Wednesday, December 25, 2019
India Technological University For Projects - 1702 Words
ACKNOWLEDGEMENT We are utmost thankful to Gujarat Technological University for including projects in our curriculum. We as students have learned a lot and will continue doing so for the rest of the time period of the project. Thanks to our internal guide Prof. Parita Giri for a search-light guidance in our project. They helped us quite for project and report both. Special thanks to our HOD C.D. Kotawal for opening up a new way of seeing things and doing projects. With his unflinching directions and clear mind he illuminated us. And last but not the least our parents and friends for their patience, love and care while we dragged through this venture. For standing by us in toughest of time, we thank them. Above all, to GOD, almighty, we bow and lay down our sincere prayers and thank him. ABSTRACT The project is designed to minimize penalty for industrial units by using automatic power factor correction unit with the help of zig-bee. Power factor is defined as the ratio of real power to apparent power. This definition is often mathematically represented as KW/KVA, where the numerator is the active (real) power and the denominator is the (active + reactive) or apparent power. Reactive power is the non working power generated by the magnetic and inductive loads, to generate magnetic flux. The increase in reactive power increases the apparent power, so the power factor also decreases. Having low power factor, the industry needsShow MoreRelatedA Project Report On India Technological University1258 Words à |à 6 PagesGUJARAT TECHNOLOGICAL UNIVERSITY (GTU) NOBLE GROUP OF INSTITUTIONS Affiliated with GTU A Project Report On ââ¬Å"FACTs BY SVCâ⬠Prepared as a part of the requirements for the subject of PROJECT-I B.E., Semester ââ¬â VII ( Electrical ) Submitted by: Sr. Name of student Enrollment No. 1. Savasani Rajkumar 13O350109526Read MoreA Project Report On India Technological University1747 Words à |à 7 PagesEvent Oââ¬â¢ A project report submitted to Gujarat Technological University By SanyaMansuri Enrollment No: 120283116006 Swati Jain Enrollment No: 120283116001 Bachelor of Engineering Read MoreMy High School Science Projects1253 Words à |à 6 Pagesand inter school science projects, one such project that left lasting impression was that of a study on gear mechanism used in various tools, fascinated by the same I was on self-propelled path of discovery. I am driven by asking the questions: why? and how? and this curiosity developed into a passion for machines as a whole and led me to do an undergraduate program in Mechanical Engineering from PVGââ¬â¢S College of Engineering and Technology under the prestigious University of Pune, a leading academicRead MoreScholarship Essay1230 Words à |à 5 Pagesloan to take care of the expenses for my Masterââ¬â¢s program as I do not want to burden my parents financially. Question 2: Why This University Why have you chosen to apply to Texas Aamp;M University? A maximum of two 80-character lines will be sent. I always wanted to research into energy efficiency of systems. I have decided to apply to your esteemed University as the masters program offers courses relevant to my interest. Question 3: Why This Major Why have you chosen your academic major(s)Read MorePositive Effects of Foreign Aid to India1289 Words à |à 6 Pageshas been argued for decades that long term foreign assistance is unfavorable for the development of the recipient nation. However, there are some countries that have shown positive effects of foreign aid. India can be regarded as this type of country. According to Global Issues Journal (2011), India is one of the biggest recipients of long-term foreign aid in the world and mainly supported by donors, such as the United States of America and the United Kingdom, and international organizations, similarRead MoreApplying for Graduate Studies in Engineering865 Words à |à 3 PagesI am currently working as a Physical Design Engineer at ââ¬Å"Qualcomm India Private Limitedâ⬠, Bangalore, India and I hold a bachelorââ¬â¢s degree in Electronics Instrumentation Engineering from Jawaharlal Nehru Technological University, Hyderabad, India. I want to pursue graduate stu dies because it provides me the right platform for research. I envision a career involved mainly with research because it welcomes new ideas, gives me more opportunities to explore my areas of interest and put forward new theoriesRead MoreBecoming A Graduate Education For Engineering1194 Words à |à 5 PagesAs rightly said by Nikola Tesla, ââ¬Å"We crave for new sensations but soon become indifferent to them. The wonders of yesterday are today common occurrencesâ⬠. The sweeping changes in the Technological world with the advent of Electronics have made the role of electrical and electronics engineering a really indispensable one. My fascination for engineering was from an early stage though not a conscious one. It has been my deepest desire to be a part of this proliferating community. While my Bachelorââ¬â¢sRead MoreUse Of Screed Plate Of Paver Machine From Sticky Asphalt At Gujarat Power Engineering Research Institute1693 Words à |à 7 PagesInstitute (104) Department of Mechanical Engineering (2012-2016) Gujarat Technological University, Gandhinagar NOVEMBER 2015. CERTIFICATE This is to certify that the work in this Project Report entitled revention Of Screed Plate Of Paver Machine From Sticky Asphalt At Gujarat Power Engineering Research Institute, Mewad (104) of B.E. degree in Mechanical Engineering to be awarded by Gujarat Technological University. It has been carried out under my supervision in partial fulfilment ofRead MoreStatement of Purpose1694 Words à |à 7 Pagesopportunity and it is with sincere sense of gratification that I pen down my brief statement of purpose before you. I am Sphoorti Sangamesh Biradar, 21 years old. I am studying B. Computer Science engineering final year in the reputed university Visvesvaraya Technological University (VTU) at college Sir.M.Visvesvaraya Institute of Technology. I have always believed in the credo Destiny awaits those who dare to dream. It is to this belief that I attribute all my accomplishments till date and my passion toRead MoreEssay about Statement of Purpose for an MS in Computer Sci ence738 Words à |à 3 Pageswork with them enables one to understand the technology that makes it all possible. Understanding this, I chose to do my undergraduate study in Information Technology. While reasoning my intentions to pursue MS in Computer Science at your esteemed university, I would like to throw some light on my career till now. From my schooling, I had immense interest in Mathematics and thus I choose Mathematics and Science at my intermediate level. My school was the place at which I gained deep knowledge in
Monday, December 16, 2019
Cancer Is A Disease Of Cancer - 2627 Words
Introduction Cancer is a disease that takes many forms and affects a multitude of people in the world. The specific type of malignancy will determine the proper course of treatment to take to deal with the illness. The most prevalent type of cancer in males between the ages 15 to 34 is testicular cancer (Cavayero et al., 2015). As a result, this is also the most common cancer in young men around the world and the cause of 1-2% of all male tumors (Carey et al., 2015). In the US, we see around 9000 new testicular cancer diagnoses made per year (Agarwal et al., 2015). However, even with the malignancyââ¬â¢s prevalence in the world, testicular cancer is one of the great success stories in the advancement of treatments and cures. Due to the effectiveness of different treatments, testicular cancer has about a 98% 5-year survival rate and a very positive prognosis when detected early on (Cavayero et al., 2015). Some of the standard treatment options used by patients in the course of their disease are orchiectomies, radiotherapy, chemotherapy and active surveillance (Meyts et al., 2013). In addition, retroperitoneal lymph node dissection (RPLND) is another surgical option that is becoming a more common and viable option for patients (Dudderidge, 2014). However, even with the high rates of success and remission, we see many potential long-term physical and psychological effects from the disease and itââ¬â¢s treatments. Background Research has shown that germ cell cancer of the testis isShow MoreRelatedThe Disease Of Cancer And Cancer975 Words à |à 4 PagesCancer is the name given to a collection of many diseases. Cancer is uncontrolled cell division due to genetic changes that interfere the cell cycle and activate cell division. The cancer start in any part of the human body, such as in blood, lung, and colon. Cancers are different in the ways they spread and grow. Cancers types have its own characteristics. The general characteristics of Cancers are they work in the absence of growth factors, make their own growth factors, donââ¬â¢t respond to the signalRead MoreIs Cancer A Disease?2564 Words à |à 11 PagesCancer is a disease that is hard to define in one aspect because how it is defined is ever changing due to new unravelings every day, and each individual s interpretation. Public awareness and misinterpretations make it even harder to define the disease, yet the public is the most fundamental aspe ct needed to spread knowledge of the impending epidemic and fund itââ¬â¢s defeat. Researchers have been attempting to overcome public speculation and funding obstacles many. To do so, these laborers must redefineRead MoreCancer : A Type Of Disease1203 Words à |à 5 PagesResearch Paper: Cancer Cancer, is a type of disease that involves abnormal cell growth and has the potential to invade or spread to other parts of the body. Not all tumors are cancerous, there is one type that is not cancerous; benign tumors (which do not spread to other parts of the body). Possible signs and symptoms include: a distinct lump, a lengthened cough, irregular bleeding, unexplained weight loss, a difference in bowel movements, and many others. While these symptoms may cause cancer, they mayRead MoreDisease Analysis: Cancer669 Words à |à 3 Pagespick one disease to target, because all disease causes pain and suffering. The individual with schizophrenia will pick that disease for its debilitating effect on personal freedom and the mind; the individual with muscular dystrophy will hate that condition for impeding mobility and causing the rapid degeneration of the body. However, there are few diseases as universally scorned, feared, and hated as cancer. It is therefore cancer that I choose as t he disease I hate the most. For one, cancer is ofRead MoreCancer Is A Disease Of The Cells865 Words à |à 4 PagesCancer is a disease of the cells, Inside all cells are coded instructions for making new cells and controlling how cells behave. These coded instructions are genes. Abnormal changes in genes can turn normal ovarian cells to cancer cells. Normal cells grow and divided to make new cells. New cells are made as the body needs them to replace injured or dying cells. When normal cells grow old or get damaged, they die. Cancer cells donââ¬â¢t do that. The changes in genes causes cancer cells to make too manyRead MoreBreast Cancer : A Disease1737 Words à |à 7 PagesWyrick 1 Leah Wyrick Ms. Basinger AP Language and Composition 12 May 2017 Breast Cancer Breast cancer is a disease in which most commonly occurs in all women no matter their size, shape, race, or ethnicity. About one in eight women will be diagnosed with breast cancer every year, a fatal disease if not discovered early. Early detection of breast cancer is key so that cancerous cells found in the breast do not spread through other parts of the body. On a positive note, however, significant advancesRead MoreThe Dangerous Diseases Of Cancer1325 Words à |à 6 Pages There are many dangerous diseases out in this cold world. There are all types of Aids, Diabetes, Sickle cell, and etc. There are cures or you can just find a way to just live with it but sadly some have no cure. One of the most deadliest type of diseases is Cancer. Cancer might be just a short six letter word but it killed millions of people. The word cancers have about one hundred different types. Cancer is when you have abnormal cells multiplying and growing out of control. It spread and spreadRead MoreCanc er Is A Deadly Disease2303 Words à |à 10 Pages Cancer is a deadly disease. Not only can it take the life of the person that get this disease. It can take the lives of family and friends who try to be caregivers for their love, ones. Even though family and friends can be good caregivers for love, ones with cancer if they receive the proper educational training. Some people are unable to be caregivers for cancer patients, because being caregivers for patients with cancer are too emotionally, financially, and physically demanding for familyRead MoreCancer Is Not A Single Disease?1692 Words à |à 7 PagesCancer has been an undeniably terrible disease and with no known way to prevent cancer it has taken the lives of many and has no intentions to cease. Cancer, defined by The Gale Encyclopedia of Alternative Medicine, is ââ¬Å"Not a single disease but a group of about 100 diseases characterized by the uncontrolled growth of abnormal cells, many of which form masses (tumors), and the ability of those cells to spread by way of the circulatory and lymphatic systems from the original site to distant parts ofRead MoreCancer Is A Deadly Disease1554 Words à |à 7 PagesIntro Cancer is a deadly disease that affects many people year in and year out. Cancer continues to be a huge problem and affect not only the cancer patients live but their loved ones. Itââ¬â¢s caused millions of deaths over the years, and hopefully one day society will find a cure. We can honestly say the disease is foreign due to how many different forms there are of it and the fact that weââ¬â¢ve yet to find a remedy. Even with all the different treatments for cancer it still is causing a prompt decline
Sunday, December 8, 2019
A Pair Of Tickets By Amy Tan free essay sample
Essay, Research Paper Amy Tan is an writer who uses the subject of Chinese-American life, concentrating chiefly on mother-daughter relationships, where the female parent is an immigrant from China and the girl is a exhaustively Americanized # 8211 ; yellow on the surface and white underneath. In her book, the female parent tries to convey their rich history and bequest to her girl, who is about wholly nescient of their heritage, while the girl efforts to understand her hopelessly old- fashioned female parent, who now seems to harbour a secret wisdom, who, in the terminal, is right about everything all along. At the gap of the narrative # 8220 ; A Pair of Tickets # 8221 ; Jandale Woo and her male parent are on a train, the are destined for China. Their first halt will be Guangzhou, China where he father will reunite with his long lost aunt. After sing with her for a twenty-four hours they plan to take a plane to Shanghai, China where Jandale will run into her two half sisters for the first clip. We will write a custom essay sample on A Pair Of Tickets By Amy Tan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It is both a blissful clip and yet a clip of compunction, Jandale has come to China to happen her Chinese roots that her female parent told her she possessed, and to run into her two duplicate half sisters whom her female parent had to abandon on her effort to fly from the Japanese.Some people have no chance to acquire to cognize their heritage and their long lost household members. Jandale nevertheless, had about waited her full life to link with her heritage and her household. She was willing to see China and meet with her two half sisters merely in acknowledgment to her female parent # 8217 ; s wants. Jandale should hold been delighted to hold the chance to see China and acquire to cognize her roots and her household. The subject to this narrative was efficaciously treated in that the reader could see the reunion of the sisters, but yet could experience hurting and grieve interior of themselves.Having the narrative take topographic point in China, helped it to go more realistic for the reader. The reader can experience as Jandale tra ces her Chinese roots and becomes in touch with her heritage and her past. It is also possible for the reader to place themselves in the same situation and experience the feelings that are being portrayed by the characters. The reader can certainly sense the joyful and the sorrowful events and their hearts can be touched by the happiness and the pain.The main character in the story is Jandale Woo; she is the one the reader becomes a part of because it is her life that is mostly being affected. When her mother told her that she would one day feel her Chinese blood, she never believed it, but now the reader can get a perception of her understanding her Chinese roots and believing in what her mother has told her. Although Jandale was not born and raised in China like her mother she now has a grasp on her life and on her mothers life too.The story is told through the eyes of Jandale, a Chinese-American women attempting to learn of her Chinese culture and her mothers past. Women readers may relate to this story more than the men because it is told by a woman character. Men may not connect to the experiences of a mother withdrawing from her own children to save their own lives. I, myself being a young women reader can connect with the pain that is felt throughout the story considerably better than a young man could.Learning about family heritage is something people do not always understand, like Jandale people do not always want to believe their past and the past of their families. When coming to an understanding of their past, people can lay to rest their urging thoughts and can come in closer contact to their present life. Now that Jandale has meet her sisters, she can now make peace in her life knowing that she has fulfilled her dreams and the dreams of her mother. She can now lay to rest the thought of her mother never seeing her twin daughters again and continue on with her existing life.
Sunday, December 1, 2019
Salim Group free essay sample
The focus of the Salim Groupââ¬â¢s operations adapted to Indonesiaââ¬â¢s economic policies and shifted from trading to manufacturing, and ultimately diversified into a series of unrelated sectors. Following the fall of Suharto and the 1997 Asian financial crisis, the Salim Group has continued to internationalize its portfolio with Liemââ¬â¢s son, Anthony Salim, as the groupââ¬â¢s chief executive. Currently, the Salim Groupââ¬â¢s main holdings are in food, media, automotive, property and telecom with aggregated revenues estimated at 14 billion USD in 2012. The biggest companies in the portfolio include First Pacific Ltd. , Indofood and Indomobil. The competitive landscape consists of other multinational companies and Indonesian conglomerates on a group level, and industry specific competitors in each distinct business field. Although certain elements of the Salim Group are comparable to the traditional Chinese family business, such as its extensive network of relationships, through adaptations to this model, including the professionalization of management and business, an open and informal culture, and a decision-making process supported by strict internal monitoring procedures, the group has been able to achieve significantly greater scale and success. We will write a custom essay sample on Salim Group or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Anthony Salim has already dictated the firmââ¬â¢s future strategy, which entails an expansion throughout Australia-ASEAN-China (ââ¬ËAxis of Prosperityââ¬â¢), a portfolio focus on industries known to the group, and the development of local managers for regional adaptation. Going forward, the Salim Group should closely consider changes in the institutional environment of ASEAN countries, succession planning, and the centralization of control, as well as both the benefits and concerns associated with its Axis of Prosperity expansion. 1. History of the Salim Group The historical events of the Salim Group can be classified into three phases that the Indonesian conglomerate experienced. These phases are broadly grouped time periods that share characteristics and observe similar trends. We begin by examining the first phase of the Salim Groupââ¬â¢s accomplished history, which includes the actions that led to the creation of the company and its earliest business activities. Prior to the Second World War, Liem Sioe Liong immigrated to Indonesia from Chinaââ¬â¢s Fujian province. When Liem arrived in Central Java, there was already an existing and organized Chinese community. This is a direct reflection of the increase in Indonesiaââ¬â¢s Chinese immigrant population, a group considered to be economically higher than the local Javanese as they were used by the colonists as intermediaries and traders. The importance of Liemââ¬â¢s ethnicity will be discussed in later sections. Liem began trading and lending in the early 1940ââ¬â¢s before the Japanese occupation. Similar to many Chinese immigrants, Liem abandoned his Chinese name and adopted the Indonesian-sounding Sudono Salim, hereafter referred to as Sudono. Shortly after the Japanese occupation in 1942, Sudono engaged in Dangbangke trading, which consisted of smuggling small goods with bicycles. At the same time, Sudono started a family and fathered both Anthony Salim and Andre Halim, two sons that would eventually play a prominent role in the Salim Group. It is in the 1940ââ¬â¢s that the Salim Group was founded; however, sources do not specify the exact commercial nature that Sudono pursued. After the Japanese occupation, Sudono actively supported the Indonesian Independence movement who were fighting the Dutch army. Sudono was part of the Futsing Hwee movement and helped hide revolutionary leader Hasan Din, the father-in-law of Sukarno, for over a year. This would prove to be an important connection for Sudono as the Indonesian nationalists won independence and enabled Sudono to resume trading commodities such as peanut oil, cloves, and coffee. Through his connection with Hasan Din, Sudono was labeled as a ââ¬Å"trustworthy supplier of the militaryâ⬠. As a result, Sudono profited from helping the Indonesian army both during and after their independence movement (Dieleman, 2007b). Following independence, Sukarno took over Indonesia in 1957 and implemented a closed economic policy that rejected foreign capital and focused on creating a greater role for government nationalism (Dieleman, 2006). Although Sukarnoââ¬â¢s policies attempted to favor indigenous businessmen with his Benteng program, Sudono and Indonesiaââ¬â¢s Chinese minority economically dominated the country. Sudono moved his family to Jakarta where he would continue to supply the Indonesian army. In addition, Sudono develop several business partnerships outside of his family network with other Chinese immigrants. Dieleman points out that the Salim Group began to rapidly diversify because of Sudonoââ¬â¢s belief that ââ¬Å"all businesses are goodâ⬠(Dieleman, 2007, p. ?). The group continued to develop textiles, became the armyââ¬â¢s supplier of soap and purchased the Bank of Central Asia (BCA), which would grow to be Indonesiaââ¬â¢s largest bank. The groupââ¬â¢s ââ¬Å"business ventures adapted to the unpredictable environment and grew by taking the opportunities as they came, without a focused business strategyâ⬠(Dieleman, 2007b). Here it can be seen that Sudonoââ¬â¢s activities shifted from trading to manufacturing and financing. Indonesiaââ¬â¢s political environment changed again as Suharto seized power from Sukarno in 1967. By this time, Sudono had already established large businesses and built up a powerful network of political elite. President Suhartoââ¬â¢s New Order policy opened up private and foreign investment for many of Indonesiaââ¬â¢s commercial industries. Sudono utilized his connections with Suharto to acquire licenses that gave him exclusive rights over certain strategic exports. In addition, Sudono kept close ties with the Indonesian Army, which was now the dominant political force. Suharto implemented policies aimed at rapid industrialization from 1970 onward that also promoted import substitution. As a result, the Salim Group expanded to include domestic flour milling, cement and automobile production. Each of these industries had established favourable conditions that encouraged domestic production through government programs. The Salim Group had companies in highly diverse sectors and profited from the wave of Indonesiaââ¬â¢s industrialization (Dieleman, 2006). See figure 1 to see the Salim Groupââ¬â¢s growth during Indonesiaââ¬â¢s industrialization. 1. 2 Phase Two: Transition to the Second Generation The next phase of the Salim Group is distinguished from the previous period of unrelated diversification, a common characteristic of Chinese family businesses. In 1972, the Salim Group stopped randomly diversifying and Sudonoââ¬â¢s strategy shifted by targeting select industries rather than being driven solely by opportunity (Dieleman, 2006). The purpose of this shift was to decrease the groupââ¬â¢s dependency on government contacts and enable internalization. Dielmans highlights that overseas partners in Japan helped the Salim Group by providing both technology and knowledge to the company. This is likely a result of Akamatsuââ¬â¢s proposed flying geese strategy (Bu, 2012a). In addition, Anthony Salim and other family members joined the business in 1972 to help manage the sheer number and diversity of the companies that the Salim Group owned. However, most of Sudonoââ¬â¢s business partners were Chinese immigrants, stemming from the bamboo network of overseas Chinese across Asia. The Salim Group continued to grow and engage in commercial activities on a much larger scale. This was aided by the governmentââ¬â¢s changing policy from import substitution to export led growth, following the pattern of many NIEs and other ASEAN governments. In addition, the Salim Group continued steady growth through the 1980ââ¬â¢s and moved into more capital-intensive industries such as chemicals and steel-making. Sodono also recognized the risk of Indonesiaââ¬â¢s political instability and intensified the groupââ¬â¢s internationalization rate in the 1980ââ¬â¢s and 1990ââ¬â¢s, specifically in Singapore and Hong Kong. In 1982, Sodono founded First Pacific in Hong Kong, which was owned by the Salimââ¬â¢s and opearated businesses throughout Asia (Dieleman, 2007b). Refer to figure 2 to see a breakdown of the Salim Groupââ¬â¢s internationalazation in the 1990ââ¬â¢s. The result was an extremely diverse yet powerful family business that structured its business offerings across the value chain. Another major event in this phase of the Salim Groupââ¬â¢s history was the changeover in leadership. Anthony Salim assumed control of the family company in 1993. The ever-expanding business required the help of professional managers, which Anthony continued to hire to help manage the Salim empire. By 1995, the Salim Group had become a giant, representing 5% of Indonesiaââ¬â¢s total GDP, with revenues above 20 billion and 200,000 employees. Refer to figure 3 to see a snapshot of the Salim Groupââ¬â¢s commercial activities in 1995. 1. 3 Phase Three: Financial Crisis and Reform The final phase of the Salim Groupââ¬â¢s history begins with the Asian Financial Crisis of 1997 and continues to the present date. The Salim Group borrowed heavily from foreign banks to capitalize on superior lending rates, making them highly vulnerable to currency risk. As Indonesiaââ¬â¢s currency rapidly devalued in 1997, the Salim Group was faced with increasing debt obligations. Refer to figure 4 for a breakdown on the corporate leverage of selected Asian economies and figure 5 for a breakdown of the growth of US, reflecting foreign, borowing for the Salim Group. The groupââ¬â¢s pyramid ownership structure and internal lending compounded the situation as the largest Indonesian conglomerateââ¬â¢s debt-to-equity ratio skyrocketed. Even more concerning was the fall of Suharto, an important political connection that helped the Salim Group flourish under his corrupt ruling period (Dieleman, 2006) As a result of these factors, Anthony Salim was faced with tough decisions on honoring over $5 billion in loans. See figure 6 to see the impact of the Asian financial crisis on select economies. The Salim Group transferred 107 of their companies to the Indonesian government to settle their debt obligations. Many of these assets were ultimately bought back by the Salim Group at a discount, likely due to the corrupt Indonesian government. Since this period, the Salim Group has been on the road to recovery and has continued to experience growth by refocusing its portfolio while also internationalizing rapidly. See figure 7 to see how the groupââ¬â¢s actions reflected Indonesiaââ¬â¢s political and institutional environment and figure 8 for a complete summary of the Salim Groupââ¬â¢s strategic actions. Using history as a basis of analysis, it is clear that the Salim Group exhibits many of the characteristics of a Chinese family business. These include centralized decision making through a dominant CEO, family ownership and control, the importance of external networks, and a high degree of strategic flexibility. The details and justifications for these characteristics are further developed in the following section of the report. Big whales swim in the deep sea, in the salt water, but we are talking fresh water here. â⬠(Anthony Salim) The competitive environment of the Salim Group is as complex and opaque as the company itself. As the conglomerate operates in various and mostly unrelated business fields, it is not easy to determine its main competitors on an aggregate level. The second difficulty is the fact that these different operations are often spread amongst different countries in Southeast Asia. Although it is not possible to find a directly comparable conglomerate, operating in exactly the same businesses and geographical regions, it is possible to identify those whose main businesses overlap with the primary commercial activities of the Salim Group. In doing so, we found three major competitors: (1) multinational giants such as Unilever and General Electric1, (2) Indonesian conglomerates operating in similar sectors and (3) other large industry specific competitors, not necessarily conglomerates. While the first two have the potential to compete n a macro or group level, the third category of firms mainly competes in one specific business field. The American food company General Mills, for example, is a direct competitor of Indofood, but does not possess the potential to jeopardize the Salim Group as a whole. Please see figure 9 below for a peer group overview on a macro level. In summary, we find that although the group has competitors of similar and larger size, there is no competitor that could take complete market share from the Salim Group as a whole. This is primarily a result of the Salim Groupââ¬â¢s high level of diversification. As the Salim Group operates across numerous business lines, even if one aspect of the business was facing tough competition or declining sales, the group as a whole is large enough to compensate for fluctuating financial performance. 3. Features 3. 1 Ownership and Organizational Structure Chinese family businesses (CFBs) are typically fully owned by the family members. Top-management positions are occupied exclusively by members of the core family and senior management positions are usually taken by other close relatives or long-term employees with proven loyalty. This context restricts quick promotions or the acquisition of professional management that distinguishes itself through high performance. Thus, growth is limited and the organization is maintained at a small scale. Another feature of the structure of CFBs is their aptitude for unrelated diversification in terms of products and geography, with an additional focus on short-term returns (Chen, 2004; Bu, 2012c). In contrast to these characteristics, Sudano Salim began to professionalize the groupââ¬â¢s business while in charge. When Anthony took over, he hired even more professional managers that also had access to top management, organized the group into divisions and initiated IPOs to list companies on stock exchanges in Indonesia and abroad (Dieleman, 2007a, p. 22). The latter resulted in companies having to conform to transparency rules and to develop working organizational structures and controlling systems on the one hand, and provided access to foreign capital on the other hand. The inflow of foreign capital came along with a dilution of ownership.
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