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The answer to Global Organization

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1. Examine of the different types of business plans of a global organization. (300 words)

2. Who would you invite to a meeting to discuss your organization's global expansion objectives? Why would you invite each participant? What would be your selection criteria? How would you setup the agenda for the meeting? (200 words)

3. What ethical factors may affect the choice of countries in which to develop your organization? How might these factors affect your mode of entry into a country? If the target country has different ethical perspectives than your own ethical perspectives, how might these perspectives affect your expansion objectives and mode of entry decisions to enter this country? (200 words)

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1. Examine of the different types of business plans of a global organization. (300 words)

A global organization can pursue different type of business plans or in other words, chose different mode of entry to conduct business in nations across the world. One of the most popular form of doing business in other countries is exporting. Global organizations exploit market opportunities in other countries across the world by directly exporting to customers across the world, without setting up any offshore subsidiaries or offices in different countries. This is one of the most simplest, safe and cost effective form of doing business in global markets.

Another popular business plan is setting up wholly owned subsidiaries in countries across the world. Global business organizations set up wholly owned subsidiaries in foreign nations either to set up manufacturing units to take advantage of low cost labor, etc. or to exploit market opportunities in that nation by setting up manufacturing or distribution office. Establishment of wholly owned subsidiaries can lead to substantial investments by the global corporation. Further, there are significant risks related to repatriation, taxes, socio-cultural and political risk associated with wholly owned subsidiaries.

Another form of business plan of global organization is setting up Joint Ventures with local partners in different countries across the world. JV allows global corporations to expand their presence by utilizing the knowledge, experience and infrastructure of local partners who have extensive presence in local markets and possess significant infrastructure, marketing and distribution presence. For example, retail companies expand their global presence by entering into JV with local retail chains.

Licensing is another strategy wherein global ...

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Statistics: Flat tire, missed class, Benford's Law, Global Warming, Helmet Color

Chapter 11, Section 2

Problem 8
Conduct the hypothesis test and provide the test statistic, critical value and/or P-value, and state the conclusion.

Flat Tire and Missed Class - A classic tale involves four carpooling students who missed a test and gave as an excuse a flat tire. On the makeup test, the instructor asked the students to identify the particular tire that went flat. If they really didn't have a flat tire, would they be able to identify the same tire? The author asked 41 other students to identify the tire they would select. The results are listed in the following table (except for one student who selected the spare). Use a 0.05 significance level to test the author's claim that the results fit a uniform distribution. What does the result suggest about the ability of the four students to select the same tire when they really didn't have a flat?

Tire Left front Right front Left rear Right rear
Number selected 11 15 8 6

Problem 24
Benford's Law - According to Benford's Law, a variety of different data sets include numbers with leading (first) digits that follow the distribution shown in the table below., test for goodness-of-fit with Benford's law.

Leading Digit 1 2 3 4 5 6 7 8 9
Benford's Law: 30.1% 17.6% 12.5% 9.7% 7.9% 6.7% 5.8% 5.1% 4.6%

Distribution of leading digits

Check amounts - In the trial of State of Arizona vs. Wayne James Nelson, the defendant was accused of issuing checks to a vendor that did not really exist. The amounts of the checks are listed below in order by row. When testing for goodness-of-fit with the proportions expected with Benford's law, it is necessary to combine categories because not all expected values are at least 5. Use one category with leading digits of 1, a second category with leading digits of 2, 3, 4, 5, and a third category with leading digits of 6, 7, 8, 9,. Using a 0.01 significance level, is there sufficient evidence to conclude that the leading digits on the checks do not conform to Benford's law?

$1,927.48 $27,902.31 $86,241.90 $72,117.46 $81,321.75 $97,473.96
$93,249.11 $89,658.16 $87,776.89 $92,105.83 $79,949.16 $87,602.93
$96,879.27 $91,806.47 $84,991.67 $90,831.83 $93,766.67 $88,336.72
$94,639.49 $83,709.26 $96,412.21 $88,432.86 $71,552.16

Chapter 11, Section3

Test the given Claim for problem 18 and problem 22

Problem 18
Global Warming Survey - A pew research poll was conducted to investigate opinions about global warming. The respondents who answered yes when asked if there is solid evidence that the earth is getting warmer were then asked to select a cause of global warming. The results for two age brackets are given in the table below. Use a 0.01 significance level to test the claim that the age bracket is independent of the choice for the cause of global warming.

Do respondents from both age brackets appear to agree, or is there a substantial difference?

Human activity Natural patterns Don't know or refused to answer
Under 30 108 41 7
65 and over 121 71 43

Problem 22
Injuries and Motorcycle Helmet Color - A case-control (ore retrospective) study was conducted to investigate a relationship between the colors of helmets worn by motorcycle drivers and whether they are injured or killed in a crash. Results are given in the table below (based on data from "Motorcycle Rider Conspicuity and Crash Related Injury: Case-Control Study," by Wells, et al., BMJ USA, Vol. 4). Test the claim that injuries are independent of helmet color. Should motorcycle drivers choose helmets with a particular color? If so, which color appears best?
Color of Helmet
Black White Yellow/Orange Red Blue
Controls (not injured) 491 377 31 170 55
Cases (injured or killed) 213 112 8 70 26

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