...industry location. This paper illustrates the major factors that should influence such decisions. There are several types of observations, how to decide for a specific location for a company. This dicision depend strongly on the activities of the company, in other words with what type of business profile this company identifies itself. There are two major categories in our global observation what a company can be. The first one is the firms that have industrial backround, like goods production. Second one is companies that are based on service. This second category is not descused in this paper due to the less importance of the site selection decision, because it doesn’t matter whether the whole business process is situated at the same location. The communication technologie open the facility to be successfully performend even on different continet. In this paper I will be focused on the industrial corporates that is willing to take the decision of locating its factory somewhere in the global/international trade zones. Introduction How many factores and what factores are the key criterias that influence corporates’ international location decision? A key decision corporations must make is conpanies’ location selection. The attantion has been increased regarding taking such decision, as companies begin to take in concideration how its location can affect the performence and future prospects for a...
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...Building an International Company Name University Abstract An international company is any company that has its facilities and other assets in at least one country other than its home country. A successful company understands the meaning of competition which has caused them to actively fight for new markets, products, and services in order to sustain a competitive advantage. A company that has obtained success in its country of origin usually expands their services into the global economy to become an international business. These companies effectively control their financial and material resources by managing economies of scale, low cost production and fluctuations in currency. Human resources are also essential in the making of a successful company by recruiting talented individuals and encouraging innovation within the company. International companies can expand organically, which is a slow process that consists of building the business from ground up, or they can expand inorganically by buying out, or merging with, an existing business. If I had to create a new product idea, I would want to invent a new way to produce cheap efficient energy for the need of the masses. I would expand the company to international status using the inorganic global growth process. Due to advances in technology, and in today’s business market, most businesses have to compete globally. “These companies actively compete for new markets, products, and services in order to develop and sustain...
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...globalization, international business transactions are busy than before century. The transactions method in goods are not only limited to the traditional. Especially the e-commerce are bring out the brand new transaction method to buyer and seller. They don’t need the entity shop for transaction. They can through the e-commerce platform such as e-bay or Tao Bao to do the business. Due to e-commerce rise up, the need of logistic business are increase. As an important part of logistics industry, the express industry has benefited the most from economic development and grown into a booming industry. Big profit return, huge potential as well as lower market entry barriers attract enterprises within the same industry and the outside ones. Bright perspectives drive the competitors, including state-owned enterprises, private enterprises and foreign enterprises, into a fierce competition. This article mainly discuss three logistics service providers: FedEx (USA), Maersk Line (Denmark) and Shun Feng Express (China) Federal Express Corporation (FedEx) Background: Federal Express Corporation (FedEx) is an international express delivery group, providing overnight courier, ground courier, heavy cargo , file copying and logistics services . The headquartered in Tennessee In the first beginning, FedEx provide services to 25 cities after moved to Tennessee, but difficulties, however, a few years later, the business started to improve. In July 1975, the company begin to earn the...
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...LAWS FOR INTERNATIONAL COMPANIES IN SWEDEN INFORMATION ABOUT THE REGISTRATION * Company outside and inside the European Union may need to register their business with the Swedish company registration office. A foreign company with the European Economic Area that conducts temporary operations with services in Sweden does not need to register. * A minimum pf SEK 50,000 of share capital is required to start a private limited company and SEK 500,000 for the public limited company. * All companies that carry on a business activity are required to maintain accounting records under the Swedish Accounting Act (Bokföringslagen) and to comply with the Generally Accepted Accounting Principles. * The name of a branch in Sweden should include the word filial which means subsidiary. * If the overseas domiciled within the EEA, it is only required to submit a copy of the overseas company’s annual report translated into Swedish. * If the overseas company or branch has not handed in the financial statements for the two previous years, the Bolagsverket (Swedish Registration Office) has the authority to, without prior notice, deregister the branch in Sweden AUDITING GUIDELINES * The auditor of the branch must be a certified accountant. * A branch needs to have an auditor if it meets at least two of the following criteria, for each and every one of the two most recent: * Average of more than 3 employees. * A balance sheet total exceeding SEK 1.5 million...
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...Building an International Company Michael Barton Multinational Management Building an International Company 08/13/2014 The company that I have chosen to write about is Dell. This is a multi-national computer company which sells computers and other electronic devices such as tablets. Dell began as an unconventional PC start-up company which eventually grew into one of the largest globally competitive computer companies in our current market. Dell was founded by Michael Dell when he was just 19 years old; he started PC limited with a $1000 dollars and a game changing vision of how technology should be developed, manufactured and sold. Because of Michael Dell’s vision the company soared to one of the top five companies in the world between 1992 and 1995. Around 1996 is when Dell rapidly expanded its global operations by taking their sales online; they then set the bar for e-commerce sales worldwide. Sometime around 2000 is when Dell became the number one computer manufacturing company in the world (www.dell.com). The greatest success that Dell has had throughout the years has been thru their innovation. In the computer industry innovation is the number one key to remaining successful. Year after year you must create new products that will appeal to consumers out there. Dell has done that year end and year out and they have been able to remain a leading computer sales company alongside other big computer companies such as Apple and Microsoft. Being innovative...
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...How International Differences in the Ownership and Financing of Companies Could Lead to Differences in Financial Reporting Introduction The major objective behind the development of International Financial Reporting Standards (IFRSs) has been to achieve financial reporting across different countries, which could be easily compared. In order to achieve this kind of comparability, it is very crucial that the IFRS be used by all the countries involved in the same way, and that these standards be interpreted as well as applied in a manner that is quite consistent in these countries thus leading to consistency in terms of rules or form of application and consistency in the actual manner in which they are applied. However, there are many factors that make it hard for countries and companies to apply these rules consistently (Whittington, 2005). Differences in the ownership structure and the way these companies are financed have been singled out as leading to the differences in financial reporting of these companies. In cases where countries do come up with very drastic changes or the professional accountants also fail to clearly interpret and use these IFRS in a manner that is consistent, then there is the risk of not achieving comparability. The differences in accounting practices across countries are not obvious when it comes to all accountants. Such differences that have been widely noted have to do with the ownership and financing practices of companies, which have the...
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...www.ccsenet.org/ijbm International Journal of Business and Management Vol. 7, No. 3; February 2012 Adoption of International Financial Reporting Standards in Developing Countries: The Case of Nigeria Abdulkadir Madawaki College of Business, Universiti Utara Malaysia Sintok, 06010 Kedah, Malaysia E-mail: abdulkadirmadawaki@yahoo.com Received: September 16, 2011 doi:10.5539/ijbm.v7n3p152 Abstract The study focused on the adoption process of International Financial Reporting Standards (IFRS) on a developing economy, with particular reference to Nigeria. The paper is based on the data obtained from literature survey and archival sources in the context of the globalization of International Financial Reporting and the adoption of International Financial Reporting Standards (IFRS).Nigeria has embraced IFRS in order to participate in the benefits it offers, including attracting foreign direct investment, reduction of the cost of doing business, and cross border listing. In implementing IFRS Nigeria will face challenges including the development of a legal and regulatory framework, awareness campaign, and training of personnel. Recommendations were made to forestall such challenges which include strengthening education and training, establishment of an independent body to monitor and enforce accounting and auditing standards. Keywords: Financial reporting, Adoption, Accounting standard and Developing countries 1. Introduction Globalization of capital markets is an irreversible...
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...CRITICAL ANALYSIS OF AN INTERNATIONAL OIL COMPANY Name: Course: Lecturer: Date: Contents Introduction 3 Background of Shell Global 3 Evaluation of Strengths, Weaknesses, Opportunities and Threats at Shell 4 Strengths 4 Brand image and market leadership 4 Strategic business model 4 Environmental and social responsibility 5 Technology and innovativeness 6 Weaknesses 7 Decline in hydrocarbon production 7 Misconduct leading to legal intervention 7 Opportunities 7 Investments and acquisitions 7 Increasing demand for liquefied gas 8 Threats 9 Changes in laws and regulations 9 Hostile operating environments and political instability 9 Competitive forces 9 Fluctuation in financial market conditions 10 Conclusion 11 References 12 Introduction The oil industry is one of the most lucrative industries globally, with demand in energy expected to rise with about 1.5% annually, up to a point of 60% in the year 2030. The increase in demand will due by rise in incomes in low and medium economies and increase in world wide oil reserves, (Finley, 2012). The industry impacts all and sundry with products such as fuels for transportation, heating, electricity, lubricants, propane, and clothing amongst others. The industry impact both global security and politics, (Inkpen & Moffet, 2011). In addition to the financial benefits derived from this industry, the industry further benefits economies in terms of employment to individuals across the globe. In the US alone, the...
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...Multiculturalism and the International Company MGMT - 415 American InterContinental University January 13, 2013 Abstract This paper will cover issues that a company may face in a foreign country, as well as what can happen if cultural barriers and diversity is ignored, the importance of diversity in the international arena and the importance of these items in PPQ Parts expansion in Germany and Japan. Multiculturalism and the International Company When it comes to a company wanting to expand their business in a foreign country there are some issues that they may face. A barrier that a company will have an issue with is language, as this is the most important factor and tool for an international business to communicate with their clients. An example of a company having a language barrier issue is Pepsi in Taiwan. Pepsi’s slogan was “Come alive with the Pepsi generation”, which translated in Taiwanese as “Pepsi will bring your ancestors back from the dead”. An error like this can happen when a company is too focused on branding themselves with the same marketing campaign that worked in the domestic market. Words have different meanings in different cultures due to the language spoken. Pepsi’s slogan could have possibly been taken as being offensive and therefore, could have cost Pepsi many new clients in Taiwan. Pepsi could have kept from having this problem by preparing, decentering and recentering the bridge between cross-cultural...
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...faced by the company 8 Entry Strategy 8 Internationalization strategy pursued by the company 10 Possible Strategy Overview 10 Current Environment 11 Conclusion 12 Reference 12 Introduction Today, telecommunication is one of the major parts of life. Nowadays, the phone is not only used for making calls, among many other functions it’s used for communicating through text-messages and so called multi-media messages, as well as to connect us to the internet. The opportunities that lie in the telecom market seem endless and the growing demand for mobile telephony systems is creating a world-wide market. The telecom industry is nowadays not only by means of millions, but by means of billions. Actors in this industry are seeking the most profitable markets throughout the world. Currently there are 6 mobile operators in Bangladesh and Banglalink is one of them. With a slogan of “making it difference”- banglalink started operations in February 2005. Previously, it was known as Sheba Telecom Pvt. Ltd that had been providing GSM (global system of mobile communication) services in Bangladesh since 1998. Orascom Telecom bought 100% share of Sheba Telecom in 2004 and gave its new name as Banglalink. Banglalink, is the second largest cellular service provider in Bangladesh. As of August, 2008, Banglalink has a subscriber base of more than 10 million. It is a wholly owned subsidiary of Orascom Telecom.The logo of the company is designed...
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...Adaptation of International strategy by Fast food companies Table of Contents Executive summary 2 International Strategy 3 International Strategy Opportunities and Outcomes: 3 International strategy Lifecycle: 3 Corporate-Level International Strategies: 4 Strategic Competitiveness Outcomes: 5 Fast food industry overview 5 Market definition: 5 Market value: 5 Market Volume: 5 Market Segmentation 5 Challenges faced by fast food MNCs in India: 6 Porter’s five forces: 6 Other challenges: 7 McDonald’s 7 Some of the strategies that MacDonald’s has incorporated to be successful in the market 8 Kentucky Fried Chicken (KFC) 11 Conclusion: 13 References 14 Executive summary This project report explains about the international business strategies adopted by various MNCs and TNCs with the help of fast food industry. For better understanding of this we took example of McDonald’s and KFC. International business strategy refers to the plans that guide commercial transactions taking place between entities in different countries. This project report takes coverage on opportunityand outcomes of these strategies, along with its lifecycle. There are various challenges faced by MNCs when they enter in new market in different countries, such as social and cultural issues, government regulations, local competitors in that market, acceptability from customer and suppliers etc., business strategies help them to resolve these challenges. With the example...
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...The idea of global marketing, while highly desirable, is beyond the scope of this small start-up company because of the lack of resources and the insurmountable risks to deal with problematic international issues like cultural differences, language barriers, system infrastructures, legalities and finances. As a customer-centric company, the key to survival is customer satisfaction. Identifying cultural sensitivity issues to elicit customer satisfaction at the local level is challenging, because human behaviors are uniquely different; however to entertain this issue on an international front, requires hefty research and development budget. It is fallible to assume that people behaviors are all the same everywhere; therefore, the same customer service model can be used. Language barriers present another international impediment for a small business. According to Becker (2008), “…research have shown that customers are more likely to buy goods and services from Web sites in their native languages, even if they can speak and understand English well” (chapter 1.3, Background section, para. 1). Using language translation software on a Web site is not a viable option as human subtleties, colloquialism and idioms maybe lost in translation to the native reader. Language translators and Web designers who are experts come at a pricey rate. The system infrastructures to support languages are costly due to different encoding schemes. There is not a universal standard code for information...
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...Internet Has Impact on International Marketing of Companies and Consumers Student name: Chuqian Ma Word count: 1457 Date submitted: August 26, 2015 Abstract Companies and customers in international marketing have been changed by internet. The internet influences on companies in three aspects in this article, place, price and promotion, which are elements of Four Ps of marketing mix. The place and price are focus on the cost and supply chain, examples of Zara and Walmart are provided to prove the statements. The promotion of international marketing is focus on advertising channel and communication. Three main things of time, space, efficiency are used to identify the influence on the supply side by internet. Some negative effect such as information explosion and viral campaign are mentioned. As to the demand side, consumers are able to access various information and get more options in purchasing. Buyer behaviors changes along with online shopping. In such competitive marketing environment, companies have to improve their products and services that meet customers’ need for profit gained. The high level adoption of internationalization nowadays offers great opportunities in international marketing activities. As Internet has grown dramatically, more and more companies have realized its unlimited possibilities of development and have been involved in e-business. The purpose of this essay is to illustrate how internet can change the nature of the relationship...
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...What is international business? What are the primary reasons that companies engage in international business? International business consists of all commercial transactions (private or governmental) such as sales, investment, and transportation that take place between two or more countries. Companies` primary reason to engage in international business is to make profit, however government may not be motivated by profit. Firms engage in international business for three main reasons; expanding sales, acquiring resources, and reducing risk. 1- There are more potential consumers in the world than found in any single country, so the companies might try to increase their sales by reaching international markets. 2- Producers and distributers seek out products, services, resources and components from foreign countries sometime because domestic supplies are inadequate or they might want to gain competitive advantage, so they want to cut costs by acquiring special resources. 3- Reducing risk. Operating in countries with different business cycles can minimize swings in sales and profits; they might go international for defensive reasons. 2. Why should domestic managers have an understanding of globalization and international business? What are the current views regarding the future of globalization? Studying international business is important because 1- most companies either are international or compete with international companies. 2- Modes of operations may differ from those used ...
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...the course very well. Without his guidance the report would have not been possible. I would also like to thanks Mr. Hassan Ameen, the owner of Cherry International in co-coordinating with us. Introduction [pic] Cherry International was established in 1978 in Karachi to produce yarn, all for export to Japan, Europe and United States of America. Yarn was exported to the Far East. In 1981, Cherry International began to produce poly cottons and poly viscose for the local market. From 1983-1991, it catered to the domestic market only, because of heavy import duties on fiber. In 1994, synthetic and blended fabrics were exported. Cherry International believes that business relationships are built on the basis of trust and partnership. This is the maxim for their creative dialogues with clients, business friends and employees. Satisfied clients are our top priority. It is their objective to develop and apply new technologies in order that their clients have a competitive edge. Their client support services and product quality are a result of this strategy. Cherry International, provides following services to their valuable Clients, • Spinning • Knitting • Dyeing & Printing of Woven and Knitted Fabrics • Designing • Stitching Company’s Code of Ethics Cherry International believes that honesty, integrity and fairness are all aspects of business and expects the same from all those with whom they do business....
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