The Benefits and Disadvantages of Free Trade

Diagram The World Trade Organization is the sole worldwide body that manages reasonableness in exchange among countries. It plans decides to guarantee that huge economies and little economies are at standard in monetary development. Be that as it may, its strategies and recommendations are not well known with most nations.Advertising We will compose a custom paper test on The Benefits and Disadvantages of Free Trade explicitly for you for just $16.05 $11/page Learn More Its points are to encourage request and flexibly by guaranteeing that makers of merchandise and ventures figure out how to send out their items and those that don't create figure out how to import what they need. Through its enrollment, World Trade Organization encourages two significant world gatherings. The Doha Development Agenda is an exchange arrangements gathering. It is intended to accomplish weighty changes in the way in which world economies lead their exchange. The forum’s plan is to infuse modified p rinciples and to improve the universal exchange framework through precise presentation of negligible exchange limitations. It was formally propelled in Qatar in 2001. Pastors of separate nations entrusted with business, exchange, and once in a while fund go to the discussion. Each clergyman goes to the table to air their countries’ sees. The Doha improvement plan covers around 20 basic zones of world economy, which incorporate farming, administrations, imports, trades, protected innovation, among others. World Trade Organization’s backing for nothing worldwide exchange has not been well known with lion's share of the countries. Albeit unhindered commerce has numerous advantages instead of shut exchange, numerous nations see organized commerce adversely and cut down any endeavors at making the world economy liberated from national and territorial obstructions. For instance, in 2003 during the discussions that were held in Caucun Mexico, the world saw gigantic fights. Th is was the third clerical gathering with a similar plan: attempting to break the gridlock that had been knowledgeable about the last two sittings since the first round in Qatar. The second significant discussion encouraged by World Trade Organization is the World Trade Forum. This gathering looks for shared opinion on how nations can cooperate in handling normal worldwide issues that go past the requirement for monetary joining. This remembers the requirement for improvement for significant regions, for example, training. Significant economies and their pioneers ordinarily go to it.Advertising Looking for article on worldwide relations? How about we check whether we can support you! Get your first paper with 15% OFF Learn More They audit objectives and targets, for example, thousand years advancement objectives. This discussion is generalist contrasted with the Doha round of dealings. Notwithstanding, note that the two of them champion for a progressively evolved world, which provid es food for the need of everybody. The accompanying standards control WTO. Rule of Non-Discrimination: It requires a WTO part to apply comparative exchange conditions while executing with all WTO individuals. It just infers that the WTO individuals should treat other in a great way. Likewise, if some help is reached out to one individual from the WTO in a specific exchange, comparable treatment ought to happen to some other WTO part if there should be an occurrence of a comparable exchange. Correspondence: This standard backers for countries to do shared things to one another. For instance, decrease of exchange levies ought to be shared and equivalent in measure. Markets ought to be more liberated on the two sides of the range. Hindrances confining such exchange should successfully boil down to empower all the more exchanging for shared development and advantages. Consistency: World Trade Organization suggests that any understandings showed up at ought to be authoritative and long h aul. Any part ought not conclude discretionarily to change any terms or conditions. This offers certainty to individuals, financial specialists, governments and some other partners. It is a decent fixing to advancing more advantageous relations and developing economies. The subjects that address this guideline incorporate market-opening responsibilities, duty rates, and exchange obstructions. Valuable to Less Developed Countries: This is a basic guideline. Be that as it may, lately and in the past many created nations have abused this rule. It suggests that immature nations ought to appreciate extraordinary benefits when managing monetarily solid economies. This will empower them to appreciate more prominent perceivability and adaptability in the commercial center. Toward the beginning of the alleged understanding, it encourages these economies to conform to the current monetary condition. Modifications incorporate sharpening of its residents and auxiliary changes, which might be a lot simpler for the enormous economies.Advertising We will compose a custom paper test on The Benefits and Disadvantages of Free Trade explicitly for you for just $16.05 $11/page Learn More Competitive and Fair: The WTO firmly exhorts that a reasonable and level playing field should exist for all countries. Each nation ought to reasonably contend and general human guidelines maintained. It demoralizes strange practices, for example, subjective dumping of old items to underdeveloped nations. This training normal among the created nations is uncaring and selfish. It additionally conflicts with United Nations Charter. Others incorporate unjustifiable fare endowments and modest items advancement to pick up piece of the pie. In the event that facilitated commerce is valuable to countries, for what reason does it face such antagonistic vibe? How can it be that since its definition in 2001, Doha round of exchanges didn't record any achievements until 2011? Does it imply that since the sign ificant economies had been encountering huge development in their economies before 2011, they didn't think that its important to remember different countries for their exchange? These appropriate inquiries portray enormous economies as insatiable. They likewise call attention to the best lacuna in these discussions where greater part of the countries with the vote are huge economies that need to hold the interests of others. This paper will break down the advantages and weaknesses of unhindered commerce and investigate the reasons why endeavors equipped towards this are hampered. Moreover, this paper will fundamentally examine the condition of the worldwide economy and explanations behind the present status considering presence of a hopeful facilitated commerce among countries. Condition of the Global Economy Since the World War 2, political deterioration has been on the ascent. There is presently multiple occasions the quantity of autonomous nations than there were toward the finis h of the war. Political crumbling has at times been acknowledged with development as nations endeavor to concoct approaches to support financial plans, increment security, and be applicable to its residents. Significantly, political breaking down has prompted financial crumbling. Albeit a few market analysts contend that this prompts advancement in particular nations, as noted above, greater part are of the feeling that joining of financial, financial, and money related approaches that are outfitted towards the advantage of all countries have sweeping advantages than the former.Advertising Searching for paper on universal relations? We should check whether we can support you! Get your first paper with 15% OFF Find out More The worldwide economy can be delegated sporadic groups of greedy political and financial mixes, which offer insignificant, assuming any, advantages to the less performing economies. The political and financial incorporation of Euro Zone is an ideal model. These nations have abridged sovereign financial policymaking and designated that to the European Union. In future, this was relied upon to proceed until the ongoing Euro Zone emergency that was realized by wild acquiring by certain individuals. There is negligible monetary coordination world over since most huge economies are keen on vesting their inclinations to the detriment of littler economies. This brings a wedge of sharp question and produces silly coordination with insignificant advantages. Instances of arrangements that may not be viable incorporate NAFTA, COMESA, EAC, among others. The way that nations can without much of a stretch draw out of these monetary bodies lessens their believability and waters down their endeavors . Henceforth, the world economy is firmly watched with insignificant opportunity to lead exchange. Also, there is insignificant decency in the game with nations that can deliver merchandise efficiently wrongfully sending out these items to nations that produce them at a greater expense. This basically murders exchange. Since the money related emergency began in the United States and immediately spread in different countries, numerous nations have limited their need to import with an end goal to seem to help their sickly economies. This was especially educated by falling work levels in numerous nations. Numerous lobbyists would scrutinize government on the off chance that it imported any merchandise or administrations that could be delivered locally. This prevented development in facilitated commerce and nations keep on being watchful. For instance, in South Wales, when the legislature imported police regalia and firemen gears from an Australian firm, there was mass scorn from lobbyi sts and residents. This has been the situation in United States, Europe and a large group of different nations. Consequently, these endeavors to focus on developing national economies and securing them have prompted the customary counterfeit hindrances that confine facilitated commerce. Favorable circumstances of Free Trade Free exchange may not be a reasonable exchange however it has numerous advantages. Governments erect limitations that confine development of products and ventures between nations. Governments do this through utilization of sponsorships and taxes to hamper unhindered commerce. Regularly, this is planned for shielding local creation from worldwide rivalry. In any case, organized commerce has its advantages. In the first place, it permits nations to have some expertise underway of merchandise and enterprises that they have near favorable position. This specialization realizes effectiveness, economies of scale, and builds yield, which brings about expanded creation. Second, unhindered commerce prompts

The Training Issue essays

The Training Issue papers We previously said that the Commission was worried about the level and degree of preparing gave by Americas organizations. The National Alliance of Business cited Bureau of Labor Statistics study information to plot the degree and pay-off from laborer preparing. They found that bigger organizations are more adept to take part in preparing than are the medium and little estimated firms. Producers are increasingly able to give preparing in fundamental abilities; non-fabricating preparing will in general be more occupation aptitudes arranged. Laborers with the most instruction in any case are likewise the laborers generally able to get preparing from all parts in the economy. Administrators regularly get minimal measure of train ing of all activity arrangements. Bigger firms are increasingly arranged towards work aptitudes preparing that are medium and little measured firms. At last, the utilization of outside preparing suppliers is expanding rather than in-house preparing. From the representatives perspective, preparing pays. Over 80% report that they picked up aptitudes from preparing. Just 19% announced that preparation prompted more significant salary. 40% felt that activity preparing was fundamental for future headway in their specific occupation. It is commonly concurred that there is a current talented specialist lack in the country. Given that, why isnt there all the more preparing by American organizations? Since medium and little estimated firms are the quickest developing as far as business, why arent these organizations progressively occupied with the preparation procedure? Cost is a factor, obviously. Be that as it may, cost is most likely not the central point. With the decreased steadfastness of firms to representatives combined with decreased devotion to firms with respect to workers, would it be able to be that organizations are worried about paying the expenses of preparing a representative just to lose that representative to different firms? This is of specific worry in close work markets. Maybe littler firms feel they are especially helpless against the potential loss of gifted workers and ... <!

Free Essays on Belly Dancing

Hip twirling There have been numerous speculations about the root of hip twirling. Hip twirling originates from the Arab expression Bella D which implies local move and local cadence. Hip twirling is followed path back to 3500 BC from the Ferro’s. All things considered, hip twirling can likewise be found in Northern Africa, Greece, Egypt, Allegros, Morocco, Northern Turkey, Northern India and the Mediterranean. Hip twirling is likewise a type of correspondence that tells a women’s perspective and communicates feelings. The first run through this kind of moving was brought into the U.S. was in 1893 at Chicago’s world reasonable. At that point in the mid 1900’s little Egypt made hip twirling famous and stretched out right to Broadway and Hollywood. There are three significant kinds of hip twirling that is rehearsed and acted in the United States. One of them being American Nightclub, two-American Tribal, and three-Modern Egyptian Nightclub. All the more in this way, Oriental Dance has impacted the development of Modern Dance in the hands of pioneers Ruth St. Denis and Isadora Duncan. The Orientalists were Europeans who visited the Middle East during the 1800’s. After their visits to Europe they came back to their countries that fascinated them either to compose or make artistic creations. As a rule, individuals utilized their incredible imaginative permit in their attempts to titillate their comrades back home with anecdotes about colorful, hot, scarcely dressed ladies. In some cases without seeing these gut artists, individuals would utilize their creative mind and make these astonishing artworks of a picture they made all alone. Be that as it may, others were only praiseworthy of their way of life and painted from thei r internal most otherworldly emotions. There isn’t only one explicit sort of hip twirling that is performed far and wide. There are a wide range of kinds of hip twirling. Such moves incorporate Floor work, Gypsy, Flamenco and Middle Eastern Dance, Hagallah, Snake, Trance and Veil are only a portion of the more natural and tradi... Free Essays on Belly Dancing Free Essays on Belly Dancing Hip twirling There have been numerous speculations about the starting point of hip twirling. Hip twirling originates from the Arab expression Bella D which implies local move and local beat. Hip twirling is followed path back to 3500 BC from the Ferro’s. By the by, hip twirling can likewise be found in Northern Africa, Greece, Egypt, Allegros, Morocco, Northern Turkey, Northern India and the Mediterranean. Hip twirling is likewise a type of correspondence that tells a women’s perspective and communicates feelings. The first run through this kind of moving was brought into the U.S. was in 1893 at Chicago’s world reasonable. At that point in the mid 1900’s little Egypt made hip twirling well known and stretched out right to Broadway and Hollywood. There are three significant sorts of hip twirling that is drilled and acted in the United States. One of them being American Nightclub, two-American Tribal, and three-Modern Egyptian Nightclub. All the more in this way, Oriental Dance has impacted the advancement of Modern Dance in the hands of pioneers Ruth St. Denis and Isadora Duncan. The Orientalists were Europeans who visited the Middle East during the 1800’s. After their visits to Europe they came back to their countries that interested them either to compose or make artistic creations. Much of the time, individuals utilized their extraordinary masterful permit in their attempts to titillate their compatriots back home with anecdotes about colorful, hot, scarcely dressed ladies. Some of the time without seeing these gut artists, individuals would utilize their creative mind and make these remarkable artworks of a picture they made all alone. Be that as it may, others were only splendid of their way of life and painted fr om their inward most otherworldly sentiments. There isn’t only one explicit kind of hip twirling that is performed far and wide. There are a wide range of sorts of hip twirling. Such moves incorporate Floor work, Gypsy, Flamenco and Middle Eastern Dance, Hagallah, Snake, Trance and Veil are only a portion of the more natural and tradi...

The Undisputed Truth About Argumentative Essay Topics on Sports That the Experts Dont Want You to Hear

The Undisputed Truth About Argumentative Essay Topics on Sports That the Experts Don't Want You to Hear The Battle Over Argumentative Essay Topics on Sports and How to Win It When you compose an argumentative essay about video games there are lots of topics that you may consider. Once can surf the internet to get a few examples of argumentative essay topics, however, there are websites which help to locate topics depending on the keywords. The very first step is to learn the topic you want to write about. The topic has to be interesting, the topic has to be essential and finally the topic has to be informative. Creating a topic all on your own is quite mind-torturing. It's not sufficient to settle on a topic which everybody agrees on. The first thing you may want to do once you've chosen your topic is to begin by writing an outline. This topic is an instance of an exceptional argumentative paper topic. Simply, you should work hard to make them interested in furthering their discussion by themselves even as soon as they are finished with the reading the writing. Now, when you select the incorrect subject, you are going to end up with plenty of evaluations which are baffling. When writing an important composition, it's recommended to pick contradictive topics. It's important to select debatable argumentative essay topics as you need opposing points you could counter to your own points. One other important consideration is your private interest. Another issue you must take under consideration is the degree of research you're able to conduct within the established deadline. When you 're picking your topic, remember that it's much simpler to write about something which you presently have interest ineven in case you don't know a great deal about it. It's usually best to opt for some controversial topic for this purpose because this way you can be in a position to draw more attention to your work. There's no limit to what you may write about sport, and there are several perspectives that you might be requested to employ. The range of activities that could be regarded as as a member of sport are wide and varied. There are several controversial issues in regards to sports. The social issues associated with sports ought to be the obligation of the sports management and not players. Argumentative Essay Topics on Sports Can Be Fun for Everyone Recreational sports ought to be made must in offices to relieve extra stress. The Golf Industry This 6 page overview examines the golf industry in the United States of america. Advertising and the media are now nearly i nseparable from society for a whole. The business related to sports ought to be under the realms of the government of the nation. Understanding Argumentative Essay Topics on Sports In choosing your topic, it's frequently a good concept to start with a subject which you already have some familiarity with. 1 important and appropriate subject is technology. To accomplish a compelling subject, you want to center on a single issue instead of using several thoughts which often confuse the reader. The matter of athletic fitness needs to be dealt which much more strictness. Inspiration to make your own advertising or media argumentative essay topics isn't really hard to discover. In terms of the subject area, it's best fits Social Sciences subject location. Writing a great persuasive essay is a remarkable method to impress both your teacher and peers. Writing an essay is an intriguing job for students that have a passion for writing. As soon as you're prepared to think of a thesis, have a look at these Argumentative Thesis Statement Examples. The thesis gives you a guideline about how to go about with writing the essay. The History of Argumentative Essay Topics on Sports Refuted When you want any assistance about the sports argumentative essay topics, there is just a single stop shop that will provide everything that you require. In such a way, sport can be helpful, unless it turns in the means to make money. With our pool of writers, you'll have plenty of essay topics on sports to pick from. There are lots of things that make us different from the other entire sites which claim to provide the sort of services we offer. Argumentative Essay Topics on Sports Can Be Fun for Everyone Understanding how to compose a strong argumentat ive paper will help you advance your very own argumentative thinking. Dignity on paper has to be ensured in practice also. Since you may see, there's a plethora of different argumentative paper titles you'll be able to utilize. To compose a great paper, you will need to pick a strong topic. After picking your subject, you have to have the five kinds of arguments at the rear of your head throughout your writing. If you feel as if you sit the fence on a problem, it's probably not a great topic to write about. If you get a valid issue and you may offer sufficient arguments on it, then go with this. The topic has to be based on a great evidence base.

Ethics Of The American Counseling Association - 880 Words

According to the American Counseling Association (ACA, 2014) Code of Ethics, ethical principles are based on a set of values that include autonomy, nonmaleficence, beneficence, justice, fidelity, and veracity. These ethics apply to all types of counseling including both group and individual therapy; however, different aspects of these ethical guidelines must be considered based on the therapeutic approach. This paper will identify several of these ethical issues as they relate specifically to group counseling, while also evaluating how these differences compare to ethical guidelines within an individual approach. Based on this information, a final analysis will be provided on when therapists should choose group versus individual for a client. Identifying Ethical Issues in Group Counseling According to the American Counseling Association (2014) Code of Ethics, ethical principles are based on a set of values that include autonomy, nonmaleficence, beneficence, justice, fidelity, and veracity. As an editor with International Journal of Group Psychotherapy, Virginia Brabender (2006) further clarifies these principles as they relate to group therapy through focusing on four of these values: beneficence, nonmaleficence, respect for autonomy, and fidelity. Beneficence and Nonmaleficence Beneficence is a caregiver’s responsibility to promote work that will benefit the welfare of the client, while also preventing or removing harm. For therapists, this obligation includesShow MoreRelatedThe Codes Of Ethics Of The American Counseling Association1667 Words   |  7 PagesContent Comparison Professional associations establish codes of ethics to ensure that clinicians uphold the standards of their association in order to protect the clients they serve and the profession they are affiliated with. This paper will compare the codes of ethics of the American Counseling Association (ACA), American Association for Marriage and Family Therapy (AAMFT), and National Association of Social Workers (NASW). ACA Code of Ethics The ACA is an educational, scientific, and professionalRead MoreThe American Counseling Association Code Of Ethics787 Words   |  4 PagesFrom a Christian perspective, American culture is full of misleading ideas that undoubtedly derive from contentiously evil principles yet find voluminous supporters who continue to promote such exploits. Integrating the belief systems of Biblical principles and secular approaches has been a critical debate for years within American culture and continues to polarize with the changing healthcare laws permitting abortions, supreme courts legalizing gay marriage, the elimination of prayer from publicRead MoreThe American Counseling Association Code Of Ethics1318 Words   |  6 PagesAbstract This paper is a response to a video discussing the issues of confidentiality, privilege, reporting, and duty to warn. This paper looks at these issues and their explanations in the American Counseling Association Code of Ethics as well as the Georgia State Board of Professional Counselor’s ethical guidelines and provides a commentary on the laws. It was found that these issues are not always black and white, but there is some debate on these issues. Confidentiality is both an ethicalRead MoreCode Of Ethics For The American Counseling Association2145 Words   |  9 PagesThe code of ethics for both the American Counseling Association (ACA) and the American Association for Marriage and Family Therapy (AAMFT) create a framework by which Licensed Professional Counselors (LPC) and Marriage and Family Therapists (MFT), respectively, determine their ethical boundaries in which to practice in the field of counseling. Though it is clear the code of ethics within this profession ar e not definitive nor concrete instructions to handle all ethical concerns and scenarios, theyRead MoreAmerican Counseling Association : Code Of Ethics1883 Words   |  8 PagesYes, it’s a problem as clearly spelled out in the 2014 American Counseling Association’s (ACA) Code of Ethics, the Alabama Board of Examiners in Counseling code of ethics (based on the ACA’s guidelines), and the American Psychological Association (APA) Code of ethics. The ACA code states  Ã¢â‚¬Å"Counselors protect the confidential information of prospective and current clients† (paragraph B.1.c),  and â€Å"Counselors make every effort to ensure that privacy and confidentiality of clients are maintained by subordinatesRead MoreTypes Of Ethics Associations : The American Counseling Association ( Aca )2484 Words   |  10 PagesTypes of Ethics Associations The American Counseling Association (ACA) is an organization that has a set of ethical guidelines that they make available to counselors in hopes of helping to eliminate or correct any ethical dilemmas. The ACA come out with the ACA Code of Ethics (2005). These guidelines go into detail explaining different features of counseling from confidentiality to training and research to resolving ethical issues that come up. In section B.4 of the ACA Code of Ethics (2005) itRead MoreEthical: Ethics and American Counseling Association Essay1287 Words   |  6 PagesUniversity Abstract A paper discussing the ethical issues from a video that discuss cases that are regarding barter, boundaries crossing and violation, touching, receiving and giving gifts, and termination of care. The ACA code of Ethics and Michigan States Rules and Regulation for Professional Counselors on the ethical issues of barter, boundaries crossing and violation, touching, receiving and give gifts, and termination of care are summarized. My feelings toward the cases thatRead MoreOverview Of Crisis Prevention And The American Counseling Association Code Of Ethics Essay1179 Words   |  5 Pagesconsiderations, responsibilities, and understandings of how to assess the individual following a crisis. Ethical Standards There are several ethical standards that must be upheld when working with an individual during a crisis. The 2014 American Counseling Association Code of Ethics sets forth guidelines/rules for counselors to use when working with any client. The ACA (2014) speaks of the clients right to privacy which is especially needed when working with those who are survivors of sexual assault or intimateRead MoreA Case Study Involving A Counselor Who Violates The American Counseling Association Code Of Ethics998 Words   |  4 PagesThis paper will introduce a case study involving a counselor who violates the American Counseling Association Code of Ethics, which every counselor should respect. Joe is a 35 year old mental health counselor and has recently received a referral to counsel a 35 year old female named Jill. Jill is currently struggling with depression and anxiety, which is heightened by her dissatisfaction with her job. During their counseling session, Jill revealed that she is confused about her sexual preference andRead MoreThe American Counseling Association ( Aca ) Essay1276 Words   |  6 PagesThe American Counseling Association (ACA) developed the code of ethics with six principles in mind that they thought were the foundation for ethical behavior and decision making: autonomy, nonmaleficence, beneficence, justice, fidelity and veracity (American Counseling Association, 2014). This lead to the six different purposes for the code of ethics. First, it sets ethical obligations and ethical guidance for professional counselors (American Counseling Association, 2014). Second, it recognizes

Strategic plan of Riordan Plastics Example

Essays on Strategic plan of Riordan Plastics PowerPoint Presentation Riordan Manufacturing is one of the leading plastic products manufacturing company in a global plastic industry business. The main products that are manufactured by Riordan include appliance manufacturers, automotive parts, defense development, beverage makers, health care and aircraft manufacturers. Riordan is considered as the leading producers of plastic products and serving a wide range of industries. Although the company is in a sustainable situation but the ever changing competitive business world has forced almost all companies and industries to revolutionize and develop their management strategies that would cope with the current economical demands and trends. To capture the global market, an organization needs a comprehensive strategic management plan that should be followed successively to ensure the conformity with global business rules and requirements (Kiechel, 2010). Strategic management of a company is a process by which a company can successfully exploit minimum amount of resources available to maximize the profits and enjoy the greater market shares (Dess, 2009). Ideally, the strategic management includes the knowledge of competitors, analysis of strengths and weaknesses of a company and meeting all the goals and objectives of the company. The SWOT analysis will allow the company to design the strategic management plan. Riordan Manufacturing Company needs the strategic management plan to motivate the employees and management at every level along with formulating strategies that would allow maximum profits (Dess, et. al., 2009). The strategic management plan for Riordan Manufacturing should have the following components: 1) Development of mission statement along with formulation of measurable and time specified objectives of the company. 2) SWOT analysis is the second step in this plan to evaluate the internal strengths of the company. Analyzing the external threats like industry, social, political, regulatory, technological and macro-economic threats along with internal threats including marketing, financial etc. Based on this analysis, the company would be in a better position to capitalize on best possible opportunities available in the market 3) The factors that might affect the strategy itself are also acknowledged. It includes regulatory forces, society forces, company’s culture and personal managerial ambitions. 4) The most important part of the strategic plan is the implementation of the strategy. This includes the implementation in an organization by changing its environment with the help of budgeting, marketing, feasible work environment, reward structure and information systems. 5) Lastly, observation of the outcomes and adjusting the process in terms of mission, objectives, processes and goals. Ethical and social responsibility in the strategic management plan for Riordan Manufacturing is considered important from the view point of investors, creditors and stakeholders. If a company fails in considering these facts in the strategic management plan, it would soon lose its worth in the public eyes. The stakeholders not only involve the investors and shareholders but it also includes the people living in the environment that might or might not be affected by the business processes of the company. The business ethics are an important part of this plan to conduct the business and act responsible for the stakeholders. The management of the company is responsible to contribute towards charity and social causes to develop trust among the people. It is also the responsibility of a company to offer job opportunities to permanently unemployed people. Last but not the least, accuracy of the financial statements of the firm is also a social and ethical responsibility of the company. References: Dess, G. (2009) Strategic Management. 4th Edition. Non Basic Stock line. Dess, G., Lumpkin, G.T. and Eisner, A. (2009) Strategic Management: Creating Competitive Advantage. New Jersey: McGraw-Hill/Irwin. Kiechel, W. (2010) The Lords of Strategy: The secret intellectual history of the new corporate world. Harvard Business School Press.

Importance of Logo

Question: Write an essay on Importance of Logo Re-designing on Branding. Answer: The purpose of this report is to analyse the importance of logo design or redesigning on branding. A logo can be understood as graphic design, symbol or emblem that is generally used by business organization, commercial entities, or other institutions that aids in brand development and public recognition. Logos can be pure graphic (symbols and icons), words or combination of both (Machado et al., 2014). Logos can be understood as embodiment of the brand or organization. Colors in the logos can be an essential component in the logo designs as it represents vibrancy and helps in brand differentiation. For example, the color scheme used in logo of Google are used intentionally as part of Googles image of being innovative and going against the established rule (primary colors + secondary colors = break the rule) (Sksjrvi et al., 2015) The report undertakes complete analysis of the research in the field of logo redesign and its impact on the branding of the company or organization so that the companies would have better understanding of the logos on the success of organizations. The structure of this assignment is as follows - the section 1 of this assignment covers the introduction part and discusses the concept of logos, its characteristics and its importance on the brand development. This is followed by problem statement, research objectives and justification of the research proposal and expected outcomes. In section 2, the conceptual framework, research hypothesis and methodology of the research is discussed. Finally, in the section 3 of the research report organizational study, grant charts and budget requirements are discussed. Problem Statement Logo design is an important brand building activity undertaken by business organization to create a sense of identity and image for the brand. Logo design is an crucial element of direct and indirect marketing communication employed by the organization. Logo design reflects in every part of business activity and marketing communication used by the organizations. Logos are used by organizations in packaging, promotional materials, advertising, uniforms, and business communication methods such as letterheads, business cards, etc. (Van Das, 2016). When business organizations implement new business strategies that requires to redefine business missions and objectives, or the current logo does not achieves the desired end results, and when the company undertakes rebranding to shed its past image and wants to present itself in the new manner it becomes important to redesign its logos. However, the logo design must be undertaken with utmost caution, as it is associated with perception of the users with the brand and can negatively affect the brand image and organization if not carried out effectively (Drori et al., 2013). Research objectives The overall aim of the research is to investigate the impact of brand redesign on branding. More specifically the report aims to cover the following research questions How does logo redesign affects branding? What are the implications of logo redesign on the branding? What factors needs to be considered in logo redesign in brand promotion? These research questions would assist in the development understanding of the impact of logo redesign on branding (Machado et al., 2015). Justification of the project In order to develop greater brand recognition and global brands, organizations are striving to connect with its stakeholders and community at large by evoking emotions and associating them with the in such a manner that can be sustained for a longer periods of time irrespective of geographical limitations or other limitations. In this regard, organizations companies rely on logos to create awareness about the brand (Sksjrvi et al., 2015). A logo being the intangible aspect of a brand is a important part of brand and helps in brand recognition in more powerful manner as it triggers association of the brand by evoking associated memories with the targeted brand. Logo creates strong impression on the individuals as human mind perceives and remembers graphic more easily. However, once the brand logo gets registered in the minds of the customers, it is difficult to erase the memory and the companies who have redesigned their logos have to undertake massive marketing communication expenditure to create a new identity of itself in the minds of the customers and other targeted audiences (Park et al., 2013). Due to the level of expenditure involved in the redesigning and enforcing the logo in the minds of the customers, it is important to analyze the limitations of the existing logo and redesigning the logo would overcome those limitations. While redesigning its logo, it is important to analyze the impact of it on the targeted audience, competitors and the usefulness of the logo redesigning. Expected research outcome Through this report, the impact of logo redesigning on the branding can be better understood as the report undertakes an analytical approach to investigate the relationship between logo and branding. With the help of adopting an appropriate research methodology and analysis of the important data, the report would shed light on the research questions raised in the report. Conceptual framework and research hypothesis Logo plays an important role in branding and serves the purpose of indirect communication for the brand. Logos plays an important role in branding activities as it helps in creating brand awareness and easy recognition among the customers. A good logo should be simple so that it can be easily understood, must be able to create a positive impact, memorable and should be able to truly represent the organizations personality and characteristics. The importance in branding also becomes more crucial due to the reason that it can be easily reproduced in any format as required by the company such as on product packaging, in advertisements, company merchandises, staffs uniforms, etc. A goods logo enables the organization to achieve harmonious relationship with the customers by artistically representing the overall brand promise and personality of the company (Budakov, 2014). Logos are important for brand development and brand recognition among the public. The whole personality of the brand can be represented with the help of logos. Since the logos represents the identity of the brand and fosters brand recognition among the customers, it is counterproductive for the organizations that change its logos more frequently (Mller et al., 2013). The purpose of logo is to connect the brand with some graphic or symbol that can uniquely and creatively represent the brand. Therefore, it can be said that a logo serves two major functions for the brand. One function of logo is that it acts as a conjunction between the brand name and product functionality, and the second function is that a logo can be used interchangeably with the name of the brand and evoking the same response from the customers. However, it has been opined Folse et al., (2013), that logos are needed to be redesigned or changed after a particular period. The reason that has been argued for the redesign of the logo is that with passage of time, peoples taste also changes. The market as well as the peoples point of view is dynamic. In order to keep p[ace with this dynamic environment, it is important to keep bringing changes. Logos are itself made attractive and if it fails to draw the attention of the consumers then there will be no evident reason of the particular logo (Folse et al., 2013). In correspondence to this approach, it has been pointed out that sometimes redesigning a logo abolishes the actual existence of the company. As stated by Van Das (2014), that redesigning creates a negative impact on the consumers. It is often assumed by them that the companys ownership or privatization has changed. This change has forced the new operators to take a step to redefine the structure of the logo. Thus, a dilemma is often created among the consumers. They fear of buying the product henceforth, with an assumption that the product delivered now would not be good enough to satisfy their expectation from the company (Van Das, 2014). There is no particular time framed for a company to redesign their logo. It probably depends on the intuition of the owner or the higher authority of the company that forces them to change the logo. However, it can be said that there is a difference between redesigning and recreating a logo. It is not necessarily eligible that every time when the company feels like bringing a change in their logo, it needs to change the complete design of the logo. Sometimes, it is also expected that the company opted for only a small change in their logo. For instance, a change in the color of the design or introduction of a small sign or symbol in the logo is also adapted by the companies as a method of changing the logo (Grobert et al., 2016). A logo acts as a communication medium between the company and the consumers. It is with the help of a logo, a company can be easily recognized by the consumers. It is in fact used to differentiate companies of same types. For example, two or more petroleum companies can be easily segregated by looking at their logo. Thus, a unique and an attractive logo create a positive impact among the consumers (Cesar et al., 2013). It can be easily said that there are both positive and negative aspects of designing or redesigning a logo of the company. At one instance, it is an identity for an organization and it is very important to have a logo, on the other hand, bringing change in the logo the company can cause negative impact on the company (Robson McCartan, 2016). Based on the research objectives and problem statement discussed in the study following research hypothesis can be proposed that would be tested in the research study H (1): Null Hypothesis: Logos does not have any influence on the branding H (2): Alternate Hypothesis: Logos have great influence on the branding Methodology Research methodology represents various activities that is required to be undertaken to successfully complete the research. Research methodology provides a basic framework that would assist the researcher systematically complete the research and provides an overview of elements of the entire research. It includes research approach, research design, as well as data collection methods to complete the research so that research objectives are met. The objective of this report is to access the impact of logo redesign on branding. Therefore, for this research positivism research approach is selected. In order to match with the research objective, deductive research methodology and descriptive design of research is selected to complete the research. Further, for this research elements of both qualitative and quantitative methods of analysis have been selected. Non probabilistic methods of data selection is selected to get the desired data to validate the findings of the research (Taylor et al., 2015). For this research, report following methodology would be undertaken to effectively analyze the aims of this research proposal. The various methodology employed are discussed as Literature review: to understand the impact of logo redesign on branding, review of existing literature such as journal, previous researches, and works of academicians are reviewed. Survey Questionnaires: survey questionnaires would be used to get the relationship between brand redesign and branding from marketing experts, working professionals as well as from the customers (Mackey Gass, 2015). Research Approach There are two basic research approaches to follow as inductive and deductive research approach. Inductive approach of research follows observation of research subject, collection of primary and secondary data, analysis of collected data and establishment of theories at the end of research. In deductive approach the researcher first develops theories, then goes to hypothesis testing through analysis of data and to support or prove his theories and selecting the theory which qualifies the theoretical evidences (Hair et al., 2015). For this research deductive approached is used to establish the relationship between logo redesign and branding by studying the behavioral patterns of customers and their perceived effectiveness of the logo change while making a decision of new product purchase and risk perceptions involved therein (Flick, 2015). Research Design Research design is the process of documenting the research study to present the data analysis in a manner to get a meaningful outcome. There are three main research designs as exploratory, explanatory and descriptive. Exploratory research design is used when the objective of research is not clear. It helps to highlight what is the actual problem and hidden facts upon which research is to be based. In explanatory research design the main focus is on the reason of the problem. Such as why something is happening or not happening. Whereas in descriptive research the researcher just highlights the problems in detail and focuses on its findings. In this study the research wants to highlight on the nature of relationship between logo designing and branding therefore; descriptive research design is undertaken (Panneerselvam, 2014). Various steps that needs to be undertaken to complete the research are discussed as Defining the topic of research and narrowing it down in such a manner to achieve research objectives Devising strategies to collect relevant data to meet the criteria of the research objective Determining the sampling methods and sample size to collect the desired data For this research various research design requirements are disused in detail under the following headings. Method of data collection Data collection is the method of getting information to form basis of research. Research. There are two modes of collecting data primary and secondary. In primary method data is collected directly from interest groups by the researcher himself like interviews, surveys, etc. whereas in secondary data collection researchers used data collected by some other sources like magazines, journals, etc. (Vinhal et al. 2012). For this research study, both primary and secondary methods of data collection would be used. Primary data would be collected directly from the customers, business professionals, and marketing experts to evaluate the effectiveness of logo redesigning on the branding. In order to collect the desired data, survey questionnaires are developed that would be sent to the identified respondents via online mediums (e-mails), apart from online survey questionnaires, data would be collected from some key respondents (marketing and branding experts) to validate the data collection method. In addition, secondary data can be collected from academic articles, magazines, and works of previous researchers and scholars. Sampling methods Sampling is the process of selecting a subset from the universe to get the data. A sample is smaller but homogeneous representation of population. The two most common types of sampling methods are probabilistic and non-probabilistic. In probabilistic sampling, every member of population have equal chance of getting selected Sample is random, stratified and multi clustered based on some criteria, On the other hand in non probabilistic sampling every member does not have equal chance of getting selected, data is collected on the basis of convenience, purpose and quota assigned by the researcher (Zikmund et al., 2012). For the purpose of this research, probabilistic sampling technique is used. The purpose of selecting non-probabilistic sampling is that, the research requires information about the impact of logo redesigning on the branding; that can be accessed by analyzing diverse group of respondents. Therefore, to include desired respondents in the data collection Quota sampling method of non-probabilistic would be employed. Sample size Sample size refers to the number of respondents participated in the primary data collection procedure. For this research, a sample size of 100 is chosen according to the quota assigned for identified respondent categories. 60 responses from the customer group, 30 responses from the marketing professionals category and 10 responses from the marketing experts.Research Method Generally there are two methods for conducting research; quantitative and qualitative. For this research qualitative research method would be employed as data collected from survey questionnaires and interview questions have to be quantified with the help of various quantitative tools to enable the readers to get a clear understanding of the research findings (Bryman Bell, 2015). Ethical Consideration Consideration of ethical issues is important for validating the research study and its results. It helps in verifying the consistency and authenticity of the research study on the basis of genuine data collected from the respondents. The data collected for this study will be strictly be used for academic purposes. The questionnaire has been designed in such a way so that no personal questions are asked to the respondents. Convenience and willingness of the respondents to participate in the survey are considered. The information will be kept confidential and the referencing style adopted in this research study has helped in validating the data (Blumberg et al., 2014). Organization of the research The organization of the final research can be presented as Chapter one of the study will be research proposal as discussed in this assignment Chapter two of the research would describe the case study of logo resigning on the branding Chapter three of the research would include the details of research methodology that include literature review, data collection methods, and defining the key indicators of logo designing and also methods of data collection. Chapter four of the research would comprise the findings and analysis of the proposed report Chapter five will summarize the important findings of the report and would discuss its implication undertaking logo redesigns on branding. Gantt chart Task description Start day End day Duration Report proposal 1//6/2016 15/6/2016 15 days Literature review 16/6/2016 15/7/2016 30 days Data collection 16/7/2016 15/8/2016 30 days Data analysis 16/8/2016 20/8/2016 15 days Final report submission 1/9/2016 15/9/2016 15 days Project Budget and Budget Justification In order to, successfully undertake this research it is important to make provisions for the budget requirements. The proposed budget for the research is $3500 that would be utilized to perform various activities to successfully complete the research study on the stipulated time (1/9/2016). The budget would be employed to undertake following research tasks: The literature review would require various textbooks, journals, academic articles and other online resources that is not freely available and would cost around $1300 Data collection is another research related activity that requires extensive time and financial resources. Data collection includes travelling expenses, questionnaire printing costs, and other associated costs. This would require a budget of $2000 For data analysis, part access to various software and statistical tools would be required. This would cost around $1700. This has been summarized as - Purpose Estimated Costs ($) Literature Review 1,300 Data collection 2,000 Data analysis 1,700 Total budget estimated 3,500 References Blumberg, B. F., Cooper, D. R., Schindler, P. S. (2014). Business research methods. McGraw-hill education. Bryman, A., Bell, E. (2015).Business research methods. Oxford University Press, USA. Cesar-Machado, J., Vacas-de-Carvalho, L., Torres, A., Costa, P. (2013). Brand logo design: Examining consumer response to figurativeness. Drori, G. S., Delmestri, G., Oberg, A. (2013). Branding the university: Relational strategy of identity construction in a competitive field. Trust in higher education institutions, 134-147. Flick, U. (2015). 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