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Business Globalization
Business globalization is generally connecting economic regions worldwide in a network of trade, communication and transportation. The companies that use these networks manage resources on a global scale to meet their financial goals.
1,232 Questions
What do all these trends tell us about ways in which American culture might change?
Technologies have advanced significantly and we have become more dependent on our electronic devices for all forms of growth and communication. If this was disrupted in anyway we would enter our own form of the dark ages.
What are the processes of globalization?
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Does globalization mean Americanization?
In the early 1900's Americanization meant taking new immigrants and turning them into Americans, whether they wanted to give up their traditional ways or not.
Critics now say globalization is nothing more than the imposition of American culture on the entire world. In fact, the most visible sign of globalization seems to be the spread of American burgers and cola to nearly every country on earth.
This is how Thomas Friedman sees it. In a recent column describing why terrorists hate the United States, Friedman wrote:
". . . globalization is in so many ways Americanization: globalization wears Mickey Mouse ears, it drinks Pepsi and Coke, eats Big Macs, does its computing on an IBM laptop with Windows 98. Many societies around the world can't get enough of it, but others see it as a fundamental threat."
Simply dismissing globalization as just Americanization is misleading. Globalization has the ability to alter much more than just the movies or food consumed by a society.
What is the role of MNCs in the process of globalisation?
a fierce competitor in the global business environment.
How has globalization affected language?
paves way to tour,and know the life style and understand life is same where ever we go but language matters much.english is the life force.
What is the average income of the people in Russia?
The average income in Russia is $17,230 US dollars a year. The people of Russia that are in the top 20% earn 6x this amount, while the poor earn much less.
Is Globalisation Really Necessary?
Yes Globalisation is necessary, for an economy to grow. Globalisation refers to the integration of economic, technological, socio-political factors with the world. And with globalisation, with the mutual co-operation and assistance -particularly with reference to the law of comparative advantage- it is going to be beneficial. Globalisation also helps reducing the poverty level in the country-there are plenty of evidences and record to support it.Developing countries specially require globalization. Because Indians are very rich in resources of skilled manpower.So Other countries are interested to invest in India.We don't have that much funds/money to make very huge industries or developments.There is no shame to invite other countries for investing.lot of advantages are there..employment,infrastructure development,tourism , foreign exchange and etc..Even America would be nowhere if globalisation was an imaginary concept never put forward. Half the world's countries would be reeling in depression right now if not for globalisation. For example, petroleum, most countries are on the verge of depleting their entire reserves and some countries don't have it at all. Seeing this if not for globalisation the entire world would be left crippled due to the massive energy crisis facing them. while globalisation is necessary it is not sufficient to ensure communities gain from globalisation. To keep and spread the gains,government must not only reduce barriers to trade and investment, they must also get domestic policies right. Many people may think that globalisation is making poor countries poorer. However the evidence is very convincing that developing countries that globalise grow and reduce poverty level faster than those that do not. For example, recent study of 72 developing countries shows in the 1990's globalisng developing economies real incomes and output grew faster, on average about 4 times faster, than inward looking economies' output.
Advantage and disadvantage of globalization?
Advantages: A) It is a relatively low-cost activity to get involved in international business and expand profit. B) A firm can further create economies of scale which should lead to lower cost and hence expansion of profit Disadvantages: A) In relation to location economies, a firm may not always be located in the best region for that specific area and is therefore restricted to the cost disadvantages of the current location (if present). B) The firm is further depended on the fluctuation of transportation costs. High transportation costs can make it uneconomical to get involved in the import or export of a certain good. C) Related to point B is the fact that exposure to a foreign market will likely involve government regulations. One of these can be the availability of trade barriers such as tariffs and quotas or other hidden barriers. D) Lastly, an exporting firm will have to work with an agent which is not necessarily loyal to one brand (product). This limited control over the marketing activities or other value added activities will unlikely expose the full potential of a certain market.
Which of the following describes the role globalization has played in modern pandemics such as AIDS?
Answer this question… Improved transportation has led to infected people quickly spreading diseases around the world.
What culture are being affected by globalization?
Every culture is affected by globalization on some level.
How do political factor affect business?
Political factors:
- Changes in local, national or international legislation
For example, the minimum wage legislation (in the UK) brought many changes for firms in terms of who they employed and how much they had to pay.
Economic integration on a world wide basis has contributed to globalization. Monetary systems all interact with each other thus what any nation does economically quickly affects trading partners and others associated with even one nation. It's like a domino affect.
How much oil does Venezuela have?
Venezuela maybe has reserves of up to 350 billion barrels if all their known dark heavy and light crude are calculated. That total is far more than is now officially recognized by OPEC which means unofficially the country has greater reserves than Saudi Arabia by that current persent.
but investigation & analysis conclude , that there's more oil, a lot more. Palast reports a US Energy Department expert believes Venezuela holds 90% of the world's super-heavy tar oil reserves - an estimated total of 1,360,000,000,000 (1.36 trillion) barrels. Let me restate - 1.36 trillion barrels. That alone is more oil than Mr Hubbert believed 50 years ago lay under the entire planet.
As how it looks U.S.A need's more Venezula & Chavez then any thing else .
Mr Hugo Chavez is ultimate Goal is to permanenty increase full efforts in pushing the National oil company P.D.V.S.A prime oil market to its pick world wide.
Venezuela maybe has reserves of up to 350 billion barrels if all their known dark heavy and light crude are calculated. That total is far more than is now officially recognized by OPEC which means unofficially the country has greater reserves than Saudi Arabia by that current persent.
but investigation & analysis conclude , that there's more oil, a lot more. Palast reports a US Energy Department expert believes Venezuela holds 90% of the world's super-heavy tar oil reserves - an estimated total of 1,360,000,000,000 (1.36 trillion) barrels. Let me restate - 1.36 trillion barrels. That alone is more oil than Mr Hubbert believed 50 years ago lay under the entire planet.
As how it looks U.S.A need's more Venezula & Chavez then any thing else .
Mr Hugo Chavez is ultimate Goal is to permanenty increase full efforts in pushing the National oil company P.D.V.S.A prime oil market to its pick world wide.
What are the factors that speed up the globalization process?
A strong dollar means that it is cheaper to import, thus making it better for international companies, however worse for local business. A strong economy generally also means that people are more inclined to spend money on extra things, which will help retailers, who will in turn, probably give it to an international corporation, who will be able to spend that money on expanding, exporting more, and making things cheaper. Cheaper things make you more inclined to buy them, so you see how the cycle works.
What are apples main business aims and objectives?
objectives for a Apple company is thet whent to make a new prodoct that there objectives.
Examples of global corporation?
McDonalds and other fast food firms, Ford, Holden and other major car manufactures, etc.
Define the concept of international business and also explain its scope and nature?
INTERNATIONAL BUSINESS MANAGEMENT
The beverages you drink might be produced in India, but with
the collaboration of a USA company. The tea you drink is
prepared from the tea powder produced in Sri Lanka. The
spares and harddisk of the computer you operate might have
been produced in the United States of America.
The perfume you apply might have been produced in France.
The television you watch might have been produced with the
Japanese technology. The shoe you wear might have been
produced in Taiwan, but remarketed by an Italian company. Air
France and so on so forth might have provided your airtravel
services to you.
Most of you have the experience of browsing Internet and
visiting different web sites, knowing the products and services
offered by various companies across the globe. Some of you
might have the experience of 'even ordering and buying the
products through Internet. This process gives you the opportunity
of transacting in the international business arena without
visiting or knowing the various countries and companies across
the globe.
You get all these even without visiting or knowing the country
of the company where they are produced. All these activities
have become a reality due to the operations and activities of
international business.
Thus, international business is the process of focusing on the
resources of the globe and objectives of the organizations on
global business opportunities and threats.
Evolution of International Business
The business across the borders of the countries had been
carried on since times immemorial. But, the business had been
limited to the international trade until the recent past. The post
World War If period witnessed an unexpected expansion of
national companies into international or multinational companies.
The post 1990s period has given greater fillip to
international business.
In fact, the term international business was not in existence
before two decades. The term international business has
emerged from the term international marketing, which in turn,
emerged from the term 'export marketing'.
International Trade to International Marketing: Originally, the
producers used to export their products to the nearby countries
and gradually extended the exports to faroff countries. Gradually,
the companies extended the operations beyond trade. For
example, India used to export raw cotton, raw jute and iron ore
during the early 1900s. The massive industrialization in the
country enabled us to export jute products, cotton garments
and steel during 1960s.
India, during 1980s could create markets for its products, in
addition to mere exporting. The export marketing efforts
include creation of demand for Indian products like textiles,
electronics, leather products, tea, coffee etc., arranging for
appropriate distribution channels, attractive package, product
development, pricing etc. This process is true not only with
India, but also with almost all developed and developing
economies.
International Marketing to International Business: The
multinational companies which were producing the products in
their home countries and marketing them in various foreign
countries before 1980s, started locating their plants and other
manufacturing facilities in foreign/host countries. Later, they
started producing in one foreign country and marketing in other
foreign countries. For example, Uni Lever established its
subsidiary company in India, i.e., Hindustan Lever Limited
(HLL). HLL produces its products in India and markets them
in Bangladesh, Sri Lanka, Nepal etc. Thus, the scope of the
international trade is expanded into international marketing and
international marketing is expanded into international business.
Nature of International Business
The 1990s and the new millennium clearly indicate rapid
internationalization and globalization. The entire globe is
passing at a dramatic pace through the transition period. Today,
the international trader is in a position to analyze and interpret
the global social, technical, economic, political and natural
environmental factors more clearly.
Conducting and managing international business operations is
a crucial venture due to variations in political, social, cultural and
economic factors, from one country to another country. For
example, most of the African consumers prefer less costly
products due to their poor economic conditions. Whereas the
German consumers prefer high quality and high priced products
due to their higher ability to buy. Therefore, the international
businessman should produce and export less costly products to
most of the African countries and vice versa to most of the
European and North American countries. High priced and high
quality Palmolive soaps are marketed in European countries and
the economy priced Palmolive soaps are exported and marketed
in developing Countries like Ethiopia, Pakistan, Kenya, India,
Cambodia etc.
International business houses need accurate information to
make an appropriate decision. Europe was the most opportunistic
market for leather goods and particularly for shoes. Bata
based on the accurate data could make appropriate decision to
enter various European countries.
International business houses need not only accurate but timely
information. CocaCola could enter the European market based
on the timely information, whereas Pepsi entered later. Another
example is the timely entrance of Indian software companies
into the US market compared to those of other countries.
Indian software companies also made timely decision in the case
of' Europe.
laws, business laws and policies and regulations formulated by
the Indian Government. For example, international business
should enter into joint venture with the domestic company to
enter Malaysia. Important among them include:
Host Country's Monetary System: Countries regulate the price
level, flow of money, production levels etc. through their
monetary systems. In addition, they regulate foreign exchange
rates also through the monetary system. The tools of monetary
system include bank rate, cash reserve ratio, statutory liquidity
ratio etc. Governments also regulate remittance of the profit of
international business houses to other countries. International
companies should obey these regulations. The Indian Government
introduced full convertibility on current account; in fact,
many Governments introduced full convertibility on current
account as a part of economic liberalisation.
National Security Policies of the Host Countries: Every country
formulates the policies for its national security. Multinational
companies should abide by these national security policies. For
example, USA is a free economy as far as carrying out the
business compared to many
Impact of Culture of Switzerland
Housewives
On Marketing of Dishwashers
In Switzerland, foreign dishwasher manufacturers expected the
same rapid sales as they had first obtained in other West
European markets; but sales in Switzerland were so slow that
research had to be done to find out why (this research should,
of course, have been done before not after market entry). The
research showed that the Swiss housewife had a different set of
values to, for example, her French and English counterparts; she
was very conscious of her role as strict and hardworking and her
responsibility for the health of her family. To the Swiss
housewife dishwashers simply made life easy, and this conflicted
with her Calvinistic work ethic. As a result of th s research,
dishwasher manufacturers had to change their advertising
promoting, instead of ease and convenience, hygiene and
health. They did this by emphasizing that because dishwashers
used temperature higher than hand hot, the process was more
hygienic than washing up by harid. Thereafter, they had no
automatic dishwashers in Swit7erland.
Language: language is an important factor in international
business. Even though 'English language' is a major language
in business operations in the world, there are still a large
number of 'nonEnglish' speaking countries. Therefore,
international business houses should train their employees in
the local language of THC host country. Added to this, there
would be many languages in use in many, countries like ours.
Therefore, the business houses should train their employees in
the local languages also.
Nationalism and Business Policy : Nationalism is a dominating
factor of the social life of the people of the host countries.
In fact, nationalism also affects the business operations of the
multinational corporations dramatically and drastically. The US
people used the slogan 'Be American and Buy American Made',
when the US automobile industry failed to meet the competition
of Japanese automobile companies operating in USA.
Similar incidents are dso observed in developing countries.
Therefore, international business houses should be cautious of
nationalism and its after effects
What are the four parts of the international business environment?
The Eight Dimensions Model of International Business lists the 8 Dimensions as:
- International Perspectives
- Relationship Management
- Business-to-Business Coordination
- Regional and Country Specific Differences
- Markets, Marketing, Modes, and Sales
- Money Matters
- Perfection and Performance
- Making it Happen
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What is the role of Maquiladoras in globalization?
Maquiladoras are factories in Mexico that operate in a 'trade free' zone. They import parts or key components of products from other countries. When the components arrive, the workers at the maquiladoras assemble the products so they can be exported to global markets.
What are the negative and positive effects on globalization in Asian culture?
they liked to help them in agricultural advances
Positive:
better infrastructure, increased communication with European countries, exchange of technology
Negative:
prejudice, got rid of some Asian culture
GlObalization of business and international trade relations?
globalization is a process of free movement of capital labour technology etc
What are the arguments of those who say that globalization creates jobs and boost wages?
People who support the idea that globalization creates jobs say that the introduction of jobs stimulates the local economy. They also say that the jobs help the locals increase their standard of living, which enables them to get a better education.
How many Turkish lira can you get for a 1 us dollar?
The current accepted rate by the United Kingdom, Turkey and the United States is £1 = 4.1500 TRY
By 21 March 2016, the Pound Sterling in the United Kingdom;
Buying = 3.8000 Selling = 4.5200
By 21 March 2016, the Pound Sterling / Lira in Turkey;
Buying = 4.0500 Selling = 4.2600
Many textile jobs migrated out of the United States after the establishment of NAFTA because manufacturers could get their garments produced more cheaply outside of the country. Labor unions were not a force in these countries and workers were willing to work for a wage that was much lower than the textile workers in the United States.
