Joyce has identified a list of parts that would be candidates for her global sourcing initiatives to China to reduce costs. Of the twenty-two parts that are potential candidates for global sourcing, eleven are already part of a strategic sourcing agreement and eleven are sourced throughout North America. She has provided us with the current price per piece but has not provided us with a price from any potential supplier from China. There are also additional costs that Joyce has identified that will be above what they currently pay for transportation, holding costs , taxes, administration fees and duties. If they source from China these charges include: • 8% duty for products from China • 25% increase in inventories, this would increase Trojans inventory holding.
Week 5 Learning Team Assignment Shelly Evans, ACC 400 Resources: Financial Accounting: Tools for Business Decision Making and Managerial Accounting: The Basis for Business Decisions Prepare responses to the following assignment from the e-texts: • Ch. 13: Communication Activity: BYP 13-7 of Financial Accounting: Tools for Business Decision Making o Note: Include a 350- to 700-word memo addressing the problem in BYP 13-7. BYP 13-7: “COMMUNICATION ACTIVITY BYP13-7 R.J. Falk is the chief executive officer of Ventura Electronics. Falk is an expert engineer but a novice in accounting. Falk asks you, as an accounting major, to explain (a) the bases for comparison in analyzing Ventura financial statements and (b) the limitations, if any, in financial statement analysis.
Skilled Chinese workers are not available and the company has to hire foreignworkers from Pakistan, India, and Korea to work with the current Chinese and Americanworkforce (University of Phoenix, 2010). To achieve the strategic goals of the company, aninternational management approach that focuses on a cultural sensitivity is necessary. The planhas the opportunity to use cultural dimension studies to develop a cultural synergistic workforce.Riordan human resources should investigate cultural dimension studies to obtaininformation to understand the diverse workforce cultures to create a collaborative and respectfulworkforce. A recognized study is Geer Hofstede¶s cultural dimension (Hodgetts, Luthans, &Doh, 2005). The massive study determines four dimensions: ³(1) power distance, (2) uncertaintyavoidance, (3) individualism, and (4) masculinity´ (Hodgetts, Luthans, & Doh, 2005, p. 102).The study provides information on different cultures behavior (Hodgetts, Luthans, & Doh, 2005).An example is individualism versus collectivism.In the United States, Americans are individualistic concerned about the welfare of self and family (Hodgetts, Luthans, & Doh, 2005).
Go to “The Great Wall of China” on the menu on the left hand side. Use the slideshow to see more pictures and learn more information about the Great Wall: o Who ordered the building of the Great Wall of China? Great Walls were built by by northern kingdoms (warring states) like Zhao, Yan, Qin. But it was Qin Shi Huang who ordered to link the walls together. This formed the Great Wall.
China, Jamaica, and America Ethics Case Study Tammy M Langewisch Eth/557 December 3, 2012 Andrew Sargent, MBA, JD China, Jamaica, and America Ethics Case Study In the article, “A Study of Differences in Business Ethical Values in Mainland China, the U. S. and Jamaica,” writes about the results of a second research performed that compares what has been considered third world countries, Mainland China and Jamaica, to the United States (U. S.), and how each countries culture impacts ethical decision making in businesses. The study contained five vignettes and two hypotheses. The vignettes were scenarios in which the subjects responded to, according to what they believed were ethical or those that were not. This paper will cover the culture that impacts China and Jamaica, the results of the research and ethics plays a role in decision making for financial, environmental, and cultural issues; how the concepts of positive and normative economics are reflected; and how market efficiency, economizing, and the market system affects these ethical issues in each country compared to the U. S. Ethics in Financial, Environmental, and Cultural Issues Mainland China was a socialist-based economy that converted to free market over 25 years ago. China’s culture is founded upon Confucian and Maoist, rather than capitalist, which impacts ethical decisions made by Chinese business leaders (Fok, Hartman, & Kwong, 2005).
Shortterm debt increased from 0.3 percent in 1984 to 16.8 percent in 1987. Accrued expenses went from 16.6 percent in 1984 to 1.9 percent in 1987. In addition, the inventory turnover decreased from 4.6 in 1984 to 3.2 in 1987 while the age of inventory increased from 79.7 days in 1984 to 113.2 days in 1987. This is a miserable sign because the electronics innovate day by day but Crazy Eddie needed more time to sell the products. The accounts receivable turnover decreased from 135.4 in 1984 to 53.9 in 1987 while the age of accounts receivable increased from 2.7 days in 1984 to 6.8 days in 1987 indicate that Crazy Eddie had some problems on realizing accounts receivable.
They have much to learn about marketing in a foreign environment such as China, but baby steps have been made to get there. Following important marketing tools such as the 4 p’s of marketing, the 4 utilities of customer value, and the STP approach, FeelGoodz can make it happen! References Fascaldo, D. (n.d.). Retrieved from http://smallbusiness.foxbusiness.com/entrepreneurs/2012/07/13/us-entrepreneurs-selling-products-in-china/ FeelGoodz, Inc. Retrieved from http://www.feelgoodz.com/shop.html Jones, S. (2012, February 13). What is the stp process.
Allison Lee RELI 1002 Liu Xuewen 2/17/2012 This video is an interview between Bill Moyers and Tu Wei-Ming. The topic is about “A Confucian Life in America”. Bill Moyers interviews Tu Wei-Ming who is a leading expert on Confucianism and Neo-Confucianism. A proponent of the idea of “Cultural China,” which attempts to understand what it means to be Chinese within a world context. Tu is currently interpreting Confucian ethics as a spiritual resource for the emerging global community.
Should the U.S. government intervene in any way in the negotiations between U.S. auto companies and the Chinese government? Explain. 1. In your judgment, do the managers of the Robert Hall store have any ethical obligations to change their salary policies? If you do not think they should change, then explain why they have an obligation to change and describe the kinds of changes they should make.
They will co-operate with the Chinese authorities’ following investigation as well. Meanwhile, they will start an internal investigation of their own (GSK 2013). In July, GSK admitted that some of its senior Chinese executives broke the law. Critical analysis of the external environment using the PESTLE framework According to Witcher and Chau (2010), the PESTEL framework is a “mnemonic used in strategic management to group macro-environment factors to help strategists look for sources of general opportunity and risks”. By analyses the external business environment, the PESTEL framework help organization to understand