This website uses cookies to ensure you have the best experience. Learn more

Firm Analysis

1100 words - 5 pages

FIRMS ANALYSIS
LaShaunda Monroe
John Igwebuike
BUSN 150
MAY 22, 2011

ABSTRACT
In this paper, I will use the two firms. The companies I will discuss are Wal-Mart and Novartis Pharmaceuticals Corporation, facing similar issues in different countries. Then, I will discuss their political, social, legal and ethical differences and their impacts on management decisions which will lead to conclusions, and recommendations that will also be provided.
INTRODUCTION
Identify two firms with similar problems but from different countries. Novartis Pharmaceuticals Corporation is a Swiss based company that was created with the merger of two firms Ciba- Geigy and Sandoz pharmaceuticals. It is the ...view middle of the document...

The UK has a responsible government and they can make rules on any matter so the company has to be unyielding in making rules and regulations in the company. The UK government has the power to make laws on any matter. The US political system displays shortcomings that affect the US based organization like global warming, and this also affects the operations of Wal-Mart. More political issues are faced by the US based organization like Wal-Mart, because the US political system is more liberal than the UK political system (Kilcullen, 2000).
Cultural differences: The UK people have different attitudes about work, efficiency, and business meetings, than that of the US working employees. They both have English as a common language, but both US and UK English language is different in terms of phrases, and unfamiliar meanings. This has effects when employees are sent for the international meetings, and training. The US people will willingly accept the new situations and take risks without any fear, however the UK based firms like Novartis Corporation, employees are cautious. This behavior affects the organization. American employees get frustrated very easily as compared to UK employees. In American based organizations, everyone is willing to participate in the meetings, however in UK business meetings, seniors make the decisions. If any employee does not voice any view, he will not be forced to participate in any decision making. These are all cultural differences that affect the organization's working and processes which affect the profit of the organization (Doke, 2004).
Legal Differences: The UK has taken steps to expand the organization by formulating laws. UK lawmakers do not believe on the virtues of the regulatory competition. They believe that these laws are for social welfare, while the US believes that these laws are not for social welfare. Therefore, Wal-Mart policies are favoring employees, but they are favoring profits more than social welfare, however, Novartis is also favoring profits to some extent, but is more concerned about the welfare of their employees. It also pays $3.3 million for the damages of sex discrimination (Vermeulen, 2003).
Ethical Difference: US organizations are at liberty to adopt the code of ethics, as they have no legal authority to police it so, they can accept it to any extent like Adopt partial, fully or some portion only. The UK has legal authority, so they must adopt each and every code of...

Other Essays Like Firm Analysis

Ownership Structure and Firm Performance Essay

1859 words - 8 pages firm performance. Cho, M.-H. (1998). Ownership structure, investment, and the corporate value: an empirical analysis. Journal of Financial Economics, 47(1), 103–121. Demsetz, H., & Lehn, K. (1985). The structure of corporate ownership: Causes and consequences. The Journal of Political Economy, 93(6), 1155–1177. Demsetz, H., & Villalonga, B. (2001). Ownership structure and corporate performance. Journal of Corporate Finance, 7(3), 209

A Behavioral Theory of a Firm

701 words - 3 pages authors examine only the direction, intensity and success of search. Having used analysis including writing down divisions like variables, they should conceptualize a mathematical function in their mind. A case in point, they do not give a specific goal for the firm but their views on it seem pretty like a Lagrange function of goals of all the participants with cost functions representing the negotiation process and changes to the surroundings. To

Evaluating E-Business Leadership and Its Links to Firm Performance

4568 words - 19 pages Evaluating E-Business Leadership and its Links to Firm Performance Jing Quan Salisbury University, USA Chapter XXV AbstrAct Electronic business (e-business) has been popularly lauded as “new economy.” As a result, firms are prompted to invest heavily in e-business related activities such as supplier/procurement and online exchanges. Whether the investments have actually paid off for the firms remain largely unknown. Using the data

Mutual Fund Manager’S Role in an Investment Firm

1174 words - 5 pages tracked by investors and the investment firm. With this information, they can make a comparison with other mutual funds in the industry. The investment firm could also track my progress by evaluating my performance with my counterpart in different management firms (Bar, Kempf, & Ruenzi, Chapter 15, 2011). The first step in my selection process is to conduct a SWOT analysis. SWOT stands for strengths, weaknesses, opportunities and threats. I will

The Role of Information Technology in Business Process Reengineering in the Contemporary Business Firm:

2527 words - 11 pages ESAMI EXECUTIVE MBA RESEARCH PROPOSAL TOPIC: The Role Of Information Technology In Business Process Reengineering In The Contemporary Business Firm: A Case Study Of A Leading Bank In Kenya. Prepared by Paul B. Mureithi Reg. No. 5NB100/01 April 2003. TABLE OF CONTENTS |SECTION NUMBER |TITLE |PAGE | |1 |Research

Organizing Law Firm

1826 words - 8 pages Plan for Organizing the Law Firm of Boggs & Buggs There are many actions to be taken when organizing a law firm. First, I will detail all of the equipment needed to operate the law firm to provide adequate representation to all clients. Then, I will detail the procedures and policies that will be put in place to make the law office operate efficiently and effectively. Throughout the Plan, I will detail how the policies and equipment work

Dissolution of a Partnership Firm

2606 words - 11 pages S.50. Personal profits earned after dissolution Subject to Contract between the partners, the provisions of clause (a) of S.16 shall apply to transactions by any surviving partner or by the representatives of a deceased partner, undertaken after the firm is dissolved on account of the death of a partner and before its affairs have been completely wound up: Provided that where any partner or his representative has bought the goodwill of the

Case Moss And Mcadams Accounting Firm

1581 words - 7 pages Case Moss and McAdams Accounting Firm Bruce Palmer had worked for Moss and McAdams (M&M) for six years and was just promoted to account manager. His first assignment was to lead an audit of Johnsonville Trucks. He was quite pleased with the five accountants who had been assigned to his team, especially Zeke Olds. Olds was an Army vet who returned to school to get a double major in accounting and computer sciences. He was on top of the

Marketing Plan Mask Private Investigators 1.0 Introduction the Idea of Private Investigation Firm Is Nothing Very New. Civilized People Always Felt the Need of Some Sort of Specialized Service, Apart...

4726 words - 19 pages investigation services. Basically, these firms like “Securex” has included this service in their service list, obtained permission from government, but they don’t practice it on ground. Since, Entry Barriers are high, it’s not easy to just jump into this business. So, we expect to have not many but a few competitors after we start our operation. 5.6 Competitor Analysis 5.6.1 Brand competitors As we are going to be first firm providing such service, so

Dostoyevski theory without a firm idea of himself and the purpose of his life man cannot live even if surrounded with bread

1585 words - 7 pages  Neighbors By Stephanie McGinnis English Comp. II- Literary Visions McGinnis 1 Outline I. Introduction A. Raymond Carver describes himself as “inclined towards brevity and intensity and hooked on writing short stories.” Some critics have found Carver’s flat prose, arid landscape, muddled and unhappy characters, and enigmatic endings nihilistic, vapid, or pointlessly bizarre. B

Strategic Analysis of Koh Brothers

595 words - 3 pages Part 1 – Industry Analysis Your group industry analysis should focus on industry trends and on the firm competitive environment. Feel free to adjust the outline below in the most meaningful way for the industry you selected. The important point is to cover all essential areas in a clear and concise manner, and to highlight the main external strategic issues the firm is confronted to. The last part will ask you to focus on the firm strengths

Related Papers

An Economic Analysis On The Short Run Supply Curve Of A Competitive Firm

1765 words - 8 pages Course Title: Introduction to Economics Course ID: ECN 200 Coordinator: Dr. A.K. Monaw-War Uddin Ahmed “An Economic Analysis on the Short-Run Supply Curve of a Competitive Firm” Name: Shariful Alam Chowdhury Student ID: 1120023 Perfect competition – a pure market Perfect competition describes a market structure whose assumptions are extremely strong and highly unlikely to exist in most real-time and real-world markets. The reality

Boston Consulting Firm Essay

1742 words - 7 pages Boston Consulting Firm Benefits Mike Williams Grantham University Boston Consulting Group Benefits An analysis of organizations, both public and private, show the use of flexible benefits programs to help attract and retain a motivated and high-performing workforce. The Boston Consulting Group is said to be one organization, to set the bar very high, when it comes to sharing the benefits wealth with its employees. What are benefits

Leverage And Firm Risk Essay

4471 words - 18 pages the common stock alternative. Capital Structure Decisions—FRICTO Analysis Having discussed the effect financial leverage has on a firm, the costs and benefits of different sources of funds can be evaluated. Although a firm can raise money through an increasing variety of tools, basically the firm faces two choices: debt or equity. Funds raised through debt must eventually be repaid, typically with interest. Funds raised through

Aja Consulting Firm Essay

4415 words - 18 pages worked with each facility to see what kind of services are needed to apply specific needs and formulize how our firm could provide the necessary improvements to meet Riordan’s expectations. By gaining insight, we created and designed the most simple to use and long lasting information system analysis for Riordan Manufacturing. As we gathered information from each company site the firm came together to form ideas and solve problems that will