Manufacturing, tourism and history of engineering o Manufacture The manufacture and assembly sector in Guatemala used to be integrated by industries involved in apparel and textiles. Elements such as adding value to the products, the opening of new markets, the ongoing negotiations of free trade agreements with the European Union and those already signed with Panama, Colombia and Chile, as well as the improvement of productivity and market intelligence represent investment and trade opportunities for new investors who want to utilize the advantages offered by Guatemala as an export platform and a logistics center for the world. Advantages from Investing In Manufacture Guatemala offers high profitability in the manufacturing / assembly sector thanks to its mixture of favorable conditions. Guatemalan human resources show a high level of commitment to training and performing their job with knowledge and efficiency. Activities 1. The various businesses collectively that process, distribute, and support farm products. 2. The quality of being doable or usable. 3. Strategy that is extending over a long time. 4. A group of the same or similar elements gathered or occurring closely together. 5. Money that is invested with an expectation of profit. 6. International trader. 7. Sufficiently low in price or high in quality to be successful against commercial rivals. 8. Manufacturing or growing something (usually in large quantities) for sale. 9. The trading or selling opportunities provided by a particular group of people. 10. A port of harbor accessible to seagoing vessels. Seaport Agribusiness Production Clusters Long-term strategy Feasibility Exporter Competitive Markets Investment 1. 2. 3. 4. 5. 6. Apparel: _____________clothing industry______________________ Position: ___________ has to be located or be put on______________ Manufacture: ________the making articles sector________________ Market intelligence: ______strategies of marketing________________ Profitability: __________something that produces a benefit_________ Commitment: ____________Being dedicate______________________ o Tourism Touristic sector provide a huge potential for investment, becoming the main entry of the commercial balance, surpassing coffee, sugar, cardamom and other exports. Guatemala’s privileged geographic position, political stability, natural and cultural richness and its climate of “eternal spring” are competitive advantages that makes the country an attractive travel destination. Provide a comprehensive supply and have a large variety of high quality tourism segments, such as: 1. 2. 3. 4. 5. 6. 7. Archeology Colonial history and legacy Indigenous culture and communities Volcanoes Fishing Ecotourism and adventure Beaches on the Atlantic and pacific coast Main areas for tourism development o o o o o Antigua Guatemala Peten, Mayan World Caribbean Coast: Izabal Atitlan Lake Guatemala City Glossary Agribusiness: an industry engaged in the producing operations of a farm, the manufacture and distribution of farm. Agroindustry: industry connected with agriculture. Apparel: clothing Commitment: the state o quality to being dedicated to a cause. Competitive: as good as or better than others of a comparable nature. Exporter: a wholesaler who sells to merchants or industrial consumers in foreign countries. Feasibility: the state or degree of being easily or conveniently done. Foreign: of, from, in, or characteristic of a country of language other than one’s own. Framework: an essential supporting structure of a building, vehicle, or object. Income: money received, especially on a regular basis, for work or through investments. Infrastructure: the basic physical and organizational structures and facilities (e.g., buildings, roads, and power supplies) needed for the operation of a society or enterprise. Landscape: all the visible features of an area of countryside or land, often considered in terms of their aesthetic appeal. Make (a piece of land) more attractive by altering the existing design, adding ornamental features, and planting trees and shrubs. Long-term strategy: strategy that is extending over a long time. Manufacture: the making of articles on a large scale using machinery. Market: advertise or promote (something). An area or arena in which commercial dealings are conducted. Market Intelligence: is the information relevant to a company's markets, gathered and analyzed specifically for the purpose of accurate and confident decisionmaking in determining strategy in areas such as market opportunity, market penetration strategy, and market development Platform: is a plan for creating revenue by allowing registered members to create content that can be consumed by a specific user group or general audience. Policy: the limits within which decisions must be made. Business policy also deals with acquisition of resources with which organizational goals can be achieved. Business policy is the study of the roles and responsibilities of top level management. Position: Market commitment or exposure of an investor or trader in commodities or securities, expressed as the amount of owned items (long position) or owed items (short position). Production: The processes and methods used to transform tangible inputs. Mechanical or chemical steps used to create an object, usually repeated to create multiple units of the same item. Profitability: The state or condition of yielding a financial profit or gain. It is often measured by price to earnings ratio. Revenue: The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted. Salary: Agreed-upon and regular compensation for employment that may be paid in any frequency but, in common practice, is paid on monthly and not on hourly, daily, weekly, or piece-work basis. Seaport: a town or city with a harbor for seagoing ships. A port or harbor on or accessible to a seacoast and providing accommodation for seagoing vessels. Wage: A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to a manual or unskilled worker. o Engineering It is the application of science to the optimum conversion of the resources of nature to the uses of human kind. Is based principally on physics, chemistry, and mathematics and their extensions into materials science, solid and fluid mechanics, thermodynamics, transfer and rate processes, and system analysis. Unlike the scientist, the engineer is not free to select the problem that interests hum; he must solve problems as they arise; his solution must satisfy conflicting requirements. Usually efficiency costs money; safety adds to complexity; improved performance increases weight. The engineering solution is the optimum solution, the end result that, taking many factors into account, is most desirable. Engineers employ two types of natural resources, materials and energy. History of Engineering The first engineer known by name and achievement is Imhotep, builder of the Step Pyramid at Saqqarah, Egypt, probably in about 2550 bc. Imhotep’s successors Egyptian, Persian, Greek, and Roman carried civil engineering to remarkable heights on the basis of empirical methods aided by arithmetic, geometry, and a smattering of physical science. In construction medieval European engineers carried technique, in the form of the Gothic arch and flying buttress, to a height unknown to the Romans. Civil engineering emerged as a separate discipline in the 18th century, when the first professional societies and schools of engineering were founded. England and Scotland were the birthplace of mechanical engineering, as a derivation of the inventions of the Scottish engineer James Watt and the textile machinists of the industrial Revolution. The growth of knowledge of electricity from Alessandro Volta’s original electric cell of 1800 through the experiments of Michael Faraday and others, culminating in 1872 in the Gramme Dynamo and electric motor led to the development of electrical andelectronics engineering. Chemical engineering grew out of the 19th century proliferation of industrial processes involving chemical reaction in metallurgy, food, textiles, and many other areas. By 1800 the use of chemicals in manufacturing had created and industry whose function was the mass production of chemicals. The design and operation of the plants of this industry became a function of the chemical engineer.
