1000 results for “Global Business Strategies”.
Global usiness Strategies
Vincent
The aftermath of World War II has seen the evolution of economic regionalism as a means for fostering foreign trade thereby economic growth of participating countries. Economic regionalism was a conscious attempt to manage the opportunities and constraints created by international economic tie-ups after World War II through institutional arrangements facilitating free flow of goods and services and coordination of foreign economic policies. It embraced free trade areas, customs unions, common markets and economic unions. On the basis of the level of integration the economic regionalism can be differentiated widely, which can be visualized in the form of creation of free trade areas, custom unions, common markets and economic unions. The member countries practice preferential tariffs levying comparatively lower rates of duty on imports of goods among themselves than that from non-member countries. Free trade among the member countries is protected by a schedule of customs…
Bibliography
Marcial, Pedro. "Venezuela and Regional Integration in South America" retrieved at http://wehner.tamu.edu/mgmt.www/NAFTA / spring99 / Groups99 / pedro / final.htm Accessed on 10 April, 2004
Regional Integration in Central America" Retrieved at http://www.itcilo.it/english/actrav/telearn/global/ilo/blokit/cacmin.htm . Accessed on 10 April, 2004
Stubbs, Nicole Anne. "Regional Economic Integration: a Comparison of NAFTA and the EU" retrieved at http://depts.washington.edu/canada/nafta / 98chapters / 4stubbsnafta98.htm Accessed on 10 April, 2004
Global Business Strategies
Exit Strategy
When a firm looks to complete a joint venture, it is necessary to determine what type of exit strategy (or strategies) would be appropriate. This strategy allows the company to leave the agreement without facing extreme los, and it also allows the business to maintain the respect that they had gained in the industry already. In the proposed joint venture with the Murakami Mill in Japan, the risks have already been detailed, and it seems that the venture will be profitable to both parties. However, it would be irresponsible not to look at possible plans to leave the venture if it is not acceptable for some reason. In this section, exit strategies including divestiture of assets, allowing a joint venture partner to take the risk, diversification, shutting down the operation and other contingencies will be examined.
Divestiture of Assets
The goal of entering into a…
References
Allen, S. (2010). What is a joint venture and how do they work? Retrieved from http://entrepreneurs.about.com/od/beyondstartup/a/jointventures.htm
Carroll, M. (2012). A founder's framework for when it's time to move on and leave your startup. Retrieved from http://www.forbes.com/exit-strategy/
Kotelnikov, V. (2010). Diversification strategies. Retrieved from http://www.1000ventures.com/business_guide/im_diversification_strategies.html
Robbins, S. (2012). Exit strategies for your business. Retrieved from http://www.entrepreneur.com/article/78512
However, one needs to understand that the profits should be split evenly across other areas of operations as well, especially in research and development and other areas that stimulate company creativity.
ibliography
1. Hoover, Jeremy. 2004. 3 Ways To Re-Invest In Your usiness For Maximum Profits. On the Internet at http://www.mlmknowhow.com/articles/managing/reinvest.htm.
Student 3: One of the reasons to reinvest is because it will make you look professional (http://www.megabizflakes.com/top-3-reasons-re-invest-business) This is not as silly as it seems. The market and success on the market is quite often based on the way the clients and partners perceive you. If this is a company that reinvests most or all of its profits, then this is a company that is likely to have greater credibility on the market than a company that pays out more dividends. The former shows more commitment to long-term growth and to sustainable development, while the latter tends to look…
Bibliography
1. Ven. 2010. How To Reinvest Your Online Business Knowledge ? | Money & Knowledge. On the Internet at http://emoneymakingonline.com/2010/12/21/how-to-reinvest/. Last retrieved on September 30, 2011
2. http://www.megabizflakes.com/top-3-reasons-re-invest-business
Student 4: Reinvesting the profit also makes sense from a financial perspective. Reinvesting the profit means that it will not be taxed or rather that it will be taxed less. This means that the company will be able to enjoy both the operational benefits of reinvesting the profit (including further developing the business), but also saving an expense, through avoiding the taxation of its profits. This should also make sense from a shareholders' point-of-view, because the value of the company they have a stake in will increase, while they will not be taxed on dividends, since they will not be receiving them.
It is never easy to determine how much to reinvest, but the general understanding is that the first years of the business should be those years where all or most of the profit is reinvested. It is more important during that phase to build the market share, retrieve new client accounts and invest in research and development. Following this initial phase, the decision of how much of the profit to reinvest should remain with the shareholders, who own the company and who are the most likely to best decide how to spend their money/profits.
The problem with this strategy was that it determined higher indirect costs that the company did not take into consideration when making this decision.
c) General Motors is one of the most successful U.S. companies. But GM was forced to modify its strategy because the global competition conditions. This is mostly the case of Toyota, which developed into an important competitor of GM on the European, U.S., and Asian market. The numerous advantages of Toyota and its products and services include: lower prices, better supply chain management that is based on Japanese methods, and higher quality management (Klum, 2011).
These advantages helped Toyota become the leader of the Asian market. This helped the company also improve its international position. In addition to this, General Motors' sales and profits significantly reduced. Therefore, the company had to modify its strategy in order to reduce its costs. The company's managers considered that this…
Reference list:
1. The GM's Consolidated Strategy and Enhanced Approach (2011). The Global Mechanism. Retrieved September 24, 2011 from http://global-mechanism.org/about-us/strategyand-approach .
2. Muller, J. (2009). GM's Global Strategy in Doubt. Forbes Magazine. Retrieved September 24, 2011 from http://www.forbes.com/forbes/2009/0622/autos-foreign-aide-gm-global-strategy-in-doubt.html .
3. Klum, E. (2011). General Motors Growth Strategy. Retrieved September 24, 2011 from http://www.streetdirectory.com/travel_guide/51055/cars/general_motors_growth_strategy.html .
Global Strategic Business
Strategic Global Business Strategies
Globalization has become a ubiquitously used word in a relatively short time. Much of this globalization trend is centered on international economic systems becoming more intertwined which have been largely technologically driven. Technology has provided a platform in which has increased the speed of information transfer and consequently provided corporation more feasible access to foreign markets. As a result of globalization, many multi-national corporations (MNCs) have begun to drive a level of homogenization throughout the international business community. Standardizing processes and incorporating technology on a global scale creates much efficiency that can reduce redundancies in business processes. This advantage has produced enormous MNCs and the trend will continue to grow indefinitely. Four issues related to this trend were chosen from a current model of global corporate dominance and will be discussed in order to provide insights on strategies in the globalized environment (Anil,…
Works Cited
Anil, G., V. Govindarajan and H. Wang. The Quest for Global Dominance: Transforming Global Presence into Global Competitive Advantage. New York: Jossey-Bass, 2008. Book.
Minbaeva, D., et al. "MNC knowledge transfer, subsidary absorptive capacity, and HRM." Journal of International Business Studies 34.6 (2003): 581-599. Web.
) (Weiss, 2011).
ibliography
1. The Sloan rothers. Taking Your Startup to a Foreign Market. On the Internet at http://www.startupnation.com/business-articles/1471/1/startup-foreign-market.asp. Last retrieved on October 5, 2011
2. Weiss, Darryl. Opening in a Foreign Country; be careful. On the Internet at http://www.globalhrnews.com/story.asp?sid=158. Last retrieved on October 5, 2011
Third student
It is important for management to work on how to set up a business in a foreign country. There are so many options available, each with its own advantages and disadvantages, that management can take into considerations all these before arriving at a reasonable and profitable decision. First of all, the role of the company in the foreign market needs to be defined. According to this role, the company can act as a representative (of another foreign country or even of a local one), as an export company or a distributor (Entrepreneur, 2001).
Another decision to make is whether the company…
Bibliography
1. Wuorio, Jeff. 2011. 6 tips for launching a business overseas. On the Internet at http://www.microsoft.com/business/en-us/resources/startups/business-opportunities/6-tips-for-launching-a-business-overseas.aspx?fbid=pY__5kA9uk_ . Last retrieved on October 5, 2011
2. How to Start an Import/Export Business. On the Internet at http://www.entrepreneur.com/article/41846 . Last retrieved on October 5, 2011
Fourth student
The first thing that the management should do to ensure success when setting up shop in a foreign country is to have a substantial analysis of the market in which it will be present. A substantial analysis of the market will include several different aspects and perspective that will need to be identified, as well as the company's response to these challenges. On one hand, for example, management will need to learn about things such as the size of the market, the purchasing power and the preferences of the consumers. At the same time, management should also keep track of issues such as the competition that is active on the respective market: a high number of competitors will mean that the market may become over saturated too quickly to remain profitable for the company to set up shop there.
Exporting apparel to France would reveal a slightly similar difference. As integrant part of the European Union, France has removed numerous financial barriers in relationship to other EU member states. It has however intensified its barriers relative to product quality and sanitary standards. In terms of the direct relationship between France and the United States, this is generally a positive one, revealing mutual gains and lack of controversy. Efforts are currently being made to reduce the trade barriers between the United States and the EU as a whole (Buy USA, 2009).
4.2. Franchising
A franchising entry strategy would reveal numerous benefits for Miana Fashion, such as reduced risks and shared responsibilities, but would also imply shared financial results. In France nevertheless, such a strategy would stand increased chances of success, supported by all political, economic, cultural and legal backgrounds. France is the leading franchising country of the European Union, with…
References:
Dickson, D.M., August 13, 2009, Trade Panel Hits China's Import Barriers, Washington Times
Hugh, E., 2009, Global Manufacturing: France Outperforms while Spain Continues to Flounder, Seeking Alpha, http://seekingalpha.com/article/170859-global-manufacturing-france-outperforms-while-spain-continues-to-flounder last accessed on December 7, 2009
Pinto, J., 2009, Global Manufacturing -- The China Challenge, Automation, http://www.automation.com/resources-tools/articles-white-papers/articles-by-jim-pinto/global-manufacturing-150-the-china-challenge last accessed on December 7, 2009
2008, China Real Estate Market Faces Slump, NuWire Investor, http://www.nuwireinvestor.com/articles/looming-housing-slump-in-china-52103.aspx last accessed on November 26, 2009
Global Financial Strategy
Critical assessment of the proposal to raise capital locally rather than in the UK
In the analysis of the proposal of raising capital locally rather than in the UK, it is essential to consider four critical aspects: costs, risks, benefits/advantages, and limitations/disadvantages. In the presentation of this critical assessment, the focus will be on the four factors or aspect in order to offer reliable analysis of the situation.
Costs
In the process of raising capital locally rather than in the UK, the organization must incur several costs. One of the essential costs is the professional cost. This refers to the amount of money or financial resources paid to the legal advisors, auditors, and reporting accountants in order to execute the process of raising the capital effectively and appropriately. Another important aspect of cost is the trading cost. These are direct costs including the brokerage commissions and financial…
References
Burnham, P 2010, 'Class, Capital and Crisis: A Return to Fundamentals', Political Studies Review, 8, 1, pp. 27-39,
Carvalhal, A, & Camara Leal, R 2013, 'The World Financial Crisis and the International Financing of Brazilian Companies', Brazilian Administration Review (BAR), 10, 1, pp. 18-39,
'Chad' 2013, Columbia Electronic Encyclopedia, 6Th Edition, pp. 1-3,
Chana Kok, T, & Yap Voon, C 2011, 'Risk Factors of Commercial Banks in Malaysia', Journal Of Modern Accounting & Auditing, 7, 6, pp. 578-587,
2.1. Separate Unification - Advantages
A specification has to be made in that this process would commence with the unification of Comsec and its affiliates' websites
In case of success, the websites of other Entrystop subsidiaries would be unified
As such, the unification of Comsec's website offers a prototype
The new website would offer sufficient information as desired by the customers
4.2.1. Separate Unification -- Limitations
Only offers one category of information
Customers may often search to protect themselves against general as well as fire risks, but the sole Comsec website would offer limited data
Lack of an offer for complementary products and services
4.3. No Unification -- Advantages and Disadvantages
Advantages
No additional risks
No additional costs
Disadvantages
No possibility for improvement
Reduced chances to adapt to the changing needs of the customers
Possibility to lose competitive position
5.1. Proposed Solution
Due to the current state of the company…
Bibliography
Bennet, R., Blythe, J., 2002, International marketing: strategy planning, market entry & implementation, 3rd Edition, Kogan Page Publishers
Chaffey, D., 2006, Internet marketing: strategy, implementation and practice, 3rd Edition, Pearson Education
Fletcher, R., Brown, L., International Marketing, 4th Edition
Golberg, D., Prosser, T., Verhulst, S.G., 1998, Regulating the changing media: a comparative study, Oxford University Press
Global Business
When businesses go international, they have to operate in a more competitive, uncertain, and risky business environment. The forces present in the Global environment bring a number of challenges for the businesses; making it more difficult for them to maintain their market share, enhance profitability, and keep the customers satisfied (Cherunilam, 2007). To compete successfully and ensure a sustainable future in the international markets, business organizations have to analyze these forces carefully and strategize accordingly. Globalization has also impacted the way countries use to recognize themselves as internationally competitive and advanced than other countries (Tellis, Stremersch, & Yin, 2003).
This paper presents a comprehensive discussion on the positive and negative impacts of Globalization and the efforts which nations and business organizations make in order to become internationally competitive and keep up pace with the Globalization. The paper starts with a brief description of different environmental forces that are…
References
Benetton, (2012). The Group. Retrieved on May 3rd, 2012, from
CIA, (2012). Italy: Economy Overview. Retrieved on May 3rd, 2012, from
Cherunilam, F. (2007). International business: text and cases. India: PHI Learning Pvt. Ltd.
Dconti, (2012). Effects of Globalization on Italy. Retrieved on May 3rd, 2012, from
S.$1 = 80.38 JPY (Japanese Yen). However, the current economic crisis in the United States and in major world economies including the European Union, combined with the post-tsunami economic consequences within Japan has made the exchange rates highly volatile and fluctuating. In order to avoid exchange rate risks, the company will make all transactions in one standard currency that is U.S. dollars. Moreover, in order to avoid exchange rate risks AKJT Inc. will use hedging approach, while netting approach will also be used where necessary. Hedging approach will be more pragmatic for the company as the company will be taking financial loans from international financial institutions (IXGW, 2011).
Generation of Financial esources
Given the highly capital intensive nature of the business, generation of financial resources remains a major concern for AJKT Inc. Since the retained profits of the company are expected to remain relatively lower in the initial years, the…
References
IXGW (2011). How do foreign trade avoid exchange rate risk. Retrieved from http://www.ixgw.com/2011/02/how-do-foreign-trade-to-avoid-exchange-rate-risk/
Gowthrope, C. (2005). Business Account and Finance for non-specialists. UK: Thomson.
Sofat, R. & Hiro, P. (2008) Basic Accounting. India: Prentice Hall.
Global Business Cultural Analysis: Brazil
Cultural backgrounds reflect the ways and standards of living, which is unique and different for each country. In fact, the business world is also profoundly influenced by the cultural differences of the counties. This focus of this research paper, in this regard, is to analyze the cultural perspectives of doing business in Brazil. Therefore, major elements and dimensions of Brazilian culture such as business structures, management styles, communication, ethics, values, and customs are discussed comprehensively.
Moreover, the discussion has also been made on how the local businessmen integrate these cultural dimensions and elements. Indeed, a detailed comparison United States business has been made with that of Brazilian culture and business elements by means of Hofstede's dimension tool (that is particularly used for measuring cultural differences). Finally, the paper concludes with the implications for the U.S. businesses that plans and desires to conduct business in Brazil.…
References
Aswathappa. (2010). International Business 4E. India: Tata McGraw-Hill Education.
Beekun, R.I., Stedham, Y. & Yamamura, J.H. (2003). Business Ethics in Brazil and the U.S.: A Comparative Investigation. Journal of Business Ethics, 42(3), 267-279.
Boraas, T. (2001). Brazil. USA: Capstone.
deVries, A. & Blore, S. (2010). Frommer's Brazil. 5th Edition. USA: John Wiley & Sons.
The company offers training sessions for their staff members and presents them with several incentives, such as discounts on the organization's services or employee empowerment. This virtually means that the individual staff members are valued as vital organizational assets, and their input is considered throughout the decision making process.
The second component of the transportation and logistics infrastructure is given by the fleet. This is composed from the following:
654 aircraft fleet, out of which 71 are Airbus A300; 56 are Airbus A310; 13 are AT 72s; 26 are ATT 42s; 79 are Boeing 727; 1 is Boeing DC10 (10s); 6 are Boeing DC10 (30s); 57 are Boeing MD 10 (10s); 12 are Boeing MD 10 (30s); 57 are Boeing MD (11s); 10 are Cessna 208As; 242 are Cessna 208Bs and finally, 24 are Boeing 757-200s
43,000 vehicle fleet over 100,000 power ships over 2 million ships and ship managers…
References:
Marc h 16, 1995, FedEx Extends Tracking and Information Capabilities to America Online Users; Federal Express Customers already Using Services on FedEx Internet Worldwide Web Home Page, Business Wire
2000, FedEx Corporation SEC Filling, http://apps.shareholder.com/sec/viewerContent.aspx?companyid=FDX&docid=784953 last accessed on January 18, 2010
2010, FedEx Corporation, Hoovers, http://hoovers.com/company/FedEx_Corporation/rfhhti-1-1njdap.html last accessed on January 18, 2010
2010, The 9 Faces of Leadership, Fast Company, http://www.fastcompany.com/magazine/13/9faces.html last accessed on January 18, 2010
The lack of process orchestration shows that IBM is failing to understand and manage the bargaining power of suppliers effectively. The core requirements of the project center on a series of healthcare professionals who taken together are the stakeholders of a complex payroll processing system (Paull, 2013). The requirements from a project management standpoint is to concentrate on the bargaining power of suppliers as system integration partners and create a unified project plan that can successfully meet multiple stakeholder needs. Making this more difficult than other implementations is the bargaining power of buyers, who also are requiring that IBM construct a system they can quickly use to solve complex supply chain, procurement and strategic sourcing challenges as can be inferred from the article (Paull, 2013).
IBM has also allowed for a greater level of threat from new market entrants as well, through the ineffective management of stakeholder requirements. What's obvious…
References
Ball, L.D. 2000, "IT education success strategies for change management," Information Systems Management, vol. 17, no. 4, pp. 74-77.
By, B.P. 2013, "Michael Dell Offered Lower Price for His Shares to Make Dell Deal Work," LBO Wire, .
Fickenscher, K. & Bakerman, M. 2011, "Change Management in Health Care it," Physician Executive, vol. 37, no. 2, pp. 64-7.
Gunasekaran, a. & Ngai, E.W.T. 2005, "Build-to-order supply chain management: a literature review and framework for development," Journal of Operations Management, vol. 23, no. 5, pp. 423-451.
They communicate the H situation to the H responsible who then acts in accordance with the information received from the division managers.
The business in which Niche Tools operates requires a lot of field work. This means that people at the base observe better and faster any problems or needs that might interfere with the company's activity. Therefore, information within the company circulates mainly from the bottom to higher levels. Top managers make their decisions based on the information received from their subordinates.
The company's top management mainly assesses the conditions of the external environment. They negotiate with suppliers, they analyze competitors in order to develop competitive advantage. Also, they analyze other components of the external environment, like the economic, demographic, geographical environment and their likely influence on the company's activity.
Top managers conduct analyses in order to identify the company's strengths and weaknesses. They identify opportunities that can be…
Reference list:
1. Pieniazek, a. (2007). Centralization vs. Decentralization. Retrieved March 3, 2010 from http://adamp.com/management/centralization-vs.-decentralization/ .
Top Management
Division leader 1
Division leader 2
Most critical is the ability to capitalize on core competencies while also alleviating any cultural conflicts inherent in pursuing any diversification strategy (Doving, Gooderham, 2008). Related diversifications are related to core competencies can be seen in many industry value chains, especially in the financial services industry (Milberg, 2008). As related diversifications reduce the cultural, system and process risk of a merger or acquisition, they have been proven empirically to be more successful in certain industries, especially financial services (Doving, Gooderham, 2008).
References
Erik Doving, aul N. Gooderham. (2008). Dynamic capabilities as antecedents of the scope of related diversification: the case of small firm accountancy practices. Strategic Management Journal, 29(8), 841. Retrieved August 6, 2008, from ABI/INFORM Global database. (Document ID: 1499091871).
atrick Marren (2007). High-functioning business strategy. The Journal of Business Strategy, 28(6), 37-39. Retrieved August 7, 2008, from ABI/INFORM Global database. (Document ID: 1369331501).
William Milberg (2008). Shifting sources…
Patrick Marren (2007). High-functioning business strategy. The Journal of Business Strategy, 28(6), 37-39. Retrieved August 7, 2008, from ABI/INFORM Global database. (Document ID: 1369331501).
William Milberg (2008). Shifting sources and uses of profits: sustaining U.S. financialization with global value chains. Economy and Society, 37(3), 420. Retrieved August 8, 2008, from ABI/INFORM Global database. (Document ID: 1507056611).
Ann Mooney (2007). Core Competence, Distinctive Competence, and Competitive Advantage: What Is the Difference? Journal of Education for Business, 83(2), 110-115. Retrieved August 8, 2008, from ABI/INFORM Global database. (Document ID: 1410903891).
other intangible assets such as patents and management strength. Finally, those future earnings are discounted to arrive at a net present value. Interbrand discounts against current interest rates and also against the brand's overall risk profile to factor in brand strength. Considerations include market leadership, stability, and global reach -- or the ability to cross both geographic and cultural borders. The final result values the brand as a financial asset. BusinessWeek and Interbrand believe this figure comes closest to representing a brand's true economic worth. (Business Week, Aug, 2007 (http://www.businessweek.com/pdfs/2007/0732_globalbrands.pdf)
Among the top 100 brands the U.S. has the largest representation with a full 52 brands on the list. This is comparable to no other nation. The U.S. also boast the highest rankings in high tech brands, producing electronic support systems, like software and PCs and/or support functions for them, as well as food and beverage provider brands, while Japan…
References
BP Statistical Review of World Energy, 2008, retrieved 8, 15, 2008:
Business Week, Aug, 2007, retrieved 8, 15, 2008:
Furthermore it has become critically necessary to be equipped technologically in handling today's increased IT demands for business communication.
ibliography
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Hart, Amy (2001) Global Communication Warming - The CEO Refresher. Online available at http://www.refresher.com/!warming.html.
Martin, Jeannet S. And Chaney, Lillian H. (2006) Global usiness Etiquette: A Guide to International Communication and Customs. Online available at http://doi.contentdirections.com/mr/greenwood.jsp?doi=10.1336/0275988155.
Global usiness Support: Creating the Infrastructure for International usiness Communication (2006) Nova's Communication-ased usiness Activities. Online available at http://www.nova.ne.jp/english/corporation/02jigyo/jigyou_business.html.
Jarvenpaa, Sirkka L. And Leidner, Dorothy E. (1998) Communication and Trust in Global Virtual Teams - JCMC 3 (4) June 1998. Online available at http://jcmc.indiana.edu/vol3/issue4/jarvenpaa.html
Global Alliance Joins the Organization of the World Congress on Communication for Development (2006) Global Alliance 5 July 2006 Online available at http://www.globalpr.org/news/industry_news_direct.asp?v1=86
usiness Communications Applications on Any Network (2005) Avaya White Paper May 2005.
Avaya White Paper, "New Era of Intelligent…
Bibliography
Video Conferencing (2006) GlobalMedia. Online available at: www.globalmedia.com.
Hart, Amy (2001) Global Communication Warming - The CEO Refresher. Online available at http://www.refresher.com/!warming.html.
Martin, Jeannet S. And Chaney, Lillian H. (2006) Global Business Etiquette: A Guide to International Communication and Customs. Online available at http://doi.contentdirections.com/mr/greenwood.jsp?doi=10.1336/0275988155.
Global Business Support: Creating the Infrastructure for International Business Communication (2006) Nova's Communication-Based Business Activities. Online available at http://www.nova.ne.jp/english/corporation/02jigyo/jigyou_business.html.
Global Business
Over the last couple of generations, the world of business has gotten much more global and advanced. Technology, transportation and other advances have made the importation and exportation or goods much easier, much quicker and much more financially lucrative. Perhaps the best example of this is the heavy use of importation from China that Wal-Mart engages in with a litany of partner firms on the other side of the ocean. Wal-Mart is but one example of this phenomenon but it is certainly a major one that exist. This report shall explore international strategic alliances that businesses engage in and some of the details behind them. While some international business arrangements are ill-advised, a good many of them can be quite profitable and lucrative.
International Business Explored
The introduction of this report mentioned China, so this report will first explore them as a test case and example. Indeed, doing…
References
Matusitz, J., & Leanza, K. (2009). Wal-Mart: An Analysis of the Globalization of the Cathedral of Consumption in China. Globalizations, 6(2), 187-205.
doi:10.1080/14747730902854158
Pangarkar, N., & Klein, S. (2004). The Impact of Control on International Joint Venture
Performance: A Contingency Approach. Journal Of International
Conclusions
The five forces model is well-designed but it is far from perfect, especially for the manager not proficient in its use. The model is complex and is subject to a fairly steep learning curve. A tremendous amount of data must be collected to use the model effectively, and the analysis needs to be conducted in an objective manner. Many recent criticisms reflect the viewpoint that the model does not apply well to knowledge-based industries. hile this indicates a lack of understanding of the model, a manager attempting to analyze the computer game industry for example must be able to effectively translate the model's basic principles and terminology into that industry. This is a complex task, and the risk of relying on models such as five forces is that their surface simplicity leads managers to overestimate the model's usefulness or their own understanding of how the model works.
orks Cited:…
Works Cited:
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Karagiannopoulos, G.; Georgopoulos, N. & Nikolopoulos, K. (2005). Fathoming Porter's five forces model in the Internet era. Info. Vol. 7 (6) 66-76.
Narayanan, V. & Fahey, L. (2005). The relevance of the institutional underpinnings of Porter's five forces framework on emerging economies: An epistemological analysis. Journal of Management Studies. Vol. 42 (1) 207-223.
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This behavio is not consideed dishonest; in fact, and Indian peson would be consideed ude if he o she did not ty to attempt to give a peson what has been equested.
Anothe vey impotant aspect of business cultue in India is the meeting etiquette. Meeting Etiquette is influenced by all sots of cultual elements descibed above, including social class. Fo example, in India, one must geet the eldest o moe senio fist, and when leaving a goup each peson must bid faewell individually. Though shaking hands is common, this is only in big cities, whee the natives ae accustomed to Westenes. Men and women, howeve, do not usually shake hands.
The next pat of the business cultue is knowing Indian names, and whee they oiginate. Accoding to one aticle, names ae based upon "eligion, social class, and egion of the county." Fo Hindus fo example, in the noth, people…
references taken from "India: Language, Culture, Customs and Etiquette." (2011). Kwintesential. Retrieved August 13, 2011, from .
List provided by Shukla, M. (2011). "Guide to India." Executive Planet: Wiki. Retrieved August 13, 2011, from < http://www.executiveplanet.com/index.php?title=India >.
Jayaganesh, M & Shanks, G. (2009). "A cultural analysis of Business Process Management governance in Indian organizations." Department of Information Systems, University of Melbourne. Retrieved August 13, 2011, from .
Jayaganesh, M & Shanks, G. (2009). "A cultural analysis of Business Process Management governance in Indian organizations." Department of Information Systems, University of Melbourne. Retrieved August 13, 2011, from . s
McKnight, D., Stokes, P., Vilmenay, J. (2003). "India - A Market Analysis: For Staples Incorporated." University of Maryland. Retrieved August 13, 2011, from < http://www.sixsmart.com/SSPapers/subindia.htm >.
Many of them are either uddhist or Taoist, and both of these religions teach respect very seriously. In order to understand the idea of respect amongst siblings in the way that the Chinese individuals see it, it becomes necessary to also understand some of the Taoist and uddhist traditions and beliefs. These are not always seen as being very significant, largely because many individuals in the west do not understand Taoism and/or uddhism, and therefore it gets largely ignored. However, it is also important to understand the importance of schooling and how this affects the way that the Chinese individuals think when it comes to the respect that they show to their siblings (ogdan & iklen, 1992).
Integration of the Elements by Locals
Religion and usiness in China
uddhism is the religion that is generally seen in the Chinese culture. uddhists seek an elimination of suffering. The uddha teaches that,…
Bibliography
Balfour, Frederik. (2006). B&Q stores: Renovating China's attitudes. BusinessWeek. Retrieved from: http://www.businessweek.com/globalbiz/content/apr2006/gb20060425_120572 . htm
Bass, Frank M. The Future of Research in Marketing: Marketing Science. Journal of Marketing Research 30, 1 (1993): 1-6.
Bogdan, R.C., & Biklen, S.K. (1992). Qualitative research for education: An introduction to theory and methods (2nd ed.). Boston: Allyn & Bacon.
Cateora, P.R., & Graham, J.L., (2002) International Marketing 11th Ed. Mc Graw-Hill
Global usiness Marketing
Why do you think Toyota had waited so long to move much of its manufacturing for European sales to Europe?
One possible reason why Toyota was so hesitant is because: the euro was a new currency that had been trading for only two years. This was problematic for the company, as they could not make decisions about production, due to the fact that the euro was untested against the major currencies. At the same time, Toyota wanted to see how any possible EU integration would work. As many of the different economists and proponents claimed how it would create a new trading zone. Yet, a number of the countries were divided and this was the first attempt, to unite all of the European nations. As a result, the company would limit the overall amount of production in the European countries to: only 25% of all vehicle sales.…
Bibliography
Toyota's European Exposure. (n.d.)
Global Business 8081
Technological and Economic Changes in Educational Sector of North America
Impact of Technological Change in Education Sector of North America
Impact of Economic Change in Education Sector of North America
Impact of Technological and Economic Changes in Educational Sector of China
The paper is providing the impact of changes in the aspects of economic and technology in the educational sector of North America. The discussion is further followed with the identification of the impacts of technology and economy changes in the China similar to that of North America.
Impact of Technological Change in Education Sector of North America
It is observed that the popularity of Massive Open Online Courses or MOOCs along with the other types of distributed learning is the form of major drivers of technological change in education sector of North America. The potential of MOOC provided the potential to open higher education to several…
Reference
Altbach, P.G., Gumport, P.J. & Berdahl, R.O., 2011. American Higher Education in the Twenty-First Century: Social, Political, and Economic Challenges. s.l.:JHU Press.
Apple, M.W., 2012. Can Education Change Society?. s.l.:Routledge.
Bangay, C. & Blum, N., 2010. Education responses to climate change and quality: Two parts of the same agenda?. International Journal of Educational Development, 30(4), pp. 359-368.
Betz, F., 2011. Managing Technological Innovation: Competitive Advantage from Change. s.l.:John Wiley & Sons.
P&G is faced with the question of whethe they will be able to intoduce and maket SK-II, a beauty poduct developed in Japan, on a global scale. P&G has, in the past, successfully intoduced poducts developed in othe global egions to intenational makets successfully, howeve, with the intoduction of SK-II, it will be one of the fist times that they will attempt to intoduce a beauty poduct on a global scale and beak into new makets. In Japan, whee SK-II was developed, the beauty and cosmetics industy was a $10 billion industy; howeve, moe than 20% of the maket shae was taken by Shiseido while P&G's Max Facto held a 3% maket shae, making the company "a distant numbe-five competito" to Shiseido. Additionally, P&G must contend with thei desie to expand into emeging makets and develop a maketing and oganizational stategy that will allow them to do so successfully.
In…
references are examined out of context; how does Kanter define the size of an enterprise and how would a medium or large enterprise be defined, especially in a global context? Kanter needs to further develop how these "pillars" impact enterprises at different levels within an organization/enterprise and how these levels influence networking and collaboration across enterprises/partnerships on a global scale.
Global Business Leadership
When I first registered for the global leadership class, I thought "isn't all business the same?" In the sense that I really wasn't sure what distinguished global leadership from any other type of leadership. Having never held a management position in the workplace, I was perhaps at a disadvantage to understand the nuances of the question of global business leadership. The course has broadened my understanding of leadership on a global scale.
I see leadership as the process of leading people. The latter point is specific to understanding what leadership is -- people. A manager is someone who manages resources, and directs them to tasks, but these resources are not necessarily people -- they can be capital, or equipment. Thus, a manager is someone who determines who and what will perform the different tasks that will bring the organization closer to its stated objectives. Leadership is somewhat…
References
Rost, J. (1998). Leadership and management. From Leading organizations: Perspectives for a new era. Sage Publications: Thousand Oaks, CA
Some of the problems that this type of approach offered were:
Reliability issues -- many of these marketing directors had their own host perspective (local responsiveness) and the headquarter perspective (global integration), but none of the overarching overview that someone coordinating all the activities in other countries might have.
7. Research findings, Analysis and Evaluation
The results of the primary research are fully supported by the findings of the secondary research and backed by the general theory in the area of global marketing strategy. The marketing directors of both companies in all different regions (Asia, Latin America, Europe) have admitted to adapting their marketing strategies as much as possible to local specificities, but also recognized the important role that the headquarters and central marketing department played in the way they made their decisions, especially since the central departments were also coordinating the marketing budgets and were working towards creating economies…
Bibliography
1. Aswathappa, A. 2006. International Business. Tata McGraw Hill.
2. Kotler, P. 2006. Marketing Management. Academic Internet Publishers Incorporated.
3. Wasilewski, Nikolai. 2001. Transnational Marketing Strategies: Performance and Limitations. Global Competitiveness
4. Egan, J. 2007. Marketing Communications. Cengage Learning Business Press
global business environment and organizations are vying with each other to obtain a share in this global business market. Innovation and intellectual property protection have become crucial for business success under these increasingly competitive market environments. The fast paced business culture and the changes that Organizations encounter require good leadership skills from the business manager. Today's managers have to be proactive and anticipatory of these change requirements. They have to possess good risk management strategy to be better prepared for unforeseen market changes. A consistent effort at process improvement and a customer centric business focus has made Quality management an integral part of every business. Project management therefore involves 'communication management', 'risk management', 'quality management'. These business concepts, when applied to the classroom environment help the students imbibe these managerial skills and result in significant improvements in their academic performance, stimulate their creative thinking, and their decision-making ability. A brief…
Bibliography
1) Joshua S. Gans & Scott Stern, (2002) 'Managing Ideas: Commercialization Strategies for Biotechnology', Melbourne Business School.
2) HLC, "Great Leadership Quotes," retrieved Dec 4th 2010, from, http://leadership.uoregon.edu/resources/quotes
3) Tom Burns & Sandra Sinfield, (2004), "Teaching Learning and Study Skills A guide for Teachers: How to Promote Student Self-Confidence" Sage Publications, retrieved Dec 5th 2010, from, http://www.sagepub.com/upm-data/9781_036609CHAP6.pdf
4) Q-BPM, 'PDCA cycle', retrieved Dec 4th 2010, from, http://en.q-bpm.org/mediawiki/index.php/PDCA_Cycle
Strategy and SWOT Analysis
Key Concepts in Business Strategy and SWOT Analysis
Creating a competitive business advantage is a complex endeavor. Various techniques have been developed to guide the self-analysis process practiced by business enterprises. Traditional strategic planning engages a company in both internal and external analysis. In order to conduct a strategic analysis that makes niche or unique opportunities salient, it is necessary to have a robust view of the competitive landscape. Alternately, a thorough analysis of operations and position requires a penetrating look at the internal capacity of the company. A SWOT analysis promotes a clear-eyed look at the external and internal dimensions of a business that have the potential to impinge on the development of an effective strategic plan for the company.
A SWOT analysis takes the participants through a systematic process of examining the strengths, weaknesses, opportunities, and threats that are aspects of a company's business.…
References
Chen, J. (2013). 2013, The Year of Starbucks. Retreived http://seekingalpha.com/article/1103821-2013-the-year-of-starbucks
Starbucks (2013).Investor overview. Retreived http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-irhome
Interbrand (2013). Best Global Brands 2012. Retreived http://www.interbrand.com/en/best-global-brands/2012/Best-Global-Brands-2012.aspx
Atria's Business Strategy
Altria group, the parent company to Kraft, Phillip Morris and a host of other well-known companies, prides themselves on their commitment to innovative business practices and achievement. The company historically has performed remarkably well and has ranked number one for economic value added delivery providing shareholders unsurpassed value and performance (Altria, 2005). Their strategies for growth and business survival include superior delivery and economic returns to their shareholders in the short- and long-term.
To accomplish this goal Altria has committed themselves to improving each member of the Altria family or each of its operating enterprises. These include primarily Kraft Foods and Phillip Morris (Altria, 2005). The company also maximizes the returns shareholders realize in a consistent manner by taking advantage of technological advancements and innovations to ensure optimal technologies and knowledge sharing practices are adopted within the company.
There have been plans in recent years to restructure…
Reference:
"Altria Group." 2, November 2005:
http://www.altria.com/about_altria/1_2_1_altriagroup.asp#FromHome
Business Strategy play a part CM implementation ?
The role of business strategy in CM implementation
The economic agents of today are obliged to answer a wide array of complexities in order to attain their professional objectives. They are for instance forced to answer the growingly complex demands of the customer base. Then, they have to continually review and top the strategies implemented by the competition. They also have to operate in a manner which is socially and environmentally responsible in order to ensure that they have a positive image within the community and they also enjoy the acceptance of the public. At the level of the staff members, they have to ensure that they hire and retain the best employees, that they train their employees, that they satisfy them and that they capitalize on the investments with the personnel.
Overall then, the economic agent of the modern day society…
References:
Crowe, C., Business strategies definition, eHow, http://www.ehow.com/about_6557498_business-strategies-definition.html last accessed on July 18, 2011
Wailgum, T., CRM definition and solutions, CIO, http://www.cio.com/article/40295/CRM_Definition_and_Solutions last accessed on July 18, 2011
2011, The world factbook, Central Intelligence Agency, https://www.cia.gov/library/publications/the-world-factbook / last accessed on July 18, 2011
11 effective strategies Apple uses to create loyal customers, Inside CRM, http://www.insidecrm.com/features/strategies-apple-loyal-customers / last accessed on July 18, 2011
Danfoss HR managers had to understand these cultural clashes and devised extensive employee training programs and personality development seminars. The management also devised a platform to address employee grievances. It is necessary to conduct such seminars and employee training programs to provide the Chinese employees the cultural orientation to equip them with the skills necessary for working in a global concern. Danfoss management has learnt from its initial experience the importance of understanding and appreciating the cultural differences involved in globalization. The human resource department of the Chinese subsidiary focuses on bridging the gap and promoting a more efficient working platform, which would contribute to the overall profitability of the company. As one of the Supply chain managers at Danfoss put it ' adapt to the Chinese way on the outside and doing things our own way inside the company'. [Jonathan Story]
As discussed above Danfoss has huge market potential…
Bibliography
1) William G. Sutton, 2002, 'China's Transition in full Swing', Viewed 2nd June 2009, http://www.appliancedesign.com/Articles/Departments/efbe75132f938010VgnVCM100000f932a8c0
2) Jonathan Story, 2004, 'Danfoss in China (A&B): Taking the Family Firm Global', Viewed 2nd June 2009, http://www.managementtoday.co.uk/search/article/548055/danfoss-china-a-b-taking-family-firm-global/
3) Deloitte, 'The Israeli China Desk', Viewed 3rd June 2009, http://www.deloitte.com/dtt/cda/doc/content/chinaDesk.pdf
4) Dr. Huibert de Man & Yang Xiong, 2005, ' Selective Implementation of Management Knowledge. The Case of HRM in China', Viewed 2nd June 2009,
E-Commerce on Business Strategy
The purpose of this literary review is to determine the effects and impacts of e-commerce on business strategies and internal processes with particular emphasis on the travel industry.
Our review will include material from several different sources including the Sloan Management eview, Travel Weekly and white papers from Ernest & Young.
We will begin by defining E-commerce and the impact of it in the new economy. Subsequently we will discuss the impacts and effects of e-commerce on business strategies. Finally our discussion will focus on the Travel industry and the impact of e-commerce on Tour operators.
E-commerce
E-commerce is defined as the use of telecommunications, in particular the Internet, to purchase and sell goods and services. (The Macmillan Encyclopedia 2001) The term e-commerce also refers to using electronic means to improve the way a company does business and to create value, or competitive advantages, for the…
References
Business/Technology Editors. "Research Finds 4 E-Commerce Strategies - Only 3 Successful." June 12, 2001 PETERBOROUGH, N.H. -- (Business WIRE) -- June 12, 2001
CMC E-commerce Suite, (2002). Available at http://www.cmcltd.com/visic/ecom.htm . Accessed 27, September 2002
E-Commerce 101, (1999). [Online] Available at http://businessmajors.about.com/library/weekly/aa062899.htm?terms=e-commerce
E-commerce With Talisman" [Online].(1999). Available at http://www.datam.co.uk/e_commerce.htm. Accessed 3, October 2002
AT&T STANDARDS AND Business
Global business environment is an environment within different sovereign countries and exogenous factors to the home of an organization influence the process of making decisions when it comes to the use of resources and capabilities. These include political, social, economic, legal, cultural, tax, regulatory and technological environments.
Global business environment is an environment within different sovereign countries whereby factors that are exogenous to the home environment of a particular organization have an influence on the process of making decisions when it comes to the use of resources and capabilities. These include political, social, economic, legal, cultural, tax, regulatory and technological environments.
Challenges to global business environment
Unethical business practices,
Failure to embrace technology advancements.
Stiff competition among the businesses.
Unethical business practices exist due to the lack of established ethical code of conduct within an organization
There are serious challenges on the global business environment which…
Small Business Strategy
Small Business Marketing Strategy
A television commercials business
The small business will be termed as a television commercials business. The business involves marketing of products and services that include television gadgets, programs, hardware, software, and services related with television services. The small business will start operations as a small entrepreneur that accommodates and sells small and support gadgets that are related to television services in town. The objective of the business is to be a global force in provision and sell of television brands in the years to come. The business thrives in the motive of becoming one of suppliers and repairers of television materials in the region. The business has been established on the notion that there are many services and materials that can be provided to people with opportunities being utilized. As part of the objectives of business, services offered will have to meet the…
References
Cronin-Gilmore, J. (2010). Small business marketing strategy: Exploring marketing strategies for small businesses in the United States. Saarbru-cken: VDM Verlag Dr.
Mu-ller.
Debelak, D. (2000). Streetwise marketing plan: Winning strategies for every small business.
Holbrook, Mass: Adams Media.
HM Issues in Global Business Expansion
Introduction to Human esource Management
In the last several decades, human resource management (HM) has evolved into a major component of modern business organizations (George & Jones, 2008). In principle, HM functions have always been part of professional business management; however, it became a distinct professional field with dedicated specialists only since the latter part of the 20th century. Generally, HM consists of all of the processes and functions that relate to personnel management, from the entire cycle in between recruitment and retirement or alternative ends of careers such as voluntary departure and involuntary termination. More specifically, HM departments typically handle the hiring process, new-employee orientation and training, the resolution of personnel issues and conflicts, benefits administration, employee performance review, and post-employment debriefing processes (George & Jones, 2008).
Contemporary Human esource Management in the Age of Globalization
In the age of globalization, HM departments…
References
George, J.M. And Jones, G.R. (2008). Understanding and Managing Organizational
Behavior. New Jersey: Prentice Hall.
Halbert, T. And Ingulli, E. (2008). Law & Ethics in the Business Environment.
Cincinnati, OH: West Legal Studies.
There is no forecasting system in place to understand customers' requirements well ahead of time; from the case study it appears the orders are fought for in bidding wars between factories with price and availability being the two factors the majority of factory general managers rely on to win business.
The factory's short-term focus of just completing one order after another forces employees to also be very short-term in their work ethic as well; each order is a battle between employees and the managers of the factories. This dynamic appears to play out across the entire industry.
Basing compensation purely on piecework as a measure of productivity will nearly always lead to work slowdowns by workers to force up the rate per piecework, especially when the order is large and has a short deadline. Workers see these orders as an opportunity to earn more money.
The workers are actually running…
Chapter 1
Globalization is delineated as the socio-economic transformation and development process of eradicating trade, investment, cultural information technology, and political barriers across nations. The benefits of globalization include increased growth in the economy, political integration in various expanses, and interdependence among countries of the world. The key international institutions that facilitate globalization include the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO). To begin with, the IMF plays a significant role in global financial stability by facilitating global trade that promotes job creation, poverty reduction and economic growth. It also encourages exchange rate stability and an open system for international payments. Secondly, the World Bank aids in trade liberalization, transference of information and knowledge to developing countries to underpin sustainable development. Lastly, the WTO established the General Agreement on Tariffs and Trade (GATT), which encompasses global trade in goods through the considerable decrease of…
Company-specific, sales, quote and order processes, customer service, and warranty and returns KPIs all reflect financial performance, over time, for any company. By measuring these KPIs and engraining them into the company culture, Citrus can create a sustainable differentiator in exceptional performance as well. The bottom line is that Citrus must turn accountable and measurable performance into a lasting competitive advantage over the long-term.
Analyzing Industry-Wide KPIs for PC Manufacturers
Areas of Measurement
Baseline: What is Measured
Industry Definition
Company-specific
Project costs and expenses
Use as a baseline for defining OI
Number of orders per year
Determine configuration's impact on inventory turns
Current inventory and costs
Inventory turn savings
Customer Data
Lifetime cost per customer; avg. deal size by customer
Sales
Order cycle time
Order cycle times reduction of 35% or more recorded with mftrs contacted
Cost of Sales
Days Sales Outstanding reduction from 55 to 23 days on average…
References
AMR Research (2005) - the Handbook of Becoming Demand Driven. AMR Research Report October 6, 2006. Accessed with permission from the publisher. Lora Cecere, Roddy Martin, Debra Hofman.
AMR Research (2003) - Configuration is the Heart of Customer Fulfillment for Complex Product Manufacturers. AMR Research Report. Monday March 31, 2003. Retrieved from the Internet on May 4, 2008 at http://lwcresearch.com/filesfordownloads/ConfigurationIstheHeartofCustomerFulfillmentforComplexProductManufacturers.pdf
Askegar and Columbus (2002) - Channel Management Best Practices: It's All About Orders. AMR Research Report. Monday September 9, 2002. Retrieved from the Internet on May 1, 2008:
http://lwcresearch.com/filesfordownloads/SqueezetheRevenueOutofSPRs.pdf
Other than humans and the impact on their social and economic life, the oil companies also have a profound negative influence on the environment. The oil drilling and exploration process affect the environment at every stage. The first step is the identification of oil reserves in the region and assessing whether it can produce oil to cover the cost of drilling and exploration. The oil wells can be found inland or offshore. If the oil well is found inland, then it has to be dug out to assess its usability while for offshore drilling, the first step is to send seismic waves to understand its depth and exploration possibilities. This affects the organisms that depend on it especially the seismic waves can confuse the marine animals and disrupt their breeding grounds.
The next step is the exploration and this can lead to large scale displacement of people and misuse of…
References
Longwell, Harry. 2002. The Future of the Oil and Gas Industry: Past Approaches, New Challenges. World Energy. Vol 5(3). pp100-104
Inkpen, Andrew. 2010. The Global and Oil Gas Industry -- 2010. Thunderbird School of Global Management.
Coca-Cola's Strategies
Coca Cola's business strategy is built upon differentiation. It uses both types of differentiation, quality and branding, to set itself apart from its competition. The success of Coca Cola is literally built upon the strength of the Coke brand, even though Coca Cola now markets thousands of products in addition to the original Coca Cola. This branding has proven a significant source of the company's strength, as seen when one examines the brand in connection with a SWOT analysis of the company. However, when Coca Cola faces any type of threat as a brand, that threat can leave the entire company vulnerable. Moreover, the company's largest opportunities are in areas outside of its traditional soft-drink market.
Introduction
This paper will provide an internal overview of the business strategy employed by the Coca Cola Company, differentiation, and how it uses both a quality strategy and effective branding to set…
References
Blackwell, E. (2009 April 23). In Coke- Pepsi rivalry, both sides win. Retrieved December 5,
2011 from The Street website: http://www.thestreet.com/story/10490193/1/in-coke-pepsi-rivalry-both-sides-win.html
The Coca Cola Company. (2011). Our company. Retrieved from: http://www.thecoca-
colacompany.com/ourcompany/index.html
32). By contrast, PepsiCo benefitted from its wide product diversification. PepsiCo's product line includes popular snack names, while Coca-Cola has stuck to beverages. That has given PepsiCo the lead in overall sales, $43 billion to $31 billion in 2009 (see Dlugosch, 14 April 2010, p. 1). Question 4: Both companies' vertical involvement in their main global markets was determined by the consideration that contracts between soft-drink concentrate producers and bottlers allow the bottlers to have the last say in retail price, new packaging (but they could use only authorized packaging), selling and advertising in its territory (Martin, 26 March 2004, p. 5). This often causes strain on the relationships between bottlers, that very often are unable to produce and sell in large volumes, and the concentrate producer (Martin ibid). To accelerate revenue growth and be more agile and flexible both companies engage in vertical involvement in their main global markets…
Reference List
Ali, T. (26 February 2010). The Coca-Cola Company to buy Coca-Cola Enterprises: Vertical Integration Continues. 1-4. Accessed 6 December 2011.
Badal, A. Coca Cola Company (2007). 33-40.
Please insert missing publication data.
Future Global Corporate Strategy and International Management
The emergence of strategic management has always been attached to military history (Tallman, 2007). Studies in this area reveal various examples where the strategic management of offensive and counter-offensive led to decisive victories. Within the corporate sphere, it emerged following the Second World War. The dramatic growth of world nations such as China, Japan, and the U.S.A. served a beneficial environment for large international corporations that needed evolution in their planning and thought process. In fact, the competitive climate has created challenges for global corporations to sustain the success chart without meeting the changing requirements of business and adopting a strategy to counter these changes. Strategic management is an art that uses the processes and principles of management to create the mission or objective of any business. It identifies a proper target to meet the objective, established current opportunities and constraints in the…
Reference List
During, W. E., Oakey, R. P., & Kauser, S. (2001). New Technology-Based Firms in the New Millennium. Amsterdam: Pergamon
Dhillon, G., & Ebrary, Inc. (2001). Information Security Management: Global Challenges in the New Millennium. Hershey, Pa: Idea Group.
Devinney, T. M., Pedersen, T., & Tihanyi, L. (2010). The Past, Present, and Future of International Business & Management. Bingley: Emerald
Howes, R., & Tan, J. H. M. (2003). Strategic Management Applied to International Construction. London: Telford
Human Resources
As the global business environment continues to grow and flourish, the field of international human resources management is emerging as a vitally important area of study and competency. Managing the resources -- and hiring the best people -- that are available has become pivotal to success in the highly competitive world. Understanding the critical role that international human resource management (IHRM) dynamics can bring to an organization is the first step, and implementing that knowledge base is the second step. This paper reviews and critiques the literature on IHRM and presents the needs for changes in the field of IHRM.
IHRM -- Challenging Organizations to Grow in Global Sophistication
hat is the key to understanding the challenges that IHRM presents to organizations when they prepare to go international? In approaching this question, some of the terms and jargon need flushing out. "Expatriate" is a person that is working…
Works Cited
Agarwal, Ajay. (1993). Learning Organization. Retrieved May 26, 2011, from http://www.hrfolks.com .
Lavigna, Robert J. (2004). Recruitment and Selection of Public Workers: An International
Compendium of Modern Trends and Practices. Public Personnel Management.
The Multinational Context. Chapter 1.
Strategic Choices
The author of this report is asked to do a few things within this report. First, the author is to look at and assess the Grand Strategy Selection Matrix. Second, the author is to review and assess the general business model and strategy of Overstock.com. The author of this report is to then select which of the quadrants that Overstock falls within. While it may be a little difficult to pin them down as they are like other online companies in many ways and they are also different in many ways, the choice is pretty clear to the author of this report which one applies to them.
There are, of course, four cells in the Grand Strategy matrix and they are numbered I, II, III and IV. The first cell is for companies that are in turnarounds or re-entrenchment status, are divesting or are liquidating. Examples of firms…
References
Ning. (2014, October 2). Grand Strategy Choice. Mastering Business Strategy.
Retrieved October 2, 2014, from http://strategycapstone.ning.com/page/grand-strategy-choice
Yahoo. (2014, October 2). Yahoo Finance - Business Finance, Stock Market, Quotes,
News. Yahoo Finance. Retrieved October 2, 2014, from http://finance.yahoo.com/
Global usiness Environment
Today's global business environment gives organizations the opportunity to develop new lines of business. As businesses seek increases efficiencies, IT departments will be well placed to recommend innovative solutions based on the latest advances in technology (Guthrie and Kovac, 2002). In turn, globalization is fueled and will inevitably expand.
Successful businesses understand their customers and their markets, and create business strategies to establish their competitive positions (Hwang and Liu, 2003). Consistent with their business goals, these organizations use commodities, make goods, deliver services, and meet their customer's demands to stay competitive. In today's global business environment, they must also constantly reevaluate their business vision, increase business values, and change to gain advantage over their competitors. IT not only has been crucial to business management and operation, but has also provided significant strategic leverage to businesses.
According to Hwang and Liu (2003): "For example, Dell's early innovations --…
Bibliography
Guthrie, Cathy. Kovac, Michelle. (January, 2002). IT Leaders Drive the Net Effect. Sun Journal, Volume 5 No. 1.
Hwang, John. Liu, Simon. (May, 2003). Successful CIOs: Pushing the IT Business Value Envelope. IT Professional.
The capital requirements together with reserve policies were overhauled with the entry of new leadership and avenues of the company. Moreover, the company had to align compensation with long-term returns. The strategies, which were laid by the company after its revival was to settle the dividends of the purchasers, and pay debts, which had been accrued in payments (Stonehouse, 2004).
Porter's Five Force
The Porter's Five Forces have a great influence of the way McDonald's Company has been operating in the market. Literally, the company has embraced all the five figures making up the Porter's Five Forces. These are the forces, which influence the market as it happened to McDonald's Company. The company faced the threat of new entrants into the market. When the company was introduced, it dealt with different products, most of which were also being produced by some other companies. As such, the company had to shift…
References
Ahlstrom, D., & Bruton, G.D. (2010). International management: Strategy and culture in the emerging world. Australia: Southwestern Cengage Learning.
Facella, P., & Genn, a.M. (2009). Everything I know about business I learned at McDonald's:
The seven leadership principles that drive break out success. New York: McGraw-Hill.
Gilbert, S. (2009). The story of McDonald's. Mankato, MN: Creative Education.
Global Fighter Jets Marketing Plan
Marketing Vision
Global Fighter Jets is poised to provide customers with high-edge military aircraft specifically to combat fighter jet. Our marketing efforts will be geared towards customer's reassurance that we are the first when searching for military fighter jet such as F-35 fighter in Israel. Our key to success will center on the marketing strategy that we will implement, and our marketing strategy is the marketing mix to expand the relationship with existing customers.
Marketing Mix
Global Fighter Jets will use 4Ps as marketing mix, which include Product, Price, Promotion, and Place. Several reasons make the paper to choose 4Ps as marketing strategy.
Product: A product relates to the specifications of goods as related to the satisfaction of customers. The company chooses product as marketing mix to provide combination of quality, brand name and features to launch the product into the market.
Price: The reason…
References
Business Monitor International Ltd. (2011). Market Structure & Defence Industry. Venezuela Defence & Security Report.
Bruce, M. Daly, L. & Kahn, K.B. (2007). Delineating Design Factors that Influence the Global Product Launch Process. The Journal Product Innovation Management. 24:456 -- 470.
Chen, M.K. Wang, S.C. & Chiou, C.(2009). Global Logistics Management for the E-Business Policy for Manufacturing. International Journal of Electronic Business Management. 7(2): 86-97.
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Global Marketing -- Country Penetration Strategies
Global Marketing
Global marketing refers to the degree to which a business organization strategizes to operate in an international market in a competitive way. This paper focuses on the Country Penetration strategies that are formulated to ensure a potential entry and a sustainable future into a new international market (Lord & anft, 2000). The increasing trend towards Globalization has opened attractive opportunities for large-size organizations to expand their business operations in potential international markets. In order to thrive and develop their strong presence in those markets, organizations need to perform a comprehensive situational analysis and formulate marketing strategies so that they can avail the attractive opportunities and encounter the possible threats (Lord & anft, 2000).
This paper covers all those country penetration strategies that are devised by large MNCs when they target some international market as a part of their expansion or growth strategy.…
References
Achrol, R., S., (1991). Evolution of the Marketing Organization: New Forms for Turbulent Environments, the Journal of Marketing, American Marketing Association, Vol. 55, No. 4 (Oct., 1991), pp. 77-93
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Farley, J., (1964). Why Does "Brand Loyalty" Vary our Products? The Journal of Marketing, American Marketing Association, Vol. 1, No. 4, pp. 9-12
Gronroos, C., (1994). From Marketing Mix to Relationship Marketing: Towards a Paradigm Shift in Marketing, Management Decision, Vol. 32 Issue 2, pp. 4-20
Employee development and training is an alternate zone. In the IT business, training is not simply about recognizing training needs and giving the presupposed training, but anticipating and reckoning the necessities and advancing suitable training to equip employees so that they can handle the challenges.
Another serious challenge is the way businesses have the ability to fuse all the sub-systems in H and help them in accomplishing a definitive objective: extraordinary performance. Individuals must be groomed to get in tune with the performance culture. Making an environment that invigorates the formation of information and its sustenance all through the organization is an enormous challenge. However, investments in Human esource Information Systems (HIS) must create, maintain, and enhance a performance driven culture. The role shifts to that of a facilitator. H will include the entire organization in this process and go about as an advisor and facilitator. This is a H…
References
Aswathappa, A. (2009). International business. New Delhi: Tata McGraw-Hill.
Bell, M.P. (2012). Diversity in organizations. Mason, Ohio: South-Western College.
Burke, R.J. (2005). Reinventing human resource management: Challenges and new directions. London [u.a.: Routledge.
Congress, E.P., & Gonza-lez, M.J. (2013). Multicultural perspectives in social work practice with families. New York: Springer Pub. Company.
Business Manager 0668
Transactions Process
Tools for customers
E-commerce payment solutions
Search Engine Optimization
Strategies for improvement
Affiliate Programs
Website advertisement
Search Engine Optimization and webpage rankings
Global business diversity
Business climate
Language
Culture
Infrastructure
Customer elationship Management
Website integration of tools
Discuss how you will facilitate customer payment using e-commerce solutions (e.g., how the transaction will take place, including the tools customers will use).
The customer transactions and payments are one of the important elements of e-commerce strategy. The businesses are required to offer a secure and trust worthy system for their client to manage the financial transactions. There are different transactions handling methods used by the e-commerce-based organizations. These payment methods should be aligned with the overall business transaction handling process as well as appropriate selection of tools and e-payment solutions.
Transactions Process:
The transactions of products produced under the label of Sunny Day salon are mainly related…
References:
Buttle, F. (2012). Customer relationship management.USA: Routledge.
Kent, P. (2012). Search engine optimization for dummies. USA: John Wiley & Sons Inc.
Kim, C., Tao, W., Shin, N., & Kim, K.S. (2010). An empirical study of customers' perceptions of security and trust in e-payment systems. Electronic Commerce Research and Applications, 9(1), 84-95.
Ojeda-Zapata, J. (2011). iPad Means Business: How Apple's Tablet Computer is Changing the Work World. USA: Happy About.
Inventory Management Strategy. In his book, Streetwise Project Management, Dobson (2003) advocates the use of a just-in-time inventory management strategy to keep inventories low and manufacturing process more productive. This approach, though, will require close coordination with a Brazilian supplier, warehousing operations, planners and forecasters, and transportation directors throughout the inventory management process. In this regard, Epps (1995) advises, that such an approach requires the efficient transportation of materials from outside vendors directly to the work-in-process area, where the required value added processes of the manufacturing operations take place, which is followed by the shipping of the finished products to the customer within a reasonable timeframe. This inventory management strategy can save manufacturers the costs of inspection, stocking, material handling, inventory tracking, carrying the inventory, and the dangers that are typically related to damage to parts and their tendency to become obsolete over time (Epps).
The just-in-time inventory management strategy…
References
Bolten, E.F. (1997). Managing time and space in the modern warehouse with ready-to-use forms, checklist & documentation. New York: AMACOM.
Boyson, S., Harrington, L.H. & Corsi, T.M. (2004). In real time: Managing the new supply chain. Westport, CT: Praeger.
Brazil. (2009). U.S. government: CIA world factbook. [Online.] Available: https://www.cia.
gov/library/publications/the-world-factbook/geos/br.html.
Global Strategies
Global Management Strategies
Involvement in the global economy is inherently risky but also carries a number of distinct opportunities for those who venture thusly. According to our research, as highlighted in the text by Dess & Lumpkin (2002), there are four distinct management strategies for entering into the international trade. Accordingly, these are identified as exporting; licensing and franchising; strategic alliances and joint ventures, and; wholly owned subsidiaries.
Exporting:
Exporting is perhaps the most common avenue for engaging in the global trade. Many domestic companies rely on target populations in foreign countries in order to meet core sales expectations. And as the article by Delaney (2010) notes, many of these companies will use intermediary export companies or agencies in order to reach broad customer bases. Indeed, this is the most notable advantage of the approach, which enables a company to bring its products to a decidedly wider base…
Works Cited:
Delaney, L. (2010). Indirect Exporting: Advantages and Disadvantages to Indirect Exporting. About Import and Export.
Dess, A. & Lumpkin, L. (2002). Strategic Management: Creating Competitive Advantages, 1st edition. McGraw-Hill.
Joint Ventures. (2013). The Advantages and Disadvantages of Entering A Joint Venture. Joint-venture.swimintheincomestream.com.
Global Marketing
According to Cleveland and Laroche (2007), the global consumer is characterized as someone who fits in with global consumer culture. This is a culture that has certain characteristics that are static internationally, such that the global consumer can be subject to global marketing. The global consumer is understood in contrast to the local consumer. The local consumer bears strong characteristics of the local market, in their tastes and buying patterns. The global consumer trends more towards international norms. The global consumer is aware of and has some preference for international products and bears similarity to international buying patterns. In essence, the global consumer in Shanghai will have tastes and characteristics that relate more to other global consumers in Vancouver, London or Mumbai than to the people of the local Shanghai market.
Global consumers have emerged as the result of two key trends, identified in Czinkota and onkainen (2013).…
References:
Andersson, S. & Servais, P. (2010). Combining industrial buyer and seller strategies for international supply and marketing management. European Business Review. Vol. 22 (1) 64-81.
Balabanis, G. & Diamatopoulos, A. (2004). Domestic country bias, country-of-origin effects and consumer ethnocentrism: A multidimensional unfolding approach. Academy of Marketing Science Journal. Vol. 32 (1) 80-95.
Cleveland, M. & Laroche, M. (2007). Acculturation to the global consumer culture: Scale development and research paradigm. Journal of Business Research. Vol. 60 (3) 249-259.
Czinkota, M. & Ronkainen, I. (2013). International Marketing. South-Western College Publishing.
Now, the way to get found is through the internet. There are several different methods that can be used, too, and may businesses will choose a combination of methods so that they are able to reach out to the largest number of people without spending too much money. Even the largest and most prosperous companies have a budget, and they probably do not want to (or cannot) go over that budget in order to get results. With that being the case, these companies have to focus on the most popular ways to reach out to customers. To do that, the company needs to know the market it is targeting with its product or service (Amor, 1999; Beynon-Davies, 2004; Frieden & oche, 2006; Tcakz & Kapczynski, 2009).
A target market is vital to success, because any business (online or not) has to market to people who want and need what the…
References
Amor, D. (1999). The e-business (r)evolution. Upper Saddle River: Prentice Hall.
Beynon-Davies P. (2004). E-Business. Palgrave: Basingstoke.
Charlesworth, A. (2009). Internet marketing: a practical approach. New York: Butterworth-Heinemann.
Chaudhury, A. & Kuilboer, J.P. (2002). e-Business and e-Commerce Infrastructure. New York: McGraw-Hill.
Global E-Commerce
Strategy implementation issues
Strategy formulation and implementation are very difficult and lengthy parts of a management process. It should be known that both formulation and implementation are interdependent. In other words, the strategy making and the implantation of the strategy should be carried out in a proper way. There are many issues that arise in making strategy and implanting it.
Conflicts can arise during strategy formulation and one should know how to handle them. As mentioned earlier, strategy planning and execution are interdependent and a plan needs to be present before something can be executed. Another thing to note is that execution takes more time than coming up with the plan. This can detract the managers from attending to the strategic goals of the process. Furthermore, the process of executive should be adaptive and dynamic enough to any changes that may arise.
Another issue that comes up is…
References
Kraemer, K., Fibbs, J. And Dedrick, D. (2002). 'Impacts of Globalization on E-Commerce Adoption and Firm Performance: A Cross-Country Investigation'. [e-book] Irvine: University of California. http://www.crito.uci.edu/papers/2002/JIBS.pdf [Accessed: 16 Sep 2013].
Stathopoulos, K., Espenlaub, S. And Walker, M. (2004). U.K. Executive Compensation Practices: New Economy vs. Old Economy. Journal of Management Accounting Research, 16 (1), pp. 57-92
Business Strategy
Business and Corporate
business strategy analysis of kraft foods
Analysis of Business Level Strategy
Kraft Foods Inc. is the second largest food company in the world and makes annual revenues in excess of $54 billion (Kraft Foods Annual eport, 2012). It operates in a highly competitive consumer foods industry where high volume sales are essential for competitive success. Tapping into new markets and growing one's brand portfolio are also important for growth and success.
Kraft Foods Inc. pursues a number of business-level strategies to support its corporate level strategies. The business level strategies are determined by answering the question How do we compete? (Ireland, Hoskisson & Hitt, 2008). Kraft Foods Inc. has selected product differentiation and brand development as its primary business level strategy. Product differentiation involves creating and conveying to the consumer a unique feature of the product portfolio that distinguishes the company from the competition and…
References
Furrer, O. (2011). Corporate level strategy: Theory and applications. (p. 2). Routledge
Ireland, R.D., Hoskisson, R.E., & Hitt, M.A. (2009). Understanding business strategy: Concepts and cases. (p. 88). Cengage Learning
McKern, B. (2003). Managing the global network corporation. (p. 125). Routledge
O'Grady, T.P., & Malloch, K. (2010). Innovation Leadership. (p. 371). Jones & Bartlett Learning.
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the…
References
E Commerce Growth. (2010). Strategic E-Commerce Solutions. Retrieved from: http://www.sescommerce.com/ecommerce-growth.asp
Internet Usage Statistics. (2010). Internet World Stats. Retrieved from: http://www.internetworldstats.com/stats.htm
PEW Wireless Internet Usage Rising. (2010). Wireless Week. Retrieved from: http://www.wirelessweek.com/News/2010/07/PEW-Wireless-Internet-Use-Rising-Mobile-Content/
Reflective Writing. (2010). UNSW. Retrieved from http://www.lc.unsw.edu.au/onlib/pdf/reflective.pdf
Strategy & Decision Making
Vision
Wal-Mart has become a global corporation. The company's primary vision focuses on a more global presence and promotion of the organization's ethical culture across global stakeholders. The company's concept of a vision statement focusing on a culture of ethics is vital in globalization. The company has embraced diversity and culture in their global operations thus leading to a competitive advantage and good reputation. By promoting a culture of ethics, Sam Walton has assisted stakeholders and customers to make informed decisions thus doing the right thing (Griffin, 2012).
Wal-Mart's mission statement focuses on quality customer service, striving for excellence and respect for individuals. Therefore, based on their core beliefs and values, the mission of the company emphasizes on the provision of daily low prices and exceptional services to customers. The company has managed to uphold their business for long because the top executives and managers work…
References
Griffin, R.W. (2012). Fundamentals of management. Mason, OH: South-Western Cengage
Learning
Hitt, M.A., Ireland, R.D., & Hoskisson, R.E. (2009). Strategic management: Competitiveness and globalization. Mason, OH: South-Western
Husted, B., & Allen, D.B. (2011). Corporate social strategy: Stakeholder engagement and competitive advantage. Cambridge, UK: Cambridge University Press
Just as Sarbanes-Oxley legislation created significant opportunities for management consultancies, the same holds true for sustainability requirements in European nations.
In conclusion, all management consultancies are attempting to position themselves as trusted advisors to firms looking to stabilizing existing sales while growing into emerging markets. Of the five included in this analysis, all also have social media channels that are well-populated with content meant to convey their thought leadership in specific areas as well. Yet in the area of equating strategies to IT investments, the majority take the approach that more IT spending is potentially the path out of strategies not performing well. Only the Boston Consulting Group takes a more strategic view of systematic change to businesses, choosing to layer in TI after the frameworks have been created. Their legacy strengths in the BCG and Growth/Share Matrices could be the impetus for this approach. Despite that fact, Boston Consulting…
References
Greiner, L., Motamedi, K., & Jamieson, D.. (2011). New consultant roles and processes in a 24/7 world. Organizational Dynamics, 40(3), 165.
Mors, M.. (2010). Innovation in a global consulting firm: when the problem is too much diversity. Strategic Management Journal, 31(8), 841.
Klaasjan Visscher, & J. Irene A Visscher-Voerman. (2010). Organizational design approaches in management consulting. Management Decision, 48(5), 713-731.
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