Critically Discuss the Suitability, Feasibility and Acceptability of Essay

Critically Discuss the Suitability, Feasibility and Acceptability of the International Strategy of Amazon.com Organisation - Essay Example Amazon.Com has been one of the initial companies to sell goods over the web. The company was founded by Jeff Bezos in 1994, and launched to the worldwide market in 1995. Initially, the company started as an online bookstore and then rapidly broadened into different divisions such as Video Home System tapes and DVDs, music CDs, software, video games, electronic goods, toys, furniture and clothing as well as food items. Amazon considers its existence as entirely customer-centric business, which is focused on their company statement or the value of the organisation. The organisational value of Amazon is guided by certain leadership principles. These principles include customer obsession which intends to consider at the centre-stage for each and every customer who visit their online retail site. Furthermore, the company’s ownership is also a valuable component for its progression for the long-term. The organisational values also consider sustaining utmost standards of the offering s and to hire as well as develop the best possible talents within the organisation. (Amazon. Com Inc., 2012). The main objective of this report is to analyse the international strategic plans of Amazon and to discuss the appropriateness, practicability as well as the adequacy of international strategies implemented by Amazon. The Strategy of Amazon in the International Business The notion of business strategy is concerned with the marketing of products and/or services as well as it also involves decision making about economic aspects, human resource strategies, manufacturing and operations along with certain other business components. The main purpose of a strategic business plan in an organisation is to set the direction of the business and to provide the company a set structure so that the products or the services it provides can meet the selected business objectives or the goals of the organisation (Open Office, 2004). The e-marketing plan provides a wide road map for the success of an e-business organisation such as Amazon. It is necessary to create a spontaneo us overview of a good market plan which ensures a complete understanding of the e-business model. E-business model describes the architecture of information delivery along with its available products and services as well as the complete picture of sources of revenues (Embellix Software, 2000). Marketing management is a very necessary aspect because the business of Amazon operates in hostile and altering multifarious environment. The ability of a business to achieve profitable sales is impacted by a large number of environmental factors. Marketing plan is useful in a business which assists to recognise a source of competitive advantage, enables to commit to a strategy, get the resources needed to invest in the business, as well as to measure the performance of the business in a particular environment (Serrat, 2008). There are certain strategic levels which are needed to be analysed for understanding the international strategy of Amazon and their appropriateness, practicability and ad equacy. Market Development Level With regard to the corporate objectives of an organisation, marketing planning provides an important framework. In relation to marketing planning, market development plays a crucial part in an organisation’s international strategy (Embellix Software, 2000). In this context, for market development, Amazon has acquired a specific growth prospect, advantages and cost effectiveness through their e-tailing

Dispute Resolution in Oil and Gas Contracting Essay

Dispute Resolution in Oil and Gas Contracting - Essay Example The tribunal authority comes from the parties’ agreement on overcoming their argument through mediation. Various statute and international conventions reinforce this approach making it to be a preferred method in determining cross-border viable disputes. This approach has many benefits associated to civil litigation because it is enforceable, malleable, unbiased, reserved, and personal and the involved parties select their preferred arbitrator. UK is the most conspicuous Centre, which applies arbitration in dispute resolution. Most of the UK parties involved in disputes agree on their disputes decided in accordance with the enacted law by the Arbitration Act 1996 6(p.159). This Act has been operational in UK since 31 January 1997. In disagreement resolution amid the oil and gas contracting, an arbitrator has permission to rule a substantive jurisdiction. According to the Arbitration Act 1996, all the parties involved in oil and gas dispute have a prospect to file all their cas es in order to avoid unnecessary delays and find resolution to their problems. The arbitrator has fundamental tools, jurisdiction and powers to accomplish his/her responsibilities efficiently. Purpose of arbitrator’s dominion is beneath either the Arbitration Act or the arbitration guidelines. According to the arbitration act 1996, the arbitration reports should succumb in a concluding writing article on the contract among the parties. The agreement offered before the arbitration is in writing in order for it to be confirmation before both parties and the arbitration. On confirmation that the contract is an applicable statute, all the jurisdiction authorities are of consideration to the arbitrator13 (p.682). The Arbitration Act underwent some changes thus providing the arbitrator with powers to rule according to his/her individual authority. This boosted the arbitrator’s supremacy because previously, parties challenged the arbitrator’s jurisdiction through forwa rding the case to the court, which restrained the arbitrator from proceeding with the ruling. This led to different unwanted expenses and delays in the proceedings until another rightful authority is in place to continue with the hearing. To resolve this, the experienced arbitrators welcomed the statutory approach, which significantly promoted the manner of conducting arbitration progression11 (p.33). According to the Act, the arbitrator may decide on substantive jurisdiction whether there is a lawful agreement or not, whether the hearing is appropriately established or not and whether the type of troubles acquiesced to arbitration is in agreement with the arbitration contract or not 11(p.33). Considering the above three, the situation where there lack lawful mediation contract, the Act states that such matters lack both the arbitrator and the arbitration so, whoever decided on the validity of the agreement was not the required arbitrator; therefore, that person who decided had no p ermission to make verdicts. Upcoming of such situations leads to the problem at hand be solved by the court and the ruling of the case derived from the statute and not arbitration agreement. Under section 30 (1) (a) of the Arbitration Act 1996, Arbitrator’s power to claim whether he/she has powers comes from the