Wednesday, May 6, 2020
Education Industry in Australia
Question: The research proposal gives an idea about the challenges and issues faced by the educational institutes of Australia across various states. This includes the school and universities of Australia across various states. Answer: Introduction Education industry in Australia is the fourth largest export industry of Australia. This industry of Australia is mainly related to its higher education. Various courses for higher education are offered across several educational institutes in Australia (Provvidenzaet al. 2013). Overseas students make up a huge population of students in Australia. Australian government provides ample of opportunities to their students (Stromquist and Monkman 2014). The Australian government provide funds, scholarships and various opportunities to do part time jobs. Background of the study Australia have a part of worlds best organisations and instructions for the higher education and it have the strong educational infrastructure that provides better education to the students of Australia. This educational infrastructure attracts students all over the world and this industry had become one of the noteworthy attractions of the country (Lea and Nicoll 2013). The government spends a huge amount of money in the educational industry of Australia. They provide various facilities to the students and this strengthens the education industry of Australia. In todays world, the universities across the world are busy preparing champions from their country so that they can attract more students to their universities and display the talents of the universities . The academic workforce of Australia provides the best education to their students, but this workforce is aging with time. This results to a future crisis of the educational workforce in Australia (Stromquist and Monkman 2014) . On increase in demand of higher education, the commercial skills of the universities face various challenges. The universities are resistant to the change in their managements which results to dissatisfaction in the educational industry. Research aim The aim of this research is to understand the education industry of Australia and its current position in the education business in the world. Research objective The objective of this research is as follows: To find the demand of the education industry of Australia among the overseas students To find the trend of the demand of the education industry of Australia To find the limitations of the education industry of Australia To provide suggestions to overcome this limitations of the education industry in Australia Research question How is the demand of the education industry of Australia among the overseas students? What is the trend of this demand of the education industry of Australia? What are the limitations of the education industry of Australia? What suggestions could be provided in order to overcome these limitations? Research structure Figure 1: Structure of the research (Source: created by author) Literature review Australia is said to have the education industry as their fourth largest export industry. This industry houses the overseas students, which accounts over 20% of the total population of the students in Australia. According to the viewpoint of Arkoudis et al.(2014), every Australian state has various universities and schools that provides ample of opportunities to the students all over the world to pursue their studies. The overseas students mainly focus on the higher education at Australia. It was estimated that in 2012, an approximate number of 150000 international students from over 160 countries pursued higher education in the state of Victoria in Australia. As per the opinion of Ball (2013), it was found that 80% of the international students who pursued their education in Australia was from Asia. There are various benefits for the international education. This includes availing various opportunities to engage oneself in international events, improved professional connections and enhancing global perspectives. The students also get ample of opportunities in business, culture, research and various social activities. As per the viewpoint of Bhandari and Blumenthal (2013), the government of Australia spends huge sum of money to improve the education industry in Australia. They provide the students with various facilities that include scholarships, funds and opportunities to work along with their education. These opportunities help the students to have a better higher education and prepare themselves for the challenges of the world after completing their formal education. As per the opinion of Ferguson (2012), despite these facilities, the education industry of Australia has encountered decline in rate of the growth. This had become a major concern for the Australian government as the education industry is the fourth highest export business of Australia. Various factors had caused the reduction of the rate of growth. In the viewpoint of Johnson et al. (2013), it was found that the globalisation and digital revolution had reshaped the higher education in todays world. This had resulted in the change in landscape of the education industry. Decrease in source of income and rise in cost had intensified the challenges of education industry. Various educational institutes offer similar courses and modes of education at a lower cost than the universities of Australia. Prospective students had become consumer oriented and accordingly, they make decisions regarding their educations. The ranking of the universities also have an influence on the choice of the st udents. Based on the opinion of Jung and Latchem (2012), it was found that the students in todays world aim for those institutes where they can access to various services of education with the help of new and innovative technologies. The infrastructure of the universities must be updated with the new technologies and this requires huge investment and modification of infrastructures. Another challenge that is faced by the Australian education industry is the challenges of workforce. As per the viewpoint of Mitchell et al. (2013), it was found that the age of a quarter of academic workforce of Australia is over 55 years, whereas only 15% of the workforce in Australia have their age beyond 55 years. It was also seen that 54% of the academic workforce have their age over 45 years compared to 38% of the workers of other jobs in Australia. This shows that a significant proportion of workforce would retire in the nearby decade thereby creating vacancies in the educational industry. The government must take steps to build new workforce structure and new models to attract students to the Australian universities. As per the opinion of Paulsen and Smart (2013), measures should be taken to replace the non-traditional models of education industry. From the viewpoint of Pegrum et al. (2013), another challenge that is faced by the education industry of Australia is the resistant to change and build new models by the universities. The universities of Australia follow the traditional rules of academic independence and maintaining the purity of the mission. The leaders of the universities follow these traditions of admissions and teachings and they do not wish to change their business models. With the increase in speed of the market and competitiveness in domestic market and international market, the education industry of Australia is facing challenges (Stromquist and Monkman 2014). Introduction of new methods and business plans must replace the old one keeping the integrity of their traditional rules, would help in the growth of the education industry in Australia. The vital challenge that is faced by the education industry of Australia is the decrease in government funding to the universities. This had resulted in searching for various ways to get the funds of the university. The fees of the universities had increased over the years because of the decrease in funds (Provvidenzaet al. 2013). The fight for funds by the universities had been the result of the relationship with the Australian government that do not include any political factors. According to the viewpoint of Pinheiro et al.(2012), it was seen that the increase in cost of research infrastructure had resulted the universities to develop partnership with other universities. This had brought various research terms of equal strength together across various universities, several countries and many business sectors worldwide. The infrastructures required for the higher education in Australian industries face a major setback due to the lack of funding. As per the opinion of Provvidenza et al. (2013), it was found that maintaining the standard of competitiveness in the global market is another issue that had been caused challenges in the education industry of Australia. This challenge is combined with the increase in value of the Australian dollar, thereby making it difficult for the students to pursue their higher education in Australia. The restrictive rules of visa to Australia is another constraints that had resulted in reduction in number of application to the universities of Australia, thereby reducing the rate of growth in education industry of Australia. Methodology Data and data collection process Data for this research should be collected across the universities of Australia. Data for the last 10 years across the universities of various states of Australia must be collected. The data would be collected from the records of the educational institutes. One school and one university of each state of Australia should be chosen as the sample of this research. These school and universities must have overseas students studying for the past 10 years (Stromquist and Monkman 2014). The records of such institutes could be collected from the government of Australia. Students of these chosen institutes would be interviewed to gather the data for the research. The students of class 12 would be chosen for the interview from the schools while the students across various levels would be chosen randomly for the interview. The chosen samples would be asked about various questions ranging from their family background to their educational background. A sample of 50 students would be interviewed which includes 25 students from school and 25 students from universities across variables levels of universities. Different set of questionnaire would be set for the school students and the students of universities across the states. Both qualitative and quantitative data would be collected from the chosen samples. The questionnaire would include different questions for both the school students and college students that would result in quantitative and qualitative data for the research. Primary data collected from the survey would be used in the research. The method of data collection would be completed within ten days and the survey should be done during the peak season when most of the students attend their educational institutes. Data analysis The primary data collected from the survey would be subjected to various statistical methods in order to find out the trend of the education industry over the last ten years. The methods of descriptive statistics would give the idea about the demand of the education industry for the overseas students in the last ten years. On plotting these data in the graph would also give an idea about the trend of the education industry in Australia over the last ten years. The method of descriptive statistics would also give an idea about the limitations faced by the educational institutes (Provvidenzaet al. 2013). The frequency distribution method would give a count of the issues faced by the students while coming to Australia to pursue their education. This would help to know the major issues that are faced by the students and it would give an idea about the challenges faced by the universities over the last ten years. This would also give an idea about how the educational institutes had handle d the issues over the last ten years and whether they had improved the challenges or not, could be understood from the survey. The method of forecasting would help to give an idea about the future of the education industry of Australia. This would give a clear picture about the probable challenges that could be faced by the educational institutes of Australia in the upcoming years (Robbins et al. 2013). It would also help to predict the rate of growth of education industry of Australia in the near future and prepare the solutions of the challenges beforehand. The Gantt chart is as follows: Figure 2: Gantt chart of the research (Source: created by author) Research outcome The outcome of the research is expected to be decrease in the growth of the rate of educational institutes in the near future. The students from overseas are expected to face major problems due to increase in fees of the universities and cost cutting by the government. They are likely to face problem regarding the infrastructure of the studies and researches. The school students who are average would be expected to give their views in favour of returning back to their country for higher education or moving to other countries. The students of universities are expected to give their views in favour of opportunities that they get while studying overseas. It is expected that the students would give their views in favour of proper handling of challenges and the educational institutes are taking measures to eradicate the challenges effectively. Conclusion The research proposal gives an idea about the challenges and issues faced by the educational institutes of Australia across various states. This includes the school and universities of Australia across various states. Their decrease in the rate of growth is a major concern, as the education industry is the fourth largest export industry of Australia. Various factors had affected the growth rate of the education industry in Australia. The challenges faced by the universities indirectly affect the students and they face these challenges, which prevent them from applying to educational institutes of Australia in the near future. A survey would be done to know the challenges faced by the students, which would give an idea about the challenges faced by the educational institutes of Australia. It would also give an idea about the measures taken by the universities to eradicate these challenges over the last ten years. The analysis would help to predict the future of the educational institu tes of Australia. References Arkoudis, S., Baik, C., Bexley, E. and Doughney, L., 2014. English Language Proficiency and Employability Framework for Australian Higher Education Institutions.Centre for the Study of Higher Education. Ball, S.J. ed., 2013.Foucault and education: Disciplines and knowledge. Routledge. Bhandari, R. and Blumenthal, P., 2013. International students and global mobility in higher education: National trends and new directions.International Studies,1(11), pp.316-317. Ferguson, R., 2012. Learning analytics: drivers, developments and challenges.International Journal of Technology Enhanced Learning,4(5-6), pp.304-317. Johnson, L., Adams Becker, S., Cummins, M., Freeman, A., Ifenthaler, D. and Vardaxis, N., 2013. Technology Outlook for Australian Tertiary Education 2013-2018: An NMC Horizon Project Regional Analysis.New Media Consortium. Jung, I. and Latchem, C., 2012.Quality Assurance and Accreditation in Distance Education: Models, Policies and Research. Routledge. Lea, M.R. and Nicoll, K., 2013.Distributed learning: Social and cultural approaches to practice. Routledge. Mitchell, C., O'Reilly-Scanlon, K. and Weber, S. eds., 2013.Just who do we think we are?: Methodologies for autobiography and self-study in education. Routledge. Paulsen, M.B. and Smart, J.C. eds., 2013.Higher education: Handbook of theory and research. Dordrecht: Springer. Pegrum, M., Oakley, G. and Faulkner, R., 2013. Schools going mobile: A study of the adoption of mobile handheld technologies in Western Australian independent schools.Australasian Journal of Educational Technology,29(1), pp.66-81. Pinheiro, R., Benneworth, P. and Jones, G.A. eds., 2012.Universities and regional development: A critical assessment of tensions and contradictions. Routledge. Provvidenza, C., Engebretsen, L., Tator, C., Kissick, J., McCrory, P., Sills, A. and Johnston, K.M., 2013. From consensus to action: knowledge transfer, education and influencing policy on sports concussion.British journal of sports medicine, pp.bjsports-2012. Robbins, S., Judge, T.A., Millett, B. and Boyle, M., 2013.Organisational behaviour. Pearson Higher Education AU. Stromquist, N.P. and Monkman, K. eds., 2014.Globalization and education: Integration and contestation across cultures. RL Education.
Thursday, April 30, 2020
Internationalization of Business
Introduction Internationalization has become the main avenue organizations can expand and spread their activities with intention of growth, sustainability and increased profits (Tjosvold and Leung 2003). Elecdyne Company has specialized in electronic manufacture and supply, where the company has largely concentrated on Japanââ¬â¢s market (Anonymous N.d). However, for sometime now, the company has stagnated in terms of growth.Advertising We will write a custom report sample on Internationalization of Business specifically for you for only $16.05 $11/page Learn More Therefore, to deal with the issue and realize faster growth, the company has to internationalize where it will access new markets, technology, and benefits from low labor costs. However, before it undertakes the process, the company needs to carry out thorough global business environment. This will enable the company to know its environment better. Analysis of general global environment faci ng business Stonehouse and Campbell (2004) observe that organizations like Elecdyne Company that has intentions of internationalizing need to conduct external business analysis to conceptualize and acquaint with factors likely to influence the business. External business environment has been found to comprise economic forces, politico-legal forces, cultural-social, and technological forces (Murphy 2005). At the same time, the ecological environment has become key component of external business. Analysis of these factors enables any firm with intentions of expanding internationally to acquaint itself with the external or country conditions in which it operates. Moreover, global business environment can be conceptualized and understood by using the Porterââ¬â¢s Model of Competitive Advantage of Nations developed in 1990 (Kazmi, 2008). According to Porter, competitive advantage of nations can be found in four major and critical national characteristics that in most cases create an e nvironment that is conducive to creating globally competitive advantage (Kazmi, 2008). The four national characteristics (diamond determinants) are also seen to be interrelated hence are likely to influence each other. The four diamond determinants are: factor conditions, demand conditions, related and supporting industries, and firm strategy, structure and rivalry (Kazmi, 2008). Factor conditions constitute special factors that also include inputs needed for production. Some of these special factors constitute aspects like natural resources a country has, presence of raw materials, infrastructure, technology, research and development opportunities, and labor which a particular country has and support business activities. As a result, internationalization process is likely to take place in a country that exhibit more factor conditions.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Demand conditions on the other hand have to do with characteristics, size and nature of consumer needs in the domestic market. It is always perceived that when domestic consumer market is demanding, firms are forced to produce more and also adhere to quality standards, and this may be the conditions for domestic firms to exert their presence in international market (Kazmi, 2008). The related and supporting industries are another diamond determinants analyzed by Porter. According to Porter, the presence of related and supporting industries constitute aspects such as networks of suppliers and distributors that cooperate with the industry to support it in international competition (Kazmi, 2008). Lastly, the firm strategy, structure and rivalry have to do with the robustness of domestic competition (Kazmi, 2008). When the domestic industry is robust in terms of competitiveness, it is seen to have the capacity to influence the increase in productivity that is needed to compete internationally (Kazmi, 2008). Specific business environments facing the business Internationalization is a process that is achieved after a period, hence in most cases is long-term planning process. As a result, the organization has to establish its resource capacity and capability in order to know whether internationalization is possible or not (Murphy, 2005). Further, the organization should ensure its vision and mission are ingrained in the larger strategy to internationalize. In other words, achieving objectives and goals of internationalization should be in line with vision and mission of the organization. In order to internationalize, Elecdyne Company needs to carry out analysis of three countries selected that offer potential for the company. These three countries provide potential and opportunity for Elecdyne Company to internationalize. The company has to analyze all these PEST factors as they affect its broader goals in the country. Moreover, the company has to consider these factors wit hin the limits of its vision, mission, and available resources. China Political China is ruled by the Communist Party. What this has translated is that, China as whole experience less democracy in the part and as citizens of China. Business laws in the country are framed under the Foreign Trade Law of the Peopleââ¬â¢s Republic of China (Haberer 2011). The Communist party influences to large extent the business and market policies. This has further resulted into China having special economic zones, chaotic pension scheme, problems with copyright or intellectual property rights (Haberer 2011), and corruption high (Haberer 2011).Advertising We will write a custom report sample on Internationalization of Business specifically for you for only $16.05 $11/page Learn More On the other hand, Japan mode of government is bureaucratic in nature controlled by bureaucratic elites and government ministries. Laws are formulated out of these bureaucratic and unlike China, transparency is relative more visible given strong establishment of punishment and corruption institutions. Economic Economic aspects that characterize China include the fact that, GDP growth has reduced but it remains above 7% (Haberer, 2011). There is increase in the rate of urbanization, which acts to drive economic growth. There is strong foreign investment, which is catalyst for growth (Haberer 2011). Lastly, the country has lower labor and property costs. Japan is almost on the same par with China and the country boost technological economic power. On lighter note, economic regulations in Japan tend to be more favorable and less stringent than those of China (Haberer 2011). Socio-cultural Has the largest population in the world, estimated to be about 1,330 million (Haberer 2011).Has large number of urban ââ¬Ësocialitesââ¬â¢. The society is growing as population increase, earning is increasing among households, and largely guided by the Quanxi culture. Japan has le ss population compared to China hence consumption demand is likely to be higher in China than Japan. Technological Compared to majority of western countries, China seems to lag behind in technology. However, what is evident is that, technology in the country is growing and much of technologies come from Western societies (Haberer 2011). Japan on the other hand is way above China in terms of technology. Sweden Political Sweden as society is ruled by monarchy. Political conditions are stable. Countryââ¬â¢s regulatory regime encourages both local and domestic investors. Some regulations are ineffective that lead to slow in GDP of the country, slow creation of innovation solutions, and slow development of research programmes (Capdevielle, Li, and Nogal 2007). Policy of transparency wide in the country and this has eliminated aspects of tricks, corruption, cheating, and fraud. The country rated as one of the highest with efficient account ant standards in the world. Compared to Japan system of governance, Sweden scores highly than Japan where public institutions in the country are transparent and efficient. In fact Sweden has been ranked at position two (2) worldwide as the best competitive place to conduct business ().Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Economic The country has national economic strategy split into four categories that it pursues its economic goals with (Capdevielle, Li and Nogal 2007). Issues of trade unions rights persist in the country and these issues sometimes may make it difficult to start business in the country. These issues make it difficult for companies to start business activities. International trade policy remains flexible and easy for foreign investors to establish. Inflation has been contained below 3%. Employment rate high hence people have more money to spend. More so, tax ration still remain highest in the company as compared to other world countries (Capdevielle, Li and Nogal 2007). Again, economic performance of Sweden is growing as compared to Japan. Socio-cultural Sweden has a society that is largely tolerant, embracing, and accommodating and appreciates cultural diverse (Capdevielle, Li, and Nogal 2007).Freedom of expression and association characterizes the country. Equity in the society is upheld between genders (Capdevielle, Li, and Nogal 2007). Human rights are highly observed. Consumerism remains again characteristic of this society. Socio-cultural aspects of Sweden tend to be slightly well performing as compared to Japan although the two countries relatively perform well. Technology Sweden has superior technology in transport, communication, IT, research and development and innovations (Capdevielle, Li, and Nogal 2007). Furthermore, society favors and has embraced sustainable information technology society. Sweden just like Japan has accelerated efforts in innovation and investment in high technology power. Brazil Political Brazil is ruled by Workers Party and its allies. Democracy is vibrant and political stability is effective. In addition, the country has dysfunctional and corrupt judicial systems (Haberer 2011). Moreover, the country has large informal economy due to burdensome tax bills. Brazil faces the problems of violence, drugs (Haberer 2011). Furthermor e, the country, exercise orthodox macroeconomics policies: floating exchange rate, inflation, and fiscal restraints (Haberer, 2011). Political stability and performance of governance institutions as compared to Japan are still below, hence Japanese are likely to experience some high levels of institutional corruption in the country. Economic Brazil had an improved GDP in 2008 as compared to 2007 (Haberer 2011). The economy of the country depend on traditional markets-USA and EU. Moreover, the countryââ¬â¢s economy appears to be less vulnerable to external economic shocks. There is unequal income distribution in the country (Haberer 2011). In addition, Brazil has great public debt problem though it is improving. Lastly, the country boosts abundance of major commodities (Haberer, 2011). Brazil economy constitutes of developing societies hence still lags behind Japan. But the country is promising in terms of economic growth. Social Brazil has demographic composition that is young; h ence, the aspect of consumerism is high. Population is growing and this may be viable for market in future (Communicaid Group, 2009). Urban migration is increasing. Income disparities in the country remain relatively high. However, as trends indicate, income per household has been increasing thus consumption needs are likely to increase (Haberer, 2011). Consumerism among Brazilian is high especially among the youth population and this may auger well for Japanese companies. Technology Technological advancement in the country is gradually progressing although consumers still prefer western products since they demonstrate high level of technology. Research and development continues to expand although still largely ineffective. Technology in the country still lacks from innovation initiatives and research and development remain poorly established. Factors that Elecdyne should collect information on Elecdyne Company after selecting the appropriate country it will set its base and establi sh market, need to carry out another analysis concerning two critical aspects. The two critical aspects include culture-related factors and risk factors that Elecdyne should collect information. Having this information, the company will be able to conduct its internationalization strategy more successfully. Culture-related factors Elecdyne should gather information on Cultural aspects have been found to affect the way a business operate and functions in the wider environment (Hofstede, 2001). Therefore, to identify culture related factors as far as international marketing is concerned, the following aspects need to be investigated by Elecdyne Company. First, Elecdyne Company needs to investigate and analyze the dominant beliefs, norms and values exhibited by the society it is likely to set business in. Hofstede cultural dimensions model can be used to analyze national cultural differences between Japan and the countries it is likely to internationalize to. For example, Hofstede deve loped five dimensions which are: power distance, individualism, masculinity, uncertainty avoidance, and long-term orientation (Hofstede, 2001). The essence of these dimensions has been to analyze and differentiate national cultures of different countries. For instance, countries in East and South Asia, and South America, where Japan, Brazil and China are included have been found to exhibit higher power distance as compared to European countries (Sweden) (Suwannapirom and Burapha University, 2005). Higher power distance indicates that the society is largely inclined to values and beliefs that accept inequality and leaders are important in decision-making process (Aswathappa, 2010). Moreover, organizational hierarchies are more defined and explained. On the other hand, individualism as compared to collectivism is seen to be predominant in European countries (Sweden) as compared to Asian and South American countries that embrace collectivism (Suwannapirom and Burapha University, 2005). According to high individualistic countries, people have personal responsibilities, individual achievement is ideal, and people should not be emotionally attached to organization or group (Aswathappa, 2010). On the other hand, collectivism societies embrace group work, decision-making should be based on consensus, and group loyalty is strong (Aswathappa, 2010). Masculinity is another dimension investigated by Hofstede, where the author observed that Japan as compared to Sweden exhibit higher level of masculinity tendency (Aswathappa, 2010). Higher masculine societies emphasize outline and differentiation of gender roles and men are seen to be more assertive and dominant (Aswathappa, 2010). Other countries in this category may include China and Brazil which are part of Asia and South America continents respectively. Other aspects of high masculine society has to do with vesting men with decision-making power, work is more valued and prioritized than family and advancement, success a nd money are important (Suwannapirom and Burapha University, 2005). Uncertainty avoidance is seen to be higher in China, Japan, Brazil, and other related Asian and South American societies as compared to Northern America and European countries (Aswathappa, 2010). Societies that have high levels of uncertainty avoidance are likely to be characterized by belies and norms such as; conflict should be avoided, people perceived to be deviant should be tolerated, laws are necessary and should be adhered to, authorities decisions should be respected, and consensus is important and necessary in reaching agreement (Suwannapirom and Burapha University, 2005). The essence of this is that, a country like Sweden as compared to Japan or China is likely to experience less structuring of activities, fewer written rules dominate, managers are risk-takers, higher labor turnover and many employees are ambitious (Aswathappa, 2010). Risk factors that Elecdyne should collect information on Apart from coll ecting information on cultural aspects on the country it wants to establish operations in, Elecdyne Company should look for factors of role of chance and the role of government in new locations or societies it perceives to be appropriate for business. These two aspects are part of Porterââ¬â¢s diamonds (Barragan, 2005). The role of chance has to do with factors present in the external environment which may affect international business. Such factors include: war, political conflicts, both man-made and natural disasters (Barragan, 2005). These events which may be actually out of control are likely to impact the business environment in a particular country or region. At the same time, the role of government has been found to affect and influence international business. Government role may be largely manifested in aspects like the policies and regulations it set and formulate in the country which can benefit or adversely affect the competency of a country and industry in internation al business (Barragan, 2005). Apart from analyzing the aspects identified above, the company should also investigate and analyze internal risk factors that may affect its plan to internationalize. The internal aspects may include resource capacity of the company to ensure the process is not suffocated by lack of resources (Hoskisson, Hitt, and Ireland 2008). In addition, organizational cultural change should be evaluated to see how risk it pose to the plans of the company. Employee resistance and readiness to the programme should also be evaluated as a risk that can stall the process. Lastly, the companyââ¬â¢s vision and mission should be evaluated to see it is in line with global goals to internationalize. Conclusion Internationalization is a process that should be undertaken after a thorough global environmental scanning. Various aspects have to be investigated and analyzed before arriving to conclusions that will benefit the company. Elecdyne Company can no longer confine itse lf to Japanââ¬â¢s market but requires movement to other markets. As it has been established, global business environment include the four famous PEST (political, economic, socio-cultural and technology and Porterââ¬â¢s Diamond Analysis. Given the situation Elecdyne Company faces: competition, high salary costs and lack of technology, the company will need to invest in international market. To successfully chart this opportunity the company needs to carry out cultural analysis and risk analysis of key aspects. This will enable the company to have a strategic international plan which has ability to succeed and enable the company realize growth. References Aswathappa, K., 2010. International Business. New Delhi: Tata McGraw-Hill Education. Web. Available at: https://books.google.com/books?id=Dk4SWsWbbaMCpg=PA207dq=Hofstede+cultural+dimensions+of+countrieshl=enei=tBjnTtOPKpPn8QP46PGICgsa=Xoi=book_resultct=resultredir_esc=y#v=onepageq=Hofstede%20cultural%20dimensions%20of%20countri esf=false . Anonymous. N.d. Elecdyne Company: Introduction. Web. Available at: http://www.alexhayes.ca/Skills/Analysis%20Projects/Inernational%20Analytical%20Management%20Report.pdf . Barragan, S., 2005. Assessing the power of Porterââ¬â¢s diamond model in the automobile industry in Mexico after ten years of NAFTA. Dissertation in Master of Science in Management. Web. Available at: https://www.uleth.ca/dspace/bitstream/handle/10133/586/barragan,%20salvador.pdf;jsessionid=68FB865456041667AAC7B393FCC8F9AC?sequence=1 . Capdevielle, L., Li, M., Nogal, P., 2007. A creation of competitive advantage by using differentiation of companyââ¬â¢s strategy actions: The case-study of IKEA Sweden with experiences on Chinese and French markets. Web. Available at: https://docs.google.com/viewer?a=vq=cache:6TAS6T7MlOYJ:hh.diva-portal.org/smash/get/diva2:238069/FULLTEXT01+PEST+analysis+of+Chinahl=engl=kepid=blsrcid=ADGEESgbM3Lb3nhOpVKu7EDBhjkQFFUd9F_2WOyW9NncrpAu1CWfwaWyCoBsUJam8meicfqSOqp2-R07q vL6r9cJ7wRqautJWqz9RFRtSwââ¬âQbJx9_VCfQo2j9J6-MPE6YsHu96X2zjgsig=AHIEtbTATmBsutmn0JHceXIzrfjTwBVOPw . Communicaid Group. 2009. Doing Business in Brazil. Web. Available at: http://www.communicaid.com/access/pdf/library/culture/doing-business-in/Doing%20Business%20in%20Brazil.pdf . Haberer, J., 2011. In search of beauty: Beiersdorf in the world of cosmetics and toiletries. Berlin: GRIN Verlag. Web. Available at: https://books.google.com/books?id=MlCzl-4zFwoCpg=PA5dq=internationalization+strategy+and+China%27s+PESTLE+Analysishl=enei=DuzjTqWWE8z0-gb_t8zOBQsa=Xoi=book_resultct=resultresnum=3ved=0CD4Q6AEwAg#v=onepageq=internationalization%20strategy%20and%20China%27s%20PESTLE%20Analysisf=false . Hofstede, G., 2001. Cultureââ¬â¢s consequences: comparing values, behaviors, institutions, and organizations across nations. NY: SAGE. Web. Available at: https://books.google.com/books?id=w6z18LJ_1VsCprintsec=frontcoverdq=hofstede+cultural+dimensionshl=enei=HZ_6TKm1KpGM4QbfyPHbBgsa=Xoi=book _resultct=resultresnum=1ved=0CCgQ6AEwAA#v=onepageq=hofstede%20cultural%20dimensionsf=false . Hoskisson, R. E., Hitt, M. A., Ireland, R. D., 2008. Competing for advantage. OH: Cengage Learning. Web. Available at: https://books.google.com/books?id=ptLXkW9lT2gCpg=PT120dq=Company%27s+Internal+analysis+and+internationalization+strategyhl=enei=Py7kToOAEsTm-gb4qtnGBQsa=Xoi=book_resultct=resultresnum=4ved=0CE4Q6AEwAw#v=onepageq=Company%27s%20Internal%20analysis%20and%20internationalization%20strategyf=false . Kazmi, A. 2008. Strategic management and business policy. New Delhi: Tata McGraw-Hill Education. Web. Available at: https://books.google.com/books?id=J8YGhhK5keUCpg=PA173dq=global+business+environment+and+porter%27s+diamond+analysishl=enei=VQHnTpLIEpT08QP_taHwCQsa=Xoi=book_resultct=resultredir_esc=y#v=onepageq=global%20business%20environment%20and%20porter%27s%20diamond%20analysisf=false . Murphy, C., 2005. Competitive intelligence: gathering, analyzing and putting it to work. Gower P ublishing, Ltd. Web. Available at: https://books.google.com/books?id=KG0Y_qCe1wgCpg=PA37dq=external+business+analysishl=enei=l9zjTsSiEsmDOvbKldMEsa=Xoi=book_resultct=resultresnum=5ved=0CFoQ6AEwBA#v=onepageq=external%20business%20analysisf=false . Stonehouse, G., Campbell, G., 2004. Global and transnational business: strategy and management. MA: John Wiley and Sons. Web. Available at: https://books.google.com/books?id=tA1bYJ8FIzICpg=PA104dq=global+business+environment+analysishl=enei=l9XjToiLMsiqsga-oOy8CQsa=Xoi=book_resultct=resultredir_esc=y#v=onepageq=global%20business%20environment%20analysisf=false . Suwannapirom, S Buratha University., 2005. Transformational and transactional leadership and performance outcomes of Japanese and U.S. managers in Thailand. IL: ProQuest. Web. Available at: https://books.google.com/books?id=p6KAdUAu0Z0Cpg=PA32dq=hofstede+cultural+dimensions+for+Japanhl=enei=YBrnTvP4PMrHsgaE8IGqBwsa=Xoi=book_resultct=resultredir_esc=y#v=onepageq=hofstede%20cultural %20dimensions%20for%20Japanf=false . Tjosvold, D Leung, K., 2003. Cross-cultural management: foundations and future. VT: Ashgate Publishing. Web. Available at https://books.google.com/books?id=yE5sUugtNqsCprintsec=frontcoverdq=cross-cultural+managementhl=enei=X23TTtrYG4meOri3nKQPsa=Xoi=book_resultct=resultresnum=1ved=0CDEQ6AEwAA#v=onepageq=cross-cultural%20managementf=false . Windsperger, J., 2004. Economics and management of franchising networks. OH: Springer. Web. Available at: https://books.google.com/books?id=KdvkAdfRMJQCpg=PA246dq=risks+factors+in+internationalization+processhl=enei=Jy_kTsHdGsmD-waQssDUBQsa=Xoi=book_resultct=resultredir_esc=y#v=onepageq=risks%20factors%20in%20internationalization%20processf=false . This report on Internationalization of Business was written and submitted by user Nightmare 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, April 13, 2020
Sample Essay For MBA Admission
Sample Essay For MBA AdmissionIt can be a challenge to write a good, well-researched, and technically correct word sample essay for a MBR program. There are many ways to organize and format your samples. You can include only the factual information in each sentence or you can have the information is quoted from the document at hand. You can provide brief, objective descriptive sentences to summarize the data without comparing it to any other data source, or you can leave the data information in an external format and then quote it from the document.English is an easy language to learn but there are certain words that need to be avoided. These are the silent letters of the alphabet that do not exist in the language of the writer. These words are word fragments and sentence fragments, such as;' -l',' -er', 'dear' and the' -le' in the phrase, 'when I was young.' There are many more words that cannot be included in a sample essay for college admission. Because of this, your essay samples must be grammatically correct and not contain any errors.Make sure to keep the syllabus for the course you are applying for. Take note of the section topics in the syllabus. In most cases, you will find the same topics as the one being taught in the college. If it is different, then you should find a way to include it in your sample.In some cases, some colleges that offer MBA admissions programs may not accept student essays containing the same sentence structure and key word structure that are used in the syllabus. It is very important to carefully study the syllabus before writing your essay. Your information must not deviate from the course syllabus so that it does not get filtered or discarded.You can also use the Internet and various professional reference services to get additional information. This would include information on MBA admissions requirements, factors that influence the admissions, and procedures used to be considered by colleges when evaluating an applicant. All these will be helpful in determining the format and content of your sample essay for MBA admissions. However, do not rely too much on these sources as they are not independent sources of information.As an example, when a college is looking at the amount of work that is required for an MBA admission, they will use a common measure of how much time is spent on office tasks, research, and regular class attendance. They will use this as a standard to evaluate if you have enough or more work than the required amount.They do not want someone who has less time to take on all these duties. Therefore, they will want a sample essay for college admission that has the appropriate amount of time for each task. A typical sample would be one where the writer can see the standard of the course, the areas that the person has difficulty with, and how this was considered during the process. In short, the sample must include all of the relevant data.
Saturday, March 21, 2020
Recall the President - Why You Cant Recall a President
Recall the President - Why You Can't Recall a President Having regretsà about your vote for president? Sorry. Theres no mulligan. The U.S. Constitution does not allow for the recall of a president outside of the impeachment process or removal of a commander-in-chief who is deemed to be unfit for office under the 25th Amendment. In fact, there are no political recall mechanisms available to voters at the federal level at all; voters cant recall members of Congress, either.à In at least 19 states they can, however, recall elected officials serving in state and local positions. Those states include Alaska, Arizona, California, Colorado, Georgia, Idaho, Illinois, Kansas, Louisiana, Michigan, Minnesota, Montana, Nevada, New Jersey, North Dakota, Oregon, Rhode Island, Washington, and Wisconsin. That is not to say there has never been support for a recall process at the federal level. In fact, a U.S. senator from New Jersey proposed a constitutional amendment in 1951 that would have allowed voters to recall a president by holding a second election to undo the first. Congress never approved the measure, but the idea lives on. After the 2016 presidential election, some voters who may have had second thoughts or who were disappointed that Donald Trump lost the popular vote but still defeated Hillary Clinton tried to launch a petition to recall the billionaire real-estate developer. There is no way for voters to orchestrate a political recall of the president, not even Trump, who generated lots of controversy and had numerous conflicts of interest. There is no mechanism set forth in the U.S. Constitution that allows for the removal of a failing president save for impeachment, which is limited for instances of high crimes and misdemeanors and not simply the whims of voters or members of Congress.à Support For Recall of a President To give you some idea of how prevalent buyers remorse is in American politics, consider the case of President Barack Obama. Though he easily won a second term in the White House, many of those who helped elect him again in 2012 told pollsters a short time later they would support an effort to recall him if such a move were permitted. The survey, conducted by theà Harvard University Institute of Politics in late 2013, found a majority of young Americans (52 percent) would have voted to recall Obama at the time the poll was taken. Roughly the same portion of respondents also would have voted to recall every single member of Congress, including all 435 members of the House of Representatives. There are, of course, numerous online petitions that pop up from time to time calling on the removal of the president by means other than impeachment.à On the website Petition2Congress, for example, voters were asked to sign a petition to recall Obama before the end of his second term. One such petition to Congress states: If you do not act on impeachment proceedings on our current president and his administration, then we the people, respectfully demand a recall on President Barack Hussein Obama. We are dissatisfied with the anti-freedom, anti-constitutional, and the acts of treason implemented by this administration and also demand a full criminal investigation into Operation Fast Furious, Benghazi, the 900 excutive orders, the presidents own sequestration, and the sixteen trillion dollar national debt. On the site Change.org, there were efforts to recall Trump even before he was sworn into office.à The petition stated: Trump was right about one thing; this electionà wasà rigged, butà hesà the one who rigged it, much as fellow Republican Scott Walker did to winà hisà five terms in office.à à Hillary Clinton won the popular vote.à Trumps backing by Russia, Saudi Arabia, criminal hackers, and American terrorist groups compromise the very safety of the United States of America, and that of the citizens. We have the precedent, and whatever the outcome, we willà NEVERà recognize Donald J. Trump as our Commander-In-Chief. How theRecall of a President Would Work There have been several ideas floated for recalling a president; one would originate with the electorate and another would start with Congress and flow back to voters for approval.à In a document he calls the 21st Century Constitution, recall advocate Barry Krusch lays out plans for a National Recall, which would allow for the questionà ââ¬Å"Should the President be recalled?â⬠to be placed on the general election ballot if enough Americans get fed up with their president. If a majority of voters decide to recall the president under his plan, the vice president would take over. In the essayà When Presidents Become Weak, published in the 2010 bookà Profiles in Leadership: Historians on the Elusive Quality of Greatness edited byà Walter Isaacson, historianà Robert Dallek suggests a recall process that begins in the House and Senate. Writesà Dallek: ââ¬Å"The country needs to consider a constitutional amendment that would give voters the power to recall a failing president. Because political opponents would always be tempted to invoke the provisions of a recall procedure, it would need to be both difficult to exercise and a clear expression of the popular will.à The process should begin in Congress, where a recall procedure would need a 60 percent vote in both houses. This could be followed by a national referendum on whether all voters in the previous presidential election wished to remove the president and vice president and replace them with the Speaker of the House of Representatives and a vice president of that personââ¬â¢s choosing.â⬠Such an amendment, in fact, was proposed in 1951 by Republican U.S. Sen. Robert C. Hendrickson of New Jersey. The lawmaker sought approval for such an amendment after President Harry Truman firedà General Douglas MacArthur in the Korean War. Wroteà Hendrickson: ââ¬Å"This nation is faced in these times with such rapidly changing conditions and such critical decisions that we cannot afford to depend upon an Administration which had lost the confidence of the American peopleâ⬠¦Ã We have had ample evidence over the years that elected representatives, especially those with great power, can easily fall into the pitfall of believing that their will is more important than the will of the people.â⬠à Hendrickson concluded that ââ¬Å"impeachment has proved neither suitable nor desirable.â⬠à His solution would have allowed for a recall vote when two-thirds of the states felt the president had lost the support of citizens.
Wednesday, March 4, 2020
Nutraceutical Definition
Nutraceutical Definition Nutraceutical Definition The term nutraceutical was coined in the 1990s by Dr. Stephen DeFelice. He defined nutraceutical as follows: A nutraceutical is any substance that is a food or a part of a food and provides medical or health benefits, including the prevention and treatment of disease. Such products may range from isolated nutrients, dietary supplements and specific diets to genetically engineered designer foods, herbal products, and processed foods such as cereals, soups and beverages. It is important to note that this definition applies to all categories of food and parts of food, ranging from dietary supplements such as folic acid, used for the prevention of spina bifida, to chicken soup, taken to lessen the discomfort of the common cold. This definition also includes a bio-engineered designer vegetable food, rich in antioxidant ingredients, and a stimulant functional food or pharmafood. Since the term was coined, its meaning has been modified. Health Canada defines nutraceutical as follows: A Nutraceutical is a product isolated or purified from foods, and generally sold in medicinal forms not usually associated with food and demonstrated to have a physiological benefit or provide protection against chronic disease. Examples of Nutraceuticals: beta-carotene, lycopene
Monday, February 17, 2020
Disability and its impact on the individdual and Society Essay
Disability and its impact on the individdual and Society - Essay Example People with disabilities face a lot of challenges in the society today. They are restricted in doing things that the society expects out of them. Individuals with disabilities are restricted in various fields of life. Disability brings changes to a persons lifestyle one can acquire a disability through different way which may include heredity, antenatal and post natal factors. It may affect an individual either physically, emotionally and psychological. People with disability are feel less previledeged in life( Smart 23). A disability affects how an individual is viewed by the society, his friends and family. A disabled person may find it hard to communicate and socialize with other people. This notion affects the deaf, blind and people with multiple disabilities for instance the deaf blind . This is because they have a limitation in one or two areas thus need assistance from the society. The experience discrimination during employement due to there inability to participate incertain activities. They are also highly neglected as they are a minority in the society. Sensory impairement Sensory impairment is a condition whereby one or two of the senses in an individual fail to work. This may include smell, sight, touch, hearing and spartial . This disability can be divided into three sections. These are; the hearing impared, the visually impaired and the deaf blind . visual impairment involves the inability to see . It is also are categorized into three sections.The low vision is one of the categories. This involve people who have a vision but use it for primary sensory control. The second category is the functionally blind. These are people who have a vision but use it for functional purposes. Finaly, there is tally blindness. This involve people who have a limited ability to see thus learn and need assistance( Smart 55). They read and write use Braille translation and software and equipment, Braille printer, output computers, screen reader, software , type and s ceen enlargement. Deafblindness is the inability of seeng and hearing. It is a combination of hearing and seeing defisiencies. Hearing impairement occurs when the hearing sense is affected. One may develop it from birth or later in life. It is most commonly caused by loud noise as well as old age. The society renders various services to the blind, deafblind and the hearing impaired which enables them to overcome their challenges and live a normal life . These forms of disabilities can affect an individuals social and working life . The affect persons may fail to converse with the other people especially if they do not know the language of the deaf and of the blind. They may also experience problems with getting to work, they may also have problems with issues partaing to relationships. Most of these people have feelings of anger,depressed and frustrated low confidence and difficulty in concentration . Their family members and friends can give them support at home. At their work plac e they can get assistance from employment advisers, employment rights and support from fellow employees. There are special equipment and a special language that they use for instance the braille and sign language which help them to blend with other people in the society. Though the blind and deaf people face a lot of
Monday, February 3, 2020
Merit Essay Example | Topics and Well Written Essays - 1500 words
Merit - Essay Example uous are rewarded and the vicious punished in proportion to their relative desertsâ⬠is- those who do good deeds are always rewarded while those who perform evil or bad actions are always punished. These actions are towards the attributes with which every individual is born. It also signifies the extent of goodness or evilness of the action that was performed and this is going to decide the merit or desert of the act (Pojman, 1999). In terms of merits the statement given by Pojman holds true in the sense that it promotes people to perform good or rather their best to secure rewards. This act is going to culminate the entire world a place where people are going to procure their merits according to their actions. These actions are in terms of promoting good deeds to make a healthy and congenial atmosphere. In the judicial system, it is not always true that those who have performed virtues are going to be rewarded! At times judgments have gone in favor of the evil task performer. Such cases create a sense of insecurity in the minds of people and tremble their trust and faith from the judiciary system of the country. The statement given by Pojman does not imply that this is how it is; instead it says that is how it should be. The theory in circumstance pronounce that it is not possible to change the minds of people and change the attitude but we all can strive hard to make this world a better place to live where people will receive their merits in proportion to their acts. There are various examples where people receive merits not because they have achieved something but they have deceived others to achieve their targets. Some examples are discussed here: one of the biggest politicians Saddam Husain was very popular amongst the people of Iraq; people rewarded him and offered him their wealth and everything what so ever they could and crowned him as the strongest person in the country. But as there is a saying that power corrupts so he started taking all the
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