...Research proposal of Project report on “Wealth management” Company: Ing Vysya bank ltd. * Objectives of Research 1. To study banking products and services 2. To study Wealth Management of ING Vysya Bank Ltd. 3. To propose different products for different kinds of customers as per their demographic characteristics. 4. To prepare a risk profile of customers. 5. To participate in promotional activities organise by bank. 6. To analyze whether Indian economic development is creating a broad and competitive wealth management market in India. 7. To discuss the factors that have acted as facilitators and obstructions for the growth of wealth management market in India. 8. From the above three objectives, to derive the potentiality and the future prospect of the wealth management industry in India. * Research Design During the tenure of the internship we are going to use Descriptive type of research design. Descriptive Research, also known as statistical research, describes data and characteristics about the population or phenomenon being studied. Descriptive research answers the questions who, what, where, and how…. Descriptive Research deals with everything that can be counted and studied. The description is used for frequencies, averages and other statistical calculations. Often the best approach, prior to write descriptive research, is to conduct a survey investigation. 1. What: I am going to meet existing customer...
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...Logan Bricketto Rodemann Econ Tuesday and Thursday 2nd 12 Febuary 2012 The Catch Up During the month of September italys government sold a slug of five year old paper at one of its usual bond auctions. there was hardly enough demand for the bonds to meet supply even we a steep interest rate. contrast that with the sale in august of 20 billion yuans, which is 20 billion in us dollars, of paper by China in hong Kong;s fledgling offshore market. the yield was miserly yet there were bonds for sale. This tale of two bonds auctions is a parable for the contrasting fortunes of near stagnant rich economies and fast growing emerging markets. twenty of the 82 econmics covered in the back pages of the Economist grew by 3% or more in the year to the latest quarter. only two, of these, Austria and Sweden, are from the traditional group of rich ones, such as Taiwan and Hong Kong. The IMF's the latest forecast is that emerging economies will grow by more than 6% in 2011 and 2012. But growth in the rich world is likely to be below 2%. The other half lives is the rotters economic news over that summer and depending euro-zones mess mean it is easy to forget that countries that now account for half the worlds output and most of its population are doing rather well. that is the focus of my special report on the world economy. But it is equally easy and unwise to think that cupid and trouble-free growth in the emerging economics is assured for years to...
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...BRIC is an acronym standing for Brazil, Russia, India and China. Although can be categorized by importance of countries, it would be CIRB which is China, India, Russia and Brazil. The BRIC are both the fastest growing and largest emerging markets economies. These four countries encompass more than quarter of the world’s land area and in 2009 accounted for more than 40% of world’s population, 40% of the world’s foreign exchange reserves and 25% of world’s GDP. The states, which were earlier, accepted to consider as developing countries of Third world, promptly become economic giants of the new world. BRIC: Brazil, Russia, India and China – four markets everyone with the unique features, but thus unites them the potential generated by changes in political systems of these countries. As a result of these changes there was a consumer demand, which is formed by 43% of the population of the whole world. In roughly developing countries of BRIC there are five of the ten largest cities of planet where concentrated the huge amount of capital and millions of consumers who are aspiring up on social and economic ladder. The term BRIC was included into a business lexicon in 2003 after the economist of Goldman Sachs investment bank Jim O'Neill described future economic picture of the world. In his opinion, by 2050 the economic capacity of these four countries will allow them to become dominating economies, and to surpass in scales not only economy of the USA, but also economy of all of the...
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...Assignment on “Meet the BRIC” Case Study | ITB 301Section: 3Spring 2012Submitted to:Salma AkterLecturerDepartment of Business Administration.East West University, Dhaka.Submitted byArafat Rauf2009-2-10-345Date of Submission: 28th March 2012 | Letter of Transmittal March 28, 2012 Salma Akter, Senior lecturer East West University Subject: Submission of Assignment on “Meet the BRIC” case study Dear Madam, I have prepared an Assignment on “Meet the BRIC” case study. It was an energizing experience throughout the semester and preparing this assignment further enhanced my insight about International Business. I hope that this report fulfils your requirements and your feedback is very much necessary to overcome my faults and lacking. This will help me in my entire life. It is my pleasure to carry out this assignment under your supervision. I would like to request you to accept my report for further assessment and I will be available to answer any question for clarification. Thank you for your sincere support. Yours sincerely, Arafat Rauf 2009-2-10-345 Table of contents Title | Page number | - BRIC | 4 | Economic growth of BRIC | 7 | Question 1: Map the proposed sequence of the evolution of the economy of the BRIC’s. What indicators might companies monitor to guide their investments and organize their local market operations? | 8 | Question 2: What are the implications of the emergence of the BRICs for careers and companies in your country? | 8...
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...México y los países BRIC El termino BRIC hecho por Goldman Sachs para denominar a economías que en unos años tendrán el poderío de la economía mundial, superando el PIB de las economías que actualmente se encuentran hasta arriba de la lista, fue hecho en base a una serie de características que Brasil, Rusia, India y China que les resultaba favorecedor para continuar creciendo económicamente. Se trata de países con gran extensión territorial y recursos naturales, que poseen de las poblaciones más importantes del mundo y que, además, han atravesado por procesos exitosos de reformas económicas; tienen tasas de crecimiento económico muy altas y han diversificado sus economías. Son, asimismo, potencias regionales. México posee similares características que dichos países, como son la gran extensión territorial y los recursos naturales, alta población, y, a comparación de países del viejo continente, fue hace relativamente poco que comenzó a implementar reformas económicas, políticas y sociales que cambiaron significativamente al país. En el reporte que Goldman Sachs hizo años más tarde, en 2055, concluyó que, tanto México como Corea del Sur poseían características que podrían hacer posible que se agregaran a esta terminología del “BRIC”. Sin embargo, en este reporte las expectativas de crecimiento para México eran mucho mayores de lo que al final se pudieron mostrar años siguientes, decepcionando como país. Una recopilación estadística reciente, basada en información del FMI...
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...The BRICs have developed exceptional growth in the last decade, rivaling the advance economies. The BRICs, coined by Goldman Sachs, consists of four countries: Brazil, Russia, India and China. These four countries are the fastest-growing markets in the world. The intensification of globalization has allowed these four markets to flourish. Even with the latest economic crisis, the BRICs are predicted to recover faster than the advance economies. By 2050, all the BRICs are forecast to past most advance economies. But, there are implications that hinder the BRICs full potential economic growth. There are distinctive factors for each of the BRICs that have helped gain influential economic power over the decades. The most influential and fastest growing market is China. China has been an isolated country both politically and economically in the world. It was not until the 1970s and 80s when China brought about economic reform. The main focus of these reforms was to change the economy away from the agriculture sector to international trade. These reforms allowed for China’s economy to flourish by opening its economy to the world for the purposes of trade and direct foreign investment. Since the liberalization of the economy, China has become the fourth largest economy with a growth rate of 9.5% over 26 years (Forbes). Its gross domestic product in 2009 was about $4.7 trillion (CIA). The second largest economic emerging country is India. India’s economy is controlled and...
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...Gukhwa Ahn 2013475034 October 6, 2013 Emerging India’s bright future Today, I got a speech from very kind and witty ambassador of India, Vishnu Prakash. He asked whether we know story of Kim-Suro to explain how we deeply connected to each other. Following the story of Samguk Yusa, Indian princess Suriratna came to Korea in 48 AD, married King Kim-Suro and became queen Huh Hwang-ok. So that 5 million Koreans trace their ancestry to the royal couple. This story represents that there is deep historical links between Korea and India from long time ago. In the another story, Korea Buddhist monk Hye-cho visited India from 723 to 239 AD and wrote the travelogue, “Pilgrimage to the five kingdoms of India” which shows a vivid explanation of Indian culture, politics and society. Thus, even though two countries are far from each other but there are various connections between the two. The ambassador explained about characteristics of India. First of all, India has many races among its population like the picture of people he showed us. India also is rounded by many countries such as Indonesia, Pakistan and Nepal etc., These facts have affected to India’s cultures and policies. In the last two decades, Asia has been under huge transition in politic, economic as well as social ways. Now, people are predicting that in next 20 years the global centre of economic gravity might shift to Asia, especially East Asia. In this context, combined national wealth of China, Japan, Korea and India as...
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...Case Study 3 LG Electronics: Global strategy in emerging markets Suggested case discussion questions Q1 Explain how LG’s experience within its domestic market (South Korea) influenced how it expanded into the BRIC emerging economies All MNCs are shaped, to some degree, by their domestic markets. In LG’s case, its emergence in Korea during the decades following the Second World War strongly affected its ability to expand into the BRIC economies. The domestic Korean market was highly competitive, which helped hone its ability to enact “come from behind” approaches in other locations as it was used to having to fight its way to the top. The Korean Government placed strong emphasis on R&D within LG’s home economy, which had a double-effect on it. First, the importance of high quality R&D enabling quick and effective localization of products and services was always central to its approach to expanding its presence within the emerging economies – this runs counter to much perceived wisdom that suggests emerging economies do not have infrastructure to support such a policy. Second, it built on its experience of working with governments, which it then displayed most effectively in Brazil. The Korean Government encouraged foreign direct investment which saw LG partner with Hitachi of Japan, again, allowing it to develop valuable partnership experience that would be brought to bear on joint ventures within emerging economies. Lastly, emerging within an economically...
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...T. Kearney’s Global Retail Development Index (GRDI), an annual research project designed to help global retailers prioritize which countries to enter, the population of developing markets increased 11%, while retail sales per capita has almost doubled, retail space has more than tripled and Internet access grew by nearly 500%. Clearly, developing markets hold significant potential for retail growth, but picking which markets are prime for development has been a tough learning experience. Initially many global retailers focused their developing market expansion aspirations on China, which gained acceptance into the World Trade Organization (WTO) in 2001. As the decade unfolded, retailers were drawn to the potential of Southeast Asia, the BRIC nations (Brazil, Russia, India and China) and Eastern European markets like the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Rumania, Slovakia and Slovenia following their joining the European Union (EU) in 2004. But over the 10 years of retail growth tracked by our research, five nations have consistently ranked in the Top 10: China, India, Russia, Vietnam and Chile. Almost everyone understands China’s size and therefore its market potential. More difficult is establishing its true market value, particularly when it comes to the emerging middle class and burgeoning urban population. As many retailers have learned the hard way, the Chinese consumer is unique, and effectively selling to them demands striking exactly the right...
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...Internal Environment The internal capabilities of a company will determine the stage in the value chain. Using the Mckinsey generic value chain, we have the following stages: Technology Development - Product design – Manufacturing – Marketing – Distribution - Service Technology development: This can also be referred to as Research and Development. Vodafone places a lot of importance on this because the company has achieved economies of scale with this. The technology and infrastructure platform is replicated in all the countries of operation , it is known that sharing fixed costs across all countries of operation can contribute to cheaper operations. Setting up a service centre in India is which is central to the group operations also helped in achieving economies of scale. Product Design: Vodafone’s products are technology based and so product design is linked to technology development. The fact that the company designs their products ensures that they determine the functionalities, characteristics, aesthetics and quality. Manufacturing / Distribution: This can be closely linked to Vodafone’s supply chain. Network construction and maintenance is outsourced particularly in emerging markets like China and India. Purchase of equipment, software and handsets are centralized and economies of scale has been achieved through this because the company strikes direct deals with the manufacturers of the various products. Vodafone sits at a pivotal position in the supply...
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... BRIC 2 Economic growth of BRIC 4 Question 1: Map the proposed sequence of the evolution of the economy of the BRICs. What indicators might companies monitor to guide their investments and organize their local market operations? 5 Question 2: What are the implications of the emergence of the BRICs for careers and companies in your country? 5 Question 3: Do you think recency bias has led to overestimating the potential of the BRICs? How would you, as a manager for a company assessing these markets, try to control this bias? 6 Question 4: How might managers interpret the potential for their product in a market that is, in absolute economic terms, large but, on a per capita basis, characterized by a majority of poor to very poor consumers? 6 Question 5: In the event that the BRICs fail to meet projected performance, what would be some of the implications for international business? 6 Question 6: Compare and contrast the merits of GNI per capita versus the idea of purchasing power parity, human development, and green economics as indicators of economic potential in Brazil, Russia, China, and India. 7 Conclusion 8 Reference 9 “BRIC” BRIC is a grouping acronym that refers to the countries of Brazil. Russia. India and China, which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "the BRIC countries" or "the BRIC economies" or alternatively as the "Big Four" BRICS is an...
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...Summary Technology has provided companies the opportunity to expand into areas of the world that were nearly inaccessible several decades ago. These markets have seen an increase in goods sold to them, more of their natural resources being purchased from them, and more employment opportunities at multi-national firms. These emerging markets are usually categorized as countries with low–to-middle per capita income and often considered the world’s fastest growing economies. Countries in Asia, Latin America, Africa and Eastern Europe are seeing a growth in local business activities as well as international business activities, both of which are stemming from multinational firms primarly located in North America or Europe. Understanding the best ways to work with individuals from these emerging markets can be valuable during negotiations. There are five cultural factors that most often affect negotiations among cultures: 1. use of time; 2. individualism versus collectivism; 3. role orderliness and conformity 4. patterns of communication; (Acuff, 2008) and 5. corruption. The goal of this research paper is to discuss cultural factors that affect negotiation and find examples from different regions on how those factors affected business negotiations and to conclude by providing ideas to deal with those challenges faced during negotiations. Use of time Individuals in different countries perceive time and use time in different ways. There are two major ways that cultures understand...
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...Does increasing economic and trade relations with emerging economies have any consequences for immigration systems in Canada? This topic and interview were based on a research project that the interviewer was working on. The emerging economies in question were Brazil, Russia, Indian, China, Turkey and Indonesia. The study endeavoured to look into current and past multilateral collaborations on migration between Canada and these countries. The specific areas of concern were labour, tourism, business, students, family, security, asylum, irregular migration and the specific policies in these areas. In Canada, immigration is a major societal nation-building exercise. Apart from Aboriginals the rest of the population arrived in Canada through immigration at one point or the other. Immigration policies are in tandem with social and economic goals of the country. The fundamental issue is to ensure immigration works to Canada’s advantage. Before and after 2006 the emphasis was on the economic side of immigration: education, language and skills that made immigrants ready for the job market. Canadian citizens support immigration policies. Before 1950, policies favoured European immigrants. Later, individuals who wanted to settle permanently in Canada were targeted. Currently, there is no discrimination on nationality. Asians, especially those from India and China contribute the largest number of immigrants. Temporary immigration involves visitors, international students and temporary...
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...Brazil is Most Attractive Emerging Market for Apparel Retailers Looking to Invest Abroad CHICAGO (June 2, 2008) Brazil's high spending on apparel items and strong clothing imports — along with its consumers' preference for the latest fashions — make the country the most attractive emerging market destination for apparel retailers, according to a new study from global management consulting firm A.T. Kearney. Brazil finished ahead of China and India in the A.T. Kearney Retail Apparel Index, which looks at ten drivers including apparel consumption and clothing imports/exports to rank the top 30 emerging markets for retail apparel investments. The Retail Apparel Index was published for the first time this year as a companion to A.T. Kearney's Global Retail Development Index (GRDI), a study of retail investment attractiveness among 30 emerging markets conducted annually since 2001. "There is great potential for global apparel retailers to succeed in Brazil," said Hana Ben-Shabat, a partner with A.T. Kearney. "Brazil is the most attractive apparel market for reasons of demographics and demand." Brazil's clothing market is growing at more than 7 percent annually and is estimated at $37.2 billion. The country is young, with more than 60 percent of population below the age of 29, and its consumers spend $402 annually on apparel — six times more than the average Chinese consumer. Brazilian consumers use credit for apparel purchases far more frequently than in other emerging...
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...GLOBAL BUSINSESS OPERATION ADEGBENRO ELEWADE MIB 34- 130226 INDIVIDUAL ASSIGNMENT QUESTION- You have been employed as a business consultant to advise a company manufacturing smart phones who wishes to explore the potential of doing business in one Latin American emerging market. You must produce a report that identifies the key issues that the company will face in your chosen market and secondly offer expert advice to attain business success in that market. CONTENTS- 1. Introduction. 2. View of Brazil’s economy. 3. Brazil as a BRICS Economy. 4. Market for smart phones in Brazil. 5. Using the porter’s five forces to analyse the market for smart phones in Brazil. 6. Competitors existing in the market. 7. How to enter the market. 8. Constraints to success for the company (using PESTLE model). 9. How to achieve a sustainable competitive advantage. 1. INTRODUCTION The Cost (this involves the legal cost, corruption, lack of infrastructure), Benefits (size of the economy or economy growth),Risk (political-social unrest, economic mis-management) analysis has been used to analyse the favourable emerging market in Latin America which is Brazil. The main reasons for choosing this market will discussed in details. 2. OVERVIEW OF BRAZIL’S ECONOMY The chosen market is BRAZIL which is an emerging market and also the largest of the Latin American nations and the second largest in the western hemisphere with...
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