Mergers And Acquisitions In Restructuring Business Organizations Finance Essay

Mergers And Acquisitions In Restructuring Business Organizations Finance Essay Mergers and Acquisitions have gained substantial importance in todays corporate world. This process is extensively used for restructuring the business organizations. Some well known financial organizations also took the necessary initiatives to restructure the corporate sector of India by adopting the mergers and acquisitions policies. The  Indian economic reform since 1991 has opened up a whole lot of challenges both in the domestic and international spheres. The increased competition in the global market has prompted the Indian companies to go for mergers and acquisitions as an important strategic choice. The trends of mergers and acquisitions in India have changed over the years. The immediate effects of the mergers and acquisitions have also been diverse across the various sectors of the Indian economy. The Indian Economy has been growing at the fast rate and emerging as the most promising economy in the world. Be it in IT, RD, pharmaceutical, infrastructure, energy, consumer retail, telecom, financial services, media, and hospitality etc, there has been a sign of promising boom in the Indian economy. It is the second fastest growing economy in the world with GDP touching 8.9 % in 2010. Investors, big companies, industrial houses view Indian market in a growing and proliferating phase, whereby returns on capital and the shareholder returns are high. Both the inbound and outbound mergers and acquisitions have increased dramatically. According to Investment bankers, Merger Acquisition (MA) deals in India will cross $100 billion this year, which is double last years level and quadruple of 2005. Indias merger and acquisitions deal value in year 2010 reached almost US $50 billion which is three times of the deal value last year 2009. There were MA deals worth about $16 billion in 2009, down from close to US $40 billion in 2008. Definitions: Mergers: Mergers or amalgamation is combination of two or more companies to form as a single new company. In this process no fresh investment is made, however an exchange of shares takes place between the entities. In simple terms, a merger involves the mutual decision of two companies to combine and become one entity. Generally, merger is done between the two entities having similar size. Varieties of Mergers   Mergers can be of various types. But there are 5 main mergers varieties which are valued most in the corporate world.   Horizontal merger   Two companies that are in direct competition and share  the same product lines and markets.   Vertical merger   Two companies which are in the Value Chain. Market-extension merger  Ã‚  Two companies having same product but different target market. Product-extension merger  Ã‚  Two companies selling different but related products in the same market.   Conglomeration   Two companies with unrelated business/ industry.   Acquisitions   Acquisition means buying the ownership of one company by another company, often as the part of the growth strategy. Unlike in merger, acquisition is generally done by a large company to a small one. Acquisitions can be either friendly or hostile. Like mergers, acquisitions are actions through which companies seek economies of scale, efficiencies and enhanced market visibility. Acquisition is done either in cash or acquiring the stock of the target company or both. Distinction between Mergers and Acquisitions   Mergers and Acquisitions are often uttered as one and the same and considered to have the same meaning. But the terms merger and acquisition are two different term meaning.   When one company takes over another independent company and clearly established itself as  the new owner, the purchase is called an acquisition. From a legal point of view, the  target company  ceases to exist and the buyer or the acquirer possesses the full control of the business and the buyers  stock continues to be traded, then it is acquisition.   Regardless of the type of the strategic alliance they all have one purpose in common. They are all meant to create synergy that makes the value of the combined companies greater than the sum of the two parts. Synergy Synergy  is the force that is obtained when two or more components meet together to produces an exceptional result which when done solely cannot be achieved. In a business synergy takes the form of enhanced performance, increased profitability and exceptional cost reduction. By merging, the companies hope to benefit from the following:   Staff reductions Economies of scale   Acquiring new technology Improved market reach and industry visibility Importance of the study When a company wants to expand, there are various ways its can do. They can achieve the growth either by capturing the market share or by growing through strategic alliances. The main objective of the merger or acquisition is to achieve growth and synergy, economies of scale and capture or expand the market share. Buzz of merger and acquisition often creates hype in the financial market about the acquirers stock price. While most empirical research on merger focus on daily stock return surrounding announcement date, a few studies also look at long term performance of term performance of acquiring firm after merger.  [1]  Not only that, the performance of the company as a whole is also a matter of question mark. Will the company be able to perform better than it is doing or not? Problem Statement Many firm prior to merger and acquisition have an expectation to create a synergy from merger and acquisition. The main motive behind MA is to create efficiencies in the business and expansion of the business. But they most of the time ignore the fact that the effect of merger and acquisition has direct correlation with the value of the acquirers company and the stock price. The other problem that is to be considered is the financial risk associated with the MA. Research Objective The objective of this study is to gain the deeper and clear knowledge of the merger and acquisition on the acquiring firm. It also aims at the financial risk that a company may face post merger/ acquisition asa well as the long term performance of the acquirer. The objectives are as follows: To examine the effect of EPS myopia on the return of acquiring firms in mergers. Evaluate the effect on the stock price of the acquiring company post merger and acquisition. Critically evaluating if the shareholders of the acquiring companies experience wealth effect as a result of MA. The expected long term performance of the acquiring firm. Study of the financial risk pertaining to the merger and acquisition. Research Question What is the motive behind Merger and Acquisition? What is the effect on the stock price of the acquirer pre and post MA? Does the buzz create the bubble effect on the market or is it long lasting? What is the wealth effect of the acquirer firm post and pre MA? What is the trend of MA in Indian market? Drivers of MA in India What are the effects of MA to the competitors? Effect of the tax to the government post merger and acquisition. Limitations of the Study No proper information on the companies is found except for their Balance Sheet and Income Statement. This study is based on secondary database, so errors in the data could affect the results of the study. External factors such as economic conditions, regulatory changes etc are not taken into consideration. An overview of the Study This dissertation is divided into five chapters. The first chapter deals with the background information, problem statement, objective of the study, importance of study, research question limitation of the study. The second chapter deals with literature review. This chapter indicates the theoretical framework of the valuation method of Merger and Acquisition. It shows the detail description of the past research that has been done on the topic and discusses the outcome of the study. The third chapter deals with the research methodology of the dissertation. It deals with the Research method used for the data and information collection. It includes sample selection/design procedure, data collection and data analysis tools used in the dissertation. In this part assumptions had been made where there is lack of appropriate data and information. The fourth chapter deals with analysis and interpretation of the financial data that are used to achieve the objectives of the dissertation. This section mainly deals with the findings from the study and also focuses on the analysis and its results. The fifth and the last chapter of this dissertation present the findings of the study, recommendation of the study to the investors, financial managers regulators. It also concludes the suggestions for future research. Chapter II Review of the Literature 2. Literature Review Many authors and writers have written lot about merger and acquisition and its impact on the performance of the company as well as on the economy. A great deal of research has been carried out on the performance of the corporations involved in the merger and acquisition. When a company wants to jump start a long term growth or boost up the corporate performance, MA may seem to be the best option. Yet study after study puts the success rate of MA lies just between 20% and 30%. A lot of researcher had tried to explain the abysmal statistics, usually by analyzing the attributes of the deals that worked and those that didnt. What is lacking is the robust theory that identifies the causes of those success and failures.  [2]   2.1 Merger and Acquisition: Conceptual Review Farlex Financial Dictionary  [3]  has defined A decision by two companies to combine all operations, officers, structure, and other functions of business. Mergers are meant to be mutually beneficial for the parties involved. In the case of two publicly-traded companies, a merger usually involves one company giving shareholders in the other its stock in exchange for surrendering the stock of the first company Pratap G. Subramanyam (2005) has stated merger as in the term associated with the integration of one company into another. The merging company should exist thereafter and all its assets and liabilities get legally vested in the merged company. This means that the merger means amalgamation of the assets of the two or more companies to form a new company serving the similar or different purpose. 2.1.1 Recognition of amalgamation (merger) by Indian Statutory Bodies The Company Act of India does not define an amalgamation or a merger. Therefore, the term are being interpreted as being included in the term arrangement as defined in Section 390(b). This is vindicated by the fact that Section 394 talks about arrangement that are in nature of amalgamation of two or more companies. It is possible under Companies Act for two or more companies to amalgamate using the shareholder approval route under Section 293(1)(a) though such route is never adopted. The more appropriate route is to get court order under Section 394 of the Act, which has been specifically enacted to enable amalgamations. Section 390 This section provides that The expression arrangement includes a reorganization of the share capital of the company by the consolidation of shares of different classes, or by the division of shares into shares of different classes, or by both these methods Section 394 This section contains the powers while sanctioning scheme of reconstruction or amalgamation. Under the Income Tax(IT) Act, 1961 Section 2(1B) the word amalgamation in relation to companies means the merger of one or more companies to another company or the merger of two or more companies to form one company so that: All the property of the amalgamating company or companies before the amalgamation becomes the property of amalgamating company by virtue of the amalgamation. All liabilities of the amalgamating company or companies immediately before the amalgamation become the liabilities of amalgamating company by the virtue of amalgamation. Accounting Standard AS-14 defines amalgamations as those pursuant to the provisions of the companies Act or any other statute, which may be applicable to the companies. Therefore, it applies to all transactions that come under the purview of Section 391-394 of the Companies Act that relate to integration of two or more companies. AS-14 categorizes amalgamation into two categories: (a) amalgamation in nature of merger (b) amalgamation in nature of purchase. An amalgamation fall into former category if: All assets and liabilities of transferor company become after amalgamation, the assets and liabilities of the transferee company. Shareholders holding not less than 90% of the face value of the equity share of transferor company (excluding the shares held by the transferee company), become the equity shareholder of the transferee company by virtue of the amalgamation. The consideration for the amalgamation, receivable by those equity shareholders of the transferor company who agree to become the equity shareholder in the transferee company, is discharged wholly by issue of shares (except for fractional shares that may be settled in cash). The business of the transferor company is intended to be carried on by the transferee company. Acquisition is the mechanism by which companies change hands and through transfer of ownership of share or transfer of control. Acquisition means the purchase of or getting access to significant stakes in a company, often making such acquirer a major shareholder or force in the company. According to Dictionary of Financial Term  [4]  If a company buys another company outright, or accumulates enough shares to take a controlling interest, the deal is described as an acquisition. For example, if Corporation A buys 51% or more of Corporation B, then Corporation B becomes a subsidiary of Corporation A, and the activity is called an acquisition. A single investor may buy out a publicly-traded company; one calls this going private. Acquisitions occur in exchange for cash, stock, or both. Acquisitions may be friendly or hostile; a friendly acquisition occurs when the board of directors supports the acquisition and a hostile acquisition occurs when it does not. 2.1.2 The Acquisition and Takeover Code in India After the advent of the SEBI, introduced in 1994, there was a concerted attempt at formulation of a comprehensive framework under which acquisition and takeover could be made in existing listed companies. However the takeover code does not apply to unlisted companies and continue to be regulated by the provision of the Company Act. Listed companies are currently governed by the provision of Takeover Code, clause 40A and 40B of the Listing Agreement of the stock exchange and Section 108B and 108D of the Companies Act as regards acquisition and takeovers. Under the provision of Section 108B, corporate under the same management holding whether singly or in aggrete.10% or more of the nominal value of the subscribed equity share capital of the any other company shall, before transferring one or more such shares, give to the central government an intimation of its proposal to do with the prescribed details. Section 108D provides the similar provision wherein the Central Government can act suo moto of any transfer of a block share in a company. All the Sections under 108 are backed by Section 108G. Section 108G Applicability of the provisions of sections 108A to 108F.-The provisions of sections 108A to 108F (both inclusive) shall apply to the acquisition or transfer of shares or share capital by or to, an individual firm, group, constituent of a group, body corporate or bodies corporate under the same management, who or which- (a) is, in case of acquisition of shares or share capital, the owner in relation to a dominant undertaking and there would be, as a result of such acquisition, any increase-   (i) in the production, supply, distribution or control of any goods that are produced, supplied, distributed or controlled in India or any substantial part thereof by that dominant undertaking, or   (ii) in the provision or control of any services that are rendered in India or any substantial part thereof by that dominant undertaking; or   (b) would be, as a result of such acquisition or transfer of shares or share capital, the owner of a dominant undertaking; or   (c) is, in case of transfer of shares or share capital, the owner in relation to a dominant undertaking. The SEBI Takeover Code brought in several new features into acquisition law which were not present in Clause 40A and 40B. The basic theme of the code is to provide for fair play and transparency in acquisition and takeover but at the same time to ensure that they are not stifled into extinction. 2.2 Differentiation of Merger and Acquisition In general Mergers and Acquisitions are used interchangeably, but they have a subtle differentiation in there meaning. Weston and Copeland (1992) distinguished merger and acquisition: merger as a transaction between more or less equal partners, while acquisitions are used to denote a transaction where a substantially bigger firm takes over a smaller firm. Their basis of distinguish was the size. But there are other factors apart from size that denotes the differences between merger and acquisition. Asquith Mullins (1986) define mergers and acquisitions on basis of share distribution. When two firms merge, shares of both are surrendered and new shares in name of the new firm will be issued. Unlike in merger, shares of the acquiring firm are not surrendered but traded in the market prior to the acquisition and continue to be traded by the public after the acquisition. The shares of the target firm cease to exist publicly. Motives behind Merger and Acquisition There are three major motives for the mergers and takeovers: Synergy, Agency, Hubris Synergy motive means that the sum total return/value from the integration of two or more companies should be greater than that from the individual company. Elazar Berkovitch (1993) suggests that the takeovers occur because of economic gains that results by merging the resources of the two firms. They even concluded that total gains from MA are always positive and thus can say that synergy appears. The agency motive suggests that takeovers occur because they enhance the acquirer managements welfare at the expense of acquirer shareholders. Elazar Berkovitch and M. P. Narayanan (1993) suggested three major motives for mergers and acquisitions: synergy, agency and hubris. The synergy motive suggests that the takeovers occur because of economic gains that results by merging the resources of the two firms. The agency motive suggests that takeovers occur because they enhance the acquirer managements welfare at the expense of acquirer shareholders. The hubris hypothesis suggests that managers make mistakes in evaluating target firms, and engaged in acquisitions even when there is no synergy. Khemani (1991) states that there are multiple reasons, motives, economic forces and institutional factors that can be taken together or in isolation, which influence corporate decisions to engage in MAs. It can be assumed that these reasons and motivations have enhanced corporate profitability as the ultimate, long-term objective. It seems reasonable to assume that, even if this is not always the case, the ultimate concern of corporate managers who make acquisitions, regardless of their motives at the outset, is increasing long-term profit. However, this is affected by so many other factors that it can become very difficult to make isolated statistical measurements of the effect of MAs on profit. The free cash flow theory developed by Jensen (1988) provides a good example of intermediate objectives that can lead to greater profitability in the long run. This theory assumes that corporate shareholders do not necessarily share the same objectives as the managers. The conflicts between these differing objectives may well intensify when corporations are profitable enough to generate free cash flow, i.e., profit that cannot be profitably re-invested in the corporations. Under these circumstances, the corporations may decide to make acquisitions in order to use these liquidities. It is therefore higher debt levels that induce managers to take new measures to increase the efficiency of corporate operations. According to Jensen, long-term profit comes from the re-organization and restructuring made necessary by takeovers.

Advocacy in Human Services Essay

Under the Rainbow Inc. began when a group of four socially conscious people discovered a dire need for quality, unbiased welfare support without prejudice or borders and became an ‘incorporated association’ in February 2007. Since its inception, Under the Rainbow Inc. has been committed to excellence in the delivery of social welfare services based on their principles of charity, care and compassion. A range of services designed to promote independence and to enhance quality of life are provided by Under the Rainbow, all of which encompass care and support of local community members, in particular those who require relief from poverty and/or the dependents of any such persons. Advocacy is the primary role of case managers’ who volunteer at Under The Rainbow and in this human service setting and any other it is essential for services to be provided accurately. This essay will define advocacy in a human services context as well as discuss the type of advocacy that is beneficial to clients in this chosen human service setting. In conclusion, this essay will also describe issues that Under The Rainbow have encountered whilst implementing advocacy and change and the way the current political climate can effect their ability to engage in advocacy and deliver quality human services. Whilst the definition of advocacy in general is broad, in human service and social work practice advocacy is essentially the process of protecting human rights or to change discriminatory or abusive treatment to the vulnerable, whether working with an individual or a group (Corey, Corey & Callanan, 1998). Human service workers all act as advocates in the course of their work (Sorensen and Black, 2001) and the Australian Association of Social Workers ‘Code of Ethics’ (2002) supports this view citing, ‘The social worker will advocate for changes in policy, service delivery and social conditions which enhance the opportunities for those most vulnerable in the community’ however Forbat and Atkinson (2005) argue that advocacy is ‘not social work, but its principles and values resonate closely’. Regardless of ones  definition, the ‘key concept’ in the notion of any type of advocacy, is that it requires at least three parties: the client, the advocate and ‘the other side’ (School of Health and Human Services, 2007). Literature suggests that the differing types of advocacy seem as broad as its definition and a number of different types of advocacy exist, however within Under the Rainbow’s human service framework they are predominately concerned with ‘individual’ or ‘case’ advocacy. According to Hepworth & Larsen (1993), case advocacy is a way to ‘obtain resources or services for clients that would not otherwise be provided’ and this theory underlies Under the Rainbows belief that to advocate for a client is ‘to bring about some form of personal and/or social change’ (School of Health and Human Services, 2007). Under the Rainbow is a voluntary community based organisation which now boasts a membership of sixty-five individuals, many of whom work with clients as advocates for change. The goal for each volunteer who manages cases for Under the Rainbow is to promote fair, equal, and humane treatment through fundraising, charity provision (food and clothing), welfare work and social action against injustice for the disadvantaged. Under the Rainbow’s social work practice is mainly concerned with implementing changes in the local community to assist in poverty relief to predominately ‘voluntary’ clients (Barker, 1991), though some are referred. While the majority of Under the Rainbows’ charity work is concerned with ‘lending a hand’ materially and financially, they also work one-on-one with clients to determine why they ‘needed a hand’ in the first place and therefore consider both aspects of their human service delivery forms of ‘advocating’. However there is some argument as to whether charity and advocating is in fact the same thing. The assertion by L’Hirondelle (2002) that charity work ‘simply means offering one-on-one help without effort to give people the opportunity to participate in working with others to change their situation’ is challenged at Under the Rainbow who believe ’empowerment’ of a client is both valuable and essential. Individuals who seek help from Under the Rainbow often see themselves as ‘powerless’ and unable to make changes in their lives and sadly, those who are discriminated against, are often the most vulnerable. Under the Rainbow clients can be distinguished by many inequalities involving social issues in areas such as power, authority, and wealth, working and living conditions, health, lifestyle, gender, education, religion, and culture. Because the nature of Under the Rainbow is predominately a charity, they realise some of the clients who ask for welfare assistance will not want to be involved in any further actions for changing their situation and staff may only be required to ‘advocate’ once. However, they know from experience there are just as many of their clients who will want to get involved and connect with others in order to work together for social and personal ’empowerment’. To clarify empowerment further, Shulman (2005) states that the empowerment process involves ‘engaging the client, family, group, or community in developing strengths to personally and politically cope’ and a number of ’empowerment’ workshops and programmes covering issues such as budgeting, self-esteem and parenting are implemented at Under the Rainbow to facilitate this. Clients also often need help when dealing with other agencies and a Justice of the Peace service and help with letter writing, telephone and electronic correspondence is also offered. Often clients feel they have been treated unfairly by other advocacy and law agency’s and challenging another organisation’s reasoning, on a clients behalf or as an individual can be referred to as ‘persuasion advocacy’ (Reardon, 2001). Many times writing a letter or involving law enforcement agencies to negotiate a point has been successful for Under the Rainbow and their clients to further instil ’empowerment’. Therefore, Under the Rainbow staff believe offering an individual help, whether through the distribution of groceries or an activity similar to the ones discussed above, is seen as empowerment for social change. Under the Rainbow ‘advocate’ for and ’empower’ their clients, bringing people together where they are then able to take action to change their situation. Schneider  & Lester (2001) include empowerment in their definition as part of the practice of advocacy and conclude that ‘this value is based on the belief that individuals have strengths to acquire knowledge, become assertive, and develop skills, and through social work advocacy, these strengths can be set in motion’. Vanessa, who has worked with Under the Rainbow for nine months states, ‘when I interview clients, I encourage and pay attention to the capable person I see in front of me. My focus as an advocate is never on their previous history, as there is nothing I can do personally to change it. The importance for me is what the client wants from life and how it can be achieved’ (Pers comm. 2/4/08). Whilst working as an advocate Vanessa does not expect nor require a client to self-disclose, however they usually do, which Vanessa defines as a relationship based on trust and mutual respect. Respecting the privacy rights and confidentiality of Under the Rainbow’s clients is extremely important and they believe that excellent ethical conduct must be practiced in order to be a credible community advocate. Cultural, language, disability and other accommodations are also provided for. If personal conflicts of interest should occur the advocate will step aside and ask for help from another party. As Under the Rainbow is are self-regulating, ethical decision-making and the process of critical reflection, evaluation and judgment ‘through which a practitioner resolves ethical issues, problems and dilemmas’ (Trevino, 1986) is extremely important in both a personal and professional context. As well as individual and personal advocating, dissolving barriers and building a sense of community on a local level, Under The Rainbow promote ‘global consciousness’ and pride themselves on their broad worldview and high awareness of the inter-relatedness and sacredness of all living things. All Under the Rainbow Inc. members are active, both personally and professionally, in many social arenas confronting a broad range of social and political issues. Advocacy of this type, which refers to a connection with social movements’, is known as ‘activist’ or ’cause’ advocacy (Healy, 2000) and often involves ‘active criticism of or engagement with government  policies and practices’ (School of Health and Human Services, 2007). Many members of Under the Rainbow have strong lobbying and media skills and some of their more prominent contributions and support include subscriptions and memberships to other advocacy groups and organisations such as New Internationalist Magazine, Bush Heritage Australia, Amnesty International and Greenpeace as well as Indigenous organisations, animal and environmental protection groups and interests in many other diverse global activist platforms. Under the Rainbow has also purchased and helped plant thousands of trees in South East Queensland through the Queensland Folk Federation at the Woodford Folk Festival site. Under the Rainbow is self-sufficient and as yet to receive any government funding. Relying on donations from its members and the general public to support their services is successful, but often unpredictable and can cause frustration when resources are limited. However, being an incorporated association means that Under the Rainbow is only accountable to themselves, their donors, members, clients and community. Not being affiliated with any government, church or social agency means they are not subject to any other types of accountability usually required under public auspice and this is preferable. Under the Rainbows projects, which are both broad and long-range, draw only on individual and group advocacy skills from its membership pool, preferring to remain exclusive and not out-source help from other agencies. In recent years, new set of ideas, such as advocacy, consumerism, empowerment, participation, and anti-discriminatory practices have all influenced social work practice and this has had an impact on social work values. This new set of ideas is referred to as ‘radical values’ (Adams et al, 2002) and are concerned with challenging oppression and discrimination, it is within this value system that Under the Rainbow continues to operate. Advocacy is essentially the process of standing up for the rights of others who are being unfairly treated (Sorenson and Black, 2001) and has the potential to bring significant and sustainable change for the better. It can  empower individuals and communities and generate many resources whilst bringing diverse organisations together to work on common issues. Effective advocacy takes specific skills, commitment, effort, resources, perseverance, wisdom and collaboration all of which are faced by the Under the Rainbow volunteers on a daily basis. The case managers at Under the Rainbow realise they need to successfully master the skills needed to be an advocate, which takes time and experience. They are also aware that learning to be persuasive and using resources available to them will increase their level of competence and better assure a positive outcome for both themselves and their clients. I am proud to be a member of Under the Rainbow and my involvement in the challenging albeit very rewarding endeavours to facilitate advocacy for change in this small but powerful association. REFERENCE LIST Adams, R., Dominelli, L., & Payne, M., (2002). Social Work, Themes, Issues and Critical Debates (2nd ed.), Palgrave, Basingstoke. Australian Association of Social Workers (2002), Code of Ethics, Retrieved April 2nd, 2008, AASW Website: http://www.aasw.asn.au/adobe/about/AASW_Code_of_EthicsCorey, G., Corey, M., & Callanan, P., (1998). Issues and Ethics in the Helping Professions, Brooks/Cole, USA. Forbat, L., & Atkinson, D., (2005). Advocacy in Practice: The Troubled Position of Advocates in Adult Services, British Journal of Social Work, 35:3, pp. 321-335Healy, K., (2000). Social Work Practices: Contemporary Perspectives on Change, Sage, London. Hepworth, D., & Larsen, J., (1993). Direct Social Work Practice: Theory andSkills (4th ed.) The Dorsey Press, Homewood, Illinois. Trevino, L.K., (1986). Ethical Decision making in Organizations: A Person-Situation Interactionist Model, The Academy of Management Review, Vol. 11, No. 3, pp. 601-617. L’Hirondelle, C., (2002), Characteristics of Remedial Work vs. Social Change, Retrieved April 4th 2008, Victorian Status of Women (SWAG) Website: http://pacificcoast.net/~swag/index.htmlReardon, K.K., (1991), Persuasion in Practice, Sage Publications, Newbury Park, California. Schneider, R.L., & Lester, L., (2001). ‘Advocacy: A New Definition’, Social Work Advocacy, Brooks/Cole Publishing, Pacific Grove: California. School of Health and Human Services, (2007). Study Guide: Advocacy and Change, Southern Cross University, Lismore. Shulman, L., (2005). Skills of Helping Individuals, Families, Groups and Communities, Wadsworth Publishing Company, USA. Sorenson, H., & Black, L., (2001). Advocacy and Ageing, Australasian Journal on Aging, Vol. 20.3, Supplement 2, pp. 27-34.

Effects of domestic violence domestic abuse on women and children Essay

42% of women and 20% of men sustained minor injuries such as scratches, bruises, broken bones or pregnancy complications (Cathy Meyer, 2016). The result of domestic abuse does have long-term physical effects including digestive problems, hypertension or skin disorders (www.liveabout.com 15/11/17). Family members, especially children, can experience the physical effects of abuse even though they have not been harmed or touched. They can complain about stomach aches, headaches and could experience irregular bowel movements and wet the bed. Many women who have been abused find it difficult to concentrate on their daily activates because of the effects of domestic abuse as they are constantly on edge. If a person is experiencing domestic abuse this can be physical as well as emotional and if the abuse is constant then regular hospital visits and rest days will be needed for a recovery if the person has a job day off will be needed and too many could lead to the person eventually being let off. When children experience domestic violence sometimes they feel confused or it’s their fault. If the violence or arguments takes place at night, it can be very distracting for the child to be able to sleep as they are constantly hearing the abuse given. This could affect their education as they will be tired and have poor concentration, affecting progress. Domestic abuse will have an effect on the victim’s emotional health as it makes them feel a range of emotions, such as anxiety, low self-esteem, suicidal thoughts or could cause a post-traumatic distress which includes unwanted flashbacks , nightmares or uncontrollable thoughts (www.joyfulheartcondition.org). Children who are exposed to domestic violence in their home could develop anxiety, fearing they might be left with the abusive parent who will then take their abuse out on them. Depression is also an emotion that most people will experience as they feel helpless and powerless. This is known to be more common in girls as boys tend to act out with aggression. Alisha Dixon, in the BBC Documentary â€Å"Don’t Hit My mum†, many children feel guilt that they could not prevent the abuse. Children may not want to leave the house in case their parent is unsafe. I found evidence to back this is on saying children will become clingy and not want to leave mum or dad and they feel they have a responsibility for to protect them. When in a domestic violent relationship, it is knowing that the partner will try to control the other person’s life by constantly knowing what they are doing and persuading or telling the victim they cannot go places when they really want to go. This will affect their relationship with family or friends causing the victim to never see them eventually leading them into isolation. Other social behavior includes aggressive behavior and poor social skills, meaning they could not make any friends as their social skills are poor. Bereavement A person dying close to you is hard both on adults and children. They can experience the same feelings as they are going through the same things however someone who is of an older age may be able to deal with the effects in a more mature manner, they will find that their energy levels will be very low as they will have a feeling f numbness inside them. If their energy is low, they will not go out and do daily activities which could lead them to stress and anxiety. Dealing with death and not everyone likes to be around people especially not in a work or school environment. This means that they will be missing out on important days in work or school causing them to fall behind building up more stress and anxiety that version does not need. When people describe losing a loved one they usually describe their self as being numb. Which is a normal defense mechanism of the mind to help you from being overwhelmed with emotions? Other people may experience guilt or anxiety

Video Games and Sociological Theory Essay - 600 Words

Video Games and Sociological Theory July 22, 2012 Video games have become as pervasive an aspect of our society as television, with many people spending more time playing video games than watching television. There are many perspectives with which to gauge videos games’ effect on society, from a functionalist, conflict or interactionist perspective. (Schaefer, 2011) Each of these sociological theories can provide a different view of video games, how they affect society and the subcultures that develop around them. The functionalist perspective would emphasize the way in which the parts of a society are structured to maintain its stability. (Schaefer, 2011) A functionalist may point out the manifest functions of video games as a†¦show more content†¦A more in-depth study may look at video games from a Marxist point of view, characterizing the games as a modern day â€Å"opiate of the masses† with multi-billion dollar corporations publishing the games to keep the proletariat occupied and oblivious to their plights. A feminist may cite the standard role of female video game characters as being the â€Å"damsel in distress† and even strong female characters usually being relegated to sex symbol status. An interactionist would study the effect of videos games on individuals, rather than on society as a whole. (Schaefer, 2011) Some things they may study would be any influence the games have on a behavior of a person. Another interactionist aspect would be the effect on families, where, like many things, video games can bring a family together or alienate members. Online multiplayer games now can also allow people to interact with other players from all over the world, being exposed to people and aspects of culture they may never have encountered otherwise. The interactionist may also look at gaming clans, and how the interaction of members affects daily life outside of video games. The sociological interpretations of video games are almost as numerous as the games themselves, and like many aspects of our society can be harmful or beneficial depending on how they are utilized by anShow MoreRelatedThe Effects Of Television Violence On Today s Society1518 Words   |  7 Pages Aside from video games, there is a multitude of media that today’s youth is exposed to every day. Such media includes social media websites such as Twitter and Instagram, movies, television, and news broadcasting programs. Television, however, plays arguably the largest role in influencing adolescents in today’s society. 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