...Executive Summary Feltex Carpets Ltd. is the largest Australian carpet manufacturer. The company has experiences in internationalization in countries such as USA, Japan, Southeast Asia and New Zealand. However, the company is interested in expanding their market power to new destinations, to improve their multinational strategy and to be well-known worldwide. The countries of potential choice are Mexico and Chile. The analysis has been done by comparing the overall information and in-details of each indicator. From evaluation of indicators of both countries, such as economic, social, legal and infrastructure, the analysis has shown that the economy of both countries are quite similar. However, the infrastructure, technological and legal environment seem to be better in Chile. As the Chilean government support the foreign investment in textile sector by promoting the education, technological development and the special policy especially for textile. For instance, tax reduction and promoting education in labour forces. Thus, Chilean labour forces would have the better off in comparison with Mexican labour forces. Another highlighted indicator in the country comparison - which the recommendation has inclined - is infrastructures. Both countries have the similar relative figures in number of infrastructure such as roadway, waterway and airports. But the infrastructure of electricity and internet/telephone networks seems to be at a higher level in Chile. The analysis of relevant...
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...Expanding Abroad: Is it Worth the Effort Owning and operating a business is not something that comes easily to most people, after all many businesses struggle to keep afloat in their own country forget about opening a business overseas. Running a business can be a challenge especially trying to do it from a different country. There are many things that you need to take into consideration such as language barriers, currency exchange and customs to name a few. Many entrepreneurs look to the international market because they have lower startup costs and there is less business around to compete for startup costs. This by no means makes starting a business overseas easy however; there are definitely tricks to the trade. As with anything there are challenges, setting up an international business takes a lot of time and could potentially take longer than a business started in your own country. Dealing with the international laws and tax regulations is a job in itself. A lot of thought needs to be put into starting the business as there are far more things to think about such as transportation, utilities, internet speed and economic stability. Not many people would think about it but traffic and transportation are huge things to consider. Traveling three miles to the office in the United States which takes ten minutes could take easily three hours while in another country. Opening a business in unfamiliar territory certainly opens up a myriad of roads to be traveled and the possibilities...
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...Business briefing series 20 issues for businesses expanding internationally At Ernst & Young, we understand the challenges and we know what it takes to drive sustainable growth because we’ve helped many of the world’s most dynamic and ambitious companies develop into market leaders. Our global network of Strategic Growth Markets professionals are dedicated to serving the changing needs of fast-growth companies. Whether working with dynamic mid-cap companies or early stage venture-backed businesses, our professionals around the world draw upon their extensive experience, insight and global resources to help growing businesses reach their full potential. As well as providing traditional assurance, advisory, tax and transaction advisory services, our professionals work with you to reduce the complexity of legislation, help align your tax strategy with your business goals, expand into new markets and pursue mergers, acquisitions or other strategy transactions to take your business to the next level. We can provide guidance around how to manage and control your risks, so that you can approach the future with confidence. So whether your business thrives on entrepreneurial spirit, innovation or superior customer service – and regardless of your stage of growth – our Strategic Growth Markets team can help you take the next step. It’s not luck that makes leaders. Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are...
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...Expanding an MNC International Business 300 – Fundamentals of Global Management February 24, 20xx 2 Expanding an MNC – Part 2 Given Brazil’s prominence on the international stage and strong underlying fundamentals, it has been decided that Brazil will be our country of choice for expanding our U.S. based manufacturing company. To begin this process we considered factors that we have studied in detail such as their economic system, political environment, legal regulatory environment, technological environment, ethical system, social responsibility indicators, and cultural dimensions. We will now build our strategy to enter and expand our manufacturing company using a methodical process for entry into this country. We have decided to look for buildings in the Southeast part of Brazil which comprises of Rio de Janeiro and Sao Paulo, Minas Gerais and Espirito, with our focus centered on Sao Paulo. The Brazilian business environment is as rich and varied as the country itself. Our company will be entering Brazil as a wholly owned subsidiary clearly; the advantages in going this way out weigh the disadvantages. Such advantages as reducing the risk of losing control over our product, allows us a firm control over operations, which is necessary for engaging in global strategic coordination, and gives us 100 percent share in the profits if generated in the foreign country. It also gives us the ability to realize location...
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...IKEA: Expanding globally Introduction……………………………………………………………………………….3 1. A learning organization: understanding the culture of learning and innovation….3 2.1 General concept of learning organization……………………………………3 2.2 IKEA – a learning organization in various market:………………………….4 2. IKEA’s internationalization strategy ……………………………………………..6 3.3 Internationalization strategy from 1974 onwards ……………………………6 3.4 From the perspective of internationalization theories: ………………………7 3. Issued considered in international market research and opportunity analysis: ….9 3.1The Japanese and Chinese market: ……………………………………………9 3.2 The Brazilian market: ………………………………………………………..9 4. IKEA’s entry mode strategy: …………………………………………………...12 5.5 Subsidiaries………………………………………………………………….13 5.6 Franchising………………………………………………………………….13 Summary Introduction Globalization is now playing an important role in the growth of economies across the world. The rapid growth of its process has led to social, economic, technical, cultural and ecological interdependence among nations. It also provides new and potentially profitable markets, increases firms’ competitiveness, facilitates access to new product ideas, manufacturing innovations. Thanks to its numerous advantages, the world is moving closer together and a great deal of organizations has great opportunities to expand their market to foreign ones. IKEA, the world’s largest furniture retailer, did not...
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...Assignment 2: Expanding Your Business Effective Small Business Management – BUS 402 Strayer University February 26, 2012 Financial Plan Based on an internet search of various start-up coffee shops, the anticipated start-up costs for the coffee shop I am opening in Atlanta will be approximately $175,000, of which $125,000 was provided by five investors who will each retain ownership shares proportionate with the amount of capital invested. The remaining $50,000 will be financed through a bank loan. Belissimo Coffee Info Group suggests that sit down shops cost approximately $200,000 to open (Belissimo Coffee Info Group) The shop will begin operation as a very small sit-down shop, with barebones décor, which I believe can be accomplished for $175,000 in the city of Atlanta, thanks to historically lower costs of real estate in the south, comparative with other parts of the country. Growth of the business – including expansion of selection and continued purchase of high-quality products -- will be financed through re-invested profits in the business, to avoid the need for taking out more loans. I plan to repay $10,000 of the loan in the first year, $15,000 in the second year, and $25,000 in the third year, as the brand is established and clientele and profits increase. According to an article on smallbusiness.chron.com, businesses should strive for between 15 and 50 percent cash reserves (Dozier). In the fourth year, the business will begin operating with 20...
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...Upon searching for a non-profit organization to write my research paper on, I was over whelmed because there are numerous amounts of organizations throughout the country that assist people and communities with different services. My first priority was to stay far from excessively popular large organizations and bring to light a less popular one. I looked up the meaning and functions of ‘non-profit organization’ which is defined as “an incorporated organization which exists for educational or charitable reasons, and from which its shareholders or trustees do not benefit financially.” After carefully considering many exemplary organizations, and knowing of what exactly a non-profit organization is, and how the said organization should operate I selected the Expand Your Horizons non-profit organization. The Organization began in 1974, as a Math and Science Network with an informal group made up of women scientists, and educators, in the San Francisco Bay Area. The concerned with the low female participation in math and science courses initiated them to plan and coordinate programs to strengthen girls in these topics. A two year grant from the Carnegie Corporation in 1978 was awarded to the small Network to help establish it as a formal organization and soon the organization operated at the Mills College campus in Oakland, California. The mission of this organization is to “encourage young teenage girls in middle and high school to pursue science, technology, engineering and...
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...CHAPTER ONE Introduction 1 1.1 INTRODUCTION INTRODUCTION TO NESTLÉ S.A. Nestlé began in Switzerland in the mid 1860s when founder Henri Nestlé created one of the first baby formulas. Henri realized the need for a healthy and economical product to serve as an alternative for mothers who could not breastfeed their babies. Mothers who were unable to breastfeed often lost their infants to malnutrition. Henri’s product was a carefully formulated mixture of cow’s milk, flour and sugar. Nestlé’s first product was called Farine Lactée (“cornflour gruel” in French) Henri Nestlé. The product was first used on a premature baby who could not tolerate his mother’s milk or other alternative products of that time. Doctors gave up on treating the infant. Miraculously the baby tolerated Henri’s new formula and it provided the nourishment that saved his life. Within a few years the first Nestlé product was marketed in Europe. In 1874, Jules Monnerat purchased the Nestlé Company. Nestlé developed its own condensed milk to contend with its competitor, the Anglo-Swiss Condensed Milk Company. The Anglo-Swiss Condensed Milk Company made products like cheese and instant formulas. The two companies merged in 1905, the year after Nestlé added chocolate to its line of foods. The newly formed Nestlé and Anglo-Swiss Milk Company had factories in the United States, Britain, Spain and Germany. Soon the company was full-scale manufacturing in Australia with warehouses in Singapore, Hong Kong and...
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...The two specific industries that should be focused on are the water and food industries. The U.S. is a good place for B2P to start to expand into. Americans are increasingly concerned about food and water safety and there is a growing market within the U.S for do-it-yourself water and food testing kits. In the U.S. the E. coli testing market has a mixture of company types, from large laboratories to consumer-oriented products but no single company dominates the industry. Since no single company dominates the industry for E. coli testing that definitely leaves room for B2P to make a name for itself in the U.S. There are no direct competitor that offered B2P’s combination of self-contained, reliable, do-it-yourself, fast result tests but there were organizations that offered similar products. Although there are some challenges such as breadth of services, reputation, regulation, and requirement these could be overcome. Breadth of services is a challenge because many labs offer multiple types of testing that could detect more than one type of contaminant. There is also reputation to consider because they do not have a proven track record in the U.S. Another thing is the U.S. is a highly regulated market and obtaining government approvals is expensive. Finally when possible, companies sometimes chose not to test their products at all. B2P faces a few major barriers to market entry. To overcome the challenge of breadth of services B2P would have to sell that it product enable...
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...This week we are going into chapter 7 which is Expanding Social Horizon: Socioemotional Development in middle childhood and this chapter already seems interesting with some of the topics such as parenting, how siblings relate to each other, also divorce & remarried. I was looking over sibling in the book thought it was fascinating when it mention biological, psychological, and social cultural forces help determine how well siblings get along, and it mention something about sibling with the same sex are more likely to be warm and harmonious towards each other, and I laughed because me and my sister we are the total opposite is more of hate and resentment. It also parents have a lot to do with sibling’s relationship like it mention directly and indirectly. Direct stems from parents’ treatment, and indirect stems of quality of the parent’s relationship with each other, for instant if parents get along, then siblings will have a positive relationship, and if not then siblings will have conflict between each, other, and I really don’t agree with that because I know when theirs conflict between my mom and step dad me and my sister have a dislike for my step dad, and we talk about it, and we never have conflict with each other when that is happening, is like we become closer. The book it also mention something about siblings get along better when each has a unique, well-defined relationship with parents, I kind off don’t agree with that as well, cause with me and my sister is different...
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...Hans Engineering Inc. Expanding to United Arab Emirates Prepared for Mr. Steven Salvatore CEO of Hans Engineering Inc. Albany, New York, 10012 Prepared by Alicia Maharaj Whiteman AFB, Missouri, 65305 March 2, 2014 HANS ENGINEERING Inc. 1500 NW Pine Street, Albany, New York, 10012 (800) 525-1886 MAKING THE WORLD BETTER, ONE BUILDING AT A TIME! HANS ENGINEERING Inc. 1500 NW Pine Street, Albany, New York, 10012 (800) 525-1886 MAKING THE WORLD BETTER, ONE BUILDING AT A TIME! Alicia Maharaj 520 Longwood Drive Whiteman Air Force Base, MO 65305 March 2, 2014 Mr. Steven Salvatore, CEO Hans Engineering Inc. 1500 NW Pine Street Albany, NY 10012 Dear Mr. Salvatore: In this document you will find the report that you requested in February. I have provided key information and made recommendations on a plan of action to expand Hans Engineering Inc. to the United Arab Emirates (UAE). My analysis highlights several areas that can directly impact your decision for the future expansion of Hans Engineering Inc. on a global scale. I provided information on the country, economy, business, culture, and possible locations to give credence on the viability of expanding to the UAE. The UAE is a trend setter in constructing unique buildings and robust infrastructure and is a solid prospective in which to make the headquarters for Hans Engineering International. This report will demonstrate that doing business in the UAE can be extremely rewarding for...
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...HEB in Canada 1.3 INTRODUCTION AND BACKGROUND OF CANADA Canada is one of the countries that shares more than just a border with America. United States is Canada’s primary trading partner. Canada is the largest foreign energy supplier to the U.S. Canada and America has similar western values. Most Canadians are urbanized. Per land mass, Canada is the second largest country in the world. Canada has two official languages; English and French. 1.4. INTRODUCTION AND BACKGROUND OF HEB HEB was founded in 1905. The first store was located in Kerrville TX. Although HEB has been around for over 100 years, they are still going strong in the state where it originated. Other than Texas, HEB also has store locations in Mexico. HEB has a combined total of over 340 stores in Texas and Mexico. HEB also employs about 76,000 people in the communities that it serves. 2.0 CANADIAN MACRO ENVIRONMENT ANALYSIS: PEST ANALYSIS Just like any other country, completing an analysis of Canada’s macro environment will be inadequate without making use of a PEST analysis. With the use of PEST analysis, HEB will better understand four important aspects of Canada economy. The term PEST analysis is an acronym that stands for four major four macro-economic factors. They are Political, Economic, social, and technological factors. The analysis will help in understanding Canada’s current market situation. Specifically, PEST analysis will help HEB in strategic and business planning, entry strategy...
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...In reflecting upon my experiences in Singapore visit last two month, I have nothing but good things to say. Overall, it was a most valuable experience, and I hope I have other such opportunities in my life. It was organized by my course mate in point to visit the Singapore culture. First of all, I truly enjoyed the chance to travel overseas to a place full of diversity and excitement. I have not traveled overseas before, and this experience was incredibly worthwhile. In the past, I have seen the neighbor country, Thailand but never a greater change in landscape, culture, and education as I did in Singapore. It was an utterly remarkable trip! It was a pleasant change to have the majority of Singaporeans, be polite and mannerly -- something that is not always existent in our Malaysia lifestyle. For example, they will not cut the line when buying things, or when using evaluator they will stand aside to let the busy people pass through. The people at this function were again extremely kind, helpful, and conversant, and it made the trip ever so much more easily and save time. Besides that, I also joined the Society of automotive engineers (SAE) to visit the proton industry last month. It was gratifying experience to explore at proton industry and learn about the proton engines and its other developments. Cam-Pro engine as we know as the most save energy engine in Malaysia, it was development by combining Lotus technology with proton own technology after the proton purchase the...
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...Expanding the technology of Renewable Energy Along with fleeting time, man has improved new ways of living with new technologies. In recent years we have come across many innovations in technology. One aspect of which is renewable sources of energy. In due time we have faced shortages in conventional energy resources. So now we are opting for renewable resources. Renewable resources are very reliable and efficient. The most used ones are solar and wind resources. Burning example of them in India is Gujarat & Rajasthan! We need to establish more such new sources so that we can make optimum use of energy generated. By this way the conventional resources need not be used a lot. And we will head a step towards eco friendly environment. A communication is made between the solar panel & source of light, in which, an algorithmic pattern is implemented on the panel, which automatically positions with respect to source of light. In addition, to develop the efficiency in wind mill, we collaborate an algorithm, for flexible blades. Thus the system, irrespective of speed of wind, windmills can generate a constant amount of energy & increases the efficiency. The collaboration of wind & solar energy with excellent innovation is the main aim of the device, which leads to better efficiency. First article is a detailed explanation about efficient working of the device. Second article is all about mathematical calculation and last part is about development of efficiency in...
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...Unit 3 Case Montana Mountain Biking Jerry Singleton founded Montana Mountain Biking ( MMB) 18 years ago. MMB offers one week guided mountain biking expeditions based in four Montana locations. Most of MMB’s new customers hear about the company and its tours from existing customers. Many of MMB’s customers come back every year for a mountain biking expedition; about 80 percent of the riders on any given expedition are repeat customers. Jerry is happy with this high repeat percentage, but he is worried that MMB is missing a large potential market. He has been reluctant to spend a lot of money on advertising. About 10 years ago, he spent $ 80,000 on a print advertising campaign that included ads in several outdoor interest and sports magazines, but the ads did not generate enough additional customers to cover the cost of the advertising. Five years ago, a marketing consultant advised Jerry that the ads had not been placed well. The magazines did not reach the serious mountain bike enthusiast, which is MMB’s true target market. After all, a casual mountain bike rider would probably not be drawn to a week long expedition. Another concern of Jerry’s is that more than 90 percent of MMB’s customers come from neighboring states. Jerry has always thought that MMB was not reaching the sizable market of serious mountain bike enthusiasts in California. He talked to the marketing consultant about buying an address list and sending out a promotional mailing...
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