...118424 INTRO TO IB KEY WORDS AND CONCEPTS Conceptual Foundations of International Business Strategy 1. Internationally transferable FSAs . Tacit knowledge = personal knowledge MNE’s heritage=key routines developed by the firm since its inception. 4 archetypes of administrative heritage: • Centralized exporter=only exporting the standardized product, no activity in host country. • International projector=FSAs from home country copied, no development of new ones. • International coordinator=different parts of the production process in different countries. • Multi-centered MNE=does everything(produce, sell, etc.) in the host country. 2. Non-transferable or location bound FSAs. 4 types of non-transferable FSAs: • Stand-alone resources=linked to location advantages. Such as certain immobile markets. • Other resources=such as local marketing knowledge, don’t have same value abroad. • Local best practices=routines which are highly effective at home, not the same abroad. • Recombination capabilities=taking FSAs/products from home and adapt it to host country. 3. Location advantages. !Strengths of a location, useable for all the firm’s operations in that location. !The reason why an MNE should go there. Foreign direct investment(FDI)=the allocation of resource bundles by an MNE in a host country with the purpose of performing business activities over which MNE contains strategic control. 4 motivations to perform activities abroad: • Natural resource seeking. • Market seeking. •...
Words: 2493 - Pages: 10
...Contenido Current role of China – industry overview 1 (subcomparison) Challenges 1 Comparison 2 Why China? 2 Market segments 2 Case study 2 Influence of China in the Global Supply Chain 3 China’s changing logistics Challenge 3 Future role of China 3 1. Intro – Why China, past growth of China to become what it is now 2. Current Market – Role (Market Share) a. Comparison (with developed and developing Economics) Vs India Vs Brazil b. Challenges Current role of China – industry overview http://www.kpmg.com/cn/en/IssuesAndInsights/ArticlesPublications/Documents/Transport-Logistics-in-China-201112.pdf http://www.boozallen.com/media/file/Integrating_China_into_Your_Global_Supply_Chain.pdf http://www.slideshare.net/kcyoon/china-logistics-industry-trends-investment-opportunities2011 Challenges http://www.funggroup.com/eng/knowledge/research/china_dis_issue96.pdf Comparison http://www3.weforum.org/docs/WEF_GAC_GlobalTradeSystem_Report_2012.pdf Why China? Past : http://www.scdigest.com/assets/On_Target/09-08-05-3.php http://www.prweb.com/releases/2011/3/prweb8255953.htm http://www.iisd.org/trade/china/markets.asp http://www.topix.com/forum/world/TP5F0RE0CMU49216B http://www3.weforum.org/docs/WEF_GAC_GlobalTradeSystem_Report_2012.pdf Market segments http://www.slideshare.net/kcyoon/china-logistics-industry-trends-investment-opportunities2011 Case study Goodyearhttp://www.boozallen.com/media/file/Integrating_China_into_Your_Global_Supply_Chain...
Words: 326 - Pages: 2
...intro The case focuses on the future of a monastery located in the Rocky Mountains and the vision and strategy of its coffee business. The vision of the monastery is to buy a ranch of $8.9 million in the Rockies. The point of the case is to evaluate to what extent Mystic Monk Coffee can be relied to provide the financial resources to achieve the monastery‘s vision and make recommendations to improve Mystic Monk Coffee's performance Summary As the Prior of the Carmelite Order of monks in Clark, Father Daniel Mary has established a future direction for the Carmelite Monks of Wyoming. He has a clear vision that he wants to expand the monastery by buying a 500-acre ranch, which can enable to build a Gothic church, a convent for Carmelite nuns, a retreat center for lay visitors, and a hermitage including 30 monks. Father Daniel Mary cannot make the vision come true unless he can collect enough money to pay for the $8.9 million listing price of that ranch. In this circumstance, the vision for Mystic Monk Coffee (MMC) is to sell more coffee to fund the Carmelite Monks of Wyoming. Therefore, the mission of the Carmelite Monks of Wyoming is to develop an action plan that would enable MMC to minimize the effect of its cloistered monastic constraints, maximize the potential of monastic opportunities, and realize Father Daniel Mary’s vision of buying that ranch. In order to obtain more market share and increase the profit of MMC, Father Daniel Mary should cooperate with local groceries...
Words: 281 - Pages: 2
...Steve Fernandez Professor Coriaty English 52: Intro College Composition 19 Feb. 2013 Leader of Successful Traits A successful leader must maintain a high degree of impeccable standards. He or she must possess three ideological traits in order to become very successful. This individual will contain qualities of having complete organizational skills, nothing less then setting a standard in punctuality, and most of all they will always be optimistic at any given time. To be organized is a great trait to have. People may say they have organizational skills, on the contrary to that belief not many people can maintain systematic organization skills. In the job market organizational skills is one of the most important transferable job skills a worker can possess. Companies need workers who can stay organized and focus on the projects at hand. However, company managers must also organize the work for their employees. Organizational skills in the workplace are a multitude of key factors. Organization can be classified as systematic, neat, clean, diligent and having a formal organization. To have an organization skill set is one of the most under estimated skill traits in the job market today. Another great trait to have as a leader is punctuality. The importance of punctuality is often overlooked. It reflects on your image as a person and as an employee at the workplace. Punctuality is not exaggeration of an important job skill; it is one of the most ideal skill traits that will...
Words: 520 - Pages: 3
...Hospitality Markets Analysis Marketing Analysis – Portsmouth Football Club Report Table of Content Part 1: Executive Summary Part 2: Intro Part 3: Hospitality Marketing Analysis Strategic Marketing Analysis Strategic Competitor Analysis Part 5: SWOT Analysis of Portsmouth FC Hospitality Services Strengths Weakness’s Part 6: Customer Research (Questionnaire) Questionnaire Finds Part 7: Recommendations for the organisation Marketing Objective Brand Management Improve awareness Recommended marketing Activities Part 8: Conclusion Executive Summary This report contains an analysis of Portsmouth FC’s hospitality markets in attempts to widen their brand name and recognition in not only the football aspect of its daily business but also within that of its hospitality services. This Analysis contains various marketing models, which range from SWOT Analysis, Porters Five Forces, PESTEL and Ansoff Matrix. This reach documents the organisations hospitality markets both internal and externally and analyses all affecting factors that prohibits the growth of club’s hospitality services. Intro For our Marketing analysis, we were tasked to create a hospitality report for Portsmouth’s local football club, ‘Portsmouth FC’, in an attempt to help the organization properly marginalise profits by appropriately utilizing resources. Portsmouth FC has seen the worst of times due to its financial issues and a number...
Words: 1293 - Pages: 6
...Strategy D.R. Horton, Inc. is one of the largest homebuilding companies in the United States. They construct and sell high quality homes through their operating divisions in 27 states and 75 metropolitan markets of the United States, primarily under the name of D.R. Horton, America’s Builder. It’s among the Fortune 500 Company and its common stock is included in the S&P 500 Index and listed on the New York Stock Exchange. Their size of operations has substantially decreased due to the weakened markets for new homes. Business Strategy The company has maintained significant year-over-year growth and profitability. It achieves this this growth through an operating strategy focused on capturing greater market share, while also maintaining a strong balance sheet. They execute their strategy by investing available capital in their existing homebuilding markets and opportunistically entering new markets. They have been actively been involved in evaluating homebuilding acquisition opportunities as they arose, some of which resulted in acquisitions and contributed to growth in their business. They have enhanced their leverage on general and administrative activities, and this has allowed greater flexibility to compete for greater market share in the markets. Liquidity Analysis A company's liquidity is its ability to meet its near-term obligations, and it is a major measure...
Words: 2710 - Pages: 11
...Analysis Table of Contents: 1. Intro: A Glimpse Into Duracell 2. The Marketing Plan a. Relationship Marketing b. Current Marketing Enhancement c. The Environmental Approach 3. Summary 4. Conclusions 5. References Intro: A Glimpse Into Duracell Duracell is one of the most recognized, on a global level, battery producing companies. Duracell is also a member of the Gillette Company, and the global market leader, covering over 50% of the U.S. market share. Duracell, however, has often had to rethink its marketing and pricing strategies to stay competitive, especially against low cost competitors which started appearing on the market in the late 1990s. Technology has advanced dramatically lately, and the devices usually powered by Duracell batteries have developed their own rechargeable batteries, or have shrunk in size, become incredibly small and calling for a complete redesign of the concept of battery. Duracell has launched new redesigned lines of batteries often during the last decade, but never revolutionized the concept of battery, for obvious technological reasons. It is important to keep in mind that Duracell, as part of Gillette, follows a centralized marketing and research and development approach which is guided by the Gillette Corp. In order to get an idea of the current state of Duracell, I will offer a quick recap: Duracell currently covers over 50% of the North American (Including U.S.) market, its sales have been over 2 Billion...
Words: 1423 - Pages: 6
...FA ND OM UNB OUND —-1 —0 —+1 561-47344_ch00_1P.indd i 7/27/11 6:21 PM -1— 0— +1— 561-47344_ch00_1P.indd ii 7/27/11 6:21 PM FAN DO M U N BOUND Otaku Culture in a Connected World Edited by MIZUKO ITO DAISUKE OKABE IZUMI TSUJI —-1 —0 —+1 New Haven & London 561-47344_ch00_1P.indd iii 7/27/11 6:21 PM Published with assistance from Copyright © 2012 by Yale University. All rights reserved. Subject to the exception immediately following, this book may not be reproduced, in whole or in part, including illustrations, in any form (beyond that copying permitted by Sections 107 and 108 of the U.S. Copyright Law and except by reviewers for the public press), without written permission from the publishers. The author has made an online version of this work available under a Creative Commons Attribution-Noncommercial 3.0 License. It can be accessed through the author’s Web site at http:www.itofisher.com/mito. Yale University Press books may be purchased in quantity for educational, business, or promotional use. For information, please e-mail sales.press @ yale.edu (U.S. office) or sales @ yaleup.co.uk (U.K. office). Designed by James J. Johnson Set in Janson Roman and Helvetica type by Westchester Book Group, Danbury, CT Printed in the United States of America [[CIP info to come]] A catalogue record for this book is available from the British Library. This paper meets the requirements of ANSI/NISO Z39.48-1992 (Permanence...
Words: 8227 - Pages: 33
...Understanding the Concepts Trina Gray Strayer University Intro to Finance Professor Michael Hamuicka March13, 2013 Understanding the Concepts Understanding the concepts of business is to know how the world works as defined by mathematical formulas and other representations of cause and effect in the physical world. Using ratios to be able to observe the world reason and draw accurate and rational conclusions. To understand how small businesses differ than large businesses it’s based on the current situation and future possibilities using profit seeking activities to convert factors of production into goods and services for customers in the market to achieve the business objectives. Liquidity is the ability to meet obligations when they are due. To measure your liquidity or your company’s success by meeting its short term obligation current assets to current liabilities Current asset include inventory product you sell and accounts receivable are your credit accounts Converting balances to cash Inventory turnover ratios can tell you how fast or slow the inventory is selling. Accounts receivable ratios can tell you if your customers are paying you or not. You need more assets than liabilities on your balance sheet at all times. How much cash a business generates and how much cash from core operations. The company will struggle to succeed if it has less money. Finical ratios are tools used for internal and external evaluations of the business performance Its effectiveness...
Words: 859 - Pages: 4
...Matthew Requejo The Contemporary American Family: 21st Century, Social Class, and Race Coastline Community College Intro to Marriage & Family M. Go 3-1-12 One of the issues confronting modern families is the economy. Every small business to large corporations are finding ways to cut costs, reduce energy and streamline the way business is done. One unfortunate way companies do this, is by laying off citizens or downsizing their company. This reduction in jobs certainly and most dramatically affects modern families because families are forced to commute to different towns and even more extreme, to different states to find employment. Due to these economics, it effects a majority of the socially underprivileged more and here is why. Low-income families tend to have less-education, multiple partnerships, and more breakups. This leaves them vulnerable in an unstable job market and unable to look for steady employment. Whereas the moderate to higher income families who have college education have adapted to the economic spiral and are able to confront the job market with skillsets/marketability. Andrew Cherlin explains in his book, “The marriage –go-round,” that college educated individuals are the winners in this globalized and automated economy. HE describes he skills that college educated people have, such as analytical and having the ability to conduct abstract tasks. These abilities are in high demand because of the changing technological world. The impact on non...
Words: 453 - Pages: 2
...Section 007 I, Brandon LoPresti, affirm that I have not and will not give or receive unauthorized aid on this deliverable and I will complete this work honestly and according to the instructor’s guidelines. Executive Summary As the Chief Executive Officer of Digby Company, I am proud to present a report on the status of our company to the Board of Directors. Here at the Digby Company, our strategy strives to provide our customers with the best products to increase our overall revenue growth and stock to satisfy our shareholders. Throughout eight years, Digby has used an aggressive strategy of investing heavily into R&D, production, and marketing. Because of our strategic decisions, we were able to take control of 40.36% of the market share, completely dominating our competitors in every segment. Our stock price has increased over 1000%, and our sales revenue has increased by 268%. We as a company have increased our S&P from CCC in our first year to AAA in year seven. Our finance, R&D, and production departments have been the major factors in the success of our company. We must also give credit to the hard-working employees that have devoted so much time and effort into building Digby into what it is today. Without their dedication, our company’s strategy would have been unsuccessful. As Digby moves forward as a company, we will continue to follow our strategy of investment and growth to expand our assets. To reach our ever-growing demand, we will continue to...
Words: 1006 - Pages: 5
...INTRO TO FINANCE CHAPTER 2 SUMMARY 1. The Balance Sheet Also known as Statement of Financial Position Lists the firm’s assets and liabilities The Balance Sheet Identity: Assets = Liabilities + Stockholders’ Equity Current Assets: - Cash or other market securities (short-term low-risk investments that can be easily sold and converted to cash) - Account Receivable (amounts owed to firm by customers who purchased on credit) - Inventories (raw materials, work-in-progress, finished goods) - Other assets (items such as pre-paid expenses like insurance) Long-term Assets: - Net property, plant and equipment (real estates or machinery that produce tangible benefits for more than one year) shows the book value of these assets (acquisition costs less accumulated depreciation) - Goodwill and Intangible Assets (brand names and trademarks, patents, customer relationships), suffers from amortization or impairment charge (value lost over time) - Others such as property held for sales, investments in long-term securities Stockholders’ Equity The difference between the firm’s assets and liabilities An accounting measure of the firm’s net worth Book Value is inaccurate as - Assets are mainly valued based on their historical cost rather than their true value today - Many of the firm’s valuable assets are not captured on the balance sheet (such as expertise, customer...
Words: 652 - Pages: 3
...Redundancy essay Discuss the proposition that pursuing short-term cost-cutting through redundancy and downsizing is likely to lead to the creation of lowered employee morale and greater insecurity in employees. Intro People Resourcing and Talent Planning – Pilbream and Corbridge People make the difference to organizational performance and are a source of competitive advantage, but a redundancy situation can unbalance and the organization and destroy the motivation, trust and commitment of the people upon whom the organization will rely on for future success. Redundancy often endangers fear and insecurity which damages the psychological contract between employers and employees, which is detrimental to the organization. What is redundancy and downsizing ACAS: ‘British industry requires constant review of products , methods of work and the application of new technology. The ability to remain competitiveness in the worlds markets depends on this. It is inevitable, however, that the redeployment of labour and redundancies will sometimes be necessary. A poorly thought out approach to change can result in a level of uncertainty which damages company performance and, should redundancies be unavoidable, may lead to financial and emotional costs to the individuals affected’ (Advisory, Conciliation and Arbitration Service, 2009, Redundancy Handling: Advisory Booklet 12. London) People Resourcing – Steven Taylor ‘In the uk the term redundancy is defined by law...
Words: 427 - Pages: 2
...Abbott Laboratories Intro Abbott Laboratories is a 125 year old global diversified pharmaceuticals and health care company. Abbot is a fortune 200 company that has 90,000 employees with a market cap of 58.5 billion trading on the NYSE as the ABT ticker symbol. Abbotts diversifies their business by serving the following biomedical segments: diagnostics, vascular, diabetes, vision, nutrition, pharmaceuticals and animal care. The global presence is in 130 countries and 70% of Abbott’s net sales’ coming from oversees operations and generated 5.96 billion in net income in 2012. The stock price has increase 25.8% in 52 weeks and 19.7% year to date with a range of $29.48-$38.77. The ABT stock yields 1.5% divined yield annually with an earnings per share of 3.29 and a price per earning of 11.4. Abbott current equity holders are 67.9% institutionally held and 32.10% other. Assets held by Abbott are 67.23 bil. and liabilities of 40.51 bil. equaling 26.72 bil. in stockholders equity. Mission Statement We are here for the people we serve in their pursuit of healthy lives. This has been the way of Abbott for more than a century—passionately and thoughtfully translating science into lasting contributions to health. Our products encircle life, from newborns to aging adults, from nutrition and diagnostics through medical care and pharmaceutical therapy. Products and Segments * Diagnostics * Immunoassay and clinical chemistry * Hematology * Molecular ...
Words: 832 - Pages: 4
...Mariam Diab ID:10931041 Sec: C Date: 19-4-2014 Dr.Ali Dirani IMGT497 Entrepreneurship 1- Competitive intelligence is the action of defining, gathering, analyzing, and distributing intelligence about products, customers, competitors, and any aspect of the environment needed to support executives and managers making strategic decisions for an organization Competitive intelligence is an ethical and legal business practice, as opposed to industrial espionage, which is illegal Competitive intelligence essentially means understanding and learning what's happening in the world outside your business so you can be as competitive as possible. It means learning as much as possible as soon as possible about your industry in general, your competitors, or even your county's particular zoning rules. Ethics has been a long-held issue of discussion among CI practitioners. Essentially, the questions revolve around what is and is not allowable in terms of CI practitioners' activity. A number of very excellent scholarly treatments have been generated on this topic, most prominently addressed through Society of Competitive Intelligence Professionals publications. The book Competitive Intelligence Ethics: Navigating the Gray Zone provides nearly twenty separate views about ethics in CI, as well as another 10 codes used by various individuals or organizations. Combining that with the over two dozen scholarly articles or studies found within the various CI bibliographic entries, it is clear...
Words: 1074 - Pages: 5
