Moral Leadership and Business Ethics

The Economic Performance of the UAE

The Economic Performance of the UAE The aim of this paper was to analyze the economic performance of the United Arab Emirates (UAE). In particular, the paper focused on the effect of the decline in economic growth rate in 2012 and the fiscal policy that can be implemented to boost economic growth. The IMF predicted a reduction in economic growth of the country from 4.9% in 2011 to 2.3% in 2012. The country’s limited capacity to increase oil production is one of the factors that were expected to cause the decline in economic growth.Advertising We will write a custom report sample on The Economic Performance of the United Arab Emirates specifically for you for only $16.05 $11/page Learn More The findings of this paper indicate that the reduction of economic growth rate would reduce the country’s real output and increase unemployment in the long-run. Consequently, the government should implement an expansionary fiscal policy in order to stimulate economic growth. Moreover, the gover nment should focus on controlling the inflation and the crowding-out effect associated with expansionary fiscal policy. Summary of the Article According to the International Monetary Fund (IMF), the expansion rate of the economy of the United Arab Emirates (UAE) was expected to reduce from 4.9% in 2011 to 2.3% in 2012. The reduction was attributed to the country’s inability to increase its oil production. Nonetheless, the economy was expected to maintain its recovery. The 2009-2010 Dubai debt crisis adversely affected the country’s property industry. Consequently, Dubai World, which is a state-owned corporation, had to restructure its debts that were worth twenty five billion dollars. Nonetheless, the country was able to survive the crisis due to favorable oil prices and improved trade with Asia. According to the IMF, the uncertainty of the performance of the world economy was a threat to UAE’s forecasted growth. Concisely, continued decline in the performance o f the world economy would limit the ability of UAE’s state-owned corporations to replace their maturing debts with new ones. Despite the efforts made to restructure the debts, most state-owned corporations still required high refinancing. The IMF also believed that the government’s decision to consolidate fiscal policy was right. Explanation of the Article based on AD-AS Model The economy of the UAE as described in the article can be explained in the framework of the aggregate demand (AD) and aggregate supply (AS) model. The model is made of up of three curves namely, the â€Å"aggregate demand curve (AD), the short run aggregate supply curve (SAS) and the long run supply curve (LAS)† (Rossana 81). Figure 1 shows the short run equilibrium of the economy of the UAE. Aggregate demand includes consumption by private economic entities, investments, government expenditure, and net exports (Chamberlin, Linda and Yueh 241). In this regard, the factors that will cause a shift in the AD curve of UAE’s economy include foreign income, income distribution, and fiscal policy, as well as, anticipations concerning future output and prices.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Foreign income refers to the income earned in UAE’s major trading partners such as the United States of America, Europe, and Asian countries. According to the article, the recovery of the global economy is uncertain. This implies that foreign income will reduce if the global economy continues to deteriorate. Thus, the demand for UAE’s exports such as oil will reduce. As a result, the earnings of UAE’s exporting firms will decrease. This partly explains why the state-linked firms will not be able to rollover their debts if the performance of the global economy worsens. Overall, the decline in foreign income will cause the AD curve to shift to the left from AD0 to AD1, thereby reducing real output from Y0 to Y1. Following IMF’s prediction of economic decline, producers expect demand for their products to reduce in future. Thus, they will reduce investments and production in order to avoid the losses associated with high variable costs and low demand (Rossana 126). Similarly, consumers will associate the expected economic decline with reduced future earnings. Thus, they are likely to reduce consumption in order to save for the future. Consequently, the AD curve will shift to the left from AD0 to AD1, whereas real output will reduce from Y0 to Y1. As firms reduce investments and production in response to the expected economic decline, the â€Å"distribution of income from profit earners to wage earners is likely to worsen† (Minford and Peel 329). Generally, wage earners allocate a larger portion of their income to consumption than profit earners. Thus, allocation of income in favor of profit earners rather th an wage earners will move the AD curve to the left. Finally, the government’s plan to consolidate fiscal policy is likely to involve a reduction in public expenditure. This will lower aggregate demand, thereby shifting the AD curve to the left. The SAS illustrates the response of prices and real output to changes in aggregate demand in the short run (Romer 415). UAE’s short run supply curve will shift due to changes in productivity. The expected economic decline will lead to reduced productivity, thereby shifting the SAS curve in figure 2 to the left from SAS0 to SAS1.Advertising We will write a custom report sample on The Economic Performance of the United Arab Emirates specifically for you for only $16.05 $11/page Learn More Additionally, real output will reduce from Y0 to Y1. If the global economy continues to deteriorate, the prices of UAE’s exports will decline. This will discourage production among exporters, thereby reducing aggr egate supply. Thus, the SAS curve will shift to the left. The expected decline in economic growth will cause the aggregate supply curve and the aggregate demand curve to shift to the left. These shifts are associated with a reduction in real output from Y0 to Y1. As a result, the short run equilibrium of the country’s economy will shift from E0 to E1. Description of the Economic Situation of the Market The expected decline in economic growth will affect both the goods and factor markets. In the goods market, the economic decline can have positive effects for consumers. This is because inflation usually declines when economic growth reduces (Rossana 112). Concisely, economic decline reduces demand for goods and services. Thus, producers and sellers are likely to reduce the prices of their products in order to stimulate demand and to clear their stock of manufactured goods, thereby reducing inflation. In this case, the consumers will have a higher purchasing power than they had before the reduction of the prices. On the contrary, the price reductions will affect the producers negatively. This is because it will reduce their profit margins. In addition, some producers might sell their goods at a loss. The expected economic decline will also affect prices in the factor market. As profits reduce, companies are likely to implement cost-cutting measures such as reducing their workforce. Moreover, companies are likely to reduce their investments in new equipment or borrowing in order to expand their operations (Minford and Peel 215). In this regard, factor prices will fall. For example, wage rates are likely to reduce as companies layoff their employees. Similarly, interest rates, which is the cost of financial capital is likely to reduce as demand for loans declines. The reduction in factor prices will benefit producers by lowering their costs of production. Nonetheless, it will negatively affect suppliers of factors of production. For example, low wage rates will reduce workers’ disposable income and purchasing power. The Right Fiscal Policy Fiscal policy refers to the use of â€Å"government expenditure, taxation, and borrowing to influence the level of aggregate demand, output, and jobs in an economy† (Chamberlin, Linda and Yueh 197). Fiscal policy enables the government to influence the pattern of expenditure and income distribution in its economy.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Thus, Keynesians believe that fiscal policy has a great impact on consumption, productivity, and job creation in an economy that has an excess capacity. Thus, the government of the UAE should implement an expansionary fiscal policy in order to prevent a recession. An expansionary fiscal policy refers to â€Å"the increase in government expenditure and or a decrease in taxes that usually results into an increase in budget deficit or a reduction in budget surplus† (Chamberlin, Linda and Yueh 210). Justification for Implementing Expansionary Fiscal Policy An expansionary fiscal policy should be implemented because it will enable the government to reverse the economic decline. Concisely, the policy will spur economic growth by stimulating consumption and demand. The unemployment rate in the UAE increased from 3% in 2008 to 4.2% in 2012 (Nyarko 4-15). On the contrary, the country’s inflation rate was as low as 0.7% in 2012. The increase in unemployment rate, low inflation, and the expected reduction in GDP growth suggest that the economy is operating below its potential output. The government can push the country’s real output back to its near potential level by implementing an expansionary fiscal policy that involves an increase in public spending. Government â€Å"expenditure is one of the components of aggregate demand† (Rossana 47). Thus increasing it will result into an increase in aggregate demand. Figure 3 shows the effect of an expansionary fiscal policy on real output. According to figure 3, a rise in aggregate demand due to an increase in spending by the government will move the AD curve to the right from AD0 to AD1. Consequently, the country’s real output will increase from Y0 to Yp. In this case, Yp is the potential output. As the economy moves towards its potential output, the rate of GDP growth is likely to increase. How the Expansionary Fiscal Policy will affect the Economy First, the policy will lead to increased e conomic growth, thereby improving earnings in the private and public sector. Concisely, firms are likely to increase investments and to employ more people in order to increase their production in response to the expected increase in aggregate demand (Rossana 233). In this regard, increased productivity will raise firm profits and the incomes earned by workers. The government can also create employment through the expansionary fiscal policy. For example, it can create thousands of jobs in the construction industry by constructing new roads and schools. Second, an expansionary fiscal policy is likely to be inflationary. Figure 3 shows that prices will increase from P0 to P1 as real output increases after the implementation of the expansionary fiscal policy. A sharp increase in inflation is not desirable because it will reverse the benefits of the economic growth. Concisely, a high inflation reduces consumers’ purchasing power. Thus, aggregate demand will reduce if wages are not raised in response to the increase in inflation (Minford and Peel 316). Similarly, a high inflation will raise the prices of inputs, thereby increasing production costs. If the producers are able to pass the high costs of production to consumers, the prices of various goods and services will increase, thereby reducing demand. However, producers will have to absorb the high costs of production if they cannot share them with the consumers. In this case, firm profits will reduce in response to the high production costs. Nonetheless, the inflationary effect is not likely to be severe because the country’s inflation in 2012 was less than 1% (World Bank). Countries can increase their economic growth rate and create employment as long as they maintain a single digit inflation rate (Rossana 102). Thus, the inflation associated with the expansionary fiscal policy is not likely to be detrimental if it is less than 10%. Third, the expansionary fiscal policy is likely to increase UAEâ⠂¬â„¢s public debt if it is financed through borrowing. In 2012, the country’s public debt as a percentage of its GDP was 40%. Thus, the country is likely to fall into a debt trap if it continues to increase its public debt. A debt trap is a situation in which the government has to borrow in order to pay the interests charged on its existing debts. Countries that have fallen into debt traps often have poor credit ratings due to their limited ability to repay their loans. Thus, a low credit rating will limit the country’s ability to access capital from foreign lenders such as the IMF. High public debt is also not desirable because it involves a redistribution of income from taxpayers to holders of government debt securities (Romer 516). In this regard, it is likely to redistribute income from low-income earners who pay taxes to the rich who invest in government bonds. This is because the interests on government bonds are paid through taxes. Fourth, an expansionary fisca l policy is likely to have a crowding-out effect in the economy if it is implemented through a large deficit spending. In this case, the government will have to borrow a large amount of financial capital from the public in order to implement the policy. Conceptually, the government will be competing with private firms for capital. Consequently, interest rates will increase, thereby limiting the ability of private firms to access credit through the financial and capital markets. The government will have to increase taxes in order to repay the funds borrowed from the public. High taxes in the medium run will reduce consumers’ disposable income (Minford and Peel 117). The resulting reduction in consumption and demand, as well as, limited access to capital will lead to reduced investments. Thus, economic growth will decline. The Fiscal Policy Tools The tools that should be used to implement expansionary fiscal policy are increased government spending and tax cuts. Increased gover nment expenditure can be implemented in the following was. First, the government can increase its transfer payments. This involves increasing expenditure on social security programs such as unemployment benefit, state pension, and grants to students. Transfer payments ensure that every citizen has access to some minimum regular income (Minford and Peel 391). Transfer payments will improve the purchasing power of the poor, thereby increasing aggregate demand and economic growth. Second, the government can expand its current budget on recurrent expenditure. This involves increasing expenditure on public goods such as education and health care. In this regard, the government can increase employment in the education and health sector by hiring more teachers and nurses respectively. Additionally, the government can improve the salaries of workers in the sectors that provide public goods. Provision of public goods also involves expenditure on consumables such as stationery. Thus, aggregat e demand is likely to increase as the government increases its expenditure on public goods. This will lead to improved economic growth. Finally, government expenditure can be increased through capital spending. This involves increasing investments on infrastructure such roads, schools, and hospitals. Capital spending has a great effect on aggregate demand and supply because it stimulates high consumption. For example, construction of new roads will increase demand in the industries that supply construction materials. In addition, construction projects usually create thousands of employment opportunities. This will help the country to address the problem of persistent unemployment. Taxes can be direct or indirect. Direct taxes are charged on employment income and profits. Indirect taxes are levied on spending. They include value added tax (VAT) and excise duties on goods such as petrol. Most residents of the UAE do not pay personal income tax. Nonetheless, corporate tax is charged in most of the emirates. For example, nearly all companies in Dubai pay taxes on their earnings. In Dubai, corporate tax can be as high as 55% (Nyarko 4-15). Generally, most emirates levy corporate taxes on foreign oil companies, petrochemical firms, and foreign banks. These companies pay up to 55% of their operating profits as income tax to the government. Even though most residents of the UAE are exempted from income tax, they usually pay several indirect taxes. For example, municipal taxes of between 5% and 10% are usually levied on revenue generated from entertainment services, hotel operations, and commercial premises (Nyarko 4-15). In addition, most imported goods are subject to an import duty of up to 5%. Thus, the government can still implement the expansionary fiscal policy by reducing indirect taxes that are levied on consumption. For example, a reduction of taxes on entertainment and hotel rooms can lower the cost of staying in hotels. Consequently, hotel occupancy will inc rease, thereby raising the income of hotel owners and securing jobs in the hotel and restaurant industry. In addition, the government can reduce the corporate taxes that are paid by foreign oil and bank companies in order to improve their earnings. Lower taxes will enable these companies to allocate a better part of their earnings to investments rather than paying taxes. This will increase their productivity, thereby promoting economic growth. Impact of the Fiscal Policy Tools in the Economy Increased Government Expenditure Increased government spending will benefit the economy in the following ways. First, capital spending will lead to an increase in the total assets of the state. In particular, it will lead to expansion of the infrastructure that is necessary for the growth of businesses in the country. For example, the expansion of roads and railway systems will improve efficiency in transportation. The resulting reduction in the cost of transportation will reduce the overall cos t of producing goods and services in the economy. According to figure 4, a reduction in the cost of production shifts the aggregate supply curve downwards, thereby increasing real output from Y1 to Y2. This shows that investments on infrastructure that support economic activities will lead to high economic growth. Furthermore, foreign direct investments are likely to increase if capital spending is used to expand the country’s infrastructure. For example, more airlines are likely to operate form Dubai if its airport is expanded. This will create more jobs and spur economic growth through increased consumption. Second, provision of public goods and services such as education and health care will have positive supply-side effects in the economy by improving the quality of the country’s human capital. For example, funding higher education through grants to students will enable more people to improve their technical skills. People with high academic qualifications are like ly to be highly productive because they have the knowledge and skills that are necessary for achieving innovation (Al-Khateeb, Darrat and Elkhal 297-306). Similarly, spending on youth apprenticeship programs will enable fresh graduates to gain adequate job experience, thereby improving their employability. Concisely, it will enable the government to improve the competitiveness of the youth in the job market in order to reduce unemployment in the country. Similarly, expenditure in the health care sector will improve the health status of the citizens, thereby improving their productivity. Third, expanding social safety net programs is an effective way of improving the incomes of the poorest people in the country. By 2012, nearly 10% of the population of the United Arab Emirates was living in poverty (World Bank). Improving the income of the population living in poverty through transfer payments will boost consumption. The resulting increase in demand for goods and services will encour age producers to increase their output through new investments. Transfer payments are also a means of income and wealth redistribution in the economy. This is because transfer payment programs are financed through taxes, which are often paid by the rich. The benefit of redistributing income from the rich to the poor is that it enhances equality in the economy. Additionally, reducing income disparity reduces the chances of social unrests, which can hinder productivity and economic growth. Tax Cuts Tax cuts will affect the economy in the following ways. To begin with, reducing corporate tax will enhance investment in the economy. The oil and gas sector contributes approximately 31.3% of the GDP of the United Arab Emirates (Nyarko 4-15). Nonetheless, companies in this industry, especially, the foreign ones pay nearly 55% of their operating profits as taxes. This reduces the amount of funds that firms in the industry can allocate to investments and expansion. According to the article, r educed production in the oil and gas industry is one the factors that were expected to slow the country’s economic growth. However, productivity in the industry can be improved by lowering taxes in order to enable firms to allocate a large portion of their earnings to investments. For instance, firms in the industry can focus on oil exploration, thereby increasing the country’s oil and gas output. Any small increase in productivity in the oil and gas industry is likely to have a great multiplier effect in the economy. This is because the industry employs thousands of people and supplies oil, which is the main source of energy for production in the country. Lowering taxes is also likely to attract foreign direct investments in the country. Foreign investors often invest in countries that provide tax incentives so that they can improve their earnings. An increase in foreign direct investments will have a powerful demand-side effect in the economy. Concisely, the consumpt ions associated with new investments by foreign investors will increase the demand for various goods and services in the economy. The increase in demand will encourage producers to increase their output, thereby increasing the country’s GDP (Rossana 88). Finally, reducing the level of compulsory pension contribution will improve the purchasing power of the citizens. Concisely, a reduction of the compulsory contributions will enable the citizens to have a high disposable income, which will enable them to purchase more goods and services. Impact on Macroeconomic Indicators The article highlights three important macroeconomic factors, which have implications for the country. These include the expected reduction in GDP growth, planned fiscal consolidation, and uncertain performance of the world economy and financial markets. These factors will affect the country’s unemployment and output in the following ways. Output The forecasted reduction in economic growth means that t he country’s output (measured by GDP) expanded at a slower rate in 2012 than in the previous year. Expectations concerning future decline in economic activity usually influence production decisions. Producers and investors associate a reduction in the rate of economic growth with a decline in profits or corporate earnings (Romer 477). Thus, they are likely to reduce their output in response to the expected decline in demand as the economy slows down. In this regard, expectations of a decline in future earnings will lower the country’s output. The country’s output is also likely to decline if the global economic environment continues to deteriorate. Concisely, poor performance of the world economy will reduce the demand for the country’s main exports such as oil. Thus, UAE’s exporters will reduce their output in response to the low demand for their products. Similarly, uncertainty in the global financial environment will limit the ability of UAEâ₠¬â„¢s firms to access credit from foreign markets. This will limit investments and reduce the country’s output. Fiscal consolidation involves implementing strategies that enable the government to reduce its budget deficit and overall public debt (Rossana 121). Thus, fiscal consolidation involves a reduction in public spending by the government. Reducing government expenditure is essentially a contractionary fiscal policy. According to figure 5, a reduction in government spending will cause a shift in the aggregate demand curve to the left, thereby reducing real output from Y0 to Y1. Thus, fiscal consolidation is likely to reduce the country’s output. Unemployment Unemployment is a lagging macroeconomic indicator because it usually takes time to respond to a change in GDP growth. Thus, the country’s unemployment rate may not change significantly in the short run as the economy slows down. Reducing the workforce in response to falling demand and hiring new employe es as economic activity improves usually involves high costs. Thus, firms are likely to retain their employees in the short run even if the rate of GDP growth is reducing. In this case, the unemployment rate may not increase by a big margin. Okun’s law suggests a negative long run relationship between unemployment and GDP growth (Chamberlin, Linda and Yueh 245). Thus, if the country’s economic decline persists for a long time, unemployment rate will increase. This is because firms will opt to reduce their workforce in order to avoid high fixed costs. According to Okun’s law, the rate at which new jobs are created depends on the rate of GDP growth. Thus, a reduction in the growth of the country’s GDP will slow the rate at which new jobs are created. Hence, the problem of high unemployment will persist. Conclusion The IMF expected the rate of GDP growth in the UAE to decline from 4.9% in 2011 to 2.3% in 2012. This decline was attributed to the countryâ€⠄¢s limited capacity to increase oil production and uncertain global economic environment. The country’s government can stimulate economic growth by implementing an expansionary fiscal policy. In particular, it should increase public spending and reduce taxes. An expansionary fiscal policy is appropriate because the country has a low inflation rate, whereas its unemployment rate is high. Additionally, the policy will stimulate demand, thereby increasing the rate of GDP growth. Nonetheless, an expansionary fiscal policy is likely to be inflationary. Moreover, it can crowd-out investments in the private sector and increase public debt if it is financed through large-scale borrowing. In this regard, the government should also implement policies that will prevent high inflation and the crowding-out effect. Appendix Figure 1: AD-AS Model (shift in AD curve) Figure 2: AD-AS Model (shift in SAS curve) Figure 3: Effect of expansionary fiscal policy Figure 4: Effect of reduced prod uction costs Figure 5: effect of fiscal consolidation Al-Khateeb, Faisal, Ali Darrat and Khaled Elkhal. The UAE Growth Surge: Have Information Technology and Human Capital Contributed? Studies in Economics adn Finance 24.4 (2007): 297-306. Print. Chamberlin, Graeme, Linda Linda and Yi-Chuang Yueh. Macroeconomics. New York: McGraw-Hill, 2006. Print. Minford, Patrick and David Peel. Advanced Macroeconomics. New York: John Wiley and Sons, 2002. Print. Nyarko, Yaw. The United Arab Emirates. Business. New York: UNU-WIDER, 2013. Print. Romer, David. Advanced Macroeconomics. New York: McGraw-Hill, 2011. Print. Rossana, Robert. Macroeconomics. London: Oxford University Press, 2011. Print. World Bank. UAE Economic Indicators. World Bank Group, 31 Dec. 2012. Web.

International Management Essay Example | Topics and Well Written Essays - 750 words

International Management - Essay Example Accumulating precious metals like gold and silver were considered to be one of the most important indicators of wealth. As a result of this, heavy duty was imposed on exports of gold. Thus the aim of nations is to accumulate more and more precious metals. Trade in the modern world is entirely different from those centuries. Economists had understood that precious metals cannot be set as a benchmark as their reserves are limited. Moreover, colonialism which was one of the major strategies of wealth creation cannot be practiced in the present world. Imports cannot be controlled in the present economy. Nor can the exports be penalized with heavy duties. For an effective balance of trade, a proper import and export level is required. The assumptions of mercantilism are totally against globalization without which economic development cannot happen in the modern world. Mercantilism also involves forceful sales of goods to consumers leaving them no better option. Such practice cannot be ado pted in the modern world. Therefore, it can very clearly be concluded that mercantilism is a bankrupt theory. Falling dollar and rising exports A falling dollar means that dollar is being undervalued against other major currencies. Such a phenomenon will have a huge impact on the export figures. In the case of exporting, dollars are received for the goods that are exported. â€Å"A lower dollar increases the price competitiveness of US exports.† (Economics Help, 2011) When dollar is devalued, more dollars will have to be paid for transactions. Therefore, from the US perspective more dollars will be received in terms of the payments made by importing countries. As a result of this, there will be a temporary increase of revenue for the exports sector. This scenario is highly beneficial for the manufacturing and exporting companies and a little unfavorable for the importing companies. â€Å"A weaker dollar makes it easier for foreign investors to acquire key U.S. assets, such a s manufacturers.† (Duesterberg, 2008) The weak dollar makes American goods cheaper in the global markets. As a result, American exporting companies will reap huge benefits. Companies can generate more profits in this scenario and thereby accumulate more greenbacks in their reserves. This will help the US manufacturing companies to be highly competitive against their Peers. For example, Proctor & Gamble, which produces majority of its products in US, will see an increase in profits when the dollar falls. At the same time, its archrival Unilever, which belongs to Europe, will see its profit diminishing. Therefore, a series of decline in dollar value will benefit the US companies while at the same time hitting the importing companies. Importing companies will have to pay more greenbacks for the goods that are imported into US. This will lead to low profitability for them. Organizational issues of transnational of transnational strategies A transnational strategy is defined as a c ommon strategy that is suitable or acceptable for various markets. â€Å"When employing a transnational strategy, the goal is to combine elements of global and multidomestic strategies.† (Enotes.com, 2011) Transnational strategy was being introduced in order to eliminate the limitations of global strategy. A global strategy may not be suitable for

Keepers of the Future Essay Example | Topics and Well Written Essays - 1250 words

Keepers of the Future - Essay Example The shortage of well-trained, credible teachers who possess the right personal qualities necessary for preschool teachers is becoming widespread.   Government funds simply cannot provide the proper training for them, much less, the salaries and benefits they need.   Hence, it is a sad reality that many children miss out on the benefits of quality care and education.   More basic than education, health of children all over the world, is likewise at risk, as reported by UNICEF (2008) in its report on the State of the World’s Children 2009.   These articles have impressed upon me a sorry future for today’s young children if people will not move to make it better for them. The shortage of well-trained, credible teachers who possess the right personal qualities necessary for preschool teachers is becoming widespread.   Government funds simply cannot provide the proper training for them, much less, the salaries and benefits they need.   Hence, it is a sad reality that many children miss out on the benefits of quality care and education.   More basic than education, health of children all over the world, is likewise at risk, as reported by UNICEF (2008) in its report on the State of the World’s Children 2009.   These articles have impressed upon me a sorry future for today’s young children if people will not move to make it better for them. Third world countries may suffer a more dire reality, depending on the people’s priorities.   In the Philippine setting, education is seen as a major priority and investment of parents. Hence, many families believe in preschool education.   At least in the metropolis, the country’s growing profiles of dual-income earning families is pushing more and more parents to enroll their young children in preschools instead of leaving them with the household help.   As children turn two years, many parents already go out to choose the right preschool for their toddlers. This cho ice must be seriously made since a wrong choice of preschool may cause more harm than good for the children. Like in the articles, many teachers in the Philippines are not appropriately trained to handle very young children.   Traditional approaches such as lecturing and expecting young children to learn from mere workbooks and rote still prevail.   Although there are a lot of preschools in existence upholding more progressive methods and developmentally-appropriate practices, their market is very limited since such schools tend to charge higher rates.   And even if training is available for teachers in carrying out progressive methods, it is a common complaint among them that administrators of their school are just not open to implementing it because of their resistance to get out of their comfort zones.

Proposal - Emirates Academy Scholarship Research

- Emirates Academy Scholarship - Research Proposal Example The increase in the number of tourism has increased business for hotels and other sectors such as airlines and retail. As the tourism industry has registered increased growth, the number of hotels has also received an upward growth to the growth in the demand and number of guests in the country (Desai 28). Not only has the growth in tourism led to the growth in the number of hotels and hotels rooms in the region, it has also led to increase in prices charged by hoteliers. No. of UAE nationals in the hospitality industry in Dubai According to Stephenson (14), the number of UAE nationals working in the hospitality industry in Dubai has been increasing with time, as a survey in the hotels reflects. As the hotel business has increasingly faced growth and expansion, the number of people seeking both education and work in hotel and hospitality has also grown significantly (Jain web). Although no actual data is figuratively available to show the number of Emirati working in the hotel indust ry in Dubai, the situation has recorded growth over the last few years. Jumeirah international LLC maintains employment data has prioritised in facilitating and monitoring Emirati employment. In 2012, the number of Emirati employees working in Jumeirah grew from 178 to 233, while in 2013 it has reached at 226. New schemes adopted by different hotels have led to the rise in the number of Emirate nationals working in the industry. Different schemes have been adopted by different groups that have sought to increase locals seeking employment in the hotels. Generally, Emirates has been a hospitable region, with other nationals seeking employment in hotels based in Dubai. The number of working hours has been the biggest turn off so far for the Emirati seeking to be employed in the hotels (â€Å"Food Weekly News† web). Year growth (%) of UAE students intake/graduated The increase in the number of Emirati working in the hospitality industry indicates an increase in the number of stud ents enrolling in hospitality institutions. In EAHM for example, the total number of Emirate nationals who have joined the undergraduate program is 56 since the year 2001. Similar to the high turnover rates in the jobs, the withdrawal trends in the school are also high. Up to 43% of all students who enrol for the hospitality program have been found to drop. However, more measures have been put up by the government to ensure more students enrol and complete their studies in the college and other schools of hospitality (â€Å"Al Bawaba† 1). Specialties that UAE nationals target According to the UAE National Charter 2021, the UAE nationals target champions in all the fields of the economy (â€Å"United Arab Emirates Ministry of Cabinet Affairs†

Influence of Product Packaging on Consumers

Influence of Product Packaging on Consumers The manner and importance of Packaging Design in Terms of Practical Business and Shipping Considerations as well as in the Marketing and Consumer Context with Respect to Design, Construction and Content. Chapter 1 – Introduction The concept of product packaging along with design represents an understanding that to market one’s item to consumers entails an understanding that they have choices and the core idea in implementing the preceding represents swaying that choice to one’s particular brand. Product packaging, in terms of human history and civilization, is a relatively new concept in that the early tribal and village cultures caught and consumed food where it was located, moving frequently to avail themselves of game and growing produce (Berger, 2002). The self contained and self sufficiency nature of this type of existence created little need to store, transport or package items as they were consumed almost instantly. Containers of that period consisted of leaves, shells and gourds which later gave way to materials that were of natural origin, such as animal organs, containers made of woven grasses and logs that were hollowed (Berger, 2002). As humankind progressed, gathered into larger vi llages and what could be termed towns the increased nature of commerce included foodstuffs as an item of trade. Trading marts sold not only woven materials and fashioned implements, but were a location where hunters and farmers brought items to market to be sold. The earliest example of pottery and earthen containers has been traced back to the Paleolithic period around the 11th millennium where samples were found in the Japanese islands (Wikipedia, 2005). The initial uses with respect to food and other products was the mass or volume storage of grains, jewels, and weapons such as arrows and other items, with this evolving into farmers and merchants devising means to measure amounts and weigh items to sell to buyers and purchasers on an equal basis. The development of a uniform size for varied containers which held differing amounts provided a quick and consistent measurement via which merchants could relatively quickly dispense varied amounts in uniform measurements and as commerce grew, crude packaging was utilized to (Berger, 2002) Hold specific amounts of products that helped to define the size or amount that would be purchased by consumers. Protect products from being contaminated as well as from varied forms of environmental damages such as rain, dust, etc. and to help to limit or prevent theft. Aid in the transport of products as well as storage and movement. And later to provide a means of identification which evolved into the utilization of designs and markings that made attractive display additions. 1.1 Types of Packaging There are varied types of packaging which have been employed through the ages as the innovations and discoveries in other fields impacted upon this area. As a result packaging categories can be divided into the following segments: Flexible: This is comprised of material that easily bends and conforms to the contents, and in the case of modern packaging consists of containers that hold sugar, potato chips and the varied packages that we utilize to put items into for carting home from the market. The utilization of cloth, leaves and woven grasses falls into this category and represents some of the earliest forms of packaging utilization. Flexible packaging is termed â€Å"source-reduced†, which means that it adds and or has the least amount of material when compared with other packaging types that could be utilized, thus adding minimal weight (Integrated Waste Management Board, 2005). The advantage is also that flexible packaging is easily discarded after use. Flexible packaging use on a commercially wide scale basis has been traced back to the Chinese in the first or second century BC, who utilized sheets of mulberry bark that was treated as a wrapping for foods (Logan City Council, 2005). The Chinese refined and further developed packaging techniques in the ensuing centuries as a result of innovations in the art of making paper and as the knowledge of papermaking spread across continents as a result of exploration and trade, it made its way through Asia and eventually Europe. Papermaking was first introduced in England in 1310 and arrived in the United States in 1690, when it was introduced to Germantown, Pennsylvania (infoplease.com. 2005). Paper then consisted of a thin sheet of cellulose and its early development comprised cellulose fibers that were derived from flax, which is the same plant that is utilized to make fibers for linen. The early demand for paper actually created a situation whereby old linen rags were utilized as a fibe r source in its making. It was not until 1867 that making paper from wood pulp, the process we commonly are familiar with, came into use (Berger, 2002). The plentiful and inexpensive nature of this supply source resulted in its becoming the primary source of papermaking and permitted the utilization of paper based products to be used in various manners. As wood pulp replaced cloth, the use of paper became widespread as the cost to manufacture it rapidly decreased. The first important development in packaging came with the creation of paper bags in 1844 when this was introduced in Bristol, England. Francis Wolle in the United States invented a machine in 1852 that made paper bags and this made the use of this type of packaging to become one of the primary sources of that time (TheGreatIdeaFinder.com). Developments along these lines continued in the 1870 ´s as glue was utilized to make paper sacks, along with the introduction of the gusset design which is the construction method we are familiar with today. Further advancements included the invention of machinery that produced what is termed as in-line printed paper bags which aided in marketing and merchandising differentiation. The development of the glued paper sack enabled the replacement of the more expensive cotton flour sack, and eventually the creation of multi-walled paper sacks permitted this material to replace cloth when the method to sew multi-walled paper sack ends was invented in 1925. The development of plastics as a packaging material came into being in the early 1970s and as a result of its many forms, it occupies the flexible, semi-flexible and rigid categories along with paper. Semi-flexible The utilization of paper based packaging as a material took a further step with the development of paperboard, which we understand in today’s context as the type of paper utilized in cereal packaging. This innovation was first produced in the United Kingdom in 1817, which is approximately two hundred years after the Chinese invented this process (Logan City Council, 2005). Corrugated paper, which is another form of cardboard or paperboard, first appeared in the 1850s. This method entails utilizing then sheets of paperboard which are processed into a wave shape for additional rigidity and then these sheets are placed between two flat paperboard sheets (paperonline.com, 2005). The method provides for added strength as well as light weight, the foregoing along with the inexpensive nature of the material makes it particularly well suited to shipping as well as for storage use. During the early 1900 ´s the preferred method of shipping many products was in wooden crates, which added considerable weight as well as the initial cost to produce, but they are prized for their durability (paperonline.com, 2005. The manufacturers of these crates put up a valiant battle to delay the utilization of cardboard crates made of corrugated paperboard, and after considerable litigation the paper based carton was introduced. Today, these crates are called C-flute corrugated paperboard cartons (Michigan State University, 2005) and represent the major shipping container in utilization. In reality, the development of what is termed flaked cereals hastened the utilization of paper based cartons. The Kellogg Company located in Battle Creek, Michigan in the United States was the first company to utilize cartons for cereal. The product started as a health food for sanatorium patients that soon caught favor with the public and the Kellogg Company took their product mass market. Th e packaging originally consisted of a heat sealed bag of Waxtite that covered the outside of the box. This outer wrapper contained the Kellogg name as well as advertising printing (Kellogg’s.com. 2005). Today’s cereal boxes utilize a wax type inner container to hold the product with the outside paperboard carton as the sturdier material. This outer box contains the brand identification and advertising copy. The paperboard containers as well as other forms of paper based packaging gained popularity with consumers as a result of their light weight, markings and ease of storage. On the business side of the ledger, the low cost and ability to create a meaningful differentiation from other products helped to found the packaging design revolution which is prevalent everywhere we look. The continued development of plastics saw this material introduced as a packaging item during the late 1970s as it began to replace paper utilization in varied packaging instances (British Plastics Federation, 2005). The relative strength to weight ratio of plastics as well as its ability to be easily molded into any conceivable shape as well as color combinations that designers wanted provided marketers with unlimited variables to create differences. At first, plastic packaging as we know it today did not immediately land on store and counter shelves, the utilization of shapes, colors, and unique packaging conc epts evolved as is the case with any innovation. The manufacturing advantage of plastics in addition to the aforementioned benefits is also a factor of its weight to contents ratio which significantly decreases shipping costs. Plastics, as with some types of paper, occupy all three classifications, flexible, semi flexible as well as rigid, depending upon the method utilized. Rigid The first rigid material utilized in product packaging, as mentioned, was earthen pottery and this was primarily utilized as a storage and measuring device rather than for the packaging of products. Glass and metal containers, in terms of their utilization in packaging, although not in our modern mass merchandising format, came into use in 1500 BC and 1200 AD respectively (glassonline.com). The art of glass making first began as an alternative to pottery in 7000 BC, yet it did not become industrialized until 1500 BC when the Egyptians mass produced it. The materials required for the formulation of glass, soda, limestone, sand and silica, were plentiful in the Egyptian region (glassonline.com). The basic process of melting the indicated materials and molding them while heated has changed very little through the ages, however, the techniques regarding molding have progressed. At first, the molding process consisted of pressing the hot molten material into cups and bowls. The invention of the blowpipe by the Phoenicians around 300 BC advanced production dramatically and permitted the formulation of round containers which enabled food to be stored as well as transported (glassonline.com). It was not until the late 17th century, when the split mold was invented that the use of glass containers became more suitable as a packaging item on a large scale as it enabled the formation of shapes that were irregular as well as decorative designs that were raised. The preceding permitted placing the manufacturer as well as the name of the product onto containers thus providing marketing identification. Improvements in manufacturing processes during the late 18th and early 19th centuries reduced the cost of manufacturing glass containers through increased production techniques and other refinements thus making them economical in terms of utilization for mass consumer marketing whereas they were heretofore mostly utilized as vessels in shops and for higher end product sales such as drugs and other expensive mixtures (glassonline.com). The preceding was a result of Owens invention of the automated rotary bottle machine, which was patented in 1889 (glassonline.com). From that point on, until the late 1960s, glass dominated the container market for liquid based product, later replaced by plastics and coated paperboard containers, such as used in milk, juice and other formats. The preceding developments in plastics and paper based liquid containers once again relegated glass back to utilization for high end products as a result of its higher weight ratio, relative fragile nature and high cost relative to other materials (glassonline.com).   Tin plating samples were discovered in the Bohemia region of Europe that date back to 1200 AD, and samples of iron coated tin cans were discovered in Bavaria dating back to the early 14th century (Kratzsch. 1999). Tin was utilized as it can be plated in very thin layers over other metals, such as iron. In ancient times, cups, plates and eating implements for royalty and boxes were made of gold and silver.   The tin plating process was held as a closely guarded secret by Bavaria until it was stolen by the Duke of Saxony in the late 1600s and thus the method found its way to France and England by the early 1900s (Kratzsch. 1999).. The process of tin plating was brought to the United States in the early 1900s by William Underwood and very quickly, it replaced iron in the manufacture of many items as a result of its light weight, low cost and higher rigidity (Maine Preservation.com, 2005). The first utilization of tin for food packaging came as a result of an offer proffered by Napoleon Bonaparte in 1809 who was seeking a means to feed his troops (hyperhistory.com, 2005). Until that time, metal was considered poisonous in terms of using it for food storage. A Paris chef, Nicholas Appert, discovered that tin was not poisonous, nor did it affect the taste of food stored in it as long as the food had been boiled and then sealed into the container (hyperhistory.com, 2005). This was development was followed in 1810 by the creation of the tin cylindrical can, patented by Peter Durand of the United Kingdom (Cookery-Online.com, 2005). Until this time, metal was utilized to store and sell tobacco products, which had begun as early as 1764 in London. The discovery of tin’s applicability for long term food storage in varied sized containers found its way to its use for cookies and matches in the early 1830s (Cookery-Online.com, 2005). At this point, its utilization on a mass scale for food storage had not taken off as a result of the relatively high cost as cans were lead soldered on a hand made basis with a hole of 1  ½ inches at the top which was utilized to squeeze the food through. Then a small patch with an air hole was left and the food inside was boiled and the patch then closed (hyperhistory.com, 2005). The process was lengthy and prohibited mass production as approximately sixty cans could be so completed in this manner. The development of the aluminum can took off in earnest in 1852, with prices declining at a steady rate until 1942. Aluminum gradually replaced tin cans utilized in food storage applications. Rigid containers can be fashioned from paper based products, plastic, glass, as well as metals, and all h ave and do have their place in the modern forms of packaging, design and marketing. Chapter 2 – Importance of Packaging The advance of civilization from a tribal based existence is due to humanity’s consistent innovation and adaptation to find new methods of feeding, clothing and conducting commerce. The development of new packaging techniques and innovations have been innovated through the ages as a result of the aforementioned, as well as the vision of individuals who saw needs, voids and opportunities to be filled. Without our modern forms of plastic, metal, paper, cardboard and glass containers, carton and other packaging types, civilization could not exist. Taking the preceding past the simplistic need variable, the existence of all these differing forms of containers has spurred a climate of competition which benefits mankind in that consistently newer and better methods are being devised to create products, convenience, longevity, lower costs and develop new products. And while food packaging has formed the primary undertone of the examples thus far provided, the evolution of packaging has also made possible our modern world of commerce which provides medicines, all manner of processed as well as unprocessed foods, perfumes, smoking products, health and beauty aids, clothing, furnishings, fixtures, and whatever you see have either been delivered by, packaged in or still remain in one of the three packaging classifications of flexible, semi-flexible or rigid containers. Those television programs we watch would not be possible save for the safe and dependable containers T.V sets are shipped in, and even the design and outside container holding the picture tube or high definition contents is a packaging element distinctive to its brand. The toothpaste, toothbrush, soap, body powder and other articles found in one’s bathroom are in containers or packaging made possible by advances in plastics, paper and metal components as well as compositions. Life as we know it would not be the same without our potato chips, coffee, tea, bread, eggs, meats, vegetables, fruits and the like all which were either processed or put into containers made from paper based products, plastics, metal or glass. The foregoing represents the broader societal aspects concerning the importance of packaging in general terms. More specifically, the processes and allied aspects of packaging in terms of marketing, mass distribution, quality of life, benefits to mankind, truth in advertising and contents, along with environmental factors are the broader considerations which shall be broached, along with other aspects. In terms of marketing and differentiating one’s product from other competing brands, packaging does indeed matter. The look, style, colors, shape and other features help to distinguish one’s brand from others thus enabling consumers who are used to or seek to purchase a brand to locate it easily (Sheffield, 2003). In a world crammed full of like product types, â€Å"†¦a unique bottle design†¦Ã¢â‚¬  or unusual box could very well be the reason a consumer elects to purchase a product for the first time (Sheffield, 2003). Thereafter, the product’s fulfillment of its promise in terms of taste, performance, features, durability, usability or other factors helps by and large to determine is continued selection by consumers. But, in order for the second equation to take place, the first one must occur (Sheffield, 2003). This however was not always the case. Recent innovations in plastics and formulation techniques have driven down the costs of manufacturing unique shapes and designs, some of which are of ergonomic benefit, convenience, usability, or simply for eye appeal. An example of the preceding can be found in Nestlà ©Ã¢â‚¬â„¢s new tough bag introduced for its Purina Dog Chow line. The company replaced its prior multi-wall paper package â€Å"†¦ a woven polypropylene material†¦Ã¢â‚¬  (findarticles.com, 2004) that resists tears from fork lifts and consumer use, has an improved appearance on selling selves and offers an easier to utilize opening technique that is more convenient helped to increase store sales as a result. The foregoing is in light of the fact that the packages contents remain unchanged. Other innovations by the same company includes an improved Nesquick syrup bottle that is easier to hold and grip for kid sized hands, offered an improved shelf look and the open top left less of a syrup mess through the use of an inverted bottle that featured a no drip cap. The innovation helped Nesquick to increase sales to the consumer market while not making any changes to the actual product itself (findarticles.com, 2004).   The c ompany claimed that since the introduction of the new container its syrup sales rose 15% over the same fiscal period one year prior and that the company gained 2.6 points in market share points (findarticles.com, 2004). The foregoing points out the importance of packaging in offering new ideas, convenience, usability and function to consumers that can aid in driving sales. The preceding is an example of function defining form. Another example of the preceding is the introduction of ring-pull pop top cans. We now take this innovation for granted all but forgetting how we ever opened soda cans in the past by pushing down on a perforated opening that usually found us spilling some soda in the process. Since the introduction of this new opening feature ring-pull pop top cans now comprise one-third of the soda can market and it is expected to increase to two-thirds by the year 2008 (Gubero, 2005)   The importance of packing in its purest sense means that it fulfills the objective of utilizing a minimum of resources and waste to accomplish its object of delivering its contents to the end user in safe manner whereby the contents arrive as intended. It must be remembered that our entire way of life is held together by the innovative means that we utilize to wrap, protect, ship, store and market all types of products. The foregoing is made even more dramatic by the following (Pongracz, 1998): Food packaging conserves perishable items from spoiling early and thus in the long run extents the useful life of foods which for all intents and purposes could not be brought to market for the millions of global urban dwellers to utilize and enjoy. Packaging in general enables us to improve the quality of life by manufacturing items which can be essentially transported to any corner of the globe, be it food, cosmetics, medicines, appliances, furnishings, electronics, etc. The increased urbanization of the globe is placing an ever increasing reliance on packaging as a means to support this explosion. The facts are that (Pongracz, 1998): 150,000 individuals are added to the current urban population totals each day. 35 years ago only one-third of the earth’s population lived in cities It is predicted that by 2025 two-thirds of the global population will be living in urban locales. The preceding translates into the fact that in 2025 more individuals will be living in cities than the entire population of earth just ten years hence. By 2015 there will be a total of 33 mega cities, each with a population count in excess of 8 million each, and over 500 cities with populations in excess of 1 million. The preceding population aspects dramatize the extent to which packaging plays in our daily lives and how it has influenced our mode of living. The indicated figures are made even more meaningful when one considers that Tokyo is a city of 27 plus million, and that Sao Paulo in Brazil has a population in excess of 16.4 million. Food packaging, as an example, economically utilizes resources that if prepared in another manner would result in massive waste. The processing and packaging of food permits the residues to be utilized as either feed for animals, food by products or fuel. It is estimated that food waste in under developed countries is between 20% to 50% as a result of either poor packaging and or preparation methods, and or the absence of packaging altogether. The foregoing becomes dramatic when compared against Europe where food wastage is approximately 2 to 3 % (Pongracz, 1998). The fact is we must increase our efforts at conservation as efficiencies not only in foods, but in all aspects of resources.   It has been estimated that for each one percent increase in the utilization of food packaging, the resultant waste decreases by approximately 1.6% (Pongracz, 1998). 2.1 Packaging Content The ramifications of packaging encompass those desiring to have their products purchased, with those who are the objects of this activity and governmental regulation that is empowered to act in the best interest of society. This triumvirate represents the real world factors which companies must consider if they desire to be successful in their long term interests. The dichotomy that exists as a result of the foregoing is as follows; Business The companies that manufacture products must be mindful of the ramifications of end use from not only a consumer and governmental perspective, but also in terms of competitor activities and their introduction of continued new, improved and innovative products. This playing field however is fraught with aspects that create a marketing environment that has resulted in increased rounds of governmental regulation. The FTC states (Vitamin Lawyer, 2005): â€Å" Advertising claims based solely on traditional use should be presented carefully to avoid the implication that the product has been scientifically evaluated for efficacy.† The purpose of the Food and Drug Administration is (U.S. Food and Drug Administration, 2005): â€Å"†¦ protecting the public health by assuring the safety, efficacy, and security of human and Veterinary drugs, biological products, medical devices, our nation’s food supply, cosmetics, and products that emit radiation.† This broad mandate stretches far beyond the actual words used to comprise the agency’s title, Food and Drug Administration. The FDA’s mission statement goes on to add that is also assumes responsibility to advance the health of citizens in the United States by helping to â€Å"†¦ speed innovations that make medicines and foods more effective†¦Ã¢â‚¬  (U.S. Food and Drug Administration, 2005), as well as â€Å"†¦ helping the public to get the accurate, science based information they need†¦Ã¢â‚¬  with respect to the utilization of medicines along with foods for the purpose of improving their health. The counterpart of the FDA in Europe is the Food and Veterinary Office (FVO), and it is responsible â€Å"†¦ for ensuring that Community (EU) legislation on food safety, animal health, plant health and animal welfare is properly implemented and enforced.† (Food and Veterinary Office, 2005) The Food and Veterinary Office fulfills its mission through the promotion of effective systems of control with respect to food safety as well as quality in the animal, plant and health sectors along with maintaining compliance of the European Union food safety and quality, plant and animal legislation concerning health for countries within the European Union as well as those exporting to the EU. Labeling and nutrition governance within the European Union consists of specific rules, guidelines and regulations for the labeling of food items to permit consumers to have comprehensive information with regard to the composition as well as contents of the products they purchase and to aid them in making informed choices. A recent change in the legislation in this area is the abolishment of the 25% rule that indicated it was not mandatory to list on labels the components of ingredients which were less than 25% of the final food total. This means that all ingredients must be listed and included as well as those which might cause â€Å"†¦ allergies or intolerances†¦Ã¢â‚¬ (Food and Veterinary Office, 2005). The Food and Veterinary Office aim is â€Å"†¦ to ensure that the consumer gets all of the essential information as regards the composition of the product†¦Ã¢â‚¬  (Food and Veterinary Office, 2005) along with the manufacturer and the methods utilized in stora ge and its preparation. The companies producing these items â€Å"†¦ are free to provide whatever additional information †¦Ã¢â‚¬  (Food and Veterinary Office, 2005) they so desire as long as said additional information is not misleading and is accurate. The preceding means that companies are supposed to tell the truth about their packaging contents as required by the foregoing statements. Similar rules, regulations and guidelines can also be found for other countries throughout the world in varying degrees of specifics and governance, depending upon the laws in place. Unfortunately, companies do find means via which to bend, stretch and slightly circumvent these rules and regulations which basically keeps them within the letter of the law, but introduces elements of confusion or uncertainty. Some examples of the preceding are illustrated by what is termed â€Å"genetically modified organism† or GMO. A genetically modified organism is one where the generic material has been changed utilizing techniques that are generally known as recombinant DNA technology (wikipedia, 2005). The foregoing enables the combining of DNA molecules from differing sources into one molecule in a test tube situation. The controversy that exists in this instance is that some groups see this as meddling in nature. Their views are in spite of the many benefits that have resulted throughout history from such scientific utilizations. Some consumer groups would prefer GMO be banned, while others want it stated as required labeling. On the international side there is no clear consensus with respect to the acceptability of GMO. The United States stance on this issue remains neutral while in Europe the position is that GMO has not proven to be safe, thus it is banned from importation or domestic manufacture (wikipedia, 2005). The preceding has led to some specific cases of misuse in the United States as cited by an FDA order to several food manufacturers to cease from indicating that their food products were GM free (Food Chemical News, 2001). The labeling practice that the U.S. Food and Drug Administration found to be misleading is that these companies were giving the misleading impression that their foo d products were safer than products made with GMO ingredients. Consumer Faced with a plethora of purchasing possibilities in all manner of products, from food items to electronics, vehicles, clothing, toys, furniture and other areas, consumers are barraged with all manner of subtle advertising and copy tricks to sway them from one brand to another. Faced with these realities, companies employ subtle copy tricks to appeal to consumer sensibilities, as even a small difference can make a favorable increase in register sales. That image of a real strawberry on your favorite cereal package is not what is contained in the box, nor is the bread that states it is made from real wheat flour which is fortified with â€Å"†¦ vitamins and minerals †¦ that build strong bodies in 12 ways†¦Ã‚ ¨(Crawford, 2004). In fact, the additional information contained on labels as a result of governmental regulation might actually be helping companies to promote their hype as few consumers actually read this information which is a part of everything they buy (Crawf ord, 2004). The amazing graphics, colors and packaging utilized for containers often convinces consumers to purchase it, rather than what is actually inside. The prior examples of Nesquick ´s new syrup bottle, and Purina’s new woven container are illustrations of this point. An example of copy innuendo is reduced fat. Katherine Tallmadge, the national U.S. spokesperson for the American Dietetic Association, explains that â€Å"Reduced fat does not mean low-fat† (Crawford, 2004). Tallmadge (Crawford, 2004) goes onto explain that whole milk is comprised of four percent (4%) fat, thus a measurement of two percent (2%) of milk still contains five (5) grams of fat in each serving, thereby one is still getting forty – five (45) out of a total of one hundred and twenty (120) calories which is fat. Tallmadge indicates that if one is seeking low fat then this means to purchase skim milk. The foregoing points out the detailed and precise information consumers need to have to read through the mountains of da

ACC cements Company Essay

ACC was among the first Indian companies to adopt automation of information technology. We started computerizing our systems as early as 1968 – a commitment to progress through the harnessing of relevant available technologies, a practice that continues even today. We have traveled a long way from our early days when we were using simple keypunching machines. Significant improvements have been made in application systems and infrastructure since then – from Batch processing to on-line systems, from IBM 1401 and Data General system to the latest Linux/UNIX and Windows 2003 based machines. We have made timely transitions determined by available technologies and business requirements. In February 2007 the company made a quantum jump from in-house developed systems using Oracle 9i and Developer 6i to an ERP (SAP) based solution. This decision was based solely on our strategic objectives and the business benefits that we expect to derive from implementing such a solution. With this move we also aligned people, business processes and technologies across the country. The Company has an Intranet Portal called ‘Accelerate’ which is dedicated to employees. The portal’s content is based on Personal information relating to Human Resource matters, Performance Management, as well as other information of use to employees such as the latest news on company affairs, developments on sustainable development, house magazines and newsletters. Being a large organization with a countrywide network of manufacturing, marketing and R&D centers, we have invested in the creation of a comprehensive infrastructure that allows free flow of information across the organization. This enables almost instant communication between all levels in the organization. A hybrid WAN network connects each of our 275 plus locations. A judicious mix of VSAT and VPN links ensure adequate connectivity between these locations. Each manufacturing location has a well designed LAN to meet its needs. IT in ACC is well placed to master future expansions of our core businesses. DID YOU KNOW ? _Patni Computer Systems installed India’s first Data General computer in ACC in 1978 and deployed a team of their best employees to manage it. The team comprised the legendary Narayanamurthy, then among the earliest employees of PCS. They were given an office in Cement House. Later when he and others from PCS established Infosys Technologies in Bangalore 1981, ACC was among their first customers._ Cement major ACC’s Tikaria plant in Sultanpur has become the first unit of the company to implement an innovative logistics management program called â€Å"Speed† which is aimed at enhancing productivity, increasing efficiencies and save time, fuel costs as well as enviornment. The success of the program at the 2.6 million tonne Tikaria plant has led to the company adopting the programe at its two more cement units in West Bengal and Karnataka and hopes to bring all 16 plants ofACC under the ‘Speed’ fold in about two years time. Speed is essentially a logistics and supply chain management project which is a major part of any cement plant with hundreds of heavy duty trucks bringing in raw material and picking up cement for further distribution in the market. Director, Logistics-North, ACC Ltd, Deepak Gulati, said â€Å"at any given point of time our Tikaria plant had atleast 500-600 trucks lined up for uploading cement. The efficient management of this huge fleet on a daily basis was a major concern. After studying various logistics projects abroad we evolved our very own program called ‘Speed’ and now besides saving costs which results in cheaper product to customers, we have better functioning among drivers, truck owners, customers and ACC employees. Delivery timelines are also efficiently adhered to with this project†. He said that while earlier 500 odd trucks used to be parked outside the plant gates waiting for their turn almost 110 trucks were lined up inside the  plant for uploading cement, which became a big task to handle. But now due to effective adoption of Speed there are only 27 trucks inside the plant at any point of time and only 200 trucks outside. ACC’s Tikaria plant engages nearly 4,000 trucks for this exercise. Due to the speed initiative the tonnage per truck has increased increasing productivity and is time saving thus allowing trucks to make more trips to the plant in the same given time. ACC has also deployed Radio Frequency Identification Device (RFID) and Global Positioning System (GPS) in all vehicles for effective tracking of vehicles and keeping in constant contact with drivers. â€Å"Inward and outward transportation forms a significant share of ACC’s overall costs and the Speed initiative has allowed about 5% saving in costs. With 30 million tonnes cement moved across the country by various ACC plants which engage about 12,000 heavy duty vehicles the savings from this initiative can be huge when adopted across all plants† said Director ACC Tikaria Plant, N Keshav. Tikaria was the first cement plant in the country to adopt such a logistics project and would soon take it to all 16 plants of the country said, Director-Logistics, Tushar Dave. He said that the program has also led to manpower efficiency and drivers find it more convenient and comfortable to do their duty. Acc to hindu ACC Ltd. has embarked on an initiative to improve the efficiency of its supply chain, which include 10,000 trucks that carry cement from its plants to sales outlets across the country. Transportation costs account for 35 per cent of the total sale price of cement and ACC, the subsidiary of Swiss cement major Holcim, hopes to bring down this cost by 4 to 6 per cent. ACC has deployed radio-frequency  identification (RFID) and global positioning system (GPS) technologies to radically change the way cement is supplied to the market. RFID has been deployed at its cement plants in Tikaria (Uttar Pradesh), Damodhar (West Bengal) and Thondebhavi (Karnataka). Over 400 trucks have been GPS-enabled so far. Within two years, 10,000 trucks and all plants would have GPS and RFID. This project, which is in its pilot stage, has yielded satisfactory results, and a veteran logistics professional has been hired to spearhead the initiative. â€Å"Considering the huge costs involved in road transport, as well as to address the issue of time and asset efficiency, we embarked on a new journey 12 months back. Through automated and technology-enabled process we have improved the asset utilization in road logistics,† said Tushar Rameshchandra Dave, Vice-President, Central Logistics, ACC. He said RFID and GPS would together increase the utilization of assets (trucks) which, in turn, would lead to freight savings and optimization of resources. â€Å"Fixed costs of trucks will go down as the same number of trucks can now ship more cement in lesser time. A truck that was doing up to 4000 kms a month can now do 6000 kms. Apart from financial benefits, it will help in curbing pollution,† Mr Dave said. â€Å"There is an increase in evacuation of 15-20 per cent and betterment of service levels up to 40-50 per cent,† he added. With RFID, a truck that was taking 220 minutes to drive from the entrance to the exit gate of a plant, is now doing it in 75 minutes. RFID tracks the historical data of a truck and the time taken to go from the entrance to the exit gate of the plant. It is also helps in tracking the non-value added time. GPS, however, tracks the movement of a truck once it is outside the plant. â€Å"RFID and GPS together are ensuring better visibility of trucks and helping in complete transparency of operations,† Mr Dave said.

Effects of Facebook Essay

Social networking sites, most notably Facebook have become so popular today that they are the leading words on the lips of every teenager. Facebook has more than 750 million users today. You love to spend most of your time checking your Facebook updates, but do you know that there are many negative effects of using Facebook. Effects of Facebook on Teenagers Most of the teenagers don’t realize then negative impact of Facebook on their life. And, the main reason is because they are already addicted to it. And, this addiction can lead to several negative developments. You will find 7 negative effects of this social networking site that should encourage you to start avoiding it. The first negative effect of Facebook is that a teenage user starts losing interest in his or her surroundings. You would be addicted to Facebook and the only thing you would be concerned about will be your â€Å"own† world, which is inside Facebook. The second negative effect is that your real-world social interaction will start diminishing. There is no doubt that you are going to have hundreds of friends on Facebook, but with how many of them would you be interacting out in the real world. As a human being, you are a social creature and you naturally require real-world social interaction. When you are going to spend maximum of your time on the Internet, you are going to decrease your communication and social skills. Another negative impact will be on your health. There is a very high chance that excessive use of Facebook leads to the users becoming obese. You would be sitting most of the time in front of the computer, eating snacks and without any physical activities. And, over a period of time you are going to accumulate all the extra pounds. Facebook is also going to minimize your study time. Rather than spending your time on Facebook, you would better start browsing some educational sites that relate to your school course. For Facebook users, family doesn’t come first, but Facebook does. For them their online friends are more important than their family members. The sixth negative effect of Facebook is that your personal data becomes public on this social site, threatening your privacy. This is not reasonable, unless you want to be contacted by hundreds of people that don’t know you. The seventh negative effect of Facebook is that it increases the chances of online conflict. Facebook is populated with immature individuals who create bizarre statuses, upload awkward images and carry out absurd actions. And, this can lead to conflicts between people. Given these negative effects of Facebook it is up to you to decide the degree to which you want this social networking site to enter into your life. Getting addicted to Facebook is certainly going to increase problems in your life, but if you can restrict or avoid the use of this non-productive aspect of your life, you are going to stay away from troubles. Hence, it is up to you to decide how you want to use Facebook.

Physics Pendulum Lab Report Essays

Physics Pendulum Lab Report Essays Physics Pendulum Lab Report Paper Physics Pendulum Lab Report Paper In this experiment, only different masses will be used n order to prove that mass does not have an effect on the time it takes for a pendulum to go through a period. Purpose The purpose of this experiment is to determine the effect of mass on the period off pendulum. Hypothesis If the mass of the pendulum increases then the time for the swing will neither increase nor decrease because the mass does not have an effect on the period of a pendulum. Materials and Methods The materials used in this experiment are: 3 Different Masses (egg, egg, egg) Clamp String Clock Protractor With these materials, the experiment was conducted in the following procedure: ) Place the clamp to a flat surface with a string attached to it 2) Attach a egg mass to the end of the string opposite from the pivot 3) Pull the mass to the side with an amplitude of 700 4) Release the mass and allow it to swing 10 periods while timing it 5) Divide the total time by 10 in order to get the time it takes for 1 period of the pendulum 6) Repeat steps 2-5 with different masses (egg, egg, egg) Observations The results between the different masses were not all the same number however, they were close. The egg mass period took 1. 5 seconds and the egg took 1. Seconds. The egg and egg masses both took 1. 7 seconds to complete a period. Discussion and Conclusion What was expected at the end of the experiment was for all of the times between the different masses to be th e same however, this was not the case. The slight differences in time were most likely due to random and human error. During the experiment, a clock was used to time the periods in seconds. Using the clock falls under the random error category since the timing wasnt precise as it would be if a stopwatch was used instead. The other error in this experiment would be human error because the experiment had one person release the pendulum after the person timing gives the signal. The time between the signals are given and when the pendulum starts swinging could be off so in order to avoid this error in subsequent trials, the person timing the period should be the same person releasing the pendulum. Although the results between the 4 masses were different, they were only off by less than . 3 seconds. The results showed that difference in mass does not have a significant effect on the pendulum period thus, making the hypothesis for this experiment true.

The Importance of Business Ethics Essay Essays

The Importance of Business Ethics Essay Essays The Importance of Business Ethics Essay Paper The Importance of Business Ethics Essay Paper Under the term business ethics essay, we understand the system of beliefs and moral values, which guide the entrepreneur. Organization or company. These rules guide their decisions, influence their policy as well as have an impact on their activity in general. Exist business requirements, which are mentioned in the company or organization statute, while the law dictates the others. To the list of requirements of business ethics statute, it is possible to include various issues. They depend on the type of the organization and the direction of its activity. It can be environmental regulations, restrictions against trading, government settings, etc. In the company, the management plays a crucial role. It should compulsorily be guided by a specific set of regulations, which will dictate the decisions and serves as a guide for company behavior. Leadership departments rule the employees of the whole company, and they have to stick to specific rules and norms to avoid chaos. If they base the activity of the company or organization on the appropriate business ethics policy, it raises the status of the organization in general. It will also create a long-lasting positive effect. In the future, it will help to attract many clients and earn their credit. Concerning the business ethics for employees, a chief executive officer of the organization has to realize the fact that they will follow the established statute. The behavior of the workers depends directly on the policy implemented by their employers. Workers make better decisions and behave better under the guidance of proper ethical rules. The company has to cultivate such values as honesty and integrity. It helps to increase the productivity of a person and contributes to the overall development of the company. It also helps the managers team to solve ethical dilemmas or biased situations. Specificities of business ethics essay The importance of business ethics policy in the company is undoubtful. It not only influences the overall status of the company but also has a direct impact on its developments and profitability. It controls the reputation of the organization and serves as a critical factor in helping to attract the potential investing bodies. If the company operates in accordance with the ethical principles, its chances to succeed in the market are much higher. Serious and prosperous nowadays are striving to be socially responsible. A smaller organization striving to succeed need to follow this example and attempt to implement and cultivate ethical policies. Each young entrepreneur has to create a business ethics essay to build a solid ground for one’s company. Influential investors and reputable funding bodies rather will choose the company that operates ethical beliefs and rules rather than organization, which ignores them. Following and cultivating a specific rules helps to attract a more significant number of clients as well. The concept of business ethics essay presupposes the discussion of the necessity of sticking to the moral principles and taking responsibility for one’s actions. It should be preserved both by small business spots as well as by big influential companies. To earn the respect of the users, your counterparts and get the support of the prominent investors, one has to stick to norms and moral principles. Business ethics essay discusses the factors that directly influence the developments and reputation of a particular entrepreneur’s organization. Business ethics play in this list one of the most crucial roles. Behavior, policy, decision-making process, traditional customs, and expectations govern ethics. Sticking to proper etiquette and cultivating high moral values helps to create productivity and attract the attention to one’s company. How to create a business ethics essay The creation of the ethics business plan outline is essential. To create an effective business ethics essay one has to stick to specific standards. It will allow forming an active and sense-loaded composition. Primarily, one has to stick to the structure, which includes the introductory part, main body, and conclusion. In the intro, one has to familiarize the target reader with the topic. The author has to provide general material describing the issue and setting the tone for the whole writing. The last sentence of the introduction is the thesis. The thesis is the skeleton of the business ethics essay, which will enable the target reader to get the main point of the writer. The next section is the main body. It has to comprise many supportive arguments related to the thesis. You have to enhance the arguments with compelling examples. The last structural part is the conclusion. It should comprise the generalization of all info presented in the text. It also has to contain the reference to a thesis. One can paraphrase it and add a short comment. The last sentence of the conclusion has to comprise the call to actions sentence. Generally, business ethics essay has to be sense-loaded and informative. It has to describe the necessity of the creation of the business ethics essay. Â  It can also specify all the necessary nuances connected to the notion of business ethics. The text has to include the real-life examples and comprises all the info that will enable the target reader to see the clear picture. Try to make the text maximally sense loaded. Present the information in a clear and condensed way. Implement useful for the reader info. Order business ethics essay on paperap.com To write a business ethics essay, one has to possess a certain level of writing skills and have the experience of creation of a business plan model. For some writers, having no experience, it may be challenging. paperap.com is one of professional business plan writing services, which can provide quick and efficient assistance with the delivery of this type of academic assignment. We hire a crew of advanced authors, who can cope with the task of any level of complexity. To get business plan help from our specialists, one has to enter the website, make an order, mention the deadline and wait until the crew of specialist prepares a premium quality assignment. We offer the best conditions for the clients. The service works 24/7. You can access it at any time and make an order. We hire a crew of advanced experts who can cope with the task of any level of complexity. They are familiar with all the standards and requirements. 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Food & Beverage Essay Example | Topics and Well Written Essays - 500 words

Food & Beverage - Essay Example Being a consultant, I will pay 35% of the total time and energies on people development, due to the very reality that staff members are the identification and uniqueness of an organization, behavior, performance, qualification and professionalism of which means a lot to the organization. It is staff on the basis of which people visit the organization. Second priority would be given to operations department, which will take 25% of total time and energies. Like people, products are also the sign of an organization’s recognition and individuality. If clients are not satisfied with the products and services offer to them, they will never trust an organization. Moreover, if product and services are satisfactory, they will surely leave significant impact upon both sales and profit. Lastly, I will suggest equal concentration to be paid to sales and profit, which will be 20% of the total investment for each. Sales phenomenon is the department that determines future planning and strate gy making of an organization for future. Moreover, profit ultimately soars up provided customers and clients are satisfied with the performance of the staff on the one hand, and quality and excellence of the products and services on the other. Being a consultant of the food chain I aim to pay due heed to the products and services of the organization, which will surely increase the food cost from 26.5% to 31.3% over the same period. One of the main reasons behind such a sudden as well as an imperative jump in the food cost is certainly applying most hygienic products with proper sterilizing of all the crockery including dishes, glasses and cooking range etc, as well as keeping the area extremely neat and clean. Moreover, use of fresh and high meat, vegetables and fruit will also increase the expenditure of the food to be presented to the customers. In addition, presentation and

The topic should be in the area of Applications of IT in general and Essay

The topic should be in the area of Applications of IT in general and software in particular - Essay Example the customers and stakeholders are coming in close connection and linkage with each other and there is more room for getting in touch with one another, thus enhancing the chances of working in unison and earning multiple times over and over. However the drawbacks are also apparent in such an undertaking but from a global perspective these seem to take a back seat when there is a comparison of the benefits with the disadvantages, the former ruling roost over the latter in this case. For the understanding related with the discussion at hand, the focus will be on making a clear cut basis for the role of globalization in the finance industry and the manner in which IT has played a key role at speeding up things when it comes to working within the global domains. Globalization in the coming times will leave a lasting impression in the different spheres of life than is present at the moment. In an economic zone, globalization plays a significant role at increasing trade on an international front which as compared to the global economy, is much faster and ahead of its time. Furthermore, we can predict an increase in the flow of capital that has been coming from the global regimes which might include for the foreign direct investment as being one part of it. Then there are the agreements which are signed on a global scale that eventually lead to world bodies like the World Trade Organization (WTO) and others. Global financial systems also come to light as their developmental work gets thumbs up. International transactions speed up as the world bodies like WTO, WIPO, IMF and the like play their role in a more coherent and active manner. Economic practices like global sourcing or outsourcing as we know of it, off-shoring and others increase court esy the multinational concerns. (Berberoglu, 2005) Since this discussion is also on understanding what the future holds for the globalization regimes in terms of the Information Technology’s undertakings, there is a need to