Marketing Consultancy Division (MCD) Export Consultancy Unit (ECU) Export in Focus. Export Market Expansion Strategies. Rabi-I, 1427 (April, 2006)

Size: px
Start display at page:

Download "Marketing Consultancy Division (MCD) Export Consultancy Unit (ECU) Export in Focus. Export Market Expansion Strategies. Rabi-I, 1427 (April, 2006)"

Transcription

1 Marketing Cnsultancy Divisin (MCD) Exprt Cnsultancy Unit (ECU) Exprt in Fcus Exprt Market Expansin Strategies Rabi-I, 1427 (April, 2006) 1

2 Exprt Market Expansin Strategies Intrductin It is clear that glbalizatin and the cncept f freign trade have predminated in mst business literature and practical experience fr the last five decades. Besides that, there has been cnsiderable develpment in terms f methds f cmmunicatin and means f transprtatin. As a result f the decline r remval f trade barriers and the reductin in cmmunicatin and transprtatin csts an rganizatin n lnger has t be large t perate internatinally. Cnsequently, many lcal cmpanies have tried t expand their peratins and btain a fthld in new freign. Reasns fr the expansin in internatinal business can be explained by a rapid increase in technlgy, liberalizatin f gvernment plicies, develpment f institutins facilitating internatinal trade and increased glbal cmpetitin. One f entry mde strategies that available fr SME's is exprting. In fact, the ptin f exprting requires a bundle f issues that shuld be cped t guarantee readiness f SME's fr exprting t freign. After making sure f the readiness f a cmpany fr exprting, the first issue shuld be discussed is type f exprt market expansin strategy. Indeed, the type f market strategy varies frm ne cmpany t anther cmpany. And selecting a particular market strategy depends n several factrs and deep analysis fr the external and internal envirnment. In this reprt, available exprt market expansin strategies and factrs that might influence a decisin f selecting ne f these strategies wuld be discussed. Exprt Market Expansin Strategy Exprt market expansin strategy is defined as the lng-range strategic decisin as t the rate f exprt market expansin ver time and the allcatin f marketing effrts amng different exprt. Market expansin strategy relates t the number f cuntries that a firm want t enter. Basically, the cmpany has tw generic market strategies t chse 2

3 frm, a market cncentratin strategy r a market diversificatin/spread strategy. Market cncentratrs are fcusing n a few selected while rganizatins utilizing a diversificatin strategy are fcusing n a larger number f. Hwever, The rganizatin and the surrunding envirnment affect the chice f a cmpany's market expansin strategy. There are mrever, three dimensins an rganizatin has t cnsider when chsing a market expansin strategy. These dimensins can be described as internatinal spread, internatinal penetratin and internatinal crdinatin. Internatinal spread can be described as the quantity f cuntries the cmpany is engaged in. The secnd dimensin internatinal penetratin is the extent f the turnver, internatinal investments r types f activities in ne cuntry r in the internatinal market cmpared t the hme market. The third and last dimensin, internatinal crdinatin means the synchrnizatin f the internatinal activities. These dimensins and the cmbinatin f them can serve as a base when a cmpany cnsiders its chice f market expansin strategy. Diversificatin / Spread Strategy The main bjective with a market diversificatin strategy is t achieve high rates f return while a lw level f resurces is allcated t each market. Advantages with this strategy include flexibility and the pssibility t diversify risks and investments. A cmpany perating in many cuntries can reduce risks since a dwnturn in ne cuntry can be cmpensated by grwth in anther. This might als stabilize an rganizatins verall earnings. Furthermre, since cmpetitin varies amng prfits in less cmpetitive cuntries can be directed t where the cmpetitin is mre intense. An rganizatin fllwing this strategy usually chses easily available target and the entry mde is likely t be exprting r licensing. The success f this strategy is therefre dependent n the firm selecting the mst apprpriate distributrs and licensees. Furthermre, t make it easier and less expensive t be present in numerus cuntries prduct mdificatins are unlikely t be mre than necessary t meet general needs and preferences in the market. Mrever, the rganizatins are generally seeking high margins and will therefre try t charge high prices. Hwever, in the lnger term sme authrs believe that a diversificatin strategy will result in a reductin in the number f as sme becmes less prfitable. 3

4 Cncentratin / Key Strategy A cncentrated strategy is characterized by a slw rate f grwth in the targeted. Advantages with this strategy include specializatin, ecnmies f scale and a high degree f cntrl. A cncentrated strategy is based n a lnger-term view n pprtunities, prfits and sales in a market. When entering freign a firm fllwing this strategy cmmits a lt f resurces with the aim fr lng-term prfitability thrugh market penetratin. Mrever, the rganizatin tries t establish lng-term relatinships t ensure that the firm's prducts, image and reputatin are handled in an apprpriate way. The cmpany als tries t develp gd relatinships with suppliers, custmers and gvernmental institutins. Further, cncentratin n key market prvides firms with the chice t specific requirements, design and develp fferings adapted t meet buyer needs, establish and maintain a lng-term marketing presence, and minimize csts while maximizing the returns frm individual. Prices are charged n the basis f sales grwth, which increases the chance f gaining a cmpetitive advantage in pricing. Furthermre, the firm is likely t adapt its prduct t satisfy particular needs and preferences in each f the freign. Influencing Factrs Needles t say that, a decisin f market expansin are influenced by a number f factrs. These, factrs can be categrized int cmpany, prduct, market and marketing factrs. Indeed, each factr includes a number f issues that shuld be cnsidered in the frmulatin f a market expansin strategy. With regard a cmpany's factrs, bjectives and gals f a firm and a mindset f management play a significant rle in determining a market expansin strategy. Furthermre, nature f prduct that is intended t be exprted and its stage f life cycle influence the decisin f an expansin strategy. Mrever, characteristics f market such as size f segment and level f cmpetitin have a cnsiderable impact n a market strategy decisin. Finally, marketing activity used by a cmpany such as cmmunicatin and advertisement shape a market expansin strategy. All these factrs shuld be analyzed tgether t select the suitable market expansin strategy. The table belw illustrates framewrk f the situatinal factrs influencing the chice f market expansin strategy. 4

5 Factrs Favuring Cuntry Diversificatin Factrs Favuring Cuntry Cncentratin Cmpany factrs Little market knwledge Ability t pick best High management risk cnsciusness Lw management risk cnsciusness Gal f grwth thrugh market develpment Gal f grwth thrugh market Internal barriers penetratin Practive exprt stimuli Internal barriers Reactive exprt stimuli Prduct Factrs Early r late in prduct life cycle Middle f prduct life cycle Standard prduct saleable in many market Prduct requires adaptatin t different Few changes in the prductin prcess Nature f the prduct (niche prduct) Many changes in the prductin prcess Limited use Nature f the prduct (general prduct) Lw sales vlume General use Nn-repeated buying behaviur High sales vlume prduct Repeated buying behaviur prduct Market Factrs Small -specialized segments Many similar New r declining Lw grwth rate in each market Large are very cmpetitive Lw custmer lyalty Standardized cmmunicatin in many Lw cmmunicatin csts fr additinal Lw rder handling csts fr additinal High spill ver affects amng cuntries Surce: Adapted frm Hllensen, (1998) Cnclusin Marketing Factrs Large -high vlume segments Limited number f Mature High grwth rate in each market Large are nt excessively cmpetitive High custmer lyalty Cmmunicatin requires adaptatin t different High cmmunicatin csts fr additinal High rder handling csts fr additinal Lw spill ver effects amng cuntries An exprter shuld frmulate a generic exprt strategy prperly t meet with his external and internal envirnment. Als it is recmmended fr an exprter t cnsider pssible influences in terms f cmpany, prduct, market and marketing factrs. In the same cntext, ECU shuld advice any new exprter t determine the exprt market expansin strategy (generic exprt strategy) and apply abve analysis t cme up with the apprpriate strategy, which fit with his situatin. 5

What broader insights would you want to explore first to answer the CEO s questions?

What broader insights would you want to explore first to answer the CEO s questions? Setup The CEO f a majr client has requested a shrt-term study examining a small part f the client s prduct prtfli. The cmpany has a small divisin that manufactures autmatic drip cffeemakers fr the US and

More information

White Paper on Business Process Outsourcing in Automotive Industry

White Paper on Business Process Outsourcing in Automotive Industry White Paper n Business Prcess Outsurcing in Autmtive Industry Intrductin As autmtive industry is stepping int a market landscape which is favrable t it, there is untapped market ptential which is critically

More information

AN ROINN OIDEACHAIS THE LEAVING CERTIFICATE

AN ROINN OIDEACHAIS THE LEAVING CERTIFICATE AN ROINN OIDEACHAIS THE LEAVING CERTIFICATE BUSINESS SYLLABUS (HIGHER LEVEL and ORDINARY LEVEL 1 Cntents Preamble (ii) 1. Intrductin 1 2. Structure f the syllabus 3 3. Business syllabus Peple in business

More information

The Importance of Market Research

The Importance of Market Research The Imprtance f Market Research 1. What is market research? Successful businesses have extensive knwledge f their custmers and their cmpetitrs. Market research is the prcess f gathering infrmatin which

More information

TERM OF REFERENCE. for the English Based Curriculum Development (Primary) for Westline Education Group

TERM OF REFERENCE. for the English Based Curriculum Development (Primary) for Westline Education Group TABLE OF CONTENT TERM OF REFERENCE fr the English Based Curriculum Develpment (Primary) fr Westline Educatin Grup 1- Cmpany Backgrund. 2 2- Strategic Challenges. 2 3- Cnsultancy Objectives. 2 4- Purpse

More information

Policy on Free and Open-source Software. Government Policy of Iceland

Policy on Free and Open-source Software. Government Policy of Iceland Plicy n Free and Open-surce Sftware Gvernment Plicy f Iceland Prime Minister s Office December 2007 Intrductin Free and pen-surce sftware is sftware based n a surce cde which the authrs chse t make public

More information

HUMAN RESOURCE DEVELOPMENT FOR ADJUSTMENT AT THE ENTERPRISE LEVEL

HUMAN RESOURCE DEVELOPMENT FOR ADJUSTMENT AT THE ENTERPRISE LEVEL INTERNATIONAL LABOUR ORGANISATION ACT/EMP PUBLICATIONS [Tp] HUMAN RESOURCE DEVELOPMENT FOR ADJUSTMENT AT THE ENTERPRISE LEVEL Training Prgramme (Edited by C.S. Venkata Ratnam) [Next] Table f Cntents Intrductin

More information

Cisco Innovation 2005 Study. Select Findings. August 2005

Cisco Innovation 2005 Study. Select Findings. August 2005 Select Findings August 2005 1 Objectives & Methdlgy Data Cllectin Timeframe: July 8-18, 2005 Respndent Prfile: Cmpany Prfile: Key Gegraphies: 635 ttal respndents 542 business decisin makers 93 IT decisin

More information

This report provides Members with an update on of the financial performance of the Corporation s managed IS service contract with Agilisys Ltd.

This report provides Members with an update on of the financial performance of the Corporation s managed IS service contract with Agilisys Ltd. Cmmittee: Date(s): Infrmatin Systems Sub Cmmittee 11 th March 2015 Subject: Agilisys Managed Service Financial Reprt Reprt f: Chamberlain Summary Public Fr Infrmatin This reprt prvides Members with an

More information

THE CHALLENGES OF GLOBALIZATION FOR SMES IN TANZANIA. Prepared by Tanzania Chamber of Commerce Industry and Agriculture

THE CHALLENGES OF GLOBALIZATION FOR SMES IN TANZANIA. Prepared by Tanzania Chamber of Commerce Industry and Agriculture THE CHALLENGES OF GLOBALIZATION FOR SMES IN TANZANIA Prepared by Tanzania Chamber f Cmmerce Industry and Agriculture 1 1. Intrductin: Definitins Glbalizatin: Every ne f 2,822 academic papers written n

More information

Pilot marketing plan for a small & medium business park in Greece

Pilot marketing plan for a small & medium business park in Greece Pilt marketing plan fr a small & medium business park in Greece Dr. Kstas Knstantinu, ANATOLIKI s.a. Christs Karabatss, Penny Mikelpulu, HIGH FIDELITY s.a. Internatinal cnference n Green marketing and

More information

Network of International Business Schools

Network of International Business Schools Netwrk f Internatinal Business Schls WORLDWIDE CASE COMPETITION Sample Case Analysis #4 Qualificatin Rund submissin frm the 2015 NIBS Wrldwide Case Cmpetitin, Ottawa, Canada Case: Ethipian Airlines: Bringing

More information

Employee Engagement Business Case

Employee Engagement Business Case Emplyee Engagement Business Case A Peple & Culture White Paper Emplyee Engagement Business Case Purpse This dcument is a mdule frm the Peple & Culture training curse n Strategic Emplyee Engagement. The

More information

Succession Planning & Leadership Development: Your Utility s Bridge to the Future

Succession Planning & Leadership Development: Your Utility s Bridge to the Future Successin Planning & Leadership Develpment: Yur Utility s Bridge t the Future Richard L. Gerstberger, P.E. TAP Resurce Develpment Grup, Inc. 4625 West 32 nd Ave Denver, CO 80212 ABSTRACT A few years ag,

More information

The Importance Advanced Data Collection System Maintenance. Berry Drijsen Global Service Business Manager. knowledge to shape your future

The Importance Advanced Data Collection System Maintenance. Berry Drijsen Global Service Business Manager. knowledge to shape your future The Imprtance Advanced Data Cllectin System Maintenance Berry Drijsen Glbal Service Business Manager WHITE PAPER knwledge t shape yur future The Imprtance Advanced Data Cllectin System Maintenance Cntents

More information

THE MICROFINANCE ASSOCIATION Training Programme London, UK

THE MICROFINANCE ASSOCIATION Training Programme London, UK THE MICROFINANCE ASSOCIATION Training Prgramme 2016 Lndn, UK The Micrfinance Asscatin, Science and Innvatin Centre, NUCLEUS Brunel Way, DA1 5GA, United Kingdm Tel: +44 (0) 1322 312078 ade@micrfinanceaassciatin.rg

More information

Basics of Supply Chain Management

Basics of Supply Chain Management The Champlain Valley APICS Chapter is a premier prfessinal assciatin fr supply chain and peratins management and wrking tgether with the APICS rganizatin the leading prvider f research, educatin and certificatin

More information

Better Practice Guide Financial Considerations for Government use of Cloud Computing

Better Practice Guide Financial Considerations for Government use of Cloud Computing Better Practice Guide Financial Cnsideratins fr Gvernment use f Clud Cmputing Nvember 2011 Intrductin Many Australian Gvernment agencies are in the prcess f cnsidering the adptin f clud-based slutins.

More information

Standardization or Harmonization? You need Both

Standardization or Harmonization? You need Both Standardizatin r? Yu need Bth Albrecht Richen and Ansgar Steinhrst Recently the CFO f a majr cnsumer electrnics cmpany stated, We dn t need standardizatin f ur wrldwide prcesses, we need harmnizatin. Is

More information

The actions discussed below in this Appendix assume that the firm has already taken three foundation steps:

The actions discussed below in this Appendix assume that the firm has already taken three foundation steps: MAKING YOUR MARK 6.1 Gd Practice This sectin presents an example f gd practice fr firms executing plans t enter the resurces sectr supply chain fr the first time, r fr thse firms already in the supply

More information

India vs. China The Outsourcing War

India vs. China The Outsourcing War Flexsin Technlgies (P) Limited India vs. China The Outsurcing War The glbal utsurcing market has evlved ver the years and has redefined the apprach f ding business. The utsurcing vendrs are prviding strategic

More information

Entrepreneur Purchasing Recommendations for CRM

Entrepreneur Purchasing Recommendations for CRM Entrepreneur Purchasing Recmmendatins fr CRM Salesbm.cm Mst business wners wuld tend t agree that they dn't necessarily think f themselves as entrepreneurs, they are just peple running a business, making

More information

WHITE PAPER. Vendor Managed Inventory (VMI) is Not Just for A Items

WHITE PAPER. Vendor Managed Inventory (VMI) is Not Just for A Items WHITE PAPER Vendr Managed Inventry (VMI) is Nt Just fr A Items Why it s Critical fr Plumbing Manufacturers t als Manage Whlesalers B & C Items Executive Summary Prven Results fr VMI-managed SKUs*: Stck-uts

More information

Stream Group Ltd Claims Services Division Update. Paul Lynch- CEO Stream Claims Services February 2015. Stream Group Limited ABN: 90 128 027 501

Stream Group Ltd Claims Services Division Update. Paul Lynch- CEO Stream Claims Services February 2015. Stream Group Limited ABN: 90 128 027 501 Stream Grup Ltd Claims Services Divisin Update Stream Grup Limited ABN: 90 128 027 501 Paul Lynch- CEO Stream Claims Services February 2015 Stream Grup Ltd 2015. All Rights Reserved. Disclaimer 2 Crprate

More information

NHPCO Guidelines for Using CAHPS Hospice Survey Results

NHPCO Guidelines for Using CAHPS Hospice Survey Results Intrductin NHPCO Guidelines fr Using CAHPS Hspice Survey Results The Centers fr Medicare and Medicaid Services (CMS) has develped the Cnsumer Assessment f Healthcare Prviders and Systems (CAHPS ) Hspice

More information

Atom Insight Business Solution Bundles www.atominsight.com

Atom Insight Business Solution Bundles www.atominsight.com Atm Insight Business Slutin Bundles V1.1 Feb 2011 CONTENTS Figures... 2 Abstract... 3 Capability stages... 4 Capability levels... 6 Imprving capabilities walking befre yu run... 7 Shrt term targeted slutins...

More information

HOW TO SELECT A LIFE INSURANCE COMPANY

HOW TO SELECT A LIFE INSURANCE COMPANY HOW TO SELECT A LIFE INSURANCE COMPANY There will prbably be hundreds f life insurance cmpanies t chse frm when yu decide t purchase a life insurance plicy. Hw d yu decide which ne? Mst cmpanies are quite

More information

1 Focus Area: Water & Urbanization

1 Focus Area: Water & Urbanization 1 Fcus Area: Water & Urbanizatin Water & Urbanizatin addresses Integrated Urban Water Management (IUWM), fld risk management in cities, climate change and urban areas, management f newly urbanized areas,

More information

Design for securability Applying engineering principles to the design of security architectures

Design for securability Applying engineering principles to the design of security architectures Design fr securability Applying engineering principles t the design f security architectures Amund Hunstad Phne number: + 46 13 37 81 18 Fax: + 46 13 37 85 50 Email: amund@fi.se Jnas Hallberg Phne number:

More information

Department of Economic Development. Vocational Training Financial Support Scheme Guidance Document. Updated December 2014

Department of Economic Development. Vocational Training Financial Support Scheme Guidance Document. Updated December 2014 Department f Ecnmic Develpment Vcatinal Training Financial Supprt Scheme Guidance Dcument Updated December 2014 Cntents: 1. Purpse f the Dcument 2 2. Intrductin 2 3. Eligibility 3 4. Financial Assistance

More information

A Quick Read on the State of Small Business and the Small Business Success Index 2009 Baseline Study of Small Business Success

A Quick Read on the State of Small Business and the Small Business Success Index 2009 Baseline Study of Small Business Success A Quick Read n the State f Small Business and the Small Business Success Index 2009 Baseline Study f Small Business Success March 12, 2009 Spnsred by: Netwrk Slutins, LLC and Rbert H. Smith Schl f Business,

More information

CRM and Social Media: Maximizing Deeper Customer Relationships

CRM and Social Media: Maximizing Deeper Customer Relationships Seattle Office: 2211 Ellitt Avenue Suite 200 Seattle, Washingtn, 98121 seattle@avanade.cm www.avanade.cm A glbal IT cnsultancy dedicated t using the Micrsft platfrm t help enterprises achieve prfitable

More information

Annuities and Senior Citizens

Annuities and Senior Citizens Illinis Insurance Facts Illinis Department f Insurance January 2010 Annuities and Senir Citizens Nte: This infrmatin was develped t prvide cnsumers with general infrmatin and guidance abut insurance cverages

More information

Internal Audit Charter and operating standards

Internal Audit Charter and operating standards Internal Audit Charter and perating standards 2 1 verview This dcument sets ut the basis fr internal audit: (i) the Internal Audit charter, which establishes the framewrk fr Internal Audit; and (ii) hw

More information

Cornwall Partners in Care

Cornwall Partners in Care Crnwall Partners in Care Mving Frward Versin 2.0 8 th January 2014 By Richard Mnk Crnwall Partners in Care August 2013 Page 1 f 6 CPIC mving frward This dcument has been created t help prvide a little

More information

Phi Kappa Sigma International Fraternity Insurance Billing Methodology

Phi Kappa Sigma International Fraternity Insurance Billing Methodology Phi Kappa Sigma Internatinal Fraternity Insurance Billing Methdlgy The Phi Kappa Sigma Internatinal Fraternity Executive Bard implres each chapter t thrughly review the attached methdlgy and plan nw t

More information

Captive outsourcing models

Captive outsourcing models Captive utsurcing mdels India TP hygiene wrkshp Presenter: Vishnu Bagri Octber 23, 2013 2013 Transfer Pricing Assciates Hlding B.V. BACKDROP + India has evlved as a premier utsurcing hub fr IT, ITES, engineering

More information

Change Management Process

Change Management Process Change Management Prcess B1.10 Change Management Prcess 1. Intrductin This plicy utlines [Yur Cmpany] s apprach t managing change within the rganisatin. All changes in strategy, activities and prcesses

More information

SUPPLY MARKET ANALYSIS. Guidance Note General 2

SUPPLY MARKET ANALYSIS. Guidance Note General 2 SUPPLY MARKET ANALYSIS Guidance Nte General 2 1 Effective and efficient prcurement plicies, prcedures and practices in cntracting authrities can have a significant impact n btaining value fr mney in the

More information

Request for Resume (RFR) CATS II Master Contract. All Master Contract Provisions Apply

Request for Resume (RFR) CATS II Master Contract. All Master Contract Provisions Apply Sectin 1 General Infrmatin RFR Number: (Reference BPO Number) Functinal Area (Enter One Only) F50B3400026 7 Infrmatin System Security Labr Categry A single supprt resurce may be engaged fr a perid nt t

More information

Copernicus & Big Data: A Perspective from the European EO Services Industry. Geoff Sawyer: EARSC Secretary General

Copernicus & Big Data: A Perspective from the European EO Services Industry. Geoff Sawyer: EARSC Secretary General Cpernicus & Big Data: A Perspective frm the Eurpean EO Services Industry. Geff Sawyer: EARSC Secretary General What is EARSC? EARSC is a trade assciatin (NPO), funded in 1989, which represents cmpanies:

More information

Duration of job. Context and environment: (e.g. dept description, region description, organogram)

Duration of job. Context and environment: (e.g. dept description, region description, organogram) Rle Prfile Jb Descriptin Jb Title Ref n: Prgramme Manager, Services fr Internatinal Educatin Marketing Directrate r Regin East Asia Department/Cuntry Indnesia Lcatin f pst Jakarta Pay Band G Reprts t Senir

More information

CARRIER COORDINATION TEAM. 2015 Plan for Operations Committee

CARRIER COORDINATION TEAM. 2015 Plan for Operations Committee CARRIER COORDINATION TEAM 2015 Plan fr Operatins Cmmittee Overview The CCT supprts the technical and transactinal interfaces fr ur carrier business partners In 2015, we plan t transitin respnsibilities

More information

Importance and Contribution of Software Engineering to the Education of Informatics Professionals

Importance and Contribution of Software Engineering to the Education of Informatics Professionals Imprtance and Cntributin f Sftware Engineering t the Educatin f Infrmatics Prfessinals Dr. Tick, József Budapest Plytechnic, Hungary, tick@bmf.hu Abstract: As a result f the Blgna prcess a new frm f higher

More information

Service Management - Framework 2013

Service Management - Framework 2013 Service - Framewrk 2013 Getting Started Right with Service System Netwrk Firewall Sftware Service App With the right framewrk, enterprises f almst any size small t large can implement effective functinal

More information

POLISH STANDARDS ON HEALTH AND SAFETY AS A TOOL FOR IMPLEMENTING REQUIREMENTS OF THE EUROPEAN DIRECTIVES INTO THE PRACTICE OF ENTERPRISES

POLISH STANDARDS ON HEALTH AND SAFETY AS A TOOL FOR IMPLEMENTING REQUIREMENTS OF THE EUROPEAN DIRECTIVES INTO THE PRACTICE OF ENTERPRISES POLISH STANDARDS ON HEALTH AND SAFETY AS A TOOL FOR IMPLEMENTING REQUIREMENTS OF THE EUROPEAN DIRECTIVES INTO THE PRACTICE OF ENTERPRISES M. PĘCIŁŁO Central Institute fr Labur Prtectin ul. Czerniakwska

More information

NATIONAL CERTIFICATES (VOCATIONAL)

NATIONAL CERTIFICATES (VOCATIONAL) NATIONAL CERTIFICATES (VOCATIONAL) SUBJECT GUIDELINES TRANSPORT ECONOMICS LEVEL 2 IMPLEMENTATION: JANUARY 2012 Transprt Ecnmics Level 2 (January 2012) Natinal Certificates (Vcatinal) INTRODUCTION A. What

More information

Continuing our solid long term growth: Technological diversification strategy. GAMESA VENTURE CAPITAL Madrid, mayo 2011

Continuing our solid long term growth: Technological diversification strategy. GAMESA VENTURE CAPITAL Madrid, mayo 2011 Cntinuing ur slid lng term grwth: Technlgical diversificatin strategy GAMESA VENTURE CAPITAL Madrid, may 2011 Gamesa, in line with the Business Plan 2011 2013, is prgressing its cmmercial and industrial

More information

Concepts in the Medium Emphasis items will be fully assessed within TASC as well, though there will be fewer questions aligned to these standards.

Concepts in the Medium Emphasis items will be fully assessed within TASC as well, though there will be fewer questions aligned to these standards. TASC Scial Studies Withut a cmmn cre fr scial studies, the TASC will use natinal standards created by grups that specialize in fur f the five dmains that the TASC will assess: U.S. Histry, Wrld Histry,

More information

Abut us: We are a mature, leading edge cmpany, with a team f ver 200 experienced emplyees prviding the best ERP prducts in Rmania, with a flawless reputatin and cnslidated psitin n the Rmanian and internatinal

More information

Allocation to Investment Grade Corporate Bonds is it time to reconsider? KPMG Investment Advisory August 2013

Allocation to Investment Grade Corporate Bonds is it time to reconsider? KPMG Investment Advisory August 2013 Allcatin t Investment Grade Crprate Bnds is it time t recnsider? KPMG Investment Advisry August 2013 Intrductin In this paper we take a fresh lk at the investment case fr UK Investment Grade Crprate Bnds,

More information

Dampier Bunbury Pipeline (DBP)

Dampier Bunbury Pipeline (DBP) Limited ABN 59 001 777 591 AFSL 232497 April 2011 (Update) Cst f Debt Summary Paper Dampier Bunbury Pipeline (DBP) IMPORTANT NOTE Nte 1 This dcument has been prepared by AMP Capital Investrs Limited (AMP

More information

SERVICE DESK TEAM LEADER

SERVICE DESK TEAM LEADER 1. PURPOSE OF POSITION The Service Desk Team Leader rle is respnsible fr managing the peratin f the Service Desk. This rle is crucial t ensuring custmer requirements are met in terms f cmmunicatin, priritising,

More information

Here are some simple guidelines to follow for making wise investments:

Here are some simple guidelines to follow for making wise investments: FAQ - Investment 1. What affects the value f mney? Mney has a tendency t lse its value ver time because the price f gds and services has an upward tendency. This is called inflatin. Here are sme factrs

More information

Maintain a balanced budget primarily the General & Park Funds

Maintain a balanced budget primarily the General & Park Funds EXHIBIT B City f Chic Budget Cntingency Plan P The purpse f the Budget Cntingency Plan is t establish a guideline and general apprach t respnd t adverse financial and ecnmic cnditins that culd negatively

More information

Phase 4 - Business Planning

Phase 4 - Business Planning Phase 4 - Business Planning Table f Cntents Overview f the Basics f Business Develpment... 4 What is a business plan and why d we need ne?... 4 Develping a Realistic Business Plan... 4 Writing a Business

More information

Usage of data mining for analyzing customer mindset

Usage of data mining for analyzing customer mindset Internatinal Jurnal f Electrnics and Cmputer Science Engineering 2533 Available Online at www.ijecse.rg ISSN- 2277-1956 Usage f data mining fr analyzing custmer mindset Priti Sadaria 1, Miral Kthari 1

More information

Information Guide Booklet. Home Loans

Information Guide Booklet. Home Loans Infrmatin Guide Bklet Hme Lans This Infrmatin Guide bklet prvides yu with general infrmatin nly. It will als help yu t better understand any recmmendatins we have made fr yu. Infrmatin Guide Hme Lans January

More information

Development of Long-term Relationships with Clients in Financial Sector Companies as a Source of Competitive Advantage 1

Development of Long-term Relationships with Clients in Financial Sector Companies as a Source of Competitive Advantage 1 Petrleum-Gas University f Pliesti BULLETIN Vl. LXII N. 2/2010 1-11 Ecnmic Sciences Series Develpment f Lng-term Relatinships with Clients in Financial Sectr Cmpanies as a Surce f Cmpetitive Advantage 1

More information

Thinking Different About Alternative Financing Options

Thinking Different About Alternative Financing Options Thinking Different Abut Alternative Financing Optins Christpher Mills Senir Business Develpment Officer Federal Natinal Cmmercial Credit This whitepaper will make yu think differently abut alternative

More information

Pay Strategy for Country- Appointed Staff

Pay Strategy for Country- Appointed Staff Pay Strategy fr Cuntry- Appinted Staff Cntents Overview...3 Audience...3 Respnsibilities...3 Glssary...3 Crprate pay philsphy...3 Plicy...4 Perfrmance-related pay...5 Cmmunicating pay infrmatin t staff...5

More information

Business Plan Overview

Business Plan Overview Business Plan Overview Organizatin and Cntent Summary A business plan is a descriptin f yur business, including yur prduct yur market, yur peple and yur financing needs. Yu shuld cnsider that a well prepared

More information

Introduction to Marketing of Financial Services

Introduction to Marketing of Financial Services Intrductin t Marketing f Financial Services Descriptin/Objective: The bjective f this curse is t familiarize the applicants with the basic cncepts f marketing, its scpe and applicatin in the crprate arena

More information

Statewide Strategic Plan for Global Learning in Minnesota. Global Learning Advisory Board. 2013-2018 Five Year Plan

Statewide Strategic Plan for Global Learning in Minnesota. Global Learning Advisory Board. 2013-2018 Five Year Plan 1 Statewide Strategic Plan fr Glbal Learning in Minnesta Glbal Learning Advisry Bard 2013-2018 Five Year Plan Ratinale Students in Minnesta are grwing up in cmmunities that reflect the cultures f the wrld.

More information

Graduate Faculty Committee Doc. No. 1127 Approved January 26, 2009

Graduate Faculty Committee Doc. No. 1127 Approved January 26, 2009 Graduate Faculty Cmmittee Dc. N. 1127 Apprved January 26, 2009 RECOMMENDATION OF THE SUBCOMMITTEE ON GRADUATE COURSE AND CURRICULUM AND THE FACULTY OF THE SCHOOL OF EDUCATION FOR AN ENTITLEMENT TO PLAN

More information

IEMA Practitioner Volume 14 Supporting Information www.iema.net/practitioner/14

IEMA Practitioner Volume 14 Supporting Information www.iema.net/practitioner/14 IEMA Practitiner Vlume 14 Supprting Infrmatin www.iema.net/practitiner/14 Title: Engaging and Re-engineering the Supply Chain Authr: Sam Balch Organisatin: Glbal Actin Plan There are a number f reasns

More information

DTO Advice Note. Mobility Management Plans

DTO Advice Note. Mobility Management Plans DUBLIN TRANSPORTATION OFFICE PREAMBLE s what and why are they? The s are intended as guidance fr Lcal Authrities and thers invlved in land use planning and develpment in the Greater Dublin Area. The need

More information

Online Learning Portal best practices guide

Online Learning Portal best practices guide Online Learning Prtal Best Practices Guide best practices guide This dcument prvides Micrsft Sftware Assurance Benefit Administratrs with best practices fr implementing e-learning thrugh the Micrsft Online

More information

CAPITALISATION PLAN PLAN FOR CAPITALISATION OF PROJECT RESULTS

CAPITALISATION PLAN PLAN FOR CAPITALISATION OF PROJECT RESULTS CAPITALISATION PLAN PLAN FOR CAPITALISATION OF PROJECT RESULTS INTRODUCTION Easy Finance Capitalisatin Plan identifies the strategy t ensure explitatin and sustainability f the prject beynd prject s develpment

More information

IRCA Briefing note: ISO/FDIS 19011:2011 Guidelines for auditing management systems

IRCA Briefing note: ISO/FDIS 19011:2011 Guidelines for auditing management systems IRCA Briefing nte: ISO/FDIS 19011:2011 Guidelines fr auditing management systems Intrductin The Internatinal Register f Certificated Auditrs (IRCA) has prepared this briefing nte t cmmunicate t IRCA Certificated

More information

The Ohio Board of Regents Credit When It s Due process identifies students who

The Ohio Board of Regents Credit When It s Due process identifies students who Credit When It s Due/ Reverse Transfer FAQ fr students Ohi is participating in a natinal grant initiative, Credit When It s Due, designed t implement reverse-transfer, which is a prcess t award assciate

More information

their needs. customer, and suggest alternative products when a customer requested product is not available.

their needs. customer, and suggest alternative products when a customer requested product is not available. Crescent Electrical Supply Cmpany (Denver, CO) - Crescent Electric Supply Cmpany (CESCO) was funded in 1919. Tday, it is ne f the largest electrical distributrs in the United States with ver 140 lcatins

More information

How to Reduce Project Lead Times Through Improved Scheduling

How to Reduce Project Lead Times Through Improved Scheduling Hw t Reduce Prject Lead Times Thrugh Imprved Scheduling PROBABILISTIC SCHEDULING & BUFFER MANAGEMENT Cnventinal Prject Scheduling ften results in plans that cannt be executed and t many surprises. In many

More information

Mobile Telecom Expense Management

Mobile Telecom Expense Management Mbile Telecm Expense Management Quick Start Mbile Telecm Expense Management Intrductin The BT Mbile Telecm Expense Management Quick Start Service is part BT Managed Mbility Expenses* BT s suite f telecm

More information

Business Continuity Management Systems Foundation Training Course

Business Continuity Management Systems Foundation Training Course Certificatin criteria fr Business Cntinuity Management Systems Fundatin Training Curse CONTENTS 1. INTRODUCTION 2. LEARNING OBJECTIVES 3. ENABLING OBJECTIVES KNOWLEDGE & SKILLS 4. TRAINING METHODS 5. COURSE

More information

ELECTRICITY FRC IN WA KEY MESSAGES

ELECTRICITY FRC IN WA KEY MESSAGES ELECTRICITY FRC IN WA KEY MESSAGES REMC has analysed the likely benefits, csts, and issues assciated with implementing electricity full retail cntestability ( FRC ) in WA. This analysis is intended t assist

More information

The need to boost the expertise in the private sector to develop, adapt and adopt new technologies (innovation expertise)

The need to boost the expertise in the private sector to develop, adapt and adopt new technologies (innovation expertise) Implicatins fr New Zealand universities: cmmentary n Catalysing Ecnmic Grwth: Bsting Innvatin Expertise in the Private Sectr - a paper by the Institutin f Prfessinal Engineers f New Zealand (IPENZ) Overview

More information

Action. Situation. Client: Constant Contact Industry: Marketing Services Geography: United States RampRate Solutions: Data Center HyperSourcing

Action. Situation. Client: Constant Contact Industry: Marketing Services Geography: United States RampRate Solutions: Data Center HyperSourcing Client: Cnstant Cntact Industry: Marketing Services Gegraphy: United States RampRate Slutins: Data Center HyperSurcing Situatin At the end f 2010, Cnstant Cntact was a fast-grwing leader in prviding Internet-based

More information

UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION. Statement of Thomas F. O Brien. Vice President & Chief Information Officer

UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION. Statement of Thomas F. O Brien. Vice President & Chief Information Officer UNITED STATES OF AMERICA FEDERAL ENERGY REGULATORY COMMISSION Revised Critical Infrastructure Prtectin Reliability Standards Dcket N. RM15-14-000 Statement f Thmas F. O Brien Vice President & Chief Infrmatin

More information

Chapter 7 Business Continuity and Risk Management

Chapter 7 Business Continuity and Risk Management Chapter 7 Business Cntinuity and Risk Management Sectin 01 Business Cntinuity Management 070101 Initiating the Business Cntinuity Plan (BCP) Purpse: T establish the apprpriate level f business cntinuity

More information

Implementing an electronic document and records management system using SharePoint 7

Implementing an electronic document and records management system using SharePoint 7 Reprt title Agenda item Implementing an electrnic dcument and recrds management system using SharePint 7 Meeting Finance, Prcurement & Prperty Cmmittee 16 June 2008 Date Reprt by Dcument Number Head f

More information

Investments and Fair Value Accounting

Investments and Fair Value Accounting C H A P T E R 15 Investments and Fair Value Accunting Financial Accunting 14e Warren Reeve Duchac human/istck/360/getty Images Investing Cash in Current Operatins Cash may be used t replace wrn-ut equipment

More information

March 1, 2012. VIA E-mail to fcs-scf@fin.gc.ca

March 1, 2012. VIA E-mail to fcs-scf@fin.gc.ca March 1, 2012 VIA E-mail t fcs-scf@fin.gc.ca Ms. Leah Andersn Directr, Financial Sectr Divisin Department f Finance L Esplanade Laurier 20 th Flr, East Twer 140 O Cnnr Street Ottawa, ON K1A 0G5 Dear Ms.

More information

High Level Meeting on National Drought Policy (HMNDP) CICG, Geneva 11-15 March 2013

High Level Meeting on National Drought Policy (HMNDP) CICG, Geneva 11-15 March 2013 High Level Meeting n Natinal Drught Plicy (HMNDP) CICG, Geneva 11-15 March 2013 Plicy Dcument: Natinal Drught Management Plicy United Natins Cnventin t Cmbat Desertificatin (UNCCD) Fd and Agriculture Organizatin

More information

CASSOWARY COAST REGIONAL COUNCIL POLICY ENTERPRISE RISK MANAGEMENT

CASSOWARY COAST REGIONAL COUNCIL POLICY ENTERPRISE RISK MANAGEMENT CASSOWARY COAST REGIONAL COUNCIL POLICY ENTERPRISE RISK MANAGEMENT Plicy Number: 2.20 1. Authrity Lcal Gvernment Act 2009 Lcal Gvernment Regulatin 2012 AS/NZS ISO 31000-2009 Risk Management Principles

More information

The Impact of Strategic Human Resource Management on Organizational Performance

The Impact of Strategic Human Resource Management on Organizational Performance The Impact f Strategic Human Resurce Management n Organizatinal Perfrmance Luftim CANIA 1 ABSTRACT Organizatinal perfrmance is getting mre and mre imprtant, especially in a market with greater cmpetitin

More information

IT Planning and Organizational Applications CRM and Integrated Solutions

IT Planning and Organizational Applications CRM and Integrated Solutions Dr Sherif Kamel Department f Management Schl f Business, Ecnmics and Cmmunicatin IT Planning and Organizatinal Applicatins CRM and Integrated Slutins Outline Functinal Infrmatin Systems The Value Chain

More information

Tabcorp Wagering Manager (Vic) Pty Ltd & TAB Limited Applications for Authorisation A91419 A91424

Tabcorp Wagering Manager (Vic) Pty Ltd & TAB Limited Applications for Authorisation A91419 A91424 Restrictin f Publicatin f Part Claimed 16 July 2014 Dr Richard Chadwick General Manager, Adjudicatin Branch Australian Cmpetitin & Cnsumer Cmmissin 23 Marcus Clarke Street CANBERRA ACT 2601 By email: richard.chadwick@accc.gv.au

More information

Process Improvement Center of Excellence Service Proposal Recommendation. Operational Oversight Committee Report Submission

Process Improvement Center of Excellence Service Proposal Recommendation. Operational Oversight Committee Report Submission Prcess Imprvement Center f Excellence Service Prpsal Recmmendatin Operatinal Oversight Cmmittee Reprt Submissin INTRODUCTION This Prpsal prvides initial infrmatin regarding a pssible additin t a service.

More information

Integrate Marketing Automation, Lead Management and CRM

Integrate Marketing Automation, Lead Management and CRM Clsing the Lp: Integrate Marketing Autmatin, Lead Management and CRM Circular thinking fr marketers 1 (866) 372-9431 www.clickpintsftware.cm Clsing the Lp: Integrate Marketing Autmatin, Lead Management

More information

Learning Central Business Portal Best Practices Guide

Learning Central Business Portal Best Practices Guide Learning Central Business Prtal Best Practices Guide Practices Guide Objective: This dcument prvides Micrsft Sftware Assurance Benefit Administratrs with best practices fr implementing E- Learning thrugh

More information

Appendix H. Annual Risk Assessment and Audit Plan 2013/14

Appendix H. Annual Risk Assessment and Audit Plan 2013/14 Annual Risk Assessment and Audit Plan 2013/14 Internal Audit Department September 25, 2013 Table f Cntents Intrductin.. 3 Risk Assessment Prcess... 4 Page 2 Intrductin Each year, the Internal Audit Department

More information

Competitive Intelligence Report - Market Snapshot Explanations of Numbers Suggestions and Tips

Competitive Intelligence Report - Market Snapshot Explanations of Numbers Suggestions and Tips Cmpetitive Intelligence Reprt - Market Snapsht Explanatins f Numbers Suggestins and Tips The infrmatin cntained in the tw sectins f the Cmpetitive Intelligence Reprt fr each gegraphic regin is f the highest

More information

FINANCIAL SERVICES FLASH REPORT

FINANCIAL SERVICES FLASH REPORT FINANCIAL SERVICES FLASH REPORT Draft Regulatry Cmpliance Management Guideline Released by the Office f the Superintendent f Financial Institutins May 5, 2014 On April 30, 2014, the Office f the Superintendent

More information

AACSB Assurance of Learning Goals and Objectives.

AACSB Assurance of Learning Goals and Objectives. AACSB Assurance f Learning Gals and Objectives. The Asper Schl f Business is prudly accredited by AACSB. Accreditatin requires a prcess f cntinuus imprvement fr the Schl and ur students. Part f student

More information

INFRASTRUCTURE TECHNICAL LEAD

INFRASTRUCTURE TECHNICAL LEAD 1. PURPOSE OF POSITION This psitin is respnsible fr the delivery f peratinal supprt and maintenance f the TDHB IT infrastructure envirnment. This rle is als pivtal in the develpment and delivery f infrastructure

More information

Big Data How and How Big? How manufacturers and brands learn to handle data sensibly and generate customer insights

Big Data How and How Big? How manufacturers and brands learn to handle data sensibly and generate customer insights May 2015 Bild: Rawpixel - Ftlia.cm Big Data Hw and Hw Big? Hw manufacturers and brands learn t handle data sensibly and generate custmer insights The everyday business f managers is characterized by dealing

More information

THE STATE OF PLAY IN SUSTAINABILITY REPORTING IN THE EUROPEAN UNION EXECUTIVE SUMMARY

THE STATE OF PLAY IN SUSTAINABILITY REPORTING IN THE EUROPEAN UNION EXECUTIVE SUMMARY THE STATE OF PLAY IN SUSTAINABILITY REPORTING IN THE EUROPEAN UNION EXECUTIVE SUMMARY Katelijne van Wensen MSc (CREM), Wijnand Brer MSc (CREM), Jhanna Klein MSc (adelphi), Jutta Knpf PhD (adelphi) This

More information

Dec. 2012. Transportation Management System. An Alternative Traffic Solution for the Logistics Professionals

Dec. 2012. Transportation Management System. An Alternative Traffic Solution for the Logistics Professionals Dec. 2012 Transprtatin Management System An Alternative Traffic Slutin fr the Lgistics Prfessinals What is a TMS-Lite system? What are the features and capabilities f a TMS-Lite system? Why chse a TMS-Lite

More information