...next Asian-Pacific head of operation for a multinational corporation. To successfully finish the task at hand and satisfy the expectations of the committee, it is imperative that Saxon uses a criterion that will consider each candidate's strengths and weaknesses. Some of the aspects that Saxon has to consider before delving deep into the results procured by the respective heads of operations include the decision-making the ability of each candidate, the ability of each applicant to solve problems, their communication ability, motivation capacity and their organizational capabilities. In addition to the listed basic requirements of a leader Saxon will also rate the candidates based on the following, strategic fit, financial performance, cultural fit, experience, and future capability. Also, Saxon is required to report the performance of his region if the goal was achieved, where and why the goal was not met. As such, this explores how John Saxon can and will select the best candidate for the job using the various dynamics at hand. Selecting a new leader is not an easy. Before analyzing the suitability of the candidates, it is vital to analyze the results realized by the candidates over the previous. Analyzing these results will illustrate some abilities of the individual that will be suitable for the leadership position. The performance in Japan went according to the committee’s requirement. With the sales increasing by 10% from the previous year while still managing to cut the...
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...leadership philosophies. We must also consider that China is now in the process of blending its tradition, customs and practices with Western concepts and ideas. In the business world, it is the blending of its wisdom and Western practices. Successful leadership behavior of today's more culturally diverse workforce is one of the most important challenges organizations face. CHINA The People's Republic of China today seems to be entering the modern world, coming out of the shadow of the warlords, the 20-year struggle between communism and nationalism, and the Cultural Revolution. Moves are afoot to shift the Chinese economy more toward the market-oriented end of the spectrum. China’s 1978 open door policy initiated rapid economic development, and consequently exposed china to a flood to Western management practices. CHINA 2 China is a country of old and new and one that is in transition. With the rise of China in the global economy, it has never been more important for business leaders to understand Chinese leadership philosophies and practices. Ancient Chinese thinking and Western ideas have shaped the development of leadership styles in China. Leadership theories (paternalistic leadership as practiced by business leaders in Taiwan, Hong Kong, and mainland China), associated with Confucianism, Daoism, Legalism, the Arts of War, and the writings of Mao and Deng are analyzed by both Chinese and Western experts. To set this in a modern business context, top executives, reflect on how...
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...Recommendation and conclusion……………………………………….…………………… 5 * Reference…………………………………………..……………….. 5 Abstract Global market is immensely accumulative now a days, with the vigorous effects of globalization which effecting firms of all breeds to expand the business across the borders. This report is generally bases on the answers to the provided case study of Starbucks growth story and its international expansion plans. Starbucks being the producers of one of finest coffee and premium drink beverages manages its major markets within USA and abroad. The report will accumulate Starbucks potential strategic options with substantial vision of the management to expand business internationally while understanding the escalating aspects of ethical and cultural values which Starbucks owns as an influential organization. Introduction This report is ultimately based on critical analysis and evaluation of the case study provided for one the leading coffee and Beverages Company. With the expanding international business and continued globalization policy of Starbucks, this report will help to comprehend the various International market strategies and options, ethical and cultural values and anticipated problems with the ongoing international expansions of Starbucks Company Identify the controllable and uncontrollable elements: Some controllable elements in any global markets are the product, the price, the place and the...
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...Whole Foods Markets: An Economic Buoy in a Sea of Uncertainty Whole Foods Markets: An Economic Buoy in a Sea of Uncertainty There are many economic factors affecting business today. This is no less apparent in the case of Whole Foods Market Inc (WFM); a leading retailer specializing in natural and organic foods. The economic, social, legal, technological, and competitive forces that affect other companies more directly affect a retailer with high visibility and a niche market such as WFM, yet the firm shows continued performance over competitors and increased profits for shareholders. WFM continues to navigate the market showing gains in profit, a dedication to the consumer, and competitive advantages that allow them to remain a strong competitor in a new and high growth market. WFM shows continual growth in a time of financial instability for many consumers and businesses. The growth plans of WFM have allowed the company to expand extensively over the last 33 years. The New York Times (2013) states, “As of September 25, 2011 Whole Foods Market operated 311 stores in the United States, Canada, and the United Kingdom” (Company Information). WFM has a strong history of growth that continues to be a basis of the company’s strategic plan. Current plans include the opening of 1000 stores in the United States in the coming years. This extensive growth plan can only be supported with a strong economic backing and the support of consumer spending. WFM has shown that they currently...
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...Contrast………………………………………………………………………………………………..8 4.1 Political economy issues…………………………………………………………………………………….8 4.2 Cultural Issues……………………………………………………………………………………………………9 4.3 Entry Strategy…………………………………………………………………………………………………….9 4.4 Strategic Alliance……………………………………………………………………………………………….9 5. Analysis……………………………………………………………………………………………………………………10 6. Conclusion……………………………………………………………………………………………………………….11 7. References……………………………………………………………………………………………………………….12 TITLE: A case of international expansion of two markets and one product. EXECUTIVE SUMMARY Over the years, the nature and dynamics of Guysuco Company’s engagement with the overseas markets have gone through a shift. Overseas expansion and competiveness are increasingly dependent on firm level capabilities rather on its national traditional products. The process of globalization at Guysuco has led to the development of competitive capabilities which has brought about intense partnership and interaction with global corporations. Additionally, the emergence of computer and internet has led to advanced information technology where the world of business has resulted in emergence of new types of businesses and new ways of organizing it. This 21st century has encountered rapid changes in the global economy. Every business will encounter growing pains and unexpected curves when venturing into international markets. Doing business overseas do require a variety of vendors...
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...New Factory Darlene Richardson Global Business Management Jason Britt South University Online October 6, 2015 Opening a New Factory Differences in the Political Economies During the cold war the United States had several rivals which included Chile. Whereas, in Honduras the United States bases were provided so that Nicaraguan rebels could be funded and trained by the U.S. Mexico has never been a major confliction but there have never tried to be a key player when it comes to be a go between with the other nations of Latin America. Recently, the countries of Honduras, Mexico and Chile have become encouraging for the business industry from the U.S. because the political environment has changed. Authorities from the rightwing have lobbied for closer relations with the U.S. Because of such relations it has caused Mexico to become the third largest trading associate of the U. S. However, Mexico and Honduras are dealing with a high crime rate when compared to Chile and Honduras and Mexico have had cases of political intimidation (Kingstone, 2013). The Cultural Barriers Tradition and family values are highly regarded in the Mexican culture. For example, working outside the home in a commercial organization is not as important to women then working in their homes. The children remain at home longer then in the U.S particularly the families that have middle and high incomes. The culture in Honduras has been integrated...
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...entrepreneurial spirit: enterprising spirit, adventure spirit, innovative spirit and social responsibility. Cultivating entrepreneurial spirit can shape the correct social values and create a good environment for the formation of the entrepreneurship. The essay has explained what is entrepreneurship and analysis of this topic. 2. Entrepreneurs Entrepreneurs are those who have innovative and enterprising spirit, and they can organize and utilize economic resources effectively. Usually entrepreneurs dare to take responsibility for business operation, and they have special qualities that create wealth for the enterprise and society. Entrepreneurs can be divided into three types: traditional entrepreneurs, entrepreneurs, and social entrepreneurs. Traditional entrepreneurs have including the creator of private business and outstanding leaders of state-owned business. The former is creating enterprise or make it stronger, and they must assume all operating risk of enterprise. They tend to be the supreme leader of enterprise or have the right of exercise control in the enterprise, and it returns society though pay taxes. The latter have not the ownership of enterprise, and they have made the state-owned enterprise implements a leap-forward development though good team leader. 3. Entrepreneurship The value of entrepreneurship should be an abstract concept. It may be a quality, a thought or an ideology. Entrepreneurship should be the...
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...increase has been immense in just the past 41 years. Following this, the article analyzes the business aspects of higher education, stating that the success of the economy is greatly reliant on the success on students in their schooling. “Workers with more education are more productive, which makes companies more profitable and the overall economy grow faster.” (Adam Davidson, “Is College Tuition Really Too High?”) This is basically saying that without a higher education, the general success of an individual is hindered. Although, this hindered success is largely a result of such previously named cost increases. Tuition has risen faster and higher than inflation has over the years, “the higher the prices that schools charge, the more options they have in recruiting exactly the students they want.” (Adam Davidson, “Is College Tuition Really Too High?”) With seemingly less accessible education though, such as in elite private institutions which are much more costly with lower acceptance rates, higher graduation rates become a result. This is because the students that are granted entrance into these elite schools are more dedicated to their education than the provided statistics of those in public schools concerning the percentage that gradate in four years or graduate at all. “The enormous financial value (and cultural currency) of the product they are selling, an elite credential, is well understood. Nearly everybody admitted to these schools graduates within four years.” (Adam...
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...must know there customers and be able to forecast there future wants and needs. We live in the electronic age and have global access to more choices. Business must stay informed, and interact with the customers on many different levels. One of the ways to engage the customer is through marketing. We can customize any product and target a specific demographic for revenue. The companies will use the different components of the marketing mix to influence customers and gain more market shares. The companies that understand the marking mix will have more customer and greater profits. They are driven by five forces that constitute the external market environment. These forces influence both business and customers in different capacity. Marketing is define as the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational objectives (Griffin and Ebert p.270). Marketing is important in today’s economy to operate a successful business. The customers are more sophisticated and brand specific. We want them to have an emotional attachment toward our product. My organizations goal is to enhance profitability, and improve our corporate image. Our objective is to grow the customer base with knowledgeable people and provide excellent customer service. We have numerous corporations that will spend billions to create memorable marking campaign. Toys “R” Us for example will advertise...
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...Introduction This report focuses on Malaysia. Some of the key issues that I would like to highlight in this forum are: the influence of globalization on International Business Trade for Malaysia, the roles of ASEAN Free Trade Agreement (AFTA) policies for ASEAN trade collaboration and competition, the macro environmental factors that international business should focus upon before launching market expansion, the roles of government in supporting international trade such as Foreign Direct Investment, how government should assist their businesses in competing in global arena either by protectionism or subsidizing, why has International Franchising strategy has work and what are the industries that have utilized this strategy for expansion successfully and why international business executive should pay attention to cultural influence in business negotiation process particularly Malaysia. Influence of globalization Globalization is taking significant role in many nations around the world. All products and services are strongly linked to each other. For example, different parts of computer can be manufacture in different location and assemble in China to save cost. Both developed and developing countries such as Malaysia are cautious of its benefits not only socioeconomically but also geopolitically. Realizing this, Malaysia has started to take initiative in globalization approach in the 21st century. For example, the export of Thai rice and sugar to Malaysia, telecommunication...
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...organization’s culture that employees can easily see or talk about. They supply the signals that employees interpret to gauge how they should act during the workday. An example of observable artifacts of Cisco’s culture is their use of cross-functional teams, councils and boards to enhance innovation and teamwork which lead to faster decision-making. CEO John Chambers uses three words to describe the benefits of this team oriented management system: “speed, skill, and flexibility.” Espoused values of Cisco are a dedication to customer success, innovation and learning, partnerships, collaboration, and doing more with less. Each of these values is continually articulated and reinforced in the mission statement, policies and practices, and culture of the company. Basic assumptions are the taken for granted beliefs and thoughts, and represent the core of organizational culture. being involved in numerous groups makes the company as a whole grow faster and be better ready for the economy. 2. After losing billions of dollars, CEO Chambers changed Cisco from a top-down organization to one that encourages collaboration and teamwork at all levels. Chambers grouped executives into cross-functional teams by combining managers in sales with leaders in engineering hoping that this would lead to faster decision-making. The hierarchical element needed to change in order to right the wrongs and move forward as company. Accepting this change took three years, but as Cisco entered new lines...
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...Title: IBM and The Emerging Cloud-Computing Industry Case Study Analysis Introduction The character of a company -- the stamp it puts on its products, services and the marketplace -is shaped and defined over time. It evolves. It deepens. It is expressed in an ever-changing corporate culture, in transformational strategies, and in new and compelling offerings for customers. Those are the words that start the chronological history on the IBM website [1]. I couldn’t agree anymore with that statement. I am often very fascinated by the evolvement of technology stories I get to hear quiet often from my fellow senior coworkers. One of the stories I enjoy is about the large IBM370 computer my workplace once owned in 1970’s. From my understanding it occupied a whole room and it required several people to operate. That was less than a half century ago. Today the smart phone’s memory is much higher than that computer. For my time what I could relate to, is the floppy disk which of course is obsolete today. I am sure my kids will be fascinated by the floppy disk someday just like I get fascinated by circular slide rule that predated the calculator era. In place of floppy disks or another external memory, in the cyber world today, cloud computing is taking place of all those external memories. IBM website defines Cloud computing as, the delivery of on-demand computing resources everything from applications to data centers over the Internet on a pay-for-use basis [1]. Background...
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...Good customer service is the life of any business. Promotions and slashing of prices bring in new customers, but unless you can get some of those customers to come back, your business will not be profitable. The mission of Southwest Airlines is dedication to the highest quality of customer service delivered with a sense of warmth, friendliness, individual pride and company spirit (www.southwest.com). Their competitor Delta Airlines simply states, “We Delta's employees, customers, and community partners—together form a force for positive local and global change, dedicated to bettering standards of living and the environment where we and our customers live and work.” We are Delta's Force for Global Good. Give more than expected. Since the future of all companies lies in keeping customers happy, both companies think of ways to elevate their business above the competition. Determine how each corporate culture differs from the other. Southwest Airlines, base their model on the motto, which states "If they're happy, satisfied, dedicated, and energetic, they'll take real good care of the customers. When the customers are happy, they come back. And that makes the shareholders happy," Southwest has very good relations with all their employees. Southwest Airlines' success is primarily because they have focused sharply on their goals. This is evident by their no-frills, low-cost model: their goal is to provide the cheapest form of short air travel between two cities; providing the bare...
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...clients with business solutions requiring advanced computing power and storage capabilities. Global Financing invests in financing assets, leverages with debt and manages the associated risks. The company was founded in 1911 as the Computing Tabulating Recording Company Computing (CTR) through a merger of three companies: the Tabulated Machine Company, the International Time Recording and the Computing Scale Company. CTR adopted the name International Business Machines in 1924.In 2012, Fortune ranked IBM the #2 largest U.S. firm in terms of number of employees (433,362), the #4 largest in terms of market capitalization, the #9 most profitable, and the #19 largest firm in terms of revenue. In December 2012, it acquired Kenexa. In February 2013, it acquired StoredIQ Technology advancements have forever changed the way business is done, and opened new opportunities to reach markets and advance enterprise capabilities. Internet use skyrocketed 380 percent between December 2000 and September 2009, to reach more than 25 percent of the world’s population – and the numbers keep rising worldwide. Along with unprecedented technological capabilities are global economic shifts. Over the prior decade, more than 50% of...
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...and Antiques Market: Coursework 2 The Classical Chinese Art Fund Content Page 1. The Classical Chinese Art Fund 1.1. What is the Classical Chinese Art Fund? 1.2. Investment Profile of the Fund 1.3. Rationale: The China Factor 1.4. Investment Approach and Strategies 1.4.1. Growth Strategies 1.4.2. Risk Management Strategies 2. Market Analysis 2.1. Art Segmentation 2.1.1. Chinese Calligraphy 2.1.2. Chinese Paintings 2.2. Major Players 2.3. Demand and Supply Analysis 3. Role of Public Institutions and Regulatory Policies 4. The External Competitive Environment 4.1. Correlation between Chosen Sector and other forms of Investment 4.1.1. General Outlook of the Art Fund 4.1.2. Comparative Analysis of the Fund and Other Art Investment Funds 5. Prospective Investment Portfolio of Art Works 6. Conclusion • Appendix The Classical Chinese Art Fund FR3208 Arts and Antiques Market: Coursework 3 The Classical Chinese Art Fund 1. The Classical Chinese Art Fund 1.1. What is the Classical Chinese Art Fund? The Classical Chinese Art Fund is an investment fund approach that capitalizes on the valuable asset class of Classical Chinese Art, specifically Chinese paintings and calligraphy art pieces. Chinese paintings and calligraphy art works are considered one of the highest forms of art1 in the Chinese cultural heritage with ...
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