...Ireland: The Place to Grow your Business Tom Cain Indiana Wesleyan University ADM 549 January 22, 2013 Rick Saint-Blancard Abstract Relations between the United States and Ireland have historically been based on shared values and common ancestral ties. Emigration has been a foundation of the U.S.-Irish relationship. Besides consistent dialogue on economic and political issues, the United States and the Irish Governments have official exchanges in areas such as education and medical research. With Ireland's membership in the European Union, discussions of EU trade and economic policies as well as other aspects of EU policy have also become key elements in the U.S.-Irish relationship. This long-term relationship, some cultural similarities and a strong educated workforce makes Ireland a good place to go international with a U.S. based business. Ireland Ireland is a nation emerging as a great place for the United States to conduct business. The relationship of the United States and Ireland are deeply based on shared values and common ancestral ties. These ties help breakdown communication issues that could occur in other dissimilar countries when trying to negotiate business. In addition to shared values, these two countries have similar cultures, as well as similar needs and wants in relation to consumer purchasing history, which makes the exchange of business easier, more lucrative and less risky. Economic Overview Ireland is a small, modern, trade-dependent...
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...When choosing to expand business with a different country you must look at many factors of the country chosen for this expansion. For the purpose of this assignment I have chosen to do business with Ireland. I researched the country’s economic, political, educational, family and marital systems in order to make the best choices for my company. The government in Ireland is a parliamentary democracy. A parliamentary democracy is a government where the party or parties with the highest representation in parliament form the government making the leader the prime minister or chancellor. They also have 114 local authorities that provide other services such as transportation and education. (Irish eu presidency, Irish politics and government: Irish political system. (n.d.)) Ireland has a fast growing economic system however the public debt to GDP remains high. With a population of 4.6 billion people the unemployment rate is only at 11.6% which in my opinion is low. (Ireland economy: population, gdp, inflation, business, trade, fdi corruption. (n.d.). This country is highly influenced by Catholic morality. In 2002 88.4% of the population identified as Roman Catholic. It is because of these beliefs that you won’t see a lot of women in the work force. (Traditionandvalues. (n.d.)) The social interactions within this country are one of informality. This is something to look at when you look in to doing business with people from this country. First names are often adopted very...
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...The Irish Economy The Celtic Tiger years were very exciting and prosperous for those who resided in Ireland. There were lots of investments being made, people were very care free about where they put their money as long as there was some sort of short-term profit available. Employment was up from 1.1 million to 1.9 million jobs available, population increased by 15% from 1996 to 2005 and unemployment was at a mere 4.4%. One of the most astounding statistics was that Ireland’s GDP was the second highest per capita in the European Union, during the times of the Celtic Tiger (Dorgan 2006). All seemed as if Ireland was the first success story of the creation of the Eurozone until the crash. After the creation of the Eurozone, the goal was to help struggling economies to use the power of the Eurozone to create growth and during the Celtic Tiger years it seemed to be working. However, the Eurozone was not doing its job of overseeing the activities of the country of Ireland and let it slip through the cracks. After the crash, unemployment soared which was caused by the huge loss of jobs in the construction market and young workers began leaving Ireland again in hopes of finding jobs. As a result, private debt was high and people lost trust in Irish Banks. Any hope of growth in the Irish economy was lost due to high percentages of debt in all sectors including households, financial and non-financial institutions, and within the government. Along with a complete loss of trust in the actions...
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...INTRODUCTION Information Technology (IT) outsourcing is the contracting out of part or all of an organization's IT activities (Duarte & Snyder, 2006). Global Tech Corporation is an Information Technology (IT) outsourcing firm that provides help desk and customer support functions. Global Tech specializes in taking the work that other companies do not have the resources to complete on their own and helps them to get the jobs completed. Product deliverables include software consulting, website design and maintenance, e-mail servers, help desk and customer support functions. The company is headquartered in the United States, and has four branch offices in China, India, Philippines and Ireland. In order for Global Tech Corporation to function profitably all over the world the company must learn what the cultural barriers are in each country they have an office located, what leadership barriers there are and what leadership styles would work best in each country. The following will discuss how Global Tech has overcome cultural barriers, the organizational makeup, leadership styles, and production of the corporation. ORGANIZATIONAL DESCRIPTON When entering the corporate world in the 21st century it is important to realize that we are at an incredibly turbulent part in history. The world is experiencing natural disasters, wars, terrorism, approaching limits on natural resources. It is not an easy time to enter the global landscape and try to be a competitive company; however...
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...Assignment: Business Ethics across Cultures Article Review Edward Tavarez Xmtg/216 March 20, 2011 Elaine T. McCarty Edward Tavarez Xmtg/216 March 20, 2011 Elaine T. McCarty Assignment: Business Ethics across Cultures Article Review Ethics and social responsibility have become a standard in everyday business of a company. Companies around the world have made these points the main focus. Companies here and overseas that promote good moral principles can expect to gain the respect of the communities, customers, and the country they have set their business in. It is when a business does not have a sound plan in ethics; things could and have gone badly for companies in a foreign land, often viewed as monsters. These companies will not have any type of support or trust from the foreign government, customers nor the surrounding communities. A company with high moral principles that are looked at as pioneers in a new land can pave the way for future companies coming in. “One example of businesses coming into new territories is found in an article written by Sheppard, G. (2010).” In this book, he discusses strategies that businesses used in Ireland. His information comes from a company that he researched called Haulier Cargocare; the director of this company states the importance of an incoming business from another country to comply with the rules and regulations of Ireland, including not breaking laws and upholding ethical behaviors. It...
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...long-standing strategic investor who works meticulously to expand their business. They are also the largest listed company in the Singapore stock exchange (info.singtel.com, 2014). SingTel manages many offices throughout Asia pacific, such as Indonesia, Thailand, the Philippines and Australia in order to meet the demands of multinational corporations. Presently, SingTel spearheads development of telecommunications (telcos) products for the local digital consumer and enterprise market (info.singtel.com, 2014). This management report analyses SingTel based on its general environment (PESTEL), followed by its competitive environment (Porter’s Five Forces), its internal environment, and then the SWOT analysis. After thorough analysis, the report will talk about how SingTel can be further diversified and lastly, the conclusion summarizes the main points. 2. Discussion 2.1 General Environment Analysis (PESTEL) PESTEL analysis is a set of conditions in which companies use to examine whether the PESTEL factors can affect the company (Hitt, Ireland & Hoskisson, 2007). 2.1.1 Economic factors are a set of conditions that will affect the economy and show how a company will compete in it (Hitt, Ireland & Hoskisson, 2007). When the economy is in boom, consumers tend to spend more (Tham, 2014). Globalization has perpetuated and improved the ease of communication for the trade and business industry. This has largely increased the usage of telco devices and services...
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...Type of Business Page 4 Organisational Structure Page 6 Human Resource Department Page 7 Communications Page 9 Management Page 12 Operating Environment Page 14 Conclusion Page 15 Bibliography Services and Type of Business Tesco is a grocery market and operates in over a dozen countries. Tesco operates supermarkets under the brand “Tesco” as well as bigger shops called “Tesco Extra”. It also has smaller shops known as “Tesco Express”. Tesco products include groceries, music, video games, electrical goods, clothing, children’s toys and even has its own mobile phone company. It has over 13,500 employees in the Republic of Ireland. It is now the grocery market leader in the Republic of Ireland. Tesco is a private company limited by shares. This means that the company has shareholders. There are many advantages and disadvantages to a private limited company. Advantages: * Limited Liability If company has financial issues, the shareholders are not personally liable for anything, i.e. they do not have to sell any personal assets. * Finance is easier to generate. * A private limited company has strong and structured procedure to resolve any disputes between the shareholders of the company. Disadvantages: * A lot more costs (administration costs) * Public disclosure of company information * Directors of the company have to comply with legal standards of care in conducting business. * All...
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...Date of submission Distinctive competence refers to a set of actions or capabilities that a firm is capable of doing well compared to its opponents and which offers it an advantage over the competitors. Distinctive competence is that which is unique that is done well by a firm and sets the firm different from the competitors (KOZAMI, 2010). Distinctive competence describes that unique or exceptional feature of an organization that its competitors does not possess .Distinctive competence is of many forms. This could be strong brands, skills, and patents Distinctive competence lies in various areas that include marketing activities that are unique and technology. A company requires developing strategy that uses distinctive competence to have the competitive advantage over the competitors. Distinctive competence of a company changes with time as other firms develop new capabilities. Distinctive competence also changes with market needs. Companies need to recognize their distinctive competence by cautious analysis (KOZAMI, 2010). There are many aspects that make distinctive competence. The aspects may be a function of a marketplace, design service the company supplies or its quality and higher service. Recognizing competitive advantage establishes the procedure for leveraging of resources and the determining the best circumstances in exploring business development options. For example, imaging is the distinctive competence of the Kodak. Kodak’s understanding of imaging...
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...Background. Glencore had been a trading company since their early years with the name of Marc Rich & Co. Glencore, was founded by March Rich; Rich was a consummate dealmaker, doing business with the entire world no matter their country background (fascist or communists). Moreover, Marc Rich always tried to get the cheapest price with his Middle Eastern contacts. His most important clients were embargoed nations like Israel and South Africa. In 1983, the US government indicted Rich on charges of illegal trading and tax evasion. After different issues and in the sake of create a better reputation the company – Marc Rich & Co. - rebranded itself as Glencore. (Hitt, Ireland & Hoskisson, 2013). Furthermore, one of the Glencore’s practices, is to get cheap tier 2 assets from doing business in developing countries considered high-risk by others rather than developing on its own. In 2002, Glasenberg become the CEO of the company.(Hitt, Ireland & Hoskisson, 2013). On the other hand Xstrata, is a multinational mining company. It is a major producer of coal, copper nickel, and zinc. It has operations in 19 countries, across Africa, Asia, Australia, Europe, North America, and South America and Mick Davis had been its CEO that had transformed Xstrata from a nearly bankrupt firm into a billion international giant. (Hitt, Ireland &...
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...this project are China, Ireland, and Argentina. Cross Cultural Communication | Country | Preferred communication style | Non-verbal communication practices | Business communication norms | Strategies to increase cross-cultural communication | China | In China, there are several languages and dialects, the most important are Mandarin and Cantonese, most of business people speak at least some English (Katz, 2008).Chinese is a family of closely related but mutually unintelligible languages. These languages are known variously as f¨¡ngy¨¢n (regional languages), dialects of Chinese or varieties of Chinese. In all over 1.2 billion people speak one or more varieties of Chinese. All varieties of Chinese belong to the Sino-Tibetan family of languages and each one has its own dialects and sub-dialects, which are more or less mutually intelligible (Kwintessential Ltd, 2010 ). | The Chinese converse while standing around three feet apart, gestures are usually very subtle, it is advisable to restrict the body language; non verbal communication is very important, touching , crossing legs should be avoid, and hand gestures while speaking can distract the audience, eye contact should be infrequent but is important while meeting for the first time (Katz, 2008). | The Chinese don't like doing business with companies they don't know. Before arriving in China send materials that describe the company, its history, and literature about products and services. Business relationships are built...
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...main slogan consists of ‘The Best Built Cars in The World’ despite having numerous recalls over the past number of years. This really appealed to us and we wanted to see how the recalls have effected potential customers of Toyota cars in Ireland. Toyota spent 33 days as the no.1 news story worldwide (24/7 wall st). We hope to learn if this negative news coverage has effected Toyotas market share in Ireland, along with Ireland’s overall view of Toyota as a brand. With this, we want to research new cars sales in Ireland over the past number of years and in particular around the months of February and March 2009 when the recalls for Toyotas reached their peak (Cole). With the large number of recalls, we also want to investigate if Toyota have changed their production practices and quality checks to prevent these large scale recalls from happening once again. Traditionally, this company had an essence of quality about its brand (Toyota-global.com) in Ireland and we want to see what Toyota Ireland is currently doing to reassure their target market that the recalls were a mere blip in the company’s overall history and Toyota are still reliable as they ever were. Along with new car sales, we also want to research the second-hand car market in Ireland and see what is Toyota’s market place is there. We felt this is important because a significant number of cars are bought and sold in the second hand car market, and we thought it would help in answering our research question. Toyotas brand...
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...friends, the way we learn and the way we do business. In Ireland, the Telecommunication industry is regulated by the Commission for Communications Regulations (Comreg), which is responsible for the regulation of the telecommunications, broadcasting and postal markets, based on the EU regulatory framework. (The contribution of Telecommunications to the Irish Economy, 2005). Currently, the major players in the Irish Telecommunication industry are Vodafone, Eir, Sky, Three Group and Virgin Media. This report will focus on Three Ireland. In order to analyse Three Group in Ireland and give future recommendations to the company, we have started from an external analysis of the Irish Telecommunication Industry. In doing so, we have used tools such as PESTEL analysis and Porter’s Five Forces that allowed us to better understand the environment in which the company operates. We have then focused on the internal strengths and weaknesses of the company by conducting a SWOT analysis. Finally, we have identified areas in which the company should focus in the future in order to keep its competitiveness. According to their website, Three is Ireland’s largest high speed network and fastest growing mobile operator. Launched in 2005, Three was Ireland’s fourth mobile network operator behind Vodafone, O2 and Meteor. To date it has invested almost €2 billion in building Irish business and in July 2014, it completed a deal to purchase O2 in Ireland. Three is now Ireland’s second largest mobile...
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...Macroeconomics Term Paper: Wells Fargo in Ireland | | | | | | Wells Fargo was founded in 1852 by Henry Wells and William G. Fargo and opened for business in the gold rush port of San Francisco. Wells Fargo offered banking (buying gold and selling paper bank drafts as good as gold) and express delivery of the gold and anything else valuable. By the 1860s, Wells Fargo earned everlasting fame and its corporate symbol, the stagecoach. In 1888, Wells Fargo became the country’s first nationwide express company. By 1918, Wells Fargo was part of 10,000 communities across the country, however that year the federal government took over the nation’s express network as part of its effort in the First World War and Wells Fargo was left with just one bank in San Francisco eventually expanding in 1923 to two banking halls. In the 1980s, Wells Fargo expanded into a statewide bank, became the seventh largest bank in the nation, and launched its online service. In the 1990s, Wells Fargo returned to its historic territory throughout the Western, Midwestern and Eastern states. Today, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. According to Forbes.com, as of May 2013 Wells Fargo’s market cap was $201.35 billion. Wells...
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...Country Cultural Practice Project of the Republic of Ireland MGT 604 Administrations, Globalization, & Multiculturalism Submitted by: Johnny D. Clark Project Instructor: Dr. Scott 14 Aug 2015 Executive Summary The Republic of Ireland consists of twenty-six counties and is located on the island of Ireland, along with Northern Ireland. Ireland is a parliamentary democracy, made up of three branches of government: the executive branch, the legislative branch and the judicial branch. The executive branch consists of the President, who is mostly there for ceremonial purposes, the Prime Minister, who is the head of the government, and the Deputy Prime Minister. The legislative branch consists of the House of Representatives and the Senate and the Judicial Branch consists of the Chief Justice and seven other judges. This paper goes over a brief look into the Republic of Ireland’s history, economy, their culture, and their business culture. In regards to their business culture, it offers advice into how to appropriately conduct business with Irish men and women. Country Analysis of the Republic of Ireland History Located to the west of Great Britain, sits the island of Ireland. The island is about 32,000 sq. mi. and is comprised of the Republic of Ireland and Northern Ireland, which is part of the United Kingdom (Holwell, 2001, para.2). The Republic of Ireland, which “occupies almost 85% of the total land-mass,” consists of twenty-six counties (Holwell...
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...Co. Tipperary. Aims My Aim is to explore and analyse the internal workings of the company and to look at external factors affecting it, and in doing so to make the reader more aware of how the company is an integral part of the Local community of Clonmel. Objectives and Methodology The primary data was collected using my contacts and work colleagues and by observation. Secondary sources of information such as the company’s website were also used. History, Size, Ownership and Services Provided Commercial cider production started in Clonmel in the 1930s, by local man William Magner. Dowd's Lane in Clonmel was the original location of this Buisness. Mr Magner quickly established a successful business and, in 1937, he joined forces with the English cider-makers H.P. Bulmer and Co of Hereford, securing the rights to the Bulmers brand name in the Republic of Ireland. In 1946, Mr. Magner withdrew from the business and in 1949 the Bulmers name came to the fore. Today, Bulmers Ltd is a formidable Irish company. Cider production has been moved to state of the art production facilities at Annerville, on the outskirts Clonmel. The company currently employs over 250 people and is a substantial part of the economic infrastructure of the community of Clonmel. It continues to own the trade mark Bulmers® in the Republic of Ireland but it is no longer connected with HP Bulmer Ltd of Hereford, UK. Bulmers Ltd is now part of the C&C Group, which also owns the Tennent’s beer brands...
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