Tuesday, December 31, 2019
Maslow s Theory Of Human Motivation - 901 Words
In our everyday lives, we go through certain needs and behaviors. Abraham Maslowââ¬â¢s article of Theory of Human Motivation begins with the explanation of the Basic Needs of behavior. He goes over how our basic needs are safety, love, self-esteem, and self-actualization. (Physiological needs tend to go along with the other four needs.) When it comes to craving violence, four of the above needs apply to the given behavior. Starting with physiological needs; they are those needs that include survival (sleep, food, air, and reproduction). Physiological needs are the demands we all need for human survival. Safety needs are those that come from when one feels threatened by something else entirely like a predator. It is the need for security and protection. When we have our other needs met, our safety needs dominate how we behave. An example of safety satisfaction would be if one is surrounded by oneââ¬â¢s Religion or Philosophy. Love needs occur when both parties are physiologically satisfied. Examples if this would be the love for family and friends. Keep in mind, this is not equal to sex. Sex is a more physical desire than love. Esteem needs happen when self-respect steps into place. As people, we desire high-evaluation for ourselves. For instance, if ignored the need becomes a more desperate and it turns into a weakness, especially that of inferiority. The need for self-actualization are when we are happy with what/who we are and accepting of others. For example, if you are a poet,Show MoreRelatedMaslow s Theory On Human Motivation1310 Words à |à 6 PagesMaslowââ¬â¢s (1943) hierarchy of needs was one of the earliest theories developed on human motivation. With the basic principle that higher-level motives could not become active before the basic needs had been met (Lahey, 2001). Maslow suggested that these basic needs such as food, water and safety needed to be in place and satisfied before motivation to meet higher needs is possible and takes effect. Maslow (1943) organised these human needs into five sets and then arranged those into a pyramid, withRead MoreMaslow s Theory Of Human Motivation Essay1350 Words à |à 6 PagesIn 1943 Humanistic Psychologist Abraham Maslow proposed his Theory of Human Motivation. In this paper he outlines what he believes to be a humans hierarchy of needs. Maslow suggests in his journal that one must meet the needs of the previous level before moving on to meet the needs of the next one on the hierarchy. According to Maslow there are 5 tiers of human needs: physiological, security, belonging, self-esteem, and self-actualization. In Welch, West Virginia Jeanette and her siblings must adjustRead MoreAbraham Maslow s Theory Of Human Motivation1670 Words à |à 7 PagesAbraham Maslow Abraham Maslow was always visually examining the greater scope of human nature. Whereas most of his counterparts of his day seemed to be more concerned with a narrower scope, Maslow s own vision was far-reaching. His lifetime of revelations in motivation and personality transcended academic psychology, and extended into the major business fields of management and marketing. Maslow additionally explored how and individual perceives their existence and beginning to display signs ofRead MoreMaslow s Theory Of Human Motivation1560 Words à |à 7 Pagesof what ideology one follows, is ââ¬Å"what motivates humans?â⬠In the year of 1943, Abram Maslow wrote his paper A Theory of Human Motivation. In this paper, Maslow described a theory in which he claimed that all people had basic needs, and these needs were fulfilled in order of their importance to the individual. Each need would need to be met prior to working towards another need, eventually achieving the ultimate goal of self-ac tualization. This theory is the basis of the humanistic perspective, whichRead MoreThe Hierarchy Of Needs Theory Essay1267 Words à |à 6 PagesThe Maslows Hierarchy of Needs Theory Living beings act, and their behavior is driven by incentives, needs, and drives. Animals act only by their instinctive desires. The behavior of animals is due to instinctive desires rather than by thought. However, where does man s behavior originate from? Many psychologists have studied this topic with interest. Man s behavior is also influenced by human desires. However, how human desires influence human behavior is a very important issue. OnRead MoreMotivation, As The Causes Of Our Behaviour1644 Words à |à 7 PagesMotivation Introduction Mitchell (1982, p.82) describes motivation as ââ¬Å"the degree to which an individual wants and chooses to engage in certain specified behavioursâ⬠. Hence, in general, behaviour is determined by certain motives, thus, Vroom and Deci (1992, p.33) considered motivation ââ¬Å"as the causes of our behaviourâ⬠. Moreover, according to Mullins (2013, p.245) motivation is concerned with question ââ¬Å"why do people do what they do?â⬠, because motivation is an inner driving force which leads to particularRead MoreEvaluate The Theory Of Motivation From Humanistic Perspective Essay1624 Words à |à 7 PagesEvaluate the theory of motivation from the Humanistic perspective. By Marialena Posteraro Throughout this paper evaluation of motivation from a Humanistic perspective will be examined. Motivation is the drive within humans that makes us act, it is a process that influences goal directed behavior. Drives are considered internal factors that push an organism into action. Throughout our lives, we have certain drives within us that motivate us to behave and act in a certain way to fulfill ourRead MoreDr. Vroom s Expectancy Theory1577 Words à |à 7 Pages D. Expectancy Theory Motivate Your Team by Linking Effort With Outcome Vroom s expectancy theory assumes that behaviour results from conscious choices among alternatives whose purpose it is to maximize pleasure and minimize pain. Together with Edward Lawler and Lyman Porter, Victor Vroom suggested that the relationship between people s behaviour at work and their goals was not as simple as was first imagined by other scientists. Vroom realized that an employee s performance is based on individualRead MoreAbraham Maslow Life Span Development and Personality1082 Words à |à 5 PagesAbraham Maslow Life Span Development and Personality Abraham Maslow was born April 1, 1908 in Brooklyn, New York. Abraham Maslow grew up in Brooklyn, New York, the first of seven children born to his Jewish parents who emigrated from Russia. His parents were uneducated, but they insisted that he study law. Maslow later described his early childhood as unhappy and lonely, and he spent much of his time in the library immersed in books. At first, Abraham acceded to their wishes and enrolled in theRead MoreMaslow s Hierarchy Of Needs1741 Words à |à 7 Pagesis discuss on the two theories: The Maslowââ¬â¢s hierarchy of needs and Herzbergââ¬â¢s. The Maslowââ¬â¢s hierarchy of needs include five levels, and at the certain extent, reflect the rule of human s activities on psychological and behavior. Herzbergââ¬â¢ describe the more details of worker agree or disagree about working. In this essay, more related knowledge details and effects will de described, then, analysis the two theories individual, choose a better one. II. Describe the two theories. 2.1Maslowââ¬â¢s hierarchy
Monday, December 23, 2019
NVQ 3 Equality Diversity And Inclusion In Dementia Care...
DEM 313 Equality, diversity and inclusion in dementia care practice 1.1 Explain why it is important to recognise and respect an individualââ¬â¢s heritage An individualââ¬â¢s heritage is about his culture, history or personal experiences it is important to recognise and respect them because it is what makes him individual and unique. If we know them we provide a person centre care and focus on individualââ¬â¢s choices and preferences, he will then feel valued and included. For example Muslim doesnââ¬â¢t eat pork by being aware of it we provide his food without pork and individual has his dietary needs meet. 1.2 Compare the experience of dementia for an individual who has acquired it as an older person with the experience of an individual who hasâ⬠¦show more contentâ⬠¦Current legislation and government policy were put in place to ensure that care providers provide the best possible care for dementia patients. Government equally provide funding to improve care environments to help to manage the condition of people with dementia as they are less likely to get confused or become distressed within an environment designed with their needs in mind. 2.2 Describe the ways in which an individual with dementia may be subjected to discrimination and oppression Individuals with dementia have loss of communication or memory so they can be treated unfairly by carers or relatives because they may not have the capacity to challenge abuses or to report what has occurred. For example they can use offensive or insulting language. By the fact that they are sometimes weak and vulnerable, people can assault or cause them physical harm. Furthermore those displaying challenging behaviour can be neglect or provided poor care by staff. 2.3 Explain the potential impact of discrimination on an individual with dementia Individuals with dementia have impairment in mental capacity and people can discriminate against when it comes to exercise their rights. People with dementia face a poor quality of life which lead the person to be isolated and loss his self esteem. For example, theyShow MoreRelatedLeadership for Health and Social Care and Children65584 Words à |à 263 Pagesfor Health and Social Care and Children and Young Peopleââ¬â¢s Services (England) (3978-51/52/53/54/55/56) December 2011 Version 2.1 (July 2011) Qualification at a glance Subject area City Guilds number Age group approved Entry requirements Assessment Fast track Level 5 Diploma in Leadership for Health and Social Care and Children and Young Peopleââ¬â¢s Services (England) 3978 19+ There are no entry requirements Portfolio of Evidence, Practical Demonstration/Assignment. Automatic approval is
Sunday, December 15, 2019
An Inconvient Truth Free Essays
Teachers PreparatoryTichina Class 10R2/19/13 Inconvenient Truth is a descriptive title because it explains the inconvenience towards our global warming problem; and puts the truth towards our planets slow destruction. What makes this a good title is because the truth that Al Gore explains to the viewers is current. He explains the relationship between all the weather changes and global warming and how it is affecting the natural world environment. We will write a custom essay sample on An Inconvient Truth or any similar topic only for you Order Now The inconvenience part explains how discomforted it is towards our planet, people and nature. To explain the basics of global warming I can start off with saying that global warming is mainly caused due to the greenhouse gas pollution. Out in space the sun sends heat waves towards earth which makes earth livable. So when the sun rays are sent down some are supposed to be sent back to the sun creating a mini cycle. But outside of the earth there is an atmosphere of greenhouse gases surrounding the earth. Now that there are more factories more greenhouse gases are being sent up to the atmosphere making the layer of gas thicker. That is causing the sun rays to be trapped in the earth making the temperature rise. What makes the truth of our global warming problem inconvenient is that temperature rises are affecting the animals. In Al Goreââ¬â¢s movie he explains to you that cold environment like glaciers; North Pole, South Pole and Artic are melting slowly. Polar bears and other cold environment species are losing their homes. In his movie he shows you how some glaciers from 1990 till now are fully melted and turning to land or how they are slowly becoming heated. In my case everyone should know that itââ¬â¢s bad and it will only become worse. Another way is how the water temperature is starting to rise. If any hurricanes or water storms were to be created; it would be double the effect because as also stated in Al Goreââ¬â¢s video whenever you have a high water temperature it will increase the wind velocity in any storm making it bigger in size. With that said we can move on to diseases that are another way the truth of global warming is inconvenient. Diseases are a strong life taker and have a long history behind it. The way global warming comes in is that we had some strange heat waves that occurred and caused illness towards people. In 2012 we broke the record for the hottest heat wave. It affected many people through sickness and other different ways. In a previous article I read in class they said that in 2003 a deadly heat wave swept across Europe killing an estimated amount of 35,00 people. Heat waves like that could amp up heat-related illness. In conclusion, as you can see Inconvenient Truth is a descriptive title because it explains the inconvenience towards our global warming problem; and puts the truth towards our planets slow destruction. Global Warming is a serious incident and should be taken care of early before it amplifies in the future. With that said I hope I gave you a descriptive, explained response of how Inconvenient Truth is a good title. What global warming is and how the truth of global warming is inconvenient. How to cite An Inconvient Truth, Papers
Saturday, December 7, 2019
Essential Mobile Interaction Design
Question: Describe about the Essential Mobile Interaction Design? Answer: Overview The project is focused on developing highly usable tablet interfaces for the Museum Guided Exhibition. As a part of the museum exhibition using multimedia formats and use of a tablet as a guide to a visitor, the museum authority is interested in developing a collection of tablet interfaces, that will give information about each item of the museum, will guide an visitor through the exhibition either by some predetermined path or some personalized path, let the user search for an item, will provide information about the space and arrangement details of the exhibition etc. The designs of the tablet interface should be usable enough by users from all age group, users who use languages other than English. Vision The project will help in delivering a tablet based guidance to the visitors. Visitors will not need any guide with them and can visit an exhibition as per their convenience and pace. They will be able to learn about the exhibition, the history of the items etc. as much as they want. There will be no need for human translator. The tablet will help in translating the information to a visitor as per the selection of language by the visitor. (Banga Weinhold, 2014) Scope The project is aimed to deliver better user experience to the visitors to an exhibition. The visitors will be able to enjoy an exhibition in a more personalized way. Thus, there are chances that the museum will get more visitors and that will in turn help them in generating more revenue. (Tidwell, 2010) Outcomes The outcomes of the project will be a set of tablet interface design for the museum exhibition. The interfaces will be designed by considering all requirements. Key assumptions The key assumptions of the project are that the users are familiar with handling a tablet. There may be come physically challenged users like blind people. They are not considered as the user of the tablet interface. Objectives, Outputs and Targets The objective of the project is to deliver a better and richer user experience to the visitors of any exhibition, providing them as much information as possible using different multimedia formats. The users will be guided by the tablet for all purposes including visiting an exhibition, finding some item in the exhibition, finding amenities available in the place of exhibition etc. (Wood, 2014) The target users are users from all ages who are supposed to visit an exhibition. The use of tablets and personalized interfaces may make people more interested in the exhibitions and in that case, the exhibitions will get more visitors. The foreign visitors with different native languages are also targeted visitors of this project. It will help them in understanding every information in their own language and they dont need to depend on human translators and their availability. (Galitz, 2009) Success Criteria The success criteria of the project may include the following, (Galitz, 2009)(Banga Weinhold, 2014). The designs of interfaces have meet all requirements. The interfaces are usable and accessible. There is enough support for English and other languages. The search facility is quicker and accurate. References Allen, J., Chudley, J. (2012). Smashing UX Design. John Wiley Sons. Banga, C., Weinhold, J. (2014). Essential Mobile Interaction Design. Addison-Wesley Professional. Galitz. (2009). The Essential Guide To User Interface Design. John Wiley Sons. Roebuck, K. (2012). Tablet Computer: High-impact Emerging Technology - What You Need to Know: Definitions, Adoptions, Impact, Benefits, Maturity, Vendors . Emereo Publishing. Tidwell, J. (2010). Designing Interfaces. O'Reilly Media, Inc. Wood, D. (2014). Basics Interactive Design: Interface Design. Bloomsbury Publishing.
Friday, November 29, 2019
Management Skills and Entrepreneurship
Business Description The business has developed out of the need to create employment for young people in Amman who happen to be gifted in calligraphy. The idea is a personal product that has been in existence since childhood. The following is therefore a description of the business from its inception, structure, and ownership.Advertising We will write a custom essay sample on Management Skills and Entrepreneurship specifically for you for only $16.05 $11/page Learn More The company that is to be established will be under the name H.T, which is derived from the initials of the partnership. The source of the capital is from a local bank in Amman coupled with savings of the partners. The main product of the business will be male jewellery. This decision is based on the market need for this product since business environment in the UK has much of female jewelleries and less of the male jewelleries (Bean 2007, p.17). The available outlets for the jewelleries are also rather expensive and monotonous since the trade is dominated by a handful of companies offering similar products. When established, this business will provide the population with a choice when shopping for jewellery besides creating a sense of satisfaction since each product will be unique. The bulk of shoppers in the UK has also changed with more and more men being involved in shopping and making financial decisions. With the well performing economy, the population will have more money at its disposal. The company to be set up aims to put in place an effective marketing strategy to attract buyers of all ages and ethnicities. Amman was chosen to serve as the headquarters for the business and as a source of labour raw material and resources required (Government in Jordan 1978 p.13) because it provides a good centre for the trade. Amman is known globally for her beautiful handmade ornaments, which have mostly been womenââ¬â¢s ornaments (Jordan 1989, p.28). The population i s largely gifted in making the ornaments. This makes the marketing strategy for the capital and the country in general (Skinner 2003, p.15: South 2008, p. 12). Calligraphy is an art that dates back in the country to the Middle Ages as evidenced by the discovery of ancient works of art in the prehistoric sites in the country (Herr 1983, p.45).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The works of art have however been marketed in the country alone without exploitation of the international market. The jewellery will be made from different raw materials for start. Clients will be given the choice of selecting the kind of jewellery they want. Traditionally, the jewellery has been made from metals such as gold, silver, and bronze. This decision made the pricing high for the common market. This business enterprise targets to make cheap jewellery for the low income markets in the UK, as wel l as the upper class market thus creating a room for choice between the materials used. The capital required is estimated at a hundred thousand US dollars distributed in terms of equipment, labour, and export price. The three costs represent the largest financial requirements of the company. Buildings The company intends to start the trade by using an old warehouse that has been renovated. The warehouse is big enough to house the offices of the company in one section and the manufacturing area in one part. The floor size is also enough for storage. There are also plans to purchase more offices in some of the office blocks in downtown Amman with other plans being in the advanced stage to acquire a warehouse in the outskirts of London. This will constitute the main buildings owned by the company. The rest will be acquired depending on the demand, market, and quantity produced. Assets The assets that the company intends to acquire and own include tools used for the moulding of the meta llic jewellery, engraving tools, brushes, cameras, protective clothing, land for setting up the business, and a warehouse for storage of the goods waiting to be exported to the UK. The company also intends to acquire a van to transport the products to the airport. With time, more will be acquired to facilitate the movement of the staff and the trade equipment. Some of the other assets that the company intends to acquire include cranes to move the large boxes, forklifts, and advertisement assets.Advertising We will write a custom essay sample on Management Skills and Entrepreneurship specifically for you for only $16.05 $11/page Learn More Goals and Objectives The company has come up with goals and objectives to guide it in the future developments. These have been described as long-term and short term with the time period to be achieved defining the two. In the long-term goals, the company targets to be the leading export company in Jordan dealing with c alligraphy. The other goal includes increasing the net worth to a billion dollar company with branches all over the UK and elsewhere in Europe. The company also targets to be the leader in research and development in the country of Jordan creating employment to a mere thousand people both here and in the UK. The short term goals for the company are those to be achieved within a period of a year. The first short-term goal is to double the gross sales every two months. Secondly, the company targets to double the profit margins within the same period. The sales of jewellery is the third short-term goal. The company targets to make more than a thousand sales within the first two months of its inception in the UK. The fourth short term goal is to control a large market share of the male jewellery within the first year. The last short-term goal involves the introduction of new products into the market with the company targeting to introduce womenââ¬â¢s jewellery in the market by the en d of the same year. Philosophy The companyââ¬â¢s philosophy is based on the need to create employment for the youth in Amman by providing cheap and quality jewellery for the UK market. The current image of the company is that of a small firm with the desire to expand in the UK. The image the firm intends to create is that of a large company and a market leader in jewellery and supply of ornaments in the UK. The company is focused on achieving its set goals and objectives as governed by the laws formulated by the partners.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Legal structure The business is a partnership with members being drawn from the Capital, Amman, and having the common interest of making money and being self-sufficient. The partners include H.K and T. A from whom the business name is derived. Each member bases the sharing of the profits and other running costs on the contributions. The members however own business in equal proportions. Therefore, the sharing of the profits is on a 50-50 basis. The legal structure is not fixed. However, the company welcomes any likeminded shareholders and partners. The contributions they make will define the proportion of the profits they get after each sale. This will benefit the company by increasing its market share and capital base besides enabling it to expand to other markets. Location The business is to be set up in the outskirts of Amman, with an outlet in the capital of the UK. These locations were selected for several reasons. Amman was selected, as described above for its cost in terms of labour and human resource. The cost of the building, and other things needed to set up the location were relatively cheap compared to the prices elsewhere. The building location is on a lease from the previous owner, and plans are underway to fully process it. The neighbourhood is friendly and sparsely populated. This will provide an adequate environment for business. The floor space will consist mainly of the manufacturing area, and will therefore mostly house the labourers. The transportation facilities in place include pulleys for hauling large boxes, which will contain the raw materials and the completed works. The site also has ample space for parking, which will accommodate the vehicles transporting the Jewellery to the airport. It is also close to the airport. Thus, security in the area is also adequate. There are other businesses in the same location though they are mainly involved in the pottery business. The site is advantageous because the raw materials are just in the n eighbourhood. A smelting plant is located in the vicinity to provide raw materials for the metallic jewellery. The second site in London was chosen because of the strategic position to enable and facilitate in the marketing of the jewellery. This will however be changed with time to the centre of London where there are more customers and distribution outlets for the company products. Production Plan and Quality Control The production plan for the company from delivery of the raw material to the final product is short because most of the products will be handmade thus requiring no sophisticated process. The raw materials will depend on the particular product. For the bracelets, the raw material will mainly be silver and gold with iron being a major component. They will be moulded into shapes and cut using simple tools. Coating the resulting materials will then be made using the desired metals or alloys. The accessories to make them appear beautiful will then be added by the artisans followed by engraving of the ornaments by the use of calligraphy. This process will be followed for most of the jewelleries except for those requiring special processes. Quality control will be assured by ensuring that there is a quality control department in the company for checking the quality of products besides ensuring that only those that meet the set standards make it to the market. The quality assurance in the company will also work in collaboration with the quality assurance departments in both countries involved in the field of the jewellery trade. Management and Organisational Plan The management framework for the company will include the manager, sales representatives, and other key officials in the management. The finance section will have to be manned by one of the members. To begin the company, few numbers of the staff will be involved in management since this will be expensive for the company to maintain. The full time personnel will be the labourers involved in maki ng the jewellery. They will constitute the largest number of employees. Part-time workers will be utilised in the finance section. Personal responsibilities and those of the other partners will involve making the jewellery though this plan will later change to management functions after getting adequate labourers. Business Opportunities The business has a variety of opportunities in the region where it will be opened. The following is a description of the potential customers, the geographical area, and the competition. Potential Customers The population of the UK and London in particular is very large. Thus, it will provide the market needed by the jeweller. The purchasing power of the UK citizens is larger than that of Jordan as presented by the GDPs of both counties (Riley 2002, p.13: Sant 2004, p.76). The market also has a large appetite for handmade jewellery. It therefore suits the perfect consumer group. The choice to market the jewellery for the male sex is based on the theor y that the male sex also has a higher purchasing power compared to its female counterparts in this country. The average male also considers owning a piece of handmade jewellery from Amman to be prestigious and in fashion. Ammanââ¬â¢s items and generally those from tm the Middle East are also fast moving here with stocks running out in the few centres offering them. There are varieties of customers in the business having different requirements in the way they prefer their jewellery to appear. Most of the customers prefer golden and silver jewellery. For those who cannot afford them, the company hopes to create gold-coated and silver-coated versions of the ornaments that it will produce. Geographical Area The company targets to conquer the market in London before proceeding to other markets within the UK. These are the long-term goals in the companyââ¬â¢s framework. The plan is to establish outlets across London in the shortest time possible. This will involve a lot of strategic planning and re-investment back to the company. Other cities planned for expansion include the financial centres around the country. Business Competitors The business faces stiff competition from other companies in the region providing the market with similar products (Campedelli 2010, p.43). These are more established in the market. Their prices are competitive. To deal with competition, the company intends to lower the running costs by operating from Amman and exporting the jewellery to the UK using cheap cargo flights. Since the innovation uses labourers without the use of machines, the operating costs are set to be lower in relation to those for other companies thus maintaining the lower prices (Duhigg 2012, p.29). The other criteria of dealing with the competition will involve the limitation of the number of administrative employees and establishment of a strong marketing policy (Steingold Bray 2001, p.32). Marketing Strategy As indicated above, due to high competition in the industry, the business will have to adopt an elaborate marketing strategy to ensure success in the market (Marketing handbook 2006, p. 19). The strategy will be implemented in the pricing, costing, sales projection, and marketing plan. In developing the company, a research into the unmet need of handmade male jewellery in the UK preceded. This established that the products offered in the market were monotonous with fewer than ten companies offering handmade products. The market, though not significantly large now, had a chance for expansion with the shares meant to rise (Blythe 2006, p.18). The company has embarked on an ambitious project to open up new markets in the UK by approaching market partners and evaluating the need for mergers and added partners. The market stands to be affected by the invasion of newer products from china, which are selling at a considerably cheaper price based on Chinaââ¬â¢s cheaper technology. This could however be overcome by the use of cheaper raw materials and production of more attractive jewellery with the option of having most of them custom-made to meet the needs of each client. National Economic Trends in the UK The UKââ¬â¢s market is experiencing a growth. This means that more and more men will be able to spend on accessories such as jewellery. This will increase the market to a greater size besides reducing competition (ICC financial survey 1979, p.12). The population is also shifting with the aged in the populace contributing a large number. The economy is also noted to be stabilising after the effect inflicted by the global crisis a few years ago (Book 2009, p.29: McLean Nocera 2010, p.13: Shiller 2008, p.19). Employment rate is also reported to be improving. Thus, more and more people are able to earn a living. The economy of Jordan is also reported to be performing well. The unique characteristic is the high unemployment in the country especially around Amman. This project therefore will exploit the existing economic conditions in both countries to produce a well performing business leader in the male jewellery section. In the year 2011 alone, the British economy improved from the previous years after being facilitated by the increase in the production and manufacturing sectors. The value of imports to this country has risen over the years. Jordan continues to be a major source of imported handmade jewellery to the UK (Amman et al 1996, p.32). The projected growth rate for the Jewellery market in the UK is 2% every year. This is a positive thing for the company (Amman et al 1996, p.32). As it stands, the jewellery market has a total size of over 4.5 billion pounds (Harrison 2010, p.29). This means that the market is performing well and is set to improve. The largest share of the jewellery section is made up of precious metals such as silver and gold. Even in the tough economic times in the UK, the jewellery market is described as growing at a fast rate, which is also encouraging. After precious metals, other categories with recorded growth include watches and costume jewellery (Amman et al 1996, p.32). The marketing plan will be as indicated above. This will involve commercials, adverts, and personalised marketing strategies. Salespeople will also be included in the marketing of the company. Their role will be to sell the company to the large public. There will also be competitions on the streets where the winner walks away with prizes as a way to promote the company. Business Operations The business will operate based on the written-down operations schedule. Each employee will have a designated task in the company. The operations will be organised in the form of the functioning of the company. Operational Function For the business to be operational, an elaborate structure will be provided with the inclusion of all employees and the supporting staff. In the manufacturing area, the personnel will consist of the labourers involved in the making of the jewellery. The y will be housed in the warehouse in the company grounds. Their day will start at 8 am to 5pm. The company will start with a handful of employees before proceeding to employ more in the manufacturing section within the next years. The service to be offered will mainly be the provision of the jewellery. In some special cases, delivery will be made at a fee. The other services to be offered to the clients will be shipping to the desired places. This will however start once the appropriate marketing procedures are in place. To increase the companyââ¬â¢s market share, other services to be offered will include the engagement of personal information on the jewellery. The other significant service that the clients will receive includes the provision of accessories that match their taste and fashion. This will be initiated through the marketing strategy that will be set up in the companyââ¬â¢s agenda. For the personnel, the company plans to ensure that they are provided with adequate payments to retain them. This will be met through aggressive marketing to ensure that the company has a large profit margin. Housing will be provided to them after the company establishes market control. For those without this provision, the company will embark on the payment of house allowances. Workers will initially work on a contract that will be renewed every six months. Based on the success of the company, most will be retained as permanent employees. The other incentives that the company will use to lure and maintain gifted artisans will be the use of gifts and special payments in the form of commissions for goods sold. This means that each employee will be paid in commission as a percentage of goods sold and made in addition to the regular salary. The employees will also work for five days a week with the weekend and extra hours worked being paid as overtime. A working schedule will also be made for the workers who will be consulted before the timetable is set up. Technology In this section, the technology and application to be used in the company and its operations will be discussed. Since the company will mainly provide handmade materials to market, the technology to be used is simple and readily available. The most important of this will include electric drills and engraving equipment. Since most of the calligraphy will be handmade, electrical appliances will have a limited use thus cutting down power consumption and or saving on the much-needed capital. The other tools to be used include hammers and chisels. They will be used to give the jewellery the required shapes by making the engravings. The other technology to be used include the transport pulleys and forklifts that will be utilised during transportation and packaging of the finished products. Mechanisation will be needed in the packaging of the jewellery, moulding the shapes, and coating the alloys. Electric saws will be utilised during the initial manufacture of jewellery from the raw mater ials to make the metallic frames on which to engrave and attach any added ornaments. The company will also utilise computers and office ware to keep track of finances, processes of manufacturing, as well as distribution. Finances This section covers the financial structure in the company in the present, past, and the expected financial situations. Capitalisation Plan This summarises the financial need of the company including the capital and any added expenses in the running of the business. The main means of raising the required capital in the business is through acquisition of a loan from a local bank here in Amman (Forstater Forstater 2007, p.31). This will fund 95% of the project with the rest of the money coming from the pockets of the partners. A bank loan provides the best opportunity to fund a business (Allman 2006, p.23: Banks 2011, p.13). The bank will be paid in a schedule that will be agreed upon based on the companyââ¬â¢s returns and the loan size. The estimated tim e for payment of the loan is projected to be five years when the company is projected to have stabilised to become self-sufficient. The capital gathered will be split between paying labourers, buying raw materials and new equipment, as well as acquiring the new warehouse. To begin with, the company will lease the warehouse and obtain the raw materials from the smelting plant. This will cost around 50,000 dollars with the bulk of it being the raw materials. The rest of the money will cater for the shipping costs, the distribution, as well as the marketing of the products. Personal contribution to the business will be 20,000 dollars from personal savings. The rest of the money will be gotten from partners and the profits made in the first sales. The partners will make the products in the first few months. When the company has established itself, more labourers will be added on to provide their services. The estimated cost of materials is at 20,000 dollars. Advertisements and other mar keting strategies are estimated at 5,000 dollars including offers, sale prices, and payment for the sales officers involved in the process of selling the brand to the male customers in the UK. In the purchase of fixed assets, the building and land on which it stands will be valued with the company willing to spend about 20,000 dollars for the same. This is however not fixed, as the company is still in the process of working out the final price with the original owners of the asset. The money will also be used to purchase the technology to be used in the manufacturing process with the main utility being the electrical equipment. The purchase of the initial gold and silver raw materials will be made using capital from the loan because it serves the biggest proportion of the money being spent. Transport costs and tax levied on the final products to the market will also be included in the loan though this is estimated not to be over 10,000 dollars. The companyââ¬â¢s vehicle to be use d to transport the final products to the airport to get raw materials is no included in the budget. Raw materials and jewellery will be transported using the locally available means of public transport. Cabs and rental cars will be used in doing this and in the transport of personnel to and from the airport. In the UK, transport to the outlets will also be via public means. This will continue until the company makes enough money to buy a van and other modes of transporting the jewellery. Security is a major component of capital. Jewellery is expensive and a target for theft. To avoid this, some of the money will go towards hiring guards during the transit of the precious metals and in the transport of the jewels to the final destination in the UK. The purchase of insurance for the company and employees will also be a significant step needed to cover any loss of the raw material, the jewellery, and other assets both in the production and in marketing processes because any loss will b e a setback for the company. The company will also set on a risk-reducing plan by ensuring that the market is evaluated adequately before entry and production of little jewellery to test the market. Contingency plans for the company will also be made should the company fail to make the targeted profits for the first year. This will involve laying off any employed on a contract basis and using the amount of money spared to pay any remaining part of the loan. The table below shows the source and cost of assets. Asset Cost (US$) Source of Funds Raw materials 20,000 Bank loan Pickup truck 6000 Bank loan Packaging machine 12,000 Bank loan Office desk and chair 600 Currently owned Warehouse 30,000 Bank loan Recurrent expenditure for the first year (salaries and overhead costs) 50,000 Bank loan and profits Personal computer 1000 Personal savings Financial Projections (USD) Expected profit in the first year 10, 000 Profit in the second year 50, 000 Profit in the thi rd year 100, 000 References Ali, W Bisharat, S 1989, Contemporary art from the Islamic world, on behalf of the Royal Society of Fine Arts, Amman, Scorpion Pub., London. Allman, B 2006, Banking, MN: Lerner Publications Co., Minneapolis. Amman, H, Kendrick, D, Rust, J, Tesfatsion, L, Judd, K 1996, Handbook of computational economics, Elsevier, Amsterdam. Amman, J 1968, 293 Renaissance woodcuts for artists and illustrators, Dover Publications, New York. Ballantyne, J 1844, Principles of Persian calligraphy, Madden and Co, London. Banks, E 2011, Finance, Routledge, New York, NY. Batt, R 1995, Amman, Maqbul Academy, Lahore. Bean, R 2007, United Kingdom, National Geographic, Washington, D.C. Bienkowski, P 1991, Treasures from an ancient land: the art of Jordan, Stroud, A. Sutton Pub, Gloucestershire. Blythe, J 2006, Marketing, SAGE Publications, London. Book, I 2009, Economics, World Book, Chicago. Campedelli, M 2010, Appliedcaligraphy graphic design, Links International, Barcelona. Duhigg, C 2012, The power of habit: why we do what we do in life and business, Random House, New York. Forstater, M, Forstater, M 2007, Economics, Chicago Review Press, Chicago. Government in Jordan 1978, Ministry of Information, Amann, DTI. Harrison, B 2010, Finding a role?: the United Kingdom 1970-1990, Clarendon, Oxford. Herr, L 1983, The Amman Airport excavations, 1976. Mich, American Schools of Oriental Research, Ann Arbor. ICC financial survey 1979, Knitwear manufacturers ââ¬â turnover, profit, assets, liabilities, Company, London. Jordan 1989, Economy, Amman, DTI. Keman, H 1987, Coping with the economic crisis: alternative responses to economic recession in advanced industrial societies, Sage Publications, London. Marketing Handbook 2006, Writing to win more customers, Hollis Pub, S.l. McLean, B Nocera, J 2010, All the devils are here: the hidden history of the financial crisis, Portfolio/Penguin, New York. Product n.d., Analysis, Notes From the Rabbit Hole | Biiwii.co mââ¬â¢s Unique Market Perspective Notes From the Rabbit Hole | Biiwii.comââ¬â¢s Unique Market, Perspective, http://www.biiwii.com/. Riley, P 2002, The one-page proposal: how to get your business pitch onto one persuasive page, Regan Books, New York. Sant, T 2004, Persuasive business proposals: writing to win more customers, clients, and contracts, AMACOM, New York. Shiller, R 2008, The subprime solution: how todayââ¬â¢s global financial crisis happened and what to do about it, Princeton University Press, Princeton, N.J. Skinner, P 2003, Jordan, Gareth Stevens Pub, Milwaukee, Wis. South, C 2008, Jordan, Marshall Cavendish Benchmark, Tarrytown, NY. Steingold, F Bray, I 2001, Legal guide for starting running a small business, Nolo, Berkeley, Calif. Watkins, D 1999, Jewellery, New Holland, London. This essay on Management Skills and Entrepreneurship was written and submitted by user Miranda Delaney to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Monday, November 25, 2019
How to Avoid Costly Mistakes on Your Common Application - guest article by Nancy Griesemer
How to Avoid Costly Mistakes on Your Common Application - guest article by Nancy Griesemer Introduction by Brenda Bernstein: As college application deadlines approach, I wanted to share some tips on the actual submission of your application. I give this same advice to job seekers by the way (ââ¬Å"Print your resume!â⬠). We have been so lulled by the convenience of online forms that we forget to dot our iââ¬â¢s and cross our tââ¬â¢s. On the Common Application, carelessness can lead to errors and missing information. Following the advice in Nancy Griesemerââ¬â¢s article below might be the most important thing you do as you prepare to submit your college applications! Its All About the Print Preview or Why Your Application Looks Funny by Nancy Griesemer In the old days, applying to college required a dependable typewriter and gallons of correction fluid. Although it was a tedious process that kept application production to a minimum, final documents told a story and reflected something about the care with which the entire application package was put together. These days, every document submitted through an electronic system like the Common Application looks exactly the same- tediously the same. Instead of style and neatness, what differentiates applications is attention to small details and the ability to navigate limitations imposed by the software controlling the submission. And keep in mind, what colleges see is exactly what you see when you preview the document. So its up to you to check for accuracy, completeness, and how well the document ââ¬Å"presentsâ⬠to readers looking at hundreds of virtually identical forms. This holds true for the Common Application, the Universal College Application (UCA) or most other applications you submit electronically. And this is why all systems strongly suggest you ââ¬Å"Print Previewâ⬠your document before pushing the submit button- regardless of how tired you are or how close you are coming to deadline. Otherwise, you risk sending a document that may contain errors or is weirdly cutoff. In case youââ¬â¢re curious, this is because when you complete an application online, your response is posted in an efficient ââ¬Å"variable-widthâ⬠typeface. Systems can only enforce a character count and cannot measure the physical length of a response. And not all characters are created equal. For example, the Common Application sets a 1000 character limit on the question asking you to ââ¬Å"briefly elaborate on one of your extracurricular activities or work experiences.â⬠The suggested ââ¬Å"wordâ⬠limit is 150 words or fewer. But because characters are not equal in the amount of space they take up, your essay can easily exceed the word limit imposed by the document. If you doubt this is the case, try typing 1000 ââ¬Å"Wââ¬â¢sâ⬠or ââ¬Å"Mââ¬â¢sâ⬠and paste your ââ¬Å"documentâ⬠into the answer box. Youââ¬â¢ll find that all are happily accepted by the program. Now, press preview. What you will see is only about half of your ââ¬Å"document.â⬠If you substitute with 1000 ââ¬Å"iââ¬â¢sâ⬠, you will see all of the document plus lots of additional white space allowing for even more characters. ââ¬Å"Wââ¬â¢sâ⬠and ââ¬Å"Mââ¬â¢sâ⬠take up way more space than ââ¬Å"iââ¬â¢s.â⬠In the Common Application, the problem occurs not only in the short answer section but also in the fill-in-the blank responses in the ââ¬Å"Extracurricular Activities and Work Experienceâ⬠section. Even if the application allows you to describe in detail all the awards and honors you received as a member of your high school dance team, itââ¬â¢s possible they will not all show up on the documents colleges actually read. A second, more obscure formatting problem involves spacing. If you persist in hitting the ââ¬Å"enterâ⬠key for multiple paragraphs or if you like to write in haikus, you easily run the risk of scrolling beyond the space allotted for an essay response, regardless of the word or character limit. The Common Application appears to allow no more than eight single lines in the 150 word short answer, even if those lines are single words and fall well within all limitations. Finally, please be aware that neither the Common App nor the UCA ââ¬Å"spellchecksâ⬠your documents. For those of you who print previewed your documents after pushing the ââ¬Å"submitâ⬠button and noted some truncating, donââ¬â¢t despair. If you stayed within the character limit- in other words, if the application allowed you to type your entire answer, the data is still there. It is available to readers if they care to take the time to go back into the system and read the complete answer. I wonââ¬â¢t lie to you, however. Itââ¬â¢s not easy to retrieve the data, and itââ¬â¢s extremely unlikely that the average admissions reader will bother. And sad to say, spelling errors are yours to own. Keep in mind that you may correct both of these problems in alternate versions of your electronic application. You cannot resend, but you can make corrections for applications you send in the future. So what should you do? Preview- not just for typos but also for what shows up on the document. If truncating occurs in such a way that the response makes no sense, go back and edit. Look for extra words and tighten up your prose or paragraphing. For other responses, use standard or easy-to-understand abbreviations (capt. for captain). Do not use text-speak or nonstandard abbreviations. Unfortunately, there is a little more bad news for users of the Common Application. The Common Appââ¬â¢s system requirements list a limited number of ââ¬Å"supported browsers,â⬠which include modern versions of Internet Explorer and Safari, among others. Students using Safari, however, have reported problems previewing applications. And anyone using an older version of Internet Explorer or Chrome could be out of luck. Hopefully, these issues will be corrected in next yearââ¬â¢s version of the Common App. For now, youââ¬â¢ll just have to put up with the inconvenience and move your operation to a computer using a supported browser. You can go through some gyrations to make it work, but frankly, itââ¬â¢s usually easier to simply move computers. By the way, the Universal College Application does not have similar browser limitations or issues. In the event you are experiencing problems with your online application, do not hesitate to contact the various ââ¬Å"support centers. But whatever you do, donââ¬â¢t wait until the last minute. Responses can be significantly delayed depending on traffic to the site. [Republished with permission of Nancy Griesemer. Original article can be found at https://collegeexplorations.blogspot.com/2012/11/its-all-about-print-preview-or-why-your.html] Need assistance with writing a college application essay? Contact The Essay Expert at 608-467-0067 or through our Web Form. Save
Friday, November 22, 2019
Productive assessment Essay Example | Topics and Well Written Essays - 500 words
Productive assessment - Essay Example As a result he was able to see the different features and benefits that each product had to offer. Consequently, he could deduce the marketing rationale of why a certain model was more or less than another and what features one could expect to find on the model in the lower, median, and high end price ranges. Dee Fink of the Oklahoma Instructional Development Program labels this approach ââ¬Å"Doingâ⬠because Donaldââ¬â¢s exposure to the products permits him to categorize them and create an appropriate hierarchy in his mind from which to delineate a value for each product that he can understand and remember. Dr. Charles Bonwell conducts Active Learning workshops where he helps school teachers learn this technique. According to Dr. Bonwell, the purpose of his workshops is to train instructors to move away from the classical approach of relying almost exclusively on the lecture as the primary learning tool to moving into an environment where the student participates directly i n all aspects of his/her learning experience.
Wednesday, November 20, 2019
How is the analysis of a drama's plot, character, and theme different Assignment
How is the analysis of a drama's plot, character, and theme different from that of a novel, or a short story - Assignment Example Differentiating the analysis of the aforementioned literary works probably would lie on the approach of an individual to how one understands the story. In a novel or short story, the events are told in a conversational way so that the incidents are almost completely interpreted as to how he would have wanted it to be. In addition, descriptions of events and characters as well as their feelings make the analysis of a novel or short story easier. In drama however, since the unfolding of the story is seen in the conversations of the characters and lacks the authorââ¬â¢s explanation of their feelings, the interpretation relies more on the analysis of the conversations and the very words used. Also, as drama is made to be seen and heard like movies or plays, its analysis also involves the facial expressions, volume and tone of voices of the characters.
Monday, November 18, 2019
Intercultural communication class- research paper
Intercultural communication class- - Research Paper Example nships between these multicultural societies it is also very important to understand how the world today is characterized by an ever growing number of contacts that results from communication between people of different linguistic and cultural backgrounds (Samovar, 2006). This paper takes a stand that cultures plays an important role in determining the method of intercultural communication amongst the Hispanic community living in United States. Culture has different meanings although it is used to denote to a set of standards, values, art, practices and music of a particular group. Becker (2004) defines culture, as a complex whole that includes beliefs, arts, knowledge, morals, law, and any other capability and habit which is acquired by mankind within a society. Furthermore, he denotes that culture is normally acquired and learned, as opposed to biological traits which are inherited (Samovar, 2006). As we are made to comprehend that this was innovative against the background of colonialism, social evolution and racialism which were the most common ideologies during the nineteenth century (Davis, 2000). They are regarded as a highly group-oriented form of social setup. In this sense, Hispanics put strong emphasis on the family as the main source of the identity of an individual, and it protects against the hardships an individual passes through. People who do not have the capability of creating this set up are not easily trusted, and this process is very cautious (Toomey and Chung, 2012). The model of a family, amongst the Hispanics normally comprises of aunts, grandparents, cousins, etc. They use the term Familismo to describe their strong and supreme loyalty to extended families. Due to an emphasis on harmony, collectivity and corporation amongst the Hispanic people, this group normally emphasizes collective responsibility (Toomey and Chung, 2012). Within these groups, there is a very rigid definition of sex roles. The elderly are revered and very much valued
Saturday, November 16, 2019
Individuals With Asperger Syndrome
Individuals With Asperger Syndrome Asperger Syndrome (AS) or (Aspergers Disorder) is a neurobiological disorder named for a Viennese physician, Hans Asperger, who in 1944 published a paper which described a pattern of behaviors in several young boys who had normal intelligence and language development, but who also exhibited autistic-like behaviors and marked deficiencies in social and communication skills. In spite of the publication of his paper in the 1940s, it wasnt until 1994 that Asperger Syndrome was added to the Diagnostic and Statistical Manual of Mental Disorders, 4th. Edition (DSM IV) and only in the past few years has AS been recognized by professionals and parents. Individuals with AS can exhibit a variety of characteristics and the disorder can range from mild to severe. Persons with AS show marked deficiencies in social skills, have difficulties with transitions or changes and prefer sameness. They often have obsessive routines and may be preoccupied with a particular subject of interest. They have a great deal of difficulty reading nonverbal cues (body language) and very often the individual with AS has difficulty determining proper body space. Often overly sensitive to sounds, tastes, smells, and sights, the person with AS may prefer soft clothing, certain foods, and be bothered by sounds or lights no one else seems to hear or see. Its important to remember that the person with AS perceives the world very differently. Therefore, many behaviors that seem odd or unusual are due to those neurological differences and not the result of intentional rudeness or bad behavior, and most certainly not the result of improper parenting. By definition, those with AS have a normal IQ and many individuals (although not all), exhibit exceptional skill or talent in a specific area. Because of their high degree of functionality and their naivetà ©, those with AS are often viewed as eccentric or odd and can easily become victims of teasing and bullying. While language development seems, on the surface, normal, individuals with AS often have deficits in pragmatics and prosody. Vocabularies may be extraordinarily rich and some children sound like little professors. However, persons with AS can be extremely literal and have difficulty using language in a social context. While specific Asperger syndrome causes are not known, research is being conducted to understand Asperger syndrome and how it can be effectively treated. One study is using functional magnetic resonance imaging (fMRI) to show how abnormalities in particular areas of the brain cause changes in brain function that result in the symptoms of Asperger syndrome and other autism spectrum disorders. Other research includes testing the effectiveness of an antidepressant in individuals with Asperger syndrome who exhibit high levels of obsessive/ritualistic behavior. Another Asperger syndrome research study is collecting and analyzing DNA samples from a large group of children with Asperger syndrome and their families to identify genes and genetic interactions that are linked to Asperger syndrome. Although there are many possible symptoms of Aspergers syndrome, the main symptom is severe trouble with social situations. Your child may have mild to severe symptoms or have a few or many of these symptoms. Because of the wide variety of symptoms, no two children with Aspergers are alike. Parents often first notice the symptoms of Aspergers syndrome when their child starts preschool and begins to interact with other children. Children with Aspergers syndrome may. Not pick up on social cues and may lack inborn social skills, such as being able to read others body language, start or maintain a conversation, and take turns talking. Dislike any changes in routines. Appear to lack empathy. Be unable to recognize subtle differences in speech tone, pitch, and accent that alter the meaning of others speech. Thus, your child may not understand a joke or may take a sarcastic comment literally. Likewise, his or her speech may be flat and difficult to understand because it lacks tone, pitch, and accent. Have a formal style of speaking that is advanced for his or her age. For example, the child may use the word beckon instead of call or the word return instead of come back. Avoid eye contact or stare at others. Have unusual facial expressions or postures. Be preoccupied with only one or few interests, which he or she may be very knowledgeable about. Many children with Aspergers syndrome are overly interested in parts of a whole or in unusual activities, such as designing houses, drawing highly detailed scenes, or studying astronomy. They may show an unusual interest in certain topics such as snakes, names of stars, or dinosaurs. Talk a lot, usually about a favorite subject. One-sided conversations are common. Internal thoughts are often verbalized. Have delayed motor development. Your child may be late in learning to use a fork or spoon, ride a bike, or catch a ball. He or she may have an awkward walk. Handwriting is often poor. Have heightened sensitivity and become over stimulated by loud noises, lights, or strong tastes or textures. For more information about these symptoms, see sensory integration dysfunction. A child with one or two of these symptoms does not necessarily have Aspergers syndrome. To be diagnosed with Aspergers syndrome, a child must have a combination of these symptoms and severe trouble with social situations. Although the condition is in some ways similar to autism, a child with Aspergers syndrome typically has normal language and intellectual development. Also, those with Aspergers syndrome typically make more of an effort than those with autism to make friends and engage in activities with others.
Thursday, November 14, 2019
Heroin Legislation :: essays research papers
The Heroin War: Why We Must Change our Battle Plan If a single reason can be given to illustrate the urgent need for reform of the current Australian drug policy it is this; that the prohibition strategy is simply not working. The toll from heroin deaths in Victoria has risen 73 percent over the last ten years, addiction and overdose rates are soaring and the price of heroin is declining. The Federal Government is applauding the ââ¬Ëzero-toleranceââ¬â¢ regime. The Prime Minister displays the seizure of large amounts of the drug and apprehension of suppliers as proof that the law is working, while the obvious truth is illustrated on our streets. No matter how ââ¬Ëtough on drugsââ¬â¢ the government becomes they will never eliminate their presence in society. This is clear from the failure of the approach in other nations. For example the US carries out a drug associated arrest every 20 seconds, with no signs of any decline. All that prohibition succeeds in achieving is turning the drug trade into an illegal, dark and murky black market affair. We must now ask the question, are we going to stand staunch in policies which have proved to be unsuccessful or are we going to take a brave leap into a more hopeful future? There is great fear reverberating through the community; fear of stepping into a more open and frightening, yet decidedly more promising way of tackling the issue. Reform does not mean, as opposers argue, condoning the use of drugs. It means accepting that drugs are part, admittedly an unfortunate part, of our society which will not simply ââ¬Ëgo awayââ¬â¢. The refreshingly new ideas of controlled heroin trials, legal injecting rooms and greater availability of clean needles should be given consideration. Lightening of the law would bring drug use out of the shadows it has long inhabited, removing the violence, criminality and risk which go hand in hand with the current drug trade. It is argued that any easing of drug laws would reduce the cost, and increase the availability of street heroin, but if pure, safer heroin is prescribed under clinical conditions, will this not reduce the desire for heroin on the street? Casting light into the alleyways will surely lessen the sinister nature of the black trade. Addicts would not have to turn to crime to finance their habit and dealers would not have the violent hold over those they supply.
Monday, November 11, 2019
Bi Canadian Tire
CASE SYNOPSIS The IT group at Canadian Tire Corporation (CTC), located at the headquarters of a network of five major business groups, is faced with developing an implementation plan for the development of a business intelligence (BI) infrastructure and business capability at Canadian Tire Retail (CTR). Concurrent to this initiative is the development and implementation of an IT strategy for CTC that places a number of programs on the priority list, with BI seen as a high priority item for which the organization can score some ââ¬Å"quick winâ⬠business success.CTR is a major Canadian retailer of automotive, sports and leisure, and home products. CTR business analysts have had the benefit of working with an information warehouse for the past nine years. However, numerous technological, organizational and people challenges associated with the information warehouse have lead to the realization that a complete redesign of the information warehouse is required. Students are require d to analyse the business context of the BI initiative and identify the major challenges that will be associated with its development and implementation over the next 2. years. They will then develop an implementation plan that accounts for these challenges and ensures that CTC will be able to realize the full business value of these investments. Suggestedà Questions 1. What is BI and how can it help Canadian Tire? In the case there are 10 common challenges of BI implementations, which of these would you rate as most important for Eubanks and Wnek at CTC, and why? How would you address them? 2. To what degree do you think CTC/CTRââ¬â¢s organizational structure influences the business intelligence initiative?Specifically, what challenges will the shadow IT groups raise for the implementation of the BI strategy? Is this important? Why or why not? 3. Compare the exhibits that depict the current versus the future desired BI infrastructure. What challenges exist for the implementati on of the BI initiative? 4. Given your analysis, develop an implementation plan to project completion. This plan must lay out the priorities and address the major challenges you have identified.
Saturday, November 9, 2019
Background to Primary Justice in Malawi
BACKGROUND TO PRIMARY JUSTICE PILOT PROJECT In May 1999, the Malawi Government and DFID/MaSSAJ (Malawi Safety Security and Access to Justice) commissioned an external consultancy agency to conduct a study on Primary Justice in Rural Malawi, to investigate issues that are related to the protection, safety and access to justice by the poorest and most vulnerable groups in rural areas in Malawi. The research report revealed that between 80 to 90% of the population in Malawi access justice in the informal sector.However, it was again realized that the informal sector had several gaps which called for an intervention. Primary Justice Pilot Project was carried out from 2003- 2007 aiming to address the identified gaps. The project examined the various roles of marriage counselors, village head persons, Chiefs, religious and party leaders and government officials in dispute resolution. These service providers were found to be points of reference in matters relating to land, theft of farm pro duce, livestock, and household goods, witchcraft, matrimonial cases, inheritance issues and chieftainship, just to mention a few.The research revealed that there is urgent need to consolidate and develop locally credible and widely accessible systems of safety, security and justice that would operate within a human rights framework. The pilot project aimed to address a number of issues; 1. Capacity building of primary justice service providers 2. Enhancing record keeping and documentation of cases 3. Enhancing networking and linkages- referral mechanisms; between the formal and the informal 4. Public awareness 5. Dispute resolutionTo be able to achieve this, 14 District Implementing Agencies were identified and were referred to as ââ¬Å"Entry Pointsâ⬠for the pilot Districts. Basically the role of the Entry Points was to receive funds from the Managing Agency, CCJP Lilongwe, and use it to facilitate various activities which would aim to achieve the above five project objective s. Initially, GTZ was the Managing Agency and CCJP Lilongwe took over from November 2006 to March 2007, where the pilot project phased out. Currently, CCJP Lilongwe and DFID is finalizing the concept of Primary Justice Malawi, covering all the 28 Districts.
Thursday, November 7, 2019
Polska
Polska Gypsies: The forgotten victims of the Holocaust The Holocaust was a well-organized and ruthless persecution and annihilation of the European Jewry and other minorities, which was marked by increasing barbarity as the territories under German rule expanded. During the 12 years of Nazi domination millions of people including mentally ill, homosexuals, Poles, Russians, Catholic priests, Jehova's Witnesses, Gypsies, homeless and poor as well as many others perished in the name of pure, Aryan race. Hitler believed that "the stronger must dominate and not blend with the weaker"Ãâà where the ladder has to be eliminated if needed in order to persevere the greatness of the superior (Hitler 285). The European Jewry was targeted as the "sickness"Ãâà that had to be cured using "extraordinary"Ãâà but necessary methods. While examining the Holocaust one is forced to wander about its "Jewishness."Ãâà The question is not whether the Holocaust "had a distinctly Jewish aspect t o it"Ãâà but why thousands of other minorities that perished during that time are still not accounted for? To be more specific, one should also focus on the non-Jewish victims that were included in the genocide of the 1933-1945 period.Adolf Hitler in Yugoslavia.This concern stems from the fact that the annihilation of the Gypsies who were included in the "final solution remains one of the most neglected chapters in the history of that fateful era"Ãâà (Lewy VII).To gain understanding of Nazi agenda and its success, it is necessary to learn about the founding factors that contributed to its rise in power. National Socialism is the root of Nazism where its ideologies have been carefully crafted by numerous German thinkers as well as non-German writers such as Thomas Carlyle, Auguste Comte and Georges Sorel. The basic premise of National Socialism is "collectivism freed from all traces of an individual tradition"Ãâà (Hayek 183). Nearly...
Monday, November 4, 2019
Sickle cell anemia Research Paper Example | Topics and Well Written Essays - 2500 words
Sickle cell anemia - Research Paper Example Most people do not know the difference between the sickle cell disease and the sickle cell trait and instead they ignore all this and discover only after the baby has been screened and found to have the trait or the disease. If the mothers were aware about the sickle cell anaemia, they would go for screening but for most mothers they are not aware of the disease and they therefore cannot be educated on how to take care of themselves and their children when it comes to anaemia. Sickle cell anaemia has been said to be mostly evident in African- American women. The interview taken showed that most of them were not aware that the disease is most prominent among them and they were not aware of what to do if they are found to be having the said disease. The demographics of the sample show that most of the women who were interviewed are paid below 50,000 dollars. An interview should have been conducted that shows the search relating to those women who are paid above 50,000 dollars in order to reflect how poverty contributes to the disease. This would have shown if most of the women who are paid over 50,000 dollars have been screened and if they aware about the disease or if it is just a matter of ignorance from everyone. The sample was only focused on African -American women who earned less than 50,000 dollars. It would have been widened to include women who were not African-American so that it can be shown that the disease is mainly prone to African-American women. This would have created the distinction between other ethnic groups and tribes and the African- American women. The sample indeed showed that most of the pregnant women were not aware about the disease but this could be so because they do not receive any education regarding the disease and therefore get into relationships without knowing if they have the disease or not. Others choose not to share such information to their partners out of fear of what would happen if they gave out such information. It has b een said that most of the women fear telling their husbands that they have the disease. A sample of husbands who have sickle cell or those whose children have sickle cell should also have been included to see if they are aware of how the disease is transferred. Ignorant husband are also a contributory factor to the spread of the disease. If you take an example of the men who have sickle cell anaemia, a fraction of the men would have portrayed that most of them did not share with their wives the fact that they had anaemia. Another study would have been carried out for those husbands who did have the sickle cell disease to reflect whether they shared the fact to their wives and if they shared it what precautions they took. The spouseââ¬â¢s ignorance too, leads to the spread of the disease as much as it is a disease that is rampant among pregnant mothers. The knowledge of one of the spouses would have contributed a great deal if they shared the fact to their partners. Since their pa rtners do not want to tell their wives that, they have sickle cell anaemia and on the other hand, the wives fear telling their husbands this leads to a situation where the disease is only discovered while giving birth. A sample of the children with anaemia should have been taken to reveal whether the children are aware of the disease or for those who have it whether they are on medication or if they are on treatment for the same. A great risk is
Saturday, November 2, 2019
Current Problems with the US Public Education Essay - 103
Current Problems with the US Public Education - Essay Example Low-income is the source of poverty for a number of Americans today. According to (Strauss 1), the numbers of students of children, from preschool to 12th grade, that benefit from the federal free and subsided feeding have increased exponentially over the years.Ã Children from low-income backgrounds now dominate most of the public schools. Despite the magnitude of the problem, the federal education policy has not considered poverty to be a major challenge to the education system in the United States. It is obvious that students find it difficult to cope with school hence ends up missing classes or are psychologically affected by the poverty levels in their homes. To emphasize the magnitude of the problem of poverty, a study by National Student Clearinghouse Research Center showed that schools with high-income students sent more students to college as opposed to those that have been sent by schools dominated by low-income students (Strauss 1).The No Child Left Behind Act is one of the major policies that give the parents a leeway to choose schools for their children. The law allows parents to consider taking their children to schools of their choice while at the same time providing a free tutoring platform for schools that do not perform well. Safety is also captured as a major consideration in the choice of the school that the parent prefers. The law provides that both local and state school districts should provide information to the parent in order to make an informed choice of the school to take their child.
Thursday, October 31, 2019
The assignment it is a cross culture communication subject and it a Case Study
The assignment it is a cross culture communication subject and it a - Case Study Example es great challenges in business and, therefore, increase management costs (Lifang 2).The paper provides means/strategies that can help to solve some problems that have been facing Mr. Salih in XYZ multinational corporation. The strategies need approval of the corporateââ¬â¢s top management. In addition, the strategies were designed by the corporate head of human resource. Globally, multi-national corporations are facing personal conflicts, business industry conflicts, and more clashes that results from differences in attitudes, sources of information, and, as well as differences in personality, perception ,values and ideology. However, although conflict can be a psychological and behavioral form of confrontation. These conflicts will have an effect on the quality of work environment, development of the corporation, management efficiency as well as survival of the organization if it is not handled properly. For instance, the empirical importance of Western style of thinking and the Asian interpretation mode of thinking in the corporateââ¬â¢s cross-cultural communication can always constitute result of conflict, therefore, business managers need to attach significant attention and importance to it. However, the national culture formation can also bring about a variety of solutions and also patterns of behaviors to challenges; thus, cross-cultural related conflicts have happened mostly. Behavior pattern is clearly explicit in the style of national culture that is a fixed structure and recognized by people in a similar group through direct communication. Diverse cultures result to a variety of behavior patterns. Similarly, different behavior patterns might show a big conflict. However, cross-cultural situation exerts a lot of impact on the management of the corporate in different means. They always play a function without being easily noticed. The moment people realize the form of influence they have, the outcomes have been formed already. Most corporates in the
Tuesday, October 29, 2019
Greece Crisis Essay Example for Free
Greece Crisis Essay Years of unrestrained spending, cheap lending and failure to implement financial reforms left Greece badly exposed when the global economic downturn struck. This whisked away a curtain of partly fiddled statistics to reveal debt levels and deficits that exceeded limits set by the eurozone.Greece was living beyond its means even before it joined the euro. After it adopted the single currency, public spending soared. Public sector wages, for example, rose 50% between 1999 and 2007 far faster than in most other eurozone countries. The government also ran up big debts paying for the 2004 Athens Olympics. And while money flowed out of the governments coffers, its income was hit by widespread tax evasion. So, after years of overspending, its budget deficit the difference between spending and income spiralled out of control. Moreover, much of the borrowing was concealed, as successive Greek governments sought to meet the 3%-of-GDP cap on borrowing that is required of members of the euro. When the global financial downturn hit and Greeces hidden borrowings came to light the country was ill-prepared to cope. Debt levels reached the point where the country was no longer able to repay its loans, and was forced to ask for help from its European partners and the IMF in the form of massive loans. In the short term, however, the conditions attached to these loans have compounded Greeces woes. How big are these debts? National debt, put at â⠬300 billion ($413.6 billion), is bigger than the countrys economy, with some estimates predicting it will reach 120 percent of gross domestic product in 2010. The countrys deficit how much more it spends than it takes in is 12.7 percent. So what happens now? Greeces credit rating the assessment of its ability to repay its debts has been downgraded to the lowest in the eurozone, meaning it will likely be viewed as a financial black hole by foreign investors. This leaves the country struggling to pay its bills as interest rates on existing debts rise. The Greek government of Prime Minister George Papandreou, which inherited much of the financial burden when it took office late last year, has already scrapped most of its pre-election promises and must implement harsh and unpopular spending cuts. Will this hurt the rest of Europe? Greece is already in major breach of eurozone rules on deficit management and with the financial markets betting the country will default on its debts, this reflects badly on the credibility of the euro. There are also fears that financial doubts will infect other nations at the low end of Europes economic scale, with Portugal and the Republic of Ireland coming under scrutiny. If Europe needs to resort to rescue packages involving bodies such as the International Monetary Fund, this would further damage the euros reputation and could lead to a substantial fall against other key currencies. If Greece does not repay its creditors, a dangerous precedent will have been set. This may make investors increasingly nervous about the likelihood of other highly-indebted nations, such as Italy, or those with weak economies, such as Spain, repaying their debts or even staying inside the euro. If investors stop buying bonds issued by other governments, then those governments in turn will not be able to repay their creditors a potentially disastrous vicious circle. To combat this risk, European leaders have agreed a 700bn-euro firewall to protect the rest of the eurozone from a full-blown Greek default. Moreover, if banks in the weaker eurozone countries that are already struggling to find enough capital are forced to write off even more loans they have made something that becomes more likely if the eurozone economy falls deeper into recession they will become weaker still, undermining confidence in the entire banking system. Eurozone banks may then find it even hard to borrow, and therefore to lend, potentially sparking a second credit crunch, where bank lending effectively dries up, hurting the economy further. This problem would be exacerbated by savers and investors taking money out of banks in vulnerable economies, such as Greece, Portugal and Spain, and moving it to banks in safer economies such as Germany or the Netherlands. These potential scenarios would be made immeasurably worse if Greece were to leave the euro. The country would almost certainly reintroduce the drachma, which would devalue dramatically and quickly, making it even harder for Greece to repay its debts, and setting an even worse precedent. So what is Greece doing? As already mentioned, the government has started slashing away at spending and has implemented austerity measures aimed at reducing the deficit by more than â⠬10 billion ($13.7 billion). It has hiked taxes on fuel, tobacco and alcohol, raised the retirement age by two years, imposed public sector pay cuts and applied tough new tax evasion regulations. Are people happy with this? Predictably, quite the opposite and there have been warnings of resistance from various sectors of society. Workers nationwide have staged strikes closing airports, government offices, courts and schools. This industrial action is expected to continue. How are Greeces European neighbors helping? Led by Germanys Chancellor Angela Merkel, all 16 countries which make up the euro zone have agreed a rescue plan for their ailing neighbor. The package, which would only be offered as a last resort, will involve co-ordinated bilateral loans from countries inside the common currency area, as well as funds and technical assistance from the International Monetary Fund (IMF). According to a joint statement on the EU Web site, a majority of the euro zone States would contribute an amount based on their Gross Domestic Product (GDP) and population, in the event that Greece needed support after failing to access funds in the financial markets. This means Germany will be the main contributor, followed by France. Although the announcement did not mention any specific figure, a senior European official quoted by Reuters said that the potential package may be worth around 20 billion euro (US$26.8 billion). However any European-backed loan package requires the unanimous approval of European Union members, meaning any euro zone country would have effective veto power. By the end of 2009, as a result of a combination of international and local factors the Greek economy faced its most-severe crisis since the restoration of democracy in 1974 as the Greek government revised its deficit from a prediction of 3.7% in early 2009 and 6% in September 2009, to 12.7% of gross domestic product (GDP). In early 2010, it was revealed that through the assistance of Goldman Sachs,JP Morgan Chase and numerous other banks, financial products were developed which enabled the governments of Greece, Italy and possibly other countries to hide their borrowing. This had enabled Greek governments to spend beyond their means, while meeting the deficit targets of the European Union and the monetary union guidelines. In May 2010, the Greek government deficit was again revised and estimated to be 13.6% for the year, which was one of the highest in the world relative to GDP. Total public debt was forecast, according to some estimates, to hit 120% of GDP during 2010, As a consequence, there was a crisis in international confidence in Greeces ability to repay its sovereign debt. In order to avert such a default, in May 2010 the other Eurozone countries, and the IMF, agreed to a rescue package which involved giving Greece an immediate â⠬45 billion in bail-out loans, with more funds to follow, totaling â⠬110 billion. In order to secure the funding, Greece was required to adopt harsh austerity measures to bring its deficit under control. Their implementation will be monitored and evaluated by the European Commission, the European Central Bank and the IMF. On 15 November 2010 the EUs statistics body Eurostat revised the public finance and debt figure for Greece following an excessive deficit procedure methodological mission in Athens, and put Greeces 2009 government deficit at 15.4% of GDP and public debt at 126.8% of GDP making it the biggest defici t (as a percentage of GDP) amongst the EU member nations (although some have speculated that Irelands in 2010 may prove to be worse). The financial crisis ââ¬â particularly the austerity package put forth by the EU and the IMF ââ¬â has been met with anger by the Greek public, leading to riots and social unrest. Despite the long range of austerity measures, the government deficit has not been reduced accordingly, mainly, according to many economists, due to the subsequent recession. Consequently, the countrys debt to GDP continues to rise rapidly. The Greek public sector continues to be bloated, but the government has been reluctant to make civil servants redundancies. Immigrants are sometimes treated as scapegoats for economic problems by far-right extremists. Why should Greece Default. Contagion. Unemployment. Haircuts. Seemingly endless summits of the Troika. The news coming out of Europe continues to be bleak and at the center of the storm is Greece, a Eurozone member drowning in its sovereign debt. In the shadow of the global financial crisis of 2008, the specter of a disorderly Greek default has spooked investors and policymakers alike. Greece, a country that contributes less than 3% of Eurozone GDP, is holding the international economy hostage. The uncertainty arising from ineffectual rescue packages, prolonged negotiations, and poor implementation of austerity measures is slowing foreign investment in the EU and increasing volatility on the exchanges. Decisive action is desperately needed, but when will it come? It is in both Greece and the Eurozoneââ¬â¢s best interest for the inevitable to take place, now, before more rescue packages tie Greece to unachievable goals in the short run. Greece should default and begin the painful process of recovery outside of the Eurozone. The Greek crisis is testing the long-term viability of the euro experiment, an integrated European fiscal and monetary union, with supranational standards for spending and taxation, a common central bank, and a common currency. Ironically, a leading motivation for the establishment of the Eurozone was to protect Europe from U.S. financial disruptions, when, in fact, the reverse scenario seems of greater concern today. With the possibility of Greeceââ¬Ës sovereign debt default, banks, bondholders, and private creditors ââ¬â those with high levels of exposure and counterparty risk ââ¬â are on high alert and shaping (if not delaying) negotiations. The EU makes up 20% of the global economy and constitutes the largest single market by GDP. In the Eurozone alone there are roughly 320 million people, comparable to the United States. But unlike the U.S. dollar, a national currency in a Federalist system, the euro is issued in states that maintain drastically different fiscal policies. How can policymakers realistically balance the interests of economic powerhouses like France and Germany, who contribute 50 percent of Eurozone GDP, with the interests and needs of the other fifteen member-states? The challenge before policymakers is to deepen European integration ââ¬â the move toward political, economic, and cultural homogeneity ââ¬â in order to sustain a Eurozone, while realizing when a line needs to be drawn in order to keep the whole thing from falling apart. From a political standpoint, Greece does not appear to be adjusting with sufficient speed to justify inclusion in the zone. Its government is under siege; tax evasion is endemic across all levels of society; and people no longer trust the government due to its inept handling of the budget, most notably in the cooked books of the Papandreou government. From an economic standpoint, the longer the Eurozone waits to act, the more Greeceââ¬â¢s balance sheet deteriorates. Since 2008, economic output has fallen by 6.5% and debt as a percent of GDP has skyrocketed from 133% to 163% on a linear projection. Interest rates will continue to go up. And culturally, it is time to accept and acknowledge the societal differ ences that give Europe its charming vibrancy. Put another way, when the Germans go to bed, the Greeks go out to dinner. Some things will likely never change in Europe and the architecture of the Eurozone needs to account for that. Is there light at the end of the tunnel for Greece? In fact, recent economic history offers some cause for optimism. In December 2001, Argentina experienced the largest default on sovereign debt the world had ever seen. Like Greece, the default had been preceded by a decade of toxic economic policies, mismanagement, and corruption. A political crisis culminating in five different presidents over the course of two weeks exacerbated the economic situation. After accepting 22 billion dollars in aid through debt reduction deals and other channels by the end of 2001, Argentina had made little progress in the way of reform. The default was disorderly and disruptive. But after drastic moves, including unpegging the Argentine peso from the U.S. dollar, and a series of post-default investments from the international community, Argentina rebounded with remarkable success. Today, you are more likely to read about the burgeoning start-up culture and innovation centers of Buenos Aires than you are about bailouts and unemployment. There is a path f orward for Greece, but the time to default is now. Of course, innovation centers wonââ¬â¢t hurt either. Whether you should follow a particular political or economic policy depends very much on the costs and benefits of following said political or economic policy. If the costs are higher than the benefits then of course you shouldnââ¬â¢t be doing it: this is just standard logic. We can go further too. If youââ¬â¢ve got two and only two unpalatable options then you should go for the one that has the least costs, is the least painful. Which is why Greece should default altogether on its debts and leave the euro. The standard mainstream solution for a country with Greeceââ¬â¢s problems is exactly that: if the debt is too much to pay then donââ¬â¢t pay it. Better that some lenders lose their money than an entire population get screwed down into poverty to pay it back. That might not be quite fair on the lenders but tough: people before profit. And this has at least been partially done with the private sector holders of Greeceââ¬â¢s debt all taking a 70% haircut last month. It ââ¬â¢s the second part of the standard solution (and yes, this is the entirely standard solution, the sort of thing the IMF recommends) is to devalue the currency. For if you donââ¬â¢t youââ¬â¢ve got to have years, decades even, of grinding austerity to try to regain economic competitiveness. But, of course, being in the euro, Greece cannot do this. So Greece must leave the euro. From the other side the standard objection is that Greece is still running a large budget deficit. This means that a default cannot be done for the government will still need to borrow money just to pay the police and the pensions. So while in theory a default and devaluation would be better than grinding austerity it just cannot be one. But this is to miss the point that Felix Salmon makes: Once you strip out Greeceââ¬â¢s debt payments, the countryââ¬â¢s primary deficit is pretty modest ââ¬â just 1% of GDP or so. There are two different budget deficits. The one where we include all the interest that has to be paid and the one where we donââ¬â¢t that latter being the primary deficit. So, with a default then the interest wonââ¬â¢t be paid. And the Greek Government will then have to cut spending (or raise taxes) by 1% of GDP because they cannot borrow any more. The point here being that this is less cuts than theyââ¬â¢re already being told they have to do. Balancing the budget without having to pay the interest will be easier than what theyââ¬â¢re being told they have to do to stay inside the euro. And devaluation will make recovery a great deal easier than decades of internal austerity. Thus it is actually in Greeceââ¬â¢s own interest to default on the outstanding debts and to leave the euro and devalue the New Drachma. Not that theyââ¬â¢ll have much choice about that last of course. WHY SHOULD GREEECE NOT DEFAULT. 1. Things could get really messy. One of the biggest problems about having a country exit the Eurozone is that this feat was neither planned for, nor has ever been attempted before. Who knows what can happen? For all we know, the situation could get even messy. If Greece gets booted out of the euro zone, theyd have to revert back to using the drachma and this alone is a daunting task. The Greek government would have to make sure that this process goes through without a glitch in order to prevent a flight of capital and social unrest. Now thats a tall order considering how Greece cant seem to come up with a stable government to begin with. 2. A bank run could take place in Europe. Even if Greece manages to reintroduce the drachma, a massive capital outflow from Greece is still very likely as financial institutions and investors wont be willing to put their money in such an unstable environment. With the rest of the PIIGS nations being touted as next in line to exit the euro zone, large amounts of money are likely to flow out of these countries as well. 3. It might lead to a euro zone break-up. Economist Nouriel Roubini pointed out that, unless Portugal and Ireland are able to restructure their debt successfully, they could wind up following Greece out of the euro zone. Although he mentioned that an exit by these smaller countries probably wouldnt disrupt the entire region or the global financial market, he also remarked that the existence of the euro zone would be in jeopardy once the bigger debt-ridden countries such as Spain and Italy think of leaving. On top of that, the ECB and several euro zone countries hold a part of Greeces debt in their balance sheets, which means that a Grexit and the debt default that could follow would force them to realize large losses. And if the finances of the ECB or Germany are in shambles, who would be left to save the euro zone? 4. Another Lehman tragedy waiting to happen? Several analysts are also worried that a Grexit would eventually lead to a Greek debt default, which could result in a credit freeze similar to what happened when the Lehman Brothers declared bankruptcy in 2008. At that time, banks were unable to absorb the losses and the chain of bankruptcies that followed, eventually leading to a financial crisis. This time around, another financial meltdown could take place if investors, banks, and other governments are forced to accept losses from holding Greek debt. Firewalls could collapse, banks could refuse to lend, spending could be constrained, and another global recession could be possible. Of course, Big Brother Germany is keen on preventing a full-blown crisis from happening, with analysts speculating that euro zones top economy would come up with a Grashall Plan or a Marshall Plan for Greece. Under this proposed mega-bailout package, Germany and the rest of the euro zone nations could pool billions of Euros in order to buy Greece more time. Then again, another bailout package could be accompanied by stricter austerity requirements, which Greece is neither willing nor able to carry out. With that, it seems that a Grexit isnt a matter of if, but rather a question of when.
Sunday, October 27, 2019
Corporate Strategy for Iranian Car Industry
Corporate Strategy for Iranian Car Industry Abstract The purpose of this research is to come across an effective and implemental strategy for Iranian car industry to become an export player in the Middle-East region. With consideration the importance of market development for international auto makers, the Middle-East market is evaluated and Iran as a case study is looked over in terms of its potential automobile market and developing opportunities in Iranian car industry to become a manufacturing partner for international players. Through out a review of Iranian economy and the position of auto sector in Iran economy, the difficulties of growth and development, the role of government- as the regulator- are discussed briefly and the effect of international auto makers -in the past and future- is analyzed. On this basis, we point out the main troubles of the current auto industrys structure and the government dilemma to set its policies. At the end we suggest a reform in the structure and strategy of both assemblers and suppliers to ent er to the international markets. Keywords: Operation strategy; Iran auto industry; Globalization, Regionalization, Industry study Introduction Irans economic performance has begun to improve slowly after a decade of recession which was caused by the long and costly war with Iraq and fluctuations in oil prices. In the decade ending in 1998, GDPs growth per capitals started to rise, although the average was only 3 percent per year. (Economic reports, the World Bank Group) The automotive industry, as one of Irans most promising industries, was the countrys fastest growing industry with the average annual growth of 27.2% between 1995 and 2000 which was 5.5 times of the country average industrial growth. (Economic Focus, Iran Daily News). The domestic vehicle production is growing quickly but it is highly protected, and only in highly exceptional circumstances can Iranians import cars from abroad. Locally produced cars have a reputation for poor quality and have contributed to the dangerously high pollution levels. Also, Iranian firms were not able to satisfy the domestic market in terms of quantity. Demand for automobiles, particularly passenger vehicles, far exceeds the supply. In fact, more than 450,000 people pre-purchase automobiles every year and wait approximately two years to receive them. As a result the government, which wants to raise unit production and improve domestic industry in line with industrialization program, hopes to stimulate competition as part of the effect to make the economy less dependent on oil. In order to follow the market reform plans and provide better circumstances for the countrys main industries such as petrochemical industry, textile and etc, President Khatami (since August 1997- 2005) in 1999, announced an ambitious program to privatize several major industries which included auto industry as a part of total restructuring of Iranian economy. Currently 13 public and privately owned auto maker exist in Iran. The largest vehicle manufacturing company is Iran Khodro with an average share of 60.90% percent of domestic vehicle production, as the main government-controlled carmaker and Saipa is the second one with 32.70%. Subsequent to the development program, automakers have been encouraged to review the way in which their strategies will be developed in the future and to extend a range of strategy options that might enhance their position. Consequently, most Iranian auto makers have been encouraged to join ventures or any other strategic alliances with foreign auto manufacturers to meet the increasing demand (www.ikco.com). On the other hand, in looking at the automobile market generally, during the past few years, it might be observed that after a period of growth from 1997 to 2000 -resulting from the exceptional boom in US economy and the upturn in Europe-but the automobile market especially in North America and Europe has entered a consolidation phase because of overcapacity. The market is mature in developed countries such as those of Western European countries and US market where nearly 90% of sales of new vehicles are now accounted by replacement purchases. Also, in Far East-Japan and South Korea-, overcapacity is a highly sensitive problem (REINAUD, 2001), whereas in Middle-East region, vehicle out put is 6% of total global output in comparison with 29% in Europe and 30.2% in US (carmakers Annual report,*DRI). Thus, some auto manufacturers might be looking for new methods to penetrate the auto market in Middle-East in order to gain more market share over their competitors. If these companies do become partners, Iran will be an option to emerge as a major regional car manufacturer, serving the Middle East beside Other countries in the region, particularly Egypt and Turkey which have substantial car assembly arrangements. The following companies have signed cooperative agreements and their products are either already on the market or are to be introduced in the near future: Frances Peugeot with Iran Khodro. Koreas Kia Motors with Saipa. Frances Citroen with Saipa. Korean Daewoo and Kerman Motors. Optimus of the UK with Renus. Proton of Malaysia with Zagros According to the French automaker Peugeot, Iran has one car for every 21 people. Turkey has one for every 12, while Western European countries and Japan have nearly one car for every 2 people (www.peugeot.com). That indicates market growth potential, and the reason that foreign car manufacturer might be interested in the Iranian auto market. In this research the current auto industry situation in Iran will be analyzed and it will be evaluated in relation to its future strategy consequent upon growth in terms of output quality and ability to serve the domestic market, but also to play a major rule in region and become a truly international car manufacturer and exporter in Middle-East. To achieve a rich understanding of the current situation and examine the environmental position to meet the research objectives, other developing countries auto industry examples like China, India and Turkey will be investigated and analyzed as examples, while the regional circumstances, business environment and other specific characters of Irans economy e.g. the role of government , economic condition and Irans regulations will be considered to find out the most appropriate strategy for Iran car industry. The research question for the chosen topic is What would be the most effective strategy for Iranian car industry to become a major player in the Middle-East market? From this research question, the following objectives would be appropriate to evaluate: To evaluate existing methods of development strategy in the Iranian auto industry, To identify the best possible methods of development strategy for domestic and foreign companies, To recommend how such a strategy can be implemented. The background of the research is set with a brief discussion on the changes have happened in the world of auto industry, the consequent of globalization, the dynamic and diversity of demand in auto market and the auto makers difficulties to respond to new market characteristics while maintain the ability to make profit. Our goal in this paper is to propose an efficient strategy to . The paper has the following structure. Section 2 gives the brief literature review. Section 3 analyses the competitors in automobile Middle East market. Section 4 introduces the Iranian auto industry case. Section 5 presents the growth and development problems in Iranian auto industry. Finally, section 6 is devoted to conclusions and future works. The remainder of this paper is organised as follows. Section 2 summarises the development of Iranian production and exports in the car industry compared to other major exporters in the world. It also explains why Iranian export growth has remained much below production growth. Section 3 develops the empirical export model and describes the variables and data. Then, the model is estimated in Section 4. Estimation results are analysed and a sensitivity analysis is proposed. Section 5 estimates the Iranian export potential with regard to the main foreign markets, while Section 6 concludes. Literature review History of globalization Humans have coined the word Globalization to describe widely traded activities that take place across the continents which are aided immensely by diminishing international trading regulations negotiated through the World Trade Organisation. Globalization is a combination of many -manufacturing, trade in services, supply chain management activities which have been affected positively by a fast technological development in few last decades. As Friedman (1999) argues, what is new today is the degree and intensity with which the word is being tied together in to a signal globalized market place and village. What is also new is the sheer number of people and countries able to partake of today globalized economy and information network, and to be affected by them this new era of globalization is turbocharged. As it can be observed, that this noticeable international integration is not just in economics, but in politics and cultures are as well. However, it needs to be recognised that the speed of these changes and growth of integration is different across the world. In some countries and regions the trend of globalization is rapidly increasing while in other parts the pace is much slower and globalisation is not welcomed at all. Nevertheless, regardless of the effects of globalisation no country can afford to ignore its impact on their political and economical circumstances. Likewise, the rate of change is different in various industries as is the strategic response of different business sectors to take advantages of exploiting new business opportunities. Although the merchandise trade, capital investment and labour migration started from 1850-1914, and the economy was more open than it is today in terms of the existing tariffs and trade barriers, but it was not globalized. Just the year following the Second World War and through reconstruction of war, the world has started to establish institutions to open up trades and ensure currency stability such as GATT and IMF, which caused massive increase in the economic growth level. According to Dicken (2003), world trade increased at an average annual rate of 6.7 per cent between 1948 and 1953. Between 1958 and 1963 the rate rose to 7.4 per cent and between 1963 and 1968 it accelerated further to 8.6 per cent. So people experienced a boom period up to 1970s when the first oil crisis has occurred. The United States, which suffered less during the Second World War, increased its foreign investment and after a while the US companies started to move into Western European countries and create interdependencies across world markets. Europe and Japan which mainly focused on rebuilding their economies after the war joined in this and also expanded their positions in the market place and on the economic map after the mid-1980s. (Hill, 2005) Also, because of the necessity of promoting global interdependencies, the United Nations was established to maintain world peace and security and so help the spread of industrialisation and world trade. The main drivers of globalization Apart from the history of globalization there were several main drive points that enhanced the process of globalisation. From the Johnson and Turners (2003) point of view one of the main globalization drivers was the changing economic paradigm. The new approach for managing economy was based on limitation the government role and neo-liberalism. Limiting the role of government provides the situations for businesses to progress and boom. As the Hill (2005) says, major changes occur as new economic and political institutions develop, with movement from traditional, non competitive institutions to competition-based capitalistic economies and democratic institution. So the market was relied on to force the pace of competition. Little by little the liberal economy became an external economic policy and the General Agreement of Tariffs and Trades (GATT) set up to support this philosophy. As a result of GATT and afterwards its successor organization- WTO-, there was a great reduction in tari ffs barriers and non-tariffs barriers for participating countries which help them established and spread their liberal economic policy. The second globalization driver is the spread of international governance and regulation. More international rules and policies developed for business environment, especially in regional level aimed at reducing the barriers in economic market among GATT contracting and WTO members. Also spreading e-commerce as a technological consequent has brought new issues in terms of traditional governance structure. Therefore, by passing the time and more international integration, the trade and market regulation were less under the national states control. According to Johnson and Turners (2003) argument finance and capital spread is another driver of globalization. Necessity of financial and capital movement following the market deregulation and economic liberalization has supported by national rules and has facilitated by technological development and ease the financial transactions. All might agree that the technological development, mainly in information technology and communication sector, has played an important role in globalization. However none of them is the cause of globalization, Dicken (2003) argued, without these technologies the current complex global economy system could not exist. Shrinking time and space by innovated technologies was a great opportunity to reorganization and redefinition the commercial and economical structure. Most of industrial sectors are affected by innovations and changes in technologies especially in manufacturing system with a high influence on value chain. Transportation technology has changed dramatically from 1840 to 1960 which was a development period from steam locomotives to high speed aircraft. Therefore, new transportation systems and their wide usage with cheaper prices have brought global shrinkage. Also in communication and its convergence with computer technology development has facilitated more effective networ ks within and between enterprises. All of these technological conveniences provide links across borders and spread globalization in economic term. Social and cultural convergence might be seen as a driver for globalization. The effect of mass media and usage of internet make the consumer preference more common in global market. As Johnson and Turner (2003) mentioned, similar taste of consumer in different parts of the market creates the opportunity to promote global product. So we can claim that the cultural and social similarities make the conditions available for globalization. Also transferring new technologies has brought about more products in greater varieties at lower costs and prices. Consequently standards of living and peoples expectations rise as well. Mode of entry and expansion methods In simple terms, globalization is an opportunity for companies to expand their market, their value chain and their business across borders. But the point is how effective can companies use these opportunities to make more profit and enjoy sustainable growth. What factors should they consider to make decision to choose an investment option to carry on their development strategy? Global supply chain and its dimensions Apart from different modes of entry available for firms to get advantages from globalization and to move across borders to expand their market, other advantages may be gained through developing global supply chains. The production of any good or service can be conceived as a production chain that is, as a transactionally linked sequence of functions in which each stage adds value to the process of production of goods and services. (Dicken, 2003) The firms try to differentiate their value chain in order to add more competences by using the advantages of each production chain requirement in different part of the world. However, build a global value chain might make it fragmented while the control and management of a global network is more difficult. From Dickens point of view there are three important dimensions in production networks: First is governance which means how they are coordinated and regulated. In the case which varying combinations and interrelationships of different kind of companies and firms might perform in a production network, As Dicken says, the market is the main organizer of external transactions, in contrast with the case which the entire network operated with a single firm and internal organizational structure governs transactions. (Dicken, 2003) The second important dimension in production network is spatiality and how they are conFigured geographically. By increasing the emergence of global production network, network organizing is changing from geographically concentrated to geographically dispersed. The third issue is territorial embeddedness the extent to which they are connected in to particular bounded political, institutional and social setting. (Dicken, 2003) information technology and other new technologies have made space and distances meaningless. Most types of capitals are mobile and all of them can easily move from one place to another. However transportation and communication technology has developed as well, capital does moves within spaceless world. Place is still an important issue, as firms are highly affected by the cultural, socio-political and institutional context of the territorial they are embedded. Therefore multinational firms try to take advantages of differences within regulations and socials in various places while, bringing different state with different regimes in count within a production network makes the situation more complex to control and to take benefits from. Since 1999 and strongly growth of globalization, the same as other important and effective phenomena, globalization has a positive view wave that strongly recommend it and a negative wave against it which moves from developing country to developed countries during these years. Arguments about globalization success or failures do not have any satisfactory result, while globalization can be observe and discussed to understand both negative and positive sides of it. Growth of regionalism Although the speed of globalization and integration in the world market has increased during past decades under the General Agreement on Tariff and Trade (GATT) and more recently by World Trade Organization (WTO), the regional agreement and the debate on the desirability of regionalism has grown as well. By the beginning of twentieth century most of the counties were part of a regional integration. However one might argue that the reason of regional integration is more political than economic explanation, it can not be ignored any more as almost 50 per cent of all world trade is within regional trade agreement. As a result of that, there is fear within WTO and other international institutions that regionalism takes the place of globalization and make a stumbling block toward further global trade integration. (Lung Van Tulder, 2004) Nevertheless there are different forms of regional integration and each of them affects global market more or less while the time of their integration pr ocess is various. The dynamics of automobile market Although some changes had happened in the composition and geography of automobile demand, the concentration of automobile industry in three major global regions face auto companies in these regions with the overcapacity problem. The highly market-oriented of automobile production caused its development be based on affluent consumer markets to achieve the economy of scale. But during the years, the automobile consumer markets in three developed region has developed as well. As Dicken argued in the Global Shift (2003), the changing demand for Automobiles has three major characteristics: It is highly cyclical. There are long term (secular) changes in demand. There are signs of increasing market segmentation and fragmentation. ( Dicken, 2003) The competitors Despite the fact that NAFTA, EU and Japan are the main developed region in both production and trade in auto industry sector, other countries have started restructuring this sector in line with their economic reform. The obvious example might be China and India which both are gaining a sustainable growth in the last decade. Also Turkey has emerged as a new automobile producer in line with other industrial changes aim to become qualified to join European Union. Turkish auto industry Turkey auto industry has been developing due to the well strategic planning applied by the Turkey government by the way in which they opened their country to the global world. They have started their industry as a montage (CKD or SKD) in 1960 and have turned it to manufacturing part after a few years in 1966 trough licensing agreement and dealer-assembler with American and European firms. Gradually the government attempted to adapt an export-oriented strategy; consequently it started to liberalize the importation of cars gradually and reducing the tariffs. Meanwhile it provided some financial supports for upgrading themselves to international acceptable condition. But the main change which caused a revolution in Turkey car industry was the customs unionization agreement in 1995 with European Union which followed by a new restructuring in their auto industry. To harmonization the administrative and regulatory structure of the industry, Turkish government has established an accreditation council to prepare the documents for new adaptation the issues and procedures of exporting in line with European countries. However the Turkey supposed to complete the adaptation and remove all tariffs by 2001, they have not completed it yet and it seems the Turkeys auto industry has not well prepared for full liberalization. Although adaptation a new regime from Turkey government which obligate importing vehicle companies to prepare service facility and aftermarket parts for customers within a country was a great opportunity for domestic firms to become involved with providing spare parts and services. Even though it was not a stable macro environment after 1997-1998 Russian and Asian crisis and again December 2000 crisis, the restructuring program caused some investment in car companies in Turkey in order to support economy of scale and encourage them to developed more update types of automobiles. Turkish manufacturers have operated in two car segment; low medium and medium models and the produced cars have already been phased out in their country of origin, added that these segments account for 90 per cent of the Turkish market. (Duruiz, 2004) Governmental financial supports and investment on auto sectors attracted many foreign investors from 1995 onward, especially with aim to develop new generation cars and modernization the industry. Most of foreign car firms have gained relatively high share of the auto industry after liberalization to use the resources in Turkey and export to European countries through Turkey. Table 1 shows the main auto manufactures in Turkey and their share. As the effect of custom utilization agreement, the automotive sector had the 5th place in Turkey exporting in 2000, but the main effect has happened in component sector and it has increased relatively higher then auto sector export. It was also easier for component producer to upgrade their standard of their firms to get a competitive position in EU base on their lower labour wages. (Duruiz, 2004) Nevertheless Turkey has accepted liberalization in their trade but as they have not done the full integration, their case has become special. Mostly the Turkeys future economy highly depends on the European Union decision to accept it or not as a member of European Union which lead to change their economic structure with the support from the IMF and European Union. Indian auto industry Emerging of India in the world economy has been started by implementing liberalization and opened up most of the economic sectors to the global world in 1992. Looking historically at Indian car industry, it can be divided in four phase from the view point of Kim (2004). The starting point was in 1920s with assembly which was established by foreign companies. (General motor and Ford) It took two decades up to 1952 that Indian build up their domestic production firm. The governmental policy in auto sector is known as the main reason of no progress in productivity and technology in this sector for long period. (Kim, 2004) The third phase was started, after three decades, by making a join venture of Maruti Udyog -became nationalized in 1980- with the Suzuki motor company. According to this agreement a revolution had happened in Indian car industry. Increase the volume and standard was not just in auto makers but the change was occurred in the components industry as well. (Venkataramani, 1990) The main and last phase was started by Indian economic reform after 1992 under the guidance of the IMF and World Bank. As it was anticipated, deregulation of auto industry in 1993 and the expectation of market growth in India according to the population have attracted international auto makers to invest in India. According to the foreign existence it was a dramatically fell of domestic firms share in India. Investment of foreign car makers, which were mainly in the form of joint venture with domestic firms, caused there-restructuring in the Indians motor industry. Apart from promotion of new models with more stylish design, significant changes have happened in auto financing as well. Also numbers of component manufacturers invested in local firms to supply their assemblers. So Indian witnessed a fundamental change in the technology, infrastructure and managerial systems. (Kim, 2004) Despite of all expectations and anticipations about the fast economical growth after regulations in India and a positive view of auto makers about Indian market because of the sizable population of middle-class, the estimates about rising in demand did not turn to reality. Apart from the problems which multinationals generally face in new emerging countries such as undeveloped supplier base, weak infrastructure and undeveloped regulations (Kim, 2001), Indian environment seems more complicated for them. Although the population was far enough to support ten auto makers, the companies face with overcapacity. The lack of demand in both domestic and regional market has become the major problem for multinationals auto makers in India. In terms of export from India to the neighbour countries also, the multinational car makers have not achieved any remarkable result. However the main reason might be the economic situation and poverty of South Asian countries which limit the demand for passenger car, we should not ignore the political and economical relation of India with its neighbour. Despite the hopes after the South Asian Association for Region Cooperation (SAARC) in 1985 and the South Asian Preferential Trading Agreement (SAPTA) in 1995, there was no significant growth observed in the South Asian trade relationship. Although the auto industry in India has not succeeded as it was anticipated, the auto component industry has occurred high progress in quality, technology and international standards. Now, in collaborate with foreign companies, they have become competitive in international markets and auto makers in India use their Indian suppliers to supply their other operation plant around the world. Moreover, Indian government regulations disable multinational to import completely build automobiles to India. However the Indian government did not define any limitation for on foreign ownership, instead 123 per cent tariff rates on import cars were forced multinationals to set up their assembly plant fully within India. And a high tariff on finished components also was another issue that multinationals prefer to find their supplier within domestic firms. (Kim, 2004) Despite of all mentioned problem in India, multinational car makers seems still have a positive view about the Indian market. The potential existing market is there, but the matter is that when it will become visible. Chinese auto industry Following the economical reform in China, the Chinese policy makers focused on auto industry as a symbolic sector which shows the industrial development within a country. The need for technology and knowledge caused them looking for foreign partner to provide the required technology by setting up assembly plant which also generate and improve numbers of domestic firms as the suppliers to support the main assembly plants. So, in the mid-1980 three main cities of China (Beijing, Guangzhou and Shanghai) established a joint-venture with foreign auto makers supported by central and local government. (Thun, 2004) Each local government aimed to improve the local supplier network by its JV, but the assembly plants were looking for the better quality and lower price. Therefore in contrast with the local government and despite of geographical advantages of supplying from local firms, assemblers were dependence on outside supplier and most of them imported 100 per cent of the components from outside unless they were forced by Chinese government to increase their required components from domestic firms. But even after the time assemblers shifted from outside supplier to domestic firms, the local government aim to improve their local network were failed as the JV sourced their parts from other regions. Therefore, as of 2003, just Shanghai could relay on their local auto sector and even though it did not meet the international standards, it became a dominant firm in Chinese auto market. (Thun, 2004) The Shanghai success was the result of well support and strategic plans of local government and Shanghai Automobile industry corporation (SAIC). In 1984, when the Shanghai established a joint-venture with Volkswagen (VW), non of local firms were able to supply the required component for the assembling plant and after two years their share increased by just 2.7 per cent. (Li, 1997) No significant achievement after two years caused Shanghai municipal government began to re-evaluate the problems within the sector and the capacity of individual firms to solve these problems. (Thun, 2004) Consequent of problem solving process, they discovered two necessity preconditions to facilitate improvement in domestic firms. The first one was a reorganization of the municipal bureaucracy responsible for auto sector oversight. They have set up an Automobile Industry Leading Small Group in order to control the local actors. (Li, 1997) The second precondition was the capital accumulation and investment. To solve this problem the local government defined a localization tax and set up the localization office which was responsible to carry out a straightforward import-substitution policy for the imports in auto sector even from other Chinese regions. Also, the localization office checked out the list of imported components and their domestic firms which are capable of produce them successfully, then it provided a suitable investment capital as well as managing the firms relationship with the main assembler plant. (Thun, 2004) Apart from the local government programs, SAIC had its own way to support the Shanghai auto sector, however in some areas their activities overlappe Corporate Strategy for Iranian Car Industry Corporate Strategy for Iranian Car Industry Abstract The purpose of this research is to come across an effective and implemental strategy for Iranian car industry to become an export player in the Middle-East region. With consideration the importance of market development for international auto makers, the Middle-East market is evaluated and Iran as a case study is looked over in terms of its potential automobile market and developing opportunities in Iranian car industry to become a manufacturing partner for international players. Through out a review of Iranian economy and the position of auto sector in Iran economy, the difficulties of growth and development, the role of government- as the regulator- are discussed briefly and the effect of international auto makers -in the past and future- is analyzed. On this basis, we point out the main troubles of the current auto industrys structure and the government dilemma to set its policies. At the end we suggest a reform in the structure and strategy of both assemblers and suppliers to ent er to the international markets. Keywords: Operation strategy; Iran auto industry; Globalization, Regionalization, Industry study Introduction Irans economic performance has begun to improve slowly after a decade of recession which was caused by the long and costly war with Iraq and fluctuations in oil prices. In the decade ending in 1998, GDPs growth per capitals started to rise, although the average was only 3 percent per year. (Economic reports, the World Bank Group) The automotive industry, as one of Irans most promising industries, was the countrys fastest growing industry with the average annual growth of 27.2% between 1995 and 2000 which was 5.5 times of the country average industrial growth. (Economic Focus, Iran Daily News). The domestic vehicle production is growing quickly but it is highly protected, and only in highly exceptional circumstances can Iranians import cars from abroad. Locally produced cars have a reputation for poor quality and have contributed to the dangerously high pollution levels. Also, Iranian firms were not able to satisfy the domestic market in terms of quantity. Demand for automobiles, particularly passenger vehicles, far exceeds the supply. In fact, more than 450,000 people pre-purchase automobiles every year and wait approximately two years to receive them. As a result the government, which wants to raise unit production and improve domestic industry in line with industrialization program, hopes to stimulate competition as part of the effect to make the economy less dependent on oil. In order to follow the market reform plans and provide better circumstances for the countrys main industries such as petrochemical industry, textile and etc, President Khatami (since August 1997- 2005) in 1999, announced an ambitious program to privatize several major industries which included auto industry as a part of total restructuring of Iranian economy. Currently 13 public and privately owned auto maker exist in Iran. The largest vehicle manufacturing company is Iran Khodro with an average share of 60.90% percent of domestic vehicle production, as the main government-controlled carmaker and Saipa is the second one with 32.70%. Subsequent to the development program, automakers have been encouraged to review the way in which their strategies will be developed in the future and to extend a range of strategy options that might enhance their position. Consequently, most Iranian auto makers have been encouraged to join ventures or any other strategic alliances with foreign auto manufacturers to meet the increasing demand (www.ikco.com). On the other hand, in looking at the automobile market generally, during the past few years, it might be observed that after a period of growth from 1997 to 2000 -resulting from the exceptional boom in US economy and the upturn in Europe-but the automobile market especially in North America and Europe has entered a consolidation phase because of overcapacity. The market is mature in developed countries such as those of Western European countries and US market where nearly 90% of sales of new vehicles are now accounted by replacement purchases. Also, in Far East-Japan and South Korea-, overcapacity is a highly sensitive problem (REINAUD, 2001), whereas in Middle-East region, vehicle out put is 6% of total global output in comparison with 29% in Europe and 30.2% in US (carmakers Annual report,*DRI). Thus, some auto manufacturers might be looking for new methods to penetrate the auto market in Middle-East in order to gain more market share over their competitors. If these companies do become partners, Iran will be an option to emerge as a major regional car manufacturer, serving the Middle East beside Other countries in the region, particularly Egypt and Turkey which have substantial car assembly arrangements. The following companies have signed cooperative agreements and their products are either already on the market or are to be introduced in the near future: Frances Peugeot with Iran Khodro. Koreas Kia Motors with Saipa. Frances Citroen with Saipa. Korean Daewoo and Kerman Motors. Optimus of the UK with Renus. Proton of Malaysia with Zagros According to the French automaker Peugeot, Iran has one car for every 21 people. Turkey has one for every 12, while Western European countries and Japan have nearly one car for every 2 people (www.peugeot.com). That indicates market growth potential, and the reason that foreign car manufacturer might be interested in the Iranian auto market. In this research the current auto industry situation in Iran will be analyzed and it will be evaluated in relation to its future strategy consequent upon growth in terms of output quality and ability to serve the domestic market, but also to play a major rule in region and become a truly international car manufacturer and exporter in Middle-East. To achieve a rich understanding of the current situation and examine the environmental position to meet the research objectives, other developing countries auto industry examples like China, India and Turkey will be investigated and analyzed as examples, while the regional circumstances, business environment and other specific characters of Irans economy e.g. the role of government , economic condition and Irans regulations will be considered to find out the most appropriate strategy for Iran car industry. The research question for the chosen topic is What would be the most effective strategy for Iranian car industry to become a major player in the Middle-East market? From this research question, the following objectives would be appropriate to evaluate: To evaluate existing methods of development strategy in the Iranian auto industry, To identify the best possible methods of development strategy for domestic and foreign companies, To recommend how such a strategy can be implemented. The background of the research is set with a brief discussion on the changes have happened in the world of auto industry, the consequent of globalization, the dynamic and diversity of demand in auto market and the auto makers difficulties to respond to new market characteristics while maintain the ability to make profit. Our goal in this paper is to propose an efficient strategy to . The paper has the following structure. Section 2 gives the brief literature review. Section 3 analyses the competitors in automobile Middle East market. Section 4 introduces the Iranian auto industry case. Section 5 presents the growth and development problems in Iranian auto industry. Finally, section 6 is devoted to conclusions and future works. The remainder of this paper is organised as follows. Section 2 summarises the development of Iranian production and exports in the car industry compared to other major exporters in the world. It also explains why Iranian export growth has remained much below production growth. Section 3 develops the empirical export model and describes the variables and data. Then, the model is estimated in Section 4. Estimation results are analysed and a sensitivity analysis is proposed. Section 5 estimates the Iranian export potential with regard to the main foreign markets, while Section 6 concludes. Literature review History of globalization Humans have coined the word Globalization to describe widely traded activities that take place across the continents which are aided immensely by diminishing international trading regulations negotiated through the World Trade Organisation. Globalization is a combination of many -manufacturing, trade in services, supply chain management activities which have been affected positively by a fast technological development in few last decades. As Friedman (1999) argues, what is new today is the degree and intensity with which the word is being tied together in to a signal globalized market place and village. What is also new is the sheer number of people and countries able to partake of today globalized economy and information network, and to be affected by them this new era of globalization is turbocharged. As it can be observed, that this noticeable international integration is not just in economics, but in politics and cultures are as well. However, it needs to be recognised that the speed of these changes and growth of integration is different across the world. In some countries and regions the trend of globalization is rapidly increasing while in other parts the pace is much slower and globalisation is not welcomed at all. Nevertheless, regardless of the effects of globalisation no country can afford to ignore its impact on their political and economical circumstances. Likewise, the rate of change is different in various industries as is the strategic response of different business sectors to take advantages of exploiting new business opportunities. Although the merchandise trade, capital investment and labour migration started from 1850-1914, and the economy was more open than it is today in terms of the existing tariffs and trade barriers, but it was not globalized. Just the year following the Second World War and through reconstruction of war, the world has started to establish institutions to open up trades and ensure currency stability such as GATT and IMF, which caused massive increase in the economic growth level. According to Dicken (2003), world trade increased at an average annual rate of 6.7 per cent between 1948 and 1953. Between 1958 and 1963 the rate rose to 7.4 per cent and between 1963 and 1968 it accelerated further to 8.6 per cent. So people experienced a boom period up to 1970s when the first oil crisis has occurred. The United States, which suffered less during the Second World War, increased its foreign investment and after a while the US companies started to move into Western European countries and create interdependencies across world markets. Europe and Japan which mainly focused on rebuilding their economies after the war joined in this and also expanded their positions in the market place and on the economic map after the mid-1980s. (Hill, 2005) Also, because of the necessity of promoting global interdependencies, the United Nations was established to maintain world peace and security and so help the spread of industrialisation and world trade. The main drivers of globalization Apart from the history of globalization there were several main drive points that enhanced the process of globalisation. From the Johnson and Turners (2003) point of view one of the main globalization drivers was the changing economic paradigm. The new approach for managing economy was based on limitation the government role and neo-liberalism. Limiting the role of government provides the situations for businesses to progress and boom. As the Hill (2005) says, major changes occur as new economic and political institutions develop, with movement from traditional, non competitive institutions to competition-based capitalistic economies and democratic institution. So the market was relied on to force the pace of competition. Little by little the liberal economy became an external economic policy and the General Agreement of Tariffs and Trades (GATT) set up to support this philosophy. As a result of GATT and afterwards its successor organization- WTO-, there was a great reduction in tari ffs barriers and non-tariffs barriers for participating countries which help them established and spread their liberal economic policy. The second globalization driver is the spread of international governance and regulation. More international rules and policies developed for business environment, especially in regional level aimed at reducing the barriers in economic market among GATT contracting and WTO members. Also spreading e-commerce as a technological consequent has brought new issues in terms of traditional governance structure. Therefore, by passing the time and more international integration, the trade and market regulation were less under the national states control. According to Johnson and Turners (2003) argument finance and capital spread is another driver of globalization. Necessity of financial and capital movement following the market deregulation and economic liberalization has supported by national rules and has facilitated by technological development and ease the financial transactions. All might agree that the technological development, mainly in information technology and communication sector, has played an important role in globalization. However none of them is the cause of globalization, Dicken (2003) argued, without these technologies the current complex global economy system could not exist. Shrinking time and space by innovated technologies was a great opportunity to reorganization and redefinition the commercial and economical structure. Most of industrial sectors are affected by innovations and changes in technologies especially in manufacturing system with a high influence on value chain. Transportation technology has changed dramatically from 1840 to 1960 which was a development period from steam locomotives to high speed aircraft. Therefore, new transportation systems and their wide usage with cheaper prices have brought global shrinkage. Also in communication and its convergence with computer technology development has facilitated more effective networ ks within and between enterprises. All of these technological conveniences provide links across borders and spread globalization in economic term. Social and cultural convergence might be seen as a driver for globalization. The effect of mass media and usage of internet make the consumer preference more common in global market. As Johnson and Turner (2003) mentioned, similar taste of consumer in different parts of the market creates the opportunity to promote global product. So we can claim that the cultural and social similarities make the conditions available for globalization. Also transferring new technologies has brought about more products in greater varieties at lower costs and prices. Consequently standards of living and peoples expectations rise as well. Mode of entry and expansion methods In simple terms, globalization is an opportunity for companies to expand their market, their value chain and their business across borders. But the point is how effective can companies use these opportunities to make more profit and enjoy sustainable growth. What factors should they consider to make decision to choose an investment option to carry on their development strategy? Global supply chain and its dimensions Apart from different modes of entry available for firms to get advantages from globalization and to move across borders to expand their market, other advantages may be gained through developing global supply chains. The production of any good or service can be conceived as a production chain that is, as a transactionally linked sequence of functions in which each stage adds value to the process of production of goods and services. (Dicken, 2003) The firms try to differentiate their value chain in order to add more competences by using the advantages of each production chain requirement in different part of the world. However, build a global value chain might make it fragmented while the control and management of a global network is more difficult. From Dickens point of view there are three important dimensions in production networks: First is governance which means how they are coordinated and regulated. In the case which varying combinations and interrelationships of different kind of companies and firms might perform in a production network, As Dicken says, the market is the main organizer of external transactions, in contrast with the case which the entire network operated with a single firm and internal organizational structure governs transactions. (Dicken, 2003) The second important dimension in production network is spatiality and how they are conFigured geographically. By increasing the emergence of global production network, network organizing is changing from geographically concentrated to geographically dispersed. The third issue is territorial embeddedness the extent to which they are connected in to particular bounded political, institutional and social setting. (Dicken, 2003) information technology and other new technologies have made space and distances meaningless. Most types of capitals are mobile and all of them can easily move from one place to another. However transportation and communication technology has developed as well, capital does moves within spaceless world. Place is still an important issue, as firms are highly affected by the cultural, socio-political and institutional context of the territorial they are embedded. Therefore multinational firms try to take advantages of differences within regulations and socials in various places while, bringing different state with different regimes in count within a production network makes the situation more complex to control and to take benefits from. Since 1999 and strongly growth of globalization, the same as other important and effective phenomena, globalization has a positive view wave that strongly recommend it and a negative wave against it which moves from developing country to developed countries during these years. Arguments about globalization success or failures do not have any satisfactory result, while globalization can be observe and discussed to understand both negative and positive sides of it. Growth of regionalism Although the speed of globalization and integration in the world market has increased during past decades under the General Agreement on Tariff and Trade (GATT) and more recently by World Trade Organization (WTO), the regional agreement and the debate on the desirability of regionalism has grown as well. By the beginning of twentieth century most of the counties were part of a regional integration. However one might argue that the reason of regional integration is more political than economic explanation, it can not be ignored any more as almost 50 per cent of all world trade is within regional trade agreement. As a result of that, there is fear within WTO and other international institutions that regionalism takes the place of globalization and make a stumbling block toward further global trade integration. (Lung Van Tulder, 2004) Nevertheless there are different forms of regional integration and each of them affects global market more or less while the time of their integration pr ocess is various. The dynamics of automobile market Although some changes had happened in the composition and geography of automobile demand, the concentration of automobile industry in three major global regions face auto companies in these regions with the overcapacity problem. The highly market-oriented of automobile production caused its development be based on affluent consumer markets to achieve the economy of scale. But during the years, the automobile consumer markets in three developed region has developed as well. As Dicken argued in the Global Shift (2003), the changing demand for Automobiles has three major characteristics: It is highly cyclical. There are long term (secular) changes in demand. There are signs of increasing market segmentation and fragmentation. ( Dicken, 2003) The competitors Despite the fact that NAFTA, EU and Japan are the main developed region in both production and trade in auto industry sector, other countries have started restructuring this sector in line with their economic reform. The obvious example might be China and India which both are gaining a sustainable growth in the last decade. Also Turkey has emerged as a new automobile producer in line with other industrial changes aim to become qualified to join European Union. Turkish auto industry Turkey auto industry has been developing due to the well strategic planning applied by the Turkey government by the way in which they opened their country to the global world. They have started their industry as a montage (CKD or SKD) in 1960 and have turned it to manufacturing part after a few years in 1966 trough licensing agreement and dealer-assembler with American and European firms. Gradually the government attempted to adapt an export-oriented strategy; consequently it started to liberalize the importation of cars gradually and reducing the tariffs. Meanwhile it provided some financial supports for upgrading themselves to international acceptable condition. But the main change which caused a revolution in Turkey car industry was the customs unionization agreement in 1995 with European Union which followed by a new restructuring in their auto industry. To harmonization the administrative and regulatory structure of the industry, Turkish government has established an accreditation council to prepare the documents for new adaptation the issues and procedures of exporting in line with European countries. However the Turkey supposed to complete the adaptation and remove all tariffs by 2001, they have not completed it yet and it seems the Turkeys auto industry has not well prepared for full liberalization. Although adaptation a new regime from Turkey government which obligate importing vehicle companies to prepare service facility and aftermarket parts for customers within a country was a great opportunity for domestic firms to become involved with providing spare parts and services. Even though it was not a stable macro environment after 1997-1998 Russian and Asian crisis and again December 2000 crisis, the restructuring program caused some investment in car companies in Turkey in order to support economy of scale and encourage them to developed more update types of automobiles. Turkish manufacturers have operated in two car segment; low medium and medium models and the produced cars have already been phased out in their country of origin, added that these segments account for 90 per cent of the Turkish market. (Duruiz, 2004) Governmental financial supports and investment on auto sectors attracted many foreign investors from 1995 onward, especially with aim to develop new generation cars and modernization the industry. Most of foreign car firms have gained relatively high share of the auto industry after liberalization to use the resources in Turkey and export to European countries through Turkey. Table 1 shows the main auto manufactures in Turkey and their share. As the effect of custom utilization agreement, the automotive sector had the 5th place in Turkey exporting in 2000, but the main effect has happened in component sector and it has increased relatively higher then auto sector export. It was also easier for component producer to upgrade their standard of their firms to get a competitive position in EU base on their lower labour wages. (Duruiz, 2004) Nevertheless Turkey has accepted liberalization in their trade but as they have not done the full integration, their case has become special. Mostly the Turkeys future economy highly depends on the European Union decision to accept it or not as a member of European Union which lead to change their economic structure with the support from the IMF and European Union. Indian auto industry Emerging of India in the world economy has been started by implementing liberalization and opened up most of the economic sectors to the global world in 1992. Looking historically at Indian car industry, it can be divided in four phase from the view point of Kim (2004). The starting point was in 1920s with assembly which was established by foreign companies. (General motor and Ford) It took two decades up to 1952 that Indian build up their domestic production firm. The governmental policy in auto sector is known as the main reason of no progress in productivity and technology in this sector for long period. (Kim, 2004) The third phase was started, after three decades, by making a join venture of Maruti Udyog -became nationalized in 1980- with the Suzuki motor company. According to this agreement a revolution had happened in Indian car industry. Increase the volume and standard was not just in auto makers but the change was occurred in the components industry as well. (Venkataramani, 1990) The main and last phase was started by Indian economic reform after 1992 under the guidance of the IMF and World Bank. As it was anticipated, deregulation of auto industry in 1993 and the expectation of market growth in India according to the population have attracted international auto makers to invest in India. According to the foreign existence it was a dramatically fell of domestic firms share in India. Investment of foreign car makers, which were mainly in the form of joint venture with domestic firms, caused there-restructuring in the Indians motor industry. Apart from promotion of new models with more stylish design, significant changes have happened in auto financing as well. Also numbers of component manufacturers invested in local firms to supply their assemblers. So Indian witnessed a fundamental change in the technology, infrastructure and managerial systems. (Kim, 2004) Despite of all expectations and anticipations about the fast economical growth after regulations in India and a positive view of auto makers about Indian market because of the sizable population of middle-class, the estimates about rising in demand did not turn to reality. Apart from the problems which multinationals generally face in new emerging countries such as undeveloped supplier base, weak infrastructure and undeveloped regulations (Kim, 2001), Indian environment seems more complicated for them. Although the population was far enough to support ten auto makers, the companies face with overcapacity. The lack of demand in both domestic and regional market has become the major problem for multinationals auto makers in India. In terms of export from India to the neighbour countries also, the multinational car makers have not achieved any remarkable result. However the main reason might be the economic situation and poverty of South Asian countries which limit the demand for passenger car, we should not ignore the political and economical relation of India with its neighbour. Despite the hopes after the South Asian Association for Region Cooperation (SAARC) in 1985 and the South Asian Preferential Trading Agreement (SAPTA) in 1995, there was no significant growth observed in the South Asian trade relationship. Although the auto industry in India has not succeeded as it was anticipated, the auto component industry has occurred high progress in quality, technology and international standards. Now, in collaborate with foreign companies, they have become competitive in international markets and auto makers in India use their Indian suppliers to supply their other operation plant around the world. Moreover, Indian government regulations disable multinational to import completely build automobiles to India. However the Indian government did not define any limitation for on foreign ownership, instead 123 per cent tariff rates on import cars were forced multinationals to set up their assembly plant fully within India. And a high tariff on finished components also was another issue that multinationals prefer to find their supplier within domestic firms. (Kim, 2004) Despite of all mentioned problem in India, multinational car makers seems still have a positive view about the Indian market. The potential existing market is there, but the matter is that when it will become visible. Chinese auto industry Following the economical reform in China, the Chinese policy makers focused on auto industry as a symbolic sector which shows the industrial development within a country. The need for technology and knowledge caused them looking for foreign partner to provide the required technology by setting up assembly plant which also generate and improve numbers of domestic firms as the suppliers to support the main assembly plants. So, in the mid-1980 three main cities of China (Beijing, Guangzhou and Shanghai) established a joint-venture with foreign auto makers supported by central and local government. (Thun, 2004) Each local government aimed to improve the local supplier network by its JV, but the assembly plants were looking for the better quality and lower price. Therefore in contrast with the local government and despite of geographical advantages of supplying from local firms, assemblers were dependence on outside supplier and most of them imported 100 per cent of the components from outside unless they were forced by Chinese government to increase their required components from domestic firms. But even after the time assemblers shifted from outside supplier to domestic firms, the local government aim to improve their local network were failed as the JV sourced their parts from other regions. Therefore, as of 2003, just Shanghai could relay on their local auto sector and even though it did not meet the international standards, it became a dominant firm in Chinese auto market. (Thun, 2004) The Shanghai success was the result of well support and strategic plans of local government and Shanghai Automobile industry corporation (SAIC). In 1984, when the Shanghai established a joint-venture with Volkswagen (VW), non of local firms were able to supply the required component for the assembling plant and after two years their share increased by just 2.7 per cent. (Li, 1997) No significant achievement after two years caused Shanghai municipal government began to re-evaluate the problems within the sector and the capacity of individual firms to solve these problems. (Thun, 2004) Consequent of problem solving process, they discovered two necessity preconditions to facilitate improvement in domestic firms. The first one was a reorganization of the municipal bureaucracy responsible for auto sector oversight. They have set up an Automobile Industry Leading Small Group in order to control the local actors. (Li, 1997) The second precondition was the capital accumulation and investment. To solve this problem the local government defined a localization tax and set up the localization office which was responsible to carry out a straightforward import-substitution policy for the imports in auto sector even from other Chinese regions. Also, the localization office checked out the list of imported components and their domestic firms which are capable of produce them successfully, then it provided a suitable investment capital as well as managing the firms relationship with the main assembler plant. (Thun, 2004) Apart from the local government programs, SAIC had its own way to support the Shanghai auto sector, however in some areas their activities overlappe
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