...Doing Business in Ireland Team Arrow [Year] Doing Business in Ireland Team Arrow [Year] Course: INB 372 Section: 10 Semester: Fall 2015 NAME | ID | Fuad Bin Saif | 141 1722 630 | Md. Sadman Sakib | 141 1428 030 | Monis Ahmed | 141 0637 030 | Ashrafl Alam Galib | 141 0734 030 | Omar Farhan Khan | 141 1689 630 | Prepared For Krishna Biswas (GpB) Lecturer Dept. Of Marketing & International Business NORTH SOUTH UNIVERSITY ACKNOWLEDGEMENT The most pleasant part of submitting the report is to get the opportunity of completing and learning from it. We would like to thank those who have contributed to it a lot. Unfortunately, the list of expression of thanks- no matter how extensive is always incomplete and inadequate. These acknowledgements are no exception. Our first thank goes to the almighty Allah for bestowing us the patience and courage to finish this huge task within its deadline. Thanks must go to the team members, whose unflagging patience and astounding capacity for creative work, and long hours made the project both possible and successful – under the pressure of the knocking deadline. At last, we sincerely acknowledge our debt to Krishna Biswas, our honorable faculty, for...
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...Ireland: The Place to Grow your Business Tom Cain Indiana Wesleyan University ADM 549 January 22, 2013 Rick Saint-Blancard Abstract Relations between the United States and Ireland have historically been based on shared values and common ancestral ties. Emigration has been a foundation of the U.S.-Irish relationship. Besides consistent dialogue on economic and political issues, the United States and the Irish Governments have official exchanges in areas such as education and medical research. With Ireland's membership in the European Union, discussions of EU trade and economic policies as well as other aspects of EU policy have also become key elements in the U.S.-Irish relationship. This long-term relationship, some cultural similarities and a strong educated workforce makes Ireland a good place to go international with a U.S. based business. Ireland Ireland is a nation emerging as a great place for the United States to conduct business. The relationship of the United States and Ireland are deeply based on shared values and common ancestral ties. These ties help breakdown communication issues that could occur in other dissimilar countries when trying to negotiate business. In addition to shared values, these two countries have similar cultures, as well as similar needs and wants in relation to consumer purchasing history, which makes the exchange of business easier, more lucrative and less risky. Economic Overview Ireland is a small, modern, trade-dependent...
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...legal structures available to Northern Ireland business enterprises in the 21st Century. There are various options to anyone wishing to establish a business in the Northern Ireland economy in the 21st century. This paper will discuss and assess the three legal structures; sole traders, partnerships and incorporated bodies. Thus, establishing the features, operations, advantages and disadvantages of each. A sole trader is the simplest type of business structure. Tracey defines a sole trader as “a term used to describe an individual who carries on a business or profession without partners”. An alternative term is ‘sole practitioner’. The individual is free to engage in any kind of lawful business activity. Although small, a sole trader is not necessarily any less successful than a larger business. According to the Office of National Statistics, as of 2013, sole proprietors represented 62.6%, of all UK private businesses. Martin McNaughton, from Newry, founded Glen Dimplex in 1973, manufacturing heating pumps. He now ranks at number 736 on the Forbes Rich List, employing 10,000 staff, making a billion sales each year.The main advantage of being a sole trader is having total control over the business. There are no shareholders nor business partners one can be held accountable to. The business person can therefore make any decisions they see fit. In addition to this a sole trader receives, and keeps, 100% of the profits earned by the business and can cease trading at any time....
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...When choosing to expand business with a different country you must look at many factors of the country chosen for this expansion. For the purpose of this assignment I have chosen to do business with Ireland. I researched the country’s economic, political, educational, family and marital systems in order to make the best choices for my company. The government in Ireland is a parliamentary democracy. A parliamentary democracy is a government where the party or parties with the highest representation in parliament form the government making the leader the prime minister or chancellor. They also have 114 local authorities that provide other services such as transportation and education. (Irish eu presidency, Irish politics and government: Irish political system. (n.d.)) Ireland has a fast growing economic system however the public debt to GDP remains high. With a population of 4.6 billion people the unemployment rate is only at 11.6% which in my opinion is low. (Ireland economy: population, gdp, inflation, business, trade, fdi corruption. (n.d.). This country is highly influenced by Catholic morality. In 2002 88.4% of the population identified as Roman Catholic. It is because of these beliefs that you won’t see a lot of women in the work force. (Traditionandvalues. (n.d.)) The social interactions within this country are one of informality. This is something to look at when you look in to doing business with people from this country. First names are often adopted very...
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...Country Cultural Practice Project of the Republic of Ireland MGT 604 Administrations, Globalization, & Multiculturalism Submitted by: Johnny D. Clark Project Instructor: Dr. Scott 14 Aug 2015 Executive Summary The Republic of Ireland consists of twenty-six counties and is located on the island of Ireland, along with Northern Ireland. Ireland is a parliamentary democracy, made up of three branches of government: the executive branch, the legislative branch and the judicial branch. The executive branch consists of the President, who is mostly there for ceremonial purposes, the Prime Minister, who is the head of the government, and the Deputy Prime Minister. The legislative branch consists of the House of Representatives and the Senate and the Judicial Branch consists of the Chief Justice and seven other judges. This paper goes over a brief look into the Republic of Ireland’s history, economy, their culture, and their business culture. In regards to their business culture, it offers advice into how to appropriately conduct business with Irish men and women. Country Analysis of the Republic of Ireland History Located to the west of Great Britain, sits the island of Ireland. The island is about 32,000 sq. mi. and is comprised of the Republic of Ireland and Northern Ireland, which is part of the United Kingdom (Holwell, 2001, para.2). The Republic of Ireland, which “occupies almost 85% of the total land-mass,” consists of twenty-six counties (Holwell...
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...“Celtic Tiger”: The rise of Ireland to an economic successful country for foreign investment K. Siebeneicher ENG 240 Communications for Business and the Professions Ireland’s improvement from a country dominated by poverty and violence into an economically as well as financially successful country has not only turned it into one of the most successful countries in the European Union but also into an attractive choice for foreign investors from all over the world. If somebody is asked what Ireland is famous for most likely the answer will be Guinness- beer or Saint Patrick’s Day. Most people know Ireland as a popular tourist destination located in the western part of Europe. Well-known for its beautiful landscape, historical remnants and ruins of its fascinating history Ireland attracts millions of tourists every year. Whether tourists plan to visit some of the several ancient Castles, such as Trim Castle, ancient monuments such as the Beaghmore Stones or enjoy themselves playing golf, going fishing or watching horse racing Ireland offers anything a person is looking for in a vacation. (History & Heritage, 2008) Although its history and landscape it interesting and beautiful, Ireland is also branded for its troubled and violent history which includes diseases, starvation, wars and terrorism. Not many people are acquainted with the fact that after the period of violence and struggle, around 1990, crucial changes in the government were made and strategies...
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...About the project, Tourism in Galway 3 2. Location Advantage, Business in Ireland 4 3. Competitive analysis, Advertisement 5 4. Transports to Galway, Investment 6 5. Our service, Wedding Package 7 6. The profits, The prices 8 7. Security and Safety 9 8. Bibliography 10/11 About the project To set up a Hotel in an area of 20 acres, having the entire modern facilities and we going to name it The Jomera Hotel. Tourism in Galway Galway is the fastest growing and the fourth largest city in the Republic of Ireland and the only city in the province of Connacht in Ireland. The city is located on the west coast of Ireland. The population of Galway City is 72,729 (based on the 2006 census carried out by the CSO), if the current growth rate continues; the population of the city will hit 100,000 by 2020. Galway has a strong local economy with complementary business sectors including manufacturing industry, tourism, retail and distribution, education, healthcare and services that include financial, construction, cultural, and professional. A total of 5.5 million overseas tourists visited Ireland in 1998. The typical visitor spends most of his or her budget on food, drink, and accommodation...
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...The Economics of Ireland Teresa Sly Rasmussen College Author Note This paper is being submitted on April 10th 2015, for Lisa Reed’s Introduction to Business Course. The Economics of Ireland The economic system of Ireland is regulated Capitalism. Its means of production are privately owned and operated, but the government exercises a level of control over what a person can do with his or her property and how they run a business. The goals of regulated capitalism are to improve product quality, improve working conditions, and to reduce or limit harm done by potentially dangerous substances such as alcohol. State sponsored bodies operate rail and road transport, electricity, and some television and radio stations. The United Nations rated Ireland as the fourth best country in which to live. Ireland is the second wealthiest nation in the world with more than 30,000 millionaires in residence. Irish workers enjoy low taxes on wages. Irish citizens are offered a rebate for eco-friendly cars. The Irish government offers a free education and often pays students to take FAS (Foras Aiseanna Saothair) classes from the National Training and Employment Authority. The Average cost of a 4 year degree in the United States in $26,600.00. Irish citizens enjoy a free prescription drug plan. In the Irish National Health System private medical insurance costs per year, what the average American pays per month. The Irish Economy is not without its challenges. The average...
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...Patrick, arrived. In the 9th century Vikings invaded Ireland. In 1534 land was confiscated from Catholic Irish landowners and given to Protestants from England and Scotland. Religion became a source of division. During the 18th century, many laws discriminated Catholics. By 1778, only 5% of the land was owned by Catholics. In 1801 the Irish parliament was abolished and Ireland became part of the “United Kingdom of Great Britain and Ireland”. In 1922, the southern 26 counties of Ireland seceded from the UK. They new country called itself the Irish Free State. Ties with Great Britain were cut in 1948. The country became known as the Republic of Ireland. The other six counties in the north, called Northern Ireland, remained part of the UK, which they are still today. Ireland joined the European Union in 1973. Government: Parliamentary Democracy Language: English, Irish and Ulster Scots Three personal perspectives of the country: 1) People are loud. 2) They like to party a lot. 3) They are hard working people. TIPS TO DO BUSINESS: Three relevant things to do business: Tips in case of going to this country to do business: Generally, the Irish are very friendly people with a great sense of humor and their behavior is less formal than is the custom in Western Europe. Their considerable cultural awareness helps them to be more tolerant towards members of other nations. Culture: Due to the large-scale emigration from Ireland, Irish culture has a global reach and festivals...
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...Macroeconomics Term Paper: Wells Fargo in Ireland | | | | | | Wells Fargo was founded in 1852 by Henry Wells and William G. Fargo and opened for business in the gold rush port of San Francisco. Wells Fargo offered banking (buying gold and selling paper bank drafts as good as gold) and express delivery of the gold and anything else valuable. By the 1860s, Wells Fargo earned everlasting fame and its corporate symbol, the stagecoach. In 1888, Wells Fargo became the country’s first nationwide express company. By 1918, Wells Fargo was part of 10,000 communities across the country, however that year the federal government took over the nation’s express network as part of its effort in the First World War and Wells Fargo was left with just one bank in San Francisco eventually expanding in 1923 to two banking halls. In the 1980s, Wells Fargo expanded into a statewide bank, became the seventh largest bank in the nation, and launched its online service. In the 1990s, Wells Fargo returned to its historic territory throughout the Western, Midwestern and Eastern states. Today, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, and the Internet (wellsfargo.com), and has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. According to Forbes.com, as of May 2013 Wells Fargo’s market cap was $201.35 billion. Wells...
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...Ireland GBCA Outline 1.0 What are the major elements and dimensions of culture in this region? 1.1 Introduction 1.1.1 Research project direction. 1.1.2 Major objectives. 1.2 Communication. 1.2.1 Verbal communication differences. 1.2.2 Non-verbal communication differences. 1.3 Religion. 1.3.1 Religious background and information. 1.3.2 Religious practices that impact business. 1.4 Social structures and organizations. 1.4.1 Irish social structures and organizations. 1.5 Education. 1.5.1 Irish educational outlook. 1.5.2 Irish business education. 2.0 How are these elements and dimensions integrated by locals conducting business in the nation? 2.1 Impact and integration of communication in local business. 2.2 Impact and integration of religion in local business. 2.3 Impact and integration of social structures and organizations in local business. 2.4 Impact and integration of education in local business. 3.0 How do both of the above items compare with US culture and business? 3.1 Compare and contrast US communication with Irish communication. 3.2 Compare and contrast US religious views with Ireland. 3.3 Compare and contrast US and Irish social structures and organizations. 3.4 Compare and contrast education in the US and Ireland. . 4.0 What are the implications for US businesses that wish to conduct business in the region? 4.1 Foreign investment decisions. 4.1.1 Type of investment. 4.1.2 Future of investment opportunities. 4.1.3 Mergers...
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...IT industries of Ireland and Portugal Instructor: Mr. Ritsema Date: 12.03.2015 Group 2.03 Niklas Binter S2555611 Josef Richarz S2535688 Table of Content: 1. Introduction 2. Methodology 2.1 Prime Theories and Approaches 3.2.1 Hofstede´s model of national culture 3.2.2 Porter´s diamond 3.2.3 Porter´s five forces of competition 3.2.4 The PESTEL framework 3.2.5 National Innovation Systems 3.2.6 Varieties of Capitalism Framework 2.2 Data Collection 3. The IT Industry 3.1. Description of the IT-Industry 4. Country Comparison 4.1 Macro- Level Indicators 4.1.1 Geographic Indicators 4.1.2 Demographic Indicators 4.1.3 Macro- Economic Indicators 4.2 Historical Developments relevant to the IT industry 4.3 Socio Cultural Conditions 4.3.1 Cultural Systems 4.3.2 Level of Education 4.3.3 Labor Market Regulations 4.3.4 Protectionism of Intellectual Property 4.3.5 Tax Regulations 4.4 Market/ Industry Conditions 4.4.1 Bargaining Power of Buyers and Subsidiaries 4.4.2 Bargaining Power of Suppliers 4.4.3 Threats of New Entrants 4.4.4 Competitive Rivalry 4.5 Other Contextual Conditions 4.5.1 Related and Supporting Industries 5. Major Findings of Comparison 5.1 Conclusion 5.2 Trends 5.3 Recommendation 1. Introduction In general, factbooks are conducted by decision makers within the fields of business and politics in...
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...friends, the way we learn and the way we do business. In Ireland, the Telecommunication industry is regulated by the Commission for Communications Regulations (Comreg), which is responsible for the regulation of the telecommunications, broadcasting and postal markets, based on the EU regulatory framework. (The contribution of Telecommunications to the Irish Economy, 2005). Currently, the major players in the Irish Telecommunication industry are Vodafone, Eir, Sky, Three Group and Virgin Media. This report will focus on Three Ireland. In order to analyse Three Group in Ireland and give future recommendations to the company, we have started from an external analysis of the Irish Telecommunication Industry. In doing so, we have used tools such as PESTEL analysis and Porter’s Five Forces that allowed us to better understand the environment in which the company operates. We have then focused on the internal strengths and weaknesses of the company by conducting a SWOT analysis. Finally, we have identified areas in which the company should focus in the future in order to keep its competitiveness. According to their website, Three is Ireland’s largest high speed network and fastest growing mobile operator. Launched in 2005, Three was Ireland’s fourth mobile network operator behind Vodafone, O2 and Meteor. To date it has invested almost €2 billion in building Irish business and in July 2014, it completed a deal to purchase O2 in Ireland. Three is now Ireland’s second largest mobile...
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...Industry Interface, University of Limerick Conference Theme 3: Working with employers Abstract It is generally accepted that employees will need to broaden their knowledge, skills and competencies through a lifetime of learning if they are to remain employable, and if enterprises are to maintain their competitiveness in a knowledge-based global economy. However, identifying and developing skills and competencies for next generation employability in Ireland is a challenging task. The Programme for University Industry Interface (PUII) is an action research project, established in 2003, to determine the skills and competencies required by Irish Industry and to develop learning models that will facilitate their delivery. This paper presents the outcomes of an action research methodology based on a Community of Practice model (COP), which addressed the issues surrounding competencies for next generation employability. It proposes a competency framework which integrates the four key categories of skills: Business, Technical, Interpersonal, Intrapersonal, and presents a set of recommendations for individuals, employers and higher education institutions. Introduction The Programme for University Industry Interface (PUII) is an action research project, established at the University of Limerick in 2003 to determine the next generation skills and competencies required by Irish Industry, and to develop learning models that will facilitate their delivery. PUII...
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...Segment: Financial Services Programme Start Date: September 2012 Futurus Background: The Futurus Programme is the key graduate entry career development programme within the Bank of Ireland Group. The objective is to enhance graduate entrants’ technical and personal skills through a structured and supportive programme which will strengthen our future senior leadership talent pipeline. It is aimed at high calibre graduates and provides a comprehensive, consistent and integrated programme which will support the development of a broad group mindset and rounded skill set in all graduates. Participants are given a combined opportunity to develop both specialist skills and personal development. These skills will equip graduates to develop their careers and challenge for significant roles in the future. Vacancies available in: Retail Division Ireland & UK Group Supports (HR, Finance, Credit & Market Risk, Audit) Corporate & Treasury Division Vacancy Locations: Ireland & UK Minimum Requirements: Relevant Primary Degree at 2:1 Level or Masters Degree (Expected or Achieved) Desirable Degree Specialism: Finance, Mathematics, Engineering, Actuarial, Quantitative Studies, Arts (e.g. Business, Economics or Finance), Science, Computer Science Essential Requirements: Strong Customer Focus Demonstrate Initiative and Flexibility Intellectual agility and a willingness to challenge the status quo ...
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