Strategy Development In The Global Automotive Industry Essay

Strategy Development In The Global Automotive Industry - Essay Example Modern technology has made it easier to manage and expand businesses, without even moving out of your office. As the world is getting smaller, markets are getting bigger! Every industry is witnessing mergers, acquisitions, a foray into new and emerging markets and a boost in sales and profits. The customer has never had it so good! Competition on a global basis has resulted in reduced costs, better quality, improved responsiveness and excellent customer service for any product. The automobile industry is a classic example to demonstrate this phenomenon. Let us take the examples of two automobile companies: Daimler Chrysler and Honda and examine how globalization has affected the operations of these two companies. In 1998, US-based Chrysler Corp. merged with German automaker Daimler-Benz (1926-1998) of Stuttgart, Germany in a deal that was expected to reshape the auto industry. The deal created a new entity, DaimlerChrysler, which was the highest revenue earner in Germany. The best of technology, safety and comfort in automobiles came together to create the world's best known car company. With the merger, it was thought that Chrysler would have a better access to the European market, while Mercedes parent Daimler-Benz would gain a bigger foothold in the American market. This also gave a chance to both companies to reduce costs. Against globalization According to the article "The DaimlerChrysler Merger" submitted at Tuck School of Business, Dartmouth, http://mba.tuck.dartmouth.edu/pdf/2002-1-0071.pdf , accessed 5th May,2008, "In 2001, three years after a "merger of equals" with Daimler-Benz, the outlook is much bleaker. The financial data is sobering: Chrysler Group is on track to hemorrhage $3 billion this year, its U.S. market share has sunk to 14%, earnings have slid by 20%, and the once independent company has been fully subordinated to Stuttgart4. Its key revenue generators - the minivan, the Jeep SUV, and the supercharged pickup truck - have all come under heavy competition from Toyota, Honda, General Motors and Ford. Chrysler continues to make few passenger cars of note, save the Neon and limited-release Viper and Prowler." Competition from Toyota According to Premium Brand Analysis http://www.pwc.com/extweb/industry.nsf/docid/ccd6ae64aad8ea31802570d90035614e/$file/wylie_stbildagen07.pdf,accessed on 5th May,2008, "In the EU, European Premium brands have attained - and maintained - a position of dominance in the Premium market space. European Premium leads the way, in the USA, but others maybe catching up fast. In the USA, European Premium brands have also grown, but have also faced competition from Asian brands. US Premium segment is also targeted by Japanese Premium brands (Lexus, Infinti and Acura), which collectively held 3.8% of the market in 2005" Competition from Asian bigwigs like Toyota is definitely eating into Daimler Chrysler's profit margins across the globe. People today have a choice between a pricier, classy Mercedes and an equally efficient, dependable, but much more economical Toyota! Company : Honda For Globalization Through globalization, even small and mid-sized

Policing and the Bill of Rights Essay Example | Topics and Well Written Essays - 1250 words

Policing and the Bill of Rights - Essay Example Moreover, policing amendments are persuaded if someone is taken into custody on the basis of origin, religion, and race etc. Police are boosted to sustain a balance between flexibility and security that the government has formed. United States has historic put more heaviness on the edge of flexibility and has been recounted as a trial in organized liberty (Keenan 10-108). It has been shown that the policeman play a centered function in the achievement of this trial, and thus, it is furthermore a trial the U.S. government in regulation enforcement and peacekeeping. One of the biggest examples of warrantless search and tracing phone calls is â€Å"Water Gate scandal†. The secret agents, with the powers of fourth amendment of constitution, had captured the ill elements used in elections. By this action, the politicians, who use the evil tricks to win election, get the lesson. The IV amendment is defined as: â€Å"The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized†. From all â€Å"search and seizures† will not be contravened by warrants handed out without origin likelihood. It is sustained by oath or pledge or not as recounted the location to be sought or the individuals. It is described from managing assembly with the premeditated exception was amended on the talks. It is distributing almost equal to the all kind of people. And the amendment was launched to double-check and it would be managed by a preliminary committee. Couple of alterations denied to be integrated into the dialect of the part of the dwelling and the dialect of the legal provision was ratified. As the amendment documented, the argument over the â€Å"search and