Influences of economics and marketing on relationships in the global Essay - 1

Influences of economics and marketing on relationships in the global food supply chain - Essay Example The economic policies of the government have opened the economy to foreign direct investment with favorable regulatory structures being laid down for the investors. The government also aimed at integrating the agricultural sector in the global food supply chain with an initiative to support domestic markets. At the same time it encourages the productivity in a buyer driven market. The economic policies developed by the governments provide opportunities for the business houses and supermarkets to increase the supply of food by taking the benefits of the incentives offered by the favorable economic policies. Appropriate marketing strategies were also adopted in order to fight the obstacles of the pressure groups and the roadblocks due to negative publicity. The transition of global food supply chain has occurred as an effect of the increased demand and the economic policies of the government and the marketing strategies of the business houses in order to tap the emerging demand (Lindgr een,  Hingley and  Vanhamme, 2009, p.38). These factors have led to the change of food habits and change in lifestyle of the consumers. Thus the relationships of the global food supply chain have been influenced by the economic role and marketing role of the government and the business houses respectively. Critical review of key literature The relationship of the food supply chain has become an important area of discussion. The underlying forces of economics and marketing have been playing a key role in influencing the relationships between the government, business houses and the consumers or the people. The agricultural sector is the core of food production in any country. The farmers harvest their land to cultivate the crops that are sold in the market. This cultivation of the crops and the marketing distribution channels supply the food required by the consumers. The process of demand and supply of food is now spread all over the world with the rapid functioning of retail sup ermarket chains that cater to customers all over the globe (Clapp, 2013, p.59). In the age of liberalization, the food supply chain has become a global phenomenon and it is not confined to the domestic market. The change in economic policies and economic reforms adopted by the economies towards an open market economy has allowed foreign direct investments in the global food supply chain industry. Thus the agricultural sector and the domestic markets have been exposed to foreign competition which has raised the benchmark of food quality. The consumers or the people have transformed the standards and quality of food demand at par with the standard of exports. Several factors like the rise in population, change in diet and food habits, increase in market competition, rise of prices in the local markets and improvement in food quality have raised the aggregate demand of global food supply chain. The human population is estimated to grow by 35% from 6.85 billion in 2010 to 9.15 billion i n 2050. The spiraling rate of increase in human population and the increase in average income level of the middle class and lower middle class society have led to the increase in global demand of food. In order to contain inflation as a result of the increased global demand of

Project Management Research Paper Example | Topics and Well Written Essays - 1500 words - 1

Project Management - Research Paper Example A project can be considered an endeavor which is temporary with a beginning and an end which is defined. It is usually constrained in terms of resources and time thus it is pursued in order to achieve unique objectives and goals with added value or beneficial change (Heldman, 2011). Thus, project management is tasked with the responsibility of ensuring that all the goals intended for a certain project are achieved. This paper will research comprehensively the significant principles of project management by selecting the aspects of a project that are crucial and discussing them further. It aim is to establish the fact that project management as a discipline is crucial in successfully achieving an organization’s objectives Project Life-Cycle Management and the Benefits of Project Management to an Organization Generally a project life cycle management has four phases which are Initiation, planning, execution and closure (Watt, 2013). 1) Initiation The initiation phase involves de veloping a business case, undertaking a study of feasibility, establishing the charter of the project, appointing the team to undertake the project, setting up an office for the project, and finally performing a phase review. 2) Planning Planning involves creating a plan for the project, coming up with a resource plan, a financial plan, and a quality plan. Coming up with a risk plan, procurement plan, and a communication plan is also done in this phase. 3) Execution This is the phase where deliverables are built. It is also in this phase where the project is controlled and monitored. Here, â€Å"cost management, time management, quality management, risk management, change management, communication management, procurement management, acceptance management, and issue management are performed† (Murch, 2001). 4) Closure Here steps are taken to wind up the project formally. Project Organizations and the Importance of Leadership and Sponsorship From a project management point of vi ew, there are three types of organizations, functional, projectized, and matrix organizations. In functional organizations, the manager is in charge of everything including team members completely. In projectized organization, teams are divided into different projects and when the project is over they move to another one. Finally, matrix organizations are a combination of both functional and projectized types of organization. Both leadership and sponsorship play a vital role in project management. The importance of sponsorship is that it avails all the necessary resources needed in project management ensuring that that the project meets its desired goals. On the other hand, the importance of leadership is that it plays a crucial role of controlling, planning and organizing the resources that have been provided by the sponsors ensuring that they are fully utilized enabling the project management team to realize their goals. Leadership in project management also ensures that a project is sponsored fully since it is tasked with seeking sponsors who are obvious beneficiaries of the project once it is undertaken and completed. Project Team Building and Techniques of Successful Team Building A project team is the group of personnel tasked with undertaking the whole process of the life cycle of project management. They may be each tasked to different processes of the project. There are various factors that should be considered when undertaking project team building. It is important for project leaders to understand the project which is