Capitalism Vs Crony Capitalism - 1808 Words

CRONY CAPITALISM – GENERAL ELECTRIC The majority of people doesn ’ t know the distinction of the capitalism and crony capitalism , and so the problem starts here . People who don ’ t know the distinction of these phenomenon are against to capitalism . Let’s first , start with defining the ‘‘ Crony Capitalism ’’ . ‘‘ Crony capitalism ’’ refers to capitalist society thats hinged on the close relationships between businessmen and the government . An economy that is nominally free - market , but allows for preferential regulation and other favorable government intervention based on personal relations . Instead of success being determined by a†¦show more content†¦Ã¢â‚¬â„¢Ã¢â‚¬â„¢ GENERAL ELECTRIC 2001 – 2017 In October 2017 , Jeffrey Immelt announced his retirement from General Electric after being a CEO and the chairman of the massive company that he has led since September 2001 . After Immelt ’s retirement various speculations have risen about General Electric’s activities during Bush and Obama Terms . I am investigating whether these speculations are true or they will just stay as speculations . Immelt was a major supporter of Obamanomics . He upheld the Obama organization s endeavor at monetary jolt , the section of Obamacare , and natural controls . He has for quite some time been one of corporate America s most vocal supporters of arrangements went for checking environmental change , especially through tops on carbon discharges . In 2011 , President Barack Obama doled out him to head another board on work creation . Amid the Bush and Obama organizations , GE turned into the organization known as the encapsulation of Crony Capitalism . â€Å" Immelt is a classic example of a rent-seeking CEO who may know what is good for his own company but not what produces economic growth and private sector job creation , † Fred Barnes wrote in 2011 . Past the grasp of globalization , environmentalism , and enormous government , Immelt changed GEShow MoreRelatedThe Solution For Climate Change Problem : Green Economy1870 Words   |  8 Pagesyear. Environmentalists have blamed capitalism is the original reason causes the global warming due to the amount of carbon dioxide released by extracting and using oil to meet the energy demand of the economy. One of the noticeable environmentalist, Naomi Klein, has announced that our economic system and our planetary system now are at war and only one of them can be change, that is our economic system (21). Her solution for climate change is to shut down capitalism, which she believes conflicts withRead MoreWhy The MOIS Case Study1301 Words   |  6 Pagesmanaging the war, Rouhani had worked with the IRGC commanders who at the time were very close to Rafsanjani. To find the real reason why Rouhani relies so much on the MOIS we should look at reasons other than his work experience. 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American Foreign Policy After The Vietnam War - 2605 Words

The Vietnam War was a conflict that pitted the communist government of North Vietnam and its allies in South Vietnam, the Viet Congs, against the western allied government of South Vietnam. The Vietnam War was also part of a larger regional conflict and a manifestation of the Cold War between democracy and communism. The conflicts of the 21st century will be one of the defining moments of the youth of the United States today when it is looked back on it several decades later; in much the same way the Vietnam War defined a generation of youth in the 1960s and the 1970s. Some questions that had arisen from the Vietnam War were how did the communist Vietnamese win against the Super Power of the United States? What were the social movements in†¦show more content†¦The communist party did lead a mass mobilization of peasants which escalated into a revolution. Life was better under the communist party but at the same that the Vietnam economy was becoming liberalized, it was the co mmunist party that mainly benefited from it and not the people. Neale argues that the three main factors that led to the defeat of the United States in Vietnam by the communist forces were because of (1) the peasants’ revolt, led by the Communists and guerillas, in which countless numbers of Vietnamese fought and lost their lives to bring a new and better future to their country; (2) the anti-war movement in the United States; and (3) the GI revolt. There have been many uprisings by the Vietnamese peasants throughout its history of being under repressive and exploitive regimes. Vietnam was traditionally an agricultural society that was self-sufficient and relied mostly on harvesting rice, the most important and abundant crop in Vietnam. Neale states that under the regimes of the French and the Japanese, the Vietnamese economy was exploited for its manpower and its rice. Vietnam experienced a forced-industrialization under the French rule to transform the traditional agrarian society into that of a capitalist society. The forced-industrialization drained the rural society of its

Project Management of One-Day Sport Tournament Case Study Report

Question: Discuss about the Report for Project Management of One-Day Sports Tournament. Answer: Introduction of the project A one-day sports tournament will be arranged for P L Pvt. Ltd. Being the project manager in-charge of this arrangement, the most important duty is to make proper planning and organisation so that the one-day sports tournament can be arranged successfully. As the company does not have any common room or any arrangement of indoor games, therefore it is decided that outdoor games will be played (Reid Ritchie, 2011). Now keeping the mind on the work pressure and health of the employees of the company Cricket is chosen as the outdoor sport. The tournament will be played in the nearby ground which is known as the field of sports. It will take place 20th August 2016. Four teams can take part in this tournament. It will be a 10-10 over match. Each team will contain eleven players. A lottery system will be made for selecting the teams for grouping. There will be two groups group A and group B. Each group will contain 2 teams. First, in the group stage, the teams of the same group will play against each other. The winners from the two groups will play the final match. The tournament will start 7 o clock in the morning. At 7 o clock, the Managing director and CEO of the company will provide a short speech. The first match will start on 8 A.M. after fifteen minutes of the completion of the first group match; the second group match will start. The arrangement of meals and beverages will be provided (Mikkelsen, 2010). The final match will take place 2 P.M. The prize distribution will be done from 6 P.M. the prizes will be distributed to the winning team by the CEO of the company. The four teams will be provided different dresses in order distinguish them. The balls, bat, wickets, and all the protective equipment and materials will be provided by the company. The match referee and the umpires will be selected from outside and only experts will be considered. Project scope statement The project scope statement contains the following checklists: Objective of the project The main and primary objective of this project is to organise a successful one-day sports tournament for P L Pvt. Ltd. Deliverables The deliverables of this project are given below: To arrange a quality podium on the ground so that the CEO and MD can provide their speeches To provide quality cricket kits To organise good and proper foods and beverages To provide few quality shades with sitting arrangements for the players Milestones There are several milestones of this project and these are given below: To get permit from the ground authority within 15th August 2016 To prepare the podium and shades within 19th August 2016 To arrange the cricket kits within 19th August 2016 To prepare or inspect the pitch on 19th August 2016 and again in the early morning on 20th August 2016 To arrange the adequate foods and beverages within the morning of 20th August 2016 Technical requirements The technical requirements of this project are given below: To arrange lights and emergency lights on the ground and especially on the podium To provide mike systems on the podium For observing and monitoring the lights, fans, and other electronics and electrical devices few technicians will be kept. Limits and exclusions of the project There are several limitations of this project. The permit for playing in the ground can be obtained till 7 P.M. of the day of the tournament. Therefore, the matches and the prize giving ceremony must be completed by 6.30 P.M. of that day so that the ground can be evacuated with 7 o clock in the evening of that day (Lawton, 2011). The crickets will be taken as rent from a retailer and those must also be returned within 8 P.M. of the same day. The technicians will start to pack their items including lights, fans and other electrical and electronic items from 7 o clock in the evening of the day of the tournament (Patel, 2008). Therefore at any cost, the tournament must be started on time so that it can be finished within the specified time duration. Review of the management of the company The project plans and the schedule must be checked from the management of P L Pvt. Ltd and the feedback and review of the management must be obtained (Kerzner, 2001). According to the managements feedback, if any planning needs to be changed then it has to be now. Establishing project priorities The project priorities can be understood with the help of the following matrix and it is known as the project priority matrix (Maylor, 2010): Time Scope or performance Cost Constrain o Enhance o Accept o Here, in this project, time is fixed. The arrangement must be done within 20th August 2016 and the duration of the tournament is also fixed because the ground has to be evacuated after certain duration (Lawton, 2011). The scope or performance of the project can be enhanced. All the arrangements can be made of high quality. In order to enhance the performance and also to conduct the tournament within such specified time limit, the management must accept the costs that are required for accomplishing such things. Work breakdown structures This one-day cricket tournament contains lots of activities. In order to make them easy and properly done they are broken down into several simpler works or activities (Deeprose, 2012). First of planning is done. In this stage, a time schedule is prepared. Then a budget is prepared according to the expected costs of the cricket kits, rent of the ground, costs for preparing shades and podium, wages of the technicians, rent of the electrical and electronic items, and the costs of the foods and beverages. The rents of the jersey are also included in this budget. It also includes the fees of the match referee and the two umpires. After this, a team is to be prepared for observing and reporting all the activities. Now a final confirmation notice is given to all the employees of the office and they are asked to participate in this tournament (Hyvri, 2016). They are also asked to make a team and enlist the name of the team. Names will only be taken as a team but not as individuals. The numb ers of total persons including and excluding the players are calculated. Now the application for the approval of organising the tournament on 20th august is to be done and sent to the in- charge of the club ground. The technicians and the persons for preparing shades and podium are to be informed. Then the jersey and the food and beverages are to be ordered. The cricket kit is also to be rented. The match referee and two umpires are selected (Hyvri, 2016). The prizes are to be bought. While doing these activities proper coordination must be met and this is to be monitored and reported by the assigned team members to the project manager. Figure: Work Breakdown Structure Source: (Harris, 2014) Cost estimation Cost estimation is needed in any project management and in this case it also required (Heerkens, 2012). The cost estimation of the project has been presented herein below: Rent of cricket kit = 200 SGD Rent of the ground = 800 SGD Technicians wage = 10 SGD/hour per person There will be two technicians and therefore total technicians wage = 2 x 10 x 15 = 300 SGD Total time is taken 15 hours. It includes the duration of the tournament and the time for setting the instruments before the match (Pernecky, 2015). They will have three assistants and their wage is 5 SGD/hour per person. Therefore, total wage = 5 x 15 x 3 = 225 SGD Costs of foods and beverages Basic lunch time menu with a drink = 12 SGD Breakfast = 6 SGD 1litre of milk = 4 SGD Total number of players = 13 (11 + 2) x 4 = 52 Total employees = 120 It is estimated that everyone will come, hence breakfast and meal will be provided for 120 persons. The milk will only be given to the players. The match referee and the umpires are to be given the same meal as the players (Field Keller, 2008). The CEO and MD and other important members are also to be given all the meals. The technicians and the assistants will also be given the meal that is kept for the nonplayers. The project manager and the project management team will also get the same meal as the other nonplayers. Now the total number of people has become 135. Therefore cost for meal of 135 people = 135 x (6 + 12) = 135 x 18 = 2430 SGD The cost of milk for the players (including match referee and umpires) and the important members = (52 + 5 + 3) x 4 = 60 x 4 = 240 SGD The arrangement of water will be done. 410 litres of water will be arranged. The cost of one litre of water is 3.78 SGD. Therefore, cost of water = 410 x 3.78 = 1549.8 SGD Therefore, total cost = (200 + 800 + 300 + 225 + 2430 + 240 + 1549.8) = 5744.8 SGD References Deeprose, D. (2012).Project management. Oxford, U.K.: Capstone Pub. Field, M. Keller, L. (2008).Project management. London: International Thomson Business Press. Harris, V. (2014). Management Practice Event Management: A New Profession?.Event Management,9(1), 103-109. https://dx.doi.org/10.3727/1525995042781039 Heerkens, G. (2012).Project management. New York: McGraw-Hill. Hyvri, I. (2016). Project management effectiveness in project-oriented business organizations. International Journal Of Project Management,24(3), 216-225. https://dx.doi.org/10.1016/j.ijproman.2005.09.001 Kerzner, H. (2011).Project management. New York: John Wiley. Lawton, L. (2011). Introduction: Special Issue on Sustainability in the Event Management Sector.Event Management,15(4), 313-314. https://dx.doi.org/10.3727/152599511x13175676722447 Maylor, H. (2010).Project management. Harlow, England: Financial Times Prentice Hall. Mikkelsen, H. (2010). Quality of project work and project management.International Journal Of Project Management,8(3), 138-143. https://dx.doi.org/10.1016/0263-7863(90)90014-3 Patel, V. (2008).Project management. Jaipur, India: Oxford Book Co. Pernecky, T. (2015). Sustainable Leadership in Event Management.Event Management,19(1), 109-121. https://dx.doi.org/10.3727/152599515x14229071393188 Reid, S. Ritchie, B. (2011). Risk Management: Event Managers' Attitudes, Beliefs, and Perceived Constraints.Event Management,15(4), 329-341. https://dx.doi.org/10.3727/152599511x13175676722528