...Cultural Management Theories and Challenge for Global Managers Preface The hospitality and the tourism industries are inter-related. Neither industry is limited to country boundaries. They are growing very rapidly. In a world which has become globalized, international trade barriers are becoming less and funds can be more easily obtained at present than in the past which boost the development of these industries throughout the world. More and more multinational organisations have emerged in these fields. These organisations are working in different countries in different cultural environments. This cultural difference in different countries introduces to the managers with the classical problem of cross cultural management which involves problems regarding understanding, interacting and communicating with individuals from different cultures (Ayoun and Moreo, 2008). Organisations in hospitality and tourism industries, especially hotels, are being more widely spread across the globe. As such, all managers have to think about culture. There may be two types of manager in this scenario. One is a global manager, actually the best person available for the job from any culture, who is responsible for coordinating business in more than one country. The other one is an expatriate manager, a person from any culture, who is assigned to control the business of one country and who thus becomes an expert of that culture (Capellen and Leuven, 2006. p. 1-4). The global manager’s competency and...
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...TM Beyond branches Innovations in emerging-market banking A report from the Economist Intelligence Unit www.eiu.com Beyond branches Innovations in emerging-market banking Contents Introduction Innovative financiers A successful formula in Peru Going mobile in India The allure of transfers Profits among the poor Banks extending their reach Riverboat lenders in Brazil Small loans prove profitable in Indonesia Attijariwafa looks south in Africa Betting on savings in Colombia Partnerships with retailers A shopping trip to the branch in Latin America Retail channels in Mexico Policy initiatives Take it from their salaries in Brazil Push for Islamic finance in Malaysia 2 5 6 9 12 15 18 19 21 23 25 28 29 31 33 34 37 1 © The Economist Intelligence Unit Limited 2012 Beyond branches Innovations in emerging-market banking Introduction B anks in emerging markets are increasingly weighty in global finance and still enjoy plenty of room to grow in their home markets. But they will do so in innovative ways that set them apart from the lenders of the developed world. The continuing rise of emerging markets will boost the importance of banks in developing countries in the coming decades. These financial firms will not follow the same business models as their developed-country counterparts, however. Instead, they will rely much less on the branded branch, the traditional outlet for banking services. New technologies, innovative low-cost business models and supportive...
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...internationally has widened due to an increasingly broad geographic scope and the increasing complexity of technology. Strategic issues arise not only through the formal, periodic strategic planning processes in companies but also can, and quite often do arise unpredictably due to new insights, unexpected advances in technology or competitive activities in the market place. All companies have their way of identifying and dealing with these being their most critical strategic questions. However, theprocess of managing emerging strategic issues is typically non-structured, not necessarily optimally suited to enable the effective identification of the most critical questions and the appropriate allocation of top management attention and corporate intelligence support to answer the identified strategic questions. Despite the past research during 1960s, 1970s, and 1980s into the domain of strategic issues (SI), strategic issue management (SIM), and strategic issue management systems (SIMS) there is a scarcity applicable approaches for firms to use in improving their attention focus and distribution in strategic issue management processes. The underpinnings of strategic management hinge on managers gaining an understanding of competitors, markets, prices, suppliers, distributors, governments, creditors, shareholders, and customers worldwide. The price and quality of a firm’s products and services must be competitive on a worldwide basis, not just on a local basis and as such the need to understand...
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...Creative and Cultural Industries, MA Module: HUP057N What does a “political economy” approach to study of the Creative and Cultural Industries involve? What are its advantages and disadvantages? ID: 10048001 Anastasia Davydova 1. Introduction The intention of this paper is to define what we mean by political economy? What does this approach involve to study the Creative and Cultural Industries and what its advantages and disadvantages. This work will search through definitions, different schools and historical periods to better understand the background of Political Economy. Also this approach will be compared with another approach which examines cultural industries namely cultural studies approach to underline the main key point of political economy. This essay will briefly discuss specifics features of Creative and Cultural industries and moves to political economy approach itself with the final observation of advantages and disadvantages. “Culture is our business and business is our culture” [1] Definitions The term political economy addresses to relationship between politics and economy, how political power cooperate with economics, so politics responsible for the society and economy, in other words in charge of wealth of the society. Hence it is possible to declare that political economy examines the production and distribution...
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...Case Study Analysis DLA Piper: Becoming a Global Firm Abstract The global business law firm DLA Piper did not arrive at its position as the recognized leader in its industry without a strategic plan to integrate and align it various regional entities. In fact, it was the vision of integration and alignment by its executive team that led to making DLA Piper the pre-eminent global business law firm today. This case study analysis will describe the setting & environment leading up to, during, and post-merger, then identify the stakeholders involved, and analyze the case context. In addition, Adler & Gundersen (2008) applications, along with options, decision factors and recommendations will be addressed. Setting and Environment In early 2005, two leading firms, DLA and Piper Rudnick, merged in the largest ever in the legal market. DLA, based in the UK, and Piper Rudnick, based in the USA, came together in order to establish a global platform and a foundation for accelerating growth. The two firms, along with US West Coast firm Cray Cary Ware and Freidenrich, became the merged DLA Piper. Initially, the firm would be led by three joint CEO’s who would have to address the issues that would make it a leading business global law firm. In order to achieve its strategic goal, the leadership of the new firm recognized that it must become aligned across its strategy, people, systems, structure, culture, and management. To achieve its express goal of becoming...
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...Economic and Financial, Cultural, Political and Legal (PESTLE) elements that will affect the organization. A SWOT analysis has also been conducted to better exhibit the more holistic overall implications of Sephora investing in Pakistan. The “limitations” of this report include a limited word count and certain primary resource constraints. A summarized version of all external environmental elements has been formulated, analyzing their potential marketing implications for Sephora to overcome these constraints. Several graphs and tables are added to rationalize necessary investment decisions and illustrate key facts and findings that reinforce the merits for Sephora penetrating the market. It is essential to underscore that the rationale for launching Sephora in Pakistan are multifold. Pakistan is home to favorably high-density demographics with a consumer base of 180 million and growing which should not be ignored by any MNC or international brand seeking alpha-growth over the coming years. With increasing globalization, media liberalization and rapid urbanization, Pakistani citizens are becoming ever-more brand-conscious and quality-savvy. Sephora should grant a Master Franchise License for Pakistan as it is witnessing a rapidly rising middle-class with the discretionary and disposable income to spend lavishly. The ascendance of Pakistan`s Purchasing Power Parity (PPP) bodes well for Sephora`s revenue streams and brand recognition in 2015 and beyond. 3.1 The Economic...
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...4 Population 4 Production 5 Cultural and Social Analysis 5 Values 5 Religion 5 Languages 6 Ethnicity 6 Social Structure & Educational System 7 Place on Figure 2-2 & 2-3 7 Political and Legal Analysis 7 Type of Political and Legal System 7 Elections 8 Government Involvement in Economy 9 Legal System’s Effectiveness 10 Assessment of Market Attractiveness 10 Corruption Level 11 Economic Analysis 12 Type of Economic System 12 Development Level 12 Works Cited 12 General Country Information Flag The flag of Spain like any other country’s flag have sentimental value to the people of Spain. It is designed with three horizontal stripes of red and yellow. It is formatted with red on the top and yellow in the middle that is double the width of the red, following with a red stripe at the bottom. In the yellow stripe, there is a figure of the national coat of arms closer to the left of the flag. The figure represents “the emblems of the traditional kingdoms of Spain (clockwise from upper left, Castile, Leon, Navarre, and Aragon) while Granada is represented by the stylized pomegranate at the bottom of the shield; the arms are framed by two columns representing the Pillars of Hercules, which are the two promontories (Gibraltar and Ceuta) on either side of the eastern end of the Strait of Gibraltar; the red scroll across the two columns bears the imperial motto of "Plus Ultra" (further beyond) referring to Spanish lands beyond Europe; the triband arrangement...
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...Changing World MULTIPLE CHOICE 1. Businesses of all sizes are increasingly looking for global opportunities because |a. |Trade barriers are falling. | |b. |Money is flowing more freely across countries. | |c. |The world is becoming one interconnected economy. | |d. |All of the above. | ANS: D AACSB Analytic, Strategy PTS: 1 2. Globalization is |a. |The trend of businesses expanding beyond their domestic boundaries. | |b. |Increasing average temperature over the globe. | |c. |The increased use of global satellite communication systems. | |d. |A strategy of developing unique products for each nation in the world. | ANS: A AACSB Reflective thinking, Environmental influence PTS: 1 3. Which of the following would not be considered a basic source of globalization? |a. |Similar customer needs ...
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...Foreign Direct Investment in the Indian Telecommunications Sector By Keith Green Abstract This paper will examine the current status of foreign direct investment (FDI) in the Indian telecommunications sector and the issues facing foreign companies seeking to invest in the Indian telecommunications sector. The paper concludes with a brief econometric examination of the factors influencing the level of FDI in the Indian telecommunications sector. Introduction In the early 1990s India began to open up an economy that was previously closed to foreign direct investment (FDI). The liberalization in India included the gradual granting of authority for foreign direct investment in specific sectors of the economy. India has received significant inflows of foreign direct investment after liberalizing its economy in 1991 (see Figure 1 in the appendix). FDI inflows to India have exceeded many other ASEAN countries over time. However, China, not depicted in Figure 1, continues to be the leading destination for FDI in the Asia-Pacific region. India has achieved substantive improvements in telecommunications access since opening its telecommunications sector in the early 1990s. However, India has realized fewer benefits than were possible during the period of market reform. The slow implementation pace of liberalization, disparity between urban and rural areas and unclear regulations have impeded the flow of investment to the telecommunications sector in comparison to other emerging market...
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..............................................................1 The Appeal of Collecting in Cyberspace................................................................................. .....1 Security and attribution ....................................................................................................... 1 Faster and cheaper .............................................................................................................. 2 Extra-territoriality ................................................................................................................ 2 Large but Uncertain Costs........................................................................................................... 3 Pervasive Threat from Intelligence Adversaries and Partners ...............................................................4 China: Persistent Collector.......................................................................................................... 5 Russia: Extensive, Sophisticated Operations ..............................................................................5 US Partners: Leveraging Access ..................................................................................................6...
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...Expert Systems Dr. Ashraf Shirani Literature Review for Group 1 Group Members: Leslie Allen Joe Nimely Oluranti Odofin Gary Turner The topic for the research paper will be business intelligence, most specifically the impact on privacy. The data gathered through various business intelligence technologies, while it may not be personally identifiable information such as name and/or social security number, the data provided to businesses gives them a greater insight into consumer behavior. This provides the businesses with information to leverage additional sales and services. Businesses gather all kinds of data on consumers, often sharing with other related competitors, to obtain a better view of the consumer behavior, including trends and associations. The information obtained through business intelligence may or may not be personally identifiable, it may still be sensitive in nature. Does it cross the line ethically? Are there other techniques to gather this information while maintaining privacy for the consumer? In this paper, the ethical issues of privacy on business intelligence will be explored to determine if the business intelligence outweighs the intrusion on privacy. Key concepts in this review include privacy, big data analytics, business intelligence, ethical awareness framework, data mining, hackers, and the Organization of Economic Cooperation and Development (OECD) guidelines. Data mining is discovering knowledge from large amounts of data...
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...Importance of environmental analysis Introduction No single organization can exist in a vacuum. For a successful business operation, an organisation needs to interact with various other actors and players around it. These may range from political institutions to other business and financial institutions. These institutions are called environment of an organisation. In this assignment, we would try to illustrate the importance of environmental analysis for a business organisation. The conceptualisation of environment holds the central position in this discussion. Thompson uses the term ‘operating or task environment, or inner layer’ for immediate or internal environment (Thompson, 1997). It relates to that domain where staff from one organisation interacts with people from others in their day to day business relationships (Douglas Brownlie, 1994b). Brownlie employs the term ‘remote or general environment, or outer layer’ for external or macro environment (Douglas Brownlie, 1994b). This refers to those factors which are outside of company’s direct control but have significant direct and indirect influence on company’s operations. For a company to be successful, it needs to be fully aware of its environment as it allows an organisation to respond to the needs and requirements in its environment. ‘Whilst organisational decision makers may wish to believe that they are the masters/mistresses of their organisation’s destinies, in reality that destiny is shaped by governments, customers...
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...1.History Prehistory Two thousand year ago there was an Iron Age Celtic culture through-out the Bristish Isles.Its seems that the Celts, who had been arriving from the eighth century BC onwards, intermingled with the peoples who were already there.For people in Britain today, the chief significance of the prehistoric period is its sense of mystery.This sense finds its focus most easily in the astonishing monumental architecture of this period, the remains of which exist throughout the country. Wiltshire, in south-western England, has two spectacular. The Roman period (43-410) The Roman province of Britannia covered most of present-day England and Wales. The Romans imposed their own way of life and culture, making use of the existing Celtic aristocracy to govern and encouraging this ruling class to adopt Roman dress and the Roman language. They exerted an influence, without actually governing there, over the southern part of Scotland. The remarkable thing about the Roman is that, despite their long occupation of Britain, they left very little behind. To many other part of Europe they bequeathed a system of law and administration which forms the basis of the modern system and a language. Moreover, most of their villas,bayhs and temples, their impressive network of roads, and the cities they founded, including Londinium, were soon destroyed or fell into disrepair. The Germanic invasions (410-1066) Duringthe fifth century, a number of tribes from the north-western...
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...literature on the influence of context on consumption and purchase behavior is reviewed to provide a framework to understand contextual factors as a means to refine entry strategy and develop effective segmentation strategies. Findings – A wide range of contextual factors exert influence on consumption choices and contribute to within-country heterogeneity. These are typically examined at the macro-level, but also need to be examined at the meso-level, micro-level and situational level to fully assess market opportunities and establish viable market segments. Practical implications – Examination of contextual factors provides a richer and deeper understanding of which international markets to enter and which segments to target. Within-country cultural diversity, dramatic economic and regional disparities and marked differences in the infrastructure need to be assessed. In particular, examination of contextual factors helps to shed light on heterogeneity within countries not only in customer behavior, but...
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...targets both government and private industries with various methods and motives behind them. Those various attack methods can make a significant damage ranging from an individual identity theft based scale to national scale concerning its security as a sovereign nation. In other words, cybercrime equally brings serious concerns for both private industries and government. Also, private industries have an interchangeable relationship with government agencies as client to provide services. Most of utilities-related critical infrastructure systems in every city are mostly managed by private organizations. As we are more depending on technological management of such critical infrastructure and centralization of such system throughout the network, cybercrime targeting those critical infrastructures can have detrimental effects for both private and government sectors. There has been a steady increase in numbers of cybercrime with its benefits over the traditional crime in the past decades. Cyber criminals are getting smarter and equipped with more resources with every passing days and are becoming bigger threats. Therefore, it is important to scrutinize those cybercrime-related issues as well as to delve into planning a well-thought out countermeasure for both private and government sectors in various aspects for betterment of safer society of the information era. In this paper, Part I addresses how government intervention justifies telling private industry how to set up or improve their...
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