Company Secretary career in India – Points bought to know
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Company secretary is one who act due to the fact the mediator between the company and it’s Board of Directors, Government, Shareholders and regulatory authorities. the work if a agency secretary is to make certain that the Board tactics are strictly observed and often revised. Company Secretary is that the judgment of right and wrong seeker of a enterprise. He or She courses the Chairman and Directors on the way to make the easiest use of their obligations beneath a range of laws.
As per the organizations Act 1956, each and every employer with a paid-up share capital of Rs.5 crores or above has received to appoint an complete time Company Secretary. The institute of Company Secretaries of India (ICSI) has developed and managed the occupation of Company Secretaries inside the country.
Where can a Company Secretary work:
A certified CS can both be used by way of a company or can begin his/her personal practice. As per part 383A of the groups act 1956, it is obligatory of businesses with a paid up share capital of Rs.5 crores or greater to appoint a business enterprise Secretary.
A CS begin exercise requires a Certificate of exercise (CoP) from ICSI (after certified as a CS). The company Secretary can then problem compliance certificates to businesses and corporations (with a paid up share capital between 10 lakhs to Rs.5 crores) and beneath diligence document for Banks etc. There additionally can render there on retainer ship groundwork for expert recommendation and support.
Power and responsibility of a Company Secretary:
The quintessential function that a CS performs in the course of an organization are regularly gauged by using the very truth the companies bill, 2011 equates him to the Chief Executive officer and consequently the Chief Treasurer of the company via which includes him inside the definition of Key Managerial Personnel consequently putting heavy accountability on his shoulder. In companies, a company secretary is greater worried in company restructuring, formulating company company policies, managing public issues, mergers and acquisition, joint ventures inside and out of doorways India.
Career Growth of Company Secretary:
Normally the designation ascribe inside an enterprise is “Company Secretary” or “Assistant Company secretary”. But retaining a consideration the indoors hierarchy of an employer, one can begin with a minimal of “Senior Executive” or “Assistant Manager” in an organization. With trip can go up to heading a legal and secretarial department of an association and even rising to the submit of Director or Chairman.
Pay Package of Company Secretary:
A more energizing can begin with a revenue of round three to 5 lakh as soon as a year. Packages very counting on persons competencies and consequently the sector.
Opportunities exists overseas additionally citadel ICSI members. The ICSI has signed MOUs with Institute of Chartered Secretaries and Administrators (ICSA) in London and Chartered Institute for Securities and Investment (CISI) in London.
Career Prospectus for Company Secretary:
As per the Corporation Act, 1956, each and every agency with a paid-up share capital of Rs.2 crores or above has acquired to appoint a complete time Company Secretary.
Sunrays to illuminate sanctum sanctorum of Ram temple in Ayodhya
The Ram temple in Ayodhya will be built in such a way that the sun rays will fall on the idol of Ram Lalla and illuminate its sanctum sanctorum on every Ram Navami, said a member of the Sri Ram Janmabhoomi Tirath Kshetra Trust.
The design will be inspired by the 13th century Sun temple at Konark in Odisha, he said. Work is underway on a proposal to design the temple in a way that the sun rays beautify Ram Lalla’s idol in the sanctum sanctorum on every Ram Navami and consultation with scientists, astronomers and technologists is going on in this regard, Kameshwar Choupal, member of the Shri Ram Janmabhoomi Teerth Kshetra Trust told PTI.
Choupal said, “The Sun temple at Konark in Odisha is an example where the sun rays reach inside the temple. In such a situation, all the technical aspects and state-of-the art technology are being considered regarding how the rays of the sun reach the sanctum (of Ram temple).
The member said a committee consisting of experts from the National Institute of Building Construction, including Indian Institute of Technology (IIT) Delhi, IIT Mumbai, and IIT Roorkee, has been formed to focus on the technical aspects related to the construction of the temple.
Another senior official of the trust said, The construction work of Shri Ram temple is going on at a fast pace. Efforts are being made (to ensure) that by December 2023, the construction of the sanctum sanctorum should be completed and people can have darshan.
He informed that the first phase of foundation has been completed, while the second phase will be over by mid-November. During the construction of Ram temple in Ayodhya, several aspects, including geological, geographical and ecological conditions, are being taken into consideration, he said.
Chaupal said according to the geological classification, Uttar Pradesh is prone to earthquakes and there is a river near the temple complex while the entire area comes under the Himalayan region.
From November 15, the work of construction of the plinth (the base part of the pillar) will also start. The construction of pillars and overhead structure on the plinth is expected to start from April 2022, he said.
Some changes have been made in the earlier model regarding the construction of the temple, Chaupal said, adding that three floors would be constructed now instead of the two planned initially.
Chaupal informed that the temple will have a museum, archives room, research centre, auditorium, gaushala, tourist centre, administrative building, yoga centre and other facilities.
India’s warm-up worries: Kishan or Rahul as second opener, Hardik’s batting position
All-rounder Hardik Pandya’s form and few batting slots will be foremost on captain Virat Kohli’s mind as India look to make the most of two T20 World Cup warm-up matches starting with a game against England on Monday.
With all the Indian players coming straight from the recently-concluded IPL, match practice isn’t a problem for Kohli and his men but getting the perfect combination on the park before the high-profile opening game against Pakistan on October 24 is a priority.
Against England and the Wednesday’s game versus Australia, the Indian team management would look to give the players who are still not automatic choices in the playing XI, more overs to bat or bowl to get a better idea about their current form.
Vice-captain Rohit Sharma is a certainty at the top but it would be a tough choice between Ishan Kishan and KL Rahul as his opening partner. It could well be a case where both are given a fair go at the top of the order to see who is in better touch.
Rahul will be the favorite considering that he has the experience of playing pressure matches and is in good form having amassed 626 runs (including 30 sixes) at a strike rate of 138.80 in 14 IPL games.
Such numbers make him the favorite to pip Kishan but it is worth mentioning that Rahul’s statistic improved substantially during an inconsequential game for Punjab Kings against Chennai Super Kings, in which he scored 98 not out off 42 balls with eight sixes and seven fours. Otherwise, he has not exactly got the move-on in power play overs and has only been able to accelerate towards the end in other games.
Kishan was brilliant as Rohit’s opening partner in the last two games as he nearly took Mumbai Indians into the play-offs with two blazing fifties. If Rahul is the team’s preferred choice, Kishan might just force Hardik into the No. 6 slot in the batting order, which is ideal for a finisher. For MI, both Hardik and Kishan had underwhelming returns in the UAE leg.
Hardik is another big factor in this line-up as chances of him bowling full tilt or for that matter bowling at all are very less. In this situation if the team punts on him, expecting that his ‘MS Dhoni-esque’ helicopter shots will come off, they would have to decide which is a better slot for him. Is it above Rishabh Pant at No. 5, or at No. 6, where he may get only 15 balls at the max to show his prowess.
Similarly, in the spin bowling department, Ravindra Jadeja may have two spinners playing with him and Varun Chakravarthy is all but confirmed if he remains fit. The third spinner’s choice is between Rahul Chahar’s leg breaks and R Ashwin’s off-breaks.
During the captain’s meet, skipper Virat Kohli praised Chahar junior for extracting good pace off the slow UAE wickets, which has enabled him to keep the more seasoned Yizvendra Chahal out of the team.
Bhuvneshwar Kumar and Jasprit Bumrah are expected to be the two pacers but if the team plays a spinner less, then Shardul Thakur’s inclusion will provide the depth required. For England, a rejuvenated Jos Buttler with his pyrotechnics will hold the key along with the flamboyant Jason Roy and another senior batter in Jonny Bairstow.
If the IPL is any indicator, on the slow tracks some of the English players like Liam Livingstone and Dawid Malan seemed to struggle when the ball didn’t come on to the bat. Skipper Eoin Morgan was brilliant as a leader at KKR but he would also like to score a few runs going into tournament proper
A 6-year-old Indian-origin girl Aleesha Gadhia wins UK PM’s award for climate campaign
A six-year-old Indian-origin girl Aleesha Gadhia who campaigns to raise awareness of deforestation and climate change issues was on Thursday named a winner of British Prime Minister Boris Johnson’s daily Points of Light award.
Aleesha Gadhia is a climate activist and mini ambassador for UK-based non-profit Cool Earth and has raised over GBP 3,000 for the organization, which works alongside rainforest communities to halt deforestation and lobbies businesses to create more sustainable practices as reported by NewIndianExpress.com
Gadhia becomes the 1,755th person to receive the British Prime Minister’s Points of Light award, which was launched in 2014 to recognize people making a difference in their communities.
She has also set up a climate change club at her school, encouraging others to look after the environment and include activities such as litter picking and planting trees. “I feel really excited and happy to have won the award.
I am really grateful and honoured to have Prime Minister Boris Johnson to award and write a letter to me. I never thought I would receive such an award,”Gadhia said. “Climate change is a really important issue and I hope raising awareness will tackle this problem.
Thank you to everyone who has supported me, including my teachers Mrs Heatlie and Mrs Wandand. Thank you also, to Cool Earth for making me their first youth ambassador,” she said. Gadhia was recognized with the honor for also writing hundreds of letters and emails to some of the UK’s largest companies and most influential people to encourage them to take climate action.
After her win, Ruth Edwards, Gadhia’s local MP for Rushcliffe in Nottingham, said she is absolutely delighted to hear the news. ”I have had the pleasure of meeting Aleesha, who is currently raising money for ‘Cool Earth’, last month and I think she is setting a great example of what we can all do to help our environment. This award is truly well-deserved, and I can’t wait to see what’s next for Aleesha and her campaign,” she said.
Fantastic to meet @ClimatePrincess today who is doing some great things for the environment including riding her scooter for 50 miles to raise money for @coolearth!
“I have had the pleasure of meeting Aleesha, who is currently raising money for ‘Cool Earth’, last month and I think she is setting a great example of what we can all do to help our environment. This award is truly well-deserved, and I can’t wait to see what’s next for Aleesha and her campaign,” she said.
“I would like to do my part and try and save the rainforests. All the money raised will go towards making this a greener planet,” she said of her fundraising drive.
“Climate change is a very important issue, and I hope raising awareness will overcome this problem. Thank you to everyone who supported me through this journey, including my teachers Mrs Heatlie and Mrs Wandand. Thank you to Cool Earth for choosing me their first youth ambassador,” she added.
Gadhia’s parents, Kiran and Pooja Gadhia, added: “We are so proud of Aleesha, she has done so much over the past year for someone so young. She has inspired us all and we hope she continues on this amazing journey.”
A Guided way to Increase Concentration by Meditation
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Understand what concentration is: “Concentration is taking your mind off many things and putting it on one thing at a time.” Often what distracts us are day-to-day misunderstandings and negative feelings. Here is a guided meditation to release negative feelings. Decide what you want to concentrate on.
In many ways, you become what you focus on—that is, you take on some of its characteristics. Have you ever noticed how couples who have been married for many years start to look like each other, or how people often come to resemble their pets, their cars, their hobbies, or their work projects?
Watch other people concentrating
Go see a good action movie. In the middle of it, look around at the people in the theater. What are they doing? They are absolutely still, eyes barely blinking, and their breath is slower. It would take a really major distraction to break their attention stream. These physical signs may give you a hint about ways to increase your own concentration abilities. Here’s a visualization to improve your concentration.
Avoid constant sensory input
Multi-tasking (trying to do more than one thing at a time), loud noises, and visual stimulation (such as from a T.V.) make concentration much more difficult, and being around them or doing them too much can put you into a habit of non-attention which can be hard to break.
Make it a point to put your full concentration on whatever you are doing. Don’t let anything distract you. It really helps to be in a quiet place, but you can learn to block out noise if necessary.
Meditation is the most powerful of all concentration enhancement techniques. Learn a few simple meditation techniques and practice them at least five minutes daily. By meditating regularly and deeply, you will awaken your soul — the immortal, blissful divine consciousness at the innermost core of your being.
Yoga meditation is the time-proven way of unlocking our soul’s infinite potential. It is not a vague mental process of thinking or philosophical pondering. It is the direct means of freeing the attention from life’s distractions, stilling the turbulent and restless thoughts that keep us from knowing our real Self — the wondrous divine being that we really are. Through the discipline of meditation, we learn to concentrate within, discovering our centre of unshakable peace and joy.
Learn techniques to increase and control your energy. One such technique is Paramhansa Yogananda’s Energization Exercises which are available at YSS. Controlling your energy is an important first step toward the ability to concentrate deeply.
Paramahansa Yogananda (1893 — 1952) is considered one of the preeminent spiritual figures of modern times.
Author of the best-selling spiritual classic Autobiography of a Yogi, this beloved world teacher has introduced millions of readers to the perennial wisdom of the East. He is now widely recognized as the Father of Yoga in the West. He founded Yogoda Satsanga Society of India in 1917 and Self-Realization Fellowship in 1920, which continue to carry on his spiritual legacy worldwide under the leadership of Sri Sri Swami Chidananda Giri, who succeeded Sri Sri Mrinalini Mata as the fifth president.
Paramahansa Yogananda has profoundly impacted the lives of millions with his comprehensive teachings on:
the science of Kriya Yoga meditation,
the underlying unity of all true religions,
the art of balanced health and well-being in body, mind, and soul.
His teachings and the meditation techniques he taught are available today through:
Yogoda Satsanga Lessons, a comprehensive home-study series originated by Yoganandaji himself;
Books, recordings, and other publications from YSS, the organization he founded to disseminate his teachings in India and neighbouring countries;
Programmes conducted by sannyasis of the Yogoda Satsanga Society of India at YSS Ashrams and meditation centres all over the country.
Go outside and breathe deeply or take a brisk walk. Make yourself do this often and you’ll be able to return to your task recharged and ready to focus more creatively. This Nature and Me exercise from Sharing Nature Worldwide will help you go deep into nature quickly and return you refreshed and uplifted.
Misinterpretation of Constitution should be prevented
By Vishnu Makhijani
Vishnu Makhijani can be reached at firstname.lastname@example.org
There is every reason to be proud of the basic structure of the Constitution of India but the “problem” lies in the way its “basic structure is often misinterpreted”, says a veteran bureaucrat who had put in his papers as the Union Home Secretary and Secretary Justice in 1993 as “the last straw was the demolition of the Babri Masjid”.
He also feels that “wide ranging reforms of the parliamentary system is the answer to the present untenable situation” and that the “unworkable” institution of state Governors should be abolished. “The Supreme Court has pronounced in the Kesavananda Bharati case in 1973 that the power to amend the Constitution under Article 368, wide as it was, did not include the power to abrogate the Constitution or alter its basic structure or framework.
There is every reason to be proud of the basic structure of the Constitution. The problem is with the way the basic structure is often misinterpreted,” Madhav Godbole, now 85, who had 17 months to go in his tenure when he quit the IAS, told IANS in an interview of his book “India – A Federal Union Of States; Fault Lines, Challenges and Opportunities” (Konark).
“I have suggested amendments for making a success of the unique model of the Union of States envisaged in the Constitution. They include, among others, review of the division of powers between the Centre and the states in the Seventh Schedule; operationalisation of secularism; abolition of the institution of Governor; curbing the scope of state domicile for reservation of jobs for those domiciled in the state so as to protect the fundamental rights of citizens under Articles 15 and 16; division of Supreme Court into two divisions, namely Appellate and Constitutional; creation of a workable alternative to the InterState Council, and establishment of a Trade and Commence Authority of India under Article 307,” Godbole added.
“The Constitution has been amended over 200 times. Most of the amendments were in response to the demands of changing socioeconomic situations. As Thomas Jefferson, one of the founding fathers of the American Constitution, had said, ‘We may consider each generation as a distinct nation, with a right, by the will of its majority to bind themselves, but none to bind the succeeding generation, more than the inhabitants of another country’.” Godbole maintained.
He is a little more forthcoming in the book. While a way forward has to be found, “this is not going to be easy” for four reasons, he writes.
Firstly, “the scheme of the Constitution is not really meant for a functioning, multi-party democracy”.
Secondly, the cycle of unsynchronised elections to Parliament and state legislatures “keeps the country in a continuous election mode” due to which “the level of debates (during the polls) has deteriorated and become highly acrimonious”.
Thirdly, these differences are carried forward in all fora such as the National Integration Council, the National Development Council, the Inter-State Council and even the NITI Ayog and fourthly, “the states opposed to the Centre, ganging up on issues, even on matters which are in the Central field, has become far too common and has increased the divide between the Centre and the states”.
Question: Under the US system of governance, the House of Representatives and the Senate pass their separate versions on a law that the government intends to bring. These are then “married” and passed by both Houses before being forwarded to the President. Is there need for such a system in India because even though every ministry has a Standing Committee, the government generally rams through the Bills it presents in Parliament?
“Wide-ranging reforms of the parliamentary system is the answer to the present untenable situation. The wheel does not need to be reinvented,” Godbole said during the interview.
“A series of valuable suggestions have been made by a number of knowledgeable persons and expert committees. My book ‘India’s Parliamentary Democracy on Trial’ (2011) also contains a number of suggestions. Unfortunately, there is a lack of political will to address the issues seriously and in a time-bound manner,” Godbole maintained.
What replacement does he envisage for the state Governors?
“The guidelines suggested by expert committees and commissions for appointment of Governors have been totally neglected. Salutary principles underling the institution of Governor, made clear by the Supreme Court, have also been totally overlooked. As a result, the institution of Governor has become unworkable.
“I have analysed in my book how the responsibilities entrusted to the Governor can be discharged by other existing authorities. Even for considering whether there is a failure of constitutional machinery in a state as envisaged in Article 356, the report of the Governor is not mandatory. In fact, in the two situations in which the use of Article 356 could have been fully justified, namely before demolition of the Babri Masjid in 1992 and after the communal riots in Godhra in Gujarat in 2002, the Governors failed to make recommendations for imposition of President’s rule.
“If a situation arises for imposition of President’s rule in a state, a suitable person can be appointed to take charge of the state for the limited period,” Godbole maintained. As for his other suggestions for “The Way Forward”, principally that “it is time to open a new chapter on India’s federalism by pursuing the objective of cooperative federalism, which has remained in paper so far except in the solitary case of GST”, he said: “I would like to reiterate that these sensitive and as some would say politically explosive issues need to be discussed apolitically, keeping in mind the larger national interest. This will call for the highest standards of statesmanship and a spirit of openmindedness, as was seen in the compromise on the language policy adopted by the Constituent Assembly.”
In this context, Godbole was also highly critical of the Pension Amendment Rules notified by the Central government on May 31 that have put severe restrictions on the writings of retired officers from several organisations dealing with security and intelligence.
“Rather than putting a blanket ban on writings of retired officers dealing with security matters, it would be advisable to deal strictly with cases of compromise of national security, on a case-by-case basis,” he asserted. Godbole has so far written 26 books on public issues in English and Marathi, of which 15 are in English and some of which have been translated into Marathi. Is he now working on another book?
“Comparisons are often made between the performance of China and India. In this context, I am looking at the manner in which decisions are arrived at in a democracy. ‘Price of Democracy – The Indian Experience’, is what I propose to explore,” Godbole concluded.
Global warming destroyed 14% of the world’s coral reefs in 10 years
Dynamite fishing and pollution — but mostly global warming — wiped out 14 percent of the world’s coral reefs from 2009 to 2018, leaving graveyards of bleached skeletons where vibrant ecosystems once thrived, according to the largest ever survey of coral health.
The hardest hit were corals in South Asia and the Pacific, around the Arabian Peninsula, and off the coast of Australia, more than 300 scientists in the Global Coral Reef Monitoring Network reported.
“Climate change is the biggest threat to the world’s reefs,” co-author Paul Hardisty, CEO of the Australian Institute of Marine Science, said in a statement. Oceans absorb more than 90 percent of the excess heat from greenhouse gas emissions, shielding land surfaces but generating huge, long-lasting marine heat waves that are pushing many species of corals past their limits of tolerance.
A single so-called bleaching event in 1998 caused by warming waters wiped out eight percent of all corals. Coral reefs cover only a tiny fraction — 0.2 percent — of the ocean floor, but they are home to at least a quarter of all marine animals and plants.
Besides anchoring marine ecosystems, they also provide protein, jobs, and protection from storms and shoreline erosion for hundreds of millions of people worldwide. The value of goods and services from coral reefs is about $2.7 trillion per year, including $36 billion in tourism, the report said.
Loss of coral from 2009 to 2018 varied by region, ranging from five percent in East Asia to 95 percent in the eastern tropical Pacific. “Since 2009 we have lost more coral worldwide than all the living coral in Australia,” noted UNEP executive director Inger Anderson.
“We can reverse the losses, but we have to act now.” The UN’s climate science advisory panel, the IPCC, projects with “high confidence” that global warming of 1.5 degrees Celsius above preindustrial levels will see 70 to 90 percent of all corals disappear. In a 2C world, less than one percent of global corals would survive.
Earth’s average surface temperature has already increased by 1.1C above that benchmark. The report, titled “Status of Coral Reefs of the World: 2020”, found reasons for cautious optimism. “Some reefs have shown a remarkable ability to bounce back, which offers some hope for the future recovery of degraded reefs,”Hardisty said.
East and Southeast Asia’s “Coral Triangle” — which contains nearly 30 percent of the world’s coral reefs — were hit less hard by warming waters over the last decade, and in some cases showed recovery.
Internationalisation of Businesses: Is the grass always greener?
By Dr. Boidurjo Rick Mukhopadhyay and Prof Dr. Bibhas K Mukhopadhyay –
1. International Award winning Development and Management Economist, formerly at the Institute of Development Studies, UK.
2. Author and Professor of Management and Economics, formerly at IIBM (RBI), Guwahati
Internationalisation is the process of going global. The OECD in 2008 gave one of the crispest definitions by saying that Internationalisation is the process by which firms “initiate, develop, or sustain business operations in overseas markets” and participate in international trade.
Therefore, it includes everything from exporting, opening offices and managing operations in other countries to selecting partners, building linkages with foreign investors, and also at the same time integrating into global value chains. The above applies to both SMEs and large corporations who choose to internationalise.
Other studies have captured Internationalisation as the process of increasing international operations by participating in global markets in various forms. It could also be perceived as the process by which firms could increase their awareness of the direct and indirect influences of international transactions on their future, while at the same time can establish and conduct transactions with other countries directly.
Naturally, therefore the process takes a long time and includes several incremental decisions and strategies. It involves various outward and inward products, services or resources transferring across national boundaries. For example, think of the extended supply chain of coffee chains such as Starbucks or Costa and also fast fashion or sportswear brands.
It is important and interesting to know more about how firms internationalise because it is not simply about exporting or setting up business units in host markets, but also to understand how for example multinational companies enter emerging markets like India, Brazil or South Africa amongst the BRICs that typically involves a great deal of risk due to volatile markets in the sense of both political and economic activity.
So, it becomes more about understanding the process of how firms strategise to enter the market. While some companies prefer the gradual path considering one market after the other, taking into consideration time and knowledge; whereas others avoid a step by-step approach. The example of TATA is exceptional, and after sealing the deal with Land Rover and Jaguar in the UK, it solidified its global presence more than ever.
Why do SMEs internationalise?
The primary forces behind Small and Medium Enterprises (SMEs) considering internationalising are firstly, to reduce costs and price while also accessing and using technology that allows connectivity. In the process, this connects people and locations.
With increased connections and technology use, more opportunities at the international level could be identified. Secondly, increasing internationalisation of SMEs could change different countries’ institutional environments and expectations. e.g., continuous demolition of trade barriers, facilitated by financial deregulation.
This could lead to the improvement of innovation capabilities and capacity in firms. Thirdly, expanding operations into other countries after world economic restructuring that followed the fall of socialism in Russia and Central/Eastern Europe, and geographical expansion of markets in Asia, particularly China. These new markets have experienced exponential growth and investment.
Government supporting internationalisation:
An example from higher education industry The primary reason for higher education institutions to internationalise is to attract skilled workers, fostering exchange and co-operation, and providing cost-effective alternatives to domestic education opportunities.
In India, for example, the IIMs, in particular, have done an exceptional job with this. Through strategic internationalisation, higher education institutions promoted multiculturalism and cross-cultural awareness which have been a usual thing in Western Universities. One of the impacts has been to offer new study, research, and work opportunities and benefits that are no longer limited by national boundaries.
However, in order to sustain the momentum of increasing international cooperation, it is important to make higher education attractive and internationally competitive, promoting internationalisation within higher education institutions in a strategic way. New firms who want to internationalise at an early stage without clarifying their goals and market objectives could diminish the image of the higher education industry of their home country.
Promoting internationalisation within higher education institutions is generally a good move given the resource capacity of a higher education institution, so partly ways to do it would be to firstly, deliver part of their programmes in foreign languages while ensuring quality control, secondly, provide adequate teaching capacity to teach their national language to international students.; thirdly, develop language and cross cultural skills of domestic students, and fourthly, consider recruiting foreign academics on the basis of emphasising ‘cultural fit’ as much as academic merit.
Examples of successful Internationalised businesses
The international business machine corporation (IBM) was the first company to produce computers for governments, and then educational facilities and large businesses. IBM entered the personal computer market in 1981 with the IBM PC, which helped start the personal computer revolution.
What IBM did uniquely was the fact that other companies began making computers that were compatible with IBM, which made IBM PCs the industry standard. With time and more recently, IBM has invested heavily in artificial intelligence, as well as self-healing computer technology. IBM’s more recent success is due to its ability to adjust and adapt during changes in the computer and technology industry.
In adjusting to the changing times, IBM also recognized what needed to be eliminated, and divested products and markets that they had developed over the past century. The company is solely heavily focused on innovation, achieving more patents per year than any other players in the industry.
At the same time, the company reached out to address global problems, such as the management of water, Smarter Planet, and other similar initiatives. These strategies, comprehensively, has helped sustain IBM’s internationalised nature and operations.
IKEA focuses on combining high functionality with quality and design in its products, while keeping prices as low as possible, especially by keeping the assembly of the furniture directly at the hands of the customer. Their goal has always been to provide furniture that makes everyday life easier and is available to everyone, all of this while keeping sustainability in mind.
The IKEA Group works with a franchise System and multiple different companies, all under the IKEA Brand. The company has grown significantly over the past decades, with revenues reaching a billion dollars recently. IKEA has over three hundred stores in 55 different countries and is the third-largest consumer of wood worldwide.
The Austrian company, Red Bull does global marketing so well that many Americans assume it’s a local brand. One of its most successful tactics is to host extreme sports events all over the world. From the Red Bull Indianapolis Grand Prix to the Red Bull Air Race in the United Kingdom to the Red Bull Soapbox Race in Jordan, the brand’s powerful event marketing strategy takes them here, there, and everywhere. Red Bull’s quick-witted advertisements and packaging have helped this brand go global. They also ‘glocalise’ well in international markets, when necessary.
Airbnb, a community marketplace for people to list and book accommodations around the world, based out of San Francisco, California. Airbnb has grown to 1,500,000+ listings in 34,000+ cities worldwide. Heavy marketing on social media offered a good level of success. One of the most popular marketing tricks they hatched was in 2015 when they started this campaign of #OneLessStranger, the company asked communities where they were based to perform random acts of hospitality for strangers, and then take a video or photo with the person and share it using the hashtag.
Spotify –another successful and interesting company (voted to be one of the best global companies in 2018) and expand from Sweden into other countries so quickly. The company’s goal has always been about helping users find something new. It’s one thing to select a genre of music to listen to — it’s another thing to select a ‘mood’ to listen to.
Spotify gets users to listen to music that goes beyond their favourite genres, and instead satisfies habits and lifestyles that people share all over the world. In the process of doing so, it allows international artists to access listeners from other countries simply because their product is being categorised a different way. Spotify now has offices in 17 countries around the world.
While all seems positive when businesses choose to internationalise, there are political, regulatory, currency and country-level risks that they encounter as they go through the process of going global. At the ground level in international markets, the performance, cultural norms, and role of interlocutors are critical factors.
Also, the aspirations and attitudes of counterparties can be somewhat difficult to predict, which could affect the nature of partnerships that are created. More often than not, cultural factors and social capital also plays a huge role in determining survival and success in a host market.
Coronavirus deaths in Russia hit record for third time this month
Coronavirus deaths in Russia hit a record for the third time this month on Tuesday, and new infections once again exceeded 25,000 a day a surge that comes as vaccination rates in the country remain stagnantly low and the government shuns imposing tough restrictions to stem the spread.
Russia’s state coronavirus task force reported 25,110 new confirmed cases on Tuesday and 895 new deaths the country’s highest daily death toll in the pandemic. This month, records in fatalities came every other day: the previous record, of 890 deaths, was registered on Sunday, and the one before that, of 887 deaths, occurred on Friday.
The Kremlin has said that the situation elicits concern, but still it is not considering a countrywide lockdown or any other nationwide measures. A number of Russian regions have limited attendance of mass events and restricted access to some public places, such as theaters, cinemas, restaurants and bars, only to those who have been vaccinated, recently recovered from COVID-19 or tested negative over the past 72 hours.
But critics argue that these measures aren’t enough to slow down the surge. In some areas of the country, including Moscow and St. Petersburg, life remains largely normal, with businesses operating as usual and mask mandates loosely enforced.
In the meantime, Russia’s vast, yet severely underfunded health care system has started to show signs of being overwhelmed by the outbreak. Russian media have reported long lines of ambulances once again forming in front of hospitals in St. Petersburg, the country’s second-largest city, and a desperate ambulance crew in the city of Vladimir 180 kilometers (about 110 miles) east of Moscow driving a COVID-19 patient to a local government building after failing to find a hospital bed for her.
Officials have blamed low vaccine uptake. As of last week, 33.5% of Russia’s 146-million population have received at least one shot of a coronavirus vaccine, and just 27.4% have been fully vaccinated.
Kremlin spokesman Dmitry Peskov attributed the slow pace of the immunization drive to an insufficiently active campaign explaining that there are no alternatives to vaccination. Despite the soaring infections, officials in Moscow on Monday announced the closure of the largest vaccination point in the Russian capital in GostinyDvor, a huge exhibition space, in order to be able to hold cultural events there.
Chinese military activity near Taiwan provocative & destabilizing: US
Declaring that America’s commitment to Taiwan was “rock-solid”, the US has told China that it will continue to watch very closely the “provocative” and “destabilizing” Chinese
military activities near the self-ruled island.
Taiwan’s Defence Ministry said 56 Chinese warplanes made incursions into its air defense identification zone on Monday, the highest number since the island began publicly reporting such activities last year.
China views Taiwan as a breakaway province. However, democratic Taiwan sees itself as a sovereign state. Beijing has not ruled out the possible use of force to achieve unification with Taiwan.
Responding to questions on the issue of Chinese warplanes frequently entering Taiwan’s air defense zone, White House Press Secretary Jen Psaki told reporters at her daily news conference on Monday that, We remain concerned by the People’s Republic of China’s provocative military activity near Taiwan, which is destabilizing risk miscalculations and undermines regional peace and stability.
We urge Beijing to cease its military, diplomatic, and economic pressure and coercion against Taiwan, and we have an abiding interest in peace and stability across the Taiwan Strait, she said. That’s why we will continue to assist Taiwan in maintaining a sufficient self-defense capability.
We maintain our commitments, as outlined in the three communiques, Taiwan Relations Act, and the Six Assurances, she said. America’s commitment to Taiwan is “rock-solid and contributes to the maintenance of peace and stability across the Taiwan Strait and within the region,” Psaki said.
We have been clear, privately and publicly, about our concern about the PRC’s pressure and coercion toward Taiwan, and we will continue to watch the situation very closely, she said. Meanwhile, State Department Spokesperson Ned Price told reporters that the US is very concerned by China’s provocative military activity near Taiwan.
This activity is destabilizing. It risks miscalculations and undermines regional peace and stability. We strongly urge Beijing to cease its military, diplomatic, and economic pressure and coercion against Taiwan, he said. Our commitment to Taiwan is rock solid.
It contributes to the maintenance of peace and stability across the Taiwan Strait and within the region, and we’ll continue to stand with friends and allies to advance our shared prosperity, security, and values. We will do that as we continue to deepen our ties with Taiwan, Price said.
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