Case Study Foreign Direct Investment Essay Example | Topics and Well Written Essays - 3000 words

Case Study Foreign Direct Investment - Essay Example Continuous growth is essential for company’s survival in the interest of its investors and work force. Hence, this reports addresses strategy development directions in this regard. The idea of growth should be one of the business objectives. The company needs to engage in strategy development so as to create competitive advantage over its competitors. The strategy development is important as it should be difficult for the competitors to replicate. Collaboration with business partners or the stake holders such as the company’s suppliers, distributors and customers is a guarantee creating a competitive advantage which the competitors cannot easily emulate (Campbel, Stonehouse, & Houston, 2002) Different strategies to achieve competitive advantage are 1) knowledge-based strategy, 2) generic strategy 3) hybrid strategy and 4) core competence/distinctive capability/resource-based strategy. Organizations generally will select one of the strategies and incorporate value-adding activities in support of the strategy selected. These strategies are briefly explained (Campbel, Stonehouse, & Houston, 2002). ... Tacit knowledge is that which cannot be stored being mostly of individual experiences of experts. This is also not possible to be copied by the competitors (Demarest, 1997). There should be at least three types of knowledge available within firms. They are know-how, know-why and know-what referring to practical knowledge, theoretical knowledge and strategic knowledge respectively. All these combine to form core competencies of a firm. Generic strategies are the well known Michael Porter’s generic strategy frame work that explains the competitive advantage of a firm. (Campbel, Stonehouse, & Houston, 2002). Hybrid strategy is the combination of knowledge strategy and generic strategy. Lastly, the core competency strategy which is nothing but the essence of the firm’s vast experience in the tradional activity the firm has been engaged in. Ansoff’s matrix will also serve to give the proper direction for the company’ s future activity. In view of the saturated market in Europe, the only way out for XYZ Plc is to seek greener pastures abroad. Developing countries are the niche market for automobiles because the globalization has improved the standard of living for the people therein resulting in creation of demand for automobiles. Markets for automobiles in these countries has not yet saturated. These countries are attractive not only within the context of domestic market for automobiles but also the savings in wages by almost 65 per cent. The countries offering huge opportunities for investment are China and India, the world’s two largest populated countries. Foreign Direct Investment (FDI) These countries have benefited a lot from the inward FDI flowing in continuously. India especially has survived the economic crisis that

Stock photography Essay Example | Topics and Well Written Essays - 500 words

Stock photography - Essay Example Stock photography in this case becomes highly cost effective and of great use at the right time. Moreover, hiring and explaining while training the photographer as to what the company actually needs out of his work takes a lot of time and still cannot assure the desired results. Therefore in order to minimize the risk of getting the wrong outcomes, most of the companies go for stock photography (Highton, 244). The use of stock photography is most commonly found in the advertising, design or such related agencies which have more of a creative and artistic work to do. Although this type of photography seems easy but it has some serious criterion related to it. Such photographers always have to keep on following certain criteria so that their images can match up to the standards which most of the reputed and well established companies desire (Gross, 185). This type of photography is best utilized by those companies which are purely involved in their core business and can hardly manage these advertising and promotional aspects on their own.Stock photography is of great value both to the photographer as well as the employer as it mutually benefits both parties not only in financial terms but also in terms of saving valuable time of both parties. The success of stock photography entirely depends upon the effectiveness and efficiency of the photographer. If the portfolio of his or her pictures is diverse and caters almost everything that can match the needs of his target clients, then it would definitely get him a huge business. Similarly, he would not be in need of updating the portfolio of new pictures every now and then. The trend of the stock photography started a long time back, nearly in the nineteen twenties. But now the things have changed drastically. It has not just been limited to photography but a number of agencies have been established