principles behind it. Within this course my team members Kristijan‚ Yaniv‚ George and me (Team KUGY) had the opportunity to apply our academic and theoretical understanding and knowledge in an online business simulation game‚ wherein we created our own car business and competed on the European car market fictionally. This paper aims to elucidate the advance of our strategic decision-making‚ observes the reasoning behind it and examines the following implementation of our approach. Founded on the definition
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RETAIL INTERNATIONALIZATION AND THE ROLE OF KNOWLEDGE SHARING – THE CASE OF IKEAs EXPANSION INTO THE RUSSIAN MARKET Anna Jonsson School of Economics and Management Department of Business Administration Lund University e-mail: anna.jonsson@fek.lu.se Abstract Research on the internationalisation process and retail internationalisation acknowledges the relevance of knowledge management and organizational learning‚ even though there is a lack of discussion about the specific constructs and approaches
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Mobile Phone Simulation Pennsylvania State University Team C: Supply Chain Management 301 Professor Jang 05 December 2012 Abstract A simulation of two lines of mobile phones‚ that takes us from design to production and then to yearend sales result. It examines how different design‚ forecast and production affects yearend sales result. Then a board room will provide feedbacks on the result of the sales and productions‚ and what we should watch out for in the future. The simulation shows‚ how
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This essay assignment is the application of the theory‚ concepts and analytical tools of the module international business strategy in the context of a market entry strategy of a real company. the uk firm homebase‚ part of the home retail group‚ proposed analytical study of its market entrance into the brazilian hardware/diy market. Submission Date: 19th november‚ 2012. Word Count: 3‚840 words Name: Clare O’Neill Names: shenran Ma
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Managers have to satisfy the customers by all means like supervising the point of sales. There are various responsibilities which a professional manager has to perform. The very first responsibility is towards the customers. Managers have to satisfy the customers by all means like supervising the point of sales etc. Managers are also responsible towards the employees like giving them pays on time etc. It is the responsibility of the manager to provide a professional atmosphere to the employees
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1. Playing this simulation has helped me understand the interdependent nature of organizational change management. It has highlighted the complex nature of change management that every director or executive must face to keep all the employees of the company onboard. They must do their best to keep the employees together though it may so appear that the employees do not seem to easily agree with one another. Also‚ the discrepancies between the middle-level and tactical-level employees could be though
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Change management simulation As CEO and founder of Spectrum Sunglass Company‚ I want to bring a change in the company that can make the company and its products more environmentally sustainable. To do that‚ I need to convince 20 managers at Spectrum to adopt my initiative in 96 weeks. And I used 85 weeks to reach that goal. Here’s what I did. At the beginning‚ I want to let them be aware of this initiative as soon as possible‚ so my first 3 choices are to issue e-mail notice‚ walk the talk
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group dynamics were such that we did not effectively utilize the resources we had‚ and consequently pooled a very limited amount of information. Rather than minimizing our risk‚ we increased it. I attribute much of our group’s failure at this simulation to process loss‚ which is defined as the problems that arise from lack of effective coordination among group members. A number of factors at play could explain the process loss which led to our counterintuitive results. First and foremost‚ one must
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International Trade Simulation XXXXXXXXXXXXX XECO/212 October 17‚ 2010 I am advising the president of Rodamia recommendations for international trade. International trade is the exchanging of goods and services with one another. Many countries have particular resources that are not obtainable in the other‚ to meet the desires and wants of both countries so they trade. Many advantages and limits are concerned with trading. Benefits occur for each country‚ but there are many additional limits
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* A bank’s remuneration committee should have direct responsibility for the pay of all high-paid employees I believe remuneration committees should not only have direct responsibility for the pay of all high paid employees but they should look at pay across the corporation. I believe this change was introduced in order to sustain a long term value creation for shareholders. * Remuneration and Performance It’ll make a change to the way in which corporations run themselves to some extent because
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