Selling a major asset is a major strategic decision. A number of factors must be taken into account with such a sale, including the overall strategic direction of the parent company and the operating environment of both the parent and the subsidiary. In this case, it appears that two factors have come into play. The first is that the French firm is seeking to improve its balance sheet; the second is that there is regulatory pressure to divest the Chinese subsidiary. As the latter is more of a forced situation that has relatively less bearing on strategic management, this paper will analyze the decision to sell this major asset in the context of internal and external analysis.
AXA management has recognized that their balance sheet is in a weak position, a consequence of the global economic slowdown. One of the more common solutions to this problem is the sale of non-core assets. Minority stakes in foreign companies are often the target of asset sales to generate cash that will improve a company's weak balance sheet. An internal analysis such as a SWOT can reveal such weaknesses in a company's finances and guide management towards opportunities for solutions in the marketplace.
Furthermore, if...
A good example of this can be seen with the songs that were performed by: Louis Armstrong and Billie Holiday. As they would often take: the actual events and incorporate them into the lyrics of their songs. This would serve as way of slowly changing the status quo, by inspiring future artists to become more brazen in how they discuss racial equality. At which point, the different lyrics were
Thad Johnson/Music Dallas Symphony Review What an absolute dual treat to attend the Dallas Symphony's "Tchaikovsky Night" at the Morton Myerson Symphony Center on March 31, 2011. Not only was I privileged to hear two great works, but as an added benefit, proceeds from the Tchaikovsky concerts will benefit Sendai, Dallas's International Friendship City in Japan (DSO Public Relations Office). The conductor for this concert was Jaap van Zweden, music director of
Stop Online Piracy Act One of the biggest challenges for a variety of firms is dealing with online piracy. Recently, Congress has been debating the different provisions of the Stop Online Piracy Act. This is a proposed regulation that is increasing the enforcement of existing copyright laws over the Internet. However, debate about the ethics surrounding the legislation has created tremendous amounts of animosity. To fully understanding what is happening, means
Johnson reports that "in 1998, the Digital Millennium Copyright Act (DMCA)1 severely limited the use of copyrighted materials in distance learning. In 2002, the Technology, Education, and Copy- right Harmonization Act (TEACH Act) relaxed these restrictions under specific conditions. These two laws significantly changed the way educators could use copyrighted material in the digital class- room." (Johnson, p. 66) In the section hereafter, the research considers the implications of this
Banking and financial services includes such firms as investment banks, commercial banks, brokerage firms, and credit card institutions. The common it pulse throughout the daily operations of these organizations involves utilizing systems to communicate between branches and subsidiaries, establishing operations throughout the world, communicating with the end customer in order to facilitate transactions, and analyzing customer and market attributes in order to reduce uncertainties in such aspects as pricing
As technology and the capability of removing artifacts from recordings improve this area of the law will be likely to be revisited in the future. This last revision to copyright law raised more questions than it answered. For instance, was it acceptable to colorize black and white movies? Did this alter them from the original work, or was this an acceptable? Was it OK to alter pieces of work to
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