Martin Luther Essays (1160 words) - Lutheran Theology,

Martin Luther Martin Luther Martin Luther lived from 1483-1546. Luther was born on November 10, 1483 in Eisleben in the province of Saxony. His protestant view of Christianity started what was called the Protestant Reformation in Germany. Luther's intentions were to reform the medieval Roman Catholic Church. But firm resistance from the church towards Luther's challenge made way to a permanent division in the structure of Western Christianity. Luther lived in Mansfield and was the son of a miner. He later went on to study at Eisenbach and Magdeburg. After studying at these institutions he moved on to study at the University of Erfurt. Luther started out studying law, but then went on to enter the religious life. He went into the religious life due to the fact that he felt that he would never earn his eternal salvation. He didn't feel that all of the prayer, studying and sacraments were enough. Therefore, Luther felt that he would never be able to satisfy such a judging God. Not being able to satisfy this God meant eternal damnation. After entering the religious life he later became an Augustinian monk and entered the Augustinian monastery at Erfurt in July of 1505. While in this monastery Luther became a well known theologian and Biblical scholar. In 1512 Luther earned his doctorate in theology and became a professor of Biblical literature at Wittenberg University. Luther took his religious vocation very serious. This led him into a severe crisis in dealing with his religion. He wondered, "is it possible to reconcile the demands of God's law with human inability to live up to the law." Luther then turned to the New Testament book of Romans for answers. He had found, "God had, in the obedience of Jesus Christ, reconciled humanity to himself." "What was required of mankind, therefore, was not strict adherence to law or the fulfillment of religious obligations, but a response of faith that accepted what God had done." In other words he realized that religion is based on love and not fear. Basically, he realized that everyone is burdened by sin because it happens as a result of our weaknesses. He concluded that man could never earn his salvation by leading a blameless life or by performing holy acts. Instead, man's salvation was a divine gift from God resulting from faith in Jesus, especially the saving power of his death and resurrection. This was known as the protestant doctrine of "justification by faith alone." The fact that Luther believed this, lead him into his first confrontation with the Catholic Church in 1517. All of this influenced Luther to write his Ninety-Five Theses in 1517. The leader of the Catholic Church, Pope Leo X, was trying to raise money in order to build St. Peter's Basilica in Rome. To raise money the Pope offered the sale of indulgences. Basically, these were donations of money that would give partial forgiveness for people's sins. So, on October 31, 1517, Luther posted these Ninety-Five Theses or propositions on the door of the Wittenberg Catholic Church. These Ninety-Five Theses denied the right of the Pope to sell indulgences for the forgiveness of sins, among other challenges. His authorship of the Ninety-Five Theses would make Luther the leader of the religious movement or reformation towards Protestantism. Pope Leo X forced Luther to appear before Cardinal Cajetan in Augsburg. Here the Cardinal demanded Luther to take back everything that he said in his Ninety-Five Theses. Luther said that he would if his Theses could be proved wrong by use of the Bible. Later in 1521, Pope Leo X issued a "Bull of Excommunication" towards Luther. Emperor Charles V was expected to enforce the Excommunication. Charles V formed a "diet" in the town of Worms and asked Luther to attend this meeting so that he could be examined. Once again Luther was asked to take back everything that he had said in his Ninety-Five Theses. Luther refused again and was outlawed. Anyone could kill Luther and they would not have been held accountable to the law for punishment. Luther decided that it would be best to relocate under these circumstances. He had a friend that was an elector of Saxony that helped him escape. So, Luther disguised himself and went off to hide in the castle of Wartburg. While he was in Wartburg he began translating the New Testament into German. At that time the emperor was occupied with a war waging in France. This distraction helped Luther return to his work with aid of his followers in Wittenberg. Some of his followers went too far carrying out the

Cola Wars Continue Essays

Cola Wars Continue Essays Cola Wars Continue Paper Cola Wars Continue Paper Cola Wars Continue: Coke and Pepsi in 2010 1. Why, historically, has the soft drink industry been so profitable? Soft drink industry is profitable because the industry has concentrated revenues between 2 major players and it is virtually impossible for a new player to compete with the key players. The industry giants wield power over the retail outlets. Convenience stores, vending machines, fountains are widely distributed and hence they dont have the power to bargain over pricing issues and they also contribute to about 80 of the sales. This ensures that the companies quote a maximum price and still have the final say in the matter. 2. Compare the economics of the concentrate business to that of bottling business. Why is the profitability so different? A concentrate producer has to blend the raw materials and ship them to bottlers in plastic canisters. A typical concentrate manufacturing plant has an initial capital investment of 25-50 million and is capable of meeting the needs of an entire nation. Therefore the concentrate producer’s main line of work shifts to advertising, research and bottler support which ensures them a gross profit of 80. The concentrate producer also enjoys added value in the form of access to branded names and unique formulas. A bottler manufacturer, on the other hand has a capital-intensive business on hand, which has high costs to deal with-concentrate producers and packaging activities being the major costs (up to 90. The bottlers profitability is therefore considerably reduced with a gross profit of about 40. Added to this the bottler also invests in distribution networks as a result of which the operating margins drop drastically to 7-9. Therefore there is a wide disparity in the profitability of a concentrate manufacturer and a bottler manufacturer 3. How has the competition between Coke and Pepsi affected the industry structure? The cola giants Coca-Cola and PepsiCo have, through their Cola Wars, brought about a revolutionary and welcome change in the industry. Both companies in vying with each other for the top spot have managed to create high quality products spread over a wide range. Kicking off as soft drink manufacturers the companies diversified to other packaged foods and drinks thus increasing their consumer base as well as the industries. The introduction of the diet coke, for example, was lauded as the most successful consumer product launch in the 1980s. The aggressive entry of PepsiCo into the food business in the latter part of the 1990s also contributed handsomely to the company and as a result to the industrys profit. 4. Can Coke and Pepsi sustain their profits in the trend of flattening demand and growing popularity of non-carbonated drinks? Yes, Coke can Pepsi can sustain their profits in the industry because of the following reasons: The industry structure for several decades has been kept intact with no new threats from new competition and no major changes appear on the radar line. This industry does not have a great deal of threat from disruptive forces in technology. Coke and Pepsi have been in the business long enough to accumulate great amount of brand equity which can sustain them for a long time and allow them to use the brand equity when they diversify their business more easily by leveraging the brand. Globalization has provided a boost to the people from the emerging economies to move up the economic ladder. This opens up huge opportunity for these firms Per capita consumption in the emerging economies is very small compared to the US market so there is huge potential for growth. Coke and Pepsi can diversify into non–carbonated drinks to counter the flattening demand in the carbonated drinks. This will provide diversification options and provide an opportunity to grow.