Summary Essay Example | Topics and Well Written Essays - 1000 words - 16

Summary - Essay Example The ruling families realized that there should be policy change in economic programs to ensure that the countries developed long-term and sustainable economic plans. The international community was involved in promotion of economic status of the GCC states where they advised that a knowledge-based economic policy would be effective in steering the economies rather than relying on oil that was dwindling. Introduction of the knowledge-based economy would ensure expansion and investment in education to build wealth from the human labour and resources instead of relying on the natural resources. President Obama and Angela Merkel delivered speeches on the benefits of the knowledge-based economy over reliance on natural resources. Obama stated that the Islamic countries should begin to increase their investment in education since even the countries that had more natural resources like America had invested in other policies to steer their economies. Angela Merkel on the other hand emphasized on the importance of promoting freedom and innovation from the power of science and human intelligence. Innovation, technological development and invention were es sential for development challenges in 21st century. These speeches revealed the interest which the western countries had on the development of the GCC countries. The Arab countries have adopted the policy and culture of promoting the education in the region by increasing the number of institutions of higher learning at high rate. Since the end of World War II, the number of universities have increased from 10 to 140 in 2000 and later increased up to 260 in 2010. This reveals the interest of leaders to propel their countries in knowledge-based economies. Obama and Merkel stated that the countries in the region should pay tribute to the developments taking place in education especially the universities that have embraced the visions of the Gulf monarchies. Modernization of education

The Dilemma of Starbucks Coffee Company's Expansion in India Case Study

The Dilemma of Starbucks Coffee Company's Expansion in India - Case Study Example According to the research findings, it can, therefore, be said that Indian market operations have also been curtailed by the fact that local competitors have upped their stake in the market share through their own home-made brews such as teas and herbal drinks. The Indian experience has further been marred by recent government regulations such as the applied limits on foreign investors’ total paid-up capital share the company. It’s the pricing strategy of the Starbucks Company that has put it in trouble in India. â€Å"Make every coffee drinker who visits Starbucks leave with a smile by creating unique atmospheres at every location, providing satisfying products, and delivering our high standard of customer service with every cup of coffee.† Starbucks is aspiring to be the most respected and recognized brand in the market. They are keen on expanding quickly in existing and new markets and have created Starbucks Coffee International (SCI) to facilitate this. Inter nal expansion is facilitated by their ability to form joint venture agreements with Starbucks stores outside the United States, the development of new stores in new global markets and working with local companies of high repute. Starbucks has realized that customers are their major asset. They lay great emphasis on creating their locations. Starbucks has realized that increasing profits is one of their major successors in time to come. Starbucks aim is to form relationships with renowned third parties who share their values and maintain high quality. Starbucks is always in the process of experimenting and creating new products and services to satiate their customers. The greater portion of Starbuck’s sales comes from their coffees and Italian-style espresso beverages. Apart from coffee Starbucks also has a wide range of products that includes pastries, coffee-related accessories, sweets, and equipment. They also started selling premium tea at their outlets. The company contin ues to expand its repertoire of products by introducing candy bars and fruit juices that can be found in supermarkets.