Analysis of Green Mountain Coffee Roasters Essay Example for Free

Analysis of Green Mountain Coffee Roasters Essay Introduction Green Mountain Coffee Roasters (GMCR), a leader in specialty coffee and coffee makers, was founded in 1981 by Bob Stiller (Green Mountain Coffee Roasters [GMCR], n. d.). From a small cafà © to a company listed on NASDAQ and then to a company with more than $2.6 billion net sales revenue by Sep 24 2011 (GMCR, 2011), GMCR enjoyed great financial successes. Besides, it has been recognized consistently as a socially responsible company. Key Factors in GRMC’s Success After studying GMCR case, several key points are identified which together contribute to the success of GMCR as both corporation and corporate citizen. First, GMCR convenes members from all parts of its system for important company activities. In many companies, most of the staff in the lowest level of organizational structure are excluded from company activities. But representatives from GMCR’s whole system get together in its annual summit meetings (Mary 2008). The get together is useful in helping its participants better understand their importance within the organization and realize they can do more to better serve the system. People from all parts of GMCR also go to training programs (Mary 2008). These programs are a platform for staff to learn necessary knowledge with which they can better serve the customers. Including members from all parts of the system gives them a sense of personal involvement which encourages them to align their own interest with that of company. When employees feel that they are truly part of the organization, they tend to internalize the needs of the company rather than just treat their jobs as externally imposed obligations. They may also find their job meaningful and pleasant, have a stronger feeling of belonging and eventually are likely to work harder and exhibit increased labor productivity. In a nutshell, Bob Stiller makes all members truly participate in his venture and sparkles their potentials to better serve GMCR. Bob Stiller also take employees from different parts of the company to coffee farms(Mary 2008). Therefore employees can have personal experience about coffee farming which may increase their awareness and attention. For example, roasters may learn that lots of hard working is needed to harvest organic coffee bean and hence may pay more attention when roasting coffee bean which cause less waste of bean. Second, GMCR’s decision making process is based on the interest of all stakeholders rather than the company itself. For example, GMCR works to add social value by engaging in education programs for the children from farming families and communities (Mary 2008). Assisting these children builds stronger relations between GMCR and its farming families. GMCR also provides interest free financial resources to the farmers (Mary 2008), which eventually results in smooth supply of high quality bean. By taking all members’ interest into account, Bob Stiller builds a strong, desirable and sustainable network with all members within the system, which in turn supports the growth of GMCR. Third, GMCR has committed to organic coffee and creates social value by offering a much healthier lifestyle. Besides, GMCR’s success sets an example for other companies want to join organic market. GMCR improves environment by protecting coffee farm from the bad impact of chemicals and assuring the future generations a viable farm (Mary 2008). It is difficult for farm owners to keep coffee trees alive as long as possible (Mary 2008) and the support from GMCR makes it possible. Therefore farmers are able to make a living out of coffee beans, and more importantly, they have a higher satisfaction because they can preserve and pass the farm to their future generations(Mary 2008). GMCR’s partnership with its farmers not only guarantees a smooth bean supply but also increases farmers’ spiritual wealth and again strengthens their relations. For trade-off problems, Bob Stiller always adhere to â€Å"future thinking† (Collins Porras, 2002), making decisions based on long term benefits for the whole interconnected system rather than GMCR itself. Besides, Bob Stiller has committed to creating wealth which not only incorporates financial value but anything brings value to the whole system and the whole society. References Collins, J., and Porras, J. I. (2002). Built to Last: Successful Habits of Visionary Companies. New York: Harper Business Essentials. Green Mountain Coffee Roasters. (n. d.). Corporate review. Available at http://www.gmcr.com/about-GMCR.html, accessed August 24, 2012. Green Mountain Coffee Roasters. (2011). Consolidated Statements of Operations. Green Mountain Coffee Roasters Inc. Form 10-K. Available at

White Oleander Essay examples -- essays research papers

White Oleander, a dramatic fiction by Janet Fitch, was published by Little, Brown and Company in Boston. The story is about a mother and daughter, Ingred and Astrid have a very unusual relationship. Ingred loves her daughter but never asks her what she thinks so therefore doesn't know her daughter too well. Such as she does not know of her daughter's yearning for a father. Ingred makes it very clear that she will not allow herself to get close to a man. She is a very brilliant, beautiful poet, who is adored by a man named Barry Kolker. He goes to all of her readings, and asks her out each time. One of the times Barry invites her to go to the Gamelan, an orchestra. Loving the Gamelan, she accepts. Her and Astrid join Barry, and they begin talking more. They start going out more, but each time she makes and stands by regulations, such as he will invite her to eat after an event where they had not planned on eating and she will refuse, because she doesn't like to get attached to men, and doesn't want to spend anymore time than she had already allotted. All of a sudden, her rules start diminishing. One time, there was a knock at her door, and it was Barry. She thought to herself, 'how dare he just come without an invitation?'. When she opened the door (a knife in her hand), he had a bottle of wine, and bag of something that smelled good. To Astrid's surprise she did something least expected. She invited him in. One night Barry said he would be over to her house at 9 and nev...

Reaction of Natives to the Japanese Occupation of Sea

The Japanese occupation of Vietnam, Indonesia and Malaya impacted and hence triggered a response in Vietnam, Indonesia and Malaya in the form of various nationalist groups. Some groups were formed and sponsored by the Japanese, yet others were formed to oppose the harshness of Japanese rule. Economic: The economic drain on the colonies in South East Asia resulted in the opposition of the natives towards the Japanese. In Malaya, the devastation and collapse of the economy caused a nightmare for the people of Malaya. However, many nationalist groups were formed within racial groups. The Chinese formed the Malayan Peoples’ Anti-Japanese Army (MPAJA). However they were not able to unite the society because membership was limited to Chinese only and they practiced excessive revenge against collaborators, causing the Chinese community to regard them with fear and wariness and the other racial communities could not join, hence fragmenting the effort. The Japanese sponsored the formation of the Indian National Army (INA) led by Chandra Bose, however the independence struggle lacked unity and ultimately failed. They also sponsored the formation of the Union of the Peninsular Indonesia (KRIS), however there was not much support from both the ethnic Malays and Japanese and also failed in the end. In Vietnam, the rampant inflation and the scarcity of basic necessities caused the nationalism in Vietnam to flourish. When the famine in Tonkin broke out in 1944, the Viet Minh took over granaries belonging to the Japanese and rich landlords and distributed the rice to the peasants. This contributed to the rise of the Viet Minh as they were viewed as heroes. Hence, in both cases, the harsh conditions caused by the Japanese occupation led to the rise of nationalist groups in Malaya and Vietnam. Social: The Japanese Occupation changed the society of Vietnam and Indonesia. It gave the people of Vietnam an obvious nationalist cause, to expel both the Japanese and the French. This allowed to Viet Minh, who promoted the struggle for independence, to flourish. The negative effects of Japanese policies roused the nationalist feelings of the people, making them more united in their fight for independence. In Dutch East Indies, the Japanese pursued active policies which affected the development of nationalist groups. The Muslim teachers were given better treatment and respect in contrast to the Dutch who generally ignored them. The Japanese also sponsored the formation of the Consultative Council of Indonesian Muslims, also known as Masjuni, for the Muslims as a channel to voice their views directly to the top Japanese administration. They also imposed a uniform legal and education system, making Indonesian society more united and hence making it easier to cultivate nationalist feelings. The social changes caused by the Japanese to these two South-East Asian countries contributed to the rise of nationalism, which in turn served as the backbone of the natives’ struggle for independence after the Japanese occupation. Political: The political changes in Indonesia and Vietnam aided the rise of nationalism in these two countries. In Indonesia, the Japanese released several notable pre-war leaders from prison, allowing the released leaders to lead the nationalists. They also promoted the formation of the Pemuda Movement, which together with PETA helped to mobilize many youths and exposed them to nationalist ideas. Hizbullah, an organization for youth who opposed colonialism, was also formed. Furthermore, Soekarno, one of the released leaders, gave numerous nationalist speeches to active youths. These youths formed a significant base for the nationalist opposition to the re-imposition of Dutch colonial rule. In Vietnam, the rise of nationalism led by the Viet Minh and Ho Chi Minh, is seen when the harsh conditions caused by the Japanese resulted in the solidification of the struggle by the Vietnamese for independence from the French and Vietnamese. Furthermore, the Japanese also actively strengthened religious groups like the Cao Dai and Hoa Hao to counter the influence of the communists and nationalists. However, these groups would later become major nationalists groups after the Japanese Occupation. The Japanese directly caused the rise of nationalism in these two South-East Asian countries due to the effects of their policies, effectively aiding the nationalists in their struggle for independence from not only the Japanese but also their former colonial masters at the end of the war. In conclusion, the groups that mushroomed as a result of the Japanese occupation served as the main backbone of anti-colonial struggles for independence both during and after the Japanese occupation. Though the rule of the Japanese varied in different countries in the region, the end result was the same in all, nationalist groups ready to lead the struggle for independence with or without Japanese support. The reaction of the people in response to the Japanese forever changed the history of South-East Asia.

Women Should NOT Have Equality Essay - 1026 Words

Men are men. Women are women. We have different strengths and weaknesses that we contribute to our society. For centuries, men have done most of the hunting and gathering, while women are the caretakers and watch over the family. The roles that women play are different than the roles that men play. So why the push for equality between the two? We will never be the same in physical or mental strength. Men and women will always be different people and different genders. Women should not have same and equal rights to men because of the differences in physical strength, knowledge, and in authority. The U.S. military is one of the strongest powers in the world. It was built on the strength, determination, and toughness of its†¦show more content†¦Ryan Smith, a former U.S. soldier, describes in an article about his traumatic life during the war in Iran which included lack of hygiene, blood, sweat, sores, and even being forced to strip down naked. He later goes on to say, â€Å"†¦it would be painful to witness a member of the opposite sex in such an uncomfortable and awkward position† (Smith). Being in such awful conditions is hard for anyone, but sharing these experiences with the opposite gender is even more embarrassing. Allowing women to fight on the front-lines of combat prevents nations from winning wars due to the lack of physical strength and stamina they possess. In politics and some religions, few women have ever held high ranking positions. When it comes to politics, many feminist supporters believe that the only explanation for this controversy is due to â€Å"†¦gender bias still lingering† (â€Å"Women in U.S. Politics). Recently, women have been able to prove themselves in politics and have upheld top positions such as governors and senators. Senator Hillary Clinton made history, becoming the first woman to win a U.S. presidential primary with her victory in New Hampshire (â€Å"Women in U.S. Politics). Gender discrimination is obviously not the problem. †The real reason for the shortage of women in politics is that many womenShow MoreRelatedAnalysis Of Nathaniel Hawthorne s T ,Ä? He Scarlet Letter ,Ä?1410 Words   |  6 Pagesall consuming, and even blinding to other aspects of life. People who are deeply in love can often be lead to prioritize their love above all else; they would do anything and everything to protect their love. Such is the case in Nathaniel Hawthorne s T​he Scarlet Letter​with Hester Prynne and Reverend Dimmesdale. Hester is an extremely strong woman who has co mmitted what is considered to be one of the worst sins in Puritan society: adultery. However, public knowledge of her sin only further accentuatesRead MoreThe Revolution Was A Huge Period Of Change From 1775-17831366 Words   |  6 Pagesreevolution didn t change anything. America would not be the America it is today if the revolution didn’t change the style of government. America would be a country ran by a king if it weren t for revolutionary change of government. On the other hand, the revolution did absolutely nothing for slaves and blacks. The laws that were set in the 1780’s against slavery were way too lenient and that allowed no change to occur. It is evident that the revolution was revolutionary and it wasn t at the same timeRead MoreWomen s Rights On The Grounds2974 Words   |  12 Pagesmeaning might surprise you as much as it did me; â€Å"The advoc acy of women s rights on the grounds of political, social, and economic equality to men. † This definition did not sound so crazy to me at all; it actually seemed reasonable. The equal ity of women in society is something most think has been established. However, there are plenty of obstacles we, as women, and as minority groups, have yet to face to achieve tru e equality in every aspect of our lives. Although the word feminism has aRead MoreEquations1135 Words   |  5 Pages2.1 No. By assumption, the belief has no observable consequences, and therefore no observable data can affect the belief. Yes. Because dancing anglers and bait shop floors have measurable spatial extents, data from observed anglers and floors can influence the belief. 2.2 Model A: p(x=1) = 1/4, p(x=2) = 1/4, p(x=3) = 1/4, p(x=4) = 1/4. This model is unbiased, in that every value has the same probability. Model B: p(x=1) = 1/10, p(x=2) = 2/10, p(x=3) = 3/10, p(x=4) = 4/10. This modelRead MoreDiscrimination3927 Words   |  16 Pagestreatment irrespective of their caste , gender, wealth etc. Democracy recognizes the equal worth of all citizens and has laws that help prevent discrimination in all spheres of life. Each person has a righto live with dignity and honour , this concept of equality is found in human rights. Discrimination can deprive the person of opportunities to progress in life, for example unfair payment for work has several consequences like having a smaller apartment, leading to dissatisfaction with one’s life when heRead MoreResearch Skills Assignment6271 Words   |  26 Pages Appendix 2: Questionnaire 16 Appendix 3: Sample characteristics 20 Appendix 4: Normality and Homogeneity 24 Appendix 5: Cronbach’s Alpha analysis 25 Appendix 6: Bivariate correlation matrix of constructs 25 Appendix 7: Independent sample t-test 28 Appendix 8: Univariate analysis 29 Appendix 9: ANOVA Controlled for feeling Dutch 31 Appendix 10: ANOVA Controlled for gender 31 1. Problem analysis 1.1 Current situation In the coming years, further consolidation and economies ofRead MoreChristian Beliefs on Discrimination and Prejudice Essay1220 Words   |  5 Pagesare wrong. Both the Roman Catholic Church and the Church of England have similar views on racism but slightly differing views on sexism and women in the church. Text Box: Racism /Â’reÄ ±sÄ ±(Éâ„ ¢)m/ n. 1 a belief that race is the primary determinant of human traits and capacities. And that racial difference produces an inherent superiority of a particular race. 2 racial prejudices or discrimination. à ¢Ã¢â‚¬â€œÃ‚ ¡Ãƒ ¢Ã¢â‚¬â€œÃ‚ ¡racist n. adj.The definition of racism is ___This part means that raceRead MoreAustralians Belief in Equal Employment Opportunity2601 Words   |  10 PagesPromoting Equality of Opportunity in todays Australia It is a social norm for Australians to believe in equality of opportunity. Moreover, numerous of them strongly believe that it is being recognized in practice that Australians life prospects are less reliant on their birth environment and less hindered by inflexible class makeup, or lack of social networks, than are the life prospects of numerous people in other comparable nations. Equal Opportunity, occasionally calledà ¸ ¢ equality of opportunityRead MoreLeveraging Human Potential : Gm 500 : Management Theories And Practices1288 Words   |  6 Pagescorporations and initiatives employers should take in order to appreciate the diversity and leverage the human capital. I intend to learn that diversity is beyond employees being different, but extends to gender, education background, ethic, and social status. In ?True to Myself? (Daft,2014) this case study address diversity in the area of gender. I learned that racism, nor harassment is not always men to women, but it can be woman to woman. As a future, business woman I have to be mindful that diversity inRead MoreTraditional African Family19679 Words   |  79 PagesHARALAMBOS and HOLBORN Sociology LESSON PLANS BY LESLEY CLARK Sociology teachers and students have relied on Sociology Themes and Perspectives for over twenty years. The coverage of theories and research in each subsequent edition has been unrivalled for accuracy and detail. These lesson plans aim to provide guidance on using the sixth edition of Sociology Themes and Perspectives in a teaching context by offering practical classroom support for teachers. Three lesson plans are provided for each

Quotes on Funny Thoughts to Make You Smile

Have you ever had a funny thought pop into your brain? Maybe you put a couple of things together and realized it told a truth in a quirky way. Our brains often have a natural comedian deep inside and you might even make yourself laugh. Then when you stop and think about thinking, things start getting a little weird. Famous thinkers and witty people might seem to have more funny thoughts, but we have the benefit of only seeing their really good material. You might be inspired by a humorous remark, or hearing about an incident that causes you to giggle. Share your funny thoughts with others and see how you create a riot of laughter around you. If you need some help, read these funny thoughts of well-known people. Will Rogers Everything is funny, as long as its happening to somebody else.   Robert  Frost The brain a wonderful organ.  It starts working the moment you get up in the morning and does not stop until you get into the office. Charles Schulz Sometimes I lie awake at night, and I ask, Where have I gone wrong? Then a voice says to me, This is going to take more than one night. Friedrich Nietzsche All things are subject to interpretation whichever interpretation prevails at a given time is a function of power and not  truth. Miguel de Cervantes Sanity may be madness but the maddest of all is to see life as it is and not as it should be. Norm Papernick Those who can laugh without cause have either found the true meaning of happiness or have gone stark raving mad. Ethel Barrymore You grow up the day you have your first real laugh — at yourself.   Reba McEntire To succeed in life, you need three things: a wishbone, a backbone, and a funnybone.   Isaac Asimov People who think they know everything are a great annoyance to those of us who do. Abraham Lincoln No man has a good enough memory to be a successful liar. Oscar Wilde The public is wonderfully tolerant. It forgives everything except genius. The public have an insatiable curiosity to know everything, except what is worth knowing.   Victor Borge Santa Claus has the right idea - visit people only once a year. Edward Gibbon Beauty is an outward gift which is seldom despised, except by those to whom it has been refused. Quentin Crisp The trouble with children is that theyre not returnable. George Bernard Shaw Love is a gross exaggeration of the difference between one person and everybody else. Joe Namath Until I was thirteen, I thought my name was shut up. Mark Twain While the rest of the species is descended from apes, redheads are descended from cats. Ogden Nash Middle age is when youve met so many people that every new person you meet reminds you of someone else. The Cable Guy You know what the trouble about real life is? Theres no danger music.

Culture and Cultural Adaptation Essay - 913 Words

To what extent are you convinced by Tange’s (2005) position regarding cultural adaptation? Introduction It is widely known that in the period of globalization more and more people face the issue of intercultural communication. Communication for two people from different cultures is very challenging to some extent. The notion of culture is very sophisticated. In addition, many studies have been conducted which indicate that every person to some degree experiences ‘culture shock’. Culture shock itself depends on several factors, namely the distance between cultures, type of personality and previous experiences in intercultural communication. This essay considers the work of Danish teacher of intercultural communication Hanne Tange (Tange†¦show more content†¦Finally, Tange pointed out that companies could benefit more by stationing employees in a foreign country at least for two or three years. Evaluation Several studies exist which provide some model of acculturation (Lysgaard 1955; Hofstede 2001). To the large extent the presented models of cultural adaptation are similar. Tange’s study is no exception. The difference between them could be primarily the chosen methodology. In order to obtain a relatively comprehensive knowledge of cultural adaptation, the approach which combines qualitative method with quantitative should be taken. One obvious weakness of Tange’s is the methodology taken. Her argument relies too heavily on qualitative analysis of data. Moreover, only seven individuals in comparison Lysgaard’s more than 200 interviewees cannot represent the majority people, that is it is not convincible. Therefore, by means of raising the number of interviewees this work could be more reliable. Another limitation of her study as she acknowledges, is an absence of any recording of her discourses. First of all, there is every likelihood that Tange could intentionally or not omit important parties of the conversation and it resulted in the misrepresented overall picture. In addition, without some relevant quotations of her interviewees, it is difficult to perceive exact meaning. Moreover, she did not provide information concerningShow MoreRelatedCulture Shock And Cultural Adaptation1402 Words   |  6 PagesCulture shock is generally describes the uneasiness, stress as well as anxiety an individual feels when they encounter an unfamiliar cultural background, as a result of loosing familiar cues along with meanings associated with behavior and communication. Culture shock is thus an experience that happens to a person in every sphere of life when they face different lifestyles and world perceptions whether with regards to education, health or jobs among others. While residents or natives may take forRead MoreThe U Curve Model Of Adaptation1623 Words   |  7 Pagesof adapting cultural values among Africans migrants in China. The results of the analysis points out the process of adaptation followed by the influencing factors of adaptation and finally the challenges faced in the process of adaptation. By using the U-curve model of adaptation, which explained the four stages of adaptation (honeymoon, crisis, recovery, and adjustment), the study is based on the assumption that Africans migrants follow the same process and/or stages of adaptation. The U-curveRead MoreForeign Students And Other Socio Cultural Contexts Essay1363 Words   |  6 PagesAt present there is a growing volume of students who migrate from one Culture to another, which represents a phenomenon that requires understanding the process Of adaptation or acculturation to the different socio-cultural contexts. I will begin by defining the term foreign students, it refers to Individuals who reside voluntarily and temporarily in a country that is not their own in order to participate in the international educational exchange, intending to Return to their country of originRead MoreCultural Adaptation And Change : A New World1020 Words   |  5 Pagesto adapt to their new world, cultures also need to adapt and change to things that are new in a society. This paper will argue the importance for cultures to adapt to changes as well as comparing two authorities on adaptation and change. Cultural Adaption and Change Cultural adaptation and change happens when you are introduced into a new culture therefore needing or having to adapt to the new environment. Another way is when new technology, medicine or other culture is introduced and the majorityRead MoreEssay about Understanding Culture820 Words   |  4 PagesCulture, is defined by Merriam-Websters Online Dictionary, as the integrated pattern of human knowledge, belief, and behavior that depends upon mans capacity for learning and transmitting knowledge to succeeding generations. People learn about culture through interaction rather than through the memorization of a text. To become fluent in any one culture you have to experience it and become involved. There are many ways that a culture can be shared among people without them being fluent in itRead MoreA Research Article Written By Richard Hartshorne And Jennifer Baucom1188 Words   |  5 PagesHartshorne and Jennifer Baucom (2007), entitled, â€Å"Issues Affecting Cross-Cultural Adap tation of International Graduate Students Richard,† published at the Multicultural Learning and Teaching Journal, the issues or challenges that international graduate students related to cross-cultural adaption were investigated. The main idea of the study was that international students need to cope and adjust themselves to a new culture in order to make their learning experiences more meaningful, and in orderRead MoreTranscultural Psychiatry : How Culture Influences Presentations Of Mental Disorders1660 Words   |  7 PagesTranscultural psychiatry studies how culture influences presentations of mental disorders and response to treatment. The understanding of concepts in transcultural psychiatry is crucial for psychiatrists in training in the UK, given the multicultural and multi-ethnic nature of UK society. One of the pioneers of transcultural psychiatry, or â€Å"comparative psychiatry† as it used to be called, was Emil Kraepelin. In 1904, he travelled to Southeast Asia to study the local population and developed hisRead MoreThe Understanding Of An Individual Culture Background1370 Words   |  6 Pages We know that culture intelligence is related to cross-culture competence. The understanding of an individual culture background. My key objective is that people fail to adjust to understand new cultures, behavioral, cognitive, and motivational aspect of other cultures. Before anyone goes to a foreign country for a new job, living or visiting, we should educate ourselves before taking that journey. We know going to another country can be scary, but we can learn new things from them and they can learnRead MoreCultural Shock Essay1234 Words   |  5 PagesCultural shock is the reaction to cultural differences after moving to a foreign country. It can be triggered by differences in food, social customs, and language. The four phases of cultural shock are the honeymoon, rejection, regression, and adjustment phases (Levine). The honeymoon phase is characterized by an excitement for new surroundings. During the rejection phase, frustration replaces the excitement; inconvenient cultural differences become more noticeable, and adjustment is difficult. TheRead MoreThe Understanding Of An Individual Culture Background1334 Words   |  6 Pages We know that culture intelligence is related to cross-culture competence. The understanding of an individual culture background. My key objective is that people fail to adjust to understand new cultures, behavioral, cognitive, and motivational aspect of other cultures. Before anyone goes to a foreign country for a new job, living or visiting, we should educate ourselves before taking that journey. We know going to another country can be scary, but we can learn new things from them and they can learn

Electric Light and Power Supply Corporation Limited

Question: Discuss about the Electric Light and Power Supply Corporation Limited. Answer: Introduction The legal notion and definition of a company has undergo tremendous change with time as modifications have been made to both legislative and judicial definition of a company. In the judicial interpretation of a company and the following statutes, one case that manages to stand out is the Saloman v Saloman Co Ltd 1897 AC 22 (hl). This case can be considered as the founder of the modern company law as it established one of the central tenets which resolve about the limited liability of the company which is essentially a separate legal entity different from the underlying owners. Before reflecting on the key principles identified in the Solomon case, it is worthwhile to revisit some relevant facts of this historic case (Forji, 2007). Aron Solomon operated his merchant business under the sole proprietor business structure and dealt with leather boots manufacturing. Since, his son took keen interest in the business, he changed the business structure to a limited company which was named Salomon Co. Ltd. At the time, a limited company required atleast seven members or shareholders. As a result, Solomon formed a company with a total of 20,007 shares out of which 20,001 were owned by Solomon and the remaining six shareholders (i.e. his spouse and children) held one share each. The business was sold for a consideration of 39,000 which included a debt payable to Solomon to the tune of 10,000. Thus, this represented an interesting situation where the main shareholder also was acting as the primary creditor.The liquidators later argued that the underlying debentures issued to secure the debt were not valid and hence Solomon was accused of committing a fraud (Cassidy, 2007). The matter landed in court with the court ruling that company creation was to facilitate business transfer only and hence it is an agent for the principal (Solomon), thus holding him liable to pay the outstanding debt of unsecured creditors. The Court of Appeal (CoA) also endorsed the stance taken by the court advocating that company structure was only a means to ensure business activities could be conducted while ensuring protection under limited liability clause available under a company(Harris, 2014).. But the decision taken by the CoA was quashed by the House of Lords which reflected on the literal interpretation of 1862 Companies Act and opined that the act does not have any condition for the minority shareholders and the majority shareholders to be independent of each other(Harris, 2015). Further, it was also opined that judges should not reflect upon the statute limitations and instead implement the same in their existing form. Thus, this verdict in the Solomon case clearly es tablished that the corresponding rights and obligations for members in respect of shares is limited to only the profit share and investment of capital respectively (Parker et. al., 2012). Doctrine Of Seperate Legal Entity It is apparent from the above case verdict that one central tenet that this case developed was that the company needs to be considered as a separate legal which is distinguished from the owners or shareholders and thus particular rule has stood the test of time and in relation to the Anglo-Saxon courts continues till the present day. Since the company is an independent entity, hence for the various actions and decision, only it would be held responsible and not the corresponding agents. This has been highlighted in the Gas Lighting Improvement Co Ltd v Inland Revenue Commissioners [1923] AC 723where Lord Sumner delivered the following commentary (Baxt, Fletcher Friedman, 2008). Between the investor, who participates as a shareholder, and the undertaking carried on, the law interposes another person, real though artificial, the company itself, and the business carried on is the business of that company, and the capital employed is its capital and not in either case the business or the capital of the shareholders. Assuming, of course, that the company is duly formed and is not a shamthe idea that it is mere machinery for affecting the purposes of the shareholders is a laymans fallacy. It is a figure of speech, which cannot alter the legal aspect of the facts. A case in the Australian context which reaffirms the above principle is the MacLaine Watson Co Ltd v Department of Trade and Industry [1989] 3 All ER 523 case in which it was opined that a key aspect which has contributed to the creation of logical symmetry in industrial feudalism is that the various industrial enterprises need to be treated as legal entities akin to individuals. This principle has immense support both from the legislators but also from the judges in various nations that follow the Anglo-Saxon system (Australia being one of them). Consequently, this principle has been explicitly outlined in Corporations Act 2001 in the Section 124 and thus providing it statutory backing. Further, even since the Solomon case, this particular doctrine has received quite an immense support from the judges based on Australian and UK who tend to apply this quite widely (Cassidy, 2013). Another doctrine established by this case is that the liabilities of shareholders in accordance with common law is limited to the only the capital investment made initially and thus these must not be held liable for any debts outstanding or defaulted by the company. This principle has been endorsed in the The King v Portus; ex parte Federated Clerks Union of Australia [1949] HCA 53; 79 CLR 428case where the judge opined that the as the company and the owners are two different entities and hence the obligations arising from the actions taken on the name of the company would have to be directly borne by the company only and not be the shareholders or employees (Li and Riley, 2009). Theoretical Basis Seperate Legal Entity Considering the wide application and popularity of the personification of the company, it makes sense to critically analyze the theoretical and practical basis for the same which hints at the underlying usefulness of this concept. The various theories dealing with corporate entity tend to extend the need that companies must be given artificial personality for practical reasons. The concession theorists opine that the state has given a privilege in the form of corporate personality which tends to enhance the overall convenience in business and legal terms (Pathinayake. 2014). The contractarian viewpoint in this regard debates that there is a reduction in transaction costs brought about by the corporation law as the underlying corporate charter tends to provide for all those rights which a reasonable shareholder would insist on. This understanding forms the very basis of corporate law and is endorsed by various aggregate theorists, Together these theorists are extremely appreciative of the critical part that the Salomon principle plays in identification of corporation as a legal entity and thus providing it with the power to enter into contractual relationship with the outsiders for the performance of business activities (Forji, 2007). Practical Basis Seperate Legal Entity The utility of the Solomon principle is not limited to the theoretical underpinnings but is equally endorsed by the practitioners of the corporate law. It is imperative that providing the company a legal entity and distinguishing the same from the shareholders serves a crucial function of ensuring the business is not constructed around human beings(Cirto Symes, 2013). The main reason for this that the duration of the human being typically is limited and short unlike that of the organizations which are potentially set up to survive till eternity and thus are permanent in nature. In line with s. 124, a company is essentially an artificial person and thus the underlying form is metaphysical and not physical (Parker et. al., 2012). Further, law has also permitted the company to perform various functions that an individual could have performed such as entering into contracts, taking loans and being responsible to the various parties for the conduct. The only difference is that while an i ndividual can perform the above functions on his/her own while the same is not feasible for a company which takes and enacts decisions through the agents which refer to the management and employees (Lipton, 2015). The various powers of the company along with the relevant cases are as listed below (Forji, 2007). Power to sue a particular party and to be sued by other (Foss v Harbottle (1843) 67 ER 189) Continuous and perpetual succession for the corporation (Regal (Hastings) Ltd v Gulliver [1942] UKHL 1) Power to execute contracts with various parties (Macaura v Northern Assurance Co Ltd. [1925] AC 619) Additionally, limited liability upheld through Solomon principle ensures the minimization of costs associated with control and ownership separation. This is because under the limited liability of shareholders and stakeholders, there is a reduced need to monitor the various shareholders along with the management. Also, the transfer of shares in the entity facilitated by limited liability tends to act as an potent management incentive for improving upon their performance. Further, through the aegis of limited liability, shares become tradable and marketable which owing to increased trading and corresponding market transactions leads to better information sharing about the financial performance and corporate decision making. Besides, diversification of share holdings is also made possible through limited liability (Lipton, 2015). Criticism Exceptions Seperate Legal Entity While the above discussion highlights the utility of the Solomon principles in reality, however, the verdict also has faced criticism from various quarters. In wake of these concerns, it is imperative that the Solomon principle need not be applied rigidly but with enough flexibility so as not to shield the parties with wrong intentions. If the legal personification of company is applied without taking into consideration the case facts and the underlying intent of the shareholders, it is quite possible that the demerits of this clause may outweigh the various merits identified above. As a result, in limited circumstances the courts tend to keep aside the immunity offered by limited liability and tend to pierce the corporate veil so as to fix the accountability of the actions taken in the name of the company by the relevant shareholders or management personnel (Baxt, Fletcher Fridman, 2008). There are various circumstances in which the Solomon principle may be overlooked. One of these is fraud which takes place in cases when the shareholders take to company formation only as a means to bypass the legal or fiduciary obligations which it already owed to the various parties particularly creditors (Cassidy, 2013). A relevant case in this regard is the Re Edelsten ex parte Donnelly (1998) 18 FCR 434case whereby the court had to decide if corporation formation was prompted with the sole motive of denying payments to the creditors taking the shield of limited liability. The general accepted principle is that higher conspicuousness associated with the sham tends to increase the possibility of the court ruling that there has been fraud. The honorable judge opined the following in this case (Forji, 2007). The argument of fraud is, of course circular. It can only succeed if the argument ofsham succeeds, because if no property was acquired by, or devolved upon, Edelsten, no duty capable of being evaded could arise under the ActThe submission that the VIP Group had been used to perpetrate a fraud was coincident, and stood, or fell, with the submissions which sought to have the transactions, by which the VIP Group acquired property, treated as shams. For separate legal entity principle to be upheld, it is essential that the entity formed as a company should not be a mere agent for the shareholders acting in the capacity of the principal. In such cases, it is quite possible that the corporate veil may be pierced by the court in order to determine the true centre of control. This was the case in Barrow v CSR Ltd in which the court realized that the subsidiary firm was under the complete and direct control of the parent firm and hence lifted the corporate veil. The court argument is summarized below (Forji, 2007). Now, whether one defines all of the above in terms of agency, and in my view it is, or control, or whether one says that there was a proximity between CSR and the employees of ABA, or whether one talks in terms of lifting the corporate veil, the effect is, in my respectful submission, the same. However, there is reluctance on the part of the courts to apply the same in case of small companies as is apparent from the verdict of the Ampol Petroleum Pty Ltd v Findlay case. Besides, where a judicial question is involved to ascertain whether any agency relationship was present or not, the court tend to be a little reluctant in piercing the veil as is apparent from The Electric Light and Power Supply Corporation Limited v Cormack (1911) 11 NSWSR 350 case ( Pathinayake, 2014). Another ground on which the corporate veil may be lifted is with regard to cases where the court is of the opinion the veil lifting would help in bringing about a more fair and just decision as highlighted in the RMS Glazing Pty Ltd v The Proprietors of Strata Plan No 14442 case. Further, veil lifting is also done in cases of group enterprises where it may not be possible to distinguish between the parent firm and the subsidiary as highlighted in the Bluecorp Pty Ltd v ANZ Executors and Trustee Co Ltd (supra) (1995) 18 ACSR 566 case (Lipton, 2015). Conclusion Thus, it may be concluded from the above discussion that the principles laid down in the Solomon case laid the foundation of modern company law and continue to have immense utility even after more than a century has passed away. However, owing the fraudulent use of this principle in order to minimize their liability or to put disproportionate risk burden on the end of the creditors and lenders, it is essential that courts need to maintain a delicate equilibrium so that the shareholders do not indulge in frivolous use of the protection provided. In this regard, it would not be prudent to include this into any statute but rather let the courts decide on the basis of the individual merits of the case. 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