...becoming one. Numerous benefits and opportunities emerge due to globalization and the same factor of change poses certain threats or limitations. Different authors have taken the stage to argue and comment on the aspect of globalization and mostly based on the fact that it has eroded the national cultures which existed before turning the world into one and common culture. The essay analyses and reviews two articles by Kincaidl, (1988) and Pagel, (2012) based on globalization and cultural changes. The two articles have similar claims based on the fact that they revolve on aspects concerning globalization. Kincaidl, (1988), the author of the first article remarks that the tourists who understand about the exchange currency rates feel more free when they visit Antigua since they think the charges on services rendered will be based on local currency thus being cheap only to find that those rendering these services such as transport services charge in foreign currency, specifically U.S currency. This implies that foreign currency is greatly used in the region due to effect of globalization and different cultures are being merged to one. Pagel, (2012) on the hand indicates that culture traits in modern society have changed and unlike in the oldies whereby people existed in small groups, nowadays, these small groups have come together to form one group. Nowadays as Pagel, (2012) implies, a leader controls a larger group of people unlike in the past whereby this was not evident due...
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...mail sorting and distribution in Australia and overseas, messenger services, and mailbox rentals and post office facilities. 7. Turnaround point of the company: Future ready business transformation program because Australia Post has the lowest profit in 20 years and held only 1% of the market share on written communication. The remaining was carried on email, texts or social networks. 8. Industry is at decline stage. They had the lowest profit in 20 years in 2010. Revenues and profits had fallen as consumers migrated away from traditional mail and retail services to digital communication services. They had less than one percent of the market share. Its letters business will lose $100 million and it would only get worse. 9. Value Chain Analysis: Inbound Activities: Mails from customers who visit the retail outlets and mail box, parcels, courriers...
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...The SWOT analysis of Big Bazaar discusses the strength, weaknesses, opportunities and threats for one of the major retailers of India – Big bazaar. Strengths: * High brand equity enjoyed by Big Bazaar * State of the art infrastructure * A vast variety of stuff available under one roof * Everyday low prices, which attract customers * Maximum percent of footfalls converted in sales * Huge INVESTMENT capacity * Biggest value retail chain in India * It offers a family shopping experience, where entire family can visit together. * Available facilities such as online booking and delivery of goods Weakness: * Unable to meet store opening targets on time * Falling revenue per sq ft * General perception: ‘Low price = Low quality’ * Overcrowded during offers * Long lines at billing counters which are time consuming * Limited only to value offering low price products. A no of branded products are still missing from Big Bazaar’s line of products. E.g. Jockey, Van heusen, Opportunity: * A lot of scope in Indian organized retail as it stands at approximately 4%. * Increasing mall culture in India. * More people these days prefer to visit big stores where they can find large variety under one roof Threats: * Competition from other value retail chains such as Shoprite, Reliance (Fresh and trends), Hypercity and D mart. * Unorganized retail also appears to be a threat to Big Bazaar’s business. A large population...
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...a visual analysis to compare and contrast Andy Warhol’s ‘Blue Marilyn’ with Roy Lichtenstein’s ‘In the Car’ in association to the postmodernist theme of Consumer Culture and more explicitly, the introduction of Pop Art, born from post-war consumerist societies. The argument refers to eight scholarly research sources, three of which are scholarly journal articles. POSTMODERNITY AND CONSUMERISM: WIT, INVENTION AND THE AFTERMATH OF WAR Research Statement: Using a visual analysis, compare and contrast Andy Warhol’s Blue Marilyn with Roy Lichtenstein’s In the Car in association to the postmodernist theme of Consumer culture and more explicitly the introduction of Pop Art; born through post-war materialisation. The Postmodernist Cannon of the latter twentieth and twenty-first Century Art is a crucial anthology, signifying radical and innovative movements that differentiated from Modernist art practices. It signifies a period of time whereby practitioners sought to contradict the rebellious experimentational aspects of Modernist art through re-visioning and revitalising media to fit the metamorphosing culture. Incorporated within the Cannon were several movements that were heavily influenced by the rise of Consumer cultures, dictated by the post-war explosion of advertisement in the 1950’s, compelling practitioners to manipulate and transform their style in either awe of the perpetually adapting society or in rebellion towards the mass produced Consumer culture that had been...
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...and mail it back, the customer would receive another from their rental queue. The customer pays their money and they end up saving a lot on rental fees because they are promised new movies within a day of the delivery of the movie that they returned in a pre-paid envelope. One of the reasons that Netflix has been able to maintain their competitive advantage is the due to many people have already chosen Netflix as their online movie rental choice and it would be very hard for a new comer to take Netflix's business. It would also be very hard to offer the same choices at the same price, and a lower price. Another reason that Netflix can sustain its competitive advantage is due to the theory of first-mover advantage. 2.) Perform a SWOT analysis for Netflix. What are its biggest threats? Which opportunities should it pursue? Weaknesses * Reduced demand for high price subscriptions * Reliance upon business partnerships may increase acquisitions and licensing costs * Loss of key partnerships limited streaming content * Lack of updating movie content * Reliance on studio agreement to secure content Weaknesses * Reduced demand for high price subscriptions * Reliance upon business partnerships may increase acquisitions and licensing costs * Loss of key partnerships limited streaming content * Lack of updating movie content * Reliance on studio agreement to secure content Strengths * Effectiveness of marketing programs * Flexibility...
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...Sealed Air Corporation Marketing Management, 45-720, Section A, Group 2 Arnab Basu Malcolm Johnson Douglas Meislahn Nicholas Reid Robert Schmidt 02/17/05 Marketing Management, 45-720, Section A Sealed Air Corporation A. Basu, M. Johnson, D. Meislahn, N. Reid, R. Schmidt Executive Summary By 1980, Sealed Air Corporation had built its company culture as a market leader. As the first developer of closed-cell, lightweight cushioning materials, foam-in-place packaging systems and complete solar heating systems for swimming pools, Sealed Air had become very profitable as the market leader, and the firm encouraged technological innovation to maintain that positioning. AirCap cushioning, a coated bubble wrap product sold in the protective packaging market, was Sealed Air’s most profitable product. However, due to new and unexpected competition, the company was forced to consider the prospect of manufacturing and distributing an uncoated bubble packaging product as well. In order to maintain its current level of profitability, Sealed Air must begin production of uncoated bubble wrap in the European market because of its large size and potentially high profit margins. These two enticements do not exist in the US uncoated bubble wrap market; therefore, Sealed Air should forego entering the US market with an uncoated bubble wrap product. Problem Statement With $25.35M in 1980 sales, Sealed Air’s AirCap product line revenue represented approximately 38% of total sales generated...
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...2010 Transmittal Message December 08, 2010 Mr. Anup Chowdhury Assistant Professor, BRAC Business School BRAC University Subject: Submission of Internship Report Dear Sir, With great pleasure I am submitting my Internship report on Trend Analysis of Generic Shifting in the Bangladesh Pharmaceutical Market (2006-2010). I got the opportunity to work at country’s leading pharmaceutical company, world reputed Square Pharmaceuticals Limited (SPL) and was placed under one of the most important departments in the company Product Management Department (PMD). I have found the experience to be quite interesting and under the guidance of my supervisors and with the help of all the members of the department I have tried my level best to prepare an effective report on the above mentioned topic. The report contains the trend analysis of generic shifting, the reasons behind it and future potentiality of certain generic shifting events and SPL’s planning in the present scenario. Here I have gathered data and information through actual interviews of product managers and secondary data from IMS software and Research department of the organization (MRPC). I honestly hope that my analysis will help to give the idea how generic shifting event occur in the pharmaceutical market in Bangladesh and performance of different brands of different generics in the market. I hope you will find this report worth all the labor I have...
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...functions. My internship program instigated from 26, September, 2010 to 25, December, 2010 and during this period, I was assigned to do the project work on the topic Generic Shifting Analysis by my onsite supervisor. I was under the direct supervision of Mr. Dipak Kumar Saha, Senior Manager, PMD, Square Pharmaceuticals Limited and Mr. Anup Chowdhury, Assistant Professor, BRAC Business School, BRAC University for my internship program. Though the topic for my project work was assigned by my onsite supervisor but it was duly approve by my academic supervisor. The project is to investigate the trend toward which doctors‟ preference for any genric under any therapeutic class is shifting to another one. The report will definitely increase the knowledge of the department about the changing trend and preference of doctors regarding any generic which might help the department to plan their marketing effort considering these facts to make the plans more effective. 1.2OBJECTIVE The broad objective of this report is to explore the trend of generic shifting over a particular time period (2006-June, 2010). The main focus is to analyze the shifting in preference of molecule by the whole pharmaceutical industry in Bangladesh and SPL‟s progress to cope up with the changing trend. TREND ANALYSIS OF GENERIC SHIFTING IN THE BANGLADESH PHARMACEUTICAL MARKET (2006-2010) Page 1...
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...insufficient appeal to adults and missing Chinese elements. It was important to know beforehand some aspect of Chinese normal life. Such as the enormous attention parents focused on their children education and that school kids were busy almost year round. This is the reason why shifting the focus from entertainment to “edutaiment” resulted a huge asset to the competing Ocean Park. Another important aspect to consider was the fact that Hong Kong’s people were infamous for their impatience, they often look for entertainment options that were convenient, comfortable, fast and inexpensive. Because of this they were reluctant to lining up for everything, complaining it was too crowded. Secondly, the population was not familiar with the Disney culture. As they had a strong cultural identity of its own, the general population was receptive to foreign and new things. An also there were not many attractions to late teenagers and adults. Despite of the feng shui master consultation in order to achieve a harmonious environment, Hong Kong Disneyland had to face with several environmental issues. In my opinion this complaints were due to the fact this was a foreign company investing in a completely different culture. This is why every single aspect should be carried on with more attention than usual. As for instance, food conditions and employees as well. Another feature Hong Kong Disneyland failed on was selling...
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...Mark Ramos Bus 138 Questions for Analysis: 1. Define future and options contracts and provide an example of settling accounts of two customers that have taken opposing sides in these contracts. A futures contract is a standardized contract between two parties to buy or sell a specified asset of standardized quantity and quality for a price agreed upon today with delivery and payment occurring at a specified future date, the delivery date. Option contract is a contract that allows the holder to buy or sell an underlying security at a given price, known as the strike price. For example, a trader believes that the price of a stock will rise from its current price of $40 to a level nearing $100. Rather than purchasing the stock itself, she can purchase a call option for a fraction of the price at a strike anywhere between $40 and $100. If the stock does indeed rise to $100, and assuming the call option was bought at a strike of $75, the holder stands to gain $25 per share on the contract, minus any premiums paid for the option itself. 2. Did Mr. Leeson fit well in the Singaporean business culture? Using his example or other examples, comment in general regarding the problems that are faced by "Ex Pat's" and their employers. (Ex Pats are workers that are sent from the home office to work in the foreign branch of a multinational). I believe Mr. Leeson did not fit well in the Singaporean business culture. Asian cultures are punctual, formal, polite, and structured when it...
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...Running head: HISTORICAL FORCES THAT HAVE INFLUENCED MANAGEMENT PRACTICE MANAGEMENT AND ORGANIZATIONAL ANALYSIS Discuss the historical forces that have influence the historical development of Management Practice over time. (Hint: identify the force and show the influence: max 2 pages) As organizations develop over time, people experiment with different management theories to find out which one is the best. Four main forces have influenced the development of management practice over time. These forces include: Political forces Social forces Economic forces Technological forces Social forces refer to those aspects of a culture that guide and influence relationships among people. Some of the social issues that management seeks to deal with include: What people value What people need The standards of behavior among people Social forces are extremely powerful because they shape social contracts, unwritten and common rules and perceptions that influence relationships between employees and management. One of the most common social force influencing management today is the changing values, attitudes and needs of generation x and generation y employees, who are young, educated and technologically savvy. Many workers change jobs every few years because career life cycles are getting shorter. Management has to accommodate the growing focus on work/life balance through...
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...speed and quality of decision-making. Knowledge will enable companies to compete for customers. Knowledge about customers, their preferences and their behavior is the overwhelming focus for improving the quality of information in large organizations over the next three years. CRM is the area where most IT innovation will take place, with the focus shifting from automation of basic customer processes to more sophisticated analysis of customer behavior. Companies like Tesco and Wanadoo have demonstrated how customer analytics can support initiatives to increase customer loyalty and expand markets share, much to the chagrin of their competitors. Technology can help unlock knowledge, but corporate culture is more important. Understanding who knows what, and how people use different types of information as part of their work, is just as important a part of good knowledge management as having the latest business intelligence technology. Indeed, one reason why knowledge-management solutions have disappointed in the past is that firms have invested in technology without fully understanding the needs of the end-user. Having a corporate culture that encourages employees to volunteer ideas and share important information is ultimately more important than any...
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...ASSIGNMENT#3 SUBJECT: DO “PEST ANALYSIS”ON A COMPANY IN ONE COUNTRY. SELECTED COMPANY=TELENOR [pic] GROUP NAME: BLITHE WHAT IS PEST ANALYSIS? A pest analysis is a scan of the external macro-environment in which the firm operates can be expressed in terms of the following factors • Political • Economic • Social • Technological The acronym PEST (or sometimes rearranged as "STEP") is used to describe a framework for the analysis of these macro environmental factors. In this document we will discuss only two factors. 1. Socio-cultural factors 2. Technological factors TELENOR HISTORY: Telenor is the Telecommunication Company in Norway. Telenor started its operations on 15th of March 2005 and holds one of six mobile licenses in Pakistan. Today, Telenor is mostly an international wireless carrier with operations in Scandinavia, Eastern Europe and Asia. Telenor Group provides telecommunication services in 13 countries across Europe and Asia. SOCIO-CULTURAL FACTORS: Social cultural factors include the cultural aspects and include health consciousness, population growth rate, age distribution, career attitudes and emphasis on safety. Trends in social factors affect the demand for a company's products and how that company operates. This factor varies from country to country. Here are some factors which influence the telenor in Pakistan. These are the factors which can not be changed and the organization has to adapt these factors...
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...Case Analysis of Intel Corporation – Leveraging Capabilities for Strategic Renewal Dorothy Thornton Concordia University Portland Technology is a constantly shifting market and Intel is an organization which has adapted their corporate culture and vision to meet the demands of these changes. In the 1980’s Intel’s vision was a performance driven organization focused on new product development with action orientation from the front lines (Bartlett & Nanda, 1994). According to John P Kotter (1995), “A vision says something that clarifies the direction in which an organization needs to move” (p. 63). Intel frequently moved in different organizational directions in the 1980’s to meet the needs of the company. The emerging primary challenge for Intel in the 1990’s was deciding where to make a technological investment in the company. Intel had been successful in the past due to their ability to leapfrog with technology. Intel needed to identify and allocate resources to the products that would allow Intel to remain at the heart of the computer industry. Although Intel had was profitable making microprocessors, they were also investing in other new technology such as the flash chips which had the promise to replace discs and disc drives. Intel needed to determine what technology to invest in to stay ahead of its competitors. This idea is supported in That Used to Be Us which explains American success by staying ahead of the technology curve. Intel’s organizational...
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...superior products in terms of quality, its prospective customer are largely unaware due to the amount of marketing and branding its competitors spend in a saturated and mature casual footwear market. Analysis of the global footwear industry reveals that ECCO is unique in its decision to own the value chain from Cow-to-Shoe. This unique position offers ECCO a competitive advantage when managing its overall quality and introducing new technologies. At the heart of ECCO’s competitive advantage is the use of “direct injected” technology. ECCO’s culture of emphasizing quality has created a manufacturing process that is hard to mimic even after licensing the techniques and technologies. At the same time, ECCO’s decision to vertically integrate makes changing or scaling their operations very difficult and capital intensive. This analysis will examine: - ECCO’s current situation and strategy with regards to the global footwear industry and ECCO’s most closely aligned competitors. - The internal and external resources that will enable ECCO to foster and sustain a competitive advantage in a highly competitive industry. - The role of ECCO’s fully integrated value chain in all its decision making. Following the discussion of ECCO’s challenges and current strategies, the analysis will shift to examine potential strategies that will enable ECCO to better position itself within the industry: - A shift in focus from new technologies to process improvements. - Reorganization of...
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