...Management (Business & Finance) SHAPE HK Individual coursework (40%) General guidance to students on content and approach The word limit is 2,000 words (plus or minus ten percent), including any appendix but excluding your table of references. You should indicate the number of words in your assignment on the cover. NOTE: The ability to communicate a cogent and coherent argument in a limited number of words is an academic skill required of students at level 6. Therefore anything you write beyond 2200 words will not be read. Late submission of course work will be dealt with under standard University regulations, which are available through the student portal. Assignment Question: Identify and analyse the factors that encourage internationalisation by organisations (50%). Organisations that seek to develop an international strategy have a range of strategies available. Evaluate each of these strategies (50%) What you need to do to get a good grade. 1. Read the question - You will notice that the essay has two parts to the question. Remember you must answer the entire question. The brackets offer some advice about the length of each section. 2. Understand what is being asked of you. There are three key words in the question these are 'Identify' and 'Analyse' in the first part of the question and 'Evaluate' in the second part of the question. Identify - find out, name, ascertain the factors or information that is under investigation. Analyse - break up into parts...
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...that country. Economists refer to such assets as factors of production and they include capital, technology, managerial talent and manufacturing infrastructure. * Foreign Direct Investment - is an internationalisation strategy in which the firm establishes a physical presence abroad through acquisition of productive assets such as land, plant, equipment, capital and technology. It is a foreign-market entry strategy that gives investors partial or full ownership of a productive enterprise. * International portfolio investment - refers to the passive ownership of foreign securities such as stocks and bonds for the purpose of generating financial returns. International portfolio investment and foreign direct investment are the two essential types of cross-border investment. The Nature of International Investment Foreign direct investment (FDI) is the ultimate stage in internationalisation and encompasses the widest range of international business involvement. Firms engage in FDI to establish: * A factory or other facility to produce products or services * A sale of rep offices to conduct marketing or distribution activities. * A regional headquarters How does International Business differ from Domestic Business The Four Risks In Internationalisation * Cross-cultural Risk -...
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...ABSTRACT In recent years, many companies have increased their presence in the international market. This paper studies the companies need for internationalisation as it focuses on the factors companies must consider before entering new markets or expanding abroad. Many factors that lead companies to invest in the international market have been identified. The research is based on theories. Internationalization factors that motivate companies to establish themselves abroad will be included in the theories. The identified categories include of resource, market, strategic resources, efficiency and seeking motives. Network seeking motives has been identified as an additional motive. The research was conducted based on the qualitative approach. Existing information of related to the motives for internationalisation and the factors to consider before internationalisation were used. The secondary material includes peer-reviewed journals, international business books and research papers. A case study of Chrysodalia Ltd was used to explain the PESTEL and SWOT analysis. Based on the case, it is concluded that companies internationalised in order to increase their competitive advantage. Companies rely on factors, which include Resource seeking, Market seeking, Efficiency seeking, Strategic asset seeking to create competitive advantage in an already saturate market. The factors that the company should consider before internationalising are proactive motivations such as home factors,...
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...School of ManagementAssignment Cover Sheetfor submission of individual and group work | Course / Unit Code | Assignment Number | Assignment due date | Group / Session name (if applicable) | BUSM1227 | 1 | 27/02/2012 | Class B | Course / Unit Name | Program Title | International Business | Bachelor of Business (Management) – Full Time | Lecturer / Teacher’s Name | Tutor / Marker’s Name (if applicable) | Wenda Leong | | This statement should be completed and signed by the student(s) participating in preparation of the assignment. Declaration and statement of authorship: 1. I / we hold a copy of this assignment, which can be produced if the original is lost / damaged. 2. This assignment is my / our original work and no part of it has been copied from any other student’s work or from any other source except where due acknowledgment is made. 3. No part of this assignment has been written for me / us by any other person except where such collaboration has been authorised by the lecturer / teacher concerned and is clearly acknowledged in the assignment. 4. I / we have not previously submitted or currently submitting this work for any other course / unit. 5. This work may be reproduced and / or communicated for the purpose of detecting plagiarism. 6. I/we give permission for a copy of my / our marked work to be retained by the School for review by external examiners. 7. I / we understand that plagiarism is the presentation of the work...
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...A Report on Foreign Market Entry Strategy: The case of Crimson Tide Plc Global Marketing Masters in Business Administration Word count excludes tables, figures, abstract, bibliography and appendix Glenworth M Joseph A4046741 Page i of 28 A Report on Foreign Market Entry Strategy: The case of Crimson Tide Plc Table of Contents Executive Summary ........................................................................................................................................................... iii 1 1.1 Introduction ............................................................................................................................................................... 1 Crimson Tide..................................................................................................................................................... 1 1.1.1 1.1.2 1.1.3 1.2 2 2.1 3 3.1 3.2 3.3 4 5 5.1 6 7 8 8.1 9 9.1 9.2 9.3 9.4 9.5 10 11 12 Core business and performance ............................................................................................................ 1 History of the company.......................................................................................................................... 1 Target Market and Competitors ............................................................................................................ 1 Going Global.....................................................................................................
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...Internationalisation within the UK Car Industry and the Success of Jaguar Land Rover ADD REFERENCES PROPERLY AT END OF PARAGRAPHS SENTENCES CHECK THROUGH OUT!!! Introduction This report will critically evaluate the impact of globalisation on the UK car manufacturing sector. It shall provide a brief insight into the UK Car Industry; highlight the trade and non-trade barriers affecting UK car manufacturers and the adjustments they need to make regarding culture, language and regulatory frameworks as well as intellectual property protection. All information used to complete this research was contemporary information from 2007 to 2015. Then it will explain how multinationals such as Jaguar Land Rover can provide impetus to the UK Car Manufacturing Sector and critically analyse the success of the Jaguar Land Rover brand since 2008. (Check this introduction once report completed) UK Car industry background 1975 to Present In 1975 the UK produced 5% of the worlds Cars but by 2005 they had lost a significant share to Korea, Brazil, China, Spain, India who produce a significant amount of the worlds cars over see Figure 2 with the UK producing less than 2%. Figure 1 – World Car Production 1975 Figure 2 – World Car Production 2005 Source: Source: From 1996-2006 alone UK Car Production decreased by over 14% from 1.926 million to 1.65 million a dip of 10% from the previous year in 2005 was enough...
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...Question: For an industry of your choice, identify and analyse the most important drivers and barriers affecting its development. Answer Drivers and barriers affecting development of any industry revolve in the fraternity of globalization. Globalisation in business is the worldwide movement toward economic, financial, trade, and communications integration (Frank, 1998). It implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. Drivers in the business concept are critical forces which can be built within business strategy to enable a company to attain its set goals (Gilbert, 1994). Barriers to industry development are forces that deters the business organization from attaining the desired goals and these are encountered both in the internal as well as external business environment (Hough et al 2011) It is therefore imperative to evaluate key drivers and barriers affecting development in a bid to craft strategic tools that can stimulate strategic thinking, generate strategic foresight, provide a basis for testing existing strategies, explore and understand complexities of the future (Trompenaar et al, 2003). This can aid decision making and contribute to preparation for the future. As such, this essay seeks to explore key issues in strategic management and key theoretical models in the South African (SA) Wine Industry and that...
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...active in the business environment (clients, suppliers, competitors, R&D centres, academic units, …)? Key questions of Corporate strategy Why and how should the firm internationalize? International strategy analytical framework Location Advantage WHY? Outside-In approach HOW? Source: Exploring Strategy, 9th edition, Pearson, 2011 Inside-out approach Incentives and basic benefits of internationalisation Incentives Basic Benefits Extend a product’s life cycle Increased market size Gain easier access to raw materials Economies of scale and learning Opportunities to integrate operations on a global scale Location advantages To support strategic orientations! Opportunities to maximize the ROI (e.g. rapidely developing technologies) Get access to consumers in emerging markets Source: Ireland, Hoskisson and Hitt, The Management of Strategy, 2011 Outside-in approach: Internationalisation drivers Why going international? The YIP’s matrix (Inter-country compensation of competitive rivalry) Drivers of internationalization Source: Pearson, Adapted from G. Yip, Total Global Strategy II, Financial Times Prentice Hall, 2003, Chapter 2 Inside-out approach: Location advantage - Porter’s diamond Porter’s Diamond: explains why some locations tend to produce firms with competitive advantages in some industries. Inside-out approach:...
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...SMEs and the Internationalisation Process Giovanni Roncucci Chairman Roncucci&Partners Group April 5th 2016 Agenda Globalisation & Internationalisation Main Characteristics of the Italian System Micro, Small, and Medium Enterprises SMEs and the Italian System Italian SMEs and Internationalisation Business Plan and Budgeting Planning Roncucci & Partners 2 Globalisation & Internationalisation Roncucci & Partners 3 In the last 10-15 years the international context of the global economy changed notably. Market globalisation is one of the variables to be considered as crucial within the critical success factors of every entrepreneurial economic initiative. In this framework the challenge of internationalisation becomes a fundamental tool to sustain and strengthen the competitiveness of an economic system. Roncucci & Partners 4 Commercial Flows of Geographical Areas Table 1 - Volume of International Trade per Geographical Area and Country(a) - From 2009-2013 (price basis=2005, at percentual value) Countries & Areas 2009 2010 Export 2011 2012 2013 2009 2010 Import 2011 2012 2013 EUROPE 38,89 37,97 38,04 37,44 37,11 39,67 38,19 37,41 35,98 35,19 European Union France Germany Italy United Kingdom Spain 35,52 3,63 8,52 2,97 2,82 1,73 34,86 3,49 8,59 2,89 2,76 1,69 34,98 3,41 8,67 2,86 2,84 1,74 34,32 3,32 8,47 2,80 2,63 ...
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...Hyundai Motors Globalization strategy 1967-2013 06/06/2013 Research project: Hyundai globalisation strategy Executive summary The following report maps out Hyundai Motor Corporation’s (HMC) internationalisation strategy from its creation in 1967 to the current period. This strategy can be chronologically divided into four phases according to HMC’s objectives and rationale for expansion at different stages of its existence. From the research carried out, it appears that HMC’s choices of specific internationalisation patterns at different stages essentially stemmed from: The dynamics of the relationship between HMC, the Hyundai business group and the South Korean economic and political environment; Political, social and nationalistic incentives deriving from the specificities of Chaebol management and later the influence of the Asian crisis on this management and decision taking processes; Korea’s initial factor dotation, i.e. the prevalence of certain factors over others which pushed the company to seek knowledge and resources abroad at a very early stage; The replication of Japanese strategies (Nissan, Mitsubishi, Toyota). - Due to the complexity of HMC’s environment, strategy over time cannot be illustrated using a single internationalisation framework. The report therefore discusses two different frameworks – namely Porter’s diamond and Dunning’s eclectic paradigm – to analyse the company’s strategy at different stages of its international development. 2 ...
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...mission and growth aspirations l Resource availability (human and financial) l Suitable products/services Company external reasons l Sectoral, regional, national export culture l International trade incentives, national trade disincentives (e.g. legal, tax) l Demand l Low/shrinking domestic demand l Strong/emerging international demand (‘global niche markets’) l Mobility of clients l Global value chains l Foreign trade facilitators (e.g. low transport costs, marketing possibilities through modern technologies) There are several strong external factors affecting whether a company becomes a born global. It might, for example, be located in a region with a strong export tradition in a certain sector. This creates an ‘internationalisation culture’ among entrepreneurs and enhances international activities due to interfirm relationships (for example, subcontracting or joint product development). Proximity to universities, technical schools, research and development centres and incubation parks can also be a factor, by helping to create a culture of ‘open innovation’ and providing a supply of highly qualified labour. Born globals are more likely to emerge from small and open economies (Freeman et al, 2006; Gabrielsson and Kirpalani, 2012) as these pose a higher level of risk and limited potential for starting up a domestic business. This therefore acts as a push factor for young innovative enterprises to go international (Lejko and Bojnec, 2011). This argument...
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...Wrigley, Neil; Lowe, Michelle and Cudworth, Katherine The Internationalisation of Tesco - new frontiers, new problems Wrigley, Neil; Lowe, Michelle and Cudworth, Katherine, (2014) "The Internationalisation of Tesco - new frontiers, new problems", Johnson, Gerry; Whittington, Richard; Scholes, Kevan; Angwin, Duncan and Regner, Patrick, Exploring Strategy: Text and cases, 657-661, Longman Scientific & Technical © Staff and students of the University of Worcester are reminded that copyright subsists in this extract and the work from which it was taken. This Digital Copy has been made under the terms of a CLA licence which allows you to: * access and download a copy; * print out a copy; Please note that this material is for use ONLY by students registered on the course of study as stated in the section below. All other staff and students are only entitled to browse the material and should not download and/or print out a copy. This Digital Copy and any digital or printed copy supplied to or made by you under the terms of this Licence are for use in connection with this Course of Study. You may retain such copies after the end of the course, but strictly for your own personal use. All copies (including electronic copies) shall include this Copyright Notice and shall be destroyed and/or deleted if and when required by the University of Worcester. Except as provided for by copyright law, no further copying, storage or distribution (including by e-mail) is permitted without the consent...
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...enterprise and the demise of another can be very much determined by the strategic analysis it undertakes along with a number of other associated factors. Therefore the selection of relevant analytical processes and understanding of their contribution can be critically important. Your Task: For submission in December 2014 you are required to develop a detailed 3000 word (+/- 10%) written assignment applying and critically evaluating three of the following analytical processes with respect to the three mobile phone manufacturers, Microsoft Nokia, Samsung and Apple. Your analysis can be applied to one, two or a combination of all three organisations. You are required to select and evaluate any three from the following: Yip’s Drivers of Internationalisation, Johnson’s Culture Web, Porter’s Diamond, Bowman’s Strategy Clock, Porter’s Generic Strategies and McKinsey’s 7-S Framework. Guidance: You are required to explore where the processes may have advantages and disadvantages, within this sector, where they may be most effective, how you would mitigate any identified deficiencies, in essence a comprehensive critique. Your analysis must apply a practical approach to the real issues that occur within the telecommunications industries to illustrate and underpin your opinions, observations, thoughts and knowledge. Submission Date: To be accepted for marking, your assignment must be handed in to the Faculty office between 10:00 and 16:00 on the 12th December 2014. You are...
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...3138 1560Room: GP Z1046Email: bsb119@qut.edu.au | | Name: Dr Alvin TanPhone: 3138 1257Room: GP Z 1051Email: ac.tan@qut.edu.au | Unit Administrator | Name: Ms. Jan HeffernanPhone: 31381850Room: GP Z1018Email: j.heffernan@qut.edu.au bsb119@qut.edu.au | Academic queries | Email: bsb119etutor@qut.edu.au | Administrative queries | Email: bsb119@qut.edu.au | Tutor contact details | Available in Contact Us section of Blackboard | Lecture Schedule Date: Week Beginning | Lecture Topic | Readings from textbook | Week 129 February | Introduction * Overview of Australian Business Environment * Globalisation and interdependencies * Drivers of internationalisation | Ch 1(pp19 to 28 & 43 to 63) | Week 27 March | Introduction to IB Theories and Databases * Models/theories of internationalisation * Country analysis * EIU, GMID Databases | Ch 2 (pp90-108) | Week 314 March | Business environments – Socio-economic characteristics * Country profile and macro-segmentation * Levels of economic and social development * Determinants of market potential | Ch 7 | Week 421 March | Business environments – cultural diversity * Elements of culture * Dimensions of culture * Doing business across cultures | Ch 5 | Midsemester Break | Week 54 April | Business environments – trade and investment * Instruments of trade policy * Costs and benefits of FDI * Regulation of FDI | Ch 3 (pp.116-145) | Week 611 April | Business environment...
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...Throughout this essay the internationalization process will be examined in depth and supported by evidence from the organisation known as ‘British Petroleum’. The purpose of this assignment is to grasp a comprehensive understanding of the critical aspects of British Petroleum’s internationalization process, the implications it holds for the international business environment and achieving their internationalization objectives through contemporary context. Overview of organisation When discussing globalization it is critical to emphasis the importance a multinational corporation holds over the international business environment. A Multinational corporation (MNC) is an organisation that has registered facilities and assets in business endeavors in more than one country. MNC’s are highlighted for their success in incorporating products, ideas and cultures from more than one country in order to achieve a common goal. With reference to the definition of a MNC, British Petroleum (BP) is undoubtedly a MNC as it undergoes its business ventures throughout the entire world and in countries such as China, Australia, Canada and Mexico. A key aspect of MNC’s is to multi nationalize every aspect of your organisation when aiming to expand internationally, BP are successful in ensuring that every branch of BP around the world has the common sustainable goals. BP has a direct correlation in Foreign Direct Investment (FDI). A FDI is when an organisation finances into production or business...
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