...Introduction: Firms from big and developed countries internationalize by using many advantages and resources to compete and to survive in the economy industrial, they face many difficulties such us political issues, economy changes, environmental, technology and lack of resources and many obstacles they go through with it while the process of internationalization. However, firms in developing countries such as China, going global for them is very easy process because they seek advantages such as compete and gaining profit and to built up a strong economy region, on the other hand they face challenges when embarking on overseas investment. Internationalization of Firms: Internationalization of firms is a process in which the firms in developing countries gradually raise their international participation in the world-wild economy. Firms internationalize for two factors a) - Economy= increase country revenue. b) - Business= to gain profit. (The internationalization process of the firm- Jan Johnson 1973 university of Uppsala) The Internationalization Model: Market Commitment: It’s all about two factors, the amount of resources and the average of commitment to use these resources in the market. Market Knowledge: A firm before going international should have a basic knowledge of market s opportunities, market environment, and performance of activities, resources, culture, language and technology...
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...The argument presented in “Will the Web Kill Colleges?” discusses the changing of traditional colleges over online colleges by using the internet as the main source of contact and interaction. A few points are made in the article that stands out. Such as, there is an overwhelmingly high demand of cheaper college in today’s economy and that the internet is become a preferred method of completing a degree. The method in which redundancies can be removed is also discussed. As well as, how online colleges offer a varied range of classes, which satisfies learners choosing to go to school. The key points of the points of the argument are as follows: “Online classes are simply cheaper to produce” (Chaffee, 2012, p. 91) and traditionally universities have depended on selling information that is difficult to find. College is expensive, so when attempting to choose a college or university, one of the top factors looked at is price. Due to the tough economic times, people may view the area of education as one in which they can cut back on spending and online education is an option that may be the way to go. For example, as cited in the article, “East Carolina University costs only $99 per credit hour; that’s a base of $1,200 per year” (Chaffee, 2012, p. 92). In contrast that is significantly different from the in-state tuition the University of Texas in Austin offers for regular in-class courses which currently totals $24,266 – 25,658 for one year. With the internet, comes information...
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...Table of Contents I. Introduction/Overview - (Pgs. 3-5) II. Duties, Responsibilities, Activities, Requirements, & Skills - (Pgs. 5-7) III. Advantages/Disadvantages - (Pgs. 7-9) IV. Employment Forecast/Predictions - (Pg.10) V. Compensation/Benefits/Perks/Mobility - (Pgs.11-12) VI. Impact of Chosen Career – U.S. Economy - (Pgs 12-13) VII. Impact of Chosen Career – Business/Marketing - (Pgs. 14.15) VIII. Global Implications - (Pgs.15) IX. Future: Short-Range & Long Range - (Pg. 16) X. Personal Reaction/Rationale - (Pg.16-17) Appendix - (Pgs. 18-19) Bibliography - (pg. 20) I. Introduction/Overview: Account Executives “Advertising makes products into heroes, but simultaneously caricatures the bureaucratic masters in serves” (Jackall & Hirota, page 82). The advertising agency is a very unique and fast growing business. It’s an area where people, situations and job requirements are always changing and evolving. Advertising agencies tend to have ample amount of client accounts, while still maintaining existing accounts. Since this business is such a high demanding and fast evolving business, it requires some specific characteristics in running the establishment. Account executives need to be able to multi-task at all times, be quick thinkers, be great problem solvers, have a tolerant...
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...unborn of this great country. How can we call our country a world power with 20 or more countries performing better than the United States in mathematics since the early nineties? Why is there even a debate amongst these groups when based on the 2014 PDK/Gallup poll of the public’s attitudes toward the public school revealed that 58% of Americans said the curriculum used in their community’s schools needs to change (pdkintl.org, 2014). The same poll revealed that the public believes only 13% of high school graduates are ready for the world of work, and only 31% ready for college (pdkintl.org, 2014). With all of this why are we all not taking a stand for the Common Core State Standards? The Common Core State Standards for mathematics create a staircase where students can build upon their knowledge conceptually at a pace that will be standardized across the country. Every student regardless of socioeconomic status, demographics, or political background should have the same pathway for their education. For example, a student in Atlanta should be given the exact learning pathway as a student in New York. We need to say good-bye to the days where we have teachers teaching mathematics solely through a textbook, rote memorization, and in a non-developmental order. As a parent and citizen of this country I see the importance of every student having the same opportunities to receive the knowledge...
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...Motivation in today's workplace: the link to performance. ABSTRACT In today's hyper-competitive marketplace, understanding what fosters and forwards employee motivation--and, thus, organizational performance--is critical. Based on theories, studies, best practices, case studies and resources about motivation, this solutions-focused research article presents valuable information for the senior HR leader seeking competitive advantage. ********** Introduction In today's marketplace, where companies seek a competitive edge, motivation is key for talent retention and performance. No matter the economic environment, the goal is to create a workplace that is engaging and motivating, where employees want to stay, grow and contribute their knowledge, experience and expertise. Motivation is generally defined as the psychological forces that determine the direction of a person's level of effort, as well as a person's persistence in the face of obstacles. The direction of a person's behavior refers to the many possible actions that a person could engage in, while persistence refers to whether, when faced with roadblocks and obstacles, an individual keeps trying or gives up. (1) The responsibility for motivation is three-fold: it falls on the senior leadership, the direct manager and the employee. Numerous factors are involved, from trust, engagement and values (individual and organizational) to job satisfaction, achievement, acknowledgement and rewards. Motivation...
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...Learning Objectives Chapter 1 1 Distinguish between business and not-for-profit organizations. 2 Identify and describe the factors of production. 3 Describe the private enterprise system, including basic rights and entrepreneurship. 4 Identify the six eras of business, and explain how the relationship era—including alliances, technology, and environmental concerns—influences contemporary business. 5 Explain how today’s business workforce and the nature of work itself is changing. 6 Identify the skills and attributes managers need to lead businesses in the 21st century. 7 Outline the characteristics that make a company admired by the business community. iStockphoto The Changing Face of Business S nuggie: The Break-out Blanket Hit I f the first thing you do when preparing to curl up with a good textbook like this one is to reach for your Snuggie, you have plenty of company. Sales of the funky blanket with sleeves were expected to reach as high as 20 million units in just the second year the cozy accessory was available. Combined with the 5 million blankets sold in the first year, that volume will bring the value of total retail sales of the Snuggie to more than $300 million. That’s a respectable profit for an inexpensive product whose unique design and ungainly shape have made it the butt of YouTube parodies and late-night talkshow jokes. It means Allstar Marketing Group, which markets the Snuggie, is obviously doing something ...
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...Why is becoming an entrepreneur a growing trend in today’s job market? Robert L. Patton Jr. EBM587 Strategic Business Marketing April 8, 2012 Introduction Why is becoming an entrepreneur a growing trend in today’s job market? Answering the aforementioned question is the purpose of this paper, and the premise of the research thus conducted. In order to answer and address this issue, it is first necessary to examine different aspects of entrepreneurship, as well as, current market conditions, which make this alternative an attractive choice for so many business professionals. I have often thought about the vest means of achieving success. Success can be measured in many different fashions. There is career success, success in academics, competition, and self-actualization. For the scope of this research paper, I will limit the definition of success as being measured by financial freedom and independence. As both a student and working professional, I have a strong belief and desire to perform to my highest potential, both in the classroom and in the office. Ultimately, like many others, the purpose of my efforts is to achieve this financial freedom and independence from an employer. The traditional means of achieving success, I have followed and been an active participant. These means include joining the military at a young age, graduating from college, and pursuing a professional career. Although I am pleased by the results of my efforts and endeavors...
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...LO16-1. Define the monitoring problem and state its implications for economics. LO16-2. Discuss why competition should be seen as a process, not a state. LO16-3. Summarize how firms protect monopoly. LO16-4. Explain why oligopoly is the best market structure for technological change. After reading this chapter, you should be able to: LO16-1. Define the monitoring problem and state its implications for economics. LO16-2. Discuss why competition should be seen as a process, not a state. LO16-3. Summarize how firms protect monopoly. LO16-4. Explain why oligopoly is the best market structure for technological change. “It is ridiculous to call this an industry. This is rat eat rat; dog eat dog. I’ll kill ’em, and I’m going to kill ’em before they kill me. You’re talking about the American way of survival of the fittest.” Ray Kroc (founder of McDonald’s) When Microsoft was designing Zune, the Microsoft workers were sent a link to a video of Steven Jobs (the CEO of Apple) showing Jobs stating, “The only problem with Microsoft is that they have no taste—Absolutely no taste.” The goal of Microsoft showing the video to Microsoft workers was to infuriate the Microsoft workers sufficiently so that they would show that not only do they have taste, but that they can bury Apple and its iPod. It was to make the competition with Apple personal. It didn’t work, and Apple went public with its “no taste” view of Microsoft in a series of TV ads that portrayed the Apple computer as the tasteful...
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...Human Capital Management Trends in Global Economy Challenge for Human Capital Management? In recent years there has been significant change in the way labor is pooled across the globe. The influences of technology and growth have effectively caused industry leaders to have to change their focus from the brute force of labor (factor of production of traditional Economics) to the actual quality of the workers available globally (Global Outsourcing). This has produced a shift in tactics for those who manage Human Resources. It is now pertinent to devise strategies to develop the working population by educating them and developing their technological skills so that they can contribute to the organization requirements adequately. High mobility of workers globally (The knowledge or technical workers), wage differentials across countries, borderless business models and cultural fusion problems are some issues involved in HCM. Transforming employee into productive asset It is important today that organizations understand the value of increasing a laborer's output capability by investing in, and adding worth to, his or her abilities, rather than finding a mass of laborers who are willing to work yet who are unqualified to excel in today's highly technological business environment. Simply put, the idea is that, contrary to the old HR theory that emphasized people as the most fundamental asset to a company, Human Capital Management, or HCM is focused on the right kind of people to get...
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...the world. One of those aspects that has been affected by those changes is, without any doubt, education. Globalization has more positive than negative effects in education and the way it is delivered in both developed and developing countries. One positive effect that globalization has brought to education is the fast development in educational technology. A massive technological impact can be observed when comparing today’s classrooms and classrooms from some years ago. This impact is transforming the way the students learn and is equipping them with a variety of skills to confront a competitive global market that is demanding workers that are prepared to assume roles according to the organization’s requirements. Day by day we can see how vanguard technology is entering the classrooms. Smart boards, laptops, NEOs, video projection screens, on-line libraries, and classroom performance systems are some of the tools that students have access to and that enable them to explore and acquire all knowledge and skills necessary to compete in this global world. My experience as an elementary teacher allows me to state that students are more motivated to learn when there is a high use of technology in the classroom. Teachers cannot be indifferent to the fact that...
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...career .This choice is simple, take CTE classes or don't. CTE classes are taken by 14 million students in 1,300 high schools and 1,700 colleges across the country (Clagett), and many schools are overhauling their old CTE also known as vocational classes so they too can increase the career readiness of their students. But it still isn’t enough. There are many jobs available for students with the skills provided by these classes. The US economy is based on the strength and skill of the workforce, which...
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...SIXTH EDITION STRATEGIC MANAGEMENT IN ACTION Mary Coulter Missouri State University Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montréal Toronto Delhi Mexico City São Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo Editor in Chief: Stephanie Wall Senior Acquisitions Editor: April Cole Editorial Project Manager: Claudia Fernandes Director of Marketing: Maggie Moylan Senior Marketing Manager: Nikki Ayana Jones Marketing Assistant: Gianna Sandri Senior Managing Editor: Judy Leale Production Project Manager: Kelly Warsak Senior Operations Supervisor: Arnold Vila Operations Specialist: Cathleen Petersen Creative Director: Blair Brown Senior Art Director: Kenny Beck Text Designer: LCI Design Cover Designer: LCI Design Cover Art: Svetoslav Iliev/Shutterstock.com Permission Specialist: Brooks Hill-Whilton Media Project Manager, Production: Lisa Rinaldi Senior Media Project Manager, Editorial: Denise Vaughn Full-Service Project Management and Composition: Integra Printer/Binder: RRD/Willard Cover Printer: Lehigh-Phoenix Color Text Font: 10/12, Times LT Std Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on appropriate page within text. Copyright © 2013, 2010, 2008 Pearson Education, Inc., publishing as Prentice Hall, One Lake Street, Upper Saddle River, New Jersey 07458. All rights...
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...speaks of is democracy, which influences both the economic and social structures of regions that utilize. Because of Herbert’s quote, it is evident that democracy is a worthwhile venture—one that must be spread. It is because I agree with the legendary Herbert that I affirm today’s resolution: Resolved: The United States ought to promote democracy in the Middle East. We value a democracy” in the resolution contextualizing it as a question with the ideals of democracy presupposed. The Oxford Dictionary defines democracy as “A system of government by the whole population or all the eligible members of a state, typically through elected representatives” Prefer the Oxford dictionary because They come from the most reliable sources The most commonly used and most useful definition of a word comes first and we have used the first definitions of democracy in these dictionaries They match the definition of democracy that normal citizens would associate with the word Our value criterion will be fulfilling the obligations of the government Americans have an obligation to assist others due to the innate value of all people Lynn-Jones 98 [(Sean M. Lynn-Jones, Editor, International Security; Series Editor, Belfer Center Studies in International Security) "Why the United States Should Spread Democracy" Discussion Paper 98-07, Center for Science and International...
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...9690010114 Yogendera sharma CONTRIBUTED PAPERS A41, Thursday, December 28, 4:00-5:30 P.M. Session: Case Studies - I Session Chair: Prashant Kulkarni Institute of Finance and International Ma 418 Global Marketing and Challenges for Future: Franchising in Banks K. Ravichandran, Gandhigram Rural University, drkravichandran@yahoo.co.in R. Muruganandham, Sudharsana Raamanujan, R, P. Nandakumar, M. Sasi Siddharth Thiagarajar College of Engineering, vr_muruganandham@hotmail.com, siddharth_mss@sify.com raamanujan@gmail.com, nandacivil@gmail.com The global economic scenario is undergoing a major innovative metamorphosis at a rate never experienced before. All organizations have their brands to face the global marketing challenges to secure a role of leader in this state of economic revolution. Our paper identifies the current marketing challenges and global economic threats for service industries. Besides our paper also explores the management strategies to overcome these challenges in the liberalized economy. The banking service is considered, where the franchising marketing strategies, introduction of new products and delightful customer service by new private sector banks and foreign banks pose a serious threat to the existence and survival of public sector banks profitwise. Hence our paper deeply discusses the benefits of e-banking with a view to minimize transaction cost cum operating expenses thereby increasing the overall net profit...
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...Why is English the international language? The fact that English is now the main international language is indisputable. In all aspects of international life – trade, science, diplomacy, education and travel – the common language is English and has been for decades. There are two main reasons why English is the current lingua franca; political history and economics. First, one of the main reasons why English is the international language in the world today is the fact that Britain was the global superpower in the nineteenth century and America is the global superpower in the twentieth and twenty-first. For example, these two English-speaking countries were the most important countries in terms of the military and trade. By conquering and colonising so much of the world, their customs, culture and way of life became common in those parts of the world. This is why so many ex-British colonies now have English as the national language, with many of their people speaking English as a first language. Second, a further reason for the spread and of English is economics. By being the global political and military superpower, these two countries also became the leading trading nations and many countries and territories needed to learn English in order to trade with them. The USA is currently a major trading partner with almost every other country on the planet due to the size of the consumer economy. This explains why in many countries, English is...
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