Ans : Recent trends in Operations Management:- 1. CAD/CAM- CAD/CAM stands for Computer-aided design and Computer-aided manufacturing. It is used in product development to enable manufacturers to design and build their products using computers. The technology that has been developing since the first interactive graphics was developed at MIT in early 1970s. CAD uses computer graphics and software to enable engineers to do most of design activities needed to complete engineering design that include
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India China & US – A Comparative study of the Recent Trends in their Economic Growth. 1. CAPT. Dr. M. Venkataramanan Associate Professor Department of Economics D G Vaishnav College Chennai 2. Mrs. S.V.Nandini Lecturer Department of Economics D G Vaishnav College Chennai India‚ China & US – A Comparative Study of the Recent Trends in their Economic Growth. In the words of Swami Vivekananda “There runs an economic struggle through every religious struggle. The animal
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CONCEPT OF GLOBALIZATION "Globalization means the production and distribution of products and services of a homogeneous type and quality on a world wide basis”. Globalization also means globalizing the marketing‚ production‚ investment‚ technology and other activities. How do these happen? Globalization does not take place in singly instance. It takes place gradually through and evolutionary approach. FEATURES OF GLOBALIZATION Operating and planning to expand business throughout the world
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Terrorism is a trend which spans centuries‚ continents and ideologies. It is the act of committing violence against others‚ be they civilian‚ military or governments in order to raise awareness about a group‚ ideology or cause. Throughout history terrorism has been influenced by many forces but three key forces have shaped this trend the most significantly. Religion is often a driving force for acts of terror especially when the perpetrators of terrorism believe their religious practices and views
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Ever since 1978‚ the Chinese government gradually implemented reforms in the banking industry based on the success of the initial economic reforms. China’s banking system‚ like the economy itself‚ has changed dramatically transforming from a single banking institution that acted as both a central bank and a commercial bank (the People’s Bank of China)‚ to one dominated by publicly traded firms driven by market fundamentals. According to Werner and Chung (2010)‚ the Chinese banking industry
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Introduction The economy can be divided in the entire spectrum of economic activity into the real and monetary sectors. The real sector is where production takes place while the monetary sector supports this production and in a way is the means to the end. We know and we accept the financial system is critical to the working of the rest of the economy. In fact‚ the Asian crisis of the nineties‚ or for that matter what happened in Latin America and Russia subsequently and also Dubai Crisis
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SOCIO-ECONOMIC FACTORS INFLUENCING THE ENTREPRENEURIAL DEVELOPMENT The emergence and development of entrepreneurship is not a spontaneous one but a dependent phenomenon of economic‚ social‚ political‚ psychological factors often nomenclature as supporting conditions for entrepreneurship development. These conditions may have both positive and negative influences on the emergence of entrepreneurship. Positive influences constitute facilitative and conductive conditions for the emergence of
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Changing trends in Tax and non-tax revenues Trends in tax revenue Some of the other features of trends in tax revenue are as follows: • Tax revenue‚ on an average‚ could finance about 60 per cent of thecenter’s revenue expenditure during the eighties. The proportionduring nineties‚ however‚ was about 55 per cent only. • Continuing reforms and rationalization of the tax structure‚ haveresulted in a structural shift in composition of tax revenue • A fall in the share of indirect tax
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Central Banking: Recent Trends and Debates Central Bank Independence The term autonomy‚ or independence‚ in context of Central Banks‚ refers to how freely the monetary policy makers can conduct policies with little or no interference from the government. Also referred to as the “autonomy” of Central Banks‚ the definition of independence considers two important aspects. They are political independence and economic independence‚ However‚ nowadays these
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Global Business Context Assignment 2008 Part 1: France’s economic performance over the last 40 years can be illustrated using three main macroeconomic variables; unemployment‚ inflation and GDP. When comparing them against each other‚ we can explain the relationships between each variable. (A table of the variables can be found in the appendix.) This graph shows that although there appears to be no direct relationship between GDP and unemployment until after around 1986‚ a correlation begins
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