...Influence of Internet and E-commerce in international business Introduction: Commencing from 20th century, enormous use of Internet was witnesses in all the fields with a major impact on international business. Although the Internet and web 2.0 serve as improving trend of economy and business, there is negligible research done to advocate their impacts on international business and marketing (Urban, 2003). The present literature review essay is an attempt to address the gap of existing literature whereby necessary recommendations can be made to improve use of technology in business. For the purpose of this essay, extant literatures in the fields of international business, technology, science, marketing and e-commerce have been studied and reviewed. Research objective: To serve the purpose of the literature review, investigation of Internet and e-commerce over international business processes is performed with the primary research objective as the consequence of Internet on international business. Research questions: In order to study research objective, a set of research questions have been devised upon which a review is presented in the following essay. The research questions devised are: • Influence of Internet in international business. • Consequences of Internet on international entrepreneurship. • Impact of web 2.0 on international business processes. • Influence of e-commerce in international business Literature...
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...Why is English the international language? The fact that English is now the main international language is indisputable. In all aspects of international life – trade, science, diplomacy, education and travel – the common language is English and has been for decades. There are two main reasons why English is the current lingua franca; political history and economics. First, one of the main reasons why English is the international language in the world today is the fact that Britain was the global superpower in the nineteenth century and America is the global superpower in the twentieth and twenty-first. For example, these two English-speaking countries were the most important countries in terms of the military and trade. By conquering and colonising so much of the world, their customs, culture and way of life became common in those parts of the world. This is why so many ex-British colonies now have English as the national language, with many of their people speaking English as a first language. Second, a further reason for the spread and of English is economics. By being the global political and military superpower, these two countries also became the leading trading nations and many countries and territories needed to learn English in order to trade with them. The USA is currently a major trading partner with almost every other country on the planet due to the size of the consumer economy. This explains why in many countries, English is...
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...CHAPTER 1: INTRODUCTION 1.1 Background Of Study E-Commerce is one of the very concepts growing in the internet world. Use of this system can actually benefit many parties such as consumer, manufacturer or the retailer. The concept of online shopping provides many facilities and advantages compared with the conventional concept of shopping. A part transaction process can be faster, the internet has provided nearly all goods usually sold complete. Nowadays, the development in Information Technology is rapidly growth. Information technology has proven capable of integrating every detail of information that previously seemed impossible was achieved, as the speed of information, efficiency and effectiveness. Information technology is widely used as a website for selling product online, where the product can be accessed throughout the world. Accordingly, the development of information technology through the concept of e-commerce has changed the business environment more conducive to force us to dominate the field more quickly. Rapid development in information technology, especially in the development of the Internet has led to the extensive use of electronic in the daily business such as e-commerce, e-government and e-commerce as well. E-mail and the internet site are the most important component of e-commerce. While the growing importance of the Web 2.0 and the effects on consumers and organisations are issues frequently making headlines and increasingly attracting academic...
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...shifts for international businesses based in Great Britain? North America? Hong Kong? Over the last 30 years, there has been a shift away from a world in which national economies were relatively self-contained entities, isolated by barriers to cross-border trade and investment, and by national differences in government regulation, culture, and business systems; and moving toward a world where barriers to cross-border trade and investment are declining, material cultures are becoming similar, and national economies are merging into an integrated, interdependent global economic system. As companies from Japan and emerging markets like China play a more vital role in the world economy, the dominance of companies from the United States and Western Europe has diminished. Significant implications for British firms involve looking beyond Europe and America for investment and opportunities. Consumer spending power is growing quickly in developing countries. For North American companies, the same holds true, although the importance of the growing prosperity in Latin America suggests a potentially huge market in “their backyard.” Hong Kong is perceived as the gateway to the immense market of mainland China. Since Hong Kong firms are now less taken for granted, access to China is improving along with the move towards a market economy within China. International businesses based in all three locations are facing new opportunities and threats. 2. "The study of international business...
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...Doing Business In (Report) Leeds Metropolitan University Module: Global Business Context Doing Business In... Index 1. Introduction .................................................................................................................. 3 2. Justified country choice ................................................................................................ 3 3. Most important Characteristics seek by the company. ................................................. 4 4. How Australia fulfils the requirements. ....................................................................... 5 5. Relevant Aspects of the Australian Macro and Micro Environment............................ 6 5.1 Macro Environment. ............................................................................................... 6 5.2 Micro Environment................................................................................................. 6 6. Conclusion .................................................................................................................... 7 7. Bibliography ................................................................................................................. 8 Page 2 Doing Business In... 1. Introduction Firstly, the focus of this report will be to analyse conclusions from Global Business Context task 2 and with suitable references indicate the most appropriate country to export my student support agency service. Likewise the previous...
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...Running head: COMPARISON BETWEEN TWO BUSINESSES Abstract Many companies sell goods or services on the Internet. Why? The Internet provides access to a large and growing market. Approximately 627 million people were shopping online Worldwide in 2005. By selling on the Internet, a neighborhood shop or home-based firm can reach a national or even international group of potential customers. When companies sell online, they are on a more playing with larger competitors. It also opens up the home-shopping market and gives consumers easier access to international markets. It is convenient for customers because they can order products wherever they are, and they don't have to deal with things like traffic, parking spaces and useless trips when items are out of stock. Consumers can also compare information about different or competing companies more easily because information, Companies can also stay in touch with their customers and suppliers by creating web pages and setting up internet addresses to receive e-mail from customers worldwide. Amazon is an American multinational which was founded by Jeff Bezos in 1994 and based In Seattle, its Main activity is online trades as books, DVDs, CDs, MP3 downloads, computer Software, video games, electronics, apparel, furniture, food, and toys. The company has sites For many countries (United States, Canada, United Kingdom, Germany, France, Italy, Spain, Japan, and China) and is planning to...
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...is often applied especially for online companies. Besides, the perspective of consumer to the company becomes the major reason to keep them loyal to a particular company. In this research paper, I will analyze how social media marketing can influence the profitability of an online company from a consumer point of view. Keywords: Social Media Marketing, Profitability, Online Company, Consumer point of view 1. Introduction With the development of the internet, everything can be done by just a simple click. Many successful companies which rely on the internet have been created, for example Facebook, Twitter, and Instagram. Internet provides the users accessibility to many services, from entertainment and personal use to education and business matters. Because of the widespread use of social network in this society, social marketing has become very important in helping an online company promote a product to customers not only in the same country, but also to other countries. According to Frank Barry (2011), 78% of internet users research products online and 78% of mobile or smart phone users...
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...ECONOMIC AND BUSINESS REVIEW | VOL. 15 | No. 1 | 2013 | 33–56 33 ICT AS A NEW COMPETITIVE ADVANTAGE FACTOR – CASE OF SMALL TRANSITIONAL HOTEL SECTOR Tanja Mihalič1 Dimitrios Buhalis2 Received: 12 December 2012 Accepted: 6 March 2013 ABSTRACT: This paper studies the information and communication technology (ICT) in a small hotel sector at a point in time when the transition towards a full market economy is coming to the end and competitiveness and ICT implementation is gaining on importance. Its main purpose is to study a business potential of this new competitive advantage resource and its productivity paradox. A competitive advantage factor model (CAF model) has been proposed and the structural modelling (SEM) has been performed on the case of a small transitional Slovenian hotel sector. The study contributes to knowledge on ICT competiveness and ICT productivity paradox in hotel sector. Further, its results hold practical implications for the strategy for hotels operating in small-sized hotel industries in transitional or ICT developing environments. In more concrete terms, research findings indicate that such hotel sectors need to speed the ICT implementation. ICT as such doesn’t directly increase the firm’s profitability, yet there is an indirect positive impact of factor ICT on a firm’s financial performance that emerges through other competitiveness factors, such as differentiation, qulity or image, which helps firms to stay competitive on the...
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...as new technologies bring international attention and customers to the company. In the end, few organizations are able to escape the impact of globalization. Given the importance of globalization on the organization, there is a clear impetus to consider how this reality will impact business operations in both the short and the long-term. Using this as a basis for investigation, this research considers the impact the globalization is having on the Starbucks organization. Through a careful consideration of how globalization has impacted this organization, it will be possible to provide salient policy recommendations for change that will improve operations in the organization. Starbucks-An Overview In order to begin this investigation, it is first helpful to consider a review of the Starbucks organization and critical issues currently impacting its development. Reviewing this history of this organization, Lyons (2005) reports that Starbucks originated in Seattle, Washington as a premium coffee retailer. In an effort to foster the success of the organization, leaders chose an aggressive business model that would allow them to permeate and saturate local markets. The business model used by the organization was novel, prompting analysts to link the success of the organization to its aggressive growth strategy. As noted by Kaplan and Woznicki (1999) "Starbucks seemed to want a coffee bar on every street corner" (p. 41).In addition to the novel business model developed by the organization...
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...globalization is playing a fundamental role to make progress to many sections including economies, culture and religion, public services and living standard, and technology. In economics, Globalization refers to the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies. It shows the market expansion and integration, and it is an unchangeable tendency for international economic development. In economy, globalization is playing a significant role to make advancement to this sector over the world. Globalization has created widely the international economy, integration of markets and the flow or movement in the world, all of which make escalations in global movement. There are many importance of globalization on economy for many years. Improvement in technology has a essential effect in decreasing the costs of transportation, communication and commodity also lowering the price of data processing and information storage. There is a sign of the modern technology like electric mail, the internet, and World Wide Web. And with technological development, laptop computer in contemporary time is more powerful than the very large powerful computer in twenty five years ago and the price level in 1990 was only about 1/125 compared to that in 1960. Later on in 1998, the computer price wars reduced about 80% more. Furthermore, because of the advancement...
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...Be Attuned to Business Etiquette [pic] Prepared by: [pic] Jeshua Johnson Bri Johnson Case # March 21, 2002 Dr. Castro’s International Business Class Executive Summary: Many overlook the importance of knowing business etiquette, especially when dealing with business partners from foreign countries and/or other cultures. Oftentimes, business partners in foreign firms have different cultural practices and customs. Being aware of these various customs and practices is crucial to being successful in an international business environment. The importance of these customs to their cultures can vary into such extremes as describing proper manners in situations to outlining how to live a proper life according to the religious practices of the country. These customs can dictate basic protocol for certain situations, guidelines for proper nonverbal communication, ways to show gratitude correctly, and the words you choose to use. There are six considerations to keep in mind when dealing with business etiquette across cultural boundaries: 1. Be prepared, 2. Slow down, 3. Establish trust, 4. Understand the importance of language, 5. Respect the culture, and 6. Understand the components of culture. These components include aesthetics, attitudes and beliefs, religion, material culture, education, language, societal organization, legal characteristics, and political structures. Understanding these basic considerations and components can improve...
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...Contents page Page Task 1 : The organisational purposes of businesses 2 Task 2: The nature of national environment in which businesses Operate 4 Task 3 : The behaviour of organisations in their market Environment 7 Task 4 : The importance of global factors which shape the national business activities 9 Business Environment Assessment This piece of work aims to provide a comprehensive overview of specific topics related to business environment domain. There are four main objectives which the present piece of work intends to achieve and they include: to provide a clear description of the organisational purposes of a selected company/business and present its main focus, products and performance on the market; to contribute knowledge regarding the nature of the national environment in which businesses operate, to identify and analyse the behaviour businesses exhibit in their market environment and to evaluate the importance of those global factors which shape the national business performance and activity (Business Environment Lecture Notes, 2012-13). Task 1. The organisational purposes of businesses OFCOM UK 1.1 Organisation's objectives, their monitoring and achievement OFCOM UK is an independent regulator and competition authority body for the UK's communication industries, as such, it operates in this sector of communication...
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...Abstract This paper discusses the importance of MIS in the decision-making of commercial banks in Butembo city. The discussion starts with the review of literatures on the importance of MIS in our world today. The qualitative method of research is applied where; some bank managers were interviewed to collect data. The findings reveal that commercial banks in Butembo city are integrating technology in their daily activities. Mangers do use information systems in making every day decision at their level. Since all the banks in Butembo city are branches that does not need to make high-level strategic decisions. Therefore, the integration of MIS in high-level decision-making is done at the higher level (head office) from the information provided at the lower levels (that is branches like Butembo). However, the banks do share real-time information among branches and the head office. Introduction The history of Management Information System (MIS) starts since long. In 1968, Michael S. Scott Morton wrote a research paper in which he emphasizes the use and emergence of MIS in future. He emphasizes that the future companies will be affected by two things technology and the human comprehension and understanding of decision-making process. According to Morton (1968), it is not only about the emerging of new technologies rather how man will use the information from technology to make decisions. He predicted that in future organizational decisions will...
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...The impacts of E-commence on international business and marketing: A literature review Name student: Tao Yi Student number: 1192930 Course name: Master thesis international track Course code: 2012-191880750-1A Assessor: Assistant Prof. Dr. E. Constantinides and Dr. Huub J.M. Ruel Hand in date: 15-09-2012 E-commerce and Web 2.0: An intensive literature review on their impacts on international business and marketing Table of content Managerial summary ............................................................................................ 2 1. Background and research objectives .............................................................. 3 2. Research problem and research questions...................................................... 4 3. Research methodology ................................................................................... 6 4. Key findings .................................................................................................. 8 4.1. 4.1.1. 4.1.2. 4.1.3. 4.2. 4.2.1. 4.2.2. 4.3. 4.4. 4.4.1. 4.4.2. 4.4.3. 4.5. 4.5.1. 4.5.2. 4.5.3. 4.6. The impacts of Internet on International business and marketing .................................. 8 The impacts on international business ......................................................................... 8 The impacts on international entrepreneurship ............................................................ 9 The impacts on international companies‟ marketing ................................
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...of an online presence for luxury brands By Florian Risch Introduction Not all that long ago online retailing was a very uncommon distribution channel for the luxury industry. To many luxury managers, there was no space for luxury products on the world wide web and therefore have been hesitant to move online. Notable international brands such as Versace and Prada did not have corporate websites until 2005 and 2007, respectively1. They mainly feared that selling online and luxury contrasted strongly with each other. However, the changing shopping habits of consumers imply that even luxury product companies have no alternative but to adapt. Today's world is intensely led by the internet. People communicate over the net, they play games with their friends online, they carry out their work and most coherent in this context, they shop online. Research in the last decade proved that online retailing became very popular and still grows in its extent. Affluent consumers are particularly heavy users of the internet. They go online to search for information as well as purchasing there. Up to 90 % of high-income internet users regularly shop online2 and make the internet their number one source of information for luxury products. And countries like China and India, prognosed as the current emerging markets to be the future leading luxury markets, already started to favor the option of online shopping with increasing use. The trend towards online retailing of luxury products cannot be denied...
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