Seminar paper from the year 2016 in the subject Business economics - Company formation, Business Plans, grade: 81%, University of South Wales, language: English, abstract: The paper aims to analyse the current situation of a fictive company and moreover to work out an adequate internationalisation strategy considering the following three key objectives: 1. Reduce labour costs by shifting the production- centre to a low-income country, 2. Enter new markets in countries with a low level of market satisfaction, 3. Enlarge the range and variety of products through a highly educated R&D-Team. After evaluating the business environment, three potential target countries for the internationalisation process are assessed. In a next step the strengths, weaknesses, opportunities and threats are lined out. Moreover a PEST-analysis is conducted to prepare for the location decision. Finally, the most adequate method is selected and a brief conclusion and recommendation are given.
Thomas Wittig aims at gaining additional insights into the crisis and turnaround process of SMEs, investigating both, the turnaround success and the impact of turnaround on the family role in family firms. Based on a specifically developed integrated conceptual turnaround model, the author collected a sample of 209 turnaround cases of German medium-sized companies from restructuring experts working for German banks. Employing a variety of carefully selected statistical analyses he identifies key factors for turnaround success and finds specific archetypes of crises and turnaround. The study concludes with an analysis of the impact of a successful turnaround on the family firms within his sample. Based on the studys insights he provides both, recommendations for future research and a set of practical implications for all relevant stakeholders of a turnaround situation. Dr. Thomas Wittig wrote his dissertation under the supervision of Prof. Dr. Andreas Hack at the Witten Institute for Family Business (WIFU) at Witten/Herdecke University.
This book aims to meet the needs of education and training in modern techniques of innovation and entrepreneurship, and focuses on the detailed presentation of successful business practices. As todays global economic landscape is changing rapidly, the ability of businesses to introduce new products and services to the market faster than their competitors is perhaps their most distinct competitive advantage. This becomes obvious by the significant market share that the most innovative companies gain while increasing profitability. Extensive research in this field has demonstrated that companies that are constantly innovating normally double their profits compared to others. Moreover, establishing successful practices and policies of innovation management, through which ideas evolve from conception through evaluation to implementation and commercialization, become the basis for economic growth at the firm, industry, national, regional, and global levels. Taking Greece as an example, this volume identifies systemic weaknesses in development of new products, risk capital, patenting, broadband penetration, lifelong training, investment in research on the part of firms, high-tech exports, and employment in medium-high-technology manufacturing that place the country at the bottom of the European Union in economic performance and threaten its potential to achieve sustainable growth. To address these weaknesses in Greece and similar countries around the world, the authors present a comprehensive overview of the principles of innovation and entrepreneurship, with particular respect to their relationships to knowledge, learning, and creativity. Drawing from a strong theoretical foundation, and illustrated through in-depth case studies and examples from both private and public sectors, the authors present a framework for innovation management that integrates research, education, practical application, and policy. Specific topics include technology transfer, intellectual property rights management, the practice of knowledge management intellectual capital investment, business incubators, and Cooperation Research and Development Agreements (CRADAs).
This volume of selected articles was released in light of the new economic, social and environmental challenges Europe and the United States have been faced with following the end of the Cold War and in the evolving era of globalization. National security, immigration, and the provision of health and other key social services call for a radically different outlook in terms of policy discussions. The contributors of this book focus on seven key policy issues and challenges that currently affect the United States and Europe: income distribution, the gender pay gap, crime and security, unemployment, health care, the demographic question, and environmental regulation. The purpose of this volume is to analyze how public policy within the European context is responding to the challenges posed by this new global era. David B. Audretsch is a Distinguished Professor and Ameritech Chair of Economic Development at Indiana University, where he is also serves as Director of the Institute for Development Strategies. He is an Honorary Professor of Industrial Economics and Entrepreneurship at the WHU-Otto Beisheim School of Management in Germany. In addition, he serves as a Visiting Professor at the King Saud University in Saudi Arabia, Honorary Professor at the Friedrich Schiller University of Jena in Germany, and is a Research Fellow of the Centre for Economic Policy Research in London. Audretschs research has focused on the links between entrepreneurship, government policy, innovation, economic development and global competitiveness. His research has been published in over 100 scholarly articles in leading academic journals. He is co-founder and co-editor of Small Business Economics. In 2008, he received an honorary doctorate degree from the University of Augsburg, and in September, 2010 he received an honorary doctorate degree from Jonkoeping University. Erik E. Lehmann is a Full Professor of Management and Organization at Augsburg University, Germany and Director of the Program Global Business Management (GBM). Together with Silvio Vismara he directs the CISAlpino Institute for Comparative Studies in Europe (CCSE). He serves as an associate editor of Small Business Economics: An Entrepreneurial Journal. His research has been published in leading academic journals such as European Finance Review (Review of Finance), Research Policy, Entrepreneurship Theory and Practice, Journal of Economic Behavior and Organization, Small Business Economics, Journal of Small Business Management, Review of Accounting and Finance and Journal of Technology Transfer. His most recent books include Entrepreneurship and Economic Growth by Oxford University Press in 2006, Technology Transfer in a Global Economy by Springer in 2013 and Corporate Governance in Small and Medium Sized Firms with Edward Elgar in 2011. Aileen Richardson is a graduate of Indiana University with a B.A in Political Science and Economics. She is currently a graduate student at Indiana University and Augsburg University under the supervision of Professor Dr. Erik Lehmann and Dr. David Audretsch. She is also a Research Fellow at Indiana Universitys Institute for Development Strategies. Silvio Vismara (PhD) is an Associate Professor of Entrepreneurial Finance at the University of Bergamo, Italy. Together with Erik Lehmann, he directs the CISAlpino Institute for Comparative Studies in Europe (CCSE), a joint initiative with the University of Augsburg, in Germany. Silvio is associate editor of Small Business Economics, member oft he editorial review board of Entrepreneurship Theory and Practice and of Journal of Industrial and Business Economics. He is author of articles in journals such as Entrepreneurship Theory and Practice, Financial Management, Journal of Banking & Finance, Journal of Financial Markets, Corporate Governance An International Review, European Financial Management and Journal of Technology Transfer. His most recent books are Newcits - Investing in UCITS Compliant Hedge Funds and Handbook of Research on IPOs. He is scientific consultant for the Italian Stock Exchange and founder of Universoft, a spin-off from the University of Bergamo.
This book explores the internationalization of Turkish multinationals by examining a set of firms from various industries and providing eleven detailed case studies. The authors aim to discover the reasons behind the drive for internationalization within the firms, and how their internationalization processes work. By focusing on a medium-sized emerging country, which is strategically located at the intersection of European, Asian and African markets, Turkish Multinationals provide a significant contribution to research on multinational firms in emerging countries. Topics discussed include: strategic motives for and drivers of internationalization at multiple levels (firm, industry and institutional); the location, ownership and entry modes of multinational firms; and their market entry and post-acquisition strategies, which are critical to the evolution of the internationalization process. This innovative book will offer an alternative perspective to current debate on emerging markets, and will be of great interest to both academics of global strategy and international business, and policy-makers. Yuksel Ayden is a management scholar whose research interests comprise international strategy, emerging markets, and management of innovation and technology. He is currently teaching on a part-time basis at Bahcesehir University, Turkey, where he delivers courses on strategy and international business. He has a wide range of experience in management consultancy to several Turkish companies in policy development, strategic planning and internationalization. Mehmet Demirbag is Professor of international business and Deputy Dean of Essex Business School of the University of Essex, UK. He has authored and co-authored over 65 scholarly articles and co-edited nine journal special issues on emerging markets.Mehmet sits on the editorial boards of British Journal of Management , The Journal of World Business , and Management International Review . Ekrem Tatoglu is Professor of International Business and serves as the Vice-President for Academic Affairs at Ibn Haldun University, Turkey. His research interests include foreign entry mode strategies of Turkish MNEs, strategic planning practices, high performance work practices and global management strategies. He has authored and co-authored over 70 scholarly articles in various internationally refereed journals.
Business and environmental sustainability are not natural bedfellows. Business is about making money; sustainability is about protecting the planet. Business is measured in months and quarters; sustainability often requires significant short term costs to secure a sometimes uncertain long-term benefit. To some activists, all executives are exploitative, selfish 1 percenters. To some executives, all activists are irresponsible, unyielding extremists. And yet engaging with the issue isnt optional - all businesses must have a strategy to deal with sustainability and, like any strategy, this involves making choices. Strategy and Sustainability encourages its readers to filter out the noise and make those choices in a hard-nosed and clear-eyed way. Rosenbergs nuanced and fact-based point of view recognizes the complexity of the issues at hand and the strategic choices businesses must make. He blends the work of some of the leading academic thinkers in the field with practical examples from a variety of business sectors and geographies and offers a framework with which Senior Management might engage with the topic, not (just) to save the planet but to fulfil their short, medium, and long-term responsibilities to shareholders and other stakeholders. Mike Rosenberg is an Assistant Professor at IESE Business School. Professor Rosenberg joined the faculty at IESE after working for more than 15 years as a Management Consultant for companies such as Arthur D. Little, A.T. Kearney, and Heidrich & Struggles working in Europe, North America, and Asia. Professor Rosenberg lectures on Strategy, Globalization, and Sustainability in IESEs MBA and executive programs. He is also Academic Director of a number of the schools top-ranked executive education programs. In addition to his academic work, Professor Rosenberg routinely consults with leading international companies and is asked to speak on topics relating to scenario planning, sustainability, and managing global firms.
The production of beer today occurs within a bifurcated industrial structure. There exists a small number of large, global conglomerates supplying huge volumes of a limited range of beers, and a plethora of small and medium breweries producing a diverse range of beers sold under unique brands. Brewing, Beer and Pubs addresses a range of contemporary issues and challenges in this key sector of the global economy, and includes contributions by research specialists from a variety of countries and disciplines. This book includes the marketing and globalization of the brewing industry, beer excise duties and market concentration, and reflections upon developments in brewing and beer consumption across the world in order to explore the wide-reaching influence of this industry. Alongside these global topics more localised themes are presented such as market integration in the Chinese beer and wine markets, beer and brewing in Africa and South America, and turbulence and change in the UK public house industry, which demonstrate how the consumption of beer in pubs and other social environments make the beer industry integral to local communities and regions worldwide.
This book examines the outlook for Latin American entrepreneurs in the new global environment. Using case studies from across the region, the book highlights liberalization measures nations are adopting to facilitate small and medium size enterprise (SME) creation and growth, and existing barriers that are threatening SME sector gains. JORGE CARNEIRO Assistant Professor of Strategy and International Management at the Pontifical Catholic University of Rio de Janeiro, Brazil JORGE FERREIRA DA SILVA Associate Professor of Strategy and Quantitative Methods at the Pontifical Catholic University of Rio de Janeiro, Brazil ANA CRISTINA GONZALEZ Assistant Professor at Universidad de los Andes School of Management in Bogotá, Colombia GONZALO JIMÉNEZ Director of the Family Business Center at the Universidad Adolfo Ibáñez in Santiago, Chile VICTORIA JONES Associate Provost for Global Engagement at Seattle University, USA OSWALDO MORALES-TRISTÁN Assistant Professor of Management in the Graduate School of Business at ESAN University, Lima, Peru KEIKO M. NAKAMATSU Research Associate in the Center for Entrepreneurship at ESAN University,Peru ROMAN E. PORRAS Former Coordinator of the Entrepreneurship Center at INCAE Business School, Nicaragua MARIA PRADILLA Assistant Director of International Programs in the College of Business Administration at Florida International University, USA ANGELA D ROCHA Associate Professor of Marketing and International Business at the Pontifical Catholic University of Rio de Janeiro, Brazil ARAMIS RODRIGUEZ Researcher and professor at IESA Entrepreneurship Center LUIS J. SANZ Finance and Entrepreneurship Professor and Associate Dean at INCAE Business School, Nicaragua JAIME SERIDA-NISHIMURA Professor of Information Systems and Management in the Graduate School of Business at ESAN University, Lima, Peru ROBERTO VAINRUB Managing Director of Financial Partners Capital Management RAFAEL VESGA Assistant Professor at Universidad de los Andes School of Management in Bogota, Colombia
This book presents initiatives that were launched or are currently being pursued in the name of CSR, and showcases how different dimensions of CSR, sustainability, ethics and governance can help to solve global challenges. Contributions by international experts from Australia to Bangladesh and from Nigeria to Spain address current issues in their respective country, such as challenges faced by nations, initiatives launched in the name of CSR, and attempts on the part of small and medium sized enterprises to promote CSR initiatives. This volume provides readers with in-depth insights into CSR and important initiatives around the globe intended to encourage more responsible behavior. Samuel O Idowu is a senior lecturer in Accounting and Corporate Social Responsibility at the London Guildhall Schools of Business and Law, London Metropolitan University where he was course organizer for Accounting Joint degrees, Course Leader/Personal Academic Adviser (PAA) for students taking Accounting Major/Minor and Accounting Joint degrees and currently Course Leader for Accounting and Banking degree. Samuel is a Professor of CSR and Sustainability at Nanjing University of Finance & Economics, China. He is a fellow member of the Institute of Chartered Secretaries and Administrators, a fellow of the Royal Society of Arts, a Liveryman of the Worshipful Company of Chartered Secretaries & Administrators and a named freeman of the City of London. Samuel has published about fifty or articles in both professional and academic journals and contributed chapters in edited books and is the Editor-in-Chief of two major global reference books by Springer - the Encyclopedia of Corporate Social Responsibility (ECSR) and the Dictionary of Corporate Social Responsibility (DCSR) and he is a Series Editor for Springers books on CSR, Sustainability, Ethics and Governance. Samuel has been in academia for 27 years winning one of the Highly Commended Awards of Emerald Literati Network Awards for Excellence both in 2008 and 2014. In 2010, one of his edited books was placed in 18 th position out of forty top Sustainability books by Cambridge University Programme for Sustainability Leadership. He has examined for the following professional bodies: the Chartered Institute of Bankers (CIB) and the Chartered Institute of Marketing (CIM) and has marked examination papers for the Association of Chartered Certified Accountants (ACCA). His teaching career started in November 1987 at Merton College, Morden, Surrey; he was a Lecturer/Senior Lecturer at North East Surrey College of Technology (Nescot) for thirteen years where he was the Course Leader for BA (Hons) Business Studies, ACCA and CIMA courses. He has also held visiting lectureship posts at Croydon College and Kingston University both in the county of Surrey, England. He was a senior lecturer at London Guildhall University prior to its merger with the University of North London; when London Metropolitan University was created in August 2002. Samuel has served as an external examiner to a number of UK Universities including the University of Sunderland, the University of Ulster, Belfast and Coleraine, Northern Ireland and Anglia Ruskin University, Chelmsford. He is currently an External Examiner at the University of Plymouth, The Robert Gordon University, Aberdeen, Scotland and Teesside University, Middlesbrough, UK. He was also the Treasurer and a Trustee of Age Concern , Hackney, East London from January 2008 to September 2011. He is a member of the Committee of the Corporate Governance Special Interest Group, of the British Academy of Management (BAM). Samuel is on the Editorial Advisory Board of the Management of Environmental Quality Journal, International Journal of Business Administration and Amfiteatru Economic Journal. He has been researching in the field of CSR since 1983 and has attended and presented papers at several national and international conferences and workshops on CSR and has made a number of keynote speeches at international conferences.