Foreign Entry Modes Essay Example | Topics and Well Written Essays - 2250 words

Foreign Entry Modes - Essay Example Foreign Entry modes: Evaluate the use of a Greenfield site compared to an acquisition for entry to a foreign country Hill (2007) contends that FDI takes on two main forms: Greenfield investment, mergers and acquisitions. Hill (2007) went further and argue that, in a Greenfield investment, the firm in question establishes a new operation in a foreign country while the later involves acquiring or merging with an existing firm in the country. Acquisition however is usually hostile, because this is usually done against the wish of management (e.g. CEMEX's acquisition of RMC of Britain and Southland in the United States (Hill 2007, Buckley 2004). In the years that follow after the Second World War, trade and investment have become increasingly intertwined. Within the first few decades after the war, most countries from Asia and Africa viewed Foreign Direct Investment (FDI) with suspicion, and wariness and the flow of FDI towards these areas has been relatively slower (Buckley 2004, Sumelong et al., 2003). To most of these countries, the presence of Multinational Enterprises (MNEs) was seen as an impeachment to their national sovereignty. The situation was further aggravated with previous colonial experience and the fact that to some, FDI was a modern form of economic colonialism (Sumulong, Fan & Brooks 2003). According to the World Trade Organisation (WTO), the flow of FDI has substantially changed the international economic landscape. From1980 it has been argued by a handful of researchers (e.g. Hill 2007, Sumelong et al 2003, Buckley 2004, and Reis & Head 2005) that FDI outflow has overtaken the growth of world exports. The expansion in FDI became relatively pronounced during the period 1985-2000, a period characterized with scores of mergers and acquisitions, the Asian financial crises, the oil boom and privatization programs in Latin America (Hill 2007, Sumelong et al., 2003). In the year 2000, FDI outflow stood at $1.4 trillion (Hill 2007, Sumelong et al., 2003). Figure 1 below gives a summary of FDI and export growth between 1980-2000. Sources: Exports: IMF 2003; FDI Outflows: UNCTAD 2002 Having said this, in the remaining part of the paper I will be comparing Greenfield investment to acquisition as an entry mode strategy. The second section of the paper discusses Green field investment, while the last section provides the conclusion and recommendations. 1.1Green Field Site Entry Strategy into a Foreign Country Where a firm chooses to invest through the setting up of new operations in a foreign country often refered to as Greenfield venture. On the other hand, where the company acquires 100% ownership of an existing business to promote it activities is refered to as acquisition (Hill 2007). Ownership advantages resulting from Multinational Enterprise operations MNE can be looked upon from two directions. That is in a situation where full ownership prevails and a situation where ownership is shared with local partners. Tseng Hui-Chuing (2007) argued that MNEs equipped with capabilities to attain assets seeking objectives are more likely to choose an

Procedural Steps Involved in Bringing a Case to the Docket of the Supr Assignment

Procedural Steps Involved in Bringing a Case to the Docket of the Supreme Court - Assignment Example However, aside from the Clerk of the Supreme Court, who serves as a court clerk, there are also the law clerks of the justices. A law clerk assists the justice in making an opinion through research and the writing of recommendations. An example of a law clerk that is currently serving Supreme Court justice is David Morrell. He is a graduate of Yale and once worked as a clerk of Judge E. Jones of the 5th Circuit. The solicitor general represents that the interests of the federal government in the Supreme Court. The Constitutional authority for lawmaking is stated in the Article I, Section 1 of the US Constitution. This clearly states that it is the Congress of the United States that has the power to create laws. The Congress is composed of two chambers, the Senate and the House of Representatives. Both chambers have the power to initiate the legislative process, with individual representatives and senators having the right to push a bill. After it has been formulated, the House and Senate Committees which have jurisdiction over the bill’s nature would then study it before approving or disapproving it at their level. It is at the level of the US congressional committees that the markup of the bill is done. The markup of the bill is a process in which debates or deliberations carried out prior to the committees’ decision. After the concerned congressional committee has approved a bill, it goes to the next stage which is House body itself. However, this has to pass the House Rule s Committee, which has the responsibility determining how the bill is to be handled by Congress when it comes to schedules of sessions, framework, and boundaries of the deliberations. It is possible that there are two versions of the same bill coming from the House and the Senate respectively. If there are conflicting points between the two versions, a Conference Committee may be constituted. This is composed of senators and  house representatives who are proponents of the bill. Their objective is to make a final version of the bill.  Ã‚  

Legislative action on S.640 in the 102nd Congress Essay Example for Free

Legislative action on S.640 in the 102nd Congress Essay The Act which was introduced vide legislative action on S 640 in the 102nd Congress is named the Product Liability Fairness Act. It is deemed to govern the product liability action that can be brought against a manufacturer or product seller, for causing harm by his product. It provides for a civil action being brought against the manufacturer or product seller for the loss or damage to a product itself or for commercial loss which will in turn be determined by the commercial or contract law which is applicable. It is designed to supersede any state law which is inconsistent regarding recovery in such actions. However this suppression is not applicable under a number of varied circumstances to include the defense of sovereign immunity asserted by any State or by the Federal Government of the United States. The Federal law except the Federal Employees Compensation Act and the Longshore and Harbor Workers Compensation Act, the Foreign Sovereign Immunities Act of 1976, the State choice-of-law rules, the right of courts to transfer the venue or apply it to a foreign nation or to dismiss a claim of any foreign nation or citizen on grounds which state that this is an inconvenient forum and also any statutory or common law cause of action including action to abate a nuisance, that authorizes a state or person to institute action for civil damages or civil penalties, clean up costs and so on. Any statutory or common law cause of action, including an action to abate a nuisance, that authorizes a State or person to institute an action for civil damages or civil penalties, clean up costs, injunctions, restitution, cost recovery, punitive damages, or any other form of relief from contamination or pollution of the environment or the threat of it. It also implies that this is a very important issue from the point of view of the hypothesis under consideration that US district courts will not have jurisdiction over any civil action under this Act based on the specified provisions of Federal law relating to district court jurisdiction. The Act also declares that in case of any provision of this Act shortening the period during which the producer of goods or his seller otherwise is exposed for liability, the claimant without cognizance of the period can bring about civil action under this Act within one year after its effective date. Title II of the Act allows any claimant to bring civil action for damages against a person for harm caused by a product applicable under the state law except to the extent such law is superseded by this title of the Act. Expeditious settlement measures include an option to include an offer of settlement for a specific dollar amount by the plaintiff or the defendant in a responsive pleading or award of attorney fees and costs to the party which does not accept the terms of settlement of the offer. It also caters for alternative dispute resolution provisions and mechanisms which are recognized by state laws. In Title III, a person is permitted to seek recovery for harm which has been caused by a product through civil action against the manufacturer or seller under applicable or Federal law to the extent that such law is superseded by the Act. It establishes a standard for liability by a product seller for the causes of the harm which can fall under categories of negligence or express warranty. The conduct of the seller can be examined with respect to a variety of factors such as construction, inspection or condition of the product and for not passing on the warning or instructions from the manufacturers only in case these have not been forwarded when the item was in his possession or has not made reasonable efforts to provide the users with the warning and instructions. The seller is treated as a manufacturer and is liable for damage caused in case the manufacturer is not effective to service of process in any State in which the action could have been brought which is relevant in the case of the hypothesis wherein the Federal laws are said to be applicable in states under the Act. Punitive damages are however proscribed against a manufacturer or seller of a drug or medical device where the drug or the device has received the pre market approval of the Food and Drug Administration (FDA); and the drug has been accepted as safe under conditions approved by the FDA. Similar protection is provided to manufacturer of aircraft which have been subject to pre-market certification by the Federal Aviation Administration (FAA). The factors to be considered in determining the amount of punitive damages have also been covered. Civil action is barred unless the case is filed within two years after the claimant is said to have discovered the harm and its cause and for a capital good which is not a toxic harm, the period is twenty five years after the delivery of product. The Act provides for compensation to individuals when their rights are infringed as there has to be provision for trans state movement of goods. As invariably there is transmigration of goods between states, there is a need for application of a federal law of such nature. The Bill was introduced by Sen. Robert W Kasten. Jr, a Republican on 13 March 1991 and had 39 co sponsors, which was numerically adequate to see the bill through in case a majority of the senators supported it. The proceeding of the Bill was as given below:-(a) The Bill was introduced on 13 March 1991 and then read and referred to the Committee on Commerce. (b) The Subcommittee on Consumer as well as the Committee on Commerce held hearings and it was reported on 14 November 1991 without amendment. (c) It was referred to the Committee on Judiciary by unanimous consent in June 1992. (d). After consideration by the Judicial Committee it was placed for consideration in Senate by Unanimous Consent on 8 September 1992. (e) Cloture motion to proceed was presented and withdrawn on 8 September 1992. (f) Cloture to proceed was not invoked in Senate by Yea-Nay votes on 10 September 1992 and again not invoked on reconsideration by Yea – Nay vote of 58 – 38. (g) There after this was not pursued further. However the Act in a modified form and through a separate motion has came into force in 1995. The issue before us is however that of liberals being federal focused vis a vis the conservatives. The bill was designed to regulate inter state commerce and provide a uniform product liability law as per the title. It was extensively for the benefit of the individual and the consumer and for all purposes should have been considered by the Senate and approved. However it appears that the underlying clauses in the Bill as given below which restricted the powers of the state could have contributed to its rejection for cloture:- (a) It declared that U. S. district courts did not have jurisdiction over any civil action under this Act, based on specified provisions of Federal law relating to district court jurisdiction. (b) Superseded any inconsistent State law regarding recovery in such actions. A quantitative analysis of the votes has been carried out in the Tables 4 to 6 given below. An examination of Table 4 will reveal that the overwhelming votes of Republicans, 40 have not been in favor of cloture of the legislation with only three for it. The liberal opinion has been with 18 not in favor of the cloture and 35 for it. This clearly indicates that the Republicans were not in favor of restricting the powers of the states even when these were in favor of the individual and also affected the regulation of commerce. This would have avoided a number of vexed issues arising out of inter state commerce which could have been smoothened. But the lack of cloture prevented from such a logical course taking place. The Republican bias towards state independence once again proved to be the stumbling block. An evaluation of the percentages polled will amplify this aspect further for which Table 5 may be examined. The Republicans have voted with an overwhelming 93. 1 percent against the cloture while 66. 1 percent of Democrats were in favor of the cloture. Thereby establishing that a majority of liberals do vote in favor of such motions which provide for federal control on issues which impinge on state – federal relationship. In case the voting is examined quantitatively in terms of percentage of voting in terms of Ayes and Nays with party affiliation, it would emerge that 68. 9 percent Republicans and 31. 1 percent Democrats had voted against the cloture and only 7. 9 percent Republicans and 62. 1 percent Democrats were for cloture. Thus the Democrats are deemed to be overwhelmingly in favor of the cloture.

Hersheys Food Corporation :: essays research papers

The Hershey Food Corporation is a very successful and quality business. Many products are manufactured by this corporation. Most relating, but not limited to chocolate. The corporation plays a role in deciding where products are produced. Hershey’s has expanded to both Canada and Mexico, which calls for many corporate decisions. There are an amazing amount of products associated with Hershey. These include Jolly Ranchers, Hershey Kisses, Hershey drink mixes, the entire line of Reese’s products as well as good old fashion chocolate bars. These products serve in the candy/snack foods division of sales. Society could do without them... but why would we want to?   Ã‚  Ã‚  Ã‚  Ã‚  Hershey’s takes advantage of many different types of advertising. Television commercials and ads are very common. Sponsorships is also another very common way Hershey advertises. Hershey sponsors everything from ice skating shows, to racecars. The Hershey Food Corporation is very competitive so they need this type of advertising. However, the only other major corporation to compete with is Mars. The chocolate industry is diffidently not pure competition. Mars and Hershey’s form an oligopoly. Hershey’s has so many different kind of products that they have a lot of competition. The company has branched out to where they’re not only competing against other chocolates but also for fruit candies, and baking chocolate and chocolate drinks as well. The fact that so many products are offered, extends the corporation to different divisions. Mexico and Canada have manufacturing plants. Seventeen manufacturing plants include Hershey, Pa (Hershey p lant, Reese plant, West Hershey plant0, Hazleton, PA, Lancaster, PA, Memphis, Tenn., Naugatuck, Conn., New Brunswick, NJ, Oakedale, CA, Palmyra, PA, Reading, PA, Robinson, Ill., Stuarts Draft, VA, Wheatridge, CO, Dartmouth, Nova Scotia, Montreal, Quebec, Smiths Falls, Ontario, and Guadalajara, Mexico.   Ã‚  Ã‚  Ã‚  Ã‚  As successful as Hershey’s is, some factors have influenced set backs for the company. Devaluation in Brazil, Russia’s economic collapse, restructuring in China and the Asian financial crisis. World economics effect the Hershey’s company as well. Another closer to home setback occurred with a pasta divestiture. Evidently they tried a new venture in the pasta industry, but sold it because it just wasn’t making enough money.   Ã‚  Ã‚  Ã‚  Ã‚  Mr. Hershey treated his employees exceptionally well, ever since he first opened his business. His personal philosophy revolved around sharing wealth with others and helping who he could. Even in the Great Depression he employed as many people as he could. His business helped support an entire town, built around his factory.

Health and Wellness in the Workplace Essay

Thesis Statement: Health and Wellness programs in a workplace can benefit employees by helping them manage their physical and emotional health, reduce stress and provide a reward system program in the workplace. I. Introduction. II. Provide Nutrition Programs A. Manage employees physical & emotional health 1. Provide different seminars to manage different health issues. 2. Create a program that fits your employees concerns in the work environment. III. Promotes employee’s perfect attendance A. Prevent employee’s absenteeism 1. By providing random wellness check 2. Reward employees for perfect attendance in the wellness programs IV. Reduce Stress in Workplace A. Provide breaks to help employees reduce stress 1. Start a group during 15 minutes break to walk 2. Provide a massage therapist once every two weeks to give 15 minutes massages to relief stress. 3. Give a stress management seminar for nutrition and excerising. V. Reward System in the workplace to accomplish Goals A. Provide a reward program to lose weight and stay healthily 1. A support system for employees by offering extra days off for doing the programs. 2. Create a bonus program for employees for reaching health goals. VI. Conclusion. Resources By: Alden, Sharyn, Regroup, Recharge, Credit Union Magazine, Jul 2007, Vol. 73 Issue 7, p 30-35, 6p; Abstract By: Bulk Tran Sporter, Tax credits proposed for employee wellness, Nov. 2007, Vol. 70, Issue 5, p12-12, 1/2p; Abstract By: Shepherd, Leah Carlson, More time to smell the†¦

Lord Stirling in the American Revolution

The Effects Of Media On Children And Young People

December 14, 2012- 20-year old Adam Lanza fatally shoots 20 children and 6 adult staff members of Sandy Hook Elementary School in Newtown, Connecticut, later shooting himself, making this incident the deadliest mass shooting at a high school or grade school in U.S. history. It may seem ridiculous to think that this was derived from video games. The Daily News reported that Lanza had many video games in his house promoting mass murder, school shootings, and gun violence, which police believed helped to inspire Lanza’s, â€Å"sick, game-style high score†. The release of this evidence contributed to a continuing debate on the extent of the effects of media on children and young people. Many children are exposed to media continually, even though young ages are times of fragile development and strong receptibility. The Center of Media and Human Development records that youth from as little as two months to eight years of age spend an average of five hours watching televisi on or online videos, and 69 percent of families with young children under eight years old have a smartphone, with 38 percent of children under two used a mobile device for media, states . This raises the question, does media desensitize and negatively affect adolescents? Desensitization is defined as the diminished emotional responsiveness to a negative, or aversive stimulus after repeated exposure to it. Media lessens emotional responsiveness and harms adolescents because of suggestive themes, graphically violentShow MoreRelatedThe Effects Of Media On Young Children1742 Words   |  7 Pages Observational Learning the Young Child Luciana D. Lavilaire Florida International University Prof. Marie Daurel - P. 1 Abstract This paper intends to bring awareness to the harmful effects of the media on young children. 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