...TASK ONE a) Identify the mission values and key objectives of Tate and Lyle. How far does the expression of vision values and mission affect the performance of the organization? Tate and Lyle’s mission is to focus on value-added products and extend its operation worldwide. This mission is fuelled by the company’s desire to increase profit. They also have a mission to be consistently first in customer satisfaction. The expression of vision values and mission are important as a means of focusing attention on the means and the ends ; a value statement reflects the means which will used to attain the ends spelt out in the mission statement. Mission serves a beacon for organization and its employees therefore, it becomes imperative to remain focus to its element like goals and objective, strategic intent and direction and vision. Rarick & Vitton(1995) concluded that having a mission statement significantly increases shareholder equity.These are some examples of well known companies statement and it has obviously affected their present success stories: * Wal-Mart: "To give ordinary folk the chance to buy the same thing as rich people." * 3M: "To solve unsolved problems innovatively." * Walt Disney: "To make people happy." b) What do you consider to be stakeholder’s main objectives? Do you think these objectives are met by Tate and Lyle’s activities? Many people are involved in running a business. Some have direct interest while others have indirect interest...
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...REFORM, AGRICULTURE, RESETTLEMENT AND WATER DEVELOPMENT ON THE VIABILITY OF THE SUGAR INDUSTRY Presented to Parliament on 6 June 2006 [S.C 15, 2006] ORDERED IN TERMS OF STANDING ORDER No. 151: 1) At the commencement of every session, there shall be as many select committees to be designated according to government portfolios to examine expenditure, administration and policy of government departments and other matters falling under their jurisdictions as the House may by resolution determine and whose members shall be nominated by the Standing Rules and Orders Committee. Such nominations shall take into account the expressed interests, experience or expertise of the members and the political and gender composition of the House. TERMS OF REFERENCE OF PORTFOLIO COMMITTEES S.O 152 Subject to these Standing Orders a Portfolio Committee shall: a) Consider and deal with all Bills and Statutory Instruments which are referred to it by or under resolution of me House or by the Speaker, consider or deal with an appropriation or money bill referred to it by these Standing Orders or by or under resolution of this House; and b) Monitor, investigate, enquire into and make recommendations relating to any aspect of the legislative programme, budget, rationalization, policy formulation or any other matter it may consider relevant of the government department falling within the category of affairs assigned to it, and may for that purpose...
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...Executive Summary: [pic][pic]Economists often proceed with impact studies of fertilizer subsidy without first making an examination of the structure and dynamics of subsidy. This may lead to misleading focus and to seeking solutions generally in adjustment of administered prices. Substantial gains in efficiency can be realized by looking into structural questions of subsidy. The case of Bangladesh provides an example of how a proper procedure of accounting can shift the onus of correcting numerous distortions that arise from current practices, from farmers to industries. The case study also shows that farmers receive less subsidy than usually claimed and the hidden subsidy to industries is passed on to farmers. The Bangladesh case may represent developing countries in a general manner. Introduction: In the early 1970s, Bangladesh pursued a highly restrictive trade and exchange rate policy characterized by import regulations, high import tariffs, export taxes, pervasive quantitative restrictions, and an overvalued exchange rate, similar to policies of the 1960s when it was part of united Pakistan. The policy regime in the 1970s was especially restrictive for the agricultural sector.. Major reforms in markets for fertilizer and irrigation equipment markets were begun during the late 1970s (Appendix Table A8). Under the New Marketing System established in 1978, private trade in fertilizer was liberalized, leading to a large expansion in the number of wholesalers and retailers...
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...be presented in the Parliament on 16th March. As every year, the budget will be an event that would signal the direction set forth for the growth path of the economy. Global as well as the domestic investors would also be looking for signals. The attempt of the government to push for higher growth without sound economic fundamentals has further resulted in higher inflation, increased current account deficit, tighter inter-bank liquidity, and sub-optimal utilization of the tax payers’ money. The major expectations that surround the budget can be summarized as below: Sustainability in curbing government expenditure to check on the imbalances created by the fiscal deficit, without curbing consumption; Managing current account deficits and trade imbalances; Direction to catapult private investment, gross capital formation; Managing supply side constraints; and Empowering the under privileged with skills and knowledge for self-sustenance. A revival in investment cycle should be the way forward for the economy to drive a revival in productivity, rather than depending on consumption to drive productivity. Further, the supply side constraints, if exist for a prolonged period, would cripple the economy and the government would require greater fiscal and monetary tools than currently available to correct the anomaly. At Sumpoorna, we believe that to revive capacity expansion in a counter-cyclical manner would require aggressive policy impetus and balanced development of the economy...
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...BSC COMPUTING SEMESTER 5 August 2012- November 2012 ABIODUN EMMANUEL TAIWO L0592LYLY0411 MODULE ADVISOR DR UMA MOHAN Cardiff Metropolitan University Department of Business and Information Technology London School of Commerce, London SE1 1NX ABIODUN EMMANUEL TAIWO L0592LYLY0411 MIS CASE STUDY 1. EXECUTIVE SUMMARY Tate and Lyle is a manufacturing firm that has it history dated back to the year 1921. The company was established as a result of a major merger between two sugar refining companies; Henry Tate & sons and Abram Lyle and sons. The company, after the merger expanded its coast to the production of specialty food ingredients such as sweeteners, texturants, wellness ingredients among others and bulk ingredients such as corn syrup, acidulants and flours. Tate and Lyle is based in Silver-town, London from where it runs supplies to a huge market network which comprises of food and beverages, pharmaceutical, animal feeds and personal care industries around the globe. Vision and Mission remains the backbone of every successful business organization and the managers of Tate and Lyle left nothing untouched in this regard. It has simple, direct and concise goals and mission which are clearly outlined in their mission statements. This case study pays particular attention to a broad analysis of the company’s mission statements, its alignment to the company’s strategies and an expanded analysis of various factors that can affect the company’s...
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...Economic Revival June 2012 June 2012 © Confederation of Indian Industry Copyright © 2011 by Confederation of Indian Industry (CII), All rights reserved. No part of this publication may be reproduced, stored in, or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of the copyright owner. CII has made every effort to ensure the accuracy of information presented in this document. However, neither CII nor any of its office bearers or analysts or employees can be held responsible for any financial consequences arising out of the use of information provided herein. However, in case of any discrepancy, error, etc., same may please be brought to the notice of CII for appropriate corrections. Published by Confederation of Indian Industry (CII), The Mantosh Sondhi Centre; 23, Institutional Area, Lodi Road, New Delhi-110003 (INDIA), Tel: +91-11-24629994-7, Fax: +91-11-24626149; Email: info@cii.in; Web: www.cii.in Confederation of Indian Industry The Mantosh Sondhi Centre 23, Institutional Area , Lodi Road, New Delhi – 110 003 Tel.: 011-24621874, 24629994-97 : Fax: 011-24626149 Website:www.cii.in Edited, printed and published by: Chandrajit Banerjee, Director General, CII on behalf of Confederation of Indian Industry from The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi –110 003 Tel: 91-11-24629994-7 Fax: 91-11-24626149 email:...
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...coal, natural gas, or heavy oils by exposure to heat and pressure in the earth’s crust over hundreds of millions of years. The burning of these fossil fuels is the largest source of emissions of carbon dioxide which is one of the greenhouse gases that contribute to global warming. Biofuels are transportation fuels like ethanol and biodiesel that are made from biomass materials. The fuels are usually blended with petroleum fuels, but can also be used alone. Using ethanol or biodiesel means we don’t burn quite as much fossil fuel. Biofuels are usually more expensive, but they are cleaner burning fuels that produce few air pollutants. Ethanol is an alcohol fuel made from sugars found in grains such as corn, sorghum or barley. Other sources are potato skins, rice, sugar cane, sugar beets, yards clippings, bark and switch-grass. Most ethanol uses in the United States is distilled from corn. Ethanol is a major type...
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...UNION BUDGET 2010-11 Impact Analysis UNION BUDGET 2010-11: Impact Analysis CONTENTS BUDGET AT A GLANCE ............................................................................................ 1 UNION BUDGET 2010-11 : A MACROECONOMIC PERSPECTIVE ........................ 2 - 3 SECTORAL IMPACT ........................................................................................... 4 - 23 CHANGE IN CENTRAL PLAN OUTLAY..................................................................... 24 RECEIPTS .......................................................................................................... 25-26 EXPENDITURE ................................................................................................ 27 - 28 KEY ECONOMIC INDICATORS (Absolute Values) ................................................... 29 KEY ECONOMIC INDICATORS (Percentage Change Over Previous Year) ............... 30 UNION BUDGET 2010-11: Impact Analysis BUDGET AT A GLANCE (Rs bn) 2009-10 Revised Estimates 1) Revenue Receipts 2) Tax Revenue (net to centre) 3) Non-Tax Revenue 4) Capital Receipts (5+6+7)$ 5) Recoveries of loans 6) Other receipts 7) Borrowings and other liabilities * 8) Total Receipts (1+4)$ 9) Non-Plan Expenditure 10) On Revenue Account of which, 11) Interest Payments 12) On Capital Account 13) Plan Expenditure 14) On Revenue Account 15) On Capital Account 16) Total Expenditure (9+13) 17) Revenue Expenditure (10+14) 18) Capital Expenditure (12+15) 19) Revenue Deficit...
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...study Somalia* * This document is an extract from Local Business, Local Peace: the Peacebuilding Potential of the Domestic Private Sector, published in 2006 by the UK-based peacebuilding NGO International Alert. Full citation should be provided in any referencing. © International Alert, 2006. All rights reserved. No part of this publication, including electronic materials, may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without full attribution. Somalia Somali enterprises: making peace their business Aweys Warsame Yusuf Businesses have played varying roles in Somalia’s conflict, with both positive impacts on post-conflict reconciliation and negative impacts that contributed to an escalation in violence at different times. This study focuses on the dynamics of an evolving private sector and its interactions with violent conflict at different stages, in an environment bereft of regulation. It specifically focuses on southcentral Somalia. It is based on desk-based research into secondary sources; surveys undertaken by the Somali NGO Centre for Research and Dialogue (CRD); as well as personal interviews with businesspeople, elders, civil society representatives and grassroots actors. Access to these individuals was achieved through CRD’s network of contacts. Geo-political profile of Somalia Somalia is located in the Horn of Africa together with Ethiopia, Eritrea and...
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...ECONOMICS _____________________________________________________________________________________ WEEK 1: HOW ECONOMISTS THINK * What are preferences? Preferences refer to all of the objectives an individual wants to achieve that might motivate a choice among a set of alternatives. * What does it mean for an individual’s preferences to be rational? Please explain the concepts of costs and benefits and the reasoning process used by a rational individual. A rational individual will try to make the best possible use of his/her scarce resources, usually choosing an activity that has the highest utility. Rational preferences possess 2 properties, which are completeness and transitivity. Completeness means that choices can be ranked in an order of preference. For instance, an individual will have a preference when faced with two choices. Transitivity means actions can be compared with other actions. As an example, if action a is preferred to b, and action b is preferred to c, then a is preferred to c. A benefit is the maximum unit of currency amount you would be willing to pay to do x, while the cost is the value of all the resources you must give up in order to do x. The cost-benefit approach to decisions states that an individual should do an activity x if the benefit exceeds the cost. Relating to cost, in the process of coming up with a decision, a rational individual will take into account opportunity costs and ignore sunk costs. * New theories argue that...
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...SOLUTIONS TO TEXT PROBLEMS: Chapter 6 Quick Quizzes 1. A price ceiling is a legal maximum on the price at which a good can be sold. Examples of price ceilings include rent control, price controls on gasoline in the 1970s, and price ceilings on water during a drought. A price floor is a legal minimum on the price at which a good can be sold. Examples of price floors include the minimum wage and farm-support prices. A price ceiling leads to a shortage, if the ceiling is binding, because suppliers won’t produce enough goods to meet demand unless the price is allowed to rise above the ceiling. A price floor leads to a surplus, if the floor is binding, because suppliers produce more goods than are demanded unless the price is allowed to fall below the floor. 2. With no tax, as shown in Figure 1, the demand curve is D1 and the supply curve is S. The equilibrium price is P1 and the equilibrium quantity is Q1. If the tax is imposed on car buyers, the demand curve shifts down by the amount of the tax ($1000) to D2. The downward shift in the demand curve leads to a decline in the equilibrium price to P2 (the amount received by sellers from buyers) and a decline in the equilibrium quantity to Q2. The price received by sellers declines by P1 – P2, shown in the figure as ( PS. Buyers pay a total of P2 + $1,000, an increase in what they pay of P2 + $1,000 - P1, shown in the figure as ( PB. [pic] Figure 1 If the tax is imposed on car sellers, as shown in Figure...
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...REPORT Independent Assessment of the Sugar Industry 2002 Clive Hildebrand Independent Assessment of the Sugar Industry 2002 Clive Hildebrand Report to the Hon. Warren Truss MP Minister for Agriculture, Fisheries and Forestry I n d e p e n d e n t A s s e s s m e n t o f t h e S u g a r I n d u s t r y Secretariat: GPO Box 858, Canberra ACT 2601 ph: +61 2 6272 4388 fax: +61 2 6272 3359 email: sugar@affa.gov.au web: www.affa.gov.au/sugar The Hon Warren Truss MP Minister for Agriculture, Fisheries and Forestry Parliament House CANBERRA ACT 2600 Dear Minister I have pleasure in presenting my Assessment of the sugar industry’s viability and restructuring needs as requested. It is my personal opinion, neither more nor less, after an intense period of contact activity covering all the groups requested, and after personal research. As requested it is written in direct terms, and is without modification for outside requests except to observe confidentiality. While at times critical, it is a genuine attempt to contribute to the long term future of this industry, which is so rich with history and today’s hard working and dedicated people, and so important to regional coastal Queensland and northern New South Wales, as well as the Ord River Irrigation Area. The process chosen was open and transparent. Despite time limitations I am confident that I have been given a privileged insight into the state of the industry and the key issues. Economic and environmental drivers were examined...
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...rapidly in the 1950s and 1960s as Nicaragua converted its best lands into fields of cotton and cane, or pastures for beef cattle. As the fastest growing Central American economy at this time, by the turn of the 1970s it was also the region’s most prosperous economy. But the political and social context was one of great inequality between the landowners and those running the import-export houses that supported the agricultural export industry on the one hand, and the majority of the population who subsisted on small-holdings or were plain landless, in both cases often dependent on the seasonal earnings from working on the export crops harvests. The excesses of the dictatorial Somoza regime eventually provoked rebellion and in 1979 a radical alternative took power, the Sandinistas. Although committed to equality and redistribution, the attempt to control the key points in the economy and to intervene strongly in markets led to perverse incentives and resource miss-allocation: as US opposition escalated to the point of funding the Contra, and government spending on defense rose in response, the economy all but collapsed in chaos and hyperinflation. After 10 years of outrageous struggle, peace was signed from both antagonist political factions and a new coalition...
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...Role of local Government ministry In Bangladesh economy Submitted to Shahnawaz Mohammad Rafi Faculty of Economics American International University-Bangladesh Submitted by Islam Md. Ashraful 09-14107-2 Mow Farzana Sultana 09-18984-2 Dewanjee Tushar Kanti 09-13918-2 Md. Faisal Al Imran 09-13998-2 Imtiaz Ashfaq 09-13932-2 Islam Md. Rashedul 09-14203-2 Role of local Government ministry In Bangladesh economy Bangladesh is a poor country. Most of the people live below the poverty line. Our GDP depends on Agriculture and industry. As a newly independent (1971) country Bangladesh is struggling with huge population, low per capita income, mass poverty, unemployment and underemployment, illiteracy, child labor, malnutrition, corruption, and related social problems. The economy of the country is poor and based on the rural agricultural sector, but natural disasters - mainly floods, affects the economy annually which delays economic progress. Rural-urban disparity in terms of per capita income, consumption, education, health facilities, and physical infrastructure is an important developmental issue in Bangladesh. The Government of Bangladesh and a significant number of non-government organizations (NGOs) are working to improve the socioeconomic conditions of rural poor people of the country. To improve the economic development of the country the local Government ministry should work for it. Bangladesh economy depends on some several sectors...
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...food to combat micronutrient malnutrition as a priority health program for the nation. | Republic Act No. 8048 | Coconut Preservation Act of 1995 | Considering the importance of the coconut industry in nation building being one of the principal industries and one of the largest income earners of the country, it becomes mandatory for the Government to step-in and regulate the unabated and indiscriminate cutting of the coconut trees. For reasons of national interest, it is hereby declared the policy of the State to provide for the growth of the industry by embarking on a sustainable and efficient replanting program. | Republic Act No. 8041 | National Water Crisis Act of 1995 | It is hereby declared the policy of the State to adopt urgent and effective measures to address the nationwide water crisis which adversely allocate the health and well-being of the population, food production and industrialization process. | Republic Act No. 7942 | Philippine Mining Act of 1995 | All mineral resources in public and private lands within the territory and exclusive economic zone of the Republic of the Philippines are owned by the State. It shall be the responsibility of the State to promote their rational exploration, development, utilization and conservation through the combined efforts of government and the private sector in order to enhance national growth in a way that effectively safeguards the environment and protect the rights of...
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