...Business Prospects in India Business is that giant who resides in the whole world. Until one doesn’t connect globally one can’t come under its clutches thereby missing all the benefits it has to offer. It wasn’t until the early 1990s that India began to reap these benefits with the corroding ‘license raj’ giving way to the economic reform of Liberalization, Privatization and Globalization (LPG). Economic indicators like foreign exchange reserves, that can cover upto 6 months imports now as compared to those that could cover only 2 weeks imports then, substantiate the ameliorated scenario. On the flipside, indicators such as the current account deficit, which is worse (4%) now as compared to that in 1991 (3%), impugn India’s amiability towards businesses. India being rich and diverse in its culture and demography, exhibits a plethora of business avenues. With a population of over 1 billion, a growing middle and upper middle class that aspires for a better standard of living, the market for ventures in retail, education, wealth management, health, telecom, infrastructure development, and insurance sectors is massive. The relatively lower labour costs and a large rural population (83 million) are instrumental in attracting labour intensive IT and social enterprises respectively. In addition, there is a growing pool of consumers demanding customised and ‘indianised’ products and services and opportunities for recreation and self-improvement, which has opened doors for many innovative...
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...which help level the playing field in terms of communication and gathering information. He presents his ideas through specific stories, interviews, and conversations had with executives in different countries who have similar ideas about globalization. The Next Convergence, written by Michael Spence, expresses the idea that prior to World War II the rich countries were getting richer and the poor were getting poorer. This is the idea of divergence; modern convergence is Spence’s main claim throughout this book. Convergence is the shift in the global economy in which developing countries have experienced rapid growth. He has the idea that fairly soon the developing countries will be on par with the countries with advanced economies. Ultimately, both books have similar messages, but the messages are presented in different ways. A key aspect of Friedman’s book is that globalization occurred rapidly. The Berlin Wall collapse, occurring during the end of 1989, was his first of ten “forces” that flattened the world. Throughout thousands of years of human existence and multiple economies, I do not believe any have experienced a rapid increase in technology which then sparked a quick change in the global economy. This idea of rapid globalization is seen in Spence’s work. The pattern change towards convergence began after WWII. A hidden idea that is somewhat mentioned in Friedman’s work is that the efforts of individuals and governments in developing countries have shown initiative...
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...1 Was “Englishnization” a good idea for Rakuten? What are the costs/benefits of such a policy? Rakuten’s decision for “englishnization” of the company is 100% in line with the trend that “English is now the global Language of Business” Englishnization of global corporations: Strategy is Needed by Sebastian Reiche blog.iese.edu It still doesn’t mean an easy transition. People naturally oppose any changes and that can lead to higher costs especially in the beginning stages. The way Mikitani announced the “Englishnization” policy, without consulting with his management team did not prepare any employees for this change. The employers were immediately put under a lot of stress and experience a lot of pressure. Also linking the worker’s salaries to their English results and improvements increases the stress and uncertainty among employers. Higher stress levels normally have a negative impact on your efficiency and result in lower productivity. Poor communication (because of the immediate ban on any other language) also leads to lower productivity due to misunderstandings and waste of time. Despite these original costs in the short term, this Englishnization policy will have a lot more benefits for the company in the long way. As mentioned above English is the Global language of Business and this policy will lead to better communication between all international business. Being English efficient, managers will understand their competitors strategies better and will...
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...Microsoft’s Xbox Student’s Name: Glen F. McGregor Institution’s Name: Northwood University Microsoft’s Xbox This research paper presents the marketing strategy and philosophy used by Microsoft in selling their gaming console, the Xbox. The paper will evaluate and describe in depth the marketing of Xbox gaming and system. The research and assessment has been conducted by the developing company, Microsoft Corporation. Xbox comes in a variety of versions. One of the most popularized consoles is the XBOX 721X, a system upgrade that will be released to the market in 2015 (Lacher, Roth, Keller, & Schumacher, 2004 ). The earliest Xbox was in the market in 2001. It was marketed as being one of the leading gaming systems of the time. As technology advanced, the Xbox advanced too. The Xbox360 was brought to the market in the mid 2000’s. A new year calls for new surprises. In 2015, Microsoft will release the Xbox721x. The question then is, what strategy has Microsoft adopted in marketing the Xbox gaming console? Advertisement A new gaming system always comes with a lot of the excitement from the users. However, to know that a new product has been released to market, a company has to invest in advertising. There is a need for good advertising. Microsoft’s advertising has never disappointed its clients. It always meets virtually all consumer expectations. Generally, when Microsoft’s name is on a product...
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...SWOT is an acronym used to describe the particular strengths, weaknesses, opportunities, and threats that are potential strategic factors for any company. A SWOT approach should not only result in the identification of a corporation distinction competencies - the particular capabilities and resources that a firm possesses and the superior way in which they are used – but also in the identification of opportunities that the firm is not currently able to take advantage of due to a lack of appropriate resources (Wheelen, Hunger, Hoffman, and Bamford, 2015). I chose to conduct my SWOT analysis on Google. STRENGHTS Perhaps the biggest strength of Google is that it is the undisputed leader in search engines, which means that it has a domineering and lion’s share of the internet searches worldwide. It has more than 68% of the market share for internet searches and the competitors do not even come close to anywhere that it does (Tower, 2014). Google has become a household brand in the world, just like McDonalds, Apple, and Facebook. Its ability to drive internet user traffic is legendary and this has helped it become one of the most powerful brands in the world. Indeed, Google averages more than 1.2 Billion hits a month in terms of the unique searches that users perform on the site. This gives it an unrivalled and unparalleled edge over its competitors in the market. Its revenue model wherein it garners humungous profits through partnerships with third party sites has held the...
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...Reviewing a company’s financial health and conducting a benchmark analysis are two key components for any investor when considering a potential company to invest in. We will be comparing Motorola Mobility, Apple Inc., and Nokia Corporation to specifically find where Motorola Mobility falls in line with its competition in the cellular manufacturing industry. In addition to comparing the income statements, balance sheets, and cash flow of each company we will also be looking at how Motorola Mobility compares to the competition in the realm of technology and how globalization has impacted the company. Finally, we will take a look at conducting a benchmark analysis regarding Motorola Mobility’s best practices, its operational processes and procedures, and its products in comparison to Apple Inc. and Nokia. It is important to note while Business Analysis II reviewing the financial health of Motorola Mobility and Nokia that these two companies focus primarily on cellular phone manufacturing while Apple Inc. also includes the sales of its computers. However because of the Apple iPhone and iPad, Apple is a major competitor and leader in the cellular phone industry, and should be included. In the context of corporate financial reporting, the income statement summarizes a company's revenues and expenses quarterly and annually for its fiscal year. The final net figures, as well as various others in this statement, are of major interest to the investment community. Investors must...
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...Straman Chapter 1 1. Where are we now? 2. Where do we go want to go from here? 3. How are we going to get there? Strategy - how to attract and please customers, how to compete against rivals, how to position the company in the marketplace ad capitalize on attractive opportunities to grow the business, how best to respond to economic and market conditions, how to manage each functional piece of the business, how to achieve performance targets Sustainable competitive advantage - set a company apart from its rivals - staking out a market position that is not crowded with strong competitors 1. low-cost provider strategy 2. broad differentiation strategy 5. a best-cost provider strategy deliberate strategy, abandoned strategy elements, emergent strategy, realized strategy Business model – customer value proposition - profit formula The three tests of a winning strategy 1. How well does the strategy fit the company’s situation? (internal and external) 2. Is the strategy helping the company achieve a sustainable competitive advantage? 3. Is the strategy producing good company performance (profitability and financial strength AND advances in company’s competitive strength and market standing)? Chapter 2 1. Developing a strategic vision, mission and values 2. Setting objectives 3. Crafting strategy to achieve the objectives and move the company along the intended path 4. Execute the strategy 5. Monitoring developments, evaluating performance and initiating corrective...
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...of recent years is around 12% and the business pioneer's four-year normal is around 25%. The business normal is figured to be just over 20%. With such a low profit for ventures, FedEx does not seem to have a game changer in the delivery administrations industry. Distinctive Competencies FedEx’s existing competencies include brand equity, strong infrastructure and a fierce commitment to innovation and technology. These competencies enabled FedEx to become the premier express delivery company in the world. Although FedEx still trails UPS and DHL in terms of competitive advantage, these competencies will enable FedEx to make inroads and eventually gain a competitive advantage in the shipping industry. SWOT Analysis: FedEx Strengths • Good brand image • Best home delivery service among other corporations • Innovative and proper R&D • Large scale procedures • New and developing use of technology FedEx Weaknesses • High costs relative to rivals • Not as good globally • Less focused ground shipping • Not completely differentiable from UPS • Extremely exposed to economic conditions and fuel prices FedEx Opportunities • Corporative methods in remote nations • Intermodal cargo shipping and container stockpiling • Acquire smaller organizations to expand market • Globalization of exchange • Shopping can be done Online Fedex Threats • Rising transportation expense, rising fuel prices • Fixed and high prices • Economic downturn has eliminated on volume generally • Many clients and...
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...1. History of Tesla Motors Global warming is the issue of universe but let’s keep it limited with our planet EARTH, to save earth from global warming Tesla motors took great step ahead to control pollution on EARTH by discovering electric car with high cost saving cars, soon they will be launch electric motorcycles. Tesla motors are baby of great person ELON MUSK and his team, who is founder of PAYPAL, SPACEX and now TESLA MOTORS. His visionary thinking to save planet by pollutions, creating spacecraft which is reusable gave him big success in markets of world. Company’s main strategy is to provide high cost affordable electric cars, which will help us to save earth from pollution. (Executives. (2012, June 26). Executive Bios. Retrieved March 31, 2014) Tesla Motors, Inc. is an American company that designs, manufactures and sells electric cars and electric vehicle power train components (EVs).Tesla Motors is public company that trades on the NASDAQ stock exchange under the symbol TSLA. In the first quarter of 2013, Tesla posted profits for the first time in its ten year history.Tesla Motors first gained widespread attention by producing the Tesla Roadster, the first fully electric sports car. The company's second vehicle was the Model S, a fully electric luxury sedan.Tesla also markets electric power-train components, including lithium-ion battery packs, to automakers, including Daimler and Toyota.Tesla's CEO, Elon Musk, has said he envisions Tesla as an independent automaker...
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...“Game-changing innovation comes not just from disruptive, “big-bang” product innovations but also from leveraging what your business does best to create a competitive advantage.”(Lafley, 2008) COLLABORATION AND INNOVATION AT PROCTER & GAMBLE CASE STUDY Prepared by: xxxxxxxxx Lawrence Technical University Management Information Systems, MIS-6013 Professor Patrick Mach Evans February14, 2012 Table of Contents Introduction 3 Analysis 6 Conclusion 16 References 17 Introduction When the typical consumer hears the name Procter and Gamble they might think of Ivory Soap, Tide, Pantene, Pampers, or possibly Swiffer. The reason being is that these are a just a few of the everyday household products that have been contributors to the huge success of Procter and Gamble. But when another consumer product company hears the name Procter and Gamble – they think of innovation, leaders on the cutting edge of technology, and one of the front runners in globalization. Procter and Gamble, also known as P&G, has been a key element of American business for over 150 years. In 1837 a small soap and candle company formed in Cincinnati, Ohio. This little business, named after brother-in-laws, Procter and Gamble, has since grown to a global giant with 138,000 employees working in more than 80 countries. (P&G Revolutionizes Collaboration with Cisco, 2008) P&G is the largest manufacturer of consumer products in the world and one of the top 10 largest companies...
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...7/29/2013 Management Information Systems Chapter 1 Chapter 1: Information Systems in Global Business Today Learning Objectives Information Systems in y Business Today VIDEO CASES Case 1: UPS Global Operations with the DIAD IV Case 2: Google Data Center Efficiency Best Practices Instructional Video 1: Green Energy Efficiency in a Data Center Using Tivoli Architecture Instructional Video 2: Tour IBM’s Raleigh Data Center 1.2 • Understand the effects of information systems on business and their relationship to globalization. • Explain why information systems are so essential in business today. • Define an information system and describe its management, organization, and technology components. Copyright © 2014 Pearson Education, Inc. Management Information Systems Chapter 1: Information Systems in Global Business Today Management Information Systems Chapter 1: Information Systems in Global Business Today Learning Objectives (cont.) Shortening Lines at Disney World: Technology to the Rescue • Define complementary assets and explain how they ensure that information systems provide genuine value to an organization. • Describe the different academic disciplines used to study information systems and explain how each contributes to our understanding of them. • Explain what is meant by a sociotechnical systems perspective. 1.3 Copyright © 2014 Pearson Education, Inc. • Problem: Long lines limit how many rides, shops, and restaurants a ...
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...First, the term competitiveness, and various methods used to measure it will be discussed. The second section will examine one competitiveness indicator in which the US excels. Two competitiveness indicators in which the US underperforms will be explored in the third section, and in particular, ways in which these indicators could be improved. Finally, the extent to which current practices match theories will be discussed. There is no accepted definition for the term “national competitiveness and it has become a much-debated concept. Clark and Tracey (2004) argued that the definition of competitiveness is one of the many unresolved debates posing significant challenges to contemporary academic inquiry and policy-making in the field of globalization and economic integration. Equally, Chursin and Makarov (2015 p.4) note that “with reference to an economic entity, market participant, economic process, etc., the meaning of competitiveness is interpreted in terms of the purposes, problems, and the content of the study”. In other words, “competitiveness is a concept that is widely but not consistently used and that can be analyzed at various levels - by groups of countries,...
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...Word count Jerri Stewart DeVry/Keller University Human Resource Management 590 Professor January 25, 2013 Job Analysis Requests for new full time employees must define the position clearly and its relevance for a new position. Why do a job Analysis? As stated by Ghorpade, Jai, (1988, p 1), a job analysis uses a variety of methods but serves to bring purpose to the organization and serves as legal compliance tools for EEOC and ADA. It provides the advantage of getting first hand information on identifying and verifying useful data for performing the job. Some disadvantages of a job analysis are it is time consuming, requires a useful sample size, and does not take into account most mental tasks. The job analysis is designed to collect and gather information on the process of job related duties a person will perform on the job. The data is used to develop and support the job itself, the job description; helps formulate an appropriate classification for the job and the job performance evaluation. The job analysis should clearly list the specific duties the person will be responsible for and how much time it will take to complete each task. In determining job functions it is important to remember the actual duties to be performed and that they are essential to the job. The level of experience will be required and any special training or education that will also be needed in order for it to be evaluated. There should be a clear purpose for analyzing...
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...Executive summary This report seeks to define Environmental sustainability and examine its importance in the contemporary world of corporate dominance in the world arena. Business activities are regularly having an increasing contribution to environmental problems and threatening sustainability. Phenomena like climate change and extreme weather events have evidenced the effects of relentless use and overuse of natural resources. The need for environmental sustainability has become important now more than ever following the occurrence of repeated natural disasters and studies showing the ill effects on human health. It has been established that the misuse of natural resources can threaten the existence of future generations. The role of businesses, civil society and governments has been discussed in the context of environmental sustainability in this report with focus on climate change. The oil and gas sector is an important sector in terms of sustainability related to the environment. The sector has been scrutinized widely for occurrences like leakages and oil spills. The companies in this sector have a huge impact on the environment. The importance of oil companies in the path to sustainable development has been discussed. The multinational giants British Petroleum and ExxonMobil have been used as case studies to understand the kind of initiatives being taken in this sector for a sustainable environment. Lastly, the challenges related to the sector in implementing these initiatives...
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...change supplies, apparatuses and yard and patio nursery supplies, and additionally stock nook things' and stock restricted to match the customer's specific market needs (Home Depot, 2014). The Home Depot has more than 2,200 supportive regions all through the United States (numbering the spaces of Puerto Rico and the Virgin Islands), Canada, China and Mexico. Stores typical 105,000 square feet with give or take 23,000 additional square feet of outside greenery walled in area zone (Home Depot, 2014). One clarification to survey and satisfy the business' possibilities is to look at the strategies and system for a supplementary client administration. Home Depot offers developing responsibility to build up every asset to make a compelling game changer and oversee logistics inside of the store network. A strong establishment inside of the brand of home change sets up the desires impact and makes impacts on acquisition techniques, arrangements and methods that are distinguished in Home Depot's obtainment process. Variables These administrations involve arrangement...
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