gerow and Cronin, using Dow Corning
silicone, invented the first silicone breast implant as a device to aid women who had undergone
mastectomies. At that time, the Food and Drug Administration had no regulations governing
implantable devices. Companies like Dow Corning had to determine the safety of devices on their
own. The surgeons conducted clinical trials of the implant prior to product introduction in 1964. In
the next several years, the implant grew popular for cosmetic surgery as well as reconstructive, and
Dow Corning cornered both markets. Between 1960s and the mid–1990s, about two million women
nationwide have received breast implants, most of them for cosmetic reasons. However, some
women have started to complain that the implants have ruptured, allowing gel to leak into the breast
cavity and migrate to other
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Roller Coasters Good Or Bad
Roller coasters are the bomb. Would people still enjoy amusement parks if they knew the danger of
them? Roller coasters cause deaths and severe injuries. In one year, there's 350 injuries on roller
coasters. It's like an injury a day! Now, it's much rarer, because the technology is safer, but there's
always a slight risk. Inspectors notice that most injuries or deaths are from rides over twenty years
old. One coaster is less than 10 years old. Amusement parks are fun, but can be life threatening.
From 1987 to 1999, forty–two death documents were reported to the park health institute. Imagine
being at an amusement park. Smell the popcorn, and french fries. The loud carnival music, and the
screams of people on a roller coaster. Isn't it
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Dow Chemical Essay example
Dow Chemical
Topic: "Dow Chemicals"
I decided to construct my essay on Dow Chemicals (DC) Company after reading an article in
Business Week. Dow Chemical appears to be developing an aggressive market strategy that aligns
with our class topics, and that I have found very interesting. Dow Chemical (DC) company, over the
last seven years has built their strategy around and focused on their "niche", which is core chemicals
& plastics–manufacturing operations, while simultaneously reducing infrastructure debt, expanding
its market share, and apparently building new strategic alliances.
According to Dow Chemical CEO William Stavropoulos, The mission and goals of Dow Chemical
company is to be a world leader in chemical and plastics ... Show more content on Helpwriting.net
...
This may be why Dow Chemical chose to focus on its "niche" and divest $10 billion in unrelated
businesses. Dow Chemical then performed an Internal analysis to pinpoint its internal strengths and
weaknesses, and finally performed a SWOT analysis or a competitive comparison between Dow
Chemical and its external competitors to build upon their strength's in order to exploit opportunities,
counter threats, and also to shore up weaknesses. Dow Chemicals market maneuvers evidence the
application of Business–level and Global–level strategies, as well as consideration of stakeholders
profit levels. The Dow Chemicals Business–level strategy is indicated by the way it positioned itself
in the marketplace by extracting some elements of a Differentiation strategy and some elements of a
Cost Leadership Strategy to gain a competitive market advantage. By Differentiation strategy, I
mean to say that Dow Chemical elected to seek a competitive advantage by creating new innovative
products that their customer base considers to be unique and important, and maintaining a simple
organizational structure.
Dow Chemical has incorporated some elements of cost–leadership by adopting a decentralized form
of management, a more hands on control of day–to–day
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Research Paper On Love Canal
Luidigine Saladin Miss jacobus Biology 9th 26 january 2017 Love Canal A beautiful city, Niagara
Falls in the state of New York, ruined by irresponsible decisions of the city of Niagara Falls and The
so called " Hooker Chemical Company". Families suffered and died from several of diseases caused
by toxic waste that was place underground near homes and schools. Love canal caused millions in
damages. During 1978,in Niagara Falls a horrible tragedy happened. What had occurred was love
canal. Love canal is a toxic leaking dump with over 20,000 tons of chemical waste. Love canal
causes population's health effects,toxic chemical waste,and humans disasters. (Department of
health) Firstly, it is important to understand how the love canal was caused ... Show more content on
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In conclusion,the love canal will be forever remembered as "A horrific toxic leak"which many
people died from. The love canal seemed like any other neighborhood, the only thing that
distinguish that particular zone was how ¾ of the people that lived there have gotten ill. In addition
if the superfund wasn't created then their would of been a bigger crisis that would occur due to the
leaking toxics. The amount of people dying would of increases more and the diseases would of been
a bigger effect . Work site "Environmental Health." Jama 280.14 (1998): 1276. Web. Worthley, J. A.,
and R. Torkelson. "Managing the Toxic Waste Problem: Lessons from the Love Canal."
Administration & Society 13.2 (1981): 145–60. Web. "Department of Health." Love Canal. N.p.,
n.d. Web. 25 Jan. 2017. "Lessons from Love Canal: Toxic Expertise and Environmental Justice."
OpenDemocracy. N.p., n.d. Web. 25 Jan. 2017. "Department of Health." Love Canal: A Special
Report to the Governor & Legislature. N.p., n.d. Web. 25 Jan.
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Essay On Dow Chemical Company
rP os t
9–204–021
REV: MARCH 31, 2006
MIHIR A. DESAI
Dow Chemical's Bid for the Privatization of PBB in
Argentina
op yo On November 10, 1995, Oscar Vignart, vice president of business development for Latin
America for Dow Chemical Company (Dow), and Luis Marcer, CFO of Dow Química Argentina,
considered the bidding price on Petroquímica Bahia Blanca S.A. (PBB), which was being privatized
by the
Argentine government. PBB produced both ethylene and polyethylene. It was part of a
petrochemical complex located in Bahia Blanca, 700 kilometers south of the Argentine capital,
Buenos
Aires.1 Vignart believed that the acquisition of PBB offered Dow a once–in–a–lifetime opportunity
to become the leading polyethylene player in Latin America.
tC ... Show more content on Helpwriting.net ...
A plant for cracking ethane was estimated to cost $400 million to $500 million, a plant for cracking
naphtha
$1 billion.3 Roughly half of the world's ethylene plants, particularly those in gas–poor regions such
as
Japan and Western Europe, utilized naphtha. Plants in gas–rich regions such as North America and
the Middle East more frequently employed ethane from natural gas streams.4
No
tC
Large plant sizes and the need for economies of scale rendered the ethylene industry highly capital
intensive. Consequently, capacity additions or reductions could significantly affect balance of supply
and demand, influencing capacity utilization rates, prices, and profit margins. Ethylene profitability
was tightly linked to its global operating rate. Among the investors in the ethylene business were oil
companies, governments, pure chemical companies, conglomerates, private investors, and joint
ventures. According to UBS Warburg plc, financial return objectives ranged from loss leader to zero
return to beating the cost of capital. The loss leader or zero–return player was often a government
operator that was, directly or indirectly, financing capital–intensive ethylene plants in order to
stimulate downstream business. This was the case in Brazil, where the government sponsored a
"tripartite" model, in which private Brazilian capital, multinationals holding the technology, and the
government would each
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Great Butte Mining Research Paper
On June 8, 1917, one of the most devastating disasters in Montana took place. Over 160 miners
died, this disaster being the Great Butte Mining Disaster of 1917. It was truly a devastation... When
a fire–safety, electrical line was being installed, which would've been convenient five minutes later,
the weight of the line was unbearable, causing the line to drop down the shaft. Before plastic, wire
was insulated with oil soaked cloth. Ernest Sullau climbed through debris with a carbide lamp that
touched the oil soaked cloth, starting the fire. Ventilation fans stirred the fire up tremendously. Many
people know when wood and fire mix, bad things happen. Imagine the mine or an emergency
department calling your wife and saying, "Your husband has died from a casualty yesterday from
asphyxiation in the speculator mine in Butte, Montana", this was the kind of call wives around Butte
were receiving after this disaster. "I put my lamp too close, John." – Ernest Sullau (Quotes) The
person who started the fire, Ernest Sullau, said a he stood watching the fire burn and eat away at
hard–earned work. Over 160 miners died doing what (some of them) loved. Most death–themed
casualties happened from asphyxiation from smoke. The flags were at half mass that day, all of the
wars happening were forgotten because of this great devastation. The Speculator Mine made most of
the income, but when this great desolation happened, no other mine was as important as this one. In
all of the miners' families' hearts, this mine was made a family history story. So when they went to
bed, they lay there, ... Show more content on Helpwriting.net ...
"The Granite Mountain–Spectacular Mine Disaster" bigskyjournal.com/feature–article/granite–
mountain–speculator–mine–disaster [...] "Quotes about the Granite Mountain–Speculator Disaster"
http://mtstandard.com/news/local/quotes–about–the–granite–mountain–speculator–
disaster/article_d4e4af06–8dc1–5bd4–8841–361b01b788f7.html. 8 June, 2017. Accessed on 6
November,
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Dow Chemical Company
I decided to construct my essay on Dow Chemicals (DC) Company after reading an article in
Business Week. Dow Chemical appears to be developing an aggressive market strategy that aligns
with our class topics, and that I have found very interesting. Dow Chemical (DC) company, over the
last seven years has built their strategy around and focused on their "niche", which is core chemicals
& plastics–manufacturing operations, while simultaneously reducing infrastructure debt,
expanding its market share, and apparently building new strategic alliances. According to Dow
Chemical CEO William Stavropoulos, The mission and goals of Dow Chemical company is to be a
world leader in chemical and plastics manufacturing by developing new customer ... Show more
content on Helpwriting.net ...
This was achieved by reducing the workforce by 30 percent and eliminating seven layers of
management. The current management structure contains only five people between the most junior
employee and the Chief Executive Officer. Dow Chemical appears to have embraced a Global
Strategy, which is increasing profitability by reaping the cost reductions that come from experience–
curves and location economies and by expanding its market share outside of its home country. This
business savvy type of management approach seeks to penetrate a huge market availability, which as
global markets develop will gradually combine into just one market. In developing their mission
goals and corporate strategy, Dow Chemical has obviously considered both External and Internal
stakeholders and how strategic maneuvers would impact their ultimate goals. Examples of
stakeholder impacts are: External Stakeholders: – Customers: Provide the core of revenue,
especially in untapped markets overseas. – Suppliers: Provide input w/significant savings through
combined purchasing with Union Carbide Company and 13 other large companies. – Governments:
Significant reduced manufacturing restrictions and potential incentives to conduct business in
foreign countries. – Unions: Many foreign countries are not unionized, which could be a production
cost incentive. Internal Stakeholders: – Stockholders: Maximizing their Return On Investment by
expanding operations and gaining access to difficult markets. –
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Summary: The Flint Water Crisis
In April of 2014 Flint Michigan endured one of the deadliest crisis that hit the United States since
Hurricane Katrina. It was later called "The Flint Water Crisis", it made headlines everywhere
including hashtags on social media and it also got the the attention of celebrities which spread the
news all over. It also became one of the It was first said to be brought to the attention of the people
by their own Mayor, Dayne Walling, who decided that instead of wasting an abundance of money on
the high priced water filter (Maher and Mcwhirter, 2016). Using a local River in addition to them
building a new pipeline from Lake Huron, it was said to have saved millions of dollars to the
Midwest, with an estimate of $100,000 (Maher and Mcwhirter,
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dows bid for rohm and haas
1) Introduction
The case presents an American company Dow, producer of commodity chemicals, who is in the
final stages of acquiring another company Rohm and Haas. Dow's CEO has been working for four
years to transform Dow from a producer of low–value, highly cyclical commodity chemicals to a
producer of high–value, specialty chemicals and advanced materials. Rohm is a perfect match for
Dow in respect of the strategic and financial perspective. Dow is also pursuing another key deal
with Kuwait's Petrochemical Industries Company (PIC) that was supposed to generate $7 billion
cash net of tax which could be used to finance acquisition of specialty chemical maker Rohm &
Haas for $18.8 billion all cash deal. However, by late 2008, ... Show more content on
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We explore the Equity Value's sensitivity to the discount rate as well as to the projected growth rate.
This sensitity is shown in Table . Using the baseline assumptions (WACC=8.5%, growth rate=2%),
we arrive at a base equity level without synergies of $46.41 per share. However, this value is quite
sensitive to both the WACC and growth rates. The overall spectrum of base values ranges from
$27.75/share to $73.42/share, with the baseline assumptions falling squarely in the middle.
Table 4: Per–Share Equity Value without Syergies
Value of the Cost Synergies
To be able to recognize the cost synergies, Dow had to incur a one time cost of $1.3 billion spread
over two years. Dow also stated that it would take 2 years for them to fully recoginize the cost
synergies. We found that $800 million of cost synergies would be worth and additional $32.18 per
Rohm and Haas share.
Value of the Growth Synergies
Growth Synergies are estimated to be between $2B and $2.6B based on expanded market porfolios,
increased geographic reach and innovative technologies. We assume that these Growth Synergies
would also take two years to completely recognize. The equity value per Rohm and Haas share is
stated in the table below to view the difference between $2B and $2.6B:
Sensitivity Analysis
$ 2,000 $ 2,300 $ 2,600
Syn/Share
$ 5.90 $ 6.75 $ 7.67
Table 5: Per–Share Equity
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Dow Corning Case Study : Dow Corning When Their CRM Went...
This case study is telling some key factors that helped the company, Dow Corning when their CRM
went mobile. Mobile CRM increases sales productivity and improves relationships with customers
(O'Brien, 2011). Chip Reeves is the current director of marketing and sales processes but he used to
be a salesman. Chip Reeves had an advantage when selecting how to make the functions of the
CRM mobile device more likable and enjoyable for salesman being that he used to be a salesman.
Chip Reeves knows the information most salesmen want to get to quick and he knows the
importance of keeping the mobile device productive for them when working in the field with
customers. Many companies and CIOs are struggling to determine exactly how best to mobilize
critical applications that can bring measurable payback to the company but also limit the disruption
to and administrative headaches in their users' lives (O'Brien, 2011). Chip Reeves knows that
salespeople would rather be productive and make a sale rather than spend time logging unnecessary
things into a mobile device. Whit his gained knowledge of that fact, Chip Reeves made a point to
make all information on the CRM mobile device effective and access to more information.Chris
Reeves paid attention to the process pain points that a salesperson has and he made them simpler
and the process smooth. All information gained on the device is "need to know." Challenges were
had when implementing mobile CRM at Dow Corning but Reeves and his team
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Dow Chemical Company : An American Mnc Headquartered
The Dow Chemical Company commonly referred to as Dow is an American MNC headquartered in
Midland Michigan, United States. As of 2007 it is the second largest chemical manufacturer in the
world by revenue and as of February 2009 the third largest chemical company in the world by
market capitalization. It ranked third in the world by chemical production in 2015.
Dow manufactures plastics, chemicals and agricultural products. With the presence in about 160
countries, it employs about 54000 people worldwide. The company has seven different major
operating segments with a wide variety of products made by each one. Dow's 2012 sales today
approximately $57 billion. Most of its sales are to other industries rather than end users. Dow sells
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Mission
To passionately create innovation for their stakeholders at the intersection of chemistry, biology and
physics.
Vision
Maximize long term value per share by being the most valuable and respected science company in
the world.
Value
Integrity'
Respect for people
Protecting the planet
Bhopal Gas Tragedy
The Bhopal Disaster was one of the world's worst Industrial catastrophes. It occurred on the night of
December 2–3, 1984 at the Union Carbide India Limited pesticide plant in Bhopal, India. A leak
methyl isocyanate gas and other chemicals from the plant resulted in the exposure of hundreds of
thousands of people.
Estimates vary on the death toll. The official immediate death toll was 2259 and the government of
Madhya Pradesh confirmed a total of 3787 deaths related to the gas release. Other estimate 3000–
8000(Greenpeace) died within weeks and another 8000–20000(Greenpeace) have since died from
gas related diseases. It is estimated that 10 to 30 people continue to die from exposure every month.
According to the Indian medical research 25000 people have died from exposure since the initial
explosion.
The UCIL factory was built in 1969 to produce the pesticide Sevin using methyl isocyanine as an
intermediate. An MIC production plant was added in 1979. During the night of December 2–3,
1984, water entered a tank containing 42
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Essay about Internal Entrepreneurship at the Dow Chemical...
MILAN MOHANTY INTERNAL ENTREPRENEURSHIP AT THE DOW CHEMICAL
COMPANY Overview:– The Dow Chemical Company is the second largest chemical manufacturer
in the world in terms of revenue and in terms of market capitalization; it is the third largest in the
world (as of 20071). There was a steady growth of the market from the year 2002. But before that
the company faced a back drop in the profit margin. The company realized its growth in 2002 only
after merging with Union Carbi as the company's sells rose to $27.8 billion. Back in 1998, the
company faced the real down turn of the sale to $18.4 billion. Then, for 4 years continuously, the
company managed to keep the sales around $20 billion. In the year 2000, the company planned to
adopt a ... Show more content on Helpwriting.net ...
* Ian Telford, the European sales Director for EP&I can be considered as major pillar for the
strength of the company. His crystal clear goals and visions for the company established an efficient
procedure for the development of the company and his enthusiasm and the hunger for success
motivated its employees for a better team work with success keeping in mind. He was flexible with
his concepts and the strategy so that he can react as per the situation, which helped him to overcome
the hurdles which came in the way of his success. Weakness: * The company has to suffer
economical loss due to its cyclic nature of production. The production does not run at full efficiency
every time. This leads to the waste of energy, money and resources. * There was no transparency in
the price of EP&I products which can act as a hindrance in the market. No transparency of the
price can lead to a bad market status and thus leading to a heavy decline in the efficiency. * The
attitude and behavior of Ian may not be a big concern for the development of the company but it can
degrade the motivation which can degrade the strength and unity of the employees in the company.
This can lead to downturn of efficiency and shows the sign of immaturity. Opportunity: * The
management should consider a group of customers who solely wants product at low cost rather than
consignment or service. * The management should take
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Rohm & Haas
Executive Summary
Rohm & Haas recently introduced a new product, Kathon MWX, in order to exploit an untapped
portion (reservoir capacity under 1,000 gallons) of the biocide market. Even with limited
competition within this segment, Kathon MWX has not been able to produce its annual target
revenues, only capitalizing on roughly 6% of said target in a 5 month period. Large–scale
distributors, who exhibit the most buyer power and influence over end customers in the industry,
threaten manufacturer brand equity by relabeling all biocide maintenance products under their own
brands. Even though Rohm & Haas does not allow distributors to change the label on Kathon
MWX, the lack of end customer awareness for the manufacturer brands has ... Show more content
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The higher margin products also miss a benefit either in fungi or smell reduction. Why should Rohm
& Haas expect large volume sales and scale economies on the industry quality leading product when
it's offered on the dollar menu? The distributors operate a toll–booth and the highest bidder gets to
pass. Rohm & Haas needs a competitive value proposition that cannot be refused.
Evaluation & Recommendation
Little or no brand awareness of Kathon 886 currently exists. By rebranding Kathon MWX–– a brand
extension of Kathon 886, Rohm and Haas Brand does not add any value to the brand nor to the
positioning of the new product. We recommend that Rohm & Haas markets Kathon MWX under a
different name that better describes the product and by which customers can recognize it. We
suggest that that the new brand name suggests something about the benefits of Kathon MWX, but
more than a name is needed.
To develop brand awareness for the rebranded MWX among end customers in the short–term, the
company can continue its current strategy of pursuing distributors and have them include the new
brand name with the package. However, the strong sell comes from raising prices (and margins) to
distributors (see exhibit #2). Rohm & Haas can inherently raise its prices to a competitive level,
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The Integrative Model Of Organizational Behavior
Organizational commitment is one of the two individual outcomes derived from individual
mechanisms like job satisfaction, stress, motivation, trust, justice, ethics, and learning and decision
making. These mechanisms and outcomes can be found on the integrative model of organizational
behavior (OB). Colquitt, LePine, and Wesson defined organizational commitment in their
Organizational Behavior 5th Edition book as the desire of an employee to remain a member of the
organization (p 64).
Being committed to an organization and going through different commitment stages is something
that I personally experienced at my job. For the past four years, I have been working at Dow
AgroSciences LLC legal department. I started there as a high school Co–Op and continued an
employment with this company throughout college up to present time.
Reviewing types of commitment, I can tell that I experienced all three of them through different
stages of my career at Dow. During my first two years, I definitely felt an emotion–based affective
commitment, which defined as the desire to stay with the company due to an emotional attachment
to the organization and its employees. With this commitment, employees stay because they want to
(65). I was hired with two of my friends from high school, so be able to work with them and
building closer relationships was a big emotion–based factor. Other factors that made me want to
stay there was the professional atmosphere, flexible work hours, friendly coworkers, goal–driven
job duties, and supportive supervisor. Having co–workers that thank me for everything I do,
motivates me to do my best at all tasks and built a desire in me to exceed others' expectations
through my performance.
In the past two years, my commitment type slightly shifted to the continuance and normative
commitment. Because two of my friends left Dow and ratio of tasks challenge and my educational
growth has not been balanced, I do not feel as motivated and interested in the work as I was in the
beginning of my career. Going through the Kelley School of Business helped me to acquire
knowledge and skills that exceed my job tasks skills level. Unfortunately, this creates boredom and
assists with withdrawal behavior.
The
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DOW CHEMICALS
9 – 2 0 1– 0 3 3
REV. AUGUST 6, 2003
GEORGE CHACKO
PETER TUFANO
Diageo plc
Ian Cray, Diageo plc's Treasurer, looked out of his office window onto the busy streets of London in
October 2000. The London–based consumer goods company Diageo had recently announced its
intention to sell its packaged food subsidiary, Pillsbury, to General Mills. Earlier in the year, Diageo
also announced its intent to sell 20% of its Burger King subsidiary through an initial public offering
during
2001, to be followed by a spin–off of the remainder of Burger King after December 2002. If these
transactions took place, the firm would be focused exclusively on the beverage alcohol industry. As
Diageo's business was restructured, it was an opportune ... Show more content on Helpwriting.net ...
The firm was organized along four business segments. The largest was the Spirits and Wine
business, which produced and marketed a portfolio of beverage alcohol such as scotch, vodka, gin,
and tequila. Diageo's brands included Johnnie Walker, Smirnoff, J&B, Bailey's, Gordon's,
Tanqueray,
Cuervo, and Malibu. This division was not only the biggest (with revenues of £5 billion and the
leading market share in the U.S. and U.K. markets) but also the fastest growing of Diageo's
businesses, with sales growth of 8% for the year. More than 70% of sales and sales growth came
from the Europe and North
America markets. This segment enjoyed the largest profit margins of all of the segments, with 15%
operating margins and growth in total operating profits of 15%. The high levels of operating profits
reflected Diageo's strategy of concentrating on premium brands and pricing. (Exhibits 1 and 2
contain historical financial information for Diageo and its business segments.)
Diageo's second largest division was Guinness Brewing, which produced and sold beer to markets
around the world. This segment, while substantially smaller in sales than the Spirits and Wine
Division, was a close second to it in terms of operating profit growth rate. Due to the similarity in
the products and distribution channels for these two businesses, Diageo was
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Who Founded Dow Chemical Company
Who Founded Dow Chemical Dow Chemical Company, and American Chemical and Plastics
manufacturer is one of the globe's prominent suppliers of chemicals, plastics, synthetic fibers, and
agricultural products. Dow Chemical was originated by Chemist, Herbert H. Dow, of Midland in
1897. Dow was to support Midland Chemical Company in 1890 and the Dow Process Company of
1895(Dow Chemical Company, (2012)).
What is a SWOT analysis? What does a SWOT analysis deliver in regards to organizations; it is a
tool that categorizes the strengths, weaknesses, opportunities and threats of an organization? Once
the SWOT is completed, it can determine what the firm can do in completing its objectives and what
other accomplishments it can achieve to ... Show more content on Helpwriting.net ...
Diversified product portfolio Dow will deliver a set of various business segments. It happens to
make over 3,100 products: products such as chemical, plastic, and agricultural, that serve buyer
markets. Other products include transportation, food, personal and home care with business
construction. The organization also provides diversified set of offerings through its various business
segments. In calculation to the expanded product portfolio, the organization has varied profits
streams as well (Datamonitor, 2011). For example, in the financial year 2007, the organizations
largest corporate division, performance plastics, accounted for 28.2% of the total profits. Expanded
actions and widespread product collection permits the organization to entice a lengthy purchaser
base and decrease its business threat.
Strong R&D capability
With a strong research and development ability, Dow will conduct simple and functional study to
create new creations and to expand the former products and processes that are already in place. This
organization is an employer to over 6,100 individuals in different research and development
activities. With Dow spending $1, 305 million in R&D, in 2007 with the entire turnover of the
organization, including the company's R&D in past years were chronicled at $1,160 million in 2006
and $1,073 million in 2005 (Datamonitor, 2011) . Furthermore Dow has a considerable quantity of
licenses and additional technology
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The Tragedy Of The Bhopal Chemical Leak
In today's society of industrialization, a few disasters may occur due to irresponsibility. Such
disasters can range from an insignificant aspect to something absolutely detrimental. Chemical leaks
are a rather harmful accident, especially in industrialized factories. This was the case in 1984 when
Union Carbide's safety mechanism failed to detain three tanks of Methyl Isocyanate (MCI for short).
As a repercussion, a massive chemical leak of white fog polluted the city of Bhopal's atmosphere
within a moment. The tragedy of the Bhopal Chemical Leak leads to the world's curiosity of what
happened on that day, why exactly chemicals– such as Methyl Isocyanate –are dangerous, and
where the city of Bhopal stands as of today. Devastation struck ... Show more content on
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Could it be because of poor management at the plant? What if the construction of the corporation
was a horrendous location for the plant to operate? Before the matter of what happened is
approached, it is important to understand the decline of the factory. According to a site entitled "The
Bhopal Medical Appeal", it was recorded that the manufacturing of the factory was unregulated
even from the beginning. For instance, the company's downfall was due to a failed achievement of
profiting off of Indian farmers. With the farmers being poor and suffering through a lack of water,
Union Carbide's dream of hitting big withered away slowly. It was not until the 1980s when Union
Carbide decided to ultimately shut down production at the factory3. Although the company
abandoned the plant, Union Carbide decided that the factory was safe enough to vacate. To add,
Union Carbide heavily trusted the safety mechanism installed for the purpose of there ever being a
chemical leak. The corporation felt no threat towards a potential failure of the equipment. However,
three tanks full of Methyl Isocyanate remained untouched as well as a removed flare tower. Also, a
shut–off safety contraption lingered inoperable containing a scrubber, a refrigerator, and a water
curtain3. On the same night of December 2nd, a maintenance employee visited the dilapidated plant
to check on the safety equipment. One pull of the tarnished pipe sent
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Essay about Dow Chemical Case
Dow Chemical Case Question 1 Polyethylene is the world's most widely used plastic. Polyethylene
plastic's principal application was in packaging, from trash bags to milk jugs. It was widely used in
the manufacture of everything from trash bags, picnic cutlery and garbage pails, to plastic toys.
Polyethylene also replaced glass, wood, and metal in certain applications. There were three types of
polyethylene, Low–density polyethylene, High density polyethylene and Low linear density
polyethylene. Polyethylene produced from ethylene. Ethylene is produced from oil or natural gas.
Ethylene plants separated either naphtha molecules (derived from crude oil) or ethane molecules
(derived from natural gas). The ethylene derived from this ... Show more content on Helpwriting.net
...
The expansion of its polyethylene capacity in Bahia Blanca would require the company to build a
world–class competitive cracker (stage 3). Doing so would nearly triple PBB's ethylene capacity.
Therefore, Dow had to not only consider what to bid for PBB in the privatization, but also develop
an overall plan for the development of Dow's polyethylene business. Dow had to incorporate the
terminal value of each stage of the project. Question 3: The followings are the arguments that
support the acquisition of PBB: 1. The whole project will increase Dow shareholder's wealth. As a
public company, the first aim of the management team is to increase the shareholder wealth. The
project proposed by the management team is definitely consistent with this goal. And bidding on the
PBB is the first stage of the whole project. The exact increase in shareholders' equity may be various
at this point as it depends on lots of other factors ( we will discuss the risk of valuation thought the
whole case.), but in general, the management team is confident in the future outlook. 2. The other
important strategic purpose of acquiring PBB is that it is the first stage towards consolidating all
Bahia Blanca's polyethylene activity under Dow's control. The 3–stage project will make Dow to be
the leading company of polyethylene in Argentina, even in Latin America because of its MNC
background. This will have
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Human Rights and Case
1. Title of the Case: ABBOTT LABORATORIES: DRUG PRICING CHUTZPAH
2. Statement of the Problem: * Is the increase of the anti–AIDS drug Norvir by Abbott justifiable?
3. Statement of Relevant Facts from the Case i. The company (Abbott) raised its anti–AIDS drug
Norvir by 400 percent unless the product is used in conjunction with other Abbott products where
there will be no price increase. ii. Norvir is generally too toxic for safe use as a protease inhibitor
however works well as a booster to increase the efficacy of other protease inhibitors however the
price increase of Norivr does not apply when the product is used as a booster with another of
Abbot's protease inhibitor product Kaletra. iii. Price ... Show more content on Helpwriting.net ...
vii. Together with the increase in price, the company also showed an action that gives unhealthy
competition in which it wants that its products would be cheaper than the others. viii. Novir is priced
more expensive compared to other countries whose income is higher than United States. ix. The
negative impact of the increase is amplified to those who have low income.
8. Significant Ethical and Moral Issues and Implication of the case (5) x. Government –funded
inventions should be priced at a reasonable term as Bayh–Dole Act stated in which case is not
followed. xi. A health products which price is increased at 400% is outrageous especially it is a life–
or–death AIDS drug. xii. This move of increasing the price makes the customers in a tight spot
especially those who are in a life–or–death situation. xiii. The drug was invented on a grant from the
U.S. federal government which means that the money on inventing the drug came from the people.
This is a double payment of the citizens of U.S. xiv. The company doesn't think of the situation of its
customers and only decides where the company has the upper hand.
1. Title of the Case: AIG: DEFERRED PROSECUTIONS ON THE RISE
2. Statement of the Problem * Are deferred prosecution part of the problem or part of the solution?
3. Statement of Relevant
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The Disastrous Effects of Human Invention Essay
In the modern world, we as despicable humans have consumed the most raw materials of
all the living organisms of Earth. We also have produced the most waste of all the living
organisms of Earth. From food scraps to plastics to carbon dioxide, we have polluted this planet
to its limit. The existence of the human race has turned our home into a giant landfill. Of the
many pollutants we put into the environment, one type stands out: plastics. Plastic was created to
be a convenient and cheap material for domestic use, but it has caused many problems like the
deaths of animals and the contamination of soil and water. One specific type of plastic that has
affected the community is polystyrene. Polystyrene, more commonly known as ... Show more
content on Helpwriting.net ...
One
company in particular, Dow Chemical, was the leader in polystyrene and fueled the high demand
during WW2.) When the use and production of polystyrene boomed during WW2, polystyrene
was being used in items from radio transmitters to plastic bottles. Later in the 1950s Dow
Chemical Company scientist, Ray McIntire invented the material that changed the world of
plastics, the material we all know a Styrofoam, Ray McIntire invented Styrofoam from the then
common material polystyrene by, "Combining styrene with isobutylene, a volatile liquid, under
pressure. The result was foam polystyrene with bubble, 30 times lighter than regular
polystyrene" ( Bellis 2).This material quickly caught on as an insulator. Also this new interest in
Styrofoam lead to more research in polystyrene
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How Dow Chemical Could Benefit From The Acquisition Of Dupont
Acquisitions and mergers is the growth strategy of many companies today. Sometime a company
may decide to buy shares in another company while other times a company may decide to acquire
the whole company. This paper discusses how Dow Chemical could benefit from the acquisition of
DuPont. It will also cover the various accounting methods used.
Introduction to Dow Chemical and DuPont Dow Chemical was founded in 1897 and became
incorporated in 1947. Dow Chemical is an integrated science and technology company which
produces chemicals, advance materials, agro–science and plastic products. All Dow facilities are
technology based operations and provide services to 180 countries. Dow Chemical 's low costing
operations and ... Show more content on Helpwriting.net ...
DuPont has 6 major segments which include Agriculture, Electronic Communication, Industrial
Biosciences, Nutrition and Health and Performance Material and Safety. 54% of DuPont 's
agriculture sales are outside the United States. DuPont is one of Dow 's major competitors
worldwide and is the second largest chemical company in the United States [E I du Pont, 2015] and
[Investor Relations, 2015]. DuPont has been facing several challenges over the past year. A recent
Wall Street Journal article outlines the challenges DuPont is dealing with as a decline in sales and
disagreements amongst shareholders. DuPont is blaming much of their troubles on the increase
value of the U.S. dollar and foreign currency translations. Shareholders believe that now is the time
to streamline their processes and spin off DuPont into 4 different companies [DuPont Forecast,
2015]. Financial Statements retrieved from Market Watch support the articles claim that DuPont
sales are declining. DuPont has seen their sales growth decline to a negative 2.87% and their cost of
goods sold growth decline to a negative 16.65% [DuPont Financial, 2015].
Dow 's Strategic Plan Dow Chemical is known best for acquiring other companies. In October, 2014
Dow formed a joint venture with Univation Technologies, LLC by purchasing ExxonMobil 's shares
of this company. Exxon Mobile is also a major competitor of Dow. Acquisitions have allowed Dow
Chemical to diversify their product line and
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Dow Chemical Business Analysis
Dow Chemical – Business Analysis Part 2 Cherry Fugate–Lange Management 521 June 7, 2012 Dr.
Albert Smothers Dow Chemical – Business Analysis Part 2 Historically, the chemical industry has
operated in a competitive environment, which is not anticipated to change. Dow experiences
significant competitions in each of its operating segments as well as in each of the geographic areas
in which it operates. Dow competes globally on the foundation of quality, technology, price, and
customer service and operates in an integrated manufacturing environment. Basic raw materials are
processed through many stages to produce many products that are sold as finished goods at different
points in the process. Dow has two major raw material streams ... Show more content on
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BASF serve customers and partners in almost every country in the world. In 2011, BASF posted
sales of $73.5 billion. (BASF web site) BASF's Liquidity ratio is a follows: Current Assets = 27,088
million Current Liabilities = 16,447 million Liquidity ratio = 27,088/16,477 = 1.64 BASF has $1.64
of current assets for every $1.00 of current liability. The current ratio should be at a 2 or greater to
be considered a safe risk; however, BASF is a reputable global organization considering the
investment to be a safe risk. (Nickels, McHugh, & McHugh, 2010, p. 20–21) BASF's Acid–test
ratio is a follows: Cash = 2,048 million Accounts Receivable = 10,886 million Current Liabilities =
16,477 million Acid–test ratio = 2,048+10,886/16,477 =. 78 BASF has a .78 acid–test ratio. The
ratio needs to be between a 0.05 and 1.0 to be satisfactory. The acid–test ratio determines whether an
organization has enough short–term assets to cover immediate liabilities without selling inventory.
(Nickels, McHugh, & McHugh, 2010, p. 20–21) BASF's ratio is in line and right where it
should be; furthermore, considered satisfactory in regards to this measure. BASF's Debt to owners'
ratio is as follows: Total Liabilities = 35,790 million Owner's Equity = 25,385 million Debt to
owners' ratio = 35,790/25,385 = 1.41 or 141% The Debt to owners' ratio should be
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A Brief Note On Dow Chemical And Industry
Q7 From Q6, all regressions models ran by Single Index Model, a model helps to split a security's
total risk into unique risk and market risk, α is the intercept of the single index model in which
evaluate the expected excess return of the security , and β is the security's sensitivity to the market
index, while e represents the unsystematic risk of the security:
Basic statistics ran from Q6 given as follow with the average industry performance: EBAY
INDUSTRY α 0.025 0.162 β/raw β 1.155 1.441
R^2 0.375 0.294 Table1:Comparison between eBay and Industry DOW CHEMICAL INDUSTRY α
–0.026 –0.306 β/rawβ 1.562 1.418
R^2 0.610 0.308 Table 2: Comparison between Dow Chemical and Industry DOW CHEMICAL
EBAY α –0.026 0.025 β 1.562 1.155
R^2 0.610 0.610 Table 3: Comparison between Dow Chemical and eBay
Data analysed from regression give the beta as 1.56, and intercept as –0.026 for Dow Chemical, and
for eBay is 1.15, 0.025 respectively. As stated by the Beta Screen(Bloomberg), those betas are
identical, likewise R–square, and alpha defined by the same historical data from 2010 to 2014.
Additionally, the relative analysis in the RV screen from Bloomberg, indicates that the raw beta,
alpha, and R–square almost the same with regressed one
Compared with the results from Dow
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Dow’s Expansion into Nuclear Weapons and the Aftermath Essay
Dow's Expansion into Nuclear Weapons and the Aftermath
Rocky Flats Plant, a nuclear weapons production facility managed by Dow from 1951 to 1975,
produced plutonium triggers for hydrogen bombs. A number of accidents took place under Dow's
management during this period. In 1957, radioactive particles were released into the atmosphere due
to the burning of plutonium dust by a fire in the facility. In 1967, 3,500 barrels (560 m3) of
lubricants and solvents, laden with plutonium, leaked into the ground. Another fire took place in
1969 and it was the costliest industrial accident in the USA up to that time. Finally, Rockwell
International took over the management of the facility in 1975.
In 2008, a federal judge ordered Dow and Rockwell to pay ... Show more content on
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The original product wasn't so hot – if the gooks (Vietnamese) were quick they could scrape it off.
So the boys started adding polystyrene – now it sticks like shit to a blanket. But then if the gooks
jumped under water it stopped burning, so they started adding Willie Peter (white phosphorus) to
make it burn better. It'll burn under water now. And just one drop is enough; it'll keep on burning
right down to the bone so they die anyway from phosphorus poisoning."
Agent Orange was another of the Dow's horrific innovations. This time it was with another
company, Monsanto with Dow being the principal manufacturers. Agent Orange, a chemical
defoliant containing dioxin, was used during the US military's chemical warfare in Vietnam. US air
force planes bombed jungles and paddy fields with Agent Orange to destroy forest cover and food
crops used by the Vietnamese resistance and villagers. The defoliant which was poison in itself was
also contaminated with dioxins which caused serious health effects in generations of humans. In
2005, a lawsuit was filed by Vietnamese victims of Agent Orange against Dow and Monsanto Co.
The lawsuit was dismissed whereas, Dow settled for $180 million with 4,000 American veterans
exposed to the herbicide during the Vietnam War in 1984. The Vietnamese victims are still waiting
for justice to be delivered.
Dow has misused its knowledge
... Get more on HelpWriting.net ...
Value Management
Student ID: 15672856
PROCUREMENT PERFORMANCE AND VALUE MANAGEMENT
INTRODUCTION
To realize the success of a project, the value must be attained through the core objectives and goals
of the project to the stakeholders. This could be achieved by using the right processes throughout the
project life cycle.
VALUE MANAGEMENT
Value Management (VM) is a well structured or established process that is used for defining and
maximizing value of money (OCG, 2007 p.3). It is applicable to all sort of projects regardless of
being big or small and the duration and it runs throughout the project life cycle from the inception to
completion. Its benefits have been found to be efficient and effective when an external facilitator
being a consultant or ... Show more content on Helpwriting.net ...
al., 2011).
EXAMPLE FROM PUBLIC SECTOR
Value Management was applied in the California Department of Transport (Caltrans) when Anthler's
Bridge Crossing was being re–constructed by saving £7million and increases its traffic operation
performance by 19%. This has aided in solving the problem of transportation from the previous
constructed bridge and its traffic congestion and reduces life cycle cost to maximize project
performance (OGC, 2007 p.39)
EXAMPLE FROM PRIVATE ORGANISATION
The Dow Chemical Company over the last four years has developed a vision, functional systems,
and tools, for the 'value management' of its Intellectual Assets (IA). This initiative has developed
some competencies in the area of 'measuring and valuing' IA, and in developing systems that
support the leveraging of IA for maximum value (Petrash, 1999)
CONCLUSION
In conclusion, PM's must ensure alignment of value management and procurement performance
management to have effective procurement process since the two are correlated. Implementing these
two concepts reduces waste and defects, increases production efficiency, reduce cost and also help
in decision making.
REFERENCE
Capital Development Guidelines, (CDG) (2010), Value Management [Online]. Available from
http://www.capital.dhs.vic.gov.au/capdev/PlanningEvaluation/ValueManagement/ (Accessed: 18
June 2011)
Knudsen, D. (1999), Procurement Performance Measurement system [Online]. Available from
... Get more on HelpWriting.net ...
Essay on Use of DBCP and Relation to Infertility
Use of DBCP and relation to infertility
Dow produced DBCP (1,2–dibromo–3–chloropropane), a soil fumigant, and nematicide, which was
sold under the names the Nemagon and Fumazone until the late 1970s. US banned DBCP in 1979
after it was linked to human sterility in California. But, Dow and three other companies continued
producing the hazardous pesticide DBCP for years after it was banned and exported it to developing
countries.
Animal testing had revealed that the product caused male sterility in rats and the companies knew
about it at least since the 1960s, but concealed this information. They also neglected to report the
related findings of reduced sperm and atrophied testicles of rabbits and monkeys in the information
submitted for ... Show more content on Helpwriting.net ...
The company, however, continued to market Dursban in developing countries, including India and
claimed it was safe for humans and pets. In 2003, Dow agreed to pay $2 million – the largest penalty
ever in a pesticide case – to the state of New York, in response to a lawsuit filed by the Attorney
General to end Dow's illegal advertising of Dursban as "safe".
Acquisition of Union Carbide
The Bhopal Disaster of 1984 was the worst industrial disaster in the history of the world. It was
caused by the accidental release of methyl isocyanate (MIC) from a Union Carbide India, Limited
(UCIL) pesticide plant located in the heart of the city of Bhopal. UCIL was a joint venture between
Union Carbide and a public/private consortium of Indian investors. The MIC leak killed thousands
outright and injured anywhere from 150,000 to 600,000 others, at least 15,000 of whom died later
from their injuries. The contamination due to the leak is still active and no cleanup has been done till
now.
Despite the involvement of Union Carbide in a criminal case in India, location of the plant in the
heart of the city and the disaster site still not cleaned up, Dow bought Union Carbide in 2001. The
transfer of ownership led to complicating the issue of cleaning up the plant and its environs of
hundreds of tonnes of toxic waste, which has been left untouched. Environmentalists have warned
that the waste is a potential minefield in the heart of the city, and
... Get more on HelpWriting.net ...
Case Study Of Bhopal Gas Tragedy
HAZARDOUS CHEMICAL PROJECT December 2nd of 1984 marked the eve of one of the
world's most extensive and deadliest industrial disasters, known now, thirty years later, as 'The
Bhopal Gas Tragedy' or 'The Bhopal Disaster', among others. Essentially: between twenty–seven
and forty tons of methyl isocyanate gas and other assorted chemicals leaked from a tank at a plant
owned by Union Carbide India Limited (UCIL), the Indian subsidiary of the American company
Union Carbide Corporation (UCC), itself a subsidiary of the Dow Chemical Company (Eckerman).
This catastrophic failure followed the introduction of water into an MIC storage tank, which caused
an explosive chain reaction (Dhara). The chemical cloud produced by the reactions, which the
plant's ... Show more content on Helpwriting.net ...
The plant's placement (near a densely populated area) was noted as hazardous years before the
tragedy, but UCC insisted on the location. The planning board's motivation for their insistence was
primarily that it was cheaper to build using a pre–existing plant in the non–ideal location as a basis
rather than building an entirely new plant in the more thinly populated area the Bhopal government
had designated for hazardous industry (Eckerman). Had the plant been built in a more sparsely
populated area, casualties and damage from the gas leak might have been drastically reduced. The
tragedy might have been completely averted had UCC opted to use the more expensive production
process (obviating the need for MIC) instead of the cheaper, more dangerous process (as discussed
above). More economies were taken with the safety and security systems (Eckerman), which,
properly installed and maintained, might have kept the tragedy from happening or lessened its
effects; although the company maintained at first that the Bhopal plant was equipped as well as were
its plants in other countries, UCC later admitted that the safety equipment in the plant was subpar
... Get more on HelpWriting.net ...
Summary : Dow Chemical And Dupont
Cybersecurity Background Summary
On June 28, Dow Chemical and DuPont stated provided an update to their much anticipated merger
agreement of both companies, which will occur sometime in August 2017 (DuPont, 2017). This will
surely prove a challenge as this will be a massive worldwide merger, as both companies employ
personnel on a global scale. Not only will it this merger be a personnel challenge, but a challenge for
cybersecurity as well. As companies begin to expand, and technology merges more fully into the
workspace cybersecurity becomes more of a challenge that must be faced.
Computer and cybersecurity go hand in hand in today's evolving business world; if neither of these
things are done well, a business has the potential of ... Show more content on Helpwriting.net ...
When information is initially placed into a user's computer, it must somehow be routed, and the
various layers of the Internet allows for this to occur. One can think of an example of a person
sending a package and using the services of a postal carrier to think of how data is carried through
on various networks and its levels.
The Internet is a wonderful place, but it can also be incredibly scary as it was initially designed to
share information and not necessarily to ward against those that would do harm against others. In
today's ever evolving work place, something as simple as network patching can reduce the
company's attack surface up to 70% (Stewart, 2017). Overall, a company must become more
proactive in their thought process. It is no longer about the possibility of an attack occurring, but
more than likely the 'when' of a cyber–attack occurring to a business. In addition to keeping up with
patches, a company should have security products installed such as firewalls, anti–virus programs,
or anti–malware software in order to block or contain threats if they do get through.
Lastly, many cyber incidents start with human error; in tests done by the firm Critical Defense (the
firm does post–breach forensic investigations), the executive vice president stated that 75% of the
time, "we tricked end–users into doing something they should not have done, like click a malicious
link, enter a user
... Get more on HelpWriting.net ...
Corning Glass Company Case Study
Corning Glass Company is an old company founded in the US, specifically in Massachusetts that
manufactured glass, ceramic, and related materials usually on an order basis, which means it did not
had a determined market other than satisfying particular demands from its customers and taking
opportunities manufacturing Original Equipment for larger companies. Corning Glass was
established in Corning, New York in the mid 1800s. Corning Glass's operations were in Corning but
as the company grew they opened plants and sales offices throughout the country. By 1968, most of
their 40 plants were located east of the Mississippi River. Most of them were headquarters but two
of their major divisions were in Corning. (Beer, M. 1983)
The Electronic ... Show more content on Helpwriting.net ...
For that and other reasons they started to reduce personal and expenses sharply, and problems
between departments were everywhere. Each department had something to claim about the others;
the lack of communication, confident and trust became the main reason of the uncomfortable
situation. The business continued to be very competitive, morale was low and there were conflicts
between workers and departments. The organization was not pulling things together and the lack of
coordination was affecting their ability to develop new products. (Beer, M. 1983)
One of the most complicated issues was in the Marketing department, but they were not the only
ones with some difficulties. Sales blamed finance of the lack of information about the goals,
manufacturing blamed sales of giving their products away at too low prices and marketing of not
planning correctly in order to obtain the highest profits possible. There were rumors everywhere,
some people said that Product Development's priorities were wrong and their projects were always
late, but at the same time Marketing was irritated about the lack of collaboration and the negative
attitude form Manufacturing. Every department was in chaos during those days and Mr. Joe Bennett
had the responsibility to fix it. (Beer, M. 1983)
This crisis was mainly generated from the following causes:
Low Quality Management: Joe Bennett redesigned the whole company, by changing the structure,
relocating the headquarters and
... Get more on HelpWriting.net ...

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Dow Chemical Case Study Essay

  • 1. Dow Chemical Case Study Essay Dow Chemical Case When Petroquímica Bahia Blanca S.A. (PBB) began the process of becoming privatized by the Argentine government, Dow Chemicals saw the acquisition of this company as a golden opportunity to become the leading polyethylene player in Latin America. Dow Chemical's was already a major player in the chemicals (ethylene), plastics (polyethylene), and agricultural products industries holding position as a low–cost producer. Breaking each segment of their business down into these categories respectively, Dow Chemicals was able to generate annual revenues of 20.2 billion making them the leader in market position worldwide for some chemical product lines accounting for 7% of global capacity. Dow embraced a strategy ... Show more content on Helpwriting.net ... The Polyethylene industry is driven by demand in innovation of new packaging, raising living standards and growing populations in emerging markets. The demand in end user markets for products that are produced for commercial use by Polyethylene. Polyethylene represented approximately 15% of Dow's total sales and 35% of its operating profit. Dow was the worldwide leader in production accounting for 7% of the global capacity for the production of ethylene and polyethylene. Dow Chemical was looking for expansion opportunities in the South American market. In 1995 the opportunity arose to become apart of the regions ever growing polyethylene market with in Argentina. Argentina's economy opened up with the elimination of all duties, Charges and other restrictions in the trade between the members of Mercosur, a trading bloc created in 1991 which included Argentina, Brazil, Paraguay and Uruguay. The petrochemical producers in Argentina will now be competing with the much larger and advanced Brazilian petrochemical producers. This caused a big disadvantage for Argentina's largest government controlled polyethylene plant PBB(Petroquímica Bahia Blanca) complex whose technology and scale was no longer in line with international standards. So the Argentine government decided to privatize the plant. Dow chemicals vice president for business development in Latin America, watch the rapid transformation occurring in Argentina. He watched the improved standard of living in ... Get more on HelpWriting.net ...
  • 2.
  • 3. Mckinstry Advertising Agency McKinstry Advertising Agency You are the president of the McKinstry Advertising Agency, a medium sized firm that specializes in preparing the marketing strategies, performing the market research studies, arranging the distribution channels, and designing the advertising and promotional materials for industrial companies that have developed "off–shoot" consumer products. You obviously serve a very specific niche. Your clients are industrial companies– that is, they sell primarily to other manufacturing firms and government agencies– that have developed– as unintended outcomes of their R&D programs– products for the retail trade. Dow Chemical Company, while not a client of your agency, is an almost ideal example of this type of firm. ... Show more content on Helpwriting.net ... In summary, it cannot be said that exact cause of most severe traffic accidents are known with certainty but it is believed that speeding and drinking, jointly or separately, play some role in the events that lead up to those accidents. Also to blame, in many instances, are the design of the highway, the condition of the weather, the maintenance of the vehicle, the time of the day (many severe accidents occur at dusk, with poor lighting and tired drivers), and the presence of radar detectors. A study by the Ohio State Police found that radar detectors were present in at least one of the vehicles involved in 69% of all severe traffic accidents on the highways of that state in 2005. Studies in other states have confirmed that finding, with some estimates of the relationship running as high as 75%. The use of radar detectors is illegal in many if not most states, but neither the manufacturing nor the marketing of the units has ever been banned by the federal government which, of course, is the sole authority which could regulate their interstate trade. The U.S. constitution forbids any state from restricting" imports" from any other state. Currently, therefore, there often occur an unusual situation in which the use if the radar detector sets may be illegal within a given state, but the sale of those sets is not illegal and cannot be prohibited within that state. The manufacture and marketing of radar detectors was expanding industry, ... Get more on HelpWriting.net ...
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  • 5. A Brief Note On Dow Chemical And Industry Q7 From Q6, all regression models ran by Single Index Model, a model helps to split a security's total risk into unique risk and market risk, α is the intercept of the single index model in which evaluate the expected excess return of the security , and β is the security's sensitivity to the market index, while e represents the unsystematic risk of the security: Basic statistics ran from Q6 given with the average industry performance: EBAY INDUSTRY α 0.025 0.162 β/raw β 1.155 1.441 R^2 0.375 0.294 Table1:Comparison between eBay and Industry DOW CHEMICAL INDUSTRY α –0.026 –0.306 β/rawβ 1.562 1.418 R^2 0.610 0.308 ... Show more content on Helpwriting.net ... In the analysis, S&P500, an index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors commonly used benchmarks for overall U.S stock market. Consequently, the beta coming from Dow Chemical is more sensitive than eBay to the benchmarks, which implies the security will be expected significantly outperformed market when market is going up and significantly underperformed when market is going down. Dow Chemical is an American multinational chemical corporation, services including agricultural science, consumer solution, infrastructure solutions, performance material & Chemicals, and etc. Being as one of the most influential commodity company, Dow Chemical is affected by the world price of oil as well as its competitors and is also plagued by currency fluctuations since products are exported to all regions of the globe. For example, severe weather on August of 2010, resulting in big power cuts and dramatic drop in whole market especially for commodity industry such as Dow Chemical. In contrast, lower beta means less volatile to the market index, also may have lower returns for investors. eBay is an e–commerce company, which is more rely on the online trading and transactions in the globe. product turns less fluctuate in the whole market, especially compared with current retailer companies, internet retailer ... Get more on HelpWriting.net ...
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  • 7. Case: Dow’s Bid for Rohm and Haas Why does Dow want to buy Rohm and Haas? Was the $78 per share bid reasonable? Why was the deal structured as all cash? Dow Chemical ("Dow") wants to acquire Rohm and Haas ("Rohm") for its strong operational and strategic fit. When Liveris became Chairman and CEO of Dow, he shifted the focus to growth and profitability by becoming an asset light producer of commodity chemicals and becoming a high– valued–added producer of specialty chemicals and advanced materials. This combination is a step in that direction that would bring together best–in–class products and technologies, broad geographic reach, and strong industry channels for growth opportunities. Rohm would also expand Dow's network into emerging markets and alter Dow's earnings ... Show more content on Helpwriting.net ... Thus, if one completely removes the revenue synergies, as these are typically the most difficult to achieve in comparison to cost synergies, the implied share prices fall right near the $78 bid price, which makes it a reasonable bid. The reason why it was structured as an all–cash deal was driven by the fact that 32% of Rohm's shares wanted to sell substantially all of their shares within 1.5 years. Furthermore, Dow had a potential cash inflow of over $7 billion in cash from the JV agreement, a $4 billion financing option of 8.5% convertible preferred equity and $13 billion in bridge loans. When compared to the 8.5% WACC, these options may potentially be less expensive than issuing equity. What are the major deal risks inherent in this merger transaction? How and to whom does the merger agreement allocate these key risks? (See, in particular, case exhibit 4.) Some of the major deal risks inherent in this merger transaction are as follows. Dow will have to make integration decisions that are absolutely critical to making the acquisition pay off through the cost and growth synergies. Additionally, Dow agreed to a contract with no financing out, which means that the offer is not contingent on Dow securing financing. Furthermore, the material adverse effect clause stipulates that any adverse effect to the specialty chemical industry or the economy or markets generally is excluded. Also, if the merger does ... Get more on HelpWriting.net ...
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  • 9. Dow Chemical Company HW Dow Chemical Accounting Homework Dow Chemical Company is a manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services. Its product lines include chemicals, advanced materials, agro–sciences and plastics businesses. Attached are the excerpts from Dow Chemical's Annual report for 2012. Based on the information in the financial statements and footnotes, please, answer the questions below. Assume a tax rate of 35%. 1. Which cost flow assumptions does Dow Chemical use to value its inventories? Inventories are stated at the lower of cost or market. The method of determining cost for each subsidiary varies among LIFO, FIFO, and average cost. What is the value of inventories that ... Show more content on Helpwriting.net ... LIFO liquidation may be due to company not purchasing any more inventory (the prices are too high), and depleting its cheap inventory. When inventory costs are increasing, this results in higher net income. Either involuntary (disruptions in supply) or voluntary (earnings management). 5. Suppose that Dow Chemical has no inventory left at the end of NEXT year (i.e., fiscal year 2013). Would Retained earnings at the end of fiscal year 2013 under their existing accounting policy for inventories be higher than, lower than, or the same as what it would have been had they used FIFO as a cost flow assumption for all of their inventories? If different, by how much? Explain. Same as RE if they used FIFO. Since there will be nothing left in inventory after the year, Dow Chemical would be using same inventory (and therefore the same inventory price for COGS) in both scenarios. Also b/c LIFO Reserve = Cum. pre–tax income FIFO – Cum. pre–tax income LIFO = 0 => Cum. pre–tax income FIFO = Cum. pre–tax income LIFO How would your answer to above change if purchase prices for Dow Chemical's inventories are expected to increase by approximately 50% in fiscal year 2013? Would not change. The answer to this question is driven by the LIFO reserve in 2013, and, by definition, that stays the same, at 0, regardless of how much inventory is purchased in 2013.
  • 10. 6. International Financial Reporting Standards do not permit the use of LIFO as a cost flow assumption for inventory ... Get more on HelpWriting.net ...
  • 11.
  • 12. Summary Of Ineos US LLC On July 1, 2015 at 11:51pm, Blount county dispatch received a call reporting that a CSX tank car was reported to be on fire. CSX response personnel reported to the scene and found that one of their trains had derailed and in the process toppled a loaded tank car of Acrylonitrile Stabilized. Damages incurred to the tank car during the derailment resulted in product release and a subsequent fire. The shipper, INEOS USA LLC, was notified utilizing CHEMTREC Report 2015–0702–00010 ("Acrylonitrile, stable", 2017). While this particular incident is slightly outside of my community, I found it very interesting upon observing recent rail shipments and noticed the rather common nature of this item's movement. I then researched the chemical ... Show more content on Helpwriting.net ... Per Environmental Protection Agency (EPA) guidelines, it is best during massive fire events to withdraw from the area and let burn off take place ("NOAA", 2017). The points of interest that made me choose this particular item are common interaction among general public, and what I would perceive as a very trying response and ensuing recovery effort that would take place should a large scale fire and/or spill take place. In a best case scenario, the chemical could be readily identified allowing for a proper response by emergency responders, with proper precautionary gear to protect themselves as well, and the evacuation of the surrounding area. However, it appears that acts of terrorism are becoming better planned, rather than random, less detrimental incidents as past history such as shoe bombers and such. Utilizing such a chemical in a discreet manner, rendering identification difficult if not impossible, would provide rather substantial physical effects with all the reactive, flammable, health, and incompatible issues that are identified with acrylonitrile alone, much more so even when shipped with possible interactive components, and then the actual desired traumatic emotional effects associated with acts of terror as well. The issues encountered by ... Get more on HelpWriting.net ...
  • 13.
  • 14. Dow’s Bid for Rohm and Haas Dow's Bid for Rohm and Haas 1.Why does Dow want to buy Rohm and Haas? Dow, a producer of low–valued cyclical commodity chemicals, had future aspirations of being not only the largest but as well the highest valued chemical company in the United States. Its strategy was simple: to be an asset–light company with extremely high growth potential fuelled through advanced technology, geographical reach, strong industry channels and an overall switch in to the advanced specialty chemical and materials market. As a result when the option to purchase Rohm and Haas was put to market Dow jumped immediately on the opportunity. Rohm and Haas brought with it mass amounts of experience in the specialty chemical business, strong ... Show more content on Helpwriting.net ... But Termination Fees §7.2a protects both parties from breaching the contract by the other party. II. Risk of Solicitation Contractual Terms included: §5.3 No solicitation, §8.10 Third–Party Beneficiaries As a attractive acquisition target, there are other buyers who are interested in Rohm. Therefore, Dow faces the risk of other bidders who make better offers. §5.3 No solicitation limits Rohm not to solicit other parties to competitive bid, therefore reduces Dow's risk. Also, §8.10 protects both parties by prohibiting any other person benefit from the merger. III. Risk from Financial Side Contractual Term included: § 3.17 Fairness Opinion The fairness of the valuation of Rohm is important to both Rohm's and Dow's shareholders. The financial evaluation is provided by Goldman Sachs & Co, so Goldman Sachs & Co will be responsible for any mispricing effect. IV. Risks of unpredictable circumstances Contractual Term Included: § 3.1 Material Adverse Effect (MAE clause) The MAE clause protects buyer's interests by allowing the buyer to terminate the deal under special circumstances and changes that had a material adverse effect on the target company's business. However, it is extremely hard to define whether an event is under MAE or not. So in real world, MAE clause does not necessarily protect buyer's benefits. In this case, the MAE actually favors Rohm since the financial crisis affected the whole chemical industry and financial ... Get more on HelpWriting.net ...
  • 15.
  • 16. Bhopal Gas Tragedy Bhopal Gas Tragedy – Who is responsible? It was a normal day in Bhopal – the heart of India. Fathers coming back from work, mothers cooking dinner for the family, some kids studying and most playing out in the gallis (small streets in India). After dinner they all go into their world of dreams. Kids dreaming of their games the next day, pregnant ladies dreaming of the fast approaching days when their babies would be born into this world, worker fathers dreaming of saving more money for their kids' secure futures. What happened in the midst of that night is beyond anybody's imagination. A poisonous gas leaked from a pesticide factory and covered the whole city in its thick blanket of deadly gas. For many who slept that night, they never saw another morning. You think that is bad? For a lot many who escaped death met with an even more pathetic future when they were crippled for life – some went blind, some had major skin and lung diseases and many had genetic deformation. And that's not even the worst. Even thirty years after the incident, people are still facing the consequences of the gas leak. Many babies born suffer from genetic disorders if at all they are not still born. God knows up to what generation this is going to continue. It was around 1 am on the 3rd of December, 1986 that the world's worst industrial disaster took place – now popularly known as the Bhopal Gas Tragedy – which "officially" killed more than 4,000 people and injured more than 500,000 ... Get more on HelpWriting.net ...
  • 17.
  • 18. The Invention Of The Television And Internet What exactly is remix? Remix is the creation of a new or derivative piece of art through the alteration, modification, or transformation of elements of the original. A remix is a piece of art that may have had items added, appropriated, or removed. Remix is everywhere and is nothing new in public space. People have been doing it for hundreds of years by altering paintings and other artistic art pieces. The advent of new technology and different forms of media have allowed people to remix in entirely different ways, utilizing new techniques, materials, and ideas. The popularization of the television and Internet has allowed digital forms of remix, previously impossible or only attainable for a small niche of the public. Though Banksy, Electronic Disturbance Theater, and the Yes Men group have taken advantage of digital forms of remix through different means, the Yes Men group has remixed public space the best. Artists often put their work in the public domain or space, but what exactly is that? Public space is just that, locations accessible to the public with the most general being out on the streets, places accessible or viewable to anyone without discrimination. They are visible to anyone who has the means of getting to the place, charges no fees, and is open to everyone. This type of space encompasses sides of buildings exposed to the street, parks, and open spaces such as plazas. Another type of public space includes privately owned public spaces. These types of ... Get more on HelpWriting.net ...
  • 19.
  • 20. Bhopal Gas Tragedy Bhopal Gas Tragedy Product – Brand name Sevin (Union Carbide) – Third most used insecticide in US – Not fatal to people Carbaryl – Does not cause cancer Chemistry TLV = 0.02 ppm Methyl isocyanate Methyl Isocyanate (MIC) Clear, colourless, b.p. 39oC, odour threshold 2.1 ppm Effects of 0.4 ppm – Coughing – Chest pain – Breathing pain (dyspnea) – Asthma – Eye irritation – Nose, throat, skin damage Effects of 21 ppm – Lung oedema – Emphysema (damage of lung tissue) – hemorrhaging – bronchial pneumonia – death If you smell it, there is too much! 40,000 kg were released in Bhopal on 3rd December 1984. Background 1970s – Indian Government invites UCC to set up Sevin plant – Plant built in Bhopal to central location and ... Show more content on Helpwriting.net ... In such cases, should there be such a thing as limited liability? What more can UCC or Dow Chemicals do? Should the Indian Government bear a substantial portion of the responsibility? Should criminal cases be brought against local Government officials as well as Warren Anderson? Responsible Care Direct Result of Bhopal Tragedy All major chemical companies signed on Objective to make the chemical industry serve society better Responsible Care (Dow) Our industry creates products and services that make life better for people around the world – both today and tomorrow. The benefits of our industry are accompanied by enduring commitments to Responsible Care in the management of chemicals worldwide. We will make continuous progress toward the vision of no accidents, injuries or harm to the environment and will publicly report our global health, safety and environmental performance. We will lead our companies in ethical ways that increasingly benefit society, the economy and the environment while adhering to the following principles: Responsible care (cont.) To seek and incorporate public input regarding our products and operations. To provide chemicals that can be manufactured, transported, used and disposed of safely. To make health, safety, the environment and resource conservation critical considerations for all new and existing ... Get more on HelpWriting.net ...
  • 21.
  • 22. Ethics of Penn Square and Dow Corning Essay Ethics of Penn Square and Dow Corning Ethics of Penn Square Bank and the Dow Corning Bankruptcy Penn Square Bank: What were the ethical pressures on the firm concerning documentation, credit extension, and revenue recognition that lead to the final collapse? What should have been done to reduce or offset these pressures? Penn Square Bank was a small commercial bank in Oklahoma City which made high–risk financial loans during the late 1970s in the oil boom. The bank ultimately collapsed during the early 1980s due to their financing practices. The bank was overestimating and valuing its customer's gas and oil reserves that let at that time to fund a bigger credit line. In addition, the bank didn't request clients to complete ... Show more content on Helpwriting.net ... For offsetting ethical pressures to increase revenue recognition, the Penn Square Bank should have stuck to FASB principles. The GAAP should have been complied with and this would have helped avoid revenue recognition problems. Dow Corning Corporation was founded in 1943 as a jointly owned enterprise by The Dow Chemical Company and Corning Incorporated to develop the potential of silicone materials. Dow Corning's principal businesses were silicone materials and polycrystalline silicon. In the early 1960's Dow Corning supplied Texas plastic surgeons Frank Gerow and Thomas Cronin with silicone for their medical implant device research. Gerow and Cronin, using Dow Corning silicone, invented the first silicone breast implant as a device to aid women who had undergone mastectomies. At that time, the Food and Drug Administration had no regulations governing implantable devices. Companies like Dow Corning had to determine the safety of devices on their own. The surgeons conducted clinical trials of the implant prior to product introduction in 1964. In the next several years, the implant grew popular for cosmetic surgery as well as reconstructive, and Dow Corning cornered both markets. Between 1960s and the mid–1990s, about two million women nationwide have received breast implants, most of them for cosmetic reasons. However, some women have started to complain that the implants have ruptured, allowing gel to leak into the breast cavity and migrate to other ... Get more on HelpWriting.net ...
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  • 24. Roller Coasters Good Or Bad Roller coasters are the bomb. Would people still enjoy amusement parks if they knew the danger of them? Roller coasters cause deaths and severe injuries. In one year, there's 350 injuries on roller coasters. It's like an injury a day! Now, it's much rarer, because the technology is safer, but there's always a slight risk. Inspectors notice that most injuries or deaths are from rides over twenty years old. One coaster is less than 10 years old. Amusement parks are fun, but can be life threatening. From 1987 to 1999, forty–two death documents were reported to the park health institute. Imagine being at an amusement park. Smell the popcorn, and french fries. The loud carnival music, and the screams of people on a roller coaster. Isn't it ... Get more on HelpWriting.net ...
  • 25.
  • 26. Dow Chemical Essay example Dow Chemical Topic: "Dow Chemicals" I decided to construct my essay on Dow Chemicals (DC) Company after reading an article in Business Week. Dow Chemical appears to be developing an aggressive market strategy that aligns with our class topics, and that I have found very interesting. Dow Chemical (DC) company, over the last seven years has built their strategy around and focused on their "niche", which is core chemicals & plastics–manufacturing operations, while simultaneously reducing infrastructure debt, expanding its market share, and apparently building new strategic alliances. According to Dow Chemical CEO William Stavropoulos, The mission and goals of Dow Chemical company is to be a world leader in chemical and plastics ... Show more content on Helpwriting.net ... This may be why Dow Chemical chose to focus on its "niche" and divest $10 billion in unrelated businesses. Dow Chemical then performed an Internal analysis to pinpoint its internal strengths and weaknesses, and finally performed a SWOT analysis or a competitive comparison between Dow Chemical and its external competitors to build upon their strength's in order to exploit opportunities, counter threats, and also to shore up weaknesses. Dow Chemicals market maneuvers evidence the application of Business–level and Global–level strategies, as well as consideration of stakeholders profit levels. The Dow Chemicals Business–level strategy is indicated by the way it positioned itself in the marketplace by extracting some elements of a Differentiation strategy and some elements of a Cost Leadership Strategy to gain a competitive market advantage. By Differentiation strategy, I mean to say that Dow Chemical elected to seek a competitive advantage by creating new innovative products that their customer base considers to be unique and important, and maintaining a simple organizational structure. Dow Chemical has incorporated some elements of cost–leadership by adopting a decentralized form of management, a more hands on control of day–to–day ... Get more on HelpWriting.net ...
  • 27.
  • 28. Research Paper On Love Canal Luidigine Saladin Miss jacobus Biology 9th 26 january 2017 Love Canal A beautiful city, Niagara Falls in the state of New York, ruined by irresponsible decisions of the city of Niagara Falls and The so called " Hooker Chemical Company". Families suffered and died from several of diseases caused by toxic waste that was place underground near homes and schools. Love canal caused millions in damages. During 1978,in Niagara Falls a horrible tragedy happened. What had occurred was love canal. Love canal is a toxic leaking dump with over 20,000 tons of chemical waste. Love canal causes population's health effects,toxic chemical waste,and humans disasters. (Department of health) Firstly, it is important to understand how the love canal was caused ... Show more content on Helpwriting.net ... In conclusion,the love canal will be forever remembered as "A horrific toxic leak"which many people died from. The love canal seemed like any other neighborhood, the only thing that distinguish that particular zone was how ¾ of the people that lived there have gotten ill. In addition if the superfund wasn't created then their would of been a bigger crisis that would occur due to the leaking toxics. The amount of people dying would of increases more and the diseases would of been a bigger effect . Work site "Environmental Health." Jama 280.14 (1998): 1276. Web. Worthley, J. A., and R. Torkelson. "Managing the Toxic Waste Problem: Lessons from the Love Canal." Administration & Society 13.2 (1981): 145–60. Web. "Department of Health." Love Canal. N.p., n.d. Web. 25 Jan. 2017. "Lessons from Love Canal: Toxic Expertise and Environmental Justice." OpenDemocracy. N.p., n.d. Web. 25 Jan. 2017. "Department of Health." Love Canal: A Special Report to the Governor & Legislature. N.p., n.d. Web. 25 Jan. ... Get more on HelpWriting.net ...
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  • 30. Essay On Dow Chemical Company rP os t 9–204–021 REV: MARCH 31, 2006 MIHIR A. DESAI Dow Chemical's Bid for the Privatization of PBB in Argentina op yo On November 10, 1995, Oscar Vignart, vice president of business development for Latin America for Dow Chemical Company (Dow), and Luis Marcer, CFO of Dow Química Argentina, considered the bidding price on Petroquímica Bahia Blanca S.A. (PBB), which was being privatized by the Argentine government. PBB produced both ethylene and polyethylene. It was part of a petrochemical complex located in Bahia Blanca, 700 kilometers south of the Argentine capital, Buenos Aires.1 Vignart believed that the acquisition of PBB offered Dow a once–in–a–lifetime opportunity to become the leading polyethylene player in Latin America. tC ... Show more content on Helpwriting.net ... A plant for cracking ethane was estimated to cost $400 million to $500 million, a plant for cracking naphtha $1 billion.3 Roughly half of the world's ethylene plants, particularly those in gas–poor regions such as Japan and Western Europe, utilized naphtha. Plants in gas–rich regions such as North America and the Middle East more frequently employed ethane from natural gas streams.4 No tC Large plant sizes and the need for economies of scale rendered the ethylene industry highly capital intensive. Consequently, capacity additions or reductions could significantly affect balance of supply and demand, influencing capacity utilization rates, prices, and profit margins. Ethylene profitability
  • 31. was tightly linked to its global operating rate. Among the investors in the ethylene business were oil companies, governments, pure chemical companies, conglomerates, private investors, and joint ventures. According to UBS Warburg plc, financial return objectives ranged from loss leader to zero return to beating the cost of capital. The loss leader or zero–return player was often a government operator that was, directly or indirectly, financing capital–intensive ethylene plants in order to stimulate downstream business. This was the case in Brazil, where the government sponsored a "tripartite" model, in which private Brazilian capital, multinationals holding the technology, and the government would each ... Get more on HelpWriting.net ...
  • 32.
  • 33. Great Butte Mining Research Paper On June 8, 1917, one of the most devastating disasters in Montana took place. Over 160 miners died, this disaster being the Great Butte Mining Disaster of 1917. It was truly a devastation... When a fire–safety, electrical line was being installed, which would've been convenient five minutes later, the weight of the line was unbearable, causing the line to drop down the shaft. Before plastic, wire was insulated with oil soaked cloth. Ernest Sullau climbed through debris with a carbide lamp that touched the oil soaked cloth, starting the fire. Ventilation fans stirred the fire up tremendously. Many people know when wood and fire mix, bad things happen. Imagine the mine or an emergency department calling your wife and saying, "Your husband has died from a casualty yesterday from asphyxiation in the speculator mine in Butte, Montana", this was the kind of call wives around Butte were receiving after this disaster. "I put my lamp too close, John." – Ernest Sullau (Quotes) The person who started the fire, Ernest Sullau, said a he stood watching the fire burn and eat away at hard–earned work. Over 160 miners died doing what (some of them) loved. Most death–themed casualties happened from asphyxiation from smoke. The flags were at half mass that day, all of the wars happening were forgotten because of this great devastation. The Speculator Mine made most of the income, but when this great desolation happened, no other mine was as important as this one. In all of the miners' families' hearts, this mine was made a family history story. So when they went to bed, they lay there, ... Show more content on Helpwriting.net ... "The Granite Mountain–Spectacular Mine Disaster" bigskyjournal.com/feature–article/granite– mountain–speculator–mine–disaster [...] "Quotes about the Granite Mountain–Speculator Disaster" http://mtstandard.com/news/local/quotes–about–the–granite–mountain–speculator– disaster/article_d4e4af06–8dc1–5bd4–8841–361b01b788f7.html. 8 June, 2017. Accessed on 6 November, ... Get more on HelpWriting.net ...
  • 34.
  • 35. Dow Chemical Company I decided to construct my essay on Dow Chemicals (DC) Company after reading an article in Business Week. Dow Chemical appears to be developing an aggressive market strategy that aligns with our class topics, and that I have found very interesting. Dow Chemical (DC) company, over the last seven years has built their strategy around and focused on their "niche", which is core chemicals & plastics–manufacturing operations, while simultaneously reducing infrastructure debt, expanding its market share, and apparently building new strategic alliances. According to Dow Chemical CEO William Stavropoulos, The mission and goals of Dow Chemical company is to be a world leader in chemical and plastics manufacturing by developing new customer ... Show more content on Helpwriting.net ... This was achieved by reducing the workforce by 30 percent and eliminating seven layers of management. The current management structure contains only five people between the most junior employee and the Chief Executive Officer. Dow Chemical appears to have embraced a Global Strategy, which is increasing profitability by reaping the cost reductions that come from experience– curves and location economies and by expanding its market share outside of its home country. This business savvy type of management approach seeks to penetrate a huge market availability, which as global markets develop will gradually combine into just one market. In developing their mission goals and corporate strategy, Dow Chemical has obviously considered both External and Internal stakeholders and how strategic maneuvers would impact their ultimate goals. Examples of stakeholder impacts are: External Stakeholders: – Customers: Provide the core of revenue, especially in untapped markets overseas. – Suppliers: Provide input w/significant savings through combined purchasing with Union Carbide Company and 13 other large companies. – Governments: Significant reduced manufacturing restrictions and potential incentives to conduct business in foreign countries. – Unions: Many foreign countries are not unionized, which could be a production cost incentive. Internal Stakeholders: – Stockholders: Maximizing their Return On Investment by expanding operations and gaining access to difficult markets. – ... Get more on HelpWriting.net ...
  • 36.
  • 37. Summary: The Flint Water Crisis In April of 2014 Flint Michigan endured one of the deadliest crisis that hit the United States since Hurricane Katrina. It was later called "The Flint Water Crisis", it made headlines everywhere including hashtags on social media and it also got the the attention of celebrities which spread the news all over. It also became one of the It was first said to be brought to the attention of the people by their own Mayor, Dayne Walling, who decided that instead of wasting an abundance of money on the high priced water filter (Maher and Mcwhirter, 2016). Using a local River in addition to them building a new pipeline from Lake Huron, it was said to have saved millions of dollars to the Midwest, with an estimate of $100,000 (Maher and Mcwhirter, ... Get more on HelpWriting.net ...
  • 38.
  • 39. dows bid for rohm and haas 1) Introduction The case presents an American company Dow, producer of commodity chemicals, who is in the final stages of acquiring another company Rohm and Haas. Dow's CEO has been working for four years to transform Dow from a producer of low–value, highly cyclical commodity chemicals to a producer of high–value, specialty chemicals and advanced materials. Rohm is a perfect match for Dow in respect of the strategic and financial perspective. Dow is also pursuing another key deal with Kuwait's Petrochemical Industries Company (PIC) that was supposed to generate $7 billion cash net of tax which could be used to finance acquisition of specialty chemical maker Rohm & Haas for $18.8 billion all cash deal. However, by late 2008, ... Show more content on Helpwriting.net ... We explore the Equity Value's sensitivity to the discount rate as well as to the projected growth rate. This sensitity is shown in Table . Using the baseline assumptions (WACC=8.5%, growth rate=2%), we arrive at a base equity level without synergies of $46.41 per share. However, this value is quite sensitive to both the WACC and growth rates. The overall spectrum of base values ranges from $27.75/share to $73.42/share, with the baseline assumptions falling squarely in the middle. Table 4: Per–Share Equity Value without Syergies Value of the Cost Synergies To be able to recognize the cost synergies, Dow had to incur a one time cost of $1.3 billion spread over two years. Dow also stated that it would take 2 years for them to fully recoginize the cost synergies. We found that $800 million of cost synergies would be worth and additional $32.18 per Rohm and Haas share. Value of the Growth Synergies Growth Synergies are estimated to be between $2B and $2.6B based on expanded market porfolios, increased geographic reach and innovative technologies. We assume that these Growth Synergies would also take two years to completely recognize. The equity value per Rohm and Haas share is stated in the table below to view the difference between $2B and $2.6B: Sensitivity Analysis $ 2,000 $ 2,300 $ 2,600 Syn/Share $ 5.90 $ 6.75 $ 7.67 Table 5: Per–Share Equity
  • 40. ... Get more on HelpWriting.net ...
  • 41.
  • 42. Dow Corning Case Study : Dow Corning When Their CRM Went... This case study is telling some key factors that helped the company, Dow Corning when their CRM went mobile. Mobile CRM increases sales productivity and improves relationships with customers (O'Brien, 2011). Chip Reeves is the current director of marketing and sales processes but he used to be a salesman. Chip Reeves had an advantage when selecting how to make the functions of the CRM mobile device more likable and enjoyable for salesman being that he used to be a salesman. Chip Reeves knows the information most salesmen want to get to quick and he knows the importance of keeping the mobile device productive for them when working in the field with customers. Many companies and CIOs are struggling to determine exactly how best to mobilize critical applications that can bring measurable payback to the company but also limit the disruption to and administrative headaches in their users' lives (O'Brien, 2011). Chip Reeves knows that salespeople would rather be productive and make a sale rather than spend time logging unnecessary things into a mobile device. Whit his gained knowledge of that fact, Chip Reeves made a point to make all information on the CRM mobile device effective and access to more information.Chris Reeves paid attention to the process pain points that a salesperson has and he made them simpler and the process smooth. All information gained on the device is "need to know." Challenges were had when implementing mobile CRM at Dow Corning but Reeves and his team ... Get more on HelpWriting.net ...
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  • 44. Dow Chemical Company : An American Mnc Headquartered The Dow Chemical Company commonly referred to as Dow is an American MNC headquartered in Midland Michigan, United States. As of 2007 it is the second largest chemical manufacturer in the world by revenue and as of February 2009 the third largest chemical company in the world by market capitalization. It ranked third in the world by chemical production in 2015. Dow manufactures plastics, chemicals and agricultural products. With the presence in about 160 countries, it employs about 54000 people worldwide. The company has seven different major operating segments with a wide variety of products made by each one. Dow's 2012 sales today approximately $57 billion. Most of its sales are to other industries rather than end users. Dow sells ... Show more content on Helpwriting.net ... Mission To passionately create innovation for their stakeholders at the intersection of chemistry, biology and physics. Vision Maximize long term value per share by being the most valuable and respected science company in the world. Value Integrity' Respect for people Protecting the planet Bhopal Gas Tragedy The Bhopal Disaster was one of the world's worst Industrial catastrophes. It occurred on the night of December 2–3, 1984 at the Union Carbide India Limited pesticide plant in Bhopal, India. A leak methyl isocyanate gas and other chemicals from the plant resulted in the exposure of hundreds of thousands of people. Estimates vary on the death toll. The official immediate death toll was 2259 and the government of Madhya Pradesh confirmed a total of 3787 deaths related to the gas release. Other estimate 3000– 8000(Greenpeace) died within weeks and another 8000–20000(Greenpeace) have since died from gas related diseases. It is estimated that 10 to 30 people continue to die from exposure every month. According to the Indian medical research 25000 people have died from exposure since the initial explosion. The UCIL factory was built in 1969 to produce the pesticide Sevin using methyl isocyanine as an intermediate. An MIC production plant was added in 1979. During the night of December 2–3, 1984, water entered a tank containing 42
  • 45. ... Get more on HelpWriting.net ...
  • 46.
  • 47. Essay about Internal Entrepreneurship at the Dow Chemical... MILAN MOHANTY INTERNAL ENTREPRENEURSHIP AT THE DOW CHEMICAL COMPANY Overview:– The Dow Chemical Company is the second largest chemical manufacturer in the world in terms of revenue and in terms of market capitalization; it is the third largest in the world (as of 20071). There was a steady growth of the market from the year 2002. But before that the company faced a back drop in the profit margin. The company realized its growth in 2002 only after merging with Union Carbi as the company's sells rose to $27.8 billion. Back in 1998, the company faced the real down turn of the sale to $18.4 billion. Then, for 4 years continuously, the company managed to keep the sales around $20 billion. In the year 2000, the company planned to adopt a ... Show more content on Helpwriting.net ... * Ian Telford, the European sales Director for EP&I can be considered as major pillar for the strength of the company. His crystal clear goals and visions for the company established an efficient procedure for the development of the company and his enthusiasm and the hunger for success motivated its employees for a better team work with success keeping in mind. He was flexible with his concepts and the strategy so that he can react as per the situation, which helped him to overcome the hurdles which came in the way of his success. Weakness: * The company has to suffer economical loss due to its cyclic nature of production. The production does not run at full efficiency every time. This leads to the waste of energy, money and resources. * There was no transparency in the price of EP&I products which can act as a hindrance in the market. No transparency of the price can lead to a bad market status and thus leading to a heavy decline in the efficiency. * The attitude and behavior of Ian may not be a big concern for the development of the company but it can degrade the motivation which can degrade the strength and unity of the employees in the company. This can lead to downturn of efficiency and shows the sign of immaturity. Opportunity: * The management should consider a group of customers who solely wants product at low cost rather than consignment or service. * The management should take ... Get more on HelpWriting.net ...
  • 48.
  • 49. Rohm & Haas Executive Summary Rohm & Haas recently introduced a new product, Kathon MWX, in order to exploit an untapped portion (reservoir capacity under 1,000 gallons) of the biocide market. Even with limited competition within this segment, Kathon MWX has not been able to produce its annual target revenues, only capitalizing on roughly 6% of said target in a 5 month period. Large–scale distributors, who exhibit the most buyer power and influence over end customers in the industry, threaten manufacturer brand equity by relabeling all biocide maintenance products under their own brands. Even though Rohm & Haas does not allow distributors to change the label on Kathon MWX, the lack of end customer awareness for the manufacturer brands has ... Show more content on Helpwriting.net ... The higher margin products also miss a benefit either in fungi or smell reduction. Why should Rohm & Haas expect large volume sales and scale economies on the industry quality leading product when it's offered on the dollar menu? The distributors operate a toll–booth and the highest bidder gets to pass. Rohm & Haas needs a competitive value proposition that cannot be refused. Evaluation & Recommendation Little or no brand awareness of Kathon 886 currently exists. By rebranding Kathon MWX–– a brand extension of Kathon 886, Rohm and Haas Brand does not add any value to the brand nor to the positioning of the new product. We recommend that Rohm & Haas markets Kathon MWX under a different name that better describes the product and by which customers can recognize it. We suggest that that the new brand name suggests something about the benefits of Kathon MWX, but more than a name is needed. To develop brand awareness for the rebranded MWX among end customers in the short–term, the company can continue its current strategy of pursuing distributors and have them include the new brand name with the package. However, the strong sell comes from raising prices (and margins) to distributors (see exhibit #2). Rohm & Haas can inherently raise its prices to a competitive level, ... Get more on HelpWriting.net ...
  • 50.
  • 51. The Integrative Model Of Organizational Behavior Organizational commitment is one of the two individual outcomes derived from individual mechanisms like job satisfaction, stress, motivation, trust, justice, ethics, and learning and decision making. These mechanisms and outcomes can be found on the integrative model of organizational behavior (OB). Colquitt, LePine, and Wesson defined organizational commitment in their Organizational Behavior 5th Edition book as the desire of an employee to remain a member of the organization (p 64). Being committed to an organization and going through different commitment stages is something that I personally experienced at my job. For the past four years, I have been working at Dow AgroSciences LLC legal department. I started there as a high school Co–Op and continued an employment with this company throughout college up to present time. Reviewing types of commitment, I can tell that I experienced all three of them through different stages of my career at Dow. During my first two years, I definitely felt an emotion–based affective commitment, which defined as the desire to stay with the company due to an emotional attachment to the organization and its employees. With this commitment, employees stay because they want to (65). I was hired with two of my friends from high school, so be able to work with them and building closer relationships was a big emotion–based factor. Other factors that made me want to stay there was the professional atmosphere, flexible work hours, friendly coworkers, goal–driven job duties, and supportive supervisor. Having co–workers that thank me for everything I do, motivates me to do my best at all tasks and built a desire in me to exceed others' expectations through my performance. In the past two years, my commitment type slightly shifted to the continuance and normative commitment. Because two of my friends left Dow and ratio of tasks challenge and my educational growth has not been balanced, I do not feel as motivated and interested in the work as I was in the beginning of my career. Going through the Kelley School of Business helped me to acquire knowledge and skills that exceed my job tasks skills level. Unfortunately, this creates boredom and assists with withdrawal behavior. The ... Get more on HelpWriting.net ...
  • 52.
  • 53. DOW CHEMICALS 9 – 2 0 1– 0 3 3 REV. AUGUST 6, 2003 GEORGE CHACKO PETER TUFANO Diageo plc Ian Cray, Diageo plc's Treasurer, looked out of his office window onto the busy streets of London in October 2000. The London–based consumer goods company Diageo had recently announced its intention to sell its packaged food subsidiary, Pillsbury, to General Mills. Earlier in the year, Diageo also announced its intent to sell 20% of its Burger King subsidiary through an initial public offering during 2001, to be followed by a spin–off of the remainder of Burger King after December 2002. If these transactions took place, the firm would be focused exclusively on the beverage alcohol industry. As Diageo's business was restructured, it was an opportune ... Show more content on Helpwriting.net ... The firm was organized along four business segments. The largest was the Spirits and Wine business, which produced and marketed a portfolio of beverage alcohol such as scotch, vodka, gin, and tequila. Diageo's brands included Johnnie Walker, Smirnoff, J&B, Bailey's, Gordon's, Tanqueray, Cuervo, and Malibu. This division was not only the biggest (with revenues of £5 billion and the leading market share in the U.S. and U.K. markets) but also the fastest growing of Diageo's businesses, with sales growth of 8% for the year. More than 70% of sales and sales growth came from the Europe and North America markets. This segment enjoyed the largest profit margins of all of the segments, with 15% operating margins and growth in total operating profits of 15%. The high levels of operating profits reflected Diageo's strategy of concentrating on premium brands and pricing. (Exhibits 1 and 2 contain historical financial information for Diageo and its business segments.) Diageo's second largest division was Guinness Brewing, which produced and sold beer to markets around the world. This segment, while substantially smaller in sales than the Spirits and Wine Division, was a close second to it in terms of operating profit growth rate. Due to the similarity in the products and distribution channels for these two businesses, Diageo was ... Get more on HelpWriting.net ...
  • 54.
  • 55. Who Founded Dow Chemical Company Who Founded Dow Chemical Dow Chemical Company, and American Chemical and Plastics manufacturer is one of the globe's prominent suppliers of chemicals, plastics, synthetic fibers, and agricultural products. Dow Chemical was originated by Chemist, Herbert H. Dow, of Midland in 1897. Dow was to support Midland Chemical Company in 1890 and the Dow Process Company of 1895(Dow Chemical Company, (2012)). What is a SWOT analysis? What does a SWOT analysis deliver in regards to organizations; it is a tool that categorizes the strengths, weaknesses, opportunities and threats of an organization? Once the SWOT is completed, it can determine what the firm can do in completing its objectives and what other accomplishments it can achieve to ... Show more content on Helpwriting.net ... Diversified product portfolio Dow will deliver a set of various business segments. It happens to make over 3,100 products: products such as chemical, plastic, and agricultural, that serve buyer markets. Other products include transportation, food, personal and home care with business construction. The organization also provides diversified set of offerings through its various business segments. In calculation to the expanded product portfolio, the organization has varied profits streams as well (Datamonitor, 2011). For example, in the financial year 2007, the organizations largest corporate division, performance plastics, accounted for 28.2% of the total profits. Expanded actions and widespread product collection permits the organization to entice a lengthy purchaser base and decrease its business threat. Strong R&D capability With a strong research and development ability, Dow will conduct simple and functional study to create new creations and to expand the former products and processes that are already in place. This organization is an employer to over 6,100 individuals in different research and development activities. With Dow spending $1, 305 million in R&D, in 2007 with the entire turnover of the organization, including the company's R&D in past years were chronicled at $1,160 million in 2006 and $1,073 million in 2005 (Datamonitor, 2011) . Furthermore Dow has a considerable quantity of licenses and additional technology ... Get more on HelpWriting.net ...
  • 56.
  • 57. The Tragedy Of The Bhopal Chemical Leak In today's society of industrialization, a few disasters may occur due to irresponsibility. Such disasters can range from an insignificant aspect to something absolutely detrimental. Chemical leaks are a rather harmful accident, especially in industrialized factories. This was the case in 1984 when Union Carbide's safety mechanism failed to detain three tanks of Methyl Isocyanate (MCI for short). As a repercussion, a massive chemical leak of white fog polluted the city of Bhopal's atmosphere within a moment. The tragedy of the Bhopal Chemical Leak leads to the world's curiosity of what happened on that day, why exactly chemicals– such as Methyl Isocyanate –are dangerous, and where the city of Bhopal stands as of today. Devastation struck ... Show more content on Helpwriting.net ... Could it be because of poor management at the plant? What if the construction of the corporation was a horrendous location for the plant to operate? Before the matter of what happened is approached, it is important to understand the decline of the factory. According to a site entitled "The Bhopal Medical Appeal", it was recorded that the manufacturing of the factory was unregulated even from the beginning. For instance, the company's downfall was due to a failed achievement of profiting off of Indian farmers. With the farmers being poor and suffering through a lack of water, Union Carbide's dream of hitting big withered away slowly. It was not until the 1980s when Union Carbide decided to ultimately shut down production at the factory3. Although the company abandoned the plant, Union Carbide decided that the factory was safe enough to vacate. To add, Union Carbide heavily trusted the safety mechanism installed for the purpose of there ever being a chemical leak. The corporation felt no threat towards a potential failure of the equipment. However, three tanks full of Methyl Isocyanate remained untouched as well as a removed flare tower. Also, a shut–off safety contraption lingered inoperable containing a scrubber, a refrigerator, and a water curtain3. On the same night of December 2nd, a maintenance employee visited the dilapidated plant to check on the safety equipment. One pull of the tarnished pipe sent ... Get more on HelpWriting.net ...
  • 58.
  • 59. Essay about Dow Chemical Case Dow Chemical Case Question 1 Polyethylene is the world's most widely used plastic. Polyethylene plastic's principal application was in packaging, from trash bags to milk jugs. It was widely used in the manufacture of everything from trash bags, picnic cutlery and garbage pails, to plastic toys. Polyethylene also replaced glass, wood, and metal in certain applications. There were three types of polyethylene, Low–density polyethylene, High density polyethylene and Low linear density polyethylene. Polyethylene produced from ethylene. Ethylene is produced from oil or natural gas. Ethylene plants separated either naphtha molecules (derived from crude oil) or ethane molecules (derived from natural gas). The ethylene derived from this ... Show more content on Helpwriting.net ... The expansion of its polyethylene capacity in Bahia Blanca would require the company to build a world–class competitive cracker (stage 3). Doing so would nearly triple PBB's ethylene capacity. Therefore, Dow had to not only consider what to bid for PBB in the privatization, but also develop an overall plan for the development of Dow's polyethylene business. Dow had to incorporate the terminal value of each stage of the project. Question 3: The followings are the arguments that support the acquisition of PBB: 1. The whole project will increase Dow shareholder's wealth. As a public company, the first aim of the management team is to increase the shareholder wealth. The project proposed by the management team is definitely consistent with this goal. And bidding on the PBB is the first stage of the whole project. The exact increase in shareholders' equity may be various at this point as it depends on lots of other factors ( we will discuss the risk of valuation thought the whole case.), but in general, the management team is confident in the future outlook. 2. The other important strategic purpose of acquiring PBB is that it is the first stage towards consolidating all Bahia Blanca's polyethylene activity under Dow's control. The 3–stage project will make Dow to be the leading company of polyethylene in Argentina, even in Latin America because of its MNC background. This will have ... Get more on HelpWriting.net ...
  • 60.
  • 61. Human Rights and Case 1. Title of the Case: ABBOTT LABORATORIES: DRUG PRICING CHUTZPAH 2. Statement of the Problem: * Is the increase of the anti–AIDS drug Norvir by Abbott justifiable? 3. Statement of Relevant Facts from the Case i. The company (Abbott) raised its anti–AIDS drug Norvir by 400 percent unless the product is used in conjunction with other Abbott products where there will be no price increase. ii. Norvir is generally too toxic for safe use as a protease inhibitor however works well as a booster to increase the efficacy of other protease inhibitors however the price increase of Norivr does not apply when the product is used as a booster with another of Abbot's protease inhibitor product Kaletra. iii. Price ... Show more content on Helpwriting.net ... vii. Together with the increase in price, the company also showed an action that gives unhealthy competition in which it wants that its products would be cheaper than the others. viii. Novir is priced more expensive compared to other countries whose income is higher than United States. ix. The negative impact of the increase is amplified to those who have low income. 8. Significant Ethical and Moral Issues and Implication of the case (5) x. Government –funded inventions should be priced at a reasonable term as Bayh–Dole Act stated in which case is not followed. xi. A health products which price is increased at 400% is outrageous especially it is a life– or–death AIDS drug. xii. This move of increasing the price makes the customers in a tight spot especially those who are in a life–or–death situation. xiii. The drug was invented on a grant from the U.S. federal government which means that the money on inventing the drug came from the people. This is a double payment of the citizens of U.S. xiv. The company doesn't think of the situation of its customers and only decides where the company has the upper hand. 1. Title of the Case: AIG: DEFERRED PROSECUTIONS ON THE RISE 2. Statement of the Problem * Are deferred prosecution part of the problem or part of the solution? 3. Statement of Relevant ... Get more on HelpWriting.net ...
  • 62.
  • 63. The Disastrous Effects of Human Invention Essay In the modern world, we as despicable humans have consumed the most raw materials of all the living organisms of Earth. We also have produced the most waste of all the living organisms of Earth. From food scraps to plastics to carbon dioxide, we have polluted this planet to its limit. The existence of the human race has turned our home into a giant landfill. Of the many pollutants we put into the environment, one type stands out: plastics. Plastic was created to be a convenient and cheap material for domestic use, but it has caused many problems like the deaths of animals and the contamination of soil and water. One specific type of plastic that has affected the community is polystyrene. Polystyrene, more commonly known as ... Show more content on Helpwriting.net ... One company in particular, Dow Chemical, was the leader in polystyrene and fueled the high demand during WW2.) When the use and production of polystyrene boomed during WW2, polystyrene was being used in items from radio transmitters to plastic bottles. Later in the 1950s Dow Chemical Company scientist, Ray McIntire invented the material that changed the world of plastics, the material we all know a Styrofoam, Ray McIntire invented Styrofoam from the then common material polystyrene by, "Combining styrene with isobutylene, a volatile liquid, under pressure. The result was foam polystyrene with bubble, 30 times lighter than regular polystyrene" ( Bellis 2).This material quickly caught on as an insulator. Also this new interest in Styrofoam lead to more research in polystyrene
  • 64. ... Get more on HelpWriting.net ...
  • 65.
  • 66. How Dow Chemical Could Benefit From The Acquisition Of Dupont Acquisitions and mergers is the growth strategy of many companies today. Sometime a company may decide to buy shares in another company while other times a company may decide to acquire the whole company. This paper discusses how Dow Chemical could benefit from the acquisition of DuPont. It will also cover the various accounting methods used. Introduction to Dow Chemical and DuPont Dow Chemical was founded in 1897 and became incorporated in 1947. Dow Chemical is an integrated science and technology company which produces chemicals, advance materials, agro–science and plastic products. All Dow facilities are technology based operations and provide services to 180 countries. Dow Chemical 's low costing operations and ... Show more content on Helpwriting.net ... DuPont has 6 major segments which include Agriculture, Electronic Communication, Industrial Biosciences, Nutrition and Health and Performance Material and Safety. 54% of DuPont 's agriculture sales are outside the United States. DuPont is one of Dow 's major competitors worldwide and is the second largest chemical company in the United States [E I du Pont, 2015] and [Investor Relations, 2015]. DuPont has been facing several challenges over the past year. A recent Wall Street Journal article outlines the challenges DuPont is dealing with as a decline in sales and disagreements amongst shareholders. DuPont is blaming much of their troubles on the increase value of the U.S. dollar and foreign currency translations. Shareholders believe that now is the time to streamline their processes and spin off DuPont into 4 different companies [DuPont Forecast, 2015]. Financial Statements retrieved from Market Watch support the articles claim that DuPont sales are declining. DuPont has seen their sales growth decline to a negative 2.87% and their cost of goods sold growth decline to a negative 16.65% [DuPont Financial, 2015]. Dow 's Strategic Plan Dow Chemical is known best for acquiring other companies. In October, 2014 Dow formed a joint venture with Univation Technologies, LLC by purchasing ExxonMobil 's shares of this company. Exxon Mobile is also a major competitor of Dow. Acquisitions have allowed Dow Chemical to diversify their product line and ... Get more on HelpWriting.net ...
  • 67.
  • 68. Dow Chemical Business Analysis Dow Chemical – Business Analysis Part 2 Cherry Fugate–Lange Management 521 June 7, 2012 Dr. Albert Smothers Dow Chemical – Business Analysis Part 2 Historically, the chemical industry has operated in a competitive environment, which is not anticipated to change. Dow experiences significant competitions in each of its operating segments as well as in each of the geographic areas in which it operates. Dow competes globally on the foundation of quality, technology, price, and customer service and operates in an integrated manufacturing environment. Basic raw materials are processed through many stages to produce many products that are sold as finished goods at different points in the process. Dow has two major raw material streams ... Show more content on Helpwriting.net ... BASF serve customers and partners in almost every country in the world. In 2011, BASF posted sales of $73.5 billion. (BASF web site) BASF's Liquidity ratio is a follows: Current Assets = 27,088 million Current Liabilities = 16,447 million Liquidity ratio = 27,088/16,477 = 1.64 BASF has $1.64 of current assets for every $1.00 of current liability. The current ratio should be at a 2 or greater to be considered a safe risk; however, BASF is a reputable global organization considering the investment to be a safe risk. (Nickels, McHugh, & McHugh, 2010, p. 20–21) BASF's Acid–test ratio is a follows: Cash = 2,048 million Accounts Receivable = 10,886 million Current Liabilities = 16,477 million Acid–test ratio = 2,048+10,886/16,477 =. 78 BASF has a .78 acid–test ratio. The ratio needs to be between a 0.05 and 1.0 to be satisfactory. The acid–test ratio determines whether an organization has enough short–term assets to cover immediate liabilities without selling inventory. (Nickels, McHugh, & McHugh, 2010, p. 20–21) BASF's ratio is in line and right where it should be; furthermore, considered satisfactory in regards to this measure. BASF's Debt to owners' ratio is as follows: Total Liabilities = 35,790 million Owner's Equity = 25,385 million Debt to owners' ratio = 35,790/25,385 = 1.41 or 141% The Debt to owners' ratio should be ... Get more on HelpWriting.net ...
  • 69.
  • 70. A Brief Note On Dow Chemical And Industry Q7 From Q6, all regressions models ran by Single Index Model, a model helps to split a security's total risk into unique risk and market risk, α is the intercept of the single index model in which evaluate the expected excess return of the security , and β is the security's sensitivity to the market index, while e represents the unsystematic risk of the security: Basic statistics ran from Q6 given as follow with the average industry performance: EBAY INDUSTRY α 0.025 0.162 β/raw β 1.155 1.441 R^2 0.375 0.294 Table1:Comparison between eBay and Industry DOW CHEMICAL INDUSTRY α –0.026 –0.306 β/rawβ 1.562 1.418 R^2 0.610 0.308 Table 2: Comparison between Dow Chemical and Industry DOW CHEMICAL EBAY α –0.026 0.025 β 1.562 1.155 R^2 0.610 0.610 Table 3: Comparison between Dow Chemical and eBay Data analysed from regression give the beta as 1.56, and intercept as –0.026 for Dow Chemical, and for eBay is 1.15, 0.025 respectively. As stated by the Beta Screen(Bloomberg), those betas are identical, likewise R–square, and alpha defined by the same historical data from 2010 to 2014. Additionally, the relative analysis in the RV screen from Bloomberg, indicates that the raw beta, alpha, and R–square almost the same with regressed one Compared with the results from Dow ... Get more on HelpWriting.net ...
  • 71.
  • 72. Dow’s Expansion into Nuclear Weapons and the Aftermath Essay Dow's Expansion into Nuclear Weapons and the Aftermath Rocky Flats Plant, a nuclear weapons production facility managed by Dow from 1951 to 1975, produced plutonium triggers for hydrogen bombs. A number of accidents took place under Dow's management during this period. In 1957, radioactive particles were released into the atmosphere due to the burning of plutonium dust by a fire in the facility. In 1967, 3,500 barrels (560 m3) of lubricants and solvents, laden with plutonium, leaked into the ground. Another fire took place in 1969 and it was the costliest industrial accident in the USA up to that time. Finally, Rockwell International took over the management of the facility in 1975. In 2008, a federal judge ordered Dow and Rockwell to pay ... Show more content on Helpwriting.net ... The original product wasn't so hot – if the gooks (Vietnamese) were quick they could scrape it off. So the boys started adding polystyrene – now it sticks like shit to a blanket. But then if the gooks jumped under water it stopped burning, so they started adding Willie Peter (white phosphorus) to make it burn better. It'll burn under water now. And just one drop is enough; it'll keep on burning right down to the bone so they die anyway from phosphorus poisoning." Agent Orange was another of the Dow's horrific innovations. This time it was with another company, Monsanto with Dow being the principal manufacturers. Agent Orange, a chemical defoliant containing dioxin, was used during the US military's chemical warfare in Vietnam. US air force planes bombed jungles and paddy fields with Agent Orange to destroy forest cover and food crops used by the Vietnamese resistance and villagers. The defoliant which was poison in itself was also contaminated with dioxins which caused serious health effects in generations of humans. In 2005, a lawsuit was filed by Vietnamese victims of Agent Orange against Dow and Monsanto Co. The lawsuit was dismissed whereas, Dow settled for $180 million with 4,000 American veterans exposed to the herbicide during the Vietnam War in 1984. The Vietnamese victims are still waiting for justice to be delivered. Dow has misused its knowledge ... Get more on HelpWriting.net ...
  • 73.
  • 74. Value Management Student ID: 15672856 PROCUREMENT PERFORMANCE AND VALUE MANAGEMENT INTRODUCTION To realize the success of a project, the value must be attained through the core objectives and goals of the project to the stakeholders. This could be achieved by using the right processes throughout the project life cycle. VALUE MANAGEMENT Value Management (VM) is a well structured or established process that is used for defining and maximizing value of money (OCG, 2007 p.3). It is applicable to all sort of projects regardless of being big or small and the duration and it runs throughout the project life cycle from the inception to completion. Its benefits have been found to be efficient and effective when an external facilitator being a consultant or ... Show more content on Helpwriting.net ... al., 2011). EXAMPLE FROM PUBLIC SECTOR Value Management was applied in the California Department of Transport (Caltrans) when Anthler's Bridge Crossing was being re–constructed by saving £7million and increases its traffic operation performance by 19%. This has aided in solving the problem of transportation from the previous constructed bridge and its traffic congestion and reduces life cycle cost to maximize project performance (OGC, 2007 p.39) EXAMPLE FROM PRIVATE ORGANISATION The Dow Chemical Company over the last four years has developed a vision, functional systems, and tools, for the 'value management' of its Intellectual Assets (IA). This initiative has developed some competencies in the area of 'measuring and valuing' IA, and in developing systems that support the leveraging of IA for maximum value (Petrash, 1999) CONCLUSION In conclusion, PM's must ensure alignment of value management and procurement performance management to have effective procurement process since the two are correlated. Implementing these two concepts reduces waste and defects, increases production efficiency, reduce cost and also help in decision making. REFERENCE Capital Development Guidelines, (CDG) (2010), Value Management [Online]. Available from http://www.capital.dhs.vic.gov.au/capdev/PlanningEvaluation/ValueManagement/ (Accessed: 18 June 2011) Knudsen, D. (1999), Procurement Performance Measurement system [Online]. Available from
  • 75. ... Get more on HelpWriting.net ...
  • 76.
  • 77. Essay on Use of DBCP and Relation to Infertility Use of DBCP and relation to infertility Dow produced DBCP (1,2–dibromo–3–chloropropane), a soil fumigant, and nematicide, which was sold under the names the Nemagon and Fumazone until the late 1970s. US banned DBCP in 1979 after it was linked to human sterility in California. But, Dow and three other companies continued producing the hazardous pesticide DBCP for years after it was banned and exported it to developing countries. Animal testing had revealed that the product caused male sterility in rats and the companies knew about it at least since the 1960s, but concealed this information. They also neglected to report the related findings of reduced sperm and atrophied testicles of rabbits and monkeys in the information submitted for ... Show more content on Helpwriting.net ... The company, however, continued to market Dursban in developing countries, including India and claimed it was safe for humans and pets. In 2003, Dow agreed to pay $2 million – the largest penalty ever in a pesticide case – to the state of New York, in response to a lawsuit filed by the Attorney General to end Dow's illegal advertising of Dursban as "safe". Acquisition of Union Carbide The Bhopal Disaster of 1984 was the worst industrial disaster in the history of the world. It was caused by the accidental release of methyl isocyanate (MIC) from a Union Carbide India, Limited (UCIL) pesticide plant located in the heart of the city of Bhopal. UCIL was a joint venture between Union Carbide and a public/private consortium of Indian investors. The MIC leak killed thousands outright and injured anywhere from 150,000 to 600,000 others, at least 15,000 of whom died later from their injuries. The contamination due to the leak is still active and no cleanup has been done till now. Despite the involvement of Union Carbide in a criminal case in India, location of the plant in the heart of the city and the disaster site still not cleaned up, Dow bought Union Carbide in 2001. The transfer of ownership led to complicating the issue of cleaning up the plant and its environs of hundreds of tonnes of toxic waste, which has been left untouched. Environmentalists have warned that the waste is a potential minefield in the heart of the city, and ... Get more on HelpWriting.net ...
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  • 79. Case Study Of Bhopal Gas Tragedy HAZARDOUS CHEMICAL PROJECT December 2nd of 1984 marked the eve of one of the world's most extensive and deadliest industrial disasters, known now, thirty years later, as 'The Bhopal Gas Tragedy' or 'The Bhopal Disaster', among others. Essentially: between twenty–seven and forty tons of methyl isocyanate gas and other assorted chemicals leaked from a tank at a plant owned by Union Carbide India Limited (UCIL), the Indian subsidiary of the American company Union Carbide Corporation (UCC), itself a subsidiary of the Dow Chemical Company (Eckerman). This catastrophic failure followed the introduction of water into an MIC storage tank, which caused an explosive chain reaction (Dhara). The chemical cloud produced by the reactions, which the plant's ... Show more content on Helpwriting.net ... The plant's placement (near a densely populated area) was noted as hazardous years before the tragedy, but UCC insisted on the location. The planning board's motivation for their insistence was primarily that it was cheaper to build using a pre–existing plant in the non–ideal location as a basis rather than building an entirely new plant in the more thinly populated area the Bhopal government had designated for hazardous industry (Eckerman). Had the plant been built in a more sparsely populated area, casualties and damage from the gas leak might have been drastically reduced. The tragedy might have been completely averted had UCC opted to use the more expensive production process (obviating the need for MIC) instead of the cheaper, more dangerous process (as discussed above). More economies were taken with the safety and security systems (Eckerman), which, properly installed and maintained, might have kept the tragedy from happening or lessened its effects; although the company maintained at first that the Bhopal plant was equipped as well as were its plants in other countries, UCC later admitted that the safety equipment in the plant was subpar ... Get more on HelpWriting.net ...
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  • 81. Summary : Dow Chemical And Dupont Cybersecurity Background Summary On June 28, Dow Chemical and DuPont stated provided an update to their much anticipated merger agreement of both companies, which will occur sometime in August 2017 (DuPont, 2017). This will surely prove a challenge as this will be a massive worldwide merger, as both companies employ personnel on a global scale. Not only will it this merger be a personnel challenge, but a challenge for cybersecurity as well. As companies begin to expand, and technology merges more fully into the workspace cybersecurity becomes more of a challenge that must be faced. Computer and cybersecurity go hand in hand in today's evolving business world; if neither of these things are done well, a business has the potential of ... Show more content on Helpwriting.net ... When information is initially placed into a user's computer, it must somehow be routed, and the various layers of the Internet allows for this to occur. One can think of an example of a person sending a package and using the services of a postal carrier to think of how data is carried through on various networks and its levels. The Internet is a wonderful place, but it can also be incredibly scary as it was initially designed to share information and not necessarily to ward against those that would do harm against others. In today's ever evolving work place, something as simple as network patching can reduce the company's attack surface up to 70% (Stewart, 2017). Overall, a company must become more proactive in their thought process. It is no longer about the possibility of an attack occurring, but more than likely the 'when' of a cyber–attack occurring to a business. In addition to keeping up with patches, a company should have security products installed such as firewalls, anti–virus programs, or anti–malware software in order to block or contain threats if they do get through. Lastly, many cyber incidents start with human error; in tests done by the firm Critical Defense (the firm does post–breach forensic investigations), the executive vice president stated that 75% of the time, "we tricked end–users into doing something they should not have done, like click a malicious link, enter a user ... Get more on HelpWriting.net ...
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  • 83. Corning Glass Company Case Study Corning Glass Company is an old company founded in the US, specifically in Massachusetts that manufactured glass, ceramic, and related materials usually on an order basis, which means it did not had a determined market other than satisfying particular demands from its customers and taking opportunities manufacturing Original Equipment for larger companies. Corning Glass was established in Corning, New York in the mid 1800s. Corning Glass's operations were in Corning but as the company grew they opened plants and sales offices throughout the country. By 1968, most of their 40 plants were located east of the Mississippi River. Most of them were headquarters but two of their major divisions were in Corning. (Beer, M. 1983) The Electronic ... Show more content on Helpwriting.net ... For that and other reasons they started to reduce personal and expenses sharply, and problems between departments were everywhere. Each department had something to claim about the others; the lack of communication, confident and trust became the main reason of the uncomfortable situation. The business continued to be very competitive, morale was low and there were conflicts between workers and departments. The organization was not pulling things together and the lack of coordination was affecting their ability to develop new products. (Beer, M. 1983) One of the most complicated issues was in the Marketing department, but they were not the only ones with some difficulties. Sales blamed finance of the lack of information about the goals, manufacturing blamed sales of giving their products away at too low prices and marketing of not planning correctly in order to obtain the highest profits possible. There were rumors everywhere, some people said that Product Development's priorities were wrong and their projects were always late, but at the same time Marketing was irritated about the lack of collaboration and the negative attitude form Manufacturing. Every department was in chaos during those days and Mr. Joe Bennett had the responsibility to fix it. (Beer, M. 1983) This crisis was mainly generated from the following causes: Low Quality Management: Joe Bennett redesigned the whole company, by changing the structure, relocating the headquarters and ... Get more on HelpWriting.net ...