...Shadow vs. Market Prices in Explaining Land Allocation: Subsistence Maize Cultivation in Rural Mexico Aslıhan Arslan No. 1469 | December 2008 Kiel Institute for the World Economy, Düsternbrooker Weg 120, 24105 Kiel, Germany Kiel Working Paper No. 1469 | December 2008 Title* Author Aslihan Arslan Abstract: Economic models of land allocation may lead to expectations for farmer response that “surprisingly" do not materialize, if market prices fail to reflect the value of farmers' product. “Shadow prices" rather than market prices explain resource allocation better for farmers who attach significant non-market values to their own crops. I extend the theoretical model in Arslan and Taylor (2008) to explain why the land allocation of such farmers may not respond to market signals even if transaction costs are not binding. I estimate the proportion of land subsistence maize farmers allocate to traditional versus modern maize varieties using nationally representative rural household data from Mexico – the center of diversity of maize. I conclude that shadow prices explain land allocation better than market prices and discuss the importance of non-market values in understanding both farmers' supply response and on-farm conservation of traditional crops with non-market values. Keywords: Land allocation, shadow prices, non-market values, traditional crops, on-farm conservation, Mexico JEL classification: O12, O13, Q12, Q39 Aslıhan Arslan Kiel Institute for the World Economy...
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...Jyn Allec R. Samaniego HNF 61 Z Mam Ma-Ann Zarsuelo May 7, 2015 Position Paper: Western Medicine versus Traditional Medicine The Limitations of Traditional Medicine from the Needs of the Society In this time of modern technologies, we have found new ways of treating and curing disease. However, traditional medicine that was derived from old cultures is still available. Some people still prefer this kind of method, but some stick to conventional one which is the western medicine. Western medicine is related to scientific method and emphasize measurable biochemical processes that drive disease, treatment and health. It relies on new modern technologies to alleviate disease and cure symptoms (“knowledgewharton”, n.d.) On the other hand,traditional medicine is the sum total of the knowledge, skills, and practices based on the theories, beliefs, and experiences indigenous to different cultures, used in the maintenance of health as well as in the prevention, diagnosis, improvement or treatment of physical and mental illness (Qi,n.d.) Is it still better to use traditional medicine? It may be natural, has less side effects and holistic but I think that is too old and slow compared to the western medicine which is more accurate, more advanced and is readily available. Traditional medicine may heal you but it is not optimized for effectiveness. It also takes time before it works. It may also contradict to your condition and may not be effective (“holistic”,n.d.) Specially...
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...Marketing with Traditional Marketing Marketing—the action or business of promoting and selling products or services, including market research and advertising—is a powerful tool for attracting customers and promoting a business. (Chapman/Businessballs) There are many types of marketing strategies and mediums through which different companies implement the practice of marketing. This paper will shed a light on traditional and online marketing, highlighting the very concepts along with the pros and cons of each type of marketing. The history of marketing is divided into two phases; the development of marketing theory, and the development of marketing practice. The history of marketing theory deals with the evolution of different...
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...Analysis * Success strategies * Market Segmentations * Findings & Understandings India's Jewellery Industry: * Indian gold jewellery market~Rs. 60,000 crores Annually * Indian wedding jewellery-~70% of jewellery market * Wedding trousseau consisting of at least 5 pieces~$2,550 where per capita income was~$350 Tanishq – SWOT Analysis: * Strenghts Capital Flexibility Innovative Modern Style Excellent & outstanding advertisement strategy * Weaknesses 'Not for me' Gold Purchase Rituals Gold Perceptive * Opportunities TATA Support The Wedding Market Globalization * Threats Goldplus Local Jewelers Gold Significance Government Regulations Goldplus SWOT Analysis: * Strenghts Marketing Strategy TATA Support Traditions & Values * Weaknesses Limited Outlets * Opportunities Outlets The Rural Market * Threats Tanishq Government Regulations Design Stealers Vision of Undisciplined Boy! Problem Analysis : * Heavy Competition * Failure of Gold watches * Failure to tap wedding Market * "Not for Me "perception * Internal conflicts between Tanishq and Goldplus Succesful strategies : * Complete positioning * Introduction of studded Jewellery * Very high promotion & advertising * Pioneering the Karatmeter * Elimination of traditional middlemen Traditional system Vs. Tanisq system : Traditional System Included – Jewellers, Vendor or...
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...Imperialism Bigger push for imperialism Ends in 1918- why? WW1 is over, Russian Revolution taking place What replaces it? “The Modern Age” parallels “Return to Normalcy” what does that mean? Science better at understanding the world than religion Individuals have the right to choose their own lifestyles Women control their minds and bodies More rights for minorities? Reactions? The New Traditionalists God trumps science Bible is the ONLY source of morality Women are subservient to men Immigrants are subservient to white Anglo-Saxon men 1920s The New Era The Roaring Twenties Rise of automobile, gangsters, rise of the radio & other gadgets and appliances The Jazz Age Clash of old & new values The Economy after the war… Switch from war to peace initially difficult Gets re-cranked up by 1922-1923 United states’ industry still intact after war, unlike Europe Becomes world’s top producer of consumer products Middle class expands greatly What about the lower classes? Same problems as before Too much prosperity for middle class to care!!! Rise of consumer spending on new fangled items Luxuries become necessities Auto Industry Urban and rural more closely connected Changes social mores Mores= social values Related businesses expand too Becomes dominant American business Why? Advertising in the Modern Age New focus-???? New target-???? Does this work?- yes New Religion, Old Religion Liberal Christianity Fundamentalism ...
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...------------------------------------------------- Summary: Results focused Sales professional with a 5 year proven track record in management of outdoor sales teams. Recognized for the ability to implement marketing strategies within sales techniques to uplift brand awareness and brands’ image. Skillful in finalizing high end sales calls and building up promotional strategies with Modern Trade and Traditional Trade Channels. Acknowledged to enhance strong relationships with Decision makers, key people, and fellow workers through Clients, Principals, and throughout the company. EMPLOYMENT HISTORY Sales Manager May 2012 – Present Gulf Trading Est.- Lebanon Regional Sales Manager Western Province Sept 2011 – May 2012 United Group – Kingdom of Saudi Arabia A Leader in Food industry Manufacturing and distributor of main FMCG in Modern Trade business and Traditional Trade business. Designed and implemented strategies for the largest region for the company. Finalized personally Business agreements with high end accounts like PANDA, Raya Hypermarkets, Bindawood, Danube and others. Expanded traditional trade accounts to include major TT accounts in the region, with concentrating on Remote regions like Taif, Mecca, Medina, South, North. (As Jeddah city had a complete coverage.) I. Responsible of Sales activity of a brand Portfolio of 24 Global Brands with a year target of 33million Riyals such as: PYREX (Household) ARCUISINE (Household) KEEBLER (Household) ...
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...Supply chain model at Amul GCMMF- Gujarat Co-operative Milk Marketing Federation MUs- Member Unions VCs- Village Co-operatives The farmers bring the milk to the village cooperatives in their bicycles. The milk is then channelized to the member unions located in various states in India. These member unions are independent organizations involved in the process of milk production. The head office of GCMMF is located at Anand. The entire market is divided into five zones. The zonal headquarters are located in Ahmedabad, Mumbai, New Delhi, Kolkata and Chennai. Moreover there are 49 depots located across the country and GCMMF also caters to 13 export markets. Amul has an excellent distribution channel. As milk is a perishable product and Amul is spread all over India. It has a robust logistic system consisting of milk vans, tanker lorries and rail wagons to supply its finished products to various parts of the country. Distribution channel in Amul FARMERS FARMERS VCs (without chilling units) VCs (without chilling units) CONSUMERS CONSUMERS CONSUMERS CONSUMERS Retailers Retailers Home delivery contractors Home delivery contractors Wholesalers/ C&S Wholesalers/ C&S Warehouses Warehouses Chilling units Chilling units Milk processing units Milk processing units Local residents Local residents Local Restaueants Local Restaueants VCs (with chilling units) VCs (with chilling units) First of all the products are stored with the warehouses...
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...I was very intrigued by the idea of bubbles, how a good can become the leading product in the market that everybody wants with such high demand then suddenly it falls because everybody starts selling. This type of activity in the market can easily cause a collapse in the economy especially if it is dominating the public (everybody is trading in it). The Tulip bubble also known as Tulip-mania was the most interesting to me, because of the price it got to. At the peak of tulip mania, in March 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman this equates to the price of mansions and fine art in modern times. I was never clear to me why this would happen, if you think about it now, if I saw that this was going on then I would grow my own tulips because it was worth so much money. Eventually that's what everyone did until the most expensive tulip in the world failed to sell. this caused everyone to lower their prices because their was over production which then lead to the collapse of the tulip industry and ultimately the collapse of the Dutch economy. The wealthiest of the wealthy became the poorest of the poor, people that were lucky were the ones that managed to sell before the crash. A modern example of a bubble I believe would be the real estate market. It is believed that the main cause of the 2007 crash is the Real Estate market and that is why people borrowed so much money that they couldn't pay back. The Real...
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...Hollywood VS Bollywood Bombay is the largest city in world. Also its economic in power support Indian film industry become one of the largest movie market in world. With the support of the Indian Government and the movie industry. The Indian movie become popular all over the world and be accepted by people from different parts of the world. The unique Indian culture is also the reason making the bollywood movie dynamic. In another hand. Hollywood film has been an important part of our life by and by.and almost every people watched many Hollywood film. Like the Hollywood coverage of the American culture,the culture over the Hollywood culture exhibiton highlighted the gap between scholarly trends and popular understanding of history. The advantage of Bollywood film is that its story including the emotional elements which makes audience get touched easily. Besides,The Indian traditional dance and music in the film also consists the typical bollywood film. For example . An famous Indian movie “DDLJ” ,girl meets guys and girl begin to sing and dance inexplicably,hundred of people singing together ,the location from village in India transfer to the Alps in Switzerland Suddently. These are typical plots in Indian movie but its music and dance have attracted many audience. Give a example,“Bombay Dreams” telling a traditional love story. Even though its story is old fashioned but as a musical film,Its music have combined traditional Indian music and a lot of pieces of western...
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...Track the Tanishq campaign since 1995 till date. The campaign for the Tanishq brand over the years have undergone a lot of experimentation and changes, both dramatic as well as subtle changes to create the current image of that of India’s only truly national jeweler that sold gold and gem-studded jewelry in boutiques across the country. Tanishq as a brand emerged from the Titan Industries, which was instrumental in bringing a paradigm change in the Indian Watch Industry by being the first Indian Company to introduce the Quartz Watches. It had entirely changed the market scenario over a period of ten years subsequent to its entry. By the year 1995, Titan Industries was keen to launch a new design watch targeted at the very high end consumer market segment. This gave the birth of Tanishq- as the Jewelry Watch Brand. This was a brand pegged as an ego satisfier, above the mundane and utilitarian. However the Jewelry Watch Brand concept did not click with the consumer as it was perceived to be clunky in design and highly overpriced. In 1996, brand Tanishq was therefore used to offer an entirely new product range to the consumer. This was Precious studded Jewelry. Underlying logic was the possibility of capitalizing on the high pricing of studded jewelry compared to plain gold jewelry, where the gold as a commodity mindset, of the consumer did not allow too many pricing options. However selling studded jewelry required a paradigm shift of the consumer mindset because...
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...1) Brazil is home to the second largest male shaving preparations market, led by shaving gels/lotion category. Russia leads the male shaving preparations market in terms of value among the BRIC nations. China is set to be the most lucrative investment destination for the male shaving preparations market in future. http://www.thefreelibrary.com/Reportlinker+Adds+Male+Shaving+Preparations+in+the+BRIC+(Brazil,...-a0243892871 2) BRICs, Emerging Market Consumer Insights http://www.globalsherpa.org/bric-emerging-market-research-china-brazil-india 3) Gillette Group OOO was the clear leader of men’s grooming with a 43% value share in 2012. The company held an even stronger position in men’s shaving, the largest men’s grooming subcategory, where it took a 57% value share in 2012. Gillette Group is the company that is considered to have created the standards of modern shaving for men. It has invested heavily in the creation of innovative, more efficient products and large-scale promotional campaigns. The second largest player in men’s grooming was Beiersdorf OOO with a 9% value share in 2012, while all other companies did not manage to exceed 6% value share. http://www.euromonitor.com/mens-grooming-in-russia/report 4) HOW TO WIN THE RUSSIAN SHOPPER * Russians love new products and innovations. * More than ¾ of Russian Consumers (76%) are interested in trying new products. * 38% of Russian consumers frequently notice products on store shelves...
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...The Recruiting Industry: Internet Staffing vs. Traditional Staffing The Recruiting Industry: Internet Staffing vs. Traditional Staffing Prepared By: Anthony Moy (amoy29@gmail.com) Jacquelyn Pope (easyon32@yahoo.com) Karishma Sajnani (ksajnani1@gmail.com) Koura Doumbia (kouradoumbia@yahoo.com) Roushan Chowdhury (roushanchowdhury@gmail.com) Twenika Huddleston (Twenika@yahoo.com) Prepared By: Anthony Moy (amoy29@gmail.com) Jacquelyn Pope (easyon32@yahoo.com) Karishma Sajnani (ksajnani1@gmail.com) Koura Doumbia (kouradoumbia@yahoo.com) Roushan Chowdhury (roushanchowdhury@gmail.com) Twenika Huddleston (Twenika@yahoo.com) Prepared For: Professor Battino HRM594 STRATEGIC STAFFING KELLER GRADUATE SCHOOL OF MANAGEMENT November 10, 2014 Prepared For: Professor Battino HRM594 STRATEGIC STAFFING KELLER GRADUATE SCHOOL OF MANAGEMENT November 10, 2014 Table of Contents Introduction 2 Approach 2 Focus 2 Recruiting Industry History 2 Strategic Staffing 2 Internet Staffing 2 Internet Staffing Methods 2 Traditional Staffing/Methods 2 Literature Review 2 Results/Recommendations 2 Conclusion 2 References 2 Introduction In today’s society, you will find that many organizations strive to discover the most efficient, effective way to successfully recruit the ideal candidate that’s a perfect fit within the workplace environment. This can be a daunting task within the Human Resources (HR) department should the appropriate factors...
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...strategies ; ▪ targeted advertising, ▪ new product development, and ▪ brand differentiation. Examining and identifying growth opportunities in the market through the identification of new customers, growth segments, or new product uses. More effective and efficient matching of company resources to targeted market segments promises the greatest return on marketing investment (ROMI). Market segmentation is the division of a market into different groups of customers with distinctly similar needs and product/service requirements. Skirts are more colorful, use lighter fabrics, and a very short hemline; This is exactly what Marks and Spencer (M&S) did to attract a younger female shopper. A range of female clothing called Per Una marketers have to design product and service offerings around consumer demand (market segmentation) more than around their own production needs (product differentiation) and they use market research to inform this process. Segmentation criteria for consumer markets Using demographic criteria to profile who the market is and where they are; ▪ age, gender, family size and lifecycle, generation, income, occupation, education, ethnicity, nationality, religion, and social class. Age is a common way of segmenting markets and it is normally the first way. (MILO vs. RedBull) Gender differences; products targeted at women ▪ ▪ ▪ ▪ beauty products and fragrances (e.g. Clinique, Bobby Brown, Chanel)...
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...last saved/printed: Section 2 ( To be completed by the Lecturer) COMMENTS: --- 09.03.2015 (Updated automatically) Lecturer: Nina Sharma MARK AWARDED: Number of words: 1976 Created by: sbsjj15 Document last opened: 09/03/2015 14:22:03 Version 2.3 Oliver Conroy C1218229 Management Accounting & Control BS3517 i.) INTRODUCTION The apparent flaws and inaccuracies in the traditional budgeting process have caused many scholars to openly question the need and validity of this stalwart of modern day management accounting. Hope and Fraser (2003) spearheaded the ‘Beyond Budgeting’ approach, challenging the conventional format of budgets and arguing that they should be abolished, removing the rigid shackles imposed on businesses of traditional budgets...
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...used by recruiters to find job candidates to include modern, internal and external methods of recruiting. Additionally this paper looks at strategies companies use to attract possible candidates. Strategies discussed consist of inviting candidates to events, showing candidates you want them, looking for talent in unlikely places, and using social networking sites. Recruitment Methods and Strategies Recruitment is an essential part of any business, and it pays to do it properly. When companies choose the right people for the job, treat them appropriately and train them well, these people will tend to stay with the company longer and produce exceptional results. In such conditions, the organization’s initial and continuing investment in them is well rewarded. Recruitment is a process of locating and employing the best-qualified candidate for a job, in a cost- effective and timely manner. Recruitment consists of analyzing the requirements of a job, drawing employees to that job, screening and selecting applicants, hiring, and incorporating the new employee to the organization. Traditional Recruiting Methods Even with the fast pace of change in HR methods, most classic recruiting methods still play an important role in today’s world. For instance, newspapers are one of the first methods used to connect with people in their homes, and today newspapers are still read by a large number of people. In addition to traditional home delivery papers, most media companies operate online...
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