Case Study on Marketing and Strategy Management in the Global Marketplace

How would you tradeoff the degree of country risk versus the business environment ratings, taking into consideration the market size as expressed by the PDI in 2015? When looking at the risk factors for doing business in India, I believe that it is safe to say that it would not be an endeavor that comes without dangers, especially given the larger income disparity found in the country. However, given the personal disposable income levels found on average in the Indian population, especially in the year 2015, the nearly 40% increase in the next five years in the market size of the Indian people makes it worth weathering the moderate risks involved. Compared to the PDI in 2015, entering into business in India in 2011 is not as good a proposition, due to the substantial drop in available income to take advantage of. However, all the same, even considering the risks, it is extremely easy to start a business there, and   the tax rates are still low enough as to make maintaining a business there affordable, even with only moderate profit margins. How would you prioritize the BRIC countries in terms of developing a global business strategy? I believe that India is on fairly equal footing with Russia, Brazil and China, though it has substantial advantages in having comparatively low public debt, high usage of technology, and   high population growth rate, despite not having as high a GDP as the other three BRIC countries. If I were to develop a global business strategy, I would attempt to get a strong foothold into India first, due to the incredible growth their PDI will experience in the next few years, while still keeping moderate tabs on the progress of China, Brazil, and Russia, in case the wind changes directions.

Improving a Teams Motivation, Satisfaction, and Performance

Improving a Teams Motivation, Satisfaction, and Performance. LDR/531 Improving a Teams Motivation, Satisfaction, and Performance Team collaboration is a challenge organizations encounter because of varies personalities, cultures, and beliefs. According to Web Finance, Inc. (2012), a team is defined as â€Å"a group of people with a full set of complementary skills required to complete a task, job, or project.† A team is structured in an organization, usually separated into different teams to fulfill the desired goal or mission. Some people may believe a team or group is the same; however, they both are entirely two different entities in its entirety. For example, a group of people may not have the same objectives in mind, but a team is†¦show more content†¦It is important for organizations to have ethic business training programs. One example would be quarterly Internet training via Internet, and a motivational speaker at a conference annually would help improve business decisions among management. Management would attend the motivational conference, whereas staff including management would at tend the Internet training. The training should be clear and well defined but also for the better of the organization and not for personal reasons. Collaborating with management Each month we have supervisor meeting addressing updates and concerns, which give us the opportunity to exchange ideas. There are 28 supervisors with very different personalities, but we all are a team trying to accomplish a desired goal for the organization. Some of the attitudes are strong while others are more passive. There are some supervisor’s that will speak up to the director, correcting her, while others are not as confident or perhaps do not want to get involved; this would be their personality. While each possesses different emotions and values, our values in the workforce must meet. The difference of each supervisor allows us to exchange ideas, and pinpoint what is not working in our clinics. At times, a supervisor might have personal reasons to suggest a change, but gathering together allows us to determine if this would work. Conclusion Teams are an important aspect of anShow MoreRelatedLeadership Scale For Sports Developed By Chelladurai And Saleh1274 Words   |  6 Pagesimpactful presence on the participation of sport. Various leadership styles and tendencies are displayed by coaches and administrators and we look to examine how these dimensions of leadership correlate with participant responsiveness, satisfaction, and motivation. 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Acid Rain (3062 words) Essay Example For Students

Acid Rain (3062 words) Essay Acid RainAcid RainIntroductionAcid rain has become an environmental concern of global importance within the last decade. With the increasing environmental awareness of the unhealthy condition of our planet earth the concern about acid rain has not lessened. In brief, acid rain is rain with pH values of less than 5.6. When dealing with acid rain one must study and understand the process of making Sulfuric acid. In this project we will take an in depth look into the production of sulfuric acid, some of its uses and the effects of it as a pollutant in our environment. Sulfuric Acid Industry in OntarioAmong the many plants in Ontario where sulfuric acid is produced, there are three major plant locations that should be noted on account of their greater size. These are: Inco. Sudbury Noranda Mines Ltd. Welland Sulfide OntarioThere are a number of factors which govern the location of each manufacturing plant. Some of these factors that have to be considered when deciding the location of a Sulfuric Acid plant are:a. Whether there is ready access to raw materials;b. Whether the location is close to major transportation routes;c. Whether there is a suitable work force in the area for plant construction and operation;d. Whether there is sufficient energy resources readily available;e. Whether or not the chemical plant can carry out its operation without any unacceptable damage to the environment. Listed above are the basic deciding factors that govern the location of a plant. The following will explain in greater detail why these factors should be considered. 1) Raw Materials The plant needs to be close to the raw materials that are involved in the production of sulfuric acid such as sulfur, lead, copper, zinc sulfides, etc.. 2) Transportation A manufacturer must consider proximity to transpor-tation routes and the location of both the source of raw materials and the market for the product. The raw materials have to be transported to the plant, and the final product must be transported to the customer or distributor. Economic pros and cons must also be thought about. For example, must sulfuric plants are located near the market because it costs more to transport sulfuric acid than the main raw materials, sulfur. Elaborate commission proof container are required for the transportation of sulfuric acid while sulfur can be much more easily transported by truck or railway car. 3) Human Resources For a sulfuric acid plant to operate, a large work force will obviously be required. The plant must employ chemists, technicians, administrators, computer operators, and people in sales and marketing. A large number of workers will also be required for the daily operation of the plant. A work force of this diversity is therefore likely to be found only near major centres of population. 4) Energy Demands Large amounts of energy will also be required for the production of many industrial chemicals. Thus, proximity to a plentiful supply of energy is often a determining factor in deciding the plants location. 5) Environmental Concerns Most importantly, however, concerns about the environment must be carefully taken into consideration. The chemical reaction of changing sulfur and other substances to sulfuric acid results in the formation of other substances like sulfur dioxide. This causes acid rain. Therefore, there is a big problem about sulfuric plants causing damage to our environment as the plant is a source of sulfur emission leading to that of acid rain. 6) Water Supplies Still another factor is the closeness of the location of the plants to water supplies as many manufacturing plants use water for cooling purposes. In addition to these factors, these questions must also be answered: Is land available near the proposed site at a reasonable cost? Is the climate of the area suitable? Are the general living conditions in the area suitable for the people involved who will be relocating in the area? Is there any suggestions offered by governments to locate in a particular region?The final decision on where the sulfuric acid plant really involves a careful examination and a compromise among all of the factors that have been discussed above. Producing Sulfuric AcidSulfuric acid is produced by two principal processes-the chamber process and the contact process. The contact process is the current process being used to produce sulfuric acid. In the contact process, a purified dry gas mixture containing 7-10% sulfur dioxide and 11-14% oxygen is passed through a preheater to a steel reactor containing a platinum or vanadium peroxide catalyst. The catalyst promotes the oxidation of sulfur dioxide to trioxide. This then reacts with water to produce sulfuric acid. In practice, sulfur trioxide reacts not with pure water but with recycled sulfuric acid.The reactions are:2SO2 + O2 * 2SO3SO3 + H2O * H2SO4The product of the contact plants is 98-100% acid. This can either be diluted to lower concentrations or made stronger with sulfur trioxide to yield oleums. For the process, the sources of sulfur dioxide may be produced from pure sulfur, from pyrite, recovered from smelter operations or by oxidation of hydrogen sulfide recovered from the purification of water gas, refinery gas, natural gas and other fuels. Battery Acid IndustryMany industries depend on sulfuric acid. Among these industries is the battery acid industry. The electric battery or cell produces power by means of a chemical reaction. A battery can be primary or secondary. All batteries, primary or secondary, work as a result of a chemical reaction. This reaction produces an electric current because the atoms of which chemical elements are made, are held together by electrical forces when they react to form compounds. A battery cell consists of three basic parts; a positively charged electrode, called the cathode, a negatively charged electrode, called the anode, and a chemical substance, called an electrolyte, in which the electrodes are immersed. In either a wet or dry cell, sufficient liquid must be present to allow the chemical reactions to take place. Electricity is generated in cells because when any of these chemical substances is dissolved in water , its molecules break up and become electrically charged ions. Sulfuric acid is a good example. Sulfuric acid, H2SO4, has molecules of which consist of two atoms of hydrogen, one of sulfur and four oxygen. When dissolved in water, the molecules split into three parts, the two atoms of hydrogen separate and in the process each loses an electron, becoming a positively charged ion (H+). The sulfur atom and the four atoms of oxygen remain together as a sulfate group (SO4), and acquire the two electrons lost by the hydrogen atoms, thus becoming negatively charged (SO4). These groups can combine with others of opposite charge to form other compounds. My Last Duchess, By Robert Browning, Is An Example Of A Dramatic Monol EssayAdditional Commentsa) The situation of pollution in the Great Lakes and process being used to start cleaning it up-comments: Everyday, roughly 3630 kilograms of toxic chemicals enter the lakes, nearby land and air. Pollution of the Great Lakes has become an increasingly serious problem. Just in Lake Ontario, hundreds of thousands of tons of contaminants have been deposited over the years. These include DDT, PCBs, mercury, dioxins and mirex, a pesticide. About 4.6 million people depend on Lake Ontario alone for drinking water. The environmental problem of greatest concern to Lake Ontario neighbours is water-discharged toxic chemicals and industrial air pollutants. Not only is this occurring in Lake Ontario but the other Great Lakes as well. The lakes probably have all these poisonous chemicals in them: salts drained from urban streets, coliform bacteria from the sewage civilization plus a selection of substa nces such as phosphorus, polychlorinated biphenyls and heavy metals. It is reported that the toxic chemicals in the Great Lakes basin are a health risk linked to brain damage, birth defects and cancer. All the predator species at the top of the food chain have shown health problems as a result of toxic chemicals building up in their bodies. Chemicals that exist in low levels in the air and water accumulate as they move up through the food chain. At present 35 million humans who live around the horridly polluted five Great Lakes face increasing health risks from environmental contaminants. Millions of people in the Great Lakes are exposed to hazardous chemicals. They drink them in the contaminated water, eat them concentrated in the flesh of the fish and breathe them in the air. Mulroney said that the risks are too high and that we cannot afford any more risks. He said pollution problems could be fought under a three-stage plan over the next decade:1) A toxic freeze banning new polluters from putting up pipes or smokestacks in the region2) An attack on non-point sources of pollution, such as run-off from streets and farms where groundwater is loaded with pesticides. 3) A crackdown on existing polluters when their smoke and sewer-discharge permits come up for renewal, requiring them to scale down their pollution. Consumers can also help by demanding pesticide-free food. International agreements have been made to clean up the Great Lakes. Canadas federal Conservative government has announced in 1989 to spend $125 million over five years on Great Lakes cleanup. By one estimate, it may cost as much as $100 billion to retrieve the purity of the Great Lakes once had. b) The treatment of water for drinking and water purifiers one can purchase-comments: As the peoples uncertainty to the quality of our drinking water increases, many more people are buying water treatment devices and purifiers. Even though most treated tap water is fit to drink, people are losing faith in the government to keep it that way. therefore purifier leave become increasingly popular among consumers. However each of the most popular cleansing methods has some disadvantages. Many filters use some form of activate carbon. However, few carbon filters alone do a very good job of reducing heavy metals such as lead even though the smallest sink-tap charcoal strainer will make cloudy water look and taste a bit better. Distillation units turn water to steam and recondense it to a cleaner state. This process has its disadvantages, too for they can also pass along harmful chemicals with low boiling points into the water. Another water treatment device is the reverse-osmosis device whi ch uses sophisticate membranes to separate pure water from impure. Even though this is effective, three gallons of water for every good one produced is generally wasted. Some machines zap germs with lethal doses of ultraviolet light. A specific example of a water filter is the NSA 3000HM high density filter. This filtration unit is designed to remove lead, iron, sulfur and manganese from your drinking water supply. Still another example is a water treatment system called the NSA Bateriostatic water treatment system. This system removes chlorine, bad taste and odours, reduces undissolved particles (sediment, discolouration, etc.) and inhibits bacteria growth. Each of these processes can reduce impurities in your water supply and many machines as suggested by the above examples combine several approaches. c) BRIEF OUTLINE OF THE KEY EVENTS IN THE U.S.-CANADARELATIONS WITH RESPECT TO CLEANING UP THE GREAT LAKES:1972: the U.S. chairman of the International Joint Commission, announced to study to determine the polluting effects on the Great Lakes urban development and agricultural land use, find remedies and estimate cleanup costs; Canada and the United States signed a Great Lakes Quality Agreement. 1974: Canadians say the cleanup financed by Washington is already running far behind the schedule envisaged when the agreement was signed. 1978: Canada and the United States agreed to the goal of zero discharge of pollution. 1987: the goal made in 1978 is made again, this means both countries agreed to work toward completely eliminating persistent toxic pollutants, not just the amount being discharged by industry; Mulroney also proposed that the U.S. slash industrial sulfide and nitrogen oxide emissions by half before 1994. The Canada-U.S. International Joint Commission meets every two years to discuss pollution and other issues concerning the Great Lakes, At present, they are making a ten-year headline for the Great Lakes to be cleaned up. Science

The Tragedy of Hamlet, Prince of Denmark Essay Example

The Tragedy of Hamlet, Prince of Denmark Paper The Tragedy of Hamlet, Prince of Denmark Introduction: In the play Hamlet by William Shakespeare people can see Hamlet the main protagonist who is the son of the king Hamlet and Queen Gertrude and the nephew of the new king Claudius. These are the most important characters in the play: Hamlet is a sad, cynical, discontented, 30 year old man who is totally sickening of his mother sexuality. Claudius is this uncle who is the antagonist in the story. He is the villain of the play, he is manipulative, striving politician he has no love for human kind. Although, his love for Gertrude is frank. Gertrude is the Queen of the Denmark she recently got married to Claudius. Gertrude loves her son Hamlet. However, she has no morals or reality. Polonius is the Lord of Chamberlain of Claudius’s court, a pretentious manipulative old man. He is father of Laertes and Ophelia. Ophelia is Polonius daughter. She follows her father and brother’s rules; she is a very innocent and young girl who falls the need to follow directions from her dad and her brother. The ghost is the specter of Hamlet’s father. I didn’t really understand if the Ghost is Hamlet’s father or something evil. We will write a custom essay sample on The Tragedy of Hamlet, Prince of Denmark specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The Tragedy of Hamlet, Prince of Denmark specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The Tragedy of Hamlet, Prince of Denmark specifically for you FOR ONLY $16.38 $13.9/page Hire Writer The ghost wants revenge for the murder Hamlet’s father who has been killed by Claudius. Other characters in the play are: Horatio, the Lord Chamberlain; Laertes, Ophelia’s brother; Fortinbras, Prince of Norway; Rosencrantz and Guildenstern friends of Hamlet; Osric the courtier, Voltimand and Cornelius these people were send by Claudius to persuade the king to prevent Fortinbras from attacking; Marcellus and Bernardo, the officers; Francisco, a soldier and guardsman at Elsinore; Reynaldo, Polonius’s servant. These characters are all less significant in the play and have at the play a small part. The play (summary) in my opinion: Hamlet is the king of Denmark. His life becomes a tragedy after the death of his father. Hamlet feels a responsibility to avenge his father’s murder by killing his uncle Claudius, however Claudius is now the king very well protected. Also, Hamlet struggles with his doubts. On a winter nigh a ghost walks the rampart of Elsinore Castle in Denmark. Discovered first by a pair of watchmen, then by the scholar Horatio, the ghost resembles the recently deceased King Hamlet, whose brother Claudius has hereditary the throne and married the king’s widow, Queen Gertrude. When Horatio and the watchmen bring Prince Hamlet, the son of Gertrude and the dead king, to see the ghost, it speaks to him, declaring worryingly that it is indeed his father’s spirit, and that he was murdered by none other than Claudius, ordering Hamlet to seek revenge. About whether he can trust the ghost and whether killing Claudius is the appropriate thing to do. Hamlet the prince works toward revenge for his father death. Laertes lives most of his life in Paris. Polonius tells Reynaldo to spy on his son. Polonius believes that Hamlet’s odd behavior is because Ophelia has rejected him. Kings Claudius is suspecting that something is wrong with Hamlet; Gertrude reveals that Hamlet is odd because she married him. King Claudius asks Rosencrantz and Guildenstern to find out what is happing to Hamlet. Hamlet plans to use the play to see if kings Claudius really killed his father King Hamlet as the ghost had told him. Hamlet starts really working towards his revenge. The first step is the play he makes sure that King Claudius and Queen Gertrude come to see the play which he has added additional too. Kings Claudius shows that his fear toward Hamlet is growing. He sends Hamlet to England with Rosencrantz and Guildenstern just to protect himself. He reveals in his own ways that he has poisoned King Hamlet. He is very afraid of Prince Hamlet. Hamlet is very frustrated with his mom’s behavior and his deceased father dead. They get to into an argument why she was with Polonius. Polonius body gets hidden behind a tapestry. Queen Gertrude attempts to scold her son but Hamlet is very mad because her actions and Polonius echoes however Hamlet stabbed him through the arras. Ophelia goes insane because the death of her father and goes mad and drowns her in the river. King Claudius explains to Laertes that Hamlet killed his father, Polonius. Claudius concoct a plan to use Laertes revenge of this father death to kill Prince Hamlet. Prince Hamlet after hearing about Ophelia death returns to Denmark. At Ophelia’s funeral the priest reveals that a widely held belief Ophelia committed suicide. Hamlet is devastated because the loss of his father and now Ophelia. Hamlet fights Laertes at Ophelia’s grave. Later, Hamlet fights against Laertes at the castle. Claudius tries to kill Hamlet with a poisoned drink the same way he killed King Hamlet. Instead Prince Hamlet, Gertrude takes a drink from it and is killed by the poison immediately. Laertes dies in the third round at the duel. They exchange swords while they are fighting and Laertes tells Hamlet that his sword is poisoned so Hamlet goes after Claudius and kills him. Laertes also tells Hamlet that King Claudius is responsible for his mom’s death. Hamlet is moved by his anger, he kills King Claudius with the same sword that was poised and makes the king drink his owns poised wine. While Hamlet was dying he tells Horatio to tell his tragedy story and Prince Hamlet recommends Fortibras to be the next king of Denmark.

Rhubarb is not just a Vegetable

Rhubarb is not just a Vegetable Rhubarb is not just a Vegetable Rhubarb is not just a Vegetable By Maeve Maddox Reader Nancy was puzzled by a headline in her local paper: Colton code stirs ethics rhubarb. †¦ I have never seen rhubarb used this way. Any thoughts? NOTE: Colton is a town in California. It has a new ethics code for City Council members, one of whom has refused to sign it. My mother was a baseball fan so I knew the term rhubarb in the sense of a an argument between a player and the umpire before I ever tasted the vegetable. The figurative use of rhubarb also occurs in contexts outside baseball. Here are three definitions from the OED. rhubarb: n. A murmurous background noise, an indistinct conversation, esp. the repetition of the word ‘rhubarb’ by actors to represent such a conversation or the noise of a crowd. Usu. reduplicated. rhubarb: n. slang. Nonsense; worthless stuff. rhubarb: n. U.S. slang (orig. Baseball). A heated dispute, a row. Here are some examples from the web: Wedge, umpire Davidson laugh off Fridays rhubarb Its Rhubarb Time at the Ballpark Camera and Science Settle the Old Rhubarb (headline for an article about the disputed trajectory of a curve ball.) [a baseball player] and his 22-year-old brother were allegedly involved in a rhubarb in the lounge area of U.S. Airways Center †¦ The Dickson Baseball Dictionary offers several possible etymologies for the term, some more fanciful than others. Sports announcer Garry Schumacher is credited with its first use in a baseball context, but Red Barber (1908-1992) is the one who popularized it, both on the radio and in the title of the book Rhubarb in the Catbird Seat. In the context of background noise to suggest the presence of a crowd, rhubarb has a rival: walla, According the the Wikipedia article on the word, In American radio, film, television, and video games, walla is a sound effect imitating the murmur of a crowd in the background. A group of actors brought together in the post-production stage of film production to create this murmur is known as a walla group. Miles Kington: I say rhubarb, you say walla walla walla Apart from its baseball and theatrical uses, rhubarb is widely used in the general sense of dispute, disagreement, or altercation. Central Park Safari for Tasty Weeds Stirs Up Rhubarb (Park officials object to human foragers harvesting the vegetation [the woman] rushed to retrieve it, and a rhubarb ensued. Police hauled away both individuals from the meeting†¦ Chicago Tribune columnist Eric Zorn runs a feature called the Rhubarb Patch in which controversial social topics are argued by opposing advocates. A much-repeated explanation that traces rhubarb meaning background noise to Shakespearean stage practice seems to be an urban legend. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:50 Synonyms for â€Å"Leader†Try to vs. Try andPredicate Complements

About the Vice President of the United States

About the Vice President of the United States Sometimes, the Vice President of the United States is remembered more for things they say wrong than for things they do right. If we do everything right, if we do it with absolute certainty, theres still a 30% chance were going to get it wrong, said Vice President Joe Biden. Or as Vice President Dan Quayle put it, If we dont succeed, we run the risk of failure. Thomas R. Marshall, 28th Vice President, said of his office, Once there were two brothers. One went away to sea; the other was elected vice president. And nothing was heard of either of them again. All verbal gaffes and disparaging remarks aside, the vice president remains our second highest federal government official and a single heartbeat away from ascending to the presidency. Electing the Vice President The office of Vice President of the United States is established along with the office of President of the United States in Article II, Section 1 of the U.S. Constitution, which also creates and designates the Electoral College system as the method by which both offices are to be elected. Before enactment of the 12th Amendment in 1804, there were no separately nominated candidates for vice president. Instead, as required by Article II, Section 1, the presidential candidate receiving the second-highest number of electoral votes was awarded the vice presidency. In essence, the vice presidency was treated as a consolation prize. It took only three elections for the weakness of that system of choosing the vice president to become obvious. In the 1796 election, Founding Fathers and bitter political rivals John Adams - a Federalist - and Thomas Jefferson - a Republican - ended up as president and vice president. To say the least, the two did not play well together. Fortunately, the government of then was quicker to fix its mistakes than the government of now, so by 1804, the 12th Amendment had revised the electoral process so that candidates ran specifically for either president or vice president. Today, when you vote for a presidential candidate, you are also voting for his or her vice presidential running mate. Unlike the president, there is no constitutional limitation on the number of times a person can be elected vice president. However, constitutional scholars and lawyers disagree whether a twice-elected former president can be elected vice president. Since no former presidents have ever tried running for vice president, the issue has never been tested in court. Qualifications to Serve The 12th Amendment also specifies that the qualifications required to serve as vice president are the same as those required to serve as president, which are briefly: be a natural born U.S. citizen; be at least 35 years old, and have lived in the U.S. for at least 14 years. My mother believed and my father believed that if I wanted to be President of the United States, I could be, I could be Vice President! said Vice President Joe Biden. Duties and Responsibilities of the Vice President Having been kept in the dark about the existence of the atomic bomb by President Roosevelt, Vice President Harry Truman, after taking over as president, remarked that the vice presidents job is to go to weddings and funerals. However, the vice president does have some significant responsibilities and duties. A Heartbeat from the Presidency Certainly, the responsibility most on the mind of vice presidents is that under the order of presidential succession, they are required to take over the duties of the President of the United States at any time the president becomes, for any reason, unable to serve, including death, resignation, impeachment, or physical incapacitation. As Vice President Dan Quayle said, One word sums up probably the responsibility of any vice president, and that one word is to be prepared. President of the Senate Under Article I, Section 3 of the Constitution, the vice president serves as president of the Senate and is allowed to vote on legislation when necessary to break a tie. While the Senates supermajority vote rules have reduced the impact of this power, the vice president can still influence legislation. As president of the Senate, the vice president is assigned by the 12th Amendment to preside over the joint session of Congress in which the votes of the Electoral College are counted and reported. In this capacity, three vice presidents John Breckinridge, Richard Nixon, and Al Gore have had the distasteful duty of announcing that they had lost the presidential election. On the brighter side, four vice presidents John Adams, Thomas Jefferson, Martin Van Buren, and George H. W. Bush - were able to announce that they had been elected president. Despite the vice presidents constitutionally assigned status in the Senate, the office is generally considered to be a part of the Executive Branch, rather than the Legislative Branch of the government. Informal and Political Duties While certainly not required by the Constitution, which wisely includes no mention of politics, the vice president is traditionally expected to support and advance the policies and legislative agenda of the president. For example, the vice president might be called on by the president to draft legislation favored by the administration and talk it up in an effort to gain the support of members of Congress. The vice president might then be asked to help shepherd the bill through the legislative process. The vice president typically attends all Presidential Cabinet meetings and may be called on to act as an adviser the president on a wide variety of issues. The vice president might stand in for the president at meetings with foreign leaders or state funerals abroad. In addition, the vice president sometimes represents the president in showing the administrations concern at sites of natural disasters. Stepping Stone to the Presidency Serving as vice president is sometimes considered a political stepping stone to being elected president. History, however, shows that of the 14 vice presidents who became president, 8 did so because of the death of the sitting president. The likelihood that a vice president will run for and be elected to the presidency depends largely on his or her own political aspirations and energy, and the success and popularity of the president with which he or she served. A vice president who served under a successful and popular president is likely to be seen by the public as a party-loyal sidekick, worthy of advancement. On the other hand, a vice president who served under a failed and unpopular president may be considered as more of a willing accomplice, worthy only of being put out to pasture.

Risks and Rewards of Internationalization Essay

Risks and Rewards of Internationalization - Essay Example They have to compete with local as well as foreign firms. Many firms are founding new investment opportunities and new avenues of profit by going international. Internationalization also brings along with it its fair share of challenges. Firms have to adapt quickly in order to survive in the new world order. Internationalization has now become an important part of a firm’s strategy. It has become important to realize which strategies can be transferred abroad and what strategies are to be imported .Different markets pose different challenges, some of them may be solved by using global means whereas others need to be tackled through local strategies. In view of this; glocalisation is the new term which has been developed by researchers. Ohame (1994) has claimed that glocalisation means thinking global and acting local. (Hagiu, 2009) Although Internationalization has presented firms with numerous growth opportunities it also has presented various challenges such as an uncertain cultural, political and legal climate. The emerging markets such as India and China have unstable political and legal frameworks. It is difficult for firms to adjust to them and May sometime lead to collapse of the internal organization. Consequently firms have to find the best possible alternative when going for internationalization. They have to decide whether they want to go alone or venture into a partnership. This paper will analyse all such issues and the possible risks and rewards associated with internationalization. Internationalization: Definition Internationalization in simple terms can be defined as the process through which firms identify the international markets which are lucrative for them and try to enter it. Internationalization as a strategy can be adopted by firms by either acting alone or by acting in collaboration with other firms. (Cavusgil, 2009) Firms which act alone usually set up subsidiaries in the market which they want to enter or they may even buy up f irms which are already present in that market. An example of this technique can be seen when Vodafone entered the Indian market it bought a majority stake in the company Hutch which already had a presence in the Indian market. Most firms are wary to go alone in a new market and that too market of an emerging economy. So they prefer to partner with other firms and make a strategic alliance with one or more than one partners. These partners may be local business firms or multinational corporations who have been present in that market for a long time. E.g. – Honda ventured in the Indian market by tying up with Hero – the local Indian partner. (Ferná, et al., 2005) Ways to Penetrate New Markets Different methods can be used by firms looking for internationalization of their business. Some of them will be discussed here - Export Method This is the simplest method of entering an international market. This was the method utilized by firms in the times before globalization . Export method is also very relevant today if the international market is not promising enough and the sales number do not explain setting up shop in the country. The advantage of this method is that the firm does not have to build up infrastructure nor does it have to partner with clients. (Jones, 2009)The firm simple pays the custom duty and its products enter the market. However if the firm is looking to capture the market of the country; export method is not a viable option unless you have an advantage which cannot be removed. Cases in point here