...AE 5A Writing Assignmaent Academic Essay: Case Study Final Draft of Philip For a company to develop, it is necessary to expand its scale of business, which is following opportunity and risk. All companies face the risk that could let them failed into transfer in new environment and new market, including lease-to-own stores. Lease-to-own is a pattern of shopping usually used in U.S. which provides goods to rent till own within a contract date. One of the dilemmas facing lease-to-own chain is whether to expand the businese by building retail stores overseas, where is a strange environment to them. This dilemma is the key point of Michael Chu’s case study, ‘Play it safe at home, or take a risk abroad?’(2012). This case focuses on a American lease-to-own chain company, Coe’s, which sells household items and furniture, and its CEO, Stan Windham. At this moment, he and his father have built one thousand stores business in America that the company is considering of expanding abroad, Europe or Mexico. Aubrey Merrin, a mannager of south Tuscon store, and a cashier lady of a convenience store, both meet Windham in one day and suggested him to extend his business to Mexico. On another hand, the CFO of Coe’s, Carl Amirault, who is trusted by Windham, argues that Mexico is a worse choice than putting more stores domestically. Also, he points out the failure case of Puerto Rico should be treated as a lesson. The CEO now needs to make a decision whether to extend to Mexico or maintain...
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...Case study «Play it safe at home, or take a risk abroad» Coe’s is a big lease-to-own chain in U.S., which has been established by Terry Windham from 1950’s from investing $600 in 32 chairs to rent out to auction. Starting from this the business expanded to party equipment and sickroom gear and later on in 1970’s it is oriented on furniture and the household goods. Stan Windham, a CEO of Coe’s chain and the son of Terry, has opened the 1,000’s store in South Tucson. Not looking for a market saturation, such as Mr. Rental and Walmart, the company doing great as it is differ from them. Unlike its competitors, Coe’s is accented on ownership offering a monthly payment schedule and a shorter contract period, as well as free delivery of items and free repairs. The policy of a chain is to train Coe’s managers in way that they only approve lease agreements only for people who could afford the payments. The policy of a company to identify customers who were not aware about renting-to-own before, but though he economy has a recession, were afraid about committing a big-ticket items at once. Another things, which make Coe’s chain more attractive to customers is that, in case they couldn’t afford to make payments, it is possible to resume the contract with no penalties whenever the financial situation improved. The situation is that investors want the Coe’s chain to grow. One expansion which was rather successfully done in the 1990’s into Canada and there are over 100 stores now. But...
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...Session By: Edward J. Hamilton Business Communication PRCM325J Ohio University 2010 Table of Contents Overview 3 Behavioral Objectives 4 Outline of Training Session 5 Literature Review: What are they thinking? 7 Bibliography- Literature Review 10 Attachment 1: Study Abroad Handbook: Risk Factors and Strategies to Reduce Risk 12 Attachment 2: Proxemic circle 15 Attachment 3: Multi-Cultural meanings of Paralanguage Gestures 16 Personal Safety: What are they thinking? Overview Criminals are bolder and have less regard for their victims than ever before. Places that once seemed safe are no longer immune from danger. The death spiral of the economy plays a major factor in the increase of crime. There are two parties involved in the commission of crimes, to both persons and property; those two parties are the potential victim and perpetrator. Within each of those parties at the time of a commission of a crime, they possess an innate sense of non-verbal and verbal communication that engage, takes over and governs each party’s behavior throughout the event. For each respective party in a personal contact situation, that sense comprises of a series of cues which could take the form of voice intonation, body language, strength in numbers, and the surprise of direct violence. In some cases, the exchange can be analogous to a chess game in hyper drive. In other cases, the exchange may not be so swift. In cases of property crime, the two parties may never...
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...how globalisation has reshaped the world in terms of social, economic, environmental and technological aspects. One of the key idea that the video clip demonstrated is that the economy in emerging markets will overtake the economy in developed countries by 2020 for the first time in human history. Fundamental concepts of the session- What is globalisation, how it has evolved and affected our lifestyles, the globalisation of markets and production Example of Starbucks and Boeing- How did these two firms take the opportunity of globalisation to way they used to operate, and expand in both their home country and overseas . The global economic activities are shifting towards emerging markets, e.g The BRICS Why and how big data will play an essential role in the aspects of business competition and managing a multinational company. Even though global companies account for the world/s ¼ GDP, ½ of these companies ‘profits are still generated from their home coutries, big question is, has globalisation made the world flat and removed the barriers to do business in the globe or do differences still exist across different countries. CAGE Framework- Cultural differences, Administrative differences, Geographic attributes, Economic distance Some examples of the frame work: 1. Cultural differences lead to reduction in transactions between countries. Different languages, cultural barriers between different ethnicities and social networks, different religious beliefs...
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...Report on Foreign exchange operation in Bank Asia Abstract This paper reports a study of foreign exchange operation practices in Bank Asia. The sample for the study consisted of Bank Asia’s annual report, web address, foreign exchange policies. The results revealed that Transferring money abroad can be a difficult and worrying task for many, unsure of whether the money has reached the destination, and whether the rate that you are getting is worth while. . The finding of the study By choosing B A Exchange you are joining the larger Bank Asia Network of branches, with a promise of excellent service, reliable transfers, and fast delivery. Whether over the phone or in branch you will experience the service of our highly trained and dedicated staff, who will guide you through the entire set up and transfer process. The benefits of choosing this service will be the commitment to making sure the transfers are processed in that time and reach their destination. Other transfers and time will make sure they are there in 24 hours. Providing safe and secure transfer services to the surrounding Bangla Town community enables money to reach the right people first time. These services are accessible in branch and by phone, making this one of the most convenient solutions in the area. As part of the greater strategy of Bank Asia to provide support to Bangladeshi Nationals who are living and working in the UK, B A Exchange provides a conduit for...
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...enhanced economic and trade relationship between China and Asian economies, and China’s increasing importance in the world economy, China’s national currency, the renminbi (RMB) will be getting global from Asia. As regional internationalization of RMB is doubleedged, in order to eliminate the financial risks brought by this process, maximize the benefits, it is necessary for China to consider the trade off between costs and benefits of RMB internationalization. RMB internationalization is a dynamic process, in accordance with the different level of the process, the phased strategy should be implemented, and the corresponding policies should be pursued too. Key word: RMB internationalization Cost and benefit Roadmap Introduction If you travel in the Asian region, you will notice that the Chinese renminbi is appearing more often in shops and restaurants, driven by the rapid growth in mainland tourist volumes. Will Chinese Renminbi be the next world currency? Since 2000, RMB internationalization has attracted great attention from the policymakers and the academics both at home and abroad. There is sizable RMB circulation in China’s neighboring countries and economies, even RMB can be fully convertible in some developed countries, some of neighboring countries and economies treated RMB as a reserve currency. This is a new economic phenomenon for both China and the world. Because in economic development history, It has been rarely for a developing country’s ...
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...Globalization refers to a process of increasing integration between units around the world, including nation-states, households, corporations and other organizations. It is an umbrella term, covering economic, trade, social, technological, cultural and political aspects, and is the opposite of protectionism. Theodore Levitt is usually credited with globalization's first use in an economic context. People are linked together economically and socially by trade, investments and governance. These links are spurred by market liberalization and information, communication and transportation technologies. Globalization is the process of corporations moving their money, factories and products around the planet at ever more rapid rates of speed in search of cheaper labor and raw materials and governments willing to ignore or abandon consumer, labor and environmental protection laws. Technology is one of the strongest forces driving globalization. Cable television, satellites, fax machines, and the Internet have all contributed to networking a global society. Globalization brings positive and negative effects to the market. For positive effect, as an engine of commerce; one which brings an increased standard of living, literacy and health to Third World countries and further wealth to First World countries. As an engine of corporate imperialism, one which has no connection to local standards of human rights in developing societies. Negative effects include cultural assimilation via so-called...
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...cultural direction. This research paper will attempt to define and explore the term culture shock, identify different stages in the process, share first-hand experiences and provide some personal remedies for dealing with culture shock as it relates to International travel. Modern technology allows an increasing amount of people to travel easily and quickly more often. Though man has always been mobile and has throughout history interacted with other units, tribes, nations and peoples, never before has the position of the individual been so favorable. Traveling and living abroad is more the standard than an exception among young students nowadays. With the flow of people also flow new ideas, concepts, ideologies and views. Through school and educational background, the media and arts, new views are continually being introduced to the public. However, only through traveling and living abroad can one get the actual experience of the things that we hear about in the classroom or on television. The term ‘culture shock’ was originally created by the anthropologist Oberg to describe the effects that living in a different country or culture can have. Oberg assumed that we go through distinct phases in adapting to a foreign environment. We start in a honeymoon phase where we see everything as positive and enjoy the...
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...target for companies as they tend to consume global brands during their stay abroad in order to avoid cultural shock and thus should be addressed with specific communication. The literature review articulates global brands and advertising with cultural shock, explained on the basis of Trompenaars and Hampden-Turner’s dilemmas’ theory. The qualitative method used in this research were 53 in-depth interviews. Results demonstrated that expatriates relay on well-known brands to adapt to new environments when they are abroad and that specific advertising help them to reconcile dilemmas. Key words: Global brands, advertising, expatriates, cultural shock Introduction Economic and social factors are working to increase global competition and global operations, and subsequently an acceleration of traffic in expatriation and repatriation. Johansson and Ronkainen (2005) state that research shows that one of the most common features of a globally integrated marketing strategy is the adoption of one brand name around the world, whereas Callow and Schiffman (2002) talk about how advertising interpretations are dependent on cultural factors of the viewer. Therefore, the present paper is relevant because it demonstrates that particular attention should be drawn to expatriates during their sojourn abroad. While struggling to adjust both as individuals and professionals, expatriates should deal with uncertainty and risk taking. They should also face different behavioral patterns, which could be...
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...| 5. | Benefits of taking Insurance | 6. | What is Globalization? | 7. | What is TRAVEL INSURANCE? | 8. | Types of Travel Insurance | 9. | Types of Travel | 10. | What is Foreign Travel Insurance? | 11. | Objectives of Foreign Travel Insurance | 12. | Guidance to Foreign Travel Insurance | 13. | Foreign Travel Insurance Coverage | 14. | Student Travel Insurance | 15. | Over 65 Travel Insurance | 16. | Foreign Travel Insurance in News | 17. | Foreign Travel Insurance W.R.T ICICI Lombard | 18. | Conclusion | 19. | Questionnaire & Analysis | Summary Provides information on the benefits of foreign travel insurance and what is generally included. Falling ill or experiencing an accident while travelling abroad requires foreign treatment, and, with medical expenses increasing worldwide, this can lead to costs much more difficult to cover than the actual holiday. Medical expenses increase immensely if there’s need for repatriation. Compared to the expenses of an accident in a foreign country, travel insurance is extremely cheap. As a general rule, buying from a travel agent usually means paying a lot more, not to mention the fact that travel agents are often not qualified or keen to discuss the details of the cover. The circumstances may not allow a detailed inspection of the policy, and very often, the policy document...
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...Abstract Greece is experiencing a budget crisis so severe that the country may lose its footing in the European Union. Athens is reporting a deficit that is four times the EU limit, which means that Greece could be in danger of losing the euro as its national currency. The government has promised tough austerity measures, but many Greeks say they are in no mood for sacrifice. Farmers are blocking border crossings, highways and major ports to demonstrate their frustration. They say they're desperate. Cheap imports and middlemen's charges are apparently pushing Greek produce out of major markets. Pavlos Issaris grows potatoes, wheat and corn. He says the cost of doing business is putting him out of business. He and other farmers want the government to provide subsidies to reduce the price of diesel and other necessities. And Issaris says he also wants the government to more aggressively control imports. Greece and its Economy Problem The new government of Socialist Prime Minister George Papandreou is resisting subsidies. Athens is trying to reassure its EU partners with a plan that includes tax hikes and sharp cutbacks in the country's enormous public sector. Nearly 1 in 10 Greeks is employed by the government as a civil servant; that's almost 1 million people. But Papandreou's pledge to trim that number has already triggered protests. Civil servants are planning nationwide strikes this month. People have a hard time believing that we're actually going to do what we...
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...or process of educating or being educated from a school at any level. Many are asking is a college education worth it any more. Some are questioning if the value of education worth the time. Unfortunately this situation is a growing problem in our society, which needs a positive solution put in place so we won't be forced to make these difficult decisions later in life. Managing money should be a big focus in our school system. The benefit of college education, does outweigh the cost, though the cost of college is at an all-time high, it’s still beneficial. As a society we have been conditioned to accept the pursuit of a higher education as a primordial part of our development into professionals and ultimately breadwinners in our homes. The salary of a high school graduate is seventy-three percent lower than that of a college graduate in any given field of study(Abel.Jaison, 2014) The disparity in job opportunities for that same high school graduate versus that same college graduate can vary just as greatly. A degree, even when unrelated to the job applied for, demonstrates reliability and perseverance to a potential employer. We are therefore expected, often as young adults, to at least consider some college education before heading into the work force. Speaking from a realistic experience and standpoint there are many things to consider before deciding how much a college education is worth to you; before all else, you must consider whether or not you can afford it. A...
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...ESSENTIALS OF MANAGEMENT Chapter 4 – Subject Review Questions 1. After reading the short excerpt “Custom Coffee & Chocolate”, the reader has a pretty good idea as to what their mission statement might be. In my opinion, the mission statement for “Custom Coffee & Chocolate” could be along the lines to provide a comfortable, convenient location for Students, Faculty, and local residents to come and indulge in their love of fair trade coffee and fine local chocolate. 2. SWOT Analysis for Custom Coffee and Chocolate is below. Strengths – Quality Ingredients, Store Location, Stacy’s financial background, Bonnie’s marketing abilities, comfortable environment, both owners have experience in this market, good potential customer base. Weaknesses – Lack of employees, lack of capital, amount of takeout orders, small shop, and unstable price points. Opportunities – Delivery service, additional employees, wireless connection, expanding the menu, holding of events, creation of a website and blog, school affiliation Threats – Competitor coffee shops in the area and the university cafeteria along with student meal plans Both owners understand that a tactical plan is a set of procedures or steps used to translate their broad strategic goals into a specific plan with a timeline. * The first order of business is to hire two part-time employees; this should be done within 2-4 weeks, as this will free time for Bonnie and Stacy to implement the rest of the plan. *...
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...SEMESTER PROJECT BY Afungsa Candy Noumvi 7TH SEMESTER (2012/2013) AALBORG UNIVERSITY COPENHAGEN RESEARCH QUESTION Do Danish families Prefer traveling more abroad or within Denmark for holidays ? As a National Destination Management Organisation- VisitDenmark, what is the organization doing to stimulate Danish families to participate more in domestic tourism? * The theme of our research is Motivation. What motivates Danish families in choosing their holiday destinations? Do they mostly go abroad or not? And why? * Problem area is improving the tourism sector of Denmark to attract local Danish families. Here we will be analyzing the campaign VisitDenmark to see what the organization has been doing so far to encourage domestic tourism. TABLE OF CONTENT * chapter one……………………………………………………… …..Page 4 -Introduction (some background on tourism in Denmark)………………………4 -Problem formulation/ hypothesis -Research objective (what do we want to achieve in this research……………………………………………………………5 - Delimitation………………………………………………………………..........6 * chapter two……………………………………………………………………….7 - History of leisure tourism …………………………………………………......7-8 - Definition of theory…………………………………………………………..9-12 - Analysis of the Campaign, how does VisitDenmark promote domestic tourism……………………………………………………………………… 13-19 - Danish outbound tourism…………………………………………………...20-22 * chapter three………………………………………………………………….....23 - Research methodology……………………………………………………...
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...Markwell Introduction I must say that this assignment has come at a perfect time as I found myself surrounded in History as I toured Pearl Harbor this weekend. I have to admit watching video and listening to some of the survivors take on the events brought me to tears. I was fortunate enough to have my mom on this trip and she gave me some more great family history and explained that her sister was on the island when the attack happened and was able to get back to the mainland 10 days later. I could write 10 pages on what we spoke about the past few days. Our class has made me realize that we speak of history every day even in simple conversations about what we did a year ago or when we were children, the events we witness today is our children’s history and it is made every day. This class has opened my eyes to take a closer and awareness at the things that are happening around us today and in the past. Now that the class is about complete I am not sure how anyone may have negative views on history, no matter what had happened in our history it has been done and we must see it for the positive things we can take from our past. The debate on immigration can be seen and actually felt when traveling to different parts of our country and abroad. Listening to some of the fascinating tales on Hawaiian history it was not that long ago Americans and Europeans were trying to mass populations, mainly military, to Hawaii. The Asian influence came in the late 1800’s when they needed...
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