Leadership and Management Issues Free Essay Example, 1750 words

Management is an old concept. It originated from the Latin word manus which means by hand or power. Management may also come from the Italian word mangeggiare pertaining to officers in charge of a certain production facility. It evolved then into the French manager and later on, it became the English term management. In the concept of English people, management pertains to business organizations with people working as guides and to supervise the performance of others (Witzel 2004, pp. 1-2). American Management Association in 1980 defined the concept of management and according to the group, management is getting things done through other people, (Montana and Charnov 2008, p. 2). It means the efforts of other people are involved and the management is just the supervision and guidance on the efficiency of the whole group. Currently, management can be defined as "working with and through other people to accomplish the objectives of both the organization and its members (Montana and C harnov 2008, p. 2). According to Montana and Charnov (2008, p. 2), there are three key differences between the two definitions: the employees play the great part in the organization, the focus is the result to be obtained and personal goals are aligned with the organizational goals. We will write a custom essay sample on Leadership and Management Issues or any topic specifically for you Only $17.96 $11.86/pageorder now The practice of managing people in the organization is called the management process. The management process has six fundamental functions: planning, organizing, staffing, directing, coordinating and controlling. Planning is the most basic function of management. It is concerned with what, how and when the activities or performance be carried out by an organization. The course of actions is created in the process of planning. It involves the identification of long-term and short-term objectives, the creation of strategies and formation of policies and rules to be followed by the members of the organization. Usually, the top management creates the initial planning and identification of long-range objectives but the planning function is being done by all managers from all levels in an organization. The second function is organizing.

Racism in Sports Essay - 1662 Words

Racism in Sports Racism is a belief that people of different races have different qualities and abilities, and that some races are inherently superior or in inferior. Racism in the form of discrimination persists in society. Racism in sports occurs in both team and individual sports around the world. Sports itself does not induce racism. Sports are meant to be a colorblind activity that adheres to the notion of fair play. Racism in sports is a problem which manifest around the world. It led to a wide range of controversial incidents. Racism in sports is only a big problem because the media is choosing to make it one. Racism in sports played a major role in this ranking, therefore racism is still exists today in society as well†¦show more content†¦The story of the campaign to integrate baseball remained unknown to most whites in the United States. For blacks, it was one of the most important stories involving racial equality in the 1930s and 1940s. Black sportswriters and o thers framed the campaign to end segregation in baseball in terms of democracy and equal opportunity. To black’s newspaper, if there could be racial equality in baseball, there could be racial equality elsewhere in society. The black sportswriters took their campaign to baseball commissioner. They made their case to baseball executives at their annual meeting. They met individually with a number of team owners who promised tryouts and then canceled the tryouts. Yet the story of the campaign to desegregate baseball remained unknown to most of the United States. White baseball fans did not know that blacks were prohibited from the game. They did not know that there were blacks good enough to play in the major leagues. They did not know that many major league managers and players supported integration. They also did not know that sportswriters had their own color line (the baseball writers association prohibited blacks). Sportswriters said anything about the color line, which was not often; they justified the absence of blacks in baseball with blatant dishonesty. J.G. Taylor Spink, theShow MoreRelatedRacism in the Sports Industry1594 Words   |  6 Pagesstrides to eliminate racism within the United States. Through history we are able to see how ugly our nation was as it judged people by the color of their skin and in extreme cases killed them for it. Through law, we have been able to advance from such an ugly time, but yet we still see racism show its ugly head quite often. A great way to see such a transition is through sport. Sports have been around through segregation and very dark moments of racism in the United States. Sports have played anRead MoreSports Logos And Racism : Sports And Ethnic Relations2849 Words   |  12 PagesThompson Race and Ethnic Relations – SOC 215 Tina Eyraud Sports Logos and Racism Sports teams across the United States, ranging from high school to college all the way to the NFL teams, have derogatory names and logos that come from a variety of sources. Some of the most controversial names come from Indigenous culture, such as the Washington Redskins. The ongoing battle between who owns the name and whether or not these sports teams can use the names, is nothing new. This issue has beenRead MoreRacism in the Sports Pages Essay2112 Words   |  9 Pagesathletics by reading sports pages during the 1950s. The athletic achievements of African-Americans were often doomed to the latter pages of sports sections in favor of advertisements and routine sports articles. The San Francisco Chronicle is guilty of hiding the impact of African-Americans in sports, reflecting a lack of racial tolerance. It can be said that newspapers are a reflection of the society that they represent. If one were to look at the San Francisco Chronicle sports page in 1955, aRead MoreConversy of Racism in Sports Essay examples815 Words   |  4 Pagesstand against racism and inequality by winning the 400 M. dash. As he was awarded his gold medal, he clenched his fist and raised it high in the Air while wearing a black glove. A raised fist was the symbol of equality for the black Power movement of the 1960‘s. African Americans have made a huge impact on the civil Rights movement, especially in sports. The 1940’s and the 1950’s were a rough time in Sports because African Americans were just now being able to play in professional sports. They had toRead MoreThe Racism Of Sports : A Commentary On Surveillance, Race Talk, And New Racism2629 Words   |  11 Pages RACISM IN SPORTS 2 Introduction Racialization is the process in which etho-racial groups get marginalized on the racial hierarchy that is constructed by White supremacists (Henry Tator, 2010, pp. 319). Sports are social institutions that reinforce racial hierarchies in Canada (Henry Tator, 2010, pp. 243). Although it is commonly denied that there is any racism in Canada, racism in sportsRead MoreAmerican Sport Movies Dealing with Racism6989 Words   |  28 Pages1. American Sport Movies There are few countries in the world in which sports permeate national life to the degree that it does in the United States. Sports are a big part of the fabric of American life. The centrality of sports in American life is amply reflected in the American cinema. For decades movie makers have successfully mined sports to produce some of the most inspiring, poignant, exciting and memorable American movies ever made. The genre of ‘Sport Movies’ established in the FiftiesRead MoreRacism : The Fight For Equal Justice Is A Spectator Sport1226 Words   |  5 PagesRacism entails several different and often related philosophies concentrated on the concept of race. Today in society, children from all different backgrounds are growing up not knowing what to believe and what to think about whom they are and where they come from. â€Å"Racism has become more than just individual beliefs. It’s become part of coherent sets and ideas legitimizing social practices that reinforce the unequal distribution of power between groups designated in racial and/or ethnic terms† (Dossier:Read MoreAmerican Racism : Sports, Police Force, And Media1855 Words   |  8 PagesAmerican Racism in Sports, Police Force, and Media Racism in America has changed over the years since the Civil Rights Movement has taken place. It has improved overall, but not as much as we think. We do have segregation laws and even a black president, but the minds of a few American’s still believe they are superior to other ethnicities. Discrimination has taken on new forms and roles that did not exist when the Civil Rights Movement took place, or even ten years ago. It is rapidly evolvingRead MoreRacsim in Sports Essays1020 Words   |  5 PagesRacism if traced back to the 19th century has been predominant; we may refer to the apartheid era in South African where many of blacks were maltreated by the whites because the whites seem to view them as inferior. Does racial discrimination also exists in sports? Yes. Racial discrimination has also impacted negatively on the ethics of sports and the code of conduct of athlete. Is of no surprise that racial discrimination has mainly welcomed itself into sports, has this has been an issue which haveRead MoreRace From A Historical Perspective Within The Context Of Australia1733 Words   |  7 PagesRacism has been the ugly underbelly of Australian sport for over a century (Human Rights, 2007). According to Szoke (2012), ultimately, racism is a denial of human relationship (Szoke, 2012). There are many ways in which race and skin colour has been â€Å"marked† in sport in Australia. This essay will look at the many ways in sport in which race and skin colour has been represented to society. This essay will begin to look at race from a historical perspective within the context of Australia. It will

Chapter 20 Problem 1 Free Essays

Week 5 – Financing Strategy Problem Problem 1 – Chapter 20 Firm A has $10,000 in assets entirely financed with equity. Firm B also has $10,000 in assets, but these assets are financed by $5,000 in debt (with a 10 percent rate of interest) and $5,000 in equity. Both firms sell 10,000 units of output at $2. We will write a custom essay sample on Chapter 20 Problem 1 or any similar topic only for you Order Now 50 per unit. The variable costs of production are $1, and fixed production costs are $12,000. (To ease the calculation, assume no income tax. ) A. What if the operating income (EBIT) for both firms? Sales/Revenue: 10000 * 2. 50 = 25000 Variable Cost: 10000 * 1 = 10000 Fixed Production Cost: 12000 EBIT = sales/revenue – variable cost – fixed production cost = 25000 – 10000 – 12000 = $3000 B. What are the earnings after interest? InterestEarnings after interest Firm A: 0 3000 – 0 = $3000 Firm B:5000 * 10% = 500 3000 – 500 = $2500 C. If sales increase by 10 percent to 11,000 units, by what percentage will each firm’s earnings after interest increase? To answer the question, determine the earnings after taxes and compute the percentage increase in these earnings from the answers you derived in part b. Sales/Revenue: 11000 * 2. 50 = 27500 Variable Cost: 11000 * 1 = 11000 Fixed Production Cost: 12000 EBIT = sales/revenue – variable cost – fixed production cost = 27500 – 11000 – 12000 = 4500 Firm A Firm B Interest 05000 * 10% = 500 Earnings after interest (prior) 3000 – 0 = 3000 3000 – 500 = 2500 Earnings after interest (after) 4500 – 0 = 4500 4500 – 500 = 4000 Increase/decrease % 50% 60% D. Why are the percentage changes different? Firm B had a higher increase in profit because they had a higher net % change and lowered their interest income through their debt financing. How to cite Chapter 20 Problem 1, Papers

Market Entry Strategies and Macro Environmental Factors

Question: Discuss about the Market Entry Strategies and Macro Environmental Factors. Answer: Introduction PESTLE is a useful strategic management tool to analyze the macro environmental factors which affect the operations of a business. Macro economic factors are those external factors which cannot be directly controlled by the company. Such factors, instead, steer the working of a company. By conducting a PESTLE analysis, the external factors are analyzed. These factors include Political, Economical, Social, Technological, Legal, and Environmental factors (PESTLE Analysis, 2016). In the following parts, various factors have been analyzed to evaluate the best market for the company Aldi to enter, as well as, the most appropriate mode of entry available to the company. PESTLE Analysis of the macro-environmental factors New Zealand After evaluating the macro environmental factors, by conducting a PESTLE Analysis, New Zealand has been elected as the prospective market for Aldi, to expand its business. The rationale behind this decision is explained through a detailed PESTLE Analysis. Political Aldi is a leader in the global discount based supermarket chain and works in the retail industry. The company is headquartered at Essen, Germany and as a result, the EU legislations influence the working of the company (Ruddick, 2013). The political environment of New Zealand is connected to the performance of the company, and the supermarket chains are also affected in the same way, as are other businesses, due to a change in climate of politics, in the country. As the country has a stable government, the business sector is able to grow steadily. Moreover, due to political stability, more and more investors are attracted to the nation, to carry on the business and trading activities. The supermarket industry in New Zealand is quite stable and as a result, there are negligible chances of a business loss. Economic The financial performance of any company is dependent upon the economical factors like employment and recession, as these results in lower sales and cause financial decline for the company. Since New Zealand has low unemployment rates, the financial performance of the company is expected to be favorable (Rutherford, 2016). The consumers check out the value of the product while purchasing groceries, and are moving towards the online options. This would again prove beneficial for Aldi as the company provides the online shopping services. Social: For any company to work, it has to identify the target market and the needs of such targeted market. Further, plans have to be developed to focus on the fulfillment of such needs. The location of any store of Aldi is a crucial decision, as the population is quite dispersed in the country. As the literacy rate of the country is nearly a 100%, the consumers are aware about the latest developments in the market (UNESCO, 2016). The banking system is very strong in the country and the foreign direct investments are welcomed in the nation. This is a huge advantage for Aldi. Technological: The education system of New Zealand is considered as the 7th best system across the globe (Dalgleish, 2014). This along with the high literacy rate has contributed to a progress in the fields of Science and Mathematics, amongst the students. This has ultimately resulted in significant developments in the field of technology, and in the various technical products. The high dependence on computers and mobiles has increased the online shopping and so, the chances of Aldi succeeding in New Zealand are high. Legal: As the crime rate in the country is very low, as well as, the corruption has been curbed from the society, the basic facilities can be easily enjoyed by the natives of the country (Chadwick, 2015). Companies from the other countries are encouraged to start their businesses here. But due to the excessive lending charges payable to the government, the profit margin is decreased. Though, to cope up with this, freedom of business and trade is provided in the country which helps the foreign companies in expansion of business and ultimately flourishing in the society. The foreign businesses are provided a full legal cover, and can conduct the business without any fear of legal implications, on the activities of the company. Environmental: The 2015 New Zealand Tourism Strategy is focused on the protection of the environment, and as a result, the government of the country, is finding newer solutions to decrease the CO2 emissions (Ministry of Business, Innovation and Employment, 2015). New Zealand has a unique ecological system. The population is well educated about the importance of environment, and is working towards removal of pollution in an effective manner. The latest technologies have been adopted to deal with the garbage, and to prevent the pollution of the atmosphere. Furthermore, new initiatives are constantly being taken up to make the country secure and free from pollution and dust. 5-Forces analysis To analyze the opportunities and threats in the firms industrial environment, in the chosen market, the Porter's five forces analysis has been used. Threat of new entrants A major threat for Aldi for establishing a business in New Zealand is in form of threat of new entrants. As this sector is highly profitable, more and more organizations are attracted towards this industry, and this creates a threat for the company. The more the number of competitors, the tougher it gets to earn the profits for the company. As a result of new entrants, the market share, as well as, profits can reduce. Though, this industry requires a huge capital investment to start up, and this does reduce the entrance of new firms in the industry. This capital is needed not only for the fixed facilities but also for operating the business (Oki, 2016). Further, the established firms in this regard already have access to the profitable distribution channels, as well as, have been established as trusted brands in the retail industry. This makes it difficult for a new entrant to enter this industry as such new entrant faces a risk of losing the invested money, due to high competition. So, it can be concluded, that the threat of new entrants, in the retail industry of New Zealand, is low. Threat of substitutes The threat of substitute creates another threat for Aldi. There are very strong competitors who offer similar services, and these include the giants like Woolsworths and Foodtown, as well as, the local supermarkets like Progressive Enterprises and New World. Having a huge number of rivals means having an availability of greater number of substitute products. Aldi has to face this threat, and as a result, is exposed to the potential reduction in the profitability, as well as, market share. The customers can easily switch between similar products, and this affects the sales, and income of any firm. The substitute products are easily available, so Aldi would have to come up with competitive, as well as, innovative strategies to attract more consumers, and to build a reputation of a trusted brand. The most important factor in the retail industry is a competitive price strategy. It can be concluded, that the threat of substitutes, in the retail industry of New Zealand, is high. Bargaining power of buyers The bargaining power of the buyers affects the prices of the products, and has the power to expand or decline an industry. The supermarket chain falls under retail industry, and in this industry, the consumers are very powerful. The strength of the buyers is quite high in the retail industry of New Zealand. Due to the high bargaining power of the customers, the companies have to decrease their prices, so as to attract more customers towards the company. There are a number of potential buyers and customers for the products. This creates an opportunity for Aldi. Even though the buyers have high bargaining power but the number of customers, creates a window of opportunity for the company. The higher the number of consumers, the higher is the chances of profit. And with the advancements in technology, the consumers have become more aware about the availability of substitutes, and the prices changed. This has again, helped in increasing the bargaining power of the buyers. So, the bargaini ng power of the consumer, in retail industry of New Zealand, creates fewer opportunities and more threats for Aldi. So, it can be concluded, that the bargaining power of buyers, in the retail industry of New Zealand, is high. Bargaining power of suppliers Suppliers are the backbone of any retail industry. There is a presence of high number of suppliers in New Zealand. Due to this high number of suppliers in the country, the competition amongst them is quite high. This can help Aldi in attaining goods, at lesser prices. Further, the cost of shifting from one supplier to the other is quite low, as a result of the easy availability of suppliers. This ultimately helps a company, as the cost of supplies is decreased, resulting in higher profits. The weak bargaining power of the suppliers, in New Zealand, provides lower dependence on the suppliers. So, it can be concluded, that the bargaining power of suppliers, in the retail industry of New Zealand, is low. Industry rivalry Aldi faces another threat in the form of industry rivalry, as there are number supermarket chains in New Zealand. These competitive rivals offer the same kind of services, and products in the market. The major competitors for Aldi are Big Fresh, Countdown, Four Square, Pak'nSave, Woolworths, and Price Chopper (Enz, 2013). And there are a number of other supermarkets too. Due to the presence of so many supermarket chains in New Zealand, the competition has become fierce to attain more customers, and a greater market share. So, Aldi would have to formulate such a strategy, so as to tap on the market share, to ensure profitability. Further, Aldi would have to attain, as well as, retain the customers to maintain proper amounts of profits. So, it can be concluded, that the industry rivalry, in the retail industry of New Zealand, is high. VRIO Analysis of Aldis Internal Environment VRIO is one of the business analyzing frameworks, and forms a part of the companys strategies. This is a form of internal analysis, which helps in evaluating the capabilities, and the resources of a company. In order to analyze the strength and weakness of Aldis internal environment, a VRIO analysis has been conducted. Valuable Rare Costly to Imitate Organized Properly Competitive Consequences Implications of Performance Tangible Resources Borrowing Capacity (Steiner, 2014) Yes Yes Yes Yes Sustainable Competitive Advantage Above Average Returns Smaller Stores Yes No No Yes Competitive parity Average Returns Opening Hours No No No Yes Competitive disadvantage Below Average Returns Lower Labor Cost No No No No Sustainable Competitive Advantage Above Average Returns Proper display of Products to improve efficiency (Creevy, 2010) Yes Yes No Yes Temporarily Competitive Advantage Above Average Returns to Average Returns Use of Manual System No No No No Competitive disadvantage Below Average Returns Differentiation of Product No No No No Competitive disadvantage Below Average Returns Financially Rich Parent Company Yes Yes Yes Yes Sustainable Competitive Advantage Above Average Returns Intangible Resources Amongst the largest food retailers across the globe Yes Yes Yes Yes Sustainable Competitive Advantage Above Average Returns Provides shopping bags and charges $2 as deposit for shopping cart (Aldi, 2016) No Yes No Yes Competitive disadvantage Below Average Returns Lower number of non-specialized employees No No No Yes Competitive disadvantage Below Average Returns Reputed Customer Service No No No No Competitive disadvantage Below Average Returns Properly trained area managers Yes Yes Yes Yes Sustainable Competitive Advantage Above Average Returns Good relationship with suppliers (Kohler, 2015) Yes No No Yes Competitive parity Average Returns Capabilities Salary of employees above average industry rate (Cronan, 2014) Yes Yes Yes Yes Sustainable Competitive Advantage Above Average Returns Buying Power (Felsted, 2014) Yes Yes Yes Yes Sustainable Competitive Advantage Above Average Returns Distribution Capability Yes No No Yes Competitive parity Average Returns Uniform prices across the countries Yes Yes Yes Yes Sustainable Competitive Advantage Above Average Returns Good quality products at lower prices Yes No No No Competitive parity Average Returns From the above analysis, the strengths and weaknesses of the firm have been evaluated. Some of these support the expansion plan of Aldi into New Zealand, whereas the others present a challenge for this expansion. The strengths of the company include the superior competency of the company, as well as, the sustainable competitive advantage, which helps the company in earning above average returns. The tangible, intangible resources, as well as, the capabilities which result in below average returns for Aldi, are the weaknesses of the company. In order to enter the market of New Zealand, Aldi would have to improve upon these below average returns factors. The factors that enable above average returns are the strengths of Aldi, and it has to ensure to formulate such strategies, which tap these strengths, in the market of New Zealand. The company has successful operations around the globe, and so the company does not have financial constraints to enter the market of this country. The tangible resources of the company constitute mostly of above average returns, and this is a good sign for the company as this showcases the strength of the company. At the same time, the tangible resources in the form of differentiation of the product, and the use of manual system attain below average returns for Aldi, and contribute to the weakness of the company. The intangible resources provide below average returns in the majority and hence, these can be considered as the weakness for the company, which would create difficulties for the expansion of the firm in New Zealand. Before entering the markets of New Zealand, Aldi would have to formulate strategies to improve upon the below average returns factors. So, the intangible resources of Aldi, have to be improved to ensure success in New Zealand. The biggest strength of Aldi can be seen in the capabilities part of the internal environment of the Aldi. This segment provides the most above average returns. Furthermore, there are no factors which produce a below average return for the company. Hence, the capabilities of Aldi would be the biggest supporter for the company, while entering the markets of New Zealand. Available modes of entry for Aldi To enter into the markets of New Zealand, three broad categories are available. These include export, direct or indirect; contractual in the form of turnkey projects, licensing or franchising; and investment mode in the form of joint venture or wholly foreign-owned enterprise (WFOE) (Osland, Taylor and Zou, 2001). Export refers to such an act of by a company, through which such company sends its products to the other country. This is the safest mode of entering a new market, as the risks are comparatively small. Further, by exporting, the sales can be expanded, and benefits can be reaped, not only because of increased market share, but also because of achieving economies of scale. In Direct Export, the produces sell their products directly to the importers (Trade Start, 2016). In these cases, the requirement of knowledge about the foreign market is negligible. In Indirect Export, the products are sold in the foreign market through export agents. The next mode of entry is the contractual mode. In turnkey projects, the foreign company exports its processes and technologies to another country, by establishing a plant, in the other country. A contractor is hired by the companies in the target market companies (Peng, 2016). This turnkey contractor is responsible for construction, design, installation, as well as, maintenance of the plant. On completion of the contract, this foreign company hands over the key of the project, and the project is considered as ready for operation. This method helps in gaining profits without political interferences. But the major disadvantage of this method is the risk of revealing secrets of the company to the rivals. Licensing is a contractual mode of entry in which the licensor (the company) grants the licensee (the foreign company), the right to use all or a part of the intangible properties in form of trademarks, copyrights or patents. This method is a speedy way to enter a market, and helps in marketing of the brand of the company (Nagel, 2012). Though, it is hard to monitor the patterns of foreign markets, as well as, to enforce the licensing agreements. In franchising, a firm (franchisor) transfers the concept of the business, which is already established, with related operational guidelines, to a foreign party in exchange for a fee. A high level of trust has to be established in this mode. The franchisors have the responsibility to improve the product mix, to promote the brand in the host nation, and ensuring the quality of the outlet (Nisha, 2016). The famous examples of franchising include KFC, McDonalds and Dunkin Donuts. The investment mode has two options, the joint venture and WFOE. A joint venture is a type of strategic alliance, in which two or more parties, pool their resources together, to fulfill the desired task. In a joint venture, one of the entities is the operating entity, looking forward to the expansion of its business activities, by entering a new market. This mode is selected to enter into a competitive multi-domestic market or a competitive global market. By forming a joint venture, with such a firm which already has the necessary infrastructure to manufacture the products in the targeted market, the venture is usually successful. Though, these partnerships require greater commitments, in terms of resources and time, in order to develop an effective working relationship, as well as, trust with the local company (Shishido, Fukuda and Umetani, 2015). A high level of control can be maintained in this form of partnership, and the benefits of the goodwill of the partner of the home countr y, can also be reaped in this form. Though there are high chances of conflict of interest, whereby one partner may hold the business back for their own profits. The lack of equal commitment from both the parties is also a source of disadvantage. The last and the best suitable mode of entry for Aldi is the wholly foreign-owned enterprise or WFOE. WFOE is a private and a limited liability type of company, which is completely and fully owned by a foreign company (New Zealand Trade Enterprise, 2016). WFOE provide greater efficiency and market control, as well as, control of the customers. Though, this mode requires higher risks, as the costs of investments are high and the chances of returns are uncertain. WFOE can be further classified into acquisition mode and the Greenfield investment mode. In an acquisition mode, two companies are combined, from different nations, in order to form a new legal organization (Buckley and Ghauri, 1999). The assets of the local company are acquired by the foreign company, and both the companies continue to exist. In Greenfield investment, a completely brand new subsidiary, in the targeted market country, is established to carry on the business activities. In this form, the new company is a clone of the parent company, with exactly same structure and strategies (Trakman and Ranieri, 2013). The most suitable mode for Aldi is the Greenfield investment. Greenfield investment mode helps in avoiding the trade restrictions in new market countries. As analyzed above, New Zealand has free trade policy and so, when Aldi enters the markets of New Zealand, by using this mode, it would not have to face any trade restriction. Another advantage of this mode is the lower costs of transportation, as well as, an avoidance of being affected by the fluctuations of the foreign exchange rates. Aldi has had successful operations in many nations, and so it is aware about the most suitable entry strategies to attain and retain customers, as well as, tap on the low bargaining policy of the suppliers. By utilizing the capabilities of Aldi (as analyzed in segment 3), the expansion strategy, by use of Greenfield investment, would prove the most beneficial for the company. References Aldi. (2013) About ALDI. [Online] Aldi. Available from: https://www.aldi.us/en/customer-service/faqs/about-aldi/ [Accessed on 01/10/16] Buckley, P.J., and Ghauri, P.N. (1999) The Internationalization of the Firm. 2nd ed. UK: Cengage Learning EMEA Chadwick, A.H. (2015) 10 fantastic places to raise a family in New Zealand. [Online] Red News. Available from: https://www.westpac.co.nz/rednews/property/10-fantastic-places-to-raise-a-family-in-new-zealand/ [Accessed on 01/10/16] Creevy, J. (2010) 10 ways Aldi changed retail. [Online] Retail Week. Available from: https://www.retail-week.com/sectors/grocery/10-ways-aldi-changed-retail/5015950.article [Accessed on 01/10/16] Cronan, B. (2014) IKEA, Gap, and eight more companies that pay higher than minimum wage. [Online] The Christian Science Monitor. Available from: https://www.csmonitor.com/Business/2014/0626/IKEA-Gap-and-eight-more-companies-that-pay-higher-than-minimum-wage/Aldi [Accessed on 01/10/16] Dalgleish, S. (2014) The 10 Best Education Systems in the World. [Online] Borgen Magazine. Available from: https://www.borgenmagazine.com/best-education-systems/ [Accessed on 01/10/16] Enz. (2013) New Zealand Supermarket Shopping Guide. [Online] Enz. Available from: https://www.enz.org/new-zealand-supermarket-shopping-guide.html [Accessed on 01/10/16] Felsted, A. (2014) Aldi and Lidl lead charge of discount supermarkets. [Online] Financial Times. Available from: https://www.ft.com/content/cbdf0bfa-fd61-11e3-bc93-00144feab7de [Accessed on 01/10/16] Kohler, A. 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