...Executive Summary: Starbucks Corporation (NASDAQ: SBUX) is the world’s largest coffee producer and retailer, headquartered in Seattle, Washington. Starbucks offers a wide range of products besides coffee, ranging from pastries, snacks, and other hot and cold beverages. It also specializes in selling coffee products at groceries and retail stores. As a market entry proposal, the company aims to establish operations in one of the three following countries: Trinidad and Tobago, Dominican Republic, and Colombia, as it hopes to gain a strong ground on the booming coffee industry. Despite the close proximity of Starbucks to Central and Latin America, the company has been relatively poor in establishing markets in these regions. The first store was opened in Mexico City in 2002, followed by Lima, Peru in 2003. This region seems to be the perfect fit for Starbucks to expand due to the expanding Coffee production industry. The Colombian Coffee Bean offered by Starbucks is imported from Colombia and is one of the most successful products. Apart from the coffee industry, tourism holds tremendous promise for Starbucks to expand in this region, as approximately 20% of passenger traffic to the Caribbean region comes from the United States. These positive signs show great promise for Starbucks to expand its global picture and continue to remain as the world’s best coffee retailer. Company Overview: Time Out Magazine of San Francisco acknowledges the founders of Starbucks: Jerry Baldwin, Zev Seigl...
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...Introduction The republic of Trinidad and Tobago is one of the most flourishing in the Caribbean. Over the years the tourism has been on a steady rise and is an ideal target for expansion. As a result, Walt Disney’s business will be an innovation for the Caribbean country Trinidad and Tobago. Walt and Roy Disney established the Disney Company in 1923 which was back then known as the Disney brothers cartoon studios (Barrier 2007). Stationed in Burbank, California the Disney Company has produced a global presence and positive image in the hearts of its targeted audience (Galber, 2006). The Disney brand’s global presence helps make it easy to establish itself conveniently in any part of the world. This gives it huge potential in thriving countries such as Trinidad and Tobago, Brazil, India and etc. (Grover, 2004). With the Walt Disney Business, there are so many theme parks that have been produced under that company but the one that will be the most valuable to Trinidad and Tobago is Disney’s animal Kingdom theme park. I decided to go with this specific theme park to keep Trinidad and Tobago’s natural resources and this way I can bring a new experiences to the island. Economy Trinidad and Tobago is one of the wealthiest and one of the most developing countries in Latin America. It is listed in the top 66 high income countries in the world and had one of the highest GDP per capita of USD $20,300 in 2011(Coleman, 2011). Trinidad and Tobago has earned a reputation...
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...American International Journal of Contemporary Research Vol. 2 No. 2; February 2012 CLICO’s Collapse: Poor Corporate Governance Wayne Soverall1 Abstract The corporate collapse on January 30, 2009 of CLICO, the largest conglomerate in Trinidad and Tobago and the Caribbean, is the worst financial shock experienced by the region to date. Today, more than two years later, its devastating effects are still being felt as the government continues to struggle with the bailout to stabilize the financial system, mitigate contagion risk, and resolve the CLICO crisis. Even one year after the bailout, there was still no resolution of the crisis. In view of the intractable nature of the CLICO collapse, the People’s Partnership government that came to power on May 24, 2010 established a commission of enquiry to investigate the causes of CLICO’s collapse, the scope of the MOU, the cost of the bailout, and the failure to provide a bailout to the Hindu Credit Union (HCU) that collapsed in 2008. There are many questions that are still unanswered. What were the root causes of CLICO’s collapse? What corporate governance structures and practices precipitated the collapse? Did the bailout create moral hazard? Who or what was to blame for the collapse? What action has the government taken to date? What lessons have been learnt and, more importantly, how can this situation be prevented from being repeated in the future? This concept paper examines these questions, analyzes the evidence to find...
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...American International Journal of Contemporary Research Vol. 2 No. 2; February 2012 CLICO’s Collapse: Poor Corporate Governance Wayne Soverall1 Abstract The corporate collapse on January 30, 2009 of CLICO, the largest conglomerate in Trinidad and Tobago and the Caribbean, is the worst financial shock experienced by the region to date. Today, more than two years later, its devastating effects are still being felt as the government continues to struggle with the bailout to stabilize the financial system, mitigate contagion risk, and resolve the CLICO crisis. Even one year after the bailout, there was still no resolution of the crisis. In view of the intractable nature of the CLICO collapse, the People’s Partnership government that came to power on May 24, 2010 established a commission of enquiry to investigate the causes of CLICO’s collapse, the scope of the MOU, the cost of the bailout, and the failure to provide a bailout to the Hindu Credit Union (HCU) that collapsed in 2008. There are many questions that are still unanswered. What were the root causes of CLICO’s collapse? What corporate governance structures and practices precipitated the collapse? Did the bailout create moral hazard? Who or what was to blame for the collapse? What action has the government taken to date? What lessons have been learnt and, more importantly, how can this situation be prevented from being repeated in the future? This concept paper examines these questions, analyzes the evidence to find...
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...HOW TRINIDAD AND TOBAGO WAS GOVERNED BEFORE INDEPENDENCE Our Nation’s Attainment of Independence in 1962 marked the end of colonial rule that had started during the 16th century under the aegis of Spain and had continued when the British captured Trinidad. In the meantime, Tobago had its own uneven political history, changing hands from one European power to another whilst having its own bicameral elective legislature from as early as 1768. As Crown Colony governance became tighter from the mid-19th century that melancholy isle was deprived of its bicameral legislature in 1874 and in 1877 was made a purely nominative, one-chambered Crown Colony legislature. In 1889, Tobago was united administratively with Trinidad in order to reduce British expenses in the Caribbean and in 1899 the noose was further tightened when that colony was made a ward of Trinidad and Tobago. From the beginning of the 20th century, Tobago joined Trinidad in advocating freedom from colonial rule, becoming an integral part of the achievement on Independence in 1962. NATIONAL FLAG The flag of Trinidad and Tobago was adopted on August 31, 1962, and consists of a red background with a white and black band diagonally placed across the upper left corner to the bottom right corner. The two white stripes are symbolic of the bountiful sea, the red represents the people, and black represents their hard work and strength. COAT OF ARMS The shield of the coat of arms contains the same colors as the nation's flag...
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...Describe the three basic/core economic problems facing all economies. Economic problems emerge because our desire for goods and services to consume is greater than our ability to produce those goods and services. As humans, we have unlimited wants and limited resources. This is referred to as scarcity, which exists because there are insufficient resources to produce the goods and services to fully satisfy all wants. Another part of the problem is the fact that resources are not distributed evenly between countries and societies. As a result we are forced to choose among alternative options. For example, you might go into a shop and see two great-looking pairs of jeans but you only have enough money (resources) to buy one of them. Another example is that, a business might have received a major order for its products and wants to increase production but does not have the staff or the equipment and raw materials to meet the order in full. The above mentioned examples highlight the problem of scarce resources in relation to wants and needs. Because no economy can produce enough goods and services to satisfy all its citizens’ wants, choices must be made. The decision to have one thing over another involves a cost. Not a monetary cost, but what is known in economics as an opportunity cost, that is the next best alternative foregone. In other words, the cost of any choice that you make is the value of the best opportunity that you give up in order to make that choice. In an economy...
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...Question: Using the PESTEL Framework, identify which of the factors have impacted the sector in which your organization is categorized in your country. Use examples from the sector and your institution to support your response. ABC Government Primary School is a government primary school in south Trinidad. Primary school in Trinidad and Tobago is a seven year program comprised of two Infant classes: First year and Second year followed by Standards 1-5. Age of entry is five years old and students usually write the Secondary Entrance Assessment (SEA) examination in Standard 5 at age 11 plus. The SEA marks are used to place students at Secondary school. ABC Government Primary school falls into the Education Sector. Trinidad and Tobago has free education from Preschool to University for its citizens. The Ministry of Education Trinidad and Tobago is responsible for all teachers and administrators in government and government assisted schools. The ministry monitors and amends curriculum, provides teacher training and is also responsible for the maintenance of school buildings and equipment. The PESTEL framework is an examination of macroeconomic factors that would impact an organisation. The acronym PESTLE refers to Political factors Economic factors Social factors Technological factors Environmental factors Legal factors Each organization is affected by internal and external forces. The education sector and by extension Vos Government Primary school are also affected...
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...Death, dying and other ethical dilemmas Anand Chatoorgoon University of Phoenix Death, dying and other ethical dilemmas are issues that all Intensive Care Units (ICUs) throughout the world have to face and address. In the Current Opinion in Critical Care, Vol 16, No 6, December 2010, p. 640, Dixon-Woods and Bosk, writing on the topic of “Death, dying and other ethical dilemmas” under the journal’s section of ‘Ethical, legal and organizational issues in the ICU’, have stated that “Recent ethnographic work suggests that ethical dilemmas associated with end-of-life care in ICU clearly persist, even if clinicians are now more open about patients’ chances of surviving. An Australian study identified how decisions and actions made outside the ICU—such as proceeding with surgical procedures with very poor prognosis or admitting moribund patients who had sustained severe respiratory or cardiac arrest—led to a higher than expected rate of non-booked admissions. Staff believed these to be the result of futile interventions by staff outside the ICU that then resulted in ICU staff having to manage the patient and family through the dying process. ICU staff believed that this practice was detrimental to families by offering false hope of recovery, and that they were left to ‘clear up the unfinished work of medical staff’. Other studies have also documented the problems faced by staff confronted by patients whose potential for recovery is, at best, marginal, or when patients’...
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...Table of Contents 1. TITLE PAGE 4 EXECUTIVE SUMMARY 6 3. INTRODUCTION: 6 4. CONTEXT OF THE COMPANY: 7 5. WHAT IS CORPORATE GOVERNANCE: 8 6. THE PURPOSE AND BENEFIT OF GOOD GOVERNANCE: 8 7. GUIDING PRINCIPLES OF GOOD GOVERANCE: 9 8. REVIEW OF REPUBLIC BANK LIMITED’S CORPORATE GOVERNANCE: 9 8.1 Organisation Structure: 10 8.2 Republic Bank Limited’s Core Values: 11 8.3 Republic Bank Limited’s Code of Conduct and Ethics: 12 8.4 Corporate Social Responsibility (CSR) in Republic Bank Limited: 12 8.5 Policies and Procedures in Republic Bank Limited: 13 9. CONCLUSION: 13 10. RECOMMENDATION: 14 -15 11. REFERENCES: 16 12. APPENDICES: 17 Appendix I 17 Appendix II 18 Appendix III 19 - 20 Appendix IV 21 - 22 Appendix V 23 TO: THE CHAIRMAN, REPUBLIC BANK LIMITED FROM: CONSULTANT DATE: 03RD MARCH, 2014 SUBJECT: IMPROVING CORPORATE GOVERANCE IN REPUBLIC BANK LIMITED 2. EXECUTIVE SUMMARY It has been established that Organisations need to have a Competitive Advantage to remain viable and profitable. In order to accomplish this, one (1) essential tool is good Corporate Governance. This paper first identifies what good Corporate Governance entails then reviews the Corporate Governance process of Republic Bank Limited (a local banking organisation) utilising the tools, concepts and theories of the governance process identified. Some recommendations have been made to further enhance what the bank currently practices. 3. INTRODUCTION: The extent...
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...continued pursuing his education at the University of London. Here, his mind was set on serving his emerging nation, because as a teenager, he witnessed the horrors of the Great Depression and the Second World War, which spared neither king nor commoner. The economic state of the world influenced him to study law, specializing in constitutional law. He was called to bar at Gray’s Inn London in 1941, he then returned to Port-Of-Spain, Trinidad to start his private practice. Clarke served as Solicitor General from 1954-1956, Deputy Colonial secretary 1956-1957, Attorney General 1957-1962, along with serving in the cabinet as a constitutional advisor. After independence, in 1962 he served as an ambassador to the United States, Canada and Mexico, and a Permanent representative to the United Nations. When Trinidad and Tobago became a Republic in 1976, Clarke was unanimously elected to be the country’s first President, by the President Electoral College. He held this position until he completed his second term in office in 1987. Ellis was awarded a knighthood as a knight Grand Cross of the order in 1962. Although he ceased to use the title “Sir.” after the country became a republic; since retirement from the presidency, he has re-adopted his title and has generally been referred to as “Former President, Sir. Ellis.” His Leadership...
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...Corruption and Development Making the link between corruption and development: An Appraisal of Selected SIDS Genève Phillip (Ms) University of the West Indies Author Note Ms. Genève Phillip, University of the West Indies, St. Augustine Campus, Trinidad and Tobago c/o Head, Department of Behavioural Sciences, Faculty of Social Sciences E-mail: geneve.phillip@sta.uwi.edu/genphillip18@yahoo.com Abstract: The development strategies of small island developing states have promoted extensive, ongoing and intense debate in academia. In assessing the political economy of SIDS it is useful to note not only the factors that give way to development but also the ones that impede it. While a variety of models have been used to describe the development strategies of SIDS, the extent to which some of these models have been able to adequately capture the major constraints to development in Caribbean SIDS is questionable. Having said this, the overarching argument in the discourse which follows is that corruption can be a major hindrance to the development efforts of Caribbean SIDS. In addition to this, an investigation will be launched into the impact that corruption has had on the development of Jamaica and Trinidad and Tobago. For all intents and purposes, the selected duo consists of one largely homogenous state and one heterogeneous state which will be juxtaposed to determine whether any similarity exists in the degrees of corruption in both countries. The model...
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...COMMERCIAL BANKS Commercial banks are important financial intermediaries serving the general public in any society. In most cases, commercial banks hold more assets than any other financial institution, in some cases, even more than Central Banks. Apart from their many functions, commercial banks facilitate growth and development. They lend in many areas or sectors of the economy. Viewed from the real sector, they contribute to investments, employment creation, and by extension the process of economic growth. In Trinidad and Tobago there are 8 commercial banks as follows; • Bank of Baroda (Trinidad and Tobago) Limited • Citibank (Trinidad & Tobago) Limited • FirstCaribbean International Bank (Trinidad & Tobago) Limited • First Citizens Bank Limited • Intercommercial Bank Limited • Republic Bank Limited • Scotiabank Trinidad and Tobago Limited • RBC Royal Bank (Trinidad and Tobago) Limited There are many other institutions such as credit unions, development banks, mutual funds to name a few. However, notwithstanding this commercial banks can be described as the head of the financial system. They are by far the largest mobilizers of savings and providers of loanable funds. They now account for over 50% of the total assets of the financial system and far more than half of the financial savings of the domestic economy. (See Table 1) Assets of the banking System (2001-2008) [pic]With all these resources...
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...Executive Summary This report seeks to explore communications at Republic Bank Trinidad Ltd. Communications would include internal(interdepartmental, intradepartmental, executive communication) and external. These communication would encompass formal and informal methods. Interdepartmental Communication Interdepartmental communication is very important to all organizations. Republic Bank Ltd as a bank would have to foster efficient communication as financial information need to be timely and accurate. On a daily basis information would need to be communicated across departments for the running of a bank. Information on a customer’s transactions may be requested by a loans officer. Communication would in most cases would be formal but some cases it would be informal and later documented to be formal. Intradepartmental Communication Within departments information needs to be shared so that departments do not have contradicting information. In the department managers would employ downward communication, through instructions, to employees while employees would engage in upward communication, through reports to managers. Formal communication would be most used through manager to employee relations. Whereas informal communication would more be conducted from employee to employee. Executive Communication Executive communication occurs when information from senior manager disseminates down the chain of command. Executive communication seeks to transfer senior management’s vision...
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...Mission statement analysis [Type the document subtitle] Department of Management Studies COURSE TITLE Strategic Management PREPARED FOR Abu Sayef Md. Muntaquimul Bari Chowdhuri Lecturer Department of Management Studies Jahangirnagar University PREPARED BY: Knights Sl No Group Members ID 1. Tasnia Zannat 682 2. Md. Mazharul Islam 708 3. Md. Monirul Islam 716 4. Rabbir Rashedin Tirno 717 5. Md. Mahfuzur Rahman 721 6. Mahedi Akbar 1960 Group leader: Mahedi Akbar (1960) Date of Submission: 13th March, 2015 Jahangirnagar University Savar, Dhaka Letter of Transmittal 13th March, 2015 Abu Sayef Md. Muntaquimul Bari Chowdhuri Lecturer, Department of Management Studies Jahangirnagar University Savar, Dhaka Subject: Submission of the report on “Mission statement analysis.” Dear Sir, It is an honor and great pleasure for us to submit our report on “Mission statement analysis” During the process of preparing the report, we get the chance of experiencing and rediscovering our potentials. This report gave us an opportunity to apply our theoretical expertise, sharpen our views, ideas and communication skills, which will help us in our future professional career. We hope that this report will be up to your expectation and draw your appreciation. If you have any question or inquiry regarding this report, please contact with us. We are looking forward to receiving your comments and suggestions on this report...
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...REPUBLIC OF TRINIDAD AND TOBAGO MINISTRY OF EDUCATION SECONDARY EDUCATION MODERNIZATION PROGRAMME DRAFT SECONDARY SCHOOL CURRICULUM Form Three Mathematics Curriculum Development Division October 2003 TABLE OF CONTENTS About this Draft i Foreword – A Note to Teachers iii Acknowledgements v PART ONE Introduction 1- 1 The Curriculum Underpinnings 1- 2 Philosophy of Education 1- 3 The Goals of Education 1- 5 The Essential Learning Outcomes 1- 6 The Curriculum Design and Development Process 1-11 PART TWO - CURRICULUM CONTENT Vision Statement 2- 2 Rationale for the Teaching and Learning of Mathematics 2- 3 Goals of the Mathematics Curriculum 2- 4 General Intended Outcomes For Forms I, II, and III. 2- 5 Connections to Other Core Curriculum Areas 2- 6 Framework for Mathematics for Forms I, II and III 2- 9 A General Curriculum Framework 2-11 Course Outline for Form III 2-12 PART THREE - STRATEGIES/METHODOLOGIES Teaching and Learning Strategies 3- 2 Suggested Activities 3- 6 Suggested Resources 3-15 PART FOUR - EVALUATION Elaboration of Assessment and Evaluation 4- 2 Evaluation Tools and Strategies 4- 5 Cross-referencing to Teachers’ Guide 4- 7 BIBLIOGRAPHY 4- 9 ___________________________________ i ABOUT THIS DRAFT Under the umbrella of the Secondary Education Modernization Programme (SEMP), since the latter...
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