...Global economic slowdown and its impact on the financial services industry in India April 2009 The global slowdown was an outcome of two events - absence of a sound regulatory framework & mismatch between financial innovation and the ability of the regulators to monitor them immediate aim should be to fix the financial system and to maintain the aggregate demand at a high enough level to stimulate the real sector 2 Contents Executive summary 1. Global financial markets: A perspective 2. Indian financial services industry 3. Impact of the recession on the financial sector of the Indian economy 4. Future outlook 5. Conclusion Contacts 4 6 9 14 18 20 23 3 Executive summary The global economy is reeling with the impact of the ongoing recession which started with the sub-prime crisis in the United States and found its way to other developed and emerging economies of the world. This recession has its roots in the initial collapse of the financial sector. However, in a world that is more integrated within each country as well as across nations, the events in the financial sector have eventually trickled down to the real sector of the economies as well. Finance and financial markets play a dominant role in growth and development of modern economies – hence, any recovery from the current recession must be couched in an overall recovery of the health and performance of the financial sector. In the absence of mature financial markets in their own economies,...
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...Total Quality Pioneers Paper xxxxxxxx Quality Management and Productivity MGT/449 xxxxxx xxx Introduction People are confronted with scenarios concerning quality nearly every day. The word or notion of quality can be defined a number of ways. Some think quality should be determined by individual standards and expectations, while others believe quality is an ever changing state. Goetsch and Davis systematically broke down the elements of quality and determined that “quality is a dynamic state associated with products, services, people, processes, and environments that meets or exceeds expectations and helps produce superior value (Goetsch and Davis, 2010 p.5).” Whatever ones interpretation of quality might be, the intent of this paper is to more clearly define quality and its elements as well as describe how the quality pioneer's use of the total quality elements made the pioneers successful. Furthermore, this paper will explain why the elements of quality are useful in today’s environment and offer some insight as to what the future of quality might look like. Quality and its Elements Quality is defined with a variety of distinct explanations. Nevertheless, understanding quality is the key. End use consumers that are businesses explain quality unmistakably through the use of standards, specifications, and other measurable features. For instance, an individual in search of a new automobile will make his or her final purchase decision based on the quality...
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...correct patients so that no other competitors steal valued material. This actually makes their products perform better than other competitors. Politically Under Armour needs to promote good and safe work habits. They do not want a negative view like Nike obtained after they were seen utilizing sweatshops to make a deeper profit in the Industry. Even if a few customers find out they are using bad practices, then it shatters the whole reputation and brand image. Socio-cultural and Global Under Armour and other competitors can and have been using a global image to win the customers over. It is very important that Under Armour utilizes the global image of their quality product, for instance, showing their products on a global scale such as providing gear to the NFL and MLB. People are likely to wear what the professionals wear because they want to be like them. It also utilizes product placement in movies, TV shows, and video games that places their product on a global scale. It can also reach a global scale by endorsements made with worldwide know people, such as people participating...
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...with products from manufacturing to cultural resources that promotes worldwide exchanges of ideas, economic impact and global interaction. The major factors which have contributed advances on an exponential scale include transportation in the air, sea, and ground, and the international infrastructure in telecommunications, from fiber optics, global thinking and the World Wide Web2. The processes in globalization has affected small business to large corporations, economics, social cultural resources, including politics from the migration of ideas with support and criticism from cultural differences intertwined with competition. The creativity and innovation from the diverse cultures has exploded into popularity that affect all civilization and lifestyles. Diverse knowledge and the ability to compete on a global scale has changed the way businesses and individuals interact. The advances in technology, with faster cell phone,smartphones, tablets integrated electronics, multi-CPU architect, faster bandwidth from fiber optic infrastructure will continue to integrate businesses and individuals in globalization for years in the future. The consumption of a product, either electronic gadgets, power tools, food or grains, and intellectual property from the east coast to west coast or United States to China or any other country will affect the supply or demand on a global scale instead of locally from state to state, or neighboring...
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...TM-Chapter 1 (Motivations, Means and Mentalities) In this chapter, a number of important questions that companies must resolve before taking the leap to operate outside their home environment. 1. What market opportunities, sourcing advantages, or strategic imperatives provide the motivation for their international expansion? 2. By what means will they expand their overseas presence-through modes such as exports, licensing, joint ventures, wholly-owned subsidiaries, or some other means? 3. How will the management mentalities – their embedded attitudes, assumptions, and beliefs- that they bring to their international ventures affect their chances of success? Operating in an international rather than a domestic arena presents managers with many new opportunities. Having worldwide operations not only gives a company access to new markets and low-cost resources, it also opens up new sources of information and knowledge and broadens the options for strategic moves that the company might make to compete with its domestic and international rivals. However, with all these new opportunities come the challenges of managing strategy, organization, and operations that are innately more complex, diverse, and uncertain. What is multinational enterprise? * Multinational enterprise has substantial direct investment in foreign countries (Not just the trading relationships of an import-export business), and actively manage and regard those operations as integral parts of the company...
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...Introduction One of the most important items about gaming is there are winners and losers (in a fun and entertaining way), which influences and entices players all over the world. All of the variables involved with the networks that provide gaming platforms are so dynamic and diverse. From games that are purely for fun or learning there will be a huge market for deploying bigger networks. This is one reason networks growth should grow exponentially. Below is what I have identified as a gaming or Local Exchange network. “Retrieved from, http://www.psu.com/a018031/” 12/17/2013 Posted January 17th, 2013 at 19:30 EDT by Timothy Nunes “Retrieved from, http://www.hcl-axon.com/Our_Products/gamedge/” 12/17/2013 “Retrieved from, http://compnetworking.about.com/od/homenetworking/ig/Home-Network-Diagrams/Hybrid-Network-Diagram.htm” 12/17/13 By Bradley Mitchell References • Home Wi-Fi Security Checklist Cited in the "Handbook of Electronic Security and Digital Forensics" and other titles! • Fixing Common Internet Connection Problems There's nothing more frustrating than a broken Internet connection. We have some tips that can help. Summary The development of a good gaming network has many components that work to enable the end user to have a full experience of entertainment and enjoyment. Some networks are much smaller which can be setup for home use. The ability to play a...
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...Global Warming Global warming is one of the most serious challenges facing us today. To protect the health and economic well-being of current and future generations, we must reduce our emissions of heat-trapping gases by using the technology, know-how, and practical solutions already at our disposal. Global warming has become perhaps the most complicated issue facing world leaders. On the one hand, warnings from the scientific community are becoming louder, as an increasing body of science points to rising dangers from the ongoing buildup of human-related greenhouse gases produced mainly by the burning of fossil fuels and forests. On the other, the technological, economic and political issues that have to be resolved before a concerted worldwide effort to reduce emissions can begin have gotten no simpler, particularly in the face of a global economic slowdown. After years of preparation for climate talks taking place in Copenhagen through Dec. 18, 2009, President Obama and other leaders announced on Nov. 15 what had already become evident that no formal treaty could be produced anytime soon. Instead, the leaders pledged to reach a placeholder accord that would call for reductions in emissions and increased aid to help developing nations adapt to a changing climate and get access to non-polluting energy options. This would in theory give the nations more time to work out the all-important details. Negotiators would then seek a binding global agreement in 2010, complete with...
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...and final findings on the state of the planet’s climate have been stated that limiting climate change will require ‘substantial and sustained’ reductions of greenhouse gas emissions. Kind of like what the last report I found was talking about. It says that atmospheric concentrations of greenhouse gases, already at levels not seen in at least 800,000 years, will persist for many centuries and ‘continued emissions of greenhouse gases will cause further warming and changes in all components of the climate system’. The IPPC report revealed that it is 'extremely likely' that human activity is the dominant cause for global warming. It claims a rise in temperature in the Northern Hemisphere will cause snow cover to decrease by 25 per cent by the end of the 21st century. Which is the age in time were in now. But the report failed to convincingly explain why the rise in global average surface temperatures had largely 'paused' over the past two decades. But it concedes that world temperatures have barely risen in the past 15 years, despite growing amounts of greenhouse gases being pumped into the atmosphere. Temperature rises have...
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...EFFECTS OF GLOBAL WARMING. Introduction In the past few decades, the earth has been increasingly warmer; weather changes have become more unpredictable. This phenomenon known as global warming, according to Maslin (2000), global warming is due to the massive increase in greenhouse gases such as carbon dioxide, which we are emitting into the atmosphere. Global warming can be natural or human induced, natural global warming occurs due to factors such as volcanic eruption, the relationship between the earth’s rotation axis position and revolution around the sun. However, global warming has increased over the last centuries at an unnatural pace, this has made specialist believe that the real cause of global warming is human induced. Activities that cause human induced global warming include, agricultural practices, burning of fossil, deforestation, industrial processes and the introduction of massive plants or animals. The effects of global warming may be physical, ecological, social or economic (Haldar, 2011). Some of the physical effects include extreme weather conditions such as rising temperatures, warmer temperature could lead to increased drought, more powerful and dangerous hurricanes and even intense rainstorms. Local climate change is another physical effect of global warming. According to (Haldar, 2001 ), there are three ways in which global warming can cause changes in regional climate, melting or forming ice, changing the hydro cycle and changing currents in the...
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...Global emissions of greenhouse gases jumped 2.3 percent in 2013 to record levels, scientists reported Sunday, in the latest indication that the world remains far off track in its efforts to control global warming. The emissions growth last year was a bit slower than the average growth rate of 2.5 percent over the past decade, and much of the dip was caused by an economic slowdown in China, which is the world’s single largest source of emissions. It may take an additional year or two to know if China has turned a corner toward slower emissions growth, or if the runaway pace of recent years will resume. In the United States, emissions rose 2.9 percent, after declining in recent years. The new numbers, reported by a tracking initiative called the Global Carbon Project and published in the journal Nature Geoscience, came on the eve of a United Nations summit meeting meant to harness fresh political ambition in tackling climate change. Scientists said the figures showed that vastly greater efforts would be needed to get long-term global warming within tolerable limits. “You can no longer have some countries go first and others come in later, because there is no more time,” said Glen P. Peters, a scientist at the Center for International Climate and Environmental Research in Oslo, who helped compile the new numbers. “It needs to be all hands on deck now.” Yet expectations for the summit meeting on Tuesday are low, with no sign of any political breakthrough that would...
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...Global warming has become perhaps the most complicated issue facing world leaders. On the one hand, warnings from the scientific community are becoming louder, as an increasing body of science points to rising dangers from the ongoing buildup of human-related greenhouse gases — produced mainly by the burning of fossil fuels and forests. On the other, the technological, economic and political issues that have to be resolved before a concerted worldwide effort to reduce emissions can begin have gotten no simpler, particularly in the face of a global economic slowdown. After years of preparation for climate talks taking place in Copenhagen through Dec. 18, 2009, President Obama and other leaders announced on Nov. 15 what had already become evident — that no formal treaty could be produced anytime soon. Instead, the leaders pledged to reach a placeholder accord that would call for reductions in emissions and increased aid to help developing nations adapt to a changing climate and get access to non-polluting energy options. This would in theory give the nations more time to work out the all-important details. Negotiators would then seek a binding global agreement in 2010, complete with firm emission targets, enforcement mechanisms and specific dollar amounts to aid poorer nations. At the heart of the debate is a momentous tussle between rich and poor countries over who steps up first and who pays most for changed energy menus. Read More... Within the United States...
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...Brief Overview of Reports of Intergovernmental Panel on Climate Change (IPCC) Since 1990 and Reactions • In its first 1990 REPORT, the IPCC refrained from suggesting that the 0.5 degrees Celsius rise in the average global earth temperature since the start of the 20th century was due to humans or from natural variability. • In its second 1995 REPORT, the IPCC did not move much from its earlier position of the origin of higher global temperatures. However, it did say that subsequent research since the last report gave a strong indication that, “The balance of evidence suggests a discernible human influence on the global climate.” • In its third 2001 REPORT, the IPCC went a step further when saying the continuing trends in climate warming were “likely” – meaning more than a 66% chance of being due to humans. • In its fourth 2007 REPORT, the “likely” scientific viewpoint got much stronger with the term “very likely” – meaning more than a 90% chance of being due to humans. Conclusions were more definitive that the warming up was unmistakable from measurements of atmosphere and ocean temperatures, from worldwide rapid melting of glaciers and pole ice and from the rise in sea level. globalwarming5The provocative statement was also made that, even if the greenhouse gas effect stabilized, the warming up of the earth and the rising sea levels could continue for a 100 years with irreversible effects on nature and humans. As noted, not surprisingly, the neo-conservative Tea...
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...what will this imply for economic growth? BY: NILUSHA DE SILVA (Msc – Australian National University) Specialized in Environmental Management & Development Introduction It is universally accepted that climate change is unavoidable; it can not be stopped but it is manageable and could be slowdown if carefully and wisely handled. However, the pressure on governments to act on the issue is immensely increasing; evidence is obvious and rather comprehensive. Globally as well as locally governments responded and responding in different ways, presents different arguments and logics, bears different perspectives and struggles to deal with the issue which concerns the effects on the economic growth. Kyoto Protocol is one of the global attempts that spell out the increasing concern of climate change. The urgency to act on climate change issues can not be ignored or denied. Past few decades have evidenced and strengthen its immense impact on every arena of sustainable issues of humanity (Climate trends 2007): ecological, economic, social /culture (‘sustainability’ is meeting the triple bottom line). Action should be taken by the governments to address this issue both on local and global levels. This paper identifies governments should focus on policy reforms in order to address climate change efficiently and effectively. These policy reforms should gear towards investing on human capital / knowledge capital, utilization of market mechanisms and institutional arrangements and utilization...
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...Running Head: GLOBAL WARMING: FACT OR FICTION Global Warming: Fact or Fiction Student Name Student’s School Abstract This report explores the topic of Global Warming in terms of the truth or falsehood surrounding its impact on environments worldwide. Chronicles of the topic will be explored, along with arguments for and against solutions. The purpose of this record is to inform members of Congress about the two opposing viewpoints on the subject. Global Warming: Fact or Fiction Step I: Outline I. Background of Global Warming A. Impetus for the subject 1. Arguments for the topic (facts, truth?) 2. Arguments against the topic (fiction, false?) Step II: 750-1000 Word Paper I. Background of Global Warming The National Oceanic and Atmospheric Administration (NOAA) - National Climatic Data Center says, “One of the most vigorously debated topics on Earth is the issue of climate change, and the National Environmental Satellite, Data, and Information Service (NESDIS) data centers are central to answering some of the most pressing global change questions that remain unresolved…” New York Times reporter says, “Global warming has become perhaps the most complicated issue facing world leaders. On the one hand, warnings from the scientific community are becoming louder, as an increasing body of science points to rising dangers from the ongoing...
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...Urban Ecology: An Issue of Preserving Biodiversity in Indian Cities In the next 100 years, the world’s urban population is expected to be 8 or 9 billion of a total of nearly 11 billion people around the globe. It is surprising to read in The Guardian that most of the urbanization will occur during this century only to be followed by a staggering slowdown in the process of urbanization. Cities, as seen from the “polis” concept of Aristotle, are essentially meant for the ‘association of people’. This way, cities are, by the people, of the people and for the people. New opportunities and budding options make them attractive to a number of migrants. But not just limiting to the Aristotelian concept of cities, these urban spaces need also to be seen as the conservation grounds of biodiversity and ecosystem services. Much against the common belief, cities too can be rich in biodiversity and there is much more than just providing hubs of manly association which may be offered by the city places. Global cities such as Berlin, Chicago, Scandinavian city of Stockholm, Singapore and Kolkata to name a few, are some examples of amalgamation of richness of biodiversity and vibrancy of modernity. In order to make cities the resources efficient growth centers and to...
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