Friday, November 15, 2019
Bakhresa Group Organisational Structure and Innovation
Bakhresa Group Organisational Structure and Innovation Identify the strand of organisation structure and innovation approach used by the Bakhresa group. Is it organic or mechanistic structure followed by the Bakhresa group? Among the two which one is more suitable to innovation and why? How can Bakhresa group manage the tension between the need for creativity and efficiency? Discuss the main organisational characteristics that facilitate the innovation process in the Bakhresa group. Explain the key individual roles within the innovation process and the activities they perform in the Bakhresa group. How did Bakhresa group establish innovative environment that propagates the virtuous circle of innovation? Explain its features. BACKGROUND BAKHRESA GROUP OF COMPANIES TANZANIA Bakhresa Group is one of the leading Industrial Houses in Tanzania, East Africa. Started in a humble manner with a small restaurant in the Port City of Dar Es Salaam, Tanzania, in mid seventies, it has now emerged as a respected business group in the Region. The Group has its operations spread in Tanzania, Zanzibar, Uganda, Kenya, Malawi, and Zambia and most recently in Mozambique. Plans are in place to spread its wings to other countries. The group now boastsÃâà of a turnover of more than Three Hundred Million United Sates Dollars and is a proud employer of more than two thousand employees associated directly. There are several companies under its umbrella and have investments mainly in Food and Beverage Sector, Packaging, Logistics and Real Estate. The Bakhresa group of companies offers two groups of product and services that is food and beverage, and services. Examples of food and beverage companies owned by Bakhresa includes; Bakhresa Grain Milling (Malawi) Ltd, Salim Bakhresa Co Ltd, Bakhresa Grain Milling (U) Ltd, Bakhresa Grain Milling (Mozambique) Lda, Zanzibar Milling Corporation Ltd, Bakhresa Food Products Ltd, Azam Bakeries Company Ltd, Salim Bakhresa Co Ltd and those of services includes; Omar Packaging Industries Ltd, Said Salim Bakhresa Co Ltd, Paper Kraft International Ltd, Bakhresa Food Products Ltd, etc ORGANISATION STRUCTURE AND INNOVATION Identify the strand of organisation structure and innovation approach used by the Bakhresa group. Is it organic or mechanistic structure, among the two which one is more suitable to innovation and why? The structure of an organization is defined by Mintzberg (1978) as the sum total of ways in which it divides its labor into distinct tasks and then achieves coordination among them. One of the problems is recognizing that different groups within an organization behave differently and interact with different parts of the wider external environment. None the less, there have been numerous useful studies exploring the link between the organizational structure and innovative performance. Trott (2005) described the two organizational structures such as Organic and Mechanistic structure as follows:- Mechanistic organization tends to offer a less suitable environment for managing the creativity and the innovation process. From Bakhresa group of companies case study analysis the following facts were deduced The channel of communication is highly structured, there is restricted information flow, and operating styles are uniform and restricted. Authority for decision is based on formal line management position and the management is reluctant to adapt changing circumstances. Therefore Bakhresa group of companies use the mechanistic organization structure which offer less suitable environment for innovation and creativity. The seminal work by Burns and Stalker (1961) on Scottish electronic organisation looked at the impact of technical change on organisational structures and on a system of social relationships. It suggests that organic, flexible structures, characterized by the absence of formality and hierarchy, support innovation more effectively than do mechanistic structures. THE DILEMMA OF INNOVATION MANAGEMENT How can Bakhresa group manage the tension between the need for creativity and efficiency? Trott (2005) explained that within an organization there is a fundamental tension between the need for stability and the need for creativity. On the one hand, companies require stability and static routines to accomplish daily tasks efficiently and quickly. This enables the organization to compete today, for example processing of millions of cheques by banks everyday. On the other hand, companies also need to develop new ideas and new products to be competitive in the future. Hence they need to nurture a creative environment where ideas can be tested and developed. This poses one of the most fundamental problems for management today. The diagram below by Trott (2005) explains the tension Management between the need for creativity and efficiency. Organization Efficiency gains The efficient day to day operations within an organization require stable routines which can be achieved in stable and controlled environments The development of new products/services requires creativity and room to try out new ideas this is achieved in a loose and flexible environment Creativity gains From the Bakhresa group of companies study case analysis shows that The management of the Bakhresa Group is committed to long-term growth rather than short-term profit and the organization is willing to invest in the long-term development of technology and is aware of its threats and opportunities and thus comply straight to the organization creativity gains and efficient gains as described by Trott (2005) above. ORGANISATIONAL CHARACTERISTICS THAT FACILITATE THE INNOVATION PROCESS Discuss the main organisational characteristics that facilitate the innovation process in the Bakhresa group. Trott (2005) explains the following organizational Characteristics that Facilitate the Innovation Process Growth Orientation It is characterized by a commitment to long-term growth rather than short-term profit. Not all companies first and foremost objective is growth. Some companies are established merely to exploit a short-term opportunity, other companies would like to maintain the company at its existing size: the objective of innovative companies is to grow the business the actively plan for the long-term, as it has been seen in the Bakhresa group of companies The management of the Bakhresa Group is committed to long-term growth rather than short-term profit and the organization is willing to invest in the long-term development of technology and is aware of its threats and opportunities. On top of that Trott (2005) added the following characteristics that facilitate the innovation process. Vigilance It is characterized by the ability of the organization to be aware of its threats and opportunities. Vigilance requires continual external scanning e.g. within the marketing function the activity would form part of market research and competitor analysis collecting valuable information is one thing, but relaying it to the necessary individuals and acting on it are two necessary associated requirements. Presently Bakhresa group is catering the fuel needs of customers in Zanzibar and Local bunkers. The vision is to enter the international bunkering business in near future since Zanzibar is the gateway to the East African coast. Commitment to Technology It is characterized by the willingness to invest in the long-term development of technology. Most innovative firms exhibit patience in permitting ideas to geminate and develop overtime. This need to be accompanied by a commitment to resources in terms of intellectual input without a long-term approach it would be extremely difficult for the company to attract good scientists. As seen in the Bakhresa group of companies technology is highly applied, most of the tasks are machinery operated. On the other hand the Company has a well supported IT system to run its day to day operations. PC Workstation Internet Access Satellite base Fleet Management Solutions Tracking System Fleet Cost and Maintenance Management System Road Base Daily Reporting Fleet Management System Real time location of trucks at finger tips Speed monitoring feedback on screen at all times Telephone and SMS availability at all times Acceptance of RISKS It is characterized by the willingness to include risky opportunities in a balanced portfolio. It means the willingness to consider carefully risky opportunities. Ability to take calculated risks and include them in a balanced portfolio of projects. Being an entrepreneur Bakhresa took a great risk to even in the foreign land and still think to spread its wings all over the African countries. Cross-functional Cooperation It is characterized by mutual respect among individuals and a willingness to work together across functions. Inter-departmental conflict is a well documented barrier to innovation. Often conflict has been observed between marketing and R D functions as the two groups often have very different interests. Receptivity It is characterized by the ability to be aware of, to identify and take effective advantage of externally developed technology. Most technology based innovations involve a combination of several different technologies. It would be unusual for all the technology to be developed in-house. That is why business is witnessing an in chasing number of joint ventures and alliances. Slack It is characterized by an ability to manage the innovation dilemma and provide room for creativity while organizations place a great emphasis on the need for efficiency, there is also a need for a certain amount of slack to allow individuals room to think, experiment, discuss ideas and be creative. Adaptability It is characterized by a readiness to accept change. The development of new product innovations will invariably lead to disruptions to established organizational activities. Major or radical innovations may result in significant changes, although the two are not necessarily linked. The organization must be ready to accept change in the way it manages its internal activities. Otherwise proposed innovations would be stifled due to a reluctance to alter existing ways of working or to learn new techniques. Diverse Range of Skills It is characterized by a combination of specialization and diversity of knowledge and skills organizations require individuals of a hybrid nature who are able to understand a variety of technical subjects and facilitate the transfer of knowledge within the company. It is the ability of the organization to manage this diversity of knowledge skills effectively that lies at the heart of the innovation process. Bakhresa Group started in a humble manner with a small restaurant in the Port City of Dar Es Salaam, Tanzania, past three decades, it has now emerged as a respected business group in the Region. The Group has its operations spread in Tanzania, Zanzibar, Uganda, Kenya, Malawi, Zambia and most recently in Mozambique. There are several companies under its umbrella and have investments mainly in Food and Beverage Sector, Packaging, Logistics and Real Estate. The Bakhresa Group has established companies dealing with variety of products from manufacturing of Food and Beverage Sector, Packaging, Logistics and Real Estate and has become a market leader because of innovation and entrepreneurship. THE ROLE OF THE INDIVIDUAL IN THE INNOVATION PROCESS Explain the key individual roles within the innovation process and the activities they perform in the Bakhresa group Trott (2005) explains innovation process is essentially a people process and that organizational structure, formal decision making processes, delegation of authority and other formal aspects of a so-called well run company are not necessary conditions for successful technological innovation. The study of Rubenstein has revealed that certain individuals had fulfilled a variety of roles that had contributed to successful technological innovation. Technical Innovator: This individual is an expert in one or two fields. Generates new ideas and sees new and different ways of doing things. Also referred to as the mad scientific. In the Bakhresa group of companies there is no technical innovator. Technical/Commercial Scanner This individual acquires vast amounts of information from outside the organization, often through net working. This may include market and technical information. For the company to survive and perform effectively, technical information is very important as seen in the Bakhresa group of companies. Gatekeeper This individual keeps informed of related developments that occur outside the organization through journals, conferences, colleagues and other companies. Passes information on to others, finds it easy to talk to colleagues. Serves as an information resource for others in the organization, consequently for the organisation to meet customer needs it is important to search for the outside information to see what other organisation do. Product champion This individual sells new ideas to others in the organization. Acquires resources, aggressive in championing his/her cause, takes risks. As per Bakhresa group of companies there is no product champion. Project Leader This individual provides the team with leadership and motivation. Plans and organizes the project ensures that administrative requirements are met. Provides necessary coordination among team members sees that project moves forward effectively. Balances Project goals with organizational needs Sponsor This individual provides access to a power base within the organization: a senior person. Buffers the Project team from unnecessary organizational constraints, helps the project team to get what it needs from other parts of the organization. Provides legitimacy and organizational confidence in the project. The Bakhresa Group engages commercial scanner, gatekeeper and project leader and sponsor to facilitate the innovation process. Even though the Bakhresa Group of companies lack product champion and technical innovator still the innovation activities within the organization is excellent. ESTABLISHING AN INNOVATIVE ENVIRONMENT AND PROPAGATING THE VIRTUOUS CIRCLE How did Bakhresa group establish innovative environment that propagates the virtuous circle of innovation? Explain its features As from (Porters 1985 cited in Trott 2005) explained that, given the importance of innovation, many businesses have spent enormous sum of money trying to develop an environment that fosters innovation. Creating a virtuous circle of innovation means getting competitive advantage over others. Virtuous circle of innovation The organizations Reputation for innovation High morale and Attraction of Retention of creative creative people people Motivates people and organizational Reduce frustration encouragement of Creativity and innovation A willingness in the Org. to accept new ideas Development of Innovative Product Reputation of the Organization It takes many years to develop. It is strongly linked to overall performance. Some companies are able to achieve wide exposure of new products or new research as seen in the case analysis Bakhresa group of companies started in a humble manner with a small restaurant in the Port City of Dar Es Salaam, Tanzania, in mid seventies, it has now emerged as a respected business group in the Region. The Group has its operations spread in Tanzania, Zanzibar, Uganda, Kenya, Malawi, and Zambia and most recently in Mozambique. Attraction of creative people Creative people will be attracted to those companies that themselves are viewed as creative. TOP scientists and researchers will seek employment with such companies. Currently Bakhresa group of companies is an employer of more than two thousand employees associated directly. Organizational encouragement of creativity The creativity has to be supported with actions and resources with the time to be creative: Organization can try to build sufficient slack into the system to allow for creative thinking and tolerates errors and mistakes and successful ideas need to be rewarded. Development of Innovative Products Developing new products that are genuine improvements compared with products currently available. Taking an example of Bakhresa Food Products Limited (BFPL) is based in Dar Es Salaam, Tanzania and produces high quality, delicious and nutritious Azam brand Ice Creams, Fruit Juices, Frozen Chapattis and Uhai (means Life in Kiswahili) brand Pure Drinking Water. Azam Bakeries, the largest bakery in Tanzania, produces the popular Azam brand bread, cakes and donuts. The state of the art technology is used for producing the bakery products making the company proud of supplyingÃâà essential food in the country. It has a modern biscuit factory producing the finest varieties of biscuits. Many varieties of biscuits such as Chai, Creams, Glucose, Coconut, Nice, Marie, and Shortcake are popular in the country. Willingness to Accept New Ideas Many organizations suffer from an inability to implement changes and new ideas even after rewarding the people involved in developing those ideas. Once a new product idea has been accepted it is important that it is carried through to completion. In future Bakhresa group of companies expect to trade Lubricants Jet A1 LPG With 60odd resorts of 150beds capacity each, in Zanzibar there is also ample scope for bulk supply LPG (In tanks), if they will able to arrange logistics. Increased Motivation and Reduced frustrations Individuals within the organization can see their ideas and efforts contributing to the performance of the business; they will be encouraged still further: on the other hand if seemingly good ideas are constantly overlooked, this will lead to increased frustrations. High Morale and Retention of Creative people A rewarding and enjoyable working environment will help to retain creative people. This in turn should reinforce the companys innovative capabilities. The Bakhresa Group, given the importance of innovation, has spent enormous sums of money trying to develop an environment that fosters innovation. The Bakhresa Group is aware of developing a reputation for innovation which helps propagate a virtuous circle that reinforces Groups abilities. RECOMMENDATIONS AND CONCLUSION As seen in the case study analysis, Bakhresa group of companies is now expanding towards all over the Africa supplying services and products. The company mainly caters through the food and beverage products and service products. The organisation structure of Bakhresa group of companies is characterized by mechanistic structure which is not very much conducive for enhancing innovation process within organisation, for more efficiency and effectiveness I suggest Bakhresa group of companies to start adopting organic structure. Meanwhile the structure of Bakhresa group of companies lacks the product champion and technical innovator so I suggest also including those two individual roles for maximum output of companies. Despite various organisation that falls under the umbrella of the Bakhresa group of companies the top management of all sub companies is comprised by family members, something that might bring trouble when family instability happens.
Wednesday, November 13, 2019
Descriptive Essay about Sunset Beach -- Description, narrative, descrip
Ever since Sunset Beach has been officially opened to the public, there has been a drastic increase of tourists present. Television programs concluded that at least a thousand people visit the beach everyday. Reasons for their stay are that they feel comfortable with the environment that surrounds the beach front, people who are at the beach are joyous and numerous activities to enjoy, and the fresh scent of the sparkly waters, make the visitors feel calm and pleasurable. So I decided to take a trip there. As I walked down the sidewalk, my nose picked up the salty scent of the sea breeze. I looked ahead and saw the gleaming beach in the far distance. Before me, the tranquil city along with the endless blue sea sandwiched the golden beach that stretched across for miles. Then my eyes were grasped by the incredible beauty of the city skyscrapers that stood hundreds of meters tall, and they probably had also captured the sight of many other tourists. Some people were jogging and others were bike riding Just as the yellow sun rises from behind the buildings. Itââ¬â¢s easy for many people t...
Sunday, November 10, 2019
The Invention of the Cell Phone
Have you ever imagined the world without cell phones!? How do you think it has affected the world today? The cell phone allows people to communicate with other people anywhere in the world with anyone they want at anytime. How you use the cell phone is what makes it a positive or negative impact on you, society, and the environment. A man named Martin Cooper invented it; he invented it because he wanted people to be able to carry their phones where ever they wanted. He invented it on April 3rd, 1973 in a Motorola Factory. A cell phone is that it is actually a radio, an extremely sophisticated radio, but a radio nonetheless. The telephone was invented by Alexander Graham Bell in 1876, and wireless communication can trace its roots to the invention of the radio by Nikolai Tesla in the 1880s. It was only natural that these two great technologies would eventually be combined. The first cell phone weighed 2. 5 pounds, had a talk time of 35 minutes, took 10 hours to charge and had no display. Technology takes up a big factor of the cell phone, because without technology there would be no cell phone. Cell phones today have a big impact on the environment. Some negative impacts are that they are constantly being thrown into landfill which causes pollution. Also the mercury, arsenic and lead in the phones can poison the environment and impact humans also. Cell phones can have a big impact on society today because individuals have become overly reliant on cell phones to help with everyday memory functions. Also very high levels of technology have been placed in cell phone which has caused them to be quite expensive. Some positive impacts are that people a can easily communicate with other people faster than like a letter, or a telegram. Also the average cell phone last about 8-12 months and people with replace cell phone after cell phone. Those cell phones that are constantly replaced end up in landfills. SO u can see how society connects to the environment. With all of the information I have provided you with you could infer what life would be like without cell phones, it could be better without the pollution, but bad without the easiness of communicating with anyone and anywhere.
Friday, November 8, 2019
Goonies essays
Goonies essays Many people in the world are smart, bud a kid in the movie The Goonies named Data is different. His is from China and is very accident-prone. He has a very active imagination and is clumsy. Data is very smart and inventive. Data is the inventor of the group. His inventions help the Goonies escape from the Fertellis. Data uses a belt with many weird inventions in it. Such as a grappling hook invention that is supposed to grab things and bring them to him, but it pull him towards the object. Data is also very accident-prone. When he was sliding down the towline to the Goon Docks he crashed through the screen on the front door and crashed onto the floor. Data is also the only person in the group from a different country. He is a Chinese kid with many weird but great ideas. Throughout the movie, Data uses many of his inventions. When the Goonies first entered the passage to the treasure, it was really dark. Data was going to use his Bully Blinders to light up the passage. He made the lights to blind kids that tried to push around. It would blind the bully so he could run away. But the lights were really bright and used up the battery quickly, so that idea didnt work. When the Fertellis were chasing the Goonies, Mikey tripped of the traps. Data fell down a hole towards a pit of spikes. He then used his Pinchers of Power to stop falling and he then finds a new room. This leads them closer to the treasure. The Goonies ran into a stream near the end of the passage with a log that went across it. Everyone ran across except Data. He stopped about halfway across and said that he had an idea. Data uses his Slick Shoes, which sprays oil behind him, to cover the log and make it slippery. The Fertellis ran over the log, slipped and fell into the water. Whenever the Goonies run into a problem with the Fertellis, data alwa...
Wednesday, November 6, 2019
Income increased To Budget Essays
Income increased To Budget Essays Income increased To Budget Essay Income increased To Budget Essay A budget provides a business with a good outlook and structure for future plans Income represents a key area of budgeting as without income there is no money to work with in the future. Sometimes it is necessary to increase the amount of income that is available to budget with. This can be dome by selling more products or raising prices. If costs are higher than expected then and income is not increased then profits might be affected. A business with an adequate budget, which it does not exceed , should be able to pay its expenses and keep trading. Any excess money that is left over can be kept and used in unexpected situations. This is known as a CONTINGENCY FUND Bidding to Increase Future Resources Sometimes businesses realise that they do not have enough money available in their budgets to, for example, expand or buy new equipment. Therefore they may chose to bid for additional funding through a capital grant of ask others to invest in the business This means that the business owners get the use of the money invested and in return offers a percentage stake in the business. A Private Limited of Public Limited Company may chose to do this by offering shares. Other businesses raise money in different ways. They may get a bank loan or may try to raise finance by getting a grant. Grants can be given to businesses by national or local government agencies for many different reasons. These include where the business is located, how big the business is, or if the business is an industry that has problems. The most common organisations to receive grants are in farming, manufacturing or tourism. Provision of Appropriate Reserves to Address Emergencies/Crisis Businesses have to make sure that they keep some money back at the end of each month in case an emergency should happen. This ensures that if they do have problems, such as an unexpected expense, or there is a downturn in the market they have enough funds to continue in business. Some accountants recommend that reserves should be maintained which allow the business to continue for at least 3 months in the event of emergency. It is also important for businesses to have some reserves in the early stages of the business as it may be difficult to make accurate budget predictions and costs. Expenses may be higher than planned and income may be less. An emergency budget will allow the business to continue to trade. BREAK-EVEN ANALYSIS The break-even point is the level of output at which a business covers its total costs. In other words where total cost = total revenue. Anything produced sold above this point is profit, anything below is loss. THE PURPOSE OF BREAK-EVEN ANALYSIS * Estimate the future level of output they will need to produce and sell in order to break-even or achieve a profit target * Explore what if scenarios e.g. assess the likely impact of price changes upon the level of output needed to break even OR assess how changes in fixed and/or variable costs may affect the level of output necessary to break even * Support applications for loans from banks and other financial institutions the use of the technique may indicate good business sense as well as providing profit forecasts. CALCULATING BREAK-EVEN POINT USING CONTRIBUTION Calculating the break-even point for a product requires: * the selling price of the product * its fixed costs * its variable costs per unit. The break-even output level can be calculated by the formula: Fixed Costs BEP = Contribution (selling price variable cost per unit) Contribution is the difference between revenue and variable costs. It is used to pay fixed costs and to provide profits. EXAMPLE A firm selling tennis rackets has fixed costs of à ¯Ã ¿Ã ½1,000 and each racket costs them à ¯Ã ¿Ã ½20 to produce. The retail price of the rackets is à ¯Ã ¿Ã ½30. How many rackets does the firm have to sell to break-even? à ¯Ã ¿Ã ½1,000 à ¯Ã ¿Ã ½1,000 BEP = = = 100 rackets (à ¯Ã ¿Ã ½30 à ¯Ã ¿Ã ½20) à ¯Ã ¿Ã ½10 TASK ONE Armstrong Ltd manufactures computer desks in a small business unit, which it rents from the local council. The rent is currently à ¯Ã ¿Ã ½400 per month and other fixed costs add up to à ¯Ã ¿Ã ½100 per month. The desks are sold to computer retailers at a standard price of à ¯Ã ¿Ã ½60. Production is organised between five staff and the variable production costs are à ¯Ã ¿Ã ½35 per desk. Calculate how many desks Armstrong Ltd would have to make in a month in order to break even. CALCULATING BREAK-EVEN POINT USING TC AND TR Another way of calculating the break-even point is to use the total costs and total revenue equation. In the case of the above example: Total costs = fixed costs + variable costs Or TC = à ¯Ã ¿Ã ½1,000 + à ¯Ã ¿Ã ½20Q And Total revenue = price x quantity sold Or TR = à ¯Ã ¿Ã ½30Q Where Q is the quantity produced and sold. A firm will break-even where total cost is equal to total revenue. Therefore we can write: TC = TR à ¯Ã ¿Ã ½1,000 + à ¯Ã ¿Ã ½20Q = à ¯Ã ¿Ã ½30Q To find Q we can calculate: 1,000 = 30Q 20Q 1,000 = 10Q 1,000 = Q 10 100 = Q TASK TWO Using the same scenario as before, calculate the break-even point for Armstrong Ltd using the total costs and total revenue equation.
Monday, November 4, 2019
Simulation Planning Document Essay Example | Topics and Well Written Essays - 250 words
Simulation Planning Document - Essay Example Exercise i. Mediator Role Having in mind that both parties are involved in the dispute as a mediator it would be important to: a. Get information from each party about their real interests from the case b. Understanding the case and thinking of the best solution to offer c. Setting a date for the hearing to be conducted between the two parties d. Providing a satisfying solution to both parties after the hearing Exercise ii. Plaintiff Role a. Approaching the mediator b. Gathering the relevant documents to file a claim using them c. Explaining to the mediator the interestsââ¬â¢ one need d. Informing Pollard about the case e. Making an agreement on the date of the hearing and how to conduct them f. Presenting claims Exercise iii. Defendant Role a. Getting relevant documents such as agreements initially signed b. Look for witnesses c. Agree on the date of hearing the case d. Present the defense. Question 2 Exercise ii BATNA- Compensation for $5000 Reservation price- $2400 (to be saved as the security deposit) Target- creating a good rapport with other tenants. Exercise iii BATNA- Maintain good reputation. Reservation- Harper having back the job. Target- Harper being fired officially
Friday, November 1, 2019
The term globalization used in relation to a host of social, economic, Essay
The term globalization used in relation to a host of social, economic, cultural and political processes - Essay Example To provide the reader with a broader meaning of globalization, I provide lists of selected definitions from recent authors and writers. These experts are from different disciplines and organizations as well as from both poor and rich countries. The organizations include the United Nations systems, universities, and leading media outlets. The disciplines include management and journalism. Still, the list must be seen only as a small sample and is not intended to be comprehensive. "It is the inexorable integration of markets, nation-states and technologies to a degree never witnessed before-in a way that is enabling individuals, corporations and nation-states to reach around the world farther, faster, deeper and cheaper than ever before, and in a way that is enabling the world to reach into individuals, corporations and nation-states farther, faster, deeper, cheaper than ever before." "Globalization is the growing interdependence of the world's people a process integrating not just the economy but culture, technology, and governance. People everywhere are becoming connected-affected by events in far corners of the world." "Present day globalization is a unique convergence of technological, economic and political forces of daunting power and influence, having a massive impact on all aspects of public and private life in economic, social, political and cultural affairs at global, national and local levels. As it influences states and their partner actors, it is also exploited and shaped both positively and negatively by those with the foresight and resources to appreciate its power. Yet, so diverse and overwhelming is globalization's manifold influences that no one group or sector can control or stop it. As such, it has been responded to and manipulated by a range of actors in the public, private and civil society actors, is instigated in good and bad motives, and has benefited some social and economic groups, but has hurt others who have become more vulnerable and disempowered due to its influence." -United Nations (2000:10) "Globalization has three dimensions: cultural-ideational, politico-institutional, and economic. There are three ordinarily ranked levels of economic integration: existence of global infrastructure, harmonization and convergence of economic policies and institutions, and/or borderlessness. To understand the policy implications of cross border economic integration, we need to focus on flow of goods and services as well as factors of production-land, labour, capital, entrepreneurship, and technology." -Aseem Prakash and Jeffery A. Hart (1998:611) "All institutions have to make global competitiveness a strategic goal. No institution, whether a business, a university, or hospital, can hope to survive, let alone to succeed, unless it measures up to the standards set by the leaders in its field, any place in the world. The world economy is increasingly becoming global. National boundaries are impediments and cost centers." -Peter F. Drucker (1999:61, 63)"We cannot live as isolated individuals. As market
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