Porter’s work is recognized in many governments‚ corporations and academic circles globally. He chairs Harvard Business School’s program dedicated for newly appointed CEOs of very large corporations. Michael Porter’s core field is competition and company strategy. He is generally recognized as the father of the modern strategy field‚ and his ideas are taught in virtually every business school in the world. His work has also re-defined thinking about competitiveness‚ economic development‚ economically
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your investment is confiscated and you would not get paid. Ex. Uganda. It can be expensive because of the cost of expatriates. And what happens if you can’t work the local people or find a local workforce. Pricy to expand company to another country 4. Name three reasons that licensing may not be an attractive option. a. Export – people who manuf. a lot in their own country‚ economies of scale – more you produce the less it cost per item‚ reach a critical mass because you have enough storage for
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“Business environment encompasses all those factors that affect a company ’s operations; including customers‚ competitors‚ suppliers‚ distributors‚ industry trends‚ substitutes‚ regulations‚ government activities‚ the economy‚ demographics‚ social and cultural factors‚ innovations‚ and technological developments. It may also be referred to as Operating environment.” (Quantum3‚ 2012) “The definition of business environment means all of the internal and external factors that affect how the company
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Chapter 1: 1 Charlie’s approach to quality and service will affect his company’s performance in an excellent way. He is the first to arrive at his office. His head is full of ideas‚ and his heart is full of confidence. He clearly knows his colleagues’ strengths and what’s expected of them for their jobs. He could build on his strengths by traveling with each of the sales reps and coaching them. Inez‚ the owner of the company‚ offers him the first sales manager of the company‚ since he is far and
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the principal means through which financial information is communicated to those outside an enterprise. True 3. Users of the financial information provided by a company use that information to make capital allocation decisions. True 4. An effective process of capital allocation promotes productivity and provides an efficient market for buying and selling securities and obtaining and granting credit. True 5. Financial reports in the early 21st century did not provide any information
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Unit 2 Task 4 There are many different types of software that a company can use to their advantage. My company can make a massive use of spread sheets‚ for this I will use Microsoft Excel as this is the software that easily available. With this software I will be able create many things including a Cash Flow diagram (Appendix 1). This will allow me to then work out efficiently the costs of the business‚ the income of the business and the cash flow throughout the months. This software will also
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Microeconomic Issues – Question 2 – Ethical Issues in Business Unfortunately‚ today’s business world is full of companies making unethical decisions or sparking controversy by taking publicly announcing their stance on specific moral or religious issues. One recent specific example that made quite a splash in the national media as well as in the stomachs of the public involved the popular fast-food chain Chic-fil-A. This past summer‚ Chic-fil-A’s COO Dan Cathy publicly affirmed his opposition
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Unit title: BUSINESS SCM-3M-B5 ▪ Option Taken: OPTION B ▪ Assessment Criteria: OPTION B ▪ Name: MARIA ROSA MARCO CABANES ▪ IoSCM Membership Number: 01684 ▪ Your email address: rosa.marcO@LIVE.COM ▪ Assessment Criteria File 5/7 ▪ Page 1/8 Produce a piece of work which includes the following information; 1. A description of three roles
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Chapter four begins with the opposing side’s lawyer saying that Meursault showed absolutely no sympathy for committing this murder and that he is a very smart man. Both of these reasons are good enough to charge him with premeditated murder. However‚ from what we know of Meursault‚ showing emotion towards this death would not be him. Meursault is incapable of feeling human emotions or even processing what is happening. He goes from one moment to the next and never looks back. The lawyer then goes
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Current Ethical Issue in Business PHL/323 September 3‚ 2010 Gabriel Lewall Current Ethical Issue in Business In the recent years‚ there are many factors to consider for the way business is conducted‚ for any business small or large. Some factors‚ including the economy‚ competition between companies worldwide‚ technology development‚ the workforce‚ and each person’s individual ethics have played a role in a business’s decisions. In this paper‚ Learning Team “A” will explain a current and
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