4. Justification of the chosen strategy
The main reason we choose it is Dubai is because it’s a international town in the world, just same like New York, London, Tokyo and Hang Kong. Also, because of its fast globalization, great population and remarkable geographic location bring the different kinds of cultures to Dubai, such as different tourist, currency and languages. The national and official language of Dubai is Arabic and second languages is English. So, there is no languages obstruction here. We could use English to communicate with government and public and if we hire employee locally, they would be familiar with English, Arabic and other language so they can take care of different kinds of customs well.
Due to American is the
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Firehouse Subs could use local resources to to help them manage business.
Firehouse Subs may start business in Dubai as first step in middle east market. It’s a huge market for food business and we can open chain enterprises if it works well in Dubai. Therefor, a acceptable price strategy should be concern in operation.
Moreover, there is an important reason to choose Dubai to expand their business. It’s the high average growth of GDP. “The Gross Domestic Product (GDP) in the United Arab Emirates expanded 5.20 percent in 2013 from the previous year. GDP Growth Rate in the United Arab Emirates averaged 4.66 percent from 2000 until 2013, reaching an all time high of 9.80 percent in 2006 and a record low of -4.80 percent in 2009. GDP Growth Rate in the United Arab Emirates is reported by the National Bureau of Statistics, UAE.”(United Arab Emirates GDP Growth Rate 2000-2015, Trading Economics) So, the performance is too great to support Firehouse Subs start business and make sure the attractive for customs.
In addition, because of the quick growth of Dubai economic and more transportation will be built, more opportunities for business. The government offer a stable and flexible environment and Firehouse Subs could not concern the political effects. Dubai has so many tax-free zone and it’s almost duty free for personal. Dubai is also the major transport hub and financial center, Firehouse Subs will
I am using the mind mapping strategy because I like images and the mind mapping helps to organize and condense information in the form of a picture. I have found that mind mapping is very practical when the information are well organized and in chronological order. For our reading, information are given chronologically so they suit to mind mapping strategy. Also, with this note taking format “little thinking is needed, relationships can easily be seen and it is easy to edit my notes by adding marks, and color coding (“ Note Taking Systems”)
"oday managers in many industries are working hard to match the competitive advantages of their new global rivals. They are moving manufacturing offshore in search of lower labor costs, rationalizing product lines to capture global scale economies, instituting quality circles and justin-time production, and adopting Japanese human resource practices. When competitiveness still seems out of reach, they form strategic alliances-often with the very companies that upset the competitive halance in the first place. Important as these initiatives are, few of them go beyond
United Arab Emirates continues to develop its interest with missile defense while oil has been the focal point in UAE’s economy and continues to contribute tremendously to economic prosperity. A determined and far-seeing policy of economic diversification has fortified the result of non-oil sectors now account or 69 per cent of funds contributing to the economy with oil supplying the remaining third (“UAEinteract,” 2016). Trade has also played a significant role in the economic life for many centuries. Economic growth has steadily gone up due to a short-lived
The city of Dubai is known as one of the wealthiest cities among other Middle Eastern cities although it is the smallest in term of area; however, Dubai has several unique things that feature the city to be better than other cities. Dubai has a magnificent location, the ability to expand to twice its size, and the major port in the Middle East area.
Over the past two decades, the Game Theory has changed the game of Business in so many ways, from how players interact to the outcome of the Game theory
Investors asked for the reformation of the law because their companies ran into financial problems, and they were unable to reconstruct and stay in business. The law applies to companies that are created under the commercial company laws, companies that are owned by the government, and companies that are developed in the free zones of the UAE. This means that the new bankruptcy law does not apply on DIFC registered companies or the Abu Dhabi Global Market. The law is already published in the official gazette of the United Arab Emirates and is already being
In the book “Good Strategy and Bad Strategy”, Richard Rumelt illustrates examples of success and failure of business management to explain the true meaning of the strategy, and tells companies how to develop a correct strategy and adhere to core of management strategy. He also emphasizes the central role of strategic management as to remind the readers to understand the huge difference between a good strategy and bad strategy. This book has three sections: good and bad strategy, sources of power, and thinking like a strategist. I will be evaluating strengths and weaknesses under these topics. After finish reading the book, I had gained a better understanding of what a good strategy means to the success of a company. According to Rumelt, a good strategy is coherent, where companies pursue multiple objectives that are connected with each other. Rumelt points out that a good strategy consists of three elements: diagnosis, guiding policy, and coherent action. (71) First, diagnosis means to define the obstacles and challenges that the companies are facing, and guidelines help the people to overcome the obstacles. Lastly, coherent action is the activities or actions that company did to be consistent with its guiding policy. Today, many of us lost the focus of the strategy, which results in the downward of businesses and organizations. Rumelt has defined the strategy as acknowledging the main problems and take coherent action to overcome the problems. Moreover, he illustrates
In spite of the fact that the procedures ought to be apply to organizations like huge and little in view of what is going on inside the organization. Be that as it may, for GE, obviously, the truth will surface eventually if succeeds in turning GE or expand the sum much to the monetary area 's disappointment. The key will be regardless of whether GE can persuade the up and coming era of specialists and GE can keep on changing the world. In this way, to sustain the world some option technique could be are
I used a general strategy throughout the entire simulation. Fist I calculated whether to overstock or understock each of the phone models. Next, I found the demand estimates based on the standard deviation and the stocking levels of each model. Also, I picked the design features based on the opinions of the members of my team, or using a consensus forecast. I did however constrain the number of features so it didn’t decrease the uncertainty in demand. The board members all had different objectives that I took into consideration throughout the simulation.
Dubai is the largest city in the United Arab Emirates and quite possibly the most famous of all Arabian metropolises. This fame has arisen from the city’s great oil wealth; from the massive construction projects that have resulted - including the world’s tallest skyscraper and man-made islands; from the reputation for excess among Dubai’s young and wealthy; and from the large numbers of expats attracted to Dubai by the prospect of sharing in the city’s prosperity.
Hilfiger should use the direct selling approach in case of Dubai market. It will reduce their risk of not selling product or extra cost of warehousing. The Channel Should be like:
20% of tourist going to Dubai speak English this can gain skills of many locals and they can communicate with other tourist
Abu Dhabi serves as the capital of the United Arab Emirates. Each emirate within the United Arab Emirates is governed by an absolute monarch who jointly form the Federal Supreme Council. One of the monarchs is selected as the President of the United Arab Emirates. In 2013, the total population of the United Arab Emirates was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates. Islam is the official religion of the United Arab Emirates, and Arabic is the official language, although English is widely spoken besides Persian, Nepali, Bangali, Hindi-Urdu, Malayalam, and Balochi.
history as well as its cultural and religious diversity. Arabic is the official national language.
It is widely accepted that the use of English as a hegemonic language has increased in a currently rapidly globalising world. It has become the lingua franca that facilitates global interconnectedness in communication and business (to name a few areas), alongside the western dominance in consumer culture and fields of innovation (Short, Boniche, Kim, and Li Li, 2001, p.3). While the official language of the UAE is Arabic, Sarah Hopkyns (2014, p.3) rightly states that the presence of numerous nationalities within the UAE needing to communicate with each other on a daily basis necessitates conversing in English.