Low customer satisfaction is another internal weakness that is crucial to the success of CanGo. Another internal weakness includes severe communication issues within CanGo’s management and employees. External threats such as competition, plays a big role in the future success of CanGo. Your organizations internal organizational strengths such as online growth, and cost advantage offers great potential if properly utilized. Another external threat includes economic slowdown.
Blumberg felt the approach was too direct and halted it. Although, it is disappointing to see misalignment on sales strategies between the two organizations, this is one of the disadvantages of a joint ventures – loss of control. The sales numbers did show there is a demand for the Mark Maker in the U.S. and while, Sterling will not be renewing its contract with Blumberg, it will however be pursuing other agents - strategic alliances and/or joint ventures. Sterling will be cautious to enter into ventures and alliances only with agents that have a similar direct sales strategy. Sterling’s joint venture with Blumberg although not deemed a success, financially, it did provided insight into the entry strategies Sterling should be considering as it looks to expand to the UK as well as the countries who have enquired about selling and manufacturing Mark Maker’s.
This advantage is most especially important in the technologies sector, in which a definitive product of specific design or purpose sets the standards for which other organizations can find most difficult to match. Though designs may be similiar in style, the cause of entering into an untapped “arena” may provide unparalled precedence in the industry. Additionally, being a first mover provides the organization the ability to set pricing at whichever value suffices its tactical goals (primary goals), as well as an enhanced demand for a rather new and innovative product. However, the problem with being a first mover is actually based upon the contrary to what is mentioned above. Without prior market penetration of an organization’s competetitors, the usefulness and effectiveness of properly marketing a new product or service can be quite burdensome.
With headquarters in North America, Latin America, Mexico, Europe, the Mid-East, and Africa, PepsiCo encounters various obstacles and prospects. One key area is the individualism and collectivism between differing areas of the world. The offices in North America have stronger individualism and look out for their immediate family and have higher GNP. Although, those with collective thinking including South America and Indonesia tend to have lower GNP and look after each other in exchange for allegiance (Hodgetts, Luthans, & Doh, p. 102, 2006). As PepsiCo and Riordan work in many areas across the world, understanding this helps define the different personal value patterns and effectively work toward cross-cultural teams to bridge the gaps.
One could argue though, that receiving a five year employment borderlines financial benefits especially given the worsening financial position of Pharma. Adams and Barker also lacked diligence in investigating the proposal, decision, and transaction and never consulted outside experts. “Directors’ and officers’ decision-making procedures must be set up in a way that allows careful decisions to be made regarding the best interests of the corporation”. (The Legal Environment of Business, 2011) The argument could be made both ways about protection by the business judgment rule concerning rational belief. For Pharma to survive and become viable it was obvious that some decisions had to be made, but was the sale of the assets in the best interest of the corporation, or was it in the best interest of Adams and Barker?
Time management is very important in all aspects of life. If you do not have positive in this area, you will fail to accomplish specific goals, and benchmarks. Again, you must hold yourself accountable to be disciplined enough to manage your time wisely. The consideration and respect you show others is a big aspect of this area. People typically demand respect before giving it.
If a company is wanting to expand their market to another country that has different cultures, languages or religious beliefs it must become familiar with these differences. Without this knowledge marketing and sales would be very unsuccessful. Personally I have seen how the world has been impacted by global and diversity awareness through Facebook. After 9-11, posts on Facebook seemed very Americanized and even harsh towards any middle eastern culture. People could hardly tell the difference between the cultures and negative comments were vague.
Abstract Technology's purpose should be to provide support and help improve people's and organization's lives. Even though there are positive and negative sides to its use, it is important to see technology as an empowerment tool. Human Services organizations face day to day challenges while trying to help people to develop and achieve better-living conditions. In this regard, software can be an enhancer of objectives they pursue. There are advantages and some disadvantages when implementing this kind of instrument, but in the end, the success and extent of the use of technology depends on the particular organization's needs and demands.
Pirates of Globalization: Questions 1 through 3 on page 103 Thinking Globally 1. Do you think that the international business community is being too lax about the abuse of intellectual property rights? Are international companies simply afraid to speak out for fear of jeopardizing access to attractive markets? Laws in some countries are softer than the laws in other (Wild and Wild, 2013, P. 89). There is anti-piracy laws promulgated but unfortunately not observed strictly enough to control piracy.
* Brill’s proposed organizational changes to create Eurobrand teams will be perceived as a direct challenge to the country manager’s local authority levels. * Concern about the effectiveness due to the team size (upwards of 12). Analysis: The market structures and taste differ to a large extend in different European countries. The wounds of the “Podcafe” and the frozen fruit juice line debacle are still fresh in the minds of Corporate in Kalamazoo. Lora Brill had an uphill task of balancing the company’s interests with the urge to become a market mover.