Decision Making using Critical Thinking Assignment

Decision Making using Critical Thinking - Assignment Example The inhabitants of the country are an ethnic mix of indigenous South Pacific tribes, Asians particularly Chinese, African, French, Spanish and Americans. In designing the strategies for the company, it must take into consideration the different culture, beliefs and values of the residents of Kava. While most of these people are known coffee drinkers, the tastes and preferences might vary. Another challenge which the company faces is the threat of disasters which often confront the people of Kava. This phenomenon greatly impacts on the economy of Kava, which in turn affects the buying behavior and purchasing power of the people of Kava. Buying specialized coffee might not be one of their priorities if they hardly have food to eat on their table. However, there also presents an opportunity for the company for the untapped â€Å"foreign† or expat market whose income are barely affected by the disasters that are experienced by the people of Kava. Finding the right mix of people to be employed by the company is another issue that besets the company. Being an employee for the company means forging a partnership with the organization. It is therefore imperative that the people to be hired by the organization must share the same mission and vision as what the company holds. They should be willing to learn and grow with the company. Building a profitable organization in Kava means having to work harmoniously with the government. The company must be ready to help support the different communities in Kava. The organization must be ready to create partnerships with other organizations to improve the lives of the people of Kava. There several forces involved in the formulation of the problem. Specifically, the problem on hand is about establishing a greater presence in Kava. One of the forces involved in the formulation of the problem is the leadership of Chris. One is

A) what are the main attractions of an import substitution strategy Essay

A) what are the main attractions of an import substitution strategy B)how do you explain that several developing countries have not suceeded to deepen the proc - Essay Example Proponents favour the export of industrial goods over primary products. The strategy may be adopted as a matter of economic policy and to attain industrialisation. In such context, Wikipedia (2006) said: â€Å"Import substitution industrialization (also called ISI) is a trade and economic policy based on the premise that a developing country should attempt to substitute products which it imports, mostly finished goods, with locally produced substitutes. The theory is similar to that of mercantilism in that it promotes high exports and minimal imports to increase national wealth.† It further said, the policy has three major tenets: (1) an active industrial policy to subsidize and orchestrate production of strategic substitutes, (2) protective barriers to trade (namely, tariffs), and (3) a monetary policy that keeps the domestic currency overvalued. Hence import substitution policies are not favoured by advocates of absolute free trade. The failure of several developing countries of not having succeeded to deepen the process of import substitution into its second and third phase could be attributed to the defect of the strategy as determined by results. The experiences of several developing countries are thus cited below to explain the failure. We will start with the Latin American countries, followed by East Asia and then we will discuss the cases of Malaysia and the Philippines. Wikipedia (2006) said: â€Å"Import substitution policies were adopted by most nations in Latin America in the 1930s and 1940s because of the Great Depression of the 1930s. In the 1950s the Argentine economist and UNECLA head Raà ºl Prebisch was a visible proponent of the idea. Prebisch believed that developing countries needed to create forward linkages domestically, and could only succeed by creating the industries that used the primary products