International Business
Accounting for Intangible Assets in the Transnational Manufacturing Industry
The international business world has worked to break down barriers that formerly existed to allow businesses to more easily expand their operations to new markets. Much of this trend has been fueled by globalization which has allowed for the increasing connectedness of markets and resources through technological developments in many areas including, but not limited to, information and communications technology, advances in shipping, and a political environment largely accepting of deregulation. However, as companies have acted to expand into new opportunities in foreign markets, many have found that there is a plethora of different challenges that present by the cultural and social factors, among others, that are present in these markets. The main functions of business include operations, marketing, and accounting and there are many aspects of these functions that must be adjusted to effectively carry out international expansions. This analysis will focus on the challenges that are present in accounting for intangible assets in such international networks in countries such as the United States, Mexico, France, and Turkey and consider what factors that businesses must focus on to operate successfully in these markets.
Intangible Assets
In order to first explore how intangible assets, affect international business operations it is first necessary to expand upon the concept of intangible assets and develop a rough working definition. An intangible asset is something that is not a physical asset. For example, a factory and all the equipment that is needed to produce finished goods are physical and you can actually touch them, which makes accounting for them relatively straightforward even in international locales. By contrast, an intangible asset is more abstract in nature and do not have any physical form that can easily be valued; examples of this include items such as human capital, information capital, and organizational capital.
Although these intangible assets may be more abstract in nature, they can in some cases represent an organizations most valuable assets in relation to their strategy. For example, a company with a strong brand image may rely on this image to attract consumers and give the product or service a selection advantage in the market, which in turn can represent a company's strategic advantage. Similar analogies can also be drawn to a company's human capital, or the quality of their workforce, as well as their ability to add value through some transformative process in the organization or organizational capital. It is often the case that such factors can represent the success or failure of any organization. For example, while a number of entrepreneurs might be able to acquire the physical capital needed to launch a new product or service, they might not have the ability to promote their brand in the market or the human or process expertise to design a sufficiently valuable product relative to the competition. Therefore, considering the influence of intangible assets in any strategic decision often represents the difference between success and failure.
Globalization
One of the trends that have fueled a great deal of changes throughout the world has been globalization. Globalization is a complex phenomenon that is often misunderstood, but roughly deals with the movement toward more integrated economic and political systems. Much of the globalization trend has been driven by technological innovations that allow for greater communication, information sharing, travel, and other items that have allowed people to share different items across the globe and this trend has changed the lives of billions of people across the globe; in most cases for the better, but in some for the worse. Understanding the impact of globalization on the regional and national cultures requires the understanding of the process and the meaning of globalization.
During the initial stages of development of this trend, most the emphasis was on goods rather than services, however, given the fact that people are now more free to travel to different markets, there are also many services that people can seek to purchase from foreign markets. Examples of this a prevalent in the information technology service sector as well as in emerging sectors such as healthcare tourism. Therefore, globalization can be defined roughly as the worldwide exchange of goods and services irrespective of the national boundaries in which consumers and businesses have a wide array of new products, services, and markets in which they are exposed to. Furthermore, in the modern international economy, many complex products that are manufactured have different parts that are all assembled in different parts of the world before reaching their final assembly location (Jensen & Barfield, 2012).
However, despite improving access to these new opportunities, globalization...
Post Civil War Expansion The American expansion from the post-Civil War years to the turn of the 20th century was a form of imperialism. Essentially, the U.S. simply took over a number of areas and groups of people, without any real regard for them or true need for the land. It was not an expansion that was agreed-upon and equal, but rather something that required one group of people to come
Global Economy & Factors Affecting Harley-Davidson (HD) Motivations for expansion are primarily business and economics related. Expansion will open new markets for HD. Considering that HD is already an established global brand, entering new markets and an overall expansion process should benefit from the necessary supporting structure and stature to ensure reduced risks. There are other motivating elements as well. As the analysis shows, HD is a recognized leader on the market.
tagged along with the burning issue of slavery in those years preceding the American Civil War, expanding American territory would redound to the best advantage of its people and further enhance its economic and political objectives and gains. The principle of manifest destiny could be invoked, whereby the people of those days had the power and duty "to overspread and to possess the whole of (the Northern American) continent, which
They focus on a handful of core geographic regions, so they are able to announce upcoming openings by announcing them first to existing customers in other parts of the same general region. The cost of this part of the program is low since you are providing the advertising space on premises. Only printing costs are incurred, so a few thousand dollars at most. The effectiveness will be in part
Rise of the Papacy: An Examination With the collapse of the Roman Empire, the bishop of Rome did indeed grow in more power and prestige through the 6th and 9th centuries, creating a new way of life with new expectations. No one really expected the papacy to grow in power and prestige as rapidly as it did, however. This paper will look at the factors which led to its dominance
Essentially, Foerster understood the complicated nature of human services and presented a model for policy change that would be able to balance all of the unique elements of each department. There were also elements of the Cobb and Elder Model which could be identified in the case study. Here, Cobb and Elder believe that policy makers must take on a greater level of responsibility. Major stakeholders, like popular politicians must
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now