Essay on Merger, Acquisition, and International StrategiesEssay Writing Service

Essay on Merger, Acquisition, and International StrategiesEssay Writing Service Essay on Merger, Acquisition, and International Strategies Essay on Merger, Acquisition, and International StrategiesAn important aspect of strategic management relates to business growth due to mergers and acquisitions. Both local and international expansion can be fueled by the use of mergers or acquisitions. Such strategic decisions should be backed up by the initial analysis of the companys positions and the attractiveness of the merger or acquisition.In this paper, two public companies will be considered, one of them should be operating internationally and have a history of mergers or acquisitions, and the other should be operating within the United States and have no previous history of mergers and acquisitions. The purpose of this paper is to provide an overview of both companies, to evaluate the strategy of international company that led to the merger or acquisition, to identify a possible candidate for merger or acquisition for the company that operates only within the U.S., to evaluate international business-level and corporate-le vel strategy of the international company and to suggest one international business-level and one international corporate-level strategy for the company operating within the United States. The considered industry is department stores and the chosen companies are Macys Inc. (the company operating internationally) and Kohls Corporation (the company operating in the United States).Overview of Chosen CompaniesThe company operating internationally is Macys Inc (NYSE:M) (Macys Inc., 2014). It is a large multinational holding which operates two chains of department stores Bloomingdales and Macys. The stores primarily sell clothing, shoes, accessories, jewelry, beauty products, houseware and furniture. Macys Inc. stores can be found in 45 states, in the District of Columbia, in Puerto Rico, Dubai and Guam (Macys Inc., 2014). Moreover, Macys Inc. sells its products online and therefore reaches out to the customers throughout the world. In 2013, Macys Inc. was rated the 16th retailer by reve nue in the United States (Macys Inc., 2014).Macys stores offer a variety of merchandise and is associated with popular culture while Bloomingdales stores are upscale and are intended for more affluent customers. The first store was opened in 1858 and there were primarily dry goods offered in that store (Macys Inc., 2014). Later on, the store started producing clothing made to the customer measurements. The company expanded using mergers and acquisitions, the most notable of which were the merger with Federated Department Stores in 1994 and the acquisition of the May Department Stores in 2005 (Macys Inc., 2014). Macys Inc. shares are performing slightly better than the department stores industry in general (Yahoo Finance, 2014b).Kohls Corporation (NYSE:KSS) also operates in the department stores industry and runs a chain of retail stores named Kohls. These stores largely sell clothing, jewelry, footwear, electronics, houseware, beauty products, bedding and furniture. The company oper ates in the United States and its stores are present in 49 states (Kohls, 2014). The first Kohls supermarket was built in 1946 (Kohls, 2014). The positioning of the store was between discount stores and upscale department stores. The company grew primarily due to opening new retail stores, and although there was one major acquisition of BATUS Inc. stores in 1986, it was before the company went public in 1992 (Kohls, 2014). In general, Kohls shares are performing well and are in line with the overall industry trend, demonstrating slight growth (Yahoo Finance, 2014a).Analysis of Macys Inc. Strategy Prior to AcquisitionThe acquisition that had the most notable impact on the recent development of Macys Inc. was the acquisition of May Department Stores in 2005. Before the acquisition, Macys Inc. entered a period of diversification and brand reinforcement:. The first two stores of Bloomingdales were opened in 2003 in Atlanta, targeting more affluent and demanding customers. Furthermore, M acys integrated the stores existing in different states and re-branded them the nameplates for different regional Macys stores were changed to include Macys brand name. Macys Home Store division was created in 2004 (Macys Inc., 2014). In addition, the company launched a new program of customer loyalty in 2005 and offered new credit cards for its customers (Macys Inc., 2014).The actions of Macys Inc. during the 2003-2005 time span show that the company managed to arrange its organizational structure in order to improve efficiency, enhanced the brand by including the word Macys into all store names, added a division for diversifying the existing brand (Macys Home Store), created a new brand and a chain of stores for affluent customers.Such strategic decisions indicate that Macys Inc. was in the state of active expansion both in horizontal direction (opening new stores) and in vertical direction (optimizing organizational structure, cutting costs, diversifying products and strengtheni ng the brands).The May Department Stores company had about 500 department stores and 800 stores of formal and bridal wear in the United States and overseas. The stores were selling the same range of items as Macys. The acquisition was strategically efficient for Macys Inc., since the company improved its structure and branding and sought to expand its network in the United States and abroad. The acquisition of the May Department Stores was a very wise choice because it allowed Macys Inc. to gain market leadership in the department stores industry and to make its stores available across the United States. The acquisition helped Macys Inc. turn from a middle-scale player into one of the leaders of the department store industry.Probable Candidate for Kohls to AcquireKohls Corporation operates a large network of department stores and has many loyal customers. The company focuses on selling great brands and offers shopping convenience, value and excellent customer service (Kohls, 2014). However, the revenues of Kohls are dropping: they declined by 10% in 2013 and the forecast for 2014 is a decline of earnings by 15% (Kohls, 2014). The decline in sales is taking place due to the changing competitive environment customers prefer to shop online and there are many online retailers offering a wide range of products. Currently Kohls is working to create an own ecommerce solution, but it might be difficult to compensate the decline in sales by relying solely on a e-commerce solution.A viable opportunity for Kohls is to acquire its former competitor, J.C. Penney Company Inc (NYSE:JCP). This company also operates in the department stores industry and sells various clothing brands. JCP used to be very successful in 2008-2009: it combined online sales with catalog sales (Yahoo Finance, 2014c). However, a series of inefficient strategic steps such as the decision to change the approach to pricing, the conflict with Google regarding search results, late exit from catalog busin ess etc. significantly damaged market position of the company (Yahoo Finance, 2014c). Stock prices of JCP are rather low at the moment. However, the company still has a large network of stores and it might be a very valuable acquisition for Kohls. Furthermore, JCP already has a working solution for ecommerce which Kohls can re-use. Therefore, it might be very beneficial for Kohls to acquire JCP. This acquisition will both help Kohls expand its network of stores across the United States and will open more opportunities for selling the products abroad.International Business-Level and Corporate-Level Strategies of Macys Inc.A business-level strategy can be defined as the set of coordinated and integrated commitments and actions which the company uses to achieve a competitive advantage by using its key competencies in specific markets (Hitt, Ireland Hoskisson, 2014). For large markets, key types of business-level strategies are cost leadership and differentiation, for narrow markets th e strategies are focused cost leadership and differentiation (Hitt, Ireland Hoskisson, 2014). There is also a mixed strategy which is referred to as integrated cost leadership / differentiation (Hitt, Ireland Hoskisson, 2014).Macys Inc. collaborates with different brands and provides valuable offers to its customers in the United States and worldwide. The company targets a wide range of customers and therefore its business-level choices are either cost leadership or differentiation. Initially, Macys Inc. tended to rely on differentiation and gained customer attention due to wide range of brands available in the stores. However, since 2010 Macys also introduced cost cutting and cost optimization strategies which helped the company to remain profitable even in the context of intensive competition with other retailers selling their products online (Macys Inc., 2014). Therefore, currently Macys Inc. uses an integrated differentiation / cost leadership business-level strategy at the in ternational level.A corporate level strategy describes the set of actions that a company undertakes to achieve a competitive advantage by selecting and managing several businesses related to different product markets. Depending on the level of corporate relatedness (the similarity of products) and on the level of operational relatedness (the similarity of activities) a company can choose either unrelated or related linked diversification (in the case of low operational relatedness), related constrained diversification or both operational and corporate relatedness (in the case of high operational relatedness) (Hitt, Ireland Hoskisson, 2014).In the case of Macys Inc., its brands have notable similarity in the range of products offered (though differing in product quality and price) and the activities needed for selling different brands across the U.S. and online are similar. The levels of both corporate relatedness and operational relatedness are high and Macys Inc. is able to use a corporate-level strategy which utilizes the advantages of both types of relatedness. Due to the presence of corporate relatedness, Macys Inc. can transfer its core competencies such as unique brand collections and excellent customer service to the international level, and using operational relatedness, Macys Inc. can use economies of scope and optimize its costs.Possible strategic improvements for Macys Inc. include increasing the use of the economies of scale, establishing agreements with international transportation companies in order to boost online sales, offering virtual fitting-room and additional mobile services to attract customers. Macys should use non-traditional methods of attracting online customers in order to remain competitive.Suggested International Business-Level and Corporate-Level Strategies of KohlsThe acquisition of JCP which was recommended in the previous sections for Kohls would create opportunities for going international. Kohls addresses a wide range of cus tomers and positions itself as a store chain with unique brands and labels offered for moderate price. Therefore, it is best for Kohls Corporation to choose an integrated differentiation / cost leadership strategy for international expansion. It is recommended to sell items online and to offer private brands and rare brands. Furthermore, Kohls can stand out among other online retailers due to exceptional customer service and convenient interface for purchasing products.Regarding corporate-level strategy, Kohls choice should be the simultaneous corporate relatedness and operational relatedness strategy. Indeed, Kohls should utilize economies of scale in order to cut costs and offer competitive prices; at the same time, Kohls should offer a unique assortment of goods in order to gain customer attention. It is best for Kohls to enter the Canadian market first of all, and then, after achieving success in online sales, to offer its products in Europe, Australia and South America. The rec ommended acquisition will enhance both corporate and operational relatedness and will help to improve market position of Kohls Corporation.

buy custom Fast Food Obesity essay

buy custom Fast Food Obesity essay Opening Fast foods are very common nowadays, and they are present everywhere in any country. And as fast food chains are growing in number, we can notice that people are growing too, not in height but in size. Obese people are increasing in number with each year. Statistics also shows that obesity is a growing problem not only in the Unites States but in almost all corners of the world. In the United States, around 30 percent of the population is obese. This problem is often linked with the rise of different fast food chains and their multiplication. And because these fast food chains and obesity rates increase together, many public debates assume that the rise of these fast food restaurants is significantly related to the growth of obesity rates. There are some reasons. The widespread growth of fast food restaurants provides people with easy access to these kinds of food. In this fast-paced world, people are getting busy and do not have enough time to prepare and cook laborious foods at home. And because they are extremely engaged with their works and other things that keep them busy, they will prefer to have a short meal in the fast foods. More than being accessible, fast foods are affordable for almost all social groups. People do not have to wait for a long time to get an order, and fst foods fit their lifestyle. The irony, however, is that these fast foods do not make their bodies fit. However, these people will still choose such kind of food because they think they are hitting three birds in one stone: fast and, moreover, delicious food at an affordable price. Of course, people would not like to eat foods that will not satisfy their tastes; save for the health conscious ones, who will endure the bitter or the sour taste for the sake of their he alth. The general public is very much enthralled with the delicious and tasty fast foods, forgetting the fact that it would not make them healthy but rather obese, and hence, sick. Closing Fast foods are a reality of the present world. We could not deny the fact that these food institutions are continuously growing and invading the todays society. Simultaneously, obesity is also a dominating health problem nowadays. Accept it or not, the rise of fast food chains has a great effect on the obesity rates among both children and adults. This food has been already proven to be unhealthy. It is rich in cholesterol, unsaturated fats, sodium, and calories. Obviously, these foods have a great impact on the health of consumers and, believe it or not, on their weight, primarily. People come in and out of these fast food chains and enjoy the sweet, salty, tasty, and delicious food. Therefore, many people are prone to gain weight while enjoying the taste. More than that, fast foods are giving special interest in attracting the attention of children. They are creating colorful and jolly characters to attract them. The fact food corporations are spending billions for advertisements annually. Once they caught the kids attention, they would always want to go back to the fast food restaurant. The parents, therefore, will always bring them there thinking that they are giving their children enjoyment. This is another reason why obesity is very much common among children. Moreover, when these children and adults become used to eating this kind of food, they will have a hard time eating vegetables and fruit. They will always look for the crispy, starchy, and sweet fast foods. Their tongues become accustomed to the taste, and they may not notice that they are already addicted to it. These foods promote eating too many calories, sodium, and fewer vegetables, fruit, and dairy products and, therefore, lead people to gain extra weight. But because people become addicted, they will always return to the fast food restaurant to savor the delicious foods, even though, it will only give them additional fats calories, carbohydrates, less nutrition, and more weight. Buy custom Fast Food & Obesity essay

Film Report Movie Review Example | Topics and Well Written Essays - 1000 words - 5

Film Report - Movie Review Example As the movie progresses, he encounters different people who will aid in uncovering the core theme of the movie that running is an act of courage and strength. The movie explains that the act of running away from something or someone cannot be totally attributed to cowardice. Often times, running, as depicted in the film, is a person’s ability to move towards the future and to his or her dreams and destiny. The theme was first seen when forest, with braces on his legs, was able to run away from the bullies. The theme was emphasized with the help of Gump’s leg braces that broke apart as he ran fast away from the bullies. 2) What were the choices made by the main characters and what were the consequences of those choices? Forrest Gump’s choice to sit beside Jenny on the first day of school is considered as the start of the whole story. After which, when Gump listened to Jenny when she told him to run away from the bullies was the first decision Gump made that allowe d the core theme of the story to unfold. Also, the time Gump befriended and believed on Jenny became his soul aspiration to learn his destiny. As Gump decided to go to the war in Vietnam, he also made a decision to save his fellow soldiers. This decision brought him to fame, but Lieutenant Dan hated him for saving his life. As the story unfolds, Gump and Lieutenant Dan became good friends and successfully established their shrimp business. Meanwhile, Jenny slowly ruined her life as she started to get on drugs and dated different men. Nonetheless, she decided to go home to Gump, and this had brought joy to Gump. However, Jenny left him again, which caused Gump to run across the country for three years. When Jenny heard of him, she decided to write him a letter, and the two got back together and married, along with their son Gump. 3) What three or four sequences are most important in the film? Why? The first important scene in the movie was when Forrest Gump sat beside Jenny on the sc hool bus on their first day to school. This scene is the outset of the story of the life of Gump. It is also considered as an important event because, after this event, Jenny will play the most important inspiration to the life of Forrest Gump. The second vital scene was when Gump decides to join the war in Vietnam where he becomes friends with Benjamin Buford â€Å"Bubba† Blue from whom he learns the shrimping business. This was also the time when he meets Lieutenant Dan and become business partners, and also whom he considers as his best friend. The third essential scene in the movie is the time Jenny comes home to Gump, and this will be the time when Jenny becomes impregnated by Gump, but she leaves him. Lastly, the most crucial part of the movie was when Jenny acknowledges that Gump is the father of his son and the two of them got married. 4) Did the ?lm surprise you with anything unusual in its story, style, technique, or implications? The thing that struck me the most w as the tolerance of Forrest Gump in waiting for Jenny to come home to him. He never looked at or wanted any other woman aside from Jenny, which is very much unusual in a typical movie. Also, the manner the story unfolds which is presented in a first person was a unique style and added more drama to the movie. It allows the movie to be more dramatic and realistic as Gump tells his story to other people while waiting for the bus. Also, along the narration of Gump, it is inevitable to acknowledge the presence of many