... | |Italy | | | |17.11.2011 | Italy´s current economic situation and its prediction for the future Macroeconomics 2 Take the art works of Botticelli, Leonardo da Vinci, Michelangelo, Tintoretto and Caravaggio, the operas of Verdi and Puccini, the cinema of Federico Fellini, add the architecture of Venice, Florence and Rome and you have just a fraction of Italy's treasures from over the centuries. While the country is renowned for these and other delights, it is also notorious for its precarious political life and has had several dozen governments since the end of World War II. In my report I would like to look at current situation of Italy, especially economy and some predicting for the future. Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises. Italy is the fourth largest European economy and...
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...The article Wielding Derivatives as a Tool for Deceit by Floyd Norris, a writer for the New York Times, talks about how derivatives can be used as “weapons of mass deception”. Enron is a classic example of this. They used phony accounting methods, including derivatives, to make their financial statements seem stronger and less risky than they actually were. The banks, that were essentially giving them loans, were also involved in this scheme. The latest news of large-scale use of derivatives to deceive is the case of Italy and Greece entering into the Euro. The government received money, which was essentially a loan, but was able to keep it off the balance sheet because of its title. This made the financial statements look better so that the country could join the Euro. The article compared this to a student cheating on entrance exams to be accepted into a better college. This article brings into question the moral and ethical decisions businesses must make regarding their financial actions. Just because something is technically legal to do, does not mean it is ethical. Key individuals, who are in charge of what a business does, need to be involved and knowledgeable enough to understand when something like this is happening. If the business is doing something to deceive others, it is probably something they shouldn’t be doing. June 27, 2013 Wielding Derivatives as a Tool for Deceit By FLOYD NORRIS Derivatives are not always “financial weapons of mass destruction,” as...
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...Country Brand Management Italy Report 2012 CONTENTS Introduction 1 Strength Italy is situated is the center of the Mediterranean Sea. The main strength of geographical location is that Italy belongs to the coasts of four different seas (Adriatic Sea, Ionian Sea, Tyrrhenian Sea and Ligurian Sea). There are two large mountain ranges in Italy: Alps and Apennines. It is a big plus for tourism sector of the country. Tourism is one of the fastest growing and profitable sectors of the national economy. Italian climate is very different. It is comfortable to travel to this country in every season. If it is summer you can relax in a seaside resorts or take a rest near different lakes. Also in summer you can mountaineer. In winter it is possible to skiing. In autumn and spring you have an opportunity to visit the famous cities of the world cultural heritage. Cultural heritage is another strength side of Italy. Italian culture has a rich history that includes art, classic architecture, popular traditions, and customs. Includes links to trends in Italy today as well as resources on folklore, history, and artistic traditions. Italy has many environmental problems and it took a long time to confront these. One of strengths in this sphere is that now Italy is one of the world leaders of producing renewable energy. Italy is a member of European Union (EU), of the North Atlantic Treaty Organization (NATO) and also of many international organizations...
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...money. In addition, Libyans spend 89.75% less money on health care, consume more oil, die 1.94 years sooner, and are 3 times more likely to have HIV/AIDS than Germans (ifitweremyhome.com, 2013). Germany ranked third in the number of immigrants in their country which is 15 times more than Libya who ranked 55th (nationmaster, 2013). One reason for this immigration gap is anti-government protests that started in February 2011 to stop Moammar Gadhafi’s 42 year reign that turned violent and led to chaos in Libya. This chaos would later cause hundreds of thousands of immigrants to flee to neighboring countries because Moammar Gadhafi’s regime were violently attacking its own people: “But post-uprising conditions in Tunisia are mild compared to reports this week from Libya, where Gadhafi's security forces have fired on protesters as well as on guest workers who have now started to flee across the borders into Egypt and Tunisia.” (Spiegel International, 2013). Furthermore, Monika Luke who is the head of the Amnesty International is asking other countries especially Germany since it is the largest and...
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...Boswell Technologies is a computer software development firm located in Akron, Ohio. Michael Carl, vice president for human resources at Boswell Technologies, has just returned from San Benedetto, Italy. It seems that Boswell is soon going to become Boswell International. The company has just acquired a successful software firm located in San Benedetto. The purpose of the acquisition was to quickly allow Boswell to become a premier supplier of new and innovative computer software in Europe. On his first day back in Ohio, Michael has been called into the office of Boswell’s president, David Randolf, to give a status report. David Well, Mike? How soon can we get our management team into place over there in Italy and phase out their current staff? I’ve heard how slow and inefficient Italian businesses are, and I don’t want to waste time getting our company’s policies in action. Maybe we can get a head start on the European competition with good old American know-how. It’s not going to be that easy, Dave. I think it might be a mistake to send our people. The Italians have an excellent sense ofBoswell Technologies is a computer software development firm located in Akron, Ohio. Michael Carl, vice president for human resources at Boswell Technologies, has just returned from San Benedetto, Italy. It seems that Boswell is soon going to become Boswell International. The company has just acquired a successful software firm located in San Benedetto. The purpose of the acquisition was to quickly...
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...ENRICA LEXIE INCIDENT: INTERNATIONAL CASE BETWEEN ITALY AND INDIA Author: Manuele Scardaccio The Enrica Lexie incident of 15 February 2012, off the coast of Kerala had attracted unprecedented attention in all the world. The legal issues involved in bringing the Italian marines to justice for the killing of two Indian fishermen on board an Indian fishing boat in a shoot-out from Enrica Lexie, an Italian flagged commercial boat, in the contiguous zone of India had been the subject matter of legal dispute before the Kerala High Court and the Supreme Court of India. The judgments of both Kerala High Court and the Supreme Court of India in regard to the Enrica Lexie incident dealt with the legal aspects of coastal state jurisdiction and the sovereign immunity available to the Italian marines under international law and the national law extensively. The views of the Supreme court on the coastal state jurisdiction with regard to Enrica Lexie incident appears to be final, despite the Court having allowed the Italian marines to re- agitate the jurisdiction issue in the Special Court, which will try the crimes committed by the Italian marines from Enrica Lexie . The investigation of the Enrica Lexie incident is now destined to go to the Special Court once the investigation is completed and charges are laid. The legal aspects of other post judgment developments such as Italy’s initial refusal to send back the Italian marines for trial in India and the consequential order of the Supreme...
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...Gaetano De Pasquale EDUCATION 2016 2006 SDA BOCCONI, Milan, Italy Master of Management in Food & Beverage BUSINESS AND ECONOMICS UNIVERSITY, Perugia, Italy BA in Tourism Business Management Specialization: Hotel and Restaurant Management Exchange program: Deusto Business School, Bilbao, Spain PROFESSIONAL EXPERIENCE 2011 - 2016 COSTA CRUISES S.P.A, Genoa, Italy Italian cruise company Bar Supervisor ▪ Managed multidisciplinary team of 110 bar staff of different cultures on board cruise ships with 4500 guest capacity ▪ Supervised operations of 20 Bars. Increased revenues by 15% through use of report analysis to promote higher margin products ▪ Directed 12 different mentor programs to provide training in sales procedures and public Health compliance to over 100 participants ▪ Minimized refund errors by 30% through enhancing staff competency in bills accounting and service recovery ▪ Reduced inventory cost by 20% of beverage department by evaluating trend of consumption and purchase behaviors ▪ Managed and forecast stock inventory for 99 days world tour itineraries. Ensured full availability of product range whilst minimizing excess stock Start-Up Costa Diadema, Fincantieri Shipyard Construction, October 2014: ▪ Supervised construction of 20 Bars and Lounges and introduced 4 new concepts to increase revenues by 20% 2008 - 2010 COSTA CRUISES S.P.A, Genoa, Italy Italian cruise company Onboard Tour Specialist & Port Lecturer ▪ Coordinated multi-channel...
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...Germany, Greece and Italy. French President Francois Hollande called on Washington to “immediately” cease espionage activities targeting France. “France cannot accept such behaviour between allies and partners. There are enough elements for us to demand explanations,” Mr. Hollande said during a trip to Brittany, northwestern France. Mr. Hollande thus became the first Head of State to speak out openly about the spying allegations. Mr. Hollande became the first European Head of State to directly attack the proposed Europe-USA free trade agreement saying “There can be negotiations, transactions in all fields, only once France has obtained these guarantees — and this goes for the rest of Europe and other partners of the United States,” Mr. Hollande said. Earlier French Foreign Minister Laurent Fabius called on his American counterpart Secretary of State John Kerry to make a stopover in Europe on his way back from the West Asia. “Mr. Kerry should contact us immediately so we can have the required information and explanations,” Mr. Fabius said. France is particularly outraged because press reports say the U.S. spied on the French mission in Washington and at the United Nations. The former was baptised Wabash while snooping operations against the French U.N. mission were called “Blackfoot”. The operation against the Italians and the snooping operations against the Italians went under the code name “Bruneau”. The Guardian’s revelations that France, Italy or Greece were described...
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...Assignment Cover Sheet |Family Name: |First Name: |Student ID Number: | |Nguyen Da |Huong Quynh | | |Course: SNHU2010 | |Unit Code: |Unit Title: | |Eco 322 |International Economics | |Assignment Title: | |Application of theory to study of trade | |Name of Lecturer: |Place of Lectures: | |Nguyen Thanh Tung | | |Date Submitted: |Student...
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...Giovanni da Verrazzano was an Italian explorer who explored the Atlantic Coast of North America. Giovanni da Verrazzano was born near Val di Greve, the year of 1485. His parents are Piero Andrea di Bernardo da Verrazzano, and Fiammetta Cappelli. Giovanni da Verrazzano had one sibling which is Girolamo da Verrazzano. As a young boy, Giovanni Da Verrazzano studied in Florence, Italy, and was well-educated and excelled in math. Around 1506 Giovanni da Verrazzano began pursuing his maritime career. Giovanni also discovered New York Harbor, in 1528, which now has a bridge spanning it named after Giovanni da Verrazzano. Between 1507 and 1508 Verrazzano went to France. While he was in France, he met King Francis I. King Francis I, of France, soon became his sponsor. And Verrazzano would explore and be in the service of him. King Francis I sent Giovanni to explore the East coast of North America to find another route to the pacific. Giovanni da Verrazzano was introduced to exploration and adventure at a young age. First he headed to Syria and Egypt, which were places that were considered impossible to reach during that time. He came into contact with...
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...CHAPTER 1 Italy in the early nineteenth century INTRODUCTION In September 1870, the troops of King Victor Emmanuel II of Italy entered Rome. Italian unification, the bringing together different states of the Italian peninsula under one government, was complete. The Risorgimento, the reawakening of Italy, had reached its climax. However, the creation of the new Italian state was neither inevitable nor had it been planned. Although Italian unification had taken place, there was little enthusiasm for the new state among the Italian people. In 1861, an Italian politician named Massimo d’Azeglio remarked to Victor Emmanuel: ‘Sir, we have made Italy. Now we must make Italians.’ The story of what follows is of how Italy was made, but it is also a story of division and the failure to ‘make Italians’. THE STATES OF THE PENINSULA Towards the end of the eighteenth century the peninsula of Italy was home to a number of states. The Kingdom of Sardinia (Piedmont) From its capital city of Turin, the House of Savoy ruled this relatively poor part of Italy. Despite its poverty, successive rulers built up a strong army and governed with an effective civil service. The island of Sardinia was particularly backward and was sparsely populated. Until 1815, the important port of Genoa was part of the Republic of Genoa. It was politically separate from the Kingdom of Sardinia. Lombardy and Venetia In the 1790s, Lombardy was part of the Austrian Empire. Its capital, Milan, was the second largest city of that...
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...A., analyzes the company’s three regions (France, Italy and Span) and their regional manager’s business performance against the set profit plan for FY 2009. Additionally, the case also raises the question of whether the traditional approach of paying 2% of corporate profit as bonus will work or not. The situation is that the thee different regions have three different actual return figures and there are several first time situations that Jaques Trumen, CEO and major shareholder of Compagnie du Froid, S.A., is facing. The points in FY 2009 that grabbed our attention are: a) Spain posted a dismal performance that effected the overall corporate performance b) France had done extremely well with over 20% growth from previous year c) Italy region met all the set profit goals (targets) and was able to expand further d) The company had done inter transfer of goods between two regions, from France to Spain, based on cost plus method of transfer pricing e) France entity had expanded into a new venture of distribution arrangement, which was not a part of Compagnie’s core business All the above factors along with the unique circumstances that led to Spain’s dismal performance call for right criteria to be developed to assess the three entities business performance in-place of the current profit plan. Evaluation of each of three businesses and their respective managers are given below: Spain: The financial reports suggest that the Spanish region posted a staggering...
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...THE IDEA OF ETHICS AND THE EUROZONE CRISIS Prepared for: Ms. Homayara L. Ahmed Assistant Professor Prepared by: Bijon Islam (Roll: 21) Faruk Ahmed (Roll: 20) EMBA 14th Batch IBA, Dhaka January 04, 2012 January 04, 2012 Ms. Homayara L. Ahmed Assistant Professor Institute of Business Administration University of Dhaka Sub: Term Paper Submission- The Idea of Ethics and the Eurozone Crisis Dear Madam: Thank you for giving us the opportunity for working on such an exciting topic. Looking at the Eurozone crisis from an ethical perspective reveals several insightful and interesting insights including a look into the idea of equality among the member states, financial camouflage practices and the focus on immediate gains both in private sector and at national level. We have tried to map out such factors that have contributed to ethics mismanagement among the euro member states which have finally culminated into the crisis. We hope that you enjoy reading this paper as much as we did writing this and look forward to your views. Please feel free to contact us anytime if you feel the need for any additional support that we may provide. Kind Regards Bijon Islam – Roll 21 (EMBA 14) Faruk Ahmed – Roll 20 (EMBA 14) pg. 1 CONTENTS EXECUTIVE SUMMARY ...................................................................................................................................................3 1. A. B. C. D. E. 2. A. B. 3. A. B. C. D. E. F. 4. 5. 6. THE STORY...
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...In: Business and Management Armani Assignment by :Chandandeep SINGH Executive Summary This is a critical assessment of Giorgio Armani 'The Leading Fashion Brand'. In this report there would be the critically review of the current status of the organisation. There would be the analyse of current business strategies of the organisation and would try to develop a future strategy for the company. Content Pages Title page1 Executive Summary2 Content summary3 Introduction4 Current position5 The Brand segmentation5.1 BCG Matrix5.2 SWOT Analysis7 Competitive Advantage 7.1 Competitors7.2 PESTLE Analysis8 Market Philosophy8.1 Market Analysis8.2 Bargaining Power9 Future & Recommendations9.1 References 10 Introduction Armani is one of the worlds leading fashion brand. The Armani group has 250 outlets in 37 countries. Giorgio Armani the founder of Armani brnad was born on July 11, 1934 in Northern Italy. Giorgio Armani worked as a buyer for ''La Rinascente'' department store for seven years. Then he worked as a fashion designer for Hitma, Nino Cerroti's men's clothing company. Armani established his own company ''Giorgio Armani'' on July 24,1975 with his partner Sergio Galeotti. And by the end of the decade Armani fashion house has been counted in worlds leading fashion house. Current Position Today Armani organisation has a great retail network around the world. It has its own 60 Giorgio Armani Boutiques, 11 Collezioni, 122 Emporio Armani...
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...European Crisis and its effect in the International Market After the Second World War, the world was in search of a new alternative to stop with the horrific wars between nations. In 1950, France, Italy, Germany, Luxemburg, Belgium and Netherlands joined in order to obtain peace, protectionism and economic advantage. It was the foundation of the current European Union. This significant moment in history was followed by a remarkable transformation around the world: the globalisation of the market. Globalization was described by Joseph Stiglitz (2002) as “the removal of barriers to free trade and the closer integration of national economies”. This new reality, from local to a global market, made businesses and countries adapt themselves forcing the implementation of new alternatives to survive against international competition and to get economic strength in this new aggressive world. Market competition was no longer limited to country’s borders but it was also suffering from foreign rivalry. The European Union’s countries members were integrated with the purpose to be a unique market being the world major regional trade cooperation. Since its foundation, the Europe Union have been engaged in this integration and it had demonstrated strength in the implementation of a free trade area, controlling a large part of the international market. Although the history of Europe Union had appeared to be a history of success of integration and cooperation, in the last two decades...
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