...Introduction Five-year plans are financed through the development, or capital budget, which was separate from the government's revenue, or administrative, budget. After the independence of Bangladesh, it was widely believed that once reconstruction tasks were over, the domestic economy would provide most of the resources needed for development. This view was mistaken because systematic drainage of Bangladesh’s resources during the British and Pakistani colonial regimes, which had left it with a deficit in food grain availability. Low levels of internal savings and a high population living below poverty line were evident: what in other words could be called a state of chronic external dependence. The country has followed the course of planned development since 1973. In a medium term framework, the First Five Year Plan was launched in July 1973. This was followed by a Two Year Plan (1978-80) in the background of world-wide inflation and uncertainties. In 1980, the five year plan framework was reinstated and since then three five year plans were implemented in succession. There was no development plan during 1995-97 after the expiry of the Fourth Plan (1990-95). Every plan targeted at an average annual GDP growth rate of above 5 per cent but achieved about 4 per cent. In spite of large inflow of foreign assistance to augment meager domestic resources, the planned effort for development has not been able to free the economy from the low growth trap. Almost half of the population...
Words: 17152 - Pages: 69
...Five Year HR Plan 2006-2011 Planning Committee: Five Year Plan Introduction SMC Company is becoming a leader in manufacturing ergonomic office equipment. The company is located in a small mid-western town of 30,000 people with a local labor market population of approximately 40% minority. SMC has been successful in diversifying its labor force; two-years ago the racial demographic makeup of the company was 90% white, now SMC has a bilingual workforce. SMC is faced with the challenge of remaining competitive in the local labor market where unemployment rate is lower than 2.2%. Over the past two years SMC have experiences many changes such as a shrinking local labor market, rising labor cost, bilingual workforce, accident rate increase of 50%, and SMC’s CEO is terminally ill. Furthermore, demand for SMC’s product continued to increase and the company has experienced unsuccessful labor organizing activities. The plan will address all aspects of what SMC needs to do in the next five years, with the emphasis on five major areas: staffing, employee development and training, compensation and benefits, employee relations, and safety and health. Ongoing issues of technological advances and diversity and demographics are also addressed. Staffing In an ongoing effort to address many of the challenges associated with staffing, the leaders at SMC identified a plan to utilize the “Strategic HRM” competency approach. Utilizing this approach allows the organization...
Words: 3693 - Pages: 15
...Bennie Mclaughlin my 5 year plan ap 165 How often do we sit down and ask ourselves, “what will I be doing in 5 years”? For me I had to sit down and really think about where I see myself going in this field because there are a ton of possibilities. I could just get a simple job, work from home, go to client’s houses, and go back to school. In 5 years I see myself doing all of those things but ultimately starting my own business in massage therapy. After I complete the program I want to look for employment as soon as possible. Of course to make ends meat for home, but mostly to gain even more experience in my profession. Only thru hands on experiences from different people will I truly get the feel for what im doing. I wouldn’t mind giving special massages to pregnant women, who i know deal with a lot of uncomfortable and painful situations due to the baby growing and making constant changes to their body. Knowing I can ease some of the tension they are feeling would be a good feeling for me and I’m pretty sure they would appreciate it as well. Having a baby is a big responsibility and if I could make that experience less painful and or help with a medical situation I would consider that a big step forward in my goal. Also helping military is another job I would look for in my massage therapy profession. These people lay there life on the line for our country and some go overseas and come back sore, drained and some injured. I would love to help ease there mind if possible...
Words: 550 - Pages: 3
...CASE STUDY Third-party motor insurance: Your premiums may see only modest hike By Preeti Kulkarni, ET Bureau | 20 Mar, 2015, 11.47AM IST MUMBAI: The insurance regulator has invited responses to a proposal to increase the third-party motor insurance premium by 14% to 108%. However, industry observers believe that the hike will not be so steep. "Like last year, the hike will be moderated. It may not go beyond 20%," said a senior executive[->0] of a private general insurance company. In February 2014, the Insurance Regulatory and Development Authority of India (IRDAI) had proposed an increase of 25-136% and 0.96-45% for private cars and twowheelers, respectively. However, the final hike was only around 20%. Third-party motor insurance is mandatory and protects the owner of the vehicle against any compensation sought by the victim of a road accident caused by the vehicle.There is no cap on the compensation that a victim can claim in case of an accident. But there is a cap on the third-party premium. Insurers want this cap removed so that they can charge according to the risk they undertake. "The regulator and insurers understand that they need to make a pitch for higher rates to get what they actually aim for. That is the reason why the proposed hike looks steep. It will be significantly watered down when the final rates are announced, " said a Mumbai-based insurance broker[->1]. Moreover, third-party component accounts for a small portion (10-20%) of your comprehensive...
Words: 2928 - Pages: 12
...Integrity Glove™ Plan December 10, 2014 Russ Sumpter Table of Contents I. Executive Summary 3 Description of Business 3 Mission Statement 3 The Product 3 Market Analysis 3 Future Projections 4 Financial Overview 4 II. Market Analysis Summary 4 Industry Analysis 5 Market Trends 6 Barriers to Entry 6 Changing Forces 6 Customer Analysis 7 Competitor Analysis 7 Critical Success Factors 8 III. Business Implementation and Evaluation 8 Implementation Plan 9 Evaluation 9 I. Executive Summary Description of Business Increasing demand for accurate score keeping coupled with advances in golfing technologies and the ever expanding locations of golf courses have dramatically altered the golfing world by making golf courses more accessible and have leveled the playing field between novice and experienced golfers. However, unlike times past when scores were tallied based on personal integrity, there is now a way to keep a golfer honest about their score keeping. . This will be accomplished by partnering with local golf courses to promote this new technology during the initial roll out phase of the Integrity Glove (IG). The company will provide a select few North Texas golfers with an opportunity to try out the latest innovation in golf scoring equipment at their preferred course. Innovations that improve the accuracy of scoring will enhance the competition and enjoyment of the game for all parties involved. Scoring has traditionally been a function...
Words: 2998 - Pages: 12
...My Five Year Career Strategy In choosing a future profession you need to rely primarily on your own opinion. Yes, it happens, that there is a pressure from various quarters, such as stereotypes of society or the opinions of others. Often even parents are trying to bring to their children unfulfilled dreams: "I have not became a doctor, although it was dream of my life, so will let my daughter be a doctor." And it does not take into account the individual characteristics of the child. Either the parents do not agree with the choice of their child and begin to dissuade him in all possible ways. But you should not bury your dreams only because of this. In this regard, I am very lucky; my parents strongly support me, encourage my ideas and help bring them to life. So we did not have a long dispute about who I have to become in life. My career plan is to receive a top-quality modern management education, gain two years of international work experience and exposure the latest business practices and then implement these practices on the familiar Russian market through working in Global company. As one of the most rapidly developing countries in the world and the newest member of the WTO, Russia is becoming more integrated into the international community than ever before. However, the country lacks qualified employees and many companies need drastic modernizing and restructuring in order to compete globally. In other words, my career plan started a year ago when I decided to...
Words: 525 - Pages: 3
...How far do you agree that Stalin’s five year plans (1929-1941) improved the Russian economy? I strongly agree with the view that Stalin’s five year plans improved the Russian economy because of the significant growth in the Russian economy between this times in which the economy was growing at 14% a year. Stalin’s 5 year plans did improve the economy due to heavy industry increased the production of steel. Iron and coal, also by the end of the 5 year plans Stalin’s successfully increased production of vital things such as grain and wheat, the plans also geared and prepared Russia for war. However along with the many pros of the 5 year plans also came some cons, for example many people died within the duration of the plans up to 20 million people died because of his harsh policies during the course of these plans. The first five year plan started in 1929 the aim of this plan was to increase heavy industry all throughout Russia because Stalin believed as quoted that “we are 50 to 100 years behind the advanced countries, either we make this distance in 10 years or we be crushed” so following this his plan was to increase output of raw materials such as steel, iron and grain. To make sure this rapid industrialisation was to happen, Gosplan the supervised committee which controlled the various aspects of the USSR planned economy then employed 500,00 bureaucrats to set targets for every workshop, factory mill and mine, these target set were to unrealistic so because of the unrealistic...
Words: 1233 - Pages: 5
...How successful were Stalin's economic policies? Stalin introduced the Five Year Plans and collectivisation as his economic policies to improve Russia's industrial backwardness. Collectivisation consisted of state controlled farms, as 90% of the produce would go to the state. The peasants would join their small individual plots to form communal farms, leading to larger amounts of food. The five year plans were aimed at industrial improvements in agriculture and factories. In purely economic terms, his policies were a success they provided a number of solutions to problems like the state's inability to afford to pay high prices for grain. The Five Year Plans built vast factories in places like Stalingrad, Leningrad and other cities across Russia. These improved the production output a lot with coal production jumping from 35.4 million tonnes in the 1927-1928 years to 128 million tonnes in 1937. Hydro-electric dams, canals, railways and other infrastructural projects took place, aiming to modernise Russia. This also helped Russia catch up with countries like Britain, USA and and Germany. As Stalin had warned in February 1931 "We are 50-100 years behind the advanced countries. We must make good this lag in ten years. If we don't do it, they'll crush us!". Other than act as propaganda for the Communists by suggesting they could be crushed by foreigners it shows that Stalin's polices were a success in industry terms. Russian life had drastically changed from living in wood...
Words: 714 - Pages: 3
...How accurate is it to say that Lend Lease programme was the most important reason Russia’s victory in the Second World War? It can be argued that the main reason for Russia’s victory in the second war was due to the Lend lease programme as it provided Russia with mass amounts of equipment, food and transportation which therefore gave the soldiers energy and motivation to carry on in the gruelling war. However there are other significant factors which were crucial elements in Russia’s victory including the 5 year plan where Stalin tried to industrialise and also prepare Russia for war and Germany’s mistakes that helped Russia, above all doubts, win the war. Undoubtedly, lend lease was a crucial element towards Russia’s victory in the Second World War. A main example of this is the importance ‘SPAM’ had in the survival of the soldiers. By 1943, approximately 17 percent of the calorie intake was supplied by the Americans and by the end of the war it is estimated that 12 million soldiers received about 200 grams of US food every day. Without this essential intake, not only would the soldiers not have enough energy to fight efficiently, but also many would not be able to survive on the small balance that Russia provided. As much as lend lease is overlooked in Russia’s victory, the fact that over 1900 out of the 2000 trains used by the Russians were provided by Americans presents the mass amount that they supplied for Russia. Trains are essential in war, firstly for transport of...
Words: 1028 - Pages: 5
...How successful were the Five- Year Plans in transforming Russian industry in the years to 1941? Stalin made three five-year plans spanning from 1928 to 1941. He had very different aims for each of the plans and had some very optimistic targets for the achievements of these plans. An overriding theme of each of the plans was industry. Stalin wanted to restore Russia’s hold on industry and make it a great trading power once again. The five year plans were very successful in helping building up the Russian industry. They did this through many ways, each contributing in a different manner. The production of raw materials increased dramatically thought eh five-year plans and industry on a whole became a lot more efficient. This can be seen through statistics that show the production in tonnes. Such materials as; coal, iron and steel, all rose in production quite dramatically. Iron rose from 4.2 million tonnes to 6.2 million tonnes, coal from 29.1 million tonnes to 64.3 million tonnes and steel from 4.0 million tonnes to 5.9 million tonnes. These were huge increases at that time. For an country that was struggling as much as Russia was at that time, it was an achievement. Stalin had many initiatives to achieve a better industry. He put in place a reward scheme for workers if they helped reach the targets that were set. Workers were encouraged to work for these rewards. This strategy worked wonders as it increased the turn around in the factories as the workers were all working...
Words: 1640 - Pages: 7
...BACKGROUND………………………………………………………………… 4 3.0 SITUATIONAL ANALYSIS………………………………………………………………….. 5 3.1 SWOT Analysis………………………………………………………………………. 5 3.1.1 Strengths……………………………………………………………………. 5 3.1.2 Weaknesses…………………………………………………………………. 5 3.1.3 Opportunities………………………………………………………………... 6 3.1.4 Threats………………………………………………………………………. 6 3.2 Industry Analysis…………………………………………………………………….. 6 3.3 Competitor Analysis………………………………………………………………….. 6 3.4 Company Analysis……………………………………………………………………. 7 3.5 Customer Analysis……………………………………………………………………. 8 4.0 STRATEGIC FOCUS AND PLAN……………………………………………………………. 9 4.1 Mission……………………………………………………………………………….. 9 4.2 Goals………………………………………………………………………………….. 9 5.0 PRODUCT-MARKET FOCUS………………………………………………………………... 10 5.1 Marketing and Product Objectives……………………………………………………. 10 5.1.1 Target Market……………………………………………………………….. 10 5.1.2 Customer Value Propositions……………………………………………….. 10 5.1.3 Points of Difference…………………………………………………………. 11 6.0 Marketing Program……………………………………………………………………………… 12 6.1 Product Strategy………………………………………………………………………. 12 6.2 Price Strategy………………………………………………………………………….. 14 6.3 Promotion Strategy……………………………………………………………………. 14 6.4 Distribution Strategy………………………………………………………………….. 16 7.0 FINANCIAL DATA AND PROJECTION……………………………………………………… 18 7.1 Past Sales Revenue…………………………………………………………………….. 18 7.2 Five-years Sales Projection……………………………………………………………. 19 8.0 IMPLEMENTATION PLAN…………………………………………………………………… 21 9.0 EVALUATION AND CONTROL………………………………………………………………...
Words: 5352 - Pages: 22
...vary from plan to plan, depending on the immediate problems faced by the economy, the process of planning is inspired by certain long term objectives. In case of our Five Year plans, the long-term objectives are: (i) A high rate of growth with a view to improvement in standard of living. (ii) Economic self-reliance; (iii) Social justice and (iv) Modernization of the economy (v) Economic stability (i) High Rate of Growth All the Indian Five Year Plans have given primary importance to higher growth of real national income. During the British rule, Indian economy was stagnant and the people were living in a state of abject poverty. The Britishers exploited the economy both through foreign trade and colonial administration. While the European industries flourished, the Indian economy was caught in a vicious circle of poverty. The pervasive poverty and misery were the most important problem that has to be tackled through Five Year Plan. During the first three decades of planning, the rate of economic growth was not so encouraging in our economy Till 1980, the average annual growth rate of Gross Domestic Product was 3.73 percent against the average annual growth rate of population at 2.5 percent. Hence the per-capita income grew only around 1 percent. But from the 6th plan onwards, there has been considerable change in the Indian economy. In the Sixth, Seventh and Eight plan the growth rate was 5.4 percent, 5.8 percent and 6.8 percent respectively. The Ninth Plan, started in...
Words: 1109 - Pages: 5
...Power crash in india The investment opportunities in the Indian power sector are immense. The power ministry has set a target for adding 76,000 MW of electricity capacity in the 12th Plan (2012-17) and 93,000 MW in the 13th Five-Year Plan (2017-2022). As per the funding requirement of the 12th five year plan, a capital requirement of Rs. 13, 72, 580 crores is estimated to arise. The main sources of financing are commercial banks, public financial institutions, dedicated infrastructure/power finance institutions, insurance companies, overseas markets, bilateral/multilateral credit, bond markets and equity markets. The power sector was one of the first sectors to be opened up to private investment in the 1990s. Today it is the sixth largest attracter of Foreign Direct Investment (FDI) with upto 100 per cent FDI being allowed under automatic routes for projects of electricity generation, transmission, distribution and power trading. Along with this there are several government initiated policies to promote and garner investments in the power sector. For eg. The National Electricity Policy which aims at power for all and annual per capita consumption of electricity to rise by end of 2012. However, even today the country is faced with major challenges in the form of a persistent demand supply gap of approximately 9% and culmination of the same has come in the form of two massive power grid failures in the month of July. India suffered from the biggest power outage...
Words: 387 - Pages: 2
...a range of health communication strategies based on a mass media. Social marketing uses marketing methods and places like clinics to get their messages across. Social marketing targets a large group of people, by spreading their messages around and not just keeping them local. Social marketing aim at a certain target audience and they do all their research and campaigns around them. However they try to get as many people to look and understand their messages. Although they don’t just use a communication approach. Their main approach is to change peoples behaviour. This approach can last for a long time and some last for years the change for life campaign has got a 3 year plan based on this approach. Change for life is a campaign based in England to stop obesity and help people change their diets to eat healthier. This campaign is using a three year plan that is based on the social marketing approach. (Example Change4Life) Medical Approach The medical approach focuses on activity which aims to reduce morbidity and premature mortality. This is targeted towards whole populations of high risk groups. Their aim is to increase medical interventions which will prevent ill health and premature death. The medical approach is popular because, it can help find prevention and early detection of disease this means problems can be cured and sorted a lot sooner. This will save some people a lot of money because they won’t have to pay for expensive treatment if their disease should...
Words: 665 - Pages: 3
...Jake Cowley L6 IB History Assess the successes and failures of Stalin’s Economic Policy After Stalin had become the sole leader of the Soviet Union in 1929, he saw the need to introduce two new major economic policies, collectivization, and a series of five year plans. Both of these new economic plans were designed to boost Russia’s agriculture and industrialization within a short period of time, to catch up with the world leading powers, which were essentially Britain and the United States at the time. Stalin strongly believed that it was necessary to go to any lengths, which would soon include killing off thousands of peasants, to reverse the backwards economy of the time, to eventually overtake that of other countries. As the economy of Russia at the time, was in quite a terrible state. He believed he could do this by heavily focusing on agriculture and industry, to prepare Russia for a new age. Stalin’s new economic policies would soon prove to be a mix of successes and failures for both the economy and the people of Russia, each to different extents. Stalin’s first economic policy of the 1930’s was collectivization. This was the joining of private plots which had been previously divided amongst the peasants by the Tsar, in order to increase the amount of output production altogether. Although this might have seemed like a good idea to Stalin at the time, this economic policy proved to have more failures than successes. The collectivization of grain meant that...
Words: 1271 - Pages: 6
