Marketing Plan For Cadbury Marketing Essay

Marketing Plan For Cadbury Marketing Essay Cadbury is the icon of the British confectionary industry, with a heritage which dates back to 1824. Since then, Cadbury has expanded its business throughout the world, through both organic and acquisition led growth. Today Cadbury is a leading global confectionery company, operating in over 60 countries. Cadbury has an outstanding portfolio of Chocolate, Gum and Candy brands. In 2008, Cadbury enjoyed a 10.5% market share of the global confectionery market, with revenue of GBP5.4 billion. The company employs about 50,000 people and work with around 35,000 direct and indirect suppliers globally. Cadbury manufactures markets and sells unique brands which give pleasure to millions of people around the world every day. Cadburys Vision is to be the biggest and best confectionary company in the world. One of Cadburys Strategic goals for 2009 to 2011 is to increase market share of the global confectionery market, with revenue growths of 4% to 6% annually. Cadbury believes that the confectionery business still has significant unused potential. By exploiting the strengths of its innovative products/brands, it believes it can continue to grow its market share and returns, and achieve its Vision of becoming the biggest and best confectionery company in the world. Vision The Vision into action (VIA) plan embodies all aspects of our strategy. Our governing objective is to deliver superior shareowner returns by realizing our vision to be the worlds biggest and best confectionery company. Cadburys Philosophy Cadburys philosophy of Vision into Action (VIA), a strategic plan for 2008 to 2011 is an example of how business strategy is translated to a Marketing plan to deliver positive impact to its revenue and margin performance. Cadburys growth ambition is based on the following:- Strengths of its brands and market position Increased investment in Innovation, Marketing Sales Greater exposure to faster growing categories (e.g. gum) and markets (e.g. emerging markets) 1.2 Product, Market Operational Characteristics Cadbury is a leading global confectionery company with an outstanding portfolio of chocolate, gum and candy brands. Cadbury created few famous brands like Cadbury, Trident and Halls. Flakes Green Blacks Halls Hollywood Stimorol Eclairs Cadbury featured brands are: Cadbury featured brand: Bubbaloo Cadbury Crà ¨me Egg Cadbury Dairy Milk Clorets Dentyne Born in 1824 when John Cadbury opened a shop in Birmingham selling cocoa and chocolate. Since then Cadbury have expanded their business throughout the world by a program of organic and acquisition led growth. On 7 May 2008, the separation of the confectionery and Americas Beverages businesses was completed creating Cadbury plc with a vision to be the worlds BIGGEST and BEST confectionery company. Cadbury operates in over 60 countries and worked with around 35,000 direct and indirect suppliers. Cadbury have employ around 50,000 employees all over the world. Cadbury plc  is managed by the Cadbury plc Board of Directors which delegates day-to-day management to the Chief Executives Committee (CEC). Cadbury business is segmented to four main regions and they are:- America Britain, Ireland, Middle East and Africa Europe Asia Pacific Cadburys Values Cadbury team is performance driven, values led. Throughout changing times, our constant values have inspired us to be pioneers in business and in corporate responsibility. They help ensure we are proud of our company and are critical to our core purpose of creating brands people love. Cadburys values are: Performance, Quality, Respect, Integrity and Responsibility to social, economic and the environment Our Business Principles  are our code of conduct and also take account of global and local cultural and legal standards. They confirm our commitment to the highest standards of ethics and business conduct. 02. Task One 2.1 Marketing Planning Principals Analysis of the Market Being in the confectionery business and dealing with consumers, Cadbury has always been a market and consumer focused organization. It consistently conducts market studies to determine the positioning of its brands, in current, new and future markets. This forms the foundation of the Marketing Plan. Setting the Marketing Objectives In order to deliver growth, Cadbury conducts many marketing programs for its brands every year. Each marketing program is accompanied with a Marketing Plan. Each marketing plan has clearly defined objectives for the project team to deliver. Establishing the Strategies Tactics Based on the market analysis and set objectives, each Marketing Plan will contain strategies and tactics which will be necessary in delivering the desired outcome. Developing an Action Plan This is one of Cadburys key philosophies, making things happen. Therefore, every Marketing Plan in Cadbury has specific actions to be implemented by a person responsible, and within set time targets. Monitoring of Progress In Cadbury, every Marketing Plan is monitored monthly by the Senior Management Team of the respective SBU, to track the progress of the plan, as well as to make any necessary improvements or changes. Resource Financial Management Once a marketing program has been approved by the Senior Management Team of Cadbury, the necessary resources will be provided in order to deliver the objectives set in the Marketing Plan. As in the case of providing the necessary resources, Cadbury also provides an appropriate financial budget for the project to deliver the objectives set in the Marketing Plan. Measuring Success Cadbury continuously measures the success of each of its marketing projects, and compares the results achieved vs. the objectives set in the Marketing Plan. 2.2 Marketing Audit / Situational Analysis 2.2.1 Market Environment Conducts a complete external marketing audit which includes both the macro and micro environment of the confectionary industry and how these may have an impact on Cadburys Chocolate, Gum and Candy businesses. From this audit, the company will be able to identify the key issues impacting each business, and how the business can develop an effective plan with tactics and strategies to tackle these issues and ultimately achieve the Marketing Objectives. 2.2.1.2 Macro Environment Macro factors are factors that we totally have no or extremely little control off. It is not just looking at a segment of the industry, but the effects these factors have on the whole industry. An example of an audit tool is the PESTEL analysis, which identifies the opportunities and threats of the external environment, which then helps the Company to develop appropriate plans. Political Being in a confectionary industry, political factors have little impact on Cadburys business as chocolates, gums and candies are well established consumer products, and available everywhere. There are no political factors which restricts consumers from purchasing these products. However, in Singapore, the Government has banned the sale of gum, as it is seen as a nuisance to the environment. Therefore, in the UK, Cadburys businesses have no impact politically. Economic The state of the economy has an impact to most businesses. The credit crunch and slow down of economic growth, as we are currently experiencing, does effect consumer buying power, and hence Cadburys businesses. However, the reduction in interest rates does help consumers, as it creates consumer spending, and hence Cadburys businesses may have minimal impact. Social In terms of social factors, there are many consumer groups which voices their own opinions and sometimes this have a major impact on regulations and legislations. Consumer businesses are highly impacted by social factors. As an example, Cadburys chocolate business may be impacted by health reasons, such as sugar and obesity, which will influence the sugar and ingredient content of its product, and ultimately the formulation and taste. The introduction of sugar free gums and dark chocolates are good examples of how the gum and chocolate industry has evolved over the past 2 decades. Technological The increase use of internet has impacted businesses worldwide. Consumers are more aware of product offerings, have greater access to information and knowledge about products and can make more educated choices of products. The internet has also brought consumers closer to companies such as Cadbury, who now have faster feedback from consumers about their products. All of this has both positive and negative impact to Cadburys businesses. Advancement in manufacturing technology has also influenced the confectionery industry in terms of cost of production, shapes, sizes, packaging etc. All of these do affect Cadburys businesses in many ways. Environmental As the world experiences greater environmental challenges, such as global warming, environmental legislations do impact Cadburys manufacturing, product and packaging. As a responsible company, Cadbury practices a zero discharge to the environment, which increases the companys manufacturing costs. It also uses bio-degradable packaging material, which is a requirement in the EU. Legal The confectionery industry is a highly regulated industry. In each country, as in the UK, it is governed by legislations and monitored by the Food and Drug authorities. Influences from Environmental and Social groups, may introduce changes in legislations, which in turn impacts the confectionery business. As an example, the use of artificial colors, additives deemed to increase hyperactivity in children, has forced Cadbury and other confectionery companies to find alternatives, at higher costs. The increasing manufacturing standards for food products have also impacted Cadburys businesses. Tighter standards means higher costs to manufacturers. Whilst this is good for society, it has a negative impact to Cadburys businesses. 2.2.1.2 Micro Environment Analysis of the micro environment is equally important. These are the issues relating specifically within the organization and it is crucial that we clearly understand this in order to plan and develop the marketing plan. There are 6 factors and we use a simple tool SPICC Supplier The Supplier is important to any business, as they can either support or destroy value. In the case of Cadbury, due to its economy of scale, and long standing partnerships with suppliers, it is able to obtain good support from its suppliers. This provides Cadbury with the necessary competitive advantage it requires. Public In general the consumer and public at large tend to support a well established and responsible company such as Cadbury. However, there will always be minority groups who voice their concerns about products and companies, and these have to be handled with sensitivity. Intermediaries The retailers and stores tend to have less power to negotiate when it is dealing with a company as big and well known as Cadbury. Every store wants to have the Cadbury brands on their shelves and would tend to agree with terms offered by Cadbury due to the pull of consumers this brand brings to their shop. Customers Customers do play a big part on the success of a company or its brands. As there are many choices in the market, the customer determines the value of a brand. 2.2.2 Industry Analysis Porters Five Forces is very useful in this analysis; Treat of Substitutes Bargaining power of Buyer Rivalry Bargaining power of Supplier Threat of new Entrants Each of Porter Five Forces model contributes to the competitive environment in an industry: Threat of new Entrants With the confectionery industry showing good growth potential, new players may enter the market to get a small market share of a very large industry. However, due to high entry barriers, such as establishing a renowned Brand, as well as high manufacturing standards, the threat of new entrants remains low for the confectionery industry. Threat of Substitutes With new entrants in the market, a group of existing or new competitor may introduce new products/brands, for the chocolate sector, claiming the same consumer satisfaction, but at lower costs, e.g. Ice-creams, puddings which claim to be cheaper and healthier. The threat of substitutes is moderately high for the chocolate sector. Bargaining power of Suppliers As a long established player in the confectionery industry, Cadbury has the economics of scale to bargain for low cost raw materials. It works with the best suppliers in the world in order to ensure consistent quality and low cost materials. Therefore, the bargaining power of Cadburys suppliers is relatively low. Bargaining Power of Buyers In todays world consumers have many choices, due to the intense rivalry in the confectionery industry. However, Cadbury has a number of established brands which command a relatively stronger pull, hence the bargaining power of buyers (eg wholesalers and supermarkets, B2B) is low but the bargaining power of the consumer is moderately high. (B2C) Rivalry among Existing firms The confectionery industry is a crowded, with many players. Some are well established players, such as Nestle and Mars, who have equally strong brands as Cadburys. Some have carved out sectors, e.g. in-house brands of Tesco, Marks Spenser and Sainsbury. There are also many small players who have good positions in small sectors of the industry. Hence the rivalry among existing players is moderately high. However, Cadburys well established brands do provide some level of edge in the industry. 2.2.3 SWOT Analysis There are factors within a company which affect the internal environment and these should be addressed. Being a global leader in the chocolate business, the product, Brand and Corporate image, service, value of the product and quality is inseparable. Therefore an audit of the internal environment is also important. The SWOT analysis is a useful method in determining the key issues of a company, and will the company to develop a plan to mitigate threats and focus on opportunities. SWOT analysis of Cadbury Strengths Well established company since 1824 Global brands and innovative products One of the top 4 leading confectionery companies in the world Only focuses on confectionary products. Products available in almost all distribution Channels. Financially strong, with continued revenue And profit growth annually. Weaknesses Too many products and brands Highly dependent on confectionery market High cost base when compared to some Smaller confectionery companies. Relatively small presence in emerging Markets. Opportunities Entry into new markets (e.g. India China) with its established Brands. Ability to introduce new product extensions in existing markets using its established Brands Acquisitions of other confectionery companies. Threats New legislations and regulations which may increase costs Social impact from consumer groups on health related issues New entrants into the confectionery industry Products could be easily copied by competitors (carbon copy) 2.2.4 Value Chain Analysis Support Activities Firm Infrastructure Formation: Includes general management, planning management, finance, legal, accounting, quality management, public affairs, etc . Human Resource Management Personal activities: All activities that links with recruiting, development (training, education), retention and compensation of employees, manager, etc . Technology Development R D, etc : Include the technology development to support the value chain activities, i.e., Process automation, Research Development, design and redesign, etc. Procurement Purchasing inputs: The role of purchasing inputs i.e., procurement of raw materials, machines, spare parts, servicing, buildings, etc . Primary Activities Inbound Logistics Receiving inputs : Activities that associates with receiving, storing, transportation scheduling, inventory control Operations Building the product/ providing the service : Includes packaging, assembly, machining, maintenance, testing, activities that transform the final input into final product Outbound Logistics Distributing the product to buyers : Activities that involved the finished product to get to the customers; warehouse, orders, transportation, distribution, etc Marketing Sales Pre-sale support : Activities associated with getting buyers to purchase the product including channel selection, promotion, advertising selling, pricing, retail management, etc Customer Service Post-sale support : the activities that maintain enhance the products value, including customer support, repair services, installation, training, spare parts management, upgrading, etc Task 02 3.1 Marketing Objectives As the business still has significant untapped potential both in terms of top line growth and returns. By exploiting the strength of our leadership positions to continue to grow their market share and significantly increase the margins and returns, cadbury aim to achieve their vision of becoming the biggest and best confectionery company in the world. Vision into Action (VIA) plan for 2008 to 2011 aligns the energies and efforts of the teams around the world behind a number of priorities which will make the most impact on our revenue and margin performance. In order to generate superior returns for our shareowners, our VIA will deliver six financial targets. These are set out in our financial performance scorecard below: Organic revenue growth of 4% 6% every year Total confectionery share gain Mid-teens trading margins by 2011 Strong dividend growth An efficient balance sheet Growth in Return on Invested Capital (ROIC) To achieve these financial goals, have a growth and efficiency strategy which aligns behind our focus on fewer, faster, bigger and better. This focus is being applied to all aspects of our business. Corporate objective: Achieve sales of min. GBP25 Mil in 2009 UK Market Achieve sales of GBP80Mil in 20011, UK Market Functional objective: To increase 6% by end 2009 Operational objective: Achieve min of 80% consumer awareness of CCE Twisted within 12 months of launch Marketing Products, price, place promo, people, process, physical evidence Director Or CEO 3.2 Strategy The strategy for any marketing project is the key to the success of the project. It should map out what needs to be done, targeting which consumers, and providing them with what value, through the product offered. 3.2.1 Segmentation of Market Cadbury segments the UK Chocolate market based on Geography, Demographics and Psychographics to identify the target market segments for their Cadbury Cream Egg Twisted. Geography Cadbury geographically segments the UK chocolate market by:- Urban market (Cities) e.g. London, Glasgow, Cardiff, Manchester, etc Suburb markets (Towns) e.g. Barnstable, Abingdon, Stamford Others (Villages) e.g. Sawston The company identifies the size of the chocolate market, per capita consumption, growth trends, as well as analyses each segment in terms of Cadburys market share, Cream Egg lovers and chocolate bar consumption. This will provide Cadbury the necessary information to target the right market for Cadbury Cream Egg Twisted. Demographic Demographic segmentation allows Cadbury to understand the chocolate market by age, gender, income group, etc. This allows Cadbury to identify which groups are the chocolate lovers, which group prefers Cream Eggs, which group prefers bar chocolates, etc. Psychographic Psychographic segmentation is based on consumer lifestyle, attitudes and motives. Cadbury segments the UK chocolate market, based on consumers who prefer branded goods, those who prefer taste, texture or shapes. By doing this, the company is able to identify the target segment which will best suit the Cadbury Cream Egg Twisted product. 3.2.2 Targeting the market After establishing the market segmentation, the next step is to evaluate each segment and choose which possible segments should the company target and offer Cadbury Cream Egg Twisted in order to meet its marketing objectives. Based on the segmentation analysis, Cadbury is targeting the following groups:- All locations around UK, with greater focus on urban markets. Across all channels, especially super and hyper markets, and convenient stores, where the chocolate consumption per capita is high. Children, teenagers and females, who are seen to be lovers of Cadbury Chocolate bar lovers, the group which Cadbury is hoping to switch from traditional bars to the Cadbury 3.2.3 Positioning Cadbury Cadbury is having broader ranges targeting many segments. Youth segment should position as Love and entertainment. Teenagers can attract through adventure aspiration. Childrens mind goes to various tastes and small gifts they are getting. Therefore should do the positioning accordingly. 3.2.4 BCG Matrix The BCG or Boston Consulting Matrix is a tool used to analyze the portfolio of a company. It classifies business units or product ranges into four categories based on a matrix of market growth rate and market share position. The market growth rate determines the attractiveness of the industry and the relative market share shows the competitive position of the business. Below is the BCG Matrix. Details about the 4 categories are as follows:- Cash Cows business units that have large market share in a mature, slow growing industry. Cash cows require little investment and generate cash that can be used to invest in other business units. Stars- business units that have large market shares in a fast growing industries stars may generate cash, but because the market is growing rapidly they require investment to maintain their lead. If successful, a star will become a cash cow when its industry matures. Question Marks business units that have small market shares in high growth markets. These business units require resources to grow market share, but whether they will succeed and become stars is unknown. Dogs business units that have small market shares in mature industries. A dog may not require substantial cash but it ties up capital that could better be deployed elsewhere. Unless a dog has some other strategic purpose it should be liquidated if it has little prospect for it to gain market share. In summary, the BCG matrix provides a framework for allocating resources among business units within a company, and it will be useful for us to review the portfolio of our Chocolate Business. 3.3 Marketing Mix The marketing mix is a combination of critical factors that make up the marketing strategy for a product, which helps the company to successfully achieve the set marketing objectives. 3.3.1 Product Cadbury UK emphasizes on the need for strong brand image, and therefore all the decisions they make with regards to its products are in line with the brand image. The product and packaging are designed to project and communicate the brand image reflecting Cadbury as who they are. The product reflects the innovation, high quality and nutritional value it provides to its customers, whilst the packaging clearly reflects the familiar purple corporate brand color and corporate brand logo, associated with reliability and quality. Cadbury maintains the original Cream features and taste, which is a well loved product. Uses no artificial colorants or banned additives, and meets all EU food standards. Product is in a twisted bar form to attract chocolate bar lovers. Personality of the Brand is fun and novel to target the young trendy and female market segment. Specially lovers Packaging is colorful, to attract the children, teenage and young adult market. 3.3.2 Price Pricing of products is key in reflecting the image of a brand. This is why Cadbury carefully considers the image of the product, the value it offers to the consumer and who is the target consumer, before it determines the price of any of its products. It is obvious that different Cadbury products, targeted at different segments of the market are priced differently. The decision on pricing does have an impact to the brand. For example Cadbury offers its bar chocolates at a premium price compared to Tescos or Sainsbury bar chocolates, for the mass market. Cadbury also sells some of its high end products to reflect a luxury image, and can command good premiums, example Cadbury Milk Tray, Cadbury Roses and Green Blacks. The price of a product is also dependent on customers perception of the brand which Cadbury takes into account before it prices its products. However, with the current economic scenario, Cadbury gives special deals, for example Cadbury Dairy Milk bars 20% more (means big ger size) at the same selling price without reducing the price and affecting the brand image. Cadbury priced to competitive price GBP per gram it is cheaper than the Cream, which allows differentiation. 3.3.3 Placement Cadbury chooses carefully the distribution channels it places its products based on the brand image of the products. For example for its Cadbury Dairy Milk bar range of products, because it is targeted to the mass consumer, this range of products are accessible across all channels, in all super and hypermarkets, chain retail outlets, other convenience stores and even in the mom and pop shops. For the premium products, eg Green Blacks brand, Cadbury carefully places them at high end outlet, such as Selfridges and Airports. Cadbury will be available across all distribution channels in the UK market. Focus will be in Hyper and Supermarkets as well as convenient stores, at prominent locations within the stores. Greater visibility will be provided at urban segments (both cities and towns). 3.3.4 Promotion Depending on the brand image, the target consumer and market, Cadbury carefully chooses its communication strategy to meet the objectives of increasing awareness and ultimately pulling the consumer to purchase its products. Every promotional activity has its own strategy and this can can vary from increasing brand awareness, maintaining the brand value, educate consumers about a new product, increasing seasonal purchases, or campaigns such as choose Cadbury to highlight the positive emotional value of the brand. However, due to the current economic downturn, Cadbury carefully selects its promotional activities; such that it has maximum returns for its promotional spend. With the advent of the electronic media, Cadbury has created a number of websites for its popular brands for consumer/members to be active. These websites have education information, games, good associates such as purple goes green, cocoa partnership and fair-trade. Cadbury has recently agreed to partnership with the 2012 Olympic, which will give its brands, global recognition. Websites are www.cadbury.co.uk, www.cadburycremeegg.co.uk. www.aglassandahalffullproduction.com, etc. Above the line promotion via TV, Radio and print media. Advertising will focus on target groups, e.g. children, teenagers, young adults and females. Below the line activities will be carried out at urban markets at high traffic outlets, such as Hyper and Supermarket concourses. Special standees will be appropriately designed to portray the fun and novel personality of the product, and placed in major outlets. Task 03 4.1 Key Issues faced by Cadbury and Implications to the Marketing Plan Key Issues Implication to the Marketing Plan The economic slowdown and credit crunch Possibility that the market will shrink Competition will be intensive driving prices to be more competitive. Pressure from consumer groups on health related issues Need to have more PR with consumer groups Need to educate consumers on ingredients used in products Higher legislations and standards for industry To support this in order to create higher barriers to entry for new entrants into the industry Too many products and brands To implement a rationalization program to weed out older and low margin brands Consumer awareness to create pull To conduct effective AP programs to bring awareness to consumers. Conduct market research to establish consumer needs and trends Growing in a challenging market Introduce new products in existing markets using established Brands Introduce existing Brands in new markets Understanding the Competition Conduct market research to determine level and position of competitors in the market 4.2 McKenzies 7S Framework The McKenzies 7S framework is a value based management model, which looks at all the key elements which make up an organization, and it enables us to evaluate the effectiveness of our Marketing organization. An effective organization achieves a fit between all these 7 key elements, and should any element change, it affects all other elements and hence the organization as a whole. The McKenzies 7S framework is made up of hard and soft elements. Hard elements are those which are easily identifiable and visible, whilst the Soft elements are those which are less visible and are below the surface. Most organizations tend to focus on the hard elements, and ignore the soft ones, which tends to be an ineffective way of diagnosing and solving an organization issue. The 7S framework is a useful tool used to analyze the current state of an organization. Below is a pictorial view of the McKenzies 7S framework showing the Hard elements (green) and Soft elements (yellow) Hard Elements Strategy plans for the allocation of a firms scarce resources over time to reach identified goals. Structure the way the organizations units relate to each other; centralized, functional divisions (top-down); decentralized (the trend in larger organizations), matrix, network, holding etc. Systems the procedures, processes routines that characteri

Why International Assignments Fail Essay -- International Business Emp

Why International Assignments Fail International assignments are the hub of international HR which makes the fact that they often fail a great concern to many corporations who make big investments in overseas assignments. As more U.S. companies expand their business overseas, the need to send employees on international assignments will increase, making the process of discovering the reasons for these failures increasingly important. Expatriate employees, meaning employees that are non-citizens of the country in which they are working, often find that unfamiliar surroundings and a new job can be particularly challenging, while family pressures also increase as everyone makes cultural adjustments. Another reason for these failures include lack of preparation from the employer. In a 2003 study of more than 700 expatriate workers around the world, nearly forty percent felt their employers did not do an adequate job preparing them for their international assignment. One of the major steps an employer can take to reduce the uneasiness of going abroad is in selecting the right candidate for the assignment. Just having technical expertise or management skills does not make an employee right for international assignments. More important to this particular kind of job is an individual’s inherent cultural sensitivity, flexibility, adaptability, and interpersonal communication skills. Regardless of the method, the candidate selection process is the first critical step in an emp...

Laughter Is the Best Medicine

NAME: ASHVIN JAYABALAN I. C. NUMBER: 970202-13-5163 AGE: 15 YEARS OLD ADDRESS: BLOCK 47, 0316, TAMAN UNGKU TUN AMINAH, 81300, SKUDAI, JOHOR BAHRU TELEPHONE NUMBER: 0168099798/0168508226 E-MAIL ADDRESS: [email  protected] COM NAME OF SCHOOL: SMK TAMAN TUN AMINAH BE CAREFUL WHAT YOU WISH FOR â€Å"Be Careful What You Wish For†. This is the phrases or topic that I am going to write an essay about it. First but not least I am going to explain the definition of the word wish. Wish means a feeling or to express a strong desire or hope for something that probably will not happen to us.We must not think that all of our dreams or wish will come true if there is nothing we do and rely on other people. On the contrary, we must also beware of what we wish for because sometimes it will come true and some we doesn’t want it. For example, we wish to become a popular and well-known person. Once we become famous, we will feel that something is missing which is love and happiness from your family or your loved ones that is far away from your place.From there we realized that what we wish is actually nothing and just to get close to the fans. So, we will regret and go back where we belong Everyone has their own wish and dream. Some of them wish that they could win over a jackpot million of ringgits or gambling in a casino. However, does this wish mean a lot for you or just to have fun. Actually my wish is to become a millionaire. Yes, although my dream is too big but I will help people in need such as old peoples, orphans and many more.I will help them by building a house for them to stay and as a shelter. This will makes them more comfortable to stay. I will also build a small school for urban poverty, child abandonment and abused child. They will have good education when they grows up and contribute to the country. Besides, I will distribute foods and drinks to the homeless in the street of Johor. This is because I’ve been blessed so I want to bless other s. It can be as simple as giving a bag of rice or tinned food to someone out there who hungry.Every time I give I am answering another person’s prayer. As one says a great nation is not measured by the numbers of millionaires and billionaires, but the absence of the poor. There is a story that I want to tell about this topic. It is about a boy named Dexter. He lives with his parents in a small village at Perak. He is good in writing English essays. So, he went to America to continue his studies in essay writing. Then, he came back to his hometown in Perak and he wishes that he could become a great novelist.His wish came true and he was as happy as larks that he could become a popular novelist. Since then he had written many good novels especially one of his books entitled THE BEST FRIEND I’VE EVER HAD. This novel has received an award from the World Books Awards in London. Because of his novel, he had many fans and people whole around Asia. Now, he had become famous an d he forgets about his family and also his loved ones. One day, he met with an accident on his way back home from work.He was rushed to the nearest hospital by the help of the people on the scene. Once his family heard the news, they rushed to the hospital. They felt relieved that Dexter had only minor bruises on his body and had a broken leg. Once Dexter awake, he was shock to see his family visit him. He regret that he had forget about his family and promises that he would go back to his happy and harmony family again. There is also a song that related to this topic entitled HOME by Chris Daughtry.This song says that we must be careful of what we wish for because some of our wish can come true and some we doesn’t want. He says again that he is not running from his family but he thinks that the places and faces are getting old. Besides, he thinks that love given by his fans is totally different with families love. In conclusion, we must know that every wish we ask for will h ave serious consequences later. So, we must think wisely before making any decisions because it’s no use to crying over a split milk. (733 words) Laughter Is the Best Medicine NAME: ASHVIN JAYABALAN I. C. NUMBER: 970202-13-5163 AGE: 15 YEARS OLD ADDRESS: BLOCK 47, 0316, TAMAN UNGKU TUN AMINAH, 81300, SKUDAI, JOHOR BAHRU TELEPHONE NUMBER: 0168099798/0168508226 E-MAIL ADDRESS: [email  protected] COM NAME OF SCHOOL: SMK TAMAN TUN AMINAH BE CAREFUL WHAT YOU WISH FOR â€Å"Be Careful What You Wish For†. This is the phrases or topic that I am going to write an essay about it. First but not least I am going to explain the definition of the word wish. Wish means a feeling or to express a strong desire or hope for something that probably will not happen to us.We must not think that all of our dreams or wish will come true if there is nothing we do and rely on other people. On the contrary, we must also beware of what we wish for because sometimes it will come true and some we doesn’t want it. For example, we wish to become a popular and well-known person. Once we become famous, we will feel that something is missing which is love and happiness from your family or your loved ones that is far away from your place.From there we realized that what we wish is actually nothing and just to get close to the fans. So, we will regret and go back where we belong Everyone has their own wish and dream. Some of them wish that they could win over a jackpot million of ringgits or gambling in a casino. However, does this wish mean a lot for you or just to have fun. Actually my wish is to become a millionaire. Yes, although my dream is too big but I will help people in need such as old peoples, orphans and many more.I will help them by building a house for them to stay and as a shelter. This will makes them more comfortable to stay. I will also build a small school for urban poverty, child abandonment and abused child. They will have good education when they grows up and contribute to the country. Besides, I will distribute foods and drinks to the homeless in the street of Johor. This is because I’ve been blessed so I want to bless other s. It can be as simple as giving a bag of rice or tinned food to someone out there who hungry.Every time I give I am answering another person’s prayer. As one says a great nation is not measured by the numbers of millionaires and billionaires, but the absence of the poor. There is a story that I want to tell about this topic. It is about a boy named Dexter. He lives with his parents in a small village at Perak. He is good in writing English essays. So, he went to America to continue his studies in essay writing. Then, he came back to his hometown in Perak and he wishes that he could become a great novelist.His wish came true and he was as happy as larks that he could become a popular novelist. Since then he had written many good novels especially one of his books entitled THE BEST FRIEND I’VE EVER HAD. This novel has received an award from the World Books Awards in London. Because of his novel, he had many fans and people whole around Asia. Now, he had become famous an d he forgets about his family and also his loved ones. One day, he met with an accident on his way back home from work.He was rushed to the nearest hospital by the help of the people on the scene. Once his family heard the news, they rushed to the hospital. They felt relieved that Dexter had only minor bruises on his body and had a broken leg. Once Dexter awake, he was shock to see his family visit him. He regret that he had forget about his family and promises that he would go back to his happy and harmony family again. There is also a song that related to this topic entitled HOME by Chris Daughtry.This song says that we must be careful of what we wish for because some of our wish can come true and some we doesn’t want. He says again that he is not running from his family but he thinks that the places and faces are getting old. Besides, he thinks that love given by his fans is totally different with families love. In conclusion, we must know that every wish we ask for will h ave serious consequences later. So, we must think wisely before making any decisions because it’s no use to crying over a split milk. (733 words)

Global Entrepreneurship Monitor ( Gem ) - 860 Words

The business environment, which the entrepreneur operates in, has varying impact on business performance (Ahmad et al 2010). Social norms are known to be one of the most significant factors within the business environment (Hong and Kacperczyk 2009). Owing to the fact that social norms differ across nations and cities, the level of entrepreneurial competencies influenced by culture can be assumed to be different. Therefore, a country comparison between the two countries, UK and Singapore, will be conducted using the Global Entrepreneurship Monitor (GEM). Paul Reynolds and a team of scholars created the GEM model for an international index aimed to be an equivalent for entrepreneurship and enterprise of the World Economic Forum’s Global Competitiveness Index (Reynolds et al 2005). This reputable model outlines two business processes that they suggestively associate with the growth or decline of an economy. GEM contributing authors describes: â€Å"The first process portrays existing routine business activity and its antecedents. GEM proposes an additional complementary process in which individuals perceive opportunities and are thereby promoted to create new business activity, which in turn is proposed to impact economic growth† (Levie and Autio, 2008, p.237). Using data from GEM (2014) allows this study to narrow in and investigate how the UK and Singapore are alike on business performance and entrepreneurial competencies. The entrepreneurial environment within the UK andShow MoreRelatedGlobal Entrepreneurship Monitor ( Gem )3594 Words   |  15 PagesGlobal Entrepreneurship Monitor (GEM), which provides an annual assessment of the national level of entrepreneurial activity (including research data from over sixty-nine countries), posits that one-third of the differences in economic growth among nations may be due to differences in entrepreneurial activity. Governmental units, society, and educational institutions worldwide have documented that the individual entrepreneur is critical in the development of new business ventures (Hisrich, Langan-FoxRead MoreHow Entrepreneurship Has An Effect On The Economy Of India1557 Words   |  7 Pages In the 21st century Entrepreneurship is one of the fundamental driving variable in job development. Entrepreneurship has dependably had a variable in monetary advancement and has assisted with job creation. Be that as it may, in the present time it has quickened like never before. Entrepreneurship is favorable for the development of a country’s economic system for various reasons. Business enterprise has been surprisingly resurgent in the course of recent decades in nations that accomplished generousRead MoreEntrepreneurship in Australia Essay1163 Words   |  5 Pagesinto large, medium and small business, has become a primary symbol of the development of market economy. Entrepreneurship is defined as the process, brought about by individuals, of identifying new opportunities and converting them into marketable products or services(Schaper and Volery 2007, 4), and it is often related to small business. This essay will argue that the level of entrepreneurship in Australia is h igher, compared to other affluent nations. Then it will move on to explain what factorsRead MoreThe Current State Of Entrepreneurship1693 Words   |  7 Pagestransformed the country s economic state entirely. The purpose of this report is to investigate the current state of entrepreneurship in Canada in comparison to other G20 countries, and make recommendations for government and policy makers. It will provide a brief overview of the history of entrepreneurship, analyze the current state of entrepreneurship in Canada, outline a global comparison with two distinctive economies, and conclude with recommendations for improving the Canadian entrepreneurialRead MoreA Brief Biography of Entrepreneurship Essay1397 Words   |  6 Pages1. Introduction In times of crisis, the economy needs new ideas to bring about a change to reactive safely the economy and provide more confidence to the customers. Entrepreneurship plays an important role in the sustainable growth in the economy performance. Innovation and creativity have been never easy, however, in a globalized world that is struggling to recover from a major economic crisis, they play a vital role to recover the economy, becoming the new core competencies of corporationsRead MoreGlobal Business : Franchising Of Brazil1713 Words   |  7 PagesGlobal Business - Franchising in Brazil 1. Country Background 1.1 Brazil - Federative Republic of Brazil 1.2 Neighboring countries include Argentina, Bolivia, Colombia, French Guiana, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela (â€Å"Country Report – Brazil,† 2015). 1.3 The territorial size of the country is 8,515,800 sq. km 1.4 Brazil’s population is 201,032,714 (â€Å"Country Report – Brazil,† 2015). 1.5 Brazil’s political system is a federal republic and its Constitution confers powers toRead MoreThe Readiness for Entrepreneurship Training Project855 Words   |  4 PagesThe name of project is the â€Å"Readiness for Entrepreneurship (RE)†. The RE program helps the targeted people who are unemployed, and are interested in starting a business at the local level (for cities or counties). Once applicants are selected by objective criterion, the admitted applicants are eligible to get education of specific skills for six months or one year. The period of training will be depending on the area of establishment. In addition, the applicants may have financial supports afterRead MoreHey India1828 Words   |  8 Pagesfields like commercial entrepreneurship or family firms) potential subjects for those wanting to study founders of social ventures.   Moreover, due to the global nature of the field, social entrepreneurs tend to be a disbursed group.   Add to this the fa ct that there is little government-mandated public information on most social enterprises (as is the case with publically-traded firms, for example), and one can understand why few empirical studies on social entrepreneurship have gone beyond case studiesRead MoreIndi An Emerging Economy Country1723 Words   |  7 Pagestowards consultancy and software services. ENTREPRENEURSHIP IN INDIA Discussing the type of entrepreneurship in India, basically it comes down to the motive behind the entrepreneurs in general, that one can distinguish whether it is necessity oriented or growth oriented. Some research has studied the relationship between entrepreneurship and unemployment. For example, Bogenhold and Staber (1990) established a positive co-relation between entrepreneurship and unemployment across various emerging nationsRead MoreShaping Ideas For The Market1563 Words   |  7 Pages Shaping ideas for the market Creating a service platform application for Make up, Nail and Hair artists Zienat Hanif 8594436 Abstract In this paper I will introduce the topic on Entrepreneurship what the definition is and what we can expect from entrepreneurs, this will include their characteristics, traits and behaviours.  In this assignment I will also introduce my idea to create a service platform for Nail stylists, Hairdressers and Make up artists which I believe will give