Ive been tasked to make a powerpoint presentation of the worst company to work for. the company I chose is Foot Locker Using your selected "worst" company your Instructor approved from week 1...

PowerPoint Presentation
FOOT LOCKER CROSS CULTURAL DIMENSIONS
1
TABLE OF CONTENTS
COMPANY PROFILE……………………………………………………………….....3
DOMESTIC ENVIRONMENT AND GOVERNMENT REGULATIONS……………4
GLOBAL ENVIRONMENT AND GOVERNMENT REGULATIONS…………….....6
HARD AND SOFT TECHNOLOGY…………………………………………………..8
POLITICAL AND LEGAL BARRIERS………………………………………………10
SOCIO CULTURAL BARRIERS………………………………………………..........12
ECONOMIC THEORIES……………………………………………………………...14
REFERENCES…………………………………………………………………...........17
2
FOOT LOCKER COMPANY PROFILE
Headquartered in New York, US, the company deals with sportswear and footwear materials
Subsidiaries and segments include Kids Foot Locker, Champ Action, Footaction US etc.
Major brands of footlocker includes Nike, Adidas, Puma, Jordan Brand, Reebok, New Balance, Under Armour, Vans, Converse etc.
Operates in more than 28 countries worldwide including Australia, New Zealand, Canada, Russia, India, European regions etc.
3
3
DOMESTIC ENVIRONMENT AND ITS GOVERNMENT REGULATIONS
The domestic environment of Foot Locker company is United States. Government regulations that affects apparel and fashion industry in US are:
Taxes: Foot Loser has to pay Federal Taxes while holding their domestic operations in US. Since their head office operations are registered in New York State, they will to pay state taxes of that region. Failing to pay taxes would lead to imprisonment or heavy penalties. Types of taxes paid include income tax, excise tax, employment tax, estimated tax etc.
Employment and Labor Protection: The company has to follow strict employment regulations which includes:
Fair Labor Standards Act 1938 which pertains to protecting employees by having minimum wages, equal opportunities, child labor regulations, over time allowance etc. to be followed by local and federal governments
Employee Retirement Income Security Act which pertains to employees who can plan their retirement options, include family health benefit options including their insurance benefits, employee security, non US citizens benefits etc.
4
Some of the other regulations which is not prevalent but still needs to be followed includes Advertising and Email marketing policies, insurance policies tec. Collecting sales tax is another compulsory regulation to be followed by companies
4
DOMESTIC ENVIRONMENT AND ITS GOVERNMENT REGULATIONS
Licensing: Retail business requires heavy licensing under Federal and State laws to operate under domestic environments. Licenses for warehousing activities are important to be held as business license without which the authorities can even cancel the business operations of that region
Environment policies: One of the important federal policies include Environment Protection Policy (EPA) which inspects waste disposal o raw materials and finished products like cloth and rubber materials. The waste disposal must be done in an organic way that is not hazardous to the environment. The location of the industry must be in special economic zones and not in residential areas
Data privacy: Employees’ information like personal details, bank account number, credit card number, health conditions, previous work history are collected by the company before their appointments. It is important to have restricted areas inside the company for employees and also limit to access such areas which gives privacy and trust for employees to provide such data to the company
5
Environment Protection Policy also covers pollutant protection for residential areas such that industries must be located in certain distance from such areas and mostly in economic zones provided by the Government
5
GLOBAL ENVIRONMENT AND ITS GOVERNMENT REGULATIONS
One of the strong global presence of Foot Locker can be seen in Australia. The strict government regulations to be followed while operating in this country include:
Relationship with suppliers, competitors and consumers: This regulation is to enable smooth and fair trade practices and relationship among wholesalers, suppliers, competitors and also to fair dealing with consumers, It is covered under The Competition and Consumers Act 2010 based in Australia
National Measurement Policies: This is to maintain and regulate the quantity and measurement system of the goods packed such that consumers are not cheated. International System of Units is responsible for measuring the quantities and certifying the same. These specialized regulations also supports advanced manufacturing that enables growth in the company’s business
Regulating financing and investments received: The foreign investments received to establish business in Australia must be completely transparent and registered under the Anti Money Laundering and Counter Terrorism Financing Act so as to protect and check the consumers, company and the investors against fraud and terrorist activities
6
The major...