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.
This money could be used to fund next generation equipment for their military technology and even for society. Like it says in document 3 “ What china’s leaders really want is that the next generation of underwear and airplane wings not just be “made in China” but also be “designed in China” and that’s where things are heading. So in the next 30 years we will have gone from “sold in China” to “made in China” to “designed in China” to dreamed up in China”. Last, but definitely not least is the very society of China. China is getting better and better by the second.
With current successful operations in Hangzhou, China, Riordan now has plans on continually expand its manufacturing operations in China. Although it may sound and potentially be a swell idea, there are many political risks that Riordan Manufacturing will have to overcome. The number one political risk Riordan will be faced with will be government interference due to being a foreign company. The major interferences can be from nationalization of industries through asset confiscation, currency inconvertibility, to contract repudiation with respect to government owned firms. Just these three political interferences could eventually seal the fate of Riordan Manufacturing operating abroad.
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?
An example of this is China. They realised that they may need to import fossil fuels from the Middle East in the future so they have started to build good relationships with countries from the Middle East. Although they did not have any long-standing strategic interests in the Middle East they realise that the relationship between them and the region where most of its oil comes from is becoming increasingly important. One of the key components to them forming good relationships with the Middle East is by cultivating with Saudi Arabia. While China have been doing this the countries In the Middle East with the oil have been trying to shift away from having a customer base from over dependence on the Western market and so they have been looking at rapidly growing markets like China.
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
The lack of the monetary power is a key factor in making important business decisions. Should they be passive in this project? B. Micro: 1. The general manager needs to have a profitable year. Two years in a row without the desired profit numbers, will not look good for his business advancement and his career.
And the manufacturer becomes the serf, the vassal, the underling who has to do the bidding of the retailer. That's a new thing (Smith). If a company can't produce what Wal-Mart wants at a price Wal-Mart feels is attainable, they go elsewhere; in most cases that is to China. As Dicker states, "China provides a combination of political stability, sturdy infrastructure, and a labor force willing to work for pennies an hour" (118-119). If major United States manufacturing firms are being cut out of the equation, small town companies could never hope to conduct business with Wal-Mart.
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.
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.