International Business Essay Questions

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International Business Essay Questions
International Business – Essay Questions 1. Gini Coefficient: The gini index is a measure of statistical dispersion, a measure of the inequality of a
distribution, 0 being total equality and a value of 1 maximal inequality. It is most commonly used in economics to assess the inequality of wealth or
income, but is also used in other fields such as health, science, ecology, chemistry and engineering. Gini coefficients range from 0.23 (Sweden) to 0.70
(Namibia), but not every country has been assessed. The index is defined through the Lorenz curve, by plotting the proportion of the total income of the
population (y–axis) by the bottom x% of the population): The 45 degree line represents the total inequality line. The Gini coefficient is...show more
content...
It is defined as a forum for the countries committed to democracy and the market economy, where discussions revolve around policy experiences,
common problems, identifying good practices and coordinating domestic and international policies of its members. Initially, the organization began in
Europe in 1948 (OEEC) in France to help administer the Marshal Plan for reconstructing Europe after WWII. Its membership was extended to
non–European states in 1961, when it was renamed the OECD. Most members are high–income economies with a high HDI index, and are regarded as
developed nations (Chile being the exception). Headquarters are in Paris. In the 1950's, the OEEC provided the framework for negotiations to
created a European free trade area to bring members together on a multilateral basis. The OECD was founded consisting of all European memberships
as well as the USA and Canada, Japan joining three years later. In the next 12 years, Finland, Australia and New Zealand would join the organization.
Following the fall of communism throughout Eastern Europe in 1989, the organization helped countries in preparing the market economy reforms.
Programs such as "Partners in Transitions" were created with the cooperation of Czechoslovakia, Hungary and Poland. In 2003, the OECD established
a working group headed by Japan's Ambassador to the OECD to work out a strategy for the enlargement of cooperation with non–members. Objectives
and Activities: Mandate of
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Strategy and Structure of International Business (Part 2), summary Firms expand on international level to increase their profitability. In order to
maximize that profitability they must adapt their strategy to the structure and business environment. During this unity, I lean haw a firm can be
organized and how it can choose the appropriate strategy according to its structure and environment. Also, I lean the different possibility of expansion
which a firm can take and the advantages and risks of each possibility. In the paragraphs bellow, I present what I understand about organization of
international business, the entry strategy in a foreign market and the exportation and countertrade. The Organization of International Business
Organizational architecture is the structure of the organization, which include organizational structure, control systems and incentives and processes,
organizational culture and people. An international business can be organized in three different dimension. A vertical differentiation, which
emphasizes on where decision are made, a horizontal differentiation, which concerns the formal division of the organization and in the integrating
mechanisms which focuses on the coordination of subunits. Based on the way a firm it organizes, a manager should identify which strategy is
appropriate to its organizational structure. For instance a manager could choose a decentralization with core competency more centralized for a vertical
differentiation
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Essay on International Business
Today's world of rapid increase in and expansion of technology is the reasons for recent International Business growth. The rapid growth in international
business makes an understanding of organizational behavior all the more important for contemporary managers. Businesses have expanded
internationally to increase their market share, as the domestic markets were too small to sustain growth. Business transactions are also becoming
increasing blurred across national boundaries.
Companies engage in international business to expand sales, acquire resources, diversify their sources of sales and supplies, and minimize competitive
risk. When operating abroad, companies may have to adjust their usual methods of carrying on business. This is...show more content...
When dealing with international finance, risk is calculated in many different areas. Here, I will discuss the financial risks associated with international
business, with an emphasis on the risk of foreign exchange rates. Country Risk When a business decides to become an international trader, one type of
risk that must be examined is the country risk. When a company accepts or approves credit to a foreign customer, they are not only assuming the
foreign company's risk, but also the country's risk. Country risk analysis means determining the country credit–worthiness. In terms of the ability and
willingness of a foreign government to make available to local companies foreign exchange necessary to service their foreign currency denominated
obligations or debts to foreign suppliers. (www.bcfm.com/financial_manager/szabo%20internationalfm98.htm)
Mitigation of Country Risk
One way a company can help to mitigate country risk is by fully researching the foreign country they wish to do business with. This is accomplished
by conducting a country risk assessment. This assessment takes into consideration the probability of credit loss or delayed payment, and uses the
results to determine if the corporation will extend credit with the foreign business. Foreign Exchange Risks Foreign exchange risks are often the result
of country risks. Foreign exchange risks can be defined as the ability and willingness of the
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International Business : Commercial Activities
International business includes all commercial activities that are conducted between two or more countries, regions and nations. These activities may
include trade of goods, services or resources. International business is common phenomena of today's world, with the help of increased information
technology and fast transportation system world become a global village.Companies are trying to increase their sales and profits by spread their
business to different parts of the world.
Companies operating in more than one country are known as multinational enterprises (MNE). MNE has worldwide approach for sale of their products.
McDonald's is well known MNE in fast food Industry, In vehicle manufacturing Toyota, Ford motorcompany are world known and in electronics
Samsung, LG and Sony are famous brands. These are some examples of MNE, Which have worldwide approach to market and production. MNE are
playing very important role in the world economy. These companies are generating employment opportunities and easy and cheap availability of goods
and services.
"International Business conducts business transactions all over the world. These transactions include the transfer of goods, services, technology,
managerial knowledge, and capital to other countries. International business involves exports and imports.
International Business is also known, called or referred as a Global Business or an International Marketing."(Akrani, 2011)
Introduction of Bajaj Group
The Bajaj Group comes
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If the firms, which enter the international market, are ineffective at risk management, this is a risk in itself for Governments, as it can lead to economic
inconsistencies. International business differs from domestic business for a variety of reasons, including as culture, labour and environmental
standards, foreign exchange and political, economic and legal systems. The main reason for why there is such a significant difference between the two
types of business is due to the increased risk associated with international business. The main risks, which can influence a firm's decision to enter an
international market, include the political, economic, legal and competitive risks. If these risks are successfully managed, it will lead to economic
consistency, however, if they are unsuccessfully managed, this can have detrimental consequences for the government as well as the firm. Political
risks include the likelihood that political forces will cause drastic changes in a countries business environment that adversely affects the profit and other
goals of the firm. Economic risk is the likelihood that economic mismanagement will cause drastic changes in a countries business environment that
unfavourably impacts the success of a business enterprise. Furthermore, legal risks involve the likelihood that a trading partner will break contract or
expropriate property rights, as well as create inconvenient circumstances for multinational firms. According to Staff (2009) "This directly
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The Aspect of International Business Environment
THE INTERNATIONAL BUSINESS ENVIRONMENT
Introduction
Dramatic world trends in the last two decades rapidly entail international business. Markets for goods and services are now global especially so for
financial instruments of all kinds ADDIN EN.CITE Daniels2007150(Daniels et al., 2007)1501506 Daniels, J., Radebaugh, L., Sullivan, D.International
Business: environment and operations, 11th edition2007Upper Saddle River( HYPERLINK l "_ENREF_2" o "Daniels, 2007 #150" Daniels et al.,
2007). This paper discusses aspect of international business environment considering the analysis ideal for international business ventures.
International business
International business involves business activities that crosses borders ADDIN EN.CITE Brooks2004145(Brooks et al., 2004)1451456Brooks,
I.Weatherston, J.Wilkinson, G.The international business environment2004New JerseyFinancial Times Prentice Hall9780273682479http:/
/books.google.co.ke/books?id=rxzkqOPM9KUC( HYPERLINK l "_ENREF_1" o "Brooks, 2004 #145" Brooks et al., 2004). International business
does not exclude small companies neither does it only occur when a company set up operational base ADDIN EN.CITE Shenkar2004144(Shenkar,
2004)14414417Shenkar, OdedOne More Time: International Business in a Global EconomyJournal of International Business StudiesJournal of
International Business Studies161–1713522004Palgrave Macmillan Journals00472506http://www.jstor.org/stable/3875249( HYPERLINK l
"_ENREF_6" o "Shenkar, 2004 #144" Shenkar,
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What Is International Business Major Essay
International Business Major: An Insight from the Outside
Building a perspective of how our career might look like is certainly a hard task. Because of this reason, to have an insight from someone who is
already performing in the field that where are pursuing will facilitate the outlook we have before us. There are a few aspects we need to take into
consideration while seeking the correct path to follow:
Career Overview
International Business workers are the public faces of their companies. According to the John Brown University (n.d), international business majors
strategize and implement growth plans internationally. Likewise, part of their job is to manage imports and exports in multinational corporations,
translate for business and...show more content...
However, the workday cannot exceed more than 12 hours. (Tusalario.org/ Costa Rica, n.d)
My decision of studying a Business major is based on two main aspects. First, I want to improve the concept that my country has about business. Most
companies are immersed in dishonest marketing strategies. Some others have replaced their mean objective, customer's satisfaction, with the idea of
generating more money. Also, there is a small number of firms that are still working with poor and outdated business strategies. Through innovative
and ingenious ideas I can design better methods to influence the market and to decrease corruption among firms. Second, I would like to run my own
business. But before starting my own business I want to gather as much experience as I can. For this reason, one of the potential companies in Costa
Rica that provides an exceptional business environment is Procter and Gamble. P&G looks for innovative minds and people who want to outstand and
impact the company–customer relationship. A major in International Business will allow me to develop my ability to analyze complex problems and to
understand what works better for my future customers and employers.
Interview with a Professional in the Business Field I had the opportunity to interview one of the Walton alumni. Jesus Bonilla graduated from John
Brown University in 2016 with a double degree in Business
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International Business
Doing business overseas requires the company to adapt to local laws and conditions in every country in which it operates. There are two steps that the
organization should follow in order to prepare for doing business around the world. The first is that the company needs to have a set of guidelines for
conduct that is consistent throughout the entire company. This would include a code of ethics that sets a minimum standard for behavior, regardless of
what laws the company is subject to. Standardizing conduct and ethics throughout the organization helps to insulate against differences in laws and
codes of conduct around the world.
The other strategy is to work with people who are familiar with the laws of the foreign markets. There is little hope that a domestic company can
become expert in the laws and ways of doing business in dozens of foreign countries. Thus, it is necessary to employ a local team, accounting team
and perhaps even local teams for management and for human resources consulting. Many firms seek to reduce the risk associated with foreign markets
by utilizing joint venture partners, as those partners have a much high degree of local market expertise than the American company could possibly
have. Such an arrangement allows the American company to focus on its strengths marketing, brand building, and product development while leaving
many of the operational issues like hiring, legal and accounting to the local partner (Clark, 2012).
There are many issues
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International Business Essay
With the passage of time there will be many changes globally that would affect the economy of many countries. Globalization was one of the major
changes that the world witnessed recently, and similar to this kind of major make over, there are expected to be more isolated yet more effective
changes made. In the last 10–15 years trade has seen major changes. These changes are ones that directly affect the lives of the working class, and
have raised a great deal of concern for millions of people. This is because of the fact that democratic principles might well be overwhelmed by
capitalist endeavors. However, from a governmental perspective it appears that these strategies are ones that would not interfere with democracy. It
seems that the...show more content...
It aims to prevent crises in the system by encouraging countries to adopt sound economic policies; it is also–as its name suggests–a fund that can be
tapped by members needing temporary financing to address balance of payments problems. By uniting several economies in the North Western
hemisphere the alliances believe it can establish conditions in which trade would be most efficient. In order to implement such a strategy in the North
Western hemisphere it must be realized that there are quite a good number of companies required to make it all possible (Lucas, 2003). Protestors
believe that some of the biggest business owners want more and more autonomy from the government, and have in fact succeeded in blackmailing them
into allowing them to implement the free trade. By implementing free trade, it is said that businesses that establish liberty to trade with whomever they
want gain both power and profit. This kind of situation is something that is extremely dangerous to the 800 million people living in North, Central and
South America. These same people produce an estimated CDN $15 trillion even though more than half of them live in poverty. It is feared that the
alliances might have an immense influence on their lives and worsen their already pathetic standard of living. Though these kinds of fears still prevail
with the existence of the
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International Business Essay
International Business
1.International Business is a transaction between two or more countries and is primarily based in a single country, but acquires some meaningful
share of its resources or revenues (or both) from other countries. It comprises a large growing portion of the world's total business. Although it's
riskier and more expensive it allows for greater variety on different products and services at lower prices.
Domestic Business is a transaction within the home country; it acquires all of its resources and sales, and all of its products or services within a single
country. A well functioning domestic economy will allow for smooth operations for International Business.
The difference between international and domestic...show more content...
Imports and exports are a form of international business that can affect a countries purchasing power.
When a company engages in international business to acquire resources they search for raw materials, products, and services that are not available in
the home country. A finished product that a company produces may have a combination of products shipped from several countries. For example,
diamonds shipped from Sierra Leone are made into the finished product of high priced earrings, rings or bracelets. However, some countries aren't
aware of the acts, behaviors, and practices that take place in an underdeveloped country to acquire a resource for them. Where as domestic operations
are monitored by the home country.
When a company wants to minimize risk it seeks foreign markets to take advantage of the fluctuating business cycle. For example, the product life
cycle displays the rise and fall of a product. The stages are birth, growth, maturity, and decline. This cycle may take place for a particular product
during different times and different locations. Therefore, if a product dies or a country goes into recession, profits can be recouped in another market.
Exporting means to make a product in a company's domestic marketplace and selling it in another country. To increase revenues is the number one
reason companies export goods, it's also less risky than foreign direct investment. Exporting is good for a countries economy moreover; it
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BUSINESS ADMINISTRATION & INTERNATIONAL BUSINESS
In the literal meaning, Business refers to an organized approach to providing customers with the goods and services they want. Business
Administration has over the years taken the form of a formal field of knowledge, besides engineering medical and even closely–related Economics. In
the 20th century, with the development and growth of business schools in America and Europe, the dynamics of business administration changed. With
more research conducted in a professional way, Business Administration has also given birth to its branches.
Among these, International Business is one such off–shoot or part of business administration, which has seen tremendous growth in this age of internet.
...show more content...
Marketing covers many areas of business which to a great extent deal with the customers. These can range from pricing the product to conducting
research about consumer needs. While some of aspects of Marketing may be common in International Business, there are areas like Marketing
Research which differs greatly for International Business. In International Business since the business is conducted from different lands, so the seller
may not be very well acquainted with the customer. Instead his focus is different, as he is more inclined towards pushing his product to the seller and
not much concerned about branding activities etc. still this is a very generic statement and may not apply for every case.
Finance in Business Administration is primarily focused on gaining profits. It may be of decision–making nature that which areas of business are more
profitable and which is not. Then the finance to a greater extent is focused on the day–to–day activities of keeping cash accounts etc.
Human Resource Management is a crucial step in Business Administration, which focuses on hiring, training and retaining best manpower to carry out
business activities.
Focus Areas of International Business
Once it comes to the International Business, the focus is more widened. The trading parties are concerned with far more issues than they are concerned
while operating in local market. Although, Marketing, Finance and Human Resource
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International Business Essay
International business has many aspects that you need to be aware of before doing business in another country, whether you are a small business or a
fortune 500 company. There are many different cultures and ways of doing business around the world. I choose to focus in on doing business in Italy.
They have many different ways of doing things than we do here in the United States. There are certain topics of conversation that are welcome, there
are certain ways of dressing, certain ways to make a deal with them and many more. Italy also belongs to many International organizations.
In Italy when you are doing business with them, Italians would rather do business with a superficial acquaintance than a complete stranger. In Italian
...show more content...
When doing business in Italy dressing well is a priority. Italians perceive how you dress as a reflection of your social standing and relative success, as
well as your competence as a businessperson. The dress tends to be on the formal side whether for business or for social situations. You should do your
best to make clothing choices that are both tasteful and stylish. Italians would never wear scuffed, unshined or unfashionable shoes. Men should wear
expensive sophisticated, ties and well–cut dark suits. Men often wear accessories such as cuff links, tie clips, and stylish watches. Women are advised
to dress simply and with elegance. Italian businesswomen usually wear more makeup and jewelry than American women do. Women do not wear
stockings in the summer. Both men and women use perfumes and colognes.
When getting ready to make a deal with an Italian businessperson you should have a translator close by because many Italians do not speak English
very well. When you are selecting your negotiating team, Italians prefer to do business with the most important people in an organization. Use business
cards that are translated into Italian on the back; make sure to included any advanced educational degrees you hold and your full title or position.
Italians like to know whether they are dealing with an important person. Very senior Italianbusinesspeople have less information on their business cards.
In
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International Business Communications Essay
In the past five decades, changes and advancements in economic relationships, political systems and technological options began to break down state
boundaries. Business transformed from one country activity to part of an interdependent international network. As Damen writes "One cannot live very
long and remain totally monocultural in the modern world" (1990, 56). However, international business communications do not effective every time.
A wide range of business firms found that their employees were ill equipped for overseas work in the globalizing market. In this case study, Molly
and Daniel found that there was a problem in communication between two multinational companies. This essay will analyse this problem of intercultural
...show more content...
In spite of those businesspersons tried to make successful communications, they still felt uncomfortable with people from other countries.
There are some solutions that lead to success in communicating business with people who have backgrounds which unlike each other. The most
important aspect is to learn another culture. Molly and Daniel may not be conducting a comprehensive training program about the cross–cultural
awareness because they do not have plenty of time. Still, they can give those businesspersons who belong to multinational companies a presentation
about intercultural awareness or a consultation to enhance people's awareness of cross–cultural. In addition, language and language behaviour,
especially non–verbal communication has a very significant role in the intercultural communication, such as clothing, eye–contact, proximity and
touching. Molly and Daniel should pay attention to this aspect. Mere knowledge about the language will not be important to sort out the differences
and misunderstandings in communication. However, the non–verbal communication is very essential in the process of cross–cultural communication.
Lack of experience in expressing language behaviour properly reduces the self confidence among the people and develops a poor interpersonal
relationship.
To sum up, the best solution for Molly and Daniel is that introduce cross–cultural awareness to those businesspersons. In short–term, this solution will
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Essay about Ethics in International Business
Ethics in International Business
Abstract
International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into
conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational
corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics
discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations.
The argument in question is how companies should practice their business according...show more content...
The values and culture have reflective impact on ethical climate in organizations which inhabits on the ethical measurements changing in the structure
of an organization. All these concepts facilitate the motivation of both employers and employees that would lead positive effects for organizations.
Motivation is a psychological trait that would lead an individual or related party to a desired action on a definite goal. Motivation in an organization is
considerable to sustain an employee with occupational pleasure, individual satisfaction, and positive contribution to the work place and its environment.
Ethical Management, Impact on Individual and Organizational Performance Companies are supposed to be able to achieve and demonstrate an ever
increasing performance showing improvement on leading in their industries to acquire competitive advantages. Having a high level of performance
could be greatest achieved with competent and motivated employees. The conduct of business in an organization with an ethical manner is of great
importance to secure an increasing performance as well. Organizations functioning towards ethical standards should ensure unbiased applications of
business and recall a sense of justice to stimulate motivation among their employees. Employees that are motivated through a positive ethical
organizational climate and leadership do much better than a less motivated employee. This promotes the organizational achievement that causes
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International Business
International business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between
two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit
governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of
goods, services, resources between two or more nations. Transaction of economic resources includes capital, skills, and people. for international
production of physical goods and services such as finance, banking, insurance, and construction. A multinational enterprise (MNE) is an organization
that...show more content...
After that came the British East India Organization in 1600 and afterward the Dutch East India Organization, established Walk 20, 1602, which
might turn into the biggest organization on the planet for almost 200 years. In the United States, for example, almost 90 percent of firms that
export employ fewer than 100 people. They also account for more than 20 percent of U.S. exports. If the small firm is actively involved in
international trade as are most little firms in specific areas in Europe, case in point then worldwide business is an extremely important subject to
study particularly if consolidated with cutting edge European dialects. One of the enormous brakes on the advancement of little firms is the way
that a large portion of those that could stretch globally neglect to do so in light of the fact that they fail to offer any staff at administration level with
the abilities to help them grow abroad. But obviously, if the small firm is a local service company, for example a store or a graphic services company,
then it has little scope for international development, and an international business capability is of little esteem. Small medium sized enterprises and
small and medium sized businesses are often referred to as SMEs. These are companies whose number of employees or turnover falls underneath
certain limits. The EU defines companies with fewer than 50 employees as small, and those
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International Trade Midterm Study Guide
Part I – Midterm
Ch 1 1.Does exposure to competition with the world leader in a particular industry improve a firm's productivity? Discuss in detail by providing
sound arguments to support your choice of response. A world leader is ac company which can own the maximum market shares or which can have a
market position because of the part of the services or the products. Now if the new comer or any other company bench mark itself against the work
leader consequently it will try to improve the efficiency and productivity in comparison to principal company which ultimately enhances the company's
performance. 2.What are the essential arguments in favor of free trade and against free trade? Favor Free Trade
–Law of comparative...show more content...
Which is cost difference determines the patterns of international trade. Absolute advantage is trade benefits when each country is at least cost
producer of one of the goods being traded. In the 1800s, David Ricardo developed the theory of comparative advantage to measure gains from trades.
This theory is based on comparative advantage and it states each nation should specialize in production of those goods for which its relatively more
efficient with a lower opportunity cost.
I believe comparative advantage is the most consistent way of measuring gains from international trade. The reason is both countries can gain from
trade if both country work toward an equilibrium. Ch 3 4.Explain how immigration and trade may worsen wage inequality, and how college education
may mitigate against that.
Increased trade could worsen income distribution across the world. When you bring in immigrants into countries the low–skill labor force grows and if
Trade tends to increase the demand for skilled workers relative to unskilled workers, thus worsening wage inequality. Immigration of unskilled
workers decreases the supply of skilled workers relative to unskilled workers, thus worsening wage inequality. Alternatively, college education
increases the supply of skilled workers relative to unskilled workers, thus reducing wage inequality 5.How does Staffan Linder explain world trade
patterns? To what extent is his concept applicable to
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International Business Essay Questions
1.. Identify the five cultural dimensions identified by Geert Hofstede and describe them indicating their importance in international business. 2..
Compare the advantages and disadvantages of various modes of entering foreign markets. 3.. Why do we have international strategic alliances? What
are the forms and their respective advantages and disadvantages? –––––––––––––––– 4.. Consider a firm facing a make–or–buy decision, Provide 2
potential benefits and 2 risks that the firm may face from outsourcing. Similarly, provide 2 potential advantages and 2 disadvantages of in–house
production. 5.. Explain the Gini Index (or Coefficient) and discuss how it is calculated and used. 6.. When presented with a scenario, indicate how one
might...show more content...
Time Orientation long–term (Japan, taiwan, South Korea) vs short–term (US and Germany are intermediates) 3.. Why do we have international
strategic alliances? What are the forms and their respective advantages and disadvantages? If you've reached a point that you feel you've gotten
about as far as you can on your own in charting your export strategy, it's a good time to consider joining forces with another company of similar
size and market presence that is located in a foreign country where you are already doing business, or would like to. First, it's important to
understand exactly how a global strategic alliance works, and what it can and cannot do for you. A Global Strategic Alliance Is Not an Acquisition A
global strategic alliance is usually established when a company wishes to edge into a related business or new geographic market –– particularly one
where the government prohibits imports in order to protect domestic industry. Typically, alliances are formed between two or more corporations, each
based in their home country, for a specified period of time. Their purpose is to share in ownership of a
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International Business
The American College
Chapter 5
Question No 1:
Describe the four basic levels of international business activity.Do you think any organization will achieve the fourth level?Why or why not.
Question No 2:
For each of the four globalization strategies, describe the risks associated with that strategy and the potential returns from that strategy.
__________________________________
Answer for question No 1:
The four general levels of international business activity are:
1.Domestic business
2.International business
3.Multinational business
4.Global business.
Domestic Business: Is the one that acquires all of its resources and sells all of
its products ot services within a single country.(8/143)
Interational...show more content...
Nationalized: Taken over by the government.
Tariff: A tax collected on goods shipped across national boundaries.
Quota: A limit on the number or value of goods that can be traded.
Export restraint agreements: Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or
import from one another.
Economic community: A set of countries that agree to markedly reduce or eliminate trade barriers among member nations ( a formalized market
system).
Social orientation: A person's beliefs about the relative importance of the individual versus groups to which that person belongs.
Power orientation: The beliefs that people in a culture hold about the appropriateness of power and authority differences in hierarchical such as
business organizations.
Uncertainty orientation: The feeling individuals have regarding uncertain and ambiguous situations
Goal orientation: The manner in which people are motivated to work toward different kinds of goals.
Time orientation: The extent to which members of a culture adopt a long–term versus a short–term outlook on work, life, and other elements of society.
Bibliography
Griffin 8th edition Management
Ricky W. Griffin
Texas A&M University
Houghton Mifflin Company Boston New
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International Business Essay
How does international business achieve its internationalization objectives in the contemporary context?
Introduction
In today's prosperous modern society, Multinational Corporation and international organisation becomes a common key factor in increasing economic
and social interconnection. Globalization grows mobility of goods and services, and expands business in all dimensions. To enterprise an international
business is indeed a complex level of soaring towards the international trade. In order to up keep the business standards and objective, Silkenat, Aresty
& klosek (2009) believes that trust is a fundamental matter in business trade. It gives reliability and a continuation business relationship.
Veghefi, Paulson &...show more content...
Therefore, with the partnership of ILO which is a specialize agency under United Nations and IFC under World Bank Group the programme brings a
strong credibility and exposure (Better Work 2012).
Another value added program with ILO is Green Jobs, it was established 2007. The nation saw the unpredictable change in climate and want to
promote awareness to create decent jobs in favour to the environmental policies and challenges affecting climate changes (ILO 2012).
Green jobs held social dialogue conference with ministers providing them knowledge how green jobs like reducing consumption of energy, raw
materials, minimizing waste pollution and protecting resources to attain a sustainable growth, hence reduce poverty (ILO 2012). ILO (2011) reported
that countries with greener economies provide potential job creations; it deals better with the coming structural changes and reconstruction of existing
jobs as a global.
Combining value added programs and the number of countries participating geographic, ILO has a higher advantage to support the members with
better economic growth, higher standard of living and improving labour rights. Kutscher & Baurle (1997) mentioned that organization with more
value added aboard is able to internationalize and activities can be widely spread and disperse among countries.
Integration
Another reason was integration use for internationalize ILO. Integration was used to
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International Business Essay Questions

  • 1. International Business Essay Questions International Business – Essay Questions 1. Gini Coefficient: The gini index is a measure of statistical dispersion, a measure of the inequality of a distribution, 0 being total equality and a value of 1 maximal inequality. It is most commonly used in economics to assess the inequality of wealth or income, but is also used in other fields such as health, science, ecology, chemistry and engineering. Gini coefficients range from 0.23 (Sweden) to 0.70 (Namibia), but not every country has been assessed. The index is defined through the Lorenz curve, by plotting the proportion of the total income of the population (y–axis) by the bottom x% of the population): The 45 degree line represents the total inequality line. The Gini coefficient is...show more content... It is defined as a forum for the countries committed to democracy and the market economy, where discussions revolve around policy experiences, common problems, identifying good practices and coordinating domestic and international policies of its members. Initially, the organization began in Europe in 1948 (OEEC) in France to help administer the Marshal Plan for reconstructing Europe after WWII. Its membership was extended to non–European states in 1961, when it was renamed the OECD. Most members are high–income economies with a high HDI index, and are regarded as developed nations (Chile being the exception). Headquarters are in Paris. In the 1950's, the OEEC provided the framework for negotiations to created a European free trade area to bring members together on a multilateral basis. The OECD was founded consisting of all European memberships as well as the USA and Canada, Japan joining three years later. In the next 12 years, Finland, Australia and New Zealand would join the organization. Following the fall of communism throughout Eastern Europe in 1989, the organization helped countries in preparing the market economy reforms. Programs such as "Partners in Transitions" were created with the cooperation of Czechoslovakia, Hungary and Poland. In 2003, the OECD established a working group headed by Japan's Ambassador to the OECD to work out a strategy for the enlargement of cooperation with non–members. Objectives and Activities: Mandate of Get more content on HelpWriting.net
  • 2. Strategy and Structure of International Business (Part 2), summary Firms expand on international level to increase their profitability. In order to maximize that profitability they must adapt their strategy to the structure and business environment. During this unity, I lean haw a firm can be organized and how it can choose the appropriate strategy according to its structure and environment. Also, I lean the different possibility of expansion which a firm can take and the advantages and risks of each possibility. In the paragraphs bellow, I present what I understand about organization of international business, the entry strategy in a foreign market and the exportation and countertrade. The Organization of International Business Organizational architecture is the structure of the organization, which include organizational structure, control systems and incentives and processes, organizational culture and people. An international business can be organized in three different dimension. A vertical differentiation, which emphasizes on where decision are made, a horizontal differentiation, which concerns the formal division of the organization and in the integrating mechanisms which focuses on the coordination of subunits. Based on the way a firm it organizes, a manager should identify which strategy is appropriate to its organizational structure. For instance a manager could choose a decentralization with core competency more centralized for a vertical differentiation Get more content on HelpWriting.net
  • 3. Essay on International Business Today's world of rapid increase in and expansion of technology is the reasons for recent International Business growth. The rapid growth in international business makes an understanding of organizational behavior all the more important for contemporary managers. Businesses have expanded internationally to increase their market share, as the domestic markets were too small to sustain growth. Business transactions are also becoming increasing blurred across national boundaries. Companies engage in international business to expand sales, acquire resources, diversify their sources of sales and supplies, and minimize competitive risk. When operating abroad, companies may have to adjust their usual methods of carrying on business. This is...show more content... When dealing with international finance, risk is calculated in many different areas. Here, I will discuss the financial risks associated with international business, with an emphasis on the risk of foreign exchange rates. Country Risk When a business decides to become an international trader, one type of risk that must be examined is the country risk. When a company accepts or approves credit to a foreign customer, they are not only assuming the foreign company's risk, but also the country's risk. Country risk analysis means determining the country credit–worthiness. In terms of the ability and willingness of a foreign government to make available to local companies foreign exchange necessary to service their foreign currency denominated obligations or debts to foreign suppliers. (www.bcfm.com/financial_manager/szabo%20internationalfm98.htm) Mitigation of Country Risk One way a company can help to mitigate country risk is by fully researching the foreign country they wish to do business with. This is accomplished by conducting a country risk assessment. This assessment takes into consideration the probability of credit loss or delayed payment, and uses the results to determine if the corporation will extend credit with the foreign business. Foreign Exchange Risks Foreign exchange risks are often the result of country risks. Foreign exchange risks can be defined as the ability and willingness of the Get more content on HelpWriting.net
  • 4. International Business : Commercial Activities International business includes all commercial activities that are conducted between two or more countries, regions and nations. These activities may include trade of goods, services or resources. International business is common phenomena of today's world, with the help of increased information technology and fast transportation system world become a global village.Companies are trying to increase their sales and profits by spread their business to different parts of the world. Companies operating in more than one country are known as multinational enterprises (MNE). MNE has worldwide approach for sale of their products. McDonald's is well known MNE in fast food Industry, In vehicle manufacturing Toyota, Ford motorcompany are world known and in electronics Samsung, LG and Sony are famous brands. These are some examples of MNE, Which have worldwide approach to market and production. MNE are playing very important role in the world economy. These companies are generating employment opportunities and easy and cheap availability of goods and services. "International Business conducts business transactions all over the world. These transactions include the transfer of goods, services, technology, managerial knowledge, and capital to other countries. International business involves exports and imports. International Business is also known, called or referred as a Global Business or an International Marketing."(Akrani, 2011) Introduction of Bajaj Group The Bajaj Group comes Get more content on HelpWriting.net
  • 5. If the firms, which enter the international market, are ineffective at risk management, this is a risk in itself for Governments, as it can lead to economic inconsistencies. International business differs from domestic business for a variety of reasons, including as culture, labour and environmental standards, foreign exchange and political, economic and legal systems. The main reason for why there is such a significant difference between the two types of business is due to the increased risk associated with international business. The main risks, which can influence a firm's decision to enter an international market, include the political, economic, legal and competitive risks. If these risks are successfully managed, it will lead to economic consistency, however, if they are unsuccessfully managed, this can have detrimental consequences for the government as well as the firm. Political risks include the likelihood that political forces will cause drastic changes in a countries business environment that adversely affects the profit and other goals of the firm. Economic risk is the likelihood that economic mismanagement will cause drastic changes in a countries business environment that unfavourably impacts the success of a business enterprise. Furthermore, legal risks involve the likelihood that a trading partner will break contract or expropriate property rights, as well as create inconvenient circumstances for multinational firms. According to Staff (2009) "This directly Get more content on HelpWriting.net
  • 6. The Aspect of International Business Environment THE INTERNATIONAL BUSINESS ENVIRONMENT Introduction Dramatic world trends in the last two decades rapidly entail international business. Markets for goods and services are now global especially so for financial instruments of all kinds ADDIN EN.CITE Daniels2007150(Daniels et al., 2007)1501506 Daniels, J., Radebaugh, L., Sullivan, D.International Business: environment and operations, 11th edition2007Upper Saddle River( HYPERLINK l "_ENREF_2" o "Daniels, 2007 #150" Daniels et al., 2007). This paper discusses aspect of international business environment considering the analysis ideal for international business ventures. International business International business involves business activities that crosses borders ADDIN EN.CITE Brooks2004145(Brooks et al., 2004)1451456Brooks, I.Weatherston, J.Wilkinson, G.The international business environment2004New JerseyFinancial Times Prentice Hall9780273682479http:/ /books.google.co.ke/books?id=rxzkqOPM9KUC( HYPERLINK l "_ENREF_1" o "Brooks, 2004 #145" Brooks et al., 2004). International business does not exclude small companies neither does it only occur when a company set up operational base ADDIN EN.CITE Shenkar2004144(Shenkar, 2004)14414417Shenkar, OdedOne More Time: International Business in a Global EconomyJournal of International Business StudiesJournal of International Business Studies161–1713522004Palgrave Macmillan Journals00472506http://www.jstor.org/stable/3875249( HYPERLINK l "_ENREF_6" o "Shenkar, 2004 #144" Shenkar, Get more content on HelpWriting.net
  • 7. What Is International Business Major Essay International Business Major: An Insight from the Outside Building a perspective of how our career might look like is certainly a hard task. Because of this reason, to have an insight from someone who is already performing in the field that where are pursuing will facilitate the outlook we have before us. There are a few aspects we need to take into consideration while seeking the correct path to follow: Career Overview International Business workers are the public faces of their companies. According to the John Brown University (n.d), international business majors strategize and implement growth plans internationally. Likewise, part of their job is to manage imports and exports in multinational corporations, translate for business and...show more content... However, the workday cannot exceed more than 12 hours. (Tusalario.org/ Costa Rica, n.d) My decision of studying a Business major is based on two main aspects. First, I want to improve the concept that my country has about business. Most companies are immersed in dishonest marketing strategies. Some others have replaced their mean objective, customer's satisfaction, with the idea of generating more money. Also, there is a small number of firms that are still working with poor and outdated business strategies. Through innovative and ingenious ideas I can design better methods to influence the market and to decrease corruption among firms. Second, I would like to run my own business. But before starting my own business I want to gather as much experience as I can. For this reason, one of the potential companies in Costa Rica that provides an exceptional business environment is Procter and Gamble. P&G looks for innovative minds and people who want to outstand and impact the company–customer relationship. A major in International Business will allow me to develop my ability to analyze complex problems and to understand what works better for my future customers and employers. Interview with a Professional in the Business Field I had the opportunity to interview one of the Walton alumni. Jesus Bonilla graduated from John Brown University in 2016 with a double degree in Business Get more content on HelpWriting.net
  • 8. International Business Doing business overseas requires the company to adapt to local laws and conditions in every country in which it operates. There are two steps that the organization should follow in order to prepare for doing business around the world. The first is that the company needs to have a set of guidelines for conduct that is consistent throughout the entire company. This would include a code of ethics that sets a minimum standard for behavior, regardless of what laws the company is subject to. Standardizing conduct and ethics throughout the organization helps to insulate against differences in laws and codes of conduct around the world. The other strategy is to work with people who are familiar with the laws of the foreign markets. There is little hope that a domestic company can become expert in the laws and ways of doing business in dozens of foreign countries. Thus, it is necessary to employ a local team, accounting team and perhaps even local teams for management and for human resources consulting. Many firms seek to reduce the risk associated with foreign markets by utilizing joint venture partners, as those partners have a much high degree of local market expertise than the American company could possibly have. Such an arrangement allows the American company to focus on its strengths marketing, brand building, and product development while leaving many of the operational issues like hiring, legal and accounting to the local partner (Clark, 2012). There are many issues Get more content on HelpWriting.net
  • 9. International Business Essay With the passage of time there will be many changes globally that would affect the economy of many countries. Globalization was one of the major changes that the world witnessed recently, and similar to this kind of major make over, there are expected to be more isolated yet more effective changes made. In the last 10–15 years trade has seen major changes. These changes are ones that directly affect the lives of the working class, and have raised a great deal of concern for millions of people. This is because of the fact that democratic principles might well be overwhelmed by capitalist endeavors. However, from a governmental perspective it appears that these strategies are ones that would not interfere with democracy. It seems that the...show more content... It aims to prevent crises in the system by encouraging countries to adopt sound economic policies; it is also–as its name suggests–a fund that can be tapped by members needing temporary financing to address balance of payments problems. By uniting several economies in the North Western hemisphere the alliances believe it can establish conditions in which trade would be most efficient. In order to implement such a strategy in the North Western hemisphere it must be realized that there are quite a good number of companies required to make it all possible (Lucas, 2003). Protestors believe that some of the biggest business owners want more and more autonomy from the government, and have in fact succeeded in blackmailing them into allowing them to implement the free trade. By implementing free trade, it is said that businesses that establish liberty to trade with whomever they want gain both power and profit. This kind of situation is something that is extremely dangerous to the 800 million people living in North, Central and South America. These same people produce an estimated CDN $15 trillion even though more than half of them live in poverty. It is feared that the alliances might have an immense influence on their lives and worsen their already pathetic standard of living. Though these kinds of fears still prevail with the existence of the Get more content on HelpWriting.net
  • 10. International Business Essay International Business 1.International Business is a transaction between two or more countries and is primarily based in a single country, but acquires some meaningful share of its resources or revenues (or both) from other countries. It comprises a large growing portion of the world's total business. Although it's riskier and more expensive it allows for greater variety on different products and services at lower prices. Domestic Business is a transaction within the home country; it acquires all of its resources and sales, and all of its products or services within a single country. A well functioning domestic economy will allow for smooth operations for International Business. The difference between international and domestic...show more content... Imports and exports are a form of international business that can affect a countries purchasing power. When a company engages in international business to acquire resources they search for raw materials, products, and services that are not available in the home country. A finished product that a company produces may have a combination of products shipped from several countries. For example, diamonds shipped from Sierra Leone are made into the finished product of high priced earrings, rings or bracelets. However, some countries aren't aware of the acts, behaviors, and practices that take place in an underdeveloped country to acquire a resource for them. Where as domestic operations are monitored by the home country. When a company wants to minimize risk it seeks foreign markets to take advantage of the fluctuating business cycle. For example, the product life cycle displays the rise and fall of a product. The stages are birth, growth, maturity, and decline. This cycle may take place for a particular product during different times and different locations. Therefore, if a product dies or a country goes into recession, profits can be recouped in another market. Exporting means to make a product in a company's domestic marketplace and selling it in another country. To increase revenues is the number one reason companies export goods, it's also less risky than foreign direct investment. Exporting is good for a countries economy moreover; it Get more content on HelpWriting.net
  • 11. BUSINESS ADMINISTRATION & INTERNATIONAL BUSINESS In the literal meaning, Business refers to an organized approach to providing customers with the goods and services they want. Business Administration has over the years taken the form of a formal field of knowledge, besides engineering medical and even closely–related Economics. In the 20th century, with the development and growth of business schools in America and Europe, the dynamics of business administration changed. With more research conducted in a professional way, Business Administration has also given birth to its branches. Among these, International Business is one such off–shoot or part of business administration, which has seen tremendous growth in this age of internet. ...show more content... Marketing covers many areas of business which to a great extent deal with the customers. These can range from pricing the product to conducting research about consumer needs. While some of aspects of Marketing may be common in International Business, there are areas like Marketing Research which differs greatly for International Business. In International Business since the business is conducted from different lands, so the seller may not be very well acquainted with the customer. Instead his focus is different, as he is more inclined towards pushing his product to the seller and not much concerned about branding activities etc. still this is a very generic statement and may not apply for every case. Finance in Business Administration is primarily focused on gaining profits. It may be of decision–making nature that which areas of business are more profitable and which is not. Then the finance to a greater extent is focused on the day–to–day activities of keeping cash accounts etc. Human Resource Management is a crucial step in Business Administration, which focuses on hiring, training and retaining best manpower to carry out business activities. Focus Areas of International Business Once it comes to the International Business, the focus is more widened. The trading parties are concerned with far more issues than they are concerned while operating in local market. Although, Marketing, Finance and Human Resource Get more content on HelpWriting.net
  • 12. International Business Essay International business has many aspects that you need to be aware of before doing business in another country, whether you are a small business or a fortune 500 company. There are many different cultures and ways of doing business around the world. I choose to focus in on doing business in Italy. They have many different ways of doing things than we do here in the United States. There are certain topics of conversation that are welcome, there are certain ways of dressing, certain ways to make a deal with them and many more. Italy also belongs to many International organizations. In Italy when you are doing business with them, Italians would rather do business with a superficial acquaintance than a complete stranger. In Italian ...show more content... When doing business in Italy dressing well is a priority. Italians perceive how you dress as a reflection of your social standing and relative success, as well as your competence as a businessperson. The dress tends to be on the formal side whether for business or for social situations. You should do your best to make clothing choices that are both tasteful and stylish. Italians would never wear scuffed, unshined or unfashionable shoes. Men should wear expensive sophisticated, ties and well–cut dark suits. Men often wear accessories such as cuff links, tie clips, and stylish watches. Women are advised to dress simply and with elegance. Italian businesswomen usually wear more makeup and jewelry than American women do. Women do not wear stockings in the summer. Both men and women use perfumes and colognes. When getting ready to make a deal with an Italian businessperson you should have a translator close by because many Italians do not speak English very well. When you are selecting your negotiating team, Italians prefer to do business with the most important people in an organization. Use business cards that are translated into Italian on the back; make sure to included any advanced educational degrees you hold and your full title or position. Italians like to know whether they are dealing with an important person. Very senior Italianbusinesspeople have less information on their business cards. In Get more content on HelpWriting.net
  • 13. International Business Communications Essay In the past five decades, changes and advancements in economic relationships, political systems and technological options began to break down state boundaries. Business transformed from one country activity to part of an interdependent international network. As Damen writes "One cannot live very long and remain totally monocultural in the modern world" (1990, 56). However, international business communications do not effective every time. A wide range of business firms found that their employees were ill equipped for overseas work in the globalizing market. In this case study, Molly and Daniel found that there was a problem in communication between two multinational companies. This essay will analyse this problem of intercultural ...show more content... In spite of those businesspersons tried to make successful communications, they still felt uncomfortable with people from other countries. There are some solutions that lead to success in communicating business with people who have backgrounds which unlike each other. The most important aspect is to learn another culture. Molly and Daniel may not be conducting a comprehensive training program about the cross–cultural awareness because they do not have plenty of time. Still, they can give those businesspersons who belong to multinational companies a presentation about intercultural awareness or a consultation to enhance people's awareness of cross–cultural. In addition, language and language behaviour, especially non–verbal communication has a very significant role in the intercultural communication, such as clothing, eye–contact, proximity and touching. Molly and Daniel should pay attention to this aspect. Mere knowledge about the language will not be important to sort out the differences and misunderstandings in communication. However, the non–verbal communication is very essential in the process of cross–cultural communication. Lack of experience in expressing language behaviour properly reduces the self confidence among the people and develops a poor interpersonal relationship. To sum up, the best solution for Molly and Daniel is that introduce cross–cultural awareness to those businesspersons. In short–term, this solution will Get more content on HelpWriting.net
  • 14. Essay about Ethics in International Business Ethics in International Business Abstract International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations. The argument in question is how companies should practice their business according...show more content... The values and culture have reflective impact on ethical climate in organizations which inhabits on the ethical measurements changing in the structure of an organization. All these concepts facilitate the motivation of both employers and employees that would lead positive effects for organizations. Motivation is a psychological trait that would lead an individual or related party to a desired action on a definite goal. Motivation in an organization is considerable to sustain an employee with occupational pleasure, individual satisfaction, and positive contribution to the work place and its environment. Ethical Management, Impact on Individual and Organizational Performance Companies are supposed to be able to achieve and demonstrate an ever increasing performance showing improvement on leading in their industries to acquire competitive advantages. Having a high level of performance could be greatest achieved with competent and motivated employees. The conduct of business in an organization with an ethical manner is of great importance to secure an increasing performance as well. Organizations functioning towards ethical standards should ensure unbiased applications of business and recall a sense of justice to stimulate motivation among their employees. Employees that are motivated through a positive ethical organizational climate and leadership do much better than a less motivated employee. This promotes the organizational achievement that causes Get more content on HelpWriting.net
  • 15. International Business International business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources includes capital, skills, and people. for international production of physical goods and services such as finance, banking, insurance, and construction. A multinational enterprise (MNE) is an organization that...show more content... After that came the British East India Organization in 1600 and afterward the Dutch East India Organization, established Walk 20, 1602, which might turn into the biggest organization on the planet for almost 200 years. In the United States, for example, almost 90 percent of firms that export employ fewer than 100 people. They also account for more than 20 percent of U.S. exports. If the small firm is actively involved in international trade as are most little firms in specific areas in Europe, case in point then worldwide business is an extremely important subject to study particularly if consolidated with cutting edge European dialects. One of the enormous brakes on the advancement of little firms is the way that a large portion of those that could stretch globally neglect to do so in light of the fact that they fail to offer any staff at administration level with the abilities to help them grow abroad. But obviously, if the small firm is a local service company, for example a store or a graphic services company, then it has little scope for international development, and an international business capability is of little esteem. Small medium sized enterprises and small and medium sized businesses are often referred to as SMEs. These are companies whose number of employees or turnover falls underneath certain limits. The EU defines companies with fewer than 50 employees as small, and those Get more content on HelpWriting.net
  • 16. International Trade Midterm Study Guide Part I – Midterm Ch 1 1.Does exposure to competition with the world leader in a particular industry improve a firm's productivity? Discuss in detail by providing sound arguments to support your choice of response. A world leader is ac company which can own the maximum market shares or which can have a market position because of the part of the services or the products. Now if the new comer or any other company bench mark itself against the work leader consequently it will try to improve the efficiency and productivity in comparison to principal company which ultimately enhances the company's performance. 2.What are the essential arguments in favor of free trade and against free trade? Favor Free Trade –Law of comparative...show more content... Which is cost difference determines the patterns of international trade. Absolute advantage is trade benefits when each country is at least cost producer of one of the goods being traded. In the 1800s, David Ricardo developed the theory of comparative advantage to measure gains from trades. This theory is based on comparative advantage and it states each nation should specialize in production of those goods for which its relatively more efficient with a lower opportunity cost. I believe comparative advantage is the most consistent way of measuring gains from international trade. The reason is both countries can gain from trade if both country work toward an equilibrium. Ch 3 4.Explain how immigration and trade may worsen wage inequality, and how college education may mitigate against that. Increased trade could worsen income distribution across the world. When you bring in immigrants into countries the low–skill labor force grows and if Trade tends to increase the demand for skilled workers relative to unskilled workers, thus worsening wage inequality. Immigration of unskilled workers decreases the supply of skilled workers relative to unskilled workers, thus worsening wage inequality. Alternatively, college education increases the supply of skilled workers relative to unskilled workers, thus reducing wage inequality 5.How does Staffan Linder explain world trade patterns? To what extent is his concept applicable to Get more content on HelpWriting.net
  • 17. International Business Essay Questions 1.. Identify the five cultural dimensions identified by Geert Hofstede and describe them indicating their importance in international business. 2.. Compare the advantages and disadvantages of various modes of entering foreign markets. 3.. Why do we have international strategic alliances? What are the forms and their respective advantages and disadvantages? –––––––––––––––– 4.. Consider a firm facing a make–or–buy decision, Provide 2 potential benefits and 2 risks that the firm may face from outsourcing. Similarly, provide 2 potential advantages and 2 disadvantages of in–house production. 5.. Explain the Gini Index (or Coefficient) and discuss how it is calculated and used. 6.. When presented with a scenario, indicate how one might...show more content... Time Orientation long–term (Japan, taiwan, South Korea) vs short–term (US and Germany are intermediates) 3.. Why do we have international strategic alliances? What are the forms and their respective advantages and disadvantages? If you've reached a point that you feel you've gotten about as far as you can on your own in charting your export strategy, it's a good time to consider joining forces with another company of similar size and market presence that is located in a foreign country where you are already doing business, or would like to. First, it's important to understand exactly how a global strategic alliance works, and what it can and cannot do for you. A Global Strategic Alliance Is Not an Acquisition A global strategic alliance is usually established when a company wishes to edge into a related business or new geographic market –– particularly one where the government prohibits imports in order to protect domestic industry. Typically, alliances are formed between two or more corporations, each based in their home country, for a specified period of time. Their purpose is to share in ownership of a Get more content on HelpWriting.net
  • 18. International Business The American College Chapter 5 Question No 1: Describe the four basic levels of international business activity.Do you think any organization will achieve the fourth level?Why or why not. Question No 2: For each of the four globalization strategies, describe the risks associated with that strategy and the potential returns from that strategy. __________________________________ Answer for question No 1: The four general levels of international business activity are: 1.Domestic business 2.International business 3.Multinational business 4.Global business. Domestic Business: Is the one that acquires all of its resources and sells all of its products ot services within a single country.(8/143) Interational...show more content... Nationalized: Taken over by the government.
  • 19. Tariff: A tax collected on goods shipped across national boundaries. Quota: A limit on the number or value of goods that can be traded. Export restraint agreements: Accords reached by governments in which countries voluntarily limit the volume or value of goods they export to or import from one another. Economic community: A set of countries that agree to markedly reduce or eliminate trade barriers among member nations ( a formalized market system). Social orientation: A person's beliefs about the relative importance of the individual versus groups to which that person belongs. Power orientation: The beliefs that people in a culture hold about the appropriateness of power and authority differences in hierarchical such as business organizations. Uncertainty orientation: The feeling individuals have regarding uncertain and ambiguous situations Goal orientation: The manner in which people are motivated to work toward different kinds of goals. Time orientation: The extent to which members of a culture adopt a long–term versus a short–term outlook on work, life, and other elements of society. Bibliography Griffin 8th edition Management Ricky W. Griffin Texas A&M University Houghton Mifflin Company Boston New Get more content on HelpWriting.net
  • 20. International Business Essay How does international business achieve its internationalization objectives in the contemporary context? Introduction In today's prosperous modern society, Multinational Corporation and international organisation becomes a common key factor in increasing economic and social interconnection. Globalization grows mobility of goods and services, and expands business in all dimensions. To enterprise an international business is indeed a complex level of soaring towards the international trade. In order to up keep the business standards and objective, Silkenat, Aresty & klosek (2009) believes that trust is a fundamental matter in business trade. It gives reliability and a continuation business relationship. Veghefi, Paulson &...show more content... Therefore, with the partnership of ILO which is a specialize agency under United Nations and IFC under World Bank Group the programme brings a strong credibility and exposure (Better Work 2012). Another value added program with ILO is Green Jobs, it was established 2007. The nation saw the unpredictable change in climate and want to promote awareness to create decent jobs in favour to the environmental policies and challenges affecting climate changes (ILO 2012). Green jobs held social dialogue conference with ministers providing them knowledge how green jobs like reducing consumption of energy, raw materials, minimizing waste pollution and protecting resources to attain a sustainable growth, hence reduce poverty (ILO 2012). ILO (2011) reported that countries with greener economies provide potential job creations; it deals better with the coming structural changes and reconstruction of existing jobs as a global. Combining value added programs and the number of countries participating geographic, ILO has a higher advantage to support the members with better economic growth, higher standard of living and improving labour rights. Kutscher & Baurle (1997) mentioned that organization with more value added aboard is able to internationalize and activities can be widely spread and disperse among countries. Integration Another reason was integration use for internationalize ILO. Integration was used to
  • 21. Get more content on HelpWriting.net