Thursday, October 31, 2019

Integrated Case Assessment PowerPoint Presentation

Integrated Case Assessment - PowerPoint Presentation Example Strategies can be on different fronts and thus makes it important for the individual plans to be analyzed and verified accordingly before they are rolled out. The company should consider outlining strategies for every department within the organization as a means of enhancing efficiency. To this end, priority should be a factor to consider while outlining the individual strategies. Consequently, it is critical to point out that not all strategies can work for the good of the company. The strategies that have been employed by the company have been a success only to some extent. In fact, there is a need to revise the individual strategies so that a working plan can be enhanced. Strategies in the finance, operations, marketing and human resource departments have not been much of a success. Disharmony in the various departments has been experienced to the extent that synergy has been elusive. The strategies employed before in the respective departments did not take into consideration the need for all the departments to function as though they were one. Profitability has been affected to a large extent by the lack of coordination within the various departments. To this end, there has been a need to have the activities of the company work in harmony to ensure that efficiency and profitability are enhanced. To this end, there has been a need to revise the respective strategies for various departments. The department of finance should be strategically placed at a point of reference with respect to the policies that are drafted. Virtually all operations in the company depend on the resources. It is, therefore, critical for the company to include the finance department in every strategy for the purpose of aligning the company’s budget with other operations. In this strategic report, it is my prayer that we continue to position the finance department as a major driving force of the company as

Tuesday, October 29, 2019

Article analysis Essay Example | Topics and Well Written Essays - 2000 words

Article analysis - Essay Example The internationalization process helps in development and applicability of the internationalization process theory to the several marketing operations (Conconi, Sapir, and Zanardi, 2013). For example, the gradual internationalization process inspires the organization to enter markets, which have an impact of the economic, social and cultural similarities with the growing domestic and international markets. The study will deal with the various dimensional aspects of internationalization and its effect on the business activities (Birnik and Bowman, 2007). The author of the study will also highlight the various facets of strategies that help in the development of emerging markets. Finally, the study will conclude the impact of emerging markets on the developed and developing economy for the success of the organization and the economy itself. Emerging Markets of Developed & Developing Economy The gradual internationalization process requires exploration of the market with several opportu nities and more or less with equitable similarities. This process also helps in addressing the risks associated with innovative capability and also the perceived risks associated with foreign market entry. There are usually various dimensions to the market entry which increases with the foreign entry modes, and the dimensions include resource commitment and order of market entry. Gradual internationalization requires less resource commitment such as exporting right from the beginning of the market entry and then transfer into other entry modes. Resource commitment requires emphasis on the perceived risk associated with each of the market entry modes (Cai, 2000). The second dimension is the order of market entry modes, which lays emphasis on an organization trying to enter into domestic markets and then expanding into international markets. This order of entry is also known as psychic distance on the internationalization theory. Emerging markets have been regarded as the attractive s ource and target market for further operation and expansion of the base activities. These emerging markets have been regarded as the base of manufacturing activities due to their easy availability, high quality and cheap labor and easy-to-assemble raw materials. The multinational corporation has expanded by opening several units worldwide. It has been observed that Internet organizations expand on a global scale for reduction in deviation methods and errors in their distribution system (Gustafson, 2011). The Internet organization has expanded a larger scale for wider operations and also increases in their outcome for various purposes. Internationalization Process Theory The concept of internationalization process was formulated by Johanson and Wiedersheim-Paul and was modified gradually by other authors. The internationalization process differs marginally between policy formulations and status quo. This process also helps in conceptualizing the international marketing theory in a di fferent way, which is often termed as an entrepreneurial fact (Shirani, 2009). The major objectives of the internationalization process is access to low cost production, proximity to suppliers, availability of technical and non-technical skills, reducing competition, energy, etc. (Kim, 2003). The internationalization process also helps in understanding the entry mode strategies and developing a market entry mode for the company accordingly. Internationaliza

Sunday, October 27, 2019

Impact of World Trade Organization (WTO) Policies

Impact of World Trade Organization (WTO) Policies World trade organization (WTO): Introduction: World exchange transactions designed for understandings and settlements for exchange liberalization have been occurring persistently since 1986, with the initiation of the Uruguay Round of transactions in the schema of the General Agreement on Tariffs and Trade (GATT), which turned into the World Trade Organization (WTO) in 1995. Since the establishing of the WTO the transactions have been highlighted by an arrangement of ecclesiastical gatherings where real choices are to be made by the most abnormal amount of government authorities. Some of these gatherings have been disappointments all alone terms— practically as regularly as they have been effective. Contrasts over the regulation of horticultural exchange whats more homestead endowments assumed focal parts in the most broadcasted of the disappointments, in Seattle in 1999 and in Cancun, Mexico, in 2003. Verifiable setting At the point when inspecting issues behind this worldwide contention, it is vital to comprehend the verifiable connection of exchange liberalization. World financial history has long been described by cycles—or pendulum swings—between more liberated exchange and protectionism. Swings to exchange liberalization are frequently alluded to as financial incorporation— as in coordinating the economies of Canada, the US and Mexico through NAFTA—and the latest swing has been named financial globalization. It would be wrong to assume that incorporation and globalization have never happened some time recently. The most clear authentic illustration is that of European frontiers, in which the economies of the states were incorporated into the undeniably worldwide economies of Europe Structural Adjustment: Forerunner to Trade Agreements The South required obligation rebuilding and the North needed more noteworthy access to Southern markets. The arrangement was obligation rebuilding molded upon the selection of Structural Adjustment Packages (Saps) by Southern governments. A focal peculiarity of these Saps was exchange liberalization including the slicing of imports levies and portions, steep cuts in residential endowments, and begin of no matter how you look at it privatization of state administrations and services. From the GATT to the Uruguay Round and the WTO An arrangement of exchange talks which kept going from 1986 to 1994, and that extended the tenets of worldwide exchange to cover administrations and protected innovation. An exchange round is the name given to arrangement of arrangements where nations attempt to achieve concessions to exchange issue, for example, levy diminishment. The World Exchange Organization (WTO) was made as one of the understandings of the Uruguay Round. The WTO started life in 1995 as another worldwide trade organization, changing the GATT into a more enforceable worldwide exchange code focused around an arrangement of approvals for rebelliousness. The expressed goals of the world trade organization incorporate raising expectations for everyday comforts, guaranteeing full job and a vast and relentlessly becoming volume of genuine wage and viable request, and growing the generation of and exchange merchandise and administrations, in different words, financial improvement focused around the business. This impli es that WTO understandings are intended to bring free market standards into worldwide exchange, through two fundamental components: 1) decreasing exchange boundaries, and 2) applying nondiscriminatory standards. One other imperative guideline, from a certain point of view, is attention for creating nations. Current Status of the WTO Negotiations After the disappointment of the Cancun clerical gathering, arrangements on rural exchange and sponsorships moved in two different bearings. From one perspective, both the U’s whats more the EU hurried to arrange and now and again sign local and respective organized commerce assertions. These incorporated the signings and arrangements between the U’s whats more Central America (CAFTA), the Andean area, the Middle East, Australia, Africa and others, including the stalled arrangements for the Western Hemisphere (FTAA), (Q.A 2003) what’s more between the EU and Latin America, EU extension, and respective negotiations. (Becker, Elizabeth. 2004a) Then again, the US and the EU have escalated their endeavors to concur on another skeleton for WTO arrangements post-Cancun. This took the type of transactions on the alleged July skeleton that closed in Geneva on August 1, 2004. Eyewitnesses noted overwhelming weight strategies by the U’s whats more 6. The key issues in present exchange arrangements 6.1. Grocery Access This is an issue for both Northern and Southern governments. As we saw in the chronicled audit above, access to Southern nation markets for U’s furthermore European Union (EU) fares was a key inspiration first for Saps and later for exchange transactions. Then again, the asymmetry by which Northern nations right now depend on a scope of non-exchange boundaries (Ntbs) to offer more noteworthy assurance to their home markets than Southern nations are allowed for theirs, has transformed business sector access to Northern markets, for Southern fares, into a focal revitalizing cry of the present round of transactions. This was one of the key focuses of accord that united the purported G-20 which incorporated various vast Southern agro export forces like Brazil, China, South Africa and India—in their hindering of new assertions in Cancun. 6.2. Local Subsidies Domestic sponsorships are government installments and administrations to ranchers and agribusinesses, and are off and on again mistaken for residential helps, with is a more extensive classification that additionally incorporates instruments to help crop whats more animal’s costs, in the same way as import duties and standards, and value helps. While the U’s whats more EU formally underwrite slicing appropriations, in practice they have been extremely hesitant to do along these lines, and have regularly depended on what faultfinders and Southern governments see as camouflaging exchange bending appropriations as non-exchange contorting ones. Consequently the endowment issue has assumed a key part in numerous fizzled exchange summits. Agriculturist associations, then again, and numerous exchange economists, see the sponsorship issue in an unexpected way. They indicate studies demonstrating that regardless of the fact that all Northern exchange contorting appropriations we re uprooted tomorrow, unnecessarily low yield also domesticated animals costs would even now plague worldwide merchandise markets Send out Subsidies This is an alternate significant bone of controversy, however one in which evident U’s also EU concessions as of late help re-begin stalled WTO arrangements. As per WTO rationale, these countries, particularly the EU, have huge appropriations for exporters (to a great extent agribusinesses and not ranchers), which are intensely exchange mutilating. The US has since quite a while ago utilized fare credits excluded in the WTOs specialized meaning of fare appropriations to sidestep the fare sponsorship issue and point the finger at the EU 7. Dumping and Subsidies: Unraveling the Confusion Dumping is what is driving a great many agriculturists off the area all through the Third World also into urban slums and global transient streams. It causes the low product costs that make gaining a work off the area progressively impossible.( Bullard, Nicola. 2004). It is likewise unlawful under settled global guidelines. Yet due to the way these principles are composed, they are basically unenforceable when the complainant is a poor nation. First and foremost, nations must have residential enactment that makes dumping illicit. Numerous creating nations dont have such enactment. Second, the organizations (or ranchers) influenced must take after that residential law, which normally intimates indicating damage to the segment all in all an overwhelming test when the segment is involved a million or more smallholders. While dumping is actually the most obvious issue of the current global exchange administration in ranch items, the media keeps on focusing on US and EU appropriations. Th e disarray over sponsorships and dumping has deliberately or unintentionally reached out to the Cairns gathering countries, by the G-20 arranging coalition, and by elements and individuals as various as the World Bank, Oxfam, Jacques Diouf of FAO, Kofi Annan (leader of the UN), the Wall Street Journal, and heading standard economists.( de Grassi, Aaron, and Peter Rosset) 8. Elective Paradigms Two noteworthy options to the rural liberalization ideal model have been put forward, both with noteworthy effects. These are: 8.1. Multi functionality According to this concept, ( Grain, 2004)agribusiness is not pretty much creating tradable wares, yet rather has different capacities in the public eye. It is additionally about saving scenes and securing homestead vocations and country conventions, and it is about nourishment security, and in this manner merits uncommon attention in exchange assertions, as per the defenders of this concept.( Green, Duncan. 2003) Multi functionality was initially championed by the EU, to some extent as an approach to support keeping up endowments for European ranchers. The EU looked for a partnership with the Third World countries on this idea, yet the U’s furthermore Cairns Group (a coalition of real agro exporting nations) effectively contended that the EU was liable of guarding its own particular ranchers while sponsoring fares that undercut agriculturists somewhere else, consequently blocking backing for this idea from Southern countries. 8.2. Sustenance Sovereignty The idea has picked up huge prevalence and reverberate in common society divisions of countries both North and South, and has been created into a comprehensive and inside intelligible option framework. (Hayenga, M. and R. Wisner, 2000) Like the idea of multi functionality, it is focused around the extraordinary nature of horticulture (as contrasted with industry, for instance). Sustenance Sovereignty advocates contend that nourishment and cultivating are about more than exchange, and that generation for neighborhood and national markets is more imperative than generation for fare from the points of view of: wide based whats more comprehensive nearby and national financial advancement, and for tending to destitution and appetite, safeguarding country life, economies and situations, and overseeing common assets in a manageable manner. They contend that each nation and individuals must have the right and the capacity to characterize their own nourishment, cultivating, and farming approa ches that they have to have the right to secure residential markets, and to have open segment plan for agribusiness that may incorporate sponsorships which dont prompt more prominent generation, fares, dumping and harm to different nations. 9. Arrangement Alternatives for a Different Agriculture Provides each one of us with sufficient, moderate, sound, heavenly and socially fitting nourishment. Offers provincial people groups in each of our nations the opportunity for an existence with poise, in which they gain a living pay for their work and have the opportunity to stay in provincial regions on the off chance that they favor not to relocate to urban areas. Contributes to expansive based, comprehensive financial improvement at the nearby, territorial furthermore national level. Provincial people groups are more being constrained by monetary need to surrender the area also look for their fortune in peri-urban slums and shanty towns, or join the worldwide transient stream. Rustic economies are in a condition of monetary breakdown, from Iowa to Africa, and horticulture helps ever less to neighborhood, local and national monetary improvement. Provincial situations are by and large quickly debased, soils compacted, dissolved and harmed with pesticides, and stripped of biodiversity 10. Business sector Access and Protection: Stop Dumping At the point when poorer nations are obliged to give more outside access to their residential markets than wealthier nations accommodate them, most eyewitnesses consider the framework unequal furthermore uncalled for. When they open their business sectors they get to be defenseless to dumping. Most performing artists appear to concur, at any rate logically, that closure dumping ought to be an objective of universal transactions in agriculture. First, we have to dispense with obvious and concealed fare endowments as fast as could reasonably be expected, despite the fact that that is not as simple as it sounds. In principle this is settled upon even by governments in the WTO, while in practice there are horde ways these endowments are masked and hidden. Second, in light of the fact that full consistence is farfetched, all nations must be allowed a wide scope of choices to ensure themselves from dumping. For instance, all nations ought to be permitted to force countervailing obligations or take other defensive measures if agrarian fares from different nations are consistently dumped at short of what expense of generation costs. 11. Supply Management: Regulate Overproduction Ceaseless worldwide over-creation is a commonly fortifying, descending winding for the worlds agriculturists, as they battle to create more to make up for lower and lower costs, matched against the ever higher generation expenses of the mechanical cultivating model. A generally little number of agro export forces, headed by the U’s also EU, are in charge of the greater part of the over-production. The first is to reestablish enhanced creation restricting approaches for key harvests in the US and the EU. The main demonstrated approaches to diminish creation in the North are generation shares and taking land out of creation, while reinstituting open administration of surpluses—for people in general great and costs. There must be some kind of instrument which keeps agribusiness from seizing powerful, regardless of the fact that aberrant, control of the surpluses, and which includes both government and family cultivate delegates in arranging and choice 12. Potential Stumbling Blocks As Tim Wise has said (Nadal, Alejandro, 2004) these measures face numerous deterrents, most prominently the deliberate resistance of the compelling companies and their legislature associates that right now profit most from the worldwide exchanging framework in farming. Yet these recommendations offer a number of advantages that make them at any rate as conceivable as the thought that we could truly wipe out Northern homestead appropriations. As a matter of first importance, these option recommendations make characteristic associates of rancher and laborer bunches as far and wide as possible, North and South, East and West, as has been sufficiently exhibited by Through Compazine. They additionally lay the introductory foundation for more extensive coalitions and unions inside national and worldwide common society. They could give a shared opinion to numerous Third World and G-10 administrations, were it conceivable to wean them from agribusiness and agro export impacts. They encroach less on national sway, permitting nations to pick the measures they lean toward for the nourishment and cultivating frameworks they need, the length of such approaches dont prompt fare dumping, and they could be a great deal less expensive regarding citizen dollars used on ranch appropriations, with much better conclusions for the greater part of society. 13. 2003—the WTO Cancun Ministerial Yet the Cancun WTO Ministerial broken down much the same as Seattle, again faltering over farming and again checked by enormous road challenges and the immolation toward oneself at the blockades of Korean ranch pioneer Mr. Lee Kyung-Hae. (Patel, Raj, and Sanaz Memarsadeghi, 2003). Cancun likewise denoted the rise of new Southern nation arranging alliances, most broadly the G-20 gathering of nations with extensive agro export potential, and the G-33 and G-90 alliances of less capable Underdeveloped countries 14. WTO Agricultural Negotiations in Geneva Brussels Washington, July 22, 2004. The current drive to achieve concurrence on farming issues at the World Trade Organization (WTO) ought to be brought to an end. The WTO General Council is gathering in Geneva, beginning July 27th, to talk about a skeleton on farming that is totally unsuitable. We propose another EU farming arrangement, another US Farm Bill, and new global exchange controls, all focused around nourishment power and manageable family cultivating. The European Union and the United States must put an end to the cheat they have been forcing on other WTO parts since the Uruguay Round of the GATT in 1994. Propping up the US and EU farming frameworks with gigantic measures of immediate installments re-ordered as green box or blue box installments fizzles wretchedly in covering the guile of the EU, US and the multinational agribusiness partnerships that advantage from purchasing low-estimated things. The cases by these companies that shoddy products advantage shoppers is m isrepresented by their steadily expanding net revenues, the demolition of neighborhood nourishment frameworks, and becoming populaces of undernourished residence. References: A, Q. (2003).EU farm reform. BBC: British Broadcasting Service. Elizabeth, B. (2004).â€Å"WTO rules against US on cotton subsidies. The New York Times. Nicola, B. (2004).G20: Their power is not ours. Focus on the Global South. Focus Web. NFFC, C. (2004).WTO Agricultural Negotiations in Geneva A joint statement by the European Farmers Coordination (CPE) and the National Family Farm Coalition: USA (NFFC. Grassi, d. and Rosset, p. (2014).Forthcoming. A New Green Revolution for Africa? Myths and Realities of Agriculture, Technology and Development. Oakland: Food First Books. The disease of the day: Acute treatyitis. The Myths and Consequences of free trade agreements with the US. GRAIN,. (2004). us. Duncan. G. (2003). The Cancun WTO ministerial meeting: A view from the sidelines. Trade Hot Topics Commonwealth. M, H. and Wisner, R. (2000). Cargills Acquisition of Continental Grains Grain Merchandising Business.Review of Agricultural Economics, 1(22), pp.252/266. Alejandro, N. (2004).Ser vago en la OMC. La Jornada. Mwxico. Memarsadeghi, S. (2003).Agricultural restructuring and concentration in the United States: Who wins? Who loses? Institute for Food and Development Policy (Food First), Policy Brief No. 6..

Friday, October 25, 2019

Crash by Jerry Spinelli :: Jerry Spinelli Crash

Crash by Jerry Spinelli   Ã‚  Ã‚  Ã‚  Ã‚  Setting: This book starts out in this kids house his name is crash. Then they go to the arcade. That is where they spend most of the story. Then close to the end they go to the riverside.   Ã‚  Ã‚  Ã‚  Ã‚  Main Character: Crash he is the only one mentioned in this whole book. He is the main main character. He is tall has blonde hair, brown eyes, and has glasses. He has a funny personality. He just wants to have fun. On the outside he is a weird, tall, skinny guy on the outside but a lost, hopeless, scared boy on the inside.   Ã‚  Ã‚  Ã‚  Ã‚  Winnie is the girl that Crash likes loves dearly. She never paid much attention to Crash though. She has dirty blonde hair, really pretty blue eyes and, and is really funny.  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚   Plot Summary: This is a story about a kid named Crash. When he was four he met this boy named James but that was all that was told about him so I didn’t put his name in the character list because he wasn’t all that important. He and Crash got into a lot of trouble at their house I mean a lot so one day when they were 12 and 13 Crash’s mother kicked him and his friend James out to go to the arcade. There they met this girl Winnie that crash liked I mean loved dearly but, she never really realized him until that day when they went to the arcade.   Ã‚  Ã‚  Ã‚  Ã‚  There he got into this big fight with the a big strong guy named Biff that was all said about him too. The guy Biff was Winnie’s really greedy boyfriend which she was only going out with because he threatened to kill her friends. That day Crash accidentally bumped into Biff and said excuse me and Biff punched him he then kicked Biff in the face since he knew karate then Biff fell to the ground and chased him until Crash jumped over James on to a game and did a back flip kicking Biff in the face again and knocking him out.   Ã‚  Ã‚  Ã‚  Ã‚  After that Winnie was amazed and fell deeply in love with Crash. For being the only person to stand up to Biff and saved her from him. After that whole big incident at the arcade they were kicked out so he, James, James’s girlfriend, and Winnie all went to the river side.

Thursday, October 24, 2019

Scholarly Voice And Writing

Some people are aloof to read scholarly articles for the fear of not understanding them. They have this connotation that since the articles are written by those masters in the subject, they could not easily relate to them. Obviously, this notion about scholarly articles does not favor both the readers and the writers. While the readers will continue to elude such kind of writing, the writers on one hand will be limited in proliferating their messages. How could this scenario be avoided? Perhaps it is good to start in solving the problem about the misconceptions of scholarly writing. The writers of these articles could probably hold several degrees in their fields, but it does not mean that what they write are being understood only by those who are also in their same fields. At this point, the role of effective scholarly writing takes place. It is now the responsibility of the writers to convey their message using the most appropriate and effective manner of scholarly writing. What then are the criteria for effective scholarly writing and how does one achieve it? Effective scholarly writing could be best described as having an effective scholarly voice. What then is a scholarly voice? Scholarly voice is simply described as the voice that reflects one’s cognition about a topic. A person having a scholarly voice represents his full grasp on his subject. Because his audience could not see him, the way he wrote will define his voice. His writing is his own voice. Therefore, it is important to know how to have an effective scholarly writing. Scholarly writing is a kind of writing characterized by clarity, conciseness, and precision in words. By clarity it means that the writer should be able to express all of his thoughts in a clear, understandable manner. This could be achieved by following some tips. For example, relying on grammar, spelling, and writing style manuals would add to the clarity of the message. Being concise, on the other hand, could be achieved through giving the readers a comprehensive message. With comprehensiveness, it means that the message should not only be complete, but should reflect objectivity as well. A scholarly writing is based on solid evidence. Finally, preciseness in the use of words means appropriateness in language choice. As Professor Lilburn Hoehn has said, â€Å"Figure out what you want to say and just say it†. An effective scholarly writing is direct to the point and free from wordiness or puffery. Although there are criteria for effective scholarly writing, sometimes outside factors may affect a writer in his writing. One of these is the intended audience. A writer should be sensitive to the basic information about his intended audience—its demographics, its personality, and most importantly, its expectations and needs. As a scholar writer, one should know that his intended audience is mostly comprised of people of his same level of mastery. His writing should be strongly based on evidence because his intended audience is composed of critical and rational thinkers. Thus, the writer should know what he is writing about. It should be true and should matter to his audience. Having described effective scholarly voice and writing, it is now better for me to assess myself. I believe that one of my greatest assets is my keen sense for objectivity. Because of this, I am sure that I will be able to exude one of most important characteristics of effective scholarly writing—objectivity. However, I also believe that one of my weaknesses is being wordy with my writing. Knowing that my intended audience, I should try to eliminate this weakness and convert it to an asset. To do this, I believe that I should expose myself more to samples of scholarly writings. More importantly, practicing my writing skill is the best way to gain my goal. Gaining the skills to write a scholarly article using a scholarly voice seems to be a task hard to attain. While most people are accustomed writing and using layman’s terms, it is still not a valid excuse to elude from learning how to write in a scholarly manner. One should really have the determination to learn the principles of scholarly writing.

Wednesday, October 23, 2019

Explain what is work force planning and what are the steps that involve in work force planning Essay

Work force planning is a continuous process and one of the important activities in an organization. The work force planning process starts by analyzing the company’s strategy. The result of this analysis is then taken to forecast the required demand for labor and how this is likely to be supported. Thereafter the human resource plan would be implemented which aims to deliver the right number, the right people for the business. There are 8 steps that are followed in work force planning; 1. Work force planning- Where, when and how many people are going to be needed. A company would gain many advantages if it acts strategically, proactively, correctly and efficiently. Also by thinking how it affects the strategy of the organization. For Ex: some companies in USA do not think in strategic manner. They will just meet up in a bar and just discuss how many people are required without thinking much ahead. This would lead to failure. 2. Candidate profiling- This means who do we need, what is the profile of that person that we are looking for, what should be the competency, what are the soft skills or hard skills that the company is looking at of a person etc. This comes through the process of bench marking, profiling, work of science. The company also has to really understand the position of the company, and what advantages it gives the company. It also involves predicting the person’s success in doing the job. 3. Employ branding- It involves the organization culture, which has things like how do we speak to our candidates, how we look after them, how do we brand ourselves etc. This is part of the strategic process of the organization. It matters as to how our organization differs from other company brandings how do we compete with them by this branding etc. 4. Source the Candidate- Most companies don’t source the right candidate. They don’t use the right way, or don’t brain the right people. As a result the wrong, candidate would remain in the organization and it becomes a burden to others and the department. Sourcing means how does a company go to the market and do the sourcing of candidates and how do they define it, company’s approach of doing it. How does the company strategically go to the market, consistently over time, where when the company needs it, ensuring that all the potential candidates that has the skill background the company is looking for is been approached. 5. Screening and Assessing –screening is looking at the hard skills and assessment is looking at the soft skills. 6. Selection- This is processes of bring down the number 100,200 odd applicants to a small number by assessing through different demarcations. A methodology should be outlined in doing so. 7. Retention- after hiring them how do we keep them. The best talent acquisition strategy, the talent management strategy is to grow people. Ex: onboarding/ orientation process, 360 degree review, training initiatives, career path, career development, exit interviews, leadership development strategy, work place study strategy, are the components of what we look at after hiring somebody to keep them engaged and to make them part of the organization. 8. Technology- HRIS, time attendance, background checks etc to make that process automated. This should be given least HR time, as much attention should be given to people aspect as this can operate fully outmodedly.