Due Monday 6/26/2017
I need a paragraph of information added in the appropriate place to my paper with in-text citing along with citing the source. The source has to be from Securities Exchange Commission (SEC). The paper is located below.
International Business Acquisition and Expansion
Bigfella15
Institution:
International Business Acquisition and Expansion
Company Acquisition in the European Union
As an investor and a corporate head of Fauna Investment Company in Europe, I would prefer acquiring a company from the European Union borders as compared to any other region in the international business community. The European Union as a unified state of the European nations has a lot to offer as compared to any other country/union of countries in the world. The first reason for the choice of the European Union comprises of the superior dominance of the Union in the international business and socio-political sector (James, Debra, & Paul, 2010). Europe has a major influence on the rest of the world, and having a company in a European nation serves Fauna Investment Company with a powerful position to run its operations in the international market. I believe that Europe will provide my company with the right political platform to expand its business operations in the region and the rest of the world.
The second factor for acquiring a company in Europe is the language and culture. Most European countries speak English, practice democracy, and have a culture similar to that of the United States. Conducting business in Europe equates to launching a product in the United States. It will not be difficult to operate a company in Europe because of the similarity the region has with the United States of America (Merkert& Morrell, 2012). The customers in Europe have more so the same purchasing power and preference for products and services as those found in America.
Europe also comprises of good investment and company acquisition policies and regulations as compared to regions such as Africa, South America, and Asia. The investment policies are friendly and are open to new multinationals venturing into the countries’ business market. Europe also comprises of many laborers from foreign Asian countries and the domestic workers from the European countries which make it easy for any company to acquire its objectivity and boost its financial potential.
Disadvantages and Advantages Investing in the European Union
Several advantages and disadvantages exist regarding the choices I have made about my company acquisition in Europe. The following include the advantages and disadvantages of carrying out business in Europe:
Advantages of Company Acquisition in Europe
Europe was from the first region to establish and implement the Industrial and Agrarian Revolutions. The two revolutions have endowed the continent with the right skills and human resources to support the growth and development of any business. Business has expanded and grown in the E.
Type Discussion BoardForeign Investment Decisions Part 2.docxcandycemidgley
Type: Discussion Board
Foreign Investment Decisions Part 2
Tue, 6/12/17
Length 2-3 paragraphs
Assignment Details
Assignment Description
Course Comprehensive Project
Collaboration in a business environment is a best practice that leverages the collective knowledge of the team assembled. Peer evaluation and support, provided in the spirit of continuous improvement and organizational success, result in higher quality deliverables than generally possible by the efforts of an individual. Please describe the process you plan to use to conduct research, identify findings, and develop the Comprehensive Project due in Unit 5 and present a preliminary outline indicating how you intend to organize the project deliverable.
Unit 5 project below:
International Business Acquisition and Expansion
Name
American InterContinental University
International Business Acquisition and Expansion
Company Acquisition in the European Union
As an investor and a corporate head of Fauna Investment Company in Europe, I would prefer acquiring a company from the European Union borders as compared to any other region in the international business community. The European Union as a unified state of the European nations has a lot to offer as compared to any other country/union of countries in the world. The first reason for the choice of the European Union comprises of the superior dominance of the Union in the international business and socio-political sector (James, Debra, & Paul, 2010). Europe has a major influence on the rest of the world, and having a company in a European nation serves Fauna Investment Company with a powerful position to run its operations in the international market. I believe that Europe will provide my company with the right political platform to expand its business operations in the region and the rest of the world.
The second factor for acquiring a company in Europe is the language and culture. Most European countries speak English, practice democracy, and have a culture similar to that of the United States. Conducting business in Europe equates to launching a product in the United States. It will not be difficult to operate a company in Europe because of the similarity the region has with the United States of America (Merkert & Morrell, 2012). The customers in Europe have more so the same purchasing power and preference for products and services as those found in America.
Europe also comprises of good investment and company acquisition policies and regulations as compared to regions such as Africa, South America, and Asia. The investment policies are friendly and are open to new multinationals venturing into the countries’ business market. Europe also comprises of many laborers from foreign Asian countries and the domestic workers from the European countries which make it easy for any company to acquire its objectivity and boost its financial potential.
Disadvantages and Advantages Investing in the Europ ...
Running Head: FIRM ACQUISITION
FIRM ACQUISITION8
Title
Institution
Course Name
Prof Comments
Shane
I need to advise you that you violate the college rules, first of all, you did not do assignment according to the provided rubric. I have checked thoroughly that the point no 1,2 and 5 totally not meet the instruction.college gave you 15 days to submit an assignment that was the long deadline but in log deadline you make a college fool. In instruction told you that you will do peer reviews articles but you did not follow you have 2 days to submit college claim on you.i highlighted the wrong parts.
Regard jones
Introduction
As the precincts that bound businesses continue to expand on a daily basis, it has become important for companies everywhere to formulate and implement strategies that allow for expansion in areas outside of their homeland. The success of an acquisition duly depends on the long-term strategy set forth by the company in matters concerning foreign trade and the implications it has on its profits. International expansion can prove to be advantageous as it enables the company to distribute its goods and services on a global scale thus leading to the expansion of their market share. Even though the idea to expand is entirely profitable to the company, one has to take note of the fact that there are a number of risks and disadvantages that are associated with a foreign acquisition.
Firm Acquisition in the European Union
In the case that I was the head of US-based firm then the idea of acquiring a company that was within or outside the confines of the EU would not be a good idea. Most past acquisition cases have been known to impact the growth of the company with some making it slow down. There are a number of hazards or risks that can affect a company that deals with remote acquisitions. In the first case, there's always a sizeable danger of the organization's esteem being oversold. It is evident that different nations evaluate their companies using different methods which mean that when an organization is sold, then its key players will be offloaded. This leads to the creation of a gap in the customer relationship administration of the company. The same representatives may be tempted to take licensed innovation to other ventures thus lessening the overall esteem of the organization. (Harry G. Barkema, 2014). Companies in the European Union have been faced with the existing major-money based problem called the Euro Zone Problem. The changing of governments in a number of countries has led to political instability and a strong viewpoint on the uncertain future of any financial prospects. If a company is set to be acquired then it is important that all its assets become secured in order for it to efficiently carry on with its operations. The EU has a strict practice of freezing all assets belonging to individuals or companies. If a company is restricted from drawing cash from a bank then its ...
Corporate Capital of Domestic and Foreign Firms in Africa – An Empirical ReviewIOSRJBM
The study evaluated the existence and nature of systematic competition for corporate capital between local and foreign firms operating in major African economies. The study is motivated by the debate that foreign firms have easier access to corporate capital than domestic firms, and that the problem in the global financial market might push foreign firms to rely more on domestic financial markets for funds. To achieve the goal of this study, both microeconomic and macroeconomic data were sourced from diverse sources – including the World Bank's Global Development Indicators' database and the individual annual financial reports of firms. The data generated a total of 351 firms based in 11 African countries over a period 2009 to 2014. The results show that the average ratio of total liabilities to total assets is slightly higher among the listed foreign firms (at 48.8 percent) than among the listed domestic firms (47.9 percent), although the differences does not appear significant at conventional levels (t-statistic = 0.601; prob.>t = 0.548). For the whole sample also, it is shown that foreign firms have higher long-term liabilities to total asset ratio than domestic firms, and that the difference is significant at 10 percent level. Whereas the average long-term debt ratio among foreign firms stands at 12.1 percent, for domestic firms, the level is 10.7 percent (t-statistic = 1.751; prob.>t = 0.080). In none of the four sub regions, though, does the difference in the long-term debts ratio significantly differ between domestic and foreign firms. Consistent with the statistical evidence, the descriptive results seem to suggest that the survey evidence reported by the World Bank that in Africa, foreign firms are more profitable, larger, more valued in terms of investments in fixed assets, and older than domestic firms is not true. However, as shown in this report, such differences, with the exception of asset tangibility and age, are not very significant at conventional levels. This suggests that the major source of competition for corporate finance in Africa may be on the extent of collateral value and the reputation that arises from firm age
Type Discussion BoardForeign Investment Decisions Part 2.docxcandycemidgley
Type: Discussion Board
Foreign Investment Decisions Part 2
Tue, 6/12/17
Length 2-3 paragraphs
Assignment Details
Assignment Description
Course Comprehensive Project
Collaboration in a business environment is a best practice that leverages the collective knowledge of the team assembled. Peer evaluation and support, provided in the spirit of continuous improvement and organizational success, result in higher quality deliverables than generally possible by the efforts of an individual. Please describe the process you plan to use to conduct research, identify findings, and develop the Comprehensive Project due in Unit 5 and present a preliminary outline indicating how you intend to organize the project deliverable.
Unit 5 project below:
International Business Acquisition and Expansion
Name
American InterContinental University
International Business Acquisition and Expansion
Company Acquisition in the European Union
As an investor and a corporate head of Fauna Investment Company in Europe, I would prefer acquiring a company from the European Union borders as compared to any other region in the international business community. The European Union as a unified state of the European nations has a lot to offer as compared to any other country/union of countries in the world. The first reason for the choice of the European Union comprises of the superior dominance of the Union in the international business and socio-political sector (James, Debra, & Paul, 2010). Europe has a major influence on the rest of the world, and having a company in a European nation serves Fauna Investment Company with a powerful position to run its operations in the international market. I believe that Europe will provide my company with the right political platform to expand its business operations in the region and the rest of the world.
The second factor for acquiring a company in Europe is the language and culture. Most European countries speak English, practice democracy, and have a culture similar to that of the United States. Conducting business in Europe equates to launching a product in the United States. It will not be difficult to operate a company in Europe because of the similarity the region has with the United States of America (Merkert & Morrell, 2012). The customers in Europe have more so the same purchasing power and preference for products and services as those found in America.
Europe also comprises of good investment and company acquisition policies and regulations as compared to regions such as Africa, South America, and Asia. The investment policies are friendly and are open to new multinationals venturing into the countries’ business market. Europe also comprises of many laborers from foreign Asian countries and the domestic workers from the European countries which make it easy for any company to acquire its objectivity and boost its financial potential.
Disadvantages and Advantages Investing in the Europ ...
Running Head: FIRM ACQUISITION
FIRM ACQUISITION8
Title
Institution
Course Name
Prof Comments
Shane
I need to advise you that you violate the college rules, first of all, you did not do assignment according to the provided rubric. I have checked thoroughly that the point no 1,2 and 5 totally not meet the instruction.college gave you 15 days to submit an assignment that was the long deadline but in log deadline you make a college fool. In instruction told you that you will do peer reviews articles but you did not follow you have 2 days to submit college claim on you.i highlighted the wrong parts.
Regard jones
Introduction
As the precincts that bound businesses continue to expand on a daily basis, it has become important for companies everywhere to formulate and implement strategies that allow for expansion in areas outside of their homeland. The success of an acquisition duly depends on the long-term strategy set forth by the company in matters concerning foreign trade and the implications it has on its profits. International expansion can prove to be advantageous as it enables the company to distribute its goods and services on a global scale thus leading to the expansion of their market share. Even though the idea to expand is entirely profitable to the company, one has to take note of the fact that there are a number of risks and disadvantages that are associated with a foreign acquisition.
Firm Acquisition in the European Union
In the case that I was the head of US-based firm then the idea of acquiring a company that was within or outside the confines of the EU would not be a good idea. Most past acquisition cases have been known to impact the growth of the company with some making it slow down. There are a number of hazards or risks that can affect a company that deals with remote acquisitions. In the first case, there's always a sizeable danger of the organization's esteem being oversold. It is evident that different nations evaluate their companies using different methods which mean that when an organization is sold, then its key players will be offloaded. This leads to the creation of a gap in the customer relationship administration of the company. The same representatives may be tempted to take licensed innovation to other ventures thus lessening the overall esteem of the organization. (Harry G. Barkema, 2014). Companies in the European Union have been faced with the existing major-money based problem called the Euro Zone Problem. The changing of governments in a number of countries has led to political instability and a strong viewpoint on the uncertain future of any financial prospects. If a company is set to be acquired then it is important that all its assets become secured in order for it to efficiently carry on with its operations. The EU has a strict practice of freezing all assets belonging to individuals or companies. If a company is restricted from drawing cash from a bank then its ...
Corporate Capital of Domestic and Foreign Firms in Africa – An Empirical ReviewIOSRJBM
The study evaluated the existence and nature of systematic competition for corporate capital between local and foreign firms operating in major African economies. The study is motivated by the debate that foreign firms have easier access to corporate capital than domestic firms, and that the problem in the global financial market might push foreign firms to rely more on domestic financial markets for funds. To achieve the goal of this study, both microeconomic and macroeconomic data were sourced from diverse sources – including the World Bank's Global Development Indicators' database and the individual annual financial reports of firms. The data generated a total of 351 firms based in 11 African countries over a period 2009 to 2014. The results show that the average ratio of total liabilities to total assets is slightly higher among the listed foreign firms (at 48.8 percent) than among the listed domestic firms (47.9 percent), although the differences does not appear significant at conventional levels (t-statistic = 0.601; prob.>t = 0.548). For the whole sample also, it is shown that foreign firms have higher long-term liabilities to total asset ratio than domestic firms, and that the difference is significant at 10 percent level. Whereas the average long-term debt ratio among foreign firms stands at 12.1 percent, for domestic firms, the level is 10.7 percent (t-statistic = 1.751; prob.>t = 0.080). In none of the four sub regions, though, does the difference in the long-term debts ratio significantly differ between domestic and foreign firms. Consistent with the statistical evidence, the descriptive results seem to suggest that the survey evidence reported by the World Bank that in Africa, foreign firms are more profitable, larger, more valued in terms of investments in fixed assets, and older than domestic firms is not true. However, as shown in this report, such differences, with the exception of asset tangibility and age, are not very significant at conventional levels. This suggests that the major source of competition for corporate finance in Africa may be on the extent of collateral value and the reputation that arises from firm age
June 2017 - The 2017 edition of the OECD Business and Finance Outlook focuses on ways to enhance “fairness”, in the sense of strengthening global governance, to ensure a level playing field in trade, investment and corporate behaviour, through the setting and better enforcement of global standards. This presentation by OECD's financial markets expert Adrian Blundell-Wignall shows key findings from the publication. Find out more here http://www.oecd.org/daf/oecd-business-and-finance-outlook-2017-9789264274891-en.htm
Study to understand the management strategies of new multinationals from the ...Charm Rammandala
The purpose of this study is to understand how the emerging multinational companies from emerging economies such as BRIC countries, Middle East and developing countries like Thailand and Malaysia challenging the traditional multinational companies who have strong roots to developed countries. Using various strategies and business models such as alliances, joint ventures and in some cases wholly owned subsidiaries, newly emerging multinationals have made their presence felt in the world market. This study will take an in-depth look in to the management strategies in place to overcome the barriers and accelerate the growth.
European Tech cos (founded 2000 or later) with $1 B valuations - by GP Bullhound, Sept 2017.
Too much money is chasin too few (GOOD) cos. This means there´s a tremendous opportunity for creating new GOOD cos here...!
Social Studies Chapter 9 How do We Respond to Tensions Arising from some Econ...Goh Bang Rui
Subscribe to my education channel.
bit.ly/gohbangrui
These slides introduce Chapter 9: How do We Respond to Tensions Arising from some Economic Impacts under Issue 3: Being Part of A Globalised World to the Secondary 3 and 4 students who are studying Social Studies for the Singapore current syllabus 2016.
These slides are divided into 3 areas.
1. Economic Impact on Country [Slide 3]
2. Economic Impact on Companies [Slide 29]
3. Economic Impact on Individuals [Slide 50]
Video
TBC
Any feedback is welcome.
Introduction of strategy,Levels,Meaning of International Business, Multinational corporations,advantages of Home country &host country, Challenges of Internationalbusiness
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June 2017 - The 2017 edition of the OECD Business and Finance Outlook focuses on ways to enhance “fairness”, in the sense of strengthening global governance, to ensure a level playing field in trade, investment and corporate behaviour, through the setting and better enforcement of global standards. This presentation by OECD's financial markets expert Adrian Blundell-Wignall shows key findings from the publication. Find out more here http://www.oecd.org/daf/oecd-business-and-finance-outlook-2017-9789264274891-en.htm
Study to understand the management strategies of new multinationals from the ...Charm Rammandala
The purpose of this study is to understand how the emerging multinational companies from emerging economies such as BRIC countries, Middle East and developing countries like Thailand and Malaysia challenging the traditional multinational companies who have strong roots to developed countries. Using various strategies and business models such as alliances, joint ventures and in some cases wholly owned subsidiaries, newly emerging multinationals have made their presence felt in the world market. This study will take an in-depth look in to the management strategies in place to overcome the barriers and accelerate the growth.
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Too much money is chasin too few (GOOD) cos. This means there´s a tremendous opportunity for creating new GOOD cos here...!
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Subscribe to my education channel.
bit.ly/gohbangrui
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2. Economic Impact on Companies [Slide 29]
3. Economic Impact on Individuals [Slide 50]
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�
Why Are Comics Still in Search of
Cultural Legitimization?
Thierry GroensTeen
Although comics have been in existence for over a century and a half, they suffer from
a considerable lack of legitimacy.
To those who know and love it, the art that has given us Rodolphe Töpffer and
Wilhelm Busch, Hergé and Tardi, Winsor McCay and George Herriman, Barks and
Gottfredson, Franquin and Moebius, Segar and Spiegelman, Gotlib and Bretécher,
Crumb and Mattotti, Hugo Pratt and Alberto Breccia, not to mention The Spirit,
Peanuts or Asterix . . . in short, comic art, has nothing left to prove. If its validity as an
art form appears self-evident, it is curious that the legitimizing authorities (universities,
museums, the media) still regularly charge it with being infantile, vulgar, or insignificant.
This as if the whole of the genre were to be lowered to the level of its most mediocre
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Furthermore, its globally bad reputation jeopardizes the acknowledgment of its most
talented creators. Comic art’s continuing inability to reap the symbolic benefits of its
most accomplished achievements is particularly striking and merits elucidation. This is
the subject I would like to reflect upon today. Some of the points I will make concern
the specific history and situation of French comics and cannot be applied to other
national situations without some adaptation.
I will start by evoking some of the paradoxes of the history of the 9th art.
Modern (printed) comics appeared in the 1830s—in the form of Rodolphe Töpffer’s
pioneering work1—which makes them more or less contemporary with the invention
of photography. And yet, it was not until the 1960s that the French language found a
permanent name for this mode of expression—that was, by then, over a hundred years
old. During this long period, comics were known, not as bandes dessinées (literally strips
that have been drawn) but, successively or indiscriminately, as histoires en estampes, which
is Töpffer’s own term (stories told in prints), histoires en images (picture stories), récits
illustrés (illustrated tales), films dessinés (films made of drawings) and of course, comics.
Translated by Shirley Smolderen. Reprinted by permission from Anne Magnussen and Hans-Christian Christiansen, eds.,
Comics and Culture: Analytical and Theoretical Approaches to Comics (Museum Tusculanum Press, 2000), 29–41.
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EBSCO : eBook Collection (EBSCOhost) - printed on 10/6/2019 8:47 PM via MICHIGAN STATE UNIV
AN: 458766 ; Heer, Jeet, .
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Whose voices are suppressed?
What is being shared (articles, links, conversations...)?
How does an 'open' platform like Twitter help learners and educators? [Twitter is open in that it is free to access on the web. It is most emphatically not open in how it does business.]
How can Twitter harm learners and educators?
How can Twitter be used to increase access to education?
In what ways does Twitter support OER-Enabled Pedagogy?
.
Whos the bossIn a holacracy, there isnt one. It isnt as flak.docxharold7fisher61282
Who's the boss?
In a holacracy, there isn't one. It isn't as flaky as it sounds--even larger companies like Zappos are kissing hierarchy goodbye
The first thing the advocates of holacracy would like to clear up is that, even though it's a management philosophy about getting rid of managers, this doesn't mean pushing a company into anarchy, or even hippy-dippy Montessori indulgence. Quite the opposite: They suggest holacracy is about companies growing up.
Take Phil Caravaggio, the founder of Precision Nutrition, a 60-person Toronto firm specializing in tailored life coaching. As his firm grew past the point where it could be run informally on the strength of personal relationships, he went looking for a way to structure the company without setting up yet another deadening corporate hierarchy.
His search led him to holacracy, a governance method that emerged from a software firm in Pennsylvania, of all places, over the last decade. Since then, holacracy has racked up a number of big-name adherents, most notably Zappos, the 1,500-employee, Amazon-owned online footwear store, and the chatter has been growing.
"It's a system for giving everyone real clear autonomy without everything devolving into chaos," explains Caravaggio, speaking over sparkling water in a corner of the Soho club in downtown Toronto.
Caravaggio might be said to head up the firm, though this is where things get fuzzy, because in addition to rejecting hierarchy, holacracy also eschews job titles. When pressed, he says he's technically the "lead link of the general company circle"; one senses that he's had a lot of practice explaining this to people.
In a holacracy, the organization is grouped into a series of concentric, autonomous circles--say, a finance circle, a marketing circle that might contain a web-design circle, all within a big circle that represents the company itself.
Every circle has a leader, who does many of the things a traditional boss does, like deciding on priorities and assigning who does what on the team. But no circle's leader is allowed to butt in on the decision-making process of any other circle--even the smaller ones.
The way these circles speak to each other is one of holacracy's hallmarks. In a traditional organization, the team managers typically represent their teams in meetings. But this puts managers in a bind: On one hand, they have to champion their team's interests to the company; on the other, they have to be the ones to impose their superior's decisions on their team--two roles that can be completely at odds. In a holacracy, each circle elects a representative who's not the leader to sit in other circles, report on their team's progress, and express its concerns to the broader company.
In fact, everything about the way a holacracy works is determined by a set of written rules. It's all laid out in a detailed, but surprisingly concise, 30-page constitution: who is allowed to do what, how meetings are run, how decisions get made, and how to mak.
Whooping Cough is a disease that doctors may no longer recognize bec.docxharold7fisher61282
Whooping Cough is a disease that doctors may no longer recognize because it has become so rare. Alarms went off in California in the autumn of 2011 when nine infants died from the disease. There have been outbreaks of other preventable diseases such as a 2013 mumps outbreak in Monmouth County New Jersey, and a 2015 measles outbreak at Disneyland in California. In 200 to 400 words, please discuss a recent outbreak. Include at last two scholarly references (using APA formatting and style) to guide your discussion.
.
WHO’S WITH ME FALSE CONSENSUS, BROKERAGE, ANDETHICAL DECISI.docxharold7fisher61282
WHO’S WITH ME? FALSE CONSENSUS, BROKERAGE, AND
ETHICAL DECISION MAKING IN ORGANIZATIONS
FRANCIS J. FLYNN
Stanford University
SCOTT S. WILTERMUTH
University of Southern California
We propose that organization members overestimate the degree to which others share
their views on ethical matters. Further, we argue that being a broker in an advice
network exacerbates this false consensus bias. That is, a high level of “betweenness
centrality” increases an individual’s estimates of agreement with others on ethical
issues beyond what is warranted by any actual increase in agreement. We tested these
ideas in three separate samples: graduate business students, executive students, and
employees. Individuals with higher betweenness centrality overestimated the level of
agreement between their ethical judgments and their colleagues’.
For members of organizations, ethical standards
can help guide individual decision making by clar-
ifying what the majority of others believe is appro-
priate. But given that ethical standards often are
tacitly held, rather than explicitly agreed upon
(Haidt, 2001; Turiel, 2002), individuals may strug-
gle to recognize the normative view—what most
others believe is the “right” course of action. Peo-
ple’s tendencies to project their own opinions can
alter their judgments about what others think is
ethical, perhaps giving them a sense of being in the
majority even when they are not. The ramifications
of this false consensus effect may be problematic: if
members of organizations erroneously assume that
their actions are in line with prevailing ethical
principles, they may subsequently learn of their
misjudgment when it is too late to avert the
consequences.
In the present research, we examine whether bro-
kers in a social network show evidence of false
consensus in ethical decision making. Because bro-
kers span structural holes (missing relationships
that inhibit information flow between people [see
Burt, 1992]), one might assume that these individ-
uals possess greater insight into others’ attitudes
and behaviors. But can acting as a broker (i.e., hav-
ing “betweenness”) inform a focal individual about
his or her peers’ ethical views? In interactions with
colleagues, people generally refrain from initiating
moral dialogue; rather, they prefer to discuss less
sensitive attitudes and opinions (Sabini & Silver,
1982). We argue that this tendency to avoid moral
discourse and instead discuss superficial connec-
tions worsens the false consensus bias in ethical
decision making, providing an illusion of consen-
sus where none exists.
The notion that having an advantageous position
in a social network might exacerbate, rather than
mitigate, false consensus bias in ethical decision
making represents a novel insight for those inter-
ested in the link between social networks and in-
dividual judgment. Prior work on identifying the
determinants of false consensus has focused pri-
marily on motivational drivers, such as ego protec.
Who Says Elephants
Can’t Dance?
Leading a Great
Enterprise Through
Dramatic Change
Louis V.
Gerstner, Jr.
This book is dedicated to the thousands of IBMers who never gave
up on their company, their colleagues, and themselves. They are the
real heroes of the reinvention of IBM.
Contents
viiForeword
1Introduction
7PART I-GRABBING HOLD
9 1 The Courtship
18 2 The Announcement
29 3 Drinking from a Fire Hose
41 4 Out to the Field
49 5 Operation Bear Hug
56 6 Stop the Bleeding (and Hold the Vision)
73 7 Creating the Leadership Team
83 8 Creating a Global Enterprise
88 9 Reviving the Brand
9310 Resetting the Corporate Compensation Philosophy
10311 Back on the Beach
111PART II-STRATEGY
11312 A Brief History of IBM
12113 Making the Big Bets
12814 Services—the Key to Integration
13615 Building the World’s Already Biggest Software Business
14616 Opening the Company Store
15317 Unstacking the Stack and Focusing the Portfolio
16518 The Emergence of e-business
17619 Reflections on Strategy
179PART III-CULTURE
18120 On Corporate Culture
18921 An Inside-Out World
20022 Leading by Principles
217PART IV-LESSONS LEARNED
21923 Focus—You Have to Know (and Love) Your Business
22924 Execution—Strategy Goes Only So Far
23525 Leadership Is Personal
24226 Elephants Can Dance
25327 IBM—a Farewell
259APPENDICES
261Appendix A—The Future of e-business
277Appendix B—Financial Overview
287Index
ABOUT THE AUTHOR
CREDITS
COVER
COPYRIGHT
ABOUT THE PUBLISHER
Foreword
I have never said to myself, “Gee, I think I want to write abook.” I am not a book writer. Until now I haven’t had the
time or the inclination to lean back and reflect on my thirty-five
years in business. I haven’t had the patience it takes to sit down for
a long time and create a book. Throughout my business life I have
been wary of telling others how to manage their enterprises based
on my personal experiences.
And, frankly, I wasn’t sure if anyone would be interested in
reading my thoughts. I read a lot of books, but not many about
business. After a twelve-hour day at the office, who would want to
go home and read about someone else’s career at the office?
I have always believed you cannot run a successful enterprise
from behind a desk. That’s why, during my nine years as Chief Ex-
ecutive Officer of International Business Machines Corporation, I
have flown more than I million miles and met with untold thousands
of IBM customers, business partners, and employees. Over the past
two years, after people began speculating that my retirement might
be just around the corner, I thought I’d get a lot of big-picture
questions that outgoing CEOs get about the economy, the world, and
the future. Instead, I have been surprised by how many times—at
big meetings and small ones, and even at private sessions with CEOs
and heads of state—I was asked: “How did you save IBM?” “What
was it like when you got there?” “What were the problems?” “What
specific things.
Who were Buffon and Fourier and what contributions did they make to .docxharold7fisher61282
Who were Buffon and Fourier and what contributions did they make to advance science in the 18th century? What role did Georges Cuvier play in their scientific lives? How did later scientists view the three men's contributions?
-Minimum of 1-2 typed, single-spaced pages
-Any quotations or other supporting evidence needs to be properly cited
- submit into turnitin
.
Who was Immanuel Kant What is deontology and what is the main thoug.docxharold7fisher61282
Who was Immanuel Kant? What is deontology and what is the main thought premise surrounding this ethical theory? How does that differ from Egoism and which is better in your opinion?
Discussion: around 100-200 words.
Need soon.
Make it nice and simple with proper citation/references.
Thanks
Budget $2
.
Whom to PromoteOne of the problems, Lael Matthews has had t.docxharold7fisher61282
Whom to Promote?
One of the problems, Lael Matthews has had to deal with to climb the corporate ladder is the glass ceiling issue for minorities and women. In her current position, she must decide which of three managers to promote. Her superior has informed her that making the wrong decision would not be good, either internally or externally. These are the candidates:
Liz (African American, divorced, one child) graduated in the middle of her college class (Northwest State). She has been with the company for five years and in the industry for eight years, with average performance ratings but a high energy level. She has had some difficulties managing her staff. Her child has had medical problems and so higher pay would be helpful. If promoted, Liz would be the first African American female manager at this level. Lael has only known Liz for a short time, but they seem to have hit it off. In fact, Lael once babysat Liz’s daughter, Janeen, in an emergency. One downside to promoting Lael is the impression that Lael would be playing favorites.
Roy (white, 57, married, three children) graduated from a private university in the top half of his class. Roy has been with the company for twenty years and in the industry for thirty. He has always been a steady performer with mostly average ratings. Roy has been passed over for promotion previously because he refused to relocate but that is no longer a problem (his children are grown). Roy’s energy level is average to low, however he has produced many of the company’s top sales performers in the past. This promotion would be his last before retirement and many in the company feel that he has earned it. In fact, one senior manager stopped Lael in the hall and said, “You know, Lael, Roy has been with us for a long time. He has done many good things for the company, sacrificing not only himself but also his family. I really hope you can see your way to promoting him. It would be a favor to me that I wouldn’t forget.”
Quang Yeh (female, Asian, 28, single) graduated from State University in the top 3% of her class and has been with the company for four years. She is known for putting in 60-hour work weeks and for her meticulous management style which has generated some criticism from her sales staff. The last area she managed showed record sales increases despite the loss of several older accounts that for some reason did not like dealing with Quang. One fact about Quang is that at her previous place of work, she sued that company for discrimination and won. A comment that Lael had heard from that company was that Quang was intense and that nothing would stop her from reaching her goals. As Lael was going through her notes, another upper management individual came to her office and said, “You know, Lael, Quang is engaged to my son. I’ve looked over her personnel files and she looks very good. She looks like a rising star, which would indicate that she should be promoted as quickly as possible. I realize th.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Palestine last event orientationfvgnh .pptxRaedMohamed3
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Instructions for Submissions thorugh G- Classroom.pptx
Due Monday 6262017I need a paragraph of information added in t.docx
1. Due Monday 6/26/2017
I need a paragraph of information added in the appropriate place
to my paper with in-text citing along with citing the source.
The source has to be from Securities Exchange Commission
(SEC). The paper is located below.
International Business Acquisition and Expansion
Bigfella15
Institution:
International Business Acquisition and Expansion
Company Acquisition in the European Union
As an investor and a corporate head of Fauna Investment
Company in Europe, I would prefer acquiring a company from
the European Union borders as compared to any other region in
the international business community. The European Union as a
unified state of the European nations has a lot to offer as
compared to any other country/union of countries in the world.
The first reason for the choice of the European Union comprises
of the superior dominance of the Union in the international
business and socio-political sector (James, Debra, & Paul,
2010). Europe has a major influence on the rest of the world,
and having a company in a European nation serves Fauna
Investment Company with a powerful position to run its
operations in the international market. I believe that Europe will
provide my company with the right political platform to expand
its business operations in the region and the rest of the world.
2. The second factor for acquiring a company in Europe is the
language and culture. Most European countries speak English,
practice democracy, and have a culture similar to that of the
United States. Conducting business in Europe equates to
launching a product in the United States. It will not be difficult
to operate a company in Europe because of the similarity the
region has with the United States of America (Merkert&
Morrell, 2012). The customers in Europe have more so the same
purchasing power and preference for products and services as
those found in America.
Europe also comprises of good investment and company
acquisition policies and regulations as compared to regions such
as Africa, South America, and Asia. The investment policies are
friendly and are open to new multinationals venturing into the
countries’ business market. Europe also comprises of many
laborers from foreign Asian countries and the domestic workers
from the European countries which make it easy for any
company to acquire its objectivity and boost its financial
potential.
Disadvantages and Advantages Investing in the European Union
Several advantages and disadvantages exist regarding the
choices I have made about my company acquisition in Europe.
The following include the advantages and disadvantages of
carrying out business in Europe:
Advantages of Company Acquisition in Europe
Europe was from the first region to establish and implement the
Industrial and Agrarian Revolutions. The two revolutions have
endowed the continent with the right skills and human resources
3. to support the growth and development of any business.
Business has expanded and grown in the European countries due
to a stable political and security system (Capaldo, 2015). The
banking sector in the country continues to thrive with much
investments by financial institutions going to support growing
companies and businesses. I choose Europe because my
company may acquire financial assistance to expand and reach
other European nations. I also do not need to worry about
financial crisis due to the stability of the European Union
economy. The region has a strong currency as compared to the
United States (James, Debra, & Paul, 2010). The European
Union uses Euro while Britain uses the Pound which is very
strong as compared to the dollar in the international market. The
above factor makes it successful for my company to make huge
profits as compared to the United States of America.
Disadvantages of Company Acquisition in Europe
As much as the business in the European Union may be
lucrative, it comes with its demerits. The European Union
comprises of a highly developed status as compared to other
regions of the world which may have a negative impact on any
new company venturing into its business sector. The first
disadvantage includes the high cost of living in the continent.
Renting a company’s operational office, leasing a production
facility, and developing a store for any company is very
expensive (H, T, & D, 2000). Anyone with the hope of starting a
company/acquiring one needs to prepare on how to meet the
costs of settling before identifying the operational cost of the
company. The European Union also lacks enough support for
businesses and companies from the government (Capaldo,
2015). The governments of the European countries view the
companies as more of profit making than them needing any
assistance from them. The above-stated factor influences may
companies to fall because they fell to meet their financial
4. objectives.
Disadvantages and Advantages of Investing in Other parts of the
World and not Europe
The other regions in the world also possess their advantages and
disadvantages as compared to the markets in the European
Union. The following include the merits and demerits of
investing in other international markets other than the European
Nation:
Merits of Investing in Other Countries and Regions in the World
Continents such as Africa and Asia experience a potential
business growth and development as compared to the European
Union and other developed markets. The continents are endowed
with more than enough natural resources that are fit for any
business wanting to expand into the international market. The
regions also have good business environments to incubate new
and diversified business ideas and implement them to their full
potential (Colakoglu & Caligiuri, 2008). The other key
advantage of the regions is that they have huge populations that
may offer unending skills and manpower to the multinationals
and foreign companies that invest in their borders. The nations
found in Asia and Africa are also new in the field of business
and continue to open up to the outside business world to enable
them to develop their infrastructure and nurture their growing
economies.
Demerits of Investing in Other Countries and Regions in the
World
The demerits of the countries found in continents such as Africa
5. and Asia include high instability status and insecurity rates that
may affect any businesses operating within their borders. An
example may include Somali, South Sudan, Iraq, and Ukraine
which experience high instability in security. Such countries act
as a havoc to the growth and expansion of businesses and
companies. The continents also experience low literacy levels
and unskilled labor which may affect the delivery of key
objectives belonging to any company. The continents also tend
to experience a lot of corruption and embezzling of funds which
put the economy at the risk of falling. Kenya, Brazil, and North
Korea among others are named as one of the countries with high
corruption levels in the world which affects foreign investments
(Campbell & Keys, 2002). The leaders are brutal and may close
any company that fails to meet their needs.
Reasons for MNC investing in External Financial Markets
Foreign markets have some benefits to multinationals as
compared to the domestic markets. The foreign markets tend to
offer the multinationals with higher interests funds on their
funds which they invest in the markets. The multinationals may
be used to their domestic markets such that they may be limited
to earning huge profits due to the unstable status of the markets.
Foreign markets possess a high availability of financial
resources and cash flow which may stimulate the fast growth of
the multinationals’ operations. An example of a foreign market
may include the People’s Republic of China which is currently
the largest country regarding foreign capital (Rivoli, 2003). The
thriving international economy supports any growing
multinational through providing the nutrients for business
growth. The growing status of a nation such as China presents a
large status of available investable capital that allows any
multinational to expand into its borders.
6. The availability of the large financial resources and deposits
may influence a growing class of individuals with wealth which
may lead to foreign investments in other international markets.
Another key reason may involve the hope of having the
exchange rates for the new markets appreciating as compared to
their current status (Narayanan, Desiraju, & Chintagunta, 2004).
The appreciation rate of the exchange currency rates makes it
stable for multinationals to sell their products and services in
the new markets since they reduce risks of financial crisis and
inflation. The foreign markets also comprise of several
multinationals that offer a thriving platform for international
and domestic competition.
It influences the multinationals to develop high innovative
products/services to meet the needs/interests of the markets and
also to beat the competition. The new markets may also possess
high developed infrastructure, better skills and productivity
levels, availability of resources, and a good supply chain that
may influence business growth and development (Colakoglu &
Caligiuri, 2008). The above-stated factors may influence lower
transactional costs due to market stability which may influence
a multinational company to meet its profits.
Motives in the Provision of Credit in the Foreign Markets
The aspect of providing credit to companies by some financial
institutions possess a tricky status. Some of the financial
institutions have a preference for providing credit in foreign
markets due to some reasons. The financial institutions may
perceive that they may acquire huge returns due to the interest
rates found in the foreign markets. As per the business needs
and interests of the financial institutions, they may invest in
markets that possess higher interest rates as compared to their
home markets. They may also invest in credit in the economic
7. conditions that have a stronger status as compared to those
found in their home markets (Sinclair, 2014). They may
perceive the above-stated markets to possess the low risk of
default on credit by the borrowers from the foreign markets.
They tend to believe that due to the stable economy, high
financial returns, and a faster flow of currency in the foreign
markets: their financial systems will work well in the new
markets. The financial institutions may also believe that the
new markets have good policies that allow the diversification of
credit and also support the credit system to expand and meet the
market needs (H, T, & D, 2000). Therefore, the above-stated
factors influence the financial institutions to feel secure in the
foreign markets as compared to their home markets.
References
Campbell, T., & Keys, P. (2002). Corporate governance in
South Korea: the chaebol experience.
Journal of corporate Finance, 8
(4), 373-391.
Capaldo, J. (2015). The trans-atlantic trade and investment
partnership: European disintegration, unemployment and
instability.
Economia & lavoro, 49
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Colakoglu, S., & Caligiuri, P. (2008). Cultural distance,
expatriate staffing and subsidiary performance: The case of US
subsidiaries of multinational corporations.
The international journal of human resource management, 19
(2), 223-239.
8. H, G., T, G., & D, S. (2000). "Explaining the Low Taxable
Income of Foreign-Controlled Companies in the United States,".
(G. A, G. H. R, & Slemrod, Eds.)
Studies of International Taxation Journal
, 55-73.
James, C., Debra, P., & Paul, T. (2010).
Business Analysis Techniques: 72 Essential Tools for Success.
windon: The Chartered Institute for IT. Retrieved February
2nd, 2017, from http://www.bcs.org/upload/pdf/business-
analysis-techniques.pdf
Merkert, R., & Morrell, P. (2012). Mergers and acquisitions in
aviation–Management and economic perspectives on the size of
airlines. .
Transportation Research Part E: Logistics and Transportation
Review, 48
(4), 853-862.
N/a. (2002). "Control, Performance, and Knowledge Transfers
in Large Multinationals: Unilever in the United States, 1945-
1980,".
Business History Review, 76
(3), 112-116.
Narayanan, S., Desiraju, R., & Chintagunta, P. (2004). Return
on investment implications for pharmaceutical promotional
expenditures: The role of marketing-mix interactions. .
Journal of marketing, 68
(4), 90-105.
Rivoli, P. (2003). Making a difference or making a statement?
Finance research and socially responsible investment.
Business Ethics Quarterly, 13
(3), 271-287.
9. Sinclair, T. (2014).
The new masters of capital: American bond rating agencies and
the politics of creditworthiness.
Cornell: Cornell University Press.