Business Essays

Starting a new business venture in a foreign country needs a careful study of the country and its business environment as well as the legal aspects of the new venture. A special effort is required by the managers to familiarize themselves with the new country situation so that they are able to handle the business risks in an informed manner.

Most of the hotels in China are undergoing the process of management improvement. The new techniques of planning by objectives and improved decision making are being implemented by following the lines of the foreign hotels in order to achieve the competitive edge among the industry participants.

The key areas to be covered include knowing the principles behind luxury goods, how marketing management principles apply to the sale of luxury goods in China and the importance of the target market’s culture. Knowing the economic principles behind luxury goods would bring us into examining their applicability to a specific market like China.  

The author states that mass media like advertising contents and television viewing, socio-environmental variables like family and peer influences, and personal characteristics related to personality traits also influence individual buying behavior. Consumer purchase is preceded by a stream of activities that influence the final purchase decision.

The main objective before the management of Garmin Limited GPS is to expand its commercial ventures from the cities of the USA and waters of the Atlantic Ocean to the highest peaks of Himalayas and K-2 as well as the entire Far East Asia so that the people living in remote areas of the globe could take maximum benefit of the navigation and communication devices introduced by the company.

International HRM practices go further than this. In the first instance, car assembly plants located in foreign countries are expected to comply with existing labor practices. In other words, the existing labor codes might impose an additional burden on the relocating company thus leading to friction between management and the labor force. 

The Top Arabic Restaurant will greatly focus on the provision of Arabic dishes to the surrounding community as well as the visiting tourists. The business will be a partnership whereby Kennedy and Ahmed will be the main partners. The restaurant will focus on being the leading Arabic restaurant in the USA. It will focus on providing quality products and services to the clients.

Is the employment of British nationals too expensive? And has the technology that has commonly surpassed the work that an employee can do become so expensive that it has become easier and financially appropriate to relocate the whole or part of the organization abroad for the benefit of cheaper taxes and employment.

If there is an award for the popularity of the word, two of the strongest contenders will be ‘innovation’ and ‘change’ (Sarkar, 2007). Both the words are found to be having great influence on the success or failure of the organizations in the present business scenario. The word ‘innovate’ came from a Latin word ‘in+novare’ (Sarkar, 2007). 

The author of the essay explains that an ecopreneur is a business person or entity concerned about the whole humanity and the world we live in, and whose primary motive is not only to make profits but to serve the humanity and to ensure that the world’s resources are available for the new generations.

The strategic managers of a global firm can face problems such as raise in minimum wage rate in their host country, inflation, power failures and breakdowns, change government regulations related to corporate taxes and customs duties, increase in discount rate, fluctuations in exchange rates of the host country and other miscellaneous costs.

Before going into the details of analyzing an innovative organization, let’s get a better understanding of what innovation actually is. We can say that innovation is the act of launching a new product into the market. If in a market, a product is introduced which was not available before in the market, that product is said to be an innovative product.

IT and ERP can help MDCM attain its business corporate objectives because it is a very potent tool in a highly competitive environment. It is a great enabler of business strategy to attain long-lasting competitive advantages because other firms might not be able to make the huge investments required for a top-notch business information system

Organizations the world over have plans on how they wish to conduct their businesses in the ever-increasing competitive business environment. These plans need to be overall in their scope as to make sure that all areas and departments involved in production and delivery of goods and services are well catered for.

Many businessmen would attribute  their company’s long-term and sustainable growth to any number of perceived factors, from the desirability of their products to the creativity of their personnel. However, it is only when one resorts to analyzing the hard data – in this case, the financial accounts – that one is able to verify the true strengths and weaknesses of a company (Moyer, McGuigan & Kretlow, 2009).

The strategic planner pays special attention to maintaining relationships with their human resources. The top management considers the fact that satisfied and happy employees are highly committed to their jobs and work hard to satisfy their customers. Tesco trains its workers to believe in the advantage of the green economy or green revolution.

The team will be vertical in terms of control, with most decision-making made at the top levels and move downward through the organization. There will be a need for a senior executive leader, three junior members will full-time employment status in charge of marketing, operations, and finance/procurement.

British Sky Broadcasting Group (BSkyB) is a leading name in the pay television based broadcast service related providers in the United Kingdom and Ireland. They offer programs as well as services through different channels like direct-to-home (DTH), cable operators and also free to air program platform. 

The author states that a change is any alteration in the present state of a system. For physical systems, the change is typically induced from outside the system. Thus, an external force may be applied on a physical object that is in a state of rest which puts it in a state of motion. Social systems can be changed in a similar fashion.

Coca-Cola is the world’s largest nonalcoholic soft drink and it requires no introduction in any of the countries in the world. Invented by Doctor John Pemberton in May 1886, Coca-Cola is currently operating in more than 200 countries with over 50,000 employees and more than 800 productions.

Port management strategies and logistics attempt to offer solutions to how peripheral issues are to be addressed in order to overcome the limitations thereon. At Humber Ports, short sea shipping is utilized in the region for the good connectivity between the ports, which enjoy both centrality and intermediary.

The new HRM must fit the overall strategy of the organization. The human resources have been recognized as the most important stakeholders of the organization. To be effective and to be able to adapt to changes quickly, organizations must have ready information of the capabilities and talents of their current staff – human resources. 

The better internal rate of return is the project would not only be successful but also extremely profitable. While assessing the level of profitability there is a sound concept of marketing and conversion of capital recommended by leading management wizard Philip Kotler. Principles of four P’s are essential.

It is to be noted that the London Stock Exchange has neither approved nor examined the contents of this prospectus. Readers and Investors are advised to give specific attention to the Risk Factors described in this prospectus and should give an overall reading of the prospectus. Each prospective investor should make their own analysis about the Company.

The author is in the unenviable position of having to work under extreme duress of ever-increasing costs and decreasing revenue streams, a greater stress on profitability which comes in complete contrast to the ideals of the institution and most importantly to motive and already unenthusiastic overworked team to produce better and more intelligent results and move towards optimality and synergy.

The author states that out of these two enterprises, Watson’s Engine Components is an old-fashioned and family owned in nature and it has very poor management credentials and there have been no serious efforts to improve the situation keeping the present day market in consideration.

Businessmen resort to the implementation of complex operational schematics and advanced methods of marketing to sustain their existence. However, there are yet businessmen who resort to illegal means to keep their businesses alive. This is the case of the Xerox scandal. Xerox Corporation is an international business entity.  

The general context which is used for businesses is based on the large businesses and the contribution to the economy at a global level. However, there are also specific relationships to the macroeconomy and the link to the development of enterprises. The effects which entrepreneurs have on the macroeconomy create a large impact and shock.

The expansion led to the growth of an international presence. Through this vision, Volcom has outlets and branches in Europe, Japan and other parts of the world. After the evolution of vision of Volcom, the key philosophy of Volcom is summed up as 'youth against establishment'. This statement appropriately presents a strong description.  

The author focuses on purchasing a house which is an economic decision that requires rationality. A decision to purchase the house can, therefore, be analyzed using the principals of economics. Reaching an appropriate decision on whether to purchase a house depends on the implications of the principals of the ten economic principals

Reebok is dedicated to designing items and promoting programs that replicate creativity and innovation and the longing to perpetually dispute the status quo. The brand was founded in 1890. This trademark was chosen because it signifies speed and any athlete would not hesitate to go for a brand that would help him or her attain a gold medal.

The author states that available food means that there is enough food to provide them on a regular basis. Access means that there are enough physical and economic resources to achieve the available food that is good for health. Use of food means that the food available is used properly and everyone has basic knowledge about nutritious food.

According to the study, aAllorganizationss, whether large multinational corporations or small businesses, public or privately owned need to have smooth functioning of systems and procedures in order to achieve their specific goals and objectives. They need to plan, design, implement and execute their required models for management in a proper way. 

Sales forces can be highly effective at communicating and delivering value to business customers and consequently help a company achieve its financial goals. Looking at practical examples, sales forces have been employed globally to improve the position of companies, companies such as Microsoft, Cisco, and General Electric.

According to the paper, the influence of the political factors is deemed quite considerable in the global smartphone industry within the current periphery. Notably, most of the companies operating in this particular sector use outsourcing partners. Any political problem in the region of the outsourced partner is supposed to cause a direct influence on the companies. 

Komninos says it is hard for companies to see when their products have begun to decline. In the maturity stage of the product, marketers are very confident because during this stage products give the best revenues. In truth, though the product is about to reach decline and business leaders do not have to know this is about to occur.

The effective quality management system should involve regular internal and external checks. This allows for detection and improvement of poorly performing areas so that the objectives are accomplished as set out in the policy plan. IKEA is a multinational group of companies specialized in designing and selling furniture.  

According to the following text, marketing which entails the process of promoting and selling products and services through aspects like advertising and market research has, therefore, become very essential in every business organization so as to ensure that it attains a competitive advantage. 

Finally, if I could assemble three individuals to mentor and advise me as I venture into my business idea, I would choose the late Nelson Mandela of South Africa, DR. Ben Curson, and my mother. I admire the late Nelson Mandela for his impact on the history of his people and the choices he made that he is still remembered for today.

The paper discusses the future of fashion clothing industry in the context of survival and growth prospects for small and medium businesses in this industry. Clothing is a rapidly growing business in UK where people spend around 20 billion pounds each year on the purchase of clothes, contributing greatly to the UK’s economy.

To the company, the results of the study will provide critical information on how to enhance their business in the boutique hotels market niche and enhance relationship-building marketing strategies through internal training. The present macro environmental changes in the global marketplace make it necessary for them to customize these strategies.  

This paper illustrates that the online retailing is subjected to certain limitations when compared to traditional modes of retailing process. When compared to traditional retailing, online retailing is less costly. The geographical distances cannot be considered in online shopping. The customers for online retailers are not centered to a specific location.

Besides we also have lots of international stakeholders and insufficient deliberation or unawareness of the interests of international stakeholders as a rule outcome in financial loss of or still a breakdown of businesses. As a result, public affairs management turns out to be a serious accomplishment concern in the international business. 

The vision statement of Real Chocolate is to become the premier chocolatier in the US. Its mission is to become the leader in retail sales by providing chocolate candy with the best taste, freshness, fun, and excitement. The company wishes to achieve this through a process of expanding its business through the franchise model. 

The new 4MATIC all-wheel-drive system presented the essential concept, with the engine installed longitudinally and the transmission and transfer case planned as a single unit which creates a compact and lightweight assembly that reduces frictional losses, and indicating a number of additional advantages compared to other systems. 

The author states that the buying process depends to a large extent on the individual attributes and may not always be connected to the offers available, on the technology or on the prices. Accordingly, there could be recreational shoppers, the price-sensitive shoppers or the on-off shoppers.

This research has tried to study the extent to which ERP systems have helped companies in achieving that, focusing attention on the integration of work. Unlike the recent past when lower efficiencies could be ignored as long as the plant produces income, today you need to be efficient at all levels of the corporation to keep or gain a competitive edge. 

Company set up its manufacturing facilities in more than 14 countries and 4 continents whereas it marketed its products to almost 170 countries. Such large and diversified operations, therefore, required the company to manage and maintain its operations management in a manner which can allow it to become more flexible.  

According to the text, the policies related to relaxation of international trade and easy flow of capitals, the quick and astonishing advancements in technology, establishment, and growth of capital markets and trade beyond the borders have ensued in an enormous burst of merger and acquisition (M&A) practices within the international firms in developed countries.

Chinese buyers also consider Western brands to be iconic in terms of their ability to create perceptions of democracy because of their point of origin. Theorists offer that “Western brands are shaped by macrolevel, sociohistorical forces to motivate consumers’ responses to them as political action tied to nation making”.