The Papa Johns Pizza Plan for India

The Papa Johns Pizza Plan for India 1. Executive Summary: Papa Johns Pizza is International well know brand in Pizza Industry and it is third largest in the world with more than 3500 outlets. As per the company Marketing director they said we are not really competing with dominos we are not in the same category. Dominos is more delivery and take always, while we offer a complete dining experience in addition to delivery and take away options. Also Papa Johns pizza is public company which having its head quarters at Louisville in USA. We had planned to open 4 outlets at the openings in India as per the target. Our target will be to first capture the pizza lovers and attract the customers of Dominos and Pizza hurt. Give people what they want. The free open market and government regulation to work in INDIA is quite helpful to what we had planned. Mix culture and good tourism industry had made to decide to take Papa Johns pizza to India. As it is major tourist attraction and well known for its hospitability. At last but not least we had some marketing strategy and plan to improve our business. We had a Potential growth in two products which has been introduced recently Pasta and Seafood Pizzas which has are just into the market. Once this gets moving then there wont be any stopping. 2. Business: 2. 1Company Overview Papa Johns International, Inc. is the third largest pizza company in the world with over 3,500 restaurants. It is a public company and traded in the NASDAQ stock market under the symbol PZZA. The headquarters located at Louisville, Kentucky, USA. It operates and franchises pizza delivery and carryout restaurants in United States (Domestic Market) include dine-in and restaurant-base delivery services in worldwide international market under the Papa Johns trademark. 2.2 Products and services Papa Johns operates (own-restaurants) and franchises pizza delivery, carryout restaurants in Domestic Market (US) and dine-in or restaurant-base delivery services in worldwide international market. Papa Johns provided 4 main categories products which are: Pizzas in 8 main choices: The works, The meats, Spicy Italian, Garden Fresh, Tuscan Six Cheese, Spinach Alfredo, BBQ Chicken and Bacon and Hawaiian BBQ Chicken Side items: Breadsticks, Garlic Parmesan Breadsticks, Cheese sticks, Chicken strips, Wings, Cinnamon pie, Apple pie, Sweet Sticks and Chocolate Pastry Delights Drinks: Coca-Cola soft drink products Dipping Source and Seasonings: Garlic, Pizza, Barbeque, Ranch, Cheese, Mustard, Pepperoncini, Anchovies, Jalapeà ±o Peppers, and Banana Peppers. 2.3 Situations and Risks Currently, from the 2009 annual report, the total sale revenue for 2009 was $1.11 billion. That was Papa Johns Pizza earned 11% market share after Pizza Hut (27.5%) and Domino (16.2%) which is their main competitors including the following Little Caesars getting 8.3% share. Source: Annual Meeting of Stockholder, 2010 Source: Annual Meeting of Stockholder, 2010 According to the 2009 financial crisis in United State, Papa Johns had closed 11 restaurants in domestic market compared to the previous year growth at 103 units in 2007 and 32 units in 2008. While new 100 restaurants open in the 2009 international market and international franchise system sales increased24%. Source: Papa Johns JP Morgan Gaming, Lodging, Restaurant Leisure Management Access Forum, 2010. In year 2010, they forecast the sale growth for domestic market will be between -1% (decline) and +1% by open around 40-60 new restaurants. And the company will focus more in international market and forecast to grow around 15% to 20% by trying to open 100 120 new restaurants worldwide in year 2010. In this report, well analyze and purpose the plan to expand the market in to INDIA that aligns with Papa Johns company plan. 3. Marketing Plan 3.1 Key Objective: The key objectives of Papa Johns pizza are as follows: Localizing the Menu as per the local taste and culture. Pricing and promotion as per the price range and the local people capacity to pay. Brand building through advertisement media and local newspaper. Going places literally to promote their brand and sales. 3.2 Media Coverage: To generate sales and profit for Papa John pizza, the benefits of the company should be communicated to the customers. The international marketing campaign like web page advertising and online marketing is very much needed. Other sales can be achieved through advertisement on Television, local magazines, newspaper, radio, poster and sponsorship to various local events in the city. 3.3 Marketing Descriptions: INDIA has a large market sector in tourism and information technology as well as the other products to export to other countries. A large number of factories are in INDIA and the environmental issue is a one consideration in INDIA. The majority of population is HINDU and they have strong Hindu culture in food production and restaurants in INDIA. 3.4Target Group As the population chart presented below, we will know that INDIA has a numerous Hindu ethic group of population. We also use fours marketing mix to receive the right Product, Place, Price, and Promotion in our franchise Papas pizza in INDIA. The highest number of population age is between15 to 64 years ages that it is represented at 64.3% of whole number of population in INDIA (the World fact book, 2010). Therefore, target group of our business will be this ethic group and the population who are aged between 15 to 64 years. 3.5 Marketing strategy: As Papas franchise is Fast food business, people can save their time to cook. We provide good delivery service for our customers. They can order online or calling to order. We also give our coupon discount online and customers can download to use voucher to purchase our pizza. The promotion will be followed the season and event in INDIA. We also supply the survey online to allow customers to make comment and require about our products and service. Hence, customers decision will be depended on ages group from each person to each person and people who live there and visit there. As the high visitor, it not difficult for our Papas pizza to catch up with the fast food market in INDIA. 4 PEST ANALYSES: 4.1POLITICAL ANALYSIS: It includes the regulations and Acts issued or regularised by INDIAN government. Some examples of them are: The factories Act 1948: States that to have an adequate and safety measures, also includes the safety of health and wealth for the workers working in factories. Minimum Wages Act, 1948: To provide a minimum fixation of wages to the employees who are applicable to engaged to any kind of skill, unskilled or clerical work. This act mainly works for the rights of workers. 4.2ECONOMIC TERNDS Indian Economy is quite Intersting, well say seems to emerging economy in economic expansion with the other countries like CHINA, Russia, MEXICO, Brazil. Because of its cheap labor it is always benifited for outsourcig of work from deveolped countries with strong manufacturing and industrial work. 4.3 Social and Environmental issues: With the Modern growth of economy and countries strong old cultural, India still has some extent of its old Myths and strong religious values which somewhat affects the business. Rather say India has strong Hindu religious background but there are various religious groups such as Islam, Christianity, which makes it a complete diverse nation. As the 80% is HINDU by religious the serving of Beef or pork is treated an objectionable in Indian cultural. There are lots of festive season out of which Diwali is one of the biggest one. As the British has ruled in India for decades they have certainly acquired the British way of doing Business. But before British Mughals has ruled in India so the culture has some mixed values with the architecture related to this. India has around 28 states and main 18 regionally languages. 4.4TECHNOLOGICAL PHASE Consumer food market is efficient in terms of production as of its national productivity, investment in research and development, innovation. Financial condition prevail INDIA from furthering the technological gap and capital intensity between formal and informal sectors. Productions system through innovation, design capability and product market push in INDIA is not up to the mark to leverage exogenous knowledge as to remote growth as per the quality and cost. 5 Porter Five Forces: Power of buyers: Concentration of buyers: As especially INDIA is a diverse country and the tourism as well as population is most dominant sector as per the business concern in INDIA. So the main concentration of buyers is always on the tourist as well as the people within the country. Differentiation: Well Papa John pizza is well known for its standardization in pizza industry. They have standard size, rate and quality so there will be no differentiation in their standards. Profitability of buyers: well, the hotel industry is well known business in INDIA. So buyers have very much hard competition among themselves. Also buyers have very wide range of choice to select the product. Power of suppliers: Concentration of suppliers: As we discuss earlier INDIA is a diverse country there are many people of different culture and religion so there are various different suppliers as per the choice and requirement. Branding: Well the main industrial and economical benefit of the country is through tourism industry. So especially from different countries is more concern about the brand image while buying a product. Also, INDIA is major hub for its international market and well known brands. Power of entrants: Economies of scale: As per the GDP till year 2010 INDIA 3.57 trillion dollars. Manufacturing and services are the twin engines of the INDIA economy and accounted for 28.2% and 54.9%, respectively, of India gross domestic product in 2009. The electronics and chemicals industries lead INDIA manufacturing sector, Threats of substitutes: Quality: Quality is a substitute better? Well the industry which gives the better quality and service has longer profit. So there is an always a threat of substitutes in the INDIA especially in the hotel industry, quality is important criteria in them. 6. SWOT Analyses: Strength: Papa Johns Pizza having there their strength as the quality of fresh food they used, Customer satisfaction, Delivering pizza on time to customer and most important thing they dont have call centers to make order on phone. So the direct calls are routed to the pizza shop and there are less chances of making mistake in taking order, like it happens in Pizza hut always. Weakness: The weakness of Papa Johns pizza is that they have very limited range of pizza menu as compared to Pizza hut. Which some time divert the customer from them because people want change and new variety food. Opportunities: As per the information of INDIA, it is a multi religious nation so our opportunities will be make the traditional food Pizza for the food lover. Also pizza hut dont have any kind of these pizza as they are already there. One more thing we liked to introduce is Pasta for people. Threats: Our only threats in future are Pizza hut and other fast food chains because our main competitors are hotel industry particularly the pizza industry. So we have to compete among them with good strategic planning and service. 7. Competitor Analysis: List of major competitors and any potential competitors: Pizza Hut, Dominos KFC Mc Donald Other Fast Food Chains in INDIA. Among this major competitor Pizza Hut is our potential competitor because it is well-known pizza maker and it ready set in Pizza business in INDIA. Pizza hut has built its own website online to provide both take away and dine-in restaurant for customers to make both reservation and order. Identification and analysis of strategic group Fast food chains are main competitors in our business. Service industry is good in INDIA. There are many tourist attractions. Therefore, our major strategic group will be local restaurants and fast food chains. Size, Growth and profitability Gross of national product of INDIA is approximately $ 302.6 billion. Compare with the United States and other western countries. 8. Operations Plan: Operational plan establish the activities and budgets involved for each and every part of the organization. Operational plan generally interlink with strategic plan with the activities involved and thus the organization can able to deliver all the resources required to deliver them. The main objective of Papa Johns pizza company is they are looking to attract new franchise partners all over the world. The best example is Papa Johns Pizzas UK and Ireland expansion. There are various act ivies involved in order to implement objectives. For example they have come up with the new concept to deliver pizza by launching a delivery vehicles for this they also branded Smart Car which illustrates the snaps of fresh pizza ingredients on them. Mainly it includes freezer as well as an integrated hot-bad system which ensures that pizzas are delivered properly according to the customers requirements. The main reason behind this is, if customer orders pizza as well any drink then while delivering that product it should not be get cold or hot visa-versa. They also researched from different group of people that companys branding was one of the good indication of the product quality. According to Schnatter these improvements are nothing but process of refinement rather than any change that may be disastrous. The factors such as company culture develop a framework which contains the processes and also modeling a consistent eager to deliver better plays major factors in quality improvement standards. In one of their visionary statements not only includes business growth of this company but also growth of Papa Johns employees. Finally whole quality standards would be implemented by people only therefore they are also attracting and keeping talent. This companys fundamental based on people. In other words this company is people growing machine where team building is the vital aspect in improving quality standards. The expected outputs includes now Papa John is already the third largest pizza franchisor in the world, but they still has sights on reaching number 2 position and ultimately becoming the number 1 pizza chain in the world. The factors such as looking ahead to the next task challenge and goals give Papa John strength to achieve expected outputs. 9. Financial: 9.1 Assumption and Information: The key indicators such as stock exchange, exchange rates and interest rates, assets, import and exports manage the world economy. The country this report researches on current Papa John pizza financial condition in US. They are effectively running there pizza industry business in US and need to expand more as time grows. 9.2 Financial requirement from Papa Johns: As per the international franchise development rule of Papa John pizza the company who want to take franchise has to pay $25,000 fees for per restaurant. Out of which they have to pay $5000 at the time of agreement and rest $20,000 at the opening of the restaurant. Besides that if you want to open the sub branches they have to pay $15,000 for additional each store. 9.3Financial support and Interest rate: The interest of bank vary globally due to political stability, internal policies, government regulations etc, however the financial markets are dependence on interbank interest rates Well also according to Franchise Restaurant Development. Papa John provides assistance to Papa Johns franchisees in selecting sites, developing restaurants and evaluating the physical specifications for typical restaurants. 9.4Financial Risks: Papa john pizza needs to consider the following points before entering into INDIA such as foreign tax laws, how much restriction is made on profit which is repatriated to Papa John pizza. 10. Appendices: INDIA overview Demographic Feature: Area : 3,287,263 sq Km Population : 1,156,897,766 (July 2010 EST.) Capital : Delhi Nationality : INDIAN. Language : Hindi and 18 regional languages. Racial Groups : eclectic mixture of local religion Hindu, Muslim, Christian, Sikh, Buddhist etc. Population Growth rate : 1.5407% (2010) Birth rate : 21.72 births/1000population (2009) Age structure: 0-14 years: 30.5% 15-64 years: 64.3% 65 years and over: 5.2% Median age : Total: 25.9 years. male: 25.4 years Female: 26.6 years (2010 EST.) Death rate : 7.6 deaths/1,000 population (July 2010) Infant mortality rate: total: 50.78 deaths/1,000 live births male: 49.33 deaths/1,000 live births Female: 52.4 deaths/1,000 live births (2009 EST.) Life expectancy At birth : total population: 66.09 years male: 65.13 years Female: 67.17 years (2009 EST.) Total fertility rate : 2.65 children born/woman (2009 EST.)

Huxleys Brave New World Essay -- Huxley Brave New World Essays

Huxley's Brave New World Today, in 21st century United States, people are concerned with the fast pace of new and growing technology, and how these advances should be used. In the last decade alone we have seen major advancements in technology; in science, cloning has become a reality, newer, more powerful drugs have been invented and, in communications, the Internet has dominated society. There is a cultural lag due to the fast rate of increasing technology, and while the governments of the world are trying to keep up their role as censors and lawmakers, we as individuals are trying to comprehend the effects it has on our lives. Will these advances enhance our lives to an unprecedented level of comfort, or lead to the loss of actual happiness? In the early 1930's, when Aldous Huxley wrote Brave New World, this was a question he felt was worth asking. In Huxley's Brave New World there are two forms of happiness: physical and actual. The fulfillment of physical happiness is the basis of the New World society. Residents never have to worry about food, shelter, job security, or sickness. One will never look fat, wrinkly or become weak with brittle bones and, thus, even the fear of growing old is taken away. Mustapha Mond, one of the world controllers in the novel, sums up physical happiness with the statement: ?The world is stable now?They?re well off; They?re safe; They are never ill; they?re not afraid of death; they?re blissfully ignorant of passion and old age(Huxley 220). The characters, Bernard Marx, Lenina Crowne, and Helmholtz Watson are each looking for more than what is offered by physical happiness, they are looking for actual happiness. Actual happiness ?relates more to the mind and heart? (HH Dalai Lama 21). For example, Helmholtz has the desire to be creative and Lenina has the desire to love. Bernard Marx, knowing that he is different and considered inferior to other Alpha-plus males, has the desire to not only fit in, but to be respected by others. Other individuals in the Brave New World are content while these three characters are searching for something not given to them by the government, something beyond physical happiness. They are searching for actual happiness. Individuality, which is one of the strongest values in the United States today, is taken away at the moment of conception in the B... ...e a prophetic tone seventy years after it was written. Our society?s priorities, like the one in the Brave New World, seem to be quite shallow in its obsession with physical appearance and conspicuous consumption of material objects. People undergo surgery to improve their appearance and maintain their youthful image of themselves. People, generally, judge others as well as themselves by their possessions, status, and appearance, rather than the quality of their character. Cloning is no longer science fiction, and with increasing technology, the absolute need for mothers and fathers could disappear. At what point does social stability outweigh human nature? There needs to be a balance between physical and actual happiness, and where the proper balance should be is questionable. Huxley doesn?t have the answer, but he leaves the reader with an idea of why balance is so hard to find: ?Actual happiness always looks pretty squalid in comparison with the overcompensations for misery? (Huxley 221). WORKS CITED: Huxley, Aldous. Brave New World. New York: HarperCollins, 1998. Lama, HH Dalai. The Art of Happiness. London: Hoddler and Straughton, 1999.

All That Glitters Are Not Gold Essay

All that glitters is not gold is a well-known saying, meaning that not everything that looks precious or true turns out to be so. This can apply to persons, places, or things that promise to be more than they really are. The expression, in various forms, originated in or before the 12th century[1] and may date back to Aesop.[2] Chaucer gave two early versions in English: â€Å"But all thing which that schyneth as the gold / Ne is no gold, as I have herd it told,† and â€Å"Hyt is not al golde that glareth.† The popular form of the expression is a derivative of a line in William Shakespeare’s play The Merchant of Venice, which employs the word â€Å"glisters,† a 17th-century synonym for â€Å"glitters.† The line comes from a secondary plot of the play, the puzzle of Portia’s boxes (Act II – Scene VII – Prince of Morocco): All that glisters is not gold; Often have you heard that told: Many a man his life hath sold But my outside to behold: Gilded tombs do worms enfold. Had you been as wise as bold, Young in limbs, in judgement old Your answer had not been inscroll’d Fare you well, your suit is cold. Panning for gold often results in finding pyrite, nicknamed fool’s gold, which reflects substantially more light than authentic gold does. Gold in its raw form appears dull and does not glitter. â€Å"Not all that glitters is gold† is an alternative formulation.[3][4][5] The inverse of this expression, â€Å"All that glitters is gold,† is a lyric in the Led Zeppelin song, â€Å"Stairway to Heaven†, the Smash Mouth song, â€Å"All Star† and theDeath in Vegas song, â€Å"All That Glitters†. It is also used as lyrics in the song â€Å"A Guided Masquerade† by Alesana. A variation of the saying is used in Kid Cudi’s song â€Å"Pursuit of Happiness†, in which it goes: â€Å"I’m on the pursuit of happiness and I know everything that shine ain’t always gonna be gold.†

Free Essays on Effects Of Learned Violence From Watching TV

Many television programs involve a substantial amount of violence in one form or another that affects people to think that television is the cause of violence in today’s youth. Many have questioned whether television disturbs the minds of adolescent children who can not yet comprehend the truth of fiction and reality. Violent television viewing affects younger children more since their perception of what is real or unreal is not as acute as an older adult - meaning that aggressive adults learned their behavior as children. By watching portrayals of violence, children learn to accept aggressive behavior by becoming desensitized to the effects of violence and imitating it by modeling the actor’s aggressive behaviors. According to the Institute for the Social Research, an aggressive behavior is a learned behavior which is being taught to our children by the media violence that they are exposed to daily (Chen, 1994 p.23). In Aggression – A Social Learning Analysis, written by Albert Bandura, indicates that sometimes watching a single violent program can increase aggressiveness. Children who watch television depicting violence as realistic, unpunished, and frequently repeated are more likely to imitate what they see (Bandura, pg.25). The impact of viewing violence on television may become immediately evident in the child’s behavior, or it may surface later (Canton and Wilson, 1984). While violence portrayed on television is not the cause of aggressive behavior, it is clearly a significant factor. Children â€Å"are predisposed to seek out and pay attention to violence, particularly cartoon violence (Canton and Wilson, 1984). It is not the violence itself that makes the cartoons attractive to preschoolers, but the vivid images accompanying them. Preschoolers are unlikely to put the violence in context since they are likely to misunderstand the violent images being portrayed – children cannot comprehend fiction from reality... Free Essays on Effects Of Learned Violence From Watching TV Free Essays on Effects Of Learned Violence From Watching TV Many television programs involve a substantial amount of violence in one form or another that affects people to think that television is the cause of violence in today’s youth. Many have questioned whether television disturbs the minds of adolescent children who can not yet comprehend the truth of fiction and reality. Violent television viewing affects younger children more since their perception of what is real or unreal is not as acute as an older adult - meaning that aggressive adults learned their behavior as children. By watching portrayals of violence, children learn to accept aggressive behavior by becoming desensitized to the effects of violence and imitating it by modeling the actor’s aggressive behaviors. According to the Institute for the Social Research, an aggressive behavior is a learned behavior which is being taught to our children by the media violence that they are exposed to daily (Chen, 1994 p.23). In Aggression – A Social Learning Analysis, written by Albert Bandura, indicates that sometimes watching a single violent program can increase aggressiveness. Children who watch television depicting violence as realistic, unpunished, and frequently repeated are more likely to imitate what they see (Bandura, pg.25). The impact of viewing violence on television may become immediately evident in the child’s behavior, or it may surface later (Canton and Wilson, 1984). While violence portrayed on television is not the cause of aggressive behavior, it is clearly a significant factor. Children â€Å"are predisposed to seek out and pay attention to violence, particularly cartoon violence (Canton and Wilson, 1984). It is not the violence itself that makes the cartoons attractive to preschoolers, but the vivid images accompanying them. Preschoolers are unlikely to put the violence in context since they are likely to misunderstand the violent images being portrayed – children cannot comprehend fiction from reality...

The centuries, developments in transportation and communications technologies The WritePass Journal

The centuries, developments in transportation and communications technologies Introduction: The centuries, developments in transportation and communications technologies Introduction:References:Related Introduction: Throughout the centuries, developments in transportation and communications technologies have weakened the barriers of space and time and brought people progressively closer together (Isard, 2005, p.3). Along with the increasing connectedness, the cooperation of international trade, economy, education and cultures also have become integrated, and this progress can be defined as globalization. The economic area perhaps is the most significance symbol of globalization. A well-regulated financial market is the cornerstone of the global economy. As an indispensable part of economic globalization, financial globalization plays a key role in promoting the economic development and stability. According to a number of policies and methods, it could help to raise the growth rate in developing economies through foreign direct investment, risk management, technical assistance and so on. However, the financial globalization not always show the positive effects, financial crisis could leads to pan ic and economic depression, even develop into a disaster. Therefore, global economy can profit from getting a clearly perspective of financial globalization, and to make global economy system work better. This essay describes the increasingly developing period of financial globalization through two significant organizations, and then discusses the benefits of it. For the developing economies, several strategic policy measures and organizations are established to avoid international economic disorder and promote global cooperation. In recent decades, high capital mobility and a great deal of gross international financial flows are the results of the increasingly significant financial globalization, especially in the developing economies (Obadan, 2006, p.317). In this aspect, private capital flows to developing countries increased dramatically from US ï ¼â€ž62 billion in 1991 to almost USï ¼â€ž226 billion in 2000, and falling to USï ¼â€ž160 billion in 2001(World Bank, 2002, p.32). Also, according to Obadan (2006, p.317), â€Å"between 1997 and 2000, cross-border capital flows increased from less than 3% of GDP to 17% for advanced economies and from virtually nothing to about 5% for developing economies†. The International Bank for Reconstruction and Development (the World Bank) and the International Monetary Fund (IMF) are two main or ganizations, which promote global cooperation and avoid international economic disorder. The World Bank was established to finance economic reconstruction and development. The IMF has four purposes first of all, it promotes international monetary cooperation. it also facilitates the expansion of international trade. To be specific, the IMF creates employment opportunities, improves real income and develops the productive resources. Thirdly, it maintains an orderly exchange rate system. Lastly, the IMF makes some financial resources available to members to decrease the balance of payment adjustment (Isard, 2005, p.69). Until now, there are 187 countries participated in this organization to promote international monetary cooperation (IMF, 2011). Financial globalization boosts the economic development through economic reforms and financial liberalization and capital markets able to access private global capital markets. The increasing trans-border financial flows through various channels contribute to integrate the financial markets into a global whole. And a myriad of benefits come from the development of global financial integration. One benefit of financial globalization, for the developing countries, is improving access provides a rich source of capital at a lower cost. And abundant capital makes increase potentially productive and creditworthy projects available (Das, 2010, p.100). Take the emerging-market economies (EMES) as an example, EMES are able to provide more cheaper loans than main lending markets. Secondly, the advanced industrial economies not only can get higher rates of return due to the cheaper loan interest rate, but also can diversify risk by investing in the EMES. Thirdly, a growing number of branches of financial institutions, which come from advanced industrial economies, improve the level of efficiency of local institutions with the increasingly fierce competition (Das, 2010, p.101). Fourthly, governments also profit from the competition. The authorities learn the value of market discipline and pay for the policy mistakes and establish new macroeconomic policy discipline (Das, 2010, p. xvii). As an inevitable part of financial globalization, the global financial crisis showed the huge negative effects on world’s economies. Past episodes of financial globalization were all success cases for contributing to financial stability and supporting high growth of economy, yet they all meet the crises. On 15 September 2008, Lehman Brothers, which was the fourth largest investment bank in the USA, declared bankruptcy, and this lead to the financial crisis spilled over globally (Das, 2010, p.127). The bankruptcy of this excellent investment bank shocked the financial world, causing panic in the global financial system. At this point, a great deal of the world’s largest banks were short of money, even some of them were near collapsed. However, why the current crisis happened so suddenly after more than 15 years of successful growth of the global economy? One major course of this financial crisis was the built-up of risk. Some banks and financial institutions over puddle the sub-prime mortgage because of greedy, even they lent money to some people who had problems repaying the loans. This lead to excessive risk was built-up in the global financial system for a long time, and this bubble burst until the risk was too high to afford (Das, 2010, p.132). With the financial cooperation closer and closer, this current crisis was widespread. According to IMF (2009), there were 78 countries recorded negative GDP growth in 2009. More and more economies realized that this crisis was totally a disaster of global economy, and they started to look for some measures to deal with it. Global crisis requires a global solution, for this reason, many countries and economies worked together to solve problems. For instance, Chinese government and American Government provided $ 600 billion and $ 700 billion separately to stimulate economic development. On the other hand, the IMF and the World Bank published a series of polices and provided much cheaper loans to encourage economic recovery immediately. Obviously, financial globalization plays a key role in economic globalization, and boosts the economic development. It leads to high capital mobility and a large volume of international financial flows. Financial globalization results in several benefits on the economic growth.   It also shows some negative effect on the global economy simultaneously, particularly the serious financial crises. However, the key challenge is not to resolve whether the advantages outweigh the disadvantages but to find effective measures to address the problems, which are caused by the financial globalization, to make the process of financial globalization work better (Isard, 2005, p.6). References: Das, D. K., 2010. Financial globalization: growth, integration, innovation and crisis. London: Palgrave Macmillan. International Monetary Fund, 2009. World Economic Outlook. Washington. DC. April. International Monetary Fund, 2011. About the IMF. (Updated 23 May 2011) Available at: imf.org/external/about.htm [Accessed 24 May 2011]. Isard, P., 2005. Globalization and the International Financial System. Cambridge: Cambridge University Press. Obadan, M.I., 2006. Globalization of finance and the challenge of national financial sector development. Journal of Asia Economics. 17, pp.316-332. World Bank, 2002. World development indicators. Washington, DC: The World Bank.

Current Event Article 5 Essay Example | Topics and Well Written Essays - 250 words

Current Event Article 5 - Essay Example The article has rather taken a variable approach to find out the perception of subjects regarding corporate finance. The findings of the research show that the board size, family influence and small business growth etc. are some of the factors that have high impact on the small sized business in India (Gill, Biger2 and Mand). The authors have contributed in the existing literature of corporate finance. It should be noted that the literature regarding the corporate finance in Indian business cases have been limited. This research has taken a very systematic yet descriptive approach towards finding out the hypothesis. This research can be employed by companies of smaller board sizes that are trying to saturate their product in markets where extreme competition is being noted. The material has been backed up by relevant sources and peer reviewed journals. The facts and figures have been provided for the readers in a simplistic language. General readers can also be interested in the conclusion make by the

Introduction to the Bacteria Research Paper Example | Topics and Well Written Essays - 1000 words

Introduction to the Bacteria - Research Paper Example Bacteria differ in their nature as some contain additional features such as flagella, which helps them in moving and protecting the slim capsules. They also exist in varying shapes and sizes because some are rod-shaped, round, comma-shaped and spiral. Some bacteria cause diseases while many others are important to human beings as they support them in living healthily (Storey 339). The useful bacteria exist on the skin surface, genitals and in the intestines. The bacteria found on human skin are important because they clean the waste material on the skin surface hence preventing dissimilar skin infections. The bacteria in the intestine help in the breaking up of food molecules, thus allowing the body to absorb important nutrients (Storey 340). Cause of disease and the interaction Bacterial diseases occur in different forms, therefore, for a person to avoid it, it is vital to have the knowledge concerning the disease. The bacteria cause different types of diseases ranging from skin dis eases to tuberculosis and bubonic plague. It is easy for an individual to get bacterial diseases because bacteria are single-celled microscopic organisms, hence, seeing them with a naked eye is impossible. Bacterial diseases occur because of harmful bacteria, also called pathogenic bacteria, getting into the human body. These bacteria can get in the human body through contamination of bites, eating unhygienic food, sexual contacts with the infected person, sharing needles and touching dirty areas. When these bacteria get into the human body, they initially enter the blood system, where they find a good environment with optimal conditions for growth. Even though their growth rates are low when in blood, they reproduce considerably within a few days (Storey 342). A bacterium is capable of causing diseases such as throat and ear infections to children. In addition, the bacteria can also cause other diseases to adults, for example, tuberculosis, plague, syphilis, and cholera. Bacteria c ause disease because of varying aspects, which include their toxicity, autoimmune activity such as destroying the human body tissues while others can reproduce, hence increasing their presence in the body. This affects the body working mechanisms. Bacteria become harmful to the human body because too many of them produce toxins that have chemicals that cause inflammation and kill nearby cells. These toxins are capable of causing diseases because the bacteria producing them reproduce, hence, increasing the amount of the toxins. Therefore, these bacteria create holes within the cell membranes, killing the cells. Such bacteria negatively affect the immune system of the human body thus leading to internal bleeding and damage to the body. Pathogenic bacteria also culminate in varied infections and diseases in human beings. The bacteria infect the human body, multiplying and reproducing at a very high rate within different vestigial organs (Storey 343). The bacteria also stick on the cell membranes, destroying them and spreading infectious diseases among individuals. In addition, the bacteria found on the skin of humans are also capable of causing different types of diseases. These bacteria are responsible for causing and spreading infectious diseases, which include bubonic plague, a life-threatening disease. Bacteria of Yersinia pestis variety cause this disease. Bubonic plague occurs in different forms commonly spread by rats and fleas and then transferred to the blood system of the human body. The incubation rate of this infection ranges from two to seven days (Storey 343). Cholera is also among the common diseases resulting from bacterial infections.  Ã‚