Importance of control Q.3. Describe the Importance of Control. Importance of Control The major benefits of a good control system may enlisted as follow: 1. Stimulates Action A good control system stimulates action by spotting the significant deviations from the original plan and by highlighting them for the people who set thing right i.e.‚ who can take corrective action. Thus‚ it guides and keeps the organization’s operations on the right back. 2. Facilities Decentralization and Coordination
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“The majority is always right”‚ that is what people believe‚ but not in my opinion. Fortunately‚ this wasn’t always the solution as the opinions of great men in history altered the way we live life nowadays. These great men stood up with their opinions and theories of different topics and subjects including warfare and science against opposing majorities and eventually won them over. One of these men‚ and the greatest of them all‚ is our prophet Mohammed (PBUH)‚ the greatest leader and role model
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Running head: Cemex’s Foreign Direct Investment Cemex Foreign Direct Investment Jeff Panian Davenport University Abstract Cemex is one of the fastest growing cement manufacturers in the world. Starting out more than a decade ago Cemex‚ “has transformed itself from a primarily Mexican operation into the third-largest cement company in the world” (Hill‚ 2008). The success of Cemex has been attributed to its skills in customer service‚ marketing‚ information technology
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-404495233680 Assignment II Creating value from internationalization CEMEX International Business Strategy Academic year 2014-2015 What benefits have CEMEX and the other global competitors in cement derived from globalization? To answer this question‚ we used the ADDING framework (HBS Press 2007). This framework consists of six components of value creation. The first one is “adding volume”. In the 1980’s‚ CEMEX refocused its strategy on growth through acquisitions instead of continuing to
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“Cemex: Global Growth Through Superior Information Capabilities” 1. In an article on competitive advantage through better use of information‚ strategy guru Michael Porter and his co-author Victor Miller presented the following 2x2 matrix. The implication of the matrix is that you can improve your performance by increasing the intensity of information in your value chain (i.e.‚ business processes) and products/services. In which quadrant would you place Cemex? Why? 2. How has Cemex
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1. What benefits have CEMEX and the other global competitors in cement derived from globalization? More broadly‚ how can cross-border activities add value in an industry as apparently localized as cement? (Question for Analysis) The oligopolistic nature of the cement business dictates the limited notion of business strategy‚ however CEMEX‚ one of very few cement producers found that through globalization‚ a variety of benefits can be obtained and utilized to their own. Expanding to the global
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recommendations would you make to CEMEX regarding its globalization strategy going forward? In particular‚ on what kind of countries should it focus its future expansion? CEMEX expansion is a process where the company performs its due diligence and the aim of expanding into a country with a large population and high population growth. As the text stated CEMEX should continue to focus on developing Asian economies‚ Central America‚ the Caribbean and Sub-Saharan Africa. CEMEX should keep its eye on China
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CEMEX is the largest cement manufacturer in Mexico and the third largest in the world. The current status of the company shows that it has expanded its business worldwide‚ in both northern and southern America‚ the Caribbean ‚ Europe ‚ Middle East and South East Asia . Despite the technological maturity and unique culture of the cement industry CEMEX and all the other competitors in the market have benefited from the process of globalization. According to the adding model template CEMEX
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What benefits have CEMEX and the other global competitors in cement derived from globalization? More broadly‚ how can cross-border activities add value in an industry as apparently localized as cement? - Reduction of tariffs associated with exporting - Due to internationalization these companies have been able to spread their risk. Therefore‚ if one market is not performing they can rely on the other (diversification) - Talent across markets - Ability to identify new emerging markets and having
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Corporate Social Responsibility: A closer look at the social performance of CEMEX The relationship between natural environment and industries has often been named ‘dysfunctional’. An increase in the levels of awareness of the society towards activities of companies‚ both positive and negative‚ has pushed corporations to address to their corporate social responsibilities. Industrial Pollution has been a concern for the society. The effects of companies’ actions on the environment are constantly
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