Licensers sometimes feel the licensing company doesn't understand or that it disregards or misrepresents the product. Internal conditions in the second-party company can adversely affect the marketing campaign. Any company that contracts with a company overseas needs to be aware of local customs and laws. The last thing a business needs to happen is legal charges being brought against them. If a situation should occur then the company could be covered by t the Conflict of laws which has three branches , Jurisdiction whether the forum court has the power to resolve the dispute at hand, Choice of law the law which is being applied to resolve the dispute, and Foreign judgments the ability to recognize and enforce a judgment from an external forum within the jurisdiction of the adjudicating forum.
Identify the main reasons for reviewing working methods, products and / or services in a business environment. The main reason why a business should review working methods, products and / or services are to ensure that they are keeping in line with other businesses. An example of not keeping up with the times is HMV. Change can cause added pressures to the business. However there are changes that would have a small affect on the business.
If he goes on the trip it is only good for Bill. If he declines the invitation then it is good for UWear, Joe, Paledenim, and in the end Joe’s family. Others with a different view than mine might say that Joe should use the Egoism theory. This theory suggests that we should act only in our self-interest and that failure to do so keeps us from reaching our potential, (Forman, 2008). Someone might suggest this theory because they believe that Joe should act in his best interest and if he does then he will not go on the trip.
RUTH’S CHRIS CASE STUDY QUESTION Is Ruth’s Chris able to succeed in foreign markets? A decision needs to be made as to which countries have growth potential with little risk. Although the study outlines different methods to aid in determining this like market selection criteria and the growth plan model; they need a more detailed method of narrowing down their choices. Some considerations used were 1. Corporate vs. franchise and introductions of a new concept/product vs. introducing the same model to a new market 2.
BCOM/230 Abstract This exercise explains what we would write differently to our top administrators. It also indicates the way the memo should change based on its audiences. What types of information should be included in this memo what types of information should be omitted. This exercise will point out the potential repercussions of failing to know the audiences. Review Memo to the Executive Vice-President This message should be short but complete coverage of the subject matter.
Week 7 DQ 1: "Detecting Unethical Practices at Supplier Faculty" Please respond to the following: Assess the value of having a Supplier Code of Conduct when outsourcing operational functions to international markets and the enforceability of such a code. Evaluate whether or not you believe a U.S.-based company outsourcing jobs to foreign markets is ethical. Support your position. Assume that you have to make the decision to outsource work to a foreign market. Determine what country would be your best option.
According to Manoski (2002, p. 1), “R&D strategy is both an input to and an outcome of the business strategy. In its preliminary state it provides a key basis for the identification, evaluation and selection of business opportunities and therefore, a set of options for the direction of a business.” Riordan presently uses a research and development strategy; however, with some fine-tuning, the organization could discover trends beyond its current domestic and China focus by expanding into other international areas. By expanding its horizons, Riordan may discover other needs the organization is not meeting or ways for improving existing products. The latter part of this strategy provides the framework necessary for execution of this strategy in alignment with the differentiation
This can make expanding and growing very difficult and decisions must be mad wisely. When it comes to their products that are purchased around the world to ensure high quality, expanding may affect that quality, making it hard to supply a specialty product. Going public through an IPO, may change the very decision made that make their company special, or it may enhance their products by providing more resources. Acquiring another company in the same industry to help their company grow could cause increased financial stability or increase their financial burden. Kudler can merge with another organization in hope to expand while implementing their mission and values on that organization or that organization may hurt their reputation.
Being an extrovert, we are usually motivated by outside factors and greatly influenced by the environment. As I have been reading , I have learned more about the extroverted personality type. I have also learned that having an extrinsic motivation is a means of encouraging an activity such as the company merger. For example, if we joined in and took the merger with open arms, we’d get better benefits across the board. However, if we had reluctance by a significant amount, we’d see the doors close for UT Medical Group.
Although the Sarbanes-Oxley Act was passed by Congress for positive reasons, there are many disadvantages that come along with it. A major issue is the cost of regulation, especially for smaller companies. Expanding internal controls delay the timeliness of financial statements by adding processing time to accounting functions. To follow the SOX, companies would need to separate duties, causing an increase in personnel. The SOX also calls for additional audits which increase business costs.