Culture in a global economy is a critical factor in international business. While many business transactions make economic sense‚ the ability to successfully fulfill profitable relationships often depends on being able to reconcile international differences arising from separate cultures. Understanding cultural differences is an initial step‚ but managers also need to engage in learning processes to develop international cultural competence. Cross-cultural training enables managers to acquire both
Free Culture Cross-cultural communication Intercultural competence
E commerce effects for the society Convenience * Accept credit cards and as many other forms of payment as possible. * Carry as many items in stock as possible to avoid backorders. * Send an e-mail confirmation for all orders. * Make sure all the components of the site load quickly. Helpful for disables and aged people * No need of going place to place * Can have Home delivery facility * Easy access via e-commerce site Time saving * No need to wasting time to
Premium Management Carbon dioxide Commerce
Impacts of Globalization on an Economy: Globalization is a phenomenon‚ which demonstrates a significant growth in the overall international trade of goods‚ services and other financial assets as observed in an economy. Globalization also commonly refers to a situation where in one country highly interacts with other countries or economies via trade‚ competition or investments. In such situations any change taking place in one economy and lead to significant impacts and changes in the economies
Premium International trade Export Trade
Impact of Recession on Indian Economy & Changes in Consumer Behaviour due to Recession Introduction- Almost everybody today seems to be discussing about the US Recessionary trend and its impact on emerging countries‚ more particularly India Economists‚ Industrialists and the common man on the streets seem to have been horrified by the very thought of recession in India and that too due to US. Decreasing industrial production‚ inflation‚ decreasing job opportunities‚ cost cutting‚ reducing
Premium Unemployment Inflation Recession
Word count 2.269words Using examples and case studies discuss and evaluate the impacts of foreign direct investment on host country economies. Introduction Foreign Direct Investments are long term capital holdings directly invested in one country by another country. These foreign direct investments can be either outwards or inwards. The outward foreign direct investment is also referred to as investments abroad and is usually
Premium Management Marketing Psychology
The impact of globalization on the economy Globalization is one of the main features of modern society. Today it covers almost all spheres of human activity‚ and its influence becomes more and more obvious. To talk about the effects of globalization‚ it is necessary to understand its nature and the factors‚ sources‚ which led to its emergence. Today majority of scientists agree that economic globalization “is the increasing economic interdependence of national economies across the world through
Premium Economics Globalization
Inflation Impact on Economy Inflation means a rise in prices of goods and services in an economy over a period of time. Inflation is caused by some demand side factors (Increase in money supply‚ Increase in income‚ Black money spending‚ Expansion of the Private Sector‚ Increasing Public Expenditures) and some Supply side factors (Shortage of factors of production‚ Industrial Disputes‚ Increase in exports (excess exports)‚ Global factors‚ Neglecting the production of consumer goods). Inflation
Premium Economics Inflation Money
Strategic Intelligence: View from the NIC Hernan Briones Dr. Gregory Treverton‚ Chairman of the National Intelligence Council (NIC)‚ started his talk by offering a quick overview on how strategic intelligence supports policy making. He explained the basic organization of the NIC and its responsibility with regards to intelligence analysis and being able to foresee the future. More importantly‚ Dr. Treverton discussed how the NIC provides basic intelligence support to the two main policy making
Premium Economics United States People's Republic of China
CONTEXT OF GLOBALIZATION 05 • THE CURRENT GLOBAL POLITICAL ECONOMY 06 IMPACT OF GLOBALIZATION ON THE NATIONAL DEVELOPEMENT IN THE SOUTH 07 • IMPERIALISM AND GLOBALIZATION 08 • SOCIAL AND CULTURAL IMPACT 07 • POLITICAL AND ECONOMICAL IMPACT 07 CONCLUSION 09 BIBLIOGRAPHY 10 EXPLANATION AND DEFINITION OF TERMS Political Economy Political economy originally was the term for studying production
Premium Political economy Globalization Economics
TOPIC a) Analyse the effects of the global recession on Morocco’s economy. b) Discuss what action Morocco has taken to reduce the adverse effects of the downturn c) In your view‚ does the downturn offer any positive opportunities for Morocco? Table of contents Introduction 4 1. The effects of the global recession on Morocco’s economy 5 1-1 The impact of the international financial crisis on Moroccan financial economy 5 1-2 - The Moroccan economy facing crisis 6 2. Actions taken
Premium Morocco Economics Financial crisis