Iqbaljit S. Kahlon Pietro Veronesi VALE Global Risk Management in Mining1 July 3‚ 2011 It is mid 2010 and Pedro Zinner‚ Global Head of Corporate Risk Management of Vale‚ is mulling over the next move of Vale with respect to its highly publicized‚ enterprise-wide risk management system that he led and supported in the development since mid 2004. Over the last decade‚ Vale S.A.‚ a Fortune 500 Brazilian mining multinational company‚ experienced a very sustained growth‚ placing itself as the
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Outsourcing and Managing a Global Team 1. What is outsourcing? What are the benefits of outsourcing? The author presents the process of outsourcing as the ability to take a specific and limited task or function performed within one company and having the same function performed by another company in a sort of complementarity. The outsourced task is then reintegrated back into the overall operation. Essentially outsourcing is a common way for many companies to hire efficient employees for a very
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Chapter 7 Managing risk Chapter Outline 1. Risk Management Process 2. Step 1: Risk Identification 3. Step 2: Risk Assessment A. Scenario Analysis B. Probability Analysis 4. Step 3: Risk Response Development A. Mitigating Risk B. Avoiding Risk C. Transferring Risk D. Sharing Risk E. Retaining Risk 5. Contingency Planning A. Technical Risks B. Schedule Risks C. Cost Risks D. Funding Risks 6. Contingency Funding and Time Buffers A. Budget Reserves B. Management Reserves C. Time Buffers 7. Step
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Managing Foreign Exchange Risk Everything about the deal was acceptable to PEMEX and Hyundai in September‚ 2010. The final negotiated price for 7500 new Hyundai “Aguila” automobiles was 58 Billion KRW (Korean Won). Payment was expected upon delivery‚ scheduled for exactly twelve months later. As PEMEX CFO Carlos Trevino saw it‚ there was one major concern: foreign exchange risk. A decision had to be made fast‚ due to the operating contract with the Mexican Government and Mexico City officials
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Strategies for managing global teams Introduction Globalization‚ advances in information and communication technologies and increased competition have forced organizations to use virtual teams in business and produce more rapidly‚ more effectively and more efficiently. It is the call of the hour to put together different capabilities and services across the globe and through cooperation between suppliers and customers achieve the firm’s objective with high quality. A virtual team is a group
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Global Financing and Exchange Rate Mechanisms Paper Global finance operations include financial procedures‚ such as accounting‚ financial planning and analysis‚ strategic planning‚ treasury‚ investor relations‚ and financial compliance. Exchange rate is the existing market cost for which one currency can be exchanged for another (Moffatt‚ n.d.). For instance‚ when the U.S. exchange rate for the Japanese Yen is ¥1.10‚ this means that 1 American Dollar can be exchanged for 1.1 Japanese Yen. The
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Chapter 3- Managing in a Global Environment Notes * Today’s companies and managers operate in a borderless world that provides both risks and opportunities * Globalization- Refers to the extent to which trade and investments‚ information‚ ideas‚ and political cooperation flow between countries * The most globalized countries according to one ranking are Belgium‚ Austria‚ the Netherlands‚ Switzerland‚ and Swden * Managers can move their companies into the international arena on a variety
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term funds used by the company to finance its operations 2 2.0 Question 2: Based on your answers in part 1‚ discuss the advantages and disadvantages of using those sources of debt financing over the equity financing for the company. 5 3.0 Question 3: Distinguish between money and capital markets‚ and evaluate any two types of securities traded in the money markets‚ respectively 8 4.0 References 11 1.0 Question 1: Critically comment on the sources of long term funds used by the company
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MGT 500‚ Leading People and Organizations CASE WRITE UP # 3 MANAGING GLOBAL TEAM_GREG JAMES CASE Due March 2‚ 2015 Name: Sultan Ahmad Zarif ID #: 12552 Year: 2015 MANAGING GLOBAL TEAM_GREG JAMES CASE Case Brief Explanation This case is about how leaders should manage their global operations successfully. The case describes a crisis resulted by lack of effective leadership by Greg James who was the global manager at Sun Microsystems‚ Inc. (Sun) across India‚ UAE‚ France and
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key documents (L/C Letter of Credit ‚ Bill of lading ‚ Draft) constitute a system developed and modified over centuries to protect both importer and exporter from the risk of noncompletion and foreign exchange risk as well as to provide means of financing. Protect against risk of noncompletion Protect against forign exchange risk Finance the trade Key doctuments
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