Small businesses have to adapt and to cater to the local market. To adapt and to understand sociocultural differences could be one of the major hurdles in keeping small business out of the global trade. In fact, many US companies like IBM, Apple, and Wal-Mart have faced difficulties in dealing with these differences. * Economic and financial forces: In global trade, small businesses have to adapt to the fluctuation of
Because the company must produce all financial information to the SEC many businesses find it to be very stressful and time consuming which takes time and money away from a company that is thriving like Kudler Fine Foods. Legal liability is important when conducting an IPO and those offering the shares can be personally sued. The expenses continue after the company goes public with the SEC reporting requirements. Kathy Kudler will not only lose control of some of the decision making for Kudler Fine Foods with an IPO, but she will also lose some of the profits, as a portion will go to the
There are also other risks associated with manufacturing internationally. When a company is manufacturing its product internationally for sale in a domestic market the exchange rate must be taken into consideration when dealing with suppliers of the components necessary for production along with the cost of labor. Should the exchange rate fluctuate greatly it can increase the cost of manufacturing to a point where the resale (retail) cost domestically rises and the product is no longer competitively priced within the domestic marketplace. The Risk: 1. Product Recall: This is a
Kudler Fine Foods Photography The pros and cons of outsourcing the photography to a professional photographer Kudler Fine Foods is a rapidly growing online retail business that needs photography services just like any other business. This makes the company reach a decision-making point on whether or not to outsource its photography services. Such an initiative has both advantages and disadvantages that company managers involved in decision-making must put in place before making a move (Tuck 2010). Cons Some of the disadvantages of outsourcing photography services include • The possibilities of losing total control over the process of the professional thus resulting to results that may not have been envisioned by the company owners. The photography process is always internal and in line with the photographer’s imagination, which an external party may not fully understand.
A) Employees frequently complain about the inconsistent assistance they receive from the HR department due to its large size. B) The global nature of the firm makes it difficult for the HR department to effectively communicate corporate messages to employees scattered around the world. C) Centralized call centers would enable the HR department to provide specialized support on daily transactional activities. D) Line managers want to implement additional screening and evaluations to improve the quality of their subordinates. Answer: A Explanation: A) The embedded HR unit assigns HR generalists directly to departments like sales and production to provide the localized human resource management assistance the departments need.
In other countries their culture and language vary greatly from the American way (Palvia, S. C., Palvia, P., Weidong, X., & King, R. C. (2010)). Other issues include time differences and working conditions. Within a foreign country that is on the other side of the world, it is difficult to have a productive workforce that can work 24 hours a day, 7 days a week, to be on call during American business hours. These demands can lead to poor working conditions and a not so qualified workforce. To help solve some of these issues major corporations have also outsourced their management teams and most of their business operations, which in turn reduces their management and business operations here within the United States.
Perhaps they believe that the employees are contributing to the revenue losses and are stealing merchandise. These are all self destructive in nature and could impact their ability to remain in business and keep good employees. Making the decision to close two stores without adequate justification drastically reduces it footprint in the market place. It appears that either the store supervisor or manager is not engaged with the employees and consumers; do not have sufficient training on company ethics policies to enforce them; or they do not have a fully robust ethics program in place to address to ongoing issues. PART B Company Q can take some immediate steps which I believe would turn a downward trend in to positive results.
However, Tanglewood has encountered some challenges. The corporate staffing function has not been strong, and the role of corporate HR is to primarily act as an advisor to each regional manager. Moreover, the growing number of stores means that local leadership is becoming inefficient. The need for a central planning body in staffing is seen as an important way to maintain the Tanglewood experience, and centralization will serve to create staffing operations efficiencies. Case One: Tanglewood Stores and Staffing Strategy The staffing strategy requires making key decisions about acquisition, deployment and retention of Tanglewood’s workforce.
Ethics Paper MGT498 Ethics Paper One of the biggest things that big named organizations sometimes tend to forget is that when difficult decisions must be made, they affect everyone within that organization. Whether it be budget cuts leading to loss of hours or layoffs, lower stocks percentages for the shareholders or it can even change things positively, and require more production of hiring. Either way, when issues come up and things change, it is important to keep everyone involved well informed and made in the best interest of those directly affected. In the business world, corporations have a responsibility to the employees as well as the stakeholders to be ethical in their decision making by staying true to their beliefs and behavior to society. When unethical decisions are made, everyone involved in the corporation and its well being are affected in a negative way and will jeopardize the well being of the business.
Legal and regulatory forces are laws that protect consumers and competition and government regulations that affect marketing. With legal and regulatory forces in place, they heavily affect global markets since they do not have a set structure of a central law system. Because of this, there may be hundreds of different laws and regulations in place that could partially prevent companies from expanding globally. Important legal questions related to antitrust rules, labor relations, patents, copyrights, trade practices, taxes, product liability, child labor, prison labor, and other issues are written and interpreted differently country by country. Businesses are required to follow U.S. laws and regulations when conducting any type of business around the world.