...began to investigate off shoring its production facilities. In 2001 the first Coloplast production facility opened its doors outside of Denmark. The expansion took place in Tatabanya Hungary. This location was chosen because of cheaper labour and land rates, as well as a more favourable tax rate. The city is located in the Western region of the country which provided better infrastructure. Coloplast had no blueprint to navigate through the expansion process, and had to learn and develop best practises by trial and error. By 2004 the management team in Tatabanya had advanced the production system to the point where it was outperforming the longer established Danish facilities. In 2005 Coloplast revealed an aggressive plan of Strategy 2008. In this plan the company states it will strive to achieve a profit margin of 18% while maintaining 10% organic growth. A key pillar of this plan is the continued relocation of volume production to Hungary and further expansion to China. Coloplast is at crossroads, it needs to decide if it has learned enough from its first international expansion that it can duplicate and improve its success in new locations, or if it should delay new locations and focus on fine tuning its operations in Denmark and Hungary. Issues Coloplast's expansion into Hungary was executed with no prior international expansion experience to draw from. Eventually over time, it...
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...ignoring local practices. Despite Paul Paus was a young, innovative manager performing very well in Europe he failed in Europe. But why? There are the following characters in case: * Paul Paus: the European expatriate who worked in the head office in Antwerp for 4 years * Mr Olsen: an expatriate with intercultural experience, general manager & head of China Eurochem * Mr Li: deputy manager, close relationship to Olsen * Mr Wu: young employee of marketing department, expertise in marketing * Mr Vandenbergh: director of marketing in head office, sent Paus to Shanghai Analysis Significant mistakes have been made by all persons involved in the project. Three major issues occurred in the case of “Eurochem Shanghai”: * problems of international managerial transfers, * management, communication and strategic issues, * as well as leadership and managing diversity problems all caused by cultural differences and different ways of doing business. 1) Problems of international managerial transfer At a first glance Paul Paus appeared to be qualified for the challenging assignment in China. But the first mistakes were already made at the stage of the preparation and selection process. Despite Eurochem Shanghai had qualified staff for the marketing position there were major reasons for the...
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...affiliates running cross-continental businesses. (Eldridge, 1999, pg 1). A multinational organisation will allow for greater economies of scale, lower labour costs, reduced manufacturing and distribution costs and access to new technologies and methods. However with multinational corporations operating a largely as they are it is important to ensure that the management of such organisations is correct. Should this management be rigid and controlled in the way of UPS where each employee is given a set of rules, or more relaxed as in the case of SOL where each employee decides their own rules? Does being a multinational organisation make a difference to this decision? One thing that is for sure if that the management has to be strong whether it be strong and uniform across all countries, or whether it is strong and very different across all countries. This essay will analyse whether all parts of a business should operate in an integrated fashion or whether it is more successful to allow individuality amongst the subsidiaries. It will look at and compare the operations of existing companies and make a decision about the best practise. Organizations are always pulled by the two forces of uniformity and diversity. By nature they would prefer uniformity. That way lies predictability and efficiency. (Handy, 1976, pg 260). By operating in a...
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...Drivers of Brand Commitment: A Cross-National Investigation Name Institution Drivers of Brand Commitment: A Cross-National Investigation Introduction Brand commitment is the degree of psychological links between consumers and service or products they purchase. In fact, commitment towards a brand is the loyalty of consumers towards certain services and products produced by distinct businesses. Brands are a vital component of businesses, this is because they develop customer relationships which eventually results in performance of the business (Eisingerich & Rubera, 2010). Customer brand loyalty is repetitive purchasing of the particular service or product with biasness over other commodities attributed to the psychological evaluation by the consumer. Businesses are thus tasked with cultivating high brand commitment by using brand drivers to enhance performance. Brand drivers are attributes which generate strong impacts on the customer purchasing behaviors (Perrey, Spillecke & Armstrong, 2011). Brand commitment can be further elaborated as a consumer’s psychological pledge to have a long term attachment in terms of relationship towards a service or product they purchase into future times (MacInnis, Park, & Priester, 2014). Brand commitment is the supportive longevity behavior that a consumer exudes intentionally for a service or product. Initially, brand commitment starts with a consumer wanting to possess the particular service or goods which later...
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...INTRODUCTION MaimunahAminuddin (2003) defined Human Resource Practise (HRP) as an activity undertaken in all organizations large and small to ensure that people who are employed are used effectively and efficiently, and be able to contribute to the achievement of organizational goals. According to Bohlander and others (2001), HRP include consolidation of a diverse workforce to achieve common goals. Ivancevich (2001) also defines HRP as a function implemented in the organization to help facilitate the effective use of human resources to achieve organizational and individual goals. The early conception that is cost because they have to be paid salaries and provided various forms of benefits such as leave, bonuses and health benefits. However, the importance of the human element cannot be separated from the success of the organization. While Peter F.Drucker, stating that “man, of all the resources available to man, find Grow and Develop.” Abdul Aziz Ahmad was of the view that an organization must have a working sound quality and high caliber, effective training programs to motivate employees, capabilities and commensurate wages for the workers, as well as rights and services (welfare) is good. Muhammad Nasri and Ab. Aziz (2005) also underlined that the Islamic Perspective mean HRP management practices in an effort to create, develop and expand and pursue effective use of resources within themselves to achieve self-improvement and community. The role and functions of HRD is referring...
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...impressive is that the guest is not identified by name on her Twitter account, meaning the Four Seasons folks had to do a bit of sleuthing to figure out who she was en route to rectifying what was at most a minor nuisance. (Read the first-person account at HotelChatter.) I talked with Cherry Kam, Four Seasons’ director of interactive marketing, about the incident. In keeping with the hotel company’s exemplary customer service ethos, she passed it off as all in a days’ work. “That’s what Four Seasons is about: Taking the guest service seriously,” Kam says. She told me about a similar situation at Four Seasons Hotel Bangkok, when a guest lamented via Twitter that there were no good movies on TV that night. The comment got relayed to the hotel’s management, which then informed the guest...
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...INSTITUTE OF PROFESSIONAL EDUCATION & RESEARCH, BHOPAL Trim -III, 2012-2014 Operations Management Assignment On “DELL” Submitted To: Submitted By: Prof. Hersh Sharma Anukriti Chaturvedi Dell Computer Corporation, with annual revenue of $52.9 billion is a premier provider of computing products and services. As a result of its direct business model, dell is a leading seller of computer systems worldwide and the number one seller in all computer segments in the United States. Dell was founded in 1984 by Michael Dell on a simple concept: by selling computer systems directly to customers, it could best understand customer needs and efficiently provide the most effective computing solutions to meet those needs. Dell’s climb to market leadership is the result of a relentless focus on delivering the best customer experience by selling computer systems and services directly to customers. Dell operates principally in one industry segment. Dell is based in Round Rock, Texas and conducts operations worldwide through wholly owned subsidiaries. Geographic areas of operations: Dell conducts operations worldwide and is managed generally on a geographic basis. The three geographic regions are the Americas, Europe and Asia Pacific- Japan regions. The Americas region is based in Round rock, Texas, and covers the US,...
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...Alejandro Portugal Martin Pretorius Iona Ramió Mateu OCEAN PARK CASE STUDY INTRODUCTION Ocean Park Hong Kong is a marine animal theme park located in the Southern District of Hong Kong. It was inaugurated in 1977 by the Government with the intention to bring somewhere where Hong Kong citizens could feel some sense of space as a large part of the population lived in a crowded locality. So it was inaugurated as a nonprofit organization that aimed to provide visitors a unique experience in entertainment, education, and conservation. Firstly, in the absence of competition, Ocean Park became really popular but existed without direction and focus. When Hong Kong's officials signed an agreement to bring Disneyland to Hong Kong in 1999, the Ocean Park's viability started to be questioned. By 2005, when Disneyland Hong Kong was inaugurated, Ocean Park was unprofitable and widely expected to lose out. Nevertheless, the Park responded with a development plan and showed their abilities for adaptation and turn threats into opportunities. It expanded the number of attractions and rides, raising the number of visitors, becoming the world's 13th most visited theme park and the ...
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...Except for company cultural building, Huawei carried out several structure adjustments as well. Hay Group has been checking Huawei’s improvement in human resources since 1998, to find out the problems in order to provide best possible solution .Because of all theses efforts in human resources management , Huawei build a successful sales team following its talented leader , bringing unforgettable success .In consideration that Huawei is a Chinese multinational company operates in the global market , I recommend Huawei to practise cross-cultural coordination ,promote outstanding excellent host country employees . In addition , unified the staff’s understanding from different culture background by utilizing the company goal and corporate culture to solve possible cultural conflicts between its employees , ultimately , each of its employees are in line with Huawei’s vision “to enrich life through communication” and mission “to focus on customers’ desire and needs by providing competitive communications network solutions and services so as to consistently create maximum value for customers” , ultimately ,enabling and supporting sustaining innovation continuedly...
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...Foreign Direct Investment, this is not possible. In simple words, FII can enter the stock market easily and also withdraw from it easily. But FDI cannot enter and exit that easily. This difference is what makes nations to choose FDI’s more than then FIIs. FDI is more preferred to the FII as they are considered to be the most beneficial kind of foreign investment for the whole economy. Foreign Direct Investment only targets a specific enterprise. It aims to increase the enterprises capacity or productivity or change its management control. In an FDI, the capital inflow is translated into additional production. The FII investment flows only into the secondary market. It helps in increasing capital availability in general rather than enhancing the capital of a specific enterprise. The Foreign Direct Investment is considered to be more stable than Foreign Institutional Investor. FDI not only brings in capital but also helps in good governance practises and better management skills and even technology transfer. Though the Foreign Institutional Investor helps in promoting good governance and improving accounting, it does not come out with any other benefits of the FDI. While the FDI flows into the primary market, the FII flows into secondary market. While FIIs are short-term...
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...homes in New Zealand, Australia, the UK, Italy and China to enjoy fresh yoghurt every day of the year. It supports home production through the supply of powdered bases and culture and a plastic incubator in which the yoghurt ferments. Paul O'Brien joined the company as CEO in December 2009 and has overseen sales growth of around 30 per cent a year, on the way to a target of sales in excess of $50 million to 20 plus countries. It is part of the New Zealand success in dairy products but for EasiYo business growth has also been about managing the transition from humble beginnings into a multinational enterprise with a product that relies on strict compliance to high standards of food quality and safety. EasiYo started in the early 1990s as a husband and wife team working from their garage. The business succeeded through research and development, firstly into yoghurt making, then finding the right milk powder and freeze-dried culture to ensure 100 per cent setting of the incubated yoghurt at home. Partnership with the Westland Dairy Company, who purchased the company outright soon after Paul O'Brien took charge, gave EasiYo R&D capacity. Recent growth has been based on marrying corporate management with the strengths inherited from the original family business. Paul joined a company that had grown rapidly with NZ$25 million sales, three quarters from exports, but lacking in the formal management systems to maintain high performance and build a platform...
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...Comparative advantage ……………………………………………… 2, 3 6. Human resource management practises at the company……………………………. 3, 4 7. Role of international business at the company………………………………………. 4 8. Role of technology management at the company ………………………………….. 4 9. Entrepreneurship and innovation at the company……………………………9 10. Future management strategies, recommendations. 5 11. Conclusion …… 5, 6 12. Bibliography ……………………………………………………………6, 7 Executive summary Boost is one of the fastest growing juice bars in the world, famously known for their healthy juices and smoothies .The company started from a single shop in Australia to over 350 stores worldwide. The report gives a complete understanding of boost journey and their management practices. The management practices are divided in to three main categories HR management, International business management practices and technology management at the company. Introduction Boost juice bar is one of the most popular juice and smoothies brand in the world. Since its start in the year 2000 boost has achieved a significant growth in juice and smoothies retail industry and is one of the most competitive company. Boost has expanded from a small store in Adelaide Australia to international stores in Asia, Europe, Russia and Middle East by the means of franchising. This report is presented in order to get a brief understanding of their business performance .A management analysis will be provided to explain the advantages , disadvantages...
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...Natural resources and increasing contaminations as well as destructions of essential componants the ensure living conditions for all life forms some home truths politicians and scientists who work for politicians have downplayed the facts because solutions are expensive and means change and change effects many people income,and most of the world is kept in the dark of the real things that are going on. in North Africa,India,Mexico ,millions of people are effected by land loss anddesertification in recent times thousands of people have died because of exessive heat,usually old people.in India ,Mexico and France, deforestation causing desertification,the desert conditions causing very cold nights and scorching hot days in china, thousands of what used to be farmers are running for their lives from the dust storms that have burried their towns and turned their lands into dessert,the globe where they were got to hot for them . and instead of producing food they are now needing it from some where else,and they will drastically effect the world food prices when they start buying water in the form of grains ,at any cost destabalising governments, in some countries ,could be the result (are...
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...Financial stability has always been regarded as the most important factor in ensuring a happy marriage. It is the pillar that holds a family together just like how pillars (the foundation) are imperative in preventing buildings from collapsing (good analogy). Without financial stability, marriages often end in divorce. A recent poll by the Jiayuan match-making website has shown that sixty percent of 1000 women are not in for ‘naked marriages’ this means that more women will only decide to tie the knot if their spouse owns a house. This just further proves (word choice - emphasizes) the importance of financial stability in marriages and that it plays a big role in ensuring happy marriages. So, what exactly is financial stability? In my opinion, being financially stable does not necessary mean that one needs to be rich and can afford a very extravagant lifestyle. Instead, it should simply be when one is debt-free, is able to afford and pay for the expenditure of their family and have the monetary means, savings, income to meet the needs for today and the future. (good definition of key terms) “Money can't buy you happiness.” (Dialogue) I believe most of us are very familiar with this quote and are now wondering, if money can’t buy us happiness, how or why does financial stability ensures a happy marriage? Couples get married not only to justify (word choice - as a testament of) their love for each other but also in view to start a family. (explanation) In today’s fast-paced...
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...CHILD LABOUR 1.The best way to reduce child labor for multinational corporations? Child labor offers perhaps the best example that big improvements in the workplace are always driven from pressure from within. Banning imports of products made by minors might make the people of San Francisco happy, but it has done very little to improve the lot of poor children overseas. “There is very little evidence supporting any connection between trade and child time allocation other than through the impact of trade on the living standards of the very poor,” writes Eric V. Edmunds, an economist at Dartmouth College who directs the Child Labor Network at the Institute for the Study of Labor. Most child laborers do not work in trade-related industries but in more backward areas of the economy — mainly in agriculture and retail trade. Some 300,000 children weave carpets in India, Pakistan and Sri Lanka, often for export. But this number pales next to the 8.4 million children ages 10 to 14 in India’s work force alone. The good news is that child labor has declined sharply. In 2008, 176.4 million children under 15 around the world held a job, about 35 million fewer than in 2000. But the main reason for that is industrialization and economic growth. Income growth is the one dynamic that we know can persuade parents to take their children out of the work force and put them in school. Unfortunately, campaigners in the West often ignore this finding. Garment manufacturers in Bangladesh fired...
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