Starbucks and Analysis of International Market Accessing

International Market Selection – Starbucks goes global International Strategic Marketing Conducted by Che Thanh Quang L0228NDND0211 Date 2 – Jan - 2013 1. Introduction 2. rESEARCH AND AND ARCKNOWLEDGE FOR sTARBUCKS IN THE iNTERATIONAL MARKETS Internal factors in Foreign market selection * Personnel * Management * Customers * Capital requirements * Time and research external factors in foreign market selection * Market potential * Political environment * Legal environment * Economic and culture environment 3. Conclusion 4. REFERENCES 1. Introduction Everyday, people in the world go to Starbucks’s coffee shop to take their cup of coffee.†¦show more content†¦* Capital requirements The start up capital requirement of accessing a foreign market is another impact to be considered for organisation (Alon, 2004). Eventhough, as we all known, Starbucks is a giant in coffee industry, it does not mean they can handle all the problem of capital in any country. The initial outlay of international orientation could be too high, even if the potential for potential profit is great. * Time and research In any field of life, time is invaluable impact and it is more important in the business environment. The decision of accessing an market in the specific time can bring the advantage compare to the competitors. Moreover, research is affecting to time, when organisation need to get knowledge and get planned preparation to enter it. In this case, Starbucks managers are usually under pressure to give decision on time, which seems to be easy to trade in, it may be selected and provide high risk to organisation. * Customers One of the base impacts may influence the whole organisation completely is customers and their demands. The domestic customers are main factor to the stabilisation of company. In case the organisation move on to new market, they could be affected by various reasons and it could lead to another conflictShow MoreRelatedCompetitive Strategic Approaches used by Starbuck Essay1151 Words   |  5 PagesStarbucks Case Each company has what sets it apart from other companies in the same industry. This ideology excludes not Starbuck. Starbuck has a history and right from its inception, the founders wanted something that would offer fine coffee to the society that settled in Seattle. This has all along been the case. To accentuate this phenomenon, there was a time Howard Schultz had to travel to Italy to explore more of the Italian coffee tastes offered in Italy coffee bars and come back to customizeRead MoreAssign 12853 Words   |  12 PagesCarlos Monsanto Assignment No. 1 CS 782 1) Business Model Starbucks Corporation, an American company founded in 1971 in Seattle, WA, is a premier roaster, marketer and retailer of specialty coffee around world. Starbucks has about 182,000 employees across 19,767 company operated amp; licensed stores in 62 countries. Their product mix includes roasted and handcrafted highquality/ premium priced coffees, tea, a variety of fresh food items and other beverages. They also sell a variety ofRead MoreStarbucks Case Study9019 Words   |  37 PagesSTARBUCKS Case Study Alex Cochran May 2003 Starbucks – A Case Study. Table of Contents Alex Cochran 2003 Executive Summary..................................................................................................................................3 Market Segmentation ...............................................................................................................................4 Methods of Segmentation............................................................Read Moreâ€Å"Starbucks and Others: the Future of Public Wi-Fi†5373 Words   |  22 PagesCHRIST UNIVERSITY OF MANAGEMENT INSTITUTE â€Å"STARBUCKS AND OTHERS: THE FUTURE OF PUBLIC Wi-Fi† CASE STUDY ANALYSIS SUMMARY: Wi-Fi usage has been on the upswing recently, thanks to the rise of smartphones, especially the iPhone. Whether it is airports or cafes, people are increasingly logging onto Wi-Fi networks.The case talks about free Wi-Fi in various areas of businesses like restaurants, airports etc to attract crowd and to increase their business. It talks about transition from Wi-Fi – for moneyRead MoreCoffee Industry Analysis2313 Words   |  10 Pages1-Italian Gourmet Market 2-Starbucks 3-Port City Java 4-Dunkin Donuts 1. The Coffee Shop Industry Analysis: Threat of New Entrants: The coffee industry is one of the world’s largest commodities, produced in over 70 countries and employing nearly 20 million people. The United States accounts for approximately 20,000 coffee shop businesses with revenues totaling $10 billion in 2011 and on an upward trend, according to the Small Business Development Center (SBDC). Industry analysis, conducted inRead MoreKrispy Kreme : The Mission Statement2731 Words   |  11 Pagesasked about the donuts. Krispy Kreme also has a fundraising area that helped benefit many organizations. The famous Hot Donut Now helped bringing in consumers. Later on in the years, the company brought in coffee and new applications. SWOT ANALYSIS The SWOT analysis to follow is intended to outline Krispy Kreme’s internal strengths and weaknesses in their operations and marketing strategy, while also examining external opportunities and threats for the future of the organization. STRENGTHS Krispy KremeRead MoreStarbucks Annual Report 200846643 Words   |  187 PagesStarbucks Corporation Fiscal 2008 Annual Report Fiscal 2008 Financial Highlights Stores Open at Fiscal Year End (COMPANY-OPERATED AND LICENSED STORES) Net Revenues (IN BILLIONS) Net Revenue Growth (PERCENTAGES) from Previous Year 16,680 $9.4 $7.8 $6.4 $5.3 $4.1 24% 30% 20% 22% 21% $10.4 10% International United States 15,011 12,440 10,241 8,569 7,225 2003 2004 2005 2006 2007 2008 2003 2004 2005 2006 2007 2008 Components of 2008 RevenueRead MoreCafe Coffee Day10456 Words   |  42 PagesCoffee Day and Starbucks. In India CAFÉ COFFEE DAY and BARISTA are the most popular and well-known cafà ©s. The college crowd rates them as one of the coolest hangouts. These companies sell similar product but their positioning and target audience are very different from each other. These players not only sell coffee and tea but also food and other merchandise items. Despite of serving to different audience, these players compete with themselves. Each player fights for its own share of market. They tryRead MoreCarrolls pyramid of Corporate social responsibility: A review and modification1943 Words   |  8 Pagesresponsibility is desired but may not be necessarily performed and hence is separate from other responsibilities. (Carroll and Buchholtz, 2006:22-42)Descriptive accuracyThere have been four surveys conducted on Carrolls pyramid from 1985 to 2000. Statistical analysis has shown that the relative importance assigned to each responsibility in the pyramid reflects the empirical importance of the four categories. It also confirms that the four responsibilities are empirically interrelated but mutually exclusive. 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Essay on The Great Encounter of China and the West

The Great Encounter of China and the West When the Chinese and Europeans first came into contact with each other, there was a mutual fascination for the others culture, or way of life. The Chinese began to look at the European culture. They became interested in Western thinking. They were also beginning to look at the religion that the European missionaries were preaching about, Christianity. On the other end, the Europeans who came in contact with the Chinese were fascinated by their culture and their philosophy, mainly the philosophy of Confucius. While the two cultures seemed to be a good match, each respecting and admiring the other, it came to an abrupt halt. The end result was China and Europe both rejecting the other culture.†¦show more content†¦They thought the many towers, and the crosses on the outside of the church buildings violated the harmony and were detrimental to the Chinese who worked and lived nearby. The Chinese began to fear that their women would be seduced by the Europeans. There were cases of seduction, but they were few and far between. Churches in China usually had two chapels, one for men and one for women. If a church had only one chapel, then men and women had to worship at different times. Men and women were not allowed to be in the chapel at the same time. The only exception to this rule was the relationship the women had with their priests. The women had to confess to a male while in the church. The Chinese did not approve of this, and often felt as though the Priests might be fondling their women. A final reason that the Chinese began to reject the Europeans and their culture was because the Chinese believed that the missionaries were practicing some form of alchemy. Daoism used alchemy for two different goals: to make silver, and to produce immortality through an elixir. The missionaries preached of spiritual immortality, and the Chinese immediately associated that with the Daoism immortality. Daoism was more concerned with the immortality of the body rather than the spirit and soul. The Chinese had many reasons to fear and ultimately reject the Westerners. The first anti-Christian movement was in 1616-1621 in Nanjing. This revolt was started by ShenShow MoreRelatedMungello, the Great Encounter or China and the West1945 Words   |  8 PagesThe Great Encounter of China and the West 1500-1800 The Chinese and European cultures came together for the first time in the fifteenth century when great Chinese fleets traveled throughout the Indian Ocean and along the coast of Africa. These voyages created much concern for China. They lead to a period of isolation for security reasons. By the time the first Europeans arrived in China there was little to no evidence of these voyages. (Mungello 2005) Fallowing that time the Chinese governmentRead MoreCultural Syncretism1599 Words   |  7 Pagesdifferent cultures combine their ancient beliefs of the past to create new traditions and/or beliefs. There are several cultural factors that influenced both Africa and the Americas such as weaponry, technological advancements, medical and religious. China and India’s values were quite different when it came to cultural beliefs. They would isolate themselves from outside traditions, which made them more resistant to syncretism. Cultural Syncretism Syncretism is the process by which cultures are mergedRead MoreChina And The Western Struggle1139 Words   |  5 Pages China and the Western Struggle China, the creator of tea and silk went through a period where they had troubles with the west. This took place in the early nineteenth century. During this time china still thinks that they are the middle Kingdom (The center of the world). Great Britain has wanted to expand for years and get trade from other countries. China has not wanted to trade with Britain. China has not wanted to trade because of they are self sufficiece. China has been living by ConfucianRead MoreThe Silk Road And Its Effect On Every Aspect Of People s Lives1615 Words   |  7 Pages) and declining in the late 14th century B.C. . Its origin dates back to the Han Dynasty where the Silk Road was used to reach out to surrounding cities and empires to develop alliances for trade. The original purpose for The Silk Road was to link China to Europe through trade and for political reasons, but later on merchants discovered that the route provided safer travel for carrying merchandise from place to place. Not long af ter merchants and nomads began trading, did cultural diffusion and culturalRead MoreCompare and Contrast the Russian and Chinese Revolutions Essay example778 Words   |  4 PagesThese both experienced encounters with foreign influences and connections. The ways of the both were oddly different due to one wanting the end of interactions with the West and China who actually wanted to adopt more to their ways of the West. The Russian revolution was essentially led with two different revolutions, the February and the October Revolution. The Chinese was experiencing many revolts throughout the revolution. In the effort for the 1911 revolution of China was the intention of aRead MoreWestern Influence in China and Japan Essay1649 Words   |  7 PagesChina and Japan are two unique civilizations that went through similar, yet vastly different changes throughout their histories. Their growth and response to other nations differed in many ways in government, lifestyle, and general well-b eing. One of the main causes for such difference between the countries is the way the West influenced each region, and the way China and Japan responded to this influence. China focused more on the idea of being a status oriented society, while Japan was moreRead MoreEvaluate the Evolving Balance of Economic Power Shift form the West to the East1018 Words   |  5 PagesEvolving Balance of Economic Power Shift form the West to the East During the last two decades there has been a visible shift in economic power, China and India are the main actors in what many analysts predict the rise of the east and the downfall of the west. China and India at a first glance look to have taken the same path, both with a steady and positive GDP curve. The free trade agreements and cheap work force make from China and India a great alternative to US, many companies moved theirRead MoreAncient And Medieval World Of Eurasia1678 Words   |  7 Pagesland and sea trade routes, began a cultural exchange between the east and west through the diffusion of goods, technology, medicine, and religion. The two most vital networks of trade in the ancient and medieval world of Eurasia were the Spice Routes and the Silk Road. The Spice routes were a network of sea routes running from the Greco-Roman world, through North Africa, to the subcontinent of India, and eventually to China and Southeast Asia. The commerce of this maritime route was defined by theRead MoreBecoming American: the Chinese Experience929 Words   |  4 Pageshistory of the Chinese in the United States. 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Being one of the Four Great Classical Novels of Chinese literature, Journey to the West has been successfully adapted into various forms of media and is

A Comparison of Shakespeares Sonnets 116 and 130

Comparison of Shakespeares Sonnets 116 and 130 Shakespeare examines love in two different ways in Sonnets 116 and 130. In the first, love is treated in its most ideal form as an uncompromising force (indeed, as the greatest force in the universe); in the latter sonnet, Shakespeare treats love from a more practical aspect: it is viewed simply and realistically without ornament. Yet both sonnets are justifiable in and of themselves, for neither misrepresents love or speaks of it slightingly. Indeed, Shakespeare illustrates two qualities of love in the two sonnets: its potential and its objectivity. This paper will compare and contrast the two sonnets by Shakespeare and show how they represent two different attitudes to love. In Sonnet 116, Shakespeare defines love by way of truth. He begins not by launching into a discourse on the nature of love but on the nature of marriage, which, he implies, is built on commitment and truth: Let me not to the marriage of true minds / Admit impediments. If two people are honest and truthful then they will have understood just what is expected of them in their marriage vows therefore, the poet sees no reason to object. Love follows on truth, he seems to say. In fact, this must be so for the same principle applies in Sonnet 130. After an entire sonnet of lines in which the poet denigrates his mistress, he still finally refers to her as is his love despite it all, simply because she is unique in and of herself and the other half ofShow MoreRelatedWilliam Shakespeare s Poetry Of Love1612 Words   |  7 Pagesthe poetic theme of love. This seminar will analyze and explore two of Shakespeare’s poems focusing on the particular theme of love. Shakespeare deals with deep and enduring love, as he applies his past experiences to his poems. Shakespeare’s poems Sonnet 116 and Sonnet 130 are based around the romantic pursuits of his life, and they have similar context but deliver different meanings of what true love is. Throughout Shakespeare’s various relationships and career pathways he was able to find a deepRead MoreThe Beauty Of Love In Shakespeares Sonnet 1161112 Words   |  5 PagesTwo of the most famous sonnets in its entire sequence of its time and modern day, are â€Å"Sonnet 130† and â€Å"Sonnet 116†. Both poems, written by William Shakespeare, revolve around the theme of love. â€Å"Sonnet 130†, compares the imperfect physical attributes of the speaker’s mistress in essence of his extraordinary love for her. â€Å"Sonnet 116†, expresses the speaker’s idea of infinite and genuine love through defining what love is and is not. Throughout both compositions, William Shakespeare communicatesRead MoreWilliam Shakespeare s The Elizabethan Era3177 Words   |  13 Pagesor her life properly without loving someone and being loved in return. Shakespeare’s worldview and the society he resided in become illuminated throughout his work, espec ially in his sonnets. His work reflects the importance of love and friendship as well as his disagreement with time and the Elizabethan Era’s views. William Shakespeare lived his life and wrote his works during the Elizabethan Era. His writing in his sonnets often differed with the Elizabethan worldview. For example, the ElizabethanRead MoreWilliam Shakespeare s Hometown Of The English Language And The World s Best Dramatist1266 Words   |  6 Pagestroublesome and tragic mischance. We do not know to what degree Shakespeare s personal experiences are reflected in his sonnets; nor do we know if the characters described in these poems are based on specific individuals or are solely the product of Shakespeare s observation, imagination, and understanding of the human heart. Love was mentioned many times in Shakespeare s sonnets such as The Fair Young Man and dark lady . These types of poems are intensely personal and address the deeperRead MoreEssay on Amer. Lit2033 Words   |  9 PagesPossible Essay Questions: 1. Consider the imagery used in Shakespeare’s assigned sonnets, Herrick’s â€Å"To the Virgins,† and Marvell’s â€Å"To His Coy Mistress.† Although their images differ, what do all these poets seem to be saying about time? Be specific when referring to the poems. The imagery is very different, but all of the poems and poets seem to be saying time is important in life. In Shakespeare’s Sonnet 18 he says, â€Å"And every fair from fair sometime declines,† when explaining the inevitableRead MoreTime and the Influence of Society Can Thwart the Path of True Romance2056 Words   |  8 Pagessome form or stage in their existence. For many this companionship is seen to be true love or ones perception of what true love is. Time often plays a vital role in the success of relationships. Using Jane Austens Pride and Prejudice, Shakespeares sonnets and John Greens The Fault in Our Stars, I am going to show how the concept of time and the influence of society can sometimes thwart the path of true romance. In Jane Austens novel Pride and Prejudice during Darcys declaration of loveRead More A Comparison of Romantic Love in Shakespeares Sonnets As You Like It2069 Words   |  9 PagesShakespeares Sonnets Romantic Love in As You Like It      Ã‚  Ã‚   Shakespeares comedy As You Like It is clearly a pastoral comedy with a country setting, a theme revolving around love and a story which consists of a series of accidental meetings between characters and a resolution involving transformations of characters and divine intervention.   The comedy involves the traditional literary device of moving urban characters into the country where they have to deal with life in a different mannerRead MoreHow do the poets compare the theme of Love?3322 Words   |  14 PagesHow do the poets compare the theme of Love? In the poems â€Å"Sonnet 116† and â€Å"Sonnet 130† written by William Shakespeare, â€Å"La Belle Dams sans Merci: A Ballad† by John Keats, â€Å"My Last Duchess† by Robert Browning, â€Å"A Mother in a Refugee Camp† written by Chinua Achebe and â€Å"Valentine by Carol Ann Duffy, all have one main feature in common, they are about love. Albeit these poems are about love, they were written in different time periods, ranging from 1609 to 1993. I have decided to analyse these poemRead MoreStudy Guide Literary Terms7657 Words   |  31 Pageshe waged war on Cyrus he would destroy a great empire, Croesus thought the oracle meant his enemys empire. In fact, the empire Croesus destroyed by going to war was his own 6. analogy- A comparison of two different things that are alike in some way (see metaphor and simile). Analogy is the comparison of two pairs which have the same relationship. The key is to ascertain the relationship between the first so you can choose the correct second pair. Part to whole, opposites, results of are types

An Evaluation of Library Databases and Resources for Use...

An Evaluation of Library Databases and Resources for use in Research Assign4 Page 2 References BOOK CITATION Tsang, Philip, Kwan, Reggie; Fox, Roger (2006). Faculty Perceptions of ICT Benefits. Enhancing learning thru technology (pp. 1-10). Retrieved from http://site.ebrary.com/lib DATABASE: (NCU Library) - Ebrary KEYWORDS: Educational Technology, Internet in Education, E-Learning SEARCH LIMITERS: Education SKILLS IN THIS DATABSE: This is the first time searching using this database. I encountered many problems, even though I did view the NCU library tutorial. With perseverance I was finally able to navigate through the database. I need much more experience with†¦show more content†¦162-166. Retrieved from http://search.proquest.com.proxy1. ncu.edu/ advanced?accountid=28180 DATABASE: ProQuest KEYWORDS: Distance Education, Distance Learning in Developing Countries, Distance Learning in Africa SEARCH LIMITERS: peer-reviewed, journal article SKILLS IN THIS DATABASE: I was pleased to notice that my e-searching library skills were improving rather fast. I began to notice that the level of frustration I had up to this point was fading. At this point I am able to perform basic searches with a considerable amount of success. Assign4 Page 4 PEER-REVIEWED JOURNAL ARTICLE #3 CITATION Butcher, N., Latchem, C., Marwoyo, M., Levey, L. (2011). Distance education for empowerment and development in Africa. Distance Education 32. 2. 149-158. Retrieved from http://search.proquest.com.proxy1.ncu.edu/advanced?accountid=28180 DATABASE: (NCU Library) - ProQuest KEYWORDS: distance education in developing countries, distance education in Africa, educational technology SEARCH LIMITERS: Peer-review, journal article SKILLS IN THIS DATABASE: My skills had improved as I began searching for the third peer-reviewed journal. My knowledge of the database search jargon and my understanding of its application to the search process allowed me to navigate through the database with much less frustration this time around. Assign4 Page 5 General Remarks The Ebrary database was very useful because it is designed forShow MoreRelatedEffects Of Diabetes Education Programs On Reducing The A1c Of Patients With Type 2 Diabetes Mellitus1025 Words   |  5 Pagesfour primary health care resources, CINAHL Plus, Cochrane Library, MEDLINE, and Health Source databases. Results yelled peer- reviewed articles that pertain to research surrounding diabetes education programs in reducing the A1C in patients with type 2 diabetes mellitus. Each article was evaluated based on its applicability to the research question on this paper. The pattern used in selecting the articles included for evaluation can be found in the Appendix 1. The research strategies included keyRead MoreNurs 439 Week 3 Research Database Assignment Essay1639 Words   |  7 PagesNURS 439 WEEK 3 RESEARCH DATABASE ASSIGNMENT To purchase this visit here: http://www.activitymode.com/product/nurs-439-week-3-research-database-assignment/ Contact us at: SUPPORT@ACTIVITYMODE.COM NURS 439 WEEK 3 RESEARCH DATABASE ASSIGNMENT Guidelines and Grading Rubric Purpose You are to locate and document research databases that relate to a significant clinical nursing issue of your choice. The research databases may be labeled as such, or may be collections of research studies, reportsRead MoreEssay on Comparing Scholarly Articles and Internet Resources1279 Words   |  6 PagesComparing Scholarly Articles and Internet Resources Advances in technology, computer systems and internet enabled nursing professionals to access medical and nursing databases and health information for practice, education and research. The quantity of information available is so extensive that it is almost impossible to keep abreast of them. There are several kinds of articles available in computer databases, scholarly journals and published from various government and private organizations.Read MoreLiteracy Is The Most Important Skill We Teach1286 Words   |  6 Pages principals are trading media coordinator positions at an alarming rate as evidenced by the more than 30 schools which no longer offer this position. Therefore, I am proposing professional development for media coordinators which would align the research skills we already teach with district literacy initiatives. Not only should programs be aligned to technology and curricular standards, we need to not miss this critical opportunity to align with literacy. Students need opportunities both in andRead MoreTitle II Request For Funding1322 Words   |  6 PagesTitle II Request for Funding a) Decide on a program/initiative that you think would be worthy of the team creating. Describe the program/initiative. Aligning Research with Literacy Initiatives While Advocating for the Role of Media Coordinator According to CMS Superintendent Ann Clark regarding literacy as our North Star, it â€Å"is the most important skill we teach. Literacy is the foundation for academic success from pre-kindergarten through high school.† Literacy is key to achieving academic successRead MoreCreating An Effective Search Strategy1494 Words   |  6 Pagesstrategy we are going to cover formulating an effective research question, virtual reference collections, finding sources, Google search , website evaluation, and plagiarism. Once we have discussed our plan for completing this search strategy the next step would be to formulate their research question. Formulating an effective research question will help the student find the exact kind of sources they need faster and with ease. If a students research question is vague then they will most likely findRead MoreI Chose To Evaluate Macodrum Library’S History Of Sexuality1398 Words   |  6 PagesHistory of Sexuality research guide for my digital humanities project is. MacOdrum’s primary purpose appears to be to help serve the students of Carleton University in Ottawa, Ontario, Canada with their research. I have decided to focus my evaluation on â€Å"Finding and Using Primary Sources† tab and the â€Å"Websites† tab, because I find them the most interesting and also the most useful sections for everyday people who might visit. The overall design of the website is fairly simple to use. There are severalRead MoreComputerized Library System5320 Words   |  22 Pagesto globalize the process of research is to realize that technology is advancing at an incredibly fast pace. Computers are not confined to being used for entertainment but its role in education is also vast. Library is derived from the old French term â€Å"librairie† which means â€Å"a collection of books.† Reading materials in school are stored in libraries. Library is a place in which books and related materials are kept for use but not for sale. It is also organized for use and maintained by a public bodyRead MoreIs Cranberry Juice Effective for Preventing and Treating Urinary Track Infection?1610 Words   |  7 Pagesmethod to use critically appraised and scientifically proven evidence for delivering healthcare. EBP equips nurses to make clinical decisions based upon evidence, combined with clinical experience and patient expectations (Adams Cullen, 2011). However, sufficient literature searching knowledge is essential to retrieve current, relevant and accurate evidence. Thus, the databases utilised for this search was the Cumulative Index to Nursing Allied Health (CINAHL), MEDLINE and Cochrane Library, due toRead MoreProposal : Centralized Learning Network916 Wor ds   |  4 PagesCentralized Learning Network (CLN) Briargrove is a property management organization, which owns 500 commercial and residential properties in foreign and domestic markets. Torres Technology Adapters developed a project-planning proposal to migrate databases currently used by Briargrove and expand its educational hub by establishing a centralized learning network. Briargrove employs more than two thousand who are either, full-time, part-time, or contract employees. This organization seeks to establish

Anchoring Matter for Fresher Party Free Essays

string(35) " run specialised indigenous banks\." Meaning of Bank It is generally said that the word â€Å"BANK† has been originated in Italy. In the middle of 12th century there was a great financial crisis in Italy due to war. To meet the war expenses, the government of that period imposed a forced subscribed loan on citizens of the country at the interest of 5% per annum. We will write a custom essay sample on Anchoring Matter for Fresher Party or any similar topic only for you Order Now Such loans were known as Compara, Mintuo etc. The most common name was Monte. In Germany the word Monte was named as Bank or Banke. According to some writers, the word Bank has been derived from the word Banke. It is also said that the word Bank has been derived from the word Banco which means a banch. The Jews money lenders in Italy used to transact their business sitting on banches at different market places. When any of them used to feel to meet his obligations, his banco or banch would be broken by the angry creditors. The word Bankrupt seems to be originated from broken banco. Since, the banking system has been originated from money lending business, it is rightly argued that the word Bank has been originated from the world banco. Today the word bank is used as a comprehensive term for a number institutions carrying on certain kinds of financial business. In practice, the work Bank means which borrows money from one class of people and again lends money to another class of people for interest or profit. Definition of a Bank Oxford Dictionary defines a bank as â€Å"an establishment for custody of money, which it pays out on customer’s order. † Definition of banking In general terms, the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit. Read more: http://www. investorwords. com/5413/banking. html#ixzz27ewFzo5g Characteristics / Features of a Bank v 1. Dealing in Money Bank is a financial institution which deals with other people’s money i. e. money given by depositors. 2. Individual / Firm / Company A bank may be a person, firm or a company. A banking company means a company which is in the business of banking. 3. Acceptance of Deposit A bank accepts money from the people in the form of deposits which are usually repayable on demand or after the expiry of a fixed period. It gives safety to the deposits of its customers. It also acts as a custodian of funds of its customers. 4. Giving Advances A bank lends out money in the form of loans to those who require it for different purposes. . Payment and Withdrawal A bank provides easy payment and withdrawal facility to its customers in the form of cheques and drafts, It also brings bank money in circulation. This money is in the form of cheques, drafts, etc. 6. Agency and Utility Services A bank provides various banking facilities to its customers. They include general utility services and agency services. 7. Profit and Service Orientation A bank is a profit seeking institution having service oriented approach. 8. Ever increasing Functions Banking is an evolutionary concept. There is continuous expansion and diversification as regards he functions, services and activities of a bank. 9. Connecting Link A bank acts as a connecting link between borrowers and lenders of money. Banks collect money from those who have surplus money and give the same to those who are in need of money. 10. Banking Business A bank’s main activity should be to do business of banking which should not be subsidiary to any other business. 11. Name Identity A bank should always add the word â€Å"bank† to its name to enable people to know that it is a bank and that it is dealing in money. Type 1. Saving Banks Saving banks are established to create saving habit among the people. These banks are helpful for salaried people and low income groups. The deposits collected from customers are invested in bonds, securities, etc. At present most of the commercial banks carry the functions of savings banks. Postal department also performs the functions of saving bank. Type 2. Commercial Banks Commercial banks are established with an objective to help businessmen. These banks collect money from general public and give short-term loans to businessmen by way of cash credits, overdrafts, etc. Commercial banks provide various services like collecting cheques, bill of xchange, remittance money from one place to another place. In India, commercial banks are established under Companies Act, 1956. In 1969, 14 commercial banks were nationalised by Government of India. The policies regarding deposits, loans, rate of interest, etc. of these banks are controlled by the Central Bank. Type 3. Industrial Banks / Development Banks Industrial / Development banks collect cash by issuing shares debentures and providing long-term loans to industries. The main objective of these banks is to provide long-term loans for expansion and modernisation of industries. In India such banks are established on a large scale after independence. They are Industrial Finance Corporation of India (IFCI), Industrial Credit and Investment Corporation of India (ICICI) and Industrial Development Bank of India (IDBI). Type 4. Land Mortgage / Land Development Banks Land Mortgage or Land Development banks are also known as Agricultural Banks because these are formed to finance agricultural sector. They also help in land development. In India, Government has come forward to assist these banks. The Government has guaranteed the debentures issued by such banks. There is a great risk involved in the financing of agriculture and generally commercial banks do not take much interest in financing agricultural sector. Type 5. Indigenous Banks Indigenous banks means Money Lenders and Sahukars. They collect deposits from general public and grant loans to the needy persons out of their own funds as well as from deposits. These indigenous banks are popular in villages and small towns. They perform combined functions of trading and banking activities. Certain well-known indian communities like Marwaries and Multani even today run specialised indigenous banks. You read "Anchoring Matter for Fresher Party" in category "Essay examples" Type 6. Central / Federal / National Bank Every country of the world has a central bank. In India, Reserve Bank of India, in U. S. A, Federal Reserve and in U. K, Bank of England. These central banks are the bankers of the other banks. They provide specialised functions i. e. issue of paper currency, working as bankers of government, supervising and controlling foreign exchange. A central bank is a non-profit making institution. It does not deal with the public but it deals with other banks. The principal responsibility of Central Bank is thorough control on currency of a country. Type 7. Co-operative Banks In India, Co-operative banks are registered under the Co-operative Societies Act, 1912. They generally give credit facilities to small farmers, salaried employees, small-scale industries, etc. Co-operative Banks are available in rural as well as in urban areas. The functions of these banks are just similar to commercial banks. Type 8. Exchange Banks Hong Kong Bank, Bank of Tokyo, Bank of America are the examples of Foreign Banks working in India. These banks are mainly concerned with financing foreign trade. Following are the various functions of Exchange Banks :- . Remitting money from one country to another country, 2. Discounting of foreign bills, 3. Buying and Selling Gold and Silver, and 4. Helping Import and Export Trade. Type 9. Consumers Banks Consumers bank is a new addition to the existing type of banks. Such banks are usually found only in advanced countries like U. S. A. and Germany. The main objective of this bank is to give loans to consumers for purc hase of the durables like Motor car, television set, washing machine, furniture, etc. The consumers have to repay the loans in easy installments. Definition of ‘Central Bank’ The entity responsible for overseeing the monetary system for a nation (or group of nations). Central banks have a wide range of responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation and full employment. Central banks also generally issue currency, function as the bank of the government, regulate the credit system, oversee commercial banks, manage exchange reserves and act as a lender of last resort. Investopedia explains ‘Central Bank’ The central banking system in the U. S. is known as the Federal Reserve System commonly known as â€Å"the Fed†), which is composed of 12 regional Federal Reserve Banks located in major cities throughout the country. The main tasks of the Federal Reserve are to supervise and regulate banks, implement monetary policy by buying and selling U. S. Treasury bonds and steer interest rates. Ben Bernanke currently serves as the chairman of the Board of Governors of the Fe deral Reserve. FUNCTIONS OF CENTRAL BANK M. H. Do-Kock has explained the following seven functions of a central bank in his book â€Å"Central Banking† which economists have generally accepted. 1. Monopoly of note-issue. 2. Banker, agent and adviser to the government. 3. Custodian of cash reserves of commercial banks. 4. Custodian of nation’s reserves of international currencies. 5. Lender of the last resort 6. Clearing house function 7. Credit control Besides the aforesaid seven functions there are some other functions also, namely: (i) Collection of data. (ii) Role of central bank in developing countries. (iii) Central bank and industrial and agricultural development. (iv) International financial institutions. 1. Monopoly of Note-Issue: Note-issue primarily is the main function of a central bank in every country. These days, in all the countries where there is a central bank generally it has got the monopoly or the sole right of note-issue. In the beginning this was not the function of Central Bank but gradually all the central banks have acquired this function. First of all, Central Bank of England got the right of note-issue in the year 1844. In actual practice, upto the beginning of twentieth century, generally central banks were recognized as the banks of note-issue. In India, R. B. I. , the central bank of India has got the right of note-issue. 2. Banker, Agent Adviser to the Government: As banker to the government, central bank provides all those services and facilities to the government which public gets from the ordinary banks. It operates the accounts of the public enterprises. It manages government departmental undertakings and government funds and when there is a need gives loans to the government. It looks after the management of public debt. It accepts the payment of taxes from the public on behalf of the government and makes payment for the cheques issued by the government. It also undertakes transactions relating to foreign currencies on behalf of the government. 3. Custodian of Cash Reserves of Commercial Bank: Central bank is the bank of banks. This signifies that it has the same relationship with the commercial banks in the country which they have with their customers. It provides security to their cash reserves, gives them loan at the times of need, gives them advice on financial and economic matters and works as clearing house among various member banks. A definite percentage of deposits of commercial banks are kept as reserve with the central bank. This leads to centralisation of cash reserve and facilitates working of credit control. These funds re of great significance during the time of emergency. 4. Custodian of Nation’s Reserves of International Currencies: Central bank is the custodian of the foreign currency obtained from various countries. This has become an important function of central bank, these days, because with its help it can stabilize the external value of the currency. This function has become highly important afte r the World Depression of 1929 and the establishment of the International Monetary Fund. 5. Lender of the Last Resort: Central bank works as lender of the last resort for commercial banks because in the times of need t provides them financial assistance and accommodation. Whenever a commercial bank faces financial crisis, central bank as lender of the last resort comes to its rescue by advancing loans and the bank is saved from being failed. Central bank helps commercial banks by discounting their bills and securities. 6. Clearing House Function: All the commercial banks have their accounts with the central bank. Therefore, central bank settles the mutual transactions of banks and thus saves all banks contacting each other individually for setting their individual transactions, in this way; the unnecessary cash ransactions between individual banks are avoided. 7. Credit Control: This is a very important function. These days, the most important function of central bank is to control the volume of credit for bringing about stability in the general price level and accomplishing various other socio-economic objectives. There are number of methods which a central bank may use for controlling the volume of credit such as bank rate, open market operations, change in reserve ratio and various selective controls. These methods have been discussed in detail in the next question. How to cite Anchoring Matter for Fresher Party, Essay examples

Does Racism Still Exist Today Essay Example For Students

Does Racism Still Exist Today Essay There is an underlying problem that is promoting racism. It is the fact that alot of people believe, and try to make themselves believe, that racism no longerexists. Many people today live their lives oblivious to what is happening in theworld around them, often trying to convince themselves that racism is not aproblem in their world. Others know all about the problem, but dont reallyrealize that they themselves could possibly be adding to the problem bydiscriminating against someone elses human rights, and at the same time goingaround saying how open-minded they are. One of the main problems of racism isthat many people live in racist conditions, without even seeing it. Oftentimesits in their school, workplace, community, or even in their own homes. Peopleoften tell jokes with racist slurs, and while we know not to laugh at ones aboutblacks, it seems that ones about other races like Chinese and Hispanic are okay. We tell ourselves that they are just jokes, but not to those who they areridiculing. We are all perpetrators of this and we usually feel that these typesof jokes are harmless. They can be harmless and maybe at times we even thinkthey are funny, but they are also hurtful and degrading. Some of the biggestracists are those who dont even know that they are, and even say that theyarent. These people are racist because they cannot comprehend what ishappening and do not realize what they are saying is racist. Until they come togrips with this problem, in their minds there is no problem. They say that theyare not racist, even when they dont hire the East Indian employee who was themost qualified of the candidates, even when the athletic team they coachconsists of all white athletes. Often times these people feel that just becausea person is a certain color or race, that they must be a thief or a criminal. This is very typical in todays society and no one deserves to be prejudgedlike that. The prejudice of people in the world is disgusting. The worst part ofit all is that they dont even know that they are doing it, often thinkingthat it is just normal behavior. There are people that dont realize that theyare racist and then there are those people who are ignorant and unaware ofracism in the world. They walk down the streets, through the stores and workingat their job, completely oblivious. We dont see what is happening around usbecause we dont want to see it. If you take someone and put them in the heartof a racist area, would they notice the problems then or would they still denyor overlook the fact of racism? Those people who do not see that racism is aproblem are almost as bad as the racists themselves. This is not to be taken inthe wrong way; some people who ignore racism are those people who are trying topush racism out of their own lives and out of the world. However, as long as wehave people who are unaware of the problem, it will continue to thrive.