Economics of the UAE Research Paper Example | Topics and Well Written Essays - 3000 words

Economics of the UAE - Research Paper Example According to the estimation made in July’2012, the total population of the nation stood at 5,314,317. The majority of the population belonging to the UAE has been viewed to be the Muslims, apart from other religious groupings such as Hindus and Sikhs. The currency of the country has been recognized to be Emirati Dirham and Arabic is regarded as its official language. Apart from Arabic language, the other languages that prevail in the UAE include English, Urdu, Persian and Hindi. Most importantly, the country emphasizes upon educating both men along with women and is making considerable investments in this particular sector. The UAE government is a federal one that is structured with specified legal powers (The Cultural Division of the Embassy of the United Arab Emirates, â€Å"UAE Facts in Brief†). The UAE possess an open sort of economy bearing a high ‘per capita income’ along with a large yearly trade surplus. The country has undergone a deep transformation from the region of arid desert to a modern state since the detection of oil in the country. With this detection, the living standards of people of the UAE had raised by a significant level. It has been viewed that the government of the UAE has enlarged its spending in two significant arenas that include infrastructure development and job creation with the intention of enhancing the economy of the country at large. The various decisive factors such as the worldwide financial crisis, deflated prices of the assets and the tight international credit contributed in constricting the economy of the UAE in the year 2009. The different industries that prevail in the UAE which comprise petrochemicals, transport, real estate, pharmaceuticals, cement, aluminum and ceramics among others considerably affect the economy of the country by a greater extent. With regard to assess the economic condition of the UAE, it has been observed

Compare and contrast Essay Example | Topics and Well Written Essays - 1000 words - 15

Compare and contrast - Essay Example These policies try to block expansion of the Soviet Power and expose falsities of it and to induce a retraction of Kremlins control and foster seeds of destruction in the Soviet System. These policies give power to US where it has military strength. Containment policy maintains strong military power that guarantees the national security and conduct of the policy of containment.2 The link suggests that the policies of containment is not implemented properly It has made the country to be in diplomatic impasse with the Soviet Union. The US states that they have the capabilities in economic and military fields and the political and psychological fields. The citizens of US believe that with the principle of freedom, importance of the individual and tolerance and are more vital than the ideology of the Soviet dynamism.3 It analyzes that the American democracy has a degree of unity where the society is cohesive than the Soviet system that is created through force, favor and fear. This means that chances of revolution are less than in the Soviet system. This creates potential for force in international relations where the tolerance for a world outlook has enormous influence. The second link The Charge in the Soviet Union (Kennan) to the Secretary of State talk about that how the Cold War disrupted the global affairs and divided the 20th-century history.4 It states that Soviet Socialist Realism is disconnected from dominant narratives and discredited by Soviet systems. It is deemed to have represented the cultural context at the place of time. It therefore functioned as a state apparatus that responded to political and historical realities that guide military and economic initiatives in the Soviet Union. Kennan’s long-term article written in 1946 gave an incisive annalistic of the Soviet outlooks where it gave the convictions of the Soviet Union ideology of its policy. The Soviet Socialist Realism related first, with

The importance of the work of Kipling

The importance of the work of Kipling   Ã‚  Ã‚  Ã‚  Ã‚  Good morning ladies and gentlemen. I am honoured to have come here today as a keynote speaker to present to you the new poetry anthology, titled ?The Spirit of the Ages?. As many of you ask, what is this anthology about, and what does it have to do with the spirit of the ages? To address that question, I have picked a poet, Rudyard Kipling, and his poem ?The White Man?s Burden? as an example to discuss the significance of their inclusion of this anthology.   Ã‚  Ã‚  Ã‚  Ã‚  To understand the importance of the work of Kipling, we must first understand the world that he lived in, that he captured the very essence of his age in. He was born in India in 1865 during the British Empire. Although he was educated in England, he considered himself an ?Anglo-Indian?, a term for those born in India under British rule. This type of imperialism, confusion of identity and national allegiance would become prominent motifs in his poetry. During his life, Britain was unchallenged in massing countries under the British Empire, and evident in Kipling?s poems, his belief was that it was the empires? duty to act as a global law force. Kipling?s only son died during 1915, during the early stages of World War One. This tragedy in his life led him to write revolutionary poetry based on his ideologies, not based on the glory and honour of war, which was trend, but about the common soldiers in trenches fighting for survival, depicting the reality of war.   Ã‚  Ã‚  Ã‚  Ã‚  The chosen poem, ?The White Man?s Burden? is an excellent example of how Kipling takes a snapshot of his time and instills it into future generations. Although many will find the racial prejudice repugnant, be aware that during the late 19th century this was considered the social norm. This poem in itself can be considered an artifact for which we can relate to the social, emotional and personal reflections of Kipling, by gaining an insight into his world.   Ã‚  Ã‚  Ã‚  Ã‚  The poem was the original poem Kipling planned to write for Queen Victoria?s Diamond Jubilee, however was substituted with another poem, ?Recessional?. Instead, with the subtitle ?The United States and the Philipine Islands?, it was published in 1899 in American magazine McClure?s as a response to the American controlled Philipines which were taken after the Spanish-American War. The poem was Kipling?s warning that likened imperialism to an unsupported goldmine, able to gain many riches, but at the same instant could collapse and destroy many. This controversial poem lit the fuse of the debate of whether the Empire was beneficial or not.   Ã‚  Ã‚  Ã‚  Ã‚  The poem?s title was embraced by the colonists in America, and ?The White Man?s Burden? almost became a slogan. They decided to ignore the warnings of Kipling blatantly transcribed in the poem, and instead it became a near anthem for those who wished to justify imperialism. The title was also a common phrase in everyday use, for example, an advert titled ?The White Man?s Poem?, no doubt inspired from the poem itself, was published to be aimed at white people ?burdening? themselves to teach those of other races the importance of hygiene.   Ã‚  Ã‚  Ã‚  Ã‚  For what reasons did Kipling write the poem? Some conclude that Kipling had a very Eurocentric view of the world. This meant the style he wrote in mirrored society?s outlook on the rest of the world. Lines such as ?Your new-caught, sullen peoples/Half-devil and half-child?, showed that those of a non-European education and beliefs are thought of as insignificant savages. Along with the title, it proposes that white people have the ?burden?, a word with negative connotations, to control the lives of these ?simpletons? and teach them the ?proper? ethnic and cultural Western ways. Since the debut of the poem, the term ?the white man?s burden? has been interpreted as a racist phrase. It shows the prevailing ?philanthropic view? common in society in which that period the wealthy were morally obliged to assist the less fortunate in improving life to their predefined standards, regardless of if those helped needed or wanted it in the first place. This view of Kipling?s p oem certainly explained the dominant mindset which allowed colonialism at that time to flourish.   Ã‚  Ã‚  Ã‚  Ã‚  An opposing view of this is the argument that Kipling?s writing was satirical. Kipling did have a history of writing satire. The book A companion to Victorian Poetry states: ?imperial sensibilities with wry irony and skepticism, viewing all human endeavors as ultimately transitory?. There is much evidence present in the poem to suggest so. Seemingly, conditions to make our race content have not changed from the 19th century to the 21st. ?Take up the White Mans burden/And reap his old reward/The blame of those ye better/The hate of those ye guard/The cry of hosts ye humour?, showing that by capturing and enslaving them, the colonists are forcing the natives to face the hate, cruelty and loneliness that comes with Western society. The white man?s burden is this time used as a reflection on the burden of being a white man, rather than the white man?s obligation to teach those who are not white. This interpretation is of Kipling sighing about the complexity of being white and would rather prefer to be a part of a simpler society.   Ã‚  Ã‚  Ã‚  Ã‚  Perhaps both interpretations are right. For one, the horrors and pains that intruded into those within the colony?s lives are written down for all to see. Nevertheless, Kipling was regarded as a very pro-imperialist believer, but amazingly was not ignorant of the ugly side of imperialism?s twin headed face. Writer John Derbyshire described Kipling as ?an imperialist utterly without illusions about what being an imperialist actually means. This, in some ways, means that he was not really an imperialist at all.? Only with this reverent belief of imperialism, yet a clear understanding of the shortcomings of such a concept put into reality is what makes Kipling the optimal candidate of this anthology, as he is able to simulate in our minds two century later the social, moral, and historical happenings of his time.   Ã‚  Ã‚  Ã‚  Ã‚  The spirit of ages is defined by what one?s interpretation of the spirit of the ages. To be able to reflect those feelings, thoughts, and beliefs experienced in his life in a poem is no easy feat, but Kipling has successfully done so and showed us a word painting of what it felt like to be alive at that time.

The Use of Symbols in Adrienne Richs Poem, Aunt Jennifers Tigers Essa

The Use of Symbols in Adrienne Rich's Poem, Aunt Jennifer's Tigers Freedom has always been an important value in the United States that most people are not willing to give up. Ralph Waldo Emerson, a writer who lived in the 1800s, reminded Americans of their rights of liberty at a time when many people started to conform to established norms. He voiced his opinions about the loss of freedom and invited society to realize that they were relinquishing their rights. Years later, his views still had an impact on citizens. Adrienne Rich, a poet of the mid-1900s, also found her autonomy a necessity in life. She wrote a poem in 1951 called "Aunt Jennifer's Tigers," which exhibited her opinions about living a life of reliance on others. The poem illustrates a woman sewing a scene of tigers roaming through a field, whose hands are weighed down by the heavy wedding band that she wears. Rich uses the symbols of the ring and the tigers to convey her belief in Emerson's ideas of self-reliance. An Emerson-influenced world would be one without interdependence, as his principles of self-reliance would be employed. In the 1800s, the American "government and literary movement . . . were calling for conformity" (Loving). During this time, Ralph Waldo Emerson decided to express his disagreement with the movement by publishing "Self Reliance" in 1841, which explained his ideas of the importance of personal independence. He states, "Nothing can bring you peace but yourself," illustrating his negative view of relying on others (Loving). His audience, the Americans, grew to agree with his individualistic concepts, leading focus from conformity in society. Throughout her life, Rich's experiences led her to wish for more independence. In her marr... ...ctly what Rich discovered through her experiences, primarily from her marriage. The freedom of each person to live as they wish to live is a common value between the two writers. Rich uses the two different symbols in order to express her negative feelings about dependence. By showing her dislike toward the control that one may have over another, she implies her agreement with Emerson's established principles of self-sufficiency. Works Cited Litlinks. www.smpcollege.com/litlinks/poetry/rich.htm. Bedford/St.Martin's. March 28, 2000. Loving, Tim. "What If Aunt Jennifer Had Listened?: Responding With Consequence". www.cwrl.utexas.edu/~nick/evans/firstpapers/tlovingpaper.html. March 28, 2000. Rich, Adrienne. "Aunt Jennifer's Tigers". Discovering Literature Stories, Poems, Plays. 2nd ed. Hans P. Guth and Gabriele L. Rico. Upper Saddle River: Blair. 1997. 590

Bosch India

Submitted by Group E 12: Simon Mohsin Jonas Noel Surojeet Bosch India Bosch is a leading supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology in India. The Bosch Group operates in India through six companies, viz, Bosch Limited, Bosch Chassis Systems India Limited, Bosch Rexroth India Limited, Robert Bosch Engineering and Business Solutions Limited, Bosch Automotive Electronics India Pvt Ltd, Bosch Electrical Drives India Pvt Ltd.In India, Bosch set up its manufacturing operation in 1953, which has grown over the years to include 13 manufacturing sites and seven development and application centres. The Bosch Group in India employs over 25,000 associates. In India, it generated consolidated revenue of over Rs. 11,300 crores in 2011. Bosch Limited is the flagship company of the Bosch Group in India. It earned revenue of over Rs. 8000 crores in 2011. The business sectors of Bosch include Automotive technology, I ndustrial technology, Consumer Goods and Building Technology, and Engineering and IT services.Vision: Creating Value, Sharing Values. Mission: To improve the quality of life with Bosch products and enabling customers by maximizing value as an offshore partner in technology and business solutions. ENVIRONMENT SCANNING Competitive structure of industry The Auto Components sector in India registered a strong growth rate of 36. 3% as compared  to 30. 6% growth rate in FY’2010. The revenue growth in the domestic automotive component market can be attributed to the reduction in excise duties on certain  vehicles and the grant of 100% foreign investment in the component sector.However, poor market sentiments, increased food & fuel prices and interest rates took their toll, what with the sale of passenger cars in October 2011 falling to the lowest in two years forcing the industry to slash forward looking forecasts. The widening price differential between petrol and diesel ha s further favoured the demand for diesel cars. This notwithstanding, OEMs continued to launch new models in all market segments especially passenger cars.Overall, the automotive sector was able to sustain double digit growth aided by a solid performance in the first half of the year 2011 and partially aided by stable rural demand. Factors affecting the Industry: Economic: * The auto ancillary industry has been one of the fastest growing sectors in the Indian economy. It has a CAGR of 24% over the last 5 years. It had a sale of Rs 1600 billion in the year 2010-11. * Capacity utilisation rates of the auto ancillary sector as a  whole decreased significantly in light of  reduced exports and  slowdown in the domestic markets. The industry players had to grapple with the issues of extreme volatility in rupee and input cost and as a consequence, tremendous pressure was witnessed on margins. * In terms of international trade, the auto components industry grew rapidly in both exports and imports over last 5 years. Political: * The government has taken many  initiatives to promote foreign direct investment (FDI) in  the industry. * Automatic approval for foreign equity investment upto 100% of manufacture of automobiles and components is permitted. * The automobile industry has been  de-licensed. There are no restraints on import of components. * To identify the necessary activities, the DHI (Development of Heavy Industries) has setup the Development Council for Automotive and Allied Industries (DCAAI) * The Governments infrastructure initiatives such as  the Golden Quadrilateral project and NHDP (National Highway Development Program) also  have an  indirect favorable effect on the industry. Technological: The auto components industry is a very technology-intensive industry. Historically, India’s strength in exports has lied in forgings, castings and plastics.But this is changing with more component manufactures investing in up gradation of tech nology in recent years. The organised sector has increased focus on quality and has been recommended setting up of an auto design centre at National Institute of Design (NID), Ahmadabad. The DHI has recommended the creation of a Rs 1000 crore modernization/automotive development. ACMA has also spoken about a similar fund. Social: Social environment is intrinsically linked with automobile sector and has changed the demand to the tune of preferences of customers in major way. 1.Business is booming as  the Indian middle class is  increasing its consumption. 2. The increased focus on environment sector has also resulted in companies researching in developing parts to use energy efficiently and reduce carbon emissions. 3. Also more and more companies are getting ISO 14001 certification (Environment Management System). 4. Entry of global players has also necessitated a change in the organisation culture. Competitive position of Bosch India Core Competencies: Bosch core competency revo lves around developing high class innovative products and achieving cost leadership.For that it invests heavily in R&D and focus on a lean efficient system in highly competitive environment of auto component sector. With investments in R&D, Bosch is able to focus more on cleaner and economical product. Also with economies of scale and skilled, educated workforce of India, it is able to reduce cost. 1. High Market Share: With a market share of almost 95%, it has a virtual monopoly in the Diesel Fuel Injection Equipment. 2. Technological competencies: a. Manufactures modern gasoline and diesel engine systems of high quality, cleaner and economical. . Diesel Fuel Injection Equipment (FIE) has been the core business of Bosch Ltd. , right from its inception in 1951. c. Today  MICO (Motor Industries Co. Ltd. , a Bosch company) continues to be a supplier of FIE to a majority of Original Equipment Manufacturers (OEMs) with a market share of over 81%. d. MICO  has also earned a p lace for itself, in the Bosch world, where it has been identified as Center of Competence for Single Cylinder pumps, Multi-Cylinder Inline (‘A'  and ‘P† type) and Distributor pumps (Mechanical and Electronic type). 3.Alternative Energy: MICO Bosch is moving towards energies such as electricity while also improving existing power train technologies, including diesel systems, gasoline direct injection and hybrids to reduce the energy from conventional resources. It has also taken up bio diesel and CNG technologies to address energy challenges. 4. Service: In India 50 per cent of Bosch’s current business is accounted for by the diesel segment. Bosch positions itself as a one-stop shop for sales and service and to make available the entire range of products to those who come for service.Bosch is expanding the product range in this business by bringing some of its global technology products into India. It is also planning to manufacture some of these products i n India. A CORE COMPETENCY CENTRE has been created in the country to manufacture these equipments in the MICO production complex. 5. Quality: MICO Bosch has ISO Certified Quality Management System. Certified Locations are MICO, Incorporated; MICO Europe ltd. and MICO Mexico. Sources of Competitive Advantage: 1. The company is highly centralised by the headquarters in Germany. The headquarters keeps things firmly under control.Strategic departments such as Research and Development, Corporate Identity, Production, Purchase and External affairs are based in Stuttgart and dictated to the worldwide subsidiaries. Decentralised are only operational departments like Personnel, Sales or Accounting. Furthermore, decisions given to responsibility of subsidiaries are mostly of operative quality only. 2. Based on the business strategy that complies with the value chain and support activities, the company holds the competitive advantage of selling products at a price radically less than the offer of its competitors. . Global R&D hub: Over the years, focus on producing innovative products with continued R&D has led to many firsts like ABS, EPS, PAS , FIE etc and thus has provided competitive edge in industry. 4. Large Contact Base: MICO has a large supplier and customer base and maintains a long term relationship with them. VRIN Analysis of Strategic capabilities: Bosch capabilities satisfy the following 4 conditions – 1. Valuable – Bosch’s capability to manufacture high quality diesel and gasoline systems provide cleaner and economical alternatives, thus adding value for the customer. . Rare – Bosch has pioneered the R&D in these technologies, and remains highly innovative to differentiate its products. Most component manufacturers fall into Tier III and Tier IV. Bosch is one of the rare Tier I manufacturers. 3. Costly to Imitate – Bosch also has been building these capabilities over many years. Huge R&D investments prohibi t others to imitate Bosch’s Technology. 4. Non-substitutable – In this technology-intensive industry, having high quality and efficient products is the only way to gain competitive advantage. Opportunities and ThreatsBased on the above analysis of the external and competitive environment, we can identify the opportunities and threats as follows. Opportunities 1. Domestic Investments and Growth a. The size of the Indian automotive industry is expected to grow at 13 per cent per annum to reach around US$ 130 billion to US$ 150 billion by 2016. b. The demand growth at 14% CAGR makes India one of the fastest growing markets. c. Though India's auto component industry has conventionally relied on exports for its profits, the domestic market itself is ripe with rapidly growing opportunities. . Industry experts are hopeful that the country will be able to offset China and other Southeast Asian countries' traditional manufacturing advantage in the coming years, facilitating the industry's achievement of its targeted market value of US$ 40 billion by 2014. e. During the quarter ended June 2009, all costs as a percentage of sales have seen a decline except for power, oil and fuel costs. Raw material costs have contributed the maximum to improvement in margins as these costs have come down from 63. 3 per cent in March 2008 to 57 per cent in June 2009. . The relaxation of FDI norms for the small-scale sector could emerge as one of the key growth drivers in the long run. g. With investments around US$ 15 billion slated for the sector over the next few years, the prospects for India's auto market look very bright indeed. 2. Huge Labour Force a. With 400,000 engineering graduates every year, out of which 7 million enter the workforce, there is a huge supply of labour force. b. Skilled labour costs in India are also among the lowest in the world. 3. Linked to Automobile SectorThe opportunities for the industry are also tied to the fortunes of the automobile indus try. As the Porter’s Five Forces Analysis showed above, auto manufacturers hold the greatest influence. a. The automobile sector is cyclical and dependent on the growth of the economy and improvement in infrastructure. Factors like increased public spending, favorable interest rates and general improvement in per capita income point towards higher demand for automobiles in the future. b. There has been a conscious effort by auto manufacturers to improve productivity of their suppliers (i. e. component providers) in the past few years. Though the number of active vendors has declined significantly for auto manufacturers, technology transfer and fresh fund infusions have resulted in improved productivity in the remaining ones. c. The growing Chinese automotive market also presents attractive business opportunities for automotive component manufacturers for exports. Threats 1. Lower Margins a. Highly competitive: Margins are likely to come under pressure in the long term because as competition increases, auto manufacturers will find it difficult to increase prices and will try to cut costs.The burden will eventually fall on auto ancillary players. b. Consolidation: As manufacturers sourcing components are keen to get components from fewer sources in future, this will lead to consolidation in the sector. Companies will have to focus on quality and abide by delivery schedules if they want to survive. 2. Trade Agreements The growing number of Free and Preferential trade agreements being signed by India with countries like Thailand, Singapore and other ASEAN countries will hurt the cost competitiveness of Indian companies as Indian players play significantly higher duties than their Asian counterparts.Therefore, Indian companies might lose out on big orders if the duty structure is not rationalised. Competitiveness & Position of Major Rivals The Company is operating in a highly competitive market which may exerts pressure both on the top line as well as th e bottom line of the company. The market structure is fragmented for a large number of ancillary products. The net profit fell 11. 5% year-on-year to Rs 247 crore  in the quarter ended June 2012 on rising depreciation cost. It’s competitor Motherson Sumi has recently acquired Peguform and Visiocorp and Vivek Chaand Sehgal and the acquisitions have reaped good returns so far.Its current turnover stands at Rs 15,000  crore. WABCO India has reported a sales turnover of Rs 249. 29  crore  and a net profit of Rs 41. 84 crore for the quarter ended Jun '12. The slowdown in auto sales is having a cascading effect on ancillary units forcing them to to cut production as inventories have started piling up due to demand slump. Bosch is not the only auto component supplier to curtail production. Other companies such as Mother Sumi Systems, which supplies parts to Maruti Suzuki, have also seen a drop in demand.According to Automotive Component Manufacturers’ Association of I ndia, growth of auto component industry is expected to slow down to 6-7% this year compared to 14% in 2011-12. As the growth is likely to be less, this might result in companies getting more competitive to get deals in their hand. Following are the few competitors of Bosch Ltd Name| Last Price| Market Cap. (Rs. cr. )| Sales Turnover| Net Profit| Total Assets| Bosch| 8,734. 75| 27,426. 15| 8,162. 06| 1,122. 56| 5,035. 57| Exide Industrie| 151. 85| 12,907. 25| 5,111. 02| 461. 17| 3,057. 32| Motherson Sumi| 160. 95| 9,462. 9| 3,587. 46| 317. 17| 2,152. 70| Amara Raja Batt| 224. 30| 3,831. 32| 2,371. 03| 215. 06| 907. 54| WABCO India| 1,629. 25| 3,090. 29| 1,045. 64| 153. 40| 529. 97| Amtek India| 100. 15| 2,771. 91| 1,886. 62| 151. 25| 3,758. 02| Amtek Auto| 88. 40| 1,949. 64| 2,368. 56| 288. 13| 7,533. 64| Federal-Mogul| 204. 85| 1,139. 62| 1,151. 48| 37. 46| 569. 03| Wheels| 745. 80| 736. 06| 2,077. 54| 34. 35| 555. 58| Sundaram-Clayton| 185. 45| 703. 51| 1,033. 94| 61. 17| 620. 78| Automotive Axle| 381. 90| 577. 13| 1,012. 49| 57. 56| 305. 65| Banco Products| 65. 95| 471. 67| 559. 63| 72. 43| 417. 1| Jamna Auto| 117. 20| 462. 78| 955. 58| 42. 84| 272. 62| PORTER’S FIVE FORCES ANALYSIS Porter’s 5 forces and analysis of the competitive environment in this sector: Threat of new entrants (Moderate) 1. De-licensing has opened the market new entrants. 2. However, there are still many barriers to entry for the auto components market. Initial capital is very huge in the organised market restricting smaller players. 3. Technology and quality demands are very stringent. 4. As OEMs constitute the largest customer segment, component manufacturers get into strategic long term relationships, esp. or high value items. 5. Other advantages to existing players include customer service and distribution network. We can conclude that threat of new entrants is moderate. Bargaining power of suppliers 1. Raw material cost comes to 50-60% of the total production cost. 2. Suppliers to the auto component sector include companies from the electronics, fabrication, plastic and rubber, casting/forging, machine tools industries. 3. Bargaining power is low for high technology products. 4. Unorganized sector dominates the domestic component market due to excise benefits. Generally, excess supply persists.Bargaining power of customers (High) Bargaining power of customers is very high. The demand for auto ancillary products in linked to automobile demand. Demand is derived from – OEMs| Low Margin| Largest Demand, Stringent Requirements| Replacement Market| High Margin| Presence of Small competitors with cheaper prices| Exports| High Margin| Increasing Demand, Focus on Quality| This means: 1. The OEM market is very competitive and component manufacturers have to compromise on margins to bag bulk orders. 2. Moreover, delivery schedules and quality standards have to be adhered to very strictly.Companies operating in the export market face competition at a global level. Export demand is linked to the increasing acceptance towards outsourcing. In light of increased competition in the global market and oversupply situation, large auto manufacturers faced significant pressure on margins. Moreover, the imperative to invest in new product development increased. This resulted in global majors increasing budget for outsourcing of components in order to save cost. Threat of Substitutes (Low) The only substitutes to auto component manufacturers are organised component players working closely with R;amp;D teams of OEMs.However, this threat is very low. The unorganised components market faces a greater threat as replacement market consumers are shifting to genuine components. Rivalry among Competitors (Moderate) Competition is moderate. At the domestic level, market structure is fragmented for a large number of ancillary products. Most companies adopt low cost and differentiation strategies. In some products (like batteries), only two or three companies control over 80% of the market. Competition in coming period is expected to intensify, as global players enter the market leading to consolidation.The dereservation of Small Scale Industries will result in access to capital and technology. EXTERNAL FACTOR EVALUATION MATRIX Key External Factors| Weight| Rating| Wtd Score| Opportunities| | | | | | | | Human Capital| 0. 10| 3| 0. 30| Labour Cost| 0. 10| 1| 0. 10| Domestic investment and growth| 0. 05| 2| 0. 10| Continuous Improvement of Products| 0. 10| 3| 0. 30| New Product Opportunities| 0. 05| 3| 0. 15| Festive season| 0. 05| 4| 0. 20| | | | | Threats| | | | | | | | Regulatory risks| 0. 10| 2| 0. 20| Input cost and inflation| 0. 10| 1| 0. 10| Currency risk| 0. 05| 1| 0. 05| Lack of demand| 0. 0| 1| 0. 10| Growth of Auto component sector to drop to 6-7%| 0. 05| 2| 0. 10| Labour Strikes| 0. 15| 1| 0. 15| | | | | Total| 1. 00| | 1. 85| | | | | The weighted score of EFE matrix is 1. 85. The score shows that the company is not very effective in taking advantage of the existing opportunities along with minimizing the potential adverse effects of external threats. References: 1. http://www. boschindia. com 2. www. moneycontrol. com 3. News Article : http://online. wsj. com/article/SB10001424052748703909804575122832895561158. html? mod=WSJ_latestheadlines 4. http://www. bosch. com

Good And Bad Manners Essay

Good Manners have a deep Affect on our minds. As bad manners produce bad results in society, good manners produce good results. Good manners are unconsciously acquired in our childhood, but they can also be cultivated later on. Every human being should be treated with due respect and dignity. The animal instinct in us makes us rough and vulgar, but a cultured and civilized man is gentle and polite. By good manners we understand the way in which a person should behave in society. One is expected to show respect one’s elders. Good manners are necessary for everyone, in every walk of life. It is good manners to thank anybooy who does anything for you. When a waiter brings you a glass of water, you may thank him. â€Å"Friends and good manners will carry you where money won’t go.† Good manners are vital for success in life. Nobody likes a rude person, but good manners endear a man to other. A shopkeeper who behaves rudely with his customers can never flourish in his trade, but one who behaves politely and pleasantly with others attracts a large number of customers. Patients always rush to a doctor who is sympathetic towards them. A leader cannot have a large follower unless he is polite to others. In fact good manners have a magnetic influence over the people. Good manner are not, however, born with us. They have to be cultivated with great care. Childhood is the best period to cultivate good manners and so both parents and teachers have a great role to play. Bad Manners: The Height of Bad Manners is Way too Much To begin with, Bad Manners is defined by lack of polite or well-bred social behavior resulting by ignorance, this may be true, but I don ´t think so, this is because nowadays people are adopting this reprehensive conducts no just by ignorance, but for doing whatever they want, in this bad manner conducts we can see: not respecting adults, farting in front of anybody, not saluting, people that don ´t respect the third age privileges in public places/transport. In the world we can see many of this awful behavior but each day we can see it more in our community its becoming part of our daily life to be disrespectful with others and don ´t minding about if the other  person would feel bad about it. As your parents probably told you not so many years ago this â€Å"Bad Manners Acts† where severally punished with very strict sanction but now we can see a teenager threatening and old man so they give him the spot in the bus.