netrashetty
Netra Shetty
Marketing Research of iRobot : Founded in 1990 and incorporated in Delaware in 2000, the iRobot Corporation designs robots such as an autonomous home vacuum cleaner (Roomba), the Scooba that scrubs and cleans hard floors, and military and police robots, such as the PackBot. iRobot is a public corporation (NASDAQ: IRBT), based in Bedford, Massachusetts.
than it has inother regions of the world, such as Europe. After numerous mergers and acquisitions, three very large companies—The Boeing Company, Lockheed Martin Corporation, and the Raytheon Company—have come to dominate the U.S. aerospace sector. This consolidation has placed enormous pressure on aerospace component suppliers. As those suppliers reposition themselves, they are being forced to improve economies of scale and reduce costs. Recent mergers among major suppliers include Honeywell–AlliedSignal and Hamilton–Sundstrand. Consolidation has been a two-edged sword. On the one hand, it has boosted the U.S. aerospace industry’s international competitiveness, better enabling U.S. companies to win contracts overseas. On the other hand, it has increased pressure to eliminate duplicative jobs. Several merged companies have announced layoffs.
Consolidation of the European aerospace industry is accelerating as national governments and aerospace manufacturers acknowledge the need to integrate their defense and commercial aerospace sectors to reduce operating costs and become more competitive with their U.S. counterparts. European aerospace companies are adopting strategies to streamline processes and increase their flexibility in outsourcing aircraft components. In 1997, the governments of France, Germany, and the United Kingdom agreed that there was an urgent need to restructure Europe’s aerospace and defense industries. In 1998, a plan was signed to transform the then four Airbus partners— British Aerospace PLC (BAe), Aerospatiale SA of France, DaimlerChrysler Aerospace AG of Germany (DASA), and Construcciones Aeronauticas SA (CASA) of Spain—into a single corporate entity (SCE) by 1999. This SCE is intended to enhance cycle times, productivity, profitability, and customer support by consolidating authority and responsibility for Airbus under a single corporate management. This transformation, which was set to take place on January 1, 1999, was postponed indefinitely because of the persistent challenges of accommodating the partners’ divergent cultural and political concerns, especially the French government’s resistance to privatizing Aerospatiale. Transport ministers from the United Kingdom, Germany, Spain, and France have called repeatedly for the four partners in Airbus to accelerate the transformation of the consortium into an SCE, noting that it would be easier for their governments to provide financial support for the development of the “super-jumbo” A3XX aircraft when the consortium is transformed into a single enterprise.
In response, a series of merger announcements were made in 1999. In October 1999, DASA and Aerospatiale-Matra agreed to merge to form European Aeronautic, Defense and Space (EADS). This followed earlier announcements of mergers between BAe and Marconi Electronic Systems from Britain’s General Electric Company, Aerospatiale and Matra Hautes Technologies, and DASA and CASA. These mergers may help facilitate Airbus’s transformation into an SCE. With the new makeup of Airbus as a German and French–controlled company as a result of the DASA– Aerospatiale-Matra merger, it is possible that BAe may seek to sever its partnership status in Airbus. Other European companies interested in joining Airbus are Alenia of Italy,Thomson-CSF and Dassault of France, and Saab of Sweden. The precise role of these possible new partners is unclear.
Industry Definitions
Jet-engined aircraft - use jet engines rather than older piston engines
Commercial aircraft - used for commercial purposes such as for carrying passengers or freight
Military aircraft - used for military role for national defense or to deploy airpower beyond a border
Reconnaissance aircraft - equipped with instruments for monitoring various optical and other kind of intelligence
Helicopters or rotocraft: can hover stationary over one place or rise vertically if required. Suitable for use in lower heights. Used in police work, rescue operations, transport roles etc.
China and India’s Optimism Continues to Boost Surrounding Economies in Asia
As India and China continue their phenomenal growth on the world economic stage, the focus on these two key markets have seen a growth of Multi-National Corporations (MNCs) and supporting industries moving to markets like Singapore and Hong Kong as gateways to North and South Asia.
There has also been movement into newer, emerging markets like Vietnam and Indonesia where some are successfully riding the coattails of these more established markets.
Hong Kong has long been a gateway to China for MNCs. In the first ever Harris Poll in Asia, the attitudinal economic outlook regarding China is very similar among adults in both China and Hong Kong, with 85% of Chinese saying that China will be the most influential economy in the next ten years, compared to 87% of those in Hong Kong who say the same.
Almost four in five (79%) of those in Hong Kong think the growth of China is good for Hong Kong’s economy as well.
These are some of the results of The Harris Poll, the one first to be conducted by Harris Interactive in Asia, and in which 4,251 adults were surveyed online in Singapore, Hong Kong, China and India (February 14 and 21, 2011) and also the U.S (January 17 and 24, 2011).
Begun in 1963 in the United States, The Harris Poll is one of the longest running, most respected proprietary surveys conducted by Harris Interactive measuring public opinion and is highly regarded throughout the world.
“For over 40 years, the Harris Poll has been a respected barometer of public opinion in the United States and more recently in Europe. Today, we are proud to bring the Harris Poll to Asia, recognizing the importance of understanding the pulse of the Asian consumer in today’s marketplace,” commented Kimberly Till, CEO of Harris Interactive.
Indians are also quite bullish about the progress they have made and where they are going. Thinking about the next ten years almost two-thirds (63%) of Indians are optimistic about their economy, with 80% saying India will be the most influential economy.
Only half of Americans (49%) are optimistic about their own economy, and fewer say they will be most influential in ten years (39%). Half of Americans, rather, agree with those in China and Hong Kong, and say China will be most influential in ten years (49%).
Singapore, like Hong Kong, with its English speaking community, infrastructure and comforts (i.e. the “West of the East”) has made it a favorable place to attract talent and to do business. In fact, among Chinese, Indians, Singaporeans and Hong Kong residents alike, Singapore emerged as the country with the ideal economy to live in—48% of adults in these countries say Singapore is most ideal, compared to the 25% who think China is ideal.
“The poll supports what most of us who work and live here already think – that the growth and China of India helps everyone in the region,” said Asha Choksi, Senior Vice President and Head of Research for Harris Interactive Asia.
An Ecosystem Where Everyone Benefits
Seven in ten (70%) Singaporeans are optimistic about their own economy, with 46% seeing themselves take center stage as the next big player in the global economy. They also see themselves very much as part of a larger ecosystem: 70% of Singaporeans think that India’s growth is good for their economy and 78% say the same about China’s growth. Probably based on their own experiences, they think critical factors for growth are proper infrastructure (35%) and good country leadership (43%).
Future trends
China seems to have a much more aggressive picture of their ability to sustain their growth, with 53% of Chinese indicating that they believe they will be the most powerful economy in 2050 versus 35% of Indians who believe the same about their own economy. Singapore seems to show a more balanced picture with an even split between those who think India (26%) and China (27%) will be the most powerful economy in 2050.
To sustain growth, the Chinese believe that free/open trade (39%) and a growing consumer market (39%) are most critical, opinions which are shared by those in Hong Kong (46% and 31% say so, respectively). India highlighted infrastructure (31%) and education (31%) as being critical to growth while those in the U.S. see a low cost of labor (35%) as most important.
Outside of the five countries surveyed, Korea is seen as being the next big player in the global economy with between 26% and 31% of adults in the U.S., China, Hong Kong, Singapore and India indicating this. Many Indians also feel that UAE (35%) and Malaysia (34%) will be the next big players. Among some of the emerging Southeast Asian markets, Vietnam emerged as one of the next big players in the economy, with 21% of Singaporeans indicating that it is likely to play a big role in the global economy in coming years.
So What?
Clearly no one country operates in isolation and the general perception now is that most countries are embracing the growth in China and India to help them leverage their own strengths and opportunities in the global marketplace, whether that be a growing consumer market, low cost of labor, infrastructure to do business and so on.
“As an organization, even we are continuing to grow our teams in these hub markets to collect the views of consumers across the region,” said Amrita Banta, Senior Vice President, Business Development, Harris Interactive, Asia, who just brought in two key executives in India and in China. “We are excited about what is ahead and will continue to adapt our business to trends in the Asian market.”
than it has inother regions of the world, such as Europe. After numerous mergers and acquisitions, three very large companies—The Boeing Company, Lockheed Martin Corporation, and the Raytheon Company—have come to dominate the U.S. aerospace sector. This consolidation has placed enormous pressure on aerospace component suppliers. As those suppliers reposition themselves, they are being forced to improve economies of scale and reduce costs. Recent mergers among major suppliers include Honeywell–AlliedSignal and Hamilton–Sundstrand. Consolidation has been a two-edged sword. On the one hand, it has boosted the U.S. aerospace industry’s international competitiveness, better enabling U.S. companies to win contracts overseas. On the other hand, it has increased pressure to eliminate duplicative jobs. Several merged companies have announced layoffs.
Consolidation of the European aerospace industry is accelerating as national governments and aerospace manufacturers acknowledge the need to integrate their defense and commercial aerospace sectors to reduce operating costs and become more competitive with their U.S. counterparts. European aerospace companies are adopting strategies to streamline processes and increase their flexibility in outsourcing aircraft components. In 1997, the governments of France, Germany, and the United Kingdom agreed that there was an urgent need to restructure Europe’s aerospace and defense industries. In 1998, a plan was signed to transform the then four Airbus partners— British Aerospace PLC (BAe), Aerospatiale SA of France, DaimlerChrysler Aerospace AG of Germany (DASA), and Construcciones Aeronauticas SA (CASA) of Spain—into a single corporate entity (SCE) by 1999. This SCE is intended to enhance cycle times, productivity, profitability, and customer support by consolidating authority and responsibility for Airbus under a single corporate management. This transformation, which was set to take place on January 1, 1999, was postponed indefinitely because of the persistent challenges of accommodating the partners’ divergent cultural and political concerns, especially the French government’s resistance to privatizing Aerospatiale. Transport ministers from the United Kingdom, Germany, Spain, and France have called repeatedly for the four partners in Airbus to accelerate the transformation of the consortium into an SCE, noting that it would be easier for their governments to provide financial support for the development of the “super-jumbo” A3XX aircraft when the consortium is transformed into a single enterprise.
In response, a series of merger announcements were made in 1999. In October 1999, DASA and Aerospatiale-Matra agreed to merge to form European Aeronautic, Defense and Space (EADS). This followed earlier announcements of mergers between BAe and Marconi Electronic Systems from Britain’s General Electric Company, Aerospatiale and Matra Hautes Technologies, and DASA and CASA. These mergers may help facilitate Airbus’s transformation into an SCE. With the new makeup of Airbus as a German and French–controlled company as a result of the DASA– Aerospatiale-Matra merger, it is possible that BAe may seek to sever its partnership status in Airbus. Other European companies interested in joining Airbus are Alenia of Italy,Thomson-CSF and Dassault of France, and Saab of Sweden. The precise role of these possible new partners is unclear.
Industry Definitions
Jet-engined aircraft - use jet engines rather than older piston engines
Commercial aircraft - used for commercial purposes such as for carrying passengers or freight
Military aircraft - used for military role for national defense or to deploy airpower beyond a border
Reconnaissance aircraft - equipped with instruments for monitoring various optical and other kind of intelligence
Helicopters or rotocraft: can hover stationary over one place or rise vertically if required. Suitable for use in lower heights. Used in police work, rescue operations, transport roles etc.
China and India’s Optimism Continues to Boost Surrounding Economies in Asia
As India and China continue their phenomenal growth on the world economic stage, the focus on these two key markets have seen a growth of Multi-National Corporations (MNCs) and supporting industries moving to markets like Singapore and Hong Kong as gateways to North and South Asia.
There has also been movement into newer, emerging markets like Vietnam and Indonesia where some are successfully riding the coattails of these more established markets.
Hong Kong has long been a gateway to China for MNCs. In the first ever Harris Poll in Asia, the attitudinal economic outlook regarding China is very similar among adults in both China and Hong Kong, with 85% of Chinese saying that China will be the most influential economy in the next ten years, compared to 87% of those in Hong Kong who say the same.
Almost four in five (79%) of those in Hong Kong think the growth of China is good for Hong Kong’s economy as well.
These are some of the results of The Harris Poll, the one first to be conducted by Harris Interactive in Asia, and in which 4,251 adults were surveyed online in Singapore, Hong Kong, China and India (February 14 and 21, 2011) and also the U.S (January 17 and 24, 2011).
Begun in 1963 in the United States, The Harris Poll is one of the longest running, most respected proprietary surveys conducted by Harris Interactive measuring public opinion and is highly regarded throughout the world.
“For over 40 years, the Harris Poll has been a respected barometer of public opinion in the United States and more recently in Europe. Today, we are proud to bring the Harris Poll to Asia, recognizing the importance of understanding the pulse of the Asian consumer in today’s marketplace,” commented Kimberly Till, CEO of Harris Interactive.
Indians are also quite bullish about the progress they have made and where they are going. Thinking about the next ten years almost two-thirds (63%) of Indians are optimistic about their economy, with 80% saying India will be the most influential economy.
Only half of Americans (49%) are optimistic about their own economy, and fewer say they will be most influential in ten years (39%). Half of Americans, rather, agree with those in China and Hong Kong, and say China will be most influential in ten years (49%).
Singapore, like Hong Kong, with its English speaking community, infrastructure and comforts (i.e. the “West of the East”) has made it a favorable place to attract talent and to do business. In fact, among Chinese, Indians, Singaporeans and Hong Kong residents alike, Singapore emerged as the country with the ideal economy to live in—48% of adults in these countries say Singapore is most ideal, compared to the 25% who think China is ideal.
“The poll supports what most of us who work and live here already think – that the growth and China of India helps everyone in the region,” said Asha Choksi, Senior Vice President and Head of Research for Harris Interactive Asia.
An Ecosystem Where Everyone Benefits
Seven in ten (70%) Singaporeans are optimistic about their own economy, with 46% seeing themselves take center stage as the next big player in the global economy. They also see themselves very much as part of a larger ecosystem: 70% of Singaporeans think that India’s growth is good for their economy and 78% say the same about China’s growth. Probably based on their own experiences, they think critical factors for growth are proper infrastructure (35%) and good country leadership (43%).
Future trends
China seems to have a much more aggressive picture of their ability to sustain their growth, with 53% of Chinese indicating that they believe they will be the most powerful economy in 2050 versus 35% of Indians who believe the same about their own economy. Singapore seems to show a more balanced picture with an even split between those who think India (26%) and China (27%) will be the most powerful economy in 2050.
To sustain growth, the Chinese believe that free/open trade (39%) and a growing consumer market (39%) are most critical, opinions which are shared by those in Hong Kong (46% and 31% say so, respectively). India highlighted infrastructure (31%) and education (31%) as being critical to growth while those in the U.S. see a low cost of labor (35%) as most important.
Outside of the five countries surveyed, Korea is seen as being the next big player in the global economy with between 26% and 31% of adults in the U.S., China, Hong Kong, Singapore and India indicating this. Many Indians also feel that UAE (35%) and Malaysia (34%) will be the next big players. Among some of the emerging Southeast Asian markets, Vietnam emerged as one of the next big players in the economy, with 21% of Singaporeans indicating that it is likely to play a big role in the global economy in coming years.
So What?
Clearly no one country operates in isolation and the general perception now is that most countries are embracing the growth in China and India to help them leverage their own strengths and opportunities in the global marketplace, whether that be a growing consumer market, low cost of labor, infrastructure to do business and so on.
“As an organization, even we are continuing to grow our teams in these hub markets to collect the views of consumers across the region,” said Amrita Banta, Senior Vice President, Business Development, Harris Interactive, Asia, who just brought in two key executives in India and in China. “We are excited about what is ahead and will continue to adapt our business to trends in the Asian market.”
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