Analyse the effects of education on the developing countries Essay Example for Free

Analyse the effects of education on the developing countries Essay Analyse the effects of education on the developing countries Development is one of the themes of modern society and there are a variety of elements influencing the development. Many countries experience declares that education gradually play a more and more vital role in development. Education policies which depend on the specific national conditions can lead to a different result. Overall, primary education may be a key to promote the influence including population, health and economic growth. Secondary education not only provides some skilled workers to society, but also is the foundation of higher education. When the country tries to develop the high-tech economy and to transform the social structure, the tertiary education will make a necessary and positive effect on its development. In the education system, basic education is the foundation of secondary and tertiary education. But primary education is not only a part of the education system. It is a very important element which impact on the level of mass culture, Social stability, economic development, population growth and public health. These parts and primary education are interrelated and interact on each other. It is an efficient way to develop these together and lead to a steady and rapid development of society by improving basic education. To make it clear we can put it into a chart(see appendix 1). There are 800 million illiterate adults who are very hard to find a high-income job in the earth, although the world develops rapidly. To solve this problem, universal basic education is a prime way. For example through popularize basic education farmers are able to read the instruction of fertilizer and some agriculture machine, which has an obvious effect in increase of agricultural productivity (Brown, 2008). The situation in industry is similar because of the higher efficiency. There is no doubt that mass culture level and economic growth would also get ahead because of this. In this respect, both Bangladesh and Iran can serve as models which have successful adult literacy programs (Brown, 2008). Widening gap between rich and poor is a source of instability of society (Brown, 2008), while primary education is an important way to narrow it. In most instances, especially for those countries whose rich-poor gap is it is enormous, it is a key to improve the living standard of the poor by universal basic education. Education could also decrease the crime rate (Stephen, Linda, 2003). Therefore, the narrower Rich-poor gap can provide a steady social surrounding in order to a better foundation for economic growth. Economic growth also has feedback in education. When government has enough money to invest to the education, the better education surrounding and higher teacher level would surely improve education, and finally reach a benign circulation. It is justification for public spending on education, because it is based on the high social rate of return. The study shows that investment of primary education can bring the highest social rate of return, followed by secondary and tertiary education (Gupta et al,2004) For developing countries, overpopulation is usually regarded as a basic and important problem. The increase of population would Significant bring the decrease of per capita resource, which also brings huge stress on environment and government. To solve this problem, it is a basic way to spread basic education especially for women. If girls accept more education, they would marry later, and have fewer children, which is a win-win-win situation (Plan 2008). Furthermore, they will have a higher expect and more requirements on their children. Meanwhile, they would focus more on their children’s quality instead of quantity. No doubt that this situation has a positive effect on Population quality Education also has a great effect on public health. First point, Use female education as an example, data shows that there is obvious relationship between educational attainment of mothers and mortality rates of under-5 children (Unicef, 2005). They are also more likely to have healthier children (World Bank, 2008). For the adult, once they receive more medical knowledge, the chances of infection by various diseases get significantly lower. For example, the best way to cure disease like AIDS is teach people how to prevent it. Health also has effect on education. In this aspect, Health and poverty usually work together. In poor areas, children usually hungry or ill, so it is hard for them to have a good state to study. Secondary education, linking primary and tertiary, is the easiest to be undervalued. Occasionally people purely regard lower-secondary as the continuance of basic education and upper-secondary as the preparation of higher education, and the effect of secondary education itself is ignored. However, data given by the International Institute for Applied Systems Analysis (IIASA) and the Vienna Institute of Demography (VID) of Austrian Academy of Sciences shows that secondary education provides a big boost to economic growth in low-income countries. The annual GDP growth  rates in a country with half population in secondary and universal primary (13%) is twice as much as that in one with merely universal primary (6. 5%) (Lutz et al, 2008). Another research suggests the return of secondary education is 18. 2% for men and 17. 0% for woman (Goh Gopinathan, 2008). Education begins to differentiate at secondary level, upper-secondary especially. Usually secondary education is classified into academic secondary and vocational secondary. Academic secondary education is mainly pre-tertiary education and sometimes pre-vocational education. Graduates from academic secondary school are easier to find a ‘white-collar’ job, which is believed to be safe, comfortable and well-paid in Asia (Goh Gopinathan, 2008; Holsinger Cowell, 2000). Students in Asian are fond of academic secondary schooling due to the preference for ‘white-collar’ jobs, but all students are not suitable for academic secondary education. Vocational secondary schooling, which is specifically aimed at job skills, may be more beneficial to other students. Despite of low matriculate quality, many Asian countries seems still successful in vocational secondary education, Singapore for example. Since 1964, Singapore offered vocational secondary education to students who fail in entering academic secondary school. Because of vocational schooling, many of them master some basic skills, become skilled workers and find a job. When Singapore developed labor-intensive industries and were in huge demand for labor in the late 1960s and the early 1970s, vocational secondary schooling provided large quantities of workers for nation. Simultaneously, as the low mark students are matriculated in schools instead of coming into society too early, they are protected from unhealthy practices in society (Holsinger Cowell, 2000). As vocational secondary education help people to find a work, it also decreases unemployment rate. In Africa, a good illustration of success in training programs is Zambia. Most training graduates can be employed in half a year. Unfortunately, in most of Africa where vocational training remains in low quality, graduates from training school still have difficulty in obtaining employment. Namibian for example, five years after graduation, the unemployment rate of graduates is as high as one fourth. That means vocational secondary education is ineffective when it is in poor quality (Kingombe, 2008). Like academic secondary education, vocational secondary education can also be provision for post-secondary education. In Singapore, after four years of vocational secondary education in the Normal Technical (NT) streams, most NT students enter the Institute of Technical Education to receive ‘high-tech’ education since 1992 (Goh Gopinathan, 2008). secondary education provides high return at low cost. Academic secondary education sometimes seems still expensive and indirect to occupation, while vocational secondary education significantly increases the quality of workforce and the employment rate. Many poor countries with a scarcity of educational resource cannot afford to invest higher education. Therefore, secondary education may be the most cost-effective choice (Lutz et al, 2008; Goh Gopinathan, 2008; Holsinger Cowell, 2000). Tertiary education can play a vital role in the country’s development. However, only the appropriate policy of tertiary education can make great positive effect on the development. South Korea is a good case in point. The very important prerequisites whether the policy of the tertiary education is efficient and suitable is basis: average education level; economic level and so on. Before the Korea War (1950-1953), Korea’s industrialism had just started? (Sacad and Shaw, 1990). The military force not only interrupted the industrialism, but also damaged national economic seriously, remaining the fact that Korea’s per capita gross national product (GNP) was even less than that of the poorest countries, such as Sudan. At this circumstance, South Korean government decided to encourage the massive industries and to recover the nation economic (Encyclopedia of the Nations, 2008). To achieve the goal, in the early 1960s, South Korea needed a large number of generally skilled labour? to take part in the industrialism reforming, which was the main reason why the government focused on the development of primary and secondary education in this period of time, which are talked clearly in the last paragraph. Without a solid economic and education foundation, tertiary education can never make an obvious effect on the development. Almost meanwhile, the tertiary education started to grow although the enrolment was far less than that of primary and secondary education. There two reasons why the government didn’t pay too much attention to the tertiary education. First one was the nation’s GDP per was still too low to invest the tertiary education. Second one is that people at that time didn’t receive the universal basic education. Later in the early 1970s the export which focused on light manufacturing and electronic goods accelerated (Kim, 2005), which needed the certain skilled labour. However, the labour who had general education couldn’t match the reality, leading to the result that the government turned to emphasise on the vocational education (Kim, 2005). Developing the tertiary education to produce the adapted labour was urgent. However, because the production didn’t refer to much high-tech, the development of university remained slow while the vocational education greatly expanded. The labour who had received the vocational education helped relieve the talents shortage to support Economic sustainable development effectively. During 1960s-1970s, the nation economic grew rapidly. In mid-1970s-1980s, Korea’s major industry had become heavy and chemical industry and its main export had transformed kinds of like iron industry, shipyard, precision manufacture and so on (Kim, 2005). In this case, the problem of lacking of high-tech talents to support economic was becoming more serious, especially in the engineering and scientific areas. At this circumstance, when the vocational education can not meet the practical needs, the boom of university was inevitable. Hence, the government’s attention and investment in university education increased in the next decade. In addition, the private investment on university education also increased. With the encouraged policy, the universities developed rapidly during 1980s. A study shows, ‘ in the mid-1970s, there were more than 7% of high school graduate who enrolled into the university. Compared to other developed countied, Japan gained the goal in the 1950s, Taiwan in mid-1960s, and the U. S. in the 1930s ‘(Phelps et. Al, 2003; Hayhoe, 1995). It shows that developing the university education is the necessary way for every country which is determined to develop high-tech economic. Some studies point out the technology change which can improve the productivity will make obvious progress or facilitate some new product when the long-term growth is keeping more than 50%. With rapid development of information technology, the economic and social structure is changing day by day. Trade made a active effect in South Koreas export-oriented economy and during 20th century it occurred many problems such as the freedom of the market. When the government noticed the various problems, they realized Korea should become a knowledge-based society and its economic should be the knowledge-based economic. Therefore, university concentrated on the informational technology, such as semiconductor, Information and communication technology, which made a huge progress during this period of time (Kim, 2005). Moreover, computer, cellular phone and memory chip were the major export product, which also showed the transformation of the economic segments. University education plays a more and more important role in the social transformation. The case of South Korea claims that when the general education is already comprehensively done, the appropriate investment and policy on tertiary education will show the effects on the development in an obvious way. The case of South Korea claims that when the general education is already comprehensively done, the appropriate investment and policy on tertiary education will show the effects on the development in an obvious way. In conclusion, primary education fully promotes economy and society in the poorest countries. In slight wealthier countries, secondary education leads to a leap of economy, and paves the way to further promotion. On a solid foundation of primary and secondary education, the developing countries will achieve considerable development with the help of tertiary education. When education is adapted to national conditions, it helps maximum of economic and social development. List of reference Brown, L. (2008) Plan B 3. 0: Mobilizing to save civilization. New York: W.W. Norton and Company, Earth policy institute Steurer, Stephen J; Smith, Linda G (2003) Education reduces crime: Three-state Recidivism Study Plan (2008) Playing the Price[online], Available from:http://www. plan. org. au/mediacentre/publications/research/paying_the_price[07 Dec. 2010] Gupta, s. , Verhoeven,M. , Tiongson, E. R. (2004) Helping countries Develop: The role of Fiscal Policy Unicef (2005) Investing in the Children in the Islamic World http://www. unicef. org/pulications/files/Investing_Children_Islamic_World_full_e. pdf [07 Dec. 2010] Lutz, W.and Goujon, A. and KC, S. (2008) Education: the Key to Development. p. 12-15. [oline]. Available from: [9 October 2010] Goh, C. H. Gopinathan, S. (2008) ‘The Development of Education in Singapore Since 1965’. In Lee, S. K, Goh, C. B, Fredrikson, and Birger (ed) Toward a Better Future: Education and Training for Economic Development in Singapore since 1965. The World Bank: 2008. p. 12-38 Holsinger, D. B. Cowell, R. N. (2000) Positioning Secondary School Education in Developing Countries. Paris: December 2000. [Online] Available from: [22 October 2010] Kingombe, C. (2008) ‘Evaluating the Effects of Vocational Training in Africa’. OECD Development Centre Policy Insights. Paris: April 2008. P. 1-3 Encyclopedia of the Nations (2008) Balance of payments Korea, Republic of (ROK) export, growth, power [online]. Available from [8 Dec 2010] S, Kim and Ju-Ho Lee (2004) Changing Facets of Korean Higher Education: Market Competition and the Role of the State* [online] March 2004 Available from : [8 Dec 2010] Bloom, D. Canning, D. Chan, K. (2006) Higher Education and Economic Development in Africa. Washington D. C. Harvard University.

We Must Stop Child Abuse and Neglect Essay -- Violence Against Childre

Child abuse is one of the most tragic problems in America today. Each year, over three million American children are beaten, neglected, or sexually abused by their parents or guardians. Infants only a few days old as well as teenagers are subject to child abuse. There are four types of child abuse: physical abuse, physical neglect, sexual abuse, and emotional abuse. Child abuse is a serious problem that plagues America's youth and must be stopped.   Ã‚  Ã‚  Ã‚  Ã‚  Physical abuse is one form of child abuse. According to social agencies, beatings of children have multiplied over the past twenty years. Physical abuse is any abuse that is harmful to the child. This kind of abuse includes the physical discipline which results in observable injuries on the child. It also includes use of a life-threatening weapon, like a gun or a knife, against a child and any abuse resulting in death. Any abuse which results in a sever injury requiring prompt medical attention, that could be life threatening, that could cause mental and/or physical impairment, could cause disfigurement, or chronic pain is too classified as physical child abuse. Another form of physical abuse is any knowing or willful mistreatment which in the opinion of a licensed medical doctor causes great bodily harm and/or results in hospitalization for treatment of this injury or condition; this may include physical injury sustained as a result of abuse or conditions which result from a parent's willful failure to act to stop this from happening to the child.   Ã‚  Ã‚  Ã‚  Ã‚  Physical neglect is defined as failure to provide for a child's physical survival needs to the extent that there is harm or risk of harm to the child's health and safety. Physical neglect includes these four things: inadequate food, inadequate shelter, inadequate medical care, and inadequate supervision. Forty-two percent of all child abuse reports involve allegations of physical neglect. The inadequate food element includes a child intentionally or deliberately not getting fed or given water. It also includes a diagnosis by a physician of failure to thrive because of a parent's failure to feed the child. Inadequate shelter includes prolonged and serious illness resulting from exposure to the elements or to serious dangerous substances as evidenced by serious injury. Inadequate medical care encompasses the child not receiving medic... ...ssaults, ignoring and indifference, or constant family conflict. It also includes punishments like locking the child in a dark closet. Sometimes such behaviors can cause serious mental disorders. If a child is degraded enough, the child will begin to live up to the image that is being communicated by the abusing parent or caretaker. This type of abuse is the hardest kind to notice because it leaves no bruises. A child who is emotionally abused may seem withdrawn, or act out frustration by abusing other children, animals, or belongings. Child abuse is a serious problem that plagues America's youth and must be stopped. Physical abuse and physical neglect can hurt someone to the point of having to visit the hospital or even death. Sexual abuse can cause injury and scar someone for life with the memories of the act or acts of sexual abuse the child had done to him/her. Emotional abuse can also scar someone for life in the sense that it can change your all around behavior about the world and everyone in it because of one incident or a series of acts that occurred in your childhood. Child abuse must be stopped in order to have a normal and prosperous youth of tomorrow. We Must Stop Child Abuse and Neglect Essay -- Violence Against Childre Child abuse is one of the most tragic problems in America today. Each year, over three million American children are beaten, neglected, or sexually abused by their parents or guardians. Infants only a few days old as well as teenagers are subject to child abuse. There are four types of child abuse: physical abuse, physical neglect, sexual abuse, and emotional abuse. Child abuse is a serious problem that plagues America's youth and must be stopped.   Ã‚  Ã‚  Ã‚  Ã‚  Physical abuse is one form of child abuse. According to social agencies, beatings of children have multiplied over the past twenty years. Physical abuse is any abuse that is harmful to the child. This kind of abuse includes the physical discipline which results in observable injuries on the child. It also includes use of a life-threatening weapon, like a gun or a knife, against a child and any abuse resulting in death. Any abuse which results in a sever injury requiring prompt medical attention, that could be life threatening, that could cause mental and/or physical impairment, could cause disfigurement, or chronic pain is too classified as physical child abuse. Another form of physical abuse is any knowing or willful mistreatment which in the opinion of a licensed medical doctor causes great bodily harm and/or results in hospitalization for treatment of this injury or condition; this may include physical injury sustained as a result of abuse or conditions which result from a parent's willful failure to act to stop this from happening to the child.   Ã‚  Ã‚  Ã‚  Ã‚  Physical neglect is defined as failure to provide for a child's physical survival needs to the extent that there is harm or risk of harm to the child's health and safety. Physical neglect includes these four things: inadequate food, inadequate shelter, inadequate medical care, and inadequate supervision. Forty-two percent of all child abuse reports involve allegations of physical neglect. The inadequate food element includes a child intentionally or deliberately not getting fed or given water. It also includes a diagnosis by a physician of failure to thrive because of a parent's failure to feed the child. Inadequate shelter includes prolonged and serious illness resulting from exposure to the elements or to serious dangerous substances as evidenced by serious injury. Inadequate medical care encompasses the child not receiving medic... ...ssaults, ignoring and indifference, or constant family conflict. It also includes punishments like locking the child in a dark closet. Sometimes such behaviors can cause serious mental disorders. If a child is degraded enough, the child will begin to live up to the image that is being communicated by the abusing parent or caretaker. This type of abuse is the hardest kind to notice because it leaves no bruises. A child who is emotionally abused may seem withdrawn, or act out frustration by abusing other children, animals, or belongings. Child abuse is a serious problem that plagues America's youth and must be stopped. Physical abuse and physical neglect can hurt someone to the point of having to visit the hospital or even death. Sexual abuse can cause injury and scar someone for life with the memories of the act or acts of sexual abuse the child had done to him/her. Emotional abuse can also scar someone for life in the sense that it can change your all around behavior about the world and everyone in it because of one incident or a series of acts that occurred in your childhood. Child abuse must be stopped in order to have a normal and prosperous youth of tomorrow.

Tesco

Value Chain Analysis According to Lynch (2003), value chain is defined as the links between key value adding activities and their interface with the support activities. Value chain has been implied as a strategic evaluation tool used for distinguishing the strengths and weaknesses in value adding processes (Audrestsch, 1995). The value chain of Tesco has been demonstrated in the following diagram: Fig 6: Value Addition in Value Chain of Tesco Inbound LogisticsThe overall cost leadership strategic management of Tesco is exhibited in its lean and agile inbound logistics function. Drawing upon Abeysinghe (2010), the company uses its leading market position and economies of scope as key bargaining powers to achieve low costs from its suppliers. The analysts have also highlighted the constant upgrading of their ordering system, approved vendor lists, and in-store processes to induce effectiveness and efficiency into the company’s inbound logistics operations.Operations Management T esco has been praised by a number of supply chain management critics for its effective use of IT systems that facilitate the company’s low cost leadership strategy. According to Tesco (2010), the company has invested over ? 76 million in streamlining its operations through their Tesco Digital program, which is a third generation ERP solution for the company. The company has achieved ? 550 million in increased profitability during 2009 alone due to the introduction of this system.This company -wide ERP system has also facilitated the minimisation of stock holdings within the company. Outbound Logistics Tesco holds leadership position in online and offline food retail segments, which is due to its efficient and effective outbound logistics. Drawing upon Mintel (2010), the company has developed a range of store formats and types, which are strategically placed to achieve maximum customer exposure. These formats include Express, Metro, Superstores, Extra and Homeplus, which are s egmented according to the target population.Marketing and Sales Loyalty programs like Tesco Clubcard are being introduced through information technology advances which dissuade the customers from switching over to their competitors. Tesco has introduced its Greener Living Scheme to give consumers advice on environmental issues, including how to reduce food waste and their carbon footprint when preparing meals . Services Tesco has been pursuing a dual strategy of cost leadership and differentiation, which has led to an increased importance placed on customer service.Drawing upon Keynote (2010), this dual strategy is exhibited through the development of self-service kiosks, financial services, focused direct marketing and promotions. In order to put Tesco’s value chain analysis into perspective, it should be noted that despite cost leadership strategy the company has been able to create a high degree of value in comparison with its key competitors. The relative analysis of the value created by the big four supermarket chains, i. e. , Tesco, Asda, Sainsbury’s and Morrisons has been provided as follows: Fig 7: Benchmarking Analysis: Cost as a Percentage of Sales Tesco For this report the organization that I have chosen is Tests and I will be explaining how they use deferent types of business communication to run their organization. I will be looking at all of the functions used by Tests to get an entire observation on the business communication used and the reasons why. I will Identify advantages and disadvantages of different methods used and Investigate strategic decisions made by Tests and what Information they used.Types of Information Example Description Purpose Sources Verbal Detects verbal Information could be a Tests Sales Assistant Interacting with a customer by trying to persuade the customer to buy one of their products and another example could be Tests staff making an announcement over the Tanana system about a lost child. Verbal communication is information that is shared between individuals by talking. It can be done in may different ways such as telephone, face to fact and meetings. The purpose for verbal communication inTests is t hey must respond quickly to any action that is needed to be sorted. The sources for Tests verbal information could be description of products or service. Written Deco's written information could be surveys and questionnaires for the customer service like What you think about fruit and vegetables? Another example is Tests displaying posters promoting their latest offers. Written communication can be interactive communication that is used in words or symbols to convey a message eke memos, emails, letters, reports, leaflets etc.The purpose of written information is that this will help Tests to understand how the customer feels about their services and products and also to understand where they are achieving and where they are failing. The sources for Tests written information are completed customer questionnaires, where Tests can review and make changes and adjustments to meet their customers' needs, for example customers requesting a bigger variety of fruit and vegetables. Tesco For this report the organization that I have chosen is Tests and I will be explaining how they use deferent types of business communication to run their organization. I will be looking at all of the functions used by Tests to get an entire observation on the business communication used and the reasons why. I will Identify advantages and disadvantages of different methods used and Investigate strategic decisions made by Tests and what Information they used.Types of Information Example Description Purpose Sources Verbal Detects verbal Information could be a Tests Sales Assistant Interacting with a customer by trying to persuade the customer to buy one of their products and another example could be Tests staff making an announcement over the Tanana system about a lost child. Verbal communication is information that is shared between individuals by talking. It can be done in may different ways such as telephone, face to fact and meetings. The purpose for verbal communication inTests is t hey must respond quickly to any action that is needed to be sorted. The sources for Tests verbal information could be description of products or service. Written Deco's written information could be surveys and questionnaires for the customer service like What you think about fruit and vegetables? Another example is Tests displaying posters promoting their latest offers. Written communication can be interactive communication that is used in words or symbols to convey a message eke memos, emails, letters, reports, leaflets etc.The purpose of written information is that this will help Tests to understand how the customer feels about their services and products and also to understand where they are achieving and where they are failing. The sources for Tests written information are completed customer questionnaires, where Tests can review and make changes and adjustments to meet their customers' needs, for example customers requesting a bigger variety of fruit and vegetables. ï » ¿Tesco Tesco is a British multinational grocery and general merchandise retailer headquartered in Chechens United Kingdom. Tesco is the third-largest retailer in the world measured by revenues. It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK. In Tesco stores we can buy a huge range of food products and some non food product. Every successful business there is aim and objective behind them. Aims and objectives are the marketing targets that must be achieved for company to achieve its overall goals. The main aims of Tesco for 2012 are: 1.Offering customers the best value for money and the most competitive prices 2. Meeting the needs of customers by constantly seeking, and acting on, their opinions regarding innovation, product quality, choice, store facilities and service 3. Providing shareholders with progressive returns on their investment improving profitability through investment in efficient stores and distribution depots, in productivity improvements and in new technology 4. Developing the talents of its people through sound management and training practices, while rewarding them fairly with equal opportunities for all 5.Working closely with suppliers to build long term business relationships based on strict quality and price criteria 6. Supporting the well-being of the community and the protection of the environment Each objective needs to be SMART so that they are practical objectives that are capable of being monitored and achieved. SMART is an acronym, standing for specific, measurable, achievable, relevant and time specific. Specific objectives need to have precise description. For example Tesco set an objective of at least 70% of people spent more than ?10 in Tesco. It needs to show clearly what the aim is.Measurable is an objective able to measure correctly so the manager knows their aim has been achieved or not. For example Tesco club card can record the money which customers spent at a period of time and what product do they choose. Achievable is an objective which not beyond the reach of the organisation and individual employee. For example Tesco mangers need to estimate the aim is feasible for Tesco. Relevant is an objective which able to help to achieve the aims of Tesco. For example open new stores can help achieve the aim of growth for Tesco. Time specific is an objective which set a time for finish and start.For example Tesco manger tells their employee to achieve the sales target in this week. Survival Survival means generating on aim at enough revenues to cover all the business expenses and so to break even. Survival is usually an aim at the start of the business. I am sure Tesco UK don’t make survival as an aim any more. This is because Tesco has been running since 1924 in UK. I believe when Tesco starting to break into the Northern Ireland market, their biggest aim is survival. To survival of Tesco has done lot of promotion to attract customer to build t he loyalty of the customer such as window displays, discount etc.As we see Tesco group sales is ?72bn this has grow from 7. 4% from last year. I think Tesco has been survival successfully in UK is because they have focused on 6 key points. They are service staff, stores formats, price value, range quality, brand marketing and Clicks Bricks. Those are the key point make customer has a nice shopping trip. Clicks Bricks is other option for customers to shop which is online shopping. Customers can use internet to enter online shopping wed side easily, also Tesco has offer Tesco online shopping app for customers. This can achieve Tosco’s objective of meeting customers need and starting to use new technology.However Tesco in the USA market started trading in 2007. Their brand name in USA is fresh & easy. I find this name is very good because it is assonated with health. Healthy eating is becoming a popular social trend. So this name can attract those people come to their supermarke t. This can achieve their aim of participating in the formulation of national food industry In March 2011 Tesco opened first stores in Northern California around San Francisco and the Bay Area. For those stores their aim for now is to survival, which means they destroyed by other competitor such as Kroger.After a Tesco has achieved the aim of survival, this shows Tesco has growth successfully. Tesco has set an objective of to be an outstanding international retailer in stores to help them to achieve the aim. Maximising stakeholder needs Maximising Stakeholder needs mean taking account of the different needs of people involved in the business. A stakeholder is anyone who is interested in the business. This could be the owner, manger, employees, bank, investor, suppliers. For Tesco maximising stakeholder needs means they need to meet the customer needs, having good relationships between suppliers and pay its employees a decent wage.Customers are very important for the Tesco business. Tesco must keep them happy, so Tesco can achieve their aim of maximising sale. If Tesco doesn’t satisfy make, the customer will complain about Tesco and not return to Tesco again. Also they will spend their money in other retailers. To attract and make those customers happy, Tesco has made an objective be to be a creator of highly valued brands, which means Tesco has own label appeals to different customer needs. Tesco has providing them with the quality products, the best value and the most competitive price.To achieved this aim Tesco done well in customer service. Their staff always help customer when they need to keep them happy. This help Tesco to achieve offering customers the best value for money and the most competitive prices. They also set the objective of build team so that create more value foe customer. There jobs is keep thinking how to create more value for them. They also use self check out services to give customers a new experience. Tesco also use the club ca rd system to give customer best value.For example if you collected 150 point on your club card, you will get ?1.5 to spend this money in Tesco. For Tesco club card use to know customer when, where spent their money in Tesco. Club card help Tesco achieve the objective of to be a creator of highly valued brands. And achieve their aim of offering customers the best value for money and the most competitive prices Also Tesco can see which product is most popular. To attract different groups of customer and give offer them good price. For example Tesco set up Baby & Toddler Club’s. This club is aim for parent, so they can get easier and save lot of money in exclusive offers.To get easier mean Tesco will help them every step of the way from bump to toddler with useful advice. Tesco also provide the cheapest price of product ‘Tesco Value’. This is very good for low income family. However the quality of product is not very good. If high income family want to buy high qual ity product, they can buy ‘First range’ product. As we know First range product are more expensive than ‘Tesco Value’ product. For example a Tesco Value tissue cost 65p and the first range tissues cost ?1. 25. Tesco has the objective of meeting the needs of  customer and create more value for customers.Tesco has well trained customer service staff. Also Tesco build teams to create more value and keeping up to date the need of customer in different area. Moreover Tesco has provided a user friendly website for customer to find out more information about Tesco. They have well trained staff to answer customer questionnaires. Tesco always continues to improve the customer service and meet customer needs by acting upon feedback. Those can help to keep sales of Tesco up. The staff in Tesco has many benefits. They are not just having good pay.Also Tesco offer a whole package of other ways to help staff make more of their money, safeguard their future and look aft er their health. For example, Tesco is offers flexible working hours, offering part-time roles and encouraging job-sharing opportunities and shift-swapping. Tesco also provide a Training Options Development Programmer, offering an Apprenticeship or encouraging the studying for a qualification whilst at work. Currents in Tesco there are 7,000 members of staff taking part on development programmer which is designed to help them gain the experience and skills they need to move on to the next Tesco challenge.This can help Tesco to achieve developing the talents of its people through sound management and training practices, while rewarding them fairly with equal opportunities for all. The other important stakeholders are investor and shareholders. Tesco can’t grow without them. For example if Tesco want to open a Tesco store in overseas country. They must have local investor put money in it and look after them. The benefits for the shareholders and investor in Tesco are Tesco is a successful business and I am sure they are making profits. This shareholders return will increase.Also the investors get good and fair dividend each year. This has achieved Tesco aim of providing shareholders with progressive returns on their investment improving profitability through investment in efficient stores. Maximizing sales revenue Maximizing sales revenue is an ambitious aim in which the business seeks to generate as much income as it can. For Tesco when it aims to maximize sales, Tesco make some products half prices to attract more customers to buy it. Tesco also use club card to do promotion. Customer use club card to get more points, so they buy more products and discount.Tesco also use TV advertising to increase revenue the product. TV advertising is expensive and needs lots of people to make an advertisement. However there are many people watching the TV. Now there are very useful and very popular promotions, which are mobile apps. People can use mobile everywhere. M obile apps allow people to find the nearest Tesco store from the customer and show how to get there. People also can use this app to shop for 1000’s product from Tesco direct. If people use club card, they can scan the club card to see vouchers and order club card Rewards.When people have free time they can sit at home to so the shopping online. This can make the sales of Tesco higher. This can achieve their objective of outstanding international online retailer. In Belfast Tesco offer petrol in one of the biggest stores. It can maximize the sales of shop. It can increase sales of product because customer must buy the petrol. Also it can achieve the objective of meeting customers need. Tesco has created their brand, so all brands under Tesco name all profit will be return. Tesco offer a wide range of products for customers to choose.From increases choice can increase the sales because customer can buy more kind of product than other supermarkets. When Tesco sell the chicken, they will show us how they cook the chicken. It makes the customer want to buy it. The layout of stores is very important. The most people come to supermarket to buy bread, so Tesco sell their bread at the end of the shop. This make customer walk thought the shop. Maybe the customers just want to buy bread, but come out with a lot of products in the check out. There also place their products at the front of the store or points of sale in order to increase sales revenue.This also achieves the objective of to be as strong in everything we sell as we are in food because food product helps increase the non food product Tesco always continues to improve the customer service and meet customer needs by acting upon feedback. Service can upgrade the value of Tesco for example Tesco provide good customers service, customers will shop more happily and customers would like to return to Tesco. If customers buy lots of products or large product Tesco will offer delivery services. More over custom er buy online product will get delivery servers as well.In every Tesco stores there are boards in the air show customer what kind of product in that area. This make customer easier to find the product they want. Tesco has service like Club card Helpline, Customer Service, the Tesco Direct Flowers & Wine Telephone Ordering Service and the early Grocery Home Shopping service. Those services can upgrade the value of Tesco and make customer want to buy more product. Moreover those service cam help Tesco increase their sales to achieve their aim of maximizing their sale. This can increase sale to achieve the aim of maximising profit.Maximizing Profit Maximizing profit means Tesco is attempting to make as much profit as possible, so this make the total revenue of the business exceeds all the total costs. Tesco going global, it can maximize its profits as its services and sales are greatly sort across the world. To be able to do it that Tesco need to retain loyal staff and customer. Tesco need to loyal of staff to create a good working environment between staff and the owner. So staff will be happy and they will work harder for the owner. Tesco also need to keep the shareholders happy by putting money in their pocket.And the most important thing is get their customer happy, so Tesco has keep their profit rising. Tesco group sale is ?72bn this has been growth 7. 4% from last year. This shows Tesco are growing lot of profit. Tesco can use their objective to achieve their aim of maximizing profit. Tesco can use the following objective of create of highly valued brands, growth, be strong in everything they sell as they are in food. Increase sales prices Tesco can increase sales prices on the product which is high demand product, for example Tesco could increase milk from 65p to 75p. Although it is only slight increase, it wills a big effect on profit making.However if Tesco increase prices for many product, they will start losing customers. This will be losing profit. Th erefore before setting new pines Tesco needs to take such issues who careful consideration. Decreasing cost of product Tesco can maximise profit by decreasing cost of product. Tesco can open more stores, so Tesco can get cheaper price on economic of sales by order more products. Tesco need to get good relationship with supplier. They can pay all the product or ingredients by cash, so it can save bit of money to maximise. Tesco can use all the ingredients to which they order.For example order a chicken or cow use all part of those animals to cook a dish. Tesco have their own brand product, so they can sell those products straight away after the production. This can save time, so Tesco have more time to sell those products to maximising profit. Sell a range of products Tesco need to sell as many kinds of product as they can to attract as many customers as possible to maximise their profit. Tesco have the objective of be strong in everything as in food. For example maybe there is a cus tomer just looking for milk in Tesco. Suddenly he sees a good TV then he decided to buy it.This shows range of product can attract customers to buy more products. Some product Tesco has provided different size to maximise profit for example there are different size of 7up which give customer to choose. If a customer wants to drink the 7up immediately they will buy the small bottler of drink. This show size of product can meet customer different needs and they will buy more, so Tesco can maximise their profit. Growth Growth means a business is increasing its size, either by employing more people, increasing it product range and opening more branches. This show Tesco has been growth strongly.Tesco has growth up to 13 countries. They have stores in China, India, Malaysia, South Korea, Thailand, Czech Republic, Hungary Ireland, Poland Slovakia, Turkey, and USA. Also there are over 500,000 employees’ works for Tesco. Tesco has become third biggest retailer in the world. In 1997 is the time Tesco start to growth the core business and diversify with new products and services in existing and new markets. From 1998 Tesco has expanding the range of product that sell, for example by stocking clothes, household products and electrical. During those years Tesco starts to offer car and house insurance, loans and credit card.In 2003 Tesco has entering to telephone market. This shows the new range of products has attracted new customers. This suggests that it will be easier for Tesco to achieve it aim of growth In 1924 Tesco start growth in UK. In 1995 Tesco started trading in Hungary and now there are 212 stores in Hungary. Tesco has achieved their objective of being an outstanding international retailer, new technology and protection of the environment. For example In Hungary Tesco has developed range of technologies to reduce our carbon emissions including solar panels on stores, natural refrigeration  systems and energy efficient lighting systems.The most success ful international business is in South Korea call Home plus. This business first opened in 1999 and now has more than 450 stores consisting of both large hypermarkets and small Express stores. Home plus has employed more than 27000 people. In each week there are more than 6m customers go into the shop to buy things. I think they have growth so successfully around the world because they give very good value for the customers and provide a big range of products. In the UK Tesco operates a home shopping service on the Tesco.com wedside.In May 1984, Tesco has become the world's first recorded online home shopper. Tesco has operated on the internet since 1994 and was the first retailer in the world to offer a robust home shopping service in 1996. Tesco has entered online music in 2004. In 2011 Tesco has brought Binkbox which is an online movie streaming. This has achieved the objective of to be an outstanding international online retailer and growth in UK core. It shows the increase of T esco’s selling space during the last decade. This chart also shows the growth of Tesco.(Source: Tesco annual reports) Tesco use quantitative and qualitative information to measure the degree to which they are achieving their aims and objective. In quantitative information, Tesco is looking for some number or figures. For example actual, target sales figures over time, number of people went to Tesco in a week, percentage of customer use the self check out service etc. Tesco will use club card data to find out the information. After find the information Tesco will know they have achieved the aim or objective or not.In qualitative information, Tesco is looking for some opinion from stakeholder. Tesco can done by questionnaires to customer ask them what they feel about Tesco and how Tesco meet their needs. Also Tesco can use consumer panels involves taking response from people who regularly sit on panels and give Tesco opinions on given products. That information can help Tesco t o achieve their aim and give some information about improvement. Overall Tesco is a very successful business. In 1924 only one person start the business of Tesco and now Tesco become the world third largest retailer.Before we only can find Tesco in UK, but now we can find Tesco across the world. This shows Tesco has achieved the aim of growth successfully. Most of Tesco stores have achieved the aim of survival which is very good. We also find Tesco try very hard to achieve fully to their aim of maximising profit and sale. Tesco also meet the stakeholder needs very well. They always find their way to make their employees, investor, suppliers and the most important stakeholder customer very happy. This is the reason why Tesco is the world third largest retailer.

The Issues Of Inflation And Minimum Wage - 1963 Words

If someone were ill, where would that person go? What would that person do? Most people would rest, take medication, and most importantly see a doctor; doctors help people get back on their feet. Similarly, an economist’s main job is to take certain measurements to ensure that the economy is on track, to help it from becoming â€Å"ill.† The most important of these measurements is economic growth. Constant growth keeps the nation’s per Capita GDP high and inflation at a healthy, manageable percentage. Unfortunately, while looking at the big picture, things can go overlooked or, in a worst case scenario, become skewed. Recessions can cause people to lose faith in economists, and economists can even lose their own optimism. The issues of inflation and minimum wage, as well as numerous other economic factors, could have massive ramifications upon our economy in the future decades to come. After the Great Depression and World War II, the United States and other countries around the world were struggling due to the apparent economic impact that persisted. The United States started the modern era with a boom and growth was noted both in the overall population and economy. With this success, the number of consumers and their spending behaviors improved significantly, resulting in an increase of the American middle-class social status. As years progressed, there was an expansion of labor policies and labor unions were established, which led to larger employment in variousShow MoreRelatedA Brief Note On Raising Minimum Wage1088 Words   |  5 PagesBrendan Mason Mrs. Scruggs 08/07/15 Raising minimum Wage There is always talk about the problems of North Carolina’s economy, and these problems then become publicized and put throughout the media, informing people on the condition of their state’s economy. 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