Domestic

Political risk is worth considering because an action or a change n policy in one country can have a big impact on the financial sector and the economy of that country. Political risks are generally associated closely with the government as well as political and security situation in a country. If the political situation is stable, generally business runs smoothly. In terms of the stock market, a conducive political situation would make the stock price go up.

Conversely, if the political situation is uncertain, it would cause the element of uncertainty in the business. In Indonesia, after the fall of the New Order, changes in politics and governance was characterized by a significant change in the political system (a process of demagnification) which had opened new opportunities and also new threats to the business community this country. For years, during New Order, political parties in Indonesia were only 3 parties: app, Global, and PDP.

After New Order fell (Reformation Era), the number of political parties involved in general election increased significantly. The 1999 general election, the first general election in Reformation Era, was followed by 48 parties. Despite the number of political parties are always changing during the Reformation Era, political situation was relatively stable. The stability also continued under President Silo Bambina Hydrogen. However, in most current general election, few months ago, there were some instabilities in Indonesian politics.

This paper will describe these conditions (the last general election) and their impacts on the industry, particularly palm oil industry, using the case of Golden Agric Resources Ltd, one of the biggest palm oil producer in Indonesia.

Political Turmoil In 2014 General Election

General election in Indonesia is run in phases, legislative election and presidential election. In 2014 general election, the legislative election was relatively conducive There were 15 political parties participated in the election, including 3 local political parties in Ache.

This election was won by PAID with the total vote 18. 95% (whom. Penile. Com), followed by Global and Grainier on the second and third place. It was predicted that since the legislative election was held successfully and the situation was very conducive, reflected by there was no substantial protests or objections from he participants, the presidential election (which had two competing candidates, Parabola Substation-Hat Raja and Joke Widow-USAF Kali) would also run smoothly. However, the facts were totally different.

Here are some events or facts that showed the unstable political conditions in Indonesia after presidential election in 2014: Different quick count results In quick count, both parties (Parabola-Hat and Kiowa-Kali) claimed as the winner Of the presidential election. There were some survey organizations stated that the election was won by Parabola-Hat, while the others stated he opposite. ISIS (Center for Strategic & International Studies) through senior researcher, Philip Vermont, stated that there were advantages in Kiowa-Kaki.

The figure reached 51. 9 percent, while Parabola-Hat gained 48. 1 percent. There were also some other survey organizations published similar results, stated that the winner was Kiowa-Kali, such as R & D Compass, ISMS (Useful Musician Research and Consulting), and RI. Meanwhile, some other survey organizations indicated otherwise. A quick count conducted by Upstairs (Center for Policy Studies and Development Strategy) cleared that Parabola-Hat won the election by 52. 05%, whereabouts-J gained 47. 95 percent.

Other survey organizations that declared Parabola- Hat as the winner were National Survey Institute (LSI) and the Indonesian Voice Network (SSI). These different quick count results were followed by announcement of victory by both candidates, which was the first time in Indonesia history, both competing candidates claimed as the winner. Moreover, supporters of both camps had celebrated their victories in separated places. Parabola’s withdrawal from election process Another surprising event happened on July 22, 2014, when General Elections Commission was announcing the recapitulation of the presidential election results.

While the recapitulation was still ongoing, Parabola announced that he had withdrawn his presidential candidacy after denouncing the election process as undemocratic. The consolidation of political parties supporting Parabola and their actions in Parliament Competition between Parabola and Kiowa did not stop when the General Elections Commission stated that Kiowa-Koala was the winner of the presidential election. Parabola along with his supporting parties filed an election disputes to Constitutional Court, though the court finally rejected their petition.

In parliament, the parties that were supporting Parabola also took several actions that made Indonesian politics became unstable. They asked the Parliament legalize the draft of a Law regarding the local elections. In this new law, direct elections for provincial governors, district chiefs and mayors were eliminated, replaced by appointment by local elected legislatures. There were many opinions from local or international institutions aid that this was a big hit for Indonesian democracy. Indonesian democracy that had been growing in SUB era, was experiencing a substantial setback.

The most noticeable effects might be the impacts on the price of stock in Indonesian Stock Exchange. Just after those events happened, the market responded. The responses can be reflected on the chart of Composite Index (JOKE) for the last 6 months. Figure 1 . Composite Index (JOKE) Source: finance. Yahoo. Com Just after the presidential election day, the index was increasing, from 4,800 to more than 5,050. Some analysts argued that it was one of Kiosk’s effects. Despite there were some quick counts that stated that the winner was

Parabola, since the reputation and credibility of those survey organizations were questionable, market believed that Kiowa would win the presidential election. On the day when General Elections Commission was announcing the recapitulation of the presidential election results, the index was slightly decreasing. It might be influenced by Parabola’s statement that he had withdrawn from the election process. This statement was perceived as sign of the upcoming political instability in Indonesia. Moreover, on that day, Parabola clearly stated that there was systematic violation of democracy inducted by General Elections Commission.

The clearest evident how market reacted to the political condition might be reflected on the price of stock following what happened in the Parliament in the first week of October. After the Parliament passed the law regarding local elections, which automatically eliminated direct elections for local governments, the stocks dropped significantly. Many political analysts stated that by eliminating direct elections, Indonesian democracy had moved backwards. Golden Agric Resources stock, seemed to follow the market price in general.

Conclusion

Political conditions in a country is an important factor in industry. The influence is channeled through the expectation of business players in the market. When the condition in a country is stable, investors are likely to be willing to invest their money in that country. On the other hand, political instability might frighten investors to put their money in a country, resulting “sell-actions” that eventually pushes the stock price.

This condition happened in Indonesia recently, following the presidential elections that was won by Kiowa-Koala, resulted in the decreasing Of most stock price in Indonesian Stock Exchange, including the stock price of Golden Agric Resources. However, there is still optimism about political condition in the future. Kiowa;Kali have an important role to stabilize the political condition and create supporting environment for business. On the other hand, industry might also have to adapt with the changes happen.

Types of resources and capabilities underlie BMW Approach to Innovations. Founded In 1916, Bayberries Motormen Worker GAG, well known as BMW, Is a German automobile company, mall headquarter In Munich, Germany. Well, BMW also known as one of the leading manufacturing of luxury cars. Nowadays when we are walling form Apple Inc. To launch their new generation innovative cell phone, the same image BMW has in today’s world market regarding their new innovative features luxury cars. BMW has gained the status of innovative luxury cars by utilizing its best resources and provide best qualities to its customer.

There are many automobile companies UT there but only few firms in this industry are earned a title of innovations, and BMW comes first in that list. The main reason behind BMW success is their own Research and development center around the world, BMW group spend billions of dollar behind this R to provide best quality and innovative product to its customers. BMW comes In top 25 companies of best brand value in the world, today Its brand value exceeded to 25 Billion dollar because of Its R and Innovative Ideas of luxury cars.

There are more than 8500 employees are working at Research and Development center of BMW around the globe. When I look over to the BMW group site, I found many facts about BMW regarding their innovative strategies. When I review their website I found out that currently BMW R teams are working for 2020 product of BMW. The assembly line of BMW is also ranked 1st in the auto industry by their innovative process of manufacturing luxury cars. BMW are more focused on their efficient innovation process by its innovative culture.

The structure of company’s culture are more emphasis on differentiate and innovative ideas, and there is no doubt that BMW is holding one of the best talented pools of employees and cosmologies to approach the innovation. As per my opinion BMW will maintain Its title of Innovation because of their advance technologies such as using own optimizing engine, lower emission advance technologies, habitation, electrification and newly developed connected drive technologies. Bum’s Sustainable Production.

Bum’s sustainable production has focused on many important factors as it mentioned below. Advanced technology by reducing emission of CO to 50%. BMW is leader in using renewable energy for production and value. Electro mobility. Always ready for future challenge by advanced technology. Continuous improvement in employee motivation for innovation. Less consumption on natural resources in production. Mobility patterns. Raising workforce awareness by providing essential training to the employees. Product Safety.

Sustainable construction and process. More focusing on Opportunities Strong Brand Value. As per the current BMW strategic action regarding the future production as well as with advanced innovative technology, BMW is the only firm I found who can survived even after we will out of the fuel energy, BMW had already started working on hydroelectric advanced vehicle production, environment friendly and safety icicles, advanced production process which helps BMW to maintain its title of innovative firm.

How do the resources, capabilities, and activities of BMW contribute to its differentiation strategy and unique position in the industry it has achieved? By using advanced technology and innovative ideas for production and best quality product, BMW had earned the best brand value in auto industry. BMW is also recognize as leader of innovation in auto industry, I still remember that when I bought Phone AS which had feature of Sir, but I also found out that BMW had developed this feature long back in 2006 in their BMW 7 series Models.

None of the firm in auto industry had achieved in advanced technology yet and BMW group is the only company who looks to the future and gears its actions towards the long term. Well, BMW is not only one who is spending large amount on R&D, there are many other automobile industry does same, but the uniqueness of BMW is the process and strategy they are using, the different culture of innovation spread in BMW, the status of innovation and advanced technology, the status brand and many other factor are consider to be the uniqueness of BMW.

BMW had keep this innovative title form last two decades cause of their uniqueness and differentiate strategy where other automobile companies find hard to adopt it, the main reason behind this uniqueness is the firm’s organization culture of innovation where all employees are allowed to think different and something new that world had never seen.

Corn: The Domestication of Maize in Mesoamerica

One of the most basic demands of a human being is that of nutrient. We most eat and imbibe to last. Subsistence is a natural idea which consumes every modern worlds twenty-four hours. What will I eat for breakfast? What will I take for tiffin or will I eat out? Should I take something out for dinner or choice something up on the manner place? All of these inquiries seem at times rather complicated, nevertheless are without a uncertainty, much simpler than what may hold crossed the heads of prehistoric worlds. Merely as it is today subsistence was the centre of each civilizations universe. Whether you were mobile or sedentary each group of hunter-gatherers had to eat. It is the endurance of these societies which allows us as archeologists a extremum into the yesteryear. The procedure of garnering adequate nutrient in which to obtain a sufficient sum of Calories was foremost and first in mundane life. The procedure of domestication of certain workss finally led to more nucleated colonies. Let us maintain in head Morgan ‘s theory of civilization, if this is right, that cultural patterned advance is lineal ; than it is safe to presume that the lone natural patterned advance for prehistoric worlds was to passage from the huntsman gather phase of obtaining subsistence to a more agricultural life manner. One cultigen in specific was “ corn ” , now referred to as “ maize ” . In this paper an effort will do to decently explicate what corn is, how maize became a major basic in prehistoric people ‘s diet, and in conclusion how has maize been detected in Mesoamerica through grounds in the archeological record.

What is maize? It is a big species of American grass of the genus Zea ( Z. Mays ) widely cultivated as a eatage and nutrient works ; known as Indian maize ( hypertext transfer protocol: //archaeology.about.com ) . Maize is a cultigen ; this is a harvest that can non propagate in the natural state without human intercession. Plant domestication can be defined as the human creative activity of a new signifier of works, dependant on human intercession, reaping and seting for endurance. Maize has a distinguishable planting season, turning season, and reaping season.

There is a world-wide importance placed on “ maize ” . In the Western Hemisphere it is by far the most of import human nutrient harvest ( Beadle, 615 ) . It is still the most of import harvest in all of Latin America. On a world-wide footing it is the 3rd most of import human nutrient harvest, with an one-year production of some two hundred metric dozenss ( Beadle, 615 ) .

When Columbus arrived from the Old World and stumbled upon this unusual harvest on the island of Cuba, basically all major races of maize-some two to three hundred- were already in cultivation and had been disseminated from its topographic point of beginning, likely southern Mexico ( which will be explained further in the paper ) , to mid-Chile in the South and to the oral cavity of the St. Lawrence River in the North. The transition below from a scientific discipline magazine will foster aid explicate the definition of corn.

Corn, besides known as corn ( from the Spanish maiz ) was foremost domesticated about 10,000 old ages ago from teosinte, a wild grass that looked rather different from our modern harvest. Teosinte grew in Mexico and Central America as a bushy works with many spikes, the precursor to our familiar ear of maize. The little teosinte spikes had merely two rows of about uneatable meats, or seeds, each enclosed by a difficult covering. These seeds separated separately at adulthood and were dispersed widely. In likely less than a thousand old ages, the bantam spikes of hereditary teosinte transformed into larger ears with comestible meats that remained on the hazelnut for easy crop. How these dramatic alterations occurred has been a mystifier for over a century. Geneticists are now positive that worlds populating in the Balsas River part of Mexico were scrounging teosinte seeds when they noticed rare aberrations-likely caused by random mutations-that increased spike size dramatically. Seeds were propagated from these bigger spikes, and therefore the singular events of domestication began. By analyzing the corn genome, research workers have now confirmed that mutants in individual cistrons, such as Teosinte glume architectural ( Tgal ) . Alter meat and works construction and that alterations in many cistrons influence complex developmental traits, such as the clip to blooming. As human populations migrated throughout the Americas, new assortments of corn were selected to turn in local environments. Some assortments were maintained as alleged landraces, each turning in ecological niches in Mexico and South America. Now, these assortments and landraces hold a wealth of familial diverseness, which is being tapped for both basic research and as traits for harvest genteelness ( hypertext transfer protocol: //www.sciencemag.org/products/posters/maize_poster )

How did maize go a major basic in prehistoric people ‘s diet? Where there other utilizations or maize other than subsistence? New research shows that there is unambiguously four major independent centres of works domestication ; the Near East, China, Eastern North America and Mesoamerica. ( Smith 1989: 1566 ) The America ‘s is believed to supply the clearest record there is of agribusiness beginnings anyplace in the universe, supplying new apprehension of the procedure involved in this cardinal transmutation in human history. However, the procedure is believed to hold started in Mesoamerica.

Maize has many utilizations ; nutrient, provender for unrecorded stock and energy for industries. As a nutrient, the whole grain, either mature or immature, may be used ; or the corn may be processed by dry milling techniques to give a comparatively big figure of intermediary merchandises, such as maize grits of different atom size, maize repast, maize flour and flaking grits. ( hypertext transfer protocol: //fao.org ) These stuffs have a important figure of applications in a big assortment of nutrients. Maize grown in subsistence agribusiness continues to be used as a basic nutrient harvest. In developed states more than 60 per centum of the production is used in compounded provenders for domestic fowl, hogs and ruminant animate beings. In recent old ages, even in developing states in which corn is a staple nutrient, more of it has been used as an carnal provender ingredient. “ High wet ” corn has been paid much attending late as an animate being provender because of its lower cost and its capacity to better efficiency in provender transition. The byproducts of dry milling include the source and the seed-coat. The former is used as a beginning of comestible oil of high quality. The seed-coat or seed vessel is used chiefly as a provender, although in recent old ages involvement has developed in it as a beginning of dietetic fibre ( Earl et al. , 1988 ; Burge and Duensing, 1989 ) . Wet milling is a procedure applicable chiefly in the industrial usage of corn, although the alkalic cookery procedure used in fabricating tortillas ( the thin, level staff of life of Mexico and other Cardinal American states ) is besides a wet milling operation that removes merely the seed vessel ( Bressani, 1972 ) . Wet milling outputs maize amylum and byproducts such as corns gluten, used as a provender ingredient.

It is this level staff of life or tortilla that is speculated to hold been used in pre-historic times. This is non the tortilla that we think of today, nevertheless, the basic construct is fundamental and could hold been used even 10,000 old ages ago. George W. Beadle ‘s research shows that the chance of corn being likewise used as what we refer to as “ popcorn ” is high. This high chance points to the usage of teosinte, which has been argued among bookmans as an un-usable merchandise, hence non an ascendant of corn. Beadle ‘s research has proven that even the triangular meat of teosinte could hold been heated on het sand, hot stone or fire and would hold popped.

There is guess that in prehistoric clip, maize had a spiritual and ceremonial intent. It is written that in the tallness of the Incan imperium corn was used in ritual and ceremonial assemblages in the signifier of beer. ( Fernandez-Arnesto ; 243 ) There is n’t anything to bespeak any different anyplace else that corn has turned up within the archeological record. With a better apprehension of corn and its possible maps, allow ‘s reference where corn originated.

Blake, Clark, Chisholm, and Mudar consider the passage to agribusiness in the Formative period of coastal Mesoamerica ( from about 1500 B.C. to the birth of Christ ) , specifically along the Pacific seashore of Chiapas, Mexico. These bookmans review the grounds from this country in footings of two viing hypotheses: the competitory banqueting theoretical account of Hayden ( 1990 ) and the interaction of workss and worlds as described by Rindos ( 1984 ) and Flannery ( 1986 ) .

MacNeish ‘s work in the Tehuacan Valley has shown that the beginnings of corn and its integrating into a system of agricultural production that included a assortment of workss began every bit early as 7000 B.C. The earliest people to utilize and cultivate these workss were non sedentary, alternatively, they were mobile foragers who incorporated these domesticates into a complex seasonal form of hunting and collection ( MacNeish 1967, 1972 ; Flannery 1968 ; Flannery 1986 ) . It has been believed that from Formative times frontward that corn is typically seen as the chief basic harvest in Mesoamerican prehistoric culture. Agricultural promotion has long been thought of as the basis of early sedentary small town life and one of necessary conditions for the development of complex society ( MacNeish 1972 ) . Maize yields a high sum of thermal consumption which is necessary in the procedure of prolonging the degree of activity that prehistoric people in Mesoamerica needed to last.

A recent re-analysis by Farnsworth et Al ( 1985 ) of archeological informations from the Tehuacan Valley, including a stable C and nitrogen analysis of the human skeletal remains, suggests that a heavy dependance on grains, including corn began every bit early as the Coxcatlan stage ( ca. 5000-3000 B.C. ) . In Oaxaca, excavated macrobotanical remains show that domesticates, including corn, beans, squash, and avocados, were in usage and consumed both before and after the visual aspect of the first sedentary small towns ( Flannery 1976, 1986 ) . Kirkby ‘s ( 1973 ) survey of agricultural production suggests that the chief basic, corn, was cultivated and relied upon from the Early Formative Tierras Largas stage ( 1400-1150 B.C. ) onwards. She suggests, nevertheless, that corn did non make a threshold of productiveness, until about 100B.C. when larger assortments allowed greater outputs per cultivated hectares of land. The premise is that as corn hazelnut size grew, and the works became more productive, so early villagers came progressively to trust on it as a subsistence basic. Both the Tehuacan and the Oaxaca information suggest that after agricultural merchandises, peculiarly corn, became of import in the subsistence system by the Late Archaic period, the tendency towards increasing trust on these workss continued through clip.

The motion of a comparatively little sum of corn from established agro-ecology over long distances into a new environment is tantamount to an evolutionary constriction or a laminitis event ( King, 1987 ; Mayr, 1963 ) . Because merely a little part of the population is represented after one of these events, trying mistake will ensue in, among other things, changed cistron frequences, dislocation of co-adapted cistron composites, and sometimes increased linear familial variableness ( Cheverud and Routman, 1996 ) . The above mentioned on page 2 and 3 of this paper attempted to explicate the procedure of genetic sciences when involved in the procedure of promotion of a works. We can mention to this as agricultural development.

Farming in modern twenty-four hours seems to be, from an foreigner looking in ; “ difficult work ” , “ dirty work ” , and “ humdrum work ” . If with modern equipment agriculture is hard what would it hold been like in prehistoric Mesoamerica? Why farm at all? We look at runing game now in present twenty-four hours society as romantic and sportsman like. There is a challenge to the “ game ” . There is fancy equipment purchased and good maintain. Hunters tell narratives that are passed on from coevals to coevals, runing narratives in prehistoric culture had to be merely as exciting and the material of which myths were made. So, once more why farm at all? Many bookmans have argued that without agribusiness societies would non hold existed. Merely agribusiness, with its form of population growing, urbanisation, and economic excesss has produced civilisations ( Reed, 5 ) . Therefore assisting to explicate why agribusiness led to complex societies.

Changing conditions such as height, rainfall, dirt, and seasonal temperature rand and latitudinal differences in the length of twenty-four hours during turning seasons led to the eventual diffusion of maize northward into North America, nevertheless for the interest of this paper the focal point will stay on Mesoamerica. The research indicates that the grounds in the archeological record states that the coastal countries show maize before any other country. Coe and Flannery until the 1980 ‘s were the lone two research workers to describe domesticates at Early Formative metropoliss along the Pacific Coast of either Chiapas or Guatemala. Other than these few incidences comparatively few sites have produced macrobotanical grounds of cultigens among their subsistence remains.

Richard “ Scotty ” MacNeish conducts what he called “ the great maize Hunt ” in 1958. MacNeish believed by tracking pre-ceramic caves in the southern portion of Mesoamerica, viz. , in the caves of Copan and the Comeagua Valley of Honduras he would hold a better opportunity of tracking the maize ( MacNeish 1962 ) . His hunt extended to Zacapa Valley of Guatemala in 1959, every bit good holding brief visits in Oaxaca and the Rio Balsas Valley of Guerrero. In 1961 MacNeish and his squad started the Tehuacan undertaking which yielded to be a great incredible success. Among many inquiry with this undertaking MacNeish and his co-workers were able to work out the job of the beginnings of maize and were able to assail the how and the why of many other domesticated workss in upland Mesoamerica. Harmonizing to MacNeish the sum of artefacts ( 50,000 lithics, more than 100,000 works remains, over 10,000 castanetss and some 250 human fecal matters ) found in the 454 sites gave the squad a clip p that approximately stretched from 20,000 to 2000 B.C. Since MacNieshs ‘ research and diggings at that place have been over 1000 sites found and more archeological grounds to back up his original findings.

In decision, the subject of “ corn ” is one that has intrigued and puzzled archeologists for many old ages. The domestication and development of corn in and of itself causes much argument. It is because of great archeologists like MacNeish and his firm wonder of the “ great maize Hunt ” as to why we have the information that we have today. The mere grounds of 454 sites going 1000 in a affair of old ages speaks for itself. The fact remains that there are 4 major independent centres of works domestication, the Near East, China, North America, and Mesoamerica. It is the purpose of this paper to hold clearly introduced even the novitiate of individual ‘s to what precisely is the definition of corn, how maize became a major basic in prehistoric people ‘s diet, and how corn has been detected in Mesoamerica through grounds in the archeological record.