...1. What are the problems and or causations this firm and management team are facing at the time of the case? The problem that the company has at this moment is to decide whether to tackle the international market or concentrate in the Turkish market. Turkey in that specific moment was in an unstable economic situation with high inflation (80%) and political uncertainties. The most important issue that Koc is that Turkey was in the process of joining the European Community what implied a progressive reduction to zero tariffs that is concluded in the time of the case. Before this reduction, tariffs between 40-55% where basically protecting the market from foreign competitors. After the elimination of tariffs, is expected that imports of appliances arrive from Western Europe with more competitive prices than ever. The case states that the tariff cuts to zero has rocketed imports, and is expected a sustainable penetration rate of 5% of refrigerators, 10% for washing machines and 15% for dishwashers. Other important issue that the company is facing is the arrival of new competitors especially from Bosch-Siemens which recently bought Arceliks main competitor, Peg Profilo, which enjoyed a substantial market share. This is a situation that arises from the opening of the Turkish market to the rest of the EC. From inside the company, it is stated by the end of the case that the “Capacity is tight” and the demand for appliances in Turkey might commit almost all of the capacity...
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...farm consultant for Free Range Foods, an American organic dairy farm. Ellen will attempt to persuade a consortium of business leaders that her agribusiness company is best-suited for the five year, five million dollar contract to provide organic dairy farm products to local school systems in Tokyo. This is Free Range Food’s first attempt to compete on the international landscape. Since the local school systems contract begins in one year, Free Range Food must determine if their company can compete globally while simultaneously maintaining its eco-friendly business operations. Thomas L. Friedman, in The Lexus and the Olive Tree, explains globalization as a movement that enables individuals, corporations, and countries to reach around the globe farther, faster, deeper, and cheaper than ever before. Due to more accepting international trade laws and modern advances in technology business globalization is becoming more common and some will argue a necessary component to sustaining one’s business. This script will discuss four elements Free Range Foods must consider when deciding to whether to go global: 1-analyze the pros/cons of how at least two globalization strategies might apply to their decision 2-identify the factors to be reviewed before going global 3-make a recommendation on operational restructuring to make its operations global 4-state whether and how to manage its “eco-friendly” operations internationally Can anyone identify an example of globalization in the...
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...International Marketing Prof. Bohumir Štědroň Nov. 27th, 2014 Ashley Wouters Charles University Table of Contents I. II. Importance in Belgium ......................................................... 1 History ............................................................................ 1 III. Organisation ...................................................................... 1 IV. Sponsors and partners .......................................................... 2 V. Marketing efforts ................................................................ 3 VI. The competition ................................................................. 3 VII. Economic and financial structure ............................................. 4 VIII. Distribution of revenues ........................................................ 7 IX. International financial comparison ........................................... 8 X. Case study ....................................................................... 12 XI. Bibliography ..................................................................... 18 List of figures Figure Figure Figure Figure Figure Figure Figure Figure Figure Figure Figure Figure 1 - First division ........................................................................ 3 2 - Market value of the Jupiler Pro League......................................... 6 3 - Evolution...
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...The worldwide whaling commission's conviction is the safeguarding and preservation of whales and in addition the best possible administration of whaling, so far there are 88 nations or governments included in protecting the whale populous through IWC. (International whaling commission, 2013). Though International Whaling commission presented a ban on business whaling, the confirmation proposes that there is an increment in the quantity of whale...
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...can't find the guts to go through it alone. Well then they ask for assistance. This is called assisted suicide. Assisted suicide or in other words euthanasia is the killing by an act of an independent human being for their own benefit. There are many kinds of definitions that one must argue the fact of, what is euthanasia. Well you would have to keep reading farther on. Euthanasia can either be voluntary or non voluntary, when it then becomes murder. But what it is not is that it's not euthanasia unless the death is intentionally. It is not medical actions or withdrawing treatment. But in this essay I will give you the most frequent pros and cons of this issue. My view is that there should be allowed assisted suicide. As many people might know is that many people are against euthanasia than most others. Some examples of people being against it would be that it demeans the value of human life, which the human life could have many different views as people understand the concept of actually doing it. Anyway, in many cases, many religions do not allow the potential suicide and the killing of others. Also it would violate the Hippocratic doctors oath. Some people also believe that someday a miracle might actually happen. Lastly people think that doctors are given too much power, and by some miracle might be wrong or unethical. Also people think that assisted suicide could be mandated for economic reasons. Wesley J. Smith, a consultant for the International Task Force on Euthanasia...
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...Joint Venture The globalization strategy our team is going to explore for Moonglow is Joint venture. We are going to discuss the pros and cons to a joint venture along with some environmental factors that Moonglow needs to consider before deciding on a location. We are also going to explore different organization structures and give a recommendation on how to restructure Moonglow to succeed in the global market. Lastly, we will describe ways Moonglow can expand internationally while maintaining its eco-friendly practices and continue producing organic products. According to Jones (2011) a joint ventures is a “strategic alliance among two or more organizations that agree to establish and share the ownership jointly of a new business” (p. 342). Joint ventures are formal and bounded by a legal agreement with all parties’ rights and responsibilities spelled out. Joint ventures are considered one of the best methods for entering into foreign markets. As with any business venture, there are pros and cons that need to be considered (Jones, 2011). Many foreign markets have the potential to be closed to outside companies. Joint ventures make entering into closed markets easier. The pros to entering into a joint venture are access to limited capital resources, transfer of technology, bypass of legal restrictions, access to raw material, knowledge of regulatory climate, and investment incentives (Hall, 1984). In a joint venture, Moonglow will gain...
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...products from the North Atlantic right whale. About 31,984 whales have been killed since 1986 (World Wildlife Federation, 2015). International Whaling Commission embraced a ban on commercial whaling in 1982. Commercial whaling is banned however a couple of nations particularly Japan, Iceland and Norway still chase whales for scientific exploration purposes. Despite the moratorium on commercial whaling, the number of whales harvested per year has doubled in number and Japan alone accounts for about 50% of the whaling (Costello, Gaines & Gerber, 2012). How/Why does it affect the common good? The common good proposes that life, as a whole is valuable and shouldn't be seen unevenly and in this manner life itself is deserving of assurance and appreciation. Likewise common good discloses that for us to prosper as humans we have to have respect forever regardless of how little, we ought to all add to the benefit of our group and surroundings, whaling additionally influences the common good in light of the fact that whales are God's animals and shouldn't be slaughtered discriminately, rather we ought to take care of God's creation. Common good also states that we need to have dignity towards every other life form of our community that we live in so we can flourish as human beings. Perspective One: Pro-Whaling Nations: Japan Pro-Whaling Nations like Japan, Norway and Iceland persists on commercial whaling as an excuse to research and preservation of their culture...
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...countries such as Afghanistan is doing more harm than good, and it should be discontinued; the practice has caused Afghanistan countries to become vulnerable to inflation, currency fluctuations, corruption, and civil unrest. I've learned that proper education, government control, and environmental development would help the poor become more prosperous and independent. I feel that this practice is a lot more beneficial than sending over government aid. Although there are some pros I feel that the cons may out weigh the pros in this particular situation. In this paper I'm going to attempt to give examples of how foriegn aid has both hindered and helped the government in Afghanistan make a turnaround, however some of the aspects may not look so good in the future. Also I will discuss the influences both negative and postive the government has on foreign aid and corruption. Right now the Afghan economy is in a very vulnerable state because they have been at war for almost 35 years. Afghanistan is about to go into an uphill battle because they have several factors that are heavy impactors that are affecting the country. For example their are still many political and security uncertainties. Their was also a presidential election that took place back in April of 2014. Their is a very vast amount of corruption in the government as well as bad governance all together. However in light of these little pitfalls the economy as well as the security have improved somewhat in Afghanistan....
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...Harmonization of Accounting Standards Week 2: Harmonization of Accounting Standards - You Decide Dear Mr. Herb, Our Company is facing the issue of whether to adopt IFRS or continue reporting under domestic GAAP. Before making the final decision we need to review and discuss the pros and cons of such a transition. “The use IFRS as a universal financial reporting language is gaining momentum across the globe. Adopting IFRS is going to be very challenging but at the same time could also be rewarding” (индус). Being principles-based, IFRS allows more leeway in how companies can portray their financial performance (news). Moreover, you are right that IFRS will save money. As more companies go global, they won't have to spend money doing two sets of books. The adoption of IFRS will result in better quality of financial reporting due to consistent application of accounting principles and improvement in reliability of financial statements which will finally increase trust and reliance placed by investors and other stakeholders in the Company’s financial statements (indus). IFRS will also make cross-border investments easier. “Better access to and reduction in the cost of capital raised from global capital markets since IFRS are now accepted as a financial reporting framework” (indus). A recent decision by the US Securities and Exchange Commission permits foreign companies listed in the US to present financial statements in accordance with IFRS. This means that such companies...
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...IWhat is International Marketing? Marketing a product or service across national boundaries in order to satisfy the needs of customers and the objectives of the organization. Different Terms: Multidomestic marketing: adapting product and marketing programs to each foreign market independently. Global marketing: marketing activities in multiple country markets are coordinated and integrated. Foreign marketing: loosely refers to marketing a product in a market outside the home market. International Marketing Environments Global Economic Environment Cultural Environment International Marketing Global Competitive Environment Political/Regulatory Environment Systems Global Systems Global Financial Systems International Monetary Systems and Foreign Exchange Market Global/regional Trading Systems (WTO, EU, NAFTA, ASEAN,...) Importance of International Marketing • • • • World trade has risen from $2 trillion to $18 trillion in last three decades. International trade grows twice as fast as domestic trade. Global marketing is a “must” for firms to achieve sustained growth. Marketing success will be defined on a global scale. Domestic and International Trade Growth Percentage of Growth 12% 10% 8% 6% 4% 2% 0% Year International Trade Domestic Trade Financial Statistics Yearbook Source: International 2011, International Monetary Fund, Washington D. C. Uniqueness...
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...both have sponsors, are known by many, and get paid hundreds of thousands of dollars for playing their sport or game exceptionally well. The similarity that makes professional athletes and professional gamers most alike is that both require an incredible amount of skill and dedication. Not any average person can pick up a video game controller and play at the level of a top pro gamer just like not any average person can pick up a basketball and be the next Michael Jordan. People argue that gamers don’t work as hard, but they have to put just as many hours of work that traditional athletes put in training. Some athletes push their body to the utmost limit and put out tons of work controlling and improving their diet. So playing a video game for hours a day equates to completely changing your diet and hours of rigorous physical training? No, it does not, but we are not comparing the sports, just like golf doesn’t require as much physical abilities and intense physical training as soccer does. Every sport is different, but they all require lots of dedication and skill. Critics of professional gamers even go to far as say professional gamers are video game addicts for playing as much as they do to prepare for a gaming tournament, but would they call Michael Phelps and addict for swimming as much as...
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...Lindsay Hartman Lynn McClelland ENG 101 29 February 2016 Online vs. Traditional Education During the final year of high school, the pressure of going to college is at its peak. Drilling into our heads that, college is the best route to go after high school if we want to have a “bright” future. No doubt majority of students go to college directly after, but some end up waiting to go later on. Fortunately, there are other options available today for those who had to wait to go. Online schooling, the ability to get a higher education online, without the traditional classroom setting. Now the burning question, just how much better is online learning anyway? There are many factors in determining whether the online route or the traditional way is better. Things like the cost of education, the academic performance of students, or the environment you wish to learn. Let’s dig a bit deeper to find out just what the facts will prove! The thing today that most people think about before making their decision about which way to go, is the environment that would best suite their current life situations. For instance, “students who freely choose online classes may have different characteristics, like they may be older, or have children, or are employed full time” (Dr. Stack 2015 Learning outcomes in an online vs traditional course pa.9). It is this flexibility that makes it possible for people with these characteristics to get a higher education. Just think about it, if you...
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...all entrepreneurs, and gradually had to go looking for alternative ways to take their businesses forward. The following paper will analyze the basics that can help or hurt a company in order to become internationally succesfull, and also remark the keys to business survival with the aim of expanding its presence in emerging markets. exporting licensing joint venture equity stake/acquisition EXPORTING Pros: In developing countries it is necessary to reach an international level of quality, to upgrade machinery, raw materials and processes, based on imports needed for export. In countries with higher manufacturing costs, probably out cheaper to import than produce, thus becoming resellers, from manufacturers to retailers. In countries with free trade treaties gradual reduction of import taxes to zero, lower the cost of international purchases. Cons: Buy in another country reduces income country where the entrepreneur. Symptoms of economic problems as higher imports than exports, reduce sources of employment, output and cause national currency is exchanged for foreign currency. Imports are always implicit risk of increase in the price of foreign currency. Businesses tied to increased foreign currency for imports which are their main source of income, should contract hedging or futures brokerage firms in order to protect themselves. Imports, in high degree, dependent on the entrepreneur make international purchases. Any reliance weakens the company...
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...The Pros of Advertising Food on Television There are several advantages to advertising on television. One of the main ones and the most obvious is visual. You cannot do this on the radio. You can advertise anything on television simply by having an ad run continuously even on just one station. With visuals, people can actually see what they are buying which is one of the main keys to selling your product. You can add audio if you choose too or play audio from the product if that is the type of product you are advertising. It is much easier to get your point across in television add than a radio add. Within the first few seconds of a commercial, you already know if you want to buy the product or not because they will throw everything they have at you within the first 10 seconds. The rest of the commercial is just icing on the cake. Depending on what you are advertising, you have many channels at your disposal. If you are advertising something sports related, you may want to run ads on ESPN, Fox Sports, NBA TV, NFL Network and so on and so forth. If you are advertising something music related, you may want to run ads on BET, MTV, VH1, and channels like those. If you are advertising something to do with cooking, you have a myriad of cooking channels to choose from. The list goes on and on. There is probably a station or two that specializes in whatever you are advertising. If for some reason you cannot get your ad onto one of those major networks, you can go the local...
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...talented and quickly picked up the game. The US Junior National 16 and Under Racquetball Championship was won by Cliff Swain in 1983. Then in 1984 the Orange Bowl World 18 and Under Junior Racquetball Championship was won by Swain. Swain later went on to Providence College in 1984 where he was on the racquetball team before turning professional. The most tournament wins in professional racquetball can be accredited to Cliff Swain. In the 1980s continued onto the 2000s, he began playing the pro tour International Racquetball Tour (IRT). The left-handed Swain was a dominant player in the 1990s known for his great drive serve and on court intensity, finishing as the #1 IRT player in 5 seasons during that decade. In 2003, Swain was inducted into the USA Racquetball Hall of fame. Following the 2006-07 season Swain retired from the IRT, but did play some tournaments in the 2008-09 IRT season. Also in the 2008-09 seasons he also played on the Classic Pro Racquetball Tour (CPRT) for former pro players over 40. Swain has played 265 tournaments which are more than any other player and his 71 IRT tournament wins is more than any other IRT player. His two US Open Racquetball Championships in 1997 and 2001 are Swain’s career highlights. Swain was the season end #1 IRT player 6 times: 1990, 1993-95, 1998 and 2002. In 1985 Swain won his first profesional racquetball title at the Tulsa Open in Tulsa, Oklahoma. In his first season on tour, Swain went on to win the 1985 Ektelon National...
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