Globalization Essay Example | Topics and Well Written Essays - 2750 words

Globalization - Essay Example It has enabled the business houses to diversify themselves and enjoy the benefits of working in different emerging economies. Companies which are operating in the stage of maturity or decline of a particular industry of a country or region but their products have higher or sufficient demand in the other parts of the world often takes the advantage to move or penetrate in the new markets which in turn enhance the life of the product line. Globalization has paved the way for international investment across the world. Business activities are generally affected by a number of factors like the political condition of the foreign country, the economic situation of the prospective region, the legal issues or the laws regarding the business or other related issues, technology availability, environmental issues of the country, social norms, local customs and rituals, cultural, aspects of the country, the other aspects influencing the cross culture management etc. Therefore apart from financial viability of the investment, these factors have to be analysed in detail before making any decision. Wrong assessment of any of the criteria mentioned above could lead to the failure of the project. The present case of La Napoli restaurant highlights the flaws in cross culture management and overall mismanagement in managerial functions of the restaurant which has declined the overall performance of the restaurant. The case focuses how the failure of managing the cross culture issues and other basic managerial issues has adversely affected the organisational performance in terms of profitability, managerial efficiency and revenue. The Cultural Issues The case highlights the major flaws which resulted in to the decline of restaurant of an established business chain. Though the idea of Compia (a renowned Italian-American chef) of setting an authentic Italian restaurant was fair but it bumped off because of ineffective and inefficient management of cross culture issues which are very important for international investment. This segment highlights the cross culture issues which adversely affected the performance of the restaurant. The cultural dimensions of a country or region have a major impact on the organisational performance especially on the human resource activities. As per Greet Hofstede there are four cultural dimensions that are power distance, uncertainty avoidance, individualism & collectivism, masculinity & femininity and short term versus long term orientation (Heidtmann, 2011, p. 41). In order to identify and assess the problem and symptoms of cross culture issues, it is very important to analyse the cultural dimensions of the host country Hong Kong. Figure 1: Cultural Dimensions of Hong Kong (Source: itim, n.d) The power dimension signifies the extent of expectation and acceptance of unequal distribution of power. The power distance dimension of Hong Kong is 68. This signifies that the people of Hong Kong believes in superior subordinate relations hip and accept unequal distribution of power as per the organisational hierarchy. The individualism dimension of Hong Kong is very low. This signifies that the people of Hong Kong, works for the group’s interest instead of working for themselves. They believe in working collectively. The 57 score in masculinity dimension index shows that the people there are success driven. As per the score of uncertainty avoidance index it can be said that the rules and regulations are quite flexible and can be adapted as per the situations. People there are long-term oriented which means that people there worries for future which in turn signifies that job security is a major concern for them. The major cultural issues which have been identified while analysing the case are as follows: The first major issue

Chrysler Electrical Cars Essay Example | Topics and Well Written Essays - 1000 words

Chrysler Electrical Cars - Essay Example It uses a 268 horsepower electric motor and has a gas tank that can hold 10 gallons of gasoline for providing an extended range. The Chrysler town is powered by a 255 horsepower electric motor and a two-cylinder gasoline engine. It has a gas tank that can hold up to nine gallons of gasoline. The fiat 500 E which was launched in Los Angeles Auto show in the year 2012 has an electric battery propulsion control system, High voltage battery plus in charging system, an advanced thermal management system and air bags. It was designed so as to improve the performance of the electric cars and competition to the General Motors Volt and Spark and the Ford Focus electric. Several changes were made including changing the 500 ICE powering unit, fitting a new chassis and suspension for the improvement of the driving dynamics and enhancing the aerodynamics. The aerodynamics of the Fiat 500 E was improved by re-sculpturing the front and the rear fascias. The quarter panels feature concave dimples and the rear fascia includes several round holes. The rear spoiler was tested for over 140 hours in a wind tunnel so as to cut the drag and add five additional miles of the mile per gallon range. The Fiat 500 E features a Smartphone application that is available for both android and apple oper ating systems. The Smartphone application is aimed for managing the charging, tracking energy usage, locating the vehicle and charging stations that are nearby. The Smartphone application also provides real time status of the vehicle and text message notifications, tracks the use of power and the user or driver can plan and send routes to vehicle (Journal of the ATA electric vehicle interest groups Geelong and Melbourne, issue 45 December 2012) The Iconic Italian design of the Fiat is driven by an 83-Kilowatt electric motor and a Lithium-ion battery (24kw) that is mounted to the floor of the car. The electric motor delivers 147