The Impact of Globalization on the Retail Industry in...

The impact of Globalization on the Retail Industry in South Africa by Niezaam Jedaar 18 March 2011 Submitted as part of the requirements for Business Fundamentals in the B Tech (I.T.) program at the Cape Peninsula University of Technology PLAGIARISM DECLARATION Plagiarism is defined as the unacknowledged or unattributed copying of material from any information source whether written, printed or electronic. This includes copying from a fellow student. The use of such material is a form of fraud and is clearly unethical. All essays and related material submitted as part of a module assessment must be accompanied by the following signed declaration. I declare that the following work, which I am submitting for assessment,†¦show more content†¦Ã¢â‚¬ ¢ Easier access to the global market Dasgupta Kiely (2006: 269-270) states that technology has improved immensely over the last two decades and has paved the way for businesses to take advantage of the global market more easily which is accessible to them now. They are now able sell their products to consumers because of the increase of people with access to the internet with no regard to their location. Advancement of courier services and technology makes it easy for consumers to purchase goods online from companies through their websites. Technology has made the world more interconnected and allows people to cross borders and diverge into other cultures products. Not only will people access other cultures products through cyberspace but people are traveling more to experience it first-hand. Communication technology has to be one of the most powerful tools that are driving G lobalization. †¢ Global access to goods and services Dunning (2000: 84-85) clarifies that Globalization has changed the way business is being conducted. As more and more companies partake in Globalization it offers potential for a competitive advantage. Businesses and consumers have a bigger range of products and services to make use of. Businesses are now able to buy material from anywhere in the world and they have the choice to outsource some of their business services like for example establishing a call centre in Asia somewhere while they are basedShow MoreRelatedLiterature Review-Fdi in Retail1349 Words   |  6 PagesRETAIL MARKETING PROJECT INTERIM REPORT LITERATURE REVIEW AN EMPIRICAL STUDY OF THE GROWTH PROSPECTS AND PROFITABILITY OF FDI IN RETAIL SEGMENTS OF INDIA Submitted to: Prof. Sapna Parashar Date: 23-07-2008 Submitted by: Arnab Sinha 071108 INDEX INDEX 2 CONCEPTUAL ANALYSIS 3 Summary of Retail Market in India and FDI in Indian Retail 3 Read MoreGlobalization and Human Resource Management Strategies1608 Words   |  6 Pagesï » ¿ Globalization and HRM Strategies The Enterprise - Starbucks This paper will discuss the Starbucks Corporation concerning globalization and its HRM strategies. Starbucks is a company which prides itself on being a leader in the industry of coffee-brewers and coffee-houses, brewing the highest quality, most ethically grown beans for the most superior roasting experience, as stated on their official website. The Starbucks Company has always believed in fostering a high level of excellence thatRead MoreReflective Portfolio Of Business And Management2595 Words   |  11 Pages2) Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Page 5 3) Background of industries †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Page 5 4) PESTEL Analyse†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Page 6 5) CAGE Model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦... Page 7 6) YIP’s model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Page 9 7) Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 11 8) References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Page 12 Executive Summary In this portfolio I have broke down and clarified about global retail business and Civil Aero-engineering. In this task I have expoundedRead MoreSake Etiek1900 Words   |  8 Pages1) Is Wal-Mart’s rapid rise to retail dominance a positive or negative economic development? A) Karl Marx Karl Marx’s theory is based on the surplus value (Karl Marx s theories? .2008). According to Karl Marx capitalists are able to exploit workers(doing involuntarily labour as a mere means to an end and not as an end in itself) because they only have labour to offer and this could be their only source of income, thus resulting in workers getting paid less than value created by their labourRead MoreGlobalization of South Africa8279 Words   |  34 PagesTHE RAINBOW NATION, GOING BEYOND THE HORIZON - GLOBALIZATION OF SOUTH AFRICA – ABSTRACT This paper examines the advantage, disadvantage, trade and FDI in SA from globalization perspective. South Africa(SA) is the one of the post BRICs country and it has largest economy market in Africa. Following the democratic elections of 1994, SA corporations moved with alacrity into the rest of Africa and beyond. Mining houses led the way, followed by manufacturers and financial institutions. MultinationalRead MoreThe Luxottica Group : An Italian Eyewear Company1636 Words   |  7 Pagesinclude LensCrafters and Pearle Vision brands, Asia-Pacific with OPSM and Laubman Pank brands, and in South America with the GMO brand. Luxottica also operates points of sale for its retail licensed brands in North America under the Sears Optical and Target Optical brands. Luxottica is comprised of global sun and luxury retail organizations in support and reinforcement of the brands global retail brands dedicated to sun and luxury eyewear which include Sunglass Hut, ILORI and The Optical ShopRead MoreDebeers Case Study/Pov1422 Words   |  6 PagesC.Lo April 11, 2013 DeBeers Consolidated Mines Ltd. 1st POV Situation: DeBeers Consolidated Mines Limited (DBCM) occupies a major presence in the diamond industry. Discoveries of diamonds in the late 1800s were pioneered in South Africa, in which DeBeers held a heavy monopoly over. Since then, they have cultivated an impressive track record and leadership position. The Central Selling Organization (CSO) controls and regulates the flow and sale of rough diamonds, and was acquired by DeBeers inRead MoreThe Macro Environment Deals With The External And Uncontrollable Factors Of A Business1762 Words   |  8 PagesTFG’s share value decreased and this meant that the value of TFG decreased as well. Majority of the textile industries are privately owned and the government’s objective is to interfere and cannibalize the private sector ownership in order to have 50% government ownership and 50% private ownership. The ANC are currently using the race card to drive these objectives. Economic: South Africa is currently going through a recession and there has been a variety of aspects that have added to this financialRead MoreSouth Afric A Key Source Of Foreign Exchange1788 Words   |  8 Pages 1.0 Introduction â€Å"South Africa is one of the most diverse and enchanting countries in the world; exotic combinations of landscapes, people, history and culture offer the traveler a unique and inspiring experience† (EdusouthAfrica.com, 2016). South Africa is positioned in the southern part of Africa which borders 7 countries and has 3 capitals which deals with different aspects of laws to enable to country to run efficiently. However, with the country being one of the continents largestRead MoreGlobalization And Its Impact On The World Economy2126 Words   |  9 Pagesthe world economy. Although it is not a new phenomenon (waves of globalisation can be traced back to the 1800s) the changes it is bringing about now occur far more rapidly, spread more widely and have a much greater business, economic and social impact than ever before. Globalisation has benefitted Australia greatly because of the business connections it has with other countries around the globe, which has allowed business to grow and expand not just in size but also product range. Globalisation

Should Minimum Wage Be Raised - 870 Words

Should Minimum Wage Be Raised? Minimum wage has always been a controversial issue. Many politicians use the argument of minimum wage for their own political propaganda. Some may argue minimum wage should be raised, while others believe it will have detrimental effects on our economy if it is raised. Surprising to most people, minimum wage earners make up only a small percent of American workers. According to the Bureau of Labor Statistics, minimum wage workers make up about 2.8% of all workers in America. â€Å"The majority of minimum wage workers are between the ages of 16 and 24. These are high school and college students† (Sherk 2). But high school and college students are not the entire percentage of minimum wage earners. When minimum†¦show more content†¦Next, another problem the rise of minimum wage poses is the rise of inflation. If employers are required to pay their employees more, then they need to do something to compensate for the extra money they are losi ng. With this in mind, employers would have to increase the prices of goods. But sometimes raising prices is not an option for employers. â€Å"If a business cannot simply pass along its new labor costs, it must somehow absorb them—by eliminating workers rendered unproductive by the new minimum wage, by replacing labor with more-productive machines, or by cutting production† (Intorduction 2). This brings back the issue of minimum wage causing a dramatic increase in unemployment. Sherk believes it is the wrong time to increase minimum wage, due to the fact that America is currently in a recession. The right time to think about raising minimum wage would be when the unemployment rate drops drastically. Sherk states â€Å"In 2007, Congress voted to increase the minimum wage, raising it in three $0.70 increments from $5.15 to $7.25 an hour. The final installment represents a 10 percent increase in the cost of hiring minimum wage employees† (Sherk 1). Seemly inflatio n and minimum wage increases influence each other. The problem of inflation increases the price of goods, which is obviously an increase in theShow MoreRelatedMinimum Wage Should Be Raised?958 Words   |  4 PagesMinimum Wage Louis Montgomery III English Composition 101 Mrs. Blackwell April 23, 2015 Minimum Wage Do minimum wage jobs help pay the bills? Do minimum wage jobs support the family? Should minimum wage be raised? Will raising the minimum wage reduce poverty? The idea of minimum wage jobs is to help people get work experience without having any skills. Most minimum wage jobs include fast food restaurants and grocery stores. Minimum wageRead MoreShould Minimum Wage Be Raised?1062 Words   |  5 Pagesever pressing question regarding Minimum wage. Not many subjects can ignite a controversy as quickly as that of whether or not minimum wage should be raised, or by how much should it be raised or if it should remain the same. What is minimum wage? By definition, minimum wage is the minimum hourly wage an employer can pay an employee for work. (â€Å"MinimumWage.com†) America’s minimum wage was first introduced by President Franklin D. Roosevelt in 1938. That minimum wage was introduced as part of the FairRead MoreShould Minimum Wage Be Raised? Essay1596 Words   |  7 Pagesgovernment has so generously termed the â€Å"minimum wage†. In Missouri, the minimum wage has been set at a rather appalling $7.65 per hour while in other states there are wages starting as high as $10. Though arguably the economy is not as sluggish and terrible as it once was, $7.65 per hour will not help those who have children, no college degree and debts to pay. It is not only Missouri that has minimum wage laws, but every other state in America has minimum wage laws in place. Both California and SeattleRead MoreMinimum Wage Should Be Raised1145 Words   |  5 PagesThe current minimum wage is $7.25, which equals two gallons of milk, one fast food meal or two gallons of gas. Can you imagine yourself working 12-hours a day and only having enough money to p ay for rent and put food on the table for your family? With working all those long hours, you can barely afford to pay your utility bills and after that you don’t have enough money or time for luxuries like clothing or vacation. You have no savings as matter of fact, you are in a huge debt and you are livingRead MoreMinimum Wage Should Be Raised935 Words   |  4 PagesMinimum wage is an ongoing debate in the United States. There are some people who think that it should be raised to a higher rate and others who think that it should not. There are many different pros and cons with raising minimum wage. Minimum wage is at a balanced rate that should not be raised due to lack of skill, low education, and economic problems. Jobs that require minimum wage are created for young adults who are in college or high school. They are to help one get one on their feet so thatRead MoreMinimum Wage Should Be Raised910 Words   |  4 Pagesmaximize the American Dream on the minimum wage† (Benjamin Todd Jealous). In 1938, minimum wage was created by the federal government in order to protect workers by ensuring a minimum of twenty-five cents per hour worked. Though President Roosevelt had the right idea in protecting the workforce, something needs to be done to ensure that Americans are getting a reasonable amount of money for the amount of hours they have worked. As Benjamin Todd Jealous stated, minimum wage is not enough for the averageRead MoreThe Minimum Wage Should Be Raised998 Words   |  4 Pagesprestigious job at such a young age. However that is not the case, if the minimum wage is raised to $15 an hour, a 16 year old could make $18,000 yearly working only 25 hours a week at McDonalds. Now for tee nagers that have goals for college or a car, that would money to set aside for the future, however most 16 year olds do not have those goals in mind yet, so that extra money turns into wasted money. As of February 2016 the minimum wage ranges anywhere from $7.25-$10 across the United States. Florida’sRead MoreMinimum Wage Should Not Be Raised863 Words   |  4 Pagesthan triple the minimum wage. If the minimum wage is increased, it would eliminate people’s incentives to improve. On top of that, inflation would occur, and poverty would virtually stay the same. In addition, raising the minimum wage would bring on hardship for small businesses. Of course, one may argue that the minimum should cover the cost of living, but people should have to work for their money. The minimum wage should not be raised in the United States. If the minimum wage were to go up, peopleRead MoreThe Minimum Wage Should Not Be Raised858 Words   |  4 PagesRepublican presidential candidate, Ted Cruz, is of the opinion that the Minimum wage should not be raised. This is a large issue as the current federal minimum wage of $7.25 is not enough to support basic living costs in a fair number of states. Ted Cruz highlights the consequences of raising the minimum wage yet ignores the cons of it remaining static (Ted Cruz on the Minimum Wage). In an article in The Atlantic, the discussion of the cost of living is brought up. The article talks about how theRead MoreShould Minimum Wage Be Raised?1337 Words   |  6 Pagesnot to raise the minimum wage in America has been a widely discussed topic for years. Minimum wage refers to the smallest amount of money a worker can legally be paid in the U.S. It was first signed into law in 1938 by President Franklin Roosevelt in order to keep workers out of poverty and as it stands, the current federal minimum wage in the U.S. is $7.25 per hour. (United States Department of Labor). Today, while some are even questioning the significance of having a minimum wage at all, others

Explorations of Astrology Free Essays

One of astrology’s first graces on human minds was with the Babylonians and Ancient Egyptians, and then spread throughout the Arab world. Since, there has been explorations of astrology through manuscripts and celestial objects made by Arab craftsmen. Many islamic ornamental motifs and architecture references astrological findings. We will write a custom essay sample on Explorations of Astrology or any similar topic only for you Order Now The Islamic calendar says that the day begins at sunset and the five prayers start from that time. Adjusting times for prayer grew out of observing the heavens, a practice known since the ancient Egyptians and Babylonians. The Arabs, for centuries, studied the sky and examined the groups of stars and phases of the moon on their long desert travels. This education of space was adapted and developed to conform to the practice of Islam. During the medieval period of the Islamic world, the science of astrology as a branch from astronomy was translated by the Greeks into Arabic, along with Sasanian, Indian and ancient Egyptian influences, allowing more scientific and mathematical development by mathematicians and scientists of the Arab world. The subject came to be a very popular one, as it was taken interest in by scholars such as Abu Ma’shar al-Balkhi, al-Biruni, and Nasir al-Din al-Tusi. There is evidence of this topic being widespread throughout the Islamic world, such as manuscripts and astrological records found in al-Fustat in Egypt. Since there has proven to be much scientific evidence and involvement in the study of the stars and planets, how did this outbreak of information in the Islamic world affect Islamic Art? And why was it so significant?There is much architecture, objects and textiles from the Islamic World that express the significance of this topic, such as Qusayr ‘Amra (figure 1) in Jordan, built by Umayyad caliph Walid II in the early 8th century, which features a frescoed caldarium ceiling depicting the twelve Zodiac constellations. The exterior of the construction is very minimal; the only ornamentation being small domes and triple arches. Otherwise, the ornamentation becomes servant to the architecture. The techniques that were contributed into constructing Qusayr ‘Amra references the Roman and Byzantine techniques: predominately limestone and terracotta brick, along with other types of stones. The frescoed ceilings in the caldarium, or the hot plunge bath, is said to be the earliest depiction of the stars painted on a domed surface. It features 35 recognizable constellations along with, as mentioned previously, twelve zodiacs. There has been reported to be one mistake: the order of the stars in the counterclockwise direction, which tells that it is possible that the fresco was copied from a flat surface. This fresco, however, is not the only one in Qusayr ‘Amra: there were many brilliant murals in several of the other chambers that suggest that the caliphs of this â€Å"pleasure palace† lived a luxurious lifestyle. This luxury tells of an involvement in The use of imagery in relation to astrology began in the twelfth century, and eventually taken in for its visual decorative quality, by the Ghaznavids and the Seljuqs among others, and they adopted it with their own meanings and influences. The gilded and over glazed bowl (figure 2) depicts figures very close to those of the Kashan. There is Kufic inscriptions around the rim of the bowl, and the focal point is the sun-shaped face in the center, with a classical depiction of the six planets surrounding it. There are images of figures sitting on thrones, riding on horseback, and playing instruments composed in a radial composition, following the form of the object. The only two seated figures on thrones sit across from each other on the band, with the other figures surrounding it. This motif combines two different motifs that are common in Islamic art together: the image of figures performing activities or in a scene depicted centrally to the object, as can be seen in the Stain- and overglaze-painted bowl (Ettinghausen, Grabar, Jenkins-Madina, 175), for example, and images of a single figure repeated to create a visual pattern, as demonstrated in the outer rim of Glazed and lustre-painted composite-bodied bowl (Ettinghausen, Grabar, Jenkins-Madina, 174). This royal bowl is very similar to the Stain- and overglaze-painted beaker (Ettinghausen, Grabar, Jenkins-Madina, 176) in the way that it has different tiers showing different figures in action repeated across the band of the beaker. The copper-alloy mirror (figure 3) is another royal artifact that utilizes the zodiacs as symbols of power made for Artuqid ruler Artuq Shah. The heavy-relief bird in the center of the mirror How to cite Explorations of Astrology, Papers