...of HAECO’s Works Consultative Committee Identify your character: Stephen Lau, Director- Support and Development Step 1 - Identify the Problem/Opportunity. How can the Company ensure its’ continued profitability with the cooperation of its 4,800 employees. Step 2 - Identify the Causes of the Problem/Opportunity. The squeeze on the airline industry’s profits has had a rippling effect on the aircraft engineering industry. With HAECO’s pervious monopoly status undermined and the increased overhead costs of operating in Hong Kong, new strategies have to be implemented. Step 3 - List Alternative Solutions to the Problem (or ways to take advantage of the opportunity). a) Shut down smaller/ medium sized plants. Pros: * Reduce operational costs Cons: * Allows competitors and advantage * Employee Lay-offs b) Pursue more joint ventures Pros: * Shared goals of profitability with other companies * Combined resources. * Access to new markets Cons: * Communication issues * Time consuming * Costly c) Relocate to a less expensive area to do business. Pros: * Increase profitability * Opportunity to penetrate new markets * Competitive advantage to offer lower pricing Cons: * High turn over rate resulting from employees who cannot relocate. * High costs associated with relocating * Potential loss of customers Step 4 - Select the Best Alternative Solution. The best alternative solution...
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...example, in China and India there are many local companies already have technology to produce products with low price to sell local customers. Besides, they have more ability to manufacture customized products to cater to local customers. In the part of costs increasing, along with the increase of global raw material costs, the low-cost advantages will be decreased in China. 2a.The pros and cons of alternative solution 1 to address these marketing issues/challenges. 2b.The pros and cons of alternative solution 2 to address these marketing issues/challenges. Status quo or doing nothing is not an option. Be sure to consider ALL relevant environmental variables: sociocultural, technological, economic, demographic, natural, regulatory (legal), political, and competitive. (10 points) 2a. The solution of first challenge is that Samsung can cooperate with local companies. Pros: Reduce costs, spread risk, access to local information quickly and meet the expectations of Governments. Cons: It may train potential competitors and it is difficult to control the business activities of cooperation company. For example, if Samsung cooperate with Xiaomi Technology in China to develop mobile phone, the technology of Samsung may be stolen by Xiaomi. 2b. The solution of second challenge is that more efficient use of marketing costs. To enhance brand value to attract consumers to purchase Samsung products actively. For...
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...months. Due to the sequence of events and the circumstances of this case, any logical, objective, and fair-minded observer would question the underlying motive of this claim and, subsequently, its validity. However, since cases like this are not usually adjudicated in the moral court or court of public opinions, this facility is prepared to explore its options and seek resolution either through a formal arrangement, a formal institution, or a legal entity such as the following: Court of law, arbitration, mediation, and / or settlement. In order to make an informed and appropriate decision, it is not only necessary to analyze and fully understand each choice conceptually and practically, but it is also important to assess the pros and cons as well. Court of Law According to Merriam Webster dictionary (1828), court of law is an arm of the judicial branch of government that adjudicates cases and administers justice, using legislation or precedence. On the basis of this definition alone, it is clear that the ideal step to take is to defend this case in the court of law in order to obtain justice. However, the circumstances of this case are...
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...however still provides a substantial upside over traditional currency. As the Bitcoin is consistent across borders worldwide it provides a significant opportunity to tear down barriers seen in international trade today. The Bitcoin can easily be seen as the first steppingstone towards the development of a universal currency. TABLE OF CONTENTS INTRODUCTION Globalization The Bitcoin Bitcoin and its Impact on Economic Globalization Is the Bitcoin the Beginnings of a Universal Currency? The Future of the Bitcoin Pro: No Specific Monetary Authority Pro: Gaining Acceptance Across the Globe Con: Lack of Regulation Con: The Bitcoin is Innovative Start but Not the Final Answer SUMMARY AND CONCLUSIONS I. INTRODUCTION 1. Globalization Globalization is expansion of economies, culture, and cooperation beyond geographical borders in which countries can grow beyond their personal limitations by engaging the world market. This cooperation can lead to technological advances, increased manufacturing capabilities, economy stability, and encourage innovation. The three major types of globalization are economic, cultural, and political. Economic globalization has reached the point where no country can claim to have an economy that does not have, at least at some level, that is not connected to at least one other country. In today’s world understanding economic globalization is essential to the success of the country’s economy and local enterprises. Cultural globalization...
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...and mash all units’ efforts. Pros: Simplicity - Focus on a single product or service. Stablity - Business strategies are less inclined to need changes or updating. Specialization - Employees grow within one specified field so that they can perfom well. Also, specialized units report only to a single authority, which is different from Matrix Organization Cons: Communication - Does not encourage interdivisional cooperation and knowledge sharing - It takes time to materialize every decision. - All of them are so distinct from each other’s viewpoint. - Narrow and limited - Too much focus results in neglecting the bigger picture and work efficiently towards a common goal. Divisional Organization : Divide the organization according to the type of work, region, or product. This structure divides the employees based on the product/customer segment or geographical location. Pros : - Allows flexible and quick response to environmental changes and it also enhances innovation and different strategies. - Multiple Choice of product to fulfill the manufacture line and also the need from market - No need to rely heavily on the parent company or top management of the company. - Workers with similar talents and abilities can cooperate, have easier to access to company resources due to management being familiar with workers’ needs. Cons : - HR or Finance and marketing...
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...Executive Summary I have been given the task to develop a collaborative procurement process for the post-secondary education partners in Newfoundland and Labrador. The mandate from the Ministry of Education is to develop a process in which cost savings and cost avoidance can be achieved through the collaboration of purchasing from Memorial University and College of the North Atlantic. My recommendation would be to utilize the Joint Tendering method to acquire and execute contracts for Goods and Services Purchases. The Shared Administrative Model will also be utilized to ensure that both Public Institutions are actively involved and that responsibilities can be equally shared. A key factor to the success of this implementation would be to have Senior level Staff dedicated to the Collaborative group and the full support of all trustees and yourself, the Ministry of Education. This team should also be under the guidance and leadership of the Supply Chain Manager. Following the execution of the process, monthly and quarterly meetings will be held to go over key issues, capture lessons learned, develop a policy and procedure to standardize the process, discuss strategic plan for future plans and also take the opportunity to recognize the efforts made by the collaborative group. Key Performance Indicators (KPI) have also been identified and setup to determine the level of success of this pilot. Contents Executive Summary 1 Issue Identification: 2 Environmental & Root...
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...or charged as harshly as they should be. Plea bargaining is a very common thing used within the courthouse and even though it can be good for an individual it can also be bad if not completely understood. The thing with a plea bargain is that at any time a judge can overthrow a bargain and still send the case through strenuous court hours. Plea bargaining is however very important because over ninety percent of all criminal cases are built and completed due to plea bargaining. Plea bargaining can be defined as an agreement between a prosecutor and a defendant whereby the defendant is allowed to plead guilty to a lesser charge rather than risk conviction for a graver crime in order to avoid a protracted trial or to win the defendant’s cooperation as a witness (“Plea Bargaining”, 2014). Now a plea bargain can mean everything to nothing towards a case. The prosecution would use these types of bargains for leverage against the defendant. What is meant by this is that the defendant can be offered to give a testimony of the events which can eventually lead into a charge and conviction into a higher profiled case. This is the case most of the time; usually the prosecution offers a plea bargain to reduce on court time and possibly to show a little mercy on the defense of the case. The prosecution is all about plea bargaining but so is the defense side of the court. The defense would seek plea bargains in order to eliminate or lessen the risk of a severe sentence post-conviction. There...
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...The Vigilance Project I. Rationale/Background PharMed International PharMed International is one of the world’s largest pharmaceutical companies. It was established two years ago when ValMed and PharmCO merged. PharMed is obligated to keep detailed records of how its drugs perform by relying on sophisticated database such as the Vigilance which will be used by division employees around the globe. The core team responsible for designing and implementing Vigilance has three members in the United States: Frank Lanigan, Carol Reynolds, and Mike Powell; and four members based in France:Didier Amrani, Karine Bareaut, Merline Bucquet and Fabrice Lemaire. In addition to the core team, five subteams were formed. Overall, half of the subteams’ members are located in the United States and half are based in France. Most of the U.S. core and subteam members were previously employees of ValMed. Before the merger, several of them, including all of those on the core team, played key roles in efforts to develop a similar system called Perspective. Several months later, the newly merged organization decided to scrap Perspective in favor of Vigilance. The Perspective team members were disappointed, but understood the rationale for the change in direction. The Vigilance core teams were introduced to each other virtually and had been working with each other via teleconferences. These teleconferences were frequently cancelled by Didier Amrani, the project manager, without...
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...joint venture equity stake/acquisition EXPORTING Pros: In developing countries it is necessary to reach an international level of quality, to upgrade machinery, raw materials and processes, based on imports needed for export. In countries with higher manufacturing costs, probably out cheaper to import than produce, thus becoming resellers, from manufacturers to retailers. In countries with free trade treaties gradual reduction of import taxes to zero, lower the cost of international purchases. Cons: Buy in another country reduces income country where the entrepreneur. Symptoms of economic problems as higher imports than exports, reduce sources of employment, output and cause national currency is exchanged for foreign currency. Imports are always implicit risk of increase in the price of foreign currency. Businesses tied to increased foreign currency for imports which are their main source of income, should contract hedging or futures brokerage firms in order to protect themselves. Imports, in high degree, dependent on the entrepreneur make international purchases. Any reliance weakens the company and even more so, by the distance international suppliers, deliveries and conditions. LICENSING Pros: Allows the licensee uses proven technology in the'' business'' in exchange for paying the license fees. Normally the total cost of development and maintenance of the technology is often higher. Cons: It can cause the...
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...Case study of Seven-Eleven Japan Co. 1. Convenience store chain attempts to be responsive and provide customers what they need, when they need it, where they need it. What are some different ways that a convenience store supply chain can be responsive? What are some risks in each case? Ways of responsiveness of convenience store Risks supply chain Fast replenishment: Cost of transport 1-3 times daily store delivery Rely on the stability of Transport Local inventory: Cost of inventory maintenance Sales of items stockpiled in local store Cost of obsolete inventory Order taking*: Cost of numerous orders processing Delivering merchandise according to customers’ Limited lead time orders On-site producing: Cost of raw material inventory Producing merchandise with raw material on-site Fluctuation of sales 2. 7-Eleven's supply chain strategy in Japan can be described as attempting to micro-match supply and demand using rapid replenishment. What are some risks associated with this choice? Rapid replenishment and Micro-match supply & demand strategy highly rely on the efficient ordering system and the fast transport. As a result, the cost of ordering system and fast transport themselves can be a risk. Moreover, according to this case, 7-11 develops an anticipation system, in order to forecast the local sales. However, when customers’ needs fluctuate in short period and original anticipation loses effectiveness, it will face extra cost of transport. 3. What has 7-Eleven...
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...Standardization: The appraisal form, procedures and rules should be standardized. There should be well-defined performance criteria and standards. Employees should be made fully aware of these standards as appraisal decisions affect all employees of the group. • Training: Evaluators should be given training in procedures and principles of appraisal. They should be provided with knowledge and skills in designing appraisals, conducting post appraisal interviews and correcting rating errors. • Fob Relatedness: The appraisal system should focus attention on job-related behavior and performance. It should provide information on job related activities and areas. • Mutual Trust: Before introducing the appraisal system, a climate of mutual trust, cooperation and confidence should be created in the organization. Under the system, the employees should be treated in a supportive manner. • Feedback and Participation: The ratings should be communicated to both the employees and the raters. The employees should get information on their performance and the system should involve employees in the goal setting process. • Help Focus: Appraisal should not judgmental. It should not be purely control- oriented. The evaluator should also play the role of coach and counsellor. He should- help people reach their full potential. The overall purpose of appraisals should be developmental. • Recognition of Differences: Organization differs in terms of work,...
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...way to go? There is no tax system that would be beneficial to all Americans. Just like any tax reform, a flat tax system has its own set of pros and cons. For example, a flat tax system would eliminate the current extensive tax code that is extremely difficult to interpret. It would result in an easier understanding of the tax code as well as reduce the chance for errors and tax fraud (Sonic, 2013, para. 7). Additionally, it would cause a reduction in the need for paid tax preparers, which is actually a pro and con. It would save taxpayers money by eliminating the need for paid tax preparers but at the same time would also cause a reduction in the workforce for that industry (Sonic, 2013, para. 7). As a result, this would cause a rise in the number of displaced workers’ as well as putting numerous tax software companies out of business. Moving on, a flat tax would eliminate the ability to create tax loopholes by the government, as previously done, for personal favors or campaign contributions (Sonic, 2013, para. 7). Furthermore, it could help businesses redirect their efforts from ways to reduce their tax liability to increasing their presence in the marketplace (Sonic, 2013, para. 7). Lastly, the flat tax has the potential to encourage investments because investment income would not be taxed (Sonic, 2013, para. 7). The list of cons of a flat tax system is...
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...its success or failure can affect the company’s reputation and ability to bid for future projects. It is closely observed by internal and external parties. In additional, the relationship with Microsoft is particularly important to Flextronics. - Pros and Cons of the choices: there is no single alternative that can solve all the problems. - Overstated infrastructure: during the bid process, Flextronics made Microsoft thought that a single system had existed in both facilities and raised it expectations very high while in fact the system was not already in place. 2. The criteria that McCusker should consider in his decisions: - Client’s satisfaction: This includes three sub-criteria: meet Microsoft’s tracking system requirements, deliver products on time and ensure product quality. - Employees’ satisfaction: Regardless which decision he make, McCusker have to ensure that employees at both factories are convinced with his decision and coordinate well with each other. - Cost-saving: The purpose of implementing the process at two different factories in two countries is to save cost (such as cost of shipping). 3. Analysis of alternatives and the consequences of pursuing them Choice 1: Datasweep in Mexico and Hungary - Pros: This choice will meet Microsoft’s expectation of a single system to track production processes. It will eliminate Microsoft’s doubts about the new system because Datasweep has been approved by Microsoft. Moreover, the system...
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...European Union and Turkey Introduction to European Union In this globalization era, the world seems to be borderless, especially in Europe. This further confirmed by the formation of the European Union, which serves as a binding substance between the countries contained in the European continent. European Union is a political and economic based union, established in 1993 after the ratification of Maastricht Treaty. The international organizations are working together to create economic and political stability among member states. During its development, the European Union may not run smoothly. The emergence of the economic problems that rocked the euro zone, then Spain and Cyprus emerged as a "burden" in these economic problems. Another emerging issue is productivity, border policy, and the exchange rate that makes this organization stability unsteady. Another issue that emerged is the exclusivity of the organization. Another issues arising from the exclusivity of membership expansion problem. Preceded by the six founding countries, EU has 28 members now, as Croatia joined on 1st July 2013. The membership number is certain to grow rapidly with the number of countries that volunteered to become a member. Regardless of all the problems it faces today, the EU is still believed to be an organization that brings positive impact to its members. States' desire to be able to join the candidate can not be separated from the success tale of the European Union, particularly in the fields...
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...I. Synopsis of the Situation: During the 1980s and 1990s, PepsiCo’s business strategy was to increase its presence in the casual dining segment of the restaurant industry, initiated through the purchase of Carts of Colorado and California Pizza Kitchen. While on paper the acquisition plan stood to be lucrative and position PepsiCo as a major competitor in the restaurant industry, relationships between corporate and franchisee became strained. The source of the fracture in PepsiCo’s business strategy was decentralization led by the CEO’s of the company. For example, David M. Kendall set a tone for a competitive and ambitious business acquisition strategy. The strategy endorsed an aggressive stance for purchasing and with regard to employees’ culture, one employee in the following statement noted his aggressive tone, “The controlling management style brought in by Kendall in 1963 had completely changed the cultural emphasis at PepsiCo from passivity to aggressivity” (p. 24, Magnani). The business strategy appeared beneficial and able to generate large profits, yet relationships with the franchisee component suffered due to decentralized communication. In short, the lack of synergy and competition between franchisee and corporate, resulted in divisive franchisee culture and major communication errors from the top down. II. Define the Problem: The core issue is the decentralized business model, which spawned a corporate culture characterized by miscommunication and competitive...
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