The positive effects of open sourcing Gavin Hoffman In recent years open sourcing has begun to attract the attention of many economists and social scientists for two main reasons: the growing importance of the open source movement in the software industry and some of the features of open source development appear quite paradoxical to traditional economic reasoning or intellectual property rights. But what is the open source movement and how is it impacting on the software industry? How does
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Julien Levesque June 17‚ 2010 MISM 2301 Sourcing Scenarios Case Questions Case 1: Outsourcing 1. Develop a table that captures the “pros” and “cons” of this corporate decision. Pros | Cons | Improved quality * Operational and management activities * Accurate record of transactions | Jeopardy of quality * Poor communication between suppliers * Testability * Qualifications of outsourcing company | Cost effective * Lowers cost service to the business |
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Incubator programs‚ Corporate Venture or cooperations. Since there is a lack of financial and human resources‚ SMEs have to create a balanced innovation portfolio and to invest in more than only one innovation activity (Dömötör‚ 2014‚ p.12). Digital sourcing is a model‚ which is built to help companies facing this problem (Hutchins & Campanini‚ 2014‚ p.189). It ensures the
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Ikea Global Sourcing Challenge: Indian Rugs and Child Labor IKEA and Marianne Barner are facing a very challenging issue. Because they were blind sided by the child labor issues with their supplier‚ they had to scramble to respond to the issues in a quick and appropriate manner. IKEA sent a legal team to Geneva to seek input and advice from the International Labor Organization on how to deal with the problem and to find out more about the child labor issues. They also hired a third party agent
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1. What are the missions of CERs and the capital budgeting process at Stryker? Mission: Standardize and formalize the capital budgeting process. The CERs and capital budgeting process were implemented so that a more formal process of requesting capital expenditure and approving them would be applied. All this was put in place to support cash flow targets and maintain Stryker’s 20% growth benchmark. To what extent have they been shaped by elements of corporate finance theory? They are heavily
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IKEA’s Global Sourcing Challenge: Indian Rugs and Child Labor Executive Summary Ingvar Kamprad founded IKEA in the early 1950s and served as CEO until 1986. By the mid-1990s the company was the world’s largest specialized furniture retailer. Kamprad broke the mold of the traditional furniture maker and went outside of the Swedish furniture cartel. He built relationships with outside suppliers and forged a unique business model featuring exhibition retail displays highlighting a broad range of functional
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Mattel’s Chinese Sourcing Crisis of 2007 Regarding to this case study there are three parts involved‚ which are the Mattel Company and the Chinese manufacturer‚ the regulation party of Chinese authority and the governments of America and China. To each part it relates to one of the issues that involve in this case study. The first issue that was found in this case is the reputation crisis of Mattel worldwide and its sourcing failure. The failure of their partner of using over level lead paint
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Ikea Global Sourcing Case Study Ama Achiaw Business Strategy Executive Summary IKEA is being forced to make a difficult decision after a German documentary maker announced the prevalence of children working at looms at Rangan Exports‚ a major supplier of the furniture company. Rangan Exports breached a supply contract with IKEA by allowing child labor in their factory. In previous years‚ IKEA has encountered problems with child labor and has worked diligently to educate themselves and respond
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1) IKEA is a successful global furniture company‚ which was founded as a mail order business earlier. The vision of IKEA was to create a better life for the many people‚ besides offering qualitative products with affordable prices‚ IKEA was trying to be environmental friendly and social responsible. Nevertheless‚ the flourish of IKEA also brought some problems‚ and IKEA was currently seeking a better way to deal with the child labor issues of its suppliers. 2) IKEA was facing a harsh issue due
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Global Sourcing Scenario In Indian Apparel Trade ‚ 90% of Buyers are from US and EU . These two giants had started sourcing from other developing Nations only from post 1970s . Till then they were sourcing domestically . Due to soaring domestic prices and demand for varied sewing skills ‚ buyers at US and UK started shifting to developing Nations. Evolution of Global Sourcing (Till Mid 1990s) Till First Half of Twntieth Century - US Retailers procured garments from their owned Factories
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