Methods of Market-entry Strategy

Methods of Market-entry Strategy Chapter 8 Methods of entry A well planned market-entry strategy entails an operator greater management over its market initiation and launch expectations, thus providing assurance to meeting financial targets. Businesses nowadays attempt to accomphlish increment in sales, brand awareness and business sustainability by breaking into new markets. Formulation of a market entry strategy requires an in depth analysis of potential competitors and likely customers. There are numerous options to enter a market. The list comprises of direct and indirect exporting, joint ventures, Merger acquisitions or licensing of technology abroad. The risks benefits associated with each method are attributed to several elements. This includes the nature of the product or service you produce, the requirements for product or service support, and the foreign economic, political, business and cultural environment that the firm is seeking to enter. The ideal strategy is highly reliant on the firms level of resources and commitment, and the level of risk that the firm is willing to take. Many businesses select exporting as their entry strategy. Start-up costs and risks are kept to its minimal, and it is less complicated in comparison to the other methods. Exporting can be performed directly or indirectly. Via the direct method, the business extends its business plan to include exporting as a new activity and gathers knowledge and workers to execute the plan, i.e., locating foreign buyers, labelling product, making transportation arrangements, and invoicing. If the avenue of direct exporting is unavailable, firms can can consider indirect exporting via a foreign distributor. Barriers to trade, Depth of localized knowledge, price localization, competitors, and export subsidies are some of the relevant factors MNCs consider when deciding which entry strategy to pursue. Joint ventures A joint venture is a strategic alliance where 2 or more parties, usually businesses, form a alliance to share markets, assets, intellectual property, knowledge, and profits. The distinct difference between a joint venture and a merger is there is no transfer of ownership in the partnership. This partnership can happen between titans in an industry. Samsung siltronic (Singapore), for example, is a strategic alliance between Samsung and Siltronic. It can also materialise between two smaller businesses that believe coming together as one will allow for synegistic effect to ward off bigger competitors. Companies with similar products and services in their portfolio can also come together to enter markets they wouldnt or couldnt consider without investing large amount of capital. In addition, due to local regulations, some markets can only be entered through a joint venture with a local business. Example would be Delphi Automotive Systems Hasu Industries Sdn Bhd went into a joint venture to form Delphi Packard Electric Malaysia Sdn Bhd. In certain scenarios, a huge company can decide to form a joint venture with a smaller business. Its main objectives are to promptly acquire important intellectual property, technology, or resources otherwise difficult to acquire despiting having abundance of capital at their disposal. A few studies have been conducted. Their main findings revealed that most joint ventures have a failure rate corresponding to about 60% within a time span of 5 years. Experts concurr that the key attribute for success here is the human factor, such as the integration of human resources and the sharing of knowledge, rather than geographical or financial factors. Merger acquisition This approach is particularly enticing to companies in turbulent times. The reason why larger companies will attempt to takeover other companies is to initiate a more agressive, cost-efficient company. The companies coming together aims to attain a larger share of the market or to accomphlish greater efficiencies. Due to the potential benefits that is associated with the acquisition, target companies tend to agree to be purchased when they know the likelihood of their survival is low. When one company assumes control over another and distinctively established itself asthe new owner, the purchase is an acquisition. From a legal point of view, the targeted firm ceases to exist, the buyer devours the business and the buyersstock continues to be traded. A merger occurs when 2 firms, commonly of the same magnitude, agree to surge ahead as a singlenew entity rather than remain separately owned and operated. Both companies stocks cease to exist and new company stock is issued in its place. For instance, when Daimler-Benz and Chrysler merged, a new company, DaimlerChrysler, was born. Greenfield ventures Greenfield ventures is a form of foreign direct investment where a parent company sets up new operations in a foreign country by the construction of new plants and factories from scratch. In addition to constucting new facilities, new long-term jobs are created in the foreign country by the employment of new workers. Green field investments materialise when multinational corporations gain access into developing countries to construct new factories or stores. Developing countries tend to provide prospective companies tax rebates, subsidies and other types of incentives to entice MNCs to invest in their country. Governments rationale is that losing corporate tax revenue is a worthwhile tradeoff if jobs are created and knowledge, management know hows and technology is obtained to amplify the countrys human capita.

Comparing Emersons Self-Reliance and Dunbars We Wear the Mask :: Comparison Compare Contrast Essays

Comparing Emerson's Self-Reliance and Dunbar's We Wear the Mask      In Self-Reliance, Ralph Waldo Emerson condemns false appearances. Paul Laurence Dunbar's We Wear the Mask also supports this belief. However, there is a difference in the views of these two works. Emerson believes that people can shed their false social appearances and live a life true to themselves and others. Conversely, Dunbar thinks these pretenses are necessary. The authors' word choices and images support this argument. Ralph Waldo Emerson's "Self-Reliance" expresses his striving for individuality, rebellion against authority, and rejection of false social appearances. This is shown through his non-conformist writing style and ideas. On page 1034, Emerson states "Society is a joint-stock company in which the members agree for the better securing of his bread to each shareholder, to surrender the liberty and culture of the eater." To me, this image is of people giving up what they believe so they can protect themselves. "Securing" is making something safe or free from risk of loss, so "securing of his bread" could symbolize a person protecting their feelings or place in society. The price for this is "to surrender the liberty and culture." So, in order to protect themselves people must surrender or give up their liberty (freedom) and culture (beliefs).    Emerson also states that "virtues are penances...Their works are done as an apology or extenuation of their living in the world"(p. 1035). Virtue is righteousness while a penance is an act to show sorrow for a wrongdoing. "Works" refer to chores or efforts at righteousness. "Apology" means regret and "extenuate" can mean to cover up. "Living in the world" could be symbolic of the lying and deceit that people do in everyday life. Therefore, people labor to appear righteous in order to make up for, or cover up, the bad things that they do.    On page 1036 Emerson says, "We come to wear one cut of face and figure." This sounds symbolically like putting on a mask or false appearance. Later, on the same page, Emerson talks about "the forced smile which we put on in company." "Forced" means to strain or produce with effort. Consequently, this "smile" we put on in public is not easily shown, as true emotions would be, but produced difficultly as if it was fake or not true.    Emerson does not subscribe to this outward falseness or the desire to appear righteous. Comparing Emerson's Self-Reliance and Dunbar's We Wear the Mask :: Comparison Compare Contrast Essays Comparing Emerson's Self-Reliance and Dunbar's We Wear the Mask      In Self-Reliance, Ralph Waldo Emerson condemns false appearances. Paul Laurence Dunbar's We Wear the Mask also supports this belief. However, there is a difference in the views of these two works. Emerson believes that people can shed their false social appearances and live a life true to themselves and others. Conversely, Dunbar thinks these pretenses are necessary. The authors' word choices and images support this argument. Ralph Waldo Emerson's "Self-Reliance" expresses his striving for individuality, rebellion against authority, and rejection of false social appearances. This is shown through his non-conformist writing style and ideas. On page 1034, Emerson states "Society is a joint-stock company in which the members agree for the better securing of his bread to each shareholder, to surrender the liberty and culture of the eater." To me, this image is of people giving up what they believe so they can protect themselves. "Securing" is making something safe or free from risk of loss, so "securing of his bread" could symbolize a person protecting their feelings or place in society. The price for this is "to surrender the liberty and culture." So, in order to protect themselves people must surrender or give up their liberty (freedom) and culture (beliefs).    Emerson also states that "virtues are penances...Their works are done as an apology or extenuation of their living in the world"(p. 1035). Virtue is righteousness while a penance is an act to show sorrow for a wrongdoing. "Works" refer to chores or efforts at righteousness. "Apology" means regret and "extenuate" can mean to cover up. "Living in the world" could be symbolic of the lying and deceit that people do in everyday life. Therefore, people labor to appear righteous in order to make up for, or cover up, the bad things that they do.    On page 1036 Emerson says, "We come to wear one cut of face and figure." This sounds symbolically like putting on a mask or false appearance. Later, on the same page, Emerson talks about "the forced smile which we put on in company." "Forced" means to strain or produce with effort. Consequently, this "smile" we put on in public is not easily shown, as true emotions would be, but produced difficultly as if it was fake or not true.    Emerson does not subscribe to this outward falseness or the desire to appear righteous.

Depression: Signs and Symptoms

Mental Illness: Depression Depression a serious medical condition in which a person feels very sad, hopeless, unimportant, anger without enthusiasm, and often is unable to live in a normal life. Each person is different and will have unique symptoms, but here are some of the more common symptoms of depression: >Feeling of sadness and loss: Feeling that life is not worth living or worth the effort to even maintain their appearance or hygiene.They may believe that a negative situation will never change nd be pessimistic about their future >Feelings of guilt and worthlessness: Low self esteem and guilt assuming blame for negative events or circumstances. You may feel like a failure and have negative views about their competence and self- worth. You feel as if you are not â€Å"good enough. † >Changes in weight or appetite: Depression affects the appetite in one way or another. Often, you Just lose interest in eating because the food has no taste. When anxiety is high, you may not be able to eat.In some cases, however, people will overeat out of frustration or misery. >Changes in sleeping patterns like insomnia: Sleep disturbances are common symptoms of depression. A â€Å"good night's sleep† becomes virtually impossible. Many people complain of waking up in the middle of the night with their mind racing, wondering how they are going to overcome all of the obstacles before them. Others do little other than sleep but never feel rested. In both cases, the built up fatigue can aggravate every other aspect of depression.Reduces ability to think clearly or make decisions: It affects your ability to make decisions, think clearly, perform complicated tasks, concentrate, and remember things. You may feel that you don't remember things that you did before, that you cannot focus on your work, or that you are unable to make decisions >Anxiety: A feeling of worry, nervousness, or unease about something with an uncertain outcome. >Recurring thoughts of suicide or self-harm: When you suffer from depression, thoughts of suicide are often common.If there is no relief over a long period of time, suicide can feel like the only way to end the pain. >Social Isolation: Poor communication lacking connection with friends and family. Avoiding family gatherings and events. Teens that used to spend a lot of time with friends may now spend most of their time alone and without interests. Not sharing feelings with others, believing that you are alone in the world and no one is listening to you or even cares about you. Depression: Signs and Symptoms By spiderwebz

Native Americans and Cultural Assimilation Essays

Native Americans have had a long history of resistance to the social and cultural assimilation into white culture. By employing various creative strategies, Native Americans have attempted to cope with the changes stemming from the European colonial movement into the Americas. There are fundamental differences in world views and cultural and social orders between Indians and Europeans, which contributed to conservatism in Native American cultures. In this paper, two aspects of such cultural and institutional differences of Native American societies will be examined: holistic Native American beliefs versus dualistic world views and harmony versus domination. These two aspects are important in terms of explaining changes (or lack thereof) in†¦show more content†¦Calvinists also believed that â€Å"men were directed to transform the earth according to the divine will of God† (Champagne 1992:15); therefore, men were given complete freedom for environmental domination in o rder to transform this world that is full of flaws and sins and to appease God. From this perspective, nature is an object to be struggled against and overcome. Furthermore, Christianity, more specifically Calvinist belief, teaches the radical dualism of sacred and profane. From this perspective, this world characterized by sins, flaws, and suffering is profane, drawing comparison a comparison to the sacred afterworld. Native Americans, on the other hand, had less tension in this dichotomous relationship between this-worldliness and otherworldliness. Most Native cultures believed that their institutional and cultural elements, such as ceremonies, kinship, villages, and clans were given as gifts by the â€Å"Great Spirit†-- a benevolent and ubiquitous life force of the world. The Great Spirit communicates with humans through intermediaries that reside in nature, which makes Native Americans to live harmoniously with the earth. Everything on earth is considered a spiritual bein g that needs to be respected to keep the world in balance. Unlike the Christian God, the Great Spirit does not punish people for behaving bad or not believing in Him; the life out of balance with the earth and the community is the only punishment one can bring on him/herself.Show MoreRelatedNative American Cultural Assimilation Essay3830 Words   |  16 PagesNative American Cultural Assimilation from the Colonial Period to the Progressive October 2, 2011 Introduction Although the first European settlers in America could not have survived without their assistance, it was not long before the Native Americans were viewed as a problem population. They were an obstacle to the expansion plans of the colonial government and the same to the newly formed United States. The Native Americans were dealt with in various ways. During expansion someRead MoreMahatma Ghandi, An Indian Philosopher1424 Words   |  6 Pagesprovided displays such a stance, in regards to cultural distortion, as a result of globalization. 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American Indians are a group that will has an interesting set of challenges because they are a minority in the United States that did not emigrate from another country, but were essentially victims of American Manifest Destiny. Am erican Indians have gone through a lot of hardship in this country and continue to struggle with modern day America as they try to uphold their proud traditions. On the other hand Latinos deal with assimilation and mass in group segregationRead MoreThe Absolutely True Diary Of A Part Time Indian And The Film Crooked Arrows Directed By Steve Rash977 Words   |  4 Pagesinstitution for educating children, Cultural Assimilation: The process by which a person or a group’s language and/or culture come to resemble those of another group. In Sherman Alexie’s The absolutely true diary of a part-time Indian and the movie Crooked Arrows directed by Steve Rash, both touch on the topic of school and cultural assimilation. Based off these sources we are able to see how Native American culture is looked at while trying to appeal to the Euro- American standards of what’s acceptableRead MoreThe Word Assimilation785 Words   |  4 PagesThe word assimilation has many differen t meanings. Its interpretations range from the digesting of nutrients to the transfer of similar sounds. However, when sifting through the various definitions of assimilation, there is one concept that always seems to stand out. No matter what the source is or how it’s worded, there is almost always a reference to cultural groups. Whether it’s the acceptance of a group or the alteration of it, the customs of contrasting cultures continuously come up. One such