Advanced Biomedical Devices: International ExpansionCountries selected for exportingExporting is faced with many restrictions from the countries and the regional trade bodies that regulate the export of goods and services. Many countries have adopted export restrictions, with the United States, China, and the European Union still implementing the export restrictions. Australia, Canada, Western Europe, and Japan will be the nations chosen for export. They have such a sizable number of affluent clients who can afford expensive medical equipment.Criteria for determining the internalization planThe foreign market is selected by identifying the fundamental needs for foreign investments and trades. The need for the company to enter the market is analyzed. The barriers that are encountered when entering the country are considered as well as the political climate. Another criterion determining the financial ratios as inflation, interest rate, and credit offer is considered (Miecinskiene et al., 2013). The ecological and geographical powers are also…...

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References

Commerce, Q. (2017). Overcoming 5 top challenges of international expansion. Tradegecko.com. Retrieved 26 April 2021, from  https://www.tradegecko.com/blog/small-business-growth/overcoming-5-top-challenges-of-international-expansion .

Lawlor, B. (2007). The age of globalization: Impact of information technology on global business strategies. Honors Projects in Computer Information Systems, 1.

Markets, I. (2020). U.S. Medical Devices: Imports and Exports, the Role of Tariffs and of the FDA, 1-7. Retrieved 26 April 2021.

International expansion is one of the growth strategies that are embraced by companies in order to improve their bottom-line/profitability. In this paper, we present an elaborate international marketing strategy for ed Bull energy drink. The marketing plan begins with an introduction into the concept of international expansion and marketing and a brief overview of the company. A review of the main conclusions and recommendations is then presented. This is then followed by a discussion of internalization strategy. In this section, the context as well as context and reasons for the firm's internationalization initiation or expansion decision, as well as a discussion of the stage of internationalization at which your chosen firm finds itself. The next section is a discussion of the foreign market segmentation and targeting strategies. Under this section, we justify our choice of a market concentration or diversification strategy, incremental vs. simultaneous entry, the number of countries you…...

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References

Doodle, I. And Lowe, R., 2004. International Marketing Strategy: Analysis, Development and Implementation, ThomsonLearning, London.

EastBridge Import & Export Co., LTD, The Import Procedure of Food and Drink, Viewed 14 March 2012, http://www.eastbridgechina.com/En/Show.asp?id=33.

Encyclopedia of the Nations, China Country overview, Viewed 30 April 2012,  http://www.nationsencyclopedia.com/economies/Asia-and-the-Pacific/China.html .

Euromonitor International, Red Bull plans Asian expansion, Viewed 14 March 2012, http://www.marketresearchworld.net/index.php?option=com_content&task=view&id=1232&Itemid=77

These decisions of business model structure are predicated in part on the cultural variations of the foreign country to an organizations' home nation as well. Cultural variations between regions also lead more to distrust than trust and this is especially true when work is accelerated, assuming no cultural differences exist (Yeung, Selen, Zhang, Huo, 2009). While globalization is often seen as flattening the world from a common set of business processes, cultural variations, and within these cultural differences, deeply held religious values in Muslim nations for example, are far from as homogenous as the flat world mentality would have one believe. Instead there are significant gaps culturally that are actually catalysts of greater, albeit more attuned and focused, efforts at strategic growth globally.
Manufacturing

The misconception that manufacturing is outsourced purely for cost reduction can be seen in the many uses and roles of factories within global manufacturing networks (Fedrows, 2006).…...

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References

Susan Christopherson. 2007. Barriers to 'U.S. style' lean retailing: the case of Wal-Mart's failure in Germany. Journal of Economic Geography: Transnational Retail, Supply Networks, and the Global 7, no. 4, (July 1): 451-469.

Jeffrey H. Dyer and Kentaro Nobeoka. 2000. Creating and managing a high-performance knowledge-sharing network: The Toyota case. Strategic Management Journal: Special Issue: Strategic Networks 21, no. 3,

(March 1): 345-367.

Ferdows, Kasra. 2006. Transfer of Changing Production Know-How. Production and Operations Management 15, no. 1, (April 1): 1-9.

International Expansion Proposal
Expansion Report: The report contains information requested by the CEO regarding the possible expansion and recommendation thereof into either the .S., Asian or European marketplace.

In the interest of gaining the optimal perspective for the most profitable expansion of the company, research was conducted into the economic stability and consumer health of each expansion area. It was found that the nited States has the healthiest economy of the three expansion options. Additionally, the nited States has increasing interest and demand for the product and a positive response is feasible.

In order to optimize profit and ensure a smooth transition into the nited States, importation would be the optimal initial option. The importation would be handled through local businesses who sell the product to the customers and order from our company in advance. Once sales reach an optimal level, it is advisable for the company to pursue a wholly owned subsidiary…...

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U.S. Census Bureau News. January 13, 2012.  http://www.census.gov/foreign-trade/Press-Release/current_press_release/ft900.pdf 

U.S. Surfski Championships. Wave Chaser Paddle Series. 2011.  http://ussurfski.com/ 

Valhalla Products. Valhalla Surf Ski. 2011. http://valhallasurfskis.com/index.htm

As a matter of fact, this means venturing into unknown territories by the company and because of this the company has to work to eliminate this weakness by studying the market segments and their needs so you can meet those needs.
Marketing objectives are based on understanding the strengths and weakness and the business environment that the company operate in. The objectives are also linked to the overall business strategy. For instance, in the case of ABC Textile Company business objective is to penetrate in the international market be able to pose a serious competition in the industry. So as to achieve this objective, the company will be targeting a new promising market segment especially those in the rural areas to help achieve this growth.

Having realized the target market, the company has to position itself in it. To do this, the product should have a core message that differentiates the…...

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Works Cited

Garth (2000) Strategic Management; Wiley, New York. Retrieved on May 2nd 2013 from:  http://soq.sagepub.com/content/1/2/241.extract

By offshoring tasks, companies can also focus on their core business, allowing them to grow more rapidly, increase organizational value, and complexity. In an increasingly competitive world, these benefits can mean the difference between success and failure.
Conclusion:

Globalisation and international expansion are two driving forces in organizational change, in today's world and likely will continue to be of increasing importance as the world becomes more competitive. As such, corporate strategies must be put into place that will effectively utilize the opportunities that arise from these forces, as well as safeguard against emerging threats. Increasing competition from foreign competitors is one of these threats, while international expansion offers great opportunities. Product diversification is also a corporate strategy that must be undertaken to meet the needs of consumers in different geographic regions. In addition, to remain competitive, corporate strategy can use outsourcing, as a byproduct of increased globalisation..

eferences

Hill, C.W. (2007). Global Business…...

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References

Hill, C.W. (2007). Global Business Today. New York: McGraw-Hill/Irwin.

Hitt, M., Hoskisson, R., & Kim, H. 1997, "International diversification: Effects of innovation and firm performance in product-diversified firms," Academy of Management Journal vol. 40, no. 4, pp. 767-798.

Kennedy, R. May 2009, "The tough game you have to play," Financial Executive vol. 25, no. 4, pp. 23-26.

Leandri, S. (1 May 2000), Proven strategies for international expansion, [Online], Available:  http://www.expansionmanagement.com/cmd/articledetail/articleid/15317/default.asp .

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…...

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Works Cited

Cagliano, A., Marco, A., & Rafele, C. (2013). The Impact of Near Sourcing on Global Dynamic Supply Chains: A Case Study. Dynamics in Logistics, 489-498.

Chung, C., Park, H., Lee, J., & Kim, K. (2015). Human capital in multinational enterprises: Does strategic alignment matter? Journal of International Business Studies, 806-829.

Hofstede Center. (N.d.). France . Retrieved from Hofstede Center:  https://geert-hofstede.com/france.html 

Jensen, M., & Barfield, C. (2012). Global Value Chains and the Continuing Case for Free Trade. American Enterprise Institute, 1(1), 1-15.

Wal-Mart
International Expansion

International Expansion (Wal-Mart)

Company Background

Wal-Mart Stores, Inc. is the prime retailer in the world, the world's second-largest company after Exxonmobil and the nation's leading nongovernmental company. Wal-Mart Stores, Inc. operates retail stores in a variety of retailing layouts in all 50 states in the United States. The Company's selling operations and functions serve its customers mainly through the operation of three segments. The Wal-Mart Stores segments comprise its discount stores, Supercenters, and locality Markets in the United States. The Sam's club segment comprises the warehouse membership clubs in the United States. The Company's subsidiary, McLane Company, Inc. gives products and allocation services to retail industry and institutional foodservice customers.

Layout plan

Industry Analysis

The Threat of New Entrants: The discount retailing market was dominated by large players, which by themselves served as substantial barriers to entry for new players. At the micro-level this was accomplished by:

A. Capital equirements and Economies of scale: A…...

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References

About Wal-Mart. (2004). Retrieved March 15, 2011, from  http://walmartstores.com .

Anderson, F. (1994). U.S. Discounters Head North and South of the Border. (Cover Story). Discount Merchandiser, 34, (9), p64.

Bianco, A., Zellner, W. (2003). Is Wal-Mart Too Powerful? BusinessWeek, (3852), p100.

Biddle, R. (2004, Mar. 28). Wal-Mart:Bully or Benefactor? Megachain an Economic Godsend in Many Areas Daily News, pV1.Financial Report. (2003). Retrieved March 15, 2011 from  http://financeyahoo.com

Genting Group International Expansion Approach and Strategy
In the recent past, Genting Malaysia Berhad seems to have embarked on an ambitious expansion strategy that has seen it set up operations in the UK, New York and Miami. The group's expansion into the UK was marked by its October 2010 acquisition of the United Kingdom gaming operations of Genting Singapore Plc. This gave rise to Genting UK which happens to be the largest casino operator in the United Kingdom. To further enhance its presence in the region, Genting entered into a strategic partnership last year with the NEC Group. The chief purpose of this alliance was to set up a mixed-use installation in Birmingham. Yet another crucial addition to Genting Malaysia Berhad's gaming empire in the U.K was Genting Club Riverlights. Opened last year in November and seen as a move by the group to consolidate its provincial presence, the club boasts…...

If this could have occurred, it would have meant that Lincoln Electric may have avoided overpaying for certain companies. As, they could have waited for the local economy to slow and then revisit if making this kind of purchase would have sense strategically speaking. This would have helped management to focus on how to increase their overall bottom line and to see how the business itself is affected by the shifts in the economic cycle. Once this happens, it will allow executives to avoid a potential crisis based on the underlying fundamentals. As, they have a chain of accountability and various procedures to guide them. (Augustine, 2000, pp. 227 -- 235)
At the same time, executives needed to focus on if a particular purchase would have made sense strategically speaking. As, they want to evaluate the culture and philosophy of the company they were thinking about acquiring. In this case,…...

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Bibliography

Augustine, A. (2000). Harvard Business Review on Crisis Management. Boston, MA: Harvard Business School Press.

Gilson, S. (2010). Creating Value through Corporate Restructuring. Hoboken, NJ: Wiley.

Gotschal, W. (2007). Reorganizing a Failing Business. Chicago, IL: ABA Section of Business Law.

Knapp, M. (2010). Contemporary Auditing. Mason, OH: Western Cengage.

" (Lee, 2009)
Core labor standards are stated by Lee (2009) to be "more or less the basic labor rights: that is, the International Labor Organization (ILO) core labor standards that have been confirmed by the UN Global Compact and adopted or discussed by the GRI and ISO 26000." (Lee, 2009) Those standards include the following: (1) a guarantee of the three labor rights (organizing, collective bargaining, and collective action) based on freedom of association, (2) a ban on forced labor, (3) a ban on child labor, and (4) no discrimination in labor. (Lee, 2009) Stated as important secondary standards are those as follows: (1) responsibility for employment; (2) industrial safety and health; and (3) training and education. (Lee, 2009) Lee states that western multinational companies "...are capable of investment, innovation, and reporting for SR, because they have been exposed to the CSR movement for some time. Thus companies in developing…...

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Bibliography

Malaysia (2009) Office of the United States Trade Representative. 8 Oct. 2009. Online available at:  http://www.ustr.gov/countries-regions/southeast-asia-pacific/malaysia 

Thailand (2009) Office of the United States Trade Representative. http://www.ustr.gov/countries-regions/southeast-asia-pacific/thailand 

Singapore (2009) Office of the United States Trade Representative. http://www.ustr.gov/countries-regions/southeast-asia-pacific/singapore 

Hong Kong (2009) Office of the United States Trade Representative. http://www.ustr.gov/countries-regions/china/hong-kong

Play It Safe, Or Take a isk?Should Coe\\\'s Expand Internationally? Is Mexico the best place for expansion?As Chu (2012) points out in the case study, Coes needs to diversify its risk and Latin America is an inexpensive place for doing that. From that angle it makes sense to expand internationally into Mexicoplus, there is demand from consumers for the type of business Coes can provide, as one consumer points out. In Mexico, Coes would be providing something no other store is providing. And it would be good to give some competition to Walmart in Mexico. The regulatory environment in the US looks to be tightening and the same goes for Europe, so it helps to have another income stream in an environment that is potentially more regulatory friendly.Globalization has led to a more interconnected world, and businesses have taken advantage of this by expanding into new markets (Steger & James,…...

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ReferencesBose, I., Madhur, P., & Bansal, A. (2020). Impact of Culture on International Human Resource Strategy: A Case Study on the Global Expansion of Sez-Craft, Netherlands. Journal of Applied Management and Investments, 9(3), 105-111.Chu, M. (2012). Play it safe at home, or take a risk abroad? HBR.Steger, M. B., & James, P. (2019). Globalization matters: Engaging the global in unsettled times. Cambridge University Press.

Keys to Success in Multinational Companies
Designing of comprehensive best practices policies

Sanitation

Eating and/or drinking

Conflict esolution

In-house Teams

Online Team

Security

Emergency Evacuation Procedures

The Key Benefits of Creation of the Policies

amification if such policies are not created

Significant ways in which the best practices policy contribute towards the long-term sustainability of the company

Determine whether or not the best practices policy provides a competitive advantage

International expansion is often the goal of many large companies. However international expansion means functioning in alien business environments with attributes very different from the domicile country of business. But for expansion of business, every corporate would want to venture into new markets (Ackerman, Pipek & Wulf, 2003).

At this juncture, companies have to take crucial decision based on information and data gathered from the new markets. In such situations companies are often bombarded with a constant and voluminous stream of data on a regular basis. Companies and its managers need to take critical decisions…...

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References

Ackerman, M., Pipek, V., & Wulf, V. (2003). Sharing expertise. Cambridge, Mass.: MIT Press.

Bowie, N., & Schneider, M. (2011). Business ethics for dummies. Hoboken, NJ: Wiley.

National Science Foundation (NSF). (1994). Anthropology News, 35(4), 37-45. doi:10.1111/an.1994.35.4.37.5

Singh, S. (2010). Handbook of business practices and growth in emerging markets. Hackensack, NJ: World Scientific.

Administrative and political distance risk is most seen from the standpoint
of legal and financial institutions, the monetary systems and political
associations and the role of foreign governments in defining the barriers
to entry for foreign businesses. Geographic distance risks have more to do
with the physical distance and varying climates. The geographic distance
set of risks also capture the lack of potential infrastructure due to
remoteness. The economic distance risk assessments include the different
information or knowledge process workflows throughout a culture and the
blind-spots this causes for many companies in creating the strategies to
move into another company. There are many risks also present in the
economic distance of given foreign nation, emanating from the differences
in consumer incomes and wide variations in costs and quality of natural,
financial, and human resources.
In assessing the risks of global expansion, it is critical to consider the
use of analytical frameworks to organize and communicate the risks during
the strategic planning process. The many risks…...

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References:

Ghemawat (2001) - Distance Still Matters: The Hard Reality of Global

Expansion. Harvard Business Review. Pankaj Ghemawat. Harvard Business

School Press. Cambridge, MA September, 2001.

" (Veeramani, 2004)
Stated as contributors to the export success of China are those as follows:

1) Favorable exchange rate;

2) Low wages;

3) Availability of labor;

4) Large domestic market;

5) Huge volume FDI inflows etc. (Veeramani, 2004)

India is not far behind except the gap existing in the FDI volume into China and India, which remains a large gap. The FDI for India has been of much less importance as compared to China except in view of information technology. Sinha (2007) states: "In short, while the multinationals mostly engage in the export activities with China, they target the domestic markets in India." (Sinha, 2007) the following chart shows that China is 'above average' in goods while India is 'above average' in services.

Source: India and China's Developmental Paths (2008)

The differentiations of multinational behavior likely include "the relatively high trade barriers in India (which encourages market seeking FDI) and rigidities in India's labor market (which discourages export…...

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Bibliography

Wong, Lung-Fai (1987) Agricultural Productivity in China and India: A Comparative Analysis Presented at the Symposium on Feeding the People of China and India, American Association for the Advancement of Science Annual Meeting, Chicago, Illinois, February 15, 1987. Online available at  http://ageconsearch.umn.edu/bitstream/7510/1/edc87-03.pdf 

Das, Dilip K. (2006) the Chinese and Indian Economies: Comparing the Comparables Journal of Chinese Economic and Business Studies, Volume 4, Issue 1 February 2006, pages 77-89 Routledge Taylor & Francis Group Abstract Online available at  http://www.informaworld.com/smpp/content~db=all~content=a743880372?back=%2e%2frelated%7edb%3dall%7econtent%3da713684741%7efirst%3d1%7evaa%3d0%3fbookmark%3d1&words=&hash= 

Emerging Markets outlook for 2007 - India, China, Russia, Eastern Europe and Brazil (2007) the Market Oracle. Online available at  http://www.marketoracle.co.uk/Article185.html 

Balasubramanyam, V.N., and Wei, Yingqi (2005) Textiles and clothing exports from India and china: a comparative analysis Taylor and Francis Journals in its journal

1. A case study on the impact of social media on consumer behavior
2. Analyzing the success factors of a popular brand through a case study
3. Exploring the ethical implications of a controversial business decision in a case study
4. Evaluating the effectiveness of a company's marketing strategy based on a case study
5. Investigating the challenges faced by a startup company in a case study
6. Examining the role of leadership in organizational change through a case study
7. Analyzing the impact of globalization on a specific industry in a case study
8. Discussing the implications of a major data breach on a company's reputation....

1. Analyzing the impact of employee turnover and training on the success of the Benihana simulation.
2. Exploring the role of communication and teamwork in achieving optimal performance in the Benihana simulation.
3. Investigating the effectiveness of decision-making strategies in maximizing profitability in the Benihana simulation.
4. Evaluating the importance of customer satisfaction and feedback in the Benihana simulation.
5. Examining the potential challenges and obstacles faced by participants in the Benihana simulation and strategies to overcome them.
6. Comparing and contrasting different approaches to managing and optimizing resources in the Benihana simulation.
7. Discussing the role of leadership and delegation in achieving success in the....

Here are some potential essay topics on corporate level strategies of Nestle:

1. Analyze and evaluate Nestle's diversification strategy. How has Nestle expanded its product portfolio over the years and how has this contributed to its overall growth and success?

2. Assess Nestle's international expansion strategies. How has Nestle entered new markets and expanded its global presence? What challenges has the company faced in pursuing a global strategy?

3. Examine Nestle's strategic alliances and partnerships. How has Nestle collaborated with other companies to strengthen its competitive position and drive growth? What benefits has Nestle derived from these strategic alliances?

4. Investigate Nestle's sustainability and....

1. An analysis of Nestle's diversification strategy and its impact on the company's growth and profitability.

2. Exploring the role of acquisitions and mergers in Nestle's corporate strategy and its effect on competition in the market.

3. Investigating Nestle's focus on sustainability and social responsibility in its corporate strategy and the benefits it brings to the company.

4. Evaluating Nestle's international expansion strategy and its success in entering new markets and adapting to local cultures.

5. Analyzing Nestle's product portfolio management strategy and its impact on maintaining a competitive edge in the industry.

6. Examining Nestle's pricing and branding strategies and how they contribute to....