...AE 5A Writing Assignmaent Academic Essay: Case Study Final Draft of Philip For a company to develop, it is necessary to expand its scale of business, which is following opportunity and risk. All companies face the risk that could let them failed into transfer in new environment and new market, including lease-to-own stores. Lease-to-own is a pattern of shopping usually used in U.S. which provides goods to rent till own within a contract date. One of the dilemmas facing lease-to-own chain is whether to expand the businese by building retail stores overseas, where is a strange environment to them. This dilemma is the key point of Michael Chu’s case study, ‘Play it safe at home, or take a risk abroad?’(2012). This case focuses on a American lease-to-own chain company, Coe’s, which sells household items and furniture, and its CEO, Stan Windham. At this moment, he and his father have built one thousand stores business in America that the company is considering of expanding abroad, Europe or Mexico. Aubrey Merrin, a mannager of south Tuscon store, and a cashier lady of a convenience store, both meet Windham in one day and suggested him to extend his business to Mexico. On another hand, the CFO of Coe’s, Carl Amirault, who is trusted by Windham, argues that Mexico is a worse choice than putting more stores domestically. Also, he points out the failure case of Puerto Rico should be treated as a lesson. The CEO now needs to make a decision whether to extend to Mexico or maintain...
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...Review: What are they thinking? 7 Bibliography- Literature Review 10 Attachment 1: Study Abroad Handbook: Risk Factors and Strategies to Reduce Risk 12 Attachment 2: Proxemic circle 15 Attachment 3: Multi-Cultural meanings of Paralanguage Gestures 16 Personal Safety: What are they thinking? Overview Criminals are bolder and have less regard for their victims than ever before. Places that once seemed safe are no longer immune from danger. The death spiral of the economy plays a major factor in the increase of crime. There are two parties involved in the commission of crimes, to both persons and property; those two parties are the potential victim and perpetrator. Within each of those parties at the time of a commission of a crime, they possess an innate sense of non-verbal and verbal communication that engage, takes over and governs each party’s behavior throughout the event. For each respective party in a personal contact situation, that sense comprises of a series of cues which could take the form of voice intonation, body language, strength in numbers, and the surprise of direct violence. In some cases, the exchange can be analogous to a chess game in hyper drive. In other cases, the exchange may not be so swift. In cases of property crime, the two parties may never meet. However, in crimes against a physical person, the quite opposite situation sadly holds true. Studies by various crime prevention organizations and law enforcement agencies reveal a common...
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...how globalisation has reshaped the world in terms of social, economic, environmental and technological aspects. One of the key idea that the video clip demonstrated is that the economy in emerging markets will overtake the economy in developed countries by 2020 for the first time in human history. Fundamental concepts of the session- What is globalisation, how it has evolved and affected our lifestyles, the globalisation of markets and production Example of Starbucks and Boeing- How did these two firms take the opportunity of globalisation to way they used to operate, and expand in both their home country and overseas . The global economic activities are shifting towards emerging markets, e.g The BRICS Why and how big data will play an essential role in the aspects of business competition and managing a multinational company. Even though global companies account for the world/s ¼ GDP, ½ of these companies ‘profits are still generated from their home coutries, big question is, has globalisation made the world flat and removed the barriers to do business in the globe or do differences still exist across different countries. CAGE Framework- Cultural differences, Administrative differences, Geographic attributes, Economic distance Some examples of the frame work: 1. Cultural differences lead to reduction in transactions between countries. Different languages, cultural barriers between different ethnicities and social networks, different religious beliefs...
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...target for companies as they tend to consume global brands during their stay abroad in order to avoid cultural shock and thus should be addressed with specific communication. The literature review articulates global brands and advertising with cultural shock, explained on the basis of Trompenaars and Hampden-Turner’s dilemmas’ theory. The qualitative method used in this research were 53 in-depth interviews. Results demonstrated that expatriates relay on well-known brands to adapt to new environments when they are abroad and that specific advertising help them to reconcile dilemmas. Key words: Global brands, advertising, expatriates, cultural shock Introduction Economic and social factors are working to increase global competition and global operations, and subsequently an acceleration of traffic in expatriation and repatriation. Johansson and Ronkainen (2005) state that research shows that one of the most common features of a globally integrated marketing strategy is the adoption of one brand name around the world, whereas Callow and Schiffman (2002) talk about how advertising interpretations are dependent on cultural factors of the viewer. Therefore, the present paper is relevant because it demonstrates that particular attention should be drawn to expatriates during their sojourn abroad. While struggling to adjust both as individuals and professionals, expatriates should deal with uncertainty and risk taking. They should also face different behavioral patterns, which could be...
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...Globalization refers to a process of increasing integration between units around the world, including nation-states, households, corporations and other organizations. It is an umbrella term, covering economic, trade, social, technological, cultural and political aspects, and is the opposite of protectionism. Theodore Levitt is usually credited with globalization's first use in an economic context. People are linked together economically and socially by trade, investments and governance. These links are spurred by market liberalization and information, communication and transportation technologies. Globalization is the process of corporations moving their money, factories and products around the planet at ever more rapid rates of speed in search of cheaper labor and raw materials and governments willing to ignore or abandon consumer, labor and environmental protection laws. Technology is one of the strongest forces driving globalization. Cable television, satellites, fax machines, and the Internet have all contributed to networking a global society. Globalization brings positive and negative effects to the market. For positive effect, as an engine of commerce; one which brings an increased standard of living, literacy and health to Third World countries and further wealth to First World countries. As an engine of corporate imperialism, one which has no connection to local standards of human rights in developing societies. Negative effects include cultural assimilation via so-called...
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...| 5. | Benefits of taking Insurance | 6. | What is Globalization? | 7. | What is TRAVEL INSURANCE? | 8. | Types of Travel Insurance | 9. | Types of Travel | 10. | What is Foreign Travel Insurance? | 11. | Objectives of Foreign Travel Insurance | 12. | Guidance to Foreign Travel Insurance | 13. | Foreign Travel Insurance Coverage | 14. | Student Travel Insurance | 15. | Over 65 Travel Insurance | 16. | Foreign Travel Insurance in News | 17. | Foreign Travel Insurance W.R.T ICICI Lombard | 18. | Conclusion | 19. | Questionnaire & Analysis | Summary Provides information on the benefits of foreign travel insurance and what is generally included. Falling ill or experiencing an accident while travelling abroad requires foreign treatment, and, with medical expenses increasing worldwide, this can lead to costs much more difficult to cover than the actual holiday. Medical expenses increase immensely if there’s need for repatriation. Compared to the expenses of an accident in a foreign country, travel insurance is extremely cheap. As a general rule, buying from a travel agent usually means paying a lot more, not to mention the fact that travel agents are often not qualified or keen to discuss the details of the cover. The circumstances may not allow a detailed inspection of the policy, and very often, the policy document...
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...Report on Foreign exchange operation in Bank Asia Abstract This paper reports a study of foreign exchange operation practices in Bank Asia. The sample for the study consisted of Bank Asia’s annual report, web address, foreign exchange policies. The results revealed that Transferring money abroad can be a difficult and worrying task for many, unsure of whether the money has reached the destination, and whether the rate that you are getting is worth while. . The finding of the study By choosing B A Exchange you are joining the larger Bank Asia Network of branches, with a promise of excellent service, reliable transfers, and fast delivery. Whether over the phone or in branch you will experience the service of our highly trained and dedicated staff, who will guide you through the entire set up and transfer process. The benefits of choosing this service will be the commitment to making sure the transfers are processed in that time and reach their destination. Other transfers and time will make sure they are there in 24 hours. Providing safe and secure transfer services to the surrounding Bangla Town community enables money to reach the right people first time. These services are accessible in branch and by phone, making this one of the most convenient solutions in the area. As part of the greater strategy of Bank Asia to provide support to Bangladeshi Nationals who are living and working in the UK, B A Exchange provides a conduit for...
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...Study and Research Skills Immigration to the European Union An issue or a solution? Polet Boglarka Julianna HPA8B6 BA in International Business, year 1 07\11\2013 Table of content Introduction…………………………………………………………………………………………… pg3 1. Immigration…………………………………………………………………………………………… pg3 2.1 What is migration?..............................................................................................................pg3 2.2 Reasons for migration……………………………………………………………………………pg4 2.3 European Policy about migration…………………………………………………………pg7 2. Immigration: Costs and Benefits………………………………………………………………..pg8 3.4 Analyze of the social-economic and political effects on the EU by migration ………………………………………………………………………………………………………….pg 8 3.5 Cost and Benefit Table………………………………………………………………………pg10 Conclusion……………………………………………………………………………………………...pg12 Introduction Migration is an actual...
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...Chapter One Background of the Study 1.1 Introduction As an indispensible part of BBA Program under Department of Management Studies of University of Dhaka, Internship is designed to bridge the gap between academic knowledge that we explore from studying books and practical working environment to large extent. It is really a great opportunity we got to have a real life experience while passing through the process of practical learning. The preparations of internship report on the topic “Overall Performance of Bangladesh General Insurance Company (BGIC)” was no doubt a challenging task, particularly for a student. I have tried my level best to analyze in depth the overall International and Domestic Trade and business insurance Services provided by BGIC Bangladesh. My pain will be fruitful if my report serves any purpose of BGIC or my department or my fellow friends interested in having insight into the related matters. 1.2 Rationality of the study . No business can exist without having insurance policy, which is much talked about subject now –a- days. In some cases getting insurance is made compulsory for example motor insurance. But unfortunately a very few studies has been made for insurance services. The report is assigned by our course teacher Professor Dr. Shahid Uddin Ahmed as a part of our BBA program. The report is on the assigned topic...
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...OUTLINE: Topic - Impact of Migration: Focus on Philippines I. Introduction Ia. Defining Migration a.1 Kinds of Migration a.2 Who are Migrants a.3 Factors of Migration a.4 Reasons for Migration II. Review of Related Literature III. History of Migration and its Policies III.a. Migration Policies - Critique III.b. Statistics b.1.Number of Migrants b.2.Main destinations b.3.Occupations b.4.Sex b.5.Remittances III.c. Case Study c.1. Flor Contemplacion c.2. Angelo Dela Cruz c.3. Rodelio “Dondon” Lanuza IV. Impact of Saudization to Filipino OFWs V. Impact of Migration V.a. Impact of Migration to the Sending State a.1 Positive effects a.2 Negative effects V.b. Impact of Migration to the Receiving State b.1. Positive effects b.2. Negative effects VI. Implication of the Effects to the Philippines (Actions made to combat negative migration effects) VII. Implications of Migration to the Youth - Youth Migration VIII. Migration and Filipino Family Life, Society and Culture VIII.a. Effects on the family of an OFW VIII.b. Migration and Filipino Society IX. Solving Migration Problems X. Conclusion I. Introduction What is migration...
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...approach has some surface similarities to consumption smoothing. But the method used to find | |retirement- and survivor-spending targets is virtually guaranteed to disrupt, rather than smooth, a household’s living standard as it ages.| |Moreover, even very small targeting mistakes will suffice to produce major consumption disruption for the simple reason that the wrong | |targets are being set for all years of retirement and potential survivorship. | |But with this economics approach, planners can not only smooth their clients’ living standards, but also raise them. For example, they can | |determine precisely by how much living standards will rise if their clients wait to take Social...
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... Do Danish families Prefer traveling more abroad or within Denmark for holidays ? As a National Destination Management Organisation- VisitDenmark, what is the organization doing to stimulate Danish families to participate more in domestic tourism? * The theme of our research is Motivation. What motivates Danish families in choosing their holiday destinations? Do they mostly go abroad or not? And why? * Problem area is improving the tourism sector of Denmark to attract local Danish families. Here we will be analyzing the campaign VisitDenmark to see what the organization has been doing so far to encourage domestic tourism. TABLE OF CONTENT * chapter one……………………………………………………… …..Page 4 -Introduction (some background on tourism in Denmark)………………………4 -Problem formulation/ hypothesis -Research objective (what do we want to achieve in this research……………………………………………………………5 - Delimitation………………………………………………………………..........6 * chapter two……………………………………………………………………….7 - History of leisure tourism …………………………………………………......7-8 - Definition of theory…………………………………………………………..9-12 - Analysis of the Campaign, how does VisitDenmark promote domestic tourism……………………………………………………………………… 13-19 - Danish outbound tourism…………………………………………………...20-22 * chapter three………………………………………………………………….....23 - Research methodology……………………………………………………...23-25 - Research design……………………………………………………………..25-26 - Area under study………………………………………………………..............26 -Target...
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...Universities and Trinity College of Music, London. In April 2008, he was awarded the degree of Doctor Honoris Causa by the Technical University of Košice. He is married to Heather and has two grown-up children, David and Rachel. In his spare time he is a keen amateur pianist and organist. Brief Course Description International business activity is one of the key features of the contemporary global economy. The decision to venture abroad involves the evaluation of alternative entry modes, bearing in mind the degree of risk and the suitability of the business environment in a potential host country or region. Political, economic, cultural and other factors are all of vital importance. This short course aims to explore these issues in the light of current research and with reference to recent developments in the global economy. The course will be delivered through a combination of lectures, discussion groups, plenary discussion and case study analysis. LECTURE PROGRAMME: INTERNATIONAL ENTRY AND COUNTRY ANALYSIS 1. Motives for Going International Businesses venture abroad for a variety of reasons and there is a large international business literature on this...
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...Destination 3. Economic Effect of Migration 4. Impact of Migration 4.a. on the Labor Supply of Adults Left Behind 4.b. and remittances on household poverty 5. Remittances at micro-level 6. Remittances at macro-level 7. Remittances and Development 8. Volume of Remittances 9. Impact of remittances on poverty alleviation 10. Brain Drain/Gain (causes, effects and solutions) 11. Egyptian Migration To Arab Countries Part III Legal and Illegal Migration 1. Definition 2. Dimensions 3. Causes 4. Dangers 5. Methods 6. Legal and political status 7. Migration Stages 8. The gangs of illegal migration contrive new behaviors….. 9. Egypt youth migration ……….. Ideal cases Objective The whole theme of this paper is to vivid the magnitude of migration, to profile the workers who migrate, to identify the types of migration and to determine the extent to which migration affects the rate of poverty and unemployment in Egypt. Not only that but also exploring the impact of the internal and external migration on the development of the country at the micro level. Reasons for this paper As Migration whether permanent or temporary, internal or international, legal or illegal has always been a possible coping strategy for people facing environmental changes. Pre-history and history...
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...‟ “CASE STUDY: MARRIOTT GROUP OF HOTEL‟S EFFORT TO ATTRACT MEDICAL TOURISTS” RAMAMOORTHY PANDIAN STUDENT ID: 09004669 DISSERTATION SUPERVISOR THOMAS REEVES SUBMITTED IN PART FULFILLMENT OF THE REQUIREMENT FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION UNIVERSITY OF WALES INSTITUTE, CARDIFF FEB 2010 1 ACKNOWLEDGEMENT First and foremost, I would like to thank my supervisor Thomas Reeves for his valuable professional advice and guidance as well as for rendering his kindness, endless patience and continuous encouragement towards my dissertation. I would like to thank interviewees in the Marriott Group of hotels and its branches, without which this study could not have been reached its conclusion. A handful of thanks to all the lecturers of my concern for their teaching, without them, I can‟t learn so much knowledge. This dissertation could not have been completed without continuous support, encouragement, and caring of all my friends and my family members. I would wish them many a thanks too. Finally, I would like to express my sincere appreciation to those who provided me with great support and encouragement during my studies in UK. Thanks again to all of them. 2 ABSTRACT The aim is to find out the most possible means that recession would affect the tourism industry globally and also to pay attention towards the various measures taken over by the UK hotels to overcome those tough times and to analyze the same through the case study...
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