1 Introduction
According to Zou and Cavusgil (1995), the subject of global strategy has attracted a lot of attention in the recent past. Zou and Cavisgil (1995) calim that a major reason behind this has been the increasing progress in the telecommunications and other technological areas that has brought the world closer and transnational existence of organizations
Eastcompeace culture has been building momentum as a congruent culture. Its aspiration to achieve continuous growth in the field of research has ensured the sustainability and viability of its products in the market. Moreover, Eastcompeace ensures highest standards of corporate compliance from the highest C-level management to the employees at lowest level (Teece, Piassano & Shuen, 1997).
The low employee turnover of Eastcompeace is the evidence of Eastcompeace's congruent culture, low employee turnover is very good sign for any company especially for Eastcompeace who puts lot of investment on R&D. Therefore, consistency in R&D Employees is very important. A low employment turnover would mean that Eastcompeace would lose less of its skilled workforce to the competitors. It further implies that employees at Eastcompeace enjoy job satisfaction, which in turn is an evidence of their motivation and work efficiency.
There are various external forces that implicate the performance of Eactcompeace Inc. And in turn implicate on the firms national and transnational expansion and growth strategies. Along with conventional forces this also includes technological problems such as issues pertaining to counterfeiting.
Nowadays, people are more and more informed even in technology related issues thanks to the internet, technology publications and television shows. They are now able to play a more important active role in their treatment decision-making. Government legislations pertaining to security concerns and registrations of smart cards have significant implications on the firm's strategic goals.
The American Bank Note Holographics (ABHN) consistently asserts the notion that counterfeiting issues are on the rise. While smart card technology itself is a cure to counterfeiting and piracy issues, problems such as hacking of information stored on chips is still a major issue of concern of many consumers and stakeholders that are highly dependent on smart card technology.
Economic conditions such as interest rates and inflation have little impact on the profitability of the industry. The smart card industry appears to be immune to external economic conditions. This is because smart cards have huge applications in industries such as credit cards and sim cards. Moreover, further innovations can move for further massive implications. This means economic recession has minimum effects due to B2B nature of the business.
Technology has several impacts on the smart card industry. Complex equipments enable companies to develop smartcards to specific sectors but they also enable to faster their development. Companies can now examine compounds that would have taken years without technology (Keegan, 2002).
The continuous trend to maintain state of the art technology continues to drive competition in the smart card industry. Overhauling expensive equipment may slow performance at first, but will serve to produce an overall increase in long run production (Afuah, 2009). An important global trend in the industry is the growing need to develop and market smart cards in developing countries. Overseas markets provide a vast, endless supply of costumers who are in desperate need of smart cards. There are a great deal of trends emerging in the smart card industry that will affect competition and performance within the industry. It will be those firms that catch on early who will have the greatest chance of survival inside the industry (Davies & Walters, 2004).
Demographic trends also make the customer more and more important as they will generate more and more need in smart card products (Keegan, 2002). Social and cultural trends include the heavy reliance on 21st century smart cards by society worldwide. With modern emphasis on increasing security concerns law enforcers and security experts will continue to prescribe smart cards and businesses and consumers will become more and more accepting of smart cards. Again this raises demand for smart cards, which leads to increased competition, which in turn may lower individual firm's performance. An emerging cultural trend within the industry seems to be consolidations and mergers to offer broader ranges of products, capital to expand and share of the costs of R&D (Grant, 2005). Such mergers can lead to competitive advantages over smaller capital-based firms.
All companies involved in smart card development are battling to reduce this time expenditure. Firms are now taking a proactive stance...
Counterfeiting Law in France: Similar to other developed countries, France has a unique system of safeguarding intellectual and industry property rights. This system is not only applicable to creative or artistic rights but is also used to govern patents, trademarks, designs, and drawings ("France Intellectual Property Law," n.d.). Generally, the country's intellectual property law covers three major areas i.e. intellectual rights within the country, intellectual property rights outside the country, and
This law was designed to punish the supplier, not attack the unsuspecting victim of the crime. However, the size of this seizure of merchandise is evidence that these measures simply do not work. Despite existing laws, consumer demand for these products remains high. The ultimate solution to the counterfeit and fakes problem is to convince people to stop buying them. This seems to be a reasonable approach, but the volumes
Mr. Leiber will be eligible to claim $1,000.00 for each of those pieces as the difference between the contract price and the actual current price is approximately a difference of $1,000.00. If however, that price changes during the course of arbitration the difference in price should be changed in order to reflect that difference. Further according to article 50, should Satel have to ultimately pay for the 30 non-counterfeit
COUNTERFEIT COSMETICS & HOMELAND SECURITY ISSUES Problem Identification Counterfeit cosmetics are prevalent specifically over the Internet on such websites as Ebay. These cosmetics are dangerous and cause severe problems even death among those who purchase and use these products. The U.S. Department of Homeland Security (DHS) is reported to be conducting an investigation of the major counterfeit cosmetic manufacturing rings that are producing and selling products reported to contain "high concentrations of
Counterfeiting on Luxury Goods Consuming counterfeit products social effects. Consumers want to project a desired social image Consumers want to project an external image of themselves that gives them a certain social status, even though internally they know they did not pay top dollar for their "luxury good." For example, someone who buys a counterfeit Louis Vuitton bag does so for the purpose of being able to present herself in fashionable light
For instance, one of those interviewed had a counterfeit Louis Vuitton bag whose value she claimed was £40 (Howie). A real Louis Vuitton bag goes for no less than £1,900. Thus as Howie correctly points out, this particular customer was able to get something that resembled the real thing for a price "almost 50 times less than the price for a similar bag by the designer." It is also
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