IBE Notes L4 Ethics in International Business Definition: Business Ethics: the accepted principles of right or wrong governing the conduct of business people Ethical strategy: a strategy/course of action that does not violate these accepted principles A. source and nature of ethical issues in IB: different in political systems‚ law‚ economic development‚ culture a) 5 common ethical issues: Employment practices: establishing minimal acceptable standards that safeguard the basic rights and dignity
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International Business Law Chapter 4 Study Guide (Group 8) Under frustration of purpose clause‚ a contract may be excused if the reason for entering the contract has been changed or has been invaluable. If the valuable part of the contract‚ for example a well known concert singer‚ has become ill‚ the contract may be excused due to the illness of the valuable part‚ the singer‚ of completing the contract. Valid Contract: an agreement that contains all of the essential elements and meets all
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they have a safety net if they do something wrong c) Lack of accountability? I. The Role of the World Bank A. World Bank (IBRD) role- International Bank for restruction and Development 1. Refinanced post-WWII resconstruction and development 2. Provides low-interest long term loans to developing economies B. The International Development Agency (IDA)‚ arm of the bank created in 1960 1. Raises funds from member states 2. loans only to poorest countries
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1.. Identify the five cultural dimensions identified by Geert Hofstede and describe them indicating their importance in international business. 2.. Compare the advantages and disadvantages of various modes of entering foreign markets. 3.. Why do we have international strategic alliances? What are the forms and their respective advantages and disadvantages? ---------------- 4.. Consider a firm facing a make-or-buy decision‚ Provide 2 potential benefits and 2 risks that the firm may face from outsourcing
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1. UN Commission on International Trade Law 2. dedicated to formulizing modern rules on commercial transactions and to furthering the harmonization and unification of the law of international commerce. 3. CREATES TREATIES‚ e.g. CISG 4. CREATES MODEL LAWS‚ e.g. UNCITRAL Arbitration Rules ii. UNIDROIT (International Institute for the Unification of Private Law) iii. International Chamber of Commerce (ICC)
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MBA DISSERTATION BCU Privatisation of State-owned Enterprises (SOEs) in Nigeria and it’s impact on national economy. Chapter One: Introduction‚ Aims and Objective Introduction Privatisation came into popularity in both developed and under developing countries following its successful results in the Federal Republic of Germany in 1957‚ when the Germany government sold majority of Volkswagen to private investors. Privatisation was also featured in Great Britain in the 1960s and 1970s by Mrs Margaret
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The India-versus-China debate: Asian giants’ common interests outweigh differences Feb 17‚ 2012‚ 03.21AM IST (The India-versus-China…) By Mukul Sanwal‚ Former Civil Servant Preparing for the visit of Chinese Premier Hu Jintao is an appropriate time to consider an Asian perspective of the world in 2030. India and China are competitors; but are they potential opponents? The difficulties between the two emerging powers reflect lingering attitudes rather than conflicting strategic goals. The
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Dissertation in the Field of Information Technology in Financial Management in Partial Fulfilment of the Requirements for the Master of Business Administration Degree with a Major in Finance and a Minor in Systems APPLYING COMPUTER TECHNOLOGY IN FINANCIAL MANAGEMENT Indian Institute of Social Welfare and Business Management MBA (Day) 2005 -2007 20 April 2007 Brinda Raymahasay Flat no 12-G 116 Southern Avenue Calcutta 700029 (033) 2466 2677 98311 81188 brinray@gmail.com B Raymahasay
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On 12 October 1937‚ Malayan Airways Limited (MAL) was born. On 2 April 1947‚ MAL took to the skies with its first commercial flight as the national airline. Driven by a young and dynamic team of visionaries‚ the domestic carrier turned into an international airline in less than a decade. With the formation of Malaysia in 1963‚ the airline changed its name to Malaysian Airlines Limited. Soon after‚ Borneo Airways was incorporated into MAL. Within 20 years‚ MAL grew from a single aircraft operator
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quantity supplied. (Pages 163-164) 4. What is the role of international banks in the foreign-exchange market? The role of banks in the foreign-exchange market is varied. They play a major role in both the wholesale and retail markets. In the wholesale market‚ international banks are responsible for some 83% of all foreign-exchange transactions as they trade for their own accounts and for customers. At the retail level‚ international banks provide assistance to commercial customers‚ speculators
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