Porter's Diamond Framework Analysis

4 What should Jim Billings do? Jim Billings should do: Jim Billings should prioritize core business and keep a balance for innovation and existing products. Along with innovation he should also give equal weightage to investment in existing products. Though inviting falcons is a great idea but people outside the company shouldn’t be made subsidiary officials unless they make an extraordinary contribution to the subsidiary because this make company employees feel out of the

If the mark of a political community is to be self-sufficient, then Aristotle would likely not support small businesses because they are not self-sufficient – or at least not as much so as larger businesses. Bruenig supports this idea by saying that our economic system actually aims to keep businesses small. By keeping businesses small, it makes it harder for them to sustain themselves and makes it virtually impossible for them to sustain the entirety of the United States which is why we have so many large

This is because Harley-Davidson is faced by a lack of market expansion resulting into fewer market opportunities. The major challenge Harley-Davidson’s business strategy is that a larger market in Europe is taken by BMW and an Asian replacement would imply that the company applies persistence and time investment so that they can operate successfully in the Asian market. They should also put up country based management teams that will assist the company in making wise cultural decisions. As mentioned earlier, there are government and legal threats and these can be reduced through more involvement with foreign governments through the US trade office. More involvement in the activities of the world trade

Firstly, option of separate sales force for each brand. This option allows the sales agents to focus on a specific market and use their experience and knowledge to continue marketing in a single defined niche. As result organization will have experienced sales agents who are experts in specific market. However, this strategy needs high expenditure of the company. The company has to maintain a separate sales department for each brand line and sales agent of one brand cannot be made responsible for increase in sales of other brands.

Although Beyond the Bean offers a unique selling proposition, it currently has no position in the social entertainment market. Tight competition with Fleetway and Palasad North has exhibited the importance of creating strong marketing strategies that focus on improving brand positioning, a main competitive differentiation tool. If Beyond the Bean continues to disregard the tasks of selecting and defining its target market, they will not only be wasting their resources, but also jeopardize their company’s long term viability and growth. This will ultimately lead to consumers choosing competitors’ products as their businesses have clearly conveyed their offerings to their target audience. In order to address all of these concerns, the business

When applying for college or for a job, you need to stand out, otherwise you do not hone the skills necessary to prosper in that school or company. However, Japan is the contrary with regards to individualistic society. Although not the most collectivistic society in relation with other Asian countries, Japan’s is still relatively low in comparison with the United States. Japanese people tend to be reserved in the business culture (Hofstede). They focus on the collective group aspect to achieve a common goal within a company, rather than have personal gain to rise up the corporate ladder, of which seems imperative to do in the United States.

Some people fear that free trade will lead to inequality in some states with a history of ineffective governance. Small family business cannot compete on the global scale, so free trade is not beneficial to local businesses when it comes to profit. With reduced tariffs imposed on imported goods, foreign suppliers can easily lower their costs. And as a result, consumers will prefer imported goods and products over locally produced commodities. Free trade will lead some countries to disregard the environment when it comes to producing products and getting rid of waste materials just so they can compete in the

Customers do not want to switch to purchase different brands, as such they hold some bargaining power to drive the demand. In the luxury industry, it is possible that existing companies or new designers could enter internationally. However, the brand positioning serve as a serious barrier to create awareness due to customer loyalty and acceptability of the brand. In this case, threat of new entrants is relatively low. Luxury products are not easily substitute as it is not an ordinary goods but the threat can derive from imitation.

First of all, the country is in a huge debt and does not have any revenue to use for government spending. They need to ask European Union (EU) to borrow money, but they lost their confidence among the countries, so no one is willing to lend. Secondly, those policies that to address unemployment problem are only effective in the short term to maintain inflation and increase employment rate. However, it will result in a recession if these policies are continuously used. Thus, in the long term, the government should attempt more on interventionist supply side policies such as investment in human capital, new technology, infrastructure and industrial policies.

While both philosophers’ writing can be very useful to the government in some ways. The leader should not be cruel or mean to the people but should know when to tough. The big difference is how they disagree most strongly on how a government should run and how they believe in war. They also disagree on when mercy should be given and how the money they own should be spent. Neither one of the ideas that they have for the government will work for the world today, because the world is not as good and peaceful as Lao-tzu describes in Tao-Te Ching, and not as chaotic or mean as Machiavelli says in The Prince.

Even worse, because of the way the Trust Fund works, higher taxes probably wouldn 't fix the problem and wouldn 't take future tax hikes off the table.” (www.socialsecurityreform.org). Even though we’ve known about the problems in Social Security, no president, until George W. Bush, has ever attempted reform Social Security. Unfortunately with little democratic support Bush was unable to achieve his goal. The Obama and Biden Change campaign agenda vowed to ensure Social Security was solvent and viable for the American people (www.change.gov). Former President Bush wanted to address the problems within Social Security through privatizing.

This way the government gets to see if policy maker’s ideas work well with the business world. The best way to get a law to be effective is to have both parties find common ground between ideas. There has to be some sort of compromise for proficiency. I contend that policymakers do not know what works best with the business world for success professionally and for success in profits, they only know what works best for the government. Likewise, business people only know what works best in businesses and do not how to draft a law.

Some of the established opinions say, “mandated family leave is a poor instrument at best, and thoroughly counterproductive at worst.”(Ghei, 2009). They think that the law cannot be changed and far from help mothers and fathers, regulations about extended paid family leave will do the opposite effect. Others state that “paid leave is expensive, they argue, and businesses should all be able to figure it out on their own.” (Kurtzleben, 2015). The opposite opinions believe that not every worker deserve apply for this right of paid family leave, just those who have a better position because they are the ones that produce more money to the employers. But we need to ask if this kind of opinions would be really fair to the rights which by law have employees.