LOCATION‚ COMPETITION‚ AND ECONOMIC DEVELOPMENT: LOCAL CLUSTERS IN A GLOBAL ECONOMY By: Porter‚ Michael E.; Economic Development Quarterly‚ Feb2000‚ Vol. 14 Issue 1‚ p15‚ 20p‚ 4 diagrams Economic geography during an era of global competition involves a paradox. It is widely recognized that changes in technology and competition have diminished many of the traditional roles of location. Yet clusters‚ or geographic concentrations of interconnected companies‚ are a striking feature of virtually
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washers‚ Whirlpool Corporation has become the world’s leading producer of major household appliances. Its main products include home laundry equipment‚ dishwashers‚ refrigerators‚ freezers‚ ovens‚ ranges‚ room air conditioners‚ and mixers and other small household appliances. The company’s appliances are sold in more than 170 countries worldwide under such brand names as Whirlpool‚ KitchenAid‚ Roper‚ Estate‚ Bauknecht‚ Ignis‚ Laden‚ Polar‚ Brastemp‚ Consul‚ and Eslabon de Lujo. Whirlpool launched
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The nature of the domestic and international business environment of Whirlpool : Whirlpool is a home appliance maker‚ based out of US. The firm has manufacturing units in 13 countries and sells them in 170 countries across the globe. Whirlpool generates 60% of its sales from North America‚ 25% from Europe‚ 15% from Latin America & just 2% from Asia. The nature of domestic and international business environment of Whirlpool is highly competitive in nature. There are a number of opportunities
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Whirlpool Europe: Case 2 Whirlpool Europe’s implementation of an enterprise resource planning (ERP) system is a positive business investment. One of the biggest challenges that Whirlpool Europe faces is a disconnect in the information systems. This disconnect has led to a decrease in product availability‚ loss in sales‚ and an unreasonably high inventory. A new system will allow Whirlpool Europe to improve operating effectiveness and efficiency. The cost of implementation of the ERP is quite
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A07-00-0013 Whirlpool Corporation’s Global Strategy We want to be able to take the best capabilities we have and leverage them in all our companies worldwide. David Whitman‚ Whirlpool CEO‚ 1994 Quoted in the Harvard Business Review In 1989‚ Whirlpool Corporation (Whirlpool) embarked on an ambitious global expansion with the objective of becoming the world market leader in home appliances. Beginning with the purchase of a majority stake in an appliance company owned by Philips‚ the Dutch
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9-296-077 REV: APRIL 27‚ 2006 KENNETH A. FROOT ANDRÉ F. PEROLD Global Equity Markets: The Case of Royal Dutch and Shell In early January 1996‚ Ms. Joanne Partridge‚ Director of Research at High Street Global Advisors (“High Street”)‚ a Boston-based global investment management organization‚ was studying the price behavior of the shares of Royal Dutch Petroleum and Shell Transport and Trading. It seemed that Royal Dutch and Shell should trade in fixed proportions since they represented equivalent
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Whirlpool Legal Responsibility The legal responsibility component of the Corporate Social Responsibility (CSR) definition is an expected responsibility. Whirlpool is expected to obey laws and regulations that affect their stakeholders: employees‚ consumers‚ owners‚ community‚ and others. The official company statement in regards to the basic code of conduct is “There is no right way to do a wrong thing.” (Whirlpool Corporation‚ 2006) To begin with‚ Whirlpool has an established and published Code
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Whirlpool History Whirlpool is a company that has been around for 100 years. They are best known for their household appliances including washer/dryer and dishwashers. Corporations such as Whirlpool would not be able to make it without being able to analyze positive and negative aspects that help them either penetrate a market or continue in a current market. The aspects analyzed would be items out of there control. At the basic level‚ these items would include opportunities and threats.
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What are the local and global effects of deforestation? Trees are one of the most important aspects of the plant we live in. Trees are vitally important to the environment‚ animals and mostly us humans. So deforesting them will cause local and global effects on the environment and therefore harming us as well. They are also important for the climate as they act as filters of carbon dioxide. Forests are known as habitats and shelters of millions of species. However‚ the trees on our planet are
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Anti-discrimination and unfair dismissal What is Anti-discrimination? o Involves having equal rights against civil rights‚ desegregation‚ Emancipation‚ equal opportunity‚ gender equality‚ indigenous rights and integration o Is the act of treating everyone equal and not judging anyone. What is unfair dismissal? o Involves terminating an employee’s contract on the basis of genuine grounds‚ such as misuse of property or a down turn in business. Examples of business that practice ethically o National
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