JOLLIBEE FOODS CORPORATION: INTERNATIONAL EXPANSION A Case Study CASE BACKGROUND Jollibee Foods Corporation (JFC) is the most successful fast food chain in the Philippines. It started out as an ice cream parlor owned by the Tan family‚ headed by Tony Tan Caktiong (TTC) as President. Brought about by oil crisis which doubled the price of ice cream‚ JFC diversified into hamburgers in the year 1977. Jollibee’s philosophy is epitomized by “Five Fs” – Friendliness‚ Flavorful food‚
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monetary (cash) reward that is contingent on discretion‚ performance or results achieved. There are different types of variable pay plans‚ such as bonus schemes‚ sales incentives (commission)‚ overtime pay‚ and more. An example where this type of compensation plan is prevalent is the real estate industry and real estate agents. A common variable pay plan might be the sales person receives 50% of every dollar they bring in up to a level of revenue at which they then bump up to 85% for every dollar they
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Microsoft Corporation is an American multinational software corporation headquartered in Redmond‚ Washington that develops‚ manufactures‚ licenses‚ and supports a wide range of products and services related to computing. The company was founded by Bill Gates and Paul Allen on April 4‚ 1975. Microsoft is the world’s largest software maker measured by revenues.[3] It is also one of theworld’s most valuable companies.[4] Microsoft was established to develop and sell BASIC interpreters for the Altair
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MODULE 10 International Monetary System Learning Objectives: 1. Explain how exchange rates influence the activities of domestic and international companies. 2. Identify the factors that help determine exchange rates and their impact on business. 3. Describe the primary methods of forecasting exchange rates. 4. Discuss the evolution of the current international monetary system‚ and explain how it operates. Chapter Outline: Introduction How Exchange Rates Influence Business Activities
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globalisation and how this process shapes Multinational Corporations (MNC). It will outline how globalisation is affecting MNC’s International Human Resource Management (IHRM) strategies at four levels‚ global‚ regional‚ national and organizational. It will also consider which approaches can be used to analyse the effects of globalizations on MNC‚ in particular cultural and institutional theories. Lastly‚ the differences and similarities in employment relations systems will be outlined and considered. Throughout
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The International System of Units And its base units PDF generated using the open source mwlib toolkit. See http://code.pediapress.com/ for more information. PDF generated at: Wed‚ 08 May 2013 17:06:00 UTC Contents Articles Overview International System of Units 1 1 20 20 30 35 37 39 39 42 51 69 75 78 82 86 90 90 93 Organisations Metre Convention General Conference on Weights and Measures International Bureau of Weights and Measures International Committee for Weights and Measures
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Over the years‚ Multinational enterprise have matured and developed into large companies that they are now part of our everyday lives. Form the use of mobile phones to the cars‚ personal computers and their software and even the beverage we drink‚ most of these products are supplied by Multinational companies. Their existence has great impact on our lives. In the world today‚ Multinational enterprises are powerful companies and they own resources in excess that most host countries possess. These
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fierce too. Everybody now wants to be a biotechnology hub‚ a supply chain hub or a shared service hub. Malaysian companies face a two types globalization challenge. They need to defend their home turf against large corporations from developed markets‚ and beat them to neighbouring market offering significant growth and cost advantage. The challenge is formidable but the price of failure is global marginalization. In a fast-changing globalised environment‚ the only way is growing competitive. For
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Executive Summary This sourcing strategy report represents the result of our analysis of four potential suppliers both domestic and international in an attempt of the company to outsource many key product components and subassemblies‚ including the 9000x series DVD drives. The identified suppliers include: - Elecom Technologies: a global firm with solid reputation‚ and has price as a competitive edge. Their net sale is 1.5 times more than the other three suppliers combined. - SureTech is a small
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MO358 Strategic Supply Chain Management Global Sourcing- Benefits and challenges for H&M Northumbria University‚ UK Abstract Global sourcing is a technique of strategic sourcing in the global strategy‚ which is an effective approach as a part of organization’s procurement section. The objective of global sourcing is to develop global efficiencies in the delivery of a product or service for the firms achieving a sustainable competitive advantage and this is an important weapon have been
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