Premium Essay

Meh Business Management

In: Other Topics

Submitted By fuckthis
Words 8280
Pages 34
International Trade Theory
Chapter Outline

OPENING CASE: The Ecuadorian Rose Industry

INTRODUCTION

AN OVERVIEW OF TRADE THEORY

The Benefits of Trade The Pattern of International Trade Trade Theory and Government Policy

MERCANTILISM

Country Focus: Is China a Neo-Mercantilist Nation?

ABSOLUTE ADVANTAGE

COMPARATIVE ADVANTAGE

The Gains from Trade Qualifications and Assumptions Extensions of the Ricardian Model Country Focus: Moving U.S. White Collar Jobs Offshore

HECKSCHER-OHLIN THEORY

The Leontief Paradox

THE PRODUCT LIFE CYCLE THEORY

Evaluating the Product Life Cycle Theory

NEW TRADE THEORY

Increasing Product Variety and Reducing Costs Economies of Scale, First Mover Advantages and the Pattern of Trade Implications of New Trade Theory

NATIONAL COMPETITIVE ADVANTAGE: PORTER’S DIAMOND

Factor Endowments Demand Conditions Related and Supporting Industries Firm Strategy, Structure, Rivalry Evaluating Porter’s Theory Management Focus: The Rise of Finland’s Nokia

FOCUS ON MANAGERIAL IMPLICATIONS

Location First-Mover Advantages Government Policy

SUMMARY

CRITICAL THINKING AND DISCUSSION QUESTIONS

CLOSING CASE: Trade in Information Technology and U.S. Economic Growth

Learning Objectives

1. Understand why nations trade with each other.

2. Be familiar with the different theories explaining trade flows between nations.

3. Understand why many economists believe that unrestricted free trade between nations will raise the economic welfare of all countries that participate in a free trade system.

4. Be familiar with the arguments of those who maintain that government can play a proactive role in promoting national competitive advantage in certain...

Similar Documents

Free Essay

Business Process Management

...Faculty of Business and Law MPM 701 –Business Process Management Trimester 3, 2010 Group Assignment Tim’s Dynometers Pty Ltd Jing Jing Wu 25% 212383709 Xu bi 25% 212382669 Lantian Zhang 25% 900392452 Yang Zhou 25% 212338171 UNIT: MPM701 LECTURER: Mike Bengough DUE DATE: 11/01/2013 WORD COUNT: 1936 Table of Contents 1. BPM and Strategy……………………………………….……….…..………. 3 2. Problem Analysis.........……………………………….……….………………5 3. Proposed Solution ……..…………………..…………………………………..8 4. Solution Considerations.................................................................….……......11 5. Recommendations.………...........................................................…..……..….13 Reference List………...…………………………………………………….……14 List of Figures and Tables Figure 1: Gap model…………………...................................................................5 Figure 2: ‘As Is’ process diagram………………..................................................6 Figure 3: Project Scoping Diagram........................................................................7 Figure 4: ‘To-Be’ Processes Flow Diagram...........................................................9 Executive Summary The assignment aims to investigate the causes for the business process problem in Tim’s Dynometers Pty Ltd, with......

Words: 2379 - Pages: 10

Premium Essay

Information Systems Study for Bandon Group Inc

...Student's Name: Xianwei Meng Date: 26/8/2011 Module title: Enterprise Resource Planning Words: 5023 Information Systems Study For Bandon Group Inc. 1. Introductions Bandon Group is a family owned distributor of office equipment. It is famous for its good customer service, technical support, and innovative products, and excellent in providing products with quality and services at cost-effective price. The Group now has four divisions, and they decentralize to meet the different needs of their local markets. Corporate headquarters handles the central administrations and information systems support. The primary objective of Bandon Group is to generate 10% profit for the reinvestment. They hope to establish excellent sales organization and professional service organization. To achieve these goals, Bandon Group has taken many measures. As to the information systems, they have administrative information systems, most of which are generic, and in which the meter click billing software unique for industries. However, the legacy system can not satisfy its growth and expansion now. Their director of information technology has searched for commercial off-the shelf package to support the administrative information system, and selected OMD. The OMD system supports meter-based billing, and has Web-based interface. However, it is not built with relational database, which makes the ad hoc difficult. Sales tools of Bandon Group such as sales prospecting......

Words: 5108 - Pages: 21

Premium Essay

Business Performance Measurement

...Business Performance Measurement   At the Crossroads of Strategy, Decision-Making, Learning and Information Visualization                       February 2003       Vince Kellen CIO & Faculty,School of CTI DePaul University Chicago, IL U.S.A. http://www.depaul.edu   Abstract   Business Performance Measurement (BPM) systems have grown in use and popularity over the past twenty years. Firms adopt BPM systems for a variety of reasons, but chiefly to improve control over the firm in ways that traditional accounting systems have not allowed. Several approaches, or frameworks, for building and managing BPM systems have evolved with the balanced scorecard as the dominant framework in use today. Despite the growing use of BPM systems in organizations of all kinds, significant problems cause firms to experience difficulty in implementing BPM systems. The problems range across a variety of topics: excessive diversity in the field of study, data quality and information system integration problems, lack of linkage to strategy, fundamental differences in how a strategy is formulated and executed in the firm, ill-defined metrics identification processes, high levels of change in BPM systems, analytical skills challenges, knowledge as a social and non-deterministic phenomenon, judgment and decision biases (from prospect theory literature) and organizational defenses that can undermine successful BPM systems use. To help address these problems, a set of......

Words: 15782 - Pages: 64

Free Essay

Business Process Management

...Today companies are facing fast changing business environment, changing customer needs and expectations, fast changing technologies and product life cycles in globalization within this environment today’s managers has to ensure long term business for their company. And in growing market its now important respond to this by investing in innovative new product and marketing strategies, but they also have to concern about optimising cost, time scale, product recourses in order to increase efficiency. Processes acts as building blocks of an enterprise and it include all the employees and systems that exist within enterprise. Therefore every company has to manage their business processes. At this situation “Business Process Management (BPM)” theories comes in to action. "BPM is a management practice that provides for governance of a business's process environment toward the goal of improving agility and operational performance. BPM is a structured approach employing methods, policies, metrics, management practices and software tools to manage and continuously optimize an organization's activities and processes." – David McCoy, Gartner Research Report In this report I explain about how BPM benefits to enterprise using real world examples. I research about following enterprises/organizations which implement BPM. Midwestern hospital Case Study. Let’s take Midwestern Hospital case study. It’s one of the largest and Popular Cancer Hospitals in United States. In order to gain......

Words: 1933 - Pages: 8

Free Essay

Oracle Business Process Redesign Project

...Software Documentation Process Improvement ISMG 6040 Spring 2011 Dr. Judy Scott Margaret Irene Wallace May 5, 2011 Contents 1. Executive Summary 3 2. Organizational Overview 3 3. Competitive Environment & Strategy 3 4. Oracle’s Fusion Middleware Department 4 5. Business Process Problem Discussion 5 5.1 Project Roadmap 6 6. Results & Findings 8 6.1 Understanding the Current Process 9 6.2 Redesign – Requirements and Design 12 6.3 Oracle 11g – BPM Criteria and ROI & Success Criteria 15 6.4 Develop, Test, Implement, Train 18 6.5 Coping with Cultural Resistance 19 Appendix A: Modeling Experience 20 Appendix B: Process Description 23 Appendix C: Inputs and Outputs 24 Appendix D: Governing Rules for Process Steps 25 References 26 1. Executive Summary The process for creating and publishing software documentation at Oracle is lengthy and involves several roles and departments. The software documentation departments and the number of products they are responsible for have grown tremendously over the years due to acquisitions. However, the documentation process and its tools have not scaled well. There is no overall set of tools for the entire process. Email is the primary communication method, and is the basis for routing work from one step and role to the next. These steps are not automated, and the steps which are automated use out of date, non-integrated tools. The process is overdue for a comprehensive analysis and......

Words: 6563 - Pages: 27

Premium Essay

Too Far Ahead of the It Curve

...Running head: Too Far Ahead of the IT Curve Too Far Ahead of the IT Curve Enterprise Technology Process Models CIS 521 Abstract The basis of this paper is to answers a few question about an article entitled “Too Far Ahead of the IT Curve” (Harvard Business Review). I’ll be  identifying and analyzing the key issues presented in this case, discussing the steps Max should take if he decides to start an SOA project to fix Peachtree’s IT,  describing how Max and his leadership team can measure that the SOA project is successful, and finally I’ll be discussing what I would have done differently if I was in Max’s position. Too Far Ahead of the IT Curve Identifying and analyzing the key issues In the case of Peachtree Healthcare it’s very easy to see that due to the growth mainly due to mergers and other acquisitions the board feels as though there is a need for a generalized system that not only will help to fix current problems but assist with the transition out of the old way of doing things. So let’s look a little deeper into the issues at hand. Peachtree Healthcare wants to somehow transition into a systematic IT format way of providing service its many patients without forgetting it overall mission and without causing problem due to the traditional ways of each individual doctor or provider in their network. This is very hard to do when establishing an SOA if not done properly. The main concern of the company is that...

Words: 1797 - Pages: 8

Premium Essay

Evolution to Collaborative Networks

... based on the historical evidence and its direction, observe what visionary direction the research should be looking to. Keywords: collaborative advantage, collaborative networks, co-operation, joint ventures, leadership, open markets, vertical integration. Evolution to Collaborative Networks Introduction It is no longer a secret in the business world today that competition is fierce. In every segment, the market is changing at an alarming rate. Product life cycles that used to last for years and decades are now only lasting for mere months. No company knows exactly what direction the market will go, so they are seeking the greatest intelligence to gain the greatest advantage. In the past it was to a firm’s advantage to obtain new information and keep it from their competitors and even their suppliers, but today’s technologies have evened the playing field. The elements that brought success one hundred years ago just will not work in today’s flattened world (Friedman, 2002). Technology has become the key factor reversing the earth’s evolutionary process into the seven continents and back to a Pangaea era of business. Business success is no longer about having the biggest company with the greatest amount assets and influence. It is not about having the latest and most...

Words: 5830 - Pages: 24

Premium Essay

Literature Review

...07133031 qi yang | Literature review Report | Course: Procurement &Contract Management BMGT43670Term: Jan 2012 semesterProfessor: David Staunton Student: Qi yang Student No: 07133031 Date: 20 March 2012 | “I the undersigned confirm that the work submitted here is entirely my own work, and that any work of others which is included has been properly referenced and acknowledged according to normal academic guidelines.” Table of Contents Abstract 2 Introduction 4 Why procure 4 How procure 8 Defining and initiating the contract 8 Planning the procurement 10 The tendering process and choosing the contractor 11 Finalizing and monitoring the contract 12 Conclusion 13 Reference 14 Abstract There has been a noticeable increase in the number of studies directed at explicating the drivers of procurement’s success in all kinds of industry and government agency. Since the fierce competition of market, there is high requirement not only for the speed of product and service desired, but also the quality of commercialization. So the procurement has come and is essentially delivering value through all kinds of relationships. This report shows why procurement is desired urgently and how the procurement process works. Procurement is the process of acquiring outside service through soliciting and evaluating proposals and establishing a contractual agreement which includes monitoring project work for conformance to the contract and......

Words: 4553 - Pages: 19

Free Essay

Accounting

...Proposed Solution In order to improve the company’s operation and survive from the weak market caused by Global Financial Crisis, lots of changes are needed to be implemented internally on the company’s structure and procedures and externally on the enforcement of the updated market strategy. Business Process architecture (BPA) defined as ‘body of knowledge about the business processes that comprise a value chain’ (Harmon, 2007) attempts to improve processes to ensure business effectiveness and efficiency. The key element of BPA is to define and segment value based processes and link the processes to the strategy. It can be divided into many levels and activity is the smallest process. As shown in the “To-be” diagram, the quick customer responsiveness and effectively resource utilization can be achieved using business process management. When customer places an order, the value is created. Then the order is received by the sales department via customer database and decided to approve or not. If approved, the order becomes an effective order sent to the next process by internal system. If not, it becomes a dead one and is terminated at the same time. Through inventory level, the production department can check the availability of the raw materials at once. If it is insufficient, the production department can purchase from the external supplier by online trade and shorten the preparation time of materials. If there is enough on hand, they can assemble and send the finished......

Words: 1248 - Pages: 5

Premium Essay

Process Management

...View Full Essay | Managing Activities to Achieve Results | Table of Contents Introduction 1 Body 2 Evaluate the importance of business processes in delivering outcomes based upon business goals and objectives. 2 Appendix 22 Bibliography 26 Body Evaluate the importance of business processes in delivering outcomes based upon business goals and objectives. Structure of an organisation is the way the people and different departments are set out. XXX School’s structure is shown in Appendix 1. It’s is widely split into Thai and foreign areas with different departments that interact daily to fulfil its processes and functions. There is evidence to suggest it uses the matrix model. For example XXXX the Head of English Kindergarten department is also responsible for undertaking the project of improving the schools website. Mullins (2005:a) notes culture as ‘the collection of traditions, values, policies, beliefs, and attitudes that constitute a pervasive context for everything we do and think in an organisation’. Due to the being both foreign native speakers and Thai teachers present in the school, a divide in beliefs, values, policies, traditions and processes is present. The two ‘sides’ maybe well undertake tasks in a different way, however there is one belief that is clearly paramount throughout the school. The most important belief is the service and relationship provided to the customer (customer being the student and their parents) is everyone’s number......

Words: 773 - Pages: 4

Free Essay

Aircraft Solutions

...machined products and related services, and to meet cost, quality, and schedule requirements. Company Overview The main company strategy of Aircraft Solutions is to provide low cost design and computer-aided modeling packages to customers to reduce their development operating cost. One thing AS is especially proud of is that it will help the customer through all phases of new product deployment. It will help starting from the early prototypes through final large-volume production and assembly. Eventually the goal of Aircraft Solutions is to make long-term relationships with its customers and to keep on doing business with them in the long run. AS uses a few different business processes within the company. The first is Business Process Management (BPM). BPM is focused on aligning all aspects of an organization with the wants and needs of clients. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology (Chang, 2006). Then the Design Engineering department is responsible for reviewing the electronic models, interacting with the customer and making necessary modifications with customer approval, then placing them in an Engineering Release (ER) directory for programming. Lastly, all final programs must be thoroughly verified for accuracy before releasing to the Proof For Production (PFP) directory for manufacturing to make the production first article. Two Security Weaknesses Hardware Vulnerability Upon......

Words: 1868 - Pages: 8

Free Essay

Vvyvyycc

...the TechSoup Learning Center Website (www.techsoup.org). We are aware that some ADRCs may choose to adapt existing systems and that they may follow some of these steps, but this checklist primarily details steps involved in creating a new system. Step 1 Timeline 3- 6 months Tasks Establish Leadership and Support 1) Identify core IT/MIS work group or team (drawing from key project staff at state and local levels, advisory board members, consumers) 2) Request input from and secure support of key management, grant staff, advisory board, professional front-line users (pilot site staff, partners, and/or consumers), other stakeholders. 3) First steps for your core IT/MIS work group include: a) Diagram key business processes and identify areas in which automation already does support or should support these processes. This may include suggesting where IT could lead to a total redesign of the business process. In some cases, the result of this planning will result in a business process model. For examples, see the resources below. b) Identify potential barriers (people, politics and systems), including developing strategies to address each barrier. c) Develop a communication plan for the project so...

Words: 976 - Pages: 4

Premium Essay

Erp Implementation-Procedures, Issues, Challenges & Failures

...MORE FREE TERM PAPERS ON SITE: www.BesplatniSeminarskiRadovi.com SOFTWARE PROJECT MANAGEMENT A Term Paper ON ERP Implementation-Procedures, Issues, Challenges & Failures Introduction An Enterprise Resource Planning (ERP) system is an integrated computer-based application used to manage internal and external resources, including tangible assets, financial resources, materials, and human resources. Its purpose is to facilitate the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders. Built on a centralized database and normally utilizing a common computing platform, ERP systems consolidate all business operations into a uniform and enterprise-wide system environment. An ERP system can either reside on a centralized server or be distributed across modular hardware and software units that provide "services" and communicate on a local area network. The distributed design allows a business to assemble modules from different vendors without the need for the placement of multiple copies of complex and expensive computer systems in areas which will not use their full capacity. To be considered an ERP system, a software package should have the following traits: ➢ Should be integrated and operate in real time with no periodic batch updates. ➢ All applications should access......

Words: 4678 - Pages: 19

Premium Essay

Pacorini

...from the connected phase to the collaboration phase of the standardization of IT. Since this is a newer phase, Pacorini is more able to gain competitive advantage. SOA allows a higher level of simplicity for learning how to better maintain integration through standards and business process execution language. This is a step up from traditional integration. SOA also enables the development of complex applications through a top-down approach. Ready-made parts are reusable and are simple for use and maintenance because if the built-in integration. Initially, Pacorini’s internal business processes were not integrated. Business process management (BPM) performs better with SOA. This means that Pacorini is able to identify business processes in order to divide business logic from the application. This is crucial for successful investments in IT. By streamlining the business processes, costs and response time can be decreased. This enables Pacorini to continue to sustain their competitive advantage of offering timely customer service. Pacorini is able to reduce staffing costs through the automation of transactions due to online ordering. In time, Pacorini can also allow their customers document management, electronic bills, and online inventory information. This will enable the visibility of each stage of order fulfillment. The order information is more accurate, consistent, and conveniently available for the customer. Issues can be managed in a more efficient and cost......

Words: 324 - Pages: 2

Premium Essay

None

...expertise and by sharing your teamwork skills. The SOX compliance works were done by the SOX compliance manager with the help from various department managers and their staffs prior to 2009. Due to the limitation in resources, some of the SOX documents were out of date. I joined the SOX compliance team in 2009 to help the documentation of SOX related processes and controls. This year’s major project is to perform a walkthrough of all the business cycles which is planned from February to early July. The purpose is to ensure the SOX documentations are up to date, as well as identify potential areas of improvement. This project is being performed by me and the SOX Compliance Manager, as well as helps from managers in various business units. Why is it an important project? Although the documentation and the assessment of internal control over financial reporting are required by the Sarbanes-Oxley Act of 2002, internal controls have been exist many years before the enact of the act. The act is served as a wake-up call to the management for the importance of having effective internal control environment. Radiant Systems, inc. implemented the SOX documentations in 2004. At the time of implementation, the PCAOB had not yet published the AS 5, which emphasized a top-down approach for assessing the internal control framework. The SOX documentation and the internal controls framework of our company were based on AS 2, which required more extensive assessment and documentation.......

Words: 1227 - Pages: 5