Doing Business in Emerging Global Markets - Free Essay Example

Sample details Pages: 4 Words: 1282 Downloads: 10 Date added: 2017/06/26 Category Business Essay Type Narrative essay Level High school Did you like this example? Doing Business in Emerging Global Markets Title: Upon leaving University, you join a business consultancy and are asked to investigate the risks of one of your clients expanding their business and investing in an Emerging/Growing market outside of Europe or North America. Introduction: This report will be looking to analysis the risk of one of my clients business and investment in an automotive manufacturing company in the emerging market of Turkey. This essay will be looking at the risk and benefits of taking such action. After this analysis the report will have a discussion point, putting forward reasons why my client has reason to worry about starting a business in Turkey and reasons for approving such action. The finale part of the report will be a conclusion outlining my recommendations for the client. Method: The way in which this report will generate information will be through secondary data already publically available online, such as the UK trad e and Investment website and various similar websites. In the risk analysis, the report will be using SWOT analysis, which stands for strength, weaknesses, opportunities and threats for the automotive manufacturing company. To analysis the risk of Turkey, the report will be using PESTLE analysis, which stands for political, economic, social, technological, legal and environment. SWOT analysis of the automotive industry Strengths: Emerging countries such as China, Brazil and India offer incredible sales potential as vehicle ownership rates in these countries are still be well behind those in developed countries, E.G. US, UK and Germany (KPMG 2013). It is predicted that by 2020 China will be responsible for nearly one third of new vehicle sales worldwide. There is evidence that shows Chinas demand for automotive vehicle will grow by 7.4% by 2020, while India demand will increase by 11% in the same period (KPMG 2013). Weaknesses Opportunities Threats PESTLE analysis: Political: After the protest of 2013 there are growing worries within the AK party about Recep Tayyip Erdogans (Turkish prime minister) authoritarian on turkish people (The Economist 2013). Also on March 13th 2014 there was violent unrest in at least 32 towns and cities across the country showing a lack of political control of the population (BBC News 2014). There is currently outrage in turkey since a recording emerged which allegedly features the prime minister and his son discussing how to hide large sums of cash (BBC News 2014). A Possible political strength of Turkey is that it is a supporter of the liberal trade and investment policy, which allow open trade between different countries in the EU, allowing Turkish firms the chance to get bigger and more successful in the global economy (UK Essay N/A). Economic: Turkish growth slowed down to just 3% in 2013, meanwhile in America the Federal Reserve plans to reduce quantitative easing, thus putting pressure on countries w hich need capital flow(The Economist 2013). Turkey is exposed to this as it has a low saving rate, a large current account deficit of 6 to 8 percent of GDP and a high dependency on Foreign Direct Investment (The Economist 2013). However even after the financial crisis Turkeyrecorded the 9th highest growth rate globally in FDI inflows (export.gov 2013). In Turkeys favour with a large domestic market of 74 million people, Turkey is a massive springboard to the markets of Central Asia the Middle East, while also being the 18th biggest economy in the world and the 7th biggest in Europe (UK Trade and Investment 2013). Turkey has been investing heavily in improving its infrastructure in recent years, with a t new airport currently being built l costing a reported à ¢Ã¢â‚¬Å¡Ã‚ ¬22bn, but there is also a $3bn bridge being constructed across the Bosphorus strait, while the Galata region is getting a brand new port complex worth around $700m (World Finance 2013). Social: Turkey has a labour force of about 25 million, of which many are young and well educated, with a median average age of Turkey being about 28, but also Labour productivity growth averaged 4.4% annually between 2002 and 2009 (RBS 2010). Turkey sends the largest number of students among all European countries, around 12,000 each year, to U.S. colleges and universities (export.gov 2013). Turkeyà ¢Ã¢â€š ¬Ã¢â€ž ¢s population is expected to become the largest in Europe, overtaking Germany (RBS 2010). Turkey currently has a high level of unemployment at 9.2% which means that it is very rationale for a business to set up there, as a firm will have a large amount of people to employ, and if they are unskilled workers, they can be trained (World Bank 2014). Turkey also has a growing life expectancy as over the last 20 years it has risen from 66 years to 75years (The World Bank 2014). Technological: Turkey is ranked in the top 20 countries for research and development spending and second only to Chin a in terms of RD expenditure growth, Turkey achieved an average annual growth rate of 15.7 percent for RD expenditures between the years 2006 and 2011 (TUBITAK 2010). Turkey provides investment incentives for firms with tax exemptions and cuts as well as financial support to improve the technological competitiveness for important industries (TUBITAK 2010). Turkey spent $11.1 billion on RD in 2012 figures, equal to 0.92 percent of the countryà ¢Ã¢â€š ¬Ã¢â€ž ¢s GDP for the same year, by 2023 RD expenditure in Turkey is expected to account for 3 percent of the countryà ¢Ã¢â€š ¬Ã¢â€ž ¢s GDP (Turkish Statistical institute 2014). Legal: Turkey is a civil law jurisdiction based on the Swiss, French and Italian model. The Turkish government are strict when it comes to law and order, they will enforce the law if need be, it allows companies to have a fair trial if any form of disruption were to come up such as trade union issues. However, there are judges who are politically biased a nd this can have an effect on any legal challenge and outcome (The Law Society 2014). Environmental References BBC News (2014) Turkeys Mass Protest: Two dead after teenagers funeral [online] available from https://www.bbc.co.uk/news/world-europe-26555745 [17 March 2014] BBC News (2014) Turkeys PM Erdogan faces corruption claim [online] available from https://www.bbc.co.uk/news/world-europe-26348852 [17 march 2014] export.gov (2013) Doing Business in Turkey [online] available from https://export.gov/turkey/doingbusinessinturkey/index.asp [17 March 2014] KPMG (2013)Global Automotive Retail Market: From selling cars on the spot to centrally managing the retail grid [online] available from https://www.kpmg.com/Global/en/IssuesAndInsights/ArticlesPublications/Documents/global-automotive-retail-market-study-part1.pdf [14 March 2014] JISC InfoNet (2014) PESTLE and SWOT analysis [online] available from https://www.jiscinfonet.ac.uk/tools/pestle-swot/ [14 March 2014] RBS (2010) Doing Business in Turkey [online] available from https://www.rbsbank.com.tr/docs/gbm/countrysites/Turkey/tr/Doing business in Turkey.pdf [17 March 2014] The Economist (2013) Erdogans Dilemma. The World in 2014 30 October, 53 The Law Society (2014) Turkey [online] available from https://international.lawsociety.org.uk/ip/europe/582/profile [17 March 2014] The World Bank (2014) Life Expectancy at birth, total (years) [online] available from https://data.worldbank.org/indicator/SP.DYN.LE00.IN?page=4 [17 March 2014] The World Bank (2014) Unemployment total [online] available from https://data.worldbank.org/indicator/SL.UEM.TOTL.ZS [17 March 2014] TUBITAK (2010) Science, Technology and Innovation in Turkey [online] available from https://www.tubitak.gov.tr/tubitak_content_files/BTYPD/arsiv/STI_in_Turkey_2010.pdf [17 March 2014] Turkish Statistical institute (2014) Statistics on Research and Development activities [online] available from https://www.tur kstat.gov.tr/UstMenu.do?metod=temelist [17 March 2014] UK Essay (N/A) PESTLE Analysis for Turkey [online] available from https://www.ukessays.com/essays/international-relations/pestle-analysis-for-turkey.php [17 March 2014] UK Trade Investment (2013) Doing Business in Turkey [online] available from https://www.ukti.gov.uk/export/countries/europe/southerneurope/turkey/doingbusiness.html [17 March 2014] World Finance (2013) Turkey aiming for huge new infrastructure developments [online] available from https://www.worldfinance.com/infrastructure-investment/government-policy/turkey-aiming-for-huge-new-infrastructure-developments [17 March 2014] 1 Don’t waste time! 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Analysis Of Arth 202 Survey Of The History Of Western...

ARTH 202: Survey of the History of Western Art II Professor Schmunk Field trip to the Greenville County Museum of Art N.C. Wyeth’s Anthony Adverse originally served as the endpaper for the Hervey Allen novel of the same name, originally published in 1933. The novel is described by the Encyclopedia Britannica as being â€Å"a long, rambling work set in Europe, Africa, and the Americas during the Napoleonic era.† Throughout the story, Anthony has many adventures, including slave trading in Africa, working as a businessman and plantation owner in New Orleans, and being imprisoned and subsequently dying in Mexico. The endpaper by N.C. Wyeth depicts the slave trade portion of Anthony Adverse. The function of the piece was decorative, as it was the†¦show more content†¦A character of note is the friar standing beside the character presumed to be Anthony. There is much contrast in the facial expressions of the two characters. While Anthony looks at the slaves with disdain and unconcern, the friar seems to feel apathy for these people who are being driven out of their homes. The comp osition of the piece, unsurprisingly, places the most important figures closest to the viewer. Anthony is the clear focal point, as he is made larger than all other figures, leaving little doubt about his importance in the ensuing novel. The colors, as previously mentioned, are generally light and subdued. The poses of Anthony and the friar in the foreground are static, as they are watching the action unfold behind them. In contrast, the slave masters and slaves are seen in motion. Linear perspective is evident in the orthogonal lines made by the fence of the holding pin. This is the only instance of orthogonal in the piece, so it is unclear where the exact vanishing point is located. The gradual decreasing in size of the figures also adds to the linear perspective and depth of the painting. The piece similar to A Sunday Afternoon on the Island of La Grande Jatte by Georges Seurat in its composition, as two characters are seen in the foreground with many characters in the background . This is the extent of similarities between the two paintings, as the subject content of Anthony Adverse is much heavier than the

Analysis of The Technology Voice Over IP Free Essays

Though communication have been existing for a long time, changes in method have been taking place all the time, so that costs are reduced and one of the latest methods is to communicate through IP or Voice over IP – VoIP. The technology of sending voice is already over a hundred years old, but earlier there had been less important developments in technology over the earlier systems of PBX and key system technologies which had been developed for many years. The new technology that has now been developed is of sending voice over IP which is replacing the earlier TDM products and now with the development of technology the changes in technology of voice can have an important role to play in organizations. We will write a custom essay sample on Analysis of The Technology Voice Over IP or any similar topic only for you Order Now The change is more important than just converting the earlier used system of time division multiplexing or TDM to Internet Protocol or IP. This is the first step of companies to solve difficulties regarding costs and achieving business goals of the organization. Apart from voice the architecture that is used with IP communications include â€Å"video, messaging, contact centers and business process enablement†. (Voice over IP is the first step to an enabled, converged environment) What is being stated is very simple and that is voice will not be sent as a separate type of communication, but will be sent in the form of an Internet Protocol based communication. This is being transmitted for quite some time now and dependable channels have already been developed. The costs of this method are also viewed to be quite low, and that will naturally reduce costs of transmitting voice. At this stage it is important to understand what Internet is. This is a method of communication which can be carried over many media like cable, radio, wireless, etc. The difference that it has with other media is that this causes a series of fluctuations for the message to be carried, somewhat like a pulsating signal. At the same time, the pulses provide a certain code for passing on messages and this is like digital communication which transfers information regarding scripts and also on the computers. This had originally started of with 8 bits which now form a byte and even the storage capacity of computer items like hard disks are stated in billions of bytes. (IP Communications: A Wealth of Innovations Begins to Deliver New Value to Business) Apparently the numbers required are high as even this article will contain some 30 thousand bytes, but the method of transmission is simple as the information just consists of yes or no and the method used is of binary logic. The logic of Internet protocol is over 32 pieces and this has now spread over all networks – wired or wireless, public Internet or service provider networks and corporate LANs. For communication to be enabled, what was required was the enabling to IP of all communications and computing equipment. (IP Communications: A Wealth of Innovations Begins to Deliver New Value to Business) The advantage of using these methods is it permits an organization to reach the next level of communication services and not confine itself to have special systems designed for its own use. This will naturally save it sizeable amounts of capital expenditure as also the regular costs of maintenance and operations. According to a recent Forrester study, IP videoconferencing and unified messaging are becoming very popular in North American and European enterprises, though the majority of enterprises in this are not purchasing these applications during the current year. In the course of the study, it was found that 29% among North American and 17% among the European enterprises which have at least a 1,000 employees are already using or presently upgrading IP videoconferencing. The full methods of unified messaging is being fully used or being upgraded in only 15% of North American enterprises and in 14% of European enterprises. (Unified Messaging and IP Videoconferencing: Adoption Slower Than Expected) This shows clearly that there is a rapid change going on in this area. Considering that both applications are now reasonable mature, it was surprising to find that full-scale deployments are still found in less than 30% of companies that were surveyed. At the same time, there is a reasonable potential for growth of both unified messaging and IP videoconferencing, since the enterprises will now upgrade to Session Initiation Protocol based platforms. Most enterprises that were surveyed plan to use these applications in-house, yet, several companies, mainly in Europe, stated that they would consider unified messaging applications and IP videoconferencing to be provided as a managed service. After the standalone applications become integrated, the market for these applications is expected to grow at a faster rate. (Unified Messaging and IP Videoconferencing: Adoption Slower Than Expected) 3. What industry can do to insure that service? Before we talk about the insurance of service for IP based phones let us look at the benefits as if there are no benefits, there are no advantages in switching to the new technology. There can be substantial savings and those can vary from $9,600 per site to $28,000 per site over a full year for large organizations and from $4,800 to $9,600 for medium sized organizations and these results are taken from a study that was carried out last year. The second advantage is that it enables organizations to increase their total telephone systems along with the growth of the organization. Even the growth when it takes place can be flexible and without gaps or stoppages. There are programs like Microsoft Outlook which enables the user to know immediately who is calling along with the ring of the telephone. Even for the management there is a benefit and they do not have to depend on the supplier of the system for any changes that they want to make (Is Your Network Ready for IP Telephony?) In terms of insurance, the service is now available from a number of manufacturers and thus in the case of dissatisfaction, one can always change suppliers and that is probably the best sort of insurance that one can get. 4. How can IP makes the vision of any device to any device over any network possible? Before VoIP started all organizations had two separate infrastructures and one was used for transmitting voice and the other was for transmitting data. When VoIP is used, there is only one integrated infrastructure. At the outset, it will seem that without the PSTN infrastructure the cost infrastructures can be justified easily for the system. At the same time, this cannot be removed totally since it has to handle the call overflows and any calls which are not targeted for the remote site. There are models available which will enable the calculation and justification for these network integration projects. (VoIP: How to plan for the bandwidth and calculate cost savings) This has made it clear that many new devices will be made to work over the Internet for human benefit. To conclude, it could be said that at certain levels of technology, it is difficult to understand the technical points and one should look at the entire question from a requirement point of view. 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