Wednesday, May 6, 2020

The Role that Operations Management Plays in an Organization

Question: Discuss about theThe Role that Operations Management Plays in an Organization. Answer: Introduction The operations management fills the crucial function in the operations of business, authorities, or other organizations. The precise function of the operations management entirely depends on nature as well as the size of the enterprise, but the management needs the full range of business operational skills and interpersonal understanding to succeed. In general, the operations managers plan for management that oversee and boosts process of communication in the organization (Anand and Gray 2017, p. 3). Beside, operations management remains to be the design, operation, along with the improvement of the system of production that develops the primary product or services of an organization (Cox et al., 2012, p. 38). Functions of operations management are mostly related to the production of appropriate commodities and services in the organization. The significant role of operations management in every process of organizations is to run the operations of businesses successfully, smoothly, an d efficiently by utilizing the minimum resources available while meeting expectations and needs of different customers. Therefore, the principal target of this survey paperwork is to explore different roles that operations management plays in an organization in various marketplaces. The role of operations management in organization In present business society, operations management in an organization plays the role of embracing the use of technology to gain the competitive business advantage. The operations management in an organization plays the role of improving the use of technology to help business to increase their activities that deal with return on investment. Besides, most companies are driven by varying forces (Hutchinson and Purcell 2010, p. 367). These forces in business include the power of buyer, the power of supplier, threats of substitute services or commodities, threats of advanced entrants, along with rivalry among existing chief competitors. All these forces in business operations remain to be determinants of success of operations of any business. It is thus useful for business individuals to use technology to gain their competitive advantage based on the factors. Additionally, operations management in an organization plays the role of growing their business operations to work in the right dir ection. Most of the individuals in business operations term increase in operations to means that they need to leverage their competitive advantage (Yaghoobi et al., 2014, p. 321). Competitive advantage in activities of different organizations acquires or develops the attribute or combination of various characteristics by operations management in an organization that enables operations of a given sector to outperform its chief competitors around marketplaces. It is then necessary to for operations management to understand precisely what organizations competitive advantage is as well as how operators can wield it to win clients (Zhu and Verstraeten 2013, p. 167). Information technology plays a crucial function in augmenting organizations competitive advantage, but businesses have to ensure that the money, time, and energy they spend on information technology are appropriately placed. Some of the essentials roles of operations management include management of available resources for op erations, management of finance, setting goals for operations, and developing ideal channels of communication. Management of available resources Operations management has an essential role in managing available resources within operations of an organization. The managers play the principal duty in managing both personal as well as raw materials used to achieve the set objective of an organization (Boakye et al., 2014, p. 21). Besides, operations management have the roles of over sighting of inventory, purchasing, together with supplies that help in maximizing output and minimizing inputs of organizations around global marketplaces. Human resource managers perform various tasks that entirely aim at management of resources used in operations. Some of the roles that operations management perform while managing resources include the activities that deal with the determination of needs of employees so that they can remain to be productive. Managers also aim at improving the process of recruiting and hiring of employees as a way of attaining only qualified candidates to fill vacant posts in case such positions arise in operations o f an organization (Minavand 2013, p. 59). Operations management has the role of overseeing the assignment of different workers as well as planning for development of workers. All these management issues on available resources for organizations help in improving the outcome of operations of businesses around the world. Managing finance Operations managers perform the fundamental purpose of the process of implementation and planning operational budgets. The managers are the critical element in controlling different costs and keeping the organizations around the business community to remain on track financially (Pollack and Algeo 2016, p. 459). The manager of the supply chain and other available resources by operations management help in the process of minimizing production charges. Besides, operations managers have the duty of surveying business forecasts and reports of sales as a way of ensuring that the company remains to work as per the set objectives and missions. The management also study different financial statements to help them in attaining the ideal ways that they can use in maximizing the output of an organization within business marketplaces. Managers in most cases utilize different techniques such as cost-benefit analysis that help the organization to improve their operational efficiencies (Ketokivi 201 6, p. 76). Moreover, modern operations management in business community even goes to are extend to include roles of sustaining the financial equation to help in developing business operations. Operations management set goals for business operations In most organizations, operations managers have the responsibilities of setting goals as well as objectives and establishing policies or various departments of operations. For instance, operations managers perform different duties that ensure that company operates as per the guidelines of the ideal business sector (Monga 2014, p. 22). Some responsibilities of operations managers comprise of sales forecasting along with the planning of sales promotions of services and products. When operations managers cooperate with other stakeholders in business, they tend to establish appropriate procedures for operations before they place them into operational effects. Improving channel of communication Operations managers in the different organization need appropriate communication along with interpersonal skills during their operations. The development of such skills helps the various sections of the organization in the competitive marketplaces to work as a team. Therefore, duties of operations management comprise of development of a positive culture where the work can be achievable (Galvin 2014, p. 4). Sometimes, operation managers assist in resolving various disagreements and disputes that have the adverse effect on well being and output of an organization. Therefore, operations managers cooperate in the process that deals with the making of decision at the high level with other top executives of the organization. Operations management develops technology For several operations of different organizations, saving of costs of operations remains to be one of the most significant roles that operations management plays in an organization. By going paperless along with adoption of streamlined processes, operations management make the organization to be capable of developing essential functions of saving effort, money, as well as the duration of operations (Ollila and Ystrom 2016, p. 245). However, some ideas that organizations do not realize right away in their operations is that there is another benefit to embracing the use of digital techniques and that help them to gain competitive advantage. There are several ways or models that can be applicable to operations management to obtain competitive advantage using technology among companies. Some of these approaches consist of selecting only appropriate systems, relying on the support that develops as the operations grow, staying true to their core values of the business, and utilizing the te am of experts at their call. The other ways of obtaining competitive advantages by use of technology in business operations consist of the idea of not having to spend on expensive processes of recruitment, training, and orientations (Knott 2015, p. 1817). All these approaches are essential in operations of management in boosting competitive advantage as they help in reducing operational costs, attaining actionable information faster, and making appropriate investments in technology among other reasons. Therefore, making the proper investment in technology by operations management of organizations helps organizations to benefit. Businesses can support operations to be high from activities that aim at assessing how the management and workers of operations can utilize technology and help them improve results of the business. The use of information technology by can help businesses among organizations to leverage technology that help in improving existing processes along with accelerati on of business development (Huffman 2012, p. 219). The use of technology can provide an organization with the appropriate strategic advantage if operators understand how to harness the technology. Represents organization in different meetings The operations managers perform the ideal role of representative to the organization in seminars, committee, as well as conference meetings among other such purposes. Operations management in most cases addresses the profile of the organization, its operational objectives, performance, together with plans for progress and growth of the organization (Chicksand 2015, p. 142). Operations management has the role of explaining different projects or products, or current services that organization offers. Presentation of the organization by operations management in various meetings has enabled it possible for the officials to explain and develop ideal operational budgets with the help of other companys stakeholders during the seminars. Besides, operations management together with attorneys and adviser on legal issues that affect operations of organizations has the role of sorting out legal, operational issues that associate with the progress of security of the organization. Operations manag ers have the different function in the organization that relates on how to deal with employees (Galvin 2014, p. 3). Managers concentrate on maintaining discipline in the office among employees along with developing regulations for workers to boost their efficiency to be a section of many functions of the operations managers (Chowham et al., 2016, p. 465). Apart from the issue that deals with problems along with complaints of workers, operations managers help to teach employees new techniques that are essential in improving the performance of workers. Operations management increases competitive advantage Operations managers act as a consultant for questions that are the concern with development and progress of company to be competitive in the global marketplace. Operations management has the role of creating the competitive advantage for both small and significant business operations around the global community (Ketokivi 2016, p. 75). Technological usage in operations continues to be the driving force behind the burgeoning small business marketplaces. Technology is an essential factor that tends to level the playing business field together with allowing small businesses to perform business in any part of the globe from where they choose to invest their operations. Besides, as advancement in operational management continues, organizations are staying to enjoy the advantages of improved profitability as well as productivity in operations (Yaghoobi et al., 2014, p. 321). Therefore, both small and large business operations need to embrace operational management in all aspects of their bu siness operations from the issues that include accounting, management of data to marketing, along with supporting of business sales. The operational management ensures that every organization work with an information technology expert is necessary for most business operations as a way of obtaining the competitive advantage. Functional managers who are IT expert help organizations that are not familiar with tools that base their operations on technology to remain active in competitive marketplaces (Zhu and Verstraeten 2013, p. 167). The use of proper personnel in information technology sector helps a corporation to operate on the right track that can help them in eliminating cases of being caught up in the sizzle by attaining solutions that work effectively for their operations. Conclusion As cases of competition in global marketplace intensify, organizations that are leaders in their industries find it hard to afford to become complacent. There is a need for operations management to effectively and efficiently manage operations of human resources to help in gaining, developing, and sustaining competitive merits to become more essential. In integrating the best strategy for operation management, organizations must not forget essential factor for policies to become successful in the competitive marketplace. It is clear that while most operations management concentrates on the production of different commodities and services, it is essential to the overall organization to ensure that they do not underestimate roles of operations managers. When operations of various organizations are well managed, the functions of all other departments are smooth, and when the operations of organizations are mishandled, all other departments decline in operations. Therefore, operations ma nagement is capable of making appropriate roles on meeting the needs of organization stakeholders. List of References Anand, G. and Gray, J. (2017). Strategy and organization research in operations management. Journal of Operations Management, 53-56, pp.1-8. Boakye, K., McGinnis, T. and Prybutok, V. (2014). Q-TAM: a quality technology acceptance model for technology operations managers. Operations Management Research, 7(1-2), pp.13-23. Chicksand, D. (2015). Partnerships: The role that power plays in shaping collaborative buyersupplier exchanges. Industrial Marketing Management, 48, pp.121-139. Chowhan, J., Pries, F. and Mann, S. (2016). Persistent innovation and the role of human resource management practices, work organization, and strategy. Journal of Management Organization, 23(03), pp.456-471. Cox, R., Aljubran, S., Lockey, R. and Kolliputi, N. (2012). Caspase-4 Plays a Role in the Activation of the Cryopyrin/NLRP3115 Inflammasome. World Allergy Organization Journal, 5, p.S38. Galvin, P. (2014). A new vision for the Journal of Management Organization: The role of context. Journal of Management Organization, 20(01), pp.1-5. Huffman, M. (2012). Organizations, Managers, and Wage Inequality. Sex Roles, 68(3-4), pp.216-222. Hutchinson, S. and Purcell, J. (2010). Managing ward managers for roles in HRM in the NHS: overworked and under-resourced. Human Resource Management Journal, 20(4), pp.357-374. Ketokivi, M. (2016). Pointcounterpoint: Resource heterogeneity, performance, and competitive advantage. Journal of Operations Management, 41, pp.75-76. Knott, P. (2015). Does VRIO help managers evaluate a firms resources?. Management Decision, 53(8), pp.1806-1822. Minavand, H. (2013). Project Managers Vs Operations Managers: A comparison based on the style of leadership. IOSR Journal of Business and Management, 12(5), pp.56-61. Monga, A. (2014). Patch testing plays a role in management of chronic urticaria. Clinical Dermatology. Ollila, S. and Ystrm, A. (2016). An investigation into the roles of open innovation collaboration managers. RD Management, 47(2), pp.236-252. Pollack, J. and Algeo, C. (2016). Project managers and change managers contribution to success. International Journal of Managing Projects in Business, 9(2), pp.451-465. Yaghoobi, N., Bakhshimazdeh, M. and Alikhasi, M. (2014). Analysing key concepts of organisation: knowledge management, competitive intelligence and competitive advantage. International Journal of Services and Operations Management, 18(3), p.321. Zhu, Y. and Verstraeten, M. (2013). Human resource management practices with Vietnamese characteristics: a study of managers responses. Asia Pacific Journal of Human Resources, 51(2), pp.152-174.

Wednesday, April 22, 2020

What Is A Ghostwriter And What Do They Do - The Writers For Hire

WHAT IS A GHOSTWRITER AND WHAT DO THEY DO? What Is A Ghostwriter And What Do They Do? To some people, the term â€Å"ghostwriter† conjures up images of some kind of covert, undercover secret agent who writes novels under a pen name, never revealing their true identity. The reality, though, is a whole lot less mysterious. So, what exactly is a ghostwriter, and what do they do? Ghostwriters are writers who are hired to write books (or other material) that someone else will be credited for. In essence, the ghostwriter is the person who listens to your ideas and stories, and then helps you turn those ideas into a book. Once the book has been completed, you are listed as the author, with the ghostwriter’s identity remaining anonymous. There are times that ghostwriter does receive credit for the part they played in the writing process. However, more frequently ghostwriters remain unknown (as does the fact that a ghostwriter was even used). Although this may sound odd, it is actually quite a common practice. I n fact, there are many celebrities and well-known personalities who regularly hire ghostwriters to help them pen their autobiographies and memoirs. While ghostwriting is frequently associated with writing books for celebrities and non-celebrities alike, ghostwriters are also used for a variety of other written works, including: Speeches Blogs Social media posts Proposals Newsletters Website content So, next time you find yourself struggling to put your words to paper, perhaps you should consider hiring a ghostwriter!

Wednesday, April 15, 2020

Gatsby Essay Topics

Gatsby Essay TopicsThe Gatsby essay topics that have been discussed in recent years could be the most intriguing literary masterpiece of all time. This is because the topics and the theme are truly brilliant and could bring forth great themes from even the toughest of students. With the passage of time, one can expect good results out of Gatsby essay topics.Gatsby is a writer whose life experiences have really made him some great achievements, which are then transferred to his novel. He has certainly had some struggle while writing this novel. However, through his love for women and his way of making himself loved, he managed to sell millions of copies and become a worldwide sensation.Gatsby, as the story goes, was a kind of a rich guy who always drove fancy cars. He never let his money and status get in the way of his love for women. Therefore, he made sure that he owned lots of beautiful women in his life. In fact, he really got into a lot of relationships with young girls and wome n.This theme has been so well analyzed in writers' essays. It has been exposed by a lot of writers such as, Diane Ackerman, Richard Jones, John Irving, Michael Cunningham, Robin Wilshire, P.K. {SAppendix.Gatsby essay topics are more than just talking about the love he has for women. One thing that is essential to remember is that the essay should also reflect on the richness of his existence - he should be seen as a life that is full of surprises.Such themes would help one to understand better the character and the beliefs of the author and other people involved in the story. Also, the relevance of Gatsby is that even though he was rich and extremely rich, he has managed to hold on to some important qualities that made him a person worth admiring.These themes must not only be used to help one in writing his essay. It should also be used to create a story. And since Gatsby has been the subject of a lot of stories and essays, creating a story using his themes is a very simple task.Whe n creating a Gatsby story, a lot of the effort would be exerted in highlighting the beauty of the new American society and the amazing changes it was experiencing at that time. There would be a need to show how Gatsby's wealth had been transformed to some great riches - in the end, these riches would have been controlled by the debt. However, Gatsby managed to keep the wealth hidden from the government in order to give him his freedom.

Tuesday, March 17, 2020

Free Essays on The Path To A Profession

The Path to A Profession I’ll never forget the night my mother, sister, and I left my father. After years of emotional abuse at the hands of my father, we finally packed up our things and ran away in the middle of the night. We ended up at Ms. Donna’s house, a good friend of my mothers. I remember lying on her couch bed later that night thinking, â€Å"Was this real?† I couldn’t believe that we had finally gotten out. I felt like my life had turned into an after school special. My whole body was paralyzed. Everything around me was a blur. For a moment, I was the only thing that existed and I lay that way in Ms. Donna’s couch bed the whole night. After the dust of that first night had settled, we found an apartment off of Government Street. It was nothing compared to the big house I was used to. I remember the first time I set foot into the 3-bedroom apartment. I felt like I was in an empty dollhouse. No matter how much furniture we put in there, it was always empty to me. Every time I walked on the hard wood floors, I would tiptoe like a child afraid of getting caught awake after bedtime. I don’t know why I did this. I guess maybe I was afraid that if anyone heard me walking around, I would realize that this wasn’t a dream. It was always cold there and not once in the two years we lived there did it feel like home. It was rough being in a single-parent household. My father didn’t pay child support or help us with any of the bills so the burden fell on my mother. My father stayed in our house, constantly throwing dinner parties and going on vacations with his friends. The three of us would of ten argue over the last package of Ramon noodles, insisting that the other two eat them. When my parents finally decided they wanted to make their marriage work. They decided to drag my sister and I to family therapy. My decision to become a Psychologist was cemented during this time period. Once ... Free Essays on The Path To A Profession Free Essays on The Path To A Profession The Path to A Profession I’ll never forget the night my mother, sister, and I left my father. After years of emotional abuse at the hands of my father, we finally packed up our things and ran away in the middle of the night. We ended up at Ms. Donna’s house, a good friend of my mothers. I remember lying on her couch bed later that night thinking, â€Å"Was this real?† I couldn’t believe that we had finally gotten out. I felt like my life had turned into an after school special. My whole body was paralyzed. Everything around me was a blur. For a moment, I was the only thing that existed and I lay that way in Ms. Donna’s couch bed the whole night. After the dust of that first night had settled, we found an apartment off of Government Street. It was nothing compared to the big house I was used to. I remember the first time I set foot into the 3-bedroom apartment. I felt like I was in an empty dollhouse. No matter how much furniture we put in there, it was always empty to me. Every time I walked on the hard wood floors, I would tiptoe like a child afraid of getting caught awake after bedtime. I don’t know why I did this. I guess maybe I was afraid that if anyone heard me walking around, I would realize that this wasn’t a dream. It was always cold there and not once in the two years we lived there did it feel like home. It was rough being in a single-parent household. My father didn’t pay child support or help us with any of the bills so the burden fell on my mother. My father stayed in our house, constantly throwing dinner parties and going on vacations with his friends. The three of us would of ten argue over the last package of Ramon noodles, insisting that the other two eat them. When my parents finally decided they wanted to make their marriage work. They decided to drag my sister and I to family therapy. My decision to become a Psychologist was cemented during this time period. Once ...

Saturday, February 29, 2020

Brazils Communication Essay Example for Free

Brazil’s Communication Essay Every country has unique, distinctive ways in which they interrelate and communicate with each other within their country. A country’s means of communication can be verbalized through verbal, non-verbal, and interpersonal communication channels. In the country of Brazil most people are not Hispanic but Latino, although many immigrant communities are from Europe, Africa, and Japan. The official language spoken in Brazil is Portuguese; however, Spanish, English, and French are other languages that are also spoken in Brazil. When greeting they expect a firm handshake with strong eye contact. When doing business in Brazil don’t be taken aback if they stand very close to you when speaking. Moving away may be interpreted as rejection. Brazil also uses many forms of non verbal communication. Much of this body language is comprised of culturally derived behaviors. When speaking to one another, it is not normal to take turns speaking. People will interrupt a conversation and will often speak at the same time as their peers. Another verbal communication pattern that Brazil practices is using first names when addressing a person. Also, one’s tone of voice is often high pitched when conversing with one another. Although daily conversation is conducted in a louder voice, it is not meant to express anger or hostility to anybody. In addition, verbal communication in Brazil is viewed as being theatrical and overly animated by other countries who are more reserved. In Brazil, physical appearance and surroundings are important and provide visual cues as to one’s status and tone of conversations. In many Latin countries, communication tends to be predominately oral rather than through written word. However, from the business aspect, when sending something in written format it is usually a good idea to follow up with a phone call or a visit in person. Over the last two decades, the telecom industry world over has grown and evolved at an incredible pace and has significantly changed the way people interact. Brazil Telecom offers long distance telecommunications services hrough some 8,034 million lines and 281,800 public telephones to customers in Brazil. Oi Telecom, formerly known as Telemar is the largest telecommunications company in Brazil, it was established in 2008 and has become the biggest company in Brazil on the Telecommunications sector. This company is present in 4600 cities in Brazil and it has influenced the price drop in the national level of the same services offered by competitors due to strength of its operations in the country. Brazil’s Communication. (2017, Jan 04).

Thursday, February 13, 2020

International Management Issues Assignment Example | Topics and Well Written Essays - 3000 words

International Management Issues - Assignment Example The company has more than 820 stores and 63,000 employees. The company is next to South Africa include working in Angola, Egypt, Ghana, Madagascar, Mauritius, Namibia, Uganda, Tanzania, Zambia and Zimbabwe. In 2004 the chain opened its first store outside the African continent, in India. All stores are connected to the central computer in Cape Town, whereas sales per quarter are tracked via satellite (Oxford Economics, 2012). The shops of the company are often easy to spot, because they are in a closed area with lots of monitoring. The company is in Africa against many problems. Not only must it offer many bribes (also called the African way of doing business), for an establishment in a country, but also to the company itself build buildings and roads to build. Furthermore, the internal African import tariffs often very high (average 30 to 60% of the value of a product), although there are many, often overlapping, free trade zones (Oxford Economics, 2012). The company is criticized b y some for its low wages. In Malawi, a strike for better wages (at $ 4 per week) answered an ad in the newspaper with the demand for new workers, which stopped the strike. Brazil Brazil is a country recognized with the name of Federative Republic of Brazil, which is the largest kingdom in South America. It is regarded as the 5th largest country in the world both by the population of over 192 million people and by geographical area. On the east, it is bounded by the Atlantic Ocean with a coastline of 7,491 kilometres. On the north borders it has countries like Guyana, Venezuela, and Suriname and on the north-west it is bounded by Columbia. It is a country which is bordered by all the countries of South America except Chile and Ecuador. The economy of Brazil is the 6th largest in the supposed Gross Domestic Product and the 7th biggest in purchasing power in the world since 2011. It is among the best developing economies of the world. It is also a member country of several organization s like United Nations, Latin Union, CPLP, G20, Union of South American Nations, Organization of American States, and comes under the countries of BRIC. Brazil is considered as a land to diverse natural resources, wild-life, protected habitat, and the natural environments (Country Watch, 2012). Brazilian industry consists of 6% Agriculture, 25% manufacturing and 68% services. The long term credit ratings of the country are also stable. In the last decade more efforts were diverted towards securing a sustainable macroeconomic environment. Increased sustainability has lead to robust growth till 2010 which was 7.6%. However, recent economic conditions across the globe have deteriorated the growth. Brazil is expected to take-off in terms of growth at the rate of 5% in 2013. In the long term it is expected that Brazil will not be able to pace up with growth rate of 2013 and the average growth rate will hover around 3.9% from 2012 to 2013. The ongoing world economic crisis including Euro z one crisis has led to depreciation of Brazilian Real. This depreciation of currency has helped in boosting the exports of the locals due to cheap prices in international markets (Country Watch, 2012). Discussion Relations between Brazil and South Africa have traditionally been close. Brazil has provided military assistance to South Africa in the form of training and logistics of war. The relations between these countries increased as a result of the new South-South foreign policy of

Saturday, February 1, 2020

How far Does Lenin's Theory of Capitalist Imperialism Explain the Essay

How far Does Lenin's Theory of Capitalist Imperialism Explain the Scramble for Africa - Essay Example The development of a specific concept, the capitalist imperialism is reviewed in this paper. Reference is made specifically to the potential use of this concept for explaining the Scramble for Africa, a process developed between the years 1880 and 1900 and which resulted to the colonization of the major part of the particular continent. The above process was initiated mainly by European states, which tried to secure their economies by locating and acquiring important economic resources. Different approaches have been used for describing the content and the use of capitalist imperialism. In the specific study emphasis is given on the Lenin’s theory of capitalist imperialism, as this theory can be applied on the case under examination, the Scramble for Africa. It is proved that Lenin has highlighted the key characteristics of capitalist imperialism, explaining effectively the concept’s creation, as a result of the transformation of capitalism to an advanced social and eco nomic system (Lenin 1999, p.91). Moreover, it seems that the view of Lenin on capitalist imperialism can offer appropriate explanations on the involvement of this concept in the Scramble of Africa, at least in regard to the key aspects of the specific social and political process. 2. Lenin's theory of capitalist imperialism The theory of Lenin on capitalist imperialism is based on the following view: ‘capitalism is imperialism’ (Willoughby 2002, p.7). Moreover, capitalism is an indispensable part of modern societies. Therefore, the development of imperialism worldwide cannot be controlled. The above view of Lenin in regard to the relationship between capitalism and imperialism can be used for explaining the development of capitalist imperialism worldwide taking into consideration the following facts: issues of domination and conflicts among nations may not be clearly explained through the above theory; however, the theory of Lenin on capitalist imperialism explains the use of capitalism in the expansion of imperialism from the beginning of the 20th century onwards. From another point of view, Hall (1986) notes that the theory of Lenin on capitalist imperialism reveals the relationship between the conflicts related to capitalism and the increase of imperialism. Indeed, in accordance with Lenin, when contradictions referring to capitalism are developed within a state, then it is expected that the efforts of this state ‘to be involved in the rest of the world is unavoidable, almost necessary’ (Hall 1986, p.223). In the above case, ‘the imperial possessions are necessary as markets for excess goods’ (Hall 1986, p.223), although it is not made clear whether these possessions, meaning the foreign countries, are considered to be just destinations of goods or resources of important goods, as for example in the case of countries with important energy sources (oil, gas), or valuable assets (gemstones). It is assumed that the involv ement of a state in other states worldwide can have one or both of the above forms, aiming to support the development of capitalism within the particular state. In other words, imperialism, as described by Lenin, is used for securing the development of capitalism, therefore the above two frameworks cannot exist separately. On the other hand, it should be made clear that the