...Lincoln Electric expansion to India Name Institution Affiliation Date Market entry strategy involves the essential requirement for a company to get into international level. The need of involving other companies whereby two companies join together is referred to as joint venture entry. They get into a similar market and make the same production with the aim of sharing risk and at the same time they share the profit according to their terms of agreement (Kretzberg, 2007). Therefore, Lincoln Electric Company has a chance to join with other company to venture in the Indian market. Through the joint venture strategy in Indian market, Lincoln Electric has a chance of attracting wider market share in the region. The major consideration is done through extensive study of the market situation through various considerations. Market environment has a wide consideration depending on the factors such as political, social and economic integration. The basic considerations that Lincoln Company has to consider are directed in achievement in the market increase (Hastings, 1995). Concerning the Indian market structure, introduction of welding company is essential in reference to the technological improvement. The factors concerning the technology in the region, it covers the different aspects especially in developing market. While considering joint venture strategy in international market, the major considerations are made depending on business environment. This involves political...
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...BUSI 1317: Srategic management | Lincoln Electric | The Welding Industry’s Titan | | | | 1st December, 2014 ABSTRACT The purpose of this paper is to analyze Lincoln Electric’s overall strategy and business model and evaluate how generalizable is the company’s business model in other industries, specifically focusing on feasible strategies for one of the fastest developing country, India. | Contents Lincoln Electric’s Background 2 Recent Reporting 2 Main Features of the Lincoln Electric Business Model 2 Company Philosophy 2 Overall Strategy 3 Compensation, Leadership and Communication 3 How generalizable is Lincoln Business Model to other industries? 4 How generalizable is the Lincoln’s approach to India? 5 Employment System 5 Incentive System 6 Conclusion 6 Appendices 7 Exhibit 1: Hofstede's Dimensions Comparison - India & USA 7 Exhibit 2: India and U.S GDP Comparison 7 Bibliography 8 Lincoln Electric’s Background Lincoln Electric Company is the largest manufacturer of welding equipment in the world and has been in existence for over 100 years since 1895. The founder, John C. Lincoln started the business selling his own designed electric motors with the $200 he made from redesigning Herbert Henry Dow’s engine (Paul F. Buller, 2006). The company grew steadily, and in 1906 sales rise to $50,000 a year. John expanded his work force and in 1907, his brother, James F. Lincoln joined the company as a senior manager and introduced...
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...9-707-445 REV: AUGUST 25, 2008 JORDAN SIEGEL Lincoln Electric Introduction John Stropki, CEO of Lincoln Electric, returned home from Mumbai to company headquarters in Cleveland, having sampled the local Maharashtran delicacies while studying opportunities in the Indian market. From his vantage point in 2006, Stropki looked back on his company’s more than 100 years in the welding equipment and consumables industry with pride, wondering whether a strong push into India should be the next step in his company’s globalization. An India expansion had been considered for several years, but thus far the company had focused on growing its operations in China and elsewhere around the globe. If Stropki were to approve a significant allocation of resources toward an India expansion, he wondered what would be the best way to enter. He had a wealth of company lessons and experiences to apply to the India investment decision, as his company had had international operations since the 1940s, had struggled internationally in the late 1980s and early 1990s, and had gone on to regain its global competitive advantage in the late 1990s and early 2000s. During Stropki’s tenure as CEO since 2004, the company had further expanded globally and by 2006 owned manufacturing operations in 19 countries across five continents. Most recently, the company had enjoyed increasing success in China as a result of its aggressive expansion through both a joint venture and set of majority-owned...
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...MGMT 611 Class 19 Henisz, Witold J., (2012) “Summary of Global Strategic Management Frameworks,” Ghemawat’s AAA and Varieties of Capitalism Ghemawat’s AAA Global Strategy examines the additional opportunities, challenges, and tradeoffs posed when a company crosses national borders Ghemawat contends that to create, capture, and sustain rents in international operations firms have three strategies they can deploy at the product level to respond to distance: 1. Adaptation – seeks to boost revenues and market share by maximizing a firm’s local relevance Requires local autonomy but must trade off the gains from such decentralization against the costs of excessive heterogeneity and local subgoals 2. Aggregation – attempts to deliver economies of scale by creating regional or sometimes global operations (standardizing the product or service offering and grouping together the development and production processes) Requires global coordination but must trade off the efficiency gains of standardization and scale or scope economies against costs of always being perceived as an outsider or cost minimizer 3. Arbitrage – the exploitation of differences between national or regional markets, often by locating separate parts of the supply chain in different places Requires flexibility and the management of a complex network of internal and external relationships for continuous learning, but must trade off benefits from such dynamism against costs of being perceived as fickle, rootless...
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...Should Lincoln Electric enter India or not? Yes No + Most of the future growth in their industry - Their performance in Asia is lower than in the rest will come from India and China. of the world, and they need to solve that problem first. + The market is still ripe for the taking. It is - They already have a lot of complexity from operating wide open for a successful entry. on all but one continent. + If they don’t go to India, their toughest competitors - If they had difficulty for years adapting to Europe, why will dominate the market and use their free cash flow would they have any better luck navigating India’s to attack Lincoln Electric in other geographies. challenging business environment? Firms can increase their profitability through global expansion in a number of ways—can Lincoln Electric do the following: * Implement cost-cutting initiatives (such as lower-cost labor pools) - ? (best practices to raise labor productivity in a local-for-local operation) * Bring differentiated products to an underserved geographic market - ? What is Lincoln’s reputation? * Spread “fixed costs” of R & D and branding over a more expansive customer base - ? Can they? * Actively attempt to improve industry structure through acquisitions - ? (fragmented—buyout larger player) If Lincoln Electric enters India, which entry mode choice is best? Licensing Strategic Alliance/JV Acquisition Wholly Owned ...
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...Name Instructor Course Date History 1607 to 1877 Question One The royalist ideas led to strained relationships between the Spanish and Portuguese, and their respective American colonies as a result of rebellion, modernizing reforms and wars in Europe. Despite the liberalization of the trade monopoly, and the subsequent prosperity in most of these colonies, the local people did not benefit much. The Royalists insisted that all the money goes to them, mainly the Iberian monarchies, and the wealthy Spanish landowners. The Royalist ideas of anti-clerical regalism of the reformers from both Spain and Portugal had eroded the traditions of the Iberian Catholic monarchies, yet the ideas of Enlightenment and political alternatives to royal sovereignty could be found. The conservative anti-government outlook of the South was thus created as Latin America chose independence over living under monarchal rule. The same applied to the Scot-Irish people who always felt that they had left Ireland against their will, as they had no choice at all. They were mainly Protestant residents from Scotland, who had been settled on land seized from native Irish. They were also discriminated against by the Irish parliament because of their Presbyterian religion instead of following the Irish dominated Anglican Church. The Puritans were a group of religious reformists who had the aim of “purifying” the Anglican Church. This started in the 16th century with John Calvin and began leaving England in 1608...
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...Pearl Enongene Telegraph Kennesaw State University Communication goes back all the way to prehistory. Before cell phones people still had ways of communicating. They communicated by writing letters using the printing press, which was created by Gutenberg. It took weeks and months for the letters to be delivered from one location to the other. The printing press was the biggest innovation in communication until the telegraph was developed. Prior to the telegraph, politics and business were constrained by geography. There is a historical importance of the telegraph and its connection to present state of technology in communication. Communication is an essential part of this modern world and it has significantly evolved over the years. It has affected society both the political and economic system, it could be regarded as a power system. Telegraph laid the groundwork for the communication revolution which led to later innovations. There have been several forms of telegraphs over the years, from nonelectrical to electrical. According to Elon.edu the very first telegraph was nonelectric, which was created by Claude Chappe in 1794. This telegraph depended on a single line for slight communication. Later on many more improved telegraphs were invented. For instance in 1809 a crude telegraph was invented by Samuel Scemmering. This telegraph used gold electrode wires in water at the receiving end which was 2000 feet. The message was read by the amount of gas caused by electrolysis...
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...position he took the organization from a $5.5 billion misfortune in 2001 to three straight years of productivity. As the years progressed, his vision for the organization has stayed unaltered. Mr. Portage joined Ford Motor Company in 1979 as an item arranging examiner. He thusly held an assortment of positions in assembling, deals, promoting, item improvement and account. Amid the achievement 1982 Ford-United Auto Workers work talks, which dispatched the representative contribution development that upset the business, he served on the organization's National Bargaining Team Works through four business fragments: North America, South America, Europe and Asia Pacific Africa. The North America portion is occupied with the offer of Ford and Lincoln brand vehicles, administration parts and extras in North America. The South America section is occupied with the offer of Ford brand vehicles and related administration parts and adornments in South America. The Europe fragment is occupied with the offer of Ford brand vehicles and related administration parts and embellishments in Europe, Turkey and Russia. The Asia Pacific Africa portion incorporates principally the offer of Ford brand vehicles and related administration parts and frill in the Asia Pacific district and South Africa. The Financial Services segment works through two sections: Ford Credit and Other Financial Services. The Ford Credit section gives vehicle related financing, renting, and protection through the organization's...
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... Table of Contents • Key Slides • Getting to know Netflix • Disruptive Innovation of the Value Chain • Effects of the Innovation • Outlook • Bibliography WS 15/16 Current Issues in Media and Communication 2 Key Slides 1/3 Netflix can be regarded as a service business model within the video-ondemand area. It is known for being the pioneer offering its users entertainment content for a subscription fee. Since the foundation of Netflix in 1997 the new business concept turned into a success story with more than 70 million members around the world. People in 190 countries have access to Netflix‘s wide range of media entertainment possibilities and Netflix plans to add more to its list. The fact that their previous expansion meant 130 new countries in one go forecasts that Netflix will become a very important and influential global player in media entertainment industry. But how does all of it start? Innovation was the key. Netflix’s success in the new video rental business was based on the idea to offer an online DVD mail service. Adding new technology to a breakthrough idea created a combination which was meant to succeed. WS 15/16 Current Issues in Media and Communication 3 Key Slides 2/3 The users of the Netflix service are those who pay for it. In exchange to their subscription fee they receive legal access to Netflix’s media database. Moreover every customer will be offered a personalized service with for instance media ratings or...
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...Ford Motor Company (Case Analysis) Group #6- TGAA TTH 1:00 Member 1- Taylor O’Neill Member 2- Knyra Ratcliff Member 3- Alex Perkins Member 4- Xu Han Member 5- Kevin Carter Member 6- Alex Dundon/ Nick Tran Presentation Date: 11/17/15 Introduction Our group has chosen Ford Motor Company as our case analysis subject. Ford is an American multinational automaker and was founded by Henry Ford in 1903. Ford Motor Company is the second largest automaker in the United States and is also the fifth largest automaker in the world. Throughout the paper we will be sharing background information of the company such as the vision statement, mission statement, company history, the industry, and our company’s strategy. We will also be sharing the elements of Ford’s internal and external environment (includes historical and competitor financial information), problem statements, possible alternative solutions to those problems, and our recommendations as to which alternative solutions would be best used in response to the problems at hand. Towards the end of our case analysis on Ford Motor Company there is a visual present for both the SWOT analysis and the grand strategy matrix. We have provided appropriate and significant content in completion of this case analysis. Background Vision Statement “To become the world's leading Consumer Company for automotive products and services. (Homepage, 2015)” Mission Statement “One Team. People working together as a lean, global enterprise...
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...Competitive Strategies and Government Policies ECO/365 Competitive Strategies and Government Policies Change is inevitable. With all of the changes in the automotive industry over the years and the changes yet to come the Ford Motor Company needs to position itself in the market and embrace the changes. In 2013 Ford Motor Company had an outstanding year. Retail sales were up 14 percent and Ford is expecting 2014 to be another great year around the world. Ford is expecting to introduce 23 new vehicles to customers and open three new production plants worldwide. “Our strategy in Asia Pacific is to serve our customers with even more One Ford products, and to increase our capacity to provide these great products with manufacturing hubs in China, India and ASEAN,” said Dave Schoch, group vice president and president, Ford Asia Pacific” (Ford Motor Company, 2013). With these expectations there will need to be some changes to be monitored. The changes in the automotive industry can be broken down into the following areas. There are new companies entering the market, mergers and acquisitions and globalization that affect pricing and sustainability of profits. There are government policies and regulations, currently and in the future, that will affect the industry. With global competition there will be decisions made by management that will change the way we compete in the industry in the future. New Companies Entering Market Major issues to consider with the many companies entering...
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...Kent Horii 4/22/15 Block 4 ITSMW Potter Most revolutionary progresses are social based When you think of national progress, what would you think of? Economical, Political, or Societal? Actually, although people believe that most reforms or progress is for the benevolence of all three of these elements equally, revolutions such as the Industrial Revolution are more driven towards the success of the economics. The industrial revolution itself caused a massive uprising of ideas based on engineering for the sole purpose of convenience, and made a huge gap between the rich, the middle, and the poor, and classified the middle and the poor as the working classes and most of the topics went to the working class. However, this is more unlikely to be a political progress since the convenience and affordable factor all went to boost England’s economy and have the society afford them for cheaper. The progress of the Industrial Revolution was based on socioeconomic reasons because, due to the Industrial revolution, England’s economy increased, rate of employment for unemployed workers increased because of the ability to mass produce products using the newly invented machines to create a better economy for corporations, and a lot of products could be produced in cheap prices because mass production was possible and this increased the standard of living to modernization. Another example of socioeconomic progress is the French Revolution. The French revolutionists and poor social...
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...Business Analysis: Ford Motor Company Milan C. Kelly MGT 521 Christopher Romano August 1, 2011 Abstract In recent years several American corporations have seen record low sales and profit accumulation. Ford Motor Company is a company that has made steps toward improving sales, profit, and meeting the needs of all stakeholders. As a mutual fund manager, I will examine the SWOT Analysis, financial statements, and trends in the market to determine if Ford Motor Company is a wise investment. Recently, Ford has changed to make the company more appealing to investors. Strengths in the company include: strong engineering capability, extensive dealer network, diversified product base, and a strong market position. Ford’s focus in improving their automobile’s engineering capability is fuel efficiency and safety. The improvement of these characteristics is more appealing to consumers and allows this company to further develop the product line. With an extensive dealer network of 17,107 Ford could market and sell automobiles globally. Acquiring such a large global distribution permits Ford to meet the demands of the market as well as their consumers. The diversified product portfolio gives Ford an advantage over the competition. New and updated vehicle models such as small, mid-size, and premium sedans, pickup trucks, compact, and sports utility vehicles give consumers of different demographics a wide range...
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...Business Analysis: Ford Motor Company Milan C. Kelly MGT 521 Christopher Romano August 1, 2011 Abstract In recent years several American corporations have seen record low sales and profit accumulation. Ford Motor Company is a company that has made steps toward improving sales, profit, and meeting the needs of all stakeholders. As a mutual fund manager, I will examine the SWOT Analysis, financial statements, and trends in the market to determine if Ford Motor Company is a wise investment. Recently, Ford has changed to make the company more appealing to investors. Strengths in the company include: strong engineering capability, extensive dealer network, diversified product base, and a strong market position. Ford’s focus in improving their automobile’s engineering capability is fuel efficiency and safety. The improvement of these characteristics is more appealing to consumers and allows this company to further develop the product line. With an extensive dealer network of 17,107 Ford could market and sell automobiles globally. Acquiring such a large global distribution permits Ford to meet the demands of the market as well as their consumers. The diversified product portfolio gives Ford an advantage over the competition. New and updated vehicle models such as small, mid-size, and premium sedans, pickup trucks, compact, and sports utility vehicles give consumers...
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...| Specials Focus on Geely's purchase of Volvo (chinadaily.com.cn) Updated: 2010-03-29 17:09 Comments(0) PrintMail | | Large Medium Small | | Editor's Note: Zhejiang Geely Holding Group, China's No 10 automaker, sealed a deal on March 28 to buy ailing Swedish luxury car brand Volvo from US giant Ford for $1.8 billion. The deal is China's biggest overseas auto purchase, said analysts. Ford has been trying to sell Volvo since late 2008 to focus its resources on managing its core Ford, Lincoln and Mercury brands. The sale deal is expected to free up cash for the No 2 US automaker. Geely, an independent automaker that has struggled to raise its profile in overseas markets, has long coveted a stronger foothold in Europe. [Full Story] Upside for Geely | Chairman of Zhejiang Geely Holding Group Li Shufu hugs Ford's Chief Financial Officer Lewis Booth after signing the agreement on Sunday. [Xinhua] | Geely to get technology, brand recognition The acquisition will offer Geely, a producer with lower-end image, access to a high-end brand and technology it needs to compete with much bigger rivals in China. [Full Story] Volvo deal to help Geely's going-global ambition At a time when the world auto industry was experiencing huge difficulties caused by the global downturn, Geely's aim, as it said on the company website -- "let Geely cars go to the whole world", seemed very ambition. [Full Story] Li consummates his love of Volvo Firstly, buying Volvo will give...
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