Political Issues in Emerging Economies Essay Example | Topics and Well Written Essays - 2500 words

Political Issues in Emerging Economies - Essay Example The Brazilian economy has a strong domestic services sector, which accounts for about 67 percent of the country’s GDP. Major growth areas include insurance, financial intermediation, and retail sales. According to UK Trade and Investment (2012), about 35 million Brazilians moved from Classes D and E to Class C between 2002 and 2012. Consequently, has marked the major economic growth rates, which resulted in a reduction of economic inequalities. In effect, this had an effect of increasing demand from the middle class, an increasing tendency to spend, and provided a major economic opportunity for companies – local and foreign. Partly due to the emerging class of middle class consumers, the Brazilian economy grew by 2.7 percent in 2011, which is lower than the 7.5 percent realised during 2010. Due to these economic changes, there have been efforts that implement policies to contain the increasing inflation since unfavourable global economy has resulted in a retardation of the economy (UK Trade and Investment, 2012). On the other hand, the slowdown contributed to a reduction in basic interest rates in order to boost growth through passing the reductions to consumers and businesses. Importantly, the labour market conditions are relatively favourable, at 6 percent, which is very comparable to the economies lowest. However, local labour regulations are onerous and complex. Therefore, it is important for foreign market entrants to handle them carefully in order to evade costly liabilities. The exchange rate of Brazil was affected to a large extent by the uncertainty in the global economy/ In mid 2012, the Real Dollar slumped from a ratio of 1: 1.73 against the USD to a rate of USD 1: 2.02 (UK Trade and Investment, 2012). In the area of trade, Brazil has remained balanced, but a comparatively closed national economy. The total of trade flows stood at about 25 percent of the economy’s GDP. Brazil’s exports stood at USD 256 billion in 2011 with the major exports being fuel and oil, ores, soybean, transport produce, ethanol, meat, sugar and chemicals. In 2011, the economy’s major consumers were China and US with these two countries representing 17.3 and 10 percent of total exports respectively (UK Trade and Investment, 2012). Other principal consumers include Argentina at 9 percent; Japan at 3.7; and the Netherlands at 5.3 percent. Brazil’s imports stood at USD 226.2 billion for the year 2012. Major imports included chemical products, machinery, automotive parts, oil, electronics, transportation equipment and electrical appliances. The larger

Report of Collaboration Manager (interview) Essay

Report of Collaboration Manager (interview) - Essay Example Costco world headquarters are located in Washington and Korea home-office is located in Costco Yangpyung location. Costco in Korea also targets lower end customers by selling products at low prices, often at very high volume. Costco is experiencing rapid growth in its Asian business. Ever since Costco entered into Asian market, international outlets has experienced a sales growth of 7% in 2011 and Costco’s best performing store is in Korea. Costco does not provide multiple brands varieties where the item is essentially the same except when it has a house brand to sell, often under the Kirkland trademark label. Their distribution system focuses on a high volume of sales from single vendors, allowing further reductions in price and lower marketing costs. Through the collaborative manager interview report, more research and investigation was held on how Costco Korea implemented its business strategy in Korean market and successfully created the collaborative work environment in t heir distribution channel. In addition, the report focused on their collaborative strategy of how the company communicated with Costco buyers in order to meet local customer demands and requirements. In order to gain visibility into performance at Costco Korea, it was necessary to interview Korean branch of collaborative manager, Sung-Gu Ryu to gain his personal experience and perspectives on overall category of growth trends. Role of the CM in Helping the Organization Achieve Its Strategic Objectives Collaborative manager entails the working together of managers in an organization to achieve the goals and the objectives of the organization. Sung-Gu Ryu outlined the strategic objectives of Costco Corporation which gave directions to his role as the CM. To begin with, Costco Corporation operates on a best value and best price principle. This means that Sung-Gu Ryu has a role of developing and implementing quality assessment tools that aim at investigating the satisfaction of the cust omers with the quality of products being produced by Costco Corporation. Moreover, Sung-Gu Ryu has the role of ensuring that customers are satisfied with the price of commodities being offered compared to its competitors, in bid to offer the best price for its commodities. Acting ethically, is another strategic objective of Costco Corporation and Sung-Gu Ryu as the CM has a great role in ensuring that this strategic objective is achieved. Firstly, he ensures that the managers working in collaboration with him are managers of integrity and have a high moral standard. This ensures that their operations are morally and ethically upright as pertains to how they treat their customers, employees, suppliers and competitors. Moreover, it is the strategic objective of Costco Corporation to never lose sight of the reason why they are in operation. Sung-Gu Ryu being the CM has the duty of en-culturing the staff to this organization culture and ensuring that every employee knows the vision and mission of Costco Corporation. So as never to lose sight of this vision, it is embedded on products developed by the Corporation and Sung-Gu Ryu also comes up with slogans aiding in achievement of Costco Corporation’s strategic objectives. CMs background, Obstacles Faced, Process Used to Develop External Relationships and Achieve Significant Milestones Sung-Gu Ryu, is the manager who is bestowed with