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Tuesday, August 25, 2020
Suicide And Its Relativity To Stephen KingS Suffer The Little C
Self destruction And Its Relativity To Stephen KingS Suffer The Little Children Self destruction and its relativity to Stephen Kings Suffer the Little Children Self destruction is characterized as a purposeful, self-dispensed demise that happens in all societies and ordinarily is executed by individuals who are experiencing a type of extraordinary passionate agony and feel incapable to adapt to their issues (Shneidman 6). Self destruction is found in our way of life to be something that happens to just the insane individuals. In any case, actually ordinary, regular individuals end it all too. Since suicidology is a genuinely new field of logical investigation there is still a lot to find out about it. A few hypotheses and other logical data have been found and are extremely fascinating. In Stephen Kings Suffer the Little Children an instructor experiences dread, uneasiness, rout, and capricious traits and the final product was twelve understudies killed the self destruction of herself. These side effects of self destruction are clarified later in the exploration paper. Self destruction started being concentrated logically barely one century prior by a man named Emile Durkheim. Be that as it may, the particular investigation of the causes related with self destruction and self-destructive practices, also the appraisal, treatment, the board, and anticipation of such practices, has just been recorded in the last 50% of this century (Maris 1). For what reason do people slaughter themselves? Every day individuals go out into the work environment, school, or an other action and experience the danger of disappointment; what degree that conceivable danger my influence is an entire distinctive story. We as a whole realize that life is once in a while agreeable, normally standard, and quite often troublesome. We experience joy and euphoria alongside happiness and love. A lot of our life is likewise taken up by the daily schedule, regular, and sincerely nonpartisan activities of life. At that point on the other side there are the negative feelings that we feel like distress, disgrace, embarrassment, dread, fear, destruction, and uneasiness. At the point when we digest these negative feelings mental anguish and unsettling influence can be the outcome (Meyer 23-24). Unfortunately, a few people live in a condition of steady unsettling influence. This aggravation is once in a while brought about by physical torment, yet generally men tal agony. The educator (Miss Sidley) in Suffer the Little Children appears to have instructed for quite a while and is severe. I accept she got wore out instructing and was trusting that somebody will abuse her, however no one could possibly do. So to repay she envisioned that the understudies were individually getting malicious beginning with one specific kid named Robert. After class one day she remained in her study hall thinking, What was it I saw when he changed? Something bulbous. Something that gleamed. Something that gazed at me, truly, gazed and smiled and wasnt a kid by any stretch of the imagination. It was old and it was malicious and(Meyer 538). This daydream was simply removed from the story is because of mental agony. Mental agony is the fundamental supporter of self destruction. Mental torment isn't equivalent to substantial or physical torment. It is the means by which you feel as an individual; how you feel in your brain. It alludes to the amount you hurt as a per son. It is mental affliction; mental torment. Self destruction is never the final product of satisfaction or happiness. Torment by its very nature makes us need to stop whatever activity we are doing or escape from it (Lester 34-37). At the point when an individual is probably going to take their own life in the close to include it is called lethality (suicidality). When managing an exceptionally self-destructive individual, it isn't helpful to straightforwardly address the lethality of their specific circumstance (Shneidman 31). The successful method to guide a self-destructive individual is to move toward them with the subject of why they are in this circumstance and what mental musings drove them into the condition of executing themselves. You fundamentally attempt to successfully decrease the people deadly musings. Annoyance is likewise a key factor in lethality. This is felt torment. Alone, mental anguish isn't deadly, however blended in with bother makes a destructive recipe for self-exacted passing. Irritation supplies the inspiration for self destruction and lethality is the terminal trigger. (Shneidman 32-33). Miss Sidley at long last needed to figure out how to manage felt torment that she
Saturday, August 22, 2020
What Does A Relationship Do For An Individual Every Relationship Betw
What does a relationship accomplish for a person? Each connection between a male and female change their present status. Having a relationship influenced me from multiple points of view in which some are acceptable and some awful. The great and terrible sides to having a relationship are lower grades, need of more cash, however a superior public activity. One of the principle reasons why understudies get lower grades are because of connections. Having the option to stay in contact with the one you have affections for removes time from your schoolwork andother things you may need to achieve. A few understudies might have the option to get their needs straight and remain on track yet its profoundly impossible. Your homwork accumulates gradually and you won't notice it until the day preceding all the work is expected! That'swhen you'll understand you're behind, yet by then it's past the point of no return. Cash is a key factor to a relationship in light of the fact that in a relationship each couple needs to do things togetherlike watch a film, have supper, or get him/her a blessing. You might have the option to remain on target in school, have high evaluations, and so on yet the fact of the matter is its better when you have a relationship than not having one. All things considered, for the vast majority at any rate. One thing without a doubt is that you'll have a superior public activity. You'll have somebody to converse with when you have issues and somebody to incline toward She can be an incredible solace to you if the individual really cares for you. In case you're going out with an individual becausethe individual simply has a pleasant physical appearance, than you probably won't have that extravagance, yet it is an incredible comfort for the vast majority. I trust this has educated everybody that read this about the great and terrible sides to having a relationship. There are numerous different motivations to a relationship, however these are the fundamental three things to it, at any rate for me at any rate. My recommendation to everybody is, hold up until you're out of school on the off chance that you need a decent future, since it can truly destroy your evaluations, however in the event that you're willing to be persistent and can live with less rest, at that point by all means......start a relationship. In any event, one that will last.
Monday, July 27, 2020
Info for MIT QuestBridge Finalists
Info for MIT QuestBridge Finalists This is a blog entry specifically for finalists in the QuestBridge National College Match. If you donât know what this is, donât worry! You can ask questions for MIT Early Action and Regular Action at this blog entry https://mitadmissions.org/blogs/entry/early-action-updates1 So, if youâve made it this far â" congratulations! Weâre excited to have you applying to MIT through QuestBridge. Here are some FAQs that QuestBridge applicants often have at this stage: FREQUENTLY ASKED QUESTIONS: Q: I am taking my tests in November/December/January. Am I still eligible for the Match? A: If you have not completed all the testing requirements by the October test dates, you will not qualify for the Match. If you have not completed your testing by October, do not worry; you do not have to remove MIT from your rank list because if you do not match with any school on November 30th, we will simply email you instructions with how to roll over into our Early Action process. We will accept up to November test scores for Early Action, and up to January test scores for Regular Action. Q: If I will not have a full set of tests by the October testing date, what happens? Should I unrank MIT or withdraw my application? A: If your application is incomplete, we will not be able to match you. However, we would be able to admit you during Early Action (just a few weeks later) if your application is complete by then and you did not match. We can consider you for Regular Action as well, as long as your application is complete and you did not match to a binding school. If you take MIT off your rank list or withdraw your application, your application may not be able to be considered for Early Action. Q: Where do I send my high school transcript? A: You can fax it to us at 617-687-9184 or mail it to MIT Office of Admissions, 77 Massachusetts Avenue, Room 10-100, Cambridge, MA 02139. Make sure your full name and date of birth are included, as well as the word QuestBridge. Q: Where do I send my financial documents? A: Fax them to the MIT Financial Aid Office at 617-253-9859, or mail them to: MIT Student Financial Services, Attn: QuestBridge Coordinator, 77 Massachusetts Avenue, Room 11-320, Cambridge, MA 02139-4307. If you have questions about your financial documents, email [emailprotected] Q: How do I schedule an interview? A: You can find your interviewers information by logging in to your MyMIT account (http://my.mit.edu). Please be patient when trying to get in touch with them, as it may take them several days to respond to your request. If you have problems accessing your interviewers information, contact [emailprotected] for assistance. If you have not yet contacted your interviewer, do note that the deadline for interviews has passed. However, you may still be able to do an interview. While we cannot guarantee that interviewers will be able to accommodate you, some will accept late interviews on a case-by-case basis. Completing an interview can be helpful for your application, especially if you intend to remain in the Regular Action pool. Q: Why hasnât my Questbridge application shown up on my MyMIT tracking page? A: Colleges only just received your application. It will take approximately one week to process your application; your MyMIT tracking page should be updated by early next week. (You may see your tracking page show Part 1 and Part 2 as complete because your QuestBridge application is being used in place of the MIT application). Q: Ive already done an interview, but the interview is not checked off on the MyMIT tracking system. What should I do? A: (Dont panic!) Just notify us through the MyMIT website that you have conducted the interview so that we know to expect a report from your interviewer. Q: If Im not matched, can I still apply to MIT for Early and/or Regular Action? A: On Nov 30th, QuestBridge will announce the results of the National College Match. If you are not matched with any school, we will send you an email asking whether you would like to be considered for MITs Early Action and/or Regular Action processes (or neither). Please look out for this message and respond to it quickly, so we know what to do with your application. See questbridge.org/for-students/ncm-faq for more info.
Friday, May 22, 2020
Micron Technology s Diversity Culture - 1319 Words
Micron Technologyââ¬â¢s diversity culture is great, but it only exists in Manassas, Virginia. This case study is based on Micronââ¬â¢s Fab 6 location and how the other Fabs can implement some of the same programs and initiatives to achieve diversity at all the Micron locations. In 1978, Micron Technology, Inc. was founded in Boise, Idaho. Micron is the global leader in the semiconductor industry with more than 30,000 team members working in twenty countries. ââ¬Å"For more than 35 years, Micron has dedicated itself to collaborating with customers and partners to engineer technology that drives innovation and transforms whatââ¬â¢s possible (Home: About: Our Company, n.d.)â⬠. Micronââ¬â¢s Diversity and Inclusion Statement is, ââ¬Å"At Micron our people are our most important resource and a critical driver of our competitive advantage. We believe our best innovation springs from our team members diverse experiences, perspectives and backgrounds. We are passionate about creating a diverse and inclusive environment, representative of our communities and the customers we serveâ⬠(Home: About: Our Commitment, n.d.). Micron has eleven manufacturing locations, but Manassas, Virginia is the only US based D-RAM manufacturing site. Fab 6, Manassas, Virginia (MTV) , is the most diverse site in Micron with over fifty different countries being represented, and over fifty different languages are spoken. Manassas, Virginia is in Northern Virginia which is close to the nationââ¬â¢s capital. For this reason, the FabShow MoreRelatedThe Diversity Programs And Development1749 Words à |à 7 PagesDiversity programs and development, when managed well, can make or break business innovation and productivity. Micron is a technical organization on the forefront of diversity programming. We will explore this organization s reasoning for developing a strong program, highlight some key features and make the case that vigorous diversity efforts affect recruitment, retention, motivation and engagement. In 1978, Micron Technology, Inc. was founded in Boise, Idaho. Micron is the global leader inRead MoreCompetition in Global Semiconductor Industry a Case Study Analysis on Chinese Threats to Samsung Electronics Superiority14405 Words à |à 58 Pagesanalysis focuses on finding best strategies for Samsung Electronics to overcome the threats, thrown by Chinese competitors. To meet the goal of the study, I have done in-depth analysis on Samsung Electronics operational, marketing, human resource and technology management policies and tactics. In chapter-4, with the help of management models which are designed to resolve common problems and challenges, I have tried to find out the reasons why Chinese firms are believed to occupy Samsungââ¬â¢s market sharesRead MoreOverview of Hrm93778 Words à |à 376 PagesImportance of HRM The success of organizations increasingly depends on people-embodied know-how- the knowledge, skill, Copyright à © Virtual University of Pakistan 2 Human Resource Management (MGT501) VU and abilities imbedded in an organization s members. This knowledge base is the foundation of an organization core competencies (integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers). HRM plays important role in creating organizationsRead MoreManagement Course: MbaâËâ10 General Management215330 Words à |à 862 Pages121 147 147 Text 3. Why Organizations Change Text Cohen â⬠¢ Effective Behavior in Organizations, Seventh Edition 14. Initiating Change 174 174 Text iii Cases 221 221 225 The Consolidated Life Case: Caught Between Corporate Cultures Whoââ¬â¢s in Charge? (The)(Jim)(Davis)(Case) MorinâËâJarrell â⬠¢ Driving Shareholder Value I. Valuation 229 229 253 279 1. The ValueâËâBased Management Framework: An Overview 2. Why Value Value? 4. The Value Manager Harvard Business Review FinanceRead MoreInvestment and Economic Moats46074 Words à |à 185 Pagesunique perspective on the qualities that can give companies a sustainable competitive advantage. Our stock analysts regularly debate moats with their peers and defend their moat ratings to our senior staff. Moats are an important part of the culture at Morningstar and a central theme in our analyst reports. In this book, Pat Dorsey, who heads up our stock research at Morningstar, takes our collective experience and shares it with you. He gives you an inside look at the thought process weRead MoreManaging Information Technology (7th Edition)239873 Words à |à 960 PagesMachine Company, Inc.: Selection of an Information Technology Platform CASE STUDY I-2 VoIP2.biz, Inc.: Deciding on the Next Steps for a VoIP Supplier CASE STUDY I-3 The VoIP Adoption at Butler University CASE STUDY I-4 Supporting Mobile Health Clinics: The Childrenââ¬â¢s Health Fund of New York City CASE STUDY I-5 Data Governance at InsuraCorp CASE STUDY I-6 H.H. Greggââ¬â¢s Appliances, Inc.: Deciding on a New Information Technology Platform CASE STUDY I-7 Midsouth Chamber
Saturday, May 9, 2020
The Effects Of Fast Food On Children - 991 Words
Did you know that 30% of children ages 6 to 11 are overweight? 15.3% of children ages 6 to 11 are obese? The impact obesity has on a child can become life changing. ââ¬Å"According to the CDC if current trends continue, 1 of 3 U.S. adults will have diabetes by 2050â⬠(Evans, W, 2006). Behind the mask of obesity is a child that falls into the trap of fast food advertisement. Overall, the fast food industry should be more socially responsible and not direct their marketing strategy of unhealthy food choices to children; this will cut down the percentage of children suffering from childhood obesity that leads to various health issues. One might object here, that it is a free market and freedom of speech is part of the U.S. Constitution. However, everyone has a different opinion about fast food and boudaries must be respected. Still the fast food market is targeting children too often and too much, even involving Schools to advertise unhealthy food in exchange for funding. One may argue, children learn by example, parents are responsible for leading them in the right direction of how to make healthy food choices. With this being said, parents are beginning to become concerned with how the fast food is being marketed to children. One of the largest leading industries known as ââ¬Å"fast foodâ⬠continues to market unhealthy promotions, targeting young minds. ââ¬Å"Children watch an average of over ten related food advertisements daily, and (nearly 4,000 per year)â⬠(Powell LM, S. R. 2011).Show MoreRelatedThe Effects Of Fast Food On Children Essay1985 Words à |à 8 Pagesof fast food restaurant when you watch television? How many billboards do you drive by for a ââ¬Å"2 for 2â⬠at McDonaldââ¬â¢s ââ¬Å"off exit- insert number here-â⬠or something of that natureâ⬠¦ Considering that most children cannot drive, they read those billboards; they see the bright colors and the photo shopped food that never looks the same way when you open the wrapper. Also, children generally have, what could be called, an addiction to television; their faces are essentially glued to it. The fast food industryRead MoreThe Effects Of Fast Food On Children And Teenagers1847 Words à |à 8 PagesFast foo d and other junk foods such as pizza, hotdogs, candy, and much more have become a topic of discussion all over the world. Everyone gets those cravings for a big juicy cheeseburger and while everything is fine in moderation, fast food is and has become detrimental to the growth of children and teenagers. Many people see fast food as a convenient and cheap way to eat but, in reality, it is creating and teaching bad eating habits, can lead to many different health related issues, and can evenRead MoreThe Effects Of Fast Foods On Health Risks Among Children And Adolescents1549 Words à |à 7 Pagesuse of photographic evidence. Food Insecurity The results of my study revealed that a vast number of youths in the U.S. were not properly nourished. This may have been due to environmental or socioeconomic barriers. There were differences of opinions as to whether or not food deserts alone have led to unhealthy food choices, and more research will be n ecessary to make further assessments. Fast foods have proven to contribute to the cultivation of unhealthyRead MoreFast Food and Obesity in Adults990 Words à |à 4 Pages2013 Fast Food and Obesity in Adults In Aprils addition of Menââ¬â¢s Health magazine there is a picture of salted golden French fries inside a white cup. This advertisement invokes hunger for unhealthy and cheap fast food to consumers. The fast food industries false advertisements, unhealthy food, and long term effects of consuming fast food all lead to the causes and effects of adulthood obesity in the lives of thousands of Americans today. McDonalds, Burger King, Wendyââ¬â¢s, and other fast food industriesRead MoreLasting Effect Of Marketing On Children Essay1623 Words à |à 7 PagesLasting Effect of Marketing to Children In the past few decades, fast food companies has invested heavily in advertising to children and young adults, in return theyââ¬â¢ll become the future of consumers of the next generation prolong business profits. Children between the ages 8 to 12 years old are exposed highest to fast food media marketing and those years are critical stages of development as this forms their eating habits for adulthood. Fast food corporations are utilizing all sources of outletRead MoreFast Food Restaurants And Their Effects969 Words à |à 4 PagesFast-Food Restaurants and Their Effects In America, there are numerous of fast-food restaurants that many people enjoy eating at. People choose to eat at fast-food restaurants, because it is very convenient and they do not have to go home and prepare a meal. In addition, fast-food is usually cheaper for a family as well. However, the food from the restaurants are causing multiple problems in todayââ¬â¢s society. It has a significant impact on Americanââ¬â¢s health which is leading to deaths and obesityRead MoreFast Foods And Fast Food Restaurants1458 Words à |à 6 Pagesare some children that do not go a day without eating a fast food meal. There has been a significant rise in obesity rates in America as fast food restaurant establishments are becoming more and more popular. Itââ¬â¢s no coincidence that as the fast food industryââ¬â¢s popularity is rising; the obesity rates of Americans are rising as well. The reason for the increase in popularity of fast food restaurants is simply because of convenience. Take McDonaldââ¬â¢s for example: they offer consumers food that canRead MoreCauses, Effects And Solutions Of Overweight918 Words à |à 4 PagesCauses, Effects and Solutions of Overweight Nowadays, overweight is a serious condition associated with body fat accumulates in peopleââ¬â¢s body and as a result it leads to obesity. Being overweight referred to a crucial issue for its victims have increased significantly for the past two decades. The occurrence of overweight has increased in all persons including children, old aged, and educated persons. Loss of weight is one of the challenges for many people in life. The causes of overweight includeRead MoreFastfood1128 Words à |à 5 PagesSimple Facts About Fast Food Nov 20, 2010 By Suzanne Robin Fast food restaurants, also known as quick service restaurants, sell food that can be quickly cooked, assembled and eaten. Fast food has moved out of restaurants and is also readily available at convenience stores. Even grocery stores often serve their own versions of fast food in prepackaged sandwiches and salads. Fast Food Nation reports that 25 percent of Americans eat at least one meal a day at a fast food restaurant,. What areRead MoreFast Food Nation Essay862 Words à |à 4 PagesFast food is very popular amongst todayââ¬â¢s society. Fast Food Nation has reasons for the explosion in popularity of fast food restaurants in the mid-1900ââ¬â¢s. It also explains negative effects on American Culture in todayââ¬â¢s society. The fast-food industry has multiplied across America and changed the food industry. Eric Schlosser describes in Fast Food Nation the way people think about what they eat and what people think of the fast food industry, and also its impact on society. 2 ND There are many
Wednesday, May 6, 2020
Supply Management Examination Paper Free Essays
THE UNIVERSITY OF HONG KONG M. SC. (ENG. We will write a custom essay sample on Supply Management Examination Paper or any similar topic only for you Order Now ) EXAMINATIONS SUPPLY MANAGEMENT (1ELM6046) December 20, 2011 6:30 p. m. ââ¬â 8:30 p. m. Answer THREE questions ONLY. Question ONE is Compulsory. Total Marks: 100 Use of Electronic Calculators: ââ¬Å"Only approved calculators as announced by the Examinations Secretary can be used in this examination. It is candidatesââ¬â¢ responsibility to ensure that their calculator operates satisfactorily, and candidates must record the name and type of the calculator used on the front page of the examination script. Question 1 (Compulsory) (40 marks) Lily Pun, supply manager for Kingââ¬â¢s Way College (KWC), issued an Invitation to Bid covering furnishing and installing metal lockers in the menââ¬â¢s gym. Three responsive bids were received from reputable suppliers, ranging from $82,000 to $95,000. There was no public bid opening. Lily was concerned that Lock Manufacturing Company, which had done most of the other locker jobs for KWC, failed to bid. Expecting that Lock would have b een the low bidder, Lily decided to find out what happened. Upon talking to Lockââ¬â¢s sales manager, she learned that the bid request had been assigned to a new employee who had misplaced it and missed the closing date. Since Lily felt that Lock would have provided the winning bidââ¬âand certainly, any savings would help KWCââ¬â¢s current tight budget situationââ¬âshe decided to declare all the bid prices unreasonable, cancel all bids, and re-bid the job. On the second round of bidding, a low bid of $77,000 was submitted by Lock. Lily was delighted that she had made the right decision, and proceeded to make the award to Lock. (a) Did Lily do the right thing? Was it ethical? Should she be commended for saving (10 marks) $5,000? (b) Would it have made any difference if the original bid opening had been public? (10 marks) (c) How might this look to the original bidders? Give examples to support your answer. (10 marks) (d) Discuss any similar cases happened that you know and share your opinion. (10 marks) (1ELM6046 ââ¬â page 1 of 2) Question 2 Burt, Dobler and Starling (2004) in their book ââ¬Å"World Class Supply Managementâ⬠suggested twelve principles leading to World Class Supply Management. In the role of a professional buyer of an organization, select FIVE principles which you think are most important and (30 marks) suggest how you may turn them into practice. Explain why. Question 3 (a) Discuss: sourcing, in-sourcing, outsourcing and strategic outsourcing. Give examples for each of them to support your answers. (15 marks) (b) What are the differences between local sourcing and global sourcing? What are the issues and challenges associated with China sourcing? (15 marks) Question 4 When should supplier appraisal be necessary? Explain why. And, propose and elaborate a (30 marks) checklist for supplier visit. Question 5 It is frequently said that supply base optimisation seems to be an effective strategy in sourcing. (10 marks) (a) Discuss the term ââ¬Å"supply base optimisationâ⬠. (b) Analyse the advantages and disadvantages of an optimised supply base. How might a (10 marks) purchaser overcome the disadvantages? (c) Comment on the criticality of having a smaller supply base before committing to a (10 marks) supplier management and development program. ââ¬â End of Paper (1ELM6046 ââ¬â page 2 of 2) How to cite Supply Management Examination Paper, Papers
Tuesday, April 28, 2020
The advantages and disadvantages Essay Example
The advantages and disadvantages Essay Citigroup may find many advantages of entering joint venture arrangements with Chinese partners. First the banking Chinese market is a restricted one and Citigroup cant enter many branches of banking activities. A joint venture is a way to allow them to penetrate those new markets with a minimal cost. The specific importance of guanxi in China is another argument in favor of this agreement since a joint venture can help acquiring these connections. On the other hand a joint venture can help making a positive impression on the POBC since it shows that the company wants to build relationships within the country and that it is here to last and to implement in the long-term. A joint venture can also help providing staff from local population more easily. For the retail business, a joint venture may be helpful for building a broad customer base thanks to Chinese banks ones which can help the targeting of Citigroups customers. In general a joint venture with a Chinese company allows the foreign company to understand better the ins and outs of the question. But some disadvantages may appear if the decision is taken to build a joint venture with a Chinese bank. First Citigroup has very few experiences in building a joint venture (only two, in Hungary and in Saudi Arabia) and it was only when forced by central banks authorities. That means that they might not be able to manage such an endeavor, in particularly since they have to deal with the specific Chinese culture and customs. We will write a custom essay sample on The advantages and disadvantages specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on The advantages and disadvantages specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on The advantages and disadvantages specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Then we can see that in the case of a joint venture between Citigroup and a Chinese bank, the contribution of each partner would be unequal. Citigroup is efficient, hasstrong brand equity, and is known as very successful worldwide. The Chinese banks, on the opposite, have to be reformed since they have a lot of bad loans, they must support inefficient state-owned companies, and the government wants to control them. Even if the entry of China in WTO would force the government to let them go and to open markets, it would be very expensive for Citigroup to repair a wrecked bank1. The banking activity is very different from the industrial activities that usually use joint ventures to enter the Chinese market. And there seems to be no appropriate Chinese partner for a joint venture. Citigroup can effectively enter the Chinese market, but it needs to take care about a few important elements. It is, as we know, a strong financial institution, but the Chinese market is a very particular one. Whenever we go, we need to know the local culture and the business we are getting into. Knowing the way business works and how people think at it, is very important, and Citigroup put a big effort on trying to understand Chinas practices and the way people from there act when doing business. This is the reason why we strongly believe that they can have success, but only if they continue to commit some jobs to locals and train their best managers on-site. This will make their business healthier and more efficient. The question, anyway, is unfortunately not answered yet. Will this strong effort on local people be enough for them? Of course not. This is an important variable in the game, but not the only one. As we know, China is a mixed economy close to the extreme of command or centrally planned economy2, so it is very difficult to get state permissions to open businesses in the country. Citigroup, anyway, got it, but now it has to face with some challenges. China is going through a transition, so it is important for managers to understand the direction and the speed of change and how their own industry will be affected by these changes. Even if Chinese growth has been far stronger than for other countries in transition, China has maintained totalitarian political control while loosening the economic one, and a major challenge is privatizing SOEs. The companys success so, will also depend from the liberalization pace. To work properly and in the best way Citigroup needs really open markets. Its products, financial servies, can have a very huge market in China but, as everybody knows, the more open are the markets, the more competitive can the company become. This element let us think, especially if we consider that Chinas pension system is largely unfunded, corruption is widespread and the country rates very low in the Opacity Index and even worst in the Transparency Index, in which it is rated worst than Nigeria3! Moreover, the company allocated a lot of resources on e-business, but this is not really the best thing to do in a market like the Chinese one. The big number of restrictions on telecommunications and Internet let it be a waste of resources for the company, that pushed on this investments from an international perspective. This wont be a competitive advantage in the short term, period in which they have to rely on th one side on guanxchi and Joint Ventures that, as also the companys managers said, give to the institution short-term advantage, but not long-term benefits, and on acquisitions (their favourite strategy between the two) on the other side. The short-term objectives, anyway, are not the only one to be considered. Citigroup has got the WTO on its side. The WTO membership forced China to open its financial system to foreign corporations and, even with some hesitation, China is opening more and more its borders to foreign companies. Another reason for the possible future companys success is the fact that Chinese companies can learn a lot from Citigroup, copying its way of doing business and trying to achieve specific skills that nobody else have, so they will not strive for eliminate a company that can give them such an innovation. Some critics say that to achieve complete success in china and Compete more effectively within the market the Communist party should be advocated to an end. Maybe this will be impossible in the short term and, even if it could be useful, we dont think it will be necessary. Citigroups long-term objecives, then, summarized in the concept of expansion in China, can be achieved from the company just by moving slowly and following the Chinese market step by step. Despite the market situation and darkness, there are absolutely good elements that let us think at Citigroup as successful in competing with Chinese financial institutions. 4. Present and defend your recommendations in regard to a strategy for Citigroup. Citigroup wants to enter the Chinese market to expand its product line and market share, but before starting with that the company needs a deep analysis of the market in which it wants to operate.
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