The impact of globalisation on business.

The impact of globalisation on business. 1. INTRODUCTION.Advancement in transportation and information technologies has opened up the world to lucrative business opportunities. Many companies no longer confine their business domestically but reach out globally in search of better profits. When a company conducts business across national boundaries, it is participating in international business.International business paves the way for globalisation. Ball et al. (2004) found that globalisation can be defined in many ways but broadly globalisation occurs when an entity (government, company, NGOs, etc.) carries out an activity (economic, political, technological, etc.) in a host country.Globalisation has impacted the way many companies performed their business. New strategies are required to identify the opportunities presented by globalisation. Companies need to understand the forces that drive them towards globalisation. Most importantly, the companies must be prepared to meet the challenges of globalisation.This report prese nts globalisation in the context of a global strategy. It assesses the impact of the global strategy on the Texchem Group of Companies (Texchem), a company based in Penang.English: Map of prefectures of Jiangsu ProvinceTexchem is founded in 1973 by its current Chairman and Chief Executive Officer, Dato' Seri Fumihiko Konishi. Today, Texchem is well diversified into the business of trading, manufacturing and services with divisions in the packaging, industrial, food, family care and venture industries ( 2003).Currently, Texchem's globalisation efforts are concentrated around the Association of South East Asia Nations (ASEAN) countries and China (Chiew 2004). The organizational structure of Texchem is shown below. The group's investment holding company is Texchem Resources Berhad.(source: Texchem Resources Bhd, www.trbgroup.com/business_act_corporate_structure.htm)FIGURE 1: Texchem organizational structure2. FORCES DRIVING TEXCHEM TO GLOBALISE.Normally, a company's decision to globali se is influenced by a combination of several factors. These factors are the forces that drive a company to expand abroad. Each company has its own unique reasons to carry...

Aerodynamic Development Of Land Speed Record Car Engineering Essay

Aerodynamic Development Of Land Speed Record Car Engineering Essay This project is focused on the baseline aerodynamic analyses and optimisation of a Land Speed Record vehicle in terms of performance of drag and aerodynamic stability, and thereby, speed the vehicle can attain. The vehicle `Stay Gold’ shown below belongs to the David Tremayne, a Formula One journalist. It is his plan to break the current British Land Speed Record by achieving a speed of about 350 m/s. A photograph of the vehicle in its current form can be seen below. C:UsersCecilDesktopDSC07489.JPG Figure 1, (20)- Photograph of the Land Speed Record vehicle in its current form. In aerodynamic analyses, the prohibitive costs of conventional wind testing along with the advent of computing power, characterised by its decreasing cost has brought the applications of Computational Fluid Dynamics (CFD) to the fore front of research and industrial applications, (2). The complications of actual wind tunnel testing ranging from differences in boundary conditions to the scale and mounti ng of the object is covered well in existing literature, (1). CFD is a method for analysing complex fluid flow problems using numerical methods to solve the Navier-Stokes governing equations. This report begins with the study of high speed vehicle aerodynamics to understand the important physical phenomena taking place, i.e. Air flows linked with different parts of the vehicle. CFD has been established as a proven tool used to perform baseline simulations with different turbulence models, boundary conditions and grids. Consequently, the influence of compressibility by running cases with progressively faster operating speeds up to Mach 0.5 and the effects of varying the geometry of nose and body of the vehicle using low-drag fairings are studied. Literature Review: High Speed Vehicle Aerodynamics: Aerodynamics is the study of various forces when a body is in motion. As we know, any vehicle moving through a fluid experiences forces induced by the fluid on it. When a vehicle moves forw ard it displaces the static air in front of it and hence disrupts the air flow around the body. These induced fluid forces can be characterised into three main forces which can be represented on a Cartesian coordinate system as shown in the figure below, (19). Figure 2, (19)- Forces acting on a vehicle represented on Cartesian coordinate system The vertical force along the Z axis is called lift. In this context, the vertical force is usually pushing the car towards the ground. Lift force then would be negative. Instead, the term downforce will be used, which is the positive vertical force towards the ground. The horizontal force moving in the opposite direction as the vehicle along the X axis is called drag force. Drag force is created by the vehicle’s resistance to motion moving through the air. . Drag will always be negative with this axis system, although in the results it will be displayed as positive, (19). The horizontal lateral force along the Y axis is called side for ce which occurs due to strong cross winds or by vehicles being in proximity to each other. The magnitude of these forces depends on various factors like the geometry & speed of the vehicle, mass of the fluid, viscosity & compressibility. These three forces are the basic aerodynamic forces that act on a moving solid body. We concentrate on the reducing the drag force alone to achieve higher speeds.

Attractive nuisance doctrine Essay Example | Topics and Well Written Essays - 500 words

Attractive nuisance doctrine - Essay Example The doctrine can be linked to anything lying on the land, but mostly to dangerous objects such as; abandoned cars, piles of timber, sand, trampolines or even swimming pools (Okrent 18). The doctrine tends to protect small children who are not mature enough to make responsible decisions over their own safety. The doctrine does not carter for adults. However, if an adult sustains injuries while attempting to save a child who is in an attractive nuisance, then the owner of the property will also be held responsible for the injuries of the adult. When citizens reside in areas where there are children, they are expected by the society to come up with responsible ways of protecting the kids (Okrent 19). A situation might arise when a child trespasses to someone else’s property, and in the midst of having fun, for example, swimming, the child drowns. The accident happened without the property’s owner being aware (Okrent 24). Therefore, it would be unfair for the owner to be charged with violating attractive nuisance. If the property owner has knowledge of the presence of children on his or her of the property, and a risk occurs linking it to any object that might harm them, then the owner is responsible for violating attractive nuisance (Okrent 20). In this essay, it is clear that the law of attractive nuisance is actually fair. If a person has something on their property that would raise the curiosity of small kids, for example, a swimming pool or a damaged car, the individual needs to check whether they are sufficiently and safely sheltered. The person should adopt methods like putting up a secured barrier or safe and sound covering over the entity (Okrent 30). Landowners are required to be aware of all the potential dangers posed by their property like tractors or an open ware house. This will help them know what to keep

The Indian Ocean Tea Trade Research Paper Example | Topics and Well Written Essays - 2750 words

The Indian Ocean Tea Trade - Research Paper Example The trading ecosystem that thrives in the Indian Ocean does so because of the strategic location of the Indian Ocean, whose size makes it comprises about 20 percent of the total ocean surface of the earth, and whose location makes it ideal for all kinds of business activities, spanning Iran, Bangladesh, Pakistan and India to the north, Indonesia, Australia and the Malaysian Peninsula to the east, the Arabian Peninsula and Africa to the west, and Antarctica to the South. In the southwestern portion of the Indian Ocean, the body of water shares its boundaries with the Atlantic Ocean. Here it meets the southern end of the African Continent. The Indian Ocean also joins the Pacific Ocean meanwhile on its southeastern portion (Encyclopaedia Britannica, 2013). The Indian Ocean had been a traditional center of trade even in ancient times, extending as far back as the slave trade, where the trade in slaves in those earlier times coincided with mass migrations of peoples across the three conti nents of Africa, Europe, and Asia. In modern contexts, trade in the Indian Ocean has evolved to be concentrated on a few key commodities, including oil, which is the biggest item of trade in the Indian Ocean, as well as tea, rubber, coal and iron, with seafood being a relatively minor object of trade among key states along the Ocean and in the key destinations of Europe and Asia. Tourism has also grown to be a key aspect of trade in the Indian Ocean. This paper focuses on the trade in tea. (The Economist, 2013; Boston University, 2013; Encyclopaedia Britannica, 2013b; Hatcher, 2013; Asia Society 2013; UNESCO, 2013). II. Industry Background- Tea Trade in the Indian Ocean The literature tells us that the history of general trade in the Indian Ocean has ancient roots, extending to the early migrations of peoples along the bordering continents, and involving not just the trade in goods but also in slaves. Slaves are an important aspect of the ancient trade in the Indian Ocean, extending to the time of the European wave of colonization from the 16th century onwards. That trade would come to focus on a few key commodities in more present contexts, as discussed in the Introduction, and tea is one of those key commodities. There is meanwhile a deep historical basis to the trade in tea in the Indian Ocean itself, which is the subject of this section. (The Economist, 2013; Boston University, 2013; Encyclopaedia Britannica, 2013b; Hatcher, 2013; Asia Society 2013; UNESCO, 2013). When one talks of the modern tea trade one goes back to the roots of tea production and consumption in this part of the world, and here the references to the consumption of tea in Europe extend all the way back to the 16th century, with the consumption being attributed first to Portuguese traders and adventurers to the sea, with the tea being originated in the East, in China in particular, and finding their way via the ancient Indian Ocean trade routes to select members of the trading classes in Europe. That said, the formal attribution to tea being used as a key item of trade was given to the Dutch, who by the waning years of the 16th century had all but usurped the Portuguese role in being the facilitators of trade and the primary proponents of the routes of trade from Europe to the Far East and vice versa. The establishment of a Dutch trading post in Java in 1606 paved the way for the initiation of the trade of tea between Holland and the Chinese.  Ã‚  

Seeking Solace in Barbara Kingsolvers The Bean Trees :: Kingsolver Bean Trees Essays

Seeking Solace in The Bean Trees Many aspects of life are explored in Barbara Kingsolver's novel, The Bean Trees. A young woman named Marietta Greer from Kentucky wanted to strike out on her own, leaving behind everything she ever knew, just to start a new life. Many children want to do this at an early age so they can experience life on their own yet they don't realize the dangers involved.. Everyone that leaves the solace of their own home needs loving support to keep them going through life. Marietta Greer starts her journey by heading west across the United States in a run-down old car. She decides at the start that wherever the car breaks down will become her new home. When she stops at a diner one night for something to eat, she is suddenly left with a baby dropped off by an elderly Indian woman with no reasons why. Marietta tells her "If I wanted a baby I would have stayed in Kentucky" (24). Continuing her lonely trek, she changes her name to Taylor and ends up keeping the child and caring for her. When she finally arrives at her unknown destination, Taylor gets a job at a tire company working for a nice lady named Mattie and moves in with Lou Ann, also a single mother. She develops close friendships with them, and they all help each other through good times and bad. Taylor starts getting stronger feelings for the child, Turtle, and eventually adopts her through deceiving means with her new friends Estevan and Esperanza. Taylor keeps in touch with her mother, and she was thrilled her mother was supportive of her decision to adopt Turtle. There are some things I would have changed about the novel to make it more interesting reading and to broaden the type of audience it addresses. In my opinion, the book was kind of targeted at a feminine audience, especially single mothers. When Taylor and Lou Ann get together, Lou Ann sounds kind of pathetic saying " Who in the world would want to move in here with us" (102), yet they develop a strong friendship regardless. I had kind of a hard time focusing on what was going on and who was doing what mainly because the story wasn't interesting enough to attract my attention. Perhaps by throwing in a little more suspense or more action, the novel would have been more fun to read.

Important of Tuition

Below is a free essay on â€Å"Importance Of Tuition Reimbursement† from Anti Essays, your source for free research papers, essays, and term paper examples. Importance of Tuition Reimbursement And Adult Learning Education is an important tool for individuals as well as companies. Tuition reimbursement and extra time for adult learning can benefit both an employee and an organization.Providing tuition reimbursement for employees will promote loyalty, smarter employees who will benefit the company by having employees who are more understanding of profits, inventory, and working with others, as well as create future managerial prospects to better companies as a whole. Loyal employees are a major asset to companies and play a significant role in the success, efficiency, and effectiveness that a company achieves. Loyal employees will go the extra mile to delight customers and are highly motivated in their work. These employees would also resist offers of other jobs and would recomm end their company to potential employees† (Prewitt, 2003). By promoting loyalty, employees are more likely to be on time, stay with the company at least until their education is finished and are likely to continue with the company and be promoted.The more motivation and morale employees have from taking advantage of tuition assistance, the better example they will be for other employees and the more other employees will look up to these motivated employees. Motivated employees get others motivated which can lead to higher self-esteem, which can result in higher productivity of the overall company. The more motivated employees are the more work that gets accomplished.Another benefit from companies providing tuition reimbursement for employees is to better the success of the company and to improve the overall performance of the company. â€Å"While employees are attending school, employers get the advantage of new knowledge and innovative ideas put into practice right in the wo rkplace. Employees, in turn, have the opportunity to apply their education to real business situations. And, their educational pursuits may†¦

Useful Vocabulary for Job Interviews and Résumés

During the job interviewing process its important to use verbs that precisely describe your duties and responsibilities at your present and past positions. The following list provides verbs that are both precise and commonly used in an English-speaking workplace. These verbs are used to express responsibilities and tasks performed throughout an applicants professional career.   Great Action Words  for Your Rà ©sumà © A Verb Example Sentence accomplished I've accomplished a lot in my current position. acted She's acted as head of the department. adapted I adapt to team working situations easily. administered I administered four committees. advanced I've advanced many new ideas. advised I advised management on purchasing decisions. allocated I allocated resources on a weekly basis. analyzed I analyzed financial data. applied I applied my knowledge to workflow. approved I approved new products for manufacturing. arbitrated I arbitrated for Fortune 500 companies. arranged I arranged meetings. assisted I assisted the CEO. attained I attained the highest level of certification. B-C Verb Example Sentence blended I blended traditional approaches with new insights. brought I brought a team player sensibility to the job. built We built more than 200 homes. carried out I carried out a wide range of duties. cataloged I cataloged our company's library. collaborated I've collaborated with more than fifty clients. completed I completed the highest level of the training. conceived I've conceived of numerous products. conducted I conducted telephone surveys. constructed I constructed prototypes for marketing. consulted I've consulted on a wide range of issues. contracted I've contracted with large and small businesses. controlled I controlled more than $40,000,000. cooperated I cooperated successfully on more than team projects. coordinated I coordinated between sales and marketing departments. corrected I edited and corrected company brochures. counseled I counseled clients on insurance policies. created I created more than twenty advertising campaigns. D-E Verb Example Sentence dealt I've dealt with a wide variety of issues. decided I've decided I need to further my career. decreased I decreased spending while improving profits. delegated I've delegated tasks on a number of projects. detected I detected a number of mistakes. developed I developed an invention. devised I devised a plan to improve profits. directed I directed the sales department. discovered I discovered the reason. distributed We distributed throughout the country. documented I documented company policies. doubled We doubled profits in only two years. edited I edited company communications. encouraged We encouraged research and development. engineered I engineered a wide range of applications. enlarged I enlarged our community outreach. escalated We escalated the problems to the director. established I established company guidelines. estimated I estimated future costs. evaluated I evaluated investment opportunities. examined I examined sites for pollution. expanded I expanded our sales to Canada. experienced We experienced difficulties meeting the deadline. explored We explored a wide range of possibilities. F-L Verb Example Sentence facilitated I facilitated an exchange of ideas between the companies. finalized I finalized projections for the year. formulated I formulated answers to the questions. founded I've founded two companies. functioned I functioned as a liaison between management and employees. guided I guided operations through the process. handled I handled customer complaints. headed I headed an exploratory committee. identified I identified issues and reported back to management. implemented I implemented company plans. improved I improved the feedback process. increased We increased sales by over 50%. initiated I initiated investments into the latest technology. inspected We inspected more than two hundred companies. installed I installed air-conditioning units. introduced We introduced innovate products. invented The company invented double-sided tape. investigated I investigated customer complaints. led I led the sales department to its best year. M-P Verb Example Sentence maintained I maintained the company database. managed I've managed more than five hundred employees. moderated I moderated negotiations between the two companies. negotiated I negotiated a better deal for the company. operated I've operated heavy machinery. organized I've organized many projects. performed I performed as company clerk. pioneered We pioneered new sound technologies. planned I planned company retreats. prepared I prepared documents for management. presented I presented at many conferences. programmed I programmed the company database. promoted I promoted employees in human resources. provided We provided feedback to management. purchased I purchased materials for the company. R-Z Verb Example Sentence recommended I recommended cutbacks at the company. recorded I recorded notes during meetings. recruited We recruited the best talent. redesigned I redesigned company workflow. repaired I repaired watches for a few years. replaced I replaced the director after only six months. restored I restored the company to profitability. reversed We reversed the trend and grew. reviewed I reviewed company documents and made recommendations. revised I revised figures at the end of each quarter. screened I screened applicants during job interviews. selected I selected employees and assigned tasks. serviced We serviced all the buses in the area. set up I set up four branches. stimulated I stimulated discussion between departments. strengthened We strengthened sales abroad. summarized I summarized complex ideas so everyone could understand. supervised I supervised two teams on the project. supported I supported management with research. tested I tested a number of devices in the field. trained I trained employees. transformed We transformed the company in a short time. upgraded We upgraded our IT infrastructure. validated I validated customer claims. Use these verbs to really sell yourself. You only have a few minutes to show how good you really are. Using this precise vocabulary and being confident can help you make the best impression possible.