International Business Case Palliser Furniture Ltd.

Palliser Furniture Ltd. Issue Identification: Today’s world is facing strong influence of globalization in each and every aspect of our lives. It is expressed through: free trade agreements, foreign direct investments, international trade, facilitated movement of labour, capital and resources, as well as a strong competition that eventually gives more power to customers. In addition, it resulted in the economic boom of the developing countries, with substantial dominance of China that mainly benefit from their massive labour force, its low cost and high comparative efficiency. This phenomenon has impacted all industries around the world. In particular, furniture production is going through a trend of moving to China that â€Å"in 2002†¦show more content†¦The main reason behind it is the availability of cheap furniture for the customers, which affect all five forces of the Porter’s model. As a result, Palliser has to look for the opportunities such as expanding their product line or reducing the cost of production to have competitive edge 4) Bargaining power of buyers is medium-high because of the low switching costs and wider spectrum of similar products selling at competitive prices due to the influence of developing countries 5) Threat of substitutes is low, in comparison with technology that constantly evolves, furniture cannot be easily substituted. But its insignificant impact is fully neutralized by high competition problem. At this point our analysis will proceed down to the specific external environments in which Palliser currently operates - Mexico, and consider to expand - China. For their discussion we will use the SWOT model. In particular, external forces, such as opportunities and threats will be touched upon first. Mexico: Opportunities Threats 1. Mexico’s location to Texas provides lower distribution cost structure for Palliser 2. Mexico has more experienced workers in the furniture industry 3. Leather for products was delivered from Brazil to Mexico, where it was easier to process it due to lower environmental restrictions 4. Palliser condition in international business operation is a

Law of Business Organization for Prosecution - myassignmenthelp

Question: Discuss about theLaw of Business Organization for Prosecution Agreements. Answer: Directing Mind and Will In context of the organization, any person who manages, controls, or make decisions in the organization is considered to be the mind and will of the organization. It is essential that the principle must be fulfilled in order to prove the mental factorfor any kind of civil or criminal offences being planned againstanorganization(LawTeacher, 2017). Hence, the identification doctrine is recognized as the directing mind theory. From historical point of view, it has been proved to be a hindrance as it prevents the companies from being apprehended as responsible for the actions performed by the persons within the organization. Thus, in order to establish organization's offence, the individual who is the brain behind the organization must be proved to be the directing mind and will of the organization. (Grimes, et al., 2017). The individuals who are positioned at the topmost level in the organization must be held responsible and accountable for any flaw or faulty conduct of the organization. Thus the directing mind and will of any organization leads to the board of directors, CEO, managing director and all other executives who are responsible and partake in the decision making of the organization. However, there may be other subordinates who may indirectly act as mind and will of the organization but may not be on the top management sector in the organization. As of today, in huge companies, because of existence of disparity between the directing mind and the functional authorities, it has become difficult to impose criminal liability on all of them(Taylor Wessing LLP, 2016). Piercing the Corporate Veil The term "corporate veil" is used to describe the removal or separation of any corporate executive or owner from the third party shareholders. Basically, a corporation is a separate entity - limited liability company (LLC) that is formed to protect and shield the owners of the organization from private accountability for the amount overdue or negligent acts in the company. "Piercing the corporate veil" is a phrase that describes the actions taken by a court to establish the liability of the shareholders and owners of the LLC for the amount overdue and liability of a corporation. Corporations are generally considered to be as separate entities, different bodies and under normal circumstances, if an organization is prosecuted, the owners or executives are not brought in to the proceedings. (Murray, 2016). However, in some situations, the officers and shareholders of the corporation can be sued for the acts of negligence and also for debts, and this action of holding the shareholders to be responsible and suing him is known as "piercing the corporate veil". In a similar manner, the limited liability company owners can be prosecuted for the flaws, frauds, negligence and debts in the business. There are two situations, where the court can pierce the corporate veil and the shareholders and the members of the LLC to be sued. It includes the fraudulent acts or deals by the corporation and willful act of the shareholders and officers for the purpose of corporate gain to be placed over the benefits of the public(Jimerson Snell, 2016). References Grimes, J., Niblock, R. Madden, L., 2017. Corporate criminal liability in the UK: the introduction of deferred prosecution agreements, proposals for further change, and the consequences for officers and senior managers. [Online] Available at: https://uk.practicallaw.thomsonreuters.com/4-547-9466?transitionType=DefaultcontextData=(sc.Default)firstPage=true [Accessed 19 September 2017]. Jimerson, C. B. Snell, B. N., 2016. The Five Most Common Ways To Pierce The Corporate Veil And Impose Personal Liability For Corporate Debts. [Online] Available at: https://www.jimersoncobb.com/blog/2016/03/the-five-most-common-ways-to-pierce-the-corporate-veil-and-impose-personal-liability-for-corporate-debts/ [Accessed 19 September 2017]. LawTeacher, 2017. Corporate Liability In Criminal Law. [Online] Available at: https://www.lawteacher.net/free-law-essays/business-law/corporate-liability-in-criminal-law-business-law-essay.php [Accessed 19 September 2017]. Murray, J., 2016. Piercing the Corporate Veil - What Business Owners Need to Know. [Online] Available at: https://www.thebalance.com/piercing-the-corporate-veil-definition-398410 [Accessed 19 September 2017]. Taylor Wessing LLP, 2016. Corporate Liability: What exactly does it mean to prove a company guilty?. [Online] Available at: https://united-kingdom.taylorwessing.com/en/corporate-liability-what-exactly-does-it-mean-to-prove-a-company-guilty [Accessed 19 September 2017].