VALS SURVEY Essay Example | Topics and Well Written Essays - 250 words

VALS SURVEY - Essay Example In the wake of recognizing the trailblazers and experiencers as the VALS for this specific item, an appropriate choice ought to be made on precisely how to speak to them (Christensen, 2011). Initially, to speak to the trend-setters, I might want to suggest that the advertiser ought to guarantee that the item is made to be imaginative and appealing. As self-realized customers, the encounters must be baited to buy the iPad in the event that they are persuaded that it is fine and advance to their eyes. This is the main route through which they can see it as an item worth spending their cash on (Kerin, 2012). Then again, to interest the experiencers, the advertiser ought to guarantee that the iPad is made to speak to an inventive, in vogue and novel item that delineates a self-articulation thought. On the off chance that it has such highlights, these customers will think about it as the favored ware to buy (Kotler and Keller, 2009). Experiencers are youthful customers who vigorously spend on stylish items like iPad that suit their unquenchable preferences for

The Time Machine by H. G. Wells essays

The Time Machine by H. G. Wells articles Let me start off this exposition by saying that I trust H.G. (Herbert George) Wells is one of the most astute authors of his time: a genuine futurist. Clearly, I read The Time Machine by H.G. Wells and I might want to state that it was incredibly elegantly composed and seems as if it was composed decently as of late. It might simply stable along these lines in light of the fact that humankind has not so much attempted Time Traveling. The topic of The Time Traveler is, from my perspective: Think about what you are doing before doing it. The Time Traveler ought to have thoroughly considered his excursion and avoided potential risk for everything that might turn out badly, or ideal so far as that is concerned. On the off chance that he had done this, I am certain he would have had a camera, matches (to fend off the Morlocks), stogies (he continually yearns for them all through the novel) and obviously, his machine would not have been caught by the Morlocks. The principle characters in The Time Machine were The Time Traveler, Weena (an Eloi who The Time Traveler protected), the Eloi as a race and the Morlocks as a race. Since you know the fundamental characters, I will clarify their motivation in the novel and their practices. Weena was by a long shot the most intriguing character with regards to the novel. She was an Eloi who was suffocating while at the same time attempting to wash in a stream. The Time Traveler immediately hopped into the stream and protected her. Weena then began following The Time Traveler wherever during his investigations. He found out about the Eloi individuals and their language and the Morlocks from Weena. The Time Traveler was certainly savvy. He made sense of an approach to go through time! He was additionally a beguiling, rich and well disposed man, excessively on edge and inquisitive, I would state. His tension caused him to go to some other time ill-equipped, nothing with him except for a bundle of matches . The Morlocks are a cutting edge proportional to our present day primates-simply uglier, smellier and they live underground. They are forceful and are blinded by even frail wellsprings of lig... <!

SWOT Analysis Of The Asda Store Commerce Essay

SWOT Analysis Of The Asda Store Commerce Essay The point of a SWOT investigation is to recognize the degree to which the present methodology of an organization and its particular qualities and shortcomings are pertinent to, and prepared to do, managing the progressions occurring in the business condition. It can likewise be utilized to evaluate whether there are chances to misuse further the one of a kind assets of the association. It ought to likewise be recalled a SWOT is just a depiction of a particular point in time. Given the dynamic idea of the cutting edge business world, associations need to persistently screen their key situation to guarantee that their drawn out methodologies and operational methodology stay pertinent to the requirements of the market. ASDA Internal Strengths Budgetary Resources and Economies of Scale ASDA was established in 1965 by a gathering of ranchers from Yorkshire. Since that time the organization has experienced numerous changes. In the mid 1990s the organization was in budgetary trouble however was saved by the administration of Archie Norman. Starting here onwards the organization thrived and was in the long run purchased by the US goliath Wal-Mart in 1999. Wal-Mart is on the biggest organizations on the planet with immense deals income ($316 billion). This gives ASDA two inside qualities: Budgetary Resources Should ASDA wish to grow more stores or enhance into another scope of items and administrations, Wal-Mart could give the essential money related assets to support these new turns of events. This implies ASDA would not need to depend upon outside suppliers (for example banks and so on) to give the fundamental assets to business development. Economies of Scale Being ready to charge lower costs on a reliable premise, is a key factor as far as making sure about a considerable portion of any market. Give the enormous buying power Wal-Mart has, it is obviously set to arrange considerable limits on an exceptionally wide scope of items and administrations. ASDA can exploit these limits. Expansion The overall revenues on food things will in general be moderately low (for example 10 to 20%) when contrasted and different merchandise and enterprises. Asda, alongside its three primary opponents (for example Tesco, Sainsburys and Morrisons) have broadened into different items and administrations so as to reinforce their gainfulness. ASDA is additionally engaged with money related administrations, dress and property advancement. Garments has end up being its best component of its expansion approach. ASDA has its own scope of apparel known as George. This is advertised as quality style dress at reasonable costs. It is evaluated that George is the fourth biggest retailer of attire in the UK, after Marks and Spencers, the Arcadia Group and Next. Expansion into different items, administrations and markets gives an inner quality since it shields ASDAs benefit base from serious weights in the basic food item retailing market. Representative Satisfaction/Environmental Issues Both of these things are inward qualities for ASDA. In 2001, 2002 and 2003, the organization was casted a ballot a best 10 UK boss by the Sunday Times Top 100 Employers Survey. The organization perceives the effect it has on neighborhood and worldwide economies. ASDAs long haul point is to source 100% sustainable power source. It is focused on lessening fuel emanations by 80,000 tons by 2007. It has just arrived at half of this objective. It is changing over its whole armada of trucks so they run on bio diesel. ASDA Internal Weaknesses Being Part of Wal-Mart Being a piece of the Wal-Mart bunch is twofold edged. As sketched out before. ASDA is furnished with interior qualities by being a Wal-Mart organization. Be that as it may, in the United States, Wal-Mart has been in receipt of significant analysis from an assortment of persuasive sources over various issues. These will be examined in full under outside dangers. Any type of analysis produces negative press and TV reports at last this rush of disappointment could spread to the UK. This would think about severely ASDA. As Wal-Mart is the parent organization it can at last abrogate any choices made by the ASDA top managerial staff. Therefore Wal-Mart could constrain ASDA to present new working practices dependent on its American tasks. These working practices could be thoroughly strange to a UK workforce and conceivably demonstrate extremely hard to execute. Worker Dissatisfaction In 2006 the organization was seen as in break of the UK business law as to worker's guilds and was discover  £850,000. Likewise in a tough situation when some Asian representatives working in their dispersion communities were approached to deliver their international IDs so as to demonstrate that they were qualified for work in the UK. This activity prompted claims that ASDA was acting in a bigot way. In 2005, it was uncovered that in an overview, did by the organization that lone 1 of every 4 of its staff shopped coming up. ASDA External Opportunities Outside circumstances would be recognized by finishing a PEST examination of the companys outer condition. Social variables offer ASDA an assortment of chances to develop the scope of items and administrations they right now give. Life Trends/Demographics In spite of changes in market and exchange cycles in the course of the most recent 30 years, the normal extra cash per head of populace in the UK has risen consistently during this period. Furthermore purchasers have gotten significantly more modern and requesting. They hope to purchase top quality items at moderate costs. Unmistakably ASDA has figured out how to fulfill the desires for its clients with its George scope of apparel. Given that ASDA right now holds 17% of the staple retail showcase, being second just to Tesco; it has built up an extremely solid nearness and brand mindfulness inside the psyches of its clients. It is very much set to exploit changes in way of life patterns and socioeconomics, as far as its capacity to grow new items and administrations to meet the rising desires and needs of its clients. Buyer Attitudes and Opinions/Consumer Buying Patterns/Advertising and Publicity/Brand, Company, Technology, Image These zones are firmly identified with life patterns and socioeconomics. As expendable salaries increment, ASDA need to impact buyer mentalities and assessments, and purchasing behaviors, by strengthening its image picture and client reliability, through compelling publicizing and advancement. A key part of having a huge client base is to energize strategically pitching. Therefore the companys generally speaking number of clients may continue as before yet after some time the deals and gainfulness per head will increment. This will be accomplished as ASDA grows the intrigue of its items and administrations to all portions of its client base. ASDAs External Threats The Anti-Wal-Mart Lobby There is broad protection from the further advancement of new Wal-Mart stores. Why? It is contended that the organization undermines neighborhood retailers by having merchandise made in creating nations (for example China and Bangladesh) in sweatshop conditions and afterward selling them at costs, nobody else in the neighborhood contend with. At last the littler stores are constrained bankrupt and Wal-Mart increases a restraining infrastructure inside that territory. Wal-Mart additionally runs hostile to association crusades. Since taking ASDA over in 1999, Wal-Mart has to a great extent left the UK supervisory group to continue ahead with the running of the organization. In any case, in the event that it endeavored to utilize a portion of its progressively forceful approaches in the UK at that point, as prove by the American experience, this would bring about a lot of harm to ASDA as far as lost clients and poor exposure. Office of Fair Trading Investigation In 2000 an examination concerning the control of the basic food item retail showcase by the four major organizations was turned out. From that point forward, each of the four organizations have received forceful extension arrangements. They presently control 74% of the market. This time there is a groundswell which recommends markets won't get away from guideline. Intense controls on their capacity to extend, or even principles constraining them to auction stores where they command, could be presented. Partner Mapping So as to decide how ASDA should push ahead in regard of the discoveries from the SWOT examination, it is important to build a partner mapping. This is important with the end goal for ASDA to comprehend the help and restriction it will create for an arranged change. Resistance Backing Dynamic Opponents Aloof Opponents Fence Sitters Aloof Supporters Dynamic Supporters High Office of Fair Trading ASDA Shareholders Partner Power Medium Hostile to- Wal-Mart campaigners in the USA Different groupings restricted to new retail improvements for example nearby networks, neighborhood specialists ASDA clients Food makers Low Relationship of Convenience Stores Other basic food item retail clients Partner Power Partners all have power, regardless of whether it is the proper force put resources into a position or authority put resources into a social intensity of having the option to convince others to help or contradict the change. Those with the higher force will be ASDAs most valuable supporters or most perilous rivals in this manner power examination will help ASDA to organize its emphasis on its partners. The Office of Fair Trading (OFT) is a fence-sitter as it must stay fair-minded. The Association of Convenience Stores is a functioning rival. This is on the grounds that its individuals are unfavorably influenced when ASDA opens up another store. The Association has low force since its individuals can't rival the large four retailers in the commercial center. In any case, by building a collusion, it is workable for a rival to move upwards and into the powerful box. This is on the grounds that the Association has mentioned to the Office of Fair Trading that an examination should happen. How Active Opponents With Low Power Can Increase Their Power Status The counter Wal-Mart campaigners in the USA are recorded in light of the fact that there is nothing to stop the counter ASDA rivals from framing a union with them. Producing collusions between rivals assists with making them

Economic Growth Of The Republic Of Mauritius Finance Essay - Free Essay Example

Background The Republic of Mauritius, advantageously located at the crossroads of investments in the Indian Ocean region, has benefited from surprising socio-economic growth with a huge economic growth averaging 5% for the past 20 years (Mauritius Bright Future; Grand Baie Trust). This is the result of wary economic governance support by sound business and financial infrastructure with a reputation of trustworthiness, competence and integrity. The Government initiated a wide range of incentive to attract investments, and as a result, the greater part of the Mauritian economy is accounted for. Mauritius has faced growth as an outstanding offshore financial service centre due to the fact that the legal and fiscal structure has been further strengthened through the performance of a series of up to date and user-friendly legislation and this fact is adding a new aspect to the economic prosperity of the country. Mauritius and DTTs According to information that is available from the Ministry of Finance, the first double tax treaty by Mauritius was by Germany and the year the treaty was signed dates back to the 1978 but it was ratified in 19901. As of this year, the number of treaties signed comes to 35 and a series of treaties are under negotiation. Most of the treaties are based on model conventions established by international organisations such as the OECD (organisation for Economic Co-operation and Development) or the United Nations, where the former accounts mainly for the interest of industrialised countries and the latter for those of less developed economies. 1: Annex 3: Summary of the features of the double taxation avoidance treaties from the Ministry of Finance. The reason as to why the country started to sign DTTs is the same as other countries. That is, whenever funds are invested from one country to the other, the returns on investment are liable to taxation in both countries. The purpose of double taxation avoidance is to get rid of this double taxation between the two countries signatory of the treaty, this ought to be done without creating loopholes that permit tax evasion. In doing so, the treaty encourages the movement of capital and persons as well as boosting trade between the two countries. An argument similar to this was made by Dagan (2000), Radaelli (1997) and Gravelle (1998). The Indian Tax treaty had reinforced the coming of Mauritius as main channel for FDI into India. In 2002, the Indian tax authorities due to suspected abuses by Indian-resident investors questioned the treaty. However, after a string of impressive court hearing, the status quo was brought back. The Indonesian treaty lapsed for similar reasons on the 1st January 2005 after the Indonesian government informed the public about the termination in 2004. The matter was closed without any discussion regarding the issue The reasons given were that, allowing an assessment and evaluation of the implementation of the treaty, the Indonesian government has concluded that there was an abuse that was inflicting a loss upon Indonesia. The letter referred specifically to those foreign companies that are registered in Mauritius as Global Business Licence companies and to our domestic legislation that enabled them to obtain tax dispensation or nullification on their business Income from Indonesia, said the Government (source: www.lowtax.net/lowtax.html) Mauritius Reason of going for DTTS Most direct tax treaties were negotiated with FDI in mind (Manoj Pant Professor, JNU, 2006). Hence, one has a reason to believe that Mauritius went for DTTs for the same reason. Mauritius went for tax treaties so that investors investing in the country are comfortable. Treaties provide a structure for so that there is no or very minimal conflicts between the contracting parties. The treaties are also advantageous in the sense that it helps in signalling to investors that Mauritius is part of the international organisation and one can carry out business and investments there (Diane Ring(2006)). Another reason as to why Mauritius favours DTTs is so that companies may get some relief from taxation in both the country of origin and the country it is investing in. In addition to that, with the varying tax systems around the world, no taxation scheme can guarantee an impartial capital export or import regime. DTTs also reduce tax avoidance, tax evasion and other more or less legal tax-saving strategies such as transfer pricing. Mauritius and the offshore Jurisdiction Mauritius launched its global business sector in 1992 and has concluded several tax treaties since long before that. The Government has set up a wide choice of incentives to attract investment and consequently, while the agricultural sector used to lead, tourism followed by textile production makes up a huge part of the economy of Mauritius. The legal and fiscal framework has been strengthened through a series of modern and user friendly legislation being into practice. This fact has helped Mauritius rise as a prominent offshore financial services centre. Trends in the Mauritian Offshore sector On an international scale, the offshore industry has highly helped to bring forward the global financial structure. This chapter illustrates the activities, strengths and weaknesses of the offshore sector in Mauritius. It also depicts its role and growth throughout the last nine years. Definition In most countries, an offshore jurisdiction is often perceived as a conventional key to decrease disproportionate tax burdens levied on investors. According to the International Monetary Fund (June 2000), Offshore finance is, at its simplest, the provision of financial services by banks and other agents to non-residents. Worldwide offshore activities have been one of the various famous issues which had attracted the attention of the international standards involved in the international regulatory system. Over the years, Mauritius has diversified its economic activities from the sugarcane export through the manufacturing sector and has now become a nearly full-fledged offshore investment platform. Offshore business has been a useful tool for the financial integration of Mauritius and has greatly contributed to its economy. The Financial Services Commission outlined that Mauritius continued to develop as a world class financial services centre, focusing on high levels of service and international standards within a business-friendly and professional environment. The Mauritian offshore sector has been able to impose its well-defined status as a valuable business spot. History of the offshore sector In 1989, offshore Banking has been the start of the financial services in Mauritius when the first Offshore Banking Unit (OBU) was licensed. A governmental framework for non-Banking offshore institutions has been operating since 1992. At the time, the Mauritius Offshore Business Activities Authority (MOBAA) was launched to act as a regulatory body for all non-banking business activities. Ever since, the offshore companies and fund registrations grew swiftly. List 1 in Appendix details the activities that the MOBAA consent to. On May 15, 2001, the Financial Services Development Act was approved. It recognized the FSC as an institution reliable to perform all functions that were previously carried out by the MOBAA. Since then, the FSC has been motivated towards the consolidation of a flexible and robust regulatory environment for financial services. In August 2002, the Financial Intelligence Unit (FIU) has been established to fight against crime, alleged money-laundering and terrorism. The key opportunity which hugely helped to the development of the Mauritian offshore sector is the network of tax treaties, especially with India. Double taxation agreements provided striking features to Mauritius as an appealing investment prospect. Mauritius has now attained a number of 35 tax treaties with the rest of the world. Thanks to India which has been promoted as the 2nd most attractive global FDI location from the World Investment Prospects Survey 2008-2010 published by United Nation Conference, Mauritius is being seen as a flourishing fund administration. Types of companies operating in the offshore sector of Mauritius Offshore activities are carried out by various corporations in Mauritius which are explained below. The descriptions are largely inspired by FSC annual reports and the Income Tax Act. Global Business Companies Under the Financial Services Development Act 2001, a global business is defined as a corporation holding either a Category 1 or a Category 2 business licence. GBC1 According to the FSC, a GBC1 is a corporation which undertakes any activities listed in the Second Schedule of the FDSA 2001 which is carried on from within Mauritius with persons all of whom are resident outside Mauritius and which is conducted in foreign currency. If properly managed and controlled, a GBC1 might qualify as a tax resident and will take advantage of the Double Taxation Avoidance Agreement (DTAA) network. This provides a golden opportunity for international tax planning. GBC2 If a private company does not conduct any business with the people residing in Mauritius and thus does not deal in Mauritian Rupee and is incorporated under the Companies Act 2001, then it is said to hold a Category 2 GBL. A GBC2 is non-resident by definition and thus cannot benefit from the network of DTAAs available in Mauritius. Better confidentiality being one of its main advantages, a GBC2 is very efficient in holding and managing private assets, given that the company is properly handled. Source: HSBC MAURITIUS: A GUIDE TO GLOBAL BUSINESS Since the initiation of the Global Business Sector (Offshore Sector), its evolution has been quite evident. The number of both GBC 1 and GBC 2 companies has been kept increasing as shown in the above figure of Evolution of Global Business Companies. COMPARISON BETWEEN GBC1 AND GBC2 GBC 1 GBC 2 ÂÂ   ÂÂ   TAX -15% (Effective 3%) -Exempt -No Capital Gain Tax -No Capital Gain Tax -No Withholding tax on dividends -No Withholding tax on dividends -Access to double taxation treaties -No access to double taxation treaties ÂÂ   ÂÂ   CAPITAL AND SHARES -No minimum required shared Capital -No minimum required Capital Shares -No bearer shares -No bearer shares -No par value shares allowed -Par value shares allowed ÂÂ   ÂÂ   Directors and Shareholders At least one director and one shareholder required At least one director and one shareholder required -No corporate director allowed -corporate director allowed -At least one director has to be from Mauritius Director does not have to be a resident of Mauriitus -Annual General Meeting Mandotory -Annual General Meeting Not Required ÂÂ   ÂÂ   Annual Account and Registration -Audited annual account to be filed with FSC -No preparation, filiing and publication requirements for annual accounts -Annual returns needs to be filed ÂÂ   ÂÂ   Requirements Qualified Company Secretary resident of Mauritius The company decides whether to have a resident secretary or not Registered Office in Mauritius to hold book and records Registered Agent in Mauritius to hold statutory books and records ÂÂ   ÂÂ   Others 7-15 days of incorporation period incorporation period of 5 days Continuation/re-domiciliation from/to another jurisdiction allowed Continuation/redomiciliation from/to another jurisdiction allowed May be active in banking, insurance, fund management and any activity involving public money Cannot be active in banking, insurance, fund management and any activity involving public money Protected cell companies (PCC) A PCC is a special type of offshore entity. It allows for the legal separation of assets attributable to each cell of the company whether it is owned by another company or a single person. The procedures for a PCC to be licensed and incorporated are the same as for a GBC1 and can also be converted into a normal GBC1. Trusts This type of offshore vehicle can be set up by either residents or non residents. They provide a legal and efficient way of securing ones asset. Trusts can take various forms; charitable trusts, discretionary trusts, purpose trusts or trading trusts. Qualified global business can be carried by a Trust after obtaining a GBC1 license. A trust may not be able to obtain a GBC2 licence. Socit The Code de Commerce Amendment Act of 1985 allows for the formation of a socit en nom collectif which can be translated as partnership and socit en commandite simple which can be translated as limited partnership. Both are used in order to control and plan investment in the global business sector. The Finance Act 1996 allows the socits to benefit from the DTAAs. OTHER FACTORS AFFECTING FDI No Corruption It is among the countries which have recorded a significant improvement in apparent levels of corruption, according to the 2010 Corruption Perception Index of Transparency International. Mauritius is ranked 39th out of 178 countries (source: https://www.transparencia.org.es), and is second in Africa, after Botswana. Corruption is not seen as an obstacle to foreign direct investment. Hence to keep up with the progress of FDI, the government must make sure that corruption is fully combated. Greenfield Investment Greenfield investment refers to the fact that companies from abroad (multinationals open up branches or subsidiaries in Mauritius. This acts as a capital inflow to the country, thus such investments may be encouraged to keep FDI sound. Evolving from employment quantity to employment quality Just going on creating employment is not enough to improve the states economic position. Quality of the employment provided also need to be considered. For example, just recently, the government started advertising about the number of job vacancies in different sectors, mainly in textile industry. This is employment quantity. There are many qualified persons, those possessing degrees in science, history and others, who are unemployed. Employment provided of these people would be employment quality. Economic upgrading Economic upgrading is important as a next step to industrial change. It is important to consider a countrys investment strategy. Developing the financial markets may help to attract FDI as the World Investment Report estimates that for every FDI dollar, 3 dollars are raised locally. The government also needs to upgrade existing FDI in medium term, that is, it needs to let firms think regionally, after establishing linkages, raise education levels, and tap niche markets. DOUBLE TAXATION TREATIES AND FDI IN MAURITIUS Developing countries sign double taxation treaties (DTTs) in order to attract more foreign direct investment (FDI) (Eric Neumayer, February 2006). The same thing can be said in the case of Mauritius. The latter restricts its capability of taxing the income of foreign investors so that more FDI is the reward. If an international company is faced with double taxation, this can represent a hindrance to foreign investment. Through double taxation treaties, the incentives for investment are a low corporate tax rate or exemption from tax, exemption from customs and excise duties on imports of equipment and raw materials; exemption from tax on dividends and capital gains; a low rate of 5% registration duty for notarial deeds; free repatriation of profits, dividends and capital; and reduced tariffs for electricity and water. Even for Mauritius, the use of fiscal incentives (tax concessions, cash grants and specific subsidies) is standard just like other offshore jurisdictions. Mauritius sign s DTT for various reasons. Investors originating from the countries with which DTTs were signed invest in Mauritius, they benefit from the DTTs as the country provides them with safety measures and steadiness with regards to the issue of taxation. The country also commits to granting certain relative standards such as treating foreign investors better than national investors. Thus, this should be acting as motivation for them to put in funds in the economy. As a result, one would be expecting FDI to be quite high, both the inflow and outflow. https://www.ic.keio.ac.jp/en/download/jjwbgsp/2007/5_Mauritius.pdf DTT MAURITIUS.. TABLE Contribution of Offshore sector to the economy The Mauritian offshore sector has created a well-defined position in the domestic development. Since its establishment in 1992, it has continued expanding at a growing pace. In order to assess the impact of the offshore sector on the economy data from various reports of the FSC and the CSO will be analyzed. The data considered is based on four factors: 1. The contribution to GDP 2. The evolution in the employment levels 3. The growth of GBCs 4. The financial performance of NBFIs. 3.4.1 Contribution to GDP The link that exists between the offshore sector and the economy can be studied by considering the contribution of the financial services to GDP. GDP is defined as the grand total money value of all goods and services produced in an economy over a specific period of time. Table 1: Gross Domestic Product by industry group at current basic prices, 2000-2008 In the beginning of the millennium, textile was the predominant agent that added most to GDP; nevertheless, the above table shows that financial intermediation also has its share. In 2000, Financial Intermediation accounted for 9.6% of GDP and Textile represented 11.9%. However in 2008 the former represented 10.9% of GDP while Textile stood for 5.4%, or approximately half the value of Financial Intermediation. In nominal terms, Financial Intermediation grew by 150.2% in nine years from 2000 to 2008. This impressive growth is the result of attractive investment incentives and structuring offshore regimes. Financial Intermediation can be broken down into three parts; the Insurance sector, the Banking sector and other. The latter is believed to account for the offshore sector. As shown in the table below, financial services sector, whether it is banks, insurance or other, has continuously increased and led to constant GDP growth. Table 2: GDP by industry group at current basic prices. The share of the offshore sector in the GDP increased from Rs1950 millions in 2005 to Rs 2910 millions in 2008, which represents a nominal increase of 49.2% in only 3 years. This is due to the independence of the FSC and the liberalizing of the international Global Business Companies system in 2007. As from its establishment, the offshore business has not stopped expanding and contributed to the development of the economy. While in 2000 the offshore sector represented 0.82% of GDP, in 2008 it grew to reach 1.25%. Another way of analyzing the contribution of the offshore sector to GDP is by considering the sectoral growth rates of GDP. Table 3: Gross Domestic Product by industry group sectoral real growth rates (% change over previous year ), 2000 2008 The table above shows that contrarily to other sectors of the economy such as Sugarcane and Textile, Financial Intermediation sustained a positive growth rate from 5.8% in 2002 to 10.1% in 2008 and for most of these years the growth has been greater than those of the other sectors. In fact, the positioning of the island as a business hub, the competent human capital base and network of tax treaties continue to be the key tools to accomplishment of that sector. Table 4: Gross Domestic Product by industry group sectoral real growth rates (% change over previous year), 2005 2008 The table shows that the offshore sector has been performing very well for all these years, with an ongoing positive growth rate .The average growth rate of the offshore sector was 11.8%. This might be due to a good and strong supervision and efficiency from the part of companies. Employment Generation Another direct impact of the offshore sector is the striking job creation that an international financial center may provide for the natives. Table 5: Employment in financial intermediation As shown in the table above employment in Financial Intermediation keeps on increasing. Originally, the emphasis was focused on employment creation in manufacturing rather than expansion of a financial services centre; but this has progressively changed. From 2000 to 2008, the increase in employment was of 51.2%. The insurance sector is the largest employer in the non banking financial institutions. The figures presented above comprise of local and expatriate staff, but the sector depends more local staff than expatriates. In the offshore sector most of the people employed work in Management companies or in Corporate trustees. The share that Financial Intermediation represents in total employment also did not cease to increase during all these years. Growth of GBCs A useful indicator to identify the impact of the offshore sector to the Mauritian economy might be to evaluate the number of licences that have been granted allowing companies to operate in Mauritius. New companies help to develop innovative activities and expand the existing ones in the offshore sector. The table below shows that Mauritius has developed a niche industry in the increasingly competitive global business sector. The sector demonstrated a total of 36711 licensed GBCs in 2008. Throughout the years, the number of licensed GBC1 kept on increasing. Its growth rate was continuously positive. The number of GBC1 almost doubled in 2008 as compared to 2001. In 2008 there was a fall in the number of license granted to GBC2 from an 11.88% increase in 2007 to a 9.12% increase in 2008. This could be attributable to the financial crisis. Even though, it was predicted that the credit crunch would have no impact on Mauritius, it was found inevitable that its offshore sector would be hit as less foreign investors came to Mauritius. However, the average growth rate was maintained showing a strategy building exercise to face the numerous challenges. Table 6: Growth rates of GBCs Financial performance of NBFIs When considering the value of the assets and profits as well as the turnover of NBFIs, one can assess the impact that this sector has on the economy. Table 7: Financial performance of NBFIs As can be seen from the table above, whether it is for GBC, insurance or for other NBFIs, assets, turnover and profit kept on increasing. In two years time the assets of insurance companies in Mauritius increased by approximately 27.5% while the profits of GBC almost tripled. Though it is not present in the table, the total value of the assets of the NBFIs represents a very high percentage of GDP illustrating that Mauritius is now slowly diverging from its other sectors and emphasizing on Financial Intermediation which acts as a route for investment. Insert FDI CTRY ANALYSIS 3.5 Conclusion The various activities and evolution of the offshore sector have been targeted. The above figures in short reveal that the offshore sector as well as the whole of the financial services sector in Mauritius is in good health and is very likely to sustain it.

Principles Of A Group Dynamics - 849 Words

G.6.a. Approach to principles of a group dynamics, group process, development stage philosophies, group members’ roles and behaviors, and therapeutic factors of group. Through the use of Textbooks-, this CACPRE standard (2009) helped me to comprehend the process of all items that are basic to the unfolding of group from the beginning to end. For example, group norms, generating trust, how conflict emerges in a group, patterns of resistance, and shared goals that characterize a particular social group. Furthermore, I understand that group dynamics can provide an empirical validation for pre-screening, the forming, storming, norming, performing, and adjourning phases (Corey, Corey, and Corey, 2014). In addition, tools for assessing, the use of a Likert, Zung Depression Questionnaire and Suicide Behaviors Questionnaire-Revise (SBQR), can help build an organized and well-balanced group. G.6.b. 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Terrorism Essay - 526 Words

nbsp;nbsp;nbsp;nbsp;nbsp;Why do people resort to such violent acts as bombing, assassinations, and hi-jacking? How do individuals and organizations justify these acts of terror? These acts can easily be labeled as terrorist actions. Terrorism is a growing international problem. In the recent years, new terrorist groups and organizations have been forming at an alarming rate. Governments have had little success in their attempts to resolve issues involving terrorism. One of the major problems in discussing terrorism is â€Å"establishing a generally accepted definition.† Terrorism can be described as, â€Å"the unlawful use of fear or force to achieve certain political, economical, or social aims.† By being so difficult to define, organizations†¦show more content†¦Acts of terrorism have been committed by individuals, or groups who seek national independence. â€Å"One such act was the assassination of the Arch Duke of France in 1914. The assassination had soug ht to win Bosnia form Austrian rule, but failed and led to the outbreak of World War I.† Modern Terrorism is similar to terrorism from the past. At the same time, many methods that are more violent are being used in the 21 century. Today, terrorism poses a threat to innocent people, and is a serious threat to democratic forms of government. †One of the characteristics of modern terrorists is their practice of taking hostages in order to force their demands upon a particular government.† If demands are not met, the hostages face the threat of death. Hi-jacking commercial airlines and holding their passengers and crews hostage has become a favored method among terrorists today. If one can remember correct, it was just recently that America faced its most devastating act of terrorism yet. Over 5000 innocent people were killed in the September 11th attacks on the World Trade Center and Pentagon. 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Introduction Terrorism poses a serious security challenge to the Australia and globally as it prevalence has increased over a decade although less attacks occur in the Western nations. The purpose of this assignment is to examine what trends and terrorist tactics are evident internationally over the past 5 years andRead MoreTerrorism Between Terrorism And Terrorism2012 Words   |  9 PagesTerrorism has played a brutal and alarming role in societies across the world. Many nations have been confronted with the need to develop solutions in the wake of tragedies caused by terrorism. Unfortunately, terrorist organizations are still operating and terrorist acts have continued. Many questions that have still gone unanswered despite careful study, but governments are finding some relief when collaborating with anti-terrorism organizations (Fischer, 2002). Terrorists have struck almost everywhere

Build Organisational Stimulates Creativity -Myassignmenthelp.Com

Question: Discuss About The Build Organisational Stimulates Creativity? Answer: Introduction The change in the needs and the preferences of the consumers has affected the behaviors of the companies. Technological advancements have largely affected the change that is being undertaken by the organizations in order to cope up with the challenges faced. The most important consideration that the organizations undertake is based on the leadership and management of the organizational behaviors, which helps the organizations to plan their progress in the market. The report aims at understanding the organizational structure of organizations that led to the downfall of the market shares resulting to the modifications that are being undertaken by the organizations in order to cope up with the changes. The organizational structure helps in determining the abilities of the organizations in relation to the market availability of the organizations. The improvements in the product and the services that the organizations undertake help in improving the market situation of the organization (Clutterbuck and Hirst 2012). The report enumerates the ways in which the organizational structure and the procedures undertaken by Organizations affect the availability of the products and the services. The main purpose of the report is to enumerate the changes undertaken by the organization in order to cope up with the advancements. The structure of the organization and the procedures that the organization undertakes is an important consideration that justifies the cause of their availability in the market (Galliers and Leidner 2014). Organizational culture that allows continuous improvements The organizational culture helps in identifying the significant changes that must be undertaken. Changes are necessary for the organization to cope up with the requirements of the people. The approaches that are being considered by the organizations are based on the criteria of change that the organization enforces (O'Hair, Friedrich and Dixon 2007). The norms and regulations that are enforced by organizations and the policies that the organizations undertake determines the kind of change. The most important consideration undertaken by the organizations is based on the criteria of making the most of the resources in the market structure. The changes that are being taken by the multinational corporation, IBM, are based on the requirements of the company to improve the market conditions. The engagement of the suppliers and the awareness that the company seeks to create among the stakeholders helped the company in making the changes. The organizations can bring in the change through the formulation of the planning and implementation teams, assigning a business goal depending on the requirement of the progress and the improvements of the activities undertaken by the organization structure (Beyerlein and Harris 2004). Assigning a business goal helps the organization in keeping the employees motivated and thereby undertake integrated functions in order to achieve the goal. The multinational company, IBM, has adhered to the requirements in order to ensure the changes in the organizational structure. The upgrades in the systems and the security have helped in undertaking steps for bringing in improvements in the functions of the organization. On the other hand, Ford motors could not sufficiently change the organizational structure based on the requirements of the consumers. This resulted to a loss of the market and a declining economy of the company. The basic consideration undertaken by the company is based on the culture of the organization and the changes that are required to be brought to the systems to cope up with the changes. Approaches to accept the change In order to accept the change the organization undertakes the certain approaches. The approaches help the organization in justifying the change that is being undertaken by the organization. According to Kotter and Schlesinger, the approaches undertaken by the organization relating to the change can be divided in the six basic forms. They are being enumerated in this section of the analysis (Kotter 2012). The approaches are being discussed in this section of the analysis. Education and communication Communication is the basis of the improvement that will be facilitating organizations to undertake important decisions of the change. A dynamic communication helps in integrating the internal and the external departments and that will be helping organizations in bringing about the change (Alvesson and Sveningsson 2015). The message of change can be circulated in a free manner with the usage of proper communication strategies. On the other hand, the education helps in making use of the resources in the perfect manner. It will enable the company to hire skilled work force, which is an important factor for the progress of their business. Participation and involvement The active participation of the employees and the stakeholders is an important consideration undertaken by the company in order to implement the change. It is on the efforts of the stakeholders that Organizations functions (Kotter 2012). According to the CEO of Nokia, the employees are the major helping hand for their progress (Damanpour and Aravind 2012). Therefore, the participation of the employees helps an organization in bringing about the change. Facilitation and support The facilities and support that is being planned by organizations will be helping the organization to facilitate their position in the market and improve their market situation. It helps in bringing about the probable change in the structure (Kotter 2012). The facilitation implemented by the organizations will help in supporting the change that is being undertaken by then organizations. Negotiation and agreement The negotiation and agreement is the stage where the organization faces the change and argues on the requirements of the change to be implemented. The situation of the organization in the market mostly influences this approach of the organization. It helps the organization in understanding the needs of the organization to fulfill the requirements. Manipulation and co-option Manipulation of the strategies helps the organization in bringing about the change in the systems. The change that is required to be brought in the system is based on the requirements of the organization (Kotter 2012). Manipulation of the changes helps in bringing in the improvements in the models of the organization. Explicit and implicit coercion The explicit and the implicit coercion are based on the leadership styles of the managers where the managers can force the change upon the employees. It might result to a lower retention rate of the employees (Damanpour and Aravind 2012). On the other hand, the effective management of the organization can convince the people working under the organization to accept the change. Continuous quality improvement The continuous quality management is based on the facts that organizations aim at delivering the quality products and services. The quality of the product ensures the client retention rate for the organization. Quality improvement can be undertaken by the organization through the continuous monitoring over the functions and the systems undertaken by the organization. The important consideration undertaken by the organization is based on the requirements of the clients and the expectations of the stakeholders. In order to hold on to the market, the company must undertake serious strategies in order to monitor over the services and the products manufactured. The organizations must make it a point to consider the customer satisfaction through the products and the services developed by them (Ahuja, Soda and Zaheer 2012). The main aim of the organizations must be customer oriented in order to fulfill the demands of the clients. On the other hand, empowering the employees and motivating them in order to perform their job role in the best possible way is the important consideration that the company in order to progress. The communication channels chosen by the company also determines the changes undertaken by the organization. It helps in determining the efficiency of the organization in performing the actions. The company also requires monitoring over the statistical units in order to determine the financial perspectives involved in the change. Every change that is being undertaken by the companies cost something out of the organization. The change helps in making the considerable improvements based on the requirements of the organization. The market conditions of the companies help in determining the change that is being undertaken. Impacts of leadership style and management on improvement processes Management styles Implementation Impact Autocratic The decisions of the organization are undertaken by the individual not considering the decisions of the group members Discontent and malfunctioning of the workforce Democratic It undertakes steps in order to encourage the participation of the employees while taking a decision It helps in encouraging the employees and undertake the smooth functioning of the organization Strategic It helps in influencing others to take decisions based on the long term objectives of the organization It helps n the strategic planning and the decision taking of the firms The changes that are being planned by organizations are based on the leadership style that the organization undertakes. The leadership style of the organization and the management largely affects the change. It helps in the formation of the strategies and the implementation of the strategies. The autocratic leadership helps in making the right decision for the organization (Alvesson 2012). The autocratic management helps in determining the most important concern of the organizations based on the requirements of the change. The decisions that are being formulated by the organizations in order to adhere to the change are based on the criteria of the requirements of the people. The leadership styles greatly affect the stakeholders of the organization and the employees at large. The liberalistic style of leadership helps the employees in taking up the change by convincing them of the requirements of the change. On the other hand, the bureaucratic leader forces the change on the systems o f the organization and the employees. It might cause a break down in the morals of the employees and thereby the change might not be undertaken successfully. Importance of continuous improvement The continuous improvements undertaken by organizations are based on the criteria of the change that is being undertaken by the organization. In order to undertake the improvements in the market, the company must undertake the changes to cope up with the requirements of the consumers. It helps the organization in meeting the expectations of the consumers at large. The rise of information technology has affected the growth of multinationals largely (Camisn and Villar-Lpez 2014). Organizations must make use of the information technology in order to keep the target consumers aware of the situation of the company in the global markets and also about their technological advancements. Therefore, the organization is required to modify their systems in order to cope up with the changes in the environment adhering to the requirements of the clients. It helps them in enhancing the availability of the brand in the market. Opportunities for improvement The organizations are required to undertake the changes in order to cope up with the requirements of the consumers. The growing needs of the consumers are based on the technological advancements made by the era. In order to cope up with the changes of the era, the multinational companies are required to undertake certain changes. The changes help the organizations in keeping up to the market considerations and thereby make progress in the respective fields. PESTLE analysis is being initiated by Nokia in order to gain the insights about the technological environment to be faced. The analysis of the technological environment with the help of the PESTLE analysis shows that, technology in the electronic gadgets markets is rapidly changing and evolving. Thus, it is important for Nokia to effectively determine the need and requirement of the customers and in accordance to that offer newer technologies in the market. The sources that helps the organization in determining the change that is required to be undertaken by the organization is based on the market research. The market research of the organization helps the organization in bringing in innovations in the products therefore helps in bringing in improvements in the systems. On the other hand, the proper understanding of the requirements of the clients is facilitated through a thorough study of the buying habits of the customers. It is facilitated by the implementation of the Customer support systems of the organization. The systems help the organization in understanding the changing trends of the world and the change in the requirements of the people Improvements that are being undertaken by the companies The improvements that are undertaken by the companies are based on the amount of requirements of the clients and the environment. The change helps the company in making the considerable improvements in the structure and the functions of the organizations, which enables them to sustain their brands in the market. Most of the changes undertaken by the companies are based on the competitiveness of the market and therefore the companies examine their communication abilities and the redesign their organizational structure in order to take the correct decisions. Certain companies like the Mc Donalds have undergone massive change in the years in order to cope up with the requirements of the consumers (Cummings. and Worley 2014). The changes in the food that the company prepared was based on the health concerns of the people affording the food. The considerable changes that the company took clearly portray their concern relating to sustaining their brand in the market. in order to cope up wi th the market competition,. The concerned company for this report, Nokia has opportunities to bring about the change in the systems in order to cope up with the advancements of the technology of the era. The most important consideration undertaken by the company based on the market situation faced by the company is to consider a change in the structure of the company (Burke 2017). It will be helping the organization in bringing in improvements in the structure of the organization. The opportunities for improvement of the Nokia Corporation are based on the relation it holds with the stakeholders. The stakeholders form the integral part of the progress that a company makes. Therefore, it is necessary for every company to maintain a healthy relation with the stakeholders. The concerned company must enumerate new strategies of communicating with the stakeholders in order to keep them involved and thereby make a progression (Argote 2012). On the other hand, the company has an opportunity of improving the information system of the organism in order to improve in the present day market. it is based on the requirements of the customers that the company enumerates and incorporates the change. The other opportunities for the change include the consideration of the technological aspects by the company rather than focusing o the hardware of the products that are manufactured. The importance of meeting the requirements of the consumers must be considered by the organizatio n in order to bring about the significant change in the organizational structure. It helps in determining the market situation of the company (Alvesson and Sveningsson 2015). Therefore, the concerned company must undertake steps in order to meet the requirements of the people opting for their product or services depending on the trend. The company must also make use of the innovations in order to sustain the market for their line of products. The company has undergone the changes where the consumer queries were answered in the marketing campaign. The company therefore made an attempt to relay the information of the proceedings of the company to their stakeholders to make them aware of the situation. On the other hand, Apple redesigned the products manufactured by the company in order to hold on to the market of the organization. it helped them in retaining the brand name of the organization and thereby helped the company in retaining the loyalty. Apple began restructuring its product line based on the quality of the products manufactured by the organization which helped them to improve their market share (Rummler and Brache 2012). The transformational change undertaken by Apple helped the company in retaining the market of the organization. Likewise, Nokia is trying to evolve new technologies in the era of technological advancements in order to ensure that their market availability remains undisturbed. Simultaneously, the company is focusing on improving the communication systems, which helps the company in transmitting the information to the people and the stakeholders thereby creating awareness among the people (Goetsch and Davis 2014). Every product faces a life cycle in which the product is first introduced to the market and then craved for and afterwards with the decline in the marginal utility of the product it ends up. In order to sustain the product in the market, the company must bring in innovations in the product. it helps the company in gaining a competitive advantage in the market. The concerned company can update the existing range of phones to the current technology that is the trend, or might simply introduce a new product in the market packed up with the tech. The change in the organizational systems can helps in bringing simultaneous improvements to the company in order to sustain the market of the company (Kaufer and Carley 2012). The most important consideration undertaken by the company based on the requirements of change is improving the communication systems of the company. It enables the company to transmit information externally and internally which helps in bringing in the changes effectively . Big data and its impact on the strategic management Big Data helps in calculating the data at macro levels of management. it helps in assessing the credentials of the given organization relating to the change that is being planned by the companies. It helps in determining the hidden patterns of the organizations and modify them in order to bring about the change in the organizational culture. The most important concern of the companies are based on the requirements of the consumers on whose demand the company runs (Kerzner 2013). Adhering to the requirements of the client helps the organization in making the considerable changes in the organization for its gradual improvement. The undertaking of the market analysis is also included in the Big Data in order to understand and correlate the market situation of the company. The Big Data analysis helps in understanding the correlation between the changes that are being required by the organization structure. In order to adhere to the changes, the analysis helps in determining the market demand and trends that are affecting the market of the organizations. The analysis helps in undertaking the effective management of the organizations as it determines the changes that the organization must undertake in order to sustain in the market and imp[rove simultaneously (Pettigrew 2014). On the other hand, Big Data requires information based on which the analysis of the functioning is made. The wrong interpretation of the information and the other vulnerable aspects might affect the evaluation of the systems. The proper management of the organization is based on the resourcefulness of the organization and the information that is gathered. The management of the organizations is based on the decisions taken by the organization. The analysis helps in taking the correct decisions analyzing every aspects of the change that the organization is required to undertake. Therefore, Big Data helps in managing the organizations through the understanding of the trends and the requirements of the consumers, which is an important concern for the companies striving to improve market conditions Weaknesses One of the key weaknesses being faced by Nokia is the diverse requirement of analytic tools required for the analysis of big data. This caused in the trailing of Nokia in the competitors behind the major players in the market. This is one of the key weaknesses identified due to the reason that, the less effective will be analysis of the big data, the less effective will be the determination of the market requirements. Moreover, in the case of Nokia, their operations were situated in different locations around the world. However, on the other hand, big data caused trend that may not get matched with the trend in different regions. Thus, it is one of the weaknesses for them due to the reason that, the accurate determination of the market trend cannot be made. Areas of improvement in the organization The concerned company for this report has various areas of improvement in order to improve the market shares and the sales of the products manufactured by the organization. the changes that the organization, Nokia, must undertake in order to improve is being enumerated in this section of the analysis. Changes in the communication channels Undertaking proper communication strategies and channels will be helping Nokia in facilitating the integration between the internal and the external departments of the organization (McKenzie and Van Winkelen 2004). On the other hand, proper communication also helps in maintaining the relationship with the stakeholders of the company. proper channels of communication helps in improving the organizational structure and maintain the stability of the actions and the decisions taken by the organization. The more effective communication process between the internal stakeholders will help in effective determination of the issues of them. Thus, Nokia will have advantage of having no issues related to the employees. This is due to the reason that, with the help of the effective business communication, the issues of the employees can get mitigated by the upper level management. Changes in the technology The change in the technology is an important step that must be taken by Nokia in order to keep up with the advancements of the era (Garca-Morales, Jimnez-Barrionuevo and Gutirrez-Gutirrez 2012). It also helps in maintaining the client retention and loyalty, which is an important aspect in order to determine the market situation of the organization. Maintaining sound relation with the stakeholders Stakeholders are the silent benefactors of the company. They contribute their resources for the betterment of the organization. Therefore, maintaining a sound relation with the stakeholders helps in determining the improvements planned by the organization (Martins and Terblanche 2003). Proper communication strategies must be undertaken by the organizations in order to transmit valuable information of the proceedings of the company to these silent benefactors. Customers are one of the key and main stakeholders for Nokia. This is due to the fact that, effective identification of the requirement of the customers will help Nokia to offer the products accordingly and meet the market trend and requirement. Thus, initiation of the effective relationship management will help in effective determination of their needs and requirement. Employee empowerment Employees help in improving the situation of the company through their acceptance of the change undertaken by the company and proving their loyalty towards the company through their hard labor. Therefore, the company must take steps in order to keep their employees motivated. Through several grants and incentive policies Nokia is looking forward to retain the employees and empower them to enhance the efficiency of their functions (Ashkenas et al. 2015). Monitoring over the products and the services Monitoring over the products and the services prepared by the organization is an important steps in order to determine the quality of the products and the services developed by the organization. Quality checks can be useful in order to ensure the improvements planned by the organization in the market. Nokia is having effective and proper customer and employee feedback mechanism. With the help of these mechanisms, they gather the feedback from the employees regarding emergence of any issues in the production process. On the other hand, gathering the feedback from the customers helps them to gauge the quality of their products in the real world situation. However, it is recommended to Nokia that they should improve this process due to the reason that the real world situation varies in different places around the world and thus, determining feedback from certain bunch of customers will not help them to gauge the feedback of all the customers around the world. Potential benefits of the changes that are being undertaken. The potential; benefits from the changes that are being undertaken by the organization is being enumerated in this section of the report: Understanding the needs of the consumers The preferences of the consumers help in determining the market of the products. Therefore, understanding the needs and developing the products accordingly helps the organization in keeping up to the requirements and thereby retain the market. proper communication and the availability of the resources helps Nokia in undertaking the change. Proper management of the costs of productivity Costs of productivity are based on the factors and the actions undertaken by the organization. they are the costs that the organization incurs while implementing the change. Management of the costs will be helping the organization to make significant improvements in the market situations. Making technological advancements Nokia was once a company, which made considerable technological advancements, but in the later years the company failed to adopt the changed advancements. It resulted to the fall of their market shares (Bock et al. 2012). Therefore, the company is finding it hard to hold on to the market. The improvements in the technology will help the company in making a comeback to the market with all the modifications required by the target range of consumers. It will also help the company in retaining the competitive advantage in the market. The handout that is being planned by Nokia, keeping in mind the changes that are required to be undertaken, is an important step. The organization produces the handout for a meeting that is aimed at discussing the changes that the organization needs to undertake. This section of the report enumerates the handout to be discussed in the meeting that is being undertaken by the organization. The technological advancements that must be undertaken by the organization in order to cope up with the change in the demand and preference patterns. The companys focus on improving the software rather than the hardware of the products that are being manufactured. Bringing about changes in the management systems in order to improve the stakeholder relationships Enhancing the communication systems in order to make improvements in the structure Organizational structures must be enhanced in order to undertake the proper processes undertaken by the organization Plans for improvements of the organization PRINCE 2 analysis Changes that are required to be taken Systems Implementation Plan The technological changes Eradicating communicational barriers Effective management of the human resource Changing the technology based on the requirements Improving the communication systems through usage of social media Policies to encourage the human resource and keep the work force motivated Quality Improving the quality of the products and the after sale services Monitoring over the products and services that are being manufactured in order to ensure the quality Organization Structural changes referring to the improvements in the communication Improvements in the communicational channels in order to keep the stakeholders aware of the processes undertaken by the organization Business case The business case is based on the requirements of the people and thereby the peoples way of undertaking the change based on the market considerations. In order to adhere to the changes that are being desired by the consumers, the company plans the change in their organizational structure. Progress The progress of the organization based on the changes hat are required to be taken Undertaking a situation analysis of the organization in order to understand the progress of the organization. Change The changes are based on the change in the requirements of the consumers Undertaking analysis in order to understand the consumer behavior and determine the preferences Risks The effectiveness of the change that is being undertaken by the organization The change in the output and design might affect the availability. Proper assumptions Relating to the design of the commodities that are being preferred by the consumers Extension activities The extension activities undertaken by the organization is based on the requirements of the organization to excel in the market. The extension helps in determining the factors that are being involved in the processes for development of the organization. The organization must take steps in order to ensure the smooth functioning of the human resource through grants and incentives. It helps in keeping the work force motivated and focused on the work. The other concerns of the company are based on the concerns of the company to undertake effective exports services. The most important concern of the organization is based on the after sale services that the organization aims at rendering to the consumers. The improvements in the services help the organization in retaining the consumers of the organization and thereby enhance the brand loyalty. References Ahuja, G., Soda, G. and Zaheer, A., 2012. The genesis and dynamics of organizational networks.Organization science,23(2), pp.434-448. Alvesson, M. and Sveningsson, S., 2015.Changing organizational culture: Cultural change work in progress. Routledge. 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