Chennai has become an important destination for trade and tourism, in recent years. It has evoked as a city with tremendous potential for industrial growth because of its economic viability and available infrastructure. The State Government Departments are geared towards increasing trade and commerce links with other countries and also developing greater industrial growth. The entire boom in the trade and business of Chennai city accounts largely for its rapidly growing population. More businesses and job opportunities in the city lure people from in and around Chennai and settle in here. Major multinationals have already set up their branch offices in Chennai, leading to more people being hired by these companies. So, the population of Chennai has grown rapidly in the last 20 years, due to major industrialization and tremendous growth (Census of India, 2011). In the Census 2001, Chennai city population was at 4.216 million while the agglomeration developed around it is estimated to have nearly twice the population. It houses roughly 25 per cent of the country's 1.8 million Information Technology (IT) workforce and earns about Rs. 360,000 million annually through software exports. Further, the North Indian IT and other specialists / experts have started moving to Chennai city for core industrial …show more content…
Chennai is currently the largest electronics hardware exporter in India, accounting for 45 per cent of the total exports in 2010-11. Telecom giants Ericsson and Alcatel-Lucent, Pharmaceuticals giant Pfizer and chemicals giant Dow Chemicals have research and development facilities in Chennai. The TICEL Bio-tech Park at Taramani and Golden Jubilee Bio-tech Park at Siruseri houses biotechnology companies and laboratories. Chennai has a stock exchange called the Madras Stock
Mankind often migrates to modern, rich, multicultural countries, towns with high economies and good standard of living such as Prague, Germany, London, Los Angeles, New York and Shanghai. I would like to draw on the city of Shanghai. Shanghai is one of the most developed cities in the world due to this many people come to the town to find work. During 1983 and 2000 years the number of migrant workers increased from 0.5 million people to 3.87 million people. A large percentage of migrant workers work in manufacturing (25.8%).
- If all of the options were explored, and patient is given antibiotics and is treated without any pain or suffering than the treatment identifies with the ethnical principles of autonomy, non-maleficence, and veracity. In turn, Mrs. Dawson will be happy with the outcome of the procedure.
The Newham Company is a publicly traded company that recently has had a change in executive management due to an inappropriate bonus structure based on company performance. As this type of bonus structure often leads to material misstatement of facts resulting in falsified financial reports, the new management at Newham has commissioned SNHU INC. to conduct an audit which assesses their risk of misstatement. The audit to follow will be broken down into three parts: Overall business risk, sample audit plan and a report of recommendations based audit results.
In 2009, a sale for 51% of stake in Satyam was put through a global bidding process. Tech Mahindra won the bid, paying 17.57 billion rupees for a 31% stake.
The market for IT industry was huge and expanding at a fast pace. However the market leaders were Accenture and IBM which had a negligent market share and rest was captured by small enterprises. Indian companies also ventured in the industry and due to their competition, IT multinational giants had to increase their base in India. Due to high opportunities, attrition rate was also high in this industry. As a result Indian companies like Wipro, Infosys increased their base level salaries. During this phase, Indian economy was transforming towards an era of information and knowledge. This can be seen from the fact that contribution of services towards the economy’s GDP was higher than 18% in 2001 as against in 1980. No other industry had done better standing against global competition. The annual exports had always been over 50% over a decade. U.S.A. share represents highest with 61% and about a third of Fortune 500 companies outsource their software work to India. To foster development, Indian government has taken a number of steps like liberalization of policies and providing necessary capital and infrastructure to foster growth. Thus Indian environment has been conducive for growth. (Ref: Indian Embassy.org) Competitor analysis- The market for IT industry was fairly competitive with IBM and Accenture as global leaders and rest of the market was pretty diffused. IBM and Accenture had strong brand and a global presence with a large customer base. They also offered panoply of services viz. technology implementation, business consulting, offshore services, customer relationship management etc. Both offered breadth and depth of services. IT market in India offered technical and business consulting with Tata Consultancy Services which was the market leader in IT exports and Wipro Technologies and Infosys being other major market players. TCS offered consultancy services, IT services, asset based solution etc. Wipro was third largest IT provider with service offerings in IT consulting, software solutions, BPO etc. Both had a strong global presence. Intensity of Rivalry: Rivalry amongst competitors was pretty intense as can be seen the Indian competition caused IBM to increase their presence in India. However leaders like IBM and Accenture had a wide range of service offerings so competition was only amongst few sectors. Rivalry was to hire the top talent as human capital is the most important thing in the IT sector. This is the reason that attrition rate lead to a rise in pay packages.
As social workers, one way we can understand a person is through a multidimensional approach that specifically looks at a person through different dimensions. These dimensions are who they are as a person, the impacts of their surrounding environment, and the effects of time. A case study has been completed on Manisha. Her life and human behavior will be examined by the multidimensional approach.
“What’s Next for India? Interest in Offshore IT Operations Keeps Growing, but Increased Competition for Talent May Dull Some Cost Benefits.” Information Week 5 Jan. 2004.
In the year 2007, China and India ranked first and second respectively in the list of ideal foreign direct investment (FDI) destinations, according to A T Kearney, a global strategic management consulting firm (The Press Trust of India Limited, 2007a). The two nations, because of their similarities in geopolitical, economic and demographic aspects, are often compared with each other. To determine which one is more attractive for businesses to expand to, this essay will examine the business environment of both countries from the following perspectives: political/legal, economic, socio-cultural and technological.
The Indian Health Service (IHS), had its beginning in 1784 with the first treaty between the government of the US and Indian tribes, but it was not until 1994 with the appointment of Dr. Michael Trujillo as Director of the IHS that initiated major organizational changes that improve the American Indians and Alaska Natives healthcare service of 500 tribes. He is remarkable in the IHS history because he was the first IHS Director pointed by the President of the US, first pure-blood American Indian, and his family had an active participation in the political Indian community that inculcated to him the culture of being the advocate for Indian people (Ginter, Duncan, & Swayne, 2014). He served and represented more than 1.4 million American Indian
The Kanpur Confectionaries Private Limited (KCPL) was a family business started by Mohan Kumar Gupta in 1945, and was the second largest biscuit manufacturing company in the north India. The KCPL was manufacturing glucose biscuit using maida, sugar and Vanaspati which they bought from the local market. In the year 1980-81 KCPL doubled its capacity from 120 tonne per month to 240 tonnes per month. The same year turnover was Rs. 2 crores, an increase of 17 over 1979-80. Its net profits were Rs. 20 lakh, an increase of 12 per cent over the previous year.
Kurla, Mumbai is the headquarters of the Kurla division of the Suburban District of Mumbai. It has a major railway junction which was called Coorla till 1890 and is today of of the busiest railway stations.
Recent researches have demonstrated that every customer usually takes into consideration around 2.6 brands before buying a passenger car. Tata Motors, currently India 's largest automobile company, wants to be strongly considered when customers are looking to buy a new vehicle. "In order to facilitate this journey of pursuing aggressive market-share, and also to address the challenge of increasing its 'cool ' quotient, Tata Motors has announced the soccer icon Lionel Messi as its global brand ambassador for its passenger vehicles for all its markets, said Mayank Pareek, president, passenger vehicle business unit, in an exclusive chat with ET" (ETBrandEquity).
Businesses that produce jobs and capital are usually located in in urban areas. Tourism and trade in cities are the main source of foreign money in a country. The city life is ideal for people who want to m...
At the present time, one of the inseparable parts of the economic growth is considered as tourism industry. Commonly, tourism is the movement of people to other places for business or leisure purposes as well as covers their activities. Holloway and Humphreys defines that the places where tourists come and spend their money are called as “tourist destinations” in other words “receiving areas”. Many countries have been improving tourism to overcome economic difficulties since it is growing fast. The industry activities have been demonstrated a general positive trend in the economy and it has already become the inherent part of economic development. In host countries, tourism has led to such positive consequences as the improved infrastructure,
There are three kinds of development in megacities we would like to explore in this paper, they are sustainable development, economic development and human development. Those kinds of development face many problems in megacities. In 1950 there were only New York and Tokyo as megacities and now in this 21 century the number of megacities are increasing.In 2013 noted there are 28 megacities (New Geography, 2013). Industrialization in developing countries is the main reason why the poor peasant in rural area moved to the cities in the name of better job and higher wages. This urbanization will change the population proportion which is decreasing the rural population and on the other side, increasing the population of urban areas. This continuing movement will inevitably create big and even bigger community in the city and in the end a megacity will be formed. This big number of population influences development of megacities.