Development Theories after Second World War

Development Theories after Second World War Introduction Economic growth is a narrow concept that involves an increase in the nation’s output observed using the increment in resources. On the contrary, economic development encompasses the normative aspect of growth. This aspect involves the measurement of people’s morality.Advertising We will write a custom essay sample on Development Theories after Second World War specifically for you for only $16.05 $11/page Learn More According to Todaro and Smith, economic development is the increase that a given society realizes in terms of living standards, self-esteem and freedom from oppression (67). In order to measure development, economists have come up with the human development index that captures all sectors of the society. Unlike the economic growth, development takes into consideration the informal sectors of the economy. Many people have tried to explain the level of economic development that a country or society can undergo. Different people including Keynes put original theories of development forward and they were applied in the economic growth and development up to World War II. The theories originated from the classical school of thought. In their argument, they postulated that economic development occurs due to investments in capital and labor. Capital can be used to generate resources used in economic development. Stages of Growth Model of Rostow Immediately after the Second World War, the world was filled with cold war experienced n the 1950s and 1960s. In the course of this period, Rostow’s stage of growth model was uncovered. The model that was put forward by the American economic historian Walt Rostow postulated that the transition that an economy undergoes from underdevelopment to development occurs in phases. The phases of development as described by Rostow range from the traditional society, pre-condition to take off, take off, the drive to maturity and the probably the phase of high mass cons umption. This theory further argues that countries perceived and ranked as developed have undergone all stages successfully to their current phase in which they consume products massively (Potter 86). Harrod-Domar Model This theory postulates that capital goods wear out in the course of their use and have to be replaced savings. The summarized from of the model indicates that the rate at which an economy grows is determined by two factors that are the rate of savings in the economy and the capital-output ratio of a country.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The main findings of this model are that in order for an economy to grow and attain the level of development, the country must invest in its physical capital using funds from savings. Consequently, the rate of growth and development could be measured by the level of savings and investment in physical capital in th e country. Despite the contributions of this theory to understanding development, it has been criticized that increased savings and investment in capital for development are necessary conditions for development, but not sufficient reasons. Based on this criticism, other theories have been developed (Eicher 51). The Lewis Theory This theory was first put forward in the mid 1950s but was later modified to become the Two-Sector model. The theory divides the economy into two sectors that are the subsistence rural sector and the urban sector. The rural sector is characterized by high supply of labor while the urban sector is characterized by surplus of capital. Productivity occurs through the interaction of capital and labor, hence the production function. The theory postulates that a country can realize development through increased investment in physical capital found in urban areas while the surplus labor is transferred from the rural sector to work in the urban sectors. In spite of i ts contributions, the theory assumes zero marginal productivity in the agricultural sector with the acquired revenue being re-invested in the urban sector, which is not proved by empirical evidence (Allen and Thomas 121). The Solow Growth Model There is a close link between economic growth and development as sustainable economic growth results into economic development. Despite the contribution that the classical and traditional theories of development contributed to the discipline, modern theories put forward some interesting revelations. One of the modern theories of development is the Solow Growth model. This theory has included changes in technology into the model of growth and development. Therefore, it postulates that development is a factor of capital, labor and technological advances (North 210).Advertising We will write a custom essay sample on Development Theories after Second World War specifically for you for only $16.05 $11/page Learn More Acco rding to Potter, the Solow model incorporates the importance of knowledge and technology into the model of development (109). Therefore, the production function assumes constant returns to scale. It can be deduced from the model that long-term growth of an economy requires application of knowledge and technology and not only labor and capital. From this survey, it is evident that the theories of development have changed over time beginning from the Second World War. While earlier theories only considered capital and labor, neo-classical development theories factored in technology in the achievement of economic growth and development. In addition, earlier theories insisted in investment in physical capital using savings as major factors for development. However, later theories have emphasized the importance of investing in knowledge and technology apart from capital as necessary and sufficient development conditions. Allen, Tim and Thomas, Allan. Poverty and Development into the 21s t century. Oxford: Oxford University Press. 2000. Print. Eicher, Staatz. International Agricultural Development. 3rd edn. Baltimore: The Johns Hopkins University Press. 1998. Print. North, Douglas. Structure and Change in Economic History. London: W.W Norton Company. 1981. Print.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Potter, Robert, et al. Geographies of Development, An introduction to Developments Stuides. 3rd ed. Harlow: Pearson, Prentice Hall. 2008. Print. Todaro, Michael and Smith, Stephen. Economic Development. 10th edn. Addison-Wesley. 2009. Print.

Brave New World Book Review

'Brave New World' Book Review In Brave New World, Aldous Huxley constructs a futuristic society based on pleasure without moral repercussions, and within it places a few oddball characters to stir up the plot. With eugenics at its core, this novel hearkens back to Shakespeares The Tempest, where Miranda says, O brave new world, that hath such people in it. Background on Brave New World   Aldous Huxley published Brave New World in 1932. He was already established as a drama critic and novelist of such books as Crome Yellow (1921), Point Counter Point (1928), and Do What You Will (1929). He also was well-known to many of the other great writers of his day, including the members of the Bloomsbury Group (Virginia Woolf, E.M. Forster, etc.) and D.H. Lawrence.Even though Brave New World is now considered a classic, the book was criticized for a weak plot and characterization when it was first published. One review even said, Nothing can bring it alive. Along with the poor and mediocre reviews, Huxleys book has also become one of the most frequently banned books in literary history. Book banners have cited negative activities (undoubtedly referring to the sex and drugs) in the book as reason enough to prevent students from reading the book. What World Is This? This Utopian/dystopian future offers the drug soma and other carnal pleasures, while manipulating the people into mind-numbing dependence. Huxley explores the evils of a seemingly satisfied and successful society, because that stability is only derived from the loss of freedom and personal responsibility. None of the people challenge the caste system, believing they all work together for the common good. The god of this society is Ford, if the dehumanization and loss of individuality wasnt enough. A Controversial Novel Part of what has made this book so controversial is the very thing that has made it so successful. We want to believe that technology has the power to save us, but Huxley shows the dangers as well.John claims the right to be unhappy. Mustapha says its also the right to grow old and ugly and impotent; the right to have syphilis and cancer; the right to have too little to eat; the right to be lousy; the right to live in constant apprehension of what might happen tomorrow... By getting rid of all of the most unpleasant things, the society also rid itself of many of the true pleasures in life. Theres no real passion. Remembering Shakespeare, Savage/John says: You got rid of them. Yes, thats just like you. Getting rid of everything unpleasant instead of learning to put up with it. Whether tis better in the mind to suffer the slings and arrows of outrageous fortune, or to take arms against a sea of troubles and by opposing end them... But you dont do either. Savage/John thinks of his mother, Linda, and he says: What you need... is something with tears for a change. Nothing costs enough here.

ARGUMENT #1 MINIMUM WAGE JOBS ARE STEPPING STONES Essay

ARGUMENT #1 MINIMUM WAGE JOBS ARE STEPPING STONES - Essay Example In addition, a record of coherent result, which clarifies when it can be said (and what it intends to say) that some case or disposition is a consistent outcome of an alternative. typology of contention which gives a structure of contention and examination by identifying the fundamental sorts of argument that need to be recognized deductive is monistic, henceforth one of the least complex typologies; others will recognize in a general sense various types of arguments. An account of a proper argument that points out general criteria for deductive, inductive, and conductive contentions;. The meanings of constructive contention outline which characterize great examples of thinking (sensible engages power, sensible assaults against the individual; and so forth.) and some hypothetical record of false notions and the part they can (and cannot) play in understanding and evaluating casual contentions. A record of the part that group of onlookers (emotion) and ethos and other logical thoughts ought to play in examining and evaluating contention and lastly that a clarification of the rationalistic commitments that join to arguments specifically sorts of settings. The difference of contention and persuasion has some recorded essentialist insofar as it is the premise of the refinement in the middle of rationale and talk as they are generally comprehended — rationale picking contention as its center, talk picking influence. This being said, the qualification in the middle of influence and contention remains a slippery one when one considers the contentions one finds in casual talk. Absolutely it must be said that engages feeling and character assume a huge part in standard contentions that happen in social, moral and political settings. In a contention about atomic strategy, for instance, it would be manufactured to uproot the feeling inborn in a depiction of the results of atomic war say, the the effects of

Should the primary objective of management be to increase the wealth Essay - 1

Should the primary objective of management be to increase the wealth of shareholders and owners - Essay Example The objective of management is characterized by four concepts namely goal, scope, definiteness and direction. Managers view objectives as the business values that should be achieved. Therefore, the scope of these values must be well defined, in addition to inclusion of extra goals. Management objectives can be classified as primary, secondary, personal or social. The following paper is a critical debate on the question: Should the primary objective of management be to increase the wealth of shareholders and owners? Focus will be laid on the general objectives of management and the way in which they should be prioritized for maximum benefits. Customer Satisfaction Customer satisfaction is a principle performance estimate in business management (Decker and Learning, 2001). The primary objective of any business management should be focused upon customer satisfaction. This will provide the avenues required for profits that generate wealth of shareholders and owners. The management’s primary objectives should be related to customer satisfaction through the provision of saleable goods and services in the market. These goods should be reliable, have standard quality, competitive, reasonably priced, technologically produced and insufficient in quantity. The secondary objectives are those strategies that assist in achievement of primary objectives. Personal objectives purposes to benefit individuals in a business organization e.g. increasing the wealth of owners and shareholders. Social objectives maximizes the social gain of the community from an organization e.g. the social responsibilities of the organization to the community. Customer satisfaction includes interaction with customers in an ethical environment. Most traditional business strategists view maximization of the shareholder and owner wealth as the fiduciary obligation of business managers (Shaw, 2009: 572). This view is related to the fact that most shareholders invest in the company on the understanding that the management will steer the company on the strategy of generating profits for them. The view was also presented in an era where most capitalist were obligated to manage their own business enterprises. The recent emergence of joint stock companies meant that the managerial control of corporations has technically been divorced from ownership. However, business theorists have failed to establish a mechanism that can harmonize the interests of managers and shareholders to prevent the former from enriching themselves at the expense of the latter. This is has been proven by the recent behavioural trends whereby the managers awards themselves lux urious pay and remuneration packages without any benefits to the shareholders. Managing Efficiency Efficiency is the guiding principle for any successful business. There is no business that has ever risen to top of the industry through slow, outdated and clunky management practices. In the current business environment, the management that only focuses on compliance to stockholder expectations while ignoring inefficiency does not succeed (Morris, Schindehutte and Allen, 2005: 726-735). The imperative issues that should be recognized include cost

India’s Trade in 2020 Essay Example for Free

India’s Trade in 2020 Essay Introduction Indias trade has generally grown at a faster rate compared to the growth of GDP over the past two decades. With the liberalization since 1991 in particular, the importance of international trade in India’s economy has grown considerably. As a result the ratio of international trade to GDP has gone up from 14 per cent in 1980 to nearly 20 per cent towards the end of the decade of 1990s. Given the trends of globalization and liberalization, the openness of Indian economy is expected to grow further in the coming two decades. The more exact magnitude of Indias trade in 2020 and its proportion to Indias national income would be determined by a variety of factors. Many of these factors are in the nature of external shocks and are beyond the control of national policy making. One illustration is the recent surge in the crude oil prices in the international market to unprecedented levels that have impacted the country’s imports in a significant manner. In addition, the implementation of various WTO agreements are likely to affect the Indias trade. Indias trade is also likely to be affected by various bilateral/ regional preferential trade arrangements that have been concluded and those that might take shape in the coming years. This paper attempts to provide a mapping of different factors that are likely to shape the patterns and magnitudes of Indias imports and exports over the coming two decades. These factors are classified into three, namely: 1) factors affecting the demand for Indias exports of goods and services; 2) factors affecting the supply of Indias exports of goods and services; and 3) factors affecting the demand for Indias imports. The supply of imports may be assumed to be elastic and hence is not discussed. The structure of the paper is as follows. Section 1 maps out various factors affecting demand for India’s exports, Section 2, factors affecting supply of India’s exports. Section 3 lists the factors that are likely to affect demand for India’s imports. Section 4 briefly summarizes emerging patterns of India’s comparative advantage in exports of good and services. Section 5 makes some concluding remarks. 1.Factors Affecting the Demand for Exports There is a multitude of factors that are likely to affect the demand for Indias exports of goods and services as seen below. 3 Growth Performance of World Economy and Key Trading Regions The growth rates of the world economy and world trade do influence the overall demand for Indias exports. For instance, the rates of stagnation in the growth rate of world trade in the period since 1996 have affected the growth of Indias exports. Some broad correspondence between the growth rates of world trade and Indian exports is evident from Figure 1. Depending upon the intensities of Indias trade relations the growth prospects in these specific regions may also affect the demand for Indias exports. The regions which may be particularly important for Indias exports include North America, the European Union, Middle East, East and Southeast Asia and South Asia. Therefore, it will be important to watch the growth outlook and projections for these regions. Figure 1: Growth Rates of World Trade and Indias Exports Over the 1990s Source: RIS on the basis of WEO Database of the IMF 1.1.1. World Output and Trade at the Turn of the Century and the Outlook The world economy in 2000 seems to have fully recovered from the slow down of 1998-1999 on account of the East Asian crisis. The estimated world output growth of 4.8 percent in 2000 is highest since 1988 and of world trade at 12.4 percent is highest of the past 25 years (Table 1, Figure 1). The impressive recovery of the world economy and world trade in the early part of 2000 generated optimism all around as countries expected to benefit from favourable spillovers in the form of rise in demand for their exports. However, the optimism has proved to be short lived. It has been partly tarnished somewhat by the crude oil prices hitting the roof in the third quarter of 2000 and adversely affecting the outlook of many regions besides raising the threats of inflation in different parts of the world. Furthermore and more importantly, the emerging trends confirm that a trend of slow down was set in the US economy in the third quarter of the 2000. Hence, fears of a hard landing of the US economy in 2001 have continued to grow. A scenario of hard landing of the US economy in 2001 is thus likely to short-circuit the rebound of the world economy of 1999-2000, even though the major European Union economies are improving their performance. The Japanese economy continues to remain sluggish. The slow down of the US economy has a compounded effect on the growth of the world economy by adversely affecting the demand for the products of partner countries as well. As a result the growth rate of world output is likely to slow down in 2001 from the levels reached in 2000 to 3.2. The world economy is expected to pick up moderately to 3.9 per cent in 2002. The effect of the impending slow down is more severe on the growth rate of world trade which is likely to reduce by nearly half from the rate achieved in 2000 to around 6.5 per cent in 2001 and 2001. In the light of recent trends, the outlook for the world economy and trade growth over the next ten years could be taken at 3 and 6 per cent respectively. *Indonesia, South Korea, Malaysia, the Philippines, and Thailand. #ASEAN-4. Source: RIS based on World Bank (2001), IMF (2001). 1. WTO Agreements Since the implementation of the Final Act of the Uruguay Round in 1995, the WTO Agreements have become important factors in determining the patterns of world trade. Their full impact is not yet obvious as many provisions of these agreements are yet to be implemented because of the transition period provided. Most of the remaining provisions of the WTO agreements would be implemented in the coming five years. Therefore, the patterns of trade in 2020 would have to be speculated keeping in mind the impact of full implementation of the WTO agreements. Some of the agreements which are likely to affect Indias exports are the following. 1. Agreement on Textiles and Clothing The Agreement on Textiles and Clothing (ATC) proposes to phase out the MFA quotas imposed by the developed countries on the imports of textiles and clothing from developing countries over a period of 10 years ending on 31st December 2004. Given the fact that India has substantially fulfilled her quota for the products coming under MFA, it may appear that the phasing out of these quotas would help in the expansion of exports. However, the impact of the phase out is likely to be a mixed bag. This is because with MFA phase out, Indian exporters would be competing directly with other exporters of textiles and garments such as China, Korea, Taiwan, Pakistan, Thailand, Turkey, Mexico, Hong Kong, Indonesia, Macau, Philippines, Sri Lanka, Bangladesh, among others. Therefore, while ATC provides an opportunity to Indian exporters to expand their exports of textiles and garments by removing the quota restrictions, it also poses a challenge of increased international competition. Some of them will enjoy preferential access to the importing countries due to their least developed country (LDC) status such as Bangladesh. There are apprehensions on the full benefits of phase out being available to developing countries. As such the schedule of the phase-out has been back-loaded over a ten-year long phase-out period. The industrialized countries may use other protectionist measures such as anti-dumping to prevent market access after the phase-out of quotas. A large number of textiles and clothing products already face tariffs in the range of 15 to 30 per cent in the Quad countries (World Bank, 2000). Some attempts of restricting them with anti-dumping duties have already been made against these exports including those from India. Another factor that will affect the competitiveness of Indian exports of textiles and garments in the post-MFA regime is the availability of trade preferences to emerging competitors of India. For instance, Mediterranean countries such as Turkey, Cyprus and Malta and Central and Eastern European countries enjoy free trade agreement with the European Union ahead of their full membership. The Caribbean countries enjoy a similar preferential access to the United States market under the Caribbean Basin Initiative (CBI). Mexico enjoys a privileged access to the North American Market as a member of NAFTA. These trade preferences have already resulted into diversion of trade in textiles and clothing to these countries. For instance, Mexican exports of clothing to the United States have grown at the rate of 27 and 15 percent in 1998 and 1999, respectively with the growth rate of exports to Canada in these years being 30 percent and 26 percent, respectively. Similarly, exports of clothing from Bulgaria, Hungary, Poland, Romania, Turkey to the European Union in 1998 have grown at 26 percent, 14 percent, 11 percent, 23 percent and 11 percent, respectively (WTO, 2000). The ability of Indian exporters to take advantage of phase out the MFA quotas by 2004 will depend upon a number of factors such as their ability to enhance overall international competitiveness with productivity and efficiency improvements, quality control, ability to quickly come up with new designs, ability to respond to changes in consumer preferences rapidly and the ability to move up the value chain by building brand names and acquiring channels of distribution to more than outweigh the advantages of her competitors. The reservation of the garment industry for small-scale sector has affected capital investment, modernization and automation in the sector in the country. Although the small sector operation has imparted flexibility, it has prevented exploitation of economies of scale and scope by the Indian industry. The new Textiles Policy takes care of some of the concerns. It remains to be seen if the Indian industry will be able to exploit the opportunities provided by the incr eased market access with the MFA phase-out. 2. Agreement on Agriculture (AoA): The AoA proposes to liberalize the international trade in agriculture by restricting the agricultural subsidies provided by governments to the farmers, reduction in export subsidies in agriculture, removal of QRs and establishment of tariff rate quotas applicable to trade in agricultural commodities. In general India’s obligations under AoA are limited given the low level of agricultural subsidies compared to EU and the US. It is believed that implementation of the AoA commitments by industrialized countries will benefit countries like India in terms of market access for some agricultural commodities. However, the implementation of the commitments on the part of industrialized countries so far does not provide any room for optimism. The extent of subsidies given by industrialized countries have actually increased over the past few years as acknowledged by OECD reports. It is possible that in the coming years the provisions of the Agreement are implemented in the letter and spi rit. The likely effect of the full implementation on India’s trade is difficult to be speculated. However, one can have an idea about the likely scenario from efficiency indicators and incentive structure. Given lower than world prices of rice, wheat, maize, sorghum, chickpea and cotton in India, their exports may expand under the liberalised trade in agriculture. Hence the area under cultivation for these crops may increase since profitability and effective incentives will get tilted in favour of these crops. The same is true for pearl millet, pigeonpea and soyabean. However, production of oilseeds e.g. groundnut, rapeseed, mustard and sunflower, and pulses may be adversely affected in a free-trade scenario given the lower world prices. Thus, the import dependence in edible oils and pulses may increase. 3. Anti-dumping Regulations The Indian exports of a number of commodities have been subjected to anti-dumping regulations by some of our important trading partners such as the United States and the European Union. The onslaught of the anti-dumping measures on Indian exports is likely to increase in future with the growing competitiveness of Indian products. In order to minimize their disruptive effect of these regulations on Indias exports, the industry and government will have to strengthen the machinery to counter such actions (Panchamukhi, 2000). 1.2.4. Tariff Negotiations and New Trade Round Although the average tariff rates in the industrialized countries are low, they have high peak tariffs for certain products, some of which are of export interest to India such as textiles and garments, and agricultural commodities (see Table 3). Market access for these products could be facilitated by our ability to secure reduction in these tariffs in the industrialized countries through future tariff negotiations in the WTO framework. N.B. HS Chapters are given in parentheses. Source: RIS based on UNCTAD/WTO (2000) The Post-Uruguay Round Tariff Environment For Developing Country Exports: Tariff Peaks and Tariff Escalation, UNCTAD, Geneva (TD/B/COM.1/14/Rev.1; 28 January 2000) 1.2.5.Trade Preferences for the Least Developed Countries One emerging development in the WTO system has been the tendency to divide the developing countries with the offer of special trade preferences for the least developed countries. A sizeable proportion of Indias exports still comprise labour and resource intensive goods that are also exported by some of the least developed countries. If successful these preferences have the prospects of diverting trade from India to the least developed countries. The potential of these trade preferences for adversely affecting India’s exports needs to be kept in mind. 2. Chinas Accession to WTO One of the important events of the coming years for the world trade may be the entry of China into the WTO regime. China signed an agreement with the US for its entry into the WTO in November 1999. It has subsequently been negotiating such agreements with other WTO members. The accession of China to the WTO and hence the MFN status that it will receive from other WTO countries may have some implications for the competitiveness of Indias exports. This is because India and China compete in the international market for a number of labour intensive and matured technology goods such as textiles and garments, leather goods, light engineering products, chemicals and pharmaceuticals, among others. China has already been giving tough competition to Indian exports in many commodities and markets. There is a view that the accession to WTO may further strengthen China’s competitiveness and hence may affect the Indian exports adversely. There is another view that the accession of China to WTO would force it to follow WTO norms and procedures, etc. and will bring their trade policy under international surveillance. State subsidies will be regulated and hence it will make it more difficult for the Chinese exporters to dump their products in the world market. The exact impact of the accession of China to the WTO on the Indias export prospects will depend upon these counteracting effects. It is important to analyze the effects of Chinese accession to WTO on the competitiveness of Indian exports. 1.4. Preferential Trade Arrangements/Free Trade Arrangements in Rest of the World The last decade and a half has seen the proliferation of regional trading arrangements in different parts of the world. The major trading blocks that have emerged over the years include the European Union, NAFTA, Mercosur, AFTA, COMESA, among others. Besides, these free trade and common market agreements, a number of other countries have become integrated with the trading blocks through a variety of preferential or free trade arrangements. For instance, European Union has extended free trade agreement treatment to a number of Central Eastern European Union and Mediterranean countries in anticipation of full membership to these countries in the EU. These arrangements could also act to divert trade away from India especially in the labour intensive goods, as indicated earlier in the case of textiles and clothing. 1.5.Regional/Bilateral Free Trade Arrangements India has taken several steps to liberalize trade with her trading partners in the South Asia region on regional as well as bilateral basis. These steps include participation to SAARC Preferential Trading Arrangements (SAPTA) that came into being in December 1995. Under this Agreement, India has exchanged trade concessions with the SAARC member countries for nearly 3000 commodities in the first three rounds of negotiations. The fourth round of these negotiations is in the process. It is expected that the process of trade liberalization in the framework of SAARC will culminate into a South Asia Free Trade Agreement (SAFTA), although, it may take some time to take shape given the current impasse in the SAARC process. Besides SAPTA, India has recently signed a bilateral free trade agreement with Sri Lanka. India already has bilateral free trade agreement with Nepal and Bhutan. A bilateral free trade agreement is being contemplated with Bangladesh as well. There are other attempts of regional/sub-regional economic integration which may also come into being in the coming decade, for instance, BIMST-EC (Bangladesh, India, Myanmar, Sri Lanka and Thailand Economic Cooperation) which has been formed recently may adopt a preferential trading arrangement between the member countries. Although India is also a founder member of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), a preferential trading arrangement is not contemplated as the Association has adopted the concept of open regionalism on the lines of APEC. All these attempts at free trade with the regional partners may open the markets for Indian goods further in the countries concerned. It is evident that the share of South Asian countries in Indias exports has increased from 2.73 to 4.9 over the period 1990 to 1999. The recent initiatives in regional/ bilateral trade liberalization may help to divert some trade of the countries concerned from their other trading partners in favour of India given the supply capabilities. 2. Factors Affecting the Supply of Exports It is widely believed that the major factors constraining India’s exports lie not in the lack of demand but more in the supply side constraints. Most of the supply side factors need to be addressed as a part of the policy towards trade. Some of the factors that constrain the volume and composition of Indias exports are as follows: 1. Infrastructural Bottlenecks It is widely accepted that Indias export potential remains considerably unfulfilled because of infrastructure bottlenecks such as power shortages, port handling facilities, delays in transportation which in turn are due to poor transport links within the country and poor communication facilities. The inability of Indian exporters in meeting supply schedules costs dearly in terms of image of India as a reliable source of supply. Not only that the availability of the infrastructure services is inadequate but the efficiency and quality of the delivery of what is available is highly uneven. The ability of the government in removing these constraints in the coming years will also determine the supply side of Indian exports. 2. Growth of Domestic Demand A rapid growth of domestic demand may also affect Indias ability to export at least in certain products, for instance, in tea where the rapid growth of domestic demand is expected to reduce the export surplus in the coming years. It may also apply to a number of other agricultural commodities such as rice, cotton, among others. 2.3 Inflows of Export-oriented Foreign Direct Investment Multinational enterprises (MNEs) have played an important role in the rapid growth of manufactured exports from the East and South-East Asian countries. This is because the South East and East Asian countries were able to attract export platform investments from US and Japanese MNEs in the 1970s and 1980s. The export platform or export-oriented investment arises in the process of relocation of production by MNEs abroad in order to maintain their international competitiveness in the face of rising wages and other costs in their home countries. In Malaysia and Indonesia, for instance, 70 percent of the projects involving FDI have been export-oriented. In China, the share of foreign owned firms in exports has risen from 5 percent in 1988 to 40 percent by 1997. In contrast, the share of foreign affiliates in Indias exports is marginal at 5 to 7 percent (Kumar and Siddharthan, 1997, for a review of evidence from different countries). Therefore, India has not been able to exploit the potential of MNEs for export-oriented production. MNEs can play an important role in promotion of Indias manufacture exports with relocation of export platform production in the country with their access to global marketing networks, best practice technology and organizational know-how. To some extent, therefore, Indias ability to attract export-oriented FDI will determine the magnitude of Indias exports in 2020. The studies have shown that export-oriented FDI inflows are of special type and are determined by different factors than other types of FDI (Kumar, 1994). The studies also find differences in the nature and determinants of export platform investments that are geared to MNEs home markets and those targeting the third countries (Kumar, 1998). India may make an effort to target the export platform investments of both types by sharpening her bundle of resource endowments and created assets in the light of determinants identified by these studies. 5. Technological Upgrading and Movement along with the Value Chain The Indian export structure has been highly dominated by simple and un-differentiated products where the main competitive advantage lies in cheap labour, low levels of skills and simple technologies compared to that of China and South East Asian countries except for recent growth of pharmaceuticals and software services (Lall, 1999). Not only these products are slow moving, the export structure is highly vulnerable to competition. Indias competitiveness has also been adversely affected by the failure to diversify the commodity composition of our exports. In fact the commodity concentration of Indias exports has increased with a 9 percent rise in the share of top six groups of exports in total and exports between 1987-1988 to 1998-99 (Kumar, 2000a). In comparison to India, Southeast and East Asian countries have rapidly diversified their export structure in favour of technologically advanced goods. For instance, share of technologically advanced goods (differentiated and science based goods) in India’s manufactured exports rose marginally to about 8 per cent by the mid-1990s over 5.6 per cent in the mid-1970s; in China, this proportion increased from 8.8 per cent to 23 per cent over the 1987-95 period, and for Malaysia from 12 per cent to 57 per cent over the 1980 to 1995 (Pigato et al. 1997). The markets for low technology undifferentiated goods are highly price competitive and margins are kept under pressure by constant competition by entry of new low wage countries.

The Value of Roots :: Poem Poetry Poetic Poems Essays

The Value of Roots The era of the American Revolution was a time of great nationalism, hope, and unity. People who were once only colonists were now citizens of a new and exciting nation. As the years wore on, however, the citizens of the United States were faced with the reality of building a country. The nation strove to find a place for itself, to become secure against the power of the rest of the world. Industry grew along with the population, but what the new country gained in strength it lost in spirit. Regional tensions emerged as well as burning political issues. In the aftermath of the civil war the still young nation attempted to regain this nationalism that was once the strength of the country. One area this attempt was prominent in was literature. Two poets specifically sought to find a national mythology by examining what American's value and why it is necessary to pass it on through tradition. The poems by John Greenleaf Whittier and Henry Wadsworth Longfellow are a call for preserving th e roots found in the land of America and in the heart of an American. Longfellow's "Hiawatha" presents the image of an Indian chant about the traditions, history and beauty inherent in nature. The narrator explains how the birds, trees, mountains and rivers all hold stories of the past. Should you ask where Nawadaha Found these songs so wild and wayward, Found these legends and traditions, I should answer, I should tell you, "In the bird's-nests of the forest, In the lodges of the beaver, In the hoof-prints of the bison, In the eyry of the eagle! But most importantly the narrator encourages the reader to seek out one important story, the song of Hiawatha. Why is this song of Hiawatha so crucial, the reader might ask. The narrator replies: Sang the Song of Hiawatha, Sang his wondrous birth and being, How he prayed and how he fasted, How he loved, and toiled, and suffered, That the tribes of men might prosper, That he might advance his people!" The importance of the past is proclaimed here. One should never forget those that came before him to pave the way. Not only should one not forget but one should learn from it and use the knowledge gained to push into the future. Listen to this simple story, To this Song of Hiawatha!... For a while to muse, and ponder On a half effaced inscription... Full of all the tender pathos Of the here and the Hereafter;-

Marketing Project on Nokia Essay

Introduction: Nokia is a world leader in mobile phone industry, but its market share has recently been diminished by tough competition in the smart phone market. It targeted rural markets with mobile phones that are affordable and, the mobile phones were not only for the communication but also for varied purposes like torch light, radio etc. Farmers use it during nights as a torch light. Nokia was able to fully penetrate and conquer the still untapped rural mobile phone market. Nokia plans to conquer the untapped rural market by providing additional services like information on agriculture, microfinance, weather reports. Background: In 1865, an engineer named Fredrik Idestam established a wood-pulp mill and started manufacturing paper in southern Finland near the banks of a river. Those were the days when there was a strong demand for paper in the industry, the company’s sales achieved its high-stakes and Nokia grew faster and faster. The Nokia exported paper to Russia first and then to the United Kingdom and France. The Nokia factory employed a fairly large workforce and a small community grew around it. In southern Finland a community called Nokia still exists on the riverbank of Emà ¤koski. Finnish Rubber Works, a manufacturer a Rubber goods, impressed with the hydro-electrcity produced by the Nokia wood-pulp (from river Emà ¤koski), merged up and started selling goods under the brand name on Nokia. After World War II, it acquired a major part of the Finnish Cable Worksshares. The Finnish Cable Works had grown quickly due to the increasing need for power transmission and telegraph and telephone networks in the World War II. Gradually the ownership of the Rubber Works and the Cable Works companies consolidated. In 1967, all the 3 companies merged-up to form the Nokia Group. The Electronics Department generated 3 % of the Group’s net sales and provided work for 460 people in 1967, when the Nokia Group was formed. In the beginning of 1970, the telephone exchanges consisted of electro-mechanical analog switches. Soon Nokia successfully developed the digital switch (Nokia DX 200) thereby replacing the prior electro mechanical analog switch. The Nokia DX 200 was embedded with high-level computer language as well as Intel microprocessors which in turn allowed computer-controlled telephone exchanges to be on the top and which is till date the basis for Nokia’s netwok in infrastucture Introduction of mobile network began enabling the Nokia production to invent the Nordic Mobile Telephony(NMT), the world’s very first multinational cellular network in 1981. The NMT was later on introduced in other countries. Very soon Global System for Mobile Communication (GSM), a digital mobile telephony, was launched and Nokia started the development of GSM phones. Beginning of the 1990 brought about an economic recession in Finland. (Rumour has it that Nokia was offered to the Swedish telecom company Ericsson during this time which was refused) Due to this Nokia increased its sale of GSM phones that was enormous. This was the main reason for Nokia to not only be one of the largest but also the most important companies in Finland. As per the sources, in August 1997, Nokia supplied GSM systems to 59 operators in 31countries. Slowly and steadily, Nokia became a large television manufacturer and also the largest information technology company in the Nordic countries. During the economic recession the Nokia was committed to telecommunications. The 2100 series of the production was so successful that inspite of its goal to sell 500,000 units, it marvellously sold 20 million. Presently, Nokia is the number 1 production in digital technologies, it invests 8.5% of net sales in research and development. Also has its annual Nokia Game. Between 1992 and 1996, the company exited from the rubber and cable businesses as well Nokia in india: Nokia entered the Indian market in 1994. The first ever GSM call in India was made on a Nokia 2110 mobile phone on its own network in 1995. When Nokia entered India, the telecom policies were not conducive to the growth of the mobile phone industry. The tariffs levied on importing mobile phones were as high as 27%, usage charges were at Rs.16 per minute and, at these high rates, consumers did not take to mobile phones. Nokia also had to face tough competition from other powerful global players like Motorola, Sony, Siemens and Ericsson, Samsung, reliance. ————————————————- The Indian Mobile Phones IndustryThe mobile phones industry made a slow start in India in 1995. Several private players who had entered the industry in 1995 exited in the next few years due to the unfriendly telecom policies of the Indian government, high licensing fees and absence of a proper telecom regulatory body. The growth in the subscriber base of mobile phones remained sluggish initially, reaching the 1 million milestone in 1998. In 1999, the Government of India announced a new telecom policy. This policy planned to provide telephones on demand by 2002.| Among other things, the policy allowed unrestricted private entry into almost all mobile service sectors. The government allowed cellular mobile service providers to share infrastructure with other operators. It also allowed existing operators to migrate from fixed license fee to one-time entry fee with revenue sharing. This policy helped many private operators to break even faster. By 2001, the demand for mobile services was growing well. The private companies concentrated on providing basic telephone services to consumers. The number of mobile phones crossed five million by 2001 and doubled to 10 million in 2002†¦

Keith Haring

Keith Haring Looking at different drawings form various artists make me realize that even though they are so different, they have a lot in common. They think differently, but both produce incredible art works. Keith Haring is and was an excellent artist with a clear vision of each of his paintings and a magnificent result. His art works have always been cartoon with a touch of his own style and his own ideas.Keith Haring subjects of his work varied, but they mainly consisted of emotions about birth, death, sex and war, Keith Haring started to get recognized after people saw his street art in the subways, but then he later moved around the world and he ended up with more than 50 pieces of art around dozens of countries. Keith Haring was openly gay and was a strong advocate of safe sex however, in 1988, Haring was diagnosed with AIDS.He established the Keith Haring Foundation in 1989, its mandate being to provide funding and imagery to AIDS organizations and children's programs like ki nder stern, and to expand the audience for Haring’s work through exhibitions, publications and the licensing of his images. Haring enlisted his imagery during the last years of his life to speak about his own illness and generate activism and awareness about AIDS.A lot of harigs work might have been about war and sex was because during his times there was the Vietnam war that was going on, and just 2 months after his death the gulf war in Iraq started, also the reason he chose sex in his art was because i think that it was his aids that contributed to the fact that he was able to draw so passionately about something like sex .Todd Marronne uses some artistic techniques like Haring, for example the use of the thick black marker is used in every single one of his paintings, also the paint is of the same type of paint that creates that cartoony, but deep effect that both artist always use. In my own point of view I see Keith Haring as an artist that puts the events of his life i nto his work and even though the events might not be positive, he represents them in a funny and entertaining way. His art work is either very colorful or black and white.I think that by this Keith might be showing his emotions or he wants to divide up happy from sad memories. Where Keith lived and the time of his life when he lived there influenced his work at many points. As there was war surrounding him, his pieces of art usually reflected on this. He was trying to bring through peace and happiness. Also as I have mentioned earlier, Keith was diagnosed with AIDS. With this sickness Keith developed an opinion for safe sex and many of his drawings reflected on that.As Keith Haring inspired Todd Marronne, there are a lot of things showing from Marronne’s work that proves this. There are many obvious things like the bright colors, cartoon characters, and sense of humor. There is one similarity which also differs them from each other. As Keith Haring does cartoon characters, he makes them basic and simple shapes and mostly concentrates on the message they’re sending whereas Todd Marronne draws cartoon characters into a lot of detail and concentrates on making the shape of the bodies and faces more realistic, but still very cartoonish.

Invention of the Crossbow in Asian History

Invention of the Crossbow in Asian History Energy may be likened to the bending of a crossbow; decision, to the releasing of the trigger. - Sun Tzu, The Art of War, c. 5th century BCE. The invention of the crossbow revolutionized warfare, and the technology would spread from Asia through the Middle East and into Europe by the medieval period. In a sense, the crossbow democratized warfare - an archer did not need as much strength or skill to deliver a deadly bolt from a crossbow as he or she would have with a traditional compound bow and an arrow. Who Invented the Crossbow? The first crossbows were likely invented either in one of the states of early China  or in neighboring areas of Central Asia, some time before 400 BCE. Its not clear exactly when the invention of this new, powerful weapon took place, or who first thought of it. Linguistic evidence points to a Central Asian origin, with the technology then spreading to China, but records from such an early period are too scanty to determine the origins of the crossbow beyond a doubt. Certainly, the famed military strategist Sun Tzu knew about crossbows. He attributed them to an inventor named Qin from the 7th century BCE. However, the dates of Sun Tzus life  and the first publication of his Art of War  are also subject to controversy, so they cannot be used to establish the early existence of the crossbow beyond a doubt. Chinese archaeologists Yang Hong and Zhu Fenghan believe that the crossbow may have been invented as early as 2000 BCE, based on artifacts in bone, stone, and shell that may be crossbow triggers. The first known hand-held crossbows with bronze triggers were found in a grave in Qufu, China, dating from c. 600 BCE. That burial was from the State of Lu, in what is now Shandong Province, during Chinas Spring and Autumn Period (771-476 BCE). Archaeological Evidence Additional archaeological evidence shows that crossbow technology was widespread in China during the late Spring and Autumn Period. For example, a mid-5th century BCE grave from the State of Chu (Hubei Province) yielded bronze crossbow bolts, and a tomb burial in Saobatang, Hunan Province from the mid-4th century BCE also contained a bronze crossbow. Some of the Terracotta Warriors buried along with Qin Shi Huangdi (260-210 BCE) carry crossbows. The first known repeating crossbow was discovered in another 4th century BCE tomb in Qinjiazui, Hubei Province. Importance in History Repeating crossbows, called zhuge nu in Chinese, could shoot multiple bolts before needing to be reloaded. Traditional sources attributed this invention to a Three Kingdoms period tactician named Zhuge Liang (181-234 CE), but the discovery of the Qinjiazui repeating crossbow from 500 years before Zhuges lifetime proves that he was not the original inventor. It seems likely that he improved significantly on the design, however. Later crossbows could fire as many as 10 bolts in 15 seconds before being reloaded. Standard crossbows were well-established across China by the second century CE. Many contemporary historians cited the repeating crossbow as a key element in Han Chinas Pyrrhic victory over the Xiongnu. The Xiongnu and many other nomadic peoples of the Central Asian steppes used ordinary compound bows with great skill  but could be defeated by legions of crossbow-wielding infantry, particularly in sieges and set-piece battles. Koreas King Sejong (1418-1450) of the Joseon Dynasty introduced the repeating crossbow to his army after seeing the weapon in action during a visit to China. Chinese troops continued to use the weapon through the late Qing Dynasty era, including the Sino-Japanese War of 1894-95. Unfortunately, crossbows were no match for modern Japanese weaponry, and Qing China lost that war. It was the last major world conflict to feature crossbows. Sources Landrus, Matthew. Leonardos Giant Crossbow, New York: Springer, 2010.Lorge, Peter A. Chinese Martial Arts: From Antiquity to the Twenty-First Century, Cambridge University Press, 2011.Selby, Stephen. Chinese Archery, Hong Kong: Hong Kong University Press, 2000.Sun Tzu. The Art of War, Mundus Publishing, 2000.

The Sociology of the Internet and Digital Sociology

The Sociology of the Internet and Digital Sociology The sociology of the internet is a subfield of sociology in which researchers focus on how the internet plays a role in mediating and facilitating communication and interaction, and on how it affects and is affected by social life more broadly. Digital sociology is a related and similar subfield, however, researchers within it focus on such questions as they pertain to the more recent technologies and forms of online communication, interaction, and commerce associated with Web 2.0, social media, and the internet of things. Sociology of the Internet: An Historical Overview In the late 1990s, the sociology of the internet took shape as a subfield. The sudden widespread diffusion and adoption of the internet in the U.S. and other Western nations drew the attention of sociologists because the early platforms enabled by this technologyemail, list-serves, discussion boards and forums, online news and writing, and early forms of chat programswere seen as having significant impacts on communication and social interaction. Internet technology allowed for new forms of communication, new sources of information, and new ways of disseminating it, and sociologists wanted to understand how these would impact peoples lives, cultural patterns, and social trends, as well as larger social structures, like the economy and politics. Sociologists who first studied internet-based forms of communication took interest in impacts on identity and social networks that online discussion forums and chat rooms might have, especially for people experiencing social marginalization because of their identity. They came to understand these as online communities that might become important in a persons life, as either a replacement or a supplement to existing forms of community in their immediate surroundings. Sociologists also took interest in the concept of virtual reality and its implications for identity and social interaction, and the implications of the society-wide shift from an industrial to an information economy, enabled by the technological advent of the internet. Others studied the potential political implications of the adoption of internet technology by activist groups and politicians. Across most topics of study, sociologists paid close attention to the way online activities and relationships might be related to or have impacts on those a person engages in offline. One of the earliest sociological essays pertinent to this subfield was written by Paul DiMaggio and colleagues in 2001, titled  Social Implications of the Internet, and published in  Annual Review of Sociology. In it, DiMaggio and his colleagues outlined then-current concerns within the sociology of the internet. These included the digital divide, relationships between the internet and  community and social capital (social ties), the impact of the internet on political participation, how internet technology impacts organizations and economic institutions and our relationships to them, and cultural participation and cultural diversity. Common methods during this early stage of studying the online world included network analysis, used to study the ties between people facilitated by the internet, virtual ethnography conducted in discussion forums and chat rooms, and content analysis of information published online. Digital Sociology in Todays World As internet communication technologies (ICTs) have evolved, so too have their roles in our lives and their impacts on social relations and society overall. As such, so too has the sociological approach to studying these evolved. The sociology of the internet dealt with users who sat before wired desktop PCs to participate in various forms of online communities, and while that practice still exists and has even become more common, the way we connect to the internet nowmostly via wireless mobile devices, the advent of a wide variety of new communication platforms and tools, and the general diffusion of ICTs into all aspects of social structure and our lives requires new research questions and methods of study. These shifts also enable new and larger scales of researchthink big datanever before seen in the history of science. Digital sociology, the contemporary subfield that has subsumed and taken over from the sociology of the internet since the late 2000s, takes into account the variety of ICT devices that populate our lives, the variety of ways in which we use them (communication and networking, documentation, cultural and intellectual production and sharing of content, consuming content/entertainment, for education, organization and the management of productivity, as vehicles for commerce and consumption, and on and on), and the many and varied implications these technologies have for social life and society overall (in terms of identity, belonging and loneliness, politics, and safety and security, among many others). EDIT: Role of digital media in social life, and how digital technologies and media are related to behavior, relationships, and identity. Recognizes the central role that these now play in all aspects of our lives. Sociologists must take them into account, and they have done so in terms of the kinds of research questions they ask, how they conduct research, how they publish it, how they teach, and how they engage with audiences. The widespread adoption of social media and the use of hashtags have been a data boon for sociologists, many of whom now turn to Twitter and Facebook to study public engagement with and perception of contemporary social issues and trends. Outside the academy, Facebook assembled a team of social scientists to mine the sites data for trends and insights and regularly publishes research on topics like how people use the site during periods of romantic courtship, relationship, and what happens before and after people break up. The subfield of digital sociology also includes research that focuses on how sociologists use digital platforms and data to conduct and disseminate research, how digital technology shapes the teaching of sociology, and on the rise of a digitally enabled public sociology that brings social science findings and insights to large audiences outside of academia. In fact, this site is a prime example of this. Development of Digital Sociology Since 2012 a handful of sociologists have focused on defining the subfield of digital sociology, and on promoting it as an area of research and teaching. Australian sociologist Deborah Lupton recounts in her 2015 book on the topic,  titled simply  Digital Sociology, that U.S. sociologists Dan Farrell and James C. Peterson in 2010 called sociologists to task for not yet embracing web-based data and research, though many other fields had. In 2012 the subfield became formalized in the UK when members of the British Sociological Association, including Mark Carrigan, Emma Head, and Huw Davies created a new study group designed to develop a set of best practices for digital sociology. Then, in 2013, the first edited volume on the topic was published, titled  Digital Sociology: Critical Perspectives.  First focused conference in New York in 2015. In the U.S. there is no formalized organization around the subfield, however many sociologists have turned to the digital, in both research focus and methods. Sociologists who do so can be found among research groups including the  American Sociological Associations sections on Communication, Information Technologies, and Media Sociology,  Science, Knowledge and Technology,  Environment and Technology, and Consumers and Consumption, among others. Digital Sociology: Key Areas of Study Researchers within the subfield of digital sociology study a wide range of topics and phenomena, but some areas have emerged as of particular interest. These include: The impact of ICTs on social relationships, like the role that social media plays in teen friendships today,  how and which rules of etiquette have emerged around smartphone use in the company of others, and how they impact dating and romance in todays world.How ICTs are a part of the processes of crafting and expressing identity, like through creation of social media profiles on popular sites including Facebook and Instagram, how selfies are a part of those processes in todays world, and the extent to which there may be benefits or drawbacks to expressing ourselves online.The impact of ICTs and social media on political expression, activism, and campaigning. For example, some sociologists are curious about the role and impacts of changing ones Facebook profile picture to reflect solidarity with a cause, and others, in how online activism might impact and/or advance issues offline.The role and impact of ICTs and the web in processes of building group affiliation and community, part icularly among marginalized groups like LGBT individuals, racial minorities, and among extremist groups like anti-vaxxers and hate groups. Since the early days of the sociology of the internet, the digital divide has been an area of concern for sociologists. Historically that has referred to the way wealth brokers access to ICTs and all the resources of the web-connected to them. That issue remains relevant today, however others kinds of divides have emerged, like how race affects the use of social media in the U.S. ​Notable Digital Sociologists Mark Carrigan, University of Warwick (education, capitalism, and big data)Deborah Lupton, University of Canberra (defining digital sociology as a subfield)Mary Ingram-Waters, Arizona State University (fantasy football and identity and ethics)C.J. Pascoe, University of Oregon (teen use of social media and ICTs)Jennifer Earl, Arizona State University (politics and activism)Juliet Schor, Boston College (peer-to-peer and connected consumption)Alison Dahl Crossley, Stanford University (feminist identities and activism)

Risk in marketing and human resource and how to manage it Essay

Risk in marketing and human resource and how to manage it - Essay Example In the section of promotion, risks occur if a company fails to select the right media to reach its audience and the idea that, a company develops a message that is not making any progress, this could mean that either the message is not clear or the one announcing has tempered with key points.   SWOT analysis is one strategy that helps eliminate most of the risks. That is if the companies together with the employees sit together and get to know what their customers are saying about the prices of their commodities, if they are fair, expensive or cheap and see the need to adjust. Also, if the company feels it does not reach out to the public, it needs to come up with new strategies of promoting their products, could be, they look for sale person or change Medias. Risks in this section start as fast as planning is concerned. Human Resource entails analyzing jobs and descriptions. This means that; they have a right to select the right person for a given position. If neglect is done in this area, there is a possibility of not getting the right manpower at the right time. In recruitment and selection, an action plan is set to ensure that the organization does not get any shortage of personnel that are qualified. If poor procedures are followed, there is a risk of incompetence in job production. The other aspect is in performance appraisals; all employees are expected t undergo an evaluation to see if the set goals were met or not. If no appraisals are done, there is a risk of de-motivation and will impact on production negatively. Being able to identify a risk brings us to the first step of risk management. This is achieved through a careful assessment tool, so as to be able to analyze and manage the types of risks (Kiritsis, Dimitris 28-30). Print Kiritsis, Dimitris. ‘Engineering Asset Lifecycle Management.’ Proceedings of the 4th World Congress on Engineering Asset Management (wceam 2009), 28-30 September 2009. London: Springer,

Professional Development - Career Profile (in Marketing) Assignment

Professional Development - Career Profile (in Marketing) - Assignment Example ternet marketing is one of the latest ongoing business industries that is proving itself to be highly profitable as compared to physical offices and manufacturing organisations. It has versatility in its work operations and constantly thrives for changes to be profitable and successful. The resources used are minimum and the main element required is knowledge and creative skills to implement ideas. One such organisation that I am highly interested in joining is Google Incorporation. I would like to start my professional career from one of the most successful multinational organisations that have made a good brand name in the internet marketing category. The mission statement of Google is to allow all the users on the internet to have the access of various kinds of information pertaining to any topic. The information should be available and readily accessible by all the users of the world (Google Jobs, 2013). Google has engineered its management styles by taking in top notch professionals that have a good command on their work. The leadership style followed at Google is mostly Laissez Fairre. The professionals hired at Google are professional in the field of technology and with a good amount of experience. Google hires the best ones who know their word and do not require any guidance to conduct their work procedures. This one of the factors of how organisations are successful. The organisational structure of Google consists of Board of Director, Senior Leadership members and Executive Officers. It is a short hierarchy and both the executive officers and Senior Leaders are accountable to the Board of Directors. In Laissez Fairre leadership style, the expert professionals are empowered with the tasks authority and this is how the employees work at Google (Google Company, 2013). Google has an open culture policy at its work place and it encourages the employees to give their valuable suggestions and opinions. On emails and sometimes in cafe, the Google audience