The Effects of Lowering the Drinking Age to 18 - 1126 Words

Parker Howard Professor Woodward Rhetoric and Composition 15 December 2012 Lowering The Drinking Age Alcohol is considered to be a large problem in society today. Especially with young adults between the ages of eighteen and twenty-one. Which presents the question of whether or not the drinking age should be lowered. Lowering the legal drinking age to eighteen would have positive and negative influences on society. Positive through raising more government taxes and keep high school age and young college students out of trouble with the law for drinking. Negatively; students, both in high school and college, would drink during the week which could cause problems with education and crimes related to alcohol would be more likely to†¦show more content†¦Changing the drinking age has multiple negative effects. However, it could have a few positive effects on society. First, it would allow law enforcement to crack down on other crimes being committed in cities. Ultimately resulting in a lowering of the crime rate. (Even though only around every two of one thousand underage drinking occasions result in an arrest (Daniloff)). Secondly, lowering the drinking age would allow the government to receive more taxes off of the sales of alcohol. Since around seventeen and a half percent of alcohol sales (or $22.5 billion) end up being consumed by minors the government could place a higher tax upon sales to citizens ages eighteen to twenty-one (The Debate). The argument of looking to European countries with lower drinking ages is almost always present in law changing arguments. Should we follow their example, or should we learn from what the laws in their countries have done? Based on the facts European youth actually drink more than American youth (Sopher). Granted it is legal in these countries to do so at the ages of 16 and most 18. Drinking is a big problems in countries such as Ireland, Denmark, and Germany where the drinking age is 18. The facts prove themselves; lowering the drinking age just encourages young adults to become dependent on alcohol at a younger age. ItShow MoreRelatedUnderage Drinking Is Part Of The Culture Of College1734 Words   |  7 PagesI did discover is that underage drinking is part of the culture in college, also the friends that I had in high school who are 21 now I have discovered they drink some of the least amount now. Which has begun to make me wonder why people who are 21 drink less than peop le who are underage. I believe that when people are 21 they now do not have to worry about the next time they can get alcohol. Congress should lower the drinking age from 21 to 18 because at age 18 when they are in college, for someRead MoreTo Lower or Not to Lower the Legal Drinking Age to 18, That Is the Question881 Words   |  4 Pagesthat binge drinking is on the rise among college students (Eisenberg n.p.). With an increase of alcohol consumption by underage drinkers, it only seems logical to lower the drinking age to prevent binge drinking, however there are far more consequences to be seen. Lowering the drinking age to 18 will not solve the binge drinking problem among college students but will cause more problems. In this paper I will explain the reason why lowering the drinking age will not stop binge drinking and the adverseRead MoreKeeping the Minimum Legal Drinking Age1283 Words   |  6 Pageslegal drinking age in the United States or not. Many Americans forbid th e idea of legalizing the drinking age so that it would be profitable to the businesses. Likewise, there have been many advantages and disadvantages of why should the government allow young adults drink under the age of 21. To prevent this issue, many Americans have provided reasoning that will support the idea of keeping the minimum legal drinking age where it is now. The government should maintain the minimum legal drinking ageRead More18 vs. 21: Drinking Age1389 Words   |  6 Pageswant to change the drinking age from 21 to 18, when there are other activities that have limit of age such as marriage at 18, driving at 16 and 35 to be a president? Alcohol plays a major role in today society, which becomes a controversial issue among teens. Alcohol is a mind-altering chemical that is potentially more dangerous than any other drug and can be very destructive. For past few years, many people are trying to lower the drinking age without knowing the negative effects of alcohol and how Read MoreMinimum Legal Drinking Agre1173 Words   |  5 PagesThe legal age of adulthood in the United States for most purposes is 18. At the age of 18, a person enters the realm of adulthood and is assigned the rights and responsibilities associated with this legal status. For example, an 18 year old can legally sign a contract and is bound by the terms and conditions of the contract. An 18 year old can marry without parental consent, serve on a jury, and vote in state and federal elections. An 18 year old who is charged with a crime is not tried in theRead MoreThe Legal Drinking Age Of The United States920 Words   |  4 Pages The legal drinking age has always been a debatable topic that people argue about all the time. Alcohol has been a drug problem for the majority of our young adults all around the world. The goal is to decrease the effects of underage drinking In the United States by keeping the legal drinking law 21. Every state had the right to their own lega l drinking age, therefore during the 1970 1980’s some states had 21 while others had 18. This problem was carried over when teenagers got behindRead MoreWhy Lowering The Drinking Age Is A Good Idea?. Lowering1627 Words   |  7 PagesWhy Lowering the Drinking Age is a Good Idea? Lowering the drinking age to 18 in the United States has been a source of controversy in recent years. It has been a controversial topic because many people disagree, while many agree with the topic. For example, the people who disagree and are against lowering the drinking age to 18 believe we should not lower the drinking age because 18 year old individuals are not responsible enough to drink alcohol. While, the people who agree we should lower theRead MoreThe Minimum Legal Drinking Age1594 Words   |  7 PagesThe Drinking Age is Safer than You Thought As Americans, we are always wondering what we can do to save lives. We suspect cancer, disease, suicide, violence, and distracted driving as taking the lives of our fellow Americans. What you may not know, is that we are already saving lives, and we have been since 1984 because of one simple law. The Uniform Drinking Age Act of 1984 moved the minimum legal drinking age from 18 to 21. Lowering the drinking age is a step backward for our safety and ourRead MoreThe Legal Drinking Age Should Not Be Lowered973 Words   |  4 Pages The Legal Age for Drinking Alcohol Should Not Be Lowered To 18 In the United States. Every state has the right to set its own legal drinking age. However, according to George Will in an article he wrote in the Washington Post about the legal drinking age, â€Å"drinking age paradox† â€Å"lowering the drinking age will cost the state ten percent of its federal highway funds and cause a significant uproar from contractors and construction unions.† It is therefore in the best interest of every citizenRead More The Drinking Age Should NOT Be Lowered Essay1006 Words   |  5 Pagesopposed to lowering the minimum legal drinking age. Choose Responsibility, a group founded by John McCardell, proposes that upon completion of a 40 hour course to educate young people about alcohol, 18, 19, and 20 year old people should be licensed to drink. The Amethyst Initiative, part of Choose Responsibility, is a petition to Congress to rethink the minimum legal drinking age. Several college leaders have signed this petition in the belief that lowerin g the minimum legal drinking age will reduce

International Management for Welspun Group - MyAssignmenthelp.com

Question: Discuss about theInternational Management for Welspun Group. Answer: Introduction The provided case study is about the Welspun Group which is not only one of the largest and fastest growing business organization of India, but also a well-renowned organization globally (Welspun.com 2017). In the past few years, globalizations has become the most discussed and major factor for the business organizations. According to Beck (2015), globalization is a method by which business organizations establish international influence or start operating on an international scale. Due to globalization, when the business organizations got an opportunity to expand their businesses to foreign countries, they grabbed it with both hands (Pieterse 2015). Welspun is also not an exception. From the case study it is clear that in order to make its presence in the international market, the organization expanded into several sectors such as pipe manufacturing, steel manufacturing along with energy sector. It is true that after these expansions the organization is experiencing noticeable grow th. However, it is also facing some challenges before them. The case study attempts to point out those challenges faced by the organization. Challenges faced by Welspun Group From the provided case study, it is clear that the organization has responded to the growing concept of globalization by entering into different and diversified business sectors. Until now, the business is running smoothly as it is seen that the company is gaining continuous profits and experiencing tremendous growth (Sheth 2016). However, as the opportunities in those markets are rising along with the demands of the consumers which are also rising, the chances are high that this diversified portfolio of the company will provide numerous challenges to Welspun Group. Therefore, currently business and product diversification which is the main factor of growth will become a major challenge for the organization. Some challenges that the organization will face while maintaining diversified business portfolio would be; Market Selection When compared with the other markets where Welspun Group is expanding their business, India is the biggest market in terms of opportunity. According to Khanna and Palepu (2013), India is one of the worlds biggest emerging markets after China where amount of competition is comparatively lower than any other country in the world (Joshi and Raichurkar 2016). On the other hand, legal and political rules and regulations are also negligible in the country. Welspun Group is now investing on their businesses in the UK and in the US where market competition is fierce and rules and governmental rules and regulations are also critical. Therefore, it can be stated that it is a risky decision taken by the management of the organization to expand in those countries. Manufacturing Facilities Opening manufacturing facilities in foreign country offers an element of uncertainty. Welspun Groups is habituated to operate in countries where there is stability in terms of political leadership and governmental rules and regulations (Kar 2015). In this situation, a sudden regime change can lead to monetary upheaval that can jeopardize the organizations long-term success. Complexity in Investment Complexity in investment will arrive in from two areas. One is normal investment and the other is business related costs. Jumping into new business ventures will divide the investment opportunities of the organization. For example, if the company only had one type of business such as textile, then it could invest a random $200,000 directly to the textile business. However, as the organization has now expanded in 3 new markets, this $200,000 will split up in total four parts. Each business will have only $50,000 as investment. It means, complexity will be added to the portfolio along with new management teams and bureaucratic costs that must be paid to maintain the investments over the long term. Business that operates in different product sectors requires different infrastructure, employees and training programs for those employees. The more diversify the organization will become; the more will decrease their ability to respond quickly and innovatively to the market changes (Dunning 2014). Besides, for each business, to develop and maintain different infrastructure, more capital will be invested. It will hurt the profitability of the organization in the future. Recommendation In order to deal with the up-coming challenges of the organization related to diversity in product and business sectors, the management of the organization can undertake two strategies which are geographic expansion and product diversification. Proper Geographic Expansion Doing geographic expansion is not enough as it should be done in a proper manner. Some proper steps to select a new market are hereby mentioned below. Look Before you Leap Before expanding further in any country the management of the organization will have to conduct proper researches to find out the customer buying behavior, political conditions, constraints related to governmental rules and regulations, labor related rules and relations and other factors in a proper manner (Sarasvathy et al. 2014). It is true that research and development costs are high but expansion in a new market without doing proper research will become more challenging and expensive for the organization. Make Intentions Clear Uncertainty of strategy and trend is of the biggest drains on any organization. If the intentions of the organization are not clear, the employees will make up their own versions of the story. Besides, as the company operates in different markets, it will become more difficult for the employees to understand the vision of the organization (Dau 2013). Therefore, before expanding to a new market, it is important to develop a set of goals that all the employees will follow, does not matter in which department or in which business sector they are in. Developing Proper Exit Strategy As mentioned by Zismer and Schuh (2016), even with proper marketing strategy and due diligence, it is always risky to expand in a new country. Most of the organizations fail while tackling new markets because of market dynamics of supply and demand. One of the main strategies to avoid cash siphon of geographic expansion is to maintain transparency. Costly distractions can be neglected by delivering transparency to key employees about strategic and monetary intentions. Proper Product Diversification strategy Objectives The management of the organization will have to set their objectives for product diversification. While expanding in a new market, it is recommended that the management of the organization can adapt a defensive approach to protect the business (Grant 2016). For example, if opportunity is limited in the new market and competition is high then it is required to take defensive approach. On the other hand if opportunity is high then the organization can undertake offensive approach to gather as much share as possible. Source It is already mentioned that developing manufacturing units in foreign countries is a tough job to do (Berry?Stlzle et al. 2013). Therefore, the organization can consider other options such as distributing products from other suppliers. Resource While expanding business in a new market, the management of the organization will have to find new suppliers and will have to develop an effective working relationship with them. It is also necessary to review the sales and marketing resources. Avoiding Risk Expanding in markets such as the UK and the US where a lot of organizations are successfully handling the demand of the consumers is risky for the business (Zismer and Schuh 2016). The management of the organization will have to expand in countries where the demand is high but existing companies are unable to meet the requirements. Conclusion In the end, it can be concluded that currently Welspun Group is experiencing serious growth in their business. Diversifying business is not an easy thing to do. However, the management of the organization is currently operating in diverse markets with ample amount of control. However, it is expected that due to extreme diverse products, the organization will several issues in the future. In this report, a detailed description is provided on the issues and challenges the organization is facing and will face in the near future. In the next part of the report, a recommendation is added for the management of the organization based on the challenges they are facing and their current business strategy. Currently the organization is expanding geographically and adapting product diversification strategy. Within both the strategies how the management can avoid risks and can achieve success are mentioned in the recommendation part. Reference List Beck, U., 2015. What is globalization?. John Wiley Sons. Berry?Stlzle, T.R., Hoyt, R.E. and Wende, S., 2013. Capital market development, competition, property rights, and the value of insurer product?line diversification: A cross?country analysis. Journal of Risk and Insurance, 80(2), pp.423-459. Dau, L.A., 2013. Learning across geographic space: Pro-market reforms, multinationalization strategy, and profitability. Journal of International Business Studies, 44(3), pp.235-262. Dunning, J.H., 2014. The Globalization of Business (Routledge Revivals): The Challenge of the 1990s. Routledge. Grant, R.M., 2016. Contemporary strategy analysis: Text and cases edition. John Wiley Sons. Joshi, V. and Raichurkar, P.P., 2016. Investment Opportunities in Decentralized Textile Industries-Cluster Development Approach: A Path Way. International journal on textile engineering and processes, p.13. Kar, M., 2015. The Role of Foreign Collaborations in the Textile and Clothing Sector. In The Indian Textile and Clothing Industry (pp. 69-82). Springer India. Khanna, T. and Palepu, K., 2013. Winning in emerging markets: A road map for strategy and execution. Harvard Business Press. Pieterse, J.N., 2015. Globalization and culture: Global mlange. Rowman Littlefield. Sarasvathy, S., Kumar, K., York, J.G. and Bhagavatula, S., 2014. An effectual approach to international entrepreneurship: overlaps, challenges, and provocative possibilities. Entrepreneurship Theory and Practice, 38(1), pp.71-93. Sheth, C.R., 2016. A Comparative Study on Cash Flow Statements of Welspun India Ltd. and Ghcl Ltd. Indian Journal of Applied Research, 5(7). Welspun.com. 2017. ":: WELSPUN ::". Welspun.Com. https://www.welspun.com/index.asp Zismer, D.K. and Schuh, D., 2016. Clinical service line strategy: managing the risks of geographic expansion. Healthcare Financial Management, 70(7), pp.50-58.