
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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To what do you attribute the success of Southwest Airlines?
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- Consider the market for cola soft drinks where Pepsi and Coke are dominating this market with well above 90% markets share combined.Under what market structure do Pepsi and Coke operate? What microeconomic model can best describe the behavior of Pepsi and Coke? Explain the main theme of this model. Given the obvious market share of both Pepsi and Coke, on what grounds would you justify the multibillion-dollar annual advertising spending by those two companies?arrow_forwardHyundai Motor Company is a large multinational automotive manufacturer based in Seoul, South Korea, that also owns a 32.8 percent of Kia Motors. Currently the fourth largest vehicle manu- facturer in the world, Hyundai operates the world's largest integrated automobile manufacturing facility in Ulsan, South Korea. With around 75,000 employees globally, Hyundai sells automobiles across 193 countries with the help of around 6.000 dealerships and showrooms. In August 2015, the five largest auto brands in China are Volkswagen, General Motors, Nissan Motor, Hyundai Motor, and Toyota Motor. Among these five companies, only Toyota is on track to meet its full-year 2015 target, while Hyundai is performing the worst. Specifically, in the first-half of 2015, Toyota's China sales rose 10 percent, on track to meet their 20 percent full-year's growth tar- get. In contrast, Hyundai's China sales fell 8 percent although the company has a 3 percent full-year growth target. Hyundai recently posted its…arrow_forwardQuestion 45 When assigning responsibilities for monitoring risk mitigation plans, which of the following criteria is most important? a. To properly assess the monitoring process, those doing the monitoring must hear from those close to the risks/ controls b. Monitoring should focus on established, not emerging, risks c. To insure an independent attitude, monitoring responsibility should be limited to higher levels rather than at levels where detailed processes occur d. Those with monitoring responsibility can generally minimize consideration of cost-benefit analysis Question 46 An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy? Avoidance Reduction Sharing Elimination Question 47 Stakeholders are individuals or groups who a. Dominate the strategy development process…arrow_forward
- HSBC Holdings PLC, bank holding company based in London that originated as theHong Kong and Shanghai Banking Corporation, Ltd., in 1865, with offices in HongKong, Shanghai, and London. It was established at a time of growing trade betweenChina, India, and Europe. Read and understand the given report “HSBC Holdings plcStrategic Report 2020” , which will share with you some special insights into the manyfacets of the company then answer the questions below in relation to the given report. Question: Based on the report, advice HSBC Holdings plc on the changes or improvements whichought to be done as to the banking related sector in order to overcome the pandemicsituation as faced by the world now strategically beside their current practice in theindustry. minimum 1000wordsCLO 1 : Discuss the core issues, key concepts, elements, components and processes ofstrategic managementarrow_forwardImagine you are a manager doing a competitive analysis and are considering international expansion. Analyze the economy of the U.S. and compare/contrast to that of one other (first world or industrialized) country like Great Britian, Canada, Australia, Switerland, France and Germany. It term of the following: GDP Inflation/Deflation Unemployment rate Savings rate Stage in business cycle (and justify why) Income distribution Overall Well-being (including information from the Global Happiness indicator)arrow_forwardWho are the major competitors of your college or university? What are their strengths and weaknesses? What are their strategies? How successful are these institutions compared to your college?arrow_forward
- Why are Dr. Pepper, Tropicana Products, PepsiCo, considered competition to Coca Colaarrow_forwardThe global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning? Discuss. Governments worldwide are turning to “protectionism” to cope with economic recession, imposing tariffs and subsidies on foreign goods and restrictions/incentives on their own firms to keep jobs at home. What are the strategic implications of this trend for international commerce? Identify two industries experiencing rapid technological changes and three industries that are experiencing little technological change. How does the need for technological forecasting differ in these industries? Why? Discuss the ethics of gathering competitive intelligence. Discuss the ethics of cooperating with rival firms.arrow_forwardFrom a ZEI perspective what advantages and disadvantages do ABB and Siemens offer?arrow_forward
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