How the spaniards (conquistadors) destroyed the economic structure of Essay

How the spaniards (conquistadors) destroyed the economic structure of the Incan Empire - Essay Example were doing these people a favor, they have led to the long term destruction of what is now Latin America, due to the overwhelming poverty and elitism that dominates the continent. Through this conquest, the conquistadors destroyed the economic structure of the Incan Empire and of the region altogether. The Incas were a civilization in what is now South America that had a history of being led strongly, which included its economic structures, even though â€Å"The Inca Empire was actually quite short-lived, lasting only about 100 years, from ca.1438AD, when the Inca ruler Pachacuti and his army began conquering the neighbors of the Inca heartland of Cuzco, until the coming of the Spaniards in 1532† (Ogburn 1997). The Incas were led, during their best periods, by Huayna Capac. After Capac and his heir apparent both died of smallpox, however, a war broke out in order to decide who would take over the civilization and become its new leader. At the center of this conflict were Huascar and Atahualpa, who were brothers and were also the sons of Huayna Capac. Huascar became the emperor of the civilization, although there is no evidence to suggest that he was meant to assume this power when his father died. Huascar was a madman, who came close to murdering his mother and his sister, but he was still very popular amongst most of the population that he governed over in the southern part of the region. Atahualpa, on the other hand, took over the northern part of the region during this time period. These two brothers were able to live in peace for a few years, but problems eventually broke out, which caused a war between the two sides. Consequently, over 100,000 people were killed during this war, which shows the savage demeanor of this society. Atahualpa’s side eventually won the war, but he soon started to go insane as well. He treated members of the losing side very horribly and even killed Huascar’s children right in front of him. While Atahualpa now had full control of

Strategic audit of Asics Corporation Research Paper

Strategic audit of Asics Corporation - Research Paper Example It entails evaluating a corporations’ performance measured against its overall corporate (and business) strategy. Companies initiate strategic audits in situations where there is a disparity between its corporate performance and its strategic corporate goals. The corporate and business performance of a corporation is affected by both internal and external factors as well as the activities of competitors within the same industry. A strategic audit is an important tool for company managers and boards to pinpoint problems and hurdles preventing the achievement of their corporate strategic plans. This paper will evaluate the corporate performance of Asics Corporation by appraising the external factors, internal factors, the industry it operates in and its competitors. It will also draw conclusion and strategic recommendations based on the analysis done. Literature review Institutions are unable to discharge their corporate governance duties effectively until the boards concerned fully take ownership of the organizations’ strategy by conducting thorough audits much in the same way that financial audits are done (Rabate, 2007). Strategic audits are therefore indispensable tools for helping management and boards make competent and sound decisions about the firm in order to achieve its strategic plans. The performance of an organization in achieving its corporate plans are affected by both internal dynamics such as management, business strategies and key decisions for instance on production methods. External factors that include economic, political, and environmental as well as demographics affect the company’s performance. In evaluating internal factors, the age of the firm, its production processes and competencies, strategy, competencies and strategies in marketing and its management will be the centre of focus. This will be done using b usiness tools of SWOT analysis and PESTEL analysis. SWOT means Strengths, Weaknesses, opportunities and Threats and evaluates both the internal and external environment in which a firm operates. SWOT utilizes an integrated approach in auditing a firm and is one of the most useful and widely used tools to evaluate an organization logically, and if properly used is an important strategic planning tool (Ferrell & Hartline, 2008). External PESTEL on the other hand stands for Political, Economic, Social, Technological, Environmental, and Legal factors as they affect an organization and this mainly evaluates a firms’ external operating environment (Lorat, 2005). Political factors affecting Asics Operating globally in different political environments requires Asics to adapt and abide by business and corporate regulations in countries it has presence in like North America and Europe. These are in terms of taxes to be paid and business regulations. Economic factors affecting Asics For eign exchange fluctuations greatly affect Asics financial performance, for instance in 2008, its third quarter performance was lower than expected due to large swings in foreign exchange rates. This for instance saw its shares falling by 15 percent (Hall, 2008). The global financial crisis saw its 2010 earnings and revenue fall compared to 2009, after a three-year period of steady rise in revenues (â€Å"Financial Times†, 2012). Social factors The world’s populations are beginning to put greater effort into their health and fitness,