Internal And An External Situational Analysis On The...

This analysis will provide an internal and an external situational analysis on the company’s environment. It will also look at the strengths, weaknesses, competition and opportunities for the company in the future. The analysis will touch on the different units within the company such as morning foods, health and wellness, frozen, and snack items to determine if marketing can be established in increase sales overall for the company. . Analysis of Kellogg Company Kellogg is the top producer of cereals and snacks. It is based in Battle Creek, MI. Kellogg operates locations globally and is in markets worldwide. Kellogg produce a wide range of cereal products, frozen breakfast items, pop tarts, a health and wellness line, and snack items that including the Keebler line of cookies (Forbes, 2016). In the last decade, the company has been declining in sales due to competition, the busy lifestyles of consumers who tastes are changing, who are short on time, and want breakfast on the run. Innovation has also suffered as the company is relying on existing products and promotions to steady sales. Situational Analysis of Internal Environment Kellogg has developed a Growth Plan that reaches into 2020 that is being implemented throughout the whole organization. The strategy is to build on 4 main ideas. Win in the breakfast market, become the best company for snacks, double the efforts in emerging markets, and win customers in the retail market. Kellogg’s marketingShow MoreRelatedBusiness Management And The Future Business Model1698 Words   |  7 PagesBusiness management can be considered a system of economic analysis of the company. Therefore, the strategy of operation and development of any enterprise is impossible without competent use of principles, methods, forms and techniques of governance. Creation and organization of ideas are the main factors affecting the quality and viability of the future business model. 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The Role Of Mergers And Acquisitions For The Financial Performance Of Santander Finance Essay - Free Essay Example

Sample details Pages: 8 Words: 2545 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Mergers and acquisitions are a means of entry into a given market by the firm. The first wave of mergers and acquisitions began in 1897 and ended in 1905 with many small firms being transformed into large organizations. Other waves of mergers and acquisitions followed with the last wave (fifth wave) being realized in the 1990s. Don’t waste time! Our writers will create an original "The Role Of Mergers And Acquisitions For The Financial Performance Of Santander Finance Essay" essay for you Create order Many organizations including banks have used this method to venture into other international markets. Since its establishment, the Santander Group has realized increased growth and performance through cross border mergers and acquisitions. The most common from of mergers in the banking industry is the horizontal integration. When the merging companies have different loan structures credit risk strategies, the post merger performance of the company is high. Table of Contents 3 Introduction 4 Literature Review 4 Mergers and Acquisition 4 Recent History of Mergers and Acquisitions 7 Empirical Support 9 Efficiency ratios 10 Return on Assets ratios 11 Gross Profit Margin 12 Return on Earnings 12 BIS Ratio 13 Non-Performing Loans Ratio 14 Non-Performing Loans Coverage Ratio 14 Conclusion 15 References 17 Introduction Integration in a given firm and/or industry refers to the process of organizing production based on organizational unification as well as technology of different production processes. The management of any given firm should employ a method of integration which offers the specific company technological efficiency. A firm is said to be technologically efficient if it produces a certain quantity of output by employing the lowest amount of production factors and / or inputs. Integration method employed should also offer a given firm economic efficiency. Economic efficiency is the ability of a given company to produce a specific output level using the lowest possible costs. Production can be organized in three different ways (Craig and Campbell, 2005, p. 114). This study examines the impact of mergers and acquisition on the performance of Santander Group of banks between 2002 and 2010. Literature Review Mergers and Acquisition According to Rajeev and Yun (2009, p. 3), diversification is the process through which an organization enters new processes of business in the market with the possibility of manufacturing new products. Mergers and acquisitions are a form of entry that a firm may use to enter a market. Many firms in the financial industry have utilized this means to enter new markets. Mergers and acquisitions can take the form of vertical integration, horizontal integration or conglomerates. Horizontal integration is a form of integration in which firms combine at the same stage of production. Ison and Griffiths (2001, p. 75) note that horizontal integration may help a certain company to increase their share value. Firms that undertake horizontal integration do benefit from economies of scale that result from capacity expansion, technical economies of scale, social economies of scale, financial economies of scale, marketing and managerial economies of scale. Vertical integration is the ability of the firm to own subsidiaries downstream and upstream it line of production. Vertical mergers involve backward and forward linkages in an industry. Backward vertical integration occurs when firms merge or acquire subsidiaries that supply it inputs. Firms that undertake vertical integration realize reduced transaction costs hence increased profitability. Conglomerate integration occurs when an enterprise combines with other companies, which operate in different line of production. Companies Conglomerate to diversify their portfolio and hence spread the risk. These types of diversification are not common in the banking and financial industry. The most common types of mergers and acquisition in the banking industry are horizontal diversification where banks merge with other banks in other countries. Financial institutions such as banks do diversify through mergers and acquisitions because of many reasons. Banks can diversify with the aim of increasing their financial performance, exploiting the available business opportunities or other reasons. According to Shimizu, et al. (2004, p. 341), financial institutions may be influenced by the profit that their competitors are making in the global industry to engage in mergers and acquisitions. Diversification in form of mergers and acquisitions can enable banks to exploit many opportunities in the global economy. For instance, the advance in technology has enabled firms to be managed from different places cheaply. Therefore, banks can undertake mergers due to the ability to management subsidiaries from far. Other reasons for mergers and acquisitions include ability for growth, need to reduce operating costs and increased competition in domestic market. In a study conducted by Badreldin Kalhoefer (2009, p. 5), it was established that banks that participated in mergers and acquisitions increased their financial performance. Despite these findings, the study also established that integration is costly when integrati ng firms have dissimilar terms of loans and size strategies among other factors. According to Altunbas Marques (2008, p. 15) the ability of a strategic fit is an important element in determining the success of mergers and acquisitions in terms of performance. It is important that merging banks have similarities in their balance sheets. A survey by Altunbas Marques (2008) to measure the importance of strategic similarities in mergers and acquisitions indicates that the size of the bank is important in determining the post merger performance of the bank. A large size for a domestic merger compared to the size of the bidder results in lower post merger performance. However, for cross border mergers, a large size for the target firm is important because it results in high post merger performance for the bank. Empirical literature indicates that a high pre-merger return on capital has a negative effect on the performance of the bank after the merger both for domestic mergers and cro ss border mergers. Therefore, banks that perform well before the merger may not be able to improve their performance after merging because their base rate of performance was initially high. The analysis of efficiency of banks measured in terms of cost to income ratio indicates that they are counter productive in performance perspective. This is due to the difficulties that banks face in integrating the different their cost structures that are different in the short term. According to Altunbas Marques (2008, p. 17), the differences in capital structure between the merging banks enhances the post merger performance. Capital structure differences for cross border merger is useful at low performance levels. It is difficult for banks involve din cross border mergers to integrate institutions with capital structure that are different. Return on earnings (ROE) is usually positive after mergers. Recent History of Mergers and Acquisitions There are five merger waves with the fifth having occurred from the 1990s. The first merger wave occurred between 1897 and 1904. This fist merger was characterized by the transformation of firms from small firms to large dominant corporations. The first wave occurred about ten years after passing the Sherman antitrust act. The courts had a difficult time in interpreting the act leading to lack of antitrust enforcement. However, the situation changed in 1914 when the Federal Trade Commission was established. The second wave of mergers occurred between 1916 and the first economic down turn in 1929. Horizontal integration was very common during this phase leading to increased oligopolies. The phase ended with the market downturn. The third wave of mergers was witnessed between 1965 and 1969. The phase witnessed conglomerate acquisitions that were witnessed because organizations wanted to expand but were limited by antitrust laws. The fourth wave of mergers was witnessed in the 1980 s while the fifth was realized in the 1990s. All of the merger and acquisition waves happened during periods of economic expansion while they ended during period of economic slump. The current conditions for mergers and acquisitions are still the same. However, there are challenges that affect the merging firms. Firms have mismatch in expectations. As one firm may expect the valuation of the firm after a merger to rise, the other may be expecting the valuation to decrease. The business environment is still risky and raising enough capital for carrying out mergers and acquisitions is challenging. Since financial institutions are valued highly, raising enough capital for acquisition of a given company is challenging. Major legal challenges facing mergers and acquisition in the world today are issues related to regulation, tax liabilities and guidelines to pricing. Santander Group has always utilized mergers and acquisitions to exploit the existing opportunities in the banking in dustry throughout the world. The recent history of Santander group mergers and acquisitions include the acquisition of Banco Santiago in 2002, acquisition of Italian consumer finance company in 2003, Abbey National bank in 2004 and a merger with Sovereign Bancorp in 2005. In 2007, the bank merged with Fortis SA/NV and The Royal Bank of Scotland Group plc to acquire ABNAMRO Holdings. In 2008, the bank bought British mortgage bank Alliance and Leicester plc. The bank was also nationalized in Venezuela in 2008. As the effects of the global economic crisis was being felt over the world, the bank managed to acquire some insolvent banks such as Bradford Bingleys client deposits (Banco Santander, 2010). In 2009, the bank sold part of its Brazilian unit while in 2010 the bank bought back 24.9% of Santander Mexico from the Bank of America. From all these mergers and acquisitions, the bank exploited banking and business opportunities in different countries. The long-term performance of th e stock of the bank has been good since 2002 to 2010. The performance of the stock of the company as indicated in the graph below shows that the stock of the bank performed well until the year 2009 when the stock price decreased. It seem that the stock price of the bank is improves when the merger has a positive impact on the performance of the bank and decreases when the bank performance is poor. This is the reason for the low fluctuations in the stock price. However, the large decrease in the share price in 2009 can be attributed to the global economic crisis rather than mergers and acquisitions. Source: London Stock Exchange Empirical Support Mergers have always led to better performance of involved companies. According to Altunbas Marques (2008), banks that diversify through mergers and acquisitions usually perform better. Empirical evidence from Santander Group corresponds to these findings from past studies. To prove the impact of mergers and acquisitions to the performance of banks, this study will analyze five ratios from the bank. Efficiency ratios The efficiency ratios indicate the level of receivable in an organization, the repayment period, equity usage and the use of machines and inventory in the bank. The Santander Group has been involved in many mergers over a period. Since 2002-2009, the bank has realized fluctuating efficiency even after mergers and acquisitions. From the table below, the efficiency of the Santander group has been fluctuating over years. Efficiency of the bank decreased consecutively since 2002 from 52.28 to 47.44 in 2004. However, efficiency of the bank began to increase again in 2005 after the Santander Group merged with a U.S. bank Sovereign Bancorp. However, the subsequent mergers and acquisition that were made by the bank did not improve the efficiency further, but led to its gradual decrease from 52.82 in 2005 to 41.7 in 2009. Fig 1 Year / ratio 2002 2003 2004 2005 2006 2007 2008 2009 Efficiency 52.28 49.34 47.44 52.82 48.53 45.5 44.6 41.7 ROA 0.81 095 1.02 0.91 1.0 0.98 0.96 0.86 ROE 12.42 14.48 15.98 16.64 18.54 19.61 17.07 13.90 BIS ratio 12.64 12.43 13.01 12.94 12.49 12.7 13.3 14.2 Non performing loans ratio 1.89 1.55 1.05 1.89 0.78 0.95 2.04 3.24 NPL Coverage 139.94 165.19 165.59 182.02 187.23 151 91 75 Gross profit margin 3.41 3.31 1.95 2.04 2.17 2.52 2.95 3.36 Table 1 Return on Assets ratios The return on assets ratio indicates the profitability of the bank when compared to the assets of the firm. Fig 2 The return on assets ratio indicates that initial mergers made by the bank in 2002 and 2003 led to increased performance of the bank. The return on assets increased from 0.81 in 2002 to 1.02 in 2004. However, the merger of the bank in 2004 led to reduced performance in 2005 as is indicated by reduced return on assets. The ratio rose to 1.0 in 2006 and then declined again gradually to 0.86 in 2009. Gross Profit Margin The gross profit margin indicates the profitability of an organization. The gross profit margin of Santander as indicated in table 1 fluctuated for the eighth years between 2002 and 2010. The ratio fell from 3.41 in financial year 2002 to a low of 1.95 in 2004 and began to rise again to a high of 3.36 in 2009. The fall and rise in the ratio indicates that initial mergers did not help in improving the profit of the company. However, subsequent mergers helped the company improve its profit. Return on Earnings This ratio measures the income that the bank realizes on invested shareholdersà ¢ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢ equity. Fig. 3 below provides the return on equity ratio for Santander Group since the year 2002. From the figure, it is clear that the mergers and acquisitions that the bank made led to the increase in performance that in turn led to increased return on investorsà ¢ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¡Ãƒâ€šÃ‚ ¬ÃƒÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢ equity. Return on equity rose from 12.42 in 2002 to 19.61 in 2007 before declining to 13.9 in 2009. The increase in the ratio can be attributed to the mergers made by the bank during the period 2002 to 2006. Fig 3 BIS Ratio The solvency of a given financial institution such as bank is given by the BIS ratio. The ratio provides the capital of the bank that is risk bearing and the risk weighted assets. The BIS ratio is an international standard that measures the stability assets and capital of internationalizing banks. The ratio maintains a balance between assets and capital. Fig 4 The BIS ratio for Santander Group decreased from 12.64 in 2002 to 12.43 in 2003 before increasing to 13.01 in 2004. The ratio then continues to increase in subsequent years reaching a high of 14.2 in 2009. This indicates that although some mergers led to the decrease in the solvency of the bank, later mergers and acquisitions that were conducted by the bank led to increased solvency of the bank by increasing its capital adequacy. Non-Performing Loans Ratio This ratio measures the level where loans are at default due to lack of performance. The ratio for the Santander group fluctuated over time. It initially reduced from 1.89 in 2002 to 1.05 in 2004 only to increase again to 1.89 in 2005, 0.78 in 2006 and 3.24 in 2009 (see table 1). Non-Performing Loans Coverage Ratio The NPL coverage ratio measures any loss that a bank may realize resulting from loss of non-performing loans. The ratio is calculated by the division of probable non-performing loans by the total non-performing loans of the bank. The NPL coverage ratio of Santander has been improving over years especially since 2002 to 2009. The ratios was 139.94 in 2002 and it kept on improving to as low as 75 in 2009 (see table 1). The reduction in the ratio indicates the positive effect of mergers that have led to reduced loss that the bank could suffer form non-performing loans. Conclusion Santander Group bank has been involved in various mergers and acquisitions as outlined in the study. In all the mergers, the bank sought to exploit the available opportunities in the business environment in the banking industry. although some barriers such as insufficient capital has affected the merging and acquisitions of the bank leading to the sale of some of its subsidiaries, the group has always managed to come back and merge with other banks. The above ratio analysis indicates that mergers and acquisition of Santander Group had some effect on the performance of the bank. Santander Group has been involved in a number of mergers and acquisitions that have led to improved financial performance of the bank. Just as the literature review indicated that mergers and acquisition could lead to improved performance of the firm, the empirical findings of Santander group confirmed the findings. The ratios analysis indicated that not all mergers could improve the financial performance of the bank. While some mergers led to improved profitability performance that is designated by increased ROE, ROA and solvency, some mergers can lead to reduced performance indicated by fluctuating efficiency. In conclusion, mergers and acquisition lead to improved performance of an organization. Total word count 2685 (not including page 1 cover page).

Religion And Its Effect On Society - 1627 Words

Religion is a structured group of culture, beliefs, views that are related to humanity. These beliefs include the universe, human nature, laws of religion, lifestyles, and people derive morality. Religion studies and analyzes its concept, terms, arguments and practices. Religion affects our society in numerous ways, both can be in a good and bad way. With the different kinds of religion, one can choose which religion they should follow based on what they personally believe. In our country’s society, we respectfully allow people to practice on their religious beliefs even though some countries do not allow people to have freedom on what religion they choose. However, religion affects our society in positive and negative ways. We have so much freedom which our country gave us that religion can occasionally cause a conflict in our society. Some branches in religion can cause huge conflicts and arguments in our society because they do not get fair treatment unlike the others. Som e of these examples of arguments that affect our society that I want to discuss in this essay include the controversial debate on abortion, rules in regard to dressing and how they dress, their food preferences, terrorism, and marriages. Mostly these arguments are a result of people who are ignorant, close minded, and have views that are different from others. If people respect each other’s views and beliefs, the positive aspects may exceed the negative aspects. I chose this topic because religion isShow MoreRelatedReligion And Its Effect On Society Essay1183 Words   |  5 PagesReligion kills. It seems like such a disgusting sentence. It seems to turn up the noses of any creed, and uttering the phrase itself can lead to some intense, spiteful fears. Why is this? Perhaps the reason is the statement truly is a heinous word because everyone should follow the same faith. That solution provides no satisfaction. 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Robots Will Be Efficient Enough To Carry Out Multiple Tasks At Once

Question: Discuss About Robots Efficient Enough To Carry Out Multiple Tasks At Once? Answer: Introduction The case study is associated with a small scale Artificial Intelligence company that is based out of Brisbane, Australia. Innovation is a key element that distinguishes the organizations from each other and it is extremely essential to make sure that the organizations incorporate the element of innovation in their business activities and operations. The company in this case has taken a step forward to make use of robotics technology in its business activities that are related to mining, transportation and manufacturing. There will be a number of advantages and changes that will emerge with the adaptation of robotics technology in the business. There are several industries and organizations along with the individual users that are acquiring robots to accomplish the daily activities and jobs. There are several aspects that are related to robotics and use of robots in terms of their advantages, risks, applications and many more. The primary purpose of the report is to understand the use and application of robotics in association with the organization stated in the case study. The demands and requirements vary from one organization to the other and it is necessary to analyze the specific needs before moving on to the next step. It is therefore aimed to carry out an in-depth analysis on robotics and its applications for the organization and the domains that it deals with. The objective of the report is to highlight the advantages and list out the applicable robot types that may be implemented in the organization. Also, the risks that are associated in terms of security and ethics have also been covered in the report. Robotics Robotics is a branch of engineering and science that deals with the design, construction, development along with the application and deployment of robots as per the requirements of the application. There are several industries and organizations along with the individual users that are acquiring robots to accomplish the daily activities and jobs. Robots are nothing but the machines that are designed and constructed in such a manner that they can perform specific tasks and activities as per the programs and codes that are fed in to the machine. These are the automated machines that are mostly regulated and operated with the aid of a computer system or an application. There are several purposes that robots are designed as per the requirement and there are several categories and types of robots that are present. It depends upon the need of the user or the organization to choose from the robot category or type. Current Use Applicable Robot Types for the Organization The organization that has been included in the case study primarily deals in to three domains as mining, transportation and manufacturing. There are various operations that are involved in each of these three areas and robots will introduce enhanced automation in the tasks and activities. For instance, one of the robot types that will be applicable for this case will be mining robots. These robots will be efficient to perform the following tasks and more. Excavation activities will be easily carried out by the robots Detection of gases, minerals and other elements will be carried out by the mining robots There are several risks that are associated to human life and body in case of mining operations. Mining robots can be designed in such a manner that they can detect these risks and alert the human. Scanning of the abandoned mines and many of such unexplored areas may also be carried out. Similarly in case of transportation related activities, robots will be highly applicable and these transportation robots will carry out the following tasks and more. Advanced operations in automobiles and transportation engineering for risk management. Improvement of reliability of the vehicles by inclusion of crash avoidance systems and likewise (Koliubin, 2016). Sensor robots in the robots for prevention against the accidents and crashes. Use of robots in the maintenance of the vehicles. Manufacturing is one of the prime applications of the organization and robotics will find many uses in the area of manufacturing as well. Use of robots in the supply chain processes such as sorting through the incoming and outgoing packages, placement of the packages on the designated shelves, shipment of containers and likewise. Lifting of heavy objects and their placement on the desired location (Robinson, 2015). Organization and cleaning of the manufacturing area or location. Short Term Long Term Operations for the Organization The organization is already making use of Artificial Intelligence in its business operations and activities. For the short term operations, there shall be a detailed plan and a strategy that must be designed to understand the needs and application areas of robotics in association with the organization. Once the planning and analysis phases are completed, there shall be implementation of the robots in the non-critical areas for testing their performance and activities. These areas shall include robots for cleaning in manufacturing areas, robots for excavation activities in the mining operations along with the crash detection systems for the low intensity crashes. Once the performance of the robots is found considerable and satisfactory in these areas, there shall be a long term plan that shall be designed and implemented for their implementation in enhanced number of operations (Romero, Lozano-Guzmn, Betanzo-Quezada, Lpez-Cajn, 2014). The long term operations associated with the organization shall include the critical areas and critical operations in the field of mining, transportation as well as manufacturing. There shall be development and implementation activities carried out for the critical and long terms operations and these shall include the testing activities as well to highlight the associated defects and deviations. Advantages of Including Robotics There will be a number of advantages that will result out with the implementation of robotics in the organization. The overall production costs that will be associated with the organization will come down with the aid of a quick ROI that will overcome the initial cost of set up. Production will increase with the increase in the throughput speed. Also, there will be no involvement of breaks or vacations associated with the robots which will also reduce the cycle time that will be associated with the operations. It is necessary for any of the operations in mining, transportation and manufacturing activities to have high quality along with enhanced reliability. The precision that will be involved with the use of robots will be high every single time which will improve the quality. Also, in every repeated cycle, the specifications will be kept the same which will lead to reliable results (Soffar, 2016). Process flow will become more efficient as there will be a better utilization of the floor space available with the organization. Waste reduction and better waste management will be achieved as robots can be designed accordingly. The organization will be able to attract more number of customers as the quality and reliability of the operations will improve and there will be faster production and processing involved. There are many risks involved with the mining operations and other activities that are carried out in the domain areas of the organization. The workplace safety will improve with the involvement of robots. Robots will be efficient enough to carry out multiple tasks at once. Also, there can be simultaneous activities carried out with the aid of robots. Disadvantages of Including Robotics There will also be certain disadvantages that will be associated with the use and application of robots in the organization. The initial investment that will be required for the setup along with the cost of tools and equipment will be considerably high. It will be necessary for the organization to design the budget accordingly and have the expenses ready for the share. It is not certain that the use and involvement of robots in the organization will guarantee positive results. It might result in heavy losses for the organization if there is a lack of proper planning. Human intervention will be necessary for the activities such as tracking and monitoring of the robots. There will be training required for the same to make sure that the functionalities of the robots are understood (Granta, 2017). In case of a breakdown of failure of a robot, it may take a lot of time to repair the same. Also, the entire production line may get impacted because of it which would lead to sever losses for the company. Robots may be designed to minimize the waste associated with the raw materials and other operational activities. However, these machines will add up to the electronic waste that is becoming extremely difficult to manage in the present times. The organization will also contribute towards the same by making use of robots in its architecture. Robots are not the entities that follow the principle of design once and use forever. At the end of the day, these are the machines that will demand maintenance after a certain period of time. There will be maintenance costs that will be involved and there will also be human effort demanded in the same. Ethical, Social Legal Considerations Robots are the machines that are designed by humans for fulfillment of a particular task or an activity. There are several considerations that are associated with robotics in terms of ethics, social and legal considerations. The information that will be associated with the organization in the case study will be critical and sensitive irrespective of the domain area. The robots that will be designed for the organization may or may not have the security mechanisms installed to deal with the security of the information (Economist, 2012). The robots that will be designed for the fulfillment of the activities in the organization will lead to the replacement of the jobs which earlier employed human resources. There are huge numbers of employees that are engaged with the organization that carry out the activities such as placement of the packages in the shelves along with their arrangement, cleaning etc. Human resources also carry out several activities in the domain areas as mining and transportation. These job opportunities and job areas will slip out of the hands of the human resources with the development and implementation of robots (Hammond, 2016). The robots that will be designed for the organization will be designed as per the algorithms and the set patterns. In case of an uncertainty or a risk situation that has not been estimated earlier, there may be a situation of artificial study. The robots will be clueless about the steps that shall be taken and will not be able to make decisions without the intervention of human resources. Such a situation may lead to the emergence of many risks (Nature, 2015). There may also be malicious entities that may be involved with the organization that may design and implement a robot with the patterns that may lead to damage of the organization. Such robots will be specifically designed to cause harm to any of the organization components which will lead to compromise of the security and may also cause some of the legal obligations as well. Technology is developing and advancing itself with each passing day. In the present scenario, it is not a possibility that the robots may behave, think and emote like a human. It works only on the set patterns and algorithms that are designed and implemented in it. However, in near future, it is a possibility that the robots can be developed with human emotions and expressions installed and built inside them. In such cases, there may be situations of extremes that may come up which may become extremely difficult to manage and handle (Bok, 2012). Currently, there is no law that has been created around robotics for their management and developed. However, with the expansion of the technology and increase in the use of robots, there may be a necessity of development of a law for handling the robots (Liu, 2012). These ethical, social and legal considerations will be significant for the organization as the primary aim of the organization is to serve the customers in a better way. In case of emergence of any of the issues around these areas, there will be difficulty in achieving the goals (Mir-Nasiri, Hussaini, 2005). Conclusion Robots are the machines that are designed by humans for fulfillment of a particular task or an activity. Robotics is associated with the design, construction, development of the robots along with their application and deployment according to the needs and requirements. There are several industries and organizations along with the individual users that are acquiring robots to accomplish the daily activities and jobs. There are several aspects that are related to robotics and use of robots in terms of their advantages, risks, applications and many more. The organization that has been included in the case study primarily deals in to three domains as mining, transportation and manufacturing. There are various operations that are involved in each of these three areas and robots will introduce enhanced automation in the tasks and activities. It is necessary for any of the operations in mining, transportation and manufacturing activities to have high quality along with enhanced reliability. The precision that will be involved with the use of robots will be high every single time which will improve the quality. Also, in every repeated cycle, the specifications will be kept the same which will lead to reliable results. There will be many advantages that will be offered in terms of production cycles as well along with the disadvantages in terms of the set up costs and maintenance work. There are several considerations that are associated with robotics in terms of ethics, social and legal considerations. There will many ethical, social and legal considerations that will be significant for the organization as the primary aim of the organization is to serve the customers in a better way. In case of emergence of any of the issues around these areas, there will be difficulty in achieving the goals. Recommendations It would be necessary for the organization to make sure that a detailed planning and analysis is carried out before the types of the robots are identified and are developed for use in the organization. There shall be a detailed plan and a strategy that must be designed to understand the needs and application areas of robotics in association with the organization. Once the planning and analysis phases are completed, there shall be implementation of the robots in the non-critical areas for testing their performance and activities. These areas shall include robots for cleaning in manufacturing areas, robots for excavation activities in the mining operations along with the crash detection systems for the low intensity crashes. Once the performance of the robots is found considerable and satisfactory in these areas, there shall be a long term plan that shall be designed and implemented for their implementation in enhanced number of operations. The long term operations associated with the organization shall include the critical areas and critical operations in the field of mining, transportation as well as manufacturing. There shall be development and implementation activities carried out for the critical and long terms operations and these shall include the testing activities as well to highlight the associated defects and deviations (Ahn, 2012). References Ahn, H. (2012). A Framework-Based Approach for Fault-Tolerant Service Robots. International Journal Of Advanced Robotic Systems, 1. https://dx.doi.org/10.5772/54023 Bok, M. (2012). On the Robot Singularity: A Novel Geometric Approach. International Journal Of Advanced Robotic Systems, 1. https://dx.doi.org/10.5772/53779 Economist. (2012). Morals and the machine. The Economist. Retrieved 9 May 2017, from https://www.economist.com/node/21556234 Granta. (2017). Advantages and Disadvantages of Industrial Robots | Granta Automation. Granta-automation.co.uk. 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