...International Business Rijksuniversiteit Groningen | International Business | Introduction to International Business Verspreiden niet toegestaan | Gedownload door: Dorien De Vries | ID: 118424 INTRO TO IB KEY WORDS AND CONCEPTS Conceptual Foundations of International Business Strategy 1. Internationally transferable FSAs . Tacit knowledge = personal knowledge MNE’s heritage=key routines developed by the firm since its inception. 4 archetypes of administrative heritage: • Centralized exporter=only exporting the standardized product, no activity in host country. • International projector=FSAs from home country copied, no development of new ones. • International coordinator=different parts of the production process in different countries. • Multi-centered MNE=does everything(produce, sell, etc.) in the host country. 2. Non-transferable or location bound FSAs. 4 types of non-transferable FSAs: • Stand-alone resources=linked to location advantages. Such as certain immobile markets. • Other resources=such as local marketing knowledge, don’t have same value abroad. • Local best practices=routines which are highly effective at home, not the same abroad. • Recombination capabilities=taking FSAs/products from home and adapt it to host country. 3. Location advantages. !Strengths of a location, useable for all the firm’s operations in that location. !The reason why an MNE should go there. Foreign direct investment(FDI)=the allocation of resource bundles by an MNE in a host country with...
Words: 2493 - Pages: 10
...successful that firm may be in new foreign markets. Then the Porter's Five Forces model is adapted as a systematic framework for analyzing the competitive environment in any market of the world. Finally, market-based and resource-based marketing strategies are compared. By skillful application of both perspectives, an organization may be well on its way to a profitable multinational presence. QUICK REFERENCE CHAPTER OUTLINE A. Introduction B. Country-Specific Advantages (CSAs) 1. Comparative Advantage & Absolute Advantage 2. International Product Cycle 3. National Competitive Advantages 4. The New Trade Theory 5. CSAs and Country-of-Origin Effects C. Firm-Specific Advantages (FSAs) 1. Knowledge-based FSAs 2. Marketing-Related FSAs 3. Transferability of FSAs 4. FSAs and Internalization 5. FSAs and Transaction Costs 6. FSAs in the Value Chain 7. FSAs, CSAs, and Regionalization D. Extending Porter’s “Five Forces” Model 1. Rivalry 2. New Entrants 3. Substitutes 4. Buyer Power 5. Supplier Power...
Words: 4456 - Pages: 18
...TOPIC Banks have throughout time been imposed with the duty of secrecy owed to a customer. Unlike United Kingdom, Malaysia has codified this duty of secrecy and also similarly codified all the exceptions to this duty. With reference to the relevant banking legislation in Malaysia and case law, discuss and evaluate the scope of the duty of secrecy and its qualifications. Suggest also legal reforms to strengthen the bankers’ duty of secrecy owed to the customer. Introduction Loyalty and confidentiality are the basis of all agent-principal relationships, although the scope of duty may differ from one field to another. In Parry Jones v Law Society, Lord Diplock LJ emphasised the vitality of the duty of secrecy or confidentiality, Such a duty [of secrecy] exists not only between solicitor and client, but for example, between banker and customer, doctor and patient and accountant and client. Such a duty of confidence is subject to, and overridden by, the duty of any party to that contract to comply with the law of the land. If it is the duty of such a party to a contract… to disclose in defined circumstances confidential information, he must do so, amend any express contract to the contrary would be illegal and void. In banking, this duty of secrecy is particularly important as it maintains the faith and confidence of the client. More importantly, it serves as a protection for the customer’s dealings and affairs and not for the protection of the bank. The public interest of...
Words: 3465 - Pages: 14
...Week One Content Outline: Fundamentals of global marketing OBJECTIVE: Identify the components of a global marketing venture. Resource: Ch. 1 of Global Marketing: Foreign Entry, Local Marketing & Global Management Content • The Global Marketing Task (in Johansson) o Going Global (pp. 5-6) o The New Global Environment (pp. 6-14) o Key Concepts (pp. 14-20) o Why Companies go Global? (pp. 20-24) o Developing Knowledge Assets (pp. 24-25) o Global Marketing Objectives (pp. 25-26) o Three Hats (pp. 26-27) OBJECTIVE: Evaluate the competitive environment using Porter’s five forces model. Resource: Ch. 2 of Global Marketing: Foreign Entry, Local Marketing & Global Management (Johansson) Content • Theoretical Foundations (in Johansson) o Country-Specific Advantages (CSAs) (pp. 33-39) o Firm-Specific Advantages (FSAs) (pp. 40-47) o FSAs, CSAs, and Regionalization (pp. 47-48) o Extending Porter’s Five Forces Model (pp. 48-51) o Rivalry Between Global Competitors (pp. 51-52) o Strategy and the Three Hats (pp. 53-54) OBJECTIVE: Explain cultural factors that impact the global marketplace. Resource: Ch. 3 of Global Marketing: Foreign Entry, Local Marketing & Global Management (Johansson) Content • Cultural Foundations (in Johansson) o The Meaning of Culture (pp. 60-64) o Cultures across Countries (pp. 65-70) o Culture and “How to Do Business” (pp. 70-72) ...
Words: 292 - Pages: 2
...EN 150: Introduction to Literature Course Syllabus- Online 2012 Instructor: Email: David Hansen hansend@baycollege.edu Phone: (906) 458-4184 TEXTS: Literature to Go: Michael Meyer. Bedford/St. Martin's Press Wee Free Men : Terry Pratchett (No specific edition/ MUST be complete and unabridged) CLASS MEETING DAYS AND TIMES: You will be expected to log in Monday, Wednesday and Friday of each week. You will find the week’s work ready for you. ALL POSTINGS AND ASSIGNMENTS WILL BE DUE NO LATER THEN NOON OF THE NEXT CLASS PERIOD! Since much of your work is based on responding to the ideas of others this is to ensure you have the chance to finish up as quickly as possible. For full details please see the handouts: Discussion Board Requirements, Blog Requirements and Weekly Responses Requirements. COURSE DESCRIPTION: This class is an introductory survey of literature with the purpose of exposing students to a wide variety of short stories, poems, plays and a novel. Students will learn the tools to help them more deeply enjoy their reading experiences by looking at character studies, imagery, metaphors, allusions, symbolism and other fancy terms. In other words, we're going to read some fun stories. COURSE OBJECTIVES: By the end of this course, students will: • become familiar with a wide variety of works of literature; • to able to read with confidence; • expand their vocabulary; • be able to interpret literary works on a deeper level; • to be able to express their ideas and opinions...
Words: 1384 - Pages: 6
...Business Ethics - Assignment Submission On Unethical Behaviour in Organizations DOCUMENT DETAILS FILE: ASSIGNMENT-BUSINESS ETHICS CREATED BY: VISHESH M. KASHYAP & AJIT A. JOSHI CREATION DATE: 09-MAR-2013 VERSION NO: 1.0 Assignment 1 TABLE OF CONTENTS 1. ABOUT THE TOPIC – LIBOR SCANDAL ........................................................................................................................ 3 1.1. 1.2. 1.3. 1.4. 1.5. 1.6. 1.7. 1.8. INTRODUCTION TO THE CASE ..................................................................................................................................... 3 LIBOR AND ITS USAGE .......................................................................................................................................... 3 DETAILS OF THE CASE AND IMPACT ON STAKEHOLDERS ...................................................................................................... 4 UNETHICAL BEHAVIOUR OBSERVED ............................................................................................................................. 5 REMEDIAL MEASURES ........................................................................................................................................... 6 SUMMARY & CONCLUSION REMARKS .......................................................................................................................... 8 MISCELLANEOUS - ASSIGNMENT DOCUMENT RECEIVED ............................................
Words: 1969 - Pages: 8
...Assignment on- “What are the interactions between Climate Change & Multinational Enterprise?” [pic] [pic] Prepared For Md. Mamoon Al Bashir Lecturer Department of Business Administration East West University Prepared By Group Members: Ziniya Tabassum Anwar (2010-2-10-031) Ahsan M Rahik (2010-2-10-099) Najnin Akhter (2010-2-10-079) Anower Kabir Duke (2008-3-10-030) Farjana Akter Parul (2010-2-10-100) Course Code: ITB 301 Course Title: International Business Section-5 Submission Date 24/07/2013 [pic] EAST WEST UNIVERSITY Letter of Transmittal 24 July, 2013 Md. Mamoon Al Bashir Lecturer Department of Business Administration East West University Subject: Submission of Assignment on “What are the interaction between Climate Change and Multinational Enterprise?” Dear Sir, It is a great pleasure and privilege to present the assignment titled “What are the interaction between Climate Change and Multinational Enterprise” which was assigned to us as a partial requirement for the completion of this course ITB 301 (International Business). Throughout the study we have tried with the best of our capacity to accommodate as much information and relevant issues as possible and tried to follow the instructions as you have suggested. We tried our best to make this assignment as much informative as possible. We sincerely believe that it will satisfy your requirements. We however sincerely believe that this...
Words: 6288 - Pages: 26
...Task 1 Research When I leave college and university I would like to be a stock broker for a large organisation in London or maybe in a foreign country. Organisation | Finding | Date complete | Careers meeting and a meeting with the College’s career advisor | -I had a meeting with Mrs brown; my career advisor about how many ucas points are required to study to become a stock broker in university and what grades must be achieved to get into the stock broking market. | September 11 | Research on internet http://www.totaljobs.com/careers-advice/job-profile/finance-jobs/trainee-stockbroker-job-description | * What I need to become stock broker is the ability to understand and analyse complex information good communication skills, good mathematics skills, good mathematics skills and ict. Calmness under pressure, the ability to work both as part of a team and on your own initiative, drive and determination, good judgement of risks, honest and a trustworthy attitude. Furthermore, I would need Certificates in Investment Management, Securities or Financial Derivatives...
Words: 2026 - Pages: 9
...Assignment on- “What are the interactions between Climate Change & Multinational Enterprise?” [pic] [pic] Prepared For Md. Mamoon Al Bashir Lecturer Department of Business Administration East West University Prepared By Group Members: Ziniya Tabassum Anwar (2010-2-10-031) Ahsan M Rahik (2010-2-10-099) Najnin Akhter (2010-2-10-079) Anower Kabir (2008-3-10-030) Farjana Akter Parul (2010-2-10-100) Course Code: ITB 301 Course Title: International Business Section-5 Submission Date 24/07/2013 [pic] EAST WEST UNIVERSITY Letter of Transmittal 24 July, 2013 Md. Mamoon Al Bashir Lecturer Department of Business Administration East West University Subject: Submission of Assignment on “What are the interaction between Climate Change and Multinational Enterprise?” Dear Sir, It is a great pleasure and privilege to present the assignment titled “What are the interaction between Climate Change and Multinational Enterprise” which was assigned to us as a partial requirement for the completion of this course ITB 301 (International Business). Throughout the study we have tried with the best of our capacity to accommodate as much information and relevant issues as possible and tried to follow the instructions as you have suggested. We tried our best to make this assignment as much informative as possible. We sincerely believe that it will satisfy your requirements. We however sincerely believe that this...
Words: 6287 - Pages: 26
...Welcome to Riordan! On behalf of your colleagues, I welcome you and wish you every success here. We believe that each employee contributes directly to our growth and success, and we hope you will take pride in being a member of our team. This handbook outlines the policies, programs and benefits available to eligible employees. It also describes some of the expectations we have of our employees. The employee handbook will answer many questions about employment with Riordan, so you should familiarize yourself with the contents of the employee handbook as soon as possible. We hope that your experience here will be challenging, enjoyable and rewarding. Again, welcome! Sincerely, Dr. Michael Riordan President Riordan Manufacturing is a global plastics manufacturer employing more than 500 people. Our headquarters are in San Jose, California. Our products include plastic beverage containers produced at the plant in Albany, Georgia, custom plastic parts produced at the plant in Pontiac, Michigan, and plastic fan parts produced at our new facilities in Hangzhou, China. Our company's research and development is done at the corporate headquarters in San Jose. Riordan's major customers are automotive parts manufacturers, aircraft manufacturers, the Department of Defense, beverage makers and bottlers and appliance manufacturers. Mission Our Focus • • • Six Sigma, leading edge R&D and exceeding ISO 9000 standards define the attitude and abilities of Riordan Manufacturing. We...
Words: 8096 - Pages: 33
...24) | | | | Betsy cannot include additional income to her salary. | The fringe benefits and medical insurance are tax free. | The employee discounts would also be tax free. | | | | | 40) | | | | A) | | | | 1- Sole Proprietorship | | 130000-25000=105000 | 105000*92.35%=96967.50 | | | | 96967.50*15.3%=14,836 | Adjusted Gross income | 105000-(14836*50%)-3000 insurance premium = 94,582.00 | | | | 94582-3650=85,232.00 | Income Tax | | 16781.25+28%(85232-82400)=17,574.21 | Total Income Tax | | 17,574.21+14836.00=32,410.00 | | | | | 2-S Corporation | | | Fica Taxes-35000x7.65%=2678.00 | Futa Taxes-7000x6.2%=434.00 | | Total Income = 130000-25000-35000-2678-434-3000=63,888.00 | Gross income=35000+63888+3000=101,888.00 | Adjusted Gross Income =101,888-3000=98,888.00 | 98,888-5700-3650=89,538.00 | | Income Tax - (89538-92400)*28%+16,781.25=$18,780.00 | Employee Fica Tax=35000*7.65%=2678 | Total Tax = 2678+434+18780+2678=24570.00 | | | | | | | | | 3- C Corporation | | | Fica Taxes-35000x7.65%=2678.00 | Futa Taxes-7000x6.2%=434.00 | | Taxable Income = 130000-25000-35000-2678-434-3000=63,888.00 | Tax Liability-7500+25%(63888-50000)=10972.00 | Taxable income - 35000-5700-3650=25,650.00 | Personal Income Tax liability-837.50+15%(25650-8375)=3,428.75 | Total Tax cost =10972+2678+434+3428.75+2678=20,192.00 | | | | | | | | | | | | | b) | | | | I recommend the C...
Words: 564 - Pages: 3
...Assignment Number One 1. The website that I visited was Food and Nutrition Information Center (http://fnic.nal.usda.gov/nal_display/index.php?tax_level=1&info_center=4). This website first talked about Linus Pauling being the first person interested in doing research to find out whether Vitamin C would reduce symptoms of the common cold. Over the past years more research was done to see if Vitamin C would decrease a common cold. Researchers concluded from an experiment with two different groups. One group took two grams of Vitamin C. The Vitamin C did not decrease their cold symptoms. The second group who took two-hundred and fifty milligrams of Vitamin C did reduce their symptoms by fifty percent. Most importantly, this research concluded that taking Vitamin C would reduce the time the cold symptoms was present for adults by eight percent and fourteen percent for children. 2. The second site I visited was National Institute of Health (http://www.nlm.nih.gov/medlineplus/ency/article/002145.htm). This site openly stated that Vitamin C have not been scientifically proven to cure common colds. However, it suggested that large amounts of Vitamin C may reduce the amount of time a person has a cold but cannot prevent a person from getting a cold. Lastly it suggested that Vitamin C would work best if the person who has a cold had low levels of nutrients, which would indeed vary from person to person. 3. The pages that I reviewed to find out more information about...
Words: 909 - Pages: 4
...OVERVIEW……………………………………………2 - History of Japanese Economy - Japanese Financial & Banking System - Mitsubishi UFJ Financial Group BANK OF TOKYO MITSUBISHI UFJ………………16 - Structure - Rating - Capital - Competition - Services BANK MANAGEMENT ANALYSIS…………...……29 - Asset Management - Liability Management - Risk Management - Other Developments (Social Responsibilities) REPORTS ANALYSIS………………………………..35 - Financial Sheets - Financial Ratios FORECASTING……………………………………….38 - Forecasted Financial Sheets CONCLUSION………………………………………...40 I. OVERVIEW A) History of Japanese Economy The Japanese economy is the 3rd largest economy in the world, coming right behind the American economy and the economy of China. It’s one of the most studied economies among all due to its rapid growth in different eras. Its economy first interacted with Europe in the 16th century, and the Europeans were admirers of the country as it was one of the richest in metals and became a major exporter of copper and silver. In 1603, which is the beginning of the Edo period, the interaction between the Japanese and Europeans was extremely intense, and that, however, exposed Japan to Christianization waves, which lead Japan to enter a period of isolation in order to avoid such religious waves. Significant expansion of domestic industries increased during this phase. The construction trade grew along with banking dealing activities. The Edo period ended in 1868, and by that time Japan...
Words: 4643 - Pages: 19
...OVERVIEW……………………………………………2 - History of Japanese Economy - Japanese Financial & Banking System - Mitsubishi UFJ Financial Group BANK OF TOKYO MITSUBISHI UFJ………………16 - Structure - Rating - Capital - Competition - Services BANK MANAGEMENT ANALYSIS…………...……29 - Asset Management - Liability Management - Risk Management - Other Developments (Social Responsibilities) REPORTS ANALYSIS………………………………..35 - Financial Sheets - Financial Ratios FORECASTING……………………………………….38 - Forecasted Financial Sheets CONCLUSION………………………………………...40 I. OVERVIEW A) History of Japanese Economy The Japanese economy is the 3rd largest economy in the world, coming right behind the American economy and the economy of China. It’s one of the most studied economies among all due to its rapid growth in different eras. Its economy first interacted with Europe in the 16th century, and the Europeans were admirers of the country as it was one of the richest in metals and became a major exporter of copper and silver. In 1603, which is the beginning of the Edo period, the interaction between the Japanese and Europeans was extremely intense, and that, however, exposed Japan to Christianization waves, which lead Japan to enter a period of isolation in order to avoid such religious waves. Significant expansion of domestic industries increased during this phase. The construction trade grew along with banking dealing activities. The Edo period ended in 1868, and by that time Japan...
Words: 4633 - Pages: 19
...countries. • Characteristics of MNEs: • 1-common ownership linked affiliated firms • 2-common pool of resources • 3-common strategy for linking to gather the affiliates Internationalization process • • • • • License Export via agent Export through own sales representatives Local packaging and/ or assembly FDI • License: A contractual arrangement in which one firm (the licensor) provides access to some of its patents, trademarks, or technology to another firm in exchange for a fee or royalty. • KFC, Mcdonal • Licensor: A company that provides access to some of its patents, trademarks, or technology to another firm in exchange for a fee or royalty. • Licensee: A firm given access to some of the patents, trademarks, or technology of another firm in exchange for a fee or royalty. • KFC ,McDonald , Why firms become MNE? • To Diversify against risks and uncertainties • To tap growing world market for goods and services • Protecting their home market share from foreign competitors by using follow the competitor strategy • To reduce cost • To avoid tariff and non tariff barriers • Utilized their technical expertise through FDI Strategic management & MNEs • The strategic philosophy of MNEs : make decisions base on the what is best for the overall company only ,they mobilize recourses around the world to reduce costs of their products and maximize their profits • Strategic management process • Identify the firm basic mission After SWAT analysis • 1- strategy formulation • 2- strategy...
Words: 660 - Pages: 3
