memo on company about the ways they should consider avoiding the decline in sales in the coming future I am writing a memo to inform the company about the ways they should consider avoiding the decline in sales in the coming future. I discovered that the region’s retail section is always booming up as we approach a new shopping season, which also happens to be towards the end of the year. Through my research, the e-commerce market has predicted to attain the Dh level. The region is also expecting a flow of private sectors as they seek to invest in the area. I also noted how online retailers are working to improve on their service delivery through high innovations on their chain and supply methods. Big stores like the Brick-and-mortar stores are working to see their e-commerce capabilities expanded. For the retailer to keep up with the competition, there is a need for the retailors to renovate both the front and the back of the store. I realized that retailors should also improve their tactics to attract more in-store customers,…
Research Essay: Social Media impact on Global Businesses INTRODUCTION In this essay, I will be writing about the social media impact on global business. The paper will begin by giving an overview of the social media roles on the global market, followed by typical characteristics, and this will offer a better understanding of how social media is affecting global business. I will then talk a bit about the history social media has transitioned up to date. Later on, I will describe in detail on the impact of social media on global business. This will also include cultural and other factors showing the impact of social media and will also include some examples. The essay will conclude with my opinion on the impact of social media on global business. OVERVIEW OF SOCIAL MEDIA IMPACT ON GLOBAL BUSINESS In global business marketing, social networking sites such as Facebook and Twitter have over 3 billion users globally. Companies and international business corporations target to market their products and advertise on these social platforms. Advertisements are shown on the user’s page based on the ‘users’ interests.…
Roots clothing company- Country china Roots Ltd is a Canadian brand that sells men’s, women and children’s apparel, footwear and leather bags, home furnishing, and athletic wear. This is an international multinational corporation, and its headquarters are in Toronto, Ontario, in Canada. Though it has been operating in the US, Canada, and Asia.We are thinking of expanding this business to china market. Demand growth and prices trends for the products According to the current market analysis, the root ltd has been recommended for selling high quality apparels at affordable prices in the areas of operation. This demand trend have made some other potential buyers in china feel interested in buying from our company. To meet the customers’ needs, we have decided to expand our company branches to the china market. The ready market in china will boost our companies sales and profits.The pricing of our products in new China markets will be lowered, inclusive of the discounts and promotions until some time when we fully get stabilization in the clothing industry on the new location. The company is…
Pros and cons Toyota Company should consider when taking a more open approach. Pros Initial cost- there is no or a little upfront costs incurred for the open-source software. if the company is on a tight budget, then it is a good idea to use the open-source instead of tapping the bank for costly solutions Reliability- open source is more reliable. Thousands of workers are always busy developing and improving open-source software. Meaning, it’s easy for a person to note a flaw hence fixes it immediately. Flexibility- OSS is about adaptability. Clients of open-source programming profit by the opportunity to change the product such that suits their business needs. Not at all like with business programming, where you need to stick to the merchant’s necessities and breaking points, open source clients have unlimited authority over their product. Cons Support- Open-source software does not own user manuals and access to experts who are familiar with working with the software. Although a person can look for assistance in relevant groups without incurring any charges. Security- Open software is not established in an…
water loop region health coalition marketing integrated communication plan Waterloo region health coalition is an all known charity organization that reaches to every person in the grassroots. Considering the history, this organization diversified means of reaching out to the community to empower the it is involved n promotion of disease awareness in the region , interestingly supporting the charity work in the community is a change in the whole society. This plan will focus on the water loop region health coalition marketing integrated communication plan concentrate on how is the way it communicates to reach out in the efforts of the companies charity work in empowering the children, through community-based health care programs. It has been able to achieve this through the use of local investments and advertising sponsorships. This integrated marketing plan is aimed at giving an overview of this company as a charity organization in empowering the community outlining the essential products and provides the company with a position in the market as well as analyzing its market competitors. Waterloop healthcare coalition has been able to utilize…
organizational benefits of a diverse workforce Increased level of productivity Attracting and also retaining a diverse workforce, it will help the organization to increase the level of products which would ensure the growth of the organization. For instance, the employees of the organization will be more motivated and willing to work more efficient (Johnson, 2019). Also, to note is that there will be an increased level of the skills and experiences in the company. Branding of the employees By allowing the diversity of the employees in the organization, it would ensure there is good branding of the employees in the organization, which would enhance the level of efficiency in the company (Johnson, 2019). For instance, it would increase the public perception, which is needed to increase the number of sales which are made by the company and therefore draw new talent. Increase creativity It’s a significant benefit that the organization will enjoy through having a diversified workforce. Through allowing the integration of the employees in the organization, it would help to share ideas and boost the level of creativity(Johnson, 2019).…
Sony Corporation’s Various Risk Management Tools A net beneficiary of foreign currency from China and foreign trade other than the USD is Sony Corporation. In fact, the adjustments in exchange rates and enhancement of the USD have a negative impact on the company’s domestic sales profit and gross margin. Various exchange risks, such as investment risks and translation risks, are involved in international trade. A business also faces these risks. Thus, if the risks in the foreign exchange rates occur, it needs to adjust the local currency product price due to competition (XXX). Such foreign exchange risks, including forwarding and options contracts with financial institutes, are mitigated by Sony Corporation by using derivatives and options contracts that will protect the corporation against exchange rate volatility linked to assets and commitments, committed trade, and foreign market investment through subsidiary investments. By using derivatives to offset its exposure to foreign currencies partially, Sony Corporation is safeguarding most of its international content exposure. As stated by XXX, the company signs contracts for foreign currencies and options for compensating some of its foreign exchange…
Pharmaceutical Industry Specify the types of country risks that pharmaceutical firms face in international business. How do the political and legal systems of countries affect the global pharmaceutical industry? Pricing of stock. Many countries in Africa and Asia are poor hence are unable to purchase the costly medicine. Pharmaceutical companies spent vast sums of money to create and market drugs, thus leading to the high pricing of the medicines to generate profits. Generic competition. For the developed countries like the United States, the state has set aside strong patent protection laws, which enables the pharmaceutical companies to make a lot of profits. The patent has been facing a lot of competition from the generic companies which produce similar drugs hence dispatch them to the market for lower prices. Competition from counterfeit drugs. The number of fake drugs has been on the rise, which is extremely cheap — the estimated amount of money collected from counterfeit drugs in $500b, which is collected annually. Many countries have failed to regulate and ensure that the drugs that are being imported are of quality…
The DeFluries Fine Chocolate Company The DeFluries Fine Chocolate Company was formed in the year 1985 in Vienna as a Bakery and a Chocolate manufacturing Company. The Company was then re-located to Martinsburg, West Virginia, where it focuses on the production of the Fine Chocolates and live aside from the Bakery role. The Factory is privately owned by the family of Brenda and Carlie, who owns almost half of the Factories shares, the company products are purely made on employing ancient techniques. The DefLURIES Chocolates are mainly sold on the Companies Wholesales and retails shops and other shops in the United States of America, some of the companies’ products are also available from their well-developed online stores which have created the availability of its products to the customers in various part of the Continent. The Company covers an area of approximately twelve thousand square meters with a separate building, which once was the homestead f, Mc Croy, the Company has a series of development over the previous years, and the use of machines are know applied to improve the output…
Smart Video Marketing Tips To Make Your Campaign Great Video marketing is emerging as one of the hottest tools used by businesses to increase sales and profits. This article contains a ton of great video marketing advice that you can use to improve your business. By intelligently implementing the best video marketing strategies, you are sure to enjoy success. Be Confident Do not allow your shyness to stop you from taking advantage of video marketing. When you are looking into the camera, talk as if you were talking to an old friend. IT is a straightforward and effective way to help yourself get over the discomfort of talking to people you don’t know. Use events such as expos and trade show to interview experts. You can then post the interviews on your site as a resource for your viewers. Ask the types of questions that your audience would ask and try to keep the conversation as exciting as you can to hold your viewer’s attention. Start With a Good Video Editing Software Find quality video…