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Developing countries, particularly those in Africa, are increasingly presenting significant opportunities for global expansion in the wake of increased maturation and saturation of developed markets. Ghana is one of the countries in Africa that offer an ideal environment for the establishment of a ball-bearing manufacturing factor. The rapidly growing country provides attractive cultural, economic, and political environments.
Ghana is one of the booming economies in Africa. With a gross domestic product (GDP) of approximately $114 billion (in terms of purchasing power parity) as of 2015, the country has recorded impressive economic growth in the last five years, with growth averaging 8% (Central Intelligence Agency [CIA], 2016). This is one of the highest GDP growth rates in the region and Africa at large, an indication of a robust business environment. The attractiveness of the Ghanaian economy further stems from fair trade and investment policies as well as a relatively…
Central Intelligence Agency (CIA). (2016). The world factbook. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/geos/gh.html
Commisceo Global (n.d.). Ghana guide: Ghanaian language, culture, customs, and etiquette. Retrieved from: http://www.commisceo-global.com/country-guides/ghana-guide
Institute for Economics and Peace (2015). Global Peace Index 2015. Retrieved from: http://economicsandpeace.org/wp-content/uploads/2015/06/Global-Peace-Index - Report-2015_0.pdf
Transparency International (2015). Corruption by country/territory. Retrieved from: http://www.transparency.org/country#GHA
Global Expansion of Jollibee
Jollibee was founded in 1975 in Cubao, Philippines and the company was incorporated in 1978 (Layug, 2009). Jollibee grew rapidly, offering a menu consisting of mainly Western foods and following a business model that was inspired by McDonald's. One of the main reasons that Jollibee has become such a success both in the Philippines and abroad is that the company has been able to execute this foreign business model to a high degree of excellence. This essay will analyze the success of Jollibee and make direct comparisons to the business models of Jollibee and McDonald's to show that much of the success Jollibee has enjoyed relates to following this foreign business model. The essay will break down Jollibee's strategy into a number of key components to better understand how it has earned its international and domestic success.
History and Mission
Jollibee began expanding shortly after becoming…
Erdralin, D. & Castillo, P. (2001). An in-depth study of the hotel and restaurant industry in the Philippines. Philippine Institute for Development Studies. Retrieved from http://www3.pids.gov.ph/ris/taps/tapspp0105.pdf
Flores, K. (2009). Slowing remittances is Jollibee's biggest challenge. ABS/CBN News. Retrieved from http://www.abs-cbnnews.com/business/06/26/09/slowing-remittances-jollibees-biggest-challenge
GMA. (2010). Jollibee: Foreign operations to grow by 25%. GMA News. Retrieved from http://www.gmanews.tv/story/206030/jollibee-foreign-operations-to-grow-by-25
Goldberg, E. (2011). The benefits of the franchise model. Franchising.com. Retrieved from http://www.franchising.com/howtofranchiseguide/benefits_of_the_franchise_model.html
Lastly, market studies must be conducted to decide what product mis will sell the best in these new locations, focusing on products that are already strong sellers in the area.
After a year of operation, Wal-Mart should evaluate the success of their entry into the new market. Sales, profits and market share will tell the organization if they're on the expected track. If not, the degree of difference must be evaluated. In some instances, there may be a geographic region in which Wal-Mart's model simply doesn't fit well with the culture. In those instances, they will have to re-evaluate their strategies.
How does expanding internationally benefit Wal-Mart?
Expanding internationally benefits Wal-Mart in a variety of ways. First, they are able to continue organizational growth, despite market saturation in the United States. The company can enhance their economies of scale, with global buying power. There are many of Wal-Mart's key…
Hill, C.W. (2007). Global Business Today. New York: McGraw-Hill/Irwin.
Balance of Payment Transaction and Challenges of Global Expansion
The BoP (Balance of Payments) refers to all transactions across a country border. Under the balance of payments transactions, all the payments coming into the country is denoted as a plus sign while the transactions going out of the country is a denoted as a minus sign. When an Australian consumer imports American goods, the transaction enters the American balance of payments as credit or positive sign into the U.S. current account. On the other hand, when Americans import goods and services from another country, the transactions enter the U.S. BoP as a debit or negative sign. (Chan, 2012).
Objective of this paper is explore the concept of the U.S. balance of payments.
U.S. resident purchases a German Mercedes Benz
When an American resident purchases a German Mercedes Benz C230, the transaction is a debit under the CA (Current Account). The…
Chan, A. (2012). The U.S. -- China Balance of Payments Relationship. Moody's Analytics.
Valdivia-Velarde, E. & Razin, T. (2014). Balance of Payments Manual (Sixth Edition). Compilation Guide. IMF.
Wolf, M. (2009). Fixing Global Finance. Yale University Press: 31-39.
The consultancy then must seek out a high level of congruence specifically on the IDV dimension if it is to be successful over time.
Using the Five Dimensions Model to plot the values of Singapore, Hong Kong, The U.S., Canada, the United Kingdom and France, the six graphics shown in Appendix A: Comparing Cultural Dimensions by Nation is created.
Comparing each nation specifically shows that of the potential candidates for expansion, Singapore, Hong Kong and France are the least favorable when analyzed purely on the IDV dimension of the model. Ironically, the team had seen Singapore and Hong Kong has having the greatest potential is actually the worst in terms of its attractiveness on the IDV dimension relative to Australia. Conversely, the United States, Canada and the United Kingdom all are more comparable to Australia on the IDV dimension of the Hofstede Cultural Dimensions Model. Next, the Uncertainty Avoidance (UAI)…
Jeffrey G. Blodgett, Aysen Bakir, Gregory M. Rose. (2008). A test of the validity of Hofstede's cultural framework. The Journal of Consumer Marketing,
Aileen Cater-Steel, Mark Toleman. (2008). The impact of national culture on software engineering practices. International Journal of Technology Policy and Management, 8(1), 76.
James H. Davis, Monle Lee, Jack Ruhe. (2008). Trust: an intercultural comparison of consumer perceptions. International Journal of Commerce & Management, 18(2), 150-165.
strength of the draft is the overall segmentation of the material. Each segment is distinct and the information contained in it is pertinent. The draft has great detail in regards to certain elements of the competition. The explanation of Telenor in particular is great. The organization of the draft is logical and follows a predictable pattern, building on the previous section. I enjoyed how you addressed the risks and benefits of the option you selected.
The description of the situation and introduction is very clear and straightforward. It is very easy to grasp the problem and the challenges that are faced by Telenor. The overall landscape of Myanmar was presented very well. The group did a great job of articulating a top-level view of the situation and the country for those who did not know. It was also great to read about the specific sectors that were employing citizens and…
A more detailed financial analysis would be needed to better determine if option 1 or option 2 is better. A recommendation that can be easily implemented is a simple Net Present Value calculation. The NPV calculation can assess if a project should be accepted or not. However, without the proper financial analysis backing up your claims, your suggestion does not have merit. In this case the NPV calculation can provide the proof needed to help determine if a strategic partner is indeed needed (Grubbstrom, 1967). Currently, the draft is completely based on assumption that may or may not have any merit. By backing these assumptions up with fact, statistics and figures, your argument has more credibility. In addition, those who do not believe in your solution have a way to verify your logic and your thinking, further increasing credibility.
1) Grubbstrom, Robert W. (1967). "On the Application of the Laplace Transform to Certain Economic Problems." Management Science 13: 558 -- 567
The company has decided that in order to expand globally, it will need to send two expatriates to two different countries. We will need one person in Dubai in order to run our EMEA business, and one person in Hong Kong in order to run our APAC business. This report will present a significant amount of discussion with respect to the business cultures in those cities, in the regions as a whole, and what the company needs to do to ensure a successful expatriate deployment.
The first thing that the company must know is that we cannot send people who have no international experience on this type of assignment. The initial expansion requires people on the ground who understand what they are getting into – they have travelled extensively and done business in the regions in question. The reason for this is that so much rides on these individuals…
Global Human Resources Management
The objective of this work is to describe International Human Resources Management and concerns about effective human resources management in the global environment. The factors that most strongly influence HRM in international markets will be discussed as well as will differences among countries that affect HR planning at organizations with international operations. As well, this work will describe how differences among countries affect HR planning at organizations with international operations. This work will further describe how companies select and train human resources in a global labor market. Discuss challenges related to compensating employees from other countries. Explain how employers prepare managers for international assignments and for their return home.
Effective HR Management in the Global Environment
Development of the global workforce is critically important and it is necessary to acknowledge that these employees work in an environment that is multi-cultural or global and general awareness programs…
Global Human Resources Management and Organizational Development (nd) ITAP International. Retrieved from: http://www.itapintl.com/whatwedo/globalhrmod.html
Haile, Semere (2002) Challenges in International Benefits and Compensation Systems of Multinational Corporation. The African Economic and Business Review. Vol. 3 No. 1 Spring 2002. Retrieved from http://www.theaebr.com/v3n1Haille.pdf
Palthe, Jennifer (2008) Managing Human Rights and Human Resources: The Dual Responsibility of Global Corporations. Forum on Public Policy. Retrieved from: http://forumonpublicpolicy.com/summer08papers/archivesummer08/palthe.pdf
Plessis, AJ and Beaver, B. (2008) The Changing Role of Human Resource Managers for International Assignments. International Review of Business Research Papers. Vol. 4 No. 5 Oct-Nov 2008. Retrieved from: http://www.*****/17.Plessis.pdf
Importance of the Global Mindset
I agree with the assertion made by Cohen that possessing a global mindset is a key and integral part to being successful in business, particularly if global expansion is an organizational goal or aspiration. To be successful in today's marketplace, leaders must understand that the world is no longer made up of only local/regional/national customers and competitors. It has been shaped by the digitized age we live in. Customers come from everywhere, for just about everything. Similarly, competition does too. This means to be truly successful, business leaders must know how to integrate a number of geographies, cultures, demographics, tastes, preferences, and business strategies from across the globe (Gumbel 2008). Leaders need an appreciation for diverse business relationships and more specialized skills to achieve their goals.
Universal cooperation is a daily business reality. The vast majority of this is due to technological advancement…
Beechler, S, & Baltzley, D 2008, 'Creating a Global mindset', Chief Learning Officer, 7, 6, pp. 40-45, Business Source Elite, EBSCOhost, viewed 17 May 2013.
Cohen, SL 2010, 'Effective global leadership requires a global mindset', Industrial & Commercial Training, 42, 1, pp. 3-10, Business Source Elite, EBSCOhost, viewed 17 May 2013.
Gumbel, P 2008, 'Big Mac's Local Flavor', Fortune, 157, 9, pp. 114-121, Business Source Elite, EBSCOhost, viewed 17 May 2013.
Massingham, P 2013, 'Cognitive Complexity in Global Mindsets', International Journal Of Management, 30, 2, pp. 232-248, Business Source Elite, EBSCOhost, viewed 17 May 2013.
Global Strategic Business
Strategic Global Business Strategies
Globalization has become a ubiquitously used word in a relatively short time. Much of this globalization trend is centered on international economic systems becoming more intertwined which have been largely technologically driven. Technology has provided a platform in which has increased the speed of information transfer and consequently provided corporation more feasible access to foreign markets. As a result of globalization, many multi-national corporations (MNCs) have begun to drive a level of homogenization throughout the international business community. Standardizing processes and incorporating technology on a global scale creates much efficiency that can reduce redundancies in business processes. This advantage has produced enormous MNCs and the trend will continue to grow indefinitely. Four issues related to this trend were chosen from a current model of global corporate dominance and will be discussed in order to provide insights on strategies in the globalized environment (Anil,…
Anil, G., V. Govindarajan and H. Wang. The Quest for Global Dominance: Transforming Global Presence into Global Competitive Advantage. New York: Jossey-Bass, 2008. Book.
Minbaeva, D., et al. "MNC knowledge transfer, subsidary absorptive capacity, and HRM." Journal of International Business Studies 34.6 (2003): 581-599. Web.
The company offers training sessions for their staff members and presents them with several incentives, such as discounts on the organization's services or employee empowerment. This virtually means that the individual staff members are valued as vital organizational assets, and their input is considered throughout the decision making process.
The second component of the transportation and logistics infrastructure is given by the fleet. This is composed from the following:
654 aircraft fleet, out of which 71 are Airbus A300; 56 are Airbus A310; 13 are AT 72s; 26 are ATT 42s; 79 are Boeing 727; 1 is Boeing DC10 (10s); 6 are Boeing DC10 (30s); 57 are Boeing MD 10 (10s); 12 are Boeing MD 10 (30s); 57 are Boeing MD (11s); 10 are Cessna 208As; 242 are Cessna 208Bs and finally, 24 are Boeing 757-200s
43,000 vehicle fleet over 100,000 power ships over 2 million ships and ship managers…
Marc h 16, 1995, FedEx Extends Tracking and Information Capabilities to America Online Users; Federal Express Customers already Using Services on FedEx Internet Worldwide Web Home Page, Business Wire
2000, FedEx Corporation SEC Filling, http://apps.shareholder.com/sec/viewerContent.aspx?companyid=FDX&docid=784953 last accessed on January 18, 2010
2010, FedEx Corporation, Hoovers, http://hoovers.com/company/FedEx_Corporation/rfhhti-1-1njdap.html last accessed on January 18, 2010
2010, The 9 Faces of Leadership, Fast Company, http://www.fastcompany.com/magazine/13/9faces.html last accessed on January 18, 2010
Global Strategic Planning Process Eestjohn
STEPS IN THE GLOBAL STRATEGIC PLANNING PROCESS
AND REASONS FOR PLANNING GLOBALLY
Following are detailed steps for the global strategic planning process:
Analyze the company's external environments: Examine the political, economic and cultural environments of the proposed country for strategic investment. Ensure these are compatible with the company's proposed international direction (portability and conversion of earnings, conducive to foreign investment).
Analyze the company's internal environment: Make sure that the internal environment supports global expansion through applicable human resources policies (selection, training, relocation and repatriation of expatriates), appropriate legal and financial support and a corporate culture that functions within foreign cultures.
Define the company's business and mission: Company direction must be clearly articulated, to ensure that the desired results for globalization are understood by shareholders, management, employees and relevant host country parties.
Set corporate objectives: Financial performance and strategic performance objectives must be established within the…
Exporting apparel to France would reveal a slightly similar difference. As integrant part of the European Union, France has removed numerous financial barriers in relationship to other EU member states. It has however intensified its barriers relative to product quality and sanitary standards. In terms of the direct relationship between France and the United States, this is generally a positive one, revealing mutual gains and lack of controversy. Efforts are currently being made to reduce the trade barriers between the United States and the EU as a whole (Buy USA, 2009).
A franchising entry strategy would reveal numerous benefits for Miana Fashion, such as reduced risks and shared responsibilities, but would also imply shared financial results. In France nevertheless, such a strategy would stand increased chances of success, supported by all political, economic, cultural and legal backgrounds. France is the leading franchising country of the European Union, with…
Dickson, D.M., August 13, 2009, Trade Panel Hits China's Import Barriers, Washington Times
Hugh, E., 2009, Global Manufacturing: France Outperforms while Spain Continues to Flounder, Seeking Alpha, http://seekingalpha.com/article/170859-global-manufacturing-france-outperforms-while-spain-continues-to-flounder last accessed on December 7, 2009
Pinto, J., 2009, Global Manufacturing -- The China Challenge, Automation, http://www.automation.com/resources-tools/articles-white-papers/articles-by-jim-pinto/global-manufacturing-150-the-china-challenge last accessed on December 7, 2009
2008, China Real Estate Market Faces Slump, NuWire Investor, http://www.nuwireinvestor.com/articles/looming-housing-slump-in-china-52103.aspx last accessed on November 26, 2009
global branding of Stella Artois
Porter's 5-forces analysis of the beer industry
Bargaining power of buyers
The bargaining power of buyers is very high in the beer industry. Consumers have many choices, spanning from other alcoholic beverages to other brands of beer, including smaller labels as well as the major brands. Also, beer is not strictly a necessity. Consumers can conceivably 'do without' if the price is too high.
Bargaining power of suppliers
The bargaining power of suppliers is also very high in the beer industry. Beer companies are critically dependent upon obtaining specific input goods to create their brews. They need a high volume of input goods to produce their product, and they need a timely and steady supply. Good relationships with bottlers and distributors are also required to take the product to market.
Competitive rivalry is extremely high. All of the major beer brands are fighting…
Caves, R.E. & M.E. Porter. (1977). From entry barriers to mobility barriers: Conjectural decisions and contrived deterrence to new competition. The Quarterly Journal of Economics, 91 (2): 241-262. Retrieved: http://www.jstor.org/stable/1885416
Sinha, S.K. & Zaid Ahmad. (2009). Global financial crisis - with special reference to insurance industry. African Journal of Marketing Management, 1(8): 184-189,
Particularly, they share risks and they also capitalize on the market and industry expertise of local economic agents. egarding the specifics of these strategic alliances, the organizational structure would be established by the local partners, whereas the control would be joint.
Finally, a last element which needs to be addressed is constituted by the influence of individualism and collectivism on workers' behavior in the two countries. From this standpoint, it has to be argued that the issues do not raise problems as both the Chinese as well as the Mexican employees are highly disciplined. Additionally, their rights -- compared to the rights of the American worker -- are limited. The importance of individuality in the workplace is barely existent and the unions -- when they are formed -- have limited powers. Additionally, the power of minorities to make a difference or pose a threat is also virtually inexistent. The concepts…
2010, North American Free Trade Agreement, United States Department of Agriculture, http://www.fas.usda.gov/itp/policy/nafta/nafta.asp last accessed on October 25, 2010
2010, The world factbook -- China, Central Intelligence Agency, https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html last accessed on October 25, 2010
2010, The world factbook -- Mexico, Central Intelligence Agency, https://www.cia.gov/library/publications/the-world-factbook/geos/mx.html last accessed on October 25, 2010
According to Cleveland and Laroche (2007), the global consumer is characterized as someone who fits in with global consumer culture. This is a culture that has certain characteristics that are static internationally, such that the global consumer can be subject to global marketing. The global consumer is understood in contrast to the local consumer. The local consumer bears strong characteristics of the local market, in their tastes and buying patterns. The global consumer trends more towards international norms. The global consumer is aware of and has some preference for international products and bears similarity to international buying patterns. In essence, the global consumer in Shanghai will have tastes and characteristics that relate more to other global consumers in Vancouver, London or Mumbai than to the people of the local Shanghai market.
Global consumers have emerged as the result of two key trends, identified in Czinkota and onkainen (2013).…
Andersson, S. & Servais, P. (2010). Combining industrial buyer and seller strategies for international supply and marketing management. European Business Review. Vol. 22 (1) 64-81.
Balabanis, G. & Diamatopoulos, A. (2004). Domestic country bias, country-of-origin effects and consumer ethnocentrism: A multidimensional unfolding approach. Academy of Marketing Science Journal. Vol. 32 (1) 80-95.
Cleveland, M. & Laroche, M. (2007). Acculturation to the global consumer culture: Scale development and research paradigm. Journal of Business Research. Vol. 60 (3) 249-259.
Czinkota, M. & Ronkainen, I. (2013). International Marketing. South-Western College Publishing.
Major Issues of the 21st Century: Who is Responsible for Addressing Global Warming?
Global warming is one of the most pressing issues in the 21st century. In the last few decades, the world has experienced higher temperatures, increased melting of ice caps, rising sea levels, more regular and more adverse weather events (such as storms, floods, heat waves, and drought), and changing rainfall patterns. We have also observed increased rain and ocean acidification, desert expansion, as well as greater species endangerment. These occurrences have largely been linked to human activity, particularly air pollution, burning of fossil fuels, greenhouse gas emissions, industrialization, and deforestation. The issue is so pressing that it threatens the ability of future generations to sustain their lives, which is ethically unfair. Indeed, global warming threatens food security, human health, human and non-human survival, as well as socioeconomic stability in the future (Cummins, 2014; Justin, 2015).…
When businesses go international, they have to operate in a more competitive, uncertain, and risky business environment. The forces present in the Global environment bring a number of challenges for the businesses; making it more difficult for them to maintain their market share, enhance profitability, and keep the customers satisfied (Cherunilam, 2007). To compete successfully and ensure a sustainable future in the international markets, business organizations have to analyze these forces carefully and strategize accordingly. Globalization has also impacted the way countries use to recognize themselves as internationally competitive and advanced than other countries (Tellis, Stremersch, & Yin, 2003).
This paper presents a comprehensive discussion on the positive and negative impacts of Globalization and the efforts which nations and business organizations make in order to become internationally competitive and keep up pace with the Globalization. The paper starts with a brief description of different environmental forces that are…
Benetton, (2012). The Group. Retrieved on May 3rd, 2012, from
CIA, (2012). Italy: Economy Overview. Retrieved on May 3rd, 2012, from
Cherunilam, F. (2007). International business: text and cases. India: PHI Learning Pvt. Ltd.
Dconti, (2012). Effects of Globalization on Italy. Retrieved on May 3rd, 2012, from
Until August, there are 2 scenarios: (1) - the YEN depreciates and the company will pay more YENs to the suppliers or (2) - the YEN appreciates and the company will pay less YENs to the suppliers, but the same amount of euros. To avoid the first scenario, McDonald's has to use currency risk tools: futures and forwards. These are agreements signed today to buy/sell a given amount of money at a given date in the future for a well defined exchange rate. Therefore, the company will sign a contract with a broker from a financial institution that will contain an agreement to buy 5,000,000EUR on the 5th of August at a 161.69YEN=1EUR parity. The former will have to cover the so called margin account, which pays respect to an amount deposited in the broker's account meant to cover potential losses with the futures or forward contract. There are 2…
The costs of research to establish such viability should also be calculated before considering expansion to foreign markets.
When initially globalizing then, it is perhaps wiser to expand to markets that are culturally and economically closer to the domestic market, with expansion to markets that are further removed considered only when the domestic clientele is sufficiently representative of the foreign market.
Other economic factors influencing global marketing decisions include issues such as countries under structural adjustment, foreign currency restrictions, as well as political involvement in economic issues. These should be carefully considered in global marketing. Examples of such countries are many eastern countries such as China. This country has recently undergone extreme changes in terms of not only politics, but also in economics. Taxation and currency laws are thus still in a process of transition, and some industries would be more successful than others in this country.
Global Business Cultural Analysis
Synopsis of Nigerian government
Nigerian monarchy to presidential system
The evolution of Nigeria from British control to a civilian democratic government
Nigerian major commodities
The major elements and dimensions of culture in Nigeria
Model of culture
Universalism or Particularize
How is the integration of elements and dimensions that Nigerians doing business in the country?
The effects of governments on the prospects for its business around the world
How the elements and dimensions compared with the United States, culture, and business?
The role of women in the workplace
Business visitors must be dressed in an elegant and tie (for men!)
Cross-cultural business transactions between the United States and Nigeria
Thurstan Shaw and Steve Daniels, who are the founder for archaeological research proved in their research that Nigeria has been developed since 9,000…
Afolayan, T.E. (2011). Coming To America: The Social and Economic Mobility of African Immigrants in the United States. Inquiry (University of New Hampshire), 6-11. Retrieved from EBSCO host.
Alutu, O.E., & Udhawuve, M.L. (2009). Unethical Practices in Nigerian Engineering Industries: Complications for Project Management. Journal of Management in Engineering, 25(1), 40-43. Doi: 10.1061 / (ASCE) 0742-597X (2009)25:1(40)
Now, the way to get found is through the internet. There are several different methods that can be used, too, and may businesses will choose a combination of methods so that they are able to reach out to the largest number of people without spending too much money. Even the largest and most prosperous companies have a budget, and they probably do not want to (or cannot) go over that budget in order to get results. With that being the case, these companies have to focus on the most popular ways to reach out to customers. To do that, the company needs to know the market it is targeting with its product or service (Amor, 1999; Beynon-Davies, 2004; Frieden & oche, 2006; Tcakz & Kapczynski, 2009).
A target market is vital to success, because any business (online or not) has to market to people who want and need what the…
Amor, D. (1999). The e-business (r)evolution. Upper Saddle River: Prentice Hall.
Beynon-Davies P. (2004). E-Business. Palgrave: Basingstoke.
Charlesworth, A. (2009). Internet marketing: a practical approach. New York: Butterworth-Heinemann.
Chaudhury, A. & Kuilboer, J.P. (2002). e-Business and e-Commerce Infrastructure. New York: McGraw-Hill.
One of the largest sources of competitive advantage for a global corporation is the ability to optimize operations on a world-wide scale by minimizing costs and maximizing revenues. This is accomplished by leveraging technology, manufacturing efficiencies, brand names, and/or capital across countries. The major thrust of Starbuck Corporation's global strategy has been to build a global brand to target customers in all major markets throughout the world. However, even with instant name recognition, the company has faced enormous challenges in applying its domestic business model to work in many foreign markets.
Starbucks was founded in 1971 as a gourmet coffee bean roaster and distributor and began to dominate the North American market over the following two decades. To continue its rapid growth and to combat the threat of future market saturation in its own domestic market, Starbucks turned its eye to international expansion in 1996 (Starbucks outlines international…
Coffee in a time of conflict: Starbucks' growth risks backlash (2003, April 17). CNN. Retrieved January 1, 2005 from Web site: http://www.cnn.com/2003/U.S./West/04/17/profile.starbucks.ap
Holmes, S, Kunii, I. Ewing, J. And Capell, K. (2003, June 9). For Starbucks, there's no place like home. Business Week. Retrieved January 1, 2005 from Web site: http://www.businessweek.com/magazine/content/03_23/b3836056.htm
Planet Starbucks (B): caffeinating the world. Thunderbird, The Garvin School of International Management. Retrieved January 1, 2004 from Web site: http://126.96.36.199/search?q=cache:vIhzOOZBQ4gJ:www.thunderbird.edu/pdf/about_us/case_series/a07030013.pdf+Starbucks+and+dominance+and+%22north+america%22& hl=en
Starbucks outlines international growth strategy; focus on retail expansion and profitability. (2004, October 14). Business Wire. Retrieved January 1, 2005 from Web site: http://www.businesswire.com/webbox/bw.101404/242885958.htm
Global Marketing -- Country Penetration Strategies
Global marketing refers to the degree to which a business organization strategizes to operate in an international market in a competitive way. This paper focuses on the Country Penetration strategies that are formulated to ensure a potential entry and a sustainable future into a new international market (Lord & anft, 2000). The increasing trend towards Globalization has opened attractive opportunities for large-size organizations to expand their business operations in potential international markets. In order to thrive and develop their strong presence in those markets, organizations need to perform a comprehensive situational analysis and formulate marketing strategies so that they can avail the attractive opportunities and encounter the possible threats (Lord & anft, 2000).
This paper covers all those country penetration strategies that are devised by large MNCs when they target some international market as a part of their expansion or growth strategy.…
Achrol, R., S., (1991). Evolution of the Marketing Organization: New Forms for Turbulent Environments, the Journal of Marketing, American Marketing Association, Vol. 55, No. 4 (Oct., 1991), pp. 77-93
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Many of them are either uddhist or Taoist, and both of these religions teach respect very seriously. In order to understand the idea of respect amongst siblings in the way that the Chinese individuals see it, it becomes necessary to also understand some of the Taoist and uddhist traditions and beliefs. These are not always seen as being very significant, largely because many individuals in the west do not understand Taoism and/or uddhism, and therefore it gets largely ignored. However, it is also important to understand the importance of schooling and how this affects the way that the Chinese individuals think when it comes to the respect that they show to their siblings (ogdan & iklen, 1992).
Integration of the Elements by Locals
Religion and usiness in China
uddhism is the religion that is generally seen in the Chinese culture. uddhists seek an elimination of suffering. The uddha teaches that,…
Balfour, Frederik. (2006). B&Q stores: Renovating China's attitudes. BusinessWeek. Retrieved from: http://www.businessweek.com/globalbiz/content/apr2006/gb20060425_120572 . htm
Bass, Frank M. The Future of Research in Marketing: Marketing Science. Journal of Marketing Research 30, 1 (1993): 1-6.
Bogdan, R.C., & Biklen, S.K. (1992). Qualitative research for education: An introduction to theory and methods (2nd ed.). Boston: Allyn & Bacon.
Cateora, P.R., & Graham, J.L., (2002) International Marketing 11th Ed. Mc Graw-Hill
As the road is being laid the fumes from the chemical materials and the concussive force of the construction equipment are devastating to local wildlife (Forman & Alexander, 1998). The result, is displaced organisms which ultimately put increased pressure for food, land, and water on other ecosystems. The extent of these ripple effects are still yet to be fully known.
In instances where above or below ground water supplies must be altered in order to make way for a new road system the effects are if anything more dire. When laying the bed of a road, it is nearly impossible to prevent a percentage of the chemicals used in the road surface itself from leeching into the soil (Forman & Deblinger, 2000). When in the presence of water those toxins are carried the course of the water supply affecting all of the vegetation and wildlife which it comes into contact…
This behavio is not consideed dishonest; in fact, and Indian peson would be consideed ude if he o she did not ty to attempt to give a peson what has been equested.
Anothe vey impotant aspect of business cultue in India is the meeting etiquette. Meeting Etiquette is influenced by all sots of cultual elements descibed above, including social class. Fo example, in India, one must geet the eldest o moe senio fist, and when leaving a goup each peson must bid faewell individually. Though shaking hands is common, this is only in big cities, whee the natives ae accustomed to Westenes. Men and women, howeve, do not usually shake hands.
The next pat of the business cultue is knowing Indian names, and whee they oiginate. Accoding to one aticle, names ae based upon "eligion, social class, and egion of the county." Fo Hindus fo example, in the noth, people…
references taken from "India: Language, Culture, Customs and Etiquette." (2011). Kwintesential. Retrieved August 13, 2011, from .
List provided by Shukla, M. (2011). "Guide to India." Executive Planet: Wiki. Retrieved August 13, 2011, from < http://www.executiveplanet.com/index.php?title=India >.
Jayaganesh, M & Shanks, G. (2009). "A cultural analysis of Business Process Management governance in Indian organizations." Department of Information Systems, University of Melbourne. Retrieved August 13, 2011, from .
Jayaganesh, M & Shanks, G. (2009). "A cultural analysis of Business Process Management governance in Indian organizations." Department of Information Systems, University of Melbourne. Retrieved August 13, 2011, from . s
McKnight, D., Stokes, P., Vilmenay, J. (2003). "India - A Market Analysis: For Staples Incorporated." University of Maryland. Retrieved August 13, 2011, from < http://www.sixsmart.com/SSPapers/subindia.htm >.
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…
BP Statistical Review of World Energy, 2008, retrieved 8, 15, 2008:
Business Week, Aug, 2007, retrieved 8, 15, 2008:
It is likely that the effects of this slowdown will be negligible, therefore.
The Balance of Germany's Trading Partners
Germany maintains an overall trade surplus of approximately a billion dollars, exporting more goods that are produced in Germany than it imports. As the largest European economy with a still-vibrant industrial and manufacturing sector, this trade imbalance is hardly surprising-it is more surprising, in fact, that the surplus is not larger than it currently stands. When it comes to Germany's specific trading partners, there are also few surprises -- the United States is a major importer of German goods, though it exports less to the Germany than do other nations; Spain, France, and Italy also have significant trade relationships with Germany -- all of them are border-sharing neighbors with the country, and all of them also have a trade deficits, importing more German goods than they export back. Given the overall…
S. Department of State). Since them the severity and frequency of bleaching events continues to increase. These bleaching events correlate with rising average sea temperatures on a global basis, rising sea levels, and more frequent tropical storms fueled by increasingly stronger heat masses (U.S. Department of State).
In addition to coral reef bleaching, the geographic ranges of many plants and animals are shifting. Plant and animal ranges are generally limited by climatic factors, with animals able to respond to climate changes faster than plants due to increased mobility (EPA, Ecosystems and Biodiversity). ecently, changes have been noticed in the ranges of several species. Those that cannot adapt to the new climate will quickly become extinct. Currently, nearly 20-30% of all plant and animal species are in danger of becoming extinct in the near future, with many of these extinctions related to climate change (EPA, Ecosystems and Biodiversity). However, climate change…
Begley, S. The Truth About Denial. Newsweek. August 13, 2007.
< http://www.newsweek.com/id/32482 > Accessed June 1, 2009.
Canadell, J., Le Quere, C., and Raupach, M., et al. Contributions to accelerating atmospheric
CO2 growth from economic activity, carbon intensity, and efficiency of natural sink.
Global Financial Strategy
Critical assessment of the proposal to raise capital locally rather than in the UK
In the analysis of the proposal of raising capital locally rather than in the UK, it is essential to consider four critical aspects: costs, risks, benefits/advantages, and limitations/disadvantages. In the presentation of this critical assessment, the focus will be on the four factors or aspect in order to offer reliable analysis of the situation.
In the process of raising capital locally rather than in the UK, the organization must incur several costs. One of the essential costs is the professional cost. This refers to the amount of money or financial resources paid to the legal advisors, auditors, and reporting accountants in order to execute the process of raising the capital effectively and appropriately. Another important aspect of cost is the trading cost. These are direct costs including the brokerage commissions and financial…
Burnham, P 2010, 'Class, Capital and Crisis: A Return to Fundamentals', Political Studies Review, 8, 1, pp. 27-39,
Carvalhal, A, & Camara Leal, R 2013, 'The World Financial Crisis and the International Financing of Brazilian Companies', Brazilian Administration Review (BAR), 10, 1, pp. 18-39,
'Chad' 2013, Columbia Electronic Encyclopedia, 6Th Edition, pp. 1-3,
Chana Kok, T, & Yap Voon, C 2011, 'Risk Factors of Commercial Banks in Malaysia', Journal Of Modern Accounting & Auditing, 7, 6, pp. 578-587,
Global Human Resource Management
McDonald's Company, responding to the growing need to train its employees and managers to provide excellent customer service to its 18, 380 branches worldwide, has established the Hamburger University. The Hamburger University was established in 1961 to serve as a worldwide Management Training Center, with its main headquarters located in Oak rook, Illinois. It currently educates and trains 65, 000 managers from around the world, and has training centers in England, Japan, Germany, and Australia. The Hamburger University in Illinois trains McDonald's employees to achieve global training in fast food restaurant management, which mainly centers on customer satisfaction and service. One of the most important features of the McDonald's global training is its ability to fuse both local and international standards of customer service. Since McDonald's caters fast food to numerous countries with different cultures, i.e., different food preferences and habits, the difficult task of providing…
Solomon, C. (1996). Big Mac's McGlobal HR Secrets. Personnel Journal, Vol 75, Issue 4.
Global Warming: Why it is not the greatest fear of the industrializing world, why it is such a great fear for the industrialized world
There is a threat that currently looms upon the horizon, in danger of choking the fragile health of the developing economies of the so-called Third World. This threat is not the so-called global warming phenomena. The long ranging environmental results of the build up of greenhouse gases in the atmosphere still remains unknown, and the data is far from conclusive. What is known by international economists is that the threat of global warming, as deployed as a kind of buzz word and media scare tactic of the environmentalist movement could impede the growth of industrialized nations and reduce the chance of Third World countries improving their living standards.
Despite the words 'Trade not Aid,' as bandied about by corporations such as the Body Shop, there is…
Global Business Cultural Analysis: Brazil
Cultural backgrounds reflect the ways and standards of living, which is unique and different for each country. In fact, the business world is also profoundly influenced by the cultural differences of the counties. This focus of this research paper, in this regard, is to analyze the cultural perspectives of doing business in Brazil. Therefore, major elements and dimensions of Brazilian culture such as business structures, management styles, communication, ethics, values, and customs are discussed comprehensively.
Moreover, the discussion has also been made on how the local businessmen integrate these cultural dimensions and elements. Indeed, a detailed comparison United States business has been made with that of Brazilian culture and business elements by means of Hofstede's dimension tool (that is particularly used for measuring cultural differences). Finally, the paper concludes with the implications for the U.S. businesses that plans and desires to conduct business in Brazil.…
Aswathappa. (2010). International Business 4E. India: Tata McGraw-Hill Education.
Beekun, R.I., Stedham, Y. & Yamamura, J.H. (2003). Business Ethics in Brazil and the U.S.: A Comparative Investigation. Journal of Business Ethics, 42(3), 267-279.
Boraas, T. (2001). Brazil. USA: Capstone.
deVries, A. & Blore, S. (2010). Frommer's Brazil. 5th Edition. USA: John Wiley & Sons.
Each region in the world has a different economic policy guided by various fundamentals and policies in place. Members of a region may dictate how the business in that particular region is conducted. Several factors therefore have to be considered by businesses and countries when they want to engage in business with one another. When doing business, a critical analysis of the host country in terms of the macroeconomic dynamics is of great importance to evaluate how they affect business and also taking into account the barriers, tariffs and regulations of trade that may affect the exportation of goods and services.
Certain regions have trade blocks that govern the rules of doing business; such regions enforce barriers to protect the economies of the member countries and to bar foreign investors and importers from providing goods and services to compete against their respective domestic products. Some countries have heavy…
For purposes of this paper, the focus is on Australia which has one of the best economies in the world. Australia is ranked thirteenth best economy with its per capita income being ranked as one of the best in the world. Its human development index is also one of the best compared to other major economies of the world with its national performance in areas such as the economic freedom, education, protection rights, health and quality of life in general still ranked high. It has one of the best organized governments with clear structures and a working constitution that governs and protects the citizens. Geographically it is one of the largest countries with six states namely; South Australia, New South Wales, Queensland, Tasmania, Victoria and Western Australia (Ralph Kelly, 2012).
Australia generally is a wealthy nation with a population of about 22.2 million; its major cities are ranked as the most livable cities in the world. The Australian dollar (AUD) which is its main currency is stronger than the U.S. dollar (USD) and the exchange rate is 1 AUD equals to 1.03810 USD an indication of a good economy for foreign investment (XE, 2012). A stronger domestic currency is good for the importers but unproductive for the country's exports in the International markets as they become expensive and less competitive. The barometer predicts a decrease in the value against the USD by 2013 with a strong performance before the 2013 down drift. Different categories of business operators expect AUD/USD to go as high as $1.06 and weaken to $1.02 by 2013 onwards (Commonwealth Bank 2012).
Australia's annual economic growth for the last 15 years is 3.6%, the GDP growth rate estimates for 2011-2012 according to World Bank ranges from 3.2% to 3.8% which is a positive indicator. The International Monetary Fund report has also indicated that it is the world's best performing advanced economy, a status that is expected to prevail in the next two to three years. The year 2012 has had a growth rate of 3.1% therefore with all the fundamentals constant, a forecast of 3.3% increase is expected in 2013. The inflation (CPI) for Australia is 2.8% while the interest rate ranges between 3-6%.The interest rate forecast remains constant as sources reveal, the rate has been constant at 3.25% for the last three consecutive months being backed up by the domestic indicators. Inflation is also expected to remain
Euromonitor.com. 17 May 2009 .
Chekalin, Alexander. "Press Service - Speech by First Deputy Minister of the Interior Militia." 8 August 2006. Ministry of the Interior, Russian Federation. 17 May 2009 .
Dzieciolowski, Zygmunt. "Russia's immigration challenge." 15 June 2007. Opendemocracy.net. 17 May 2009 .
Matthews, Owen and Anna Nemtsova. "The Kremlin Vigilantes." 14 February 2009. Newsweek. 17 May 2009 .
Monacelli, R. "Russia: Population, Immigration and the Economy." 19 February 2009. Institute for the Study of Conflict, Ideology, Policy. 17 May 2009 .
Schwirtz, M. "For Russia's Migrants, Economic Despair Douses Flickers of Hope." 9 February 2009. New York Times. 17 May 2009 .
Yasmann, V. "Russia: Immigration Likely to Increase, Mitigating Population Deficit." November 2005. Radio Free Europe Radio Liberty. 16 May 2009 .
RUSSIAN IMMIGRATION STATS:
immigrant population > Immigrants as percentage of state population
immigrant population >…
Banjanovic, Adisa. "Russia's new immigration policy will boost the population." 14 June 2007. Euromonitor.com. 17 May 2009 .
Chekalin, Alexander. "Press Service - Speech by First Deputy Minister of the Interior Militia." 8 August 2006. Ministry of the Interior, Russian Federation. 17 May 2009 .
Dzieciolowski, Zygmunt. "Russia's immigration challenge." 15 June 2007. Opendemocracy.net. 17 May 2009 .
In a slumping economy, imports decrease, but exports may hold steady. Another way in which the business cycle is related to the current account is that measure taken to address business cycle issues, such as trade barriers, subsidies or exchange rate policy can impact the current account by altering the balance of trade. However, it would take a substantial change in the business cycle in order to affect the current account at this point. The country would need to reduce imports dramatically, as happened in Argentina following their currency collapse. Regular business cycle shifts will impact the current account but the deficit is presently so large that it these impacts will not reverse the current trends unless the change in the business cycle is catastrophic.
hat is the relationship between a country's net financial inflows & its current account?
The relationship between the net financial flow and the current account…
2008 Economic Report of the President. (2008). Executive Office of the President of the United States. Retrieved November 7, 2008 at http://www.gpoaccess.gov/eop/tables08.html
Nguyen, Elena L. & Gohrband, Christopher a. (2006). U.S. International Investment Position 2005. U.S. Department of Commerce. Retrieved November 7, 2008 at http://www.bea.gov/bea/newsrel/intinvnewsrelease.htm
Korporaal, Glenda. (2007). Greenspan Gives our Deficit his Blessing. The Australian. Retrieved November 7, 2008 at http://www.theaustralian.news.com.au/story/0,25197,22,00.html
Humpage, Owen F. (2004). A Hitchhiker's Guide to the U.S. Current Account Deficit. Federal Reserve Bank of Cleveland. Retrieved November 7, 2008 at http://findarticles.com/p/articles/mi_qa5294/is_200410/ai_n24288457
Indeed, according to later reports, this is indeed what the company has done. Whether this will have the desired effect or will simply drive Blockbuster further away from their competitive edge, remains to be seen. Indeed, Netflix has the advantage of diversity in terms of its rental titles. The Johnson piece reports that Blockbuster was planning to gain customers by offering better Internet deals than Netflix. In retrospect, the problem is however that the deals are so excellent that they badly affect Blockbuster's revenues (Cruise, 2007). Indeed, the company's current strength - its in-store customers - is being undermined by its efforts to increase its online customers to compete with Netflix.
B) Blockbuster believes that it can gain competitive advantage over Netflix by offering better deals to their in store customers, which could also entice online customers away from Netflix (Cruise, 2007). uch deals include in store coupons and free…
Archer, Brent (2007, Nov. 21). Ford (F) tumbles on economic worries. BloggingStocks. http://f.bloggingstocks.com/
Cruise, Patrick (2007, April 17). Blockbuster's online focus is killing its competitive advantage. Seeking Alpha. http://seekingalpha.com/article/32374-blockbuster-s-online-focus-is-killing-its-competitive-advantage
McIntyre, Douglas (2007, Nov 14). Ford ready to shelve some autos if sales fall further. BloggingStocks.
e're going to get the whole "stating the obvious" out of the way. The company has ten retail stores, so obviously there is room to grow through geographic expansion even in a down market. e comprise an insignificant portion of the market share in this business, so to worry about fractions of percentages is almost silly. The focus of this report is going to be trying to figure out what the firm is doing wrong and how we can address those problems. The broad-based stuff is not really relevant to a small business because we're not in a position to be a national player.
According to the Bureau of Economic Analysis, GDP in Q3 of 2011 grew at 1.8%, compared with growth in Q2 of 1.3%. e don't know Q4 yet, but we did not have a stellar holiday season regardless. Because we sell general consumer products, we…
BEA.gov. (2011). Gross domestic product. Bureau of Economic Analysis. Retrieved January 16, 2012 from http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
BLS.gov. (2011). International labor comparisons. Bureau of Labor Statistics. Retrieved January 16, 2012 from http://www.bls.gov/fls/china.htm
Hoak, A. (2009). Five home trends for 2010. MarketWatch. Retrieved January 16, 2012 from http://www.marketwatch.com/story/the-five-top-trends-well-see
Homan, T. (2011). U.S. housing starts jump 9.3%, to highest in year. Bloomberg. Retrieved January 16, 2012 from http://www.bloomberg.com/news/2011-12-20/housing-starts-in-u-s-increase-to-highest-level-in-year-in-stability-sign.html
" It caused missionaries to deal with peoples of other cultures and even Christian traditions -- including the Orthodox -- as inferior. God's mission was understood to have depended upon human efforts, and this is why we came to hold unrealistic universalistic assumptions. Christians became so optimistic that they believed to be able to correct all the ills of the world." (Vassiliadis, 2010)
Missiology has been undergoing changes in recent years and after much serious consideration Christians in the ecumenical era "are not only questioning all the above assumptions of the Enlightenment; they have also started developing a more profound theology of mission. One can count the following significant transitions:
(a) From the missio christianorum to the missio ecclesiae;
(b) the recognition later that subject of mission is not even the Church, either as an institution or through its members, but God, thus moving further from the missio ecclesiae to…
Bosch, David Jacobus (1991) Transforming Mission: Paradigm Shifts in Theology of Mission, American Society of Missiology Series; No. 16. Maryknoll, N.Y.: Orbis Books, 1991.
Gelder, Craig Van (2007) the Missional Church in Context: Helping Congregations Develop Contextual Ministry. Volume 1 of Missional Church Series. Missional Church Network Series. Wm B. Eerdmans Publishing 2007.
Guder, Darrell L. (2000) the Continuing Conversion of the Church. Grand Rapids, NI: Eerdmans, 2000.
Hesselgrave, David J> (2007) Will We Correct the Edinburgh Error? Future Mission in Historical Perspective. Southwestern Journal of Theology.Vol. 49 No. 2 Spring 2007.
) (Weiss, 2011).
1. The Sloan rothers. Taking Your Startup to a Foreign Market. On the Internet at http://www.startupnation.com/business-articles/1471/1/startup-foreign-market.asp. Last retrieved on October 5, 2011
2. Weiss, Darryl. Opening in a Foreign Country; be careful. On the Internet at http://www.globalhrnews.com/story.asp?sid=158. Last retrieved on October 5, 2011
It is important for management to work on how to set up a business in a foreign country. There are so many options available, each with its own advantages and disadvantages, that management can take into considerations all these before arriving at a reasonable and profitable decision. First of all, the role of the company in the foreign market needs to be defined. According to this role, the company can act as a representative (of another foreign country or even of a local one), as an export company or a distributor (Entrepreneur, 2001).
Another decision to make is whether the company…
1. Wuorio, Jeff. 2011. 6 tips for launching a business overseas. On the Internet at http://www.microsoft.com/business/en-us/resources/startups/business-opportunities/6-tips-for-launching-a-business-overseas.aspx?fbid=pY__5kA9uk_ . Last retrieved on October 5, 2011
2. How to Start an Import/Export Business. On the Internet at http://www.entrepreneur.com/article/41846 . Last retrieved on October 5, 2011
The first thing that the management should do to ensure success when setting up shop in a foreign country is to have a substantial analysis of the market in which it will be present. A substantial analysis of the market will include several different aspects and perspective that will need to be identified, as well as the company's response to these challenges. On one hand, for example, management will need to learn about things such as the size of the market, the purchasing power and the preferences of the consumers. At the same time, management should also keep track of issues such as the competition that is active on the respective market: a high number of competitors will mean that the market may become over saturated too quickly to remain profitable for the company to set up shop there.
Employee development and training is an alternate zone. In the IT business, training is not simply about recognizing training needs and giving the presupposed training, but anticipating and reckoning the necessities and advancing suitable training to equip employees so that they can handle the challenges.
Another serious challenge is the way businesses have the ability to fuse all the sub-systems in H and help them in accomplishing a definitive objective: extraordinary performance. Individuals must be groomed to get in tune with the performance culture. Making an environment that invigorates the formation of information and its sustenance all through the organization is an enormous challenge. However, investments in Human esource Information Systems (HIS) must create, maintain, and enhance a performance driven culture. The role shifts to that of a facilitator. H will include the entire organization in this process and go about as an advisor and facilitator. This is a H…
Aswathappa, A. (2009). International business. New Delhi: Tata McGraw-Hill.
Bell, M.P. (2012). Diversity in organizations. Mason, Ohio: South-Western College.
Burke, R.J. (2005). Reinventing human resource management: Challenges and new directions. London [u.a.: Routledge.
Congress, E.P., & Gonza-lez, M.J. (2013). Multicultural perspectives in social work practice with families. New York: Springer Pub. Company.
Further more, the costs associated with transporting the incomplete vehicles are significantly lower than needing to transform the vehicles in limited batches on trailers. Besides this, it will also take less time in the entire planning structure and the vehicles can reach the final consumers much faster. A strong recommendation resides thus in a 3-country production scheme, where the company can benefit both from lower costs in some of the countries and from increased proximity to the targeted market.
Given the uncertainty of the business venture, it is recommended that the company starts off with a limited number of vehicles, a first test batch and, following the potential results obtained, can then continue the expansion and follow up even with different brands and types of vehicles.
Globalization implies a constant competition on the market and a continuous fight, both for resources and for markets and consumers. This is why…
This is true regardless of your belief on this particular issue.
In the last work to be discussed in this document "Global arming and Ozone Layer Depletion: STS Issues for Social Studies Classrooms" there is a cry, by educators to come to terms with the facts about global warming and get a sense of how to teach these facts to educators and students. The information being given to educators is depressing, as one student educator stated and figuring out a way to teach the issues is difficult. ithout the development of a greater understanding of the "butterfly effect" of technology there will likely not be a more responsible humankind.
If the global warming trend continues, the results could be depressing indeed: melting polar ice along with thermal expansion of the oceans could raise the sea level, flooding coastal cities, and many agricultural landscapes could dry out, becoming deserts. And yet,…
Cline, William R. The Economics of Global Warming. Washington, DC: Institute for International Economics, 1992.
Johansen, Bruce E. The Global Warming Desk Reference. Westport, CT: Greenwood Press, 2002.
Parsons, Michael L. Global Warming The Truth behind the Myth. New York: Insight Books, 1995.
Rye, James A., Donna D. Strong, and Peter A. Rubba. "Global Warming and Ozone Layer Depletion: STS Issues for Social Studies Classrooms." Social Education 65.2 (2001): 90.
" The final force of collaboration, which Freidman (2006) calls "informing"-which are search engines like Yahoo, Google, MSN, etc., which has facilitated "Internetizer technologies" to work together with limitless information all by itself (Freidman, 2006).
Therefore, the initial three flatteners formed the novel stage for cooperation, and the subsequent six have been the novel shapes of cooperation that flattened the world. The last flattener is referred to as "the steroids," and these have been regarded as "wireless-access" along with "voice-over-Internet-protocol (VoIP)." The steroids have accelerated these novel kinds of cooperation, which has allowed "Internetizer technologies" to execute anyone of them, from anyplace in the world, using any tool (Freidman, 2006).
The first convergence took place when all ten flatteners united around the beginning of the new millennium. This formed a worldwide, Internet-enabled in performing ground that permitted manifold kinds of cooperation on R&D and work, regardless of not…
Barca, F. And Becht, M. (2001). The Control of Corporate Europe. Oxford: Oxford University Press.
Chun, R. (2001) 'The strategic management of corporate reputation, aligning image and identity, PhD dissertation, Manchester Business School, University of Manchester.
Freidman, Thomas L. (2006), the World is Flat, (Newly Abridged and Revised), Penguin Books, Camberwell Victoria.
Global E-Business Marketing
These jet streams, found over both the Atlantic and Pacific Oceans, redistribute and influence weather patterns. They have created currents and trade winds which people have used as oceanic trade routes for centuries.
At the other extreme of the spectrum is the Polar Cell, located in the much cooler areas of the Earth. It is located in the most remote regions of the Earth, starting at around the 60th parallel. The Polar Cells are dominated by cold air caused by "Strong radiational cooling near the poles causes polar air to become cold and dense, which in turn causes it to sink," (Washington & Parkinson 2005:17). Cold air becomes extremely heavy and falls back towards the Earth's surface. The cell itself is extremely weak "although it remains detectable in times of averages of the air circulation," (Washington & Parkinson 2005:17). Like the Hadley Cell, the Polar Cell is driven by heating…
Manahan, Stanley E. (2006). Environmental Science and Technology: A Sustainable Approach to Green. CRC Press.
Vallis, Geoffry, K. (2006). Atmospheric and Oceanic Fluid Dynamics: Fundamentals and Large-Scale Circulation. Cambridge University Press.
Vecchi, Gabriel a.; Soden, Brian J.; Wittenberg, Andrew T.; Held, Isaac M.; Leetmaa, Ants; & Harrison, Matthew. (2006). Weakening of tropical Pacific atmospheric circulation due to anthropogenic forcing. Nature. No. 441:73-76.
Washington, Warren M. & Parkinson, Claire L. (2005). An Introduction to Three Dimensional Climate Modeling. University Science Books.
Global Nova Case Study
A Case Study in Entrepreneurship and Corruption
GlobalNova was conceived by a Brazilian Engineer while working for IBM. He allied himself with a Brazilian Politician from the southernmost State of io Grande do Sul (S). Politician approached a local business Tycoon, whose family controls the largest steel company in Brazil, for start-up financing for "a company to exploit the internet." (Gerdau, 2011) Tycoon, thinking that Politician was looking for the usual political hand out, readily agreed. Tycoon frequently mentioned that his family recognized the realities of making sure that his representative in Brasilia was treated well. Later he was astonished to learn that his money had actually been used to fund the early operations of GlobalNova. (Consultant, 2011)
Voice over the Internet
From the initial "fuzzy" objective, Engineer decided that the best opportunity would be to use the internet to transmit international long…
Business Anti-Corruption Portal, Brazil Country Profile. Retrieved February 3, 2011 from www.business-anti-corruption.com
Consultant, 2011, Personal Interview
Datora Telecom, Brazilian international outsourcing telecom operator. Retrieved February 4, 2011 from www.datora.net
Delaware, "Why do so many companies incorporate in Delaware?" Retrieved February 3, 2011 from http://corp/delaware.gov
A good example of this can be seen with the constant declines in consumption since 1966. This is important, because it shows how despite an implosion in demand, many producers felt that their underlying business model would overcome these issues. (artlett)
How New World Growers were able to pose a substantial Threat?
New world growers were able to pose a major threat by using some the latest techniques to address the underlying problems. This can be seen through VRINE analysis, as: the lower price would represent value, the unique taste showing rarity, the same kind of wines as old world producers highlighting imitations, the growth in other regions of world signaling no sustainability and the expansion into new markets showing explore ability. These different elements are important, because they are highlighting how new world producers were able to create a shift in consumer tastes (posing a substantial threat). (artlett)
Bartlett, Christopher. (2003)." Global Wine Wars." Harvard Business School, 21 July 2003. Print.
MLA Format. http://owl.english.purdue.edu/owl/resource/747/01/
There are also some words that are used, which do not translate into English such as privacy. This is because the cultural traditions of Russia do not understand such concepts, which makes translating certain ideas more challenging. (Richmond, 2009, pp. 109 -- 117)
Russian is a Slavic language that has close ties to all of the different European languages including: English and German. This means that many of the root words are similar to what is used in the common languages spoken throughout the West. However, as far as the alphabet is concerned, the language will utilize what is known as the Cyrillic alphabet. This is different from Western languages, as each of 32 different symbols will represent particular roots of certain words. When reading the language and learning Russian, the basic alphabet will help foreign business executives to navigate their way around. With the alphabet is pronounced…
Andresen, F. (2007). Walking on Ice. Denver, CO: Outskirts Press.
Ayios, A. (2004). East West Relationships in Russia. Trust and Western Russian Business Relationships. (pp. 156 -- 180). Burlington, VT: Ashgate.
Horton, P. (2006). Religion. Russia and Belarus. (pp. 77 -- 83). Melbourne: Lonely Planet Publications.
Jones, A. (1994). Education and Society in the New Russia. Armonk, NY: ME Sharpe.
It is also an excellent way to ensure that they will also participate to a long-term vision of the company.
The company has at this point several potential alternative solutions. The first solution would involve not restructuring the business, keeping the same business format, but trying to increase revenues by diversifying the portfolio and by creating new services that will provide the technological competitive advantage needed. The company does not need to outsource its call centers to India and Ireland, for example, but it can use these countries to create technological centers in these countries, so as to benefit from the cheap technology being developed in these countries.
The second alternative solution is to work exactly on the strategic plan proposed by the current management, including outsourcing and layoffs. However, this will need to be doubled by measures to counter morale decline and to ensure that the remaining…
Ethics Must Be Global Not Local
Ethics Must Be Global, Not Local
International Business equirements
Global Business Ethics
The large business units expand their operations in global markets through their own presence as well as franchising and distributors. The business operations are expanded on the basis of various standard practices. The business freedom provided by countries and various global practices are utilized as a basis for taking global operational decisions. The business also encounters various legal, operational, and ethical issues related to the local market. However in order to expand business beyond borders and physical boundaries of countries it is required to maintain a degree of uniformity in products and ethical practices followed throughout the manufacturing processes. It is advised to understand various aspects of international business requirements, global operations, ethical practices, and recommendations to assert a standard for global ethical business operations.
International Business equirements:
Beer, L.A. (2010). A Strategic and Tactical Approach to Global Business Ethics. USA: Momentum Press.
Ferrell, O.C., Fraedrich, J., & Ferrell, L. (2012). Business Ethics: Ethical Decision Making & Cases. USA: South-Western Pub.
George, B. (2008, February 12). Ethics must be global, not local. Bloomberg BusinessWeek, Retrieved from http://www.businessweek.com/stories/2008-02-12/ethics-must-be-global-not-localbusinessweek-business-news-stock-market-and-financial-advice
Martens, P., Akin, S.-M., Maud, H., & Mohsin, R. (2010). Is globalization healthy: a statistical indicator analysis of the impacts of globalization on health.Globalization and Health, 6(1), 16.
The rules and regulations are designed to level the competition and to disrupt advantages of a country based on price and favored tax status. All of the countries in the union must abide by these tax and trade regulations. In January of 2004, Denmark and Sweden were forced to remove import restrictions on alcohol purchased for personal consumption (EPHA, 2007).
A recent decision by the European Court of Justice (ECJ) determined that the Swedes have attained a monopoly on alcohol. They are attempting to limit the general consumption and limit underage drinking in their country. Alcoholism is considered to be problematic in Sweden and lawmakers see a need to take measures to attempt to curb overall consumption of alcoholic beverages.
The effects of this decision are two-fold, when one considers the impact on expanding Olde Distillerie products to Sweden. The first affect is that this decision supports alcohol as an…
Celtic Whisky Campagne. 2003. History of Whisky and of Distillation (I).[Online]Available at: http://www.celtic-whisky.com/histrya.htm. Accessed 24.
European Public Health Alliance. (EPHA). (2007). *UPDATED* ECJ case on Swedish alcohol retail monopoly. [Online]. Available at: www.epha.org/a/2239Accessed 23 December 2007 [Accessed 23, December 2007].
FedEx. 2007. Czech Republic. Country Profile. [Online] Available at http://www.FedEx.com/us/international/irc/profiles/irc_cz_profile.html?gtmcc=us [Accessed 26, December 2007].
FedEx. 2007. Ireland. Country Profile. [Online] Available at http://www.FedEx.com/us/international/irc/profiles/irc_ie_profile.html?gtmcc=us [Accessed 26, December 2007].
Dell Computer Corporation Expansion Overseas
In the past ten years, foreign expansion has become a major part of the business community. Many companies are seeking to expand globally in an attempt to maximize profits. This research paper will explore the foreign expansion of the Dell Computer Corporation. e will explore the ways in which this relatively young company has expanded overseas. e will examine the history of the company, the industry and the ways in which the company has expanded.
History of Dell
Dell Computer Corporation was founded by Michael Dell in 1984 and was incorporated in 1987 and has grown substantially in recent years. ("Dell Computer Corporation (NASD) - Business Description") The growth of the company has been unprecedented in lieu of the relatively young age of the corporation. ("Dell Computer Corporation (NASD) - Business Description") The headquarters for the corporation is located in Austin, Texas Dell's products include…
About Us. http://www.gateway.com/about/coinfo/corpbg.shtml
Company Overview. Dell Computer Corporation Corporate Web site. © 2001-2002 Dell Computer Corporation. http://www.dell.com/html/us/corporate/brochure/global.htm
Computer Hardware Industry and Profile." Yahoo Finance. http://biz.yahoo.com/ic/12.html
Dell Claims Major Inroads in Chinese Market." ComputerGram International. Issue: Sept 30, 1999. http://www.findarticles.com/cf_0/m0CGN/3758/55943311/p1/article.jhtml?term=Dell+foreign+expansion
HM Issues in Global Business Expansion
Introduction to Human esource Management
In the last several decades, human resource management (HM) has evolved into a major component of modern business organizations (George & Jones, 2008). In principle, HM functions have always been part of professional business management; however, it became a distinct professional field with dedicated specialists only since the latter part of the 20th century. Generally, HM consists of all of the processes and functions that relate to personnel management, from the entire cycle in between recruitment and retirement or alternative ends of careers such as voluntary departure and involuntary termination. More specifically, HM departments typically handle the hiring process, new-employee orientation and training, the resolution of personnel issues and conflicts, benefits administration, employee performance review, and post-employment debriefing processes (George & Jones, 2008).
Contemporary Human esource Management in the Age of Globalization
In the age of globalization, HM departments…
George, J.M. And Jones, G.R. (2008). Understanding and Managing Organizational
Behavior. New Jersey: Prentice Hall.
Halbert, T. And Ingulli, E. (2008). Law & Ethics in the Business Environment.
Cincinnati, OH: West Legal Studies.
Administrative and political distance risk is most seen from the standpoint
of legal and financial institutions, the monetary systems and political
associations and the role of foreign governments in defining the barriers
to entry for foreign businesses. Geographic distance risks have more to do
with the physical distance and varying climates. The geographic distance
set of risks also capture the lack of potential infrastructure due to
remoteness. The economic distance risk assessments include the different
information or knowledge process workflows throughout a culture and the
blind-spots this causes for many companies in creating the strategies to
move into another company. There are many risks also present in the
economic distance of given foreign nation, emanating from the differences
in consumer incomes and wide variations in costs and quality of natural,
financial, and human resources.
In assessing the risks of global expansion, it is critical to consider the
use of analytical…
Ghemawat (2001) - Distance Still Matters: The Hard Reality of Global
Expansion. Harvard Business Review. Pankaj Ghemawat. Harvard Business
School Press. Cambridge, MA September, 2001.
global strategy, retail giant Wal-Mart has a few different factors to consider, as is evident in the Newsweek article, "Wal-Mart World." Not only does Wal-Mart have certain factors that must be taken into account when considering their global strategy, but these choices differ from country to country.
According to the article, "Wal-Mart is the No. 1 retailer in the United States, Canada and Mexico, growing rapidly in Asia, but still a minor player in Europe and South America." This can be attributed to the ways in which Wal-Mart attempts to expand into these regions. For example, when considering whether or not to move into a region and how the process shall be achieved, Wal-Mart must look at things such as the country's current economy, local labor laws, how the country's market operates, what sort of government regulations are in place, and the country's culture, to name just a few.
Ernsberger, Jr., Richard. Wal-Mart World. Newsweek. (International ed.). New York: May 20, 2002. pg. 50.
Kotler Marketing Group. Defensive Strategy in Price Wars -- Asda. Retrieved November 14, 2003. Web site: http://www.kotlermarketing.com/resources/miltonkotler/seeds/s18.html .
Wal-Mart Stores. Third Quarter Earnings Call. Retrieved November 14, 2003. Web site: http://www.walmartstores.com/wmstore/wmstores/[email protected]@@@[email protected]@@@&BV_EngineID=ccciadcjjgkgekmcfkfcfkjdgoodglg.0&pagetype=news&template=NewsArticle.jsp&categoryOID=-8298&contentOID=13385&catID=-8248&prevPage=NewsShelf.jsp&year=2003 .
.....pursuing graduate studies for professional and personal advancement. A graduate program for professional improvement will prime me for a profession in business, civil service, and nonprofit settings. The programs merge discipline-specific and complex coursework with competence such as critical thinking, multitasking/time management, and analytical thinking that are carried over even with change of profession. Moreover, completing a graduate degree signifies steadfastness, purpose, strength of mind and resilience, and individuals who possess these notable qualities are in great demand to fill innumerable positions. According to NYU (2015), my advancement within an organization lies in my ability to prove success in a long-term state requiring strength, discipline, and the willingness to work cooperatively with others.
On the personal level, earning a graduate degree will not only expand and strengthen my education, but it will also instill significant skills and fresh knowledge to become a successful frontrunner and innovator at the conclusion of…
In regards to the on-going projects hosted by the UFE (United for a Fair Economy), two current campaigns include preserving the U.S. Federal Estate Tax and global economic justice. With the Federal Estate Tax, the UFE sees this as crucial to defending a progressive taxation system and wishes to "continue the fight to keep a reformed estate tax" ("UFE Programs and Projects," 2007, Internet) in order to assist Americans who live mostly in the middle classes as compared to the wealthy who would greatly benefit from the elimination of the estate tax. As to global economic justice, the UFE sees this as mandatory in order to help low-wage workers in all parts of the world and considers this as part of the acial Wealth Divide program which addresses the racial disparities of wealth. Clearly, these projects, if successfully implemented, will greatly assist low-wage and dispossessed workers and laborers by providing…
UFE Programs and Projects." (2007). UFE: United for a Fair Economy. Internet. Retrieved January 25, 2009 at http://www.faireconomy.org/about_ufe/programs_and_projects.
UNI Global Union." (2005). Internet. Retrieved January 25, 2009 at http://www.uniglobalunion.org/uniflashes.nsf/by%2BDate/832E3AA27FC18A17C1256FDC00392D 26?OpenDocument.
global impact, as well as how it related to the programmatic level. ased on that original idea and any feedback you received from your classmates in the Discussion, you will extend that idea and develop an outline for a logical, scholarly argument on the topic
Trend in the field: Offering high quality, low-cost products through outsourcing
Like many businesses, my bus company is faced with the challenge of offering low-cost products in an increasingly competitive international transportation marketplace. Globally, no single autobus firm can command more than 20% of the marketplace (Global bus market, 2013, Free Patents Online).Our buyers want products that are of high quality, meet national safety standards, and yet are priced competitively. To meet this challenge, many companies, including my own, have used outsourcing as a way to lower labor costs. We have recently opened up a factory in China. The decision was a difficult one, and…
Barboza, David & Louise Story. 2007. Toymaking in China, Mattel's way. The New York
Times. Available: http://www.nytimes.com/2007/07/26/business/26toy.html?pagewanted=all&_r=0
[19 Jan 2013]
Global bus market. 2013. Free Patents Online. Available:
Globalization & Leadership
Leadership itself, even within a single country or other geographical area, is complex enough but it can become all the more complex and wide-ranging when speaking of a firm or organization that spreads into a new country or series of countries. Many countries that have become part of the globalization landscape are completely different and on many levels than the West and this would include Central and South America as well as Southeast Asia. Even so, there are good and commonsense ways to expand in areas like this while not rubbing the local populace the wrong way or abandoning the core values of the home company and home country in question. While avoiding all cultural and other faux pas is impossible a lot of the time, there are indeed ways to avoid many to most of them.
One major way that leadership on a global scale…
Davis, D. (2014). The Pedagogy of Leadership and Educating a Global
Workforce. International Journal of Progressive Education, 10(2), 32-36.
Mabey, C., Kulich, C., & Lorenzi-Cioldi, F. (2012). Knowledge leadership in global scientific research. International Journal of Human Resource Management, 23(12),