An Analysis Of Shanghai Volkswagen

An Analysis Of Shanghai Volkswagen Shanghai Volkswagen is one of the largest single foreign-invested projects ever conceived in China and has proven to be a successful development. Com- pared with Beijing Jeeps course, the German ventures progress was steady and smooth. In 1997 Shanghai Volkswagen headed the list of the top 500 foreign-funded enterprises operating in China. It is a joint venture between Volkswagen of Germany and Shanghai Automobile Industry Corporation. It posted a 21.3-percent rise in sales of its Santana model for the first seven months of 1997 in comparison to the same period in 1996 and reported a 10- percent increase in net profits for 1997 to 472.6 million renminbi. This will further the ventures reputation as the most successful partnership in Chinas car industry (Woodard 2002, p 39). Volkswagen has an aim as part of its global competition strategy to build up a business base in the Far East that will limit the dominance of Japanese firms. Its strategy is for China to become a big export base for the whole of Southeast Asia. In the year 2003 Volkswagen wants to be able to go to Japan with German-engineered cars that are produced in China. Officially, the company plans to produce nearly 700,000 cars by 2000 (Ball McCulloch 2005, p 77). However, the vision calls for at least a million cars. Shanghai Volkswagen was built on a more solid mutual foundation than the Jeep venture. In October 1984 a joint-venture agreement was signed between Volkswagen AG (VW AG) and a consortium of Chinese partners led by the Shanghai Automotive Industrial Corporation (SAIC), the Bank of China, and the Chinese National Automotive Industrial Corporation (CNAIC). Literature Review The agreement, valued at I billion renminbi, established a twenty-five-year Sino- German partnership with 50-percent equity provided by VW AG, 25 percent by SAIC, 15 percent by the Bank of China, and 10 percent by CNAIC. Initial equity from the partnership was used to finance the renovation of production facilities, to import production lines from Brazil, and to import the Santana completely knocked-down kits (CKDs). The new joint venture was christened Shanghai Volkswagen (Raveed Renforth 2007, p 49). Over the previous five-year period, the Chinese consortium had negotiated with more than eight international automobile manufactures before opting for a partnership with Shanghai Volkswagens German parent. As the second automobile joint venture in China after Beijing Jeep, the joint venture planned to manufacture automobiles and engines and was granted a special tax relief under Chinese guidelines for advanced technology partnerships: a standard two-year tax holiday and a special six- year reduced tax rate exclusive to Shanghai Volkswagen, all in exchange for promised technology transfer (Shanghai Volkswagen Automotive Ltd. 2004, p 23). West German experiences with Socialist East Germany have contributed to an understanding of command economies and their shortcomings (Raveed Renforth 2007, p 48). Therefore, Volkswagen representatives already knew what and how to negotiate with the Chinese partners. The contract they negotiated with the Chinese was notable for attention to detail, and for its ability to predict future difficulties. On one part of the contract, the Germans insisted on the assembly of imported CKD kits (The Economist 1990, p 16). Other parts of the contract also demonstrated Volkswagens foresight. Anticipating the problem of paying for imported kits with Chinese renminbi remittances, the contract allowed Shanghai Volkswagen to convert RMB into German marks at the prevailing official exchange rate until the venture had produced 89,000 cars (Bates et al. 2008, p 6-7). Such a clause would help protect the company against foreign exchange shortage that could possibly occur within the venture. The contract took into account the need to localize the Santana model. According to the agreement, however, responsibility for providing quality parts made in China rested squarely with the Chinese; Volkswagen had no obligation to hasten the process (Woodard 2002, p 41). To help balance the foreign exchange flowing out of China to pay for kit imports, the contract called for the venture to purchase engines produced in Shanghai to be used in cars manufactured in Europe (Hook 2001, p 10). The earnings generated from such exports would support the use of foreign currency by Shanghai Volkswagen for importing the kits and later the foreign components used for assembly in China. In addition, the price Volkswagen would pay for each engine was predetermined. The primary concern was the possibility for localization. Localization was planned to start immediately in order to reduce the foreign exchange expense of importing the Santana kits from Germany. It was planned to reach a local content of 20 percent in 1988, 32 percent in 1989, and 84 percent in 1990 (Frisbie 2003, p 4). The negative factors were poor local supply, the Chinese partners existing technical capability, and foreign exchange. Volkswagen also worried about the effect poor-quality products would have on the companys reputation. At this time China was not known for its ability to manufacture complex products with dependable quality. The industrial infrastructure in the auto- mobile industry was poor. Components were imported because local suppliers could not manufacture them to the requisite quality standards. Imported components faced high import tariffs of 25 to 40 percent (The Economist 1990, p 16). The technical standards of Chinese automobile-component suppliers in 1986 were nearly thirty years behind component manufacturers of Europe, Japan, and the United States. Even some simple materials, such as sandpaper for polishing cars and major items such as batteries, had to be imported. Although an automobile industry did exist in China, quality parts were hard to find (Raveed Renforth 2007, p 47). The problem was the development of local suppliers who could make components to Western standards. Furthermore, Volkswagens technical staff found it difficult to communicate Volkswagens concept of quality to the Chinese autoparts manufacturers. Since Shanghai is the most developed industrial area in China, it was expected that car components could be locally made there in the near future (Hofstede 2006, p 25). Local supply was therefore expected to improve, but it would take time. In fact, the development of local capabilities was incredibly important to their ability to compete in the market and has proven to be the most troublesome feature of Shanghai Volkswagens short history. In order to increase the value of an automobile from China-based factories, and to prove that the Chinese automotive industry could indeed compete with foreign suppliers, Volkswagen worked with their European parts manufacturers to encourage their entry into China. Volkswagens technical staff sup- ported the m by assisting with the identification of possible Chinese partners for the various parts to be manufactured. Also, Shanghai Volkswagen encouraged Chinese suppliers to forge cooperative relations with peer parts makers from abroad. From Volkswagens supplier group, suitable partners were chosen by Chinese suppliers and formal joint-venture relations between foreign and domestic supplier firms were signed. In order to assure quality improvement, Shanghai Volkswagen rated its suppliers (Woodard 2002, p 43). The joint-venture contract specifically charged the Chinese with responsibility for providing parts of acceptable quality. It categorized its suppliers into A, B, or C classes: A suppliers produced parts of export standard, B suppliers produced parts used for the domestic market that were not yet of export quality, and C suppliers produced parts below even first-rate domestic standards (Shanghai Volkswagen Automotive Ltd. 2004, p 45). Because of Shanghai Volkswagens strict quality control and demands, it rewarded its suppliers handsomely. This reward would provide an incentive to the supplie rs so that they would maintain their quality standards. Shanghai Volkswagen promised to pay its suppliers a purchase price capped at the price of a similar import, in addition to custom duties (Ball McCulloch 2005, p 112). It guaranteed a profit for every manufacturer in its parts-supplier network. Furthermore, Shanghai Volkswagen organized their suppliers into the Santana Localization Community. The community served to forge closer ties between Shanghai Volkswagen and its suppliers, and more important, among the suppliers themselves. The organizing principle behind the localization community was the relentless pursuit of quality (U.S. China Business Council 2008, p 5). Throughout the barrage of Chinese criticism over localization levels, the Germans refrained from making their problems public. Volkswagen officials patiently allowed the Chinese to find a solution to problems. On the Chinese side, the government granted some incentive for the Germans to increase local content. After 40 percent of parts were localized, the imported parts were no longer considered CKD kits and were then taxed at a lower rate. Similar tax reductions were made once the 60- and 80-percent localization barriers were crossed. Although there were some components and tasks that were still impossible to source in China, the progress of localization did quite well (Hofstede 2006, p 8). Research Questions And Objectives To prove that German patience paid off in the long run. Local content was 70 percent after the engine and gearbox were localized in 1991. The company reached its goal of 80- percent local content in 1993 (Bates et al. 2008, p 8). By the end of 1995, 90 percent of the components were locally sourced. In the Changchun plant, local content was 40 percent for Audi and 60 percent for Jetta. The company had strong, reliable dealer and supplier networks in place. Shanghai Volkswagen made a profit largely because they were able to provide a substitute for imports from Japan, and because they were assisted by the high import tariff set by the Chinese government (Hofstede 2006, p 23). To prove the logistical importance of the Guangdong factory. It initially appeared to be a logical site for the new factory. The province had one of the highest standards of living in the country and had acquired extensive experience with joint-venture projects. Moreover, with Guangdong far from Beijings watchful eye, Peugeot officials anticipated a greater degree of managerial autonomy than a plant in northern China might enjoy. Local government support for the joint venture also seemed strong. Yet these apparent advantages could not shield the Sino-French joint venture from its share of difficulties (United Nations Centre on Transnational Corporations 2009, p 11). During the set-up phase, for example, Peugeot discovered that GPAC workers-formerly employed at the GAM bus and truck factory-had inadequate skills. Consequently, Peugeot had to spend more than anticipated, both on training PRC workers in Europe and sending French managers to the PRC. Commitments to localize parts production posed additional stumbling blocks for GPAC (United Nations Centre on Transnational Corporations 2009, p 6). Though the joint-venture contract called for GPAC vehicles to reach a 90-percent Chinese content level within five years of start-up, the French partner found few suppliers of quality parts in Guangdong and was prohibited by Guangzhou officials from sourcing from other regions in China. Peugeot, for its part, was slow to establish its own joint-venture parts manufacturers, a key to Volkswagen AGs success in Shanghai (Hook 2001, p 6). GPAC thus had to assemble automobiles largely from imported parts, which proved costly when the French franc appreciated some 110 percent against the renminbi in the late 1980s. The resulting rise in prices of imported parts, together with PRC localization and consumption taxes totaling more than 45,000 yuan ($12,000, based on the 1989 exchange rate) per vehicle, substantially raised the final prices of finished vehicles. In early 1990, for example, the companys model 505 station wagon sold for 200,000 yuan ($54,000), while Shanghai Volkswagen Co. Ltd.s Santana, which was subject to similar taxes, sold for 180,000 yuan ($49,000). GPACs growth slowed as a result (Ball McCulloch 2005, p 34). Stiff Competition GPACs troubles were aggravated by such stiff competition from Shanghai Volkswagen. The Santana had achieved 75-percent local content by 1992, and thus was able to keep production costs and sales prices relatively low. Though GPAC had reached similar levels of domestic content by 1994, its least expensive station wagon (in the year 1997) costs 170,000 yuan ($21,000, based on the 1997 exchange rate), compared with 135,000 yuan ($16,000) for the least expensive Santana model. Moreover, the quality of both GPAC parts and finished vehicles remained poor. Because the local government objected to sourcing from plants outside Guangzhou, GPAC was forced to use local parts that often failed to meet international standards. Some of Peugeots management decisions also contributed to GPACs competitive weaknesses. The company reportedly repatriated most of its profits and made relatively few changes to its 1980s era products, whereas Volkswagen reinvested profits and refined its production, introducing a new ÊÂ »Santana 2000ÊÂ » model in the mid-1990s. The GPAC sedan also had problems finding a market niche, as its large engines high fuel consumption precluded the cars use as a taxi, and its outdated design failed to attract Chinese buyers. When com- pared with the Audi 100, made in Changchun by a joint venture between Audi AG, a subsidiary of Volkswagen, and Chinas First Automobile Works (Group) Corp., the GPAC sedan lacked the prestige that status-conscious private or government consumers sought in a vehicle (Hofstede Bond 2010, p 12). GPAC also was not as high a political priority for Guangzhou officials as the Volkswagen plant was for the Shanghai government (Bates et al. 2008, p 10). While the Shanghai municipality invested 5 to 6 billion yuan ($600-$700 million) to aid Volkswagens endeavor, Guangzhou officials only contributed about 1 billion yuan ($120 million) to help GPAC (Sender 2007, p 90). Further, because of Guangzhous laissez-faire approach to production and consumption, city leaders were reluctant to urge government officials or ente rprises into purchasing GPACs vehicles. In Shanghai, by contrast, the citys taxi company was one of the largest purchasers of Volkswagen Santanas. Further, 1996 Shanghai municipal rules on engine size for taxis effectively eliminated Volkswagens competitor in the city, the Tianjin Charade, from the taxi business (Hofstede 2006, p 23). Ironically, while GPACs remoteness from Beijing protected it from central-government interference, the southern China venture also did not rank high on Beijings planning agenda. And the lack of a central-government partner meant PRC leaders did little to forestall the joint ventures decline. Many MNCs are approaching China as a long-term strategic market, and they are investing large sums of money to help build sustainable long- term positions. This can be a rational strategy. MNCs that do not consider exploring Chinas vast market with its emerging consumer base could be missing a tremendous growth opportunity. But some MNCs take the long-term argument too far. The traditional belief that a firm has to be around a long time to get results is not necessarily right in all cases. Long-term success is best achieved through measurable short-term results (Sender 2007, p 91). It is true that Shanghai Volkswagen, Matsushitas TV tube factory, Charoen Pokphands animal-feed ventures, and Otiss elevator plant are all early entrants that are growing at double-digit rates. But Peugeot entered the Chinese market at the same time as Volkswagen, and it has lost tens of millions of dollars each year since 1995. Kraft entered China more than ten years ago, and all of its plants are now rep orted to be losing money (Shanghai Volkswagen Automotive Ltd. 2004, p 66). In a volatile market such as Chinas, sustainable long-term positions are necessarily built on a series of successful short-term moves. Short-term results can help build brand recognition, attract local talent, and secure support from the parent company. They can create a virtuous cycle (Frisbie 2003, p 4). By contrast, when MNCs see no positive short-term results, a vicious cycle could arise. Rather than revise the companys strategy, managers typically justify poor performance with the argument that China is a long-term market. Patience and longevity are not enough. In fact, many MNCs accomplished great short-term success. For instance, Ericsson, the Swedish telecom company, acquired 40 percent of the cellular handset market, worth $4 billion, in only three years. Kodak gained a 15-percent share of the $500-million film market in less than two years. Tingyi built a $500-million instant-noodle business from nothing in just four years (Daniels Radebaugh 2004, p 45); its average operat ing margin over that period was more than 20 percent. Many of these successes can be attributed to recent moves these companies have made, not to how long they have been in China. These examples show how MNCs can plan for success by making smart short-term moves, thereby helping to establish new rules for the game (Karp 2002, p 74). Their successes are also founded on their continuous learning in the market and their ability to react correctly to changing dynamics. Performance is driven by an adaptive strategy that can be implemented rapidly. In this respect, recent developments in the cellular handset market are particularly instructive. Continuous learning and adaptability is essential to manage the vastness of the market and the rapid rate of change (Hofstede Bond 2010, p 52). This is difficult in an environment like China, where Western managers face exceptional language and cultural differences, and doubly difficult because consumer demographics and tastes are constantly changing. Krafts Tang was successful at the start, but carbonated drinks and fruit juices were quickly substituted for it. Motorola was very successful with male consumers, but Ericsson took advantage of the demo- graphic shift in the cellular handset market toward women (Daniels Radebaugh 2004, p 62). As Ericssons success dramatically sh ows, in an emerging market, effective learning is essential. Although Peugeot and Volkswagen entered the Chinese automobile market at roughly the same time, their performances have differed dramatically. Volkswagens revenues have grown at a compounded annual rate of 77 percent since 1985. Sales exceeded $2 billion by 1995. Today Volkswagen has expanded its capacity to 300,000 cars; the company produces close to 200,000 cars per year. It enjoys more than a 50-percent share of the passenger car market and earns a double-digit after-tax profit. By contrast, Peugeot built a 90,000-car capacity and sold only 2,000 cars in 1996 (Bates et al. 2008, p 9). Research Plan Perspective The factors are labeled as political, legal, cultural, economic, historical and geographic. This paper addresses the six environmental factors as they apply to IJVs in the Peoples Republic of China. Examples are drawn from an active IJV in Shanghai. Much of the information on this IJV was gathered during a research visit to the manufacturing facility during spring. Data gathering techniques included an on-site interview in Shanghai and material secured from corporation and government agencies (Shanghai Volkswagen Automotive Ltd. 2004, p 2). Why have scholars avoided looking closely at the Chinese bureaucracy? First, the Chinese system has, until recently, been quite difficult to penetrate. Chinese citizens were to avoid divulging state secrets to foreigners (Manguno 2003, p 8); even general communication with such outsiders was discouraged. Much of the relevant information, then, was found in statements of the top leaders, published in newspapers or journals or broadcast over the radio. Foreign researchers in the 1960s and 1970s found that exiles and migrants from southern China to Hong Kong were also good sources, but the scarcity of central government bureaucrats among their numbers made many types of focused, in-depth interview research nearly impossible (Sender 2007, p 90). Data Collection Methods, Access and Sampling Strategy Although China remains a relatively secretive society, the amount of personal contact allowed with foreigners has vastly increased. The requirement for efficient functioning of economic transactions forces the Chinese to be more open in publicizing their bureaucratic procedures. In other words, even in the face of the June 1989 crackdown on dissent, it is now easier to gain access to the lower levels of power than in the years preceding the economic opening to the outside world (Frisbie 2003, p 4). Lins conclusions included lists of the positive and negative factors Americans faced in choosing to invest in China. He also made some comparison of Chinese and American attitudes toward the joint ventures. He omitted, though, focus on misperceived and misunderstood actions related to divergence in the long-term goals of the two sides (Manguno 2003, p 7). Ball and McCulloch, (2005) analyzed cultural expectations in conducting business in China. 20 He investigated Chinese feelings toward various nationalities, and used these results to predict the future success of some eighteen different nations and regions in trade relations with China. Although this work was useful for examining the Chinese attitudes toward the outside world, no comparison was made of foreign perceptions of and approaches to the Chinese side. Business journals present a further source of empirical data. Publications such as The China Business Review and business school magazines feature articles tailored to potential future investors. Availability of space and the general scope of these journals, however, tend to prohibit a fully developed theoretical analysis of Chinese industrial development (Hofstede 2000, p 32). Earlier studies also failed to employ Jerviss ideas of misperception. Considering the great differences in culture and past practices of the Chinese and foreign automotive representatives, it would be surprising if misunderstandings did not cloud the stimuli foreigners exerted on the Chinese policy makers. To further utilize Jerviss work, one should also consider the influence of misperception between higher and lower levels of the Chinese political system. Finally, the motivational elements of wishful thinking may also distort the policy process at many levels of the Chinese bureaucracy (Daniels Radebaugh 2004, p 12). My own approach seeks to build on the theoretical framework of Sender and Hook and the analysis of Hofstede on, while adding new empirical data in a different industrial sector, that of the automobile industry. In doing so, this thesis will take into account several variables that shaped both the political and the economic development of the Chinese automotive sector (Hofstede 2000, p 32). Four case studies look at the stimuli of domestic and foreign economic forces, and discuss their effect on the Chinese central government (Hofstede Bond 2010, p 11). The empirical parts will also examine the bargaining that took place between central and local politicians, and the misperception that affected the policy process. Finally, the studies shall note the differing policy outcomes for the four automotive ventures, and try to make projections of their future progress based on past experiences. Ethical Considerations Peugeots poor performance appears to have been caused by its repeated inability to learn in, and adapt to, a rapidly changing environment. As Volkswagens success demonstrates, the Chinese automotive industry is attractive, and Peugeot began its operations in China with plenty of advantages (Mowery 2008, p 3). Its joint venture was set up in the wealthy south, which has a more entrepreneurial culture because of its proximity to Hong Kong and because of the early promotion of the reform policies of the late Deng Xiaoping. By contrast, Volkswagens joint venture was established in the more conservative Shanghai region. Until the mid-1990s Shanghais economy was dominated by loss-making state-owned enterprises, and the city was not allowed to implement aggressive reform policies (Hofstede 2006, p 13). Yet Peugeot was not able to exploit its advantageous position in the south and did not learn how to succeed with commercial customers. In the 1980s automobile industry experts predicted that growth would be driven by consumer wealth and consumer demand. But the market in China remained commercial (U.S. China Business Council 2008, p 12). Even now, the vast majority of Chinese consumers cannot afford to own cars: More than 70 percent of cars in China are purchased by commercial companies. Volkswagen was quick to adjust its assumptions and operating paradigms; Peugeot was not. To serve the commercial market, Volkswagen built an aggressive distributor network and sales force (Hook 2001, p 32). Conclusion The company recognized that commercial buyers were less price sensitive than other consumers, given that they needed and were willing to pay for high-quality after-sales servicing. Volkswagen was able to push volume through its distributors and achieve critical mass. This growing volume allowed Volkswagen to realize considerable scale economies, thereby allowing it to drive down prices. Because Peugeot never man- aged to develop an effective approach for commercial buyers, it never generated the prices and profits needed to motivate distributors (Woodard 2002, p 2). Without this high-channel profit, it was unable to attract capable and aggressive distributors and could not develop a reasonable service network. Peugeot also failed to learn other important lessons. An understanding of the development of down- stream industries, for example, was crucial in identifying and promoting potential demand. Volkswagens partner lobbied the government to support the establishment of taxi companie s in Shanghai. Although consumers could not afford to buy private cars, their demand for taxi services supported the growth of taxi companies, which did buy cars from Volkswagen. Peugeot did not follow a similar strategy. The company was unable to secure a dominant position in its home province in China. Hence, it never achieved critical mass and a competitive cost position to grow its operations to a national scale. Losses piled up, and after a twelve-year stay in China, Peugeot exited the market.

Female Education Essay

Intrcduction: Education means mental and moral training. It is the light that clears off the darkness of ignorance from our mental horizon. It open wide to our vision the vastness of God’s creation and enables us to think about the merciful creator of this universe. It is a blessing. It ensures a perfect and harmonious development of our innate qualities and makes us worthy of the name `Ashraful Makhlukat’ Education should be universal: Education is a light to which everybody has the equal right. When God created man and woman, he drew no hard and fast line of distinction between them. He endowed them all equally with the bright and noble faculties. So education cannot be an exclusive possession of any class or sect or sex. So God made the pursuit of knowledge compulsory for every man and woman. So education should be universal. It should be imparted to both man and woman, Who form one-half of the population. They should not be refused the benefits of education. View against female education: There are, however, some people who are strongly opposed to the female education. They say that it is useless to impart education to women, whose duties are confined to household affairs, rearing of children and ministering to the comforts of their male parents. Reasons for educating women: It is true that women have many special tasks in life and there sphere of duties are different from those of men. But we should that these tasks also need training and education. Unless women get proper education, all their prospective faculties get crippled. It is only by imparting proper education to them that we can expect them to discharge the duties nicely and decently. Secondly, education of children depends a great deal upon mothers. Childhood is the most impressionable stage and anything good or bad, taught to child makes an indelible mark on his mind. Can we have educated and ideal citizens when the mothers themselves are foolish and ignorant ? No, we can not. Thirdly, every woman is a potential mother. The future of a child greatly depends on how it is brought up and educated in childhood. An educated mother is naturally expected to bring up and educate her children better than an uneducated mother. Fourthly, social responsibilities should also be shared by men and women. In domestic life a woman can lend a helping hand to her husband. when a husband returns home extremely tired after the day’s hard toil in the outside world, it is for her to cheer him up and to make his life easy and comfortable. She serves as the best and truest friend and her words go a long way towards influencing her husband for what is good and noble. these are the strongest points in favour of female education. However, opinions may differ in respect of the nature of education to be imparted to woman. Traditional system of education for girls to be changed: Our main object is to educate our women systematically and carefully. By education we do not mean the winning of different Degrees of the university. The traditional system of education for girls should be changed. Cooking, Sewing, Child rearing, Home Economics and Nursing should be introduced in the curriculum of their studies. studies. Some are under the impression that education makes woman foppish, weak and quite incapable of discharging their domestic duties. But they must know what makes them so is not education at all. Early marriage should be abolished : Early marriage is one of the hindrances to female education in our country. It is a custom among the muslims to get their daughters and sisters married before they attain puberty. they are married before they understand well their duties as wives and often they become mothers before they pass their girlhood. so the system by all means be abolished from our society. Conclusion: All steps necessary should be taken to encourage universal female education for the survival of our nation. It is heartening to note that the Government has recently declared free and compulsory education for rural girls upto class [pic].

Civil Rights Movement Was Slow Between 1955-68 Essay

Explain why the civil rights movement was slow between 1955-68 The civil rights movement was slow between 1955-68 for multiple reasons, these being the falling out of Malcolm X and Martin Luther King along with the Civil rights groups splitting and changing their tactics between violent protest or peaceful protest which consequently lead to them being less effective. Also Presidential action could be said to be lacking therefor acts to improve civil rights weren’t passed or were unaffected. One reason that the civil rights movement was slow was due to Eisenhower’s stance on the topic during his presidency (1953-1961). Eisenhower believed that the position of the black people would improve of its own accord over time. In this sense he did not think that it was the government’s job to improve conditions for black people. We can see this form his reaction in regards to Little rock campaign and his reluctance to become involved with it. This is a reason why the civil rights movement was slow because the president was unwilling to pass civil rights laws to change the situation of the blacks due to his belief that it would change in their favour in time. Also because of conflict between Malcolm and King the two main black men that were leading the campaign the African Americans were side tracked, essentially forgetting their main aim; racial equality. Malcolm X was very critical of Martin Luther King calling him the â€Å"Twentieth century Uncle Tom† and banding around rumours that he was being paid by the white government to preach Christian love and forgiveness which was all in aid of preventing the black people from effectively fighting for their freedom. This conflict would not achieve anything for the black power movement because it could potentially divide public opinion. People who supported King may have lost some faith if they believed there could be any truth that he was really working with the white American government, whereas the camp who were following X may have felt a sense of divide between them and the people who liked Kings ideals. The reason why this wasn’t going to help the black power movement is that the African Americans needed to fight together to gain equality but their fight was being split into their fight for this and for who’s leader was strongest. A final reason as to why the progress for civil rights was slow was because the civil right groups split and were no longer co-operating with each other. CORE and the SNCC took a stance closer to that of X’s beliefs. They became more violent unlike the NAACP who stuck to  peaceful protest. The problem that this created the civil rights movement is that they are now sending the government mixed messages and are not helping their cause. Also staging violent protest didn’t seem any way near as effective. Because the government and the media generally seemed weighted to the whites side, violence of black was blown out of proportion and shown as propaganda as to why the blacks shouldn’t have power on equal terms with whites. This would mean that blacks wouldn’t be taking steps on the right direction because they would be setting themselves up for a fall in public opinion, something which needed to be on their side for them to gain equality. In conclusion the civil right gains between 1955-68 were slow due to the fact that there was conflict between the blacks who were fighting over the best way to gain their goal when there focus should have been solely on trying to get this goal. They were side tracked and this proved detrimental giving their reputation further dents, even if there are minor positives amidst the movement along with the fact that the resident weren’t too focused on helping the civil rights movement.

The Broken American Dream Exposed in The Jungle by Upton...

Sinclairs novel is meant to entirely reject the capitalist system and to bring in its place a socialist system. In this novel, capitalism and its exploitation of the immigrants and other workers, are in fact shown to be tools of the capitalist bosses, used as another means to control and mislead them. In Sinclairs novel the broken dreams of Jurgis Rudkis and his fellow Lithuanian immigrants, unions are meant to be institutions which give false hope to the workers. They live in utterly dreadful circumstances and are exploited like animals by their capitalist bosses. The women are forced to work at an inhuman pace, lose money if they cannot, and then fired if the complain. (106). And the men in the packinghouses like slaves in hell. When†¦show more content†¦With respect to those inspectors, Sinclair is at times blatant in his disapproval, but is other tomes subtle as he shows life through the still-rose-colored glasses of Jurgis, If you were a social person, [the inspector] w as quite willing to enter into conversation with you, and to explain to you the deadly nature of the ptomaines which are in tubercular pork; and while he was talking with you, you could hardly be so ungrateful as to notice that a dozen carcasses were passing by untouched (41). Ofcourse, the inspectors were being paid off by the packers not to inspect. From politics to inspections to unions, Sinclair shows nothing but corruption and inhumane cruelty. With respect to the immigrants and their working and living conditions, the author shows nothing but suffering and exploitation. Coming from a socialist perspective, to show unions as anything but ineffective at best, and as manipulative tools of the capitalists at worst, would have been for Sinclair to have undercut his own goals. He did not seek with his book merely to reform the packinghouse, or to strengthen unions, or to bring about what he was as superficial improvements in the capitalist system. He sought instead to entirely replace capitalism with socialism. The unions in the book are meant to serve as a means whereby Jurgis can begin to believe that he can make a difference in his life and in his working conditions. At first he acceptsShow MoreRelatedThe American Of American History4245 Words   |  17 PagesLearning about American history is an extremely fascinating topic. It’s intriguing how our great nation developed and changed throughout history. From wars to treaties, it’s all essential in understanding how our nation has grown to be what it is now. In our ever growing society today, immigrants are migrating to this nation with hopes and dreams. Hopes and dreams that lead them to live a better and more prosperous life. The United States of America is known as big â€Å"melting pot†. This melting potRead MoreAnalysis Of Upton Sinclair s The Grapes Of Wrath 3839 Words   |  16 Pagesbetween social rankings, establishing an unbreakable cycle of poverty. The idyllic ethos of the American Dream, a belief that one will achieve success through hard work and opportunity, prove to be a fallacious, hollow and vague ambition that cannot be attained. Paradigms that exploit the plight of the â€Å"American worker† beginning in the early nineteen hundreds include muckraker Upton Sinclair’s The Jungle and John Steinbeck’s The Grapes of Wrath. The quandaries that plague the characters of the aforementionedRead MoreFeminine Mystique12173 Words   |  49 Pageshappened? When did women decide to give up the world and go back home? Friedan asked herself. Questions like those have engaged historians since the 1970s, but they were not ones housewives of the 1950s were encouraged to ask. For a red-blooded American to doubt something as sacred as the role of housewife and mother was to show symptoms of mental disorder rather than a skeptical or inquiring mind. Whatever the label attached to such feelings — neurosis, anxiety, or depression — most people assumed

Rumors, Deception and Research Paper Thesis

Rumors, Deception and Research Paper Thesis Whatever They Told You About Research Paper Thesis Is Dead Wrong...And Here's Why A great thesis reflects a strong comprehension of the content and point of your paper, plus your audience and its requirements. A thesis outline can give a lot of great things in connection with the first processes needed in research study planning. Also referred to as the absolute most difficult and most exhausting portion of chapter 1, the theoretical background comprises of the prior studies concerning your certain study together with its findings as well based on the amount of theories which you have to apply sub-component. Generally speaking, students are almost always welcome to express their own opinions in all kinds of academic writing. After you have written your essay, and are prepared to proof-read, it is crucial to look at your work and make sure that it actually addresses the thesis. Writing the true thesis statement can be among the most daunting characteristics of the essay. Crafting a thesis, a really effective thesis, can be hard. It might be helpful to think about your thesis for a contradiction. Just like any great thesis, you wish to get as specific as possible. If your thesis looks too broad, find a means to narrow it down. Like every great book, even only a thesis has to have an introduction. The 5-Minute Rule for Research Paper Thesis Nobody will argue that It's quite challenging to compose an academic paper if there's no structure for it. The type of your thesis statement will be different based on the fashion of your writing. If you would like to outline a multi-chapter work, like a dissertation, then you'll want to bring another level to the hierarchy. Although your thesis does include all the necessary elements, the wording is less than perfect, and it's still true that you must revise for clarity and fashion. The Importance of Research Paper Thesis If your assignment asks you to have a position or produce a claim about a subject, you might need to convey that position or claim in a thesis statement close to the commencement of your draft. A thesis produces a particular statement to the reader what you're going to be attempting to argue. A thesis statement isn't a statement of fact. Typically, it is one sentence at the end of the first paragraph. Research Paper Thesis Precisely, the manner analysis has to be written down is essential, but, it's somewhat methodological question. Both the argument and your thesis are most likely to require adjustment on the way. You might also state what kind of approach it is you'll use in your paper for the whole discussion of your topic. Keep revising your own idea till you get original and intriguing claims which you are excited to write about. The Research Paper Thesis Cover Up Not specifically in the very first paragraph, it might be in the second paragraph of your article if you're writing a lengthy paper. You may have a section inside your paper specifically devoted to the thesis statement, or if it's a quick paper tha t you're writing, in other words, with fewer paragraphs you may have a list of at least two points. Sometimes your topic of each paragraph in one paper may be changing. Additionally, among the critical purposes of an outline is to clearly convey the relationship between the thesis and every one of the topic sentences. You could also see book outline. You might also see essay outline. Be precise with the things which you will put in the thesis outline and be certain that they are related to the study that you would like to immerse yourself into. You could also see presentation outline. Just as there are various forms of essays, there are various varieties of thesis statements. To compose a very good thesis statement, it is essential that you get a thorough comprehension of particular facets that include the topic of your essay, what a thesis statement is and the different kinds. Make certain you have read all your sources. Just because there are two varieties of thesis stat ements (informative and persuasive), there are two fundamental styles you may use. What Everybody Dislikes About Research Paper Thesis and Why Simply fill in the blanks regarding the subject of your essay and that which you plan to prove and you're done. By applying the formula you are likely to start to imagine, in the context of your paper, exactly what has to be said. There are a few types of essay paper that have its thoughts and purposes. For instance, you may have made a decision to compose a paper about gambling addiction. Use a single sentence to describe how you are going to introduce the paper. When it regards thesis paper, it isn't necessary that you need to stick on focused to only a single point. Then you'll need to revise your thesis statement while you're writing the paper. A thesis statement always goes at the start of the paper. What Does Research Paper Thesis Mean? To learn what your controlling idea is, it's necessary for you to examine and assess your evidence. As you work on your thesis, don't forget to keep the remainder of your paper in mind in any way times. Knowing what it is you're attempting to achieve, and committing it to paper, can be hard. Every paper you write need to have a most important point, a principal notion, or central message. The One Thing to Do for Research Paper Thesis Your thesis proposal outline is something which you will need to do before you begin your research in earnest. If you would like your thesis to be classified as a thesis and not simply a useless sentence, utilize an extremely precise tone and specific words. Just because the thesis statement is the basis of the experiment, it does not intend that you will need to do it first. Your thesis statement needs to be specificit should cover no more than what you will discuss in your paper and ought to be supported with specific evidence. The Hidden Gem of Research Paper Thesis Developing a preliminary thesis is the initial step. In many in stances, the structure of the thesis proposal will be contingent on the topic matter of the thesis and your region of study. A thesis outline was designed to be certain that the plans for the inception of a thesis is put together in such a manner that all of the variables necessary to the reach of the study are considered appropriately. Developing a thesis outline is difficult, but it is a challenge it is possible to overcome when you seek out professional help.

Introduction To Human Resource Management Systems

Introduction Human Resource Management Systems is the word increasingly used refers to policies, practices and procedures that are related to the management of the people within an organization. In simple words Human Resource Management Systems (HRMS) is software that allows or connects human resources and information technology using processes or systems. The human resources management mainly deals with management and staffing effective work force for the organization. The main functions of HRMS include HR management, managing employee’s payroll, training and recruitment, organization change management, dealing with insurance and policy, observing performance of employee and manager self-services. HRMS is must and required system to perform main HR management responsibilities like mainly in reporting, pay roll management, recruiting and learning management. Above functions and responsibilities are included in wide selection of tools with many detailed answers for many business requirement s or needs on other side when it comes to human resource management and it is best suited for almost all of the companies. The complication of HRM systems is actually depends on the how big the company is, employee numbers, roles and responsibilities the HRM should handle. Clarion networks is a services company having a team of consultants which offers intermediate level of recruitment and staffing services. The search firm is like a generalist principles, which means only limited to oneShow MoreRelatedCastle Family Restaurant Essay1308 Words   |  6 PagesCourse Project: Stage II Name HRM340: Human Resource Information Systems INTRODUCTION Various types of HRIS systems and processes have been reviewed to help Jay Morgan and Family Castle Restaurant run more efficiently as a business. Jay Morgan the Operations Manager, have been using outdated methods for scheduling, recruiting, hiring, and answering questions from its employees. Maintaining accurate books and keeping constant communication with the Managers have been a challengeRead MoreCase Study : Human Resource Information Systems1237 Words   |  5 PagesStage I: Course Project Name: Duc Minh Nguyen HRM340: Human Resource Information Systems INTRODUCTION Numerous characters of HRIS systems and methods have been abstracted to help Jay Morgan and Family Castle Restaurant run more conveniently as a business. Jay Morgan the Operations Manager, have been using obsolete procedures for recruiting, hiring, scheduling, and answering inquiries from its staff members. Cultivating precise books and keeping continual conversation with the Managers haveRead MoreHuman Resource Information Systems Essay example1775 Words   |  8 PagesIntroduction Human Resource Information Systems (HRIS) can provide an organization a wide variety of functionalities that improve the productivity of the HR department while supporting the desires and requirements of the rest of the organization. However, organizations need to ensure that the costs associated with the HRIS is justified. Organizations spend on average $1,300.000 annually to maintain and administer HRIS and their portals (Gueutal, 2005). In a competitive market all project investmentsRead MoreCurrent Information Systems Within Human Resources1398 Words   |  6 Pages Current Information Systems within Human Resources The Human Resources department is currently working on bring the information systems platform into the 21st century. Excel has been a good tool to use within the HR department. However, it is critical for the management team to maintain a comprehensive and fast flexible system that aligns with the trends as it relates to a successuful business (Dusmanescu Bradic-Martinovic, 2011). A successful business reflects organizational flexibility whichRead MoreFactors affecting women entrepreneurs success1224 Words   |  5 Pages1-1 Introduction to Operations Management Operations Management William J. Stevenson 1-2 Introduction to Operations Management Operations Management Figure 1.1 The management of systems or processes that create goods and/or provide services Organization Finance Operations Marketing 1-3 Introduction to Operations Management What Do Operations Managers Do? †¢Ã¢â‚¬ ¯ What is ‘Operations’? †¢Ã¢â‚¬ ¯ †¢Ã¢â‚¬ ¯ a function or system that transforms inputs into outputsRead MoreArmaguard’s Human Resource Information Systems1524 Words   |  7 PagesINTRODUCTION ‘Human resource management is the strategic and coherent approach to the management of an organization’s most valued assets- the people working there who individually and collectively contribute to the achievement of the objectives of the business’ (Wikipedia, nd). Human resource management is responsible for how people are treated in organizations. It is responsible for bringing people into the organization, helping them perform their work, compensating them for their labors, andRead MoreSWOT Analysis of ReviseIT Consultants1544 Words   |  6 PagesIntroduction The review of the case study presents that ReviseIT consultants have to deal with a lot of problems to operate in an effective manner. The case study specifically revolved around two points that need immediate consideration; issues with human resource and the change management. The paper will highlight these issues with reference to some key models of strategic human resource management and some theories regarding change management. In light of these theories and models this reportRead MoreEffective Human Resource Planning.1310 Words   |  6 PagesThe key to effective human resource management is human resource planning 1.0 Introduction Human Resources (HR) Management is a multifaceted function. This entity has an important place within companies in helping key personnel decide on the best staff for their needs, among other things. Sometimes, the employees chosen are full-time employees already working for the company or they could be contractors. Regardless, the goal of HR Management is to choose the most qualified person for the job. Read MoreInformative Speech : The Society Of Human Resource Management966 Words   |  4 PagesINFORMATIVE SPEECH FULL-SENTENCE OUTLINE GUIDE FULL-SENTENCE OUTLINE GUIDE Introduction I. Attention Getter: The Society of Human Resource Management quoted John Green, a Vice President of Human Resources in an article they released called The Look and Feel of Strategic Human Resource Management: Conversations with Senior HR Executive saying â€Å"In the past, when I started the business, the people would look for security and plan to be there the rest of their life. They had more of an attitude ofRead MoreStrategic Human Resource Management1158 Words   |  5 PagesTopics in Human Resource Management Module 1 Case Study Module 1 Case: â€Å"Strategic Human Resource Management† Introduction Human resource management (HRM) has it own challenges, but management is more focus on what HR can offer their organization in the future. Looking back to the evolution of human resource field, it has followed the history of business in the United States and most western countries. HR has evolved from personal management to human resource management and from HRM

Financial Institutions and Real Estate Investment Trust

Questions: 1-Describe and assess three types of financial institutions other than a commercial bank. Give an example for each of them and briefly describe the business model for each type of financial institution identified? 2-What is a Real Estate Investment Trust (REIT) and how is it structured? Describe some of the features of it. Describe how a REIT is issued in the primary market. Using current market data, examine the Singapore REIT market (market size, the depth of the market, and the number of REITs, amongst others)? Answers: (1) Three financial institutions besides commercial banks are: 1- Investment Banks Investment banks related with the operations in the financial markets. These banks underwrite the issues of bonds or sale of them or stock. They do trading of their own accounts and give the service of their investment management those help the consumers in their investment operations and guide them on the capital market like mergers and acquisition. Some of the banks also give their shares to the other companies instead of loans. They act as the broker for their institutional clients. Its follows the business model by operating its operations in three divisions like front, middle and back office (De Larosire, 2012). It gives the services to both corporations issue securities and investors those purchase securities. Examples of these banks are- JP Morgan, Barclays, Deutsche Bank etc. Front office performs those activities that help in generating more income. Before performing activities risk management, analyse the situations credit risk focus on the markets of the capital. Middle o ffice involves the management of treasury that helps in making strategy to control internal activities. Back office performs administration operations, handling technology by the technical support team etc. Companies are all accountable for the compliance with the regulations of the local and the foreign government with internal regulations. 2- Insurance companies These companies collects the premium from the huge number of people those want to save their own lives against the loss or an incident like, fire, accident, disability, death etc. It helps other individuals or companies to save their wealth and manage the risk. Insurance companies do analysis the loss to examine the exact situation and the losses face by insured individuals at the same time. Example: In the life insurance companies, the consumer seeking for the guarantee of long-term investment so, companies start offering alternatives of all products on which the investment purpose is compulsory. They reduce the guaranteed minimum interest rates. It results in increasing the full pressure of the operation on the cost of transaction that increases fast and applies on all divisions. This model is moreover to collect premiums and price of investment instead of making payment for losses/ claims if any. They offer the products at competitive price that accept by the clients easily. 3- Brokerages It is an intermediary in between the buyer and the seller to give the facilities of the transactions of securities. These companies are compensating by paying the commissions by the clients for the all transactions done completely by the brokerages. It is either gives their service on discount or full price (Group of Thirty,2012). Full service involves execution of trade and the portfolio management but discount brokers permits the investors to do their own research and make decisions. Brokers help their clients in trading and charge the commission. Business model involves various levels of value or supply chains. It helps in initiating the values from the supply side where the raw materials use to make products. Later these finished goods supplies and sent to the end user. Companies analyse all the operations to make them better always. Models like advertising, subscription, mail order direct marketing are possible through Internet that helps in the success of operations. (2)Define: REIT (Real Estate Investment trusts) permits people to do investment in the large scale real estate those gives them more revenue or it is known as the scheme of an investment that invest in the portfolio of income that generates assets of real estate like buildings, malls, hotels and apartments. They established to create more revenues. Structure It is structured like trusts because all the assets under REIT acquired by the trustee on behalf of the holders of the unit. Trustee performs duties those mentioned in the deed of the REIT that includes all the laws rights to protect holders of the unit. In this structure, money raised from the holder of the unit though offers given to the public (Rowe, 2013). It is use by the company for purchasing the property in real estate. Then, these properties will give on rent that creates the inflow of income back to the holders of the unit (investors) as dividends. Structures are different in the terms of geographical or sector that may contains risk of politics and laws. Features REIT treated as the benefits for the investors It is the portfolio of assets helps in creating more income It reduces the risk of the single property that occurs when it is purchase by the single owner It has the power to take an advantage of earning more interest at large scale that would available on the personal capital It helps easily in converting the property into cash Benefit gives for the exemption of tax that comes in the form of dividend It is very transparent flexible like stocks listed in stock exchange Primary Market If it issued in the primary market then units of shares listed on the exchange to meet the goals of the investors by trading and creating liquidity. Individuals can invest into REIT personally either by buying their shares directly or an exchange or by investing in the mutual funds in real estate. Investment in the form of dividend payment, liquid those participates in the market for the retail investors and for institutions with the full interest in such market. It is an effective mechanism for the pension funds contributors (David ,2011). Singapore REIT Market The listed REIT on the exchange of the Singapore is 26 and the latest listed in 2013 in August. The purpose behind is representing the property in retail, industries, hospitality, residential and office. It holds the number of properties like Japan, China, and Hong Kong, Indonesia with additional local properties. S-REIT is called as collective scheme for Investment under the monetary authority of Singapore. The maximum Gearing ratio of S-REIT is 34.5% with the yearly increment of its properties. Distribution made around 89% of its taxable income. References David , D. (2011).REIT Investing. Canadian Style. InvestingDaily.com. Retrieved 2011-01-14. De Larosire, J. (2012). Do investment banks need to be separated from retail banks? : Contribution prepared for the Eurofi High Level Seminar 2012. Copenhagen, 29 March; available at www.eurofi.net/Events/ Article_De_Larosiere_structural%20reforms .pdf. Group of Thirty. (2012). Toward Effective Governance of Financial Institutions. Report by the G30 Working Group on Corporate Governance. Group of Thirty, New York: available at https://group30.org/ rpt_64.shtml. Rowe, R. (2013).Global REIT Survey 2012: UK.Global REIT Survey 2012. European Public Real Estate Association. Retrieved19 April2013.