Assigment 4 - Questions Contemporary World Assignment

Assigment 4 - Questions Contemporary World - Assignment Example Basically, the administration was focused on stockpiling enough nuclear weapons and arsenal to prevent the country in case of an attack from the Soviet Union. The resulting outcome would be so immense that the enemy would be assured of â€Å"total destruction†. This led to the establishment of the philosophy of nuclear deterrence (Brown, 31). The concept of MAD was not only put into practice by the US/USSR but also the Cuban. The concept almost came into practice eight months after McNamara’s speech by the Cuban Missile Crisis. However, the conflict was solved amicably without military intervention. The Korean and Vietnam’s proxy wars played vital roles in the duration of the Cold war. The Vietnam War was major accredited to the latter stages of the development and the start of the cold war. On the other hand, the Korean War mainly contributed to the causes and development of the Cold War. These two wars exhibit some similarities and some contrasts mainly in the causes and development. These include; The Korean war was fought in the early 1950’s. It was characterized by heightened tension that resulted to communist threat to Asian borders. Coincidentally, Korean war coincided with China’s involvement in Cold War. Importantly, the war leads to massive increase in Cold war tensions hence the concept of McCarthyism. The war brought China in the limelight following the decision by US to cross Chinese borders. The stalemate that existed between the two countries signified change in leadership for USSR, hence reduced tension between the countries. The ideas of Glasnost and Gorbachev played a vital role in shaping the current status of Europe. The ideas of Glasnost and Gorbachev were characterized by openness and played a major role in political and economic restructuring of Europe (Gibbs, 17). It is worth noting that these ideologies deviated from the old centralized control and communists that had dominated major parts of

Decision-Making and Corporate Restructuring Essay

Decision-Making and Corporate Restructuring - Essay Example This relevant process is described based on the perception and management style of its influential leader, Mr William S. Stravopoulos. In the past few years, Dow Chemical has been undergoing massive restructuring as indicated by the changes in its product lines. It is observed to be focusing on chemistry-related businesses for the company to achieve its goals - both in the short-term and long-term. For Mr Stravopoulos, making major decisions should start with the critical analysis of the products offered by the company and the business in which it is in as a whole. This initially entails the identification of the company's strengths or core competencies. This stage also requires distinguishing the areas in which the company can never excel due to the presence of formidable competitors or lack of technical know-how. Decisions are then made based on these areas identified by the company where its core competencies or weaknesses lie. As per the CEO's style, Dow Chemical opted to divest business units with lackluster performance and focus its resources on the core competencies noted. This sets the general direction of restructuring (Hodgetts) Moreover, decision-making should be planned carefully and done systematically. It involves systematic thinking in which a game plan is conceived. The game plan comprises of the step-by-step procedures or strategically phased courses of action. This means that after determining the company's business objectives, formulating of strategies for the achievement of these goals follows. In the case of Dow Chemical, its business objectives emphasize improvement of quality, reduction of operating cost, change of company culture and fostering of growth. To achieve these, the company came up with a corporate plan divided into two phases - the positioning stage and growth stage. The positioning phase focuses on the achievement of the first three objectives. When these are accomplished, the growth phase wherein the company aims for expansion commences. (Hodgetts) Another important factor in decision-making is the sharing of relevant information. Key people should be sufficiently aware of what is happening in the company. When people know what is going on, Mr Stravopoulos believes that they could make better decisions expediently. This is beneficial for the company because people are empowered to make good and timely decisions as well as lessen corporate bureaucracy. (Hodgetts) Furthermore, the CEO believes that well-informed decision-making is an integral part of the business. As such, Dow Chemical invests substantially in research and development (Hodgetts). Not only would extensive research and development contribute valuable information for decision-making, but they also drive continuous product innovation. In running a business, specifically for corporate restructuring, difficult decisions will have to be made. The Dow CEO is confronted with tough decisions like company downsizing, which is often a highly emotional undertaking (Hodgetts). However, such decisions would have to be made if the success of the company is desired. This means that in decision-making both the short term and long term aspects of the business should be taken into consideration. Employees may have a negative