Adolf Hitler and The Holocaust Why Do We Study the...

The Holocaust was a tragic piece of the worlds history. It happened from 1933 to 1945, and it was a mass killing and discrimination against people of certain races. They started with the Nuremberg Laws when Hitler became the most powerful. Hitler was a strange man who blamed Jews for the fall of Germany. There are several reasons as to why we study the Holocaust, the most important is so we never face something like this again. Adolf Hitler was born in Austria but later on became a German solider. He went to Germany after both his parents died, and after he was rejected from an art college. During WWI Hitler was injured twice. While he was in the hospital recovering, he found out that Germany lost the war, and he became furious. Once he†¦show more content†¦Jews couldnt leave, they lost all rights and had no where to go. Germany expanded and they lost rights. Over this 12 year period, we lost 11 million undisirables, and tons of allied soilders. World War II was a huge turning point for us. Once Japaneese soilders bombed and attacked us at Pearl Harbor, we jumped into the war. Before hand, we were trying to stay out of this ugly war. We even stopped send Japan materials, and they saw it as a threat. They thought they were being an unequal part in the Tripartite pact. The Tripartite Pact was a deal between Japan, Italy, and Germany, stating they would work together to rule the world. Two of the allied powers were fighting, Russia and Great Britan, while we tried to stay ou of this. Once we joined the war, the hammer swwung the other way. we were so strong and fresh that Germany couldnt take it. They were weaker and tierd. Once we came in, we slowly took over. On September 8th 1943, Italy capitulated. Once America joined the war, the Final Solution was put into action, Germany tried to get rid of everything. WWII was a horrible and long battle that we will never forget. Anne Frank personally went through the Holocaust. She didnt make it all way though. She died two weeks before her camp was liberated. The only person Anne talked about that survived was her Dad.Show MoreRelatedHow Hitler Started World War II627 Words   |  3 PagesAlthough Hitler’s motives were more clear towards the end of World War II, Adolf did tackle the unemployment and stimulate Germany’s failing economy. Once Hitler became Chancellor of Germany on January 30th, 1933 The economic policy for Hitler’s regime involved large scale borrowing for public expenditures which created railroads, canals, and the Autobahnen or the German highway network. The result of Hitler’s economic policy was more effective against unemployment than any other country. By lateRead MoreWhy Do We Study the Holocaust? Essay685 Words   |  3 Pagesof reasons to study the Holocaust. Not only does it benefit the students by opening their eyes to the atrocities committed by the N azi Party in the 1930s and 1940s, but it also benefits the many people who dont know about the Holocaust and havent learned enough to understand the terror faced by the undesirables and how far we, as the human race, must go to ensure that this does not happen again. First, however, we must learn how it all took place. As a young child, Adolf Hitler was treated poorlyRead MoreWhy Is The Killing Of A Million A Lesser Crime?1440 Words   |  6 PagesGenocide Essay â€Å"Why is the killing of a million a lesser crime than the killing of an individual?† -Raphael Lemkin referring to genocides. Genocides are organized exterminations committed with intent to destroy a whole group based on religion, ethnicity, and race. The Holocaust, the Armenian genocide, Darfur, and the Rwanda genocide were all terrible events in history, but why did they occur? The form of genocide had existed since the perception of superiority and inferiority was known. AsRead MoreAdolf Hitler and the Holocaust Essay611 Words   |  3 Pagesmight ask the question, Why? Why would someone like Hitler murder millions of people in an act of mass genocide? I personally think that no one truly knows the answer to that question I do however, however know why we would study something like the Holocaust, and likewise WWII. In order to explain it sufficiently I think that one must start with the story of Adolf Hitler. In 1889, on April 20th Adolf Hitler was born. As a young Austrian boy, Hitler wanted to be an artistRead MoreWe remember and learn about the Holocaust for many reasons. It forces us to reflect on one of the1000 Words   |  4 PagesWe remember and learn about the Holocaust for many reasons. It forces us to reflect on one of the most severe parts of the worlds history. Hitler rose to power by working within the government. This made it extremely hard for Germans to go against Hitlers ways. His primary targets were the Jews but, by creating a detailed list of undesirables Hitler showed discrimination towards more than group of people. The Nazis began to expand on their territory in 1938. Jewish people were soon called to registerRead MoreThe Tragedy Of The Holocaust1599 Words   |  7 PagesHorror struck on January 30, 1933 when Germany assigned Adolf Hitler as their chancellor. Once Hitler had finally reached power he set out to complete one goal, create a Greater Germany free from the Jews (â€Å"The reasons for the Holocaust,† 2009). This tragedy i s known today as, â€Å"The Holocaust,† that explains the terrors of our histories past. The face of the Holocaust, master of death, and leader of Germany; Adolf Hitler the most deceitful, powerful, well spoken, and intelligent person that actedRead Moreâ€Å"Arbeit Macht Frei†(Work Will Set You Free) replayed in many of the Holocaust victims minds as they1400 Words   |  6 Pagesof the Holocaust victims minds as they saw it posted on the fence of the death camps they entered. The biggest camp was known as Auschwitz. People still wonder at this point today as to why the Germans did not help when they saw the surrounding people being captured. Catch this though! How do we know the Germans were even aware of the massacre that transpired? Who was Hitler and the SS and could we have stopped them? Could the Germans have stopped it? What would be different? Lastly, Could we, theRead MoreWorld War II and The Holocaust Essay580 Words   |  3 PagesYou learn about War World II and the Holocaust in history every year, but do you really understand why? We often stop learning about the war after Peral Harbor because that is when the U.S. got involved. But there is more to War World II than just Pearl Harbor. The Holocaust all started with a man named Adolf Hitler. Reserach shows that Adolf had a bad childhood. As most boys he wanted to make his father proud, but when he applied for art school his father was not pleased. Even knowing his fatherRead MoreWhy Did Hitler Start World War II? Essay771 Words   |  4 PagesMicahla Livesay HST 200 Rees What Made Hitler Who He Was; a Look into His Mind One of the most common asked questions through history is: Why? Why did settlers decide to take people and turn them into slaves? Why was war created? Why do people discriminate against each other? Why did Adolf Hitler start the Holocaust? As of the 21st century, we have the knowledge as to why Hitler decided to start World War II, therefore creating the Holocaust. However, we only understand the historical side of thingsRead MoreEssay about Adolf Hitler: The Invasion of Poland575 Words   |  3 PagesOn September 1, 1939 Germany invaded Poland to start the biggest war all mankind has ever seen. A man named Adolf Hitler led a group called the Nazis. He convinced those men that Jewish people had ruined the world and caused Germanys downfall after World War One. They were also against people like gypsies, criminals, or anyone they thought were undesirable. Soon after the Germans started, Japan and Italy joined to help their cause. As the war went on the Nazi party grew bigger and st ronger and

To What Extent Human Agency Is Socially And Biologically...

Introduction Throughout the three novels â€Å"The Art of Being†, â€Å"On Being Authentic†, and â€Å"When I am Playing with My Cat, How Do I Know That She Is Not Playing with Me?† each of the authors touch on many different aspects of philosophical thinking. One aspect that is touched on is the great debate between determinism and free will. This essay will analyze to what extent human agency is socially and biologically conditioned. Human action is wholly determined by heredity and environment therefore we do not have complete control or free will. We must first define free will and determinism to have a clear understanding of the two concepts. Free will is defined as the power of acting without the constraint of necessity or fate; the ability to act at one s own discretion. Determinism is defined as the doctrine that all events, including human action, are ultimately determined by causes external to the will. Justify Position We as humans come into this world as a blank slate with only biological and genetic influences to our being. Over years and years we are shaped by our environment and the people around us. Guignon says that â€Å"we experience the world through a ‘We’ before we experience it through an ‘I’†¦we generally come to have a better knowledge of who we are through our social interactions than we do through introspection or self-reflection† (Guignon, p. 121). Guignon means that our â€Å"self† is a mass collection of all of our experiences rolled into one instead of us being ourShow MoreRelatedS New Zealand/Aotearoa a Classless Society?4186 Words   |  17 PagesIntroduction to Sociology and Community Development CSTU 5110-2167 Lecturer: Dr Denys Delany ESSAY IS NEW ZEALAND/AOTEAROA A CLASSLESS SOCIETY? DISCUSS – IF SO WHAT DEFINES THIS STRUCTURE? – IF NOT WHAT IS THE MAIN BASIS OF SOCIAL STRATIFICATION IN NEW ZEALAND/AOTEAROA? Due date: 13th April 2007 Student Name: Ali Rankin Student ID: 1282990 Email: (ali_rankin@hotmail.com) Address: 49 Alfriston Road, ManurewaRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesmymanagementlab is an online assessment and preparation solution for courses in Principles of Management, Human Resources, Strategy, and Organizational Behavior that helps you actively study and prepare material for class. Chapter-by-chapter activities, including built-in pretests and posttests, focus on what you need to learn and to review in order to succeed. Visit www.mymanagementlab.com to learn more. DEVELOPING MANAGEMENT SKILLS EIGHTH EDITION David A. Whetten BRIGHAM YOUNG UNIVERSITY Read MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pageseconomic, social, and political churning, how will these driving factors be influenced by the brutally competitive global economy in which organizations do not have any particular geographic identity or travel under any particular national passport? What will be the effect of the rapid gyrations in markets that emphasize the difficulties that accounting practices face in determining true performance costs and that forecasting programs confront in establishing the economic determinants of corporateRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesparticularly regarding sustainable competitive advantage and resources, and corporate strategy, particularly regarding diversiï ¬ cation and internationalisation. There are also issues of ownership and organisation. In the end, the fundamental question is: what future for the Ministry? ââ€"  ââ€"  ââ€"  In 1991, 28-year-old James Palumbo invested  £225,000 (≈a340,000) of his own capital into a new dance club located in an old South London bus depot. As an old Etonian (the UK’s most elitist private school), a graduateRead MoreOcd - Symptoms, Causes, Treatment131367 Words   |  526 Pagesothers, and his need to gain better control over his tormented mind. Despite his best efforts, Mike was paralyzed by the relentless onslaught of his unforgiving mind. Anxiety, and the more basic emotion of fear, is a universal human experience that plays a central role in human adaptation and survival. The basic function of fear is to signal a threat or impending danger (Barlow, 2002). The feeling of anxiousness associated with making a speech before 3 4 THE NATURE OF OCD a large audience

Negotiation Celebrity Endorsement Contract

Question: Discuss about the Negotiationfor Celebrity Endorsement Contract. Answer: Pre-Negotiation My Clients BATNA and Reservation Value My client has set the bar too low that can make it difficult for negotiation. However, my reservation value is better than the celebrity. For example, the BATNA offered by the company is $25 million. This is a good offer because the celebrity involved has an exceptional brand and commands a significant following from the public. Based on this BATNA, the celebrity who will not be able to accept this amount would be refused. However, my client has also considered the reservation value at $20 million annually. According to Ellis (2011), by setting a reservation cost price, the company must have examined the premium to the offered BATNA because of the diversity in the fields. Indeed, the ticket value is the worst or least fair deal regarding the price. It is nearly the walkway point or bottom line. Celebritys BATNA and Reservation Value At the prenegotiation stage, it is important to consider different factors to avoid future misunderstanding and conflicts regarding the contract. The most important factor to look for in a celebrity is the experience. In fact, experience in negotiating contracts makes the problem half-solved. As a representative of the company at the negotiation table, translating the talks into working and the binding document is necessary (Ellis 2011). With the Turnkey approach, nothing will be left out of the legal document. As such, it will save the time used in the negotiation. Given the significant of the celebrity endorsement on the brand, the party should rush into the process. In this process, the broker or the lead negotiation team from the company will be acting as an agent (Kandell 2013). In any negotiation involving officials, the deal must go through. The BATNA of the other is that the cost of the endorsement should be as high as $50 million annually. The lowest BATNA needs to be $30 mi llion in the same period. A typical celebrity broker will charge about 10-15 percent of the payments. To this effect, the agent would try to maximize the extremely high end. Based on this figure, the broker will earn about $300,000-500,000 for successfully breaking the impasse. The Brokers of the celebrity also have relevant experience to conclude the celebrity endorsement deals efficiently (Kandell 2013). With the assistance of the legal teams trained in the negotiation, they try to protect the interest of the clients. The lawyers are liable and answerable to their client their failure to advise the clients legally can break the relationships. Based on this position or the BATNA of the customer, the reservation value stood at $300,000 The ZOPA Range and the Strategy for Claiming the Greater Proportion of the ZOPA The ZOPA range is critical in defining the terms of engagement in the celebrity endorsement negotiation. It is either the value lower than the reservation value or higher than the BATNA. The most important factors in the process could focus on the domain name, social media, e-commerce, the Internet, promotions, advertising, marketing, privacy matters, copyright, and trademark (Ellis 2011). As an active negotiator, I have the zeal to represent my client in the issues revolving around promotion and protection of the partys intellectual property online. Without a doubt, the brick-and-mortar market requires the capacity to utilize the counsel and create respect in addressing the client-specific strategies thus protecting the copyrights and trademarks as well as the intellectual property rights. Indisputably, it stands out that the best deal will focus on protecting the interest of the parties. Although in a negotiation, the possibility of a win-lose situation is a mischief, win-win for a ll makes great sense in the celebrity endorsement. The payoff can be higher than the investment, but the reality is that the long-term goal must remain in sight. Conversely, reservation price can make a positive change because it rarely assumes the knowledge and power of the negotiators. For the company to gain big, it must play hard to get so that the celebrity can also realize that the negotiation is beneficial for both parties. In fact, both the celebrity and the company have strong brand images that can create results. Therefore, the best strategy for the company to scoop the highest proportion in the negotiation is by investing in marketing and quality. To advocate for these factors, it would be possible for the firm to increase its earnings. Negotiation Entering Negotiations with their Counterpart for the Endorsement Contract The endorsement contract negotiation is tough because every throws barbs at everything and anything. Given the situation at hand, I would articulate the interest of my client based on the BATNA and reservation value. In entering these negotiations, the toughness of the position taken can be unmanageable. At the negotiation, together with the counterpart, it is possible to assess the BATNA. This has, to begin with listing the alternatives, evaluating them, establishing the BATNA, and calculating the reservation value. Since I have identified my partner, calculating the BATNA will be easy. I will have to calculate the ticket value that I can accept. If the proposal of the counterpart is lower than my reservation value, it would be prudent to reject it and pursue the BATNA. Before I obtained the BATNA, I had to seek relevant information from the counsel. As such, I found it easy to estimate ligation costs and the likely of winning any litigation. Upon determining the possibility of winning a litigation, it is possible to calculate the actual value to make the BATNA. At some point, the negotiation has hit a snag or impasses. Nevertheless, I boast of various outside option. Therefore, evaluating the BATNA would be the best alternative to facilitate the negotiation. Since I understand the position of my client, I will have to translate the BATNA to the current deal. For instance, my counterpart knows that a celebrity without a brand name can never perform without partnering with companies. Therefore, my business offers the celebrity an opportunity to earn more profits as the markets my product. As an implication, upon exchanging notes and position of each party, both parties took the time to translate the process explicitly. It ensured any aspects of giving up is out of the equation. Therefore, using the market checks and comparing them with other contracts, both parties struck an acceptable deal of $25 million annually. Communications Log The negotiation was set to take two months (60 days) so that both sides could come to an agreement. This timeframe is the maximum extendable duration for both parties to agree and consult. Given the experience in negotiation, the best way to overcome the ZOPA is by resorting to aspirational target thus avoids the cognitive bias as explained by Harvard Law School (n.d). For instance, I had to maintain the reservation value during the negotiation. However, when the deal is better than the BATNA, it is prudent to think about before entering it blindly. This is the secret of becoming a successful negotiator. For instance, good deals are unsustainable thus making a promise that will kill the business is unethical. Therefore, the only way an organization will stick to the negotiation terms is based on the BATNA, Reservation value, and ZOPA principles. The negotiation outcome will see the celebrity offered $25 million in royalty while the company boosts its earnings. Post-negotiation Outcome of the Negotiation The celebrity endorsement is important for the company as it will help in building the brand quickly. This is because; they provide powerful endorsements that have taken advantage of the obsessions of consumers with some of the stars they idolize and follow. It critical to note that celebrity-driven campaigns have generated mixed results because some have failed while others have given an incredible effect (Orvis 2016). It rarely matters the name of the celebrity, the execution framework adopted by the company will be critical as it will allow the firm to exceed the objectives. It is worth noting that marketers have had trouble with celebrities, especially when the marketers are informed of what they needed to do or even skip celebrity marketing campaign. Based on the negotiation, it is essential for the company to create a method that can allow for a proper execution of the celebrity marketing campaign successfully. For example, the use of Burns Method is a perfect campaign tool to facilitate the marketing. With the celebrity marketing workshops, the brand marketers will access the tools required for them to lead and manage the marketing campaign confidently (Williams n.d). For the celebrity, an integrated agency team model is essential in maximizing the marketing campaign. Since the marketers and celebrity are professionals, they understood the negotiation thus fun the work. It is indisputable that consultation process puts the party in an awkward situation. Nevertheless, the Burn method ensured the parties identified the new celebrities thus determining the best celebrity campaign (Harvard Law School n.d). Therefore, the development from the negotiation was fruitful because it addressed all the concerns required in a celebrity endo rsement campaign. Nothing is as good as winning the contract and getting the signature of the celebrity. The company will permanently improve its revenue and reputation. Bibliography Ellis, C. (2011) Negotiation theory and practice, Blogspot, September, 22. (Available at https://negotiatewithchad.blogspot.co.ke/2011/09/how-does-your-reservation-value-relate.html) Harvard Law School. (n.d) BATNA basics: boost your power at the bargaining table, Management Report, (Available at https://www.bc.edu/content/dam/files/centers/cwf/individuals/pdf/BANTABasics.pdf) Kandell, E. F. (2013) Know your negotiation strategy, Disclosures, May/June. (Available at https://www.alternativeresolutions.net/wp-content/uploads/2013/09/Negotiation%20VaCPAs%20MJ%202013%20final.pdf) Orvis, G. (2016) Forget celebrity endorsements: why retailers should engage microinfluencers, Shopify Blogs, September 15. (Available at https://www.shopify.com/retail/move-over-celebrities-why-micro-influencers-are-the-latest-force-in-influencer-marketing-for-retail) Williams, B. (n.d) Celebrity marketing workshop, The Brand Agent. (Available at https://celeb-brand-agent.com/celebrity-marketing-workshop/)

Issues Businesses Of These Three Companies â€Myassignmenthelp.Com

Question: Discuss About The Issues Businesses Of These Three Companies? Answer: Introduction All over the world, another popular synonym of Winding up is the process of liquidation of the companies as with the assistance of this process, business organizations use wind up all of their business processes (Uher et al., 2012). In this process, all the liabilities and rights of the companies are recognized and the companies wither settle all the dues of the creditors or they warrant the creditors with assets of the companies. Most of the companies operates as per ideas of the board of directors as the board of directors is the central part of the companys management (Scholleova, 2012). They have the ultimate power to take major business decisions in order to keep the interest of the companys stakeholders like shareholders, investors, customers and others. Effective decision-making process ensures the long run of the companies as it helps to develop effective business strategies. On the other hand, Corporate Governance ensures in the effective business operations of the companies as the effectiveness of the companies largely depends on various major aspects like principles, guidelines, code of conducts and others. It is considered as the major incapability of the companies in the field of corporate governance when they fail to comply with the corporate governance principles (Wang, 2012). This report is based on the liquidation or winding up of the businesses of three of the Australian major companies and they are ABC Learning, HIH insurance and One Tel Phone. The aim of this report is to focus on the specific reasons that led to the winding up of the businesses of these three companies. Overview of the Companies ABC Learning In their earlier years, ABC Learning was well known for one of the major companies in the education industry of Australia. ABC Learning was listed in the Australian Stock Exchange (ASX) and the company had a market capitalization of AUD$ 2.5 billion. However, ABC Learning was confronted with major managerial issues after affecting with the subprime mortgage crisis, as the company was overwhelmed with the burden of debt repayment. It was the failure of the auditors of ABC Learning as they failed to conclude the financial reports of the company regarding previous years profit. ABC Learning was established in 1988 in Queensland. Since the commencement of their business operation, ABC Learning was majorly successful to establish more than nine hundred centers all over Australia and New Zealand by 2006. In the year 2006, ABC Learning announced the acquisition of United States second largest child care provider for the amount of $330 million along with the acquisition of United Kingdoms fi fth largest child care provider Busy Bee Group. All these acquisitions helped ABC Learning to expand their business in United States and United Kingdom with one percent market share (smh.com.au, 2017). One Tel Phone One Tel Phone was one of the major telecommunication companies of Australia. The company commenced its business operations in 1995 after the deregulations of the Australian telecommunication industry. At present, most of the Australian companies of telecommunication industry are under the external management of court appointed liquidator. The major focus of One Tel Phone was to fulfill the needs of the customers by delivering better quality of services and products. The major attempt of the company was to establish a youth oriented image with the help of selling mobile phones along with One Net internet services. Prior to the collapse, One Tel Phone became the fourth largest telecommunication company of Australia. The origin idea of the company was to start with the development of a simple mobile phone that all the customers can easily access and understand. The major focus of the company was on the residential people of Australia opposite to the commercial marketing. One Tel Phone w anted the whole group of customers of Australia to gain access on all the telephone products with the help of high marketing strategy (research-repository.griffith.edu.au, 2017). HIH Insurance HIH Insurance was one of the major insurance companies of Australia after the company commenced its business operations in the year 1997. In the year 1998, HIH Insurance made acquisition of many companies in Australia and all over the world. The company was listed in the Australian Stock Exchange (ASX) in the year 1992 and in 1995 the company sold most of its stake to Switzerland based company and changed its name to HIH Insurance. This particular deal comprised of the operations of Colonial Limited General Insurance in Australia and New Zealand. As per the estimation of the liquidators, the total loss amount of HIH Insurance was $5.3 billion. As a part of the investigation on HIH Insurance, large number of members of the companys management within the organization were convicted and imprisoned based on various fraud cases. The collapse of HIH Insurance is considered as the largest corporate collapse in Australia history (hih.com.au, 2017). Reasons for Winding up and Corporate Governance Failure ABC Learning The major reasons that contributed to the winding up and corporate governance failure of ABC Learning are stated below: In the second half of the year 2007, ABC Learning suffered an unexpected huge fall in the profit by 42% worth $37.1 million along with a major debt of the organization worth $1.8 billion. All these aspects contributed to the fall of the share process of the company (crikey.com.au, 2017). As a result of the fall in share prices, the company registered a fall of 43% in the price of the shares of $2.15 with a low of $1.15. At the end of the financial year, ABC Learning ABC Learning had to sell all of their stakes worth $20 million and $6 million for an amount of $2.7 million. This process contributed to the suspension of all the trading activities of the company as the company failed to failed to release the companys reports of earning for the year 2007 to 2008. In spite of the selling of the assets of the company, ABC Learning had to fall into massive financial problems due to the massive increase in the dent of the company and the auditors of the company failed to conclude the accounts (smh.com.au, 2017). In case of the calculation of Goodwill and others, ABC Learning followed the wrong method of accounting. By only charging the impairment of $8.4 million, ABC Learning made the valuation of goodwill and other intangible assets worth $2.4 billion. As a result of the adoption of wrong accounting method, the future cash flow of ABC Learning was found to be wrong and this aspects contributed to 42% loss of the company. This particular failure is considered as one of the major reasons for the collapse of ABC Learning One Tel Company The major reasons that contributed to the winding up and corporate governance failure of One Tel Phone are stated below: On a constant basis, One Tel Phone registered superior amount of profit and the company deferred the operating expenses for the period of three years. The accountant of the company adopted the accounting practices that were against the accounting standards and bookkeeping principles (wsws.org, 2017). The origin of One Tel Phones financial issues commenced in 2000 as the company registered a loss of $291 million. This contributed to the fall in share prices below $1. At the end of 2001 April, One Tel Phone lacked required funds for business and as a result, Rodney Adler, the director of the company sold 5 million shares of the company for $2.5 million. As per the administrative report, One Tel Phone became insolvent and stared to lay off their 1400 employees (abc.net.au, 2017). The liquidation process of One Tel Phone demanded the compensation of $92 million from the directors of the company as the directors of the company failed to exercise their powers regarding effective due care and diligence. One of the major reasons of the collapse of One Tel Phone is that the company started to charge one seventh from their customers by considering the fact that they would be able to recover that in near future. However, this did not happened. As a result of this, One Tel Phone lacked required cash for operations that led to the liquidation of the company. HIH Insurance The major reasons that contributed to the winding up and corporate governance failure of HIH Insurance are stated below: In the process of acquiring FAI Insurance, HIH Insurance invested huge amount of money that affected the insurance business of the company. As a result of this, HIH Insurance had to concede massive damage. The entering of HIH Insurance in the film industry was one of the major reasons behind the fall of HIH Insurance. The company had to concede a loss of more than $100 million over the years out of these move (aph.gov.au, 2017). HIH Insurance had to face major financial loss due to the natural disaster of Florida. As a result, the company had to take large amount debt that contributed to the collapse of HIH Insurance. The abrupt changes in the compensation policy of HIH Insurance were another major reason for the collapse of HIH Insurance that the company paid to the employees of California industry. The company had to face huge amount of loss for this. As per the liquidators, HIH Insurance lost over $800 million in a time span of six months. This was another major reason of the fall of HIH Insurance (smh.com.au, 2017). Ethical Issues ABC Learning In ABC Learning, one of the major reasons for the liquidation is the wrong adaptation of accounting policies that led to the various accounting fraudulent. It is evident that ABC Learning displayed wrong bookkeeping process. Another major ethical issue in the liquidation of ABC Learning was the rendering of services to their customers. The company was held responsible for providing the customers with improper rendering of services (Ford and Richardson, 2013). One Tel Company One Tel Phone violated many accounting rules and practices. As a result of this, One Tel Phone violated the principles of ethical code of conduct and compliances. Regarding the business operations, the management of One Tel Phone failed I monitoring the financial performance of the company and they ignored the important areas of investment that contained high risk (Wang and Hsieh, 2013). Another major ethical reason for the liquidation of One Tel Phone was the failure of companys director in the adoption of strong pricing strategy. As a result of this, One Tel Phone has to concede loss of income and other financial problems. It can be said that the directors of One Tel Phone failed to act ethically in discharging the business obligations. HIH Insurance Without obtaining the approval from Board of Directors, HIH Insurance acquired the business of FAI Insurance. This aspect shows the poor corporate governance of the company. Another major ethical issue in HIH Insurance is that the company did not pay adequate attention to carry the business operations as per the due diligence. Constant changes in managerial position were another issue (Slade and Prinsloo, 2013). It was charge on Mr. William that he was responsible for improper management as he was accused for material misstatement and to overstate the organizational profit for the year 1998 to 1999. Conclusion From the above discussion, it can be seen that poor corporate governance and ineffective identification of the financial risk factors were major reasons for the liquidation of these companies. In addition, the failure of these companies to adopt the fair financial practices is another major reason for the winding up of the businesses of these three companies. Apart from all these issues, the presence of some major ethical issues can also be noticed in the wading up of these companies. Thus, it can be concluded that both financial and ethical issues are there behind the liquidation of ABC Learning, HIH Insurance and One Tel Phone. Recommendations Based on the above discussion, some recommendations are provided below: It is recommended to the business organizations to they should implement effective corporate governance strategy in order to find the business risks. It is recommended to the business organizations that they should adopt true and fair accounting policies in order to carry on the accounting and financial operations. References ABC News. (2017).OneTel...one big debacle. [online] Available at: https://www.abc.net.au/news/2009-11-20/28324 [Accessed 10 Sep. 2017]. Aph.gov.au. (2017).HIH Insurance Group collapse Parliament of Australia. [online] Available at: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/Publications_Archive/archive/hihinsurance [Accessed 10 Sep. 2017]. Cook, T. (2017).Collapse of Australia's fourth largest telco adds to growing list of corporate failures. [online] Wsws.org. Available at: https://www.wsws.org/en/articles/2001/06/onte-j08.html [Accessed 10 Sep. 2017]. Crikey.com.au, 2017.ABC learning collapse is a policy failure. [online] Crikey. Available at: https://www.crikey.com.au/2008/11/07/abc-learning-collapse-is-a-policy-failure/ [Accessed 10 Sep. 2017]. Ford, R.C. and Richardson, W.D., 2013. Ethical decision making: A review of the empirical literature. InCitation classics from the Journal of Business Ethics(pp. 19-44). Springer Netherlands. HIH Insurance, 2017.HIH Insurance. [online] Hih.com.au. Available at: https://www.hih.com.au/ [Accessed 10 Sep. 2017]. Kruger, C., 2017.Lessons to be learnt from ABC Learning's collapse. [online] The Sydney Morning Herald. Available at: https://www.smh.com.au/business/lessons-to-be-learnt-from-abc-learnings-collapse-20090101-78f8.html [Accessed 10 Sep. 2017]. Kruger, C., 2017.Numbers finally start to add up as operators go back to basics. [online] The Sydney Morning Herald. 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