...Assignment Two: Final Paper Heather Smith Jour 3400 April 28, 2010 The largest paper company in the world sits right here in Memphis, Tennessee, International Paper Company. They manufacture in North America, Europe, Latin America, Asia and North Africa. International Paper was established in 1898 and has grown to house 113,000 employees. The company achieves their success from the goals they stand for: “Good corporate governance is the foundation upon which we build and achieve our goals. We create an awareness of the importance of diversity, ethical behavior and personal integrity, which are our foundation. We support hundreds of community-based educational, civic and cultural activities. We deliver the most current International Paper news to the media. We work in synergy with customers to deliver solutions that positively impact supplier diversity efforts” (http://www.internationalpaper.com). International Paper’s hard work ethic and motivation holds a great deal of their success as well. The company has a perspective called the “IP Way” which infers “International Paper is committed to continuous improvement in everything it does, and the key is the people who make up the company” (History of International Paper, 2006). The public they target is the workforce and workplace. The company puts a lot of focus and emphasis on diversity. They strive to promote the importance of diversity in the workplace...
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...Case Study – International Paper Company I. Company Profile and Analyses of Industry International Paper Company (IP) is one of the world’s largest manufacturers of paper and paper products. Their products include a wide variety of paper products, consumer packaging materials, industrial packaging materials, and pulp products. In addition, IP collects and recycles recovered paper. History IP began in 1898 as a merger of 17 pulp and paper mills from Massachusetts to New York. IP led the newsprint industry until 1913, when trade regulations revised to promote Canadian imports and later, in 1921, labor conflicts within IP contributed to a decline in IP’s market share. However, IP rallied by creating a Canadian subsidiary, expanding into the South by acquiring and building new mills, consolidating its northern operations, and diversifying its product line from primarily newsprint, to book and bond products, and later, corrugated containers. This diversification aided IP in surviving the Great Depression, and continued through the 1930’s. IP continued to reap profits and expand the company through the 50’s and 60’s, into North American and overseas, eventually expanding into places such as French West Indies, Mexico, and France. The 1970’s found IP divesting itself of several plants and mills, and in 1976, J. Stanford Smith, facilitated a major company reorganization revised the geographic area divisions into business units dedicated to a specific function or product. Over the...
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...yields by 2004. The company had three main product segments which include pulp products like bleached and unbleached Kraft pulp; forestry products like pulpwood; and wood products like lumber and remanufactured wood products. In 2004, the company wanted to invest more to get more development. The company was facing alternatives: one was forward integration moving into paper manufacturing; the other one was horizontal expansion investing US $1 billion to construct a new state-of-the-art chemical pulp plant. 2. Situation According to the case, we can see that the competition in the pulp industry is strong. First, the competition of existing competitors in market pulp was strong. From the case we can get that most of the large companies were involved in backward integration to produce the pulp for their paper themselves. Most major companies had their own forests, pulp mill, paper manufacturing facilities and even their own distributions. These vertically integrated pulp and paper companies produced 142 million tons of pulp out of the 183 million tons produced worldwide. There were some smaller local paper firms that still purchased the pulp from suppliers like Arauco based on their needs. For Arauco, it can only...
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...BUSA 3000 The Turks and Caico Islands: More Than a Getaway Offshoring can be defined as the practice of moving employees or certain business activities to foreign countries as a way to lower costs and avoid taxes. In most recent years, offshoring has become extremely popular worldwide. Arguably one of the most dominate places for offshoring, Turks and Caicos has made offshoring one of its key sources of income. Turks and Caicos is not only one of the most beneficial places for businesses to offshore, but is also a leading contender in offshoring when compared to prominent countries. The Turks and Caicos Islands offer far more than sunshine, an easygoing lifestyle, and friendly residents. In recent years, these Caribbean islands have definitely established a reputation in the world for offshoring. For some time now, I have heard how magnificent this island was, but never had thought to look more in detail about it. As a British Overseas Territory, the Turks and Caicos Islands comprise an archipelago of eight main islands in two groups. Turks is to the east, Caicos is to the west, and has number of smaller cays as its surrounding neighbors (International Business). The foundation of Turks and Caicos’ economy are tourism, the offshore industry and the fishing industry (International Business). The Government encourages tourism because it pulls in more than 1,000,000 visitors a year. One can only imagine the amount of revenue gained from tourist alone. If tourists contribute...
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...20.3 Revocation of Acceptance Roy E. Farrar Produce Company (Farrar) was a packer and shipper of tomatoes in Rio Arribon County, New Mexico. Farrar contacted Wilson, an agent and salesman for International Paper Company (International), and ordered 21,500 tomato boxes for $0.64 per box. The boxes were to each hold between 20 and 30 pounds of tomatoes for shipping. When the boxes arrived at Farrar’s plant, 3,624 of them were immediately used to pack tomatoes. When the boxes were stacked, they began to collapse and crush the tomatoes contained within them. The produce company was forced to repackage the tomatoes and store the unused tomato boxes. Farrar contacted International and informed it that it no longer wanted the boxes because they could not perform as promised. International claimed that Farrar had accepted the packages and must pay for them. Who wins? International Paper Co. v. Farrar, 102 N.M. 739, 700 P.2d 642, Web 1985 N.M. Lexis 2000 (Supreme Court of New Mexico) Farrar contracted Wilson for an order of 21,500 boxes capable of holding twenty to thirty pounds each used to ship Farrars’ tomatoes. Farrar used 3,624 boxes upon arrival to pack tomatoes which according to Farrar failed crushed the packed tomatoes. Farrar reacted by attempted to cancel the contract. International(Wilson) thinks that Farrar already accepted the boxes and should be held to pay for them. For revocation of acceptance we must confirm that the goods are nonconforming or the nonconformity substantially...
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...has been around. This paper will evaluate all aspects of Caterpillar’s organization. The paper will explain the culture of Caterpillar’s organization (values and norms), their ethics in international dealings, foreign direct investment, entry into markets, accounting practices, how they convert currency, their international strategy, their strategic positioning, and their marketing tactics. After reviewing all areas of Caterpillar’s organization the reader will be able to understand why Caterpillar is the global leader in their industry. History of Caterpillar Caterpillar has been established for over 85 years and continues to grow strong. Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company is also a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services. Caterpillar’s has made progress in creating change for the better all over the world. Caterpillar began under the name of Holt Manufacturing Company and started out in San Francisco California (Caterpillar Inc, 2013). In 1925 Holt Manufacturing merged to form Caterpillar Tractor Co. Over the years Caterpillar continued to develop tractors along with motor graders, blade graders, elevating graders, terracers, and electrical generating sets. In 1950 Caterpillar established its business overseas in Great Britain...
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...Abstract This research looks into the reasons that lead us to believe that international trade positively and negatively affects our economy. It gives examples of how global businesses use international trade to help them provide better services. It also provides the reader with an understanding of how international trade can increase capita per household. The paper also defines the argument that people not in favor of international trade frequently have. INTERNATIONAL TRADE’S POSITIVE AND NEGATIVE EFFECTS ON THE UNITED STATES ECONOMY Many have questioned over the years if international trade was truly helping the United States domestic economy or destroying it. Trade certainly has its way of bringing countries together and in the process it also provides an easier mean for companies to get the supplies that they need. However, it also tends to outsource jobs to other countries which take away from our country’s economy in a way. I am going to discuss the positive effects of international trade that help develop our country, and the negative effects of trade that give our country a disadvantage, the arguments between both sides, and then I am going to decide in my opinion whether international trade is advantageous for our economy or disadvantageous. Before discussing the effects on International trade is important to visit the background of why countries need to trade in the first place. Domestically countries cannot produce every item that they may need all by themselves...
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...main governmental programs, Bureau of Maritime Affairs (BMA) and the Liberian International Ship and Corporate Registry (LISCR), and it is because of these two programs that it is ranked number one for safety, customer service, and quality. The main efforts of the program are driven by developing avenues for strategic partnerships and infrastructural development and growth for the Liberian government. The mission statement for this company further states, “We pride ourselves on assuring Safety, the Welfare of Seafarers, the protection of the Marine Environment, and the preservation of quality service to our clients.” This paper is going to give a detailed description with evidence to show exactly why the Liberian Maritime Program is one of the world leaders in off shoring. 2. Evidences: 3.1. Safety/Quality: The Liberian Administration goes to great lengths to ensure that safety in all aspects is carefully being implemented to the crew, goods, etc. by working closely with its clients. Some of the effective procedures to ensure safety that the security department implements are: issuance of certifications, approval of ship security plans, verification of the security plan implementation, setting and communicating security levels to Liberian ships, and development of Liberian requirements for International Ship and Port Security (ISPS) compliance. Accidents are inevitable when conducting business like this, but when maritime accidents happen...
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...(1)INTRODUCTION When doing business in an international scale, it is important to understand what international business really means. Therefore according to Rugman & Collinson (2012) international business can be defined as “The study of transactions taking place across national borders for the purpose of satisfying the needs of individuals and organizations. Some of the well known International businesses (MNE’s) are Wal-Mart, Toyota Motors, General Motors and Volkswagen for their performance, moreover annual revenue. Decisions with regard to movement in to global arena should be taken with care as there is certain degree of risk involved. There should be value in moving to different markets (eg- An organization may lack the skills needed to make use of the potential-Integrate R&D activities or incompatible cultures The cost of managing complex infrastructure should not –outweigh the benefits of increased scale Some industries posses’ particular globalization challenges for example companies operating in the manufacturing sector (automobile makers) often faces complexities in integration and particularly vulnerable to economic slowdowns which reduces their ability to expand. (Alexander & Korine, 2008) According to Wall & Rees (2004) the factors to be considered when investing abroad can be classified in to four areas-Supply factors, demand factors, Political factors and others. Under supply factors, production costs, Distribution costs and access to key technologies...
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...International Business Sales of Rolls-Royces which is a premium luxury car has trebled from 10 to 37 units, closely followed by Ferrari, which doubled its sales volume from 32 to 64 units this recent months. At the other end of the market, Proton sales fell by almost 40 per cent from 413 to 256 units, while Chery sales fell tremendously by more than half from 309 to 139 units. The story was similar among the German luxury makers such as BMW increased sales by almost 20 per cent from 3,926 to 4,708 units, neck-and-neck with Mercedes-Benz, which increased sales by 18per cent from 3,997 to 4,705 units. By contrast, the sales of traditional market leader Toyota slumped by over 60per cent from 17,555 to 6,927 units. Traditional number two Honda suffered an even sharper drop - by almost two-thirds, from 9,584 to 3,272 units. Hence the reason for the shift in the pattern of demand must be the price of COEs. Generally, car buyers pay more (in total) and bear part of the COE price, while car dealers earn less profit margin and also bear part of the COE price. What matters most is the price sensitivity of car buyers and dealers , If car buyers are relatively price sensitive, then dealers must bear more of the COE. If car buyers are relatively price insensitive, then dealers can pass on more of the COE to buyers, hence many buyers in Singapore are more willing to spend more on luxury cars as they can afford easily. Buyers of BMW and Mercedes cars are probably less sensitive to price...
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...Azerbaijan State Oil Academy MBA Programme International Business Environment SYLLABUS Instructor: E-mail: Term: Class Day(s): Total course duration Mehriban Kerimli mehriban.k@gmail.com Autumn 2014 Thursday, 1830 51 hours REQUIRED TEXT: International Business: The New Realities, by Cavusgil, Knight, & Riesenberger COURSE DESCRIPTION This course provides an overview of the environments, markets, institutions, challenges, strategies, and operations of international and cross-cultural business; the globalization of business and associated challenges posed for the competitiveness of the modern enterprise; and the orientations, strategies, and tactics appropriate for international business success. COURSE OBJECTIVES: Upon conclusion of this course, diligent students should: become sensitized to the urgency and challenges of international business; have a substantial understanding of the fundamentals of international business with respect to the environments and consumers in major world markets; understand basic managerial requirements for the successful performance of firms in international business; be able to fit in quickly and perform in the international business operations of any firm. The case is not a team project and must be completed independently. CASE To facilitate learning about real-world international business and help improve your writing ability, you will be assigned one case from the text to write up. In writing up the case, your task is to respond to all the questions...
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...Management COURSE OUTLINE ATW 395/3 – International Business Lecturer: Dr.Shankar Chelliah (DBA) Day/Time/Venue: Monday/9.00-10.50am/DK S email: shankarchelliah1@gmail.com Tel: 04 653 3426/012-4618731 Office: Level 2, Room 216, School of Management COURSE SYNOPSIS The course aims to introduce the core knowledge of international business as a core subject in the bachelor program. The students will be exposed to globalization, international business theories, government intervention in international business, emerging market, foreign market entry strategies and the existence of regional economic integration that affect international business. COURSE OBJECTIVES The objectives of the course are: 1. To enable students to understand the impact of globalisation and the key issues facing international businesses 2. To explain the environment in international business such as politics and law, emerging market and the regional economic integration 3. To make students appreciate the existence and use of fundamental international business theories and its evolution 4. To enable students to understand the various entry modes available to capture international market LEARNING OUTCOMES At the end of the course, students will be able to: 1. Acquire the pre-requisite knowledge of venturing a business at international level and describe the key concepts that driving globalization 2. Comprehend the environment of international business where the firm operates, and the challenges...
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...Portland State University School of Business Administration MGMT 446 – INTERNATIONAL MANAGEMENT Fall, 2011 Dr. Sully Taylor Office hours: 3-5 Tuesdays and by appointment. SBA 560C; email: sullyt@sba.pdx.edu Phone: 503 -725-3761 COURSE CATALOGUE DESCRIPTION AND PREREQUISITES: Study of the managerial functions and problems related to international business activity. The focus of this course is on the management of foreign trade, direct investments, and international operations. In addition, the political, economic, and cultural environments of international business are examined from the perspective of management. Comparative management is also treated through the study of other management systems. Prerequisite: BA 302. COURSE LEARNING OBJECTIVES: 1. To familiarize you with the major management issues organizations face when conducting business in the international arena. 2. To familiarize you with the major concepts concerning adapting management approaches to other institutional, economic and cultural environments. 3. To engage in research and learning that deepens your knowledge and understanding of other economies in the world and how to do business there. 4. To develop your ability to understand, analyze, and anticipate how international events may affect US based business organizations. REQUIRED TEXTS AND MATERIALS: International Management: Managing Across Borders and Cultures. 7th edition. Helen Deresky. Prentice Hall. Companion...
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...BUSA 3000 / Globalization and Business Practices Wednesday 7:15pm- 9:45pm ADL 224 Fall 2013 INSTRUCTOR: Dr. Evaristo Fernando Doria Cell 408.348.4217 Email: edoria@gsu.edu Office: J. Mack Robinson College of Business / 35 Broad Street / Floor 14 / Suite 1419 Student Office Hours: Tuesday and Thursday 4:00pm to 5:00pm. Request always an appointment to edoria@gsu.edu. Email during this course for assignments and exchange of information: busafall2013wednesday@gmail.com. All emails will be answered by instructor within 7 working days. If not, please contact instructor asap. [pic] @edoriaGSU This is my Business Newsletter for my Current and Former Students. You are invited to follow it. It will provide you with information about new job opportunities, business advice, global news, and other topics. TEXT and REQUIRED READINGS: Soft Cover available at GSU Bookstore: International Business: Strategy, Management, and the New Realities by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger, Pearson Prentice-Hall, 2012. (ISBN 9781269390705.) Hard Cover includes material to be taught at IB 3090 course: International Business: Strategy, Management, and the New Realities Third Edition by S. Tamer Cavusgil, Gary Knight, John R. Riesenberger, Pearson Prentice-Hall, 2012. (ISBN 9780132991261.) Also Required: Reading the business section of foreign newspapers for your assigned country and other information sources about this country (suggested places to start: http://www...
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...Syllabus International Business 1 (IB-1) 2012-2013 1-IBMS 1. INTRODUCTION This International Business (IB-1) course is designed to provide students with a basic understanding of the international business environment. In order to be successful, IBMS Students need to familiarize themselves with the basic concepts and definitions of today’s competitive business world. Students must become aware of the major actors and forces that help shape the international business context. The course covers a variety of topics, which include the theoretical foundations of global trade and investment, the political environment, foreign direct investment and market entry, international business strategy and operations. The course is structured around lectures and workshops. Students are expected to attend all lectures and workshops. In the lectures, students will learn about the field of international business. In the workshops, students are expected to present and discuss international business cases. These business cases provide helpful examples and insights towards an understanding of the International Business theory taught in lecture classes. Students are encouraged to contribute to meaningful discussions, develop the ability to defend their position and apply knowledge to “real life” situations based on the cases presented in class. Attendance IB-1 is not a spectator sport. Attendance and contribution accounts for 10%...
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