...International Business Abstract The business world as we know it today has changed from the business world that existed when our parents were growing up. Many business leaders and companies are beginning to expand their business internationally or globally. The advances in technology, and with the use of internet, television shows and politics we see the mention of globalization everywhere. What in fact is globalization, and how has it affected the business world today? When it comes to doing business internationally or globally, there are many different factors that one must take into consideration such as language and culture barriers, negotiation of contracts and various laws concerning issues such as intellectual property rights. With all of these various factors why are companies still looking to expand internationally? How do business and companies survive with all the laws and other forces they have to contend with? This paper will discuss globalization, what it is, and what effect it has had on the business world today. It will also discuss how to overcome language and culture barriers, the various laws business owners and managers need to be aware of and how to negotiate a legal contract. Finally this paper will discuss my own ideas of marketing a professional organization business internationally, and how it would benefit the international market, along with my personal view of international expansion and how I feel faith and your business principles should be integrated...
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...meaning "to share" [1]) is the activity of conveying information through the exchange of ideas, feelings, intentions, attitudes, expectations, perceptions or commands, as by speech, non-verbal gestures, writings, behavior and possibly by other means such as electromagnetic, chemical or physical phenomena and smell. It is the meaningful exchange of information between two or more participants (machines, organisms or their parts).[2][3] Communication requires a sender, a message, a medium and a recipient, although the receiver does not have to be present or aware of the sender's intent to communicate at the time of communication; thus communication can occur across vast distances in time and space. Communication requires that the communicating parties share an area of communicative commonality. The communication process is complete once the receiver understands the sender's message.[citation needed] Communicating with others involves three primary steps:[4] * Thought: First, information exists in the mind of the sender. This can be a concept, idea, information, or feeling. * Encoding: Next, a message is sent to a receiver in words or other symbols. * Decoding: Lastly, the receiver translates the words or symbols into a concept or information that a person can understand. There are a variety of verbal and non-verbal forms of communication. These include body language, eye contact, sign language, haptic communication, and chronemics. Other examples are media content such as...
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...Table of Contents Introduction 2 TASK: 1 3 P1.1 – Develop a set of own responsibilities and performance objectives 3 P1.2 – Evaluate own effectiveness against defined objectives 4 P 1.3 Make recommendations for improvement 5 P1.4 Review how motivational techniques can be used to improve quality of performance 5 TASK 2 8 P2.1 – Develop solutions to work-based problems 8 P2.2 Communicate in a variety of styles and appropriate manner at various levels 9 P2.3 Identify effective time-management strategies 12 TASK 3 13 P3.1- Explain the roles people play in a team and how they can work together to achieve shared goals 13 P3.2- Analyse team dynamics 14 P3.3 Suggest alternative ways to complete tasks and achieve team goals 15 TASK 4 17 P4.1 Evaluate tools and methods for developing solutions to problems 17 P4.2 Develop an appropriate strategy for resolving the problem of labour turnover in an organisation of your choice 18 P4.3 Evaluate the potential impact on the business of implementing the strategy 19 References 20 Introduction The following report seeks to detail a number of aspects which affect individuals performance in the organization as well as the performance of the organization. To start with, the report will develop a set of responsibilities and performance objectives as well as evaluation of these objectives and how they can be improved for better performance. The paper will also develop solutions to a work-based problem in addition...
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...liability position 1.2 At present auditors may not limit their liability for fault due to negligence or incompetence in audit work. Alongside regulation and reputation, liability acts as a discipline on audit quality in a context where shareholders and other third parties rely on information from an audit which is paid for by the company being audited. We are not aware of evidence suggesting that the courts in the UK have made, or are liable to make, excessive damages awards against auditors. Professional indemnity insurance is available, and LLP status – the chosen corporate form of many audit businesses – exists to protect partners' personal assets. The competition arguments 1.3 It has been argued that a cap on auditors' liability would however be procompetitive because it would lead to: • • • 1.4 a reduction in the barriers to entry and growth facing smaller audit firms the maintenance of competition between larger audit firms, including for non-audit work, and less risk of collapse of one of the Big Four. On the basis of the evidence available to us, however, none of these arguments appears compelling. First, the current liability position is a minor barrier to entry in comparison to reputation, third party perceptions, economies of scale, global networks, regulation, and various other impediments to the entry and growth of smaller audit firms. The liability position is symmetric as between all audit firms, so the introduction of a cap would not 1.5 Office of Fair...
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...is, Japanese culture is about as foreign to Western eyes and ears as humanly possible. Every aspect of verbal language, and of course written languages (which there are three of, by the way) is completely alien to us. Certainly, if anyone is fortunate enough to be able to witness these unique differences from a first hand perspective while visiting Japan, they will have no choice but to try and adapt and take onboard customs and traditions that may very well feel quite awkward at first- such as the common practice of removing one’s shoes prior to entering a dwelling or traditional restaurant, or the tendency for Japanese to avoid physical contact and displays of affection, even among family members. But these minor cultural inconsistences pale in comparison to what a Japanese National might experience while striving to adapt to a Westernized culture or from an...
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...one-to-one communication. * Group leaders: some groups such as team meetings have a leader or chairperson. Having a leader is very useful because they can help people to express their ideas; group leaders often encourage people to focus on a particular task within a group. * Group ‘ambiance’: group discussion only works well if people want to be involved. Sometimes people feel threatened if they have to speak within a formal group of people or they might stay quiet because they are worried about the reaction of others. It is important that the groups have the right emotional atmosphere. Formal groups often use humour or other friendly behaviours to create the right group feeling to encourage people to talk. * Thinking through what you are going to say: in formal groups it is important to think through your points before sharing them with the whole group, because of this extra preparation, talking to a group can feel very different from talking in one to one circumstances. * Taking turns: when...
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...years saw major transformations within the Chilean wine industry, this transformation allowed many of the talented Chilean winemakers on this unique opportunity to produce world class wine with its own unique personality and character. Chile currently is one of the leading nations in the global in the wine industry, currently ranked at 8th as the world’s largest wine producer and ranked 5th as the largest wine exporter. Chile exports a massive 70% from its own wine production making Chile the world’s most globalised wine industry. Even with the enjoyed success by the nation, Chilean wines find themselves facing huge competition globally in different markets as the wines produced in Chile sells at a relatively low average price therefor directly affecting the profit levels in return. (Emeraldinsight, 2010) 2. Factor Conditions As of 2011, Chilean vineyards have been facing shortage of filed workers as most employees are migrating to construction, agriculture director Santa Rita is quoted saying “between 15% and 20% fewer workers now than two years ago” Working in vineyards is not a preferable profession to the locals anymore as they end up working eight hours more just to get the minim wage. (MecrcoPress, 2011) This means finding field workers for the vineyards will prove difficult unless the company is prepared to pay the minimum wage. 2.1 The unemployment rates in general in Chile is also decreasing, it has decreased to 5.70% in November 2013 from 6.19% in November...
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...What is communication? The discipline of communication focuses on how people use messages to generate meanings within and across various contexts, cultures, channels, and media. The discipline promotes the effective and ethical practice of human communication. Communication is simply the act of transferring information from one place to another. There are various categories of communication and more than one may occur at any time. Different categories of communication Spoken or Verbal Communication: face-to-face, telephone, radio or television and other media. Non-Verbal Communication: body language, gestures, how we dress or act - even our scent. • Written Communication: letters, e-mails, books, magazines, the Internet or via other media. • Visualizations: graphs, charts, maps, logos and other visualizations can communicate messages. Transactional Model of Communication The transactional model of communication is a graphic representation of the collaborative and ongoing message exchange between individuals, or an individual and a group of individuals, with the goal of understanding each other. A communicator encodes (e.g., puts thoughts into words and gestures), then transmits the message via a channel (e.g., speaking, email, text message) to the other communicator(s) who then decode the message (e.g., take the words and apply meaning to them). The message may encounter noise (e.g., any physical, psychological, or physiological distraction or interference)...
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...Porter’s Five Forces Wine Industry Contents 1. Bargaining power of buyers………………………………………………………………………….1 2. Bargaining power of suppliers………………………………………………………………………2 3. Rivalry between existing companies………………………………………………………….…4 4. Threat of new entrants………………………………………………………..……………………….5 5. Threat of substitutes…………………………………………………………………………………….6 6. References………………………………………………...……………………...…………………………8 1. Bargaining power of buyers The buyer’s power within the wine industry varies between different places in the world. There are for example strategic differences between Europe and the “New World”. The “New World” includes countries like the US, Australia, Chile and South Africa. In Europe there is a big competition between small private family wineries while there are in the “New World” only a few large companies that have a big market share. To give you an example of this Australia have four firms that at the moment have around 75 % of the market while in France there are around 230 000 wineries. The power of buyers seems to be higher in Europe compared to the “New World”, in Europe the consumers have a more sophisticated taste and are more price sensitive compared to the “New World”. In Europe wine is sold through many different supermarkets which provide a wide range of different wine sorts from a lot of different private labels. This can be one of the reasons why the power of the buyers seems to be a bit higher in Europe than in for...
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...tackling different forms of crime and whether or not it has a place in the future of Criminology. In particular the application of Restorative Justice to intimate partner/family violence will be explored. Restorative justice is quite complex as it does not hold one meaning or definition but instead incorporates a range of different concepts that assist in achieving justice (K Daly, H Hayes 2001). Very basically it is a form of justice that tends to move away from traditional forms of punishment such as jail and monetary fines and instead focuses a lot more on the relationship between victims and offenders. It works on rebuilding and repairing these relationships so that victims can attempt to move on and even perhaps forgive the offender for what they have done. Conferencing is one of the preferred methods with victim and offender both agreeing to meet in a controlled setting with the presence of councilors and members of law enforcement. During this meeting issues from both side can be discussed and talked about as well as...
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...Chapter 38 The Bipolar World THE CHAPTER IN PERSPECTIVE No sooner had World War II reached its bloody finish than the world was thrust into an even more frightening conflagration. The United States and its allies and the Soviet Union and its allies faced off in a fundamental struggle to shape the postwar world. It was a contest based on power politics, competing social and economic systems, and differing political ideologies that lasted over fifty years and touched every corner of the globe. A spiraling arms race eventually brought the world to the brink of nuclear apocalypse. While the war remained technically cold, the fear of a nuclear disaster made it feel very different to the peoples of the world. OVERVIEW The Formation of a Bipolar World Despite the lingering general animosity and mistrust that the Soviets and Americans shared, at the heart of the cold war was a fundamental disagreement between political, economic, and social systems. Capitalism and communism, at least in the minds of the superpowers, remained mutually exclusive. The United States attacked communism and backed, at least in theory, liberalism. Consequently, the United States criticized the Soviet record on human rights and the suppression of civil and religious institutions. In turn the Soviets, led by Nikita Khrushchev, were critics of the failings of laissez‐faire capitalism and the wide gulf between rich and poor in western European and especially the United States...
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...mission is to bring consumers high quality goods at a low, discounted price. Wal-Mart operates more than 8,692 retail units across three business segments of retail worldwide that offer a wide array of general merchandise, including groceries, apparel, electronics, and small appliances. In addition, the company is the world’s largest retailer and grocery chain according to sales volume and just over half of their sales comes from grocery items. Over 54% of the company’s stores are located in the United States, with the majority of international stores located in Central and South America, and China. (Jaeah, 2012). Wal-Mart was started in Rogers, Arkansas during the early 1960’s. Sam Walton traveled all around the country researching what consumers wanted in a retail store. When Walton first opened Wal-Mart he “built it under the foundation of honesty, respect, fairness and integrity”. Walton tried to create a culture that shared the same beliefs as he did. Out of his beliefs he chose the three strongest which he felt best suited his store: respect for individuals, service to customers, and striving for excellence. Wal-Mart’s stockholders have benefited from their tremendous success (i.e. their competitive advantage), which focuses on offering the lowest price across its various business segments, which together earned $408 billion in revenues in 2010, a 1% increase from sales in 2009. Because of its mammoth size and buying power,...
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...[pic] |Leadership and Organizational Behavior – BUS 520 | |Student Course Guide | |Prerequisite: None | |Quarter |Fall 2010 | |Meeting Days/Time |Wednesday 6pm-10pm | |Instructor |Karmetria Burton | |Instructor Phone |678 362 0842 | |Instructor E-mail |Karmetria.burton@strayer.edu | |Instructor Office Hours/Location |5-6 pm Wednesdays or by appointment | |Academic Office Phone Number | | |INSTRUCTIONAL MATERIAL - Required ...
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...genius strategy that allowed them to gain impressive market share and become virtually impregnable in OS and application software market, it would be standardization (=compatibility) and simplification. They made their products easy to use, switch between and upgrade, which saved their clients a good amount of money in training and re-training employees, equipping new sites, etc. They looked past minor competitive losses in favor of bigger gains that would allow them to ultimately win market share, as in the example when they made their Office package available on Mac OS while Lotus and WordPerfect were hesitant to do so, even though Apple had many products competitive to Microsoft offerings. Another winning strategy was to produce complementary products: OS and applications that were perfectly compatible, as well as making these products available for different PCs and operating systems (=Apple) thus making Microsoft products ubiquitous and omnipresent. Impressive profits and large cash account further allowed Microsoft to grow into a monster on the computer software arena. What Microsoft has always been famous for was aggressive market penetration strategies that won overwhelming market share. Whoever gets the market share early wins, whoever gets the volume gets the market share, to paraphrase Mark Andreeson, Netscape chief technologist. In Microsoft’s case I think three tactics have helped them to come out on...
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...exceeded by political, legal, and other barriers. The rise of consumerism, however, compels a response focused more on revenue and strategic advantage than on pure cost savings. Among the difficulties faced by providers is choosing among various models of connectivity and component function. Emerging models include “freefloating” personal medical records largely independent of the office-based physician, systems with compatible and intertwined physician and consumer relationships using an application services provider office practice system, and systems that connect patients and providers through e-mail, office triage, prescription refills, scheduling, and so on. This article discusses these and other combinations of technology that significantly overcome the barriers involved and that may be woven together to provide solutions uniquely suited to various competitive situations. KEYWORDS • Consumerism • Patient-provider relationship • Data ownership • Application service providers • Time and cost savings The Internet has created both opportunities and threats that providers of all stripes must eventually confront to remain viable businesses in the new economy. Although business-to-business (B2B) innovations offer great hope in reducing costs and providing other efficiencies, electronically connecting with patients is a particularly challenging frontier where technical hurdles are generally exceeded by political, legal, workflow, and other barriers. However, the rise of consumerism compels...
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