For the Business Opportunity Analysis Paper, I am trying to sell solar powered lanterns on the beautiful tropical island nation of Jamaica. It is located South of Cuba and West of Haiti in the Caribbean islands. Jamaica may have some economic, cultural, and political issues that can hurt business, but I have quite a few strategies and tricks up my sleeve to overcome those problems that will make my business prosper. In fact, I think the reason why Jamaica would be a great place to sell the product in is because of its problems. Where ever they see loss, I see gain opportunities. And I do not mean taking advantage of the people. I personally believe that there is nothing wrong with my business plans. In fact these plans will benefit the …show more content…
Outsourcing a factory to Jamaica will offer an openings for (cheap) unskilled labor, and not just in the manufacturing side. We would need to hire security and salesmen amongst our staff. I guarantee that we will have no problem getting applicants to hire. “Jobs are scarce and for every job there are literally hundreds of applicants. I remember an article about a bakery hiring I believe 10 ppl (people) and there were line ups of hundreds of applicants," warned an expat in Jamaica.” Another potential problem and a potential for gain is a cultural one. One thing that many of the Jamaicans are accustomed to is that many of them live in the dark or without electricity amongst other utilities for periods of time. Quotes from http://www.expatexchange.com/ctryguide/4111/60/Jamaica/Expat-Jamaica-10-Tips-for-Living-in-Jamaica, include: when asked what to bring when you move there “More solar things, like lights and phone charger.” Others include “A Generator (seriously), power cuts are rife and expect to be without power, internet or water for 2-3 days at a time.”, “get used to everything being at a much slower pace, and going without electricity and water”, and “We even have a dishwasher which we never used, since electricity here is extremely expensive.” http://blogs.discovermagazine.com/imageo/2014/12/18/satellite-view-cuba-night-reveals-impact-embargo-centrally-planned-communist-economy/ shows a satellite image of Jamaica at night.
The world is constantly becoming smaller and smaller as time progresses. A process of globalization is rapidly turning the world as we know it into economic opportunity waiting to be exploited. A large factor in this process is due to the advent of technology which is becoming more and more readily available to lesser developed countries. Countries such as Jamaica and other LDC’s are primary targets of economic globalization. In the film Life and Debt by Stephanie Black, we see the effects globalization has on Jamaican culture, industry, and agriculture.
In a world with numerous countries and adversities, every country has its different appeal. Sometimes we find ourselves comparing their similarities and differences, like there topography, culture, language, and so on. In this essay, based on my experiences and research, I am going to compare Jamaica and U.S. Although both countries are compelling in different ways, they hold more similarities than we even imagine. Jamaica and U.S are located in two different geographical settings. The U.S is a country which consists of 50 states covering North America, and surrounded by oceans on all sides. It’s the fourth-largest country in the world with a population of approximately 318.9 million people.
This report was commissioned to examine Bright Lights and Services Company diversification and business development strategy. Bright Lights and Services Company is a diversified company in Brightland located about 2500 miles southeast of Boston. BLSC was formed as a diversified company and evolved out of Biego in 1915 to provide electricity to the Brightland island residents. BLSC is the sole provider for all of the Brightland residents electrical needs. However, due to the decline in tourism, net income from electric revenues have remained flat despite price increases. In order to supplement BLSC’s revenue stream the company decided to diversify it's portfolio in 2007. Today BLSC, runs several businesses:
Jamaica is a land of diverse cultures. It has a number of different racial ethnic groups .The largest group however is the blacks or Africans so 'Jamaica’s culture' is predominantly black. Interwoven is also the European culture which these blacks learnt from their former white slaves masters. You will find Indians living in Jamaica also. Many Indians came to Jamaica as indentured servants and stayed, they too have an input in the Jamaica’s culture.
It was not until the 1960s that Jamaica became its own country free from British commandment. Once Britain left, the most Jamaican population live a very easy lifestyle but some have chosen a life of wrongdoing. But before that Jamaica has had even worse problems. With the natives being enslaved then killed, more slaves being imported, the depression, the crime, and the drug trafficking.
Today Jamaica is a commonwealth nation under Queen Elizabeth II as head of state and her appointee that represents her in the island is the Governor General. Jamaica has a democratic system that holds their election every 4 years to choose who will represent the island government. Jamaican have migrated overseas for various reasons, mainly for prosperity. Jamaica has a rich heritage which consists of African, Chinese and Indians, which solidifies our motto “out of many one
As of July 2014 the population of Jamaica is 2,930,050 people, which is completely understandable considering its awesome climate! The island’s climate varies depending on your location on the island. On the coast the temperatures tend to be tropical, hot and humid, but more temperate inland. The capital of the island, Kingston, has average July high temperatures of 90 degrees Fahrenheit and January average low temperatures of 66 degrees Fahrenheit. (Briney)
One of the most challenging things that Jamaicans have had to cope with is the physical and psychological isolation. On the island, the country is so small that it is easy to visit extended family members on a daily basis. Here, in the United States, however,
According to CNN’s Will Ripley, Cuba’s crumbling infrastructures don’t seem to be ready to welcome a surge of tourist; as there has already been a shortage of hotel and other accommodation. There are also some other noteworthy tips to remember if you are considering to travel to Cuba soon. Including the unconventional Cuban convertible peso currency for foreigners and tremendous tax slapped on U.S. dollars. For details, have a look of the video:
Jamaican is a bright and beautiful full of beaches and tropical weather Jamaica is a country which inspires its people to move forward as a country and as a nation. Their history speaks about experiences and successes of the citizens of Jamaica through fight by the people of Jamaica.”
Jamaica is a small island in the Caribbean Sea, where many tourists go for the lovely weather and beaches. When tourists are there they don’t see that fact that Jamaica is a developing country. In the movie Life and Debt they show that it is in the developing, the also bring up the rules that the IMF gave them. It also gives a view on which developing course Jamaica is following.
Its placement gives the country a tropical rainy climate and a tropical summer rain climate (White et al., p. 296). The country experiences average daily temperatures of 60 to 90 degrees Fahrenheit, which tend to favor the upper end (Mordecai, p. 2). Being a tropical climate, Jamaica encounters both rain and sun every day. The coastal areas of Jamaica have about 8 hours of sun per day, whereas the inland areas only have about 6 hours of sun per day and endure an afternoon of showers and clouds frequently (p. 2). I vacationed in Montego Bay, Jamaica in the summer of 2014 and I can attest to the variations of weather within a day. The mornings would be sunny and hot with just a slight breeze, and then early afternoon became cloudy and rainy. The rain would only last about an hour at a time, but afterwards would be incredibly humid. Because of its placement and climate, Jamaica is highly susceptible to tropical cyclones and earthquakes. Tropical cyclones are more common in Jamaica, with the most recent threat from Hurricane Matthew in October. However, earthquakes are equally as frequent because Jamaica lies on the edge of the Caribbean Plate which transforms beside the North American Plate (p.
With all these new clubs opening up, a lot of tourists from around the world wanted to experience the night life of Jamaica and dance to the fun rythms of Reggae. [XX Source XX] stated that, “personal and economic freedom can strengthen local culture rather than debase it, creating music so unique and infectious that imitators will spring up on the other side of the globe.” Music brought money which brought urbanization. People from all over the world loved listening to Reggae, so many tourists were attracted to the country. Will all this new incoming profit, Jamaica was able to reform their
With the signing of the IMF agreement the standard of living of many Jamaicans will be affected during the life of the agreement. As the government continues to face economic pressure because of the global recession and with the IMF agreements, Jamaicans will have to cut back on their spending because of the imposition on the new taxes. When these taxes are imposed, Jamaicans can expect to see an increase in many areas like bus fare, barber shop/salon, gas price etc. all these basic necessities will be even harder than before to acquire. Person who has been examining their budget before will be watching their budget even closer. With the extremely hard times that a many people are about to face, many Jamaicans will lose confident in the government or blame the government because of their failure to take the country out of the current economic crisis, or even more so blaming the government to return to the IMF because of the economic strain it had on the country before, also with the cut back of Constituency Development Fund, many people will be more irated knowing that their “bad road” or shortage of water will have a less chance of been fixed. Many social gathering like parties and clubs
C.K.K. Sekyere, F.K. Forson, F.O. Akuffo, “Technical and economic studies on lighting systems: A case for LED lanterns and CFLs in rural Ghana”. Published On 2012.