Doing business globally and internationally Essay

Doing business globally and internationally - Essay Example Seemingly, its merger with the Russian TNK has faced distinct challenges. It is against this background that this paper reviews the implications of the TNK-BP deal from varied perspectives. Part A Question 1: In order for an organization to perform optimally in an international environment, Thomas and Inkson (2009) posit that it needs to actively engage the locals in its operations. From this point of view, this can be used to explain why BP chose to enter into partnership with TNK. Partnering with a local company would enable it pursue its operations in a sustainable manner. This is because local parners understand the local environment better and can enable the company to explore emergent market niches in a timely manner. To a great extent, this was a demonstration of corporate social responsibility by the BP Company. Seemingly, TNK is comprised of local partners who are financially endowed. At this point, it can be argued that these are representative of both the majority and mino rity factions of the corporate community. In his research, Peng (2003) cites that a more inclusive approach to partnership by international firms yields better outcomes. By including partners from diverse backgrounds, BP sought to minimize market resistance and explore any opportunities optimally. In return, the locals would have a chance to share in the economic benefits of the company. Another reason that influenced BP’s decision to partner with TNA pertains to the financial stability of its members. From a theoretical point of view, Peterson (2004) argues that in the current business environment, a financially stable partner is comparatively more desirable than his or her counterpart. In this regard, some of the partners in TNK are reportedly billionaires with global investments. A typical example in this regard is the Russian tycoon Vekselberg. Arguably, it was sure about economic success and future sustenance. Thus the economic stability of these partners greatly influen ced the decision of BP. The equal interests in the Verkhnechonsk, Rospan and Kovykta fields that BP had with TNK could also have informed BP’s decision to partner with TNK. Both partners contributed holdings in Russia Petroleum and SIDANCO. From these initiatives, it can be argued that they had similar economic interests. This demonstrates their interests to explore similar market niches. In this regard, BP thought it wise to invest with a partner that that had similar economic interests like him. In their review, Phatk, Bhagat and Kashlak (2008) indicate that in such an arrangement, it would be easier to make business deals and implement them accordingly. Upon merging, this would save the company significant resources that it would use to source for manpower. The fact that the two companies initially ventured in similar businesses implies that they had sufficient manpower from which they would source their human resource upon merging. Question 2: As aforementioned, the busin ess environment from an international point of view is very competitive. Thus once and corporate agency has identified a market niche in a foreign country, it needs to take all practical measures to safeguard this. Although BP wanted to include local firms in its operations, as one of the strategies of enhancing

Management Information Systems Essay Example | Topics and Well Written Essays - 1000 words

Management Information Systems - Essay Example Moreover, virtual reality applies the use of head mounted display that accelerates immersion and eliminates any form of interference from the real world. Notably, augmented reality combine the use of real life images and the three major display techniques, unlike the virtual reality that displays graphic information on handheld display and physical objects (Viega, 2010). Question # 2 The augmented reality is more appealing to the marketers than virtual reality, since nearly everyone has already experienced it, and is appreciating its application. Moreover, it can be applied in numerous commercial fields including sports and games, image guided surgery in medical procedures, marketing among other industries sectors. Additionally, markers prefer AR technology since it can be manipulated to produce interesting images for interesting marketing especially the phone applications (Maclntosh, 2010). Question # 3 The augmented reality has found its applicability in the real estate marketing s ince it readily avails real estate information and listings using phone applications. Moreover, the incorporated phone applications are easy to use by the phone users e.g. in locating a real estate. Additionally, the AR technology has made it easy to use small photographs that can easily be incorporated in the phone applications showing the features of the real estate or the actual property. Other than the mentioned applications of AR technology, it can be used as maps incorporating routes within a section of the city, museum. Furthermore, it can be used in the hotel industry advertisement (Maclntosh, 2010). Reference Maclntosh R. S. (2010). â€Å"Portable Real Estate Listings with a Difference, â€Å"United States, NY: The New York Times. Viega A. (2010). â€Å"Augmented Reality For Real Estate Search,’ NY: Associated Press. Interactive Session: Management, â€Å"Piloting Valero with Real Time Management† Question # 1 The management team needs to address several is sues before developing the Valero’s dashboard. Among the issues is how efficient the dashboard will assist in the management of the organization (Henderson, 2009). How many managers will the dashboards availed in their offices? Moreover, if the dashboard is to be availed to the public, will the company records remain save? Additionally, will the dashboard compromise quality of production? Question # 2 The availability of the dashboard in the remote areas of the organization makes it possible for any form of deterioration of quality in the refining process to be easily identified and corrective measure taken as soon as possible (Kahn, 2010). Moreover, the dashboard quickly reveals the occurrence of any production measures thus quick corrective measures taken unlike undertaking manual operation to the plant in determining where the problem might have emerged. Question # 3 Since the dashboards are to be separated, each dashboard will only need to display certain information. For quality performance, the refining dashboard will only be required to display certain information for quality performance. The refining dashboard shows the information including history of production and the current production data (Kahn, 2010). This would facilitate comparison thus quality assessment and