Term Paper: Of Cultural Forces, We Identified

Pages: 8 (2947 words)  ·  Bibliography Sources: 1+  ·  Level: Master's  ·  Topic: Business - Ethics  ·  Buy This Paper

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[. . .] Seeing as how busy associates of Congress along with various regime bureaucrats frequently happen to be, gaining admission poses a key test. Certain petitioning groups make use of such persons to get admission. Actor Michael J. Fox, an instance of a person has lobbied for more support for Parkinson's disease investigation. Both Angelina Jolie and Bono have also effectively petitioned Congress for their causes (Interest Groups, 2014).

Samsung's existence in America is increasing on all fronts, from its enormous Smartphone sales statistics to its intentioned 1.1 million sq. ft. property in Silicon Valley. Currently Bloomberg is reporting that has followed suit in Washington, increasing its petitioning outlay from 150000 dollars in the year 2011 to nine hundred thousand dollars in just one year. The 598 million dollars in compensations that Samsung must pay Apple in America doubtlessly is one aspect of the whole, although accordingly is the mounting existence in America as an overall tendency toward more petitioning expenditure by key technology corporations. Samsung articulates that the rise is "a judicious move which is part of everyday commercial processes" and its "pledge to transparency." And while it's a large upturn, $900,000 is still just fifty percent of what Apple expended, and tiny potatoes in comparison to Google and Microsoft, which shelled out $18.2 million and$8.1 million one-to-one in the previous year (Blagdon, 2013).

Alliance

Tactical coalitions are partnerships wherein2 or more corporations work with one another to realize goals that are equally advantageous. Businesses may allocate means, info, competences and dangers to realize this. Producer's Source says that a joint motive for becoming part of a tactical coalition is to get the benefit of a different business's novel ties minus the need to invest in novel R&D. Though businesses have used acquirement to achieve a few of these objectives previously, creating a tactical coalition is more cost-effective (Czaja, 2014).

Rebecca Larson, who works as associate Lecturer of Business at Liberty University, says that Starbucks aligned with Barnes and Nobles book shops in the year1993 to deliver internal coffee shops, which was of benefit to each retailer. In 1996, Starbucks aligned with' PepsiCo to bottle, dispense and vend the well-liked drinks, which had coffee in them, Frappacino. An alliance between Starbucks and United Airlines has allowed their coffee to be served on journeys with the Starbucks symbol on the goblets and an association with Kraft foods has occasioned in Starbucks coffee being promoted in shops selling groceries. In 2006, Starbucks joined hands with the NAACP, only to spread the business's and the NAACP's objectives of community and financial justice (Czaja, 2014).

Describe three of the strategies for international business that organizations have used and give a concrete example of a company using that strategy. State the limitations and advantages of each strategy.

1.

Strategic Alliance

A tactical association in trade is a trade connection among 2 or more businesses to achieve otherwise unobtainable objectives. Tactical coalitions are often molded in the worldwide marketplace between companies that operate in different districts of the world (Grimsley, 2006). Examples include the tactical coalition between Hewlett-Packard and Disney.

Administrative benefits: Tactical associates can also aid you in enhancing your productive capacity, offer a delivery system, or spread your supply chain. This works well for companies that are relatively new or untested in a particular industry. Having a tactical associate who is renowned and appreciated adds legality and your venture becomes credible (Grimsley, 2006).

Political benefits: Starting tactical coalitions with politically prominent associates help to develop your own power and position (Grimsley, 2006).

Drawbacks

There are 7 drawbacks including language & cultural hurdles, varied/contradictory functioning methods, laborious problems, distrust, personality clashes, contradictory objectives and over-dependence on other firms.

2. Joint Ventures

Overseas combined undertakings provide the global firm with improved control over processes and also entry to native marketplace expertise. Such a contract is most popular in global supervision. Furthermore, the existence of the native firm enables the amalgamation of the global firm in an overseas setting (Killing J.P. 1982).

Mitsubishi Heavy Industries, mainly an engineering, company and Mitsubishi group's own operating business controlled all its promotion, first got into combined undertakings with Caterpillar Tractor and then Borg-Warner. Now, the motor-powered automobiles division of Mitsubishi, a distinct business, has set up a combined undertaking with Chrysler which initially had 15% participation but an opportunity to growth is to 35%.

Advantages

Liability

Associates in an alignment and combined undertaking have limitless obligation for corporation commitments and requirements. Additionally, partners are accountable for the neglectful acts that its partners do (Carter, 2013).

Taxes

Assessment is a benefit for partners of a combined undertaking and a partnership. Additionally, corporate losses stated on an associate's taxes can be used to counterbalance revenue acquired from supplementary sources (Carter, 2013).

Deliberations

Among the key advantages in a partnership and a combined undertaking is the capability to cooperate with other associates when crafting corporate decisions. Partnerships and combined undertakings can espouse whatever supervisory edifice proprietors think appropriate since partnerships are not controlled in an equal manner as corporations (Carter, 2013).

Shortcomings

Struggles and Disagreements

The possibility for struggles and disagreements are some of the main shortcomings existing in a partnership and a combined undertaking. Functioning minus a printed partnership agreement opens the door for a host of struggles to surface between partners (Carter, 2013).

3. Direct investments

As part of this prearrangement, the global company creates uninterrupted speculations in a manufacturing unit in an overseas market. There are two main ways for uninterrupted speculations: businesses are free to make a straight procurement in the owner marketplace or they can grow its individual amenities from the bottom up which is then is known as Greenfield investment. Procurement is less dangerous when compared with Greenfield investment since the results of an acquirement can be assessed more effortlessly and exactly. Greenfield investment is the founding of a fresh solely owned subsidiary. This entry stratagem takes a lot of time because of new operations are required, and because of distribution systems, as well as the need to understand and apply suitable marketing stratagems to contest with competitors in a fresh marketplace (Twarowska & K-kol, 2013).

Advantages

One of the main advantages is that it permits capital to liberally go to whatsoever corporate house has the finest prospects for development in any part of the world. The consequence of this is that, the canniest currency drives the finest companies worldwide; carrying these commodities and facilities to market quicker than if unobstructed FDI was not available (Amadeo, 2011).

An added benefit of FDI is that it can counterbalance the instability made by "hot money." Foreign direct investment takes much more time to start; and its footmark is more enduring in a country (Amadeo, 2011).

Shortcomings

Excessive overseas proprietorship of businesses is a cause for anxiety, particularly in businesses that are tactically significant. Or, they make take money against the corporation's indemnity locally, and advance the funds back to the parental business (Amadeo, 2011).

Bibliography

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Adeel, A. (2012). Ethical Communication in an Organization. Islamabad: Pakistan Institute of Engineering and Applied Sciences.

Amadeo, K. (2011). Trade Policy. Retrieved from USeconomy.com: http://useconomy.about.com/od/tradeterms/g/Foreign-Direct-Investment-FDI-Definition.htm

Blagdon, J. (2013, March 06). Retrieved from The Verge: http://www.theverge.com/2013/3/6/4073354/samsung-boosts-lobbying-spend-by-500-percent-in-2012

Burns, J.M. (1978). Leadership. New York: Harper & Row

Byrne S., Popoff L. (2008). International Joint Ventures Handbook, Baker & McKenzie

Carter, C. (2013). Small Business. Retrieved from Chron.com: http://smallbusiness.chron.com/advantages-disadvantages-joint-ventures-partnership-relationships-24009.html

Czaja, J. (2014). Small Business. Retrieved from Chron.com: http://smallbusiness.chron.com/examples-successful-strategic-alliances-13859.html

Ellay, K. (2009, May 20). Retrieved from Koellay.com: http://www.koellay.com/2009/05/advantages-and-disadvantages-of.html

Geringer J.M., Hebert L. (1989). Control and Performance of International Joint Ventures, Journal of International Business Studies, 20(2), 235-254.

Grimsley, S. (2006). Management. Retrieved from Education Portal: http://education-portal.com/academy/lesson/strategic-alliance-in-business-definition-advantages-disadvantages.html#lesson

Interest Groups. (2014). Retrieved from Sparknotes.com: http://www.sparknotes.com/us-government-and-politics/american-government/interest-groups/section2.rhtml

Killing J.P. (1982, May -- June). How to Make a Global Joint Venture Work, Harvard Business Review, No. 82310.

LaPalombara, J. (2000). Power and Politics in Organizations: Public and Private Sector Comparisons. U.S.: Yale University.

Odell, J.S. (2000). The Negotiation Process and International Economic Organizations. Los Angeles: School of International Relations University of Southern California.

Purpose and Values. (2014). Retrieved from Dell.com: http://www.dell.com/learn/us/en/uscorp1/purpose-and-values

Schwartz, S.H. (2006). Basic Human Values: An Overview. Jerusalem: The Hebrew University of Jerusalem. Retrieved from: http://segr-did2.fmag.unict.it/Allegati/convegno%207-8-10-05/Schwartzpaper.pdf

(2009). Sustainability Report. Japan: Samsung. Retrieved from: http://www.samsung.com/us/aboutsamsung/sustainability/sustainablemanagement/download/SamsungValueCode_ofConduct.pdf

Twarowska, K., & K-kol, M. (2013). International Business Strategy Reasons And Forms Of Expansion Into Foreign Markets. Poland: Active Citizenship by Knowledge Management and Innovation. Retrieved from: http://www.toknowpress.net/ISBN/ [HIDDEN] -02-4/papers/ML13-349.pdf

Wood, B.D. And Waterman, R.W. (1994). Bureaucratic Dynamics: The Role of Bureaucracy in a Democracy. Boulder, CO: Westview. [END OF PREVIEW]

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