The vicious circle of politics and economy
Historically, politics and economy were one topic. Only recently they are being studied separately. Politics and economics have integral relations and it would not be plausible to assume the existence of one without another. Economic dimensions have impact on market and economic reforms, economic performance and system influence the...
Creating value in goods gives sustainability to business
Designing and implementing appropriate strategies are fundamentals for a business to make profits and maintain sustainability. Strategies are planned actions to achieve goals. Differentiation strategies result in more value creation in a product, which means the consumers are willing to pay more for the product than its actual cost....
Exporting: First step towards getting international customers
Venturing into foreign markets requires details inquiries on ground scenario and based on the circumstances prevailing, a company must make choice from different modes of entry – exporting, importing, turnkey projects, licensing, franchising or foreign direct investment in the form of joint ventures or wholly owned subsidiary. Each of...
Culture reflects how well you can do business
Politics is the major factor that spoils economic environment, beside natural disasters and calamities. Lets forget about the cracks within the economic theories whose implementation results catastrophic such as ‘Efficient Market Hypothesis’ nearly collapsed US economy in 2007-08. In recent days, I feel myself more interested to the cultural...
Rudd’s challenges
More than a week after the leadership spill in Australian labour, the new Rudd government has not shown any indications whether the federal elections will be held on the date announced by Gillard government. There are several speculations about possible changes in dates: some argue early polls might be...
Economy and two super powers
Two super power diverted world attention this week. America voted for continuity to its existing leadership while China is going through sweeping leadership reshuffle. And these two leaders have immense responsibilities to ensure a better economic picture the world is expecting. American economy performed well below expectation during the...