Nissan Motors Essay Example for Free

Nissan Motors Essay Dramatic loss in 2008 was wake up call for Nissan Motors Head Office, and the CEO of the company has conducted a meeting with fellow managements and shareholders to discuss the recovery plan for the company. As a result, he came up with Five year recovery plan detailed below. 1. Categorise by geographically- they categorised their market into three regions: Americas, Asians, AMIE which includes Africa, Middle East, India and Europe includes Russia. Each regions manufactured car will be sold in the nearby countries, saving transport cost. 2. Change in targeted customers- theres been sale increase in China and India, Nissan focused on selling more cars to those areas instead of the main customers such as USA, by doing that theyre making cars that meets the certain countries, for example in Japan, people buy car to get from A to B, whereas in Europe, people tend to go for money saving cars (eco-friendly/efficient 3. Reducing overall wage bill- means Nissan stopped hiring new staff, cut overtime, and introduced work sharing. Also, they made redundant of 20,000 workers in high cost countries including 1,500 in the UK. In Asia, they temporarily reduced salaries of cooperate officers by 25%, general managers by 20%, and other staff around 15% and eliminated bonuses and compensations. 4. Scrap scheme- In 2009, 10y+ cars can be exchanged for à ¯Ã‚ ¿Ã‚ ½2000 towards their new car. It encouraged people to buy new car to help car manufactures to grow, bring more customers and replaced old cars with new ones. Nissans Scrap Scheme They extended the scheme for drivers exchanging 8-10 year old car to buy any British build range that includes any new Nissan Micra, Nissan Note, Nissan Qashqai. That means some people managed to buy British built Nissan Micra for as little as à ¯Ã‚ ¿Ã‚ ½5,995. CONCLUSIONS From the table above, it is clear that it has been a wake up call for the company. They recognised it quickly and came up with a solution that has worked for them perfectly. According to BBC website, they published that Nissan Motors recovered fully in three years instead of five, which is great news, however they cannot sit back and relax as the global economy is not yet fully recovered and there is a chance that foreign currency might fall and rise anytime again. Press are saying that they recovered, but according to the speech of the CEO of Nissan Motors, hes claiming that they are still in their recovery mode and continuing to watch their expenses and preparing for any event that might come up in the future. BIBLIOGRAPHY www.bbc.co.uk

Women in Management of Grief and A Pair of Tickets Essay -- Women Imag

Women in Management of Grief and A Pair of Tickets Both Management of Grief and A Pair of Tickets were written by women and about women. Authors were able to portray an image of women which differs from the traditional, stereotypical literary image of feeble and delicate creatures who needed to be cared for. Women in these stories were faced with horrible tragedies, but the determining element in their experience was not so much what happened to them but how they took it. After reading first few pages of Management of Grief one may see Shaila as "traditional" Indian woman who due to her upbringing was not even comfortable enough with her own husband: "I was too much the well brought up woman. I was so well brought up I never felt comfortable calling my husband by his first name" (Mukherjee 537). For a person who grew up in North American society this revelation may seem to come from an oppressed female, but later on in the story we learn that protagonist could stand up for herself and for other women, like in the airport incident. There again we were reminded of the way she was brought up: "Once upon a time we were well brought up women; we were dutiful wives who kept our heads veiled, our voices shy and sweet" (543). Only this time the statement is ironic. Shaila's actions show us that she is far from the voiceless, week female she was brought up to be. Shaila was not responsible for her own heredity. She could not control much of her environment ...

Economic theory of mercantilism Essay

Mercantilism was popular and it was the prevailing economic philosophy in the Great Britain, the Netherlands, Spain, and France from the 16th to the 18th century (Gabay, et al. 2007). Gabay, ET al. asserts that according to the theory of mercantilism, for a nation to become rich and powerful, it needs to export more and import less. This basically meant that a nation on its conquest to grow richer, it had to achieve that at the expense of other nations. The difference would be an inflow of precious metals mostly gold. The more gold a nation had the richer and powerful it was. Due to this idea, mercantilists pushed for the government to restrict import and stimulate export and the fact that not all nations could do this, the mercantilists acquired precious bullion or precious metals at the expense of weaker nations (Gabay, et al. 2007). According to Ingrid Hahne Rima (2009) the larger issue of the role of trade in raising living standards of the English was not the concern of the mercantilists. For them the purpose of trade is to enrich the king and strengthen the nation politically. Rima asserts that their â€Å"fear of goods† was rooted in the premise that the quest for gold, like the quest for territory, is a zero-sum game; that is, more for England is at the expense of Spain, Italy, and Holland, and vice versa. According to Ingrid Rima (2009), most mercantilists suspected a direct relationship between the quantity of money and the level of prices. The earliest theoretical analysis of the relationship between the quantity of money and inflationary price increases was made by the sixteenth century French political philosopher Jean Bodin. He attributed the marked price rise experienced by Western Europe in his time primarily to the inflow of monetary metals from South America. Rima states that Bodin also observed that monopolies, through their policies of restricting output, and large demands by consumers of luxury commodities contributed to price increases. According to Rima, since few mercantilists favored inflation, their recommendations for a continuous accumulation of monetary metals via a favorable balance of trade appears contradictory. The mercantilists typically thought that increases in the amount of money â€Å"quicken trade† instead of producing an inflation of prices. Their advocacy of a favorable balance of trade, with its associated inflow of specie, was thereby rescued from a seeming contradiction of objectives. According to Rima, this line of reasoning reflects awareness that a growing volume of money and credit is essential to continued expansion of the physical volume of trade. Mercantilist reasoned that an inflow of hard money would keep interest rates low, while the downward pressure on prices resulting from an inadequate supply of money would serve to dampen further expansion of economic activity. Mercantilists seemed to sense the necessity of avoiding downward pressure on prices if commercial activity was to be expanded (Ingrid Hahne Rima, 2009). According to Walter LaFeber (1998) the mercantilist solicitude for production did not arise originally from a fear of overproduction, underemployment, or overpopulation. The desire for a favorable balance of trade which would result in an inflow of bullion caused the seventeenth-century thinkers to want increased production. Preoccupation with the wealth and growth of the state and the acquisition of treasure played a vital role by setting the stage for a number of corollary doctrines and policies intended to foster the achievement of these goals (Ingrid Hahne Rima, 2009). Rima states that the theory of production is of major importance, for the creation of the largest possible export surplus requires maximum utilization of the factors of production. Rima asserts that mercantilists distinguished between productive and unproductive labor in terms of its contribution to the national opulence. Manufacturers and farmers were regarded as productive, though the warmest praise was, understandably, reserved for merchants. It was also urged that the government hold the number of unproductive people to a minimum in order to direct their labor to some more useful occupation. According to Rima, mercantilist ideas on production are part of their legacy from the Scholastics of the medieval period, who regarded wealth as evidence of God’s bounty and production as the exploitation of this bounty by labor. According to Rima, another aspect of mercantilist emphasis on the importance of labor in production is the encouragement of population growth, not for the sake of mere numbers, but to increase the size of the working force. It was generally accepted that a large population, by keeping wages close to subsistence levels, would not only reduce the cost of producing goods but would also discourage the idleness that might become associated with higher wage levels. One of the most interesting bits of mercantilist reasoning incorporating views on both labor and balance of payments, according to Rima, was that when goods were exported, foreigners, in effect, pay the wages of the workers employed in making them, whereas imports involve like payments to foreigners. The obvious duty of government would therefore be to minimize foreign imports in order to achieve a favorable balance of foreign-paid income. Rima asserts that bullion is the most desirable import because it is wealth, and also has little labor incorporated in it s compared with the manufactured exports. During the era of mercantilism, economic behavior began to manifest itself through commercial activities. This is according to Ingrid Rima (2007). Rima states that mercantilist thinkers emphasized the importance of commerce and industry and the role of state in promoting economic development and national wealth (Ingrid Hahne Rima, 2009). References Gabay, Et Al (2007): Economics: It’s Concepts & Principles (w/ Agrarian Reform & Taxation) 2007: Rex Bookstore, Inc. Ingrid Hahne Rima (2009): Development of Economic Analysis 7e: Taylor & Francis Walter LaFeber (1998): The new empire: an interpretation of American expansion, 1860-1898 Cornell paperbacks: Cornell University Press

The Plan And Budget After The Homeland Security - 792 Words

The steps involved in developing a Homeland Security Plan and Budget after the Homeland Security Assessment of the organization has been completed is to first develop the Vision statement The Vision statement is XYZ organization will be the industry leader in providing â€Å"Best Practices† that support homeland security among employees, suppliers, partners, and customers. The second step is to develop the Mission statement, and Mission statement creates ownership of homeland security initiatives among all levels of employees throughout the organization.The third step is developing the Shared Values.Shared Values include Sharing of â€Å"Best Practice† homeland security initiatives with all employees, suppliers, partners, and customers. Also it†¦show more content†¦The strategy for Managers and supervisors to be held accountable for meeting the organization’s strategic plans and goals for homeland security the cost is $ 500. The strategy for Senior leadership to increase involvement in key supplier, partner, and customer homeland security initiatives the cost is $2,000. The total cost of all the leadership strategy is $4,500 (Fisher,20 13,p.211, ). Strategic Planning is the second Objective, and this objective is to develop a strategic homeland security plan,which Involve employees, suppliers, partners, and customers in the organization’s strategic planning process for homeland security. Then develop a recognition budget for homeland security. Next Benchmark other leading organization’s homeland security initiatives and use findings to improve security initiatives. The total cost of the Strategic planning objective is $10,500. Customer and Market Focus is third Objective, and it Align homeland security initiatives with key customers and markets. First Survey key customers annually regarding homeland security initiatives that are offered. Also, Benchmark organizations that provide value-added homeland security initiatives to their customers. Next, Review industry offerings for homeland security initiatives. Last,Provide key customers value-added homeland security services that are aligned with the organization†™s market plans and goals. The total cost of the Customer and