Multinational Corporation Expansion Essay Example | Topics and Well Written Essays - 1500 words

Multinational Corporation Expansion - Essay Example The political and legal factors ruling the target company determine the ease with which the organization can establish its business. Proper understanding of the demographics as well as socio-cultural environment of the target market will determine the strategies and promotional plans for market growth. In the current expansion plan, the company chosen is Pfizer, largest pharmaceutical company worldwide. The target market chosen will be Vietnam, where the company has launched its operations yet. COMPANY DESCRIPTION Pfizer is a multinational pharmaceutical company based in United States (Pfizer, 2013a). It is one of the largest pharmaceutical companies in terms of revenue. The company is involved in manufacturing and production of vaccines and medicines for a wide range of medical conditions. The company has its operations in more than 42 countries around the globe. In the current making plan, the company is planning to launch its business in Vietnam (Pfizer, 2013b). COUNTRY DESCRIPTIO N Vietnam, also known as Socialist Republic of Vietnam and is located in the eastern coast of Southeast Asia. The country is bordered by china, Laos and Cambodia. Hanoi is the capital of Vietnam. The country has a single party socialist system, with the government and the president having executive powers. The country is inhabited mainly by the Viet, constituting about 86 percent of the total population. The average life expectancy is 73 years. Around 70 percent of the demographics belong to age group 15- 64 and merely 7 percent of population constitute 65 years or above. In terms of health and malnutrition, it is one of the major issues in rural provinces. The country has suffered from diseases such as malaria and has made progress in establishing a south health system. DIMENSIONS OF INTERNATIONAL FINANCE Management of international finance deals with monetary and financial decisions taken in the area of international business. High inflation of international trade is responsible f or the growth in international business. Thus, while doing international trade, involvement of trade and tariffs is normal and financial management becomes critical as these trade laws and regulations are different for different international markets. International finance is different from domestic finance. There are three dimensions of International finance which differentiates it from others; 1. Political risks and Foreign exchange, 2. Imperfections in market, and 3. Expanded set of opportunities. Political risks and Foreign exchange When individuals and companies are involved in cross-border transactions, they are exposed to risk associated with foreign exchange markets. These are foreign exchange risks and political risks. The companies are exposed to risk in terms of currency rates and nature of the foreign markets. To curb these risks, Pfizer can opt for conducting business in the local currency. Vietnam’s forex market has remained low, so to decrease the forex risk, P fizer can utilize the foreign risk management techniques used in United States. Political risks range from unexpected changes in tax laws to inappropriate or misuse of assets by foreigners. The economic development

Review and analysis of Educational Research Essay

Review and analysis of Educational Research - Essay Example The topic of the study revolves around the access factors faced by different employees concerning the learning in the workplace. From the two topics, it is evident that the two studies are somewhat related but completely different. First, the two studies deal with education for mature education, but Swain and Hammond (2011) focus on students in institutions of higher learning while Riddell, Ahlgren and Weedon (2009) focuses on individuals in the workplace. The other difference in the two articles is that Swain and Hammond (2011) try to focus on the individuals themselves and their motivations and benefits from the studies. Riddell, Ahlgren and Weedon (2009) focuses on the external factors that affect the individual, not what the individual feels. According to Brannen, the scope and scale of research refers to the exact areas covered by a researcher, the information presented in the study, and the factors that limit the research. This means that the scope and scale of research include s the lower and upper bounds of a study. In Swain and Hammond (2011), the researchers specifically deal with mature students in Higher education. The authors deal with these students with the aim of identifying their motivations and outcomes for studying part0-time. ... The study focuses on survey data to identify the extent and benefits of workplace learning in Scottish SMEs. The scope is further divided into information intensive organizations and traditional manufacturing and training organizations. Finally, this scope and scale is limited to workplace learning and the benefits derived by the employees for the companies being investigated. Contrary to the research by Swain and Hammond (2009), Riddell, Ahlgren and Weedon (2009) focus on the employer and not the individual. Research in social science is usually different according to the paradigms or extent of research conducted (Oakley, 2007). This means that different researchers aim to achieve different results by focusing on different research methods, mainly choosing from qualitative and quantitative research methods. The two methods mentioned usually differentiate the paradigm used in research, where the scientific theory or positivist theory is used for quantitative research while the constr uctivist paradigm focuses on qualitative research. Riddell, Ahlgren and Weedon’s (2009) background literature is read as statistical based, with emphasis on policies and the Scottish Government objectives of getting adults up to a level of education to create an equal Scottish society. The researchers’ literature reports the European study of lifelong learning as its driver, hence a study on government objectives. It does nevertheless highlight, â€Å"driving national economic growth, whilst at the same time increasing social mobility for socially disadvantaged workers through workplace learning programmes† (p.794) does not justify the government objective. This could indicate the perspective of the researcher could fall into