While some of its stockholders concern potential violations of laws and human rights, the company says they “take appropriate step” to strictly follow the Indonesian and American law to give profit to military and bring a secure working environment for the employees. The mine in Papua becomes an important chance for the military to get huge profit. For safety propose, Freeport needs military and police to protect them. Freeport has to pay not only “construction cost” to military and police units, but also “living fee” to individual military officers to support their daily life. The New York City pension fund is one of shareholders of Freeport.
In 2007, 81 percent of the U.S. population owned a cell phone, a 20 percent increase compared to 2002.” In a current figures according to MSNBC Sullivan (2008), “The cell phone industry, ... has some 137 million paying customers in the United States…” The growth for phone ownership is off the charts and along with the enormous sales of the units, technology has kept pace. Cell phones of 2008 have gadgets integrated to make them more desirable and can be as powerful as a laptops with some accessories. Cell phones include a variety of useable devices ranging from cameras, GPS, text messaging, mp3 players and access to the internet. With all this built into a device that will fit into the palm, According to Compu-KISS (2008),
The Sarbanes Oxley Act The Sarbanes Oxley Act was passed in 2002 to prevent fraud and discrepancies within the corporate world. Corporate companies have been and will be fined millions of dollars when they are not compliant with the strict guide lines provided by the government. The companies must disclose all financial statement to prevent the tremendous fines. They need to be monitored to keep them honest instead of corrupt. Was this act a step in the right direction to help keep corporations honest?
It started out as a regular 2G phone, and now its move on to 3G, 3GS, and now 4G if your in the right locations. Seeing as how the iphone has been on top for so long then that can only mean the cell phone company the iphone is with is on top with it. That would be at&t which started off a long time ago as cingular wireless. Apple and at&t made a long term deal before the iphone was put on to the market. Now that apple has become one of the top notch sellers of the world they are starting to spread their business horizons.
I believe Union Carbide invested in India because there was a need for their chemical process in that country. They obviously needed the technology, since the Indian government allowed Union Carbide to have a majority ownership (50.9 %) in the plant. The project was also a technology transfer project that would yield profit for Union Carbide. They would establish the plant and transfer their know-how and skills to the Indian workers who would then continue to run the plant. Since India is a third world country and a large market, Union Carbide wanted to partner with them so they could achieve first mover advantages of developing petrochemical plants.
What are the learnings from Sudan experience? Faced with a lawsuit and threats from major investors to sell shares, Talisman experience educated them on their shareholders sensitivity towards controversial investment. Despite all the controversy Talisman learnt from their mistakes which prompted the company to add the International Code of Ethics for Canadian Business to its existing corporate code of ethics, greater emphasis was placed on establishing a Corporate Responsibility (CR) which was especially important in the decision to enter Iraq. There mistake of investing in Sudan impelled Talisman to become signatory of the United Nations Global Compact as well as to the Extractive Industries Transparency Initiative (EITI). Talisman was also the first Canadian firm to join the Voluntary Principles on Security and Human Rights.
EFFECTIVENESS OF CELEBRITY ENDORSEMENT IN PASSENGER CAR SEGMENT I have always wondered if celebrity endorsements really work or should work in case of automobile companies in India. A car purchase in India is the second biggest investment that anyone makes after his/her home and unlike a home, a car is a depreciating asset, hence the decision of buying a particular car or a brand will come after a lot of deliberation, consulting and discussions. It is also the reason that most of us overlook many a things just to play safe and stick with a particular brand, something which has worked really well for Maruti Suzuki. Celebrity endorsement involves astronomical amounts of money and that money can be well spent in pricing the car even more competitively or improving the infrastructure and the after sales support. One might also argue that celebrity endorsement worked in favour of Hyundai for its small hatchback Santro.
Being born and brought up in India, I strongly believe that to be a successful business man in India, a person have to be a fighter and also have some patience for the business plan to take effect. Silvio did not come across as a person who is flexible enough to change his attitude when dealing with different cultures. 2) In a market that is driven by customization, launching of a standard product like S001 might not yield the desired results. 3) Since 1991 Indian market was expanding due to liberal economic policies. The competition in the market was very high amongst the already established brands and Schindler was yet to establish its brand name in the Indian market.
Although British had the victorious win, fighting this war was very expensive. The British wished to cover the cost of the war. The British believed that as they had made America secure and safe, the Americans should bear some of the costs of achieving this security. As a result of this, they enforced Navigation Act and the costs associated with the two new taxes led to protests. A newly-formed Stamp Act Congress formed by delegates from nine colonies objected the British ideas based on the principle of “no taxation without representation.” This was the
Wherever you go, the network follows! Hutch’s famous punch line which was adapted appropriately in its much loved advertisement turned out to be quite a pun as the ‘Merger&Acquisition‘ bug followed and finally caught up with Hutch! Following an entire battle of give and take, Vodafone acquired Hutch for a whopping 10 billion USD! Most of us would be wondering, that why at all a company should acquire a rival? What are the gains and risks involved in the entire transaction and how are mergers different from acquisitions?