Main Cross-Cultural Issues in Managing the Organization Essay - 1

Main Cross-Cultural Issues in Managing the Organization Internationally - Essay Example It is evidently clear from the discussion that Indian management in several organizations give less focus on team-based evaluation they focus on individual targets because they are more concerned to evaluate each worker’s quality work. The retail market in India is projected US$ 26 Billion in 2011 and is expected to grow to US$ 84 Billion by 2016. According to the US commercial services, Indian per capita expenditure on cosmetics is Rs, 30 and the cosmetic industry are growing at the rate of 15% every year. These facts and figures support the product category because the industry is growing, and holds the chance for active cosmetics to step in. Multinationals and local companies are giving much emphasis to workforce management practices. Multinational companies outsource its distribution to the third party. For example, P&G outsource its distribution to Agility logistics. Departmental stores will welcome us like Star India Bazar, Big Bazaar, Max hypermarket, Vishal mega mart, easy day, city mart, which shows that we have a possible chance to excel in the Indian cosmetic market segment. The Indian government supports to the foreign brand (whether imported or locally manufactured) in India is freely allowed and just have to pay up to 2% on export and 1% on domestic sale. India is a large diversified country and to become successful in this market we need to obtain comprehensive localized information. Due to a large market, we will require multiple distributors to cover the whole market. In India, DAC, 1940 (Drug and Cosmetic Act) is followed for the import, sales, manufacturing, and distribution of cosmetics.

Corporate Social Performance (research report) Essay - 1

Corporate Social Performance (research report) - Essay Example CSR activities not only ensure that the company is gaining a positive brand image but it also ensures self-sustainability in the near future. CSR activities now a day have become quite a mainstream phenomenon where most of the well established firms have developed and maintain the concept of social sustainability (Manuel Castelo BrancoLÃ ºcia Lima 2006). CSR can be defined as the relationship between a corporation and the national government and the citizens (McDonald and Rundle-Thiele 2008). It encompasses the positive influence of the organisational activity on the welfare of the nation and its people. In a more streamlined perspective its can be stated that the CSR is the relationship between the corporation and the society (Jones and Wicks 1999). The business firms often undertake responsibility to improve the society that they are operating in. This as a result fosters social support and at the same time creates a sustainable working environment for the organisation to thrive f or a longer period of time. The firms often undertake initiatives like child education for the under privileged, keeping the society clean by the environmental standards (Baumgartner and Ebner 2010). The corporate social responsibility is based on three principles Sustainability, Accountability and Transparency. The sustainability deals with the long term thriving of the organisational activities. It involves taking certain actions in the present that has a positive impact on the future. This suggests that if the resources that are not infinite are being used in the present then they may get exhausted in the future. Sustainability indicates that the organizations must utilize the resources responsibly and should also ensure that they are being generated at a steady rate (Brower and Mahajan 2013). The Accountability of the organisation involves its acknowledgement towards the impact on the environment causing from

Coursework Essay Example | Topics and Well Written Essays - 2000 words

Coursework - Essay Example This paper presents results from a research project aiming at developing an architecture supporting local mobility within hospital. The architecture is based on fieldwork and mostly on the knowledge derived from a large number of reliable sources. The fieldwork has emphasized the differences between remote mobility, where users travel over long distances, and local mobility, where users walk around within a fixed set of building. Based on an in depth study, I conclude that local mobility puts up three requirements for computer support;(i) it should integrate into the existing infrastructure (ii) it should support the use of various heterogeneous devices, and (iii) it should enable seamless application roaming between these devices. The paper describes how these requirements were realized in an architecture for local mobility, and how the architecture can be implemented in the health care domain and the costs involved in it and the various benefits gained from it.

Commercial Aircraft Industry Essay Example | Topics and Well Written Essays - 2750 words

Commercial Aircraft Industry - Essay Example This tells just how competitive an industry really is. A market structure defines the condition of a prevailing market and identifies how it is made up in terms of Perfect Competition: Large number of firms, with homogenous products, characterizes this and therefore there is no specific preference by the consumer for the product. The barriers of entry are low and so competitors exit in and out of the market. Since there is myriad options for the customers, prices are set by customer demand. Consumers and suppliers have a complete knowledge of the market. In an ideal scenario, a perfectly competitive market on one extreme balances a monopoly on the other. In reality, no such thing as a true perfectly competitive market exists. Let us now consider the other popular types of market structures, monopoly, oligopoly, and monopolistic competition. Monopolistic Competition: Monopolistic competition is a market structure in which many companies operate independent of each other in an industry. In monopolistic competition, there are too many companies and so the primary aim is to attract customers to one's own product specifications. In monopolistic competition due to the large number of firms, the companies can enter the market relatively easily since the barriers of entry are less, although more compared to perfect competition. This makes profit margins low due to the long-term equilibrium Due to the competitions; firms drop prices in order to expand volumes. Monopolistic competition has a normal downward-sloping demand curve. The competing companies in monopolistic competition are forced to vary the price rather than set a stable price and hold it. In monopolistic competition, there are many firms vying for control of one market. Each firm offers a different type of product or differentiate their product to achieve that edge in marketing of their products. Differentiation is a necessity to attract consumers by a parameter beyond the price. Monopoly: A monopoly is a market structure in which, there is only one company that operates within the industry. This generally does not exist, since substitutes in some form emerge usually. Unregulated monopolies with no government ties can generally do whatever they want. After all, there is no one else to offer a different sort of service or a different price. Monopoly may be characterized by high influence on prices and output. Barriers of entry are high and pricing strategies are employed to stifle competition. Monopolies are achieved by being the first in the field, by mergers and acquisitions or being a patent holder or by nationalisation. Complacency may be an issue due to the lack of competition, rendering it inefficient and consumers may be affected by the high pricing power of the firm. Oligopoly: An oligopoly is a market structure in which there are a small number of interdependent companies in the industry. In oligopolies, there are few companies so if you were a company and you made some sort of decision, it will

Ratification of constitution as a result of competing economic Essay

Ratification of constitution as a result of competing economic interests - Essay Example It establishes the fundamental principles of a national government that helps in joining the state in an effective political union. The constitution of the United States serves as an inspiring example making many other countries to emulate some of its provisions. Foner (2012) offered the economic interpretation of the constitution and according to him, the formation of the constitution was as a result of competing economic interests mainly between the federalists and anti-federalists. This paper analyses the debate over ratification of the U.S. constitution that came down to competing economic interests and the extent at which the context is persuasive or not The ratification of the U.S. constitution came down to competing economic interests that existed between the federalists and anti -federalists.This context can either be persuasive or not basing the argument on various explanations given as to why it was ratified. The federalists were individuals whose main economic interests we re connected to personal individual. They supported a strong centralized government and were in favor of the constitution drafting and ratification and they included groups of people like, bankers, merchants, shippers among others. They favored commerce and argued that a stronger federal government would bring about economic growth of the new country. Moreover, the federalist had a pluralistic vision of the society as opposed to anti-federalists this is because they viewed society as being composed of many different and competing interests and groups. An example of federalist doctrine is The Federalist Papers written by Alexander Hamilton, John Jay and James Madison. These doctrines consisted of 82 essays and it was authoritative and great commentary on the constitution. They give a persuasive case for the need a central government for preservation of order and securing the liberty of a large republic. According to Madison ,there are two types of government, republican and democrati c and he preferred a republican one whereby the representatives elected by the people make decisions of government as opposed to democratic government whereby all the citizens are involved in decision making.Madson addressed the issue as to whether or not republican government brought about by constitution is capable of protecting the liberty of the citizens. For him the most problem of democratic government is what he referred to as faction and this problem can best be solved by a republican government by controlling its effects rather than tyranny. He argued that representatives would be more disposed to put into consideration the national interest ahead of a particular interest of the factions and argued that the nature of a large republic like U.S. is likely to naturally frustrate the abilities of a single faction so as to advance its own interests. Therefore the federal papers were in favor of the constitution and Madison saw the large size of United States as a help to the cau se of liberty rather than hinderance.The opponents therefore feared that the strength of the proposed national government would pose a threat to individual’s freedom. On the other, the anti-federalist was against the ratification of the constitution because they saw it as having many problems (Foner, 2012). The anti-federalists saw no need of overthrowing the government that existed as constitution would bring new and untested form of government. They feared that the constitution would

Commercial Aircraft Industry Essay Example | Topics and Well Written Essays - 2750 words

Commercial Aircraft Industry - Essay Example This tells just how competitive an industry really is. A market structure defines the condition of a prevailing market and identifies how it is made up in terms of Perfect Competition: Large number of firms, with homogenous products, characterizes this and therefore there is no specific preference by the consumer for the product. The barriers of entry are low and so competitors exit in and out of the market. Since there is myriad options for the customers, prices are set by customer demand. Consumers and suppliers have a complete knowledge of the market. In an ideal scenario, a perfectly competitive market on one extreme balances a monopoly on the other. In reality, no such thing as a true perfectly competitive market exists. Let us now consider the other popular types of market structures, monopoly, oligopoly, and monopolistic competition. Monopolistic Competition: Monopolistic competition is a market structure in which many companies operate independent of each other in an industry. In monopolistic competition, there are too many companies and so the primary aim is to attract customers to one's own product specifications. In monopolistic competition due to the large number of firms, the companies can enter the market relatively easily since the barriers of entry are less, although more compared to perfect competition. This makes profit margins low due to the long-term equilibrium Due to the competitions; firms drop prices in order to expand volumes. Monopolistic competition has a normal downward-sloping demand curve. The competing companies in monopolistic competition are forced to vary the price rather than set a stable price and hold it. In monopolistic competition, there are many firms vying for control of one market. Each firm offers a different type of product or differentiate their product to achieve that edge in marketing of their products. Differentiation is a necessity to attract consumers by a parameter beyond the price. Monopoly: A monopoly is a market structure in which, there is only one company that operates within the industry. This generally does not exist, since substitutes in some form emerge usually. Unregulated monopolies with no government ties can generally do whatever they want. After all, there is no one else to offer a different sort of service or a different price. Monopoly may be characterized by high influence on prices and output. Barriers of entry are high and pricing strategies are employed to stifle competition. Monopolies are achieved by being the first in the field, by mergers and acquisitions or being a patent holder or by nationalisation. Complacency may be an issue due to the lack of competition, rendering it inefficient and consumers may be affected by the high pricing power of the firm. Oligopoly: An oligopoly is a market structure in which there are a small number of interdependent companies in the industry. In oligopolies, there are few companies so if you were a company and you made some sort of decision, it will

Sustainability and the Balanced Scorecard Essay Example for Free

Sustainability and the Balanced Scorecard Essay Practices that are good for the environment and society may appear to have a negative impact on corporate profitability, but use of the balance scorecard can result in a clearer picture of the relationship among sustainable practices, corporate strategies, and profitability. This article explores three ways that sustainable practices can be incorporated into BSC and discusses issues that should be considered when selecting sustainability related measures, targets, and goals. It also examines ways to enhance both internal and external reporting of sustainability-related performance. Adopting green operating practices is certainly good for the environment, yet the implications of such practices for a business’s profitability may be viewed as both positive and negative. On one hand, by contributing to product differentiation in the market- place and enhancing organizational image to investors and customers (both current and potential), green practices may increase a company’s profitability. On the other hand, green practices may actually reduce profitability because of extra costs that result from implementation and continuation of sustainable practices. For example, installing solar panels on a building may lower monthly electricity bills, but, concomitantly, the reduced electricity bills may be more than offset by the high purchase and installation costs associated with the panels. The sustainability concept now runs rampant in business literature, but, unfortunately, there is no agreed- upon definition of sustainability or its underlying tenets. â€Å"Sustainable† or â€Å"green† practices will be found throughout the operations of a business. These practices can be included in the design features of an organization’s buildings, vendor  selection in the supply chain, production of goods and provision of services, and packaging features and distribution elements of those products and services, and the practices will be a significant consideration in a product’s ultimate disposal. The BSC typically reflect four interrelated perspectives of a company: financial, customer, international business prowess, and learning and growth. Each perspective has a series of performance measures, targets, and goals that reflect the firm’s long-term strategies. The financial perspective takes the viewpoint of the company shareholders and typically uses traditional financial measures such as operating cash flows, return on investment, and changes in operating income over time. The customer perspective addresses product and firm differentiation strategies as well as value creation from the viewpoint of the organizations client base. The international business processes perspective includes measures of the efficiency and the effectiveness of the firms operations. The learning and growth perspective focuses on the creation of organizational value through employees and innovative practices. The first method is to add a fifth perspective to the BSC. It may be the simplest approach for companies that want to emphasize sustainability as a key corporate value or a critical strategy. The sustainability perspective consists of social and environmental performance indicators that link with the other four BSC dimensions and highlights the importance of social, environmental, and economic responsibility as a corporate goal. This approach could allow management to establish less definitive measurements without compromising organizational aggregation. The second approach is sustainability-balanced scorecard (SBSC). A separate SBSC is an appropriate for many companies such as those existing BSC but want to measure or integrate sustainability without the disruption and cost of adopting a full-scale BSC. SBSC include the following four perspectives: sustainability, stakeholders, processes and learning. The sustainability perspective would emphasize the triple bottom line of economic prosperity, environmental quality, and social justice. The stakeholder perspective would  incorporate measures of business ethics, labor practices, and impact on society. The processes perspective would focus on specific organizational external and internal processes products, tools, and systems. The learning perspective would stress organizational synergy, training, and research and development. A strength of the SBSC is that a well-defined corporate sustainability strategy is not essential to its development. The third is integrating sustainability measures throughout the four perspectives. Management has to both define the metrics that are important in measuring progress towards organizational sustainability objectives, and how sustainability (or lack thereof) will affect the future. Incorporating new measures are important the firms financial well being as customer satisfaction, manufacturing cycle efficiency, and patent-generating research and development. The integration method also works well for companies that have adopted a more all-encompassing definition of sustainable practices that includes environmental, health, and social aspects. This article relates to accounting class because of the topics covered such as sustainability, triple bottom reports, return on investment, and balanced scorecard. The article concludes with developing sustainability metrics. These provide tangible guidance to how the strategies implemented help create shareholder value. There are three ways that sustainable practices can be incorporated into the balanced scorecard: adding a fifth perspective to the BSC, a sustainability-balanced scorecard, and integrating sustainability measures throughout the four perspectives. My perspective is, I know how important it is to be not only more â€Å"green† today, but as cost effective as possible. The three methods don’t look too complicated to be implemented. The article states at the end that companies are being pressured by stakeholders to become more transparent, and such transparency is becoming the norm rather than the exception. The 2008 KPMG international survey of corporate responsibility reporting found that, in 2008, nearly 80% of the worlds largest 250 companies issued some type of responsibility report. These responsibility reports included governance, ethical, environmental and social issues. It is now more important than ever to go green.