Thanks Letter to Saudi Diesel Company

Thanks Letter to Saudi Diesel Company I need a thanks letter to this below the company
Saudi Diesel Company

Thanks Letter to Saudi Diesel Company
Thanks Letter to Saudi Diesel Company

I’m electrical engineering, I was selected for a job opportunity in this company
and I get rejected, all that I need is a good and powerful thanks letter that might take it under consideration for any future opening positions. please provide me with professional work. Saudi Diesel Company is the country’s leading manufacturer of a wide range of diesel generators, engines, and accessories. We have the capability to design them to your exact specifications and maintain them too.

Cultural Challenges facing Global Business Strategy

Cultural Challenges facing Global Business Strategy “Boeing versus Airbus: Two Decades of Trade Disputes” at the end of Part 3 (Video is not required to complete this case.)

Cultural Challenges facing Global Business Strategy
Cultural Challenges facing Global Business Strategy

Write a 500- to 750-word paper in which you address the following topics:
· Describe the legal, cultural, and ethical challenges that confront the global business presented in your selected case study.
· Determine the various roles that host governments played in this particular global business operation.
· Summarize the strategic and operational challenges facing global managers illustrated in your selected case.
Format your paper consistent with APA guidelines.

Strategic Implementation Global Business Operations

Strategic Implementation Global Business Operations Conduct a country risk analysis for your selected global business venture. (the selected company is Blackberry and the country is India) Analyze the following risks in your paper AND Describe how you would manage these risk:

Strategic Implementation Global Business Operations
Strategic Implementation Global Business Operations

SECTION 1-
· Political, legal, and regulatory risks
· Exchange and repatriation of funds risks
· Competitive risk assessment. Formulate and implement an international business plan that defines your business objectives and how you intend to achieve them. Clearly state the nature of your business, geographic areas of operation and potential return on investment for each area. Your plan should also assess the global economic outlook in your industry.

World Business Culture Group Presentation

World Business Culture Group Presentation “MY CULTURE IS MEXICAN ”
What luck!! Your group has been offered an opportunity of a lifetime! You will
be going to another country to complete additional training in your field. All expenses are paid and you will be gone for three weeks.

World Business Culture Group Presentation
World Business Culture Group Presentation

Before you leave, however, you must learn about the business culture of that country so that you make the most of your visit. As you know, each country has
different cultural behaviors and manners and these are especially true when conducting business.
What do you need to know? According to Professor John Hooker, in the April 2007 online OP-ED posting “Why Understand Cultures” from Carnegie Mellon Tepper
School of Business, “ If we want to understand what is going on around us, and if we want to succeed in the new world order, we must learn how differently
other cultures think. We must go beneath the cultural surface and discover the tacit assumptions that shape everything else. This requires interleaving
anthropological analysis with real-life experiences and constructing your own understanding of the culture you want to engage.”

World Business Culture Group Presentation

Additionally, www.worldbusinessculture.com states that “ [W]hen working in the global commercial environment, knowledge of the impact of cultural differences is one of the keys to international business success. Regardless of the sector in which you operate – finance, technology, or computers and consumer electronics –global cultural differences will directly impact you and the profitability of your business. Improving levels of cultural awareness can help companies build international competencies and enable individuals to become more globally sensitive.”
Therefore, each group will focus on one prominent country and deliver a presentation about the differences between our cultures. These are the areas your group will explore. Research may be needed.
1 outline for 2 things for gender and literal and coded language
1) Gender
2) Literal and Coded Language
• Each group will turn in one report of all of your findings. The findings should be written as a report using college-level writing.
• You need a title page which includes the name of your country and the first and last names of each person in your group. Create an interesting
introduction, use transitions, body of points of discussion and conclusion.

World Business Culture Group Presentation APA Reference

Include a correct APA Reference page of all sources used by your group. Proper paragraphing required.
• You must use PowerPoint or Prezi.
• Each speaker will use a keyword outline for their portion of the presentation. Turn in one copy tor me.
• The presentation should be 9-10 minutes total.
• Always have a strong speaker speak first and last. The first speaker will introduce the group, country and get the audience interested in the presentation
also:
Keyword Outline Example
A keyword outline is used when giving a speech or presentation. It includes the main ideas of what is to be communicated in a manner that is much shorter
than the actual word-for-word speech. The keywords form the skeleton or outline of a speech, and serve to remind the speaker of his ideas in the correct
order he wants to present them. Keyword outlines can be written on index cards or on a regular sheet of paper. An example of a keyword outline follows.
Why Volunteer?
Audience: Peers and Instructor
Purpose Statement: Inform the audience about the importance of Volunteering in our community
Introduction
I. Grabber: quote
A. WIIFT: benefits
B. Credibility : research/statistics
C. Preview: why care?
Transition: Now we know
Body
I Benefits others
A. Immediate result
B. Benefits self
C. Social impact
II. Startling current statistics
A. Hunger: local community needs
B. Homelessness: children
C. Domestic violence
Transition: What now?
III. Who is helping?
A. Soup kitchens
B. Shelters
C. Community volunteers
Transition: What can you do?
Conclusion
I. Review and memorable statement
A. Benefits/social and personal
B. Places to volunteer
C. Quote
D. Thank you! Are there any questions?

Share Portfolio Review Assessment Brief

Share Portfolio Review Assessment Brief I have chosen the company Easy jet an airline, on the London stock exchange.
The following instructions must be met:-

Share Portfolio Review Assessment Brief
Share Portfolio Review Assessment Brief

You need to be able to justify your choice of company. In order to do this, you should carry out some research on a range of companies using PEST analysis.
You will need this information for your interim report.
The assessment is concerned with how you arrived at your choice of initial shares, your analysis of the progress of your portfolio, your judgment for
keeping – or selling – the shares and how well you justify your decisions. In order to do this, you should try to include more pieces of information than
just the closing share price to make a chart as informative as possible. What other information might be relevant? You will also need this information for your interim and final reports.
Interim Individual Share Portfolio Review – maximum 1,000 words To pass this assessment you MUST:
Submit an interim report that analyses the performance of your chosen share throughout the first twelve weeks of the project, paying particular attention to changes in the share price and including a PEST analysis for your chosen company

Share Portfolio Review Assessment Brief Requirements

To achieve a higher grade in this assessment you SHOULD:
Analyse your share performance in detail, with referenced evidence to support your analysis
Provide information on why you chose this particular company
Compare the performance of your chosen share with the overall performance of the shares chosen in your group If you are going to chose to swap your original share, why you are you choosing to swap and your justifications for your new choice.
To achieve a grade at the highest level you COULD:
Provide information on other companies that you considered, and why you rejected them
Consider how well your share is doing compared to the overall portfolio of your group and the stock market as a whole Provide detailed justifications around your decision during the share trading window
Hint: to achieve higher marks you will analyze the reasons for what happened, comparing your company with other relevant businesses, the sector and the economy in general, and taking into account any newsworthy events that affected the share price.

GFC and Large Corporate Negligence by Shareholders

GFC and Large Corporate Negligence by Shareholders The GFC and various large corporate collapses in recent years have led to a significant number of claims in negligence by creditors and shareholders against the auditors of the collapsed companies.

GFC and Large Corporate Negligence by Shareholders
GFC and Large Corporate Negligence by Shareholders

However, courts have been wary of allowing such claims be
Discuss the above statement under the following areas-
1. Policy
2. Case law ? choose 2 to 3 Australian case examples that have been
decided in the year 2000 or later. Choose at least 1 case that is not listed in the textbook. Explain the legal rules the court applied and the
main reasons for the court?s decision for each chosen case.
3. Explain how the current law regarding the negligence of auditors differs to the general principles of negligence set out in Donoghue v Stevenson [1932] AC 562.
4. Do you agree with the current law? Explain why.

Rentall Trucks Case Study Assignment

Rentall Trucks Case Study
                Rentall Trucks Case Study

Rentall Trucks Case Study

ORDER INSTRUCTIONS

Rentall Trucks Case Study

Introduction

This paper will provide an analysis of the case study of Rentall Trucks using Markov Analysis. The problem statement of the case is about legal issues that surrounded the operation of two main competitors in the truck renting industry Rentall and Rentran. The scope of a problem is the extent of perception, action or inquiry of a concept. In our case study, the scope is an omission in the contracts leading to the sale of Rentall Trucks that could cost the firm millions of dollars according to Jim Fox.  (Render, Stair, R. Hanna, & Hale 2015). The critical decision issues to be addressed by Rentall Trucks include how to increase the competitive edge and maintain a large market share in the industry.

Analysis

One of the critical elements of the Rentall Trucks case is the fact that during its sale, the contracted law firm omitted a clause that would prove costly in the long-run. Folley, Smith and Christensen failed to include a clause that would prevent Bob Renton from competing directly with the firm. This led to the creation of Rentran. The case provides another critical element in which Rentall faces stiff competition from Rentran, despite the fact that it is only a few months into its operations. In six months, Bob has succeeded in convincing and poaching a number of key executives from Rentall into his company, Rentran. The firm managed to acquire a market share of approximately 5% in the first few months of its operation while Rentall had 80% and National rentals, another competitor, had 15% (Render, Stair, R. Hanna, & Hale 2015). The Market share determines the portion of a market controlled by a particular firm (Rego, Morgan, & Fornell, 2013). It is the percentage of total sales in a given market earned by a company (Gale, 2014). Pete Rosen, the president of Rentall Trucks, got concerned about the situation and decided to conduct research to determine future projections of the firm and the market. His concerns were that his firm would be incapable of maintaining 50% of the market in the future. The case has provided a clear set of facts on the current scenario facing the firms. These facts were established after a research company hired by Pete Rosen conducted an analysis on truck rental customers. The sample size was 1000 potential and existing customers. Of these, 800 were Rentall customers, while 60 and 140 were Rentran and National customers respectively. After one month, the sample was analyzed again. It was found that 200 Rentall customers switched to Rentran, 80 switched to National, 3 Rentran customers switched to rental, six switched to National, and finally, 14 National customers switched to Rentall and 35 to Rentran (Render, Stair, R. Hanna, & Hale 2015). An in-depth review of the essential issues is offered by these facts.

Solution

In addressing the main points outlined in the case, various recommendations are needed to solve the problem statement. According to Jim Fox, Rentall Trucks could do nothing to correct the problem of the costly contract omission by the law firm Folley, Smith, and Christensen. The only applicable solution would be to formulate and implement effective business strategies. These strategies would provide a framework through which counter measures would be adopted to prevent Rentran’s activities and market advancements. The policies adopted would be to curb Rentran’s ability to lure away both customers and investors from Rentall. Three areas would require to be reviewed and appropriate changes made. These areas are advertising, rental policy, and product line. The issue of rental policies would require that truck rental business is made easier and faster. This would necessitate the implementation of some of the policies used by car rental agencies like Hertz. To attract more customers, changes in the product line would have to include comfortable and easy to drive trucks, trucks fitted with automatic transmission, air conditioners, quality radio and stereo tape systems, comfortable bucket seats and cruise control (Render, Stair, Hanna, & Hale 2015). Zenetti and Klapper (2016), state that advertising promotes sales by influencing the behavior of potential customers. This showed that additional advertising was required to be aggressive and immediate. A good company had to be contracted and advertising in journals and the television increased. Implementation of these strategies would give Rentall Trucks a chance of maintaining their close to 80% market share. Changes in the advertising strategy would ensure that a bigger target audience is reached and their market behavior influenced to opt for Rentall Truck products and services. This would increase the number of new customers. On the other hand, changes in the product line and rental policies would help maintain a loyal customer base for the firm.

Justification

The recommended course of action is justifiable since policy makers and scholars alike agree to the effectiveness of the stated strategies. The above recommendations have been applied elsewhere and hence, are tried and tested. The justification for the recommendations is that:

1.)    Advertising is a proven strategy to help convince more customers to trust the products and services being offered by a company as explained by Buil, Chernatony, & Martínez, (2013). Rentall Trucks is justified in increasing advertising, especially in          television and journals.

2.)    Changing a product line constitutes to rebranding. The strategy of rebranding helps   a company in that it proves to doubtful customers that the brand has reinvented itself and will, therefore, be in a position to satisfy their tastes and preferences more that before (Todor, 2014). To Rentall Trucks, changes in the product line will ensure that those customers who had switched to their rivals are more convinced about its service and product quality and will be motivated to switch back.

3.)    Reviewing of rental policies will revolutionize the whole industry. This is due to the fact that if Rentall are successful in simplifying the processes involved in renting trucks, they will set a standard to be followed by all competitors. Setting standards will  make them stand out as market leaders and will therefore have that largest market share.

Summary

This case study provided a case scenario of Rentall Truck Company seeking to gain a competitive advantage over its competitors, Rentran and National. The companies were competing for the market share in the truck renting industry. Rentall faced stiff competition from Rentran, a company owned by its former founder. They found themselves in this situation due to a blunder of omission of an important clause in its contacts. To retain its customers, Rentall recommended changes in its advertising strategies, product line and rental policies. The strategies were justifiable through since they were tried and tested. The justification was further improved by the market research conducted by Meyers Marketing Research firm.

Calculations

  1. What will the market shares be in one month if these changes are made? If no changes are made

Rentall – π1 = 0.8

Rentran – π2 = 0.06

National Rentals – π1 = 0.14

Tree diagram (Month 1 with no change)

 

0.65                 0.25                 0.1

P =       0.05                 0.85                 0.1

0.65                 0.25                 0.1

π (1) = π (0)P

 

0.65                 0.25                 0.1

= (0.8, 0.06, 0.14)       0.05                 0.85                 0.1

0.65                 0.25                 0.1

= 0.52+0.003+0.091, 0.2+0.051+0.035, 0.08+0.006+0.014

= 0.6, 0.29, 0.1

= 60% 29% 10%

Market share without the changes will be:

60% for Rentall

29% for Rentran

10% for National Rentals

Tree diagram (Month 1 with change)

0.85                 0.125               0.025

P =       0.15                 0.75                 0.1

0.2                   0.25                 0.55

π (1) = π (0)P

0.85                 0.125               0.025

= (0.8, 0.06, 0.14)       0.15                 0.75                 0.1

0.2                   0.25                 0.55

= 0.68+0.009+0.028, 0.1+0.045+0.035, 0.02+0.014+0.077

0.72, 0.18, 0.1

72%. 18%, 10%

Market share without the changes will be:

72% for Rentall

18% for Rentran

10% for National Rentals

This shows that Rentall will have a larger market share if the actions suggested are implemented. Rentall’s market share will remain high while Rentran will grow at a slower rate. National Rental’s market share remains the same.

  1. What will the market share be in three months with the changes?

π (n) = π (0)Pn

π (3) = π (0)P3

0.61                0.002               0.00002           3

(0.8, 0.06, 0.14)           0.003               0.42                 0.001

0.008               0.27                 0.17

= 0.6, 0.3, 0.1

Market share after 3 months will be:

60% for Rentall

30% for Rentran

10% for National Rentals

  1. If market share remains the same, what market share will Rentall have in the long-run?Ho does this compare to if the changes were not made.

If the market conditions remain the same, the market share for Rentall in the long-run would keep reducing, though at a lower magnitude than if Rentall did not make the changes. The new market shares are shown in the tables below. The market share moves from 80% to 72% in month 1 to 66 % in month 2, 61% in month 3, 58% in month 4 and 56% in month 5. If the changes were not made, Rentall’s market share would have deteriorated quite fact, moving from 80% to 61% in month 1, 48% in month 2, 40% in month 3, 35% in month 4 and 32% in month 5. This would be a significant loss to Rentran, which would have 58% of the market by the fifth month. Therefore, it can be concluded that the changes will reduce the rate at which the company loses its market share to Rentran. However, Rentall still continues to lose its market share and better strategies are required to enhance competitiveness.

After Change (Excel calculation)
Probabilities Current Market share
0.85 0.15 0.2 0.8
0.125 0.75 0.25 0.06
0.025 0.1 0.55 0.14
 

Market share

Month 1 Month 2 Month 3 Month 4 Month 5
Rentall 0.72 0.66 0.61 0.58 0.56
Rentran 0.18 0.25 0.29 0.32 0.34
National 0.10 0.09 0.09 0.10 0.10

 

Before Change (Excel calculation)
Probabilities Current Market share
0.65 0.05 0.65 0.8
0.25 0.85 0.25 0.06
0.1 0.1 0.1 0.14
 

Market share

Month 1 Month 2 Month 3 Month 4 Month 5
Rentall 0.61 0.48 0.40 0.35 0.32
Rentran 0.29 0.42 0.50 0.55 0.58
National 0.10 0.10 0.10 0.10 0.10

Reference

Buil, I., De Chernatony, L., & Martínez, E. (2013). Examining the role of advertising and sales     promotions in brand equity creation. Journal of Business Research, 66(1), 115-122.

Gale, . (2014). Market share reporter. Place of publication not identified: Gale, Cengage   Learning. management. (12th ed.). Upper Saddle River, NJ: Pearson.

Rego, L. L., Morgan, N. A., & Fornell, C. (2013). Reexamining the market share–customer           satisfaction relationship. Journal of Marketing, 77(5), 1-20.

Render, B., Stair, R. M., Hanna, M. E. & Hale T. S. (2015). Quantitative analysis for Todor, R. D. (2014). The importance of branding and rebranding for strategic marketing. Bulletin of the Transilvania University of Brasov. Economic Sciences. Series V, 7(2), 59.

Zenetti, G., & Klapper, D. (2016). Advertising Effects Under Consumer Heterogeneity–The Moderating Role of Brand Experience, Advertising Recall and Attitude. Journal of Retailing, 92(3), 352-372.

We can write this or a similar paper for you! Simply fill the order form!

Product differentiation costs and balance sheet quality

 

Product differentiation costs
                           Product differentiation costs

Product differentiation costs

Order Instructions:

Evaluation of Accounting Policy and Quality
Ernesto Simon
ACC510 Financial Reporting and Disclosure
Excelsior College

SAMPLE ANSWER

Product differentiation costs and balance sheet quality

Product differentiation plays an important role in promoting company performance. However, costs associated with product differentiation are likely to affect the health of a balance sheet to a considerable extent by presenting quality issues.

Product differentiation could be a highly expensive endeavor. In Starbuck’s case, the company incurs expenses related to market research, training, fair trade and sustainable environmental issues, which to a great extent impact on the company’s liquidity. Smith (2015) notes that investors are more likely to be attracted to companies whose balance sheets indicate higher growth potential and ability to meet short-term obligations. Low cash balances on the other hand could be detrimental in that they could indicate a weak balance sheet. On the contrary, maintaining very high cash balances raises a question of whether the company is not utilizing its resources effectively to create business. The amount used in product differentiation thus considerably influences the quality of the balance sheet.

Product differentiation expenses could lead to a high amount of short-term liabilities at Starbucks, in the form of debts owed to suppliers, thus leading to a poor quality balance sheet. When a company has more liabilities in comparison with cash flows necessary for the repayment of debts, the company’s balance sheet could indicate a possibility of bankruptcy in future. Product differentiation thereby presents potential to cause balance sheet quality issues if the expenses associated with it are too high or if the liabilities take a long time to be cleared, such that they appear overwhelming on the balance sheet.

Capitalizing Starbuck’s brand value

Starbuck’s brand value according to Interbrand.com was 4,062 $m in 2012. Capitalizing the brand value would affect the balance sheet by increasing the value of assets in the company. The change on balance sheet can be illustrated as follows.

Total assets after capitalization = 8,219.2 + 4,062 = 12,281.2

Before capitalization With brand capitalization
Total assets 8,219.2 12,281.2
Total liabilities 549.6 549.6
Net assets 7669.6 11,731.4

Brand capitalization effects

From a credit analyst perspective and with interest in capturing risk and economics of Starbuck’s activities, I would not advocate brand asset capitalization for the company. This is because it has a negative impact on the general health of the financial statements. The calculations below show the impact of capitalizing the brand, which works by increasing the company’s assets.

= 549.6/8,219.2 = 0.066

After capitalization

= 549.6 / (8,219.2 + 4,062)

= 549.6/12,281.2

= 0.044

Based on the above calculation, it is evident that an increase in assets reduces the debt to asset ratio; an indication that the company is in a position to repay its liabilities effectively. However, the brand value does translate into assets that can be liquidated to pay liabilities unless the company is sold off. Therefore, the lower debt to asset ratio would only create an illusion of great ability to pay debt but this may not be an actual strength for the company.

= 1,383.8/8,219.2 = 0.17

After capitalization

= 1,383.8/(8,219.2+4,062)

= 0.11

The return on assets ratio demonstrates how well a company’s assets are utilized in increasing profitability for the company. Upon capitalization of the brand, Starbucks would appear to have made $0.11 out of every dollar invested, which represents 11% return. This was 17% without brand capitalization, meaning that capitalization would reduce the return to a considerable level. Consequently, this may not reflect well on the company’s finances.

Shareholder equity before brand capitalization = 5,109

Shareholder equity with brand capitalization = 12,281 – 3,104.7 = 9170.8

Return on equity ratio before brand capitalization = 1,383.8/5,109 = 0.27

ROE after brand capitalization = 1,383.8 / 9170.8 = 0.15

Return on equity reflects the return on investments. In this scenario, it is demonstrated that stakeholders earned $0.27 for each dollar invested. If Starbucks was to capitalize its brand value, there would be a $0.15 gain for every dollar, which essentially appears lower for the investors.  Given that return on equity is an indication of business health, a 15% return on investment would be considered unhealthy for the business compared to 27% recorded before capitalization.

 

Long-lived assets

Starbucks evaluates impairment of its long-lived assets when it is apparent that carrying values may not be recoverable. Based on this action, the quality of accounting under GAAP and IFRS is assessed as follows. Both GAAP and IFRS require testing of long-lived assets for impairment when there is existence of an impairment indicator, in addition to providing guidance on when to test. This is considerably relevant in improving the quality of accounting for long-lived assets as applied in Starbuck’s case. Secondly, both accounting standards call for impairment tests at least annually for indefinite-lived intangible assets such as goodwill, and more frequently when indicators for impairment exist. This is bound to enhance the quality of accounting by ensuring that the value of long-lived assets is updated.

The accounting policy for Starbucks in establishing useful life where a lease renewal option exists ensures that the company can accurately estimate the useful life of the lease. Starbucks uses the original lease term to calculate the useful life, which ensures that the useful life can be recalculated at the renewal period to provide a better estimate. In the event of building modification and improvements during a lease for example, the useful life may improve considerably. Calculating a useful life that is effective throughout the lease period may not represent the actual useful life of the lease. The approach used by Starbucks is therefore appropriate for the company and can significantly enhance the accuracy of its financial position.

 Estimate of average useful life

A company’s accounts must demonstrate any changes in estimates, by prospectively accounting for them in the financial statements. Prospective application ensures that there is no need to undertake frequent revisions on previous period figures that may lead to excessive complications in financial statements through having to revise them to accommodate new changes.

2012 2011 2010 2009
Depreciable cost 6,592.8 5,990.9 5,657.1 5,523.5
Depreciation expense 580.6 550 540.8
Depreciation rate 8.8% 9.2% 9.5%

Depreciation rate x depreciable asset cost = annual depreciation

Depreciation rate = annual depreciation/ depreciable asset cost

Depreciation rate 2012 = 580.6/6,592.8 = 0.088 = 8.8%

Depreciation rate 2011 = 550/5,990.9 = 0.092% = 9.2%

Depreciation rate 2010 = 540.8/5,657.1 = 0. 095 = 9.5%

Average depreciation rate = 9.16%

Starbucks uses straight-line depreciation where,

Depreciation rate = 1/no. of years of useful life

No. of years = 1/depreciation rate

=1/9.16% = 10.91

The average useful life of Starbuck’s assets based on the information above is 10.91 years.

Effect on net income and basic earnings per share

Effect on income

Depreciation using 2011 average = 9.2/100 x 6,592.8 = $606.5.

Increase in depreciation expense = 606.5 – 580.6 = $25.9

New net income = 1,383.8 – 25.9 = $1,357.9

Given that expenditure reduces the value of net income, the income statement would show a reduced net income. If the average depreciation for 2011 was used in place of 2012, the net income would decrease by the value of the added depreciation. The new depreciation expense would be $606.5. This depreciation expense is higher than $580.6 obtained using the 2012 rate and this results in a lower net income.

Effect on basic earnings per share

EPS = $1,357.9 – 7.5/754.4

EPS with new income = 1.79

A decrease in the income would lead to a decrease in the earnings per share. Net income is directly proportional to EPS and this means that a higher income is likely to result in a higher EPS. A reduction in the income results in a lower numerator, hence leading to a lower fraction. In this example, the net income decreases, leading to an EPS value of 1.79 compared to the previous value of 1.83 as provided in Starbuck’s 2012 financial statements.

Significance of the inventory reserves

Inventory reserves promote the quality of financial statements by ensuring that the company can shield itself from unforeseen circumstances that lead to lower cost of their inventory lower, spoilage, theft or obsolescence. Starbuck’s policy on inventory reserves not only assures quality for its customers but it also means that the company protects itself from balance sheet and income statement deterioration. This is because in the event of a lower cost for inventory than anticipated, the inventory reserve can cater for the changes. In the event of plummeting prices for example, Starbucks would record the difference by reducing that inventory account and increasing cost of goods by the change. The company’s total assets are reduced and so does the net income. However, the overall loss effect is shielded by the inventory reserve, which ensures that the loss from lower prices does not affect the company’s financial position.

Revenue recognition for store value cards

In accounting perspective, funds from customers in the form of store value cards or gift cards are considered as unearned revenues and a liability. In this respect, they can only be recorded as sales revenue once redeemed, thus eliminating the liability. Store value cards have the potential of affecting balance sheet quality because they increase liabilities. The management’s decision to recognize unclaimed cards is based on assumption that the owners will not redeem the cards. This means that in the event that the customer utilizes the card, the company may need to reverse the transaction, thus affecting the quality of its income statement. Starbucks recognizes the value of stored value cards when they are redeemed or tendered for payment. This ensures that income is only recorded once it has been earned, thus maintaining the quality of financial statements. In certain circumstances, the stored value cards may remain inactive for long periods or not be redeemed within a certain period of time, whereby the company can declare the likelihood for redemption remote and thus recognize the value of the cards as earnings. Income on unredeemed value cards increases the earnings for the company.

Reference

Wahlen, J. M., Baginski, S. P. & Bradshaw, B. (2014). Financial Reporting, Financial

Statement Analysis and Valuation. San Francisco, CA: Cengage Learning, 2014

 

We can write this or a similar paper for you! Simply fill the order form!

 

Knowledge Transfer Mechanism in the Multinational Enterprise Network

Knowledge Transfer Mechanism in the Multinational Enterprise Network
Knowledge Transfer Mechanism in the Multinational Enterprise Network

Knowledge Transfer Mechanism in the Multinational Enterprise Network

Order Instructions:

It should be critical Literature Review, NOT an essay

In introduction: we should focus on background of knowledge and ways of transferring it.
In main body: how multinational knowledge subsid (including types of subsiding). Include different ways of mechanism in multinational enterprise and subsidiary. How they transfer to subsidiaries?
Main focus only on how they transfer to subsidiaries.
and then conclusion, evaluation etc.

Please, see attached documents(it includes some articles), especially have a look on PPT, as it include some important information and some references which should be used.
Please, DONT use more then 60 references (90-95% of them should be up to date).

Marking criteria:
Clearly recognize and define a problem
Discover the evidence and build findings
Draw conclusion
Evaluate and communicate the conclusions

SAMPLE ANSWER

Knowledge Transfer Mechanism in the Multinational

Enterprise Network

  1. Introduction

Knowledge sharing may be a two-way method. It is a vehicle for trust, regard, and change. This critique has incontestible information sharing even within competitive specialty units will produce associate whip hand associate association is associate aggregation of data. information drove cooperative approach offers several advantages: it’ll propel the organization, attract workers in the slightest degree levels, and absolutely have an effect on “all that basically matters”. information administration separated the close web {site} from different company auxiliaries with the neighborhood site illustrating “best in class” comes concerning on its key execution markers.  Reassuringly, there’s adequate likelihood to boost execution assist once data administration is totally put in as a business procedure over the association.

Recent 10 years shows varied productions managing transfer problems associated with information are distributed in reports extending from Post-Communist, Conservative Biology, Economies, Youth and quarter of the ecu History targeted to additional business-related reports, as an example, analysis Strategy, Harvard Business Review, KM World, and information Journal Management.

For productive information management (KM), it is wear down the scan for “right” selective techniques and step by step procedures square measure important. Although, the choices created by this need an awfully abundant characterized scientific classification with clear ideas and terms. The substance and importance should be obvious and there need to be no unclearness concerning the purpose once key ideas square measure used. Despite the very fact that this can be while not a doubt associate enticing objective, it’s not really this situation with regard to usually utilized phrasing in Knowledge Management. Related to few of those cases, the creators utilize focal words conversely and with no alterations in refinement among them, what’s more, now and again without adequate clarification of from which point of view, the technical terminologies are used.

The primary part in managing the knowledge is to extent and create learning open which must be usable in organizations as well as between picked organizations. While assessing KM writing, there are a few terms that appear to be more focal and basic as compared to others. Let say, for knowledge based firm creation, the perspective, coordination, transfer, and also mix of learning makes aggressive preferences for different organizations (Ghosal and Moran 1996 (in Sambamurthy and Subramani (2005))). conjointly once King (in Schwartz (ed.) 2006) nonetheless proclaimed on top of, suggests the data exchange (KT) may be a crucial procedure for human advancement and conjointly it’s integral to understanding that that one is from basic to advancement,  for investigation the term “information exchange”, there’s clear support. information Transfer is currently so used reciprocally with data sharing (Jonsson 2008), therefore keeping in mind the tip goal to research learning exchange, learning sharing (KS) need to be forgotten. Riege (2005; 2007) conjointly deals with the obstructions influencing the “Knowledge Sharing” and “Knowledge Transferring” that have gotten little thought whereas they negatively have an effect on kilometre and its potential outcomes to convey a positive rate of profitableness.

Polani (1966, 1967) and Nonaka (1966, 1967) portrayed that info are often recognized in 2 distinctive steps – understood and unequivocal learning. Basically, info is most often organized as either categorical (coded) or implicit (what is in individuals’ heads). Implicit learning is that the individual and context specific learning of a person that lives within the human temperament, conduct, and discernment. It develops from individuals’ co-operations and needs experience and follow. understood info is extremely individual (held within the holder), subjective, exhausting to formalize, make a case for and impart fully, encounter primarily based, contextualized, work explicit, changed through discussion or account, not caught by formal instruction or getting ready and should even be intuitive but suited aiming to be plainly unequivocal info. It’s the type of knowledge that’s utilised for the foremost half by gradable people within the execution of obligations. Implicit learning is troublesome to verbalize in light-weight of the very fact that it’s communicated through activity primarily based aptitudes and cannot be shrivelled to tips and formulas. It’s deeply established in real world, systems, responsibility, goals, qualities and it should be in an exceedingly road have to be compelled to (Baloh, 2011). Understood information is embrained learning and is at the metaphysics measure during which its elucidation needs the employment of representations and a broad procedure of socialization. Sharing of understood info is created conceivable through systems administration among the people United Nations agency have it, and this can be alluded to as Communities of follow (COP). It’s of significance to notice that implicit info is troublesome to repeat by contenders thus this makes it a major wellspring of rectifiable aggressive advantage. Consequently, the numerous worry of association is that the ought to embrace techniques for the modification of the implicit  info into unequivocal learning so as to infer greatest advantage from the association’s profound capital.

In any case, Koenig (2012) additionally portrayed that this portrayal of knowledge into categorical and inferred as or even to a fault basic. He proposes that learning is best represented as unequivocal, understood, and inferred.

Data or information that’s taken off in clear form is alleged to be unequivocal. Understood is knowledge or, on the other hand learning that’s not taken off in substantial form however rather can be created unequivocal, whereas understood is knowledge or info that one would have outrageous hassle operationally coming out in clear form. Then again, prepare authoritative info into understood, categorical and social. In any case, in spite of whether or not inferred, certain, categorical or social, the foremost evident purpose is that the creating of the association’s info and knowledge accessible to the people from the association. In no matter measure learning exists, the move is in vast section associate exchange of knowledge.

Learning is that the results of the communication of categorical and implicit info and also the procedure of constructing learning brings a couple of helical of knowledge getting. It begins with people sharing their interior implicit learning by associating with others or by catching it in processed or straightforward frame. Different people then disguise the mutual learning, which procedure makes new info. These people, with the recently created learning, then share this info with others, and also the procedure starts yet again. Additionally to verbalize this procedure as development. Implicit what is a lot of, categorical learning square measure more and more being underlined in each follow and writing, as associate administration instrument to be victimized for the management of gradable info that is shared trough human ware, groupware, intranets, list serves, databases, and storehouses.

Since info is mostly understood and completely possessed, it’s exhausting to possess charge of, and management over it. To endeavor learning all a lot of effectively associations ought to classify and store the individual’s learning. This includes creating implicit info unequivocal and transposing singular learning into gradable info. These modification forms are created conceivable through ICTs. associate association’s assignment with metric linear unit have to be compelled to think about transposing understood info into understood and unequivocal learning and see thereto that individual learning moves toward turning into authoritative learning. this will be processed not simply by a demand for associations to higher administrate info by putting in place center capabilities for individuals, decision making accomplishment and execution markers by suggests that of acknowledgment of impalpable resources, to boot for associations to endeavor to became a clever association associated a learning association with an info sharing society (Martensson, 2000).

1.1 Development of term knowledge transfer and knowledge sharing

The definition, source, and strategy for the term “Knowledge” in the fact from which it is increased has been examined by considering the philosophical verbal confrontations by Aristotle and Plato. It  would, along these lines, recommend that the underlying rise of the terms originates from these exchanges and that the proposals on the best way to manage proficient and compelling information exchange and sharing has been continuous to a shifting degree of power from that point forward. The recurrence of the relations can be followed to binary distinct floods of research.

Out of which, the first one is in item development and novelty move writing in which the relationship, what’s more, correspondence among units have been taking into considerations (e.g. Allen, 1977; Clark and Fujimoto, 1991).

Although the second one relies on upon the works of Michael Polanyi and the terms implied and express learning. In a convincing Harvard Business Review article, Ikujiro Nonaka addresses the issues of KT and KS, notwithstanding the way that he doesn’t state them explicitly. He communicates “Unequivocal data is formal besides, efficient. Along these lines, it can be easily passed on and shared” (Nonaka, 1991: 98).

Later in a comparable article, he says “This makes a “run of the mill scholarly ground” among laborers what’s more, in this way supports the trading of inferred data.” (Nonaka, 1991: 102).

Both the streams have, to some degree, united after Nonaka‟s one of a kind article. Since that article and later articles and books by him, (for instance, Nonaka and Takeuchi, 1995), in which they say that KS is an essential stage in KT) have unequivocally influenced the investigation gathering, we consider this to be the starting stage for the reemergence of KT and KS as we presumably am mindful them today. Starting now and into the foreseeable future, the terms have developed a tiny bit at a time and extensively. At to begin with, the terms were used proportionally (e.g. Badaracco, 1991; Hansen, 1999) however as of late there has been an advancing separation between them, which we will show in the going with portions.

1.2 KT development

Since Since the rule years after its reemergence, KT was all things considered regarded according to the likelihood of the information based hypothesis of the firm (Kogut and Zander, 1992; Grant, 1996). A champion among the most reliably suggested researchers here is Szulanski, who in various books and articles has built up the likelihood of KT, particularly with respect to intra-firm learning. His basic work unmistakably conveys that information is viewed as a firm‟s stock (Szulanski, 1996).

The late ’90s and mid ’00s, inside this, the concentrate this area stays on the basic level with producers who address the purpose of the bit of frailties in learning and sharing over connection subunits (Hansen, 1999), different people who concentrate on between corporate information streams inside multinational attempts and different people that consider distinguishing strength unit progress and execution (Tsai, 2001). A solitary noticeable remarkable case is the time when the mental piece of issue concerned join with the examination stream because of the impacts from outward and trademark inspiration in people on Knowledge Transfer inside the organization are thought about (Osterloh and Frey, 2000).Till this day and age, there is a change from sensible and speculatively orchestrated research towards more precisely engaged research. Paulin (2002 and 2006) considers KT frames in the auto business with a particular focus on the era strategy affirmation handle. Schlegelmilch and Chini (2003) show a composition review in which the written work insinuated (generally from 1997 to 2002) wins essentially toward observational surveys.

Late explores on information trade still change in accordance with the bigger measure of examination. Both the examination diaries Easterby-Smith, et al. (2008) and van Wijk, et al. (2008) have a sensible focus on intra or potentially between definitive information trades.

Regardless, Easterby-Smith, et al. (2008) perceived diverse demand of both theoretical and customary mass to the repeating design explore the matter inside the zone of between dynamic learning move and in their question “How does the strategy for learning exchange spread out at various levels of examination?” they in like way open up for examination on the individual level. This redirection from the control track is proceeded by Liyanage, et al. (2009) when they express that “information exchange is the vehicle of getting the hang of starting with one place, individual or possession then onto the accompanying.” (Liyanage, et al., 2009: 122).

  • KS development

The early work that was presented by Nonaka‟s HBR article, KT and KS is used alternately with power towards KT. One maker that grasps the term KS is Appleyard (1996). Here, she fuses both connections on the business level of participation (by taking a gander at KS in the semiconductor business with KS in the steel business) and on a national level (Japan is appeared differently in relation to the US) using solitary respondents. Diverse researchers in a comparative stream are Dyer and Nobeoka (2000). Their revelations consolidate the declaration that Toyota’s relative effectiveness great conditions are cleared up to some degree by their ability to make and oversee sort out level KS shapes.

Diverse perspectives that are strong in the KS stream of research are the mental and the sociological. Cabrera and Cabrera (2002), for example, fuse the mental thought of social issues while examining the inclination of individuals to bestow data to various individuals in spite of the way that the association that they work for has placed assets into specific advancement to enable such getting the hang of sharing.

Fernie, et al. (2003) has a strong comprehension on individual information. They battle that data is exceedingly individualistic and that it is introduced specifically social settings. This article is a fair instance of within learning sharing that is focused on the individual level – setting, especially on the subjective data. Another instance of this stream is when KS between individuals in affiliations is investigated (Ipe, 2003). Here, four principle contemplations that effect KS are perceived: 1) The nature of learning, 2) The motivation to share, 3) The odds to share and 4) The lifestyle and the work condition.

In a current distributed articles, an entire and exhaustive review of articles on individual-level data sharing is presented (Wang and Noe, 2010). They express that their article is the first to productively inspected singular learning sharing and that past explores have focused on inventive issues of data sharing or data trade transversely over units or affiliations, or inside between various leveled frameworks.

Barriers to knowledge sharing

Through expert experience, it is desirable that the people should have a tendency to promptly recognize obstructions to doing their employment and on account of this exploration would express reasons why hindrances exist in learning. A target of the critical research exercise was to progress proficient practice inside the association. Information boundaries ought to be caught on furthermore, where suitable evacuated if change in a specific region is to be accomplished. Thought was given to the accompanying to decide the effect of learning sharing (Reige, 2005)

  • Integration of a learning administration system into the Corporation or Sites’ objectives or vital approach might miss or misty
  • Lack of initiative and course as far as plainly conveying the fundamental estimations of learning sharing practices
  • Existing practices, arrangements, methodology, culture may not be helpful for learning sharing
  • Internal intensity inside specialty units, useful zones and backups can be high
  • Hierarchical association structure restrains or backs off most sharing practices
  • General absence of time to share learning
  • Apprehension of dread that sharing may lessen or risk individuals’ professional stability or, then again progression While these are all contemplations and all do exist at some level, they were most certainly not considered to be superseding or restrictive of the learning sharing procedure.
  • The Knowledge Organization

Foss and Pedersen (2004) guarantee that there is an absence of comprehension of how hierarchical configuration issues identify with learning forms in multinational enterprises. Simonin (1997) analyzed regardless of whether organizations can create specific information by means of experience and after that utilization this information to get further advantages. Simonin’s (1997) comes about demonstrated that organizations do gain, as a matter of fact, predominantly identifying with cooperation.

Becerra-Fernandez and Sabherwal (2003) express the effect of information administration heights from people to people and after that to the whole association. Sandrone (1995) expressed all workers have suggest information of occupation conditions and are along these lines ready to make helpful commitments. This has been developed much further to propose certain parts of business that have been moved toward becoming ‘individuals driven’ because of both the knowledge develop and the mechanical intends to exchange data and information. Keller (2003) contended the fact which was at that point when President of the University of California, Clark Kerr amid his Godkin Lecture of 1963, battled new information that had step by step turned into the key charge in the development, change for a “country’s wellbeing, military, financial aggressiveness, imaginative magnificence, social concordance, and political solidness”. Knowledge administration frameworks are thought to be best in class advancement (Adams and Lamont, 2003). Dish what’s more, Leidner (2003) examine how an information administration framework must be deliberately outlined and executed. Alavi and Leidner (2001) state how authoritative and administration rehearse has turned out to be more learning centered.

As an association assembles and extends its learning base, it fabricates its scholarly capital furthermore, subsequently upgrades its upper hand. Information turns into an aggressive resource, particularly learning, which is firm particular, private information, specifically licenses, copyrights and “mystery” systems (Bailey and Bogdanowicz, 2002). In any case, as best practices progress toward becoming dispersed inside an industry, they wind up noticeably open information (Matusik and Hill, 1998). As people in firm follow particular prescribed procedures, such learning ends up plainly versatile. It is a piece of a person’s and in addition a company’s human capital.

  1. Literature Review

This is a critical literature review based on the published research journals about the knowledge mechanism in multination enterprise.

  • Multinational knowledge and Subsid

One research stream concentrates on the part of separation in information exchange or all the more extensively on its part in inter-organizational connections. Thinks that have been investigated the impact of separation on correspondence and trust in multination enterprises (Luo 2002), cross-fringe securing execution (Reisn 2012), obtaining, what’s more, joint wander mix forms (Hseih et al. 2010, Ulenbruck 2004) and regionalization (Williams 2009).

Let’s get to the fruition on the effect of division on learning trade and between hierarchical associations have, not just this, it likewise dominated the impacts (negative) effects in partition (e.g. Reus 2009). Actually, only two checks found that social detachment had a useful result either on information trade (Sarala and Vaara 2010) or on the between hierarchical relationship (Reus and Lamont 2009). Sartor besides, Beamish (2014) consider both right and wrong associations among different institutional partition estimations, also the various leveled control. Finally, a couple looks into found no effect of social partition (e.g. Park et al. 2012; Cui et al. 2006). Subsequently, that creates the impression that, practically identical to look at tending to market decision, an unmistakable plan ascends for the negative effect of partition – in particular social detachment – on data trade, likewise, between hierarchical associations. Additionally it must be stressed that most of studies focused on social separate to the inconvenience of other division estimations.

Accordingly, there is extraordinary requirement for more research investigating the impacts of different separation measurements on information exchange and inter-organizational connections.

  • Different ways of knowledge transfer mechanism in Multinational Enterprise and Subsidiary

I already clarified that the consideration towards the auxiliaries may influence the entrepreneurial procedures of the said auxiliary and its execution thusly.

Currently, it ought to know how these practices could give the great conditions to the MNCs with everything taken into account.  It can be seen that, one should find the suitable reaction through those instruments, assumed by the written work as data trade.

The information exchange instrument strategy has been a subject for a couple surveys. It is insipidly observed as the improvement of learning inside the net. Specifically, it is the information and knowledge that is shared with each unit of an organization. (Appleyard, 1996; Gupta, 2000; Tsai, 2001). For this, I suggest the explanation referred to Szulanki (1996). In it, he explains that information exchange is a definite transfer of knowledge between a recipient and a source unit.

According to Ciabuschi (2004), it states that the headways nowadays are deficient to redesign the force of an association if that are not transferred all around. Those methods of transfer are genuinely troublesome and also costly: Von Hipple (1994) used the method to modify the description of each one of the systems that occur with regards to the data trade or basic considering. The maker communicates that those frameworks are fundamentally held in one single zone, and just from time to time ventures are rolled out to look for after improvements or more adequacy in those said practices.

Data transfer is a sensible opportunity to improve the general execution of the MNC (Kogut and Zander 1992; Barlett and Goshal 1989); up till now that can’t exist without considering the closeness of structures what’s more, frameworks that engage and support the procedure.

2.3.1 HQ attention given to the Subsidiary

According to (Michel Mazzoni, 2011), the consideration is characterized as the commitment to the general advancement of the backup given by the HQ, we centered our inquiries concerning the sum, sort and recurrence that assets, for example, money related, good or scholarly, are given by the Italian Multinational to the auxiliary.

Moreover we likewise needed to make sense of on the off chance that they know about any sort of reward as result for getting great outcomes, for example, rewards, open honors or affirmations.

2.3.2 Innovation and Subsidiary’s Performance

When they began discussing development, we generally needed to clarify that by that term they don’t just proposed new items or R&D. They really implied every one of the practices, forms and adjustments that are constructed by the auxiliary which are extensive novel to the organization. The adjustment to the Swedish market of an officially current item, that alternate way to transfer the items, managing providers and clients, how to confront strategic issues or finding any best hones that have all the earmarks of being more effective for the backup. (Michel Mazzoni, 2011).

Those developments that they asked which brought results, for example, as a general development of the backup as far as learning and productivity and how they made relevant to it.

2.3.3 Flow of knowledge between HQs and subsidiaries and between subsidiaries

According to (Michel Mazzoni, 2011), they began managing the information exchange segment of the meeting. We got some information about the way and the repeat they grant information to the headquarter starting from a general viewpoint (workshops, email, telephone and social events). Also a perpetually expanding number of unpretentious components concerning the way they team up with the HQ about organizing and decision techniques. We moreover understood that various MNCs have started using mechanically pushed IT System remembering the true objective to deal with the gathered learning stream (Ciabuschi, 2003). It can be considered that it was authentic to request those applicants if they have any and why.

To comprehend the learning streams amongst HQ and auxiliaries we chose to center, as a first approach, on how the correspondence is directed – how and how frequently they convey and about what.

2.3.4 Overall performance of the multinational enterprises

Upsides of the sharing of the knowledge was calculated by making inquiries with respect to the likelihood that those prescribed procedures, development or thoughts were contemplated from the HQ and after that mutual inside the MNC‟s net. In addition, we were likewise keen on comprehension the singular view of the chiefs about the information exchange components, inquiring as to whether any issue happened and which was surely their own fulfillment.

It would have likewise been fascinating to meet the HQ general administration about this subject at the same time, because of absence of time and assets, we were not ready to reach them. In any case I discovered a few truly fascinating data from the backups administration. (Michel Mazzoni, 2011)

In particular, I solicited whether any sort from neighborhood advancements, finest observes or queries about actually exchanged to the HQ. Along these lines, it didn’t concentrate on the kind of development itself, however in the way the HQ acknowledges it. Furthermore, I was keen on seeing the way that HQ understands the data and in what way it reinforces it or discards it.

2.3.5 Level of the HQ attention to the subsidiaries

In (Michel Mazzoni, 2011), they at first focus our energy on the level of thought given by the HQ to the helper. They on a very basic level need to fathom to gives any kind of resources by the Italian-based HQ in order to propel the change of improvement and best practices. By resources it actually don’t imply simply budgetary ones, yet we also consider intangible ones, for instance, “insightful assets”, time, and affirmation.

They met with Company A battled that the HQ does not normally give financial resources of any kind except for from rebates for some promoting operations or business practices.

What’s more he also communicated this reimburses are given reasonably direct. Startlingly, the helper acknowledges an anomalous condition of steady sharing of data, advancement and organization in demand to develop unique activities and unique plans as well.

The organization B situation is fairly uncommon, the HQ provides more than enough respect for the helper yet only because of the motives regarding the compass of targets. For various performs, the level of though is not higher and also the inclination for higher time don’t therefore considered. (Michel Mazzoni, 2011).

The thought for Organization B sways in the midst of the annum and the contenders also ensures that the dependence of thoughts relies upon the goals come to. The higher targets the reinforcement accomplishes, the lower thought the HQ accommodates the helper besides, the different way. In any case, for what regards the progression and change of improvements and also thought is lower or non-existent for considering the best practices.

Organization C situation is somewhat particular. The HQ thought is to an awesome degree low concerning each day operations. Out of the blue, the HQ tends to give higher thought regard to more vital endeavors. In any case, for this circumstance the Italian organization tends to wander out routinely to the Swedish reinforcement to amass information and perceive how practices are directed. This immediate contact may not be adequate for a perfect thought yet rather it proposes, as communicated by the Manager met, an awesome level of support between the HQ and the reinforcement. (Michel Mazzoni, 2011),

2.3.6 Degree of Liberty held by Subsidiaries

As per (Michel Mazzoni, 2011), relying upon the importance or radical level of the choice or the amendment completed by the helper, every one of them would like, as a necessary, the underwriting by the military installation. as an example, Company A has free decisional management as for the selection of suppliers, source of co-appointments, framework of business practices at neighborhood level, esteem exchange with customers, generation of post arrangements channels, clear confirmation of latest client sections. On the opposite hand, it wants the last support regarding the catching of latest delegates, remunerations and prizes, all the advancing structures (not to undermine the whole picture), re-esteeming and re-alteration of things to adjacent wants and acquisitions.

Notwithstanding the underwriting would like for a few business sharpens, the answerer feels that the military installation genuinely takes every one of his suppositions and suggestions into thought. The HQ, frankly, respects the importance of the auxiliary’s half and makes its boss being proactive and determinant for the physical phenomenon of the practices. (Michel Mazzoni, 2011).

The case with Company B is fairly extraordinary because the interest for underwriting is for the foremost half a lot of formal and functionary. aside from important suggestions that need purpose by purpose procedures for action, the various sales have to be compelled to take once strict pointers and temporal order given by the military installation. to boot, because of the high force of the market, the insecurity of the prices of unrefined materials and therefore the an excessive amount of contradictory and wide structure of the MNC, the military installation portrays a technique fully in light-weight of the action of commercial enterprise destinations and giving volumes. (Michel Mazzoni, 2011).

Notwithstanding the managers of the assistant acknowledge for the foremost half high decisional management regarding the physical phenomenon of the association. for instance, because of the on-going cash related subsidence, they anticipated that would make cuts in the backup’s structure. They decided to solidification two divisions of the reinforcement: customer organization and get ready. It wound up being a successful choice as the customer advantage division could set up the agents due to the cognizance of customer needs and issues of declare. (Michel Mazzoni, 2011).

Organization C, when stood out from interchange assistants, has the most essential level of decentralization. They acknowledge high decisional control with respect to advancing endeavors, web promoting, thing modifications, esteeming, enrolling and get ready, regardless of the way that they are obliged to imply a substantial segment of their key courses of action to the executive of Northern Europe and, discontinuously, to the top managers of the association. (Michel Mazzoni, 2011).

2.3.7 Knowledge transfer and communication inside the multinational enterprise

2.3.7.1 The Formal Communication Channels

As indicated by (Michel Mazzoni, 2011), the formal correspondence channels square measure created by the HQs to present a comparative add and nature of learning sharing to every reinforcement.

The formal correspondence coordinates square measure an equivalent in every MNC conversed with; they basically embody in vast social occasions for every region, for example, yearly get-togethers, quarter get-togethers, month to month get-togethers and semester get-togethers. the target is to boost and share best practices, new creation limits, new markets entrance practices, et cetera.

Also, they’re in like manner projected to create a web of associations between chiefs in numerous countries. this is able to permit a prompt contact for future obtaining the droop of sharing within the MNC.

According to the interviewees, one amongst the rule focuses of the customs, social events, fairs, and alternative formal channels is to create associations and, through that, trust between different administrators. Those correspondence channels allow limit social affairs of people to work together with each other in a compelled extent of time. (Michel Mazzoni, 2011)

Various kind of social affairs exists. Yearly social affairs concern normally general executives in the HQ a couple times each year, all around for business reports. Quarter social events generally concern a reduced number of countries and normally they are neighborhood get-togethers. Amid those social events, countries from the same land district meets to demonstrate their activities and practices grasped amid the year.

Finally, we found that every association has its own specific standardize practice to pass on specific necessities to the HQ. This is, for example, gotten for enrolling shapes, techniques for action shows what is all the additional, any reasonably sales or conditions asked for by the reinforcement. This standardized follow permits the HQ to relatively survey the request of every reinforcement.

The cutoff functions of formal correspondence channels ensured by the interviewees – the high price of affiliation, the time spent to travel Associate in Nursingd at on the far side what several would contemplate doable the likelihood to land up perceptibly additional conversant in the complete potential framework instigate the generation of an easygoing correspondence channel, worked all at once to evade the HQ insinuating significantly to varied backup’s chiefs within the MNC‟s organize. (Michel Mazzoni, 2011).

2.3.7.2 The Informal Communication Channels

As indicated by (Michel Mazzoni, 2011), Informal correspondence channels are created by the reinforcements as different correspondence ways to increase their ability to manage step by step problems and to manufacture their flexibility structure to the headquarters.

In all reinforcements, the quality easygoing station used, to avoid the headquarters, is that the helper to-reinforcement contact. The Company B director gave us one case concerning this issue. The HQ had presented another IT-structure specifically helpers yet one of these reinforcements arranged in Eastern Europe had a couple challenges using the new programming. After a couple of correspondences with the HQ, they reached another helper in Western Europe to deal with their issues. As opposed to sitting tight for the HQ to make a move, surmising time delays, they required to evade the military headquarters and contact significantly another assistant.

Another easygoing correspondence channel is usually in lightweight of composed contact among directors. Association A‟s responder gave United States of America many data regarding this stress. The chairman contacts its assistant in another Country to induce to specific data that might take overtime through the military headquarters. The responder ensured that the likelihood to induce to specific information totally different in several numerous reinforcements with different goals is sort of the only real approach to share data, seeable of the requirement of learning trade elements within the MNC. For instance, specific conclusions, for example, instrumentality or era techniques is difficult accessible through the military headquarters but by achieving the creation plant they will modify problems snappier. Giving higher client advantage.

One of the practices includes in building singular associations among reinforcements chiefs. Through that, correspondence is fast and therefore the danger to by-pass the military headquarters is high. Organization A’s boss communicated that the individual contact with numerous reinforcements managers is basic for his or her work.

There are various ways that to modify build frameworks, but the essential ways that permit the social affairs known as by military headquarters. The elemental obstacle is that not a soul will move to them as a result of physical, time and price objectives.

  • Knowledge Transfer Enhancement

To propose some control techniques, experts have endeavored that an HQ might grasp to overhaul the components in information exchange method.

  • Communal Contact

Information outpourings could also be practiced through varied leveled socialization, for example, a headway of a social half that improves the generation of heightened and pleasing HQ-reinforcement relationship (Ghoshal and Tsai, 1998).

  • Faith

“Faith, by keeping our minds hospitable all affirmation, secures correspondence and trades” (Misztal, 1996:10).

Fatih is in like manner an essential half that enhances the information trade. Examiners conceptualized it as an important half to end intra-and between varied leveled joint effort (Smith et al, 1995) and encourages the sharing of educational capital (Nahapiet and Ghoshal, 1998).

Implying Knez (1994) and to Kramer, Brewer and Hanna (1996), Nahapiet Associate in Nuilsring (1998) total trust is also seen as an “expectational asset” to believe upon and to update investment and coordination.

  1. Conclusion

Amid the review, it may be aforesaid that number of info sources and segments impact the trail for a compelling knowledge trade within the MNC. Composing credits problems regarding the training trade insinuating psychological feature and ardent factors (Szulanski, 2006). additionally merely not solely learning is “tacky” (Tire 1994), what is more boss might systematically be selfish and ardent and that they ought to re-evaluate the wheel instead of use what some other person beginning at currently created. Varied factors happen. Each Subsidiary and headquarters have their own specific desires and longings. On one aspect, HQs tend to not acknowledge musings that do not begin from the highest and, as a result, reinforcement’s area unit jittery and do not manifest their entrepreneurial result the maximum amount as they might (Birkinshaw, 2000).

In our cases, managers grasp the spatial relation of the training trade within the affiliation, in any case they each currently and once more observe their errands because the accomplishment of given targets. In any case, it’s the HQs‟ enterprise to boost those segments basic cognitive process actuality objective to stimulate the learning overflowing. Professionals have planned management ways that support this method. for example, Ghoshal and Bartlett (1988) make sure that social joint effort and regularizing coordination improve the HQ-assistant support, and additionally paid reward and persuading power structures (Szulanski, 2006).

As confirmed in our review, trust may be a basic phase while not that the correspondence and learning sharing area unit avoided and also the general advantage of the MNC is minor (Nahapiet and Ghoshal, 1998).

List of References

Adams, G.L., Lamont, B.T., (2003). Knowledge Management Systems and Developing Sustainable Competitive Advantage. Journal of Knowledge Management. Vol. 7. No.2. pp 142-154.

Alavi, M., Leidner, D.E., (2001). Knowledge Management and Knowledge Management Systems: Conceptual Foundations and Research Issues. MIS Quarterly. Vol. 25. No.1 pp 107-136.

Allen, T. J. (1977) Managing the Flow of Technology, MIT Press, Cambridge, MA

Appleyard, M. M. (1996) „How does knowledge flow? Interfirm patterns in the semiconductor industry‟, Strategic Management Journal, Vol 17, No. pp 137-154.

Badaracco, J. L., Jr. (1991) „Alliances Speed Knowledge Transfer‟, Planning Review, Vol 19, No. 2, pp 10-16

Baloh, P., Desouza, K. C. and Paquette, S. (2011). The concept of knowledge. In: K. C. Desouza and S. Paquette (Eds.), Knowledge Management: An Introduction (pp. 35-71). New York: NY: Neal-Schuman Publishers, Inc.

Becerra-Fernandez, I., Sabherwal, R., (2003). An Empirical Study of the Effect of Knowledge Management Processes at Individual, Group and Organisational Levels. Decision Sciences. Vol. 34. No. 2. Spring 2003. pp 225-260.

Bailey, E.K., Bogdanowicz, M.S., (2002). The Value of Knowledge and the Values of the New Knowledge Worker: Generation X in the New Economy. Journal of European Industrial Training. pp 125-129.

Birkinshaw, J. 1997. Entrepreneurship in multinational corporations: the characteristics of subsidiary initiatives. Strategic Management Journal, Vol. 18:3, 207 – 229 (1997).

Brock, D.M. (2005). Multinational acquisition integration: the role of national culture in creating synergies. International Business Review, 14, pp. 269–288

Bartlett C.A. and Ghoshal S. (1989): Managing Across Borders: The Transnational Solution. Boston: Harvard Business School Press.

Clark, K. B. and Fujimoto, T. (1991) Product development performance: strategy, organization, and management in the world auto industry, Harvard Business School Press, Boston, Mass.

Cabrera, A. and Cabrera, E. F. (2002) „Knowledge-sharing dilemmas‟, Organization Studies, Vol 23, No. 5, pp 687-710.

Ciabuschi, F. (2004). On the Innovative MNC. Leveraging Innovations and the Role of IT Systems, PhD Thesis, Uppsala: Uppsala University Press.

Cui, A.S., Griffith, D.A., Cavusgil, S.T. and Dabic, M. (2006). The influence of market and cultural environmental factors on technology transfer between foreign MNCs and local subsidiaries: a Croatian illustration. Journal of World Business, 41, pp. 100–111.

Dyer, J. H. and Nobeoka, K. (2000) „Creating and managing a high-performance knowledge-sharing network: The Toyota case‟, Strategic Management Journal, Vol 21, No. 3, pp 345-367.

Dinur, A., Hamilton, R.D. and Inkpen, A.C. (2009). Critical context and international intrafirm best-practice transfers. Journal of International Management, 15, pp. 432–446.

Easterby-Smith, M., Lyles, M. A. and Tsang, E. W. K. (2008) „Inter-organizational knowledge transfer: Current themes and future prospects‟, Journal of Management Studies, Vol 45, No. 4, pp 677-690.

Fernie, S., Green, S. D., Weller, S. J. and Newcombe, R. (2003) „Knowledge sharing: context, confusion and controversy”‟, International Journal of Project Management, Vol 21, No. 3, pp 177-187.

Foss, N.J., Pedersen, T., (2004). Organising knowledge Processes in the Multinational Corporation: An Introduction. Journal of International Business Studies. Vol. 35. No. 5. pp. 340-349.

Grant, R. M. (1996) „Toward a knowledge-based theory of the firm‟, Strategic Management Journal, Vol 17, No. pp 109-122.

Gupta, A. K. and Govindarajan, V. (2000) „Knowledge flows within multinational corporations‟, Strategic Management Journal, Vol 21, No. 4, pp 473-496.

Hansen, M. T. (1999) „The search-transfer problem: The role of weak ties in sharing knowledge across organization subunits‟, Administrative Science Quarterly, Vol 44, No. 1, pp 82-111.

Ipe, M. (2003) „Knowledge Sharing in Organizations: A Conceptual Framework‟, Human Resource Development Review, Vol 2, No. 4, pp 337-359.

Jonsson, A. (2008) „A transnational perspective on knowledge sharing: lessons learned from IKEA‟s entry into Russia, China and Japan‟, The International Review of Retail, Distribution and Consumer Research, Vol 18, No. 1, pp 17-44

Kogut, B. and Zander, U. (1992) „Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology‟, Organization Science, Vol 3, No. 3, pp 383-397.

Koenig, M. E. D. (2012). What is KM? Knowledge management explained. KM World, May, 2012. Retrieved Feb. 8, 2013 from http://www.kmworld.com/Articles/Editorial/What-Is- …/What-is-KM-Knowledge-Management-Explained-82405.aspx

Knez M. and Camerer C. 1994. Creating expectational assets in the laboratory. Coordination in “weakest link” games. Strategic Management Journal, 15: 101-119.

Keller, G., (2003). Reviewed Work(s): The Uses of the University by Clark Kerr. The Journal of Higher Education, Vol. 74, No.2. (Mar.-Apr., 2003), pp. 231-236.

Kramer, R. M., Brewer, M.B, and Hanna B.A. 1996. Collective trust and collective action. The decision to trust as a social decision. In R.M. Kramer & T. R. Tyler (Eds). Trust in organizations. Frontiers of theory and research: 357-389. Thousand Oaks. CA: Sage.

Kogut, B., and U. Zander. 1992. Knowledge of the Firm: Combinative Capabilities and the Replication of technology, Organization Science, Vol. 3, No. 2, pp383-397.

Liyanage, C., Elhag, T., Ballal, T. and Li, Q. P. (2009) „Knowledge communication and translation – a knowledge transfer model‟, Journal of Knowledge Management, Vol 13, No. 3, pp 118-131.

Matusik, S.F., Hill, W.L., (1998). The Utilisation of Contingent Work, Knowledge Creation and Competitive Advantage. Academy of Management Review. Vol. 23. No. 4. pp 680-697.

Martensson, M. (2000). A critical review of knowledge management as a management tool. Journal of Knowledge Management, 4(3), 204-216.

Misztal B (1996). Trust in modern societies. Cambridge, England. Polity press

Nonaka, I. (1991) „The Knowledge-Creating Company‟, Harvard Business Review, Vol 69, No. 6, pp 96-104

Nonaka, I. and Konno, N. (1998) „The concept of “ba”: Building a foundation for knowledge creation‟, California Management Review, Vol 40, No. 3, pp 40-54.

Nahapiet, J. and Ghoshal, S. (1998): Social Capital, Intellectual Capital, and the Organizational Advantage, Academy of Management Review, Vol. 23, No. 2, pp242-266.

Michel Mazzoni Jacopo Zucchelli Supervisor: Desirée Holm, “Knowledge Transfer In Multinational Corporations and Its Performance Implications: The Case Of Italian Subsidiaries Based In Sweden.” From http://www.diva-portal.org/smash/get/diva2:427494/FULLTEXT02

Park, C., Vertinsky, I. and Lee, C. (2012). Korean international joint ventures: how the exchange climate affects tacit knowledge transfer from foreign parents. International Marketing Review, 29, pp. 151–174.

Paulin, D. (2002) Virtual verification: Impact of a new work method on the final verification process, Licentiate thesis, Chalmers University of Technology, Göteborg.

Paulin, D. (2006) „The Effects on Knowledge Creation and Transfer in Production Process Verification due to Virtual Prototypes‟, [online], Academic Conferences Ltd, www.ejkm.com

Riege, A. (2005) „Three-dozen knowledge-sharing barriers managers must consider‟, Journal of Knowledge Management, Vol 9, No. 3, pp 18-35. Riege, A.

Reus, T.H. and Rottig, D. (2009). Meta-analyses of international joint venture performance determinants: evidence for theory, methodological artifacts and the unique context of China. Management International Review, 49, pp. 607–640

Riege, A. (2007) „Actions to overcome knowledge transfer barriers in MNCs‟, Journal of Knowledge Management, Vol 11, No. 1, pp 48-67.

Reus, T.H. and Lamont, B.T. (2009). The double-edged sword of cultural distance in international acquisitions. Journal of International Business Studies, 40, pp. 1298– 1316.

Szulanski G. (1996): Exploring Internal Stickiness: Impediments to the Transfer of Best Practice within the Firm, Strategic Management Journal, Vol. 17, pp27-43.

Sambamurthy, V. and Subramani, M. (2005) Introduction to: „SPECIAL ISSUE ON INFORMATION TECHNOLOGIES AND KNOWLEDGE MANAGEMENT‟, MIS Quarterly, Vol 29, No. 1, pp 1-7.

Szulanski, G. (1996) „Exploring Internal Stickiness: Impediments to the Transfer of Best Practice Within the Firm‟, Strategic Management Journal, Vol 17, No. Winter Special Issue, pp 27-43.

Schwartz, D. G. (2006) Encyclopedia of Knowledge Management, IGI Global. [electronic], http://library.books24x7.com/toc.asp?bookid=14700.

Schlegelmilch, B. B. and Chini, T. C. (2003) „Knowledge transfer between marketing functions in multinational companies: a conceptual model‟, International Business Review, Vol 12, No. 2, pp 215-232.

Simonin, B.L., (1997). The Importance of Collaborative Know-How: An Empirical Test of the Learning Organisation. Academy of Management Journal. Vol. 40. No. 5. pp 1150- 1174.

Smith, K.G.; Carroll, S.J.; and Ashford, S.J. (1995): Intra- and Inter-organizational Cooperation: Toward A Research Agenda, Academy of Management Journal, Vol. 38, No. 1, pp7-23.

Sandrone, V., (1995). F.W. Taylor and Scientific Management. Quality Resource Website. http://www.quality.org/TQM-MSI/taylor.html.

Tsai, W. P. (2001) „Knowledge transfer in intraorganizational networks: Effects of network position and absorptive capacity on business unit innovation and performance‟, Academy of Management Journal, Vol 44, No. 5, pp 996-1004

Uhlenbruck, K. (2004). Developing acquired foreign subsidiaries: the experience of MNEs in transition economies. Journal of International Business Studies, 35, pp. 109– 123.

Von Hippel E. 1994. “Sticky Information” and the Locus of Problem Solving: Implications for Innovation” Management Science 40, no.4, April 1994: pp 429-439.

Weick, K. (1995) Sensemaking in organizations, Sage Publications, Thousand Oaks, California, USA

Williams, C. and van Triest, S. (2009). The impact of corporate and national cultures on decentralization in multinational corporations. International Business Review, 18, pp. 156–167.

Wang, S. and Noe, R. A. (2010) „Knowledge sharing: A review and directions for future research‟, Human Resource Management Review, Vol 20, No. 2, pp 115-131.

Kashlak, R.J., Chandran, R. and Di Benedetto, C.A. (1998). Reciprocity in international business: a study of telecommunications alliances and contracts. Journal of International Business Studies, 29, pp. 281–304

Luo, Y. (1999). Time-based experience and international expansion: the case of an emerging economy. Journal of Management Studies, 36, pp. 505–534

Reus, T.H. (2012). Culture’s consequences for emotional attending during cross-border acquisition implementation. Journal of World Business, 47, pp. 342–351.

We can write this or a similar paper for you! Simply fill the order form!

Artificial Intelligence on Modern Day Business

Artificial Intelligence on Modern Day Business Order Instructions:

Artificial Intelligence on Modern Day Business
Artificial Intelligence on Modern Day Business

Referencing style- Harvard and intext referencing, all scholar articles 1000 -1200 words, I want HD so please maintain the quality, use scholar articles from my uni library

Artificial Intelligence on Modern Day Business Sample Answer

Artificial intelligence on business

According to Chan and Ip (2011), artificial intelligence research during the previous two decades has fundamentally improved performance in the service and manufacturing systems. The need to understand more about artificial intelligence cannot be ignored, considering its essence in the modern day businesses. In this literature review, there is a report of the current standing on artificial intelligence using a concise, elegantly distilled, and integrated manner so that the field’s experiences can be highlighted. Particularly, the field’s recent developments in business are reviewed broadly, as well as the present applications. Such a move is necessary for the sake of new entrants in this field. Moreover, such a literature review can help in reminding the experienced researchers on the known and prevalent issues.

Li and Li (2010) indicated that in this 21st century, AI (artificial intelligence) has become a very significant area in nearly all the fields, including medicine, accounting, business, education, science, engineering, law, and stock market among others. AI poses some challenges in relation to the growing and rising nature of information technology globally. Wierenga (2010) indicated the need for research in the business area so that the new entrants can have a basic understanding of what to expect and deal with. Broadly, the AI areas are categorized into sixteen classes. These are a theory of computation, constraint satisfaction, theorem proving, neural networks, natural language understanding, machine learning, knowledge representation, systems, genetic algorithms, expert systems, distributed AI, data mining, belief revision, artificial life, programming, and reasoning.

Wierenga (2010) asserts that the practice and theory of AI reasoning have extensive documentation. Researchers have done extensive research on axioms’ development which gives complete axiomatization and sound for the reasoning’s logic. The reasoning concept in AI has been discussed using some general areas like reasoning about the minimal belief, complexity of reasoning, sampling algorithm, efficient methods, fuzzy description logics, independence, diagnosis, fusion, and filtering among others.

When creating the intelligence system, a number of challenges can be faced. Chan and Ip (2011) noted that when trying to create the AI, there ought to be some condition on the likely reactions based on the anticipated stimuli. Arguably, this is not intelligence as imitating the true intelligence needs a detailed comprehension of the manner in which the output and input relate. At the same time, there should be huge interdisciplinary efforts among a majority of the subfields, together with linguistics and psychology.

Wierenga (2010) added that when it comes to AI, many of the complications related to human-machine interaction based on human interaction complexity. Many of the communications that take place between people might never be coded facts which machines can simply recite. In addition to this, Moreno (2009) indicated that there are very many ways through which humans are able to communicate with others, and which affects communication. These were noted to be body language, emotions, intonations invoices, popular culture facts, responses to different stimuli, as well as slang and all these have an effect on the manner in which people may communicate. This simply means that AI has not been that efficient in businesses. The non-verbal communications are difficult to model in machines, and more so when the principal common sense model has not been installed for making inferences. Lin, Wang, and Chin (2009) added that Fuzzy Logic that is modeled after people’s excellent ability to make approximations in the absence of real values also poses immense complications. By the mere definition, computations need numbers as opposed to concepts and words. When using AI in business, challenges are also experienced when human commonsense and intuition is being imitated. Humans take a lot of background information for granted, and replicating on machines is equally difficult.

Li and Li (2009) were keen to note that the other challenge arises when efforts are being made to imitate human emotions. This is based on how subjective and complex the emotions can be, particularly when expressing multiple emotions. When the Machine Learning approach is being used, the system can process conversations that humans have labeled. However, the labels are never consistent all the times. The use of AI in businesses also poses a challenge with image processing. Various locations from photos are hard to recognize on the internet based on the images’ variability. Modeling the world using internet photos is equally hard since the average photo on the internet varies a lot.

Martínez-López and Casillas (2009) noted that despite the challenges being experienced in applying AI in business, it is still being applied a lot in promoting efficiency. This is based on the fact that the major of AI is developing automated valuable solutions to a problem which would need the intelligence intervention that humans normally engage in. Chan and Ip (2011) indicated that in the business contexts, there are challenges to be addressed and which need this particular characteristic. That is, human analysis and judgment to solve and assess the problems for success to be granted. Many times, these decisional situations relate to firms’ strategic issues frequently, where challenges are barely well structured. Li and Li (2010) noted the need to apply and develop ad-hoc intelligent systems, based on their particular strengths, to provide valuable information and process data. This can use either the knowledge- or data-driven approach. Moreover, it can be of great essence to managers when they are making decisions.

Regardless of the potentialities of contributing towards strategic intelligence (competitive intelligence, knowledge management, and business intelligence), AI as a research theme has experienced scarce attention in the relevant journal articles, and more so those focusing on management and business issues. A basic Scopus search (keywords, abstract, and article title) reveals that the whole number of papers which have been published on AI or intelligent systems and business in the management or business- focused journals are less than one hundred and fifty. As such, Casillas, Martínez-López and Corchado (2012) indicated the need of promoting, publishing and stimulating high-quality contributions on the applied-intelligent systems so that management of the marketing issues can be managed among businesses.

According to Casillas, Martínez-López and Corchado (2012, the interesting and particular areas where AI can be applied within a business or industrial marketing frameworks are many. Some of these include targeting and segmenting business markets, managing the relationships between the customer, B2B pricing strategies and B2B communications decisions. At the same time, it can be applied in marketing channel relationships, knowledge management, and business intelligence, managing personal selling, and supply chain management and organizational buying processes. Finally, their applications in areas such as B2B e-commerce and web intelligence applications, services management in the business markets, and creativity, innovation, and product development. Li and Li (2010) were keen to note that some of the areas have been researched on widely, but there is still a lot that needs to be done in the future research.

Casillas and Martínez-López (2010) propose an original and new method for optimizing the line of products in a company that is dependent on the continuous and discrete attributed. This requires the Particle Swarm Optimization algorithm should be designed for dealing with such attributes in the B2B context. The newness associated with this method has a benefit in that dissimilar to a majority of the product line optimization approaches that are normally developed for companies oriented to the consumer markets, the suggested methods have been designed considering the typical industrial settings. At the same time, apart from the ability to deal with the discrete variables, this method also processes variables that are set on the continuous range. As such, manufacturers are able to increase customization degree, which added value to the product lines.

In a nutshell, there is a lot that the AI is promoting in the business field, which managers can learn from. However, there are many areas that can be studied on for more productivity in the field.

Artificial Intelligence on Modern Day Business Reference List

Casillas, J., & Martínez-López, F. J. (Eds.). (2010). Marketing intelligent systems using soft computing: Managerial and research applications. Springer. Management intelligent systems.

Casillas, J., Martínez-López, F. J., & Corchado, J. M. (Eds.). (2012). First international symposium, vol. 171 of Advances in intelligent systems and computing. Springer.

Chan, S. L., & Ip, W. H. (2011). A dynamic decision support system to predict the value of the customer for new product development. Decision Support Systems, 52, 178–188.

Li, S., & Li, J. Z. (2009). Hybridizing human judgment, AHP, simulation and a fuzzy expert system for strategy formulation under uncertainty. Expert Systems with Applications, 36, 5557 – 5564.

Li, S., & Li, J. Z. (2010). Agents International: Integration of multiple agents, simulation, knowledge bases and fuzzy logic for international marketing decision making. Expert Systems with Applications, 37, 2580– 2587.

Lin, P. -C., Wang, J., & Chin, S. -S. (2009). Dynamic optimization of price, warranty length, and production rate. International Journal of Systems Science, 40, 411– 420.

Martínez-López, F. J., & Casillas, J. (2009). Marketing intelligent systems for consumer behavior modeling by a descriptive induction approach based on genetic fuzzy systems. Industrial Marketing Management, 38 (7), 714– 731.

Moreno, J. (2009). Trading strategies modeling in Colombian power market using artificial intelligence techniques. Energy Policy, 37, 836 – 843.

Wierenga, B. (2010). Marketing and artificial intelligence: Great opportunities, reluctant partners. In J. Casillas, & F. J. Martínez-López (Eds.), Marketing intelligent systems using soft computing: Managerial and research applications (pp. 1–8). Springer.