million and majority speaks Spanish. Out of the 13 South American countries; we have chosen Chile after evaluation of the PESTE model. It has a high efficiency government due to its low corruption rate. That not only facilitated the setting up of business in Chile but also resulted in a relatively stable political environment as compared to its neighboring countries. Chile has comparably strong foreign relations with its neighboring countries and that contributed to the peace in Chile. Chile is one
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because of their great social and economic power. Business is governed by an implicit social contract that requires it to operate in ways that benefit society. In particular‚ corporations must take responsibility for the unintended side effects of their business transactions (externalities) and weigh the full social costs of their activities. * In recent years‚ we have grown more aware of the possible deleterious side effects of business activity‚ something economists refer to as…
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International Business 1. Q: List elements of the national business environment that influence the standardization-versus-adaptation decision. Standardized is just one of a number of strategies with which firms successfully enter the international marketplace today. Standardization may not always be the most appropriate strategy‚ even. Smaller companies may also be better off adapting to local cultures and exploiting their international image to gain market share locally. Consumers in different
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all key management positions in an international business with parent-country nationals” (p. 531). The advantages of the ethnocentric approach are: Overcomes lack of qualified managers in host country‚ unified culture‚ and helps transfer core competencies. The disadvantages of the ethnocentric approach are: Produces resentment in host country‚ and can lead to cultural myopia. An ethnocentric approach is typically appropriate for firms utilizing an international strategy. A polycentric staffing
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has‚ and not having time to see them or see their children grow. Another reason‚ I came along the reading was that any worker who refused to do overtime was to be punished. I really didn’t know that behaviors like this in a workplace exist. 2.) Discuss the meaning and implications of the statement by a Nike representative that “consumers are not rewarding us for investments in improved social performance in supply chains.” What this means to me‚ is that Nike has to step up the game‚ and start
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The effects of technology and why we should stop depending on it. The average teenager living in a modernized world has a cell phone for which he/she uses every day in order to keep in touch with all of his/her friends every minute‚ all the time (Insurance Information Institute). The last generation didn’t have cell phones when they were kids. Even their parents didn’t have cell phones. A statistic shows that 20 years ago‚ in 1990‚ when cell phones first started to come out‚ approximately 4.3 million
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students to develop skills with which they will be able to demonstrate: • The ability to keep ‘up to date’ on legislative and regulatory matters and changes‚ and determine their effects on business performance‚ management planning and decision making Task Overview: “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profit so long as it stays within the rules of the game….” (Milton Friedman‚ 1970) a. From an accounting
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location can be utilized successfully to attract customers in a saturated market and against intensified competition. Customer loyalty leads to higher customer retention rate and to continuous business success even in situations where failure to satisfy customers would normally cause an early termination of business. Therefore the restaurant operation must focus not only on attracting first-time customers but also on developing long term relationship with customers. Customer loyalty allows increased price
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Examination of the Effects of Advancing Communication Technology on Business Lei-hui Lin Tutor’s: Sandra Elliott Word Count: 1442 Date: 21/08/2012 COTENTS: 1. Introduction 2. How more advanced technology impacts on business 3. How division of labor in business impacts on employees 4. How the extensive use of computers impacts on business 5. How internet communication impacts on business 6. How instant information impacts on business 7. Conclusion
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CHAPTER 12 - DANONE IN CHINA 1. What were the intentions of Wahaha Group and Danone when setting up joint ventures in China? The intentions of Wahaha Group to joint venture with Danone is Wahaha Group expected to adopt new technology and managerial techniques from Danone. The Wahaha Group is also need cash to expand. On the other hand‚ the Danone has different intentions when deciding do the Join Venture with Wahaha Group. As the foreign companies‚ Danone has lack of management depth and size
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