Monday, February 17, 2020

Performance within Community by BMW Group Research Paper - 2

Performance within Community by BMW Group - Research Paper Example BMW Group was founded in 1917. Its chief operations were entitled to the production of an engine for airlines. In 1923 the company first produced motorcycle and in 1928 with the acquisition of â€Å"Eisenach Car Production†, they developed a new market. The company was involved in the production of airplane engine along with other car activities during the Second World War. After this period the company has been recorded to witness continuous growth. In 1951 they first entered the luxurious automobile division and launched BMW 501 (Ploen and Olesen 2010). Another model with a V8 engine, the 502 was one of the best creations of BMW. From 1954 onwards numerous versions were available but the sale was not sufficient to reach their profits. Despite facing financial problems they opted to build sports versions of 502 in 1954 (BMW n.d.) After realizing the great potential in the car manufacturing industry, BMW solely focused on manufacturing cars in different innovative designs. Per petually, the acquisition of Robert Group was initiated by the company with an expectation for its development which resulted in great failure. Again in 2003, the company acquired Rolls-Royce and extended their brand portfolio. Presently, BMW has become a house of brands comprising of BMW, Rolls-Royce, and Mini (Ploen and Olesen 2010). BMW was listed at the top of the Dow Jones Sustainability Group Index (DJSGI) in the year 1999 and 2000, as the world’s leading automobile industry in sustainable development. The increase in the value of companies as recorded on the DJSGI clearly surpassed the Dow Jones Global Index. At the same time in 2000, the value in the C-DAX Automobile Index was decreased by 21 percent and the share price of BMW was raised by 13.4 percent in the same period (BMW Groups 2002). Most of the roads of the world are populated by BMW with its firmly engineered and reliable cars. In spite of these two aspects, BMW is also known for its car with high performance as it is built based on production vehicles. They have provided their best efforts for highest-performance road cars (Cohen 1996). 2.2. Role of Business towards Community BMW possess various goals and objective towards the community. They are involved in increasing the road safety, creating awareness among people, opposing the violence in the community, fighting against HIV/AIDS, developing educational projects related to schools as well as kindergarten, creating mutual trust within the communities (BMW Group 2008). BMW encourages the exchange of ideas along with the understanding of intercultural aspects by applying a variety of cultural initiatives. For the BMW Group, cultural engagement has been an integral part of the corporate communications activities for more than 30 years.

Monday, February 3, 2020

World Trade in Merchandise Essay Example | Topics and Well Written Essays - 1750 words

World Trade in Merchandise - Essay Example Between the months of June and September, the price index lost 11.5 percent in terms of the dollar. (United Nations, 2009, p.45). The reason that can be identified for contraction in trade is a financial crisis. There was slow growth in output by almost 2 percent and the probability to fall further was high as well. The impact of the decline in total world production was magnified in trade. Since the month of September 2008, the imports and exports of the major developed and the developing countries declined. (World Trade Organization, 2009). The share of developing countries in the total global trade started to rise. It was assumed that a ‘decoupling effect’ would emerge into the picture and the developing countries will be less exposed to the economic downturn. As all regions of the World are slowing at once, the decline in demand conditions is more widespread than that of the past. The second reason that can be accounted for is the presence of increasing global supply chains in total trade. In the production process, the goods are supposed to cross many boundaries and the components in the final product are considered each and every time they cross a boundary. The only way to avoid such kind of effect is to measure the transactions in trade on the basis of the added value at each stage of the process of production. Shortage of trade finance can be regarded as the third reason for the situation. Shortage of trade has lead to a shortage of trade. This problem is receiving attention from government and other international institutions. The role of the WTO has been like an honest broker. It brings the top players to work together that will ensure the availability and also the affordability of trade finance. Protection is yet another factor that contributed to a contraction in trade. Rises in the level of protection are threatening to the prospects of recovery and delay the downturn. In the long run, the aggravated protectionism policy is a source of concern. 2. â€Å"Free trade, one of the greatest blessings which a government can confer on a people, is in almost every country unpopular† Lord Macaulay (1800-1859). It is true then and arguably very true today. (a) Critically discuss THREE forms of non-tariff barriers used by governments to limit the free flow of trade and assess their possible effects on consumers in any market of your choice. Nontariff barriers The three forms of nontariff barriers are imported quota, import licensing requirements, and import deposits. American firms have registered few grievances against Dutch firms. The Dutch came up as the neutral traders of Europe as they opted for a level playing field for trade matters. Soft drinks, beer, and petroleum products are the items where excise tax is levied. The excise tax is borne by the importers in addition to customs duty. The European Union aims to create a single international market and harmonize the excise taxes. Nontariff barriers are a measure used by the government to favor goods that are produced domestically over goods produced in foreign countries. The nontariff barriers are used to reduce the volume of imports so as to help the domestic producers. A quota may be defined as the maximum limitation either in physical units or in other terms imposed on imports of a product for a certain period of time.