25 Questions
INTERNATIONAL MANAGEMENT FOR EAST ASIA 6 – 13 -14 - 15 - 16 - 17 – 18 (se le slide non sono chiare) Azienda/paese come buon esempio dei contenuti del corso: imprese che hanno adottato delle strategie di marketing particolari, aziende che si sono espanse nel corso della sua storia, a livello macro, come Paesi, con delle caratteristiche che possano portare alla vendita positiva dall’occidente all’asia. Enfasi su perché il caso viene portato nel corso di INT MAN e spiegarne le caratteristiche. PRINCIPLES OF BUSINESS MANAGEMENT WHAT IS A COMPANY. A company organizes resources to manufacture and or sell products that satisfy human needs in order to obtain a profit. It is usually a legal entity distinct from its members and shareholders. There are two sets of figures: shareholders, who own the firm and get the profits (REVENUES FROM SALES – COSTS = PROFIT) based on how many actions they own, and managers, who manage the company in the interest of the owners. The distinctions are made because shareholders may or may not need managers, so they could overlap. Companies listed in financial markets means that the actions of the company can be sold. All companies are organizations but not all organizations are companies. STRATEGIES Strategies are actions that managers take to attain the goals of the firm, like creating profit or maximize shareholders’ value.
Corporate strategy is a unique plan or framework that is long-term in nature, designed with an objective to gain a competitive advantage over other market participants while delivering both on customer/client and stakeholder promises. There is: non-______ (Apple), related diversification (Samsung) and unrelated diversification (Virgin like radio etc.).
diversified
The Balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period. The ______ in which on the left there are assets (dare), the things the company owns and uses to create the product and be turned into cash, either within the year (current assets) or in more than one year (long-term assets) and on the right there are liabilities (avere), which list where the company got the money to produce or sell their products, divided in current liabilities to be paid within the year, long-term liabilities to be paid in more than one year and shareholders’ equity which are claims by the owner. The total has to always be equal. ASSETS = LIABILITIES + SHAREHOLDERS’ EQ.
balance sheet
A firm’s strategy are the ______ that managers take to attain the goals of the firm. It is needed to increase profitability, which can be shown in different ways: ROA = RETURN OF ASSETS = EARNINGS / ASSETS ROE = RETURN ON EQUITY = EARNING / EQUITY ROS = RETURN ON SALES = EARNING / REVENUES There are two basics business strategies: cost leadership strategy is a business model that focuses on reducing the cost of production and offering the lowest priced products to outperform competitors and gain market share (selling high values products at a low budget); and the differentiation strategy is the way in which you make your firm stand out from otherwise similar competitors in the marketplace. Usually, it involves highlighting a meaningful difference between you and your competitors. And that difference must be valued by your potential clients.
actions
Financial ______s are ______ of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period. There are various financial ______s, like the balance sheet. The Balance sheet a ______ of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
statement
They both ______ profitability, by returning investments through lowering costs and increasing margins, and ______ profitability growth, by increasing profitability growth through increasing sales in a given market (market share) and operating in new markets (internationalization).
increase
A firm’s strategy are the actions that ______ take to attain the goals of the firm. It is needed to increase profitability, which can be shown in different ways: ROA = RETURN OF ASSETS = EARNINGS / ASSETS ROE = RETURN ON EQUITY = EARNING / EQUITY ROS = RETURN ON SALES = EARNING / REVENUES There are two basics business strategies: cost leadership strategy is a business model that focuses on reducing the cost of production and offering the lowest priced products to outperform competitors and gain market share (selling high values products at a low budget); and the differentiation strategy is the way in which you make your firm stand out from otherwise similar competitors in the marketplace. Usually, it involves highlighting a meaningful difference between you and your competitors. And that difference must be valued by your potential clients.
managers
There are ______ financial statements, like the balance sheet. The Balance sheet a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period. The balance sheet in which on the left there are assets (dare), the things the company owns and uses to create the product and be turned into cash, either within the year (current assets) or in more than one year (long-term assets) and on the right there are liabilities (avere), which list where the company got the money to produce or sell their products, divided in current liabilities to be paid within the year, long-term liabilities to be paid in more than one year and shareholders’ equity which are claims by the owner. The total has to always be equal. ASSETS = LIABILITIES + SHAREHOLDERS’ EQ.
various
The Balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period. The balance sheet in which on the ______ there are assets (dare), the things the company owns and uses to create the product and be turned into cash, either within the year (current assets) or in more than one year (long-term assets) and on the right there are liabilities (avere), which list where the company got the money to produce or sell their products, divided in current liabilities to be paid within the year, long-term liabilities to be paid in more than one year and shareholders’ equity which are claims by the owner. The total has to always be equal. ASSETS = LIABILITIES + SHAREHOLDERS’ EQ.
left
A firm’s strategy are the actions that managers take to attain the goals of the firm. It is needed to ______ profitability, which can be shown in different ways: ROA = RETURN OF ASSETS = EARNINGS / ASSETS ROE = RETURN ON EQUITY = EARNING / EQUITY ROS = RETURN ON SALES = EARNING / REVENUES There are two basics business strategies: cost leadership strategy is a business model that focuses on reducing the cost of production and offering the lowest priced products to outperform competitors and gain market share (selling high values products at a low budget); and the differentiation strategy is the way in which you make your firm stand out from otherwise similar competitors in the marketplace. Usually, it involves highlighting a meaningful difference between you and your competitors. And that difference must be valued by your potential clients.
increase
They both increase profitability, by returning investments through ______ costs and increasing margins, and increase profitability growth, by increasing profitability growth through increasing sales in a given market (market share) and operating in new markets (internationalization).
lowering
Match the following terms with their definitions:
Corporate strategy = Long-term plan for gaining competitive advantage Balance sheet = Statement of assets, liabilities, and capital at a particular point in time Shareholders = Owners of the firm who receive profits Strategies = Actions taken by managers to attain firm's goals
Match the following business strategies with their descriptions:
Cost leadership strategy = Focuses on reducing production costs and offering lowest priced products Differentiation strategy = Makes the firm stand out from similar competitors in the marketplace Non-related diversification = Diversification strategy exemplified by Apple Related diversification = Diversification strategy exemplified by Samsung
Match the following financial terms with their explanations:
Assets = Things owned by the company to create products or be turned into cash Liabilities = List of where the company got money to produce or sell products Shareholders’ equity = Claims by the owner of the company Financial statements = Details the balance of income and expenditure over a period
Match the following profitability metrics with their calculations:
ROA (Return on Assets) = Earnings divided by Assets ROE (Return on Equity) = Earnings divided by Equity ROS (Return on Sales) = Earnings divided by Revenues Profitability growth = Increasing sales in a given market and operating in new markets
Match the following financial ratios with their definitions:
ROA = Return on Assets ROE = Return on Equity ROS = Return on Sales Earnings / Assets = ROA
Match the following business strategies with their descriptions:
Cost leadership strategy = Focuses on reducing the cost of production and offering the lowest priced products to outperform competitors Differentiation strategy = Involves highlighting a meaningful difference between the firm and its competitors, valued by potential clients Non-diversified strategy = Evident in companies like Apple Related diversification strategy = Evident in companies like Samsung
Match the following terms with their explanations:
Assets = Things the company owns and uses to create products, can be turned into cash within or beyond a year Liabilities = List where the company got the money to produce or sell their products, including current and long-term obligations Shareholders’ equity = Claims by the owner of the company Balance sheet = Statement of the assets, liabilities, and capital of a business at a particular point in time
Match the following profitability concepts with their descriptions:
Increasing profitability growth = Achieved through increasing sales in a given market (market share) and operating in new markets (internationalization) Cost reduction = Method to increase profitability by lowering costs and increasing margins Profitability ratios = ROA, ROE, ROS are examples used to show profitability in different ways Differentiation strategy = A method to make a firm stand out from otherwise similar competitors in the marketplace
Match the following corporate diversification strategies with their examples:
Non-diversified strategy = Exemplified by Apple Related diversification strategy = Exemplified by Samsung Unrelated diversification strategy = Exemplified by Virgin (e.g., radio) Internationalization strategy =
Match the following financial statement components with their descriptions:
Current assets = Things owned by the company to be turned into cash within a year Long-term assets = Things owned by the company to be turned into cash in more than one year Current liabilities = Obligations to be paid within a year Shareholders’ equity = Claims by the owner of the company
Match the following terms with their roles in a company:
Shareholders = Own the firm and receive profits based on their number of shares Managers = Take actions to attain the goals of the firm, such as creating profits or maximizing shareholders’ value Legal entity distinct from its members and shareholders = Financial markets listed companies =
Match the following financial concepts with their explanations:
Financial statements = Balance sheet = Profitability growth = Corporate strategy =
Match the following components of a balance sheet with their definitions:
Assets = Liabilities + Shareholders’ equity = Assets (left side) = Liabilities (right side) = Shareholders’ equity (right side) =
This quiz covers the topic of international management for East Asia, focusing on companies and countries as examples of course content. It includes discussions on specific marketing strategies, company expansions, and macro-level characteristics that can lead to successful sales from the West to the East. The emphasis is on explaining why these cases are included in the international management course and describing their features.
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