The following dissertation is an investigation into how core competences be leveraged to influence competitive advantage in Europe; using TFIS UK’s position within the Tunnel Safety Market. This dissertation contains both primary and secondary data. Secondary sources were used to review the current academic literature and to add depth and context the Tyco Fire and Integrated Solutions (TFIS) UK case study. Tyco Fire and Integrated Solutions provide total integrated solutions for sites, buildings and public areas; bringing together a broad spectrum of technologies, to deliver high quality, customer driven solutions. The primary research was collected by conducting four semi-structured interviews with the managers of TFIS UK to ascertain...
ISBN: 978-3-6392-3457-2
Издательство:
Книга по требованию
Дата выхода: июль 2011
Multinationals (MNCs) receive a considerable amount of critique for turning a blind eye to social, economic and environmental wrongs that occur throughout their supply chains. Particularly in the context of developing countries many feel that MNCs must not consent tacitly and instead act to resolve issues such as child labour. Since not acting can be tremendously harmful to a firm's reputation, MNCs nowadays take their responsibility and involve themselves much more with the management of social and environmental issues. In the context of supply chain management, this is often done by implementing codes of conduct that prescribe social and environmental behaviour for all business partners. Some celebrate this state of affairs. They...
ISBN: 978-3-8433-7756-0
Издательство:
Книга по требованию
Дата выхода: июль 2011
The literature on Corporate Social Responsibility (CSR) is often inadequate, insufficient, or inapplicable in many international contexts because it ignores the influence of various belief and value systems, and diverse institutional and task environments, on the content of CSR in foreign countries. Based on critical realism, this book explains CSR in MNCs' subsidiary companies, under a systemic approach that addresses the nature, causes, dynamics, and consequences of the corporate social dimension. The book should be useful to executives and graduate students interested in the CSR of international firms. William C. Frederick, Professor Emeritus of the Katz Graduate School of Business, University of Pittsburgh, says of this book: "I read...
ISBN: 978-3-6392-5515-7
Издательство:
Книга по требованию
Дата выхода: июль 2011
The approach of the EU on Corporate Governance has undergone a constant development. Initially considered a part of national company law of its member countries, it made its way to become an interdisciplinary matter dealt with at EU level. With regards to Turkey the challenge is of double nature: the harmonization of its related regulations in accordance with the acquis communautaire within the EU accession process and the improvement of its competitiveness to attract more foreign investments. This work analyses the benefits and features of Corporate Governance and identifies the convergence/divergence areas in the Corporate Governance practices among EU members. It provides an overview of Turkey's regulations, implementations and recent...
ISBN: 978-3-8433-9244-0
Издательство:
Книга по требованию
Дата выхода: июль 2011
With banking being a relatively clean sector, it has not faced the scrutiny related to Corporate Social Responsibility (CSR) felt by other industries such as oil & gas, forestry and transportation. Recent high profile corporate scandals and accusations of irresponsible behavior, however, have led to organizational crises and are pressuring the banking industry to modify current practices of for instance lending, advising and investment. U.S. banks were the first designated scapegoats when the financial crisis hit in late 2007. However, it quickly became apparent that the banking sector globally, with few exceptions, had been engaged in risky and unsustainable business. This book has issued how the banking sector use CSR in dealing...
ISBN: 978-3-8443-0227-1
Издательство:
Книга по требованию
Дата выхода: июль 2011
Tax competition models show taxation as a key variable in investment location decisions. Countries reduce taxation to attract firms. Firms locate their investments where the net return on capital is higher due to a lower tax burden. But tax competition is not optimal because the lowering of the tax burden causes an inefficient allocation of capital and provision of public goods. Thus, tax policies in an economic area such as the European Union should be coordinated. This book presents a behavioural approach where both uncertainty and the cognitive characteristics of managers have a central role. Investment location decisions are shown to be significantly explained by heuristics arising from the uncertainty faced by managers, while the...
ISBN: 978-3-8383-6927-3
Издательство:
Книга по требованию
Дата выхода: июль 2011
This study addresses how the well managed and top ten fortune corporations too have been experiencing turbulence in their business activity during recession. The well built systems and business practices in the Corporate are unable to address the recession that has been set in globally. The investigation is done from the angle of Macroeconomic influence over the business cycle and the corporate responses to such stimulus. The existing academic research and the wealth of knowledge of the corporate leaders do not give a framework for the corporate to handle this crisis. This study makes an attempt to examine some of the basic issues concerning corporate responses to recession and their efforts towards revival of business cycle. The...
ISBN: 978-3-8433-5138-6
Издательство:
Книга по требованию
Дата выхода: июль 2011
The rapid growth of credit derivatives has revolutionized the trading and management of credit risk. The goal of this diploma thesis is to outline the products and market participants of the credit derivatives market in the first step. The focus of this thesis will be the financial derivative credit default swap (CDS). A detailed explanation of credit default swaps is given in the book starting with the product definition and the structure of this financial derivative. Further on, the mechanics of the premium and the protection leg will be discussed. With this knowledge, the thesis introduces two different types of valuation models for credit default swaps. In the first step the CDS is valued analytically and then the Market Pricing...
ISBN: 978-3-6391-5367-5
Издательство:
Книга по требованию
Дата выхода: июль 2011
The fundamentals of credit risk management in the banking industry explores: ? the functions and application of credit management ? what background is needed in the credit environment ? the relationship between sales and credit ? control at “coal face” level ? some tried and tested lending principles ? effective interviewing for credit applications ? check list for corporate customers ? the criteria banks use to assess advances The book is written with a minimum of technical terminology and statistical formulas and the format is clearly structured. Данное издание не является оригинальным. Книга печатается по технологии принт-он-деманд после...
ISBN: 978-3-8383-6457-5
Издательство:
Книга по требованию
Дата выхода: июль 2011
In recent days there are hardly any banks left, which are not affected by the recent turmoil on the credit market. That raises the question about the bank's credit risk management. The problems can, in many cases, be directly related to lax credit standards for borrowers and counterparties, poor portfolio risk management, or a lack of attention to the changes in economic or other circumstances. The aim of this book is to explain the credit risk management process from the rating of single facilities to sound credit risk portfolio management. Данное издание не является оригинальным. Книга печатается по технологии принт-он-деманд после получения...
ISBN: 978-3-6392-1373-7
Издательство:
Книга по требованию
Дата выхода: июль 2011
The Russian market of cross-border mergers and acquisitions did not receive enough attention in research. Due to lack of studies on this growing market the current work aims to examine the performance of foreign companies acquiring Russian targets in the period of 1994-2009. A sample of 96 transactions was investigated to determine wealth created for bidding companies. Foreign acquirers show positive and statistically significant returns for several event windows. Thus, on average, the results support the argument that cross-border acquisitions in the Russian market create value for acquiring companies. The examination of factors that might influence the performance of bidding companies is also part of this research. The results show...
ISBN: 978-3-8443-0312-4
Издательство:
Книга по требованию
Дата выхода: июль 2011
With a society so multifaceted and rooted in ancient traditions, yet highly globalised and modern, India is often giving western businesses mixed messages. This book goes beyond cultural stereotyping and seeks to embrace the paradoxes and the complexity of the Indian culture and describe it through a new perspective. It presents a recent study of Swedish businesses in India and in- depth interviews with the Swedish managers as well as the observations from a two-month field study in a Swedish multinational company in Bangalore. This study analyzes the critical role that cross-cultural competence has for western managers in India in reaching for organizational goals. Finally it invites the reader to a way of understanding how we can use...
ISBN: 978-3-8433-7721-8
Издательство:
Книга по требованию
Дата выхода: июль 2011
The aim of this thesis is to analyze capital markets integration in Europe. It focuses on the integration of the Central European markets (so-called emerging markets) with the more developed Western markets: the Frankfurt Stock Exchange, the London Stock Exchange. We use data of stock prices from the Central European countries that are cross-listed in London or Frankfurt stock exchanges or both. We begin by explaining the different approaches to financing a company – both domestically and internationally. We then describe in detail the concept of cross-listing that is widely used in order to obtain non domestic sources of finance. We investigate the integration of the emerging markets with the Frankfurt Stock Exchange and the London...
ISBN: 978-3-8383-6189-5
Издательство:
Книга по требованию
Дата выхода: июль 2011
As the speed of globalization increases, as companies become flatter, as firms engage in temporary organizations from joint ventures to alliances, and as more business is conducted with virtual teams, there is a need for effective and efficient cross-cultural leadership. It is common today to have virtual teams working in numerous countries from many different personal, societal, and business cultures. Experience gave a glimpse of a pattern of cross-cultural leadership attributes that were accepted and recognized globally (etic): trust, empathy, power, communication and transformation. Starting with a definition of leadership and culture, the work was undertaken to explore, exegetically, the vast literature on leadership and culture, to...
ISBN: 978-3-6390-6868-9
Издательство:
Книга по требованию
Дата выхода: июль 2011
In today’s globalized world, coming into contact with different cultures is getting much easier and more and more probable at tremendous speed. Cultures, however, harmonize slowly, if at all. Consequentially, cultural differences will strongly influence everyday life, making cross-cultural competence a key qualification to deal with these differences. Regarding the world as a global playing field for managers, most players ignore the fact that to win the game, it is advisable to know one’s opponent over and above the international rules of the game. Therefore, the aim of this handbook is to raise cross-cultural awareness and discusses the importance of culpetence (cross-cultural competence) in international negotiations using the...
ISBN: 978-3-6391-4753-7
Издательство:
Книга по требованию
Дата выхода: июль 2011
'Success depends upon previous preparation, and without such preparation there is sure to be failure.' These words from the Chinese philosopher Confucius should be taken to heart by every company planning operations in China. The role of advertising is crucial as it is the first point of contact between consumer and product/brand. Cultural misunderstandings can happen easily and determine success or downfall. This research paper gives an insight into Chinese cultural values and what role they play in advertising. Cultural theories and models are applied to China and the development of advertising in the country is reviewed. As language is a fundamental part of culture, a closer look at brand naming decision factors is taken. Examples of...
ISBN: 978-3-6390-6144-4
Издательство:
Книга по требованию
Дата выхода: июль 2011
Over the last 30 years, technology has made it possible for people to travel to other cultures in a cheaper and more efficient way. The increased traveling has made it possible for an increase in trade and as the trade flourishes the need for people that can handle the differences between the cultures in the world increase. Some people handle cross-cultural negotiations better than others; we want to know how Cultural Intelligence influences The Business Negotiation Process. Our contributions to the field are foremost the discovery of the two new dimensions: Structure and Power Dependency that can be added to both Cultural intelligence and The Business Negotiation Process. In future research, these two dimensions can be further...
ISBN: 978-3-8383-9904-1
Издательство:
Книга по требованию
Дата выхода: июль 2011
In consequence of the changes of 1989, the implementation of modern human resource development (HRD) highly increased in most of the Central and Eastern European countries. The variety of different processes among international and transnational companies as well as small- and mediumsized enterprises reflects the varying needs within human resource development in CEE. Together with these diverse processes, diverse opinions on the status of HRD in CEE emerged. The results of a qualitative research were compared and contrasted. Culture- specifics versus standardization - an issue of time and space? Meet one of the challenges of human resource development in Central and Eastern Europe - the wind of change endows various perspectives in the...
ISBN: 978-3-6391-2531-3
Издательство:
Книга по требованию
Дата выхода: июль 2011
Living in the 21st century tremendous changes are realized. The ongoing globalization with its effects and different facets, people, technologies etc., can be seen everywhere. This work focuses on the consequences of a globalized world and the collusion of diverse cultures in today's small and medium enterprises (SMEs). The combination of the cultural collusion and business life may result nowadays in the so called supporting managerial tool of cultural diversity management. Whilst being aware of the fact that there are, with no doubt, best-practice studies of diversity management in Europe, the general implementation and beneficial result of cultural diversity management have not been realized and gained its full potential yet. This...
ISBN: 978-3-6392-5981-0
Издательство:
Книга по требованию
Дата выхода: июль 2011
In 1997, two documents were adopted in different parts of the world, both of which will impact efforts to curtail corruption. The first was a Convention Combating International Bribery forbidding multinational firms based in member countries of the Organization for Economic Cooperation and Development (OECD) from bribing foreign officials. The second was a new constitution for Thailand that established an independent agency to investigate and punish illicit payments to politicians or civil servants. Forty academics, executives, and officials in Thailand were confidentially interviewed regarding the anticipated effects of these initiatives. They explained why multinational firms have made under-the-table payments in Thailand and why these...
ISBN: 978-3-8383-3368-7
Издательство:
Книга по требованию
Дата выхода: июль 2011
In recent years a growing number of corporations have committed considerable resources to risk management, indicating the potential for risk management to protect and increase firm value. One can argue that most prior attempts to directly link the value of the firm to its hedging strategies are rather scant. Moreover, several questions with regards to firms’ risk management activities remain unanswered. This book deals with a series of questions regarding corporate risk management in modern U.S. multinational corporations. In the first part we, test the valuation effects of currency hedging policies of firms around extraordinary exchange rate instability events,which provide us with a unique set of exogenous events to assess the...
ISBN: 978-3-6392-1200-6
Издательство:
Книга по требованию
Дата выхода: июль 2011