Essays on Cronk

Introduction

Attending the course of Introduction to International Market, I believe that it helped me to improve my understanding and thoughts about the international business and its nature. My knowledge has significantly been increased about globalization with the help of this course. In reviewing my course, learning, readings and tutorial questions, I have found that Globalization around the world remained the major issue throughout the course to understand its role and impact on the international business. Although, the course discussed globalization in different perspectives such as its impacts, consequences, debates, etc, however, the issue of key drivers of globalization and ...

Over the past decades, the labor force in many nations has encountered drastic changes. An example can be drawn from the U.S. that has experienced a significant decline in the blue-collar jobs. The blue-collar work facilitated the employment of people with minimal skills and education. They worked in the manufacturing industries and earned a meager but honest living. However, with the onset of technology and globalization, the employment opportunities for the low-skilled laborers have reduced leaving many without sources of income. This essay looks at the changing patterns of labor from blue-collar to white-collar jobs and their effects. Recent ...

Voltaire identifies various flaws in the society that he lived. The scenario in the Voltaire’s world is analogous to the situation in the modern society. In his book, Voltaire highlights the problems in his society. He uses satire to express his discomfort about various issues in his society. The paper highlights how Voltaire’s approach of the use of satire can successfully be employed in building a better future. The paper suggests the plot of the book, which Voltaire would most likely write in today’s world. Essentially, the paper highlights how Voltaire would present these issues ...

Making gifts is considered to be only as an act of respect. However, in modern world gifting can be explained through sociological and cultural approaches. Interest to a gift as a research subject was first raised in the anthropology. Other social sciences have traditionally concentrated on the elements of the macrostructure (political and economic system, class structure, international relations). The main content of their research was a political struggle, the war, the general development of the economy. However, anthropologists since XIX century actively studied the life of traditional communities, tribes in the wilds of Africa or on remote islands from all over ...

Question one: Strategic profit model for Wal-Mart and Tiffany

Figure 1: Strategic Profit Model for Wal-Mart Figure 2: Strategic Profit model for Tiffany in 2009

Comparison between strategic profit models for the two organizations

Question two: Gross margin percentage = Gross marginNet sales Wal-Mart: $95,086$401,200 = 23.7% Tiffany: $1,530$2,709 = 56.5% Expenses-to-sales ratio = Total ExpensesNet sales Wal-Mart: 78461401244 = 0.1955 Tiffany: 11442709 = 0.422 Net profit margin after taxes = Net Profit (After taxes)Net Sales Wal-Mart: 10939401244 = 2.72% Tiffany: 2622709 = 9.6% Inventory turnover = Cost of goods soldAverage inventory Wal-Mart: 30615834511 = 8.871 Tiffany: 11791427 = 0.8262 Asset turnover = Net Sales Total Assets Wal-Mart: ...

Business Globalization

Introduction Globalization can be defined as the process if interaction and integration of people, organizations and the governments of diverse countries. Globalization is mainly attributed to international trade and global investment, which have been facilitated by information technology such as the advent of the internet and fast data communications (Hill & Cronk, 2010). In the business context, globalization serves to eliminate the variations that exist within the global economy, which implies that global trade is conducted on a universal platform. The concept of globalization is not new to business environment. This business-economic event influence many concerns and issues to the ...