Saturday, January 25, 2020

Exploration of the Economics of Poverty

Exploration of the Economics of Poverty 3.1. Introduction A significant body of the literature has been dedicated to examining wide spreading of poverty  and its gradual explosion issues together with pioneering steps in research and practice towards poverty  eradication have created an unprecedented outburst of studies about business literature for poverty  eradication. The following section is a review of literature about how multinationals attend low-income markets where poverty  occurs on a large scale. The review is carried out with a concern about poverty alleviation and some implications and appropriate frameworks for MNCs executives to help to alleviate poverty while selling to the poor. From this viewpoint, the literature review is divided into three main sections: BOP inititiative, buyer behavior and marketing strategies. It examines some key elements of the BOP initiative companies motivation; the BOP business model; the role of micro finance. With a number of successful stories acknowledged in the literature, the sectio n also reviews how to adopt MNCs marketing mix to attend the BOP profitably. 3.2. Part 1: Poverty in Business Perspectives Billions of people living in the extreme poverty, who are in many cases denied access to proper services, energy, water, health, and above all the opportunities to improve their economic and social outlook, is a significant societal problem. Even though the high economic growth of large-population countries, such as China and India, has brought about many job opportunities and brought down the overall poverty  level, it is still not sufficient to reach other targets in the Millennium Development Goals (MDGs) (World Bank, 2004). Along with the increasing concern of NGOs and other non profit organization towards poverty alleviation, business perspectives have been gradually positioned as a useful tool in contributing to poverty reduction. Such interest has appeared to become much more worldwide through being catalyzed by pioneer approaches, both in practice and theory, which have awakened business attention to the problem of poverty. Indeed, there is an abundance of academic literature on the. It appear to have been dissected from all imaginable angles Poverty in business perspectives has a diverse appearance, such as the vast majority of 4 billion people living on less than $1 or $2 a day (Prahalad and Hammond, 2002), poor producers (Karnani, 2007), gender (Thierry, 2007), self-employed poor people, micro entrepreneurs, micro franchisees (Gibson, 2007), employees, business owners, etc. Within these much attention is lately placed not on poverty as a whole but on its attributed and its causes. 3.2.1. Companies Motivation to Attend Low-Income Markets Much of the debate about poverty alleviation has been provoked by suggestions that multinational corporations (MNC) with extensive financial resources are in the best position to lead the process of selling to the poor. The construction of a new image of poverty in business perspectives, for example, is much contributed by the pioneering idea of Prahalad and Hammond (2002) who focus on the large buying power of 4 billion people earning less than $ 2000 each per year at the lowest tier of the economic pyramid â‚ ¬Ã¢â‚¬Å" Bottom of the pyramid. Prahalad and Hammond (2002) advise private companies to view poverty as a potential of serving an unexploited, multitrillion-dollar market and alleviating the level of global poverty while still earning a profit. By infusing the profit motive into value creation, the hope is that private companies will take the leading role in serving the BOP and, thus, the purpose of alleviating poverty will more likely succeed. From this follows/Keeping thi s in mind, the main two motivations for profit seeking companies to attend this market is: The opportunity to covert BOP segments purchasing power into profits; and The ability to bring prosperity to the poor, and thus alleviate poverty. This was supported by 3.2.1.1. Purchasing Power and Profitability A key component surrounding literature is that even poor people could be profitable customers. a) Creating New Business Opportunities Such strong view rests on the idea that the potential growth for many multinational (MNC) and medium sized companies does not rest on the low-income market in the developing countries. Instead, its source is the immense size of potential market of $13 trillion at purchasing power parity (PPP) that the two-thirds of the world population with unmet needs are supposed to represent. Projections and demographic trends also indicate that by 2050, more than 85% of the worlds population will fall within this category. This portends an abysmal decline in effective demand. By empowering the poor, businesses naturally create new business opportunities by raising effective demand and consumption levels. b) Corporate Social Responsibility (CRS) since it will help to reduce poverty and more importanlty for the company, it will be crucial to their long-term competitiveness and success. One of the most interesting implications of BOP is the radical impact it can have on a companys core business model. .. for instance, claims that organizations which set out to empower poor communities by providing basic education and skills acquisition, improving local human capital, protecting the environment, and developing the culture of accountability and transparency, are practicing some components of CSR which is essential for the long-term sustainability of any company. Indeed, many large corporations have announced CSR benefits that impacts on their profitability and claim it to be a key element of development. Besides, adds that a comprehensive set of CSR policies, practices and programmes incorporated in companys business strategy can increase productivity, contribute to competitiveness, improve staff recruitment and retention rates and create a more positive corporate image. All in all, concludes that d) Government support Political Capital It is obvious that businesses that empower the poor strike a compelling partnership with the government. Most of the time, politicians take undeserved credit for attracting such private investments etc. 3.2.1.2. Poverty Alleviation and Prosperity to the Poor a) Job Creation Businesses whose products and services address basic and common needs can enter the bottom of the pyramid market segments more effectively, and with a deeper social impact through partnerships with highly innovative community groups. They can scale their impact significantly by leveraging their expertise and experience in developing skills and engaging such community groups actively in delivering their products and services. This way, communities are better served, if an increasing number of people engaged in the business are people from their immediate neighborhoods, giving it a local flavor and a compelling sense of stake in the business. adds that expansion by multinationals into emerging markets creates new jobsproduct-distribution networks and shops, for exampleand income earned from those jobs ripples through local economies, creating more new jobs, a phenomenon that economists call the multiplier effect. b) Training, Education and Skills enhancement â‚ ¬Ã¢â‚¬Å" Profit-seeking companies can also play an important role in educating BOP consumers. Banerjee and Duflo (2007) point out, that BOP consumers can be entrepreneurial and do several different types of jobs. However, due to their lack the skills they can not get higher paying jobs. The provision of funding and training is a way multinationals can support the poor. Education is also necessary not just for getting a job, but to make more informed decisions in other areas, e.g. health education can improve food choices. Besides, education and information can also help BOP negotiate better rates and recognizing counterfeit goods. c) Community Development: Through basic empowerment in terms of education and job creation, the community systematically grows out of the crutches of poverty. Beyond the occasional CSR embarked upon by businesses, empowered indigenes gradually but steadily develop their communities by training other relatives of theirs and embarking on micro projects that eventually add up to improving the lot of their communities. Not only, the company makes more profit, and the peoples lifestyle changes. The poor also benefit because they have access to services such as banking and insurance that once were denied them, he says. 3.2.2. Challenges of Attending Low-income Markets Nevertheless, there is a great branch of the literature about the nature, scope, and value of serving low-income segments (Karnani, 2007a; Martinez and Carbonell, 2007; Aiyar, 2006; Jaswal, 2007) that questions the ease with wich multinationals may enter the BOP and whether profits exist there at all. They argue that it is very unlikely that companies will be able to attend the BOP market profitably. Landrum (2007) points out that the costs of serving this segment can be very high. BOP customers are usually much dispersed geographically; they are very heterogeneous, which reduces the opportunities for obtaining significant economies of scale; and their individual transactions usually represent a low amount of money. In addition, consumers at the BOP are very price sensitive, which, again, makes profitability a difficult goal to achieve. For example, Karnani (2007a) posits that the poor may want the same products as the rich do but by virtue of being poor, they cannot afford them. The differences between business realities and development imperatives are not easy to reconcile, states () Some recent case studies also suggests that unlimited business opportunities and poverty eradication through profits may set unrealistic expectations for business executives (McFalls,2007). Second, the traditional timelines for achieving social goods versus profits differ (Harjula, 2005). Businesses may use a five-year horizon as their benchmark for returns. In contrast, social goals like reducing smoking and other unhealthy lifestyle behaviors may take generations. Thus, rather than viewing the poor primarily as consumers, this group suggest a focus on this segment as producers, i.e.potential entrepreneurs that can improve their economic situation by increasing their income level. Karnani suggests that raising income will alleviate their poverty, provide cost effective products to other consumers, and allow the formerly poor to consume more. Raising their incomes may require that they become producers with stable jobs and wages. Focusing on poor people as self-employed poor people, micro entrepreneurs, Gibson (2007) also suggested that constructing and running micro franchising models that pair franchisors (MNCs or non-governmental organizations), micro franchisors (independent business people) with other poor people to expand the business and get other poor people involved in a self-employment venture can help empower poor people to raise their standard of living and gain a greater degree of financial stability. CONCLUSION It postulates that if companies take the correct steps and devote sufficient resources to satisfying the needs of the BOP, they can overcome barriers to consumption. However, companies must be willing to invest time, resources and training to insure that the producers create products with some barriers to entry and are asonable level of productivity. BOP projects must be integrated into key areas in operations where decisions on new products and markets are made and executed. For most companies, BOP therefore requires comprehensive organizational change and heavy involvement of key business areas responsible for new market creation- something that far exceeds what is required to implement most other sustainability activities. Therefore, while there are potentially compelling reasons for widening the definition of market opportunities beyond consumer goods for low-income segments, the following part of literature review focuses on the BOP concept in its original form, i.e., as a business strategy aimed at selling profit-seeking products to low-income segments while simultaneously contributing to the resolution of significant societal problems in these regions.

Friday, January 17, 2020

My essay of mice and mMen Essay

In the novel Of Mice And Mice Lenny and George are on there travels to look for work but everything seems to go wrong Because Lenny can not control his anger or his strength and George is all ways there to get Lenny out of trouble but George treats Lenny like it his is own brother. The novel is set in Weed and it is very hard to find work and live a living so Lenny and George set them selves of to look for work Lenny on his journey who has a heart of gold would never hurt any one or hurt anything finds a mouse a dead mouse he wants t play and tamper with the mouse but George says no and grabs the mouse and throws the mouse into the bushes but then Lenny gets really upsets and starts crying and shouting out load all I want to do is tamper and play with the mouse because I like tampering animals George says â€Å". Never mind Lenny I will get you a puppy you can tamper and play with† no Lenny says I want a mouse ok then George says what about if we get a job on the farm you cam tamper some rabbits , can I can I said Lenny of course you can just as long as your good and don’t pick up dead mousse which might have dieses and we wont want you catching something. Has Lenny and George carry on with there journey there become hungry and they settle down by the river and they drink the water and then they start a fire and has Lenny collects wood for the fire George prepares the food. Or they have is beans which Lenny starts getting angry I only want beans with tomato ketchup if we have no ketchup I don’t want any but we don’t have none said George you will have to do with what we have ok , but I want ketchup , we have not got none so stop moaning. George starts getting mad with Lenny and says to Lenny † I bet you if I was on my own I would have a job and nice food but no I am stuck with you moaning all the time can I tamper the rabbits can I tamper the rabbits you just get on my nerves† Lenny gets upset and says â€Å"if you want me to go I will, I will go up in the mountains and find a cave and live in there I will be ok then I wont get on your nerves† no Lenny you will never survive with out me it is best if we stick together. There one more thing I have to tell you if you get in any trouble all I want you to do is to run to this bush here and hide till I come for you ok. Lenny and George carry on with there travels they come to a farm to have a interview for a job they get there and meet up with a man called Candy who is very old and needs very good looking after and takes them to the manager to see if there have the job. They get they job and Lenny and George are very excited but the only thing that keeps coming out of Lennys mouth is â€Å"now can I tend the rabbits† George says if you are good. The job they are given is to pick wheat bags up and stack them on to the carriage but they are very and it takes two men to lift one bag, but then every one is stunned to watch has Lenny picks up one bag all by himself but no one knows how strong Lenny is. George lets Lenny tend the rabbits but has Lenny is tending the rabbits in the barn the managers son Curly HE goes to work and Curly wife follows Lenny into the barn. She starts talking to Lenny telling him that she hates Curly and she hates working here and that she wants to become a Hollywood star and then she asks Lenny what hw would like to do he says have a big house for him and George and have there own business and also he would love to tend the rabbits. But has she was going to reply Curly walked in and says to Lenny â€Å"why are you not doing you work get out there and finish of your job† then George walks in â€Å"what’s happening† says George then Curly and his wife walks out. â€Å"Lenny if you have any trouble of him or any one you tell me† then they all get back to work. George gives Lenny a puppy for his hard work Lenny is very excited and goes in the barn on his own and starts tending the puppy and guess who walks in Curlys wife â€Å"sorry for my husbands behavior† I don’t want to talk to you says Lenny why says Curlys wife , George has told me to stay away from you we don’t want any trouble so go away, but im friendly I only want to make friends â€Å"no† says Lenny. She walks away but seconds later she comes back and then Curly walks in â€Å"I have told you hundreds of times to stay away from my wife† then George walks in again to see Curly hitting and arguing with Lenny, Lenny stays there and George shouts out â€Å"Lenny defend yourself and has Lennys face is pouring with blood and cut eyes half way closed Curly goes to punch him and curlys little hand is trapped between Lennys big hand and Lenny squeezes his hand and hurts Curly badly. Then Lennys says to George â€Å"can I still tend the puppy† â⠂¬Å"of course you can you did nothing wrong† says George. They are getting along with there lives fine carrying on with there work keeping them selves to them selves then Lenny asks George can I tend the puppy George says yea sure, Lenny is in the barn tending the puppy and then he tends the puppy so hard he kills the puppy and then barn door opens so Lenny is frightened so he quickly hides the puppy under the hay, and Curlys wife walks in â€Å"hello† Lenny and she noticed he had hidden something under the hay so she removes the hay to find that Lenny had hidden the puppy and she saw the puppy was dead, Lenny says â€Å"don’t tell George it was an accident. I was tending it to hard † she says ok then she starts to talk to Lenny and she starts to get all emotional with Lenny she goes to kiss him and Lenny kisses her back and then he hugs her but with out him knowing his own strength he was hugging her to tight and he snaps her neck and she dies . Lenny is scared and frightened so he remembers what George said if you are in a lot of trouble run to this bush and hide until I find you so Lenny runs and hides. Curly has noticed that his wife has been killed and he knows who his responsible the first name he say is Lenny and George says how you know Curly says â€Å"look my wife has been killed and Lenny is know where to be seen† we need to find and I am going to kill him â€Å"no† says George you don’t know the whole story. As everyone at the works are looking for Lenny, George goes to the bush and he sees Lenny sitting there, Lenny is very upset and don’t know what to say George says â€Å"I know what you have done† â€Å"it was an accident† Lenny says. George says Lenny look over the river were we was drinking and keep looking down, George pulls out a gun at the side of his pocked holding it down between his spine join and then up to his head † Lenny want to go to a nice place were we have loads of money loads of food and loads of animals and a big farm were no one can hurt us and you can not hurt any one† yes please says Lenny â€Å"can we go now Lenny says with excitement , yea of course just keep looking at the river , ok Lenny says. Georges gut is hurting but without a word he presses the trigger BANG Lenny just lowers his body with out a noise and just lays there. George is upset for what he had done bur he knew that Lenny was safe now and that he is living the life that he has always wanted to live. George has learnt that you can not get anything that you wish for in life you just have to grab it why you have the chance. Eben if you loose the closes friend you have. THE END Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE John Steinbeck section.

Thursday, January 9, 2020

The Issue Of Women s Rights - 2003 Words

Women s rights have been a topic of debate for many years. Over many decades, the issues of women’s rights has continued to change. Equality is a term that many use when speaking of women’s rights. Equality in this text referees that both men and women should have equal treatment in all areas of life. Despite that it has gotten better is some areas, we still have many areas that need a lot of work. Women continue to be at a disadvantage in many different areas of our society. Inequality because of a person’s gender causes problems among the sexes. Going back to the passing of the 19th Amendment of the Constitution of the United States in 1920, which gave women the right to vote. Are women treated equally in 2016, or if not what areas still need to be addressed. Are women treated differently than men in society in regards to pay in the workplace and voting? Many have studied to see if women s equality has improved over the years, and most would agree that yes i t has improved. But there are studies that show that there is still room for much improvement. The ethical issues are huge within this subject. Societies have moral codes that teach people how they should behave, and what is right or wrong. With this being said the way women are treated should be equal to men because it is what is ethically correct. Every society makes decisions based on what we have been taught, so we must teach those coming after us that women should be treated equal to male counterparts. ThereShow MoreRelatedThe Issue Of Women s Rights1796 Words   |  8 PagesWomen’s Rights in the Early 1900-1920s Rody Elder History 122 Professor Webb March 23, 2015 The issue of women’s rights has been a subject of debate for a long period of time. Despite women having equal rights as men as enshrined in the constitutions of various countries and the universal declaration of human rights, in most cases the society has never granted the women the rights as they are supposed to enjoy them. 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Wednesday, January 1, 2020

Personal Writing The Evaluation Of My Coaches Essay

Personal Writing: The Evaluation of My Coaches nbsp;nbsp;nbsp;nbsp;nbsp;Throughout my high school basketball career I experienced several different coaches. Every new coach brought a different approach to coaching. The varying techniques of coaching brought about different attitudes and expectations during practices and games. I found that during practice, coaches had either the nice-guy or the drill sergeant approach. They also had different methods of coaching during and after the games. nbsp;nbsp;nbsp;nbsp;nbsp;Practices are very important to basketball. If you practice hard and take it seriously, your team can become successful. All of my coaches in high school took practices seriously. I basically had two different types†¦show more content†¦I prefer the nice-guy coaching method during practice. This makes practice more fun. The coach is serious about making our team better, but he realizes that people are not perfect. During calisthenics he would talk to us about our day at school and tell us dirty jokes, and just try to be our friend. While we were practicing he pointed out our mistakes, but when we did something good he praised us. This made practice fun and everyone was more at ease during practices. nbsp;nbsp;nbsp;nbsp;nbsp;All of my coaches gave a pre-game and half time pep talk. One of the coaches I had would tell us how the other team played, who we needed to keep from shooting, and then tell us to go out there and kick some butt. This was his bas ic pre-game pep talk. At half time, if we had been playing bad, this coach would come in the locker room cussing. He had a pace-maker and when he would get mad at us you could hear it going tick, tick, tick, tick rapidly. He was a little on the crazy side. Other coaches, during pre-game pep talk, would tell us a little story that would move us in such a way that made us want to play hard and win. During half time if we played horrible every coach I had would come in cussing. If we had been playing good some coaches would come in say, quot;Good game.quot; then leave. Others would come in and point out specific things that we did good. The coaches that came in pointing out specific good points about the game was my favorite.Show MoreRelatedMy Work Ethic, Commitment For The Job And Facility, And My Values Essay2264 Words   |  10 PagesI will share my work ethic, commitment to the job and facility, and my values. This includes: being accountable to the job, showing up on time with a positive attitude, willingly take on tasks and assignments, being proud of our facility and that we are a part of it, treating everyone with respect and in a friendly manner, focusing on work and leaving personal issues outside the workplace, and seeing my work as an opportunity for continuous personal growth and lifelong learning. There is a conceptRead MoreA Personal Development Program3489 Words   |  14 PagesPersonal Development PlanPage 4 Personal Development Plan Contents Executive Summary 5 Introduction 6 Personal and Professional Goals Identification 7 Skills Required Personally and Professionally 7 Coaching and Mentoring 7 Multitasking Skills 8 Counseling Skills 8 Leadership Skills 9 Effective Time Management 9 Prioritizing Work Tasks 9 Training and Development 9 Stress Management 10 Personal Skills Audit Identifying Preferred Learning Style 10 Skills Required To BeRead MoreMy Experience At Pleasant Valley High School900 Words   |  4 PagesEducators are extremely dynamic people. Not only are they teachers, but they are also students, friends, confidantes, coaches, and more. In order to be a successful educator, one must know his or her content well and also exhibit professionalism in all aspects of his or her life. 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