...GENICON CASE 1.Evaluate GENICON international expansion so far. What are the main reasons it has been successful? GENICON international expansion has been successful because the international markets were expected to grow much faster than USA. This fact may seem unusual as the USA market of this kind of products is the largest all over the world. Another reason of the success of this firm was the transition of the European market for medical devices. These changes where produced because of the entrance of Tyco Healthcare, a global healthcare products company. This company sought favorable contracts with few distributors. The willingness to take GENICON's products increases and this fact helps the company success. Finally, another reason of success could be the strategy of the company, very focused of carrying out deep studies to choose the right countries. Factors as taxes, tariffs, regulations, exchange rates, etc. were taken into account. 2.Apply Country Portfolio Analysis (see Distance Still Matters) to the markets GENICON is considering entering. You may use the combination of industry statistics and country indicators (such as GDP per capita). Which country makes the most sense from this perspective? In order to study these countries we will focus on the GPD, GPD growth, GPD per capita, population and land. In the picture below we can see that China has the best numbers regarding GDP and its growth. Nevertheless, due to this large population the GDP per capita, data that...
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...strategy and outcomes from round 1 to 3 next will be on the SWOT analysis it follows by our strategies for round 4 will conclude with Learning point I will cover the first 2 section while Cecilia covers the other sections Background We are in the Market number 2. We have 6 competitors. Our market is quite dynamic, where each group is using each different strategy (there are groups going for differentiation, conservative, profit maximizing, heavy advertising). Some competitors are observed to be using and changing different strategies throughout the rounds. As for our strategy, we have fixed it from the start. That is cost leadership. We go for *low price, with *reasonable feature *at* reasonable level of marketing Therefore, to go with our low cost strategy, we have intended to use mass production to achieve economic of scale to keep our production cost to the minimum. After understanding our market condition and strategy, I next move on to touch on briefly what has actually happened during the past 3 rounds. Performance analysis Round 1 Aim: Tech 1 market leader (want secure position on tech 1 before moving to tech 2) Strategy: Invest 10 plants in Asia {text:list-item} {text:list-item} R & D investment: Buy tech 1 (1 additional feature) &own R&D tech 1 (2 features) {text:list-item} Marketing: active marketing involvement in USA & Europe @ 30k while for asia we keep at...
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...Non U.S. Equities The stocks we are investing 19 percent of our money in are JBJAX and EMGCX. The reason for us investing in these two stocks are the positions they hold in the Morningstar JBJAX has a 3 out of 5 rating and EMGCX has a 5 out of 5 rating. So by looking at these stocks we are in a good position to come out of it in a positive way. To further break down where we will be investing the 19 percent of the $1,900 and why, 15 percent or 1,500 will be going into JBJAX just for the simple fact in each investment category Morgan Stanley is in the top 50 percentile. Then 4 percent or 400 we will be investing in EMGCX. But investing in these two stocks we don't want to put all our money in one basket like Morgan Stanley and added a percentage of the 1,900 to Evergreen Emerging Markets and with the growth being made in other countries we did not feel we should have all our money in US stock. JBJAX has a NAV (net asset value) of $9.37 per share and EMGCX NAV is $16.25 per share. Just by looking at The NAV of these two stocks it seem like pretty good stock to invest money into with the return percentages being among the best. EMGCX has an above average 3 year Morningstar rating with below average risk, so that shows in the short term the return vs. risk rate is very high and the 5 year Morningstar return rating is high with the risk being low so that shows some of the stability of EMGCX stock. EMGCX as of November of 2009 had a 66.10% total return percentage. JBJAX as of November...
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...Table of Contents Introduction 3 1. Situation and Risk Profile Analysis 3 1.1 Background 3 1.2 Character 3 1.3 Life style 4 1.4 Time horizon 4 1.5 Objective 4 2. Asset Allocation rationale 5 2.1 Bonds 5 2.2 Equities 5 2.3 Cash 6 2.4 Assets allocation Chart 6 3. Choice of investment Vehicles 6 3.1 ETFs 6 4. Portfolio description 6 4.1 SPDR Dow Jones Industrial Average Trust (Core). 7 4.2 Vanguard Total World Stok ETF (Core) 9 4.3 Vanguard Industrial ETF (Satellite) 10 4.4 Vanguard Energy ETF (Satellite) 11 4.5 iShares iBoxx $ High Yield Corporate bond Fund (Core) 12 Conclusion 13 Introduction Making more money or at least preserving one’s wealth are the main reasons for investing. Investing on financial Markets is an option among others with its own set of rules, advantages and setbacks. In order to to be able to pay school expenses for their three children, Mr. and Ms Brown have decided to invest some money in the stock market. The purpose of this essay is to demonstrate how Mr. and Ms. Brown proceeded to build their investment portfolio. In the first part of the essay we will analyze their situation to understand their risk profile, time horizon and objective. In the second part, we will expand on the asset allocation rationale to finally decide in the third part which investment vehicle is appropriate. 1. Situation and Risk Profile Analysis 1.1 Background Mr. Brown is a forty year old man, happily married with three children; two...
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...CEMEX’s FDI? 1. Internalization theory best explains CEMEX’s FDI because CEMEX entered into many countries and bought domestic cement businesses instead of licensing. CEMEX has a great system and needs to protect it from competitors. 2. What value does CEMEX bring to a host economy? Can you see any potential drawbacks of inward investment by CEMEX in an economy? 2. The value is that CEMEX has a “Midas touch” that transforms a cement business into a thriving business. This brings great stimulation to the host economy and also helps in the construction field, which in turn helps to build cities and civilization. No, CEMEX would do well to invest inwardly, yet, CEMEX is better at acquisitioning businesses. 3. CEMEX has a strong preference for acquisitions over greenfield ventures as an entry mode. Why? 3. Acquisitions are solid because the business in the host economy already knows the demographics and the market. CEMEX just has to make the business better with little research. A greenfield venture would prove risky and not cost effective. 4. Why do you think CEMEX decided to exit Indonesia after failing to gain majority control of Semen Gresik? Why is majority control so important to CEMEX? 4. A licensing is very dangerous. CEMEX only have a 25% push with Semen Gresik. It did not have full control and the methods of CEMEX would be exposed and vulnerable to be stolen. CEMEX has a great system and does not want anyone interfering. 5. Why do...
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...SF1 Instructor: Dr. William D. Hermann Date: 06/27/2016 I. 1. The United States and Mexico have sign NAFTA along with Canada in the year 1994, which allowed all the three-nation to demolish trade barriers among them. Mexico is a developing nation, a developing nation faces major challenges in the form of lack of infrastructure, lack of investment and lower living standards. Whereas, The USA, is a developed nation and always thrives over any investment opportunities. This disparity helped both nations to mutually benefit each other. The companies in the USA moved to Mexico in search of cheap labor, land and attractive government policies. On the other hand, Mexico benefited by trading farm product, dairy, and remittances from workforces. However, over the period of time, the factor of production which were in favor of the USA have depleted. The reason for this change is due to the emergence of other competitors such as India and China. Those products, services, and facilities which were generating revenue for Mexico are now challenged by the countries like China and India. The reason for this shift is due to comparatively higher wages, unrest in society, corruption in government, and underdeveloped infrastructure. This is further accelerated by phenomena of globalization which removed many trade barriers between east and west. 2. Consumer surplus is the amount a buyer is willing to pay for a product minus the amount the buyer actually pays. Consumer surplus is the...
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...Task 3 I. Introduction A. There are organizations and managers who lack the knowledge of how to promote happiness on the job and improve employee satisfaction. B. There are three ways to improve employee satisfaction in the workplace. C. Research suggests that employee satisfaction in the workplace is improved by promoting team players, maintaining a recognition program and building engaged employees. II. Recognition is a very valuable in promoting employee satisfaction. D. Survey after survey shows that a lack of appreciation and recognition is a primary reason why people quit their jobs. Another survey by Robert Half lists “limited recognition and praise” as the number one reason employees leave. Smith, G(2001) E. When employees say that recognition is the most important thing they want from their organizations, they mention things like: Wiley, J (2011) * ‘‘Recognition and respect’’ * ‘‘A pat on the back, or some praise would be nice’’ * ‘‘I want to be respected and recognized as a valuable team member’’ III. A group of good team players creates a happy individual and promotes satisfaction in the workplace. F. Team efforts are not only supported, but also celebrated at the best companies. Coming together to reflect on the team’s efforts encourages team pride. Burchell, M (2010) G. The key to effective teamwork is to first recognize and identify who is on your team and...
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...and Canon. Read more at Suite101: Japan's Trade Buddies: Top 15 Japanese Export & Import Partners http://www.suite101.com/content/japan-s-trade-buddies-a10157#ixzz1DEYGoPBY USA vs. Japan - Economics & Intercultural Communication Table of contents 1 Introduction....................................................................................1 2 The economy of Japan..................................................................1 3 The economy of the USA...............................................................2 4 Intercultural Communication..........................................................3 5 Conclusion.....................................................................................3 1 Introduction In my paper I want to write about the United States of America and Japan. I will write about the economic backgrounds of the two countries and also write about some typical behaviors that must be mentioned when somebody talks about intercultural communication in the two countries. Before I will go to my topics I think its important to know that both countries have one similarity that is not so positive in the minds of them. It was the 7th December of 1941 when Japan attacked the United States in Pearl Harbor. The effect on that attack was the entry of the USA in the Second World War. We more or less...
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...Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s.1 This depression was the longest, deepest, and most widespread depression of the 20th century. As we all known, the Great Depression began at September 4, 1929, with the sudden fall in stock prices, and rapidly became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). It started from USA, and quickly sweep European countries as well as all over the world. This crisis had huge impact on all the people across the world, various industries, economic fields, and all the social life. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33 %2. The Features of the Great Depression Compared with all the crisis happened before and after, this crisis gets some distinct features: firstly, the scope of the influence of the great depression is so wide. At that time, USA was the most powerful country in the world as well as the biggest creditor country. The American finance had close connection with all the capitalist countries and the international business market. The crisis spread from American to the vital capitalist countries Germany, Japan, Britain and France. The capitalist countries wanted to transfer the crisis to other countries, so the depression affected all the colonies in a wide range, semi-colonies...
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...Group Holding Companies in the ratio of 60/40 (Royal Dutch/Shell). The corporate structure is outlined in the figure below. Individuals and Institutions Individuals and Institutions Royal Dutch Petroleum Company Netherlands 60% The “Shell” Transport and Co, PLC UK 40% The Shell Petroleum Company LTD. UK Shell Petroleum Inc. USA Shell Petroleum NV Netherlands Service Companies Operating Companies Shell Oil Company USA Individuals and Institutions Individuals and Institutions Royal Dutch Petroleum Company Netherlands 60% The “Shell” Transport and Co, PLC UK 40% The Shell Petroleum Company LTD. UK Shell Petroleum Inc. USA Shell Petroleum NV Netherlands Service Companies Operating Companies Shell Oil Company USA 2. What are ADRS? Why might companies find it attractive to issue ADRs? ADRS stands for American Depository Receipts, which is an underlying security that trades in the US financial markets. Foreign companies would find it attractive to issue ADRs because it would allow US investors to invest in their company, potentially increasing the value of the company. 3. Identify price differentials between different equity listings of the Royal Dutch/ Shell Group. How can they be explained? What percentage of the particular price differentials you identified can be due to the explanations you suggested? In Exhibit 8 of the case study, Royal Dutch was trading for $141.368 in Europe and $141.375 in New York...
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...and relationships between a company’s management, its board, its shareholders and other, and the goals for which the corporation is governed.[2][3] In contemporary business corporations, the main external stakeholder groups are shareholders, debtholders, trade creditors, suppliers, customers and communities affected by the corporation's activities[4] . Internal stakeholders are the board of directors, executives, and other employees. In this case, majority of shareholders are mainly from two families, they had voting rights to make strategies and regulate. Moreover, from porsche exposed side they reckoned the report should be disclosed seasonally, rather than quarterly, Main reason not list in USA, Revenue roughly 40% from hedging, even it is a car motor company. Agency theory, it is about relationship between management and shareholders, the management should maximize the value of shareholders. Other car manufactories set up factories outside of Europe, natural hedge. Debt to asset, is second low debt ratio, dislike, but cash, Borrowing money ? Foreign exchange exposure, Euro appreciated use depreciated Strategy: Purchasing put option on USD. Created a three year rolling portfolio of put options Even it is car company, it can be seen from table, the sales revenue contributed a lot without production in any local the USA and UK Long position on USD Car Company or foreign exchange trading company Natural hedge, US inflow, would not borrow and manufactured in US...
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...precise positioning for Pandora on the market it is necessary to analyse its competition and the demand on the jewellery market. In order to do so, there will be analysed the countries with the most impact on Pandora’s sells: the USA, the United Kingdom, Germany and Australia. 1. US Market Despite the economic crisis, Pandora showed a significant growth in the USA between 2009 and 2010. The reason for this growth is due to the establishment of new shops. According to financial results, Pandora had 81% growth during 2009 and 2010. In general, the jewellery market in the US showed a decline of 11% in 2009 compared to 2008; while the exclusive jewellery presented a setback, the sales for the fashionable ones rose. In this period the online shopping gained popularity because of the lower prices. The most popular online shops were Tiffany’s, Swarovski’s and Keyjewelers’s. The jewellery market in the USA is very fragmented as there exist many major and also small companies that activate in this field. In the market for real jewellery nobody has a market share above 7% (Jyske Bank, 2010). The largest distributor of both real and artificial jewellery is Wallmart with a market share of 7%, followed by Key Jewelers (Sterling Jewelers)(5%), Zale (3%) and Tiffany (2%). Source: Jyske Bank The pieces of jewellery...
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...Berkshire Hathaway Summary Facts about the Firm Berkshire Hathaway is an American multinational company based out of Omaha, Nebraska, USA & does not resemble the original company that Buffett had bought during the 1960’s. As of 2008, it was active in a variety of sectors, including insurance, regulated utilities & retailing. It is a holding company that manages a number of subsidiary companies belonging to the companies in these variety sectors. In 2008, the revenues of the conglomerate had become $81.7 bn. Warren Buffett has been at the helm of affairs since the inception & still remains the current Chairman and CEO. Charlie Munger, who is his best advisor and has been attached since early days to Buffett is the current Vice-Chairman. Analysis After gaining some experience in investing in firms, his first moderately successful venture being the Dempster Mill Manufacturing, Buffett bought Berkshire Hathaway, a textile mill which he was tracking from some years and then started looking out for other investing opportunities from the profits he made. His target over the years was to invest and acquire Insurance firms which would give him the extra cash needed to invest elsewhere. He carried on a spate of acquisitions over the years using the below acquisition criteria: - * Large purchases (at least $75 million of pre-tax earnings) * Demonstrated consistent earning power (sustainability of the business) * Businesses earning good returns on equity...
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...Allocation, Security Selection, and Trading). 2. Understand how different securities fit into an investment management strategy. 3. Exposure to “real-life” trading mechanics of securities. Assignment 1. Design an investment portfolio by first allocating your $100,000 across four asset categories (domestic equities, foreign equities, bonds, and cash) and then choosing which securities you will buy within each asset category. 2. Record your portfolio in the table shown at the bottom of the rules. 3. You must follow certain rules listed below when designing your portfolio. 4. Create an account at StockLinkU by going to the following link: http://trading.stocklinku.com/student/register. Create your student account and pick a username that is not embarrassing since we may review results in class. 5. Register for the class by using the instructor supplied class name and registration code. 6. Implement your portfolio plan by purchasing the securities on your account within our game. 7. You will NOT be graded on your returns or your strategy for this part of the project. Instead you will be graded on how well you followed the rules. Grading will be done at the end of the quarter, but you may show your portfolio to the professor for comments. Rules 1. Asset Allocation Constraints You will choose how much to invest in each asset class (asset allocation) and which securities to buy (security selection)...
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...Table of Contents CROWDFUNDING IN PAKISTAN: WHAT MOTIVATES THE CROWD TO INVEST IN START-UPS? 2 Introduction: 2 Literature Review: 3 Research Methodology: 7 Findings: 8 Conclusion: 10 Works Cited 11 Appendix (interview guide) 12 CROWDFUNDING IN PAKISTAN: WHAT MOTIVATES THE CROWD TO INVEST IN START-UPS? Abdul Munim Khan, SZABIST Karachi, munim-khan777@yahoo.com Rana Muhammad Shoaib Hassan, SZABIST Karachi, shoaib.hassan99@yahoo.com Jawad Amjad, SZABIST Karachi, jawadbukhari51@yahoo.com Abstract Crowdfunding is an increasingly popular source to fund start-up, worldwide. In crowdfunding, a form of crowdsourcing, many crowdfundees collectively fund a start-up by providing parts of the requested funding in prospect of financial returns or social return. While extant research has provided insights into the crowd’s motives for participating in various forms of crowdfunding initiatives, we know little about the motivations that drive the crowd to invest in start-ups via crowdfunding. In literature, there are ongoing calls to investigate this phenomenon since it is expected that motives for investing in start-ups via crowdfunding differ from motives for engaging in other forms of crowdsourcing initiatives. Against this background, this research aims at investigating why crowdfundees fund start-ups. In this research paper we build on related literature to theoretically develop a research model and plan to validate this model with an empirical survey on an equity-based...
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