International Business - Bicycles and Economy Essay

International Business - Bicycles and Economy - Essay Example The era which was about providing a core product to the customer has gone far behind, also the era of providing the actual product has merely ended, and customers now have more willingness to get the augmented product, which means few frills attached services along with the product as well. Keeping the customer's preferences, likes and dislike, the launch of a cycle would not be that unusual, but the idea is to prepare a plan that could lead to success in various countries. The country selection for the launch of our product is a critical decision, one cannot simply expect to have our product launched in any country and yet it remains a successful launch. Bicycles are common modes of transportations used worldwide specially by students and also people who love racing on bicycles, therefore neither a small country can help us launching our product, nor a big country having a lot of poverty in it can. We all have to think keeping the nature of product and nature of market in the mind. "As the world's economies become more integrated and international business becomes more globalized, the nature of international business management concerns changes as well. New areas of international business research have arisen that could not even have been imagined by observers twenty-five years ago"(Ricks, Wright 687, Vol 25: 1994). The product now has to be la... ntries in which it could gain some market, according to the visual analyses, which should be very accurate, the three countries in which the product should be launched are, United Kingdom, Australia and South Africa. The reason of not launching the product in the countries that are below poverty line is simple, we cannot expect those countries to use our product that are having much lower class which is using cycles that are just serving as a core product, due to poverty these countries might not have been able to afford our product, and also there is a good competition in such countries with their privately made bicycles which people over there are use to. There are however different sort of issues in launching the product in the above mentioned three countries but yet the reward is likely to be fruitful, as these countries serve as a base to make the product well known through out the world and sooner if launching would be successful in these three countries then the product is going to be launched internationally and we are likely to have more contracts from the other countries as well. The most prominent reasons for launching the product in these three countries are that, the people living there are mostly on foot and students use bicycles for traveling short distances, also racing is another feature of these countries, cycles are used commonly in having races there. The other reasons for launching the product in these countries might be related to the economy and living standards, as I have earlier mentioned that our product would not be launched in the countries that are below poverty line, so launching them in much stable countri es is a very good options. It is difficult to say that the economies of these three countries would be anymore disturbed by our

Company Law Coursework Example | Topics and Well Written Essays - 2000 words

Company Law - Coursework Example Sale of DVD players can be impacted due to recycling old DVD players and hence investing in both the companies results in conflicts of interest. According to section 175, it is the duty of a director to avoid a situation in which his direct or indirect interest conflicts with the interest of the company in which he is already a director. It is not an infringement if the situation is not likely to give rise to conflict of interest or if the investment is already authorised by the board. In the new Act, shareholders’ approval of the conflict of interest is required either by resolution or by Articles. 2,3. In Boardman v Phipps4. the defendant had acquired special knowledge by virtue of being his solicitor and abused it for his personal benefit along with another. Held that as a fiduciary, he should have avoided conflict of interest. In Peso Silver Mines Ltd. v. Cropper,5 a leading Canadian case law involved conflict of interest arising out of fiduciary duty, the defendant took a dvantage of a rejected business opportunity by the plaintiff and utilised it for his personal benefit along with others. ... he resigned from the plaintiff company and secured the contract meant for plaintiff company in the name of his newly formed company.8 Another relevant case is Bhullar v Bhullar 9 wherein the principle of directors avoiding conflict of interest has been upheld. It was held that failure to pass information to the company about a business opportunity and utilising it for personal benefit amounted to breach of duty against conflict of interest. This put to rest the decision in London and Mashonaland Exploration Co v New Mashonaland Exploration Co10 that â€Å"directors did not have a duty not to place themselves in a position of conflict†11. In Plus Group Ltd v Pyke12, it was held that it was not a breach of fiduciary duty to work for a competing company as he had been effectively excluded from the company of which he continued to be a director. 13 A codification of common law, section 175 can apply to multiple directorships apart from exploitation of property, information or busi ness opportunity a director is able to access by virtue of his position. The director’s duty to inform conflict of interest cases even if the company or the directors are not interested in them. This statutory duty is not breached if already authorized by the company in the prescribed manner. Originally shareholder could only authorize such a conflict of interest. Now under the statute, in the case of a private limited company, it can be authorized by other directors who have no conflict of interest in the particular matter, provided the company’s articles also permit. In the case of a public limited company the non-conflicted directors can authorise provided the articles specifically permit it. If all the directors are conflicted, then shareholders’ approval will be required. This duty came