The Rise and Fall of Sean Quinn free essay sample

The rise and fall of Sean Quinn Recently former Irish billionaire filled for bankruptcy in Dublin court. Mr Quinn who was in 2008 listed as an Ireland richest man â‚ ¬4. 7 billion owned to Angolo Irish Bank â‚ ¬2. 8 billion by 2011. What was the reason for such a successful businessman to fall down so hard? Rise and downfall Sean Quinn, a son of former farmer, started his first business at age of 26 when he borrowed ? 100 to extract gravel and selling it to local builders. Since then he expanded his Quinn Group portfolio to insurance, glass, hotel, plastic and radiator industries. Having built empire, he was borrowing billions to gamble on the shares of Anglo Irish Bank, oping to turn quick profit. As recession started in 2008, Anglo Irish bank’s shares dropped value and the government nationalized the bank to prevent complete collapse. Sean Quinn lost his fortune and his business empire. Greediness and ethics In one of Sean Quinn’s interviews, he admitted that he only can be solely blamed for the downfall of his empire. We will write a custom essay sample on The Rise and Fall of Sean Quinn or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He knew the risk he was taking versus the possible quick profit. So, what were the motives of his gambling business decision? Previous to his bankruptcy, Mr Quinn told in one of the interviews in 2007 that he has always been greedy person. Could it be that he lost all his fortune purely because of greediness? Sean Quinn had inner drive that nothing was enough to him, he wanted more and more and that is probably one of the reasons that his empire keep growing and he became richest until the downfall. But through out his career did he ignore ethics? I borrow a text from Tudor Richard’s book – Dilemmas of leadership: â€Å"For some leaders, matters of ethics arise as unwelcome intrusion in the pursuit of economic success. Nevertheless, such leaders have to find ways of assessing the risks facing companies that fall foul of regulatory guidelines†(3) Sean Quinn’s gambling in Anglo bank share did not break any laws; however it brought up a discussion about ethnics. A good leader has to deal with the interests of his employees and shareholders and not only act on his own. There is no doubt that leaders should not ignore ethnics at work as it can have a negative impact on reputation and the brand of the company and possible have negative financial impact. Unanswered questions and the future of Sean Quinn There are still some unanswered questions of Mr Quinn’s fall, such as why did he invest in banking sector that he didn’t had any experience in past? Was he assuming that banking sector would be similar to other sectors he has done business? I personally experience this dilemma last year as I was moved from IT to financial sector to sell software licences. However financial sector was far more challenging that IT sector. The competition was more aggressive and the market was much matured and the profit margin was less compared to IT sector and I was less successful than I was expecting.

Deductive Method Versus Inductive Method Essays

Deductive Method Versus Inductive Method Essays Deductive Method Versus Inductive Method Essay Deductive Method Versus Inductive Method Essay Written Report in Principles of Teaching DEDUCTIVE METHOD VERSUS INDUCTIVE METHOD All teaching methods can be classified into two, namely deductive method and inductive method. The deductive method, the teacher tells or shows directly what he/she wants to teach. The inductive method begins with questions, problems and details and end up with answers, generalizations and conclusions. Deductive method, in this method the teacher presents first the main topic she will discuss. Explain the subject matter before students make activities. The advantage of deductive method the students will not have a lot of questions because they already understand the topic, and it will be easy for them to answer the different activities. And the disadvantage of this method, the students can’t participate because only the teacher is the one who is discussing the topic. Inductive method, in this method the students are more involved in teaching learning process the students can give a lot of ideas about the topic and the teacher will be the facilitator and the guide , they will correct the wrong ideas of the learners. And the learners will be more creative and knowledgeable because the class will start in the different activities and exercises. But it also have disadvantages , because in this method it requires more time, because the class started at the activities and exercises , a lot of time are uses in answering the different activities and exercises and there is only a little time to discuss the topic. It also has different approaches the blended learning, reflective teaching, metacognitive approach and constructivist approach. The blended learning is learning that is facilitated by the effective combination of different modes of delivery, the reflective teaching students/teachers learn through an analysis and evaluation of past experiences. Metacognitive approach is an approach that makes our students thinks about their thinking. The constructivist approach is anchored on the belief that every individual constructs and reconstructs meanings depending on past experiences. As a future teacher we should be familiar to this different methods and approaches so we will know what kind of method and approaches that we should use on how the students will learn most. Donalyn S. Alicpala BEED II-A

Rail Transportation Engineering System Essay Example | Topics and Well Written Essays - 1500 words

Rail Transportation Engineering System - Essay Example Engineering Systems like the rail transportation system analyzed in this report, are characterized by a high level of technical complexity, social intricacy, and elaborate processes that are aimed at fulfilling important functions in the society. Usually, various disciplines are required for input into developing solutions for Engineering Systems, and adopting a systems approach is quite beneficial. The aim of this analysis is to identify the key elements of the rail transportation system and the interactions involved in operating such a system. This rail transportation system was selected for this report because rail transport is an emerging field of engineering and transport that seeks to provide solutions for some important socio-technical problems in society. There have been numerous studies in the past, carried out with the aim of investigating the individual aspects of socio-technical problems in order to find solutions to these problems. Some of these studies went to great lengths to isolate the smaller pieces of the bigger problem. (Sterman, 2000) Although Engineering Systems seek to expand perspectives form smaller pieces to a bigger picture, the bigger picture should be viewed as a system, with interactions explored within the system. Rail transportation systems can be classified as engineering systems because rail transportation involves a high degree of technical complexity and elaborate processes with the goal of fulfilling the function of cost-efficient transportation of goods and personnel in the society. The key elements of the rail transportation system include environmental friendliness, speed, low energy consumption, high safety standards and limited land usage. Rail transportation also makes use of its own transportation lines and is relatively free from time wastage as a result of traffic jams and hold-ups. (Ellis, 1986).

Common core standards for mathematics Essay Example | Topics and Well Written Essays - 250 words

Common core standards for mathematics - Essay Example Reaching grade level seven, students must arm themselves with the basic knowledge in Geometry. It may all be about identifying shapes or using figures to solve a problem, but in Common Core State Standards Initiative or CCSSI (2012), the guideline set in this category goes beyond classifying figures since the emphasis was on the application on â€Å"angle† measurements and covered distances. The ability of students to grasp the idea of distance within surfaces in solving realistic situations is the goal of teachers in this grade level (Common Core State Standards Initiative, 2012). On the other hand, New Jersey Department of Education Office of Academic Standards or NJCCCS (2008) focuses on how to measure geometrically-perceived things and expects students to innovate, as well as execute cognitive actions, to come up with the measured distances of the shapes combined. Guidelines include the use of grids for estimating measurements (New Jersey Department of Education Office of Academic Standards, 2008). Both guidelines from CCSSI and NJCCCS are somewhat interconnected. Both focus on the ability of students to apply prior knowledge in real events and their lives, as well. The goal is for students to master the guideline and all its related outcomes affixed for grade seven Geometry. Once a student has proven to accomplish the grade level’s expectations, he/she will be able to move to the next level to optimize his/her learning

Benefits Project Research Paper Example | Topics and Well Written Essays - 2500 words

Benefits Project - Research Paper Example In addition to this the other facilities and discounts like Lifeworks, flexible working hours, education assistance, service appreciation awards, career growth and training programs for employees with growth and leadership potential have also been considered. This in my opinion would make Sodexo’s plans comparable to Google, Microsoft or any other Fortune 500 company. Basic Issue, Purpose and Relationships But as they say, the strength and efficacy of a plan lies in its weakest link, and in this case, the link was a service provider, namely Aetna. It has been shown that Aetna has been a preferred company for Sodexo’s Group Life Insurance Plan. Therefore I also assume that this company is involved in the administration and provision of services under its Short and Long Term Disability Plans. Interestingly this fact was uncovered by delving into the Exit Interviews of quite a number of employees who had been bitter and critical in their appraisal of the coverage and degre e of care administered by the insurance company even under the Business Travel Accident Plan. Further investigation into the matter by a combination of HR and Medical Staff determined that no less that 15 such instances had occurred in the last one and a half years. Since staff was enrolled in the insurance plans automatically and the coverage was renewed every year, Aetna considered that they simply could not lose. As far as the relationships between fraud in the medical coverage and employee dissatisfaction are concerned, a little analysis will put forth that since the Short and Long Term Disability Plans as well as the Benefits Travel Accident Plan were related, one often leading to another, the connivance and inefficiency of Aetna staff was often the culprit leading to improper and insufficient attention to non-managerial staff. In many cases, such staff had to resort to other or personal means to meet these deficiencies in care. Since the complaints were few and far between, Ae tna had managed to get away with it unscathed so far. The amazing thing is that these very staff took proper care of Sodexo’s managerial and higher level staff quite well in similar instances of accident and disability. Clearly they knew who was wielding the power here. The purpose of this paper is not only to highlight this deficiency but also its causes so that the erring staff is removed or the coverage is given to another insurance company. Such a state of affairs can hardly be tolerated. It is also desired to review the efficacy and management of all the different types of medical coverage so that similar or other deficiencies can be highlighted and corrected. Thus we will accomplish a thorough review of all types of medical coverage given by Sodexo, and by doing so positively impact employee satisfaction. It is also interesting that one or two lower level employees had highlighted these in their assessments of the available benefits at the company, and even made a remar k in their employee satisfaction surveys, but these were unfortunately overlooked by HR as being too unlikely to be true. It was assumed that the employees were over-reacting to an already bad or painful situation. For one thing, this state of affairs may indicate that HR has become too complacent and sure of itself and therefore it is suggested that future employee surveys and benefits assessments be independently

Infosys Technologies Ltd: SWOT and PESTLE

Infosys Technologies Ltd: SWOT and PESTLE INFORMATION TECHNOLOGY We are using the term information technology or IT to refer to an entire industry. In actuality, information technology is the use of computers and software to manage information. In some companies, this is referred to as Management Information Services (MIS) or simply as Information Services (IS). The information technology department of a large company would be responsible for storing information, protecting information, processing the information, transmitting the information as necessary, and later retrieving information as necessary. History of Information Technology: In relative terms, it wasnt long ago that the Information Technology department might have consisted of a single Computer Operator, who might be storing data on magnetic tape, and then putting it in a box down in the basement somewhere. The history of information technology is fascinating! These Information Technology resources for information on everything from the history of IT to electronics inventions and even the top 10 IT bugs. Modern Information Technology Departments: In order to perform the complex functions required of information technology departments today, the modern Information Technology Department would use computers, servers, database management systems, and cryptography. The department would be made up of several System Administrators, Database Administrators and at least one Information Technology Manager. In India, the software boom started somewhere in the late 1990s. Most of the Indian software companies at that moment offered only limited software services such as the banking and the engineering software. The business software boom started with the emergence of year2000 problem, when a large number of skilled personnel were required to fulfill the mammoth database-correction demand in order to cope up with the advent of the new millennium. The profile of the Indian IT Services has been undergoing a change in the last few years, partly as it moves up the value chain and partly as a response to the market dynamics. Ten years ago, most US companies would not even consider outsourcing some of their IT projects to outside vendors. Now, ten years later, a vast majority of US companies use the professional services of Indian Software engineers in some manner, through large, medium or small companies or through individuals recruited directly. The market competition is forcing organizations to cut down on costs of products. The professional IT services on the other hand are becoming increasingly expensive. The offshore software development model is today where onsite professional services were ten years ago. There is a high chance (almost a mathematical certainty), that in less than ten years, the vast majority of IT services (software development being just one of them) from developed countries, will be, one, outsourced and two, outsourced to an offshore vendor. Despite the global economic slowdown, the Indian IT software and services industry is maintaining a steady pace of growth. Software development activity is not confined to a few cities in India. Software development centers, such as Bangalore, Hyderabad, Mumbai, Pune, Chennai, Calcutta, Delhi, Noida, Gurgaon, Vadodara, Bhubaneswar, Ahmadabad, Goa, Chandigarh, and Trivandrum are all developing quickly. All of these places have state of the art software facilities and the presence of a large number of overseas vendors. Indias most prized resource is its readily available technical work force. India has the second largest English-speaking scientific professionals in the world, second only to the U.S. It is estimated that India has over 4 million technical workers, over 1,832 educational institutions and polytechnics, which train more than 67,785 computer software professionals every year. The enormous base of skilled manpower is a major draw for global customers. India provides IT servi ces at one-tenth the price. No wonder more and more companies are basing their operations in India. The industry is in an expansion mode right now, with dozens of new offshore IT services vendors emerging every day, the industry has a high probability of being subjected to the 80:20 rule in not too distant a future. In perhaps another ten years, 80 percent of all outsourced offshore development work will be done by 20 percent of all vendors, a small number of high qualities, trusted vendors. Only a few select countries and only the most professional companies in those countries will emerge as winners. India will definitely be the country of choice for offshore software development. It has the potential to become and remain the country of choice for all software developments and IT enabled services, second only to the USA. The third choice could be far distant. India is among the three countries that have built supercomputers on their own. The other two are USA and Japan. India is among six countries that launch satellites and do so even for Germany and Belgium. Indias INSAT is among the worlds largest domestic satellite communication systems. India has the third largest telecommunications network among the emerging economies and it is among the top ten networks of the world. To become a global leader in the IT industry and retain that position, India needs to constantly keep moving up the value chain, focusing on finished products and solutions, rather than purely on skill sets and resumes. It also needs to be able to package its services as products, rather than offering them as raw material. It needs to be able to recognize and build up on its strengths and work on weaknesses. Another extension of the IT industry is the ITES (Information Technology Enabled Services) which is a sector dependent on IT sector. Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. In addition to providing advice, IT consultancies often implement, deploy, and administer IT systems on businesses behalf. The PC industry is one of the strangest in the world. There is probably no other type of product that is so technologically sophisticated, sells for so much money, and yet is sold by so many companies for so little profit. The severe competition in the industry is the one reason why so many problems are encountered by those who deal with PC vendors. While I consider there to be absolutely no excuse for a company not treating its customers fairly, at the same time I think customers should have some idea of what vendors are up against in this demanding marketplace. PESTLE ANALYSIS There are many factors in the macro-environment that will effect the decisions of the managers of any organization. Tax changes, new laws, trade barriers, demographic change and government policy changes are all examples of macro change. To help analyze these factors, managers can categorize them using the PESTLE model. PESTLE stands for Political, Economical, Social, Technical, Legislative and Environmental. It is a strategic planning technique that provides a useful framework for analyzing the environmental pressures on a team or an organization. It describes a framework of macro environmental factors used in the environmental scanning component of strategic management. It is a part of the external analysis when conducting a strategic analysis or doing market research and gives a certain overview of the different macro environmental factors that the company has to take into consideration. It is a useful strategic tool for understanding market growth or decline, business position, potential and direction for operations. PESTLE factors play an important role in the value creation opportunities of a strategy. However they are usually outside the control of the corporation and must normally be considered as either threats or opportunities. Kotler (1998) claimed that PESTLE analysis is a useful strategic tool for understanding market growth or decline, business position, potential and direction for operations. The headings of PESTLE are a framework for reviewing a situation, and can in addition to SWOT and Porters Five Forces models, be applied by companies to review strategic directions, including marketing proposition. (P)olitical factors These refer to government policies such as the degree of intervention in the economy. What goods and services does a government want to provide? To what extent does it believe in subsidizing firms? What are its priorities in terms of business support? Political decisions can impact on many vital areas for business such as the education of the workforce, the health of the nation and the quality of the infrastructure of the economy such as the road and rail system, Government rules and regulations can also affect a business heavily. Rules and regulations such as environmental regulations, industry specific regulations, competitive regulations, consumer protection and various kinds of employment laws. (E)conomical factors These include interest rates, taxation changes, economic growth, inflation and exchange rates, governments spending levels, unemployment, job growth, tariffs, consumer confidence index and import or export rations. Economic changes can have a major impact on a firms behavior. Higher interest rates may deter investment because it costs more to borrow. A strong currency may make exporting more difficult because it may raise the price in terms of foreign currency Inflation may provoke higher wage demands from employees and raise costs Higher national income growth may boost demand for a firms products (S)ocial factors These often look at the cultural aspects and include health consciousness, population growth rate, demographics (age, gender ,race, distribution), career attitudes and emphasis on safety , lifestyle changes, population shifts, education trends, fads, diversity, immigration/emigration, housing trends, fashion, attitudes to work, leisure activities, occupations and earning capacity. Changes in social trends can impact on the demand for a firms products and the availability and willingness of individuals to work. Today the aging of population has become a huge problem. This has increased the costs for firms who are committed to pension payments for their employees because their staff is living longer. It also means some firms have started to recruit older employees to tap into this growing labour pool. The ageing population also has impact on demand: for example, demand for sheltered accommodation and medicines have increased whereas demand for toys is falling. (T)echnological factors Technological factors include ecological and environmental aspects and can determine barriers to entry, minimum efficient production level and influence outsourcing decisions. Technological factors look at elements such as RD activity, automation, technology incentives and the rate of technological change. New technologies create new products and new processes. MP3 players, computer games, online gambling and high definition TVs are all new markets created by technological advances. Online shopping, bar coding and computer aided designing are all improvements to the way we do business as a result of better technology. Technology can reduce costs, improve quality and lead to innovation. These developments can benefit consumers as well as the organizations providing the products. (L)egal factors These are related to the legal environment in which firms operate. In recent years in UK there have been many significant legal changes that have affected organizations behavior. The introduction of age discrimination and disability discrimination legislation, an increase in the minimum wage and greater requirements for firms to recycle are examples of relatively recent laws that affect an organizations actions. Legal changes can affect a firms costs (e.g. if new systems and procedures have to be developed) and demand (e.g. if the law affects the likelihood of customers buying the good or using the service). (E)nvironmental factors Environmental factors include the weather and climate change. Changes in temperature can impact on many industries including farming, tourism and insurance. With major climate changes occurring due to global warming and with greater environmental awareness this external factor is becoming a significant issue for firms to consider. The growing desire to protect the environment is having an impact on many industries such as the travel and transportation industries (for example, more taxes being placed on air travel and the success of hybrid cars) and the general move towards more environmentally friendly products and processes is affecting demand patterns and creating business opportunities. Introduction: Infosys Technologies Ltd. (NASDAQ: INFY) was started in 1981 by seven people with US$ 250. Today, we are a global leader in the next generation of IT and consulting with revenues of over US$ 4 billion. Infosys defines designs and delivers technology-enabled business solutions that help Global 2000 companies win in a Flat World. Infosys also provides a complete range of services by leveraging our domain and business expertise and strategic alliances with leading technology providers. Infosys offerings span business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing Infosys pioneered the Global Delivery Model (GDM), which emerged as a disruptive force in the industry leading to the rise of offshore outsourcing. The GDM is based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk. Infosys has a global footprint with over 50 offices and development centers in India, China, Australia, the Czech Republic, Poland, the UK, Canada and Japan. Infosys has over 103,000 employees. Infosys takes pride in building strategic long-term client relationships. Over 97% of our revenues come from existing customers. In an increasingly globalised world, significant complexity and uncertainty is getting attached to the unprecedented economic crisis. The Indian economy has also been impacted by the recessionary trends, with a slowdown in GDP growth to seven per cent. The focus and exponential growth in the domestic market has partially offset this fall and insulated the country, resulting in net overall momentum. The IT-BPO industry in India has today become a growth engine for the economy, contributing substantially to increases in the GDP, urban employment and exports, to achieve the vision of a young and resilient India. During the year, the sector maintained its double digit growth rate and was a net hirer. This growth has been fueled by increasing diversification in the geographic base and industry verticals, and adaptation in the service offerings portfolio. While the effects of the economic crisis are expected to linger in the near term future, the Indian IT-BPO industry has displayed resili ence and tenacity in countering the unpredictable conditions and reiterating the viability of Indias fundamental value proposition. Consequently, India has retained its leadership position in the global sourcing market. The Indian IT-BPO industry is estimated to achieve revenues of USD 71.7 billion in FY2009, with the IT software and services industry accounting for USD 60 billion of revenues. During this period, direct employment is expected to reach nearly 2.23 million, an addition of 226,000 employees, while indirect job creation is estimated to touch 8 million. As a proportion of national GDP, the sector revenues have grown from 1.2 per cent in FY1998 to an estimated 5.8 per cent in FY2009. Software and services exports (including BPO) are expected to account for over 99 per cent of total exports, employing over 1.76 million employees. While the current mood is that of cautious optimism, the industry is expected to witness sustainable growth over a two-year horizon, going past i ts USD 60 billion export target in FY2011. While the industry has significant headroom for growth, competition is increasing, with a number of countries creating enabling business environments aimed at replicating Indias success in the IT-BPO industry. Hence, concentrated efforts are required by all stakeholders to address the current challenges, to ensure that India realizes its potential, and maintains its leadership position. Vision To be a globally respected corporation that provides best-of-breed business solutions, leveraging technology, delivered by best in class people. Mission To achieve our objectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large. STP Analysis Segmentation Geographical regions: US, India, Australia, China, UK Psychographics: MNC, BFSI, Hospitality Sector Demographic: Population or Employee strength of consumer company: +5000 Targeting Infosys Technologies Ltd, which offers its core banking solution under the brand Finacle, is targeting regional rural banks to achieve higher growth. There are over 90 rural banks in India they have come up with a solution called The Finacle Bank in a Box for this segment. The expenditure that each rural bank would have to make would depend on its existing level of automation. IT service providers would benefit a great deal if more people from rural areas were included in the banking services, and Infosys has. The solution will be deployed by a third party who will do the banking transaction on behalf of different banks as the model is expected to be cost-effective Infosys BPO is targeting the hospitality industry for its outsources processes offering. The company has formed a strategic alliance with New York-based hospitality consultancy major HVS International The alliance will help Infosys BPO (formerly called Progeon) to target hotels and other customers in the hospitality industry. HVS is a well-known consulting firm in the hospitality segment. Positioning Infosys is seeking to move away from its image as a cheap Indian offshore service factory to that of a global business technology (BT) leader. The company is investing in measures to enhance its visibility and footprint across a wider group of client stakeholders and markets. The aim is to position Infosys as a prototype for successful companies in a globalized market environment. While Infosys can justifiably point to its ongoing business growth as a major success story, its corporate positioning suffers from inconsistencies in its underlying messaging. Furthermore, its product positioning continues to mainly focus on technology and cost-related benefits, which represents a disconnect with Infosys corporate ambitions. Leadership Style: Infosys believes that leadership is one of the most essential ingredients of organizational success which is provided by its Chairman, N R Narayanmurthy. Leadership is based on high business vision and predominantly supportive styles. There is emphasis on developing leadership qualities among employees. For this purpose, it has established Infosys Leadership Institute. Top management emphasizes on open door policy, continuous sharing of information, takes inputs from employees in decision making, and builds personal rapport with employees. As we have seen over last few years, we have seen smooth transition from N R Narayanmurthy to Nandan Nilakeni and from Nandan Nilakeni to Kris Gopalkrishnan without any adverse effects on the company outlook and each one has proved to be an able leader taking company forward. Staff (Human Resources): Since Infosys is in knowledge-based industry, it focuses on the quality of the human resources. Out of total personnel, about 90 per cent are engineer s. At the entry level, it emphasizes on selecting candidates who find the companys meritocratic culture satisfying, superior academic records, technical skills, and high level of learn ability. The company emphasizes on training and development of its employees on continuous basis and spends about 2.65 per cent of its revenues on up gradation of employees? skills, and around 50% as employee costs. In spite of thousands of people joining every month, Infosys has been able to maintain its training standard mostly due to its highly matured processes capabilities and investment in infrastructure. SWOT Analysis (S)TRENGTHS: Leadership in sophisticated solutions that enable clients to optimize the efficiency of their business. Proven Global delivery model Commitment to superior quality and process execution Strong Brand and Long-Standing Client Relationships Ability to scale Innovation and leadership. (W)EAKNESSES: Excessive dependence on US for revenues, 67 % of revenues from USA. Weak player in domestic market. Only 1 % of revenues from India low as compared to peers. Low R D spending as compared to global IT companies only 1.3 % of total revenues. Low expertise in high end services like Consultancy and KPO. (O)PPORTUNITIES: Domestic market set to grow by 20%. Expanding into new geographies Europe, Middle East etc. Infosys is cash rich (Around US $ 1 Billion). Acquiring companies to increase expertise in Consultancy, KPO and package implementation capabilities Opening offices and development centers in cost advantage countries such as those in Latin America and Eastern Europe. (T)HREATS: Global economic slowdown may continue for several years hence low IT spending globally. US Govt. against outsourcing. Shrinking margins due to rising wage inflation, Rupee-dollar movementaffects revenue and hence margins. Increased competition from foreign firms like Accenture, IBM etc. Increased competition from low-wage countries like China, Indonesia etc. Strategy: Infosys has adopted a client-focused strategy to achieve growth. Rather than focusing on numerous small organizations, it focuses on limited number of large organizations throughout world. In order to cater its clients, the company emphasizes on custom-built softwares. Another differentiating factor for Infosys is that it commands premium margins. Company does not negotiate over margins beyond a certain limit and some time prefers to walk-out rather than compromise on quality for low-cost contracts. This has helped in building an image for quality driven model rather than cost-differentiating model. Increase business from existing and new clients: Infosys has focused on expanding the nature and scope of engagements for the existing clients by increasing the size and number of projects and extending the breadth of its service offerings. For new clients, it provides value added solutions by leveraging its in-depth industry expertise. It increases its recurring business with clients by providing software re-engineering, maintenance, infrastructure management and business process management services which are long-term in nature and require frequent client contact. Expand geographically: Infosys plans to establish new sales and marketing offices, representative offices and global development centers to expand its geographical reach. It plans to increase presence in China through Infosys China, in the Czech Republic and Eastern Europe directly and through Infosys BPO, in Australia through Infosys Australia and in Latin America, through Infosys Mexico. Enhance solution set: Infosys focuses on emerging trends, new technologies, specific industries and pervasive business issues that confront our clients Pestle of Infosys: (P)olitical: Political stability: Indian political structure is considered stable enough expect the fact that there is a fear of hung parliament (no clear majority). U.S. government has declared that U.S companies that outsource IT work to other locations other than U.S. will not get tax benefit. Government owned companies and PSUs have decided to give more IT projects to Indian IT companies. Terrorist attack or war. (E)conomic: Global IT spending (demand) Domestic IT Spending (Demand): Domestic market to grow by 20% and reach approx USD 20 billion in 2008-09 NASSCOM Currency Fluctuation Real Estate Prices: Decline in real estate prices has resulted reducing the rental expenditures. Attrition: Due to recession, the layoffs and job-cuts have resulted in low attrition rate. Economic Attractiveness: Due to cost advantage and other factors (So)cial: Language spoken: English is widely spoken language in India, English medium being the most accepted medium of education. Thus, India boasts of large English speaking population. Education: A number of technical institutes and universities over the country offer IT education. Working age population (T)echnological: Telephony: India has the worlds lowest call rates (1-2 US cents). Expected to have total subscriber base of about 500 million by 2010. ARPU for GSM is USD 6.6 per month. India has the second largest telephone network after china. Teledensity 19.86 % Enterprise telephone services, 3G, Wi-max and VPN are poised to grow. Internet Backbone: Due to IT revolution in 90s India is well connected with undersea optical cables. New IT Technologies: Technologies like SOA, web 2.0, High definition content, grid computing, and innovation in low cost technologies is presenting new challenges opportunities for Indian IT industry. Internet Backbone: Due to IT revolution of 90s, Indian cities and India is well connected with undersea optical cables. New IT technologies: Technologies like SOA, Web 2.0, High-definition content, grid computing, etc and innovation in low cost technologies is presenting new challenges and opportunities for Indian IT industry. (L)egal: IT SEZ requirement: IT companies can set up SEZ with minimum area of 10 hectares and enjoy a host of tax benefits and fiscal benefits. Contract / Bond requirements: Huge debates surrounding the bonds under which the employees are required to work, which is not legally required. IT Act: Indian government is strengthening the IT act, 2000 to provide a sound legal environment for companies to operate esp. related to security of data in transmission and storage, etc. Companies operating in Software Technology Park (STPI) scheme will continue to get tax-benefit till 2010. (E)nvironmental: Energy Efficient processes and equipments: Companies are focusing on reducing the carbon footprints, energy utilization, water consumption, etc BIBILIOGRAPHY http://www.businessballs.com/pestanalysisfreetemplate.htm http://www.alacrastore.com/storecontent/datamonitor-premium-profiles/ http://jobsearchtech.about.com/od/careersintechnology/p/ITDefinition.htm http://www.wikipedia.com

Juvenile Crime and Socio Economic Factors Essay -- Crime

Crime at any age and in any form is a social problem and should be stopped or curbed at any cost. Crime at a juvenile age is on one hand a crime against property and life, and on the other a crime against humanity. It is a much graver social danger that holds the seed of an evident social disaster implanted into it. Criminologists hold different views regarding the root of juvenile crime and that often leads into quite the argument. Irrespective of those theoretical head on collisions, the presence of socio economic factors behind each juvenile crime committed is almost accepted by all. No one is a born criminal and it is evident that the surrounding socio economic environment acts as an important element and a catalyst in turning a young boy or girl into a criminal who might be breaking into some one’s house or threatening someone at gun point. In the following paragraphs, a detailed analysis has been made to explore the different avenues through which these socio economic fa ctors contribute to creating the delinquents of today’s youth. Before moving into the details, it is worth mentioning that the following analysis would be based on a set of socio economic indicators that is made up of; family, socio-economic class and factors that also includes community factors, educational background, urbanization, media, and influence of peers. Family: Being a juvenile is the most influential period of human life, and family plays the most critical role in this stage. A family with a healthy atmosphere cultivate the socially acceptable norms within the children that help them to grow into responsible, respectable and moral beings in the end. In sharp contrast, a family that is subject to an unhealthy environment and does not provide en... ...he absorption of those juveniles into our society like any other normal child of our own. Remember the old adage, â€Å"It takes a village to raise a child†. Works Cited Juvenile Delinquency: theories of causation, Sage Pub, 2005: http://www.sagepub.com/upm-data/4880_Martin_Chapter_3_Juvenile_Delinquency.pdf Chapter 7. Juvenile Delinquency, World Youth Report, United Nations, 2003. http://www.un.org/esa/socdev/unyin/documents/ch07.pdf Shader, Michael. Risk Factors for Delinquency: An Overview, US Department of Justice, Office of justice programs. http://www.ncjrs.gov/pdffiles1/ojjdp/frd030127.pdf Social structure theories, n.d. : http://cstl-hhs.semo.edu/cveneziano/STRUC.ppt Zarka, Heather, Sociological theories of crime, Associated content, 2007. http://www.associatedcontent.com/article/227143/sociological_theories_of_crime.html