Conflicts of Interest Essay

There are a wide range of definitions for Conflict of Interest, however most all mean the equivalent or point to a similar course. At the point when blessings, outside exercises, for example, counseling, or monetary and guardian intrigue can possibly make a specific choice or responsibility with a business it is viewed as irreconcilable situation. Despite the fact that there are various definitions the one embraced by the Institute of Medicine is useful. It states, â€Å"A irreconcilable circumstance is a situation that makes a hazard that proficient judgment or activities with respect to an essential intrigue will be unduly affected by an auxiliary interest.† An irreconcilable circumstance for the most part happens in a couple of basic ways. One might be the point at which an individual has the chance to utilize his/her partners’ position for individual monetary benefit or advantage an organization wherein the individual has a money related premium. Another way is when outside money related improperly impact the manner by which an individual does his/her partners’ obligations. The last most basic method of irreconcilable circumstance is the point at which an individual’s outside interests in any case may make hurt partners’ notoriety, staff, or patients. Irreconcilable circumstances are frequently unavoidable and as a rule can be suitably overseen or diminished to a satisfactory level. The individuals in the business should see outside movement, intrigue, or communication that can possibly make strife. A couple of irreconcilable situation models that are not satisfactory are: Receiving a blessing from a merchant. For instance, Aaron works for a counseling firm. He acknowledges a huge blessing from a customer in return for a markdown on the administrations his manager gives. Being identified with laborers and giving them unexpected treatment in comparison to the standard representative. For instance, John works for an organization that is overseen by Uncle Steve. John reports to Uncle Steve to get salary increases, advancements and different advantages that others in his equivalent position don't get. Accomplishing independent work for a contending organization as an afterthought. For instance, Melissa works all day for Canon as an advertising chief. In her extra time, she accomplishes independent work for Nikon, assisting with promoting their organization with the abilities she has gained from Canon. Richard Parsons is a piece of two distinct organizations. â€Å"Because Parsons has an obvious fiduciaryâ duty to Citibank’s investors and must put their enthusiasm in front of his or anybody else’s, his budgetary stake in Providence resembles a worldview of an irreconcilable situation †also the way that Citibank, with every one of its issues, presumably needs the full-time consideration of the executive of its board.† As expressed in the content it is accepted to be irreconcilable situation since Mr. Parsons is engaged with the two organizations. Citibank anyway doesn't see it being an irreconcilable situation, and in certainty says they would not permit â€Å"even the appearance† of irreconcilable circumstance. On occasion Prov idence needs financing and Citibank regularly loan them cash. It is accepted the two organizations have such incredible connection on account of Richard Parsons. The two organizations acknowledge an arrangement they will profit by, however is it the best arrangement Citi can have? Despite the fact that Citibank accepts there is no irreconcilable circumstance there might be. The two organizations can profit by one arrangement, yet Citi bank can arrange an arrangement that they can profit by additional. Why don’t they arrange a superior arrangement however? On the off chance that they do get a superior arrangement it will have the chance of harming Providence. Richard Parsons may not be a piece of the arrangement, yet the moderators know who their supervisor is and don't have any desire to make his business look terrible. Since Richard Parsons is in both business it makes irreconcilable situation he doesn't mean for. It additionally makes unscrupulous activities happen. In spite of the fact that they aren’t purposeful they despite everything occur. It is deceptive for one individual to influence the two organizations, their arrangements, and their prosperity. Keyon Communications is a broadband supplier that is worth about just four pennies. In 200 9 the organizations loaded moved from four pennies to two dollars and ten pennies. The unavoidable issue is how? Financial specialists offer up the company’s stock and trust in it to take off. Obviously the organization trusted it was a billion dollar organization, yet the fact of the matter is the loaded was powered up by Joe Noel. Joe Noel was an investigator for Emerging Growth Research. He leaves well enough alone that Keyon granted him seventy 5,000 offers before he even started covering the organization. The company’s stock in the long run went down and indicated that the company’s stock was really just ninety five pennies. The writings expresses that it is less sure whether there is irreconcilable circumstance or not, yet it trust it is simpler to decide for the situation with Joe Noel and Keyon Communication. Joe Noel acknowledged a lot of offers before he helped their sock. Giving Joe Noel such offers moved him to put resources into their organization. One of the most effortless irreconcilable circumstance to see is the point at which a blessing orâ something is acknowledged from a seller, and the merchant realizes it will in the end advantage them. It was exploitative for Joe Noel to support their stock to such an extent. It delude others in deduction the organization was preferable and worth progressively over it genuinely was. I accept individuals don't go around talking about or suggesting explicit stocks except if they are inquired. It very well may be viewed a s irreconcilable situation to talk about speculations since somebody can put resources into a specific organization to profit somebody or a business. Companions may examine stocks and ventures and can make irreconcilable circumstance or can basically suggest certain speculations and talk about what might be ideal. In the event that somebody get some information about your speculations it is alright to examine, yet not to make bargains that will be viewed as irreconcilable circumstance. Each organization ought to have an arrangement to stay away from irreconcilable situation. The arrangement must included numerous things however some principle ones are: The representative owes an obligation of dedication to the organization. Consistently when on the job, regardless of time or spot, workers ought to commit their complete consideration to the company’s business and their obligations. A worker must stay away from any movement that contentions with their enthusiasm of the organization. A representative must unveil a possible clash ahead of time. Outside business is restricted except if endorsed by the business ahead of time. The organization will deny authorization for such outside business if anytime it antagonistically influences the employee’s capacity, wellness, or status to work.

Case Study -- Report Essay Example | Topics and Well Written Essays - 1750 words

Contextual investigation - Report - Essay Example The paper is legitimately pertinent to the case in which the executives of representative relations and pledge to the association is the core of all issues experienced at Ancol. (Wilde, 1985) The subsequent paper is â€Å"Fostering a domain of representative commitment to build duty and motivation† by Geoffrey C Lloyd. This paper utilizes a contextual investigation to hand-off its point. It is considering British Gas Company which prevailing after they actualized their boss executive’s recommendation. The paper accentuates on different manners by which a situation of worker commitment can be developed in an association. It lays center around the significance of strengthening, accelerating of correspondence process among the board and workers and offers exhortation to organizations who are considering rebuilding their association. The paper is exceptionally pertinent to Ancol. Indeed, even Ancol is battling with empowering work place efficiency, checking absteeniesm and setting up sound relations among the board and representatives. The paper will offer understanding into methods of improving things at Ancol and has a rich writing that will give more space for basic reasoning and investigation. (LIoyd, 1996) The third paper is â€Å"Work Structuring for representative motivation† by Lyndon Jones. ... This is a moderately little yet significant paper that clarifies manners by which great sound connections can be cultivated in a work place condition; on the sort of human asset approaches that ought to be received. Examination: Sims had been as of late designated as the supervisor of the Sheparton plant of Ancol. This was a significant point in his vocation and he needed to sort things out at Ancol by utilizing his administration mastery. When Sims entered Ancol, he understood that the administration and worker relations were seriously stressed inside the association. There were some significant tiffs among them and they were not eye to eye as for the authoritative objectives. Subsequently, the focal point of all his center was improving ties between the administration and workers. In this offer to improve ties between the administration and the workers, he request the expulsion of time tickers from the plant. He felt that this signal will achieve another degree of validity and fort ify relations between the workers and the administration at the site. The effect of this move was not totally beneficial. It proved to be productive at first however didn't have sweeping positive repercussions. The motion was acknowledged at first and many felt that was a positive exertion by the plant director. Be that as it may, the issues started springing up two months after the fact. Absteenism in the plant rose, efficiency levels declined and different issues began rising. This issue must be handled. Sims attempted to take care of the issue by giving extra duties to administrators of taking care of emplolyee passageway and leaving issues and talking about it with them. yet, the chiefs had no related knowledge at this and didn't have the

Recognition free essay sample

The previous summer I went to Manasquan, a town on the bank of New Jersey. Presently, having carried on with as long as I can remember in the northwest rural areas of Chicago and having seen a considerable amount of the scholarly disaster that is the show Jersey Shore, it’s not astounding that the shoreline of the Garden State was irrefutably the last spot I expected to locate another comprehension of the human association. Anyway subsequent to going through a day with my sibling Aidan, his companion Ted conversing with self-broadcasted rapper Andrew â€Å"Cozy† Cozenza, I found that I was dead off-base. The primary night we appeared in Manasquan would establish the pace for the remainder of the outing. We chose to go for a late night stroll along the promenade and express hey to everybody we met, normally beginning with a welcome of â€Å"Hey fellow! Whatcha up to?† After conversing with a couple of gatherings of individuals, we came back to the sea shore house resolved to meet whatever number new individuals as could be expected under the circumstances in the following week. We will compose a custom exposition test on Acknowledgment or on the other hand any comparable point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page In the days to come, we would wind up coming back to the heaps of mammoth solid T-shapes that were masterminded in heaps around a close by wharf so as to forestall disintegration, (named the T-rocks) just to stay nearby and talk with the characters that would appear. One of the first of these characters we met was a rapper who called himself Cozy. At the point when we initially observed Cozy, he was perched on the T-rocks battling to expel a struggle from the snare of his angling rod shaft. â€Å"Hey fellow! What’s up?† Cozy turned upward from his fish. â€Å"Oh hello, simply attempting to take this wallow off the line.† We climbed over the stones to draw nearer. â€Å"Nice get! What’s your name man?† Comfortable abandoned unraveling his fumble and cleared his hands off on his wetsuit. â€Å"Andrew, however I pass by Cozy a large portion of the time.† â€Å"Wait†¦ You’re Cozy?!† The T-rocks were canvassed in spray painting; names and pictures were splashed and drawn all over the place, however by a long shot the most noticeable tag showered on the rocks was a straightforward â€Å"Cozy† scribbled in purple shower paint. Comfortable let out a short laugh. â€Å"Yeah, you’ve seen my tags?† â€Å"They’re kinda difficult to miss, you showered them on essentially every rock.† Ted answered, inclining toward his elbow. Comfortable shrugged. â€Å"Yeah, isn’t it sweet?† We looked between one another. â€Å"Yeah†¦ they’re really cool I guess.† â€Å"Just getting the name out there man, everybody who comes here observes the tag. It’s great to be known for something around here.† As we strolled our way back to the sea shore house snickering about Cozy’s should be remembered, we ran over a gathering of individuals with cameras and receivers shooting what seemed to be a business for a neighborhood material organization. â€Å"Hey fellow, what’s with all the cameras?† I asked the man with the amplifier. â€Å"We’re shooting a business for Robert Haines Roofing.† He said with a grin. â€Å"Gotta get the name out there you know?†

Why You Should Hire a Professional Ghost Writer For Your Essay Topics

Why You Should Hire a Professional Ghost Writer For Your Essay TopicsGhost writing is the process of ghost writing a short story, essay, or report. It can be used as a means of either self-referral for work, or by an employer to achieve a different kind of boost for an employee who has achieved a particular level in a particular area. A ghost writer can work with any professional company that would like to hire a ghost writer to create a ghost-written work, for example a newsletter or article.Ghost writing is not just limited to professional use either. Even a personal essay can become a ghost-written essay. Personal essays for home-schoolers, sports related essays, and other personalized essays for teachers can all be completed by a ghost writer. Ghost writing can be used to help with both content and distribution, and it can do wonders for someone that is trying to get back into the workforce.One of the best things about ghost writing is that it is a legal term, meaning that any em ployer or any client that finds out they have been hired to ghost write an assignment or report, can then sue the ghost writer in court. The truth is that the legal system takes such things very seriously. Since the legal term for ghost writing is actually 'opinion,' many ghost writers tend to describe their work as opinions, thus making it easier for an employer to get away with it. Many times, when you are hired to ghost write something, you are only doing it in order to save a buck.Another great thing about hiring a ghost writer is that it allows you to hire someone else. This allows you to expand your horizons, which is important in a hectic life.There are many advantages to hiring ghost writers, especially in the realm of professional writing. By hiring a ghost writer, you get the unique advantage of a ghost writer who has done their research and has an idea of what it takes to write a great draft.In fact, there are many reputable ghost writers that work for a reasonable fee. T hey will come up with topics and some strategies that allow them to keep their fee down while still creating a quality piece. Of course, their fee must be paid in advance and the ghost writers have to approve all the assignments they do.This is why it's important to hire professionals, which is why it is much better to use professional ghost writers rather than individuals. It allows for more flexibility, since you get the benefit of ghost writers who know what they are doing, and who are willing to go out and find topics for you.

The Evaluation of Five Websites About Cloning Based on...

The Evaluation of five Websites about Cloning based on their Credibility and support by peer-reviewed Articles Introduction Ever since the birth of the first cloned sheep, named Dolly, the dream of human cloning has existed (Van Dijck, 1999). Cloning a mammal is described as the manipulation of an animal or human cell in order to create an identical copy of that animal’s or human’s nucleic DNA (Andrews, 1997). Though the dream of a human clone also comes with a lot of controversy regarding ethics and morals. Embryotic stem cell research, which could lead to a renewable source of human tissue, cells and eventually entire organs (Bowring, 2004), is highly controversial due to the necessity of placing a cloned embryo into a woman’s body†¦show more content†¦The website also elaborates on the history of animal cloning as it lists all animals that have successfully been cloned before, which includes: tadpole, sheep, goats, cows, mice, pigs, cats, rabbits, and a gaur. Furthermore it discusses the implication of cloned organs as transplants and touches up on the risk o f cloning. The ethical side of cloning is also discussed shortly. Even though the website is not a peer-reviewed journal or article and does not provide proper references, it provides accurate, though old, information about cloning. The information specified can be backed up by a peer-reviewed article (Bowring, 2004), but as references are missing this website does not qualify as a highly suitable website. Furthermore the information given is moderately old, as for example; the list of cloned animals misses to mention the cloning of a dog, which was successfully achieved in 2005 (Levine, 2009). Proper referencing and peer reviewing could have helped to make this website more credible but with those factors missing the â€Å"Cloning Fact Sheet† website only qualifies as a moderately proper website and is therefore ranked as number 3. 4. â€Å"Health Canada - Human Cloning† The article †Human Cloning† on the â€Å"Health-Canada† website explains the issues surrounding therapeutic and reproductive human cloning. Additionally it introduces someShow MoreRelatedCloud Computing Security67046 Words   |  269 Pagescloudsecurityalliance.org/guidance/csaguide.v2.1.pdf (version 2 guidance) http://www.cloudsecurityalliance.org/guidance/csaguide.v1.0.pdf (version 1 guidance) In a departure from the second version of our guidance, each domain was assigned its own editor and peer reviewed by industry experts. The structure and numbering of the domains align with industry standards and best practices. We encourage the adoption of this guidance as a good operating practice in strategic management of cloud services. These white papersRead MoreMarketing Management 14th Edition Test Bank Kotler Test Bank173911 Words   |  696 PagesMarketing Management, 14e (Kotler/Keller) Chapter 1 Defining Marketing for the 21st Century 1) Which of the following statements about marketing is true? A) It is of little importance when products are standardized. B) It can help create jobs in the economy by increasing demand for goods and services. C) It helps to build a loyal customer base but has no impact on a firms intangible assets. D) It is more important for bigger organizations than smaller ones. E) It is seldom used by nonprofitRead MoreOrganisational Theory230255 Words   |  922 Pagestruth is out there, and we can objectively know it Philosophical disputes around the role of the subjective in science Epistemological and ontolological disputes: how can we ever know the ‘truth’ and is there an ‘out there’? A few words of warning about the term postmodernism Overview of the structure and rationale of the book Chapter summaries Chapter 2: Modernist organization theory: back to the future? Chapter 3: Neo-modernist organization theory: putting people first? Chapter 4: Neo-modernist

Essay on Defense Of Slavery - 1108 Words

Throughout history many things have happened that were by many thought to be unconscionable. Yet, the people who were putting their mark of unacceptance upon those committing these thought to be deplorable acts, were unaware of the actual situations, and in many cases, committing the same acts themselves. This was true during the Holy Wars, the Crusades and similar events. People who were not involved, often thought these acts of inhumanity to be reprehensible, but the parties involved, in their minds, had just cause for what they were doing. When looking back at events such as these, one can’t help but wonder, â€Å"what the heck were they thinking?† When in actuality the people of those times felt that what they were doing was totally†¦show more content†¦Slave holders always had to make sure that they took care of their slaves like they took care of the rest of their property, with care and pride. For if a slave were to perish, then that was a loss of money that wasalready spent, not just a loss of another replaceable worker. nbsp;nbsp;nbsp;nbsp;nbsp;Another defense for slavery is to take a look at the African civilizations of that time. Though many Africans in their homeland were peaceful, almost no evident technological advances had been made in Africa. Africans appeared to be barbaric and uncultured. Slavery was a way to help and provide a better way of life for them. By giving them a religion and a place to work and better communicate with one another, the slave holders were helping the Africans to achieve a better way of life. To this day, many of the descendants of former slaves still practice the Christianity that was forced upon them by their owners. Evidence of life being better here is the fact that many of the slaves chose not to return to Africa after the demise of slavery. nbsp;nbsp;nbsp;nbsp;nbsp;Living conditions for slaves in many instances were more than adequate. Slaves had talked of how slave masters would let slaves marry.2 Days off of work were allowed at times, and the work day for a slave was also in manyShow MoreRelatedThe Antebellum World View: Assumptions About Slavery Held by Many Southerners939 Words   |  4 PagesView: Assumptions about Slavery held by many Southerners After the end of the Revolutionary War in 1783, issues arose concerning the institution of slavery in the Americas. Most of the inhabitants in the North wanted abolition of the slave trade and of slavery, but there were many who opposed this view, primarily in the Southern States below Virginia. Pro-slavery apologists contributed many different view-points of the argument for slavery. 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Some would say that pro-slavery southerners had every right to use the Bible to support their beliefs. When Northerners began to use the Bible against slavery, southerners used this same argument to support it. Slavery was a practiceRead MoreJohn Brown Was Not Justified in His Raids Essay959 Words   |  4 PagesJohn Brown was a man who lived in the mid eighteen-hundreds and who fought against the evil of slavery. He had a very strong belief that slavery was unjust, and this is true, but he thought that in order to abolish slavery, violence would be the best method. That’s where he went wrong. John Brown led two attacks on slave owners and those who supported slavery, the first at Pottawatomie Creek, Kansas on May 24th, 1856, and the second at Harper Ferry, Virginia on October 16th, 1859. At PottawatomieRead MoreThe Slavery Of The United States Of America Essay1279 Words   |  6 Pages In reaction to the longstanding injustices of slavery in the United States of America, revolutionaries known as abolitionists provided and shared their philosophies and courses of action i n order to lead others in joining them to dispose of the enslavement of their fellow man and woman. There were, of course, diverse viewpoints and ideas in how freeing the enslaved would go about and why it was important. Leading abolitionists, including John Brown, Angelina Grimke, William Lloyd Garrison, and FrederickRead MoreThe Transatlantic Trade During The 1700s1337 Words   |  6 Pagesmodern times, slavery has found a way to rear its ugly head in one way or another. It would appear that a person being a chattel to another person, as Merriam-Webster defines slavery, has been around for practically an eternity. Not only has it been –and still is –present, but slavery has been worldwide. No matter what type of slavery –forced labor, debt labor, sex slavery, or child slavery- the topic has proven to be very controversial in history. For American history in particular, slavery is one reasonRead MoreThe Second Amendment Of The United States1725 Words   |   7 Pagesviewed as a major factor that led to a new constitution. Though, Federalists and Anti-Federalists state their positions regarding gun control and its standing armies. Gun culture will continue to change through the ages in the United States while slavery and abolition contribute to an ongoing process of gun control debates. The significance on American gun debate, the Second Amendment, and tracing the history from the eighteenth century will have an effect on the nation we live in today. This complexRead MoreThe Civil War Of The United States1270 Words   |  6 Pagesbecome divided down the middle over slavery, a mainstay that helped the economic growth of this country? As the northern states population grew and expanded westward their anti-slavery beliefs began to spread faster than the pro-slavery beliefs of the southern plantation owners. This influx of an anti-slavery population began to use the senate as a platform to question the use of slavery, causing the southern elitists to strengthen their defenses in support of slavery. Many southerners feared theirRead MoreAnalysis Of Celia, A Slave, The Accounts Of One Woman s Life1121 Words   |  5 Pagestransgressing another†. During the 1850s, the United States was involved in a heated debate over the issue of slavery. Many of the residents of the state of Missouri, and nearby Kansas were fighting over the issue of slavery. The idea of popular sovereignty, where people who lived in a region should determine for themselves the nature of their government, or in this case the issue of slavery, brought fierce debate and caused conflicts between groups. In Melton A. McLaurin book, Celia, A Slave, theRead MoreThe Struggle Of The Civil War1492 Words   |  6 Pageswas not fought over slavery, citing the limited number of slave-owning households in the state. While the majority of Texans did not own slaves, it would be inaccurate to argue that they were therefore against slavery. Texas, represen tative of other southern states that supported slavery, had a vested interest in preserving the institution at all costs, which is why they risked their lives over it. Moreover, Texans may argue that the civil war was about states’ rights or defense of the southern â€Å"way

Management And American Based Company That Manufactures Motorcycles

Question: Discuss On American Based Company That Manufactures Motorcycles? Answer: Introduction UM-Motorcycles, also known as United Motors, is an American based company that manufactures motorcycles. The company was formed by Octavio Villegas Llano in the early 2000s and has its headquarters based in Miami while its manufacturing facilities are located in China and Taiwan. UM-Motorcycles was founded in 1951 in Columbia. The company has been expanding its business in the international market and has its business operations running in 25 nations with almost 1200 outlets at present. UM-Motorcycles in India The company has been expanding its business at a fast pace and a recent expansion of the company has been into the Indian market. The Indian market holds a lot of potential for two wheeler companies as it accounts for 78 percent of the total global two wheeler demand. The company entered the Indian market in 2016 by starting a 50:50 joint venture with Lohia Auto and invested around 100 crores INR to set up a manufacturing plant in Kashipur, Uttarakhand. The plant has a capacity of producing 5000 units in a month. The company is now operating under the name of UM Lohia in the Indian market and is rolling out two different variants of 280cc motorcycles Renegade Commando and Renegade Sport S (UM motorcycle seeks entry into the Indian scooter market, 2016). The company has identified the potential that the Indian market has to offer for two wheeler companies and is planning to exponentially expand its business in India and its neighbouring countries by the end of 2019. In an Auto Expo, where the company first showcased its two wheelers, the company was not able to grab the interest of the ultra-conscious Indian customers. It was only when the company announced the price of its cruiser bikes that it was able to spike the interest for its two wheelers in the Indian market. The company prices its products in a range that is affordable as per the Indian standards and is highly competitive as compared to the substitute products (Bawikar, 2016). The company has received a good response in the Indian market and is not planning to invest more resources so that it can start manufacturing engines for its two wheelers locally and reducing the prices even further (UM Motorcycles mulls manufacturing engines in India, 2016). UM Motorcycle market position in India The Indian market has a lot of demand for two wheeler vehicles because of its rising population and increasing purchasing power of the customers. The Indian population is diverse and there is a lot of demand for two wheelers belonging to all sections. At present, two major players in the Indian market are Royal Enfield and Harley Davidson. Without a doubt, Harley Davidson outperforms its competitors in terms of design, quality and performance but then the price difference between a Harley Davidson two wheeler and a two wheeler by Royal Enfield is around 3 lakhs INR. Most of the Indian customers desire to own a Harley Davidson two wheeler but the high price of the products makes it difficult for the customers to afford it. Thus, the company is left with Royal Enfield as the only option when it comes to cruiser bikes. The ability of UM Motorcycles to offer cruiser motorcycles in a range that lies in between the two is a competitive advantage for the firm and the firm has already receiv ed around 4,000 orders from the Indian market. A major issue that the company might face in the Indian market is that companies like Bajaj, Hero and Honda have already taken a huge market share when it comes to entry level segment of two wheelers and the Indian customers are happy with the quality of products that these companies are offering. The company has been planning to double up its manufacturing capacity by the end of 2017 because of the rising demands of its products in the market. UM Lohia has also revealed that it will be introducing two different two wheeler products in the Indian market that would be priced below the price of 1 lakh INR, which will definitely help the company in outperforming its competitors in the Indian market. Thus, the company has a bright future in the Indian market and the companys plan to invest additional resources to make the prices of its two wheelers even more cheap will have a huge impact on the Indian two wheeler market. The above chart shows the market share of different two wheeler companies in India during March 2016 (TeamBHP, 2016) Impact of UM Motorcycles on Indian economy The company has already been having a huge impact on the Indian two wheeler market and the Indian economy on the whole. The company has already invested around 100 crores in the Indian market to set up its plant and is planning to invest another 50 crores to set up a new plant that would allow the company to manufacture its engines and related parts locally rather than importing them from other foreign subsidiaries. The company has been expanding its operations in the Indian market at such a fast pace that at present, the company has around 71 dealerships in India spread across 50 cities and is planning to set up more dealerships to maximise its sales. This has definitely been having a huge impact on the Indian economy as with the foreign investment that the company is bringing into the country, there are more and more job opportunities opening up for the Indian employees in the plants that the company has set up and also in the dealerships that the company has started. Further, the growth of UM Motorcycles will also provide a boost to the Indian GDP because most of the Indian customer have a desire for premium and cruiser bikes but the demand for higher end or premium motorcycles has been restricted because of high prices. Once UM is able to come out with affordable premium and cruiser bikes, the demand for bikes will rise with a consequent rise in the production. Thus, the complete cycle will help in boosting up Indias GDP. Conclusion UM motorcycles definitely has an obvious chance of grasping a large market share in India because of the ability of the company to satisfy the demands of the Indian customers by providing them with two wheelers that are competitive in terms of price, features as well as quality. The only thing that the company needs to keep in mind with respect to the Indian market is that the Indian customers are price conscious and also give a huge importance to product life and quality. Thus, by keeping the prices of the two wheelers steady and competitive and also by ensuring higher quality products, UM Motorcycles has a high chance of outperforming companies like Bajaj, Hero and Honda in the near future. References UM motorcycle seeks entry into the Indian scooter market. (2016, August 13). Retrieved April 26, 2017, from www.deccanchronicle.com: https://www.deccanchronicle.com/business/autos/130816/um-motorcycle-is-pondering-to-entry-in-indian-scooter-market.html Bawikar, P. (2016, July 23). UM Renegade cruisers are desirable, but they have a lot to live up to. Retrieved April 25, 2017, from www.hindustantimes.com: https://www.hindustantimes.com/autos/um-renegade-commando-sport-s-desirable-cruisers-but-have-a-lot-to-live-up-to/story-6TrbaDbeuWYt1uPpOW5OtI.html UM Motorcycles mulls manufacturing engines in India. (2016, September 22). Retrieved April 26, 2017, from www.moneycontrol.com: https://www.moneycontrol.com/news/business/companies/um-motorcycles-mulls-manufacturing-enginesindia-962760.html TeamBHP. (2016). March' 16 market share