Toyota Brand Analysis Essay Example | Topics and Well Written Essays - 1000 words

Toyota Brand Analysis - Essay Example Stronghold - the brand should convey a reliable picture after some time to fortify its place in the buyer's mind and build up an extraordinary relationship with the customer. Brand expansions can additionally sustain the brand, yet just with related items having an apparent fit in the psyche of the buyer. An organization may have many brand names, yet each gathering should fit well together. At the point when Toyota needed to contend in the extravagance vehicle showcase, another brand called Lexus was made. This abstained from muddying the set up Toyota brand name, which speaks to esteem and economy, and expelled any conceivable negative previously established inclinations about the Lexus name being modest. The unique fortunes of two vehicles made by a similar maker offer a unintended investigation of the influence of brand system to adjust conduct. Since 1989, both the Toyota Corolla and the Geo Prizm have been made by New United Motor Manufacturing Inc. (NUMMI), a joint endeavor of General Motors and Toyota. While the two vehicles are virtual twins, the Corolla has had reliably more grounded deals regardless of a more significant expense. Why The quality of Toyota's image permitted it to charge more, says The Economist. Purchasers figured a Toyota would be better than a GM vehicle in a similar class, thus cheerfully paid more. The impact of brand value on benefit and development is striking. ... Purchasers figured a Toyota would be better than a GM vehicle in a similar class, thus cheerfully paid more. The impact of brand value on benefit and development is striking. While the two vehicles cost the equivalent to make-about $10,300-Toyota offered 200,000 Corollas to sellers at $11,000 each, while GM figured out how to move just 80,000 Geo Prizms at $10,700 somewhere in the range of 1990 and 1994, The Economist notes. The outcome: Toyota made $128 million more than GM in working benefits from NUMMI, while its sellers made $107 million more than those of GM from the plant's items. Toyota Motor Corp. (TM ) is poised to be the world's No. 1 car producer by 2008. It delivers about one of each six vehicles sold in the U.S., remembering nine models for the South and Midwest, where it utilizes 32,000 Americans. Indeed, even New York uniform taxi armadas, once to a great extent comprised of rugged Lincolns, presently include Toyota's Prius, the hit mixture overwhelming waterfront urban communities. Toyota to a great extent remains backwoods to American financial specialists, while GM can in any case pull in purchasers even as it plays with chapter 11. Toyota stock doesn't have the 'mind share' of GM or Ford, says John M. Novak, an auto examiner at Chicago's Morningstar Inc. There's a discernment that you can't put resources into it [because] it's a Japanese organization - that you would require an extraordinary record. ( Business week) Toyota Strengths: In 2003 Toyota thumped its opponents Ford into third spot, to turn into the World's second biggest carmaker with 6.78 million units. The organization is still behind opponents General Motors with 8.59 million units in a similar period. Its solid industry position depends on various elements including a differentiated item go, exceptionally focused on advertising and a promise to lean assembling and quality. The organization makes an enormous scope of

Sustainable Space Tourism Consumer Behavior

Question: Depict about the Sustainable Space Tourism for Consumer Behavior? Answer: Presentation Extravagance item or administration in financial aspects is named as any item or administration that carries on independently from the law of interest. Interest for extravagance items rise when salary of an individual increments thoroughly are devoured by individuals with more significant level of discretionary cashflow, and are commonly that are treated as a belonging to flaunt (Duval and Hall 2015). For this specific venture, the extravagance item picked is Virgin Galactic Space Tourism. Extravagance the travel industry when characterized states the significant level of desire and prevalence of administrations and producing more elevated level of fulfillment by bringing about higher measure of consumptions. This specific fragment of room the travel industry is considered as lavish basically in light of the greater expense inclusion and its capacity to treat the explorers with the extraordinary extension to imagine the scene dwelling place and magnificence of the planet from the sky (Hall and Page 2014). The objective market of room the travel industry is recognized as follows: Age factor: Age factor is the most urgent determinant of room the travel industry. By and large, individuals having a place with the age gathering of 20-45 years are increasingly hesitant towards undertaking space the travel industry. Inclusion of experience and eagerness to appreciate stratospheric excellence and scene make this specific the travel industry an ideal counterpart for youthful and moderately aged individuals (Ma and Hassink 2013). Area factor: Location factor is another significant subordinate of the travel industry as taste and inclination of individuals with respect to decision of the travel industry spot decides if the travel industry movement will thrive or not. Appealing areas and its capacity to give experience and in particular treat individuals with the undertakings of the sky is another factor that will exceptionally manage space the travel industry (Reddy Nica and Wilkes 2012). Salary example and costs: Level of pay and example of use of people are considered as another determinant of the travel industry. Space the travel industry being costly in nature, in this way, individuals having a place with higher pay bunch is increasingly powerless towards benefiting this specific the travel industry administration. Along these lines, cost example of individuals develops to be another rules for focusing available. Individuals who are commonly intrigued towards expensing extravagantly to treat themselves with new administrations can be another characteristics for prospering space the travel industry. In the wake of looking into the potential factors that manages space the travel industry the two most significant variables that will decidedly feature the objective - advertise is subject to singular attributes of higher salary age and individuals having a place with the recognized age gathering (Ringer 2013). Techniques Business feature Virgin galactic space the travel industry is the most recent prologue to the travel industry; where committed experts like specialists, researchers have required the exertion of presenting the principal business space liner airplane offices for the fans ready to investigate the grand magnificence of the earth from the space. The organization expects to give space sightseers suborbital space flights and partakes in suborbital dispatches of little satellites and science missions. Indeed, even the sightseers should be furnished with the administration of riding controlled helium expands that would be taking them over the mists (Thurlow and Jaworski 2013). So as to feature the motivation behind why individuals like to pick extravagance the travel industry as their decision or inclination are featured through audit of the various components that creates inclination of individuals towards leading space the travel industry. These are: Changes in client esteems: Changes in the estimations of clients with respect to utilization of extravagance items has been one of the prime explanations for developing patterns of extravagance the travel industry. By and by, people have gotten increasingly slanted and pulled in towards a specific help that gives them a sentiment of uniqueness and experience something that gives more significant level of fulfillment (Webber 2013). Changes in example of business: With changing example of interest of the buyers, the specialist organizations are additionally guided towards offering separated types of assistance to remain ahead in rivalry. Specialist co-ops or visit administrators began to give visit administrations to extraordinary places and undertakings and presentation of room the travel industry currently decides the splendor of picturing scene excellence from the stratosphere (Duval and Hall 2015). Buyer conduct factor is reliant on some basic factors, for example, sociological factor. Social components are viewed as the most significant variables that directs extravagance the travel industry. The two most significant sociological components that decide the age and prospering of space the travel industry are expressed as follows: Social classes-People having a place with various classes and parts of the general public by and large have wants of treating themselves with various sorts of administrations. Level of pay and example of speculation are the two significant attributes behind benefiting a specific assistance. Nonetheless, from the setting of extravagance the travel industry, explicitly space the travel industry, individuals having a place with more significant level of society with more elevated level of buying power are commonly disposed towards profiting this specific assistance (Ringer 2013). Patterns of culture-Highlighting the variables out from the idea of general financial matters, extravagance the travel industry doesn't keep the law of interest. Temporary fad impact is viewed as one of the prime explanations for benefiting this specific type of administrations. Space the travel industry being considered as an example and pattern of ubiquity and something to flaunt, individuals will be commonly intrigued towards featuring their decision and inclination. Social pattern of room the travel industry being on the higher side, individuals for the most part like to be connected with the administration having more noteworthy brand worth and recommendation (Hall and Page 2014). Result/Findings Figure 1: Increased pace of development the travel industry structure 2010 and projections until 2017 (Source :Webber 2013) In the wake of experiencing the adjustments in the example of the travel industry in everywhere throughout the world, it very well may be expressed that space the travel industry has been rising as one of the trendiest example of the travel industry action. In 2010, 16.1 % individuals were intrigued towards profiting space the travel industry action and the patterns have ascended in the next years with 18.9% of all out number of visitors have taken space visits. In the forthcoming years, the travel industry movement in this specific area is required to ascend to 19.4% in 2017 (Reddy Nica and Wilkes 2012). End In the wake of surveying the patterns of room the travel industry, it very well may be expressed that, space the travel industry will appreciate monstrous notoriety in the up and coming years and expanded movement from the individuals having a place with the higher salary gathering and by and large having a place with lower age gathering. Extravagance the travel industry unquestionably features the elements like buying intensity of people and developing patterns of outrageous experience the travel industry. Reference Duval, D.T. what's more, Hall, C.M., 2015. Practical space tourism.The Routledge Handbook of Tourism and Sustainability, p.450. Lobby, M.C. what's more, Page, S.J., 2014.The topography of the travel industry and amusement: Environment, spot and space. Routledge. Mama, M. what's more, Hassink, R., 2013. A transformative point of view on the travel industry zone development.Annals of Tourism Research,41, pp.89-109. Reddy, M.V., Nica, M. what's more, Wilkes, K., 2012. Space the travel industry: Research proposals for the eventual fate of the business and points of view of potential participants.Tourism Management,33(5), pp.1093-1102. Ringer, G. ed., 2013.Destinations: social scenes of the travel industry. Routledge. Stangl, B., Kastner, M. what's more, Polsterer, F., 2012, January. Social Virtual Worlds' Success Factors: Four Studies' Insights for the Tourism Supply and Demand Side. InSystem Science (HICSS), 2012 45th Hawaii International Conference on(pp. 993-1002). IEEE. Thurlow, C. furthermore, Jaworski, A., 2013. Visibleinvisible: The social semiotics of work in extravagance tourism.Elite Mobilities, pp.176-193. Webber, D., 2013. Space the travel industry: Its history, future and importance.Acta Astronautica,92(2), pp.138-143.

12 Jobs That Dont Require a College Degree That Pay Over $50,000

12 Jobs That Dont Require a College Degree That Pay Over $50,000 12 Jobs That Pay Over $50,000, No College Degree Required 12 Jobs That Pay Over $50,000, No College Degree RequiredNo college degree? No problem for these career paths.While paying for college can leave you with a mountain of debt, looking for a job  with no college degree comes with a host of troubles too.  Tons of jobs require those degrees right off the bat, which can drastically narrow your search before you’ve even begun.And many of the jobs that are left over don’t pay nearly as well. Working a low-paying job while trying to support a family is exactly the kind of thing that leaves you vulnerable to predatory bad credit loans and title loans.Luckily, this isn’t true in all cases. If you only have a high school diploma, there are many jobs you can get that that still pay pretty well! That’s why looked through the latest info from the U.S. Bureau of Labor statistics and picked out 12 primo jobsâ€"all with average annual salaries above $50,000â€"that don’t require a college degree.Enjoy!1. Elevator installers and repairers $7 8,890 per yearWhile this job doesn’t require a high school diploma, it will require an apprenticeship. In 35 states, you’ll also need to be licensed. But if you can get the gig, you’ll be bringing in a very nice wage! The Bureau predicts that this field will grow 13 percent between 2014 and 2024. It’s not like we could have cities (or any tall buildings) without elevators, right?2.  Transportation inspectors $72,220  per yearThis field includes inspectors for both freight and passenger transportation. Odds are you’ll be working in the rail or auto repair industry or for a branch of the government. Sure, this a job that can come with serious consequences if you screw up, but with an average annual wage in the low 70’s, it’s worth it.3.  Gaming managers $69,180  per yearNo this doesn’t mean managing a Game Stop or a DD store. It means working in the gambling industry. While this is a job you might have to work up toâ€"climbing through the ranksâ€"it’s not like the gambling industry’s going to go anywhere. Even with the advent of internet gambling, there’s something about casinos (the stale smell of sadness and cigarettes) that just can’t be beat.4.  Subway and streetcar operators $64,680  per yearWe’re based in Chicago, which has a pretty fantastic public transportation system, so trust us when we tell you that cities literally could not function without people working these jobs. Sadly, unless there’s a huge boom in local rail construction, these jobs will continue to be less widely available than many of the other ones on this list.5.  Claims adjusters, examiners, and investigators $63,680  per yearThis is a great job for someone who doesn’t want to sit around an office all day, as these folks are often going out and inspecting prospective claims. Higher-up positions might require a bachelor’s degree.While the Bureau doesn’t predict a ton of growth for these roles (3% from 2014 to 2024), there will always be a market for t hem. People will keep screwing up and/or trying to pull a fast one. It’s what we do!6.  Boilermakers $62,980  per yearUntil we can make buildings that warm themselves, boiler’s ain’t going nowhere. This is another job that usually requires an apprenticeship program (and it helps if you some prior welding) experience. Plus, the work itself can be difficult and dangerous, and you can find yourself working away from home for months at a time. If you want a job where you can earn a great wage working with your hands, then check it out.7.  Construction and building inspectors $58,480  per yearThis is a good job for someone who’s been working construction for a while, as industry experience is a big plusâ€"bordering on a “must-have.” Its availability is tied to the construction industry (more building built = more buildings being inspected) and the Bureau predicts that it’ll grow 8 percent through 2024.8.  Postal service workers $56,790  per yearIn general, getting a job at the post office is a great idea if you’re looking for a solid job that doesn’t require a college degree. Post office clerks are based in the post-office itself, which means that the job has a heavy customer service aspect to it.If you’re into something a little more outdoorsyâ€"and like dogsâ€"then being a mail carrier might be a better fit.9.  Electricians $52,720  per yearBy this point, you’ve probably noticed that a lot of these jobs are related to construction. That’s not surprising! A lot of these jobs require hard work, experience, and knowledgeâ€"just not the kind you’ll get with a bachelor’s degree!Becoming an electrician requires an apprenticeshipâ€"and always carries the risk of getting shockedâ€"but it’s a great job with a bright (pun intended) future. And if you’re sneaky, like this basketball-obsessed electrician, you can leave your mark on a building for years to come.10. Telecommunications line installers and repairers $52,590  per yearWe cannot stress this enough: If you are afraid of heights, this is not the job for you. And remember that “risk of being shocked” that we mentioned with electricians? Yeah, that’s also a huge risk here. Being a line worker is a good job it’s just not necessarily the safest. It  requires extensive on-the-job training and/or an apprenticeship.11. Sales representatives $52,490  per yearAh, yes. Sales. The world’s second-oldest profession. There are a wide array of sales positions out there, from Best Buy to IBM to Glengarry Glen Ross. These positions can be tough, with a high turnover and a lot of sketchy employers, but they represent a fantastic opportunity for someone who has a knack for itâ€"college degree not required. Just remember your ABCs: Always Be Closing.12. Hearing aid specialists $50,250  per yearThis is a job that you probably haven’t considered, but it’s definitely one that you should look into. As a hearing aid specialist you will administer hearing tests, take ear impressions, design ear molds, and other duties related to hearing aids.As the U.S. population ages over the next couple decades, this demand for this job is only going to increase.  That’s probably why the Bureau predicts a 27 percent rise in hearing aid specialists positions by 2024.Have you had experience searching for a job without a college degree? We want to hear what that’s been like for you! You can  email us  or you can find us on Twitter at @Opploans.

Public sector organization of India - Free Essay Example

Sample details Pages: 15 Words: 4525 Downloads: 2 Date added: 2017/06/26 Category Management Essay Type Research paper Level High school Did you like this example? 1. Executive Summary: Public sector is purely assets that remain in state that its ownership is purely and transparently public and it is process of outsourcing. The public sector comprises that organisation which provides service to the public and for which a charge may or may not be made and funded from public expenditure and which are subject at some level to political control. Don’t waste time! Our writers will create an original "Public sector organization of India" essay for you Create order Public sector reorganising in India has been a big topic of debate for a number of years and it has come under scrutiny of expert committees for reason. Public sector undertakings are the major drivers of growth of Indian economy. Apart from financial benefits, these organizations have contributed a lot to the development of Indian society. For the analysis of management of the public sector, I have selected a leading public sector organization in oil and gas sector. This organization is a leading organization in the field of natural gas transportation and marketing in India. It also has a dominant presence in petrochemical business and one of the top three players in India. This report analysis deals with the current organizational structure of the organization, its strengths and weaknesses, global industry landscape, evaluation of industry in India, the critical issues faced by the management and managements strategy for the future. At last I am trying to explore the respo nse of the top management regarding these critical issues and trying to draw my own conclusion and recommendation on the management of that public sector organization. 2.Introduction: For the analysis of Public Sector Management, I have selected a leading public sector organization of India. This public sector undertaking (PSU) is in the oil and gas sector and is one of the leading organizations in the transportation and marketing of natural gas in India. This organization was set up by government of India to create gas sector infrastructure for sustained development of natural gas sector in India. The organization called itself as an integrated gas company and has presence in the entire value of natural gas including exploration and production, processing of natural gas, transmission, distribution and marketing. Today, the organization has reached new milestones with its strategic diversification into Petrochemicals, Telecom and Liquid Hydrocarbons besides gas infrastructure through equity and joint ventures participations. The organization has a dominant position in natural gas business in India and has 78% market share in natural gas transmission and 70% m arket share in natural gas marketing in India. It also processes the natural gas and markets the C2, C3, C4 products (Ethane, Propane, and Butane etc). Ethan is used in its own petrochemical plant. Propane, Butane and other high carbon compounds are marketed to other Indian oil companies and are used to produce LPG for domestic and industrial consumption. It is also a leading player in the Indian petrochemical sector thanks to its gas based petrochemical plant which has a capacity of 410000 TPA (Tones per annum). It has an ambitious plan to expand capacity of its petrochemical to 1.5 MMTPA in next five years by expanding the existing operation and setting up new petrochemical plants in different parts of India and abroad. Currently the organization has limited presence in power sector but planning to enter in a big way in near future considering the huge demand of electricity in India and encouraging government policies. The organization is planning to make it big in the city gas di stribution sector by supply natural gas over more than 1000 cities of India. The organization also has presence in a few international market through joint ventures and subsidiaries though the international exposure is quite limited compared to other oil and gas giants. Apart from natural gas, our chosen organization also has limited exposure in telecom domain through their 13,000 Km long optical fibre cable network. In terms of financial performance, the organization has done very well in last few years and has a turnover of Rs 237760 million in 2008-09 with a net profit of Rs 28040 million. Total number of employees in the organization is around 4000. The financial performance of the organization is given bellow. Vision of our chosen public sector undertaking is to be a leading company in the natural gas domain and beyond with global focus, customer care and create value for all the stakeholders of the company and take care of the environment. The company is trying to achiev e its vision through its mission statement which says that the organization accelerate and optimize the use of natural gas to benefit the Indian economy. 3.Organization Structure: The organization structure of our chosen organization is similar to the typical public sector undertakings. The employees can be divided into two large segments Executives and Non executives. As per the 2009 data, total number of employees in the organization is 3700. In terms of levels, in executive cadre, the organization has 9 layers (E1 to E9). Each of the employee layers, their designations and strength is mentioned in the below table. To join in the executive cadre, one needs a professional degree as bare minimum qualification. The new entrants join the organization in the level of executive trainee (E1 Level). After completing the training period which lasts for one year, they are promoted the E2 level. Most of the promotions are time bound and performance based. It implies that for getting considered for promotion to the next grade, one need to spend a minimum number of years in that level. After completing the required number of years, the selection board compromising o f board of directors selects the deserving candidates based upon the individual performance. Government plays a very important role in the higher level promotions as ministry of petroleum and natural gas of India indirectly decided the number of promotions that to be made after E5 level as the final list has to be approved by the ministry. E9 or the executive director is the highest position that one employee can reach through departmental promotion. Board level positioned are completely decided by the ministry and done by open recruitment. When there a position on the board has to be filled, an apex committee called â€Å"Public Enterprise Selection Board (PESB)† invites open application from all the eligible candidates and after conducting interview with shortlisted candidates, they finalized the candidate for the board level position. The final selection has to be approved by the ministry of petroleum and natural gas. In non executive level, the organization has 7 le vels (S0 to S8). After completing the S8 level, the non executive got promoted to the executive cadre. The organization is mainly executive dominant as only 1051 or the 28% of the total employee strength works in the non executive cadre. Rest 2649 or 72% of the total employees are in executive cadre. Hierarchical Levels Name of the Designations Total Number CMD Chairman Managing Director 1 DIRECTORS Functional Director 4 E9 Executive Director 13 E8 General Manager 54 E7 Deputy General Manager 97 E6 Chief Manager 202 E5 Senior Manager 375 E4 Manager 661 E3 Deputy Manager 352 E2 Senior Officer/ Senior Engineer 708 E1 Executive Trainee / Engineer/ Officer 182 S7 Junior Engineer 275 S6 Superintendent 356 S5 Assistant Grade I 53 S4 Assistant Grade II 171 S3 Attendant Grade I 140 S2 Attendant Grade II 9 S1 Attendant Grade III 16 S0 Attendant Trainee 31 Total =3700 Table 1: Organizational Hierarchy Selection is done through both open recruitment and campus interview process for both the executive and non executive cadre. 4.Educational Profile of the employees: As the organization is executive dominant that need at least one professional qualification while entering, the average education level of the organization is very high. The technical team of the organization consists of around 1100 engineers who basically look after the erection and commissioning, operation and maintenance of natural gas and LPG pipelines. They also take care of the operation and maintenance of the petrochemical plant located in the north India. Apart from engineers, the organization has over one hundred MBAs for looking after different business segments specially marketing division. Finance, one of the key ingredients of business, is entrusted with finance professionals, mostly Chartered Accountants and Cost Accountants. Professionals from Humanities are present in the human resource department and have brought about the creative and the artistic aspect of the company to the fore. 5.Management Structure of the organization: Top management of our chosen organization consists of chairman and managing director of the organization, 4 full time directors, 2 part time directors who represent the government of India in board meeting, 5 part time non official directors (independent directors). Full time directors represent the different functional areas of the organization which includes finance, human resource, projects and marketing. Its board also has position for one chief vigilance officer and one company secretary. All of the board members are highly qualified and have diverse background which helps board to bring fresh prospective while deciding the future strategy of the organization. 6.SWOT Analysis: 6.1Strength of the organization: A. Small and flexible Compared to the other public sector organization, with a few thousand employees this organization is one of the smallest public sector undertakings in India. So there is better communication between the management and employees. The average profit per employee is close to Rs 7 million. So management can take well informed decision and can take view of all the employees regarding its future strategy. B. Highly educated manpower This organization is executive dominant. So the large section of the employee base is equipped with professional qualification. Apart from basic professional degrees, many of the employee opted for higher studies thanks to the encouraging education policies of the organization. C.Government support and backing As a public sector organization, government of India in the major equity holder in this organization and has a share holding of 70%. So in many cases the organization enjoys the constant support of Indian government. 6.2 Weakness of the Organization: A.High response time As a government entity it has a bureaucratic style of functioning and this leads to higher response time. In many cases, it is not possible for the organization to make a fast move to counter the moves of its competitors. As most of its competitors are private entities, they can take faster decision regarding investment. 6.3 Opportunities: A.High demand of natural gas TheIndian energy sector is booming in last few decades thanks to the high demand emerged from the growing Indian economy and natural gas has emerged as a major source of energy. In India, coal is mainly used for the source of energy as India has huge amount of low grade coal. But slowly natural gas is emerged as another source due to low cost and its environment friendliness nature. The demand for natural gas in India is primarily driven by power and fertilizer sector. The capital cost of setting up natural gas based power plant is low compared to coal based power plant and it take less time to set up such plants due to compact nature. In fertilizer sector, the gas based plant has a high efficiency rate and the unit cost of production is much less compared to naphtha based fertilizer plant. Also government policy of issuing fresh licenses only to the fertilizer plants based on natural gas has increased the demand manifolds. B. Environmental concern Natural gas is the cleanest of all the fossil fuel available. Now the whole world is looking for green energy and alternative clean fuel. As coal not so cleaner fuel and contributed a lot to the emission of greenhouse gases, natural has had an advantage over coal as it is much cleaner as no greenhouse gases are emitted from the burning of natural gas. Natural gas gives less CO2 gas if burned in a furnace or closed chamber and also has a higher efficiency rate. As per the research, per unit of energy its combustion produces 30% less carbon dioxide than oil, and about 45% less carbon dioxide than coal (naturalgas.org, 2010).After the Copenhagen summit, we can expect stringent environment regulations in place to reduce the harmful emission and adoption of cleaner fuels. In this scenario, natural gas will be dominant source of future energy basket. C. Development of fuel cell technology Currently many researches is going on the fuel cell technology to use natural gas an input. Fuel cells are battery like devices that use hydrogen to generate electricity. This is a very clean technology as the byproduct water and no greenhouse gasses are emitted in the process. Natural gas can supply this hydrogen as it is a rich source of hydrogen. In near future, fuel cell technology can change the dynamics of the world energy scenario and natural gas will be a key driver (naturalgas.org, 2010). Our organization is tied up with many research institutes to help the development process of fuel cell technology. D.Transportation Sector Transportation sector is one of the largest contributors of air pollution in the world. Transportation vehicles like truck, busses, cars etc emits greenhouse and poisonous gases like CO, NO, NO2, CO2, SO2 etc which pollutes the surroundings and creates problems like smog and low visibility (Natural Gas Vehicle Statistics, 2010). Use of natural gas a transportation fuel cut down the level of emission. So there are initiatives to use natural gas as a major transportation fuel. Indian government is also pushing natural gas for city gas distribution which can reduce the demand for LPG and also in transportation though CNG. Delhi has the largest fleet of public transportation system in the world which runs on CNG (naturalgas.org, 2010). 6.4 Threats: A. Changing regulation in Oil and gas sector The Indian Oil and gas market is regulated one but it is slowly moving towards an unregulated one. Earlier as a government entity, the organization enjoys complete monopoly and the full freedom and support of government in natural gas sector. But in the recent development, government of India has introduced a regulator to look after the market development. To increase the completion and to break the monopoly, the regulator has changed the playing rules which effects the organization as the market is now open for private players too which bring intense completion in the natural gas sector. In end of 2006, the Ministry of Petroleum and Natural Gas of India has issued a new policy guideline which permitted to have up to 100% equity stakes in pipeline projects by national oil companies, foreign investors and private domestic companies. Now even the transmission tariff is decided by the regulators and new pipeline infrastructure is build after inviting open tender. Earlier, foreign p layers couldnt enter into the oil and gas sector as Indian government considered the sector as sensitive and having strategic importance. Now they can participate in different projects and can invest alone, as an equity partner or joint venture partner (Natural gas, 2009). B. No own source of gas The organization is not very strong in exploration and production areas and primly depends on the other producers to get the natural gas. For this organization, the biggest source of natural gas sourcing is another largest public sector entity of India. But the oil and natural gas fields of that entity is drying up gradually and in near future, it can create problem for our PSU to get natural gas for marketing and it will dry up the revenue. 7. Third party Issues: The organization is facing many issues with government and other public and private organization of oil and gas sector. Some of these issues are enlightened below. 7.1 Legal battle: The organization is facing many legal battles with customers and producers of the natural gas regarding the price of natural gas. The major battle is with a leading private sector organization of India regarding the price of natural gas. Our chosen public sector organization has entered in a long term contracts with the private producer to supply gas at $2.32/ MMBTU but later the private company charged $4.2/ MMBTU as per the new policy of the ministry of petroleum and natural gas. Now the case is under the supervision of honourable Supreme Court of India. 7.2 Disinvestment: As per their long term strategy, Indian government is planning to disinvest all the profit making public sector undertakings so that they can contribute more to the development of nations. The additional money can be use for funding other infrastructure projects undertaken by the government. 8. Strategic Issue: One of the key strategic issues that our chosen organization is facing since last few years is the sourcing of natural gas in India. The demand of natural gas is increasing in India day by day and there is a huge demand supply mismatch in India. Securing gas supply is always a problem for most of the nations and India is also facing that. There are two alternatives to bridge this natural gas demand supply gap in India Increase the domestic production of India or import natural gas from producing countries like Russia, Middle East, and Africa etc. Here I am trying to analyse both the alternatives and the response of the management to deal with this situation. 9. Global Natural gas Industry: The analysis of global natural gas industry can be done in two dimensions the supply side economics and the consumption. From supply point of view, proven natural gas reserve in world is around 185.2 trillion cubic metres (TCM) as per the BP statistical review published in 2009. Out of this, more than 75% of the total proven reserves are found in Middle East and Eurasia. In 2009, the total production of natural gas across the world was 3065.6 billion cubic metres. The world production was led by Russia Federation with estimated production of 602 billion cubic meters followed by United States with 582 billion cubic meters and Canada with 175 billion cubic meters. Among Middle East countries, Iran was the highest producer of natural gas with a production of 116 billion cubic meters. Being an efficient and clean fuel compared to other fossil fuels, demand for the natural gas is surging. The comparative comparison of natural gas with other fossil fuel is given bellow. Fixed Cost (cents/kWh) Variable Cost (cents/kWh) Total Cost (cents/kWh) Coal 4.1 3.3 7.4 Natural gas 2.8 7.8 10.6 Nuclear 8 0.8 8.8 Wind 8.2 0 8.2 Table 2: Power Generation Costs for Various Energy Sources in 2008 (Montana Environmental Information Center, 2010) Energy return on Energy Invested Coal-fired power plant 2.5 Nuclear power 4.5 Hydroelectric power 10 Wind power 35 Natural gas 10.3 Table 3: Energy Return by Source in 2008 (Suzlon FY 07-08 Annual Report, 2008) From consumption point of view, Total global consumption of natural gas in 2008 was anticipated to be 3018.7 billion cubic metres (BCM). The major consuming countries of natural gas are United Stated with a annual consumption of 657 billion cubic meters (BCM) followed by Russian Federation with 420 billion cubic meters (BCM), Iran with 117 billion cubic meters (BCM)and Canada with billion cubic meters (BCM) (BP Statistical review, 2009). If we analyse industry wise, the industrial sector consumes the highest amount of natural gas followed by power sector. As per the data released by Energy Information Administration in 2009, the industrial consumption of natural gas going to increase many folds and is expected to be around 40% of total global consumption by 2030 (EIA, 2009). 10. Natural gas Sector scenario of India: Indias total proven natural gas reserves was about 1.08 Trillion Cubic Metres (TCM). The total gas production in the country was about 31.8 Billion cubic metres (BCM) (Natural gas, 2009). Major part of the natural gas production in India comes from the western cost and the Bombay High region. Other major natural gas producing areas in the countries are Assam, Gujarat and Andhra Pradesh. Domestic production is not enough for meeting the demand. So India imports natural gas in the form of Liquid Natural Gas (LNG) from Middle East countries. From the demand side, power and fertilizer are the two most demanding sector and this two together completes almost 70% of the total natural gas consumption of India. The sector wise consumption of natural gas is given below.If we see the primary energy consumption data of India and compare it with the world average, then we can see that there is huge scope in the natural gas sector. In India, natural gas constitutes 9% of the primary energy ba sket where as 24% of the total world primary energy basket is filled by natural gas 11. Managerial Response of the organization: To counter the increasing competition and to accelerate the growth, the top management of the organization has developed a long term strategy which addressed the future need and growth of the organization in India and abroad. This strategy is also going to deal with the strategic issue of sourcing that we have mention earlier. The strategy of our chosen organization focused on the four areas. Protect Natural Gas Business Natural Gas Trading Natural Gas Transmission Upstream integration (Organic Inorganic Growth) Downstream integration (Organic Inorganic Growth) Global diversification across value chain Core strength of our chosen organization is natural gas transmission and marketing. Around 70% of the total revenue comes from this two business segment. But the competition is increasing in these two segments after the changes in the law. The latest regulation in the oil and gas sector has given the exclusive marketing right to the producer of natural gas in India. As the producer started to market their own natural gas production, the marketing share of our organization started to erode. So the first priority of the organization is to protect its prime revenue source. The management is planning to lay new gas and LPG pipelines and create a nationwide natural gas networks for distribution of natural gas efficiently. It is also looking to tie up with the producers to transport and market their gas. The second strategic decision of the organization is to go for upstream integration. Apart from organic growth, it may go for inorganic integration for securing a quick growth. For in organic growth, it is looking for merger and acquisition with similar kind of organization in both India and abroad. Right now it has a few subsidiaries and joint ventures in countries like Egypt, China and Singapore. The prime motive behind the upstream organization is to secure the source of gas for transportation and marketing. Right now the organization has 24 EP blocks in India including 3 CBM blocks and 3 EP blocks aboard. Management is looking for participate in the bidding process of more and more EP blocks to secure more natural gas. In downstream integration, the organization is looking for businesses like power, fertilizer and petrochemicals to get more revenue. Currently the organization has small presence in the power sector of India through a joint venture of Gujarat. The case is identical in fertilizer sector where it has tied up with one of the leading fertilizer company of India to produce fertilizer using natural gas as a raw material. In petrochemical business, the organization is already one of the top players with a 410 thousand tones capacity petrochemical plant. Petrochemical business contributes to 38% of the total profit of the organization. As the penetration of petrochemical products in low in India compared to world average and there is a huge demand supply gap, our organization is expecting to get a large share of its revenue and profit from this segment. Under the global diversification strategy across the value chain, the organization is looking for EP participation in aboard countries to secure more gas. It is also looking for both equity and joint venture participation aboard specially countries of Middle East and Africa to set up petrochemical plants and import the final product to India for marketing. The organization is also trying to leverage its core strength of gas transportation business and planning to develop the gas infrastructure networks in African countries like Algeria, Nigeria etc. 12. Conclusion: From the above discussion, this is evident that the public sector undertaking is facing a lot of challenges due to the dynamic nature of the oil and gas industry and the price fluctuation of the natural gas and petrochemical products. Though the long term strategy, the management of the organization is trying to address both short and long term need of the organization. In short term, the priority for the organization is to get the required amount of natural gas to bridge the gap between demand and supply so that the economic growth of the country doesnt hamper. In long term, it is vital for the organization to get secured source for natural gas. In India natural gas is very demand for traditionally being driven by power and fertilizer sector as well as with city gas distribution and industrial sector emerging as very developed and growing market for used of natural gas. The value of natural gas is exchange of hydrocarbon in the energy policy in India and pushing it to centre of the all stack holder in the value chain. 13. Recommendation: Management of the organization should look for tie ups with producers suppliers for marketing transmission of natural gas on long term and sustainable basis. This can be done in two stages. Securing more gas from new gas finds by entering strategic partnerships with the producers or enhancing the EP division by investing more. Early finalization of contracts with customers suppliers for secure revenue Management of the organization should expand pipeline infrastructure by laying new pipelines as well as upgrading existing ones to cater the need of the producer and customer. If the producer founds the pipelines in their door steps, they are bound to use them rather than laying their own pipelines. Management should roll out city gas/CNG in more cities (target 230 cities) and 5 corridors in a phased manner to increase the industrial, transportation and domestic consumption. Petrochemical business is one of the most profit generating areas for this organization and management should look for expanding the existing Petrochemical capacity and also explore green field participation in new ventures in India abroad. It can look for the For Globalization, management should focus on areas having synergy with existing businesses by entering into new and emerging gas rich countries with focus on sourcing of gas and participation in downstream activities. Examples of such businesses are power and fertilizer. Develop EP as a self-sustainable business by investing heavily and having strategic partnership with the oil and gas exploration giants to have equity or joint venture partnership It should also look for new areas of production of natural gas like shale gas and gas hydrates by having tie ups with research institutions and similar minded organizations. 14. References: BP Statistical Review 2009, Statistical Review of World Energy 2009,Available https://www.bp.com/productlanding.do?categoryId=6929contentId=7044622Last accessed 21 April 2010. Energy Information Administration. (2009). International Energy Outlook.Available: https://www.eia.gov/outlooks/ieo/index.php.(Last accessed 21 April 2010.) Natural gas and the environment. (2010). Natural Gas Org..Available: https://www.naturalgas.org/environment/naturalgas.asp#greenhouse/.(Last accessed 21 April 2010. ) Natural Gas. (2009). Ministry of petroleum and natural gas.Available: https://petroleum.nic.in/ng.htm.(Last accessed 21 April 2010.) First Solar Corporate Overview. 2010. First Solar.Available:https://phx.corporateir.net/External.File?item=UGFyZW50SUQ9MzYzMzd8Q2hpbGRJRD0tMXxUeXBlPTM=t=1(Last accessed 21 April 2010.) Natural Gas Vehicles statistics. (2010). International Association for Natural Gas Vehicles.Available: https://www.iangv.org/tools-resources/statistics.html(Last accessed 21 April 2010.) Montana Environmental Information Centre. (2010). Global warming.Available: https://meic.org/energy/global_warming_pollution/blm-greenhouse- gas-settlement.(Last accessed 21 April 2010.) Suzlon FY 07-08 Annual Report, Management Discussion and Analysis. p. 5.Available: https://www.suzlon.com/Publication.aspx?cp=3_1

Essay on Bureaucracy - 416 Words

Bureaucracy The word â€Å"bureaucracy† has a negative connotation to many people. The fact is that our current system of government would not be able to survive without bureaucracies. The bureaucracy has become the â€Å"fourth branch† of the government, it has quasi-legislative and judicial powers and in it’s own field its authority is rarely challenged. The presence of these large, inefficient structures is necessary if the American people want to continue receiving the benefits that they expect. Bureaucracies are technically encompassed under the executive branch of government. The executive branch, however, does not have control over a lot of the things that the agencies do. Congress tries to control agencies by influencing the†¦show more content†¦The president appoints people to head agencies; these people are loyal and have the same ideology as the president. The president can also issue executive orders or simply his word is enough to put an agency into action. The OMB is also under the president so he too can control the amount of money that agencies receive. The president can also reorganize an agency if he chooses. This spread of power is the same way that the founders intended, with the system of checks and balances. The bureaucracy is not under direct control of any branch and it has regulatory and judicial powers that are quasi or semi, these things combined make it safe to assume that the federal bureaucracy is indeed a â€Å"fourth branch.† The American people have come to expect that the government should take care of them. They expect the government to provide social security, regulation of food and medicines, protect consumers, and a whole bunch of other concerns and interests. The government can not provide these things without bureaucracies. People tend to consider bureaucracies as huge overgrown parts of the government, but this is rarely the case with most bureaucracies short on necessary training, funding, supplies and equipment – to carry out the huge task of serving the American people. The government is providing the most it can for Americans with the least amount of spending. The people govern in a democratic government, and if theShow MoreRelatedBureaucracy : Bureaucracy And Bureaucracy Essay1320 Words   |  6 PagesBureaucracy role in everyday business People working together in compatible ways by defining everyone’s roles within a hierarchy organizations is a definition of bureaucracy. In examination of bureaucracy the author will find the definition, the advantages and disadvantages and will use the Police Departments in America as an example of bureaucracy and will display its characteristics of bureaucracy. It can be argued that there’s more disadvantages then advantage to using bureaucracy. 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Ideas to Reduce Corruption Free Essays

To reduce the level of corruption in our countries, we, as the next generation, must take the lead to make our desire of change public to each government. At the same time community leaders must be used to spread the idea of a progressive change. As my first step to do so, I will convince my sector leaders to increase education in people, youth and childhood, starting from just a few and going up in the whole country. We will write a custom essay sample on Ideas to Reduce Corruption or any similar topic only for you Order Now After that, work with the example to other countries and make the change visible and desirable.Corruption is such a major problem in our societies. For bad luck we are daily inmerse in cases where we have to face corruption and of course we will do it depending on the circumstances. Sometimes I think that we already live with corruption as a normal standard of living, how sad! Therefore instead of falling into the trap we should in first place think about what we are doing and the repercussions that my acts are going to have in a long term.The first step is to think if there is correct way to do things, maybe it is difficult but our problem is that we feel comfortable and we forget that we can think outside the box. We should start letting our voices out, and let them be heard, and of course even if it sounds as a utopia, the change starts with us and how are we willing to face this new challenges. It? not going to be easy and we are not going to be able to change it in one day, but slowly, with a noble heart, with passion and desire, small actions can do gigantic things. Last but not least in my particular case, if someday I become what I’m wishing for; Ministry of Agriculture of Ecuador from that position at least I will be able to give back a little bit to my community and to the agricultural sector, and I will try my best to do things right for my country.To reduce corruption is not an easy thing, it requires a lot of effort, but the change should begin by getting people to acknowledge that corruption is not something distant, allusive only to politicians or people in power; sadly, corruption is enrooted in the culture of our countries at all levels; it is like cancer that spreads slowly killing ethical and moral values of citizens. I think the only way to stop the vicious circle of corruption is to raise the awareness among people that corruption must not be consid ered a common practice, corruption is a problem and the solution is in the hands of each and every one of us.It is in us the responsibility to say no to corruption, to build a better and fairer society. What I propose is to make a social awareness campaign which encourages people to say no to corruption, starting with simple things, like respecting the lines, not offering or receiving bribes, respecting the traffic police, acting with empathy, etc. ; the idea is that this small wins in the day to day activities of people set in an environment in which the vicious circle of corruption can be broken. This campaign should frame its message in civic pride and the desire for improvement, something like: â€Å"I am Latin American, and I say no to corruption†.This has to be visual; I can imagine employees putting an emblematic sign of the â€Å"I say no† campaign in front of their desks just to let know others they are not willing to make bad businesses, or policemen wearing I say no badges to let know drivers they won’t accept bribes and posters of â€Å"I say no† in court rooms. Of course this campaign should be based on real actions, such as the improvement of laws, severe penalties for corrupt public functionaries, education in schools and colleges of ethics, improvement of public services, among others.Even though such movement can be sponsored by the government, an ONG, the private sector or any group, the most important is that it must get the support of all constituencies and the message must really get to touch the mind and hearts of people to ach ieve the impossible, to be part of something special, and to create an â€Å"I say no† culture. The best way to change Latin America is to supply basic needs in the communities. Until the basic requirements of healthcare, nourishment and safety are met the more complex building blocks that would inoculate the communities from corruption cannot be achieved.To do this we need to raise the wealth and more importantly distribute it fairly. A simple solution is not available, little steps must be taken to improve governmental entities, private sector, education with example and action. Tactics like micro financing can develop the most vulnerable communities and igniting a culture of respect for those well off individuals who do affect those communities in a positive way. Whenever the benefits of taking the corrupt road outweigh the costs of taking it, the propensity of corruption among public institutions will be present in a significant way.Today in Latin America most our countries are left at the mercy of the only effective deterrent for corruption we are able to find: ethics. And as effective as they are, history has proved us that relying on them is not only naive but kind of irresponsible. So in order to get rid of this awful disease, more is needed to generate change. Going back to the first idea, individuals make their decisions considering the costs and benefits of a particular path. So in order to influence such decisions, incentives must be created to increase the benefits or increase the costs.Either way would prove to be an effective way of influencing behavior. Then what we could do is try to increase the costs of corrupt behavior. How can a society do so? By modifying their current institutions, in order to create a set of rules applicable to everyone, and creating enough will power to enforce this rules. People talk a lot of the role of culture in the corruption dilemma. Nevertheless institutions also help to shape culture. In order to change culture we first have to change our institutions. Which institutions to change, and how to change them, goes beyond the scope of the writer’s intention, but an opinion is clearly defined towards changing institutions as a way of eliminating corruption in our countries. First of all we need to act as we talk; we need to really step up and act upon our words on a positive way. Secondly we need to rely on education and values for our society. We need to start positively influencing our inner circle (Family and friends) and start working our way out (Work ad society). Corruption is something that must be change with time.You cannot change it in one week or month, even one year. The Key is culture and institutions and strong competitive market. In order to eliminate corruption you have to prepare the coming generation with new values, habits and thinking so you begin to create an environment of respect for the society.. The second thing is that it is necessary to guarantee and strong State that applies the law, but also an institution that develop new way to be more efficient and respond to a highly demand society.Finally, it is need to create incentive for people, if the people’s needs are not fulfill are not totally fulfill, t is likely to fall in corruption; one way to avoid this is with real competitive market, and if there is a unfair situation, the State has to react. Assuring this three ideas it is more probably you can have a better society in the future generation. To reduce corruption in Central America we all have to do our part. If you get to deal with a corrupt person, always do the following two things; first don’t comply with the corruption. Then speak up. Don’t keep it to yourself. If you keep quiet, the corruption will never stop. Doing these two things, one person at a time, will make this a better region for everybody. How to cite Ideas to Reduce Corruption, Papers

Communication and Negotiation Skill

Question: Discuss about the Communication and Negotiation Skill. Answer: 1. Challenges in communication are faced in every organization. The case study identifies Barry experiencing the same things while managing his job as the food service manager in a casual dining restaurant. The challenges that Barry is facing in the workplace are: Language barriers- As given in the case study, it is seen that most of the employees are not fluent with English as a conversational medium, which makes verbal communication difficult for Barry at some point of time (Bennett 2015). Age barrier- The age of the employees in the restaurant varies from 16 to 55, which is a challenge to Barry. The young generation can understand the texts and the messages that are written in short and their vocabulary is not related to the older employees, which affects the attitudes and the work values (Waisbord 2015). Non-verbal barriers- The appearance of Barry is very clumsy, as he does not care about the cleanliness and the personal appearance, which can be seen from the way he dresses. Cultural barriers- The employees are from different ethnic backgrounds and have difference with the practices in food safety, which needs to be solved by Barry. Emotional barriers- It interferes with communication as Barry is seen emotionally hurt when he comes to work from home. It affects the communication quality with the employees (Bennett 2015). 2. The solutions that Barry needs to consider with the barriers that have been identified are: Language barrier- The solution that Barry might use is that the inclusion of signs that are posted in the language that the employees can understand. The signs need to be put along with visuals and not words in the language of the employees will help to bring back the interest of the employees (Whyte and Sherer 2015). Age barrier- There are four generations of employees in the workplace where each of the generations prefers a method of communication. The younger generation will be attracted to the short messages, while the older employees may find this communication method to be irrelevant. Barry needs to identify the preferences of the employees and communicate with them accordingly (Yong et al. 2016). Non-verbal barrier- Barry needs to improve his appearance and be the role model to his employees. The actions and behavior of Barry needs to be consistent, as he needs to follow the hand washing procedure that he implicated in the workplace. Cultural barrier- Barry needs to identify the cultural backgrounds of the employees, which can then be related to food safety. An example of this would be that the employees might think that food can be served at room temperature to the customers as they come from a country that follows this procedure (Whyte and Sherer 2015). Emotional barrier- Barry needs to check his emotions, which will be useful for effective communication with the employees. Self-awareness and taking assistance from outside may help Barry to control his emotions at the workplace (Yong et al. 2016). 3. SOP is a document that identifies the best practices and acts as a framework for the policy of the organization. It helps in identifying the what, why, how and when of the food services in a restaurant. In this case study, 2 SOPs need to be taken in account. They are: New Employee Orientation SOP- The busy days and the high revenues has made it a challenge for Barry to orient the new employees that are hired in the workplace. The SOP that has been developed for this is that the employees need to meet the manager so that they can be trained about the health and safety procedures. The employees can ask questions about the procedures if they have any doubts. The manager in turn needs to allocate at least 30 minutes for the orientation program and thank the employees for participating in the program (Yesiltas et al. 2014). Personal Hygiene and Employee Health SOP- This is important because Barry lacks the personal hygiene standards set by him in the restaurant. He needs to act as the motivator by maintaining a clean and unwrinkled clothes and clean hands. The procedure would be that the employees need to arrive at the workplace neatly by maintaining a clean hair followed by a proper bath. They need to wash hands before entering the place to work, in the restroom and after smoking, drinking and eating. They need to wear disposable gloves before every task is performed. The hands need to be washed in the sinks and the dry them with single use towels so that it is not contaminated (Dave and Suryadevara 2016). 4. Barry needs to implement different ways to use effective communication so that the employees in the workplace can get motivated. Some of them are: The employees need to be encouraged and should be provided with sincere words in handling the safety behaviors with respect to food hygiene. The method of communication needs to be appropriate so that the employees can understand the message that the supervisor wants to convey. For the young employees a simple thank you message will suffice but the old employees may want something more than a thank you message. Barry needs to act as a role model to his employees through the verbal and non-verbal methods of communication. He can convey through his actions, some messages to the employees. An instance in this case would be to wear clean uniforms so that the other employees may follow that procedure. References Bennett, W.L., 2015. Changing societies, changing media systems: Challenges for communication theory, research and education. InCan the Media Serve Democracy?(pp. 151-163). Palgrave Macmillan UK. Dave, S. and Suryadevara, V., 2016. Implementation of lean Six Sigma in restaurant business. Waisbord, S., 2015. Three challenges for communication and global social change.Communication Theory,25(2), pp.144-165. Whyte, J. and Sherer, M., 2015. Overcoming the challenges of accurately assessing consciousness and communication in the context of pain assessment.Assessing Pain and Communication in Disorders of Consciousness, p.60. Yesiltas, M., Zorlu, O., Sop, S.A. and Beydilli, E.T., 2014. The Effects of Service Quality on Customers' Tipping Behavior.International Journal of Academic Research in Business and Social Sciences,4(8), p.430. Yong, R.F., Girotti, N., Hor, W.K. and Ng, C.C., Motorola Solutions, Inc., 2016.Communication device. U.S. Patent D754,089.