Free Trade Agreement And Its Impact On The Economy Essay

Free Trade Agreement Its Impact on the Economy After the end of World War II, the Governments began having an active interest in making trade liberalization a reality via multilateral negotiations (Baldwin Jaimovich, 2012). At the time, the United States was aggressively pursuing liberalization of international trade by forming mutual trade agreements between several counties in successive rounds of multilateral negotiations via the General Agreement on Tariffs and Trade (GATT) and later the World Trade Organization (WTO). However, in the past few years, there has been a growing concern over the effectiveness of multilateral negotiations (Cooper, 2014). This concern has led to the formulation of Free Trade Agreement (FTA), which removes nearly all trade subsidies and restrictions for both individuals and a business around the world. Currently, several FTAs have been signed and proposed between countries (Baier et al., 2014). Economists around the world believe that the FTA now includes a large part of the world’s eco nomic output, and, thus, their impact should be studied in greater depth and detail. The consensus over the impact of FTA is that all their effects, good or bad, should be extremely minimalistic on all the countries involved. The following report provides background on the FTA, examines the FTA regulations, and discusses the impact that the FTA has on the global economy. Background on Free Trade Agreements (FTA) Post World War II, various United StatesShow MoreRelatedInternational Factors and Multinational Corporations1724 Words   |  7 PagesRegional Trade Agreements and Global trade liberalization are common terms that are used to analyze different market structures in the market. According to international economics, RTAs (Regional Trading Agreements) are the agreements in which members give each another privileged treatment with respect to the extent by which the trade barriers have been established. On the other side, Global Trade liberalization is a general term referring to the depletion of trade boundaries globally to ensure freeRead MoreThe North American Free Trade Agreement1118 Words   |  5 PagesThe North American Free Trade Agreement(NAFTA) has tremendously helped Canada and its economic well- being. On the beginning of the year of 1994, an agreement on the basis of trading between Canada, the United States of America, and Mexico was made. This agreement was based on the mo tive of free trade, such that of paying significantly less in import and export taxes between the three nations. NAFTA has aided North America extensively, that being said helping Canada’s economy is no exception to it’sRead MoreA Free Market Area Allows The Free Trade765 Words   |  4 PagesA free market area allows the free trade between members of the partnership. Moreover, within a free trade area members of the partnership do not impose any subsides, discriminatory tariffs, or administrative impediments that would prevent the free trade between the members of the agreement. â€Å"Free trade agreements are the most popular form of regional economic integration, accounting for almost 90 percent of regional agreements† (Hill, 2015 pg. 257). The purpose of a free trade is to promote theRead MoreNAFTA Case Study1586 Words   |  7 PagesS. exports to Mexico. Within 10 years of the execution of the agreement, all U.S.-Mexico levies were to be eliminated except some U.S. farming exports to Mexico to be eliminated inside 15 years. Most U.S.- Canada exchange was at that point duty free. NAFTA likewise tried to take out non-duty exchange barriers and to secure the intellectual property rights on traded items. INTELLECTUAL PROPERTY: The North American Free Trade Agreement Implementation Act rolled out a few improvements to the copyrightRead MoreThe Free Trade Agreement Is An Integral Part Of The President s National Export Initiative Goal987 Words   |  4 PagesThe free trade agreement is a pact between two countries or areas in which they both agree to life most or all tariffs, special fees and taxes, and other barriers to trade between the entities. (White, 2015) The main purpose of the free trade agreement is to allow faster and more businesses between the two countries which is seen to benefit both of them. The United States has free trade agreements with 20 countries. These include 12 bilateral agreements and 2 multilateral agreements. (United StatesRead MoreThe Effects Of Free Trade On Economic And Social Human Rights1371 Words   |  6 PagesFree trade can be defined as the abolition of trade barriers and trade restrictions, and the encouragement of international trade. Free trade gives countries the ability to trade with markets that would have previously been unavailable, thus integrating and diversifying economies (Borghard, 2006, pg. 161). Free trade in practice, has negative and positive consequences for workers as well as consumers. While free trade agreements stimulate and build economies, this is often done at the expense ofRead MoreThe World Economic Scenario Of Brazil1722 Words   |  7 Pageseconomic scenario over the past 25 years. World trade has increased from $8.7 trillion in 1990 to over $46 trillion in 2014 (Global Economic Prospects 2016: 219). These numbers refle ct a growth in the trade of goods and services amongst different nations, which came as a result of globalization. With that being said, an economic interdependence has been formed. Countries that have been actively participating in this phenomenon by joining trade agreements, eliminating tariffs, and facilitating commerceRead MoreTo What Extent Can Free Trade Be Viewed as Beneficial to Economic Development?1408 Words   |  6 PagesTo what extent can free trade be viewed as beneficial to economic development? Trade is one of the oldest types of economic activities known to mankind. Through decades of refining and developing, the traditional method of trading goods has evolved into exchanges of products and services. In the 18th century a British economist, Adam Smith, defined the first principle of unrestricted trade or ‘free trade’. Free trade states the possibility of exchanging goods or services without government interferenceRead More International Trade Essay865 Words   |  4 Pages International Trade What is International Trade?   Ã‚  Ã‚  Ã‚  Ã‚  International trade is defined as trade between two or more partners from different countries in the exchange of goods and services. In order to understand International trade, we need to first know and understand what trade is, which is the buying and selling of products between different countries. International Trade simply is globalization of the world and enables countries to obtain products and services from other countries effortlesslyRead MoreVietnam : A Lower Middle Income Country Of The East Asia Pacific Region838 Words   |  4 Pageslower middle income country in the East Asia Pacific region. As of February of 2016, Vietnam has a population of 94.08 and is 1.27% of the total world population. Vietnam’s economy has been growing since 1990 through free trade and programs to develop the economy. The country is transitioning from a developing, agrarian economy to one more urban and industrialized. The country hopes to expand their contributions t o the global marketplace from low cost labor and agricultural products to more innovative

Television Addiction Essay - 1028 Words

Television Addiction Marie Winn makes a convincing argument that watching too much television can be considered an addiction. Television has become a way of life for most families. Television viewing is so overwhelmingly prevalent nowadays that living without TV is often considered an extreme deprivation. TVs are everywhere, whether you are in a hospital, auto shop, or in the dentist’s office, there’s always a television by the waiting area. It’s a useful tool to help you from the boredom of waiting. Sure, people got other things to do and there are magazines lying around the table but people are more intrigue on what they see on the Jerry Springer Show. Television has been a part of most Americans’ lives and many spend hours of their†¦show more content†¦Drugs are a lot similar to television because it gives us temporary relief and relaxation. With drugs or alcohol, when the high fades, users want to get that high again. Same thing with television, people get so accu stomed to having it, they can’t stop wanting it. Once you are hooked on the program you are watching, you just can’t miss watching and wanting more. Alcoholics or drug addicts lead a damaged life both socially and emotionally. It prevents users from maintaining relationships with their family and friends. Watching too much television has a negative effect on people’s lives. When viewers stare at the tube, it hardly requires any sort of interaction with others, so the viewers are less social with others. In many cases, television can lead to less quality time for most families. Families now spend more time watching television than engage in meaningful conversations with one another. â€Å"It weakens relationships by reducing and sometimes eliminating normal opportunities for talking, for communicating.†Ã‚ ¹ (582) The personal connection between families is lost. It is a lot similar with drug use because users tend to isolate themselves and lose their sense of â€Å"belonging† when they are using. Prolonged users are likely to get depressed and become lonesome. Also, they try not to be seen in public when they are using. Being on the tube most of the time prevents viewers fromShow MoreRelated television addiction Essay1578 Words   |  7 Pages Addicted to Television nbsp;nbsp;nbsp;nbsp;nbsp; The temptations that can disrupt human life are often caused by pure indulgences. That which we most desire may ultimately harm and destroy us. For example, no one has to drink alcohol. Realizing when a diversion has gotten out of control, such as alcohol, is one of the greatest challenges of life. These excessive cravings do not necessarily involve physical substances. Gambling can be compulsive, leading to great financial distress; sex canRead More Television Addiction Essay1004 Words   |  5 Pagesnbsp;nbsp;nbsp;nbsp;nbsp;For roughly sixty years television has been a part of most Americans lives. For some, it is mainly a source of information. For others, television takes on a much more significant role. Many Americans spend hours of their daily life in front of the tube, but are the people entwined in the plot of the average sit com., or are they trapped by the clutches of perpetual, mind- numbing entertainment. nbsp;nbsp;nbsp;nbsp;nbsp;Addiction is a strong word. It is now even consideredRead More Television Addiction related to Children Essay703 Words   |  3 Pages According to Rita Dove, the author of â€Å"Loose Ends,† and â€Å"Television Addiction,† by Marie Winn. Both authors often share the same the views about television. But television addiction is more expressed in Ms. Winn’s essay. However, Ms. Dove speaks of a more personal experience with her daughter, and how the television is an issue in her household. Although, Ms.Dove says in her essay, â€Å"For years the following scene would play daily at our house: Home from school, my daughter would have her backpackRead MoreReview of Television Addiction is no Mere Metaphor Essay examples603 Words   |  3 PagesTelevision Addiction Is No Mere Metaphor Have you ever heard the expression love hurts? Sometimes its the things that we want most that can hurt us. In Television Addiction Is No Mere Metaphor, an article published in Scientific American on February 23, 2002 by Robert Kubey and Mihaly Csikszentmihalyi, we see how this expressions meaning has some truth to it. The things that we are addicted to are not necessities but are desires instead. Kubey and Csikszentmihalyi give the best exampleRead MoreTelevision Addiction1606 Words   |  7 PagesAddicted to Television The temptations that can disrupt human life are often caused by pure indulgences. That which we most desire may ultimately harm and destroy us. For example, no one has to drink alcohol. Realizing when a diversion has gotten out of control, such as alcohol, is one of the greatest challenges of life. These excessive cravings do not necessarily involve physical substances. Gambling can be compulsive, leading to great financial distress; sex can become obsessive, often alteringRead More The Negative Impact of Exposing Children to Media Violence Essay1448 Words   |  6 Pageswill limit the definition of (mass) media to television, and, subsequently, violent (mass) media to television programs that contain violent acts. By children, I will be referring to people of age 18 and below who live in the U.S., since this group is the focus of the majority of the research data that I have used. I will begin my argument by acknowledging a counter argument to my position. I will then go on to disc uss the negative effects of television on children. These effects include an increaseRead MoreHow Technology Has Changed Our Lives1217 Words   |  5 Pageswatched a television. Televisions are so familar to many people. It is one of the blockbuster inventions of all time. Back in ten years ago, the television is how people get the news, and how they entertain themselve, not a computer. Computers in ten years ago were a comlicated machine to use. Even in the twenty first century, the computers or many other high technology machines have much more advance features than a television, but they can be seen as present-day duplicates of televisions. MostlyRead MoreThe Importance Of Television In Fahrenheit 451 By Ray Bradbury997 Words   |  4 PagesYour average American spends 5 hours a day watching television. Fahrenheit 451 by Ray Bradbury is a science fiction novel where the characters spend a majority of their time in their tv parlor. Taken as a whole, television is a source of evi l in 2017. First, television poses a distraction from real life both in Fahrenheit 451 and in present 2017. In the chase scene, Montag demonstrates that people are so caught in television they forget or don’t know reality. It says on page 131,† With an effortRead More Affluenza: An American Epidemic Essay examples852 Words   |  4 Pages affluenza is a compulsive addiction to shopping, which can be cured by spending less time consuming and more time enjoying life. nbsp;nbsp;nbsp;nbsp;nbsp;As the majority of parents work longer hours then other parents did in the past to support their families, children are left at home under the supervision of a television set. The television set constantly teaches children how to be good consumers. Advertisements which appear on television are designed to make childrenRead MoreViolence in the Media Essays684 Words   |  3 PagesFarnsworth was the true inventor of television in 1927. He had no idea that thirty-five years later his inventions would not only be in ninety percent of Americans homes, but also strongly effect everyone that watched it. Following the introduction of television into the United States, the annual homicide rate increased by ninety-three percent(Journal of the American Medical Association). With the invention of television came the job of broadcasting shows on to the television. Broadcasters soon found what

Innovation and Entrepreneurship in 7-Eleven Company †Free Samples

Question: Discuss about the Innovation and Entrepreneurship in 7-Eleven Company. Answer: The assignment includes the management and business of the organization 7 eleven in contexts to innovation and entrepreneurship. The essay is a continuous discussion of the previous assignment. The organization 7 eleven shall use this technique to improve its position in the global market and enhance the business activities to achieve competence. With the aid of innovation and entrepreneurship techniques the organization can overcome the problem occurring in their franchisee. The report analyses the growth of 7 eleven with respect to the above-mentioned two tools. Also it evaluates the benefits of these practices in the organization. 7 eleven is an American-Japanese international chain of stores which provides food products and beverages such as Slurpee Beverages, big Gulp Beverage cup, candies etc. The Company is a subsidiary company of Seven-Eleven Japan Co. Ltd. Earlier the stores chain of 7 eleven was known as Tote'm Stores until it was renamed in the year 1946. 7 eleven was founded by Brandon H. Small, Joe C. Thompson Sr. Claude S. Dawley, John Jefferson, John Philp Thompson, Sr., Jere W. Thompson Sr., and Joe C. Thompson Jr., in the year 1927. Further the company has placed headquarter in Texas (7-Eleven, 2017). In the recent decade it has been noticed that the innovation tools is shaping path of success for many companies worldwide. Innovation refers to the technique of processing the same work with a different creative approach. Innovation and entrepreneurship are closely interconnected and competence to an organization if adapted together. The process of innovation depends upon the type of the organization and skills they want to enhance in the management of the organization. The foremost duty of an entrepreneur is to inculcate innovation in the management and adapt flexibly according to the business environment (Drucker, 2014). Entrepreneurship in relation to innovation is a notion which defines the capacity of an organization to manage risk and generate profit out of it. It refers to the innovative activities which a business shall implement to develop the organizational structure. This process includes activities which an entrepreneur shall perform by injecting creativity into their work. Entrepreneurship is also known as the process of starting a new business and availing all the opportunities provided to the company by identifying and measuring the risks. The concept of entrepreneurship is dynamic and involves a visionary approach to reach the target by eliminating all the management barriers and utilizing the resources optimally (Tidd Bessant, 2015). As stated earlier innovation and entrepreneurship are interconnected factors which affect the growth of a business. The innovation is a broader concept which includes entrepreneurship in its working. The entrepreneurs perform their activities in an organization with innovation so that they can achieve a competitive edge in the market. Some of the renowned entrepreneurs who created their brand image with innovation are Mark Zuckerberg owner of Facebook and Larry Page owner of Google Company. Innovation is the key action of entrepreneurship through which business active success now a day (Trimi, Berbegal-Mirabent, 2012). W.D Guth and A. Ginsberg invented the term in-trapreneurship which stated the birth of a new enterprise within existing business. This states that the formation of a new internal business structure with respect to innovative ideas and techniques. In today's world innovation is the need of every enterprise to become successful and resolve the barriers without disturbing the business activity. An organization can achieve success if innovation and entrepreneurship work together efficiently. Further, an organization shall implement the innovation and entrepreneurship tools considering the factors such as strategic vision and mission, statement creative management program, efficient internal communication, adapting technology, waste management, optimizing resources and leadership. The technique shall be followed considering the above-mentioned aspects. Strategic mission shall be prepared and it shall be creatively implemented in organization (Audretsch, Falck, Heblich, 2011). Innovation is a tool required by every business in order to precede effectiveness in their organization. In earlier times, business with traditional management techniques used to work efficiently due to lack of competition technology in the market. But with the change in time, business tactics are becoming innovative, thus to succeed in the industry a company require to implement innovation and entrepreneurship in their practices. The 7 eleven company is the demand of its customers due to its taste and quality of product. This helps the company gain the competitive in the market. Further 7 eleven shall use these tools to create a definite innovation and entrepreneurship framework in the organization structure (Onetti, et. al., 2012). Entrepreneurship in narrow concept refers to creating new idea and implementing it in the organization. So it can be seen that sole entrepreneurship cannot work well to establish and enhance the activities of 7 eleven. Thus the company shall define a set of framework to manage the activities of the organization. In order to execute the framework the management of 7 eleven shall analyze the internal factor causing barrier in the growth of the organization. In relation to it, new innovative techniques shall be defined by the management so that barriers are removed and 7 eleven improves its managerial skills as well. The implementing innovation in an organization, there are three basic components which shall be looked after, that are, infrastructure, capital and entrepreneurial capacity (Ar?kan, Engino?lu, 2016). In context to innovation, the entrepreneurial practices shall be followed. After determining the techniques, the company shall make sure that such innovation is the demand of organization and its customers. Further for persuading innovation technological changes shall be implemented in the managerial process. It has been noticed that 7 eleven is facing problem in managing franchisee of the organization. Thus, to remove the barrier the company can implement innovative techniques to retain the customers and drive them to reach the organizational objective (Malagueo, Bisbe, 2010). Innovation can only be implemented if entrepreneurship practices are strong, so the entrepreneur shall define new goal for the organization considering the objective of company as well as employees and lead them to achieve their respective target. Also, the entrepreneur shall maintain good communication so that problems can be easily overcome through discussion. Future to resolve the problem efficiently, the entrepreneur shall manage all the innovative activities under their surveillance so that the employee shall not get distracted from their goals. Thus in this way the company 7 eleven shall achieve organizational innovation through entrepreneurship process (Berglund, Gaddefors, 2010). Also, the company shall not get confused with innovation and disruptive innovation. Disruptive innovation is a form of innovation technique which creates new product and in the new product market. As it is seen that the company already enjoys a brand image in the market and do not need further changes in the product or market. Thus, 7 elven shall make sure that they implement innovative techniques in the existing product only (Kohles, Bligh, Carsten, 2013). Hence, in the limelight of above events, it shall be concluded that the company 7 eleven is facing the issue in managing the franchise. So in order to change the condition and create efficiency in the organization, the management of the company shall implement the innovative techniques strategically. The company shall try to focus on innovation through entrepreneurship and not involve in disruptive innovation. References 7-Eleven, (2017). 7?Eleven Profile.Viewed on September 3, 2017 from https://sites.7-eleven.com/corp-BAK/7-eleven-profile Ar?kan, C. L., Engino?lu, D. (2016). Kurum ?i Giri?imcilik Nas?l Geli?tirilebilir? Bir Model nerisi.TISK Academy/TISK Akademi,11(21). Audretsch, D. B., Falck, O., Heblich, S. (Eds.). (2011).Handbook of research on innovation and entrepreneurship. Edward Elgar Publishing. Berglund, K., Gaddefors, J. (2010). 8. Entrepreneurship requires resistance to be mobilized.(De) Mobilizing the Entrepreneurship Discourse, 140. Drucker, P. (2014).Innovation and entrepreneurship. Routledge. Kohles, J. C., Bligh, M. C., Carsten, M. K. (2013). The vision integration process: Applying Rogers diffusion of innovations theory to leaderfollower communications.Leadership,9(4), 466-485.. Malagueo, R., Bisbe, J. (2010). The role of management accounting and control systems as antecedents of organizational creativity and innovation capabilities. Onetti, A., Zucchella, A., Jones, M. V., McDougall-Covin, P. P. (2012). Internationalization, innovation and entrepreneurship: business models for new technology-based firms.Journal of Management Governance,16(3), 337-368. Tidd, J., Bessant, J. (2015).Innovation and entrepreneurship(No. 3). Wiley. Trimi, S., Berbegal-Mirabent, J. (2012). Business model innovation in entrepreneurship. International Entrepreneurship and Management Journal, 8(4), 449-465.

Disaster Is Different Around The World Essays - Tropical Cyclone

Disaster Is Different Around The World Disaster is Different Around The World The purpose of this paper is to show the difference between the way the United States faces a disaster and the way Central America handles a disaster. In 1992 we faced the costliest hurricane to hit the United States in history. In 1998 Central America was rocked by fourth strongest hurricane ever. Though both were huge disasters our perception of a hurricane might be a little different than someone living in Latin America. As previously stated, Central America was hit by a train. And this train had a name?.Mitch. The storm was formed off the coast of Africa and gained strength in the open ocean. When Mitch came ashore on October 29th it had sustained winds of 180mph and unknown gust velocity. It crept slowly inland and dumped record amounts of rainfall in a short period of time. The countries most effected by the hurricane were ; Honduras, Nicaragua, El Salvador, Guatemala, and Belize. As of December 2, 1998 the number of confirmed deaths was 5,642 with 8,050 still missing. People injured in the storm counted 12,272. Over 1,199,000 people were displaced. With more than 100,000 homes destroyed (UN Situation Report par.9). Over 2,000 people were swept away by mudslides on the Casitas volcano when in one week in October more rain fell than in the previous three years combined. Governments were overwhelmed by the need of supplies. The cost to Honduras alone was well over 4 billion dollars. With over 70% of the food crops destroyed help was needed very badly, but with communication down and 90% of roads washed away it was hard to supply villages deep inland (USAToday online #1 par. 14). When the Hurricane first came ashore there was very little anyone could do but hold on to something, anything. No place was safe. Central American countries are some of the poorest in the world and a hurricane proof shelter is hard to find. Most people grabbed what they could and headed for the hills. That idea was not always good because then there was a risk of mudslides. After the major part of the storm was over people returned to their homes to find nothing at all. The government did all they could to help but that wasn't much. Huge towns of plastic tents were constructed. Aid groups came in with food which was hard to come by. There was never enough. In some regions schools and factories were shut down to house and feed the injured. Unemployment soared to a huge 60% due to the lack of places left standing. The government started hiring people to clear roads and public areas. The pay was a whopping 10 dollars a week but that is better than not having a job at all. Analysis shows that rebuilding bridges across the damaged areas could take almost four years(USAToday#1 par.6). Deepening poverty is almost certain. Another thing which is huge problem is the health risks associated with this type of disaster. The destruction and contamination of the fresh water is one of the main things. Another is raw sewage being in the rivers and streams which can spread many diseases. The most common right now in Central America is; diarrhea, skin diseases, acute respiratory infections, conjunctivitis, and a few cases of Leptospirosis. Due to the fact that all these diseases are there makes fewer people want to help in the clean up effort(USAToday#2 par. 11). On August 24, 1992 the United States was hit by the costliest hurricane in U.S. history. Andrew was his name and like Mitch it was a very deadly storm. It had 145mph winds and gusts up to 175mph. Unlike Mitch, Andrew only killed 41 people and destroyed over 100,000 homes(Terry par.#1). Residents who lived in the hills of Central America and had no warning of the approaching hurricane while everyone in Florida and the surrounding areas knew for two days that a hurricane was headed in their direction. In the case with Andrew the Red Cross already had shelters set up and more volunteers on the way to help. American's being a giving people sent contributions and other supplies to Floridians to help with the recovery effort(Terry

Business Plan Essay Example

Business Plan Essay Example Business Plan Essay Business Plan Essay Business plays a vital role In the life and culture of countries. In todays society people are willing to assume the responsibility and the risk for a business operation with the expectation of making a profit. Most businesses develop a new product, a new market, or a new means of production. This report outlines the steps required in setting up a small Business In Antigen and Barbuda. As a guideline we came up with a business In which we would manufacture a commodity for sale locally and regionally. The name of our business is called Waddle Jam. By using this company it would give a clearer picture and understanding of the steps involved. The steps that are outlined in the report are as follows: Come up with a good business Idea Write a business plan (Approach lending Institution for funding) Decide on a winning name for your business Choose the form of business you are going to start Get a business License Register for taxes Prepare to have employees Buy other kinds of business Insurance Get your business records off to a good start There are different forms of business in todays society. The group company Waddle Jam is owned by four individuals therefore the form of business being used is partnership. In this form of business the owners generally decides on the product, acquires the facilities, and brings together the labor force, capital, and production materials. If the business succeeds, the partners reap the reward of profits: If It falls, all the partners take the loss. A business must acquire a business license before they can operate legally within their country. In Antigen business licenses are issued by the high court of Justice. Taxes are apart of every country, In Antigen a business must register to pay taxes. The Institutions that Issue these taxes are Medical Benefits scheme, Social Security and Inland Revenue. In most businesses employees are an essential part of the structure and development of the business. When starting a business you must prepare to have employees. Develop a method In which employees are hired. Each employee needs the skills and qualifications for the type of business you are operating. Operating a business. Getting business records off to a good start will make it easier to manage the accounting and payroll of the company. Business Idea Our business idea came from Mr Lucien Pilgrims love for Jams. He developed this craving from his childhood years when eating crackers and home made Jam at his randomnesss house. As he grew older he looked for that special taste in Jams at the supermarket. During his visits to several supermarkets he realized that there were more imported Jams being sold than Jams made with local fruits. He then decided to conduct a feasibility study about Jams being sold and manufactured locally. The results from his study showed that 10% of Jams on the market were made locally. On further investigation it was revealed that senior citizens made most of the local Jams. These are done on a small scale. The recipes from these Jams are not passed on to the younger generation. Mr Pilgrim then became very concerned that the recipes of the Jams he loved since childhood would soon be buried in the grave along with our ancestors. He then decided to start a business where he would keep the recipe and his culture alive. He approached five people from the community to develop his idea: Jonathan Gilles He supplied the fruit trees Recipes for the Jams Karee Ask Accounting and management skills Successful Business Lawyer Unaware Remain Marketing experience They were all interested in his idea and decided to invest by putting in shares into the business. ANALYSIS Company analysis: Our goal is to make a profit while marketing a product via the internet and also our focus is to produce the best tasting Jam there is on the market. We have developed a fully functional website that has enabled customers to view the various flavors of jams being offered. CUSTOMER ANALYSIS: of the hundred visitors we are expected to have 60% become customers, after viewing our products which expresses culture and heritage. Our value drivers would be cheaper price of products than our competitors and also a better delivery time. Our customer base will be made up of simplifiers which are people who are attracted y sites that make doing business easier, faster otherwise more efficient than is possible in the physical world. COMPETITIVE ANALYSIS: Our competitor market position is their strength, whereby they already have a strong brand name. Their weakness would be delivery time because they are not located on the island. Our competitors control at least 60% of the market thus far. COLLABORATORS: The hosting site is bravest, they collaborate with the web designer in order for the website to be functional. S. W. O. T ANALYSIS STRENGTHS Staff with experience in accounting, marketing and management skills Practicing lawyer for twelve years Land with numerous fruit trees Entrepreneurial attributes such as commitment, determined perseverance and self confidence There are not many other businesses that sell locally. WEAKNESSES Lack of liquid cash to Finance start up cost Lack of established markets OPPORTUNITIES To be able to expand the Capital Consumers not having to go far to get the product Quality Jams THREATS Take a while to enter market since customer/ client relationship would have to be established for fixed deliveries There are several other local Jams being sold Natural elements such as hurricanes etc, animals such as birds, rodents may destroy ruts The company Waddle Jam main purpose for writing a business plan was to secure funding, such as bank loans. Scotia bank was approached by one of the partners to secure a loan for the company. Following is the information needed by the bank before a loan is granted to the company. You must have tangible security (collateral) in the form of cash or land. You must deposit 35% of the amount of the loan. The loan is paid on principal interest for no more than arrears. The interest rate is between 11-12%. After the loans officer and director of the bank review the requirements, 65% of the initial loan will then be granted to the company. A loan of $441 ,OHO. Price In order for our business to be successful we have to market our product effectively. We intend to sell our product wholesale and retail. Our aim is to decrease the mount of Jams that are imported into the country and replace those Jams with our product. The cost of our products is cheaper as they are locally made and there are easily transported to the various supermarkets. We want our Jams to be lunch snacks to children, on breakfast tables at hotels, restaurants and supermarket shelves and also sold to many tourists that enter the island. Eventually we hope to export our Jams to other countries. Our first target is to get our product into the major supermarkets and hotels. By our estimate this will be about 70% of the population of Antigen and Barbuda and about 0% of tourist. Meetings with prospective customers media advertisements and flyers would be the machinery put in place to market our Jams. As an introduction to our product we intend to give samples to shoppers and tourist at various hotels as an experiment on how effective the product is. Then we will record their general opinion and comparisons to the Jams they normally buy. We choose a location that is accessible to everyone. We are located at Coolidge Industrial Park. This location is away from the busy streets of the city traffic with easy access to the airport. Promotion After our product has been introduced into the market the next step is advertising. Because we have plans to eventually take our product regional we decided to advertise on a regional radio station along with local media. We have received a proposal from Family Radio which broadcast to eight other islands: Montmartre, Inguinal, Nevis, SST Skits, SST Marten, SST Martin, Saba, and SST Status. This is a very popular radio station around the Caribbean. They also have a worldwide audience on the web. In their proposal they are also offering us a banner space on their website which would lead them to our website www. Waddle]amaze. Bravest. Mom where they can view our products and contact information. Decide on a winning name for the business You would want a name that is memorable and is going to summarize what your business does for marketing purposes. The partners of the company did some brainstorming for a catchy name. They came up with the name Waddle Jam. The name Waddle symbolizes the heritage and our culture and Jams spelled J-A-M-Z represents the old techniques brought into the future. Together they signify the past and present. The form of business ownership used by Waddle Jams is partnership. Waddle Jams is under a general partnership agreement. Each of the four partners is Jointly and severally liable for the debts of the partnership. This means if the business suffers loss it is shared between partners however this means that as a partner you can be held responsible for any wrongful act or omission by other partners acting in the ordinary course of the firms business which can be a serious disadvantage. In contrast the most successful partnerships are those where the partners have complimentary talents and are comfortable sharing the decision-making. OBTAINING A BUSINESS LICENSE The company has to pay $100 for registration, and an additional $25 for a search to e done in the register to see if the trademark is registered. A local agent then has to file the paper work in regards to the companys trademark, then after about two days Trademark Licensing A trademark is a sign that that individualizes the goods of a given enterprise distinguishes them from the goods of its competitors. A trademark must be distinctive and it should not be deceptive. Patent The recipe for the Jams is passed to one of the owners of the company so getting patent rights will ensure that the company Waddle Jams is the only company using that recipe for the Jams. Register the business for Taxes Taxes that a company in Antigen pays for are: Medical Benefit (Payable to Director of Medical Benefit Antigen and Barbuda) Social Security (Payable to Director of Social Security Antigen and Barbuda) Educational Levy (Payable to Commissioner of Inland Revenue) Business Tax (Payable to Commissioner of Inland Revenue) Business Tax Medical Benefit Social Security Educational Levy Particulars 35% of Net Profit 3. 5% of Employees and Employers Salary 3% For Employee and 5% for Employer 2. 5% of Employees Salary salary over $5000 The amount of business tax paid to Inland Revenue differs depending on the form of Revenue in the table above is the deductions commissioned for a business operating as a partnership. The deductions made for business tax are payable on a yearly basis. A form is usually given to employers off business by these institutions to ensure the payments of taxes are made. Hiring Employees While starting a business-hiring employees may be the furthest thing from your mind but its amazing how quick a business can grow. A selected numbers of persons must be chosen with the necessary skills and qualifications needed to carry out the different tasks required to perform the functions of the company on a daily basis. We intend to hire at least 12 employees in the business preliminary stage. Following is a description of the type of staff our business requires: Manager Must have at least 5 years of management skills. Executive Secretary Must have at least 5 years experience in administration. Computer skills required. Floor Supervisor In charge of production, must have at least 1 5 years experience in manufacturing. Cooks Must be experience in pastry making etc. Stewards Must have 10 years experience in the related field. Driver/Delivery Person Must be an experienced licensed (85) heavy-duty equipment river. 5 Years) Cleaner Must have 5 years experience in the related field. Security Must have at least 7 years in the related field. Conclusion with the idea to start a business. The procedure in which one has to set up a business deals with a lot of planning, consulting for information and ideas. The most challenging part of doing this exercise is compiling the business plan. A lot of intell ectual power went into the business plan. Even though the project was challenging members of the community were very cooperative and patient in giving us all the necessary information.

Business Essay Example | Topics and Well Written Essays - 500 words - 36

Business - Essay Example Such teams have members who are highly committed and work in a work environment that enhances collaboration and learning. Teams that lack these characteristics end up being ineffective for the organization. There are various behaviors that team members and leaders need to carry out in order to form an effective team. In an effective team leaders need have a future oriented approach and they need to have the ability to influence other team members towards the achievement of the team’s goals (Kuczma 11). Leaders need to promote anti-discriminatory behaviors and respect the importance of diversification within teams. The team members need to provide support to their leaders while accepting and respecting the differences between them and other team members. The members need to have a positive attitude towards work and develop strong bonds with other team members. According to TEAM model a new team is developed in a step by step model (Noyes 72). The model states that first a team meeting takes place and the members are informed about the purpose for which the team has been made. Next the team leader indulges in the work of identifying what roles are to be assigned and who will be responsible to carry out those roles. The team then starts performing and in its initial stages it may not perform effectively. Thus evaluation of the performance is carried out and issues are discussed and solutions are identified. This helps in developing the effectiveness of the team which ultimately results in attainment of organizational aims as well as objectives. Conflict is an issue that arises even between the most effective teams and it is the job of the members of the team and the leader to minimize those conflicts. In order to minimize conflicts the collaboration method should be used (Gido 380). While using this method, team members tend to identify a solution that benefits everyone within the team. The members need to face the conflict in

Travelling and Culture Essay Example | Topics and Well Written Essays - 1250 words

Travelling and Culture - Essay Example Critically, travelling is an avenue to an open mindset. It is a way of understanding the very essence of live and coming to terms with what the world has to offer in the form of diversity. That travelling is bridge to cultural adaptability and orientation can never be disputed. Indeed, much knowledge in the world is gained through exposure to different experiences and perceptions. This very exposure and experience is a function of travelling which connotes the movement from one situation to another. Spent a stint of your lifetime in Africa, another timeframe in the States and some stay in the Orient countries and you are certainly a well-rounded individual who understands the world in greater depth than the conventional observer. Many educational institutions across the world focus on cultural exchanges between students in different cultural backgrounds with the motive of inundating the students with all that relates to the different cultural backgrounds. This greatly contributes in shaping the mindsets of such students so that they realize and incorporate different aspects into their lifestyles (Arnold 98-9). In many countries across the world, global travelling comes under great onslaught from its critics on the account that it ruins people. In Africa, most students who travel abroad for further studies go back with totally different lifestyles that are often unwelcome in their countries. It then begs the analysis of the whole concept of travelling and its relation to an individual’s cultural opinion. In the analysis, it appears the whole matter boils down to an individual and how they approach different situations. In many instances it can be seen that people who get exposed to different cultures by virtue of travelling approach the whole situation on a different perfective (Bastian 85). While some people get totally indoctrinated with new ways of live and shun their former cultures, others simply appreciate and understand the differences. That create s the whole jam. However, it is imperative to realize that the general make up of an individual is the greatest determinant in the whole cultural equation. Interestingly, culture cannot infuse by itself from one country to another. It must be conveyed through the actions of man like travelling and entertainment. Therefore the argument on whether travelling helps to communicate between cultures gets much backing considering that as people approach new cultural environments, they also spill part of their cultural adaptations in such environments thereby creating the whole link. However, some people may argue against travelling on the account that it is not the only avenue for cultural communication (Lincoln 55). For instance, in most large cities across the world, it is not uncommon to locate a French restaurant that offers purely French cuisines or a Chinese restaurant that brings Beijing to such local environments. The argument then goes that it demands more or less than travelling to communicate different cultures. Travelling contributes to the growth of knowledge and prevents narrow-mindedness. It creates the chance to annihilate the many different stereotypes that people hold against each other especially from different cultural environments. Even inter-cultural marriages are negotiated in such forums, making unity amidst diversity. Indeed travelling makes this