Business and Commercial Law - Free Essay Example

Sample details Pages: 4 Words: 1096 Downloads: 9 Date added: 2017/06/26 Category Law Essay Type Narrative essay Did you like this example? Group Project: Business and Commercial Law Contents Part: 1 Part: 2: Brief About the Company: Objective and business activities of the Company: Capitalisation: Competitor: Comparison: Conclusion: Part: 3 Restriction on employment of minor and woman: References: Don’t waste time! Our writers will create an original "Business and Commercial Law" essay for you Create order Part: 1 Name of the Company: Emaar Properties PJSC Part: 2: Brief About the Company: Emaar is a Dubai based Public Joint Stock Company. The company is a listed company in Dubai Finanacial Market. The company is property developer with global presence. Since inception of the company since 1997, the company has been involved in development of property all over Dubai and has changed the landscape of property development in Dubai. Emaar developed Burj Khalifa, the tallest building on earth (Emaar, 2014). Objective and business activities of the Company: The objective of the company is to develop world class properties world-wide. The iconic real-estate company created value-added and master- planned communities all over the world. The company has the capacity to meet full spectrum of life style needs of the resident. The company has the capacity to develop shopping mall, retail and in hospitality business. The company has already developed 37,350 residential units all over the world. The company has also developed 6,93,000 sq. ft. of international market. The company has strong fundamental and has got assets over AED 62.8 billion, i.e. $17 billion. The land bank of the company is massive 232 million Sq. meters. In the international market it has 6,90,000 square meters of recurring revenue generation assets. The assets include hotel, malls and over 1900 rooms. In 2013 the company made profit of AED 2.568 billion i.e. $699 million. The annual revenue of the company in 2013 is AED 10.328 billion i.e. $ 2.812 billion. The company is b uilding its strong financial on the growth of Dubai economy. Emaar recorded a net profit of AED 1.731 billion i.e. $471 million (Zawya, 2014). In the first six months of 2014 the company has revenue of $5.063 billion. Out of the total revenue Emaarà ¢Ã¢â€š ¬Ã¢â€ž ¢s mall, retail, hospitality and leisure business contributed AED 5.063 billion. There are several projects underway for Emaar. The most highlighted project of Emaar is the integrated lifestyle destination on 500 acre area of AED 73 billion i.e. $20 billion (Business, 2014). Capitalisation: The market cap or market capitalisation of the company is AED 51,764.91 million. The minority shareholder interest in the company is AED 190.77 million. Competitor: The main competitor of Emaar is Nakheel Properties. The property developer is based in Dubai. The company is not a listed company. The performance of the company is not at all robust in terms of total revenue. In 2012 the company announced 2.02 billion dirhams, i.e. $550 million. The Nakheel property announced that in 2013 it will complete 3000 retail residential units. Comparison: The comparison of Emaar and Nakheel would be unhealthy. Both the property developer are dominant player in Dubai Real Estate market but the in terms of revenue and profit and scope of business Emaar is far ahead than Nakheel properties. Emaar has already announced development several new projects in Dubai, like Address Residence Sky View; Burj Vista; Boulevard Point, BLVD Crescent and BLVD Heights; and Vida Residence Downtown Dubai à ¢Ã¢â€š ¬Ã¢â‚¬Å" all in Downtown Dubai; The Hills and Vida Residence in Emirates Living; and Palma, Rosa, Rasha, Lila, Yasmin, Samara and Aseel villa communities in Arabian Ranches. The company has presence all over the world. The market for Emaar is spanning in different regions. The company has already established its shop in various countries United Arab Emirates, Saudi Arabia, Syria, Jordan, Lebanon, Egypt, Morocco, India, Pakistan, Turkey, USA, Italy and Canada. Conclusion: The company is one of the largest real estate companies in Dubai. Apart from being a listed company in Dubai the company has plans to list its subsidiary in India. The company is in expansion mode all over the world. Emaar has put in place its plan to increase its operations in various parts of the world. Part: 3 Restriction on employment of minor and woman: According to UAE labour law the employment of juvenile under the age 15 is prohibited. Before employing a juvenile the employer has to make sure that all the relevant information and documents of the juvenile is recorded properly in the name of the Juvenile. The list of documents includes birth certificate issued by the concerned authority. The certificate of physical fitness is also to be provided to the employer. The written consent from the guardian of the juvenile has to be secured before employing the juvenile. The employment of the juvenile is prohibited under some circumstances of employment, like at night at industrial undertaking, jobs which are harmful to health, where the working hours exceeds six hours a day and working in holiday (Law, 2014). The women are not allowed to work at the hazardous industry where they can have serious health constraints. The facilities provided to women in work force are not according to international standard. The maternity leave for wom en workers is 45 days (CEDAW, 2010). They article 33 of labour law of UAE says that the maternity leave will be allowed to the woman employee employed for more than one year in the same company. If in case the woman candidate is employed for less than one year in an organisation the woman employee will be paid half of her remuneration during 45 days period. The act is silent about the counting of 45 days leave, whether it is calendar days or working days. The International Labour Organisations Maternity Protection Convention No.183 of 2000 clearly recommended that women shall be allowed 14 weeks of maternity leave by the employers. The UAE labour laws are not consistent with the international standard at all. The UAE maternity leave allowance is more than 50% lower compared to international standard. The breast feeding break for the woman is not consistent with the international standard and the miscarriage leave is not at all considered under UAE laws (Sadek, 2012). References: Business. (2014). Emaar Properties UAE. Retrieved from arabianbusiness: https://www.arabianbusiness.com/companies/emaar-properties-uae-66430.html CEDAW. (2010). Womens Rights in the United Arab Emirates (UAE). Retrieved from https://www.fidh.org/IMG/pdf/UAE_summaryreport_for_CEDAW.pdf Emaar. (2014). The pioneer of master-planned communities in Dubai. Retrieved from Emaar: https://www.emaar.com/en/who-we-are/ Law. (2014). UAE Labor Law. Retrieved from https://uaelaborlaw: https://uaelaborlaw.com/ Sadek, I. (2012, June 28). United Arab Emirates: Maternity And Paternity Rights In The UAE Private Sector. Retrieved from mondaq: https://www.mondaq.com/x/183950/employee rights labour relations/Maternity And Paternity Rights In The UAE Private Sector Zawya. (2014, October 29). Emaar records 37% growth in net operating profit to AED 2.489 billion (US$ 678 million) in first 9 months of 2014. UAE. Retrieved from https://www.zawya.com/story/Emaar_records_37_growth_in_net_operat ing_profit_to_AED_2489_billion_US_678_million_in_first_9_months_of_2014-ZAWYA20141029113926/

Cinemex Case Study - 821 Words

a) The opportunities that made Cinemex’s success possible was: - The collapse of the Mexico economy allowed the owners to buy land at a cheaper price, and also help run off competitors - Since all theater had the same films, they focused on the quality of the theater as a form of differentiation (bigger and better screens, carpeting, emergency lights on floors, attractive marquees), while this was standard in the USA, this was new to Mexico - Candy shops were located in the complex, and employees were trained to be polite and provide quick service - Cinemex was the 1st movie chain to allow customers to purchase and reserve their tickets by the web and their phones - Only chain that had 100% digital sound *While these opportunities†¦show more content†¦I would assume that even if his attendance increased, he was offering a lower price so he wouldn’t be bringing in as much money to increase the total revenue, along with the price of tickets dropping I would assume that his revenue dropped. d) The 2 for 1 deal would be better for exhibitors than a straight reduction in price, because with the deal you are able to double the attendance which allows consumers to see more of what you have to offer. Consumers are always looking for a bargain, so a 2 for 1 deal will appeal to the customer more than a reduction in price, as they perceive that they are getting more than what they are paying for. Consumers will feel as if they are saving money, which may help increase sales in refreshments. e) I believe that matching the 2 for 1 deal, was not in the best interest of Cinemex. While it did help boost attendance, Heyman is cutting the prices of the tickets drastically since implementing which in turn cuts down his revenue. Even after his competitors initiated the sale, Weeks 27 – Week 34, Cinemex showed a steady increase in attendance before even implementing the 2 for 1 deal. There are so many outside factors that can help determine the attendance at a movie theater (ex.popularity of films, weather, location, time of year). With the special, more consumers will attend the movies on a Wednesday when they are receiving the deal, which slows down your revenue for the remainder of the week. While Cinemex is

The Natural Step Assignment

Questions: What are the general environmental forces impacting Nike? Use a model to assist in your analysis? How strong are the competitive forces in the movie rental marketplace? Do five-forces analysis to support your answer. What forces are driving changes in the sports shoe industry? Are the combined impacts of these driving forces likely to be favorable or unfavorable in term of their effects on competitive intensity and future industry profitability? Using an appropriate model explain Nikes strengths and weaknesses. Evaluate capabilities that will give the organization sustainable competitive advantage. What key factors will determine the companys success in the sports shoe industry in the next 3-5 years? What is Nikes strategy? Which of the five generic competitive strategies fit the competitive approach that Nike is taking? What type of competitive advantage is Nike trying to achieve? What does a SWOT analysis of Nike reveal about the overall attractiveness of its situation? What 2-3 top priority issues does Nike management need to address What recommendations would you make to Nikes CEO? At a minimum, your recommendations should cover what to do about each of the top priority issues identified in question 9. Answers: What are the general environmental forces impacting Nike? Use a model to assist in your analysis. The general environment forces which impact NIKE are the External Factors and Threats Market (Customers):- Understanding the needs and preferences of the customers. The socio cultural factors of the customers also affect the production and the working of NIKE (McCarthey, 1997) Competition: - It is very important for the organization to understand the working of the competition. The market size, market share, Branding of the product, quality that the competition uses and the strategy which they use to sale their product in the market. (David Hunger Thomas. L. Wheelen, 2011) Technology: - The technology which should be used in the manufacturing of the product is very important. It is essential to know that whether the company uses the latest and the new technologies for the same. (McCarthey, 1997) Labor Market: - It is essential for the organization to acquire satisfied and talented employees who are aware about the working and the also have the understanding about the manufacturing of the products. The economy: - The economic conditions of the country can affect the condition of the organization. It is essential to know the recession condition of the country or it is a boon for the country. This is directly proportional with the progress for the organization. (Bond, Smith,1996) How strong are the competitive forces in the movie rental marketplace? Do five-forces analysis to support your answer. The competitive forces which affect the business can be described with the above diagram. The major 5 components of the forces are 1. Barriers to Entry Barriers to Entry are the factor which shows the difficulty for any new upcoming brand to enter the market. The various factors which affect the barriers to entry are as bellow:- Time and cost of Entry Time and cost of entry for any product is very important. If the entry of the product in the market is done when there is already much similar type of products in the market as a competitor. (McCarthey, 1997) The cost of the product should be compared with the other products in the market. The time and cost of the product while launching the market should be perfect and matching the competition and the market required. If the time and the cost of the product goes wrong it will never be a success. Knowledge Knowledge of the product should be studied in a detailed manner. It is important to understand the all the factors affecting the growth and success of the product (David Hunger Thomas. L. Wheelen, 2011) Cost Advantage Cost Advantage of the product means the cost of the product and what advantage can it provide to the customers in the market. (McCarthey, 1997)It is very essential to fix an appropriate cost for the product so that it proves to be an advantage for the company. Technology The technology used to manufacture the new product should be the latest and the new technology. (David Hunger Thomas. L. Wheelen, 2011) If the technology is not updated it will affect the manufacturing as well as the flow of the product sale. 2. Buyers Buyers are the people who play a vital role in the organization history. It is important to have a good amount of buyers in the market; it is also important that they are brand loyal and will continue to use the same product. (Bond, Smith,1996) Number of Customers Numbers of customers in the market decide the growth of the product. It is essential to have a right group of buyers which will create an image for the product in the market. (McCarthey, 1997) The increasing number of customers will help in the growth of the company. Buying Volumes Buying volumes are the customers who help in the retail and wholesale nature of the business. (David Hunger Thomas. L. Wheelen, 2011) It is necessary for the organization to understand who will do the bulk selling of the product for the organization. Differentiation Differentiation should be created in the product which will help the customer to understand that your product is different from the other product. (Bond, Smith,1996)Differentiation strategy is the best strategy that can be used by the company while entering in the market. Price Elasticity Price elasticity means how price elastic can the product be. (David Hunger Thomas. L. Wheelen, 2011) It is necessary to understand how much a price can be stretch for the buyer. Switching costs Switching cost is the cost which decides the cost of the product when the customer switches its choice from one product to another product. 3. Suppliers Number of Suppliers Number of suppliers is the people who will help the product to reach the correct market. When a product is new it is necessary to supply the product in the right market so as to ensure that the customers are aware about the new product entry. (David Hunger Thomas. L. Wheelen, 2011) Size of Suppliers Size of suppliers means how big is the supplier and how can he take risk of keeping the stock of the new product with him. (McCarthey, 1997) This will decide how big his reach in the market is and how wide can he make the product reach. Ability to substitute Ability to substitute means the ability of the new product to create a substitute in the minds of the customers. (David Hunger Thomas. L. Wheelen, 2011) It is necessary for the new product to understand the requirement and the expectations of the customer and to react accordingly. Unique Service When a new product is launch it is very important that the company provides unique service to the customers with their new product. This will help in creating difference in the minds of customer. (Bond, Smith,1996) Unique service will also include free home delivery service, or cash on delivery etc. 4. Competitive Rivalry Competitive rivalry means competition creating a difference and a rivalry against your product in the market. Number of competitors Number of competitors will decide the strength of the competitive rivalry. It is necessary to understand how strong our competitive and how the competitive rivalry will affect their organization are. (Bond, Smith, 1996) Exit barriers Exit barriers means if a company decides to shut down what will be the difficulties that they will have to face during exit. This will include the machinery cost, the cost invested in the manufactured goods etc. Industry concentration Industry concentration means how the industry concentrates on new product and one product for its success. (Bond, Smith,1996)It is important to understand the correct market where the demand rises for the product. The company should ensure that the market should never have shortage of the product. Diversity of competitors Diversity of competitors is a factor that shows how diversity of the competitor is affecting the growth of our product. 5. Substitutes Substitutes of the product are the other products which can take place of our product in case our product cannot fulfil the customers expectations. In case of sport shows if NIKE is unable in certain market or it proves to be a default there are many other products like Reebok, puma etc. who can be a substitute for NIKE. (Bond, Smith, 1996) Substitute Performance A customer uses a substitute in case the current product cannot be available, the substitute performance will decide whether the customer wants to continue with the substitute product or want to come back with the previous product. Cost of switching Buyer willingness What forces are driving changes in the sports shoe industry? Are the combined impacts of these driving forces likely to be favorable or unfavorable in term of their effects on competitive intensity and future industry profitability? Using an appropriate model explain Nikes strengths and weaknesses. Evaluate capabilities that will give the organization sustainable competitive advantage. What key factors will determine the companys success in the sports shoe industry in the next 3-5 years? SWOT Analysis The business model describes how the organization will operate in creating, communication and delivering the value to the end consumers in order to achieve organizational objectives. The business model gives detailed description about different organizational operations. It describes about companys mission and vision, financial planning along with different financial parameters description and sources of funds, technologies used, marketing mix strategies, product details and services offered and about the future plans. (Bond, Smith,1996)It also provides detailed information about the business environment in which the firms operates and analysis of the competition in industry along with their core competence and their competitive strategies. Strengths Loyal Customers The main strength of the NIKE customers is they are brand loyal. The customers of NIKE tend to stay with NIKE for a long time and are satisfied customers. High level of awareness The customers of NIKE are aware about the new product range and are always updated about the discounts or offers which are carried out by the NIKE outlets. Weakness Exclusive of sports NIKE is exclusive of sportswear, they include sports shoes, sport accessories etc. But according to my study they should exclusively remain for sports because they will lose their identity if they try to expand their range outside sports. Prices Prices of NIKE are a bit at a higher range. This should come down a bit so that they acquire middle class crowd also. (Bond, Smith,1996)They should of decrease the price too much because if they do so even the lower class people will start using so and the brand will get affected. If they want to spread their range at the ground level they can do it with certain products and see the response before doing it for all the products. What is Nikes strategy? Which of the five generic competitive strategies fit the competitive approach that Nike is taking? What type of competitive advantage is Nike trying to achieve? VRIO Strategic Management and diversification basically relates to how an organisation works on developing its strategies and try to improve the status as well as profitability of the organisation. (McCarthey, 1997) Strategic management helps to understand the business and in which aspects the business should involve changes. It is very important for the business to change according to the upgrading market and change the product accordingly. (David Hunger Thomas. L. Wheelen, 2011) Diversification is a type of strategy which involves how the product can be diversified than the other product and features. It differentiates the product by adding new product features or by adding technology to it. Strategic management also focuses on research and development along with the other strategies. They involve focus strategy where the business is focus on a particular target market. Strategic management also helps to gain reputation in the market about the business and to gin customer loyalty. It a lso helps the business to understand how socially the business is important in terms of strategic decision making. Strategic management is basically strategy formulation; this is done both externally and internally to the organisation. (Bond, Smith,1996)Strategies are designed to improve the business performances with the help of external opportunities. It basically focuses on accepting the opportunities and decreasing the threats of the business. It also involves scanning of the environment and studying the changes happening in the environment so as to change our business prospects accordingly. (David Hunger Thomas. L. Wheelen, 2011) Corporate diversification includes the strategies which can capture or improve the risk involve in the businesses, should also analyse the returns on the business, the strategy should determine the dispersion of the returns which are captured in the reports. The corporate strategies should maximize the value incurred in the business. It should also co ncentrate on the sufficiency of the revenue. What does a SWOT analysis of Nike reveal about the overall attractiveness of its situation? SWOT Analysis of the Nike Reveals about all the factors of NIKEs production and their working. The attractive situation which they have created in the minds of the customers as well as internally within the organization is the Recycle Policy which they follow. (Bond, Smith,1996) All the products that are manufactured with NIKE use materials which can be recycled. This is very attractive in customer point of view because most of the customers prefer buying products which are eco-friendly. They will also feel that by buying products which can be recycled they are helping the organization and the environment to be eco-friendly and will feel positive about the same. This will increase the brand loyalty of the customers towards the product. What 2-3 top priority issues does Nike management need to address 2-3 top priority issue which NIKE management should address is Expectations of the customers from a sports brand What is the wear and tear period of the product What recommendations would you make to Nikes CEO? At a minimum, your recommendations should cover what to do about each of the top priority issues identified in question 9. Expectations of the customers from a sports brand Recommendation: - there should be a feedback system wherein the exclusive outlets of NIKE can gather feedback from the customers about their satisfaction level from the current product and what other changes will they like to make in the product. This will also help the company to understand what changes they can make in the upgraded product to make it better and to fulfill the customer demands. This will help increase the brand loyalty of the customers towards the brand and the customer will also feel happy when the see the company asking their feedback on the products they sell. What is the wear and tear period of the product Understanding the wear and tear of the product can be done by including some questions in the questionnaire of the feedback form. This will help the company to understand what is the life span of the product starting from when the customer buys the product till the time he discards the product. This can decide upon the manufacturing cycle of the certain product. We can also judge the time when the customers will again walking at the outlet to buy the same product. Since it is very necessary that the customer walkin frequency should be often the company can think of new product variety or to decrease the life span. Conclusion Strategic management also focuses on research and development along with the other strategies. They involve focus strategy where the business is focus on a particular target market. Strategic management also helps to gain reputation in the market about the business and to gin customer loyalty. It also helps the business to understand how socially the business is important in terms of strategic decision making. Strategic management is basically strategy formulation; this is done both externally and internally to the organisation.Strategies are designed to improve the business performances with the help of external opportunities. Hence NIKE should study various strategic pillars and decide upon the strategy which should be used for the growth and progress of the organisation and to give a perfect competition to the competitors. References 1. Adair, J.E. (2007) Effective leadership: how to be a successful leader. 3rd ed. London: Pan.2. Bhimani, A., ed. (2006) Contemporary issues in management accounting. Oxford: Oxford University Press.3. Johnson, G., Whittington, R. and Scholes, K. (2011) Exploring strategy: text and cases. 9th ed. Harlow: Pearson Education.4. Keep, E. (2004) UK management skills and the future of management education. In: Jeffcutt, P., ed. The foundations of management knowledge. London: Routledge, 83-107.5. Edmondson, A. C. (2011) Strategies for learning from failure. Harvard Business Review, 89 (4), 48-55.6. Timmons, N. (2011) Pay divide between top executives and public widens. Financial Times, 16 May, 3.7. Holt, DH 1997, Management principles and practices, Prentice-Hall, Sydney. 8. 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