Singapore Banking and Finance Services Sector

Singapore Banking and Finance Services Sector Introduction What is the banking and finance services sector? Definition of banking and finance gives information of definition of banking and definition of finance. Finance means circulation of capital such as money and currency, or procurement and management of the capital, in connections with financing activities. Finance and banking service is Services and products provided to consumers and businesses by financial institutions such as banks, insurance companies, brokerage firms, consumer finance companies, and investment companies all of which comprise the financial services industry (InvestorWords, 2015). Two of both sectors are related to each other. What does this sector mean to the Singapore economy? Banking and Finance of Singapore economy is finance and banking services. In recent years, Asian countries are receiving attention from the world because they have an infinite of possibilities and capabilities such as enormous number of population, geographical position and abundant natural resources. Most of all, Singapore have grown up and developed rapidly. Since 1970’s, Singapore was called ‘four Asian dragons’ with several Asian countries, which are Hong Kong, Taiwan and South Korea because Singapore and those countries could become rapidly industrialized by cheap and plentiful labor and active export policy. Especially, Singapore have been developed by finance and banking services. Contribution of these sectors to the national economy Singapore economy could be developed by contributions of finance and banking services sector such as Job market and Financial Hub and attracting foreign direct investment and so on. Especially, the reasons of developing is that Singapore is a huge financial hub and attracting foreign direct investment. Early Singapore was limited land space and natural resources. To overcome those disadvantages, Singapore pursued trade liberalization. And to make the best use of a geographic benefit, this country intermediated trade. Therefore, Singapore is able to be a finance hub and attract foreign direct investment. Nowadays, Singapore is an international major financial trading hub to lift up its head in dealings of foreign exchange and the domain of asset management. Foreign-exchange market of Singapore is ranked top five in the world after London, New York, Zurich and Tokyo. And then, there is 110 number of foreign banks. The scale of asset management is about S$ 1trillion. Recently, Singapore is pushing forward a business of Islam finance. For attracting foreign direct investment, Singapore is a trade liberalization because there is a transport center by its conditions of a location. Because of using this benefit, there is total 5 container terminals and 45 berths. This container port processes one-fifth amount of international transhipment. Moreover, Singapore airport ‘Chang-I’ is connecting with 200 cities in 60 countries. There is 85 airlines. Second contribution is Job Market. According to improving Singapore’s finance and banking services, there is the number of foreign banks and businesses. It means that getting job in Singapore is able to be easy. And then, GDP per capita in Singapore also will increase. Below graph is GDP per capita in Singapore from 1960 to 2013. -GDP per capita of Singapore (GDP of Singapore, bln. Dollar, 1970-2013) According GDP per capita in Singapore line graph, the GDP per capita was rising steadily from 1970 to 2013. In 1960, the GDP per capita is only 925 USD. It is the lowest GDP per capita from 1970 to 2013, ranked 74th in the world. For example, the figure measured lower than GDP per capita of Indonesia (86 USD) and Malaysia (343 USD), which are Singapore’s neighbor countries, and then one of developing countries in the Asia currently. On the contrary, the highest GDP per capita was a near 54,649 USD in 2013. The measured value of GDP (54,649 USD) per capita is higher than some developed countries such as U.S.A (5126 USD) in about 6 times, Japan (2016 USD) in 2 times, and Germany (2712 USD) in 3 times. Generally, this graph is drawn by upward curve. (Kushnir, n,d) Challenges facing by this sector in the future Singapore economy has been improved by banking and finance services. However, the sector is able to face challenges such as dependency of global economy and other regional financial hub in the future. Singapore is the biggest Asia finance hub. Thus, economy of Singapore is exposed and influenced by global economic conditions. And then, it is shown by GDP of Singapore. GDP of Singapore, 1970 to 2013 (GDP per capita in Singapore, bln. Dollar, 1970-2013) The Above line graph illustrates GDP of Singapore from 1970 to 2013. Generally, GDP of Singapore draws upward curve. In 1970, GDP of Singapore was an estimation of 1.9 billion USD (United States Dollar). It is ranked 74th in the world. By 1980, the GDP slowly increased to about 12.08 billion USD. Moreover, after 1980, the GDP took a sharp increased from to 1997. However, from 1997 to 2004, the graph of GDP is generally decreasing by Asia economic crisis. The issue appeared from South Korea. Some of Asian countries tried to be capital decontrol. But without capital, the countries should take out a loan from IMF (International Monetary Fund). Thus, Singapore economy was also affected from Asia economic crisis. Eventually, most companies in Singapore ought to restructure with layoff, and is under threat of bankrupt. Nevertheless, once again, it steadily increased to the year 2013. In 2013, the GDP was about 297.94 billion USD. (Kushnir, n,d) According to GDP, after 2004, Singapore economy has been grown. However, from 1997 to 2004, had been decreasing because of Asia economic crisis in the period. It means that the same economic condition will be happened by global and regional economy in the future. Other challenge in Singapore is competitive from other regional financial hub. The number of Asian international financial centers (IFCs) such as Seoul in South Korea, Tokyo in Japan and Shanghai in China want to become international financial hub. Nowadays, the international financial centers of those cities are developing and making an effort, and then each cities are competitors of Singapore financial center. For example, one of the competitor, Seoul in South Korea, establish the Korea National Committee for Pacific Economic Cooperation (KOPEC). In 2007, KOPEC had a convention of an international conference in Seoul with 3 Asian countries such financial centers (Hong Kong, Seoul, Shanghai, Tokyo and Singapore). Another microeconomic challenge is a ‘Shortage of skilled talent’. In Singapore, is already international financial hub, there is the number of business and banks are having competitions. If employees in organization have shortages of skill and talent, they would not survive in the rapidly changing world economic situation. For example, ‘Accounting and writing skills are crucial’, ‘International talent in High demand at money-center banks’, ‘Marketing types wanted’, ‘Days of easy hours long gone’ and then ‘MBA optional’. They should develop their own skills and talents, and then may follow the economic flow. (Hean Hoo, 2015) Strategic planning by this sector in the present and the future In Singapore’s finance and banking services sector, there is the number of competitors such as banks and businesses as well as financial centers from other Asian cities. Singapore should have strategic planning such as training and education, and global innovation. Training and Education Most of organizations should train and educate their employees for the rapidly changing world economic situation for employees’ effective, accurate and practical performance of tasks. After training and education, the employees would be more developed. One of way in effective training and education is E-learning by developed technology. When organizations open online lecture, the employees may get the organization’s training and education through their Smart-Phone and Tablet PC. This kind of training for adults looks helpful and effective for them that they can be able to learn all of the necessary things that they need in improving their skills and techniques. (Stephanie, 2014) Stress testing and risk management Stress testing for risk management is one of the useful method for identifying how a portfolio would be fair during a period of financial crisis. One of the most general used ways of stress testing is ‘The Monte Carlo’ simulation. Moreover, this simulation technique is also used to be aware of how several risks will influence an organization and industry. Before an economic a financial crisis, using the simulation is able to detect and predict future economic crisis with solutions. Therefore, countries and organizations ought to do stress testing and manage future risks. Conclusion How the MAS supports this sector? The Monetary Authority of Singapore (MAS) is a Singapore central bank, a kind of Singapore government department. MAS has authority of regulation and supervision of Singapore finance and banking, and then it issues money and drafts a law of financial and banking policy. This department focuses on exchange rate rather than interest rate otherwise other central banks. According to developing Singapore, Singapore is complicated by the number of bank works with finance, so the government established ‘Monetary Authority of Singapore Act’ in January, 1991. (Monetary Authority of Singapore, 2014) What is the outlook for the future of this sector in Singapore? Nowadays, Singapore is one of the most developed countries in the world, as well as in Asia because of the finance and banking services. Through the GDP and the GDP per capita from 1970 to 2013, the graphs are illustrated that it has increased and grown up in the future. In the end, Singapore finance and banking services will be more by several contributions. However, Singapore will also face several challenges in the future, so the country should have strategic planning of the sector, and predict and manage future risks. References InvestorWords (2015) InvestorWords. Availanle at: http://www.investorwords.com/19080/financial_services.html [Accessed 15 May 2015]. Kushnir, I. (n.d) World macroeconomic research, 1970-2013. Available at: http://kushnirs.org/macroeconomics/gdp/gdp_singapore.html [Accessed 15 May 2015]. Kushnir, I. (n.d) GDP of Singapore, bln. Dollar, 1970-2013. Available at: http://kushnirs.org/macroeconomics/gdp/gdp_singapore.html [Accessed 16 May 2015] Kushnir, I. (n.d) GDP per capita in Singapore, bln. Dollar, 1970-2013. Available at: http://kushnirs.org/macroeconomics/gdp/gdp_singapore.html [Accessed 16 May 2015]. Hean Hoo, W. (2015) Economics Policy and the Global Environment LECTURE SLIDES. Kaplan/Dublin: Veritas. Stephanie, R. (2014) ‘Workplace Training and Education: Effective Methods for Training Adults’, Human Resources Blog, 17 Feburary. Available at: http://tribehr.com/blog/workplace-training-and-education-effective-methods-for-training-adults [Accessed 18 May 2015]. Monetary Authority of Singapore. (2014). Monetary Authority of Singapore. Available at: http://www.mas.gov.sg/about-mas/overview.aspx [Accessed 17 May 2015].

e.e. cummings You shall above all things be glad and young Essay

e.e. cummings' You shall above all things be glad and young E.E. Cummings' "You shall above all things be glad and young" is a poem written for a man in love. It is a praise of the joys that love can bring men and women, yet also a warning of what can go wrong if you let your mind get in the way. This poem jumps from three different shifts in the tone of the speaker. In the first and second stanza Cummings is telling the reader the beauty of love. The third and forth stanzas are informing the reader to be careful with letting thoughts fog the innocence of their feelings. And finally, the couplet to end the poem implores you to go out and live life with the same naivete that you should pursue love with. you shall above all things be glad and young by e. e. cummings you shall above all things be glad and young For if you're young, whatever life you wear it will become you;and if you are glad whatever's living will yourself become. Girlboys may nothing more than boygirls need: i can entirely her only love whose any mystery makes every man's flesh put space on; and his mind take off time that you should ever think, may god forbid and (in his mercy) your true lover spare: for that way knowledge lies, the foetal grave called progress, and negation's dead undoom. I'd rather learn from one bird how to sing than teach ten thousand stars how not to dance Here, Cummings speech act is a command. He is telling you that before you do anything else in life, you should be glad and young. By using the word glad, Cummings is saying to be happy. If you do nothing else, smile. And by young, Cummings may not be telling you to be physically young, which is an impossible feat in the first place, but rather, be youthful.... ...progressed its innocence towards knowledge, and by that, you have set your love towards its end. The couplet to end Cummings poem, only sustains in greater detail, his feelings for innocence in love. Yet, the couplet changes from innocence in love to bringing the same attitude towards life. To summarize the lines, Cummmings is saying, no matter how great and immense the stars are, they still just sit there. And although there is great simplicity in an everyday songbird, to sing like them is more precious and fulfilling than all the stars in the sky. Cummings is asserting that we should take notes from a birdà ­s innocence. Do what makes you feel good. Do not worry yourself with how your mind feels, follow your heart. In lesser words, Cummings is taking notes form Whitman. He is telling the reader to live their life with vigor. Sing, don't just let life pass you by.

Dells Direct Business Model Essay -- essays research papers

Subject: Dell’s Direct Business Model   Ã‚  Ã‚  Ã‚  Ã‚  Will Dell’s direct business model continue to provide a competitive advantage as fellow competitors Compaq, IBM, and HP emulate Dell’s direct model? Dell’s direct business model bypasses the dealer in the supply chain and sells computers directly to customers, building each to order. Dell does not manufacture the computer components; they merely assemble computers based on components that are available in the market. Dell’s use of technology and information to blur the traditional boundaries between suppliers, manufactures, and users is named virtual integration. To achieve the advantages of an integrated company, Dell treats suppliers and service providers as if they were inside the company. Their systems are linked in real time to Dell’s system and their employees participate in design teams and product launches. Dell measures inventory velocity which is defined as the reciprocal of the average amount of time a product spends in inventory. Accumulating inventory is the fast moving PC computer industry is very risky due to the fact that many components quickly become outdated. In 1998 Compaq, IBM, and Hewlett-Packard all announced plans to mimic portions of Dell’s direct business model, with various build to order plans. All have had difficulty in making the transition. These companies are moving towards a target inventory level of four weeks, conversely, Dell maintains just eight days of invento...

Compare how each writer uses language to present his views of London Essay

For many centuries London has been a vast, complex place. Many have described it as the capital of the world, however there are many different views. Some would agree that London is a wonderful place where everyone lives in happiness and peace whereas other would point out that those kind of people are delirious and that it is the dirtiest most corrupt place in England. Two such views were expressed by two poets William Wordsworth in his poem named â€Å"Composed upon Westminster Bridge, 3rd September 1802† and the more political writer William Blake with his poem entitled â€Å"London†. The questions is, ‘Do both poets use language effectively to express their contradictory opinions on London?’ One difference between the two poems is the way each uses enjambrement. Blake’s poem has short, snappy lines perhaps to indicate a kind of overall lethargy among the people while Wordsworth’s poem has long lines which flow into each other to create a smooth and relaxed mood – possibly also to symbolise how he viewed the river of London. One of the interesting aspects of Wordsworth’s and Blake’s poems is their separate ways of describing the river, Wordsworth thinks of it as gliding ‘at his own sweet will’ whereas Blake refers to it as the ‘Charter’d Thames’. Wordsworth sees the river as free and sweet. By using ‘his’, he is personifying the river as if it has a choice. He enhances this by using ‘own sweet will’. Blake calls it Chartered, indicating the complete opposite of Wordsworth’s opinion. Chartered means organised and generally bent to man’s will and this is how Blake sees it. He further develops his opinion by calling it the Thames, calling it by it’s man made name. Blake sees the river as being twisted by man and disliked because of that. Blake and Wordsworth set two very different scenes, Wordsworth uses phrases such as ‘bright and glistening in the smokeless air’ and ‘The beauty of the morning; silent, bare’ to set a scene of calm glistening beauty, to set a scene of a kind of fairy-tale wonderland. Wordsworth shows the reader how the surroundings make him feel by commenting ‘Ne’er I saw, never felt, a calm so deep!’ this gives a further direct calming effect on the reader. Blake, on the other hand, uses the word ‘streets’ twice in context with ‘midnight’ and ‘Charter’d’. His repetition on the word streets is to insinuate that there are streets upon streets, creating a monotonous sameness to everything, his repetition on ‘Charter’d’ strengthens his view of unnaturalness in London. An intriguing observation is that both poets talk of glamorous and gracious buildings, but the context they are mentioned in changes their whole meaning. Wordsworth describes them as being ‘Open unto the fields and to the sky;’ indicating a certain freeness and naturalness, he is saying that buildings can be natural if natural is synonymous with good, as Blake’s man made is synonymous with bad. Blake uses ‘Palace’ with ‘blood’ and ‘Church’ with ‘black’ning’, he is indicating that the people of the Church have gone against it’s morals and the people of the Palace are sending soldiers to their death for unworthy reasons. Blake and Wordsworth set two very different scenes, Wordsworth uses phrases such as ‘bright and glistening in the smokeless air’ and ‘The beauty of the morning; silent, bare’ to set a scene of calm glistening beauty, to set a scene of a kind of fairy-tale wonderland. Wordsworth shows the reader how the surroundings make him feel by commenting ‘Ne’er I saw, never felt, a calm so deep!’ this gives a further direct calming effect on the reader. Blake, on the other hand, uses the word ‘streets’ twice in context with ‘midnight’ and ‘Charter’d’. His repetition on the word streets is to insinuate that there are streets upon streets, creating a monotonous sameness to everything, his repetition on ‘Charter’d’ strengthens his view of unnaturalness in London. Both writers enhance their scenery by hinting at colours to set a more vivid picture. ‘Blood’, ‘midnight’, ‘black’ning’, are all words used by Blake, suggestions of the colour red and black which create a gloomy surrounding. Red (blood) as in anger and black to suggest darkness, sorrowfulness and endlessness. Wordsworth suggests colour with a more subtle method using ‘Never did the sun more beautifully steep’ he hints at gold and blinding white colours, and also at cool shade coming from the buildings. Wordsworth’s rhyme scheme is planned out as a love sonnet (a b b a a b b a c d c d c d), whereas Blake repetitive and simple rhyme scheme ( a b a b a b a b a b a b a b a b a b). Wordsworth rhyme scheme is writing a love sonnet about London whereas Blake’s rhyme scheme evokes a boring repetitiveness yet again synonymous with how Blake views London. The final difference mentioned in this essay is that whereby Blake mentions quite a few different groups of people such as ‘Harlot’, ‘Soldier’, ‘Chimney Sweep’, ‘Infant’ – all unfortunate groups bar the infant which is mentioned in an unfortunate context repetitively – Wordsworth mentions no people but instead personifies the river (‘The river glideth at his own sweet will’), the city (‘This city now doth like a garment wear’, ‘The very houses seem asleep!’) and the sun (‘In his first Splendour’). Wordsworth, whilst making it evident that there is no one around but himself, is saying the city, the river and the sun are all entities of which he has just met and thinks highly of them. In conclusion, both poets are high-quality writers who know how to use language effectively to enhance their views. Although Blake is a deeper, darker and more political writer and his poem seems to be the better of the two, Wordsworth poem does have complexity going to a slightly deeper level than Blake’s but it seems naive and idealistic. Blake uses simple rhyme schemes and repetition to develop his opinion but Wordsworth uses a more complex rhyme scheme whilst subtly personifying parts of the city. With that said, both artists were good at what they did and both can use language to successfully articulate their attitudes toward London.

Epistemic Dilemma: Hume Versus Descartes Essay

While Descartes believes that knowledge can be gained by reason alone, Hume’s Empiricism suggests that we can only gain knowledge from the experiences of perceptions, which he called â€Å"Impressions.† Rationalists use skepticism to find the most clear and distinct truths and build their foundations from there. Ultimately, Descartes states there are 3 substances that exist- God, mind and body. From doubt and confusion, Descartes finds clarity. Empiricists on the other hand, reject rationalism suggesting knowledge that can not be traced back to an impression from the outside world does not have any meaning. Hume also believes that there is no causality in the world, therefore we can never gain knowledge from events that we have witnessed in the past or the future. Unlike Descartes, how starts in skepticism and ends in clarity, Hume starts with a strong view of how our minds collect raw sense data and ends in skepticism. I argue that Hume’s philosophy is more practical because it relies on the senses. Both philosophies were born from the rise of the Scientific Revolution. According to Descartes, to gain true knowledge, you must first doubt everything. When you reach the point at which you cannot doubt anymore, you achieve the foundation of knowledge. When you doubt everything, you realize that the only thing you cannot doubt is that you are a doubting thing; therefore you must exist in some way. From there, you can reason that there is a more perfect being that exists because you are not perfect if you doubt, and you have an idea what a perfect being is. This perfect being is God. God is also a good being because  Descartes calls these truths, these clear and distinct perceptions. From reason alone, we can affirm the existence of God, Mind and the Body.

Airbus A380 and Company Airbus Company

i Ministry of Higher Education Colleges of Applied Sciences (Salalah) Department of International Business Administration International Business Environment (BUSN 3401) SPRING SEMESTER 7 (2012 – 2013) BOEING COMPANY Name: Mohammed Ahmed Salim al-moqimi ID number: 2008399331 TABLE OF CONTENTS: Contents TABLE OF CONTENTS:2 INTRODCTION:4 BACKGROUND OF BOEING COMPANY:5 Mission:6 Vision:6 Objective:6 COMPETITOR ANALYSIS:7 SWOT:9 Strengths:10 Weaknesses:11 Threats Implications:11 Opportunities:12 THE STRATEGY:13The problems that the company faced are:13 The causes of problems are:13 Action planning:13 Alternative strategy:14 PEST ENVIRONMENT:14 Politics, Legislation:15 Economy, Business Environment:15 Socio-Cultural and demographic forces:15 Technology:16 Competitive forces:16 Physical and natural forces:16 CONCLUSION:18 RECOMMENDATION:19 REFERENCES:20 INTRODCTION: Nowadays, business is vitally affected by the economic, social, legal, technological and political factors. These facto rs collectively form business environment.Business environment is the total of all external forces, which affect the organization and operations of business. The environment of an organization has got internal, operational and general lives managers must be aware of these three environmental levels and their relationship and importance. Therefore, I will talk about Boeing Company as an example. Boeing Company is American Company. It was founded in 1916. Boeing consider as the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.The company design and make rotorcrafts, electronics, defense systems, missiles, satellites, launch vehicles and information and communication system. The biggest competitors of this company Airbus Company. Airbus is one of the world's leading aircraft manufacturers and it consistently captures approximately half or more of all orders. In the coming lines, I will talk about the following po ints which are the background of Boeing Company, mission, vision and its objective SOWT analysis, competitor analysis, action planning, strategies, and the effect of the PEST environment forces on that company.BACKGROUND OF BOEING COMPANY: Boeing consider as the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top American exporter, the company supports airlines and American. and allied government customers in more than ninety countries. The Boeing products and tailored services include commercials and military aircrafts, satellites, weapons, electronics and defense systems, launch systems, advanced information and communication systems, and erformance-based logistics and training. Boeing Company has a long tradition of aerospace leadership and innovation. Company continues to expand its product line and services to meet emerging customer needs. Its broad range of capabilities includes creating new and more efficient members of its commercial airplane family; integrating military platforms, defense systems and the warfighter through network-enabled solutions, creating advanced technology solutions and arranging innovative customer-financing options.With corporate offices in Chicago, the company employs more than 159,000 people across the United States and in 70 countries. This represents one of the most diverse, talented and innovative workforces anywhere. More than 123,000 employees hold college degrees, including nearly 32,000 advanced degrees and in virtually every business and technical field from approximately 2,700 colleges and universities worldwide. Our enterprise leverages the talents of hundreds of thousands more skilled people working for Boeing suppliers worldwide.Boeing is classified into two business units: Boeing Commercial Airplanes and Boeing Defense, Space and Security. Supporting this units are Boeing Capital Corporation, a global provider of financing solutions; th e Shared Services Group, which provides a broad range of services to the company worldwide; and Boeing Engineering, Operations & Technology, which helps develop, acquire, apply and protect innovative technologies and processes. Mission: The mission of the company is to maximize the number of services and opportunities while establishing Boeing’s leadership in NMA activities.Functions that control Boeing are business development and strategy, communications, engineering, operations and technology, finance/shared services group/Boeing capital corporation, human resources administration, international, law and offices of internal governance and public policy. So Boeing Company has many values work to achieve it. First, Leadership is the world class leader in every aspect of our business and in developing our team leadership skills at every level, in our management performance; in the way it design and build support our products and in our financial results.Secondly, Integrity is always takes the high road by practicing the highest ethical standards and by honoring our commitments. It takes personal responsibility for our actions and treats everyone fairly and with trust and respect: Third, the Quality of striving for continuous improvement. So that it take rank among the world’s premier industrial firms in customer; employee and community satisfaction. Finally, Customer satisfactions are essential to our success. Vision: It seeks redressing from the other for unfair government subsidies in the development of new airplanes.Also, it is important for people to work as a global enterprise for aerospace leadership â€Å"People Working Together as One Global Company for Aerospace Leadership. Also, it works hard to develop the education for her employees. Objective: 1. Improve Performance: †¢ Sponsor outstanding dinner meetings and special events. †¢ Exploit multi-media member communications. †¢ Provide effective NMA metrics and reporting. †¢ Address direct support of Boeing’s business goals. 1. Spearhead Expansion †¢ Team with current chapters. †¢ Maintain and increase membership. 2. Implement Training Provide regular development seminar †¢ Apply NMA training tools and courses. 3. Support education and community †¢ Award high school scholarships. †¢ Speech Contest. †¢ Hold Explore Engineering Programs. †¢ Support volunteer activities. 4. Ensure Recognition †¢ Acknowledge Boeing leaders. †¢ Reward chapter contributors. COMPETITOR ANALYSIS: Airbus is an aircraft manufacturing subsidiary of EADS, a European aerospace company. Based in Blanca, France, near Toulouse and with significant activity across Europe, the company produces around half of the world's jet airliners.Airbus Industry began as a consortium of European aviation firms to compete with American companies such as Boeing. Airbus Industries were formally established on 18 December 1970. It had been forme d by a government initiative between France, Germany and the UK that originated in 1967. In the commercial airline business Boeing operates in a duopoly with Airbus. Airbus has been the largest producer of large commercial jetliners for many years, but Boeing has been gaining ground since recent problems at Airbus, especially the 2005-6 massive production delay for the A380.The delay gave Boeing a large advantage in the market for wide body aircrafts which include Boeing's successful 747, 777, and 787 models. Although the Boeing has pushed back the first flight and delivery of the 787, the Airbus 380 delays have been far more substantial. Still, even with Airbus' problems, the race is far from over and competition remains intense between the two companies. In February 2007, the U. S. Air Force awarded a controversial $35 billion air refueling tanker contract to rival Northrop Grumman (NOG) that was widely expected to go to Boeing.During March of 2007, Boeing had filed a formal appea l against the deal with the Government Accountability Office. In June of 2008, the GAO sustained Boeing's appeal against the Air Force and effectively reopened the contract for bidding. As of August, Boeing is currently requesting an extension past the October 1st deadline in order to alter its design to meet the government's new specifications. Airbus employs around 52,000 people at sixteen sites in four European Union countries: Germany, France, the United Kingdom and Spain. In this table I will show you some statistic about Boeing and Airbus Industrie: Company |1994 Sales in $m |1994 Earnings in $m |Market Share % | |Boeing |16,851 |1,022 |62 | |Airbus Industrie |8,000 |N/A |24 | |Company |Gross orders |Cancellations |Net orders | |Boeing |120 |46 |74 | |Airbus Industrie |125 |54 |71 |SWOT: SWOT Analysis of Boeing Company is defined as a framework used extensively for an assessment of the internal as well as external business environment as a part of the strategic or corporate pl anning process. The framework is including the firm's strengths & weaknesses as part of internal environment assessment and opportunities & threats as part of the external environment assessment that aids strategic decision making which may include macroeconomic matters, technological change, legislation, and socio-cultural Changes, as well as changes in the marketplace or competitive position. Strengths |Weaknesses | |Workforces and planning |Loss | |Innovation |Lack of technological innovations | |Management system |Threats of Substitute Products or Services | |Leadership |Competition of trains | |Knowledge |Affect of technology development | |Highly Skilled Managers | | |Provide global customer support | | |Outsourcing | | |High quality of products | |good services | | |Threats |Opportunities | |Competitor |Market developments | |Trade Barriers |Competitors' vulnerabilities | |Deregulation of Airlines |Industry or lifestyle trends | |Threats of Substitute Products or Services |Technology development and innovation Global influences | |threat of the Airbus |Information and research | |Lack of planning |New aircraft to gain market share | | |Increase demand for point to point routes | Strengths: 1- Workforces and planning: Boing has trimmed its workforce to the minimum and it has plans to further cut 7000 jobs and has completed family of planes from the small 737 to the world's largest carrier the 747 which allows it to serve any airline in any category. 2- Innovations: boing has innovated in many areas and has a very strong technological position it is well established. 3- Management system: It has improved its inventory management systems. 4- Leadership: It still has a leadership position in the industry. 5- Highly Skilled Manager The operation of the company will run smoothly.The performance of the company will improve and would lead the company to be successful. 6- Provide global customer support it would serve the customers better and it wo uld be very convenient to those customers in other countries to ask for help. This would help the company to gain a better image due to the provided services to help the customers. 7- Outsourcing: It can save time for the company to manufacture or assembly its products. 8- High quality of products: Emphasizing the product quality to ensure that the durability of the company is lasting for long period of time. 9- Provide Good services. . Weaknesses: 1. Loss: balance sheet and income statement point to some weaknesses.R spending of $1,661 million, around 8% of sales is rather low for this industry. Its long term debt is also increasing and its overall return on common equity is around 8. 9%, below the average industry rate which is 13. 1%. This, associated with its declining defense revenues, may restrict its access to additional capital in times of crisis. 2. Threats of Substitute Products or Services: for example people don’t use planes to travel they will use train and other way. 3. Competition of trains: Customers run away from aircraft to trains because of its services. Threats Implications: 1. Competitor: The competitor might overcome them and the threat is increasing the competitor’s market share. 2.Trade Barriers: They may encounter difficulties in the regulation regarding aircraft imposed by the country to which they export their products to. 3. Deregulation of Airlines: The regulation of the company for its customers would compromise in order to gain favor of the customers. 4. Threat of the Airbus because Airbus is the big competitor for Boeing Company. 5. Lack of planning. Opportunities: New aircraft to gain market share: with the impressive show of Airbus A380 recently, Boeing also plans to release its powerful weapon in the competition with Airbus. The new version Boeing 787 which inherits the most advanced technologies and advantages of the previous models is hoped to be a big hit to the airline industries.At the moment, Boeing has re ceived a number of orders for Boeing 787- Dream liner and this opportunity actually shows that Boeing still insists on its successful business strategy to build longer-range, more capable, smaller aircraft that could go point-to-point and therefore, serve city pairs directly rather than having to hook them up through a hub. The new 787 is the proof that Boeing does not lag behind the competition. THE STRATEGY: The problems that the company faced are: 1. Unwinnable competition, which is wasteful. 2. Design and engineering problem. 3. Poor cost control. The causes of problems are: 1. Poor engineering expertise. 2. Poor marketing research. 3. Using wrong strategies. Action planning: 1. Merge to companies 2. Get good engineer (work with university). 3. Get good marketers. 4. Do comprehensive. 5. Marketing research. 6. Restructure. 7. Use cooperative strategies. 8. Improve design and R. 9. Make the right aircraft. 10. Cost leadership.There are many problems that come from the using of wr ong strategies, poor engineering expertise and poor marketing research. The basic problems are unwinnable competition which is wasteful, design and engineering problem and poor cost control. Boeing Company uses poor engineering and poor design that actually will affect the nature of the working of company. Boeing Company is unwinnable competition because their competitors have high quality management and good services better than them so, customers prefer to deal with their competitors. It has also problem with marketing research. However, good marketing research can help company to know strength and weakness of their competitors and to know how to improve their works and to be able to face new technologies.Boeing Company has poor cost control that will lead to lose their money and the profit will be low. There are many actions that the company should follow to overcome any problems such as get good engineers who graduated from university and have high qualification and experience. Boeing Company has to restructure its strategies and use cooperative strategy. Also, if it merges with companies, get good marketers, do comprehensive, marketing research, improve design and R and make the right aircraft, it will achieve competitive advantage and maximize the profit. Alternative strategy: Cost leadership, it focuses in decreasing the cost and price.It is a good strategy for the company, if it follows this strategy, it will be more successful and it will reduce its economic costs. Also, this strategy will help company to develop and grow very fast. PEST ENVIRONMENT: Political, Economic and financial, Social, physical and natural, competitive, demographic, Technological forces (PEST) analysis is concerned with the environmental effects on a business. The term PEST stands for the Political, Economic and financial, Social, physical and natural, competitive, demographic, Technological issues that could affect the strategic development of a business. New I will explain th e forces that effect Boeing Company in Us: Politics, Legislation: Political forces refer to country's political system.The ability to support or disrupt business operations of domestic & international firms that mean Influence of politics & political interests. Also, Governmental topics, taxation issues, environmental controls and dependencies, subsidies and quotas regulations, employment and labor laws, consumer legislations and regulations, competition issues, health & safety concerns and issues. Economy, Business Environment: The economic environment refers to differences between countries economic systems in the country which the organization operates. Therefore, when we talk about condition of economic system I mean the economic growth, inflation and unemployment.As we know, the economic crisis affects all the businesses around the world. Boeing Company effected by this crisis so what happened in the economy will have a big effect on the company. Despite Boeing's 2008 revenue h as declined to 8. 25% and that because of the economic crisis. In particular, revenue in the Commercial Airline division fell by 15. 34%, as a strike by the International Association of Machinists in 2008 resulted in 104 fewer airplane deliveries than planned. Furthermore, net income fell 34% and contractual backlog expanded to a record level of $279 billion. Net income declined by 22. 1% over the first half of fiscal year 2009. Socio-Cultural and demographic forces:The social dimension or environment of a nation determines the value system of the society which affects the functioning of the business and Refer to way shared beliefs, values & attitudes affect employee & consumer behavior & management of foreign subsidiaries. And demographic forces refer to the characteristics of population, e. g. size, growth, spending power. Socio-Cultural has changed when the country get developed. The changing maybe in education, public opinion social mobility, and attitudes so the socio-culture c an affects the business: ? Population growth rate and age profile. ? Population health, education and social mobility, and attitudes toward those. ? Population employment patterns, job market freedom and attitudes to work. Press attitudes, public opinion, social attitudes and social taboos. ? Lifestyle choices and attitudes to those. Technology: Refers to technology-induced changes that have altered the way firms undertake & coordinate their international activities. Transportation and communication technologies – firms able to outsource R and back office processing. Technology is used in many of life fields. First, we use technology in the process of manufacturing and that through buying effective and modern machines and equipment. Second, we also use it in design techniques and in management of our company through using computers and other tools of technology.Third, technology provides us with some ways in marketing and advertising via TV, Internet and others tools. Technol ogy influences the company in terms of investment in technology, consistent application of technology and the effects of technology on markets. Emergent technologies have a big Impact on company. It can speed up the work in the company so it can apply all the orders. Also, the internet has its own impacts which are reducing communications costs and increasing remote working. (Reference: http://en. wikipedia. org/wiki/Boeing) Competitive forces: A competitive force refers to the pressures imposed by other firms in competing industries.Boeing company faced strong competitive from Airbus Company because these two company work in same field. These two companies compete in price, service and product. Physical and natural forces: Physical and natural forces refer to environmental pressures and risks that influence international business strategy. These forces divided to two types. First, natural risks arise from environmental disasters (e. g. earthquakes). Second, Manufactured risks are e nvironmental risks created by human intervention – pollution, threat to eco-systems, climate change, genetic modification, and terrorism. This factor can effect in Boeing company very clear. CONCLUSION: In conclusion, I am going to summarize the points that I have talked about in my report.First, background of Boeing Company which is a major aerospace and Defense Corporation, founded by William E. Boeing in Washington its international headquarters has been in Chicago since 2001 and its mission, vision and objectives. Second, I have analyzed their competitor which is Airbus and it is the biggest its competitor. Airbus is one of the world's leading aircraft manufacturers and it consistently captures approximately half or more of all orders for airliners with more than 100 seats. Third, I analyzed its internal and external environment factors which are referred to SWOT. Fourth, I have talked about the strategy which includes problems, causes and action plan of the company.Boein g Company has to restructure its strategies and use cooperative strategy instead. I recommend Boeing Company to merge with companies, get good marketers, do comprehensive, marketing research, improve design and R&D and make the right Aircraft; it will achieve competitive advantage and maximize the profit. Finally, I have talked about the term PEST which stands for the Political, Economic, Social, and Technological issues that could affect the strategic development of a business. RECOMMENDATION: In fact, Boeing Company is a popular company in the world, but there are several forces and challenge which face it and make it in a bad situation. So I explained them in my assignment.Therefore, I recommend this company to develop their abilities such as employee’s skills, investment, competitive advantage, consumer relationship management and advertising. In my opinions, I think Boeing Company can develop their employee’s skills through training. Also, I should invest in rich countries which pay more money to increase the profitability to company. A good idea to the company creating new and develop aircraft to unique it from other companies. Finally, I think if Boeing Company does good advertising that enough for it to monopoly aircraft manufactured over the world. REFERENCES: http://www. boeing. com/companyoffices/aboutus/brief. html http://manonamission. blogspot. com/2005/08/boeings-ba-mission-statement. html : http://www. boeing. com/news/speeches/1998/980121. htm http://www. boeing. om/companyoffices/aboutus/community/focus_objectives. html – http://www. soe. ucsc. edu/classes/ism158/Winter03/boeing. htm – http://en. wikipedia. org/wiki/Airbus http://www. writework. com/essay/boeing-s-strength-weakness-threats-oppotunities-and-its-im : http://www. soe. ucsc. edu/classes/ism158/Winter03/boeing. htm http://en. wikipedia. org/wiki/Airbus http://www. companiesandmarkets. com/Summary-Company-Profile/boeing-company,-the-swot-analysis-145568. asp http://www. wikinvest. com/stock/Boeing_Company_(BA)) http://en. wikipedia. org/wiki/Boeing Books: (Principles of Marketing) Thirteenth Edition, Philip Kotler and Gary Armstrong. Books: (Management 9e ) John R. Schermerhorn, JR.

Teampaper

Reduces the â€Å"alternatives space† but how can Positioning help to reduce degrees of freedom in design even further? Try this, what if we want to introduce a toilet paper under the slogan â€Å"My first toilet paper† – once again aimed at young children. Does that create more clarity? Does it immediately pop more specific design elements into your mind? What about price sensitivity for a product like that? Wicked parent's be price sensitive if your product is perceived to make the toilet training experience even a little less of an ordeal?What distribution channels would you use? Wicked they necessarily be the â€Å"normal† one's for toilet paper? Can you see the advertising you would do? What about cross-promotions with â€Å"pull-up† diapers – will that make sense? Obviously there is a cost – to find a tight homogeneous target group we have to fine tune our segmentation and accept the smaller numbers this implies. However, targeti ng a wider group of customers does not guaranty larger sales or profit!This is where the idea of average products comes in. Averages, instead of appealing to everyone, usually end up appealing to no one! They invite competitive entry that targets one sub-segment of the large target group you went after thus tearing away one piece of your sales at a time. Long-term this is a losing proposition unless high barriers to entry can be erected. Even then, averages tend to be a source of dissatisfaction with your product or service.