...right strategy to enter the Indian market? In 1993 Eli Lilly, one of the leading pharmaceutical firms in the USA, started a joint venture in India with the leading Indian company Ranbaxy. The decision was dictated by the conditions of the US market and opportunities of the Indian market. Costlier manufacturing practices due to strict governmental control, soaring prices in 1990s, invasion of cheap generics to the USA market as opposed to low costs in India and new regulations that opened Indian market to foreign investments (up to 51%) created tempting conditions to enter one of the emerging huge markets of the world. Alliance with Ranbaxy was a smart strategy for Eli Lilly to establish its presence in India. Ranbaxy was the second largest manufacturing company of bulk drugs and generics with domestic market share of 15% in India with established distribution network and the second largest exporter to different countries, including Russia (which Eli Lilly was attempting to reach), with capital cost 50-75% lower than those of comparable US plant and R&D expenses of 2-5% of sales. Besides, Ranbaxy developed its own process for Eli Lilly's patented drug Cefaclor. Since Eli Lilly's product patent for Cefaclor expired in 1992 and the firm was expecting to protect its monopoly with process patents which were due to expire only in 1994, this gave great scope for a mutually advantageous agreement between the two companies. There was also possibility to conduct cheap clinical trials in India...
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...International Management: Managing Across Borders and Cultures, Text and Cases, Seventh Edition SEVENTH EDITION FEATURES • Streamlined text in eleven chapters, with particular focus on global strategic positioning, entry strategies and alliances, effective cross-cultural understanding and management, and develop- ing and retaining an effective global management cadre. The seventh edition has been revised to reflect current research, current events and global developments, and includes company examples from the popular press. In Chapter 1, we introduce trends and developments facing international managers and then expand those topics in the context of the subsequent chapters. For example, we discuss developments in globalization and its growing nationalist backlash— in particular resulting from the global financial crisis. We discuss the effects on global business of the rapidly growing economies of China and India and other emerging economies such as those in Africa, and the expansion of the EU; the globalization of human capital; and the esca- lating effects of Information Technology and the global spread of e-business. We follow these trends and their effects on the role of the international manager throughout the book. For exam- ple, in Chapter 6 we focus further on strategies for emerging markets, while also dealing with changing strategies to respond to economic decline around the world and an increasing level of nationalism in some industries; we have a...
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...ignores factors that contribute to the company’s well being, it places the company in jeopardy of failing. Succeeding in business is not an impossible task, but it is most requires consistent tasks. There are internal and external factors that affect a company, such as its internal strengths and weaknesses, and its external opportunities and threats. These factors are found within a company’s SWOT analysis, which are its strengths, weaknesses, opportunities and threats. When analyzing these conditions, management should tie these factors into the four functions of management, which are planning, organizing, leading and controlling (Bateman & Snell, 2011, p. 15). Hormel Foods Hormel Foods Corporation is a leading food company that prides itself with its original product branding. The company has a large variety of quality products that carry the company’s brand name. Quality assurance is a key factor in Hormel’s management process, and has become a staple for the brand. This paper will review Hormel’s internal and external factors, and how they relate to the four functions of management. According to MarketLine Advantage Company Profile, Hormel (2013), Hormel Foods is a branded food firm that emphasizes profitable growth. The company is empowered by their founder’s charge to “originate, don’t imitate,” as they promote a balanced selection of highly differentiated quality products. The company believes in connecting with its employees operating in an environment...
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...to run a successful business that will generate profit. When doing so, the company will implement four functions that will help in managing a smooth business which are planning, leading, controlling, and organizing. Management is the process of working with people and resources to accomplish organizational goals where managers do this both effectively and efficiently. Although the context of business and the specifics of doing business are changing, there are still plenty of timeless principles that make great managers, and great companies, great. In the business world today and with constant changing, the great executives not only adapt to changing conditions but also apply—fanatically, rigorously, consistently, and with discipline—the fundamental management principles. These fundamentals include the four traditional functions of management as mentioned earlier which remain as relevant as ever, and they still provide the fundamentals that are needed in start-ups as much as in established corporations but their form has evolved. First function of management is planning which is the management function of systematically making decisions about the goals and activities that an individual, a group, a work unit, or the overall organization will pursue. Planning activities include analyzing current situations, anticipating the future, determining objectives, deciding in what types of activities the company will engage, choosing corporate and business strategies, and determining the...
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...HUMAN RESOURCES PROFESSION IS VERY CHALLENGING IN BANGLADESH INTRODUCTION The role of the Human Resource Manager is evolving with the change in competitive market environment and the realization that Human Resource Management must play a more strategic role in the success of an organization. Organizations that do not put their emphasis on attracting and retaining talents may find themselves in dire consequences, as their competitors may be outplaying them in the strategic employment of their human resources. The new millennium has brought about new challenges for human resources departments and practitioners around the world. These new challenges raise questions about the nature HR practices and the role of HR professionals, and imply new approaches for the HR function in product and service delivery. Organizations recognize the critical importance that human capital means for competitiveness, and ultimately survival in the modern era. In Bangladesh ‘the concept of HR’ is not very old. But within last 7 to 10 years it is widely practiced and now maximum large company keeps a department of Human Resource Management. As we move into the 'new economy', the focus on people and knowledge has steadily increased. Today, companies face new challenges in dealing with issues such as the scarcity of talent, the value of ideas/knowledge and the changing preferences of the labour market. Consequently, successful HR strategies are needed more than ever. With the increase in competition...
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...Written Analysis and Communication Assignment – 1 Case Analysis Report on KANPUR CONFECTIONERIES PRIVATE LIMITED (A) SUBMITTED BY: BHUMIL PATEL SECTION – A ENTREPRENEURSHIP DEVELOPMENT INSTITUTE OF INDIA 7 September 2015 September 10, 1987 Mr. Alok Kumar Gupta, Chairman and Managing Director, Kanpur Confectioneries Private Limited, Radha Industrial Estate, Kanpur, Uttar Pradesh. Subject: Submission of Report Dear Sir, This is with the reference to the situational analysis done by us on the Kanpur Confectionaries Private Limited (KCPL) manufacturing units for doing contract with A-One Confectioneries Private Limited (APL). I hope you find this report satisfactory. Sincerely, Bhumil Patel Patel Consultant Enclosure:- KCPL.pdf Executive Summary The case is about the Kanpur Confectionaries Private Limited (KCPL) a family business located in Kanpur, UP and started by Mohan Kumar Gupta in 1945, now the company is looked after three of his son. The KCPL is Glucose biscuit manufacturing company and is known for its good quality, crispness and affordable price. In 1973-74, Glucose biscuit were the growing segment in the biscuit industry. The KCPL reached second position in the market with a monthly sale of 110 tonnes. In 1980-81, KCPL doubled its capacity to 240 tonnes per month from 120 tonnes per month. The turnover was Rs. 2 crores in 1979-80 and Rs. 3 crores in 1983-84. But its sales declined between 1983-84 and 1986-87, the capacity...
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...COMPANY PROFILE Telenor Group Telenor ASA is an international provider of high quality telecommunications, data and media communication services. It ranks as world‟s 7th largest mobile operator with a total of 164 million subscribers in its mobile operations. Telenor Pakistan Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia together with Thailand, Malaysia and Bangladesh. Telenor Pakistan launched its operations in March 2005 as the single largest direct European investment in Pakistan, setting precedence for further foreign investments in the telecom sector. The company has crossed many milestones and grown in a number of Mianamir2009@gmail.com directions, making Telenor Pakistan a leading telecom operator of the country. Telenor is the fastest growing mobile network in the country, with coverage reaching deep into many of the remotest areas of Pakistan. In the most difficult terrains of the country, from the hilly northern areas to the sprawling deserts in the south, at times Telenor is the only operator connecting the previously unconnected. It is keeping ahead by investing heavily in infrastructure expansion. With USD2 billion already invested, it has extended agreements with its vendors for network expansion and services until 2009. The agreements, with a potential to result in USD750 million worth of orders from Telenor Pakistan, are some of the biggest of their kind in the industry. Telenor is spread across Pakistan...
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...those who input the data. Furthermore, with Maruti Suzuki's businesses expanding, the number of "home-made" management software increased, as well as the number of people employed to run them. High support costs were then one big business issue. As every subsidiaries got their own system, the quality of the pieces of information collected dropped. Multiple management systems had also a deep impact on how fast Corporate Strategy could be decided. As each system followed different timetable and way to compile data, the company had to take extra time to wait for all data to come to the parent company and then rearrange the pieces of information in an unique format. The exponential growth of this company increased the need for an easier, centralized way to deal with batches of data scattered around India. In order to maintain its leadership, Suzuki needed to better coordinate subsidiaries and Joint Ventures with the parent company. The "Old" way of managing data was also putting more pressure on strategic decisions. Top management had to wait 7 days before receiving crucial data from all subsidiaries and JV. Important strategic decisions, couldn't be made in "real time". Question 3 : What were the important business factors which management used to...
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...Topic: Select one organization of choice to evaluate the forces of change affecting the chosen organization in achieving its organizational goals and objective Recommend how management could further enhance their response to opportunities and threats associated with organizational change. Introduction In today’s fast growing global business environment, change is needed to keep up with competition, to innovate products or services to meet the global needs in business. The Group choose AB smart industries a manufacturing company to understand the issues and need of change and how the change is managed and achieved Company Background: AB smart industries established in 1998 it is the only screw rivet producer in Bangladesh. AB smart industries is a manufacturing company which manufactures fasteners screws nails rivets clams etc Research Objective: -To identify the issue of organizational change -How OCM strategy will facilitate the company -Appropriate recommendation on how management could improve their response to the opportunities and threats associated with organizational change. Overview: Fasteners are screws, bolts rivets, nuts, washers, and pins etc. These are needed to assemble doors vehicle, machine, equipments even toys. From the most sophisticated space missile to the simplest of children's toys. Fasteners are usually needed in large quantities. These are produced by most countries in the world now...
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...Heather Lunn-Howard HCS/514 11/3/2014 Jeani Thomas In this paper I will give an overview of four areas of management theory: Scientific Management, Human relations Theory, Bureaucracy, and administrative science. Along with some background on where each theory came from. Scientific Management Frederick Taylor, with his theories of Scientific Management, helped mold our modern management styles. In the early 1900s, Frederick Taylor pushed for change from the personal management to a new idea of scientific management. Under personal management, a person in charge was chosen simply because they were smart and knew more and possible had more experience than the other guys. Taylor claimed that a group of ordinary men (cause at the time women were not allowed to be management), following a scientific method would outperform the personal management style. Taylor consistently sought to push the scope of current management and replace it with observations leading to the best practice. Following this philosophy he also introduced the efficient training of workers in the best process rather than allowing them to direct themselves through their daily tasks. He believed that a relationship between workers and management could develop and create the best possible working environment. Under these ideas Taylor further believed that the workload would be shared between the workers and management because management could handle the science and instruction...
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...HRM Project on Pakistan Tobacco Company (PTC) We are providing Projects for your business growth and to meet new challenges. Here are some projects prepared by our team of "Developing New Projects" for the Guarantee of your business growth British American Tobacco: British American Tobacco is the world’s most international tobacco company with an impressive market position in Latin America and a robust position in all the other regions including America pacific, Asia-Pacific, Europe and Africa and Middle East (AME).for 100 years, British American Tobacco has been building an international reputation for producing high quality tobacco products to meet the diverse preferences of consumers. Leading edge manufacturing BAT focuses on quality and excellent distribution capabilities enabling consistently to deliver premium products in 180 markets. Vision: “To achieve leadership of the global tobacco industry in both a quantitative and qualitative sense.” BAT has 15% of the global market and is the second largest international tobacco company and the market leader outside the US. For BAT leadership is about being recognized as a high quality business with excellent people and products and being seen as a benchmark company. Business focus: BAT has clear priorities for investment: 1. Market leadership or premium position: Focus on markets where it can retain or achieve portfolio leadership and build premium positions such as Middle East, Japan, South Korea...
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...Three Phase Change Management Framework For E-business Transformation • Phase I : Vision, Communication and People • Phase – II : Processes & Technology • Phase III : Customers, Suppliers and Other Value Chain Partners ➢ The rules of change management ➢ Organizational and Personal Change Management ➢ Responsibility of Managing Change ➢ Change Management Principles ❖ References [pic] The rate of change in today's world is constantly increasing. To cope with an unpredictable world you must build an enormous amount of flexibility into your organization. Organizations can structure themselves for increased flexibility to respond to change, for example using project teams, virtual structures and networking. Gary Hamel, Professor of Strategic and International Management, states that “corporate leaders [should] build organizations that are as nimble as change itself, to make innovation everyone’s job, and to dramatically increase the returns on human capital” Planning, implementing and managing change in a fast changing environment is increasingly the situation in which most organizations now work. Dynamic environments such as these require dynamic processes, people, systems and culture, especially for managing change successfully, notably effectively optimizing organizational response to market opportunities and threats. Many things cause organizational change. These include: ...
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...Bateman−Snell: Management: Leading and Collaborating in a Competitive World, Eighth Edition I. Foundations of Management Introduction © The McGraw−Hill Companies, 2009 Foundations of Management • Managing • The External Environment and Organizational Culture • Managerial Decision Making Planning: Delivering Strategic Value • Planning and Strategic Management • Ethics and Corporate Responsibility • International Management • Entrepreneurship Strategy Implementation Organizing: Building a Dynamic Organization • Organization Structure • Organizational Agility • Human Resources Management • Managing the Diverse Workforce Leading: Mobilizing People • • • • Leadership Motivating for Performance Teamwork Communicating Controlling: Learning and Changing • Managerial Control • Managing Technology and Innovation • Creating and Managing Change Bateman−Snell: Management: Leading and Collaborating in a Competitive World, Eighth Edition I. Foundations of Management Introduction © The McGraw−Hill Companies, 2009 PART ONE Foundations of Management The three chapters in Part One describe the foundations of management. Chapter 1 discusses the imperatives of managing in today’s business landscape and introduces the key functions, skills, and competitive goals of effective managers. In other words, it discusses what you need to do and accomplish to become a high-performing manager. Chapter 2 describes the external environment in which managers and their...
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...Human resource management (HRM) in public organizations is changing as there are numerous policies, procedural and structural reforms underway. Human resource management studies have focused primarily at the state and federal levels, with relatively fewer comprehensive views of county governments. HR has therefore become a huge investment for medium and large companies across industries. This paper will define human resource management and describe the changing roles of Human Resource (HR) management in response to trends in globalization, technology, diversity, e-business, and ethics. The function of the Human Resources Management (HRM) includes a variety of actions required by the Human Resource Department. The key goal of HRM is deciding what staffing needs, whether to use independent contractors or hire employees to fill the needs of the company by recruiting and training the best employees and ensuring they are high performers. HRM also deals with performance issues and ensure personnel and management practices conform to the various regulations when rectifying issues. Other activities include managing the approach to employee benefits and compensation, employee records and personnel policies. Small businesses (for-profit or nonprofit) usually have to carry out these activities themselves because they cannot afford part- or full-time help (McNamara, C., 1999). However, small businesses should always ensure that employees have and are aware of the personnel policies...
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... Business Ethics Reflection Riordan Manufacturing is a global company with three locations around the world that produce plastic beverage containers, as well as custom plastic parts and plastic fan parts. Riordan Manufacturing is a fortune 1000 company with revenues that exceed over 1 billion dollars, and employs around 550 people in their three locations. Riordan Manufacturing has recently moved its plastic fan parts plant to China employing around 250 workers in that plant alone. This company is growing in size, locations, employees, and revenue, but there are some ethical and moral problems that need to be addressed in order to continue to grow and expand. Riordan Manufacturing has been in the leading edge of plastics since 1990 evolving into a global business in a time where plastic water bottles have been in high demand, but like anything that is in high demand, it has caught the attention of many professionals in the environmental field, and because of this, questions were raised, procedures were changed, and the environmentalists have demanded a change in the way these bottles are manufactured, as well as the way they are disposed of. These changes will cost the company millions of dollars over the next ten years, and this kind of money could potentially cripple this growing company financially. Some environmental organizations such as the EPA and OSHA have growing concerns about the plastic products that Riordan Manufacturing produces. Plastic is...
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