Mitsui Trading Company

In: Historical Events

Submitted By roykyaw
Words 931
Pages 4
i, Thu Yain Kyaw Disc Session: Friday, 9AM, Nicholas Hall
Case 9: Sherman Cochran, “Mitsui Trading Company” The Japanese Victory: An observation of Culture and Location The case “Mitsui Trading Company” chronicles the victory of Japan over the Western competitors in international commerce. The case mentions various reasons for the Mitsui’s success, but gave little observation to culture and geographical context as factors for the success. It can be argued that culture was in fact the most important factor as it seems to be the root factor that allowed for much of the strategies cited in the case to be successful; coupled with the geographical proximity of Japan to China, the Japanese had a strong advantage over the American firms. Firstly, between the three countries, Japan and China are likely to have a deeper level of shared culture than China with America. The two countries shared the Chinese writing system and literature culture over long periods of time (Lecture: Is there an East Asian Culture?). This shared East Asian culture could have accelerated the immersion of the Japanese China specialists within China, which the case attributes heavily as a factor of the Mitsui’s success. The case mentions that Mitsui was able to extend its foreign marketing organization much farther down China’s urban hierarchy than its American ricvals… (Cochran, Sherman Page 84). The Japanese were not only “familiar with China’s customs as well as its language” but went as far as to adopt wearing the Chinese garments and living with Chinese families (Cochran, Sherman Page 73). This level of immersion and the speed at which it was executed would perhaps have been impossible for the Americans to emulate as the cultural gap between United States and China would have been much larger. Another reason cited within the case for the Mitsui’s success at gaining a larger consumer…...

Similar Documents

Trading

...Short Introduction to Trading Theory (S.A.Bartlett) Markets possess both complex dynamic and quantum system qualities. Complex as current dynamics are fully determined by current conditions, with every resulting action or cause producing a reaction or effect, forming the base of subsequent future actions. Quantum as states of equilibrium and disequilibrium occurs between different price bands. With the inherit behaviour of dynamic systems highly sensitive to initial conditions, behaviour of price trends remain a deterministic non-periodic flow, with the perceived construction of trends a by-product of the intra and inter day assorted occurrences exhibiting force upon one another. As the occurrence of these deterministic non-periodic flows exhibit both the reflexivity and factual states of the market; reflexive in its self perpetuating/self defeating distribution, fractural in its display of similar dimensional structure, any qualitative trajectory remains highly dependant on the initial conditions. Given the complex dynamical structure of markets, where the initial conditions remain unstable, bifurcating in accordance with the proceeding reaction or effect, the production of long term (fortnightly, monthly quarterly etc) probability distributions remains highly inaccurate. However, as the use of the mathematical models measuring the structural stability, underlying dynamics and non-linear movement of the basin of attraction, the calculation of the probable......

Words: 593 - Pages: 3

Trading

...around 2000 years ago, knew that the first step or rather the first chapter to success is planning. You’d think they’d learn! * * At this stage, a villain would only think of preparing a plan that might lead them to victory but a hero would prepare a plan that can handle multiple possibilities which can turn a potential bad situation in to a moderate acceptable loss. And that is why good always triumphs against evil. Like any well thought out system or machine we require the blue prints and then parts. A car, for instance is a modern day miracle and irreplaceable part of our daily lives, but every car has some key components that are required for it to function, namely: the mechanics, the container, speedometer and rev meter. In the trading industry we also classify essentials into 3 sections: hardware, software and services. * * Hardware: We can start with the organs of every car, the mechanics under the shell, in our case the computer. What makes a Bugatti any different from Maserati, except the price tag? Horsepower, the one thing that puts you ahead of the enemy when racing down Lynnwood road, your ability to push your machine further faster than anyone else. The only way to achieve this would be to build a computer that is capable of running multiple applications at the same time. So what do we look for in such a machine: * Well the brain to any computer would be the CPU (Central processing unit), currently the best CPU on the market you can get......

Words: 2833 - Pages: 12

Erp Implementation in Gas Trading Company

...1. INTRODUCTION ERP has increasingly becoming popular among big and SMEs in today’s world. Tougher competition in the marketplace is generating the need to optimize resources, improve profitability and expand business requirements. Many companies are implementing ERP solutions to improve their day-to-day operations, improve response time on reporting to the Management and enhance capabilities. There are many solutions already established that can meet the specific business requirements of any organisations in any industry, hence choosing the right and the best solutions are essential to avoid wasting money and effort since ERP implementation could be excruciating and costly. Therefore, in order for a company to decide on which solution is the best for their business, they need to identify their existing processes and analyse in depth the existing flaws and their business requirements. This is supported by Travis (1999) who indicated that companies which put on greater efforts in ERP selection will achieve greater success. 2. EXECUTIVE SUMMARY According to Lee, Moon, and Lee (2006), ERP systems can be used as an integration with existing business systems and processes to assist an organization maintaining its competitive advantage. Consistent identification of such ERP changes or upgrades is essential to improve business processes due to robust technology development. Existing systems could expire and should be upgraded from time to time as business grows......

Words: 3712 - Pages: 15

Auditing Publicily Trading Company

...Auditing a Publicly Traded Company Darren Bruneck, Andrew Green, Shalatikka Smith ACC/541 October 20, 2014 Christine Errico MEMORANDUM TO: Christine Errico, Manager FROM: Darren Bruneck, Andrew Green, Shalatikka Smith DATE: October 20, 2014 SUBJECT: Auditing a Publicly Traded Company The goal of any publicly traded company is to make a profit. Many factors come contribute to the equation to achieve this goal. The most important factor is compliance with the Accounting governing bodies, such as GAAP (Generally Accepted Accounting Principles). As an accounting firm it is essential to review your financial statements for consistency regarding the accounting treatment of share-based payment and accounting consolidation theory as it relates to special purpose entities and consolidations. Non Compensatory stock options are options that are not meant to compensate employees, but rather to raise capital or increase employee ownership in the company. If the option is non-compensatory then the company would treat them like any other stock sale. These types of options do not generate an expense for the company, so in this respect there is no affect to net income. Non-compensatory options must meet certain qualifications such as time in service, being a full time employee, and the same option must be available to all eligible employees. These types of options also have to be exercised in a specific period. Compensatory stock options are considered......

Words: 1070 - Pages: 5

Trading

...unbeneficial. The reasons that WTO stated include: technology changes, protectionism, and import competition (Growth and jobs). Protectionism occurs when a country design regulations to protect “domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports of foreign competitors” (Protectionism, 2015, para. 1). In reality some countries can adjust better than other countries because of the effectiveness in their policies. In addition, it is clear that the world seemingly operates more effectively via free trade and restricting free trade tends to create more problems. Then again, free trade can stimulate economic long-term growth by providing numerous trading opportunities to gain a comparative advantage, unlimited production possibilities, and improve efficiency (output of products) (McConnell, Brue, & Flynn, 2015). International trade can create jobs through exports; in fact, the Department of Commerce compiled a report showing that exporting goods play a critical role in relation to employment. Exports created jobs and increased the GDP (Gross Domestic Product) because it expanded the global market for businesses by providing opportunities (Massoudi, n. d.). Furthermore, the data shows that U.S. exports increased to nearly $1.7 trillion and created $165,000 jobs per export (Massoudi, n. d., para. 3). Free trade has a positive impact on the economic condition because of the......

Words: 360 - Pages: 2

Equities Trading in a Company

...under a license and may be used only in accordance with the terms of such a license. The products and companies mentioned herein are for the purpose of identification or example. They may be trademarks and/or registered trademarks of their respective manufacturers. Adobe® Acrobat® Distiller® and Adobe® Acrobat® Reader® are registered trademarks of Adobe Systems Incorporated in the United States and/or other countries. Axys® is a registered trademark of Advent Software, Inc. Bloomberg® is a registered trademark of Bloomberg L.P. Citrix® is a registered trademark of Citrix Systems, Inc. in the U.S. and other countries. TNS related marks, logos, and product names are trademarks of Transaction Network Services, Inc. FIX is a public-domain specification owned and maintained by FIX Protocol, Ltd. Global Portfolio System™ is a trademark of DST International (DSTi). InfoQuest™ is a trademark of DST Systems, Inc. INSTINET and the INSTINET mark are registered service marks in the United States and other countries. Intel® is a registered trademark of Intel Corporation. InstallShield® is a registered trademark of InstallShield Software Corporation. INVEST ONE® is a registered trademark of SunGard Data Systems, Inc. Metavante™ is a trademark of Metavante Corporation. Omgeo Central Trade ManagerSM and Omgeo OASYSSM are service marks of Omgeo LLC, a DTCC / Thomson Financial Company. PAM® is a registered trademark of Princeton Financial Systems, Inc. Microsoft® Windows®,......

Words: 29057 - Pages: 117

Trading

...Essay One In the paper The Dark Side of Trading, Dichev, Huang & Zhou (2014) investigate the effect of high trading volume on observed stock volatility controlling for fundamental information. Past literature almost unanimously states that high volumes of trading are always good as they are correlated with lower transactions costs, easier, faster and cheaper creation and adjustment of investment positions, lower cost of capital and higher prices. However one of the implications of the study is that increased trading also bring downsides that impact various market participants (investors, managers and regulators). The literature seems ignore the fact that a high volume of trading can also be destabilizing, as it injects a layer of trading-induced volatility over and above fundamental volatility. Practices like circuit-breakers employed by regulators to halt trading when prices fall dramatically sustain the fact that the market can sometimes go haywire for no particular reason related to fundamentals. Thus such policies are consistent with the view that trading can create its own volatility and it can get so out of hand that the best thing to do is to halt trading so everyone can cool off. The authors did three experiments, they used matched ETF and dual-class stocks as settings with substantial variation in trading but good natural controls for the underlying fundamental, and then they examined the aggregate time-series of U.S. stocks since 1926 and the cross-section of......

Words: 1194 - Pages: 5

Mitsui & Co: the Dpf Incident

...Case: Mitsui & Co: The DPF Incident 1. Analyze the strategy Utsuda put in place for Mitsui. What would you change? Why? Problem definition: Mitsui & Co. is involved in a second corporate scandal, even though the company has tried to change the corporate culture after the first corporate scandal, in order to prevent this from ever happening again. We can analyze Utsuda’s strategy by using the STAR Model by Edward E. Lawler (1996). Strategy * Mitsui wants to become a global business enabler that meets customer needs. * Company strategy: * Who: customers throughout the world (company is present in 79 countries). * What: a broad array of products and services in five business areas. * How: by embracing the challenge of continuous innovation and the belief that employees are the core drivers of value. Structure * Mitsui is one of the largest corporate conglomerates in Japan and operates in five different business areas: * Petroleum and natural gas. * Information technology, electronics and power plants. * Chemical production. * Minerals and metals. * The company is matrix-oriented and split into three regions, which are managed independently. * Thirteen headquarter business units serve as cross-regional, vertically integrated functions. Rewards * Mitsui offers lifetime employment. * The company has a results-based remuneration scheme that focusses on short-term quantified targets......

Words: 1113 - Pages: 5

Trading

...When it comes to FX trading, traders have two sets of currencies that come in a pair. The fluctuations in the exchange rate between these two currencies are where a trader looks to make profit on the Exchange Market. If trader believes that the foreign currency will appreciate against the USD, the trader’s profits will rise with every increase in the exchange price. However if the foreign currency were to fall against the dollar, than the trader would take a loss. Seems simple enough, however traders have option to buy or sell that foreign currency at any time and can go both ways of the currency. So even if the foreign currency were to depreciate against the USD, the trader can still make a profit if they were to sell the dollar on the exchange market. To bring some clarity lets take a look at the Yen. If the Yen were appreciate (rises) against the dollar. A trader would than buy the Yen. By buying the Yen the buyer is also selling the dollar on expectation that the exchange price of the Yen will rise in value. The trader will than decide to close the position, selling the Yen with the exchange price higher than when they first bought it leaving them an increase in value or profit. Now if the Yen were to depreciate against the dollar, the YEN/USD exchange price will fall. That would than leave the trader with a loss as the exchange price falls below their purchase level and leave them a loss. In any trading market, the traders have the option of buying or selling......

Words: 860 - Pages: 4

Trading

...cotton farmers will receive at least $0.70 for every pound of cotton they harvest. If world cotton prices fall below this level, the government makes up the difference, writing a check to the farmers. Some 25,000 United States cotton farmers received some $3.4 billion in annual subsidy checks. Total agricultural subsidies in the United States amount to some $43 billion a year according to OECD figures. Japan is also a large subsidizer, providing some $47.4 billion in subsidies to farmers every year. In relative terms Switzerland, which is not an EU member, spent the most. Subsidies made up a remarkable 68 percent of its farm economy. Iceland was at 67 percent and Norway at 64 percent. European Union subsidies equaled 32 percent of that trading block’s farm economy, while the United States figure was 16 percent. One consequence of such subsidies is to create surplus production. That surplus is sold on world markets, where the extra supply depresses prices, making it much harder for producers in the developing world to sell their output at a profit. For example, EU subsidies to sugar beet producers amount to more than $4,000 an acre. With a minimum price guarantee that exceeds their costs of production, EU farmers plant more sugar beets than the EU market can absorb. The surplus, some 6 million tons per year, is dumped on the world market, where it depresses world prices. Estimates suggest that if the EU stopped dumping its surplus production on world markets, sugar prices......

Words: 1625 - Pages: 7

The Pacific Futures Trading Company

...2011 CASE ANALYSIS: SCIENTIFIC INVESTIGATION THE PACIFIC FUTURES TRADING COMPANY For some time, theoretical and empirical evidence suggested that the Efficient Market Hypothesis, the Capital Asset Pricing Model, and other rational financial theories did a good job of predicting and explaining the behavior of investors. However, recently, the ‘rationality’ of financial markets - and more specifically investors - is a hot topic in the financial economics literature. Recent research has argued and shown that investors often make mistakes; they behave irrationally and exhibit a number of financially damaging biases, such as loss aversion, herding, overconfidence, and overreaction (Barber and Odean, 2001; DeBondt and Thaler, 1986; Fischoff and Slovic, 1980; Gervais and Odean, 2001; Huberman and Regev, 2001; Kahneman and Tversky, 1979). These irrationalities are frequently attributed to psychological factors such as fear, greed, regret, and other emotional responses to price changes and changes in personal wealth. A growing number of economists, psychologists, and financial-industry professionals have begun to use the terms ‘behavioral economics’ and ‘behavioral finance’ to differentiate themselves and their ideas from the standard, rational theories (such as the Efficient Market Hypothesis) in economics and finance. Akrisios Stathopoulos is the President of the Pacific Futures Trading Company (PFTC). Futures trading is a form of investment which involves speculating on the......

Words: 1292 - Pages: 6

Insider Trading

...Why Is Insider Trading Considered Wrong? Insider trading is defined as “the trading of a public company's stock or other securities (such as bonds or stock options) by individuals with access to nonpublic information about the company. The stock market is supposed to be “fair,” and having insider information gives an illegal edge to possible investors. Insiders include those such as officers or directors of a certain company. They can also include investors that own more than a 10% share in a company because those individuals usually get to sit on the board. These individuals have a fiduciary duty to the owners of the company’s stock, meaning that they put their interests before their own. Furthermore, in the United States, insider trading does not have to be committed by an aforementioned “insider.” It can be committed by any shareholder who buys based off of nonpublic knowledge. When one person buys a stock because of nonpublic information, there is also a seller of that same stock that may have not made that sell decision if they knew the same nonpublic information, and vice versa. In addition, future buyers of that particular stock are going to pay inflated prices compared to the investor with insider information because he had access to that information first. Transparency is a big part of keeping the markets balanced, which means that all investors have the same information available to them. For example, it would not be fair if one student had the test bank for a......

Words: 2976 - Pages: 12

Insider Trading

...One of the most important issues covered by the Securities Exchange Act concerns illegal insider trading in which individuals sell or purchase investments based on privileged inside information. Illegal insider trading activities significantly harm the integrity and stability of the securities markets. Thus, it is critical for people to understand and adhere to the requirements set forth by the Securities Exchange Act to prevent illegal insider trading, and it is equally important for those individuals who break the law and engage in these prohibited activities to be prosecuted and punished accordingly. There are two forms of insider trading, one that is considered legal and the other that is clearly illegal. The legal form of insider trading involves corporate officers and directors who buy and sell stock within their own companies on the basis on publically available information. So, once the company releases confidential information to the public, then the insiders are allowed to legally make their trades based on that information.3 The illegal form of insider trading is a common type of security fraud. This type of insider trading involves anyone buying or selling investment vehicles, such as stocks, bonds, and other securities, based on valuable information that is not available to the general public. When an individual has privileged information on a particular company, this confidential information has not yet affected the stock price, but once the information......

Words: 3700 - Pages: 15

Trading

...Interest Rate |   | Year 1 | Year2 | Year3 | Low |   | 8% | 14% | Middle | 4% | 10% | 16% | High |   | 12% | 18% | Trading Case B02A The spot interest rate is known with certainty, while in year 2 and year 3, there are three possible interest rates. This creates scenarios of interest rates; 9 scenarios in year 1 and year2, and 3 scenarios in year 3. As a result, there are ranges of possible fair value for the bonds.   | Year 1 | Year 2 | Year 3 | 1 | 4% | 8% | 14% | 2 | 4% | 8% | 16% | 3 | 4% | 8% | 18% | 4 | 4% | 10% | 14% | 5 | 4% | 10% | 16% | 6 | 4% | 10% | 18% | 7 | 4% | 12% | 14% | 8 | 4% | 12% | 16% | 9 | 4% | 12% | 18% |   | Year 1 | Year 2 | Year 3 | 1 |   | 8% | 14% | 2 |   | 8% | 16% | 3 |   | 8% | 18% | 4 |   | 10% | 14% | 5 |   | 10% | 16% | 6 |   | 10% | 18% | 7 |   | 12% | 14% | 8 |   | 12% | 16% | 9 |   | 12% | 18% |   | Year 1 | Year 2 | Year 3 | 1 |   |   | 14% | 2 |   |   | 16% | 3 |   |   | 18% |   | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 98.232 |   | 85.852 | 72.756 | MAX | 104.426 |   | 89.031 | 78.098 | AVG | 101.285 | 96.154 | 87.432 | 75.387 | At the beginning of year 1 , Zero C1 would matured and no longer tradable. For the other three bonds, we have private information which enables us to cut out an interest rate, lefting with 6 scenarios. TRADE AT BEG YEAR 1 (interest not LOW) |   | Cp Bond | Zero C1 | Zero C2 | Zero C3 | MIN | 92.161 |   | 89.286 | 75.666 | ...

Words: 461 - Pages: 2

Trading

...un mismo exportador o cooperativa. - Interesados en desarrollar relaciones cercanas con productores y exportadores y por exigir alta calidad. - Buscan exclusividad y diferenciación de orígenes. - Importan grandes volúmenes, pero el café certificado rara vez representa más del 10%. - Aquí se encuentran traders como Neumann, Volcafe e Ecom Trading que poseen empresas - Independientes para importar café de alta calidad: Interamercan, Volcafe Specialty y Atlantic Coffee, respectivamente. Figura 20. Características de los Importadores de Café Especial certificado en EE.UU. Fuente: Sociedad Consultora Maximixe. Estudio de Mercado (2005) Bird Friendly 14 Fair Trade 50 Organico 66 Figura 21. EE.UU.: Número de Importadores de Café Certificado Fuente: Centro de Inteligencia sobre Mercados Sostenibles. Estudio de Mercado (2005) 95 Tabla 11. EE.UU.: Principales Importadores Especializados de Café Certificado - 2004. Importador / Trader Alterra Coffee Roasters Atlantic Specialty Coffees Café Imports Coffee Holding Co. Inc. Elan Organic Coffees Holland Coffee Inc. InterAmerican Commodities OPTCO Paragon Coffee Trading Co. Royal Coffee Sustainable Harvest Volcafe Specialty Coffee Orgánico x x x x x x x x x x x x Comercio Justo x x x x x x x x x x x x Bird Friendly x x x x x x x x Fuente: Centro de Inteligencia sobre Mercados Sostenibles. Estudio de Mercado (2005) Existen aproximadamente 1,200 tostadores de café en EE.UU., de los cuales 357 ofrecen......

Words: 62612 - Pages: 251

NYX Lipstick Narcissus Silver | Summer Dresses | Kotoura-san