Wednesday, February 26, 2020

Arbitration Coursework Example | Topics and Well Written Essays - 2500 words - 1

Arbitration - Coursework Example The advantage of arbitration is that parties can manipulate it to suit their specific requirements. In the present world, majority of lawyers and business people frequently encounter the concept of arbitration. When a dispute first arises, none of the parties may think about resorting to arbitration in the initial stages. However, any one of the disputing parties may propose that instead of the going through the usual legal procedure, the dispute can be resolved by the method of arbitration under the mutual agreement. Again, there are certain cases of dispute, where arbitration clauses are included in the standard agreement. In such cases, the parties involved in the dispute are needed to go through the arbitration process irrespective of whether arbitration can provide a mutually agreeable solution to the case. In the present world, many courts of law are exploring the option of sponsoring an arbitration process themselves. These processes are expected to resolve a number of pending cases and thus reduce the huge burden of the courts.123 The table below shows the different legislation processes that are included under ADR and also classifies them according to their formality. Arbitration is considered to be a more formal form of ADR. 4 The various legislation relating to arbitration give an idea about its international character. ... After The Act came into effect, both England and Wales witnessed an increase in the number of dispute cases settled by arbitration, while London developed into a renowned hub for international arbitration. A report published in 2007-2008 reviewing this Act declared that the legislations under the Act had been prevalent in the regions for more than ten years and were successful in providing out-of-court solutions for a large number of cases. Therefore, the Act was not required to be subjected to any significant alterations. However, the report also stated that there was still significant opportunity for the arbitrators in the country to implement strong and rational practices in the process of arbitration. The English Arbitration Act was actually an instrument which was required to be utilized effectively by the arbitrators while resolving disputes. Till the year 2007, the legislation governing arbitration in England and Wales has remained more or less the same. However, arbitration c ases in Scotland were subject to a separate legislation framework, from that of England and Wales. The Law Reform (Miscellaneous Provision) (Scotland) Act 1990 monitors the application of the UNCITRAL Model Law to commercial arbitration cases in Scotland that fall within the area of international jurisdiction. 7 Therefore, the mandatory legislations enumerated in the English Arbitration Act, 1996 can be applied to the arbitration cases which originate in England, Wales and Northern Ireland. However, the arbitral agreements do not fall under the jurisdiction of the English Law. The fundamental legislations in the Act exhibit that the process of arbitration is not a

Monday, February 10, 2020

3M Company Analysis Research Paper Example | Topics and Well Written Essays - 1500 words

3M Company Analysis - Research Paper Example It is a multinational corporation headquartered in Minnesota, United States. It was founded by five businessmen in the year 1902. The company had an annual sale of $ 29.6 billion in the year 2012. It employs more than 84000 employees all throughout the world. The company produces more than 55000 products which include adhesives, laminates, abrasives, dental products, fire protection, medical products, electronic materials, car care products, electronic circuits, optical films etc. The company operates in 65 countries. Its products are available in approximately 196 countries through retailers and distributors. Many products are also available online and can be purchased directly by ordering on the company’s website. 3M’s Brand and its message to the customers Brand is the term, name, symbol, design or some other feature which helps in the identification of a company’s products or services. Branding is a strategy adopted by the companies for differentiating their products from the competitors through a distinctive symbol. The brand is the most valuable and useful asset of a company. 3M is a new appearance for the Best Global brands in the year 2010 mostly because of a series of vast acquisitions which have provided the company a new and innovative brand identity system (3M, â€Å"3M Makes Interbrand’s List of Best Global Brands 2013†). This new brand identity has helped the company in unifying its diversified business. It has boosted the brand awareness of the company. Defining as well as strengthening of the 3M brand lying within the fragmented market area and increasing portfolio of global acquisitions has been very challenging. The goal of the company from the perspective of strengthening its position and brand in the market lies in two steps (3M, â€Å"Reinvigorating the Brand, Driving Growth†). The first step is by making the company an industry leader and the second step is by communicating to the customers about t he company’s ability to become end to end security provider. The brand identity system of the company have been enhanced recently for delivering the brand essence in more appropriate manner and positioning the brand and its value propositions throughout the world (3M, â€Å"Brand Identity in Action†). This new brand identity strategy has helped the company in differentiating 3M from its competitors and communicating a consistent and strong message to the key audiences. Logo and slogan Logo and slogan are the key elements of the brand positioning strategy. An effective brand positioning strategy always includes a visual identity i.e. logo and a tagline or a positioning statement i.e. the slogan. 3M’s logo is unique and communicates an appealing identity to the targeted audiences. The 3M Red Logo of the company is vertically as well as horizontally centred and covers almost 1/3rd of the total width of the screen. The background of the logo is white for enabling ma ximum readability (â€Å"3M Logo Animation and Soundmark†). The company has launched an animated video of the company’s logo where a sound mark is also available so that it can be used in pertinent applications (for example- online spots, television spots, videos etc.). 3M’s slogan is a short and impressive catch phrase, motto or tagline which has helped in identifying its products in advertisements. The business slogan which is most associated with the company is ‘Innovation’. The mission statement of the company is to be committed in active contribution to a