Cubas Relations with Latin America Essay - 2284 Words

Cubas Relations with Latin America Introduction The Cuban Revolution of 1959 not only affected Cuba itself, it also had a strong impact on the island’s international relations. This was particularly the case with its relationships with Latin America. In the forty years since the revolution, the response to Cuba from Latin American nations has ranged from the severing of diplomatic ties with the island, to the reestablishment of relations at a later period. Fear of the spreading of similar insurrections, as well as feelings of Latin American solidarity, are examples of factors that have contributed to these shifts. Revolutionary Leaders Define Cuba’s Place in the Americas Even before the success of the revolution, Castro and†¦show more content†¦Cuban revolutionary leaders also considered relations between the island and its neighbors, because of their close proximity and shared cultural and historical connections, to be of primary importance in Cuba’s international affairs. In its relations with the other American republics, Cuba’s attitude is not one of separation but rather friendship. This attitude will have priority over the rest of our international relations (26th of July Movement 138-139). Cuba and Latin America in the 1960’s The decade following the revolution saw the deterioration of diplomatic ties between Cuba and many Latin American counties. One of the main reasons for this was because after the success of the revolution in Cuba, Castro and his supporters began calling for revolt throughout Latin America. In various regions in the area, Castro mounted invasions, trained guerrillas, sent propaganda and money to fidelista groups, and occasionally dispatched arms and even personnel to support guerrilla activities (Wright 41). This caused many Latin American leaders to suspend their relations with Cuba for fear that the spread of rebellion would lead to their deposition. According to Wright, Latin America was especially vulnerable to upset by the impact of the Cuban Revolution since many of its countries’ political institutions had shallow roots (42). The instability that characterized much of Latin American politics in the 1960’s led to a number of uprisings in variousShow MoreRelatedFidel Castro And The Cuban Revolution1360 Words   |  6 Pagesgoverned Cuba for nearly five decades (1959-2006) achieving both successes and failures throughout the course of his rule. His rise to power as Prime Minister in 1959 saw Cuba become the first communist state in the Western Hemisphere, improving relations with the Soviet Union but at the cost of a trade embargo with the United States. During the period of the Cold War, Castro played a significant role in allowing missiles to be placed in Cuba as mishaps during the crisis may have resulted in mutuallyRead MoreCub A Long Time952 Words   |  4 PagesDomestic Product (GDP) in Cuba was 77.15 billion U.S. dollars, which represents 0.12% of the world economy. The GDP reached its peak in 2013 while a lowest record of 5.69 billion dollars in 1970. In addition, the service sector contribu tes around 75% of Cuba’s GDP, while manufacturing industry contributes about 21%, and agriculture contributes a mere 4%. Based on report by the Cuba National Office of Statistics, the GDP annual growth rate increased to 4.7% in the first quarter this year. From 2006 to 2014Read MoreThe Cuban Revolution : An Single Most Important Event Of 20th Century Latin America1200 Words   |  5 Pagesrebellions ultimately resulted in the overthrow of the US- backed Cuban government and ushered in a new era of Communist rule. It is often cited as the single most important event of 20th century Latin America. The Cuban Revolution was derived from social unrest and consequently had a major impact on Cuba’s domestic and foreign affairs most notably the installation of a communist government that still rules today and abroad supported communist institutions across the world which in turn resulted inRead MoreShould the United States Lift the Embargo on Cuba? Essay1428 Words   |  6 PagesAmerican international relations with Cuba have almost always been tense. The cold war solidified the growing negative relations, and the embargo embodied it. But now that the cold war is over, as is the Cuban missile crisis, we’re left to wonder if the embargo is really necessary. Should the United States lift the embargo of Cuba? All of the evidence, be it economic, diplomatic, or social, points to yes. We should lift the embargo. The United States embargo of Cuba has its roots planted in 1960Read MoreThe Cuban Revolution Was An Event That Sparked Change Among Latin America1171 Words   |  5 Pages The Cuban Revolution was an event that sparked change among Latin America. This change was a first of its kind, since the Western Hemisphere had primarily been democratic. Relations with other countries close by and far, improved or declined rapidly depending on the government and its ideals. Latin America countries had internal struggles which they would decide to follow Cuba or stay in favorable relations with the United States. Countries such as Honduras, Guatemala and Colombia seem to haveRead More Cuban Relations Essay4043 Words   |  17 PagesCuban Relations In the year 1959 a politician named Fidel Castro led a revolution against the Cuban government under Fulgencio Batista. Castro used his influence to persuade the Cuban people to fight for him in the revolution against Batista’s government. With the people on his side, Castro successfully overthrew the Cuban government and was eventually elected President. These people believed in Castro, and that he would make Cuba a better place to live and work in. Once Fidel Castro hadRead MoreThe Cuban Missile Crisis : The Most Dangerous Time1421 Words   |  6 Pagesever been. Prior to the Cuban Missile Crisis, the U.S. had long economic and political ties with Cuba. In the Spanish-America War the U.S. helped Cuba gain its independence from Spain with military support. Soon after the U.S implemented the Platt Amendments that were used to protect Cuba’s independence from foreign intervention, and permitted U.S. involvement in all of Cuba’s international and domestic affairs. For the U.S. Cuba provided a luxurious vacation location for American tourist, a URead MoreCuba And The United States1217 Words   |  5 Pagescut ties in January of 1961, meaning that there have not been any high-level diplomatic relations with Cuba for 54 years. At the time, America and Cuba considered one another as mortal enemies and mistrusted each other’s government greatly. So this raises the question; Was it the correct decision for Cuba and the United States to cut ties? This break with Cuba was a bad decision because it caused Cuba’s economy to plummet, caused Cubans to immigrate, and it caused Cuban support of communisticRead MoreRelations Between Russia And Cuba Essay2254 Words   |  10 PagesForeign Relations, you have been called upon to give advice on the issue of Russian spy bases reportedly reopening in Cuba against the backdrop of normalizing U.S.-Cuba relations. According to anonymous sources at the Department of Homeland Security, Cuba and R ussia reached an agreement to reopen the previously Soviet-run Lourdes signal intelligence base in Cuba, located 150 miles from the U.S. Ambassador Jeff DeLaurentis and his team has hired your department at the Council on Foreign Relations to participateRead MoreFidel Castro Is The Man Associated With The Failure And1037 Words   |  5 PagesCastro’s role in the Cuban missile crisis, it is important to consider the history of Cuba’s relations with the United States and Soviet Union. Cuba’s geographic proximity to the United States put it in the direct sphere of political and economic influence. Since their independence, the US have continued to intervene in Cuban affairs and dominate the trade of the region and island itself. Cuba’s long history of relations with the United States left Castro resentful of Washington, nevertheless their economic

Marketing Essays - 2217 Words

Marketing Different Companies have different methods of selling their products, some companies decide to launch an item and wait for the results of the sales. Another method of selling a product is to research the market in which it is to be sold. There are various ways of conducting some market research, much depends on the item you wish to sell, the time you may have to research and the amount of money that is available. People who are expected to be consumers may be approached in order to recognise their needs, this may be done through questionnaires verbally by post or by phone once their needs are recognised it will be clearer what to provide for them. Research into the companies†¦show more content†¦Market research can often prove to be expensive and time consuming and ultimately the results found through the research only suggest past events and past patterns it cannot be a guarantee for business or profit. Market research will only suggest areas that have been studied it is possible that issues of particular importance may not have been researched and there is always the risk of unexpected circumstances arising for which the research conducted has no account Research all presents predictions and can be untrue this can cause a huge loss in invested money in to the research business. Desk research involves secondary data, this information already exists and just needs to be broken down for the relevance of the product to be launched. Annual reports and accounts of every business are not always easy to access. This could make the research prolonged and time consuming when it would need to be efficient so that other copycat companies may not produce faster and benefit from your inefficiency. Market research is clearly significant as no market research means a bigger gamble, hence risk of losing capital invested. Without some type of research into the market, a product may be launched at a time which did not coincide with the spending of consumers. This would mean sales and no profit you could not sell woolly hats in the hot summer. TheShow MoreRelatedMarketing Analysis : Marketing And Marketing966 Words   |  4 Pagesreflect back over these last five weeks I now have a clearer view of marketing and how it affects not just the consumers of the world and the com panies with their marketing managers, but how it affects me. Yes, I am a consumer who clips coupons, budgets my finances, and looks for sale items and this marketing class has taught me that marketing is more than selling or advertising. Marketing managers have a difficult job, as marketing involves identifying, meeting and satisfying the needs of customersRead MoreMarketing Analysis : Marketing And Marketing1486 Words   |  6 Pagesthis day and age, marketing plays a pivotal role in the business environment. 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MarketersRead MoreMarketing Functions Of Marketing And Marketing1229 Words   |  5 Pagestrends, the marketing function is used as a measure in the business-to-business practice, to capture and place varied products in a market place (Kono, 2004). A typical market function provides details regarding the planning, information, product distribution, consumer support, risk taking, financing, and standardization and grading amongst other things (Makloof and Sundberg, 2006). In business a market function acts in respect to the corporate marketing, strategic marketing, field marketing and analysisRead MoreMarketing Concept Of Marketing And Marketing1413 Words   |  6 PagesMARKETING CONCEPT Marketing is an act of promoting and selling products or a service, this also includes marketing research and advertising. The marketing concept is the philosophy used by companies to analyse the needs of their customers so they can be better than the competition. As well as this they must also take into consideration the companies capabilities and the environment it is working in, as they can face the pressures of environmental changes. By using the marketing concept companiesRead MoreMarketing Orientation : Marketing And Marketing1450 Words   |  6 Pages A wide range of companies today prefer to adopt the marketing orientated approach to sell their new products rather than using product orientation before.In fact,marketing orientation also helps such companies to earn more profits in the long time.According to Jobber and Ellis Chadwick (2013),marketing orientation focuses on customers need as the primary drivers of organizational performance.However,this is not always the case. Product orientation still be used by some senior executives and thisRead MoreMarketing : Marketing And Relationship Marketing Essay1359 Words   |  6 PagesIntegrating Marketing With the shift in the external marketing environments, Apple has also shifted its marketing strategy. It personalizes marketing through experiential marketing and relationship marketing. â€Å"Experiential marketing promotes a product by not only communicating a product’s features and benefits but also connecting it with unique and interesting consumer experiences† (Strategic Brand Management, P. 181). Customers can easily experience a sense of community every time they walk in intoRead MoreMarketing Mix Of Marketing And Marketing1001 Words   |  5 PagesIn The cutting edge world of marketing dated back in the late 1950s, the four Ps were called the marketing mix, meaning that a marketing plan is a mix of four components. A company who has adopted 4P approach focuses on product, whereas company who has adopted the value approach focuses on value to the consumer. One of other marketing mix is the Value approach. This approach concentrates on delivering value to the consumers or customers, the 4Ps approach is evidently concentrated not on customersRead MoreMarketing Analysis : Marketing And Marketing1770 Words   |  8 PagesWhat is Marketing? A plethora of individuals seem to be misinformed about marketing. Several of these individuals believe that marketing is just advertising. Others will tell you that marketing is all about sales, insinuating that all marketers are just salesmen. Now these beliefs are both right and wrong. â€Å"How can they both be right and wrong at the same time?† you may be asking yourself. Well they are right, because marketing encompasses both advertising and sales. They are both wrong by assumingRead MoreMarketing Analysis : Marketing And Marketing1878 Words   |  8 PagesIntroduction Marketing research is the process that associates the consumers, customers, and end users to the marketer through information — information used to classify and describe marketing prospects and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and development understanding of marketing as a process. Marketing research identifies the information required to address these issues, designs the method for collecting information, manages and implements

Hrm Hotel Free Essays

As described by Schuler, Randall S ; Personnel and Human Resource Management, Third Etalon 1 987, recruitment Is referring to the set of activates and recess used to legally obtain a sufficient number of qualified people at the right time and place so that people and organization can select each other in their own best short and long term interests. By implementing the recruitment process, its provide organization with the qualified group of potential candidates to fill up the vacancies. However, the recruitment process must be done properly to ensure unwanted higher turnover result, wasted recruiting and training costs can be controlled at lowest level and minimized. We will write a custom essay sample on Hrm Hotel or any similar topic only for you Order Now As for Hilton case, the higher turnover rates record over the past years has rigged the HER department to begin to ponder, what went wrong with their excellent recruitment process. Another question was why their staffs disciplines such as absenteeism, conflict, and stress amongst staff are turning up gradually? Were these problems/ deficiencies happened because of poor HER recruitment planning? Trying to relate the above problems with the current recruitment process implemented by Hilton, I shall go further by analyzing the data provided as shown in Fig 1 . However, evaluations are made only to those critical recruitment sources which I believe necessary action to be taken immediately to fill the vacant and improve the current executives’ workload. Therefore sustainability is a factor which Hilton should include in deciding which method of recruitment they should practice. Details of the analysis taken from the yield ratio table as follow: I Recruitment Source II year Survival I 175% Sustainability by Recruitment Source from 1996 – 1999 Quality – Recruitment is about identifying and selection process of potential candidates for the human resource requirement of the organization therefore it is also important to identify which recruitment method can pool the best quality candidate. How to cite Hrm Hotel, Papers

Activity Based Costing in an Organization-Free-Sample for Student

Questions: 1.Critically evaluate the consulting groups recommendation of switching the overhead assignment to an activity-based approach. 2.Verify the overhead cost per unit reported by the consulting group using direct labor hours to assign overhead. Compute the per-unit gross margin for each product. Show all workings. 3.Recompute the unit cost of each product using activity-based costing. Compute the per-unit gross margin for each product. Show all workings. 4.With reference to your analysis in (3), what recommendations that addressed the issues in the case would you suggest for South Pacific Chemicals Ltd. management team to consider, while competing in a competitive environment? Answers: 1.The consulting group recommended the firm to use Activity Based Costing (ABC) instead of the traditional costing. The reason that has been cited is that ABC leads to more accurate allocation of the overheads cost which is indeed accurate. In the current costing system, the overhead cost is allocated on the basis of the plantwide rate which is linked to direct labour hours consumed. Clearly, this process undermines the underlying difficulty that is involved in the production of S-17 chemical due to which the overhead cost of this product may be significantly higher. Additionally, the fact that the competitors are able to sell X-14 at lower than the cost of the company further strengthens the rationale to shift to ABC as it might be possible that the overhead costs may be over-allocated to X-14 while under-allocated to S-17. As a result, the customers are willing to buy the same quantity of S-17 even if a 25% hike in prices is put in place by the company. Further, literature review also provides support in favour of ABC as compared to traditional costing systems such as absorption costing. This is because the ABC system involves breaking down the overhead tasks into smaller activities and identifying the respective cost drivers of each of these sub-activities. Further, the activity levels associated with different products is computed so that the allocation of the overheads cost can be carried out accurately (Northington, 2012). This ensures not only better costing of the individual products but also more competitive pricing. Considering the relative performance of the two products for the company, conducting the ABC analysis is indeed a prudent suggestion by the consulting group. A potential downside of the recommendation is the incremental cost associated but considering that the management is looking to shut down production of a product, this is required in order to make a prudent decision (Petty et. al., 2015). 2.Plantwide Overhead Rate Computation The following information has been provided. Total overhead costs incurred in the production of the two chemicals = $ 6,990,000 Total direct labour hours = 250,000 + 22,500 = 272,500 Hence, plantwide overhead rate = 6990000/272500 = $ 25.65 per direct labour hour Direct labour hour per unit computation Production quantity of X-14 = 1,000,000 Production quantity of S-17 = 200,000 Direct labour hours required for X-14 = 250,000 Direct labour hours required for S-17= 22,500 Hence, direct labour hours per unit of X-14 = (250000/1000000) =0.25 hours Also, direct labour hours per unit of S-17 = (22500/200000) = 0.1125 hours Overhead cost per unit computation Overhead cost per unit for X-14 = 0.25*25.65 = $6.41 Overhead cost per unit for S-17 = 0.1125*25.65 = $2.89 Unit Gross Margin Computation Unit selling price of X-14 = $15.93 Unit total cost for X-14 = 6.41 + 4.27 = $10.68 Hence, gross margin per unit for X-14 = 15.93 10.68 = $ 5.25 Unit selling price of S-17 = $12 Unit total cost for S-17 = 2.89 + 3.13 = $6.02 Hence, gross margin per unit for S-17 = 12 6.02 = $ 5.98 3.The respective overhead activities along with their respective cost drivers are identified below. Based on the above cost drivers, the unit cost for each activity has been computed as shown below. Now based on the individual activity level of the two chemicals, the overhead cost would be allocated to the two products. This has been achieved as indicated below (Parrino and Kidwell, 2011). From the table above, it is apparent that total overhead costs allocated to the production of X-14 and S-17 are $3,498,919 and $ 3,491,081 respectively. The total production level of X-14 and S-17 are 1,000,000 kg and 200,000 kg respectively. Hence, per unit overhead cost for X-14 = 3498919/1000000 = $ 3.50 per kg Also, per unit overhead cost for X-14 = 3491081/200000 = $ 17.46 per kg Therefore per unit total cost for X-14 = 3.5 + 4.27 = $7.77 per kg Also, per unit total cost for S-17 = 17.46 + 3.13 = $20.59 per kg Unit Gross Margin for X-14 = 15.93 7.77 = $8.16 Unit Gross Margin for S-17 = 12 20.59 = -$ 8.59 4.Based on the gross margins obtained from ABC system, it is apparent that X-14 is the profit making chemical while S-17 is loss making at the current prices. This aberration is primarily because under the existing system of absorption costing, there is over-allocation of overhead costs to X-14 and under-allocation of the same to S-17. As a result, X-14 is being priced much higher than it should be while S-17 is underpriced. This clearly explains how the competitors are able to provide X-14 at $ 10 per kg. Taking the ABC system into consideration, the South Pacific Chemicals could also match and potentially beat the competitors price thereby making up for the lost ground in terms of market share lost. Further, with regards to S-17, considering the underpricing, it is not surprising that even with a 25% hike, the customers would continue buying. It is recommended that in order to improve the competitive position, the company should reduce the price of X-17 to less than $ 10 per kg whi le enhance the price of S-17 to about $ 25 per kg. References Northington, S. (2011) Finance, 4th ed. New York: Ferguson Parrino, R. and Kidwell, D. (2011) Fundamentals of Corporate Finance, 3rd ed. London: Wiley Publications Petty, JW, Titman, S, Keown, AJ, Martin, P, Martin JD and Burrow, M. (2015), Financial Management: Principles and Applications, 6th ed. Sydney: Pearson Australia,