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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 role does danish modern art play in todays design schemes?
Design schemes in America in the late 20th century were strongly influenced by the simple, uncluttered lines, and sleek functionality of danish modern art.
Homes went from the European look of overstuffed sofa, frilly throw pillows, elegant wall sconces, heavy, turned wood furniture influence of the large, roomy European estates to the much simpler, casual, yet sophisticated look of cushioned frame easy chairs, unadorned, smooth wooden tables with space age chrome legs, and matching lamps, no-nonsense recliners on bentwood frames, with ottoman-type footstools on a base. The clean crisp hard lines but infused with warm wood grains and cosy, dark rich colours sitting next to lighter hues.
How did 911 impact international relations?
1. The influence of culture, religion and social in international relations. 2. New characters of international relations. 3. Trend of hegemony and relations between great powers. 4. Globalization and its consequences.
What does one million man hours compare to in everyday life?
The following is an example of what it would take to achieve the one million man hour mark: 100 Employees X 12 hrs a day X 7 days a week= 8400 man hours a week Based on the above work schedule, the 100 employees would have to work slightly more than 119 weeks (over 2 years) to achieve the one million man hour mark. This number will vary based on the number of employees assigned to the task as well as the actual hours worked.
What is international marketing?
International marketing is marketing globally to other countries. It can include your country of origin. In other words, influencing the sale of a service or product all over the world.
This marketing can be used in many fashions of advertising such as Internet, television, publications, sponsorship of events, etc.
In what ways is globalization of culture manifested in the landscape?
Simple. It is by changing the natural environment by human-made machines into human needs, that are often flat to construct urban areas to suit needs and wants such as agriculture and urban sprawl.
What is the history of international business?
As the never-ending trek of human expansion and production grows, human relations, both mutual and hostile grows as well. From the first business to be spoken of, when Arabic, European, and Asian traders bartered manufactured goods and imported goods, bringing business into the global view. When the Americas became an equal to the eastern world, business between the nations also grew. Today, the multibillion transnational corporations build towers across the world to spread business, but in my eyes, well, I see them as shining monuments to human ingenuity and prosperity.
Recommend, check the credentials by clicking my name, and keep the questions coming.
Where can you get the free quote of oil platts price and what is D2 Platts price today?
You will never find this, it is a serious racket of products costing more than 19,000( not many people can say add 20 grand to cart and check out).
Erik Wallenburg invented the tretrahedral package, nicknamed the Tetra Pak.
The main drawback of this alternative is that foreign middlemen are some distance away and, therefore, more difficult to control than domestic ones.
What is National Competitive Advantage Theory of International Trade?
PORTER'S DIAMOND - DETERMINANTS OF NATIONAL COMPETITIVE ADVANTAGE (THEORY OF NATIONAL COMPETITIVE ADVANTAGE)
Attempts to analyze the reasons for a nation's competitive advantage in a particular industry
Increasingly, corporate strategies have to be seen in a global context. Even if an organization does not plan to import or to export directly, management has to look at an international business environment, in which actions of competitors, buyers, sellers, new entrants of providers of substitutes may influence the domestic market. Information technology is reinforcing this trend.
Michael Porter introduced a model that allows analyzing why some nations are more competitive than others are, and why some industries within nations are more competitive than others are, in his book The Competitive Advantage of Nations. This model of determining factors of national advantage has become known as Porters Diamond. It suggests that the national home base of an organization plays an important role in shaping the extent to which it is likely to achieve advantage on a global scale. This home base provides basic factors, which support or hinder organizations from building advantages in global competition. Porter distinguishes four determinants:
Factor Conditions
Ø The situation in a country regarding production factors, like skilled labor, infrastructure, etc., which are relevant for competition in particular industries.
These factors can be grouped into human resources (qualification level, cost of labor, commitment etc.), material resources (natural resources, vegetation, space etc.), knowledge resources, capital resources, and infrastructure. They also include factors like quality of research on universities, deregulation of labor markets, or liquidity of national stock markets.
These national factors often provide initial advantages, which are subsequently built upon. Each country has its own particular set of factor conditions; hence, in each country will develop those industries for which the particular set of factor conditions is optimal. This explains the existence of so-called low-cost-countries (low costs of labor), agricultural countries (large countries with fertile soil), or the start-up culture in the United States (well developed venture capital market).
Porter points out that these factors are not necessarily nature-made or inherited. They may develop and change. Political initiatives, technological progress or socio-cultural changes, for instance, may shape national factor conditions. A good example is the discussion on the ethics of genetic engineering and cloning that will influence knowledge capital in this field in North America and Europe.
Home Demand Conditions
Ø Describes the state of home demand for products and services produced in a country.
Home demand conditions influence the shaping of particular factor conditions. They have impact on the pace and direction of innovation and product development. According to Porter, home demand is determined by three major characteristics: their mixture (the mix of customers needs and wants), their scope and growth rate, and the mechanisms that transmit domestic preferences to foreign markets.
Porter states that a country can achieve national advantages in an industry or market segment, if home demand provides clearer and earlier signals of demand trends to domestic suppliers than to foreign competitors. Normally, home markets have a much higher influence on an organization's ability to recognize customers' needs than foreign markets do.
Related and Supporting Industries
Ø The existence or non-existence of internationally competitive supplying industries and supporting industries.
One internationally successful industry may lead to advantages in other related or supporting industries. Competitive supplying industries will reinforce innovation and internationalization in industries at later stages in the value system. Besides suppliers, related industries are of importance. These are industries that can use and coordinate particular activities in the value chain together, or that are concerned with complementary products (e.g. hardware and software).
A typical example is the shoe and leather industry in Italy. Italy is not only successful with shoes and leather, but with related products and services such as leather working machinery, design, etc.
Firm Strategy, Structure, and Rivalry
Ø The conditions in a country that determine how companies are established, are organized and are managed, and that determine the characteristics of domestic competition
Here, cultural aspects play an important role. In different nations, factors like management structures, working morale, or interactions between companies are shaped differently. This will provide advantages and disadvantages for particular industries.
Typical corporate objectives in relation to patterns of commitment among workforce are of special importance. They are heavily influenced by structures of ownership and control. Family-business based industries that are dominated by owner-managers will behave differently than publicly quoted companies.
Porter argues that domestic rivalry and the search for competitive advantage within a nation can help provide organizations with bases for achieving such advantage on a more global scale.
Porters Diamond has been used in various ways.
Organizations may use the model to identify the extent to which they can build on home-based advantages to create competitive advantage in relation to others on a global front.
On national level, governments can (and should) consider the policies that they should follow to establish national advantages, which enable industries in their country to develop a strong competitive position globally. According to Porter, governments can foster such advantages by ensuring high expectations of product performance, safety or environmental standards, or encouraging vertical co-operation between suppliers and buyers on a domestic level etc.
What impact does a business play in tourism management?
Tourism as such itself is a big business, its an thriving Industry with great potential for growth, and many business can grow revolving around it. A Business,thus acts as an catalyst to tourism and good management is essential to meet the requirements of this industry keeping ahead of all marketing trends.
Is International Business best described as globalization or international trade?
Both!! Because globalization is a huge factor, it increases communication between different countries, to increase trade! International business covers all aspects of business (accounting, financing, marketing, etc...) but from a multicultural and more diverse aspect
What is a 1960 2.5 lira worth?
I would say about $20-30. The banknote is actually somewhat rare. Lots happened in 1960 in Turkey, including a coup and inflation. Maybe that's why the note is rare.
Are top managers responsible hen corruption is afoot?
lol
who ever is seeking the answer to this question... its WHEN not Hen (spelling error from Mr. Arts lol :)
ish,
fontys
Explain swot analysis uses in strategies analysis?
Very simple:
SWOT = Strength, Weakness, Opportunity, Threat
FIRST:
List your Strength
List your Weakness
List the Opportunity you see in the market
List the Threat you see in the market
SECOND:
Answer the following question, in any fashion.
(1) Is your STRENGTH good enough to overcome the THREAT you see and/or capitalize the OPPORTUNITY you see>
(2) Is your WEAKNESS bad enough to have you die from the THREAT or miss an OPPORTUNITY?
(3) To tackle the new OPPORTUNITY, what other STRENGTH/WEAKNESS had to be added or eliminated
(4) To mitigate the risk of the new THREAT, what STRENGTH/WEAKNESS had to be added or eliminated
Never forget the second step. Most people tends to only do the first, whereas it is actually the second one that's matter in a SWOT analysis.
How does Globalization affect on the outsourcing decisions?
Globalization opens the door to doing business on a global scale, minus the cost of transportation or immigration from one place to another. Now, businesses have plenty of options on their hand, as well as an opportunity to expand their niche at a fraction of a cost than hiring someone locally.
Advantage and Disadvantage of group data?
Reasons for grouping:
- saves space
- easier to look for patterns
- certain calculations may be performed that are more difficult on un-grouped data
Problems with grouping:
- may hide patterns if intervals are badly chosen
- open-ended intervals can be confusing to interpret, for example; Amir earns > £60,000 annually, or Umair spends < £100 weekly.
- Information may be lost- if only grouped data is published then it may lead to problems in statistical analysis.
What is something that is not a hazard of globalization?
Increased prices are not a hazard of globalization.
What was one positive effect of economic globalization?
People have been exposed to new ideas and technologies.
Consumers are willing to pay a higher price for a good, so producers manufacture more of the good.
What is the meaning of Internationalization?
Setting up a program to work in many countries in the user's own language in each of those countries. This requires some support from the OS.
How does a company decide whether it should enter international markets or not?
The awareness of the size of industry and potential production will decide whether a business should enter other markets
