... | | Unit Code | MBS630 | Unit name | International Business | Enrolment mode | Internal / external | Date | 28 Feb 2016 | Assignment number | Assignment 1 | Assignment name | Case Study – India’s Economic Transformation | Tutor | Tracie Scott | Student’s Declaration: * Except where indicated, the work I am submitting in this assignment is my own work and has not been submitted for assessment in another unit. * This submission complies with Murdoch University's academic integrity commitments. I am aware that information about plagiarism and associated penalties can be found at http://www.murdoch.edu.au/teach/plagiarism/. If I have any doubts or queries about this, I am further aware that I can contact my Unit Coordinator prior to submitting the assignment. * I acknowledge that the assessor of this assignment may, for the purpose of assessing this assignment: * reproduce this assignment and provide a copy to another academic staff member; and/or * submit a copy of this assignment to a plagiarism-checking service. This web-based service may retain a copy of this work for the sole purpose of subsequent plagiarism checking, but has a legal agreement with the University that it will not share or reproduce it in any form. * I have retained a copy of this assignment. * I will retain a copy of the notification of receipt of this assignment. If you have not received a receipt within three days, please check with your Unit Coordinator...
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...the Department of Education (DepEd) is geared towards the transformation of education through the DepEd Computerization Program (DCP). 2. DCP aims to provide public schools with appropriate technologies that would enhance the teaching-learning process and meet the challenges of the 21st century. This program shall respond to the computer backlog of public schools by providing them hardware and software, and training on simple trouble shooting. 3. Through this program and the combined efforts of other government agencies and the private sector, 5,409 public secondary schools have been provided with at least one computer laboratory each. This ranges from 10-20 computer units including other peripherals depending on the agencies providing the computer units. The objectives of the DepEd Computerization Program are as follows: 1. Provide computer laboratory packages to secondary schools; 2. Provide e-classroom to elementary schools; 3. Provide laptop units to mobile teachers; 4. Integrate ICT in the school system; 5. Raise the ICT literacy of learners, pupils, students, teachers and school heads; and 6. Reduce the computer backlog in public schools. 4. The following are the Program Components: A. Infrastructure Provision The Technical Service-Information and Communication Technology Unit (TS-ICTU) together with the different Bureaus has come up...
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...health care costs take a heavy chunk of the USA Gross Domestic Product and no other costs measure closely to this. Solutions will include several committed and patient stakeholders at the helm; and some element of risk to effect the change and transition. Firstly, a recommendation is a need to make health insurance affordable and accessible to all. There are too many horror stories of people perishing because of lack or limited health insurance. Already the current government is making a transition to reform the health care system provide the public with affordable insurance. A debatable move, but health care should be a public good and the onus should be on any government to invest and commit to healthcare. It works for other economies such as Canada and England. Therefore should I strongly endorse the move of the any health care reform. No doubt the task will be challenging but like any system, with time and commitment the transformation will come. To undertake this deliberate move, robust investment is needed by the government. One aspect the government can undertake is to apply greater tax to luxury...
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...between various types of financial markets according to function • Appreciate the importance of globalisation • Understand the effects and consequences of a financial crisis on a financial system and economy 1-3 1 Functions of a Financial System • Money – Acts as medium of exchange – Solves the divisibility problem, i.e. where medium of exchange does not represent equal value for the p q parties to the transaction – Facilitates saving – Represents a store of wealth 1-4 Functions of a Financial System (cont.) • Role of markets – Facilitate exchange of goods and services by bringing opposite parties together establishing rates of exchange, i.e. prices • Financial Markets consist of: • Surplus units – Savers of funds available for lending • Deficit units – Borrowers of funds for capital investment and consumption 1-5 1.1 Functions of a Financial System (cont.) 1-6 2 Functions of a Financial System (cont.) • Financial instrument – Issued by a party raising funds, acknowledging a financial commitment and entitling the holder to specified future cash flows • Double coincidence of wants satisfied – A transaction between two parties that meets their mutual needs 1-7 Functions of a Financial System (cont.) • Flow of funds – Movement of funds through the financial system between savers and borrowers giving rise to financial instruments • Financial system – Comprises financial institutions, instruments and markets facilitating transactions for...
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...PUBLIC SECTOR: Public sector is an organization which is owned by public authorities including central state or local authorities to an extend of 50% or more. The public sector is that portion of society controlled by national, state or provincial, and local governments. The public sector overlaps with the private sector in producing or providing certain goods and services. The extent of this overlap varies from country to country, state to state, province to province, and city to city. This overlap is most often seen in waste management, water management, health care, security services, and shelters for homeless and abused people. ROLE OF PUBLIC SECTOR IN INDIA: The public sector has been playing a vital role in the economic development of the country. In fact the public sector has come to occupy such an important place in our economy that on its effective performance depends largely the achievement of the country's economic n social goals. Public sector is considered a powerful engine of economic development and an important instrument of self-reliance. The main contributions of public enterprises to the country's economy may be described as follows: * Employment: Public sector has created millions of jobs to tackle the unemployment problem in the country. Public sector accounts for about two-thirds of the total employment in the organised industrial sector in India. By taking over many sick units, the public sector has protected the employment of millions. Public sector...
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...The Balanced Scorecard (BSC) Framework, Implementation Methodology and Recommended Application - Executive Brief (April 2012) - Introduction Balanced Scorecard is an integrated, organization-wide management system that drives, in an aligned manner, the transformation, improvement and modernization efforts of all hierarchical levels towards the accomplishment of organization’s Strategy. For this reason, Balanced Scorecard is also known as a Strategy Execution system. More precisely, Balanced Scorecard represents a framework for aligned Strategic Planning and for the consistent management of the organizational and individual performance in the execution of the Strategic Plan. Furthermore, Balanced Scorecard is a communication tool that helps each employee better understand where the Strategy drives the organization, what the plan is for reaching that destination and what their departmental and individual measured contribution is to that convergent effort. With such understanding, the employees – whether directly involved in the planned Strategy Execution, or not – can also change and improve the way they perform their daily jobs through micro-decisions that are both convergent and complementary to the execution of organization’s Strategic Plan. BSC History Balanced Scorecard has been launched twenty years ago as a first set of principles for balanced strategic Objectives and Measures/KPIs setting and measurement. The “parents” of Balanced Scorecard are Dr. Robert S. Kaplan...
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...to bring savers and borrowers together. Businesses are never deficit spending units (DSUs). A financial claim is an “IOU” from a deficit spending unit. Investment bankers help deficit spending units (DSUs) bring new primary security issues to market. Deposits in a credit union by a household are an example of direct finance. When a surplus spending units (SSU) owns a financial claim created by financial intermediation, its residual claim is against a deficit spending units (DSU). Assets of financial intermediaries include direct financial claims only. Finance companies take small consumer deposits and make large consumer loans. Liabilities of financial intermediaries are indirect financial claims. Direct finance requires a more or less exact match of preferences. There must be an equal number of DSUs and surplus spending units ( SSUs) in a period. Every financial claim appears on two balance sheets. Without a financial sector, real investment must be financed internally by the deficit spending unit. Depository intermediaries issue claims that are for the most part highly liquid. A household is a surplus spending units when income for the period exceeds spending. A surplus spending units surplus spending unit (SSU) must hold a claim until its scheduled maturity. Financial claims or securities are written for the mutual benefit of both SSU and DSU. Deficit spending units (DSUs) and surplus spending units (SSUs) always have some contact with each other in financial markets. Commercial...
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...Contents i Financial system in India Sections 1.0 Financial system in India - Introduction - Evolution - Direction of household sector savings Chart 1.1 Tables 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 Household sector savings in financial and physical assets Proportion of gross household savings in financial assets Banks and financial institutions: Financial assets Indian financial system: Key financials Capital markets: Resources mobilised Stock market: At a glance Mutual funds vis-à-vis bank deposits Mutual funds: Sales and redemptions Mutual funds: Categorywise resourse mobilisation Incremental mutual fund collections to bank deposits Banks: Investments in shares NBFCs: Total assets and deposits NBFCs: Net owned funds vis-a-vis public deposits 10 10 11 11 12 13 14 14 14 15 15 15 16 Financial system in India: Overview 9 8 8 8 8 CRIS INFAC BANKING ANNUAL REVIEW: AUGUST 2002, 136 PAGES i Financial system in India 1.0 This chapter provides an overview of the financial system in India and its evolution, especially in the post-1991 reform period. The evolution of the Indian financial system can be viewed, broadly in two phases, pre-1991 and post-1991. In the post-1991 phase, a series of steps were taken to liberalise and develop the financial system. As a result of the reforms, the depth and width of the financial markets in India, in terms of the number of financial instruments and the number of active participants in the market, has improved. Subsequent...
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...THE SMALL AND MEDIUM ENTERPRISES (SME) IN BANGLADESH: AN OVERVIEW OF THE CURRENT STATUS DR. MOMTAZ UDDIN AHMED VICE CHANCELLOR STATE UNIVERSITY OF BANGLADESH 1.0 The Case for the SMEs The SMEs1 worldwide are recognized as engines of economic growth. The commonly perceived merits often emphasized for their promotion especially in the developing countries like Bangladesh include their relatively high labour intensity, dependence on indigenous skills and technology, contributions to entrepreneurship development and innovativeness and growth of industrial linkages. The case for fostering SME growth in Bangladesh is irrefutable as these industries offer bright prospects for creating large-scale employment and income earning opportunities at relatively low cost for the un-and unemployed especially in the rural areas strengthening the efforts towards achieving high and sustained economic growth which are critically important prerequisites for triggering an exit from endemic poverty and socio-economic deprivation. These promotional arguments for the SMEs, while universally emphasized are often put forward by their ardent advocates in a small versus large context and thus arouse serious debates concerning their economic viability. Much of such controversies may, however breakdown if the intrinsic virtues specific to SMEs and unavailable to large-scale industries are correctly identified and carefully exploited. A combined interaction of the forces of product-mix, locational...
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...ABE Level 5 Diploma Unit Title: The Business Environment Learning Outcome: 1. Understand the significance of the environment on business activity. Please note that the content of this Lecture Guide is listed in its recommended teaching order, rather than in numerical order. Indicative Content: 1.1.1 Explain the business organisation as a transformation process: • Business organisations undergo a transformation process from inputs into outputs, using physical inputs plus finance and skills to produce both goods and services. • Use examples from both manufacturing and service sector organisations to illustrate the process. 1.1.2 Describe the different ways in which a business may structure its activities: • Organisational structures can be based on the functions of the organisation, its product ranges, or geographical regions. Alternatively some less hierarchical organisations may use a matrix structure, especially if the firm is project based. 1.2.1 Discuss the complexity, volatility and uniqueness of an organisation's environment: • The organisation in its environment has to face a wide range of internal and external influences which affect business activity. • The immediate or operational environment interacts with suppliers, competitors, the labour market and financial institutions. • The general or contextual environment consists of economic, political, legal, and social factors. Each functional area of the organisation may be affected. • Whilst organisations have some...
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...Rangarajan Abstract With the diminishing reserves of fossil fuels compounded by their negative effects on the environment, clean and renewable sources of energy to meet next generation energy demands undoubtedly need to be found. However an even more critical aspect governing global energy challenges is the way governments around the world take responsible actions and implement energy policies that are conducive to a sustainable future. A recent development in this regard is the German Energiewende, or Energy Transformation, one of the most ambitious projects of its type. The project aims to completely transition the German energy sector to one powered by renewables by the year 2050. Along with the benefits to energy security and controlled carbon emissions that such a policy would bring, the German government‟s efforts have also sparked a wide-scale increase in investment into emerging technologies. This has led to a vast increase in employment in the energy sector, and has also given rise to the concept of „prosumers‟, or individuals who produce and sell their own electricity through privately owned solar installations. Although the long term benefits of this project are enormous and the potential limitless, there are several short term repercussions that are slowing it down. Chief among these is the spiraling costs of electricity due to the additional feed in tariffs and taxes that are being paid in order to sustain the growth. These have given rise to the fear that Germany...
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... 2 July 2010 1. INTRODUCTION: The National Budget was presented to the nation by the Minister of Finance, Planning and Economic Development, Hon. Syda Bbumba on Thursday 10th June 2010. ULGA as the representative body for the local governments is carrying out a detailed analysis of the budget. Below are some of the critical issues to note: 2. OVERALL BUDGET PRIORITIES: In line with the National Development Plan (NDP)2010-2015, whose theme is “Growth, Employment and Socio Economic Transformation for Prosperity”. The Budget this year focuses on the following priorities: • Infrastructure development in roads and energy. • Promotion of science, technology and innovation to facilitate value addition and employment. • Enhancing agricultural production and productivity. • Private sector development and • Improving public service delivery. Suffice to note that Decentralization remains the key policy of the NRM Government in implementing the NDP. The spending in local governments is largely aligned to government priorities of Education, Health, Agriculture, Transport, Water and Good Governance. As such, financing the local governments is imperative for government to realise its priorities as given in the budget. 3. TRANSFERS TO DISTRICTS AND OTHER LOCAL GOVERNMENTS: Transfers to Local Governments are estimated at Ushs1.474 billion in Fiscal...
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...poverty. There is a scarcity of resources with high demand of services in the public sector. So, there is no alternative than to find more cost-effective ways to ensure these service deliveries. The digital (or e-) revolution holds the potential to increase the quality of citizen services and increase accountability, transparency and efficiency. Bangladesh in recent times, takes various initiatives to benefit from ICT. However, the effectiveness of this initiatives and its’ impact on present service delivery scenario and citizens experience – the end user of such initiatives are yet to explored in Bangladesh. In this we paper, we will try to evaluate the progress from these initiatives and explore these unexplored questions. Literature Review E-Governance E-governance is the most attractive, interesting and growing phenomenon and has become one of the central parts of administrative reform and good governance (Moon, 2002). According to the E-Government Act of 2002, it is the use by the government of Web-based Internet applications and other information technologies, combined with processes that implement these technologies, in order to enhance the access to and delivery of government information and services to the public, other agencies, and other government entities; or to bring about improvements in government to operations that may include effectiveness, efficiency, service quality, or transformation vii. In a broader perspective, e-governance is the application of ICTs...
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...AN INSTITUTIONALIST STUDY ON THE PERFORMANCE MANAGEMENT SYSTEM IN A GOVERNMENT- LINKED ORGANISATION NORHAYATI BINTI MOHD ALWI UNIVERSITI SAINS MALAYSIA 2009 AN INSTITUTIONALIST STUDY ON THE PERFORMANCE MANAGEMENT SYSTEM IN A GOVERNMENT-LINKED ORGANISATION by NORHAYATI BINTI MOHD ALWI Thesis submitted in fulfilment of the requirements for the degree of Doctor of Philosophy September 2009 ACKNOWLEDGEMENTS I am especially indebted to my supervisor, Dr. Siti Nabiha Abdul Khalid for her constant guidance, limitless support and patience throughout the period of my study. There is no way that I would be able to repay the kindness and caring that she has shown to me. I am thankful to Assoc. Professor Dr. Yuserrie, for giving valuable inputs to my study and also to others in the School of Management, who have helped me in some way or another. I would like to acknowledge the comments made by Professor Lee Parker and other participants of the Global Accounting and Organisational Change Conference, held in Melbourne, Australia in July 2008. A special thank you is also dedicated to Professor John Burns for the insightful comments on the research. I am also indebted to my employer International Islamic University Malaysia and the Ministry of Higher Education for providing the financial support. Thanks so much also to the respondents for their willingness to share some of their thoughts and experiences, which have made my data collection easier than I would ever...
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...1 Student: ___________________________________________________________________________ 1. The exchange of goods and services is made more efficient by: A. barters. B. money. C. governments. D. some combination of government transfer and barter. Short selling is: A. the sale of a financial product at a discount to its current market value. B. the sale of a financial product in small quantities. C. the sale of a financial product that the seller does not own. D. the sale of a financial product where the seller agrees to buy it back at a predetermined price. The term ‘medium of exchange' for money refers to its use as: A. coinage. B. currency. C. something that is widely accepted as payment for goods and services. D. any standard of value that prices can be expressed in. The role of money as a store of value refers to: A. the value of money falling only when the money supply falls. B. the value of money falling only when the money supply increases. C. the fact that money allows worth to be stored readily. D. the fact that money never loses its value compared with other assets. Money increases economic growth by assisting transfers from: A. consumers to investors. B. savers to borrowers. C. businesses to consumers. D. borrowers to investors. Financial markets have developed to facilitate the exchange of money between savers and borrowers. Which of the following is NOT a function of money? A. A store of value B. A medium of exchange for settling economic transactions C. A claim...
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