Dumping - selling goods in a foreign market below their cost of production‚ or selling goods in a foreign market at below their “fair” market value * a way for firms to unload excess production in foreign markets * may be predatory behavior‚ with producers using substantial profits from their home markets to subsidize prices in a foreign market with a view to driving indigenous competitors out of that market‚ and later raising prices and earning substantial profits Comparative and
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INTERNATIONAL BUSINESS Pham To Mai Faculty of Economics National University of HCMC Part II INTERNATIONAL BUSINESS ENVIRONMENT INTERNATIONAL TRADE THEORY AND POLICY INTERNATIONAL TRADE THEORY Mercantilism Gold and silver were mainstays of national wealth. It was in a country‟s best interests to maintain a trade surplus maximize exports and minimize imports. Limitation: “Zero-sum game” Theory of Absolute Advantage Adam Smith (1776) Countries should produce
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HRM & Change Management Explain the extent‚ to which various HR practices work differently (better?) in different countries. Bring evidence from empirical studies. Increasing research states that HR practices have different effects in different countries because of institutional/cultural differences. Hence‚ companies that shape their HR practices based upon these geographical differences should have better firm performance according to Fey et al. (2008). Fey et al. (2008) made a choice of
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Foreign Direct Investment Foreign direct investment (FDI) is a direct investment into production or business in a country by an individual or company of another country‚ either by buying a company in the target country or by expanding operations of an existing business in that country. The accepted proportion for a foreign direct investment relationship‚ as defined by the OECD Organization for Economic Co-operation and Development‚ is 10%. That is‚ the foreign investor must own at least 10%
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1. Globalization and International Business What is globalization? Globalization refers to the widening set of interdependent relationships among people from different parts of a world that is divided into nations. The term also refers to the integration of world economies through the reduction of barriers to the movement of trade‚ capital‚ technology‚ and people. Throughout history‚ human contacts over ever-wider geographic areas have expanded the variety of available resources‚ products‚ services
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Nonverbal Communication People in the workplace can convey a great deal of information without even speaking; this is called nonverbal communication. Nonverbal communication can convey just as much as written and verbal communication‚ and human beings read and react to these nonverbal signals in the workplace. Body language is nonverbal communication that involves body movement and gestures. The catalogue of these movements‚ together with attempts at defining their meaning‚ is called kinesics
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effectiveness (achieving one’s goals). Understanding the individual’s role in cross-cultural communication has gained the attention of several researchers (Gudykunst‚ 1998; Ting-Toomey‚ 1988).Gudykunst as well as others (Klopf‚ 2001; Ting-Toomey‚ 1988) have given us a framework for examining the role that general cultural dimensions play in the communication process. Gudykunst‚ in his 1998 book titled Bridging Differences: Effective Intergroup Communication‚ concludes that “culture influences our communication
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Brian Collins Contemporary Business (BUS 508) April 15‚ 2012 Entrepreneurial leadership maximizes the chances of opportunities to improve market recognition and successful development of ideas to improve or create a product or a service. But what is the definition for Entrepreneurial leadership? According to Chris Roebuck‚ “entrepreneurial leadership is organizing a group of people to achieve a common goal using proactive entrepreneurial behavior by optimizing risk‚ innovating
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Describe a range of negotiation styles and evaluate their effectiveness Definition Negotiation‚ according to Tubbs and Moss (2006) is a “set of methods for resolving conflicts between and among people”. They also quote Walker and Harris (1995) who define negotiation as “the process of resolving differences through mutually acceptable trade-offs”. To define conflict‚ Tubbs and Moss choose a definition by Wilmot and Hocker (1998): “an expressed struggle between at least two interdependent
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RMIT International University Vietnam Bachelor of Commerce Program Assignment Cover Page | Subject Code: |BUSM3311 | | | | |Subject Name: |International Business |
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