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Citation
Title:
The global company's challenge.
Authors:
Dewhurst, Martin1
Harris, Jonathan2
Heywood, Suzanne
Aquila, Kate
Source:
McKinsey Quarterly. 2012, Issue 3, p76-80. 5p.
Document Type:
Article
Subject Terms:
*International business enterprises
*Emerging markets
*Economies of scale
*Contracting out
*Risk management in business
*Business models
*Executives
*Financial leverage
*Globalization
*Research & development
Developing countries
Company/Entity:
International Monetary Fund DUNS Number: 069275188
Aditya Birla Management Corp. Pvt. Ltd.
International Business Machines Corp. DUNS Number: 001368083 Ticker: IBM
NAICS/Industry Codes:
919110 International and other extra-territorial public administration
928120 International Affairs
541712 Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
541711 Research and Development in Biotechnology
Abstract:
The article focuses on the management of risks, costs, and strategies by international businesses in emerging markets. It states that the International Monetary Fund reported that the ten fastest-growing economies after 2012 will all be in developing countries. It mentions that technology company International Business Machines expects by 2015 to earn 30 percent of revenues in emerging markets compared to 17 percent in 2009, while Indian multinational conglomerate Aditya Birla Group earns over half of its revenue outside India and has operations in 40 nations. It talks about the benefit of economies of scale in shared services enjoyed by large global companies and comments that the ability to outsource business services and manufacturing is benefiting local businesses.
Author Affiliations:
1director in McKinsey's London office
2director in the New York office
Full Text Word Count:
1632
ISSN:
0047-5394
Accession Number:
78031780
Database:
Business Source Complete
PlumPrintNo Results Found
Translate Full Text:
Translation in Progress:
Translations powered by Language Weaver Service
The global company's challenge
Contents
1. St ...
InstructionsWrite a paper about the International Monetary Syste.docxvanesaburnand
Instructions
Write a paper about the International Monetary System that addresses each of the following issues:
· Define the International Monetary System and outline the history of the system.
· Describe and provide examples of what is meant by “currency regimes,” and define selected types of regimes and form an argument for selecting fixed exchange rate and arguments for selecting flexible exchange rates.
· Describe and define the creation of the Euro and discuss the benefits as well as the problems associated with the creation of this currency.
Support your paper with at least five (5) resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
Length: 5-7 pages (not including title and reference pages).
Eiteman, D., Stonehill, M., & Moffett, M. (2016). Multinational business finance. Boston, MA: Prentice-Hall.
Read Chapters 1, 2
This is a major resource, however, I think the assignment can be accomplished without it. I can’t seem to be able to download the book.
The global company's challenge.
Authors:
Dewhurst, Martin1
Harris, Jonathan2
Heywood, Suzanne
Aquila, Kate
Source:
McKinsey Quarterly. 2012, Issue 3, p76-80. 5p.
Document Type:
Article
Subject Terms:
*International business enterprises
*Emerging markets
*Economies of scale
*Contracting out
*Risk management in business
*Business models
*Executives
*Financial leverage
*Globalization
*Research & development
Developing countries
Company/Entity:
International Monetary Fund DUNS Number: 069275188
Aditya Birla Management Corp. Pvt. Ltd.
International Business Machines Corp. DUNS Number: 001368083 Ticker: IBM
NAICS/Industry Codes:
919110 International and other extra-territorial public administration
928120 International Affairs
541712 Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
541711 Research and Development in Biotechnology
Abstract:
The article focuses on the management of risks, costs, and strategies by international businesses in emerging markets. It states that the International Monetary Fund reported that the ten fastest-growing economies after 2012 will all be in developing countries. It mentions that technology company International Business Machines expects by 2015 to earn 30 percent of revenues in emerging markets compared to 17 percent in 2009, while Indian multinational conglomerate Aditya Birla Group earns over half of its revenue outside India and has operations in 40 nations. It talks about the benefit of economies of scale in shared services enjoyed by large global companies and comments that the ability to outsource business services and manufacturing is benefiting local busine.
Organizing for an emerging worldThe structures, processes,.docxalfred4lewis58146
Organizing for an
emerging world
The structures, processes, and communications approaches of
many far-flung businesses have been stretched to the breaking point.
Here are some ideas for relieving the strains.
The problem
Rising complexity is making
global organizations more difficult
to manage.
Why it matters
Organizational friction can hamper
growth, especially in emerging
markets; undermine strategic decision
making; and make it harder to
manage costs, people, and risks.
Toby Gibbs, Suzanne Heywood, and Leigh Weiss
What to do about it
Revisit the case for regional orga-
nizational layers and consider
grouping activities according to
nongeographic criteria, such
as growth goals.
Streamline processes without
standardizing more than is
necessary, force-fitting rigid
technology solutions, or creating
overly detailed rules.
Consider moving the corporate
center (or creating a “virtual head-
quarters”) closer to high-growth
markets, and ensure a constant flow
of talent between the business
units and the center.
Find out how and why people share
information, and then decide which
connections to drop, keep, or add.
J U N E 2 0 1 2
o r g a n i z a t i o n p r a c t i c e
2
As global organizations expand, they get more complicated
and difficult to manage. For evidence, look no further than the inter-
views and surveys we recently conducted with 300 executives at
17 major global companies. Fewer than half of the respondents believed
that their organizations’ structure created clear accountabilities,
and many suggested that globalization brings, as one put it, “cumula-
tive degrees of complexity.”
However, our research and experience in the field suggest that even
complex organizations can be improved to give employees around
the world the mix of control, support, and autonomy they need to do
their jobs well. What’s more, redesigning an organization to suit
its changing scale and scope can do much to address the challenges
of managing strategy, costs, people, and risk on a global basis.
Our goal in this article isn’t to provide a definitive blueprint for the
global organization of the future (there’s no such thing), but rather
to offer multinationals fresh ideas on the critical organizational-
design questions facing them today: how to adjust structure to sup-
port growth in emerging markets, how to find a productive balance
between standardized global and diverse local processes, where
to locate the corporate center and what to do there, and how to deploy
knowledge and skills effectively around the world by getting the
right people communicating with each other—and no one else.
Rethinking boundaries
Global organizations have long sought to realize scale benefits by
centralizing activities that are similar across locations and tailoring
to local markets any tasks that need to differ from country to coun-
try. Today, as more an.
Diagnostics and Interventions for the Global Human Capital Manager.docxlynettearnold46882
Diagnostics and Interventions for the Global Human Capital Manager
DUE ON 10/31/2017 AT 23:00PM
750 - 1,000 words
The board of directors at AGC needs a status update on your change management project. Shawn asks you to write an executive report for John and the board of directors about the change management process and the progress being made toward resolving the global human capital management problems at AGC. This report will be shared at an upcoming investor meeting. Because the future success of AGC depends on achieving its human capital management goals, the board of directors wants to ensure that investors understand that it has changed its strategy to align human capital goals with its organizational goals.
Review the AGC scenario for this course and prepare a 750–1000-word executive report that describes the steps in your change management plan, including the following:
· Diagnosis: A summary of AGC’s problems, how they were diagnosed, and your conclusions regarding the root causes.
· Intervention: A description of human capital management strategies that you recommended to create change at AGC and how they were implemented.
· Evaluation: How did you measure the effectiveness of your change management plan? What were the effects on the employees and the organization’s market performance?
MUST USE SOURCES & NOTES BELOW
http://www.ahrd.org/
http://blog.iese.edu/reiche/files/2010/08/Inpatriates-and-the-role-of-interpersonal-trust1.pdf
http://journals.sagepub.com/home/jom
http://horizon.unc.edu/
Introduction: Lessons from Experience: Diversity and Cultural Sensitivity
The story that you are about to read is from actual events that occurred in the field. Its purpose is to provide you with a real-world example from a seasoned professional in the business world.
Diversity and Cultural Sensitivity
My company, Elite Global Engineering, Inc. (EGE) is a multinational organization with international subsidiaries in eight locations. Project management is an important component at EGE. Individuals are chosen to lead large change initiatives. Depending on the project, these changes often affect our home base in Florida as well as one or more of our global subsidiaries. I was asked to lead a large project for our home base and two of our international locations in Italy and in China. The project involved the integration of a new informational management (IM) system. My core team was crosscultural and included members from all locations. As the manager of this project, I employed key components of change management principles and steps; I followed a combination of Kotter’s and Lewin’s basic steps. Well into the project, I felt pleased about my team's performance until I received a phone call from one of the senior directors in China. He told me that team members in China had concerns about the team and their involvement. He said that they felt their opinions were not taken seriously and that they did not feel like equal partners. This came as a s.
InstructionsWrite a paper about the International Monetary Syste.docxvanesaburnand
Instructions
Write a paper about the International Monetary System that addresses each of the following issues:
· Define the International Monetary System and outline the history of the system.
· Describe and provide examples of what is meant by “currency regimes,” and define selected types of regimes and form an argument for selecting fixed exchange rate and arguments for selecting flexible exchange rates.
· Describe and define the creation of the Euro and discuss the benefits as well as the problems associated with the creation of this currency.
Support your paper with at least five (5) resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
Length: 5-7 pages (not including title and reference pages).
Eiteman, D., Stonehill, M., & Moffett, M. (2016). Multinational business finance. Boston, MA: Prentice-Hall.
Read Chapters 1, 2
This is a major resource, however, I think the assignment can be accomplished without it. I can’t seem to be able to download the book.
The global company's challenge.
Authors:
Dewhurst, Martin1
Harris, Jonathan2
Heywood, Suzanne
Aquila, Kate
Source:
McKinsey Quarterly. 2012, Issue 3, p76-80. 5p.
Document Type:
Article
Subject Terms:
*International business enterprises
*Emerging markets
*Economies of scale
*Contracting out
*Risk management in business
*Business models
*Executives
*Financial leverage
*Globalization
*Research & development
Developing countries
Company/Entity:
International Monetary Fund DUNS Number: 069275188
Aditya Birla Management Corp. Pvt. Ltd.
International Business Machines Corp. DUNS Number: 001368083 Ticker: IBM
NAICS/Industry Codes:
919110 International and other extra-territorial public administration
928120 International Affairs
541712 Research and Development in the Physical, Engineering, and Life Sciences (except Biotechnology)
541711 Research and Development in Biotechnology
Abstract:
The article focuses on the management of risks, costs, and strategies by international businesses in emerging markets. It states that the International Monetary Fund reported that the ten fastest-growing economies after 2012 will all be in developing countries. It mentions that technology company International Business Machines expects by 2015 to earn 30 percent of revenues in emerging markets compared to 17 percent in 2009, while Indian multinational conglomerate Aditya Birla Group earns over half of its revenue outside India and has operations in 40 nations. It talks about the benefit of economies of scale in shared services enjoyed by large global companies and comments that the ability to outsource business services and manufacturing is benefiting local busine.
Organizing for an emerging worldThe structures, processes,.docxalfred4lewis58146
Organizing for an
emerging world
The structures, processes, and communications approaches of
many far-flung businesses have been stretched to the breaking point.
Here are some ideas for relieving the strains.
The problem
Rising complexity is making
global organizations more difficult
to manage.
Why it matters
Organizational friction can hamper
growth, especially in emerging
markets; undermine strategic decision
making; and make it harder to
manage costs, people, and risks.
Toby Gibbs, Suzanne Heywood, and Leigh Weiss
What to do about it
Revisit the case for regional orga-
nizational layers and consider
grouping activities according to
nongeographic criteria, such
as growth goals.
Streamline processes without
standardizing more than is
necessary, force-fitting rigid
technology solutions, or creating
overly detailed rules.
Consider moving the corporate
center (or creating a “virtual head-
quarters”) closer to high-growth
markets, and ensure a constant flow
of talent between the business
units and the center.
Find out how and why people share
information, and then decide which
connections to drop, keep, or add.
J U N E 2 0 1 2
o r g a n i z a t i o n p r a c t i c e
2
As global organizations expand, they get more complicated
and difficult to manage. For evidence, look no further than the inter-
views and surveys we recently conducted with 300 executives at
17 major global companies. Fewer than half of the respondents believed
that their organizations’ structure created clear accountabilities,
and many suggested that globalization brings, as one put it, “cumula-
tive degrees of complexity.”
However, our research and experience in the field suggest that even
complex organizations can be improved to give employees around
the world the mix of control, support, and autonomy they need to do
their jobs well. What’s more, redesigning an organization to suit
its changing scale and scope can do much to address the challenges
of managing strategy, costs, people, and risk on a global basis.
Our goal in this article isn’t to provide a definitive blueprint for the
global organization of the future (there’s no such thing), but rather
to offer multinationals fresh ideas on the critical organizational-
design questions facing them today: how to adjust structure to sup-
port growth in emerging markets, how to find a productive balance
between standardized global and diverse local processes, where
to locate the corporate center and what to do there, and how to deploy
knowledge and skills effectively around the world by getting the
right people communicating with each other—and no one else.
Rethinking boundaries
Global organizations have long sought to realize scale benefits by
centralizing activities that are similar across locations and tailoring
to local markets any tasks that need to differ from country to coun-
try. Today, as more an.
Diagnostics and Interventions for the Global Human Capital Manager.docxlynettearnold46882
Diagnostics and Interventions for the Global Human Capital Manager
DUE ON 10/31/2017 AT 23:00PM
750 - 1,000 words
The board of directors at AGC needs a status update on your change management project. Shawn asks you to write an executive report for John and the board of directors about the change management process and the progress being made toward resolving the global human capital management problems at AGC. This report will be shared at an upcoming investor meeting. Because the future success of AGC depends on achieving its human capital management goals, the board of directors wants to ensure that investors understand that it has changed its strategy to align human capital goals with its organizational goals.
Review the AGC scenario for this course and prepare a 750–1000-word executive report that describes the steps in your change management plan, including the following:
· Diagnosis: A summary of AGC’s problems, how they were diagnosed, and your conclusions regarding the root causes.
· Intervention: A description of human capital management strategies that you recommended to create change at AGC and how they were implemented.
· Evaluation: How did you measure the effectiveness of your change management plan? What were the effects on the employees and the organization’s market performance?
MUST USE SOURCES & NOTES BELOW
http://www.ahrd.org/
http://blog.iese.edu/reiche/files/2010/08/Inpatriates-and-the-role-of-interpersonal-trust1.pdf
http://journals.sagepub.com/home/jom
http://horizon.unc.edu/
Introduction: Lessons from Experience: Diversity and Cultural Sensitivity
The story that you are about to read is from actual events that occurred in the field. Its purpose is to provide you with a real-world example from a seasoned professional in the business world.
Diversity and Cultural Sensitivity
My company, Elite Global Engineering, Inc. (EGE) is a multinational organization with international subsidiaries in eight locations. Project management is an important component at EGE. Individuals are chosen to lead large change initiatives. Depending on the project, these changes often affect our home base in Florida as well as one or more of our global subsidiaries. I was asked to lead a large project for our home base and two of our international locations in Italy and in China. The project involved the integration of a new informational management (IM) system. My core team was crosscultural and included members from all locations. As the manager of this project, I employed key components of change management principles and steps; I followed a combination of Kotter’s and Lewin’s basic steps. Well into the project, I felt pleased about my team's performance until I received a phone call from one of the senior directors in China. He told me that team members in China had concerns about the team and their involvement. He said that they felt their opinions were not taken seriously and that they did not feel like equal partners. This came as a s.
Deadline 10 Hours Maximum, no extension pleaseNumber of pages .docxsimonithomas47935
Deadline: 10 Hours Maximum, no extension please
Number of pages: 3 (825 words)
Academic Level: Postgraduate
Instructions: • Write a 3- to 4-page critique of Desai's 2008 article "The Finance Function of a Global Corporation," linked in the Resources under the Required Resources heading.
Note that a critique is not just a summary or opinion—it requires a formal analysis and critical review. Your critique should address what the author is saying and what arguments are being made. Be sure to examine whether the author's arguments are supported with facts or data. Address what implications the article may have. Consider what the author has omitted from the article.
In your analysis, address the following points:
• Analyze the validity of finance and value creation arguments.
What are the facts and data upon which those arguments rest?
How do these facts validate or invalidate the author's arguments?
• Assess the use of financial persuasion to support the arguments.
What financial persuasion elements were present?
Were any financial data or facts omitted?
• Analyze the financial implications of the author's arguments.
What does this mean for the organization?
Are there implications for constituents and interested parties?
• Synthesize your analysis of the article and your observation of the finance function at your workplace, or a major publicly rated corporation.
What new or deeper understandings do you have about the finance function?
What other insights do you have about the finance function? Use the arguments, facts, data, and financial persuasion elements from the article to support your understanding of the finance function.
Your paper should be written in a manner that is professional and consistent with expectations for members of the business professions.
Additional Requirements
• Written communication: Written communication is free of errors that detract from the overall message.
• APA formatting: Resources and citations are formatted according to current APA style and formatting.
• Number of resources: Minimum of three references.
• Length of paper: 3–4 typed, double-spaced pages.
• Font and font size: Times New Roman, 12 point.
ORGANIZATION & CULTURE FINANCE & ACCOUNTING MARKETING MANAGING TECHNOLOGY MARKETING
STRATEGY & COMPETITION HUMAN RESOURCES MARKETING ORGANIZATION & CULTURE MANAGING
TECHNOLOGY FINANCE & ACCOUNTING ORGANIZATION & CULTURE MARKETING STRATEGY & COMPETITION
HUMAN RESOURCES MANAGING TECHNOLOGY FINANCE & ACCOUNTING ORGANIZATION & CULTURE MARKETING
STRATEGY & COMPETITION HUMAN RESOURCES MANAGING TECHNOLOGY MARKETING STRATEGY &
COMPETITION HUMAN RESOURCES ORGANIZATION & CULTURE FINANCE & ACCOUNTING HUMAN RESOURCES
H
HISTORICALLY, the fi nance functions in large U.S. and Euro-
pean fi rms have focused on cost control, operating budgets,
and internal auditing. But as corporations go global, a world of
fi nance opens up within them, presenting new opportunities
and challenge.
Elevate your enterprise cfo role reportCor Ranzijn
Companies in virtually every industry are undergoing a secular change to new, platform- based businesses. To thrive, organizations need to digitally reinvent their enterprise business
and operating models. CFO"s continue to be instrumental in providing the analytical insights to help the enterprise invest capital into new opportunities. Essential to this process is a highly collaborative, in-synch C-suite. The CFO’s newest mandate – to help steer the strategic direction
of the enterprise and do so iteratively – requires changes to their finance organizations. Startlingly, nearly half of CFOs report their own finance organizations fall short of what’s required.
How To MakeStrategic Alliances WorkDeveloping a dedicate.docxpooleavelina
How To Make
Strategic Alliances Work
Developing a dedicated
alliance function is key to
building the expertise needed
for competitive advantage.
Jeffrey H. Dyer,
Prashant Kale and
Harbir Singh
Strategic alliances — a fast and flexible
way to access complementary resources
and skills that reside in other companies
— have become an important tool for
achieving sustainable competitive advan-
tage. Indeed, the past decade has witnessed
an extraordinary increase in alliances.'
Currently, the top 500 global businesses have an average of 60
major strategic alliances each.
Yet alliances are fraught with risks, and almost half fail.
Hence the ability to form and manage them more effectively
than competitors can become an important source of compet-
Jeffrey H. Dyer is a professor of international strategy at Brigham
Young University's Marriott School in Provo. Utah. Prashant Kale is
an assistant professor at University of Michigan Business School.
Harbir Singh is a professor of management at the Wharton School
of the University of Pennsylvania. Contact the authors at
[email protected][email protected] and [email protected]
itivc advantage. We conducted an in-depth study of 200 cor-
porations and their 1,572 alliances. We found that a company's
stock price jumped roughly 1% with each announcement ofa
new alliance, which translated into an increase in market value
of $54 million per alliance.^ And although all companies
seemed to create some value through alliances, certain compa-
nies — for example, Hewlett-Packard, Oracle, Eli Lilly & Co.
and Parke-Davis (a division of Pfizer Inc.) — showed them-
selves capable of systematically generating more alliance value
than others. (See "A Dedicated Function Improves the Success
of Strategic AUiances, 1993-1997.")
How do they do it? By building a dedicated strategic-
: CTeaWo OMerfSIS SUMMER 2001 MIT SLOAN MANAGEMENT REVIEW 37
alliance function. The companies and others like them appoint
a vice president or director of strategic alliances with his or her
own statf and resources. The dedicated function coordinates all
alliance-related activity within the organization and is charged
with institutionalizing processes and systems to teach, share and
leverage prior alliance-management experience and know-how
throughout the company. And it is effective. Enterprises with a
dedicated function achieved a 25% higher long-term success
rate with their alliances than those without such a function —
and generated almost four times the market wealth whenever
they announced the formation of a new alliance. (See "Research
Design and Methodology.")
How a Dedicated Alliance Functian Creates Value
An eftcctivc dedicated strategic-ii Ilia nee function performs four
key roles: U improves knowledge-management efforts, increases
external visibility, provides internal coordination, and eliminates
both accountability problems and intervention problems. {See
"The Role of the Alliance Function and How It Creates Value.")
...
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Issue | McKinsey Quarterly 2013 Number 4
@McKQuarterly
Strategy to beat the odds
Examines how to make wise strategic choices, mobilize the C-suite to take advantage of big data, use social technologies to engage employees and transform organizations, and build vibrant communities with help from companies.
Kevin Martin: The New Corporate Currency
People Analytics Conference 2023 Summer
Website: https://pacamp.org
Youtube: https://www.youtube.com/channel/UCeHtPZ_ZLZ-nHFMUCXY81RQ
FB: https://www.facebook.com/pacamporg
1. Discuss the organization and the family role in every one of the.docxcroysierkathey
1. Discuss the organization and the family role in every one of the heritages mentioned about and how they affect (positively or negatively) the delivery of health care.
2. Identify sociocultural variables within the Irish, Italian and Puerto Rican heritage and mention some examples.
References must be no older than 5 years. A minimum of 700 words is required.
.
1. Compare and contrast DEmilios Capitalism and Gay Identity .docxcroysierkathey
1. Compare and contrast D'Emilio's
Capitalism and Gay Identity
with the
From Mary to Modern Woman
reading. What patterns do you see that are similar to the modern American society? What can be said about global notions of gender in the modern age? Feel free to invoke Foucault.
2. How is the writer's experience important in the story being told in
Middlesex
? Describe your reaction to the reading and invoke some of the concepts discussed in the
Queer Theory
reading to try to make sense of sexuality when it does not match your own conventions. Compare both readings, but go deeper to explore your own stereotypes and socialization.
**PLEASE READ THE READINGS IN ODER TO DO THIS ASSIGNMENT.
.
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Similar to Loading...Top of Formcitation_instructionAccessibility Inf.docx
Deadline 10 Hours Maximum, no extension pleaseNumber of pages .docxsimonithomas47935
Deadline: 10 Hours Maximum, no extension please
Number of pages: 3 (825 words)
Academic Level: Postgraduate
Instructions: • Write a 3- to 4-page critique of Desai's 2008 article "The Finance Function of a Global Corporation," linked in the Resources under the Required Resources heading.
Note that a critique is not just a summary or opinion—it requires a formal analysis and critical review. Your critique should address what the author is saying and what arguments are being made. Be sure to examine whether the author's arguments are supported with facts or data. Address what implications the article may have. Consider what the author has omitted from the article.
In your analysis, address the following points:
• Analyze the validity of finance and value creation arguments.
What are the facts and data upon which those arguments rest?
How do these facts validate or invalidate the author's arguments?
• Assess the use of financial persuasion to support the arguments.
What financial persuasion elements were present?
Were any financial data or facts omitted?
• Analyze the financial implications of the author's arguments.
What does this mean for the organization?
Are there implications for constituents and interested parties?
• Synthesize your analysis of the article and your observation of the finance function at your workplace, or a major publicly rated corporation.
What new or deeper understandings do you have about the finance function?
What other insights do you have about the finance function? Use the arguments, facts, data, and financial persuasion elements from the article to support your understanding of the finance function.
Your paper should be written in a manner that is professional and consistent with expectations for members of the business professions.
Additional Requirements
• Written communication: Written communication is free of errors that detract from the overall message.
• APA formatting: Resources and citations are formatted according to current APA style and formatting.
• Number of resources: Minimum of three references.
• Length of paper: 3–4 typed, double-spaced pages.
• Font and font size: Times New Roman, 12 point.
ORGANIZATION & CULTURE FINANCE & ACCOUNTING MARKETING MANAGING TECHNOLOGY MARKETING
STRATEGY & COMPETITION HUMAN RESOURCES MARKETING ORGANIZATION & CULTURE MANAGING
TECHNOLOGY FINANCE & ACCOUNTING ORGANIZATION & CULTURE MARKETING STRATEGY & COMPETITION
HUMAN RESOURCES MANAGING TECHNOLOGY FINANCE & ACCOUNTING ORGANIZATION & CULTURE MARKETING
STRATEGY & COMPETITION HUMAN RESOURCES MANAGING TECHNOLOGY MARKETING STRATEGY &
COMPETITION HUMAN RESOURCES ORGANIZATION & CULTURE FINANCE & ACCOUNTING HUMAN RESOURCES
H
HISTORICALLY, the fi nance functions in large U.S. and Euro-
pean fi rms have focused on cost control, operating budgets,
and internal auditing. But as corporations go global, a world of
fi nance opens up within them, presenting new opportunities
and challenge.
Elevate your enterprise cfo role reportCor Ranzijn
Companies in virtually every industry are undergoing a secular change to new, platform- based businesses. To thrive, organizations need to digitally reinvent their enterprise business
and operating models. CFO"s continue to be instrumental in providing the analytical insights to help the enterprise invest capital into new opportunities. Essential to this process is a highly collaborative, in-synch C-suite. The CFO’s newest mandate – to help steer the strategic direction
of the enterprise and do so iteratively – requires changes to their finance organizations. Startlingly, nearly half of CFOs report their own finance organizations fall short of what’s required.
How To MakeStrategic Alliances WorkDeveloping a dedicate.docxpooleavelina
How To Make
Strategic Alliances Work
Developing a dedicated
alliance function is key to
building the expertise needed
for competitive advantage.
Jeffrey H. Dyer,
Prashant Kale and
Harbir Singh
Strategic alliances — a fast and flexible
way to access complementary resources
and skills that reside in other companies
— have become an important tool for
achieving sustainable competitive advan-
tage. Indeed, the past decade has witnessed
an extraordinary increase in alliances.'
Currently, the top 500 global businesses have an average of 60
major strategic alliances each.
Yet alliances are fraught with risks, and almost half fail.
Hence the ability to form and manage them more effectively
than competitors can become an important source of compet-
Jeffrey H. Dyer is a professor of international strategy at Brigham
Young University's Marriott School in Provo. Utah. Prashant Kale is
an assistant professor at University of Michigan Business School.
Harbir Singh is a professor of management at the Wharton School
of the University of Pennsylvania. Contact the authors at
[email protected][email protected] and [email protected]
itivc advantage. We conducted an in-depth study of 200 cor-
porations and their 1,572 alliances. We found that a company's
stock price jumped roughly 1% with each announcement ofa
new alliance, which translated into an increase in market value
of $54 million per alliance.^ And although all companies
seemed to create some value through alliances, certain compa-
nies — for example, Hewlett-Packard, Oracle, Eli Lilly & Co.
and Parke-Davis (a division of Pfizer Inc.) — showed them-
selves capable of systematically generating more alliance value
than others. (See "A Dedicated Function Improves the Success
of Strategic AUiances, 1993-1997.")
How do they do it? By building a dedicated strategic-
: CTeaWo OMerfSIS SUMMER 2001 MIT SLOAN MANAGEMENT REVIEW 37
alliance function. The companies and others like them appoint
a vice president or director of strategic alliances with his or her
own statf and resources. The dedicated function coordinates all
alliance-related activity within the organization and is charged
with institutionalizing processes and systems to teach, share and
leverage prior alliance-management experience and know-how
throughout the company. And it is effective. Enterprises with a
dedicated function achieved a 25% higher long-term success
rate with their alliances than those without such a function —
and generated almost four times the market wealth whenever
they announced the formation of a new alliance. (See "Research
Design and Methodology.")
How a Dedicated Alliance Functian Creates Value
An eftcctivc dedicated strategic-ii Ilia nee function performs four
key roles: U improves knowledge-management efforts, increases
external visibility, provides internal coordination, and eliminates
both accountability problems and intervention problems. {See
"The Role of the Alliance Function and How It Creates Value.")
...
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Issue | McKinsey Quarterly 2013 Number 4
@McKQuarterly
Strategy to beat the odds
Examines how to make wise strategic choices, mobilize the C-suite to take advantage of big data, use social technologies to engage employees and transform organizations, and build vibrant communities with help from companies.
Kevin Martin: The New Corporate Currency
People Analytics Conference 2023 Summer
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1. Discuss the organization and the family role in every one of the.docxcroysierkathey
1. Discuss the organization and the family role in every one of the heritages mentioned about and how they affect (positively or negatively) the delivery of health care.
2. Identify sociocultural variables within the Irish, Italian and Puerto Rican heritage and mention some examples.
References must be no older than 5 years. A minimum of 700 words is required.
.
1. Compare and contrast DEmilios Capitalism and Gay Identity .docxcroysierkathey
1. Compare and contrast D'Emilio's
Capitalism and Gay Identity
with the
From Mary to Modern Woman
reading. What patterns do you see that are similar to the modern American society? What can be said about global notions of gender in the modern age? Feel free to invoke Foucault.
2. How is the writer's experience important in the story being told in
Middlesex
? Describe your reaction to the reading and invoke some of the concepts discussed in the
Queer Theory
reading to try to make sense of sexuality when it does not match your own conventions. Compare both readings, but go deeper to explore your own stereotypes and socialization.
**PLEASE READ THE READINGS IN ODER TO DO THIS ASSIGNMENT.
.
1.Purpose the purpose of this essay is to spread awareness .docxcroysierkathey
1.
Purpose: the purpose of this essay is to spread awareness around stereotyping and how it can be very hurtful to some people.
2.
Audience: Anyone that uses stereotypical jokes or saying around people that are different than them even without realizing that they are making a stereotypical joke or statement.
3.
Genre: the genre that I will be trying to reach out to in this essay will be informational, reason being is that I mainly look at informational online documentaries and stories.
4.
Stance and tone: I’m just a young man who grew up around a lot of people from different places and have different cultures and never paid attention in my younger years to what was happening from stereotyping others that they are different till recently.
5.
Graphic design
: My essay will be a strict academic essay
.
1. Tell us why it is your favorite film.2. Talk about the .docxcroysierkathey
1. Tell us why it is your favorite film.
2. Talk about the interconnection between the aesthetic and the technical aspects of the film. This should include at least seven of the following: Editing, Film Structure, Cinematography, Lighting, Colors, Screenwriting, Special effects, Sound and Music.
3. After this course, will you see you favorite film in a different light? Why or why not?
.
1.What are the main issues facing Fargo and Town Manager Susan.docxcroysierkathey
1.What are the main issues facing Fargo and Town Manager Susan Harlow?
Fargo and Town Manager Harlow are on a slippery slope to corruption. I think that Harlow is handling her position the correct way by trying to remain neutral and sticking to a code of ethics so the problem really comes down to the political actors in the town. It is good that Harlow declined the invite to the dinner party, and cracked down on employees playing politics at work, that is a step in the right direction to removing the possibility of political corruption.
2.What is the basis for your answer to question #1?
At the end of the article Harlow remembers another city manager saying “you never have more authority than the day you walk into your office” What I get from that, and what I think Harlow got from that is that when you come into a position as a public manager everyone is going to want something from you. Political actors are going to want political favors, quid pro quos, you have something that everyone else wants and they are going to try and get that from you.
3.What are your recommended solutions to the problems you identified?
I think the best thing to do would be to continue to try to remain neutral. It will always be impossible to please absolutely everybody so the best thing to do is try to avoid doing everything everyone asks and stick to some sort of code of ethics.
4.What points do you agree, disagree or want further discussion from your fellow classmates and why? (tell them not me)
I think the overarching theme of this article is that people are going to want things from the government. I agree with Harlow's steps to avoid political corruption in her administration by cracking down on political favors with the snow plows and referring to the ICMA code of ethics.
.
1.Writing Practice in Reading a PhotographAttached Files.docxcroysierkathey
1.
Writing: Practice in Reading a Photograph
Attached Files:
Bachman, Ieshia Evans, Baton Rouge (2016).jpg
(277.283 KB)
For this assignment, you will practice analyzing how various rhetorical elements contribute to the overall meaning of a visual image--in this case, a photograph. To begin, click on the attached image.
By way of some context, this photo was taken in 2016 at a protest rally in Baton Rouge, Louisiana. The woman in the photo is named Ieshia Evans. The photographer is named Jonathan Bachman. Bachman's photo, which was first published by Reuters, was a finalist for a Pulitzer Prize in 2017. You can use this information to do more research on the image, if you like.
Now, review once again the Elements and Methods of Visual Rhetoric document and select from it
three
elements that you wish to discuss in relation to this photo. Please note that this is not a formal essay assignment, so do not treat it as such. For example, you do not need to create a formal introduction.
Begin by simply providing an
interpretive claim
--i.e., stating what you believe is the meaning or message of Bachman's photo. Ideally, this should be just
one
sentence (tho you can write two if necessary). After that, your document simply needs to contain
three paragraphs
, one for each rhetorical element you have selected. In each paragraph, you need to explain fully how the particular element contributes to the overall meaning or message of the image.
Note: Your assignment must be submitted as an attached .doc or .docx file. Name your file correctly, using your last name and brief description of assignment (e.g., Martinez, Photograph.docx).
2.
DB: Interpreting Political Ads
In this discussion board, you will be discussing and interpreting a recent political ad entitled "Mourning in America," which was produced by The Lincoln Project, a political action committee (PAC). If you are not familiar with the group, take a moment to research it, as that context will add to your understanding and interpretation. You can
click here
to view the ad.
As you watch "Mourning in America", think carefully about how this political advertisement compares and contrasts with Ronald Reagan's "Morning in America" ad, in terms of its rhetorical methods as well as its overall message. You will be asked to comment on
three
specific rhetorical elements, so decide which ones stand out most to you and take careful notes on those to prepare for the discussion.
When you are ready, click the link above to enter the Discussion Board, and then follow the instructions in the first thread posted in this forum for responding to this material.
Questions:-
Mourning in America
COLLAPSE
Your task here is to share with your peers your ideas on how
three
specific rhetorical elements or your choosing are used in this ad to make its appeal to an audience and to convey a message.
1. Identity the three rhetorical elements that you have selected and then
explain
how each .
1.Some say that analytics in general dehumanize managerial activitie.docxcroysierkathey
1.Some say that analytics in general dehumanize managerial activities, and others say they do not. Discuss arguments for both points of view.
2.What are some of the major privacy concerns in employing intelligent systems on mobile data?
3. Identify some cases of violations of user privacy from current literature and their impact on data science as a profession.
4.Search the Internet to find examples of how intelligent systems can facilitate activities such as empowerment, mass customization, and teamwork.
Note: Each question must be answered in 5 lines and refrences must be APA cited.
.
1.What is the psychological term for the symptoms James experiences .docxcroysierkathey
1.What is the psychological term for the symptoms James experiences after abstaining from consuming
alcohol? How do changes in the functioning of neurotransmitter systems produce these symptoms?
2.With reference to associative learning principles/models/theories, why does James consume alcohol
to alleviate these symptoms? What motivates his drinking behaviour given that he no longer enjoys this
activity (most of the time)?
3.How do these factors prevent James from quitting his drinking, and lead to a cycle of relapse when he
attempts to do so? Why are these processes important for our understanding of addiction and
substance use disorders.
1 Page
at least 3 sources
APA
.
1.Write at least 500 words discussing the benefits of using R with H.docxcroysierkathey
1.Write at least 500 words discussing the benefits of using R with Hadoop. Use APA format and Include at least 3 quotes from your sources enclosed in quotation marks.
2.Write at least 500 words discussing how insurance companies use text mining to reduce fraud. Use APA format and Include at least 3 quotes from your sources enclosed in quotation marks.
.
1.What is Starbucks’ ROA for 2012, 2011, and 2010 Why might focusin.docxcroysierkathey
1.What is Starbucks’ ROA for 2012, 2011, and 2010? Why might focusing specifically on ROA be misleading when assessing asset management (aka management efficiency)?
2.Why is ROE considered the most useful metric in measuring the overall ability of a business strategy to generate returns for shareholders?
3. How do the financial statements reveal company strategy (i.e., what story do the numbers tell and does that story align with the strategy of Starbucks?)?
.
1. Discuss the cultural development of the Japanese and the Jewis.docxcroysierkathey
1. Discuss the cultural development of the Japanese and the Jewish heritage.
2. What are the cultural beliefs of the Japanese and Jewish heritage related to health care and how they influence the delivery of evidence-based healthcare?
A minimum of 2 evidence-based references
no older than 5 years is required.
A minimum of 600 words
(excluding the first and references page) is required.
.
1. Discuss at least 2 contextual factors(family, peers, school,.docxcroysierkathey
1.
Discuss at least 2 contextual factors(family, peers, school, community, work, etc.) that might make young people more or less likely to experience adolescence as a period of storm and stress.
2. How might the dramatic physical changes that adolescents undergo—and the accompanying reactions from others—influence other aspects of development, such as social or emotional development?
3. Describe some ways in which adolescent decision making is a product of interactions among puberty, brain development, cognitive growth, and contextual influences such as parents, peers, and community.
.
1.Write at least 500 words in APA format discussing how to use senti.docxcroysierkathey
1.Write at least 500 words in APA format discussing how to use sentiment analysis how political speech affects voters. Use at least 3 references in APA format.
2.Read the below article(link below) on statistics for categorical variables. Write at least 500 words in APA format discussing how to use these statistics to help understand big data.
Link: https://uc-r.github.io/descriptives_categorical
.
1.The following clause was added to the Food and Drug Actthe S.docxcroysierkathey
1.The following clause was added to the Food and Drug Act:
“the Secretary [of the Food and Drug Administration] shall not approve for use in food any chemical additive found to induce cancer in man, or, after tests, found to induce cancer in animals.”
After this clause was adopted, no new additives could be approved for use in food if they caused cancer in people or animals.
The public loved this and industry hated it.
What do you think of this clause? Do you support it or do you oppose it?
At the top of your post, please indicate SUPPORT or OPPOSE and then give your rationale. Then after you can view your classmates' posts, make your case to your fellow students.
2.There was a law that individuals who were indigent and who wished to litigate could apply to the courts for a total waiver of the normal filing fee. In the legislative session, however, a statute was enacted which limits the courts' authority to waive filing fees in lawsuits brought by prisoners against the state government.
Under this new law, a court has to require the prisoner to pay a filing fee "equal to 20 percent ... of the average monthly deposits made to the prisoner's [prison] account ... or the average balance in that account", whichever is greater (unless this calculation yields a figure larger than the normal filing fee).
A prisoner (who was indigent) wanted to appeal his case and was to be charged this fee. He filed suit claiming it was unconstitutional to charge this fee to prisoners.
Choose the side of the prisoner or the side of the state and tell why you would rule for the side you chose.
At the top of your post, please indicate SUPPORT PRISONER or OPPOSE PRISONER and then give your rationale. After you can view your classmates' posts, make your case to your fellow students.
3.A defendant pleaded guilty to receiving and possessing child pornography and was sentenced to 108 months in prison. The sentencing judge raised the defendant’s base offense level….by two levels because "a computer was used for the transmission" of the illegal material.
The appeal filed challenged the punishment enhancement (not his guilt of the base punishment.)
The defendant argued the law did not apply to him because he did not use a computer to transmit the material. (ie He was the receiver, not the sender, of the child pornography.)
Do you believe that the sentence enhancement should be upheld? Give an economic analysis and rational for your choice.
At the top of your post, please indicate SENTENCE UPHELD or SENTENCE REVERSED and then give your economic analysis/rationale. After you can view your classmates' posts, make your case to your fellow students.
4.The ordinance was enacted that gives tenants more legal rights including:
the payment of interest on security deposits;
requires that those deposits be held in Illinois banks;
allows (with some limitations) a tenant to withhold rent in an amount reflecting the cost to him of the landlord's v.
1.What are social determinants of health Explain how social determ.docxcroysierkathey
1.What are social determinants of health? Explain how social determinants of health contribute to the development of disease. Describe the fundamental idea that the communicable disease chain model is designed to represent. Give an example of the steps a nurse can take to break the link within the communicable disease chain.
Resources within your text covering international/global health, and the websites in the topic materials, will assist you in answering this discussion question.
2. Select a global health issue affecting the international health community. Briefly describe the global health issue and its impact on the larger public health care systems (i.e., continents, regions, countries, states, and health departments). Discuss how health care delivery systems work collaboratively to address global health concerns and some of the stakeholders that work on these issues.
Resources within your text covering international/global health, and the websites in the topic materials, will assist you in answering this discussion question.
.
1.This week, we’ve been introduced to the humanities and have ta.docxcroysierkathey
1.
This week, we’ve been introduced to the humanities and have taken some time to consider the role of the humanities in establishing socio-cultural values, including how the humanities differ from the sciences in terms of offering unique lenses on the world and our reality. Since one of the greatest rewards of being a human is engaging with different forms of art, we’ve taken some time this week to learn about what it means to identify and respond to a work of art. We’ve learned about the difference between abstract ideas and concrete images and concepts like structure and artistic form. To help you deepen your understanding of these foundational ideas, your Unit 1 assignment will consist of writing an essay addressing using the following criteria:
Essay Requirements:
• 1,000 words or roughly four double-spaced pages.
• Make use of at least three scholarly sources to support and develop your ideas. Our course text may serve as one of these three sources.
• Your essay should demonstrate a thorough understanding of the READ and ATTEND sections.
• Be sure to cite your sources using proper APA format (7th edition).
Essay Prompt:
• In this essay, you will consider the meaning of art and artistic form by responding to these questions:
o To what extent does Kevin Carter’s Pulitzer Prize-winning photograph (figure 2-5) have artistic form?
o Using what you’ve learned in Chapters 1, 2 and 14 explain if you consider Carter’s photograph a work of art? Be sure to point to specific qualities of the photograph to support/develop your response.
o How do you measure the intensity of your experience in response to Carter’s photograph? What does it make you see/feel/imagine and how does your response/reaction support Carter’s image as a work of art?
.
1.What are barriers to listening2.Communicators identif.docxcroysierkathey
1.
What are barriers to listening?
2.
Communicators identified the following as major listening poor habits. Search what each poor habit means and try to set an example using your own experience.
Poor listening habit:
Pseudo-listening, Stage hogging, Filling in gaps, Selective listening, Ambushing (
Definition & Example)
.
1.Timeline description and details There are multiple way.docxcroysierkathey
1.
Timeline description and details
: There are multiple ways to construct a timeline. Find one that fits you and your information.
Include 10-15 events, each including the following descriptors:
- titles of books or writings or some sort of identifier
- your age or some time reference
- and whether it was a positive or negative experience
.
1.The PresidentArticle II of the Constitution establishe.docxcroysierkathey
1.
The President
Article II of the Constitution established the institution of the presidency. Select any TWO Presidents prior to 1933 and any TWO Presidents since 1933 and for EACH one:
a.
Discuss
any
expressed
power used by each president and the
impact
that decision had on American society at the time of its use
b.
Explain
whether you
agree/disagree
with the presidential action taken and
WHY
c.
Describe
one
legislative initiative
promoted by each president and the
impact
on America at the
time of its passage
as well as what the impact of that legislation is
TODAY
d.
Discuss
one
executive order
issued by each president and whether you
agree/disagree
with the order and
WHY
1.
Select any FOUR United States Supreme court decisions related to Civil Rights/Civil Liberties and for
each one
:
a.
Describe
the facts of the case
b.
Discuss
the arguments of each side as it pertains to the
Constitutional issue
being addressed
c.
Explain
the decision citing
Constitutional rationale
of the court including any dissenting opinion if not a unanimous verdict
d.
Explain
whether you
agree/disagree
with the court’s decision and
WHY
.
1.What other potential root causes might influence patient fal.docxcroysierkathey
1.
What other potential root causes might influence patient falls?
2.
Equipped with the data, what would you do about the hypotheses that proved to be unsupported?
3.
Based on the correctly identified hypothesis in the case scenario, what would be your course of action if you were the CEO/president of St. Xavier Memorial Hospital?
4.
What do you think of the CNO’s (Sara Mullins) position of “waiting and seeing what the data tells us” instead of immediately jumping to conclusions?
.
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How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
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.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
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!
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The global company's challenge
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2. Citation
Title:
The global company's challenge.
Authors:
Dewhurst, Martin1
Harris, Jonathan2
Heywood, Suzanne
Aquila, Kate
Source:
McKinsey Quarterly. 2012, Issue 3, p76-80. 5p.
Document Type:
Article
Subject Terms:
*International business enterprises
*Emerging markets
*Economies of scale
*Contracting out
*Risk management in business
*Business models
*Executives
*Financial leverage
*Globalization
*Research & development
Developing countries
Company/Entity:
International Monetary Fund DUNS Number: 069275188
Aditya Birla Management Corp. Pvt. Ltd.
International Business Machines Corp. DUNS
Number: 001368083 Ticker: IBM
NAICS/Industry Codes:
919110 International and other extra-territorial public
administration
928120 International Affairs
541712 Research and Development in the Physical,
Engineering, and Life Sciences (except Biotechnology)
3. 541711 Research and Development in Biotechnology
Abstract:
The article focuses on the management of risks, costs, and
strategies by international businesses in emerging markets. It
states that the International Monetary Fund reported that the ten
fastest-growing economies after 2012 will all be in developing
countries. It mentions that technology company International
Business Machines expects by 2015 to earn 30 percent of
revenues in emerging markets compared to 17 percent in 2009,
while Indian multinational conglomerate Aditya Birla Group
earns over half of its revenue outside India and has operations
in 40 nations. It talks about the benefit of economies of scale in
shared services enjoyed by large global companies and
comments that the ability to outsource business services and
manufacturing is benefiting local businesses.
Author Affiliations:
1director in McKinsey's London office
2director in the New York office
Full Text Word Count:
1632
ISSN:
0047-5394
Accession Number:
78031780
Database:
Business Source Complete
PlumPrintNo Results Found
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The global company's challenge
Contents
1. Strategic confidence and stretch
2. People as an asset and a challenge
4. 3. Scale and scope benefits, complexity costs
4. Risk diversification and the loss of familiarity
5. FOOTNOTES
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As the economic spotlight shifts to developing markets, global
companies need new ways to manage their strategies, people,
costs, and risks.
Managing global organizations has been a business challenge
for centuries. But the nature of the task is changing with the
accelerating shift of economic activity from Europe and North
America to markets in Africa, Asia, and Latin America.
McKinsey Global Institute research suggests that 400 midsize
emerging-market cities, many unfamiliar in the West, will
generate nearly 40 percent of global growth over the next 15
years. The International Monetary Fund confirms that the ten
fastest-growing economies during the years ahead will all be in
emerging markets. Against this backdrop, continuing advances
in information and communications technology have made
possible new forms of international coordination within global
companies and potential new ways for them to flourish in these
fast-growing markets.
There are individual success stories. IBM expects to earn 30
percent of its revenues in emerging markets by 2015, up from
17 percent in 2009. At Unilever, emerging markets make up 56
percent of the business already. And Aditya Birla Group, a
multinational conglomerate based in India, now has operations
in 40 countries and earns more than half its revenue outside
India.
But, overall, global organizations are struggling to adapt. A
year ago, we uncovered a "globalization penalty": high-
performing global companies consistently scored lower than
more locally focused ones on several dimensions of
organizational health.[ 1] For example, the former were less
effective at establishing a shared vision, encouraging
5. innovation, executing "on the ground," and building
relationships with governments and business partners. Equally
arresting was evidence from colleagues in McKinsey's strategy
practice showing that global companies headquartered in
emerging markets have been growing faster than counterparts
headquartered in developed ones, even when both are operating
on "neutral turf": emerging markets where neither is based (see
"Parsing the growth advantage of emerging-market companies,"
on page 10).
Over the past year, we've tried to understand more clearly the
challenges facing global organizations, as well as approaches
that are helping some to thrive. Our work has included surveys
and structured interviews with more than 300 executives at 17
of the world's leading global organizations spanning a diverse
range of sectors and geographies, a broader survey of more than
4,600 executives, and time spent working directly with the
leaders of dozens of global organizations trying to address these
issues.[ 2]
Clearly, no single organizational model is best for all
companies handling the realities of rapid growth in emerging
markets and round- the-clock global communications. That's
partly because the opportunities and challenges facing
companies vary, depending on their business models. R&D-
intensive companies, for example, are working to staff new
research centers in the emerging world and to integrate them
with existing operations. Firms focused on extracting natural
resources are adapting to regulatory regimes that are evolving
rapidly and sometimes becoming more interventionist.
Consumer-oriented firms are facing sometimes-conflicting
imperatives to tailor their businesses to local needs while
maintaining consistent global processes.
Another reason no single model fits all global companies is that
their individual histories are so different. Those that have
grown organically often operate relatively consistently across
countries but find it hard to adjust their products and services to
local needs, given their fairly standardized business models.
6. Companies that have mainly grown through M&A, in contrast,
may find it easier to tailor operations to local markets but
harder to integrate their various parts so they can achieve the
potential of scale and scope and align a dispersed workforce
behind a single set of strategies and values.
Although individual companies are necessarily responding
differently to the new opportunities abroad, our work suggests
that most face a common set of four tensions in managing
strategy, people, costs, and risk on a global scale. The
importance of each of these four tensions will vary from
company to company, depending on its particular operating
model, history, and global footprint. (For more on the
implications of these uneven globalization efforts, see
"Developing global leaders," on page 100.) Taking stock of the
status of all four tensions can be a useful starting point for a
senior-management team aiming to boost an organization's
global performance.
Strategic confidence and stretch
Being global brings clear strategic benefits: the ability to access
new customer markets, new suppliers, and new partners. These
immediate benefits can also create secondary ones. Building a
customer base in a new market, for example, provides
familiarity and relationships that may enable additional
investments -- say, in a research center.
But being global also brings strategic challenges. Many
companies find it increasingly difficult to be locally flexible
and adaptable as they broaden their global footprint. In
particular, processes for developing strategy and allocating
resources can struggle to cope with the increasing diversity of
markets, customers, and channels. These issues were clear in
our research: fewer than 40 percent of the 300 senior executives
at global companies we interviewed and surveyed believed that
their employers were better than local competitors at
understanding the operating environment and customers' needs.
And barely half of the respondents to our broader survey
thought that their companies communicated strategy clearly to
7. the workforce in all markets where they operate.
People as an asset and a challenge
Many of the executives we interviewed believed strongly that
the vast reserves of skills, knowledge, and experience within the
global workforce of their companies represented an invaluable
asset. But making the most of that asset is difficult: for
example, few surveyed executives felt that their companies were
good at transferring lessons learned in one emerging market to
another.
At the same time, many companies find deploying and
developing talent in emerging markets to be a major challenge.
Barely half the executives at the 17 global companies we
studied in depth thought they were effective at tailoring
recruiting, retention, training, and development processes for
different geographies. An emerging- market leader in one global
company told us that "our current process favors candidates who
have been to a US school, understand the US culture, and can
conduct themselves effectively on a call with head office in the
middle of the night. The process is not designed to select for
people who understand our market."
One of our recent surveys showed how hard it is to develop
talent for emerging markets at a pace that matches their
expected growth. Executives reported that just 2 percent of their
top 200 employees were located in Asian emerging markets that
would, in the years ahead, account for more than one-third of
total sales. Complicating matters is the fact that local highfliers
in some key markets increasingly prefer to work for local
employers (see "How multinationals can attract the talent they
need," on page 92). Global companies are conscious of this
change. "Local competitors' brands are now stronger, and they
can offer more senior roles in the home market," noted one
multinational executive we interviewed.
Scale and scope benefits, complexity costs
Large global companies still enjoy economic leverage from
being able to invest in shared infrastructure ranging from R&D
centers to procurement functions. Economies of scale in shared
8. services also are significant, though no longer uniquely
available to global companies, as even very local ones can
outsource business services and manufacturing and avail
themselves of cloud-based computing.
But as global companies grow bigger and more diverse,
complexity costs inevitably rise. Efforts to standardize the
common elements of essential functions, such as sales or legal
services, can clash with local needs. And emerging markets
complicate matters, as operations located there sometimes chafe
at the costs they must bear as part of a group centered in the
developed world: their share of the expense of distant (and
perhaps not visibly helpful) corporate and regional centers, the
cost of complying with global standards and of coordinating
managers across far-flung geographies, and the loss of market
agility imposed by adhering to rigid global processes.
Risk diversification and the loss of familiarity
A global company benefits from a geographically diverse
business portfolio that provides a natural hedge against the
volatility of local growth, country risk, and currency risk. But
pursuing so many emerging-market opportunities is taking
global companies deep into areas with unfamiliar risks that
many find difficult to evaluate. Less than half of the
respondents to our 2011 survey thought these organizations had
the right risk-management infrastructure and skills to support
the global scale and diversity of their operations.
Furthermore, globally standard, exhaustive risk-management
processes may not be the best way to deal with risk in markets
where global organizations must move fast to lock in early
opportunities. One executive in an emerging-market outpost of a
global company told us "a mind-set that 'this is the way that we
do things around here' is very strongly embedded in our risk
process. When combined with the fact that the organization does
not fully understand emerging markets, it means that our risk
process might reject opportunities that [the global] CEO would
approve."
Understanding these tensions is just a starting point. Capturing
9. the benefits and mitigating the challenges associated with each
will require global companies to explore new ways of
organizing and operating. The following two articles explore
some of these new approaches -- to organizational design and to
talent management in global corporations, respectively.
FOOTNOTES
1 See Martin Dewhurst, Jonathan Harris, and Suzanne Heywood,
"Understanding your 'globalization penalty',"
mckinseyquarterly.com, July 2011.
2 See "Managing at global scale: McKinsey Global Survey
results," mckinseyquarterly.com, June 2012.
~~~~~~~~
By Martin Dewhurst, Martin Dewhurst is a director in
McKinsey's London office; Jonathan Harris, Jon Harris is a
director in the New York office. and Suzanne Heywood,
Suzanne Heywood is a principal
Contributions by Kate Aquila, The authors would like to
acknowledge the contributions of Kate Aquila and Roni Katz to
the development of this article.
Copyright of McKinsey Quarterly is the property of McKinsey
& Company, Inc. and its content may not be copied or emailed
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11. enabled
Week 1 - Assignment: Analyze the International Monetary
System
Write a paper about the International Monetary System that
addresses each of the following issues:
· Define the International Monetary System and outline the
history of the system.
· Describe and provide examples of what is meant by “currency
regimes,” and define selected types of regimes and form an
argument for selecting fixed exchange rate and arguments for
selecting flexible exchange rates.
· Describe and define the creation of the Euro and discuss the
benefits as well as the problems associated with the creation of
this currency.
Support your paper with at least five (5) resources. In addition
to these specified resources, other appropriate scholarly
resources, including older articles, may be included. Your paper
should demonstrate thoughtful consideration of the ideas and
concepts that are presented in the course and provide new
thoughts and insights relating directly to this topic. Your
response should reflect scholarly writing and current APA
standards.
Length: 5-7 pages (not including title and reference pages).
The Global Environment
This week, we explore the forces that motivate the creation of
multinational businesses and the financial environment that has
existing to support these global business initiatives. The
creation of multinational businesses begins with the theory of
comparative advantage. The theory argues that each country
will have resources that allow it to have a competitive
advantage in the production of certain goods. In turn, the
country will use that production to trade for other goods that it
wishes to consume but may not have a competitive advantage in
12. producing.
The multinational firm takes that same collection of resources
from countries and manages them in an efficient manner to
produce those goods in which the country holds that competitive
advantage. However, in order for these goods to be exchanged
across countries, the multinational business relies upon a stable
financial environment that allows for the exchange of
currencies. The international monetary system is comprised of a
collection of currencies with a variety of arrangements by
country for how their currency moves with other currencies.
These important financial structures have critical implications
for multinational businesses.
1. Review the resources listed in the Books and Resources area
below to prepare for this week's assignments.
2. Complete the following Spotlight on Skills if you need
assistance with the tools used to complete your assignments.
Spotlight on Skills: Preparing a Discussion Post
To view the Spotlight on Skills, go to the Course Resources
module in the table of contents and click on Spotlight on Skills.
Spotlight on Skills: APA Form and Style
To view the Spotlight on Skills, go to the Course Resources
module in the table of contents and click on Spotlight on Skills.
Week 1 - Discussion: Discuss International Financial
Management
Initiate a discussion on the theory of comparative advantage and
how you see it as important for a multinational business.
Explain what you feel are the three most important reasons for
why firms become multinational firms, and identify companies
that either do take advantages of those reasons or likely could
take advantage of those reasons for becoming a multinational
firm. Order these three reasons from most important to least
important, and defend your choices and this ordering.
This discussion will be open-ended to afford you the
opportunity to interact with your mentor and possibly other
13. students during the course. Both your content post and your
response post should reflect a collegial attitude, be free of
grammar and spelling errors, and include criteria mentioned
above.
Length: Content post 150-200 words