The Japanese tsunami disaster of March 2011 had a negative effect on the automobile industry. With production and distribution in Japan at a standstill, American auto assembly plants could not get the auto parts that usually come from Japan. “The Japanese Crisis, Terrorism, and American Business," companies must stay flexible, and create appropriate, alternate plans in case they are confronted by unexpected occurrences. These actions are more specifically referred to as Group of answer choices a. operational planning b. contingency planning c. tactical planning d. motivational planning
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- We examine what might happen in the worst-case scenario, but the true worst case would involve a total disaster with extremely remote probability. We certainly would like to prepare ourselves for the worst possible outcome, but shall we make decisions based on something that is extremely unlikely to happen? Consider Samsung’s recent experience. Samsung was forced to recall 2.5million Galaxy Note 7 smartphones just one month after it was introduced because multiple reports on the phones caught fire, and eventually stopped all production in the following month. Some estimated that Samsung incurred a $5 billion write-off due to this fiasco. Would you consider it Samsung’s failure not to prepare for this worst-case scenario? Why or why not? As a member of Samsung’s FP&A team, what would you do differently for evaluating future products?Do you think that Sony’s response to the attack was appropriate? Why or why not? What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations? Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyberattacks? According to a recent report by Gartner, most business users will have access to some sort of self-service BI tool within the next few years; however, Gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. Why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?The complexity posed by differences in the cultural, political, legal, and economic environments creates a so-called “liability of foreignness.” This idea holds that foreign companies, because of their poorer familiarity with local conditions, incur additional costs. In theory, the liability of foreignness makes IB activity too expensive. In practice, companies offset this liability by capitalizing on their unique advantages as well as selecting the mode of international business that best reflects their resource profile and risk tolerance--Always in the effort toward minimizing the intrinsic higher costs of international operations. The higher costs of international operations, executives point out, are driven by things as varied as the cost of legally establishing businesses, real estate costs, customs duties, and translation costs. Managing these costs is complicated by the report that _53_______%___ of global CEOs are concerned about the impact of __bribery and…
- During the conversation about video streaming services of Apple TV+ with you, your friend has madefollowing guesses on the exposures of Apple in foreign countries:a) Translation Exposure: The probability of the message of the videos in otherlanguages not being correctly understood by the foreign customers.b) Transaction Exposure: The probability of not being able to make rapidtransactions with foreign customers due to poor information, communication,and technology (ICT) services in foreign countries.c) Operating Exposure: The probability of Apple TV+ not being able tooperate with another smartphone operating system Google Android.Shortly answer your friend, whether these statements are correct or wrong.The following quote appeared in an article entitled ‘Business and society in the coming decades’,which was available on the website of McKinsey & Company (accessed in October 2015).“There are compelling reasons companies should seize the initiative to drive social and businessbenefits. First, in an interconnected world facing unprecedented environmental and social challenges,society will demand it. Increasingly, a basic expectation among customers, governments, andcommunities will be that the companies they do business with provide a significant net positive returnfor society at large, not just for investors. This will be part of the implicit contract or license to operate”.Required:a) Explain the above statement in the context of corporate social responsibility. [Word limit 150-200words] b) Further, do you think such a statement would impact the perceived ‘legitimacy’ of companies?Explain.The U.S. government has at times offered temporaryfinancial support to struggling companies that were deemedsignificant to the national economy. Looking at GE’s portfolioof businesses, should the government consider helping GE?Why or why not?
- The COVID-19 pandemic has caused an unprecedented disruption to the global economy. The world is still grappling with the adverse impact of the pandemic with the sharp decline in economic output, substantial increase in unemployment, rise in markets' volatility and surge in financial exclusion. These challenges are pressing and require practical, relevant, impactful, and sustainable panacea. On this basis, highlights potential solutions and measures that financial industry can introduce in leading global economy towards a more sustainable, equitable and inclusive economy.Choose a company (local or multinational) of your choice and discuss how this Covid-19 pandemic might have impacted the financial performance of the company.Your discussion should not be more than 150 words.2021 will be the year with fewer restrictions on airline industry. Vaccination has caused glimpse of hope for tourism industry to stay alert. Seems like airline industry has gained their ground back from the government and trying to fill for the cumulated losses they faced during the pandemic. We have seen more number of international flights, either essential or nonessential, arriving at the airports and potentially become a threat. And we still witness hesitation from the governments when dealing with international travellers. What would be your stand in this balance of power between the federal government and the airline industries thriving for profit. Bring three major grounds for your reasoning considering the following factors: airlines are not necessarily private corporations, federal government is responsible for the health of the citizens and residents, federal government is responsible to provide fair competition ground for the corporations to compete, and there is no clear…
- Due to the recent outbreak of the COVID-19 pandemic, the operations of many MNCs weredisrupted. One of your friends makes the following statement: “Globalisation is dead! Why areyou wasting your time studying international finance?”. Fascinated by your friend’s question, you decide to conduct internet research on the topic.You may search internet sources including journals, newspapers and finance/economicsrelated think tanks and publications. Based on your research write a report addressing thefollowing issues:(i) impact of COVID-19 on international trade(ii) impact of COVID-19 on businesses (think revenues, cash flows)(iii) impact of COVID-19 on financial markets(iv) challenges faced by finance managers due to COVID-19A good report will be organized well using headings for the sub-topics. Your report shouldreflect the quality of research undertaken by you. Further, you must cite all sources used inyour report using Harvard system of referencing. The upper limit for the report is 750…During the conversation about video streaming services of Apple TV+ with you, your friend has made following guesses on the exposures of Apple in foreign countries: Translation Exposure: The probability of the message of the videos in other languages not being correctly understood by the foreign customers. Transaction Exposure: The probability of not being able to make rapid transactions with foreign customers due to poor information, communication, and technology (ICT) services in foreign countries. Operating Exposure: The probability of Apple TV+ not being able to operate with another smartphone operating system Google Android. Shortly answer your friend, whether these statements are correct or wrong.Setting up and running an Online business is one of the best ways to avoidproblems associated with pandemics and global trade restrictions. Do you agree or disagree with this statement ? Discuss with the use of current affairs and examples of real businesses.