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Friday, August 28, 2020
Music Business Merchandising and Law Free Essays
string(137) Broadly promoted craftsmen have dealings with a huge number of individuals that are identified with the advertising and dispersion of their product. Examine how the Music Business is a framework contained standard subsystems. There are a few key parts to the achievement of a craftsman in the music business. These segments bolster each other, and empower each to finish assignments that are intended to facilitate the attractiveness of a craftsman or gathering. We will compose a custom paper test on Music Business Merchandising and Law or on the other hand any comparable subject just for you Request Now One such segment, or subsystem, is the operator. The specialist goes about as the legitimate delegate of a craftsman. This individual, or organization, deals with the entirety of the legitimate issues related with an artistââ¬â¢s picture and vocation. Operators, normally, are the substance of the craftsman to the business world. These operators meet with advertisers, and setting proprietors to make sure about the presentation rights, and encourage visiting. They additionally ask as go betweens between the craftsman and distributing organizations to guarantee that every single lawful issue are tended to, and that the exchange of the artistââ¬â¢s made materials are dealt with in the correct way. Another part of the agentââ¬â¢s duty is to keep up and arrange contracts for the craftsman, with their separate parent organizations. This is to guarantee that the craftsman gets all the correct portrayal that is required to guarantee that the agreements that the specialists are limited by are reasonable, and moral. The following subsystem is simply the parent organization. Regularly alluded to just as the ââ¬Å"labelâ⬠, record organizations are the coupling wellspring of intensity inside the music business. The mark is the venture which holds the agreements, administers advancement, guarantees circulation, and holds the records on assessments, sovereignties, and installments to the craftsman and all his/her representatives. Record organizations run in size, contingent upon the extent of their endeavor. Little or autonomous organizations normally handle and short rundown of customers, and are capable arrive at a restricted territory for the discharge. The bigger organizations are global combinations that hold interests in many craftsman. These organizations can arrive at business sectors the world over. They likewise, regularly, regulate a wide scope of music business sorts. The following piece of the condition is the wholesaler. It is the activity and commitment of the record wholesaler to get the propagation privileges of a craftsman, produce enormous amounts of the item, and guarantee that the item is accessible for the open interest. Similarly as the record organization, record wholesalers extend in size and degree. With the little organizations arriving at a confined market, and the bigger, global organizations, arriving at each market accessible, the merchants serve the record organizations legitimately. Despite the fact that they are managing in the result of a craftsman, they once in a while manage them. It has just been lately that the Music Business has could discover and encourage expanding quantities of qualified pioneers. The music business, however in presence for a considerable length of time, has just in the previous barely any decades made a domain that cultivates a productive medium. The soonest proficient performers were restricted to crowds of eminence, and honorable elites â⬠for only they had the riches enough to pay for such indulgences. This early type of the music business was additionally constrained by the craving of the main aristocrats or eminence in the extent of substance and style. The artists, for example, Mozart, in his day, were permitted to make just what was satisfying to the imperial court â⬠and benefitted next to no from it. In any case, in the twentieth century, specialists started to see an opportunity that had evaded them previously. With the undeniably huge crowd base in the United States, craftsmen from different kinds had the option to obtain decent wages around corridors and theaters. Following World War I, there was a huge clamor for masterful articulation in human expressions in the United States â⬠and a blast of business followed. The period of the Big Band, saw music pioneers, for example, Duke Ellington, visit the whole nation â⬠playing their own music and winning their own wages. This blast in melodic opportunity topped in the 1950ââ¬â¢s with the ascent of ââ¬Å"Rock and Rollâ⬠â⬠and such specialists as Elvis Presley, Jerry Lee Lewis and Roy Orbison. The late fifties, however socially stifled, saw the primary moguls ascend from the music business â⬠and alongside them, the ascent of the business itself. The period of Sun Records, in Memphis Tennessee, demonstrated the music world that tremendous measures of pay that could be produced with an appropriately kept up and efficient corporate element. The quantity of record organizations expanded radically, and by the mid 1960ââ¬â¢s there were many huge scope organizations working the in United States. The following large advance came as British specialists. The appearance of The Beatles, the Rolling Stones, and other English gatherings into the United States, opened the entryway for the primary global organization property. The privileges of these gatherings to perform and sell their records inside the United States implied that American organizations needed to hold some portion of their possession. Before long this would prompt the development of American organizations to different nations, to gain the craftsmen legitimately, and increment the gainfulness â⬠by killing the mutual agreements. Today, we see organizations, for example, Sony, Viacom and Time Warner, as organizations that are arriving at all aspects of the globe, and managing music, however all scopes of diversion fields. These overall aggregations hold enthusiasm for hundreds and thousands of performers each, and order tremendous measures of yearly salary from the music business alone. Talk about the accentuation set on the way that Performing Arts Professionals depend intensely on a full staffed emotionally supportive network to pick up and continue achievement. The measure of lawful issues that oversee a craftsman today is close to as broad as the United States charge code â⬠which is additionally one of the numerous things that must be managed. The time that is important to keep up exact records, manage the entirety of the advertisers, merchants, legal counselors, and operators would be incomprehensible for a solitary individual, or even a little gathering of individuals, to embrace. Broadly showcased craftsmen have dealings with a large number of individuals that are identified with the promoting and conveyance of their item. This is the reason the music business has made a few explicit places that are planned to manage every feature of an artistââ¬â¢s profession. There are visit supervisors who manage nearby advertisers and scene proprietors to plan occasions and cement legally binding necessities. There are likewise advertising specialists who manage the diversion press and guarantee that all the vital data about a craftsman is accessible for open information â⬠or at times, inaccessible. There are additionally amusement legal advisors whose activity it is to guarantee that the entirety of the issues that include the craftsman are managed in like manner. These issues may incorporate copyrights, responsibility for material, as well as the exchange of these starting with one gathering then onto the next. Another significant piece of an artistââ¬â¢s profession supervisory crew would be the bookkeeper. As we have seen with specialists, for example, Willie Nelson and others, inappropriately oversaw pay can bring about awful close to home and financial expenses to the craftsman. The measure of time that is essential for this errand to be looked after effectively, in the instances of particularly enormous acts, is several hours out of every week â⬠obviously unthinkable for the craftsman to stress over and still keep up a vocation in music. At long last, there are the individuals whose activity it is to guarantee that each recorded track is great, and attractive â⬠the maker. Todayââ¬â¢s recording innovation is incomprehensibly more perplexing and touchy than was seen even twenty years prior. The mastery that is important to work and change the sound sheets for an account craftsman takes long stretches of preparing inside itself. A portion of these makers, for example, Bob Rock and Jermaine Dupri, have as much acknowledgment as the specialists that they support. They are likewise probably the most generously compensated experts inside the music business â⬠as they regularly hold a huge level of the completed productââ¬â¢s copyright and in this manner, benefits. What are the FOUR FACTORS which speak to the fundamental center establishment adding to the achievement of the individuals who ââ¬Å"winâ⬠in the Music Business? The principal factor is attractiveness. This is the capacity of a craftsman to make a collection of work that is adequate to the biggest conceivable crowd. The more individuals who might tune in to an artistââ¬â¢s picked style, the simpler it is to sell and benefit from that style. The term ââ¬Å"Pop Musicâ⬠is the very meaning of this. With specialists today, for example, Jessica Simpson and Kelly Clarkson, who produce standard music that pushes scarcely any limits, the capacity for the record organizations to advertise these craftsmen is enormously expanded. Next would be the playability of a craftsman. This is the capacity for a craftsman to be communicated on radio broadcasts and TV stations. It is significant that a craftsman have the option to be communicated on national radio broadcasts to guarantee that the craftsman is heard by the biggest conceivable number of individuals â⬠in this manner expanding the conceivable number of record purchasers. There are approvals to this standard, be that as it may. Gatherings, for example, Korn and Pantera have each had number one records in the United States â⬠with almost no airplay. This prompts the following element â⬠visiting. Visiting is the best apparatus that a craftsman can use to see that their work is seen by the general population. Visits are typically entirely productive endeavors, the frequently the wellspring of most noteworthy measures of pay for the craftsman or gathering. Visits likewise empower the buyi
Saturday, August 22, 2020
Justice System Position Paper Research Example | Topics and Well Written Essays - 1750 words
Equity System Position - Research Paper Example In any case, with the progression of time the power of the wrongdoing submitted by adolescent expanded which lead to the move in the focal point of the equity framework. The equity framework moved its concentration from restoration to discipline. This move in center has started the discussion of what the focal point of Juvenile Justice System ought to be. While many are of the supposition that this move in center is simply, I accept the focal point of adolescent equity framework ought to be recovery and not retaliation. Numerous people and gatherings of society accept that the danger of harsher discipline would help in diminishing the pace of adolescent wrongdoing. While it might be valid whenever drawn nearer from one angle yet the opposite side of the coin shows altogether different and antagonistic consequence of this methodology. As per an investigation directed by the North-eastern University in 1996 on adolescent recidivism, the treat of harsher sentences like that of grown-up has done little to diminish the adolescent crime percentage. Purpose behind supporting restoration as the focal point of adolescent equity framework is the conviction that youngsters being youthful despite everything have the potential and capacity to change. Kids are what the encompassing conditions have molded them to be. Whenever treated with legitimate consideration, there is a less possibility that they won't change. Sparing youngsters is simple since they are youthful and not completely developed in their reasoning. It is important to spare these youngsters with the goal that they improve a piece of the general public later on. Restoration through its different methodologies and projects has a superior capacity to spare these childrenââ¬â¢s than discipline. Restoration through its different projects like Youth Outreach Service (YOS) centers around surveying emotional wellness of the young. These projects expect to furnish the adolescent with quick help in regards to the psychological and enthusiastic issues brought about by the injury youth confronted in this way sparing assisting with sparing the kid. It is a result of this attention on mental improvement
Friday, August 21, 2020
Disposable Car seat covers essays
Expendable Car seat covers articles Inside the logical strategy, there are 6 stages to follow. By following these means all together, you will bring about a fruitful test. At the point when an individual decides to examine a specific condition, you characterize a particular issue for the investigation. This would happen to be the initial step of the Scientific technique, which is called Defining the issue. Defining a theory in any case, is an informed conjecture on how your test's outcomes would appear. With detailing a theory, you make a potential clarification of a watched set of realities, through thinking and mystery. To see if or not your theory is remotely right or nothing close by any means, you have to Test your speculation. This would be step #3 of the logical strategy called, Testing your theory experimentation. Until the examination is tried, it just stays as a speculation. Each test needs perceptions, just as estimations, without these your test is only inadequate. Estimations are required alongside percept ions, to acquire the exact outcomes for the arrangement of realities in your speculation. Without right outcomes you will be ensured to flop on the trial. All estimations and realities must be obvious to work. They call this fourth step, the Observation and Measurements step. All methods and materials utilized in tests, just as results must be recorded precisely and in full detail, also. This progression is called, Recording and announcing perceptions. You have to record the entirety of your methods and results so as to be profoundly sorted out in working out the issue. In the wake of working out the specific issue, you run over the last advance of the logical strategy which is called, Theories. Speculations are Explanations that apply to a wide scope of conditions for which you are testing.They are more mind boggling and harder to build up than a theory. Keep in mind, a Hypothesis is an informed supposition. Speculations on the other... <!
Tuesday, May 26, 2020
Essays Solutions Discounts - Get The Best Deal With Essay Services
Essays Solutions Discounts - Get The Best Deal With Essay ServicesEssays Solutions Discounts is the most advantageous and an extra plus in the whole process of selling the student's works. There are many students who have finished their studies but still want to earn money. Their aim is to find a job that will pay them well and also save them from the debts.What they need is some help so that they can successfully go through the second step - get a job that pays well. You have come to the right place to find the most suitable essay writing service for your needs.Many students do not know the basic concept of selling their works. But, you must have known this already as there are numerous companies who are looking for students who have completed their studies and yet want to sell their essays. So, that is why you need to know about the various methods available online. In this article, we will talk about these strategies and the premium Essay Solutions Discounts.These services have di fferent approaches that are meant for different kinds of people. But, there are some things that are common to all of them.Many students would like to sell their work because they would like to earn money while doing something that they love. Many students are able to make some money but there are many who are not able to make any money because they do not know the basics of selling essays.These essays solutions discounts are essential for you if you want to earn money fast. It is very important that you should know what is going on because once you start with one company, it is very difficult to move to another company and finally to another person.Price is a factor but not the only one. The essence of selling essays is that you should know more about how to sell essays and how to get the best deal.
Saturday, May 16, 2020
Can Crime Be An Act Of Resistance - 903 Words
Can crime be an act of resistanceâ⬠? Why do people commit certain crimes? Crimes are committed for many different reasons by people, but there is category of people who commit crimes in response to a State in which is biasedly against them and is posed to create some sort of statement and in many instances poverty can contribute to crime. Lets take the instance that if someone has grown up in a situation of poverty and is in a hopeless situation some individuals given those circumstances will turn to crime to get out of their poor conditions. Some may argue it is not an excuse because they are many who are poor who do not commit crime but on the contrary there are also many who are rich that do commit crime and get away with it due to their power or legitimacy. So we see that clearly if the conditions are bad or poor for somebody chances are that they is a higher possibility that some of those people might be involved in crime. There are some determinants that factor out in this consideration which is depending on the area and environment the individual surrounds themselves around with, there is a saying that ââ¬Å"you are a product of your own environmentâ⬠, due to this proposition the poor people get lack of opportunity to network with wealthy and educated individuals up in the hierarchy. They can only resort to the streets because of their environment, these people grew up in poverty and all around them is gang-affiliates, violent and drugs. The norms is that society considersShow MoreRelatedThe Violence Prevention Alliance981 Words à |à 4 PagesResistance The Violence Prevention Alliance, an initiative by the WHO, defines interpersonal violence as violence against an individual or a community. It further subdivides this definition into two categories; family and community violence. The first, family violence is described as an act of violence against an intimate partner, children or elders while the latter refers to violence against acquaintances and strangers including property crimes and vandalism (Mitchell and M.D., pg. 64-68). Read MoreThe Importance Of Resistance In Nazi Germany1559 Words à |à 7 PagesResistance is always possible no matter the consequences. It is moral, and necessary even when the odds of success are slim and failureââ¬â¢s consequences may lead to death or great suffering. All resistance is moral and imperative when the resistors are trying to save their own ideas, beliefs and others while going against the wrongful established order. Without it the consequences of no resistance are far greater. Those who put their lives on the line to help and save other people are heroes. ThisRead MoreThe Crime Of Gun Control1632 Words à |à 7 PagesIs there a more heinous act than to kill a child? After an event like a school shooting, our anger drives us to seek different ways to prevent a similar event from ever happening again. In an attempt to do so, we focus on guns as the cause of the problem and try to put more regulations in place. Who would not want regulations on gun ownership and establish places where guns are prohibited, like schools, if it would prevent or help reduce these crimes from happening? However, statistics have shownRead MoreEssay on Resistance in The Book Thief by Markus Zusak 935 Words à |à 4 Pagesthe childrens exchanges with the enemies all defy the Nazi party. Therefore, through their transactions, the characters of all ages show forms for resistance towards the Nazi regime. First of all, the adults exchanges with people of lower status shows defiance towards the Nazis. Hans Hubermann is an adult citizen who shows resistance through his acts of kindness towards the Jews. When a parade of Jews march down Himmel street, the surrounding crowd begins to torture and ridicule the Jews. HansRead MoreThe Importance Of A College Education And Why Police Agencies Should Make Dramatic Changes Essay1724 Words à |à 7 Pagesforensic science and how this evidence can strengthen a case, as well as the technical skills to understand ways to fight cybercrime, require educated detectives using a multi-disciplined approach. Modern police departments need highly educated people capable or leading change in an evolving technology-oriented society. With the trend of citizens with video cameras watching uniformed police officers perform their duties, research indicates that educated officers will act with more discretion, toleranceRead MoreThe Round House By Louise Erdrich1 293 Words à |à 6 PagesSurvivance is a term that is used in Native American studies and it includes two important terms: ââ¬Å"survivalâ⬠and ââ¬Å"resistanceâ⬠. Survivance refers to an active sense of presence and in native stories, natural reason, active traditions, customs, narrative resistance, and clearly observable in personal attributes, such as humor, spirit, cast of mind, and moral courage (Vizenor). It allows them to transform their experiences of historical trauma into courage, forgiveness, and healing through politicalRead MoreAnalysis Of The Internal Struggles Of Nite Owl And Batman853 Words à |à 4 Pagesthe Internal Struggles of Nite Owl and Batman ââ¬Å"Most of us have two lives. The life we live, and the unlived life within us. Between the two stands Resistance.â⬠Author Steven Presfield denotes here that there is usually an internal struggle in us, and the resistance between what we have and what we want to have. Some people will develop more resistance than others, however. Masked heroes possess this problem the most as they have to lead lives that are almost mutually exclusive, however difficultRead MoreCommunity Policing Essay examples1227 Words à |à 5 Pageseffective community policing. Taking a closer look at crime, it is widely evident that crime cases in any given society cannot be solved by any single individual alone. This calls for aid in order to curb the vice. Not to mention the complexity of crime, the police should no be left alone to deal with the matter. The community and police thus need to work together to deal with criminal activities. This will necessitate splitting of the crime matter into small er areas that are easy to manage. TheRead MoreToxic Masculinity as a Barrier to Mental Health Treatment in Prisons1320 Words à |à 6 Pagesincome communities and are persons of color. Since many inmates are also suffering from mental illness or need treatment for rehabilitation, mental health services in prisons are now in demand. By understanding needs of incarcerated men, researchers can collect data about gendered behavior such as masculinity in the prison setting as well as gender dynamics. As a result, this article explains how toxic masculinity creates obstacles for prisoners when it comes to mental health treatments in menââ¬â¢s prisonsRead MoreChild Soldiers in Uganda1259 Words à |à 5 PagesChild Soldiers in Uganda Imagine being snatched from your bed in the middle of the night and forced to commit horrific war crimes at only 7 years old. In Uganda, this sadly isnââ¬â¢t an unusual occurrence. Children and their families live in fear of being captured and made into child soldiers against their will. Led by Joseph Kony, the Lordââ¬â¢s Resistance Army has abducted over 30,000 children in Uganda and forced them to fight in war. These children are forced to become brutal killing machines, and
Wednesday, May 6, 2020
Nasw Code Of Ethics Reaction Paper - 1440 Words
NASW Code of Ethics Reaction Paper As a generalist social worker one must engage, assess, plan, implement, evaluate, terminate, and follow up when working with individual or family case work (Kirst-Ashman Hull, 2015). According to Kirst-Ashman Hull (2015) the social worker must build a rapport during the engagement phase in order to have a commitment and advocate for the clientââ¬â¢s right to self-determination (National Association of Social Workers, 2008). I feel that as social workers there are many challenges that we are faced with such lack of resources, client resistance, and personal reflection; however, as a generalist social worker one must be competent of resources (NASW, 2008) and have self-awareness in order toâ⬠¦show more contentâ⬠¦1.02 Self-Determination According to NASW (2008) the social work profession must have respect and promotion of clientââ¬â¢s right to self-determination. According to Lieberman (2017) each Sanchez family member has their own con cerns; however, through assessment a social worker must facilitate and allow the client to identify and clarify their goals (NASW, 2008). In Lieberman (2017) Hector Sanchez is resistant to apply for public benefits, such as Medicaid that can assist with subsided medical insurance and supplemental nutrition assistance program (SNAP) that can assist with purchasing food for the family (Department of Children and Families (DCF), 2014). As a generalist social worker professional judgment of clientââ¬â¢s right to self-determination may be limited if it can potentially cause risk and harm to the clientââ¬â¢s or othersââ¬â¢ well-being (NASW, 2008), this may apply to Hectorââ¬â¢s case as his reluctance to apply for public benefits may hinder the familyââ¬â¢s rights to basic needs such as food and healthcare. Chronic Disease Management In Lieberman (2017) Hectorââ¬â¢s history mentions that his health is affected by diabetes, high blood pressure and a physically demanding job that may impinge his future working years (Lieberman, 2017). According to Lieberman (2017) Hector is sacrificing his lunch meals to have an allotted amount of food for his family; however, he does not consider his own health that is greatly affected by his dietary habitsShow MoreRelatedNasw Code Of Ethics Reaction Paper. Migrated From Mexico1109 Words à |à 5 PagesNASW Code of Ethics Reaction Paper Migrated from Mexico to the United States in 1976, the Sanchez family currently resides in a Latino community in South Florida. The large extended family consists of ten: Hector, Celia, Junior, Emilia, Vicki, Gloria, Alejandro, Carmen, Roberto, and Joey. Living under one roof, this family affronts many social issues and is in great need of a social worker to anatomize and find resources to assist. In paper #1, the Sanchez family adversities were identified and categorizedRead MoreThe Trials Of The Nuremberg1630 Words à |à 7 PagesValues Conflict Paper - Nuremberg Trials The Nuremberg Doctors Trial of 1946 is the preeminent case recognizing the importance of medical ethics and human rights specifically about human research subjects. The defendants in the trials include Nazi leadership, physicians, and investigators prosecuted for conducting unethical and inhumane medical experiments on civilians and prisoners of war resulting in extreme pain, suffering, permanent injury and often death. The Nuremberg Code, borne of theseRead MoreCode Of Ethics Reaction Paper : The Doe Family1419 Words à |à 6 PagesNASW Code of Ethics Reaction Paper: The Doe Family A Review of the Case Jane Doe is 22 years old. She has a 3-month old child with her boyfriend, Anthony, who has been physically abusive lately. She has decided to move in with her mother, Alice, for the sake of the baby, although their relationship is strained. Jane has earned a GED and is waiting tables yet is at risk of losing her social services benefits because she is not complying with proper documentations. Alice Doe is in recovery fromRead MoreEthical Issues Regarding The Youth Participants At Leland Elementary953 Words à |à 4 Pages Agency Ethics Paper Vonzell White Northeastern Illinois University What ethical issues tend to arise with the population? After being interviewed by the supervisor at BUILD about how this program is ran and all the policies and procedures, I willing selected this agency for field practicum because I was very interested in helping this population of individualââ¬â¢s and I felt that this was my area of expertise already. Unfortunately, to my surprise this was not so, because I quickly realizedRead MoreSocial Justice And Human Diversity2208 Words à |à 9 Pagesbecause of negative perspectives and discrimination in the society. African American social workers are considered to be incompetent by the rest of the society hence making it impossible to delegate duties without any form of discrimination. This paper provides my own reflections as an African American male in the field of social work and how this identity has affected my practice in community work and advocacy duties. RACE AND CLASS IDENTITIES Studies have shown that racism is one of the mainRead MoreCritical Incident Analysis : Critical Accident Analysis3380 Words à |à 14 Pagesdifferences and how we manage them, or present dilemmas. If not addressed and the conflict remains unresolved it can have an impact on the outcome of the group (need to cite). To better understand how a critical incident can be addressed by a worker, this paper will examine the group setting, it?s purpose, analyze a critical incident, demands for work, and interventions. Furthermore, issues of the ethical dilemmas as it relates to group work will be addressed and conclude with a reflection on the processRead MoreEssay on Poverty: No Simple Solution to this Multi-faceted Problem2209 Words à |à 9 PagesDescribe In preparation for this reflection paper, I read the texts by Shipler and Walls, reflected on my life experiences, and then identified the following key themes: individuals who are in poverty are marginalized from mainstream society, poverty is a systemic problem, and the struggle for upward mobility is compacted by lack of education and an inadequate social services system. The families identified in the texts were from varied backgrounds; however, they each experienced the common struggleRead MoreThe Conflicting Tensions Of The Juvenile Justice System3706 Words à |à 15 Pagesclarifying and following through with its mission. As social workers, whose mission is to strive for social justice as well as pay ââ¬Å"particular attention to the needs and empowerment of people who are vulnerable, oppressed, and living in povertyâ⬠(NASW, 1996), it is critical that we look more closely at the reasoning behind why we are still unable to define and follow through with what social jus tice looks like for these youth 200 years later. While the original intentions of the system was to provideRead MoreSubstance Abuse And The Ethical And Legal Obligations3045 Words à |à 13 Pages In this paper, I will discuss the case study of a hypothetical client named Mary. I will explain and describe a variety of factors that have been thought to underline substance abuse and will propose a formal diagnosis. After which, I will identify the treatment recommendations and specific approaches for Mary, as well as the ethical and legal obligations. To conclude, I will discuss the importance and significance of transference and counter transference. Substance useRead MoreEthical Standards Of Counseling And Moral Principles3592 Words à |à 15 Pages(ASGW), and the American School Counselor Association (ASCA) come behind their own codes of ethics. While all these entities encourage significant values of trust, equal treatment, goodwill, and ethical standards of responsibilities for professionals it is imperative for persons who lead groups to become familiar with all standards within the organizations in which they serve. Following the guidelines of ethical codes is essential for the advancement of practical and accountable decision making both
Tuesday, May 5, 2020
Country Assessment of Bangladesh for Overseas Expansion
Question: Discuss about theCountry Assessment of Bangladesh for Overseas Expansion. Answer: Introduction Aussie Textiles is a quality garments manufacturer of medium-size operating from Queensland. As a result of the increase in the competition that it is facing from imported goods that are cheaper, the company is thinking in terms of establishing a manufacturing plant in Asia and has selected Bangladesh as the potential country for establishing its manufacturing plant overseas. This report will be discussing the advantages as well as the disadvantages of carrying out operations in Bangladesh by conducting an industry overview and market analysis and will then make recommendations on their basis to suggest the appropriateness of the country for this expansion. Industry Overview The developing nations in Asia are undertaking continuous expansion of their textile industry because of the cost of production being very low in these nations. Bangladesh has emerged as a major player in the sector of Ready Made Garments (RMG). The apparel industry contributes 76% to its total earnings from the exports of textile and clothing. The primary reason for this is the availability of labour in abundant quantities and at cheaper rates (Textile Exchange, 2016). Even though the export revenue of most countries of Asia in 2015 was disappointing, Bangladesh did not follow that trend. The export earnings of Bangladesh increased to $3.2 billion in December, 2015 which was a new record for the country. This success was a result of the success which may be attributed to the growth of the apparel industry in Bangladesh which accounted for more than 83% of the figures in December, 2015. The increase in worldwide demand for cheap clothing has made Bangladesh the worlds second largest exporter and the position continues to be strong because of the huge population and low costs of labour. As per the World Bank, the GDP of the country is also expected to increase by 6.7% in the current year which will put it among the worlds fastest growing economies (Matsangon, 2016). A total of 20% of the GDP of Bangladesh comes from exports, out of which 80% is contributed by clothing (HKTDC Research, 2013). However, the road ahead for the industry has certain obstacles also. The main recipients of the Bangladeshi garments is the European Union as they account for 61% of the exports and the European economies have been undergoing constant slowdown. Apart from this, the competition from Vietnam is also increasing which is expected to grow more rapidly after the ratification of the Trans Pacific Partnership during the current year. This could pose a threat to the current global ranking that Bangladesh has. Subsequently, the manufacturers of Bangladesh will be forced to bring in enhancements in their productivity levels for maintaining their competitive advantage. Despite these challenges, as the trade will pick up globally in the years to come, it is expected that demand will increase for the Bangladeshi garments and will prompt economic growth that is very much needed for the country (Matsangon, 2016). Market Analysis The market analysis for Bangladesh can be done with the help of the tools such as the PESTLE Analysis, Porters Five Forces and the Porters National Competitive Advantage Theory. PESTLE Analysis The PESTLE analysis is a tool that is useful for gaining an understanding of the growth or decline of the market and hence it helps in assessing the direction, potential and position of the business. It is a tool for measuring business. PESTLE is an acronym for Political, Economic, Social, Technological, Legal and Environment factors that are used for assessing the market from the perspective of an organisational unit or business (PESTLE Analysis, 2016). The PESTLE Analysis for Bangladesh has been done in order to evaluate its business environment by focusing on the potentiality as well as the complexities. Political Political unrest is common which disturbs the countrys international and national trading system. Hence, foreign firms are apprehensive of investing FDI in Bangladesh. A number of accidents have also occurred recently in the garment sector (ILO, 2016). Recent terrorist attacks made the country lag behind and weakened the business and it has to reassure the foreign buyers (Riley, 2016). The recent incidents like Tazreen Fire and Rana Plaza Collapse has raised concerns on safety of workers. However, forums have become active to bring the things back to normal and ensuring safety (Merchandising, 2015). Economic With respect to textile industry, the Government has adopted certain positive initiatives favouring foreign investors and no distinctions are made between domestic private and foreign investors in relation to incentives for investment and policies of import and export. Social Companies usually face challenges in adjusting to the social environment of the country. The companies operating in the country are gradually recognizing the significance of corporate social responsibility. Technological Currently, heavy reliance on imported technology is present and planning is required for effectively transferring via adoption, assimilation and acquisition. The other points of the PEST Analysis have been mentioned in Appendix 1. Porters Five Forces Competitive Rivalry Between Existing Players Competitive rivalry exists in the industry for getting large orders from the buyers. Bangladesh is the 6th largest supplier of textiles in the markets of the EU and the USA. It is emerged as a good potential for supplying quality textiles at cheap prices. Majority of the raw materials are imported but other factors of production are utilized for producing cheaper apparels. An investment friendly atmosphere is offered by Bangladesh to various brand names that outsource their production process to the country (Samaraweera, 2011). Bangladesh is among the nations which is unable to complete its quota which the larger markets have provided it with. Consequently, several foreign nations are using it as a hub for preparing their products by means of outsourcing it to Bangladesh and then get access to markets which were not accessible previously to them. The country is deriving benefits from this situation and is inviting investors as well as foreign companies for placing orders in order to get this facility (Houkokusho, 2012). Bargaining Power of Customers This is mainly from the countries which do not have GSP or facility of quota. Quota system is a big player and with Bangladesh having a quota left in the EU markets where nations such as China do not have accessibility, it is emerging as a hub where countries buy the services and then export it with their labels. This provides a comparative advantage. This coupled with quality, has made Bangladesh the best choice available. Bargaining Power of Suppliers The country enjoys an advantage when inputs are ordered from the suppliers of cotton and knit in India and China. Import of most of the raw materials reduces the benefit of initiating backward linkage and increases the supplier power but still it is able to attain inputs at global prices from its suppliers. The power of the domestic suppliers is increasing gradually as the number of local companies is rising. A large scale advantage is available to the suppliers due to the concentration of the industry based on the area. It enjoys a good reputation globally with the suppliers due to timely payments which is assisting it in getting quick supplies of raw materials, matching prices with international quoting for local and foreign suppliers. Threat of New Entrants Economies of scale in production are yet to be achieved by the country which may result in potential entrants threatening its growth. The availability of cheap labour is the countrys biggest advantage which safeguards it from new entrants and growth has been rapid in the textile sector of Bangladesh which is posing a tough competition to the already established players. However, political scenario has been unstable in the recent years which have led to nations like Vietnam, Sri Lanka and some Latin American nations to try and take away the advantages but as of now the threat remains minimal. Threat of Substitutes Poor branding of the country and lesser power of influencing customers, has led to increase in preference for Thailand, India and China but the cost of the buyers switching to these nations is high due to comparatively higher labour and raw material costs (Business Wire, 2011). However, there is a threat of rise in the substitute products such as clothes of banana and jute fibres and synthetic products. Conclusion and Recommendations The analysis of Bangladesh reveals that the greatest advantage of the company is its cheap labour and the fact that due to the country being unable to fulfill its quota requirements, other nations can consider it as a hub for manufacturing and then use it for gaining entry into other markets. It is recommended that Aussie Textile should set up its manufacturing facility in Bangladesh even though there are disadvantages in the form of political instability and safety of the workers but still the low cost of production, the timely repayment to the suppliers and quality of goods produced along with the accessibility to new markets, things returning to normal and also assurance by the Government of providing safe conditions and timely deliveries are the major advantages which outweighs this disadvantage. The increasing labour wages and prices of raw materials in other Asian nations like Thailand, India and China makes Bangladesh the preferred destination. Bibliography Business Wire, 2011. Research and Markets: Bangladesh Apparel Industry Analysis. Research. Dublin: Business Wire Business Wire. HKTDC Research, 2013. Bangladeshs garment industry: recent development and outlook. [Online] Available at: https://hkmb.hktdc.com/en/1X09UVLU/hktdc-research/Bangladesh%E2%80%99s-garment-industry-recent-development-and-outlook [Accessed 25 September 2016]. Houkokusho, C., 2012. Dynamics of Garment Industry in Low Income Companies:Experience of Asia and Africa. Interim Report. IDE-JETRO. ILO, 2016. Improving Working Conditions in the Ready-Made Garment Sector in Bangladesh (RMGP Programme). ILO. Matsangon, E., 2016. Bangladesh textile industry sets export record. World Finance, 26 January. Merchandising, 2015. Readymade Garments Industry of Bangladesh. [Online] Available at: https://www.garmentsmerchandising.com/readymade-garments-industry-of-bangladesh/ [Accessed 25 September 2016]. PESTLE Analysis, 2016. What is PESTLE Analysis? A Tool for Business Analysis. [Online] Available at: https://pestleanalysis.com/what-is-pestle-analysis/ [Accessed 25 September 2016]. Riley, C., 2016. Bangladesh's huge garment industry tries to reassure foreign buyers. CNN Money, 4 JUly. Samaraweera, D., 2011. Analysis: Bangladesh Garment Industry Aims For Fast Growth. [Online] Available at: https://www.just-style.com/analysis/bangladesh-garment-industry-aims-for-fast-growth_id109958.aspx [Accessed 25 September 2016]. Textile Exchange, 2016. Apparel, Clothing Garments Industry Overview. [Online] Available at: https://www.teonline.com/apparel-garments/industry-overview.html [Accessed 25 September 2016].
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