...General: Process of attaining close and seamless coordination between several departments, groups, organizations, systems, etc. 2.Companies: Merger of two or more firms resulting in a new legal entity. 3.Contracts: Amalgamation of two or more agreements into one contract that serves as a full expression of the intent of the contracting parties. A term used to describe the use of the Internet to replace physical components of a company with information. A business engaged in virtual integration owns only their brand and their clients. This eliminates the need to physically produce, ship or handle any products as they are now outsourced. Read more: http://www.businessdictionary.com/definition/virtual-integration.html#ixzz3EphPUex0 ://www.businessdictionary.com/definition/integration.html#ixzz3EpfP12T2 DEFINITION of 'Vertical Integration' When a company expands its business into areas that are at different points on the same production path, such as when a manufacturer owns its supplier and/or distributor. Vertical integration can help companies reduce costs and improve efficiency by decreasing transportation expenses and reducing turnaround time, among other advantages. However, sometimes it is more effective for a company to rely on the expertise and economies of scale of other vendors rather than be vertically integrated. INVESTOPEDIA EXPLAINS 'Vertical Integration' Backward and forward integration are types of vertical integration. A company that expands backward...
Words: 3826 - Pages: 16
...Market Integration Name Institution Question one Determine whether integration efforts should start with suppliers, distribution, or both. Explain the rationale for your decision. The process of supply chain combination entails joint work between the intended buyers and suppliers, combined product development, familiar systems and shared information. This process can be utilized to strengthen the efforts in the field of competition and provide companies with more advantages over their competitors in the market. Therefore it is prudent that the process of integration should begin with suppliers who are the people who avail the necessary and sufficient goods and services needed by hoards of customers in the market. Generally, there are two categories of indirect paths to be hypothesized to show the intervention with the suppliers. First and foremost the higher the view in the plan of selecting suppliers the higher the likelihood of increased integration. (Koufteros, Vickery, & Droge, April 2012, pg. 99).again, the need for intervention would demand that the degree of integration of suppliers the better the increased competitive abilities of the buyers. The controversy on the suppliers combination and buyers performance abilities are connected on the basis that the durability and the achievement of the suppliers depend on the relationships that the purchasing firm has developed, or is developing. Question two Recommend ways that DIMCO could benefit from leveraging...
Words: 903 - Pages: 4
...The Integration of AskHR MGMT404 Project Management April 25, 2013 Table of Contents Executive Summary Scope Statement Work Breakdown Structure Network Diagram Risk Management Plan Resource Management Plan Communication Management Plan Executive Summary Several years ago we signed a contract with an outside vendor to handle our HR calls; this company was mostly there to assist during open enrollment and to answer the questions of colleagues as it pertained to their Benefits through our corporation. We set high expectations, however, shortly after the launch we started experiencing longer than usual hold times, and the miscommunication of accurate information began to increase. We received tons of unsatisfactory emails and calls from disgruntle colleagues pleading for an alternative to calling the “solution center.” While we really wanted the experience to be pleasurable, it was extremely difficult to change the already tarnished reputation the vendor had established with our colleagues. After a year and a half of negative feedback we decided to sever ties with the vendor, and the search for alternatives began. After several meetings with the Senior Leadership Team it was determined that providing the type of relatable service that expressed care and concern could only be provided by colleagues of our corporation who understood how Benefits are administered. It was later decided that we would bring our service center in-house and staff the...
Words: 2647 - Pages: 11
...Introduction Attention Statement: On the morning of September 23, 1957, the nine African-American high school students faced an angry mob of over 1,000 White Americans protesting integration in front of Central High School in Little Rock, Arkansas. Thesis: I am here to inform you about the Integration at Central High School which the President Eisenhower had to send in 1,000 army paratroopers and Governor Orval Faubus Body I. Main Point: President Eisenhower had to send in 1,000 army paratroopers for the students to be able to walk into the school. 1. Under escort from the U.S. Army's 101st Airborne Division, nine black students enter all-white Central High School in Little Rock, Arkansas. 2. After a tense standoff, President Dwight D. Eisenhower federalized the Arkansas National Guard and sent 1,000 army paratroopers to Little Rock to enforce the court order. 3. President Dwight D. Eisenhower sent in federal troops to ensure that the black students made it to school. II. Main Point: Governor Orval Faubus had surrounded the school with National Guard troops to prevent its federal court-ordered racial integration. 1. On September 2, Governor Orval Faubus—a staunch segregationist—called out the Arkansas National Guard to surround Central High School and prevent integration, ostensibly to prevent the bloodshed he claimed desegregation would cause. 2. Governor Faubus, acting under the authority of a state law that granted him the power to close schools, ordered the high...
Words: 255 - Pages: 2
...Marketing Strategy and faith integration: James n. Cassell October 26, 2014 “When he returned, having received the kingdom, he ordered these servants to whom he had Given money to be called to him that he might know what they have gained by doing business” (Luke 19:15). Character is a combination of a person’s ethical and moral qualities, and can some Times are seen in the way we approach problems and make decisions in business. As business Leaders the decisions we make can affect the lives of thousands of customers on a local and Global level. As business decision makers, we have to incorporate our faith and believes as in all of our decision-making. There are many examples that the bible have given us To show how God would want us to conduct ourselves in business, being fair and still earning an honest profit. The scripture tell us that “But the fruit of the spirit is love, joy, peace, patience, kindness, goodness, and faithfulness. (Galatians 5:22). There are many ways we could be misled and perform in an ungodly way when setting and implementing marketing strategies. False advertising and promotions is one way we could mislead our customers. “You shall not oppress your neighbor, nor rob him. The wages of a hired man are not to Remain with you all night until morning” (Leviticus 19:13). God intended us to live decent and Caring lives. To maintain longevity and prosper as a...
Words: 550 - Pages: 3
...ASEAN ECONOMIC INTERGRATION IN 2015 AND UNEMPLOYMENT RATE IN THE PHILIPPINES Elah Czarina C. Andal, CPA IR 204 INTRODUCTION A little over a year ago, the author attended a forum entitled “The Road to ASEAN Economic Community: Maximizing Opportunities and Facing Challenges.” The introduction in the forum’s invite included the following: “The 10 ASEAN member nations are moving towards integration, with the goal of forming an ASEAN Economic Community (AEC) by 2015. Designed to boost regional resilience, the AEC will create a single market and production base characterized by the free flow of goods, services, investments, capital and skilled labor.”1 With much optimism, the author takes note of a promise of greater opportunities for Filipinos as a result of the 2015 ASEAN economic integration and eventual formation of AEC. Further with excitement, the question as to whether this integration comes with the promise of lower unemployment rate in the Philippines beginning 2015 was posted. BACKGROUND AND STATEMENT OF THE PROBLEM Several studies have been made and many articles have been written regarding the ASEAN economic integration as well as the AEC. This would include those which explain what will happen in 2015 when the integration takes place, those which challenge the readiness of the Philippines for the free trade economy or the preparation for it, or those which presents its impact to the country (both on the perspective of opportunities and challenges). This paper focuses...
Words: 1800 - Pages: 8
...Section 1 Riordan HR Integration Project University of Phoenix FUNDAMENTALS OF BUSINESS SYSTEMS DEVELOPMENT BSA/375 JOHN DUNN July 24, 2011 Riordan HR Integration Project Riordan Manufacturing has submitted a service (SR-rm-004) request for the analysis of the current HR system with the goal of the integration of the currently existing variety of tools into a single integrated application for corporate wide use. The Systems development life cycle process, also known as SDLC will be used to design a new HR system for Riordan Manufacturing. This report will focus primarily on the analysis, design, and implementation phases of SDLC. The HR Integration Product Manager has solicited and received approval for the project from Hugh McCauley, COO (Riordan Manufacturing, 2008). Section 1 of this report will detail the scope and feasibility of this project. Additionally, Section 1 will describe the information-gathering techniques and design methods for Riordan Manufacturing service request SR-rm-004. Analysis of the HR system will be discussed, followed by identifying key factors, which will help ensure that the information required for the project is gathered successfully, and give an explanation of the scope and feasibility of the project. Section 2 will describe the application architecture and process design. In Addition, section 2 will illustrate how the tools of systems analyses are used to describe the information system’s architecture in terms of data, processes, interfaces...
Words: 1997 - Pages: 8
...Assignment 1 Pair Work Due 24 November 2014 before 5pm Instructions: Answers must be typed and submit through Morpheus and also hardcopy. You can use the MatType editor at http://www.dessci.com/en/products/mathtype/ to type the equations/symbols in your answers. The softcopy must be submitted in Microsoft word file format to Dr Lee’s Morpheus. Only one member from a pair is needed to submit. The hardcopy is to be submitted to your respective lecturer. Question 1 Let A = {a, b, c, d, e} and S, T, U, and V relations on A where S = {(a, a), (a, b), (b, c), (b, d), (c, e), (e, d), (c, a)} T = {(a, a), (b, a), (b, c), (b, d), (e, e), (d, e), (c, b)} U = {(a, b), (a, a), (b, c), (b, b), (e, e), (b, a), (c, b), (c, c), (d, d), (a, c), (c, a)} V = {(a, b), (b, c), (b, b), (e, e), (b, a), (c, b), (d, d), (a, c), (c, a)} Find the represenation matrices for S, T, U, and V. Then uses these matrices to determine which of the relations are symmetric, reflexive, transitive, or/and antisymmetric. Question 2 Use a proof by contradiction to prove that if x 2 x 2 0 then x 0 Question 3 Determine if the equations below are one-to-one or onto or both. Explain your answer clearly. a) x = 7 b) y = 5 c) y2 = x2 + 4 d) y = x2 + 4 Question 4 Given A = {2, 3, 4}, B={b, c}. a) Find A x B b) Find A x c) Find B x B Question 5 a) Determine whether the relation R on the set Z is having reflexive, symmetric, and/or transitive property. a) (a, b) R if a + b = 5. b) (a, b) R if a + b = 0. ...
Words: 337 - Pages: 2
...Different accommodation types target different kind of customer. As a Resort, it mostly target luxury leisure travelers as those consumers would be willing to afford more money to enjoy their vacations. Most of the resorts are built far away the downtown, travelers could be escaped from the urban landscape of downtown. Resort are always built near the seaside, rain forest, and even some of the ski resort are built on the snow mountain. Resorts provide couple recreation facilities to the travelers, such as outdoor swimming pool, tennis court, waterfront sport activities, private beach, night clubs, gambling facilities, spa … etc to adapt different types of customer. Some of the resort also provide the conference center or ball room, so that the business customer can also hold a conference meeting at the resort. Since there are sufficient facilities for the travelers, resorts would always do some promotion to target the family to take a vacation over there, or doing some sales promotion to the business customer, to encourage the company to hold the conference over there. An ordinary example in Hong Kong is the Hong Kong Gold Coast Hotel , it sells themselves as a only 5 stars beach resort in Hong Kong, which provides a beautiful beach, conference center and full set of facilities, so that no matter families, couples or business group. They can have their vacation or business conference at their resort. On the other side, the airport hotels are built surrounding the airport...
Words: 468 - Pages: 2
...\ : WHAT PROBLEMS WERE POSED BY THE ACCESSION OF PORTUGAL, SPAIN AND GREECE TO THE EUROPEAN ECONOMIC COMMUNITY (EEC) Economic intergration has been associated with “removal of discrimination between the economic agents of the member countries and opening up of the market boundaries.” The European Economic Community (EEC) was formed in 1957 by the treaty of Rome and it consisted of France, Italy, Luxembourg, West Germany and Belgium. It is also known as the common market in some publications. Its founding principles consisted of the notions of democracy and political stability and liberalized market economy among others. Countries in Europe joined this community based on these principles and Greece applied for accession in 1975, Portugal in 1977 and Spain initially in 1962 and then in 1977. These 3 countries’ accession to the EEC had some difficulties. These problems were both political and economic. Democracy and political stability, were major political problems, whilst macro-economic problems such as economic level and performance, taxation, tariff policy, industrial protectionism policies, low agriculture production and socio-cultural differences among other problems. Some of these problems are general and others are unique to specific countries among these 3 countries. The first problem to be analyzed is that of democracy and political stability. Among the founding principles of the EEC was demand of working democracy...
Words: 3047 - Pages: 13
...Meaning of Economic Integration: Economic Integration means agreements between groups of countries in a geographic region to reduce and ultimately remove tariff and non-tariff barriers to ensure free flow of goods, services and factors of production between each other. Economic intergration process For Economic intergration to take place, there needs to be well developed transportation and communication systems in place to enable free flow of goods and services with the member states. A common language of communication will also need to be agreed upon to ensure ease in business transactions. The process will be completed with the following stages put in place: The member states need enter in preferred trade agreements that will allow free trade without any trade restriction or lowered tarriffs within the economy, with each country retaining its own tariffs and quota system on trade with third parties. Custom Union There will need to be harmonized common external tariffs to allow an equal competitive play ground when doing business with third parties to the member states. Common Market The member states should allow free factors of production mobility within the common market, common language, shared culture to fcilitate business practices. Within the member states, tax rates may differ, those economies with low tax rates will receive more Foreign Direct Investments Economic Union –0202527174…072271431 ...
Words: 275 - Pages: 2
...The guest model is propounded by David Guest (1987) which is based on the assumption that the human resource management is in its own world in terms of people management. David guest developed four aspects of human resource management which are strategic integration, flexibility, high commitment and quality. This model is a fusion of aspects that resemble both a hard and a soft approach of HRM. The purpose of this model was to try and distinguish human resource management from personnel management. In his quest to distinguish the 2, Guest suggested that human resource management is unitaristic, individualistic and mutual while personnel management is advisory, compliance oriented, pluralist and collective. Tempting as it may be, human resource seems to promise unrealistic goals. Firstly, Armstrong defines human resources as strategic, intergrated and coherent approach to the management of the organisations most valued asset working there (2009). Rama Rao (2010) defines personnel management as a set of programs functions and activities designed to maximize both personal and competent people. According to Bratton et al 2007 personnel management only focuses on cost minimisation rather than quality of workforce. On the other hand human resource management is manipulative. Wilmo (1993) quoted in Armstrong (2005) that human resources management operates as a form of insidious control. It preaches mutuality but the reality is that it exploits workers whereas human resources in this...
Words: 834 - Pages: 4
...Hoàng Hồng Nga INTERNATIONAL BUSINESS AND MANAGEMENT Individual assignment #1 Globalization is a worldwide trend, which generally refers to various phenomina that have elements such as cutting across national boundaries and resulting in higher intergration or interdependence of human societies. In terms of economic impacts, globalization provides benefits to individual economies by making markets more efficient, increasing competition, limiting military conflicts, and spreading wealth more equally around the world. However it also causes risks which tend to even outweigh the benefits. By outlining, some of the benefits of globalization include: * FDI (Foreign Direct Investment): boost technology transfer, industrial restructuring, and growth of global companies * Technological innovation: competition increased from stimulate technology, outputs improved by more efficient processes * Economies of scale: costs and prices reduced And some of the risks of globalization include: * Interdependence: regional or global instabilities from interdependence between nations * National sovereignty: rise of national states, multinational, global firms, and other international organisations * Equity distribution: national or international conflicts from inequalities of benefits The overall picture is that because of the world interconnectedness, what might have been considered to be a local problem can quickly become a global problem. Due to internaltional lending...
Words: 398 - Pages: 2
...different states through the partial or full abolition of tariff and non-tariff restrictions on trade taking place among them prior to their integration. According to business dictionary The elimination of tariff and nontariff barriers to the flow of goods, services, and factors of production between a group of nations, or different parts of the same nation. According to investopedia An economic arrangement between different regions marked by the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. The aim of economic integration is to reduce costs for both consumers and producers, as well as to increase trade between the countries taking part in the agreement. b) Meaning of economic intergration This is meant in turn to lead to lower prices for distributors and consumers with the goal of increasing the level of welfare, while leading to and increase of economic productivity of the states. The trade stimulation effects intended by means of economic integration are part of the contemporary economic Theory of the Second Best: where, in theory, the best option is free trade, with free competition and no trade barriers whatsoever. Free trade is treated as an idealistic option, and although realized within certain developed states, economic integration has been thought of as the "second best" option for global trade where barriers to full free trade exist. In economics the word integration was first employed in industrial organisation...
Words: 3448 - Pages: 14
...Norming, Performing and Adjourning. Forming is the initial stage of getting to know one another in the group and this is the time where you as a member start to ask Questions. One of the questions could be “What can this group offer me”? In other words, this stage is almost like the interviewing stage of this process. Storming is where the group is moving into the area that tension and pressures can arise due to figuring out what the goals should be for the team. A major part of this stage is where “clicks can form and pressures can be attained from premature performance”. Norming is where the team finally starts to build the comfortable relationship and definitely start to work together. Harmony starts to develop and the Initial Intergration starts to shape up very well. Performing is the total integration for the group and where the team is totally mature. Furthermore, the group is totally comfortable with each other and “the members are motivated by team goals and adapt well to change”. Lastly, the final stage of Group Development is Adjourning. The final stage is the best for temporary groups that can come together quickly, work well together disband and come back together easily to work on future projects. Due to the fact, that this team does not possess 100% harmony or a positive balance, I would place them in the Storming stage. As the text states, the Storming stage is “Dealing with tensions and defining group tasks”. As we recall from the Case Study, Mike...
Words: 535 - Pages: 3