Foreign Investment Business Decisions

Tato diplomová práce se zabývá zahraničními investicemi v automobilovém průmyslu. Hlavním cílem diplomové práce je srovnání vybraných aspektů přímých zahraničních investic ve vyspělých a rozvojových zemích. Diplomová práce nejprve zpracovává přehled aktuální literatury na toto téma a seznamuje se základními principy podnikového investování. Tato práce dále analyzuje, jak mohou přímé zahraniční investice znamenat obrovský rozdíl v ekonomice rozvojové nebo dokonce rozvinuté země. Automobilový sektor je pro ilustraci brán jako případová studie a zahraniční investice do tohoto odvětví jsou studovány podrobněji. Diskutován je také pozitivní a negativní dopad přímých zahraničních investic na místní ekonomiku (podnikání, životní prostředí). Závěry této práce mohou pomoci porozumět tomu, jak přilákat PZI do rozvojových zemí bez rizika a poškození společnosti.This diploma thesis deals with the foreign investments in automobile industry. The main objective of the diploma thesis is to compare selected aspects of the foreign direct investments in developed and developing countries. First, the diploma thesis elaborates the review of current literature on the topic and introduces basic business investment principles. The thesis next analyses how the foreign direct investment can make huge difference in the economy of a developing or even developed country. Automobile sector is taken as case study for illustration and foreign investments into this sector are studied in more detail. The positive and negative impact of foreign direct investment on the local economy (business, environment) are discussed as well. The conclusions of this thesis can help the understanding how to attract the FDI to developing countries without any risk and damage to the society

SUPPLY CHAIN RISK MANAGEMENT IN AUTOMOTIVE INDUSTRY

The automotive industry is one of the world\u27s most important economic sectors in terms of revenue and employment. The automotive supply chain is complex owing to the large number of parts in an automobile, the multiple layers of suppliers to supply those parts, and the coordination of materials, information, and financial flows across the supply chain. Many uncertainties and different natural and man-made disasters have repeatedly stricken and disrupted automotive manufacturers and their supply chains. Managing supply chain risk in a complex environment is always a challenge for the automotive industry. This research first provides a comprehensive literature review of the existing research work on the supply chain risk identification and management, considering, but not limited to, the characteristics of the automotive supply chain, since the literature focusing on automotive supply chain risk management (ASCRM) is limited. The review provides a summary and a classification for the underlying supply chain risk resources in the automotive industry; and state-of-the-art research in the area is discussed, with an emphasis on the quantitative methods and mathematical models currently used. The future research topics in ASCRM are identified. Then two mathematical models are developed in this research, concentrating on supply chain risk management in the automotive industry. The first model is for optimizing manufacturer cooperation in supply chains. OEMs often invest a large amount of money in supplier development to improve suppliers’ capabilities and performance. Allocating the investment optimally among multiple suppliers to minimize risks while maintaining an acceptable level of return becomes a critical issue for manufacturers. This research develops a new non-linear investment return mathematical model for supplier development, which is more applicable in reality. The solutions of this new model can assist supply chain management in deciding investment at different levels in addition to making “yes or no” decisions. The new model is validated and verified using numerical examples. The second model is the optimal contract for new product development with the risk consideration in the automotive industry. More specifically, we investigated how to decide the supplier’s capacity and the manufacturer’s order in the supply contract in order to reduce the risks and maximize their profits when the demand of the new product is highly uncertain. Based on the newsvendor model and Stackelberg game theory, a single period two-stage supply chain model for a product development contract, consisting of a supplier and a manufacturer, is developed. A practical back induction algorithm is conducted to get subgame perfect optimal solutions for the contract model. Extensive model analyses are accomplished for various situations with theoretical results leading to conditions of solution optimality. The model is then applied to a uniform distribution for uncertain demands. Based on a real automotive supply chain case, the numerical experiments and sensitivity analyses are conducted to study the behavior and performance of the proposed model, from which some interesting managerial insights were provided. The proposed solutions provide an effective tool for making the supplier-manufacturer contracts when manufacturers face high uncertain demand. We believe that the quantitative models and solutions studied in this research have great potentials to be applied in automotive and other industries in developing the efficient supply chains involving advanced and emerging technologies

Critical Success Factors in Enterprise Resource Planning Implementation in U.S. Manufacturing

Organizational leaders have increasingly turned to enterprise resource planning (ERP) applications, also known as decision-support systems, to make their firms\u27 operational, tactical, and strategic processes more efficient and effective in the changing global marketplace. High failure rates in ERP systems implementations make these projects risky, however. Most prior research on critical success factors for conventional ERP implementation has been on large enterprises, resulting in a gap in knowledge on these factors in the small and medium enterprises that constitute the majority of U.S. employer firms. A qualitative modified Delphi study with an expert panel of U.S. manufacturing consultants and 3 iterative rounds of data collection and analysis revealed consensus on 8 critical success factors in ERP implementations, with the highest agreement on top management support and commitment, enterprise resource planning fit with the organization, quality management, and a small internal team of the best employees. In addition to furthering knowledge in the fields of leadership and enterprise applications, the study expands enterprise resource planning experts\u27 and scholars\u27 understanding of strategies to improve project success and the triple bottom line for any size enterprise in the manufacturing industry. Practitioners in the ERP industry can also apply approaches outlined during ERP implementations to mitigate risk during these engagements. Implications for positive social change include additional job opportunities and higher wages through increased efficiencies in ERP applications

Sustainable Economic Development

This book is a pivotal publication that addresses the contemporary challenges of globalization and elaborate policy responses to environmental pollution, climate change, economic disruptions, poverty, hunger, and other threats to sustainable economic development. Many parts of the world, territories, and societies are now changing at an unprecedented pace in ways that fundamentally affect the markets, people, the environment, and biodiversity. Such changes are primarily driven by rapid social and economic developments, economic disparities between countries, the internationalization of production and value chains, and industrialization. Increasingly frequently, business interests are interfering with sustainable development goals. The issue is how to converge the economic benefits with the urgent need for establishing resilient production chains, social networks, sustainably-operating markets, and environmental protection. This publication highlights the need for the balanced economic development and comprehensive coverage of many sustainability–business areas. Economic, production, financial, and social factors of sustainability are discussed by over 90 contributors representing 40 universities and research institutions from seven countries. Their findings are translated into workable approaches and policies for the benefit of the global economy, people, and the environment

CORPORATE SOCIAL RESPONSIBILITY IN ROMANIA

The purpose of this paper is to identify the main opportunities and limitations of corporate social responsibility (CSR). The survey was defined with the aim to involve the highest possible number of relevant CSR topics and give the issue a more wholesome perspective. It provides a basis for further comprehension and deeper analyses of specific CSR areas. The conditions determining the success of CSR in Romania have been defined in the paper on the basis of the previously cumulative knowledge as well as the results of various researches. This paper provides knowledge which may be useful in the programs promoting CSR.Corporate social responsibility, Supportive policies, Romania