...The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in a small firm. Evaluate the statement in 3000 word. INTRODUCTION Studying business international is good because it gives us an opportunity to know about other’s nation laws in order to import or to export products between two countries that have achieved their consensus to do business between them. International business includes all commercial transactions, either private or government sector, investments, sales, transport, and logistics that happen between two or more countries that are beyond their political boundaries. Generally, private company makes a deal with businesses from other countries to achieve target profits. And for government, the main reason they do this is because of their diplomatic relationship and also to gain profits. International business also can mean that it refers to all of the business transactions such as services, natural resources of the country, and goods or products. As for students, they will learn and practice on how to serve people in international markets. When they are entering working environment, they will find out that most of people that they need to serve is people that come from several races and countries. Students also studying about the culture of another country, their lifestyle, what they do in their daily business routines. The strategies on how to take...
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...is widely used by firms in the Hospitality and Food and Beverages (F&B) industry as it is low-cost and has potentially many viewers. With the rising numbers of firms marketing on various platforms, this report aims to determine whether some social media platforms are being under-utilized and how firms can use these platforms to refine their marketing efforts. Research data was gathered through interviews of representatives working in the industry. Interviewees were asked questions relevant to their firm’s usage of social media and its importance to the firm. This report concludes that Twitter, Blogs, Pinterest and Foursquare are under-utilized among firms in the industry and Small-sized firms should focus on developing their profiles on twitter and foursquare, while Medium-sized or larger firms should focus on developing their profiles on Blogs and pinterest. Table of Contents 1 Introduction 1 1.1 Background 1 1.2 Purpose 1 1.3 Scope 1 1.4 Limitations 2 1.5 Sources and methods 2 2 Findings and discussion 2 2.1 Social media usage patterns in Hospitality and F&B industry 2 2.1.1 Social media usage patterns in Small-sized companies 3 2.1.2 Social Media usage patterns in Medium-sized companies and above 4 2.2 Firms’ specific interests in using social media 5 2.2.1 Middle sized companies and above 5 2.2.2 Small-sized companies 6 2.3 Discussion 7 3 Recommendations 8 3.1 Small-sized firm 8 3.2 Medium-sized firms 8 4 Conclusion 9 ...
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...representative member. * A full service accountancy firm * Midsized in their local market * A member of the relevant local professional accountancy institute * Unaffiliated with a competing international association or network of accounting firms * A reputable local firm with significant expertise in cross border business * English speaking * An expanding firm with a growing proportion of internationally active clients * Committed to marketing the firm and to participation in and promotion of the association. 2. Benefits of membership: (http://www.inpactint.com/join-inpact/benefits-of-membership/ ) * INPACT is allowing mid market accountancy firms to access resources on a global basis that is enabling them to retain their autonomy and compete more successfully in their local markets. * Access to INPACT's like-minded group of over 140 member firms in more than 60 countries worldwide * Greater exposure to developments in the international accountancy, audit and tax landscapes, and the formation of strong links to accounting firms around the world through attendance at INPACT Group meetings. * Furthermore, our membership of EGIAN (The European Group of International Accounting Networks & Associations) confirms our growing reputation in the global accountancy market. 3. Services Of Inpact International: (http://www.inpactint.com/services/ ) Our membership criteria stipulate that member firms must be able to provide advice related to accountancy...
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...generating the additional value needed to once again realign the company with both internal and external expectations? Analysis of the situation focused on three strategic issues found to be key in determining the firm’s strategic options: NSY’s core competencies; their internal environment which encompasses the firms operations, structure and culture; and how the industry trend of consolidation might affect the firm’s positioning. Based on a thorough analysis, it is recommended that NSY forgo an alliance with an industry player, instead focusing on organic growth. This growth is recommended to first begin by reinvigorating their e-commerce approach. NSY’s website must deliver on the value that was originally intended at the firms inception. Second, it is recommended that NSY steadily grow their brick and mortar footprint throughout locations that typically see substantial industry activity. This growth is suggested to begin as regional, and as finances allow, spread outward from their home base in Spain. These recommendations will enable NSY to build a recognizable brand within the industry; ultimately, creating the type of loyal consumer base that can aid the firm in meeting all future...
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... Consulting Project Plan for ATLG Litigation Law Firm The present owner of ATLG Litigation Law Firm manages every aspect of the business, including the human resources functions. His management responsibilities are so underwhelming he feel that he can’t grow the firm to its full potential. After reviewing the operation in its current state, my thoughts were the owner needs a clear and concise operational plan that would help him resolve his current situations, and expand the business. I will deliver a sound solution with taking the owner’s concerns when making these recommendations. As an consultant it is important to establish a communication plan that will identify the effective ways of communication used in this project. Since the owner of this firm control all the main functions, the frequency of communication is definitely needed, and to put some tools in place to help accomplish a clear way to communicate to the staff. This will include feedback meeting plan that will include the key players who have the strongest impact on the firm. Communication Plan When dealing with a small firm such as ATLG, it is more effective to constantly communicate with the mindset of establishing authenticity as well as rapport with the client. This plan includes case base research, competitor firms, and qualified attorneys who practice law in the same field as the firm. This information is offered for knowledge to share and encourage...
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...ECONOMICS OF INDUSTRY Companies of firms in the same industry are bound to fall along the same vertical chain, this is the chain wherein some bit of value is being added to the product at each step. Vertical integration means the firm has complete control over its inputs, production and outputs along the value chain. The different firms only differ in terms as in how many links are present in their vertical chain. Adopting vertical integration for a firms means reduction of transportation costs as common ownership means closer geographical areas, the supply chain is more coordinated, barriers to entry are there making it hard for new firms to enter the market, core competency is expanded and access to uneasy distribution channels is gained. I think it can be in a firms interest to outsource its components from competitors rather than producing in-house because (Make Vs Buy Decision) this way the firms can gain economies of scale which is a good amount of saving in costs gained by the increased level of production (the firm being a supplier) whereas in-house production doesn’t gain much economies of scale as the demand would be little. The firm becomes obedient and efficient as they must follow the rules and efficiency as is in the entire market. Buying from the market improves flexibility but some disadvantages of the buy decision are the search costs, incomplete contracting which is transaction costs- under the contracts between parties only certain remedies are covered...
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...In this essay we will be examining the websites of two CPA firms, a Big-4 firm and a Second-tier firm. The second-tier firm our group has chosen is Vavrinek, Trine, Day & Company, a California based firm established in 1948. Vavrinek has six office locations, employees 200 people, and provides a variety of assurance and non-assurance services including accounting, auditing, tax, and consulting. It is ranked among the top 100 CPA firms in the United States and consistently ranks among the top five in the state of California. The Big-4 firm our group has chosen is KPMG. Founded in 1987 with the merger of KMG and Peat Marwick, KPMG also provides auditing, tax, and advisory services. This International network of CPA firms employees 138,000 professionals in over 150 countries, and with annual revenues exceeding $22.7 billion, has become one of the largest professional services networks in the world. From our examination of these sites we will provide a critical evaluation of each, as well as an accompanying comparative analysis. We will begin our assessment by evaluating what we collectively found to be positive characteristics of the Vavrinek, Trine, Day & Company website. The first thing we noticed is that the site has an appealing visual aesthetic. The various pages are organized, cohesive, and uncluttered, and the font size and page layout makes the information presented easily readable. We also appreciated the navigation functions and how easy it is for the...
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... Introduction In this chapter of the online textbook, our main goal was to understand how technology helps firms craft and reinforce competitive advantage. The big firm, Netflix will be used as our main example. In order to understand the big picture, it is crucial to understand the basics of the two services operating under the Netflix business model. Also we will talk about how the firm experienced wild swings in technology shifts from obsolete models to the firm’s long term viability models. Along with technological aspects of the company, the paper will be divided into 4 big parts explaining the details. The first part will be about the streaming service that Netflix first adopted. Further explanations regarding long tail and comparing other firm’s example will be given. The second part of the paper deals with cost, pricing and stock price of the firm. The company went through many ups and downs and the trend will be explained throughout the parts. Third part will be going more in depth with the technology and software usage from Netflix. Detailed information regarding atoms and bits will be included. The last part of the paper will mention about the channel relationship such as media, people, profit and disintermediation will be explained. After the 4 body parts are explained, the conclusion will sum up our information and give an overall trend of the firm and its ups and downs that structured the company to be where it stands today. A more in depth comparison and...
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...think that firms around the country would greatly benefit from such a strategy. The information it provides is interesting and appealing in many ways. I personally enjoyed reading it, and it opened my views of how to create satisfaction. The five main ideas of this article were the literature review, methodology, the results, the discussion and the conclusion. The most important concept this article was talking about is a demonstration from the value of analyzing communication from three perspectives and the importance of their synergy to achieve a full communication potential. It also discusses how satisfaction plays a very important role in relationships between customers and firms. The model presented has three different levels. The first level was showing that user satisfaction depends on the achievement and success of completing a task. This is achieved with good usability of the web-design. This level should be computer based. The second level talked about how satisfaction from successfully accomplishing a task is universal. A cultural/cognitive approach to HCI suggestions a different human formulation of impressions when they use the websites. This level can help avoid negative influenced elements and improve satisfaction. This level should be human based. The third level is to establish a relationship with the visitor to extents that exceed satisfaction with the site and reach the feeling of goodwill towards the firm. This level should focus on the firm and communications...
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...in Professional Development Introduction A firm interested in increasing its employees’ skills and competencies while deepening their employees’ commitment to the organization should c onsider three interventions: the nature of the job, formal training and the mentoring/co aching process. This paper on best practices outlines the issues firms fa ce in developing programs in these three areas and disc usses which practices, program designs or methods firms should take up in response to these issues. The Job Research in firms suggests that younger professionals are drawn to two different kinds of firms: the firm with a great reputation in the field, and the smaller, often less reputable, firms that offer younger people a broader range of opportunities. They usually favor the former when they regard their first or secon d job as a way station to a longer-term career in another company or setting and want to garner the “halo” effect of having worked at a great firm. This phenomenon o c curs in other professional services as well. For example, many consultants are happy to go to M cKinsey for their first five years of employment even though the prospect of becoming a partner and then a director are quite limited, and the work itself is extremely taxing. Many firms, however, cannot rely exclusively on the limited supply of skills within the firm to create opportunities for learning and growth. Therefore, these firms must build these opportunities into its system...
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...details see the ‘Courseware’ section of http://gallaugher.com INTRODUCTION Managers are confused, and for good reason. Management theorists, consultants, and practitioners often vehemently disagree on how firms should craft tech-enabled strategy, and many widely read articles contradict one another. Headlines such as "Move First or Die" compete with "The First Mover Disadvantage." A leading former CEO advises "destroy your business,” while others suggest firms focus on their "core competency" and "return to basics." The pages of the Harvard Business Review declared “IT Doesn’t Matter”, while a New York Times’ bestseller hails technology as the "steroids" of modern business. Theorists claiming to have mastered the secrets of strategic management are contentious and confusing. But as a manager, the ability to size up a firm's strategic position and understand its likelihood of sustainability is one of the most valuable, yet difficult skills to master. Layer on thinking about technology – a key enabler to nearly every modern business strategy, but also a function often thought of as easily ‘outsourced’ – and it’s no wonder that so many firms struggle at the intersection where strategy and technology meet. The business landscape is littered with the corpses of firms killed by managers who guessed wrong. Developing strong strategic thinking skills is a career-long pursuit – a subject that can occupy tomes of text, a roster of courses, and a...
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...Indian Oil Corporation Case The case discussed Indian Oil Corporation (IOC), which ranking 18th in top petroleum corporations and 105th in largest corporations globally with a tuner over of more than 48 billion Euros. The case discussed in detail IOC’s problem in profit decline due to borrowing money and line of credit issues. The case reveled the root and causes of these problems, which turned out to be the intervention of the Indian Government through its subsidies policy. These subsidies adjusted oil prices to suit the general public regardless of how it may negatively affected the oil corporations. General environment’s seven segment include: Economic, Physical, Sociocultural, Global, Technological, Political/Legal, and demographic. Economic segment includes: inflation rates, interest rates, trade deficits or surplus, budgeting deficits or surplus, personal savings rate, business saving rate, and gross domestic product (GDP). Physical segment incorporates: natural resources (finite supply), sustainable technologies, advocacy groups, increasing demand (conflict of interest), waste reduction, and environmental risk management. Sociocultural segment includes: women in the workplace, workforce diversity, attitudes about the quality of work life, concerns about the environment, shifts in work and career preferences, and shift in preferences regarding product and services characteristics. Global segment: important political events, critical global markets, newly industrialized...
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...and discusses how an entrepreneur in this ever changing world strives to become an international firm. This case study of an Omani firm Renaissance Services SAOG (hereafter, Services) explains and shows us the growth on international scale of a family owned business. In order to understand the case, several key components were identified, and were analyzed to see its text book validity. Each component is critically analyzed as the case study progresses. 1.1Introduction of the Firm As an entrepreneurial firm in 1996, Services has progressed immensely across the globe. Its chairman and founder Samir Fancy had a crystal clear vision and by disclosing it to every Tom, Dick and Harry of the firm, Services gradually progressed on international level. The firm is primarily an oil and gas industry services company, and is listed on the Muscat Securities Market in Oman. It has an excellent offshore fleet of vessels, and is counted among the world’s top ten in providing global oil and gas industry service. According to its official website (http://www.renaissanceoman.com), Services has over 12,000 employs, operating in over 16 countries. The 2012 revenue of the firm was US$ 0.67 Billion. Apart from this sector, Services also engages in several other services related sectors, such as marine engineering, media communication, and also engages itself in education and training. The firm also engages itself in Corporate Social Responsibility, by improving the standard of living of local...
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...Essay on hooliganism In this essay I will discuss why hooliganism exist, what makes a person become a hooligan and what characterizes a hooligan and hooliganism as a whole? They hunt in packs like wolves, fueled by drugs, hooked on violence. Some are as young as 15. They make a plan to arrange showdowns against other rival ''firms'' at agreed locations. This is a quotation from the French documentary ''Fucking Hooligans''. But why does hooliganism exist in general, there are a lot of reason to it, but the main ones are mentioned. In the text ''Among the Thugs'' and the film ''Fucking hooligans'' it expresses the lifestyle of a group of lads who have a lot of things in common. They drink a lot, smoke a lot and foremost they love to fight, the typical formula for a hooligan. They're the most dangerous. They're the ones who start most of the fights.(p.4-l.12-13). The hooligan culture is not just a culture for some people but a bond between brothers, or in other words it is another family for them. There are plenty of reasons why ''someone'' becomes a hooligan. People normally become involved through two ways, either through friends and family or their choice of a new lifestyle. The main reason why people decide to become a hooligan is that it is just fun when it kick's off. It's an adrenaline thing, you cannot get that kind of buzz through anything else. But half the time it's not even about fighting, it is about being around your mates, having a laugh on a match day and...
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...completely. In order to make certain there is enough time to grade the project before the school’s mandatory submission date, the project is due Wednesday Mar. 16th (of Week 11). While there are countless useful websites, the one you may find most helpful is the SEC’s Edgar site at http://edgar.sec.gov. All firms that are required to provide financial statements must do so here and it is the most direct source of accounting statements. The corporate website of your chosen firm is also likely to have the information needed. 1a. Choose a firm that you are interested in following. In “The Big Board” forum post the firm’s name, industry, and ticker symbol as soon as possible. Each student’s firm must be different and firms will be awarded on a first come first serve basis assuming that they meet he required conditions. Due to some of the requirements of the project the firm must be traded on a U.S. stock exchange and file GAAP statements with the SEC. It must be in the manufacturing, distribution, and/or retailing sectors. Firms who’s primary activity is in the financial sector are not permitted nor is Apple Computer. The firm must have at least $100 million in total assets and $2 million in both PP&E and long-term debt. To quickly find whether your firm meets the cutoffs you can visit http://finance.yahoo.com. They have various links that will provide you with the basic information needed....
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