Alexander The Great Essay -- essays research papers

Alexander The Great was one of the greatest emperors and leaders of the world. In fact, he was the only emperor to be called, "The Great." He had studied under a great Greek Philosopher, Aristotle, who taught Alexander literature, science, medicine, philosophy and to speak and write well. Alexander was the son of Philip of Macedonia. Philip became king of Macedonia in 359 B.C., but died in 336 B.C. He left his kingdom to Alexander. Alexander ruled for only thirteen years but he succeeded far beyond what his father had planned. After his father's death in 336 B.C., Alexander became king of Macedonia. He strengthened his claim of king by quickly stopping revolts by Athens, which tried to break away from Macedonia, by destroying the city of Thebes, and by defeating neighboring lan...

Employee Motivation and Effective Job Performance Essay -- Positive, N

â€Å"It seems that the ethos of â€Å"shared sacrifice† evoked by this past generation has gone by the wayside. In place of the Greatest Generation, we are now in the midst of what might be termed the â€Å"greediest generation,† whose hallmark include an insatiable appetite for the trappings of status and wealth† (Monheit, 2010, p.272). Studies show how effective upbringing can influence the independence of an individual and the roles these characteristics play throughout adulthood (Lekes, Gingras, Phillippe, Koestner & Fang, 2009). In addition to providing structure, consistent rewards and punishments must exist to reinforce that behavior. These traits learned throughout adolescence are detrimental for managers in determining employee motivation methods and effective job performance. For thousands of years, humans have strived for independence. Moses’ people fleeing the Egyptians and Pilgrims escaping Europe’s religious persecution are examples of people seeking freedom from hostile conditions that dampened their free will. For these groups, independence was far from free, the journey was dangerous, but the reward was extraordinary. Their nobility and perseverance is what makes their actions so admirable and memorable hundreds and thousands of years later. Getting something for nothing has not always been the norm, but a learned trait conveyed for many generations. Parental involvement has been linked to a wide variety of outcomes including perceived competence and control according to a study performed by Farkas and Grolnick (2010, p.267). Parental supported child autonomy produce high levels of warmth and involvement along with providing structure, motivation, and persistence (Farkas and Grolnick, 2010, p.266). Structure enables children ... ...e kinds of sacrifices that are essential to promote the common good† (Monheit, 2010, p.272). Receipt of â€Å"something,† whether it be tangible goods or feedback, not contingent on a specific performance will decrease an individual’s motivation and satisfaction as well as future performance (Podaskoff, 2010, p.298). Parents’ influence on adolescents mold the characteristics and behaviors for adulthood. These learned traits are pertinent for managers seeking to validate and administer rewards to reach a specific outcome or goal. With consideration of personality response to feedback, one can determine how rewards not linked to performance can have little effect on the attitudes or behaviors of individuals (Podaskoff, 2010, p.299). People who get something for nothing, become good for nothing through unwarranted honors rewarding unsatisfactory behavior and performance.

A Reaction Paper to the Article “Versioning: a Smart Way to Sell Information” by Carl Shapiro and Hal Varian

â€Å"Information Technology is changing the way companies operate. † Porter, et al. discussed the value of information and how its acquisition, processing, and transmission brought different dimensions of pricing and cost reduction for buyers and sellers around the world. Because information is valuable, diversity in strategies were employed to outperform one business from another. Incorporating IT is not just one way but the best stratagem, so far. IT integration offers wider possibilities on how to facilitate information extensively. Much more opportunities arrived when the web, the greatest source for data transfer and possession began its service through internet. The use of internet has transformed the way information is to be manipulated, acquired, and transferred easily from one user to the next. This concept of transfer became the foundation of businesses to invest more on IT aiming on earning using information shift through the so-called versioning. Versioning is supposed to mean as an upgrade, or a reproduction of an improved copy of product/s. Like books, version or more known as edition defines how valuable a book is judging from reprints it has gone through and the copies sold out from every reprint; and normally the cost of the first edition varies from the value to the strength of requested copies demanded by the public. Digital information versioning however, does not confine to an upgrade only. Because internet has provided several sources of acquiring information, capitalists reengineered the idea of versioning by looking at digital information as valuable goods to sell electronically. The business logic of selling also would not just conform to traditional and manual sides, but also begun pursuing global scale to outrun competitors. This is where strategy comes in. To strategically sell information goods, you need to determine its economic valuable first. According to Shapiro, et al. , there is a distinctive cost structure that first copy is often expensive and subsequent copies become very cheap. We are talking about production costs here – the same perception taken from editions of books also. Because of this, the more information is reproduced, the lower the average of cost production. With the speed of internet aiding the transfer, variable cost of production disappears almost completely. (Shapiro, p 108) Incorporating business strategy has then changed the interpretation of versioning. The basis of its purpose revolves in the possibilities of revenues that it may bring forth to entrepreneurs selling these goods. Now, versioning has several intentions that feature how important information is being sought through the internet. With the correct pricing, customer’s ability to purchase software and downloadable data in the market is determined and assessed. Understanding Strategic Risks in Versioning: A Smarter Way to Sell Digital Goods The objective of versioning is to continuously present an upgrade or development of an earlier adaptation as perceived in the concept of technology innovation which is expounded in the time of its release and use, as presented by International Standard ISO 861. While technology advances, industrialists found a better way of expanding the purpose of versions also. Versioning becomes the idea of goods marketability in the internet. For example, free version is offered for try outs. Most net users are attracted by freeware. The range of website providers is getting larger to offer such promotions. The logic of free version is to offer a â€Å"taste† of the product being sold. These â€Å"teasers† are very common in antivirus software which provides just enough of main service of the item. However, they are also a prelude to buying the higher or upgrade version which provides full service of the merchandise at a certain price. Whether a user will purchase the item remains to be seen on how imperative it is for him to obtain it. AVG 2011 free edition, for instance is antivirus software that offers security components like resident shield, license, identity protection, anti-spyware, email scanner, anti-rootkit, link scanner, update manager, and PC analyzer. After downloading the free edition, the AVG dashboard or dialog box contains an ad pertaining to another type of AVG software that offers larger scope of protection, named AVG Internet Security 2011 and downloading it would mean urchasing at $54. 99 for 1-year subscription. AVG Internet Security 2011 also offers an unlimited and complete virus protection that includes faster scanning (meaning the free version is time-consuming? ), enhanced firewall and system tools support. Taking a tour at their website, another lead does not offer free edition but a regular price of the AVG antivirus at $34. 99, and several other offers like Home Security, Business Secu rity, and Trial versions. Versioning becomes a form of customer and information segmentation. It is easier to classify the customers who need information depending on the coverage (speed, quality, and technical services). The higher the quality and comprehensiveness of a software, the more expensive it becomes and the fewer the chances are of its availability of being downloaded, printed or copied, unless for a biddable price. And so the higher or lower the price a customer is willing to pay for getting the information, the best way of identifying bidder/customers’ â€Å"class†. Categorizing different types of user enable business owners to understand trends, forecast future version launches and expansions that include revenue projectile and cost calculations. Versioning is also business intelligence per se because it is a form of gathering information from customers who reveal how much they are willing to pay for information they sought. Business Intelligence is knowledge about customers, competitors, business partners, competitive environment and internal operations of the organization that gives the ability to make effective important and strategic business decisions. With the knowledge acquired from classes of versions and types of purchases a customer makes, a business can start raising or dropping prices consequently from the analysis that a â€Å"professional† or frequent computer user will value the latest upgrades more than a simple home user. Consequently, once a customer starts bidding or showing interest on a product or information, he/she also willingly gives personal data regarding his work, his contact info (email or phone numbers and sometimes even home addresses) as a form of registration. The truth is the customer’s data goes on into a database as company’s resource for forecast, future product offers and other customer related transactions. While this strategy is good, there is a downbeat side some organizations normally neglect to respond to. For some companies who do not play fair, moral principles are ignored. Whereas, business intelligence through versioning provides competitive edge to the company, the method of acquiring data from customers can sometimes cross the line. The transfer and receipt of information becomes the means of spreading spywares, malwares and adware that are damaging to users and other companies. Whether it may appear harmless to include spoofing (forging of the return address on an email), and key loggers (Trojan horse that records every keystroke and mouse click) as a means to understand their customers better, it is a malicious form of invasion of privacy of an individual – a crime that is also often not apprehended because of the broadness of the scope of the internet. Crossing the lines could lead to mistrust of customers and future clients further damaging the reputation of the establishment. Malwares that are incorporated to version download sometimes cannot be entirely blamed to the organization who seeks competitive advantage. Internet is full of hackers, either a participant of the rival or simply an individual who enjoys making pranks to others. An unprotected website can be easily hacked and integrate viruses to the system even with the assurance of the host’s protection. Ensuring that the website is protected from getting data stolen and damaged can preserve company integrity. Information goods sellers should also not traverse the code of ethics to gain competitive edge. While seemingly technology reacts positively to the interest of the business, businessmen must hang on to not just building trust with their customers but also protecting the trust given to them so as to build long-lasting customer relationships with them. On the other hand, versioning can either upgrade or downgrade the quality impression of information goods, too. While free version clicks in the market, there are risks on premium quality versions of information goods. Oestreicher-Singer, et al stated that technologically savvy customers especially the non ethical, support-independent advanced users) view digital goods as being of higher value, and possibly as better substitutes than physical goods subjecting digital goods to piracy and therefore affecting the demands of emerging ones. Piracy is the unauthorized reproduction of digital goods under copyright, infringing the holder’s exclusive privileges to his property. It happens â€Å"because the copy of a copy typically does not deteriorate in quality† and â€Å"copying products can become a wide-spread phenomenon – as illustrated by the surge of file-sharing networks. (Peitz, 2003) Piracy usually occurs because â€Å"users try to maximize their expected benefit (utility). † (Ozertan, 2008) Peitz, et al. further concluded that non-authorized copy may either leave the seller’s profit unchanged or reduce it, because of limited supplier’s monopoly to the goods. Then again, versioning with segmentation and monitoring can prevent it from happening by adopting copyright protection and employ resale rights (which offers restrictions on copies and reselling) for every version released. Espousing lower price for premium versions also decreases piracy because it curbs the edge of can’t-afford notion, therefore allowing the user to aim for the original rather than the pirated copy. In terms of free version, it can have unlimited reproduction since it does not restrict a user from copying and transferring it to another user; however in effect provides an excuse for a non ethical independent user to sell it to another user at a higher price and misleading it as a premium/professional version. This type of piracy often strikes on software copy sold as physical goods (CD,DVD copies). Information goods versioning, in order to work effectively should be implemented correctly and according to the output of the company. Variable costs may disappear completely (Shapiro, et al. ) upon the reproduction of copies by the seller, but neglecting the end-user assessment of product related to copyright concerns, piracy control, privacy policies and website security can turn these variable costs into steep costs during loss of goods monopoly, corrupted reputations from unsecured websites, and unethical business practices for incorporating malwares in selling information goods. Even if versioning poses great possibilities of gaining competitive advantage against rivalries, it also carries responsibilities and risks for the vendor during its application. Versioning may be a smarter way of selling online goods, but vendor should be smarter by focusing on the economic structure and welfare of digital goods first and understanding its trends and unpredictability caused by the constant technology enhancement. What might have worked 5 years earlier could not simply work today. Rather, there is a need to induce another strategy with a strategy to make it work, or replace it completely with another. To date, versioning still applies at present, however more techniques arrived in the picture such as viral marketing, affiliate programs, SEO, collaboration and virtual teams, etc that is in fact a result of studied digital goods selling methods years ago.

Kale in Kenya- Ag Issue 2012 Essay

Jonathan King Ag 101 September 16, 2012 Current Issues in Horticulture- Kale in Kenya I am going to go into the Horticultural field and one of the issues facing horticulture today is solving world hunger. Kenya is a nation that mostly lives in poverty, The United States and other countries are trying to help the Kenyan poverty problem by researching different food that can grow there along with trying to improve the food that they already have. A big crop in Kenya is kale because it costs so little to produce and the name sakuma wiki the Kenyan name for kale loosely translated means that it can sustain people throughout the week due to its extreme affordability, particularly for those who earn a dollar and below a day. The kale in Kenya is poor quality and it yields easily to diseases like black rot and leaf spot. Through a collaborative research project investigating the poor quality of kale seeds in parts of Kenya a team found that the best kale plants in Kenya originate from Kinale, a forested region north of Nairobi on the edge of the rift valley. The plants were then took to the Kenya Agricultural Research Institute and propagated to obtain clean, disease-free seed. Five lines of kale were developed and two of them did very well once the seed was tested in different parts. The propagated seed flowered later thus making the crop produce longer and had a better color with a sweeter flavored leaf. By using Horticulture the problem of hunger in Kenya is being addressed by diversifying kale to improve food and nutrition and to improve the economy by making a better plant that people would want to buy and eat.

Impact of Facebook Essay

The purpose of this paper is to introduce, discuss, and analyze the topic of social networking. Specifically it will discuss the impact of the social networking site Facebook on today’s society. Facebook has become a phenomenon for the social networking set, and what makes that so amazing is that Facebook did not even exist until 2004. Three college students created it to allow other students to network and meet each other, and it has caught on with young people around the globe. What impact does Facebook have on today’s technologically advanced society? It allows people who probably never would have met each other in person to communicate, it creates new relationships and friendships, and it places distance between people who could communicate in person but instead choose to communicate online, instead. It is just another element of society that is interested in sharing information with the intimacy of a close, personal relationship. see more:social network and our young generation Facebook is nothing more than a medium for communication, and yet, it is so much more than that. At a glance, a user can learn everything from what gender a Facebook member is, to what religion they believe in, what school they attend, and their likes and dislikes, all with the click of a mouse. One writer notes how popular the site has become in a short time. She writes, â€Å"When Facebook launched in February 2004, American college students seized the opportunity to have a new social medium† (Lingg, 2008). Today, millions of new visitors join the site every year, and people find relatives, old friends, new friends, and much more as they surf the entries of neighbors, acquaintances, and classmates. While many believe Facebook is a new, trendy idea, it is actually based on a Victorian university tradition, the â€Å"Freshman Facebook,† that introduced the incoming class to students through their photographs. A researcher notes, â€Å"Like its relative the yearbook, th e Facebook is a photographic document created by a community for the purpose of visually defining community life† (Miller, 2007). Many colleges and universities still utilize the Facebook, and the web site’s creators based their name and idea on that old college tradition, they just updated it for a younger, hipper, techie audience. However, compared to other social networking sites, like My Space, Facebook is far less chaotic, busy, and difficult to understand. The pages are neat, easy to navigate, and offer the information in an uncluttered, neat site that is pleasant to look at. Facebook’s effect on today’s society is not difficult to distinguish. Of  course, Facebook’s success has spawned numerous other sites geared to specific age groups and demographics. Another writer notes, â€Å"There are social networking sites for musicians, for mountain climbers, and for particular political persuasions. And with each site, a new community emerges that presumably satisfies the community needs that the members of such a site are looking for† (Fabian, 2008). Facebook has changed the way people communicate, connect with each other, and meet, and all of that is done virtually now, instead of in person. Users can share photos, buy and sell items, and spend hours online communicating with friends and acquaintances. It has changed the way people connect and communicate, but its affect on society goes far deeper than that, and it says something about our virtual society. Experts estimate that many people now spend at least 50 percent of their waking time online (Fabian, 2008). For many, a large part of this time is spent in social networking sites like Facebook. People give up huge parts of their privacy when they post their feelings, interests, and ideas online, and society seems to be becoming much more open to this lack of privacy, in fact, the users of Facebook seem to relish it, adding very personal items to their profiles that anyone who becomes their friend can view. This seems to say that our society is much more open now, and much more open to posting intimate information online, but it also is rather anonymous in a way, because users never see, meet, or touch the person they communicate with, and so, even though they know intimate details, they do not really know the person at all. Writer Fabian continues, â€Å"Facebook and My Space are virtual experiences. People are free to be someone they aren’t. Peer review doesn’t exist. You don’t literally touch anyone–not even by a smile, to say nothing of a handshake. No one is accountable to anyone else. And so forth† (Fabian, 2008). Thus, Facebook is kind of a â€Å"fantasy land† where people can make up anything they want to command attention, they can live an alternative life if they choose, and no one is the wiser. The fact that people accept these profiles at face value, and choose people as friends based on these profiles says a lot about our society. For all our worries about information and identity theft, people are still seemingly naive when it comes to sites like Facebook, where they post intimate details with no thoughts to the consequences. Facebook opens up other questions about today’s society, too. These young people who spend so much time online  networking are not networking in person. Will they develop the social and interpers onal skills necessary to compete in their chosen careers when they spend so much time alone, networking? Do they understand the realities of everyday life, and how the â€Å"real† world works, so they can function and be a part of it? Many experts believe not so much. Another writer states, â€Å"And yet, as a generation, Rose notes, many may not have much historical perspective, or understand how say, government or economic systems work (outside of those who learn details as part of a specific academic path), or get the fact that success for most people isn’t instant† (Bielski, 2007). Society is becoming increasingly fast paced, today’s young people expect everything to be delivered at the speed of the Internet, and sites like Facebook only enhance that feeling of instant gratification and success. In addition, Facebook poses another interesting aspect of today’s society – marketing. Many companies are realizing they have a captive audience on Facebook that spends a great amount of time there, and so, they market their businesses on Facebook. The Canadian Royal Bank is just one business cultivating college students on the site, so it is changing the way advertisers market their products online, and even changing the age range of ads online, as well. As more companies reach out to college students and others on social networking sites, advertising in print and television media may reduce or disappear, because advertisers want the most bang for their buck, and much of that audience is now spending increasing amounts of time online. There is also another great implication to today’s society when the membership of My Space and Facebook are compared. A Blogger discusses a white paper a friend of his has written regarding how social status is quite segmented between the two sites. He writes, â€Å"Which posits that well-to-do, stable American teens with ‘good prospects’ end up on Facebook, while poor, queer, marginal and non-white teens end up on My Space (even in the military, grunts are on My Space and officers are on Facebook)† (Doctorow, 2009). The implications for this separation in today’s society is staggering. In a time when it seems that the anonymity of the Internet would foster more coming together and breaking down cultural barriers, it seems that is not the case and the implications for society are clear – Facebook is not fostering change and acceptance, it is still fostering class and societal barriers that keep people apart instead of bringing them together. In conclusion, Facebook on the surface is a socially acceptable networking site for college students and others to connect, share experiences, and meet old friends. It does say some disturbing things about how our society views privacy, personal information, and how our society is adjusting to the age of technology, and it brings into question what a generation of Facebookers will deal with the challenges of the real world in person, like career, family, and success. Facebook is a popular phenomenon that attracts millions of users each year, and allows people to post profiles, communicate with others, and even locate old friends. It is extremely popular with college students, but it is used my any number of people for a variety of reasons. It has some serious implications for our society. People on Facebook rarely meet or interact in person, so they do not develop good interpersonal skills. They spend so much time online, giving out extremely personal and sensitive information, they may not be aware of some of the important aspects of society, such as the government and economics that they will need to understand to become successful in their careers. We use the Internet so much now that some users may expect all of life to respond as quickly as online sites like Facebook, and they may have trouble dealing with the realities of a career that takes time to establish and gain success. In addition, Facebook and other networking sites are helping to build barriers to commonality in society, something extremely disturbing and with long-term effects.

Customers bank Essay

For Businesses to survive they need to rely on customers buying their goods or services sales can also come from other businesses or members of the public. 1) Goods are what are sold to the customer . For example businesses like wholesalers and retailers sell goods. Goods are tangible things, they are used up. Goods are made up of materials like woods, food and cotton. 2) Services Services are sold also but are not tangible, you can’t see them. A service is a skill which is provided in order to help the customer or business. Services include National Health, Banking, Teaching and the police. 3) Business to business Businesses can offer their goods and service to other business. For example an airline company will purchase the services of a catering company. They do this so they don’t waste time making their own food. 4) Business to customer Business also sell goods and services to customers or individuals. For example banks offer their financial services to individuals who need loans or advice. Sales Documents 1) Order received ( see example 5) This document is produced by the supplier and is sent to the customer. This is used to conform with the customer what they have ordered. Details like the product description and how many they require are written down. 2) Sales Invoice (see Example 6) This document is sent to the customer to tell them how much they owe. Its similar to the purchase invoice and includes things like VAT and discounts. Also it includes the description of the product. The sales invoice is different because its’s only issued when a good has been delivered and has not paid for unless the customer has paid immediately. Delivery Note (see Example 7) A delivery note is given to the customer when the goods are delivered. The documents tells you what has been delivered and how many has been delivered. Also on it is the customers address so its similar to the goods received note. This document is a security measure so the right goods end up in the right place. The delivery note is given to the driver of the truck who deliver the goods and is then passed on to the customer. Sales Credit Note (see Example 8) This document is used by the customer in the event of an error in the supplied goods. For example if you bought a pair of shoes returned home and found a tear in them you can ask for a refund or accept a sales Credit Note. This would allow you to return to the shop in the future and exchange the note for a good or goods of the same value. The credit note is issued by the supplier and is sent to the customer. Statement of Account ( see Example 9) A statement of account is sent by a supplier to a customer. It states all transactions made in the month by the customer, any money outstanding, the total amount of money due on each invoice and the total balance which has to be paid. Remittance Advice (see Example 10) A remittance advice slip will often accompany the statement of account form. It is sent with cheque by the customer. This slip helps the supplier accurately process the payment when it is received. The supplier issues the remittance advice slip and the customer makes use of it by matching it with the invoice or statement of account and then sends it back with the cheque or other payment, this makes it easier for the supplier to match up cheque to invoices When you pay for something in cash you need some sort of proof you’re bought it. The proof you need is to collect a receipt. This is needed if you want to make a refund or if you want to exchange your product for something else. The receipt is written proof of your purchase and should include the following:- The date, Receipt number, Name of company, Description of the product, Amount paid (inc. VAT). A copy of the receipt is kept by the payee for their records and to provide evidence of VAT for recording purposes. Cheque (see Example 12) When you pay for something by cheque the cheque the cheque itself is a proof of purchase so a receipt is not needed. The cheque is similar to the receipt and will include the date and the amount. But the cheque also has the name of the person you are paying. The cheque will then be taken by that person to their bank to be cashed. A cheque is a receipt because when you pay by cheque shows up on your bank statement which acts as a receipt. Paying-in slips (see Example 13) Paying-in slips are used to put money into a bank account. This slip has a detachable section which is given with the cash and cheque the bank who place the money into the account. Left over is a section which is stamped to show that the money will be credited to our your account. On the slip is the amount deposited, the date and the name of the bank. Paying in slips vary from bank to bank. Banking statement (see Example 14 ) If you have a bank account you will also have a Bank statements. These are used to tell how much you have in your account, how much money you deposited and how much you have withdrawn and to see how much you invest you have earned It also tells you where and when you took your money out. Bank statements are basically used to keep track of your money. Cash is the most common way to pay. Its comes in two forms, coins and banknotes. In addition to this there are different note and coins which represent different amounts. Banknotes and coins can be copied or forged so it is wise to check the notes are genuine. Credit Card. Credit Card are alternatives to cash or cheques. They can be used at home and abroad wherever they are accepted. Instead of handing over cash or a transaction voucher by the customer. This voucher is then sent to the bank, who then sent the customer a statement saying hour much they owe. The statement usually takes a long time to arrive so the cardholder has time to come up with the money they owe. This is the interest free period, but interest is changed if the account is not cleared in that period. Debit Card A Debit Card is basically a cheque book and cheque card combined. At the point of purchase the money is debited from the customers bank account, after which a transaction voucher has to be signed by the customer so that company knows the right person has used the right card. Also so the company can keep a record of whom has shopped at their establishment. PC5 Importance of security It is very important that financial transactions are recorded clearly and accurately to protect them from theft, fraud and criminal damage . Security checks are there to prevent fraud, theft and to ensure high standards of honesty. By constantly checking records and by special equipment which can detect security checks.

Report Essay Example | Topics and Well Written Essays - 2500 words - 1

Report - Essay Example SWAT and Porter analysis demonstrates that the strategy of development adopted by the company for the next two decades is fully in line with the key strengths, opportunities, and competitive forces the Corporation is likely to face in the future. The Port of Brisbane Corporation is a Government Owned Corporation that manages and controls the operations of the third busiest container port in Australia. First small exports through Brisbane were made during the early years of European settlement, and only in the second half of the 19th century it emerged as the main commercial centre in Australia. During only 35 years from 1850 to 1885 net tonnage through Brisbane grew from 8,128 tons to 690,883 ton. In 1888 the Port started to trade frozen beef adding it to the dominant exports of coal and rural products (POB 2007). World War II became the next major milestone in the Port's development. Disruption of normal maintenance dredging activities made the main channel's depths unsuitable for further exploitation by 1949. Construction of Cairncross Dockyard to meet the demand for ship repair facilities was only the first step in the long series of developments in the Port. As a result, total tonnage through the port reached 2.6 million ton in 1961 (POB 2007). The 1960s were marked by two other developments that had essential impact on further operation of the Port. Firstly, the discovery of the Moonie oil fields led to construction of two large refineries at the mouth of the Brisbane River. Secondly, the growth of containerized exports led to a modification in cargo handling technology: the Brisbane's first container terminal was constructed in the Hamilton Reach of the river in 1969 (POB 2007). The Port of Brisbane Corporation was established as a statutory authority in 1976. In 1994 it was corporatized under the Government Owned Corporation (GOC) Act 1993, and on the 1st of July this year the Port of Brisbane Corporation changed from a statutory to a company GOC, listed with the Australian Securities and Investments Commission. Currently, the PBC is a publicly owned organization that operates on a commercial basis and in a competitive environment and manages Australia's fastest growing container port. The Corporation also leases and manages land for port-related purposes and maintains navigable access to the port for commercial shipping. Currently, the Port of Brisbane is the largest general cargo port in the region of Queensland. Annually, more than 2,600 ships exchange over 26 million tons of cargo over the Port's wharves. The exchange is expected to reach 50 million tons by 2025 (POB 2007). Factors of Success The progress made by the Port of Brisbane over less than a decade is impressive. Rapidly developing infrastructure of the Port provides effective transport networks, logistics options, and ensures convenient location of warehouses and other facilities. Currently, the Port's trade consists of a range of containerized, bulk and break-bulk cargoes: it leads the industry in beef and cotton exports holding approximately 50% of Australia's total market in this section (POB 2007). Financial