Developing A Competitive And International Business...

To begin with, Scholes, Johnson and Ambrosini (1998) explained strategy as the direction of a firm for the long-term which accomplishes benefit for the firm through its allocation of resources within a dynamic environment to meet markets requirements and to achieve stakeholder expectations. Furthermore, Kelly and Zaman (2014) noted that strategies are strongly impacted by the environment of a firm. It is recommended that the strategies also implicate considerations about organization s internal factors and include choices about structure, technology and other factors. Both planned and emergent approaches must be studied under the progressively change, highly competitive and international business environment. External forces are driving companies to cut costs, improve processes and recognize new opportunities for growing. This paper will define and compare emergent and planned approaches to strategy formulation, and explain how utilizing organizational resources and capabilities play a key role in creating competitive advantage. Some valuable tools such as Porter s value chain and Economic moat will be introduced to show how internal and external factors can be evaluated. Apple company was selected to exemplify those aspects. Brief of Apple Company Based on Downie (2016), Apple Company is recognized as the largest international company, with a market capital of $540 billion. The company has accomplished this scale in spite of promoting a few number of products. AppleShow MoreRelatedInternational HRM With the Context of Global Economy 947 Words   |  4 PagesInternational HRM with the context of global economy It would be very easy to refer to international human resource management as little more than HRM on a national scale with some additional features that indeed similarities in the role of human resource management within national and international organizations; however, there are also some significant differences, not least of which is the development and deployment of staff in different national and regional locations around the world. TheRead MoreWhy The Economic Liberalization Is Regarded As A Second Step Towards Facilitating Globalization1478 Words   |  6 Pagestechnology, capital, and even labor or human capital. The term globalization means to permit the free flow of goods and services in the world. To create an environment in which free flow of capital can take place among nation states, an environment permitting free flow of technology and from the point of view of developing countries, creation of environment in which free movement of labor can take place in different co untries of the world. Essential conditions for globalization are there should not beRead More3.1 the Strategic Position Is Concerned with Identifying the Impact on Strategy of the External Environment, an Organization’s Strategic Capability (Resource and Competent) and the Expectations and Influence of1058 Words   |  5 Pagesis concerned with identifying the impact on strategy of the external environment, an organization’s strategic capability (resource and competent) and the expectations and influence of stakeholders. (Johnson amp; schools amp; Whittington, 2008) The strategic position that SABMiller has chosen to follow is to continue to protect and further develop its operations, whilst investing for growth in its international beer business, several acquisitions in last few years have given them a wide geographicalRead MoreGlobal Diversity Challenges at Lenovo881 Words   |  3 Pagesof globalization has determined many companies to build a strategy intended to address the international business environment. This is because the potential of different counties as markets is very appealing. Therefore, they have to incorporate internationalization in their strategies. This also refers to global diversity. Multinational companies are interested in developing a global business environment that can help them reach their objectives. It is important to understand the effects that thisRead MoreMajor Forces That Are Leading International Firms Essay743 Words   |  3 PagesThere are five major forces that are leading international firms to the globalization of their operations which includes (1) political (2) technological (3) market (4) cost and (5) competition. Many firms initiate international operations to gain assess by combined markets through exporting product or producing within the area. Technological According to (Ball, 2011) today’s technology has allowed an advance in computers, communication and an increase flow of ideas. Through the internet and networksRead MoreChina, India, and Multinational Enterprises Essay1092 Words   |  5 PagesAccording to the International Monetary Fund (IMF), World Economic Outlook, advanced economies with deficits will need to compensate for decreases in domestic demand with increases in international exports. Emerging markets such as China and India will compensate by shifting from international markets to their own domestic markets. The IMF has also projected that China will overtake the US economy by 2015 and India is expected to be equal in size to the US economy by 2020 (International Monetary FundRead MoreThompson and Strickland Essay Questions1432 Words   |  6 Pagesstrategic plan e. strategy implementation 10. Is it more accurate to think of strategy as being crafted or planned? Why? 11. Describe in some detail the task of developing a mission statement for an organization. 12. What are the risks and pitfalls of defining a companys business in broad terms? 13. What managerial purpose does the establishment of long-term objectives have? What are some examples of long-term objectives? 14. What is the managerialRead MoreAnalysis Of Michael Porter s Diamond Companies The Way A Country Gains And Sustains Its Own Competitive Advantage Essay961 Words   |  4 PagesNowadays, competition in anywhere is about the international affairs. In order to keep country’s own competitive advantage, it’s necessary to make national strategies to sustain this advantage and be an attractive market for international competing. Michael Porter’s diamond states the way a country gains and sustains its own competitive advantage through dealing with the disadvantage to push itself innovating and learning from it. Although this model clearly explains how one factor is related toRead MoreThe Expansion Of The World Economy1230 Words   |  5 Pagesbuild a strong competitive position in the market by taking advantage of the global market that is opened up to the foreign companies closed previously. The rapid growth of the technology is shrinking the geographical boundaries and the global economy is expanding faster than it can expand. The expansion of the world economy is offering companies many attractive opportunities that come with the domestic as well as global threats. Companies in industries that have a higher competitive threats have aRead MoreMarketing Design And Innovation : Ipod Marketing Strategy1167 Words   |  5 Pagesorganizations general design and it power of innovation determines the competitive advantage in the local as well as international level (Johansson and Holm, 2006). If a firm can respond immediately to the change then it can get expected benefits. Before adopting any change in the system, it is essential to know its appropriateness in the organizational context. The nature of the organization, nature of the product, business environment, nature of competition etc. determine the appropriate system to be

The Liberation of Katharina in Shakespeare’s Taming of...

The Liberation of Katharina in Taming of the Shrew In Shakespeare’s Taming of the Shrew, Katharina is presented ambiguously with much debate asking whether or not her character is tamed, liberated or whether or not in reality she was a good enough manipulator to make it appear that she becomes tame when in essence her character remains the same. Within this essay I shall be concentrating on the aforementioned as well as discussing a television adaptation of Taming of the Shrew that presents Katharina not as the expected shrew, but as Petruchio’s tamer. Katharina is often presented as the whipped Shrew. There is evidence within the play, that supports Katharina is tamed by Petruchio. For example, in the opening†¦show more content†¦It is difficult to take Katharinas message here and say that the essence of her character remains the same. Her monologue reveals that she now sees it is her duty to respect her husband and to be submissive to him. Her speech leads the audience to see that this duty of the wife is one that is a repayment to the husband for all the hard work he does to support her, a debt that the wife could never possibly repay. There are a number of possible reasons for why Katharina might not have gone through the transgression of change. For example it is notable here that the play takes plays in the course of a few days, is this enough time to warrant a character change as big as this? ? It is very unlikely that it is possible, since Katharina, by the opening of the play, is at least 20 years of age and is very much set into her ways. It would take much longer to cure Katharina of this attitude problem that she perhaps possesses. With this in mind, it is very likely that Katharina was either liberated by Petruchio in how to control her temper, or she acted as if she had been tamed to get everyone off of her back. As I feel that it is not possible for Katharina to have been tamed by Petruchio in the short time period of the play, it is possible that she was liberated by Petruchios actions. In the movie version of Taming of the Shrew, whichShow MoreRelated10 Things I Hate about You and The Taming of the Shrew1171 Words   |  5 PagesThe film â€Å"10 Things I Hate About You† is based loosely on William Shakespeare’s 15th century play â€Å"The Taming of the Shrew†. The misogynistic play tells the story of how Petrucio essentially torments his headstrong wife, Katharina (also called â€Å"Katherine† and â€Å"Kate†) until she â€Å"becomes a compliant and obedient bride† (wikipedia). The story simultaneously follows the story of many suitors competing for the love of Katharina’s sister, Bianca (Wikipedia). The film adaptation, â€Å"10 Things I Hate About

Responsibility Cost Control System Free Essays

Assignment: Cost Modules Essay Cost management in China has been evolving over the past ten years due to influence by the foreign concepts of management accounting. This can be traced back to year 2001 where increased market openness, reduced government interference, and increased management autonomy were mandatory for China’s accession to the World Trade Organization. This change in market condition has incentivized Chinese firms to improve their management accounting practices. We will write a custom essay sample on Responsibility Cost Control System or any similar topic only for you Order Now Subsequently, the traditional costing method is also facing a sudden threat by the influx of ABC/M, Target Costing, Responsibility Accounting, etc. Presented with new ideas, this essay will discuss the popular cost management accounting trend in China, specifically the responsibility cost control system. I will also compare the changes in the Chinese management accounting practices and give opinions on the possible future outlook of the cost and management accounting landscape. According to the research on contemporary management accounting in China by Jason Zezhong Xiao and Rong-Ruey Duh, the most widely used techniques are, cost behavior analysis, cost allocation, responsibility accounting, and cost-volume-profit (CVP) analysis. On the other hand, the lowest levels of adoption are techniques like the activity-based costing/management, kaizen costing, standard costing, and environmental accounting. This result is gathered by providing the firms with 25 management accounting practices and asking them to feedback the extent to which they applied each of the 25 practices in the running of their businesses. Results showed that the responsibility cost control system, together with CVP analysis, are among the most popular ‘new’ practices adopted by Chinese firms since market reformed. Specifically, I will discuss responsibility cost control system using the example of Han Dan Iron and Steel Company. Han Dan Iron and Steel Company was established in 1958 and was originally a state-owned iron and steel mill under the administration of government authority at provincial level. It introduced ‘responsibility cost control ystem’ in the beginnings of 1990s, and went public in the next half of that decade. There are four underlying principles for the responsibility cost control system. 1. Setting cost and profit targets that take into account market pressures 2. Assigning target costs to various levels of responsibility center 3. Evaluating performance based on fulfillment of the responsibility cost targets, and 4. Implementing a reward scheme with built-in inventive mec hanisms. To explain the first principle of responsibility cost control system using Han Dan Company, all 60 units and subsidiaries were regrouped and decentralized in accordance to the Company’s operational goals into two main categories – producing divisions and servicing units. Han Dan Company has 13 primary producing divisions and within each is a design of multi-tier responsibility centers. This is crucial in the cost setting and profit targeting of responsibility cost control system and they are designed to be dependent on sales and demand, incorporating market pressure. The assignment of target costs to the various levels of subdivisions is by a top-down approach. It is different from the traditional standard costing method and is in line with the above principle of taking into account market pressure. The market prices are first determined and subsequently, target costs and profits will be just moving averages of the fluctuating market price. The third principle cannot hold without a good design and implementation governed by the DFA, the department that is also responsible to the evaluation of individual responsibility centers. This principle focused mainly on the target costs and is the most important indicator of responsibility performance in the responsibility cost control system. All bonuses will be forfeited when a responsibility center fail to meet its cost targets, even if other targets are fulfilled. The reward system however, does acknowledge and encourage the achievement of other related responsibility standards such as production output, product quality, etc. beyond the cost targets even though it is a secondary subject to the ‘cost-veto’ mechanism illustrated above. Although the responsibility cost control system is often compared to target costing, I feel that it is actually better than target costing due to the fact that it focuses more on actual results than forecast. Target costing on the other hand focuses more on forecast and new product planning, and extends cost management beyond the firm to include supply chain partners. Moreover, responsibility cost control system has proven great success in the case of Han Dan Company. It is an exemplary model for the government and business community in China to consider in other state-owned enterprises. Looking forward, with China’s market continuing to evolve and opening up to foreign ideas and companies, we can foresee it moving towards a market-oriented economic system where companies are more motivated to adopt management techniques to improve performance. However, the adoption does not guarantee efficiency and profitability if government forces it onto them without considering the unique business situation. Like Han Dan Company, Chinese firms should diffuse and develop innovative management techniques to suit their own needs and we will definitely see even better developments by Chinese firms in the future. References Duh, R. , amp; Xiao, J. Z. (2008). An overview and assessment of contemporary management accounting research in china. (Special Issue ed. , Vol. 20, pp. 129-164). Journal of Management Accounting Research. WU, J. , amp; BOATENG, A. (2010). Factors influencing changes in chinese management accounting practices. Journal of Change Management, 10(3), 315–329. Lin, Z. J. , amp; Yu, Z. (2002). Responsibility cost control system in china: A case of management accounting application. Management Accounting Research, 13(4), 447-467. How to cite Responsibility Cost Control System, Papers

Definition and Freedom free essay sample

The Oxford English Dictionary defines freedom as The state of being able to act without hindrance or restraint, liberty of action. More often than not, people do not take the time to realize all of the freedoms In existence around the world today. Take a moment and realize the importance of freedom based upon the many struggles today and in the past for this ideal. Many major campaigns, wars, and conflicts have been driven by the conquest for freedom. The definition of freedom can be explained best using the literary concepts of description, exemplification, and negation.Freedom Is a very complicated word to define In any one way. It presents many challenges In our direction. It can be Interpreted various ways because there are so many freedoms that are available to discuss and consult. If people were not allowed basic freedoms, such as freedom of speech, the world would be a drastically different place to live in. We will write a custom essay sample on Definition and Freedom or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Freedom has never come easily and most likely never will for anyone or any place. People with great freedom in their lives are always proud and delighted at the achievement. Mammalians wrote, Freedom Is a symbol which stands for a sublime and powerfulIdeal. The same symbol, however, may become a dangerous weapon In the hands of the enemies of freedom. Indeed. Freedom Is quite powerful and when the wrong person possesses the power, it can become very limiting upon society basic freedoms. Bronchial Mammalians wrote, Freedom can be defined as the conditions necessary and sufficient for the formation of a purpose, its translation into effective action through organized cultural instrumentalities, and the full enjoyment of the results of such activity. It Is true that many prerequisites must be met to get a freedom established.Freedom has never come easily and most likely never will for anyone or any place. Many people have to Join and fight to obtain the freedom required. In the past, freedom has been thought of as a fighting word. In todays society, it is considered more of an honorific word. People with great freedom in their lives are always proud and delighted at the achievement. Although this is something that everyone would like to forget about, freedom was fought for among our own culture. This Is definitely a defining point of freedom. The First Amendment clearly voices a great American respect toward the freedom f religion. It also prevents the government from abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble and to petition the Government for a redress of grievances. Since the early history of our country, the protection of basic freedoms has been of the utmost importance to Americans. In Longboats Hughes poem, Freedom, he emphasizes the struggle to enjoy the freedoms that he knows are rightfully his. He reflects the American desire for freedom now when he says, l do not need my freedom when Im dead. I cannot live on tomorrows bread.He recognizes the need for freedom in its entirety without compromise or fear. I think Longboats Hughes captures the essence of the American immigrants quest for freedom In his poem, Freedoms Plow. He accurately describes Americans as greater freedom or freedom for the first time. He depicts how people of all backgrounds worked together for one cause: freedom. In the end, the definition of freedom boils down to being able to act with liberty and without hindrance to a certain action. We should all have our own definition of freedom that comes from our heart based upon our cultures.