Global Business International Reserves in Essay

Download this Essay in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from Essay:

other intangible assets such as patents and management strength. Finally, those future earnings are discounted to arrive at a net present value. Interbrand discounts against current interest rates and also against the brand's overall risk profile to factor in brand strength. Considerations include market leadership, stability, and global reach -- or the ability to cross both geographic and cultural borders. The final result values the brand as a financial asset. BusinessWeek and Interbrand believe this figure comes closest to representing a brand's true economic worth. (Business Week, Aug, 2007 (http://www.businessweek.com/pdfs/2007/0732_globalbrands.pdf)

Among the top 100 brands the U.S. has the largest representation with a full 52 brands on the list. This is comparable to no other nation. The U.S. also boast the highest rankings in high tech brands, producing electronic support systems, like software and PCs and/or support functions for them, as well as food and beverage provider brands, while Japan and Germany have a greater representation among auto brands than other nations.

7. According to the Mercer Cost of Living Survey the top 10 cities in the cost of living index are as follows:

Rank March 2008 Rank March 2007 City Country Cost of living Index March 2008 Cost of living Index March 2007 1-1 Moscow Russia 142.4 134.4-2-4 Tokyo Japan 127.0 122.1-3-2 London UK 125.0 126.3-4-10 Oslo Norway 118.3 105.8-5-3 Seoul South Korea 117.7 122.4-6-5 Hong Kong China 117.6 119.4-7-6 Copenhagen Denmark 117.2 110.2-8-7 Geneva Switzerland 115.8 109.8-9-9 Zurich Switzerland 112.7 107.6-10-11 Milan Italy 111.3 104.4

Cost of living is an important factor in indicating the price that should be set in any given market for a product or service. The cost of living indicates the nature of the value of certain items, both essential and non-essential and then stresses the importance of the market on setting prices strategically and wisely, when entering or maintaining a product in any given market. In areas where cost of living is high and wages are low moderate or stagnant setting prices for superlative items or services or support services, for those needing to work long hours to maintain their home and lifestyle is essential. In areas where cost of living is low, it is not uncommon for wages to remain low but for prices to be set accordingly. Each aspect of the cost of living of a city or region is essential to the development of a strategic pricing analysis for any international market. To engender price competitiveness one must identify similar products and create a competitive pricing strategy, including initial findings on cost of living, which can include broad categories including some types of products or services, such as what is compiled by Mercer on a year by year basis. (Mercer's 2008 Cost of Living rankings (http://www.mercer.com/costofliving#Cost_of_living_top_5_ranking_cities_by_region)

8. According to Mercer HR consulting the quality of living of any given city is determined by several factors, and is based upon the quality of living for an immigrant i.e. expatriate of another nation from the outside looking in; the political and social environment (e.g. stability, crime, law enforcement, etc.), the economic environment (e.g. currency exchange regulations, banking services), socio-cultural environment (e.g. censorship, limitations on personal freedom), health and sanitation (e.g. medical supplies and services, infectious diseases, sewage, waste disposal, air pollution), schools and education (e.g. standard and availability of international schools), public services and transportation (e.g. electricity, water, public transport, traffic congestion), recreation (e.g. restaurants, theatres, cinemas, sports and leisure) consumer goods (e.g. availability of food/daily consumption items, cars), housing (e.g. housing, household appliances, furniture, maintenance services), and finally the natural environment (e.g. climate, record of natural disasters). The total number of factors, only some listed above include 39 key factors which are grouped according to the above categories and compared based on a baseline.

50 cities: Quality of living

Base City: New York, U.S. (=100)

Rank 2008 Rank 2007 City Country Index 2008 Index 2007 1-1 Zurich Switzerland 108-108.1-2-3 Vienna Austria 107.9 107.7-2-2 Geneva Switzerland 107.9 108.0-4-3 Vancouver Canada 107.6 107.7-5-5 Auckland New Zealand 107.3 107.3-6-5 Dusseldorf Germany 107.2 107.3-7-8 Munich Germany 107-106.9-7-7 Frankfurt Germany 107-107.1-9-9 Bern Switzerland 106.5 106.5-10 9 Sydney Australia 106.3 106.5-11-11 Copenhagen Denmark 106.2 106.2-12-12 Wellington New Zealand 105.8 105.8-13-13 Amsterdam the Netherlands 105.7 105.7-14-14 Brussels Belgium 105.4 105.6-15-15 Toronto Canada 105.3 105.4-16-16 Berlin Germany 105-105.2-17-17 Melbourne Australia 104.8 105.0-17-18 Luxembourg 104.8 104.8-19-18 Ottawa Canada 104.7 104.8-20-20 Stockholm Sweden 104.5 104.7-21-21 Perth Australia 104.3 104.5-22-22 Montreal Canada 104.2 104.3-23-23 Nurnberg Germany 104.1 104.2-24-26 Oslo Norway 103.7 103.5-25-27 Dublin Ireland 103.5 103.3-25-24 Calgary Canada 103.5 103.6-27-24 Hamburg Germany 103.4 103.6-28-27 Honolulu, HI United States 103.1 103.3-29-29 San Francisco, CA United States 103-103.2-29-30 Helsinki Finland 103-103.1-29-30 Adelaide Australia 103-103.1-32-34 Singapore 102.9 102.5-32-33 Paris France 102.9 102.7-34-32 Brisbane Australia 102.4 102.8-35-35 Tokyo Japan 102.2 102.3-36-36 Lyon France 101.9 101.9-37-36 Boston, MA United States 101.8 101.9-38-38 Yokohama Japan 101.6 101.7-38-39 London United Kingdom 101.6 101.2-40-40 Kobe Japan 100.9 101.0-41-49 Milan Italy 100.8-99.9-42-41 Barcelona Spain 100.6 100.6-43-42 Madrid Spain 100.5 100.5-44-44 Washington, DC United States 100.3 100.4-44-42 Osaka Japan 100.3 100.5-44-47 Lisbon Portugal 100.3 100.1-44-44 Chicago, IL United States 100.3 100.4-48-46 Portland, or United States 100.2 100.3-49-48 New York City, NY United States 100-100.0-50-49 Seattle, WA United States 99.8-99.9

Mercer Quality of Living Ranking 2008, (http://www.mercer.com/referencecontent.htm?idContent=1307990#Top50_qol)

Table 1 Indexes of Living Costs Abroad, January 2008 - Continued

Washington, D.C. = 100)

Country and City

Survey

Exchange Rate1

Local2

U.S.

Government3

Foreign

Unit

Number

Per U.S.$

Relative

Index

Australia:Canberra

Dollar

Peru:Lima

New Sol

Table 2. Quarters Allowances, January 2008

Exchange Rate

Annual Allowance by family status and salary range

Country and City

Survey

Effective

Foreign

Number

Family

Less Than 51,739 to 81,093 and Unit

Per U.S.$

Status

Above

Australia: Melbourne

Nov-07

Dollar

Family

Single

US Department of State Indexes Living Costs Abroad Quarters January 2008, (http://aoprals.state.gov/content.asp?content_id=186&menu_id=81#2008)

References

BP Statistical Review of World Energy, 2008, retrieved 8, 15, 2008:

http://www.bp.com/liveassets/bp_internet/globalbp/globalbp_uk_english/reports_and_publications/statistical_energy_review_2008/STAGING/local_assets/downloads/pdf/statistical_review_of_world_energy_full_review_2008.pdf

Business Week, Aug, 2007, retrieved 8, 15, 2008:

http://www.businessweek.com/pdfs/2007/0732_globalbrands.pdf

CIA World Factbook, 2008, retrieved 8, 15, 2008: https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html

EarthTrends Country Profile Argentina 2007, retrieved 8, 15, 2008:

http://earthtrends.wri.org/pdf_library/country_profiles/bio_cou_032.pdf

Mercer's 2008 Cost of Living rankings, retrieved 8, 15, 2008:

http://www.mercer.com/costofliving#Cost_of_living_top_5_ranking_cities_by_region

Mercer Quality of Living Ranking 2008, retrieved 8, 15, 2008:

http://www.mercer.com/referencecontent.htm?idContent=1307990#Top50_qol

UN World Population Prospects, 2006, retrieved 8, 15, 2008: http://esa.un.org/unpp/p2k0data.asp

UNCTAD Handbook online, 2008, retrieved 8, 15, 2008: http://stats.unctad.org/Handbook/TableViewer/tableView.aspx?ReportId=1925

US Department of Labor, 2008, retrieved 8, 15, 2008:

http://www.dol.gov/asp/media/reports/chartbook/2008-01/chart2_3.htm

US Department of State Indexes Living Costs Abroad Quarters, January 2008, retrieved 8, 15, 2008: http://aoprals.state.gov/content.asp?content_id=186&menu_id=81#2008[continue]

Cite This Essay:

"Global Business International Reserves In" (2008, August 18) Retrieved December 10, 2016, from http://www.paperdue.com/essay/global-business-international-reserves-28453

"Global Business International Reserves In" 18 August 2008. Web.10 December. 2016. <http://www.paperdue.com/essay/global-business-international-reserves-28453>

"Global Business International Reserves In", 18 August 2008, Accessed.10 December. 2016, http://www.paperdue.com/essay/global-business-international-reserves-28453

Other Documents Pertaining To This Topic

  • Business International Wal Mart vs

    Perhaps they're put off by the cracked floor tiles or the cobwebs on the headless, foam-rubber mannequins. Whatever the reason, the store's rock-bottom prices and helpful service clearly aren't pulling in many shoppers" (Fairlamb and Cohn, 2003). After nearly a decade of trying to penetrate the German market, Wal-Mart counted its losses and exited Germany. A Wal-Mart spokesman argued that, despite the million dollar losses, the experience was a positive

  • Global Business and Ethics the

    S.$36 million) for immediate expenditures; and redefining "priority sector" expenditures to include spending on security. For its part, the World Bank responded to Chad's renegging on its ageements in 2006 by suspending disbursement of $124 million in loans to Chad, and froze the country's $125 million in assets in the London-based Citibank escrow account (Zissis, 2006). In effect, the World Bank has ceased its involvement in Chad. However, the Chad oil

  • Global Business Strategies

    Global Business Strategies Vincent The aftermath of World War II has seen the evolution of economic regionalism as a means for fostering foreign trade thereby economic growth of participating countries. Economic regionalism was a conscious attempt to manage the opportunities and constraints created by international economic tie-ups after World War II through institutional arrangements facilitating free flow of goods and services and coordination of foreign economic policies. It embraced free trade areas,

  • Global Business Cultural Analysis on New Zealand

    business culture and expansion trends that exist for American companies within New Zealand. The paper focuses on answering the following questions: 1. What are the major elements and dimensions of culture in this region? 2. How are these elements and dimensions integrated by local conducting business in the nation? 3. How do both of the above items compare with U.S. culture and business? 4. What are the implications for

  • Global Business Cultural Analysis

    business culture and expansion trends that exist for American companies in India. The paper focuses on answering the following questions: 1. What are the major elements and dimensions of culture in this region? 2. How are these elements and dimensions integrated by local conducting business in the nation? 3. How do both of the above items compare with U.S. culture and business? 4. What are the implications for U.S.

  • International Disputes When Business Internationally Issues Settling...

    International Disputes When business internationally issues settling legal disputes international transactions. What practical consideration taking legal actions a foreign business partner-based country? Which laws precedence. Dealing with conflict in the new global economy The rise of the new global economy has generated profits for many enterprises because of the connections it has fostered. However, in addition to the positive benefits of international agreements, there has also been a rise in international disputes. "As

  • Business Environment in Taiwan

    Business Environment in Taiwan Taiwan is an island situated approximately 180 kilometers (Eastern Asia) away from southeastern coast of mainland China. Having a geographical area of 35,883 Km2, Taiwan is officially part of the Peoples Republic of China (PRC) although there is much tension between Taiwan and China regarding statehood of Taiwan. The U.S. however does not acknowledge Taiwan as a separate state. Taiwan has a population of 23 million (consisting


Read Full Essay
Copyright 2016 . All Rights Reserved