Stefan’s Diaries: Origins Chapter 24

September 25, 1864 They say love can conquer all. But can it conquer Father's belief that Katherine and those like her are demons–devils? I do not exaggerate when I say Katherine is an angel. She saved my life–and Anna's. Father must know the truth. Once he does, he will be unable to deny Katherine's goodness. It is my duty as a Salvatore to stay true to my convictions and to the ones I love. Now is the time for action, not doubt. Confidence courses through my veins. I will make Father understand the truth–that we are all the same. And with that truth will come love. Father will call off the siege. This I swear on my name and my life. For the rest of the day, I sat at my desk in my bedroom, glancing at an empty notebook as I contemplated what to do. If Father knew Katherine was a vampire, he'd call off the hunt. He had to. I'd seen him laugh with Katherine, attempt to impress her with stories of his boyish antics back in Italy, and treat her as he'd have treated a daughter. Katherine gave my father a vigor I'd never seen in him. She gave my father life. But how could I persuade him of this, when he so deeply despised demons? Then again, Father was rational. Logical. Maybe he could learn what Katherine had already taught me: that vampires weren't all evil. They walked among us, they cried human tears; all they wanted was a true home –and to be loved. Finally, I steeled my courage and stood up, closing the notebook with an abrupt clap. This wasn't a schoolboy's assignment, and I didn't need notes to speak from my heart. I was ready to speak to Father man to man. After all, I was nearly eighteen, and he was planning to leave me Veritas. I took a deep breath and walked down the winding staircase, through the quiet living room, and knocked sharply on the door to Father's study. â€Å"Come in!† Father's muffled voice called. Before I had even put my hand on the knob, Father swung the door open himself. He wore a tailored jacket, with a sprig of vervain in the lapel, but I noticed that instead of being clean shaven, he sported salt-and-pepper stubble and his eyes were bloodshot and hooded. â€Å"I didn't see you last night at the ball,† Father said as he ushered me into his study. â€Å"I hope you weren't part of that noisy, careless mob.† â€Å"No.† I shook my head vigorously, feeling a flicker of hope. Did this mean Father was no longer planning an attack? â€Å"Good.† Father sat at his oak desk and slammed his leather-bound book shut. Beneath it, I could see complicated drawings and diagrams of the town, with X's over certain buildings, including the apothecary. And just like that, the flicker of hope was extinguished, and cold, hard fear took up residence in its place. Father followed my gaze. â€Å"As you can see, our plans are much more thought-out than that foolish brigade of drunks and boys. Luckily Sheriff Forbes and his team put a stop to them, and none of them will be welcome at our own siege.† Father sighed and steepled his fingers together. â€Å"We're living in dangerous and uncertain times, and your actions need to reflect that.† His dark eyes softened for a second. â€Å"I just want to make sure your decisions, at least, are prudent.† He didn't add â€Å"unlike Damon's,† but he didn't have to. I knew that was what he was thinking. â€Å"So the siege †¦Ã¢â‚¬  â€Å"Will happen next week as planned.† â€Å"What about the compass?† I asked, remembering the conversation with Katherine. Father smiled. â€Å"It works. Jonathan's been tinkering with it.† â€Å"Oh.† A wave of horror rushed through me. If it worked, then that meant there was no doubt Father would find Katherine. â€Å"How do you know that it works?† Father smiled and rolled up his papers. â€Å"Because it does,† he said simply. â€Å"Can I talk to you about something?† I asked, hoping my voice betrayed none of my nerves. An image of Katherine's face flashed in my head, giving me the strength to lock eyes with Father. â€Å"Of course. Sit down, Stefan,† Father commanded. I perched in the leather wingback chair near the bookshelves. He stood up and walked over to the decanter of brandy on the corner table. He poured a glass for himself, then one for me. I took the tumbler and held it to my lips, taking a tiny, almost imperceptible sip of the liquid. Then I steeled my courage and stared straight at him. â€Å"I have concerns about your plan for the vampires.† â€Å"Oh? And why is that?† Father leaned back against his chair. I nervously took a large gulp of brandy. â€Å"We're making the assumption that they're as evil as they've been characterized. But what if that's not true?† I asked, willing myself to meet Father's gaze. Father snorted. â€Å"Have you any evidence to the contrary?† I shook my head. â€Å"Of course not. But why take what people say at face value? Y taught us ou differently.† Father sighed and walked to his decanter, pouring more brandy. â€Å"Why? Because these creatures are from the darkest parts of hell. They know how to control your mind, seduce your spirit. They are deadly, and they need to be destroyed.† I glanced down at the amber liquid in my glass. It was as dark and murky as my thoughts. Father tipped his glass to me. â€Å"I shouldn't have to tell you, son, that those who stand with them, those who bring shame to their families, will be destroyed as well.† A chill went up my spine, but I held his gaze. â€Å"Anyone who stands with evil should be destroyed. But I hardly think it's prudent to assume that all vampires are evil just because they happen to be vampires. Y always taught us to see the good in ou people, to think for ourselves. The last thing this town needs, when there have already been so many deaths from the war, is more senseless killing,† I said, remembering Pearl and Anna's terrified expressions in the woods. â€Å"The Founders need to rethink the plan. I'll come to the next meeting with you. I know I haven't been as involved as I could have been, but I'm ready to take on my responsibilities.† Father sank back into his chair, leaning his head against the wooden back. He closed his eyes and massaged his temples. For several long moments he remained in that posture. I waited, every muscle in my body coiled to receive the angry flurry of words that was sure to fly from his mouth. I stared dejectedly into my glass. I had failed. I had failed Katherine, Pearl, and Anna. I had failed at securing my own happy future. Finally, Father's eyes snapped open. To my surprise, he nodded. â€Å"I suppose I could give the matter some thought.† Cool relief flooded my body, as if I'd just jumped into the pond on a scorching summer day. He would give the matter some thought! To some, that might not seem to be much, but from my stubborn father, it meant everything. It meant there was a chance. A chance to stop sneaking around in the dark. A chance for Katherine to remain safe. For us to be together, forever. Father lifted his glass to me. â€Å"To family.† â€Å"To family,† I echoed. Then Father drained the rest of his glass, which compelled me to do the same.

M Analysis

Introduction Marks & Spencer is a British retailer with over 800 stores in more than 30 countries around the world. It is the largest clothing retailer in the UK, as well as being a food retailer. Most of its domestic stores sell both clothing & food, and since the year  2000 Marks & Spencer have started to expand into other ranges such as home wares, furniture & technology. Marks & Spencer became the first British retailer to make a pre-tax profit of over ?   billion â€Å"BBC News online 1998† Though a few years later Marks & Spencer were hit  by the â€Å"credit crunch† which has had a dramatic effect on the company as they struggle in the current economical climate. M&S is a successful company. In macro-environment, M&S obeys the government and protects the natural environment. Moreover, M&S is influenced by the factors of economic, social, and technological to make its business strategies. On the other hand, in micro-environment, the M&S has created a good an d long-term relationship with the suppliers and customers.From the SWOT analysis, the most important factor for M&S is to satisfy customer needs. On the other hand, the main disadvantage is the lack of clothing market segmentation that causes M&S to lose its brand awareness among the existing customers. The significant strategies of M&S are creating potential customers and maintaining the existing customers. To sum up, the analysis of M&S has found that its business structures follow the trend of society, keep the position in the market, and increase its potential market share. MissionThe mission of the M&S is to make as high quality accessible to all. Marks & Spencer is a leading British retailer of clothing, food and household goods. They prefer to call themselves â€Å"Marks & Spencer,† using an ampersand instead of the word â€Å"and. † Their logo is a style form of the characters â€Å"M&S. † They have a â€Å"Plan A† for tackling environmental issue s â€Å"because there is no plan B. † M&S outlines its core business as clothing and Food. Its’ financial objectives is to deliver shareholder value in terms of increase returns, but also in terms of increase sales and market share in retailing.It beliefs and values are outlined as â€Å"Our customers continue to see Marks & Spencer as the place to shop for special food, produced to exacting standards†. M&S also sees its workforce as an important part of its plan and also considers modern its stores as a key corporate objective. Vision The vision of the M&S is to be the standard against which all others are measured. They sells clothes, food and home wares at more than 650 stores in Britain and about 300 shops abroad, said it expected to achieve annual benefits of around 250 million pounds by 2015-2016 from upgrading its supply chain and information technology systems.They will supply chain and IT improvements. The improvements will include shrinking the firm's network of 100 warehouses, which are run by third parties, to just four. And also to revamp its website and said it would expand its business abroad, including at least 50 stores in India over five years. They have established a long-term vision for where we want to take the business which they believe will create long-term sustainable growth. At the heart of this vision is moving the business from being product focused, store centric and UK dominated to being customer focused, multi-channel and international.M would conduct a review of its UK store network in the light of fast-growing online retail sales, with future new store likely to be offset at least in part by closures. They plan to cutting prices, stepping up promotions and introducing new products, add 800 new lines to sustain the recent improvement, including extending a trial to sell a small number of brands. They think the strong growth potential in children swear and footwear as well as home wares. PESTLE Political Fact orsThe government sets regulations for companies to abide by such as Health & Safety British Standards such as, planning for hazard identification, risk assessment and risk  control. If companies do not abide by these regulations they will be fined or even in some cases be forced to close down. Marks & Spencer did not abide by the British Standards as they were charged for neglecting health & safety regulations after a door  fell on an employee. George Blair was allegedly injured after a warehouse door in their store near Glasgow was left hanging on loose fixtures.Marks are alleged to have ignored repair requests, allowing the door to fall in to disrepair. Marks & Spencer pled not guilty to this; there is still no outcome of this trial. Also according to â€Å"BBC News 30th January 2006† Marks & Spencer would be the first major retailer to go down the Fair-trade route on both clothing and food. The fair-trade policy, which they have launched will include, cut salt and fa t in M foods, recycled packaging and animal welfare protection. Marks & Spencer Chief Stuart Rose stated, â€Å"Customers want good value, but they care more than ever how food and clothing products are made†.Economical Factors Currently the economic outlook is very uncertain and this is more than likely to affect retail sales, as people do not have the spare cash to spend on luxury items such as clothing and food luxuries. Marks & Spencer have been hit by this and have recently closed a number of stores and have had to make job cuts of 2% of their 70,000 staff. And also to show what affect the recession has had, they took the decision to have two days of 20% discounts in the run-up to Christmas.They have also recently introduced a 20% of all Wine and Champagne to keep up with their competitors. Marks & Spencer have had to change the way they market themselves so that they can try and stay ahead of the recession. Sociological factors In the last few years society has changed. In 2006 as stated by the Guardian, Chief  Executive of Marks & Spencer Stuart Rose wanted to stretch the company brand, for  example he considered selling food online as part of a plan to become a multi-channel retailer, this was obviously to keep up with the competitive market such as Asda.Asda and Marks & Spencer appeal to different markets in terms of social class and other demographics; this has a major influence on the way they respond to current issues. In response to the current cheap clothing industry supermarkets have increasingly over the last few years caught up with fashion trends, helping them to rival the high street clothing stores with their less expensive versions. Marks & Spencer is no exception to this and they have bought their clothing ranges up to date to keep up with the latest trends and to keep their customers interested.Consumer purchases are influenced by cultural, social, personal and psychological characteristics. For the most  part, marketers can not control such factors, but they must take them into account. Technological Factors Technology is vital in the retail market. Companies must manage their brand scare. First the brands position must be continuously communicated to consumers. Major brand marketers often spend huge amounts on advertising to create brand awareness and to build preference and loyalty.For Marks & Spencer to continuously communicate to consumers they need to be heavily into advertising, which they are. They have Celebrity icon Class as the Face of Marks & Spencer who appears on the adverts on the TV and she is also on their website model the M clothing, so their adverts appeal to women not only in their 20’s but also to the more mature lady so they are covering all areas with their advertising campaign. Also their  website is very appealing with bright and very easy to use, it is also constantly updated with the new M brands. Legal Factors Legislations are always changing.Marks and Spencer carry out re-training & update every year, they keep up to date with new laws or legislations, and with issues regarding Health & Safety they also ensure that their legal protection is updated. For  re-training Marks & Spencer invite business changes to the business, tax changes to the business & products changes amongst many other things. Marks & Spencer invite objectives/methods that need to be changed and new training, and also on going development. An example of legislation is the â€Å"Fair Packaging and Labeling Act (1996) – Provided for the regulation of packaging and labeling of consumer goods.Requires that manufacturers state what the package contains, who made it, and how much it contains†. Here is an example from Marks & Spencer’s website to show that they are adhere to this legislation, â€Å"Packaging helps to protect the product between being produced and used by the customer. It prevents product wastage, carries important instructions and informatio n on ingredients and helps the product look its best in the store†. Environmental Factors With the current environmental climate as it stands, issues are being promoted daily on the television, in magazines and newspapers and on the radio.All companies, industries and organizations are being pressured to change their ways when it comes to the materials they use and how they manufacture. Marks & Spencer have established their own Green Policy which they call â€Å"Plan A† The chief executive of  Marks & Spencer states that it is called this because there is no â€Å"Plan B†. Marks has today announced a 100-point five-year plan to re-engineer itself to become a carbon neutral, zero-waste-to-landfill, ethical-trading, sustainable-sourcing, health-promoting business SWOT 3. 1 Strengths 3. 1. 1 High QualityHigh quality is the major strength that makes M successful. Customers always find high quality goods such as fresh fruits, vegetables, and other superior goods i n M food hall (Ciao, 2002). With many people turning to eat vegetarian meals. M grasps the consumers need. M has high quality of products that are the food and other products, such as baby products and women under wears. 3. 1. 2 Customer Services M has high reputation for focusing on customer service. (Christie, 2002). This is one of the most important methods to make a good relationship between customers and M.For example, when women want to buy under wears for themselves, the shop assistants will help them to measure sizes and give them good suggestions. 3. 1. 3 Shopping Environment M tries to make customers feel more convenient and comfortable. It makes stores brighter, and uses modern designs (Rung 2001). All goods in the shop can be seen immediately. Furthermore, customers do not worry about being drowned in many shelves and avoiding multitudinous people. 3. 1. 4 Manager Training One of M strengths is its strict and excellent manager training system (Retail Technology,1999).Eve ry manager of M must be familiar with duty of every post. In fact, managers of M are arranged practice of every post. It helps them to improve both work experiences and management skills. 3. 2 Weakness 3. 2. 1 Clothing Lack Segmentation The clothing market of M has many segments. In fact, especially ladies outer wear, is outmoded design and cut. In addition, affluent younger consumers prefer purchasing brand-labels, such as Gap, Next and Top shop (Jobber, 2001: 149). 3. 2. 2 Stock Control The non-performance of the home delivery/shopping service even sometimes involves wedding lists.Customers were told that items were out of stock (Jobber, 2001). Customers complain the defect of e-shopping and delivery services. To some extent, M suffers from the unbalance between the stock and Information Technology System. 3. 2. 3 Waste Store Spaces Another problem is that M has many store spaces. In fact, it has added 75 percent of square foot age since the early Eighties, but its market share in clothing has not increased (Stewart, 2000). M needs to find some new products to stuff its extra spaces. 3. 3 Opportunities 3. 3. 1 Internet TechnologyInternet technology has developed fast, it offers an opportunity to increase the demand for the online products (Zakon, 1999). In terms of this circumstance, buying products online became a new trend. Customers are getting used to accept the model and adapt it to their daily lives, and the demand for this kind of products would be increased in the future. 3. 3. 2 Healthy Eating Healthy eating offers an opportunity that the demand of specific food will be increased (Leyshon, 2002). People pay attention to the life quality, they request companies to offer varied products to satisfy their needs.For example, in the food market, M does good segmentation in providing the vegetarian, low fat or organic food. This is the advantage that the competitors have not aware of it. 3. 3. 3 Marketing Extending The Company owned stores in the Republic of Ireland and Hong Kong and has 131 franchise stores in28 countries operating through a network of successful partnerships (Marks & Spencer, 2002d). In the future, the company will expand its business beyond the existing area. 3. 4 Threats Although M has its own strengths, opportunities and weaknesses, it still occurs some threats from itself and other competitors. . 4. 1 Strong Competitors Strong competitors are the most threat to M. For example, in the food market, there are four main supermarkets, such as Tesco, Asda, Safeway and Sainsbury (Oct, 2002). They provide not only high quality but also value-added products to build customers loyalty. In the clothing market, Gap, Next, Topshop and other fashionable brands may compete with M (M shuts, 2001). 3. 4. 2 The Change of Social Environment Except other competitors, M will be influenced by social environment.Since the social environment changes at any time, the customer tastes are also changed. For example, people move to other c ountries, and their culture will affect the local people lifestyles, such as eating, and dressing. M can adjust its products to satisfy different needs. 3. 4. 3 Chemical Pollution Environment pollution is a threat for M. An environmental systems manager of M claimed. Every one of the 30,000 product line that M sells is dependent on chemicals (Friend of the Earth,2002). Governments are taking measures to protect natural environment and reduce pollution.This potential risk will affect its development of M in the future. Invest strategy Focusing on improving its operations to save costs, expanding the options for customers to buy products – especially online – and driving its business outside of the U. K. The U. K. ‘s biggest department store operator told attendees at an investor day that was webcast on its website that it would improve its supply chain and implement new IT systems which would save it GBP250 million by 2015/2016 through capital expenditure over the same period of GBP1 billion.Some of those changes would include consolidating distribution sites which would mean further warehouse closures on top of the 21 already closed, sending products directly to the country of sale rather than routing everything through a central U. K. hub, and refreshing stock systems and data collection. The second stage of the company's strategy calls its 2020 program. It is to offer more choice of when and how to buy M products, with online sales a particularly large growth area especially as more people turn to shopping on the Internet.Store sales are expected to shrink slightly by 2020 to GBP206 billion from GBP212 billion this year, while online sales are expected to almost triple to GBP57 billion in 2020 from GBP21 billion this year according to research by Verdict, Forrester and Javelin Group provided by M at its investor day. Marks & Spencer aims to target some of its 8 million customers who shop online elsewhere but not at M. There is also an unt apped 21. 5 million M customers who don't shop online at all.The final plank in ITV's strategy is to grow its international business which currently accounts for 15% of M profits through 296 international stores and its online presence. The growth is expected to come from increasing the group's central and eastern European operations as well as building on its business in China and India. The company expects to open 50 stores in five years in India, and identify key regional growth areas in China where the company will focus on property, products and local sourcing.Marks & Spencer unveiled its new strategy program under the banner â€Å"2020 Doing The Right Thing† in May, which received a lukewarm reception from investors. At the time, the retailer outlined its targets but gave few details on how exactly it would implement the plans. A bellwether for British consumer sentiment, Marks & Spencer has been hit hard over the past 18 months by the economic downturn as shoppers eith er cut back spending on nonessential items or sought less expensive food and clothing elsewhere. As a result, the company has revamped its food offer and availability and introduced a budget range of grocery products.It has also cut capital spending, laid off 1,230 staff and closed some stores. At the start of the month, Marks & Spencer reported better-than-expected fiscal second-quarter sales, buoyed by the introduction of less expensive food and revamped clothing and house ware ranges. Still, it cautioned that business will remain difficult well into next year due to the economic downturn. Second-quarter group sales rose 2. 7%, due to a 9. 6% rise in international sales and a 30% jump in online sales. The company also raised its outlook on annual profit margin thanks to better stock control, sourcing and supply chain management.Targeting strategy Targeting approach used by Marks & Spencer (M&S) is more multi segment targeting than a concentrated targeting approach. When we look at the segmentation statistics, middle aged women are the prime revenue generator for the company but even the 80% of customers who bring the 20% of sales according to the 80/20 Pareto's rule can be developed to increase the sales. Therefore M has been more focused on targeting multi segments of people with good educational socio economic class and who some high income urban populations as well.M has been previously focusing on women gender only but now environmental variables are changing and M has entered into the men market with high quality products as well that has increased the brand image in the clothing and accessories industry. M cannot follow undifferentiated or differentiated approach as the product pricing techniques are such that it is targeted to limited segment of higher socio economic class, who have high demands and can afford luxury and pleasure easily. Positioning strategy M, as now has become an international brand, therefore the company needed to position its bran d in variable manner.The promotion in South East Asia region needed to be very different from what it was positioned in Britain. The company has focused a few important parameters that lift the brand in clothing industry. M has positioned its clothing and accessories with relaxation and high quality, moreover when it comes to international market specially in India where people are more in lower socio economic class and the consumer purchasing power is not equal to other international markets where M has been making profits, therefore in such regions the company has also focused on flexible pricing strategies in order to retain and add new customers.The competitors of M in the international market are large in numbers and in order to be differentiated from the others the positioning strategy currently adopted by M is well suited to the situation. The comfort and quality has been a prime concern for the clothing industry and positioning the product with such parameters requires M to provide constant results on long term basis so that the company is able to build the brand equity and customer loyalty.Positioning is promises that a company makes to its consumers and fulfilling this promise is not only the toughest task but it also need great sacrifices and unpopular decisions at times. However it is fact that if the positioning of the brand is well justified by the company with sincerity the increase in customer level is significant. In the world of similar products and services retaining customers is not easy and therefore M as a brand has to strive harder to get to the top clothing positioning.Financial position |   |Notes |As at |As at | | | |3 April |3 April | | | |2011 |2010 | | | |? m |? | |Assets |   | |   | |Non-current assets |   |   |   | |Investments in Group undertakings |C5 |9,179. 8 |9,168. 6 | |Total assets |   |9,179. 8 |9,168. | |Liabilities |   |   |   | |Current liabilities |   |   |   | |Amounts owed to Group und ertakings |   |2,591. 8 |2,603. 5 | |Total liabilities |   |2,591. 8 |2,603. | |Net assets |   |6,588. 0 |6,565. 1 | |Equity |   |   |   | |Ordinary share capital |   |396. 2 |395. 5 | |Share premium account |   |255. 2 |247. | |Capital redemption reserve |   |2,202. 6 |2,202. 6 | |Merger reserve |   |1,397. 3 |1,397. 3 | |Retained earnings |   |2,336. 7 |2,322. 2 | |Total equity |   |6,588. 0 |6,565. 1 |

Social Care Theory for Practice

SOCIAL CARE THEORY FOR PRACTICE (OUTCOME 1) ASSESSMENT 1(1500 words approx. ) (12th October 2012) Coco J Hendry Page 1Introduction Page 2 – 5Assessment Page6Conclusion Page 7Reference/Bibliography 1 The following essay will demonstrate my understanding of the importance and relevance of values to social care by explaining how social care values and principles influence practice. I will then explain what relationship my value base has with social care values.I will offer and explanation of my understanding of the term anti-discriminatory practice and provide some examples of how I would apply this in a social care setting. I will outline the legislation, which underpins anti-discriminatory practice and how this would influence my own practice. 2 All care workers require recognising the importance of the two core values for care practice as suggested by â€Å"Janet Miller and Susan Gibb Care in Practice 2nd edition 2007† the value of respect for the worth of dignity of ev ery individual. he value of according social justice and promoting the social welfare of every individual. Adopting and implementing these values recognises that each individual service user needs are met socially, physically, emotionally, cognitively without stereotyping, pre-judging or discriminating the service user, according to â€Å"Janet Miller and Susan Gibb Care in Practice 2nd edition 2007† The two core values appear to be paramount to both the service user and carer.It becomes clear that the application of the two core values enables the service user to realise their full potential and advocates promoting social welfare of each individual. Because of the carer, applying the values without doubt contributes the principles of social care values achieved; â€Å"Social care values are underpinned by the principles of dignity, privacy, choice, safety, realise full potential and equality and diversity† www. sssc. com My own values were primarily because of my fami ly and my social surroundings.The social skills and values adopted at an early age enabled me to progress through school, social groups and friends. Adopting secondary values, shaped by culture, rules and values particular to social influences and settings Some aspects of the secondary values are an indication that as a member of a civilised society, the expectations is to conform and adhere to certain rules, regulation, and share the same opinion as my peers, not unlike the social care values.My values have been changed and evolved from all areas of my life, but the values learned from my family when younger have laid the foundations for what I deem ‘acceptable' and ‘unacceptable' This is called primary socialisation. My family were 3 my primary socialisation, they taught me what was ‘right' or ‘wrong' and what an acceptable way to behave or conduct myself was and what was unacceptable. Although my values have changed with time these basic values learned fro m my family have remained.My own values along with the social care values and principles will enable me approach all service users as individuals in a professional, competent manner. However diverse or multicultural we may be doesn’t always mean we are diverse and considerate in our approach to specific groups, cultures, religions, etc Having been subjected to direct/indirect prejudices’, I am mindful to consider all members of society and strive not prejudge people, and to avoid discrimination at all cost.Certain standards are expected in a standards expected of social care workers that were first published in the â€Å"Regulation of Care (Scotland) Act 2001† A key standard underpinning social care is ‘anti discriminatory practice’ which means that as a social care worker I should not treat anybody differently regardless of their, gender, sexuality, age, disability, political, religious spiritual beliefs. It is important as a social careworker to c onsider if I have any values or opinions that could be considered as prejudiced.Having an opinion of a certain individual or group based on hearsay, stereotypes or assumptions and without knowing them personally is a prejudice. As stated in â€Å"HNC Social Care (2009) by Bingham et al â€Å"Prejudices can be categorised into personal prejudices, cultural prejudices and societal/structural prejudices† and although some prejudices could be considered positive to some people, most prejudices are negative and if acted upon will result in discrimination. Social care is an integral part of any society; practice and legislation are a fundamental part of our society and social services.Promoting and applying the Codes of Practice and principles aims to educate care workers, providers and 4 service users. Anti-discrimination laws and acts such as the Equality Act 2010 and the Disability Discrimination Act 2005 enable us to aware of legislation and the need to adhere to the codes of conduct which regulate the social care profession. Working in a social care environment would require me to regularly review my own personal values or opinions and to consider at all times the social care values and codes.Keeping up to date with current legislation would ensure I am compliant, not prejudging or stereotyping service users. It is also important to reflect and consider whether I could have approached a similar situation differently with a certain individual compared to others, and if there was any differences why? Having personally experienced discrimination, I appreciate the negative effects discrimination can have on an individual and understand the importance and application of anti-discrimination laws and legislation. The SSSC have an extensive literature called ‘induction guidance for social care workers in Scotland†.This literature includes the principles and values expected of social care workers but also makes clear the relevant legislation that is specific to my role to assist me in implementing ‘anti discriminatory practice†, such legislation includes; * Disability Discrimination Act 1995 * Human Rights Act 1998 * Sex Discrimination Act 1975 * Race Relations Act 1976 and 2000 It is important to review such legislation as what I may consider to be only an opinion that is harmless and inoffensive to all may actually be considered as discriminatory 5 by others whether direct or indirect discrimination.Direct discrimination is easily identifiable and blunt, using race discrimination as an example direct discrimination in a social care setting would be someone of a different cultural or ethnical background being treated less favourably than someone of the same culture who may share similar society/structural beliefs. Indirect discrimination is less direct but equally offensive, an example of indirect discrimination in a social care setting would be a social care provider ignoring religious and cultural beliefs by expe cting a ‘muslim’ service user to eat during the daylight hours at Ramadan.Although the legislation does not state each individual requirement of a certain group or individual, it does make it more than clear what is unacceptable. According to â€Å"Bingham et al (HNC Social Care Scotland)2009† these legislative guidelines promote positive practice across the sector and also empower workers to ensure they are supported to carry out their duties with robust policies and procedures†. By adhering to the SSCC codes of practice and also regularly reviewing relevant laws surrounding discrimination I should be more than equipped to deliver ‘anti-discriminatory social care ‘. From my essay, you will see I have studied the values and principles that influence practice. In view of this, I now have a clearer understanding of my own values as well as the social care values and principles recognising and realising the overall impact they have when applied in a social care environment. In a professional capacity, it is crucial that social service workers are protected and regulated by the Codes of Conduct. The codes are a clear guide of the standards required to work in a social care environment.The codes of practice and principles provides employees, employers and service users a with clear set of standards, ensuring regulation and guidelines are applied in a consistent, compassionate manner. Regulation and consistency in the application of the Codes of Conduct and principles throughout the care profession will result in the service users being provided with the appropriate choices and services they require. In my opinion, being able to make informed choices regardless of age, gender, disability, sexuality, religion, etc. n a safe environment by care workers who have empowered them to realise their full potential is possible when all aspects of personal and social care values, laws and legislation are applied. 7 REFERENCES/BIBLIOGRAPHY Janet Miller and Susan Gibb  Care in Practice 2nd edition 2007 Publisher:  Hodder Arnold, (2nd  edition 2007). Bingham,   E. (2009) HNC Social Care Scotland Publisher:  Heinemann; 1 edition (6 Nov  2009)  Ã¢â‚¬ ¦ www. sssc. uk. com www. scotland . gov. uk

Abraham Lincoln and the Telegraph Essay Example | Topics and Well Written Essays - 1500 words

Abraham Lincoln and the Telegraph - Essay Example For instance, in 1962, the president of the United States telegraphed a military general in the battlefield of second Manassas (Bull Run). Abraham Lincoln was exhausting the new mode of automated communications in an unparalleled manner to modernize the nature of state leadership. Since information moved at much greater rates than on foot, the military became more convoluted and facilitated the transformation of the medium industry to an entirely new level. Abraham Lincoln was the first President to use this technology in a time of crisis, putting the fate of the nation back in the hands of the nation’s leaders and allowing for instantaneous strategic modifications. This essay seeks to discuss how Abraham Lincoln's use of the telegraph revolutionized warfare by revolutionizing national leadership in the Civil War. The Telegraph and Abraham Lincoln Before telegraphy, the urgency for communication was not so much complex. Telegraphy revolutionized communication in long distances since it beat the physical exchange of letter. With this, Abraham Lincoln made great strides in his national leadership through the use of this technology. Through this, he revolutionalised national leadership and secured his status during the civil war ear in the United States. When Lincoln reached the 1861 inaugural, there were no current telegraph networks to the War Departments and even in the White House (Allen et al. 112). This situation did not prevail for long since rapid changes were implemented. Wires were mounted in the War Department and other related important installations virtually straightaway. During this time, the telegraph room in the war department was considered Abraham Lincoln’s favorite. He spent much of his time in this room strategizing the war and doing his personal time. Interestingly, the white house had no telegraph system and Lincoln made numerous visits to the war department’s cipher room. It is in this quiet seclusion that Lincoln did h is introspection about the war, brewing new ideas and strategies. Here, he would have some quiet, undisturbed and undivided attention while thinking of the way forward for the war. In the telegraph room, he awaited inpor6ant news and messages from the ground. The forecasts and messages gave him the exactness of the activities of this dragging war. Clearly, this was a challenging time for Lincoln, the translation of these cyphers, the development of the new type of communication and the dynamism of the war, the loss of lives in battle and the little victories. All this he had to take in at the same time. This needs a real heart to take in without feeling overwhelmed. With this influx of information, Lincoln pondered on every little communications he received without leaving anything to chance. All these military and political messages needed to be addressed for the good of the public. The telegraph turned out to be a tool to triumph the war and the symbol that will move the country t o the declaration of emancipation. Importance of the Telegraph Communication The setting up and use of telegraph communication was essential, during the American Civil War. Despite the rising interest for the new technology, during that time, the telegraph's potential was acknowledged with uncertainty and was not that much appreciated. The commencement of the work was not easy because personnel had to be assembled to attend to its use and implementation. However, Lincoln used this opportunity to tap and capitalize on electric communications. This is seen as something significant because it is used without preference and was majorly used, during in a time, where war was waged, during the Civil War (Hochfelder 231). Through telegraph communi

Figurative Language versus Literal Language Essay - 22

Figurative Language versus Literal Language - Essay Example According to the paper examples of idioms are â€Å"it is raining cats and dogs† meaning heavy rain, and â€Å"he is on the wagon† meaning that the person is not partaking of alcoholic drinks. This kind of language should be used with care when addressing non-native speakers of English. An analogy is a comparison of one idea with another. It usually finds a simple idea and uses it to explain the meaning of a more complex idea. An example of an analogy is the statement that â€Å"punctuation marks are the traffic signals of language†. By likening commas and full stops to traffic signs, the writer illuminates the concept of writing in terms of an extended comparison with driving along a street. A metaphor also compares two things or ideas, but it does so in such a way that they are merged into the one concept. An example is seen in the phrase â€Å"he is a pig†. If this phrase refers to the farmyard animal then it is a literal statement. If it refers to a hu man being then it is a rather insulting metaphor which suggests the person has bad manners and is greedy or self-indulgent in other ways. From this study, it is clear that a simile is another way of comparing one thing with another in a piece of writing. It is not the same as a metaphor because in the case of a simile the two ideas are compared using the words â€Å"like† or â€Å"as.† An example of a simile can be found in the nursery rhyme phrase: â€Å"its fleece was white as snow.† The comparison of a sheep’s coat with snow emphasizes how pure and white it is and makes for a much more interesting description than just a statement of the white color on its own. The term clichà © is borrowed from the French. It refers to a phrase which may have originally been quite memorable, but which has been overused to the point where it has become almost meaningless.

ENTREPRENEURIAL SURVIVAL Essay Example | Topics and Well Written Essays - 750 words

ENTREPRENEURIAL SURVIVAL - Essay Example As a result of this, the paper focuses on the types of accounts and reports small and medium-sized companies deliver to Company House; showing the deadlines, methods of filing these and the consequences for failure to do the same. There are hundreds of millions of businesses set up each year globally. Starting ones business is always a very exciting experience filled with ambitions and expectations. However, statistics show that out of every 5 businesses set up, 4 will fall in a span of three years. This therefore calls for one to pay attention to the list of options at his disposal and the legal framework involving each and every one of them. This refers to an individual who runs by his/ herself an unincorporated type of business. This is always the easiest option that does not involve much framework. This individual incurs taxes under the system of Inland’s Revenue Assessment with income tax come to after deductions of legitimate expenses incurred by the business and one’s personal allowance. The sole trader is accountable for all the company’s debts and profits. This is a cooperation of at least two individuals solely bound with the shared vision of doing business together. They operate within the boundaries of the Partnership Act of 1890. However, this type of structure does not have its own legal personality hence the partners are to answer for any debts the business incurs. The partnerships agreement covers for: Incorporating what the business per takes of blows a new breath into the whole scene as the business is now viewed as legal person different from the directors. The profits and losses incurred are only limited to the company and it too has its obligations. This therefore means that upon the exit of the management or the shareholders, the company does not cease to be. This is also known as a limited â€Å"company†. A limited company has a higher probability of incurring less tax compared to the other types of companies.

Nonconsequensialists and Consequensialists Essay

Nonconsequensialists and Consequensialists - Essay Example As in consequentialism, a consequentialist may argue that lying is wrong, and the reason he or she will gave is that it generates negative consequences or the results. But a consequentialist might allow this in some foreseeable consequences, and where lie is good enough, so people can lie in those situations. On the other hand a deontologist may argue that lying is always wrong, no matter what good it can bring to the liar. They will never allow this in any situation or the circumstances. G. E. M Anscombe, in 1958, came up with the term consequentilism first time in her essay "Modern Moral Philosophy". In her essay, she expressed what she thought as the major error of some moral theories, for example by Mill and Sidgwick. 1 The term, consequentilism became popular further and many authors used it in their writings. The ethical theories are sorted into two groups, one theory is regarding the wrong and right actions, and this is called consequentialist theory. The other theory is non-consequentialist theory; utilitarianism is an example of consequentialist theory. And that judgment in consequentiatlist theory is done by the rightness ad wrongness of any action and also the results of those acts. ... On the other hand, the non-consequentialist theory in ethics concludes the right or wrong acts not on the base of consequences but on their properties and attributes. Libertarians support this theory and believe that people should be free to do whatever they want to. If someone's action is hurting or harming other people than it does not mean that people should stop doing things on their own will. They should do what ever they want to but they should respect the privacy and freedom of others too, but should not hold back their actions only because of people. The major difference between consequentialist and non-consequentialist is the judgment of action and in consequentialist theory; the final conclusion is based upon the consequences and results whereas in non-consequentialists theory, it checks the nature of the action. What happens normally is that non-consequentialists limit the scope and range of facts, which should be reviewed to perform the right action. Non-consequentialists try to ignore the consequences, which is not actually possible and can create a lot of problems in future. So the non-consequentialist theory limits the range of considerations that could be used in determining the rightness and wrongness of any action. Though it is proved psychologically that the acts by people are limited because of many constraints, for example, time limit, finite processing capacities etc. So non-consequentialist ethics is suitable for the decision procedures, where the empirical restrictions are rationality talked about. Many philosophers agreed that non-consequentialist theory can be successful only after the proper judgment of

Project Motorcycles The Comprehensive Project Plan Assignment

Project Motorcycles The Comprehensive Project Plan - Assignment Example The different engine sizes will also mean different velocity for the audience who will make a purchase according their preferences in speed and use of the motorcycle. Various steps will be put in place to ensure that the motorcycles produced for the company are certified by the concerned government agencies to be safe for public use. The company will be forced to conduct a market research for the product, they will also develop and implement an effective project management strategy and lastly they will look for skilled labor to help in the construction process of the motor cycle. The main aim of the construction and manufacturing of the motorcycles will be to provide consumers with efficient and reliable motorcycles which can serve their different needs both privately and commercially. However, the new kinds of motorcycle that will be produced by the company will not be accepted readily by the audiences, but they will attracted to the unique features that the machine will posses and with time, they the profits proceeds will increase as consumers will be preferring the new kind over the older one. Analyze The Type Of Staff That Your Company Would Need In Order To Make The Manufacturing Switch To Motorcycles With Larger Motors The motorcycles company will need a highly effective staff to enable them make the manufacture switch to motorcycles with larger motors. The staff to be employed buy the company should have the ability to deal with different risk within the company and in the manufacturing process. The staff is expected to deal with risk and uncertainty to allow them makes decisions which may lead to the achievements of set goals. The staff will also be expected to be result oriented. This will involve them demonstrating common sense in situations where they are allowed to make decisions that are capable of solving problems and cutting down the level of risk that would have resulted in the manufacturing process. The staff is also expected to be energetic to deliver their best to the company. Energetic staff is associated with meeting the organizations’ goals and success. The staff to be employed by the company are also expected to have a high growth potential to allow them occupy the various m anagement opportunities that may prevail themselves within the company. Last but not least, the staff is expected to be good team players within the company. This will motivate them to deliver in unison towards the greater good of the company. Lastly, the staff is expected to be multitasking. They should be able to accept new duties assigned to them, therefore, leading to efficiency in the different departments within the organization. Prepare Four (4) Team-Building Strategies For Handling The Newly Formed Team. Discuss The Manner In Which The Strategies That You Have Prepared May Positively Or Negatively Affect Productivity Within The Company The company will come up with the following team-building strategies for their newly formed staff employed by

Comapre and contrast maslow needs hierarchy and equity theory, also Essay

Comapre and contrast maslow needs hierarchy and equity theory, also evaluate why organizational studies are important in contemp - Essay Example Maslow’s hierarchies of needs starts with physiological needs, safety needs, belongingness needs, esteem needs and ultimately self-actualization needs (Brown, 2007). According to the theory, the management will motivate the employees through enabling them achieve their needs according to the order. The lower-order needs include safety, social needs and job security while the higher-order needs include recognition, self-esteem and self-actualisation attained through personal and professional growth. On the other hand, equity theory of motivation asserts that employees are motivated if they perceive that they are treated fairly (Knights & Willmott, 2007). Equity theory involves the perceptions of outcomes of performing the duties such as the salary levels, the perceptions of inputs and reference person that enables the employee to compare the outcomes and inputs in order to determine whether the existing job is equitable or inequitable. The employees will respond to perceived in equities by changing the work inputs, changing the situation or demanding more rewards. In this case, overpaid employees will experience feelings of guilt while underpaid employees will experience anger (Brown, 2007). ... ory aims at enabling the management to identity the needs of employees in order to ensure their perceived job outcomes are aligned with the inputs (Knights & Willmott, 2007). Question 2 Organizational studies are important in contemporary business since the competitive edge of the business depends on the quality of people skills, structure, and social relations in the organisation (Smith, 1992). The studies examine how individuals and groups within the organisation construct processes and structures and how these structures and processes ultimately motivate employees towards high achievement. Organizational studies identify managerial and leadership approaches that fosters interpersonal relationships and contribute to high job satisfaction in the workplace (Brown, 2007). These studies enable business managers to articulate the mission, shared vision and strategy to the employees in all communications (Martin, 2001). Contemporary business environment is characterized by frequent chang es in external environment variables such as new technologies, new legislations and shifts in consumption patterns thus organizational studies will enable the managers to align their business vision and strategy to these changes. In this case, managers will be capable of collecting market intelligence information and outlining competitive strategies that aim at attaining the overall business vision (Cole, 2004). Accordingly, the studies will motivate employees through ensuring proper leadership styles that aim at ensuring team work and improving the individual employee performance (Smith, 1992). In this case, modern business must implement transformational leadership practices that consider the unique needs of each employee and that aim at inspiring the efforts of employees towards

Discuss the major problem involoved in the develpoment of anticancer Essay

Discuss the major problem involoved in the develpoment of anticancer agents today include in ur answer some discussion what step might be taken to get around so - Essay Example Surgical treatment involves surgical excision of a tumor or an entire organ but the propensity of cancer cells to microscopically metastases makes it effective only in localized small cancers such as breast and prostate tumors. Radiation therapy can come in the form of radiotherapy, X-ray therapy and irradiation and uses ionizing radiation to kill cancer cells. Chemotherapy involves the treatment of cancer with cytotoxic drugs that can have many effects specifically geared towards the elimination of cancer cells. One of the effects of the drugs is to interfere with cell division by hindering the duplication of DNA and the separation of chromosomes. The anticancer drugs travel through the bloodstream making it useful for cancers that have spread. Monoclonal antibody therapy involves the administration of antibodies that bind to a protein on the surface of the cancer cells. Cancer treatment depends on factors such as location, degree of severity, grade of tumor and the general state of the patient. In essence, the goal of cancer treatment is to remove or destroy the malignant cells without excessive damage to the body. This is easier said than done. Indeed, the treatments mentioned are far from being the panacea for cancer as they are severely limited not only by financial challenges but also of scientific obstacles that makes it very hard for scientists to make a breakthrough in the field of cancer research. The aim of this paper is to determine the challenges facing the development of a cure of cancer. While a discussion on financial constraints would be provided, I will be focusing more on the theoretical and scientific aspects that inhibit the development of cancer cure. Possible solutions for overcoming developing cancer cure that are based on studies will then be discussed and explored to determine the principles of how it would work. 2.0 The Current State of Cancer Research 2.1 Development Processes in Clinical Studies Developing a new drug is an expensive, time-consuming process that usually takes ten years to push through. Development and determination of effectiveness of possible cancer treatment usually comes in the form clinical trials. Clinicaltrials areresearch studies wherein the treatment is applied to human patients to determine if it is effective. Regulating bodies such as the Food and Drug Administration (FDA) oversee medical and ethical panels that review the research methods and ethics of the clinical trial to be undertaken and monitor the trial phases. The standard phases are the following (Coleman, 1998): Synthesis and Purification (1st and 2nd year) - researchers identify a substance that may be useful as a drug. Animal Testing (1st and 2nd year) - the substance is tested on animals to obtain preliminary information on whether the drug is safe and how it is metabolized in the body. Phase 1 Clinical trials (3rd year) - patients who have advanced cancer and are not helped by any other known treatments are recruited for the trial. They would be subjected to an analysis for the best dosage and delivery method of a new drug treatment. Phase 2 Clinical trials (4th and 5th year) - the drug is tested with groups of patients each having a different type of cancer. This is done to determine what types of cancer can the

Organizational Buyer Behavior and Buyer-Seller Relationships Essay Example for Free

Organizational Buyer Behavior and Buyer-Seller Relationships Essay Business to business marketing also known as Industrial marketing is the marketing of goods services to organizations including commercial enterprises, government and other profit non-profit institutions for use in the goods services they in turn produce for resale to other customers or to facilitate the operation of their enterprise (Reeder, Brierty, 2002). Business to business market is characterized by few customers who buy in very large quantities and are geographically concentrated. The customers are professional and rational in their purchase approach. The nature of demand is derived demand, which is usually customized. The channels of distribution are shorter and there is more emphasis on personal face-to-face communication. In this era of globalization the business environment is characterized by intense competition. To sustain and grow in such a competitive economic environment, business organizations are under tremendous pressure to manufacture a product or provide a service that is of optimum quality, is customized to individual customer requirements and is delivered on time at minimum possible price. The role of the suppliers is crucial in helping the business organizations to achieve this objective. To succeed and grow in such business to business markets business marketers need to understand the Business Buyer Behavior and evolve close, enduring and long-term relationships. Business Buyer Behavior Understanding the dynamics of business buying behavior including the organizational buying process, the types of buying situations, forces influencing the organization buyer behavior, the composition of the buying center and the motives and the roles played by each member of the buying center is crucial for business marketers to identify profitable market segments, locate the various buying influences within these segments and reaching these buyers efficiently and effectively with product or service offerings that satisfy their needs. The Organizational Buying Process The organizational buying behavior is a process rather than an isolated program. It involves comprehensive phases or stages. The process begins with the recognition of a need for a product or service by someone in the company. Broad parameters for the desired product/service are then worked out. Detailed specifications and description for the desired product or service are developed. Once the company has defined the product /service it needs then the search for potential suppliers who can meet the needs begins, alternative suppliers are identified, asked to submit their proposals and the proposals analyzed. The short-listed suppliers are invited for negotiations and the final suppliers are selected. The order is then placed with the selected suppliers on the agreed terms. Finally the performance of the firms supplying the required products/ services is reviewed periodically. The buying process stage of the potential buyer for the seller’s product or service will have a major implication on the marketing approach to be adopted by the seller. Types of Buying Situations There are basically three major types of buying situations, namely the straight rebuy, modified rebuy and new-task buy. In a straight rebuy situation the buyer reorders a product or service without any modifications on a routine basis through the purchase department. In a modified rebuy situation the buyer may wish a modification in product/service specifications, prices, terms of supply etc. This situation usually involves more number of participants in the buying decision process. In a new task buying situation the company is buying a product or service for the first time. In such a situation the organization buying process is more complex and involves many more number of participants from different departments in the organization. The buying company also needs to decide on the product/service specifications, prices, delivery terms, order quantities, service terms etc. Forces Influencing Business Buying Behavior The organization buying behavior is influenced by environmental forces like changes in the domestic and global economy and changes in the technologies. The rapid strides made in information technology especially Internet technology has had a major influence in the way businesses buy. For example most of the small and large business organizations buy computer systems from Dell through its well developed website www. ell. com. Organization buying behavior is also influenced by the organizational forces like centralization and decentralization of purchase and strategic role and priorities of purchase prevalent in the given organization. The group forces influencing behavior include the composition, motives and the roles played by each member of the buying center. Buying Center It is the decision-making uni t of a buying organization and comprises of all members of the organization who are involved in the buying decision process. The members of the buying center will change depending on the product/service being purchased and the buying situation in which it is being purchased. The buying center members may play any one or a combination of the five roles namely, users, influencers, buyers, deciders and gatekeepers. Users are the members who will actually use the product being offered. Influencers are members who influence the purchase. Buyers are members who have the formal authority to make the purchase. Deciders are members who have formal or informal power to select/approve the final suppliers. Gatekeepers are members who control the flow of information from the seller to other members of the buying center. The buying motives/objectives of each member of the buying center through which the members evaluate potential suppliers may differ. The motives may include task oriented objectives such as price, quality, service and Return on Investment and non-task oriented objectives such as recognition, promotion, increments and job security. Companies involved in business to business marketing need to clearly identify the buying situation, the stage or the phase in the buying decision making process for the product being offered, the various forces influencing the buying organizations behavior, the composition of the buying center, the role played by each member of the buying center and the criteria on which they evaluate the suppliers for each individual customer. Based on such an understanding they should evolve suitable marketing strategies for success. For example Unilever the British FMCG major may need new high-speed packaging equipment for its innovation in detergent ‘small mighty’. Companies in the business of packaging equipment need to understand that it is a new task buy situation for Unilever. And the company may be in the need identification stage of the buying process. They need to have closer relationship with the members from different functional areas like operations, engineering, design, finance and purchase who may comprise the buying center, understand the motives of purchase and the role played by each member. This is crucial because each of this buyer behavior characteristic will have an implication on the buying decision process at Unilever. This will help the supplier to evolve suitable marketing strategies to be the favoured supplier of Unilever. Relationship emphasis in Business to Business Marketing In the highly competitive environment that is prevalent today, suppliers have evolved into business partners. There is a major emphasis on close and long-term relationships in the business to business markets. To maintain the relationships, business markets must develop an intimate knowledge of the customers and add value to it. Relationship marketing centers on all marketing activities directed towards establishing, developing and maintaining successful exchanges with customers (Morgan, Hunt, 1994). A strong relationship between the buyer and the seller is a win-win situation for both. The seller will have a competitive advantage over his competition and the buyer will have effective business solutions to his problem. The relationships between the buyer and the seller in the business to business setup are positioned on a spectrum with transactional exchanges on one end and collaborative exchanges at the other extreme with value-added exchanges in the middle. Transactional Exchanges focus on timely exchange of a product/service for a competitive price. Economy and necessity are the main motivational factors of such exchanges with little interest on the part of the buyer or the seller to extend the relationship. Such types of exchanges may be preferred by the buying organization when the purchase decision is not complex, the purchase is considered to be less significant to the achievement of its objectives, many suppliers are available and the supply market is stable. Here the business marketer need not make any specialized investment in building relationships. For example the supply of office stationery and cleaning services may call for a transactional relationship. Value added exchanges focus on complete understanding of the present and future needs of the customer and meeting those needs better than the competitor by customizing the firm’s offerings to the needs of individual customers. For example Intel Corporation, a leading player in the semiconductor industry has understood the changing computer server needs of it corporate clients and has developed and introduced a new chip that lowers electricity consumption to a very great extent. This has drastically reduced the huge electricity bills of its customers like Google Corporation that maintain thousands of servers world wide (Edwards, 2006) Collaborative Exchanges focus on building a strong social, economic, service and technical ties over a long period of time for mutual benefit through reduced costs and increased value. Such exchanges are very crucial when the market is very dynamic, the complexity of purchase is very high and the product/service being purchased is very crucial for the performance of the end product of the buying organization. In such situations the switching costs involved in changing a supplier are also very high for the buying organization. For example Asin is the sole supplier to the Japanese car manufacturing major Toyota Motors for â€Å"p-valve†, a critical brake part used in all Toyota vehicles worldwide. Aisin works in very close collaboration with Toyota Motors and is highly involved in the product development process at Toyota Motors to keep pace with the innovations being made in the Toyota vehicles and meet the JIT production requirements of Toyota (Liker, 2004). Business Marketers have some flexibility in deciding where to participate along the relationship continuum. It basically depends on the characteristics of the market, the type and price of product/service being offered and the significance of product/service being offered to the buying organization. However rival companies are continuously working towards taking away the best accounts and so also the requirements, expectations and the preferences of the individual customers keeps changing continuously. To meet these challenges business marketers must develop mutually beneficial relationships with individual customers by developing a deep understanding of their needs. Information should be openly shared to benefit both the buyer and the seller. The systems, procedures, and routines of the buyer and seller should be connected to facilitate operations. There should be very good cooperation between the buyer and seller and both should treat the buying situations as joint responsibilities. Both the buyer and seller should invest in processes and procedures that are necessary to meet the specific needs of the exchange partners. Such mutually beneficial relationships between the buyer and the seller will result in better service to the business customer as the seller will be able to provide customized product/service solutions that precisely meet the individual customer needs. Conclusion Business to business markets are growing in volume as compared to consumer markets. The characteristics of the Business to business markets call for closer buyer seller relationships. Companies operating in the Business to business markets should clearly study the organizational buyer behavior with respect to the product or service they offer. They should decide on the type of relationship, ranging from transactional exchange to collaborative exchange, which they should adopt with each customer to gain competitive advantage in the intensively competitive business environment.

Cross Cultural Studies Essay Example for Free

Cross Cultural Studies Essay Beauty, is anything that appeals, and is incorporated in current fads and trends of the area. Its features drastically vary across the globe where antagonizing manners are adopted. Obesity is such an example, where in the west, obesity is shunned, and admonished, and on the contrary, in the African countries, obesity lures and is considered to be a blessing, exhibiting richness. Beauty may be skin deep, but there are cases when such becomes a paradox. Obesity is not just about the weight, or the physical and genetic rationalities we can derive from it. Obesity can also be derived from its psychological roots. What is obesity and how it affects the reputation, personality, or even the attitude towards it varies across cultures as mentioned earlier. In this paper, obesity is seen as good and wanted physiological trait, compared with as a social cancer plaguing the health in most Western countries. RESEARCH FINDINGS Norimitsu Onish (2001), in his article entitled, ‘On the scale of Beauty, weight weights heavily’, has explained in a formidable manner the craze obesity has amongst teenage girls in Nigeria. He has depicted the ways ladies will employ to go beyond their means so as to become fat, and conducts market surveys determining which types of steroids, pills or chemicals they would use. The paper explains how obese women are idealized and looked up onto. Onish indicates that women would tend to consume harmful chemical to gain fatty tissues, and have become so obsessed with becoming fat, that they would go to ‘fattening farms’ and get massaged weeks before their weddings. Likewise, some of the poorer women would consume animal feed in order to get fat and become attractive, as they cannot afford the rich foods. Historically, fleshy African women were considered well endowed financially, because they can afford food, are healthy and fertile. Women in African culture are revered to as the food provider, the one who plants and supplies food in the community. A fleshy African woman connotes someone from an affluent family or perhaps a potential good provider for her family. The heavy African woman was valued and held in high esteem. However, it is important to note that African women labored diligently, working sun up to sun down, and their laborious tasks were not conducive to being big. The arduous work kept African women basically on the thin side (Johnson and Broadnax, 2003). STRATIFICATION: Stratification is an integral part of a community and society that occurs due to a division in the classes which is determined by the economic situation of the household or community. This horizontal stratum is also prevalent among some countries which have a male dominant society, on the pretext of religion. This has been depicted in Onish’s article, where obese women are a status symbol, exhibiting their resources, and that they belong to well to do families, compromising their health in this way. A very good example is quoted explaining how a girl since the age of 11 years, was forced to become obese on the pretext of getting a ‘good match’, and now she suffers from hip dislocation, and bone disorders, as it has become difficult to carry herself around. Culturally, being large was not customary. In the African view, women who are fleshy, had hips, and a voluptuous body are the women to marry. Body size was also perceived to make them excellent mothers. African women who are large have more adipose tissue, and were perceived to carry a fetus to full term and suspend for some time the effects of starvation should there be scarcity of food (Johnson and Broadnax, 2003). In a class lecture by Mead back in 1974, culture was defined as the transmission of values and behaviors and concepts. It is the way one eats, the way one walks, and the way one raises a child. In Africa, the cultural level was subtle for little girls to learn that African men and families values large women and was highly acceptable. But being voluptuous was deemed in a different way when slaves were transported to the new world. African women then were viewed and even designated to be breeders and has a duty to give birth as many times as her owner wants to. Alex Haley documented this in his book by relating how large African women beats slave children and hands them to a slave owner as a sexual prize (Johnson and Broadnax, 2003). In another article, ‘Culture: A sociological view’, Becker (Becker, 1982) explains the significance of culture in a society and how it is regularly modified in order to meet the modern fashion and fad. Culture is being regularly changed, and newer versions of principles and practices are adopted. Likewise, stratification in terms of race and gender is also now being diluted, as a sense of equality is prevalent within most of the societies across the globe. A society is organized by its cultural values, which is the essence to its development, and thus although newer concepts are adopted, older principles should not be ignored and should be passed onto generations in order to preserve a society’s cultural heritage. The gradual changes in society together with the culture in which one grows takes generations. There are a few and core cultural traits which are passed on from one generation to another, preserved in families, despite the many changes that are constantly happening. In the sociological context, this also reflects how society influences the individual’s views and perceptions with the many changes happening around him/her. At some point, the person knows what his culture is inherently, but also adjusts to fit in and cope up with the many cultural changes in our societies. CROSS CULTURAL STUDIES: Cross cultural studies was a very interesting subject that depicts the various anthropologies around the globe. The primary essence in this study is an element of tolerance which various ethnic groups have to incur so as to accommodate and intermingle with various cultural set ups. A united stand in which people from entirely different cultures will team up and constructive serve towards the progress and development of a society is prevalent in most countries. A good example is depicted by the people of Malaysia, in which various ethnic groups coexist and play their respective roles in order to make Malaysia one of the most rapidly developed nation in the past decade, and it is now a role model for others to follow. Hinduism, Islam, Christianity and Buddhism coexist and temples are built right next to mosques and churches, where people go shoulder to shoulder to preach in tolerance and harmony. The same can be derived when slaves where transported to the New World. As African women became sexual prizes to their owners, some Westerner has fathered a child, and bore an African-American child. In the existing culture, being thin is in. Bulimia and anorexia has become an epidemic amongst teens and younger women because of the images of thin women being cultivated in the new society. The cross cultural examination between how women in Africa in comparison with African-American women view obesity is different and is a reflection of how views and perception change over time and across cultures. CONCLUSION: Culture differ across the globe, meeting the geographical requirements of a region, these can vary and be contrary, like the case of obesity, which is endeavored by some, and admonished by other societies, like the westerners. Likewise, cultural set ups are modified and changed in order to meet modern day requirements, and simultaneously maintaining and preserving the ancient cultural values that have been passed on. Similarly, cross cultural set ups also do exist, and various ethnic groups coexist and serve proactively for the development and progress of nations, thus exhibiting discipline, unity and tolerance. REFERENCES: Becker H. (1982) Culture: A Sociological View, Yale Review, September 2, , 71:513-527 Johnson, R. W. and Broadnax, P. A (2003). A perspective on obesity analysis of trend of obesity in African-American women. ABNF Journal. Onish N. (2001) Maradi Journal: On the Scale of Beauty, Weight Weighs Heavily New York Times dated Feb 12

Foreign Direct Investment Determinants Economics Essay

Foreign Direct Investment Determinants Economics Essay This paper provides a research proposal investigating the question of determinants of FDI in the ASEAN and the SAARC. significant relationships and differentials between potential Macro-economic, country specific and Transnational company specific determinants of Foreign Direct Investment in the ASEAN (Indonesia, Malaysia, the Philippines, Singapore, Vietnam and Thailand) and select SAARC countries (Sri Lanka and India) using data sets from 1990-2011 are identified. The paper ascertained all objectives of the study and conducted a literature review where 32 variables and 32 hypotheses were identified to test the research question. The proposal was critically centred on research design and research method but also the research conducted time frames, weaknesses and bibliographic references which are to be proposed for future research in to the authors research topic. Finding of the study are to be conducted as per the time frame. Furthermore the Author provides definitions of all varia bles in the annexure 2. Or Abstract This study aims at analyzing the determinants of foreign direct investment inflows for a group of European regions. The originality of this approach lies in the use of disaggregated regional data. First, we develop a qualitative description of our database and discuss the importance of the macroeconomic determinants in attracting FDI. Then, we provide an econometric exercise to identify the potential determinants of FDI inflows. In spite of choosing regions presenting economic similarities, we show that regional FDI inflows rely on a combination of factors that differs from one region to another. Design/Methodology/Approach A mixed method approach to research is conducted gathering secondary data from the World Bank Statistics, International Financial Statistics (IFS) of the International Monetary Fund (IMF) and the Global Market Information Database (GMID). Global Market Information Database (GMID), the database of Department of Statistics for each country (Malaysia, Indonesia, Thailand, Singapore and Philippines) and the Bloomberg database. Central bank annual reports of all countries. Furthermore primary data analysis will be conducted post testing where interviews with specialists in the field of Finance and economics will help make meaning to the results. The paper proposes to use a multiple regression analysis method where robustness of results and hypothesis are proven/disproven using ANOVA, Correlations and Model significance. This data will be tested using various statistical packages such as SPPS and visually will be shown to the reader via MS project. Then based on the variables ascertained from literature the hypothesis will be proven or disproven. Furthermore to stimulate the interest of the reader the data will be displayed as much as possible in the research report stage using graphical software such as MS project, Microsoft visio, Mind Mapping software and Matlab. Findings: The following paper is a research proposal and no findings have been ascertained. Research limitations and implications: Certain variables lacked time series data and may prove to have some level of significance on FDI. Certain countries did not have the required data to test Hypothesis. Practical Implications: The finding will be a guideline so that policy planners in emerging markets can use prior to making any type of investment decision related to the markets concerned. Also the paper after the finding will have section on the lessons learnt for each country or region in terms of FDI and it will be catalyst paper for future research and academia. Originality/value The paper extends and expands the knowledge of international capital flows and provides a more nuanced understanding of the importance of internal market dynamism in attracting FDI in the ASEAN and SAARC. Paper type: Research Chapter 1: Introduction 1.0 Background One of the remarkable features of globalization in the 1990s was the flow of private capital in the form of foreign direct investment. FDI is an important source of development financing, and contributes to productivity gains by providing new investment, better technology, management expertise and export markets (Sahoor, 2004). Domestic investment still accounts for the majority of the total investment in developing economies. Foreign investment can only complement this. However, each form of foreign investment plays a distinct and important role in promoting growth and sustainable development, boosting countries competitiveness, generating employment, and reducing social and income disparities. Non-FDI flows may work either in association with FDI, or separately from it. As no single type of flow alone can meet investment needs, it is vital to leverage their combinations to maximize their development impact (UNCTRAD, 2011) Foreign investors are also expected to transfer intangible a ssets such as technology and managerial skills to the host country and provide a source of new technologies, processors, products, organizational technologies and management skills as a strong impetus to economic development (Dr Catherine S.F. et .al, 2011) As per the Ernst young report six factors will shape our world including, Emerging markets increase their global power, Cleantech becomes a competitive advantage, Global banking seeks recovery through transformation, Governments enhance ties with the private sector, Rapid technology innovation creates a smart, mobile world and Demographic shifts transform the global workforce. If we Identify the key emerging markets globally as per a study conducted by Ernst and Young suggests Estimates show that 70% of world growth over the next few years will come from emerging markets, with China and India accounting for 40% of that growth. Adjusted for variations in purchasing power parity, the ascent of emerging markets is even more impressive: the International Monetary Fund (IMF) forecasts that the total GDP of emerging markets could overtake that of the developed economies as early as 2014 also other emerging markets were identified such as . The emerging markets already attract almost 50% o f foreign direct investment (FDI) global inflows and account for 25% of FDI outflows. In fact the largest The brightest spots for FDI continue to be Africa, the Middle East, and Brazil, Russia, India and China (the BRICs), with Asian markets(Thailand, Indonesia, Malaysia, the Philippines, Singapore and Thailand) of particular interest at the moment. By 2020, the BRICs are expected to account for nearly 50% of all global GDP growth (Ernst Young,2011). In fact from the top 20 FDI inflow host countries as depicted in figure 3 China, Hong Kong, Singapore, India and Indonesia are among the top recipients in the world. In fact as per the UNCTADs World Investment Prospectus Survey(WIPS) confirms that developing and transition economies are becoming important investors, and this trend Is likely to continue in the near future (UNCTAD, 2011) Therefore Securing a strong base in these countries will be critical for investors seeking growth beyond them (Ernst Young, 2011). As depicted below in figure 2 shows the FDI inflows both global and group of economies, and it is estimated that in 2014 share of GDP growth in developing countries will surpass that of developed cuntries as shows bellow in figure 2, furthermore as Krugell, 2009 Suggets The spatial distribution of FDI depends firstly on interregional differences in factor and resource endowments. When foreign firms can choose between different regions, cities or towns, they locate in favourably endowed places. Investors also prefer to locate where other firms cluster together. Agglomeration creates a large local market and ensures diverse intermediate inputs and a thick labour market. This generates positive externalities which reduce costs and increase competitiveness and hence attracts investors. . Figure 1 : Top 20, Host recipients of FDI (Source: UNCTAD, based on annex table I.1 and the FDI/TNC database (www.unctad.org/fdistatistics). a Ranked on the basis of the magnitude of 2010 FDI inflows. Note: The number in bracket after the name of the country refers to the ranking in 2009. British Virgin Islands, which ranked 12th in 2010, is excluded from the list) Figure 2: World GDP forecast (World Economic Outlook, Business Source Monitor, 2010) To secure strong base as advised by Ernst Young for investors require an understanding on the history, policy, trends, important lessons learnt from a global context with an emphasis in the South, East and South East Asian regions to understand its investment environment prior to understanding FDI determinants, which will be covered in section 1 of the report. Then the essay will conduct a literature review looking at various benchmark indices that measure FDI performance together with other literature which will help in understanding the location or regional FDI determinant factors at a country specific and regional level. Then the determinants will be tested by model creation for its significance by using data from a variety of reputed sources and testing panel data using OLS regression and a unit root equation using panel data from 1xxx-2010. Then the findings will be done both for a country specific angle and at a regional level. Then a TOPSIS analysis will be conducted to see i f FDI promotes competitiveness. Then the findings will be interpreted and finally the dissertation will be concluded with some considerations for investors/Policy Makers. 1.0.1 History, policy, Trends and Lessons learnt through Global FDI and FDI in the ASEAN and SAARC 1.0.1.1 Global trends and directions in FDI As stimulus packages and other public fiscal policies fade, sustained economic development fade, sustained economic recovery becomes more dependent on private investment, at present Trans National Corporations (TNC) have taken a customary role as private investors (UNCTRAD, 2011). Global FDI rose to $ 1.24 Billion in 2010 from $1.185 Billion, but were 15% below pre-crisis averages. This in contrast global industrial output and trade, which were back to pre-crisis levels. UNCTAD estimates that Global FDI, will recover to pre-crisis level in 2011, increasingly to $1.4 Trillion-1.6 Trillion, approaching its 2007 peak(as per UNCTAD econometric model), this is baring any global economic shocks, that may arise due to a number of risk factors (UNCTRAD, 2011) risk factors especially for TNCs have become critical as unpredictability of global economic governance, possible widespread sovereign debt crisis, fiscal financial sector imbalances, rising inflation, apparent signs of overheating cer tain economies; might derail global FDI. Therefore investors have changed there preferences as the global FDI trends depict below: Developing (including ASEAN and SAARC) and transition economies contributed more than half(52%) of Global FDI flows while its outward flows were also the highest, while intra-regional flows of FDI between developing countries plus TNC were also high. Figure 3 depicts the transition of FDI flows over 3 decades from developed to developing and transition economies (UNCTRAD, 2011). TNC are actively in those countries due to its cost effectiveness and to remain competitive in the global production networks and also since the consumption patterns in the world are shifting (UNCTAD, 2011). 52% to developed and transition countries figure 3: World FDI inflows, global and by group of economies(Source: UNCTAD, based on annex table I.1 and the FDI/TNC database (www.unctad.org/fdistatistics) In the South, East and South East Asia inflows rose in the region by 24% in 2010, reaching $300 Bn, as a result of economic growth, good macro-economic fundamentals and higher commodity prices spurred FDI, figure 4 depicts FDI inflows to the developing economies in the region and it is clear that most FDI flows are flowing to South, East and South East Asia. Figure 4: FDi inflows to developing and transition economies, by region, average of 2005-2007 and 2008 to 2010 (Source: UNCTAD, FDI/TNC database (www.unctad.org/fdistatistics). International production expansion in foreign sales, assets and employment TNCs account for 1/10 of global GDP and 1/3 of world exports. TNC contribute largely as global presence sustains price advantage, cost effectiveness and make them remain competitive with global production networks. Furthermore state owned TNCs account(650 in number) with its affiliate network (8500 in number), their outward investments account for 11% of global FDI flows. Therefore the governance of state owned TNCs have raised concerns of late, the level playing field, national security, regulatory implications for international expansion becomes important for these companies. Understanding their incentives for capital flows is important to understand FDI flows. In 2010, 70% projects(Cross border merger and acquisition (MA) and Greenfield FDI projects) from these were invested in these regions. Mainly FDIs were inherited by BRIC countries in which China and India have gained ground In recent years following rapid economic development in home countries, abundant financial resources are strong motivations to acquire resources and strategic assets abroad. Infact Chinese and Indian companies saw large capital investment beyond their own regions. In fact in 2010, there were seven mega deals(12% of the total inward FDI came from these deals as shown below in table 1 in appendix 2 of this report were done by Chinese companies mainly to the Latin American Region. TNC ROI on FDI is approximately 7.3%, where leverage has shown decline, as proxy by outward FDI stock over foreign assets. Sales over foreign affiliates increased by 9.1%, reflecting strong revenue in developing and transition economies, employment continued to expand, as efficiency seeking investments increased. A new recent development is that TNCs account for nearly 80% of global FDI and TNCs are in the developing world account for 70% of global FDI flows. Strong profits of TNCs in emerging markets were incentives for further investments. Infact 100 of the largest TNC companies of Anglo-American origins gained 93% of their profits from these economies, this includes high EBIT positions for Coca-Cola, Toyota Motor, Unilever, SABMiller, Nestle, Barrick gold, Holcim, British American Tobacco, Nissan Motor, BASF, Honda Motor and Bayer. Even state owned TNCs became important to global FDI contributing largely to global FDI inflows and outflows, the 15 largest state owned TNCs account for large chunk of global FDI. Geographically 56% of State owned TNCs are located in China (50), Malaysia (50) and India (20) are among some top participants. Among them include Volkvagen group, GDF suez, General Motors, CITI group, Tata steel to just name a few. If we consider FDI by sector wise classification, FDI towards manufacturing sector increased while services and primary sector saw declines. Within manufacturing business cycle sensitive industries such as metal and metal products, electronics and wood products saw declines while chemicals, food, beverages tobacco, textile, automobiles showed rapid increases in emerging economies. In fact manufacturing related FDI rose to 23% in 2009 to $554 Billion, this as seen made TNCs more receptive to restructuring in to more profitable and productive units FDI in the primary sector decreased in 2010 despite growing demand for raw materials and energy resources, and high commodity prices. FDI projects (including cross-border MA and Greenfield investments) amounted to $254 billion in 2010, raising the share of the primary sector to 22 per cent, up from 14 per cent in the pre-crisis period(UNCTAD, 2011). Natural resource-based companies with sound financial positions, mainly from developing and transition economies, made some large acquisitions in the primary sector. Examples include the purchase of Repsol (Brazil) by Chinas Sinopec Group for $7 billion, and the purchase of the Carabobo block in the Bolivarian Republic of Venezuela by a group of investors from India for $4.8 billion. The value of FDI projects in the services sector continued to decline sharply in 2010, with respect to both 2009 and the pre-crisis level of activity. All main service industries (business services, finance, transport and communications and utilities) fell, although at different speeds(UNCTAD, 2011). Business services declined by 8 per cent compared to the precrisis level, as TNCs are outsourcing a growing share of their business support functions to external providers, seeking to cut internal costs by externalizing non-core business activities Transportation and telecommunication services suffered equally in 2010 as the industrys restructuring is more or less completed after the round of large MA deals before the crisis particularly in developed countries (UNCTAD, 2011). Figure 5 depicts the breakdown of Sectoral distribution of FDI projects during the 2009-2010 period. Figure 5: Sectoral Distribution of FDI projects (Source: UNCTAD. a Comprises cross-border MAs and Greenfield investments. The latter refers to the estimated amounts of capital investment.) In terms of mode of entry Greenfield investment has become much larger that cross-border M A, however TNCs. Recovery of FDI flows in 2011 reliant on the rise of both Greenfield and MA. as depicted in figure 6 MA and Greenfield projects have increased by 36% to $ 339 Bn as a result of higher stock prices increased the purchasing power of investors to invest abroad, the higher the values of corporate assets in 2010 raised the leverage of investors to undertake MA by using shares in part payment. At the same time the ongoing corporate and industrial restructuring is creating new oppertunies for for cash rich TNCs including those from emerging markets. However the total project value of Greenfield Investments over MA is not surprising as varying conditionality has tilted the favor towards Greenfield projects Figure 6: Greenfield Vs Mergers and Acquisitions (Source: UNCTAD, based on UNCTAD cross-border MA database and information from the Financial Times Ltd, FDI Markets (www.fDimarkets.com). Note: Data for value of Greenfield FDI projects refer to estimated amounts of capital investment. If we consider FDI by component; reinvested earnings grew fast, while equity capital investments and intra-company loans declined, cash reserves of foreign affiliates grew substantially. For example the profits to sales ratio of the United States SP 500 firms, Japanese Firms, Korean firms and developing country firms rose in 2010. However the rise in reinvested earning brought a decline in equity capital, intra-company loans declined as loans were paid back and capital was held for future investments. Given the fact the foreign affiliates hold large retained earnings on their balance sheet, repatriation to their parents become important role in determining the investment flows. Here government policymakers need to take steps. FDI flows in developing economies and transition economies should be treated with caution due to containing some short-term volatile flows, hot money, stabilization of capital flows represents an important challenge to many developing countries. As private foreign capital flows-portfolio investment, bank loans and FDI all contribute to development. But due to the nature of the crisis, official development assistance (ODA) is less prone to fluctuations and is as important to developing countries. But there effectiveness has been questioned on actual development. Private equity sponsored FDI has regained momentum, although it fell of its pre-crisis level. It is directed more towards developing and transition economies as secondary buyouts and smaller acquisitions. Sovereign Wealth Funds FDI declined substantially because of severely reduced investment from the Gulf region. However its long term potential as a source of investment remains. Poorest countries saw declines in FDI flows such as landlocked countries, small island developing countries or certain regions in south Asia. (UNCTRAD, 2011) Figure 5: FDI inflows by component (Source: UNCTAD, based on data from FDI/TNC database (www/unctad.org/fdistatistics). a Based on 106 countries that account for 85 per cent of total FDI inflows during the period 2007-2010. 1.0.1.2 Policy reform in terms of FDI and Macro-economic reform in East, South, South-East Asia The Peoples Republic of China (PRC) and East/Southeast Asian countries have made rapid enhancement in their macroeconomic situations, investment, exports and employment over the decade of 1980s and 1990s through the use of large amounts of Foreign Direct Investment. Similarly private capital, which was long seen with concern and suspicion, is now regarded as source of investment and economic growth in South Asia. Like other developing countries, South Asian economies focus their investment incentives exclusively on foreign firms. Over the last twenty years, market reforms, trade liberalization and intense competition for FDI have led to reduced restrictions on foreign investment and expanded the scope for FDI in most sectors. However, the South Asian countries have been largely unsuccessful in attracting FDI. These countries, jointly and also individually, receive low FDI compared to PRC, Brazil, Singapore and other East/Southeast Asian countries. South Asia received the smallest FDI flows among developing Asian countries, accounting for around 3 percent of the total FDI inflows to developing countries in the region. All the countries in the South Asian region except India have received very little attention and negligible FDI inflows. South Asian policymakers realize that credible efforts for economic reforms in South Asia must involve an upgrading of technology, scale of production and linkages to an increasingly integrated globalise production system chiefly through the participation of Multi National Corporations (MNCs). South Asian countries have many advantages to offer to potential investors, including high and steady economic growth, single-digit inflation, vast domestic markets, a growing number of skilled personnel, an increasing entrepreneurial class and constantly improving financial systems, including expanding capital markets. On top of these advantages, South Asian countries have been designing policies and giving incentives to foreign direct inv estment in several ways (Sahoor, 2006) Till the late 1960s, most of the developing economies, including those of East Asia, adopted closed macroeconomic policies with import substitution industrialization policies, under which self-reliance and indigenous efforts were encouraged. At the same time, a dominant role was assigned to the state in the development process. These import substitution strategies, coupled with the large public sectors, resulted in rent seeking activities and uncompetitive production processes (Bhagawati and Srinivasan, 1975). Therefore, export-led industrialization and liberalization was advocated to make the production process efficient and competitive. Following the export-oriented growth argument (Bhagawati and Srinivasan, 1975 and Kruger, 1975), and the success of East Asian countries with higher exports and economic growth during the period from the early seventies to mid nineties, most of the South Asian countries started opening up their economies from the early eighties. The South Asian econ omies are currently enjoying the benefits of economic reforms, particularly reforms related to trade and investment. These countries undertook reform processes and opened up their economies after having experienced sluggish growth rates throughout the seventies and eighties (Sahoor, 2006 ). Please see appendix 1 for the types of reforms undertaken by SAARC countries. 1.0.1.3 Current trends in the ASEAN and SAARC * to understand the Policy, policy framework or related public institutions for FDI then foreign policy in terms of its automatic routes, government approval, FDI in attractive zones, repatriation of profit, labour regulations applicable to the South, East and South-East Asian Countries have been shown in appendix 1 of this report. à £Ã¢â‚¬ ¡Ã‚ ½Ãƒ §Ã¢â€ž ¢Ã…’à §Ã‚ £Ã‚ »Ãƒâ€œÃ‚ ±Ãƒ ¬Ã…’†º à £Ã¢â‚¬ ¡Ã‚ ½Ãƒ §Ã¢â€ž ¢Ã…’à §Ã‚ £Ã‚ »Ãƒâ€œÃ‚ ±Ãƒ ¬Ã…’†º Figure 6: Various Tables and Graphs (Source UNCTAD, 2011) In 2010, FDI inflows to South, East and South- East Asia increased by 24 per cent, to $300 billion (Figure A of Figure 6). inflows to the ASEAN countries more than doubled; those to China and Hong Kong (China) enjoyed double-digit growth; while those to India, the Republic of Korea and Taiwan Province of China showed decline (table B of figure 6). FDI to ASEAN increased to $79 billion in 2010 breaking 2007s previous record of $76 billion recorded at pre-crisis level times. The boost was driven by large magnitude of FDI inflows to Malaysia (537 per cent), Indonesia (173 per cent) and Singapore (153 per cent) (table A ; annex table I.1). Positive policy at country level fuelled good performance within region, and seem likely to continue to do so: in 2010, Cambodia, Indonesia and the Philippines liberalized more industries; Indonesia improved its FDI-related administrative procedures; and the Philippines strengthened the supportive services for public private partnerships. Singapore the global financial centre and a regional hub of TNC headquarters, has benefited greatly from increasing investment in developing Asia, this accounted for half of ASEANs FDI, recorded record FDI levels of $39 billion in 2010. Due to rising production costs in China, some ASEAN countries, such as Indonesia and Viet Nam, have gained ground as low-cost production locations, especially for low end manufacturing. FDI to East Asia rose to $188 billion, thanks to growing inflows to Hong Kong (China) (32 per cent) and China (11 per cent) (table A). Benefiting greatly from its close economic relationship with mainland China, Hong Kong (China) quickly recovered from the shock of the global financial crisis, and FDI inflows recorded a historic high of $69 billion in 2010. However, inflows to the other two newly industrializing economies, namely the Republic of Korea and Taiwan Province of China, declined by 8 per cent and 11 per cent, respectively. China continues to experience rising wages and production costs, so the widespread offshoring of low-cost manufacturing to that country has been slowing down and divestments are occurring from the coastal areas. Meanwhile China has seen structural transformation shifting FDI inflows towards high technology sectors and services. For instance, FDI in real estate alone accounted for more than 20 per cent of total inflows to China in 2010, and the share was almost 50 per cent in early 2011. Mirroring similar arrangements in some developed countries, China established a joint ministerial committee in 2011 to review the national security implications of certain foreign acquisitions. FDI to South Asia declined to $32 billion, reflecting a 31 per cent slide in inflows to India and a 14 percent drop in Pakistan, the two largest recipients of FDI in the subcontinent. In India, the setback in attracting FDI was partly due to macroeconomic concerns, such as a high current account deficit and inflation, as well as to delays in the approval of large FDI projects;10 these factors are hindering the Indian Governments efforts to boost investment, including the planned $1.5 trillion investment in infrastructure between 2007 and 2017. In contrast, inflows to Bangladesh increased by nearly 30 percent to $913 million; the country is becoming a major low-cost production location in South Asia. Cross-border MAs in the region declined by about 8 per cent to $32 billion in 2010. MAs in manufacturing rose slightly while they declined by 8 per cent in services. Within manufacturing, the value of deals surged in industries such as chemical products ($6.0 billion), motor vehicles ($4.2 billion) and metal products ($1.6 billion), but dropped in industries such as food and beverages ($2.9 billion) and electronics ($920 million) (table D). Greenfield investment remained stable in 2010, after a significant slowdown due to widespread divestments and project cancellations in 2009 (annex table I.8). FDI inflows to East Asia should continue to grow in the near future, and those to South Asia are likely to regain momentum. The competitiveness of South- East Asian countries in low-cost production will be strengthened, and further FDI increases can be expected. Prospects for inflows to the LDCs in the region are promising, thanks to intensified South-South economic cooperation, fortified by surging intraregional FDI. Indeed, countries in the region have made significant progress in their regional economic integration efforts (within Greater China, and between China and ASEAN, for example), which will translate into a more favourable investment climate for intraregional FDI flows. To get a closer picture of the emerging trends in terms of its industrial patterns please refer appendix 2 of this report. (UNCTAD, 2011) 1.2 Problem Statement However despite recent improvements FDI flows have declined in 2012, for the first time Developed nations and nations in transition received more FDI than there Asian counterparts during the recent period which has primarily been as a result of volatility in the markets. The capital surge is exposing developing countries to greater unstability, putting direct pressure on their exchange rate and the low interest rate environment will be hard sustain in the long term (UNCTRAD, 2011). While FDI recovery resumes unevenly, the world wide demand for private productive investment is increasing as public investment, which rescued the global economy from declines in FDI in one country after another. With unsustainable level of debt in many countries, with nervous capital markets, governments must now rein in their deficits and let private investment take over the lead role in generating and supporting recovery. Infact responses by TNCs indicate increasing awareness to invest, and clear priori ty in opportunistic areas but TNCs feel that increased protectionism coupled by regulatory risks have put a brake on capital expenditures. Infact many developed nations require private investment rather than public investment, but TNCs are reluctant to invest due to past FDI performance would seem to warrant(UNCTRAD, 2011). Taking in to consideration the volatility in the markets, TNC investments directed towards the right countries, sectors and the understanding of the current investment environment is pivotal. However current indicies are full of limitations and thus building an index to both understand the current investment environment and reduce the limitations in other indicies is the main problem trying to be solved by this report. 1.3 Objective This study aims to provide an investigation of the determinants significantly affecting FDI flows in to key emerging markets in in East, South and South East Asia. The investigation builds on previous research both from literature conference proceedings and focuses on a variety of determinants including the policy framework of FDI, economic determinants and FDI determinants in relation to business facilitation for FDI. This is a important consideration in the global context for investors. To construct the variables 3 sets of macroeconomic, country specific and transnational company specific determinants of FDI will be used. The empirical assessment will consider econometric models such as Improved Inward FDI Potent