International Strategic Management Honda Entering USA

Introduction Most multinational corporations analyse the political risks associated with investing in a particular country in order to avoid the risk of financial losses.Advertising We will write a custom essay sample on International Strategic Management: Honda Entering USA specifically for you for only $16.05 $11/page Learn More However, it should be noted that, effectively managing political risk can also be beneficial to companies in that it can help them take advantage of opportunities that they may not have identified if they had not carried out the risk analysis. This political risk assessment of the US business environment by Honda Corporation will therefore be carried for two purposes; to identify the risks facing the company and to identify the benefits that the company might realise in the event that they invest there (Jakobsen, 2010). Political environment It is very clear that country politics and the politicians do not operate separately fr om other affairs of a country and therefore most of the political changes that are experienced in a country are as a result of the various changes in the economic, social and cultural aspects of the country. This shows that even though most regulatory measures such as tax rates are decided upon by politicians, these regulations and considerations will generally be based on the economic conditions such as the economic status of the country and the effect these new regulations will have on the economy as a whole. This shows the importance of analysing the political environment of a country in relation to its effect on the operations of a multinational company planning to invest there. Rules and regulations established by politicians in the course of normal legislative duties impact on the activities of a business in terms of influencing the operational costs. These regulations also influence the marketing and distribution strategies adopted by a company in that particular country (Jen sen, 2006).Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In the US, one of the major features of the economy is the way the private sector is allowed a lot of freedom to the extent that most of the economic decisions that determine the direction and the extent of production of the economy are made by members of the private sector. This is made possible due to the relatively low levels of regulations on business activities and the low levels of government intervention on the activities of the private business sector. The court system is also a major contributor to this freedom as it is charged with the responsibility of enforcing contracts and protecting the intellectual property of business entities. This freedom has contributed to the growth of businesses in the US and to the rapid growth of the economy of the country (Jensen, 2008). One of the major influences of political regulations in the US is the enactment of the Sarbanes-Oxley – 2002 which brought about stringent regulations on the financial reporting of companies operating in the country (Jain Rezaee, 2006). This has the implication that if the management of Honda decides to invest in the US, then they have to comply with the requirements of this act. Analysing the business environment of the US today reveals that the government has always tried to develop the country’s economy based on free competition and capitalism. This has been done through establishing laws and regulations that promote business operations in the country as well as the entry and operations of multinational corporations like Honda. Conclusion Based on the evaluation of the current business environment in the US, Honda Corporation can enter the US market because the country provides a good political environment for the business operations of multinational corporations.Advertising We will write a custom essay sample o n International Strategic Management: Honda Entering USA specifically for you for only $16.05 $11/page Learn More However, the management of the company must prepare to comply with the regulations of the Sarbanes-Oxley Act 2002 which requires the restructuring of the financial reporting process to allow more openness and transparency. Competition is also stiff in the US and therefore Honda must develop quality products and services in order to survive in business. References Jain, P. K., Rezaee, Z. 2006, The Sarbanes-Oxley Act of 2002 and capital-market behavior: Early evidence. Contemporary Accounting Research, vol. 23 no. 3 pp. 629-654. Jakobsen, J. 2010, Old problems remain, new ones crop up: Political risk in the 21st century, Business Horizons, vol. 53 no. 5, pp. 481-490. Jensen, N. M. 2006, Nation-states and the multinational corporation, Princeton, New Jersey: Princeton University Press Jensen, N. M. 2008, Political Risk, Democratic Institutions, and Foreign Direct Investment, Journal of Politics, vol. 70, no. 4, pp. 1040-1052. This essay on International Strategic Management: Honda Entering USA was written and submitted by user Julissa C. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

All About Exterior Paint Problems and How to Fix Them

All About Exterior Paint Problems and How to Fix Them What are the safest ways to remove paint? Does exterior paint need to be taken off down to the bare wood? Do heat guns really work? These are questions homeowners around the world face. You are not alone. Fortunately, the paint problems of one persons home are the same faced by other homeowners. Believe it or not, the  U.S. Department of the Interior has come to the rescue. It wasnt until 1966 that the U.S. became serious  about preserving its historic heritage. Congress passed the National Historic Preservation Act and charged the  National Park Service (NPS)  with supporting historic preservation programs and activities. Their handy series of preservation briefs are geared toward historic buildings, but the information is great professional advice that anyone can use. Exterior Paint Problems on Historic Woodwork,  Preservation Brief 10, was written by Kay D. Weeks and David W. Look, AIA for the Technical Preservation Services. Although written back in 1982 for historic preservationists, these recommendations are good starting points for homeowners to come to terms with what needs to be done. Here is a summary of the historic preservation guidance and expertise for painting exterior wood siding - with links to more information from the original brief. Selecting the Safest Method to Remove Paint Removing paint involves work - that is, the manual labor of abrasion. How much time and effort are put into paint removal (or paint preparation) is a judgment call and may be the most difficult decision you make. Basically, you can remove paint from your homes exterior siding by three methods: 1. Abrasive: Rubbing, scraping, sanding, and generally using friction. Use a putty knife and/or a paint scraper to dislodge anything loose. Then use sandpaper (orbital or belt sanders are okay) to smooth each area. Do not use rotary drill attachments (rotary sanders and rotary wire strippers), do not water blast or pressure wash, and do not sandblast. These abrasive methods may be too harsh to the siding itself. Pressure washing above 600 psi may force moisture into places where it should not go. A gentle garden hose for cleaning up is okay. 2. Thermal and Abrasive: Heating paint to a melting point and then scraping it from the surface.  For thick layers of built-up paint, use an electric heat plate, an electric heat gun, or a hot air gun that heats from 500 °F to 800 °F. The blow torch is not recommended. 3. Chemical and Abrasive: Using a chemical reaction to soften the paint to make it easier to scrape away. For many reasons, use chemicals only as a supplement to other methods of paint removal. They are too dangerous for you and the environment. Two classes of chemicals are solvent-based strippers and caustic strippers. A third category is biochemical, which may be marketed as bio- or eco- but its the chemical part that makes it work. Paint Removal Precautions Any house built before 1978 may have lead-based paint. Do you really want to remove it? Also, dont substitute speed for safety. Only use the recommended methods listed above. Keep yourself safe and your house in one piece. Paint Surface Conditions and Recommended Treatments Ask yourself why you want to paint your house. If there is no paint failure, adding another layer of paint may actually be harmful. When paint builds up to a thickness of approximately 1/16 (approximately 16 to 30 layers), say the authors of Preservation Brief 10, one or more extra coats of paint may be enough to trigger cracking and peeling in limited or even widespread areas of the buildings surface. Repainting buildings for cosmetic reasons are not always good reasoning. Sometimes you dont need to remove old paint at all, especially for these conditions: Dirt and Grime: Sometimes road dirt and salt can make siding look worse than it is. Clean it with l/2 cup of household detergent in a gallon of water with a medium soft bristle brush and then a gentle hosing.Mildew: Clean with a medium soft brush using one cup non-ammoniated detergent, one-quart household bleach, and one gallon of water. Try to open the area to the sun to avoid further mildew.Paint chalking is that white film on the surface of old paint that is breaking down. Clean the area with a medium soft brush using l/2 cup household detergent to one gallon of water.Stained paint occurs most often from metal or wood becoming moist and coloring the painted surface. Determine the cause of the stain, but its usually unnecessary to remove the paint. Limited paint removal can be considered for these conditions: Paint Crazing: Crazing is fine, jagged interconnected breaks in the top layer of paint. It happens when a house has many layers of paint that become hard and brittle, not allowing expansion and contraction with the wood. Sand off a layer and repaint.Paint Blistering: To distinguish between solvent blistering and blistering caused by moisture, a blister should be cut open.Wrinkled Paint: This happens when the paint has been put on incorrectly. The authors call this an error in application. In a historic building, leave a small out-of-the-way patch untouched for archival purposes. A record of all of the paint layers through the history of the house is useful for future historians. Unfortunately, some conditions require complete removal of exterior paint: Paint Peeling: Before painting, remove sources of moisture inside and outside, as described by the authors: Excess interior moisture should be removed from the building through installation of exhaust fans and vents. Exterior moisture should be eliminated by correcting the following conditions prior to repainting: faulty flashing; leaking gutters; defective roof shingles; cracks and holes in siding and trim; deteriorated caulking in joints and seams; and shrubbery growing too close to painted wood.Cracking and Alligatoring: These symptoms are advanced stages of crazing. General Paint Type Recommendations Paint type is not the same aa s paint color. The type of paint to choose depends on the conditions, and most old (historic) homes will have oil-based paint somewhere in the mix. Remembering that this article was written in 1982, these authors seem to like oil-based paints. They say, The reason for recommending oil rather than latex paints is that a coat of latex paint applied directly over old oil paint is more apt to fail. Justification for Paint Removal A major purpose for exterior paint is to keep the moisture out of your home. Often you dont need to remove paint down to the bare wood. To do so usually requires harsh methods that may damage the wood. Also, the layers of paint on a house are like the rings of a tree trunk - they provide a history that future owners may want to analyze in a laboratory during an architectural investigation. Painting a house every 5 to 8 years protects exterior wood siding from moisture penetration - and can add some zing to your homes curb appeal. Regular maintenance of a house will include mere cleaning, scraping, and hand sanding. Where there is a paint failure, determine and fix the cause before you even begin a painting project. Treating paint problems often means a total painting of the structure may be unnecessary. However, if you determine that you need to paint your house, keep two things in mind before you repaint: (1) only remove the top layer of paint down to the next sound layer; and (2) use the gentlest means possible. The authors summarize their findings by repeating their cautious approach to painting and paint removal. The bottom line is this: There is no completely safe and effective method of removing old paint from exterior woodwork. Learn More PDF Secretary of the Interiors Standards for the Treatment of Historic Properties With Guidelines for Preserving, Rehabilitating, Restoring, Reconstructing Historic Buildings by Kay Weeks and Anne E. Grimmer, 1995, revised 2017 by Anne E. GrimmerNotes: Headings are linked to the complete section of Preservation Brief 10 on the NPS website. Quotations are from that online version. The order of sections on this page may differ from the official version. A 12-page, black and white PDF version of Preservation Brief 10 is also available.