Timothy T. Riley SOC-100 October, 20, 2013 David Claerbaut Globalization: A Closer Look In today’s economy multinational corporations are outsourcing at an astounding rate. These conglomerates are making their mark through dominating the business arena through globalization and world trade. Companies like Ford motor company, General Motors, and Wal-Mart just to name a few are considered to be the major power players in the industry. Multinational companies are considered a threat to national independence to secure satisfactory working environments. The world’s fortune 500 companies controlled an astounding 70% of the trade market, and 80% of foreign investment, and 30% of the (GDP), gross domestic product.
Should a multinational corporation operate as a tightly integrated, worldwide business system, or would it be more effective to let each national subsidiary operate autonomously? Nowadays, with the growth of foreign trade, multinational corporations are playing a very important role and representing a considerable proportion in global business (Helpman, 1984), the management strategies of multinational corporations are drawing wide attention. With the potential advantages of doing business internationally, MNCs are also facing some challenges, such as language barriers, cultural differences, political restrictions and so on. In the recent years much of research effort has been made on the topic of managing and innovating each national subsidiary. There are always two main perspectives – should all the subsidiaries being operated tightly follow an overall strategy or having more freedom to develop the business autonomously?
Daniel Baker (July 8, 2013). Janice Bryant Howroyd Selected as a Regional Ernst & Young Entrepreneur Of The Year Award recognizes outstanding entrepreneurs who demonstrate excellence. http://www.blackenterprise.com/small-business/janice-bryant-howroyd-award/ 3) Carolyn M. Brown (May 17, 2012). Entrepreneurs Conference: How Janice Bryant Howroyd Built A Billion-Dollar Business: The founder and CEO of the largest minority woman-owned employment agency to share her 7 keys to business success. http://www.blackenterprise.com/small-business/entrepreneurs-conference-how-janice-bryant-howroyd-built-a-billion-dollar-business/ 4) Janice Bryant Howroyd, Chairman and CEO of the ACT-1 Group, to be Honored Along With Six Others as One of LA's Most Influential Business Leaders By the National Association of Women Business Owners - Los Angeles NAWBO-LA.
Case Study 3: Crocs 1. What are Croc’s core competencies? Croc’s core competencies start with its highly flexible supply chain and the ability to fulfill new orders quickly, responding to increases in customer demand as it occurs. This would include them nearing vertical integration, owning a good portion of their own supply chain, with the flexibility and ability to meet small or large customized orders to a large or small volume customer. This is their primary core competency because it is revolutionary inside the footwear industry, and is not easy for their competitors to imitate.
According to authors of text book, Operations Management (Reid & Sanders, 2010), SCM is also defined as the “design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally”. The objective of the integration effort is to maximize company value to maintain competitive advantage in the market place. For this purpose Durham International Manufacturing Company needs to take action in response to market demand. Market demand can be ascertained if there is integration with the regional distribution centers and retail centers that distribute and sell the products of Durham International Manufacturing Company. The integration process should first start with the distribution and then should reach out with suppliers (Ellram, 1991).
Threat of Substitutes: Management consulting firms are one of the threats for substitution. (“Management Consultants doubled as potential clients as well as direct competitors in terms of offering digital strategy”, p.9, para 2). Another outside industry threat is the IT firms. (“Huge found itself pitching against an IT company who were offering many of the services as Huge” p.9, para 3). Another threat of substitute could be companies hiring in house people to save costs, in which case they will have to compete with them in terms of attracting talent as well.
Apple and Foxconn improve their working conditions Apple is an American multinational companies, design and sales of consumer electronic products, computer software, and personal computers, Macintosh series computer in the company's best-known hardware products iPod, iPhone and iPad. Foxconn is a Taiwanese multinational electronics manufacturing company, headquartered in Tucheng, Taipei County, Taiwan. It is the world's largest manufacturer of electronic components, the largest exporter in Greater China. Foxconn has been involved in some controversy, mainly how to manage employees in China; it is the largest private employer in the world. Fair Labor Association in 2012, Apple hired to audit the working conditions at Foxconn.
Journal of Management Research Vol. 14, No. 2, April–June 2014, pp. 71–86 Flexible Working as an Employee Retention Strategy in Developing Countries Malaysian Bank Managers Speak Aida Idris Abstract Retaining talented employees is a predicament often faced in fast developing countries due to the highlycompetitive nature of their business environment. Since increasing financial benefits is considered as an unsustainable strategy in employee retention, firms have begun to consider flexible working as an alternative tool.
• Certificate in Personnel Practice Assignment 1 CPP Unit 1 -HUMAN RESOURCE PLAN AND ORGANISATIONAL CONTEXT 2008-2009 XXXXXXXX Introduction to Company X Company X has long been established as the leading UK specialised multiple retailer of fashionable branded and own brand sports and casual wear, principally through the growth of its main retail fascia, Company X. The group now has over 400 stores covering both Sports and branded fashion but it all started when Company X was founded in 1981 with one shop in the North of England. Maximum advantage was being taken from the growth in sales of international sports brands such as Adidas, Nike, Reebok and Puma and the trend to wear sportswear more and more in everyday life rather than largely on sports fields. Additionally, COMPANY X had already developed its reputation as the most innovative visual merchandiser of sportswear with the best and most exclusive and stylish ranges. The business continued to grow organically until 2002 when it acquired nearly 200 further stores with the acquisition of Business A from the business B Group.
Economist and Psychologist are showing more interest on the subject of Time Management . Time management pertains to the development of processes and tools that increase efficiency and productivity. (Konig, C. J., & Klenmann, M. 2007). The effects of organization and time management can play a big role in productivity. This is an important factor that can have and affect on the success or failure of a company.