Furniture Vietnam Industry and Competitive Structure - Free Essay Example

Sample details Pages: 6 Words: 1801 Downloads: 1 Date added: 2017/06/26 Category Business Essay Type Research paper Did you like this example? Research Project: Furniture VIETNAM à ¢Ã¢â€š ¬Ã¢â‚¬Å" Industry and Competitive Structure Outline General View 2 3 Over all attractiveness of Industry General View. Vietnam presents a solid wood industry, with around 3,400 wood production companies in operation, 95% of which are privately owned and the remaining 5% are state-owned. About 16% of the total corporations obtain foreign direct investment (FDI). At this time there are a range of countries that have invested in the timber industry in Vietnam. Taiwan presently maintains the largest amount of companies in Vietnam (200), followed by the Republic of Korea (40), United Kingdom (uk) (30), Japan (25), and China (23). Over 2012 (the up-to-date information accessible at the moment of publishing this note), wood trade income placed 5th among the exported products, hitting over US$ 3.4 billion dollars. The present tendency of market indicates the fast development of the industry. The Vietnamese wood industry is actually export-oriented, with the United States and European Union as the two principal locations, totaling for around 80 % of the wood trade profits. Resources availability Yearly in Vietnam, over 6-7 million m3 round wood corresponding (RWE) are used for the furniture sector. In 2013, the whole volume of wood gathered from Vietnam was 4 million m3 RWE of which 3.7 million m3 (95%) are from forest plantations and the residual 0.3 million m3RWE from all-natural forests. Wood gathered through plantations is usually small, so almost all of the manufacture is utilized. In general, Vietnam has to import over 4 4.5 million m3 RWE every year to furniture processing, or over 60 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 70% of the entire wood necessary for that industry. By 2013, Vietnam owned 3 million ha of planting forests lands. In general, the location addressed by plantation forests grows over 150,000 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 250,000 ha every year. The Vietnam Forest improvement places a goal in which by 2020 the whole area of estate forests in Vietnam will likely be 4 million ha. Nevertheless, the accessibility of area for forest plantations offers a huge concern, because most of the area where could possibly be utilized for forest plantations has currently been designated to individuals and also several organizations. Numbers of enterprises The amount of companies inside Vietnam is over 2.400. This amount has grown fast, approximately 17% each year. Timber handling firms are mutually spread from the northern area and the southern area. Foreign trade income, in contrast, is primarily originated through firms over the south. The timber production firms in Vietnam is actually small-scaled, equally in terms of work force as well as total funds spent in manufacture. Companies/Size and Growth/Rate Graph Industry Structure Vietnam offers an extensive history of manufacturing furniture, however Vietnam looks like newbie to the community of international industry furniture for exterior as well as interior desing. Timber furniture manufacture in Vietnam is held over in either craft c ommunities and by professional handling manufacturer. The larger manufacturing processing of timber furniture, other than regular, in Vietnam is concentrated in 3 principal locations: Southern area Vietnam Binh Dinh province, the main highland Gia Lai and southern Vietnam, Ho chi minh. Those 3 locations accounts for the highest of Vietnamà ¢Ã¢â€š ¬Ã¢â€ž ¢s exports of wood furniture, particularly the southern region as well as the south central districts. Vietnam furniture exports come to 2,400 local as well as 300 international corporations. The industry hires 325,000 individuals, and also is one of the crucial leading trade industries of Vietnam. The sector has brought substantially progress of living standards for individuals in various country locations of Vietnam. The improvement of the wood furniture sector also delivers potential for the improvement of different sectors in the region like equipment, components, finishing products, adhesives, veneers, machines, and service sectors in consulting, software, advertising, transportation, and funding etc. The leading international businesses in Vietnam are Taiwan, Japan, Sweden, and Singapore. Virtually all international investments in this industry target production to export. Besides the leading economies of the world currently being questioned due to the fact of the international financial situation, furniture exports of Vietnam continue to grow in 2013, hitting US$7 million, up 20% in comparison to 2012. As a consequence, Vietnam placed as the globe sixth place exporter and count 2 in Southeast Asia. Vietnam furniture goods ended up purchased by customers of more than 110 nations, with the United States, China, European Union and Japan importing the most. The UNITED STATES ended up being responsible of 40% of the income, China 16%, European Union 13%, Japan 12%, and the specialized rising market of South Korea 4%. The wood goods sector in Vietnam is defined by most of small-scale suppliers, which are a lot more versatile however lag under their international competitors in terms of efficiency, promotion and actual fashions knowledge, other than controlling expertise. The Northern clusters are the production facilities for home decorations and reliable timber standard Vietnamese furniture with exports mainly to Asian nations. Based on Hawaà ¢Ã¢â€š ¬Ã¢â€ž ¢s approximate, the North reports for just 11% of the general manufacture. Binh Dinh, as well as Nhon are home to plenty outdoors furniture producers. Reliable timber outdoor furniture is widely produced in this location in which it is fairly simpler to purchase wood through Vietnamese and also surrounding nationsà ¢Ã¢â€š ¬Ã¢â€ž ¢ providers, also due to the fact the country is well linked to both Laos and Cambodia. At the same time, producers in the Southern region are concentrating not only on outdoors but also interior furniture. In this region, we can easily locate many leading suppliers of middle-high or even high standard interior furniture, which tend to be offered in the local market and to export. A mix of Vietnamese owned and foreign-managed businesses can be found there. Ho Chi Minh City additionally has various large-scale production facilities, which have thousands of employees in advanced manufacture lines, and it is home to around 73% of 650 prominent furniture companies. Especially, timber manufacture and export in Duong area, which is a next-door neighbor of Ho Chi Minh City, has been growing in present years. Nowadays, Binh Duong has over 365 timber running companies, of that almost 110 are international ones. Since 2002, overall trade of Duong is almost 2.4 billion dollars. Duong area trade in the beginning 8 months of 2011 achieved 166.4 million dollars, with a boost of over 14.5% in comparison to the same time in 2010. An additional point that need be viewed is the poor focus to items style. Numerous businesses produce furniture with layouts and requirements supplied b y their clients. Enhancements have been accomplished primarily on manufacturing innovation and its productivity, while the sector as a whole has minimal design know-how. Internal Market Around 70% of furniture goods consumed in the nation is imported from nearby international locations like China, Malaysia and also Thailand, and that the leftover 30% is primarily manufactured through Vietnamese-owned, small-scale companies. The organizations sells its goods in the local market obtain timber through several places in the nation, such as plantations and domestic gardens. Although the vast majority of items sold in local markets are created from ordinary and low-value wood. Clearly, regionally manufactured furniture has ruled the market by its considerable production. Nevertheless, the nation has also imported a specific amount of furniture to provide its marketà ¢Ã¢â€š ¬Ã¢â€ž ¢s different needs. Leading consumers of foreign furniture are rich people, international expats. Ma rket and high-class workplace structures that are mostly found in larger metropolitan areas of the nation, such as Hanoi and Ho Chi Minh City. The leading cities in which most of leading importers/suppliers of furniture are situated consist of Hanoi and Ho Chi Minh City. For the foreign furniture, many of importers are also the vendors and they usually promote the goods in their own showroom. Aside from lower and moderate retailers in which Chinese furniture is primarily found, imported furniture is generally located in showrooms of the importers. Nowadays they are also promoting in department shops which consumers are rich individuals. Government Regulations Trade Regulations, Customs and Standards Import Tariffs Vietnam considerably lowered its tax rates on several goods of interest to the United States once it signed up with the WTO in January 2007. As an outcome, the absolute majority of UNITED STATES. Exports nowadays face charges of 15 % or less. Nevertheless , in present years, Vietnam has improved utilized tariff costs on a range of goods, and while the costs continue under its World Trade Organization boundary levels, international companies have been impacted by the increases. UNITED STATES business has also revealed high tariffs charged on some agricultural and manufactured goods such as fresh food, fresh and frozen meats, and materials and machinery, by which tax reduction might generate important unique possibilities. The United States and Vietnam are presently discussing preferential tax concessions in the framework of the TPP agreements. Business Obstacles Vietnam removed numerous nontariff barriers underneath the 2001 United States-Vietnam Bilateral Trade Agreement (BTA) and throughout its addition to the World Trade Organization, such as quantitative limits on imports, quotas, restrictions,, prior agreement requirements, certification requirements, and some other limitations creating the same result, that showed up to be discrepant with its World Trade Organization obligations. Nevertheless, several other nontariff barriers persist. Forest for Production Because the announcement of the Doi Moi (restoration) plan in the 1980s, the forest area in Viet Nam has underwent significant adjustments. Conventional forest that stressed wood exploitation has transformed to socialize forest that has opened opportunities for wide engagement in forest production, forest protection, and handling of wood from planting forests in order to satisfy the wood needs of local and also international markets. Crucial drivers of this plan consist of policy changes not only in the forest field, but also in other fields such as international trade. Investing Obstacles Vietnamà ¢Ã¢â€š ¬Ã¢â€ž ¢s investing regulation establishes requirements assigning specific industries in which international investment is forbidden and others in which international investment is matter to conditions. Investing in conditional ind ustries and other projects are matter to considerable and further analysis, often needing the Prime Ministers endorsement, which can often postpone the endorsement of investment permits. All area in Vietnam is possessed and handled by the authorities, and none foreign nationals nor Vietnamese can acquire land. The 2005 investments Law allows foreign-invested companies to rent property for a time period of 55 years and up to 75 years in special circumstances. Investors can acquire land use legal rights and can finance each the buildings constructed on that area and the benefits of the usage rights. Competitive firms As this paper mentioned through this research we see that the furniture industry has just flourished thought the eyes of the world, and the multination corporations in the furniture field, which have most of their manufacture lines in china, but now due to Vietnam becoming attractive from last decade and growing each year, we begin to see some shift, movement from C hina to Vietnam in the furniture industry. Nowadays what most multinational companies do is to buy furniture or raw materials from small companies in Vietnam for the cheapest price possible and them selling it in their respective markets. Still some multinational corporations see now Vietnam as being really attractive and they also moving some production and setup new facilities there. They doing this with FDI 1 Don’t waste time! 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Recruitment And Retention Of Nontraditional Students

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Internship Role Equiem Company

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The Community Manager is responsible to the Manager who is responsible for Onsite Operations. The Community Manager is supposed to directly report to the Onsite State manager. The Community Manager is supposed to indirectly report to the Building/ Cluster Facilities Manager as well as the Group Community Manager (Young 2013). Work Integrated Learning has been observed where my academic based learning had a practical implication on my job. As a Community Manager, I was responsible in handling tenants those who will be approaching the building for the purpose of stay or to make queries. My responsibility was to prepare strategies to make sure that the tenants continue staying at the building. I was supposed to adhere to all the needs of the tenants. At the job, I was also supposed to manage the portal in relation to the company, by creating related content, record all the bookings in the building and promote strategies to m ake sure new tenants sign up for the buildings. 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Learning Goals Learning objective (or area of improvement) Action planned Anticipated Completion Date With help from Indicators of success Review date 1. I will require to develop proper skills in marketing as this is one of the basic skills that a Community Managers position expects. I will study about marketing skills related to the job profile and also of other fields where through knowledge of marketing is necessary (Zawel, Zawel and Adam 2015). January I will take all the possible help that I can get from the lecturers and fellow students who are currently dealing with marketing issues. I have started attending extempore and debates at the University related to current marketing trends (Lerbinger 2012). Completed Date: ___ In progress Not pursued Reason:____ NB: This column is to be completed and included as an appendix for your final internship assessment 2. Other than writing assignments, I do not have any prior experience in writing contents. So, I need to improve on my writing skills. I will make sure to practice writing contents so that I can brush up my writing skills. Having vocational skills are not enough for a managerial position. Writing skills are equally important (Young 2013). February I will join an online free lancing site where formats for content writing are available and write a few contents as practice sessions. I have started writing contents for an online site and I happen to receive satisfactory reviews from the clients. 3. I have a tendency to miss out the details. Therefore, I will require to improve on that. In order to develop skills to make sure, not a single detail is missed out; I will take the help of the libraries to read up about marketing and other related concepts. Being well versed towards a topic helps in taking into account all the details (Espinoza 2016). December Online texts and details will be availed to read about the topics and in building concepts. I am making regular visits to the library to read up about marketing related concepts in relation to different job profiles. 4. I am not highly qualified in computer literature such as Microsoft Office based skills. I will avail the manuals and learn about MS Office and with time gain expertise (Philips and Pittman 2014). February Online available manuals, I am trying to learn MS Office. I carry out all typing related issues on MS Word rather than on notepad. I also carry out calculations in MS Excel by availing the functions option. 5. I am not a good conversationalist. I will need to improve this skill as a manager requires to communicate properly with the clients to win their loyalty. I would keep making conversations with everyone and try to maintain the clarity so that the conversation proves to be meaningful (Lindberg 2012). January I would ask my friends to converse with me more often to improve the skill. I am making efforts on talking to people more often rather than only conversing when I feel it is necessary (Ayerdi, Galdospin and Dasilva 2015). Conclusion With the help of this internship, I have been able to explore several types of real time jobs that are associated with the post of a Community Manager. It is necessary that the job is being fulfilled and carried out competently. This can only be carried out when the work integrated learning outlines are being followed carefully. To carry out the tasks allotted to a Community Manager required many skills to be mastered. Lack of those skills affected the performance level slightly. However, with time and with several other opportunities, the drawbacks in the skills will be most probably dealt with. Only when a Community Manage is equipped with appropriate personal traits, such as attitude, personality, knowledge, skills, experience, qualifications as well as training, the job he is hired to do will stand justified. References: Ayerdi, K.M., Galdospin, T.M. and Dasilva, J..P., 2015. The Role of Community Manager in the Marketing Strategies of the Spanish Companies Most Active on Social Networks/El papel del'community manager'en las estrategias de marketing de las empresas con mayor actividad en las redes sociales.Estudios sobre el Mensaje Periodstico,21(1), p.385. Equiem. Retrieved on 11th November 2016. https://equiem.com.au/ Espinoza, A.D.D.P., 2016. Academic Community Manager: Manager of the Academic Community.Digital Tools for Academic Branding and Self-Promotion, p.81. Lerbinger, O., 2012.The crisis manager. Routledge. Lindberg, A., 2012. A Senior Manager with a Knowledge Management Portfolio: The Santa Clara County Experience.Journal of evidence-based social work,9(1-2), pp.110-120. Phillips, R. and Pittman, R., 2014.An introduction to community development. Routledge. Young, C., 2013. Community management that works: how to build and sustain a thriving online health community.Journal of medical Internet research,15(6), p.e119. Zawel, A., Zawel and Adam, 2015.System and Method for Managing Online Information by a Community Manager. U.S. Patent 20,150,363,895.

Southwest Airlines An Economic Perspective Essay Example For Students

Southwest Airlines An Economic Perspective Essay Southwest and Continental Airlines: A Managerial Economic PerspectiveIntroductionIn order for companies to maximize profits and productivity, it is important that they implement managerial economics on both a day-to-day and strategic basis. This paper will compare and contrast Southwest and Continental Airlines from a managerial economic perspective. The goal of the paper is to critically analyze both companies on their use of managerial economic practices. The Airline industry is a capitally intensive industry, and because of this companies within the Airline industry focus greatly upon cost, as well as revenue generation. If costs increase beyond control, profitability will soon decrease. Southwest were quick to learn that if they were going to run their company in a profitable manner they had to first establish their market, and then make every effort to keep costs low. In the early 1970s soon after their inception, Southwest established the ten-minute turn. This was the ability to unload and reload passengers, refill the plane with gasoline, and make all the necessary checks, all within a ten-minute window. They had to keep their planes in the air as much as possible, because of their low price, high frequency market niche. Part of the great strength theyve had, is that they have consistently followed a pattern of keeping costs low in every place they have gone. (Freiberg, 1996, p35)Continental also looked to keep costs low. In 1994 , Continental was renowned as a cost cutting airline. We were stuck in our mold of being a cost cutting airline, and if you werent talking about cutting costs, nobody at the top wanted to hear you (Bethune, 1998, p10) The problem Continental experienced were that they cut costs to such an extent that it became the culture of the company. When Gordon Bethune became CEO in 1994, he looked at cost from a different perspective. One of my key questions in any decision is not only what does it cost to do something, but what does it cost not to do something? Continental had to begin to look at costs from every angle, not just purely from a monetary cost perspective, but what decisions would benefit the company in the long-term, 1994 was the beginning of a company turnaround. Cost Effective Hiring; Determining Potential ProductivitySouthwest put a lot of time and effort into their hiring process. Southwest and outsiders considers them to be one of the best companies to work for in the Unite d States. For this reason Southwest implement procedures to ensure they receive the best possible skilled workers. This is not to say that Southwest only employ academic high flyers, but they have become a company known for operating outside the box. Potential employees have to have a sense of fun, and entrepreneurial attitude. Southwest has tailored the general principles of targeted selection to hire people with a special kind of spirit. (Freiburg, 1996, p67) It could be said that Southwest employ what other companies consider risky workers. Southwest look upon so called risky workers, as employees who have the ability and potential to take the company to the next level. Southwest allow their employees freedom and empowerment to make decisions that would otherwise be held for upper management, If employees have to side step the rules to make on the spot decisions, they are encouraged to use their own intelligence and impetus to benefit all involved. Southwest also implement an imp ortant screening process. They look towards attitude as well as technical skills. By hiring the right attitude, the company is able to foster the Southwest Spirit, the quality that makes employees go that extra mile if required (Freiburg, 1996, p69) By implementing their unique screening costs, Southwest are able to boast results of having one of the lowest turnover, and highest productivity rates in the industry, justifying their methods. .ud0a99bd69c17c3b9ae4f78c89e54458f , .ud0a99bd69c17c3b9ae4f78c89e54458f .postImageUrl , .ud0a99bd69c17c3b9ae4f78c89e54458f .centered-text-area { min-height: 80px; position: relative; } .ud0a99bd69c17c3b9ae4f78c89e54458f , .ud0a99bd69c17c3b9ae4f78c89e54458f:hover , .ud0a99bd69c17c3b9ae4f78c89e54458f:visited , .ud0a99bd69c17c3b9ae4f78c89e54458f:active { border:0!important; } .ud0a99bd69c17c3b9ae4f78c89e54458f .clearfix:after { content: ""; display: table; clear: both; } .ud0a99bd69c17c3b9ae4f78c89e54458f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ud0a99bd69c17c3b9ae4f78c89e54458f:active , .ud0a99bd69c17c3b9ae4f78c89e54458f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ud0a99bd69c17c3b9ae4f78c89e54458f .centered-text-area { width: 100%; position: relative ; } .ud0a99bd69c17c3b9ae4f78c89e54458f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ud0a99bd69c17c3b9ae4f78c89e54458f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ud0a99bd69c17c3b9ae4f78c89e54458f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ud0a99bd69c17c3b9ae4f78c89e54458f:hover .ctaButton { background-color: #34495E!important; } .ud0a99bd69c17c3b9ae4f78c89e54458f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ud0a99bd69c17c3b9ae4f78c89e54458f .ud0a99bd69c17c3b9ae4f78c89e54458f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ud0a99bd69c17c3b9ae4f78c89e54458f:after { content: ""; display: block; clear: both; } READ: The Last Day of High School - The First Day of the Rest of My Life Essay We will write a custom essay on Southwest Airlines An Economic Perspective specifically for you for only $16.38 $13.9/page Order now Southwest implement their methods of recruiting, to positively bias their applicant pool. 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