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The main elements of cultue that must be addressed for international business are: Corporate or Bussiness value, good customer care, and world class service
The sociocultural environment can impact international business through factors like language, customs, values, and attitudes towards work. Elements of culture include language, religion, values, norms, attitudes, manners, and customs. Understanding and adapting to these elements is crucial for successful international business operations.
There are more than four elements of the international business environment. Some of them are economic development, monetary and fiscal policies, the legal environment, and cultural concerns. Others include the political environment, and ecological issues.
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Elements of International Law was created in 1836.
They will include all legal issues. There are a lot of things that are different in other countries and these must be accounted for.
It needs to be efficient and effective. It needs to be able to meet customer demands on time and to help them get the products that they want.
First we make the bestb plan for our business, then we should arrange men,money ,machine and material by which we can start our business.Plannig controlling ,organizing and co-operation are most usefully elements of the success.
Briefly describe any FIVE (5) changes in the social environment that can affect the operation of an organisation. Briefly describe any FIVE (5) changes in the social environment that can affect the operation of an organisation.
In business, international culture are the different cultural elements that exist beyond national boundaries. This culture is best explained by the Hofstede's cultural dimensions theoryhttp://en.wikipedia.org/wiki/Hofstede's_cultural_dimensions_theory
INTERNATIONAL BUSINESS 2Q 1 (A) What are the basic elements of social responsibility?Q 1 (B) How can you remove cross-cultural illiteracy?Q 2 (A) What are the limitations of social responsibility?Q 2 (B) How is environmental scanning useful to international business?Q 3 (A) What factors must a firm consider while addressing the make or buy decision?Q 3(B) Why are brand names an important marketing tool for international business?Q 4 (A) Why do home countries oppose export of technology?Q 4 (B) How are product decisions made in international business?Q 5 (A) How do international business seek to minimize foreign exchange risks?Q 5(B) What is FDI? Why is it preferable to other routes of international business?Q 6 (A) Is TKM's ambition of capturing 33 per cent of the Indian car market Reliable? If yes,How? If no, Why?Q 6 (B) Notes on : (a) International division structure.(B) Worldwide functional structure.(c ) What is social responsibility? Advocate why social responsibility is important?