Hot Dragon should be aware of its competitors' weaknesses, so it can use those to its advantage as much as possible. Companies that do not exploit competitors' weaknesses often get left behind, as this type of activity is something expected in the business world (Burkhart & Reuss, 1993; Fahey & Narayman, 1986)
By utilizing the power of the internet, Hot Dragon can stay focused on the customer and what he or she wants. That is an excellent way for a company to grow, without all the unnecessary trappings that many companies put upon themselves when they create brick-and-mortar locations (Haines, 2004; Pinson, 2004)
While that is unfortunate for the company, it keeps the competition strong in the marketplace for companies that are already established. They thrive on what they already have, and on not allowing new competition into the marketplace (Kono, 1994; Kotler, 1986)
It may think it is already doing that because it has a web page, but there is much more to the issue of technology than just cobbling together a website. The site should be designed the right way, easy to navigate, and really showcase what the company has to offer (Lorenzen, 2006; Mckeown, 2012)
Additionally, they will need to consider an email campaign. Marketing emails are not difficult to create, and they can be very valuable if they are sent out to the right people, in the right frequency, and with the right information (Mckeown, 2012; Olsen, 2012)
Of course, there is much more than just customer convenience to consider when choosing payment options. The options given to customers and used by the company have to be cost effective (Naisbitt, 1982; Siegel, Ford, & Bornstein, 1993)
Hot Dragon does not want that reputation to start out poorly or to be tainted from the very beginning, especially on social media. Integrating social media tools can expand the web presence of a business quite well, but only if that business takes the time to keep its social media accounts active (Olsen, 2012)
Part B B1. E-Commerce Solutions In order to make sure customers can pay for their purchases quickly and easily, any company that does business online needs to have a good, reliable, and safe payment platform (Pinson, 2004)
It is also true that in the modern world, capitalism is still about expansion and conquest to a large degree. Whereas capitalism was an exchange of goods between people when it was first envisioned and evolved into the case in which supply and demand were separated into understood properties, it has now become the case that people are valued based on the value they provide as consumers (Bauman, 2007)
The community idea of Gibson-Graham is that companies will become more interested in the people that buy their products and the place where they operate than the numbers they generate. This idea has caught hold in that "Even mainstream economic policy has become interested in promoting social entrepreneurship in which nonprofit enterprises provide social services at affordable rates and commit to employing community members who are excluded from the larger economy" (Gibson-Graham, 2006)
Cultural Considerations Another significant factor affecting corporate strategy from an international expansion and globalization context is the need to plan for cultural variations within organizations and with suppliers, buyers, and partners. One of the most commonly used frameworks for accomplishing this is the Cultural Dimensions Model (Hofstede, 1993)
The fact that market leaders in the high tech industry are using global factories as innovation centers, as Hewlett-Packard is doing today illustrates this point (Fedrows, 1997). This aspect of globalization is also significantly changing the role of competitive strategy in local and global markets, as value chains are being significantly changed as a result (Porter, 1986)
These decisions of business model structure are predicated in part on the cultural variations of the foreign country to an organizations' home nation as well. Cultural variations between regions also lead more to distrust than trust and this is especially true when work is accelerated, assuming no cultural differences exist (Yeung, Selen, Zhang, Huo, 2009)
Airbus must study its competitors, such as Boeing, and also study the preferences of those in the Asian and European markets if it wishes to be competitive (Airbus, 2008). Passengers who are concerned about traveling risks will check out different aircraft and different airlines to look at safety records and see which type of plane and which airline might have the best safety record (Hinton, 2009)
6.0 Documentation Documentation provides proof of a physical process or activity (Brown, 2009)
¶ … Ceo: Determining Issues With the Expansion of Business Quality assurance and compliance are significant factors in starting and sustaining a successful business. Without these aspects, a business may experience internal or external risks that might negatively affect the business' future (Thareja, 2007)
Training must be ongoing, with a refreshment course for staff once a year. The training can be completed by management teams, with an annual training budget of twenty hours per staff member (Ward, 2011)
Andros was the first island to reject Themistokles' requests for money." (Herodotus VIII
Persian threats along with refusal of Sparta to offer help was what instigated the Greeks to consolidate their empire. (Kagan 31)
Considering all the various factors that can ensure a profitable expansion venture is an important part of the decision process. A recent report determined that "companies have more than enough data to tell them when, where and who is buying their product" (Neeley, Warnica, Lorinc, Castaldo, McCullough, Nowak, Toller, Beer, Evans, Melanson, Barmak, McCullough, Shufelt, 2013, p