VIEWS: 20 PAGES: 7 POSTED ON: 12/17/2011
Doing Business With Chindia Game Over by Stephen Leeb, PHD ‘Many economists today refer to the four fastest growing developing nations by the acronym BRIC, which stands for Brazil, Russia, India and China. Investing and trading with the BRIC nations has certainly been a way to profit from growth. However, it is advantageous to believe that the biggest gains in coming years will be made by those who invest in the four nations endowed with the most surplus natural resources. These are the BRAC nations: Brazil, Russia, Australia and Canada. All four are net exporters of fuels and other natural products.’ They will certainly lead the pack in a world where resource shortages are worsening. And of course China and India are not only the fastest growing and largest populations in the world, containing 1/3 of the world’s population. They are also the largest net importers of our natural resources, technologies and intellectual capital (intelligence and knowledge). This process of growing trade develops many opportunities for generations to come in the next 50 – 100 years. The question is: ‘where will you be and what will you be doing?’ ‘Will you prepare yourself well enough to take advantage of the growing opportunities that exist in the Eastern part of the world as it trades more with Canada due to our abundance of natural resources?’ Will you educate yourself in a field that will provide you with growing opportunities? Will you be smart enough and good enough to compete with a growing population of 100’s of millions of well educated young people just like you from India and China? Can you compete? Or is it GAME OVER? In this assignment, you will focus on your future and research what opportunities exist for you so that you can feel comfortable that you will attain and continue to maintain the standard of living that you have become accustomed to. 1. What job or field of work will grow in demand in the next 20 years that will be of interest to you? You should consider the sectors of our economy that will continue to grow such as: natural resources, especially if we continue to do more trade with the Chinese and the Indians. Explain your reasoning in your own words. 2. Draw a road map or timeline of what you would need to do in order to get the knowledge and skills necessary to become employable? List the schools that would prepare you for this type of training and describe the length of time that it would take. 3. Create a list of 10 companies that would employ you in the future. Explain why you chose these particular companies. 4. Research and explain if there are any growing trends of any of these companies doing business in India or China today. 5. Are you prepared to go EAST one day in order to find work? Doing business with Chindia Category Level 1 Level 2 Level 3 Level 4 Knowledge/Understanding Limited Some Considerable Extensive Demonstrates knowledge of how Canadian businesses and economy have been affected by globalization. Thinking/Inquiry Limited Some Considerable Extensive Has analyzed ways in which the workplace, occupations and opportunity for employment are being affected by the global economy Application Limited Some Considerable Extensive Has linked research of job opportunities and education requirements to the growth of globalization and is able to forecast where opportunities will exist in the near future because of our trade relationships Communication Limited Some Considerable Extensive Demonstrates communication skills such as; proper report writing techniques, research skills (citing of research), professionalism, appropriate language, proper grammar and spelling. Example of a Level 4 Doing Business with Chindia The job market fluctuates very frequently and the jobs that are in demand today may not be in demand tomorrow. Personally, I want to make sure that the field that I go into will provide me with benefits and a comfortable salary that I can happily live with. In order for my goals to be met, I need to make sure that the job is in demand. A sample job that I might want to pursue in the future would be being a buyer for the company Suncor. This would secure my future because it is a permanent full time position. The company’s stocks continue to increase every day because they are leading innovators in their field of providing energy. Suncor also makes investments in renewable energy. Suncor focuses strongly on cleaner ways of finding energy by investing in the four wind projects and Canada’s largest ethanol plant. Global demands are going nowhere but up, driven by the rapidly expanding economies of China and India. Suncor is prepared for this unsustainable demand for energy and natural resources. The company head believes that the way to stay ahead of the game is the use of hydrocarbons. A Hydrocarbon is a combustible fuel source that is the most important energy resource available. This proves that Suncor is a global leader and competitor in their market, and a very good company to work for. Suncor also believes in maintaining a good partnership with the companies they export to globally; that is one of the reasons why their services are in demand and revered. Globally the company does well because there will never stop being a demand for energy, and companies would like that energy to be environmentally friendly. In order to achieve the goal of becoming a buyer for Suncor, I would have to start out as a consultant for another company, and work my way up the corporate food chain. The prerequisites for becoming a consultant in general, would be a bachelors and Master’s degree in general business. I could also obtain a bachelors and Masters in International business and still be able to become a consultant. In total, the amount of schooling that I would need before I can become a consultant would be 5 years. Then as a consultant I would gain the skills and knowledge that I would need to succeed as a buyer. I would develop such skills as; Identifying clients’ problems, opportunities, and risks, Gathering and analyzing relevant data, Conducting client interviews and facility visits, Developing and evaluating alternative strategies, Developing reports and presenting findings to clients, Working with clients to implement solutions. With these skills and a minimum of three year’s experience, I would be able to apply for the position of a buyer for Suncor. All of the experience and knowledge required for the position of buyer proves that it is a highly cut-throat and competitive position that will most likely pay well. Some schools that I would consider going to for business would be; Wilfred Laurier, University of Toronto, University of Western Ontario, or Ryerson. Most likely I would major in the business section at the school and maybe minor in something complementary like English, or a second language. In the future if I follow the business career path, there are many companies that would hire me with my Masters. Some of the companies that will hire me with high pay and benefits include; Fidelity Investments, Insperity, NCR, Technisource, Echlin Business Consulting, Booz Allen Hamilton, Microsoft, Aston carter, Deloitte, Consulting Point. A company such as Booz Allen Hamilton would provide me with the experience that I would need in the energy field in order to get into the buyer position at Suncor. This would be the ideal route for me if I wanted to continue with that position. Another option for me would to continue to be a consultant because I have learned that they can make anywhere from 40, 000 to 100, 000 dollars a year with bonuses available and benefits. I would probably be comfortable in that position, but I would still strive to work up the corporate ladder because I am an overachiever and I believe that a person can always do better. I also know that I would be making a much bigger salary as a buyer for Suncor and I would be able to live more than comfortably. The companies that I chose not only offer substantial pay, but also assurance of a future, and a possibility of gaining higher and more prominent positions in the company. The experiences that I gain from these companies will also be perfect stepping stones for the possibility of building my own company. I will learn to do the job well, and eventually be able to do it better than the companies that I have worked for. Suncor for example, is realizing that the growing demands in India and China are becoming more and more noticeable and the company wishes to take advantage of that by trading hydrocarbons and other fuel sources. Booz Allen Hamilton works with utilities and with oil and gas companies to help them address the risks of new fuel sources and to remain competitive against a backdrop of cost constraints and mounting social, political, and economic pressures that are picked at by intense public and political scrutiny. Globalization has helped to improve the relationship of Suncor and other companies around the world. The position of buyer has developed and grown since globalization because there are so many more options involved in trading globally; more choice as to what price to charge, who to trade with, and when to trade. I am prepared to travel and go east in order to stay on top. With my company and the job that I wish to do, travelling may be a requirement and I may have no choice. Many of the areas that we will be doing business with would be India and China and in order to negotiate terms and conditions I would have to meet personally with the company leaders. I would have no problem with learning the culture of that country in order to do business successfully and exceptionally. I would also have no problem working permanently out east if there are opportunities available for me; I will go wherever work is available. Therefore, the position of a buyer that I foresee for my future will lead me many places and will allow me many opportunities and experiences. I will gain insight into trading internationally and be that much closer to dominating the global markets, which is my ultimate goal. I hope to be able to set up a successful life and eventually teach my kids how to stay on top. I look towards future success and that involves being with a company who realizes that they need to take advantage of the BRIC (Brazil, Russia, China, India) countries and trade with them. That’s why being in a BRAC (Brazil, Russia, Australia, Canada) country is very beneficial because we have access to the most amount of natural resources and when we take advantage of those, success is sure to follow.
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