International Journal of Business and Social Science Vol. 2 No. 11 [Special Issue - June 2011] A SWOT Study of the Development Strategy of Haier Group as One of the Most Successful Chinese Enterprises Xia Chan Postgraduate Student of Business English School of English for International Business Guangdong University of Foreign Studies‚ Guangzhou 510420‚ China E-mail: chanbao710@126.com Abstract This paper puts forward a complete and comprehensive SWOT development strategy model on the basis
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International Journal of Business and Social Science Vol. 2 No. 13 [Special Issue - July 2011] Defensive and Offensive Strategies for Market Success Dr. Peter Yannopoulos Associate Professor Brock University‚ St. Catharines Ontario‚ Canada‚ L2S 3A1 E-mail: pyannopoulos@brocku.ca Tel: (905) 688-5550 ext. 3909 Abstract In industries in which there is strategic interaction among competing firms‚ companies are continuously involved in defensive and offensive strategies. In this paper we discuss
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The role of economic science in global business The term "science" reminds us of the most mathematics and everything connected with it. For some reasons this is quite right‚ but economics is a science which deals with the rational use of all resources available to human. This applies not only money‚ but other resources as well. Economics consists of two main divisions - microeconomics and macroeconomics. Quite often some economists also treat as a division the International Economic Relationship
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1. Introduction Allianz AG is a multinational German banking and insurance group‚ which was founded in Berlin in 1890. Allianz has today their headquarters in Munich. With a staff of over 120‚000 worldwide‚ Allianz is considered as one of the world’s largest insurance companies. Their goal is to achieve and becoming the most trusted global financial services provider. Allianz core business can be divided in to three areas: • Property and casualty insurance. • Life and health insurance
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The Bribery Scandal at Siemens AG Analysis This case discusses the bribery scandals that were unearthed at Siemens AG in 2006 and 2007. There were a series of scandals that involved some of the company’s employees bribing foreign officials to gain contracts and creating slush funds for this purpose. Siemens agreed to pay €1 billion towards settlement of corruption charges $800 million of which was a fine imposed by U.S. in addition to the billions of euro paid in fines‚ back taxes and late interest
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Palfinger’s AG – Property‚ Plant‚ and Equipment a.) Palfinger’s property would include the property that they have to store the forklifts and other large inventory that they have on. The equipment would include all equipment that is necessary to make the inventory that they sell such as the cranes. b.) This number represents the total of the plant‚ property‚ and equipment that Palfinger has. This number should be recorded as the historical cost that the plant‚ property and equipment was purchased
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capital that is needed to open a franchise. The franchise model has allowed companies to compete on a growing global level. The QSR companies have extended operations into Europe to take advantage of their affluent population‚ as well as‚ growing business in China and India as American brand image becomes more popular. Due to US saturation of the QSR‚ firms have found it prudent to expand into these oversea markets. The demand for these restaurants is not fragmented as the customers are price sensitive
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Md Haque BUS 685 Case 1 – The Bribery Scandal at Siemens AG Analysis: On November 15‚ 2006‚ five Siemens employees were taken into custody in connection with suspected bribery‚ tax evasion and embezzlement of company funds related investigation. Police raided 30 offices and private homes in Germany. The authorities found €420M of questionable payments made over a seven year period from 1999 to 2006. Siemens documents reflected the questionable payments were made to external consultants. The
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In order to translate these theoretical assumptions to the practice‚ the Lufthansa Technik AG is advised to implement the following steps: ● Include all subsidiary CEOs in defining the role of subsidiaries in the Lufthansa Technik AG business in order to clarify the status of each autonomy and mitigate the effect of unbalanced level of autonomy of subsidiaries; ● Increase HQ control in the areas such as subsidiary
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1. • In your opinion‚ is “bribing” unethical & illegal or just a cost of doing business? Discuss this in light of Siemens’ bribery scandal. We believe that bribing is unethical because it takes away the fairness of a business transaction between bidders of a contract. Bribing also has a negative impact on competition because it allows for oligopolies and monopolies to emerge in an industry due to smaller competitors being unable to financially compete with the amount of the bribes. This in
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