...code + name Professor’s name University City, State Date Introduction Service industry is a business category that involves the provision of services to other businesses or to final customers. Service industry has improved in the recent decades forming the backbone of several nations’ economies. The common service industries include tourism, computer services, entrepreneurship and accounting among many others. The growth of the service industry has been reflected in several economic platforms. For instance, the current list of Fortune 500 companies has more service companies on it compared to manufacturing companies (Encyclopedia Britannica, 2015). In addition, the old product oriented business tradition has been replaced by a service-product continuum. This business revolution is happening in both the developed and developing countries as a result of a high price elasticity of demand of services. This means that services have dominated the economies of these countries leading to an overall global economic change. Background of the Service Industry The service industry has been in the economy for a long period of time. In Africa, during the ages of barter trade, services still existed but they were not valued as they were termed as ‘free services’. For instance, during the barter trade age, there existed medicine people, traditional educators among other service providers (Gancarczyk, 2014). These people were not paid or at times lowly paid. However, development in the service...
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...International business thrives in the country of Germany. They have a variety of characteristics and features of tradition within the country. Taking an overview of areas such as culture, legal system, geography, political system, and history is just the beginning to this unique country. Through the research provided, it should be a useful indicator of whether or not Germany is a desirable place to pursue international business in. The national flag of Germany consists of three equal horizontal bands of black (top), red (middle), and gold (bottom). The colors of black, red, and gold have played an important role in German history and can be traced all the way back to medieval times where there was a banner of the Holy Roman Emperor. This original banner had a black eagle with red claws and beak on a gold field. The Holy Roman Empire was a German-majority, multi-ethnic empire in central Europe until 1806, when it was defeated at the Battle of Austerlitz. After this battle, German-states that were part of the Holy Roman Empire came under French rule and several German organizations began agitations to free Germany from foreign rule and create a unified country. Among these organizations were two prominent ones by the names of Lutzow Free Corps and Jena Student’s League. The members of these two organizations wore uniforms of black with gold and red accessories and used flags of those colors as well. When Germany was unified in 1871 under Otto Von Bismarck, it chose a national...
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...Journal of Business Economics and Management ISSN: 1611-1699 (Print) 2029-4433 (Online) Journal homepage: http://www.tandfonline.com/loi/tbem20 Evaluation of some business macro environment forecasting methods Vulfs Kozlinskis & Kristine Guseva To cite this article: Vulfs Kozlinskis & Kristine Guseva (2006) Evaluation of some business macro environment forecasting methods, Journal of Business Economics and Management, 7:3, 111-117 To link to this article: http://dx.doi.org/10.1080/16111699.2006.9636131 Published online: 14 Oct 2010. Submit your article to this journal Article views: 1769 View related articles Citing articles: 1 View citing articles Full Terms & Conditions of access and use can be found at http://www.tandfonline.com/action/journalInformation?journalCode=tbem20 Download by: [86.20.58.206] Date: 10 November 2015, At: 14:42 Journal of Business Economics and Management 2006, Vol VII, No 3, 111117 ISSN 1611-1699 EVALUATION OF SOME BUSINESS MACRO ENVIRONMENT FORECASTING METHODS Vulfs Kozlinskis1, Kristine Guseva2 Riga International School of Economics and Business Administration (RISEBA), Meza iela 1, k. 2, LV-1048 Riga, Latvia E-mail: 1Vulfs@rsebaa.lv, 2 kris@rsebaa.lv Downloaded by [86.20.58.206] at 14:42 10 November 2015 Received 06 03 2006; accepted 28 04 2006 Abstract. Latest studies in the field of business macro environment (BME) assessment and forecasting have been undertaken and successfully implemented...
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...deflationary spiral luring closely behind. By injecting more money into the economy Mario Draghi, ECB’s president, hopes to achieve spurring growth and inflation, much like what the programs have done in America and Britain. But more importantly, Mr. Draghi cannot implement policies on the same terms. Instead of dealing with just one central bank and one federal government, he has to take 19 into consideration. A big-bond buying programme in a monetary union is very problematic, especially due to varying creditworthiness among its member countries, ranging from triple-A for Germany to junk for Greece. But the main issue that has been on the table of discussion is simply risk. Or more precisely, how risk-sharing among the members should be distributed, in case a country defaults on their debt. In other words, who has to open up their wallet the most. The country that especially has been stalling the program is Germany, simply because they cannot come to terms with the ECB and Mr. Draghi. They fear that their taxpayers, including union members, will have to cover the future losses of the ECB. Since the Bundesbank normally would expect to shoulder a quarter of the losses incurred by the ECB, they have cause for concern. What ECB eventually did is a compromise on both the policy adopted and the risk-sharing side. First of all,...
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...Faculty of Business Studies Module: Presentation and Communication Skills Examiner: Dipl. Ök. Marina Alvares-Wegner The BRIC countries Leslie Authier Matr. No.: 7007017 E-Mail: leslieauthier@orange.fr Diana Carolina Ramirez R. Matr. No.: 7004479 E-Mail: dianacarolina_puebla@yahoo.de Maya Höpfner Matr. No.: 7003768 E-Mail: maya.hoepfner@googlemail.com Table of content 1 Introduction...................................................................................................... 2 2 The Federative Republic of Brazil .................................................................... 3 2.1 General information on the Federative Republic of Brazil....................... 3 2.2 Brazil’s connection with the European Union.......................................... 4 2.3 Brazil’s financial situation........................................................................ 5 2.4 Brazil’s imports and exports.................................................................... 6 2.5 Brazil’s leading companies ..................................................................... 9 3 The Russian Federation................................................................................. 10 3.1 General information on the Russian Federation ................................... 10 3.2 Russia’s connection with the European Union...................................... 11 3.3 Russia’s financial situation.................................................................... 12 3.4 Russia’s imports...
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...Germany officially the (Federal Republic of Germany) Is a federal parliamentary republic in western-central Europe. It includes 16 constituent states and covers an area of 357,021 square kilometers (137,847 sq mi) with a largely temperate seasonal climate. Its capital and largest city is Berlin. With 81 million inhabitants, Germany is the most populous member state in the European Union. After the United States, it is the second most popular migration destination in the world. Various Germanic tribes have occupied northern Germany since classical antiquity. Germany(Flag) A region named Germania was documented before 100 CE. During the Migration Period the Germanic tribes expanded southward. Beginning in the 10th century, German territories formed a central part of the Holy Roman Empire. During the 16th century, northern German regions became the centre of the Protestant Reformation. The rise of Pan-Germanys inside the German Confederation resulted in the states in 1871 into the Prussian-dominated German Empire. After World War I and the German Revolution of 1918–1919, the Empire was replaced by the parliamentary Weimar Republic. The establishment of the Third Reich in 1933 led to World War II and the Holocaust. After 1945, Germany split into two states, East Germany and West Germany. In 1990, the country was reunified. In the 21st century, Germany is a great power and has the world's fourth-largest economy by nominal GDP, as well as the fifth-largest by PPP. As a global...
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...(Caruso, Vohs et al. 2013). (Appendix 2) * Because of the solid democratic system of the United States government, it has one of the most attractive business and investment environment for FDI (Vadlamannati 2012). (Appendix 3)The United States is ranked as fourth compare 185 countries in the ease of doing business terms, since it has the most clear business regulations (Bank 2015). Moreover, USA has better FDI regulatory restrictiveness (Appendix 4). * The United States has prosperous free market with a essentially stable political system infrastructure which advantage the wealth with an opportunities for FDI (Wald and Calhoun-Brown 2014). Mainly, more freedom rising voice and answerability, fighting corruption, government efficiency, regulation excellence and the government research programs in improving the attraction of FDI (Franco 2013). Risks * There are a noticeable rising in socioeconomic inequalities. That would increase the anger, which will lead to social conflict. In addition, USA is considered dominant power in the world, would make Use a favorable target for terrorist activity, which will highly effect the FDI...
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...Prospects Of Market Volumes And Shares Economics Essay Nanotechnology qualifies for having a major impact on the world economy, because nanotechnological applications will be used in virtually all sectors. Scientists, researchers, managers, investors and policy makers worldwide acknowledge this huge potential and have started the nano-race. Prospects of Market Volumes and Shares The NSF [1] estimated a world market for nanotechnological products of $1 trillion for 2015. Depending on the definition of nanotechnology and its contribution to added value of the final products as well as the degree of optimism, many other forecasts vary between moderate $150 bn in 2010 [2] and $2.6 trillion in 2014 [3] . The latter, most optimistic scenario would imply that the market for nanotechnology-based products would be larger than the prospected information and communication technology market and would exceed the future biotech market by ten times. The forecasts differ significantly from each other, but have common thread in that they predict a substantial increase of the market for nanotechnological products with a take off some when in the early 2010s. The figures presented above show the possible direction, but are not adequate for deeper analyses of the development of the nanotechnology market. Lux Research and the NSF have both spent some efforts in breaking the figures down in nanotechnology subfields, the first in an analysis of 5 years in the past (1999-2003), the NSF shows the expected...
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...10/27/2015 International Business Environment LECTURE 5 Global Business Environment 1 10/27/2015 Political Risks Political risks are any changes in political environment that may adversely affect the value of a firms’ business activities. It could be divided into: 1. Ownership Risk through confiscation and expropriation. 2. Operating risk where operations of a firm and safety of its employees are threatened through changes in law, environmental standard, tax codes, terrorism and others. 3. Transfer risk in which government interferes with a firms ability to shift funds into and out of the country. Economic Environment and International Business Economic System is the way a society decides to use and distribute its resources. 1. Who can own property in this system? 2. Who controls and distributes the resources in this system? 2 10/27/2015 Types of Economic Systems 1. Market Economy In pure market economy, all productive activities are privately owned , as opposed to being owned by the state. Price and production are determined by the interaction of demand and supply. 2. Command Economy or Planned Economy In pure command economy, all productive activities are state owned , as opposed to being owned by the individual. In pure command economy, the government plans the goods and services that a country produces, the quantity, and prices at which they are sold. 3. Mixed Economy Capitalism/Free Enterprise/Free Market ...
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...| Bavarian Motor Works (BMW) | Rasheeda PaigeDeVry UniversityProfessor Michael Mcgivern Introduction to International Business03/27/2016 | | Table of contents Name, history, and ownership pg. 2 Country or countries where the business operates pg. 2 Stock exchange identifier and listing pg. 3 Description of the products and services (4 P’s) pg. 3 & 4 SWOT analysis pg. 5 & 6 BMW Competitors pg. 6 Demographics of consumer’s pg. 7 Organization structure pg. 7 & 8 Entrance and exit strategies pg. 8 Government structure and economic indicators pg. 8&9 BMW stands for Bayerische Motoren Werke, an automobile manufacturing company that is based in the country of Germany. BMW is a publicly traded and multinational company in the automotive industry. BMW headquartered is located in Munich, Germany and is well known as one of the best luxury brands in the automotive market. BMW logo is a blue-and-white circle in alternating quarters is represented of an airplane propeller on a blue sky, which is the color of the Bavaria flag. Karl Friedrich Rapp is a German engineer who founded Rapp Motorenwerke in 1913, which was an airplane manufacturing company. After realizing the company was struggling, Rapp reconstructed the company as the Bayerische Motoren Werke GmbH, which was the first use of BMW as a corporate logo. Gustav Otto was the second aircraft engine maker who merged with BMW, a founder of Bayerische Flugzeugwerke AG...
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...BUSI2034 Research Project 2015 Due Date: Monday, 4 May 2015, 4pm Length of Essay: 4000 words excluding tables, figures, reference list, and appendices (if any). Instructions: You are required to develop an essay addressing the issues described in the following statement: ‘Geopolitical crises and epidemics haven’t stopped the global economy from expanding by some 3 percent in 2014. However, the Eurozone will remain the world economy’s main problem, with growth in the single-currency bloc expected to be negligible. Problems in some of the Eurozone’s big economies are worrying analysts. The situation in Italy, for instance, is quite dramatic, with the economy stagnating. In France, high public deficits are a big worry; such a policy could not be continued for much longer. Underperforming fellow Eurozone nations could affect Germany’s own economic growth prospects, since they are the customers for most of Germany’s exports; it is expected that Germany’s gross domestic product will expand by just 1 percent in 2015. Despite the evident problems in Eurozone, Germany and France are determined to restore a confidence to the Euro.’ Discuss the statement, and use examples to justify your opinion. 1.0 Introduction The Global Financial Crisis or the ‘great recession’ as it is now known has been widely regarded as the worst global recession since the end of the Great Depression (Drezner, 2014). The events following the collapse of the US housing market and the subsequent...
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...Bayerische Motoren Werke (BMW) is a multi-national holding company and automaker company headquartered in Munich, Germany. BMW is a global leader in the premium automotive sector. BMW also markets MINI and Rolls Royce. Rolls Royce is a wholly-owned subsidiary. From its 2015 Annual Report, the BMW Group is comprised of three business segments: Automotive, which includes BMW, Mini, and Rolls Royce as their three brands, Motorcycles segment, and Financial Services segment. BMW’s financial services segment includes car leasing, fleet business, retail customer and dealer financing, customer deposit business, and insurance activities. In 2015, BMW Group sold 2,247,485 units of automobiles and 136,963 units in their motorcycles segment. Revenues totaled...
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...strategy and how has globalisation changed its way of operation? Where is the market for mobile handsets? In the developed markets? In the emerging economies? What is the nature of demand in these markets? What kinds of handsets do people want? What are the costs of manufacturing? How can these costs be reduced? Has globalisation shifted economic activity between and within regions? In what way? Look up a concept called "value chain". Is it relevant here? Nokia opened its factory in Germany in 1987, why do you think it made that decision then and what about the costs that it must have incurred till now? Is Nokia's decision to relocate its factory is legitimate? Why or why not? Could Nokia have made the Bochum plant more competitive? How? 2. Was the German backlash against Nokia justified? How can nations make themselves more competitive? What are the factors that make a country competitive? Evaluate these factors for Germany. On what factor(s) was Germany competitive or uncompetitive? How will Nokia's exit affect Germany's reputation? How will it affect other companies wanting to move to Germany? What should Germany do to make itself more competitive? 3. What, if any, were the flaws in Nokia's approach to announce and handle its plant closure? What can the company do now for damage control? What are the problems that can arise in closing a plant? What measures should a company take to manage a successful exit? What did Nokia not do well...
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...1 GCSE HISTORY GERMANY 1918-1939 REVISION This awesome booklet has been designed to help you get exam-ready. It contains the ‘essential’, need-to-know points for the Germany unit, plus useful revision boosters and guidance on answering exam questions. Remember, getting your exam technique sorted is a must if you’re going to succeed in the exam - it’s just as important as knowing your stuff! CONTENTS....There are 4 sections to this booklet. 3 Hitler overcomes his opposition 1 The rise and fall of the Weimar Republic 1918 1929 1933 1934 2 The rise to power of Hitler and the Nazis 1939 4 The Nazi dictatorship 1 The rise and fall of the Weimar Republic 1918-33 Introduction If, just for fun, we were to make a graph showing the fortunes of the Weimar Republic, it would probably look like this…. B A Phase A 1918-23: The WR suffers from a few major teething problems, and struggles to survive. C Phase B 1924-28: ‘The Golden Twenties’. Things are on the up for the WR, as it recovers from its earlier problems. But beneath the surface, there are still weaknesses. Phase C 1929-1933: With the Wall St. Crash and the Great Depression, the WR comes ‘crashing’ down! Of course, during each phase, the Nazis were experiencing their own political rollercoaster ride. Broadly speaking, whenever the WR was enjoying success, the Nazis were not, and vice versa. More about that later. What was the Weimar Republic and why was it set up? A lot...
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...Country Report GERMANY By: Arun Sareen Content Content 2 1. Introduction: Germany at a glance 3 Graph 1.1: World’s largest economies by GDP 3 Graph 1.2: Key economic indicators in Germany since 2000 4 2. Germany’s economy in the lead up to the crisis 4 Table 2.1: Economic data since unification of Germany 5 3. Impact of the crisis in Germany 6 Graph 3.1: Exports in German compared to largest global exporters since 2000 7 Graph 3.2: Germany vs US employment data 8 4. Recovery of the German economy 8 5. Conclusion 9 6. References 10 Introduction: Germany at a glance Germany is a major economic and political force within Europe, and a founding member of the European Union (EU) since 1993. With a population of 82.1m and a Gross Domestic Product (GDP) of €2.5b, Germany is the most populous member state of the EU and has the largest national economy in Europe (EU website, 2014). As indicated in Graph 1.1 below, Germany also has the fourth largest economy by real GDP globally (behind the US, China and Japan) and is the third largest exporter in the world. Graph 1.1: World’s largest economies by GDP Source: International Monetary Fund, World Economic Outlook Database, April 2014 Exports make up approximately one third of Germany’s GDP and are driven by a strong industrial base. Germany is a major producer and exporter of automobiles, transport equipment, mining products, electronic and communications equipment, chemicals and pharmaceuticals...
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