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5 CON RUỒI - CASE STUDY - UNIT 9

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5 CON RUỒI

https://docs.google.com/document/d/1Xwqv-0fppxsuQW9UwBZZJ_lyYC9lr9Adxq2XwDEIuas/edit?usp=sharing

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Overdraft

An overdraft occurs when you spend more than the available balance in your bank account, and the bank allows you to borrow extra funds for the short term.

Example: If you have 1 million VND in your account but withdraw 1.5 million VND, you will have an overdraft of 500,000 VND.

Liability

A liability refers to debts or financial obligations that a business or individual must settle in the future.

Example: A company with a loan from a bank has that loan as a form of liability.

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Cashflow

The amount of money flowing in and out of a business during a given period.

Example: If a company receives 100 million VND from customers and pays 50 million VND for expenses, the net cash flow would be 50 million VND.

Dividend

The portion of profit that a company distributes to its shareholders after covering expenses and taxes.

Example: If a company makes a profit and decides to distribute 10% of it to shareholders, a shareholder owning 100 shares will receive 10% of the corresponding profit based on their shares.

Equity

The value of assets that shareholders truly own after all liabilities are deducted.

Example: If a company has total assets worth 500 million VND and total liabilities of 200 million VND, the equity will be 300 million VND.

Instalment

A method of paying a large sum of money in smaller payments over a period of time.

Example: When buying a motorcycle for 30 million VND, you can pay 5 million VND per month over 6 months as instalments.

Bankruptcy

Occurs when a business is unable to pay its debts and is forced to close or restructure.

Example: A company borrows too much and cannot repay its debts, leading to bankruptcy, where it has to sell assets to cover part of the debt.

Collateral

An asset pledged by a borrower to secure a loan, which the bank has the right to take if the borrower fails to repay the loan.

Example: When taking a home loan, you pledge the house as collateral. If you fail to repay the loan, the bank will seize the house.

Mortgage

A type of loan to purchase a house, where the house is used as collateral to secure the loan.

Example: You borrow 1 billion VND to buy a house and use the house as collateral for the bank.

Group 3

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5 CON RUỒI

- Cashflow: The movement of money in and out of a business, project, or individual account. It shows how much money is coming in (income) and going out (expenses).

Example: If a company sells products and receives $10,000 in revenue but spends $7,000 on expenses, its cashflow is $3,000 positive.

- Dividend: A portion of a company’s profits paid to shareholders. It is a reward to people who own stock in the company. Example: If you own shares in a company and it makes a profit, the company might give you a dividend of $2 per share you own.

EQUITY: Equity is the portion of an asset's value that a person owns after subtracting any liabilities. In business, equity is the remaining value of a company that belongs to shareholders after all debts have been paid. Example: You open a coffee shop and invest 100 million. After deducting 50 million in debt, the remaining 150 million is your equity — the actual value of the shop. INSTALMENT: A partial payment of a debt or cost that is paid at regular intervals instead of paying the full amount at once. Example: She bought the car on monthly installments over two years. Backrupt: The state of being unable to pay debts, recognized by law for an individual or a company. Example: The company filed for bankruptcy after suffering huge losses.

-EQUITY: Equity is the portion of an asset's value that a person owns after subtracting any liabilities. In business, equity is the remaining value of a company that belongs to shareholders after all debts have been paid.

Example: You open a coffee shop and invest 100 million. After deducting 50 million in debt, the remaining 150 million is your equity — the actual value of the shop. -INSTALMENT: A partial payment of a debt or cost that is paid at regular intervals instead of paying the full amount at once. Example: She bought the car on monthly installments over two years.

-Backrupt: The state of being unable to pay debts, recognized by law for an individual or a company.

Example: The company filed for bankruptcy after suffering huge losses.

-COLLATERAL: Assets pledged as security for a loan. Example: "The bank required her to put up her house as collateral for the loan."

-MORTGAGE: A loan used to purchase real estate, where the property itself is the collateral. Example: "They took out a 30-year mortgage to buy their first home."

-Interest: Interest is the cost of borrowing money or the return earned on investments. It is usually expressed as a percentage of the principal (the amount borrowed or invested).

Example: If you take out a loan of $1,000 at an annual interest rate of 5%, you will have to pay $50 in interest after one year (5% of $1,000).

-Asset: An asset is anything of value owned by an individual or business. Assets can generate revenue, provide benefits, or can be sold in the future.

Example: A house is an asset because it has value and can potentially appreciate over time. A company's equipment, cash, or patents are also considered assets.

-Principal: Principal refers to the original amount of money invested or the initial sum borrowed before interest is added. When paying off a loan, part of your payment goes towards paying down the principal.

Example: If you take out a $5,000 loan, the $5,000 is the principal. As you make payments, you will reduce the principal while also paying interest on the remaining balance.

-Overdraft (Thấu chi)

English: Sarah had an overdraft of $500 on her checking account because she withdrew $1,500 while her account balance was only $1,000. The bank charged her a $35 overdraft fee.

Vietnamese: Sarah bị thấu chi 500 đô la trong tài khoản ngân hàng vì cô đã rút 1.500 đô la trong khi số dư chỉ có 1.000 đô la. Ngân hàng đã phạt cô một khoản phí thấu chi là 35 đô la.

-Liability (Nợ phải trả)

English: The company listed $200,000 in liabilities on its financial statement, which included a $100,000 loan from the bank, $50,000 in unpaid bills to suppliers, and $50,000 in taxes owed to the government.

Vietnamese: Công ty đã liệt kê 200.000 đô la nợ phải trả trong báo cáo tài chính, bao gồm khoản vay 100.000 đô la từ ngân hàng, 50.000 đô la hóa đơn chưa thanh toán cho nhà cung cấp, và 50.000 đô la thuế còn nợ chính phủ.

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Group 4

1. Cash Flow

- Meaning: The movement of money into and out of a business or account over a specific period.

- Example: A company receives $100,000 from sales (inflow) and pays $70,000 in expenses (outflow). The net cash flow is $30,000.

2. Dividend

- Meaning: A payment made by a corporation to its shareholders, usually in the form of cash or additional shares.

- Example: A company declares a dividend of $1 per share. If you own 500 shares, you will receive $500.

3. Equity

- Meaning: The value of ownership interest in an asset or company after all debts associated with it are settled.

- Example: If your home is worth $300,000 and you owe $200,000 on your mortgage, your equity in the home is $100,000.

4. Instalment

- Meaning: A regular payment made over time to settle a debt or purchase.

- Example: If you buy a car for $20,000 and agree to pay it off in 24 monthly instalments of $833, each payment is an instalment.

5. Bankruptcy

- Meaning: A legal process in which a person or business is unable to repay outstanding debts, leading to the restructuring or liquidation of assets.

- Example: A business declares bankruptcy after failing to pay back its loans, leading to its assets being sold to pay off creditors.

6. Collateral

- Meaning: An asset pledged as security for a loan, which the lender can seize if the borrower defaults.

- Example: When taking a mortgage, the house serves as collateral. If the borrower fails to pay, the bank can repossess the house.

7. Mortgage

- Meaning: A loan used to purchase property, with the property itself serving as collateral.

- Example: A person takes out a mortgage of $200,000 to buy a house worth $250,000 and repays the loan in monthly instalments over 30 years.

8. Interest

- Meaning: The cost of borrowing money, typically expressed as a percentage of the principal loan amount.

- Example: If you borrow $10,000 at an interest rate of 5% annually, you will owe $500 in interest after one year.

9. Asset

- Meaning: Anything of value that an individual or company owns.

- Example: A company’s assets may include cash, buildings, machinery, and inventory.

10. Principal

- Meaning: The original sum of money borrowed or invested, excluding interest.

- Example: If you take out a $5,000 loan, the principal amount is $5,000, and interest will be calculated on this amount.

11. Overdraft

- Meaning: A facility that allows an account holder to withdraw more money than is available in their account, typically up to an agreed limit.

- Example: A bank allows a customer to overdraw their account by $500, so they can spend $500 even if their balance is $0.

12. Liability

- Meaning: A financial obligation or debt that a company or individual owes to others.

Example: A company owes $50,000 to suppliers. This amount is considered a liability on its balance sheet.

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Cash Flow: The total movement of money into and out of a business within a specific period.
Example: The company's cash flow report indicated a positive net flow of $5,000 this month, primarily from the sale of its products.

Dividend: A share of profits paid to shareholders from a company’s earnings.
Example: Apple announced a dividend payout of $0.22 per share, rewarding its investors.

Equity: The ownership interest that shareholders hold in a company, often represented by stock.
Example: Holding 10% equity in a startup means you possess a 10% ownership stake in the business.

Instalment: A recurring payment made as part of an agreed total sum, typically for a loan or purchase.
Example: The car loan is structured with monthly instalments of $200 over the course of three years.

Bankruptcy: A legal declaration that an individual or business cannot meet its debt obligations.
Example: After years of financial difficulties, the company filed for bankruptcy protection to restructure its debts.

Collateral: Property or assets pledged to secure a loan, which can be seized if the loan is not repaid.
Example: He used his property as collateral to secure a loan for his new business venture.

Mortgage: A type of loan specifically for buying real estate, where the property itself serves as security.
Example: She secured a 30-year mortgage to finance her first home purchase.

Interest: The fee paid by borrowers to lenders for using their money, typically a percentage of the loan.
Example: The bank charges 5% interest annually on her personal loan.

Asset: Anything of value owned by an individual or company, including physical items or investments.
Example: The company’s assets include its office buildings, machinery, and cash reserves.

Principal: The original amount of money borrowed or invested, before any interest or returns are applied.
Example: She made an early repayment of $2,000 toward the principal of her student loan.

Overdraft: A bank service that allows an account holder to withdraw more money than is currently available, up to a certain limit.
Example: The bank authorized a $500 overdraft to help cover unexpected expenses when his balance ran low.

Liability: The financial responsibilities or debts owed by an individual or business.
Example: The company’s liabilities include outstanding loans and unpaid bills to suppliers.

Group 5

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Group 2

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Group 1:

1. Cashflow (Dòng tiền)

• Definition: The total amount of money being transferred into and out of a business or personal account.

• Example: My business made more money this month than it spent, so we have positive cashflow.

2. Dividend (Cổ tức)

• Definition: A payment made by a company to its shareholders, usually as a distribution of profits.

• Example: I received a dividend from the shares I own in a company.

3. Equity (Vốn chủ sở hữu)

• Definition: The value of an ownership interest in a company, calculated by subtracting liabilities from assets.

• Example: After paying all the debts, the value of my business is $100,000. That’s my equity.

4. Instalment (Khoản trả góp)

• Definition: A payment made periodically to settle a debt or pay for a purchase over time.

• Example: I am paying for my new phone in monthly instalments.

5. Bankruptcy (Phá sản)

• Definition: A legal process in which a person or business that cannot pay its debts is declared bankrupt.

• Example: When a company can’t pay its debts, it might go into bankruptcy.

6. Collateral (Tài sản thế chấp)

• Definition: An asset pledged as security for a loan, which can be taken if the loan is not repaid.

• Example: I used my car as collateral to get a loan from the bank.

7. Mortgage (Thế chấp)

• Definition: A loan specifically used to purchase property, where the property itself is used as security.

• Example: I got a mortgage to buy a house, and I’ll pay it off in 15 years.

8. Interest (Lãi suất)

• Definition: The cost of borrowing money or the reward for saving, expressed as a percentage of the amount.

• Example: I borrowed $1,000, and I have to pay 5% interest on it.

9. Asset (Tài sản)

• Definition: Any valuable item owned by a person or business, which can include property, equipment, or cash.

• Example: My house is my biggest asset.

10. Principal (Tiền gốc)

• Definition: The original sum of money borrowed in a loan or invested, before interest.

• Example: I borrowed $10,000, and that’s the principal. The interest is extra.

11. Overdraft (Thấu chi)

• Definition: A facility where a bank allows an account holder to withdraw more money than is in their account.

• Example: The bank let me spend $100 more than I had in my account; that’s my overdraft.

12. Liability (Nợ phải trả)

• Definition: A company’s or individual’s financial obligations or debts that must be paid.

• Example: I owe $5,000 on my credit card. That’s

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Group 5

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Group 4&5

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Group 4&5

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Team 1

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5 con ruồi

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Go to Padlet – Unit 6

Download the reading file

Read and discuss to choose 2 examples: 1 successful and 1 failure company

Design a short Google Slide and post on Padlet to analyze:

Company?

Risk?

Why fail?

Or Why overcome risk?

=> Mini presentation

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GROUP 2

Question 1: What are the key steps involved in a typical risk management process?

Answer: A typical risk management process involves several key steps:

1. Risk Identification: Identifying potential risks that could affect your objective. This could involve brainstorming, reviewing historical data, conducting surveys, or carrying out risk assessments.

2. Risk Analysis: Analyzing the likelihood and potential impact of each identified risk. This helps prioritize which risks need the most attention.

3. Risk Evaluation: Determining the level of risk tolerance – what level of risk is acceptable and what is unacceptable. This often depends on the organization's overall objectives and risk appetite.

4. Risk Treatment: Developing and implementing strategies to manage the risks. This could involve avoiding, mitigating, transferring, or accepting the risk.

5. Monitoring and Review: Continuously monitoring the effectiveness of risk management strategies and reviewing the risk management process to ensure it remains relevant and effective.

Example: A construction company identifies the risk of worker injury on a building site. They analyze the likelihood of different types of injuries and their potential impact. Based on this analysis, they implement safety protocols and provide training to mitigate the risk. They regularly monitor injury rates and review their safety protocols to ensure they are effective.

Question 2: What is the difference between qualitative and quantitative risk assessment?

Answer: Qualitative and quantitative risk assessments are two different approaches to analyzing risk:

Qualitative Risk Assessment: Uses descriptive terms (e.g., high, medium, low) to assess the likelihood and impact of risk. It often involves expert opinions, interviews, and subjective judgment. This approach is generally easier and faster to implement.

Quantitative Risk Assessment: Uses numerical data and statistical analysis to measure the probability and impact of risk. This approach provides a more precise measurement of risk but requires more data and resources.

Example: A qualitative assessment of a new product launch might involve interviewing experts to gauge the likelihood of success or failure. A quantitative assessment might involve market research to estimate potential sales figures and financial modeling to calculate potential profits and losses.

Question 3: How can organizations effectively communicate and monitor risks?

Answer: Effective communication and monitoring are crucial for successful risk management.

Communication: Involves sharing risk information with relevant stakeholders, including employees, management, and external partners. This helps ensure everyone understands the risks and their roles in managing them. Communication channels can include reports, meetings, training sessions, and online platforms.

Monitoring: Involves tracking identified risks, implementing risk treatments, and evaluating their effectiveness. This helps ensure that risks are managed proactively and that the risk management process remains relevant. Monitoring tools can include key risk indicators (KRIs), dashboards, and regular risk reviews.

Example: A company uses a risk management software to track identified risks, assign responsibilities, and monitor progress on mitigation strategies. They also hold regular meetings to discuss emerging risks and review the effectiveness of their risk management plan. They communicate key risk information to employees through newsletters and training sessions.

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Group 3

1/What is risk management, and why is it important? Risk management is the process of identifying, assessing, and controlling potential risks that could negatively impact a company. It helps businesses prepare for unexpected events and minimize losses. For example, during the 2008 financial crisis, companies that had strong risk management, like Goldman Sachs, were able to recover faster because they had plans in place to manage financial risks. In Vietnam, Vinamilk uses risk management to deal with price fluctuations in milk, ensuring they can maintain profitability even when costs change.

2/What are some common types of risks a company faces? Companies face various risks, such as financial, operational, and reputational risks. Financial risk includes losing money due to bad investments or market changes. Operational risk happens when a company's internal processes fail, such as a machine breakdown in a factory. Reputational risk affects how the public sees the company. For instance, Samsung faced reputational risk when its Galaxy Note 7 phones caught fire, leading to recalls and a loss of trust. In Vietnam, FPT, a tech company, manages operational risks by investing in technology and training to avoid disruptions.

3/How can companies reduce risks effectively? Companies can reduce risks through strategies like diversification, insurance, and strong internal controls. For example, Apple diversifies its supply chain by sourcing parts from multiple countries, reducing the risk of supply chain disruptions. In Vietnam, Vietcombank manages financial risks by diversifying its loans across different industries, so if one industry faces challenges, the bank is less affected. Companies also use insurance to protect against losses, such as property damage or lawsuits. By planning ahead, they can reduce the impact of unexpected events.

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Group 1

1. What is the most important thing for a start-up company to reduce financial risks? example

The most important thing for a newly established company to reduce financial risks is effective cash flow management. Cash flow is the lifeblood of a business, and ensuring there is enough cash to maintain daily operations is essential.

Example: Monitoring monthly cash flow: A tech startup creates a monthly cash flow tracking sheet. They recorded detailed payments from customers and outgoing expenses like employee salaries and office costs. As a result, they discovered that some customers often paid late. The company decided to implement a policy encouraging customers to pay early to improve cash flow.

2. How can Vietnamese businesses reduce financial risks during economic downturns? Vietnamese businesses can reduce financial risks during economic downturns by diversifying their income sources and managing costs effectively.

For example, a company that depends heavily on exporting goods might face challenges if global demand decreases, as seen during the COVID-19 pandemic. To minimize risks, this company could explore the domestic market or introduce new products to attract local customers. Additionally, managing costs by negotiating better terms with suppliers or finding cheaper alternatives helps companies remain profitable even when sales slow down. By having a flexible strategy and adapting to market changes, businesses in Vietnam can better weather economic challenges.

3. How does a risk management plan help businesses prepare for unexpected events?

A risk management plan helps businesses prepare for unexpected events by providing a structured approach to identify, assess, and mitigate risks.

For example, a retail company may develop a risk management plan to handle supply chain disruptions. This plan could include backup suppliers, inventory management strategies, and alternative shipping methods. By having this plan ready, the company is better equipped to respond quickly when problems arise, reducing downtime and financial losses.

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Question 1: What is the importance of risk assessment in project management?

Answer: Risk assessment is crucial in project management as it identifies potential obstacles that could affect project outcomes. For example, in a construction project for Bechtel, risks such as equipment failure, weather delays, or budget overruns can derail timelines. By conducting a thorough risk assessment, project managers can prioritize risks based on their likelihood and impact, allowing for the development of mitigation strategies. This proactive approach not only enhances decision-making but also ensures that resources are allocated efficiently to address the most significant risks, ultimately improving the project's chances of success.

Question 2: How can organizations implement effective risk mitigation strategies?

Answer: Organizations can implement effective risk mitigation strategies by first identifying and analyzing potential risks. For instance, Samsung launching a new smartphone might face market competition as a risk. To mitigate this, Samsung could conduct market research to understand consumer preferences, adjust its marketing strategy, or enhance product features. Additionally, creating contingency plans for identified risks, such as backup suppliers for components, can further minimize their impact. Regularly reviewing and updating these strategies ensures that organizations remain agile and prepared for emerging risks.

Question 3: What role does risk communication play in risk management?

Answer: Risk communication is vital in risk management as it ensures that all stakeholders are informed about potential risks and their implications. For example, during the COVID-19 pandemic, organizations like the World Health Organization (WHO) needed to communicate risks associated with virus transmission and safety measures to the public. Clear, timely communication helps manage expectations and fosters trust. Moreover, effective communication allows for stakeholder engagement in risk management processes, encouraging collaboration and a shared understanding of risk, which can lead to more informed decision-making and enhanced preparedness.

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Group 5

1. How can businesses identify emerging risks in their environment?

Answer: Businesses can identify emerging risks by continuously monitoring industry trends, conducting regular risk assessments, and engaging with stakeholders.

For instance, IBM closely follows developments in artificial intelligence and data privacy regulations. By attending industry conferences like CES and reading relevant publications, IBM can anticipate changes in the regulatory landscape. This proactive approach might include investing in data security measures, such as enhancing their cloud security offerings, to comply with new laws like the GDPR and maintain customer trust.

2. What is the impact of organizational culture on risk management?

Answer: Organizational culture significantly influences how risks are perceived and managed within a company. A culture that encourages open communication and transparency is more likely to report and address risks effectively.

For example, Bristol-Myers Squibb, a healthcare company, fosters an environment where employees feel safe to report errors or near misses. After a high-profile incident related to medication errors, the company implemented comprehensive training programs and a non-punitive reporting system. This culture of transparency has led to improved patient safety practices and reduced the likelihood of serious incidents, ultimately enhancing the quality of care.

3. How can technology enhance risk management efforts in a business?

Answer: Technology can enhance risk management by providing tools for data analysis, monitoring, and reporting.

For instance, JPMorgan Chase utilizes advanced analytics software to detect fraudulent transactions in real time. By employing machine learning algorithms that analyze transaction patterns, JPMorgan can quickly identify anomalies and respond to potential fraud, significantly reducing financial losses and boosting customer trust. Additionally, project management tools like Asana allow teams at companies like Airbnb to track risks throughout a project’s lifecycle, ensuring timely interventions and better management of project outcomes.

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GROUP 6

1 How do businesses manage risks during intermediate growth?

=> Businesses manage risks by diversifying their products, improving operational efficiency, and monitoring market trends. They often invest in technology and innovation to stay competitive and mitigate risks related to market saturation or changing consumer preferences. Effective financial management, such as controlling costs and maintaining cash flow, is essential. A specific example is Coca-Cola, which managed its risks during intermediate growth by expanding its product portfolio with options like Diet Coke and acquiring brands like Minute Maid. This diversification allowed the company to tap into different customer segments, reducing its reliance on a single product line and spreading risks across various markets.

2 How can businesses identify and assess potential risks?

=> Businesses identify and assess risks through a structured process that includes research and analysis. One method is conducting a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats). For example, a retail company might assess its dependence on a single supplier as a threat. Businesses also use risk assessments to examine market trends, competitor behavior, and regulatory changes. Data analysis tools help forecast risks, like potential price fluctuations in raw materials. Additionally, companies often consult industry experts or hire risk management professionals to evaluate complex risks. Each risk is then given a probability and impact score, which helps prioritize actions.

3 As a business executive, what are the key steps to risk management would you apply?

=> As a business executive, I would apply the following key steps to risk management:

Risk Identification: Recognize potential risks by analyzing both internal operations and external factors, like market trends or regulatory changes.

Example: Starbucks identified the risk of fluctuating coffee bean prices due to climate change.

Risk Assessment: Evaluate the likelihood and impact of each risk, prioritizing those that could severely disrupt the business.

Example: Starbucks assessed the impact of supply chain disruptions on product availability.

Risk Mitigation: Develop strategies to minimize the impact of risks, such as diversifying suppliers or investing in technology.

Example: Starbucks secured sustainable suppliers to reduce dependency on single regions.

Continuous Monitoring: Regularly review and update risk management strategies to adapt to new threats.

Example: Starbucks monitors global commodity prices to manage cost fluctuations.

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Question 1: What are the key steps involved in a typical risk management process?

Answer: A typical risk management process involves several key steps:

1. Risk Identification: Identifying potential risks that could affect your objective. This could involve brainstorming, reviewing historical data, conducting surveys, or carrying out risk assessments.

2. Risk Analysis: Analyzing the likelihood and potential impact of each identified risk. This helps prioritize which risks need the most attention.

3. Risk Evaluation: Determining the level of risk tolerance – what level of risk is acceptable and what is unacceptable. This often depends on the organization's overall objectives and risk appetite.

4. Risk Treatment: Developing and implementing strategies to manage the risks. This could involve avoiding, mitigating, transferring, or accepting the risk.

5. Monitoring and Review: Continuously monitoring the effectiveness of risk management strategies and reviewing the risk management process to ensure it remains relevant and effective.

Example: A construction company identifies the risk of worker injury on a building site. They analyze the likelihood of different types of injuries and their potential impact. Based on this analysis, they implement safety protocols and provide training to mitigate the risk. They regularly monitor injury rates and review their safety protocols to ensure they are effective.

Question 2: What is the difference between qualitative and quantitative risk assessment?

Answer: Qualitative and quantitative risk assessments are two different approaches to analyzing risk:

Qualitative Risk Assessment: Uses descriptive terms (e.g., high, medium, low) to assess the likelihood and impact of risk. It often involves expert opinions, interviews, and subjective judgment. This approach is generally easier and faster to implement.

Quantitative Risk Assessment: Uses numerical data and statistical analysis to measure the probability and impact of risk. This approach provides a more precise measurement of risk but requires more data and resources.

Example: A qualitative assessment of a new product launch might involve interviewing experts to gauge the likelihood of success or failure. A quantitative assessment might involve market research to estimate potential sales figures and financial modeling to calculate potential profits and losses.

Question 3: How can organizations effectively communicate and monitor risks?

Answer: Effective communication and monitoring are crucial for successful risk management.

Communication: Involves sharing risk information with relevant stakeholders, including employees, management, and external partners. This helps ensure everyone understands the risks and their roles in managing them. Communication channels can include reports, meetings, training sessions, and online platforms.

Monitoring: Involves tracking identified risks, implementing risk treatments, and evaluating their effectiveness. This helps ensure that risks are managed proactively and that the risk management process remains relevant. Monitoring tools can include key risk indicators (KRIs), dashboards, and regular risk reviews.

Example: A company uses a risk management software to track identified risks, assign responsibilities, and monitor progress on mitigation strategies. They also hold regular meetings to discuss emerging risks and review the effectiveness of their risk management plan. They communicate key risk information to employees through newsletters and training sessions.

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Group 4 case study Unit 5

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Team 1

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WORK IN GROUPS IN 30 MINUTES

CREATE THE MINDMAP FOR THESE QUESTIONS:

1/ What do you think companies should do when expanding to a new country?

2/ Give an example of a successful international brand in Vietnam. Analyse what you think has made them successful.

1/ What do you think is the best way to motivate employees and why?

2/ Do you think inflicting fear on employees is a good way to motivate them? Explain your answer.

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Trương Khắc Hưng

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Trương Khắc Hưng

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Vũ Thị Ngọc Ánh - SS160483

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Đinh Nguyễn Gia Huy _ SS160521 Part 2

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Đinh Nguyễn Gia Huy _SS160521 .

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Nhat Tan (part 2)

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Duong Tran Nhat Tan

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Hạnh

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Thu Hằng

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Bảo Vy

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Ngọc Như

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PROMPT:

Please revise this email into 250 words with correct English grammar, business vocabulary and structures. In the revised email, it should describe the problem clearly, how the problem affect your eating experience and health, your request for appropriate solution.

Explain each correction in detail (and in Vietnamese)

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GROUP 2

https://docs.google.com/document/d/1oRqLhcnEsSK_d4hyeerlKIAWWuT0XIFRsPGLyuK6bvo/edit?usp=sharing

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Group 1

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Group 4

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GROUP 6

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Nhóm 3 quách xà lách

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Group 5

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Group 3 Case study unit 3

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JOB SATISFACTION - READING

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Unit 2 Group 2 Case study 2

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Individual: Write a response to your complaint email. If you haven't written the complaint email, respond to one of my sample in this Word Document.

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Individual work: Write a complaint email and check your writing accordingly to the structure that you learned. Post on PADLET:

You are working at SANRIO company specializing in construction engineering. Your company has just upgraded the working environment a week ago, but now staff realize that some facilities are not working well like the ventilation and lighting in communal areas such as in the canteen and coffee room.

Write an email (about 200 words) to the Building Management of the company, complaining about the poor working conditions and requesting them to take some immediate actions.

@You are supposed to describe the problems clearly and include your suggestions or demand.

VERSION 1: Please improve this email with correct tenses, coherent idea development, business vocabulary and structures in 200 words.

VERSION 2: Bold each correction and explain in detail for each correction

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Individually:

Reading: https://app.classkick.com/login/RDITBD

Listening: https://app.classkick.com/login/3T5I2L

Groupwork:

Speaking preparation:

Draw a digital mindmap to note down key ideas for those questions. You can use any platforms.

1. What are some problems companies face when they try to internationalize a brand?

2. Why do some brands/ products fail in other countries?

3. In your opinion, internationalization is a risk or an opportunity? Explain.

4. What should companies do to market internationally?

Deadline for both individual and groupwork: Monday, 23/09/2024, 21:00

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Classkick is a free app that shows teachers in real-time exactly what students are doing and who needs help so they can provide instant feedback.

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Case Study 1 Group 1

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GROUP 6

1. Cultural Adaptation: Understanding and integrating local customs and preferences is crucial. For example, McDonald’s offers the McAloo Tikki burger in India to cater to local vegetarian diets.

Regulatory Compliance: Adhering to local laws and regulations is essential. Pharmaceutical companies, like Pfizer, adjust their marketing strategies to comply with varying international drug regulations.

Localized Pricing: Adjusting prices based on local economic conditions is key. Apple, for instance, modifies its pricing to account for currency fluctuations and regional market conditions.

2.Cultural Adaptation: Tailor messaging to fit local customs and values. For example, McDonald’s offers a unique menu in India with vegetarian options like the McAloo Tikki burger.

Product Localization: Modify products to suit local tastes. Starbucks introduces region-specific beverages, such as the matcha latte in Japan.

Pricing Strategy: Adjust prices based on local purchasing power. Netflix uses tiered pricing in India to cater to various economic segments.

3. a. Cultural Differences: Misunderstanding local culture can harm brand image. Biti's footwear may not be suitable for the tastes of consumers in countries like the US, where people prefer sneakers from big brands like Nike and Adidas.

b. Legal and Regulatory Issues: Different countries have unique laws. When exporting to Europe, Biti's may have difficulty complying with strict quality standards for raw materials and production.

c. Intense Competition: Vietnamese companies often struggle against strong global players, especially from countries like China, Japan, and South Korea. These competitors usually have better technology, stronger brands, and more advanced infrastructure, making it hard for Vietnamese companies to win over international customers or compete on price, quality, and innovation.

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1. What are the key differences between local marketing strategies and international marketing strategies.

2. How do cultural differences influence consumer behavior in international markets, and what strategies can use to solve these differences in their marketing campaigns?

3.How does Nike's global brand image help it more competitive in the world market?

GROUP 1

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Group 3

1. How does international branding differ from domestic branding, and what strategies can companies use to build a consistent global brand while maintaining local relevance?

2. What challenges do businesses face in international marketing?

3. How can businesses develop effective international marketing

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GROUP 5

1.How can a company adapt its marketing strategy to different cultural preferences in international markets?

2.What challenges do businesses face when entering new international markets, and how can they overcome them?

3.How does the pricing strategy differ when marketing products internationally compared to domestically?

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Group 4

1. How can a company adapt its marketing strategy to effectively reach diverse cultural in different international markets while maintaining brand image?

2. What is the role of technology in international marketing?

3. How do different cultures of international affect the way companies sell their products?

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GROUP 6

1. What factors influence success in international marketing ?

2. How can companies change their marketing to fit new countries when they expand their business ?

3. What are some problems companies of Vietnam may face when they enter international market ?

cultural difference: packaged VN - Japan : sensitive: specific example, Bitis Hunter not suitable in US-UK => clearer

regulation: product safety standard, environmental law - not comply with those in other countries - delay and ban => Bitis: raw materials

Intensive competitions: stronger brands, better technology, infrastructures => example: Trung Nguyen enters international market , do more : price+ coffee quality+ strong brand+ attract customers

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1. What are the main challenges companies face in international marketing?

Cultural difference: different norms and beliefs => pros in one but cons in others, McDonald-India: veggie => change its menu => challenging to marketing?

Regulations: Tariff in different countries, less competitive to local products, law from imported products - cancer => how challenging?

Economic varieties: exchange rate, inflation, purchasing rate, Vinamilk VNĐ ???

2. What is the importance of market research in international marketing?

3. How does globalization influence international marketing strategies?

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https://breakingnewsenglish.com/business_english.html

https://www.businessenglishpod.com/

https://www.businessenglish.com/index_en.html

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HOMEWORK 06/09/24

Individual work:

Listening:

Do the listening in this link: https://app.classkick.com/login/NDBPQA

Groupwork

Speaking preparation:

Draw a digital mindmap to note down key ideas for those questions. You can use any platforms.

1. How does effective communication influence team collaboration and productivity in a business setting?

2. Pros and cons of technology in business communication

3. What are the most common barriers to effective communication in a business, and how can they be overcome?

4. In your opinion, how much will good communication skills determine your success in work and life?

Please include specific examples and reasons.

Submit your group's mindmaps under this post. Deadline for both individual and groupwork: 23:00 08/09/24

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Classkick is a free app that shows teachers in real-time exactly what students are doing and who needs help so they can provide instant feedback.

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GROUP 6

1. To overcome communication barriers in a multicultural environment, businesses should focus on cultural awareness training, offering language support, and encouraging open communication. Training helps employees understand different cultural norms, reducing misunderstandings. Language support, such as translation services, bridges gaps between non-native speakers. Additionally, promoting a culture of open communication encourages employees to ask questions and seek clarification, ensuring everyone feels comfortable sharing their ideas. These strategies help businesses improve collaboration and communication in diverse teams.

2. - In the workplace, strong communication skills can help you present ideas clearly during meetings, ensuring that your team understands your vision. For example, a project manager who communicates well can align the team, leading to better project outcomes and overall productivity.

- Good communication helps solve problems by clarifying the issue, sharing solutions, and ensuring everyone knows their role. For instance, as a team leader, you would use clear communication to understand the problem, explain fixes, and confirm everyone’s tasks. This helps the team work together and resolve the issue faster.

- Second, it helps us solve problems. For example, if we communicate well, we will know how to discuss options and discuss plans with partners or colleagues effectively, without missing understanding.

- Second, it helps us solve problems. For example, if we communicate well, we will know how to discuss options and discuss plans with partners or colleagues effectively, without missing understanding.

3. Being concise when communicating with business partners is crucial because it shows respect for their time, ensures clarity, and reduces misunderstandings. Business partners often have busy schedules, so delivering information in a clear and direct manner helps make communication more efficient. Conciseness also allows key points to stand out, making it easier for partners to grasp the message and make decisions quickly. In contrast, long-winded or vague communication can lead to confusion and delays, potentially harming business relationships.

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1. **How does effective communication influence team collaboration and productivity in a business setting?**

2. What role does non-verbal communication play in conveying professionalism and building trust with clients and colleagues?

3. **How can businesses leverage digital communication tools to enhance both internal and external communication strategies?**