Manoj Jayaswal and Mr. Darda are both doing is very unethically incorrect. They're both abusing their power to benefit them financially, while the remainder of the country suffers due to no electricity being distributed into the country. Jayaswal is involved in a $34 billion dollar coal mining scandal where he and other politicians are gaining large profits by control large portions of the country's natural resources. The country of India has over 300 million people living without having electricity being distributed to their areas, which is resulting in them living in a blackout. The leaders of the country had proposed a pledge to spread power plants to insure electricity in every edge of the India, but it has yet to be fulfilled. These wealthy men have no interest in social sustainability, but just in their personal wealth and well being. Mr. Darda is a locoal lawmaker, who is a good person to keep on your side to be able to bend the law to your liking.
The only advantage Jayaswal is seeing is this situation is the wealth. People with this kind of power keep these coal fields and either sell them to sell or aluminum plants for millions, or keep them as assests for future use/investments. There are way more disadvantages, such as the downfall of a country where the majority of its inhabitants are struggling, while the few wealthy are able to maintain a good life and not worry about economic issues.
The moral reasoning that motivated Jayaswal decision to engage in this conduct would have to be "individualism view. Individualism view: "does a decision or behavior promote one's long-term self-interests?". Clearly Jayaswal motives are to benefit himself, and making sure that whatever economic moves he makes will benefit him in the long run. As its quoted in the text
"whoever has a master key wants to eat up all of India. whoever doesn't have a key is struggling to survive".
Upon reading this article, I was able to look up other issues that are going on in that country and have come to the conclusion that corruption is no where near on a decline. According to http://www.bbc.co.uk, there have been been several telecommunication scandals going on. "In February 2012, the Supreme Court cancelled 122 telecommunications licences to companies in 2008." Apparently a former prime minister was mis-selling bandwidth to the country. This was called one of the countries biggest scandal. Also
Links:
http://www.bbc.co.uk/news/world-south-asia-12769214
http://www.economist.com/node/21560301
Sunday, September 30, 2012
Sunday, September 16, 2012
Zara International
Fast fashion has become very popular through out the years and has become a serious when it comes to bringing styles of the runway into the hands of stores in the in a matter of days. One of the leading clothing businesses that is excelling in this fast fashion and has learned the ropes of making this style of business work has been none other than Zara International. As quoted in the text, "no business does fast fashion better than Zara International". With shoppers all around the globe, 77 countries to be exact, they have been able to provide customers with the latest of fashion trends without charging them an arm or a leg.
Elements of the classical management approach can still be found evident at Zara International which is a leading cause in their success at attempting fast fashion. Classical management consists of three different techniques. Fredrick Taylor's scientific management sought efficiency by identifying the best way to perform tasks. According to the text, Zara has been able to remove wholesalers and intermediary partners from the middle, which allows them to cut profits and keep more for themselves. They found that the best way to be more efficient and getting the products out to the consumers quicker is by internalizing may points in the supply chain. They design, distribute, produce and control retail sales internally helping their profits, which is up 63%. Another look at Taylor's scientific management can be seen in how Zara's parent company, Inditex, has been able to supply customers with fast fashion by eliminating shorter delays in products that were showcased on run ways. The company has a team of over 200 professionals to stay on top of the latest fashion, with this being the most efficient way to perform this task, it only takes the company two weeks to update trends and get them to the stores, and new styles hit the market twice a week.
Operations Management can be seen clearly in the way Zara International operates. Operations management refers to the administration of business practices to create high level of efficiency possible, the company has been able to improve its inventory management by having store managers track sales by handheld computers. This has enabled them to keep track of items that are selling quick and which aren't. This then lets designers know to put together another style and remove the one that isn't selling. New styles are taken into the store in matter of days and many others styles are not replenished which gives them exclusivity and makes the consumers buy them immediately.
Contingency thinking by definition, is the best way to manage depending on circumstances. Zara has been able to still open up over 1,500 stores around the world, and has generated 72% of international revenue and 67% of revenue to the Inditex Group. How can a company do so well while we're in recession? Well Zara has used some brilliant strategies to stand out while many companies fail. For example, the company strategically places its stores in high end shopping streets such as New York's 5th Ave near flagship stores of very high end fashion brands. With prices much lower to those of the high end brands, this attracts many customers and helps them gain the sales. They successfully managed a company despite some economical circumstances, and have gained victory against competitors such as H&M and The Gap.
After reading this article on starts to wonder if Inditx and Zara are still doing as good as what has been read. Well according to abs-cbnnews.com, Inditex and Zara has been doing very well. In this article that was posed on 6/15/2011 it states that for the first quarter profit, February-April, they have totaled 332 millions euros, which is up 10.3% compared to the previous year. In the financial year ending on the 31st of January, they have reported a 33% jump in profits, as well as opened up a store in Australia. There have been reports that many of the clothing provided by Zara have been considered a bit too small for the American consumers (www.economist.com). The article states that the company has been struggling a little bit in the United States due to its slim cut which may not necessarily fit many of the women. The company has been aware and has combated this problem by now providing extra large sizes according to an article at www.tmcnet.com. Inditex has seen this issue has fixed the problem by providing a larger size to fit those who aren't so slim.
Links:
http://www.abs-cbnnews.com/business/06/15/11/zara-owner-sees-soaring-profits-international-expansion
http://www.tmcnet.com/usubmit/2012/06/02/6342690.htm
http://www.economist.com/node/21551063
Elements of the classical management approach can still be found evident at Zara International which is a leading cause in their success at attempting fast fashion. Classical management consists of three different techniques. Fredrick Taylor's scientific management sought efficiency by identifying the best way to perform tasks. According to the text, Zara has been able to remove wholesalers and intermediary partners from the middle, which allows them to cut profits and keep more for themselves. They found that the best way to be more efficient and getting the products out to the consumers quicker is by internalizing may points in the supply chain. They design, distribute, produce and control retail sales internally helping their profits, which is up 63%. Another look at Taylor's scientific management can be seen in how Zara's parent company, Inditex, has been able to supply customers with fast fashion by eliminating shorter delays in products that were showcased on run ways. The company has a team of over 200 professionals to stay on top of the latest fashion, with this being the most efficient way to perform this task, it only takes the company two weeks to update trends and get them to the stores, and new styles hit the market twice a week.
Operations Management can be seen clearly in the way Zara International operates. Operations management refers to the administration of business practices to create high level of efficiency possible, the company has been able to improve its inventory management by having store managers track sales by handheld computers. This has enabled them to keep track of items that are selling quick and which aren't. This then lets designers know to put together another style and remove the one that isn't selling. New styles are taken into the store in matter of days and many others styles are not replenished which gives them exclusivity and makes the consumers buy them immediately.
Contingency thinking by definition, is the best way to manage depending on circumstances. Zara has been able to still open up over 1,500 stores around the world, and has generated 72% of international revenue and 67% of revenue to the Inditex Group. How can a company do so well while we're in recession? Well Zara has used some brilliant strategies to stand out while many companies fail. For example, the company strategically places its stores in high end shopping streets such as New York's 5th Ave near flagship stores of very high end fashion brands. With prices much lower to those of the high end brands, this attracts many customers and helps them gain the sales. They successfully managed a company despite some economical circumstances, and have gained victory against competitors such as H&M and The Gap.
After reading this article on starts to wonder if Inditx and Zara are still doing as good as what has been read. Well according to abs-cbnnews.com, Inditex and Zara has been doing very well. In this article that was posed on 6/15/2011 it states that for the first quarter profit, February-April, they have totaled 332 millions euros, which is up 10.3% compared to the previous year. In the financial year ending on the 31st of January, they have reported a 33% jump in profits, as well as opened up a store in Australia. There have been reports that many of the clothing provided by Zara have been considered a bit too small for the American consumers (www.economist.com). The article states that the company has been struggling a little bit in the United States due to its slim cut which may not necessarily fit many of the women. The company has been aware and has combated this problem by now providing extra large sizes according to an article at www.tmcnet.com. Inditex has seen this issue has fixed the problem by providing a larger size to fit those who aren't so slim.
Links:
http://www.abs-cbnnews.com/business/06/15/11/zara-owner-sees-soaring-profits-international-expansion
http://www.tmcnet.com/usubmit/2012/06/02/6342690.htm
http://www.economist.com/node/21551063
Sunday, September 9, 2012
About Me
Good Evening Everyone,
My name Is Axel Aquino and I am a Corporate Communications Major with a minor in Japanese. The reason why I have chosen this major is because my goal is to work for a major music label by the time I graduate Baruch College. I am a very huge music enthusiast and would love to work in a field where my passion lies. Eventually I plan to move up and become an A&R, or Artist and Repertoire for those who aren't familiar with the term. It entails scouting for new music and developing artists as well as serving as a direct link from the artist to the record label as well as handling negotiations, discovering songwriters and producers and reviewing demos. I have also been audio engineering for several years and would like to attend school to develop this skill further. Through out the years I have opened up to various types of music and have become very interested in the jazz genre as well as classical music. I'm opened ended to any form of music and would gladly listen to it with an open mind. Personally I'm very big on Hip Hop, I know there is a lot of negative connotations with this genre, but mainstream has polluted and tainted with this art is really about. Also, I love instrumentation and I'm fascinated by the sounds of the guitar, saxophone, violin, piano, drums and countless other instruments. Eventually I would love to own my own label and recruit artists that truly have a passion for music and what it stands for. I'm an advocate for good music and believe that good music will always be heard. Thanks for taking the time out to read a little bit about me, if there is any questions don't hesitate to ask or make conversations about music. Although I'm shy and quiet at first, I'm very amicable and laid back.
-Axel
My name Is Axel Aquino and I am a Corporate Communications Major with a minor in Japanese. The reason why I have chosen this major is because my goal is to work for a major music label by the time I graduate Baruch College. I am a very huge music enthusiast and would love to work in a field where my passion lies. Eventually I plan to move up and become an A&R, or Artist and Repertoire for those who aren't familiar with the term. It entails scouting for new music and developing artists as well as serving as a direct link from the artist to the record label as well as handling negotiations, discovering songwriters and producers and reviewing demos. I have also been audio engineering for several years and would like to attend school to develop this skill further. Through out the years I have opened up to various types of music and have become very interested in the jazz genre as well as classical music. I'm opened ended to any form of music and would gladly listen to it with an open mind. Personally I'm very big on Hip Hop, I know there is a lot of negative connotations with this genre, but mainstream has polluted and tainted with this art is really about. Also, I love instrumentation and I'm fascinated by the sounds of the guitar, saxophone, violin, piano, drums and countless other instruments. Eventually I would love to own my own label and recruit artists that truly have a passion for music and what it stands for. I'm an advocate for good music and believe that good music will always be heard. Thanks for taking the time out to read a little bit about me, if there is any questions don't hesitate to ask or make conversations about music. Although I'm shy and quiet at first, I'm very amicable and laid back.
-Axel
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