Global Business in Emerging Regions Essay Example | Topics and Well Written Essays - 3500 words - 2

Global Business in Emerging Regions - Essay Example Ltd (OGES) Present market: USA and European market Emerging market: overall Africa and especially Nigeria Cause of moving out: Over saturation in the present market and poor economy Advantage: Business expansion and market diversification Main challenge: Poor infrastructure and political problem Entry strategy: agency formation and hire- purchase strategy News Link: The assignment has taken a clue from news with the headline â€Å"Africa’s Richest Man Bets Big on Oil Refinery† published in Wall Street Journal. (http://online.wsj.com/news/articles/SB10001424052702304607104579210322347689090). The news tells that a Nigerian man Aliko Dangote, the richest man in entire Africa for last two decades is going to step in oil refinery business. The estimated investment is $9 billion for coming two years to construct the largest private refinery in Nigeria. It is expected to produce more oil compared to any African country. PART A Company & Industry Analysis Company overview: In this case it is supposed that the certain organization (OGES) is a manufactures of tool and machineries, which are used in oil refinery business. The organization manufactures valves, liquid level gauges, digital flow meters, intube exchangers, electrically heated exchangers and many more equipments used in refinery facilities. Basically it is an ancillary company of oil and gas exploration and refining sector. Industry/Sector Overview: Many big companies across the globe are present this business. Companies which are making equipments for oil and gas refineries like Armstrong Engineering Associates, Inc. John C. Ernst Co., Inc and Shangqiu Jinyuan Machinery Equipment Co Ltd. are the competitors of the business. The level of competition is fair and health. These peer organizations have an association in the form of chamber of commerce to discuss and address the sector specific problems. The company has operation in the US and European market. Saturation in the Present Market: It is known that the US and European market is highly saturated and overcrowded. Manufactures from other areas like Chinese and Indian companies are giving tough competition in the US and European market. More over the economies of these two areas are not growing. So much so that dome countries are reporting negative figures. The problem has started in 2008 with the initiation of sub prime crisis. It is nearly six years; the problem has not been solved. It is very difficult to run a business in such a country which is not growing. Limited expansion opportunities and limited marketing scopes restrict the business to grow further. But if a business is not growing it is actually lagging behind its competitors because they are growing. So if a particular market or region is not working favorably, it is advisable to focus on other areas. Market diversification and product diversification should be the regular agendas for a successfully running business over a long period of time. Identificatio n of Emerging Market: But it not only diversification it wants to spread its wings in others areas as well. In this contest, Nigeria, a Sub-Saharan-African country is considered as the destination. Because the organization thinks that Africa in general and Nigeria in specific can be viewed as the emerging market. The growth of overall African economy is much better than the US and European economy. It is always advisable to bet on something which is rising or growing rather that which is facing

Big Brothers Big Sisters Mentoring Activities --Savannah, GA Essay

Big Brothers Big Sisters Mentoring Activities --Savannah, GA - Essay Example The organization is undoubtedly one of the best charitable organizations in the area. The chapter is highly effective considering most of the activities the organization offers here. Its impact is widely felt through the contribution it has made to the children of this area. Firstly, volunteers are deployed through a highly rigorous process. This is done by thoroughly screening everyone coming in to offer services. This is done through interviews as well as background investigations. This way the organization is able to provide top-notch level of services to the children. In addition, most of the reports from the officials indicate that there is a notable positive effect among youth (Stone, 2009). Looking at the programs offered by the organization, I would more likely classify them as prevention measures than diversion. This is so because, the services provided by the volunteers are focused in making the young people gain good values that are generally acceptable in the society. The y are keen in coaching the youth on how to keep away from harmful behavior such as using illegal drugs and criminal activities. Although there are other programs that aims at helping this generation of kids become more diverse as far as their careers is concerned, the main goal is to bring up children of high morals (Jano, 2008). Another reported outcome of the program is bringing up self-confident young people who can easily mingle with other people. BBBS Chapter Programs / Competition The local chapter offers a variety of programs that have become so successful in achieving positive results. The mentoring programs are set up based on the needs of the children. The mentors in different programs come from all walks of life and the organization matches these experts with the requirements of the young people seeking guidance. One of the most common programs is the academic mentoring. Here, an experienced college professor participates in mentoring a student through a particular projec t. Secondly, there is the career mentoring that aims at guiding youth through career choices and along the path of career chosen. Lastly, there is the personal development mentoring that provides counseling to young people when they are experiencing personal crisis (To’angutu, 2005). This also helps children with less privileged lives. The activities of the programs mostly leave other social service organization with less to offer, due to their wide support in terms of funds and staff, the BBBS has the competitive edge. The organization has reduced expenses since they do not incur staff expenses; they also have so many experts at their disposal who mostly volunteer their services to the program (Stone, 2009). The other organizations should try to specialize with offering social services that are not covered by BBBS. This will decrease the level of competitions that would otherwise arise from offering the same services as BBBS. BBBS versus Juvenile Justice System BBBS goals di ffer from those of the juvenile justice system. The latter is determined in rehabilitation of children accused of committing criminal offences. This is very different from the goals and the role of BBBS, which is guidance and counseling. The juvenile justice system only focuses with helping the children who are on the wrong whilst the BBBS focus on every child. Another difference is that the Juvenile justice system has the interest of the community at large where they aim at