Free Essay

Next 11

In: Business and Management

Submitted By sugandeep
Words 2838
Pages 12
Global Business Research
&
Analysis
402
(SEC 103)

Project # 1

June 8, 2012

Cover letter
7 Susan Street, Scarborough, Ontario, M1G1N6
Phone: 647-534-7155 cells: 647-534-7155 sugandeep88@yahoo.com June 8, 2012

Dr. Julie Nguyen
Centennial College
941, Progress Avenue
Toronto, Ontario
M5B1M4

Dear Professor:

I am happy to show you my research project on the topic “ Prospects of Canadian Trade and Investment with the Next Eleven”.

In the research I have shown that the economic growth of the N-11 countries is likely to increase on a large scale in the years to come. Most of the major countries of the world are focusing on investing in BRIC (Brazil, Russia, India, China) but they are least concerned in investing with the N-11. In my research i have shown that investing in N-11 can prove out to be very profitable. I have particularly focused the trade and investment relationship between Canada and one of the Next Eleven countries that is Vietnam. In my research you can see the raw and products that Canada is exporting to Vietnam. The GDP of Vietnam is increasing rapidly year by year. Canada export business with Vietnam is rising up as the time is passing by. Canada is exporting the products that Vietnam needs.

I have attached my research project paper along with this cover letter. I hope that my project will provide some value and knowledge about the subject though it being my first research project.

Thanking You

Yours sincerely
Canada Exporting and Investing in N-11 (Vietnam)

Abstract: -
In this research project, I would like to show how Canada is investing in the Next Eleven countries particularly Vietnam. There are many sectors in which Canada is investing in these countries. Some of the major sectors in which Canada is investing are agro food trade and industry. I would like to discus about the possibility of Canada to invest in the businesses in countries in Next Eleven. Nowadays the world is concentrating in trading and investing in BRIC (Brazil, Russia, India and China). At present the economy rate of BRIC is too high so all the major countries of the world are investing in these countries so as to get the maximum output and revenues. But they have forgotten that the GDP of the countries that comes under Next Eleven is going to reach heights in the 21st century. Investing in these countries can prove very successful in the years to come. In my research I would like to show in which industry or field Canada should invest so as to get the most out of it. There are many sectors in which a country should invest but there certain sectors like automobile industry, agro food, import export, food beverages (http://www.tradecommissioner.gc.ca/eng/offices-vietnam.jsp) and agriculture and forest industries. I would like to discuss the benefits for Canada in investing in food and beverages in the country like Vietnam.

Keywords: - BRIC, N-11, Food and Beverages, Vietnam, Trade, Investment

Introduction
“The Next Eleven” signifies the 11 countries that are very likely to be amongst the world’s largest economies in the 21st century. The countries that come under the “Next Eleven “ are the ones who have a possibility of high growth and investment. It is very likely that these countries can be amongst the economy dominated of the world. Other countries will be looking forward to open their businesses in these countries because they show very high potential of growth and revenue. The countries that are already developed are looking forward to expand their businesses in these countries because the likelihood that the companies will get profit in these countries is high. The factors that hold these countries strong are that these countries are open to trade, have strong political view and industry stability. The countries that come under the Next Eleven are: - * Bangladesh * Iran * South Korea * Vietnam * Mexico * Turkey * Philippines * Indonesia * Nigeria * Pakistan * Egypt

These Next Eleven countries consists the mixture of countries that are developed, the countries that are industrialized, countries that are developing and countries that are least developed. South Korea is the most developed country from rest of all the Next Eleven countries. South Korea has high level of income, high GDP, democratic and the markets are developed. Iran, Philippines, Turkey and Mexico come under the category of industrialized countries. The level of income economy in these countries is upper middle. Indonesia, Egypt, Nigeria, Pakistan and Vietnam are the developing countries. The country that is least developed country in the Next Eleven is Bangladesh.
Instead of focusing only in BRIC (Brazil, Russia, India and China), Canada should focus to do business as it has a very high probability of economic growth in the years to come. The following graph shows the increase in growth of BRIC and N-11

Literature Review: -
According to Goldman Sachs (2012), N-11 countries are the ones who are very likely to show growth in economy prospective in the years to come. The author says that nowadays all of the major countries are concentrating on BRIC. They are very less concerned the N-11. N-11 will show a massive growth in the trade and economy in the years to come. Gold tries to explain that investing in two speed world can prove out to be very helpful and profitable. By the word two speed world means BRIC and Next Eleven countries. According to his research it clearly shows that in the years to come, the N-11 and BRIC will be among the world’s strongest economy countries.

Canada exporting Food, Fruits, Meat and Poultry to Vietnam: -
Vietnam is amongst the fastest growing in terms of economies in the world. From last ten years, Vietnam has been expanding at an average rate of 7.2%. Vietnam also holds a key position as a strategic investment country for the betterment of cost effectiveness of the supply chains globally. Vietnam is one of the strong nations in the world who has a possibility that b the year 2020, its GDP is going to get double. If we compare it with India and Indonesia, the GDP of Vietnam will expand as twice as before. http://insightvietnam .wordpress.com/2011/02/11/vietnams-gdp-per-capita-growth-rate-2008-vs-2020/

There are many sectors in Vietnam in which Canadian companies are investing. Some of the sectors are education, training, forest industries, Information Technology, Food and beverages and agriculture. The major sector that Canada should concentrate with Vietnam is Food and Beverages. In the year 2008, Canada had a total export of near about $91.7 million in food and beverages. Vietnam is constantly importing foods and beverages from Canada as it turned out to be very successful in the market. The demand for the imported food has increased day by day in Vietnam. The quality of the food that is imported from Canada is good, safe and healthy.
Canada also exports meat and poultry to Vietnam there is high demand of meat and poultry. Vietnam wants good quality and hygienic meat. There is an increase in the supply of foods amd beverages as well as in meat and poultry. The following graph shows the constant increase in the export of meat and poultry to Vietnam

Lifting the barriers of the market of Vietnam: -
There were certain barriers to the market of Vietnam. Canada was successful in lifting up the barriers. Canada was able to raise the ban on beef’s heart, kidneys and liver and started trading all these. Vietnam also issued new and improved health certificates for the feather meals and for the poultry/ chicken industry. Canada’s fruits are very popular in Vietnam. Apples and cherries are the main fruits that Canada exports to Vietnam. The taste and quality of these fruits in Vietnam is as such that there is a huge demand in the markets of Vietnam. And the demand of the Canadian fruits is increasing day by day. Not only to Vietnam, Canada is exporting its fruits to almost all the countries that’s comes under in Next Eleven. Next Eleven countries are not very rich, they are middle-income level countries, and they require a lot of quality products and food. Canada is providing the same to them.:
After every interval of time Canada organizes various events and audits in order to make their trade stronger with Vietnam and amongst the countries in the Next Eleven.
The current market trend in Vietnam: -
In Vietnam, large firms produce very less proportion of the meat that is only 12% of the meat. The firms that are medium or small scaled produce the rest of the supply of the meat. Hence the meat that is produced in these small and medium firms is not of god quality and fresh. These industries are only concerned to sell their meat just for the sake of it. Only 12% meat that Vietnam is getting from larger reputed firms is healthy and of good quality. The government has done a research that majority of the people in Vietnam buy meat from the middle and small-scale firms. These firms do not meet the hygienic standards.
The industry of Livestock is very important to the rural area economy of Vietnam. It has a huge contribution towards the GDP that is 27%. The main source of food from the rural communities in Vietnam is livestock. It also helps to accelerate the capital.
Nowadays, as the wealth level of an individual is increasing day by day in Vietnam, people have stopped purchasing from the markets that provide unhealthy food and meat. Now people want more quality in what so ever food they eat. The demand of hygienic food in Vietnam is on its roll. These demands of consumers have given rise to a fear in the government that there is a possibility that the imports will get stimulated. The high rate of consumption of Vietnam and the growing GDP rate can be seen in the chart below:

As in order to fulfill the demands of the people, the level of import of the foods and beverages from Canada has increased. Canada is one of the countries of the world that focuses on the quality more than the quantity. The quality of the food that Canada produces is very safe and healthy. The fruits are properly examined, packed and Supplied by Canada to different places. Canada has certain quality standards through which every product it produce has to go through. Foods and Beverages are given to laboratories in order to meet the vitamin, mineral requirement of the product.

Opportunities in future in Vietnam and other Next Eleven countries: -
It is very likely that In the next coming 3-5 years there is a high probability that Canada will be able to trade their products with Vietnam and other countries as the pull of demand is likely to rise in that time period. There is an expectation that Canada can increase its supply of the food and beverages, poultry and the meat to these countries. If Canada will take full out of this opportunity then they will be able to compete with these countries commodity market. These commodity markets are extremely price focused and likely to be continuing in future also. Canada has the potential and works with a strategy and is able to make strong links to the markets of N-11.
Apart from such exports to N-11, Canada should also focus in investing in some other fields that are environment friendly and provide good for Canada and other countries as well from the economic growth point of view. There are other sectors also like merchandise industry, telecommunication, automobile industry that needs concentration. According to the research, there is a demand of food and beverages in N-11 countries, but there are other sectors also that can provide good output.

Research limitation: -
The research that I have done for this project may have certain limitations. I have taken references from certain internet sources that may not be 100 percent authentic. I have had questionnaire with certain people regarding the project those who are in the import export field, it is possible that they have or they don’t have the exact knowledge about the subject. . I have taken some material from the books from the library. I explored certain newspapers regarding imports in Vietnam on the internet. The main limitations are the people from whom I have asked about the information and the internet.

Conclusion: -
According to me, Canada should not invest in the meat, poultry and food but also in other major sectors in which N-11 sectors are short of. There are certain areas like automobile industry, chemical industry and oil. As N-11 is a group of countries that does not really have high level of income Canada should try to invest in planting large businesses in such countries so as to give employment to the people there. One of the major section in which N-11 countries lack in is Education. Canada should invest in education institutes so as to give the people in N-11 professional knowledge and guidance. From the business point of view, Opening new colleges and school in N-11 can prove out to be a profitable business.

Bibliography: -

1. Sachs, G. (2011, october). Investing in two speed world. Retrieved from http://www.fidelity.com.sg/pdf/market_commentaries/2011-10-05The2SpeedWorld.pdf 2. Vietnam’s gdp per capita growth rate 2008 vs. 2020. (2011, february 11). Insight Vietnam. [Audio podcast]. Retrieved from http://insightvietnam.wordpress.com/2011/02/11/vietnams-gdp-per-capita-growth-rate-2008-vs-2020/ 3. Government of Canada, The Canadian Trade Commissioner Service. (2011). An investment guide to vietnam. Retrieved from website: http://www.tradecommissioner.gc.ca/eng/document.jsp?did=91398&cid=539&oid=852 4. Government of Canada, Cosnulate General. (2011). Canada–vietnam relations. Retrieved from website: http://www.canadainternational.gc.ca/vietnam/bilateral_relations_bilaterales/index.aspx?lang=eng&view=d 5. The next 11 emerging economies. (2008, February 04). Retrieved from http://blog.euromonitor.com/2008/02/the-next-11-emerging-economies.html 6. Stanton. The embassy of Canada in Vietnam, Regional Agro-Trade Officer Commissioner. (2010). Retrieved from website: http://docs.google.com/viewer?a=v&q=cache:22vLYwm8HXMJ:www.ats-sea.agr.gc.ca/ase/pdf/5682-eng.pdf canada exporting meat and poultry to vietnam&hl=en&gl=ca&pid=bl&srcid=ADGEEShoZVhhZbOnmbzLkd7UAYX-wkkwVoxrPnyg3Y_NbLrE7kQh-wesGWTP3o0ZSTqUEyBd3iQ9gy2vJwtYz304H_E2xsS4qy5mYs1zpc9b9I0qS1vDi2ghDSixb6_DROSfUobtThBZ&sig=AHIEtbSrSTqSTq1V9fPTe-hygIHv-ktBmQ 7. STOYAN BOJINOV. (2010, November 23). Etfs for the “next 11″ economies. Retrieved from http://etfdb.com/2010/etfs-for-the-next-11-economies/ 8. Michael Viberg Pedersen. (2011). World of opportunities bric & n-11. Retrieved from http://webcache.googleusercontent.com/search?q=cache:y6Gv4O7T_GUJ:www.hubnorth.dk/Files/Billeder/HubNorth/V1/Aktivitet/DIBD%20at%20Hub%20North%2014%20MAR%202011.pdf bric and n11&cd=4&hl=en&ct=clnk&gl=ca 9. Agriculture and Agri-Food Canada, Agricultural Department. (2009). Canadian confectionary industry. Retrieved from website: http://www4.agr.gc.ca/AAFC-AAC/display-afficher.do?id=1171977485451&lang=eng 10. Vietnam's prime minister to deliver keynote address at vietnam-canada business forum in toronto. (2005, June 24). Retrieved from http://www.asiapacific.ca/taxonomy/term/2047?page=3 11. Goldman Sachs. (April 2011). Fundamental equity market insights. Investing in N-11, 1. Retrieved from http://docs.google.com/viewer?a=v&q=cache:MyL2qbqggzsJ:www.goldmansachs.com/gsam/docs/funds_international/education/articles_and_whitepapers/fe_mrktinsights_investing_in_the_n-11.pdf gdp of n-11&hl=en&gl=ca&pid=bl&srcid=ADGEESiZjtymnov6IZo3GnReRn8g7SHba4cotnI8l8C-2ky1qY5nc7pHIZm6KaKPTA-XjBRmq75QGnsfw7jpD0eioXQlyGVS8M24QhubiTQ_G1Sd2c1IZTqqlLfqmveYhbEfUG_x54wk&sig=AHIEtbTDzlSW2iMszJN6sVmql9utYyyvBg 12. Cbc news: Canadian breeding cattle again allowed into vietnam. (2011, August 14). Retrieved from http://www.cbc.ca/news/canada/story/2011/08/14/canada-vietnam-cattle.html 13. Chaovietnam - welcome to our vietnam database. (2008). Retrieved from http://chaovietnam.weebly.com/market-trend.html

Marking Rubric for Individual Report: Criteriononsetation points Timesness reportaphs, APA styles, that they are good sources.rt). final version, etc | A-level | B-level | C-level | D-level | Unsatisfactory | Mark | Abstract and key words | Clear, concise, and effective | Clear and effective | Clear, could be more effective | Not very clear | Inadequate | /3 | Background (literature review) | Excellent | Good | Adequate | Acceptable | Unsatisfactory | /2 | Data analysis and interpretation; Business implications | Excellent | Good | Adequate | Acceptable | Unsatisfactory | /3 | Use of professional sources | Uses professional sources extensively and effectively | Uses professional sources sufficiently | Uses professional sources adequately | Uses some professional sources | Does not use professional sources | /2 | APA format; References | Documents sources using APA format precisely throughout | Documents sources using APA format with a few errors | Documents sources using APA format with many errors | Does not use APA format adequately | Does not use APA format | /2 | Writing effectiveness | Writes clearly, concisely and effectively | Writes clearly, and effectively, with only a few errors | Writes clearly and concisely, with many errors | Writing is unclear, with too many errors | Writing is unclear and unfocused, with many serious errors | /3 | Total: | /15 |…...

Similar Documents

Premium Essay

Pest for Next Plc

...protection legislation. This may have a direct or indirect effect on NEXT or his suppliers. Economic factors: The current economic climate in the UK is unstable and this brings short term volatility in NEXT sales which, in turn, make forecasting difficult. In addition, the weakness of Sterling against the US Dollar and the Euro, the main purchasing currencies, has brought further challenges to their buying teams. (Next financial statement, 2009) Looking at the economic environment, it is somewhat tricky since on the one hand there is the strong sterling compared to the Euro. Euroland encourages imports and try to hold domestic prices at an attractive level. But on the other hand it is difficult for the UK to be competitive outside its boundaries because of the high pound sterling exchange rate against the Euro. As NEXT sells about 96% in the UK marketplace, this may currently only have a limited effect, but could be more important in the future when thinking globally. This can also be seen on the "Big Mac - Cross Rates" table, where hamburgers sold in the UK are more expensive than in most other countries. So an investment outside the UK might be very attractive - also speaking of "reimports" to transfer the goods back into the domestic market. Another issue is the falling unemployment rate. For the UK population this is good news but for companies like NEXT, this has different implications. For NEXT it means higher expenditure on wages, as well as greater......

Words: 554 - Pages: 3

Free Essay

In the Next Room

...Paper on Play Read in Class 2 In the Next Room The story is about a group of people that are sexually frustrated with their loved ones. It begins with a couple named Mr. Daldry, and Mrs. Daldry, Mr. Daldry thinks that his wife Mrs. Daldry is ill with some kind of illness that made her not like what she used to be in their sex life, so they went to see a doctor named Mr. Givings. Mr. Givings had invited something called vibrator, and he thinks that it will help patient with their sex life, but he doesn’t relies that his own wife Mrs.Givings have the same illness as Mrs. Daldry . The play is more like a dark comedy mixed with sad drama, you laugh and at the same time you feel sorry for the characters, like when Mrs. Givings said to her baby that she will find him a nice wet nurse with healthy milk, and then she was near tears, but she recovered. The play in the nearly end turned to be more serious. The set will be divided into two rooms, the doctor office and the lobby.  At the play's climax, the actors step through the imaginary wall dividing the rooms to create the third and final scene, outdoors in the snow. Snow is used throughout the play as a symbol of love. There is couple of things that I think might be difficult to approach during the play. The first thing is the dividing the stage into two rooms. To solve this problem we will need to have a large stage that can be divided into more than two rooms. The second problem is to let the audience feel and what......

Words: 323 - Pages: 2

Premium Essay

Will Eurozone Survive Next Millenium

......................................................................................................... 10 4.1 ALTERNATIVES................................................................................................................. 11 Split ............................................................................................................................... 11 Institutionalised austerity and ECB bailing out ............................................................ 13 ECB lends money to IMF and latter disburses loans with stiff conditionality’s ........... 13 Creation ofEuropean treasury/ EmpoweringEFSF ........................................................ 13 United States of Europe and issuance of Euro bonds: .................................................. 14 4.1.1 4.1.2 4.1.3 4.1.4 4.1.5 5. WAY FORWARD ........................................................................................................................ 15 TABLE OF FIGURES Figure 1: Prospects of the financial sector and sovereign spreads .......................................................... 9 Figure 2: History Repeats ..................................................................................................................... 11 Figure 3: Euro-area north-south divide ................................................................................................. 12 Figure 4: GDP Growth Forecasts, 2011 (in percentage) ..............................................

Words: 3487 - Pages: 14

Premium Essay

The Next Friday

...Conspiracy theories of 9/11 Conspiracy Theories of September 11th There is a lot of speculation on who was actually behind what happened on September 11, 2001. On this date one of America's greatest tragedies occurred. In this tragedy, around three thousand people were killed, with a total of six thousand injured. On this day four planes were hijacked; two of them hit the Twin towers in New York city, one hit the Pentagon in Arlington Virginia just outside Washington D.C., and a fourth one crashed in Pennsylvania, the intended destination of that plane is unknown. What happened on this day completely changed the world forever. The people who have been said to be responsible was a terrorist group called Al-Qaeda. The United States citizens have been told to believe that there were 19 hijackers from Al-Qaeda who hijacked four United States commercial jets, and purposefully crashed them into The Twin Towers, and The Pentagon. After the attack happened, the United States responded with launching “The War on Terror” and invaded Afghanistan to eliminate the Al-Qaeda. The leader in charge of the attack was Osama Bin Ladin. This war is still going on to this day, and we still have not found Osama Bin Ladin. ("Formal Analysis, September 11 2001.") The world, specifically the United states, believe that this planned attack was unknown to the United States government.. Many conspirators believe that the government knew about the plans to attack The Twin Towers and The......

Words: 330 - Pages: 2

Premium Essay

Gst the Next Big Reform

...The next big reform – GST Submitted to – Prof. I. Sridhar By, Ashwin R Golapkar Section E 2012PGP120 TABLE OF CONTENTS Introduction ....................................................................................................................................................... 3 Objectives of Tax reforms ............................................................................................................................. 5 Implementation of the Existing System .................................................................................................. 11 Shortcomings of the Existing Tax Structure .......................................................................................... 13 Alternatives Available in the implementation ....................................................................................... 18 Tax base and Rates ........................................................................................................................................ 25 Implementation of GST in other countries......................................................................................... 37 Data Analysis and Interpretation........................................................................................................... 38 BIBLIOGRAPHY ............................................................................................................................................. 40 LEGAL ASPECTS OF BUSINESS | GST-the next......

Words: 14431 - Pages: 58

Premium Essay

Next Day Air Case

...Homework Assignment 4 (20 pts) - Due Wednesday 11/14/2012 8:00am Please complete the Next Day Air Case questions for Chapter 3 (handed out in class and posted to Blackboard) as per the instructions below: A, Complete Question 3 – noting that this is all for using dial-up modems. B. Complete Question 4. C. Complete Question 2 – as if you were were redesigning their network(s). D. Complete Question 5. Post to the Assignments area of Blackboard, and bring a hardcopy to class to turn in. Please turn in hardcopy at start of class in order to not lose any points for being late. Ex e r c is e s 1 . Pres id en t Coon e is b a ffled a b ou t h ow d igita l in form a tion from a com p u ter ca n b e s en t over a n etwork con n ection . Prep a re a b rief p os ition p a p er for m a n a gem en t exp la in in g th e wa y in form a tion is tra n s ferred from on e com p u ter to a n oth er over d igita l lin es . Keep it s im p le. Be s u re to d es crib e th e typ es of d evices u s ed in d a ta tra n s m is s ion . In clu d e com m en ts on th e role of d a ta com p res s ion in in crea s in g tra n s m is s ion ra tes . J u s tify th e ob s erva tion th a t a s a gen era l ru le, it is b es t to p u rch a s e th e fa s tes t d evices you r com m u n ica tion s lin es ca n s u p p ort. 2 . As you b egin th in k in g a b ou t th e red es ign of th e n etwork , you rea lize th a t th ere a re va riou s typ es of m ed ia...

Words: 1066 - Pages: 5

Premium Essay

Next Annual Report

...Annual Report and Accounts January 2011 Annual Report and Accounts for the year ended 29 January 2011 Next is a UK based retailer offering exciting, beautifully designed, excellent quality clothing, footwear, accessories and home products. Next distributes through three main channels: Next Retail, a chain of more than 500 stores in the UK and eire, Next Directory, a home shopping catalogue and website with nearly 3 million active customers, and Next International, with more than 180 stores around the world. Next also has a growing website capability in more than 30 countries. Contents 1 the Year in Summary Business reports 2 Chairman’s Statement 3 Directors’ Report & Business Review 4 Chief executive’s Review 13 Key Performance Indicators 14 Risks & Uncertainties 16 employees 16 Social & environmental Matters 19 Annual General Meeting & Other Matters Governance 23 Directors’ Responsibility Statement 24 Directors and Officers 25 Corporate Governance 29 Remuneration Report 41 Independent Auditor’s Report Financials 43 Consolidated Income Statement 44 Consolidated Statement of Comprehensive Income 45 Consolidated Balance Sheet 46 Consolidated Statement of Changes in equity 47 Consolidated Cash Flow Statement 48 Company Balance Sheet 49 Company Statement of Comprehensive Income 49 Company Statement of Changes in equity 50 Company Cash Flow Statement Notes to the accounts 51 Accounting Policies 56 Notes to the Consolidated Financial Statements 82 Notes to the Parent......

Words: 3050 - Pages: 13

Premium Essay

Next Shoring

...J A N U A R Y 2 014 Next-shoring: A CEO’s guide Katy George, Sree Ramaswamy, and Lou Rassey Proximity to demand and innovative supply ecosystems will trump labor costs as technology transforms operations in the years ahead. The problem Demand for manufactured goods in emerging markets is surging and fragmenting as factor costs shift; technological advances, such as more powerful robotics and the Internet of Things, are creating a range of new opportunities for manufacturers to digitize operations. Why it matters Manufacturing strategies built on labor-cost arbitrage are becoming outmoded; the race is on to get ahead of what comes next. What to do about it Place greater emphasis on proximity to both demand and innovation while: • Making location decisions that balance economies of scale against the growing diversity of tastes within and across global markets Building supplier ecosystems that combine technical expertise with local domain and market knowledge Developing the people and skills needed to make the most of technological advances across the organization • • © Bruno Ehrs/Corbis 2 When offshoring entered the popular lexicon, in the 1990s, it became shorthand for efforts to arbitrage labor costs by using lowerwage workers in developing nations. But savvy manufacturing leaders saw it as more: a decisive change in globalization, made possible by a wave of liberalization in countries such as China and India, a steady improvement in the......

Words: 4145 - Pages: 17

Premium Essay

Under Armour's Next Move

...March 25, 2013 WRD 203-002 Under Armour’s Next Move Introduction Under Armour is an athletic apparel company that specializes in creating performance-enhancing clothing using moisture-wicking material. Despite its growth over the past decade, Under Armour has failed to really challenge other athletic apparel companies, such as Nike, due in large part to their lack of a women’s product line, an athletic shoe line, and global presence. Bruce Horovitz discusses Under Armour’s shortcomings in his article, “Under Armour races to discover fitness gear.” He states, “Its first shoe line got a black eye, its line of women’s clothing was initially slow to catch on, and for an athletic-wear maker that wants to be taken seriously, it has a miniscule international presence,” (Horovitz par. 1). Despite Under Armour’s growing success, the company still pales in comparison to Nike because they fall short in those three areas. By exploring the market for women’s apparel, creating an effective athletic shoe line, and expanding globally, Under Armour will finally be able to mature as a company and solidify itself as a contender to Nike. History In recent years, Under Armour has exploded onto the athletic apparel scene through the use of innovative technology, creativity, and effective marketing. The company’s mastery of moisture-wicking material revolutionized the athletic apparel industry and allowed Under Armour to succeed in such a competitive environment. Although the company...

Words: 3935 - Pages: 16

Premium Essay

United Nations in the Next Century

...UN : THE NEXT CENTURY CHAPTER - 1 : INTRODUCTION “More than ever before in human history, we share a common destiny. We can master it only if we face it together. And that is why we have the United Nations” - Kofi Annan 1. The United Nations officially came into existence on 24 October 1945, when the UN Charter had been ratified by a majority of the original 51 Member States. The day is now celebrated each year around the world as United Nations Day. 2. The purpose of the United Nations is to bring all nations of the world together to work for peace and development, based on the principles of justice, human dignity and the well-being of all people. It affords the opportunity for countries to balance global interdependence and national interests when addressing international problems. 3. There are currently 192 Members of the United Nations. They meet in the General Assembly, which is the closest thing to a world parliament. Each country, large or small, rich or poor, has a single vote, however, none of the decisions taken by the Assembly are binding. Nevertheless, the Assembly's decisions become resolutions that carry the weight of world governmental opinion. 4 he United Nations Headquarters is in New York City but the land and buildings are international territory. The United Nations has its own flag, its own post office and its own postage stamps. Six official languages are used at the United Nations - Arabic, Chinese, English, French, Russian...

Words: 1948 - Pages: 8

Premium Essay

The Next Revolution

...Melissa Thomas Professor Parker GEO1000 23 June 2014 The Next Revolution The next revolution, in my opinion, will be about the intrinsic right to privacy. In today’s modern society technology is a beacon of change and progress, but not every aspect of that evolution is in the best interest of the common people. After the events of September 11, 2001, the public wanted to be safe but and the government has done a good job thus far, but it is not until recently that the public has truly learned how their privacy had been intruded upon by the government in order to safeguard their way of life. With the government’s ever so increasing surveillance of any and all threats at home and overseas, the ordinary citizen’s privacy is circumnavigated by laws like the Patriot Act in the pursuit of the bigger picture (preventing another event like 9/11 from ever happening again at all costs). With data mining of online records from social networking websites (Facebook and Twitter), email communications (Yahoo Mail and Hotmail), and cellphones (phone calls and text messages) by sanctioned agencies (the National Security Agency and the Federal Bureau of Investigation), the question becomes when is surveillance no longer in the best interest of the general population that the government is intended to protect in the first place. Posting ones energized ideas and thoughts about current foreign politics on a politically askew discussion forum might land an ordinary citizen under the......

Words: 372 - Pages: 2

Free Essay

Google - Fiberhood the Next Step

...GOOGLE FIBERHOOD THE NEXT STEP Introduction Google  started  as  a  search  engine  in  1998   by  Stanford  students  Larry  Page  &  Sergey  Brin  while  pursuing  their  PhDs.  Google  quickly  rose  to  dominance  with  their  PageRank  algorithm  and  became  the  leaders  in  the  Internet  search  technology.  Google  also  has  a  reputation  of  being  a  forerunner  in  Internet  innovations,  and  has  furthered  the  idea  of  free  software.   Google’s  business  model  is  based  on  Targeted  Advertising,  which  is  90%  source  of  it’s  revenue.  Recently  Google  ventured  into  providing   high­speed  Internet  (1  Gbps)  to  home  users  through fiber optics under their newly launched Google Fiber Project. The current paper  would  be  analysing  Google’s  future  strategy  towards  capturing  new  users  &  keeping  it’s  current user­base intact under its Ecosystem.  Definitions Business  Model  is a  set  assumptions  and  theories  that  managers  make  about  how company  would  create  value  for  all  the  players  involved  with  the  company.  It’s  a story  that  tells  how  a  company  works,  with  all  players  as  characters  of the  story,  and  plot  revolves  around  making  money.  On  the  other  hand,  Strategy  is  the action­steps that a company takes to keep­up with  the  competition by  doing  better,  efficiently,  and cheaply; which directly implies being different.  Business  model  and  strategy  are  key  to  the ......

Words: 727 - Pages: 3

Free Essay

The Next Step

...The Next Step " What's next ?" is the question asked by many high schoolers after graduation. Most people go directly to a 4 year college/university, others obtain a trade , join the workforce or simply do nothing at all. Personally, I feel as if going directly to a four year institution is best for these three reasons; you will socialize and develop a network of friends , self discovery and obtain a marketplace degree that gives you more job opportunities. Meeting new people can be a joyous thing. Colleges are mixed with many different cultures. Expanding your connections with people is an essential part of life. Being able to have friends in higher places makes it easier for you when you enter into the workforce. As people say it's not what you know it's who you know in most cases. So being open to new people is a great idea. When you are out on your own you are able to find out who you truly are. Staying at home in the same environment does not help you discover your true self at all. College opens you up to so many different clubs and organizations that teach you how to be social. Fraternities and sororities are among the many clubs. Knowing who you are is a very essential part of life. In today's world you can not work at a fast food restaurant without having a high school diploma. Imagine what the education qualifications are for corporate America or major factories like Mercedes. Working in a fast food restaurant for 50 or more years in this generation...

Words: 367 - Pages: 2

Premium Essay

The Next Decade

...THE NEXT DECADE The Next Decade is a book written by George Friedman, and emphasizes The United States’ relationships with other nations. The book addresses some technological and economic problems and well as explaining empires and republics on the rise during the following decade. The Next Decade is a comprehensive and remarkable analysis that encompasses the issues and benefits for being a super power. The United States has unintentionally become a global empire, and the role of the United States President is to serve as the world’s most important political diplomat. It is noted that the President must be able to at least promote the quintessential virtues, ethics, and tradition of the one of the greatest countries in the world. The greatest battle of the decade is predicted to be how the United States will react to leadership that will be interested in the economic dealings rather than serving the American people. Friedman made a bold and unshakable declaration: America is an imperial empire. He gives the overview of what America will be facing in the upcoming years which includes balance of power. Also America could lose itself as a Republic. The book starts with a summarized historical background and explains current political situations that are happening globally. It then analyzes each geographical region and assessment plans. The Next Decade is a comprehensive and remarkable analysis that encompasses the issues and benefits for being a super power. A main theme of......

Words: 1176 - Pages: 5

Premium Essay

An Analysis of Capital Structure of Next

...------------------------------------------------- An analysis of capital structure of NEXT Programme of Study: MSC INVESTMENT Module: International Treasury Management Tutor: Students ID Number: Date: 23/3/2016 Programme of Study: MSC INVESTMENT Module: International Treasury Management Tutor: Students ID Number: Date: 23/3/2016 Contents 1. Introduction 3 2. Capital structure 4 2.1. Theories 4 2.2. Types of capital 6 2.3. Sources of capital 7 2.4. Reasons of conducting different capital structure 9 3. Capital Structure of NEXT 11 3.1. Comparative analysis of internal and external financing of NEXT 11 3.2. Comparative analysis of debt capital and equity capital of NEXT 13 3.3. Comparative analysis of current debt and non-current debt of NEXT 15 3.4. Financial performance of NEXT 2013-2015 17 4. Conclusion 19 5. Reference 20 6. Appendixes 22 Appendix I 22 Appendix II 23 Appendix III 25 Appendix IV 27 Appendix V 29 Appendix VI 30 1. Introduction Capital structure of firms is arguably one of its most important choices, as Milken (2009) said “It doesn't matter whether a company is big or small, capital structure matters. It always has and always will”. Most companies pay much attention to their capital structure, NEXT is one of the good representative among those companies. NEXT, founded in 1864, now is the largest apparel corporation in UK, which currently operates more than...

Words: 4344 - Pages: 18

Ishqbaaz 8th October 2018 Episode Watch Online | T.ヨシザウルス・ムンチャクッパス | Cut The Rope