ANNOUNCEMENT: THE "ER INFORMATIVE"

We are happy to announce that Erations Conglomerate is working on its first annual presentations refered to as the "ER INFORMATIVE." These presentations are going to reflect on the happenings of the strategic business unit it pertains to for that year.  It are going to highlight key moments in the time line of the SBU as well as display current product offerings.  The presentation is also going to brief on the strategic business unit's revenue and competition.  It are then going to finish off with a risk assessment for the industry that that SBU is tasked with.  We hope to make this an annual tradition as it is a means for the company to connect with the clientelle base.  These presentations are going to start mid December till the end of quarter two 2024.  Let us intrigue your imagination because this can go either way for the Bruins or the Canucks.  After all is said and done however, it is up to you.  We are going to commence with A State Consultancy ENT then we are going to proceed to other SBU's.  Look forward to updates herein.

SOCIAL: THE COMPONENTS OF THE BUSINESS PLAN

First and foremost Business Plans are used to be able to identify a strategy wherein a company can execute so as to penetrate and proliferate market segments in which their product are aimed at.  From this, they can then develop their product in ways which appeal to the customers.  Business plans have 8 sections and are as follows:  The Executive Summary, Company Description, Market Analysis, Management and Organization, Products and or Services, Marketing and Sales Plan, Financial Plan and Appendices.  

Let us first talk about The Executive summary.  This section brings all the contents of the Business Plan together.  It details crucial information that can allow those in haste to be able to make quick judgements and decisions.  Putting critical information in The Executive Summary is crucial as to gain the interest of potential investors.  

Next, is the Company Description.  This segment of the Business Plan looks at the company that is being examined for the case study.  It provides details on the companies mission, vision, slogan, values.  By placing emphasis on this section, those making the Business Plan help its readers to understand what the company is and their collective objectives.  Knowing what the company represents is important to be able to understand the appropriateness and feasibility of products or services they may be looking to deliver.  

The Market Analysis section looks at the macroscopic environment and the customers who may be potentially interested in the products or services that may be outputted by a company specified in the Business Plan.  Market Analysis segments the audience to determine specifically what part of the population are interested in specific products or services as per the Business Plan.  By looking at the audience and customer base, companies can then target their audience with specific product or services in which they will be rewarded with business.  Where the Market Analysis looked at the target audience, the Management and Organization section then looks internally.  The microscopic environment.  It considers the bureaucracy in which products or services can be provided by the company specified in the Business Plan.  This section then aims to prepare and allocate the staff necessary for specific penetration, proliferation or development.  It considers training and the expertise of the staff which then are used to make a product or service sellable to the mass market.  

The Product and or Services section on the otherhand looks at what is outputted by the company and sold to the market.  This section identifies the products specific purpose, its value and the surplus value created as a result of the point of sale.  By having this section, companies can quickly identify which products/ services are appropriate for specific segments of the market.  

The Marketing and Sales Plan section looks at the ways in why purchase can be persuaded to the target demographic.  By considering the intrigue of messages conveyed on to the demographic, companies can hope to gain sales.  This section identifies how specifically products or services would come to the consciousness of its target demographic.  This could be posts on social media, news paper advertisements, videos, bill boards, word of mouth.  This is a crucial section as word of specific products and services spread within the community, companies can then expect to gain sales.  

The Financial Plan section looks at the companies budget.  This section takes a closer look at the productivity of the company.  It outlines the value created by each worker for each product or service.  It considers the surplus value that is created by the manufacturing process and then further considers the possibility of allocation of resources to such departments as R&D.  By having strong financial backing, companies can expect a greater probability of penetration, proliferation and development.  

Appendices are the last section.  This section are specifically for tools used such as SWOT, STP assessments.  Further strategy canvas can be annexed herein to provide clarification of how a company can expect to enter markets that interest them.  Parts of legislation can also be included in this section so that readers are aware of the political landscape where their products and services may be released.

Having a good Business Plan helps business gain the strategy it needs to spend wisely and be efficient in an ever competitive market.  The purpose of these Business Plans is really to build skill and craft a company that can with stand current trends which companies may need to adjust to.  Having an adequate Business Plan is the first step in competing in a globalized world.  Therefore, it is always important to consider these trivial matters.

PODCAST: ADVENTURES OF WALL STREET EPISODE 1

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Shock Therapy!

SCHOLAR: USMCA BUSINESS IN NA

American foreign policy is really geared towards globalization and a rules based order.  Globalization is the idea wherein countries transcend influence beyond their borders.  It is the concept of globalization that allows countries to increase their revenue through trade.  A rules-based order on the other hand refers to the abiding by the concept of the rule of law.  There are two types of law first is conventional and second is codified.  Conventional law refers to, “law constituted by agreement as having the force of special law between the parties[1]” while codified law means Codified law is statutes and regulations[2]. With this said, it becomes increasingly important that America continue to negotiate within its continental territory.  Through these negotiations, USA, Mexico and Canada promote globalization and enforce the rule of law within the continent.  Therefore, America acts in the interest of itself while giving Mexico and Canada a fair trade deal. 

The USMCA trade deal is a deal that is codified between the USA Mexico and Canada.  It is a continuation of the NAFTA or the North American Free Trade Agreement enacted since 1994[3].  The USMCA trade deal addresses multiple issues that concern the involved parties.  First it addresses finance.  There are provisions to prevent discrimination against US financial service suppliers.  This means that US financial service providers receive the same treatment as local providers[4].  Thus, the US finance is given market access within Mexico and Canada.  Clearly this is a benefit for the USA as it will allow them to conduct financial trade beyond their border.  This will certainly make the USA more competitive in the international stage as the dollar dwindles. 

Next, the USMCA addresses labour.  It is done by the creation of the ILO or the International Labour Organization.  This organization enforces the conformity to labour standards within continental North America[5].  The USMCA has provisions to support North American jobs.  It seeks higher salaries for auto workers by specifying that these people be given a salary of at least $16.00/ hour[6].  Manufacturing is more affordable in Mexico.  There have been numerous vehicle companies that have sought labour in Mexico because of the benefit of cheap labour.  For example, Mercedes Benz, although not American, contracts companies to produce cars for them in Mexico.  The point here is that, Mexico is attracting foreign auto makers because of affordable labour.  With salaries increasing to $16/ hour, it is a good thing for these workers however, these foreign auto makers such as the one mentioned can be put off and go to other continents such as Asia.  The benefit of conducting such business in Mexico is that the country already has the infrastructure to create this type of product.  Further, they have the skilled people with the intel on how to manufacture vehicles.  This is the competitive edge that Mexico provides that others will be hard pressed to replicate.  Nevertheless, the USMCA clearly supports labour and seeks to protect the car industry within the continent of North America. 

Lastly, The USMCA has provisions to protect the environment.  The environment is a key component of the USMCA because it allows continental North America to not only have flourishing cities but also to protect the endangered natural habitats within the continent.  The USMCA fights the trafficking of wildlife.  This is important because there are certain wildlife that are only found in North America.  Such is the case with the Canis Lupus a type of grey wolf.  By protecting these animals, North America achieves the maintenance of biodiversity within its continent.  Air quality is a major issue that is also addressed by the trade deal.  Currently there are massive problems with air pollution in countries such as China and India.  In fact, India has one of the worst cases of poor air quality.  This is a result of industrialization and manufacturing.  This manufacturing causes pollutants to be spread in the air which can therefore affect the health of citizens.  The USMCA seeks to improve the air quality in continental North America[7].  Finally, the USMCA has provisions to protect fish and timber.  The industries involving these two raw resources are worth $246 billion in annual revenues (fish)[8] and $127.7 billion in 2018-19[9] (timber).  Canada is a main producer of both natural resources.  This is really a win for the Canadians as these industries in that country are very active.  In fact, Canada sold 595.01 million Canadian dollars in the third quarter of 2020 of fish and seafood[10]. As for lumber, “Canada produced some 65.6 million cubic meters of softwood and hardwood lumber[11]" in 2018.

 As it becomes evident, the USMCA benefits all three countries.  Each country has something to gain from this trade agreement.  As mentioned, the objective of this trade agreement is to promote globalization and a rules based order.  Through this agreement the USA brings Mexico and Canada with them in transcending national borders and increasing the competitiveness of North America around the globe.

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[1] Legal Lingo.  “Conventional Law” (2021).  Retrieved from:  https://www.legal-lingo.net/conventional-law/

[2] Los Angeles Criminal Defense Firm, “Codified Law” (2021).  Retrieved from:  https://www.lacriminaldefenseattorney.com/legal-dictionary/c/codified-law/

[3] Investopedia.  “North American Free Trade Agreement (NAFTA)” (2021).  Retrieved from:  https://www.investopedia.com/terms/n/nafta.asp

[4] Norton Rose Fulbright.  “The USMCA- Impact on the financial sector” (2018).  Retrieved from:  https://www.nortonrosefulbright.com/en/knowledge/publications/5dde68a0/the-usmca---impact-on-the-financial-services-sector

[5] Bureau of International Labour Affairs.  “Labour Rights and the United States – Mexico- Canada Agreement (USMCA)” (2021).  Retrieved from:  https://www.dol.gov/agencies/ilab/our-work/trade/labor-rights-usmca

[6] Ross Pink.  “American Foreign Policy”  Kwantlen Polytechnic University (2020). 

[7] Ross Pink.  “American Foreign Policy” Kwantlen Polytechnic University (2020). 

[8] CBC.  “Fisheries worth 246Bn worldwide.” (2010).  Retrieved from:  https://www.cbc.ca/news/technology/fisheries-worth-246b-worldwide-1.962663#:~:text=Fisheries%20around%20the%20globe%20generate%20a%20whopping%20%24246,industries%20linked%20to%20the%20lucrative%20but%20fragile%20resource.

[9] Camion.  “Recent and emerging trends in Forestry and Lumber” (2019).  Retrieved from:  https://www.camoinassociates.com/recent-and-emerging-trends-forestry-and-lumber

[10] Statista.  “Quarterly retail sales of fresh fish and other seafood in Canada 2014-2020.”  (2021).  Retrieved from:  https://www.statista.com/statistics/471325/quarterly-retail-sales-of-fresh-fish-and-other-seafood-canada/

[11] Statista.  “Lumber production in Canada 2004-2018.”  (2020).  Retrieved from:  https://www.statista.com/statistics/377249/production-of-lumber-in-canada/

SOCIAL: THE MOST TRUSTED CURRENCY

There was a statement said in city council by a member of congress when querying facebooks CEO Mark Zuckerbaerg about his companies impending release of the crypto currency refered to as the, "Libra."  This member of congress was scrutinizing the idea of such crypto currency by facebook stating that this company has too much control over its users lives.  This member of congress then proceded to state the facts as to what makes the dollar so great.  He said, the dollar was designed for all people and all expiriences, and that this is the stregth of the dollar and that this currency does not limit itself to users of a particular platform.  The, "dollar does not discriminate," he said, meaning that all people use it from those in the upper echleons of society to those at the base.  It is the currency of freedom and liberation, but mostly trust.  The use of the dollar is universal and this is what makes the dollar, the dollar.  In foreign exchange it is the currency that is most used.  The, "United States officially [adopted] the dollar sign in 1785. The symbol [evoloved] from the Spanish American figure for pesos" (US Currency Education Program 2021).  Before that moment, collonial notes were used in transactions.  Fast forward to 1944, the Bretton Woods system was implemented where 44 nations agreed to create the, "World Bank, the International Monetary Fund and, most importantly,  [define the role of] the U.S. dollar [as the international reserve currency]" (Rosalsky 2019).  This involved the US dollar being tied to gold.  This ensured that the US dollar was backed by something tangible and this created trust in the financial system.  By the 1960s, the USA started to accumulate deficit and the promises layed out durring the creation of the Bretton Woods system was no longer able to be fulfilled.  Nixon then abolished this gold standard and thus the contemporary dollar was created.  The value of this dollar is then based on various factors as, "political and economic forces, ranging from central bank decisions to the frenetic buying and selling of traders around the world" (Rosalsky 2019).  Despite these changes from its creation to modern day, the dollar is still here and its still the reserve currency of the world.  The USA needs to continue to balance its domestic policy and foreign policy to satisfy the needs of its nation and its partner states.  The threats from foreign countries as China and Russia seek to reduce their dependence on the dollar.  For example China is one of the top owners of US debt and this allows China to essentially have some control over the USA.  If the dollar is to continue its legacy, the USA needs to negotiate with oposing countries rather than sanctioning them.  Currently there are sanctions on states such as Iran and Russia.  Iran because of nuclear development and Russia because of such events as the annex of Crimea and totalitarianisim.  The sanctions against Iran have caused many European states to find loopholes to trade with it.  If Europe is doing this, issnt there something the USA is missing?  What has occored here is that in good faith, the USA has ascertained a special role in which it seeks to maintain its democratic western values creating a bipolar world and division amoungst states.  However, has the USA deviated from what it intentionaly promoted causing some European states to find alternatives?   Are these sanctions too harsh?  Lets keep in mind that Europe is a place which America helped rebuild via the Marshal Plan after the World War.  Certainly they could consider the USA's request of such sanctions?  The sanctioning of the use of the dollar creates a reduction of universality of the dollar because some states are discriminated upon.  If the US dollar is to continue its reserve status, the USA must find a way to both push its western values while having consideration for its oposition and pusuading them that the dollar has value and that it is worth it to continue to use the dollar.  The US dollar is certainly comprehensive and portable.  However recent history indicates that its maintenance is a challenge.  Especially when factoring its reduced status since its inception.  Is the US dollar going to remain or is the USA going to find another solution?  Another issue with the dollar is the reduced price of petrol.  This is going to cause negative effects to the US dollar in the not too distant future as states move towards meeting the mandates of the Paris Agreement.  Only time will tell what is in store for the most trusted currency.

WORK CITED

US Currency Education Program.  "The History of U.S. Currency." (2021).  Retrieved from:  https://www.uscurrency.gov/history

Rosalsky, G.  " 75 Years Ago the US Dollar Became The Worlds Currency.  Will Tha Last?" NPR (2019).  Retrieved from:  https://www.npr.org/sections/money/2019/07/30/746337868/75-years-ago-the-u-s-dollar-became-the-worlds-currency-will-that-last

SCHOLAR: INDIA'S LPG FOREIGN POLICY

    India is an emerging power and has made significant progress in their economy.  They have ongoing disagreements China and Pakistan.  Regardless India has made tremendous strides despite these.  In the early nineties, India was struggling with a very serious crisis involving foreign exchange which brought the Indian economy to nearly default on loans.  They had foreign exchange reserves which they used to revive the economy.  Reform in economic policy at this time was referred to as “liberalization” (Legal 2019).  Manmohan Singh was the political leader that came to shape the economic policy of India in the modern age.  He was an economist with a “distinguished academic record in Oxford Cambridge and Delhi, and prestigious appointments with the Reserve Bank of India and the World Bank” (Powel 2012 page 604). 

    On July 24, 1991, the government announced a new model for economic reform. Referred to as the “LPG,” or “Liberalization, Privatization and Globalisation model”.  The reforms reduced tariffs and interest rates and terminated several public monopolies, which allowed approval of foreign investments (Legal 2019).  The main objective of this reform was to form India’s economy.  The policy was considerate of the fact that “Macro-economic stabilization and fiscal adjustment” (Legal 2019) were not enough to bring India to prosperity.  These had to be supported with essential reforms in policy and economic management.  Singh aimed to improve efficiency and productivity.  Liberalization refers to creating policies that were less restrictive.  Privatization is the ownership of property by the private industry.  And, globalization refers to the expansion of economic activity to the world.  The LPG policy specifically enacted changes as abolishing industrial licensing, allowing free entry of foreign investment and commenced privatization.  As a result of these changes India’s GDP continued to grow along with per capita income.  According to trading economics India’s GDP is worth 2875.14 billion US dollars in 2019.  India’s average economic growth between 1970- 1980 was %4.4 but between 1990- 2000 it has been %5.4.  This was the time when the LPG was implemented.  Their growth became steady and resilient as industries started to boom.  On the other hand, when looked at from the perspective of everyday citizens, in 1990 the GNI per capita or gross national income per capita in the 1990’s before the policy was enacted was $380.  However by 2000’s it became $440.  And, presently it is at $2130.  This data was obtained from macrotrends and serves as an eye opener as to the economic success of India resulting from policy such as the LPG.  With this increase it is expected that the living standards and conditions in India have risen.

    Foreign policy plays a major role in changing not only relations with other nations but the very fabric of societies.  The example in India, show that this countries is making changes which appeal to the international community.  With these changes, this countries can have a greater influence in the world stage. 

 

WORK CITED

Powel, Bingham, “Comparative Politics Today,” Pearson (2012). 

Legal Desire, “How Former PM Manmohan Singh revolutionized Indian Economy in 1991 – 92,” Legal Desire (2019).  Retrieved from:  https://legaldesire.com/how-former-pm-manmohan-singh-revolutionized-indian-economy-in-1991-92/

Macro Trends., “India GNI Per Capita 1962 – 2021,” Macro Trends (2021).  Retrieved from:  https://www.macrotrends.net/countries/IND/india/gni-per-capita

Trading Economics, “India GDP,” Trading Economics (2021).  Retrieved from:  https://tradingeconomics.com/india/gdp

INFORMATIVE: JETSON ELECTRIC BIKE REVIEW