International Business Essay Exam #2 In what kind of industries does a localization strategy make sense? When does a global standardization strategy make most sense? The industry that localization strategy would make sense would be the automotive industry‚ manufacturing factories‚ and I want to stay the big chain grocery stores. By these firms customizing the products they offer to local demand‚ the firm increases the value of that product in the local market. But on the downside‚ it involves
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poor and workers seriously suffer during the production process. The willingness of Wal-Mart to fight with the abusive system‚ in which these plants produce their products that we can see on Wal-Mart shelves‚ is an example of ethical way of doing business. If all shopping chains would adhere to a code of ethic in that way‚ it would really make a difference in the world. The benefit is that Wal-Mart is a place where people can do their shopping and be sure‚ they are buying stuff manufactured at plants
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problems faced by these food companies‚ several recommendations are given to help ease these problems. The former World Health Organization (WHO)‚ Director General‚ Gro Harlem Brundtland emphasizes on demand to the solutions of this problem‚ and the International Food and Beverage Alliances (IFBA) produce specific recommendations to the food industry. Below is the table taken from the article about the recommendations to help release the food companies from the challenges that they are facing. The food
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Case Study #3: Contract for the International Sale of Goods A chip off the new block Semicontronics is an Australian manufacturing company that has been in the business of semi manufactured electronics for over a decade. Semicontronics has a solid reputation for meeting customer demands for quality products on time and on budget. The majority of Semicontronics customers are international‚ mid-market manufacturing companies that produce generic electronics such as cell phones‚ digital media
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when founded in 1998‚ brought forth a new angle to conduct business. Traditionally marketers scan the market to determine which prices purchasers are willing and able to pay for products or services. The sellers then offer their product for a price which meets their internal criteria. With priceline‚ instead of the seller setting the price‚ the buyer makes an offer of what he or she is willing to pay and sellers compete for the buyers business. This innovation represented a first in that general non
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Discussion Questions 1. Why are Russia and Eastern Europe of interest to international managers? Identify and describe some reasons for such interest in Russia or Eastern Europe. 2. MNCs from emerging markets are beginning to challenge the dominance of developed country MNCs. How might MNCs from America‚ Europe‚ and Japan respond to these challenges? Identify and describe: What kind of cultural challenges facing Taiwan or German entrepreneurs while entering the market of Swedish culture? (Note:
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modesty and humility as management also helped clear tables‚ setting a culture of equality and high standards. President Antoine Corinthio’ views and being a cultural chameleon‚ allowed him to see that it is important to know the culture of a region before expanding in that area. 2. Do you think corporate culture play a role in Four Season’s success? If so‚ how and why? Yes‚ there is a strong corporate culture of family‚ support and also tough love. Many senior management have long durations
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Subsidies * A subsidy - a government payment to a domestic producer * Subsidies help domestic producers * compete against low-cost foreign imports * gain export markets * Consumers typically absorb the costs of subsidies Tariffs * Tariffs * increase government revenues * provide protection to domestic producers against foreign competitors by increasing the cost of imported foreign goods * force consumers to pay more for certain imports
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1.) What are the challenges regarding corporate social responsibility that companies in the apparel industry face in the supply chains around the world? Some of the challenges that companies of supply chains faced are horrible. They are the following. According to the case study‚ there have been cases reported abusive treatments in more than a quarter of its South Asian plants. Another report is that 25%-50% of factories in the region restrict access to toilets and drinking water during the
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IBM (PYQ April 2011) PART A QUESTION 1 a) Identify India’s economic system during 1947 to 1990. India’s economic system during 1947 is a democratic system of government. The economic system that developed in India after 1947 was a mixed economy characterized by a large number of state owned enterprises‚ centralized planning‚ and subsidies. b) Based on the case study‚ describe the following: i) India’s current economic system. Economic system is the framework adopted by each country to
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