...given when predicting the impact of government regulations on the future market trends of the “Big Three” automotive industry. There are both positive and negative predictions on how these government regulations will impact the industry. Where Congress imposes regulations to protect or benefit the consumers they might actually create bigger issues in the market. Currently the U.S. Government has imposed regulations on the Automotive Industry affecting the environment, safety, and fuel efficiency of vehicles. These three features will continue to cause new regulations to be passed which will push the automotive industry to the brink of success or failure. The future outlook of these vehicles would be: Technology that will prevent crashes, additional safety features that will keep the people safe in a crash, environmentally friendly vehicles, alternative fuel sources, minimum fuel efficiency of 50 plus mpg, and many other regulations that will protect the environment and also protect the person. The market trend for these possible future regulations will either cause the “Big Three” to find the resources to comply with the regulations or they will fail and the company would go under. Government regulations appeal to consumers and consumers determine the market trends. “Government intervention can be a huge catalyst for growth.” (http://www.csmauto.com/news/csminsights/2010/01/Government+Regulations+Can+Drive+Industry+Growth) These regulations will provide a product that is appealing...
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...Operations Extended Response How does an understanding of the influences on operations contribute to business success? The success of every business depends on adapting itself to the environment within which it functions. A thorough understanding of the operational influences on a business is critical to ensuring the business is flexible, and can adapt to changing market circumstances. Without continually updated knowledge of the operational influences which consists of globalisation, technology, legal regulation, government policies, environmental sustainability, quality expectations and cost-based competition, the success of the business is questionable. The success of a business can be measured through indicators such as strategic goals, market share, profitability, growth, efficiency, quality of output, business competitiveness/image, meeting the changing needs of customers and their contribution to the wellbeing of society. Globalisation An understanding of globalisation gives a business a direction for growth, and enables the business to identify the areas for growth and expansion of their activities. For example Google is an effective innovator that develops and distributes high quality, distinctive ideas that are transformed into products that are sold globally. They have utilised globalisation so as to mass produce innovative products at low cost. This has been essential to Google’s position as a market leader. The knowledge to harness globalisation...
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...Singapore Model has been an example of success in focusing on productivity to produce growth and value. It also provides a counterexample to several of Lewis’ ideas arguing against market distortions and level playing fields. I will now outline Lewis’ main ideas, and analyze them according to the Singaporean experience: - Industry Analysis: Lewis advocates for analysis at the industry level, rather than the macroeconomic level. Singapore has also followed an approach that has favored industrial policy. Recognizing its lack of natural resources, Singapore since the 1960s has focused on investing in 4 key industries: ship refitting and repair, metal engineering, chemicals and electrical equipment. The current emphasis is on the biomedical science industry. Singapore has been effective at identifying key industry “clusters” for development and growth, strategies that move its economy up the value chain towards knowledge-based sectors. The country can improve upon this by identifying new industries, such as the latest focus on biotechnology, which are beyond the currently established industries from decades past. - Skill training vs. education: Lewis argues that education is not directly linked to productivity, and that job skill training is more important to a society. In 1979, Singapore created the Skills Development Fund to help improve worker’s skill-based education, incentivizing employers to educate workers through grants. The government also attempted to raise wage levels...
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...political neutrality”. With the aid of specific examples and relevant literature, support or refute this contention. A bureaucrat is an unelected official whose main purpose is to serve the public interests to his maximum capacity, with efficiency, responsiveness, fairness and effectiveness. This can only be achieved if the bureaucrats are politically neutral, as politics extends further than core party politics, to relationships, religion, blood ties and ethnic groups. Politics leads to partiality, favoritism, appointment of unqualified bureaucrats and inaccessibility of these officials by the general populace, and corruption. Therefore an efficient, responsive, fair and efficient bureaucracy is based on political neutrality. Nevertheless, this has remained only as a utopia as bureaucracy and politics have proved to be inseparable and bureaucrats have proved to have remained political. Van Riper 1984, asserted that “the field of administration is a field of business. It is removed from the hurry and strife of politics,” Dwight Waldo states that “administration should not be driven by partisan patronage and electoral politics” This stands to mean that, as a business field, it should act business like, which involves impartiality and efficiency .This aspect can be paralleled to the ministry of education. Even though the bureaucrats are stationed in Harare, one can see that the same education received in Harare and that received in Binga is the same, regardless of the difference...
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...eBay Inc. is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was founded in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. Case: The Globalization of eBay International Business the Globalization of eBay Case study I. Case Background eBay Inc. is an American multinational internet consumer-to-consumer corporation, headquartered in San Jose, California. It was founded in 1995, and became a notable success story of the dot-com bubble; it is now a multi-billion dollar business with operations localized in over thirty countries. The company manages eBay.com, an online auction and shopping website in which people and businesses buy and sell a broad variety of goods and services worldwide. (Wikipedia) Operations eBay created an efficient distribution system that demanded virtually little supervision. Sellers paid eBay for the opportunity to design, set up, monitor, and supervise their particular auctions while buyers used eBay's software to search for products and place bids. After the auction clock ran out, the seller contacted the winning bidder to negotiate payment and shipping terms. For this matchmaking service, eBay charges between...
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...Introduction By Paul Andrisani and Simon Hakim Co-Directors Center for Competitive Government Richard J. Fox School of Business and Management Temple University Privatization of public services to reduce cost and improve quality has a long history. Peter Drucker, the Austrian born management professor, was the first to suggest contracting out of local services to private companies. Indeed many municipal services were already contracted out by 1980 in Great Britain. But the most significant drive for privatization in Great Britain, which signaled the way to the rest of the world, came about with the election of Margaret Thatcher in 1979. In the following decade a host of state owned enterprises were privatized including British Petroleum, British Aerospace, Jaguar, Rolls Royce, National Freight Corp., Cable and Wireless, British Airways, British Gas, British Telecom, several water and electric utilities. In addition, public housing was sold to the residents and compulsory competitive bidding of local services was initiated. By the late 1980’s, Mexico, Brazil, Chile, and Argentina elected presidents who adopted privatization initiatives. But the trend toward privatization was not confined to western countries. The collapse of Communism in the Soviet Bloc prompted the sale of many state owned enterprises as well as other forms of privatization. Even earlier, China in 1978 allowed private farming and later private sector manufacturing and...
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...Why did special economic zones succeed in China? Word Count: 2479 November 26, 2013 Why did special economic zones succeed in China? !2 Abstract The purpose of this paper is to find out the reasons behind the success of China’s special economic zones (SEZs). This paper examines different policies that China implemented in the SEZs and other advantages that SEZs possess while other regions in China do not in an attempt to find out factors made so successful. The reasons behind the success of SEZ in China can be divided into two different aspects: economic and political. This paper is mainly separated into two parts. The first part describes the political changes that China has made and how these changes benefit SEZs. The second part explains how different economic policies that are implemented and advantages SEZs have contribute to their success. Introduction Ever since its establishment, the Chinese government had been following the Stalinist economic model, a communism political-economic system created by the Soviet Union (Zhang, 1989), in which there was absolutely no consideration for the role of the market. This economic system undoubtedly benefited China in the very beginning. Yet, China’s economy had dropped significantly after a few decades, especially the time during the Great Leap Forward (Zhang, 1989). Not only did China suffer from domestic problems, such as outdated production technology, low industrial productivity, and declining...
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...was founded in 2009, created an innovative business model (Ridesharing services) in transportation industry with the help of modern technological innovations. People just need to tap on Uber app to order a ride. Due to the convenience and reliability of its service, Uber has become a global company who has $51 billion market valuation and operates in 330 cities in more than 60 countries. It can be learned from the case that a product innovation from a startup is changing the ride-service industry or even the transportation industry. This paper will analyze how product innovation helps Uber to be a well-known and highly valued company in just few years. Arguments Based on the case, there are three reasons of Uber’s product innovation success: an innovative business method, good timing of entry and a coherent strategy. An innovative business model As we all know, Uber was created to solve the problem of unmatched rides demand and rides offer due to the difference in space and time in taxi industry. The basic pattern of Uber is to provide an information exchange platform as a form of mobile application to connect passengers who need rides with drivers who can provide ride services. It can be considered as a new application of peer-to-peer model in transportation industry. So Uber actually is a platform provider. This platform helps the form of ridesharing service, which is quite different from traditional way of taking rides. Therefore, for Uber, it is a radical product innovation...
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... The Presidential Address Regulatory Framework in Pakistan A. R. KEMAL* I. INTRODUCTIION Until the mid-1970s, governments all over the world (especially in the developing economies), intervened in markets on the pretext of market failure arising from externalities, decreasing cost industries, and equity considerations for maximising social welfare. In Pakistan, where the private sector has played a dominant role, except probably for the 1970s,1 private sector activities have all along been regulated through various types of controls and regulations on entry and exit, prices, credit, foreign exchange, imports, investments, etc. These regulations were imposed with a view to ensuring that private sector allocations were in accordance with the national priorities [see Pakistan (1983-84)]. However, the objectives were rarely realised and, in fact, these regulations have been responsible for red-tapism and corruption. On the grounds of government failure, privatisation and deregulation policies are being practised almost everywhere in the hope that they would help in efficient allocation of resources and higher levels of productivity. Considerable regulatory reforms have also been effected in Pakistan over the last two decades. Investment and import licensing have been withdrawn, most of the foreign exchange restrictions have been removed, capital market regulations have been simplified, price controls have been lifted, and interest rates have been deregulated. However, there is...
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...Started over one hundred years ago in Germany and France the automotive industry has become a major source of industrial and economic stability worldwide. In this report we will describe how the auto industry is affected by new companies entering the market, mergers, and globalization, on pricing and the sustainability of profits. We will explore mergers and merger activity within the industry as well as current and expected government policies and regulations in place to address issues related to externalities. We will also take a look at the effects of global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in the auto industry. Considering the aforementioned topic on the auto industry’s competitive strategies and Government policies you will say that this report aims to explain how these two areas have impacted the auto industry and will affect it going forward. Globalization Increasing globalization in the automotive industry is changing the way of traditional partnerships. Ten years ago, it was questionable to pursue business in markets such as India and China because political and business conditions were not conducive to direct foreign investment (Emerging Markets, Emerging Opportunities , 2012).As a result, many automotive companies such as General Motors, Toyota, Honda and Ford viewed strategic partnerships as a way to dip their toes into the water and expand into different...
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...Assignment 2 Lukoil: Trade Strategy at a Privatized Exporter Word Count: 1946 Introduction Over the past decade, Russia has witnessed year after year of significant growth in terms of its GDP. The vast majority of this growth can be attributed to Russia’s most valuable natural resource, Crude Oil. Overall, the oil industry accounts for a staggering 25% of Russia’s total GDP, as well as totaling 40% of all exports leaving its borders (Poussenkova, 2010). Lukoil, Russia’s largest oil company came about in 1991, when the then state owned oil monopoly was dismantled (Firlej, 2009). Today Lukoil accounts for roughly 19% of all oil production in Russia with profits reaching $108 Billion in 2008. Despite tremendous success in recent times for Russian oil exports, the state now looks to offset the risks associated with both heavily fluctuating oil prices as well as its enormous dependence upon oil exports for the well being of the nation. Because of this, companies such as Lukoil are now engaging in foreign investment to reduce the effects of fluctuating oil prices, political uncertainty as well as other risks related with their position (Firlej, 2009). This paper will discuss various aspects of Russia’s position as an oil exporter as well as various risks that may be faced in the near future. Theories of Trade When talking about Russia’s global position as an oil exporter, it is best to use various trade theories to help explain the situation. Firstly, it must...
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...Competitive Strategies and Government Policies ECO/365 Principles of Microeconomics October 28, 2013 Feedback from Instructor (Published: Sat 11/02/2013 07:04 PM MST) Earned Points: 9.6/10 Comments: Week 5: Team Paper Assignment Grading Rubric =========================================================== CONTENT 70% Address the following topics: (1) New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity in your industry or one with which you are familiarhorizontal, vertical, or conglomerateand explain why you made that choice.: Content Grade / Comments: Good, meets expectations. Good amount of detail about auto industry globalization and competition. (2) Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities Content Grade / Comments: Mostly good. You could have gone into more detail about the incentives created and the (unintended) consequences of regulations and how this impacts decisions made by the firm. (3) Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry Content Grade / Comments: Good, but this section seems more hypothetical and less applied. You should have given more details related to banking, but overall good points. (4) Recommend how the industry you chose may respond...
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...Mission: As a business manager for GE Canada, Raj Bhatt needs to figure out how to maximize the potential from the Canadian energy-efficiency opportunities. Energy-Efficiency, attractive industry and business opportunity? Yes, the energy-efficiency is a very attractive industry and business opportunity. As the growing interests from Canadian public and government, the size of the potential market has increased substantially to billions of dollars. Further, the technology and industry expertise have developed to more sophisticate stage as the market has grown to maturity with fewer competitors left. Therefore, the risk and prediction of overall business have decreased significantly. In addition, GE has the advantages of being an all-inclusive powerhouse for this project, since GE does not only have technical advantages in lighting and motors but also has its own financing department which could support the project’s financial needs. More importantly, GE is a well-known global brand with respected reputation in the industry. Lastly, GE does not face the similar level of competition in the energy-efficiency industry, as there are only 7 full-services ESCos that can cover all three businesses needs. Even those ESCos are often facing problems like accessing the capital, or creditability issues etc. GE management system, GE Canada, implications for the energy management business? The organizational structure of GE is a “direct connect” structure, which consists 6 core businesses...
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...Executive Summary The balanced scorecard is a facet of a performance management system, which measures a company’s strategic success based not only on past performance, but, most importantly, future forecasting as well. Though financial perspective is deemed the most important indicator of measurement, other non-financial perspectives are found to be vital to overall success and growth, such as customer relations, internal business processes, learning and growth (Kaplan, 2007, p. 150). The use of the balanced scorecard is said to create several advantages to the long-term success of an organization and is also proven to increase strategic learning: “The balanced scorecard signals to everyone what the organization is trying to achieve for shareholders and customers alike. But to align employees’ individual performances with the overall strategy, scorecard users generally engage in three activities: communicating and educating, setting goals, and linking rewards to performance measures” (Kaplan, 2007, p. 154). This paper will illustrate a balanced score card for the Naval Ordnance Safety and Security Activity (NOSSA), specifically the budget execution process. NOSSA is a field activity of the Naval Sea Systems Command (NAVSEA) within the Department of Defense (DoD). NOSSA acts as the Technical Authority for Explosives Safety, providing technical policies, procedures, and designing criteria associated with weapons system safety across warfare sites...
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...system one would expected to find its components carefully coordinated and interrelated. However, the US this system is comprised of independent components that work simultaneously but not always collaboratively to deliver and fulfill the requirements of health care. The reality of the US health care system is that its components function independently, in a loosely connected fashion, and without a single central agency governing and regulating it. This characteristic is contrasting to systems in many other countries that have a national heath care program designed to provide a set of equitable health services to all its citizens. Access to health care services in the US varies, and many times those services also vary in consistency, efficiency and quality. Along with the function of fulfilling the health care needs of a population, the independent components of the US health care system also have the responsibility of running successful and profitable businesses. Health care in the US exists more as a grouping of businesses in a capitalistic system, rather than as a...
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