Global Business
When businesses go international, they have to operate in a more competitive, uncertain, and risky business environment. The forces present in the Global environment bring a number of challenges for the businesses; making it more difficult for them to maintain their market share, enhance profitability, and keep the customers satisfied (Cherunilam, 2007). To compete successfully and ensure a sustainable future in the international markets, business organizations have to analyze these forces carefully and strategize accordingly. Globalization has also impacted the way countries use to recognize themselves as internationally competitive and advanced than other countries (Tellis, Stremersch, & Yin, 2003).
This paper presents a comprehensive discussion on the positive and negative impacts of Globalization and the efforts which nations and business organizations make in order to become internationally competitive and keep up pace with the Globalization. The paper starts with a brief description of different environmental forces that are an integral…...
mlaReferences
Benetton, (2012). The Group. Retrieved on May 3rd, 2012, from
CIA, (2012). Italy: Economy Overview. Retrieved on May 3rd, 2012, from
Cherunilam, F. (2007). International business: text and cases. India: PHI Learning Pvt. Ltd.
Dconti, (2012). Effects of Globalization on Italy. Retrieved on May 3rd, 2012, from
Global Business
Q1.Identifying global business opportunities
While the lowering of trade barriers through formal agreements such as NAFTA have been vitally important in expanding the possibilities of consumers to access a diverse range of products, technology has been an equally important factor in doing so. Through the ubiquity of the Internet, consumers can buy products from all around the world. They can view them and select them without ever having accessed a brick-and-mortar shop. Technology is not simply a way of making products more efficiently (although it does accomplish that objective). It is also an effective marketing ploy. Consumers can read about products and how they are consumed, and they often want to imitate those lifestyles.
For example, SUVs and Apple products are extremely popular amongst China's burgeoning middle class. "Sport utility vehicle sales surged to 2 million units in 2012, a 25.5% increase over the 1.59 million sales volume in 2011, despite…...
mlaReferences
Chang, J. (2011). Why China loves Apple. CNN. Retrieved:
http://www.cnn.com/2013/01/15/opinion/chiang-apple-china
Chinese SUV sales hot, market divided. (2013). China Daily. Retrieved:
http://www.chinadaily.com.cn/business/motoring/2013-02/26/content_16257923.htm
S.$1 = 80.38 JPY (Japanese Yen). However, the current economic crisis in the United States and in major world economies including the European Union, combined with the post-tsunami economic consequences within Japan has made the exchange rates highly volatile and fluctuating. In order to avoid exchange rate risks, the company will make all transactions in one standard currency that is U.S. dollars. Moreover, in order to avoid exchange rate risks AKJT Inc. will use hedging approach, while netting approach will also be used where necessary. Hedging approach will be more pragmatic for the company as the company will be taking financial loans from international financial institutions (IXGW, 2011).
Generation of Financial esources
Given the highly capital intensive nature of the business, generation of financial resources remains a major concern for AJKT Inc. Since the retained profits of the company are expected to remain relatively lower in the initial years, the company's retained…...
mlaReferences
IXGW (2011). How do foreign trade avoid exchange rate risk. Retrieved from http://www.ixgw.com/2011/02/how-do-foreign-trade-to-avoid-exchange-rate-risk/
Gowthrope, C. (2005). Business Account and Finance for non-specialists. UK: Thomson.
Sofat, R. & Hiro, P. (2008) Basic Accounting. India: Prentice Hall.
Global Business Cultural Analysis: Brazil
Cultural backgrounds reflect the ways and standards of living, which is unique and different for each country. In fact, the business world is also profoundly influenced by the cultural differences of the counties. This focus of this research paper, in this regard, is to analyze the cultural perspectives of doing business in Brazil. Therefore, major elements and dimensions of Brazilian culture such as business structures, management styles, communication, ethics, values, and customs are discussed comprehensively.
Moreover, the discussion has also been made on how the local businessmen integrate these cultural dimensions and elements. Indeed, a detailed comparison United States business has been made with that of Brazilian culture and business elements by means of Hofstede's dimension tool (that is particularly used for measuring cultural differences). Finally, the paper concludes with the implications for the U.S. businesses that plans and desires to conduct business in Brazil.
Table of Contents
Background…...
mlaReferences
Aswathappa. (2010). International Business 4E. India: Tata McGraw-Hill Education.
Beekun, R.I., Stedham, Y. & Yamamura, J.H. (2003). Business Ethics in Brazil and the U.S.: A Comparative Investigation. Journal of Business Ethics, 42(3), 267-279.
Boraas, T. (2001). Brazil. USA: Capstone.
deVries, A. & Blore, S. (2010). Frommer's Brazil. 5th Edition. USA: John Wiley & Sons.
The lack of process orchestration shows that IBM is failing to understand and manage the bargaining power of suppliers effectively. The core requirements of the project center on a series of healthcare professionals who taken together are the stakeholders of a complex payroll processing system (Paull, 2013). The requirements from a project management standpoint is to concentrate on the bargaining power of suppliers as system integration partners and create a unified project plan that can successfully meet multiple stakeholder needs. Making this more difficult than other implementations is the bargaining power of buyers, who also are requiring that IBM construct a system they can quickly use to solve complex supply chain, procurement and strategic sourcing challenges as can be inferred from the article (Paull, 2013).
IBM has also allowed for a greater level of threat from new market entrants as well, through the ineffective management of stakeholder requirements. What's obvious…...
mlaReferences
Ball, L.D. 2000, "IT education success strategies for change management," Information Systems Management, vol. 17, no. 4, pp. 74-77.
By, B.P. 2013, "Michael Dell Offered Lower Price for His Shares to Make Dell Deal Work," LBO Wire, .
Fickenscher, K. & Bakerman, M. 2011, "Change Management in Health Care it," Physician Executive, vol. 37, no. 2, pp. 64-7.
Gunasekaran, a. & Ngai, E.W.T. 2005, "Build-to-order supply chain management: a literature review and framework for development," Journal of Operations Management, vol. 23, no. 5, pp. 423-451.
Furthermore it has become critically necessary to be equipped technologically in handling today's increased IT demands for business communication.
ibliography
Video Conferencing (2006) GlobalMedia. Online available at: www.globalmedia.com.
Hart, Amy (2001) Global Communication Warming - The CEO Refresher. Online available at http://www.refresher.com/!warming.html.
Martin, Jeannet S. And Chaney, Lillian H. (2006) Global usiness Etiquette: A Guide to International Communication and Customs. Online available at http://doi.contentdirections.com/mr/greenwood.jsp?doi=10.1336/0275988155.
Global usiness Support: Creating the Infrastructure for International usiness Communication (2006) Nova's Communication-ased usiness Activities. Online available at http://www.nova.ne.jp/english/corporation/02jigyo/jigyou_business.html.
Jarvenpaa, Sirkka L. And Leidner, Dorothy E. (1998) Communication and Trust in Global Virtual Teams - JCMC 3 (4) June 1998. Online available at http://jcmc.indiana.edu/vol3/issue4/jarvenpaa.html
Global Alliance Joins the Organization of the World Congress on Communication for Development (2006) Global Alliance 5 July 2006 Online available at http://www.globalpr.org/news/industry_news_direct.asp?v1=86
usiness Communications Applications on Any Network (2005) Avaya White Paper May 2005.
Avaya White Paper, "New Era of Intelligent Communications: Driving Agility through usiness Communications Applications, http://www.avaya.com/gcm/master-usa/en-us/resource/assets/whitepapers/ef-lb2713.pdf
How…...
mlaBibliography
Video Conferencing (2006) GlobalMedia. Online available at: www.globalmedia.com.
Hart, Amy (2001) Global Communication Warming - The CEO Refresher. Online available at http://www.refresher.com/!warming.html.
Martin, Jeannet S. And Chaney, Lillian H. (2006) Global Business Etiquette: A Guide to International Communication and Customs. Online available at http://doi.contentdirections.com/mr/greenwood.jsp?doi=10.1336/0275988155.
Global Business Support: Creating the Infrastructure for International Business Communication (2006) Nova's Communication-Based Business Activities. Online available at http://www.nova.ne.jp/english/corporation/02jigyo/jigyou_business.html.
other intangible assets such as patents and management strength. Finally, those future earnings are discounted to arrive at a net present value. Interbrand discounts against current interest rates and also against the brand's overall risk profile to factor in brand strength. Considerations include market leadership, stability, and global reach -- or the ability to cross both geographic and cultural borders. The final result values the brand as a financial asset. BusinessWeek and Interbrand believe this figure comes closest to representing a brand's true economic worth. (Business Week, Aug, 2007 (http://www.businessweek.com/pdfs/2007/0732_globalbrands.pdf)
Among the top 100 brands the U.S. has the largest representation with a full 52 brands on the list. This is comparable to no other nation. The U.S. also boast the highest rankings in high tech brands, producing electronic support systems, like software and PCs and/or support functions for them, as well as food and beverage provider brands, while Japan…...
mlaReferences
BP Statistical Review of World Energy, 2008, retrieved 8, 15, 2008:
Business Week, Aug, 2007, retrieved 8, 15, 2008:
Global Business Project Management
The objectives of a project are the expected outcomes and benefits to be received upon completion of the project. What the project is projected to achieve can either be specific, measurable or varying and materializing gradually over time. Projects are developed and executed in many settings and the type of project chosen; the time, the budget and the team size are agreed on based on the setting, the objectives of the project and the available resources among other factors. Different organizations have particular individual styles and cultures influencing the manner in which the project work is executed. This paper will look at projects, the many factors that make projects to differ, advantages and disadvantages of the functional and matrix organizations when observed from a project management perspective.
A project is understood to be a temporary endeavor that is executed by an organization, group or institution and that purposes…...
mlaReferences
Berkun, S. (2005). The Art of Project Management (Theory in Practice (O'Reilly)). Cambridge: O'Reilly Media.
Galbraith, J.R. (1971). "Matrix Organization Designs: How to combine functional and project forms." In: Business Horizons, February, 1971, 29-40.
Goodman, M., Greenwood A., Major, I. And Nokes, S. (2003). The Definitive Guide to Project Management: The Fast Track to Getting the Job Done on Time and on Budget. New Jersey: Prentice Hall.
Gottlieb, R.M. (2007). The Matrix Organization Reloaded: Adventures in Team and Project Management (Creating Corporate Cultures). Connecticut: Praeger.
They communicate the H situation to the H responsible who then acts in accordance with the information received from the division managers.
The business in which Niche Tools operates requires a lot of field work. This means that people at the base observe better and faster any problems or needs that might interfere with the company's activity. Therefore, information within the company circulates mainly from the bottom to higher levels. Top managers make their decisions based on the information received from their subordinates.
The company's top management mainly assesses the conditions of the external environment. They negotiate with suppliers, they analyze competitors in order to develop competitive advantage. Also, they analyze other components of the external environment, like the economic, demographic, geographical environment and their likely influence on the company's activity.
Top managers conduct analyses in order to identify the company's strengths and weaknesses. They identify opportunities that can be exploited by…...
mlaReference list:
1. Pieniazek, a. (2007). Centralization vs. Decentralization. Retrieved March 3, 2010 from http://adamp.com/management/centralization-vs.-decentralization/ .
Top Management
Division leader 1
Division leader 2
The availability of goods from around the world also affects every industry because it affects consumer tastes and preferences. "Where are the cookies that I liked so much from the United Kingdom," a consumer might ask a local supermarket owner -- "I can order them online, but I was hoping to get them at your store?"
Even a firm that does not sell goods over the Internet can use the Internet to find cheaper sources of raw material from suppliers. Importing goods might be a source of savings, especially when the dollar is strong. Now, sadly, the weakened dollar means that a vendor must be aware that the goods he or she is importing from international sources will cost more. International events, like a crisis in the Middle East will affect the price of oil, and higher oil prices affects shipping costs, the price of fuel, and thus affects even…...
In order to anticipate diversity issues and conflicts, the company will need to have a direct feedback from people who have previously lived and worked in Japan. In this sense, it is useful to see the problems that have arisen in other similar situation and, proactively, to discover ways by which such problems can either be anticipated or their effect minimized. The employees will then need to be taught the importance of age in the Japanese organizational culture, as well as different other useful information that can help them in their relationship with Japanese counterparts.
In order to prevent premature returns, one needs to have not only the right integration tools and preparatory instruments, but also the appropriate motivational elements by which the individual will want to remain and work in Japan for the company, such as a good salary, a good home, appreciation incentives etc....
Global Business
Over the last couple of generations, the world of business has gotten much more global and advanced. Technology, transportation and other advances have made the importation and exportation or goods much easier, much quicker and much more financially lucrative. Perhaps the best example of this is the heavy use of importation from China that Wal-Mart engages in with a litany of partner firms on the other side of the ocean. Wal-Mart is but one example of this phenomenon but it is certainly a major one that exist. This report shall explore international strategic alliances that businesses engage in and some of the details behind them. While some international business arrangements are ill-advised, a good many of them can be quite profitable and lucrative.
International Business Explored
The introduction of this report mentioned China, so this report will first explore them as a test case and example. Indeed, doing business with a…...
mlaReferences
Matusitz, J., & Leanza, K. (2009). Wal-Mart: An Analysis of the Globalization of the Cathedral of Consumption in China. Globalizations, 6(2), 187-205.
doi:10.1080/14747730902854158
Pangarkar, N., & Klein, S. (2004). The Impact of Control on International Joint Venture
Performance: A Contingency Approach. Journal Of International
People and services are not easily moved among the various countries. Although securing work and permits in the United States for Mexican and Canadian immigrants, NAFTA has also caused considerable concern in terms of legislation.
This is particularly the case in Canadian lawmaking. Several disputes resulted from NAFTA trading activities in the country. Such disputes for example include gasoline additives and possible related health concerns and nerve damage (Weintraub, 2004). Canada was also engaged in a long dispute regarding a 27% duty on softwood imports to Canada. This lasted for years before it was finally resolved in 2006. Significantly however, the decision was not ratified by either Canada or the United States (Weintraub, 2004). According to the U.S. Court of International Trade, imposing the duty was contrary to the United States law.
Other problems include the fact that Canada has lost more than 10,000 companies to foreign takeovers since NAFTA has…...
mlaReferences
CIA. (2010). CIA -- the World Factbook -- France. Retrieved February 16, 2010 from https://www.cia.gov/library/publications/the-world-factbook/geos/fr.html
Dow Jones Sustainability Index. (n.d.). Retrieved January 10,2010 from http://www.sustainability-index.com/
Glass, a. (n.d.) World Economy Vertical vs. Horizontal FDI. Department of Economics,
Texas a&M University. Retrieved February, 22, 2010, from http://econweb.tamu.edu/aglass/VerticalVsHorizontalFDI.pdf
Combined with the increasing prevalence of regional trading blocs, higher transportation costs may result in a move towards regional production rather than global. In other respects, however, Lonely Planet's business will remain essentially unchanged over the coming years.
Conclusion
The globalization of international trade has had a profound impact on Lonely Planet's operations. It has allowed the company to use offshore production centers that are capable of serving the global market. The monetary flows even at a relatively simple, one-product firm like LPP illustrate the degree to which economies around the world are intertwined. The company receives monetary inflows from dozens of nations, and disperses monetary flows to dozens more. Including small flows, the operations of Lonely Planet contribute to the economy of nearly every nation on earth.
The recent changes with respect to the global economy will continue to impact operations into the coming years, affecting the firm's ability to outsource…...
mlaWorks Cited:
Das, Dilip K. (2003). Financial Flows and Global Integration. Centre for the Study of Globalization and Regionalization. Retrieved April 1, 2009 fromhttp://www2.warwick.ac.uk/fac/soc/csgr/research/workingpapers/2004/wp13204.pdf
Steil, Benn. (2007). The end of National Currency. Foreign Affairs. Retrieved April 1, 2009 from http://www.foreignaffairs.com/articles/62614/benn-steil/the-end-of-national-currency
This behavio is not consideed dishonest; in fact, and Indian peson would be consideed ude if he o she did not ty to attempt to give a peson what has been equested.
Anothe vey impotant aspect of business cultue in India is the meeting etiquette. Meeting Etiquette is influenced by all sots of cultual elements descibed above, including social class. Fo example, in India, one must geet the eldest o moe senio fist, and when leaving a goup each peson must bid faewell individually. Though shaking hands is common, this is only in big cities, whee the natives ae accustomed to Westenes. Men and women, howeve, do not usually shake hands.
The next pat of the business cultue is knowing Indian names, and whee they oiginate. Accoding to one aticle, names ae based upon "eligion, social class, and egion of the county." Fo Hindus fo example, in the noth, people ae…...
mlareferences taken from "India: Language, Culture, Customs and Etiquette." (2011). Kwintesential. Retrieved August 13, 2011, from .
List provided by Shukla, M. (2011). "Guide to India." Executive Planet: Wiki. Retrieved August 13, 2011, from < http://www.executiveplanet.com/index.php?title=India >.
Jayaganesh, M & Shanks, G. (2009). "A cultural analysis of Business Process Management governance in Indian organizations." Department of Information Systems, University of Melbourne. Retrieved August 13, 2011, from .
Jayaganesh, M & Shanks, G. (2009). "A cultural analysis of Business Process Management governance in Indian organizations." Department of Information Systems, University of Melbourne. Retrieved August 13, 2011, from . s
McKnight, D., Stokes, P., Vilmenay, J. (2003). "India - A Market Analysis: For Staples Incorporated." University of Maryland. Retrieved August 13, 2011, from < http://www.sixsmart.com/SSPapers/subindia.htm >.
Certainly! Here are some essay topics related to Cross-Cultural Communication:
1. The importance of understanding and respecting cultural differences in effective communication.
2. Exploring the challenges and benefits of multicultural teams.
3. Cultural stereotypes and their impact on cross-cultural communication.
4. The role of language barriers in intercultural communication.
5. Cross-cultural communication in a global business context.
6. The influence of technology on cross-cultural communication.
7. Strategies for improving cross-cultural communication in the workplace.
8. The impact of globalization on cross-cultural communication.
9. Cross-cultural communication in diplomatic relations and international conflicts.
10. The role of cultural sensitivity and empathy in successful cross-cultural communication.
Feel free to choose one of these....
The Role of Inclusive Titles in Fostering Workplace Diversity
In today's dynamic and interconnected global business landscape, diversity and inclusion have emerged as critical pillars for organizational success. As companies strive to create equitable and inclusive workplaces, the use of inclusive titles plays a crucial role in promoting diversity and fostering a sense of belonging for all employees.
Defining Inclusive Titles
Inclusive titles are job titles that are gender-neutral, non-biased, and respectful of diverse identities. They avoid perpetuating stereotypes or making assumptions about an individual's gender, sexual orientation, or other marginalized characteristics. For example, instead of using "Salesman" or "Saleswoman," an inclusive title....
Lesser-Known but Engaging Essay Topics on Global Strategy and Sustainable Activities of Multinationals
Topic 1: The Role of Emerging Markets in Shaping Multinational Strategies
Focus: Explore how the rise of emerging markets influences the global strategies of multinationals. Discuss factors driving this shift, such as market potential, cost advantages, and political risks.
Possible Outline:
Introduction: Global reach and the importance of emerging markets
Section 1: Market opportunities and growth potential
Section 2: Cost advantages and sourcing strategies
Section 3: Political risks and their mitigation
Conclusion: Implications for multinational competitiveness
Topic 2: The Impact of Climate Change on Supply Chain Management
Focus: Analyze....
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