...Introduction Eastern Foods first began its operation as a fast food restaurant group in China and Vietnam. The fast food group successfully operates over four hundred outlets in both China and Vietnam. Due to its accomplishment in China and Vietnam, Eastern Foods have opened at least twenty outlets in Australia in the past twelve months, as part of their global expansion plans. Because of Eastern Foods strategic planning, and achieving success in setting up and opening several of their outlets in Australia, the directors of Eastern Foods have decided to expand their business to Malaysia. The decision has been made to open at least twenty five outlets in university towns all across Malaysia. This is due to the fact that these universities have a wide range of foreign students that will frequent Eastern Foods because of their affordable prices and serving food during breakfast, lunch, and dinner. Eastern Foods has proposed that Kuala Lumpur will be the location for its Malaysia’s Head Office. However, the size of the head office cannot be decided until the Malaysia organisation structure for Eastern Foods has been finalised. Eastern Foods has targeted that the Malaysia organisation structure be fully operational in six months for its inaugural opening all across Malaysia. However, the board of directors of Eastern Foods agreed that there are important issues that need to be addressed by the Malaysia organisation structure and they have raised concerns on the four crucial aspects...
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...Journal of World Business 37 (2002) 69±80 Eastern European cluster: tradition and transition     Gyula Bakacsi, Takacs Sandor, Karacsonyi Andras, Imrek Viktor1 Budapest University of Economic Sciences and Public Administration, 1093 Budapest, Hungary Abstract The eastern European cluster consists of Albania, Georgia, Greece, Hungary, Kazakhstan, Poland, Russia, and Slovenia. It has a population of 232 million and a gross domestic product (GDP) of U.S.$772 billion. The cluster's distinctive cultural practices are high power distance and high family and group collectivism. The region is facing signi®cant challenges during its period of transition from communist philosophy to market-based economies. The participating managers value a much greater degree of future and performance orientation, but are strongly attached to their cultural heritage of deep family and group cohesion. They are also highly value charismatic and team-oriented leadership. The challenges and complexities facing the region are explored in the paper. # 2002 Published by Elsevier Science Inc. 1. Introduction This article provides an in-depth look at the eastern European culture. This region is understudied due to its socialist past and was not (with the exception of Greece and Yugoslavia), included in Hofstede's seminal work (1980) or basic reviewing and synthesizing study of Ronen & Shenkar, 1985 comparative study of 25 countries. Over the past few years, a few writers have examined cultural and...
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...Study 2 – Does This Milkshake Taste Funny? Clinton E Harris Texas A&M University – Commerce February 15, 2014 Introduction George Stein is a college student hired by Eastern Diary. Without any training, George was immediately assigned to the night shift who operated without supervision. The night shift was led by another laborer named Paul Burnham who was given the production orders by the plant supervisor as he was leaving for the day. The night crew was given two objectives, to complete the assigned production runs and clean the machinery before the night shift was over. Stein’s dilemma began when contaminated milkshake mix was clogging the filtration system of the equipment. Burnham instructed Stein, after several attempts to clear the clogging, to remove the filters altogether to ensure the batch completed before the end of the shift. Removal of the filters meant that the maggots that were contaminating the mix would be allowed to flow into the customer’s end product. There are several key management deficiencies that led to the dilemma faced by Stein and the night crew. First, Burnham’s decision making process and the lack of quality standards are indications that the company’s cultural climate is not focused on producing a quality dairy product. Second, the absence of a formal leadership structure allowed a young crew of unsupervised workers to waste company time and resources which resulted in a poor decision to meet the expectation of completing the production...
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...April 29, 2013 Noble Energy Announces Organizational And Executive Leadership Changes In Support Of Multi-Year Growth Agenda HOUSTON, April 29, 2013 /PRNewswire/ -- Noble Energy, Inc. (NYSE: NBL) today announced that it has enhanced its organizational structure to support the material growth it is anticipating over the next several years, as well as to continue the development of its senior leadership team. The new organizational structure has been designed to better align business units with common activities by taking advantage of natural synergies and to better balance responsibilities to facilitate growth. The new structure includes three major operating regions: U.S. Onshore; Eastern Mediterranean; and U.S. Gulf of Mexico (GOM), Africa and Frontier. Included in the U.S. Onshore region will be the Company's rapidly growing unconventional horizontal developments in the Marcellus Shale and DJ Basin, which should help facilitate the rapid transfer of best practices and learnings between these areas. The Eastern Mediterranean has become a very material region on its own requiring focused senior leadership as a result of Tamar recently coming on stream and several future projects being planned for offshore Israel and Cyprus. The combined U.S. GOM, Africa and Frontier region allows the Company to focus on its very material deepwater operations while preparing for the impacts of exploration success in the new areas it will be testing. Other significant changes include the creation...
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...Intelligence (EI). In this research paper, the role of EI in determining leadership effectiveness was reviewed to explain emotional characteristics specific to five countries: Nigeria, Mexico, Russia, Argentina, and China. These countries were included in a study called Project Globe. GLOBE is the acronym for Global Leadership and Organizational Behavior Effectiveness. In this study, four cultural clusters were utilized, and the role of emotional intelligence was evaluated in determining leadership effectiveness. Emotional Intelligence was appraised more favorably than technical skills and cognitive skills, especially when referring to social skills, and transformational/charismatic leaderships were preferred across cultures. The intent of the collaborative effort of Team 4 was to explore the cultural values and practices in five different countries and to identify their impact on organizational practices and leadership attributes. One way to explore cultural similarities in the world is to study cultural clusters which are a group of countries that share many similarities. The countries in a cluster are more like each other than another country from outside the cluster (Javidan & House, 2002). A study conducted by the consulting firm KPMG (Project Globe) tested the proposition linking EI and cross-cultural leadership by surveying managers from four cultural clusters (Anglo, Latin European, Eastern European, and Southern Asian). Project GLOBE was a multi-phase,...
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...Leadership Assessment Professor Woodard BUS302 March 4th 2013 Eastern Builders a construction company, is a task oriented and leadership company. The chief executive officer delegates his powers to different site managers based in different parts of the world. They are given powers to implement the decisions made by the head office and tasked to achieve the target given in a certain period of time. Task-oriented leadership style is one where the team leader is well focused on the major tasks that are required to be performed to achieve a certain set production target. There are other leadership styles and all depend on the circumstances of each particular project that the company is engaged in. Eastern Builders construction has the chief executive officer at the apex followed by close to twenty site managers on the same position. Below the site managers are the site engineers, who are assisted by site supervisors and below them are the casual laborers. The organizational culture and development was initiated by the chief executive officer at Eastern Builders Construction Company. It has promoted growth in terms of team work and employee satisfaction as members of one team. Organization of sports events and organized camp events has led to more integration and effective group work. These have spurred growth in the sector where only one objective reigned supreme, job performance only. Team work leads to better communication and creates favorable working relationships which...
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...35% edition Understanding Business Table of Contents Page No. Introduction 1 TASK 1 1-6 1.1 Human Resource Management (HRM) 1-3 1.2 Accounting 3 1.3 Marketing 4-6 1.4 Operations Management 5 TASK 2 Analyzing the Key Issues 7-9 2.1 Human Resource Management (HRM) 7 2.2 Marketing 8-9 Conclusion and recommendations 10 References 11 Introduction Understanding business is very important when a company is going to operate for the first time. Without understanding business and its core component like HRM, Marketing, accounting, and operational management it is difficult to initiate business efficiently. That is why these issues can play a big role in an organization and it is very necessary to understanding business. Eastern food is going to launch its business. So this organization should consider accounting, marketing, operational management and HRM factors so that Eastern food can overcome its challenge when it is starting its business. Task 01 1. human resource management: In the time of consideration of success in any business, human resource management (HRM) is the key player to go forward towards the goal. Only the effective and efficient employee can make every single complex task easier that is the main point to overall success in a certain period. Human resource management itself being thought responsible to operate some major function namely retreatment process, training, and other motivational work events. In the arrival of HRM it maintains...
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...Problem * Pricing Strategy Sub problem: * Late departures * Poor service and safety II. Objectives * To defend its price leadership over its competitors in the airline industry. * To amend its pricing strategy to avoid massive losses. * To shun being the lowest rank out of fourteen major airline in its evaluation on time arrival. * To improve service and safety of the Texas Air Inc. III. SWOT analysis Strengths * Price leadership * Largest airline system * High number of established, high frequency discount rates Weaknesses * Poor service and safety * Ultra low-fares Opportunities * Growth and expansion * partnership Threats * Competition * Passengers complaints IV. Alternative Course s of Actions (ACAs) ACA1. Texas Air Inc. will now be increasing its price by 30%. Expect high quality service would be given to its consumers. ACA2. Set aside pricing philosophy Peanut and MaxSaver fares. V. Recommendation We decided to adapt ACA1 because this can be better strategic move for the Texas Air Inc. In this strategy, they can avoid passenger’s complaints such as late departures, canceled flights and dirty planes. We believe that they can give their passengers a high quality services. VI. Marketing Strategy Executive Summary: Early in 1987, Texas Air bought Eastern Airlines and the financially troubled People Express. Texas merged Continental, New York Air, and People Express into one full-service...
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...the competitive landscape continues to evolve in how business problems and solutions are addressed within the global environment. Customers now have a world of knowledge at their disposal from product and service pricing to end user reviews. With increasing customer awareness, organizations worldwide face a bigger challenge of engaging and educating customers. To overcome this challenge organizations typically invest in initiatives that drive performance and efficiency. However, it is too common the “big picture” related to the “organizational culture”, which is vital to sustaining change, is often ignored. The Eastern Perspective Eastern organizational culture places focus on developing long term partnerships and sustained respect for people. Chinese and Japanese cultures reflect this philosophy both in their personal and professional relationships. Indian counterparts face a bigger challenge of retaining the best talent. With a population over 1 billion and a growing talent pool, organizations have to continuously improve and engage employees while improving customer satisfaction. Management styles have a significant impact on how an organization assesses and takes action on opportunities to self-improve. Asian and Indian companies are significantly hierarchical in their organizational structure. This influences employees to revere and even have inhibitions in approaching their superiors and managers. Senior leadership measures employees on their willingness and ability...
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...creativity of starting a company. I like the blank piece of paper." It’s no surprise that Peters, and other entrepreneurs like him, crave new beginnings, risk and change. Indeed, those characteristics almost define the breed. But according to a paper by Vipin Gupta, management professor at Fordham, and Ian C. MacMillan, director of Wharton’s Sol C. Snider Entrepreneurial Center, entrepreneurs aren’t the only ones who should be able to embrace the challenge of that "blank piece of paper." In their analysis, Entrepreneurial Leadership: Developing a Cross-Cultural Construct, Gupta and MacMillan use a term coined by MacMillan - "entrepreneurial leader" - to encapsulate the style they believe today’s managers must cultivate. They outline the qualities of an entrepreneurial leader and back up their assertions using a 60-society survey of middle managers around the globe. The survey suggests that a majority of businesspeople worldwide agree upon the ‘ingredients’ for leadership success. As the rate of new technology development - and the pace of competition - accelerate, traditional approaches to management just aren’t cutting it, the authors say. Managers must operate in a highly unpredictable atmosphere in which competitive advantage may dissolve at any time. "It’s increasingly important for people...
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...Communism, just the mention if the word brings fear to the heart. Thoughts of dictatorship, control, persecution, and socialism fill the mind. Communism ruled the eastern half of Europe for about seventy years. Westerners wondered what really was taking place in the region. The Iron Curtain separated the eastern half of the continent from the rest of the world. A war for power and control was taking place. Socialism was drilled into the inhabitants of the dictator controlled countries. But, in 1991 it was said to have fallen. The Soviet Union did fall, but communism has not completely faded away. It has a lasting impact on the people that lived through it. The first communist international organization was founded in about 1836 by a group of German workers. Communism, a branch of socialism, envisages a society where there is equality for all people. The equality is achieved by distributing equal wealth to all the members of the society; thus making everyone at par with the other. The father of communism Karl Marx and Friedrich Angels, changed the political sphere of the world. Some regarded communism as a Utopian idealism that can never be attained in a society while its proponents believed that it was the answer to all their miseries and sufferings. The communist supporters believed in declaring an open war on their opposition, and this is clear from the most popular last lines of the manifesto: "The Communists disdain to conceal their views and aims. They openly declare that...
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...Key facts of the third largest Cement producer „Cemex“ worldwide Name Industry Products CEMEX Building materials Cement Ready-‐ mix concrete Construc8on aggregate 1906 San Pedro Garza Garcia, Mexico Lorenzo Zambrano 54,635 In 50 countries Founded Headquarters CEO Employees Opera8ons Revenue Mean facts of the historical development from Cemex Year AcAon Founded 1906 near Monterrey as Cementos Hidalgo Cement plant Merged with Cementos Portland Monterrey, to Cementos Mexicanos , later renamed to CEMEX 15,000,000 1 billion 65,000,000 5 billion 10 5 3 ProducAon Revenues Int. per year PosiAon 5000 1906 1931 1980s Became mexicos market leader 1987 2000 First expansion in the USA Opera8ons in more than 15 countries Decreasing transportaAons costs are the biggest advantages of the globalizaAon CompeAAve advantage= Using vola8lity in the na8onal cement industry...
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...Key facts of the third largest Cement producer „Cemex“ worldwide Name Industry Products CEMEX Building materials Cement Ready-‐ mix concrete Construc8on aggregate 1906 San Pedro Garza Garcia, Mexico Lorenzo Zambrano 54,635 In 50 countries Founded Headquarters CEO Employees Opera8ons Revenue Mean facts of the historical development from Cemex Year AcAon Founded 1906 near Monterrey as Cementos Hidalgo Cement plant Merged with Cementos Portland Monterrey, to Cementos Mexicanos , later renamed to CEMEX 15,000,000 1 billion 65,000,000 5 billion 10 5 3 ProducAon Revenues Int. per year PosiAon 5000 1906 1931 1980s Became mexicos market leader 1987 2000 First expansion in the USA Opera8ons in more than 15 countries Decreasing transportaAons costs are the biggest advantages of the globalizaAon CompeAAve advantage= Using vola8lity in the na8onal cement industry...
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...Ryanair – The low fares airline: Whither now? Main Problems Ryanair’s growth rate is affected by macroeconomic factors such as the recession, as seen in 2010 when Ryanair saw a 200% increase in profit and traffic growth, as the low fares became attractive for those suffering from the current climate. Uncertainty still remains regarding the economic climate; problems would arise if it continued, as passengers would reduce spending restricting the company’s passenger volume growth. If the economic climate was to grow, business and leisure passengers may choose to pay more and travel with a full service airline, this could consequently result in demand for low-cost flights to drop. One of the greatest concerns is fuel prices the ability to estimate future costs are limited due to unforeseen natural disasters and conflicts. Rising oil prices have had an impact on Ryanair, in 2008 Ryanair’s profit before tax was £439 million which fell down to £181 million the following year due to an increase in fuel costs by £100 million. As Ryanair’s declaration of ‘no fuel surcharge ever’, and its reliance on low fares limit its capacity to pass on increased fuel prices will inevitable result in low profits or ticket prices will have to rise. Ryanair faces stiff competition in Europe from a number of airlines including, BritishAirways, WizzAir, SkyEurope and EasyJet. In this competitive market airlines will need to adopt new strategies to avoid losing market share. Rivalry among existing...
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...Reilly, A.H. and Karounos, T.J. (2009), “Exploring the Link between Emotional Intelligence and Cross-Cultural Leadership Effectiveness”, Journal of International Business and Cultural Studies, Vol. 1, Feb. 2009, pp. 1 – 13. Introduction Along with the globalization of business, many corporations are facing the challenge of operating in a different culture. The writers made a connection between emotional intelligence and cross-cultural leadership effectiveness to deal with this situation, this article also presented some significant results and implications which were greatly helpful for our company. This report is aimed at review the article and pick out something useful to raise staff awareness of cross-cultural issues. In this paper, I will summarize the key point of the article and evaluate some correlative information which can be applied to our company, then there will be a conclusion at the end of the report and two related references will also be given as well. Summary Reilly and Karounos (2009) exhibited Goleman’s research to identify the connection between emotional intelligence and leadership ability. Goleman (1998) claimed that the importance of emotional intelligence on the overall leaderships in organization is twice greater than the other two personal capabilities, technical skills and cognitive skill. The article showed the five components of emotional intelligence and their respective characteristics listed by Goleman (1998), which are exhibited on a...
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