Economic Impacts of transnational corporations on industrialised countries

Economic Impacts of transnational corporations on industrialised countries Identify and comment on the economic and environmental impacts of transnational corporations on newly industrialized countries you have studied. Introduction The object of this report is to assess the economic environmental impacts of the transnational corporations (TNC) on the newly industrialized countries (NICs) such as India, China, Thailand, Mexico, Philippine, Malaysia, Turkey, South Africa and Brazil Since the mid of 1980s, the economic strategies of NICs include Singapore, Malayasia Thailand have shown a amazing degree of meeting in one impact-driven growth strategies. They rely essential on transnational corporations (TNCs). While achieving this type of strategic economic growth the newly industrialized countries have been dun economical environmental both positive and negative impacts from the transnational corporations. Under below arias the report describes how TNCs impact to the NICs. The mainly focused arias are Investment, Technology, Transport, Employment, Urbanization, Environment-Safety, Furthermore the report assess TNSc overall impact to the Environment as well as to the economy of NICs. What are TNCs? Trans National Corporations (TNCs) are companies which operate in at least 2 countries. Its organization is very hierarchical with the headquarters as well as research development often located in the mother country. Production centers tend to be host countries. When organization becomes more worldwide regional headquarters and regional research development will widen in the manufacturing countries. This gives TNCs many advantages, such as right of entry to the global market, cheap labor, low production costs, consequently greater profits. The headquarters of these remains in its mother country, most of the time lots of them are developed nations in the world, like USA UK. Their established factories allover the world, which either produces entire finished Goods or parts, for the company to sell on the global market. Among all the TNCs in the world, Most of them are oil companies such as Exxon (Esso) BP, car manufacturing companies (for instance Toyota, Ford, Nissan and Volkswagen). Other familiar companies like IBM, Sony Coca-Cola are also can defined as being TNCs. Trance National Corporations are established globally for their advantages, to earn more profits. They bring with them both positive and negative impacts for the country which host to TNCs. Top 10 TNCs in 2009 TNCs manufacturing high-tech Scientific instructions, pharmaceuticals microelectronics, (Mitsubishi, Smithkleine, Glaxo- Sony) Large volume of consumer goods Tyres, Motor vehicles, televisions other electronic products (Toyota, Daimler, Ford, Volkswagen, General Motors) 3) Mass produced consumer goods cigarettes, beverages, breakfast cereals, cosmetics branded goods (Mars, Uniliever, Nestle, Kraft foods) 4) Service Banking/ insurance, hotel chains, freight transport, advertising, fast food outlets (IN group, AXA, Citigroup, HSBC, Allianz, Dexia) TNCs organize manage economic activities in different regions develop trade inside between units of the similar corporation in different regions. It means most of the time control the terms of the trade can diminish the effect of quota boundaries on the movement of products, go around trade tariffs. What are NICs? Country that has within recent decades experienced a get through into rapid productivity growth, rapid export oriented economic growth, quick industrialization farther a high amount of investment and assets formation largely funded from local savings, and a high tendency to export, with end user durables and machinery accounting for a large share of exports. Superior examples are South Korea, Hong Kong, Taiwan, and Singapore. These countries invest capital and production facilities in other developing countries like China, Vietnam, India, and some countries in South East Asia. Within 20th century lots of East Asia countries were industrialized such as South Koria, Taiwan, Philippines, Singapore, Thailand, and Japan. These states are called as NICs (Newly Industrialized Countries). Further sometimes they are called as Tiger Economies because of the attractive growth rate of these regions. The governments of NICs controlled over industrial development motivated industries to export manufactured products to abrade such as more developed states. The exports profits were re-invested in the local economy. Local businesses did grow; wages rose workers did spend their new assets to buy domestic goods and services thus motivating further growth. This type of rotation, knock-on effect, in that money paid out from businesses is invested again inside the country, is often called the multiplier effect. NICs have been being succeeded for the last 30 years. That successfulness of these economies has contributed to the turn down of manufacturing industries in MEDCs like UK. Industries struggled to compete with the NICs competition, because their production cost and wages were very low. Characteristics of NICs Countries whorled market exporter share is increasing, they often copying existing products then reproducing for a much low price. Continues growth in the production sector that results for more exports continues increasing of GDP. Generally NICs Can be developed by three stagers, thats traditional society to a developed country society. Three stagers are explained below. The time frame of whole process can be minimum 30 years. Traditional society: There are more labors work under the industry, its labor oriented. Concentrating on small cottage-style traditional industries, concentrated on local raw materials. Instance could include food processing, textile manufacture Most of the time, lots of people are still work in the primary sector, doing things include farming. Using primary technologies most of the people have less money. Import the products what they want, that indicate county is not producing what they actually needed addicted to import products. Import substitution industries: The country does promote its own industries. Newly started companies imitate products from well known market giants and then produce them for low price. The government operates tariff barrios for the products are being imported trades that make similar products. The purpose of that is protecting their own domestic companies whilst they grow. Instance industries are computer manufacture, car manufacture, electronic goods and other electrical goods, like hi-fis. Export orientated industries: The new companies set up in their state they are allowed to run free upon the global market. Industries are being capital intensive, using high technology aimed at earning a big profit. The gross domestic product (GDP) of the country starts to increase, mostly growing at above 5% per One year that is a wonderful rate. Now the country has been being an NIC. How do TNCs affect to the NICs economy their environment? Investment: Advantages: The companies earn, invest, bring foreign currency into the country. Though most of their earnings come back to the companys country of host, all the remunerations do come to the local economy Disadvantages: The salaries paid to host country workers are very low and a lot of companies have been accused of exploiting the workforce before benefiting that. There are frequently tax incentives for such TNCs to establish in countries in the developing world. Due to the fact that they get lots of their profits out of the country that says the real economic benefit to the country could be limited. Technology: Advantages: TNCs help the development of the NICs by bringing in latest technology and new knowledge that the host country doesnt use. Disadvantages: If not the company does actively participate in the program to educate domestic companies in the latest technologies, the countrys industry wont actually benefit. TNCs are not going to share too much information. If the local industry competition will increase because of new knowledge TNCs have to compete even with the local companies. Transport: Advantages: The new TNCs mostly help to develop transport links around the company area. Disadvantages: Mostly serve only the direct roads, rails that needs of the company, not the surrounding area as well. Employment: Advantages: They do create job opportunities for the NICs domestic employees. Disadvantages: Most of the jobs opportunities are highly skilled so the company uses their own people to do the work Because of the technological environment of these companies. Remain less jobs opportunities. Urbanization: -launching a TNC in a city in NIC does encourage urbanization. Young migrant workers gather to the city. It influence to the rural communities their development Environment-Safety: Advantages: TNSc bring with them some environmental friendly technologies expertise to decrees harmful pollution establish a safe working environment. Disadvantages: a lot of TNCs have very bad history on environmental pollution workers safety. They have been complained of trying to cut both safety of working environment and environmental pollution in order to keep costs down. . Advantages to TNCs They have the capability to take benefits of spatial differences in factors of manufacture line. TNCs can utilize differences in the accessibility of labor, capital, and building or land costs. e.g. In 2002 Dyson did move its manufacture plant in Malmesbury, Wiltshire to Malayasia to take benefit of cheap labor. Dyson retained several hundred jobs of employees in Wiltshire for research and development (RD) saving of 30% of cost in production. They can position to take benefit of government policy barriers include, subsidies, lower taxes grants and less strict government lows on employment and environmental pollution. Overall impact to the Economic growth Development of NICs can be potentially promoted by transnational corporations through their activities that generate economic growth. Some evidence exists that the foreign exchange and foreign direct investment that TNCs provide can improve the performance of the economy of the NICs which they operate in. The process of economic growth is impacted by the TNCs influencing the transfer of soft hard technology, quality amount of capital formation, growth of trade opportunities the imprudent of labor. Further, Such as Taiwan, Province of China South Korea demonstrates that under some situations economic development can promote social development. For instance in Taiwan, enormous growth of economy has been combined with developed educational levels, the longer life spans, got good health conditions, advanced political liberalization, housing environment, superior civil liberties. Theoretically TNCs can uplift the development of the NICs society by fostering economic growth; practically this relationship exists for two reasons. Mainly, in the host countries it is not clear whether transnational corporations are really responsible for the growth of economy. In the most recent two notable cases related to economic transformation, Taiwan and South Korea, a negligible role was played by transnational corporations. Further, TNCs actually have the ability to prevent NICs local economic growth by running local entrepreneurs out of the business zone, along with the importing of main goods and services, reducing large amounts of the profits from their local NICs, and transferring royalties and fees to the main companies which are located away from the host economy. Secondly, even if the economy of the NIC is not developing, there is a tenuous relationship between social development and economic growth. Even though there is an global economic growth annually, it is yet hard to prevent the problems of poverty, unemployment, inequality in wealth, and such other issues of social malaise. For example In Cote dIvoire, from 1960 to 1975 the TNCs could have helped to foster aggregate the growth of the economy, they did only a very little to uplift the development of the society: increase in unemployment, income distribution expanded and nationals increasingly started losing the control over the industrial capacities of the country. In some, under some circumstances TNCs can act as the engines of growth of economy, the power of economy is very rarely harnessed to the achievement of development. Overall impact to the Environment Transnational corporations can have a negative impact through a demotion of resources in the environment to the social development. And over the past ten years such entities had been responsible for environmental disasters. For an example, Union Carbide in Bhopal, India, Exxons Valdez spill off Alaska, and Texaco To a group of environmental problems TNCs have been linked. Fifty percent of the green house emissions are generated by them, in which they are responsible for global warming. Furthermore they are also the users of ozone-depleting chlorofluorocarbons (CFCs) and they are also producers of CFCs. Explaining further, transnational corporations are responsible for the pollution of land, air, wetlands, water and the oceans. Ultimately, through their mining activities and commercial logging, there is a contribution to deforestation by the TNC. For example in the mid-1980s, there was a control of 90per cent of the logging by the foreign corporations in Gabon and in Congo it was 77 per cent. As a result of such mining and logging negative effects such as flooding, loss of topsoil rapid run-off of rain have occurred; Farmers are economically not in a rich status to buy the land from forest owners and usually TNCs dont internalize such social costs. Hence such negative externalities cannot be p revented. The connection between TNCs the environment is massively complex even though transnational corporations can definitely obstruct social development through their environmental practices .But yet the Critics dont mention that consumption of environmental resources should be abstained by transnational corporations, instead they should promote sustainable growth and development via their activities. In the meantime there is a practice by the TNCs to follow demoted environmental standards in the developing countries with comparison to the developed countries; and it is found with evidence that environmental practices are very responsible in developing regions than in domestic firms functioning in such countries. Nevertheless, critics emphasize that, as a result of having better resources they have better access to RD, It is the liability of the TNCs to promote environmentally sustainable practices and they bare that responsibility. Some companies undergoing so much of pressure have start ed to follow more environmentally responsible policies. Example, a maligned polluter named Dow Chemical, had to establish one-and-a-half days each session with the environmentalists brief senior management quarterly. The salary of the manager was pegged to the goals of the environment, and a toxic release of 32 per cent between 1988 and 1991. Further some laudable environmental practices were also implemented by the IBM including rewards for the employees for technical innovations which helped to comply with the environmental standards. Finally 18 environmental awards were won by ATT since 1990. On the other hand, expect these three companies majority pillage to consume environmental resources from the countries that are developing and they consume these environmental resources in a destructive and unsuitable manner. practices that definitely hamper prospects for development. Some of the companies that involves in issues related to the environment are General Electric and DuPont, for example, Dupont was responsible for toxic chemical releases in 254 million pounds during the period of 1991 in the United States, and this has led to minimize such practices that destroys environment. e.g. Conclusion The report offers a basic understanding of the economic environmental impacts of the transnational corporations (TNC) on the newly industrialized countries (NICs) such as India, China, Thailand, Mexico, Philippine, Malaysia, Turkey, South Africa and Brazil. It presents and showing that state to some famous beliefs, TNCs investments helped the host stats in industrialization of the host states were given credits. An in detailed analysis is given on the variety of critical factors that TNCs concentrate on the investment decisions. Such as Investment, Technology, Transport, Employment, Urbanization, Environment-Safety and so forth. The report will be a useful source to be aware of how sustainable economic growth will achieve by reducing environmental pollutions saving environmental resources for potential needs. Further the NICs must reach their targets by focusing their concentrations towards TNCs their habits. Otherwise NICs will not be able go for their future goals through TNCs operations. NICs must be the strongest partner NICs need to be influence the TNCs by using their power. Then finally both NICs and TNCs can reach the goals together.

Graham Greens The Quiet American Essay -- Graham Green Vietnam War Es

Graham Green's The Quiet American The Quiet American by Graham Green is a story set during the Vietnam War before the United States became involved. The main character is Thomas Fowler, an English Reporter stationed in Vietnam. The story follows approximately six months of his life where he is faced with personal, professional, and ethical trials. The story also follows closely, the lives of two close friends, Pyle and Phuong. Each of the three main characters are from a different country, and they were used to represent it. As the main character in the novel, Fowler possessed many complex levels to his psyche. He came across as a bitter, cold-hearted person but in actuality was probably the character that felt the most in the book. Like the typical Englishman, he kept his emotions to himself, and out of sight from others. He had his own stand points on religion and politics that he definitely stood by. In the war, England did not take sides, on account of their immense losses during WWII, and like them, Fowler did not take sides. Different people in the story felt that "One has to take sides. If one is to remain human" (174), but as an a European, especially an Englishman, he was for the most part, neutral. Americans were not very popular in Greene’s novel, and Pyle was the hated American. He immediately assumed a close relationship with Fowler upon just one meeting. He became accustomed to calling him Thomas, and not only as a referential name, but in almost ...

Crime and Cjus285-1302a-01 Juvenile Delinquency

Colorado Technical University Online CJUS285-1302A-01 Juvenile Delinquency Phase 1- Individual Project Professor Grace Mickles Obaid Rahman April 15, 2013 There are many advantages of the taxpayer and the juveniles to split the juvenile courts into two sections because it will benefit taxpayer and juveniles by splitting into sections. By doing that status offenders will get more help and treat as a minor crime offender, which they don’t in a joint section.Status offenders are treated unfairly, and don’t get the punishment what they are committed too, there is a need for splitting a juvenile court into two sections. The advantages of splitting will help status offenders to be treated fairly according to their offences. Other advantage toward splitting courts will increase the ability of juvenile courts to punished young offenders, and this will benefit to taxpayers because the punishment will determined offenders and will reduced cases of young kids and help them to pay less for juveniles cases.Juvenile delinquent court and status offender court will benefits juveniles because it will make it possible for the juvenile courts to differentiate between major and minor crimes. The process will be more efficient and juveniles will get more proper response from specific courts. I think the higher court judges rule and appoint the judges who work for juvenile courts, who can handle all the juvenile cases and separated those cases by category and according to crime charges.Juvenile’s delinquency cases are those cases which juveniles violated a law or a serious crime which done by juveniles. In other hand the young offenders who charge with the offence but cannot be classified as criminal violation offence that can only be applied to children, which is why rehabilitation program is must for those kids who can turn back to their normal life. There should be a specific program for those parents who have or had their children in criminal activity, in or der to teach their kids right path and stop them to commit crime or break law.The percentage of Juvenile offenders who arrested first time in their life and never been arrested again are more higher then the juvenile who committed repeat crimes, means if the department can detain children first time and warn them, have more chances to keep them away from future crimes, rather then put them into jail and sentence them like adult will turns out into criminal in future.By splitting juvenile court into two sections will disadvantage in effectiveness of the two sections will depend on the implementation of the courts. It will also take taxpayers into financial problem and poor services. It will also increase the number of staff and the burden will be on taxpayers. It will also disadvantages to those offender who commit a serious crime, will be subjected more sphere courts then those who attend status offender courts.There are many advantages by comparing to disadvantages by splitting juv enile court will benefit to those young offender who commits minor crime and able to get back in their normal life with taking some detention or rehabilitation program. References Minor Crime Is a Major Ordeal (2007), retrieved from (http://criminal. findlaw. com/juvenile-justice/minor-crime-is-a-major-ordeal. html) Juvenile Court by Kathleen Michon, retrieved from (http://www. nolo. com/legal-encyclopedia/juvenile-court-overview-32222. html)

Battle of Britain - 1604 Words

The Luftwaffe Needs Lessons from the Brits: An Investigation of Hitler’s Defeat at the Battle of Britain By: Jake Pilla Global History II 11-28-07 In 1940, German planes flew over Britain in an attempt to take over the country and tear apart the enemy’s alliance. Britain was surprised by this attack, but countered by shooting down at least twenty planes of the Luftwaffe, the Nazi air force, during the initial attack. Hitler sent waves of planes into Britain every day, trying to lower British morale; however, he did not expect Allied forces to send supplies to England. United States and France sent planes to Britain, which were the most important factor of the Battle of Britain. British used the powerful Royal Air Force to†¦show more content†¦After Poland and France were conquered they lost a percentage of their incoming supplies but, nevertheless, the United States sent even more. This allowed production of multiple planes and gave Britain more time to devise plans for a counter attack. The Royal Air Force had superior aircrafts, pilots, and training tactics, compared to the Luftwaffe. The war in Europe started in early September 1939. Germany, Adolf Hitler, took over Poland. Britain and France countered by declaring war on Germany but did not take action for many months. In 1940, Germany attacked its next target, Denmark, and Norway. Soon after they invaded and successfully took over Belgium, the Netherlands, and France. All of these nations were conquered because of the Blitzkrieg or lightning war, technique. In the summer of 1940, Germany took Britain head on, this time from the air. The Battle of Britain turned out to be Hitler’s first military failure, as the Luftwaffe never could destroy the powerful Royal Air Force. Britain was slightly surprise by the attack, but was ready to fight in time. Germany tried to blockade Britain but the powerful Royal Navy sunk German battleships and submarines. If Hitler could have pulled off a blockade  "Britain would have been at a huge disadvantage, because they import a huge majority of their supplies. Germany took to the air toShow MoreRelatedEssay on Why Britain Won the Battle of Britain4008 Words   |  17 PagesWhy Britain Won the Battle of Britain After taking France in addition to his list of captured countries on mainland Europe, Adolf Hitler set his sights on Britain. After the success of Blitzkrieg, the evacuation of Dunkirk and the surrender of France, Britain was by herself. However, before Hitler could contemplate undertaking an invasion he was advised by his generals that Germany had to destroy the Fighter Command of the Royal Air Force in order to gain superiorityRead MoreThe Battle of Britain Essay5809 Words   |  24 PagesThe Battle of Britain As the cold hand of death swept over the remnants of France, British Prime Minister, Winston Churchill, orated on the imminent battle that would rage over his homeland and the foreboding struggle for survival that was now facing Britain: The Battle of France is over. I expect that the Battle of Britain is about to begin†¦ The whole fury and might of the enemy must very soon be turned on us. Hitler knows that he will have to break us in this island or lose the war. 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Sales Force Compensation Essay - 832 Words

Sales Force Compensation Adam Goode Dr. Ed Sherbert HRM533: Total Rewards November 4, 2012 Sales Force Compensation In order for a company to acquire the highest number of clients, that company must be able to fully motivate their employees. One of the primary factors to motivate the sales force is compensation. Employees that are in the sales force do want to get commissions for the sales that are made, but they do also want to get a base salary as well. A commission only structure can greatly motivate employees to make sales, yet if they only receive pay for making a sale, an employee might not feel that they need to come to work if they can’t†¦show more content†¦That is where a company can do a good job with the total rewards program that they do have set in place. The company can show employees that great work will be rewarded, yet they need to make it known upfront what that will be. Employees don’t need to be thinking that one person is getting better rewards because of a good connection that they have, but that employee should understand what rewards will be produced by what sort of results. The total rewards program should also help employees understand that the lack of results would end up having adverse consequences. This would help show employees that they should stay motivated to produce great results. The total rewards program should be able to be understood by all employees. Employees need to be able to see what type of compensation structure that they can expect for producing more clients for the company. Employees should be able to see if they will get a base salary as well as commission, and what kind of commission they can receive. Having that information visible can make the company seem very attractive for future employees. If someone can’t know what they will get for their job, they would not really be motivated for that job. 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What are the advantages and disadvantages of using a career sales force versus an independent sales force? A career sales force that the company hires, trains, supervises, and compensates likely will be more loyal than an independent sales force. As the case notes, these career salespeople sell only JPF policies. They also learn and contribute to establishing and maintaining the organization’s â€Å"culture.† They learn how things workRead MoreSale Force Target Essay975 Words   |  4 PagesK-mart, but the atmosphere is a lot more toned and you can actually focus on shopping without being over crowded. Targets first symbol 1962 In order to motivate the sales force to produce the highest number of clients, describe six (6) features of an effective total rewards program Compensation – what is the company willing to pay for this position? Benefits – health, dental, vision, long-term care, retirement. Are these incentives reasonably priced for employees? Every employeeRead MoreProgreso Financiero1278 Words   |  6 Pagesfalling significantly short of its sales forecasts (Exhibit 4), causing concern for investors and employees of the company. Second, Progreso has not yet identified a clear path to profitability. There are four key drivers to underperformance at Progreso Financiero: poor sales analytics systems, improper human resource management, poor managerial decision making and ineffective compensation incentives. The collective result of these shortcomings is that Progreso’s sales employees are highly unmotivated

Personal Narrative Managing The People - 793 Words

Managing the People In reading your post, I found some similarities in my own analysis regarding the people that I believe that Shania should enlist in launching her new business. I did make some distinction of having the prospective person participate in launching and operating the business, and if the person should necessarily become a business partner, who has a stake in the company. I will discuss briefly below my positions, specifically, how I would advise Shania differently, and how I supported my decisions. Picking the Right Recruits Shania has an important decision to make as she determines who she will bring into her new business, and what roles that they will be responsible for in her Christian coffeehouse. Each of the prospects, as you also pointed out, have pros and cons in whether or not they should participate, and to what extent they should be depended on within the business. First, I am not certain that I would include most of the prospects as partners in the business from an official owner standpoint. I would advise Shania to partner with her husband only, who is interested in backing the business financially, and then identify roles in the business that each of her friends and family can participate. The Bible says in Ephesians 5:25, â€Å"Husbands, love your wives, just as Christ also loved the church and gave Himself up for her†, and I believe that Shania’s husband should partner and support his wife (Barker, 1999). The arrangement might be such thatShow M oreRelatedThe Y Greene : A Quiet, But Not Silent Hero1269 Words   |  6 Pagesthat have transpired, it is about those events that have been recorded. The first people who author history are reporters, who’s job it is to keep the masses informed of current events. 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Balanced Scorecard Organizational Performance †MyAssignmenthelp

Question: Discuss about the Balanced Scorecard Organizational Performance. Answer: Introduction This report provides a clear understanding on balance score card approach which is used by Brotherhood of St Laurence in order to establish effective value chain activities. This balance score card approach will be consisted of four important dimensions which will reflects how organization could meet its set objectives and goals in easy and determined approach. Brotherhood of St Laurence is not for profit organizations which has business toward a vision of an Australia free of poverty. In addition to this, Brotherhood of St Laurence has international brand image and headquarter of company is in Melbourne. This report provides deep understanding on balance score card and its four dimensions which could be used to achieve its set objectives and goals in determined approach. Brotherhood of St Laurence has several goals and objective to achieve with the help of its set business functioning. Goals of Brotherhood of St Laurence could be classified into two parts general and specific objectives. The general objective of Brotherhood of St Laurence is to help young people to achieve their certain goals and objective in effective manner. The specific long term objective of company is to make Australia poverty free place. This objective is very wide and accompanied with several facts and sub objectives. There are several programs which have been implemented by Brotherhood of St Laurence in its business functioning such as Refuge child outreach, Refugee actions program and implementing poverty eradications plans. In addition to this, there is other several plans have been implemented by Brotherhood of St Laurence for mitigating the poverty problems (Ahmad, 2015). There are several stakeholders and clients for Brotherhood of St Laurence People living in Australia- These are the people who are having Australian residency. However, the main focus of Brotherhood of St Laurence is to provide best quality of services and assistance to people who are living their lives below poverty line. Ambassadors- The Ambassadors for Brotherhood of St Laurence is RT Revd Dr Peter and Ms Joanna who are providing best assistance to Brotherhood of St Laurence. Donors- These persons provide financial assistance to Brotherhood of St Laurence so that it could achieve its determined goals and objectives. However, company has to meet all donors wants and needs in effective manner. Volunteers- These are the pillars for the organization who provide their services and work for Brotherhood of St Laurence at free of cost. Therefore, Brotherhood of St Laurence has to prepare organizational culture in such a way so that it could motivate all the volunteers to make best efforts for servicing people. Partner organization- These are the other organizations who have entered into strategic planning with Brotherhood of St Laurence. These partners sponsor the events and business of the companies for the better understanding of the organizational purpose. These above given stakeholders are important to consider by Brotherhood of St Laurence before implementing any policies and framework (Dudin and Frolova, 2015). Brotherhood of St Laurence has been comprised of several set of activities in which various functions are performed with a view to achieve certain goals and objectives. There are several suitable perspectives which could be used in Brotherhood of St Laurence balance scorecard approach of organization. The balance scorecard approach is consisted of several dimensions such as financial requirement, internal business functioning, customers and business stakeholders and organizational capacity. The financial perspective- In this dimension, Brotherhood of St Laurence would need to evaluate its financial performance. The financial perspective is concerned with cost and budget analysis of company. It is evaluated that Brotherhood of St Laurence has total net profit of $ 2969000 from its business functioning, in addition to this, company has been planning to make expansion in its business functioning. Specific objective- The main objective of this financial perspective is to identify the cost involved in the business and other factors which make bifurcations in cost and budget involved in the process system (Khatoon and Farooq, 2014). Customers- Ideally poor and young people are the main customers who have been provided assistance by the Brotherhood of St Laurence. It has planned to support young people to achieve their goals and objectives. However, in this perspective of balance score card, Brotherhood of St Laurence would include performance indicators, business process goals, achievement of set targets and goals and capacity utilization scores. Specific objective- The main objective of this customers focused dimension of balance score card approach of Brotherhood of St Laurence is to identify how it could make its services customized with a view to increase overall satisfaction of clients. Internal business functioning- All the people working in Brotherhood of St Laurence are volunteers and they focus on achieving internal goals and objectives. Specific objective -This perspective would include performance measurement, KPI functioning, process improvement, quality optimization and capacity utilization. Learning and growth perspective- In this dimension, Brotherhood of St Laurence will focus on its intangible drivers and often broken down into following components. Specific objective- This main objective of learning and growth perspective is related with making expansion in its non profit business organization and providing best quality of services to stakeholders. of volunteer engaged Information capital requirement Organization capital The main idea of preparing this strategic map is to outline each and every dimension of balance score card prepared Brotherhood of St Laurence in its business functioning. It is evaluated that company would make effective level of surveillance in its four dimensions through its balance score card approach. Objective of these four dimensions of balance score card approach is interrelated with each other (Bhattacharya, et al. 2014). If company fails to achieve one objective of organization then it would also result into failure to achieve other objectives as well. The whole process of strategic map in the balance score card approach could be defined with the below given chart which have been prepared by including all these four dimensions (Heginbotham, et al. 2015). Balance score card approach of Brotherhood of St Laurence is consisted of four parts named financial perspective, customer, internal process and learning and growth of the organizations. The main issues which would be faced by Brotherhood of St Laurence in implementing balance score card approach in its value chain activities would be consisted of collection of data and improvement plans. Brotherhood of St Laurence is a not profit earning organization which provides its services at break even points. The main problem in implementation of balance score card would be related with availability of finance and experts who could gauge the effectiveness of balance score card. Moreover, this BSC approach is only useful to evaluate four above given dimension and avoid other associated factors. Brotherhood of St Laurence would also need to hire other employees if it wants to adopt BSC approach in its value chain activities (Heginbotham, et al. 2015). It will not only increase the overall cost of productions and services but also increase the complexity of business functioning. However, by implementing BSC approach in its business functions, Brotherhood of St Laurence could evaluate the business performance and areas which could be improved. It is also observed that BSC approach could give idea and actions plan for making improvisation in its existing business process but it cannot provide accurate certain data. Therefore, it could be inferred that BSC approach could help organization to improve its existing performance but it is limited to the extent. However, it should be implemented under the effective supervision of experts who have good knowledge of BSC approach. These types of activities are essential for managing the business functioning of Brotherhood of St Laurence in effective manner. However, by using BSC approach, company could only take estimation of action plan for its business (Shafiee, et al. 2014). Conclusion Now in the end, it would be inferred that Brotherhood of St Laurence needs to implement effective balance score card approach for the smooth supervision of business. Moreover, Brotherhood of St Laurence could follow BSC approach for implementing Kaplan and Norton for classification its operational activities in four dimensions (Dudin and Frolova, 2015). References Ahmad, S., 2015. A balanced scorecard approach to recruitment in higher education institutions.Journal of Strategy and Performance Management,3(1), p.17. Bhattacharya, A., Mohapatra, P., Kumar, V., Dey, P.K., Brady, M., Tiwari, M.K. and Nudurupati, S.S., 2014. Green supply chain performance measurement using fuzzy ANP-based balanced scorecard: a collaborative decision-making approach.Production Planning Control,25(8), pp.698-714. Dudin, M.N. and Frolova, E., 2015. The balanced scorecard as a basis for strategic company management in the context of the world economy transformation. Heginbotham, E., Nixon, M., Morgan, F.E., Hagen, J., Heim, J.L., Engstrom, J., Li, S., DeLuca, P., Libicki, M.C., Frelinger, D.R. and Brady, K., 2015.The US-China military scorecard: Forces, geography, and the evolving balance of power, 19962017. Rand Corporation. Khatoon, S. and Farooq, A., 2014. Balanced Scorecard to Measure Organizational Performance: A Case Based Study.The International Journal of Business Management,2(9), p.106. Shafiee, M., Lotfi, F.H. and Saleh, H., 2014. Supply chain performance evaluation with data envelopment analysis and balanced scorecard approach.Applied Mathematical Modelling,38(21), pp.5092-5112.