America history since 1865 Essay Example | Topics and Well Written Essays - 750 words

America history since 1865 - Essay Example After the Civil Rights Movement, all practices that discriminated the negro that include laws, norms (giving up a seat to a white), segregation was ended and paved the way for policies that elevated the Negro to have more place in American society such as the Affirmative Action Policy. Today, United States has now an Afro American President to the person of President Obama which would not have been possible without the Civil Rights Movement. II. Growth of government and state power   The New Deal was a government program of action by President Roosevelt to address the Great Depression when he assumed office as a President of the United States on March 4, 1933 I believe is the most important aspect of government’s growth and state power. The New Deal lifted the United States economy from the shambles of the Great Depression to become an economic superpower after the Second World War. President Roosevelt’s New Deal involved a series of economic programs focused on Relie f, Recovery and Reform of the economy not only to address the Great Depression but also to avoid the repetition of the same. Among the programs of his new deal was the obtained permission to reopen most banks and provided grants to citizens. He instituted government initiated work programs to generate employment through the Works Progress Administration (WPA) programs. President Roosevelt also pump primed the economy with the widespread public spending on infrastructure by constructing roads, buildings, dams and similar projects through his Public Works Administration (PWA) which provided not only jobs but income in the system. He also enlisted young men in the Civilian Conservation Corps (CCC) to work on conservation projects. President Roosevelt’s New Deal was to elevate both income and prices which dropped during the depression. When Second World War came in 1941, President Roosevelt shifted his attention to foreign policy to address the war. The war proved to be good for the US economy because the massive spending to build war machines double the country’s Gross National Product or GNP and reduced unemployment rate from 14% to less than 2%. III. United States Foreign Affairs   I would like to discuss the immigrants in the Chesapeake and New England as America’s early experience in Foreign Affairs because these migrations in 16th and 17th century helped shape the kind of country that she is today. In between 16th and 17th century, immigrants from England settled into the eastern coast of the colonized New World which was then known as America. These groups settled into two regions which were the Chesapeake and New England areas. Chesapeake included Virginia, Maryland, New Jerseys (East and West), Pennsylvania and Jamestown while New England composed of included Massachusetts Bay Colony, Plymouth, Rhode Island, Connecticut, and New Haven. While these immigrants came from the same country and spoke the same tongue, they proved to become different kind of people when they settled into these regions of America. Settlers in Chesapeake came into America mainly for economic reason while immigrants in the New England settled in America to escape the religious persecution back in England. Those who went to Chesapeake were into finding riches while those who settled in New England hoped to have religious freedom which they did not have back in England. Having different reason and motivation

Feature Writing Essay Example | Topics and Well Written Essays - 1000 words

Feature Writing - Essay Example I cry sometimes, because it hurts. It does. To be honest, I guess you could say that it hurts to be me.? (ImDB) He had a failed marriage with the daughter of another famous singer in his time, Elvis Presley. His marriage with Liza Presley shocked the world, and yet many were happy to see him married. This marriage lasted only for nineteen months, and ended with a divorce. He did not have a child with Liza Presley. (BBC news, 2004) He wanted children and likes to have children of his own, so he married Debbie Rowe to become the mother of his children. Michael paid Debbie a handsome amount of money to bear him children. Debbie bore her two children thru artificial insemination and did not have physical sex relation with her. Prince Jackson and Paris Jackson are now ten and nine years old and remain to be in the custody of Michael. Michael managed to keep his children away from the press for a long time, but a picture has been sneaked in and shown in this report. A dramatic scene was reported when wife Rowe delivered the second baby and Michael took the baby right away even when she was still bloodied and umbilical cord still intact. Michael divorced Debbie when he was told she could no longer give him another child after two years of marriage. (Witheridge, Annette, 2008) â€Å"I have spent my entire life helping millions of children across the world. I would never harm a child. It is unfortunate that some individuals have seen fit to come forward and make a complaint that is completely false. Years ago, I settled with certain individuals because I was concerned about my family and the media scrutiny that would have ensued if I fought the matter in court. These people wanted to exploit my concern for children by threatening to destroy what I believe in and what I do. I have been a vulnerable target for those who want money.(IMdb) The admiration of his fans did not diminish in spite of these charges; however, different

Continuation of 3003 3b Essay Example | Topics and Well Written Essays - 500 words

Continuation of 3003 3b - Essay Example The poem is a dramatic monologue written in 1842. In the poem only of one side of an ongoing conversation is heard. Although the speaker is unnamed, he is an Italian Duke of Ferrara while the listener is a messenger. The messenger comes from a Wealthy Count. He brings a marriage offer to the Duke with the Count’s daughter. From the poem, the crucial aspect is the revelation of the Duke’s character in the way he says what he has to and how he says it. In the monologue, the reader’s focus is on solely on the speaker who unsparingly brags about his wealth. Further, the Duke steadily relates the disposal of his earlier wife with offense to his vanity. In his bragging, the Duke fails to mention his last wife by name and only signifies her as mere possession like any other he had. In addition, the term ‘Last’ could have been used to signify previous or the most recent in a lengthy line of other previous wives. Irony arises from the fact that the Count mess enger’s visit, intends to arrange for marriage dowry for the Count’s daughter. From the portrait, the Duchess is revealed as having a very innocent personality. It is because of her beauty that the Duke develops negative emotions of jealousy and apathy and ends up killing her. He justifies his actions with the madness that he could not love without possessing especially since ‘her looks went everywhere’. Through his motivation to destroy the Duchess identity, the Duke ends up literary killing her, but leaves behind her portrait, which he shows off to his guests. The short story is an almost exclusive dialogue that portrays a serious discussion in a situation involving the decision-making affecting the lifetime of a young female (Paul, 2005). In the story, Hemingway provides the role of an eavesdropper to the audience regarding the conversation between the couple.

Delivery of Customer Service Excellence within UK universities Essay Example for Free

Delivery of Customer Service Excellence within UK universities Essay There has been continuous increase in the number of people pursuing higher education. This has been contributed to by the changing society that requires one to continuously update and keep up with the education standards. As the demand of education increases, there is an increase in demand for higher education in the face of decreasing government funding (White, 2007, p.67). The decrease in government funding in many countries has resulted to self-sponsorship among most of the students. With the students, being self-sponsored there is need for amore market driven stress on focus on the customers’ needs and in this case, the students are the customers. As the number of students with the objective of going to universities increase so does the application of marketing in the field of higher education (Lomas, 2007, p.456). The marketing of university services has necessitated the change in the relationship of the students and the university to have a customer provider relation. The treatment of students as customers has been at an increase due to the increase in number of universities. The increase in number of universities increases competition-necessitating need for customer service among the universities to increase the number of student’s enrollment rate. To establish if the students are customers one has to determine the services provided by universities and the consumers of the products or services provided. According to Martinez (2013, p.56), education provision can be classified as a service, which can be separated into service delivery and service content. Whereby service, content cannot be negotiated with the students but service deliver is negotiable. Simple the content covered in the classrooms is not determined by the students but the way in which this content is delivered can be negotiable. The customers of the service provided by the universities are students. The service delivered in this case refers to the standard way in which education is applied or impacted on the students. The quality of service is determined by the standards applied in an institution, the equipment’s applied, technology, materials, instructor, and the timing in which this education takes place. The two types of service provided by the universities attract different consumers. The service content attracts customers that are external to the institution who include private and public employers and the society. The students are described as the service consumers since they are partners with the institutions and are the main consumers of the services provided by universities. Universities can also be described as service providers since it cannot be classified as service provider since they do not manufacture any of their final products instead they offers good that are not physically visible. Having classified the services provided by universities it could be established that there are several types of consumers of the universities products. The main customers are however, the students who are directly affected by the quality of services provided. Secondly, there are external consumers who are affected by the services provided in a secondary level. Having established students as consumers then universities should strive to always satisfy customer’s needs. In addition, universities should be improved by comparing them with the service provision industry, as an ever-increasing competition forces to do so. Trends in the universities also draw it closer to customer-oriented service industries. Students   want to be involved in the decision making process of the universities more than depending on the market forces, this qualifies   the students to be the customers since the articulation of their opinions increases or decreases the royalty and retention rate of the universities customers. In some countries like UK and Austral, universities senior management and government agencies insist on the need to consider students as the customers. This is evident in Oxford University where the satisfaction of the students is a paramount objective for the institution. This is justified by the fact that the marketing department of the university has students suggestion cites where they collect the needs and wants of the students. This opinion is however, not supported by the academic staff that states that recognition of students as customers decreases the quality of education since the needs of the students are not in all cases right like the expectation in businesses(Lomas, 2007, p.34). Governments all over the world and particularly the UK government have been seen to put in place mechanisms for assessing the quality of the services provided by universities. This assessment is meant to allow the government to identify areas that need improvement. The government also puts in place measures that drive up the quality of education and provide enough information about the universities that will help students determine on what institution is proper or the best among the many provided. Government makes reforms at universities to change the perception of universities into business –like organizations (Lomas, 2007, p.54). According to Pittman (p. 342), the relationship between the student and the universities are special unlike most of the service industries. The recognition of universities as service providers, in one way or another the market forces lead into the treatment of the institutions as businesses. The treatment of universities as businesses has been evident in the running of Cambridge university and other leading universities in the UK that engage in marketing strategies aimed at pleasing the students in the universities. This therefore includes the marketing strategies used by businesses. The business focus is the satisfaction or meeting customer needs and similarly universities should focus on meeting the students’ needs to survive in the market. Students attend universities with different objectives including, pursuit of their person interest, desire to gain qualifications, prepare for academic and research careers and preparation for the world of work. These needs are sufficiently provided by most of the universities however, the students choose the universities that provide these services with a more customer centric culture. The universities are now under pressure to make the students feel as the kings and at the same time not deteriorate their standards of their curriculums or standards. This calls for the universities to differentiate themselves and creating a customer oriented relation with the students to increase the enrollments and retention rate. Customer Relationship Management Theory Customer relationship management is an important aspect of any business. It is the process of obtaining, retaining an increase the market share, or customer base of a business. It includes the management of off-line and in-line relationships with consumers. Customer relationship management requires the running of business in a customer centric approach that considers the customers first. Universities have increased in number necessitating the need of marketing activities that differentiate each university and increase their competitive advantage. The ever-increasing competition levels have brought about changes in the dynamics of the education business particularly in the university level. The customers of universities have continuously been enlightened and choose the best among the universities. This has increased the need and importance of a customer centric culture that strives to understand the customer’s needs. Universities have understood the need to invest in new technologies to allow them to gain advantage in the competition by exploiting their brand value, customer base, and investments in infrastructure in order to increase the number of enrollments, as their direct link to the customer satisfaction and profitability (Martinez, 2013, p.56). Customer relationship management allows the universities to analyze their consumers at different levels to allow the detection of their needs, preferences, potential areas that require improvement and after this, the universities are able to establish or implement the necessary actions to achieve customer satisfaction. Universities engage in every year orientation for the students to display the facilities in the institutions. This is evident in Manchester University, Liverpool and Cambridge that allow the interested students to view the facilities and from their judgment choose a university that best suits their needs. Achievement of customer satisfaction is a core objective to many businesses as it increases the competitive advantage and thus increasing profitability of the organization. The increase in number of universities increases the bargaining power of the consumers who in this case are the students. Today students want to enroll in universities with better services, lower fees, good infrastructure, skilled tutors, and access to various services within an institution. This pressures the universities to look for new ways that are going to satisfy these needs and ways to keep the students and the rest of the customers satisfied before any other institution does (West, Ford, Ibrahim, 2010, pg.89). According to Bay, Darlenen, Daniel, Harold (p. 15), students are the purchasers of the service provides and therefore the customers of some of the campus services and the facilities, which are provided at a price. Students have to pay for the education provided at full price in order to benefit. The service provider determines the standards of the service though the services provided at aimed at satisfying the customers. This is similar with the universities who are expected to determine the needs of the customers but at the same time ensure that they satisfy the customer’s needs. Students can also be seen as clients of the campus facilities such as libraries, administrative services, and computer laboratories. Students could use these services as free of charge but since they are charged this makes the students the clients of the universities. These universities have a responsibility to the students Total Quality Management According to total quality, management customers are the people to whom an organization sells its services or products. This makes the students and in some cases the parents, private and public institution, and the government the customers of the universities. TQM model identifies students as stakeholders in educational decisions. They are however, not the only stakeholders and at times, the needs of the students come second to those of the society. Under the TQM, frame work the students create a market force under which the universities have to adopt to survive in the market (White Naomi, 2007, p. 600). The TQM model states that quality starts and ends with the customer, this is because of the increased competition in the market that has necessitated the focus on the customer to gain a competitive advantage. According to the concept, the satisfaction of internal customers leads to the satisfaction of the external customers and consequently every customer both the external and internal are satisfied. The theory states that several factors including, customer expectation, company operations, and the employees responsible for delivering the services to the customer bring about customer satisfaction. The creation of a customer centric culture is of great importance to an organization. This creates satisfaction among the consumers and the customers increasing their royalty and increases the retention rate of customers. Focus on customers increases the advertisement of a product by the word of mouth of the satisfied clients reducing the operation cost and increasing the number of consumers. Concentration on consumers is the best tactic or weapon against competitors since the customers are the final determinants in the existence of an organization (George David, 2007, p.970). Universities are businesses that should re-orient the services rendered so to keep the customers satisfied. In the past universities were not treated as businesses since there were countable universities and the number of students were minimal and there were no competition. Currently the market is flooded with universities, which increases the need of the perception of the customer as the king and always right. With the increased number of universities the buyers of universities services are fewer and this increases the need for quality services   which is dependent on the extent that   an university is able to meet and exceed the customers’ requirements (King, 2001, p.190). Total quality, management recognizes the student’s perception of quality change as they progress from one stage to another. This allows the institutions to continuously update their services to meet the customers’ needs and expectations in every level, Needs of the customers in universities consist of the minimum necessary human elements that must be rendered to retain the customers in this case the student. If the students’ needs are not met then they are likely to discontinue their education in one university and continue in another that meets its needs. Universities are defined to be successful if the student enrollment and retention rate is high compared to the rest in the market. Total quality, management programs are also seen to be successful if they facilitate customer retention and enrollment in universities. Needs and want satisfaction in universities is therefore structured towards the basics of performance, providing what the students want and what they are unable to survive without (White Naomi, 2007, p. 600). Ways in Which Expectations Can Be Managed and Service Excellence Achieved Universities can use different mechanisms to improve their service excellence. The first strategy on improving service excellence is the determination of the superior services they offer. The service must identify and target customers segments according to the type of services attributes that they must demand. Universities must identify group or students with similar expectations in terms of what aspects are associated with the excellence in service. The universities should continuously find the proper trade- off between inferior performance for one attribute with superior performance for another (Bay, Darlene, Daniel Harold, 2001, p.16), The customers themselves best understand their needs. Expectations can be managed if the service providers are able to understand the needs of the customers. In universities, the students are the main consumers of the services offered. Universities should identify the students’ needs by encouraging feedback on the services provided. This allows the meeting of their needs and consequently increasing the customer royalty and the enrollment rate. The second strategy is the employee management system that allows ensures that the employees treat the customers are content. Universities should ensure that their employees meet the needs of the customers and have a customer centric culture. In the case of universities the academic personnel should ensure the student’s needs are met and also that the services rendered are of quality (Lomas Laurie, 2007, p.35) The third element is benchmarking the service provided and the services provided by other universities. This allows the universities to identify the areas that need improving and the areas that are outstanding. This allows the universities to merge or close up the gap between them and their competitors. Benchmarking also gives new ideas of products or the services that the competitors are offering. This increases the products offered and the quality of service (West, Ford, Ibrahim, 2010, pg.89). The fourth element is continuous improvement of the services and products offered by institutions. The continuous improvement of services reduces the chances of products becoming obsolete. University students needs keep changing with periods, change in equipment infrastructure, and the time. This necessitates the universities to update their services continuously so at to increase customer satisfaction and maintain customer royalty. The last step is being of conscious of bad service delivery. Looking at the past bad experiences allows and institutions to learn what are being done wrong. Continuous review of past mistakes allow the correction of the poor standard services previously provided and introduction of new services that meet the customers need. The last is the implementation of technology to improve customer satisfaction and in meeting the customer needs. The increased perception of students as customers has increased the enrollment in most universities. This is because of the students feeling that their needs are catered for. This has been evident with the increased enrollments in the oxford university. Conclusion The focus on customers is a core objective for any business. Universities are classified as service delivery business with the students being the major customers. The identification of the customer needs is a relevant and important factor in the satisfaction of customer needs. In universities and higher education institutions students are classified as customers since they are the purchasers of the services provided by the institutions. Universities are obliged to provide quality services to the students. There has been increased number of universities with time, which has increased the competition among the universities to gain competitive advantage. The increased competition has necessitated the need for a customer centric culture to gain more customers. References Bay, D.   Daniel, H. 2001. â€Å"The Student Is Not the Customer-An Alternative Perspective†, Journal of Marketing for Higher Education Vol.11, No. 1, pp.1-19 Biswas, S. 2011. Relationship marketing: concepts, theories and cases. New Dehli, India, PHI Learning. George, D. 2007. â€Å"Market Overreach: The Student As Customer†, The Journal of Socio-Economics, Vol.36, pp.965-977 HErnon, P., Whitman, J. R. 2000. Delivering satisfaction and service quality: a customer-based approach for libraries. Chicago, American Library Association. Hess, E. D. 2011. Growing an entrepreneurial business: concepts and cases. Stanford, California, Stanford Business Books. King, S.P. 2001. â€Å"The Funding of Higher Education in Australia: Overview and Alternatives†, The Australian Economic Review, Vol.34, No.2, pp.190-194 Lomas, L. 2007. â€Å"Are Students Customers? Perceptions of Academic Staff†, Quality in Higher Education, Vol.13, No.1, April, pp.32-43 Martinez, M. 2013. Creating a service culture in higher education administration. West, D. C., Ford, J. B., Ibrahim, E. 2010. Strategic marketing: creating competitive advantage. Oxford, Oxford University Press. White, N, R. 2007. â€Å"The Customer Is Always Right? Student Discourse About Higher Education In Australia†, High Education, Vol.54, pp.593-604.

Mergers and Acquisitions in SME Lending

Mergers and Acquisitions in SME Lending CHAPTER 1 INTRODUCTION In the process of industrialization small business plays an important and economic growth. It increases per capital income and output, makes available employments for the labour market and usually promotes successful deployment of resources which are considered vital to steering of economic development and growth. It is presumed that the lower income segments of Nigeria benefit when SMEs have better access to finances because they alleviate poverty by creating more jobs and better wages. ( Emeni and Okafor 2008). In many of the developed economies and developing economies both have come to value, realise and appreciate small businesses. Being that small business are pioneering, well-organized, resourceful and allows fast decisions process to be taken because of their relative small size. They are major players in the process of industrialization and economic development. ( Ememi and Okafor, 2008) In most up-and-coming nation of the world, small and medium enterprises (SMEs) have become the vanguard of economic expansion. They create employment opportunities as the most significant employer of labour force; in addition they increase the nations per capital income and output invariably increasing the GDP by effective resource utilization. Also in large developed nations, SMEs plays a noteworthy role in influencing the economy. Taking China for example, SMEs are said to be accountable for sixty percent of the industrial output employing seventy-five percent of the workforce in the metropolitan centres. ( Anas A.Galadima, 2006). All over the world and in all country, government have come to realise the significant of this class of companies. And as such have originated all-inclusive policies to encourage, give confidence, support and promote the establishment of SMEs. Improvements in small and medium enterprise are a plus for employment generation, solid entrepreneurial base and encouragement for the use of local raw materials and technology. (Oladele, 2009). There are a lot of challenges that SMEs face in both the developed and developing countries and they are massive. One main aspect is financing, the ability to obtain and acquire loans. Most small businesses are not attractive prospects for banks. Berger et al. ( 1998) suggest that larger banks may be less predisposed than smaller banks with less complex structure, to supply credit to small businesses. Back home in Nigeria the talk is very similar with the on-going of other country. But of late the Bankers Committee intervened in 2001 with a scheme called the Small and Medium Industries Equity Investment Scheme (SMIEIS). The idea brought life and empowerment to SMEs discarding all other credit schemes which were not properly implemented. (Aina, O. 2007). Nigerian banking reform is a product of global effort and consolidation is one of its major achievement that everyone have welcomed happily. This consolidation wave has greatly enhance the average magnitude and size of banking institution generally. The mean size of the total assets of banks has increased by 439% from 2003 – 2009, recording =N=2767.78 billion to =N=14,923.00 billion banks total assets figure (CBN report 2009). Prior to the introduction of banking reform, the banking sector was repulsively undersized, small, weak and frail, leading to numerous and several economic setback. Besides the benefits related to consolidation on the supply of credit to small and medium enterprises, merger and acquisition have also increase the size of banks from small less complex establishment to conglomerate multinational companies in Nigeria. These includes mobilization of domestic savings, improved allocation of resources, elimination of deep-rooted inefficiency , mobilization of foreign savings and above all enhanced accessibility of small scale funding. But in all these what is less comprehensible, is the effect that bank MA has on the supply of credit to small businesses in Nigeria.(Emeni and Okafor, 2008). Related Literature Other related studies have established some well renowned facts on the effect of consolidation on small business lending. In a recent article Berger, Allen N., R. Demsetz and P. Strahan. (1999) suggest that consolidation is only valuable and favourable to a certain extent. The consequences of consolidation could have direct and also indirect effects. The direct effect being an increases in bank size, increase in market share and enhance bank performance, the indirect effect can be a reduction in the availability of financial services to small businesses. (Berger, Allen N. R. Demsetz and P. Strahan. 1999). Other studies Vera and Onji (2010) illustrate that because most small businesses depend greatly on less complex small banking institution for their principal source of funding, consolidation of the banking industry may reduce ease of access of loans to small business in the US. Earlier researchers find that small businesses have not been unfavourably affected by bank merger and acquisition on making credit available to small business (Peek and Rosengren 1995, 1998; Berger et al. 1995). This is because these studies relied on data up to the mid-1990, while data as at 1995-1997 being the peak of consolidation were not fully employed. This has proven to be of interest to further scrutinize whether the new wave of consolidation may affect small businesses differently. In view of this importance piece of information and the imperfection of the market mechanism to mobilise and allocate financial resources to socially desirable economic activities of any nation it is worthwhile to investigate the relationship between merger and acquisition and credit availability. Based on the above background, the enthusiasm and motivation of this research is to critically scrutinize and observe if there is any relationship, or connection between bank mergers and acquisitions as a resourceful solution to lending. This study, therefore, want to investigate and find evidence that consolidation between banks of diver structure and asset base that occurred as a result of the Nigerian banking reform of 2004, could negatively affect small business lending. This is the reason why we choose to examine the effect of MA to SMEs in Nigeria. Aim and Objective Aim The main purpose of this dissertation is to examine whether bank mergers and acquisitions are a resourceful solution to lending to SMEs. As a result the main research question is: Do banks mergers and acquisitions increase or decrease credit availability to SMEs? This leads to a number of sub-questions: Does financial performance in the banking sector adversely affected small business lending after MA occurs? What other factors affects or is responsible for credit availability to SMEs from the Nigerian banks? To present key findings and recommendation based on data analysis and information collected. Research Methodology There are several research methods that could have been used in this work, such as a Questionnaire based survey through the distribution of questionnaire. Carrying out direct interviews with Small business owner and Bank managers or loan officers is also an effective means to collection of data information. Since the main purpose of this study is to examine if bank mergers and acquisitions increase or decrease credit availability to SME, we will be using accounting based financial ratio analysis. The use of financial ratio in measuring a banks performance and its effectiveness to distinguish high-performance banks from others is quite common in the literature (Abdulla, 1994a; Samad, 2004a). Data Sample Ten Nigerian commercial banks which have effectively been consolidated with other smaller banks will be considered in this study over the period of 2000-2009 based on the following reasons: First, these banks are long established locally incorporated banks in Nigeria. Secondly they have been involved in the consolidation process from small bank to mega banks, passing through the premerger phase up to the post merger phase. Thirdly the period 2000-2009 effectively covers the span before consolidation and after consolidation. The data that will be used in this study is taken from Bank Scope. The annual financial statement of the top ten commercial banks based on their asset base. All the figures are expressed in Naira (=N=) the Nigeria indigenous currency. Since one of our aims is to examine whether the amount of small business lending is affected by the new consolidation legislation passed by Nigeria government on bank reform, we will also be comparing the figures from the statutory reserve. This is mandatory for all commercial banks in Nigeria to invest 10% of their profit before tax to Small and Medium Enterprise Equity Investment Scheme. It is more likely that we will capture the total amount of small business lending that is actually supplied to small businesses within Nigeria. Dissertation Structure The dissertation is split into five chapters: Chapter one is the introduction of the dissertation topic, related studies and the motivation for the choice of the dissertation Chapter two focuses on the Nigeria banking sector, how the banking sector has developed in Nigeria over the years. Covering the history of the Nigerian banking sector divided into four periods: the budding period, the expansion period, the consolidated period and the post-consolidated period. High lighting major financial developments from liberalisation that saw the existence of 87 banks to the consolidation of banks by the Central Bank of Nigeria deadline of 2005. Chapter three is a literature review on academic literature and analytical view on merger and acquisition and its theory in banking. This chapter aims at providing a complete picture of bank mergers and acquisitions (MAs) in the theory of banking and at offering economic evaluation and strategic analyses of the process. The main characteristics of this process is how it has affected lending to small business Chapter four introduces the Small and Medium Enterprises, what they are, why they exist. This Section will review some recent literature that is particularly relevant to the effect of bank consolidation on small business lending. Chapter five discusses the empirical results, in which the main findings of the performance of the banks during the period 2002 – 2009 are analysed. This last chapter, Chapter six concludes and highlights the limitations of the study and recommendations for the future research Summary We have been able to introduce the topic of the dissertation and the motivation behind why it was considered important to investigate funding of the small and medium enterprises. Small business play vital role in the process of industrialization and economic growth. It is presumed that the lower income segments of Nigeria benefit when SMEs have better access to finances because they alleviate poverty by creating more jobs and better wages. Developments in small and medium enterprise are a plus for employment generation, solid entrepreneurial base and encouragement for the use of local raw materials and technology. Governments all over the world have realised the importance of this category of companies and have formulated comprehensive public policies to encourage, support and fund the establishment of SMEs. The most worrying challenges facing SMEs in many developing countries is funding. In the next chapter we will be reviewing the Nigerian banking system. We will be looking at a brief history of the Nigerian banking system dividing its growth into four phases, and see how it has evolved from many smaller banks into fewer mega banks. We shall also be looking at the major regulators of this industry and see how they have effectively influence the actions that has lead to merger and acquisition in the banking industry. Also see how the merger and acquisition phase has influenced lending to the small business through the new monetary policies on SMEEIS and Microfinance banks to aid economic growth, which is the main aim of this dissertation.

bar flies Essay -- essays research papers

Bar Flies   Ã‚  Ã‚  Ã‚  Ã‚  When you go to the bar it seems there are always people hanging around much like flies hang around a barn. The people that frequent bars are from many different backgrounds. They are there for a variety of reasons. Some are there to have a burger with friends. Others are spending their time drowning their sorrows with a few drinks. People who frequent bars can be classified into three groups; lifers, regulars, and those who are there to socialize.   Ã‚  Ã‚  Ã‚  Ã‚  The first category of bar flies is the lifers. The lifers are the people that always seem to be at the bar. Lifers spend five to seven nights of the week in the bar. They are not always drinking beer or alcohol often they are drinking coffee and talking with the bar tender. Th...

Goldeneye and computer

American cinema has changed as American culture has changed. This can be observed by focusing on genre movies produced during different time periods. A fantastic example is to analyze different James Bond movies. The James Bond franchise began with Sean Connery starring in the movie Dr. No in 1962 and is currently still very popular with Daniel Craig starring as James Bond, most recently in Casino Royale. There are some things that never change with James Bond, he always drives stylish cars, uses gadgets and gets the girl or girls.But stylistically the movies have changed as American culture has changed. An excellent example of this is by comparing From Russia with Love (1963) and Golden Eye (1995). Both plot lines deal with Russia and Soviet agents and involve travel to exotic locations. Many plot points are actually almost identical, Sean Connery seduces a Soviet defector and Pierce Brosnan has relations with a Soviet government worker. Both movies deal with finding or stopping an important device, the Lektor and the Golden Eye. Both films also contain unknown evil organizations, S.P. E. C. T. R. E. and Janus. (Broccoli, A. , 1963, Broccoli, B. , 1995) One of the largest differences is the roll of women. The females in Goldeneye are very active in the story line not only as love interests. Xenia Onatopp is the main assassin and second in command to Alec Trevelyan. Nataylia is a Russian computer programmer working with Goldeneye who first appears to be passive as she is the only innocent survivor from the massacre at her work. From Russia with love also has females but their actions are not on par with the men.Tatiana is a Soviet spy that eventually defects because she has fallen in love with Bond, but she doesn’t actually save Bond, her image is much more of the perception of woman from the mid 1900s. The woman was just beginning to become independent and self-reliant. During Goldeneye and the future modern Bond films woman can take care of themselves and they even save Bond! During the Bond era of For Russia with Love women were still very much eye-candy and caused trouble, they haven’t gotten to the point of saving Bond. (Broccoli, A. , 1963, Broccoli, B. , 1995)Do to the advancement of cinematography the stunts are bigger and louder and the gadgets are even more complex and cool. In For Russia with Love James Bond is looking for Lektor a cipher machine used by the Soviet’s. In Goldeneye Bond is trying to find the Goldeneye, a satellite system with killer capabilities. Pierce Brosnan manages to take out Russian buildings with a tank and a Russian armored train. This really is an example of how technology has developed and been incorporated into films.Computers play a large part of Goldeneye and computer usage had not become popular yet during the 1960s and is not featured in From Russia with Love. At the time of From Russia with Love a cipher machine would be very important, where as during Goldeneye space technol ogy has advanced and weapons threat has become very advanced. Bond and Tatiana do travel by train but it is a passenger train, no secret armored vehicle. The clothes, cars and music of the times are incorporated into the films.Despite the fact that Golden is supposed to take place in the mid 1980s the clothes, except for the uniforms are very modern from ten years or so in the future. During From Russia with Love the clothes are very mush from the 1960s and traditional of what one thinks of when they picture Russia. Large thick coats with fur collars, very Dr. Zhivago. (Broccoli, A. , 1963, Broccoli, B. , 1995) Even the quality of the picture and influence of new cameras has an effect on the style of film. Both films are good quality but the more modern films are sharper, you can almost see the influence and advances made using digital images.It is a fascinating time to watch the James Bond films in succession as you see how American culture influences almost all parts of the film e ven down to the costumes. The basic plot lines contain some very similar scenarios but the role of women, influence of technology and advancement of weapons make it possible to place the time period in which each movie was produced. References; Broccoli, A. , (producer), Young, T. , (director), From Russia with Love, USA, MGM, 1963 Broccoli, B. , (producer), Campbell, M. , (director), Goldeneye, USA, MGM, 1995