Fords Acquisition and Disposal of Volvo, Jaguar, and Land Rover

In the 1990s, Ford planned the creation of the luxury car division that could involve the car brands similar to Volvo. The division known as the Premier Automotive Group (PAG) was established in 1999 (â€Å"Ford Buys Land Rover†).Advertising We will write a custom essay sample on Ford’s Acquisition and Disposal of Volvo, Jaguar, and Land Rover specifically for you for only $16.05 $11/page Learn More During the period of 1999-2008, the PAG included such brands of luxury cars as Volvo, Jaguar, and Land Rover acquired and then sold by Ford because of their non-profitability (Table 1). Table 1. Ford’s Acquisitions and Sales Brand Date Acquisition Cost Date Sale Cost Jaguar 1989 $2.38 billion 2008 $2.3 billion (with Land Rover) Volvo 1999 $6.45 billion 2010 $1.5 billion Land Rover 2000 $2.9 billion 2008 $2.3 billion (with Jaguar) Referring to the table, it is important to conduct the VRIO analysis in order to state why Ford ma de decisions regarding the acquisitions and following sales. The VRIO Analysis The competitive advantage can be gained by Ford when the company utilizes ‘valuable’ (V), ‘rare’ (R), ‘inimitable’ (I), and ‘organized’ (O) resources. Jaguar In case of Jaguar, Ford planned to cover the niche of prestigious cars with high driving dynamics, and during a long period of time, the development of the brand addressed the requirements of value, rarity, inimitability, and organized exploitation. However, the situation changed in 1999, when the PAG was established, and Ford planned to use the centralized approach to managing the operations within the division.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Jaguar cars became set on the common vehicle platforms as other cars of Ford, the sales decreased, and the company chose to buy the brand to the Indi an corporation in 2008 (Prokesch par. 2). Volvo The acquisition of Volvo in 1999 was a result of Ford’s strategy to expand the market share in Europe and widen the niche of premium brands. In terms of value, Volvo was discussed as a profitable brand. Rarity and inimitability depended on the high quality and exceptional safety. Organization depended on the synergy approach within the PAG (James par. 3). However, Volvo became less valuable brand in the 2010s, when Ford focused on uniting the engineering departments within the PAG to decrease associated costs. As a result, the measures related to rarity and inimitability were also decreased. Ford needed to sell Volvo in 2010 while losing more than 70% of the brand cost (â€Å"Ford Sells Volvo†). Land Rover Land Rover was acquired in 2000 as one more luxury brand to expand the PAG. The decision was discussed as good for Ford because of the opportunity to focus on the prestigious cars with the high off-road capability. This aspect added to the rarity and inimitability of available resources (Hill and Jones 312). In terms of value, the acquisition of Land Rover was important for Ford to expand the market share in the area of four-wheel-drive cars. The aspect of organization was addressed ineffectively because Ford could not rely on synergies in the PAG, but the company continued to use the principle of common vehicle platforms to produce Land Rover cars.Advertising We will write a custom essay sample on Ford’s Acquisition and Disposal of Volvo, Jaguar, and Land Rover specifically for you for only $16.05 $11/page Learn More Thus, the brand was sold in 2008 along with the Jaguar brand because cars decreased in their value and inimitability (â€Å"Ford Sells Land Rover and Jaguar to Tata†). Focusing on the VRIO analysis, it is possible to state that the competitive advantage of Ford decreased significantly after establishing the PAG because the company aimed to reduce costs of production instead of adding to the brands’ uniqueness in terms of rarity and inimitability in order increase their value. Works Cited Ford Buys Land Rover. 2000. Web. Ford Sells Land Rover and Jaguar to Tata. 2008. Web. Ford Sells Volvo to Chinese Carmaker Geely for $1.5 Billion.  2010. Web. Hill, Charles, and Gareth Jones. Strategic Management: An Integrated Approach. New York: Cengage Learning, 2012. Print. James, S. Ford Acquires Volvo Car Operations.  1999. Web.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Prokesch, S. Ford to Buy Jaguar for $2.38 Billion. 1989. Web. This essay on Ford’s Acquisition and Disposal of Volvo, Jaguar, and Land Rover was written and submitted by user Matilda B. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Casino Gambling Guide

Table Of Contents How to Play Baccarat . . . . . . . . . . . . . . . . . . . 3 How to Play Blackjack . . . . . . . . . . . . . . . . . . . 7 How to Play Craps . . . . . . . . . . . . . . . . . . . . . 11 How to Play Big Board Keno . . . . . . . . . . . . 15 How to Play Roulette . . . . . . . . . . . . . . . . . . 18 How to Play The Slot Machines . . . . . . . . . . 22 How to Play Casino Poker/Texas Hold’em . 24 How to Play Video Poker . . . . . . . . . . . . . . . 27 HOW TO PLAY BACCARAT As with all table games, you begin by changing your cash money into gaming chips. In Baccarat, these gaming chips are quite a bit bigger than the regular casino chips. There is absolutely no reason for this other than the aura of special importance that Baccarat seeks to cultivate. Perhaps the casinos think that players will feel better about betting large amounts if they have big chips in their hands. But no matter how big these chips are, they function in exactly the same way as any other gaming chips in play throughout the casino. They can be changed for cash if you wish, or for regular casino chips. At the Baccarat table it doesn't matter which seat you take. Unlike Blackjack, in which position selection can be advantageous in a game with more players, in American Baccarat you are not playing against the other players, or against the House. Your betting action is against the cards. It therefore makes no difference what the other players bet on, or how much, or what order the cards are dealt in. In Blackjack, for instance, other players at the table ahead of you in the turn of dealing can affect what cards you will receive when it's your turn to draw. This is why position selection can be so important. But in American Baccarat this doesn't matter. Even if a designated player at the Baccarat table does draw the cards, no player decisions are involved. Whether any additional cards are drawn depends entirely on... Free Essays on Casino Gambling Guide Free Essays on Casino Gambling Guide Table Of Contents How to Play Baccarat . . . . . . . . . . . . . . . . . . . 3 How to Play Blackjack . . . . . . . . . . . . . . . . . . . 7 How to Play Craps . . . . . . . . . . . . . . . . . . . . . 11 How to Play Big Board Keno . . . . . . . . . . . . 15 How to Play Roulette . . . . . . . . . . . . . . . . . . 18 How to Play The Slot Machines . . . . . . . . . . 22 How to Play Casino Poker/Texas Hold’em . 24 How to Play Video Poker . . . . . . . . . . . . . . . 27 HOW TO PLAY BACCARAT As with all table games, you begin by changing your cash money into gaming chips. In Baccarat, these gaming chips are quite a bit bigger than the regular casino chips. There is absolutely no reason for this other than the aura of special importance that Baccarat seeks to cultivate. Perhaps the casinos think that players will feel better about betting large amounts if they have big chips in their hands. But no matter how big these chips are, they function in exactly the same way as any other gaming chips in play throughout the casino. They can be changed for cash if you wish, or for regular casino chips. At the Baccarat table it doesn't matter which seat you take. Unlike Blackjack, in which position selection can be advantageous in a game with more players, in American Baccarat you are not playing against the other players, or against the House. Your betting action is against the cards. It therefore makes no difference what the other players bet on, or how much, or what order the cards are dealt in. In Blackjack, for instance, other players at the table ahead of you in the turn of dealing can affect what cards you will receive when it's your turn to draw. This is why position selection can be so important. But in American Baccarat this doesn't matter. Even if a designated player at the Baccarat table does draw the cards, no player decisions are involved. Whether any additional cards are drawn depends entirely on...

Becoming A Culturally Competent Counselor Essay Example | Topics and Well Written Essays - 500 words

Becoming A Culturally Competent Counselor - Essay Example I would describe my cultural identity development at the current time using the racial/cultural identity development. The first stage of my cultural identity development started with conformity. I accepted the dominant beliefs and customs being practiced by most people, and admittedly, I have discarded some of my own less popular and less dominant beliefs and practices. As a result, there was a certain dissonance because of the conflicting messages and observations inconsistent with my views of my culture and the dominant culture (Sanchez, n.d). I questioned the dominant beliefs that I conformed with previously. I saw how these dominant practices are unfairly damaging to my culture. After the stage of dissonance, I learned to completely embrace my cultural values and to reject the dominant beliefs. I also felt shame for abandoning my beliefs just because they were not popular. In the process, I regained pride in my culture and my beliefs. However, following the acceptance of my minor ity beliefs, I went through the stage of introspection where I learned to assess both minority and dominant beliefs and to integrate them into my life. After going through such process, I now developed an inner sense of security in my beliefs; I learned to accept people’s peculiarities and culture even if they were so different from the rest of the world (Sanchez, n.d). I learned that it is possible for the dominant and the minority beliefs to coexist, to take the strengths of each aspect and apply them in one’s life. Considering the nature of my cultural experience, five strengths I will bring to multicultural counseling will be my openness, my honesty, my sense of respect for other cultures, my perceptiveness, and my creativeness. I am open to people’s peculiarities and preferences; their having another culture or belief different from mine would not interfere in

Developing Speaking Fluency and Accuracy Essay Example | Topics and Well Written Essays - 2750 words

Developing Speaking Fluency and Accuracy - Essay Example Paul further expressed that people do have an integral and perplexing fear towards the English language which can be attributed to the inhibitions of a person in expressing themselves using the newly acquired language. As Paul (2009) elaborated, teaching how a word is properly enunciated or pronounced appeared to be the most difficult aspect that students are found to have. This gives an obvious divergence between the teacher and its students. One reason for this is that often foreign speakers are failing to adapt the English language as a secondary language. Since there are different people coming from different countries speaking English, there are modifications made in the pronunciation of a word. It is not an easy task to master the English language especially if this is not the mother tongue of a particular group. There are people who continually struggle with the rules and regulation of sentence construction or grammar. Ways to Improve Speaking These demanding challenges make it necessary for any teacher of English to have formal training in instruction and approach. As expressed by the British Broadcasting Company (BBC) (2003) that it is an effective method for teachers to find an appropriate plan on how the lessons will be presented that can aid the students in better understanding and adapting the enunciation and grammar of the foreign subject. According to the BBC’s (2003) world service radio series, the following elements attributes for a better and effective speaking: confidence, fluency and accuracy, proper usage and choice of words, bulk language learning, pattern as to where one should be going, maintaining the interest in its listeners, and becoming a supportive listener and sounding like a native speaker. This paper underscores the concepts of fluency and accuracy in the development of speaking skills.

1933 Securities Act Essay Example | Topics and Well Written Essays - 500 words

1933 Securities Act - Essay Example Generally, the Act was enacted due to the realization that more information was required about and within the securities market. In this case, the Act addressed requirements in the securities market to enhance disclosure by requiring all companies in the U.S. to seek registration with the Securities and Exchange Commission before beginning their operations (Hecker, 2014). This registration was meant to ensure that companies gave potential investors and the Securities and Exchange Commission with relevant information, specifically through registration statements and prospectus. However, under the Securities Act of 1933, specific securities are exempted from these registration requirements. These exempt securities either come from other government regulatory agencies with a form of jurisdiction over the securities’ issuers, or from issuers with a high credit worthiness level. These securities include municipal bonds such as local government bonds, securities issued by federal agencies or the United States’ government, and securities issued by credit unions, savings institutions, and banks (OConnor, 2014). In addition, other exempt securities include public utility bonds or stocks, fixed annuities and insurance policies, and securities issued by non-profit, educational, and religious organizations. Finally, bankers’ acceptances, bills of exchange, notes, and commercial papers with initial maturity periods of less than 270 days are also included under exempt securities.

The Background Of Human Resource Management Commerce Essay

The Background Of Human Resource Management Commerce Essay Human resource management is an important asset for any company. First, human resource management is between employer and employee. These two groups are the determining factor of the company. The challenges faced by human resource management include the number of people is needed, being employed and to train them. If employees are hired, employer must give them an appropriate compensates. Employee should be given a reasonable salary for their effort. Without this, employer must grant awards to employees merits and carries out penalty to those employees that do not abide to the rules and regulation of the company fairly. Subsequently, the connection between employer and employee is important for success of the company. Definition Human resource management is a personnel management that focuses on one individual rather than a group of people. The human resource management responsibility is often devolved to line management. It is illustrated by stressing on strategic integration, employee commitment, workforce flexibility, and quality of goods and services. Theories/concepts of human resource management Recruitment Recruitment which is a part of the human resource management, it is a behavior impact achievement of an organization. It determines the internal or external of a candidate whether they are the best, and choose suitable applicants. Selection Selection which is gathering information and decide that who should be hired, and choose the best for the whole organization. Selection is a very important process in all business; because it will give an impact to the whole organization achieve its goal. Training Training is also a part that very important in an organization, because it to let employee need to know the way how to apply the equipment when work. The purpose of training to the employee is to improve more productivity by increasing each of the employee ability to perform. Development Development and training are impact with each other, training is a focus on short-term skills while development which is a focus on long-term skills. Both of these two functions which is a assess needs of the organization. Glaxo Smith Kline (GSK) Glaxo Smith Kline (GSK) is one of the largest research-based pharmaceutical companies in the world that discovers, develops, manufactures and markets human health products. An innovative company that produces branded products only, which it has develops itself. Pharmaceuticals and consumer healthcare is the two main division of the company. The pharmaceuticals division is the biggest division in the company and is divided into prescription drugs and vaccines. GSK headquarters is located in London, United Kingdom. GSK manufactures pharmaceutical as well as consumer healthcare products. GSK marketed pharmaceutical products like Zentel, Pentosam, Tuberculosis, vaccines and anti-malarial products and anti-retrovirals products. And for the consumers healthcare products, such as the toothpaste brand Aquafresh, Macleans and Sensodyne, and nutritional healthcare drinks. Based on one of the GSK Malaysia employees explanation, GSK Malaysia company structure is manage by Managing Director and supported by Finance department, Business Units and the Human Resource (HR) department. In the business units, they have four business units and in each unit, there are marketing staff and sales staff. Under marketing, consist of product managers and product executives. Under sales unit, consist of sales managers, sales executives and medical sales reps whereas in the HR department, the head of department is assist by managers and executive. The finance department operates by the financial controller, managers and executives. Mr. Andy Lim (GSK Senior Professional Medical Representative) confirmed verbally that the information on the company structure is true on 25 May 2010. In order for GSK to achieve their business goal; to be the world leader in the pharmaceutical industry, GSK would have to enhance their Research and Development (RD) pipeline. With that, the company can maximize their RD portfolio and linking RD closely to commercial operation. Furthermore, by increasing the brand recognition among costumers and seeking to improve version of older products is one of the companys marketing strategies. Besides that, GSK is using the Direct-to-consumer (DTC) method and it is the most important element of their marketing strategy. From DTC advertising, consumers will be updated with the latest information about their products. Subsequently, consumers may request specific brands of medicines to their physicians. Glaxo Smith Kline (GSK), Human Resource Management process. GSKs Human Resource Management (HRM) process consists of recruitment, selection and training and development. Firstly, the company requires the applicants to use the search functions in the particular companys website to search for their desired vacancy. Fill in the online application form and submit the application. Then, the company will inform applicants by an on-screen message that stated that the application has successfully been submitted. By providing a valid email address, applicants will receive a confirmation email that their applications arrived in the recruiters inbox. The recruiters will review the applicants applications. If the applicants resume fulfils the job requirements, the applicants resume will advance to the appropriate hiring manager. The company will only inform applicants that are granted an interview. The recruiter will contact the selected applicants to make them a verbal offer and a written offer letter will be followed up and the company will also explai n the next steps include their pre-employment screening process. The selected applicants will go through the pre-employment screening, which after the company will finalize their starting date and induction detail. The selection process used by GSK was designed to give an opportunity to these ambitious and talented applicants, to exhibit their leadership quality so that these applicants can lead the company. The company is interested not only in the qualification of the applicants but also the personality in each applicant. Performance is not the only factor that the company would put into consideration to hire new employee; they are also interested in the level of integrity, initiative and the passionate commitment by the applicants towards the people that they may work with. Furthermore, GSK would prefer the applicant to have a degree in science or pharmacy, experience in healthcare/pharmaceutical industry, then applicant also need to be good in the communication skill and especially in English language. Applicant need to have the spirit of highly self-motivated and result-oriented. The company requires the applicant to have their own car and willing to travel. GSK gives the employee training and development. Their training includes training, mentoring, coaching, performance appraisals and volunteering opportunities. Such training will help the employees to upgrade themselves to a higher level and it will help to develop the employee to advance in their career. For the training, the employees are provided work-related training courses. GSK offered learning programs in 19 languages to their employees in over 100 countries and these programs were offer through the company online learning management system. Furthermore, project secondments were offered to help the employee to develop new skills. In mentoring system, the high-performing employees are given support and inspiration; this will help to create leaders of the coming years and another important component of employee development is coaching. Internal and external coaching resources will help to speed up growth and develop leadership skills. Performance and development planning (PDP) is a key people process in the company. This is the basic on how the company establishes what they will achieve through the company personal objectives, as well as how the company will achieve through GSK behaviours and most of the employees take part in performance appraisals through the PDP process. GSK promote employee volunteering. Through employee volunteering process, employees will gain new experiences and skills, and it will also help the employees to deepen the understanding of the patients need. Human Resource Management Process Highlight any positive and negative effects of implementation. (Recruitment, Selection, Training and Development) There are a few of positive and negative effects when you are working with this company. After I done my research on this company, I found that only those who are highly educated are qualified to work in this company. For this reason, I can conclude that most of the human resources management process designed by this company, demonstrates a positive outcome. In recruitment, the positive effect shown in this company is online application. With the presence of such technology, employer can reduce their work by only contact those applicants who are granted an interview. This type of recruitment widely used because it works faster and easier. The positive selection on this company depends on the employees qualification. Basically, the selection requires at least three years of working experience. Although an employee maybe a PhD holder, experience is equally as important in order to have a job. The negative effect identified is that the probability of employing experienced employee is low compared to fresh graduates. This is because in this century, the number of unemployed fresh graduates is high. There are a few highlight positive effects about training for employees in this company. Their training process is designed to give an opportunity to all those talented and ambitious students to demonstrate their potential, to be the leaders of the future. The company are not just seeking performance, but also integrity, initiative, and a passionate commitment to the people they work with-whether theyre at the next desk or on the other side of the world. In the other hand they also had learning opportunities that teach flexible thinking skills, employment practices that support career development, benefits and rewards that reflect changing needs, and performance-based flexible work practices and policies that meet both business and personal life needs. Of course there are also had a negative effect about the worker selection on this company. For those who want to get a career on this company must a person that have a high self-confident, because this company wanted to train their wor ker to become a very strong leader ship worker as what this company requite. The positive effect can be shown on this company development when everyone who works in this company can enjoy a work-life balance. With this, you are able to have a Flexible Working Policy, which applies to all staff, covers a variety of working patterns, including home working, part-time working, annualised hours and term-time working. Of course, these kinds of flexible working options are particularly attractive to parents and care-givers. This approach is to support flexible working arrangements wherever this company can make life better for their employees, while ensuring business needs are met. While the negative effect on this company development on flexible working is employer or the manager will faced some problem when they want to give training or speak for their employee because employer need to separate it into two sections, so that it will cause more expenses and time are needed. Example of the implementation of human resource management process in GSK (Recruitment, Selection, Training and Development) After doing some research on this company regarding their recruitment, selection, training, and development process, it shows that this company is quite strong, but theres more to improve for a better. In my opinion, this company should implement new strategy on their recruitment and selection by set a higher standard recruitment. For example, for those who wanted to work in this company should have a minimum working experience of three to four years with other pharmaceutical company and at least a degree holder. With such requirement set by the company, the employees that work in the company are efficient. In addition, this company must also improve their training by instil job management skills. For example, as a result of the training given by the company, employees will possess leadership quality in them as to prevent any of the employees to cross over the moral codes of the company. Does the companys development important? It is important as it will determine the future of the c ompany. Therefore, they should improve further on their development. For example, employer should give more incentives to their employees as to reduce the frequency of absence of employees and to increase the efficiency of the employees. Subsequently, the employees will work harder for the company and it may contribute to improve the companys profit. Conclusion In a nutshell, I have learned that the human resource management is a significant asset for any company to grow and advance further in the future. Furthermore, human resource will also assist to nurture the employers and employees in their self-development, so that they will be more productive to the company. In human resource management, I have learned that, in order to work with people effectively, well have to be aware of various type of human behaviour in them, and to be knowledgeable regarding various systems and practices available in order to facilitate in building a skilled and motivated workforce.

Old Vs Young - Tragedy :: Free Essay Writer

The older generation of people in the play can be contrasted with the two young lovers. The lovers portray themselves as rash and impulsive who are filled deeply with emotions. Their elders, on the other hand, have experienced more in life and are probably wiser, thus they see things from a different angle. This leads to the elders not understanding the feelings of Romeo and Juliet, hence causing conflicts, misunderstandings and pain to arise. The older generation in this play refer to Romeo and Juliet's parents, the Nurse and Friar Lawrence. I do agree that the older generation did play a major role in their children's destiny through their foolishness and good intentions, but not all blame is credited to them because Romeo and Juliet did contribute to their own tragedy. Fate also 'thwarted our intents'. Montague and his wife show themselves to be caring and loving parents. After the fight on the streets of Verona, Benvolio is conversing with Montague and his wife about Romeo. Lady Montague knows her son has been troubled lately so she is glad 'he was not at this fray'. Montague has observed his son's distress, 'deep sighs', 'heavy son' and wants to relieve his despair, 'as willingly give cure as know'. From here, we can detect the good intentions of Romeo's parents, thus we know that whatever choice Romeo makes, they would have rendered their utmost support to him. Older people are often thought to be wiser. Capulet admits that it is easy for 'men so old as we to keep the peace' which shows that the feud between their families can be resolved. However, it is clear that no effort has been put into ending their quarrel. This highlights the idiocy of the two men which leads to the tragedy because the young lovers could be happily married when the feud ended. Capulet has good intentions when he finds a suitable match for his daughter. Paris is a handsome and gracious gentleman. It can be said though, that Capulet is acting out of pure selfishness because he knows Paris is a relative of the Prince which is why he, later in the play, insists that Juliet marry Paris. Lady Capulet is absurd in her description of Paris, 'a flower', 'to beautify him only lacks a cover'. Her attitude towards marriage and love is so artificial and she seems more interested in the wealth and nobility of Paris.