Selling a major asset is a major strategic decision. A number of factors must be taken into account with such a sale, including the overall strategic direction of the parent company and the operating environment of both the parent and the subsidiary. In this case, it appears that two factors have come into play. The first is that the French firm is seeking to improve its balance sheet; the second is that there is regulatory pressure to divest the Chinese subsidiary. As the latter is more of a forced situation that has relatively less bearing on strategic management, this paper will analyze the decision to sell this major asset in the context of internal and external analysis.
AXA management has recognized that their balance sheet is in a weak position, a consequence of the global economic slowdown. One of the more common solutions to this problem is the sale of non-core assets. Minority stakes in foreign companies are often the target of asset sales to generate cash that will improve a company's weak balance sheet. An internal analysis such as a SWOT can reveal such weaknesses in a company's finances and guide management towards opportunities for solutions in the marketplace.
Furthermore, if...
Slavery was more than an economic institution; it had completely radicalized the nation. Identity was inextricably tied up with race; even after emancipation, blacks were not truly free, and were certainly not equal. Even in the North, African Americans were second-class citizens, but it was in the South where racism truly flourished. Jim Crow was the most notable manifestation of official policies that preserved racist institutions for generations. When the
Technology Business Processes Technology Mediated Organizational Improvement: Spotify's Marketing Mix The proliferation of the personal computer, the high speed internet connection and the personal listening device have all have a dramatic change on the way that consumers acquire and use music. The inception of digital media and file compression has changed the rules of music acquisition for the artist, the consumer and the retailer alike. For the consumer, the acquisition of music
This were then replaced with larger big band orchestras as technology allowed such large groups to be clearly recorded, "As the swing era began, shorts were made of many of the top orchestras," (Yanow 2). Big band orchestras began showing up in all the major Hollywood productions. They featured pre-recorded songs where the musicians lip singed. It is interesting to have such a crucial period on film. The Swing Era
globalization effect or reason for the creation of Hip-Hop Culture in the Western province in Saudi (Jeddah)? Saudi Arabia is a country of variety and as of recently, hip-hop. The hip-hop culture of Jeddah, Saudi Arabia's western province, is a culture that signifies not only a new trend of music and interests never seen before in the area, but also an embrace of modern symbols, meaning, and language that could
Copyright Infringement & the Digital Millennium Copyright Act (DMCA) of 1998 This paper looks into the issues of copyright infringement and circumvention of technology with reference to Digital Millennium Copyright Act of 1998. The author of this paper has carefully studied the law in question and has focused on various issues connected with this legislation. DMCA is a highly controversial law that has been staunchly opposed and actively supported by different
CONTROLLING OUR EMOTIONS? EMOTIONAL LITERACY: MECHANISM FOR SOCIAL CONTROL? At the core of becoming an activist educator Is identifying the regimes of truth that govern us the ideas that govern how we think, act and feel as educators because it is within regimes of truth that inequity is produced and reproduced. (MacNaughton 2005, 20) Disorder, addictions, vulnerability and dysfunction...." Disorder, addictions, vulnerability and dysfunction...." These terns, according to Nolan (1998; Furedi 2003; cited by Ecclestone
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