Entry Strategy Essay Example | Topics and Well Written Essays - 2750 words

Entry Strategy - Essay Example The economic and political factors are inter-related and it becomes difficult to identify only the economic or only the political factors separately (Altinay, 2005). The micro-environment is the internal environment which comprises of the corporate goals and objectives, the corporate strengths and weaknesses and the service factors. In addition to these, the location is equally important (Ekeledo & Sivakumar, 1998). Zhao and Decker (2004) contend that size of the firm, the technology transfer if required, the cultural distance, the market size, risks and uncertainties, sectoral barriers, and the international experience also influence the entry strategy. Taking these factors into account, the market entry strategy for ABC in India and Ireland would be recommended.   While market entry is generally through exports, licensing, joint venture or opening of wholly owned subsidiaries, in the hospitality sector the mode of entry is different. In this sector direct ownership or any form of equity partnership is not preferred in countries with high economic or political risks, and of the level of economic development is low (Altinay, 2005). If the risks are high entry modes with low resource commitment is preferred. Franchising and management contracts are the most preferred modes of entry in the hotel sector in international expansion. In both these formats capital-intensive assets and knowledge-based assets can be separated.  Service firms may enter foreign markets using a variety of modes but control is the most vital factor.

Maritime Technology 1 Essay Example | Topics and Well Written Essays - 1500 words

Maritime Technology 1 - Essay Example This physical quantity has been associated with randomness by Boltzmann who believes that in a confined system, the disorder that is produced is actually entropy. On the other hand, Shannon considers positive information that is produced in message transmission as entropy. Conversely, there is one more interpretation given to the term which is very much opposite to the former. Brillouin associates entropy with deficiency of information. This can also be stated as uncertainty and doubt and something which cannot be predicted. Ignorance is also one part of the mentioned interpretation of Brillouin. In addition, finally, there are some authors and theorists who consider freedom as entropy; freedom to evolve from one state to the other (Brissaud, pp. 69-70, 2005). Entropy is, basically, a fundamental and core value of modern physics that could be easily linked with different areas like metaphysics, biology and even economy. For these reasons, every interpretation and explanation of the t erm has its own importance in these diverse fields and they should be made to use in order to learn more about the phenomenon. Let the paper analyse each interpretation separately. When they say that entropy is the disorder, it means that when heat is produced in a closed system, the molecules gas molecules would, automatically, move randomly in any position. This would create more work and energy in the system than the energy which was initially present. This chaos and disrupt is termed as entropy. Moreover, considering the second and third interpretations, the lack of information, actually, refers to uncertainty and indefiniteness. An outsider can never predict where and how the gas molecules would spread when heat energy is produced in a closed system. This tendency of not being able to predict the present and future positions of molecules makes entropy associated with uncertainty and lack of information. However, for the same closed system, considering it from the inside, the mo vement and change is actually an information which is referred to as positive and beneficial adding up to the knowledge. Likewise, the gas molecules have maximum freedom to move rapidly in whatever directions, which increases with time (Brissaud, pp. 70, 2005). However, many theorists and authors disagree with the association of entropy with disorder. These theorists claim that the agitation is more a result of temperature than of entropy as a whole. This confusion exists because of the reason that all these three quantities and values are closely in connection with each other. Heat, temperature, and entropy have so close relations that the source of disorder and agitation is not observable clearly and precisely. When defined accurately, temperature, according to the modern and classical thermodynamics, is the value given to the molecular agitation that happens after heat is produced in a closed area. Furthermore, heat is termed as the disordered energy creating the chaos. Therefore , these three core principles in thermodynamics are closely linked with one another and are the source of the concepts of agitation and disorder that are associated with entropy (Brissaud, pp. 82, 2005). Thus, temperature is the real phenomenon associated to chaos and disorder since low temperature systems are always said to under order and less agitated. This is the reasons theorists disagree with that interpretation. Heat production and the