Case Discussion Questions 1. GE used to prefer acquisitions or Greenfield ventures as an entry mode rather than joint ventures. Why do you think this was the case? According to our textbook‚ a firm can establish a wholly owned subsidiary in a country by building a subsidiary from the ground up‚ the so-called Greenfield strategy‚ or by acquiring an enterprise in the target market. Acquisitions have three major points in their favor. First‚ they are quick to execute. By acquiring an established
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Lincoln Electric: Venturing Abroad Discussion Questions: 1. How was Lincoln able to grow and prosper for so long in such a difficult commodity industry that forced out other giants such as General Electric‚ Westinghouse‚ and BOC? What is the source of Lincoln’s outstanding and enduring success? 2. Given this outstanding success‚ why did the internationalization thrust of the late 1980s and early 1990s fail? 3. What is your evaluation of the company’s internationalization strategy under
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Electric Charge and Electric Field:-> 1. Electric Charge Electric charge is a fundamental property like mass‚ length etc associated with elementary particles for example electron‚ proton and many more. Electric charge is the property responsible for electric forces which acts between nucleus and electron to bind the atom together. Charges are of two kinds (i) negative charge (ii) positive charge Electrons are negatively charged particles and protons‚ of which nucleus is made of‚
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1. Does Lincoln follow a hierarchical or decentralized approach to management? Explain your answer and give examples. According to the hierarchy at Lincoln electric‚ it appears like using a decentralized approach to management. Asper (Draft‚ 2010)‚ “Decentralization relies on cultural values‚ traditions‚ shared beliefs‚ trust and an egalitarian spirit to foster compliance with organizational goals” (p. 548-549). To be more detailed‚ At Lincoln there is an open door policy for every employee
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assumes that someone is attempting to deliberately hide a transaction as one that meets GAAP standards although in reality the transaction would affect the financial statements differently than reported. This form of deceit was used over and over by Lincoln S&L. The biggest example provided was on page 87 concerning the “Hidden Valley” transaction. The responsibility of the auditor is to first notify their client of this discovery. The auditor should also inform their supervisor and ensure that
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Lawford Electric Company – Case Analysis Critical Summary This sale was Lawford’s to lose. Lawford Electric Company’s ongoing‚ 8-year relationship with Bayfield Milling Company‚ coupled with the geographic proximity of the two businesses‚ gave them a competitive advantage upon which they were unable to capitalize. The price tag of the drive system for which Lawford prepared a competitive bid represented more than 17 years of Bayfield’s average annual purchases from Lawford.¹ Sales engineer
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motion control are called drives and employ any of the prime movers such as diesel or petrol engines gas or steam engines hydraulic motors and electric motors for supplying mechanical energy for motion control. Drives employing electric motors are known as Electrical drives. Fig 1.1 Block diagram of an Electrical Drive The advancement in electric drive system is very much related to the development in the power semiconductor devices technology. The introduction of the Silicon Controlled Rectifier
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Mini Case Study Can GE Remake Itself as a Digital Firm? General Electric (GE) is the world ’s largest diversified manufacturer. Fortune named GE "America ’s Most Admired Company" in 1998‚ 1999‚ and 2000. Jack Welch‚ GE ’s CEO and Chairman since 1981‚ is often cited as the most admired CEO in the United States. Headquartered in Fairfield‚ Connecticut‚ the company consists of 20 units‚ including Appliances‚ Broadcasting (NBC)‚ Capital‚ Medical Systems‚ and Transportation Systems. With the acquisition
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74 CREATIVITY AND INNOVATION MANAGEMENT Case Study: Jack Welch’s Creative Revolutionary Transformation of General Electric and the Thermidorean Reaction (1981–2004) Pier A. Abetti This case study draws a parallel between the French Revolution and the GE ‘revolution’‚ according to three waves of transformation. We discuss the ‘hard’ effects on GE employees (strategy‚ structure‚ employment‚ rewards) and the ‘soft’ effects (culture‚ work climate‚ indoctrination). In parallel with the French
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Electric Shock Anyone What Is This Module About? Nowadays‚ electrical appliances are commonly seen in every household. In your home‚ you probably have a television set‚ a radio‚ a karaoke player‚ a VCD player and other electrical appliances. But have you ever wondered how these appliances work? All of these need electricity to work. In this module‚ you will be introduced to the basic concepts of electricity. You will also learn about its uses. After going through the module‚ you should be able
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