...successful for various reasons which include planning , cultural differences etc. Evaluating some of the areas that went wrong in case of Euro Disney: Walt Disney, a highly successful organization of US, comes up with a theme park, Euro Disney located outside of Paris, France. The Walt Disney Company was one of the American organizations which expand its business to the foreign soil. Doing a very successful and profitable business throughout US, California and Florida, the company established its first foreign venture Tokyo Disneyland, another winning and profitable business of Walt Disney. Being successful from Tokyo Disneyland, the company decided to further expand abroad and enhance its foreign presence, Euro Disney comes forward. But in case of Euro Disney, the company made some wrong steps in decision making which in turn experienced numerous complications from its inception. Below some areas are discussed critically that went wrong in case of Euro Disney. Location or area and environment selection were wrong in first place. Though French suggested to building the Euro Disneyland into the East Paris despite the West because it could turn the people from East to West. Paris is colder than California and Florida, so people weren’t interested to visit for a long time. Environment is a big issue for any business setup, but Euro Disney made the selection wrongly. Another bold issue was cultural differences. Cultural differences exist in each country and those factors must be considered...
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...MOROCCO [pic] o Introduction & Facts (Flag/Map/Numbers) o History ♣ Ancient ♣ Modern o Political Environment ♣ Government ♣ Political Conditions ♣ Military o Economic Environment ♣ Economy ♣ GDP♣ FDI o Regulatory Environment o Technical Environment o Cultural Dimensions ♣ Social ♣ Business ♣ Religion ♣ Language o Business Environment ♣ SWOT Analysis ¬ Regional Conclusion: 1 page ¬ References Conclusion Sources Geographic/population: MOROCCO [pic] https://www.cia.gov/library/publications/the-world-factbook/geos/mo.html The Location Morocco is in the north of Africa it is next to the Atlantic Ocean and the Mediterranean Sea, between Algeria and Western Sahara. It is slightly larger than state of California (446,550sq. km, and 172,413 sq mi). The main cities are Rabat, Casablanca, Marrakech, fees, Meknes, and tangier. In a country like Morocco the expectation of a tourist view as in term of traveling sites are lots of mountains and deserts. The land is 19% Arable land, 2% permanent crops and 79% as other. Population/ethnicity As of 2009 the estimation of the population is 34,859,364 with an annual 20.96% birth rate/1000 population and a 5.45% death rate /1000 population. The ethnicity groups are 99% Arab –Berber, 2% Jewish and 0.7% as other. The main religion is 98.7% Muslim, 1% Christian and 2% Jewish. The wide spread...
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...the ten biggest banks from France, Germany, Italy, Spain, the United Kingdom and the United States, over the period 1994-2006. The Data Envelopment Analysis (DEA) method is employed. The results show an improvement in cost-efficiency of French and Spanish banks, while in the other countries a decline in cost-efficiency is noted. We proceed to several tests of convergence, showing that inefficient banks have reduced the gap during the period 1994-2006. In a second step analysis, we focus on the factors standing behind the efficiency scores obtained through DEA methodology. These are bank-specific variables, the macro environment, the regulatory regime and the non-bank financial sector development. We use a standard censured Tobit model and show that capitalized, newly established banks, with tighter ratios of Tier 1 capital and operating in a country with a lower GDP per capita record the highest cost-efficiency scores. JEL Classification: C14, C6, D24, G21, L25 Keywords: Cost-efficiency; Banking systems; Data envelopment analysis The authors gratefully acknowledge Serge Oppenchaim, C´line Choulet, Guillaume Guidoni and Julien e Geffroy for their contribution to this work. The views expressed in this paper are those of the authors and do not necessarily reflect the views of the French Banking Federation, nor those of Banque de France. † International Affairs Department, French Banking Federation, ebrack@fbf.fr. ‡ Monetary Policy Research Department, Banque de France, ramona.jimborean@banque-france...
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...followings of people that would last thoroughly into the twentieth century. Each one also proved to form a catalyst for the modernisation of many European countries. However, in comparison, none of these ideals had the impact that the nationalistic approach had. This is due to many reasons which ranged from the fact that not everyone was affected by socialism or that ninety percent of people in eighteenth century Europe lived in a ‘nationstate’ which acted as a breeding ground for nationalism growth. A nationstate is a bordered country with its own culture and, the main component of a nation, language. Once politically tapped, this shared heritage and collective ideas could easily take the form of nationalism and depending on the capability of the leadership in control the approach could take many different directions, the most wellknown being: ‘Pride Nationalism’ which originated from France or ‘Blood and Soil Nationalism’ from Germany. One of the greatest accomplishment of nationalism was its ascension to the dominant doctrine of ordinary people’s lives at the expense of religion whose power had become a tattered shadow of previous centuries. However, that is not to say that, once in power, nationalist government promoted and succeeded in achieving prolonged peace and prosperity; in fact, the opposite usually occurred. Aggressive stances between neighbouring countries during the late 1800s became a formality because every nation looked up their adjoined countries as potential threats...
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...Country Comparison Factbook France vs. Italy Wine Industry Group 16.4 Bram van Veen Caspar Leusink Muhammad Hafidz Randy Hardja Lecturer: Mr.Drs.HenkRitsema Contents Executive Summary 3 Introduction 4 Methods and Frameworks 5 Hofstede’s cultural dimensions 5 Porter’s diamond 7 Porter’s Five Forces Model of Competition 8 Introducing the Wine Industry 9 Overview of Wine Industry 9 French Wine Industry 10 Italian Wine Industry 11 Country comparison 12 Comparison of relevant macro-economic indicators 12 General economic indicators 12 Financial Health 13 Demographic Factors 13 Historical developments 14 Historical Background 14 Global Wine Industry Developments 15 Socio-cultural conditions 17 Cultural Diversity 17 Hofstede 18 Political and Governmental Systems 19 Legal Systems 21 Financial Systems 21 Labour Market 22 Industry Conditions 24 Supply Market Conditions 24 Demand market conditions 24 Threat of New Entrants and Substitute Products 25 Major players and level of competition 27 Level of Competition 28 Recommendations 28 Italy 29 France: 31 Recommendations: 33 References 34 Executive Summary The goal of this factbook is to provide potential investors with information on relevant dimensions regarding the wine industry in Italy and France. The factbook is comparing both of the countries using methodological framework and secondary data. The data we used are obtained through various sources. In the end, Italy is presented...
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...Company Analysis The Walt Disney Company has been in the entertainment business for more than 80 years and is well recognized around the world as one that delivers an exceptional entertainment experience. Walt Disney Company strengths can be grouped in three main categories: 1) diversified distribution channels, 2) strong brand portfolio, and 3) financial strength. Despite Walt Disney’s success, the company has some declining segments in their domestic business. In addition, Disney’s biggest challenge in creating theme parks and resorts abroad is their inability to tailor the attractions to the local market while maintaining Disney’s brand image. In the past, international theme park implementations, Disney had failed to adapt their strategies to the local market. Therefore, Disney’s weaknesses can also be also grouped in three categories: 1) declining segments, 2) difficulty adapting to other cultures, and 3) weak managerial skills in terms of international operations. Diversified Distribution Channels Disney has a strong diversified distribution channel. The company operates by four strategic business units (SBU): 1) Media Networks and Broadcasting, 2) Parks and Resorts, 3) Studio Entertainment, and 4) Disney Consumer Products (Banton, 2007, p.31). The Media Network segment comprises of all broadcast television network, television production and distribution operations, television stations, cable networks, broadcast radio, publishing and digital operations (“Fiscal Year...
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...Challenge 6 Employee retention challenge regarding a transnational/multidomestic strategy 6 Compensation and benefits 7 Training and development plans 8 Health and safety policies 8 Employee engagement 9 The Cultural Differences Challenge 11 A quick reminder about CEMEX’s HR Challenge. 11 CEMEX first solution: its internationalization method 12 The special asset: SHIFT 12 Conclusion 13 APPENDIX 1 i APPENDIX 2 ii APPENDIX 3 iii Bibliography iv Introduction CEMEX is a multinational specialized in the cement industry. It produces and distributes cement, ready-mix concrete, and aggregates and related building materials all over the world. It was founded in Mexico in 1906 and now has annual sales of 15.14 billion US dollars (2011). Is workforce is composed of 44,100 employees worldwide, which 32% of it dispatched in Europe, 23% in Mexico and 19% in United States. According to CEMEX 2011 Sustainable Report, Health and safety and, more generally, employee relation, are both top priorities for CEMEX....
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... 2. Layout and lengh 3. Correct referencing | | Other Comments | ESC RENNES SCHOOL OF BUSINESS – PGE2 INTRODUCTION Czech Republic needs to be viewed as a transitional economy which is in the process of moving from a state-controlled, centrally planned economy to one which is embracing a more Anglo-style capitalist model. Although it could be strongly argued that the Czech Republic has moved faster and more successfully in this direction than some of its neighbors, this does not mean that the transition is complete. In the study of the behavior of the Czech in business, we must take into account the specific past of this country. The Czech approach is necessarily different in France and the Czech Republic. For example, one key issue within the Czech business environment is the different attitudes to business issues which you can expect to find in people from different generations. Older employees (40 – 45+) are influenced by the Soviet-style...
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...EURO DISNEYLAND CASE ANALYSIS 6 Cultural differences between United States and France Power distance This dimension deals with the fact that all individuals in societies are not equal, and it expresses the attitude of the culture toward these power inequalities amongst us. Power distance is defined as the extent to which the less powerful members of institutions and organizations within a country expect and accept that power is distributed unequally. It has to do with the fact that a society’s inequality is endorsed by the followers as much as by the leaders. US The fairly low score on Power Distance in combination with the most individualistic culture in the world reflects itself in the following: * The American premise of “liberty and justice for all.” This is evidenced by an explicit emphasis on equal rights in all aspects of American society and government. * Within American organizations, hierarchy is established for convenience, superiors are accessible and managers rely on individual employees and teams for their expertise. * Both managers and employees expect to be consulted and information is shared frequently. At the same time, communication is informal, direct and participative to a degree. * The society is loosely-knit in which the expectation is that people look after themselves and their immediate families only and should not rely (too much) on authorities for support. * There is also...
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...increase of 4.69% compared to 2010 WTC. Tourism has also been a driving force of job creation across the world in the service industry such as transportation services, airlines, cruise ships and taxicabs; hospitality services, such as accommodations, including hotels and resorts; and entertainment venues, such as amusement parks, casinos, shopping malls, music venues and theatres Wikipedia. According to the World Travel & Tourism Council in 2011 Travel & Tourism directly supported 3.3% of jobs, not including the indirect contribution of jobs supported by travel & tourism creating 8.7% of total employment WTTC. The purpose of this research paper aims to the understanding of Tourism differences and similarities of the U.S. and France, but not limited to the overall outlook of tourism. As highlighted within the report you will understand TT policies, how tourism has a direct effect on the social, geographical, and economic sectors both national and international. Based on an economic perspective tourism bring an enormous amount of revenue for goods and services accounting for 30% of the world's exports of services, and 6% of overall exports of goods and services WTTC. This impact is driven by many travel organizations and travelers desire for leisure, wellness, business and social travel. The next section will convey the understanding of how the economy drives tourism, the changes in travel policies., the structure of organizations, how the policies correlates, and...
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...Marketing FoundationMKT 2222 | Group Project: Carrefour | April 4th 2008 | | Group Members & Student Numbers:Fikri Fikrioglu – M00013290Mohammed Moin – M00074462Christos Andreou – M00022720Seminar Tutor: Paul GarneauSeminar Number: Seminar S03 | Table of ContentsBackground Information and Company Description of Carrefour 2The Marketing Environment 5SWOT Analysis 10 Consumer Decision Making Process 16Market Segmentation 20Positioning of the Company 22The Marketing Mix 23The Competitive Situation of the Company 26Primary Data Collection & Evaluation 30Conclusion 40Bibliography & References ...
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...obstacles in adoption of new business ranging from infrastructural issues of technological advancement, network problem, lack of skilled resources, etc; investment issues in inter-organization communication, network establishment, etc; security and privacy issues of customer information in transaction; government regulations for legal protection of consumer rights; logistics issues of distribution; lack of physical and social interaction in virtual environment for purchase; and returning policy of traders (OECD, 2004). Although infrastructure and deregulation governs the success of commerce, transactional trust is mandatory for encouraging the participants to pursue the shopping from foreign firms (Oxley & Yeung, 2001). Socio-cultural characteristics of these countries also raises concern of institutional trust in the new business as substitute for social milieu lacking in personal touch or localization of product (Efendioglu, Yip, & Murray, 2004). Temporal and spatial separation requires radical shift in consumer pattern to create trust between parties involved in transaction occurring in trading based on agreed contract. Delivery of products to the increasing number of customers in new system brings challenges for seller to keep the promises of order fulfillment in committed time. Logistics capability determines the delivery and distributed channel of firm to ensure speed and timeliness of delivery in business operations (Alemayehu, & Heeks, 2007). Developing nation builds the reputation...
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...Shoppers 8 Site Profile of Top 3 Online Shopping sites 10 1. Amazon UK - www.amazon.co.uk (ranked no. 8 in Alexa in UK) 10 2. Argos - www.argos.co.uk (ranked no. 41 in Alexa in UK) 17 3. Littlewoods - www.littlewoods.com (ranked no. 498 in Alexa in UK) 27 USA 32 Online Retailing Market Overview 32 Online Shopping for Jewellery 33 Profile of General Online Shoppers 33 Site Profile of Top 3 Online Shopping sites 35 1. Amazon US – www.amazon.com (ranked no. 5 in Alexa ) 35 2. WalMart - www.walmart.com (ranked no. 41 in Alexa) 39 3. KOHLS - http://www.kohls.com/ (ranked no. 207 in Alexa in UK) 44 Germany 48 Online Retailing Market Overview 48 Online Shopping for Jewellery 50 Profile of General Online Shoppers 50 Site Profile of Top 3 Online Shopping sites 52 1. Amazon Germany – www.amazon.de (ranked no. 6 in Alexa) 52 2. Otto Germany - www.otto.de (ranked no. 79 in Alexa) 53 3. Idealo - http://www.idealo.de/ (ranked no. 37 in Alexa) 54 France 56 Online Retailing Market Overview 56 Online Shopping for Jewellery 56 Profile of General Online Shoppers 56 Site Profile of Top 3 Online Shopping sites 56 Netherlands 59 Online Retailing Market Overview 59 Online Shopping for Jewellery 59 Profile of General Online Shoppers 59 Site Profile of Top 3 Online Shopping sites 59 South Korea 61 Japan 61 Switzerland 61 Finland 61 Sweden 61 Denmark 61 Canada 61 Norway...
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...CENTRE FOR EMEA BANKING, FINANCE & ECONOMICS Efficiency and Risk-taking in Pre-crisis Investment Banks Nemanja Radić, Franco Fiordelisi, Claudia Girardone Working Paper Series No 08/11 Efficiency and risk-taking in pre-crisis investment banks Nemanja Radić1, Franco Fiordelisi2, Claudia Girardone3 Abstract Investment banks’ core functions expose them to a wide array of risks. This paper analyses cost and profit efficiency for a sample of investment banks for the G7 countries (Canada, France, Germany, Italy, Japan, UK and US) and Switzerland prior to the recent financial crisis. We follow Coelli et al. (1999)’s methodology to adjust the estimated cost and profit efficiency scores for environmental influences including key banks’ risks, bank- and industry specific factors and macroeconomic conditions. Our evidence suggests that failing to account for environmental factors can considerably bias the efficiency scores for investment banks. Specifically, bank-risk taking factors (including liquidity and capital risk exposures) are found particularly important to accurately assess profit efficiency: i.e. profit efficiency estimates are consistently underestimated without accounting for bank risktaking. Interestingly, our evidence suggests that size matters for both cost and profit efficiency, however this does not imply that more concentrated markets are more efficient. JEL classification: D2, G24, G32, L25 Key words: Investment Banking;Stochastic Frontier Analysis;...
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...This essay will examine the current business environment McDonald’s operates in through a PESTEL analysis, to examine the general external business environment and the specific industry factors that may affect the business. The results of this essay can then be used as the background for a SWOT analysis to highlight the specific strengths and weaknesses of the McDonald’s business model and its potential future opportunities and threat, which should help to determine the best strategic direction for McDonald’s to take in the coming years. PESTEL Analysis A PESTEL analysis examines the external business environment facing a firm in 6 main areas; Political factor, Economic factors, Sociological factors, Technological factors, Environmental factors and Legal factors. Though a single organisation is normally unable to directly affect the external factors facing it, a conglomeration of companies can exert some pressure on these factors, particularly any political factors through the intelligent use of political lobbying. Proper understanding of these factors allows the organisation to highlight areas of business opportunity when combined with proper understanding of the business’ strengths, and also potential threats to the business when combined with a proper understanding of the firm’s weaknesses (Baines et al, 2011). Thus, for effective strategic planning, analysis of the external factors is the most important step before performing an analysis of the business’ intrinsic strengths...
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