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With the advent of multinational corporations, it is difficult for organizations to not actively consider global business expansions. With globalization, the business strategy of the executives has widened to cross over geographical boundaries. While the international business has opened up many new avenues for the organizations, it also brought several challenges and one of them is the culture.
Nobody could have predicted that the Japanese economy would have been devastated in the 1st quarter of 2011 by an earthquake. The earthquake inflicted so much damage that it caused radiation leakage in one of the nuclear energy plants that operated in Japan. Managers must utilize conservatism in their prediction of future business outcomes.
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7 pages (1899 words)
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, Research Proposal
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The analysis of the external and internal environments may be accurate during the time when the daycare facility is still on paper. This is because this may be solidly based on real conditions at the time. However, such conditions may change during the implementation of the plan or when the facility is already in operation.
8 pages (1250 words)
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, Research Proposal
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The author will study the internal environmental factors through SWOTT, a method in which the strengths, weaknesses, opportunities, threats and trends are identified. With all levels of government facing the need to introduce cuts in the budget, allocations for welfare and other services are in the process of being reduced.
Japan also leads in GDP per capita among East Asian economies, with almost US$50,000 in 2000, followed by Singapore at US$30,000.In contrast, Mainland China’s GDP per capita was less than US$900 in 2000 (Lau, 2003, p.4)
It is true that any kind of business or communication in the business world requires strong relationships. In order to succeed, whether personally or professionally relationships are required at all levels. In the business world, relationships should be maintained such that they are beneficial for both the parties concerned.
It is essential to state that collaboration is a form of a strategic alliance between organizations. It involves two or more organizations working together to produce better and more appreciable services that give the public more value than what is produced if an organization acted alone (Imperial, 2004).
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, Research Paper
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Our firm can offer perfect contracting opportunities to the Smithsonian Institute and the Department of Homeland Security. The firm can introduce two lines of business for these two government agencies to develop. The Smithsonian Institute could use more reliable and cheaper suppliers of air conditioners and services.
Also, it has tremendous importance in Singapore. Since people tend to enhance their quality of life with the help of Traditional Chinese Medicines in Singapore, there is huge potential of TCM industry in Singapore. In the pharmaceutical industry, the various segments include synthetic drugs and chemicals, packing and hygiene materials, apparatus and instruments along with prepared and ready to be used medicines.
The methodology employed for the research involved the identification of UK's fastest growing companies in 2010. The research involved the collection of data from CEOs or Financial Directors about the actual structures that were in operation in the period within which their businesses experienced unprecedented growth.
As the paper outlines, globalization has played an instrumental role in the establishment of the prevailing postmodern world. The globalization factor has influenced people’s cultural, social, lifestyles, knowledge etc. However, in this process, the most important outcome of the globalization process is the emergence of multinational business.
E-commerce has brought businesses closer to their customers. One of the areas of e-com that is expanding rapidly is mobile commerce. Mobile commerce is the combination of the Internet and mobile phones which optimizes consumer convenience while making it possible for a wider audience to gain from this development. It depends on the adoption of technology.
Investment in a foreign land by multinational firms has been a major issue of discussion over the past decades. Over the years researchers have tried to identify various crucial aspects of ‘international production’ by developing various models. The main objective of such models or theories was to explain the activities of the organizations that are already operative in multiple nations.
The competitive market is therefore perfectly elastic (Mankiw, 2009). The product is always homogeneous in a competitive market, and producers have no control over price. There is perfect knowledge by all buyers and seller, and perfect mobility in all factors in the competitive market (Jain & Khanna, 2009).
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Kotter has strongly contended that if organizations ignore his eight stage process of affecting major changes, they will not be able to succeed in a competitive global environment. The author has provided helpful tips and guidance through the entire change process outlined by him. It is true that the quality and effectiveness of leadership in any company is more important than the management.
In the decision-making process, it is important to point out the importance of arriving at an ethical decision. Ethical decisions are gauged based on the evaluation of being right or wrong. There are no definite rules for arriving at such a decision but it is important to take note that all the groups pertinent to the decision should be considered.
The terms leadership and management have been used interchangeably and are relatively similar in more ways than one, however, the concepts are not mutually exclusive. For instance, both leaders, as well as managers, are responsible for achieving similar organizational goals – that of steering the organization towards profitable goals
The “filter than publish” idea was to make sure that an editor looked at content before it was published to make sure that the most professional copy was sent out. With the Internet, people are able to publish anything very quickly, regardless of the content.
Through Potential Appraisal, employee qualities that are inherent in an individual like leadership, communication skills, etch are identified so that it can be used to contribute to the organization’s bottom line. Whereas Performance Appraisal is the procedure or method used in evaluating the performance of a certain employee for a given period of what the employee has done or how productive he or she is.
The evaluation is made considering the quantity and quality of the performance along with the timeliness and dedication to the job. In case the performance is below standard, then either certain steps are taken like training and motivation to increase the level of performance or the employee is dismissed if the results are too poor.
Potential appraisal aims at identifying those skills of which the employees might not even be aware. Potential appraisal is future oriented, as it is used to consider the ability of the employee to be promoted. Potential appraisal may be used as a tool to predict the performance of an employee by identifying his strengths and weaknesses beforehand.
Gutenberg invented printing and procedure of it in 1450, and this new invention has been changing the world ever since. (Newton, Ed., 1847) This was the way of printing books and publishing materiel of all kinds, such as newspapers, magazines etc. (Nordfolk, 2010), with some additional changes of course, in the following years and centuries, having been perfected in the long run, until nowadays, but the main procedure keeps being the same, on its base.
The author states that Draper manufacturing does not seem to be facing any racial issue but business challenges. Although there is no doubt that the current workforce working in the company is diverse and belongs to different races, yet the cause of contention between or among them does not represent their personal views over the racial issues.
Amazon and Apple extremely cut down the engineering challenge of the tablet and scored big hits with the Kindle and the iPad. Amazon and Apple have the ability to succeed but they have gone through lot of failure attempts.1 Amazon is glad to announce that sales of kindle books at their website is increasing with pace with all print titles and they also declared that with the sale of eBooks are more than the other books but they don’t includes the sale of free books, it means they are going fast.
The company offered services around the globe, it has been contracted by developed and undeveloped countries. The company is characterized by its billions of projects, it is famous for its construction feats on the Hoover, the Boston Central Artery, and the rebuilding of Kuwait’s oil and gas infrastructure after the invasion by Iraq in 1990.
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Small and Medium-sized Enterprises constitute more than 99% of the enterprises, with almost more than half of the private sector at 58% to employment and turnover at large in the UK (BIS Department for Business and Innovation Skills, pp. 10-15, 2010). SMEs do not have an agreed universal definition.
The paper shows the financial performance of Ford Motor India and Pak Suzuki in the year 2010 and the political, social, legal and ethical issues that both these companies face in their respective operating countries. Comparative Analysis – Ford India and Pak Suzuki Comparative analysis can be performed efficiently by selecting and analyzing the performance of two companies in two different countries.
98). Throughout the recent years, Nestle has been undergoing drastic organizational change. By the 1900s, Nestle began to expand its business into the global market and started purchasing subsidiaries in foreign markets. Later in 1974, Nestle for the first time diversified its products moving outside the food industry and thus became a shareholder in the cosmetic giant L’Oreal (Palmer et al).
According to the paper, the capital market is a crucial platform, where a company issues shares and raises capital and besides, the institutional and individual investors buy those stocks in order to make the higher return on their investments. It has been empirically proved that the return on stock been the higher than any other investments.
Catherine Holahan (2009) quotes three of Charlie Kindel’s ten reasons why Amazon.com is favorable to Internet users: (1) the web site’s good performance, (2) enormous product selection, and (3) subsidized shipping transaction. First, Amazon’s web site is functional, intuitive, and easy to use.
1). This method, if properly utilized, will help organizations determine the weak areas of the company, based on the given feedback of customers. It is a big help to those companies who continue to have difficulties in customer service. Excellent customer services help build a company's competitive edge.
The story of Steppenwolf could be considered one of the typical ‘rags to riches’ true to life experiences and has served and still does, as an encouragement not only to the entertainment and business industries but also to the whole world. Here is just one of the conventional success stories that survived amidst financial troubles.
The idea of this research emerged from the author’s interest and fascination in such economy’s area as production and cost. For many corporations, a major portion of the cost of production is fixed in the short run. The author answers such questions: Should these very large fixed costs be ignored when the executives are making output and pricing decisions? Why?
One of the interesting issues relating to this was the decision of Blue Cross Blue Shield demanding a hospital cut its overhead cost. Without prior knowledge and being subjective, one would think that the insurance company is at fault. However, one cannot make that judgment without understanding the complexity of the issue at hand. Blue Cross Blue Shield was faced with a dilemma.
Its functional area includes transportation and logistics services. Making use of the services provided by UPS, businessmen can enhance the speed and frequency of their shipments and minimize the inconveniences conventionally experienced therein.
The paper tells that the global imperative makes it vital for Finance professionals to build international leadership competencies to enable them to meet their challenges of new trends. The Qatar Leadership Centre's programme will enable to get a good insight and exposure into leadership from highly experienced and qualified experts of international repute.
The concept of cross-cultural communication, as well as business challenges related to it, has been widely discussed in the recent years, as more and more businesses are entering international markets and operate multinationally. Such operations, of course, require a company to deal with a variety of cultures.
Upon analyzing the data given in the case and trends and figures provided by other secondary resources, the author believes that it is a good move for IMAX to venture into Hollywood movie production and distribution on the large file format or 3D projection system. Since IMAX possesses competitive advantages of high barriers to entry.
Business The General Electric (GE) and the Hewlett Packard (HP) A Comparative Study (Name) (Tutor’s Name) (College) Abstract Knowing the strategies of other companies within the same industry would help one to achieve a competitive advantage by counteracting it.
You Tube was acquired by Google in the year 2007. This brand name from Google gave a great advantage for You Tube to flourish in their business and soon the online video portal accomplished to achieve third place in a survey for online brand following Google and Apple as the leaders.
Wal-Mart is listed at the NYSE (New York Stock Exchange) as WMT. It is headed by Mike Duke who is the CEO and President of the company (Annual report 2011, 1). The company’s stock price as of July 6, 2011, was $53.39 per share (finance.yahoo). The stock’s trading range over the last 52 weeks is between $48.16 and 57.90 (finance.yahoo).
Business Administration: Elements of Business Abstract This assignment is related to different business elements in organizations. In this assignment there is a comparison of Mc Donald’s and Burger King, since they are similar businesses and are ranked one after another.
Due to unfavorable business climate, Sally Trent is contemplating on closing her photo/design shop which employs five people. Of the five employed, Gale reports on a part-time basis with a job title sales and photo shop assistant, two are Saturday staff where one had gone off to college and the remaining two are full-time employees.
. The sole aim of developing these techniques was to improve the management of the projects. PERT is referred to as a probabilistic technique whereas CPM can be termed as deterministic technique. Both of these techniques had similar approaches but differed in the manner of estimating activity times.
The author aims at examining the degree of volatility in the average market returns of the petrochemical industry through an estimation of the Security Market Line equation. Furthermore, he attempts to forecast future values that the industry adopts over a span of 6 months between June, 2011 and December, 2011.
Mr. Riley Peterson graduated with a degree in Management. Before becoming a customer service supervisor, he was a customer service agent. Because of dedication and hard work he got promoted to this position. While he was still studying he was able to join seminars on work ethics and professionalism.
The licensee (the one given the license or permission) instantly taps all the existing production, marketing and distribution systems of an existing firm that in turn gets a share of the sales revenue being generated from the license in terms of fees or royalties. Franchising is very similar to licensing except in the degree of control by the licensor.
Ever since the Chinese invented printing books have become a mainstream artifact in our society. Books have played a very important role because they have helped society document their cultures and traditions. Books serve as the foundation for our educational system.
The initial plan was to have 100 suppliers comply with the change but 129 suppliers responded as none wanted to be left behind. Walmart had made it very clear what the EPC (electronic product code) would be, and the class of chips they would expect and it also named the distribution centers that would start accepting the RFID deliveries.
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, Personal Statement
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Personal Statement. Business organizations have evolved through time from assuming simple structures and markets to expanding into global perspectives. The vast growth and fast pace of technological developments, concurrent with significant transformations in the external environment provided the impetus for enterprises to seek competent and qualified people who are equipped with the knowledge, abilities and skills to address the changing demands of the times.