Competing in the global arina Essay Example | Topics and Well Written Essays - 1000 words - 2

Competing in the global arina - Essay Example Vertical integration is brought about in any business by increasing or decreasing the control a firm has over its inputs and distribution of outputs and services. This would include both backward and forward integration. Backward integration is the control over inputs or supplies, whereas, forward integration is the firm’s control over its outputs or supplies. Full vertical integration occurs when a firm incorporates a value-chain of a supplier and/or that of a distribution channel into its own value chain.2 This could happen in two ways: when a firm expands its activities directly in other countries or through acquisition of existing companies in these countries. Horizontal integration involves expansion of the business at the same level of the value chain.This could be done through acquisitions or expansions into related or unrelated products, but at the same level of the value-chain. To launch a new product, ample research must have been carried out to determine the suitability of the product in the new market. If only there is a demand for a product, it should be launched in the new country/market. To launch a new product, the market/consumer population must be ready for its launch. The consumer should be aware of the benefits of the product and must be ready to experiment with the new product/service. To be able to successfully launch a new product in a foreign country, the company should have core competencies in manufacturing the product. A product will be accepted in a foreign market, if and only if it is better than the existing products available in that market/country. The manufacturer should make sure that his products/services are the best in the country and there is no competition. This might require integration in some form: either vertical or horizontal; to ensure the competitiveness of the products. Decisions regarding the time of launch of product and pricing would have to be carefully worked

Academy Honesty Essay Example | Topics and Well Written Essays - 500 words

Academy Honesty - Essay Example Academic honesty is crucial in promoting original ideas and interpretation on issues and topics that are socially, economically and politically relevant. Besides being ethically correct, academic honesty fosters a new breed of innovative thinkers who have the power to influence the critically sensitive paradigms of our time which is fraught with conflicting ideologies and unholy alliances of the vested interests.The purpose of academics is to generate knowledge which is multiplied through interpretation in various formats by scholars. The existing database of knowledge is explored, modified, corrected or even expanded with more fresh inputs by other scholars, thus promoting academic honesty, which relies on acknowledging the efforts of other people. Hence, academic honesty is an important tool to safeguard not only one's works but also to encourage originality and innovative writing in academia.One can use academic honesty by acknowledging the efforts of other scholars and people thr ough proper citations. The ideas and writings of other scholars are duly recognized by having a detailed bibliography, in one's work.Academic honesty is critical to the advancement of knowledge and development of fresh ideas and perspectives on wide ranging issues.