The liability of foreignness, a concept introduced by Stephen Hymer in a thesis study (1960), claims that internationalized firms are at a disadvantage in comparison with local companies due to foreign exchange risks and unfamiliarity with the business conditions of the foreign market. With the Lenovo Group's recent $1.75 billion landmark acquisition of the IBM's Personal Computing Division in May 2005, the USA-based organization is faced with the tremendous task of managing its internationalization, with particular concern to the organization's liability of foreignness. The proposed research study will focus on the analysis of the Lenovo Group's learning engagement on overcoming their foreignness liability. The study will aim to measure the organization's effort and ability to learn how to conduct business in a foreign environment. Lenovo is an international technology company headquartered in HYPOTHESISThe Lenovo Group based in INTRODUCTION The Lenovo Group is concerned with the development, manufacture and marketing of PC products worldwide. In This study will be limited to the concept of foreignness liability as applied to the Lenovo Group in light of their international expansion. This study is deemed important and timely because of the ongoing trend of internationalization of METHODOLOGY The study plans to collect data through two sources: previously published literature on the subject of foreignness liability and a survey form. The literature will come from such sources as books, journals, magazines, researches on the same subject, the Internet and other relevant research materials. The comprehensive literature review of the proposed research will touch on previous studies that have dealt on foreignness liability from a learning perspective, particularly on its basic concepts, empirical studies done on the subject, research conducted by authorities concerning foreignness liability. From such literature review, the researchers will draw on the conceptual framework of the research, thereby providing a guide on how the whole study will be carried out. The survey form will be distributed to thirty Lenovo employees and managers based in PRESENTATION AND ANALYSIS OF DATA The data will be presented in a graphical manner to provide a better illustration and understanding of the results of the data gathered. Below each table of result, an explanation of the figures in essay form will be put to interpret the results in the way that the researchers understand it. The analysis of the data gathered would come in the form of application of the survey results to the literature reviewed, if such literature holds true for the actual business environment, and if such measurements affect how the Lenovo Group deals with the issue of foreignness liability. From these analyses, the researchers would draw on the conclusion and managerial implications of the study. WORK PLAN SCHEDULE The following is the plan of how tasks are to be distributed, from weeks 5 to 9.
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Introduction Today's market is characterised by highly competitive organisations which are all vying for consumer's loyalty. Firms are faced with the challenge to maintain their own competitive edge to be able to survive and be successful. Strategies are carefully planned and executed to gain the ultimate goal of all: company growth. However, external factors are not the only elements which influence growth. There are also internal factors, components working within the organisation which shape the direction of the company. Along with the changing business world, customers change as well, becoming more demanding and knowledgeable than before. In turn, company management had shifted their focus on their clients or customers so as to stay successfully in business. This transition meant that organisations have to completely reformulate their conventional business aims and purposes from being process-focused to customer-centred. Hence, in order to bring out exceptional custome
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