Tuesday, December 31, 2019

The Indian Caste System And The Love Laws Essay - 1434 Words

This upheaval of identity can be seen in way the colonial trauma pervades the social, political, and cultural environment depicted in The God of Small Things. The social, political, and cultural environments in turn invade the lives of the characters of the novel. The Indian caste system and the love laws, for instance, are driving forces in one of the main conflicts of the novel. The caste system, which was existed in its present form in the novel due to the British colonists favoring certain castes above others, categorized groups of people within Indian society and classified some as superior to others, with the Untouchables being the lowest classification of the human. The love laws determined â€Å"who should be loved, and how. And how much† (Roy 33). These histories work in tandem to create the tragedy of Ammu, the twins’ mother, and Velutha’s, an Untouchable and friend to the twins, doomed relationship. Because of these socially constructed class structure s, Ammu and Velutha’s relationship was forbidden and when Velutha’s father, Vellya, informs Mamacchi and Baby Kochamma of their relationship, they are completely horrified. Vellya’s relationship with the Ipe Family also somewhat parallels the colonized people’s relationship with the colonizer. Vellya, as an Untouchable, occupies a lower social position than the Ipe Family and sees them as superior. By informing the Mamacchi about her daughter and his son’s relationship, he maintains the social class structures and theShow MoreRelatedThe God Of Small Things By Amitabh Roy Essay1541 Words   |  7 Pageslearning more about the Indian culture. Although the majority of my family was brought up in the culture, I was still intrigued to understand how my lifestyle differed from traditional Indian values. Before choosing a book to read for this class, I wanted to find one that would expand my knowledge in a variety of ways by the use of important key topi cs which were discussed in lectures. Furthermore, prior to reading The God of Small Things, I knew very little about how the caste system worked and the colonialRead MoreThe Progression Of Marriage Within South Asia1726 Words   |  7 PagesMarriage â€Å"the state of being united to a person of the opposite sex as husband or wife in a consensual and contractual relationship recognized by law† (Merriam-Webster). In my research I will be discussing the progression of marriage in south Asia. South Asia is a well-known region for countries such as Bangladesh, Pakistan, India, Nepal, Sri Lanka etc. The birthplace of both Hinduism and Buddhism originated in south Asia and it’s the world s third and fourth largest religions. In the 7th centuryRead MoreTheme Of Race In Beloved And The God Of Small Things1067 Words   |  5 PagesAmmu and Velutha, due to the caste system. The caste system separates Hindus into ranked groups, basing these groups on the people’s karma a nd dharma. Robert Ross describes it as â€Å"how a once-wealthy and prestigious family from the South Indian state of Kerala rushes headlong to destruction† (Ross, 1997) and â€Å"the social structure that leads to the mistreatment of the untouchable class† (Ross, 1998). In Roy’s novel, both Ammu and Velutha break the laws of India’s caste system. Velutha is labelled as aRead MoreReligious Beliefs, Traditions, Practices, Customs, And Indian Religions933 Words   |  4 Pageson of the Indian people (16). The faith is so deep in tradition, that its roots make it difficult to specifically define the religion. An important theme throughout Hinduism, however, is the understanding of the omnipresence of the divine in every alive being (17). The first way in which Semitic and Indian religions differ in origin is that 1) Semitic religions practice monotheism whereas Indian faiths practice polytheism. Secondly, 2) Semitic faiths are concerned with following the l aws of MosesRead MoreUntouchables1574 Words   |  7 Pagesunderlying complications that the seeming unbreakable caste system has projected on its cultural members. What are untouchables? Untouchables, or achutta, are the lowest ranking members in the caste system – or pecking order. O’Neil states that â€Å"untouchables are outcasts – people considered too impure, too polluted, to rank as worthy beings,† (ONeil, p. 1). Interestingly, untouchables are not deformed or distinctively different from other Indians in any way. â€Å"Their skin is the same color. They don’tRead MoreIndia s Caste System Of India1709 Words   |  7 PagesIndia’s Caste System The Caste system has aroused much controversy than any other feature of India’s society. Every day, Dalits are butchered, assaulted, abused, raped, lynched, shot or openly mutilated without considering any consequences of the offenders. The deaths of pregnant women who are not able to pay the bribes at government hospitals, some boys with eyes raised completely out for falling in love with a girl of a superior caste, and horrid stories of employees boiled to death because ofRead MoreGod of Small Things960 Words   |  4 Pagescharacters in the novel. The character or characters who engage in unlawful sexual acts are punished while unwanted or undesired race is purged. In this Indian society that worships England, Love Laws, and the Caste System race and sex creates intra-racial racism within the Indian communities that is reinforced with force through the government and Caste System. Intra-racial racism is a result of internalized racism while internalized racism is a result of Anglophilia. The God of Small Things depicts thisRead MoreLove Marriage vs Arranged Marriage!635 Words   |  3 Pagesof the Indian mind. Love marriage is supposed to provide freedom and more independence as compared to arranged marriages where the girl/boy is chosen by the parents. The usual question of love marriage voters against arranged one is that how can anyone marry the person whom they don’t know? Amid popular love lore like Soni Mahiwal, India always had a long tradition of arranged marriages. With the advent of the British and the subsequent introduction of British education system more Indians got educatedRead MorePhilosophies of China and India Essay858 Words   |  4 Pagesis a strict rule of law, and that anyone that breaks the law is severely punished. It was used to show legitimacy of power in rulers and to curtain rebellion and overthrow of the government. Lastly, Mohism is the idea of universal love. Basically, think about the ideal as the hippie movement. Mohism states that we should love everyone universally and that will help improve our lives. Indian philosophy differs greatly from China in many areas. The basic principles of Indian philosophy are DharmaRead MoreThe God Of Small Things By Arundhati Roy1313 Words   |  6 Pagesonce their problems have taken a turn for the worse. A major theme of this story is the society of India and the caste system that is in place. Some characters that were majorly affected by the caste system are a woman named Ammu and her two children, Estha and Rahel along with an Untouchable named Velutha. Besides the caste system Ammu and her children must worry about the social system and the outcomes of actions that are not socially acceptable. Another recurring theme of this novel is the change

Monday, December 23, 2019

Taking a Look at Bullying - 690 Words

What happens with bullies and the people that get bullied during school and when they get out of school?† Although most bullies think theyre hot stuff and have the right to push people around, others are actually insecure.†says U.S. Department of Health Human Services â€Å"Bullying is unwanted, aggressive behavior among school aged children that involves a real or perceived power imbalance. The behavior is repeated, or has the potential to be repeated, over time.†says U.S. Department of Health Human Services. Both kids who are bullied and who bully others may have serious, lasting problems.† bullying needs to stop it’s not good for the bully and the person getting bullied.bullying at school should stop because it can impact someones ability to learn, Anxiety,and ways to prevent bullying at school and in the community. One reason bullying should stop because it can have an impact on someones ability to learn.students and children that go to school might not went to go to school or even skip school because of bullies and they could be getting bullied.Every day thousands of teens wake up afraid to go to school. Bullying is a problem that affects millions of students, and it has everyone worried, not just the kids on its receiving end.(â€Å"Bullying Is a Big Problem†).Bullying can threaten students’ physical and emotional safety at school and can negatively impact their ability to learn.(â€Å"Prevention at School†).someone’s grades could drop from getting bullied and their mood andShow MoreRelatedTaking a Look at Bullying624 Words   |  3 PagesBullying Bullying in schools was perceived to be a normal part of adolescent, however, when people begin to have this mentality, they forget that bullying is physically and psychologically harmful to both the bully and the victim. Bullying was known as an unfortunate cycle of adolescents and for many years have been dismissed as a passage of growing up. But not until tragic events have led to believe that bullying has a greater impact on a child’s life what first were playful jokes it has ledRead MoreTaking a Look at Bullying710 Words   |  3 PagesBullying is not just punching someone in the face or calling people names, it is more than that. (bullying must stop - Bullying In General) Bullying takes form in many ways. All of the examples include physical, verbal, indirect, social alienation, prejudicial, sexual and cyber bullying (bullying.about.com). Did you know that an estimated 200 million children and youth around the world are being bullied (Facts and figures about bullying - Kidspot Australia. It is very true that too many peopleRead MoreTaking a Look at Bullying676 Words   |  3 Pagesis known around the world as a bully. Bullying has become a big problem in the U.S. as days go by it seem s like there is nothing that can stop this problem. There are different types of bullying and different places that bullying can occur. There is physical bullying, verbal bullying, relational aggression, cyber bullying, sexual bullying, and prejudicial bullying. But the most common ones are physical bullying, cyber bullying, and relational bullying. Bullying can also occur in different places likeRead MoreTaking a look at Bullying712 Words   |  3 PagesIn today’s society bullying has become a major issue that the kids in America are facing. Over the years, this issue has evolved from bullying verbally to cyberbullying. With the increase in use of technology children are beginning to use internet sites such as Facebook, twitter, and Instagram to judge other peers. With issues beginning on the internet they are also bringing them with them into the schools, workplaces, and many other local places. The cyberbullying is causing emotional problems throughoutRead MoreTaking a Lo ok at a Bullying Case884 Words   |  4 PagesEducation Association 160,000 children miss school every day in fear of other students. â€Å"1 of 7 students in grade K-12 is either a bully or a victim of bullying.† After conversing with an educator who worked in a school in the rural part of the state I have learned that bullying differs between rural and urban areas. In rural areas sexuaity drives bullying more than in urban areas, gender roles are more valued in remote areas. The educator had observed that adolescents that haven’t yet discovered theirRead MoreHow Children Being Bullied Can Not Only Affect Them1021 Words   |  5 PagesWhen one thinks of bullying, they usually associated it with the phrase, â€Å"Sticks and stones may break my bones, but words will never hurt me† those â€Å"sticks and stones† may not only just break those bones, but can undoubtedly leave a lasting impact on a person and make those hateful words and actions hurt that mu ch more to a point that the person would not know how to deal with them. Bullying has become a problematic issue in today’s society, especially where school age children is concerned. BulliesRead MoreThe Effects Of Bullying On Students Within The School System920 Words   |  4 Pagesor children carry. Bullying. Bullying over the course of the years still plays a role in the education system. Although the form of bullying has changed from the past to now, it still has an effect on students within the school systems. In the past there was the physical form of bullying where â€Å"jocks† would push the â€Å"nerds† into lockers or their books out of their hands. Another typical term used by bullies that anybody can recognize is, â€Å"give me your lunch money,† but bullying has evolved over theRead MoreBullying Essay Bullies718 Words   |  3 Pagesâ€Å"No one heals himself by wounding another† according to St. Ambrose. I agree with this quote, pu tting someone else down doesn’t pick you up. Taking your insecurities and judging someone else on it doesn stop making you insecure. In my view, besides physical violence, the worst thing a person can do is bully another person. In support of this, bullying prevents people from living a normal life, can lead to self-harm, and may involve trouble with the law. All three of those are serious effects fromRead MoreBullying : Bullying And Bullying1366 Words   |  6 PagesKyle McBrady Ms. Coyle English 2A (3) 9 December 2014 Bullying Leading to Violence Bullying is when a person abuses his power to another person by causing physical or mental harm to the victim who is often weaker, says Dictionary.com (Bullying). This definition can be applied to a recent story in The Washington Post, where bullying caused a student by the name of Jaylen Fryberg to shoot his friends in a lunchroom cafeteria. Jaylen and his girlfriend had recently broken up and she began cyberbullyingRead MoreEssay on We Must Confront Bullying As a Nation722 Words   |  3 PagesAnyone who has been bullied knows that pretending as if the perpetrator does not exist is virtually impossible. In fact bullying is a serious matter that we as a society must confront and strive to abolish. Since bullying can occur in a variety of ways, one must first understand its nuances to recognize that bullying is taking place and then realize the gravity of bullying. Bullying affects an entire community of kids. A single student who bullies can have a wide-ranging impact on the students, not

Saturday, December 14, 2019

The Business Activities Study Free Essays

string(151) " manager Troy Dexter who is responsible for the investment decisions of his fund and who chooses between the above asset classes \(asset allocation\)\." This case study is related to the business activities of a hedge fund which performs a macro investment strategy. Its investment manager Troy Dexter seeks for profits which arise from shifts in the real economy. As he considers an end of the Australian housing market boom as likely, he anticipates that Australia’s overall economic growth will slow down, whereas the prices for energy will go up. We will write a custom essay sample on The Business Activities Study or any similar topic only for you Order Now In reaction to those expectations he decides to purchase treasury bonds and stocks of energy companies Against this background Case Study 1 is aimed at classifying Troy Dexter’s two investment decisions as either direct or indirect investments. Such a classification provides different results depending on the party from whose perspective it is assessed. Thus, it is the purpose of the following section of this work to distinguish between the terms direct and indirect investment based on the corresponding point of view using practical illustrations whenever possible. This is to be done after clarifying key terms associated therewith first. Term definition A hedge fund is an alternative investment vehicle which excessively uses financial instruments such as derivatives and leverage and in which an aggressive management strategy is usually applied (Fung Hsieh, 2004). As Capocci and Hà ¼bner (2004) state, a hedge fund’s major purpose is to generate active return (called alpha) for its typically wealthy investor base. As hedge funds are less exposed to capital market regulation than other fund types, they are able to generate – on average – higher returns, but associated with higher levels of risk as well (Lederman, 2012). Troy’s decision to purchase energy stocks is related to his expectation of rising oil prices. Given his expectation turns out to be correct, the share price of oil producing companies will increase. The term â€Å"energy stock market†, however, comprises not only oil producing companies, but all other kinds of energy producing firms, as well as energy infrastructure and energy service providers, too (Henriques Sadorsky, 2008). As Henriques and Sadorsky (2008) note, a rise in the oil price will not only increase the share price of oil and gas producers, but also the market value of those firms which offer substitutes (e.g. solar and wind energy) will increase. This holds as their products become more competitive in such an environment and their turnover is likely to increase. Stockholders who have purchased such stocks directly for their own stock portfolio before a rise in the oil price has taken place, will profit. Their profits, on the one hand, consist of the 4 chan ce to sell those shares at a higher price at the stock market and, on the other hand, of (increased) dividend payments (Bodie, 2013). Treasury bonds purchased in the debt market are usually characterized by less risk than any kind of stock market investment (Sharpe et al., 1999). Given Troy’s expectation about the future economic environment of Australia, his decision to purchase such long-term fixed interest debt instruments is reasonable. This holds as they are issued by the Australian government which is very unlikely to default (Chaudhuri ; Smiles, 2004). On the contrary, as the Australian government has several tools at hand which allows it to make interest payments as promised (e.g. increase taxes), a treasury bond is considered as one of the safest investment forms available in the market (Hull et al., 2005). Investors who have decided to hold treasury bonds in their stock portfolio (direct security investment) can expect a fixed interest on their investment. The historic development of the Australian 10-year treasury bond is illustrated below.   Source: Reserve Bank of Australia, 2017. From this graph it can be derived that the long term trend of Australian treasury bonds is downward sloping. Starting from a level of more than 10.0% in 1995, the interest rate went down to about 3.0% in 2013. Interest rates in the short run are stagnating on a relatively low level of about 3.0%. Based on the fact that Troy Dexter has founded the hedge fund in 2009, it can be stated that his decision was right in the short run: Interest rates, indeed, went up from 4.0% to 6.0% between January 2009 and January 2010. However, it has to be noted that in the subsequent years his expectation turned out to be incorrect: Starting from January 2011, interest rates on the Australian 10-year treasury bond went down to about 3.0% in January 2013. This implies for Troy Dexter as the fund manager that his hedge fund may have generated losses from 2011 onwards as the interest rate of Australian treasury bonds have lacked his expectations. The figure adds value to the topic of this work as it illustrates that the fund manager’s decision to invest in treasury bonds could not have been a smart decision in the long run: Fund investors are indirectly suffering from this decision as they have decided to provide Troy Dexter with parts of their funds which are now invested in a non-optimal security. 1. Direct vs. indirect securities – Northwest Capital Management perspective In order to classify Northwest Capital Management’s investments in treasury bonds and energy stocks from the firm’s perspective, one has to understand the business concept of capital management firms first. Firms such as Troy Dexter’s hedge fund business aim at professionally managing private investor’s funds. They do so by investing customers’ money in a broad range of asset classes, restricted by particular investment goals (Fung ; Hsieh, 2001). However, as Brav et al. (2010) notice, the service such firms provide is not just related to the optimum asset allocation, but financial statement analysis as well as the monitoring of existing investments plays an important role, too. Hedge funds – in contrast to more conservative capital management firms – invest a relatively high percentage of its assets in risky asset classes such as the stock market of even emerging market economies (Jansen et al., 1998). The portfolio composition of an exemplary hedge fund is illustrated in the graph below. Source: Blair, 2001. The figure above already reveals that it is the hedge fund manager Troy Dexter who is responsible for the investment decisions of his fund and who chooses between the above asset classes (asset allocation). You read "The Business Activities Study" in category "Papers" It is important to understand that the private investor is not involved in the daily investment process of the hedge fund, but hands over any responsibility for the invested amount of money to Troy Dexter. 0.50% 0.50% 31% 19% 15% 14% 7% 6% 3% 2% 2% Strategy composition of a hedge fund Short selling Other Equity long/short Macro Relative value arbitrage Event driven Fixed income Convertible arbitrage Distressed securities/high yield Equity markets neutral Emerging markets 6 Derived from this line of reasoning it can be stated that Troy Dexter’s intended purchase of treasury bonds and energy stocks can be considered as a direct securities investment from the firm’s point of view. This holds, because there is no third party involved in Troy’s securities acquisition process (Bodie, 2013). In contrast, it is likely to be assumed that Troy himself owns a trading platform which he can use to exercise any stock market transactions personally and immediately. Even if Troy does not own such a trading platform, the consultation of a stock broker can still be considered as a direct securities investment from Northwest Capital Management’s point of view. This holds because a stock broker can simply be considered as an entity which executes buy and sell orders on behalf of someone else for a particular fee or commission (Pollock et al., 2004). As Pollock et al. (2014) note, brokers are not allowed to alter the order, but execute the transaction only. 2. Direct vs. indirect securities – Investor perspective Taking the viewpoint of an investor in Troy Dexter’s hedge fund, Troy’s investment decisions can clearly be considered as indirect investments. As stated above, the fund manager decides about the allocation across available asset classes. The investor knows about the financial risks tied to Troy’s investment decisions from the prospectus and may have expectations about a desired return, but cannot alter Troy’s daily sell and buy orders. However, this would be a vitally important characteristic of a direct securities investment. As soon as customers have decided to invest in the fund, they have to sign a declaration of consent in which they transfer the responsibility for managing their funds to the portfolio management team (in our case to Troy Dexter) (Philpot ; Jonson, 2007). Not the investors themselves engage a broker who carries out financial market transactions, but Troy Dexter does that on behalf of them using his financial market knowledge. In this context it is important to note that – although restrictions are less strict in a hedge fund – fund managers have to stick to the proposed fund objective and are not allowed to invest in anything which is not related to the praised goal of the fund, although it may be a lucrative investment (Philpot ; Jonson, 2007). This assignment of any kind of right to alter the investment decision related to maximizing investors’ own monetary wealth underpins the indirect nature of a fund investment from an investor’s point of view. The incentives for customers of Northwest Capital Management to provide Troy Dexter with the rights to manage their savings on behalf of them (indirect investment) is related to Troy Dexter’s expertise about financial markets (Capon et al., 1996). Additionally, as Capon et al. (1996) state, the pooling of large amounts of money in the hedge fund provides customers with a lot more market power than they would have when investing on their own. This shows that although private investors cannot actively decide about each investment decision on their own, the indirect securities investment through Troy Dexter’s Northwest Capital Management is utterly worthwhile for its investor base. It can be summarized that investing in a hedge fund implies no direct securities investment from the private investors’ perspective. This is compounded by the fact that private investors of a hedge fund do not own any securities themselves (Droms Walker, 1996). Instead, those securities are entirely controlled by the fund managers who either own a trading platform themselves or contact brokers to carry out deals which are likely to benefit the fund’s investor base. Shareholders are not able to access the fund’s existing investments on a daily basis, but have to rely on the fund managers’ expertise (Droms ; Walker, 1996). This trust, however, may be the basis for higher returns compared to investing individually on any kind of capital market. 7 Furthermore, the indirect securities investment from the investor’s point of view implies that each single investor gains or loses proportionally to his or her investment in Troy Dexter’s hedge fund. This fact stands in sharp contrast to a direct securities investment in which an investor is on his own and has a claim on any gains and losses related to this investment (Bodie, 2013). Instead of having the chance to convert profits right away in a direct securities investment, an indirect investment via a fund prohibits an investor from this right and makes him dependent on the decisions of the fund manager. Recommendations: A common way of how to classify securities is to divide them into either direct or indirect securities. In this context it is of particular importance to distinguish between either an investment manager’s or a private investor’s perspective (Davis, 2004). Conclusion: The statements above have shown that the classification of any kind of investment as being either direct or indirect depends on the party from whose perspective such a classification is made. In the case of a hedge fund one can categorize an investment as an indirect one from the investor perspective and as a direct one from the fund manager’s perspective. This holds as it is not the investor who makes any kind of investment decision, but the fund manager on his behalf. The investor puts trust in the fund manager’s capital market expertise when deciding to invest in a fund and – at the same time – cedes any kind of rights to alter the fund manager’s perspective on the future development of the capital market. In contrast, the fund manager, on a daily basis, has to directly â€Å"step† in the capital market and has to sell or buy certain types of investments. References Blair, F. (2001): Managing the equity portfolio: South-Western College Publishing. Bodie, Z. (2013): Investments: McGraw-Hill. Brav, A.; Jiang, W.; Kim, H. (2010): Hedge fund activism. A review. In: Foundations and Trends in Finance 4(3), p. 185–246. Capocci, D.; Hà ¼bner, G. (2004): Analysis of hedge fund performance. In: Journal of Empirical Finance 11(1), p. 55–89. Capon, N.; Fitzsimons, G. J.; Prince, R. A. (1996): An individual level analysis of the mutual fund investment decision. In: Journal of Financial Services Research 10(1), p. 59–82. Chaudhuri, K.; Smiles, S. (2004): Stock market and aggregate economic activity. Evidence from Australia. In: Applied Financial Economics 14(2), p. 121–129. 8 Cristodoulou, A. (2016): The internal rate of return problems and manners of solution. In: Prospettive e Proposte Mediterranee-Rivista di Economia, Agricoltura e Ambiente. Online available at http://www.iamb.it/share/img_new_medit_articoli/802_32cristodoulou.pdf. Davis, E. P. (2004): Institutional investors. In: MIT press. Droms, W. G.; Walker, D. A. (1996): Mutual fund investment performance. In: The Quarterly Review of Economics and Finance 36(3), p. 347–363. Fung, W.; Hsieh, D. A. (2001): The risk in hedge fund strategies. Theory and evidence from trend followers. In: Review of Financial Studies 14(2), p. 313–341. Fung, W.; Hsieh, D. A. (2004): Hedge fund benchmarks. A risk-based approach. In: Financial Analysts Journal 60(5), p. 65–80. Hasan M. (2013): Capital budgeting Techniques used by small manufacturing companies. In: Journal of Service Science and Management. Henriques, I.; Sadorsky, P. (2008): Oil prices and the stock prices of alternative energy companies. In: Energy Economics 30(3), p. 998–1010. Hull, J. C.; Preduescu, M.; White, A. (2005): Bond prices, default probabilities and risk premiums. In: Working paper. Jansen, A.; Mathieson, M. D. J.; Eichengreen, M. B. J.; Kodres, M. L. E.; Chadha, M. B.; Sharma, M. S. (1998): Hedge funds and financial market dynamics 166. Jung, K.; Yong-Cheol, K.; Stulz, R. M. (1996): Timing, investment opportunities, managerial discretion, and the security issue decision. In: Journal of Financial Economics 42(2), p. 159-186. Layton, A., Robinson, T., Tucker, I. (2015): Economics for today (5th ed.). Thomson, South Melbourne, Australia. Lederman, S. J. (2012): Hedge fund regulation. Philpot, J.; Jonson, D. T. (2007): Mutual fund performance and fund prospectus clarity. In: Journal of Financial Services Marketing 11(3), p. 211–216. Pollock, T. G.; Porac, J. F.; Wade, J. B. (2004): Constructing deal networks. Brokers as network architects in the US IPO market and other examples. In: Academy of Management Review 29(1), p. 50–72. Reserve Bank of Australia (2017). Online available at http://www.rba.gov.au/statistics/historicaldata.html. Rudolph, S. (2008): Net Present Value Rule in comparison to the payback and internal rate of return methods. In: Working Paper. Sharpe, W. F.; Alexander, G. J.; Bailey, J. V. (1999): Investments: Upper Saddle River, NJ: Prentice-Hall 6. Titman, Sheridan (2015): Financial Management. Principles and Applications. (7th ed.). Frenchs Forest, NSW: Pearson. How to cite The Business Activities Study, Papers

Friday, December 6, 2019

Kraft Dinner in Canada-Free-Samples for Students-Myassignmenthelp

Question: Discuss about the Canadian cuisine foodways and national identity. Answer: The food product known as Kraft Dinner in Canada is a nonperishable, packaged dry macaroni and cheese product. The produced first came into the market in the year 1937 and is known for the innovation brought about in making the product. The present paper evaluates whether Kraft Dinner is emblematic of Canadian cuisine. It highlights the global and Canadian commodity chain that brings this product in an economical and easy to prepare fashion. The paper further highlights the industry, technologies and marketing strategies that enable this product to be constructed as a convenience food. Lastly, the social relations that the product enables or disables is brought into focus. Kraft Dinner was first introduced by James Lewis Kraft under the same name in both US and Canada while it has now developed into different other formulations. The product had the original idea of combining the nonperishable dried macaroni noodles with a processed cheese powder for so that he dish could be made by preparing the pasta and adding the milk, butter and cheese powder. The product is a major brand of Kraft and Heinz merger after Kraft Foods Group Inc. merged with the H.J. Heinz Company. Kraft Foods Group Inc. has its core business in cheese, dairy, beverage and convenience food sector. The timing of the launch of the product had significance in relation to the World War II as rationing of dairy products and enhanced dependence on meatless products created a captive market for Kraft Dinner (Chapman 2012). Kraft Dinner is designated as K.D. in Canada and has a different name in other markets. Thus, the Canadian advertising and marketing platform is a made-in-Canada initiative. Kraft Dinner has been known to be the de facto national dish of Canada. Records indicate that Canadians are responsible for buying almost 1.7 million of the 7 million boxes of the product sold each week on a global scale. The meal has been denoted to be the most popular grocery item in Canada where it is an iconic status, becoming a generic trademark for cheese and macaroni. The product was marketed at the initial stage with the slogan "a meal for four in nine minutes for an everyday price of 19 cents. The product is promoted strongly towards children and teenagers on television. Kraft has advertising programs that intend to make the food product tempting to newly arrived immigrant groups in Canada. Newman (2017: 32-33) pointed out that Canada is a large wheat producer, with high production of wheat used for the various food products developed through innovation. Further, the country has a significant dairy sector contributing to the large production of milk and cheese in the country. Canadians have a love for their local food and embrace the culture brought about through food. Kraft Dinner has taken this opportunity to explore the scope of creating a large market for food products made chiefly from these two ingredients. The modern food industry focuses on the common mantle of humble servings that make life convenient for the individuals, irrespective of whether he is an aristocrat or a common person. The food industrys main focus for its products is a convenience, better explained as We do it all for you. Reflecting on this idea, it can be stated that the success of Kraft Dinner lies in the fact that it has been profoundly viewed as a convenience food that targets a large section of the population. Cheese plays a large dietary role in the lives of Canadians, and when it comes in a form that is easily available and digestible, it builds an intense and intimate relationship with the citizens, like Kraft Dinner. Canadians are divided into two categories; food secure Canadians and food insecure Canadians. While the former might associate Kraft Dinner with comfort, the latter might associate the same with discomfort. These differences arise from the fact that Kraft Dinner consumption by food secure Canad ians is voluntary (Belasco 2008: 60). Most people in Canada are referring to considering changes in how they are loyal towards a certain food product and focusing on bringing alterations in them. The change is more than cosmetic as it signals challenge that old food product companies might grapple with their best products in the coming years (Penfold 2008: 62). This key insight might hold implications for Kraft Dinner as well since the companys research indicates that its relevance among younger citizens might plummet. For a brand that is mostly dependent on the affection of its consumers, it might lead to decrease in the sales over the years. In conclusion, Kraft Dinner can be stated as emblematic of Canadian cuisine. The product is undergoing a transformation in the manner in which it makes an impact on the lives of its consumers. Ignorance among a section of the population might be accountable for a dominant response towards the product in future. References Belasco, Warren. 2008. Convenience: the global food chain. Pp. 55-78 in Food: the key concepts. Bloomsbury Publishing. Chapman, Sasha. 2012. Manufacturing Taste The Walrus. Retrieved February 14, 2018 (https://thewalrus.ca/manufacturing-taste/) Newman, Lenore. 2017. The language of cuisine. Pp. 20-35 in Speaking in cod tongues: a Canadian culinary journey. Regina SK: University of Regina Press. Penfold, Steven. 2002. Eddie Shack was no Tim Horton. Pp. 48-66 in The Donut: A Canadian history.