International management Essay Example | Topics and Well Written Essays - 2500 words - 1

International management - Essay Example Though The global financial crisis battered many European businesses, Bernard Arnault, the manager of LMVH, believes that his company will not suffer much in the long run, but will, on the contrary, continue growing in emerging markets; particularly China, India and Russia. This means the manager has faith in his strategy and, indeed, investing into further growth instead of cutting budgets in times of a financial crisis will provide the company with an advantage of getting new sources of income. LVMH’s management seems to understand the continuous need for development. As a result, the company will not lose its existing market share because of cost cuts (Pacek & Thorniley, 2007, p. 11). Arnault is setting realistic goals to achieve sustainable growth in the upcoming years. Working internationally Furthermore, intention to work in the emerging markets of China, India and Russia is very logical considering that in the emerging markets LVMH’s products will be filling larg e existing voids and, in addition, the company will have fewer competitors than in the developed markets (Miller, 1998, p. 148). So an emerging market is always a good environment for company’s success. Nevertheless, LVMH will face a number of challenges and risks entering the new markets. Among them are differences between cultures, political uncertainty, and currency exchange risks. As for all the other aspects, risks of domestic firms are basically similar to those of multinational ones and, hence, a decision of the company not to operate overseas may be caused only by these two mentioned above factors. At the same time, a multinational company, despite larger number of risks, has more advantages in comparison with a domestic one. The reason for it is the fact that while, exposed to some risks, the domestic office is working on the development of new profitable managing strategies, foreign subdivisions of the company are working and getting profits. At the same time a pure ly domestic company puts all its resources for solving the current problem and has no additional income. Nevertheless, a new business abroad will be exposed to a greater number of potential risks than a home-country one. Any multinational company is exposed to risks such as change of foreign currency exchange rate, commodity prices and interest rates because it denominates its transactions in foreign currencies. That’s why there is also some uncertainty in future earnings, liabilities and assets values. Therefore, before taking a decision on the country of entry, a profound analysis of its current political and economical situation is to be performed. Setting and implementing objectives One more important thing to consider is that there is always a possibility of risk influencing company’s strategic planning and strategy. Therefore, objectives should be flexible enough in order for the company to be able to adjust them to particular circumstances in case market environ ment or other factors influencing company’s operations change. Besides, not only management, but each separate employee of the company should be aware of such objectives, strategies and special programs in order to understand his/her particular part in their achievement better, and feel free to initiate actions aimed at their achievement. Every employee should have clear responsibilities and duties in this or that project in order for everyone to know and understand one’

#2 Religion Reflection Assignment on a reading by Scarboro and Luck Essay

#2 Religion Reflection Assignment on a reading by Scarboro and Luck called The Goddess and Power (Reading material is uploaded) - Essay Example While thinking about the first question the researcher discovered that the exposition of the paper makes a reader indulge into reflective mode since the reader is compelled to question what the real objective of the authors could be in writing this paper. It appears as if the author would discuss the emergence of religious diversity in order to show the accommodative, liberal and diverse nature of the American religious arena. However, the terms â€Å"religious plethora† â€Å"pagan ceremonies† and â€Å"radical† (Scarboro and Luck, 69) used in the second paragraph bear negative connotation for beliefs like Wicca and Witchcraft and seem to belittle the value of these beliefs in the very onset. This implies that the authors consider all such religious practices somewhat alien to the mainstream America belief systems. The research questions brought forward by the authors – â€Å"What is the appeal of witchcraft to contemporary Americans?† and â€Å"W hat does Wicca offer to the wider American religious tradition?† (69) – also implicate alienation, separation and distancing of these religious beliefs form the authors’ own beliefs. The wording and terminology used here could look more convincing if the authors had used more neutral language. The discussion also implies that the attributes of Wicca religion and the Witches’ attack on Christian beliefs make the readers assume that Wicca Witches are insolently bold and believe in personal and communal freedom. The words like â€Å"distant, stern, judging, vengeful [....] standing over against the human† (71) used by the Witches for the Christian God implicate that the Witches believe in a belief system which does not have any threat of judgement or punishment. Likewise, the gender inclusive nature of divinity in Wicca culture also sounds striking and imply that the practitioners of this religion believe in human rights and, more specifically speaking, women rights. The male

Analysis of the global challenges and economic situation in Argentina Essay

Analysis of the global challenges and economic situation in Argentina - Essay Example Inflation As the economic activity in Argentina has expanded in 2010, there was a sudden increase in money supply which has resulted in increasing the consumer prices. According to the Central Bank of Argentina, the YoY increase in money supply during Feb 2011 increased by nearly 27.8%. This resulted in increased inflation figures for Argentina. As a result, the exporters of the country, mainly in the manufacturing sector are losing their competitive position in the market, driven by increase in domestic costs and relative stability in the exchange rates (Ken 2011). â€Å"Beyond entrenched high inflation, the erosion of external competitiveness during 2010-2011 is another thorny issue the next administration will have to face, which, if not properly handled, could end up generating a crash- rather than soft-landing of the economy in 2012† - Alberto Ramos, Economist, Goldman Sachs, Mar 2011. As a result, Argentina’s middle class suffered most due to high inflation, there by affecting mobile phones, cable, petrol, health insurance premiums etc. in the month of Jan 2011 According to Argentina’s national statistics agency Indec, the country’s annual inflation in was 10% by the end of Feb 2011 and 10.6% by Jan 2011. Inflation was mainly supported by increase in prices of tourism services, clothing and increase in prices of food and beverages. Also, according to EIU, the inflation was supported by the government’s intervention in the agricultural sector which has resulted in the reduced production of important foodstuffs such as beef. Many local consulting companies in Argentina differ on these official inflation figures are they estimated the country’s inflation... This paper provides a thorough analysis of the recent economic developments in Argentina. The essay aims to analyse the current economic environment in Argentina, including GDP, Inflation, Industrial Production Index, agriculture, the country’s debt situation, foreign exchange rate, unemployment, Consumer ABS, Central Government revenue and expenditures. Argentina’s GDP grew by 9.2% year-on-year through the quarter ended Dec 2010. The economy’s strong performance was driven by domestic demand, with private consumption rising 11.5% year on year, up from 8.9% in the previous quarter. As the economic activity in Argentina has expanded in 2010, there was a sudden increase in money supply which has resulted in increasing the consumer prices. According to the Central Bank of Argentina, the YoY increase in money supply during Feb 2011 increased by nearly 27.8%. The country aims to impose trade barriers due to high imports. In 2010, Argentina reported 46% rise in its imports, to reach $56.4 billion. This was mainly due to heavy imports of intermediate goods used by automobile industry and capital goods industry. Argentina has stepped up trade barriers in terms of import duties or the range of products. The government should remove growth obstacles by reducing import and export tariffs and moderating its stringent price control measures. This would result in increasing the trade activity with other countries. It would also result in increasing the investors’ confidence which would result in increased FDI and FII in the country

Schonk Klinik Eating Disorder Discussion Essay Example | Topics and Well Written Essays - 250 words

Schonk Klinik Eating Disorder Discussion - Essay Example Anorexic individuals usually starve themselves and appear thin. Anorexics also experience an intense fear of gaining weight and may choose to restrict calories further to avoid weight gain (Harris & Lenox, 2013). Consequently, anorexics are often hungry and have a preoccupation with food. In addition to the need to lose weight, anorexic persons also have a disturbed view of body image and continue to view themselves as overweight. Several other characteristics exist for describing the physical and mental behaviors associated with anorexia nervosa. Bulimia nervosa is another category of eating disorder but is a complete opposite of anorexia. Periods of compulsive eating that follows forced vomiting, or the use of laxatives is characteristics that describe Bulimia nervosa. Bulimia nervosa is a more common problem among teenagers and young adults (Striegel-Moore, 2011). Binge eating is common among dieters. However, it becomes abnormal if it occurs more than two times a week over a period of three months. Similar to anorexics, bulimics have a concern with their weight. However, they are more in the normal weight ranges than individuals that experience anorexia (Ginter, Duncan & Swayne 2013). One of the characteristics describing bulimics is feeding on a large amount of food after a period of two hours. Bulimics experience a feeling of losing control or unable to stop eating or monitor the amount of food that they