...will be using is the World Bank, which operates in more than 100 countries. The World Bank is crucial to providing funding monetary and technical support to emergent countries all over the world. The World Bank focus is to assist fight poverty and provides populations in different countries the resources needed to run their country affectively. The World Bank helps countries build relationships, share knowledge and establish partnerships, within the public and private sector. The World Bank is an international financial organization that advances money to emergent countries and regions. Some of those countries and regions include Asia, Europe, North and South America, Middle East, and Africa. The World Bank believes in growth from within; meaning that the growth of a country should start within that country. Currently, the World Bank focus that they use to help make sure that poor countries have a range of financing options that will help poor countries meet their current and future needs. There are three supporting factors that World Bank uses to ensure that their efforts are working. Those three factors are Results, Reform, and, Open Development. The World Bank believes that by becoming aligned with the countries that they work with create a focus on delivering quantifiable results. The new Reforms that the World Bank has put in place are targeted at improving every aspect of their work with countries in poverty. The World Bank focuses on how new projects can be...
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...Concept of Free Market Economy with focus to Indian Economy and options for Bangladesh 1 1.0 INTRODUCTION Free market economy has become the only economic system dominating the world after the collapse of socialism in Soviet Union and other East European countries. Today, the application of market mechanism is widespread all over the world. The free flow of capital and goods throughout the world has made the world like a single village. Success of countries practicing free market is only evident with the growth of the USA, the Scandinavian countries, Germany and France as major world powers. Countries such as India and China, by allowing liberalization of its trade to some extent and practicing free market principles brought about more efficiency among its domestic producers and increased its growth rate markedly. Free market existing with the doctrines of Socialism like limited regulation of prices by the government to protect the poor can be an ideal situation for developing countries like India, China and South East Asian countries to attain growth and prosperity. 2.0 FREE MARKET ECONOMY The term free market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. In a way, free market gives the absolute power to prices to determine the allocation and distribution of goods and services. These prices, in turn, are fixed by the forces of supply and demand of a respective commodity. In cases of demand falling short...
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...Health Reforms in India Name Institution Date Health Reforms in India Introduction Reforms describe positive changes that are effected in a system or practice, typically with regard to political, social or economic aspects, with a view to realizing better outcomes from the system, process or institution. Reforms in different sectors within a region or state are geared towards improving efficiency in the process. Successful implementation of reforms results in improvement in the process outcomes. For example, when a country implements reforms within its justice system, improvements could be witnessed through an easier processing and completion of cases and better treatment of suspects and convicts. One of the areas which have seen reforms in various countries of the world is healthcare. Perhaps as a result of increasing appreciation of the value of a healthy population in socio-economic and political development, coupled with an ever increasing threat to human health, authorities in different countries, including the US and India are implementing a wide range of health reforms. In India, in particular, the government is undertaking reforms with a view to improving the access to quality healthcare for the citizens. This paper discusses health reforms in India, with a focus on the specific aspects of the reforms, and the extent to which it has improved healthcare delivery in the Asian country. The paper also provides a few recommendations on...
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...Dewan India. CONSUMER PACKAGED GOODS – INDUSTRY BACKGROUND CPGs were packaged household groceries and supplies consumed readily and regularly, including foods, personal care products and detergents, among others. The CPG industry comprised manufacturers, wholesalers and retailers. A broad spectrum of competitors prevailed, from standalones occupying niches to integrated firms straddling the continuum. Globally, profit margins were generally low for CPG companies, and their business models emphasized cutting costs, and chasing volumes and elusive top‐line growth. Three factors usually influenced a consumer’s decision to buy a CPG : price, brand loyalty and impulse. In most developing countries, including India, CPG was a local business dominated by small indigenous players at provincial levels. Very few graduated to national status. Manufacturing was generally outsourced and retail channels were shared. Distribution was a key success factor in the business. In the developing markets, there were almost no CPG firms that played on the global stage. It was not easy to create universally appealing brand positions or product assortments and run far‐flung, people‐intensive retail operations. Having acquired a place among the top 10 CPG companies in India, Dewan was attempting what few other CPG companies from emerging markets had attempted to do : become an international company...
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...S w 9B09A017 DABUR INDIA LTD. - GLOBALIZATION R. Chandrasekhar wrote this case under the supervision of Professor Niraj Dawar solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Ivey Management Services prohibits any form of reproduction, storage or transmittal without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Management Services, c/o Richard Ivey School of Business, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2009, Ivey Management Services Version: (A) 2009-06-10 INTRODUCTION In June 2007, consumer packaged goods (CPG) companies around the world were optimistically betting on growth in India. Dabur India Ltd. (Dabur) was among the top 10 CPG1 companies in India by revenue (see Exhibit 1). Dabur’s chief executive officer (CEO), Sunil Duggal, was bullish on the Indian market, yet he was also convinced of the imperative to internationalize. Scheduled to meet soon with a group of institutional investors to brief them on the company’s growth strategy, Duggal had to...
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...opportunity is the offshore outsourcing of finance and accounting services. The business process outsourcing (BPO) market has grown substantially over the last decade and is expected to continue to increase rapidly. Offshore financial institutions can also be used for illicit purposes such as money laundering and tax evasion. Many countries, territories and jurisdictions have offshore financial centers (OFCs). These include well-known centers like Switzerland, Bermuda and the Cayman Islands, and less-well-known centers like Mauritius, Dublin and Belize. The level of regulatory standards and transparency differs widely among OFCs. Supporters of OFCs argue that they improve the flow of capital and facilitate international business transactions. ‘Outsourcing’ is the management and / or daily execution of a business function by a third-party service provider. Firms have been encouraged to outsource non-critical areas of business in order to focus on core competences (Quinn et al, 1990). There are many different outsourcing models, including the outsourcing of activities to firms in foreign ‘host country’ locations, which is called ‘offshoring’, and is the focus of this report. Offshoring means located or based outside of one's national boundaries. The term offshore is used to describe foreign banks, corporations, investments and deposits. A company may legitimately move offshore for the purpose of tax avoidance or to enjoy relaxed regulations. In the last five years, offshoring...
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...labor cost is low in Bangladesh. The whole manufacturing process will take place in Bangladesh. On the other hand, India and China will mainly provide technology, idea, R&D and special equipment (if required). We have decided to go for joint venture, rather than exporting because, joint venture provides companies with the opportunity to gain new capacity and expertise. It will allow us to enter new geographic markets, that is, India or China and gain new technological knowledge access to greater resources, including technology and sharing of risks with them. China and India is not an easy market to enter, as from geographic point of view, they are vast and also they possess a total different culture. Again, it will be difficult for us to monitor and sustain. So, by joint venture, we will be able to penetrate their market and also to their culture easily and quickly through them as they already have enough knowledge about their market. EXTERNAL ANALYSIS – PESTLE ANALYSIS THE PESTEL ANALYSIS OF INDIA Political: (Stable) After researching the taxation and government policies, it can be said that India is politically stable and it will not upset doing business or growth of the company. India has an open system for the foreign entry. But sometimes the country faces ups & downs in the political sector. Tax rate in India is 30% for Indian companies and 40% for foreign companies. The foreign investments are highly encouraged as 100%...
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...- IT & ITES INDUSTRY 5 TATA CONSULTANCY SERVICES 6 INTRODUCTION 6 SWOT ANALYSIS ..7 TCS’ RESOURCES & CAPABILITIES ..8 TCS’ STRATEGY ANALYSIS ...9 Generic Business Strategies Global Strategies Corporate Level Strategies RECOMMENDATIONS 14 REFERENCES .15 INDIAN IT INDUSTRY OVERVIEW The IT-ITeS industry in India has today become a growth engine for the economy, contributing substantially to increases in the GDP, urban employment and exports, to achieve the vision of a “young and resilient” India. During the year, the sector maintained its double digit growth rate and was a net hirer. This growth has been fuelled by increasing diversification in the geographic base and industry verticals, and adaptation in the service offerings portfolio. Consequently, India has attained leadership position in the global sourcing market. India is now the leading country in providing IT Enabled Services in the world. According to a recent study, Indian IT & ITES is expected to grow at around 8% to touch revenue of almost USD115 billion. NASSCOM, the premier institute which manages all the IT and ITES companies in India, estimated that the revenue of the IT Enabled Services will cross the revenues of IT industry by 2010. The export revenue generated from ITES is about USD 78 billion and has a projection to grow up to more than US$ 150.22 billion by 2015....
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...inflation Abstract: India and china the two Asian giant, have shown economic growth in last few decades. The expansion of the economy brought high inflation in both countries. Inflation impacts all types of the consumers while rich or poor, it will become a real problem if the countries didn’t adopt policies to decrease the inflation rate. India and china have a very fast economic growth with fast population. The government and the central bank have to work beside to curb the inflation using two main policies are monetary policy and fiscal policy. In the monetary policy the central bank has to manage the many supply in the market and also control and decline the inflation, in terms of fiscal policy the government try to see the tax level to impact in the inflation rate. Monetary policy has more effect than fiscal policy, but also there are challenges implementations of the policies. Argument 1(monetary policy) India has faced a hyperinflation in years 2009 to 2011 to unprecedented level. The inflation in India affects the saving of the Indian household which decreased the value of saving in that nation. The monetary authorities are trying to impact the money supply directly without creating deformation in the economy by changes CRR (cash reserve ratio), repo and reverse repo rate. The main objective is to maintain price stability. The RBI (reserve bank of India) trying to control the money supply by using which called contractionary monetary policy that focus in decreasing the...
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...India I Equities Consumer Sector Report 18 April 2012 India Consumer – Alcoholic Beverages Holding the fort BSE FMCG: 4779 Nifty / Sensex: 5290/17358 Shirish Pardeshi +9122 6626 6730 shirishpardeshi@rathi.com Aniruddha Joshi +9122 6626 6732 aniruddhajoshi1@rathi.com Anand Rathi Share and Stock Brokers Limited, its affiliates and subsidiaries, do and seek to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. Disclosures and analyst certifications are located in Appendix 1. Anand Rathi Research India Equities 18 April 2012 India Consumer - Alcoholic Beverages – Holding the fort Snapshot of liquor industry in India Liquor industry break-up Imported 3% Beer 13% Indian-made foreign liquor (IMFL) industry break-up Rum 20% Beer industry break-up Premium 1% Country liquor 48% Brandy 16% IMFL 36% Whisky 59% Standard 45% Strong 54% White spirits 5% Per-capita consumption: IMFL (ltr/p.a./person) 120 100 80 Per-capita consumption: beer (ltr/p.a./person) 140 120 80 Market share: IMFL and country liquor (%) 100 100 80 60 40 20 0 Brazil South Africa Hong Kong Philippines Indonesia Mexico Malaysia China Australia Taiwan Russia India Argentina Thailand Vietnam Egypt 60 40 20 60 40 20 0...
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...the culture of the countries they want to do business in. This paper discusses some detail Hofstede’s theory of cultural dimensions and how understanding the dimensions and as they relate to a specific culture can assist in determining a strategy for designing HRM policies to fit a particular countries culture. Although this paper will focus on India, you will be able to get a good idea of how the theory can be applied to any country with proper research of that countries culture. What is the definition of culture? It sounds like a very simple question, if you search the Internet, read books, talk to different people you will get different responses. However, if you pay close attention the answer is basically the same. To simplify things for the purpose of this paper I will use Merriam Webster Dictionary definition of culture: culture is the beliefs, customs, arts, etc., of a particular society, group, place, or time a particular society that has its own beliefs, ways of life, art, etc. a way of thinking, behaving, or working that exists in a place or organization (such as a business). From an HR/operations perspective understanding cultural differences is key to success in a global organization. This paper will focus on the Indian culture and the differences in US culture and the impacts on some HRM policies and approaches. Indian Culture and Business To fully understand the Indian culture would take some time. For the purpose of this paper I will focus on the business...
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...Reddy’s Laboratories Group 4: Abhishek Aggrawal Anik Bairagi Nishant Sawan Kumar Varun Saini 1 0911074 0911079 0911109 0911127 0911138 Global Pharmaceutical Market - Overview The increasing generics share and shift of the industry towards emerging markets is causing margin pressure on global pharma players and forcing them to invest in these new markets Global Pharmaceutical Market The pharmaceutical market was $ 820Bn in Other Patented 86% 83% 81% 79% 2009, growing at a CAGR of 9% over 200309 Generics is growing at double the rate of the Generics 2004 2006 2008 2010E total industry (18% CAGR), while Patented drugs market is growing at 7% India 1% Geographical Market Share Middle Africa 1% East 1% CIS 2% Others 12% US 42% Top 10 countries account for 73% of sales US accounts for 42% of the world sales While the US sales are growing at only 1-2% CAGR, growth in emerging markets is over 10% Latin America 6% South East and East Asia 6% EU 29% Source: Centrum Research Report on Pharma Industry 2009; 2 Key Growth Drivers for Global Pharmaceutical Market 1 Sluggish Growth in Mature Markets Economic slowdown leading to reduced healthcare spending Top brands’ patent expiries and very few new product launches Decentralization of government healthcare budgets. High healthcare expenditure by government 2 Faster Growth in Emerging Markets Broader public and private healthcare funding Greater...
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...ELI LILLY IN INDIA RETHINKING THE JOINT VENTURE STRATEGY Abhay Kishore – 01 Abhishek Kunal – 05 Anil Kumar Jadli – 11 J.Harish – 25 Khushal Malik – 28 Sharad Singh – 49 PHARMACEUTICAL INDUSTRY – Global Trend • • • • Mainly concentrated in the United States, Europe, and Japan Developing a drug from discovery to launch took 10 to 12 years. Cost of development of drug is between $500-$800 million. Drugs were strictly controlled by government agencies: o o o o Food and Drug Administration (FDA) – USA, CPMP – Europe 12% 8% North America Europe 38% 18% Asia Japan MHW – Japan DPCO & Indian Patent Act - India • • Size of industry : USD 960 billion in 2012. Few Firms control entire market (Oligopoly). 24% ROW • 4 Firms – Control 20% , • 20 Firms – 50-60%, • 50 Firms – 65-75% PHARMACEUTICAL INDUSTRY – Global Trend • Covered the chemical substance itself • Offered typically 20 years of protection • Usually a lag time of 1012 years by the time the patent was obtained and the launch date • Covered the method of processing or manufacturing the product • Very little protection because it was easy to slightly modify the process Global Issues in Pharma Sector • Prices in of the drugs varied in developed countries • US & Canada by factor 1.2 to 2.5. • Europe by factor 1.1 to 2.5. Parallel Trade: an outside company sells a patented product in a market not designated to sell the drug. o • Independent firm exploited parallel trade by using the differentials...
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...contentious global debate today is the obligations of the developed and the developing countries to take steps to reduce their carbon footprint. Though climate change is a danger for all countries-developed and developing alike, the quantum of responsibility for mitigating climate change is a debatable issue. There is a perceived divide between the obligations of the two worlds in which our planet is divided. The source of virtually all past emissions i.e. the developed world has a greater responsibility to take steps to reduce their carbon emissions substantially and help in stabilizing the environment which they disturbed to a large extent. This is the reason why they are subjected to binding targets of reducing their emissions by a set amount in all international agreements. However, the developing world is gearing towards development at a very fast pace and all development and industrialization pre-supposes the need of higher emissions. Due to this, the emission levels of this part of the world are bound to increase even more rapidly. Mitigating climate change in developing countries poses a fundamental challenge. For developing nations as a whole, reduction in emissions is not a viable option specifically in the short term. With per capita incomes far below those of developed countries—and per capita emissions almost one-sixth those of the industrialized world—developing countries will carry on stepping up their emissions as they strive to achieve high levels of economic...
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...The first Green Revolution has yet to reach large parts of the country - especially dryland areas, where poverty incidence and farming risk tend to be highest The Second Green Revolution is a change in agricultural production widely thought necessary to feed and sustain the growing population on Earth. These calls have precipitated in part, as a response to rising food commodity prices, and fears of peak oil among other factors India’s 2010-11 harvest was its largest ever, more than 240 million tons. The next harvest is expected to be even bigger. The government recently announced its target for year 2020: 400 million tons. Is this realistic? What changes would it require, in technology, policies and approach? And could these ideas be applied in other developing countries? To answer these questions, we first look at the Green Revolution of the 1960s and ‘70s, which transformed a chronically food-deficient country into the world’s second largest agricultural producer. Between the mid ‘60s and the mid ‘90s, food production more than doubled, while the intensity of hunger and poverty was cut by half. The Green Revolution was driven by greater use of inputs – irrigation, fertilizer, and high-yielding photoperiod-insensitive ‘dwarf’ varieties of wheat and rice. But what set it apart from similar but less successful efforts in other countries was the integrated approach, combining research, education, policy, institutions and services, backed by strong political will. THE...
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