Why or why not? The chapter defines global corporate citizenship as committing to serving various stakeholders. I think that Apple did demonstrate good global corporate citizenship. Even though many of the tragedies could have been avoided long before the audits were performed, I think that Apple responded well after learning of the mistreatment of its indirect employees. The company understood that corporate citizenship is increasingly important for their long-term success and took action by commissioning a month-long, independent investigation of the labor conditions at its suppliers’ factories in China.
Second, financially stressed companies that go dark are the very companies’ shareholders need to monitor usually and where transparency is most important. Clearly, SOX has both positive and negative effects. However, the implementation problems of the Act do not provide sufficient reason to weaken or eliminate SOX requirements or to adopt significant exemptions based on company size. 2. What advantages would China offer foreign companies to list on its exchanges?
2. Outline the possibilities for foreign securities. Security is top priority for any company, especially when conducting business in a foreign country. A country needs to ensure to its citizens and foreign visitors the country is secure and is welcoming of all foreigners. Still, a country like China with its prestigious
The first step of this change process is to identify and communicate a need with urgency for the organization. The urgency in this case is there are potential revenues which are not collected by XYZ, Inc. because they have do not have a presence in the international market. The threat of the competition, such as Chanel, Gucci, Louis Vuitton and MontBlanc all in the same industry, is high
They would not be able to provide that exclusivity niche businesses can because they sell an array of niches instead of just one. Businesses like Urban Outfitters are niche businesses that sell a broad selection of unique products but only supply each store with a limited quantity to assure customers with being able to have that feeling of owning a one-of-a-kind piece. This increases their products demand and guarantees customers to have a differentiation. Businesses like Wal-Mart and Sears cannot project a counterculture image because producing merchandise in high volumes eliminates the exclusivity and uniqueness of the merchandise, which is what allures customers to the items Urban Outfitters, produces in the first place. Without that alluring feature of being “special” and everyone not having the item, the item may not even be successful.
America began on small businesses and America has to continue to have small businesses to have a good economy. Wal-Mart endangers businesses all over the country because small businesses cannot compete with the superpower on account of Wal-Mart getting goods from places like China. Most people live within thirty minutes of a Wal-Mart and with their lower prices people will continue to shop there without realizing what they are doing to their own economy. Most people don’t realize that saving a few dollars by shopping at Wal-Mart is crippling all the local businesses around their area. Wal-Mart does not care about the American economy because they are thriving the way the economy is now, so American citizens have to stand up for their communities.
Eldora’s employees all love and share the enthusiasm of bicycling and eagerest to adopt the industry’s latest trends and style. Evaluate the alternatives. How might the company best accomplish its objectives? The Eldora Company should proceed by opening an office in China because of its high demand for bicycle transportation and low labor cost, which will only aid in Eldora’s success there. However, globalizing a company will not be easy.
This in turn means that if the products are defective and not up to standard then they could damage the relationship with the Chinese department store. Another potential problem that may result from accepting the Chinese department store's order is that the research and development centre for the product line is based in the UK. This means that there problems could arise if there is a break down in communication between China and the UK, for example wrong orders could be received in China which would be particularly problematic with the average delivery time from factory being 21 days, 11 more than the UK factories. Therefore this means that these problems could be much more costly than if they happened from the UK factories. (8/10) Andrew Mitchell believed that the best solution to resolving the dispute over the introduction of new technology was to close the UK factories and move production to a purpose built factory in China.
Gap Analysis: Riordan Riordan Manufacturing opened a production facility in China. Because it flourished, Riordan's CEO wanted to add another facility. By adding another facility, Michael Riordan hopes to provide the company with additional international opportunities. The competition in China results in a lack of skilled labor; however, labor from nearby countries is available to Riordan Manufacturing. Using workers from these other countries requires Riordan Manufacturing to consider cross-cultural issues.
Although competitors could attempt to use the same approach in international markets and take away market share from the company it is likely that they will not be very successful because since FedEx was established first they already have a loyal group of clientele which will be unlikely to leave to a new company. The move from the Philippines to China is a good one because China will bring in more revenue and be more profitable than will be the Philippines. The managerial functions of planning include figuring out the strategies that FedEx must employ in order to be a company that can survive and compete with any other company in its market. The function of organizing is to be able to perform managerial jobs. Buyouts have allowed FedEx to manage the sources available to them in a way that allows them to survive in their market.