It seems that global sourcing is best way to go when expanding the business even though, domestic sourcing will provide familiar suppliers. "For example, Wal-Mart identifies common products used throughout the world and "determines whether there is an opportunity to improve quality, reduce costs and, by working with a best-in-class supplier, achieve better replenishment and new item introductions (1)." For instance, Wal-Mart has worked with its copy-paper sales supplier to offer new products and more value to customers throughout the world. y actively working with these suppliers, Wal-Mart has realized sales increases of 46% in England, 94% in Germany, 38% in Canada, and 25% in U.S. discount stores, and a 13% increase at Sam's Club stores" (Frahm 2010). Global sourcing vs. domestic sourcing, global sourcing wins due to the benefits that it can provide despite the downfalls, it may have, which can be prevented by due diligence.
Frahm, Scot.…… [Read More]
Global ourcing Potential Benefits and Problems
ix igma Article Review
Breyfogle, Forrest W., and David Enck. (May 2002) "ix igma Goes Corporate." Business Management. Issue 7. http://www.optimizemag.com/issue/007/management.htm
ix igma is a statistical term that measures how far any given process deviates from its ideal or perfect outcome. "We all dream of perfection -- of coming up with a flawless business plan and the optimal processes for executing it. But being perfect in these areas is a hard thing to define, let alone quantify. How precisely can you really measure success?" (Breyfogle & David Enck, 2002, 1) From the quantitative side of business theory, the ix igma strategy employs formerly purely numerical analytical procedures to the human and managerial side of the business equation.
The central idea behind ix igma is that if it can be determined how many defects are in a process, these defects can then be eliminated. It…… [Read More]
Outsourcing and Global Sourcing
According to Entrepreneur.com, the term "outsourcing" refers to "the practice of having certain job functions done outside a company instead of having an in-house department or employee handle them," (2011). While in the past, these job functions have been limited to menial or highly technical tasks, the consensus among outsourcing researchers is that commercial corporations are beginning to outsource large portions of corporate functions, which in turn allows them to cut costs and provide a wider, truly global range of resources for their clients and developers, hence the term "global sourcing" (Kumar & Sarangan, 2011). Nonetheless, there are those who caution against outsourcing too many functions, as the key to successful outsourcing is the effective management of outsourcing suppliers (Chung, Yam & Chan, 2004). This topic is of particular interest to me as a business student likely to work in for a corporate entity in the…… [Read More]
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).…… [Read More]
Global and National Hunger
Hunger can be described as a physical sensation of desiring food. Usually even the highly privileged may experience mild hunger, however brief experience will never be harmful. People suffering from hunger are a larger scale reference to individuals who are unable to eat sufficient food in meeting their basic nutritional needs for a sustained period of time. A large proportion of the world's populations are affected by hunger throughout history. Occasionally it result originates from plagues, war or adverse weather changes.
Several inter-related issues that cause hunger tend to be related to economic as well as other factors that cause poverty. A part from the named above causes of hunger we have drought, famine, diversification of land use to non-productive use, poor eating habit, inefficient agriculture, land right and ownership as other causes of hunger, (Anup Shah, 2010). As we try to solve the problem of…… [Read More]
" The final force of collaboration, which Freidman (2006) calls "informing"-which are search engines like Yahoo, Google, MSN, etc., which has facilitated "Internetizer technologies" to work together with limitless information all by itself (Freidman, 2006).
Therefore, the initial three flatteners formed the novel stage for cooperation, and the subsequent six have been the novel shapes of cooperation that flattened the world. The last flattener is referred to as "the steroids," and these have been regarded as "wireless-access" along with "voice-over-Internet-protocol (VoIP)." The steroids have accelerated these novel kinds of cooperation, which has allowed "Internetizer technologies" to execute anyone of them, from anyplace in the world, using any tool (Freidman, 2006).
The first convergence took place when all ten flatteners united around the beginning of the new millennium. This formed a worldwide, Internet-enabled in performing ground that permitted manifold kinds of cooperation on R&D and work, regardless of not…… [Read More]
Sourcing equity / ax management
Contrasting between global tax systems
National taxing has been proven to affect economic decisions made by MNEs. ypically, the settlement of taxation will take two different approaches, which are the worldwide approach and the territorial approach. he first approach will levy taxes based upon the income earned by firms that are controlled in the host country. herefore, an investor earning income internationally would find his/her income taxed by the local tax authorities. For example, a country such as the United States will tax the income earned based upon firms that are located in the U.S. whether the income is received by firms based in the United States, domestically sourced, and/or foreign sourced (Moffett, Stonehill & Eitemen, 2012). However, an issue that arises is that the taxation does not take into consideration the foreign companies that are based in the United States.
herefore, the territorial approach…… [Read More]
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…… [Read More]
To be sure, serious obstacles still remain in Europe -- most notably, the rigid labor laws that make relocating jobs a long and costly process. For example, while it's relatively easy for companies in the U.S. To fire employees whose jobs they want to outsource, to lay off an employee in Germany, a company first has to justify its decision to the union and then give its worker a notice period of four weeks to seven months.
The difference in attitudes goes back to the way both regions developed, says ichard Hill, an intercultural consultant with Europublic, a Brussels-based agency that advises companies in international business. "America was based on a can-do mentality, which is a reflection of the first Europeans who got to a huge, open, immensely rich country and were able to exploit it without any inhibitions," Mr. Hill says. On the other hand, Germany became a nation…… [Read More]
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…… [Read More]
Outsourcing in a Global Community
"Even though 'Outsourcing' has its demerits and has been criticized the benefits which it brings is advantageous to the U.S. both now and in the long run."
This statement identifies a claim of fact showing that even though outsourcing has its demerits as any other condition would entail, the benefits which the U.S. economy would achieve by way of outsourcing is much more than its disadvantages and the advantages are not only beneficial now, but also in the long-term.
Outsourcing results in while a firm contract out a business activity to an outsider supplier. This process is normal within the U.S. economy for quite a substantial period. It has become easier to outsource business activities like the customer service, telemarketing, and document management. Other businesses inclusive of medical transcription, tax preparation, and financial services also outsource their activities. The estimates made by the Gartner research…… [Read More]
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…… [Read More]
Crowd-Sourcing Service User Funding for Participation in Educational Conferences
eporting on the Joint World Social Work conference held in Melbourne, Australia, Peter Beresford wrote, "There are fears that policymakers have lost interest in ensuring the users of care services have their voices heard" (2014). Social workers established the involvement of service users and carers as a key priority in social service, pioneering efforts to forward user involvement on an international level (Beresford, 2014). As a profession, social work has led service user and carer engagement in education, policy, practice, and research (Beresford, 2014). The long-term impact goal of these efforts has been to equalize relationships between service providers and service users as a means to tapping into their experiential knowledge for the purposes of fostering authentic co-production and improving service provision (Beresford, 2014).
That interest in these goals seems to waning or neglected was manifested by the attendance at the…… [Read More]
Proctor & Gamble, Unilever and other companies have esearch & Development (&D) labs in the nations where the market size and potential for sales can substantiate an investment (Shahhosseini, Ardahaey, 2011). This gives these companies insights and market intelligence they can use in designing next-generation products that closely align with their target customers' unique needs. This strategy of also allowing the product, promotion and place or distribution aspects of the marketing mix to be controlled locally has shown significant value over time in generating brand loyalty (osenbloom, Dimitrova, 2011). This can be attributed to how effectively these &D centers get at matching the unmet needs of prospects with the products being developed by companies known for their marketing expertise, for example Proctor & Gamble.
The globalization drivers that would most affect which aspects of the marketing mix are centralized vs. distributed across regional and country offices are first the economics…… [Read More]
The rules and regulations are designed to level the competition and to disrupt advantages of a country based on price and favored tax status. All of the countries in the union must abide by these tax and trade regulations. In January of 2004, Denmark and Sweden were forced to remove import restrictions on alcohol purchased for personal consumption (EPHA, 2007).
A recent decision by the European Court of Justice (ECJ) determined that the Swedes have attained a monopoly on alcohol. They are attempting to limit the general consumption and limit underage drinking in their country. Alcoholism is considered to be problematic in Sweden and lawmakers see a need to take measures to attempt to curb overall consumption of alcoholic beverages.
The effects of this decision are two-fold, when one considers the impact on expanding Olde Distillerie products to Sweden. The first affect is that this decision supports alcohol as an…… [Read More]
E-Commerce Strategy and Global EC
How should the Internet and EC be considered by business strategic planners? By IS strategists and by ICT planners?
Electronic commerce and internet play an important role in the formulation and implementation of the strategy that indicates that how a new or an existing company aims to conduct its business electronically. While developing strategic plan, the concerned authorities shall pay reasonable attention to out sourcing, application development and business process re-engineering. In addition to that, the ICT strategists shall also ensure that there is sufficient flow of relevant information within the organization. Moreover, the strategists shall ensure that their product or business is real time and can be easily integrated on web. (Clark, 2012)
Apart from that, the IS strategists shall keep in mind that the competition levels in e-commerce and internet have reached new unidentifiable levels. Therefore, they shall train, develop and orient the…… [Read More]
In the past few years, Myanmar has been one of the world's fastest-growing economies. This success has been the result of a new government under Aung San Suu Kyi, which has resulted in democratic reforms and a shift towards a more capitalist economy. Annual GDP growth rates in the past few years have been around 7%, which puts Myanmar in the top ten for GDP growth, but the country is still very poor, with a GDP per capita of $6300, ranked 163rd in the world. While several neighboring countries are global leaders in textiles, the industry is relatively nascent in Myanmar. Yet, clothing ranks as the #6 export earner for the country (CIA World Factbook, 2018). This paper will examine the current state of the clothing industry in Myanmar, and what this means for fashion merchandising.
The Economic Situation
When Myanmar was under military rule, even in Yangon, the…… [Read More]
VCI/Ellison Case Questions and Analysis
Global sourcing, simply put, is engaging in the procurement of goods and/or services without allowing geopolitical boundaries to limit such procurement (though there are of course effects of these boundaries on the advisability of certain trade relationships). Different levels of global sourcing exist, from using international suppliers when convenient to developing procurement strategies that take full advantage of global systems.
There are not major cultural differences noted between VCI and Ellison that will adversely affect this merger, however there are some notable differences that need consideration. Teamwork and supplier loyalty are more engrained in Ellison, and VCI will need to incorporate better teamwork while Ellison becomes more aggressive.
Global sourcing has the potential to create much greater cost effectiveness and efficiency for VCI/Ellison, and this is the primary reason for pursuing this strategy. The global sourcing plan is fairly straightforward,…… [Read More]
The article further says that "Japan's grip on the industry has weakened and it is time that the world redesigns the whole supply chain. The article ends with the note that things could go on in a moderate scale for a while and then by the first half of 2012, Japan may come back to the state of overcapacity." (Mutschler, 2002)
In analyzing this article and the impact of a disaster on global management especially supply chain management, while it can be appreciated that there would be some delay and hitches in the recovery of Japan, one cannot go with the prediction of an impending doom in the electronics industry on account of supply closure in the near future. It can be seen that the alternate sources are active and may make use of this scarcity to their advantage. Most multinationals also will not suffer because they have alternate…… [Read More]
This project was different from what I expected. I did not see the flow chart, budget and other technical elements. You should indicate these items in your description to ensure that you get someone who is able to or has an interest in doing these. I tried to give you sufficient information so you could create a flow chart or a budget. I am not an expert on these topics and thus just try to do the writing for you. YOU SHOULD DELETE THE ED TEXT AND YOU WILL HAVE FIVE DOUBLE-SPACED PAGES. This site informs you that you pay for double-spaced pages so that is what I produced, plus the instructions say single or double. I added the last page for your cover sheet and I used three references as requested.
The advance work on this project suggests that it may be reasonable for the Trojan to…… [Read More]
Whole Foods Market
Significant key points
Key financial indicators
Graph of sales growth from year 2002 until 2011.
SWOT and TWOS analysis
TOWS Strategic Alternatives Matrix
Pros and Cons
Evaluation and control
The Whole Foods Market is a progressive and focused corporation with presence in three developed markets including U.S., United Kingdom, and Canada. The company has achieved growth since its inception. The increasing market share of the company has enabled it to expand in international markets. The company envisions becoming global leader in organic and natural foods market. The competitors in the sector are large stores, supermarkets, and retail outlets with increased presence. The product range of these companies includes a number of related products along with the natural and organic foods.
The company requires maintaining its double digit growth strategy and aims to expand in global market. However the cost of natural and…… [Read More]
If you were to design a globally focused it application for a multinational corporation, how would you introduce it and would the challenges be for the corporation?
Before beginning the design of a globally focused it application, I would first be sure to understand how its key features, functions, workflows and performance contributed to the users who would use the system daily. After having a thorough review of these key criterion and the development of workflows and benchmarking of existing processes to evaluate total performance, I'd get the initial phase of software development completed. Using agile-based software development methods, I'd continually refine the key functional and workflows areas of the application to ensure it performed as defined.
Next, the application would be tested for real-time data and process integration to the broader it infrastructure of the company. This would concentrate on the integration points across legacy, enterprise-wide and platform systems…… [Read More]
Risks From International Business
What are some risks of international business that may not exist for local business?
There are many risks inherent in competing on a global or internal level compared to being a local business. As the chapter suggests, there is a much greater level of economic and socio-political pressure on governments to work together for the common good of the global economy. Despite these best intentions, global macroeconomic factors often cause nations to restrict or unnecessarily increase the cost of transactions and trade based on fear over the trading partner's economies. Such is the case for American companies attempting to gain sales within China, whose government holds nearly $1.1 trillion in U.S.-based debt. China and the United States are two of the more powerful economic forces in the global economy, and as their economies go, so goes the world. What this means for international businesses is that…… [Read More]
e) Quarterly coupon distribution
elative to this final elements, it has to be noted that it is too part of the strategy of applying customer data to better satisfy the buyers. These coupons reveal the fact that the retailer values the loyalty of the shoppers and rewards it. The levels of customer satisfaction are as such increased and the performances of Tesco are further sustained.
3. ecent developments
Through today, the situation of Tesco has not changed significantly. The company remains strong in both national as well as international markets and is even further consolidating its competitive position. In a context of an internationalized economic crisis in which most economic agents have registered tremendous loses, Tesco has ended fiscal year 2009 with growths in its income (the Tesco Plc.Website, 2010).
The company has increased its product offering and has invested more in its human resource in order to also increase…… [Read More]
Indeed, authority tended to be given to people who did not have the necessary work hours behind them, and this is where the company's lack of centralized management created a problem.
The loose management structure of the company then played a central role in its lack of accountability and sound decision making, and the company lost $3.51 billion, with a record low in stock prices and looming bankruptcy as a reward for this.
Although the initial organizational structure allowed the company's rapid growth, it was therefore time for change, especially in the areas of discipline and accountability, as well as in the management structure. For this reason, a larger number of managers were employed at the upper level of the company, and a sense of responsibility were included with fun as one of the company's core values.
3) the financial situation of AE made it obvious that restructuring was necessary.…… [Read More]
Third Way Supply Chain Strategy
VF Supply Chain Strategy
This paper examines VF rands global supply chain strategy as it transitioned to its "Third Way" sourcing strategy. Until 2009, VF's sourcing had followed the more traditional model that was typical of the industry. As with many other apparel companies, VF's supply chain strategy was focused on chasing low cost labor from one country to the next. The industry had evolved to the point that apparel was produced just about "everywhere on Earth," and they, like many of their competitors, had run out of new "low cost" places to source production. This situation led to the conclusion by Chris Fraser, the president of Supply Chain International for VF rands, that it was time that start finding cost savings by managing their supply chain more efficiently.
Rockford Consulting Group (2009) defines a supply chain as a stream of processes of moving goods…… [Read More]
This study analyzes outsourcing trends in the next decade. The study assesses this by focusing on the past and current trends, problems and issues in outsourcing via semi-structured interviews. Major trends and processes will be revealed and assessed for their relevancy, depth and breadth.
Companies belonging to most industries are very much considered to be the units that are vertically integrated, or so-called usual industrial firms (Stigler, 1951), where activities in all links in value chain have been internally conducted. For example, gasoline of its own is delivered by 7-Eleven and it is also used to make ice and candy, also it had cows for producing milk which it previously used to sell (Gottfredson et al., 2005). At present, it is not delivering gasoline and ice or candy is not being made by it neither does it posses any cows. Contrarily, IBM used to make the computers containing their…… [Read More]
Research conducted to date for example suggests that, for consortia-based procurement exchanges and Sector Procurement Collaboratives the bargaining power of representing multiple groups of buyers and their collective purchasing power provides economies of scale and leverage in bargaining with suppliers (Devine, Dugan, Semaca, Speicher, 2001). The motivations of purchasing consortia are primarily focused upon gaining expected cost savings and collect information on supply markets (Tella, Virolainen, 2005). Although perfectly in line with accepted marketing views and strategies, there is a gap in this research, which does not take into account the long-term effects of inter-process maturity and transaction velocity over time.
According to Johnston et al. (2003, p. 23), the recognition of trust as an important part of the buyer-supplier relationship does not preclude fact of paucity of empirical evidence to suggest the level of such importance. Trust and its dependent behaviors, as well as its impact on inter-organizational activities,…… [Read More]
Countertrading then is gaining in sophistication throughout developing nations' economies and becoming the foundation for procurement needs. The disadvantages of countertrading include the assigning of liability for the product on resale, interference between the countertrade contract and sales contract, in addition to currency fluctuation risks and pricing risks (Angelidis, Ibrahim, 2001). There are also the risks of non-performance the actual countertrade and the potential for fraud if these transactions are completed from long distances with relatively unknown trading partners.
Angelidis, J., Ibrahim, N (2001) Countertrading between United States and Western European firms: An empirical analysis of the benefits and pitfalls. International Journal of Management, 18(2), 252-259. etrieved February 5, 2008, from ABI/INFOM Global database. (Document ID: 76660806).
Kim, J., Choi, C., Millar, C., Hilton, B., Cheng, P (2006). Global sourcing partnerships and emerging MNC markets: a conceptual framework. International Journal of Services Technology and…… [Read More]
Accounting for Intangible Assets in the Transnational Manufacturing Industry
The international business world has worked to break down barriers that formerly existed to allow businesses to more easily expand their operations to new markets. Much of this trend has been fueled by globalization which has allowed for the increasing connectedness of markets and resources through technological developments in many areas including, but not limited to, information and communications technology, advances in shipping, and a political environment largely accepting of deregulation. However, as companies have acted to expand into new opportunities in foreign markets, many have found that there is a plethora of different challenges that present by the cultural and social factors, among others, that are present in these markets. The main functions of business include operations, marketing, and accounting and there are many aspects of these functions that must be adjusted to effectively carry out international expansions.…… [Read More]
Categories of risk associated with sourcing of IT/IS services
Delays at third parties may lead to a decline in end customer performance levels and timely delivery. As a product/service is outsourced, this risk gets heightened severely. Several factors can cause delays such as factors that are not within the outsourcing company's control. For instance, delays at the port/custom, weather, labor disputes, and political crisis. More severe examples are delays caused by terrorist activities and uncertainties and interruptions from outbreaks of deadly and contagious diseases like SARS or Ebola. As variability and lead-time increase, the need for greater stock levels and all other expensive buffers also increases, whereas generally, supply chain confidence reduces.
Also, the outsourcing alteration phase may not succeed if budgets and schedules are not actualized as a result of lack of resources or adequate planning. It is possible to run an outsourcing using…… [Read More]
The Impact of Outsourcing on Information Technology in the U.S.
The greatest impact of outsourcing has been the decrease in the number of jobs in U.S. And this is only a continuation of the process that had begun earlier with the contracting of jobs by the large companies to small suppliers. Only now the jobs are going overseas and this is hurting the chances of certain categories of Americans from getting jobs. In the case of Information Technology jobs, this is a recent development, and even in 2003, the state of Ohio had forecast the career of IT as certain to succeed sort of a career. According to the Department of Job and Family Services in that state had said that the number of computer support specialists would grow by a certain 87% or a total of 1,682 persons a year throughout the next ten years. Following this group…… [Read More]
Nambudiri, R., & Jayasimha, K.R. (2008). Performance management at the national institute of management. Richard Ivey School of Business Foundation, 1-25.
In 2008, Professors Ranjeet Nambudiri and K.R. Jayasimha, a pair of researchers working with the Richard Ivey School of Business Foundation, conducted a case study of the existing performance management systems in place at the National Institute of Management - Central India campus (NIM CI campus), one of India's most prestigious business schools. Their goal was to critically examine the performance management strategies engineered and implemented by the director of the NIM CI campus, ascertaining their various advantages and liabilities, while also comparing the current plan to an alternative proposed by the school board of director's management committee. The resulting case study, entitled Performance Management at the National Institute of Management (Central India Campus) (), explored the complex issue of performance management from the varying perspectives of the different…… [Read More]
herefore, the standpoint of social embeddedness is a tool that offers to provide a clear picture if one wants to comprehend the contribution of the relational factors in the success of outsourced IS projects (Rai, Maruping and Venkatesh, 2009).
If one is to increase his/her comprehension and develop an insight about how to monitor and control outsourced IS projects, Johns' (2006 as cited in Rai, Maruping and Venkatesh, 2009) suggestions come in useful. He recommended that the theory be contextualized by assessing the effect of characteristics of social framework in the setting of outsourced IS projects. It should be assessed how the adopted cultural features of the project affect its success and performance.
Later, the social embeddedness standpoint needs to be contextualized to the setting of the outsourcing of IS projects and a cultural variation framework should be applied to assess mutual principles and standards for those projects that are…… [Read More]
Merger, Acquisition, And International Strategies
Ford Corporation: The Volvo takeover
It's imperative for the automotive companies to attain benefits of scale whilst developing latest products which is costing exceedingly high in the present business environment. Compared to the 90's the chances of attaining benefits of scale while saving costs has altered quite a bit. Model volumes have declined which creates difficulties for companies to attain economies of scale, while saving costs. Hence, as a last resort, companies merge with each other, acquire and form alliances with each other to save rising costs while developing new technology and products (Lundback, 2002).
Ford Motor Company
The Ford Motor Company is the second leading profitable automaker in the world. Ford has recently acquired the Swedish-based Volvo for $6.45 billion. Fords profits last year were a bit more than that with $6.57 billion. It's yet another quick acquisition among many others. Ford at present…… [Read More]
The first flow of influence is disarming, the process of omitting any signs of power or control on the part of the seller. Second is liking, or how rapport is established and relationships are trigger with strangers. Third is distinctiveness, which refers to the degree that the seller's approach differs from others to which the buyer has been exposed.
Williams (1998) suggests that firms who want to move from traditional transaction oriented selling to relationship building must look closely at all aspects of sales management including recruitment, training, remuneration and sales planning. Conti and Cron (1998) state that the field sales force must be particularly involved in targeting individual customers, implementing relationship-specific offerings, and evaluating relationship outcomes for relationship selling to be effective. To accomplish those objectives, they suggest a planning framework that includes criteria that are conducive to collaborative relationships. The key criteria include; 1) the customer's business philosophy…… [Read More]
isks of Using Computer-Based Procurement
Every complex project requiring the collaborative effort of an organization involves the use of materials, goods, and services that are integrated within the overall project design. The procurement process used to obtain these vital resources is central to the successful accomplishment of project objectives, because every aspect of the management process, from sourcing supplies to shipping products to customers is contingent on procuring the most productive third-party partnerships. The vendor selection process is used to aid project managers in the effective procurement of essential items and services, with a rigorous screening methodology used to identify the most competent and qualified shipping companies, manufacturers, distributors, and equipment suppliers. Another way project managers have refined the procurement process is through the implementation of computer-based tools, with advances in technology enabling researchers to identify a project's critical path through a complex series of algorithms, software programs, and other…… [Read More]
China's Economy And Foreign Policy
There have been radical changes in the internal political and economic scenario of China during the last two decades. (Lampton, 2001) The growing economic stability and control has increased the status of china to a great extent among its trading counterparts. Further, it has become obligatory on the part of the Chinese Government to make it certain that the economic development to restructure the political discipline whose ideology had a severe jolt with the fall of Soviet Union. (Part Two - Chinese Foreign Policy) Ever since the inception of economic reforms in China during 1978 there is a considerable enhancement in the Gross Domestic Product to the tune of 9.5% per annum on average. It is pertinent to probe on the factors responsible for such a great success. The success is attributed to the adoption of institutions and policies by the Chinese Government that could…… [Read More]
In fact many identify as European as opposed to Latin American. In addition, although Spanish is spoken in Argentina and it is the official language of the country, it is also a quite different type of Spanish than the Spanish spoken in other Latin American countries ("Argentina cultural guide").
In addition to the aforementioned differences, there are also differences associated with Business Etiquette. In Argentina the culture is driven by relationships and as such when people are conducting businesses they tend to be more comfortable conducting business with people that they know and they are already familiar with. However, in London it will often be the case that the person that business is conducted with is not someone that is familiar to the individual. Because this is the case it will be important to prepare the Argentineans who will work in London by educating them concerning the norms of business…… [Read More]
Introduction number of companies today are experiencing financial setbacks and bankruptcies.
It is important to examine al-Mart and understand how the company is functioning in the economy today.
al-Mart standardizes its global marketing strategies with methods such as global sourcing. This global marketing strategy is aimed at improving a product's quality, lowering its price or gaining efficiency.
al-Mart has become a global firm as it has learned to incorporate proven marketing strategies of the countries it has expanded to. The company has done well in Canada, Mexico, Puerto Rico and the United Kingdom, which could be attributed to the fact that consumers in these markets are looking for more for their money, and have lower incomes.
al-Mart will do well in the Russian market, however it needs to be aware of the depressed economy the country is experiencing. al-Mart may do well in Japan, however, it should remember…… [Read More]
Total Management Quality
Question 1 Company Mission Statements
According to these organization's website's the mission statement of the Marriott-Ritz Carlton Corporation is simply that the consumer or the investor "Look no further," for quality. McDonald's website, although it provides an additional page detailing the wealth of values upheld by the corporation ultimately simply proclaims, "I'm Loving it" as its mission statement. GE, in contrast, has a far more extensive mission statement, proclaiming that: "From jet engines to power generation, financial services to plastics, and medical imaging to news and information, GE people worldwide are dedicated to turning imaginative ideas into leading products and services that help solve some of the world's toughest problems." The UPS website provides even more detail, noting little-known facts how the company was "founded in 1907 as a messenger company in the United States, UPS has grown into a $30 billion corporation by clearly focusing…… [Read More]
Human esource Management Policies of Wal-Mart
Employment Law Wal-Mart
Human esource Management Policies of Wal-Mart
Wal-Mart is a large scale multinational retailer that employs more than 2.2 million employees in 27 countries. The management of this large workforce requires it to implement effective human resource management and employment relations policies at its workplace. Wal-Mart believes in effective recruitment and selection process in order to fill the vacant job positions with the most talented and skillful employees. It uses one way and two way virtual interviewing techniques in order to minimize its heavy recruitment and administrative costs. Wal-Mart generally fills its vacant job positions from the industry through fresh graduate induction and experienced professionals. It trains them through different methods in order to make them learn the most advanced knowledge related to their job responsibilities.
The Wal-Mart workforce consists of individuals from different cultures, nationalities, and races. In order…… [Read More]
These two factors of aspirational value of the brand and customer experience are what also make this factor a very critical opne in the augmented analytical framework.
The growth of coffee retailing continues to be flat, only generating 5% growth on a compound annual basis (Joo, Min, Kwon, Kwon, 490). This is forcing coffee retailers to concentrate on highly differentiated approaches to selling. For Dunkin' Donuts their approach is to branch out into retail channels with their coffee being available in grocery stores. Other competitive strategies include creating satellite locations and smaller airport kiosks, a strategy Caribou Coffee has tried in the northwest U.S..
The rapid pace of disruptive innovation in coffee retailing is increasing, as Starbucks is now challenged by McDonald's entering the high end of the coffee retailing market with their McCafe brand of customized coffee beverages. There is also a shakeout of smaller…… [Read More]
Edmonton, Alberta T5X-1G1
To Whom it May Concern:
I am a recently graduated charter accountant. I am writing in response to your advertisement after reading your job description, I am confident that my skills and my passion for technology are a perfect match for this position.
I would bring to your company a broad range of skills, including:
Progressive continuing educational track as a chartered accountant
Effective team member who works well both individually and in a group
Enthusiastic, intrinsically motivated individual with superior interpersonal, communication and organizational skills
Ability to adapt to a busy team environment
I would welcome the opportunity to further discuss this position with you. If you have questions or would like to schedule an interview, please contact me by phone at or by e-mail. I have enclosed my resume for your review and I look forward to hearing from you. Thank…… [Read More]
IKEA’s core founding value was based on the concept of making life better for people by giving them access to affordable products (Bartlett, Dessain & Sjoman, 2006). The problem that arose for IKEA in the 1990s, several decades after IKEA’s founding, was the issue of child labor and whether or not IKEA should continue to source rugs from a supplier that had been reported as using child labor in its manufacturing of rugs. From a social issues standpoint in the Western perspective, IKEA had to break ties with the supplier; however, in countries like India, unbonded child labor was not viewed as heinously as it was in the West: on the contrary, it was socially acceptable because children worked under the guidance of their parents and learned their trade in this manner. To break ties with a supplier that was simply engaging in a traditional custom of its…… [Read More]
These three strengths of their content methodology, depth of expertise in the Asian manufacturing sector, and commitment to being a leader in electronic enablement and IT form a defensible competitive position. As a result, the company is well positioned to attract investors.
In supporting the contention that Global Sources is well positioned to attract investors based on the three unique strengths of a scalable content collection and management methodology, expertise with the Asian manufacturing community and that communities' unique needs and requirements, and an emerging strength in electronic enablement and IT, the following points need to be kept in mind. When these three factors are combined, the potential exists for Global Sources to move beyond just being a provider of content management services to leads for Asian manufacturers on the one hand, and sourcing, procurement and buy-side contacts for companies globally on the other. Taking into account the aggregation of…… [Read More]
For many companies, how they should survive in a changing market is very important to them and often results in many difficult decisions being made. These decisions can include whether to lay off employees, outsourcing some work to other countries, pay and benefit cuts, and many other concerns. Since this is the case, companies such as Global Communications have very serious issues that must be resolved in the best interest of the future of the company while still ensuring that the employees and others that have some stake in the company are treated fairly and in the best way possible. In order to understand some of the problems that Global Communications is facing, it is important to understand the issues of globalization and outsourcing, which is the act of sending work to other countries because of less expensive labor costs in those countries. There will be three main…… [Read More]
Whirl Pool Supply Chain Management
Supply Chain Management
Critical appraisal of Whirlpool's Supply Chain Management
Products and Services
Critical review of Operations
Contribution to business performance
Changes in Internal Forecasting Process
usiness Performance Results
Criteria for trade Partner Fit
Critical Evaluation of System
Customer Centric-Supply Chain Management System
Collaborative Supply Chain
Current System Changes
Planning and sourcing decisions
Drawbacks of Whirlpool delivery system
Factors for taking supply chain management decision
Figure: Supply Chain Performance factors
Reduced Cost and Inventory
Future trends in home appliances supply chain management
RFIDs to Individual Products
Vendor Managed Inventories
Challenges for home appliances businesses in managing supply chain
Multiple Channels Conflicts
Short life Cycles
Whirlpool is renowned as a global electronic appliances manufacturer and marketer. The company's products and…… [Read More]
A fourth foundational element is the strength of the Starbucks brand itself and is ubiquity globally. As a result of rapid and well-defined strategies for opening up retail stores, Starbucks is now considered one of the most preeminent and strongest brands globally.
Starbucks has generated the strength of their brand through combining high-quality coffee and tea beverages with the third-place concept to generate customer loyalty and world-of-mouth among customers and their friends. It is common to hear students mention they will have a team meeting at the local Starbucks, for studying or completing projects.
In summary the Starbucks model is strengthened by the company's coffee expertise, impressive new product development record, and the development of Starbucks locations as "third places" where friends can meet and enjoy coffee and pastries. Underscoring all these points is the strength of the Starbucks brand.
What were the key issues and the decision by Starbucks…… [Read More]
This strategy of investing face-time has continued to scale extremely well in the U.S., yet has faced many challenges in other nations that value data, hard numbers and strong methodologies to validate the claims of products. One nations' buyers of cosmetics in particular, the Japanese, are more focused on the specifics of the how a product is produced and want to know in great detail what the ingredients are in specific measures. The level of data analysis presented by cosmetics providers in Japan is often taken as a measure of the elegancy and exclusivity of a given cosmetic product over another (Grammenou, 2009). Due to these wide variations in how cosmetics are sold, Avon continues to excel in westernized cultures with the U.S. being their flagship market. In Asian cultures were the depth and sophistication of data is an indicator of exclusory and elegance, Avon continues to struggle in other…… [Read More]
VON Calls on Foreign Markets
von believed that having regionalized new product development centers, supply chain operations, marketing and sales divisions would make them more competitive in foreign markets. Ironically the exact opposite happened, as the case illustrates. von's performance was drastically reduced and the duplication of effort crippled the organization. Unfortunately the highly decentralized, market-driven organizational structure that von had such high expectations for failure to deliver the results needed to keep the company growing. The net outcome of the highly decentralized organizational structure was a massive duplication of effort and cost overruns; the organizational structure turned into more of a liability than strategic asset. The goal of this case analysis is to explain and recommend how von can regain profitability while also attaining a higher level of internal new product development, production and selling efficiency. nother objective of this analysis is to evaluate how von can attain a…… [Read More]
Strategic Direction of Apple in the Enterprise
Apple (NASDAQ: AAPL) has emerged as one of the most profitable and prolific companies in the world, generating a market capitalization rate of $623B as of this writing in late August, 2012, delivering $148B in evenues in their latest fiscal year and $40B in Net Income (Apple Investor elations, 2012). One of Apple's greatest strengths is its ability to quickly translate innovative product concepts and designs into state-of-the-art products that deliver exceptional customer experiences. Apple has honed this through decades of disciplined execution and a continual focus on creating a highly synchronized supply chain, highly collaborative product design and development workflows, and the ability to take concepts to completed products in a fraction of the time of their competitors (Murray, Goode, Muro, 2010). Apple is credited with creating the smartphone market, tablet PC, cloud-based music buying and delivery service (iTunes), centralized document and…… [Read More]
The article does not set for itself the objective of tackling cultural differences as a wider concept, but points out to specific challenges of cultural differences.
The second textbook excerpt makes reference to distinctive aspects of free trade agreements, including here protectionism, however, contrary to the article, it does not address the aspect of jobs protectionism or the challenges of outsourcing for different countries.
Question 3: There are several things presented as truisms in the first article, however, there are important points that raise questions as well. One of these aspects is the idea that the author proposes of identifying local citizens to help in better understanding local cultures. If by identifying the author refers to actually hiring them, in some cases this is not possible. In some countries, the local citizens do not have the right business approach and sufficiently training them often takes time and may imply higher…… [Read More]
Globalism is certainly a new concept that humans have been working toward for centuries. It is just that in the late 20th and early 21st technology finally advanced enough to allow for instantaneous communication via satellites and Internet. This, plus technological advances in transportation and scientific measurement, has also helped us realize that although the world is closer politically, economically, and culturally -- it is also tied together environmentally. What happens in one area does have an effect on another area which makes the idea called globalism more of an umbrella concept. The whole picture of globalism tends to refer to the theories that see modern life as a series of very complex webs, almost string theory, that tie together most all of modern life.
Part 1 -- Describe Bata's international business strategy. Would you consider Bata a multinational corporation? The Bata Show Company is clearly a multinational corporation. It…… [Read More]
Shanghai Tang Strategic Case Analysis
Strategic Case Analysis: Shanghai Tang (ST)
Fashion and Clothing Industry Overview
Shanghai Tang (ST)
Global Business Expansion
Analysis of Environmental Factors
Suitability of Shanghai Tang Strategy
The strategic review of Shanghai Tang is conducted in order to explore brand presence, business focus, and other related functional strategies. The business is quite well placed in terms of its growth, revenues, and profitability. The company has also expanded its business line in other business. It is regarded as a flair for growth. However the expansion in unrelated businesses also creates an impact on the focused approach for young businesses. The fashion industry overview provides a significant account of the industry trends and key variable influencing the business. The micro and macro environmental analysis along with the SWOT analysis also provides a significant understanding of the business. The assessment of Shanghai…… [Read More]
This approach is highly congruent with the guidance of marketing experts such as Wheaton (2004) who advises, "There are synergies between different lifestyle sports industries and their media. Corporations make equipment for several lifestyle sports, sometimes under different brand names. Clothing companies like Quiksilver sell to a range of lifestyle sport markets including skating, surfing, windsurfing, snowboarding and have been quick to exploit the potential of emergent and rapidly growing activities like kite-surfing" (2004, p. 10). Because the company also designs and manufactures the core sporting needs for these sporting enthusiasts, it is important to identify defining characteristics of this market. These sports are characterized by a number of features of interest to Quiksilver's and its competitors' marketers with respect to their various core product and accessory lines, including those set forth in Table 2 below.
Defining features of the surf and sports industries
Such…… [Read More]
The current construction of World-Systems analysis holds that core countries, including America, Europe's thriving economies, and developed nations in Africa and Asia, derive enormous economic and political power from "the axial division of labor of a capitalist world-economy (that) divides production into core-like products and peripheral products" (Wallerstein 28). Madagascar's relative abundance of untapped natural resources, in the form of massive "old-growth" tropical rainforests, and deposits of minerals like chromite and titanium ore which are now used in the construction of cellular telephones and laptop computing devices, represent peripheral products that can be exploited for the ongoing manufacture and distribution of the core products driving the engine of globalized commerce.
(America, China, India)
Babones, Salvatore J., and Maria Jose Alvarez-ivadulla. "Standardized Income Inequality Data for Use in Cross-National esearch." Sociological Inquiry 77.1 (2007): 3-22.
Chase-Dunn, Christopher, Yukio Kawano, and Benjamin…… [Read More]
Diversify or Not to Diversify
Wal-Mart Corporation (NYSE: WMT) and K-Mart, who is privately held, both have extensive investments in merger, acquisition, joint venture and global market development programs and initiatives. Both companies have had exceptional success with their diversification strategies domestically and internationally. Yet both have also faced very significant challenges and failures too. The intent of this analysis is to compare and contrast the two businesses, analyze the outcomes of their diversification decisions and results. Three primary reasons for their outcomes will be provided in this analysis for each company, and two recommendations will be made that could have made the unsuccessful diversifications more effective.
K-Mart and Wal-Mart: Two Domestic Giants Struggling Globally
The greatest strength both companies have in common is a proven and highly effective unique value proposition that captures the concerns, needs and pains of the price-conscious shopper. Wal-Mart's Every Day Low Price (EDLP) value…… [Read More]
Apple -- Outsourcing manufacturing operations
Apple Inc. is a very powerful American company that has been outsourcing its manufacturing in a very successful manner and for a very long time as, majority of its manufacturing takes place in China.
It has been since the 1970s that the concept of outsourcing is being used however; it is only in the recent years that it has become very popular as big companies such as Apple have started making use of it. Today more and more companies are opting to outsource a lot of their projects and departments whether on a national level or on an international level. This is being done by the companies in order to improve their efficiencies and reduce their production costs.
There are a lot of advantages associated with outsourcing such as, low production costs, faster delivery, more products in less time, increased cash flow, quick and…… [Read More]
To evaluate weak areas of the current strategy and propose solutions for improvement.
2.0 LITEATUE EVIEW
According to Zou and Cavusgil (1995), the subject of global strategy has attracted a lot of attention in the recent past. Zou and Cavisgil (1995) calim that a major reason behind this has been the increasing progress in the telecommunications and other technological areas that has brought the world closer and transnational existence of organizations
Eastcompeace culture has been building momentum as a congruent culture. Its aspiration to achieve continuous growth in the field of research has ensured the sustainability and viability of its products in the market. Moreover, Eastcompeace ensures highest standards of corporate compliance from the highest C-level management to the employees at lowest level (Teece, Piassano & Shuen, 1997).
The low employee turnover of Eastcompeace is the evidence of Eastcompeace's congruent culture, low employee turnover is very good sign…… [Read More]