Tuesday, December 24, 2019

Social Problems in Thailand - 2244 Words

Social Problems in Thailand World around us today are filled with problems, complications, and dilemmas. People faces problems in everyday life, but problems that people living in the same society face commonly are called social problems. Before discussing social problems in our society, we must first give criteria of how we define social problems. Firstly, the objective condition must be perceived to be a social problem publicly. That is, there must be some public outcry. People must become actively involved in discussing the problem and finding solution to solve the problem. Public attention becomes directed toward that social condition. Second, the condition must involve a gap between social ideals and social reality. That is, the†¦show more content†¦Aside from pleasing customers, and obey the rules set by brothels owners, prostitutes deals with the pressure of being far away from home, health concerns including pregnancy and sometimes guilt. Regardless of the human rights issue concerning prostit ute, the government stressed its actions on the image of the country. But rather than trying to solve or eliminate the problem, they put their effort in covering the problem instead. Other than women prostitution problem, child prostitution is also a growing problem in the country right now. Because there is an apparent increasing demand globally, part of it is driven by the fear of AIDS and the belief that younger sex partners are free of disease. The laws were strengthened by new legislation which significantly increased the penalties for those caught engaging in sex with children. As applied to women prostitution, the law targets customers, procurers, pimps, and owners of brothels as well as parents who sell their children to profiteers. Moreover, foreign nationals are not exempt from Thai law. Those who engage in sexual activity with children are subject to arrest and imprisonment. Poverty is probably the most important factor contributing to the growth of child prostitution. Children offer themselves or, in some cases, are sold for sex in return for money. What is leading to this could be the lack of viable economic opportunities, particularly in rural Show MoreRelatedThe Military Force of Thailand1341 Words   |  5 PagesMalaysia and others, Thailand military forces portrayed a significant concern pertaining to internal turbulence within Thailand. (Simon, 2000, p. 13) This is because, for several decades, since communist aggression and until todays, internal security has become the main core focus of Thailand military forces in the aspects of defence and security of Thailand (Taylor, 2013, p. 12); compared to other aspects such as external defence. Before discussing or deliberating the roles of Thailand military forcesRead MoreThe Economic And Social Development Plan1211 Words   |  5 Pagesthe First National Economic and Social Development Plan began in 1961, emphasis has been on economic development. Natural resources and human capital expanded the production base, employment opportunities and national income. These guidelines were appropriate for and consistent with the country s situation in the early period of national d evelopment because of abundant natural resources and an excess labour supply, especially in the agricultural sector. Thailand s production and exports, thereforeRead MoreStereotypes Against Indian People in Thailand1269 Words   |  5 PagesIndians are the group of people who receive a lot of stereotypes in Thailand. Ranging from public places like shopping centers, parties house, hall way, to university campus, we can notice that many Thai people try to avoid staying close to or interact with Indians. 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Sunday, December 15, 2019

How to Become a Successful Entrepreneur Free Essays

Table of Contents Introduction Generally people think that an entrepreneur is a visionary, somebody with great ideas who is eager to take huge risks. However having a radical innovation from the nothing is overwhelming but very rare. To be successful, it is essential to think differently from the casual thinkers. We will write a custom essay sample on How to Become a Successful Entrepreneur or any similar topic only for you Order Now The aim of this paper is to show how we, a study group of five students could come up with an idea in an entrepreneurial way and go through an elaboration process toward the realization using the theoretical frameworks. In the first part I will describe how my group went through the idea generating process and found the idea of the CPH Bike SOS with the help of the Design Thinking Method. Our multilateral service invention has three pillars, each of them with the aim to answer the question: Where can we get help if we have any problem with our bike when the shops are closed? Living in Copenhagen, we have realized that there is a market gap on the service market of the bike shops. On the other hand, looking at the market segment, we are sure, that there is an unsatisfied need. The second part of the paper will focus on the theoretical framework of the dea. I will define the type of our innovation, after which I will decide about the type of the firm we should start to realize the idea, and then the focus will move to the needed resources and collaborations we need to get the idea off to the market. At the end of my work, I will take a glance on what kind of the type of possibilities we have to be successful in the future and how to develop the idea further. Generating ideas In this chapter I would like to describe our process of generating the idea. It is a really important part of the task we were working on, since it explains how our group ent through a progress from the casual reasoning to the effectual reasoning and so thinking on a more entrepreneurial way. In my team we are five girls, each of us are foreigners here in Denmark, and we have quite different backgrounds. We had some difficulties to find a creative idea to work on. On one hand the problem was the fact that we did not know each other before, so there was an initial phase of trust- building. We had to familiarize with the situation to debate on each other’s ideas. On the other hand, we realised that when we had an idea which was a direct solution to ome problems and so Just the final step of an entire process. So we started the process again and again to get back to thinking â€Å"out of the box†. As point of departure we used the method implemented by IDEO. (Figure 1) : Figure : Design Thinking Model of IDEO (Source of Image) Inspiration – What is the problem? In the inspiration phase, we wanted to find as many ideas as we could, to have a wider range. As mentioned, we did not know each other, and we did not know what could be the common interests, experience or problems. We used the â€Å"Bird In The Hand† Principle to look into the facts what we have right there. As Sarasvathy sums it up, instead of having one solution and finding the way to reach it, we should take a step back and define the means which can lead us to a good opportunity. So the first step was defining the framework in which we are searching for possibilities with the following three questions: â€Å"Who are we? † We started to look through the features which describe us and so along which we can find some problems we all have in common. As long as we are all foreigners, our biggest issues are around living without the familiar things that we were surrounded by every day and getting used to a new way of living. We live here without our families, we had to arrange housing for ourselves, we are getting accustomed to biking every day. On the other hand we are students, spending time on studying, we all have a limited budget, then we are all girls who love fashion, we cook for ourselves, do groceries, we listen to music and go out, etc. Without knowing each other we succeeded to find numerous common topics as a good initial. What do we We study together but our previous education is different. One part of the group studied international business so that part of the group has a more business riented point of view, while the other part of the group has a more design oriented education. Most of us have lived in different countries other than our home country, so we have insight to different systems. We also have working exp erience that helped us in having an insight of the companies. â€Å"Whom do we know? † With this question, as Sarasvathy suggests, we have to define the sources of our knowledge, such as our social and professional networks. When an issue was considered, we defined the relative groups we can have any information from. It is important to take any stakeholder into consideration, as long as good ideas can come rom the most unexpected sources. With all these given means we defined some of the problems, interests and difficulties that we are currently facing in common. In the framework of’s model of Entrepreneurial Thinking – Effectual Reasoning, we defined different issues on the basis of the given means described above, for which there is no satisfying solution on the market. On Figure 2 1 would like to provide some examples to our process of using the method of the â€Å"Bird in the Hand† Principle. Figure : Entrepreneurial thinking – Pool of ideas (Source: Sarasvathy, 2001) At this oint of the idea generation we had to choose one among the several given. To choose one, we started brainstorming whether we have any idea for a solution or not. So this is the second big step of the idea creation in the Design Thinking Model. Ideation – â€Å"How might we solve the problem? As long as we did not want to limit ourselves, we started to search for solution for many problems we have found. From the most unusual till the most ordinary idea, we collected everything, because even bad ideas can be the source of some really good solutions. On Figure 3 1 snow some imagined ends ot the problems. Figure : Using Entrepreneurial Thinking – Effectual Reasoning for creating the idea (source of image: Sarasvathy, 2001) Finally we sticked to the i dea of finding a solution to an everyday problem: Where can we get help if we have any problem with our bike, when the bike shops are closed? We found this problem interesting as long as we all have bikes, and some of us have already experienced how it is when you need some help and nothing is open. Moreover, biking concerns not only us but the major part of the habitants of Copenhagen. According to the Bicycle Account 2012, 75 % of Copenhageners use their bike throughout the year. Another surprising statistics is that 36 % of everyone who studies or works here uses the bike every day. So with a solution to the question above, we can say, that we would reach the major part of the Danish capital. Biking has statistically measured benefits both for us and for the environment. For instance, as the research shows, at present rate 90,000 T of C02 per year saved by cycling in Copenhagen. Then, according to the 56% of the Copenhageners, it is faster than any other way of travelling since we do not stuck in a traffic Jam and we can easily find short-cuts. It is definitely healthier too. But it can cause some inconvenience as well as delays respecting to our schedule, in case of problems. For example what if you get a puncture going back home by night? How to cite How to Become a Successful Entrepreneur, Papers

Saturday, December 7, 2019

Business Economics Principles Market Economies

Question: Describe about the Business Economics Principles for Market Economies. Answer: Gross Domestic Product The Australian economy is one of the biggest mixed market economies globally. The GDP of Australia Comprises of the total market value of all goods and services produced in Australia within a particular period. Generally, the GDP does not take into account depreciation and does not differentiate between the producers of services and goods. However, GDP comprises of only the total value of final products that are produced and sold within a particular period (Gross Domestic Product 2016). For this reason, the inclusion of items such as the purchase of used cars, pensions, and production of meals at home will have significant consequences on the Gross Domestic Product of the country. The Production of Meals At Home Usually, the GDP of a free market economy includes only the products that are sold through the market. As such, it only accounts for the products that consumers are willing to pay prices for the items they consume. For this reason, the GDP often excludes the products that consumers do not pay for. Therefore, the production of meals is usually not included in the calculation and estimation of the GDP of the country. In this regard, the value of outputs that are produced and consumed by households are entirely excluded from the GDP of the country. By and large, the inclusion of the production of meals at home in the calculation of the GDP will have significant effects on the overall GDP of the country. Particularly, the total GDP will be much higher than the actual GDP. Mainly, this is because it would also warrant for the inclusion of other products and services that are sold between households. It is crucial to note that such an increase in GDP will not necessarily indicate economic growth and development in the country. Mainly, this is because there are no substantial increases in the total output of the nation or economic activities but a mere inclusion of household activities (Zorach 2010). Besides, it is very difficult to put values on home services that do not pass through the market, and therefore different values of GDP will be computed in a particular period. Purchase of Used Cars Typically, the calculation of GDP comprises of the total value of products and services that are produced within a given year. Mainly, products that are resold are excluded from the computation of the GDP of Australia. First, this is because the GDP of a country only caters for the products produced within a particular year. Therefore, if the car is produced in one year and sold or resold in another, it is not accounted for in the GDP of the year it is resold. In this regard, including the purchase of used cars in the calculation of Australias GDP will mean that the car is accounted for twice, yet it was only produced once (Janda 2016). As a result, it will increase the current GDP, indicating economic growth and increased production yet this is not the case. It will lead to a false indication of the improvement in economic conditions. Moreover, including the purchase of used cars in the computation of the GDP will result in double counting, thereby leading to an incorrect valuation of the countrys current GDP. As such, before the car is purchased from its original owner, its value was computed and added to the countrys GDP. Therefore, adding the value of the used car again will result in double counting which is incorrect. Besides, such an inclusion will increase the countrys GDP, indicating an increase in production which may not necessarily be the case. Therefore, it is important that the purchase of items be excluded from the calculation of the Gross Domestic Product of a country, or an inappropriately high value will be reported. Pension Pre-funded pension refers to a situation where an employee sets aside a fund in the course of their career. The funds are then invested in by professionals in bonds, stocks, and real estate, among others with the aim that by the time an employee retires the original contributions of the plan will have generated enough to pay benefits for the rest of the employees lifetime (Barr Diamond, 2006). It is noteworthy that pension is not included in the calculation of the GDP. Mainly, this is because they are not treated as payments for goods or services and therefore, do not signify a kind of final demand. Including pension fund in the calculation of the GDP will be a kind of double counting (Pension Spending 2016). Specifically, pension payments are a form of transfer payments that involve the reallocation of money from one individual to another. Also, pension payments do not result in the production of new products or services in a given year. Therefore, unless the recipient of the pension uses the funds to buy goods or services, the pension should not be utilized in the computation of the nations GDP (Nardelli 2015). Including it in the GDP will create a false indication that the country is experiencing economic growth or an increase in the production of goods and services without this necessarily being the case (Pension n.d.). Types of Unemployment Unemployment refers to the phenomenon in an economy where individuals are actively searching for work are unable to find work. Conversely, the unemployment rate is the measure of the prevalence of unemployment within a country. It is measured as a percentage by dividing the total number of unemployed persons with the number of individuals in the labor force. The main types of unemployment include structural, frictional, and seasonal unemployment. Cyclical unemployment Cyclical unemployment is attributed to economic contractions and occurs when the economy experiences downturns in the business cycle. Sometimes, it is referred to as demand-deficient unemployment or Keynesian unemployment. It is imperative to note that this type of unemployment often results from the insufficient aggregate supply in the economy to provide employment opportunities for everyone who is actively looking for work (Diamond 2013). During the economic downturns, demand for goods and services falls significantly, and less production is required. Consequently, fewer employees are required to meet the equilibrium. Source: (Nardelli 2015) Structural Unemployment This type of inflation occurs due to inefficiencies in the labor market. As such, it arises when there is a mismatch of skills required for the available jobs and the skills possessed by workers. Mismatch in skills or geographical location may arise due to occupation immobility, geographical immobility, and technological change. Occupational mobility results when there are jobs available, but the workers do not have the relevant skills to perform the job. On the other hand, geographical mobility occurs where the available jobs are far away from where the unemployed workers live, and it is impossible to relocate to the location of the job. Technological change may result in structural unemployment where the economy goes through changes forcing some industries to decline and reduce production, thereby lay off some workers. A good example of structural unemployment caused by technological change is where an industry fires its employees and replaces them with robots (Amadeo 2016). The workers are forced to retrain for other jobs. It is imperative to note that a prolonged recession in the economy may also lead to structural unemployment. When workers remain unemployed for an extended period, their skills become outdated (Amadeo 2016). Therefore, unless they are willing and able to work at a lower level, unskilled job, they may remain unemployed even after the economy recovers from the recession. (Amadeo 2016). Frictional Unemployment This type of unemployment normally occurs when individuals are searching for work or are transitioning from one job to another. Generally, it arises when workers leave their previous employment and are yet to get new jobs. Notably, frictional unemployment is a natural part of the job search process and only lasts for a short term (Luke 2010). It exists mainly because jobs and workers are heterogeneous, and a discrepancy could result between the characteristics of the demand and supply. Since individuals take time to find the most suitable job for their skills and desires, frictional unemployment is likely to exist within the economy. Classical Unemployment Sometimes, this type of unemployment is referred to as real wage unemployment. Typically, it occurs when wages are kept above the equilibrium level. It is triggered by minimum wage legislations and powerful trade union negotiations that set the minimum wage above the equilibrium wage rate. As a result, there is a surplus supply of labor as more workers are enticed by the new set wages. On the other hand, firms are unable to meet the new minimum wage requirements and decide to lay off some workers. Eventually, this leads to real wage unemployment as wages are sticky downwards (Amadeo 2016). Source: (Amadeo 2016) Voluntary Unemployment Voluntary unemployment occurs when individuals are able and capable of finding work at the prevailing economic conditions but choose not to work. Often, this is ascribed to the view that individuals prefer to wait for jobs that offer a higher wage rate or jobs that match a particular standard that they have set for themselves. When the wage rates are unusually low, the unemployed may have little incentive to enter the job market (Unemployment Types 2010). Seasonal Unemployment Seasonal unemployment arises due to the seasonality of some industries. It is a form of natural unemployment that results from regular changes in the season of business. Industries that may be affected by seasonal unemployment include ice cream vendors, ski instructors or tourism and resort workers (Mortimer 2014). Also, agricultural industries experience seasonal unemployment between the planting and harvesting seasons. Similarly, construction workers are left unemployed during winter in countries that experience winter. Is structural unemployment more or less serious than cyclical unemployment? In most cases, permanent jumps in the rate of unemployment are associated with structural unemployment. Many economists argue that while cyclical unemployment result from rises and falls in the business cycle, structural unemployment persists for long, even when the economy is experiencing substantial economic growth and development (Burtless 2012). Once structural unemployment is embedded in the economy, it is almost impossible to get rid of it (Burtless 2012). Over time, the traditional remedies for unemployment become less effective. For this reason, structural unemployment is more severe than cyclical unemployment. Reference List Amadeo, K 2016, 9 Types of Unemployment [Online] Available from: https://www.thebalance.com/types-of-unemployment-3305522 [Accessed 25 Oct. 2016]. Australian Government Department of Human Services, Age pension. [Online] Available from: https://www.humanservices.gov.au/customer/serives/centrelink/age-pension [Accessed 25 Oct. 2016]. Barr, N and Diamond P, 2006, The economics of pensions, vol. 22, no. 1, pp. 4-16 Available from: https://economics.mit.edu/files/1751 [Accessed 25 Oct. 2016]. Burtless, G 2012, High unemployment: Cyclical or Structural? [Online] Available from: https://www.bookings.edu/opinions/high-unemployment-cyclical-or-structural/ [Accessed 25 Oct. 2016]. Diamond, P, 2013, Cyclical Unemployment and Structural Unemployment. [Online] National Bureau of Economics Research Working Paper 18761. Available from: https:/www.nber.org/papers/w18761 [Accessed 25 Oct. 2016]. Economy Watch, 2010, Unemployment Types [Online] Available from: https://www.economywatch.com/unemployment/types/ [Accessed 25 Oct. 2016]. Econport, 2016, Types of Unemployment [Online] Available from: https://www.econport.org/content/handbook/Unemployment/Types.html [Accessed 25 Oct. 2016]. Janda, M, 2016, GDP: Australian economy grows 3.3pc over past year on secret fiscal stimulus [Online] Available from: abc.net.au/news/2016-09-07/gdp-economic-growth-data-abs-june-quarter/7822286 [Accessed 25 Oct. 2016]. Luke, J, 2010, Frictional, structural, Cyclical Unemployment defined. [Online] Available from: https:/www.google.com/amp/s/econproph.com/2010/08/17/frictional-structural-cyclical-nemployment-defined/amp/ [Accessed 25 Oct. 2016]. Mortimer, R 2014, Seasonal unemployment explained. [Online] Available from:www.romeconomics.com/seasonal-unemployment-explained/ [Accessed 25 Oct. 2016]. Nardelli, A 2015, Unsustainable futures? The Greek pensions dilemma explained [Online] Available from: https://www.theguardian.com/business/2015/jun/15/unsustainable-futures-greece-pensions-dilemma-explained-financial-crisis-default-eurozone [Accessed 25 Oct. 2016]. OECD, 2016, Pension spending [Online] Available from: https://data.oecd.org/socialexp/pension-spending.htm [Accessed 25 Oct. 2016]. Parliament of Australia, 2016, Gross domestic product [Online] Available from: https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/MSB/feature/FeatureGDP [Accessed 25 Oct. 2016]. Zorach, A 2010, Why GDP (Gross Domestic Product) is a Poor Measure of Wealth and Prosperity [Online] Available from: https://zorach.wordpress.com/2010/08/27/why-gdp-gross-domestic-product-is-a-poor-measure-of-wealth-and-prosperity/ [Accessed 25 Oct. 2016].