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Essay / Research Paper Abstract
Many factors influence a business, some of these are within the control of the firm, whilst others are external. However, they can all be sources that can add value to a company. This 12 page paper will show how many factors, which are often seen as costly, may add value to a company. These include globalisation, new product development, managing knowledge and principled corporate governance may all add value to a company, despite the perception of the cost that these may incur. The bibliography cites 16 sources.
Page Count:
12 pages (~225 words per page)
File: TS14_TEvaluecr.rtf
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Unformatted sample text from the term paper:
as they are used correctly. Trends such as globalisation, information technology along with knowledge management and even ethical business practices as well as new product development are all potential
methods of increasing value, but they are also have the potential to create costs and difficulties where managed incorrectly or used in the wrong circumstances. In looking at each of
these strategies, which it must be noted are not mutually exclusive, they may provide a source of competitive advantage, or minimise a competitive disadvantage. Globalisation has been criticised recently
for the impact it has on developing countries. There is a plethora of evidence that although this may create wealth, not only for companies but also for countries, this is
not evenly spread, with the wealthy countries gaining more than the poorer nations. With this wealth creation there is a strong indication that companies may benefit from using global sources,
for both inputs and outputs. Globalisation can produce value in numerous ways and international trade is not new. As soon as man found he was able to trade
for items he could not or did not produce from himself international trade commenced. The motivation behind international trade may be seen to be made up of push factors and
pull factors. The pull factors may be seen in the attraction that new markets hold, such as new emerging or developing market where the product lifecycle stage in the growth
phase and there in a great demand (Thompson, 1998). For example, looking to countries such as India there has been a growth in the sale 0f goods which are out
of date in the west, such as top loading washing machines. This means that there is get value derived from a product where all the investment in research and development
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