...Title: International Business Trade Course ID: 5205/C Professor Name: Manfred Brauchle Submission Date: 29.12.2011 Albanian Business Environment & International Market Integration Constrains Research Paper TABLE OF CONTENT Abstract Introduction 1. Albanian Business Environment Data 2. Albanian Business Law and its Consequences on Domestic /Foreign Business Environment 3. Key Risks Threatening Business in Albania 1. Domestic Political Situation 2. Inflation /Taxes & Price Effects 3. Population and Business Distribution Geography 4. The Immigration and its Impact on the Economy and Business Demand 5. Global crisis – Greek & Italian Crisis 4. Conclusions 5. Literature Abstract This paper provides an overall picture of the business environment difficulties of East European Countries, through the concrete case of Albania, towards new political & economic changes in parallel with global changes. It will consider the type of businesses operating within the country, the market environment fragility & volatility, several types of risks present, the impact of Euro versus domestic businesses and joint ventures within Albanian market and the most evident barriers that domestic business has in order to act internationally. Introduction Change in Eastern Europe, in early 1990’s,...
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...Market Environment The market environment refers to the ability of an organization to build and keep relationships with clients. To determine what possible factors could hinder this, it is important to outline and explore possible negative outside factors that could affect the process of building these relationships. Current Economic Situation It is hard to watch the news or read the newspaper without hearing about how bad the current economy is; however, to further explore this, it is important to have an accurate look at the current economy. To find out what is really going on, there are several sources to look at. First, is a government’s website, www.bls.gov, for the Bureau of Labor Statistics. This is relevant information in that it shows current measurements like the unemployment rate. According to their website, the unemployment rate has gone down every month for the last six months. This is a good sign for the economy. While looking at these statistics provide a good glimpse at the overall economic condition, it is important to check other sources to see if they are reporting similar economic conditions. A quick search brings up resent articles from sources like “Business Week,” “Bloomberg,” and “The Wall Street Journal.” All of these articles seem to indicate a recovering economy. The economic outlook seems to be in the recovery stage and could continue to strengthen making a perfect economy to launch a new product. Competitors and Competing Products ...
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...Nonmarket Strategy Lidia Brito What does the nonmarket environment of business consist of? To understand the difference between business’s market and nonmarket environment is important to define a coherent strategy for both setting. Basically, those differences are that nonmarket strategies are based on information and values, instead of the monetary value of goods that are considered when thinking about the market. Businesses are more than economics agent, because businesses somehow represent political and social interests, which are linked with the government system, the society and politics. So, that’s why managing certain problems and individuals is imperative to reduce the risk of being hemmed in by external factors, and to create business opportunities. Even when those issues seem to not add value In order to have more success it’s recommended to involve others to become stronger as a cooperative matter if the businesses’ environment is shared, although a party is not connected directly with the issue. Nonmarket strategy is specially needed when companies have a global approach because four mainly reasons: 1. They have to manage simultaneously and fit different social and political panoramas 2. Nongovernmental organizations are becoming global as well as commerce 3. Governments are more aware of being able to adapt regulations so that they get more control 4. Nonmarket strategy h...
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...Canadian Business Environment Market and Nonmarket Environments Any issues or changes that happen in one of these environments can directly cause change to the other. Since both of these are so closely related and to a great importance for a firm to run successfully, they have put more focus on managing both aspects of the company. The interrelationship between the market and nonmarket environment is heavily based on the role of management. Since a firm will operate in both the market and nonmarket environments, managers are there to measure the impact one has on the other. The issues found in the nonmarket environment are directly related to the market environment of the firm. The nonmarket environment is a little more difficult to control than the market environment, but each firm is aware of the importance of running sufficiently in both aspects in order to be successful. As shown in figure 1-1 (Baron p. 3), the relationship that the nonmarket and market environment has. Market environment determines the significance of nonmarket issues to the firm. Nonmarket environment shapes business opportunities in the market place. Analysis of the Nonmarket Environment When analyzing the nonmarket environment of an organization the main focus is the four I’s that characterize the organization. The four I’s consists of Issues, Interests, Institutions and Information. The issues aspect is the main part of the nonmarket analysis, issues of a firm can be very vast, and they...
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...Management Market and Nonmarket Environments Any Issues or Changes That Happen in One of These Environments Can Directly Cause Change to the Other. Since Both of These Are so Closely Related and to a Great Importance for a Firm In: Business and Management Market and Nonmarket Environments Any Issues or Changes That Happen in One of These Environments Can Directly Cause Change to the Other. Since Both of These Are so Closely Related and to a Great Importance for a Firm Canadian Business Environment Market and Nonmarket Environments Any issues or changes that happen in one of these environments can directly cause change to the other. Since both of these are so closely related and to a great importance for a firm to run successfully, they have put more focus on managing both aspects of the company. The interrelationship between the market and nonmarket environment is heavily based on the role of management. Since a firm will operate in both the market and nonmarket environments, managers are there to measure the impact one has on the other. The issues found in the nonmarket environment are directly related to the market environment of the firm. The nonmarket environment is a little more difficult to control than the market environment, but each firm is aware of the importance of running sufficiently in both aspects in order to be successful. As shown in figure 1-1 (Baron p. 3), the relationship that the nonmarket and market environment has. Market environment determines...
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...1. Analyze the marketing environment and the forces shaping eBay´s business over the years. EBay handles all type of products, all depending on what do their sellers are offering. Those sellers are common people that want to sell something on the internet, but they have to register on the page and must pay some fees to enter. EBay compete with many other companies like Amazon, Walmart, etc. Those are companies that offer a similar service and are organizations that maybe are a little more positioned on the market. If we analyze the market environment and the forces we must add that the products that are being offered in the web must be cheaper and they must have something special and attractive for the customers. There must be something that buyers can’t find on a usual store. As we know, the internet is being nowadays one of the bigger ways of doing business. That´s why eBay has a big responsibility with the buyers and all people that have access to them. 2. How has the change in the nature of eBay sellers affected the creation of the value for buyers? They lost the empathy that they had with the traditional sellers. Maybe the buyers were used to the nature that the traditional sellers were attending them. They created a value with that kind of treatment and they were happy, satisfied and comfortable with the idea of buying in eBay. That is the reason of what everything went down; everything was going good, good profits and happy buyers. That change in the nature of the eBay...
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...OBJECTIVE TYPE QUESTIONS & ANSWERS WITH KEY TO THE ANSWERS 1. Who is responsible for providing funds to Imprest Holder a) Imprest Holder b) Officer Commanding c) Field Cashier d) None of the Above 2. Who is responsible for auditing Imprest Account a) Imprest Holder b) Officer Commanding c) Field Cashier d) Concerned PAO 3. The objective of PAO (Ors) is a) to maintain pay & provident fund account of Commissioned Officers b) to maintain pay & provident fund account of JCOs/NCEs/Ors c) to maintain pay & provident fund account of DAD employees d) to maintain pay & provident fund account of state govt. employees 4. The objective of PAO (Ors) is a) to advice Central Govt. on general budget b) to advice Record Officer/Centre Commanders of matters relating ot pay & allowances of JCOs/ Ors c) to make cash payments to PBORs during emergency d) to issue movement order 5. IRLA system of pay accounts of all JCOs/Ors/NcsE is maintained by a) Regional CDAs b) Army Head Quarters c) PAO (Ors) d) Record Office 6. IRLAs are finally closed for the personnel who become a) NCO b) JCO c) Lance Naik d) Non effective 7. what is the objective of Central Control section of PAOs a) to advice Central Govt. on general budget b) to make cash payments to PBORs during emergency c) to issue movement order d) to coordinate the technical/ accounting function of ledger groups 1 CDA BANGALORE 8. Central Card Index of manually maintained & non effective...
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...Ta’Kita Boykin REI Marketing Environment Worksheet List the current characteristics of each environmental factor as they relate to REI. U.S. Economy How does the current U.S. economy affect REI retail operations? 1. If the economy was in a depression, people would begin saving money and limiting their spending habits, which in turns results in a decrease in online/in-store purchases for REI because the value of their goods/products would have to increase. There will less buying for some goods and supplies which decrease the company’s sales and revenue. 2. Employees within the companies would lose jobs (turnovers) or employees making less money. Global Economy How does the current global economy affect REI retail operations? 1. If some products or goods were bought or traded from another country and the currency values were increase, REI would have to purchase these items at a higher price also and the scope of REI’s prices would decrease because customers would realize that the prices for what they want are too expensive and not want to buy them. 2. Fair Labor. REI has joined with other associations such as Outdoor Industry Association (OIA) and Fair Factories Clearinghouse (FFC) to crack down and ban fair labor violations. Legal and Regulatory Environment What types of legal and regulatory forces affect REI in the U.S.? 1. Consumer privacy. By REI customer’s using their social security numbers, credit cards, checks, and debit cards to make purchases...
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...UNIVERSITY OF PHOENIX BRM/353 Your product was just introduced to a big box store. Provide advice to your retailers on how to merchandise your product and brand to maximize sales. The first request would be to know my product – how to use it, maybe taste for themselves. Say it is a new dip for chips, veggies, etc. the other request would be to have an in-store taste test for new consumers – they can have the option to eat it with vegetables, chips and crackers. Another request would be to have a display as consumer enter the store suggesting that the product is a good addition to family gathers, holiday cookouts or during a game party. Your product has been on the market for a year and a new competitor has introduced a similar product, at a lower price, made in China. Discuss what marketing tools should be used to improve product and brand performance to react to the competition. Suggestions to develop new product features and options as well as create new packaging. Manage to maintain a high level of demand without cutting or discounting prices. Promote a more aggressive advertising campaign to increase brand awareness and preference. Your product has been identified in a leading consumer reporting magazine as having poor quality; your brand has also come under attack by a consumer advocacy group because of ethical concerns. Nonetheless, demand is at an all time high. How might you react to this situation? I would first get public relations involved to speak...
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...placement were defective and because that explosion case after their pickup was struck on the side by another vehicle. And those assumptions were proved by the GM engineer who is testified that GM company hidden the knowledge of this dangerous safety defect, but GM try to block his testimony because they had known for years and refused correct it for fear of alerting the public. Moreover, the provided videotapes of GM’s own crash tests between 1981 and 1983 showed that it’s truly dangerous when the pickup was stuck on the side by another vehicle its gas tank broke open. b. Interest Car buyers, Medias and the other car manufactory like Ford and Dodge. As we know, this case is a famous nonmarket environment case. And one of the important factors that changes in the nonmarket environment is interest group activity. After the Moseley case, the car...
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...Whole Foods Market Business Environment MGT/541 March 19, 2012 Jeannette Singh Whole Foods Market Business Environment Whole Foods Market specializes in offering organic and natural food and product across North America, Canada, and the United Kingdom. Currently ranked 273 in Fortune 500 companies would appear to be a good company to invest in. Prior to investing, the duties of a mutual fund manager are to examine the business environment of a potential investment. The documents that need examining are the income statement, balance sheet, and cash flow sheets. This analysis will aid in the determination of the financial health of Whole Foods Market. A comparison of Whole Foods Market with two competitors—United Natural Foods and Hain Celestial Group—will be completed. Technology is important within a business environment; therefore, the strength or weakness that Whole Foods Market has will also be discussed along with globalization. The paper will conclude with a benchmarking analysis of Whole Foods Market against United Natural Foods and Hain Celestial Group. Financial Health Every public company trading on the New York Stock Exchange is required to file quarterly and annual statements regarding financial records. To analyze the financial health of Whole Foods Market as a potential investor, I could access the United States Security and Exchange Commission (SEC) filing dated January 15, 2012. The key factors of a financial statement according to William...
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...Sports Direct Under Fire Over Work Conditions At Company’s Derbyshire Headquarters Ambulances were called out to the Shirebrook, Derbyshire Sports Direct warehouse more than 81 times in the last 2 years. An investigation has been ongoing regarding the work conditions at this firm. BBC has revealed that there were 36 incidents that happened to be life threatening, which was said by staff that were afraid to take time off for being sick. The sportswear company that was founded by Newcastle United owner Mike Ashley, has been criticized for employing 20,000 workers on zero-hours contracts, which accounts for around 90 per cent of the workforce. Among many of the serious incidents that were revealed in the investigation, was a 52 year old man who suffered a stoke at the warehouse’s canteen. His daughter revealed to BBC news that her father was not willing to take the day eve though her had flu like symptoms. She said: “He was so worried about his job he was even scared to take one day sick. What is happening there is not normal.” She added that the family does not blame Sports Direct for his stroke, which left him partially paralyzed. She said people felt they had to work despite feeling unwell for fear of a “six strikes” policy, in which anyone who gets six warnings in six months will lose their job. It is alleged that warnings are issued to workers for taking long toilet breaks, excessive chatting and for having time off for sickness. The chairman of the company, Keith Hellawell...
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...placement were defective and because that explosion case after their pickup was struck on the side by another vehicle. And those assumptions were proved by the GM engineer who is testified that GM company hidden the knowledge of this dangerous safety defect, but GM try to block his testimony because they had known for years and refused correct it for fear of alerting the public. Moreover, the provided videotapes of GM’s own crash tests between 1981 and 1983 showed that it’s truly dangerous when the pickup was stuck on the side by another vehicle its gas tank broke open. b. Interest Car buyers, Medias and the other car manufactory like Ford and Dodge. As we know, this case is a famous nonmarket environment case. And one of the important factors that changes in the nonmarket environment is interest group activity. After the Moseley case, the car buyer more cares about the safety of pickups and are pickups inherently...
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...what is the most relevant macro-environment factor (legal, political, cultural and economic differences) for an international business when choosing to internationalise into an emerging/developing market? Discuss any international business concepts or theories that could be used to help justify your answer. In the past few decades internationalisation has been a phenomenon in being a main subject in international business research. Globalisation has allowed countless commercial opportunities to occur over the border of their national country by maintaining competition and the continuing growth of international firms (Tikhonova, 2012). In foreign countries, legal and political systems as well as the economy are essential to have knowledge in as it explains how political systems, laws and regulations and economic differences affect international business opportunities. Although these factors are vital in understanding the foreign environment, it is not as broad as culture. Culture is a factor that includes several aspects that range from different dimensions which on a broad level includes linguistic, regional, religious and ethnic dimensions (Reference for Business’s website, 2014). Fundamentally for an international firm to endure success in emerging markets it is relevantly important to have full understanding of consumers and their cultural differences. In order for a firm to reach their full potential and succeed in an emergent market they need to have the ability to...
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...Non Market Environment of McDonald’s Case Study Columbia Southern University Abstract This case study explores the nonmarket component of McDonald’s. The issues, interest, institution and information of the nonmarket is identified. This case study revolves around the most frequently addressed issues against McDonald’s which include contribution the poor public health, treatment of livestock, and aggressive marketing practices. The timeframe of each issues ranges from the 1990s to 2000s. Many of these issues have been continuous through McDonald’s history but none like the allegations of contributing to poor public health. McDonald’s has approached these issues by adjusting ingredients, posting nutritional facts, and adding healthier offerings to their menu. To become a more socially responsible organization McDonald’s should identify and address future issues before they arise As a successful global organization McDonald’s faces much scrutiny. The most prominent issue facing McDonald’s is their contribution to obesity and poor health in society. This organization has also been accused of aggressive marketing towards children. This practice has been directly linked to the obesity in children (Baertlein, 2012). Other interest groups have addressed their treatment of their livestock and the fillers and contaminants found in the food. Various groups have targeted McDonalds backing the aforementioned issues. PETA is the most prominent group with official capacity that has...
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