1. The philosophy with regard to pay and working conditions at Alta Gracia might lower costs in the run. As stated in the case, Bozich realizes he has a strong marketing message built around fair labor. As the business grows and becomes more established with building relationships with more colleges, Alta Gracia will gain more profit and this can help lower prices. Bozich already has a foundation build with student groups as well as 350 college campus stores. This has potential to grow with advertisement and word of mouth with his strategy story. This will help the business gain more revenue and eventually help produce lower prices. Alta Gracia should also be able to save some money on their operating costs by avoiding employee turnover and saving on training costs. The case states the pay is competitive, the pay supports families, employees have good and safe working conditions and there is a union. This will keep employees satisfied and help cut costs.
2. If Knights Apparel was a publicly traded enterprise I don't think Bozich would have been able to try the Alta Gracia experiment. If the company was a public enterprise in the Dominican Republic and controlled through public authority they would follow the societal culture and continue to work in an unethical manner. There would be stockholders and other people would have to agree and support the experiment. As stated in the case, the minimum wage in the area is $147 a month, a figure so low that it is insufficient to live on. Most likely if operated as a publicly traded enterprise, he business would demonstrate cultural relativism because clearly it is unethical to pay workers such low wages for their hard labor and performance and they can't even live off the salary being paid.
3. The competition could possibly stand in the way of Alta Gracia becoming successful. The two competitors listed are Nike and Reebok who are two major successful companies well established in the international market....
Thesis: HR management in China
This paper presents the importance of human resource in China as well as what the foreign enterprises should pay attention to. These are the factors to be known to do business in China. China has become one of the fastest-growing economies in the world recently. China has transformed itself from a command economy to a market one. Its management systems have changed in many aspects. China’s market contains foreign enterprises, domestic stated owned companies, and private companies. The human resource systems are extremely different among them. The change in different types of enterprises is in different directions. There are still many problems in human resources management, and to some extend become a restriction for the enterprises.
With the features of competition for talent in the 21st century, human capital has become the most important capital. The training of human resources is extremely important in the survival and development. It plays the key role to maintain the invincible position in the competitive market. There are important questions to be discussed in current Chinese human resource management, including staff-company relations, HR model development and HR strategies. Currently, with the globalization of economy, more and more...
...Term Paper on
Businessanalysis of Readymade Garments industry in context of Complex Strategic environment of Bangladesh
Term Paper on
Businessanalysis of Readymade Garments industry in context of Complex Strategic environment of Bangladesh
MD. Shahin Miah
Department of International Business
Faculty of Business Studies
University of Dhaka
Roll No. 01
2nd Batch (15th Batch BBA)
Department of international Business
University of Dhaka
Date of Submission: 15th April, 2013
This paper reveals the linkage between the strategic factors of Ready Made Garments and Bangladesh itself. In order to analyze business and competitive positions of RMG and Bangladesh, analysis of Bangladesh’s situation as whole is being described and analysis of RMG sector follows that as a supplementary analysis of each other. SWOT analysis, Porters five forces and porter’s diamond has given highest priority for the sake of simple analysis of this complex factor.
An operational business model for RMG sector has been established in the initial part of this paper. In a later part of this paper, nine competitive forces has been established after the discussion of the PEST analysis and the Porters Five forces analysis of the...
...of a global business would be McDonalds or Coca Cola.
Oxfam is a voluntary sector business; private businesses are businesses that are owned by private citizens set out to make a profit; public sector business is a business that has been set up by or taken over by the government, their objectives are to provide for society as well as making a profit; voluntary sector business is a business that is supervised by trustees and their goal is to provide a service to a wider community in need.
The primary sector stage focuses on getting the raw materials of a product. For example, miners will mine for different types of metals. When miners collect enough of a metal they can be sold to buyers.
The secondary sector stage is when the raw materials are made into products that consumers will want to buy. For example, car manufacturers may now use the metal they bought from the miners to make car parts and build cars with them.
The tertiary sector stage is when the finished product gets advertised and sold off to either other businesses or to customers. For example, the car manufacturer can sell their parts to other businesses and can sell their cars to the customers.
Oxfam is a tertiary business that provides a service. When they get donations, they send them to people who are less fortunate. For example, providing food, clothes and water to people living in third world countries...
...Also, the interest of what is hot and trending, whether it be a new flavor or a change in the bottling of a product, the customers demand is what the company must take into consideration when presenting its product to this external stakeholder.
Another external stakeholder who is vital to Coca Cola is the suppliers. The suppliers range from the materials to the packaging company play an essential role in the workings of everyday life within and around Coca Cola. Communication in and around the supply chain through management it helps to keep a well-oiled machine going. The suppliers’ interest or claim in Coca Cola is simple. With Coca Cola as one of its clients, these suppliers stand to run and make a good profit and have continuous business. The quality of the work these suppliers have must meet Coca Cola’s standards. These suppliers insure Coca Cola that their standards are up to par and are inspected. (Dione, 2010).
Competitors are another external stakeholder. Coca Cola has various competitors from Pepsi to 7up (Dione, 2010).. These competitors keep Coca Cola on their toes. The interest these external stakeholders have is making sure they are staying competitive with what Coca Cola is presenting and selling. These competitors do not want to be out sold Coca Cola. What this does for Coca Cola is it keeps them on their toes. Companies that know they have competition are creative and innovative as they try to stay one step ahead of their...
...Interrelationship of Business Functions
This report provides an explanation of the interrelationships of the four key functions of a business. Furthermore, it outlines the effects on the business of the inefficient management of these functions.
Each business has four key functions which support the main goals of the business. These functions include operations, employment relations, marketing and accounting & finance. These functions interact with each other in order to ensure smooth running of the business and also to achieve the business’ objectives. This is known as the interrelationship between the business functions.
The Interrelationship of the Business Functions
The four key functions of a business rely on each other to achieve the goals of the business. The role of operations is to organise the production of goods and services. This involves providing a steady supply of materials, an efficient production of the good or service and distribution of the final output. The employment relations function is a vital to a business. This function ensures that a business has the correct number of staff and also that the staff is trained with the appropriate skills and experience. The marketing function provides a link between the...
ITALY CULTURE ANALYSIS FOR INTERNATIONAL BUSINESS
Table of Contents
1. Introduction 2
2. The Background of Italy 2-3
3. Culture Analysis of the Italy 3
3.1 Italian History Influences to Italy 3-4
3.2 The Religion of Roman Catholicism Impacts in Italy 4
4. Recommendation for doing Global Business in Italy 4-5
4.1 Respect Different cultural customs 5
4.2 Well-managed Cross Culture Management 5-6
4.3 Follow the religion characteristics of Roman Catholic 6
5. Conclusion 6
6. References 7-8
This is an individual assignment to discuss culture characteristics and its effects to a business environment. Thus, this assignment will show the understanding of the culture importance, and providing the methods for cross culture management. For the full-scale of culture application to business environment cognitive competencies, this assignment will discuss the culture characteristics, analyze the culture for international business operation, study the culture synthesis, and then give recommendations according to the applications of business environment in particular. According the requirement of this assignment, I have chosen the country of Italy to complete the tasks of this assignment.
2. The Background of Italy
Italy is a unified peninsula country in the south of Europe, and it looks like...
jchfjcjvjcjvjvhvjvj j j As a salon owner, you may run into issues that require you to step back and examine your own policies, standard operating procedures and ethics. Every time we learn, every time we go through change, we have an opportunity to improve. By approaching each challenge as it arises with a cool head, reason and patience, you give yourself, your business and your staff an opportunity to grow from a challenging experience.
After you are able to gather whatever resources necessary to help you handle an issue facing your salon, your ethics and general operating philosophy will continue to evolve as you as an owner lay out policies and guidelines for what is acceptable and not acceptable. It will be your responsibility to communicate and demonstrate personally to those working with you and for you what your expectations are. But it’s always important to remain open to every situation that arises and trust your instincts that you will do the right thing.
Here are some pointers for managing ethical issues and conflict when it arises at your own salon.Confront the source directly.
Too often business owners, regardless of industry, circumnavigate the problem because confrontation can be uncomfortable and sometimes messy, but it’s the only real solution to a problem. To deal with any form of conflict or dilemma, it’s best to approach it head-on. Is there a specific staff member for which you need to address behavioral issues or...
...Contrast the ownership and purposes of two different business organisations
M2 Compare areas of growth or decline in the primary, secondary and tertiary classifications of business activities.
For M1 and M2 you have been asked to complete the tables below to be used in an information leaflet about businesses.
What is their ownership type and purpose?
Why are franchises and charities the same or different?
Business number one:
What type of ownership does this business have? Explain this type of ownership in detail.
To open and run up a business that is already open is a Franchise. A Franchise is when a franchisee asks a franchisor if they are allowed to sell their products and use their company name.
What are the positives of this type of ownership?
One of the advantages of this is that other banks would like to give money or loans to Franchise. Another positive aspect of this is that they make a profit of 91% in their reports. Also they are much known and as a result the business format is proven and is fully established.
What are the disadvantages and of this type of ownership? One disadvantage is that they are required to invest in a very large financial investment. An example could be £100,000. Another disadvantage about a Franchise is that you have to pay the franchisor a percentage of your profit. Also you will have no guarantee to work which isn’t...