This document provides an introduction to international business. It defines international business as trade and investment activities conducted across national borders. Firms internationalize through activities like exporting, importing, and foreign direct investment. The document also discusses the key participants in international business, common reasons why firms pursue international expansion, and some of the main risks involved. Studying international business can provide firms with competitive advantages like access to new markets and resources.
This revision presentation provides an overview of the topic of emerging markets. It highlights some examples of how businesses have pursued a growth strategy in emerging markets and also how developed economies have seen investment coming in the opposite direction. A brief overview of the methods and benefits/drawbacks of international expansion is also provided.
This revision presentation provides an overview of the topic of emerging markets. It highlights some examples of how businesses have pursued a growth strategy in emerging markets and also how developed economies have seen investment coming in the opposite direction. A brief overview of the methods and benefits/drawbacks of international expansion is also provided.
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the opening up of the national frontiers has led to a tremendous cross border movement of capital. This has led to a large number of MNC's that have invested foreign capital in a number of countries. MNC's through FDI have expanded their business operations to a large extent.
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International Financial Institution- International Monetary Fund—functions-- Special Drawing Rights - International Bank for Reconstruction and Development-- International Finance Corporation-- International Development Association
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Introduction to international business - Manu Melwin Joymanumelwin
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Bleeding Peptic Ulcer Disease - Does Practice Meet Evidence?Jarrod Lee
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the opening up of the national frontiers has led to a tremendous cross border movement of capital. This has led to a large number of MNC's that have invested foreign capital in a number of countries. MNC's through FDI have expanded their business operations to a large extent.
International Financial Institution, IMF, IBRD,IFC,IDAMohammed Jasir PV
International Financial Institution- International Monetary Fund—functions-- Special Drawing Rights - International Bank for Reconstruction and Development-- International Finance Corporation-- International Development Association
The world may continue to shrink in light of advanced technology, higher demands from markets and faster turnaround times, globalization has become a staple for world commerce and international business.
Introduction to international business - Manu Melwin Joymanumelwin
“ All institutions have to make global competitiveness a strategic goal. No institution, whether a business, a university or a hospital, can hope to survive, let alone to succeed unless it measures up to the standards set by the leaders in its fields, any place in the world.” -Management challenges of 21st century by Peter drucker.
Bleeding Peptic Ulcer Disease - Does Practice Meet Evidence?Jarrod Lee
Bleeding peptic ulcer is a common medical emergency. Today many good studies and evidence based guidelines have provided doctors with a strong evidence based approach to manage this condition. However, how much of daily practice actually follows the evidence? The presentation goes through common scenarios in hospital medicine, and covers the latest evidence through a case based approach.
Going Global? The ABC of Localization-Friendly ContentSumaLatam
When training a global team, e-learning is a far better choice than traditional training.
We help companies train their global workforce through the localization of their e-learning courses.
One of the major points is to involve your localization partner early on when developing an international training program so that there are no unpleasant surprises when the time comes to localize your courses.
Everything what you wanted to know about philosophy for global projects, internationalization, localization management, linguistic testing. Guidelines, useful cases and advices for your project from Alconost Translations service.
Lets find out what is localization, globalization and internationalization in .NET and how it works. Will peep into the Application directory as well as Resource file usage.
Guide to Globalization, Internationalization, Localization & TranslationNeil Payne
G.I.L.T is a thriving sector thanks to the growth of global business. This guide gives an overview of Translation and Localization within the context of Globalization and Internationalization. Case studies and examples from websites and online marketing, video games and mobile devices. Get to grips with G.I.L.T with this simple guide.
Charles Hills defines globalization as "The shift towards a more integrated and interdependent world economy". Globalization has two main components - the globalization of markets and the globalization of production.
According to International Monetary Fund, globalization means "the growing economic interdependence of countries worldwide through increasing volume and variety of cross border transactions in goods and services and of international capital flows and also through the more rapid and widespread diffusion of technology. Interdependency and integration of individual countries of the world is also called as globalization”.
Introduction to International BusinessAshwin Kumar
Introduction to International Business is a comprehensive study of the various aspects of International Business. This presentation will provide better insights into the definition, nature, scope, characteristics, approaches, reasons, advantages and disadvantages.
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
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➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
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➢ Winner [CROSS] Tour in HCM
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➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
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LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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2. Learning Objectives
1.What is international business?
2.What are the key concepts in international
trade and investment?
3.How does international business differs
from domestic business?
4.Who participates in international business?
5.Why do firms pursue internationalization
strategies?
6.Why should you study international
business?
3. International Business – A Firm Level Activity
Performance of trade and investment
activities by firms across national
borders.
4. Internationalization of Business
• Companies conduct value-adding activities on a
global scale, i.e. organize, source, manufacture,
market, etc.
• Firm’s international expansion is made more
compelling and easier due to market and
product globalization- for firms small and large.
5. The Nature of International Business
• All value-adding activities including
sourcing, manufacturing, and marketing,
can be performed in international locations
• The subject of cross-border trade can be
products, services, capital, technology,
know how, and labour
• Firms internationalize through exporting,
foreign direct investment, licensing,
franchising, and collaborative ventures
6. Globalization of Markets – a Macro Concept
Ongoing economic integration and growing
interdependency of countries worldwide.
• Integration is central to globalization,
which has resulted in the widespread
diffusion of products, technology, and
knowledge worldwide, regardless of where
they originate.
7. Dimensions of Market Globalization
• Greater integration and interdependency of
national economies; leading to freer
movement of goods, services, capital, and
knowledge
• Rise of regional economic integration blocs
• Growth of global investment and financial
flows
• Convergence of consumer lifestyles and
preferences
• Globalization of production
9. Exporting
Sale of products or services to customers
located abroad, from a base in the home
country or a third country.
10. Importing or Global Sourcing
Procurement of products or services from
suppliers located abroad for consumption
in the home country or a third country.
11. International investment
Transfer of assets to another country or the
acquisition of assets in that country.
• International Portfolio investment (typically short-
term) is the passive ownership of foreign securities
such as stocks and bonds for the purpose of
generating financial returns.
• Foreign direct investment (FDI) (typically long-
term) is an internationalization strategy in which the
firm establishes a physical presence abroad through
acquisition of productive assets such as capital,
technology, labor, land, plant, and equipment.
12. The Nature of FDI
• Foreign Direct Investment (FDI) - (asset ownership
and long time frame) is the ultimate commitment-
level of internationalization, and thus this text
focuses primarily on FDI as opposed to
International Portfolio investment.
• Large, resourceful companies with substantial
international operations are able to leverage FDI to:
– Manufacture/assemble products in low-cost labor
countries, i.e. India, Russia, Brazil, China, and
Mexico;
– Invest in western markets, even though they may
originate from emerging economies themselves.
13. International Services Trade
• Larger, developed economies account for the
greatest proportion of services.
• EBay- the largest auction-based retailer on the
Internet, earned $6 billion in 2006, 40 percent of
which came from international sales.
• China has 1.3 billion people with an estimated
132 million Internet users.
• India has 1 billion people with an estimated 40
million Internet users.
• U.S. has an estimated 210 million Internet users.
• EBay expanded to India, China, Korea, and
Europe in anticipation of most of its future
revenue growth coming from abroad.
17. The Four Types of Risks in IB
• Cross-cultural risk: a situation or event where
a cultural miscommunication puts some human
value at stake
• Country risk: potentially adverse effects on
company operations and profitability holes by
developments in the political, legal, and
economic environment in a foreign country
• Currency risk: risk of adverse unexpected
fluctuations in exchange rates
• Commercial risk: firms potential loss or failure
from poorly developed or executed business
strategies, tactics, or procedures
18. Cross-Cultural Risk
• Differences in language, lifestyles, attitudes,
customs, and religion, where a cultural
miscommunication jeopardizes a culturally-
valued mindset or behavior.
• Cultural blunders- hinder the effectiveness of
foreign managers.
• Language- critical dimension of culture- a
window to people’s values
• Language differences impede effective
communication.
• Cultural differences may lead to suboptimal
business strategies.
19. Country Risk (Political Risk)
• Differences in host country political, legal and
economic regimes may adversely impact firm
profitability.
• Laws, regulations and indigenous factors e.g.,
property rights, intellectual-property protection,
product liability, taxation policies, inflation, national
debt, and unbalanced international trade, may
encumber firm operations and performance.
• Government intervention: restricts market access;
imposes bureaucratic procedures hindering
business transactions; and limits the amount of
earned income that firms may repatriate from
foreign operations.
20. Currency Risk (Financial Risk)
• Risk of adverse exchange rate
fluctuations, inflation and other
harmful economic conditions create
uncertainty of returns.
• When currencies fluctuate
significantly, the value of the firm’s
assets, liabilities and/or operating
income may be substantially reduced.
21. Commercial Risk
• Less than optimal formulation and/or
implementation of strategies, tactics or
procedures, e.g. partnering selections,
market entry timing, pricing, product
features, and promotional themes
• Failures in international markets are far
more costly than domestic business
blunders.
22. Risks: Always Present but Manageable
• Managers need to understand their implications,
anticipate them, and take proactive action to reduce
adverse effects.
• Some risks are extremely challenging, e.g., the East
Asian economic crisis of 1998 generated substantial
commercial, currency, and country risks- several
East Asian countries lost currency values of
between 35 and 70 percent, leading to the collapse
of national stock markets, deepening trade deficits,
and suspension of normal business activity.
• Political and social unrest surged to Indonesia,
Malaysia, South Korea, Thailand, and the
Philippines.
23. Participants in IB
• Multinational enterprise (MNE): A large company
with substantial resources that performs various
business activities through a network of subsidiaries
and affiliates located in multiple countries.
• In addition to a home office, an MNE owns a
worldwide network of subsidiaries.
• Examples- Caterpillar, Kodak, Nokia, Samsung,
Unilever, Citibank, Vodafone, Carrefour, Bechtel,
Four Seasons Hotels, Disney, DHL, & Nippon Life
Insurance.
• Examples of Fortune’s Global 500- Exxon Mobil,
Royal Dutch Shell, BP, General Motors,
DaimlerChrysler, Toyota, Ford, and Wal-Mart.
24. Why do Firms Internationalize?
1.Seek opportunities for growth through market
diversification
2.Earn higher margins and profits
3.Gain new ideas about products, services, and
business methods
4.Better serve key customers that have relocated
abroad
5.Be closer to supply sources, benefit from
global sourcing advantages, or gain flexibility
in the sourcing of products
25. 25
Why do Firms Internationalize?
1. Gain access to lower-cost or better-value
factors of production
2. Develop economies of scale in sourcing,
production, marketing, and R&D
3. Confront international competitors more
effectively or thwart the growth of
competition in the home market
4. Invest in a potentially rewarding
relationship with a foreign partner
27. A Competitive Advantage for the Firm
• International Business = Superior Performance
• Maximize Returns- Foreign markets often generate
returns far superior to those in domestic markets.
• Global Scale Economies- International players can
maximize their efficiencies by securing cost-effective
factor inputs from around the world.
• Examples- Manufacturing facilities in emerging
markets like Brazil, Mexico, and Poland; software
development in India (Microsoft); auto assembly in
Romania (Renault)
• Resource Acquisition- Access to otherwise
unavailable critical resources
• Enhanced Competitiveness/Knowledge Transfer
Editor's Notes
Sincere congratulations to the entire Wolverine team!
17 consecutive quarter of record revenue and earnings per share is no small feat.
Your brand portfolio is strong and covers much competitive space.
the company has not been content with its success; and is looking to leverage its brands beyond food rather than across apparel and accessories.
You have set ambitious goals for the future.