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Question 2
Explain how Mitarai has integrated elements of American and Japanese culture in canon.
Answer should not be less than 500 words
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- Fujio Mitarai, Chairman and CEO of Canon has turned around Canon’s fortunes and multiplied its net profit since becoming chairman and CEO at this global camera, printer and photostat machine maker. Mitarai has made many changes in Canon that reflects his conscientiousness and openness to experience. To revitalise Canon he needed to take bold steps by shutting down weak businesses and divisions and pushing employees to find ways to cut costs and for rewarding employees for increasing sales and profitability. His openness to experience has served him well all his life. As a child who only knew the Japanese language and culture, he longed to go overseas. After a few years in Canon Japan, he transferred to Canon New York where he served for 23 years, building the camera and copier business for canon in USA. Mitarai’s openness to both the Japanese and the American ways of managing has led him to be role model for other executives and he has been named one of Business Week’s “Best Managers”.…Evaluate the leadership and innovativeness of Tesla company. Provide examples that support your view.Choose one from the following founder/CEO of known companies. 1. Howard Schults | Starbucks 2. Jeffrey Bezos | Amazon.com 3. Tadashi Yanai | Fast Retailing (Uniqlo) 4. Yang Yuanqing | Lenovo Guide Questions: a. Study the biography of your chosen founder/CEO. Include his childhood, if there is something significant, his interests, his education attainment, professional and career orientation, and other facts that might have contributed to the success he is enjoying now. b. Study the beginning of their company, the challenges it encountered through the years, and its journey toward success. c. From the management, result-driven, practical, and inspirational strategies implemented at his company, which struck you as something worth imitating? Give a short explanation of your answer.
- Explain the business-level strategies of Estee Lauder. Has this company used any ofthe business strategies we discussed (differentiation, cost leadership, first-mover advantage, or Blue Oceans)?If so, give a thorough explanation. How could they use these strategies to better themselves? Does innovation orentrepreneurship play a role or need to play a role to help move them forward? Explain.Shui Fabrics Ray Betzell, general manager for the past five years of a joint venture between Ohio-based Rocky River Industries and Shanghai Fabric LTd., was feeling caught in the middle these days. As he looked out over Shanghai’s modern gleaming skyline from his corner office, Ray knew his Chinese deputy general manager, Chiu Wai, couldn’t be more pleased withthe way things were going. Ten years ago, Rocky River had launched Shui Fabrics, a 50-50 joint venture between the US textile manufacturer and the Chinese company, to produce, dye and coat fabric for sale to both Chinese and international sportswear manufacturers. After many obstacles, considerable red tape, and several money-losing years, the joint venture was fulfilling Chiu Wai’s expectations – and that those of the local government and party officials who were keeping careful tabs on the enterprise – much more quickly than he’d anticipated. By providing jobs to close to 3,000 people, Shui was making a realcontribution to the…"We can rattle off Elon Musk's accomplishments in our sleep: co-founder of monetary giant PayPal; founder of Tesla, the electric car company that is literally changing the world; and founder of SpaceX, the company that is trying to take us out of this world and colonise another. We can also absentmindedly rattle off a stream of adjectives that describe him: innovator, leader, genius, visionary, futurist, entrepreneur." Analyse and discuss Elon Musk's characteristics that stands out as an entrepreneur of the 21st century based to his achievements.
- Four years back, Giant Organic entered the organic grocery market, and within a few years the company grow its business by having a few subsidiaries. Emphasizing on innovation. Mr. Hanif and three more shareholders have started to experience an exceptional growth of Giant Organic in the global market. Mr. Hanif will call for a meeting to introduce new investors who have a very strong financial background. The investors had an idea to add logistic service into business. Major changes will happen as well as revision in policy and procedure. Giant Organic want to introduce an innovative climate in the workplace. The company has added 150 global dealers throughout the year 2020, all replicating Giant Organic’s business model. The company will consider local staff to be assigned in different countries. Based on the above, answer the following question: Evaluate ONE (1) critical HR practice together with FOUR (4) justifications, that is significant for Giant Organic to successfully…1)How have the current cultural environment of our country shaped the way that companies are looking at their own corporate cultural standards? 2)What are the potential downfalls and positive influences of the “Netflix way”? 3)How does Netflix’s internal culture negatively or positively affect their ability to stay competitive and deliver cutting edge content?4. IBM and HP, two leaders in the industry have been doing very well in their high end computing business. But both were struggling with their PC business. Some other Pc manufacturers were taking the leads in market share. At certain point, two companies took two different strategies to handle the challenges. What did they do? How would you name the strategies they adopted? Discuss what corporate strategies companies implement when they aim for growth?
- Direction: As a future manager in the future given the scenario below how will you be able to solve the problem of shortage and surplus. Answer should contain at least 300 words. 1. Covid 19 is a virus than can affect our immune system. One of the thisthat the IATF encourages people to do to not get the virus is to use facemask as protection and use alcohol to fight germs whenever you areoutside the house. Being an entrepreneur what will you do if you areone of the sellers of this kinds of products such as facemasks, andalcohol whose supply is always out of stock. Will you take theopportunity to raise your price to gain more profit?The success of a company depends on how creativity and innovative the managers are and their ability to implement a business growth strategy that moves the organisation into a forward momentum outpacing the rivals in the business arena. It is now entrepreneurial lore that creativity and innovation is a must have trait for any corporate leader. However, there are many factors that hinder creativity and innovation. The success of a company can only be attained when these factors are overcome. Discuss the factors that hinder creativity and innovation and how they can be overcome.Source: www.Pinterest.com Еxplore! 1. In business, what does the picture suggest? 2. Is business similar to playing chess? Why? Why not? 3. Do you think you could only win the game by chances? 4. Is a strategic plan important in order for the products/services to succeed in the market place? Why? 5. In your opinion, how do you create a win-win situation despite of massive competition?