Medium & light industries Essay Example for Free

Medium light industries Essay Medium light industries have also received a significant portion of the industrial development funds because they are less capital intensive than heavy industry and they can generally turn a quicker profit. Chinas textile industry is the largest in the world, which is why its typically referred to on its own as opposed to being grouped within the light industry branch. Chinese enterprises have a competitive advantage in the textile industry because of the abundant supply of cheap resources, which includes labor and raw materials such as cotton. China ranks among the world leaders in the production of coal and oil. Coal is the primary energy source among petroleum, electric power, and coal in China. Therefore, a vast majority of the coal that is mined is consumed domestically. On the other hand, the petroleum industry has expanded beyond the domestic consumption capacity. Thus, the petroleum industry also services foreign markets with crude oil and other refined petroleum products to a certain extent. Services Chinas service sector (tertiary industry) includes many industries such as food beverage, banking financial services, retail trade, commerce, legal services, health services and insurance services. Similar to the manufacturing and industry sector, Chinas service sector has blossomed with the economic reforms of the last two decades. Before the reforms Chinas service sector was virtually non-existent. Today the service sector has grown to account for 33.8% of the countrys GDP (2002 est.). Retail trade has taken in Chinas urban areas. The roads are now lined with a multitude of privately owned shops and street markets. In the larger towns and cities immense shopping centers and department stores are also common. Western food and beverage chains such as Kentucky Fried Chicken, Pizza Hut and McDonalds are also popping up in residential areas. Before the reforms, tourism was very limited because government policies prevented almost all foreigners from visiting China. Today this industry is receiving more attention because the government sees this market as an opportunity to earn foreign dollars. To accommodate tourism many hotels have been built, airline destinations within the country have grown and historic sites, such as the Great Wall, have been opened to foreigners. The communications industry has also benefited from the economic reforms. The telecommunications industry boomed during the 1990s and now telephone service can be found in basically every locality although only 16.7% of households have a phone. Today there are many magazines and over 2,000 newspapers published across China. Radio and television broadcast are also in abundant supply reaching 75% of the population although only 1 citizen out of 3 owns a television. The States heavy hand compels the media to refrain from reporting on politically sensitive issues. As a result, the media adheres to a strict code of self regulation to ward off further government manipulation. Trends and Outlook According to the official figures reported for real GDP, Chinas economy grew to $1,405.95 billion, an increase of 9.1% which is higher than the rate that was forecasted. Government officials speculated that with the spread of the Severe Acute Respiratory Syndrome (SARS) virus across China the consequences would be felt in the form of an underperforming economy, especially in the services sector. Therefore, an annual growth of 7-8% was predicted although many in the economic community felt this figure was too low. Chinese officials arent intentionally sandbagging the forecasts. Instead they are still acquiring the knowledge and skills necessary to make accurate macroeconomic forecasts, which can be quite difficult in China whose economic statistics are generally misrepresented, especially at the provincial and local levels. The following 2 graphs illustrate Chinas GDP, CPI RPI since 1996. After falling 0.8% in 2002, Chinas consumer price index (CPI) increased slightly in 2003 by 1.2% compared to the previous year. By location, CPI increased by 0.9% in urban areas and by 1.6% in rural areas. The increase in CPI is somewhat misleading because of state interference. Although price controls for commodities are virtually nonexistent, the state indirectly influences the prices for 13 broad categories of items such as electric power, transportation, communication, and some services. Retail prices continued to drop by 0.1% from the 2002 level, which has been on a downward trend for 6 consecutive years. Analyst believe this downward trend is an indicator that China might not be able to sustain or create the needed high levels of consumption and investment required to fix the structural problems that plague the countrys economy, especially from the private sector. China essentially fixes (pegs) the exchange rate of the yuan to the U.S. dollar allowing it to float against other currencies in accordance with changes in the values of the dollar. Although officials recognize the need to eventually switch over to a market-based exchange rate mechanism, the time frame for implementing such a mechanism hasnt been defined. Consequently, the yuan exchange rate remained relatively stable in 2003. Chinas balance of payments remained in a strong position as a result of interest rates that fell for countries in the west (United States) and due to Chinas current account which continued its good standing. Although the trade surplus was $25.5 billion in 2003, this was a decrease from the previous year by $4.9 billion. The countrys foreign exchange reserves saw considerable growth to $403.3 billion, an increase of $116.8 billion compared with 2002 end of year figures. The following 2 graphs depict Chinas foreign exchange reserves and foreign direct investment. The principal growth sectors in China continue to be within the secondary and tertiary industries. The value added in the secondary industry for 2003 was $744.31 billion and $453.84 billion for the tertiary industry which represents an increase of 12.5% and 6.7% respectively over last year. Conversely the value added for the primary industry, which employs half of the labor force, was only $207.8 billion representing a meager growth of 2.5% year-on-year. The continued high growth rates in the secondary industries is fueled by government spending to build the states infrastructure, technical upgrades by leading enterprises, and a tremendous upsurge in the output of steel, which is needed to supply the construction materials and manufacturing equipment required to service real estate development. Although the SARS outbreak had detrimental effects on the retail sales and other service industries, this segment is expected to show signs of a rebound in the near future. This holds true esp ecially for the telecommunications sector. China is now home to the largest wireless and wireline networks in the world and preferential government policies have made this sector very attractive. Although its not reflected in official figures, Chinas labor surplus continues to be problematic for the economy. Income inequality is also an area of concern where urban residents annual disposable per capita income amounts on average to $928 compared to rural figures of $298 which is will below the World Banks $1 per day, i.e. $365, poverty line standard. Other main problems that quell economic and social development include energy shortages, a weak legal structure, corruption, nonperforming loans, inefficient state operated enterprises and most important a socialist system that interferes too much with pricing, interest rates fees, and general market control. TRADE China ranks 4th in the world for exports at $431.6 billion based on 2003 estimates, trailing the United States, German, and Japanese exports. On the other hand, 2003 estimates indicate that the PRC ranks 3rd in the worlds imports at $397.4 billion. The trade balance between the values of imports and exports continued Chinas long standing trend of having a trade surplus. As Chinas foreign relationships improve and barriers against trade fall, its projected that the trade surplus will eventually diminish in magnitude. The worlds economic community frequently had problems with Chinas human rights policies during the 1990s. American disapproval was particularly poignant to the point that the United States teetered on the verge of withdrawing Chinas normal trading status (historically referred to most-favored-nation trading status). Understanding how important the normal trading status was for the countrys continued growth, Chinese officials radically changed the regulations and rules governing trade and investment. The sweeping reforms were aimed at increasing international competition and investment, decreased protectionism for domestic enterprises by limiting previous barriers on U.S. imports of agricultural and industrial goods, and by decreasing tariffs. In turn, the U.S. Congress ratified legislation in 2000 granting the PRC permanent normal trading status based on the belief that improved trading relations will foster labor, environmental and human rights reforms in China. Regulations and Standards Chinas foreign investment and trade policies have historically lacked transparency. This has resulted in a system that generally creates a great deal confusion when it comes to trade and foreign investment because the rules and regulations governing business activity can not be obtained easily; therefore, they arent applied consistently and they often vary by region. Other downsides include poor protection of intellectual property, unequal treatment between domestic and foreign companies, and an inadequate mechanism for resolving disputes. December 11th, 2001, marked Chinas accession to the World Trade Organization (WTO). Even though China is now a standing member of the WTO, the PRC still has a long way to go to adopt all the necessary WTO regulations, which is being accomplished through reforms and the passage of new legislation. Chinas entry into the WTO has not only improved the countrys growth potential but it will also service the Chinese people by improving labor, environmental, and human rights conditions, which will ultimately affect the Chinese culture to a certain degree. Significant changes resulting from the WTO accession include tariff cuts and a dramatic expansion of trading rights in 2002. In 2003, China further reduced tariffs and reformed its tax system in an effort to lessen the distinction between foreign and domestic enterprises based on the principle of national treatment. Quotas on imported goods have also been considerably lowered. The latest change deals with the WTOs transparency requirement. As of July 1st, 2004, the Chinese government promulgated reforms for business licensing. In the past enterprises wishing to do business with China had to undergo an approval process through the Ministry of Commerce which was time consuming, cumbersome, and not clearly defined. The new system utilizes a registration process that is clearly defined and easily accessible with little or no barriers to trade for individuals or legal entities seeking import and or export licensing. Therefore, the registration process is expected to remove yet another trade barrier by making Chinas market more accessible to foreign entities wishing to operate within and to China.

Political Conflicts in Washington :: Poltical Conflict, Obama

Political conflicts regarding oversight are becoming a common occurrence in Washington, but have you stepped back and analyzed why this is? These unnecessary strangle hold on the democratic process are due to a few common practices, party politics, a deference to the Executive Branch, and prioritizing voter concerns with wasteful government spending. Some cause more problems than others, but overall these are the three biggest causes. Party politics prevents Congressmen and Senators alike from rearing off the path of their political party stance. We also see voters own ignorance as a big part of the government waste problem. Many like to complain about problems in our laws, but then are supportive of the laws when they go through Congress. This makes it very easy to pass laws with waste because they know the general population most of the time will let it slide. If your party holds the presidency, but that president does something that is unconstitutional that party will most likely stand its ground supporting the president. While the Executive Branch is an office that deserves respect, respect cannot get in the way of the Constitution and the laws of the land. No one is above the law, especially people in high office if anything they should be held more accountable due to their importance in American life. Congressional oversight is a major part of the checks and balances system, and if these major problems continue to occur we will see more and more people abuse the American democratic process. As long as there has been a two party system there has been party politics. This phenomena by definition is a Congressmen (Be him or her Democrat or Republican) is so loyal to the party that they will vote for those bills, or resolutions, or whatever just because their party supports it. This becomes problematic when you want to express what is best for your constituents, but may not be what the party is pushing for. This makes a very lazy Congress no matter the party, bills can go through that are not what are best for his or her distract but for the good of the party. Out of the three factors, this is the one that hinders Congressional oversight the least. While this is a problem it doesn’t hit the factor of oversight hindrance as much as the other two. This practice is becoming more common every year, and because of that it’s almost unheard of for Democrats or Republicans to vote outside of their party lines.

Ansoff Matrix of Nintendo Essay

Barriers to Change Individual and Organisational Barriers to Change Obama | IYou must be the change you want to see in the world â€Å"Despite the potential positive outcomes, change is often resisted at both the individual and the organisational level† (Mullins, 99) It is in human nature to resist change. â€Å"We resist change. We choose to keep our habits, rather the comfort of our habits† (Dr. Claude Brodeur PhD, http://members. tripod. com/zenol/humanism. html). Change and the phenomenon of it, is fundamental to evolution; and yet it implies some sort of resistance. Resistance to change can take various forms and the task of filtering out the cause of resistance can often be difficult. Examples include change in work processes where the needs, expectations, and concerns of individuals are ignored. Change and resistance to it forms a knock-on-effect to both the construction and destruction of any organisation. Fear is one of the major forms of resistance to change and I shall discuss this in depth at a later stage. Alas resistance to change can be categorised to the organisational level and the individual level. It is these two separate levels which I shall discuss further exploring what steps may be taken to overcome resistance at both the organisational and individual level. The Organisational Barriers to Change There are a number of barriers to change at the organisational level that, need to be addressed to allow change to be implemented with the least amount of resistance. These include: Financial and Environmental Lack of working capital in an organisation can prevent it from introducing change that is necessary to stay ahead of competitors or merely survive as a business. The lack of finance could be due to a variety of factors. Lack of Resources and Bad Resource Allocation Lack of resources is an onset of financial and/or environmental issues as discussed in the above paragraph. Bad resource allocation, occur when managers make bad decisions in allocating resources such as money, time, machinery and staff. Structural An organisation that follows the traditional hierarchical structure tends to resist change more than that which has a more flat structure. Insufficient Communication There are two branches of communication, which are communication internally, within the organisation between Employees and Management and externally between the organisation and suppliers and customers. Lack of or Bad LeadershipStrong leadership is required in order to direct the change management process in any organisation. Bad leaders who merely provide are not doing enough to inspire the employees to march ahead. People want to be shown the way. Lack of Preparation for New Roles Organisations may lack in their planning phase. Failing to prepare and define the new roles that will need to be satisfied when change is implemented; shall give rise to resistance. Cultural Issues The culture of an organisation is a set of â€Å"unwritten rules†. Management may have a set of protocols for employees to adhere to perform business processes. The way a task is actually carried out depends namely on the culture Individuals Resisting Change There are a number of barriers to change at the individual level that, need to be addressed to allow change to be implemented with the least amount of resistance. These include: Fear News of change can invoke fear among employees. Employees may feel afraid of not being able to fulfil the new proposed changes to work practices that are being imposed. Employees may begin to question the future of their job, which shall cause much discomfort. People resist change due to anxiety, pessimism and different personal ambitions. Lack of Input into the change Individuals tend to resist change where they play not part in change. The idea of not knowing the change can cause a rift between the employees and management. Overcoming Resistance at Organisational and Individual Level Organisational Level Overcoming Undefined Goals and Objectives Goals and Objectives should be frequently redefined and relayed to all employees. This shall aid towards clearing up any misunderstanding and possible conflicts. Overcoming Financial and Environmental Issues Organisations should have a contingency fund to cater for changes in demand or develop a very good relationship with their bank manager in case you need to borrow money at hard times Overcoming Structural Problems and Insufficient Communication In a large organisation employees may wish to elect a spokes person who can act as a collective voice to air potential barriers directly to management Overcoming Lack of or Bad LeadershipIt is a natural human instinct to follow leadership as children we look up to our parents and as adults we look up towards our superiors Overcoming Lack of Preparation for New Roles The importance of planning must be emphasised and reflected. The new roles should be concisely explained to the respective employees prior to implementing change, to stifle out any doubts, fears or resistance. Overcoming Cultural Issues The cultural characteristics once identified need to be overcome and evolved into a non-blame culture Individual Level Employees should be directly involved in the change process, which shall motivate and reduce resistance. Extra incentives should be made available to further encourage and reward compliance. Support networks should be established as a means to reinforce the change theory. Appendix 1 Maslow’s Hierarchy of Needs depicts the theory of psychological needs, values of authority, hierarchy and rationality, security needs. The model consists of many levels. Maslow argues that once the basic level of Air food water and sex are met the next â€Å"hierarchical† or â€Å"rational† need is for safety. An organisation must concentrate on invoking a sense of â€Å"Belonging† to the organisation by keeping them informed, involved and sharing the success. Force Field AnalysisThe force field analysis helps identify the forces for change (drivers) and forces against change (resistance) in an organisation. Through analysis the author concludes that it important to note that even if you have more forces for change than against this may not actually guarantee you successful change. The key is to remove the barriers to change on the organisational and individual level. Force Field Analysis Figure 1 Field Force Analysis Twelve Principles for Managing Change These principles provide the cause and effect of managing change strategically: Thought processes and relationship dynamics are fundamental if change is to be successful. Change only happens when each person makes a decision to implement the change. People fear change it â€Å"happens† to them. Given the freedom to do so, people will build quality into their work as a matter of personal pride. Traditional organizational systems treat people like children and expect them to act like adults. Truth† is more important during periods of change and uncertainty than â€Å"good news. † Trust is earned by those who demonstrate consistent behaviour and clearly defined values. People who work are capable of doing much more than they are doing. The intrinsic rewards of a project are often more important than the material rewards and recognition. A clearly defined vision of the end result enables all the people to define the most efficient path for accomplishing the results. The more input people have into defining the changes that will affect their work, the more they will take ownership for the results. To change the individual, change the system.

Research On Stem Cell Therapy - 1547 Words

Research on stem cells has indicated new possible therapies and treatment for people with conditions that were once considered terminal. Parkinson’s disease, Alzheimer s disease, and multiple sclerosis are a few of the many diseases that stem cells might be able to treat. Stem cells have the capability to repair heart muscle and neural tissues, improving the overall prognosis of the patient. For example, hematopoietic stem cell transplantation and mesenchymal stem cell therapy have shown promising results in clinical trials in reducing the effects of multiple sclerosis (Holloman, Ho, Hukki, Huntley, Gallicano, 2013). Although stem cells show potential in their capability to treat diseases, the cells are delicate, limiting the success of research and clinical trials. Meanwhile, stem cells need to be differentiated from the other tissues of the body, presenting a challenge of marking the cell while also maintaining their viability. Several imaging technologies are being utilize d to progress stem cell therapies. Such modalities include â€Å"positron emission tomography (PET), computed tomography (CT), single photon emission CT (SPECT), ultrasound (US), bioluminescence imaging (BLI), fluorescence imaging (FLI), [and] magnetic resonance imaging (MRI),†(Cho, Wang, Mao, Chan, 2016) while â€Å"MRI and PET are the most widely investigated and developed†(Cho et al., 2016). Each imaging modality has their own advantages and disadvantages for delivering and tracking stem cells. TrackingShow MoreRelatedCell Research : Stem Cell Therapy1095 Words   |  5 Pagestime I heard about stem cell research, but I remember when it first stood out to me was when quarterback Peyton Manning went over to Europe to get stem cell therapy done on his neck to prevent him from getting surgery done. Stem cells offer much hope for medical advancement because of their ability to grow into almost any kind of cell. 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