II. Major Problem: What systems of procurement does Eagle Company need to develop to improve effectiveness at the lowest cost? III. Possible Solutions/Alternatives A. Stockpile oneday supply of required parts for the Operation section to maintain productivity and prevent the Operations department from delays or shutdowns due to required part not on hand.
Addressing International and Ethical Legal Issues What are the issues involved in resolving legal disputes in international transactions? When a business operates internationally, they inevitably will be faced with the task of confronting legal disputes with their international partners or within the host country they are doing business. These situations will demand that certain issues be addressed in order to resolve the dispute. Issues such as the legal forum of resolution and the applicable local or international law will be relevant concerns when resolving legal disputes, and should be known by the commercial participants prior to the occurrence of a dispute. In the case of the course material simulation, a question posed to the student related to which forum a complainant should refer their case in the event of a legal dispute between CadMex, a U.S. based company, and Gentura, a company based in the Southeast Asian country of Candore.
Knowing the legal requirements for making binding contracts is important. Contracts provide the means for individuals and businesses to sell or transfer property, services, and other rights. Without enforceable contracts, the business world would collapse. A contract is defined as an agreement between two or more parties creating obligations that are enforceable or otherwise recognizable at law. (Black's Law Dictionary, 2005) The agreement will create rights and obligations that contracts, in many instances, do not have to be in writing to be legally binding.
Knowing how the law works and what is legal or illegal in a current theatre of operations is key for a security organization. This area of operation could be in the United States or overseas. The security professional must be well versed in laws governing the operation for the area in which the operation takes place. There is no excuse for losing an asset because of a legal issue that should have been addressed before hand. The security organization must know how the law works.
Neither choice in this case should be weighed lightly as they both bear consequences. Accept This Offer: After several months of searching and applying, it might be hard for international students to get the offers, so taking it might be better for him. This would allow him to accumulate internship experience and help him adjust to working full-time. This should help him become better in competing with other graduate students. The company promised that after he graduated, they would make him a full-time employee, which would save him some time in searching for a job, and prepare him to focus on his studies.
There are also many issues involved in resolving legal disputes in international transactions. Some of these issues can be, but are not limited to enforcing binding agreements and applying which country’s law to resolve the dispute. When there is an international legal dispute and the dispute goes into arbitration there is no guarantee that the losing country will comply with the binding outcome of the arbitration. It will be up to that government to enforce the company to abide by the agreement. There are various ways to get the governments to abide by the
The other option which is full advance payment will be too risky for the buyer (Yusuf), because of transactions risks in contracts such as: shipping risks or seller non compliance risk. Therefore, it was a right desicion made by Ferro Industries do not ask for a full advance payment upfront.The third option which is delayed payment is not the right choice for the Ferro Industries. However, despite all the risks with this type of payment when it comes to conduct an international business in the world wide competition it is could be acceptable. 3. Evaluate the role of trust vs. contracts in international customer relationships.
Perhaps someone does not agree with the policies the company is putting in place. Maybe they see a mistake with following that procedure. Will they speak up? More than likely not if they are afraid to challenge someone who perhaps is threatening them that if they don't agree or comply, then they can kiss their job good-bye. Sechser says, "strong powers would make more potent threats since they can threaten especially severe punishment for non-compliance" (p. 627, para 1).
When planning the businesses cash flow, take in to consideration how customers pay. If they pay with credit, it can be months before a payment is received, therefore, rethink the cash flow strategy because most suppliers require immediate payment for new businesses. Failure to price a product or service correctly can also result in business failure. (Ames) Secondly, if a business owner fails to clearly, define their market, their customers, and their customers buying habits, they can cause their
1. What is your assessment of the situation? The maturity of supplier management? Build a SWOT analysis for BVSx from the point of view of “supplier management” The assessment of the current situation can be described by the external and internal aspects. 1) Externally, the problem is that in order to be more competitive, BVSx need to lau nch the new “Augmentor®” technology as soon as possible, but one of the main suppliers LCSD, which is assessed as the only qualified supplier for the new technology now is unable to provide the material on time to satisfy the requirement from R&D.