Strategic Planning for International Travel Essay

Strategic Planning for International Travel - Essay Example In the "Strategic planning for international travel" essay, the author describes the prevailing situation in the travel industry in the United Kingdom. The importance of International travel, infrastructure and public-private partnership for UK International Travel are described. Most of the European countries belong to the category of developed nation, and the countries like United Kingdom (UK), France, Germany, Italy etc are the major economic powers. As this paper deals with the international travel of UK, the focus will be on this country. European nations are economically and technically developed and hence, their transportation and travel system are quite advanced. UK is one of the leading financial powers of Europe. Its GDP as per purchasing power is nearly $2.189 trillion and per capita GDP is recorded $35,100 during 2010 (CIA, 2011). After the financial crisis of 2007-2008, its economic growth has experienced a steep downfall. However, UK’s economy is now at its recov ering stage and government is trying to bring further developments by encouraging trade and business. Tours and travels is an important aspect for the growth of trade and business and hence, the government is trying to improve its infrastructure and technology for availing better transportation system. The services industries are playing very crucial role in UK as 75% of its GDP is contributed by these services sectors. UK’s services industries include a number of sectors like transport, communication, financial, distribution, distribution, tourism etc. (U.S. Department of State, 2010). Increases trade and business activities in UK have necessitated major infrastructural and

Company law. How to raise funds from public Essay

Company law. How to raise funds from public - Essay Example Transferability of shares in the stock exchange. Stocks and shares of a public limited company can be easily traded in the stock exchange and can be converted into cash on the fair market value of shares. Unlimited numbers of members. There are no restrictions on the number of members for a public limited company. Ease in borrowing funds from banks and financial institutions. Due to its better-understood corporate form and credibility of financial disclosures, banks and financial institutions can offer funds rather easily than a private limited company. The disadvantages regarding opening of a public company are enlisted below Non restriction in transference of shares. Due to non restriction in transference of shares, it is easy for people to interfere into the management by purchasing shares. Much more legal formalities and compliance of laws regarding decisions. Business cannot be commenced prior to certain legal formalities. Much more paperwork and recording requirements are observed. On conversion of a public limited company into private limited company, much legal formalities are involved. The accounts of a public limited company should be published and dispatched to the shareholders at their registered addresses. Question: What are the roles of director and duty of care of director Answer 2: Duties of care and skill In contrast with the extensive duties of good faith, which largely restrict certain acts conflicting with the director's duty to his company, a director has duties of care and skill which are positive side to promote the welfare of the company. (Charles worth, Morse (1998) (a) The test of skill The traditional test has been...It may be more difficult to raise capital for a private limited company, as investors may be more comfortable investing funds in the better-understood corporate form with a view toward an eventual initial public offering. Raising funds from public by means of issuance of share capital. It is much easier for a public company to raise its capital than a private limited company, since investors are more comfortable in investing funds in the better-understood corporate form with a view towards an eventual initial public offering. Transferability of shares in the stock exchange. Stocks and shares of a public limited company can be easily traded in the stock exchange and can be converted into cash on the fair market value of shares. Ease in borrowing funds from banks and financial institutions. Due to its better-understood corporate form and credibility of financial disclosures, banks and financial institutions can offer funds rather easily than a private limited company. In contrast with the extensive duties of good faith, which largely restrict certain acts conflicting with the director's duty to his company, a director has duties of care and skill which are positive side to promote the welfare of the company. (Charles worth, Morse (1998) The traditional test has been that a director need not display in the performance of his duties a greater degree of skill than may reasonably be expected from a person of his knowledge and experience.