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Armani And International Essay
International trade and organisation has opened many opportunities for the businesses and has
provided them with the wider arena to operate their business. Globalisation and International trade
has enabled the businesses like Armani to conduct their business activities across the national border
and to expand their business. The globalisation and international trade has not only opened doors of
new opportunities for Armani but the differences between countries and the globalisation of world
economy also has also imposed many challenges on the business. When making international
strategic decisions, business managers of Armani have to take account of the global business
environment in managing on–going international operations. Globalisation has significantly boosted
economic growth all over the world and therefore has provided Armani with better business
opportunities. ... Show more content on Helpwriting.net ...
It is known for its style and quality. Global factor will factor will facilitate the business to conduct
and expand its product lines in all the countries where Armani is currently conducting its business
operations. Global Growth: For business like Armani, global factors provide opportunities for the
business to expand the business world wide, which open new doors of opportunities for businesses
in future. Protectionism: To restrict trade between states, protectionism is the policy that restricts
trades through the methods such as imposing tariffs on imported items, through other government
regulations, restrictive quotas, and through introducing the policies that supports fair competitions to
protect the future of local business (Johnson & Turner, 2010). WTO: World Trade Organisations
regulates between nations the global rules. The main aim of WTO is to facilitates the flow of trade
and ensure free and smooth trade between states. It facilitates the companies like Armani to conduct
smooth business operation across countries.
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International Business Multiple Chioce
International Business, 13e (Daniels/Radebaugh/Sullivan)
Chapter 1 Globalization and International Business
1) The broadening set of interdependent relationships among people from different parts of the
world is known as ________.
A) globalization
B) offshoring
C) franchising
D) outsourcing
Answer: A
Diff: 1 Page Ref: 5
Skill: Concept
Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the
relationship between them?
AACSB: Multicultural and Diversity
2) The term globalization is sometimes used to mean the ________.
A) movement of jobs to high–wage countries
B) business being undertaken outside the confines of any nation
C) uneven distribution of resources and this distribution's influence on ... Show more content on
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A) it is essential for most managerial job interviews
B) it may help you make more informed operational decisions
C) you will need to supervise and evaluate subordinates who have international responsibilities
D) you should understand importing and exporting in order to be promoted
Answer: B
Diff: 2 Page Ref: 7
Skill: Concept
Objective: STUDY QUESTION 1.2: Why should you study international business?
9) The shifting of national borders has created which of the following situations for international
business?
A) It has left most people who reside in rural areas with only the barest connection to the rest of the
world.
B) It has complicated the understanding of behavioral factors affecting business.
C) It has made comparisons of historical data on international transactions problematic.
D) It has slowed communications between a company's headquarters and foreign operations.
Answer: C
Diff: 2 Page Ref: 7
Skill: Concept
Objective: STUDY QUESTION 1.3: Explain how globalization has changed over time and differs
both among countries and within countries.
AACSB: Multicultural and Diversity
10) Which of the following is an indication of the increased globalization of business since the end
of World War II?
A) World trade has grown more rapidly than world production in almost every year.
B) Most countries now depend on foreign output for more than half their consumption.
C) Foreign ownership of
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Starbucks Financial Analysis
Running head: STARBUCKS AS AN INTERNATIONAL BUSINESS
1
An Analysis of Starbucks as a Company and an International Business
Lauren Roby
A Senior Thesis submitted in partial fulfillment of the requirements for graduation in the Honors
Program Liberty University Spring 2011
STARBUCKS AS AN INTERNATIONAL BUSINESS Acceptance of Senior Honors Thesis This
Senior Honors Thesis is accepted in partial fulfillment of the requirements for graduation from the
Honors Program of Liberty University.
2
______________________________ Edward M. Moore, Ph.D. Thesis Chair
______________________________ Melanie A. Hicks, D.B.A. Committee Member
______________________________ Harvey D. Hartman, Th.D. Committee Member ... Show more
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The price has been rising, not simply due to the price of coffee itself, but because of the supply
chain and the current economic situation around the world. Last year Starbucks had to raise prices
globally, but especially in the United States and China, due to rising prices for coffee and other
ingredients, but this year they are taking the hit from the rising coffee prices for the consumers
(Baertlein, 2011). Although the prices of coffee had to be raised globally due to the high demand of
the product and the cost of producing it, there is still a strong outlook for the coffee industry because
of the large consumer base of the industry. The coffee industry is expected to continue growing
through at least the year 2015 and even longer in other emerging markets around the world (Lingle,
2007). Even if the market in the United States begins to decline, there are other emerging markets
for the specialty coffee industry. Due to Brazil's rising economy, it is set to be the biggest coffee
drinking country in the world with recent coffee consumer growth of 39% from 2000 to 2009
(Murphy, 2011). With Brazil's upper and middle classes expanding, it has more money to spend on
specialty coffee and other superfluous items. Brazil could be
STARBUCKS AS AN INTERNATIONAL BUSINESS the single most important economy to
invest in for the coffee business, if its economy continues to grow. India is another major source of
economic growth. Starbucks plans to open its first
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Does Trade And Investment Play A Huge Role For An Economy...
Does trade and investment play a huge role for an economy's transformation? Actually they are the
main factors that drive economic growth. The coefficients estimated that for the period running
1970 through 1984 suggest that the growth of real GDP rises by about 0.2 percent points for every 1
percent point increase in the growth rate of the international trade (Van den berg & Lewer, 2006).
Today 's economy is characterized by innovations and changes that are frequently discontinuous and
usually far–reaching and it is also portrayed by enduring streams of new items and advances and by
expanding variety (Ringbakk and Root, 1974).
Firstly, International trade is the trading of products and ventures crosswise over worldwide
outskirts. It makes the economy to make utilization of the characteristic assets for the creation of
merchandise and how it 's most appropriate. It has been discussed that international trade arises
when a country specializes in the production of certain goods and thus it produces more than what is
needed to supply the domestic demand and therefore it exports the surplus (Collings, 1929). Also, it
empowers a nation to acquire products are not produced in the economy as it may be expensive by
bringing in from different nations at lower costs. Another thing is that it increases efficiency due to
the international competition, each producer tries to produce the better quality goods (Collings,
1929). On the other hand, international trade may have a negative
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Effective Change Leaders Have Dreams
No organization can survive over an extended period of time without the proper focus on people as
its most important resource." – Charlie Eitel. Effective change leaders have dreams. They are aware
of their current state, and where they want to go (Banutu, and Shandra, 2007). Simmons Company,
founded in the early 1900s, was a trade–mark leader in bed mattresses. With booming sales, the
company faced a fundamental issue of whether or not it should go ahead with the new CEO –
Charlie Eitel proposal. His suggestion for changing the current program which could cost $7.2
million dollars, especially at the time when the company was having financial problems in the heat
of the economic crisis of 9/11. Eitel's strategy was to transform the ... Show more content on
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He believes the only way to succeed is to develop and empower your employees (Casciaro, and
Edmondson, 2007).
"Should Simmons implement the GGOL? Why or why not? Give at least two reasons based on the
case study for your position." Simmons should initiate "the GGOL" project, because its purpose is
based on teams' development. It promotes an engaging system for rewarding employees, and
productivity. Plus, the rollout would repair the incongruous amongst the company's established
culture and its future strategy. For instance, many of the plants leaders were perceived as dictators,
with authoritarian leadership. This creates a toxic environment for employees. Furthermore, instead
of collaborating to achieve a shared–goal, the plants compete with each other. These behaviors
profoundly affected productivities, which impose a negative impact on employees' morals
(Casciaro, and Edmondson, 2007). "Great leaders are willing to challenge the status quo while
trusting and empowering their people. Not only do leaders use obstacles to create a positive future,
they are willing to set an example of sacrifice for the good of the next generation" – Banutu, and
Shandra, 2007.
"How did the Charlotte 's Pride video" influence your position on
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The Eclectic Paradigm: What Are The Reasons For...
Reasons for Internationalisation
 Companies can decide to go global or to enter international markets for various reasons, and these
different objectives at the time of entry that enable the business to produce different strategies and
the performance goals, and even forms of market participation.
 Increase Sales: – if a business succeeds in the US, going international will likely improve the
overall revenue. Approximately 96% of the world's population lives outside of the United State and
90% of the world's population do not speak English, that suggest that customer is global and if a
business has to look beyond the end of the domestic market, you have real upside potentials
 Improve profit: – a lot of export market are not a ... Show more content on Helpwriting.net ...
Eclectic Paradigm: – The Eclectic paradigm and transaction cost analysis – It is the length, types
and pattern of international production and it is founded on the juxtaposition of the ownership–
specific advantages of the company considering foreign production. The propensity to
internationalise the cross–border markets for these, and the attractions of a foreign market for the
production (Dunning 1988).
International market entry decision is often made in a rational manner, based on explaining of the
costs of the transaction.
Industrial Network: – Both Uppsala model and the Eclectic Paradigm above concentrate on the right
condition of the business in producing its international marketing activities. It is the firm or
individuals within the business who decide how it will enter a specific market abroad. Johanson and
Mattsson (1986) believe both models leave out characteristic of the firm and the market that seem
important in the industrial system.
Turnbull (1986) recommend that a major weakness is a one–sided focus on the activities of the
manufacturer together, that negotiate in the flow of goods and services to the customer
Business Strategy approach: – this is based on the idea of Pragmatism (Welford and Prescott, 1994)
with the company making trade–offs between a number of unstable decision to internationalize and
the way it adopts to do so Reid (1983) argues that foreign expansion is contingency based and
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Which Alternative Is Likely To Have More Risk?
International Opportunities. a. Do you think that either the acquisition of a foreign firm or licensing
will result in greater growth for an MNC? Which alternative is likely to have more risk? An
acquisition will typically result in greater growth for an MNC, but it is riskier because it normally
requires a larger investment by the company and the decision cannot be easily reversed once the
acquisition is made. b. Describe a scenario in which the size of a corporation is not affected by
access to international opportunities. Smaller firms might avoid opportunities because they lack the
resources and knowledgeable personnel who have more insight about entering foreign markets or
expect that the risks might be more ... Show more content on Helpwriting.net ...
International Opportunities Due to the Internet.
a. What factors cause some firms to become more internationalized than others?
The most successful firms have invested in playing a major role in Social media and the internet to
ensure that consumers and other businesses about the product or services. The website as well as
Social media allow potential and current consumers aware of the any and all information about the
product and the cost. The advent of Social media allows the consumers to share options of the
product and receive feedback from the company media specialist. In the current marketplace the
market is no longer just the business around the corner today the company might be overseas. The
operating characteristics of the firm today might include being internationalized since the
marketplace has grown over the years with the internet. International strategy is a global plan
specific to a company or conglomerate where a model for global expansion and commerce is the
ultimate goal. International strategy usually refers to actions that occur across multinational
corporations in the private sector.
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Effective Change Leaders Have Dreams
"No organization can survive over an extended period of time without the proper focus on people as
its most important resource." – Charlie Eitel. Effective change leaders have dreams. They are aware
of their current state, and where they want to go (Banutu, and Shandra, 2007). Simmons Company
founded in the early 1900s, was a trade–mark leader in bed mattresses. With booming sales, the
company faced a fundamental issue of whether or not it should go ahead with the new CEO –
Charlie Eitel proposal. He suggested on changing the current program which could cost $7.2 million
dollars, especially at the time when the company was having financial problems in the heat of the
economic crisis of 9/11. Eitel's strategy was to transformed the culture of authoritarian behavior in
most plants and install a respectful friendly and stimulating work environment, similar to the
organization's Janesville plant which produces the largest revenue of $150 million" in sales out of
the company's total sales of $900 million. (Casciaro, and Edmondson, 2007).
What is the objective of the Great Game of Life (GGOL) program?
The objective of the "Great Game of Life", which was formally known as "Play to Win" was
founded by Larry Wilson, an expert in change management. It was designed to promote employees
growth, to enable individuals to "make better choices in order to live a better life through choosing
growth over fear." The change effort was based on the organization's model that claims
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International Marketing. Submitted By: Zeinab Amin. Submitted
International Marketing
Submitted by: Zeinab Amin
Submitted by: Melanie Simmons
International Business
Northern Alberta Institute of Technology
March 12, 2017
Table of Contents
INTRODUCTION 3
INTERNATIONAL MARKETING 4
MARKETING PLAN 5
FACTORS EFFECTING INTERNATIONAL MARKETING 6
PEST ANALYSIS 6
POLITICAL 6
ECONOMIC 7
SOCIAL 8
TECHNOLOGICAL 8
INTERNATIONAL MARKETING STRATEGIES 8
EXPORTING 9
LICENSING AND FRANCHISING 9
JOINT VENTURE 10
DIRECT INVESTMENTS 10
CONCLUSION 10
REFERENCES 12
INTRODUCTION
Coca–Cola is one of the companies that gets nearly 60 percent of their sales from outside of the
United States; this is a perfect example of International Marketing. The term 'international
marketing' is not only based on marketing, but ... Show more content on Helpwriting.net ...
A PEST Analysis is then conducted, and this will emphasize the political, economic, social, and
technological aspects of international marketing. The analysis will be followed by a few relevant
international marketing strategies implemented in today 's market; these strategies includes
exporting, licensing and franchising, joint ventures and direct investment.
INTERNATIONAL MARKETING
"The international market goes beyond the export marketer and becomes more involved in the
marketing environment in the countries in which it is doing business" (Keegan, 2002). "At its
simplest level, international marketing involves the firm in making one or more marketing mix
decisions across national boundaries. At its most sophisticated level, it involves the business in
establishing manufacturing facilities overseas and coordinating marketing strategies across the
globe." (Dole &Lowe, 2001). From these two scholarly quotes, we can deduce that International
Marketing involves executing marketing principles to satisfy the variety of product and services
needs and wants of different people situated across borders (International Marketing," 2015) and
organizational objectives. Likewise, International Marketing is commonly referred to as Global
Marketing which also engineers the marketing mix by closely analyzing the product, price, place,
promotion worldwide and customizing to precisely fit the needs and wants of a
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The Challenges Of International Management
International management is defined as the practice of business operations in multiple countries. To
be involved in international management professionals must be familiar with many different types
of language, culture, economies, and environments. One of the main goals of international
management is to link businesses globally and make a profit, while being able to connect various
cultures.
There are many challenges brought about in the field of international management. One of the
biggest challenges is the language barrier. Communication is a major key to developing and
bringing success to a business. So to be involved in international marketing you need to have a basic
understanding of language or have someone that can translate for you.
Another issue in international management is cultural conflict. Globally there are many different
cultures, and when these cultures cross there is sometimes conflict in the way that they react to each
other. Some cultures take emotion very seriously in their business negotiation whereas other
countries do not. So before taking a step toward expanding globally it is good to do research on the
cultures that you will be trying to enter. This will make the businesses transition easier and lead to
less miscommunication issues.
Foreign governments can have a major influence on the issues of international management of
business. In the United States the country operates without very much regulation from the
government. In many countries around
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The Global Financial Crisis Hits The World Economy
Going global was common for almost every company out there, until the year 2008 when the global
financial crisis hits the world's economy. The global economy since then entered into a new phase of
globalization, known as 'guarded globalization'. Developing nations began defending their local
industry, and became more cautious when allowing multinational companies to operate in its soil
(Bremmer 2014). They heightened their national security, recognizing the importance of more
sectors and taking measurements to prevent multinational companies from entering the country.
They are now swayed into promoting their domestic and stated owned businesses. Prices of goods
were affected, for example Pfizer. It is worth to take note that the escalation ... Show more content
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"Globalization also means the growing integration of markets and nation–states and the spread of
technological advancement. A high globalization speed may also generate opportunities for
speculation, uncertainty, and risk" (Martens & Raza 2010, p. 281) Free trade for goods and labor are
encouraged across borders. These economic and social developments had improved the global
economy thus improves standard of living and human development (Martens & Raza 2010).
Firms should look out for global market opportunities to expand their business into various markets
and also to estimate the demand for products and services in various economies. There are many
markers that could indicate favorable opportunities for companies to export, invest, source or
partner in foreign markets, and these could be promising mixtures of circumstance, locations and
timing (Cavusgil et al. 2014). Firms can carry out a global market opportunity assessment to analyze
a market's suitability to the firm. There are six tasks for the global market opportunity assessment.
Firstly is the organizational readiness to globalize. This could gauge a firm's preparedness to
conduct international business with an initial assessment, which includes its financial resources and
management's commitment. Secondly is the suitability of products and services for foreign market.
Products that sell well in the domestic market might not be suitable to sell in other markets, so firms
need to determine how
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The Business Operations Of Marriott International Became...
Before Marriott International became the largest hotel company in the world, it began as root beer
stand in Washington D.C. in 1927. Young newlyweds, J. Willard and Alice Marriott, found instant
success by offering good food at good prices. Soon, they added hot food items to their menu and
restaurant, "Hot Shoppes", was born (Marriott, p. 2). From there, they ventured into airline catering,
and in 1957, made history by opening the first hotel in Arlington, Virginia (Marriott, pp. 2–3). By
1982, Marriott became a global phenomenon and revolutionized the hospitality industry through its
creativity and constant innovation. Today, the company is known for its work environment and
excellent business operations, which are based on five core values: "put people first, pursue
excellence, embrace change, act with integrity, and serve our world" (Marriott, p. 5). As of 2015, the
company had 20 brands running 4,175 hotels in 80 countries and occupies 15% of the hospitality
market share (Matthews, 2016 , p. 1).
CUSTOMER SATISFACTION & CUSTOMER LOYALTY
Marriott International understands that high customer satisfaction is directly linked to success. With
so many options available to consumers, brand loyalty and repeat purchases are crucial to survive.
In 2011, Marriott introduced the Marriott Rewards program (Marriott, p. 8). The loyalty program
lets travelers earn points by booking a hotel room, shopping with partners, booking meeting rooms,
referring friends, and more. Any amount
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Advantages Of Foreign Agent
Partnering Distribution with Foreign Agents
Prepared for
Prof. Saffa Al Shammari
IBM 204
St.Clair College
Prepared by
Gohil Ankitaben Miteshkumar 0711374
Durga Sainath 0712920
International Business Management Program
St. Clair College
February 19, 2018
Table of Contents
1.1 Market entry method 3
1.2 Why Foreign Agent 3
1.3 Motivation and Safety of both parties for contract 4
1.4 Advantages and Disadvantages of Foreign Agent 5
1.5 Bibliography 5
1.1 Market entry method
In the building of market entry strategy, time is crucial factor, that the sum of an intelligence system
as it includes creating an brand image through promotion system and it takes time, efforts and
money, because brand names do not appear overnight, large ... Show more content on
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 Both parties shall keep all commercially sensitive information obtained by them in the context of
the Contract confidential and shall not divulge it without the written approval of the other parties.
(CIDB, 2008)
 All Goods supplied shall comply with the requirements of the Scope of Work, or shall conform in
all respects to the sample which form part of the Contract. (CIDB, 2008)
 Submission about the progress report on certain time interval according to suitable to both the
parties.
1.4 Advantages and Disadvantages of Foreign Agent
Advantages and Disadvantages of having the Foreign/ International Agent as a partner:
Advantages:
Agent is the well placed to identify and exploit the opportunities from the market.
They have solid relationship with the buyers which very important for success of the business.
Shared knowledge and resources
Overcome host countries government restrictions
Cost effective Disadvantages:
Hard to manage quality of customer services
Issues with the quality of work and commitment and efforts
It's not easy to get market feedback
Usually variety
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Essay about Ethics in International Business
Ethics in International Business
Abstract
International business ethics challenges the corporate world to deal with questions of what to do in
situations where ethical standards come into conflict as a result of the different cultural practices in
the nation. Since, there is this dilemma that has progressively troubled the large multinational
corporations, international business ethics has arisen to help address these adhesive subject matters.
There are several international business ethics discussions on the question of how to act in the home
country as opposed to the host country is at the central point of most international corporations. The
argument in question is how companies should practice their business according ... Show more
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The values and culture have reflective impact on ethical climate in organizations which inhabits on
the ethical measurements changing in the structure of an organization. All these concepts facilitate
the motivation of both employers and employees that would lead positive effects for organizations.
Motivation is a psychological trait that would lead an individual or related party to a desired action
on a definite goal. Motivation in an organization is considerable to sustain an employee with
occupational pleasure, individual satisfaction, and positive contribution to the work place and its
environment.
Ethical Management, Impact on Individual and Organizational Performance Companies are
supposed to be able to achieve and demonstrate an ever increasing performance showing
improvement on leading in their industries to acquire competitive advantages. Having a high level
of performance could be greatest achieved with competent and motivated employees. The conduct
of business in an organization with an ethical manner is of great importance to secure an increasing
performance as well. Organizations functioning towards ethical standards should ensure unbiased
applications of business and recall a sense of justice to stimulate motivation among their employees.
Employees that are motivated through a positive ethical organizational climate and leadership do
much better than a less motivated employee. This promotes the organizational achievement that
causes
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Fast Food and Burger King
International Business Assignment
Abstract
Burger King has been widely known as one of the biggest fast food restaurant around the world. For
decades, Burger King has grown rapidly and well known in the worldwide. Founded by James
Mclamore and David Edgerton in Miami, Florida in 1954, the company first started its menu
dominantly of burger, fries, and soft drink. Since the restaurant grows, Burger King expanded the
breadth of its menu by adding various non–beef items like chicken, fish and veggies sandwiches, a
breakfast menu, salads and non–soft drink beverages. In this paper, there will be an analytical
discussion about the operation of Burger King around the world. This assignment will focus on how
international developments ... Show more content on Helpwriting.net ...
In Singapore, the bright and vibrant Americana décor has made the Burger King restaurants the
favorites meeting place for young people, including college students and working professionals. The
Burger Kings add value to high traffic locations, often adjoining major recreational venues such as
cinemas, shopping centers and leisure attractions and that can provide costumers with a complete
leisure, entertainment and casual dining experience. Like Most fast food restaurants, Burger King
has a food preparation area, dining area, and parking lot, and many have a drive– thru section.
Drive–thru sales can be important and double windows help speed transaction times. Some
restaurants have children's play areas. Because customer convenience is critical, most of Burger
King Restaurants are located in high traffic areas. The Corporation carefully evaluates potential
restaurant sites, considering population, traffic flow, and walking patterns. Restaurants may be free–
standing or located inside another building. It sometimes may place as a kiosk, with limited or no
seating, in tight spaces like airports or train stations. The average size of a fast food restaurant
varies, depending on seating and equipment requirements. Burger King Corporation is always
looking for locations for new restaurants around the world. It
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Entering International Markets Essays
Entering International Markets Measuring a potential business venture has many aspects which the
international manager must be aware of in order to convey the correct information back to the
decision makers. Being ignorant to any of the aspects can lead to a false representation of the
project, and hence an uninformed decision being passed. In order for a business to survive it must
grow. For growth to be optimal, management must first be able to identify the most attractive
prospective leads. The country as a whole, specifically geography, government, and financial
aspects must be looked at in order to yield the best possible picture of the market a company wishes
to enter. Concentration should be placed on gathering reliable facts ... Show more content on
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After sifting through the leads and finding the right ones to investigate management must formulate
an international marketing plan. This further helps management in locating potential markets for
their products. The first step is to use secondary research to find out what the sales potential is in a
given market. Asking the questions of need, demand, and support gives one a starting point for
research. If we were a company that sold pants we might want to ask the following questions. Is
there a need for pants? Is it cold enough there to wear pants? Do people that demand the pants have
money? These are the questions that one should ask of potential markets. Table 1–located at the end
of the paper–shows the statistics that are needed for a general market picture. After gathering the
information from the secondary research, the picture of a potential market becomes more evident.
However, to make the picture clearer, one must conduct primary research. This research outlines the
specifics of the potential market that directly pertain to the product. Robert Douglas' book,
Penetrating the International Market, addresses the issue of locating potential markets in greater
detail.2
[mg1] After finding a lead that contains profitable markets it is necessary to analyze the venture as a
whole. The decisions of companies must be based on the facts of reliable sources on all investments.
To gather the information
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Global Management Skills
MINA MANAGEMENT INSTITUTE
SHARING THE VISION OF EXCELLENCE
GLOBAL MANAGEMENT SKILLS
The collapse of international economic boundaries, rapid changes, workforce mobility and diversity,
and the economic interdependence of countries is what is popularly known as Globalisation. This
phenomena poses difficult challenges to everyone especially mangers to reassess their capabilities
and get ready to manage internationally. The need arises from the fact that traditional management
skills are designed to manage only in local environment which is comparatively static and non
changing. Contrarily international business environment is highly volatile, and rapidly changing.
The skills meant for local environment will thus be insufficient if one ... Show more content on
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Getting involved with the right partners and avoiding wrong associates is a highly desirable trait
which must be learnt by these managers. 3–CROSS CULTURAL SENSITIVITY: Culture means the
set of beliefs, values and attitudes deeply held by people of one country, race or religion which set
them apart from other people belonging to different countries, races, and religions. Culture deeply
affects peoples values, beliefs and perceptions and make them different than that of others. This may
lead to a lot of misunderstandings. For example a Westerner while talking to someone in the East
who is looking down and not maintaining eyes contact with him may perceive that person to be
some one telling lies. Contrarily the Easterner being looked directly into his eyes may find it rude or
intimidating. To overcome these types of problems managers must develop cross cultural
sensitivity–the
ability to correctly understand, respect ad successfully deal with the people of other cultures. It
should be emphasised here that cross cultural sensitivity is extremely important for a modern
manager as trivial mistakes can lead to great losses and problems. 4– SELF MOTIVATION: Self
motivation is the ability to pick up one's self on continuous basis. Away from home country in
another place many things can happen leading to disappointments and failures. To cope up, an
international manager must see it very positively and show
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Thethical Code Of Business Ethics: Ethical Code Of Ethics
INTERNATIONAL PAPER COMPANY
ETHICAL CODE OF CONDUCT
Who stands behind Code of Business Ethics? Code of Business Ethics was approved and adopted by
company board of directors. The board of directors, together with the chief executive officer and all
of the Company's other leaders and employees, stand behind it. It is the expectation and intention of
the Company that no waivers from any of the provisions of our Code of Business Ethics shall be
sought or granted. A decision to grant such a waiver may be made only by the board of directors and
any such decision shall be disclosed promptly and publicly as required by the United States
Securities and Exchange Commission.
Who must comply with Code of Business Ethics?
All employees, officers ... Show more content on Helpwriting.net ...
However it was ranked 64
In 1964.
Currently, International Paper Ranks No. 1 in Forest and Paper Products Sector on FORTUNE's List
of America's Most Admired Companies.
International Paper Named To 2013 World's Most Ethical Company List For Seventh Straight Year
By The Ethisphere Institute
ETHICAL AND UNETHICAL ISSUES
Anti–Corruption and Bribery
International Paper does business globally, and they honour the treaties and laws of the countries
wherever they operate. Certain laws, such as the United States
Foreign Corrupt Practices Act (FCPA) and the UK
Bribery Act, apply to the Company's global operations.
The FCPA, as well as many local laws, (e.g., in countries of the European Union) prohibit the
Company, its employees, and third parties working on the Company's behalf from paying bribes,
offering or promising to pay bribes, or authorizing the payment of money or anything else of value
to government officials, employees of government controlled businesses, political parties or
candidates in order to influence a decision or to obtain a business advantage that is against the law
or
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Mcdonald 's The International Market Essay
Nowadays, we can see that there are so many companies that have grown globally and being so
successful in the international market. What makes most of the companies can be as successful as
today was not just only because of their products' reputation, but also about how can those
companies develop themselves by internationalized the companies in the international market. One
example of a successful company that we can use in this case is McDonald's, which people can find
this fast food company around the world. Founded in 1940 by Richard and Maurice McDonald, this
company recently has more than 30,000 stores that can be found in more than 118 countries (James,
2009). The simple idea of using "fast–food serving system" as McDonald's priority made this
company developed widely. As a fact, McDonald's idea was also solved the problem of preventing
people to wait for a long time while waiting for their food in California, where McDonald's firstly
opened (Success Story, 2016). Yet, all those successful things that McDonald's has recently will be
possible without doing any effort to globalize itself in the wider and global market. There are also
some risks that McDonald's has to take in order to be as successful as today. Thus, this essay will
explain about how McDonald's internationalizes itself and what are the factors that make
McDonald's globalizes internationally. First of all, before explaining about how McDonald's
internationalizes itself, this essay will explain what does
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The United Arab Emirates : A Global Hub For Business And...
The United Arab Emirates is a global hub for business and investment. Although the UAE is the
world's seventh largest producer of oil and natural gas, it has managed to shift its economic focus
away from its deep wells. Today, the country derives 71 percent of its GDP from construction,
healthcare, aviation, tourism and other non–oil sectors. With the Heritage Foundation giving the
country an impressive 79.6 percent business freedom score, you have every reason to set up a
company in the UAE and start trading. Here are 13 questions to ask before making the move: 1.
What are the benefits of starting a company in the UAE? Although some Middle Eastern countries
such as Iraq and Yemen are known for their unending wars, the UAE enjoys a peaceful and
politically tranquil environment that enables businesses to thrive. Besides, the country is home to
top banking institutions such as HSBC, Standard Chartered and First Gulf Bank, so you won't have
to look elsewhere for banking solutions and financial assistance. Roads, ports, railways,
telecommunication lines and other pieces of infrastructure are extremely advanced, making it ideal
for diverse businesses. 2. What is the UAE tax policy? The UAE has favorable taxation policies for
both foreign and domestic businesses. But how favorable is it? The federal government doesn't levy
any tax on the income of individuals and companies. However, businesses in the oil and gas
industry are subject to a 50–55 percent tax rate, while banks with
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The Importance of International Business and Exporting for...
TABLE OF CONTENTS
ACKNOWLEDGEMENT....................................................................2
ABSTRACT....................................................................................3
Chapter 1: INTRODUCTION ................................................7–11
1.1 PROPOSED TITLE
1.2 INTRODUCTION
1.3 RATIONALE FOR CHOSEN TOPIC
1.3.1 The Importance of International Business
1.3.2 Competing on an International Level
1.4 AIM AND OBJECTIVES OF RESEARCH
Chapter 2: LITERATURE REVIEW.......................................12–25
2.1 CLASSIFICATION OF DIFFERENT MARKETING LEVELS
2.1.1 Domestic/Home Marketing
2.1.2 International Marketing
2.1.3 Global Marketing
2.2 DIFFERENCES BETWEEN INTERNATIONAL AND DOMESTIC MARKETS
2.3 COMPARISON AND COMPLEXITIES OF THESE LEVELS
2.4 ENTERING A FOREIGN MARKET
2.5 CHALLENGES IN ENTERING A ... Show more content on Helpwriting.net ...
For the purpose of struggling against some additional difficulties when going internationally,
companies have to consider of the importance of international business and being awareness of
implementing an effective strategy on an international level .
1.3.1 The Importance of International Business
International business is a process which its all activities are carried out under the control of
government. It involves two or more countries. To understand the importance of going
internationally, it would be good to find out the answer of this question; "why is international
business important especially for domestic companies?" The simplest answer is that international
business has a huge and growing share of the business in the world. Today, many companies all
around the world, large or small, are influenced by global issues and competition for the reason of a
large number of them sell their products to and/or suppliers from foreign countries secretly and/or
stay ın the competition against products and services which come from other markets.
International business is a kind of opportunity for the countries and the consumers to be exposed to
these services and goods which are hard to find in their own region. Clothes, food, jewellery, stocks,
wines, spare parts and the similar products are always ready to use all the time in international
markets. Providing a service is also done with some ways such as; banking, consulting and
transportation, and
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Evidencia 2 Ibm
Name: Carlo Giovanni Santiago GarcíaMiroslava Hernandez Rocha | Matrícula: 27531002744981 |
Name of the course: International business management | Teacher: Aaron Rodríguez Delgado |
Lesson: International Business Environments |
–––––––––––––––––––––––––––––––––––––––––––––––––
Activity: Project part 2 | Date: March 7, 2016 | Bibliography:https://www.facebook.com/Owl–
Canvas–Mexican–Temptation–283300278508514/?fref=ts https://www.payless.com/ |
INTERNATIONAL ENVIRONMENTS AND BUSINESS OPERATIONS –
TERM PROJECT – PART 2: CHOOSING YOUR CLIENTS
For this second delivery of your term project, you will pick two prospective clients to work with for
the rest of the project: first, a company headquartered abroad that is currently ... Show more content
on Helpwriting.net ...
iii. USA iv. Australia v. Canada e. Telephone number. vi. 1–877–474–6379 (Toll–free in U.S. and
Canada)
7:30 AM – 12:00 AM CST Monday – Saturday
9:30 AM – 12:00 AM CST Sunday f. Email. * CustomerServicePrivacy@csr.payless.com g. Postal
address. h. Maps showing location.
III. Introduction and strategy. i. Company history (2 paragraphs).
Circa 1962–63, Volume Shoe company purchased the original Hill Brothers Shoe Company based in
Kansas City, Missouri and converted approximately all 25 of their stores to the "Payless" name. In
1971, Volume Shoe obtained the second Hill Brothers Shoe Store chain that was started in St. Louis,
Mo in 1956 by Al Melnick and Sol Nathanson with the assistance and aid of the original Hill
Brothers in Kansas City. The St. Louis version of "'Hill Brothers Self Service Shoe Store'" went
from 3 to 103 stores in the Midwest and South between 1956 and 1971. Volume Shoe originally
operated the 103 stores under the "Hill Brothers Self Service" name.
Starting in 1972, Volume Shoe began to consolidate stores in proximity and convert others to the
"Payless" brand. The St. Louis operation of "'Hill Brothers Self Service'" stores were known for
their bare bones minimalism and the slogan "two for five – man alive!", that is, women and
children's shoes were two pair for five dollars.[7]
Payless bought Picway Shoes from the Kobacker department store chain in
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A Brief Note On International Staffing Cultural Differences
International Staffing–Cultural Differences.
Introduction.
This research paper is based on the cultural barriers which hinders employee performance to a great
extent. Staffing is one of the biggest issue one faces in the global market. Companies today strive to
diversify their workforce as much as possible by hiring employees from various backgrounds. There
are three main staffing strategies a company can implement when entering an overseas market, with
each having its advantages and disadvantages. The first strategy is a home–country national strategy.
This staffing strategy uses employees from the home country to live and work in the country. These
individuals are called expatriates. The second staffing strategy is a host–country national strategy,
which means to employ people who were born in the country in which the business is operating.
Finally, a third–country national strategy means to employee people from an entirely different
country from the home country and host country.
Cultural barriers can also be an issue with staffing within when organizations recruit employees
from various cultural backgrounds. For instance Asian employee finds it difficult to work with the
westernized culture. This includes the language, the way of managing things and lot more which
may cause a type of frustration which demotivates the employee.
Approach:
My approach is writing this research paper is very clear and precise. I plan
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Globalization Is The Primary Factor That Drives The...
In today's world, globalisation is the primary factor that drives the development of the economy.
The concept includes all the entities that operate in the economy whether it is the common consumer
or the nation's government. Globalisation has a significant impact on the society; the relationships
formed in the labour world are quite different as there is a complete new set of rules to deal with
(Tallman; 2002); for instance, people often migrate into new cities for jobs, people come from all
over the world with various social backgrounds, and constant change in technology are just some
aspects which are changed and dynamic in the labour world due to globalisation. There are many
shifting forces in the international business world where there is increasing connectivity in a myriad
of ways; here, globalisation is causing a system of interdependence where the economies, societies,
technologies, governments, and institutions are integrated (Narula, 2014). Essentially, the force of
globalisation reduces the barriers that nations have between one another where global markets are
formed. As a result, there is immense pressure for all entities to conform to the global standards set
by globalisation. According to Onetti et al (2012) globalisation has a significant impact on the
international business world; in this case, there is a rapid growth in competition amongst the
nations, expansion of foreign trade, and money flows via activities such as FDIs (foreign direct
investment). As
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The Global Economy Has Become More Competitive And Ambitious
The global economy has become more competitive and ambitious as companies of all extent pursue
to bolster and broaden beyond domestic borders. The Internet and knowledge technology are among
circumstance that have made it achievable for smaller firms to endeavour toward foreign markets.
Before making an international move, though, it is of benefit to figure out commonplace reasoning
companies infiltrate the international business field. Sodden Domestic Corporation leaves limited
opportunities for organisations to snap up applicants. This drives them to look abroad for advanced
consumers and markets. For example, establishing countries can offer an abundant opportunity for
new revenue causes. Discovering resources or constitute partnership ... Show more content on
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Before considering to trade outside your country, do some market research in order to minimise the
risk. misunderstanding the local legal framework it is not safe to assume that the regulations in the
U.K or US are similar or the same as the rules as other countries therefore you need to spend some
time in investigating and researching about this matter so that you can educate your team and make
them aware of this risk. https://www.linkedin.com/pulse/advantages–disadvantages–international–
business–worldwide Advantages of international business: 1. Earning valued foreign money: A
country can make valuable foreign currency by spreading its goods to other nations. 2. Division of
labor: International business leads to specialism in the manufacturing of goods. Therefore, quality
goods for which it has maximum benefit. 3. International harmony and concord: International
business eliminates competition among diverse countries and encourages international peace and
harmony. It makes dependence on each other, progresses common confidence and good reliance.
https://www.linkedin.com/pulse/advantages–disadvantages–international–business–worldwide Coca
Cola and State Street background info State street: State Street Corporation, known as State Street,
is an
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Organizational Behaviour Case Analysis
Case Analysis: Leading Change At Simmons Problem Identification
In the case 'Leading Change at Simmons', the fundamental issue for Simmons Company is whether
or not it should go ahead with Eitel's proposed idea of a culture change program which would cost
$7.2 million at a time where the company is encompassed in a myriad of problems and severe
economic crises'. The program has had initial success but its future profitability still remains largely
uncertain due to high levels of stress and resistance to change found amongst the company's
employees.
Analysis and Evaluation
Simmons is a well–established, trademark producer of bed mattresses but the company's
organizational structure is not in line with its promulgated ... Show more content on Helpwriting.net
...
To overcome this resistance to change, it is essential that Eitel form positive relationships with his
workers along with good support and commitment. He could do this by encouraging better
communication in the company and educating the management about his plan by communicating
the logic of his proposed changes. If the employees see the full facts and solve the
misunderstandings, resistance should subside. This can be done by allowing the employees to
develop and form the plans to introduce changes with him which would allow for enhanced
participation and acceptance of the change as the employees would have a sense of ownership in the
change made which will make it much easier for them to conform once everyone is on board for the
decision. Eitel should also make sure that all changes are fair to everyone and do not come of as
being biased which could create discrepancies among the workers.
Other than that, he should focus on activities such as intergroup development, which seeks to
change the groups' attitudes, stereotypes and perceptions about each other through training sessions,
which focus on differences among occupations, departments, or divisions within an organization.
Interpersonal relations, goal setting and team building
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The Global Trade Regime Of The Early 21st Century
In modern world, the economy of the chief conductors of trans–nationalization processes are large
production marketing associations – multinational corporations, which have a great influence on the
process of world economic communications at the beginning of the 21st century. In parallel and
together with them, transnational banks (TNB) that make a transnational banking system, a financial
support of large international business, work. According to Ravenhill (2014), "the global trade
regime of the early 21st century is based on three components: trade, national regulations and
international agreements".
In the international business, various advantages of many business transactions and the external
economic operations in which legal ... Show more content on Helpwriting.net ...
The new directions and instruments of development of the international business are boldly shown.
The international business is understood as such business activity, the primary coverage of which is
the international economic relations in world economy. The international business can be divided
into some main segments conditionally; global business, international (multilateral) business,
foreign business in the host country and business abroad. According to Epping (2009), "The long–
tail theory of commerce describes the ability of online businesses to use low distribution and
inventory costs to make a profit out of selling small volumes of hard–to–find items to many
customers."
At the beginning of the 21st century, in the world there are more than 70,000 multinational
corporations and 850,000 their branches. The parent companies are located mainly in the developed
countries (50,200), the bigger number of branches are the share of developing countries (495,000).
About a half of the world industrial production and over 73% of foreign trade are the share of
multinational corporations. They control about 80% of patents and licenses for inventions, new
technologies and know–how. Under control of multinational corporations, there are separate
commodity markets: 90% of the world market of wheat, coffee, corn, forest products, tobacco, jute
and iron ore, 85% – the market of copper and bauxites, 80% –
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Business Analysis- International Strategy and Competitive...
Introduction According to Iliev et al (2004, p. 133), Apple Inc. was selling its products exclusively
in America, initially. Nowadays, Apple has expanded significantly beyond domestic market. Apple
has so far succeeded to become a multinational organization, selling products and resourcing law
materials globally. To minimize the impact of the existing rivalry in the PC industry at the global
edge and to maintain competitive advantage, Apple applies non–competition strategies, (Yoffie,
2004). This section examines the strategies adopted Apple Inc to penetrate and to manage rivalry in
the global market. Further, this part looks into the competitive advantages of Apple Inc, which
enable it to maintain competitive edge In the PC industry ... Show more content on Helpwriting.net
...
In fact, today, iTunes account for 70% for global market for digital music downloads, (Jones, 2011).
The combination of product development and product proliferation strategies is beneficial to Apple
since the perceived value of the products of Apple Inc. generated through innovation and superior
design proves to be inimitable competency. Thus, as much as this advantage exists, Apple will
continue to lead in the PC industry. However, the product proliferation strategy adopted by Apple
Inc. a major shortcoming. According to Iliev et al (2004, p. 133), this tactic leads to high pressure
for cost reduction and for local responsiveness. This makes this approach the most difficult to
realize, but if a company succeeds, it can obtain a low cost structure and also considerable level of
customer acceptance. According to Iliev et al (2004, p. 133), Apple applies this approach, but, it has
not yet attained the optimal point. As a result, the majority of computer owners in the global market
do not know much about Apple's technology. For Apple to attain appropriately low cost situation, it
has to come up with ways to persuade PC users in the global market from the very entry of their
innovative and technological superiority. Competitive advantage Apple Inc faces great competition
form other companies in the PC industry such as Dell, Compaq and Gateway. This forces Apple to
come up with competitive strategies which
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International Paper Foodservice Business: Strategic Choice...
International Paper Choice and Evaluation
International Paper Foodservice Business is known for the high–quality paper product they
products. Consumers can also depend on the company utilizing recyclable products to help prevent
damage to the environment. International Paper Foodservice Business company mission statement
states be one of the best and most respected companies in the world – as measured by our
employees, our customers, our communities and our shareowners" (International Paper, 2011).
International Paper Foodservice Business mission statement reflects the goals that are essential to
the growth and future success of the company. However, the company will need to evaluate
different alternatives to identify future growth. ... Show more content on Helpwriting.net ...
According to Pearce & Robinson (2011), "a successful differentiation strategy allows the business to
provide a product or service of perceived higher value to buyers at a "differentiation cost" below the
"value premium" to the buyers". International Paper Foodservice Business will attract loyalty from
its customers by offering products that suit the tastes of its current group of consumers. Because
International Paper Foodservice Business provides their customers with unique produces designs,
the company does not need to price match its competition, but can charge a premium price based on
the position it has in the market that separates it from the competition. In addition, International
Paper Foodservice Business has done a masterful job in product positioning itself in different sports
arenas and movie theaters which is another way it differentiates itself from the competition as the
best choice for paper cups products.
Grand Strategy
International Paper Foodservice Business generic plan relies on the differentiation of its brand to its
competitors, the grand strategy provides a different alternative for International Paper Foodservice
Business. According to Pearce & Robinson (2011), "A master long–term plan that provides basic
direction for major actions directed toward achieving long–term business objectives. The ideal
grand strategy for International Paper
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Worldcom: Ldds Communications
WorldCom was founded in 1983 under the name LDDS Communications, and was considered the
second largest long distance company in the nation. According to the Reference for Business
website, "formed in 1983 in Hattiesburg, Mississippi, when the breakup of AT&T enabled thousands
of competitors to start reselling long distance telephone service to individual and business
customers." The website also goes on to say that WorldCom was also considered a "full–service
telecommunications powerhouse in the mid–1990s." In 1985, a man by the name of Bernard Ebbers
became the company's CEO, after the previous owner Bill Fields, was losing twenty–five thousand
dollars a month. Bernard Ebbers came in to WorldCom as the president and CEO, when the
company ... Show more content on Helpwriting.net ...
WorldCom is one company that is known for their major ethical issue that took place in 2002.
WorldCom had manipulated their earnings from 1999 to 2002, which presented the company as a
growing company. The fraudulent papers allowed the business's stock prices to rise, when they
should have been falling. According to the textbook, "two techniques were used to cook the books.
The first was underreporting 'line costs' by recording them as assets...the second was overstating
revenues through recording fraudulent transactions" (p.177). In 2002, a group of auditors began to
secretly investigating the company, and ultimately found $3.8 billion in fraud. According to an
article written in the New York Times in 2002 by Simon Romero, "WorldCom, plagued by the rapid
erosion of its profits and an accounting scandal that created billions in illusory earnings, last night
submitted the largest bankruptcy filing in United States history." The article goes on to say that the
bankruptcy was expected to shake the telecommunications industry, and it would have an immediate
impact on customers. The bankruptcy was also going to affect the shareholders that invest in a
hundred–billion–dollar company. According to the textbook, "in, 2005, Bernie Ebbers was found
guilty of fraud and conspiracy and for filing false documents with regulators. He was sentenced to
25 years in prison. The company did not portray Christian values in their decisions, because they
were content with lying. If they had not been caught, they were planning to continue falsifying
records, hoping they eventually would be able to repay the
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The Four Key Differences Between Project-Based...
BAM 514– International Business Management
Unit # 3
Question #1. Discuss the four key differences between project–based collaborations and equity joint
ventures. As focal firms internationalize they often run into risks that are beyond their capabilities to
overcome by themselves. Consequently, many firms often conclude it makes sense to work with a
strategic partner with capabilities complimentary to their own to achieve certain projects. When two
or more firms come together to manage risks associated with internationalization, they form
international partnerships, or international strategic alliances. By working together, focal firms use
the capabilities, resources or other strengths of their partners to achieve projects they would
otherwise be unable to do alone. There are two basic forms of partnerships, Equity joint ventures
and Project–based collaborations. To understand the differences between these two basic types of
partnerships it helps to understand how each is structured. (S. Tamer Cavusgil, Gary Knight, and
John R. Riesenberger, 2012. International Business: The New Realities. Second edition, page 411).
An Equity joint venture is a traditional partnership in which a new entity is created through the
combination of assets by two or more parent companies. Together, the firms share joint ownership
of the new legal entity. Typically, this may be a result of one firm not having all the resources or
assets necessary to exploit an opportunity, or it may be the only
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Why Do International Companies Use Expatriate Managers?
Long before the globalisation, the internet and advanced telecommunications many companies with
an international orientation have applied expatriate managers – some even since the early days of
international trade. The theme for this essay is critically to evaluate the reasons why international
companies continue to use expatriate managers even though it is a very expensive option.
The term expatriate originates from the Latin words ex patria (out of fatherland) and refers to an
employee from one country that temporarily works and resides in another. Expatriates may either be
send out for assignments from the parent company as parent–country nationals (PCNs), send in as
an 'inpatriate' to the parent company from the host country ... Show more content on Helpwriting.net
...
The aforementioned increase in expatriations is remarkably in itself, but also as there are reasons
advocating a decrease in expatriations besides the aforementioned risks of expatriation failure: High
levels of heterogeneity in different markets compared to home market, where differences in culture
and high complexity in foreign legislative and other institutional conditions, as well as potential
political risk, lead to greater utilization of local management rather than expatriates managers.
Subsidiaries also tend to operate on a wide extend of local autonomy in polycentric (Perlmutter,
1966) multinationals structured with a loose coordination and a disperse configuration (Porter,
1986). The fact that career opportunities for locals are reduced if expatriate managers are used, that
mobility barriers in dual (two) career families are increasing, that there is an overall unwillingness
to go to unattractive locations, coupled with uncertainty about the repatriation and the further career
possibilities, may likewise limit expatriations. In some cases there may be work permits / visa
constraints too.
However, despite the above mentioned and despite the high direct cost of expatriation and the high
indirect cost by failed
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International Management: Market Entry
Introduction If an industry has decided to conquer the international market, there are many choices
that will be opened. These options may include the cost, risk and the degree of control that the
company will encounter ( 2001). In entering an international business, it is important that the
management of the company should be able to choose a marketing entry strategy so as to make the
company be more competitive ( 1986). Primarily, the purpose of this paper is to provide an analysis
of the marketing entry mode that British Petroleum may use to enter the Hong Kong Special
Administrative Region (SAR) market. In this manner, the discussion of the current situation of
Hong Kong will be analyse as well as the international ... Show more content on Helpwriting.net ...
Since the country has a positive vision regarding oil and natural gas products and other chemicals,
BP can use this as an instrument to expose its products in the population of China ( 1997) and show
the quality of products and services they offer. Various Environments When a firm decides to
expand its venture to international market, it faces different challenges that need to be given
emphasis (, 1999). One of the most important considerations that should be given enough attention
by the management of any industry like oil industries is the different environmental factors that
affect the firm as a whole (1980). BP operates in a complex and more competitive environment.
This is because only few countries can able to produce oils and natural gases. In this manner, the
competition to produce and provide products and services for different consumers is demanded not
only in the domestic arena but most especially to the international market ( 1995). The environment
in which oil industries belong is a kind that must be given enough consideration in order for the
company to be recognised in the whole world. Factors, such as consumer segments, political,
economic and technological factors ( 2000) are few of environmental aspects, needed to be
determined by BP as
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International Organizational Design
International organizational design Table of Contents pg Executive
Summary..................................................................................................... 2
Introduction.................................................................................................................. 3 What shell
you do to make your organizational structure or design an International organizational design? 3–6
Examples.......................................................................................... 6–9
Conclusion....................................................................................... 9–10
Reference........................................................................................ 11 Executive summery This work
will focus on organizational design as an important aspect for all businesses and an essential
ingredient for success in international businesses given the high level of complexity and operational
diversity that must all maintain cohesion. It also analyses the small–scale and large–scale methods
by which international businesses achieves appropriate organizational design. The nature of the
specific legal entities or contracts under which the company engages (or is engaging) in its
international business activities needs to be decided, as the use of strategic alliances is typical for
many international concerns and the type of alliance can greatly influence other aspects of
organizational design, development and operation. The work will elaborately analyze the three
primary areas of knowledge that should be considered when developing an organizational design
scheme or plan, all of which are
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International Business Environment And Marketing Management
I chose international business environment as my topic of interest
The reason why I chose this topic because I would like to become an international business manager
in the future, so as a result of that I have to know a lot about the international business environment
and that will help to develop my career in international of business management and yes
international business environment is related to my area of study or professional field of study, as a
student of business administration and management, I would definitely come across learning the
principles that guide and help one on how to study the international business environment and adopt
it ,
Question 2
International business environment. International Business ... Show more content on
Helpwriting.net ...
Warehouses: it is the storage or facilities that company uses to store its product or its raw material.
Advertising: is the activities that business do to attract wider customer's attention.
Marketing: is the business department that deal with selling of the business output to customers.
Research agencies: those agencies that are specialize in taking business researches like finding out
what customers want and need.
Business consulting firms: these are business advisory firms that advice business people about how
to conduct or get from a bank or how to manage a business.
Financial institutions: these are the banks and other financial institution that provide funds and keep
business incomes on behalf of them.
Competitors: these are the business that conduct business in the business and in the same market or
sell the same product.
Customer's general public: these are the people who have interest on the business activities that a
business sell.
While the customers constitute firm 's market, suppliers and market intermediaries help providing
the firm with inputs and assist in production and marketing processes. Competitors and general
public also influence the way a firm conducts its business.
Macro environment consists of broader forces which affect the firm as well as other actors in the
firm 's micro environment. These include factors such as
Geographic: it is where the business conduct a business the business
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Marketing Analysis : Mgm Resorts International
MGM Resorts International
Denise Watson
Professor Framan
July 21, 2015
Target Market
Geographical Segmentation
MGM serves both local and international customers for their range of businesses. The company
targets nearby, destination and convenience customers by operating in strategic locations and states
Demographic markets
Previously, casinos were known to serve the older generation as their target market. However, the
resort style amenities of MGM appeals to the younger generations. The entertainment segment also
attracts the younger generation with resort–style complexes, gourmet restaurants, and trendy
nightclubs. MGM appeals to both older and young customers.
Behavioral segmentation
The MGM attracts five types of customers; recognition seekers, escapist, reward seekers,
socializers, and professionals. Escapist seek a getaway to entertainment sections and resorts located
in different areas. The reward seekers are driven to visit the business due to their vested interest in
rewards that casinos tend to offer. Socializers require a form of engagement where they get to meet
different people as a form of distraction out of the ordinary way of life. Professionals make a living
out of casinos and pay close attention to what a casino offers.
Psychographics
The casino marketing is directed to individuals who want to have fun and those who are willing to
risk their mortgages (Klebanow, 2009)
Importance of identifying target markets to MGM Resorts International.
Not
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Personal Statement: Working With People From Different...
ESSAY 1: Please describe a situation in which you worked with people from different backgrounds
and what you learned from that experience. (max 1,200 characters) In 2014, I completed an
internship at Vocon, a well–known architecture firm in Manhattan. Working at Vocon was
unfamiliar for me. My coworkers had a very different background than mine: a young French girl
with no true working experience within a group of senior American architects and designers coming
from all the country and working in Manhattan where they renovate headquarters of famous
companies. Quickly I found my mark since growing up in an international environment and having
spent lot of my life outside of my home country has shaped my character. It has developed good
comfort ... Show more content on Helpwriting.net ...
The course gave me a new prospective while building on foundational concepts I have learned at
school during my 'Economics & Social Science' courses as well as leveraging my interest for
international and multi–cultural matters. I was particularly intrigued and interested by the session
we had about a comparative analysis of productive efficiency between the US and Japan. I
discovered the importance of the legal matters such as patents or international arbitration. I also
enjoyed working as a team on a practical case study. In our group we decided to work on the
introduction of a US Fashion brand on the French market going through the overall strategic
business
... Get more on HelpWriting.net ...
New Marketing
1. Discuss the nature of the market structure and demand for Cisco's products. Table 6.1 from the
text provides the foundation for discussing this question. The implications for any and all of these
points may be discussed. Suggestions for the points that are most relevant to this case are given
below. 2. Given the industries in which Cisco competes, what are the implications for the major
types of buying situations? Straight rebuys–because Cisco deals in high–tech, there may be few
truly straight rebuys. This is due to the fact that as purchase cycles come up, technology has
changed. As a result, corporate buyers are looking at slightly different to extremely different
products to replace the ones that they have. Straight rebuys ... Show more content on
Helpwriting.net ...
Similar to the benefits achieved by the scientist working on solar technology in the case, P&G
should achieve benefits of accelerated new product development. This reduces costs and makes
P&G more competitive by bringing new products to market before other
... Get more on HelpWriting.net ...
The Environment And The Culture Of A Country
The environment and the culture of another country can greatly affect a business that is operating
internationally in many ways. Since every country has its own culture and values that differ from
country to country, it will affect any business that is attempting to expand internationally, as there
won't only be one culture that ought to be considered before expanding internationally, but quite a
few, and also what might be considered as acceptable in one country, it may not be in another.
Every country has environmental factors that affect it, factors that include political, economic,
social, and technological.
The political factors will affect any businesses that will be trying to expand internationally, as they
mainly revolve around the legislations that apply in that country. In the chance that a country
prohibits a business from making more than 35% gas emissions, the business that is operating in
that country will have to abide to that. Other political factors that the business will have to abide is
the way that the country operates with the employment. A business cannot treat the employees of
that country working for them to suit their needs, but they will have to consider how the country
operates politically. Every country will have their consumer rights, environmental issues and
government taxes and subsidies which will all need to be taken into account, and if the businesses
do not abide then they can get heavily fined.
The economic factors that they will have to
... Get more on HelpWriting.net ...

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Armani And International Essay

  • 1. Armani And International Essay International trade and organisation has opened many opportunities for the businesses and has provided them with the wider arena to operate their business. Globalisation and International trade has enabled the businesses like Armani to conduct their business activities across the national border and to expand their business. The globalisation and international trade has not only opened doors of new opportunities for Armani but the differences between countries and the globalisation of world economy also has also imposed many challenges on the business. When making international strategic decisions, business managers of Armani have to take account of the global business environment in managing on–going international operations. Globalisation has significantly boosted economic growth all over the world and therefore has provided Armani with better business opportunities. ... Show more content on Helpwriting.net ... It is known for its style and quality. Global factor will factor will facilitate the business to conduct and expand its product lines in all the countries where Armani is currently conducting its business operations. Global Growth: For business like Armani, global factors provide opportunities for the business to expand the business world wide, which open new doors of opportunities for businesses in future. Protectionism: To restrict trade between states, protectionism is the policy that restricts trades through the methods such as imposing tariffs on imported items, through other government regulations, restrictive quotas, and through introducing the policies that supports fair competitions to protect the future of local business (Johnson & Turner, 2010). WTO: World Trade Organisations regulates between nations the global rules. The main aim of WTO is to facilitates the flow of trade and ensure free and smooth trade between states. It facilitates the companies like Armani to conduct smooth business operation across countries. ... Get more on HelpWriting.net ...
  • 2. International Business Multiple Chioce International Business, 13e (Daniels/Radebaugh/Sullivan) Chapter 1 Globalization and International Business 1) The broadening set of interdependent relationships among people from different parts of the world is known as ________. A) globalization B) offshoring C) franchising D) outsourcing Answer: A Diff: 1 Page Ref: 5 Skill: Concept Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them? AACSB: Multicultural and Diversity 2) The term globalization is sometimes used to mean the ________. A) movement of jobs to high–wage countries B) business being undertaken outside the confines of any nation C) uneven distribution of resources and this distribution's influence on ... Show more content on Helpwriting.net ... A) it is essential for most managerial job interviews B) it may help you make more informed operational decisions C) you will need to supervise and evaluate subordinates who have international responsibilities D) you should understand importing and exporting in order to be promoted Answer: B Diff: 2 Page Ref: 7 Skill: Concept Objective: STUDY QUESTION 1.2: Why should you study international business? 9) The shifting of national borders has created which of the following situations for international business? A) It has left most people who reside in rural areas with only the barest connection to the rest of the world. B) It has complicated the understanding of behavioral factors affecting business.
  • 3. C) It has made comparisons of historical data on international transactions problematic. D) It has slowed communications between a company's headquarters and foreign operations. Answer: C Diff: 2 Page Ref: 7 Skill: Concept Objective: STUDY QUESTION 1.3: Explain how globalization has changed over time and differs both among countries and within countries. AACSB: Multicultural and Diversity 10) Which of the following is an indication of the increased globalization of business since the end of World War II? A) World trade has grown more rapidly than world production in almost every year. B) Most countries now depend on foreign output for more than half their consumption. C) Foreign ownership of ... Get more on HelpWriting.net ...
  • 4. Starbucks Financial Analysis Running head: STARBUCKS AS AN INTERNATIONAL BUSINESS 1 An Analysis of Starbucks as a Company and an International Business Lauren Roby A Senior Thesis submitted in partial fulfillment of the requirements for graduation in the Honors Program Liberty University Spring 2011 STARBUCKS AS AN INTERNATIONAL BUSINESS Acceptance of Senior Honors Thesis This Senior Honors Thesis is accepted in partial fulfillment of the requirements for graduation from the Honors Program of Liberty University. 2 ______________________________ Edward M. Moore, Ph.D. Thesis Chair ______________________________ Melanie A. Hicks, D.B.A. Committee Member ______________________________ Harvey D. Hartman, Th.D. Committee Member ... Show more content on Helpwriting.net ... The price has been rising, not simply due to the price of coffee itself, but because of the supply chain and the current economic situation around the world. Last year Starbucks had to raise prices globally, but especially in the United States and China, due to rising prices for coffee and other ingredients, but this year they are taking the hit from the rising coffee prices for the consumers (Baertlein, 2011). Although the prices of coffee had to be raised globally due to the high demand of the product and the cost of producing it, there is still a strong outlook for the coffee industry because of the large consumer base of the industry. The coffee industry is expected to continue growing through at least the year 2015 and even longer in other emerging markets around the world (Lingle, 2007). Even if the market in the United States begins to decline, there are other emerging markets for the specialty coffee industry. Due to Brazil's rising economy, it is set to be the biggest coffee drinking country in the world with recent coffee consumer growth of 39% from 2000 to 2009 (Murphy, 2011). With Brazil's upper and middle classes expanding, it has more money to spend on
  • 5. specialty coffee and other superfluous items. Brazil could be STARBUCKS AS AN INTERNATIONAL BUSINESS the single most important economy to invest in for the coffee business, if its economy continues to grow. India is another major source of economic growth. Starbucks plans to open its first ... Get more on HelpWriting.net ...
  • 6. Does Trade And Investment Play A Huge Role For An Economy... Does trade and investment play a huge role for an economy's transformation? Actually they are the main factors that drive economic growth. The coefficients estimated that for the period running 1970 through 1984 suggest that the growth of real GDP rises by about 0.2 percent points for every 1 percent point increase in the growth rate of the international trade (Van den berg & Lewer, 2006). Today 's economy is characterized by innovations and changes that are frequently discontinuous and usually far–reaching and it is also portrayed by enduring streams of new items and advances and by expanding variety (Ringbakk and Root, 1974). Firstly, International trade is the trading of products and ventures crosswise over worldwide outskirts. It makes the economy to make utilization of the characteristic assets for the creation of merchandise and how it 's most appropriate. It has been discussed that international trade arises when a country specializes in the production of certain goods and thus it produces more than what is needed to supply the domestic demand and therefore it exports the surplus (Collings, 1929). Also, it empowers a nation to acquire products are not produced in the economy as it may be expensive by bringing in from different nations at lower costs. Another thing is that it increases efficiency due to the international competition, each producer tries to produce the better quality goods (Collings, 1929). On the other hand, international trade may have a negative ... Get more on HelpWriting.net ...
  • 7. Effective Change Leaders Have Dreams No organization can survive over an extended period of time without the proper focus on people as its most important resource." – Charlie Eitel. Effective change leaders have dreams. They are aware of their current state, and where they want to go (Banutu, and Shandra, 2007). Simmons Company, founded in the early 1900s, was a trade–mark leader in bed mattresses. With booming sales, the company faced a fundamental issue of whether or not it should go ahead with the new CEO – Charlie Eitel proposal. His suggestion for changing the current program which could cost $7.2 million dollars, especially at the time when the company was having financial problems in the heat of the economic crisis of 9/11. Eitel's strategy was to transform the ... Show more content on Helpwriting.net ... He believes the only way to succeed is to develop and empower your employees (Casciaro, and Edmondson, 2007). "Should Simmons implement the GGOL? Why or why not? Give at least two reasons based on the case study for your position." Simmons should initiate "the GGOL" project, because its purpose is based on teams' development. It promotes an engaging system for rewarding employees, and productivity. Plus, the rollout would repair the incongruous amongst the company's established culture and its future strategy. For instance, many of the plants leaders were perceived as dictators, with authoritarian leadership. This creates a toxic environment for employees. Furthermore, instead of collaborating to achieve a shared–goal, the plants compete with each other. These behaviors profoundly affected productivities, which impose a negative impact on employees' morals (Casciaro, and Edmondson, 2007). "Great leaders are willing to challenge the status quo while trusting and empowering their people. Not only do leaders use obstacles to create a positive future, they are willing to set an example of sacrifice for the good of the next generation" – Banutu, and Shandra, 2007. "How did the Charlotte 's Pride video" influence your position on ... Get more on HelpWriting.net ...
  • 8. The Eclectic Paradigm: What Are The Reasons For... Reasons for Internationalisation  Companies can decide to go global or to enter international markets for various reasons, and these different objectives at the time of entry that enable the business to produce different strategies and the performance goals, and even forms of market participation.  Increase Sales: – if a business succeeds in the US, going international will likely improve the overall revenue. Approximately 96% of the world's population lives outside of the United State and 90% of the world's population do not speak English, that suggest that customer is global and if a business has to look beyond the end of the domestic market, you have real upside potentials  Improve profit: – a lot of export market are not a ... Show more content on Helpwriting.net ... Eclectic Paradigm: – The Eclectic paradigm and transaction cost analysis – It is the length, types and pattern of international production and it is founded on the juxtaposition of the ownership– specific advantages of the company considering foreign production. The propensity to internationalise the cross–border markets for these, and the attractions of a foreign market for the production (Dunning 1988). International market entry decision is often made in a rational manner, based on explaining of the costs of the transaction. Industrial Network: – Both Uppsala model and the Eclectic Paradigm above concentrate on the right condition of the business in producing its international marketing activities. It is the firm or individuals within the business who decide how it will enter a specific market abroad. Johanson and Mattsson (1986) believe both models leave out characteristic of the firm and the market that seem important in the industrial system. Turnbull (1986) recommend that a major weakness is a one–sided focus on the activities of the manufacturer together, that negotiate in the flow of goods and services to the customer Business Strategy approach: – this is based on the idea of Pragmatism (Welford and Prescott, 1994) with the company making trade–offs between a number of unstable decision to internationalize and the way it adopts to do so Reid (1983) argues that foreign expansion is contingency based and ... Get more on HelpWriting.net ...
  • 9. Which Alternative Is Likely To Have More Risk? International Opportunities. a. Do you think that either the acquisition of a foreign firm or licensing will result in greater growth for an MNC? Which alternative is likely to have more risk? An acquisition will typically result in greater growth for an MNC, but it is riskier because it normally requires a larger investment by the company and the decision cannot be easily reversed once the acquisition is made. b. Describe a scenario in which the size of a corporation is not affected by access to international opportunities. Smaller firms might avoid opportunities because they lack the resources and knowledgeable personnel who have more insight about entering foreign markets or expect that the risks might be more ... Show more content on Helpwriting.net ... International Opportunities Due to the Internet. a. What factors cause some firms to become more internationalized than others? The most successful firms have invested in playing a major role in Social media and the internet to ensure that consumers and other businesses about the product or services. The website as well as Social media allow potential and current consumers aware of the any and all information about the product and the cost. The advent of Social media allows the consumers to share options of the product and receive feedback from the company media specialist. In the current marketplace the market is no longer just the business around the corner today the company might be overseas. The operating characteristics of the firm today might include being internationalized since the marketplace has grown over the years with the internet. International strategy is a global plan specific to a company or conglomerate where a model for global expansion and commerce is the ultimate goal. International strategy usually refers to actions that occur across multinational corporations in the private sector. ... Get more on HelpWriting.net ...
  • 10. Effective Change Leaders Have Dreams "No organization can survive over an extended period of time without the proper focus on people as its most important resource." – Charlie Eitel. Effective change leaders have dreams. They are aware of their current state, and where they want to go (Banutu, and Shandra, 2007). Simmons Company founded in the early 1900s, was a trade–mark leader in bed mattresses. With booming sales, the company faced a fundamental issue of whether or not it should go ahead with the new CEO – Charlie Eitel proposal. He suggested on changing the current program which could cost $7.2 million dollars, especially at the time when the company was having financial problems in the heat of the economic crisis of 9/11. Eitel's strategy was to transformed the culture of authoritarian behavior in most plants and install a respectful friendly and stimulating work environment, similar to the organization's Janesville plant which produces the largest revenue of $150 million" in sales out of the company's total sales of $900 million. (Casciaro, and Edmondson, 2007). What is the objective of the Great Game of Life (GGOL) program? The objective of the "Great Game of Life", which was formally known as "Play to Win" was founded by Larry Wilson, an expert in change management. It was designed to promote employees growth, to enable individuals to "make better choices in order to live a better life through choosing growth over fear." The change effort was based on the organization's model that claims ... Get more on HelpWriting.net ...
  • 11. International Marketing. Submitted By: Zeinab Amin. Submitted International Marketing Submitted by: Zeinab Amin Submitted by: Melanie Simmons International Business Northern Alberta Institute of Technology March 12, 2017 Table of Contents INTRODUCTION 3 INTERNATIONAL MARKETING 4 MARKETING PLAN 5 FACTORS EFFECTING INTERNATIONAL MARKETING 6 PEST ANALYSIS 6 POLITICAL 6 ECONOMIC 7 SOCIAL 8 TECHNOLOGICAL 8 INTERNATIONAL MARKETING STRATEGIES 8 EXPORTING 9 LICENSING AND FRANCHISING 9 JOINT VENTURE 10 DIRECT INVESTMENTS 10 CONCLUSION 10 REFERENCES 12 INTRODUCTION Coca–Cola is one of the companies that gets nearly 60 percent of their sales from outside of the United States; this is a perfect example of International Marketing. The term 'international marketing' is not only based on marketing, but ... Show more content on Helpwriting.net ... A PEST Analysis is then conducted, and this will emphasize the political, economic, social, and technological aspects of international marketing. The analysis will be followed by a few relevant international marketing strategies implemented in today 's market; these strategies includes exporting, licensing and franchising, joint ventures and direct investment. INTERNATIONAL MARKETING
  • 12. "The international market goes beyond the export marketer and becomes more involved in the marketing environment in the countries in which it is doing business" (Keegan, 2002). "At its simplest level, international marketing involves the firm in making one or more marketing mix decisions across national boundaries. At its most sophisticated level, it involves the business in establishing manufacturing facilities overseas and coordinating marketing strategies across the globe." (Dole &Lowe, 2001). From these two scholarly quotes, we can deduce that International Marketing involves executing marketing principles to satisfy the variety of product and services needs and wants of different people situated across borders (International Marketing," 2015) and organizational objectives. Likewise, International Marketing is commonly referred to as Global Marketing which also engineers the marketing mix by closely analyzing the product, price, place, promotion worldwide and customizing to precisely fit the needs and wants of a ... Get more on HelpWriting.net ...
  • 13. The Challenges Of International Management International management is defined as the practice of business operations in multiple countries. To be involved in international management professionals must be familiar with many different types of language, culture, economies, and environments. One of the main goals of international management is to link businesses globally and make a profit, while being able to connect various cultures. There are many challenges brought about in the field of international management. One of the biggest challenges is the language barrier. Communication is a major key to developing and bringing success to a business. So to be involved in international marketing you need to have a basic understanding of language or have someone that can translate for you. Another issue in international management is cultural conflict. Globally there are many different cultures, and when these cultures cross there is sometimes conflict in the way that they react to each other. Some cultures take emotion very seriously in their business negotiation whereas other countries do not. So before taking a step toward expanding globally it is good to do research on the cultures that you will be trying to enter. This will make the businesses transition easier and lead to less miscommunication issues. Foreign governments can have a major influence on the issues of international management of business. In the United States the country operates without very much regulation from the government. In many countries around ... Get more on HelpWriting.net ...
  • 14. The Global Financial Crisis Hits The World Economy Going global was common for almost every company out there, until the year 2008 when the global financial crisis hits the world's economy. The global economy since then entered into a new phase of globalization, known as 'guarded globalization'. Developing nations began defending their local industry, and became more cautious when allowing multinational companies to operate in its soil (Bremmer 2014). They heightened their national security, recognizing the importance of more sectors and taking measurements to prevent multinational companies from entering the country. They are now swayed into promoting their domestic and stated owned businesses. Prices of goods were affected, for example Pfizer. It is worth to take note that the escalation ... Show more content on Helpwriting.net ... "Globalization also means the growing integration of markets and nation–states and the spread of technological advancement. A high globalization speed may also generate opportunities for speculation, uncertainty, and risk" (Martens & Raza 2010, p. 281) Free trade for goods and labor are encouraged across borders. These economic and social developments had improved the global economy thus improves standard of living and human development (Martens & Raza 2010). Firms should look out for global market opportunities to expand their business into various markets and also to estimate the demand for products and services in various economies. There are many markers that could indicate favorable opportunities for companies to export, invest, source or partner in foreign markets, and these could be promising mixtures of circumstance, locations and timing (Cavusgil et al. 2014). Firms can carry out a global market opportunity assessment to analyze a market's suitability to the firm. There are six tasks for the global market opportunity assessment. Firstly is the organizational readiness to globalize. This could gauge a firm's preparedness to conduct international business with an initial assessment, which includes its financial resources and management's commitment. Secondly is the suitability of products and services for foreign market. Products that sell well in the domestic market might not be suitable to sell in other markets, so firms need to determine how ... Get more on HelpWriting.net ...
  • 15. The Business Operations Of Marriott International Became... Before Marriott International became the largest hotel company in the world, it began as root beer stand in Washington D.C. in 1927. Young newlyweds, J. Willard and Alice Marriott, found instant success by offering good food at good prices. Soon, they added hot food items to their menu and restaurant, "Hot Shoppes", was born (Marriott, p. 2). From there, they ventured into airline catering, and in 1957, made history by opening the first hotel in Arlington, Virginia (Marriott, pp. 2–3). By 1982, Marriott became a global phenomenon and revolutionized the hospitality industry through its creativity and constant innovation. Today, the company is known for its work environment and excellent business operations, which are based on five core values: "put people first, pursue excellence, embrace change, act with integrity, and serve our world" (Marriott, p. 5). As of 2015, the company had 20 brands running 4,175 hotels in 80 countries and occupies 15% of the hospitality market share (Matthews, 2016 , p. 1). CUSTOMER SATISFACTION & CUSTOMER LOYALTY Marriott International understands that high customer satisfaction is directly linked to success. With so many options available to consumers, brand loyalty and repeat purchases are crucial to survive. In 2011, Marriott introduced the Marriott Rewards program (Marriott, p. 8). The loyalty program lets travelers earn points by booking a hotel room, shopping with partners, booking meeting rooms, referring friends, and more. Any amount ... Get more on HelpWriting.net ...
  • 16. Advantages Of Foreign Agent Partnering Distribution with Foreign Agents Prepared for Prof. Saffa Al Shammari IBM 204 St.Clair College Prepared by Gohil Ankitaben Miteshkumar 0711374 Durga Sainath 0712920 International Business Management Program St. Clair College February 19, 2018 Table of Contents 1.1 Market entry method 3 1.2 Why Foreign Agent 3 1.3 Motivation and Safety of both parties for contract 4 1.4 Advantages and Disadvantages of Foreign Agent 5 1.5 Bibliography 5 1.1 Market entry method In the building of market entry strategy, time is crucial factor, that the sum of an intelligence system as it includes creating an brand image through promotion system and it takes time, efforts and money, because brand names do not appear overnight, large ... Show more content on Helpwriting.net ...  Both parties shall keep all commercially sensitive information obtained by them in the context of the Contract confidential and shall not divulge it without the written approval of the other parties. (CIDB, 2008)  All Goods supplied shall comply with the requirements of the Scope of Work, or shall conform in all respects to the sample which form part of the Contract. (CIDB, 2008)  Submission about the progress report on certain time interval according to suitable to both the parties. 1.4 Advantages and Disadvantages of Foreign Agent
  • 17. Advantages and Disadvantages of having the Foreign/ International Agent as a partner: Advantages: Agent is the well placed to identify and exploit the opportunities from the market. They have solid relationship with the buyers which very important for success of the business. Shared knowledge and resources Overcome host countries government restrictions Cost effective Disadvantages: Hard to manage quality of customer services Issues with the quality of work and commitment and efforts It's not easy to get market feedback Usually variety ... Get more on HelpWriting.net ...
  • 18. Essay about Ethics in International Business Ethics in International Business Abstract International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations. The argument in question is how companies should practice their business according ... Show more content on Helpwriting.net ... The values and culture have reflective impact on ethical climate in organizations which inhabits on the ethical measurements changing in the structure of an organization. All these concepts facilitate the motivation of both employers and employees that would lead positive effects for organizations. Motivation is a psychological trait that would lead an individual or related party to a desired action on a definite goal. Motivation in an organization is considerable to sustain an employee with occupational pleasure, individual satisfaction, and positive contribution to the work place and its environment. Ethical Management, Impact on Individual and Organizational Performance Companies are supposed to be able to achieve and demonstrate an ever increasing performance showing improvement on leading in their industries to acquire competitive advantages. Having a high level of performance could be greatest achieved with competent and motivated employees. The conduct of business in an organization with an ethical manner is of great importance to secure an increasing performance as well. Organizations functioning towards ethical standards should ensure unbiased applications of business and recall a sense of justice to stimulate motivation among their employees. Employees that are motivated through a positive ethical organizational climate and leadership do much better than a less motivated employee. This promotes the organizational achievement that causes ... Get more on HelpWriting.net ...
  • 19. Fast Food and Burger King International Business Assignment Abstract Burger King has been widely known as one of the biggest fast food restaurant around the world. For decades, Burger King has grown rapidly and well known in the worldwide. Founded by James Mclamore and David Edgerton in Miami, Florida in 1954, the company first started its menu dominantly of burger, fries, and soft drink. Since the restaurant grows, Burger King expanded the breadth of its menu by adding various non–beef items like chicken, fish and veggies sandwiches, a breakfast menu, salads and non–soft drink beverages. In this paper, there will be an analytical discussion about the operation of Burger King around the world. This assignment will focus on how international developments ... Show more content on Helpwriting.net ... In Singapore, the bright and vibrant Americana décor has made the Burger King restaurants the favorites meeting place for young people, including college students and working professionals. The Burger Kings add value to high traffic locations, often adjoining major recreational venues such as cinemas, shopping centers and leisure attractions and that can provide costumers with a complete leisure, entertainment and casual dining experience. Like Most fast food restaurants, Burger King has a food preparation area, dining area, and parking lot, and many have a drive– thru section. Drive–thru sales can be important and double windows help speed transaction times. Some restaurants have children's play areas. Because customer convenience is critical, most of Burger King Restaurants are located in high traffic areas. The Corporation carefully evaluates potential restaurant sites, considering population, traffic flow, and walking patterns. Restaurants may be free– standing or located inside another building. It sometimes may place as a kiosk, with limited or no seating, in tight spaces like airports or train stations. The average size of a fast food restaurant varies, depending on seating and equipment requirements. Burger King Corporation is always looking for locations for new restaurants around the world. It ... Get more on HelpWriting.net ...
  • 20. Entering International Markets Essays Entering International Markets Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. For growth to be optimal, management must first be able to identify the most attractive prospective leads. The country as a whole, specifically geography, government, and financial aspects must be looked at in order to yield the best possible picture of the market a company wishes to enter. Concentration should be placed on gathering reliable facts ... Show more content on Helpwriting.net ... After sifting through the leads and finding the right ones to investigate management must formulate an international marketing plan. This further helps management in locating potential markets for their products. The first step is to use secondary research to find out what the sales potential is in a given market. Asking the questions of need, demand, and support gives one a starting point for research. If we were a company that sold pants we might want to ask the following questions. Is there a need for pants? Is it cold enough there to wear pants? Do people that demand the pants have money? These are the questions that one should ask of potential markets. Table 1–located at the end of the paper–shows the statistics that are needed for a general market picture. After gathering the information from the secondary research, the picture of a potential market becomes more evident. However, to make the picture clearer, one must conduct primary research. This research outlines the specifics of the potential market that directly pertain to the product. Robert Douglas' book, Penetrating the International Market, addresses the issue of locating potential markets in greater detail.2 [mg1] After finding a lead that contains profitable markets it is necessary to analyze the venture as a whole. The decisions of companies must be based on the facts of reliable sources on all investments. To gather the information ... Get more on HelpWriting.net ...
  • 21. Global Management Skills MINA MANAGEMENT INSTITUTE SHARING THE VISION OF EXCELLENCE GLOBAL MANAGEMENT SKILLS The collapse of international economic boundaries, rapid changes, workforce mobility and diversity, and the economic interdependence of countries is what is popularly known as Globalisation. This phenomena poses difficult challenges to everyone especially mangers to reassess their capabilities and get ready to manage internationally. The need arises from the fact that traditional management skills are designed to manage only in local environment which is comparatively static and non changing. Contrarily international business environment is highly volatile, and rapidly changing. The skills meant for local environment will thus be insufficient if one ... Show more content on Helpwriting.net ... Getting involved with the right partners and avoiding wrong associates is a highly desirable trait which must be learnt by these managers. 3–CROSS CULTURAL SENSITIVITY: Culture means the set of beliefs, values and attitudes deeply held by people of one country, race or religion which set them apart from other people belonging to different countries, races, and religions. Culture deeply affects peoples values, beliefs and perceptions and make them different than that of others. This may lead to a lot of misunderstandings. For example a Westerner while talking to someone in the East who is looking down and not maintaining eyes contact with him may perceive that person to be some one telling lies. Contrarily the Easterner being looked directly into his eyes may find it rude or intimidating. To overcome these types of problems managers must develop cross cultural sensitivity–the ability to correctly understand, respect ad successfully deal with the people of other cultures. It should be emphasised here that cross cultural sensitivity is extremely important for a modern manager as trivial mistakes can lead to great losses and problems. 4– SELF MOTIVATION: Self motivation is the ability to pick up one's self on continuous basis. Away from home country in another place many things can happen leading to disappointments and failures. To cope up, an international manager must see it very positively and show ... Get more on HelpWriting.net ...
  • 22. Thethical Code Of Business Ethics: Ethical Code Of Ethics INTERNATIONAL PAPER COMPANY ETHICAL CODE OF CONDUCT Who stands behind Code of Business Ethics? Code of Business Ethics was approved and adopted by company board of directors. The board of directors, together with the chief executive officer and all of the Company's other leaders and employees, stand behind it. It is the expectation and intention of the Company that no waivers from any of the provisions of our Code of Business Ethics shall be sought or granted. A decision to grant such a waiver may be made only by the board of directors and any such decision shall be disclosed promptly and publicly as required by the United States Securities and Exchange Commission. Who must comply with Code of Business Ethics? All employees, officers ... Show more content on Helpwriting.net ... However it was ranked 64 In 1964. Currently, International Paper Ranks No. 1 in Forest and Paper Products Sector on FORTUNE's List of America's Most Admired Companies. International Paper Named To 2013 World's Most Ethical Company List For Seventh Straight Year By The Ethisphere Institute ETHICAL AND UNETHICAL ISSUES Anti–Corruption and Bribery International Paper does business globally, and they honour the treaties and laws of the countries wherever they operate. Certain laws, such as the United States Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act, apply to the Company's global operations. The FCPA, as well as many local laws, (e.g., in countries of the European Union) prohibit the Company, its employees, and third parties working on the Company's behalf from paying bribes, offering or promising to pay bribes, or authorizing the payment of money or anything else of value to government officials, employees of government controlled businesses, political parties or candidates in order to influence a decision or to obtain a business advantage that is against the law or ... Get more on HelpWriting.net ...
  • 23. Mcdonald 's The International Market Essay Nowadays, we can see that there are so many companies that have grown globally and being so successful in the international market. What makes most of the companies can be as successful as today was not just only because of their products' reputation, but also about how can those companies develop themselves by internationalized the companies in the international market. One example of a successful company that we can use in this case is McDonald's, which people can find this fast food company around the world. Founded in 1940 by Richard and Maurice McDonald, this company recently has more than 30,000 stores that can be found in more than 118 countries (James, 2009). The simple idea of using "fast–food serving system" as McDonald's priority made this company developed widely. As a fact, McDonald's idea was also solved the problem of preventing people to wait for a long time while waiting for their food in California, where McDonald's firstly opened (Success Story, 2016). Yet, all those successful things that McDonald's has recently will be possible without doing any effort to globalize itself in the wider and global market. There are also some risks that McDonald's has to take in order to be as successful as today. Thus, this essay will explain about how McDonald's internationalizes itself and what are the factors that make McDonald's globalizes internationally. First of all, before explaining about how McDonald's internationalizes itself, this essay will explain what does ... Get more on HelpWriting.net ...
  • 24. The United Arab Emirates : A Global Hub For Business And... The United Arab Emirates is a global hub for business and investment. Although the UAE is the world's seventh largest producer of oil and natural gas, it has managed to shift its economic focus away from its deep wells. Today, the country derives 71 percent of its GDP from construction, healthcare, aviation, tourism and other non–oil sectors. With the Heritage Foundation giving the country an impressive 79.6 percent business freedom score, you have every reason to set up a company in the UAE and start trading. Here are 13 questions to ask before making the move: 1. What are the benefits of starting a company in the UAE? Although some Middle Eastern countries such as Iraq and Yemen are known for their unending wars, the UAE enjoys a peaceful and politically tranquil environment that enables businesses to thrive. Besides, the country is home to top banking institutions such as HSBC, Standard Chartered and First Gulf Bank, so you won't have to look elsewhere for banking solutions and financial assistance. Roads, ports, railways, telecommunication lines and other pieces of infrastructure are extremely advanced, making it ideal for diverse businesses. 2. What is the UAE tax policy? The UAE has favorable taxation policies for both foreign and domestic businesses. But how favorable is it? The federal government doesn't levy any tax on the income of individuals and companies. However, businesses in the oil and gas industry are subject to a 50–55 percent tax rate, while banks with ... Get more on HelpWriting.net ...
  • 25. The Importance of International Business and Exporting for... TABLE OF CONTENTS ACKNOWLEDGEMENT....................................................................2 ABSTRACT....................................................................................3 Chapter 1: INTRODUCTION ................................................7–11 1.1 PROPOSED TITLE 1.2 INTRODUCTION 1.3 RATIONALE FOR CHOSEN TOPIC 1.3.1 The Importance of International Business 1.3.2 Competing on an International Level 1.4 AIM AND OBJECTIVES OF RESEARCH Chapter 2: LITERATURE REVIEW.......................................12–25 2.1 CLASSIFICATION OF DIFFERENT MARKETING LEVELS 2.1.1 Domestic/Home Marketing 2.1.2 International Marketing 2.1.3 Global Marketing 2.2 DIFFERENCES BETWEEN INTERNATIONAL AND DOMESTIC MARKETS 2.3 COMPARISON AND COMPLEXITIES OF THESE LEVELS 2.4 ENTERING A FOREIGN MARKET
  • 26. 2.5 CHALLENGES IN ENTERING A ... Show more content on Helpwriting.net ... For the purpose of struggling against some additional difficulties when going internationally, companies have to consider of the importance of international business and being awareness of implementing an effective strategy on an international level . 1.3.1 The Importance of International Business International business is a process which its all activities are carried out under the control of government. It involves two or more countries. To understand the importance of going internationally, it would be good to find out the answer of this question; "why is international business important especially for domestic companies?" The simplest answer is that international business has a huge and growing share of the business in the world. Today, many companies all around the world, large or small, are influenced by global issues and competition for the reason of a large number of them sell their products to and/or suppliers from foreign countries secretly and/or stay ın the competition against products and services which come from other markets. International business is a kind of opportunity for the countries and the consumers to be exposed to these services and goods which are hard to find in their own region. Clothes, food, jewellery, stocks, wines, spare parts and the similar products are always ready to use all the time in international markets. Providing a service is also done with some ways such as; banking, consulting and transportation, and ... Get more on HelpWriting.net ...
  • 27. Evidencia 2 Ibm Name: Carlo Giovanni Santiago GarcíaMiroslava Hernandez Rocha | Matrícula: 27531002744981 | Name of the course: International business management | Teacher: Aaron Rodríguez Delgado | Lesson: International Business Environments | ––––––––––––––––––––––––––––––––––––––––––––––––– Activity: Project part 2 | Date: March 7, 2016 | Bibliography:https://www.facebook.com/Owl– Canvas–Mexican–Temptation–283300278508514/?fref=ts https://www.payless.com/ | INTERNATIONAL ENVIRONMENTS AND BUSINESS OPERATIONS – TERM PROJECT – PART 2: CHOOSING YOUR CLIENTS For this second delivery of your term project, you will pick two prospective clients to work with for the rest of the project: first, a company headquartered abroad that is currently ... Show more content on Helpwriting.net ... iii. USA iv. Australia v. Canada e. Telephone number. vi. 1–877–474–6379 (Toll–free in U.S. and Canada) 7:30 AM – 12:00 AM CST Monday – Saturday 9:30 AM – 12:00 AM CST Sunday f. Email. * CustomerServicePrivacy@csr.payless.com g. Postal address. h. Maps showing location. III. Introduction and strategy. i. Company history (2 paragraphs). Circa 1962–63, Volume Shoe company purchased the original Hill Brothers Shoe Company based in Kansas City, Missouri and converted approximately all 25 of their stores to the "Payless" name. In 1971, Volume Shoe obtained the second Hill Brothers Shoe Store chain that was started in St. Louis, Mo in 1956 by Al Melnick and Sol Nathanson with the assistance and aid of the original Hill Brothers in Kansas City. The St. Louis version of "'Hill Brothers Self Service Shoe Store'" went from 3 to 103 stores in the Midwest and South between 1956 and 1971. Volume Shoe originally operated the 103 stores under the "Hill Brothers Self Service" name. Starting in 1972, Volume Shoe began to consolidate stores in proximity and convert others to the "Payless" brand. The St. Louis operation of "'Hill Brothers Self Service'" stores were known for their bare bones minimalism and the slogan "two for five – man alive!", that is, women and children's shoes were two pair for five dollars.[7] Payless bought Picway Shoes from the Kobacker department store chain in ... Get more on HelpWriting.net ...
  • 28. A Brief Note On International Staffing Cultural Differences International Staffing–Cultural Differences. Introduction. This research paper is based on the cultural barriers which hinders employee performance to a great extent. Staffing is one of the biggest issue one faces in the global market. Companies today strive to diversify their workforce as much as possible by hiring employees from various backgrounds. There are three main staffing strategies a company can implement when entering an overseas market, with each having its advantages and disadvantages. The first strategy is a home–country national strategy. This staffing strategy uses employees from the home country to live and work in the country. These individuals are called expatriates. The second staffing strategy is a host–country national strategy, which means to employ people who were born in the country in which the business is operating. Finally, a third–country national strategy means to employee people from an entirely different country from the home country and host country. Cultural barriers can also be an issue with staffing within when organizations recruit employees from various cultural backgrounds. For instance Asian employee finds it difficult to work with the westernized culture. This includes the language, the way of managing things and lot more which may cause a type of frustration which demotivates the employee. Approach: My approach is writing this research paper is very clear and precise. I plan ... Get more on HelpWriting.net ...
  • 29. Globalization Is The Primary Factor That Drives The... In today's world, globalisation is the primary factor that drives the development of the economy. The concept includes all the entities that operate in the economy whether it is the common consumer or the nation's government. Globalisation has a significant impact on the society; the relationships formed in the labour world are quite different as there is a complete new set of rules to deal with (Tallman; 2002); for instance, people often migrate into new cities for jobs, people come from all over the world with various social backgrounds, and constant change in technology are just some aspects which are changed and dynamic in the labour world due to globalisation. There are many shifting forces in the international business world where there is increasing connectivity in a myriad of ways; here, globalisation is causing a system of interdependence where the economies, societies, technologies, governments, and institutions are integrated (Narula, 2014). Essentially, the force of globalisation reduces the barriers that nations have between one another where global markets are formed. As a result, there is immense pressure for all entities to conform to the global standards set by globalisation. According to Onetti et al (2012) globalisation has a significant impact on the international business world; in this case, there is a rapid growth in competition amongst the nations, expansion of foreign trade, and money flows via activities such as FDIs (foreign direct investment). As ... Get more on HelpWriting.net ...
  • 30. The Global Economy Has Become More Competitive And Ambitious The global economy has become more competitive and ambitious as companies of all extent pursue to bolster and broaden beyond domestic borders. The Internet and knowledge technology are among circumstance that have made it achievable for smaller firms to endeavour toward foreign markets. Before making an international move, though, it is of benefit to figure out commonplace reasoning companies infiltrate the international business field. Sodden Domestic Corporation leaves limited opportunities for organisations to snap up applicants. This drives them to look abroad for advanced consumers and markets. For example, establishing countries can offer an abundant opportunity for new revenue causes. Discovering resources or constitute partnership ... Show more content on Helpwriting.net ... Before considering to trade outside your country, do some market research in order to minimise the risk. misunderstanding the local legal framework it is not safe to assume that the regulations in the U.K or US are similar or the same as the rules as other countries therefore you need to spend some time in investigating and researching about this matter so that you can educate your team and make them aware of this risk. https://www.linkedin.com/pulse/advantages–disadvantages–international– business–worldwide Advantages of international business: 1. Earning valued foreign money: A country can make valuable foreign currency by spreading its goods to other nations. 2. Division of labor: International business leads to specialism in the manufacturing of goods. Therefore, quality goods for which it has maximum benefit. 3. International harmony and concord: International business eliminates competition among diverse countries and encourages international peace and harmony. It makes dependence on each other, progresses common confidence and good reliance. https://www.linkedin.com/pulse/advantages–disadvantages–international–business–worldwide Coca Cola and State Street background info State street: State Street Corporation, known as State Street, is an ... Get more on HelpWriting.net ...
  • 31. Organizational Behaviour Case Analysis Case Analysis: Leading Change At Simmons Problem Identification In the case 'Leading Change at Simmons', the fundamental issue for Simmons Company is whether or not it should go ahead with Eitel's proposed idea of a culture change program which would cost $7.2 million at a time where the company is encompassed in a myriad of problems and severe economic crises'. The program has had initial success but its future profitability still remains largely uncertain due to high levels of stress and resistance to change found amongst the company's employees. Analysis and Evaluation Simmons is a well–established, trademark producer of bed mattresses but the company's organizational structure is not in line with its promulgated ... Show more content on Helpwriting.net ... To overcome this resistance to change, it is essential that Eitel form positive relationships with his workers along with good support and commitment. He could do this by encouraging better communication in the company and educating the management about his plan by communicating the logic of his proposed changes. If the employees see the full facts and solve the misunderstandings, resistance should subside. This can be done by allowing the employees to develop and form the plans to introduce changes with him which would allow for enhanced participation and acceptance of the change as the employees would have a sense of ownership in the change made which will make it much easier for them to conform once everyone is on board for the decision. Eitel should also make sure that all changes are fair to everyone and do not come of as being biased which could create discrepancies among the workers. Other than that, he should focus on activities such as intergroup development, which seeks to change the groups' attitudes, stereotypes and perceptions about each other through training sessions, which focus on differences among occupations, departments, or divisions within an organization. Interpersonal relations, goal setting and team building ... Get more on HelpWriting.net ...
  • 32. The Global Trade Regime Of The Early 21st Century In modern world, the economy of the chief conductors of trans–nationalization processes are large production marketing associations – multinational corporations, which have a great influence on the process of world economic communications at the beginning of the 21st century. In parallel and together with them, transnational banks (TNB) that make a transnational banking system, a financial support of large international business, work. According to Ravenhill (2014), "the global trade regime of the early 21st century is based on three components: trade, national regulations and international agreements". In the international business, various advantages of many business transactions and the external economic operations in which legal ... Show more content on Helpwriting.net ... The new directions and instruments of development of the international business are boldly shown. The international business is understood as such business activity, the primary coverage of which is the international economic relations in world economy. The international business can be divided into some main segments conditionally; global business, international (multilateral) business, foreign business in the host country and business abroad. According to Epping (2009), "The long– tail theory of commerce describes the ability of online businesses to use low distribution and inventory costs to make a profit out of selling small volumes of hard–to–find items to many customers." At the beginning of the 21st century, in the world there are more than 70,000 multinational corporations and 850,000 their branches. The parent companies are located mainly in the developed countries (50,200), the bigger number of branches are the share of developing countries (495,000). About a half of the world industrial production and over 73% of foreign trade are the share of multinational corporations. They control about 80% of patents and licenses for inventions, new technologies and know–how. Under control of multinational corporations, there are separate commodity markets: 90% of the world market of wheat, coffee, corn, forest products, tobacco, jute and iron ore, 85% – the market of copper and bauxites, 80% – ... Get more on HelpWriting.net ...
  • 33. Business Analysis- International Strategy and Competitive... Introduction According to Iliev et al (2004, p. 133), Apple Inc. was selling its products exclusively in America, initially. Nowadays, Apple has expanded significantly beyond domestic market. Apple has so far succeeded to become a multinational organization, selling products and resourcing law materials globally. To minimize the impact of the existing rivalry in the PC industry at the global edge and to maintain competitive advantage, Apple applies non–competition strategies, (Yoffie, 2004). This section examines the strategies adopted Apple Inc to penetrate and to manage rivalry in the global market. Further, this part looks into the competitive advantages of Apple Inc, which enable it to maintain competitive edge In the PC industry ... Show more content on Helpwriting.net ... In fact, today, iTunes account for 70% for global market for digital music downloads, (Jones, 2011). The combination of product development and product proliferation strategies is beneficial to Apple since the perceived value of the products of Apple Inc. generated through innovation and superior design proves to be inimitable competency. Thus, as much as this advantage exists, Apple will continue to lead in the PC industry. However, the product proliferation strategy adopted by Apple Inc. a major shortcoming. According to Iliev et al (2004, p. 133), this tactic leads to high pressure for cost reduction and for local responsiveness. This makes this approach the most difficult to realize, but if a company succeeds, it can obtain a low cost structure and also considerable level of customer acceptance. According to Iliev et al (2004, p. 133), Apple applies this approach, but, it has not yet attained the optimal point. As a result, the majority of computer owners in the global market do not know much about Apple's technology. For Apple to attain appropriately low cost situation, it has to come up with ways to persuade PC users in the global market from the very entry of their innovative and technological superiority. Competitive advantage Apple Inc faces great competition form other companies in the PC industry such as Dell, Compaq and Gateway. This forces Apple to come up with competitive strategies which ... Get more on HelpWriting.net ...
  • 34. International Paper Foodservice Business: Strategic Choice... International Paper Choice and Evaluation International Paper Foodservice Business is known for the high–quality paper product they products. Consumers can also depend on the company utilizing recyclable products to help prevent damage to the environment. International Paper Foodservice Business company mission statement states be one of the best and most respected companies in the world – as measured by our employees, our customers, our communities and our shareowners" (International Paper, 2011). International Paper Foodservice Business mission statement reflects the goals that are essential to the growth and future success of the company. However, the company will need to evaluate different alternatives to identify future growth. ... Show more content on Helpwriting.net ... According to Pearce & Robinson (2011), "a successful differentiation strategy allows the business to provide a product or service of perceived higher value to buyers at a "differentiation cost" below the "value premium" to the buyers". International Paper Foodservice Business will attract loyalty from its customers by offering products that suit the tastes of its current group of consumers. Because International Paper Foodservice Business provides their customers with unique produces designs, the company does not need to price match its competition, but can charge a premium price based on the position it has in the market that separates it from the competition. In addition, International Paper Foodservice Business has done a masterful job in product positioning itself in different sports arenas and movie theaters which is another way it differentiates itself from the competition as the best choice for paper cups products. Grand Strategy International Paper Foodservice Business generic plan relies on the differentiation of its brand to its competitors, the grand strategy provides a different alternative for International Paper Foodservice Business. According to Pearce & Robinson (2011), "A master long–term plan that provides basic direction for major actions directed toward achieving long–term business objectives. The ideal grand strategy for International Paper ... Get more on HelpWriting.net ...
  • 35. Worldcom: Ldds Communications WorldCom was founded in 1983 under the name LDDS Communications, and was considered the second largest long distance company in the nation. According to the Reference for Business website, "formed in 1983 in Hattiesburg, Mississippi, when the breakup of AT&T enabled thousands of competitors to start reselling long distance telephone service to individual and business customers." The website also goes on to say that WorldCom was also considered a "full–service telecommunications powerhouse in the mid–1990s." In 1985, a man by the name of Bernard Ebbers became the company's CEO, after the previous owner Bill Fields, was losing twenty–five thousand dollars a month. Bernard Ebbers came in to WorldCom as the president and CEO, when the company ... Show more content on Helpwriting.net ... WorldCom is one company that is known for their major ethical issue that took place in 2002. WorldCom had manipulated their earnings from 1999 to 2002, which presented the company as a growing company. The fraudulent papers allowed the business's stock prices to rise, when they should have been falling. According to the textbook, "two techniques were used to cook the books. The first was underreporting 'line costs' by recording them as assets...the second was overstating revenues through recording fraudulent transactions" (p.177). In 2002, a group of auditors began to secretly investigating the company, and ultimately found $3.8 billion in fraud. According to an article written in the New York Times in 2002 by Simon Romero, "WorldCom, plagued by the rapid erosion of its profits and an accounting scandal that created billions in illusory earnings, last night submitted the largest bankruptcy filing in United States history." The article goes on to say that the bankruptcy was expected to shake the telecommunications industry, and it would have an immediate impact on customers. The bankruptcy was also going to affect the shareholders that invest in a hundred–billion–dollar company. According to the textbook, "in, 2005, Bernie Ebbers was found guilty of fraud and conspiracy and for filing false documents with regulators. He was sentenced to 25 years in prison. The company did not portray Christian values in their decisions, because they were content with lying. If they had not been caught, they were planning to continue falsifying records, hoping they eventually would be able to repay the ... Get more on HelpWriting.net ...
  • 36. The Four Key Differences Between Project-Based... BAM 514– International Business Management Unit # 3 Question #1. Discuss the four key differences between project–based collaborations and equity joint ventures. As focal firms internationalize they often run into risks that are beyond their capabilities to overcome by themselves. Consequently, many firms often conclude it makes sense to work with a strategic partner with capabilities complimentary to their own to achieve certain projects. When two or more firms come together to manage risks associated with internationalization, they form international partnerships, or international strategic alliances. By working together, focal firms use the capabilities, resources or other strengths of their partners to achieve projects they would otherwise be unable to do alone. There are two basic forms of partnerships, Equity joint ventures and Project–based collaborations. To understand the differences between these two basic types of partnerships it helps to understand how each is structured. (S. Tamer Cavusgil, Gary Knight, and John R. Riesenberger, 2012. International Business: The New Realities. Second edition, page 411). An Equity joint venture is a traditional partnership in which a new entity is created through the combination of assets by two or more parent companies. Together, the firms share joint ownership of the new legal entity. Typically, this may be a result of one firm not having all the resources or assets necessary to exploit an opportunity, or it may be the only ... Get more on HelpWriting.net ...
  • 37. Why Do International Companies Use Expatriate Managers? Long before the globalisation, the internet and advanced telecommunications many companies with an international orientation have applied expatriate managers – some even since the early days of international trade. The theme for this essay is critically to evaluate the reasons why international companies continue to use expatriate managers even though it is a very expensive option. The term expatriate originates from the Latin words ex patria (out of fatherland) and refers to an employee from one country that temporarily works and resides in another. Expatriates may either be send out for assignments from the parent company as parent–country nationals (PCNs), send in as an 'inpatriate' to the parent company from the host country ... Show more content on Helpwriting.net ... The aforementioned increase in expatriations is remarkably in itself, but also as there are reasons advocating a decrease in expatriations besides the aforementioned risks of expatriation failure: High levels of heterogeneity in different markets compared to home market, where differences in culture and high complexity in foreign legislative and other institutional conditions, as well as potential political risk, lead to greater utilization of local management rather than expatriates managers. Subsidiaries also tend to operate on a wide extend of local autonomy in polycentric (Perlmutter, 1966) multinationals structured with a loose coordination and a disperse configuration (Porter, 1986). The fact that career opportunities for locals are reduced if expatriate managers are used, that mobility barriers in dual (two) career families are increasing, that there is an overall unwillingness to go to unattractive locations, coupled with uncertainty about the repatriation and the further career possibilities, may likewise limit expatriations. In some cases there may be work permits / visa constraints too. However, despite the above mentioned and despite the high direct cost of expatriation and the high indirect cost by failed ... Get more on HelpWriting.net ...
  • 38. International Management: Market Entry Introduction If an industry has decided to conquer the international market, there are many choices that will be opened. These options may include the cost, risk and the degree of control that the company will encounter ( 2001). In entering an international business, it is important that the management of the company should be able to choose a marketing entry strategy so as to make the company be more competitive ( 1986). Primarily, the purpose of this paper is to provide an analysis of the marketing entry mode that British Petroleum may use to enter the Hong Kong Special Administrative Region (SAR) market. In this manner, the discussion of the current situation of Hong Kong will be analyse as well as the international ... Show more content on Helpwriting.net ... Since the country has a positive vision regarding oil and natural gas products and other chemicals, BP can use this as an instrument to expose its products in the population of China ( 1997) and show the quality of products and services they offer. Various Environments When a firm decides to expand its venture to international market, it faces different challenges that need to be given emphasis (, 1999). One of the most important considerations that should be given enough attention by the management of any industry like oil industries is the different environmental factors that affect the firm as a whole (1980). BP operates in a complex and more competitive environment. This is because only few countries can able to produce oils and natural gases. In this manner, the competition to produce and provide products and services for different consumers is demanded not only in the domestic arena but most especially to the international market ( 1995). The environment in which oil industries belong is a kind that must be given enough consideration in order for the company to be recognised in the whole world. Factors, such as consumer segments, political, economic and technological factors ( 2000) are few of environmental aspects, needed to be determined by BP as ... Get more on HelpWriting.net ...
  • 39. International Organizational Design International organizational design Table of Contents pg Executive Summary..................................................................................................... 2 Introduction.................................................................................................................. 3 What shell you do to make your organizational structure or design an International organizational design? 3–6 Examples.......................................................................................... 6–9 Conclusion....................................................................................... 9–10 Reference........................................................................................ 11 Executive summery This work will focus on organizational design as an important aspect for all businesses and an essential ingredient for success in international businesses given the high level of complexity and operational diversity that must all maintain cohesion. It also analyses the small–scale and large–scale methods by which international businesses achieves appropriate organizational design. The nature of the specific legal entities or contracts under which the company engages (or is engaging) in its international business activities needs to be decided, as the use of strategic alliances is typical for many international concerns and the type of alliance can greatly influence other aspects of organizational design, development and operation. The work will elaborately analyze the three primary areas of knowledge that should be considered when developing an organizational design scheme or plan, all of which are ... Get more on HelpWriting.net ...
  • 40. International Business Environment And Marketing Management I chose international business environment as my topic of interest The reason why I chose this topic because I would like to become an international business manager in the future, so as a result of that I have to know a lot about the international business environment and that will help to develop my career in international of business management and yes international business environment is related to my area of study or professional field of study, as a student of business administration and management, I would definitely come across learning the principles that guide and help one on how to study the international business environment and adopt it , Question 2 International business environment. International Business ... Show more content on Helpwriting.net ... Warehouses: it is the storage or facilities that company uses to store its product or its raw material. Advertising: is the activities that business do to attract wider customer's attention. Marketing: is the business department that deal with selling of the business output to customers. Research agencies: those agencies that are specialize in taking business researches like finding out what customers want and need. Business consulting firms: these are business advisory firms that advice business people about how to conduct or get from a bank or how to manage a business. Financial institutions: these are the banks and other financial institution that provide funds and keep business incomes on behalf of them. Competitors: these are the business that conduct business in the business and in the same market or sell the same product. Customer's general public: these are the people who have interest on the business activities that a business sell.
  • 41. While the customers constitute firm 's market, suppliers and market intermediaries help providing the firm with inputs and assist in production and marketing processes. Competitors and general public also influence the way a firm conducts its business. Macro environment consists of broader forces which affect the firm as well as other actors in the firm 's micro environment. These include factors such as Geographic: it is where the business conduct a business the business ... Get more on HelpWriting.net ...
  • 42. Marketing Analysis : Mgm Resorts International MGM Resorts International Denise Watson Professor Framan July 21, 2015 Target Market Geographical Segmentation MGM serves both local and international customers for their range of businesses. The company targets nearby, destination and convenience customers by operating in strategic locations and states Demographic markets Previously, casinos were known to serve the older generation as their target market. However, the resort style amenities of MGM appeals to the younger generations. The entertainment segment also attracts the younger generation with resort–style complexes, gourmet restaurants, and trendy nightclubs. MGM appeals to both older and young customers. Behavioral segmentation The MGM attracts five types of customers; recognition seekers, escapist, reward seekers, socializers, and professionals. Escapist seek a getaway to entertainment sections and resorts located in different areas. The reward seekers are driven to visit the business due to their vested interest in rewards that casinos tend to offer. Socializers require a form of engagement where they get to meet different people as a form of distraction out of the ordinary way of life. Professionals make a living out of casinos and pay close attention to what a casino offers. Psychographics The casino marketing is directed to individuals who want to have fun and those who are willing to risk their mortgages (Klebanow, 2009) Importance of identifying target markets to MGM Resorts International. Not ... Get more on HelpWriting.net ...
  • 43. Personal Statement: Working With People From Different... ESSAY 1: Please describe a situation in which you worked with people from different backgrounds and what you learned from that experience. (max 1,200 characters) In 2014, I completed an internship at Vocon, a well–known architecture firm in Manhattan. Working at Vocon was unfamiliar for me. My coworkers had a very different background than mine: a young French girl with no true working experience within a group of senior American architects and designers coming from all the country and working in Manhattan where they renovate headquarters of famous companies. Quickly I found my mark since growing up in an international environment and having spent lot of my life outside of my home country has shaped my character. It has developed good comfort ... Show more content on Helpwriting.net ... The course gave me a new prospective while building on foundational concepts I have learned at school during my 'Economics & Social Science' courses as well as leveraging my interest for international and multi–cultural matters. I was particularly intrigued and interested by the session we had about a comparative analysis of productive efficiency between the US and Japan. I discovered the importance of the legal matters such as patents or international arbitration. I also enjoyed working as a team on a practical case study. In our group we decided to work on the introduction of a US Fashion brand on the French market going through the overall strategic business ... Get more on HelpWriting.net ...
  • 44. New Marketing 1. Discuss the nature of the market structure and demand for Cisco's products. Table 6.1 from the text provides the foundation for discussing this question. The implications for any and all of these points may be discussed. Suggestions for the points that are most relevant to this case are given below. 2. Given the industries in which Cisco competes, what are the implications for the major types of buying situations? Straight rebuys–because Cisco deals in high–tech, there may be few truly straight rebuys. This is due to the fact that as purchase cycles come up, technology has changed. As a result, corporate buyers are looking at slightly different to extremely different products to replace the ones that they have. Straight rebuys ... Show more content on Helpwriting.net ... Similar to the benefits achieved by the scientist working on solar technology in the case, P&G should achieve benefits of accelerated new product development. This reduces costs and makes P&G more competitive by bringing new products to market before other ... Get more on HelpWriting.net ...
  • 45. The Environment And The Culture Of A Country The environment and the culture of another country can greatly affect a business that is operating internationally in many ways. Since every country has its own culture and values that differ from country to country, it will affect any business that is attempting to expand internationally, as there won't only be one culture that ought to be considered before expanding internationally, but quite a few, and also what might be considered as acceptable in one country, it may not be in another. Every country has environmental factors that affect it, factors that include political, economic, social, and technological. The political factors will affect any businesses that will be trying to expand internationally, as they mainly revolve around the legislations that apply in that country. In the chance that a country prohibits a business from making more than 35% gas emissions, the business that is operating in that country will have to abide to that. Other political factors that the business will have to abide is the way that the country operates with the employment. A business cannot treat the employees of that country working for them to suit their needs, but they will have to consider how the country operates politically. Every country will have their consumer rights, environmental issues and government taxes and subsidies which will all need to be taken into account, and if the businesses do not abide then they can get heavily fined. The economic factors that they will have to ... Get more on HelpWriting.net ...