...many other problems, global warming has become one of the top issues in the world. As the consequence of emitting carbon dioxide, the world’s temperature has risen from the past. Despite the fact that there is statistical evidence, there have been controversies as in how much effort should be put in to solve the issue of global warming. The seriousness of global warming is evident. “In the 20th century, the world’s average surface temperature rose by… the fastest rate in any period over the last 1,000 years.” (Source A) In the ocean, the surface temperature increased nearly 1.5 degrees Fahrenheit from about 100 years ago. (Source B) It is not only people who are affected by global warming. Nowadays, “each spring, the robins are arriving in Wisconsin several days earlier than they did a decade ago” (Source F) These significant changes to the world has alarmed people and evoked efforts to stop global warming. In order to prevent global warming from getting worse, people have put in efforts in reducing carbon dioxide emissions. States and cities are setting goals for renewable energy. In New York, the aim is to “generate 25% of the state’s energy from renewables.” (Source C) For cities, “nearly 200 mayors have pledged to curb greenhouse gases in their cities.” (Source C) It is said that the “protection and restoration of forests may be able to offset up to 20 percent of carbon dioxide emissions.” (Source A) All of these efforts can contribute to stop global warming. However, the...
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...Global Finance Environment Paper FIN/403 May 4, 2008 Globalization refers to the merging of national markets into one huge global marketplace. In today’s market, selling internationally is much easier due to falling barriers in cross-border trade. Now businesses don’t have to be industry giants to operate and succeed in global markets. Although it can be beneficial to offer a standard product that can be used worldwide, significant differences still exist between national markets such as cultural differences, consumer taste differences, product preferences and legal regulations. It is important to define and understand these differences when merging into national markets. Globalization is inevitable and it’s happening at an astonishing speed in nearly every market possible. The technology era that we are in has enabled businesses to join forces like never before and we are seeing significant changes in the global marketplace. There are main drivers in globalization and this paper will define three of them, as well as describe the risks associated with financial investing, and explain the importance of cultural sensitivity and ethics in global finance. Drivers of Globalization Market drivers Domestic markets are saturated and growth opportunities are often times limited. Expanding globally opens up many new opportunities allowing for real growth within a business. The following lists in detail the specific market drivers that play a key role...
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...UNIVERSITY OF WALES: TRINITY SAINT DAVID PRIFYSGOL CYMRU: Y DRINDOD DEWI SANT School of Business The Global Business Environment SBUS4004 Summer June 2014 – Term 1 October 2014 – Term 2 SBUS4004 The Global Business Environment MODULE CODE: TITLE: LEVEL: CREDITS: TEACHING METHODS: SBUS4004 The Global Business Environment 4 20 Lectures Seminars Independent Study N100 16% 8% 76% JACS CODE: AIM(S) • To introduce the importance of the global business environment within which organisations operate. To enable students to identify and recommend business decisions considering the changing components of the global business environment. • LEARNING OUTCOMES By the end of this module students should be able to: • • • outline and discuss the characteristics of an organisation’s environment; identify and discuss how organisations interact with the global business environment; interpret and produce supply and demand (price) predictions based on global business environment scenarios; distinguish how different organisations compete domestically and internationally; understand and identify cultural differences between countries and the importance of the different aspects of culture in doing business in a global context. • • CONTENT • Determining the difference between needs and wants and their significance to economics and business. Three economic systems, planned, free and mixed economies and the implications of each system on business/ organisations...
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...Global Economic Environment Generally, global economic environment is influenced by various factors such as technological, environment, political, socio-cultural, and demographic that directly affects businesses. Economic environment refers to the nature of economic systems and policies, distribution of income and wealth, and level of income. Indeed, economic environment has a complex and very dynamic nature; it is continually changing along with the changes in political situations and government policies. Global Economic Environment Mainly, global economic environment is comprised of several components including the economic systems, conditions, policies, legislations, and environment. Indeed, the economic policies being imposed in every business unit are significantly influences by the overall condition of economy. This includes the improvements that occurred in economic conditions such as the purchasing power of the public, standard of living, distribution of income, and supply and demand. Mainly, these factors reflect the size of the market. Another factor reflecting the economic condition is the business cycle, which is critical to every business unit. It refers to the different stages such as prosperity, boom, decline, depression, and recovery. The economic condition of a country can be understood through its national income, per capita income, and distribution of income, demand and supply trends, inflation rate, industrial growth rate, trends in industrial sickness...
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...Managing In a Global Environment Instructor Course Research shows that a company needs more than a set of techniques, skills, and global desires to succeed at a global level. However for a company’s success, it requires the development of a global mindset for both managers and organizations (Jessberger, et al., 2013). A vast majority of managers find themselves working in foreign firms within or outside their country. However, for them to navigate through ambiguities and complexities, they will need to develop a proper mindset that will surpass their traditional management responsibilities. The ability of managers to influence and appreciate individuals, systems, groups and organizations that represent different psychological, cultural, political, social, institutional and intellectual characters can be termed as a global mindset. A manager with a global mindset is not limited in by his or her mindset which only favors one’s personal view but rather responds to a variety of different perspectives at the same time (Jessberger, et al., 2013). However, a vast majority of managers fail to understand that the values that govern the business in their country don’t necessarily work for those in other nations. Research shows that a vast number of people with exposure to different cultures can easily speak various languages and can adapt into a global lifestyle. However, as per research, that global leaders have extensive experiences communicating with a large variety of people due...
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...CHAPTER 2 THE GLOBAL ECONOMIC ENVIRONMENT SUMMARY A. The economic environment is a major determinant of global market potential and opportunity. In today’s global economy, capital movements are the driving force, production is uncoupled from employment, and capitalism has vanquished communism. Based on patterns of resource allocation and ownership, the world's economies can be categorized as market capitalism, centrally-planned capitalism, centrally-planned socialism, and market socialism. The final years of the twentieth century were marked by transitions toward market capitalism in many countries that had been centrally controlled. However, great disparity still exists among the nations of the world in terms of economic freedom. B. Countries can be categorized in terms of their stage of economic development: low income, lower middle income, upper middle income, and high income. Gross domestic product (GDP) and gross national income (GNI) are commonly used measures of economic development. The 50 poorest countries in the low-income category are sometimes referred to as least-developed countries (LDCs). Upper middle-income countries with high growth are often called newly industrializing economies (NIEs). Several of the world’s economies are notable for their fast growth; the BRIC nations include Brazil, Russia, India, and China. The Group of Seven (G7), Group of Eight (G-8), and Organization for Economic Cooperation and Development (OECD) represent...
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...1. INTRODUCTION The Country Analysis Report constitutes a major part of the in-course assessments in the Global Business Environment module. It consists of one written report and one formal presentation, which account for a total of 30% of the total assessment. Students shall work in groups of 4 or 5 members. Each group will conduct an in-depth analysis of a country assigned by their respective tutors. The focus of this project is to engage in a feasibility study from a macro-environmental study perspective and highlight the various benefits and risks in two specific countries. The entire analysis requires organisation of data, critical data analysis, interpretation of data, drawing meaningful causal relationships among the variables/environmental forces and determining the level of attractiveness and competitiveness of the investment. 2. CASE STUDY Gourmet Ateliar (Hong Kong) Ltd., founded in 1955 is one of the region’s primary and premium food manufacturers and distributors. Its clients range from international chain hotels to Michelin star restaurants to fast food chains and caterers. The company carries only the best international brands of meat, poultry, seafood and dairy. Besides distributing international brands of gourmet fine foods, Gourmet Ateliar has its very own house brands of processed meat, frozen food and beverages. The company presently has 10 food processing plants in China and employs over 5...
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...society institute, became inevitable. The level of economic, scientific, technological, legal and informational interrelationships of the national industries have reached a point, when at least three principally novel features are imminent. First, the world's economic community, formerly seen as loosely connected multiple countries, is gradually transforming into the integral economic system, with national societies now representing the constituents of the integral world's economic body. Second, while conditions of globalization, national and global economic issues are swapping roles. With the development of international financial and other markets as well as production-sale structures, the global economic relationships more and more acquire the role of leading and governing structures. Even internal affairs of large and powerful countries, not to mention the remaining ones, are forced to adapt to the realities of the global economy. Third, globalization process...
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...Executive summary The following report is aimed at analyzing current Panasonic localization strategies in China market. Through the fully discussion and comparison, we concentrate on finding whether these strategies are best suiting for generating continuous profits and expanding marketing share for the transnational enterprise in local market. Subsequently, based on investigation, providing insightful recommendations to increase effectiveness and efficiency of the company’s operation to achieve competitive advantage and sustainable competitive advantage. There are three main sections involved in localization problems in Panasonic Company. Firstly, current customer localization strategy should be updated, as the improvement of Chinese peoples’ lives, nowadays there is a huge change of customer demands and preference, such as high quality and multifunctional requirement for TV design. Secondly, under strong influence of Japanese culture, current human resource management have some disadvantages, such as lacking of sufficient number of local staffs, complex hierarchical structure in the organization decreasing the efficiency of decision-making and local staff promotion and welfare issues. Thirdly, distribution channel should adapt to local market situation with Chinese characteristics, such as eliminate unnecessary direct selling all over the country, concentrate on collaboration with factories store and establish E-commence selling products through the online shop. The most...
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...Summary This report analyses the entire Asian environment and attractiveness of Asia, and the reason why Giordano choose Asia as its main market. From the analysis of Asian environment, sizeable population, increasing consumption on cloth, pursuing for fashion and globalization of world are all factors that make Asia attractive. Giordano’s FDI-related projects and the FDI modes are exhibited in this report, which can describe a whole picture of this company’s development. In addition, based on the analysis of FDI activities, Giordano’s FDI activities have many impacts on host economies, like job creation in Indonesia. This report draws on sales data of main Asian markets and subordinate brands to analyse the trend of investment of Giordano. Korea is the most important and second market except Mainland China；The Middle East grows quickly during last decades; Singapore is a stable and profitable market. Malaysia and Indonesia are potential markets, and from a long term perspective Giordano will focus on the development of these countries. Asia is the basic market of Giordano, which conducts over 95% foreign investment there. This report applies SWOT analysis to illustrate the strengths, weaknesses, opportunities and threats, and also uses PEST analysis to explain the external factors-political, economic, social and technological, which influence the investment direction in the future. Country screening process identifies company-specific criteria, which...
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...BI-WEEKLY ASSESSMENT Question 2: "The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms." Evaluate this statement. Introduction With the evolution of society, the phenomenon of globalization has gradually emerged in the field of economy, environment and culture. As a part of economy globalization, close economic connection between countries is bridged by means of international business. In terms of the study of international business, some people assess that it is solely positive for those who intend to work in a large multinational corporation instead of in small company whereas others insist that both international business plays a crucial role in the development of large-scale and small-scale enterprises. Therefore, this essay will argue that international business brings about benefits to individuals whoever are engaged in the big firm as well small one. Development In some circumstances, the size of the company has turned to be one of the obstacles when international business is expected to establish. According to Aaby and Slater (cited in Abdul-Talib et al. 2011, p. 6), small enterprises are more likely to lose international collaboration opportunities than large firms as there are insufficient resources and capabilities to develop export internationally in small-scale company. Similarly, it is shown that the organization would prefer to...
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...TheGlobal Business Environment – Fall 2013 Homework 1: The Great Recession and “The West and the Rest” Expose your narrative on the Great Recession. Do you see a relation with a possible bug(s) in one or more of the six killer applications listed by Ferguson? Write a 1-page essay, single line, 12pt, in your best English. Global Business Environment – Fall 2013 Homework 1: The Great Recession and “The West and the Rest” One of the apps Ferguson suggests as having propelled Western Civilization over the rest is consumerism. This analysis begins with what I believe to be a bug in this app. Consumerism is mentioned by Ferguson as a tool which enabled Westerners to express their individuality, opinions, and ideas. Though this begins with jeans and pop music, the true importance of this app greatly exceeds...
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...ASSIGNMENT 1 | The Global Business Environment | SBUS4004 | | Submitted BY : Md Ramjan Sardar | Student Id.: 1303503 | Date: 04/09/2014 University of Wales Trinity Saint David, London, UK | PESTEL analysis of McDonalds PESTEL analysis is a marketing tool which used to calculate the business essential factors that can largely affect the business since operating time and future of business opportunities .PESTEL stands for * Political factors: Political factor denotes the political environment of any countries which is helpful or against the running of business in foreign markets. Political factors determine the government policies of economy, fiscal year, stability or instability of political situation, labor and environmental legislation and business barriers. In recently government of UK are conscious about the public health reasons so they regulates the fast food industries (2005). Government also examines the situation before giving license of taking franchises as well the tax of the government and future employment opportunities. In that circumstance McDonalds facing the business restriction during providing time of franchise and license. McDonalds also provides UK’s employment areas by providing employment lots of people. In UK the political environment is stable and it provides positive opportunities of McDonalds for running their business and forecasting their business policy for the future. McDonalds are generous of giving tax of government...
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...Assignment 1 Questions Derrick Shoemaker 10/14/2012 MBA6008 - Global Economic Environment Assignment 1 Questions Question 5 page 21 a) Chart of production possibities, the production function shows the relationship between the quantity of inputs used in production and the quantity of output resulting from production. b) Economy is at "C" then automobile will be at "6" and forklifts would be at "19" Notice that the production possibility curve slopes downward from left to right that means that there is an inverse relationship between automobiles and forklifts. So this would be a representation of its shape. c) In the law of opportunity when the slop is steep there's a high opportunity cost for automobiles and low opportunity for forklifts. But that of that it being flat of 3 automobiles to 20 forklifts the opportunity for forklifts are higher to automobiles. d) 1. No 2. When technology improves, when more resources are discovered it will give more output with the same inputs. What I mean is that when technology improves the entire production possibility curve shifts outward. 3. As with technology this would also increase in international growth which would lead to growth in the production curve. This also would state that current production possibilities could outgrow it production curve. Income per year | | Savings per year | | | | 20,000 | | 1500 | 15,000 | | 1000 | 10,000 | | 500 | 5,000 | | 0 | 0 | | -500...
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...Cash Management FIN/486 Cash Management Cash Management is a vital tool for the success of any company. In today’s worlds it is important that companies pay close attention to the cash they are spending and receiving. Effective cash management can offer businesses stability, and it could make them more competitive. Big companies use these techniques and have demonstrated that they can be successful. One company that good with cash management techniques is Wal-Mart. Wal-Mart is one of the biggest retail companies in the world with more than 8,500 stores in 15 countries and sales of $258billion in 2009. In the following paragraphs the different cash management techniques of Wal-Mart will be analyzed and explained. Also with support of examples the effectiveness of the different techniques will be examine, which will help determine ways to improve the company. Techniques The significance of cash management consists of taking the essential procedures to keep up sufficient levels of cash to congregate operational and capital requirements and to gain the greatest yield on short-term investments of pooled, inactive cash. The most important goal of a superior cash management method is to maintain sufficient money to meet the daily cash necessities of the company at the same time as increasing the amount accessible for investment. Also it is helpful to receive the greatest earnings on invested funds while make sure their safety. One cash management technique that Wal-Mart...
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