Saturday, May 23, 2020

Risks And Uncertainty In Entering New Markets Finance Essay - Free Essay Example

Sample details Pages: 7 Words: 2105 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? No one can deny that expand the business activity and entering new market as much as having new market for its resources is valid to survive This decision face obstacle which has variety of importance levels, some of them are reach a level of risks and other stay at uncertainty level and have to be considered in order not to reach the higher risk level The word uncertainty means that a number of different values can exist for a quantity and risk means the possibility of loss or gain as a result of uncertainties. In this report we will discuss the case of risk and uncertainty in Syrian case . Don’t waste time! Our writers will create an original "Risks And Uncertainty In Entering New Markets Finance Essay" essay for you Create order Risks: Whenever a purchase or sale is made there is a level of risk this risk can be progress from uncertainty to high risk; in order to fully study the type of risk and uncertainty influence on the international business we have to categorize it according to area of impacting here we will discuss those ideas according the following arrangement: Systematic Risk which include the political Economical and Exchange Risk in general and in Syrian market in specific Market risk which discuss Specific Risk Also in this essay we will discuss the Uncertainty and how we can manage it in order not to revert to risks after discussing the type and the different it and the risks. Systematic Risks: Political Risk: Political decisions can impact on many vital areas for business such as the education of the workforce, the health of the nation and the quality of the infrastructure of the economy It is imperative to evaluate the potential level of risk by using several different approaches and techniques, these approaches fall into several general and common categories: Systemic risk: It is Risks faced by investors as a result from shifts in public policy. New political leadership may adopt policies that differ from its predecessors. For example, Syrian released new regulation at the beginning of 2010 the new role assume that each Commercial Invoice not legalized form the Syrian Embassy of the exporter country is not trustworthy; therefore each exporter to Syrian market has to get a document from the Syrian embassy to certify that the Commercial Invoice value and information of this goods is authoritative; this new procedures badly affect any transaction related to export to Syria be cause not all embassies infrastructure is good enough to arrange all that type of legalization and documents (the size of work are related to the exporting volume to Syria from that country the most confusing situation was in Syrian embassy in China) which mean that the goods has to be wait at the port of discharge or the port of lading according to the type of goods, which mean increase the cost of demerge for goods in boards as well as the discrepancy of banks if the exporter choose the Letter of Credit as a payment term, fortunately this new regulation life period was short and they stop work on it after one month which create another confusing for international trade. A very uncertain political and economic outlook and a business environment with many troublesome weaknesses can have a significant impact on corporate payment behavior. Corporate default probability is high. Procedural risks: Political intervention in procedures to apply specific policy this policy can affect the economy in general. it Created by one movement of people, products and funds that move from point to point in the global market between the units involved, whether units of a company or units of a country. This situation appeared in Syria in the middle of 2006 when the government decides to switch from the Oriented Economy System to Social Market Economy The question arise here how it can affect the purchase or sale internationally and how it affect the companies which decide to login the Syrian market? In fact this policy shifts can create opportunities for some of foreign investors and some local investor as well, since the government apply a lot of facilities and low taxes for specific sectors like trade and tourism on the other hand it will badly affect the other economy sector such as the industries, agriculture and welfare. On the other hand the documentary risk is the main reason behind slow or non-payment in the international trade most of problem is related to the document incorrectly preparation, this document is required to complete the transaction, Cross-border transactions involve many documents, yet just one missing document or a discrepancy in a document can stop a payment temporarily or permanently, for example in the Syrian regulation information and stamps mentioned on the Commercial invoice has to match the one on the Certificate of Origin in case of producer and goods description while the Bill of Lading information has to match the information on the Certificate of Origin in case of carton number, weight and the H.S. CodeÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ etc. Some of the more common document problems are caused by Letters of Credit, some information dont match the open LC condition like the date of shipments and the port of lading nameÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦ etc. Certifications such as certificates of origin, the information on it dont include the H.S. Code and other information required in host country custo ms. Customs documents: like real packing list or any specific document required according to country policy (in Syria if CI dont bear the paragraph which certify that this goods dont have any Israeli material of labor activity may stop the declaration procedures according the Syrian problems with Israel) Transportation documents, BL may not bear the H.S. code or the consignee party doesnt match the name of registered name of the company which receives the documents. Most important set of documents in Syria is Certificate of Origin, Commercial Invoice, and Bill of Lading, those documents may not have the same priority in other countries according to that country laws. Recently most countries start use the digital world features to facilitate preparing these documents, specially CO and other type of Certificates such as Health Certificate and Certificate of analysis for certain type of goods. Any mismatch between this information will increase the cost of declaration, dela y the payment and may stop the import procedures in all. It is important to pay more attention to the Procedural risks since the custom and monetary system is Syria is not flexible and have a lot of penalties in case of any mistake in the documents caused by the distrust between government and trader, however the procedural risk can be avoided by dealing with local commentator agency which moderate this kind of risks. Distributive risk: Distributive political risk reflects revisions in such items as tax codes, regulatory structure, and monetary policy imposed by governments in order to capture greater benefits from the activities of foreign firms. The new world system in this case is to use the H.S. Code to categorized the goods type and apply the tax accordingly that in case of trade as import and export; another case is to invest in a foreign country the dynamic of distributive political risk is creeping expropriation, a gradual elimination of foreign companys local prope rty rights. As the business grows more successful, officials may question whether they are receiving their fairÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬-share of the growing profits. Most of foreign investor in Syrian market has a good condition and medium tax rate comparing with neighbor countries but they cant own the land they work on it, but usually the corporate financing information often not available and when available usually unreadable Debt collection is unpredictable. The institutional framework has many troublesome weaknesses. Intercompany transactions run major risks in the difficult environments rated C according to COFAC the company who is specialised export credit insurance, managing its own products and State guarantees for French exports. Catastrophic risk: Catastrophic political risk includes those random political developments that adversely affect the operations of all firms in a country; this type of risk can devastate companies and countries as well. It includes political developments that adversely affect the operations of every company in a country, recently civil disorder has appeared which make troubles the trade in general that affect the . POINT-COUNTERPOINT: Political Risk Management POINT- ACTIVE POLITICAL RISK MANAGEMENT: Active political risk management reasons that if one measures the right set of discrete events, one should be able to calculate the degree of political risk in a country and estimate the likelihood that politically risky disruptions, will occur (e.g., civil strife, terrorism, regime change, ethnic tensions, contract repudiation, financial controls, transaction risks). In Syria case the political risk can be predicted since the scene political policy is same since last decade and sharply changes are improbable for the next decades if the catastrophic problem which starts recently become controllable by government so the other risk will be acceptable and can be managed easily. COUNTERPOINT- PASSIVE POLITICAL RISK MANAGEMENT: Many firms choose to treat political risk as an unpredictable hazard of international business. They adopt a strategic response by find a cost-effective way to minimize the risks like purchasing insurance for each of its operational activities which mean increase the cost of establishing of lunching the new market Economical Risk Economical risk can sometimes be forecast but is often completely out of the control in both the buyer or seller sides. Purchasing transaction insurance is essential for a buyer to minimize economic risk. In order to fully analysis the economical risk we will have a deep look at the Syrian Macro Economy act by analysis the following points: exchange rates Foreign exchange risk occurs when the rate of exchange between the sellers currency and the buyers currency changes dramatically between the time the order is quoted and the time the final payment is received, usually this risk appear when the political policy is not clear, in Syria the political policy stability add more stability to the exchange rate and add more trust to foreign investor. Trade Burden size CAD/GDP 2009: According to the World Bank data we can calculate the following: CAD/GDP= -1.1% it is greater than -2% and that a good indicator for low risk Debt service ratio 2009: Relates the cost of repaying foreign debt to the amount being earned by exports. It can be calculated as following: DSR= Total Dept Service/ Export X Total Export/ Export Goods Services DSR= 3.1 X 11,817/18,351= 1.996 It is less than 20% which is very good indicator for low risk Import Reserve Ratio 2009: To analysis how country can compensate its imports we will calculate the IRR IRR= Reserves / Total imports X12 IRR =6512 / 16121 X12 = 4.85 months since it is more than 3 it consider good After years of autarky, Syria still hardly open to the world, but this policy protect it from the bad effects of the economy crises 2009 and we can realize the booming in the real estate sector, also the oil production of country support the currency and government policy, the government facility for foreign investors as much as the availability of raw material and great location of Syria make the investment in the agriculture and transportation is good choice. CAD/GDP, DSR and IRR ratio is n ot the right indicator to evaluate any economy but it can advise us a background of general image of that country economy. POINT-COUNTERPOINT: Economical Risk Management POINT- ACTIVE ECONOMIC RISK MANAGEMENT: some company prefer to consider the Economical Risk management as part of market analysis research which mean that each result will be accompany with other evidence and can have a good research result as a result to have the right decision. COUNTERPOINT- PASSIVE ECONOMIC RISK MANAGEMENT: consider the Economic Risk analysis as a first indicator can give you a first sight at the target market and according to the result some companies prefer to precede the market research, but those companies have to draw more attention that considering the Economical risk analysis alone as a first step will let company loss a lot of good opportunities because usually the greater economy in the worlds can have high risk in some points such as CAD/GDP which has high risk in USA but it still have the best FDI chance since they support the FDI by good facilities offered to foreign investor. Specific Risk: Which also can called Market risk Choose the wrong industry? Choose the wrong positioning? Different types of Strategy.. Corporate Business Who is responsible for what? Uncertainty: https://www.wikinvest.com/stock/International_Business_Machines_%28IBM%29/Market_Risk https://wikieducator.org/Introduction_to_Political_and_Economic_Risk https://globaledge.msu.edu/countries/syria/risk/ https://www.coface.com/CofacePortal/COM_en_EN/pages/home/risks_home/country_risks/country_file/Syria?extraUid=572216

Tuesday, May 12, 2020

Cognitive, Social And Personality Changes - 1011 Words

Introduction The persistent personal characteristics that are revealed in a particular pattern of behavior in different situation are known as personality. This paper will explore the cognitive, social and personality changes that occur when a person is 24 years old. One of the major issues in cognitive development has been â€Å"nature and nurture†, i.e. if cognitive development is mainly determined by an individual’s innate qualities (â€Å"nature†), or by their personal experiences (â€Å"nurture†). First, the age is characterized by physical changes because it is the period when adolescents are almost becoming adults. Therefore, the age is a transition period from adolescence to adulthood. The person undergoes cognitive development whereby he tries to understand his real identity and becomes more sociable than before. Moreover, the personality of an individual is subject to the person’s need to be recognized and appreciated. Subject introduction The person used, in this case, is Odili Samalu. He is 24 years old. He is a male teenager, and is in his first year in college. I chose the person because of his manifest changes in development, including physique, cognitive and motor development. Additionally, Odili has changed the style of doing his tasks. In this regard, he has changed the walking style, voice, and he already has beards. Additionally, Odili is a representation of a typical teenager in a transition period to adulthood. Another reason for selecting this subject is that heShow MoreRelatedExpectancy Theory And Social Cognitive Theory Essay1190 Words   |  5 PagesMotivation Theories: Expectancy Theory in Practice and Social Cognitive Theory Expectancy theory in practice In Expectancy theory we focus on the mental processes when considering choice, or choosing. It clarifies what an individual feel while making choices. In the study of organizational behavior, we can see that expectancy theory is a motivation theory, it tells us that employees who are sure in their ability to perform a particular task are motivated by their expectations of the consequencesRead MoreExpectancy Theory And Social Cognitive Theory Essay1163 Words   |  5 PagesExpectancy Theory in Practice and Social Cognitive Theory Expectancy theory in practice Expectancy theory is about the mental processes regarding choice, or choosing. It explains the processes that an individual undergoes to make choices. In the study of organizational behavior, expectancy theory is a motivation theory first proposed by Victor Vroom of the Yale School of Management. 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Personality drives our interactions with others, our desires – conscious and unconscious, our perceived needs, and to a certain extent, even our actions. Psychodynamic approaches to personality are focused on the beliefRead MoreIs Personality Based On Science?986 Words   |  4 PagesIs personality based on science? Is personality a science? Precisely, what is personality? There has been many theories about personality as it has been viewed differently over the years. With personality, no two theories are the same just as no two individuals are. Personality is an individual’s characteristic pattern of thinking, feeling, and acting. 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It is typically brief and time-limited, collaborative in nature, fairly structured and empirically based (Freeman, Felgoise, Nezu, Nezu, Reinecke, 2005). Aaron Beck is a major name that arises when discussing the origins of CBT. Beck (1970) contends that individual perceptions of events shape feelings and behaviors. This theory places emphasis on the concept of automatic thoughts. Automatic thoughts

Wednesday, May 6, 2020

Potato Free Essays

The potato is a starchy, tuberous crop from the perennial Solanum tuberosum of the Solanaceae family (also known as the nightshades). The word may refer to the plant itself as well as the edible tuber. In the region of the Andes, there are some other closely related cultivated potato species. We will write a custom essay sample on Potato or any similar topic only for you Order Now Potatoes were introduced outside the Andes region four centuries ago, and have become an integral part of much of the world’s cuisine. It is the world’s fourth-largest food crop, following rice, wheat and maize. 1] Long-term storage of potatoes requires specialised care in cold warehouses. [2] Wild potato species occur throughout the Americas, from the United States to southern Chile. [3] The potato was originally believed to have been domesticated independently in multiple locations,[4] but later genetic testing of the wide variety of cultivars and wild species proved a single origin for potatoes in the area of present-day southern Peru and extreme northwestern Bolivia (from a species in the Solanum brevicaule complex), where they were domesticated 7,000–10,000 years ago. 5][6][7] Following centuries of selective breeding, there are now over a thousand different types of potatoes. [6] Of these subspecies, a variety that at one point grew in the Chiloe Archipela go (the potato’s south-central Chilean sub-center of origin) left its germplasm on over 99% of the cultivated potatoes worldwide. [8][9] The annual diet of an average global citizen in the first decade of the 21st century included about 33 kg (73 lb) of potato. 1] However, the local importance of potato is extremely variable and rapidly changing. It remains an essential crop in Europe (especially eastern and central Europe), where per capita production is still the highest in the world, but the most rapid expansion over the past few decades has occurred in southern and eastern Asia. China is now the world’s largest potato-producing country, and nearly a third of the world’s potatoes are harvested in China and India. [10] How to cite Potato, Essay examples

Saturday, May 2, 2020

Brazil And The Andean Highlands Essay Example For Students

Brazil And The Andean Highlands Essay Brazil and the Andean Highlands The similarities between the societies found in Brazil and those found in the Andean Highlands are relatively few. The Andean Highland dwellers were mostly Incas, found in greatest numbers in Peru. The inhabitants of Brazil were mainly concentrated around the Amazon River Basin area. The Andean Highland people consisted in large part of the Inca civilization (the name of the ruling family, not an ethnicity). However, the geographic location of these societies is not the only disparity that exist between these groups of people. Perhaps the most striking of the differences is the characteristics of these societies and the advancements, or lack of, that where achieved in each. With each group having distinct characteristics in the way of life, government, and labor, this affected the colonizing groups in significantly different ways and ultimately led to the prosperity or decline of the colony at that specific time. The forms of rule in the Amazon Basin a nd the Andean Highlands were of great contrast. At the time of European discovery of the New World, there existed very little political hierarchy in the areas of the Amazon River Basin. At most, and this was fairly uncommon; there was a local tribal chief. However, the government did not extend any further. There was no network of higher ruling. This may have stemmed from the fact that villages were scattered around the Amazon, divided by dense forest. The tribal chiefs would make some village decisions and be a liaison with other local villages. Still, territorial war was a major aspect of the Amazon Basin dwellers lives. This is in sharp contrast to the political system that existed in the Inca civilization. The Inca had a profoundly intricate political system that was based on rule that was inherited through bloodlines. There were local, regional, and empire ruling leaders. These statesmen demanded tribute from the lower classes and also force labor upon them, but they did provid e services for the good of the people and the empire. The leaderships had relatively few physical duties other than overseeing the domain that he ruled. Territorial war was also a characteristic of the Inca society. This society has often been labeled either a socialist empire or a welfare state. Specifically, the people of the Amazon Basin lived in small villages around the Amazon River and relocated often (when the soil became fallow). They were a tribal society maintained through shifting agriculture and hunting and gathering. The staple of their diet was of the tuber variety, a kind of potato. The society had no classes that differentiated between the rich and poor because the people had very little or no private property. However, gift giving was very common in this culture. The Inca had communities that ranged all the way from small villages to thriving cities. The main city of political and civil culture was called Cuzco. This is where the ruler of the entire empire lived. Much like the dwellers of the Amazon Basin, communities were often formed among groups of relatives, which were known as ayllu. In contrast with those of Brazil, classes divided the Incas, and individuals did own property. The lower classes were essentially often used as slave labor and they also pai d taxes and tribute to their local and regional rulers through food, materials, and general gifts that were not reciprocated. Land and human labor power was a main source of wealth in the Inca civilization. The types of labor that took place were vastly different between these societies. In Brazil, the labor was very much communal. Everyone worked together for the good of the village and its people. They worked together to build dwellings as well as for the cultivation and care of the crops. They used a slash-and-burn style of farming and relocated once the nutrients of the land were used up. The Incas were much more advanced. In many areas, labor specialization was common, especially in the large densely populated areas like Cuzco. Many of the people were forced to work building or repairing paved roads, irrigation channels, fortresses, and mines in a system called mita. The Inca took part in labor-intensive agriculture. They employed much more advanced agricultural production methods also. They developed irrigation systems, terracing, and other advanced agricultural techniques. With the arrival of the European colonists, many of these existing institutions and practices were destroyed and replaced with the Europeans system of rule and social customs. However, these clashed with what was practiced before the arrival of the Europeans and this soon became evident. There was much turbulence and revolt against the European ways. In the Andean Highlands, the Incas power was totally lost to the Spanish through force. Every pre-existing class was driven into slavery. The Spanish also employed the ruling-class system of mita to suit their purposes. The lower classes were already used to this type of treatment from the ruling class, but the upper classes resisted and were force to somewhat reform their policies on the strict ruling of the Incas. .uc34d5ec000cdc469446754eb1f40fb12 , .uc34d5ec000cdc469446754eb1f40fb12 .postImageUrl , .uc34d5ec000cdc469446754eb1f40fb12 .centered-text-area { min-height: 80px; position: relative; } .uc34d5ec000cdc469446754eb1f40fb12 , .uc34d5ec000cdc469446754eb1f40fb12:hover , .uc34d5ec000cdc469446754eb1f40fb12:visited , .uc34d5ec000cdc469446754eb1f40fb12:active { border:0!important; } .uc34d5ec000cdc469446754eb1f40fb12 .clearfix:after { content: ""; display: table; clear: both; } .uc34d5ec000cdc469446754eb1f40fb12 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .uc34d5ec000cdc469446754eb1f40fb12:active , .uc34d5ec000cdc469446754eb1f40fb12:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .uc34d5ec000cdc469446754eb1f40fb12 .centered-text-area { width: 100%; position: relative ; } .uc34d5ec000cdc469446754eb1f40fb12 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .uc34d5ec000cdc469446754eb1f40fb12 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .uc34d5ec000cdc469446754eb1f40fb12 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .uc34d5ec000cdc469446754eb1f40fb12:hover .ctaButton { background-color: #34495E!important; } .uc34d5ec000cdc469446754eb1f40fb12 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .uc34d5ec000cdc469446754eb1f40fb12 .uc34d5ec000cdc469446754eb1f40fb12-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .uc34d5ec000cdc469446754eb1f40fb12:after { content: ""; display: block; clear: both; } READ: Sexual Harassment EssayThe Amazon Basin dwellers essentially suffered the same fate as the Incas. Captaincies were developed along the Atlantic coast of Brazil and the indigenous people of Brazil were forced into working there. There were many attacks against these captaincies by the indigens, which strained their success. Also, these indigenous people were not used to organized work that the captaincies used. Many of the workers tried to escape or commit suicide. This eventually led to their replacement with African slaves. Because of pre-existing conditions, European colonists were forced to deal with enigmas that were ingrained in the culture. Force alone could not override the conditioning of hundreds or thousands of years. This called for the Spaniards and Portuguese to amend their methods of governing the people of this foreign land. BibliographyHansis, Robert. The Latin Americans: Understanding Their Legacy. New York: The McGraw-Hill Companies, Inc., 1997. Keen, Benjamin. A History of Latin America. 5th ed. Boston: Houghton Mifflin Company, 1996. Patterson, Thomas C. The Inca Empire and Its Subject Peoples. The Indian in Latin American History: Resistance, Resilience, and Acculturation. Ed. John E. Kicza. Wilmington: Scholarly Resources Inc., 1993Stern, Steve. The Rise and Fall of White-Indian Alliances. The Hispanic American Historical Review. Vol. 61.3 (1981) West, Robert C. Aboriginal and Colonial Geography of Latin America. Latin America: An Introductory Survey. Ed. Brian W. Blouet and Olwyn M. Blouet. New York: John Wiley Sons, 1982.