Global Strategy for Service Industries
The advent of technological advancement and Internet culture and technology has created globalization, wherein societies and nations all over the world go beyond the boundaries that physical geography has limited. This means that through globalization, people are able to gain access and knowledge about nations all over the world, thereby encompassing differences in each society. Applied in the business environment, globalization is characterized by a company's ability to "serve domestic and foreign markets or to use a different strategy in each country" (Churchill 1995 309). In fact, this definition is aptly applied to the definition of globalization in the broader sense, which is the "integration and democratization of the world's culture, economy, and infrastructure through transnational investment... communication and information technologies... And free market forces" (Microsoft Encarta 2002).
Applied in economics and the business environment, the concept of globalization is mainly anchored towards the integration of domestic…...
mlaBibliography
Churchill, G. (1995). "Marketing: Creating Value for Customers." Illinois: Richard D. Irwin, Inc.
Global Strategic Management." Quick MBA Web site. Accessed 16 June 2003 http://www.quickmba.com/strategy/global/ .
Globalization." Microsoft Encarta Reference Library 2002. Microsoft Inc. 1998.
IBM and Avaya contact center and customer relationship management (CRM) solution." International Business Machines (IBM) Corporation Official Web site. Accessed 16 June 2003 http://www-1.ibm.com/industries/telecom/doc/content/solution/255422102.html .
Applying a Global Strategy to the Judicial eform in Brazil
Brazil has emerged as a confident country across the world. Clearly, Brazil is among the first countries that emerged to stimulate the global economy and investment. Early, this year, the government of Brazil initiated new restrictions to preserve enduring foreign direct investment. The politics of Brazil have played a key role in the judiciary. This was recently demonstrated by the current president who sacked various judiciary officials on allegations of irregularities and corruption. While the president's firm political decisions have angered many, they have similarly gained support within the judiciary fraternity (Nunes, 2010). With this introduction about the political situation in Brazil, the following section describes the judicial reform in Brazil. Essentially, the paper follows the standard approach to judicial and legal reform.
Judicial eforms
Beyond the obscure wrangles on the contributions of the rule of law contributes to economic development, many reformers…...
mlaReferences
Barrington, L. (2012). Comparative Politics: Structures and Choices. Wadsworth Pub Co.
Brinks, D. (2009). Judicial Reform and Independence in Brazil and Argentina: The Beginning of a New Millennium? TEXAS INTERNATIONAL LAW JOURNAL VOL. 40:595 pp 595-621.
Nunes, R.M. (2010). Politics without Insurance: Democratic Competition and Judicial Reform in Brazil. Westport, Conn: Praeger.
Ryan, M. (1998). GLOBAL STRATEGY VIEWS: Where and Why of Global Strategy. (Dunning, Journal of International Business Studies 1998)
His ideas are not important for their uniqueness (though they are singular), but because of the essential similarities between his conservative business utopia and other versions of collectivism" (Gilbert, p. 12). This biographer reports that King Camp Gillette was born in January 1855, the fifth of seven children, to George Wolcott Gillette and Fanny Camp Gillette, in Fond du Lac, Wisconsin; when King was four years old, the family moved to Chicago, where King attended Skinners School. Following the disastrous Chicago fire, which destroyed much of his father's property as well, King worked with the hardware firm of Seeberger and reakey. Two years later, he took a comparable job New York; as he later recalled of the time, "From the time I was twenty-one until the fall of 1904 I was a traveling man and sold goods throughout the United States and England, but traveling was not my only…...
mlaBibliography
Baghai, Mehrdad a., Stephen C. Coley, Charles Conn, Robert J. Mclean and David White. 1996. Staircases to Growth. The McKinsey Quarterly, 4: 39.
Baghai, Mehrdad a., Stephen C. Coley, and David White. 1999. Turning Capabilities into Advantages. The McKinsey Quarterly, 1: 100.
Brightwell, Richard.
1999, August 21. Internet Museum of Safety Razors. Available: http://www.creekstone.net/razors/gillette.htm.
Thesis
eBay can continue to experience economic growth in services if the company successfully manages to transform the insights gained from their data marts and base of intelligence into marketable services.
Hypothesis
Investing in &D to continually grow the areas of reputation management and trust-based verification services will make a significant contribution to long-term value as these are areas all e-commerce strategies require.
I. Progression of eBay Value Chain from the Physical to the Virtual
a. equires a Hybrid Model to integrate the physical and virtual
b. Critical for the company to move into services
II. Assessing eBay's Core Competencies
a. Dynamic Pricing and Auction Core Strength
b. eferent Systems Development
III. Assessment of the eBay Value Chain
a. Keeping Trust in Transactions is Critically Important
b. Must continue to have a strong focus on security and fraud detection
c. 300,000 third party online resellers form the foundation of the selling system
d. eferent Systems Development
IV. The Future of the eBay Value Chain
a. Capitalizing…...
mlaReferences
Chen, E., & Weber, I. (2010). To Discount or Not to Discount: An Assessment of Perceptions, Beliefs, and Intentions to Use Electronic Auctions with Discounts. Group Decision and Negotiation, 19(2), 127-148.
Dini, F., & Spagnolo, G. (2009). Buying reputation on eBay: Do recent changes help? International Journal of Electronic Business, 7(6), 581.
Gregg, D. (2009). Outline Reputation Scores: How Well Are They Understood? The Journal of Computer Information Systems, 50(1), 90-97.
Karen E. Klein (2008, October). The Growing Frustration of eBay Sellers. Business Week (Online).
SEIIC H
Doing business internationally can be very different from a human resource perspective versus doing business domestically. Each country has its own laws and norms with respect to the labor market. For this reason, human resources is almost always a national function. Companies are limited with respect to what they can do globally. Globally, a company can set basic human resource strategy and principles, though the actual implementation of any general strategy will vary by country. Even generalizing about "EU" or "Asia" is laughably ignorant -- you cannot make labor market generalizations about Canada and the U.S., let alone about the twenty-odd EU countries or 60-something Asian ones.
In the EU, workers can come from any member country, as labor has freedom of movement within the EU. This also makes it nearly impossible to recruit non-EU workers to work in Europe. Labor laws within the EU, however, vary by country. This…...
mlaReferences
Costea, E. (2005). The challenges of human resources management towards organizational effectiveness: A comparative study in southern EU. Journal of European Industrial Training. Vol. 29 (2) 112-134.
Morris, S., Wright, P., Trevor, J., Stiles, P., Stahl, G., Snell, S., Paauwe, J. & Farndale, E. (2009). Global challenges to replicating HR: the role of people, processes and systems. Human Resource Management. Vol. 48 (6) 973-995.
Overview
Our company, Matrix Capital, intends to pursue a controlled and focused expansion into global markets. This expansion is informed by the company’s relative success in the U.S. In essence, ours is an investment fund that makes use of a proprietary trading approach to identify market opportunities to make the relevant investment decisions. The company accepts funds from investors and invests the said funds in three key sectors, i.e. consumables, energy, and financial services. We intend to evaluate countries in tree key regions; i.e. Africa, the Middle East and South America. The countries include Qatar (Middle East), Kenya (Africa), and Brazil (South America).
In seeking to expand, the company has four key factors it will be taking into consideration to inform its location choices. These include; country gross domestic capital per capita, political stability, competitive situation, and the country tax regime.
Analysis: Decision Matrix
Country/Region
Rating Factor
GDP per capita
Political Stability
Competition
Taxation
Weight
40
30
10
20
Qatar (Middle East)
5
3
3
3
Kenya (Africa)
2
1
2
2
Brazil (South America)
3
2
2
3
Country/Region
Weighted…...
mlaReferences
CIA. (2018). The World Factbook: Middle East – Qatar. Retrieved from Drummond, G., Ensor, J. & Ashford, R. (2007). Strategic Marketing: Planning and Control. New York, NY: RoutledgeWatson, G.G., Domingo, V., Landman, M., Miller, G., Watson, C.D. & Hopkins, M.C. (2006). Geography: Focus on Economics. New York, NY: Council for Economic Education.https://www.cia.gov/library/publications/the-world-factbook/geos/qa.html
Global Strategies
Global Management Strategies
Involvement in the global economy is inherently risky but also carries a number of distinct opportunities for those who venture thusly. According to our research, as highlighted in the text by Dess & Lumpkin (2002), there are four distinct management strategies for entering into the international trade. Accordingly, these are identified as exporting; licensing and franchising; strategic alliances and joint ventures, and; wholly owned subsidiaries.
Exporting:
Exporting is perhaps the most common avenue for engaging in the global trade. Many domestic companies rely on target populations in foreign countries in order to meet core sales expectations. And as the article by Delaney (2010) notes, many of these companies will use intermediary export companies or agencies in order to reach broad customer bases. Indeed, this is the most notable advantage of the approach, which enables a company to bring its products to a decidedly wider base of potential buyers.
One distinct…...
mlaWorks Cited:
Delaney, L. (2010). Indirect Exporting: Advantages and Disadvantages to Indirect Exporting. About Import and Export.
Dess, A. & Lumpkin, L. (2002). Strategic Management: Creating Competitive Advantages, 1st edition. McGraw-Hill.
Joint Ventures. (2013). The Advantages and Disadvantages of Entering A Joint Venture. Joint-venture.swimintheincomestream.com.
Mergers, Acquisitions, and International Strategies
A well crafted strategy is crucial for business success in the both the local and the international market. Firms achieve this success by using business-level strategies or corporate-level strategies, or both. Business level strategies (such as cost leadership and differentiation) influence a firm's competitive advantage in its products and markets, while corporate-level strategies (such as mergers and acquisitions) affect the firm as a whole (Hill & Jones, 2012). Firms operating in the global market must also choose effective international business-level strategies and international corporate-level strategies. This paper compares an international company, Samsung, with a history of mergers and/or acquisitions, and a US-based company, Hibbert Sports, Inc., which is based solely in the US and does not have a history of any mergers or acquisitions. The paper specifically evaluates Samsung's acquisition strategy as well as its international business-level strategies and international corporate-level strategies. Also, the paper identifies…...
mlaReferences
Frainshmidt, S., Smith, A., & Judge, W. (2016). National competitiveness and Porter's diamond model: the role of MNE penetration and governance quality. Global Strategy Journal, 6(2), 81-104.
Hibbett Sports Inc. (2017). Investor relations. Retrieved from ir.net/phoenix.zhtml?c=78137&p=irol-irhomehttp://phx.corporate-
Hill, C., & Jones, G. (2012). Essentials of strategic management. 3rd edition. Boston: Cengage Learning.
Johnson, G., Scholes, K., & Whittington, R. (2010). Exploring corporate strategy. London: Prentice Hall.
Strengths and Weaknesses of Wal-Mart Global Strategy
The company has had to develop its business globally in order to evade the competition back at home. Wal-Mart today has its hope on its global strategy that has been more successful than the domestic sales. After initiating a global approach in 1991, Wal-Mart not operates in over50 countries across the globe. The failing stores in the USA have been complimented by the growing sales in other countries such as Mexico, China, Brazil and South Korea. The growth of the economies in these countries has enabled Wal-Mart to develop in these countries. For this reason, the focus of the company today is based on opening more and more stores in countries that are doing well economically such as the Asian countries such as Japan as well as those in Africa such as South Africa. However, it is important to note that the company has…...
Marketing
Case #8: Global Strategies
Critically evaluate Dolce & Gabbana's decision to launch 15 new stores in China
Dolce & Gabbana's decision to launch 15 new stores in China is a smart one. First, the U.S. Visa process is making it difficult for Chinese tourists to shop here, so D&G will have to take business there in order to get to those Chinese consumers who cannot buy here. Secondly, sales of luxury goods in mainland China were expected to reach $16.9 Billion dollars in 2011, which is a huge market, so G&B is going after some of those Billions. Third, G&B already has 26 stores there, so they are already known in China and G&B already know they can successfully sell in China. Fourth, they can sell a lifestyle of D&G, just as Ralph Lauren did, so that people will buy new products that support that imagined lifestyle.
As we saw in class and…...
Are there any market specifics that may suggest a different strategy for each of the markets?
A number of market specifics were identified in the case study, including consumer preferences for the types of shampoo and conditioners that were offered and whether they provided the desired outcome (German consumers wanted products that made their thin hair appear fuller, for instance). Similarly, the widely held perception of the company's products as being associated with feminine cosmetics in France, for example, largely limited its premium brands to older women. Likewise, Franch and Quintana emphasize that consumers in different European countries have different hair-washing practices, and while French consumes were washing their hair more frequently than in the past, they still languished far behind their counterparts in other countries such as Germany where consumers washed their hair twice as often -- and therefore consumed twice as much shampoo.
The concentration of new product offerings in…...
mlaReferences
Franch, J. & Quintana, N. (2000). L'Oreal (B): Locally adapting Elseve's global strategy.
Community of European Management Schools Case Study No. 501-012-1.
In 2004, it established its operations in Mexico to cash in on the high rate of diabetes in this country. Diabetes is responsible for 13 out of every 100 deaths in Mexico and Novo Nordisk expanded into this Latin American market. It also encompassed Mexico as part of its global campaign and its representatives went to schools and villages to spread awareness about the disease and the ways and means to cope with it.
The H system that was implemented in Mexico was different from the one that existed in Denmark and this was mainly due to the differences in culture, work attitude of the people and national factors that have a profound impact on the employment benefits of the workers. For example, in Denmark, every worker gets to participate in the decision making process. This is a part of the Danish culture and comes from the long-standing democracy and…...
mlaReferences
Shields, John. 2007. Managing employee performance and reward: concepts, practices and strategies. Boston: Cambridge University Press.
Bratton, John. 2001. Strategic Human Resource Management. Hampshire: Palgrave Macmillan .
Bamberger, Peter; Meshoulam, Ilan. 2000. Human Resource Strategy: Formulation, Implementation and Impact. Thousand Oaks, California: Sage Publications.
No Author. No date. Human Resources UC Berkeley. UC Berkeley. [Online]. Available at: http://hrweb.berkeley.edu/guides/managing-hr/interaction/diversity/resources
It is indeed sad to point out that the Kyoto protocol has not been enforced as a result of its rejection by the U.S. government and the ussian move of deferring it.
Conclusion
As pointed out by Hamada (2006).the process of controlling the global weather change should be done through a combined and unified effort of all nations. These must include the entire global community of the developed and the developing nations. It is therefore important to put aside political differences and then advance a sense of unity in coming up with an appropriate framework to be used in tackling global warming. A global strategy should therefore be put forward to tackle the problem. The design of the global strategy must accommodate the situation of all the participating nations. On the technical aspect, the strategy must involve the view of both social and natural scientist.
eferences
Encyclopedia of Earth (2010)."Global Warming"
http://www.eoearth.org/articles/view/153038/?topic=49491
Guardia (2009). Climate change…...
mlaReferences
Encyclopedia of Earth (2010)."Global Warming"
http://www.eoearth.org/articles/view/153038/?topic=49491
Guardia (2009). Climate change increasing malaria risk, research reveals http://www.guardian.co.uk/environment/2009/dec/31/climate-change-malaria-kenya
Hamada, T (2006). How Should Global Society Address Climate Change? - The Kyoto Protocol
global strategy, retail giant Wal-Mart has a few different factors to consider, as is evident in the Newsweek article, "Wal-Mart World." Not only does Wal-Mart have certain factors that must be taken into account when considering their global strategy, but these choices differ from country to country.
According to the article, "Wal-Mart is the No. 1 retailer in the United States, Canada and Mexico, growing rapidly in Asia, but still a minor player in Europe and South America." This can be attributed to the ways in which Wal-Mart attempts to expand into these regions. For example, when considering whether or not to move into a region and how the process shall be achieved, Wal-Mart must look at things such as the country's current economy, local labor laws, how the country's market operates, what sort of government regulations are in place, and the country's culture, to name just a few.
A country's…...
mlaBibliography
Ernsberger, Jr., Richard. Wal-Mart World. Newsweek. (International ed.). New York: May 20, 2002. pg. 50.
Kotler Marketing Group. Defensive Strategy in Price Wars -- Asda. Retrieved November 14, 2003. Web site: http://www.kotlermarketing.com/resources/miltonkotler/seeds/s18.html .
Wal-Mart Stores. Third Quarter Earnings Call. Retrieved November 14, 2003. Web site: http://www.walmartstores.com/wmstore/wmstores/Mainnews.jsp?BV_SessionID=@@@@1737567764.1068923194@@@@&BV_EngineID=ccciadcjjgkgekmcfkfcfkjdgoodglg.0&pagetype=news&template=NewsArticle.jsp&categoryOID=-8298&contentOID=13385&catID=-8248&prevPage=NewsShelf.jsp&year=2003 .
Some of the problems that this type of approach offered were:
Reliability issues -- many of these marketing directors had their own host perspective (local responsiveness) and the headquarter perspective (global integration), but none of the overarching overview that someone coordinating all the activities in other countries might have.
7. Research findings, Analysis and Evaluation
The results of the primary research are fully supported by the findings of the secondary research and backed by the general theory in the area of global marketing strategy. The marketing directors of both companies in all different regions (Asia, Latin America, Europe) have admitted to adapting their marketing strategies as much as possible to local specificities, but also recognized the important role that the headquarters and central marketing department played in the way they made their decisions, especially since the central departments were also coordinating the marketing budgets and were working towards creating economies of scale and…...
mlaBibliography
1. Aswathappa, A. 2006. International Business. Tata McGraw Hill.
2. Kotler, P. 2006. Marketing Management. Academic Internet Publishers Incorporated.
3. Wasilewski, Nikolai. 2001. Transnational Marketing Strategies: Performance and Limitations. Global Competitiveness
4. Egan, J. 2007. Marketing Communications. Cengage Learning Business Press
Here are some potential essay topics on corporate level strategies of Nestle:
1. Analyze and evaluate Nestle's diversification strategy. How has Nestle expanded its product portfolio over the years and how has this contributed to its overall growth and success?
2. Assess Nestle's international expansion strategies. How has Nestle entered new markets and expanded its global presence? What challenges has the company faced in pursuing a global strategy?
3. Examine Nestle's strategic alliances and partnerships. How has Nestle collaborated with other companies to strengthen its competitive position and drive growth? What benefits has Nestle derived from these strategic alliances?
4. Investigate Nestle's sustainability and....
Modern Conflicts and the Evolution of War Titles
Modern conflicts have witnessed a significant departure from the conventional titles traditionally bestowed upon wars. These new titles reflect the evolving nature of warfare, the socio-political context in which they occur, and the shifting perceptions of war's causes and consequences.
The Decline of Traditional Titles
In the past, wars were often named after their geographical location (e.g., the Franco-Prussian War) or the specific conflict between two or more belligerents (e.g., the Hundred Years' War). However, such titles have become less common in recent decades. The increasing complexity and interconnectedness of global conflicts has made it....
1. The impact of cultural differences on global strategy implementation in intunes
2. The role of technology in driving sustainability efforts at intunes
3. Examining the effectiveness of supply chain partnerships in promoting sustainable practices at intunes
4. The importance of employee engagement and empowerment in driving global strategy at intunes
5. Analyzing the influence of government policies and regulations on intunes’ sustainable activities
6. Investigating the role of customer feedback and preferences in shaping intunes’ global strategy and sustainability initiatives.
7. Exploring the impact of stakeholder relationships on intunes' global strategy and sustainability efforts
8. Assessing the effectiveness of green marketing initiatives in promoting sustainable practices....
Lesser-Known but Engaging Essay Topics on Global Strategy and Sustainable Activities of Multinationals
Topic 1: The Role of Emerging Markets in Shaping Multinational Strategies
Focus: Explore how the rise of emerging markets influences the global strategies of multinationals. Discuss factors driving this shift, such as market potential, cost advantages, and political risks.
Possible Outline:
Introduction: Global reach and the importance of emerging markets
Section 1: Market opportunities and growth potential
Section 2: Cost advantages and sourcing strategies
Section 3: Political risks and their mitigation
Conclusion: Implications for multinational competitiveness
Topic 2: The Impact of Climate Change on Supply Chain Management
Focus: Analyze....
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