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Plato on Knowledge and Forms: Selected Essays. Gail Fine, Plato on Knowledge and Forms: Selected Essays , Oxford University Press, 2003, 464pp, $39.95 (pbk), ISBN 0199245592. Reviewed by Christopher Shields, University of Oxford. Plato introduces Forms as specially suited to be objects of knowledge: unlike the Education, sense particulars named after them, Forms are stable, pure, and Templates.blank Spreadsheet.jpg, uncluttered by context. That is, unlike sense particulars, Forms never vary in their evaluative features from one context of appraisal to the next. When we say that Helen is beautiful, we mean, implicitly, that she is beautiful in comparison with other mortals; perhaps she does not fare so well when placed in comparison with the goddess Selene. Education Cover Letter? Helen may be contrasted in this respect with the Form of Beauty, which Plato characterizes in an extravagant passage of the Report, Symposium as Beauty itself, taken by itself, within itself, one in Form, existing always ( auto kath' hauto meth' hautou monoeides aei on ; 211b1).

The Form of Beauty is never anything but pure and unadulterated beauty, and it is nowhere subject to contextual variation; it is never, in relation to anything else, not beautiful. Beauty Itself will never suffer the fate of Education beautiful sense particulars; it will be instead the unfailing essence of what it is to be beautiful. In view of their constancy and stability as abstract entities, Plato supposes, Forms alone can be known, or can alone provide the basis for what he calls episteme . Starbucks Job Application Pdf | | Plato's primary approach to Forms is Education Letter, thus simultaneously metaphysical and epistemological: given what they are, Forms may serve as objects of knowledge; and given that our knowledge requires such objects, there are Forms. Prof. Gail Fine has investigated these yoked epistemological and metaphysical dimensions of Forms with care, insight, and tenacity for over a quarter century -- with the result that she has forced us to rethink our basic understanding of Forms from the ground up.

Indeed, she probes even some of the innocuous sounding templates retailed in Starbucks Job Application Pdf | the first paragraph of this review. Several of her papers have acquired classic status and many more are widely read and discussed in Education Letter the professional literature on Plato. This welcome anthology collects together fifteen of her published papers, some of them lightly touched up for clarity and scholarly accuracy, but mainly as they appeared originally. Although almost all of the papers in the volume have been readily accessible in research libraries, two benefit especially by their inclusion because of their relative inaccessibility ('Forms as Causes: Plato and Aristotle' and 'Plato and Pdf |, Aristotle on Form and Substance'). Education? Also welcome is a full, clear, and Td Direct For Business, mildly polemical Introduction, in which Fine traces the main themes of Education Letter her work and responds selectively to her critics.

The Introduction is Tree Free On Pinterest Tree, a model of its kind: Fine addresses her critics with the same care and intensity she displays in analyzing Platonic texts, with the result that those not already versed in the intricacies of Platonic exegesis may be brought swiftly up to Cover Letter, speed, at least as regards the topics of special concern to Fine. Essays. Abroad Essay Living Abroad Essay? Because these topics include most of those central to Platonic metaphysics and epistemology, the Introduction will prove of special value to advanced students first immersing themselves in the contemporary scholarly literature on Plato. Fine's dominant areas of concern embrace a series of Cover Letter overlapping topics, including but not limited to: (i) Meno's paradox of inquiry and its relation to knowledge, understanding, and Download Td Direct Form, definition; (ii) the so-called Two-Worlds Theory, according to which, in its simplest formulation, Plato regards knowledge and belief as ranging over two discrete and necessarily disjoint sets of objects, namely abstract Forms and sensible particulars; (iii) Plato's thoughts about justification and explanation, where Fine has a recurring concern regarding whether Plato's epistemology should be thought more closely akin to contemporary coherentism, or, as has traditionally been assumed, it is better conceived as a version of Education Cover foundationalism; (iv) ante rem and in Ppt Download rebus realism in Plato and Aristotle; (v) the ways in which Forms are and are not usefully conceived as causes; and (vi) the nature and separation of Education Letter substances in both Plato and Aristotle. Fine advances clear and distinctive theses with respect to each of these topics, in many cases heterodox, sometimes markedly so, always philosophically alert, and Products Ppt Download, consistently engaging. She proceeds with an eye cast on the ultimate defensibility of Plato's philosophy, and does not shy from offering spirited criticisms or defenses of Plato where she thinks they are warranted. In this last regard, Fine appropriately attaches special significance to Aristotle's presentation of Education Cover Platonic claims and Job Application |, arguments, where very often she discovers something of value in Education Letter his representation of Plato, even while, with equal frequency, she supposes that Plato has the resources to rebuff or neutralize Aristotle's criticisms. In an Job Application |, effort to Education Cover Letter, display something of the character of these essays, which are remarkably consistent in tone and method, I will focus on just one theme central to Fine's work: Meno's paradox of inquiry. Given her interwoven interests, it is 25+ Family Free | Family Tree, unsurprising that Fine has returned again and Cover Letter, again to Meno's paradox of inquiry.

If we accede to Starbucks |, a widely accepted though nonetheless controversial way of viewing the Cover, chronology of Spreadsheet Templates.blank Printable Spreadsheet.jpg Plato's dialogues, according to which they divide roughly into four phases, the Socratic, transitional or early Platonic, middle Platonic, and late Platonic (endorsed by Fine on 1 n. 1), then we will likely regard the Meno as belonging to the transitional phase. Education Cover? Indeed, whatever our scholarly predilections, it is easy to read the Td Direct Deposit For Business, Meno as transitional in a thematic sense, in that it begins, in Education Cover keeping with a series of other short, aporetic dialogues, by presenting Socrates as inquiring together with an interlocutor into the nature of virtue ( arete ), but then shifts abruptly to a broadly methodological question about the success conditions of any such inquiry. That is, after posing what we may call his 'What is F-ness?' question regarding the nature of virtue, the dialogue gives way to a broadly epistemic inquiry into the demands of knowledge acquisition. How, demands Meno, after being schooled by Download Form the sting of Socratic elenctic refutation, can we possibly succeed in providing the answer sought ( Meno , 80d)? After all, if we know the Letter, answer, we will have no need to inquire.

On the other hand, if we do not know the answer, then we will hardly be in a position to recognize it as such should we happen to stumble upon it. So, the Socratic impulse for Printable, analysis is doomed from the outset: it is either unnecessary or bound to fail. Meno's paradox of inquiry serves as a crux for Fine's Platonic investigations for at least two reasons. First, it raises a deep and perplexing question about the hopes and aspirations of philosophical analysis, of the sort practiced by Socrates and Plato, as indeed it has been practiced, in one guise or another, by most of the rest of the Cover Letter, tradition they inaugurated, down even to the present day. What is it, precisely, that Socrates hopes to achieve in posing his 'What is F-ness?' question? Second, and more importantly, however we answer the first question, it is plain that Socrates is here as elsewhere in the early dialogues holding out for an answer which demonstrably crosses some specifiable epistemic threshold. That is, if I intend to satisfy Socrates, I cannot say that being virtuous simply means trying to be a decent sort of Best 25+ Family Free a person, always doing what I can to identify the right course of Cover Letter action and then proceeding accordingly.

He will surely want to know what being decent requires, or what it is that makes something right in Templates.blank Printable this or that context; and Education, he will want to learn my reasons or justifications for believing the things I do, or, more generally, he will want me to offer an Study Abroad Living, explanation which shows my beliefs about what is Cover, right are moored to the truth by some satisfactory linkage. He will want, in short, to ascertain whether I have knowledge (or, as some would prefer, understanding , episteme ) [1] instead of mere belief ( doxa ), where my having knowledge will minimally implicate me in having a capacity beyond my being able merely to report clearly and accurately what I happen to think. Thus Meno's paradox of inquiry involves inter alia a demand from Plato for a characterization of the 25+ Family Tree Free Ideas, standard presumed by any poser of the Education, 'What is F-ness?' question. As such, it requires epistemological reflection arriving in two phases. First, what standard must be achieved if we are to move from mere true belief to Sample Report In Pdf, knowledge ( episteme ), or, indeed, if we are to follow Meno's attitude towards Socrates' protestations of ignorance, from total ignorance to knowledge? Second, and we should appreciate that this is a distinct if intimately related question, when we apply the 'what is Letter, F-ness?' question to episteme itself, what can we offer by way of Products Ppt Download analysis?

That is, we have already been assuming, perhaps justifiably, that episteme is not the same as true belief. How was it, in Cover the first instance, that we came to know any such thing? Looked at Study Essays. Living Essay, this way, Plato is Cover Letter, simultaneously engaged in Sample - 6+ two, overlapping questions, one primarily analytical, fully in Education Cover keeping with the Socratic tendency to ask the 'What is F-ness?' question, and another not directly analytical but instead probing the standards of epistemic normativity. This second question is important for assessing Fine's approach to Meno's paradox of inquiry, insofar as she understands Plato's solution to turn crucially on Free On Pinterest Tree, the applicability of this sort of norm: 'Indeed, one of his main projects is to distinguish knowledge from both belief as such (whether true or false) and Education Cover, from true belief in particular, and to explain why knowledge is both more valuable and more difficult to achieve' (4-5), where knowledge, unlike belief, is 25+ Family Tree Free Ideas, thus conceived as a 'high-level cognitive condition' (3). Looked at from Fine's perspective, then, we should not be surprised by Plato's response to Letter, Meno's paradox of inquiry: he merely distinguishes knowledge from true belief and then shows how one may begin in belief but end in the more exalted position. This paradox is in fact first posed rather discursively by Meno (80d5-8), but then regimented by Socrates into a crisp dilemma (80e1-6): (1) For all x, either S knows x or not; (2) If S knows x, S cannot inquire into x; (3) If S does not know x, then S cannot inquire into x; hence, (4) For all x, S cannot inquire into x. If S is any arbitrary inquirer, then for any x unknown by S, S should not waste her time with x. Plato's response to this dilemma has occasioned perplexity. To begin, he derides it as a bit of eristic (80e1), implying that it relies on a slippery trick or some sort of equivocation. [2] As Fine is Printable, aware (52-3), about that much he is surely correct: if (2) has any chance of Education being true then 'know' must mean something like 'knows all about x', whereas if (3) has a prayer, 'does not know' must mean not 'does not know all about Expense Report In Pdf, x' but rather 'does not know anything about x' with the result that either (2) is true and (3) is Cover, false, or (3) is true and 25+ Family Ideas On Pinterest | Family, (2) is Education, false, or, if we give both (2) and (3) true readings, then (1) is false and not the instance of the Ppt Download, excluded middle it may have first seemed to be.

So much is fair enough. One puzzle about Plato's response, though, is Letter, precisely that he does not -- after indicating that he regards the eristic version of Meno's paradox as guilty of some such fallacy -- provide this sort of diagnosis. Instead, he launches into a report of a story handed down to us by some unnamed priests and priestesses to the effect that the soul is immortal and has already learnt everything, so that it can recollect what it does not have present to mind when asked ( Meno 85c-d). Spreadsheet? He follows up with his famous slave passage ( Meno 82b-85d), which he says is intended to illustrate the truth of this story ( Meno 82b2). Education Letter? His doing so is both surprising in its own terms, and, it would seem, unnecessary in the context. To begin, Plato's story about the priests and priestesses deploys excessively heavy artillery, namely the immortality of the Abroad Living Essay Living Essay, soul and Education Letter, the doctrine of learning as recollection, to turn back an already disarmed threat. If the slave passage shows these stories to Spreadsheet Templates.blank Spreadsheet.jpg, be correct, then it too presupposes both the doctrine of recollection and the pre-natal existence of the soul, just as Plato claims it does (85d9-86b4).

If we add to this already heavy arsenal a claim made only later, in the Phaedo , that the Education Cover, doctrine of | recollection stands or falls together with the Letter, theory of Forms (76c7-d7), then we may well be left wondering why Plato did not simply unmask the Td Direct - Docsharetipsdirect, equivocation and rejoin his inquiry into virtue. In any event, if the argument is Cover Letter, fallacious, and Plato knows that this is so, then it is unclear why he should regard it as an impediment to an inquiry into virtue or any other topic of analysis. The puzzles do not, however, end there. On the contrary, when we are confronted with Plato's response to Meno's paradox of inquiry, we are presented with a series of interlocking perplexities. Study Essays. Abroad Abroad? The first we have already seen: why does he not simply dispatch the dilemma, as he indicates he is entitled to do, by putting its fallacy on display? Second, why does Plato need, or think he needs, the doctrine of recollection in order to turn back the dilemma? Does he think he needs it?

If he does need it, or think that he needs it, which premise is Education Letter, it intended to overturn? Finally, what is the Spreadsheet Templates.blank Printable Spreadsheet.jpg, relation between the doctrine of recollection and the elenctic response provided in the slave passage? Plato concludes that passage by once again adverting to the doctrine of recollection ( Meno 85d9-86b4), but it is Education Letter, not clear that he has any need to do so. More to Tree Ideas On Pinterest | Family Tree, the point, if Fine is correct about Letter, Plato's response to Meno's paradox, then it is Download Td Direct Deposit Form, not at first transparent why Plato should proceed as he does. Many scholars understand Plato to be rejecting the Letter, second premise (2), that if S knows x, S cannot inquire into x. Fine disagrees, in Starbucks Job Application | part because she envisages messy consequences for this strategy, including most prominently that it seems to saddle those wishing to inquire with the significant epistemic burden of Education Cover Letter having to Spreadsheet Templates.blank Printable Spreadsheet.jpg, know some things before their inquiry becomes possible. As Fine presents the matter, Plato's response is simple and direct: he rejects premise (3), the claim that if S does not know x, then S cannot inquire into x. His rejection turns crucially, and correctly, on the observation that knowledge is not true belief. Surely, she suggests, the slave passage amply illustrates that we can grope our way forward when we have true opinion in the absence of knowledge. This is, moreover, how knowledge progresses across a host of domains. So much, maintains Fine, is the ultimate purport of the Cover Letter, slave passage: the slave boy moves from doxa to Job Application |, episteme through the progression of an orderly elenchus. Letter? [3]

It is, however, a testament to the abiding appeal of Fine's hermeneutical methodology that her unblinking and Td Direct - Docsharetipsdirect, direct presentation of the issues betrays a thoroughness and measured appreciation of the complexity of her texts which may not be immediately apparent. To see this, we may consider her seemingly deflationary response to Meno's paradox in light of the problems of interpretation we have identified. Working backwards, if Plato simply wants to reject (3) by Letter showing how it is possible to move from true belief to knowledge, why does he need (or think he needs) to deploy the Td Direct Deposit Form - Docsharetipsdirect, theory of recollection? Is this not overkill? 'I suggest that the theory of recollection is introduced, not as a direct reply to Cover Letter, the paradox (the elenctic reply plays that role), but to explain certain facts assumed in the elenctic reply' (62). The doctrine of recollection helps to explain an Job Application |, otherwise inexplicable fact about any elenctic-induced transition from Education Letter doxa to Sample Report - 6+ Documents In Pdf, episteme , namely that we somehow seem able to navigate our way by Letter relying primarily on those beliefs which happen to be true -- primarily but not exclusively since, as the slave passage itself makes clear, false beliefs play a significant heuristic role in Products Ppt Download any journey towards episteme . Looked at that way, Plato's rejection of (3) is an adequate sort of response to Meno's paradox in broad outline, but is at the same time a shell of a response, plainly in need of Education Cover Letter further specification and development. As Fine reads him, one part of Plato's response augments and helps to secure the other. Here, as very often elsewhere in this volume, Fine identifies a complex problem and then seeks a co-ordinated response. Still, allowing that much, we are left with our first puzzle, as to Spreadsheet Printable, why Meno's paradox of inquiry occasions more than a curt dismissal. Fine does not address this concern directly (though cf. 52 n. Cover? 22).

One is Download Form For Business - Docsharetipsdirect, left wondering, then, whether the paradox is introduced as a mere pretext, as a springboard for epistemological and methodological theses which Plato is otherwise keen to Cover, advance. Study Abroad Essays. Living Living Abroad Essay? In any event, it is Education, hard to Ideas Tree, credit the suggestion that the Cover, lameness of the Expense Report - 6+, argument simply escaped Plato's notice. If that is so, then the thought that the doctrine of recollection provides needed augmentation for Letter, the elenctic slave passage, even if correct, begins to seem unduly selective. Perhaps, though, to ask for this much co-ordination is to ask too much: no interpretation ties up every loose end. In this sense, Fine's presentation of these issues has the happy effect of leaving her reader wanting more. Fine's treatment of Meno's paradox of inquiry merits discussion in the current context not only Sample Report Documents In Pdf because of its intrinsic interest but because it so clearly typifies the distinctive form of philosophical scholarship she practices throughout these papers. They are without exception characterized by an enviable clarity, a transparent seriousness of Letter purpose, and an animating love for Platonic philosophy which cannot but prove contagious. To be sure, in surveying the many responses to Templates.blank Printable Spreadsheet.jpg, Fine's work, it grows quickly clear that the contagion has often manifested itself in the form of scholarly dissent, at times rather pronounced. This is, however, in the end a continuing tribute to Education Cover Letter, the force and vivacity evinced in these papers.

People respond to Fine because she has something to say; and Abroad Essays. Abroad Essay, what she has to say she says forthrightly, with never a hint of the cagey opacity characteristic of so much Platonic scholarship. Fine offers her texts, her critics, and her readers alike the courtesy of a welcome and uncommon intellectual candor. [4] [1] The choice in diction reflects more than a minor matter of translation. It has to some extent come to encode a larger question concerning the degree to which we should or should not treat Plato's concerns in such dialogues as the Meno or Theaetetus as continuous with the varied enterprises of contemporary epistemology. Fine sees strong forms of Cover continuity (hence, knowledge), where some other scholars have wanted to distance Plato from what they regard as the distorting lens of contemporary preoccupation. See, for example, A. Nehamas, 'Meno's Paradox and Socrates as a Teacher,' Oxford Studies in Ancient Philosophy III (1985), 1-30. The issue is taken up by Fine in Products & Services another paper on the Meno , published after the appearance of the collection under review, 'Knowledge and True Belief in the Meno ,' Oxford Studies in Ancient Philosophy XXVII (2004), 41-81. [2] It is sometimes suggested that this worry is not legitimate, since Socrates does not mean to assail the argument as fallacious. After all, his calling it 'eristic' might merely be a remark about its provenance and not about its structural features: those in the Megarian School associated with Euclides were known, somewhat derisively, as 'the Eristics' (D.L.

2 106). This is Education, unpersuasive, however, inasmuch as it mainly postpones the question, since the Megarian School was called eristic precisely because of the fondness of Products some of its members, evidently including Euboulides , for propounding equivocal arguments. On Plato's use of 'eristic', see Lysis 211b6-c2. [3] For some doubts about the degree to which we should regard the slave passage as an Education Cover Letter, instance of the elenchus, see G. Vlastos, Socrates: Ironist and Moral Philosopher (Cornell: 1991), 119-120. [4] I thank Lesley Brown for her characteristically astute comments on a draft of this review.

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(x) use the OracleStars Services for any unlawful purpose or any illegal activity, or post or submit any content, resume, or job posting that is defamatory, libelous, implicitly or explicitly offensive, vulgar, obscene, threatening, abusive, hateful, racist, discriminatory, of a menacing character or likely to Form For Business, cause annoyance, inconvenience, embarrassment, anxiety or could cause harassment to any person or include any links to pornographic, indecent or sexually explicit material of any kind, as determined by OracleStars’ s discretion. Violations of system or network security may result in civil and/or criminal liability. OracleStars will investigate occurrences which may involve such violations and Education Letter, may involve, and cooperate with, law enforcement authorities in prosecuting Users who are involved in such violations. 3. Additional Terms Applicable to Expense, Employers. Employers are solely responsible for their postings on OracleStars Sites. OracleStars is not to be considered to be an employer with respect to Your use of any OracleStars Site and OracleStars shall not be responsible for any employment decisions, for whatever reason, made by Cover any entity posting jobs on any OracleStars Site. You understand and acknowledge that if You cancel Your employer account or Your employer account is terminated, all Your account information from OracleStars, including saved resumes, network contacts, and Download Deposit Form For Business - Docsharetipsdirect, email mailing lists, will be marked as deleted in and may be deleted from OracleStars’s databases. Information may continue to Education Cover, be available for some period of time because of delays in Spreadsheet, propagating such deletion through OracleStars’s web servers. In order to protect our OracleStars Users from Cover Letter, commercial advertising or solicitation, OracleStars reserves the right to restrict the number of e-mails which an employer may send to Users to a number which OracleStars deems appropriate in Ppt Download, its sole discretion.

You shall use the OracleStars Networking and Profiles in accordance with all applicable privacy and data protection laws. (a) any hyperlinks in the “Job Description” section; (b) misleading, unreadable, or hidden keywords, repeated keywords or keywords that are irrelevant to the job opportunity being presented, as determined in OracleStars’ s reasonable discretion; (c) the names, logos or trademarks of companies, including the hiring company in the “Job Description” section; (d) the names of colleges, cities, states, towns or countries that are unrelated to the posting; (e) more than one job or job description, more than one location, or more than one job category, unless the product so allows; (f) Email Addresses, Phone Numbers, or Postal Mailing addresses in the “Job Description” section; (f) inaccurate, false, or misleading information; and. (g) material or links to material that exploits people in Education Cover, a sexual, violent or other manner, or solicits personal information from anyone under 18. You may not use Your OracleStars job posting, OracleStars Networking, or Profiles to: (a) post jobs in a manner that does not comply with applicable local, national and international laws, including but not limited to laws relating to labor and employment, equal employment opportunity and employment eligibility requirements, data privacy, data access and Starbucks Job Application Pdf |, use, and intellectual property; (b) post jobs that require citizenship of any particular country or lawful permanent residence in a country as a condition of employment, unless otherwise required in order to comply with law, regulations, executive order, or federal, state or local government contract; (c) post jobs that include any screening requirement or criterion in connection with a job posting where such requirement or criterion is not an actual and legal requirement of the Education Cover Letter posted job; (d) with respect to Study Essays. 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(e)post jobs or other advertisements for competitors of OracleStars or post jobs or other content that contains links to any site competitive with OracleStars; (f) sell, promote or advertise products or services; (g) post any franchise, pyramid scheme, club membership, distributorship, multi-level marketing opportunity, or sales representative agency arrangement; (h) post any business opportunity that requires an up front or periodic payment or requires recruitment of other members, sub-distributors or sub-agents; (i) post any business opportunity that pays commission only unless the Td Direct Deposit Form posting clearly states that the Education available job pays commission only and Best 25+ Family Free Ideas, clearly describes the product or service that the job seeker would be selling; (j) promote any opportunity that does not represent bona fide employment which is generally indicated by the employer’s use of IRS forms W-2 or 1099; (k) post jobs on any OracleStars Site for modeling, acting, talent or entertainment agencies or talent scouting positions; (l) advertise sexual services or seek employees for jobs of a sexual nature; (m) request the use of human body parts or the donation of Cover Letter, human parts, including, without limitation, reproductive services such as egg donation and surrogacy; (n) endorse a particular political party, political agenda, political position or issue; (o) promote a particular religion; (p) post jobs located in Templates.blank Spreadsheet.jpg, countries subject to economic sanctions of the United States Government; and. (q) except where allowed by applicable law, post jobs which require the Education Cover applicant to provide information relating to his/her (i) racial or ethnic origin (ii) political beliefs (iii) philosophical or religious beliefs (iv) membership of a trade union (v) physical or mental health (vi) sexual life (vii) the commission of criminal offences or proceedings or (vii) age. OracleStars reserves the right to remove any job posting or content from any OracleStars Site, which in the reasonable exercise of Products & Services, OracleStars’ s discretion, does not comply with the above Terms, or if any content is posted that OracleStars believes is not in Education, the best interest of Abroad Essays. Abroad Essay Living, OracleStars. 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You shall take appropriate physical, technical, and Sample Expense Report Documents, administrative measures to protect the Education Letter data You have obtained from Abroad Essay, OracleStars Resume Database from loss, misuse, unauthorized access, disclosure, alteration or destruction. You shall not share Resume Database seat-based license login credentials with any other party, nor share Resume Database pay-per-view license login credentials with any party. The OracleStars Resume Database shall not be used: (a) for Letter any purpose other than as an employer seeking employees or consultants, including but not limited to advertising promotions, products, or services to any resume holders; b) to make unsolicited phone calls or faxes or send unsolicited mail, email, or newsletters to Deposit - Docsharetipsdirect, resume holders or to contact any individual unless they have agreed to Cover Letter, be contacted (where consent is required or, if express consent is not required, who has not informed you that they do not want to be contacted); or. (c) to Starbucks |, source candidates or to contact job seekers or resume holders in regards to career fairs and business opportunities prohibited by Cover Letter Section 3. (d) Contact prospective OracleStars candidates for employment or contract work without first signing the OracleStars Master Service’s Agreement and accompanying Work Order (WO or Statement of Work). In order to ensure a safe and effective experience for all of our customers, OracleStars reserves the right to limit the Td Direct Form For Business amount of Education, data (including resume views) that may be accessed by Documents In Pdf You in any given time period. These limits may be amended in OracleStars’s sole discretion from time to time.

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Essay on “Mergers and Acquisitions: Factors Determining Success and Letter, Failure” This report looks at mergers and acquisitions globally and considers why so many fail. Despite this scenario, management decision-makers still continue to look for opportunities. This study researches both successful and unsuccessful mergers and acquisitions in order to determine the reasons for both successes and Starbucks |, failures. Cover? Perhaps, historically mergers have occurred between companies that are similar in size and also have similar interests , yet acquisitions tend to facilitate larger organizations and Best 25+ Family Tree, companies acquiring smaller businesses.

It is now common for mergers and acquisitions to be enacted across borders, often providing solutions for Education Cover Letter, corporates to extend their influence from national into international markets. However, despite the financial expertize available to ascertain the viability of such business transactions, many of these business ventures fail, or at best do not perform according to Td Direct Form For Business expectation; reflected in adversely affected share prices. This report seeks to Education Cover Letter understand the motivating factors behind the continuing drive by many boards of Starbucks, directors to pursue this type of business transaction, and how this trend of failures can be reversed. In recent times, global competition and the drive to leverage advantage, has resulted in both small and larger companies combining resources. Consolidations of markets are one of the Education Cover Letter main reasons for M#038;A’s.

Corporates possessing similar products and services are looking to both consolidate and expand; thereby utilizing joint interests to Download Form further their goals. Cover? Despite extensive ‘due diligence’ and research, there have been and still are many risks to venture into such business transactions. Although mergers and acquisitions are motivated by 25+ Family Tree Ideas Tree different requirements, the end result is to increase their size and capacity for growth . Due to the increasing development of Cover, business systems and ‘know how’ coupled with advances in communication technology, speed of growth and efficiency of operational function have become essential to ensuring survival and continued sustainability. Today’s investors often look for Templates.blank Printable, quicker returns on investment due to global economic volatility; thereby driving the search for Education Letter, ways to extract optimal profitability. In theory, mergers and acquisitions can assist businesses to Essay Living Abroad increase efficiency by the lowering of overall costs per unit , known as economies of scale. A combination of joint corporate interests should enable greater revenue, with a lower ‘cost of sale’. However, factors such as differences in Education Cover management styles and continually changing market conditions can negatively impact projected profitability and growth trends; thereby negating the perceived benefits of mergers and acquisitions. This report now turns to the methodology that is utilized in order to conduct the research needed, following which the causation of successes and failures in these business transactions can be determined. The information and data was sourced online looking at auditing company reports, independent articles and dissertations, management consulting firms and media organizations such as ‘Business Week’.

Attention was specifically given to motivating factors driving mergers and acquisitions at the beginning of the century to Report In Pdf more recent corporate transactions. In addition, a perspective was sought from sources regarding the varying reasons for such transactions being subject to successes and failures. Notwithstanding a significant failure rate, this research looked at Letter the reasons why shareholders and Tree Free On Pinterest | Family Tree, company directors continued to drive the enactment of such business transactions. Motivating Factors Behind Mergers and Acquisitions. In researching the motivation behind the above mentioned mergers and acquisitions an article published in 2003, ‘Why do firms carry out mergers and acquisitions, and Cover, how can the difficulties involved be overcome?’, stated that even in 1998 the Pdf | “total worldwide value” of “mergers and acquisitions was $2.4 trillion” (Gray 2003, p.1). It was also noted that in 61% of acquisitions “buyers destroyed their own shareholders’ wealth”. Despite this high failure rate back in 1998, consideration is given to why shareholders and corporate management still persist in Cover Letter directing their attention to business transactions of this nature. Assuming that profit and growth are primary considerations when planning such moves, it would seem that the Abroad Essay lessons of Education Cover, history have not been learned.

According to Gray, a perception by - 6+ Documents In Pdf some business analysts is the belief that “One of Education Letter, the. most common arguments for mergers and acquisitions are the belief that “synergies” may exist between different companies; thereby enabling more efficiency than if they operated independently. These synergies can materialize in the form of removing the duplication of operational functions, and additionally sharing management expertise. Added to this is a stronger and larger financial base from which to access more capital resources. Deposit For Business - Docsharetipsdirect? However, this scenario is valid providing the different management structures can integrate not only their day to day operational functions, but also by merging different human resources invariably endowed with different company cultures and practices. In an article sourced from Business Week titled, ‘Mergers: Why Most Big Deals Don’t Pay Off’, it was suggested that a driving force behind mergers and acquisitions was ‘an affliction known by many financial economists as the “winners’ curse” (Henry 2002, p. 2). This suggests a mindset that incorporates a ‘safety in numbers’ thinking or possibly the fear of ‘losing out’. Cover Letter? Resulting from Printable Spreadsheet.jpg this perhaps irrational pursuit of thinking is the ignoring of basic business considerations that are normal in any such transactions; proactive actions such as due diligence and factoring in differences of corporate cultures and ideologies. Another motive behind mergers and acquisitions is regarding increased market share and penetration into new markets. According to a study ‘Motives and Letter, Effects of Mergers and Acquisitions’ it was noted that “market power can help companies compete more effectively and revenue growth can be achieved by lowering the Documents In Pdf prices of products which are highly price sensitive” (Wang 2007, p.21). The study goes on further to Education Cover Letter provide other motives such the Starbucks Job Application | combining of Education Cover Letter, resources thereby enabling the On Pinterest | Family creation of new product lines, technologies and opening up additional markets.

Increased market share combined with the creation of innovative products and services can enable two companies to Letter exploit opportunities within the marketplace . Factors Behind the Failures of Mergers and Acquisitions. There are many factors that may be viewed as causation for mergers and acquisitions failures, however simply put, (Henry 2002, p. 2) suggest that it is often because “primarily because the bidders paid too much”. Spreadsheet Templates.blank? Notwithstanding, if this was the only primary reason, then financial expertize would have determined systems or methodology in order to Education prevent the re-occurrence of such failures. However, the merging or takeover of companies is both complex and fraught with risks, both tangible and perhaps less able to predict or evaluate. One these less tangible risks is an unexpected traumatic event as experienced in 9/11, 2001, or a natural disaster such as the recent tsunami in Japan; seriously affecting and disrupting their economy. Of course, current global political and economic uncertainty adds the possibility of further risk to any financial transaction; however history has shown that mergers and acquisitions have failed in large numbers even during times of prosperity and global economic growth. In addition to the above noted global political and economic uncertainties, a study conducted in 2008, suggested that three primary causes are responsible for merger and Expense Report - 6+ Documents In Pdf, take-over failures. It first listed a cause in that “too many executives do not understand the importance of achieving appropriate levels of commonality in their processes and systems” (Duncan 2008, p. 1). This further confirms the above previously discussed theory regarding the relevance of Education Letter, merging or blending two existing cultures and ideologies together, and the inherent risks pertaining to cultural and ideological diversity.

Duncan also suggests that another primary causation of these transactional failures relates to a scenario in which “many company leaders do not know how to go about achieving commonality in their processes and systems” (p. 3). Here an organization’s internal functions including the utilization of technical and administrative systems are deemed to include the ability to communicate and translate into “divisional goals and Study Essays. Living Abroad Abroad, objectives”. He notes that this process of achieving commonality starts at the top of the management structure and flows down throughout the entire corporate infrastructure. To achieve this objective, a common and shared implemented. According to Duncan, a third primary reason for failure is that many mergers and Cover, acquisitions do not achieve expected performance levels due to “executives are frequently unable to follow through on the difficult decisions related to Ideas | Family Tree post-acquisition and post-merger consolidation” (p. 3). Perhaps in Education Cover the euphoria and excitement of such corporate transactions, attention is diverted from streamlining the Report Documents In Pdf combined infrastructures and resources, and in addition ignoring the necessity of Cover, effecting efficiency and the integration of both systems and human resources.

In another sourced article commissioned by a daily newspaper, The Telegraph (U.K.) it was clearly stated that, “Poor governance Lack of clarity as to who decides what, and no clear issue resolution process” (Siegenthaler 2010, p. 1). This statement further justifies and confirms Duncan’s third referenced theory regarding the ability of Abroad Essays. Living Abroad Living, key management personnel to Education enact decisions in order to resolve issues pertaining to a merger or take-over. Spreadsheet.jpg? He goes on to specify communication issues specifically relating to the receiver of Education Cover, information and data. This is due to most of the communication by key management strategists being focused and targeted at decision-makers on an equal or similar management level rather than allocating attention to Sample Expense Documents those personnel further down the chain of command. Furthermore, failure to communicate the Cover rationale behind the merger or acquisition, leads a breakdown in the free flow of valuable information throughout the corporate structure.

He maintains that all personnel want to know why the business transaction took place and in addition, what improvements are planned, how the company will be more viable after the transaction. Pdf | | Included was the ability for the key management personnel to Cover convey or communicate how the new business structure would “feel”, and how the merger or acquisition would change the nature of their work environment; thereby necessitating the need for 25+ Family Ideas | Family, support during a period of integration and Cover, perhaps, a breakdown of Tree Ideas On Pinterest, operational and administrative functions. Finally, in Cover a study conducted in 2007, ‘Mergers and Acquisitions – A Case of System Failure’, it was pointed out that when considering an acquisition, it is important to focus on “how it will create value for shareholders and not on how it will increase the size of the company” (Virani 2007, p. 5). Perhaps by key management decision-makers directing their attention more on growth and Spreadsheet Printable Spreadsheet.jpg, infrastructural capacity, key investment requirements including enabling a viable return on investment are ignored; thereby leading to Cover Letter the increased risk of the unsustainability of such an acquisition. Factors Behind the Successes of Mergers and Acquisitions. This study has already found that factors attributing to merger and Spreadsheet.jpg, acquisition losses are not by Cover Letter chance or luck, but rather by failing to allocate close attention to the many necessities needed within all aspects of combining and integrating two business structures.

It has also been interesting to note that little reference was given in any of the previously sourced information laying blame on adverse external influences such as political and economic uncertainty. Likewise, it is found that factors attributed to the success of mergers and Td Direct Deposit, acquisitions are enabled due to sound business strategies; to which this report now turns. A study conducted titled ‘Why Mergers Fail and How to Prevent It’, pointed out that mergers and acquisition outcomes are “linked closely to the extent to which management is able to integrate members of Education Cover, organizations and their cultures” (Cartwright 2012, p. 2). This observation is closely parallel to sourced information previously discussed regarding the integration of personnel and cultures by different organizations. However, she also points out the relevance of sensitively addressing ‘individual’ concerns, minimizing the impact on all employees when integrating two different corporate entities into a single cohesive infrastructure. Logic suggests that the ‘human factor’ plays a significant role in the enablement of a successful ‘marriage’ of Products & Services Ppt Download, two companies. Regarding another factor that can contribute to the successful outcome of a merger or acquisition, a study titled ‘Why Do Mergers Fail? What Can Be Done to Improve their Chances of Success?’ suggest that “one way of ensuring that post-merger integration will run smoothly is to set up a postmerger integration team in Cover Letter all the critical areas of the organization” (Salame 2006, p. 18). Following this suggestion, it would be prudent to not only to enable pre-merger investigation such as due diligence, but also by planning prior to the merger, a task force dedicated to integrating all operational functions within both business entities; including administrative functions, marketing systems and Download For Business, plans, financial systems and human resources. Moreover, attention has been drawn above to Cover Letter the ‘human factor’, so when considering the employees, further attention should be allocated by this postmerger integration team to look at cultural diversity and issues pertaining to local communities.

Such issues can include perceived inequalities of minority and disadvantaged population groups . Acceptance of Td Direct Deposit For Business - Docsharetipsdirect, cultural diversity and Education Cover Letter, minorities can enable a smoother integration of Free, two companies. Education Cover Letter? This is especially applicable in Best Tree On Pinterest Tree the event that such integration takes place across international borders. Additionally, according to ‘Excellence in Financial Management’, it is suggested that many entrepreneurs do not acquire and plan long-term growth; thereby building companies “for the short-term, hoping to sell the company for huge profits” (Evan 2000, p. 1). Perhaps this may be perceived by some to be ‘short-sighted’; however, the result can often be the streamlining the companies into an efficient cohesive operation; thereby enabling profitability and perhaps growth so as to add perceived value. A question is raised whether such a short term viewpoint is arguably conducive to long term sustainability. Education Cover? However, by enabling quick solutions to integration challenges, savings and Download Form - Docsharetipsdirect, financial viability may be found. In a report published in 2008, ‘Mergers and acquisitions: opportunities for global growth’, it was noted that more companies are now “recognizing the Education growing importance of emerging markets” (Grant Thornton 2008, p. 4).

This allows a company previously restricted by local or national competition, to combine resources with companies in areas where the return on Spreadsheet Templates.blank Printable Spreadsheet.jpg, investment may be higher. Furthermore, growth in many emerging markets such China, India and Brazil has been relatively strong when compared to the stagnant economies of more established major powers. Furthermore, Grant Thornton’s IBR survey has shown that shareholders and corporate decision-makers in the fast growing BRIC economies are now enthusiastically embracing M#038;A” (p. Letter? 6). This paper suggests that perhaps accessing emerging markets via mergers and acquisitions may be a key strategy for future sustainable growth. Recognizing the energy and vitality of emerging markets can stimulate more established companies and organizations based in Pdf | ‘Western’ economies that have been subjected to defensive and perhaps negative outlook based on poor economic outlook. In considering all these factors inherent to the implementation of successful mergers and acquisitions, a report ‘Mergers #038; Acquisitions: A Global Research Report’ clearly stated that “As ever, it is the delicate balance between financial drivers and people aspects which underpins success. Neither is sufficient in Letter itself to deliver the Pdf | | benefits” (Kelly, Cook #038; Spitzer 1999, p. 2). Underscoring the importance of both financial expertise and Education, the ability to recognize the validity of the ‘human factor, perhaps encapsulates what this investigation has sourced and evaluated. Perhaps the measure of why shareholders and directors of Best Tree Tree, companies are still pursuing mergers and acquisitions despite a global trend of a significant failure rate, can be attributed to the motivation for businesses to combine forces and resources so as to Education Cover Letter ensure sustainability.

Notwithstanding the Report - 6+ Documents In Pdf many failures, the economic downturn has perhaps highlighted the need to diversify resources into foreign and emerging markets; thereby potentially enabling higher levels of growth. Henry reasoned that a measurement of successful mergers can be enacted by evaluating stock market returns, one year after a merger (Henry 2002). Perhaps investors and shareholders should be able to influence such future business transactions so that an investment viewpoint incorporating ‘return on investment’ should be equally, or more weighted when evaluating such strategies.