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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 is greenfield venture strategy?
A greenfield strategy is to enter into a new market without the help of another business who is already there. An acquisition is the opposite of a greenfield entry.
What are the different stages of international business environment?
international business (involves export and import),
multinational business (adaptive, product suited to local/host market),
global(coordinated product offering)
and transnational business (different functional heads in different countries).
Implication of globalization to Human Resource Management function and functionaries?
When going global, an organization has to reconsider the following factors :
Employment Laws
Culture
Terminology
Corporate Social Responsibility
Globalization can cause difficulties in Human Resources management. For example, it means that you have to recognize degrees from other countries.
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What is the meaning of colonizer and colonized?
Colonizer refers those people or countries who establish colonies in a location. The colonized refers to those people or countries in the established colonies.
What is globalization and international management?
international management is process of applying management concepts and techniques in a multinational environment and adapting management practices in different economic,political, and cultural environment.
The globalization effects of people life?
Globalization has large effects on the lives of people. As new products and business branch out into other countries, people wish to try them which creates a larger division among socioeconomic classes. It can create many problems as people work harder in order to keep up with new standards, creating more stress.
When did historical globalization start?
Historical globalization began in the 15th century with the Age of Exploration, when European powers began colonizing and establishing trade networks around the world. This period marked a significant increase in global interactions and the exchange of goods, ideas, and cultures between different regions.
What are some examples of mixed capitalist countries?
The United States is typically seen as a capitalist country, but it is also socialist as the programs the government provides are a product of our tax money. Other capitalist countries include Brazil, Japan, Sudan, Sweden, and Columbia.
Why can the law of demand apply only in a free market economy?
demand refers to need for a resource. the law of demand states that an increase in demand will result in an increase in price, ceteris paribus. in a free market economy, sellers are free to increase prices when demand increases. in a closed economy prices are controlled by government. an increase or decrease in demand doesn't affect prices.
What is eBusiness and how can one make a living at it?
An e-business is a business that operates on the internet, and not from a public accessable office or shop.
Amazon is one example of an e-business. Registered customers log on, view offers and stock on line, and then order goods and pay on line.
Marketing mix differ in domestic and international environment?
The marketing mix differs in the domestic and international environments due to their varied dynamics. The marketing mix refers to the price, product, promotion and place which will be different in terms of the targeted audience for domestic and international markets.
What are the major oppurtunities and threats to multinationals doing business in India?
One significant opportunity is the fact that the business can have access to cheap labor. A threat is the fact that other businesses are thinking the same way, so it really doesn't offer an a competitive advantage.
What are some examples of capitalistic countries?
Capitalism is an economic system and not a political system. Countries thus do not (typically) enshrine capitalism as a part of their constitutional framework, nor do they typically limit policy choices to capitalism. However, the vast majority of countries (almost all liberal democracies and most authoritarian systems) in the world use capitalism as their dominant economic system, including the United States, Canada and Mexico, all of the 27 countries of the European Union (Ireland, UK, France, Portugal, Spain, Belgium, The Netherlands, Louxembourg, Germany, Italy, Sweden, Finland, Denmark, Malta, Cyprus, Austria, The Czech Republic, Slovakia, Poland, Hungary, Slovenia, Romania, Bulgaria, Latvia, Lithuania, Estonia and Greece), as well as many, many other countries (such as Australia, Japan, India, Egypt, Tunisia, Indonesia, New Zealand, South Africa, Switzerland, Botswana, Brazil, Colombia, Chile, Peru, Russia, Turkey etc. etc.). Even some countries which in-name follow different economic systems (such as China, claiming to have a "communist economy with Chinese characteristics") are capitalist (i.e. have most of the output coming from industries in private property trading and setting prices on a free market by the laws of supply and demand, and have a legal framework geared to protecting and encouraging such a system of production). It is actually easier to count countries that are not capitalist (such as North Korea, Cuba or most of Vietnam), or still have some way to go until ancient economic structures make way for capitalism (such as in Bhutan or in significant parts of Sub-Saharan Africa).
World trade overall, and the international economy is capitalist overall (international prices and company values are established in stock and mercantile exchanges such as NYSE or NYMEX with international overseeing from institutions such as the WTO)
Answer:The United States of America.
Brazil
Japan
Sudan
Sweden
Colombia
Note:It's also worth mentioning that while most countries embrace the fundamentals of capitalism, there is no example of pure capitalism in the world. The economies of the countries listed above are considered "mixed economies" (http://en.wikipedia.org/wiki/Mixed_economy). If an economy is analyzed in the capitalism-socialism spectrum, most countries, including the United States, would appear closer to the middle.
What is International Hygiene Organisation IHO?
HYGIENE STANDARD INSTITUTE formerly INTERNATIONAL HYGIENE ORGANISATION now renamed as HYGIENE STANDARD INSTITUTE (HSI)Origin The International Hygiene Organisation(IHO) is an international standard-setting body for promoting "Hygiene, Environment Sanitation, Safety and Health" (HESSH) composed of representatives from various national standards bodies. Founded on 2007, as a Non Governmental Organisation, organization produces world-wide "Hygiene, Environment Sanitation, Safety and Health" (HESSH) standards. IHO have offices in Ireland and India. IHO is now renamed as Hygiene Standard Institute (HSI) Mission International Hygiene Organisation (IHO) is governed by a group of managers, doctors and educators, whose agenda is to promote "Hygiene, Health, Environmental management and safety" world-wide for the well-being of humanity and the Universe. Its mission is: * To promote an understanding of the authentic principles and practice of "Hygiene, Environment Sanitation, Safety and Health" (HESSH). * To provide an international focus for people worldwide interested in (HESSH) principles and awareness which supports it. * To further develop the philosophy and practice (HESSH) principles and to keep up to date with ongoing knowledge and understanding. * To integrate the awareness of spiritual, mental, social and physical Hygiene to maximize our health potential, enlightenment, and joy in living. * To hold educational seminars, conferences and symposia in many locales on (HESSH). * To publish regular eNewsletters on (HESSH) education articles. AIMS & OBJECTIVES * To promote the profession of anticipation, identification, evaluation, and control of environmental factors and stresses arising in or from the workplace or its products in relation to the hygiene, health or well-being of workers and the public and society. * To conduct hygiene, environmental hygiene and food safety audits in various areas of (HESSH) fields to needful organizations and industries where appropriate * To issue certifications on hygiene, environmental hygiene and food safety in various areas of (HESSH) fields, if the audited organisations are found in compliance to our standards of (HESSH). * To increase the knowledge of (HESSH) through sharing, interchange and dissemination of information and to bring together individuals and organizations interested in the various areas of hygiene, sanitation, health and environmental health fields. * To promote the profession through the encouragement of interest within the group and participation and cooperation with governmental, industrial, educational and other professional bodies. * To collect and make accessible to all those engaged in (HESSH) such information and data that may assist them in the fulfillment of their duties. * To contribute knowledge and expertise to needful organizations and industries where appropriate. * To support the (HESSH) sector in effectively addressing water- and waste-related disease burden and in engaging others in its reduction. * To assist non-health sectors in understanding and acting on the health impacts of their actions. * To reinforce the following three priority capacities of partners to: (1) utilize systems approach, (2) design hygiene policies, and (3) manage and disseminate knowledge, lessons & information. * To act so as to help the general public have a better and responsive understanding of Health matters, personal hygiene, social and community hygiene, environmental issues related hygiene. * To open up educational institutes, conduct training, hold seminar, debates, meetings, conferences, and awareness activities to promote the object mentioned under the other sub-heading of "Aims & Objectives." * Recruitment and Training of Certified Hygienists (CH) - Develop and conduct programs of recruitment of graduates in the Basic sciences, paramedical, medicine and in engineering into the field; promote training programs (HESSH) in collaboration with the universities and * To consult with Universities on (HESSH) training programs, regarding entrance requirements, curricula and methods of instruction to ensure a firm base on which to build professional competence; encourage the development of programs of continuing education and training for practicing as hygienists through refresher courses and advanced seminars. * Promotion of Hygiene With Those In Government, Industry And Labor - Promote recognition by all individuals and organizations concerned with hygiene, sanitation and health maintenance of the need for the highest level of competence in hygiene practice; participate actively in governmental committees and hearings and in the parallel efforts of employer management groups and labor organizations to improve and extend health activities; collaborate with other professional groups in (HESSH) fields in pursuit of common aims and objectives. * To promote research, information, evidence and development of (HESSH) sciences. * Enhancing partnerships and to carry out the work with the support and collaboration of many partners, including UN agencies and other international organizations, donors, civil society and the private sector. * Advancement of the International Hygiene Organization Certification Process Work with the appropriate governmental and private agencies to secure the widest acceptance and adoption of certification by the International Hygiene Organization (IHO) as a basic qualification for employment in both public and private industrial hygiene organizations. * Code of Ethics - Provide for the establishment of and education for the code of ethics for the practice of hygiene. * Promotes, protects, and enhances hygienists and other occupational health, safety and environmental professionals in their efforts to improve the health and well being of workers, the community, and the environment. REFERENCE / CITATION http://en.wikipedia.org/w/index.php?title=International_Hygiene_Organisation&oldid=146246686
What are the Changes seen in Indian value system over years?
Yes, Indian value system has been changed over the years.Indians have laid high stress on values like peaceful co-existence,spirituality, deference to elders,recourse to nature, artistic expression, seeking prosperity, strong family ties, respecting even the tools of ur trade, joyousness and hospitality.But these days Cultural ethics,traditions have lost their charm and they have just remained as a day of leisure.Westernization has grappled Indians in every way.
Yes, Indian value system has been changed over the years.Indians have laid high stress on values like peaceful co-existence,spirituality, deference to elders,recourse to nature, artistic expression, seeking prosperity, strong family ties, respecting even the tools of ur trade, joyousness and hospitality.But these days Cultural ethics,traditions have lost their charm and they have just remained as a day of leisure.Westernization has grappled Indians in every way.
Yes, Indian value system has been changed over the years.Indians have laid high stress on values like peaceful co-existence,spirituality, deference to elders,recourse to nature, artistic expression, seeking prosperity, strong family ties, respecting even the tools of ur trade, joyousness and hospitality.But these days Cultural ethics,traditions have lost their charm and they have just remained as a day of leisure.Westernization has grappled Indians in every way.
SWOT of RMG sector of Bangladesh?
Strength:
•Advantage over China, Pakistan & India
•Adequate supply of labor force of both sexes, attributed with less attitudes problem (less absenteeism and, aptitude for learning, and loyal) and high morale
•Cheaper labor cost
•Low cost of captive power generation using gas as fuel
•GSP facility up to 2015 (renewed recently)
Weakness:
•Bangladesh produce mostly basic products- which are low cost items; the share of fashion products i.e., high value added product is very low.
•Bangladesh does not produce the basic raw materials (only a negligible quantity of cotton but no manufactured fiber) and as such has to depend totally on sensitive global market.
•Because of inadequate backward linkage, lead-time happens to be long, nearly 3 months.
•Public power supply is erratic.
•Bank interest rate is still high enough, particularly of private sector bank, for investment of export oriented high value project.
•HRD facility, productivity and quality support, testing and accreditation support, design support and compliances are yet to be enhanced.
•Cost of doing business is high because of under table money
Opportunity:
•Bangladesh has now a scope to go for more fashion oriented products deserving high price in the global market.
•With the help of further increase of productivity & quality and design support, Bangladesh can minimize cost and maximize profit and export value.
•Bangladesh, as a proven experienced RMG & Textile manufacturer, can expand share in the existing market (USA, EU, Australia, Canada, etc.) and can also explore opportunity in Japan & CIS countries.
•In the long run, Bangladesh has a scope to target huge populated country like China and India- where demand as well as cost of manufacturing will be wider.
Threat:
•Unless new strong market is explored in home or abroad, any non-cooperation from USA & EU may jeopardize the whole Bangladesh RMG export business and consequently the textile manufacturing.
•Sudden price hike of cotton and yarn in the global market may push Bangladesh to a very awkward situation to devastate the business.
•The type of labor and political anarchies of the recent days if prevails in the future, Bangladesh may lose the business in the way Sri Lanka has lost.
•Growing terrorism, or its false/amplified propaganda, is also a big threat.
•The poor political culture and violence is one of the most important threats.
In order to make further boom, Bangladesh has to create new capacities and modernize &balance the existing ones. Encouragement of FDI from ethnic Bengalis in foreign countries would be one of the best options for the needed financing in addition to the local banks' efforts. Power supply has to be ensured.
Bangladesh needs to develop capacities to provide the industries with a sustainable supply of resource personnel and support services in regard of research, design, testing & standardization, accreditation, compliances, etc.
Bangladesh has to improve the port efficiency further and gear up domestic transportation. Labor crisis, labor safety, social rights and gender issues have to be dealt with more efficacies. It is important that the buyers should have a preferred access to thecountry; starting from reception on arrival to facilities such as hotel/rest house, tourism and recreation should be improved.
Farhad Rana(SMUCT)
The company i work for, registrars to the highest percentage of the FTSE 100 across the market, and providers of employee share plans, ISA plans and pension schemes
