...potential in each of the countries for a Greenfield project. This analysis will compare the financial conditions in each country as well as trade policies, currencies and cultural variables which could affect the project. This paper will also include a recommendation to the steering committee of Acme as to which may be the preferred country for the Greenfield project. Introduction To begin, I will give the definition of a Greenfield Investment: “A term which describes investment in a manufacturing or production plant in an area where little or no physical infrastructure or facilities exists” (Financial Glossary, n.d). In other words, building or establishing a plant or other type facility where there was nothing previously. The opposite would be considered a Brownfield Investment, which is established in or on existing facilities or grounds. Multinational enterprise Acme, is currently considering expanding their business globally by establishing a Greenfield facility in a foreign country. Foreign countries each have their own unique policies in regards to establishing a business, as well as their own cultural proclivities, currencies and laws. This paper will offer analysis regarding the suitability of the United Kingdom (UK) and the United Arab Emirates (UAE) for the Greenfield project. To further clarify, the UK belongs to the European Union (EU) while the UAE does not participate in the EU. Comparative Analysis Both the UK and the UAE contain advanced markets that...
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...evidence must show that the student is able to: | | Task no. | | Evidence | 1.1 | Explain the unitary and pluralistic frames of reference | | | | | 1.2 | Assess how changes in trade unionism have affected employee relations | | | | | 1.3 | Explain the role of the main players in employee relations | | | | | 4.1 | Assess the influence of the EU on industrial democracy in the UK | | | | | 4.2 | Compare methods used to gain employeeparticipation and involvement in the decisionmaking process in organisations | | | | | 4.3 | Assess the impact of human resource management on Employee Relations | | | | | Criteria reference | To achieve the MERIT criteria the evidence must additionally show that the student is able to: | | Task no. | | Evidence | M1 | Effective approach to study and research and has been applied to understanding partnership in UK | | | | | M2 | Research of relevant sources for information and noting in your bibliography | | | | | M3 | Coherent, logical development of principles/concepts by exploring and commenting by the challenges of such an idea in the EU and Trinidad | | | | | Criteria reference | To achieve the DISTINCTION criteria the evidence must show that the student is able to: | | Task no. | | Evidence | D1 | Using critical reflection to evaluate own work and...
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..."As exemplified by The European Union (EU), regional economic integration is replete with political, economic, and cultural danger. Discuss through the use of valid, real-life examples." It seems to be a constant discussion in writing of the issues of regional economic integration. For many years, globalization has brought us countless benefits to the world, and built up a greater reliance on other countries for goods and services. This comes up with a closer international cooperation to certify that regional integration is ever more comprehensive and contributes for the value of all. The term ‘Regional economic integration’, “refers to agreements between countries in a geographic region to reduce, and eventually remove, tariff and non-tariff barriers to the free flow of goods, services, and factors of production between each other" (Hill, 2013). It is inspired by a desire to exploit the advantages from investment and free trade in order to reduce the tensions that can lead to international conflict. However, often the rhetoric does not match the reality. Economic integration, even provides some benefits for member, is facing a litany of political, economic, and cultural danger during the process of development. Thus, regional economic integration can be harmful for the member country owing to their disruptive influence. Here in this essay, we will mainly focus on evaluating the threats to regional economic integration and compare and contrast the positive impacts of economic...
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...ANALYSIS OF NAM HO TRAVEL PTE LTD STUDENT NAME: Huang Yingbo COURSE: ADVANCED DIPLOMA (TTH) STUDENT No.: 130601AD 1.0 Background of the Organisation In this chapter, it will give a throughout brief understanding of Nam Ho Travel Pte Ltd, it will be divided into brief introduction, products and services and locations of the offices. This chapter will help the researcher to do a in-depth analysis of Nam Ho Travel Pte Ltd 1.1 Brief Introduction Nam Ho Travel Service Pte Ltd is incorporate in 1963, until now, it is one of the most established travel agency in Singapore. Nam Ho travel is a travel agency that providing a wide range of services and products to both corporate and leisure traveller. The mission of the organisation is to provide result-oriented services to meet customer’s requirements and also budgets. As one of the oldest travel agency in the market, Nam Ho Travel keep updated with technologies, new computerised technologies helped Nam Ho Travel to retain and even increase the reputation in the industry by providing a efficient service. Nam Ho Travel Service Pte Ltd takes pride in satisfying the customers, and even surpassing the expectation of customers. Meanwhile offer wide-range of products and services, to satisfy different types of consumers. 1.2 Products and Services This chapter will be introducing and analysing the products and services that Nam Ho Travel provides. As listed down: * Outbound group tours Nam Ho’s outbound group...
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...European Economic Policies 1. THE MULTIPLE DIMENSIONS OF AN ENLARGED EUROPE 1.1 THE HISTORICAL DIMENSION Many unprecedented achievements characterize the Europe we see today; for the first time since Charlemagneʼs Holy Roman Empire in the 9th century in the ninth century, most of the European continent (400 million citizens) is again united and in peace. For the first time (at least since the last century) a set of countries have autonomously decided to relinquish to a supranational authority the control of one of the key symbols of a nation, its currency, without renouncing their identity or independence (along with numerous innovations). All this in less than 60 years. Historically, a period of war in Europe has ended with one or more treaty (e.g. 30 years war → Westfalia, Napoleonic war → Vienna Congress, WW1 → Versailles) The end of WW2 produced a series of treaties which, among other things (UN), laid down the founding pillars of the modern European Union The First 40 years (1950 – 89) Its acknowledged that the start of the European integration can be identified in the “Schuman declaration” a speech by French foreign minister in 1950. He proposed that France and Germany and other nations wishing to join, pool their coal and steel resources. It was an opening of credit to Germany (only 5 years after the first tank left Paris) and it implicitly recognized the new world order with france and germany allied with the US. It was also a security measure for France with respect to Germany...
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...assembled on a relatively fast basis at their headquarters in Toulouse. First when watching the video we can clearly identify that nothing is really being produced in the supposed place “of production”, rather just assemble all of the incoming pieces to allow for a relatively fast production rate. What resulted from the video is the identification of the reasons why and why not to have inventory as the video illustrated a lack of stock in production. Reasons why to have inventories: • Scale economics • Uncertainty • Speculation • Transportation issues and logistics • Production planning smoothing • Inventory control costs Scale economics won’t drop down the price on such airbus related materials, and without uncertainty or speculation of any sort in such a market (on a short term basis), with a lack of need on controlling the costs of inventory, one theory remains key to the airbus manufacturing process, that theory that states that Airbus was born due to the proximity of the EU countries and so the geographical constraints are very important. Meaning that airbus is a combination of different EU organization that each one manufactures its products in a way that optimizes there restraints and capabilities and all is dialed down for assembly, and the proximity and open market of the multiple EU countries involved in the production that takes out the need of the transportation issues and logistics. 2. Why your Beer Game...
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...A. Executive Summary: The Zhong-Lian Knitting Company Chinese Joint Venture (JV) is facing trouble among its two owners that have different objectives. American based Heartland Spindle is looking for higher profits and a move to higher quality clothing markets in the USA while Suzhou First Textile Company, the Chinese partner, is looking to enter the domestic Chinese market and expand its manufacturing capacity through job growth, in line with local government pressures. My recommendation is to first focus on what is best for the JV given its situation and opportunities – which is to grow through acquisition and focus on expanding its current clothing products into the Chinese Domestic market. From that analysis with the implied 4% ROI, Heartland should to exit the JV and invest in entities that better meet its needs and expectations in countries that are more attractive to its needs. Finally in the future Heartland should be more careful when entering into JV agreements so that all parties have an appreciation for cultural differences, a common understanding of objectives and directions that are embedded in the JV agreement. Note – the Executive Summary is one area that is repetitive of other sections given its nature. B. Industry Dynamics: The Zhong-Lian Joint Venture (JV) is currently manufacturing clothing for the US mass market, a strategic group within the overall apparel industry (versus high end fashion brands). Their clothing is sold through retailers such as Walmart...
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...é The Effects of Mandatory IFRS Adoption in the EU: A Review of Empirical Research October 2014 Information for Better Markets An initiative from the ICAEW Financial Reporting Faculty The Effects of Mandatory IFRS Adoption in the EU: A Review of Empirical Research forms part of the Information for Better Markets thought leadership programme of ICAEW’s Financial Reporting Faculty. ICAEW operates under a Royal Charter, working in the public interest. As a world leading professional accountancy body, ICAEW provides leadership and practical support to over 142,000 members in more than 160 countries, working with governments, regulators and industry to ensure the highest standards are maintained. The ICAEW Financial Reporting Faculty provides its members with practical assistance and support with IFRS, UK GAAP and other aspects of business reporting. It also comments on business reporting issues on behalf of ICAEW to standard setters and regulators. Its Information for Better Markets thought leadership programme subjects key questions in business reporting to careful and impartial analysis so as to help achieve practical solutions to complex problems. The programme focuses on three key themes: disclosure, measurement and regulation. We welcome comments and enquiries on this report and on the other aspects of the Information for Better Markets programme. To contact us, please email bettermarkets@icaew.com. © ICAEW 2014 All rights reserved. If you want...
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...Topic: Ambiguity Aversion By - Group 5 Monysh Bandeally (07) Warada Bhagwat (08) Sayali Bhanage (10) Saona Bhattacharya (12) Shobhit Mishra (36) Introduction In decision theory and economics, ambiguity aversion (also known as uncertainty aversion) describes a preference for known risks over unknown risks. An ambiguity averse individual would rather choose an alternative where the probability distribution of the outcomes is known over one where the probabilities are unknown. This behavior was first introduced through the Ellsberg paradox (people prefer to bet on the outcome of an urn with 50 red and 50 blue balls to on one with 100 total balls but for which the number of blue or red balls is unknown). There are a number of choices involving uncertainty and normally they can be classified in two categories: risky and ambiguous events. Risky events have a certain probability distribution over outcome while ambiguous events have some uncertainty over said probability distribution. The reaction is behavioral and still being formalized. Ambiguity aversion can be used to explain incomplete contracts, volatility in stock...
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...disadvantaged groups of working age people. The recruitment market is from government side regulated by The Department of Work and Pension. The government is committed to take care of the welfare of its people. Department of Work and Pension helps to tackle contemporary issues with introducing New Deal, creation of Jobcentre Plus and introducing National Minimum Wage. Proposal of the new Welfare Reform Bill is debated in the House of Commons and hopefully will come into practice in 2007. Employment agencies are also regulated within this much expected new reform. (DWP website) and (Murphy, 2005) As the UK operates within an EU market, there will be another directive AWD – EU Agency Workers Directive coming in to force, but at the moment is shelved as EU plans a much broader directive. (Keynote 2006) However major survey about the impact of workers from EU on...
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... 3.2.5 Individualism 3.2.6 Masculinity 3.3 Limitations of Hofstede’s Dimensions | pp.12-17 | Chapter IV – Gamification4.1 Introduction4.2 Defining and Explaining gamification4.3 Gamification’s effects on business4.4 Examples of gamification4.5 Criticism – The dark side of gamification | pp.18-20 | Chapter V – Corporate Social Responsibility5.1 Introduction5.2 Defining and explaining CSR 5.3 The Foxconn and Apple scandal5.4 Recommendations and Actions | pp.21-22 | Chapter VI – Recommendations to Management | pp.23-24 | Chapter VII – Conclusions | pp.25 | References | pp.26-27 | Executive Summary Executive Summary This report provides an analysis and evaluation of the issues an EU company might face during its operations in a third country (non-EU member state), through a review of the current literature on cross-cultural offshoring management, Hofstede’s cultural dimensions and gamification. The methods of analysis used, include a comparative analysis between UK’s culture and Indian culture. The results of the research illustrate that considerable...
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...Political Factors Political factors includes government regulations and legal issues defines both formal and informal rules under which firm operates some example like tax policy, trade restrictions and tariffs, political stability. Political arena has huge influence up on the regulations of business and the spending power of consumers and other business. Over many years the pharmaceuticals industry has increased political attentions because of increase in recognitions of the economic important of healthcare as a component of social welfare . It takes 10-15 years on average to experiment drug to travel from lab to patient consumption, as patent protection is fixed that is only 20 years but companies has to spend 15 years on experiments by the time it reaches to the market the patent will be almost comes to expired and which will result in birth of generic medicines which has exactly same ingredients as of branded drugs but shows huge difference in price, because the generic brand does not spend on clinical trials so the entry of generic are the major impact on pharmacy industry because of the legal policy set by political forces example in us 84% of sales had been dropped in 12 weeks by Allegra hay fever treatment because of expiry of patent in 2006. Another major problem affecting the industry in many countries are monophony which means only one powerful purchaser who are government. Since 1980 government around the world attracting pharmaceuticals as a politically easy target...
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...Results of Ethical Consumerism on Danish Firms – By Ali Adel Murad – Bahrain -UOB In Brief Friday, January 27, 2006 On January 26, 2006, a massive boycott of dairy produce from Arla Foods started over what is perceived as a Danish attack on Muslim values. Marianne Castenskiold, a senior consultant for Dansk Industri, expressed a fear that the boycott will spread to other countries in the region and have detrimental effects on other Danish products. Denmark is one of the leading exporters of agriculture in northern Europe, whose economy is heavily dependent on foreign trade and investment. The boycott has been announced at Friday prayer services in Muslim mosques since January 20, 2006, obviously helping to foment popular support of the nations response to Denmark's alleged ignorance of Muslim values. The boycott is a response to the publication of an article in a major Danish newspaper, Jyllands-Posten. In its September 30, 2005 issue, the paper printed 12 drawings of the Muslim prophet Muhammed, drawings of the prophet are prohibited by Islamic Law. In an attempt to start a debate over freedom of speech in Denmark, the newspaper printed 12 drawings of the prophet. Four of these were of a satirical nature, with one showing the prophet with a turban hiding a lit bomb. The immediate reactions to the publication of the drawings included ambassadors from 12 Muslim countries demanding that the Danish Prime Minister, Anders Fogh Rasmussen, denounce the newspaper. Rasmussen...
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...INTRODUCTION The historical relationship with African countries is fundamentally different for traditional and new donors, or Western donors and China. In contrast to Western donors, China never had a presence as a colonizer in Africa. To the contrary, China played the role of a supporter in the struggle for independence of African countries. This is highlighted by a lot of Africans, particularly in response to Western criticism of China. Some Africans feel that the reactions from the West arise because Westerners fear competition from China. Consequently Western objections to China’s way of dealing with Africa, is not perceived as a result of concern for African countries, but a protection of Western political and economic interests on the African continent. The Chinese emphasize that their engagement with Africa is in fact South-South cooperation, and that it should be beneficial to both China and Africa. Rather than emphasizing its role as a donor to African countries, China considers its engagement to be a mutual benefit, leading to win-win results. Chinese aid is mainly invested in infrastructure such as roads, railways, buildings, monuments etc. This is generally very welcomed in African countries where infrastructure is often seriously underdeveloped. Many of the infrastructure projects are implemented to facilitate trade. Although all of the countries in cooperation with China are receiving some sort of aid, the size and form of the aid inflows vary. China does not disclose...
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...Grading Rubric and Example of Case Analysis for MGMT 430 Decision Making Assignment Grading & Feedback (helpful hints in italics) Student: ____________________________Assignment: ______________________________ Area Additional Comments – also see submitted analysis: Executive Summary – clear and concise on key issues and recommendations 5 Executive summary should make the key issues and the recommendations clear for the reader. No need to discuss processes or extraneous items. Industry Dynamics – identifies key issues about how the industry and key competitors operate to provide customer value and profitability 5 Identify how the industry actually operates – are there strategic groups within the industry, how do key competitors provide value to the customers, how do firms generate profits and are there any resources, capabilities or collaborators that are key to success. Performs an insightful Situation Analysis using at least 3 frameworks appropriately (appendix)– IDs key issue(s) 20 Frameworks include such tools/concepts as: Stakeholders Analysis, SWOT, Root Cause, 5 Forces, 5 C’s, Market Expansion grid, etc. The actual frameworks should be placed in the Appendix. Use numbers! Specifies Opportunities Available or Penalties if problem continues 5 Impact of situation or opportunities are clear& specific – magnitude is identified (answers “so what” Appreciation) use numbers whenever possible! Logical...
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