Sink or swim: Royal Caribbean Cruises Limited made efforts to adapt to the paradigm shift of Information Technology and its function within the ever-growing cruise line industry Jesse Brothers Abstract Royal Caribbean Cruises Limited (RCCL) was founded in 1969. They currently operate under the brands of Royal Caribbean International‚ Celebrity Cruises and Pullmantor. Predominantly known as the second largest cruise ship company behind Carnival
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report is to illustrate the motives in relation to firm`s desire to locate some production or other activities in a foreign country. In order to do so‚ several theories that seek to explain why FDI takes place will be discussed‚ such as Dunning`s Eclectic Paradigm‚ Vernon`s Life Cycle model‚ the Knickerbocker Model and others. Moreover‚ to evaluate the rationale for FDI‚ references will be made to the case study of Nissan`s automotive investment in North-East England. Theoretical background The most
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will analyze three streams of thought concerning the engagement of firms in Foreign Direct Investment‚ namely Hymer’s Approach‚ the Internalization Theory and Dunning’s Eclectic Paradigm. There is‚ naturally‚ a great deal more to be said about Internationalization of Production‚ but this essay will focus to these three paradigms mainly because of their modernity and also due to limitations of space. The selection of the first two specific schools of thought is because of their significance in their
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The entry of foreign banks into emerging markets: an application of the eclectic theory Janek Uiboupin and Mart Sõrg University of Tartu Abstract In the current paper we discuss the applicability of the eclectic theory in explaining the entry of foreign banks into the Central and Eastern European (CEE) markets. We modify the Dunning’s eclectic model by adding the special case of financial liberalization and timing of foreign entry for emerging markets. In the empirical analysis we use a survey based
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role of firm strategy‚ structure‚ and rivalry; factor conditions; demand conditions and related and supporting industries to Hyundai’s international success? ANS: With many competitors battling for market share‚ carmakers such as Toyota‚ Nissan‚ Honda‚ Hyundai‚ General Motors‚ Ford‚ DaimlerChrysler‚ Renault‚ and Volkswagen operate on relatively thin margins. The automotive industry has been
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smaller companies are better in fact * Any company‚ technological advancement is not important‚ but companies with advanced technologies are better * Use theories to explain the internationalisation(Findings) * Use Dunning Eclectic Paradigm (OLI) definitely. * Use Learning Theories of Internationalisation definitely. * Choose at least on from Vernon’s PLC‚ Porter’s Diamond and Network Theories of Internationalisation * This means you need to cover at
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Section 1 – introduction Section 1.1 – Executive summary Section 1.2 – Introduction to report Section 2 – Theoretical background Section 2.1 – Theories Section 2.2 – India Section 2.3 – McDonald’s in India Section 2.4 – Dunning Eclectric Paradigm applied Section 2.5 – Vernon Life-Cycle applied Section 3 – eMPIRICAL EVIDENCE Section 3.1 - Findings Section 4 – iNTERPRETATION/DISCUSSION Section 4.1 – Interpretation/discussion Section 5 – conclusion Section 5.1 – Conclusion
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The eclectic paradigm is a theory in economics and is also known as the OLI-Model or OLI-Framework.[1][2] It is a further development of the theory of internalization and published by John H. Dunning in 1980.[3] The theory of internalization itself is based on the transaction cost theory.[3] This theory says that transactions are made within an institution if the transaction costs on the free market are higher than the internal costs. This process is called internalization.[3] For Dunning‚ not
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Contents TOC \o "1-3" \h \z \u 1. Introduction PAGEREF _Toc389290771 \h 12. Theoretical framework PAGEREF _Toc389290772 \h 13. Factors of market selection for transnational corporations in China PAGEREF _Toc389290773 \h 23.1 Factor from inner strategic motivations PAGEREF _Toc389290774 \h 33.1.1 Market-seeking motivation PAGEREF _Toc389290775 \h 43.1.2 Efficiency-seeking motivation PAGEREF _Toc389290776 \h 43.1.3 Resource-seeking motivation PAGEREF _Toc389290777 \h 53.2 Location factors PAGEREF
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have tried to explain the phenomenon of FDI‚ we cannot say there is a generally accepted theory‚ every new evidence adding some new elements and criticism to the previous ones. Keywords: foreign direct investments‚ internalization theory‚ eclectic paradigm JEL Classification: E60‚ F21 Introduction Nowadays the issue of foreign direct investments is being paid more attention‚ both at national and international level. There are many theoretical papers that examine foreign direct investments (FDI)’s
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