...ASSIGNMENT ON “Why does Business go Global?” [pic] Submitted By: Mohammad Ilyas Submitted To: Mr. Zeb Department of Management Sciences FAST-National University of Computer and Emerging Sciences, Peshawar Why does Business go Global? Going global for a business has 3 very different meanings. One meaning is to begin selling products and services to other parts of the world. A second meaning is to begin outsourcing labor to another part of the world. And, the third meaning is to begin buying materials from another part of the world. In our previous class of Global Corporate Strategy we discussed that why business goes global? There are certain advantages and disadvantages for a business to go global that are listed below: • Cheap Resources or Labor: Most of the companies goes global because or cheap labor is available in another country to gain comparative advantage. In search of low cost labor the multinational companies they look into the cost of the labor and labor productivity. Companies wants to gain competitive advantage in the market and how these companies can gain competitive advantage it depends on three things, Better, Cheaper and Faster production then the companies can gain competitive advantage. E.g of Nike who is an American company but they are manufacturing their sports shoes in different countries of the world, in some countries they are making the soal...
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...Environmental Factors MKT / 421 February 1 2011 Environmental Factors The following information will discuss environmental factors McDonald’s global business face when dealing with other countries. McDonald’s global business must know how to deal with different cultures, laws, ethical situations, etc. that can cause threat and consequences for the business. The following will compare ethical perceptions across cultures concerning different situations. Businesses operate differently in other countries and McDonald’s must adapt to the cultural to do business. For a global business to be successful is a challenge and possible risk. The influence of global economic interdependence and the effect of trade practices and agreements Legal realism in diverse countries led to key choices that entail marketing. These consist of the capability to make particular claims, the capability to sell products in particular ways, the variety of business practices that take place, and a variety of aspects. These aspects should be understood and well thought-out when creating marketing plans. Other aspects that influence marketing compose of social accountability and environmental factors. In various cultures these issues are vital and other cultures it is not a concern. McDonald’s should follow legal conditions in countries that influence social and environmental practices, and still meet the expectations of locals on these matters. If not McDonald’s could...
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...Business Now: Change Is the Only Constant Review Questions 1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? Human resources, capital, natural resources entrepreneurship, and technology. its likely to increase because all of these factors continue to increase 2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit? It is a key to the economy all economies support it all of them can gain from it when a new Business is started Businesses can decrease the workplace environment and not pay all employees but it does provide more jobs 3. When did American business begin to concentrate on customer needs? Why? Around the relationship era because satisfied customers became advocates for a business spreading the word 4. How do nonprofit organizations compare to businesses? What role do nonprofits play in the economy? How do they interact with businesses? Non profits are Business like but their primary goal does not include profits nonprofits are not in the Business for financial gain Businesses focus on things that will gain profit. The profit that goes to non profit orgs is used to better the community or charities in the Business case it goes to owners 5. What...
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...consideration the global situation and the competition between the key players, such as Nordstrom Inc has to compete for the more effective position is really severe. Thus the strategies the companies used are very important and this research objective is to reveal successful strategies in the global consumer goods industry market on the example of the quite important competitor in this market – Nordstrom Inc, the owner of high class department stores chain in the USA, examining its way to success, the industry it is competing, and the reasons of the effective and fail solutions, that occurred in the particular regions as well as company’s strongest and weakest parts. Hence it would be important to note that retailing corporations and Nordstrom Inc, in particular have captured a number of markets and nowadays their marketing, organizational and developmental strategies could be referred to as one of the most effective ever used. The deep understanding of the market niche and target group in different areas, added to the effectiveness of Nordstrom Inc strategies, despite the number of negative factors, oppressive competition and certain fails in particular regions. Among the objectives of the research investigating any ability of cross country infrastructure the company’s suppliers, their experience in managing the complex catering places, choosing places, where the restaurants would be located and finally marketing activity. This report is going to examine the global strategy of Nordstrom...
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...Why a Master in Business Administration Luis D. Perez Morales MGT/521 MANAGEMENT April-Tuesday, 2011 Dra. Carmen Bonilla-Quianes Why a Master in Business Administration? After almost 11 years of my life working as an IT Support Specialist. I recognized that in some way I was in a better location inside the company, and earning more money than some colleagues that have the same position that I got because I did bring a Bachelors degree for the interview. Don’t get me wrong it didn’t make me better than them at all, but it helps me to get the job and negotiate the salary. It couldn’t happen without the Bachelors Degree. Now I see myself in a career that didn’t fill up my expectations as a professional nor in monetary too. Don’t get me wrong, I’m very thankful for all I’ve been able to do with my actual job. But part of me wants a change right away. After a couple of months of serious research, I find out that most of the people that works in some way supervising personnel and/or founds for a company, got jobs that are in more demand, with better salaries than the one that I got in this moment. Also most of them end up with their own companies, if they what to. Remember, they already know how to run a business; the difference is the type of business. What was the difference between me and them? They were supervisors, managers, and or administrators. I can say a big part of company owners accepts, even likes the idea of having someone else running their company while...
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...over $275 million to date through the sale of (RED) products from iconic companies and events. And 100% of that money goes to work on the ground. Because of the progress made in the fight against AIDS, (RED) can deliver the first AIDS FREE GENERATION in over 30 years. Every day over 650 babies are born with HIV. Yet with access to antiretroviral treatment, we can prevent the transmission of the virus from moms to babies. KEYWORDS - AIDS FREE GENERATION - Transmission - Life-Saving treatment - Global Fund - Product (RED) INTRODUCTION The object of product (RED) In association of The ONE campaign, the main object of the company is the fight to end AIDS in Africa where 2/3 of the world’s estimated 35 million people with HIV/AIDS live. (RED) works with the world’s most iconic brands and organizations to develop (RED) branded products and services, that when purchased the 100% of the money goes to the Global Fund. These contributions are then invested in HIV/AIDS programs in Africa, with a focus on countries with high prevalence of mother-to-child transmission of HIV. Before (RED) came into being, businesses had contributed just $5 million to the Global Fund, while the public sector had given more than $5 billion. Within just 8 years of launching, (RED) has already generated more private sector funds than any other business initiative among Global Fund contributors. RESULTS The world is at a critical milestone in the fight against AIDS: Today...
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...Sustainable Business Tammy T. Maden BA 317 International Management 21 April 2013 Instructor Lee Abstract Sustainability combines the principles of economic growth, environmental stewardship, governance, and social accountability. This Compare and Contrast analysis will introduce Managing Partner, David Blood's views on The Case of Sustainable Business. This review will include a brief description of what an International Manager may face in the business world and the duties of a successful International Manager. You will gain the knowledge of David's view, the International Manager, and how they relate. While corporate sustainability is not new, companies still fail to apply sustainability principals at the heart of the business. It should become part of the company's fabric and later an essential support for growth. David Blood, Managing Partner of Generation Investment Management, believes that putting together fundamental equity analysis and sustainability research throughout the process is a reasonable way to invest and provide superior returns to clients (Gresham College Lecture, 2008). He defines sustainability in both investing and business. I chose this video because it is about our future and how businesses could save the quality of life; this is what matters right now. It is very important in today's world because according to the United States Census Bureau, the population of the world as of this second is 7,080,247,340, in which one birth takes place...
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...Future of Global Communications: An Analysis of, “What the World Will Speak in 2115” Keren Gaona The University of Texas at El Paso Global Business 3304 May 19, 2016 According to the speculations of linguistic expert, John McWhorter, who wrote the article, “What the World Will Speak in 2115,” in one hundred years English will become the most widely understood language. If current trends continue, in the future one can imagine a world in which humans all share a single universal language. Having a common language would potentially open the doors to many opportunities for increased economic activity and cultural interaction. Additionally, as we travel into the 22nd Century, lesser used and more complex languages that are spoken today will become extinct. Subsequently, the few languages that survive will evolve into simplified versions making them much easier to learn. In agreement with McWhorter, is Andres Martinez, a reporter for Time Magazine who wrote, “Why Mandarin Won’t Be a Lingua Franca.” English is one of the languages that will withstand the test of time because of its strong presence in the world today. Martinez lends insight into how the French have watched English gain dominance in spheres of economic influence. A universal language does not mean the demolition of the diversity of cultures that we observe today, it simply means that English will be a middle ground among the nations. A professor and writer from Harvard Business Review, Tsedal Neeley, goes one step...
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...INTERNATIONAL BUSINESS Environments and Operations John D. Daniels University of Miami Lee H. Radebaugh Brigham Young University Daniel P. Sullivan University of Delaware Pearson Education International Contents Preface 29 About the Authors • PART ONE 39 BACKGROUND FOR INTERNATIONAL BUSINESS 44 1 Globalization and International Business 45 49 44 CASE: The Global Playground Introduction 48 W h a t Is International Business7. The Forces Driving Globalization 50 Factors in Increased Globalization 51 What's Wrong with Globalization? 56 Threats to National Sovereignty 56 Economic Growth and Environmental Stress 57 Growing Income Inequality 57 s | Point ^J3ffi^S^^3 ' Offshoring Good Strategy? 58 Why Companies Engage in InternationaLBusiness Expanding Sales 60 , Acquiring Resources 60 Minimizing Risk 60 60 Modes of Operations in International Business Merchandise Exports and Imports 62 Service Exports and Imports 62 Investments 63 Types of International Organizations 63 Why International Business Differs from Domestic Business 64 Physical and Social Factors 65 The Competitive Environment 67 Looking to the Future: 61 Three Ways of Looking at Globalization 68 C A S E : Carnival Cruise Lines: Exploiting a Sea of Global Opportunity 69 74 Summary Key Terms 75 Endnotes 75 An Atlas 78 Map Index 86 Contents • 2 PART TWO COMPARATIVE ENVIRONMENTAL FRAMEWORKS 90 91 90 The Cultural Environments Facing Business 94 95 ...
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...Global Trade DonBosco Hein Kellogg Community College Concept paper 1 Abstract Global trade or international trade is simply the exchange of goods and services all around the world. Global trade involves the export and import of goods and services between countries. Goods and services that enter into a country for sale are called imports and goods and services that goes out of a country is call export. Some countries have an advantage and disadvantage on their goods and services. The exchange rates can effects the value of imports and exports. Comparing China and Russia, China has lower labor cost and they have more people in their country. But 58% of Russia exports is oil and oil based products. If the global trade did not exist, it would do a lot of damage to the today’s economy. The Importance of Global Trade Global trade is very important in the economy because it benefits to all the countries and it also create peace between nations. Global trade is simply the exchange of goods and services between countries around the world. No one knows when did global trade started but many countries have been exchanging goods for hundreds of years. Global trade involves the export and import of goods and services across the international boundaries. Goods and services that enter into a country from another country for sale are called imports and goods and services that goes out of a country to another country are called exports. Dating back to about three thousand years...
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...Strayer university | Assignment 1: The Business Environment | Business and the Economy | BUS100Demetrius Carolina | Malcolm Johnson | 2/4/2013 | | | The business environment has grown tremendously in the past century. It has become a vast outlet for many to start their own, in this essay I will explain the role, advantages and disadvantages of business in the economy The Role of Business in the economy is the main component because our economy is capitalistic. Business is in every sector of the market. Everything that is thought of that relates the economy is business. For example retail, services, agriculture, manufacturing, health care, even political campaigning all involves business. Without business, humans would have to completely fend for themselves for absolutely everything. This is why people create trade with each other. Instead of having to provide ourselves with everything, we can focus on producing one product or expertise. We can then specialize in that product or expertise to make it the best in the market and then sell it for a profit. In business the Factors of Production or natural Resources which includes all in puts that offer value in their natural state, such as land, fresh water, wind, and mineral deposits. Capital which includes machines, tools, buildings, information, and technology, the synthetic resources that a business needs to produce goods or services, Human Resources this factor encompasses the physical, intellectual, and creative...
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...views in the world, products ideas, and other aspects of culture Why globalization is good: Cheaper production costs and more consumers to sell to; this allows more business opportunities and availability of commodity to the consumer. Untapped markets, different services, investment opportunities. Globalization brings about growth in a countries business for some products are brought about by investors hence increasing the countries’ economy. New business solutions, new ideas are introduced to solve problems; this allows one to get solutions from the exchange of business ideas from other world countries. Why globalization is bad: It uses up finite resources more quickly example coal, oil, nuclear and gas-dependency on business resources that won’t last. Investors tend to invest in less developed countries so as to maximize their profits-the market goes to the country that the possession of the commodity. With the dollar being the world’s reserve currency, globalization can lead to huge US balance of trade deficit and other imbalances. Globalization can move taxation from corporations. Globalization sets up a currency with each country trying to get an export advantage by dropping the value of its currency- thus the prices of the export reducing due to increase in competition within the business market. Encourages dependence on surroundingcountries’ for essential goods and services- this affects business in such that the goods can be obtained from other countries at...
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...Tesco goes Global Tesco goes Global International Business International Business Hugo Friedrich Hugo Friedrich ACP IBOM 2014 Spring Session ACP IBOM 2014 Spring Session Summary Introduction 3 Tesco’s international expansion began in developing countries 3 Tesco’s winning Strategy 3 Tesco’s know how for Joint Ventures 4 Innovate for winning a crowded market 5 Conclusion 6 References 6 Introduction Tesco is a multinational grocery and general merchandise retailer based mainly in the UK, Ireland, Europe and Asia founded in 1919 by Jack Cohen. Its turnover was € 80 billion in 2008. Tesco is the first group of British distribution (1,500 stores just in the UK) and the 3rd World group. Its work revolves around three areas: distribution in the UK, international distribution and financial services. This case is about Tesco’s International Growth Strategy, we will see why they decided to expand internationally, how they did it in developing and developed countries, which were the risks and which answer gave Tesco. Tesco’s international expansion began in developing countries When a firm decides to expand internationally, it has to take decisions like which market to enter, when and which entry mode to use. Tesco respected one of the most important rules in international Business, to not internationalize until they do not have a good position and control of their situation on their own market. As the company...
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...Module 4: Business Buying Behavior The airlines industry provides an interesting backdrop for a discussion of the business buying process. The buying behavior of the organizations that buy goods and services for use in the production of other products and services or to resell or rent them to others at a profit. Consider the major influences on business buyers found in the Boeing Supplier website and then discuss Boeing's expectations of supplier. CHICAGO, April 18, 2014 /PRNewswire/ -- Boeing (NYSE: BA) has honored 16 organizations with its Supplier of the Year awards, recognizing exceptional performance and contributions to the aerospace company's success during 2013. The awards are based on meeting or exceeding quality, on-time delivery, post-delivery support and affordability goals, and demonstrating the ability to anticipate and respond to changing requirements. "These supplier-partners performed exceptionally last year—in ways that differentiated them," said Jim McNerney, Boeing chairman and chief executive officer. "They helped us provide our customers with more capability for less cost in today's dynamic environment. We look to their partnership in the future to keep Boeing at the forefront of technology, innovation, productivity and affordability." Each year, Boeing spends more than $60 billion for goods and services from more than 21,000 suppliers and partners around the world that collectively employ more than one million people. In 2013, Boeing's global supply...
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...cosmetics in the global market, it is imperative for the company to use this opportunity and plan to go global. This document briefs about the analysis that will be done as the part of the project to formulate a fine strategy for Forest Essential to land in the foreign market. Project Summary: The project will explore the possibility for Forest Essential to march into foreign market. The analysis will incorporate the following elements: 1. Industry Analysis 2. Current operations/ marketing and financial analysis of the firm 3. Demand Analysis in foreign markets 4. Screening criteria for countries/ cities 5. Modes of Entry and the degree of co-ordination 6. Implementation plan At the end of the project we aim to address the question of Why Forest Essential should go global? and What should be the strategy to go global? Data Requirements: 1. Secondary research - news and magazine articles, company website information, industry research reports- euro monitor, market watch, macroeconomic data sources -EIU 2. Primary research - try to contact founder to understand business and value proposition more deeply 3. We will use the various frameworks covered in class to understand the different aspects of strategy and devise a strategy for the firm. Project Details: Following are the details of the analyses which will be done as the part of the project: Industry Analysis: We will analyze the information about the industry on a global basis. It is...
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