Using first the PEST analysis and then the SWOT we will have an image which will prove useful for our project, avoiding taking actions that are doomed to failure from the start, for reasons beyond our control. PEST Analysis PEST is an analysis of the external macro environment in which a business operates. These are often factors which are beyond the control or influence of a business, however are important to be aware of when doing product development, business or strategy planning.7 The PEST analysis is based on 4 factors that can influence a company work: Political, Economic, Social, and Technologicalfactors. We are taking in consideration PEST analysis because it can be useful to the Hilton Hotel from Bucharest and could play an important role in the value creation opportunities of its strategy. Political factors: This factor has an enormous influence on Hilton Hotel strategy.
International Legal and Ethical Issues Law 421 International Legal and Ethical Issues When conducting business in another country corporations may run into many ethical and legal problems. The way things are done in one country may be total opposite from another country. This is the reason why there are international conventions and courts. Although there is international conventions not all countries have signed up to be a part of these conventions. Many ethical issues may arise when conducting international business.
Trade is what drives economies and policy. To maintain and improve quality of life, which, in my opinion, should be the objective of any civilization, it must take into account globalization. To follow the Monroe Doctrine in our world today, would make life as we know it extremely difficult to sustain. However, isolating ourselves from the rest of the world could prove
it allowed to incorporate any changes required in the implementation schedule While considering whether to implement ERP in stages or big-bang, there are some factors which Tektronix looked at. They were: * Urgency of implementation- When the deadline for implementation and going live is critical, a big-bang approach is more suitable * Risk involved- Companies with an appetite for high risk can go in for a big-bang implementation * Prior experience of such implementation- If the firm has no such experience, phased implementation is more feasible 2. How did Tektronix manage the risks of ERP implementation? * Implemented single-vendor, tried-and-tested ERP package instead of developing it in-house * Phased implementation of ERP mitigated risk as compared to big-bang approach * Consultants who were well-versed with Oracle were called in. Ex: Aris Consulting and Oracle itself * Business processes were reengineered to suit the
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.
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.
Consider, for example, the role of the board and audit committee in ensuring that risks facing the organization are identified and adequately addressed. While line management is responsible for managing risks, it is important to establish facilitator roles and a process to help analyze and prompt discussion of new or emerging risks. As sponsors of the risk assessment, the board and audit committee need to designate an appropriate process owner, such as a chief risk officer or a risk facilitator. This process owner must in turn engage the relevant parties (e.g., division general managers, business and line managers, and functional process owners) who are closest to the business activities and best understand business processes. It’s then up to these parties to analyze internal and external information, identify risks that impact business objectives, and determine the appropriate responses for dealing with these new or evolving risks.
1. Synopsis Change is the only permanent thing. Emerging market trends, customer preferences, nature/force/direction of competition and technological advancement requires organizations to change themselves if they want to survive. Change though is imperative for survival can backfire when not managed properly. Responding to change is important but managing the change is equally important if not more important.
Cultural issues within global organizations When doing business in a global organization it is very important for one to understand the cultural issues that one might face during the processes of doing business. By understanding what it is, is the key component in any successful business. What works well in your country might not work well in another. By understanding the different roles is the best key to success. It is vital for a global organization to understand obstacles in managing international businesses such as the difference in language, culture, religion and traditions within the country.
They expected to become as successfull as in Indonesia as long as they keep consistent on their standard quality for their product. To operate internationally, Cimory must understand the international marketing environment that concerns on the international trade system, economic environment, political-legal environment, and cultural environment. LOOKING AT THE GLOBAL MARKETING ENVIRONMENT When selling to another country, Cimory may face restrictions on trade between nations. The restrictions are in the form of government regulations. The company may face tariffs, taxes on certain imported products designed to raise revenue or protect local firms.