Final Research Paper Example | Topics and Well Written Essays - 2250 words - 1

Final - Research Paper Example The company was founded by Larry Page and Sergey Brin, students of Stanford University willing to create a web database that would help in listing webpages according to their requirements. Till date, Page and Brin hold 16 present of the total share of the company. The project was initially known as â€Å"BackRub† that used links to determine the importance of individual webpages. The company was incorporated as a private company in the year 1998 and was subsequently made public in the year 2004. The main mission of the company is to consolidate the world’s facts and figures and to make them universally available and accessible by the common people (1Google, n.d.). The rapid growth of the organisation is determined to be resulting from its continuous introduction of innovative products, procurement and cooperation outside Google’s basic search engine business. In addition, Google also provides online productivity software along with services such as email (Gmail) an official suite (Google Drive) and social networking sites such as Orkut and Goggle+. Furthermore, along with the mentioned products and services, Google also offers a wide range of desktop products like image editing and instant message service (Barr, 2013). It is worth mentioning that android considered to be one the most used mobile Operating Software (OS) is also owned by Google. The main objective of this paper is to provide a detailed evaluation showing the major reasons behind the rapid strides taken by Goggle in the IT industry. Additionally, it would also provide evidence and data that would reveal why the company is recognised as one of the world’s most secretive organisations (2Google, n.d.). Historical Performance of Google With the increasing internet users around the world, Google has become one of the most popular Information Technology (IT) based entities. Every individual who has been a regular under of Google tends to study the history on how the company w as established and what were the major reasons behind creating such a search engine that has unified every kind of vital information into a single place. The history of Google started in the year 1995. Larry Page and Sergey Brin were two individuals who met each other at University of Michigan, where both of them went to peruse their PhD degree in computer science. The idea of creating Google as a web page started in the year 1996 as a research project by Brin. In the year 1996, both Page and Brin collaborated to create a search engine which was first started by Page and named it as BackRub (3Google, n.d.). The website was developed in the same year and is believed to have operated on Stanford servers for more than a year. However, it has been viewed that the search engine eventually took up much bandwidth in comparison with other search engines available on the World Wide Web (WWW). Considering the growing issue of bandwidth as well as to convert the data gathered by BackRubâ€℠¢s web crawler assumed greater measure of importance for a given webpage. It was then when Page and Brin both developed the PageRank algorithm and realized that the platform can be used to build a search engine which could be far more superior to the entire users in the web. PageRank is a set of rules developed by Page that analyses the relevancy of the back links of a webpage and list them accordingly. The first version of Google webpage was launched in the

International Commercial Arbitration Law Assignment

International Commercial Arbitration Law - Assignment Example The paper tells that an international commercial arbitration has been an element of study owing to some of the unique features it is associated with. In the era of globalization, the volume of disputes between parties in trade has increased significantly, and often the judgment provided by the local jurisdiction fails to satisfy the parties to the action. The delay in the procedure of judgment also hampers trade activities between them and becomes significant in determining market conditions. International commercial arbitration tries to solve a few of these problems by providing a mutual solution to the issues on the basis of judgment provided outside the legal framework of either country. In matters of international arbitration, the agreement covering arbitration has gained importance over the years. The method of international arbitration is widely popular for resolving disputes that arise from international commercial agreements and a wide variety of international relationships. The main advantage of international arbitration lies in the fact that parties originating from different backgrounds of culture and legal framework can resolve disputes without the consideration and formalities of the legal systems of their respective countries. Other advantages of international arbitration include the fact that it allows the avoidance of uncertainty and the practices associated with local courts regarding the procedure of litigation so that quick and efficient decisions can be reached and the dispute resolved within a short time. The process of international arbitration also grants a high amount of flexibility to the parties in the process of designing the arbitral procedures. In casesof international commercial transactions, the parties have various choices in including mechanisms for resolving disputes that arise under the contract. If a party in the arbitration remains silent for a period of time, then the disaffected party can initiate legal proceedings in a co urt and can attain jurisdiction over the other with ease (Redfern, 2005: 15). International Commercial Arbitration International commercial arbitration tends to resolve disputesinvolving commercial contracts under the guidance and supervision of a number of international institutions and bodies framing international rules. The popular bodies that deal with the issues are the International Chamber of Commerce and the International Centre for Dispute Resolution. Most of these bodies use the â€Å"terms of reference† to summarize the claims and issues of the disputes in a particular procedure, and this is then signed by the parties before the start of the legal proceedings. One of the important characteristics of international commercial arbitration is that thearbitrators try to mitigate disputes before moving to the courts. The decision imposed by international commercial arbitration is binding on both parties. Another attraction of international commercial arbitration is that distrust of foreign legal systems often influences the parties in the action, as does the anticipated cost of using such legal systems. However, switching to international commercial arbitration reduces these types of risks considerably. Arbitrators have significant