Day care in the chicago, IL downtown area Assignment

Day care in the chicago, IL downtown area - Assignment Example Globalization on different parts of the continent has made it difficult for parents to provide for and at the same time care for their children. This is caused by the changes in the economy amongst other factors that influences a parents’ ability to stay at home and take care of the children. This is a big problem as several reported cases on burnt or burgled homes; always involve young children left at home alone by their parents. Chicago, IL Downtown Area is famous for daycare services because of its diverse population. A daycare service center in Chicago, IL Downtown Area will be of great significance to working parents and single parents as it will provide them with an opportunity to live their children under the care of trained individuals and safe environments. Situational Analysis The situational analysis of the daycare in the Chicago, IL Downtown Area refers to the general position at which the day care is operating. The situational analysis of the daycare in Chicago i s also the SWOT analysis of the daycare. The daycare in Chicago stands to benefit from numerous opportunities available in the city like the loans and other credit for commencing the business offered to small businesses by various workshops in Chicago. However, policies and procedures in the Chicago, IL Downtown Area might pose a challenge for the daycare because of the time and resources that will be used in registering the daycare and making it formal(Connell 202). The weaknesses that the daycare in IL Downtown Area will be experiencing are that it may be able to provide individualized attention for each individual child brought in their care. Secondly, is that it may not accrue much profits when it decides to refuse to take ill children inside their premises. The threats of the daycare in the Chicago, IL Downtown Area is that it will expose children brought inside the premises to various diseases because of the many children who will be attending the facility and they might be he ld accountable for the spread of diseases or sicknesses amongst the toddlers (Hershfield 49). Market Summary The demand for services in the Chicago, IL Downtown Area is increasing by the day as most parents and single parents find themselves committed to other productive and non-productive activities like taking nightshift employment or going out on a night dinner. The market is flooded by several daycare services and each are coming with strategies to outdo each other in the market. In addition, to the targeted single and working parents, daycares in Chicago, IL Downtown area also targets the non-working rich parents and sick parents. These types of individuals always lead a lavished lifestyle and at times are uncomfortable with the responsibilities of looking after their young ones. Sick parents are not always in positions to take good care of their young ones since their sickness drains off their energy. This is disturbing as they find it challenging to monitor their selves whils t at the same time looking after their babies (Hershfield 50). Market Demographics Market demographic factors involves factors like age, sex, economic status level of education, income amongst other factors influencing the choice of a consumer in purchasing. Market demographics will be of significance to the daycare in Chicago, IL Downtown Area as it assists in identifying targeted audiences. This is resourceful as the company is able make a prediction using the demographics available to set up a center that will serve the needs of the existing population in the area. The composition of population will also assist in obtaining data used by the company to relocate resourceful information by the daycare on the

The 1980s Crisis Essay Example | Topics and Well Written Essays - 2000 words

The 1980s Crisis - Essay Example This was caused by excessive and continous borrowings even at a negative interest rates and rising commodities which was aggravated by the the Organizationof Petroleum Exporting Countries (OPEC) decision to raise the price of fuel which drove the interest rate of repayment and made the Latin American countries, particularly Mexico unable to service its loans (Buerkle, 2007). II. Background In the 1960s and 1970s, Latin American countries likeArgentina, Brazil and Mexico was experiencing tremendous growth in their respective economies (Swan, 1992). They capitalized on this growth by embarking on an industrialization program and borrowed heavily from foreign creditors to finance their industrialization program particularly their infrastructure projects. Given the performance and the prospect of the economies of these Latin American countries, foreign creditors granted them loans. These loans continued that in the span of seven years (1975 to 1982) of continuous loans, it had a cumulati ve annual rate of 20.4 percent. This translated to the contiunous accumulation of debts. Latin American country’s loans which was only $75 in 1975 rose to a staggering amount of more than $315 in 1983. These loans already amounted half of the region’s GDP or Gross Domestic Product. As a consequence, debt payment, both on the principal and the interest, increased rapidly that it amounted to $66 billion in 1982 when debt service was only $12 billion back in 1975. The Oil Crisis When the Organizationof Petroleum Exporting Countries (OPEC) initiated in October of 1973 the increase of the world price of oil to as much as much as five times and backed by a selective embargo which was directed against the industrialized countries, Latin America and developing countries took the hit because of their vulnerability to external shocks (Street, 1978). Of the 19 countries that has to import oil, they have to pay OPEC’s increased price by an additional amount of $4.8 billion more in 1975 and added $5.2 billion in 1975 (Robichek, 1975:1). To make the matter worst, Latin American countries’ trade fell as a result of the global recession that was aggravated by the OPEC’s decision to increase the price of oil. As a result, the demand for Latin America’s primary products decreased while production cost increased because the price of imported materials from industrial nations also increased due to the increase of price in oil. This resulted to the region’s â€Å"deterioration of balance of payments current accounts of $2.5 billion above their expanded oil import costs in 1974, and of $2.9 billion in 1975† (Robichek, 1975:1). The Effect of the Oil Crisis OPEC’s decision to increase the price of oil contributed to the recession of the US economy in 1974 to 1975. This decreased the demand for loans in the domestic economy. These loans however was availed by Latin American countries which had a tremendous appetite for for eign loans (Hawkins And Maese, 1986). The global economy also slid into recession after the OPEC’s decision to increase its price in oil. The crisis that OPEC precipitated was however unusual as it transmitted even to countries that did not experience the â€Å"stagflation† of matured economies such as United States and Europe. â€Å"Until 1970, 15 Latin American countries enjoyed relative stability in the cost of living, and only 4 experienced price level increases in excess of 15 percent per year† (Inter-American Development Bank, 1977:6). Brazil which had always managed to decreased its inflation rate in the 1960s experienced an increase of 13% inflation in 1973 which increased further in 1976 to as much as 42% (International Financial Statistics, 1977:53). Its annual growth of over 10% from 1968 to 1974 fell dramatically to only 4.2% in 1975.