Introduction Of Tourism Industry Tourism Essay Essay Example

Introduction Of Tourism Industry Tourism Essay Essay Definition of Tourism: It is difficult to specify touristry because touristry is a complex industry and many others concern involved. Harmonizing to WTO universe touristry administration Tourism comprises the activities of individuals going to and remaining in topographic points outside their usual environment for non more than one back-to-back twelvemonth for leisure, concern and other intents. 1.1Characteristics of Quality Tourism Beautiful, attractive topographic points We will write a custom essay sample on Introduction Of Tourism Industry Tourism Essay specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Introduction Of Tourism Industry Tourism Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Introduction Of Tourism Industry Tourism Essay specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Atmosphere must be relaxed Cleanliness is affair Sun radiance, healthy clime Good culinary art must play a portion Quietness and less traffic It is of import to cognize that travel and touristry industry is a service industry. This industry provides different types of services to their client. These service industries include: 1. Transportation system services such as air hoses, managers, and sail. 2. Hospitality services such as adjustment including hotel, resorts, Villas and BB, nutrient. 3. Entertainment such as amusement Parkss, casinos, music etc. 1.1.3 Nature of the touristry Industry: Travel and Tourism is a service industry. The nature of the service industry is really complex. We can hive away goods and merchandises but we can non hive away service. Service can merely be experienced. My research undertaking is base on the operation direction of Ashok Heritage Travels. In this research undertaking, I have explained how operation direction works in touristry and cordial reception industry in these yearss. 1.1.4 Purpose of the survey: The chief intent of the survey is as follows: To analyze the Current state of affairs of the Business environment and the factors which may impact the operation map of the circuit bureau To understand the direction of HR in Ashok Heritage Travels. To cognize the quality of service provide by the Ashok Heritage Travels To understand their operation direction procedure. 1.1.5 Restriction of the Study Operation direction in travel and touristry industry plays really critical function. For the operations directors it is really ambitious and curial portion to understand the markets tendencies, client s behavior and the concern environment. In this research undertaking following are the restriction of the survey. This research covers merely few selected operations maps of the company. This research relies on secondary informations and others resource. The survey periods are merely 1 twelvemonth. The research Project and its consequence will depend on the handiness and dependability of informations. 1.1.6 Organization of the survey: The survey has organized in the undermentioned ways: Chapter -I ; Introduction This chapter deals with capable affairs of the survey dwelling debut of the touristry industry, definition of touristry, focal point of the survey, statement of the job, aim of the survey, and restriction of the survey. Chapter -II ; Review of Literature This chapter deals with the reappraisal of the different literature of the field. Therefore it includes some studies, books and research plants. Chapter-III ; Research Methodology This chapter deals with research methodological analysis and it includes research design, sample, and beginning of technique and restriction of the methodological analysis. Chapter-IV ; Data Analysis It deals with presentation and analysis of relevant informations and information through definite classs of methodological analysis and major findings. Chapter-V ; Conclusion and recommendations It states drumhead, decision and recommendation of the survey. This chapter states chief findings, issues and spreads and implicative model of survey. CHAPTER-II REVIEW OF LITERATURE After choosing the subject of the research, I have to reexamine some related books, literatures and newspapers so that it helps to do clear thoughts, sentiment and others constructs. All the gathered information can be utile for the research undertaking. The purpose of the present research undertaking is to understand the operation direction of the travel and touristry company in the concern environment and how it affects the operational maps of the companies? This chapter is divided into six parts: 2.1. History and Government Policies of Indian Tourism 2.2. Introduction of the Company. 2.3. Internal and External factors. 2.4. Marketing Mix of the company. 2.5. Operation Management of the Company 2.6. Rival Analysis. 2.1. History Of the Indian Tourism and Government Policies of the Indian Tourism: India is the universe s 7th largest state, covering more than 3 million squares kilometers. It is 2nd merely to china in footings of population. India comprises of 28 provinces and 7 brotherhood districts each known for its particular appeal and beauty. It is a multicultural state, so it is called unity in Diversity . 18 major linguistic communications and more than 1000 minor linguistic communications are spoken. Hindi is the chief linguistic communication spoken by 40 % of population but English is widely popular and spoken. India represents one of the most possible touristry markets in the universe. India offers multiple picks to the tourer from frozen Himalayas to tropical verdure of Kerala, historical land, spiritual site, historical garrisons and memorials, shimmering rivers to their desert. India is one of the most visited states ; pull 1000s of tourers all over the universe. 2.1.1. Tourism development in India: Tourism in India has passed from many stages. The Sixth Plan marked the beginning of new epoch when touristry began to be considered a major instrument for societal and economic development. Following are some of import day of the months: in 1966 ; -India touristry Development Corporation were puting up to advance India as tourer finish. 1982: A National Policy on touristry was announced. 1988: National commission on touristry formulated for sustainable growing of touristry. 1992: National Action program was prepared 1996: National Strategy for Promotion of Tourism was drafted. 1997: A new touristry policy with economic policies of authorities was published for public argument. The policy recognise for the function of Central and State Government. The demand for engagement of Panchayat Raj institutes on-governmental administration, local organic structures and local young person in the creative activity of touristry installations has been recognised. 3. Policy Principles: In the 11th program touristry development was chief issue. 1. Focus on incorporate development touristry through mega undertakings 2. Harmonizing due importance to domestic touristry. 3. Positioning India as a value for money finish that delivers superior experience as rivals. 4. The function of authorities is to make an enabling environment where private sector investing can happen and take function in merchandise development. ( By IITM Report ) 2.1.2. Tourist attractive force topographic points: Varied life manners and civilization heritage and colorful carnivals and festivals inspire tourers. Adventures circuit, Cultural circuit, wildlife and landscapes, South Indian circuit, scientific discipline touristry and spiritual circuit and other activities attract the tourers. The most 10 admiration topographic points of India s tourer attractive force topographic points are as follows: Taj Mahal ( memorial of love ) Beachs of Goa Himalaya mountains Ajanta caves Varanasi Ghats Khajuraho Temple Kerala backwater Corbelt National park Rajasthan Garrisons Udaipur Golden temple in Amritsar 2.1.3. Growth: Harmonizing to the IITTM ( Institute of India Travel Tourism and ministry ) . During 1990-2010 international tourer reaching grew from 435 million to 940 million, entering an mean one-year growing of 5.8 % . 2.1.4 Review of the related surveies: In this subdivision of this chapter an effort is made to reexamine the assorted surveies of past researches associating to Indian touristry, travel bureaus, circuit operators, cordial reception direction and about Ashok Heritage Travels in concern environment. 2.1.5. Review of Report: Travel and Tourism Industry in India by Indian Institute Of Tourism and Travel Management Published in August 2011. Manjula Chaudhary, the writer A ; Director of Indian Institute of Tourism and Travel Management, Gwalior and Dr. Sutheeshna Babu, Nodal officer, Goa.The study has been taken from different dependable secondary beginnings. The chief slug points of this study are, 1. To understand the present position of planetary touristry 2. Recent Tendency in Indian Tourism. 3. Quest for New Tourism Products. I have studied all this study and it supply me necessary information related to my undertaking research. 2.2. Introduction of the company My undertaking research is about Ashok Heritage Travels Company which was established in 1999. The chief office of the company is in Jaipur, India and others subdivisions office in German and Spain. The company was started as a little travel bureau but after several old ages has grown into open uping circuit operating bureau. Today, Ashok India travel has emerged as a leader among tour operators. The mission statement of the company is Deliver more than you commit . The company has proper licensed by Department of Tourism, Government of India. The company s nucleus activities are inward touristry, domestic touristry and leisure travel. They do hotel reserves, train engagements and auto leases. The company has broad web of offices all over the India, so they serve their clients best and look after their demands. It is assured by the company that they provide best merchandises and services to their client. Vision Of the Company: Building memories through travel 2.2.1 Servicess of the company: Company are specialized in forming circuit bundles in all over the India and Nepal such as wild life circuit bundle, South of India, North of India, Ethnic circuit in Rajasthan, Golden Triangle circuit, luxury circuits. Others services of the company are Car rental, hotel engagements in all of import sites of India, Train and Flight Reservation, Tour Packages by Ashok HeritageTravels: India and Nepal Tour Epicurean Tour North India Tour Rajasthan Tour Packages South India Tour Wild Life Tour 2.3 Macro Analysis: Any administration can non go out vacuity. They are surrounded by different forces which are straight or indirectly act upon the work of the concern. These forces are of two types, Internal and external forces. Internal forces can be control and alteration harmonizing to the state of affairs. But external forces are difficult to command. The external forces are called Macro environment ( PEST ) . The directors of Ashok Heritage Travels company has to the full understand their operating environment and rapidly react to any alteration. Political, Economical, Social, Technological, Legal and Environmental ( PEATLE ) factors These are the factors which are non in company s control and can hold major impact, positively or negatively, on the growing of the administration. Lets discourse them as follow, 2.3.1. Political Factor: Introduction: Political agencies engagement of the Government in the industry of travel and touristry of the host state. Government generate Income from the Tourism industry and increase GDP of the economic system of the state. It is really of import for the Govt. to promote more touristry. More touristry generates import revenue enhancements, grosss and employment to the local people. The major factors are: 1.Stable Government: It is really of import factor that if the authorities of the India are stable and co-operative with the foreign investors, Govt acquire revenue enhancements and local people get occupations. Unstable Govt, communal clashs, offense, riots create bad impact on the tourer and as a consequence less touristry in India. Peoples avoid such topographic points. 2. Attitude of the host state towards tourer: The attitude of the host authorities towards their tourers should be positive and warmth. Tourists are from different civilizations and linguistic communications. 3.Infrastructure development: Government of the India has to put money on substructure and ace substructure. Roads should be proper constructed, main roads, hotels, motels, guest houses. Clean environment.Proper installations of conveyance ( air, route and ships ) . Tourist can easy travel anyplace, everyplace with in the state by usage of conveyance. .Tourist information Centres for the tourer so that they do non confront any jobs. 4. Terrorism and Security: Government has to supply proper security to all. Visitors or tourers ever avoid such topographic points where menace of panic onslaught. From illustration on November 2008, a series of co-ordinated bombardment and hiting onslaughts in Mumbai.The chief mark was foreigner people. This type of panic onslaught impact bad feeling on the tourer and they avoid sing. Government has to be watchful and rapidly response. Strict Torahs and particular administrations that provide security to the local people and visitants. 5. Planning and Permission. Tourism development planning conforms to the national planning procedure. The nature of developing planning means that assorted other sections, bureaus and curates involved. Grant of export and inducement for advancing private investing in the signifier of income revenue enhancement, subsidy and cut down import. 2.3.2. Economic factor: The province of the economic system besides influences on the company Ashok India travel. Economic factor indicate the disbursement form of the domestic and international tourer. In recession clip people spend less and at roar clip they spend more. Others factors are: 1. GDP of the state: Tourism besides contributes in economic system of the state. The economic system of the India is the 11th largest in the universe by nominal GDP. Country s Gross Domestic Products is straight increase by2 % by WTO 2. Employment: Tourism has emerged as an instrument of employment and human development. Professional preparation Institutes are opened by public or private sectors. 3. Foreign Exchange Rate: The value of the money addition in any regard. For illustration the rate of one lb is 80 rupee. For the international tourer, India is best finish. They can pass epicurean vacations with less money. Ashok Heritage Travels provide best quality of merchandises, high criterion of services with sensible monetary values to pull both domestic and international touristry. 4. Integrations/mergers of hotel ironss: If Ashok Heritage travels and tour merge with other standard company so the disbursement cost will diminish. They can offer inexpensive vacations as comparison with rivals. Second, they can able to supply more client attention in term of easy handiness. 2.3.3. Social Factor: Social factor means the impact of touristry industry on the life of local peoples, state and on the tradition civilization. More hazard of losing civilization individuality is associated with the increasing figure of tourer and travel industry. Others factors are: 1. Education: the chief factor is instruction. Education is better than earlier. Now instruction provides awareness and cognition of the universe. Peoples are good educated and their manner of populating standard alteration. 2. Changing in Life manner: Life manner of the people is altering. Most of the people in India are act uponing by western civilization. Trends towards fitter life manner are increasing. 3. Demographic alteration: like little households. Womans are traveling out for work. Local households traveling out with for leisure activities and domestic touristry. 2.3.4. Technology: Technology drama critical function in touristry. Today consumers want easier, quicker and cheaper services and merely engineering can make it possible. The consumer demand, Communication, conveyance and IT has made the whole universe as a planetary small town. Role of the cyberspace: The chief impact of new engineering on consumer is internet. Internet provides all information within seconds. Internet give you chance to do their ain travels and vacations bundles, cheque in -out. CRS is increasing. ( computing machine reserve system ) .Ashok India Travel company has proper installed engineering and new version of package s. Company has ain intranet and extranet for clients. Engagement of the media: Media such as telecasting, internet advertizement, wireless, electronic boards on the coachs and tubing station used by company to pull the clients worldwide with the beauty images, exciting topographic points of India and Nepal. 2.3.5 Micro Analysis: It means the internal forces which straight influence the map of the company s and these forces can be control by the company. 1. Employee: Staff is the assets of the company. They represent the company images and straight cover with the clients, if the staff is non happy, motivated it straight influence clients and as a consequence dissatisfied and less concern. 2. Customers: The chief intent of the Ashok Heritage travels is client satisfaction. Positive relation with bing clients and offers good trades to them so that they neer leave you. It is of import to understand that one dissatisfied clients tell to 11 clients as a consequence less concern. 3. Suppliers: Suppliers such as little bureaus, air hoses, local hotels, local coachs and managers. Good maintain relation with providers who provide all necessities requirement on clip. 2.3.6. SWOT analysis of the Ashok Heritage Travels: Strength: Wide arrange of web: company has wider arrange of web all over the India so that they provide best client attention, installations anyplace. High Quality Merchandise: company offers high Quality of merchandises and services to their clients. Staff: Well trained professional, committed, work as squad spirit staff. Celebrated and Positive Brand Image: Positive trade name image on the head of clients. Customer trueness: clients are really loyal with the company. Once they booked with them, they ever come back to company. Company give them loyalty price reductions, offers to retain them. Strong Advertisement and finance control: Effective advertizement and sound finance is the strength of the company. Internet services: On-line engagement, payments, offers merchandises and services, full information. Easy entree of web sites. Private and security package. Failing: 1.Safety: Any aliens when visit to others states the first thing they want is safety. But because of the bad relation with Neighbour state and increasing offense twenty-four hours by twenty-four hours impact on Indian Tourism. Mumbai onslaught and mark on aliens is the latest illustration which impact bad feeling on the head of the foreign visitants. Lack of proper substructure: Due to non proper roads and main roads. Inefficient to supply basic installations at airdromes, coach bases. No proper traffic regulations and more accident. . Opportunities: New Market: Ashok Travel and Tour Company offers circuit bundles for India and Nepal. But if they offer more tour bundles for others international states such as Packages for Egypt, London, Paris. Increase Hotel and conveyance installations: If the company provide more local conveyance installations such as auto hire, managers and private ain bikes as per client demand. Hotel installations such as different sort of nutrient continental, Thai, English.so that client happy and satisfy. Encouragement from Government: Government has to give grants to the private sector so they encourage giving all installations to the tourer. Menaces: Economic lag: Due to recession, passing form of the consumer has changed. They spend merely on necessary things such as nutrient and apparels. Better installations by rivals: If the rivals give better services in sensible rates, it s a large menace for the state and for the company every bit good. Political instability: Political turbulency has besides consequence on the touristry industry. Marketing Objective of Ashok Heritage Travel: 1. Achievieng a certain degree of gross revenues growing within a given of clip 2. Increasing the profitableness of the administration 3. Reducing concern hazard by happening new markets and pulling possible clients. 2.4.1 Marketing Strategy of the company: Marketing Mix of the company Marketing mix is a concern tool usage in selling merchandises and services. Selling is the construct of expecting demand, recognizing it, exciting and so eventually fulfilling it. Ashok Heritage Travels involved in measuring client demands and turning that into effectual demand for specific merchandises and services so as to fulfill clients and achieve the aim of the company. 4 Postscript: Merchandise, Price, Place and Promotion. 1. Merchandise A Merchandise is defined as anything that is offered to the market to fulfill a privation or demand. Product in cordial reception industry is touchable and intangible. Merchandises such as seats.hotel suites you can see and touch but service can merely be experienced. Servicess are perishable, inseparable, Variable ; Heterogeneity.Absence of individual constituents, the merchandise is uncomplete. Ashok Heritage Travels offers different circuit bundles in different topographic points all over the India and Nepal. Truths of bundles such as circuit to Taj Mahal, Himalayas, beaches and verdure of Kerala all are the merchandises of the company. 2. Monetary value: Monetary value is the sum of money charged for goods or services. Price is the lone selling mix component that produces gross. Price says something to the consumer about the nature of the merchandise. Price depends harmonizing to the followers: 1.Elasticity of demand and supply Harmonizing to the geographic country of the finish. Peak season Seasonality Degree of competition. Pricing on the tourer merchandise is really complex. Increase fuel of air travel, recession clip hit the travel and touristry industry really severely. Some companies shut down and some are fighting to get by with these challenges. Ashok Heritage Travel and Company knows better about the pricing policy and they offer the merchandises harmonizing to it. Company follows two regulations: Marketing Strategy. Tactic Level. Topographic point: Different distributor is selected for selling. There is little agent spread all over the large metropoliss that plays a function of distributor for the company. Ashok Heritage Travels act as a jobbers and the jobbers act as a retail merchant. The major determination that the company takes sing distribution is related to the channel of pick and channel members. 1. To ease the purchase in progress. 3. Company bought air hoses seats, hotel, adjustment, coachs for the local sight- visual perception. The latest tendency to selling tourer merchandises By the Ashok Heritage travels through Internet. E-ticket, direct engagement, on line payment, on-line cheque in or look into out. It is speedy, inexpensive and saves of clip. 4. Promotion: The publicity undertaking simplifies the activities of ratting, carrying and act uponing the determination of possible tourer Advertisement, media, IT, personal merchandising, public dealingss, direct selling and sponsorship. Ashok Heritage Travels are usage following promotional scheme: Raising consciousness of their merchandises in the market. Promote bing clients to purchase their merchandises by loyal strategy. Inform to the client and possible client about their particular offers. All people in the Ashok Heritage Travels are good trained, know-how, professional trained, multi skilled, best communicating accomplishment and supply best client attention to their clients. 2.5 Operation Management of Ashok Heritage Travels Introduction: Operation direction in the company are responsible for assorted activities and duties. The chief purpose of the operation direction is to utilize the administration resources such as adult male, material finance, machine in effectual manner so that they able to fulfill client. Ashok Heritage Travels is a large company web within the all over the India. They arrange different sorts of circuit, travel engagements and ain conveyance agreements. So the operation direction of such a large company is complex. The duties of the operation directors are Understand the long term aims of the company. Controling and keep all the internal and external activities Research, design and development of the merchandises and services. Quality confidence. Management of stock Capacity Management Management of staff, unexpected busy clip Communication with others sections such as selling, gross revenues sections. Planning of circuit by the Ashok Heritage Travels: Planing involves several phases. The three chief phases are: Market research Negotiation Commercialization of the merchandises Market Research: The purpose of the Market Research is to understand analyse the chief elements related with the market and its environment. Market research will let company to fit merchandises to client demands and aim peculiar market sections for their merchandises. Procedure of market research includes nonsubjective designation, aggregation of informations, analysis, airing and usage of concluding information. Target Market: Company aim the market by offers specific merchandises and positioning the merchandises in distinctive from its rivals. The chief mark of the company is inward tourer and leisure tourer. Negotiation: The Company has adequate information on the mark market and they create circuits bundles by negociating the needed services with several providers: Airlines conveyance, adjustment, providing and others particular providing services. The chief purpose of dialogue is to make the best competitory monetary value for satisfactory quality- monetary value ratio. Company s has ain agreement of travel and conveyance so that they provide best and convent services to the clients. Finalizing the contracts: When dialogues have been successfully agreed, contracts are drawn between different services provider. Company wage progress payments to the providers so the undertaking of planning and costing of the tour start. The company slogan is to fulfill clients and do their travel and tour a pleasance. Selling and marketing the merchandises: The Company offers their merchandises straight to the market or sells them through travel agents. The sale is depending on the presentation of merchandises in booklet designed by the circuit operator. Effective selling, sale publicity and advertisement runs play of import portion. The Booklet: This is the chief selling tool usage to sell circuit bundles by the Ashok Heritage Travels. Thousands of transcripts distrusted through their ain retail mercantile establishments, sent straight to the bing clients, on the cyberspace, local newspapers, magazines, company s web site, on telecasting and all others media. Company launch booklets at right clip, right topographic point and day of the month. In the booklets, coloring material exposure, high spots of the vacations, promotional pricing designed to pull the client s attending. Pricing Package Tour. After the aggregation of information, company set the monetary value. Monetary value of the bundle circuit is right for the market, competitively monetary value and offers discounting schemes. Box tour include: travel, circuit, attractive forces, adjustment, and nutrient with broad scope of picks, choice and bead. They besides offer flexible Tourss. Reservation System: Company has CRS ( Computer Reservation System ) .for both air hoses travel and train travels. In the extremum season, company purchase seats from air hose in progress for international tourers. Company has own web site ( www.ashokheritagetravels.com ) by which all clients bing or possible can easy entree the information, offers, send quires, book on- line, see booklets and all related information. Agreement of Staff By the Ashok Heritage Travels: Operation Directors of the company usage this resources productively and so more productiveness by using the employees decently. Ashok Heritage Travels has Skilled, motivated and dedicated staff. Company provide professional preparation to their staff. Company has assured that their staffs have following accomplishments: 1. All staff gets required accomplishments, cognition and abilities. 2. Performance at high degree. 3. More confident and productive 4. Adopt alterations 5.More committed and satisfied by the occupation 6. Quick response. 7. Motivation and positive image of the company. 8. Multi-skill 9. Politness and friendliness. Monitoring and Review: The operation direction of the company have proper proctor and reappraisal program to look into the operation procedure of the company. To see the spreads and countries need to better. 1. By Monitoring and commanding the quality, cost, finance budget, gross revenues, selling and clients demand. 2. Monitoring employee s public presentation and take measure to supply preparation and better productiveness. 3. Feedback from the clients. Feedback signifier to make full by the clients so that company cognize how they are making and what client wants from them? Customer s feedback, ailments, new thoughts to better merchandise, services and procedure. Rival Analysis: Porter s five forces theoretical account: 1. Competition among the industries 2. Power of client. 3. Power of Supplier 4. Menace of replacement 5. Menace of new Entrants. 1. Competition among the industry: The strength of competitory competition is the major determiner of the fight of the industry. Here the competition is among the local finishs of India and International competition of India with others states. Local finishs International degree 1.Cultural Centres Nepal 2.Religius China 3.Hills station Singapore 4.Coastal Area Sri Lanka India can make really good in the competition if India has powerful scheme, publicizing efficaciously ; advance India as Incredible India . 2. Power of the clients: As clients and tourer makes this industry, so it is the ability of the Customers to set force per unit area on the company as a consequence client s sensitiveness to monetary value alterations. Proper Infrastructure Best client services and safety More picks and inventions High Quality and less monetary value Substitutes Available Merchandise Differentiation 3. Power of the providers: The public presentation of the providers in the touristry industry play critical function. Supplier of natural stuffs, labors, merchandises and services on the right clip, right topographic point, in effectual and efficient manner. Suppliers can be beginning of power to the company, when there are few replacements and high monetary value for alone resources 4. Menace of new entrants: New entries of large and little companies in the same market will diminish the profitableness of the others bing companies like Ashok India Travel. Upcoming International states such as Philippines, Indonesia and Bangladesh are menace for Indian touristry industry. Barrier to entry: Companies have to use all following Techniques for barriers to new entrants: 1. Cost Advantage 2. Learning curve 3. Good Relationss with providers and clients. 4. .Brand Loyalty 5. Entree to Distribution 6. Government Policies 5. Menace Of Substitutes: Being of the alternate merchandises and services in the market, clients can exchange to, Monetary value Performance Switch overing cost Substandard merchandises CHAPTER-III REASEARCH METHODOLOGY Introduction: Research methodological analysis explains the methods used in the survey including presentation of the research design. Collection of informations, informations analysis and reading of informations, and facts to work out the research jobs and carry through the basic aim of the survey. 3.1 Research Design Research design is the of import component of the research. The process start from the aim of the research, explain the solution or the method of probe the solution. Research Design is the program, construction and scheme of probe done so as to obtain the replies of the research inquiry and discrepancies. ( Kiplinger ; 1978:300 ) The research design fundamentally follows here to understand the operation direction procedure in the concern environment of Tourism Industry. 3.3 Collection of Datas: Information is life for any research. There are several ways of roll uping informations.Primary informations can be roll uping through experiment or through study. Secondary information is that informations which already issue. We merely happen in Google hunt, directories, buy from others house or company has own informations. The information and information in this research undertaking is based on secondary informations. Data collected from different beginnings for illustration from Indian Tourism web site, WTO. ( World Tourism Organisation. ) and from Report by. IITHM 3.4 Method Of Analysis and Presentation: The analysis of informations is done harmonizing to the form of informations available. 3.5 Restriction of the Methodology: Datas obtained from different web sites and all informations is based on secondary informations. Unavailable of Primary informations makes the research spot vary.Some proficient errors may be done. CAHPTER-IV DATA PRESENTATION AND ANALYSIS To carry through the aim of the survey mentioned in the first chapter, information is collected and several technique and tools will be used to obtain it. In this chapter my attempts are made to analyze informations base on Travel and touristry industry. I collected informations on Indian touristry. 4.1 Growth of Indian touristry Table.1 Regional Trends in International Tourist Arrival ( MILLIONS ) Year/region 2005 2008 2009 2010 Avg. Annual Growth ( % ) 2005-2010 Universe 798 917 882 940 4.45 Beginning: UNWTO Barometer Table 1.Regionally International reaching can be seen turning faster at the universe norm of 4.45 % during the twelvemonth of 2005-2010. 4.1.2. Foreign Tourist reaching in India: Table.2 Calendar month 2009 2010 2011 2010/09 2011/10 January 481308 568719 623885 18.2 % 9.7 % February 489787 552152 635527 12.7 % 15.1 % March 442062 512152 550051 15.9 % 7.4 % April 347544 371956 437792 7.0 % 17.7 % May 305183 332087 355333 8.8 % 7.0 % June 352353 384642 412336 9.2 % 7.2 % July 432900 466715 513853 7.8 % 10.1 % August 369707 422173 444548 14.2 % 5.3 % September 330707 369821 401995 11.8 % 8.7 % October 458849 507093 562873 10.5 % 11.0 % November 541524 608178 636762 12.3 % 4.7 % December 615775 680004 715364 10.4 % 5.2 % Entire 5167699 5775692 6290319 11.8 % 8.9 % Beginning: www.tourism.gov.in ( FTAs ) Table 2. Show the foreign tourer reaching in India during the twelvemonth of 2009 to 2011. Peak seasons- October to February is see being peak season for aliens. Highest % January 18.2 % ( 2010/2009 ) . Lowest % April 7.0 % ( 2010/2009 ) . We can see that 2010/2009 lowest % of month is April but this was alteration in 2011/2010 informations. April was the highest % . Table 3.Domestic Tourist in India: Main tourer Finish Tourists Statistics Kerala Year Domestic Tourists 2004 5872182 2005 5946423 2006 6271724 Tourists Statistics Goa Year Domestic Tourists 2004 2085729 2005 1965343 2006 2098654 Domestic Tourists Statistics Delhi Year Domestic Tourists 2004 1866552 2005 2061782 2006 2237130 Beginning: Indian Tour Operators Promotional Council Leading Tourist Finish: Kerala has major hot topographic point for domestic tourers and for the foreign tourer as good. CHAPTER-V CONCLUSION AND RECOMMENDATIONS Introduction: This Chapter is focused on decision and recommendation on the footing of analysis which have been derived from Indian Tourism and Ashok Heritage Travels Company. This Chapter is really of import as it allows: 1. To represents the consequence of the whole research. 2. To provides suggestion to the Tourism industry and Travel and Tour Operators of companies in Indian Tourism. 5.1 Decision: Tourism worldwide is an spread outing sector. Tourism in Indi has the important beginning of foreign exchange net incomes, employment coevals and societal -economic development. But the enlargement of international tourer to India, Tourist faces some jobs like unequal substructure, handiness to tourist finishs and in sufficient trained manpower.Poor hygienic status, torment of tourers, insecurity and hapless visitant experience. For the Company Ashok Heritage Travels has a possible to get by in the competitory tourer industry in India. Ashok Heritage Travels is dedicated travel bureau and their slogan is to fulfill their clients and they value their clients need and outlook. 5.2 Recommendations: Indian Tourists Board or Indian touristry has to take undermentioned stairss if they want India a best universe participant in tourer s industry. Proper Infrastructure and roads. Trains and railroads connexion to of import tourer finish. Increasing air place capacity. 3. Increase handiness of adjustments by promoting paying guest adjustments and adding hotel industry 4. Security, proper information centres 24/7 near to every tourer topographic points and easy available of maps, cusps and touristry magazines in stores particular near the finishs topographic points. 5. IT ( information Technology ) is really of import now the yearss. We can non conceive of a concern, touristry and instruction without IT. Indian Tourist Boards will hold to implement IT system in travel and touristry industry. 6. By internet online engagement, reserves, 3D cheque suites in hotels, up to day of the month information of Indian touristry, effectual advertizement and publicity of Indian touristry through cyberspace. Recommendation for Ashok Heritage Travels: Company has to concentrate on international market. They should hold to aim all market sections and aim all age s groups. Quality of services demands to better. Up to day of the month professional preparation Sessionss will necessitate to supply to all staff from underside to upper degrees. Use of Environment friendly merchandises, recycling, salvage power and H2O etc.will necessitate to be considered. Company has to take full advantage of IT. Internet booking on line, selling, e-commerce, proper information in website etc.

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Smoking During Pregnancy Essays Smoking During Pregnancy Essay Smoking During Pregnancy Essay A pregnant women and her unborn baby are sensitive to the effects of our environment, this include drugs, disease and stress. One of the legal drugs that exist is nicotine. Through smoking, nicotine is readily absorbed from tobacco smoke in the mouth, upper respiratory tract and lungs into the blood stream in which they are carried to all parts of the body (Fried Oxorn 1980, p. 26). Nicotine, carbon monoxide and other toxic substance of tobacco smoke is dangerous during pregnancy. Smoking during pregnancy is one of the bad habits that can bring complications to the baby.During the pregnancy there are potential problems associated with smoking such as increased the chances of miscarriage and stillbirth, having high risk premature baby and low birth weight infants. According to US Department Health and Human Services 1980 study (cited in Wakefield Wilson 1988, p. 5) that aside from birth weight, the risk of spontaneous abortion, fetal death and neonatal death rises directly with incr easing levels of maternal smoking during pregnancy. It is also know the increased risk of abruption placentae, placenta previa and bleeding early in pregnancy or late pregnancy is also related to smoking.In addition, there is evidence that smoking have long term effects to the child such as reduced physical growth, slightly poor performance on intelligence test, and some behavioural disorders in the child of school age (Fried Oxon 1980, p. 111). If the pregnancy is planned it is important to a mother-to-be to know how harmful smoking to the foetus is. There are studies that the women do not have the clear perception of the effects that smoking might have on the foetus and the risks involved.The best way to minimize the risk and complications of smoking is through quitting smoking cigarettes before becoming pregnant. However, if smoking cannot be given up entirely the pregnant women should at least decrease the amount of cigarettes smoked to decrease the severity of effects to the f oetus. Quitting smoking is beneficial to the mother-to-be and to the baby. Activities such as sports, exercise and listening music can divert the mind away from smoking. There are no harm of trying to quit smoking but if this will not working there are support strategies to help quitting effectively.

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Professional Versus Persona judgement in accounting world - Essay Example Personal judgment emanates from an individual based on personal views, values, and opinions. On the other hand, professional judgment emanates from a set of guidelines stipulated by relevant bodies in the respective profession. In the accounting world, the main accounting bodies that govern professional judgment are; The International Accounting Standards Board (IASB) and The International Federation of Accountants (IFAs). Personal judgment may be biased due to subjective reasoning from the accountant. Cottone, (2001) states â€Å"accountants need to move from psychologically based ethical decision-making models to socially constructed decision-making models.† Ethical issues that arise in accounting ought to be handled in objective reasoning (professional judgment) as opposed to empathetic and irrational reasoning (personal judgment). There are numerous users of financial information (managers, investors, lenders, employees, and shareholders). It is prudent that accountants apply the accounting guidelines in line with the Code of Professional Conduct stipulated by AICPA to put the interests of all users of financial information into consideration. In a situation whereby an accountant applies personal judgment to solve an ethical concern, he or she may end up favoring one party. Such acts may be considered discriminatory and may lead to legal action being taken against such accountants. All acco untants should bear in mind that â€Å"professional judgment results in wisdom from experiences being applied in ethical decision-making processes† (Lehr and Sumarah

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Benefits, impediments and critical success factors in B2C - Annotated Bibliography Example instead it provides insight that may be important for conducting future studies and development of theories while paying emphasis to obstacles and success faced by thousands of companies that have adopted and are adopting e-business techniques. In this study, the case study approach was used in which eight case studies were studied and analyzed while focusing on the benefits that a company expects to gain from e-business system and the benefits that the company actually gains and secondly the focus was on what are the issues experienced by those who implement e-business solutions and thirdly, the focus was on locating the critical reason that leads to the success of businesses that adopt e-business solutions (Dubelaar, 2005, p.1254). A total of eight companies were studied by the researchers, six of these companies had online existence and two of these companies were those who operated mainly through physical outlet, but they even had limited online existence. The study concluded that the major obstacles for companies in adopting an e-business solution were issues in operations, technology, leadership and lack of effective design for their business. The reasons that led to the successful application of e-business solutions were: application of doing business online and offline combined, delivering high value, customer retention and satisfaction, keep a bird’s eye on the activities of the competitors and lastly trust building. The researchers believe that if an e-business solution is to work in the factor of the company, the adoption of the solution should be relevant to the business, value adding to customers and should provide ease of operation for the organization. Since various businesses are adopting various e-business solutions such as selling over the internet and advertising, this journal article helps students learn what they have to do as managers to ensure that their business experience success as they adopt one of the e-business strategies and how

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Media and public relation - Essay Example Inclusion of an organization in the definition of PR may result into a misunderstanding of what PR really entails thereby yielding confusion of linkage between PR and other communication modes advanced by an organization such as advertising. As such, it is important to note that unlike most of the other communication modes by organizations, PR does not require direct payments. In fact, this seemingly forms the basic distinction between PR and advertising in relation to advancing marketing communication. Additionally, the Primary goal of PR is to inform the publics thereby giving them a sense of the desired perspective towards the particular party in play. PR can be used in various different platforms such as business organizations and government related matters. Nevertheless, for this particular paper the focus will lie more on the factors affecting the historical development of PR in relation to two countries, Germany and the United States (US). The choice of these two countries is mainly based on the fact they are among the first pioneers of PR hence are at a better position of exploring much of the history attached to PR. Some of the factors considered to affect PR development range from cultural to political and the general development of the country among others. Modern PR plays numerous roles in favor of its users through persuasion and consequently getting the desired results. One of the most common applications of modern PR by different organizations is lobbying. Lobbying involves use of communication strategies to persuade the government to act in favor of the particular party in play. For example, an organization may write to a congress member seeking a vote against a certain bill that may impact negatively to the organization if it is passed. Such an action is considered lobbying since it expresses an opinion regarding to a particular legislation. Similarly, ancient communications have some traces of lobbying hence qualifying them as

Economic Growth And Development Of Nigeria Economics Essay

Economic Growth And Development Of Nigeria Economics Essay Agriculture is an important sector in the developing world. It contributes to economic growth and development as well as a major employer to majority of the people of Sub-Saharan Africa including Nigeria, especially those in the rural areas. This study investigated the role of agriculture to Nigerias economic growth and development. Secondary data were used for the analyses and were obtained from various publications of the Central Bank of Nigeria (CBN) and the National Bureau of Statistics (NBS). Variables used for the estimations included overall gross domestic product (GDP) of Nigeria, agricultural GDP, government spending on agriculture, credit to agriculture and the population engaged in agriculture. The data cover the period between 1981 and 2010. Growth and Cobb-Douglas production models were estimated. The results showed that overall GDP, agricultural GDP, and government spending to the agricultural sector of Nigeria generally assumed upward trends during the period. Credit t o agriculture and government spending to the agricultural sector were the factors found to significantly influence the contribution of agriculture to national economic growth and development. It is concluded that agriculture continues to play important role in the economic growth and development of Nigeria. It is recommended that policies should be formulated to encourage the flow of more credit to the agricultural sector of Nigeria. Besides, it is important that the government of Nigeria to increase its spending on the agricultural sector since this positively and significantly influence the contribution of agriculture to national economic growth and development. 1.1 Background to the Study Nigeria is one of the largest countries in Africa, with an estimated population of about 158 million (World Bank, 2010). The country has highly diversified agro-ecological conditions, which makes it possible for the production of variety of agricultural products. Furthermore, agriculture constitutes one of the most significant sectors of the economy (Manyong, et. al., 2005). Agriculture in Nigeria employs about 70% of the working population and contributes with about 60% to the national income (Oluwasanmi, 1966). Its contribution to Gross Domestic Product (GDP) accounted for about 40% in 2010 (CBN, 2011). During the early days of independence, Nigeria was and still is relatively self-sufficient in food production, and foreign exchange earnings from agricultural exports have been used over the years to support in financing imports needed for economic growth and development (Anderson, 1970). The role of Agricultural production in Nigeria is not only to provide the food needed to feed the rapidly growing Nigerian population, but also to provide the money and materials needed for industrialization and for bringing the country into the industrial and technical age (Oyenuga, 1967). In order to carry out this role, the agricultural system needs to be reorganized and new techniques of production have to be introduced, such as the use of more efficient implements, improved seed varieties and fertilizers. To do this, the country not only needs to co-ordinate its agricultural research projects and provides capital but also to make available trained field staff who can ensure the acceptance of these innovations by peasant farmers (Oluwasanmi, 1966). This is because majority of the peasant farmers live in rural areas where there is a high level of illiteracy and they hardly accept change. Despite the fact that Nigeria is buoyantly endowed with agricultural and other natural resources, the agricultural sector is still growing at a very slow rate. It is only a little over half of the countrys agricultural land is under cultivation (Manyong et al, 2005). Increased use of mechanization will help, but this is not going to be easy given that about 63% of the farms in Eastern Nigeria and 45% of them in Western Nigeria are less than an acre in size and many of them are much smaller (Oyenuga, 1967). The agricultural sector remained weak during the oil boom decade of the 1970s, and this accounted largely for the declining share of its contributions to economic growth and development of the country. The trend of the share of agriculture in national GDP reflects a substantial variation and long-term decline from about 60% in the early 1960s through to about 49% in the 1970s and only about 22% in the 1980s. It is believed that unstable and often-poor economic policies (of pricing, trade and exchange rate), the relative abundance of the sector and the negative impact of oil boom were all important factors responsible for the decline in agricultural sectors contributions to national economic growth and development. Since the oil boom of the 1970s, there has been a severe increase in the incidence and drama of poverty in the country as a result of the unstable performance of the agricultural sector, which employs majority of the poor. As a result of the dwindling performance of agriculture in the country, government have over many years formulated and implemented various policies and projects aimed at putting back the agricultural sector to its vital place in the economy. But with evidence from empirical literatures, no significant success has been achieved due to several problems confronting the performance of the sector (Yusuf, 2005). However, the contribution of agriculture in both gross domestic product (GDP) and non-oil GDP increased in the 1981-2000 periods. The share of total bank credit going into the agricultural sector increased rapidly between the 1981-1985 and 1991-1995 periods and then declined in the 1996-2000 periods. The share of the federal Governments capital expenditure going to the agricultural sector declined immensely over the periods. The share of total employment by the agricultural sector also declined. Generally, there was unstable growth performance of the agricultural sector between the periods 1981 to 2000, with some evidence of inconsistencies of trends, probably due to uncertainties in policies and policy implementation. Some of the problems leading to poor performance of the agricultural sector in the country include technical issues, resource constraints as well as socio-economic problems and organisational constrains. It has been observed that in past policies of the pre-structural adjustment period, sector-specific agricultural policies were made to improve agricultural marketing, to cut down production cost, and to enhance product prices as incentives for increased agricultural production. Important policy instruments are for agricultural commodity marketing and pricing, input supply and distribution, input price, Subsidy, land resource use, agricultural research, agricultural extension and technology transfer, agricultural mechanisation, agricultural cooperatives, agricultural water resource and irrigation development. Macro policies, institutional policies and legal frameworks complemented sector-specific policies. The structural adjustment period was enhanced more by structural adjustment pol icies. Problems to agricultural policy strength include policy instability, policy inconsistencies, weak policy formulation, poor policy implementation, and harsh institutional framework for policy coordination (Idachaba, 2005). With reference from the dual economy model, early writers predicted economic development as a growth process that needs the re-allocation of factors of production from a weak, low-productivity agricultural sector to a modern and commercialized industrial sector with higher productivity and more returns (Lewis, 1954). As a primary sector, agriculture was seen to contribute significantly to economic growth and development by providing labor and food to the industrialization process. However, this idea was taken away by the era of the Green Revolution in Asia during the late 1960s and early 1970s. The possibility of restructuring traditional agriculture into a modern sector shows agricultures capability as a growth sector and its effective role in emphasizing broader d evelopment (Adelman, 2001). Although the advantage of connectivity between agriculture and non-agriculture in achieving the growth and development process had long been recognized (Hirschman, 1958, Johnston Mellor, 1961), post-Green Revolution economists stressed the role of agriculture in rural growth and development (Haggblade, Hammer, Hazell, 1991; Haggblade, Hazell, Brown, 1989; Hazell Haggblade, 1991; Hazell Roell, 1983). The vital advantage of agricultural growth on rural development was found to be effective in countries (e.g. Nigeria and other developing countries) where small farms dominated agriculture (Rosegrant Hazell, 2000). Therefore, given massive rural poverty and small-scale farming in Africa, the conventional wisdom of agriculture emphasizes a strong role for agriculture in African growth and development. With reference to the conventional wisdom of agriculture, it is important that policy objectives to promote the role of agriculture in economic growth and development in Nigeria should be realistic and capable of transforming a backward agriculture, and at the same time would also encourage industrial growth and development. The experience of other developing countries has shown that policies that promote industrial development at the expense of agriculture have resulted in food shortages and economic stagnation. Given Nigerias present stage of development, a large-scale industrialization scheme that will tend to shut out 70% of the population who are engaged in rural pursuits is not the best for the long-term interests of the country (Adeyokunnu, 1971). This is contrary to the idea behind early development strategies advocated by Rosenstein Rodan, Nurkse, and Hirshman among others, who emphasized industrial development as the main source of economic growth and development and were biased against the agricultural sector (Schiff and Valdes, 1998). This work is principally concerned with showing empirically the role of agriculture to economic and development of Nigeria. It draws on the long standing empirical studies on the role of agricultural sector to economic growth and development across the world. Widespread rural poverty in Africa and the success of Asias Green Revolution suggests that agriculture is a key sector for African development. Since almost all rural households depend directly or indirectly on agriculture, and given the sectors large contribution to the overall economy, it might seem obvious that agriculture should be a key sector in economic growth and development. Most African countries have failed to meet the requirements for a successful agricultural revolution, and productivity in African agriculture lags far behind the rest of the world. This has recently led to renewed debate within the international development community concerning the role of agriculture in African economic growth and development. This study will therefore contribute to the debate. 1.2 The Problem Statement Decline on the role of the agricultural sector in terms of its contribution to Nigerias economic growth and development in the last three decades made the government to establish different agricultural schemes and programmes to enhance agricultural productivity in the country, which includes River Basin Development Authorities, National Accelerated Food Production Project, Agricultural Development Project, Operation Feed the Nation, Green Revolution, National Directorate of Food, Roads and Rural Infrastructure, Agricultural Credit Guarantee Scheme Fund, National Special Programme for Food Security, Root and Tuber Expansion Project as well as National Fadama I and II programmes. This shows that aagriculture has been an important sector in the Nigerian economy for many years, and is still a major sector even with the oil boom. Basically it generates employment opportunities for the growing population, reduces poverty and contributes to the growth and development of the economy. Economic history provides sufficient evidence that agricultural revolution is important and a pre-condition for economic growth and development, especially in developing countries like Nigeria (Woolf and Jones, 1969; Oluwasanmi, 1966; Eicher and Witt, 1964). The basis of the problem in the Nigerian economy is as a result of poor concentration of the agricultural sector by the Government towards focusing more on a mono-cultural economy based on oil. Agriculture was the mainstay of the Nigerian economy before the discovery, exploration and exportation of oil and over dependence on its revenue for economic expenditure. Agricultural export was contributing to GDP with about 72% between 1955 and 1969 before it fell down to 35% because of the oil crises of early 1970s (CBN, 2002). Nigeria used to be one of the world leading countries in the exportation and production of some major agricultural products between 1940 and 1950. There is evidence from statistics which shows that the export of agricultural products in Nigeria accounted for over 75% of total exports in 1960 (Ekpo and Egwaikhide, 1994). This has changed in recent times as economic growth and development of Nigeria in recent times solely depend on the earning from oil exports that account for over 95%, but contribute with less than 25% in the real gross domestic product (RDGP). This over dependence on oil has affected the countries market forces as well as its economic growt h and development (Okoh, 2004). Because crude oil is an exhaustible asset, it is not advisable for Nigeria to depend on it for sustainable economic growth and development. Therefore, the need to push into competitive market in advanced countries with our agricultural commodities has to be considered, in order to achieve a prosperous economic growth and development in Nigeria (Thirlwall, 1999). Considering the large size of the Nigerian agricultural sector and its important role in the economy, positive reform and adjustment policies are needed in order to improve the overall performance of the countrys economic growth and development (Kwanashie et al., 1998). Besides the oil sector, agricultural sector contributes significantly to the Nigerian economic growth and development because of its rich resource base. Nonetheless, these endowments have to be used wisely so as to diversify the economy and reduce over dependence on the oil sector and on importation. As a result of unstable oil price and continues increase in the price of import goods, the Nigerian economy is not consistent. All these issues have negative effects on the countrys balance of payment, employment and other sectors productivity as well as the purchasing power of the people (Bukar, et al., 1997). At present, impact of the Nigerian agricultural sector to economic growth and development of the country is not as it was in the past periods (NPC, 2000). Nigerian agriculture is still traditional as it was in the pre-independence period (Adewumi and Omotesho, 2002). Even with the existence of the two major rivers in the country (river Niger and river Benue) the agricultural sector is still predominantly rain fed (NPC, 2004). Productivity in the Agricultural sector has declined seriously over the years and this has led to high incidence of poverty levels (Jeter, 2004). Results from the World bank data indicate that over 70% of Nigerians are living below the poverty line (less than $1 per day), showing that there has been an astronomical growth in the level of poverty in the country most of which is associated to poor agriculture since from independence up till today (Chigbu, 2005). Those engaged in farming are mostly rural people, cultivating small area of land using traditional tool s and getting low productivity (NPC, 2004). The problem therefore is that there is limited understanding of the role of agriculture in economic growth and development of Nigeria in recent times. This study seeks to address this gap by empirically examining the role of agriculture to economic growth and development of Nigeria. 1.3 The Research Questions The questions that this study sought to answer are: What are the trends and growth of agricultural gross domestic product (AGDP) relative to the overall gross domestic product (GDP) of Nigeria? What have been the commitments of successive governments in Nigeria to the agricultural sector in terms of public spending in the sector? What have been the contributions of agriculture to the economic growth and development of Nigeria over the past three decades? 1.4 The Research Objectives The main objective of this study is to examine the role of agriculture to economic growth and development of Nigeria. Specifically, the study seeks to: Describe the trends and growth of agricultural gross domestic product (AGDP) in relation to overall GDP of Nigeria. Examine the trends and growth of spending of successive Nigerian governments on the agricultural sector. Estimate the contributions of agriculture to economic growth and development of Nigeria over the past three decades. 1.5 Justification of the Study Policy makers can make use of the outcome of this study in multi-dimensional form. This can be done in terms of interwoven nature of rural employment with agriculture, food security and agricultural productivity. This is because the findings will provide the basis that economic growth and development in Nigeria should be led by agriculture and that the success of plans and policies implemented in the other sectors are depended on agricultural developments for their successful implementation. The outcome of the study will also help policy makers to critically examine the various key possibilities of promoting economic growth and development in Nigeria with regards to the role of agriculture in economic growth and development. Some of these which are of relevant to policy may include issues of: How different alternative economic growth and development states can be achieved using agricultural sectors contribution with the view to decide which one is the best. How societal welfare can be improved from a lower stage to a better stage using agricultural sectors contribution to the economy. How to identify all areas in which the agricultural sector fails and to consider corrective measures. How to evaluate different policy options that have been used to improve agricultural sector as well as determine their implications and consequences on the economic growth and development of Nigeria. How to provide a framework in which different agricultural growth policies can be compared using value judgement and common sense. How to make a critique of different postulates about how agricultural development policies can be improved so that it can provide a menu for better policy measures. 1.6 Scope and Organisation of the Study The scope of this study is to look at the role of agriculture to economic growth and development of Nigeria spanning the last three decades (i.e. 30 years). The study is organised into five main chapters. Chapter one is the introduction which consists of the background to the study, the problem statement, the research questions, the research objectives, the justification of the research and the scope and organisation of the study. Chapter two is the literature review which consists of literature on Agricultural Production in Africa and Nigeria, Agricultural Production and Economic Growth and Development, Commitments of governments to Nigerian agriculture, Agriculture as a Source of Employment for Poverty Reduction, Finally, summary of the literature review and conclusions. Chapter three is the methodology employed in order to achieve the research objectives which consists of profile of Nigeria, the theoretical and model specifications, data types and sources of data. Chapter four is presentation of the results and discussions. Chapter five is the summary of the findings, conclusion and recommendations. After this are the references and appendix. CHAPTER TWO LITERATURE REVIEW 2.1 Introduction This chapter presents an overview of the relevant empirical literature in the subject matter. The chapter is divided into five main subsections. The first subsection is presentation of Agricultural Production in Africa and Nigeria. The second subsection is presentation of Agricultural Production and Economic Growth and Development. Commitments of governments to Nigerian agriculture are presented in the third subsection. The fourth subsection brings to light literature on Agriculture as a Source of Employment for Poverty Reduction. Finally, summary of the literature review and conclusions drawn are presented in subsection five. 2.2 Agricultural Production in Africa and Nigeria There is a growing argument over whether agriculture is still playing important role in economic growth and development in sub-Saharan Africa. Agricultures theorists explain that, in most of the African countries, only the agricultural sector has sufficient scale and growth-linkages to significantly influence aggregate growth and development. Achieving such growth and development will have to do with a large sector like agriculture, which accounts for one-third of gross domestic product (GDP) for the subcontinent as a whole, and an even larger share for two-thirds of African countries. Economists also explain that agricultures poor performance leads to inadequate investment and policies that are historically biased against the agricultural sector (Fan, Zhang, Rao, 2004; Schiff Valdez, 1992; Timmer, 2005). They show the large benefits from investing in rural infrastructure and agricultural technology, and the growth and development potential from catching up to the productivity leve ls of other developing countries. During the period from 1990 to 2004, African industry, including mining and mineral-based manufacturing, grew at 1.9% per year compared to 2.5% for agriculture (World Bank, 2006). This is an indication of the importance of agriculture to economic growth and development across Africa. By contrast, there are others who doubt whether or not agriculture can successfully generate sufficient growth and development in Africa today. This doubt shows the poor performance of agriculture, weak institutions for rural growth and development, and worsening agro-ecological conditions in most of the African countries (Collier, 2002; Ellis, 2005; Maxwell Slater, 2003). The large size of the agricultural sector may be the reason for Africas failure to grow and develop, especially since past experience forecasts a significant decline in the importance of agriculture over time in successfully developing countries (Collier, 2002). For those who argue that agriculture should not be put at the center of African growth and development, although the sectors sufficient growth and development linkages proved very strong during Asias Green Revolution, it may not be so much in Africa because of a more integrated global environment (Hart, 1998). Border prices determine food prices more than domestic supply when imports can enter freely, which reduces the need to invest in domestic agriculture to maintain urban food prices and real wages and hence industrial competitiveness. Under these conditions, it is difficult for agriculture to play important role of economy-wide growth and development as well as facilitating the economic transformation shown by theory or witnessed in the past successes of other developing countries. Agricultures skeptics therefore tend to be more concerned of African industry, emphasizing that mining and manufacturing may bring viable alternative sources of growth and development. Despite contrasting opinions on the relative importance of agriculture in generating overall growth and development, there should presumably be less contention surrounding the role of agriculture in poverty reduction, which is one of the key issues for achieving economic growth and development. This is especially so given the importance of agricultural incomes for Africas poorest populations. However, even among agricultures advocates, there are conflicting views over what should be the focus of an agricultural growth and development strategy for low-income Africa (Dorward, et al., 2004). Some suggest that the best opportunities for African farmers lie in high-value commodities and, given poor domestic demand in Africa, that production should focus on export markets. Small-scale farms are seen as irrelevant due to international competition and the growing difficulties of supply-chains for both domestic and foreign markets (Reardon, Timmer, Barrett, Berdegue`, 2003). It is argued tha t rural dwellers should plan on diversifying incomes away from agriculture (Ashley Maxwell, 2001) and focus on going to urban areas (Ellis Harris, 2004). On the other hand, others argue that rural income diversification has been a reality in Africa for many years (Barrett Reardon, 2000; Reardon et al., 2003) and has yet to achieve significant income growth. Furthermore, income diversification is not a significant positive phenomenon, especially if diversification is due to stagnant agricultural growth and development (Haggblade, Hazell, Reardon, 2002) or if migration is as a result of growth in low-productivity urban activities (Lipton, 2004). The biggest market benefits for majority of African farmers comes from domestic and regional markets for staples/food crops (Diao Hazell, 2004; Rosegrant, Paisner, Meijer, Witcover, 2001). 2.3 Agricultural Production and Economic Growth and Development Provision of sufficient food for the growing population puts agriculture at the center of current growth and development issue in developing countries. This is because the level of population growth in most developing countries is far more than the level of agricultural production and growth. Malthusian theory of population growth is becoming true in these countries; hence, the need to grow and develop agriculture to meet the food requirement of the people is very important. Looking at the Malthusian theory, if food supply fail to meet demand then food prices will rise. This will also have effect on workers wages and subsequently affect industrial profits, investment and overall economic growth and development in the society (Uniamikogbo, 2007). On the supply of raw materials to the industrial sector, agriculture have been seen as the major requirement for industrial growth and development because of the sectors role in providing the necessary raw materials for industries (Child, 2008; Uniamikogbo, 2007 and Abayomi, 2006). As a result of this, the need for increasing agricultural productivity has to be considered. There is the need therefore to put more emphasis on increasing domestic output rather than focusing more on the expansion of export to finance growing food export. This means that, agriculture is the most influential sector in developing countries. It should then make a significant contribution to the overall investment requirements needed by the industrial sector such as lowering the amount of raw materials supplied from abroad by increasing the output produced locally. Agriculture has been the main stay of the Nigerian economy providing employment and source of livelihood for the teeming population. It contributes with over half of the GDP of the Nigerian economy during much of post-independence in the country. Nonetheless, the role it plays in the economic growth and development of the country has gone down over the years due to the overwhelming and dominant role of the crude oil sector in the economy, on which the country extensively depends. With the high food demand in Nigeria, the country has to make use of its abundant natural resources and to take advantage of its current democracy to increase the volume of crop production towards satisfying the food and nutritional requirement of the rapidly growing population and to ensure food security in the country (Enoma, 2010) . Therefore, agriculture can be characterized as the source of national wealth and economic growth and development in Nigeria. Agricultural Development economists have researched significantly on how agriculture can best contribute to overall economic growth and development. Looking at Lewis theory of development, Todaro and Smith (2003) indicated that the underdeveloped economy consists of two sectors, which are the ancient and traditional agricultural sector characterized by zero marginal labor productivity and the modern industrial sector. In his historical approach to the process of economic growth and development, Rostow (1960) distinguishes five stages of economic growth and development, which are: Traditional society; Pre-conditions for takeoff; Take-off; Drive to maturity; and Age of high mass-consumption. According to Rostow, the take-off stage is the most important figure in the life of a society when growth becomes its normal condition. The significance and importance of the traditional society make a decisive breakthrough and a multiple interest gets built into the society structure with agricult ure playing significant role at this stage. From this theory, it is evident that agriculture plays a significant role in the first three stages of economic growth and development (Traditional society, pre-conditions for takeoff and takeoff stages). The agricultural sector greatly influences industrial and economic backbone from which a countrys economic growth and development can take off. Therefore, beyond reasonable doubt, agricultural activities are usually concentrated and more practiced in the less-developed countries where there is an urgent need for rural transformation, redistribution, poverty alleviation and socio-economic growth and development (Stewart, 2000). Indeed, agriculture has a significant role in an economy, without it a country will surely depend on importation from other countries to feed its population. The essential contribution of agriculture to economic growth and development has been an on-going subject of debate among development economist, several theorist argue that growth of the whole economy relies on the development of agricultural sector (Schuttz, 1964, Gollin, Parente and Rogerson 2002). The growth and development of the agricultural sector could result to national output increase through its effect on rural incomes and provision of resources for transformation into an industrialized economy (Eicher and Staatz, 1984; Dowrick and Gemmmell, 1991; Datt and Ravallion, 1998; Thirtle, Lin and Piesse 2003). Johnston and Mellor (1961) reported that agriculture improves and contributes to overall economic growth and development through various inter-sectoral linkages. Which include, provision of surplus labor to the industri al sector; supply of food for domestic consumption; creation of market for industrial output; provision of domestic savings and industrial investment and generation of foreign exchange from agriculture export earnings to finance import of intermediate and capital goods respectively. However, In addition to the above-mentioned direct market-based linkages, Timmer (1995) found out that agriculture indirectly contributes to economic growth and development through its caloric nutrient intake provision to the poor, food availability; stable food prices and poverty reduction. Going by all the debated arguments, it is clear that agricultural growth and development has played a historically important role in the process of economic growth and development. However, acts from developed countries as well as developing countries indicate that agricultural sector has been the engine that contributes to the overall growth and development of a countrys economy. Agriculture therefore plays an important role in achieving economic growth and development. 2.4 Commitments of Governments to the Agricultural Se

Essay --

Marketing Orientation focuses on identifying and meeting the hidden needs of the consumer (Unknown, 2013). The textbook states that there are five marketing orientations; social marketing, production, strategic marketing, customer and sales (Daniels, Radebaugh, & Sullivan, p. 595). Avon addresses the customer, production, strategic marketing and social marketing by granting each country the independence of selecting products based on the demand of the consumer as well as to develop those products. Distribution of the products is also considered as it pertains to each individual country. For example, door to door sales are not allowed in China so Avon launched beauty boutiques, beauty country and independent stores throughout the country to accommodate the law of the land. Avon’s sales has increased dramatically as the company expands its’ footprint globally. There are a few reasons why Avon is so dependent on its foreign operations in comparison to the home operations. For one, Avon recognizes that competition at home in the beauty industry has increased immensely. The business has done so well and grown so much that there is hardly any remaining untouched market space in the United States for the products. To expand would mean that the company would have to take sales from competitors. A feat in my opinion the company cannot easily take on. A customer can purchase whatever brand of beauty product of their choice from any store that sells that product so unless that customer is not in a position to do this they may be less likely to purchase from Avon. Additionally with security concerns being the way they are in today’s society no one takes pleasure from anyone knocking on their door trying to persuade them to buy a p... ... Additionally the nearness of the customer and supplier are of absolute importance to ensure costs are kept to a minimum. The current dynamic and competitive environment of businesses today is not without challenge. Avon is faced with having to compete with quick market changes and must enhance their ability to innovate as well as remain attentive to the various trade rules and differences in each country. The cost to examine and expand a product line in the global market could be very high. Having to increase quality throughout the entire product line may be tough. Delivering the right products at the right cost, at the right moment and in the right quality are key factors to Avon global success. Avon must maintain an effective supply chain management system in order to save the company money as well as help to provide great value of products to the customers.

Globalization of the U.S. Subprime Mortgage Crisis Essay

The U. S sub prime Mortgage Crisis upset the world financial markets. The economy of the United States of America could combat the mortgage foreclosures for its efficiency. The global investors were wary of the fact that the sub prime mortgage crisis is a symptom of some unknown problems that the US economy is suffering from. In 1994, an almost insignificant less than 5% of all the mortgages in the U. S were sub prime. However by 2005, the figure had risen drastically to 20%. Sudden changes in the banking system were responsible for this increase. Earlier, mainly commercial banks were used to serving the American societies and they mainly offered fixed charge mortgages. In Detroit and in Boston this figure was 24. 6% and 15% respectively, whereas in California this figure was 14%. After a long period of stable interest rates with only a small downward trend, the rates started increasing. This decreased the demand for homes and hence causing a decrease in home prices. There was competition between the mortgage finance companies and mortgage brokers and the traditional banks in offering some new products. This growing competition produced a number of mortgage products and choices like sub prime loan of different varieties for the American consumers. Homeowners could not combat the increases in payments or even sell their homes because of market price depreciation. Almost 77% of the homes were overvalued in big cities like California (Enoch & Charles, 2007). Causes of the current U. S sub prime mortgage crisis. There seems to a common consensus that periods of rapid credit growth are accompanied by loosening lending standards. The former Federal Reserve Chairman Alan Greenspan pointed in his speech to the Independent Community Bankers of America in 2001 that there was an unfortunate tendency among bankers to lend aggressively at the peak of a cycle and noted that this aggressive kind of lending could result to bad loans. This therefore means that the credit boom in America had a hand in causing the current sub prime crisis. Indeed more of the major banking crisis in the last a quarter a century occurred at times that there was an extremely fast credit growth. However not all credit booms are immediately followed by a banking crisis. For instance in a study by Barajas et al (2007), of the 135 credit booms that were identified, only 23 of them preceded a systematic banking crisis with this proportion increasing to 31 if the non-systemic episodes of financial distress are included. However almost half of the banking crisis were preceded by a credit boom. Larger and longer-lasting credit booms and those that have coincided with higher inflation and lower growth are more likely to end up in a crisis. Booms associated with fast rising assets and real estate prices are also more likely to lead to a crisis. The increase in home prices in early 2000 was completely unrealistic and made the homeowners believe that home prices will continue increase and make future refinancing and subsequent mortgages quite profitable. The loose standards made them believe that in buying expensive homes than they could have afforded with the traditional fixed rates loans and more expensive than they can afford now with their adjustable mortgage loans resetting. Most of the players in the mortgage market contributed to the crisis. Homeowners, brokers, lenders, rating agencies regulators, investors and central banks all played a role in the crisis. The homeowners ran into flexible loans with no understanding of them and even some lied on stated income loan applications (Giang, & Anthony, 2007, p. 39). The lenders hurriedly offered riskier loans to borrowers as loan products with adjustable rates transfer great part of a risk from the lender to the borrower. This risk transfer is the reason was the main contributing factor as to why the offered higher commission to brokers if they sold adjustable loan. Brokers were also controlled by greed and started offering adjustable mortgages to borrowers who would qualify for prime loans. However, lenders never expected such huge foreclosures and extreme flooring of house prices. Central banks and other huge investors have experienced significant losses as a result of mortgage asset devaluation. The risk of investing in securities backed by mortgage never came to realization as should have been. The investor mainly relied on investment grade ratings applied to mortgage backed securities by rating agencies. Historical data backed models are mainly used by rating agencies to provide investment rating. Mortgage backed securities have excellent historical date whereas adjustable mortgage loans and their innovative variations being new products on the mortgage market have no historical data. The regulators missed to prevent the crisis through legislation that would regulate higher lending standards. They can play a great role in prevention of an economic crisis (Eric, 2008). Global Spread of the U. S sub prime mortgage The recent volatility in the global financial markets due to the US sub prime mortgage has not spared banks throughout the world. In Saudi Arabia, banks have been able to absorb only minimal exposure to distressed loans. For instance, Saudi Basic Industries Corporations have faced some constraints. Superficially, the happenings of the global market seems little unaffecting to Saudi Arabia. However since the peaking of the US stock markets, the Tadawul All-share Index has been maintaining an upwards trend. For instance, strong demand meant that investors accepted a lower yield than previously indicated for a SABIC bond in the month of July 2007. In this case, the bulk of demand came from Middle East and mainly from Saudi Arabia. Other bonds issued by the Gulf Cooperation council suffered and a greater caution could likely have had an impact on investor perceptions of Saudi Arabia risk. Higher credit spread had increased the cost of borrowing even after taking into consideration any reduction in the Federal funds rate. Even though the costs of borrowing were not high to deter borrowing, the prospect of issuing debt had deteriorated forcing the companies to revise their plans. This placed an opportunity to large Saudi investors who are not reliant on new or foreign borrowing and therefore were better positioned to acquire foreign assets, generally at lower prices than prior to recent market moves. Saudi Arabia has been developing its mortgage market though the mortgage law is still to be approved, the housing finance industry is beginning to take off and there are loans available for homeowners to secure. However with the legal and regulatory infrastructure not in place, the crisis in the US has slowed the growth. The crisis in the US also hit demand and thus prices for other commodities produced by Saudi Arabia such as plastics. Lastly, due to the exchange rate peg, the interest rates were cuts further and this further the riyal weakened along with the dollar (Gerry & Paul, 2007). European country such as the United Kingdom and Spain faces an even larger housing problem as lenders are becoming more cautious. This implies that consumer spending in Europe is also experiencing the crunch of the US sub prime crisis. The current slowdown impacts on all parts of the chemical industry as housing is a key source of chemical demand. Sectors that directly supply the housing and automotive sector in the West are hardest hit. In the United Kingdom, though there are different circumstances, the effect of the US sub prime mortgage crisis are being experienced. First, there are fewer mortgages given to people of less credit worthiness compared to the other mortgages in the market in the UK whereas in the US this proportion is significantly large. In addition, about half of the borrowers in this proportion of sub prime mortgage in the UK do not have a history of significant payment problems. Secondly, the interest rates in the UK have been relatively stable compared to the US where there had been rapid rises in interest rates. Thirdly, in the UK, the house prices have been booming compared to the Us where the house prices have been decreasing leaving borrowers mired in negative equity and unable to sell their homes in order to service their loans. Finally, the lending criteria in the UK are much stricter than in the US that have been loose. However, despite all these the effect of the US sub prime mortgage crisis is being felt in the UK with the Bank of England taking a warning of then dangers of bailing out institutions that had taken reckless lending decision for profits. It also leads to the Bank of England cutting interest rates at the start of 2008. The US sub prime mortgage crisis has an impact on the Germany economy where the hardest hits are the German banks. The Industrial bank in Germany managed a fund that had invested in credit portfolios, which included US sub prime real estate loans. Commerce bank, which is the second largest bank in Germany, reported that the US subprime mortgage market had cost it 80 million euros in the second and last quarter of the financial year 2007. In the financial years 2007/2008, IKB expects that the crisis will influence negatively on its projected earning of 280 euros (Christopher, 2008). References Christopher B. L. (2008). The Next Slum, The Atlantic Monthly.New York: Oxford university press. Enoch and Charles. (2007). Rapid Growth in Credit: Endless Boom or EarlyWarning? New York: International Monetary Fund and Palgrave. Eric Janszen. (2008). The next bubble: The markets for tomorrow’s big crash. London: Harper’s press. Gerry, G. & Paul, F. (2007). A House of Cards: from fantasy finance to global crash. London: Lupus Books. Giang, H. and Anthony. (2007). â€Å"The Varying Effects of Predatory Lending Criteria on Mortgage Applications†, Reserve Bank of St. Louis Review 89(1), pp. 39-59.

The Chinese and Cuban Revolutions essays

The Chinese and Cuban Revolutions essays Do you know what a revolution is? Well according to Webster it is an effort to overthrow a government and set up a new one usually by violent means. Revolutions are never cased by just one thing. There is usually plenty of background agitation set off by an event. A revolution cant simply replace one government for another though. No government is willing to allow its self to be replaced by another just like that. They are going to fight back. Along with a new government comes suffering and hardships making the transfer. Revolutions often seek to reform political, economic, and social conditions, yet they may often lead to the reverse. The Cuban Revolution of 1959 was officially started on July 26,1953 when a group of revolutionaries led by Fidel Castro Ruz attacked Cuban army barracks at Moncada. This was not the sole purpose of the revolution though. There was plenty background agitation leading up to this event, most of which was caused by one man leading the country, Fulgencio Batista. He controlled Cuba on and off from both the background and foreground, as legal leader. Batista actually wanted to reform the Cuban economy which led to his seizure of power in the 1950s. While under the control of Batista Cuba suffered in many areas. Unemployment was one of these areas. Unemployment led to all sorts of hardship. 43% of the rural population was illiterate. 60% lived in huts with earth floors and thatched roofs. 2/3 lived without running water and only 1 out of 14 families had electricity. Daily nutrition was terrible. Only 4% of rural families ate meat regularly. Most subsisted on rice, beans and root crops. Bad diet and housing caused bad health. 13% of the population had a history of typhoid, 14% tuberculosis and over 1/3 intestinal Another area in Which Cuba suffered while under Batistas control was the backwardness in the countryside. The main c...

Ethical Dilemma Solutions Essays

Ethical Dilemma Solutions Essays Ethical Dilemma Solutions Paper Ethical Dilemma Solutions Paper Essay Topic: Emma They were exciting. If correct, the innovation would be highly lucrative. The profits Of their mobile phone subsidiary would literally explode. John sighed with relief. Southern X had been struggling for the last two years and its share price had plummeted by 40 percent. If the business didnt turn around soon, a major restructuring would be necessary. Keith Barnes, financial controller, switched often Power presentation. Very impressive, Keith said John. Well, what do the rest of you think? Vista Meta, Tells divisional manager, smile. l think its terrific. You know have been arguing for this for months. This is exactly what we need it is a license to print Neff l agree, chipped in Robin Antoinette, manufacturing manager. John looked at the group effusion managers. All right, I think, I take it the consensus is that we do it Joe Cantina, HRS director, leant forward to speak. Financially, the profit is terrific. Its the moral issue that worries me. What do you mean? Ked Vista. Come on Vista, providing soft porn for our mobile phone subscribers to download isnt something that I think our company should do Joe, youve seen Kiths projections. If they are even half correct, the move into soft porn could save our company from financial collapse. l know, but think its morally wrong, Its not the sort of business believe Southern X should be associated with. l hope you feel just as moral, Joe, when you have to hand out the termination notices, interjected Keith, What we are proposing is perfectly legal. Its just that you havent caught up with current community standards! snapped Vista. Look, am afraid Vista is correct. Kiths figures are all too clear, We do this or we reduce headcount, said John. What is it to be Joe porn, or people losing their jobs? Demanded Keith.

Political science Assignment Example | Topics and Well Written Essays - 500 words - 4

Political science - Assignment Example liberal values, which will necessitate expansion, and spread of democracy across several countries in the world, will benefit the USA in achieving its goals that advocate for increased democratic space. With increased democratic space, the United States is able to spread its economic and international policies and this minimises the extent of threats that might befall the USA (In Commager, 2003). For the case of realism, the theory perceives that a struggle for world power or supremacy between an existing and an ascending contender may create disharmony, hence the Unites States handles such cases cautiously for the well being of the US and its people (In Commager, 2003). However, on the other hand, the theory of isolationism affects the US inhabitants directly, because US as the 21st super power has failed to embrace internal accommodation of each other. This has created immense and disastrous effects for them and the general human race. The logic of realism has seen the US follow up its interests by use of the military in pursuing its interests. For example the spirited wars against Iran, Iraq and other nations, help in one side but the larger potion forms the American war for self interest. On the other hand, the logic of isolationism has helped the US to keep a distance from nations of intense interests (In Commager, 2003). This makes the US to gains from such nations in a peaceful

Dante and The Inferno Essay Example | Topics and Well Written Essays - 500 words

Dante and The Inferno - Essay Example hat have the most masterful and creative way in attributing symbolic retribution for the sins are found in the second which is the sin of lust, seventh is the sin of violence and the ninth and last circle which is the sin of treachery. Dante and his friend Virgil found in the second circle people who were __ with lust when they were still alive. To their surprise, they found famous people in history who is wallowing in the second circle of hell. The famous people from history whom they found in the second layer of hell were the adulterers during their lifetime such as Helen of Troy and Cleopatra. They suffered together with the other people in the circle with a strong wind that refuses to abate giving them eternal trouble and without rest. This strong wind is symbolic of the restless sin of lust that made them commit sin during their lifetime and now haunts them as a retribution in afterlife When Dante reached the seventh circle, he found that this pit was filled with people who were violent when they were style alive. Again, he found mythological figures in history in the seventh circle of hell. There he found Dionysius I of Syracuse, Centaurus and others. This circle of hell however differed from the earlier circles because this hell has three sections – outer ring for the killers, middle ring for the suicidal and the inner right for the blasphemers. The retribution to those who are in the outer right is being dipped for all eternity in the river of boiling blood and fire. The retribution for the suicidal are being turned into food to harpies. Those who are in the inner rings are subjected to burning rain while being in a desert. As expected, Dante’s vortex of hell has the most colorful retribution. There he found Judas who betrayed Jesus with a kiss and other biblical figures such as Cain who murdered his son Abel. Again this is divided into Caina, Antenora, Tolomea and Giudecca where the retributions were being immersed in ice as they look