Building A Place For Our Business - 1138 Words

Once we have defined our business idea we should think of a place for our business and where we will place. This choice will depend in part on the proper functioning Business. We should not rush in choosing the premises and that a wrong decision can result in the future a change of room with all the expense and inconvenience that entails. Before drinking a decision we must consider the needs of our company in the future: possible extensions, new clients, etc. The importance of the location of our company depends on the activity in which we engage, the market to which we are going, etc. If our business is commercial (shops, bars, restaurants, etc.) Local and location of it are especially important. First, we must analyze carefully what the†¦show more content†¦All this we can see in the local municipality in which you are the property; The site chosen must have adequate infrastructure the needs of the company. We need to check that the water supply, electricity, telephone, etc. They are sufficient to meet the needs of our business; another aspect to consider is the place communication with the outside. If you re well connected road, if there is presence of public transport, accessibility, etc. .;Complications in the building because of the proximity to rivers, roads, airports, lying electrical, etc. .; We have to find, if possible, a place that is near the suppliers, avoiding and have an excess of goods in the warehouse. This, in the case of companies working with perishables, is very important (canneries, dairies, etc.); Another important tip is to assess the adequacy of the local costs that we have to make before starting the activity; If we go to hire workers, we must remember that in the area we will install our business there is sufficient skilled labor to cover jobs that arise; It is important to assess the interior of the

The Asian Financial Crisis Of 1997 - 2364 Words

Commonly referred to as the â€Å"Asian Contagion† the East Asian financial crisis of 1997 marked a time in which multiple Asian countries fell into a recession as a result of financialization. Although the East Asian financial crisis affected over ten countries, Thailand’s economy is will first be primarily analyzed prior to the crash because it was the first economy to fall and essentially started the crisis. In retrospect, the complexity of the financial crisis has caused much debate on what actually started the crisis in the first place. In order to address the various positions of the East Asian financial crisis, the works of Charles Kindleberger, Krippner, and Dani Rodrik are analyzed and compared. While the crisis has many components that ultimately suggest that conjoined multiple factors are potentially to blame, these authors suggest that specific instances are the main culprit. In essence, Kindleberger states that investor and lender speculation deemed the cr isis inevitable, Krippner condemns government policies, while Rodrik suggests that hyper-globalization is to blame. In order to analyze the causes of the financial crisis, it is imperative to first describe Thailand’s economic practices prior to 1997 chronologically. Moreover, it is important to note that the Thai government was known for being a corrupt, â€Å"notoriously unstable multi-party coalitions unable to formulate (let alone implement) a coherent macroeconomic policy.† So, much of the pressure to ensureShow MoreRelated1997 Asian Financial Crisis and Hyundai Motor Corp7129 Words   |  29 PagesOutlook: 16 Asian Financial Crisis: Summary: 17 Recovery: 18 Hyundai Motor Corp Financial Analysis: Introduction: 20 Detailed Financial Analysis: 21 Equity Valuation: 24 Conclusion: 24 Case Solution: Project Valuation: 25 Input Descriptions: 25 Conclusion: 27 Exhibits: Hyundai Motor Corp Financial Statements Read MoreImpact Of The Asian Financial Crisis Of 1997 On The Region s Development1704 Words   |  7 PagesExamine the impact of the Asian Financial Crisis of 1997 on the region’s development â€Å"Since World war II, development has been the most important term used to describe economic, social and political changes in what have come to be known as Third world countries† (Zhang, 2003). 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Introduction For about twenty years, East-Asian countries were held up as economic idols. They were hailed as the ideal models for strong economic growth of developing countries because of their high savings and investment rates, autocratic political systems, export-oriented business, restricted domestic markets, government capital allocation, and controlled financial systems. They were even stories about â€Å"The East AsianRead More1997 Asian Financial Crisis4297 Words   |  18 Pages1997 Asian Financial Crisis Angelica M. Montefalcon 4FM2 I. Introduction For about twenty years, East-Asian countries were held up as economic idols. They were hailed as the ideal models for strong economic growth of developing countries because of their high savings and investment rates, autocratic political systems, export-oriented business, restricted domestic markets, government capital allocation, and controlled financial systems. They were even stories about â€Å"The East Asian MiracleRead MoreThe Asian Financial Crisis Of 19971028 Words   |  5 Pages Following the Asian financial crisis of 1997, the IMF bailout provided desperately needed funds to revive South Korea s economy but came with a caveat of strict mandates. The aftermath left sectors of its economy eviscerated, patches of its society dissolved, and sent my family on a plane to the United States. What could have been an otherwise typical American dream narrative for me, however, evolved into a lifelong aspiration toward global affairs. Reaching for a graduate study program is theRead MoreEffects of the Asian Financial Crisis on 19971006 Words   |  4 PagesThe financial crisis in many countries in Asia in 1997-1998 was an unexpected event. It was mainly because most of the Asian countries had been enjoying economic growth prior to the crisis. The crisis itself started with the devaluation of Thailand’s Baht in July 1997. The Thailan d government decided to float its currency in order to defend the Baht against speculative attack, despite its fixed exchange rate system. This decision was apparently the beginning of the economic downturn of many AsianRead More1997 Asian Financial Crisis and Hyundai Motor Corp7119 Words   |  29 PagesIndustry Outlook: 16 Asian Financial Crisis: Summary: 17 Recovery: 18 Hyundai Motor Corp Financial Analysis: Introduction: 20 Detailed Financial Analysis: 21 Equity Valuation: 24 Conclusion: 24 Case Solution: Project Valuation: 25 Input Descriptions: 25 Conclusion: 27 Exhibits: Hyundai Motor Corp Financial Statements 29 Bibliography:Read MoreFactors That Caused the 1997 East Asian Financial Crisis1604 Words   |  6 PagesCaused the 1997 East Asia Financial Crisis Discuss the principal factors responsible for the East Asian currency/financial crisis of 1997. In 1997, there occurred certain shifts in expectations from the market. The regional contagion and confidence led to the East Asian financial turmoil. In 1990s, it had been reported that the microeconomic and macroeconomic businesses were not performing as expected. The local and international investors had not held enough grips into the looming financial challengesRead MoreImf As An International Financial Institution Essay1130 Words   |  5 PagesThe 1997-1998 Indonesian Economic Crises. IMF Interventions - Lessons to learn. Introduction. 1997 to1998 saw the East Asian nations of Thailand, Indonesia and South Korea engulfed in an economic and financial crises that nearly collapsed their economies. The IMF was at the center stage to help during these crises. How IMF’s assistance further deepened Indonesia’s economic crises, received heavy criticism from Political, economic and social analyst against IMF s programs and Policies in Developing

Carmen Marinache free essay sample

Assuming complex businesses in which company is part of: organising logistics operations ( railway transportation from station of departure to station of destination, reception of wagons at final station of destination, unloading the cargo from wagons and loading it into trucks / handling, delivery up to the client’s terminal); organising special transports such as munitions transportation in transit via Romania; organising cargo exports from Romania with guard protection on route; organising oversized transportation, export from Romania to different countries, which implies: obtaining loading drawing from an authorised company, obtaining approval for transportation from the railways and infrastructure, issuing CIM railway bills, coordinating the transport with foreign railways on traffic and obtaining all necessary traffic permission by keeping in touch with all our external partners, solving problems that might occur while transportation is performed; organising exports from Romania to different countries from exCIS in special SZD wagons (wagons from CIS countries), obtaining all traffic permissions, keeping in contact with clients and partners for a prompt solving of all difficult situations; organising transportation of wagons on their own wheels as well as of locomotives; participating to organisation of multimodal traffic Ex: cargo coming by vessel, unloading directly or indirectly to wagons and customs clearance through a sister company specialised in port in such kind of operations), railway trans portation up to one station in Europe, unloading of cargo and delivery by trucks to consignee, etc. We will write a custom essay sample on Carmen Marinache or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page ? Keeping in contact with Accounting and Financial Dept. in order to mutually solve problems related to the financial part of the business; ? Based on the information received from the Controlling Dept. , analysing and proposing to the Executive Manager personal evaluation for personnel; ? Monthly analysing the activity of the Railway Dept. calculating estimated operational profit, calculating the total tonnage, presenting the situations to Executive Director; ? Contacting and visiting potential clients; ? Taking part to set up of transport and freight forwarding contracts with Romanian and foreign clients/partners ; ? Representing the company within international exhibitions and fairs, in Romania and abroad, to Express Interfracht Holding own stand, and within conferences having as topic the improvement of railway transportation; ? Issuing the documentation of company presentation and representing the company within different tenders opened by big production companies in Romania, in o rder to choose logistic supplier.

Project Management Success

Introduction To some degree, the success of every project depends on the expertise of a leader who has to guide the activities of team members and foster their cooperation. In some cases, this professional has to coordinate the work of people who may be located in different countries and this task can be very challenging.Advertising We will write a custom assessment sample on Project Management Success specifically for you for only $16.05 $11/page Learn More This paper is aimed at discussing the key factors needed for project success and team building. In particular, close attention should be paid to such concepts as key performance index, communication strategy, and performance measurement tools. They are critical for the effective work of many businesses and public organizations. Apart from that, it is important to focus on the role of managers who should possess various skills that are related to different areas such as HR policies, cross-cultural com munication, or motivation of employees. These are the main issues that should be discussed. Key performance index One of the most important tasks is to monitor the progress of team members and eliminate possible problems or mistakes that are often inevitable. However, this task can be done properly if there is the key performance index or KPI that helps a leader identify the strengths or weaknesses of a project (Lan Untelkar 2006, p. 106). This concept is used to describe an indicator or a group of indicators that are most important for an organization (Lan Untelkar 2006, p. 106). To a great extent, they reflect the goals that the project is supposed to attain (Lan Untelkar 2006, p. 106). So, at first, it is important to distinguish the criteria according to which the performance of a team should be evaluated (Chan Chan 2004). It should be noted that companies can have different KPIs. They can be related to the operational costs of a project, functionality of a product, timeline s, customer satisfaction, increased rates of production and other parameters that are taken into account by managers (Marks 2012, p. 53).Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Overall, the development of these indicators is one of the first steps that managers should take prior to the start of any project. To a great extent, KPIs help leaders determine whether the team achieves the goals that were set at the very beginning. This is why management should concentrate on the development of key performance indicators. Without them, the organization will have to face many pitfalls such as delays. This is the importance of KPI should not be overlooked. Communication strategy Additionally, it is important to speak about the communication strategy adopted by an organization. The exchange of information is critical for every activity involved in the project. Therefore, one should dete rmine how different participants can interact with each other (Turner 2007, p. 790). Business administrators should remember about several aspects of this question. First of all, they should think about the communication with major stakeholders such as clients, business partners, corporate executives, suppliers and so forth (Turner 2007, p. 790). They should know how the project is managed and what kind results are achieved (Turner 2007, p. 790). Furthermore, they should be able to interact with the team members and make recommendations if they are necessary (Ndoni Elhag 2010). The manager should distinguish different types of information and determine how it should be communicated. It is necessary to focus on data related to the project plan, its status, and key events or problems encountered by the team (Binder 2007, p. 101). This is one of the issues that should be considered. Provided that a leader achieves this goal, it will be possible to avoid many conflicts and delays.Adver tising We will write a custom assessment sample on Project Management Success specifically for you for only $16.05 $11/page Learn More Apart from that, it is important to speak about the communication within a team or between several teams. This question is particularly important when a project involves several teams that can operate in different countries or even continents. Each participant of the team should be informed about the goals of the project, schedules, and requirements of customers (Ndoni Elhag 2010). Furthermore, these professionals should be able know about the possible changes in the project plan or new goals that they may need to attain (Ndoni Elhag 2010). Additionally, employees, representing different departments, should know about the work of other departments. In this way, project managers can better coordinate the work of various departments of teams (Ndoni Elhag 2010). Overall, communication strategy is critical for the achieve ment of project goals. This is one of the issues that a leader should address. If he/she copes with this task, it will be easier for the team to meet timelines and attain the objectives set by customers or corporate executives. Performance measure tools One should bear in mind that project management involves the evaluation of people’s performance and the overall progress achieved by the team. The duty of a manager is to make sure that each group understands what is expected from him or her, and the individual and teamwork will be assessed. For example, many managers prefer the so-called 360-degree assessment which enables to evaluate the performance of an employee (Reiss 2012, p. 111). This performance measurement tool focuses on such criteria as quantitative results of an employee’s work, customers’ satisfaction, or initiatives taken by this individual (Reiss 2012, p. 111).Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More If a leader uses appropriate evaluation methods, the leader will be able to motivate every participant. This is why project managers should think about the ways in which the performance of workers will be assessed and how it will be compensated. Additionally, project leaders will play a critical role in team-building, since employees can work successfully only if they share some values, attitudes, or beliefs (Reiss 2012, p. 111). This is why leaders should foster cooperation among different participants involved in the project. Furthermore, these professionals should not be isolated from one another. In other words, they should know about the duties of each other (Ndoni Elhag 2010). This is why managers should focus on team-building. For example, this person should organize joint meetings during which each participant can share their views with one another. Conclusion Therefore, one can argue that project management has several aspects and each of them is important for the success of every various initiatives implemented by a team. In particular, business administrators should attach importance to such issues as key performance indicators, communication strategies, and team-building because these elements are critical for the effective work of an organization. Furthermore, these professionals should ensure that different stakeholders such clients, corporate executives, managers, and workers who should interact with each other. These opportunities are particularly important when one speak about international projects. References Binder, J 2007, Global Project Management: Managing Virtual Projects and Programmes Across Borders, Gower Publishing, Ltd, London. Chan, A Chan, A 2004. ‘Key performance indicators for measuring construction success’, Benchmarking: An International Journal, vol. 11 no. 2, pp.203 – 221. Lan, Y Untelkar, B 2006, Global Integrated Supply Chain Systems, Global Integrated Supply Chain Systems, Idea Group Inc, New York. Ndoni, D. Elhag, T 2010, ‘The integration of human relationships in capital development projects: A case study of BSF scheme, International Journal of Managing Projects in Business’, vol. 3 no. 3, pp. 479-494. Marks, T 2012, 20:20 Project Management: How to Deliver on Time, on Budget and on Spec, Kogan Page Publishers, London. Reiss, M 2012, Change Management: A Balanced and Blended Approach, BoD – Books on Demand, New York. Turner, J 2007, Gower Handbook of Project Management: Fourth Edition, Gower Publishing, Ltd, New York. 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