...Effects of Quality Management on Domestic and Global Competition Paper MGT/449 Wells Fargo versus Wachovia From the beginning in 1852, then titled Wells, Fargo & Co., the new banking and express delivery company became a well-known and trusted place to buy gold, bank, and sell paper drafts (which were as good as gold) (Wells Fargo, 1999). Since then, Wells Fargo has moved East through the United States, and has globalized. In 1929, Wachovia was incorporated as South Carolina National Bank. While the history of the banks founders date back to the late 1790’s Wachovia gained its reputation as a trustworthy Southern bank that handled all forms of banking needs including but not limited to checking, mortgage loans, securities, and insurance (The Gale Group, Inc., 2006). It was not until the 1990’s that Wachovia branched out of the South, and tailored to London, and Japan customers with that limit, the bank remained primarily domesticated. While Wells Fargo is a domestic bank their lending and financial practices have primarily become global. This paper will discuss the difference between the companies’ different versions of strategy, and customer service. Focusing on globalization and domestication, how quality management affects the position of the companies in the domestic and global market. Community Banking Versus Global Banking When guiding your business toward success, you may come across many different aspects where a decision is needed. In the banking...
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...and the Global Economy Multiple Choice and True/ False Questions 1.1 The Global Financial Marketplace 1) Which of the following firms are NOT considered to be multinational enterprises (MNEs) even if they have operations in more than one country? A) for-profit companies B) not-for-profit organizations C) non-government organizations (NGOs) D) all of the above may be considered MNEs Answer: D Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 2) "BRIC" is a term coined in 2001 to refer to a group of countries at about the same stage of advanced economic development. The BRIC countries are ________. A) Belgium, Romania, Italy, and Canada B) Brazil, Russia, India, and China C) Britain, Romania, Israel, and Colombia D) Brazil, Russia, Italy, and Chile Answer: B Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 3) According to the authors, which of the following groups or securities are at the "heart" to the global capital markets? A) debt securities issued by governments B) bank loans and corporate bons C) equity securities D) derivative securities Answer: A Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 4) ________ are the largest markets in the world. A) United States equity markets B) European debt markets C) Global currency markets D) Chinese export markets Answer: C Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 5) Domestic currencies...
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...Multinational Challenges and the Global Economy Multiple Choice and True/ False Questions 1.1 The Global Financial Marketplace 1) Which of the following firms are NOT considered to be multinational enterprises (MNEs) even if they have operations in more than one country? A) for-profit companies B) not-for-profit organizations C) non-government organizations (NGOs) D) all of the above may be considered MNEs Answer: D Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 2) "BRIC" is a term coined in 2001 to refer to a group of countries at about the same stage of advanced economic development. The BRIC countries are ________. A) Belgium, Romania, Italy, and Canada B) Brazil, Russia, India, and China C) Britain, Romania, Israel, and Colombia D) Brazil, Russia, Italy, and Chile Answer: B Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 3) According to the authors, which of the following groups or securities are at the "heart" to the global capital markets? A) debt securities issued by governments B) bank loans and corporate bons C) equity securities D) derivative securities Answer: A Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: Recognition 4) ________ are the largest markets in the world. A) United States equity markets B) European debt markets C) Global currency markets D) Chinese export markets Answer: C Diff: 1 Topic: 1.1 The Global Financial Marketplace Skill: ...
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...Security Specializations William Feathers SEC/310 February 22, 2016 David M. Bagnoni Security Specializations “Education is not preparation for life; it is life” John Dewey. Statistically educational facilities are safer than being at home, but as things change in the world, we need to start looking at making them even safer. Educational security is relatively new it has only been around for about 60 years (Ortmeier, Ph.D., 2013). In light of recent years, it should be a field that should be expanding. In this paper, I will be discussing this field of security, the role of the security manager, and the importance of the specialization in regard to security interests. Along with addressing the following questions: How does your selected specialization affect international and global business, and how does it affect domestic business? First, this specific field of security covers a broad spectrum of educational institutions from pre-k through college. Each one has their own dynamics and security risks that need special assessments. This field covers one of the world’s more precious commodities which is the safety and lives of future adults. Each person attending school has their own plans and dreams. Most of their time in a learning institution is not concerning if they are safe or not. It is spent studying, learning, and preparing to tackle the world and what they want out of life. So this field has a lot of variety to it. At one school the security...
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...Environmental Factor for Nestle Andrea Trahan MKT 421 July 30, 2012 Kenneth Peter Environmental Factor for Nestle Global Marketing has advantages that allow for centralize management and coordination of critical business functions, such as human resources, finance, and product development, according to Hammond (2012). Domestic Marketing strategy assumes consumers in different countries or geographic regions differ from one another and are ideal for highly differentiated products, according to Hammond (2012). Because it is on a local level, domestic marketing is decentralized because management responds on a local level. Potential barriers in domestic marketing are legal, political, and cultural. Culture is the biggest barrier. With global marketing some of the barriers are language barriers, market differences, no market for products and inaction. Nestle is a company that is global as well as domestic. Nestle first started in 1866 in Cham, Switzerland by Anglo Swiss condensed Milk Company, according to Nestle.com (2012). In 1867 Henri Nestle a pharmacist created one of the world’s first infant cereals in Vevey, Switzerland. The two companies merged in 1905 to become Nestle. Headquarters are still In Vevey and employ around 330,000 in 150 countries and 461 factories or operations in 83 countries. “Switzerland is a country that can be regarded as one having a Strong regionalism kind of culture which thus makes it quite difficult to refer to Swiss culture as...
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...Effects of Quality Management on Domestic and Global Competition Paper Effects of Quality Management on Domestic and Global Competition Paper Quality Management within any organization is important because it will guide the organization to success. The goal that the organization is looking to accomplish will heavily depend on what quality of service is offered to the customers. Managers, who provide quality service will increase the level of satisfaction to the customers. Businesses aim to provide the highest level of quality service and products to their customers. In this paper the student will compare and contrast two organizations, one in global market and one in the domestic market. The use of quality management will be explained for both organizations. The organizations are Lufthansa Airlines, which operate on a global level and American Airlines, which operate on a domestic level. American Airlines and Lufthansa Airlines Similarities American Airlines and Lufthansa Airlines are two of the biggest and most popular Airlines. The airlines are consistently improving the way they do business and offer total quality to their customers. Both Airlines offer a high quality of service by implementing long –term goals for the company. American airlines launched a new strategic plan for the long- term success of the airline 1. Invest wisely- Invest in customers, aircraft, facilities, and technology 2. Earn customer loyalty – offer value to...
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...Civil society organizations and NGOs have had a negligible influence on the governance of peace and security Civil society is the set of diverse groups and social organizations that are strong enough to provide protection and autonomy to individuals from the hegemonic and authoritarian tendencies of states. (Human Security Centre, 2005) Major dimensions in peace building process can be identified as: * Political and Institutional: respecting and strengthening state reform, good governance and democratization * Military and Security: Protection, demobilization, disarmament, demilitarization. * Social: basic needs and amenities, attention to the most vulnerable groups. * Economic: re-establish a stable macro-economic framework, reactivate the supply, demand & the local markets, and promote structural reforms. * Environmental: ensure a sustainable management and access of the natural resources Roles of civil society and NGOs in global governance for peace and security are: * Collect, disseminate and analyze information * Provide input to agenda-setting and policy development processes; * Perform operational functions * Assess social conditions and monitor compliance with peace and security agreements * Advocate social justice The Civil society and NGOs are crippled and have less say in the governance of peace and security because of the following reasons (DAC, 1997): * The functioning of the NGOs will be more effective...
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...international diversification- benefits and limits Project submitted for assessment of the Curricular Unit: Fundamentals of Finance and International Financial Management of the 2nd Year of the Joint Degree International Business Management 2014.01.10 Contents Introduction 3 1.1 International Portfolio Investment definition 4 1.2 Principles of International Portfolio Investment 4 1.3 The Benefits from International Portfolio Investment 5 1.4 Participation.in.Growth.of.Foreign.Markets 6 1.5 Risks of International Portfolio Investments 6 2.1 International Diversification definition 7 2.2. History of research about international diversification 9 2.3 Benefits of International Diversification 10 2.4 Costs of International Diversification 12 Conclusion 15 References 16 Introduction At first sight, the idea of investing internationally seems exciting and full of promise because of the many benefits of international portfolio investment. By investing in foreign securities, investors can participate in the growth of other countries, hedge their consumption basket against exchange rate risk, realize diversification effects and take advantage of market segmentation on a global scale. Even though these advantages might appear attractive, the risks of and constraints for international portfolio investment must not be overlooked. In an...
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...information and technologies for adapting to and mitigating climate change; improving natural resource management; helping protect U.S. food and non-food crops, agricultural animals and ecosystems from the threat of exotic pests and diseases, as well as emerging and re-emerging domestic diseases and pests; and improving the quality and safety of domestic and imported food products. Extending US knowledge and expertise to enhance agricultural development in the developing world contributes not only to their food security but also directly benefits the U.S. economy and improves domestic knowledge on a range of topics. In fact, by linking all relevant disciplines of the U.S. university system domestically and internationally on food security issues, students will become more competent, knowledgeable, and better prepared for managing the global aspects of the future world of agriculture in which they will work. As of May 2012, the world’s population is estimated to be over 7 billion and is expected to increase to over 9 billion by 2050 (U.S. Census Bureau, 2012). Currently, nearly one billion people globally are estimated to be food insecure, with 44 percent residing in Sub-Saharan Africa (Shapouri et al., 2010). In addition, many suffer from micronutrient deficiency, such as iron and Vitamin A deficiencies, which contributes to their overall health burden. Projections predict that food security will remain a major challenge over the next several decades. Changes in the demand for food and...
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...MGT680-1302D-01 Strategic Management Toolscorp Corporation’s Introduction To The Global Marketplace Strategic Plan Overview David Lomidze American Intercontinental University Dr. Leland Taylor June 17.2013 Abstract This paper will address ToolsCorp Corporation’s attempt to penetrate the global marketplace and broaden the area of the operations and sales. Overall evaluation of the establishment and the environment and Toolscorp Corporation’s long term strategic plan development in early phase and its mission and vision statements will be defined. Toolscorp Corporation’s Introduction To The Global Marketplace Strategic Plan Overview Toolscorp Corporation ToolsCorp Corporation is the well-established organization that builds power tools, lawn mowers, lawn furniture, microwaves, and ranges and located it in Tennessee. All products are manufactured locally and sold through large retailers as Sears, Best Buy, and Wal-Mart. They have some advertisement and although they have a greatly established and very promising business in US and Canada, ToolsCorp is trying to introduce its product into the global marketplace. In case of success Toolscorp will become one of the largest establishment in its field and will overcome its competitors in sales by gaining huge share of the marketplace that gives the Corporation great power of dominating the market. Mission Statement Nine essential components of the mission statement are Customers, Products or Services, Markets...
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...Domestic Environment Delta Air line is an international airline Company that provides schedule air transportation to several places throughout the whole world. The company is based in the United State of America, serving as its domestic market, since establishment and has been ranked the largest airline in the US in regard to the total number of destinations or places it serves. The Airline industry, in which Delta Air Lines serves, is one of key sectors for the economic growth of a country. The industry offers job opportunities to millions of peoples and generating nearly half of most revenue. According to Air Transport Association, 2009 the industry in USA contributes nearly 5 percent of overall Gross Domestic Product , generates more than half a trillion in annual returns and offers employment to more than ten million people. The industry worldwide is predominantly made up of the most promising players, Delta inclusive, such as Southwest, FedEx, US airways, Qatar Airlines, South Africa Airways, Virgin Atlantic, among others. These players are categorized into three depending on their revenues as; major airlines, the national airlines and regional airlines (Gale, 2005). Delta Air Line originally was operational in the agriculture industry in 1942 was it was founded as the world first aerial crop dusting corporation before venturing into the commercial airline industry. With journey coupled with continuous failures and successes, the company has grown to the level it has...
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...http://study.com/academy/lesson/what-is-international-logistics-definition-lesson-quiz.html implementing, and controlling the physical and information flows concerned with materials and final goods from the point of origin to the point of usage.' International logistics involves the management of these resources in a company's supply chain across at least one international border. Conceptual Framework It may sound complicated, but logistics is basically the management of stuff, and information regarding the stuff, from one place to another until it reaches the consumer. The logistical management of physical items may include integration of information (such as inventory databases and shipping schedules), material handling, production, packaging, inventory, transportation, distribution, storage, and security for the resources. Example of International Logistics Let's look at a simple example. Just pretend for a moment that you work as a logistics manager for a large American jewelry company based out of New York. Your company has an extensive international supply chain. We'll walk through a simplified logistical process for a diamond ring. Your diamond supplier is in South Africa. You get your gold from a supplier in China. The jewelry itself is assembled in Switzerland. Your job is to manage the supply chain from acquisition of a resource through its transformation into a finished product and until it is sold to a customer. Your responsibilities may include the following: ...
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...assets are used as the collateral (or "leverage") to secure and repay the money borrowed to purchase the target-company/asset. Since the debt (be it senior or mezzanine) has a lower cost of capital (until bankruptcy risk reaches a level threatening to the lender[s]) than the equity, the returns on the equity increase as the amount of borrowed money does until the perfect capital structure is reached. As a result, the debt effectively serves as a lever to increase returns-on-investment (ROI). The purpose of a LBO is to allow an acquirer to make large acquisitions without having to commit a significant amount of capital. A typically transaction involves the setup of an acquisition vehicle that is jointly funded by a financial investor and management of the target company. Often the assets of the target company are used as collateral for the debt. Typically, the debt capital comprises of a combination of highly structured debt instruments including prepayable bank facilities and / or publicly or private placed bonds commonly referred to as high-yield debt. India has experienced a number of buyouts and leveraged buyouts since Tata Tea’s LBO of UK heavyweight brand Tetley for ₤271 million in 2000, the first of its...
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...with the introduction for the weapons of mass destruction causing deaths of millions of innocents for the terrorist's statement, and mission. The development of the Department of Homeland Security and United States Patriot Act helped the Intelligence community, government agencies, and law enforcement departments provide viable information toward modern terrorism tactics. The fight for everlasting freedom becomes a combination of information resources working together toward the same objectives. Terrorism Phenomenon According to Jacqueline Carberry (1999), "the global terrorism phenomenon used for political aspirations, sometimes as freedom from oppression, and changing of governmental politics" (685). This phenomenon affects everyone in any city in the United States, and international world. The term terrorism has no boundaries or respect for the national and international world. Every government across the global community uses a different interpretation for the word terrorism. According to Carberry (1999), "no single set of definitions provide the answers after a terrorist attack because every terrorist group is different with mode, means, and design" (p. 688). The most selective reason for terrorism undefinable stages show in the social and political situation within, or out of any global community,...
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...1 BUSINESSES LOCATED IN INDIA Course Project Business Security and Globalization of Multinational Businesses Located in India John Doe Professor Juan Vigil GM594 – Global and Domestic Security Management Keller Graduate School of Management June 10, 2012 2 BUSINESSES LOCATED IN INDIA Abstract This paper will outline the background of the country of India to its present day. This will include a brief discussion on how the country has become an attractive location for businesses to establish a global footprint. In doing so, there are many aspects that must be considered when setting up a business of operations within India. Business security and what can be experienced when a business finally decides to take the step. This includes aspects of local governments, local culture, and employee pool, just to name a few. Then, there is the risk associated with doing business in India once the operation is established. This can include terrorism, government conflicts, and employee concerns. While there is a large list of security concerns for a business to consider before making this type of commitment, many can be avoided or at least minimized through proper planning. I will discuss solutions that can be implemented to reduce the amount of risk associated with the security adversity when establishing a global business within India. 3 BUSINESSES LOCATED IN INDIA Business Security and Globalization of Multinational Businesses Located in India Introduction Businesses...
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