...Challenges to multinational corporations in China China has emerged as the world’s second largest economy. Meanwhile, foreign companies salivate at the chance to tap into China’s growing market. Therefore, the rise of globalization in China may posit several critical challenges to multinational corporations. Although miscommunication should be taken into account for foreign companies, human resources are required to change patterns and global business strategy is also possibly tackled in the international market. Cultural misunderstandings arising from miscommunication will frequently lead to the failure of commercial negotiations. Although there are an accelerative number of Chinese people highly proficient in English, it is uncommon to find someone who understands the subtleties of the language to navigate delicate business negotiations. For example, Heads of ETIG used to make a trip to China, but had several productive meetings and returned home with strong business prospects. According to Murphy, a former technical analyst for CNBC in an article titled “Intermarket Analysis”, communication between the foreign and Chinese companies goes smoothly at first, yet things start to break down as business issues get more complex (Murphy, 2004). It appears that what started as a promising prospect for both sides often breaks down due to miscommunication. In addition, western companies in China rate human resources as the massive challenge of doing business here. Chinese workers...
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...The Challenge for Multinational Corporations in China: Think Local, Act Global – A Summary When multinational companies (MNCs) started to get entrance into the Chinese market, they were received with open arms. This includes them enjoying government privileges other local companies were not entitled to. The Chinese consumers also preferred goods from the MNCs, and not their local companies. This however, took a twist when in the year 2000, when the per capita GDP rose in the country to $1,000. The perception of the Chinese toward the MNCs changed further when China became a member of the World Trade Organization in 2001. Their earlier privileges were withdrawn, as even the Chinese started to embrace their local companies. Conditions ever since have become tight for the MNCs, as they are now expected to strictly adhere to the Chinese standards in their businesses. Although the MNC have positively contributed to the Chinese economy, much of their challenges lie within the framework of adapting to the local Chinese expectations in their business practice. For instance, it is important to be aware of the kind of advertisements to use, which cannot be considered offensive by the local Chinese people. Most MNCs have difficulty understanding the expectations the Chinese have of them, since the Chinese are sensitive people, with respect to moral integrity and social prestige. For the MNCs to survive in China, they must “think local and act global,” meaning they should conduct their...
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...Constitutional Rights By Janie M. Long Dr. Joseph McCue PAD 525 2/21/2016 Abstract Lawrence Korb was employed by Raytheon Corporation in the year 1985 as deputy president in charge of Washington operations after having served as an assistant secretary of defense from the year 1981 to 1985. In this capacity, as the head of Raytheon Washington, Korb was accountable for congressional relations and in direct contact with the government departments especially department of Defense. Korb then brought a lawsuit against Raytheon Corporation that his employment contract was terminated wrongfully based on the evidence produced in court that he wrongly exercised his right of speech; however he claimed that his right of speech was protected by the first amendment to the United States constitution as well as article XVI of Massachusetts declaration of rights. Therefore in regard to his complaints of the Raytheon corporation, together with the ruling court, this paper will analyze and evaluate each case by providing , facts about each case, critical issues and the final ruling, besides an analysis and explanation of the challenges with freedom of speech, freedom of information, challenges with employment law; a discussion of the public perceptions of Raytheon and its influence with the Department of Defense and a discussion of any fraud or misrepresentation on either side of the case. According to the facts of the case Korb v. Raytheon, 707 F. Supp. 63 (D. Mass. 1989), Korb became...
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...A Forrester Consulting Thought Leadership Paper Commissioned By IntraLinks Trends, Challenges, And Technology Use In A Changing M&A Environment M&A Management Tools — The Missing Link To Institutionalize M&A May 2010 Forrester Consulting Trends, Challenges, And Technology Use In A Changing M&A Environment Table Of Contents Executive Summary ............................................................................................................................................................................................2 The M&A Management Tools Market Is Still Nascent ...........................................................................................................................3 Trends And Challenges In A Changing M&A Environment ................................................................................................................4 Criteria For Successful Corporate M&A ......................................................................................................................................................8 Technology Use And Satisfaction In M&A .............................................................................................................................................. 12 Capabilities Of The Next-Generation M&A Management Tool ....................................................................................................... 15 Key Recommendations .........................................................
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...(1) Currently, more than forty percent of Fortune Global 500 changed from United States Generally Accepted Accounting Principles (GAAP) to International Financial Reporting Standards (IFRS); in virtually 100 countries, 12,000 corporations have opted to follow IFRS. As this standard is becoming globally accepted, the United States has been compelled to cooperate with IFRS. To portray the challenges involved, one large United States company, Clark Corporation, will be explored. At the close of the 2010 financial year, Clark Corporation’s external auditors strongly recommended that they prepare its financial statements using IFRS by January 1, 2012. However, Clark Corporation will encounter various challenges in migrating from depreciating the building under GAAP to IFRS. The component depreciation method is defined as “a method of calculating depreciation where separate items of a building with different useful lives are depreciated on different schedules” (Financial Dictionary, 2011). Although there are many benefits of the IFRS depreciation method, there are also numerous challenges that Clark Corporation will face from the gaps between current accounting practices and the new reporting system. One internal control challenge in migrating from the U.S. GAAP depreciation method to the IFRS depreciation method is the incompatibility between the systems. There are various internal controls in the U.S. GAAP reporting system that must be altered for the new reporting system, IFRS...
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...Financing Options for XYZ Corporation Nicole Byes FIN / 410 August 03, 2015 Ruth Smith As corporations anticipate growth and inventory increase over time their financial managers need to understand the need for inventory financing and inventory management (Block, Hirt, & Danielson, 2009). Looking at the long-term trend XYZ Corporation assets are likely to increase over time. The key to current asset planning is the ability of management to forecast sales accurately and match the production schedules with the sales forecast. "Financial forecasting is essential to the strategic growth of a business. The process of forecasting forces a business to consider seasonal and other effects on cash flow. In essence, financial forecasting allows the financial manger to anticipate events before they occur, specifically the need for raising funds externally (Block, Hirt, & Danielson, 2009). The financial manger's selection of external sources of funds to finance assets may be one of the firm's most important decisions. "The axiom that all current assets should be financed by current liabilities (accounts payables, bank loans, etc.) is subject to challenge when one sees the permanent buildup that can occur in current asset (Block, Hirt, & Danielson, 2009)". According to our resources, XYZ Corporation is experiencing an average collection period of 120 days. The industry average is about 75 days. The corporation has also experienced an increase in its business in the...
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...Traditional Versus Online Management American InterContinental University Abstract This paper will address the internet structure of an organization and the traditional structure of an organization. The Appalachian Lending Corporation is a small finance organization that will be used to show the traditional organization. The online retailer used will be eBay. The management and leadership roles and functions will be explained. Two challenges facing both the types of organizations will be described. The similarities of the challenges will be discussed. Suggestions will be given, about how to transition from a brick and mortar organization, to an online organization. Traditional Versus Online Management The new age of business is moving towards the internet age of business. The internet is attractive compared to the traditional brick and mortar because of the low startup costs. New companies need less capital for their initial startup and this allows more small businesses to be established. The internet also allows new businesses to reach consumer markets, which could not be reached before, by the brick and mortar businesses. With the change in the type of business comes the change in the leadership styles and management styles needed to run these businesses effectively. This paper will look at both, brick and mortar and internet organizations, and discuss the differences in structure, management obstacles and the solutions to these issues. Addressing Management and...
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...To: Jackwyn L. Nemerov, Executive Vice President of Ralph Lauren Corporation From: Yousuf Masud Subject: Brand Equity Analysis and Recommendations for Ralph Lauren Corporation Ralph Lauren Corporation, formerly known as Polo Ralph Lauren Corporation, is an upscale lifestyle and clothing company whose name has been associated with maturity and class since its inception in 1967 in New York City. It has been a major leader in the economic sector of consumer goods for years and has dominated the fields of design, marketing and distribution of premium lifestyle products. Despite the emergence of new edgy-fashion brands, Ralph Lauren still holds tremendous weight with investors and customers for its classic looks and strong brand recognition (Pasquarelli, 2012). Year after year Ralph Lauren has been able to stay competitive due to its renowned brand recognition and dedicated design team. Ralph Lauren’s brand name has been further strengthened through current partnerships and charity events. Their partnership with the Olympics, Wimbledon and USTA make the Ralph Lauren brand name recognized globally. Additionally, their charity work with underprivileged and undereducated communities has been essential in maintaining a positive image among all people, regardless of income or social status. While everything seems to be going in the right direction for Ralph Lauren Corporation, there are a few challenges that can adversely affect the well-being of the company. The purpose...
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...ASSINGNMENT: CASE STUDY1: THE BIG DATA CHALLENGES NAME: MICHEL NGAKO EMOU PROF: HOSSEIN FIROUZI COURSE: CIS 500; Information System for Decision Making January 31, 2013. INTRODUCTION Volvo Car Corporation separated from his parent Ford in August, 2010; it was also breaking free from Ford IT infrastructure. That’s allows the company to developed and integrated new IT infrastructure, making a significant changes on their business. 1) Judge how Volvo Car Corporation integrated the cloud infrastructure into its networks. Volvo Car Corporation has doing successfully the integration of cloud infrastructure into its networks. They have captured terabytes of data through sensors and CPUs embedded in their cars, and transmitting to manufacturer via cloud. Then, those data are streamed into Volvo data warehouse with others data coming from customer’s relationships management, from dealerships, their production/factory floors and product development and design systems. All those data stored and use by Volvo give him a real advantage in its field of business. 2) Explain how Volvo car corporation transforms data into knowledge Once those terabytes of data are collected and stored into Volvo data warehouse, they combined and analyzed them to extract useful information. Those information help Volvo Car Corporation either to be predictive or proactive. As said Rich Strader, CIO’s chair at Volvo” by splicing that data together, we are pre-warned about potential...
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...Working at a Multinational Corporation and the Impact of Globalization on Small Businesses Ruben Vallejo Working for a multinational corporation is a great way to understand the globalization of business, providing first hand experience and knowledge of the problems and solutions, to said problems that business owners encounter on a daily basis. Perhaps the biggest contributor to this disruption is the globalization of business, which almost always means that business owners today must adapt and if necessary make changes to the way they conduct business in order to effectively grow their bottom line. A multinational corporation or MNC, is defined as a company that has facilities and/or assets in at least one other country than its home...
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...Lear Corporation Part II: SWOTT Analysis BUS/475 December 14, 2015 Lear Corporation Part II: SWOTT Analysis New division of Lear Corporation will be engaged in retail and communication sphere of automotive sector. It is crucial for every business to conduct SWOTT analysis, which will give an overview on the situation within the business and on possible challenges and potential victories. The table below represents the parts of external and internal analysis of a new division, which is SWOTT analysis (Free SWOT Analysis, 2012): Strengths | Weaknesses | * Strong connection with the suppliers * Initial competitive advantage * Support of innovation * Research & development investments * Positive image and history of Lear in the eyes of legal authorities and in the eyes of the society * Global presence and further expansion of the global low-cost footprint * The initiative of ‘going green’ | * Strong connection with the ‘mother’ company and its previous possible bad lucks * High dependence on the limited number of suppliers * Substantial indebtedness of the whole company | Opportunities | Threats | * Increase in sales due to the increased interest in hybrid automobiles * Increasing influence of positive image by sustainable development initiatives * Growth opportunities throughout the states * Becoming best in the future industry due to a strong competitive advantage * Implementing social/loan programs to bring greater value to the...
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...There is a pressing challenge amongst countries these days to develop their economies. The goal of all governments is to improve their citizens' quality of life which can be achieved through economic progress. With the threat of the global economic recession, this goal has become particularly difficult. In order to combat this challenge, some countries have resorted to engage in economic partnerships with other countries. This is where the Trans Pacific Partnership (TPP) comes into the picture. So what is the TPP? According to the Washington Post, the TPP is a giant free trade deal between the U.S., Canada, and ten countries in the Asia-Pacific region that's been in the process of negotiation for nearly ten years now. Under the agreement,...
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...Wal-Mart study Case#1 1. What threats and challenges is Wal-Mart currently facing? From the beginning, Walmart did not have many threats. However, not only the competition is different, several global retailers such as Target, Carrefour, Costco, and Amazon, are working hard to keep efficiency. They are trying to work together to shrink the prices difference between them. Walmart has facing difficulties from every single angle. Not only the company has internal labor relation problems, but also it has some external threats from its competitors. The company must work hard to get possible solutions against its competitors, and to solve any internal problems regarding its labor relations. Even though Walmart does not have any problems with its good sales performance, it does not stop the company to have issues with sales. Walmart needs to pay attention because there are too many claims from women regarding the lawsuit discrimination for several reasons inside the company such as pay, promotions, and training. The company has no other recourses to re-evaluate the situation to make its employees feel better as far as the coverage is concerned. There are several companies in the United States that offer better health insurance coverage than Walmart does. As a result, a re-evaluation is necessary so that associates can pay less with a higher contribution of the company. Life insurance is important for every single employee within an organization. An employee with no good life...
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...in which Zappos’ leadership has fostered a culture of ethicalness in the company. Zappos was able to capture the uniqueness of talented individuals by cultivating a craving to welcome an enhance way of culture’s that is like a running river that can’t stop running. To date Zappos efforts to strategize well defined plan’s has been amazing in terms of employing innovative, creative minds that continue to develop new products and categories. Zappos cornered the market of offering a kid friendly web site to shop via the internet or better known as on-line shopping. Zappos has made a toast to the innovative cyber shopping experience that is capped off with a fine taste of rare champagne by offering exceptional customer service. Zappos corporation is so knowledge and confident in their product line that their motto state the policy of easy return without any hassles. In the event that your merchandise that you order on-line does not exceeds your exceptional Zappos is willing to return the item(s) at no additional charge to the customer. Zappos continues the quest for exemplarily customer service. Mr. Nick Swinmurn founded Zappos after a frustrating day at the mall looking for shoes that he never found. The shoes he found were either too big, too small, or the wrong color and material. The frustrations lead Mr. Swinmurn to start a shoe website that offered the best selection and best service. Tony Hsieh was an early investor whom soon accepted the role of the CEO of...
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...Sinosteel Corporation is a central state owned enterprise, primarily in mining, trading, equipment manufacturing and engineering, under the supervision of the State-owned Assets Supervision and Administration Commission.. The company was founded in 1993 as China Iron & Steel Trade & Industry Group Corporation and changed its name to Sinosteel Corporation in August 2004. Sinosteel Corporation is based in Beijing, China. 1.What is the business of Sinosteel? What are its major challenges, and how would an ERP system address the challenges they face? Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources, trading and logistics raw materials and products, and it is related engineering technical service and equipment manufacture. The company is decentralized while its business is expanding all around the world. The main challenges for sinosteel : * Improving and consolidating its management, overwhelming their lack of centralization. * Being more efficient, at the level of resources management, human resource management and customers’ relationship. ERP system: I would like to say, thanks to a system of software modules and a common central database, the internal management can be improve and optimize, by consolidating the information sharing. * Throw the supply chain management [SCM], a batter and optimize management of resources. * Through the customer relationship management [CRM], a higher customer...
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