...Report Two: Global Business Issues Abstract As a group we were posed with the task of addressing six different issues using ten different articles from Business week and five sources of peer reviewed articles. The first issue that we addressed was Global Self-Awareness which is “the continuum through which students develop a mature, integrated identity with a systemic understanding of the interrelationships among the self, local and global communities, and the natural and physical world.” The next issue addressed was Perspective which is “Taking the continuum through which students develop a mature, integrated identity with a systemic understanding of the interrelationships among the self, local and global communities, and the natural and physical world. Another issue we addressed was Cultural Diversity which is “the ability to recognize the origins and influences of one’s own cultural heritage along with its limitations in providing all that one needs to know in the world.” The next issue talked about was Personal and Social Responsibility which is “the ability to recognize one’s responsibilities to society-locally, nationally, and globally- and to develop a perspective on ethical and power relations both across the globe and within individual societies.” The next topic discussed was Understanding Global Systems which is “the complex and overlapping worldwide systems, including natural systems and human systems, which operate in observable patterns and often are affected...
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... Porter’s 5 Forces and Value Chain Company Overview Bloomberg L.P is a business news corporation based in the United States of America. The company headquarters are located in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1982 with his business partners Duncan MacMillan, Merrill Lynch and Thomas Secunda (Bloomberg, 2010). The company runs a business news agency, radio station, website and a business TV channel and prints a business newspaper named Businessweek. It provides financial services, asset management services and stock exchange updates to its subscribers, viewers and associated financial institutes. It holds around one third of the international financial data market. Bloomberg is a private company and does not show its profit and revenue statement publically. However, in 2009, Bloomberg L.P received $6.25 billion revenue from this $16 billion financial industry (The New York Times, 2009). Since the 1990s, Bloomberg has secured a strong position in Wall Street due to its fast and authentic messaging services informing investors about the securities' prices and market trends. The Wall Street investment gurus consider Bloomberg’s stock market graphs before investing in any portfolio or long-term financial products. The company generates more than 85 per cent of its revenues from in-depth financial analysis articles, for which it charges $20,000 per year from its subscriptions (The New York Times, 2009). Its total number of subscribers is 310...
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...Volkswagen Group’s China Expansion Harrison O’Neil, Oct 2013 For investors interested in VW’s viability Tuesday, January 14, 14 China: quick facts - In 1985, China had 20,000 privately owned vehicles. (Spinelli, 2013.) - China’s citizens have invested in private personal transportation as they have gotten wealthier. (AFP, 2013). - In 2009, China displaced the United States as the largest car market in the world. (Schmitt, 2011) - 240 million cars on road in total; 15.1 million sold in 2012. (Cho, 2013) - China’s market is set to double by 2019 and is the key to the future. (AFP, 2013) (China Daily, 2012) (Industry Trend, 2010) Tuesday, January 14, 14 VW AG: dominating China Volkswagen has been the biggest player in the Chinese auto market for over a decade, in spite of geographic and cultural barriers. How has the auto group managed this level of domination? (Schmitt, 2011) Tuesday, January 14, 14 A Song of Tariffs & Loopholes • High import taxes mean that a Swedish-made Koenigsegg Agrera that would cost ~ $2,000,000 in North America and the EU runs for $4,700,000 in China. (Spinelli, 2013.) This is due to a 25% CIF (cost, insurance and freight) tax, a 17% value-added tax, and a consumption tax based on engine displacement ranging from 1%-40%. (Want China Times, 2013.) VW has counteracted by building many of its luxury models, including the Audi Q5 SUV and bestselling Audi A4L, on Chinese soil. (VW AG, 2009.) This allows VW to bypass import...
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...Each organized business is classified into an industry (United States Census Bureau, 2012). NAICS stands for North American Industrial Classification System. These specific codes are used by the government and businesses to classify different organizations by a certain type of economic activity (Thompson, Peteraf, Gamble, & Strickland, 2012. The NAICS code for Domino’s Pizza is 722513 (United States Census Bureau, 2012). This code is for Limited-Service Restaurants (United States Census Bureau, 2012). The definition of the code is stated as, “This U.S. industry comprises establishments primarily engaged in providing food services (except snack and nonalcoholic beverage bars) where patrons generally order or select items and pay before eating. Food and drink may be consumed on premises, taken out, or delivered to the customer's location” (United States Census Bureau, 2012). Next, is the SIC Code. This code is only four digits and is another code used by the government and businesses to classify industry areas. The SIC code for Domino’s Pizza is 5812 (United States Census Bureau, 2012). These codes are mostly based on similarities within industries. Vision/Mission Statement According to their website, Domino’s Pizza mission statement is the following: Sell more Pizza, have more fun (Domino's Corporate, 2013). The mission statement consists of two important aspects- Products and/or services offered and the Target Market (Thompson, Peteraf, Gamble, & Strickland, 2012). Both...
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...Chris Hendricks Tom Fastenal/Ratios Managerial Finance Yale University Fastenal/Ratios Fastenal's mission statement is, “Growth through Customer Service.” According to company literature the vision at Fastenal is to supply customers with the most friendly, helpful service as possible by minimizing stock-outs, and creating a streamlined process to supply demand. Core values at Fastenal are “innovation, teamwork, ambition, and integrity. “ Fastenal’s belief is that there is, “growth through opportunity.”(Fastenal 2014) A Company History Fastenal began in 1967. The founder, Bob Kierlin and a few friends were first able to open businesses in Winona, Minnesota, the company’s original home base. With $30,000 invested among five friends the original focus was on dispensing nuts and bolts via custom vending machines, which was impractical at the time. Now they have developed vending machines that offer more than the original offered which was only fasteners, and now also sell all sorts of items via FAST solutions. The company struggled for many years, but finally was able to find a spot to serve its customers, “by going the extra mile for customers and providing the kind of service that kept them coming back”. This simple yet effective statement has grown into their culture as the statement, “growth through customer service.” Fastenal has grown from one single store to over 2,600 stores all around the world. They focus on customer service by offering many of their various services such...
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...Table of Contents Introduction 4 Core Concept – Organizational Culture 4 Core Concept – Motivation through Goal Setting 6 Core Concept – Quality Circles 7 Core Concept – Knowledge Management 8 Conclusion 8 Vanguard 9 The Ritz-Carlton 10 Gateway 11 Hewlett Packard 12 Microsoft 13 Dell 14 Ford 15 General Motors 16 References 18 Abstract Team C will contrast Intersect Investments with other companies who have shared like issues of transformation. In the overview, Intersect Investments has acknowledged a new vision to enhance the company and be competitive. Intersect Investments will try to meet the goals by creating new services and products by using the customer intimacy model. This model will assist in Intersect Investment improving customer satisfaction and increasing sales. In this paper, Team C will benchmark different organizations to provide guidance regarding the modifications needed to meet these goals. Introduction Intersect Investment Services is afforded the opportunity to company’s and benchmark successes from like similar companiesy’s and apply this insight to reach their goals and objectives. A mission statement represents the “reason” an organization exists, and an organization’s vision is a long-term goal that describes “what” an organization wants to become” (Kreitner & Kinicki, 2004). CEO Frank Jeffer’s decision to implement this vision has the makings to increase profit and regain the trust of the consumer base. This vision encompasses...
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...Introduction Today we will introduce three key themes that will recur throughout the course. 1. Strategy requires making trade-offs 2. Which trade-offs are the right ones depends on the firm’s context 3. A well-defined strategy tells you both what to say yes to and what to say no to An introduction to strategy * M. Porter, “What is Strategy?” Harvard Business Review, Vol. 74, Nov/Dec 1996, pp. 39-73. (Study.net case packet only) Operational effectiveness is not sustainable – it can be imitated (pushing industry wide productivity frontier outward) and results in competitive convergence (no relative improvement). Strategic positioning, on the other hand, achieves sustainable competitive advantage by performing different activities or similar activities in different ways. Three key principles: Deliver greater/comparable value at lower cost – establish the different from rival and preserve. If compete purely on operational effectiveness, consumers and suppliers might end up capturing the value (lower cost, lower price). It’s all about the DIFFERENT IN ACTIVITIES performed to align with the needs of the target customer; difference in targeted customer itself doesn’t cut the difference. E.g. Southwest airline serves no meals, have automated ticketing, and have more frequent departures when compared with full-service big airlines. IKEA has no serviceman (self-service), no large customization choices, no third party manufacturer. First strategic position – few...
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...Key Terms Ownership Theory of the Firm – A theory that holds the purpose of the firm is to maximize the long-term return for its shareholders. (Also called the property of finance theory of the firm) Microsoft’s ownership theory of the firm has proven to be effective since the 1980’s where the market cap has reached close to 100 billion. Ownership Theory of the Firm is a theory that is based on a firm having the sole reason of maximizing its revenue for their shareholder. Stakeholder – A person or group that affects, or is affected by a corporation’s decision, policies, and operations. The stakeholders of LinkedIn were under stress when its stock prices fell 40%. A stakeholder is a person, group or organization that has interest or concern in an organization. Examples include employees, shareholders and creditors. External Stakeholder – Individual or groups that make important transactions with a firm but are not directly employed by the firm, such as customers or suppliers. External Stakeholders of Microsoft are loyal to the end and would never support its competitor, Apple An External Stakeholder is a party such as a customer, supplier, or lender that influences and is influenced by an organization but is not a member of it. Business- an organization that is engaged in making a product or providing a service for a profit Businesses in America have proven to be very difficult to maintain for the first year which is why the failure rate is close to 70%. Business...
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...Depot Rev. 12-2012 During 1990’s, the Home Depot was well renowned for its orange-blooded entrepreneurial culture and outstanding customer service. From the beginning, the retailer took a long-term approach by training its associates to form enduring customer relationships rather than push for incremental sales gains. As a result, the company grew very quickly becoming the fastest retailer in history to reach sales milestones of $30 billion, $40 billion, $50 billion, $60 billion and $70 billion in revenuesi. Despite this remarkable success, Marcus and Blank, the founders of the Home Depot, stepped down as leaders stating that continued growth required new leadership with fresh and innovative business approaches. Thus, in 2001, Robert Nardelli was named Chief Executive Office of the Home Depot. Nardelli introduced many new initiatives to the company such as, centralized buying, company-wide analytics and improved information systems, which were essential for the company to remain competitive. Many of his other changes, however, led to significant dissatisfaction, low morale, high turnover, reduced productivity, and general discontent among the associates that seriously derailed the company from the customer-centric approach that made the Home Depot such a success story during the Marcus and Blank era. The result was the most dramatic decrease in customer satisfaction in retailing history. In 2001, the Home Depot and Lowe’s both had customer satisfaction scores of 74 on the American...
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...Conclusion: Innovation Challenges in Established Firms Carolyn French Student ID: 5911458 American Sentinel University September 1, 2013 Instructor: Dr. Jacqueline Gilliard Abstract This research document explores several case points as outline in the introduction paragraph covering this weekly assignment exerted from the ASU Moodle web site and from some selected books and articles that are listed on the reference page. Also there is a series of case points under examination in the context of this research that are relate to these learning objectives which helps the reader to appreciate how some of today's most respected high-tech companies rose to prominence, then reinvented themselves once or more; to review the evolution of the personal computer industry, to obtain a glimpse of Intel's likely future as well as the future of the semi-conductor industry, and to outline approaches for building "learning organizations and lastly to appreciate the challenge of developing a complex-strategic-integration (CSI) capability through Intel and Apple Inc. case study reviews. Keywords: Innovation challenges in established firms, Intel and Apple Case Studies, Learning organizations Conclusion: Innovation Challenges in Established Firms Introduction In accordance with the Module 8 reading requirements and the textbook coverage’s from Strategic Management in Technology Innovation, Part Five on pages 1108 -1182. This research document will address specific questions that...
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...Comparative Financial Analysis for the financial year 2012 for DAVID JONES Word Count: words Members of the Group (surname underlined): LIM EWE LEE 30109302 WONG MEI LIN 30109335 TEH KONG CHENG 30111788 Executive Summary David Jones, an Australia base company with its core business of operate departmental store in Australia, the company focus are beauty and cosmetic products, women’s wear, women’s accessories and footwear, menswear and accessories, food products, toys, home products, and products for babies and children. This report has been prepared with the objective of examine financial health of David Jones. The achieve the objective, five key financial ratio analysis: Profitability, Liquidity, Asset Efficiency, Capital Structure has been use throughout the report David’s Jone’s profit margin has declined by 9% in year 2012 with $0.8 cent of net profit derived from every dollar of total sales in year 2012. Declined result in Return on Equity (ROE), Return on Asset (ROA) and gross profit suggest that company having hard time during this financial period and is not able to optimized its resource to support revenue growth. From the liquidity perspective, the company has weaker liquidity compare to year 2011. Cash flow ratio indicates 7% declined from previous year, which could impact the company’s cash flow to meet the short term liabilities. The current ratio also show dropping by 01.7 time compare to year 2011, suggesting slowdown in inventory...
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...Information Technology Manager - Human Resource Management The 21st century is the century of information technology. Information technology develops dramatically year by year. It becomes very important in every aspect of our lives, and business is not an exception. Every corporation in the world applies new technology at a certain level, which also means that there are a lot of job opportunities within this field. I want to become an information technology manager for a big global corporation in the world including IBM, Microsoft, Apple, and corporations such as these. Besides many IT tasks, I also need to perform many human resource activities in an organization. Among all of them, staffing and talent management are the two most important activities. I need to attract talents, identify staff development and provide training needs for any IT positions. It is also essential to develop work plans, time schedules, and work assignments to meet objectives. It is crucial for a manager to practice the goal of Human Resources to put the right person in the right place at the right time. Focusing on recruiting, staff development and having high quality training program are really important for the information technology department of a corporation. First, as an IT manager, I need to participate in the recruiting process for IT positions in the company. Recruiting is a process of generating a pool of qualified applicants for organizational jobs, in which, a qualified applicant...
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...Jake Jernigan Economics Essay 1: Supply and Demand. In an article on the Bloomburg BusinessWeek global economics section called How the Booming Oil Patch Helps US Trade, a topic is discussed that is directly related with the topic of supply and demand. Oil, oil shortages, and oil prices have been a catalyzing topic for anyone that considers themselves American for many years. This is because a very large portion of our quality of life comes from the use of and consumption of mostly foreign oil. Anything from gasoline for our personal cars to get around daily to diesel for our trucks to move our goods from place to place is what we get from oil. Like stated earlier, the US depends greatly on foreign oil, creating great demand for a relatively specific product. The US does indeed have its own oil producing capabilities scattered through the mainland and also alongside its coasts, but it has not gotten to the point where the oil supply created in-country, has exceeded the demand. In this article, they look at how in certain states oil production is blooming, increasing our supply and reducing the demand for foreign oil. “Look no further than Texas, North Dakota, and other states where oil production is blooming” states the BusinessWeek article. This quote directs the attention to the growing oil production in the US. With increased supply of their own oil, the US will slowly demand less oil from other countries that are richly saturated with the black gold. When the self-produced...
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...AIG: From Bailout to Bonuses (2008) Based on a paper by: Paige Vandermyn & Holden Canty Summary by: Andrew F. Roberts During 2008's "too big to fail" bailouts exercised by the federal reserve, many struggling multi-national companies were awarded cash in hopes of avoiding bankruptcy. One company deemed simply too big to fail was the American International Group, Inc. (AIG for short), which provides insurance for individuals and businesses. The company, which would have almost certainly been forced into bankruptcy if not for the bailout, received hundreds of millions of dollars to keep from drowning. However, in an utterly shocking series of events, the company paid $218 million to top executives in bonus money. In a completely unethical fashion, the company used taxpayer bailout money to fund vacations and private jet flights to the executives who many blamed for causing AIG's financial troubles in the first place. Additionally, many senior employees were flown to California for a "retreat" including spa treatments and golf outings. This retreat cost over $400,000 dollars. By the end of 2008, AIG had received over $100 billion in bailout money. Unfortunately, the general public was not sure if the money was going toward improving business of simply paying for luxuries of the organization. These actions by AIG completely ignored each and every theory related to the study of ethics. In regards to the individualistic theory of ethics, AIG seemingly followed...
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...Capstone Project Citsse: ACC599 Date: 06/15/2013 Abstract In this paper, we are going to discuss the following items related to our 5th assignment: Capstone Project. As a corporate accountant, I felt more comfortable selecting the company I work for. I was actively involved in the preparation of the 10-k. I have selected for the case study the MNC Globalstar, Inc. a leading provider of Mobile Satellite Services. 1. Write a twelve to fifteen (12-15) page paper in which you create an executive summary of the company that discusses the company, industry, products and services, and competitive advantages in the marketplace. 2. Evaluate the financial condition of the company and its ability to achieve the strategic objectives as discussed in the annual report. 3. Analyze the company’s profitability trends and recommend strategies for management to improve or capitalize on these trends. 4. Evaluate the company’s cash position. Articulate its ability to invest in capital projects in future years. 5. Analyze the effectiveness of the company’s inventory or service costing methods. Make a recommendation for improvement in this area. 6. Evaluate the adequacy or risks of the internal control environment noted in the annual report by management, and internal and external auditors. 7. Assess the risk to the company related to foreign currency translations, foreign economic events, and international financial reporting standard requirements in order to summarize...
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