Assignment5 economics Essay Example | Topics and Well Written Essays - 1500 words

Assignment5 economics - Essay Example The third step is to cut back the business hours. The business ethics component of this move is that if one is in the business of pharmaceuticals and health care, one risks the chance of causing damage to patients who will need your services by cutting back on the business hours. The fourth step is to close one's business for a week or two to actually take a vacation. The business ethics aspect of this decision is that if one has a pharmaceutical or health care business, one risks the possibility of causing inconvenience to one's clients. The fifth step is to bring in a family member to split the current "job load. The ethical consideration of this move is that one has to ensure that his/her relatives or siblings must do business observing fairness, honesty, transparency and accountability to government laws. Zambia is landlocked and has a low population composed of 70 ethnic groups, many of them Bantu-speaking. The country boasts of spectacular scenery spanning the Victoria Falls along the Zambezi river, the Bangweulu Swamps and the Luangwa river valley. Millions of Zambians live below the World Bank poverty threshold of $1 a day. Zambia currently receives and provides shelter for tens of thousands of refugees who have fled fighting in the Democratic Republic of Congo. (World Factbook 2008). The World Bank Poverty Assessment Report (2007) has identified these areas of economic concern afflicting Zambia consisting of the high level of international debt, deterioration in the international price of copper, macro instability, the collapse of major manufacturing industries, the scourge of HIVIAIDS, and acute governance and policy failures.Zambia has been one of most heavily indebted developing countries. However, the government has done serious efforts to pare down its international debt st ock. Zambia obtained a total of 6.6 billion dollars of debt relief in 2005. (Scotland Aid Agency, 2008). If the Debt to Gross Domestic Product (GDP) ratio is 133%, this means that Zambia is paying millions on debt interest only. This is money that could be used to fund social programs or provide employment programs. Therefore, the unemployment rate is also adversely affected because the government doesn't have sufficient funds to begin or maintain such social programs. The unemployment and underemployment levels are very high. This means that many head of the families are out of work. Many families are hungry and in deep need of aid in social services such as health and education.The country has to contend with an expensive disease which has no long term cure. The high rate of HIV/AIDs incidence also means that the country will need international assistance from the World Health Organization to combat this scourge. In 20013, HIVIAIDS prevalence was estimated at 18 percent for women and 13 percent for men, and Zambia was entering its third decade of double-digit HIVIAIDS prevalence. The country does not have the financial resources to finance health services and medicines to combat HIV/AIDS. The low growth of the GDP is the result of weak government policies, poor business environment, lower foreign and local investments resulting in fewer businesses and fewer jobs available in the market. The literacy rate of Zambia is relatively low (65%)

Coca Cola Entering Chinas Market Marketing Essay

Coca Cola Entering Chinas Market Marketing Essay One way to analyze Chinas culture is to look at their Hofstede score. Hofstede is the name of a system that rates countries on a scale across five different work related values: power distance, individualism vs. collectivism, masculinity vs. femininity, uncertainty avoidance, and long vs. short term orientation. Knowing these scored before operating in a country is very important. The power distance index describes the distance between those who are less powerful in the company, like middle and lower-management, and those who are very powerful, like the bosses and officers. The higher scores mean that it is very disrespectful to go to your boss and offer up your opinion about something, and you are suppose to just take what your boss gives you. A low power distance index means that everyone is close to a similar level, and you are allowed to and actually encouraged to offer up your opinion to your bosses. China has a high power distance index, with a rating of 80, being that the worl d average is 55. The individualistic vs. collectivistic index rates how integrated members of a company are. Individualistic countries value getting the job done yourself, and celebrates individual accomplishments. Collectivistic countries value team effort, and do not seek for individual results, and sometimes it can be very embarrassing to be singled out. In china, they have an individualistic vs. collectivistic index rating of 20, compared to the world average of 43. Masculinity, opposed to femininity, defines roles that each gender takes in an organization. Masculine countries show high levels of competitiveness and assertiveness, while feminine counties show low levels of those just described and high levels of modesty and care. A high score in the masculinity index means that the country is masculine, while lose scores mean the country is feminine. China has a masculinity rating of 50, while the world average is 50, which means China is indifferent between being masculine or feminine. Uncertainty avoidance index defines how much risk the population in general takes. Countries with a high index will take lots of risks, while a country with a low index will take little to no risks. High index countries are very comfortable with venturing to the unknown, while low score countries prefer to stay put where they are. China has a score of 60 in uncertainty avoidance, while the world average is 64. The last index is the long-term orientation. This defines how far into the future the country looks at decisions it has to make now. Countries with a high long-term orientation look to maintain steady flow in the long-run, while short-term countries looks for results now without thinking about the future. China has a score of 118, while the world average is 45. The official language of China is Chinese, though many business people speak English as well. The government is Communist run, and most people are atheist, with many different types of atheist-religions being practiced. As of May 2010, the population of China was estimated to be around 1.3 billion, which is about 20% of the worlds population. A couple notes about the behavior that are important to know when dealing with a Chinese business person is to never have personal contact, never point while speaking, point with a open palm, not with the index finger, do not put your hand in your mouth, always be on time, and do not discuss business at meals. Decision making is slow in China, and rushing them is considered very disrespectful. The culture of China is drastically different from the culture of the U.S., the home country of Coca-Cola. The Hofstede ratings for the U.S. are 91 for individualism, 62 for masculinity, 29 for long-term orientation, 40 for power-distance, and 46 for uncertainty avoidance. This means that China is more long-term oriented, has a higher power distance, and avoids uncertainty more, while the United States is more individualistic and masculine. Now that we understand Chinese culture, we can analyze Coca-Cola and their international business structure there. Marketing Plan/Strategy: Target Market: Coke can be enjoyed by anyone. Coca-Cola does not explicitly target a specific market overall, but they do have advertising campaigns that do talk to a specific group. Coca-Cola has to know the differences between the types of markets in China in order to send the right message to its intended group. One segment Coca-Cola looks at is urban and rural communities. Even though there are more potential customers in rural areas, there are more potential customers in urban areas. The economic diversity of the two groups makes it possible to separate them. The disposable income per capita in urban areas is three times more than in rural areas. There is also a difference in the province you live in. The different geographical regions of China have a difference in sales for Coke. Of the four largest cities in China, there are only 4 percent of Chinas population there, but accounted for 15 percent of sales, while all the other smaller cities and provinces had 80 percent of the population and h ad 50 percent of the sales. Age is also a segment that Coca-Cola builds on. Coca-Cola was introduced in the 1970s, and people who were born after its introduction grew up drinking Coke in their meals. Coca-Cola realized this and made all those born from their introduction on, which means everyone about 40 years are younger are a target market for Coca-Cola to advertise Coke to. 4 Ps (Product, Price, Promotion, Place) The product is called Coca-Cola, but Coke is used for short instead of saying the whole thing. It is a carbonated beverage. It was originally a patent medicine sold in a pharmacy, but along the lines it made its way to sell in a variety of places to become the number one sold drink in the world. The ingredients of Coke are carbonated water, sugar, caffeine, phosphoric acid v. caramel, and natural flavorings. The pricing of Coke is relative to other competitors in the market. The biggest competitor for Coca-Cola is Pepsi, and Coca-Cola takes account of what Pepsi prices their soft drink. Coca-Cola has an advantage though because they have a product that everyone sees as being a consistent and dependable one, so Coke is allowed to be priced 15 to 20 cents more without losing any sales to Pepsi. Promotion of Coke is very specific to the area being targeted. Coke implements pattern advertising, which keeps the video the same for countries targeted, but changes the audio, color scheme, and character selection to be similar to the area being broadcasted. Coke also does not make advertisements claiming to be better than Pepsi. In supermarkets, Cokes place is right next to all the other drinks, with no one product getting more exposure than others. Coca-Cola has at least one sales centre in cities with more than one million people. The sales centre also warehouse Cokes, and plenty of delivery trucks are there to disperse the products. Business Environment Coca-Cola expands in countries through a variety of licensing agreements and joint ventures. Coca-Cola licenses the selling of Coke out to bottlers. Coca-Cola makes the soda syrup and sends it to bottlers who mix it with carbonated water and bottle it, sending it to retailers. Bottlers are allowed to sweeten it differently depending on local tastes. Coca-Cola goes into joint ventures with other companies to come out with different types of products. Coca-Cola has joint ventures with companies like Proctor Gamble, Danone, and Nestle. Human Resources: Coca-Cola Company is not one in the same as the Coca-Cola bottlers, which are the majority of the whole business model. Coca-Cola does not have many offices world-wide for manufacturing, but do have executive offices. Coca-Cola sends expatriates out to deal with international sales. Glenn G. Jordan S. is the president of the Pacific Group for Coca-Cola, while Douglas Jackson is the President of the China Business Unit. Coca-Cola does not hire internationally for their executives and officers. For the Pacific Group, there are 2,900 executives working with 30,000 bottler employees. Coca-Cola states that people development is the stable for long-term success. One way they develop people is by sending them to Coca-Cola University, which is a virtual global university that teaches its employees everything they need to know. Coca-Cola pays its Chinese employees based on a couple of factors. First they make sure that what they are paying their employees is competitive with other consumer goods companies. Coca-Cola also offers benefits such as housing and transportation allowances, supplementary life and accidental insurance, free annual physical check-ups, free lunches and beverages, and festival allowances. They offer medical programs for the whole family. Twice a year, rewards are handed to employees who contribute significantly to the Company and the communities in which they operate. There are two ways in which Coca-Cola recruits new employees. First, they cooperate with local universities and business schools to directly go and recruit graduating students. Second, they post openings on their website to screen through hundreds of thousands of applications, which is later followed by a interview process if the resume was chosen. Finance: Since Coca-Cola licenses out the bottling and selling of Coke, they do not have to invest intensively in foreign investments. Coca-Cola has such a strong brand name that it allows them to have the freedom to invest anywhere with just about absolute assurance Coke will sell and make a profit. Coca-Cola has the leeway to introduce new products, seeing as they make such an income from Coke that it covers any potential losses. Coca-Cola has made a net income of about $6 billion for the past 3 years, so money is not an issue when investing in new products. Conclusion: Overall, Coca-Cola has been and for a long time will be a very successful company in China and the rest of the world. One of the biggest reasons for this is Coca-Colas consistency. They have a brand name with Coke that is recognized globally, and that will not go away from a long time unless they somehow hurt themselves publicly. Coca-Cola has realized that China is still a fast growing country, and has recently announced that they will open three new bottling plants in China. The new investments are set to cost $2 billion, which tops the total amount invested in now which is $1.6 billion. Coca-Cola tried to buyout Hong Kong-listed China Huiyuan Juice Group LTD, but was blocked by the Chinese government, which claimed that Coca-Cola was trying to set up a monopoly. Regardless what Coca-Colas intentions may be, they are still a very smart company and have certainly staked their claim as being the best in the nonalcoholic beverage industry. As long as Coca-Cola stays consist with their flagship product Coke, the sky is the limit for the Company.

Captial Punishment Essay -- essays research papers

I agree with the law that people who commit crimes need to be punished for their wrong doings. However, I do not agree with the way that the law thinks that problem should be handled through the death penalty. The bad part about the death penalty is that innocent people are executed, there is racism in the death penalty, the mentally retarded are executed, and the death penalty is costly. As long as the death penalty is maintained, the risk of executing the innocent can never be eliminated. People who are found guilty and sentenced to death row can truly be innocent. It is said by Amnesty International a campaigning movement that works to promote all the human rights that, "since 1973 at least 53 men were released from death row in seventeen US stated due to significant evidence of their innocence and that some prisoners escaped execution by minutes but 23 were actually executed". Everyone is not perfect. People can fall victim to false testimonies, mistaken identification, community prejudice, and pressure. These are just a few ways in which a person can be found guilty of a crime. These are crucial mistakes that can happen and a person can quickly be sentenced to the death penalty without second thought. Innocent people should not have to experience situations so terrifying which could lead a person to flip out and go insane. There is no reason for an inno cent person to be killed for being at the wrong place at the wrong time or for some other ridiculous mis...

Becoming an Early Childhood Educator Essay

U. S. President Barack Obama emphasized on the importance of education in a country for not only one time. He believe that education provide the opportunities to every single citizen to work on their strengths and ability to fulfill their responsibilities to the country by contribution on specific career in order to build up a strong country. I strongly agree with his point of view as education is not an individual responsibility but to all. Education is the basis of a country in order to strengthen the economic status and development. Thus, it’s our responsible toward the society and nation to educate our next generation by provide a positive social and physical environment to instill wholesome character building in young children. Society now day faces variety of problem especially family issue that commonly happens include child abuse, divorce cases, youngster tend to run away from home, abandoned baby and etc. One of the factors that caused these issues is lack of realization on importance of education. There is a quote stated: If we would amend the world, we should mend our selves; and teach our children to be, not what we are, but what they should be. (Quote by: WILLIAM PENN, Some Fruits of Solitude) Most of the parent didn’t realize their responsibility to their child as a role model in the growth of their children during childhood period. They might lack of exposure on the importance of early childhood education, or they unconsciously neglected their children’s need due to financial pressure in order to provide and maintaining the living standard of family. Thus, it’s our responsible as an educator to assist the parent on educating our next generation. It is my pleasure to meet a truly dedicated teacher in my life, although she was only teaching me as my class teacher for 1 year but her contribution and the bonding between me and she has brought the greater impact to my life. Compare to the teachers of old time with today, sadly to say, there are not much improvement among the quality of educator. Most of the educator are work for survive, they are lack of the passion and realization on their role and responsibilities, perhaps they do not know how to apply their knowledge on teaching method skillfully. In fact, it is the greater satisfaction as an educator to witness the growth of a child from innocence young age to a mature child. This is a most important period to instill a positive personality in a child as the behavior he practicing now will bring toward to adulthood and became his characteristic. The greater success of an educator is not the quantity of reward, but the recognition of the effort by the parent, student and society. The most precious and valuable achievement is to witness the success of wholesome character building on a child when they turned to an adult and continue influence the people around them with positive attitude. It is hard to achieve the objective of education with single contribution. Therefore it is important to bring together all the educators who having same ideology to work together as a role model to influence people around include the parent, children and colleagues to understand the importance of education. The main responsible of an early childhood educator is to instill the positive character to a child to develop wholesome character include sense of belonging, sense of responsibility, positive moral value, lifelong interest on learning, curiosity to the world and mentally and physically healthy and wealthy. Teacher as the second person after the parent as the role model to a child should practicing good behavior and attitude. Besides, a good teacher knows how to apply the knowledge skillfully to help children adapt to the knowledge on their level of understanding without killing their curiosity to the world. On the other hand, educator also played an important role to the parent because society in Malaysia now day is improving along with the realization on the importance of education. However, although the parent understands the importance of education, they are still lack of information in term of knowledge and skill to apply on their children. They are keen to seek for professional advancer and services as the agent of education to their children. In fact, this is a big step for the society; educator should always work closely and collaboratively with parent to encourage them involve in their child’s learning process to create love and caring environment for the children. The philosophy of a preschool setting that believed and practiced by the entire organization included administrator and teachers determine the process of achieving the goal of an organization. Same goes to personal philosophy held by a teacher, it is important to work collaboratively on behalf of children’s interest regardless personal identity and background. Teachers should be always ready to lend their hand to each other and strive for improvement together by sharing information and joining workshop, seminar or training together. Whenever there is dilemma, teacher should ask for the comment and suggestion without hesitate from senior colleague who willing to share their experiences and solve the problem together. Beside, teacher also played a role on providing a safe, healthy, loving and caring environment to young learner to develop sense of belonging and bonding among the children by always staying alert on potential danger and awareness on child’s behavior, health, physical and mental needs. Teacher should be always practicing 3R which is responsive, respect and reciprocal. Consistently interaction with the children is needed to understand child’s unique character and develop trust and respect relationship among children. However, teacher should allow necessary independent learning and respect child’s right in order to foster the development of children to prepare the children to be ready for the future challenges in their life. Knowledge on young children development is very important for educator. Therefore educator should be always seeking for improvement to provide highest quality service to the children. A knowledgeable teacher is always stay well informed on the latest update on government decision on education such as changing school syllabus and assessment for the student. Beside, by participate in variety of workshop, seminar and training; teacher will learn different teaching method to adapt children’s development milestone. Same goes to courses that offer in colleges and local university; it will improve the qualification and knowledge of teacher. By joining professional association, teacher will be always staying informed on the latest teaching approach and able to seek for professional comment from others. On the other hand, teaching should be stay adventurous when applying new skill to the children, learn from trial and error by observation and self reflection consistently. Teacher should be sensitive on child’s development to evaluate and improving the teaching method creatively in practical way. By understanding different learning pattern of the children, teacher should apply knowledge and skills in plenty ways for children to adapt to the knowledge. In conclusion, a professional early childhood educator should be having mental and physical readily with positive and optimistic attitude, be ready to takes up responsible and handle every dilemma and always strive for improvement. It is very important for an educator understand his/her role on the position held and to be flexible to adapt every changes and different situation. Lastly, enjoyment for the satisfaction of teaching will lead the educator to longer journey as time goes by because â€Å"You never know how much it’s worth until it’s gone†.

The Impact of Daycare on Infants

55% of American mothers now return to work by the time their children are one years old — out of either financial, professional, or personal necessity. In today’s society, there are concerns as to whether attending daycare during infancy produces negative or positive effects on the development of children. Many of these concerns are influenced by the fear that separating an infant from its mother may cause emotional harm to the child or disrupt the mother-infant bond. No study finds that children of employed mothers suffer solely because their mothers are working. Research has shown that mothers who work spend as much time playing with their babies as do mothers without outside jobs (Huston & Aronson, 2005). It has also been questioned as to whether home-based maternal care or nonrelatives day-care provide the child with more opportunity to develop cognitively and socially (Belsky and Steinberg 1978, Field 1991, Lamb 1996, Peisner-Feinberg et al. 2001). There has been research that has found positive effects of day-care on children’s social and cognitive development and suggests that perhaps child-care centers encourage more social interaction than the environment of a home-reared child. There may be more stimulation in day-care and more communication and sharing to be learned, therefore enhancing these abilities of the children who attend them (Peisner-Feinberg et al. 2001). Evidence shows that a good preschool education is beneficial to young children. Children who attend preschool have a head start when they begin elementary school having learned basic concepts in a preschool center. Some of the negative effects a child may experience while attending a child care center include high child to adult ratios, insufficient materials and equipment, staff with inadequate training and experience, and caregiver burnout. There are truly some wonderful and caregivers and daycares out there. Choosing the best one is a very important decision that a parent has to make. How Do You Choose A Good Day Care Center Choosing a day care center is one of the more important decisions parents can make on behalf of their child. While it may be tempting to be swayed by a center based on rates, location or even decor, there are several other factors to consider. When visiting a center there are several questions one can ask the director of the facility to determine if it’s the right one for your child or if you should keep looking (Maughan, 2008). 1. What are the operating hours of the facility 2. How are the children grouped in classes 3. What is the teacher to child ratio for each class 4. What is the centers check in and check out procedures 5. What is the centers policy on disciplinary action for children In addition to these questions a parent should tour the facility and go over the safety procedures for the facility. Word of mouth is also a good resource. Talk to family and friends and find out if and where their infant went to daycare. What would you tell a parent of an infant who is concerned about harming their baby by placing them in Day Care, but must work because of economic necessity? I would tell a parent who must place there infant in daycare to not worry. It won’t cause any harm to their child. As long as they put them in a good quality childcare facility the infant will be ok. The important thing for the parent is to do there homework ahead of time when looking for a facility. The parent can call the facility to see how there child is doing throughout the day. Some facilities even have cameras so the parent can actually see what there child is doing. This may ease the parents mind throughout the day so they won’t be so worried about what is going on with their child. According to the NICHD daycare seems detrimental only when the mother is insensitive and the infant spends more than 20 hours a week in a poor quality program (NICHD, 2005).