Strategic plans Essay Example | Topics and Well Written Essays - 500 words

Strategic plans - Essay Example An organization that aims to be cutthroat in today’s competitive market needs to seek talent and expertise from a broad array of countries and continents. This allows it to deal with consumers coming from different backgrounds, cultures, ethnicity and education. How a company deals with its operations to reach zenith necessitates integrated processes and functions. The company can curve to socioeconomic conditions in the ways it tailors its goods and services without disturbing the cultural sensitivity of either the employees or the consumers. In many circumstances a company will have to adapt its products and marketing mix strategy to meet unchangeable local needs and wants. Global player like Mcdonald has adapted its burgers to the local needs. In India where a cow is a sacred animal they serve their burgers with chicken or fish whereas in Mexico burgers come with chilli sauce (Jones, 2009, p.87). It is arguable that standardization is better for organizations because it reduces cost; however the thriving companies are ones which think globally, but act locally. In spite of globalization, geographic, demographic, economic and cultural characteristics of consumers vary dramatically in different countries. Thus it is critical to imply that, a business will need to adapt its product mix, communication and marketing strategy to match the disparity in product preferences, product uses, consumers’ attitudes, shopping patterns, income levels and education. Dennis and Harris manifested global branding strategy as a local plan for each served market by carefully singling the most significant differences and tailoring the products and services to suit local tastes and conditions (Beeson, 2011). According to them having a standard approach worldwide without considering local preferences and cultural differences a company is doomed to failure (Lauterborn, 2011, p.56). Food and beverage organizations can easily fall prey to impediments

Limited Liability Corporation and Limited Liability Partnership Paper Essay

Limited Liability Corporation and Limited Liability Partnership Paper - Essay Example But, LLPs still impose certain obligations from each of the partner as a way of maintaining standards of accountability. LLPs differ from other general partnerships in one particular aspect, namely, that each partner is only liable to his/her own debts and obligations and are not required to share the burden of their partners’ debts and obligations. In the United States, there are comprehensive legislations that govern the conception and formation of LLPs. This form of partnership is more suitable to companies offering professional services such as law firms, an accountancy firms, etc. As a matter of fact, a few states within the United States allow only certain professional classes to form LLPs. The primary legislative document that deals with partnership firms is the Uniform Partnership Act, which provides detailed guidelines. Further, many states offer liability protection only against select negligence claims, which implies that for, say, contract claims, a partner can be made liable. LLPs are similar to other partnership arrangements in that the profits accrued are divided evenly among all the members of the partnership. This is essentially to facilitate taxation and to avoid double taxation, which can dent an individual member’s profits. Some state legislation adds more conditions for limited liability. For example, â€Å"Many states provide protection only against tort claims and do not extend protection to a partners own negligence or incompetence or to the partners involvement in supervising wrongful conduct. Other states provide broad protection, including protection against contractual claims brought by the partnerships creditors. It further provided, however, that a partner was personally liable to the partnership and copartners for any breach of duty, and also allowed a creditor or other claimant to pierce the limited liability shield of a partner in