You Are Required to Write Essay Example Essay Example

You Are Required to Write Essay Example Paper You Are Required to Write Essay Introduction You are required to write an essay in which you assess the usefulness to international marketers of the three theories of internationalization listed below Uppsala Model Network Model Born Global Pathway Matteo Fabbi University of Westminster, UK __ Several studies have focused on theories of internationalization since the raid of globalization hit every aspect of our life and organization as much. The advancement of technology, the decline of trading barriers, the rise of students exchanges programs, yet the rise of low-cost airline companies, is driving the economy to become more integrated and homogeneous. This rapid process is getting marketers and business owners to think and making important decisions to whether or not going international, how, where and when to do it. The study has failed to find a general view whether an approach is better then another, however it has presented situations of firms from different size, operating in different industry and assessed the usefulne ss of each theory to a specific situation. You Are Required to Write Essay Body Paragraphs In fact the paper has found that there are many factors that will influence a marketers to perceive the usefulness of each theory especially regarding on the resources and capabilities of each organization. The paper makes use of different journals articles, a small case study, and references from Hollensen book: Global Marketing (2006). If looking at the size of a business, then for SMEs approaching the Uppsala model is a way to overcome those barriers of internationalization stressed by Hollensen (2006), such lack of resource and knowledge, yet an opportunity to increase market share and competitiveness. By gradually committing to the foreign market, organizations also decrease the level of risk to their investments (Whitelock, 2002). On the other hand by gradually increasing the production of goods, the organizations will not benefit from a great level of economy of scales. Although, businesses may rethink this approach for one more reason. In fact the model does not take in consi deration the competition. If a business enters a new market with a new product following the U-model, smart firms benefiting of higher resources might decide to enter the same market, with a similar product, but with higher commitment, if they see the market responding positively to the new entrant (Crick, 2009). In this case they might opt to jump from the first, directly to the most profitable of the four different modes of entering an international market suggested in the article by Johanson et all. (2004) and in a situation with high level of international customers and competitors, the less internationalized firm can be â€Å"pulled out† (Hollensen, 2006). The only way for the early starter to keep the position is to insure they have the best distributors and to tight the distribution net with a predatory price. In a world where information is thought to be the new oil, firms need to become extremely quick in processing data, transforming them into information and then c reate knowledge for their the internationalization process. For this reason the Uppsala model has received many criticisms because the slow process involved into acquiring knowledge by experience (Whitelock, 2002). Gaining knowledge with the shorter span of time gives the firm a competitive advantage, as the case mentioned previously whether to obtain the best distributors or the best place for a point of sales when entering a new market. Obstacles to gain knowledge have been decreasing with the latest changes of our world, as suggested by Hollensen (2006) citing Nordstrom: physic distances have decreased and the world has become more homogeneous. For instance thanks to the Erasmus student exchange program established by the EU (1994), Europe offers an interchangeable and multilingual human resource, here businesses can hire people with the experience and knowledge required without develop it in-house, thus making â€Å"leapfrog† strategies more feasible, the internationaliza tion process faster and the Uppsala model less useful especially in situations of highly internationalized firm and industries. Also Johanson et all. (2004) and many other authors have also shown that the Uppsala internationalization process is not valid for service industries. The acquiring of knowledge is an important factor in evaluating the usefulness of the theories in analysis. If looking at the high-technology industry, products have very short life cycle and must be internationalize in a very short time if they want to be successful in the international market. Companies working in this type of industry achieve a faster internationalization process by relying on the expertise and knowledge of network partners (Hollensen, 2006). The Network model is very useful to create innovativeness, by matching different organizations with complementary skills, by outsourcing the manufacture to overseas-based firms, technical services, and even marketing and distribution. The entire suppl y chain can benefit from the network model of internationalization, creating competitive advantage for the firm. Even in this particular case, SMEs have to face the big challenge of dealing with bigger organization with greater managerial and coordination skills, plus the resources to invest, although the strengths of this approach to SMEs lies on the importance of the personal factors. According to Hollensen, an entrepreneurial orientation towards seeking opportunities, taking risks and action oriented to innovative markets can lead SMEs to a competitive position when entering international market. Hollensen (2006) stresses how individuals, rather part of a marketing team or in the case of SME, most likely entrepreneurs, can shape the environment in ways that will benefit the firm, taking initiatives, aggressively tailing ventures and achieve agreements with other companies. This paper has recognized a resemblance of Hollensen findings in a particular case study provided by Berra e t al. (1994) on regard the internationalization process of the Italian clothing SMEs in the late ’90 using network models. As Berra points out in his article, it is well know that the clothing sector of the Italian industry is particularly characterized by polarization: where a number of big companies counters numerous SMEs, specialized in some phases of the manufacturer process. Looking at the particular situation presented in the article, many industrialized countries in the late ‘80s followed different models of internationalization to respond the change in the economical context of that period. Lifestyles and consumption patterns evolved, the cost of the factors increased and new competitors appeared in the market place together with a decrease in general demand. Many countries intensified their international decentralization and redeployment; Japan had made use of international sub-contracting with the biggest trading companies; the USA opted for overseas assembly strategies in their closest countries like Mexico and Latin America, operating both with independent partners and subsidiaries. On the other hand Germany relocated and redeployed the manufacturing phases to areas of CMEA and Yugoslavia, whilst France and England made productive FDi in their colonies (North Africa and areas of Commonwealth) (Berra et. all, 1994). These changing circumstances imposed the Italians firms to react. SMEs, which could not afford FDI strategies, opted for production and commercial agreements, so trying to penetrate the markets in partnership with local operators. Also SMEs used a method of decentralization for their production within the country and through a network of companies (Berra et. all, 1994). The network model used through horizontal connection (with other SMEs) and vertical connection (among larger firms), was useful to create flexibility and low cost, therefore increasing competitiveness to respond at the market changes of the time. According to Hollensen (2006), the internationalization success of SMEs is mainly based on the level of preparation and coordination of each single network in advance. Planning ahead, conducting marketing research, involving highly skilled human resources, investing resources and shaping the products to meet consumers need to each target market are the basis of a Global Born SMEs. Considering the previous study, then the paper will suggest to international marketers working within the clothing industry that coming global born model will be useful to SMEs by drawing on the positive elements that each market have to offer: for instance matching the source/destination relationship of the labor cost in the East, with the stable market in Europe and the profitable one of Japan, through outsourcing the technology from Germany and USA. This model will be useful to marketers that have great managerial skills for planning ahead and coordinating. Other main benefits derive from the high flexibility and s peed of reaching foreign markets. The Internet will benefit the Born Global companies for their communication process within their networks and for their researches. This is in fact an important factor to take in consideration when evaluating the model. By mainly offering very innovative products and services, Born Global firms have to face relatively high costs in RD, which as suggested by Hollensen (2006), occur â€Å"upfront†. Furthermore competition is very high and products can become obsolete very soon. In conclusion the paper suggests that each of the theories can be applied by a firm depending of the situation, the type of business and the industry the firm is operating in order to perceive its effects. By looking at the situations presented by this paper, it can be argued that the Uppsala model is more likely to be perceived as useful by international marketers working into a multi domestic industry, with limited resources and a lack of entrepreneurial orientation to wards innovativeness and networking. Although, the paper has also highlighted some of the limitations of the model, that need particular attention. Furthermore this essay has found the Network model very useful applied to SMEs, especially to cope with the big challenges of larger organization that abound of resources and capabilities. Finally the Born Global Model is the one that seemed to respond the best to the trends and the global market requirements, however it is useful merely to those marketers that managerial skills to plan and coordinate a global type of business since the beginning. References Book Hollensen, S. (2007). Global marketing. 4th edition. Edinburgh Gate (UK): Pearson Education Limited Journals Whitelock, J. (2002). Theories of internationalization and their impact on market entry. 19 (4), 342-347 [online] Available from: Emerald Management Extra [Accesses 29th of October] Berra, L. et all. (1994). The internationalization Process in the Small and Medium Sized F irms: A Case Study on the Italian Industry. , 67-75 [online] Available from: Small Business Economics lt; www. springerlink. comgt; [Accessed 25th October] Johanson, J. et all. (2004) Discovering market networks. 40, (3/4), 259-274 [online] Available from: Emerald Management Extra [Accesses 25th of October] Crick, D. , (2009). The internationalization of born global and international new venture SMEs. 26 (4/5), 453-476 [online] Emerald Management Extra [Accesses 27th of October] We will write a custom essay sample on You Are Required to Write Essay Example specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on You Are Required to Write Essay Example specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on You Are Required to Write Essay Example specifically for you FOR ONLY $16.38 $13.9/page Hire Writer

How money is used, raised, and wasted in Washingto Essays

How money is used, raised, and wasted in Washingto Essays How money is used, raised, and wasted in Washington Government Spending How money is used, raised, and wasted in Washington As many Federal departments and agencies lurch into an era of running without funds, the leaders of both parties of Congress are spending less and less time searching for a compromise to balance the budget, and more and more time deciding how to use it to their advantage on the campaign trail. Meanwhile money is easily borrowed to pay for government overhead. In an attempt to change this, on June 29, Congress voted in favor of HConRes67 that called for a 7 year plan to balance the Federal Budget by the year 2002 (Hager 1899). This would be done by incorporating $894 billion in spending cuts by 2002, with a projected 7 year tax cut of $245 billion. If this plan were implemented, in the year 2002, the U.S. Government would have the first balanced budget since 1969. There is doubt by citizens that a balanced budget will become reality. A recent Gallop Poll from January, 1996 showed the budget as the #1 concern among taxpayers, but 4/5 of those interviewed said they doubt the GOP will do the job (Holding 14). Meanwhile, an ABC poll from November reported that over 70% of those polled disapprove of the current performance by Congress, and most blamed politicians for failure to take action (Cloud 3709). These accusations of failure to follow through come with historical proof that Congress and Clinton have failed to compromise and resolve the issue. After all, current budget plans are dependent on somewhat unrealistic predictions of avoiding such catastrophes as recession, national disasters, etc., and include minor loopholes. History has shown that every budget agreement that has failed was too lax. One might remember the Gramm-Rudman-Hollings bill that attempted to balance the budget, but left too many exemptions, and was finally abandoned in 1990 (Weinberger 33). So after a pain-staking trial for GOP Republicans to create, promote, and pass their budget, as promised on campaign trail 94, Clinton rejected the very bill he demanded. This essentially brought the federal budget back to square one. Clinton thought such a demand on Republicans to produce a budget would produce inner-party quarrels and cause the GOP to implode. Instead, they produced a fiscal budget that passed both houses of Congress, only to be stalemated by a stubborn Democratic President Clinton. Meanwhile, Clinton bounced back with a CBO scored plan with lighter, less risky cuts to politically sensitive areas like entitlements. Clintons plan also saved dollars for education and did not include a tax increase, but most cuts would not take effect until he is out of office, in the year 2001. Although Clinton is sometimes criticized for producing a stalemate in budget talks, the White House points out that the debt has gone down since Clinton took office, with unemployment also falling. Republicans are quick to state that Clinton originally increased taxes in 1993 and cut defense programs, but his overall plan was for an increasing budget without deficit reduction. Startling Facts about the budget: As of 1996, the national debt was at an all time high of $5 trillion dollars, with interest running at a whopping $250 billion per year (Rau M-1). This equals out to an individual responsibility of more than $50,000 per taxpayer. Nearly 90% of that debt has accumulated since 1970, and between 1980 and 1995, the debt grew by 500%. Currently, the debt grows by more than $10,000 per second (Rau M-l), and at current rates, a baby born in 1992 will pay 71% of his or her income in net taxes. At current rates, our government is about to reach its breaking point. If thats not enough to scare a taxpayer, by 2002, 60% of government spending will be for entitlements, and by 2012, these programs are projected to take up all government revenue (Dentzer 32). Not only economic development, but also family income is hurt by debt. With the cost of living going up, it becomes harder to find a job. According to the Concord Coalition, real wages peaked in 1973 and have gone down ever since. If the economy grew as fast as it did in 1950, without a debt, the median family income would be $50,000, compared to the present median of $35,000 (Rau M-1). As of current fiscal years budget, the United States government spends $1.64 trillion yearly. $500 billion of that, or 1/3 of the total, is for discretionary spending (Rau M-1). This discretionary spending is the target for most cuts, and seems to be the easiest to

Andrea and Overfield, The Human Record, Sources of Global History Vol Essay - 1

Andrea and Overfield, The Human Record, Sources of Global History Vol. II (Cengage) hereafter AO - Essay Example afford many amenities which used to be beyond the reach of most people depending on their stature as middle class if they are traders (which makes more money), craftsman or worker, amenities. Middle class were also able to afford education which used to be exclusive to the royalties and land owners. The rising economic stature of middle class however did not only gave rise to entrepreneurialism and industry but also the drive to profit at the expense of anything that resulted in exploitation. From having nothing to having the chance of having a lot of things, the middle class was driven to become rich. Thus, social Darwinism came about where the fittest are the only one that will survive. Social Darwinism states that human beings are no different from other organisms such as animals and plants that they too have to struggle to survive resulting in the natural selection of survival of the fittest (Bannister, 2000). This concept is based on the theory of Charles Darwin’s theories of evolution whereby people should be left on their own to compete and advocated a laissez-faire  political and economic system that promotes competition in all spheres of life. As a result, exploitative industrial practice were done during the Industrial Revolution where employing children in the coal mines became rampant that the Industrial Revolution became synonymous with child labor along with its economic prosperity. It is debatable if exploitation and industrial aggressiveness of the middle class to achieve economic prosperity is justified in resorting to Darwinism. Probably, the right operative term would be the consequence of the determination of the middle class to achieve economic prosperity as they tried their best effort to accumulate wealth which they never had before the Industrial Revolution. And perhaps it could too be justified that such social Darwinism was necessary so that industry will flourish and lay down the infrastructure of the future. It is just a