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Franklin D. Roosevelt - 2924 Words

In the 1930’s the United States need a president that would be able to lead the country through the tough times of the Great Depression and World War II. Franklin D. Roosevelt was the man who was capable to lead the country through these challenging times. Franklin Delano Roosevelt was the adored only child of James and Sara Delano Roosevelt born on January 30, 1882 at Hyde Park, New York. Both sides of the family, the Delano and the Roosevelt had business associates of shipping interests in coal and railroads. They both had long English-Dutch patrician pedigrees (Franklin D. Roosevelt 1). The estate where Franklin grew up had everything that a boy could want. â€Å"There were devoted servants; fields and woods to play in and horse, dogs,†¦show more content†¦Franklin came down with polio while at Campobello for summer vacation. Poliomyelitis (polio) is disease that affects the muscle and the nerves and can lead to partial or full paralysis. Symptoms of polio includ e fever, muscle spasms, and muscle pain. The treatment is heat pads to reduce pain, therapy and pain killers. Franklin was paralyzed from the chest down at first than the disease relaxed and only paralyzed him from the hips down. No one knew how polio was contracted. It may have been because of the exhausting weeks with the Navy Administration or from the chill he received after falling in to a cold bay while fishing. It also may have been the combo of tiredness and the chill (Tugwell 56). Doctors were called for a diagnosis and each time they gave a wrong diagnosis. It wasn’t until two weeks after contracting the disease that a specialist gave a correct diagnosis and it was two weeks after the specialist came that Franklin was transported to New York for therapy (57). He was so determined to overcome his disability that he devoted seven years of his life to grueling physical therapy (Goodwind 109). But unfortunately he would never walk again without the help of steel brac es on his legs and a strong- arm to lean on. As Franklin was recovering Eleanor really became important to Franklin as his representative. She made appearances to keep his name in public so that the people and the political partyShow MoreRelatedThe Legacy Of Franklin D. Roosevelt1333 Words   |  6 Pages Wisdom, knowledge, greatness and power are a few words that come to mind when thinking about our 32nd president of the United States, Franklin Delano Roosevelt. He’s one of America’s greatest presidents who accomplished more than we could have hoped for. A man of few words citizens would say, yet each word was a something to remember. I believe that he was in fact the most effective president the US has had so far. This president was the most precise, straightforward president; he got what was neededRead MorePresident Franklin D. Roosevelt959 Words   |  4 Pagesidentified an individual as a great leader. President Franklin D. Roosevelt is a prime example of a great leader. In 1933 Roosevelt became the 32nd president of the United States, and led Americans through various series of events. But like many accomplishments every great leader faced challenges and Roosevelt was no exception. This paper will analyze Franklin D. Roosevelt accomplishments, challenges, and lead ership style. During his presidential time Roosevelt led Americans through the Great Depression andRead MoreEssay on Franklin D. Roosevelt531 Words   |  3 Pages Franklin Delano Roosevelt was born January 30, 1882. He was the only child. His parents were James Roosevelt and Sara Delano Roosevelt. He was raised very fortunate because his family had a lot of money. Franklin, at age fourteen, attended Groton School. For his undergraduate degree he attended Harvard University. At Harvard he was elected editor-in-chief of the college paper. Franklin looked up to his distant cousin, Teddy Roosevelt. He wanted to be in office just like Teddy was. He ran for hisRead MoreThe Life of Franklin D. Roosevelt1005 Words   |  5 PagesA mention of the name, Roosevelt D. Franklin to most Americans, rekindles the memories of the Second World War, the Manhattan projects and the subsequent bombing of two Japanese cities. What most of these people fail to understand is that Roosevelts presidency was the Second World War. Turth be told, Roosevelt is one the greatest presidents the United States ever had based on his personality and the challenges he faced while in the White House. This paper discusses a number of aspects about oneRead MorePresident Franklin D. Roosevelt Essay1637 Words   |  7 Pagesinvolved with the affairs of the world. Through a turn events and the persuasive actions of President Franklin D. Roosevelt, the country was re-geared for mobilization and war against tyranny in whichever form it presented itself. The President delivered many great speeches that brought the United States to global involvement with the use of early national media and propaganda. President Franklin D. Roosevelt’s famous â€Å"Four Freedoms† speech along with the events of Pearl Harbor were the inspirationRead MoreEssay on Franklin D Roosevelt1402 Words   |  6 Pages Franklin D. Roosevelt In the 1932 election, the Democrat Franklin Delano Roosevelt collected 57.4 percent of the popular vote to easily defeat the republican opponent, Herbert Hoover. He strove to be a symbol of confidence and a new hope for the nation, declaring in his inauguration day speech on March 4, 1933, quot;the only thing we have to fear is fear itselfquot; (Norton, p.727). By incorporating this theory into politics, he attempted to pick America off the ground, and set America backRead MorePresident Franklin D. Roosevelt777 Words   |  4 PagesAngela McLinton AP U.S. History Pd 1 Galvin 3/16/15 President Franklin D. Roosevelt is commonly thought of as a liberal and President Herbert C. Hoover as a conservative. To what extent are there characterizations valid? It is a commonly held belief that Roosevelt was liberal and Hoover, conservative. However, as their respective presidencies progressed, it was shown through their proactivity and reservations that they attained a versatility between the two. Both wanted to pull the economy awayRead MorePresident Franklin D. Roosevelt969 Words   |  4 PagesPresident Franklin D. Roosevelt, President of the United States since 1933, died yesterday afternoon at Warm Springs, Georgia. A White House announcement stated that the President died suddenly from a cerebral haemorrhage. The stories you need to read, in one handy email Read more Mr. Harry Truman, the Vice-President, has already been sworn in as the 33rd President. After stating that an immediate meeting of the Cabinet had been called the White House statement said that the four Roosevelt sons inRead MoreThe Legacy Of Franklin D. Roosevelt868 Words   |  4 PagesFranklin D. Roosevelt has gone down in history as one of the greatest presidents to serve our country. He was president from 1933 to 1945, the longest any president has ever served. With the establishment of the new deal, he was able to not only bring the American economy out of the depression but also the people themselves. But it is his wife, Eleanor Roosevelt, was a leader herself. She did not stand in the foreground of her husband’s presidency; she actively fought for her beliefs and becameRead MorePresident Franklin D. Roosevelt917 Words   |  4 Pages　　From the year of 1933 to 1941, president Franklin D. Roosevelt enacted a series of reforms called the â€Å"New Deal.† The New Deal was aimed to help the social and economic recovery of the United States after the Great Depression. Different groups of people were treated differently during the New Deal. Some groups benefited from the reforms and some did not. Certainly, not all groups of people experienced the New Deal similarly; some perfect examples of this are old people, farm laborers, and theatre

Mental Health Free Essays

CITIZENS FOR MENTAL HEALTH BACKGROUNDER Mental Health SCOPE OF THE ISSUE Our mental health is affected by many factors including where we live, the state of our environment, genetics, our income and education level, and our relationships with friends and family. Positive mental health is a cornerstone of our overall well-being. Mentally healthy people are able to cope with the inevitable stress and strain of daily life and have the resilience to rebound from life-changing events such as loss of a loved one, loss of a job, or marriage breakdown. We will write a custom essay sample on Mental Health or any similar topic only for you Order Now However, some leading health indicators show Canadians as a whole, and some groups in particular, are experiencing mental health problems in their lives. These problems exact a significant toll on individuals, their families, and society at large. †¢ Suicide accounts for 24% of all deaths among 15-24 year olds, and 16% among those from 25 to 44. †¢ More than half a million persons aged 15 and over (2. 2%) reported having activity limitations due to emotional, psychological or psychiatric conditions. An additional 1. % had activity limitations due to frequent memory problems or periods of confusion. †¢ Stress and mental health-related problems currently represent 40-50% of the short-term disability claims among employees of some of Canada’s largest corporations. †¢ The Canadian economy loses an estimated $30 billion a year in productivity due to mental illness and addiction problems. †¢ Social conditions such as poverty, income disparities, homelessness and housing instability, income insecurity, racism, sexism, homophobia negatively impact mental health. FEDERAL ACTION Health promotion seeks to develop strategies that increase individual and community control over the determinants of health to improve overall health and promote social justice and equity. Mental health promotion builds on the above principles. It entails enhancing people’s resiliency and coping skills, and above all, their capacity to take control over their lives, thereby improving their mental health. Mental health promotion is targeted at the population as a whole, including people with mental illness. Policies and programs to promote mental health are pursued at every level of society, including the federal government. The Mental Health Promotion Unit (MHPU) was created in 1995 as the focal point of Health Canada’s efforts to maintain and improve positive mental health and well being for the Canadian population. The new MHPU addresses mental health promotion from a population health perspective that takes into account the broad range of determinants of mental health. Its mandate is to promote and support mental health and reduce the burden of mental health problems and disorders by contributing to: the development, synthesis, dissemination and application of knowledge and the development, implementation and evaluation of policies, programs and activities designed to promote mental health and address the needs of people with mental health problems or disorders. In addition, Health Canada’s First Nations and Inuit Health Branch supports the delivery of public health and health promotion services on-reserve and in Inuit communities. It provides drug, dental and ancillary health services to First Nations and Inuit people regardless of residence. The Branch also provides primary care services on-reserve in remote and isolated areas, where there are no provincial services readily available. Health Canada publications deal with issues such as helping children live with separation and divorce, coping with the stress of terrorism, and promoting mental health in First Nations and Inuit communities. Other federal departments also offer programs which promote mental health. Federal programs related to, for example, income, employment, education, housing, or human rights all play a part in helping to promote the mental health of Canadians (see other â€Å"Citizens for Mental Health† Backgrounders). COMMUNITY RESPONSE Healthy public policy and, in particular, mentally healthy public policy is a responsibility of all levels of government across a wide range of departments. Policies in a range of areas from income security to reducing stress in the workplace or programs such as suicide prevention or youth counselling all constitute health promoting initiatives. The following example related to health in the workplace could serve as a template for the development of mentally healthy policy in many areas of activity. Acting on the Ottawa Charter for Health Promotion’s call for â€Å"putting health on the agenda of policymakers in all sectors and at all levels† the authors of a recent report prepared for the Institute for Work and Health looked at the impact of information about the health consequences of unemployment and job insecurity. They evaluated the influence and potential of such information, and analysed barriers to utilizing it in employment policy-making. The authors conclude with three recommendations aimed at combining greater awareness of employment-related health consequences with traditional employment policy-making: †¢ health policy-makers must act as the intellectual leaders in rephrasing health information in terms meaningful to employment policy-makers; †¢ both health and employment policy-makers must work toward an increase in cross-departmental and cross-governmental initiatives as well as toward greater awareness of and accountability for the health consequences of employment policy; and †¢ these policy-makers should monitor support for initiatives that are proposed on the basis of health information and be prepared to offer this information when they encounter resistance from stakeholders, bureaucrats, the media, and the general public. Sources †¢ CMHA Ontario Division (www. ontario. cmha. ca/content/information_and_links/statistics. asp? cID=3296) †¢ First Nations and Inuit Health Branch, Health Canada (www. hc-sc. gc. ca/fnihb/index. htm) †¢ Global Business and Economic Roundtable on Addiction and Mental Health – see CMHA Ontario (www. ontario. cmha. ca/content/information_and_links/statistics. asp? cID=3296) †¢ Mental Health Promotion Unit, Health Canada (www. hc-sc. gc. ca/hppb/mentalhealth/mhp) †¢ Statistics Canada – Cat 89-577-XIE, A Profile of Disability in Canada, 2001. Citizens For Mental Health is a national project of the Canadian Mental Health Association April 2003 How to cite Mental Health, Papers Mental Health Free Essays Mental health refers to the stability of persons’ emotional and psychological faculties as well as their capacity to function normally within a social setting[1] In essence it is basically how an individual evaluates themselves, their lives and the people in their lives. In order to help understand the issue of mental health, I would use Petria Thomas as my study case. The first part of this essay will seek to relate Thomas behavior as concerns mental distress. We will write a custom essay sample on Mental Health or any similar topic only for you Order Now The other part I will take into consideration factors that contribute to her mental health problems. There are various causes of mental health problems and this usually varies with individuals. This may include upsetting events in one’s past or present life, specific stresses, anxiety, genetic predisposition and other life events. In Thomas case, she was stressed. Stress as scientists have learned can affect us over long term periods. What triggers stress for Thomas in this case seems to be the fact that she is separated from her family? The pace of life and the nature of competitiveness associated with the sport she is involved is quite demanding. Psychologists believe that people who are very competitive and perfectionists are more prone to stress. Thomas was faced with the Olympic Games something she had to give her best in. The stress in her life seemed to have eventually been too much for her to cope. This may have led to other problems as depression and anxiety. According to her story, â€Å"she had lost hope, passion and focus in life†. She is also reported to have been â€Å"so depressed that she considered hurting herself†. The pain killers she took and in the event ended up overdosing herself were just a demonstration of depression. Too much pain killer just like alcohol is just depressants. Thomas other cause of mental problem seemed to be anxiety. Anxiety can be defined with relevance to her case as usually â€Å"the onset of persistent anxiety with a distressing even such as a physical illness or a period of stress† Thomas had undergone three shoulder reconstructions to help with her injuries. This seemed to be so much for her to bear. She was also dealing with a new situation having moved away from her â€Å"happy and close-knit family†. This coupled with the fact that she was still very young (19 years) raised the level of stress in her life and leading to her mental disorder. Anxiety generally is a wide range of feelings from mild to crippling distress. Her anxiety level had reached a point that had mentally affected her. One of the risks that threatened to push her to the edge was the fact that her coach wanted to drop her from the swimming team. This to her view was also unbearable having given everything and even separating from her family. Thomas problem of overdosing on non-prescribed pills in the run-up to the Olympic could have been another contributor to her state of mental health. References Connie R. Matthews, Elizabeth A. Skowron; Incorporating Prevention into Mental Health Counselor Training. Journal of Mental Health Counseling, Vol. 26, 2004 Elaine Sheehan (2002), Anxiety, Phobias and Panic Attacks: Vega books Elizabeth R.E, Martha Davis, Matthew McKay (2000), the relaxation and stress reduction workbook new harbinger. Randall L. H., Robert C. S., John J. Z.; Mental Health Counselors’ Decision-Making Priorities Related to Inpatient Admissions for Anxiety Disordered Clients: A Pilot Study.   Journal of Mental Health Counseling, Vol. 26, 2004. Richard Carlson, Joseph Bailey, (1998), slowing down to the speed of life: how to create a more peaceful, simpler life from the inside out Hodder Mobius. Potter Perry’s Fundamentals of Nursing (Crisp Taylor, 2005) Psychiatric and Mental Health Nursing (Elder, Evans, Nizettes 2005) Victoria E. Kress;   Theory and Practice Submissions to the JMHC: Keeping the â€Å"Mental    Health† in Mental Health Counseling. Journal of Mental Health Counseling, Vol.    28, 2006    [1] Randall L. H. (2004) How to cite Mental Health, Essay examples

Dantes Hero Journey free essay sample

The Count of Monte Crests, Edmond Dances Is a very powerful figure that travels through different scenarios and troubles. It Includes him escaping Jail In the beginning after being framed. Secondly how he changed his identity six times through out the book in the challenges that he faces. Third is how he wanted to seek revenge against the people that had him put into Jail in the revelation and actions.And finally, Edmonds final stages of his rough and traitorous journey throughout his time of trying to seek revenge. Dances knows that there will be a big adventure ahead of him. Edmond Dances, you are under arrest, Under arrest, cried Dances, But why? Dante; must have been very mad and confused when this happened. Dances has been framed to someone elses advantage that planned this all out. The people that did this to Edmond Dante planned this out so that they can get revenge on him for being promoted to the ship captain. We will write a custom essay sample on Dantes Hero Journey or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Dances wants to seek revenge to these people and get his revenge on what they have done to him. Dances should not take things so seriously and put things behind him. In Conclusion, Dante will have a very big adventure ahead of IM and that he will do and become many things throughout his entire journey. Dante has been caught in many challenges through out his entire life as different people. Dante nevertheless had the presence of mind to hold his breath and tip open the sick with the knife which he still had in his right hand. (Dumas 80) Dante can have anything thrown at him and he still can solve his problems. Dances can do or be anything that he pleases. Dances has been in much life or death challenges that without his wits he could have died in. Dances must have devoted his life to academics so he can be very smart. Dante would not have been able to escape the prison without listening to the wise priest. In conclusion, Dances has gotten out of many challenges with his judicious and wise he Is.The second Dances had escaped prison he decided to change his name and personal info. Who are you, asked the captain in a terrible French accent, Im a Maltese sailor. (Dumas 83) Dante# has tricked the sailors into thinking that he is a sailor from a shipwreck. Dances can trick a lot of people Into believing that he is a different figure. For example, with Dante being able to trick the sailors he was able o achieve his goal of getting the treasure. Dances was able to find what he was looking for and became very wealthy.Dances will be able to do and become many different people on disguise. For instance, Dances has became six different people throughout the entire novel. Dante; has many enemies or friends that he doesnt want to know that hes alive. Dante; Is very smart and takes much risk In life. In Conclusion, when Dances Is more than one person he can complete what his goals are. Life and not change your identity at all. This is important not to do because it can cause much distress and untrustworthiness among people.

History of American economics

The Insect Index - Sorted by Scientific Names

The Insect Index - Sorted by Scientific Names Sort by: Common Names | Scientific Names Read more about these insects and non-insect arthropods! The following insect and other arthropod profiles are now available on the About.com Guide to Insects: Class Arachnida Orders Acari (mites and ticks)Araneae (spiders)Opiliones (daddy longlegs)Pseudoscorpiones (pseudoscorpions)Scorpiones (scorpions)Solifugae (windscorpions) Suborders Ixodida (ticks) Families Araneidae (orb weavers)Lycosidae (wolf spiders)Oxyopidae (lynx spiders)Pholcidae (cellar spiders)Pisauridae (nursery web and fishing spiders)Salticidae (jumping spiders)Theraphosidae (tarantulas)Theridiidae (cobweb spiders) Genera Latrodectus (widow spiders) Species Aurantia argiope (black and yellow garden spider)Ixodes scapularis (blacklegged tick)Loxosceles reclusa (brown recluse spider)Tegenaria agrestis (hobo spider) Class Chilopoda Class Diplopoda Subphylum Trilobita Class Insecta Subclasses Apterygota (wingless insects)Pterygota (winged insects) Orders Blattodea (cockroaches)Cerambycidae (long-horned beetles)Coleoptera (beetles)Collembola (springtails)Dermaptera (earwigs)Diptera (true flies)Dictyoptera (roaches and mantids)Embiidina (webspinners)Ephemeroptera (mayflies)Grylloblattodea (rock crawlers)Hemiptera (true bugs)Hymenoptera (ants, bees, wasps)Isoptera (termites)Lepidoptera (butterflies and moths)Mantophasmatodea (gladiators)Mecoptera (scorpionflies and hangingflies)Microcoryphia (jumping bristletails)Neuroptera (nerve-winged insects)Odonata (dragonflies and damselflies)Orthoptera (grasshoppers, crickets, and katydids)Phasmida (leaf and stick insects)Plecoptera (stoneflies)Psocoptera (barklice and booklice)Siphonaptera (fleas)Thysanoptera (thrips)Thysanura (silverfish and firebrats)Trichoptera (caddisflies)Zoraptera (angel insects) Suborders Anisoptera (dragonflies)Ixodida (ticks)Mantodea (praying mantises)Raphidioptera (snakeflies) Families Acrididae (grasshoppers)Aeshnidae (darners)Aphididae (aphids)Belostomatidae (giant water bugs)Braconidae (braconid wasps)Carabidae (ground beetles)Chrysomelidae (leaf and seed beetles)Chrysopidae (common lacewings)Coccinellidae (ladybugs)Coreidae (leaf-footed bugs)Culicidae (mosquitoes)Cynipidae (gall wasps)Dermestidae (dermestid beetles)Elateridae (click beetles)Formicidae (ants)Geometridae (geometer moths, inchworms, and loopers)Gryllidae (true crickets)Hesperiidae (skippers)Lampyridae (fireflies)Libellulidae (skimmers)Lucinidae (stag beetles)Lycaenidae (gossamer-winged butterflies)Miridae (plant bugs)Nepidae (water scorpions)Noctuidae (owlet moths)Notodontidae (prominent moths)Notonectidae (backswimmers)Nymphalidae (brush-footed butterflies)Papilionidae (swallowtails and parnassians)Passalidae (bess beetles)Pentatomidae (stink bugs)Pieridae (whites, orange-tips, sulphurs, and yellows)Reduviidae (assassin bugs)Riodinidae (metalmark butterflies)Saturniidae (giant silkworm and royal moths)Scarabaeidae (scarab beetles)Sesiidae (clearwing moths)Silphidae (carrion beetles)Sphingidae (sphinx moths)Staphylinidae (rove beetles)Stenopelmatidae (Jerusalem crickets)Tenebrionidae (darkling beetles)Tettigoniidae (katydids)Tipulidae (large crane flies) Subfamilies Arctiinae (tiger moths)Dynastinae (rhinoceros beetles)Scarabaeinae (dung beetles and tumblebugs) Genera Bombus (bumblebees)Camponotus (carpenter ants)Magicicada (periodical cicadas)Pepsis (tarantula hawks)Xylocopa (carpenter bees) Species Actias luna (luna moth)(hemlock woolly adelgid)Agrilus planipennis (emerald ash borer)Anoplophora glabripennis (Asian longhorned beetle)Apis mellifera (honey bee)Boisea trivittatus (box elder bug)Cimex lectularius (bed bug)Danaus plexippus (monarch butterfly)Epargyreus clarus (silver-spotted skipper)Halyomorpha halys (brown marmorated stink bug)Harmonia axyridis (Asian multicolored lady beetle)(cecropia moth)Hyphantria cunea (fall webworm)Lymantria dispar (gypsy moth)Malacosoma americanum (eastern tent caterpillars)Osmia lignaria (blue orchard bees)Papilio polyxenes (black swallowtail)Popillia japonica (Japanese beetles)Scutigera coleoptrata (house centipedes)Thyridopteryx ephemeraeformis (bagworm)​Vanessa cardui (painted lady)

Investigate Foreign Exchange Markets Research Paper

Investigate Foreign Exchange Markets - Research Paper Example The basic function of the foreign exchange market is to help in conversion of one currency to another. The fundamental thing here is to help achieve the goal of transferring of the purchasing power between two countries. This is made possible by the credit instruments. During the transfer process the foreign exchange market does the payments internationally. Another important function is the credit function which its role is to provide credit. This takes place both locally and internationally and it promotes foreign trade. The other function of foreign exchange market is the hedging process.The exchange rates in prices of one currency compared to another may vary and there might result to a loss or a gain. In that case, the party involved usually takes a high risk if there are huge amounts of net claims or liabilities which are to be met in foreign money. Exchange risks like such should be avoided or minimized if possible. The foreign exchange market provides the facilities of hedgin g to cub some of this problem encountered in the process. The forward market contributes in a big way to make it possible to hedge an exchange an exchange position. A forward contract goes for three months and it entails buying and selling of foreign exchange against another currencies during specific period. The primary market is where the securities are made and in this market is where firms sell new stocks and bonds to the public for the very first time. Initial public offering (IPO) is the same as the primary market. This is the pattern used in IPO: the company consults an underwriting firm to determine the legal and financial details of public offering. Then a registration statement is achieved from the authorities. The governing body must approve the statement which has got details on the price, benefits, and restrictions and this is issued to the people who are buying the securities (Machiraju, 2012). The purchasing power

Cellular pathology critical review assignment Essay

Cellular pathology critical review assignment - Essay Example ules A and B, which present viral peptides to the cytotoxic T-lymphocytes, thereby avoiding their clearance from the body which leads to establishment of infection and later malignancy. For the in vitro study immortalized human keratinocyte cell line HaCaT, primary bovine PalF cells and NIH 3T3 cell lines which expressed the HPV-16 E5 protein was used and some NIH 3T3 expressed HPV-6 E5. After subsequent culture, suitable immunological assays were carried out to detect the presence and localization of the MHC class I molecules in these cells. While in the control cell lines MHC molecules were localized both in the cell surface and within the GA, in the HPV-16 E5 expressing cells the molecules were found exclusively in the GA. The study also showed that HPV-16 E5 did not affect the synthesis of MHC molecules unlike BPV E5 and that the expression of the E5 protein did no affect the transporter protein responsible for the transport of MHC molecules. To determine the effect of interferon , all the cell lines were treated with interferon ÃŽ ², which resulted in all the cell lines having similar levels of MHC molecules and also the molecules were found on the cell surface in the E5 expressing cell lines thus proving that the inhibition on transport of MHC molecules is reversed upon treatment with interferon. The study also noted that E5 did not down regulate the expression of HLA-C and E, involved in inhibiting NK cell-mediated lysis. The two most striking limitations observed is: the study was carried out in vitro and in vivo reproducibility needs to be ascertained and secondly, the detection of the E5 protein was carried out by RT-PCR rather simpler techniques. The two major strengths include: this is the first paper to show the immune evasion mechanism by the HPV E5 protein and the cell lines used are a good model for understanding the mechanism and finally, the study explores the gene level expressions involved in the down regulation process of the MHC molecules. In

Determinants, Benefits and the Risks of Foreign Direct Investment for Assignment

Determinants, Benefits and the Risks of Foreign Direct Investment for Developing Countries - Assignment Example It is evidently clear from the discussion that for the host country, it provides new technologies, products, skills of management, capital, strengthens its currency and thus leads to economic development. However, these benefits are not realized automatically and evenly. Architecture of international investment and national policies are important in attracting FDI to many developing countries and in realization of its full benefits for development. Although FDI is beneficial to both host and home countries, it also arise some costs to them. The benefits which a host country expects rely on the co-operation of its government. In developing countries such as Kenya, FDI contributes a lot in their economic development and the governments are working extremely hard to attract it. Actually, the global market for these investments is highly competitive and countries seek them to improve their development efforts. Foreign Direct Investment is regarded to be less prone to a crisis because the direct investors usually have very long-term plans when engaging in such investments in host countries. It is also believed that FDI greatly contributes a lot to the economic growth of a host country than other types of capital inflows. Therefore, this paper seeks to critically examine the determinants, the benefits and the risks of Foreign Direct Investment in developing countries. It tends to broadly analyze the factors that attract foreign investments, the benefits that the country intends to gain from direct foreign investment and the dangers associated with these kinds of investments. Foreign direct investment determinants refer to the factors (political, economic and social factors) that can attract or deter foreign investors from investing in a particular country. Stable economy, political stability and good social status are likely to attract foreign investments. However, instability in these three areas will scare investors away.

Pestle analysis of indian tourism industry

Pestle analysis of indian tourism industry PESTLE Analysis of Indian tourism industry Introduction about the topic : It is time for Indias Tourism sector. Driven by a surge in business traveller arrivals and a soaring interest in India as a tourist destination, the year 2006 has been the best year till date. Incredible India !! India is probably the only country that offers various categories of tourism. These include history tourism, adventure tourism, medical tourism (ayurveda and other forms of Indian medications), spiritual tourism, beach tourism (India has the longest coastline in the East) etc. Explore India choose the locales of your choice, and see what each state has to offer. Lose yourself in the wonder that is India. Meander through lands steeped in chivalry and pageantry that begin before recorded history. Explore modern cities that have grown organically from the roots of a multi-hued past. Make a pilgrimage to holy shrines that echo with tales of antiquity. Frolic on a vast array of golden beaches that dot an enviable coastline, washed by two seas and an ocean. Sport with adventure in style. Let the jungle lure you to a fascinating world at a diverse array of wildlife sanctuaries and national parks. this is the wonder that is India. Indian Tourism industry is one of the most important export industries of the country. Although the international tourist inflow is relatively low, India has found tourism emerging as an important sector of its economy. Tourism yields substantial foreign exchange for India. It is turning into a volume game where a large number of participants are contributing to the revenue of the industry. Segments such as hotels, tour operators, airlines, shipping etc. Growth period of Indian tourism industry The tourism industry in India is substantial and vibrant, and the country is fast becoming a major global destination. Indias travel and tourism industry is one of them most profitable industries in the country, and also credited with contributing a substantial amount of foreign exchange. This is illustrated by the fact that during 2006, four million tourists visited India and spent US $8.9 billion. Several reasons are cited for the growth and prosperity of Indias travel and tourism industry. Economic growth has added millions annually to the ranks of Indias middle class, a group that is driving domestic tourism growth. Disposable income in India has grown by 10.11% annually from 2001-2006. Thanks in part to its booming IT and outsourcing industry a growing number of business trips are made by foreigners to India, who will often add a weekend break or longer holiday to their trip. Foreign tourists spend more in India than almost any other country worldwide. Tourist arrivals are projected to increase by over 22% per year through till 2010, with a 33% increase in foreign exchange. The Tourism Ministry has also played an important role in the development of the industry, initiating advertising campaigns such as the Incredible India campaign, which promoted Indias culture and tourist attractions in a fresh and memorable way. The campaign helped create a colorful image of India in the minds of consumers all over the world, and has directly led to an increase in the interest in tourism industry has helped growth in other sectors as diverse as horticulture, handicrafts, agriculture, construction and even poultry. Welcome to Incredible India Namaskar, Welcome to Incredible India! A journey into mysticism through the land of the unexpected. Bounded by the majestic Himalayan ranges in the north and edged by an endless stretch of golden beaches, India is a vivid kaleidoscope of landscapes, magnificent historical sites and royal cities, misty mountain retreats, colorful people, rich cultures and festivities. Modern India is home alike to the tribal with his anachronistic lifestyle and to the sophisticated urban jet-setter. It is a land where temple elephants exist amicably with the microchip. Its ancient monuments are the backdrop for the worlds largest democracy. If youre planning a holiday to India, looking for hotels and accommodation and events information or simply interested in India as a country you are sure to find many insights on the multifaceted travel options to India here.The timeless mystery and beauty of India can be experienced only by visiting this ancient Land. Theres just one thing youll need to travel through 5000 years of culture and tradition- A comfortable pair of shoes. The following table provides the major tourist attractions in India by state: < Tourist Attraction State Charminar Hyderabad, Andhra Pradesh Kaziranga National Park Assam Qutub Minar Delhi Mangueshi Temple Goa Shimla Himachal Pradesh Dal Lake Jammu and Kashmir Jog Falls Shimoga District, Karnataka Kovalam Beach Kerala Amarkantak Madhya Pradesh Ajanta Maharashtra Puri Orissa Golden Temple Amritsar, Punjab Jaipur Rajasthan Chennai Tamil Nadu Badrinath Temple Uttarakhand Varanasi Uttar Pradesh The various segments within tourism are: Medical Tourism It is one of the fastest growing segments in India. India has been able to leverage on certain advantages it has over other countries like highly skilled doctors, cost effective treatment, improved quality of private healthcare etc. Some of the common treatments for which overseas patients to come to India are heart surgery, knee transplant, cosmetic surgery and dental care. Indias traditional rejuvenation therapy like yoga and ayurvedic therapy are also becoming popular. Eco Tourism It is relatively new segment in India. It involves visiting natural areas without disturbing the fragile ecosystem. Eco tourism generates wealth for the local people, who in turn take measures to conserve and protect the environment and natural resources. India with its natural diversity is one of the pristine places in the world for eco tourism. The Himalayan region, Kerala, Northeast, Andaman and Nicobar Islands and Lakshadweep islands the Western and Eastern Ghats are some of the hot spots for eco tourism in India. India has some of the best wildlife reserves in the world, rich in flora and fauna. Heritage Tourism Heritage tourism is a very lucrative segment in India. It is widely believed it would emerge as the most important segment within tourism in terms of revenue generation by 2010.India has a rich cultural history and reflection of its glorious past is still visible in its numerous forts, monuments, palaces, places of worship etc. Heritage tourism itself can be further classified as colonial heritage, urban renewal, religious tourism, industrial heritage and ethnicity. The Indian government must show keen interest in preserving the heritage sites from a tourism perspective. Adventure Tourism Indias varied geographical and climatic conditions offer excellent opportunity for adventure sports. In recent times the popularity of adventure tourism has increased. Adventure sports like river rafting, rock climbing, mountaineering, trekking, skiing, snow climbing, scuba diving and angling can be undertaken in the country and the country offers multiple locations to choose from. The trans Himalayan region, the Garhwal and Kumaon mountains, the Western Ghats, deserts of Rajasthan, Andaman and Lakshadweep islands are some of the most popular destination for adventure tourism. Future trends The real GDP growth for travel and tourism economy is expected to be 0.2 per cent in 2009 and is expected to grow at an average of 7.7 per cent per annum in the coming decade. Earning through exports from international visitors and tourism goods are expected to generate 6.0 per cent of total exports (nearly $16.9 billion) in 2009 and expected to increase to US$ 51.4 billion in 2019. According to the Ministry of Tourism, Foreign Tourist Arrivals (FTAs) for the period from January to March in 2009 was 1.461 million. For the month of March 2009 the FTAs was 472000.The reason for the decline is attributed to the ongoing economic crisis. In spite of the short term and medium term impediment due to the global meltdown the revenues from tourism is expected to increase by 42 per cent from 2007 to 2017. PESTLE Analysis of tourism industry Definition The PESTLE framework is an analysis tool that is used to identify the key drivers of change in the strategic environment (Johnson et al., 2008). PESTLE analysis includes Political, Economic, Social, Technological, Legal, and Environmental factors. Political effect on tourism industry- Political violence has done considerable damage to tourism in Asia and the Pacific over the past few years. But industry experts say the damage is not necessarily permanent. Governments and industry leaders say much can be done to rebuild tattered tourism reputations. As the world watched, a small band of terrorists killed scores in Mumbai last November. Although India has often suffered from political violence, this attack aimed largely at travelers and foreigners was a new horror. The globally televised attack, coming during an international economic slump, contributed to an eight percent fall in tourist arrivals this year. In Thailand, tens of thousands of anti-government protesters laid siege to Bangkoks airports late last year, essentially trapping more than 350,000 travelers in the country for a week. Before that shock had worn off, a few months later, another group of protesters led violent riots in Bangkok. The two incidents added to the damage from the world economy cut tourist arrivals to Thailand by 20 percent in the first six months of 2009. Phornsiri Manoharn, the chairwoman of the Pacific Asia Travel Association, says many tourists still worry that Thailands political tensions could spoil their visits. When people saw any demonstration like that they associate with the closing of the airport, said Manoharn. Even [though] we dont close [the airport] but they look like the demonstration, that they might and thats why theyre afraid. Tourism is important to the Asia-Pacific region. In Southeast Asia, it contributes over three percent to economic output. In some parts of the region, tourism accounts for 10 percent of employment; in the Pacific island nations of Fiji and Vanuatu, the figure is over 30 percent. But as India and Thailand have seen, violence and instability quickly scare away visitors. Recovery comes, but usually more slowly than after natural disasters. John Koldowski is PATAs communications director. What we have seen in many cases is where there is some sort of intervention effect its been natural or no fault of anybody the rebound has been very quick, he said. Where there has been intent to cause harm as in the case of a say terrorist attack and where there has been a long history of such attacks occurring in that destination or nearby destination, it takes a little longer to come back. But with the right government and industry responses, visitors will return. For instance, in October 2002, bombs set off by Islamic militants on the island of Bali killed more than 200 people, most of them foreigners. The island, one of the worlds most famous tourist destinations, saw arrivals fall by 36 percent in 2003. Koldowski said the first bombings shocked the tourism industry. Bali is a classic case there it took some time [to recover] because it had never occurred there before it was so dramatic and affected specific western tourists, he said. But the Indonesian government cracked down on terrorists and boosted security. And tourism industry professionals worked hard to woo back visitors. When another attack three years later left 20 people dead, PATA reported that tourist arrivals were little affected. And twin bombings at international hotels in Jakarta last July are expected to do little damage to tourism. In South Asia, Sri Lanka and Nepal hope the end of long-running conflicts will entice more visitors. Sri Lankan officials say the end of a civil war earlier this year brought a surge of interest from foreign investors and hotel operators. Dileep Mudadeniya, Sri Lankan Tourism Promotion Bureau managing director, says there are opportunities for tourism, particularly in areas long closed off by the war. North and east, which have not actually taken any kind of development for the last 20 years, virgin beaches, land, monuments is available and the people also come and exploit something or look at something totally undiscovered, said Mudadeniya. We are going on the line which is undiscovered, unspoiled, an island of authenticity, which we can offer. In Nepal, political agreements have ended a Maoist insurgency that lasted more than a decade. The minister for Tourism and Civil Aviation, Sharatsingh Bhandari, says Nepals transition from conflict to peace is in itself a tourism draw. Now we are going to form a new Nepal. So giving the message for the New Nepal and inviting the people to see, not only the prospect of tourism itself but even the process of transition of the political system from bullet to ballot. That was done successfully by the Nepalese themselves, he said. Industry analysts say tourism in Asia is likely to expand rapidly over the next few years. But, the key, they say, is that governments find ways to prevent political violence, and act quickly to calm fears when it does happen. Economic effect on tourism industry- The service economy is driving growth in most OECD countries. It represents a large part of economic activity and its importance continues to grow. Tourism, a large, complex and fragmented industry which is still very difficult to define and measure, is a key component of the service economy (30% of international trade in services in the OECD area). In terms of revenue, OECD countries generate about 70% of world tourism activity. Tourism, which has expanded dramatically over the past 30 years, looks set to continue growing as societies become more mobile and prosperous. Obtaining better information on services, the least developed side of statistics, is an important challenge for statistical agencies and a necessity for political analysis. Measuring tourism is part of a wider move to improve our knowledge of how economies work, what they produce and what changes occur over time. It is no longer enough to measure physical flows (arrivals and overnight stays) and monetary data (revenue and expenditure relating to international tourism). In the early 1980s, the OECD began work to set up a model acceptable at international level which gave rise to the OECD Tourism Economic Accounts, which measure certain socio-economic aspects of tourism. While developing this tool, the OECD produced a more precise definition of tourism, visitors and tourist expenditure [Note: OECD (1996), OECD Tourism Statistics Design and Application for Policy]. Despite its economic importance, governments, especially in developed economies, still do not adequately recognise tourism. For this reason, the OECD has developed and recently approved the OECD Guidelines for a Tourism Satellite Account and an Employment Module. These integrated statistical tools aim to measure the economic aspects of tourism (value added, jobs, revenue, investment, profits) in order to provide a more convincing demonstration of this activitys economic significance. Furthermore, together with the United Nations, the World Tourism Organization and the European Commission (Eurostat), the OECD has developed a UN-WTO-OECD-EUROSTAT Tourism Satellite Account: Recommended Methodological Framework, approved by the 25-member United Nations Statistical Commission on 1 March 2000. A publication is available. Other work undertaken in this area includes statistical research. OECD and Eurostat regularly organise international forums on tourism statistics to share ideas, experiences and concepts with Member and non-members countries, the scientific community and the tourism industry. The United Kingdom, with the support of Eurostat and the OECD, organised the Fifth International Forum on Tourism Statistics (Glasgow, 20-23 June 2000). Similar forums have been organised in Vienna (1994), in Venice (1995), in Sintra (1996) and in Copenhagen (1998). Technological effect on tourism industry- Definition of Tourism Technology The convergence of industries has forced people to create terminology such as information technology, biotechnology, ubiquitous technology and even cultural technology to explain frequently talked about topics. Tourism Technology is a term that encompasses all social, cultural, managerial, and value-adding activities of the tourism industry. Tourism Technology also incorporates and encourages technological advancements and economic development in the tourism industry. The Origin of Tourism Technology Tourism Technology, initially based on the concept of cultural technology, is a more comprehensive term covering knowledge used to add to the value of tourism products on a micro level and the management of the travel and tourism industry on a macro level. New tourism products are also the end result of tourism technology combining with other industries. These include medical tourism, educational tourism, agricultural tourism, marine tourism and the application of information technology to the travel and tourism industry. Application of Tourism Technology The term technology can easily call to mind scientific achievements, computer graphic skills, special effects and other engineering-related images. However, Tourism Technology encompasses the integrated fields mentioned in the previous paragraph, statistics, managerial and socio-cultural know-how, and skills that the tourism industry can adopt to design, produce, and market various tourism products. In addition to coordinating various aspects of human resources in the travel and tourism industry, â€Å"Tourism Technology† describes a comprehensive field containing but not limited to such widely referred to subjects as entertainment technology, contents technology and creative technology. Software for Tourists One of the latest applications is software that permits tourists to customize their visits according to their preferences. Luis Castillo Vidal, computer engineer of the University of Granada and one of the authors of the study, points out that, in order to design the customized visit plans, they have used Artificial Intelligence techniques, â€Å"a science that provides computers with abilities to solve problems which, in principle, can only be solved by humans†. Users must have access to the internet, either through a computer, a mobile phone or a PDA, in order to be able to access a web where they can define their preferences and needs, such as their artistic, cultural and gastronomic preferences, their lifestyle and favourite hours, whether they are disabled or not and the spending capacity. Environmental effect on tourism industry- The quality of the environment, both natural and man-made, is essential to tourism. However, tourisms relationship with the environment is complex. It involves many activities that can have adverse environmental effects. Many of these impacts are linked with the construction of general infrastructure such as roads and airports, and of tourism facilities, including resorts, hotels, restaurants, shops, golf courses and marinas. The negative impacts of tourism development can gradually destroy the environmental resources on which it depends. On the other hand, tourism has the potential to create beneficial effects on the environment by contributing to environmental protection and conservation. It is a way to raise awareness of environmental values and it can serve as a tool to finance protection of natural areas and increase their economic importance. Three main impact areas: natural resources, pollution, and physical impacts Environmental impacts at the global level Other industry impacts on tourism How tourism can contribute to environmental conservation Social effect on tourism industry- Jamaica is primarily a sun, sea and sand destination and, therefore, the primary recreational activities of visitors include sun and sea bathing on the beaches. Tourists who visit Jamaica are, therefore, primarily involved in activities such as going to the beach, snorkelling, scuba diving and glass-bottom boating. Jamaicas tourism product is dependent on the coral reefs and their associated ecosystems such as seagrass beds and mangroves. These ecosystems are, however, threatened by natural causes and human behaviour such as coastal pollution, rapid coastal development, over-fishing and global warming. All parties involved (the citizens, the tourism industry and the visitors) have a vested interest in the management of the environmental resource base and an obligation to do their part to support this management. If the environment is degraded all parties stand to lose visitors will fail to come (or will be willing to pay less) and the countries will lose an important source of economic benefit. In other words the environment will produce reduced economic, ecological, and amenity benefits. Microeconomic theory is essentially the study of the equitable distribution of scarce goods or benefits. In this example the scarce benefit is the Jamaican beach tourism product. The economic theory provides approaches to making the demand and supply of these scarce benefits more efficient. Demand of the good in this case is the beach-lust (sun, sand, sea) tourism of Jamaica. This is in contrast to the wonder-lust tourism such as safaris, mountain climbing, cultural and heritage tourism that is observed in other parts of the world. The good is supplied at a cost which would include the traditional costs of, labour and capital etc. However when the cost of the provision of the good does not take into account negative externalities such as environmental damage, this results in market failure. If this market failure is not corrected it will result in a loss in social welfare (dead-weight loss). Jamaicas current tourism model is based on the construction of mega super inclusive resorts, which often require engineering solutions such as dredging, groyne construction and limestone blasting in order to create swimming beaches, and construct buildings a few meters away from the high water mark. Construction and operation of tourist facilities such as hotels and other attractions also result in significant alterations to the terrestrial environment, trees, insects, birds etc. Operation of these entities also results in the diversion of resources such as water and electricity which could have been used elsewhere in the society. MARKET FAILURE Increased construction activity in the coast provides relatively short term and low-skilled employment. The intermittent demand for this pool of labour often results in the proliferation of unplanned settlements and squatter communities that are established close to the resort areas. These settlements are typically located in the hills and mountains above the coast. The creation of these communities results in the destruction of the watershed in these areas as well as inadequate sewage treatment and solid waste management. All of which contribute to reduced environmental quality; for example, reduced water quality as a result of increased nutrients and turbidity in the coastal waters. The simple economic analysis of Jamaicas tourism model outlined above suggests that market failure exists. The fundamental reason for the market failure associated with Jamaicas tourism model is the fact that the economic rent associated with the natural environment is not captured by the people of Jamaica. Economic rent is an excess return on an asset, a profit above normal market rates of return. Rents usually arise from assets that are scarce and fixed in supply. Beachfront property is a very good example of the type of assets that will yield economic rent. Or another example is the higher property costs in Coopers Hill or Beverly Hills when compared to Havendale or Mona, the economic rent (or value added) in this case being a view of the city. It can be argued that economic rents such as the beauty and natural environment should accrue to the people of Jamaica and not to foreign tourists or tourism operators. Rents are essentially a type of payment for the use of the resource. So the first reason for market failure is that there is no real capture of economic rents. A second example of market failure is that these tourism entities that are currently gaining all of the rents are also not accounting for the negative externalities of their activities. For example, hotels do not pay for the true costs of pollution and negative impacts associated with the use and operation of their facilities. However the problem of market failure does not stop here. As with several other Caribbean nations, the development of the tourism industry is heavily subsidised by the Jamaican government. Hotels and attractions are given tax holidays (e.g. no taxes for 10, 15, 20 years), duty is waived on imports of construction materials among other things. Additionally, the Governments facilitation such as fast-tracking permit requirements and their suspected role in circumventing environmental and planning regulations can reduce costs to investors and also be viewed as a subsidy. So in addition to the non-capture of rent and ignoring negative externalities, government subsidies to the tourism industry through tax holidays and other waivers also exacerbate the problem of market failure. This in turn means that the welfare of the society i.e. the Jamaican people is even more reduced. POSSIBLE REMEDIES As was highlighted above correcting market failures can be achieved through the implementation of taxes. In the case of Jamaicas coastal tourism this would mean that investors are forced to internalise environmental costs. This would theoretically lead to better environmental management and sustainable development of the tourism industry. However, given the current political climate in Jamaica and the influence of the tourism industry players this suggestion is likely to be received with hostility. Given this fact a more feasible way of capturing some of the economic rent is to capture a small portion of the benefits that accrue to the visitors to the island. This would be through the use of the existing system of arrivals taxes from cruise and stopover visitors to the island. However, unlike the current system where the charges are often hidden in room surcharges or airline tickets the additional environmental tax should be explicitly identified. HIDDEN COSTS There are, of course, wider questions of the true economic contribution of tourism. Clearly tourism is very important to Jamaicas economic sustainability. The Jamaican tourism industry accounts for 32 per cent of total employment and 36 per cent of the countrys GDP according to many studies. However, based on some of the market failures described above, are there more costs that are not being considered? Tourism has many hidden costs, which can have unfavourable economic effects on host countries such as Jamaica. The direct income for a country is the amount of tourist expenditure that remains after taxes, profits, and wages are paid and after imports are purchased; these subtracted amounts are called leakage. For the all-inclusive tourism model, studies show that about 80 per cent of travellers expenditures go to the airlines, hotels and other international companies, and not to local businesses or workers. In addition, significant amounts of income actually retained at the destination level can leave again through leakage. For example, the profits gained by foreign-owned tour operators, airlines, hotels, are repatriated to their home countries. Estimates made for Third World countries range from 80 per cent in the Caribbean to 40 per cent in India. In laymans term, on average, of each US$100 spent on a vacation tour by a tourist from a developed country, only about US$5 actually stays in the developing-country destinations economy. The current tensions between local craft vendors, restaurants and other service industries and large resort chains are all too common and point to the problem of leakage. Super inclusive hotels do not encourage guests to venture outside the walls of the hotel and so most of the tourists experience is limited to the entertainment as well as the sun, sea and sand activities available at that location. One could say that Jamaica the country is not the destination, it is actually the resort that is the destination. More comprehensive studies on this issue are urgently required by our academic institutions in the region. Caribbean researchers have a responsibility to provide balanced information that can enrich the discourse between all the relevant stakeholders. Much of the discourse is driven by short sightedness and politics on one side and passionate advocacy on the other. Too often the arguments of the contending parties (developers versus environmental advocates) are not supported by balanced information. Legal effect on tourism industry- MUSCAT Tourist traffic into the Sultanate is projected to scale new highs next year on the back of a raft of major initiatives, most notably an aggressive campaign targeting new markets, according to the Under-Secretary of the Ministry of Tourism Mini

Business Entrepreneurs :: Business Development

The entrepreneur is the pioneer, the managers the applier of existing best practices. The entrepreneur engages in strategic activity, the managers need to focus on tactical or operational activity. The entrepreneur formulates a strategy, the manager implements that strategy. Business success will depend on the continuing renewal and application of the entrepreneurial spirits. Business success depends on the application and an efficient management team. The attrition rate of any new business is extremely high. In the US, the supporter of the entrepreneurial spirit, numerous new enterprises will fail each year. However in a long-term historical perspective, business success is short-lived. Only a handful of the largest companies with break even status existing in any country at the beginning of the twentieth century will exist today. Even those enterprises that is likely to be unrecognizable as the original creations. The causes of small-business failure depending on the study cited ra nge from inadequate accounting systems to inability to cope. Finally Growth of underlying problem appears to be an overall lack of strategic management beginning with an inability to plan at strategy to reach the customer and ending with a failure to develop a system of controls to keep track performance.' What considerations should small business entrepreneurs keep in mind when they are deciding whether a company should follow a growth or a stability strategy? The launch of any new ventures, which is best undertaken with a detailed understanding of the resources available and the strategic actions needed to achieve project objectives. There should be an indication of what should be done in various contingencies. In other words, a new venture needs to be planned in a detailed manner. This is situation an above. Frequent lack of any such planning, even significant strategic management, will help to explain the extremely high attrition rate for small businesses in all types of economy. Companies may however, choose a stability strategy because the entrepreneur is mostly generating employment for family members. Providing the family a "decent living†, and being the "boss" of a firm small enough that he or she can manage it comfortably. Finally some business owners don't pursue a growth strategy because they do not want the loss of control that results from bank debt or the sale of stock to outsiders. Question 12 What are advantages and disadvantages of privatization of state- owned business? The privatization of state-owned business enterprises is likely to continue globally for most of these enterprises must expand internationally in order to survive in the increasingly global environment.