Admission eassy Essay Example | Topics and Well Written Essays - 500 words

Admission eassy - Essay Example My vision is to provide accurate and professional work to clients. Additionally, I hope to be an internationally recognized professional and gain autonomy through offering high quality professional work that commands respect and trustworthy. Moreover, I also seek to provide both short-term and long-term solutions to my clients. Since I am an accounting major, I have great inspiration on receiving a Master’s degree in the same field. Moreover, I will be getting the skills in management and control. This has made me realize that I can do so much more with the accounting knowledge that I have within my folds. It has made me feel equipped, confident, and secure in the knowledge that the already acquired pool of knowledge in diverse fields will be put to use. My future is secured if I gain the much-needed Master’s within my folds. For my short-term plans, I wish to take the CPA exams so that my future work manifestations facilitate the experience that I have gained thus far. This will put me in a better stead than where I am at presently. It will make sure that I am in top of my educational and professional levels, which I have always thought for my own self. The most basic purpose of gaining the Master’s degree would be to let me know that I am at par with what I have planned for myself and how I need to equip myself to handle the challenges of the overwhelmingly increasing challenges and demands of modern professional field. It will make sure that I am able to merge both my experience and knowledge to good purpose because it is a much-needed proposition at the end of the day. My father has an accounting firm and a furniture store to manage. I wish to join him in the near future and be instrumental in pushing the family business to greater heights. One of my long- term plans is to be the CEO of our family business as I also endeavor, as I said before, to provide accounting and financing consulting services. I

Reflective writing Essay Example | Topics and Well Written Essays - 1750 words

Reflective writing - Essay Example As described by Belbin (1993, p. 152) â€Å"a team is not a bunch of people with job titles, but a congregation of individuals, each of whom has a role which is understood by other members. Members of a team seek out certain roles and they perform most effectively in the ones that are most natural to them†. In the light of this description, I assumed the role of a â€Å"team worker†. This was because I thought of myself as a shy person as I do not find myself confident enough among those I do not know. It may be because of the lack of trust in my skills and abilities; I am full of brilliant ideas but I lack the confidence to express them and have lost many good opportunities in life due to my apparently shy nature. Carl Jung, the psychoanalyst, has termed people like me as â€Å"introverts† who spend most of their time alone or in the company of one or two friends (Osher 1998). I have only one close friend and I really feel comfortable in his company. Another thi ng I do not like about myself is the inability to make decisions. When it came to working in a team in the final year of PASBD, I gladly took the role of a â€Å"team worker†. ... In the first group meeting, I was overwhelmed by the confident faces around me. My only friend was not in the group and that really made me feel isolated. My confidence sank all time low and I did not participate in the discussions. In fact, I could not answer the questions directed towards me coherently. In my group, discussions were common and it was mandatory for every member to participate. Clashes of opinions were also frequent in the group and a final decision regarding tasks was reached after many loud arguments. I did not like both; however, both these factors proved to be a useful learning tool for me. The mandatory discussions meant that I had to voice my opinion while the clashes of opinions gave me confidence to speak out loud to make a point. While discussing group dynamics, Melucci (2004) shared the concept of conformity that fits well to my situation. Melucci (2004, p. 249) stated that â€Å"conformity is the maintenance or the alteration of one’s behavior to m atch the behavior and expectations of others†. I was actually trying to conform with the group expectations where every next member is eager to share and contribute. During this process of conforming to the group expectations, I found that my team members actually liked my ideas. This gave me confidence to speak in front of people. I realized that I had a lot of potential but was also terribly under confident. I started thinking why it was so. One thing that I had learnt from this experience (working in a group) was that I was not shy. This was because I was not tongue tied or my legs did not shake when I spoke in public. My lack of participation was because of my fear of being rejected and being ridiculed. As described by Freud, the human

Corporate Finance Case Study Example | Topics and Well Written Essays - 2500 words

Corporate Finance - Case Study Example The company's other division, ALSO, provides 'information and communications technology and consumer electronics in the wholesale and logistics sectors (Google Finance 2009).' Schindler operates in 125 countries, with its 45,063 employees around the world, while most of its ALSO operations cater to European customers (Yahoo Finance). A firm's liquidity is measured by certain financial ratios which include the current ratio, quick ratio, and average collection period. Schindler Holding's current ratio is 1.45 in 2004, 1.3 in 2005, 1.31 in 2006, 1.29 in 2007, and 1.33 in 2008 (see Table 1 in the Appendices). The company's quick ratio is 1.06 in 2004, 0.92 in 2005, 0.87 in 2006, 0.84 in 2007, and 0.95 in 2008 (see Table 1 in the Appendices). As for the company's average collection period, the company collects its accounts receivable in 53.81 days in 2004, 58.29 days in 2005, 59.73 days in 2006, 52.13 days in 2007 and 47.45 days in 2008 (see Table 1 in the Appendices). Exhibit 1 in the Appendices shows the trend of Schindler Holding's current ratio and quick ratio. The company's current ratio has declined from 2004 to 2005, increased from 2005 to 2006 then declined again to 2007. From 2007 to 2008, this ratio is increasing. The company's quick ratio on the other hand has faced a constant decline from 2004 up to 2007. In 2008, the company's quick ratio has increased from 2007. The difference in the trend between the two ratios tells one thing-while the company has increased its current assets in 2006, the increase is mainly attributed to assets aside from cash, short-term marketable securities and accounts receivable. Exhibit 3 in the Appendices shows an lengthening collection period from 2004 to 2006. From 2006 to 2008, however, the trend goes downward. This means the company has cut down on its collection period. The shorter the collection period, the shorter the operating cycle is and cash comes back to the company from its operations more quickly. ii. Operating efficiency The company's operating efficiency is measured by ratios such as the company's inventory turnover, fixed asset turnover, and total asset turnover. Schindler Holding's inventory turnover in 2004 is 22.53 times, 21 times in 2005, 17,87 times in 2006, 16.13 times in 2007, and 18.71 times in 2008 (see Table 1 in Appendices). Exhibit 2 shows the trend for this ratio; from 2004 up to 2007, Schindler Holding's inventory turnover ratio is in a downward trend before it goes up in 2008. Since inventory turnover ratio determines how fast a company disposes inventories and turn into cost of goods sold to the company. The company has become less efficient in converting its inventories into sales from 2004 to 2007, until it has improved its efficiency in 2008. The company's fixed asset turnover ratio measures how hard the company's fixed assets are employed in terms of contributing to the company's revenues. In 2004, this figure amounts to 15.42 times, 20.34 times in 2005, 22.97 in 2006, 27.29 times in 2007 and 28.83 times in 2008 (see Table 1 in the Appendices). This ratio has an upward trend from 2004 to 2008 (Exhibit 2), which means the company increases the efficiency of its fixed assets, in relation to revenue generation. The company's total asset turno

Analysis of Medical Malpractice Case Study Example | Topics and Well Written Essays - 2750 words

Analysis of Medical Malpractice - Case Study Example Mr. Smith signed a consent form but only agreed to the operation because Mrs. Smith had privately threatened to divorce him if he did not. ?As a result of the operation (which was competently performed), Mr. Smith’s tear drainage improved, but he suffered a side effect of poor night vision. The risk of night vision problems was 2 percent, but many doctors consider it a minor problem as it has a limited adverse effect (due to the fact that people are usually asleep at ? night) and the operation is highly effective at improving tear drainage. Mr. Smith is a taxi driver and insists that he would not have had the operation had he known the risk. He is no longer able to work at night and has suffered a loss of income. ?In July, Mr. Smith visited Dr. Zeus, his GP, complaining that his left eye was still sore. Dr. Zeus suspected cancer of the eyelid. The computers were down so Dr. Zeus wrote a note to his receptionist asking him to request a referral to a specialist for Mr. Smith, bu t the note got lost. As a result, the referral was delayed by 4 weeks. ?In August, Mr. Smith was seen by Dr. Foster who diagnosed an aggressive malignant eyelid cancer (which was unrelated to Mr. Smith’s previous tear drainage problem). Expert evidence is that symptoms of the eyelid cancer would have been visible to a reasonably competent ophthalmologist when the tear drainage surgery was performed. ...Here, within different realms of medical malpractice, each aspect of the case will be discussed. Mr. Smith—who seeks financial compensation and complains about his treatment—will be advised to point out all of the following elements to the General Medical Council. II. Negligence Basically, there are four components or criteria of negligence which must be met in order to establish that a patient has a case for medical malpractice (or any kind of tort) (Donoghue v. Stevenson, 2011, pp. 1). Donoghue v. Stevenson was a classic case in the sense that the plaintiff had found snails in her bottled beverage, and claimed that the company owed her damages due to negligence. In a similar manner, Mr. Smith has every right to be upset with not only Dr. Foster, but Mrs. Smith, Dr. Zeus, and Dr. Zeus’s obviously incompetent staff. First of all, Dr. Foster should have mentioned that there was a 2 percent chance that his night vision might be affected. Failure to alert him to this fact is definitely negligent on his part. In addition, Mrs. Smith, his wife, is not only involving herself in the criminal behavior of blackmailing her husband to have the surgery or else divorce him—but she is also criminally liable as a tortfeasor (a person who commits a tort) because she was a consultant ophthalmologist overseeing the surgery superior to Dr. Foster, and she did not report the fact that she saw cancer on her husband’s eyelid.

Formation and Evolution Essay Example for Free

Formation and Evolution Essay A black hole is a theoretical region of space in which the gravitational field is so powerful that nothing, not even electromagnetic radiation (e. g. visible light), can escape its pull after having fallen past its event horizon. Black holes are objects so dense that not even light can escape their gravity, and since nothing can travel faster than light, nothing can escape from inside a black hole. On the other hand, a black hole exerts the same force on something far away from it as any other object of the same mass would. For example, if our Sun was magically crushed until it was about 1 mile in size, it would become a black hole, but the Earth would remain in its same orbit. Even back in Isaac Newtons time, scientists speculated that such objects could exist, even though we now know they are more accurately described using Einstein’s General Theory of Relativity. Using this theory, black holes are fascinating objects where space and time become so warped that time practically stops in the vicinity of a black hole. The former types have measured masses ranging from 4 to 15 Suns, and are believed to be formed during supernova explosions. The after-effects are observed in some X-ray binaries known as black hole candidates. On the other hand, galaxy-mass black holes are found in Active Galactic Nuclei (AGN). These are thought to have the mass of about 10 to 100 billion Suns. The mass of one of these super massive black holes has recently been measured using radio astronomy. X-ray observations of iron in the accretion disks may actually be showing the effects of such a massive black hole as well. Formation and Evolution The primary formation process for black holes is expected to be the gravitational collapse of heavy objects such as stars, but there are also more exotic processes that can lead to the production of black holes. Gravitational collapse occurs when an objects internal pressure is insufficient to resist the objects own gravity. For stars this usually occurs either because a star has too little fuel left to maintain its temperature, or because a star which would have been stable receives a lot of extra matter in a way which does not raise its core temperature. In either case the stars temperature is no longer high enough to prevent it from collapsing under its own weight. The result is one of the various types of compact star. Which type of compact star is formed depends on the mass of the remnant the matter left over after changes triggered by the collapse (such as supernova or pulsations leading to a planetary nebula) have blown away the outer layers. If the mass of the remnant exceeds ~3-4 solar masses (the Tolman-Oppenheimer-Volkoff limit)—either because the original star was very heavy or because the remnant collected additional mass through accretion of matter)—even the degeneracy pressure of neutrons is insufficient to stop the collapse. After this no known mechanism (except maybe the quark degeneracy pressure, see quark star) is powerful enough to stop the collapse and the object will inevitably collapse to a black hole. This gravitational collapse of heavy stars is assumed to be responsible for the formation of most (if not all) stellar mass black holes. Once a black hole has formed, it can continue to grow by absorbing additional matter. Any black hole will continually absorb interstellar dust from its direct surroundings and omnipresent cosmic background radiation, but neither of these processes should significantly affect the mass of a stellar black hole. Properties of Black Holes According to the No Hair theorem a black hole has only three independent physical properties: mass, charge and angular momentum. Any two black holes that share the same values for these properties are indistinguishable. This contrasts with other astrophysical objects such as stars, which have very many—possibly infinitely many—parameters. Consequently, a great deal of information is lost when a star collapses to form a black hole. Since in most physical theories information is preserved (in some sense), this loss of information in black holes is puzzling. Black Hole Types The simplest possible black hole is one that has mass but neither charge nor angular momentum. These black holes are often referred to as Schwarzschild black holes after the physicist Karl Schwarzschild who discovered this solution in 1915. It was the first (non-trivial) exact solution to the Einstein equations to be discovered, and according to Birkhoffs theorem, the only vacuum solution that is spherically symmetric. The Reissner-Nordstrom solution describes a black hole with electric charge, while the Kerr solution yields a rotating black hole. The most general known stationary black hole solution is the Kerr-Newman metric having both charge and angular momentum. Sizes Black holes occurring in nature are commonly classified according to their mass, independent of angular momentum J. The size of a black hole, as determined by the radius of the event horizon, or Schwarzschild radius, is proportional to the mass through where is the Schwarzschild radius and is the mass of the Sun. Thus, size and mass have a simple relationship, which is independent of rotation. According to this mass/size criterion then, black holes are commonly classified as Super massive black holes, Intermediate-mass black holes, Stellar-mass black holes, Micro black holes Conclusion There is very good evidence from astronomical observations that the universe is full of black holes with sizes ranging from six to a billion solar masses in size. Black hole accretion power is responsible for some of the most spectacular phenomena in the universe. These phenomena are NOT well understood, however, largely because of the complexity of the physics of the central accretion flow. There is little doubt, though, that black holes exist at the heart of active galactic nuclei, quasars, and certain X-ray binaries. Accretion power is an important contributor to the overall evolution and ecology of the universe. Electromagnetic observations are currently probing the innermost parts of accretion flows, and revealing interesting effects of the relativistic space-time assuming our models of the flows are not WAY wrong. How can one prove the existence of black holes, short of a suicidal leap across an event horizon? Detection of gravitational waves ripples in the fabric of space-time itself, is perhaps the only way. Currently astronomers view black holes if they are lit up electromagnetically a very biased view! Black holes which are lit up gravitationally may offer a very differently biased view. Works cited Kraus, Ute. Step by Step into a Black Hole. (2005-03-20) Remillard, Ronald A. ; McClintock, X-ray Properties of Black-Hole Binaries, Ann. Rev. Astron. Astrophys. (2006) 44: 49–92. Celotti, A. ; Miller, J. C. ; Sciama, D. W. , Astrophysical evidence for the existence of black holes, (1999) Class. Quant. Grav. 16. Hawking, S. W. ; Penrose, R. , The Singularities of Gravitational Collapse and Cosmology, (1970) Proc. Roy. Soc. Lon 314 (1519): 529–548 Schwarzschild, Karl , Uber das Gravitationsfeld eines Kugel aus inkompressibler Flussigkeit nach der Einsteinschen Theorie(1916), Sitzungsber. Preuss. Akad. D. Wiss. : 424–434.

The Importance of Being Earnest Essay Example for Free

The Importance of Being Earnest Essay We live, as I hope you know, Mr Worthing, in an age of ideals what are these ideals in the context of the play in Act One, and how does Wilde present them to the audience?  In The Importance of Being Earnest, ideals are a dominant theme, and to that end are critical in determining the actions of the characters. Wilde is typically subtle in his presentation of these ideals, and consequently many of them come to be used as a means for satirising the society depicted. It is important to establish from the outset that Wildes presentation of ideals utilizes the different characters as bastions for the various ideals, and in doing that subjects them to scrutiny when ridiculing their respective characterizations. One of the most important ideals presented is fittingly one of the first to become apparent; that being the division of the classes and the social status that they entail. On line 1 of the play, Algernon asks Lane, after playing the piano in the adjoining room: Did you hear what I was playing. Lane? Lanes response: I didnt think it polite to listen, sir is indicative of various aspects of his position. Firstly, his butlership requires that he should abstain from partaking in any activity considered to be distracting to his duties, of which listening to the piano would be one. Secondly, his position in society, that of one of the lower classes, demands utter obsequiousness, hence any comment on Algernons playing would be risky in case it appeared to be unflattering. The ideal of social standing being absolute is immediately challenged by Wilde, as it is quite preposterous that Lane should think it not polite to listen, a distinctly ironic and seditious undertone is palpable. In this instance, Algernon represents the foppish dandy without a brain, whereas Lanes quiet obedience, representative of the downtrodden worker, whilst not perhaps admirable is at least sensible. Thus, Wilde establishes certain connections between the tenets of proper society, and its greatest protagonists, and hence weakens the establishment. The fact that this is done through the means of an implicitly comic exchange helps to alleviate any graveness associated with the matter. Connected to the ideal of status and society is the position of women, which is also a prevalent theme in Act 1. During the Victorian Age and before, it was considered proper practice that woman have an inferior position in society to men. This was effected by their disenfranchisement and their inability to ascend to high positions, whether it is in society or in the work place. It is therefore a shock to the system when Gwendolen challenges Jacks natural authority when speaking to him about their marriage. Whereas he is vacillating and circuitous in what he says: I do mean something else Personally, darling, to speak quite candidly, Gwendolen is forceful and direct: I thought so. In fact, I am never wrong I would certainly advise you to do so. By being so controlling, Gwendolen reverses the accepted patriarchy, and in doing so challenges the ideal. In this case in point, Wilde is quite prepared to dispose of any comic vignettes in order to make a point; instead the dialogue itself provides ample means for dismissing the given principle that women should be subordinate. The character of Lady Bracknell is another example of a dominating woman; a slightly more matronly persona gives some precedence for such commands as: Mr Worthing! Rise, sir, from this semi-recumbent posture however her assumption of authority is still contradictory to the established social norms. Her verbose and eloquent manner of speaking is also out of the ordinary, as it challenges the demure image normally associated with women. Lady Bracknell challenges the patriarchal society in a more forceful and deliberate way than does Gwendolen, as seen from her interviewing Jack: You can take a seat, Mr Worthing. Although this matronly caricature is somewhat trite by todays standards, at the time of writing it would have served to provide an original attack on the males dominance of the running of society.

The Brief History and Background of Petronas

The Brief History and Background of Petronas Petronas is an acronym for Petroliam Nasional Berhad. It was established in 17 August 1974 as the national oil company for Malaysia. Petronas which is wholly owned by the government it is the corporation which is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. Petronas has grown from just being the manager or the regulator of Malaysias upstream sector into a fully integrated oil and gas production. PETRONAS have been ranked among the FORTUNE Global 500 ® the largest corporations in the world. Since it was invested PETRONAS has grown to be an international oil and gas company with business interests in 31 countries. As of the end of March 2005, the Petronas Group comprised 103 wholly-owned subsidiaries, 19 partly-owned outfits and 57 associated companies. Together, these companies make the Petronas Group, which is involved in various oil and gas based activities. The Group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading, gas processing and liquefaction, gas transmission pipeline network operations, marketing of liquefied natural gas, petrochemical manufacturing and marketing, shipping, automotive engineering and property investment. PETRONAS is doing its business with the major strategy of integration, adding value and globalization. Their major facets of business integration are Exploration and Production; Oil, Gas, Petrochemicals, Logistics and Maritime, Research and Technology and Corporate Sustainability. The market structure of PETRONAS in this context means how PETRONAS fit into the oligopoly market. I will be discussing the characteristics of an oligopoly market and see how PETRONAS match the characteristics. Just to recap oligopoly is the market structure thats has few producers that produce same type of goods and substitute with each other. Examples of oligopoly are Oil industry which I believe PETRONAS fall under this industry, car industry and cigarette industry. The market is dominated by a few large producers of a homogenous or differentiated product. CHARACTERISTICS OF OLIGOPOLY PETRONAS Type of the product is standardized or differentiated Control over price is limited by mutual interdependence, or it is considerable with collusion Conditions of entry has significant obstacles Non-price competition is typically a great deal with product differentiation. The table above clearly shows that indeed PETRONAS fit into the oligopoly market structure as it fulfils most of the oligopoly characteristics. THE MAJOR PLAYERS OF PETRONAS Petroliam Nasional Berhad  (PETRONAS) is 100% owned by Government of Malaysia via Minister of Finance (Inc.). THE CURRENT TRENDS OF PETRONAS Petronas have gained unique skill and proficiency in nation building and this, together with their technical and operational competencies have allowed it to be increasingly accepted as the preferred strategic partner by international companies and the congregation countries where Petronas operate. This really suggests that Petronas is realizing their vision of becoming a Leading Oil and Gas Multinational of Choice. Petronas has transformed from a domestic-based national oil company into a fully integrated oil and gas multinational corporation and as a corporation it has experienced significant milestones. Below are just some of the highlights of the different years. Year Achievements 2006 Signed a joint concession agreement for the North Sidi Kirir Deep offshore exploration block in the Nile Delta, Egypt. 2007 Increased its equity holding in the APA Group to become the single largest shareholder in one of Australias biggest energy transmission and Distribution Company. 2008 Signed the main principles towards a new PSC with ExxonMobil Exploration and Production Malaysia Inc and PETRONAS Carigali Sdn Bhd that would allow the two PSC partners to continue their upstream participation in seven oil fields offshore Peninsular Malaysia. 2009 PETRONAS Dagangan Berhad marked its first biodiesel (B5) delivery to Ministry of Defense (MINDEF) and Dewan Bandaraya Kuala Lumpur (DBKL), an initiative in support of the Malaysian Biofuel Industry Act 2007. PETRONAS Australia Pty Ltd increased its equity holding to 17.23% in the APA Group, making it the single largest shareholder in Australias leading gas transmission and Distribution Company. (Table 1: achievements of Petronas between 2006 and 2009, source: www.petronas.com ) What can be concluded from the above table is that PETRONAS is going places; its market is growing tremendously and there is no doubt that it is not shrinking. PETRONAS have expanded its market to over 30 countries around the world. It has been accepted as the strategic partners by those countries that they are developing their petroleum industry. HOW DOES TECHNOLOGY AFFECT PETRONAS Today we live in a world that is controlled by technology. Almost everything that is done there should be technology included in the process. Petronas as well is significantly being affected by the technological changes that are currently happening worldwide. Looking upon the globalization practices that PETRONAS are currently undertaking, technology is affecting this whole process of the organization. When Petronas is producing using technology, production will be more efficient and that will result in supply being increased. That means due to the advance in technology the supply curve for PETRONAS will increase. Price P 2 P 1 Q 2 Q1 Quantity supplied Diagram 1: how technological changes affect the supply of Petronas However, technology is not the only factor of production existing in the producers plant. There exist more complex interrelationships between these factors to be able to exploit the improved efficiency of one. The most crucial of all is governing human resources. Without proper guidance from the leaders of a firm, production efficiency will not hold because of resistance, de-motivation or just a plain technological ignorance. Technology is not 100% automated and human intervention as well as errors is inevitable. Moreover, technology may also be intended for a specific segment of the industry, say, large corporations. As such, aggregate supply may not necessarily increase because small entrepreneurs who cannot afford to buy the technology cannot contribute in increasing supply. PETRONAS ADVERTISING STRATERGIES PETRONAS just like any company it needs to draw its business to its potential customers so as such there are certain advertising ways that they use to reach out to its customers and the country as a whole. The advertising strategy that PETRONAS has used is a heart strings commercials, (which of course is advertising using the television as the type of media), this means that PETRONAS has used commercials that often create an emotional ambience that draws you to the advertisement and makes you feel great and or so sad. Normally people are more attracted by products that make them feel good or even sad in some cases. PETRONAS has used one of its commercial the PETRONAS Advertisement: Raya 2006 that has touched so many and the video was uploaded on you tube. Even people who watch a lot of PETRONAS advertisements have said that they enjoy watching them and they are always eager for the new advertisements. Petronas also make commercials for every festival that are always happening in Mala ysia example could be of the 49th  Merdeka  Day. The other way that PETRONAS use to advertise is through billboards and newspapers. For billboards as you drive along the road you will find huge boards advertising PETRONAS and by such somebody can come to know about PETRONAS through this way. COLLABORATIONS WITH OTHER MARKETS Petronas is collaborating with some markets and this makes PETRONAS more popular among other markets that they are interacting with. EDUCATION PETRONAS recognize the value of education and it believes that it can develop human capability through education. As such Petronas is collaborating with the education sector in the form of awarding sponsorship loans to local and international students. The Petronas unit that is responsible for handling education matters is called the Education Sponsorship Unit. The sponsorship is in the form of convertible loan. Based on the academic results, co-curricular activities, the family back ground and the assessment of the students personality PETRONAS just dont give out sponsorship but it has criteria that students should meet. PETRONAS has 6 human and capital development programs in Malaysia and abroad. These programs are Educational Training Institutions: In this program Petronas provide world-class educational and training services to people and the nation through the various institutions they have established such as University Technology PETRONAS (UTP), Academy Laut Malaysia, (ALAM )PETRONAS Management Sdn Bhd (PERMATA) and Institute Technology Petroleum PETRONAS (INSTEP). Education Sponsorship Unit: This is the unit that is responsible for handling education matters. PETRONAS e-learning: control the latest information and communication technology (ICT) to provide online training and development programs for Petronas employees. It also offers a wide range of online learning materials, online courses as well as services including eLearning courseware and portal development, designed for professionals. Petrosains: This interactive Science Discovery Centre that encourages the Malaysian public to learn more about science, and explore the infinite possibilities it offers. Schools Outreach: this is a program where PETRONAS outreach for certain schools and invests a considerable effort and resources into education-based outreach activities to inspire and develop the community. Industrial Training: this is the program in which PETRONAS grant students opportunities to partake structured Industrial training. Students that have awarded the sponsorship after they finish their tertiary studies have their convertible loans converted into full scholarship. These students have a binding contract with Petronas that after they finish school they work for the company for two years and for every year they are sponsored. MOTORSPORT Petronas was one of the main sponsors of the BMW Sauber formula one team and it provides fuel and lubricant to the team. Lately last year it was confirmed that it was moving from BMW to the newly-formed Mercedes Grand Prix. Also it is the main sponsor of the Malaysian Grand Prix and the co-sponsors of the Chinese Grand Prix. As part of its corporate social responsibility program, Petronas also brings underprivileged children to watch the race. CONCLUSION AND RECOMMENDATIONS CONCLUSION PETRONAS is a company which falls under the oligopoly type of market structures. Wholly owned by the government, PETRONAS is the countrys one of the company that provide petroleum and gas for the country. PETRONAS from its previous years it has been growing nationwide and worldwide as it has some of its products being used in other countries even outside Asia and as far as Egypt in Africa. It is making a whole lot of profits from its products and as such the country benefits a lot from it. PETRONAS does not only care for the production of petroleum and gas but also collaborate with other markets such as education and provide sponsorship loans to those students which need them. PETRONAS also have established various institutions as their main aim is to enrich the nation with quality education. PETRONAS also participate in somehow entertainment market as it is one of the main sponsors of the newly-formed Mercedes Grand Prix and also main sponsor of the Malaysian Grand Prix. RECOMMENDATIONS As PETRONAS is wholly owned by the government and it has been the company that the government has been focusing on, I recommend that it merge with other energy company which is Tenaga Nasional Berhad. If the government for the next decade focuses on Biomass, PETRONAS should merge with companies such as Sime Derby which was recognized as the biomass champion, as I believe this effort coupled with reengineering technology, will reap a sustainable company that will have a good impact for both energy and food sector in Malaysia.