Preview

Final For International Businiess

Better Essays
Open Document
Open Document
2234 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Final For International Businiess
Jen-O-Mex: A study in Management and Culture Clash

[Type the document subtitle]

Duong Nguyen
GBUS 300
International Business
Dr. Robert Edmond

Summary: In 1930, the Jencraft Corporation was found by brothers Dan and ralph Gitkin to manufacture venetian blinds and co-operated with the Levolor Company which catered to special order hard window treatment. The Jencraft started to import bamboo roll-ups from Japan. Its markets were emerging hardware and home center markets. Its products such as shelving and café doors brought the Jencraft about $25 million throughout 1960s annually. Later, the company changed and put additional products which were imported from Taiwan  strictly importer 1954. In 1980s, the company met a big change. Firstly, the founders were no long working; they left Dan’s sons (Ron and Merrill) taking care of the firm. Secondly, American consumers became interesting with a new version of their products. New leaders of the firm took their job very seriously so they decided to expand their sourcing activities in Asia and opened a second office in Taiwan because it could help to pursue additional markets particularly in the department stores and emerging mass merchants. By 1958, Jencraft Corporation had become the largest importer of vinyl mini blinds in the United State. Moreover, with its success, the corporation was supported by many famous firms and corporations at that time. Annual sale had grown to over $60 million and kept growing 25-30% per year. The Jencraft could expand its markets profitably and implement additional product line extension such as fabric and vinyl stock, packaged verticals for sliding patio doors. This plan was accepted by majority of retailers. However, during this time the firm also met some difficulties. First of all, delivery from Taiwan was problem, when communication with the staff was not well and lack of inputs needed to produce the blinds  delays and price increases. Secondly, the United States government



References: 1. Jan Drahokoupil 2012 “Multinational corporation some key issues and challenges for employee” viewed on 11/24/2014 http://www.icaruspartecipation.eu/wp-content/uploads/2012/11/Multinational-corporations.pdf 2. D’Amica, E (26 September 2001) “The international business” http://www.sagepub.com/upm-data/26072_1.pdf viewed on 11/24/2014 3. LeanCor 15 August 2011 “Logistics and Supply Chain” http://www.leancor.com/blog/logistics-and-supply-chain-management/ viewed on 11/24/2014 4. Carla A. Hill January 2014 “NAFTA’s economic upside” http://www.foreignaffairs.com/articles/140348/carla-a-hills/naftas-economic-upsides 5. Finance and economics 29 December 2005 “The peso crisis, ten year on tequila slammer” http://www.economist.com/node/3524948 viewed on 11/24/2014

You May Also Find These Documents Helpful

  • Powerful Essays

    The Mexican financial crisis of 1994-1995, also known as the “Tequila Crisis”, took place in December 1994 and is known as the first global crisis of last decade of the twentieth century. The crisis had little to do with the external debt situation and more to do with the short term foreign exchange problem which led to the devaluation of the peso against the U.S dollar. This action lead to the following significant outcome:…

    • 1367 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Anthony Ferner, Olga Tregaskis, Paul Edwards, Tony Edwards, Paul Marginson, Duncan Adam & Michael Meyer (2011): HRM structures and subsidiary discretion in foreign multinationals in the UK, The International Journal of Human Resource Management, 22:03, 483-509…

    • 1286 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Assignment 1

    • 3095 Words
    • 8 Pages

    Smelser, N. and Baltes, P. (2014). Multinational corporations. [online] www.columbia.edu. Available at: https://www0.gsb.columbia.edu/faculty/bkogut/files/Chapter_in_smelser-Baltes_2001.pdf) [Accessed 3 Aug. 2014].…

    • 3095 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Hr on Organizational

    • 477 Words
    • 2 Pages

    A multinational corporation (MNC) is a firm that is based in one country and produces goods or provides services in one or more foreign countries. HR policies for a MNC differ from those of a company operating in just one country for numerous reasons. The MNC must take into account language, culture, ethics, gestures, laws, regulations, customs, economy, and politics of not just the home country but the host country as well. For example, Coke sells their product all over the world. They must change their marketing to accommodate the Chinese. The language must be changed, and even the recipe must be altered. The HR policies must follow the different rules, regulations, and cultures of the different countries they are doing business in.…

    • 477 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    This article is about how the value of the Mexican peso has dropped more than 30% compared to the dollar in the last month and has steadily been decreasing over the past several years. This has the citizens of Mexico worried that their economy will follow the path of Greece and other countries that have ended bankrupt. Expert economists however, argue that the decrease in the peso isn't necessarily a bad thing and the Mexico's economy has grown 2.5% in the last year and is estimated to keep on growing in the future. There are many factors that are to blame for the weakening of the peso but the biggest one is that the price of petroleum has decreased. The funds made by PEMEX, Mexico’s national petroleum…

    • 329 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Mexico Tequila Crisis

    • 670 Words
    • 3 Pages

    For this assignment I chose to research the Mexican Financial crisis of 94-95. This crisis was also referred to as the “Tequila Crisis.” The history of this financial crisis dates back to when the Peso started to become devalued in December of 94. Eventually this event caused the greatest depreciation of any currency when the Peso went from a value of 5.3 Pesos per US Dollar to over 10 Pesos per US Dollar from December 94 to November 95. This was also the most severe recession in over a decade with GDP falling over 6% in 1995. (A.M. 2012).…

    • 670 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mexican Peso Case Study

    • 978 Words
    • 4 Pages

    1. Take a look at Mexico’s balance of payments over the past few years. Use the schedule I have attached to the case – it is in the same format as we used to examine the U.S. balance of payments. What do the trade and current account balances suggest about the likelihood of a potential devaluation of the peso? Why?…

    • 978 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Toivonen Paper in the Usa

    • 349 Words
    • 2 Pages

    I think the best recommendation is Reduce cultural frictions.because The valuable of human resources by MultiNational Corporation and is the company's core competitiveness,…

    • 349 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Watkins, T., (2000), Financial and Economic Crisis in Mexico in 1982, San Jose State Economic University, Economics Department, viewed on 16th March 2013…

    • 7412 Words
    • 30 Pages
    Powerful Essays
  • Powerful Essays

    The multinational corporation (MNC), often seen as a primary agent of globalization, is taking on a new form, one that is promising for both business and society. From a business perspective, this new kind of enterprise is best understood as "global" rather than "multinational."…

    • 3017 Words
    • 13 Pages
    Powerful Essays
  • Best Essays

    References: Alpin, C, Kersley, B (2006) Inside the Workplace: Findings from the 2004 Workplace Employment Relations Survey, Routledge Chapter 2, 11. Clark, I and Almond, P (2004) ‘Dynamism and embeddedness: towards a lower road? British subsidiaries of American multinationals. Industrial Relations Journal (IRJ), 35:6. Edwards, T., Ferner, F, Bach, S (2002) ‘The renewed ‘American Challenge’: a review of employment practice in US multinationals’. Industrial Relations Journal, Vol.33 No. 2, pp. 94-108. Edwards, T and Ferner, A (2005) ‘Managing Human Resources in Multinational Companies’. Managing Human Resources: Personnel Management in Transition (4th Edn), Oxford: Blackwell, Chapter 3. Ferner, A (2003) ‘Foreign Multunationals and Industrial Relations in Britain’, in Edwards, P (2003) Industrial Relations Theory and Practice (2nd Edn), Oxford: Blackwell, Chapter 4. Ferner, A et al (2005) ‘Policies on Union Representaion in US Multinationals in the UK: Between Micro-Politics and Macro-Institutions’, British Journal of Industrial Relations, 43:4. Lee, E (1997) ‘Globalisation and Labour Standards: a review of the issues’, International Labour Review, 136:2. Michael Muller-Camen, Phil Almond, Patrick Gunnigle, Javier Quintanilla, Anne Tempel (2001) Between Home and Host Country: Multinationals and Employment Relations in Europe Industrial RelIations Journal 32 (5) , 435–448 doi:10.1111/1468-2338.00210 Royle, T (1999) ‘The reluctant bargainers? McDonalds, unions and pay determination in Germany and the UK’. IRJ, 30:2. Tuselmann, H., McDonald, F., Heise, A. (2002). ‘Globalisation, nationality of ownership and employee relations – German multinationals in the UK’. Personnel Review, Vol. 31 No. 1, pp. 27-43.…

    • 2764 Words
    • 12 Pages
    Best Essays
  • Best Essays

    Flextronics International

    • 2525 Words
    • 9 Pages

    Born out of the vision of two creative, technological supply chain trailblazers, Flextronics- the world’s second-largest provider of electronics manufacturing services and the largest global manufacturer of cell phones- took form. Tapping into a burgeoning market of overflow manufacturing services, this unique electronic visionary busted onto the technological scene, through its humble origins. With service offerings ranging from “stuffing” printed circuit boards, for electronic firms, within California’s Silicon Valley, to an ever-expanding full-service handling of all aspects of the production process- component manufacturing, assembly, testing, packaging, distribution, and later, product design and development- this one-stop, outsource depot carved its niche, and claimed its status, as a well-established, electronic manufacturing service giant. Guaranteeing efficient reliability, through its unbeatable, deal-securing offering of short lead times and final lower unit costs, this industry-leading conglomerate (a) maintained a constant “finger-on-the-pulse” connection to their original equipment manufacturers, (b) developed a flexible and uniquely responsive manufacturing system that in turn created a permanent, presence-building existence, which (c) secured itself on the industry map (Huckman & Pisano, 2010).…

    • 2525 Words
    • 9 Pages
    Best Essays
  • Good Essays

    Coyle, J., Langley, C., Gibson, N., Novak, R., Bardi, E., (2009). Supply Chain Management; A Logistics Perspective. Ohio: South-Western Press. 9th Ed..…

    • 810 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Globalization has a great influence in the booming of multinational companies. Multinational companies encourage the cooperation of versatile national powers. Doing business in different countries integrates the resource utilization and decreases the costs to a large extent. Multinational companies make the cultures of organization diverse. The relationship between leaderships and employees, which is connected to both organizational culture and national…

    • 1754 Words
    • 8 Pages
    Good Essays
  • Good Essays

    * Difficult multinational companies’ situation that need thought-out policy to provide comfortable atmosphere at the workplace for all international employees.…

    • 481 Words
    • 2 Pages
    Good Essays

Related Topics