What are they? What is the key difference between an economy of scale and an economy of scope? https://cdnapisec.kaltura.com/index.php/extwidget/preview/partner_id/956951/uiconf_id/38285871/entry_id/1_e6f88crm/embed/dynamic
One source of growth is external growth from a merger and/or acquisition. Often merger/acquisition are justified on the basis of the expected benefits from ‘synergies’ created by the merger/acquisition. Economists know these as economies of scale and economies of scope.
Select one of the below mergers and acquisitions and determine if the synergies come from economies of scope or economies of scale. Make sure you provide a clear explanation of the difference between economies of scope and economies of scale. The link above is to some help provided by Dr Cruceru.
a) Sirius XM acquires Pandora;
b) the yet to be concluded merger of Sprint, T-Mobile and Metro PCS;
c) the merger of Strayer University and Capella; or
d) the Renault/Nissan/Mitsubishi Alliance.
Synopsis The Student trade program from Xavier Institute of Management and Entrepreneurship to Guangdong University of Foreign investigations, Guangzhou, China was held between 28th December 2018 to fourteenth January 2019. The 17-day program was spread around 5 significant places around China, in particular Hong Kong, Shanghai, Beijing, Guangzhou and Macau. The program started with touring, business visits and visits around Hong Kong, Shanghai and Beijing, after which we went to Guangdong University of Foreign Studies, Guangzhou where the Winter trade program was held. The fundamental focal point of the program was to comprehend the contrasts between the business styles in India and China, how both the nations could improve their business connections, how AI could influence organizations and to comprehend the Chinese culture, their method for driving life and how they work together. There were 4 significant Industry visits at Guangzhou, led as a feature of the multi week program at GDUFS. These were at Golden Sea electronic organization, Guangzhou Zhujiang Brewery Group Co. Ltd., Othello cookware and Guangdong Eagle blessings. The understudies of XIME were welcomed and invited by Professor Yuan Denghua, Deputy Dean of School of Business, GDUFS at Hotel Qing Yayuan. This was trailed by a customary Chinese invite supper, where Prof. Yuan Denghua additionally sat together alongside the understudies. The main talk was on fourth January 2019, led by Prof. Zeng Yuran, where Ms. Zeng talked about Artificial knowledge and the administration advancements related with AI. This was trailed by another canny talk by Prof. Du Yuping, who secured themes with respect to the Chinese buyers and the different universal business openings. A contextual analysis was additionally done on the point Original Equipment Manufacturing (OEM), Original Design Manufacturing (ODM) and Original Brand Manufacturing (OBM) way for organizations from developing markets. The talk on the subsequent day was led by the Dean of School of Business, GDUFS, Prof. Zhu Wenzhong. He discussed the point Globalization and CSR. The next day’s talk was by Prof. Yuan Denghua who gave a direction on Global MBA Education. Prof. Wu Yiming gave the following talk which was about the theme “Capable Management”, which was the remainder of talks. On ninth January 2019, the understudies of XIME were isolated into gatherings and each gathering needed to plan introductions about their understandings of the whole program. This was trailed by dissemination of the Certificates and the social projects by both XIME understudies and the understudies of School of Business, GDUFS. The understudies left GDUFS, Guangzhou on tenth January 2019, for Macau, where we were taken for touring and visits. What’s more, on eleventh of January, we came to Hong Kong where we went through 3 days before coming back to India on thirteenth January. College PROFILE GUANGDONG UNIVERSITY OF FOREIGN STUDIES Situated in the Guangdong Province in South China, it is one of the most lofty colleges in China which has practical experience in International investigations. It was built up in June 1995 through the merger of Guangzhou Institute of Foreign Languages and Guangzhou Institute of Foreign Trade. It offers 61 four year certification claims to fame and shows 18 unknown dialects. The school has built up tie ups with a large group of global associations and driving scholastic establishments, of which Xavier Institute of Management and Entrepreneurship (XIME) is additionally a piece of. Starting at 2014, the college had gotten around 2600 understudies from 116 unique nations. The college serves in excess of 20400 full-time college understudies, in excess of 2000 alumni understudies and more than 13000 universal and proceeding training understudies. Their main goal, vision and qualities are as per the following: Crucial To turn out top of the line business experts. Vision – To develop into an elevated level internationalized business college with particular highlights. Qualities – Social Responsibility, Mutual Respect, Integrity, Learning by doing enterprise. GRADUATE SCHOOL OF BUSINESS Established in July 2007, it is a school level foundation focused on MBA instruction. The school focuses on “Worldwide Vision” wherein they create worldwide chiefs with information and bits of knowledge of both the eastern and western pieces of the world. The school endeavors to build a worldwide MBA training framework that coordinates educational plan structure, workforce improvement, universal collaboration, social help and program the board. PROGRAM SCHEDULE AT GDUFS, CHINA DATE TIME Action Agent 4/1/19 8:15 – 9:45 Computer based intelligence and Management Innovation Prof. Zeng Y uran 10:00 – 12:00 Chinese customers and International Business Openings Prof. Du Yuping 13:30 – 19:30 • The contextual investigation of an OEM, ODM and OBM way for organizations from developing markets. • Othello Cookware business visit. Prof. Du Yuping Prof. Zhu Wenzhong 5/1/19 9:30 – 11:30 Globalization and CSR 14:30 – 17:30 Guangzhou Pearl River Brewery Group Co. Ltd. Sissie 6/1/19 9:30 – 11:30 Direction on Global MBA instruction Prof. Yuan Denghua 14:30 – 17:30 Dependable Management Prof. Wu Yiming 7/1/19 9:30 – 11:30 Brilliant Sea Electronic Co. Business Visit . Sissie 14:30 – 17:30 Guangdong Eagle Gifts Co. Ltd. Business visit Prof. Yuan Denghua 9/1/19 9:30 – 11:30 Introduction By XIME understudies, Certificates Award Ceremony, Social Programs. Prof. Yuan Denghua 9 Study hall LECTURES Talk 1: ARTIFICIAL INTELLIGENCE AND MANAGEMENT INNOVATION By Prof. Zeng Yuran The talk was conveyed by Prof. Zeng Yuran. She is a partner teacher at the School of Business, GDUFS. She is additionally a meeting researcher of Lancashire University for Academic trade and course interest. She began her session by relating AI with conventional and antiquated terms, for example, the Chinese Tai Chi which intends to figure or prescience and Indian term “Jyothish” which is crystal gazing. Key Success Factors of Artificial Intelligence • Understanding the client situation – AI helps in foreseeing the client conduct from the information that it has recently gathered and with this it gives helpful and separated bits of knowledge to the clients, improving the client experience. • Big Data – Big information from the Web, is fundamentally the contribution for AI. Computer based intelligence utilizes it in a more intelligent manner and aides in better expectation of results. • Computing Capability • Top Talent – AI helps in improved enrollment of representatives, in a route superior to the customary selecting techniques. 4 key inquiries were examined about AI. The dialog was finished by making bunches among understudies. Coming up next are the issues and the appropriate responses from the group that I was a piece of. 1. In the administration world, do we truly require AI? Indeed, in this day and age which is changing step by step, with quick developments of organizations and innovation. The requirement for Ai is on the ascent , a portion of the reasons why we require it are as per the following. • Getting free of human blunders. • Improved basic leadership. • More precise estimating. • Substituting dull or dreary employments. • Multiple specialization. 2. In which ways would ai be able to streamline our administration practices or exhibitions? • Reduce documentation • Big information investigation • Logistics 3. Do you see any zones which has a major potential for the utilization of AI in the board? • Customer care and relationship. • Conjoint Analysis. • Stock market expectation • CAD and CAM • Materials taking care of framework. Talk 2 : CHINESE CONSUMERS AND INTERNATIONAL BUSINESS OPPORTUNITIES By Prof. Du Yuping Teacher Du Yuping directed this session on Chinese customers and International business openings. She has a PhD in International Business Management. She is the head educator of Master of International Business (MIB) and MBA chief at the Guangdong University of Foreign Studies (GDUFS). She was extremely energetic all through the program, and she much of the time discussed how she jumped at the chance to show Indian understudies. She started by talking about the Chinese markets and the urban communities which offer the best open doors for business in China , which were Shanghai, Beijing and Guangdong. Client Based Brand Equity – She talked about the Keller’s Brand value model and proceeded to expand the accompanying. 1) Resonance 2) Judgment 3) Feelings 4) Performance 5) Imagery 6) Salience She at that point recommended that stage business is perhaps the best type of business right now. Stage business is one in which a stage or a market is made where venders and purchasers can meet. She at that point clarified the idea of Black box , which is a framework wherein the data sources and yields and the connection between them possibly known, yet the inner structure or working isn’t surely known or may not be known due to its secret nature. Correspondingly, she talked about a Buyers discovery which incorporates the Buyer qualities and the purchaser basic leadership. Prof. Du Yuping then clarified about the incorporated showcasing correspondence framework to assemble brand value regarding the Chinese Market ,. Where promoting is done through the commercials, sites, displays, colleges and so on and correspondences through interpersonal organizations, for example, Tik Tok and Weibo, through podcasting, through Baidu and worldwide schools, which progresses in the direction of accomplishing brand value. Some more dialogs with respect to Chinese market and economy in regards to the Double 11 and the anticipated figure that China would have 20% of the World GDP by 2050 were likewise done. What’s more, she finished up her talk by examining the 10 potential patterns in the following 10 years : • A blasting white collar class reshapes utilization • The “turning gray of China” makes new requests. • Digital “little heads” increase expectation. • Urbanization takes another bearing. • The sharing economy spreads to a lot more categor>GET ANSWER Let’s block ads! (Why?)