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Moreover,We Can Make Top Quality Women Nike Free Run 4.0 V2 Dark Obsidian Silver Soar Blue Quilted Save Money On Millions Of Top Products At Low Price With a sticker price of up to $1.6 million, MRI machines were not affordable across much of the developing world in 2007. After all, household incomes are considerably lower than in developed countries, and in India, for example, there is no formal health insurance system to compensate providers for MRI exams. Indian physicians charge about $150 for an MRI procedure, compared to $1,000 and up in the United States.
Yet, the Indian market (and others throughout the developing world) is enormous and the demand is real. But a scaled down, low quality MRI unit was out of the question for GE Healthcare. For one thing, Indian physicians know the state of the art of western technology. attend conferences here, they have family here, says Jim Davis, vice president and general manager of GE Healthcare Magnetic Resonance business, who is based in the United States. of them trained here. Besides, he says, are on a mission to provide quality care in all markets. A human being is a human being. We don want to discriminate. GE Healthcare began development of the Brivo 355 and its sister product, the Optima 360, MRI machines for technicians using the technology for the first time. Designed, developed, and built in India and China, the machines don compromise quality but do have an easier to read user interface and are easy to operate by technicians who may lack the degree of training they would receive in the developed world. Davis calls them right machines for emerging markets. And at $700,000 to $900,000, they are the right price. GE Healthcare strategy is a departure from the traditional model where no frills products that were built for the developing world stayed in the developing world.
Lower cost, stripped down products that can be sold both in high growth and slow growth markets are one example of how companies are addressing new normal a two speed world with two types of markets, each with different characteristics. On the one hand are the high growth economies such as China, India, and Brazil. With growth rates of 8% to 12% and some 2.6 billion people, these markets are hard to ignore, despite their low average household incomes. and Western Europe, for example with growth rates ranging from 1% to 4%, but relatively high average household incomes.
In this article, experts from Wharton and The Boston Consulting Group (BCG) consider some of the key challenges that global manufacturers face as they attempt to synchronize their worldwide operations to meet the needs of these two very different markets.
To grow, multinationals from the slow speed, developed economies must target fast growing, emerging markets. But to compete against local companies, they need to drive out costs, sharply improve quality or both. In these high growth markets, the challenge for manufacturers is to maintain flexibility and responsiveness while keeping costs down.
Whether competing in high growth or slow growth markets, companies need lean products and systems, contends BCG partner and managing director Hal Sirkin. the slow growth world, you need low costs and the ability to respond quickly to customer needs, he says. in the high speed world, you need to be lean to lower your costs, customize products for emerging segments and create the capacity to grow. Companies that cut out waste through lean products and systems have lower costs and are more responsive, with shorter cycle times and higher quality.
Benjamin Pinney, a principal in BCG Shanghai office, says that some manufacturers from the slow growth world are responding to market demand in emerging economies by defining a shared platform for production of high end and low end products, often at the same facility. Typically, the high end gets shipped to slow growth Western markets and the low end to high growth, emerging markets. But production can start at the same factory even on the same assembly line with components common to both models. The specifics change by industry and market, says Pinney. automobiles, the common components can be subassemblies or the partly completed chassis. In pharma, it the intermediate chemicals. With assembled goods like mobile phones, it can be partially kitted parts. With electrical equipment, it can be mechanical components for switchgears. all the automotive manufacturers are doing this, notes Pinney. In med tech, many companies are leveraging models for sales aimed at both worlds. Bicycle manufacturers are doing it too, and in the appliance sector, LG is producing frost free and non frost free refrigerators the former for low speed countries, the latter for high speed. But it not simply a matter of making more or different drugs in their current plants for shipment to these emerging economies. Instead, global pharma companies are searching for new ways to organize their go to market model in the new, two speed world.
One challenge is how to reconstruct their networks to serve the local markets. and Russia require that pharma companies have local manufacturing operations to access the market, says Farber. several countries, governments say it is critical to the public health and wellness or to create jobs. So, in addition to knowledge of local customs and culture, drug makers and other manufacturers need to steep themselves in the relevant laws. In some countries, a global producer is not allowed to manufacture unless it brings on a local partner. global model, says Farber, more languages, more rules, and different duty, tax and patent issues a new level of complexity that has to be managed.
Considering the degree of localization required, bringing a local partner on board might be a good idea even if the law didn require it. a local, act global thing, notes Farber. are regulatory, packaging, and cultural differences. You need to understand local markets and how distribution works. Of course, this has been true all along for multinationals seeking to capitalize on low labor costs by manufacturing in developing nations. But it even more important now that these emerging economies are not just manufacturing hubs but real growth markets and now that there a greater number of small, local companies to compete against.
Marshall L. Fisher, a Wharton professor of operations and information management, agrees that what new is that these emerging economies are becoming attractive markets, not just manufacturing bases. emergence of consumer markets is interesting, says Fisher, noting that one of the missions of the Communist Party in China is to develop the country internal economy. think people are saving too much money. has, China has the reverse. The Chinese government desire to grow the internal economy and increase the percentage of income that people spend in China creates opportunities for non Chinese companies to make inroads there. such as Nike, Wal Mart, and Amazon are not the top brands in China. it suggests that you don need to be 1 to be big enough there. China, according to Fisher, tends to be a more fragmented market. But China potential market is so big, there is room to be 10 and still make money.
But China also has huge companies with very little global name recognition yet. Fisher points to Foxconn, a $40 billion company with 300,000 employees and a 10 square mile campus. The company makes products for Apple and Motorola, largely for export. but no one has heard of them. Fisher is interested to see what happens to Foxconn as the internal Chinese economy develops.
More Than Just Low Labor Costs
Companies face a range of challenges as they formulate a two speed strategy for manufacturing, says Michael Zinser, BCG partner and global co leader of the firm manufacturing group. labor costs are lower in developing economies. But companies need to balance the low cost of labor with the added logistical costs and the risks inherent in lengthier supply chains, he notes. Add to that the rising expectations of buyers. don just want the lowest cost, they want to get their products quickly too! The best solution may be for companies in slow growth, developed markets to manufacture in low cost, high growth markets and sell to local consumers as well as to Western buyers. That way, the slower sales growth in the developed markets and the higher logistics costs would be offset by the robust local sales. But it easier said than done.
companies first started manufacturing in Asia there were tax incentives, labor rates that were among the lowest in the world, and excess capacity, says Zinser. But some of those incentives have gone away, labor rates are rising (as they are at Foxconn), and logistics costs are higher. said, the cost savings are still there, he notes, you need to be clear about what your objectives are. if you want to tap into the fast growing markets of the developing economies, you might want to set up manufacturing operations there and local sales channels too, he adds.
Keep in mind, too, that the no frills products made for emerging markets might also be embraced by consumers in the developed world. Again, this can create more complexity, but more opportunity too. consumers will always want lower priced products, he says. In order to provide both premium and low end products to the domestic market, the company has migrated some production to Mexico. But it has also started manufacturing in Southeast Asia to capitalize on the low labor costs and Asia growing consumer markets.
Many companies set up overseas operations to take advantage of lower labor costs, but don take the opportunity to rethink their production processes with an eye toward cutting costs and reducing complexity. Others let quality, health or safety standards slip, says Zinser. A hands off approach in unknown markets can lead to problems. The best way to avoid these problems is to be on site, not on the other side of the world. is no alternative to having feet on the ground, he stresses. have to be there and see exactly what going on. Otherwise, you can end up with massive recalls and a PR nightmare, he says. have to do your due diligence, and you can make assumptions. I seen companies working with contract manufacturers on the other side of the world and forgetting to ask them what their production schedules looks like. But when you there on the shop floor, you can look around, kick tires, ask questions and learn a lot more than you would in a meeting.
Wharton management professor Morris A. Cohen was recently in India meeting with Unilever executives. is not much need for marketing in India, he says. is so much demand that companies feel if they can just get their product in front of the customers, they buy it. It not worth spending on marketing. Instead, Unilever in India spends on distribution and consumer education. In some cases, he says, Indian people don know how to use bottles that contain consumer products. Unilever sets up stores run by women in the local villages. It a combination of technology and outreach that meets the local market needs. And knowing what the local market needs at a granular level requires a local presence.
Cohen points out that India has significant barriers to entry, such as ownership rules that determine how much of a local company can be owned by a foreign corporation. Other challenges are structural. is an informal economy with lots of little shops by the road, so distribution is an enormous problem, notes Cohen. He recalls meeting with the CEO of a large Indian cell phone company that uses Wal Mart as a distributer, not a retailer, because the Wal Mart name isn well known in India. The distribution challenges are compounded by the country substandard roads and infrastructure. has done a better job of managing infrastructure than India, he says. markets are more easily penetrated because it is easier to transport goods there. depends on where you are selling, says Sirkin. can produce in these markets, sell for less, get your costs down, and take advantage of local market knowledge. and outsource production to companies that are cheaper. and make them in China because, unlike GE Healthcare budget MRI machines, Apple products are the same whether you buying them in New York, London, Mumbai or Shanghai. There is no budget priced iPad designed for developing economies. GE Healthcare, though, has gone through the process of customer segmentation drilling down, analyzing the market data, and coming to a deeper understanding of its target customers buying habits, favorite brands, and perhaps most important their aspirations.
Bottom Line on a Two speed World
According to Pinney, that are thriving in this two speed world are really good at managing both mass production and just in time production. They able to make fast adjustments up and down the value chain in response to changing market dynamics. And they make smart use of subcontracting to manage capital commitments against different production steps. that want to optimize their operations in the two speed world can learn from those that faced tough economic restraints in the past. is the mother of invention, says Sirkin. Japanese had to compete. They had to keep costs down and eliminate all the waste they could. The companies that got lean produced low cost, high quality products that changed the rules of competition. auto industry. market, and then moved up the value chain to higher end models.
country or company that is resource constrained will figure out how to do more with less, as China and India have proven, says Sirkin. competitive markets, if your company doesn come up with a better value proposition, someone else will..
It may sound funny, but the fact is, not everybody knows how to choose the right kind of socks. If everyone knew, then we could stay away from blisters, burns, swelling, and even sweating. Indeed, here are some guidelines in choosing the perfect pair of socks.
Think of your activities. You don't have to purchase every kind of socks on the planet, unless you want to have your own sock museum. Basically, you only want to buy a pair that is suited with your lifestyle. For instance, if you are athletic, you may need padded socks for added protection.
Consider the weather. If it's too hot, your feet need socks that will keep your base cool and prevent wounds. If it's too cold, your feet need insulated or padded socks to keep them warm. If you love watching live games, especially on a Super Bowl Sunday, you can protect your feet from the cold by using heated socks that have low amperage batteries that provide fast but shock proof heat.
Make sure the pair fits perfectly. It shouldn't be too thin or loose (they keep sliding down), or get "eaten up" by your shoe. It shouldn't be too thick either. If you're tall, make sure the length of the socks from toe to heel is just right for you. If it's too long, it's going to be uncomfortable in the toe area. If it were too short, you'd feel awkward and uneasy, as well. In the end, the length of your socks should be precise. For example, if you are wearing mid or high cut boots, wear quarter and crew socks to protect your legs from abrasion from your boot tops.
Check the quality of socks. Check them inside out. There should be no holes when you buy them. There are plenty of good brands in the stores, and you can tell that your socks are high quality by the feel of the fabric.
Choose the comfy kind. You don't want to spend money for a pair of socks that are rough as sandpaper. If you're an active person, cotton socks are not recommended for you. Cotton is great in absorbing sweat, but it quickly gets saturated and dries slowly, too. So you'll end up getting blisters. For cold or warm weather, merino wool absorbs quickly and wicks moisture, cushions your feet and does not irritate or itch like usual wool. But it dries slower than synthetic materials such as nylon, spandex, and other new materials commercially available. Synthetic materials are designed to absorb and quickly wick moisture, cushion the feet and dry fast. They are very durable, but are less comfortable when used during hot weather. The insulation is also reduced when it's wet.
Select colors that match your attire. Don't be arrested by the fashion squad! Dark colored socks go with black or navy blue pants. Grey, or any shades close to that color, goes very well with grey slacks. Brown shades go with any brown shaded pair of pants. Any color of socks would look good on jeans, and maybe, workout clothes.
Choosing the right pair of socks is very simple. Just apply what you've learned, research some more, and hop and shop to different stores to source out the best ones for you. Women Nike Free Run 4.0 V2 Dark Obsidian Silver Soar Blue Quilted ,Men Nike Free Run 2 Shield Grey Black Purple Men Nike Free Run 2 Bright Loyal Blue Pure Platinum White Men Nike Free Run 4.0 V2 Grey Gym Red Women Nike Free Run 3 Grainte Fireberry Sail Frbrry Women Nike Free Run 3 Gym Red White Reflect Silver Volt Nike Roshe Run Men Grey Yellow Men Nike Free Run 2 Anthracite Black White Purple Quilted Men Nike Free Run 2 Black White Purple Anthracite Men Nike Free Run 3.0 V4 Tiffany Blue Quilted City deals with power outages, downed trees in aftermath of summer snowA heavy, wet snowfall led to widespread power outages across the city Wednesday, as utility crews worked to deal with downed powerlines and trees. Here's the latest.
more Video: Welcome to Calgary. on Sept. 10th?Snow flattens crops, causing distress in southern AlbertaSeptember snow rare, but not unheard of in CalgaryGallery: Readers share their 'Snowtember' imagesSnow Day: Here's what's closed around Calgary Wednesday due to snowGallery: The city paralyzedWeather Network forecasts 'typical' unpredictable fall for Calgary
Enmax defends tree trimming policy in wake of snowstormCalgary power utility defended the $750,000 it spends each year on trimming trees Wednesday as it struggled to restore service to tens of thousands of residents left without electricity when snow laden branches fell on overhead lines. have not been cutting costs relating to that, said Enmax president and chief executive Gianna Manes. Women Nike Free Run 4.0 V2 Dark Obsidian Silver Soar Blue Quilted,Bermuda shorts, which are popularly known as walking shorts, started out with the British army to be worn in tropical or hot climates. Nowadays, it is well know as a semi casual trouser that can be worn by both men and women.
Materials used for Bermuda shorts vary. From plaid, denim, khakis and what not. However, Bermuda shorts are not to be confused with the typical Capri or cargo shorts. They may be of similar length, but Capri pants are a little longer and tighter while cargos are baggy.
While these pairs of shorts are very versatile, you must pay attention to your footwear in order for you to carry out the elegant casual look. If you are thinking about wearing a pair of Bermudas, yet hesitant because you are having a hard time picking the perfect pair of shoes to wear, here are some steps that may just help you.
Consider the kind of look that you want. Think dressy or casual? For the more casual get up, go for canvas shoes like Chuck Taylors. Athletic shoes can be another alternative and they are very comfortable to wear. Substitute sneakers with a pair of nice flats or loafers if you want to look a little dressier. Since Bermuda shorts are tailored and sheet, all you really have to worry about is if the material of your shoes compliments your whole outfit.
Get spunky once in awhile. To add a little persona in your wardrobe, try wearing a pair of wedges with your Bermudas with a nice plain top. Not only will those wedges emphasize on your legs (if they are nice and lean), they also look very chic when worn with shorts.
Heels for late nights. If the season calls for it and you are up for an evening date or late night out with friends, try putting on a pair of pumps to give your Bermuda shorts a classy and cute look. Heels if you are going out on a date.
Tasseled shoes for the beach bum look. Bermuda shorts was named as that because of the fact that it originated from the Bermudas, a tropical island surrounded by water. Try out a pair of tassel shoes for the elegant casual beach bum look.
Go canvas. It's always safe to wear canvas shoes with your Bermuda shorts most especially if you are just going out to the mall or to do errands. They are very comfortable compared to heeled footwear and the material easily matches with the Bermudas tailored cut.
Take time to shop. In shopping for the right pair of shoes to wear with your Bermuda shorts, make sure that you pick something that is versatile and can match majority if not all of your tops and shorts. That way you are not spending too much money and are learning to be a smart shopper.
Do not wear socks. Socks, most especially the knee high ones are a big no no for Bermuda shorts. They don't compliment the trousers' length and can just end up distracting passersby. If you want to wear socks, make sure to buy those that only cover the sole of your feet and your toes.
2014 Online Sale! 40 80 Off Women Nike Free Run 4.0 V2 Dark Obsidian Silver Soar Blue Quilted,Men Nike Free Run 2 Bright Loyal Blue Pure Platinum White Ok, LO has officially started walking and wants to walk everywhere. I want to get him his first pair of REAL shoes. He has had cute shoes, Nikes and Reeboks and a pair of Chucks but he wasn't walking, they were just cute with outfits. I have been looking around and I don't want anything heavy and clunky that is going to cause him to trip all the time. IDK how important ankle support is. I like the look of Nike high tops, like the Jordans and if they are supportive for his feet and good for a new walker, I totally don't mind dropping that cash. I figure that at least for a while, he will have one pair of shoes until he outgrows that pair, we aren't buying him 42 pairs of shoes right now. I thought about getting the classic white walking shoe, but DH hates the look of them and I'm not sure how supportive the shoe is on the bottom of the foot. I just don't want to waste money. My parents never got me very good shoes and my ankles roll in, they lean in and the inner side of the soles of all my shoes are more worn than the outer side of the sole. I also have knee problems that are related to the way my feet are. Women Nike Free Run 4.0 V2 Dark Obsidian Silver Soar Blue Quilted Untidiness certainly can result in stress and anxiety. It is very irritating to never be able to find things when you require them, especially if you are in a rush. Losing your car keys or your glasses or your purse in your cluttered home is a sign of a lack of organization, but it is a pain in the neck too because it wastes so much time and usually precisely when you do not have time to waste.
The issue is basically one of organization. Because it is human nature to hoard everything, our homes and offices soon become chaotic, so unless you have regular clear outs or organize your junk well, you are going to lose things often.
Everything should have a place and everything should be in its place, that way you will know where to look for items. Tools should be stored in the garage, preferably on holders or nails on the wall. Gardening implements should be in the garden shed, likewise put away so that you can see what is out and where everything is. Kitchen gear should be in the kitchen, office paperwork should be filed away in cabinets or and folders.
You have to take the time to put things away when you have used them and not leave them lying around until you have 'a clean up later'. A clean up later is no good, you need to do it now. A stitch in time saves nine, as the old saying goes.
Documents should be stored as they would in a well organized office. You may not have enough papers to warrant having a filing cabinet, but you can get a filing box that looks like a small, plastic suitcase, but they open from the top.
One side is hinged, so that it can open out and the case contains a dozen or so compartments which can be labeled for 'Insurance', 'Bank Statements', 'Credit Card Statements', 'Bills' et cetera. They are very useful and not expensive. This must also have a place, say in the wardrobe.
If you think that even this is going too far, then three shoe boxes can be used: one for 'permanent' items such as wedding certificate, birth certificate, passport, insurance, etc., one for the storage of items you have already dealt with like credit card and bank statements and utility bills and one for mail to be answered and bills to be paid.
Every year you can then go through the shoe boxes and package up items from the previous year or discard items that have become obsolete. Maybe a good time would be after filing your tax returns. In many countries, you have to hold on to tax records for seven years, so a fourth shoe box could hold the previous seven years worth of documents.
Clean out your attic or basement to make room for more junk. A good rule is, if you have not used something for five years, you do not require it, so sell it, give away or bin it.
Buy or make a key rack or just screw hooks into the back of your front door, that way you can hang your keys up when you come in and take them with you when you go out. Get a cord for your glasses and hang them around your neck. When you really do not require them, you can hang them up somewhere visible by the cord as well.
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