Notes, summaries, assignments, exams, and problems for Primary education

Assessing Readiness to Internationalize

To assess readiness to internationalize, consider the following:

1. Analyze Organizational Readiness

   Examine business strengths and weaknesses relative to international business by evaluating key factors such as appropriate financial and tangible resources, relevant skills and competencies, and commitment by senior management to international expansion.

2. Assess Product/Service Suitability

   Systematically assess the suitability of the firm's products and services for foreign markets. Evaluate the degree of fit between the product or service and foreign customer needs.

Bargaining Power & Entry Mode Selection

A high-control entry mode is likely to be selected when:

• The host government strongly desires to attract

IMG a company has many images as each person hold different images of the company. Company manages its images and develops them by coordinating its internal operations to build a desired image in the minds of various target audiences. It can help to deliver good customer service or also recover from an episode of bad publicity. The company's image is formed by what people say about the company and what the company says about itself. Vision is crucial. As a conclusion, it is the total impression an organization makes on the mind of people, this tends to humanize them to see them much as they do human in terms of being mature, liberal, or friendly. A healthy image characterizes strong emotional response, appearance of power (feeling the power... Continue reading "Building a Strong Company Image: Elements and Dimensions" »

Financial and E-commerce Terms

Banking and Finance

• Accept: To agree to receive or undertake something offered.
• Annuity: A fixed sum of money paid to someone each year, typically for the rest of their life.
• Appraisal: An expert estimate of the value of something.
• Arrangement Fee: A fee charged by a lender to cover the administrative costs of setting up a loan.
• ATM (Automated Teller Machine): A machine that dispenses cash or performs other banking services when an account holder inserts a bank card.
• Bank Wire: An electronic transfer of funds.
• Beneficiary: A person who derives advantage from something, especially a trust, will, or life insurance policy.
• Borrow: To take and use (something belonging to someone else) with the intention of returning it.
• Branch:

Stockholders' Equity

Rights of stockholders to share proportionately in:

1. Profits
2. Management
3. Corporate assets upon liquidation
4. Any new issues of stock of the same class (preemptive right)

Preemptive Right: Protects an existing stockholder from involuntary dilution of ownership interest.

Key Concepts

Additional Paid-in Capital: Indicates any excess over par value paid in by stockholders in return for the shares issued to them.

Retained Earnings: Represents the earned capital of the company.

Lump-Sum Sales: When a corporation issues two or more classes of securities for a single payment.

• Incremental Method: Company cannot determine the fair value of all classes of securities.
• Proportional Method: Determining relative value is available for each class of security.

Understanding Workflow Definitions

Workflow analysis is the process of describing and registering a job's goals, its principal accountabilities and activities, the conditions under which it is performed, and the required knowledge, skills, and aptitudes.

It is used when establishing:

• The organization's structure
• Job structure
• Levels of authority
• Control levels
• Performance criteria
• Redundant employees
• Counseling

There are strong relations between job analysis and:

• Organization's goals
• Technology
• HR planning
• Employee recruitment and selection
• Performance evaluation
• Training
• Compensation
• Career planning and management
• Health and life quality at the workplace

The influence that job design has on employee satisfaction, motivation, and performance has been known since... Continue reading "Job Analysis and Recruitment: Best Practices" »

TEMA 1

1.4. Subjects of Strategic analysis: Model of the five Competitive Forces (M. Porter). S.W.O.T.: System to diagnose company’s internal and external competitive position when setting strategic objectives weaknesses threats strengths and opportunities. 1.8. Strategic Planning: Is the process of setting long term objectives, analyzing internal strengths and weaknesses and compromising needed resources to prevent threats and profit from opportunities

People M&D Leadership Investors, leaders and associates Global Economy Collaborate 1990-Actual Human Capital Management Owners, managers, trade unions and collaborators International Economy Compete 1960-1990’s Human Resources Owners, HR dpt, trade unions and employees Economic Recovery

Performance Evaluation

1. The Concept of Performance Evaluation

Performance evaluation is a structured and systematic process used to measure, evaluate, and influence an employee's job-related attributes, behaviors, and results. It aims to discover how productive an employee is and whether they can improve in the future. While all companies want to increase their employees' productivity, only a few are checking the improvement in performance through evaluation. In general, employees work at only 60-70% of their capacity.

Performance evaluation gathers five key aspects:

• Job Analysis:
  • Output quantity
  • Output quality
  • Behavior developed (service level, customer attention, etc.)
  • Job-related attributes (loyalty, honesty, cooperation, etc.)

  The chosen evaluation

Compensation is considered a most important factor in workers' decisions to change companies.

1. Compensation Concepts and Components

Compensation is often the most direct motivational factor, encompassing:

1.1. Maslow's Hierarchy of Needs and Motivations (1943)

• Salary
• Social Benefits
• Status
• Recognition
• Promotion

1.2. McClelland's Theory of Three Employee Needs (1962)

• Achievement
• Affiliation
• Power

1.3. Herzberg's Dual-Factor Theory (1968)

• Hygiene Factors: (neutral or demotivating)
• Motivating Factors: (motivational)

1.4. Motivation Factors (Juan A. Pérez López, 1993)

• Salary
• Social Benefits
• Status
• Recognition
• Promotion
• Service

Other Compensation Elements:

• Vacation Days
• Company Expenses
• Health Coverage
• Company Pension Fund
• Company Car
• Flexible Timetable

2. Determining Factors

Ecological Concepts

Biomagnification and Bioaccumulation

Biomagnification is the process in which chemical substances become more concentrated at each trophic level. This occurs because organisms at higher trophic levels must consume more biomass to meet their requirements.

Bioaccumulation refers to the build-up of a chemical substance in the tissues of a single organism.

Indicator Species and Biotic Index

Indicator species are sensitive to specific environmental conditions and consequently have a limited range of tolerance.

A high biotic index indicates the presence of many pollution-sensitive organisms, denoting an unpolluted environment.

A low biotic index indicates a polluted environment, due to a relative abundance of pollution-tolerant organisms.... Continue reading "Ecological Concepts: Biomagnification, Biodiversity, and Population Dynamics" »

Corporate External Growth Strategies

Economic Conditions

Labor shortages

Lack of market growth

Vertical Growth

Achieved by taking over a function previously provided by a supplier or distributor.

Horizontal Integration

The degree to which a firm operates in multiple geographic locations at the same point in an industry’s value chain.

Vertical Integration

The degree to which a firm operates vertically in multiple locations on an industry’s value chain, from extracting raw materials to manufacturing to retailing.

Forward Integration

Assuming a function previously provided by a distributor.

Backward Integration

Assuming a function previously provided by a supplier.

Horizontal Growth

Expansion of operations into other geographic locations and/or increasing... Continue reading "Corporate Growth & Stability Strategies" »