International Business Environment
Outline and critically discuss the criteria by which they judge whether or not a country is stable.
International businesses faces a number of risks when they decide to operate overseas. Their ability to make sound investment decisions and to address those risks is directly related to the stability of the country in question. Firms therefore need to develop mechanisms for measuring stability before making the decision to enter a market. There are a few different ways of understanding stability -- political stability, economic stability and exchange rate stability are perhaps the most important, although workforce stability and legal stability are also relevant for many organizations.
Political Stability
International businesses operate in countries with vast differences in political structures and systems. From Communist to totalitarian to capitalist nations, international business must make adjustments for operating based on the local government conditions. Doing this is complicated with the nation in question has a…...
These can create significant management problems due to the impact of different cultures, taxation and pricing, the complexity of choosing the optimal structure for international business, high political risks and many other issues.
The specifics of financial planning is determined by the following problems, including volatility in exchange rates, particularly the national taxation, revaluation of currencies, possible difficulties with the export of funds from abroad, problems with in-house transfer pricing, and problems in terms of estimating performance of foreign subsidiaries. The best known areas of international business development are in wholly-owned subsidiaries, joint ventures, licensed concerns, franchise agreement opportunities, exports and imports and offshore production. In the competitive business market of today there is so much competition that most companies sell outside the country to increase the total sales volume (ibid 69-70).
The increasing internationalization of all types business is requiring that managers have a global business perspective and also an…...
International Business of Starbucks
Starbucks Corporation established in 1971 has its headquarters based in Seattle, Washington. The company is the leading and largest coffeehouse company, with a wide coverage of the market across the globe (Simon, 2009). It is a global coffee company and chain of coffeehouse stores, operating in over 50 countries all over the world. At its founding, it was a mainstream coffee bean roaster and retailer. The company founders were a group of three partners, who were students in the University of San Francisco at the time of its establishment. Originally, Starbucks only roasted whole coffee beans, without brewing, but later came to incorporate aspects of brewing and other products. They used to get supplies from Peet's, but later bought Peet's and started dealing directly with the growers, hence began to expand (Simon, 2009). Eventually, the company expanded in the 1980's and 1990 is within the America's and…...
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References
Simon, B. (2009). Everything but the Coffee: Learning about America from Starbucks. Berkeley:
Fitzgerald, M. (2013). How starbucks has gone digital. MIT Sloan Management Review, 54(4),
The localization strategy into Vietnam is also characterized by the fact that it ensures higher levels of business diversification for the company, which in fact serves the number one rule of investments -- portfolio diversification. This in essence means that, through the penetration of the Vietnamese market, the company would increase its sources of revenues and it would decrease its dependency on the more traditional manufacturing plants.
Finally, the localization strategy also allows Win-win to gain potential marketing advantages by creating customer awareness and generating demand for the company's products, even when the company only produces them in the Southeast Asian country (Quick MBA).
The need for the localization strategy is give by the fact that Win-win, as well as any other economic agent, cannot simply adopt a strategic model as it arises within the specialized literature. It as such has to customize it in order to meet its unique situation, such…...
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References:
Grant, R.M., 2008, International business: competing in the global marketplace, Oxford, U.K., Blackwell 9781405163095
Hill, C., Jones, G., 2009, Strategic management theory: an integrated approach, 9th edition, Cengage Learning
International Business
The Effect of National Culture on the Choice of Entry Mode
Foreign direct investment has increased dramatically over the last couple of decades and this trend has been studied. However, it is argued that the entry model form many of these investments has not been studied with the same rigor. It is commonly thought the composition of national cultures on Hofstede's scale and the distance between the two cultures influences the model of entry that is chosen. The study proposes that the cultural distance between two cultures as well as the uncertainty avoidance principles will guide the selection and compares data on 228 entries into the U.S. market through acquisition, wholly owned greenfield, and joint venture. The study finds several correlations in the data and concludes that the entry mode is influenced by cultural factors.
Position of the Author
The position of the author is that there is a gap in the…...
International Business
South Korea International Business
South Korea: Introduction and Business Potential
South Korea is the 12th largest economy in the world. It has made tremendous growth in all manufacturing, industrial, and services sectors to become economically and technologically strong. Due to rapid economic growth and positive governmental behavior, South Korea has become an attractive target country for foreign corporations for their international business expansion strategies (Central Intelligence Agency, 2013). However, these foreign corporations face huge differences in the cross-cultural values, marketing practices and ethical values when they enter into South Korean market (Ball, 2010).
Cross Cultural Differences
Language Barriers:
The most significant cross-cultural difference which the U.S. businesses face in South Korea is the language barriers. In the U.S., people speak louder and more aggressively; whereas in Asian countries like Korea, they are soft in voice tone and communication styles. Moreover, differences exist in the native language and English-accent in the South Korea. This cross-cultural…...
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References
Ball, D.A. (2010). International Business: the Challenge of Global Competition, 12th Edition. Boston: McGraw Hill.
Central Intelligence Agency, (2013). East & Southeast Asia: Korea, South. Retrieved on June 8th, 2013, from
Hill, C.W. (2013). International Business: Competing in the Global Marketplace, 9th Edition. New York: McGraw-Hill.
Lee, Y. & Trim, P.R. (2008). Entering the South Korean market: a marketing-planning process model for marketers based in overseas companies, Business Strategy Series, 9 (5): 272-278.
International usiness
Over the last several decades, globalization has been having profound impact on the way businesses are operating. This has created shifts in the markets for a wide variety of corporations seeking to aggressively expand into these areas to increase their overall profits. A good example of this can be seen with a study that was conducted by the UN Conference on Trade and Development. They found that nearly 90% of domestically-based companies would like to aggressively expand into other markets. This is significant, because it is showing the tremendous opportunities that globalization has created for businesses to be able to increase their overall profit margins. ("Companies to oost Overseas Investment," 2011)
In the case of the Gulf Cart, this is providing an opportunity to begin aggressively expanding rapidly into the ahamas. However, to ensure that the company can be successful over the long-term requires creating strategy that will account for…...
International usiness and the Regions
How far has the competitiveness of two East Asian firms been based on: (1) national networks and institutions, including localised clusters; (2) regional links and networking across the East Asian region; (3) transnational links beyond the East Asian region and; (4) support from the policies of one or more East Asian governments?
Over the last several decades, globalization has been having a tremendous impact on the way many corporations are interacting with customers. Part of the reason for this, is because of advancements in technology and a liberalizing of trade barriers have caused commerce to increase. As, corporations are seeking out those areas, where they can: introduce new products or services and be able to capture as much of the local market as possible. At the same time, they are looking for regions that can help to: reduce their labor costs and import the finished products to…...
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Bibliography
Acer, 2007, Data Monitor. Available from: [9 June 2011]
Acer's Manufacturing Base, 2011, The Asia Career Times. Available from: [9 June 2011].
Chinese Market is Hard, 2007, Softpedia. Available from: [9 June 2011].
Hyundai, 2011, Economic Times. Available from: [9 June 2011].
International Business 5 Pertinent Topics
The Cultural Effect on International Business
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Political Issues Affecting International Business
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Regional Economic Integration AND INTERNATIONAL Business
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Impact of Exchange Rates on International Business
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Corporate Strategy in International Business
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An Analysis of International Business Today
No one can dispute the fact that the world economy is increasingly globalizing as we move into the 21st century. As this internationalization of business grows, there is an increasing challenge being faced to deal with cultural differences. In one survey, cultural differences ranked first among all eight issues listed as potential barriers, including law, price competition, information, language, delivery, foreign currency, time differences, and cultural differences. Great opportunities have been created for global collaboration but these opportunities are accompanied by a unique set of problems and issues relating to effective management in the international environment. The social and cultural nuances that enter the picture when dealing with foreign business partners may make for entertaining conversation in…...
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Works Cited
Edwards, Cliff, Jim Kerstetter, Bruce Einhorn and Paul Magnusson. Why China is Making the Valley Fret. Business Week 29 Mar 2004: 50-51.
Fan, Pan and Zhang Zagang. Cross-cultural Challenges when Doing Business in China. Singapore Management Review 26.1 (2004): 81.
Greenlees, Donald, and Jan McCallum. Macquarie Makes Its Move On Asia. Far Eastern Economic Review 167.12 (2004): 38-4.
Pastor, Robert A. North America's Second Decade. Foreign Affairs 83.1 (2004): 124.
International usiness
Small and medium enterprises (SMEs) or could also be referred to as small and medium-sized businesses (SMs) are firms with a limit as to the number of personnel who operate and run them. Small enterprises are usually more than large companies are. They also employ many more workers. SMEs have the capacity for enhancing innovation and competition in different economic sectors in a market (eck, 2000).
Many SMEs are involved in large-scale and global activities. It is only a small number of these firms that are involved in internationalization that goes far beyond the international market. Imports and exports are the commonest forms of internationalization. Some of the internationalization activities include technological co-operation with a foreign partner, acting as a subcontractor to a foreign partner and participate in active foreign direct investment. The level of internationalization and the company size are closely related. Companies will larger business operations are always…...
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Bibliography
Barber, J., & Alegre, J. 2010. Reshaping the boundaries of the firm in an era of global interdependence. Bingley, U.K.: Emerald
Beck, K. 2000, Extreme Programming Explained: Embrace Change. Amsterdam: Addison-
Wesley Longman.
Crick, D. & Chaudhry, S. 2013, An Exploratory Study of UK Based Asian Family-Owned
International usiness: Nike Corporation
International business
Nike Corporation
The purpose of this work is to research Nike Corporation in relation to international business through the conduction of a SWOT analysis of the company, as well as analyzing the industry. Further this paper will examine the top competitors of Nike Corporation as well as the international factors and elements which affect the corporation either positively or negatively.
Nike Corporation states on the Nike.com website that the Nike Foundation is "a reflection of the Nike Culture." The stated mission of the Nike Corporation is reflected in their statement of commitment to "assisting youth to achieve both their personal goals as well as to contribute to the overall betterment of society." The Nike Corporation's stated goals are to:
Assist young people in understanding their power of ignition of positive change and then to provide the youth with tools needed in this action.
Engaging youth in the debate and decisions…...
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Bibliography:
Nike Reports First Quarter Earnings Per Share up 23%; Worldwide futures orders increase 9.9% (2005) Jan Press Release for Immediate Release [Online] available at:: //www.nike.com/nikebiz/invest/pdf/q105.pdf
International Business Model I
International Business Model: eBay
In order to understand the international market and what eBay has to offer in that market, it is important to discuss the company in light of the 4 Ps (product, place, promotion, and price). That can provide a better understanding of why eBay failed in some Asian markets and why it struggled for some time before seeing success in others. While eBay is a highly popular site in the U.S., the UK, and a few other countries, that did not mean it could automatically move right into Asian countries or others and do just as well. There were issues it had to address, and some unexpected difficulties that appeared even though the company did not feel it would have to worry about them and/or thought it had covered all the bases with the particular country into which it was moving.
EBay's product was not really…...
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References
Cohen, A. (2002). The Perfect Store: Inside eBay. NY: Little, Brown & Company.
Jackson, E.M. (2004). The PayPal Wars: Battles with eBay, the Media, the Mafia, and the Rest of Planet Earth. NY: World Ahead Publishing.
Nissanoff, D. (2006). FutureShop: How the New Auction Culture Will Revolutionize the Way We Buy, Sell and Get the Things We Really Want. NY: The Penguin Press.
Walton, K. (2006). FAKE: Forgery, Lies, & eBay. NY: Simon Spotlight Entertainment.
International Business Management
AccuForm Corporate Corruption Case Analysis
Establishing a subsidiary in a foreign nation poses many challenges. Corporate leadership challenges can often be the most daunting to resolve. One a most challenging leadership challenges is that of ethical considerations and corporate corruption. Corporate cultures differ and these differences can create major difficulties for foreign subsidiaries. This case involves corporate espionage and the theft of proprietary product information, as well as the unauthorized use of a corporate trademark. In the midst of this scandal, AccuForm faced public humiliation for actions that they did not take. Kim now faced challenges about how to present these problems to the board can help to distance the company brand from these incidents. This analysis will explore the many facets of this case.
Social, Ethical and Legal Challenges
This case highlights the social, ethical, and legal challenges that a company can face when operating a joint venture in a…...
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References
Hofstede, G. (1997). Culture's Consequences, International Differences in Work-Related Values (Cross Cultural Research and Methodology). Sage Publications, Inc.
Hooker, J. (2009). A Cross-Cultural View of Corruption. Ethisphere. 2 November 2009.
Lau, A. & Wong, R. (n.d.). AccuForm: Ethical Leadership and Its Challenges in the Era of Globalization. Asia Case Research Centre. University of Hong Kong.
1. Analysis of the current situation of Creo Company OverviewCreo Medical operates in the highly competitive medical devices industry. Here the company primarily utilized electrosurgical products that are provide a distinct competitive advantage for the company. Here, the company leverages electrosurgical products to help save time and costs while also improving patient outcomes. Here, the company has patented its CROMA Advanced Energy Platform. This platform is used to deliver radiofrequency energy through a single access point with the body. This innovation allows medical professionals to delivery a much more precise surgical option for patients. This energy allows patients to cut, coagulate and ablate for a range of electrosurgical devices more precisely. This is unique within the industry as the technology is patented and is proprietary. In addition, the team is comprised heavily of innovative individuals who can properly leverage future medical advances to further innovate the overall product portfolio.The company…...
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References
1. Cavusgil, S. T., & Knight, G. (2015). The born global firm: An entrepreneurial and capabilities perspective on early and rapid internationalization. Journal of International Business Studies, 46(1), 3–16. http://www.jstor.org/stable/43653740
2. Logsdon, J. M., & Wood, D. J. (2002). Business Citizenship: From Domestic to Global Level of Analysis. Business Ethics Quarterly, 12(2), 155–187. https://doi.org/10.2307/3857809
3. Miller, K. D. (1992). A Framework for Integrated Risk Management in International Business. Journal of International Business Studies, 23(2), 311–331. http://www.jstor.org/stable/154903
My Career GoalsFrom the onset, it would be prudent to note that after completing TSU, I intend to venture into business and become an international businesswoman. This is my overall goal. Thus, it should be noted that there are several other smaller objectives that I will have to first accomplish so as to achieve the grand goal of becoming an international businesswoman. To begin with, I first intend to acquire the relevant experience in international business. This is more so the case in relation to familiarizing myself with the laws and regulations governing the conduct of international business, understanding the geopolitical events that could have an effect on business, etc. Secondly, I intend to establish the relevant connections with those already operating in this realm of business. The insight gained from such persons could come in handy in efforts to acquire the relevant tips and secrets of international business. Further,…...
1. The importance of ethics in business decision making 2. The impact of technology on modern business practices 3. The role of corporate social responsibility in business operations 4. The benefits and challenges of globalization in the business world 5. The influence of culture on international business practices 6. The significance of leadership and management in successful business operations 7. The effects of digital marketing on consumer behavior and business success 8. The role of innovation in driving business growth and competitiveness 9. The importance of sustainability in business practices 10. The impact of financial management on business success
11. The role of entrepreneurship in driving economic growth and innovation 12.....
The Importance of Ethical Decision-Making in Business Sustainability and Corporate Social Responsibility: Balancing Profits and Planetary Health The Role of Business in Addressing Social Issues Whistleblower Protection and the Ethical Obligations of Employees
Innovation and Entrepreneurship
The Role of Innovation in Driving Business Growth The Entrepreneurial Mindset: Characteristics and Erfolgsfaktoren Creating an Innovative Work Environment The Impact of Technology on Business Innovation
Leadership and Management
Effective Leadership Styles: Authoritarian, Democratic, and Laissez-faire Motivating Employees: Theories and Best Practices The Importance of Diversity and Inclusion in Management Managing Organizational Change: Challenges and....
Electronic payment adoption factors play a crucial role in revenue growth for small and medium-sized enterprises (SMEs) in todays digital economy. With the increasing trend towards cashless transactions and the growing popularity of online shopping, businesses are recognizing the importance of embracing e-payment solutions to stay competitive and attract customers. In this literature review, we will explore the various factors that influence the adoption of electronic payment methods by SMEs and discuss how these factors can impact revenue growth. One of the key drivers of e-payment adoption among SMEs is convenience. Studies have shown that customers prefer the convenience of....
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