decades have the general masses been able to experience open seas and exotic ports of call as a purely recreational activity. Cruises‚ i.e.‚ sea voyages for pleasure‚ offer passengers the convenience of an assigned cabin as they sail along a fixed itinerary that concludes at their original point of sea embarkation. Almost everything about the entire cruise industry is international‚ from the routes traveled to the use of flags of convenience to the locations of shipyards to the staffing of vessels
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Globalization of an Underdeveloped Nation Western Governors University Abstract What does globalization mean? There are so many ways that it is defined. It can be defined as International integration. An opening up of international trade‚ development of advanced communication‚ internationalization of financial markets‚ and an overall increased mobility of persons‚ goods‚ capital‚ data and ideas. (Chaterjee) Globalization not only changes the economical environment
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Management of risks embedded in the global business environment is a critical part of strategic planning and management process. "Failure to correctly identify and assess risks may result in market blunders‚ policy disasters‚ and or organizational crisis. It is essential for success to identify‚ assess and adapt their strategies to the environment ’ ’ (Stoffels‚ 1982). Managing an international business is different from managing a domestic business for at least four reasons: (i) countries are
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The Chinese government originally pegged the value of the yuan against the U.S. dollar in an attempt to compete with the U.S. and the rest of the world. Because China is an export driven economy‚ the government thought exports would be less expensive with the pegged value of the yuan. This is a possible benefit of pegging the value of the yuan against the U.S. dollar or any other foreign currency. Therefore‚ the pegged exchange rate undervalued the yuan by as much as 40%. This fueled a boom in Chinese
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in the unregistered securities of either privately or publicly held companies. Both commercial banks and investment banks may engage in merchant banking activities. Historically‚ merchant banks ’ original purpose was to facilitate and/or finance production and trade of commodities‚ hence the name "merchant". Few banks today restrict their activities to such a narrow scope. History of Merchant Banking Merchant banks are in fact the original banks. These
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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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1. Which four archetypes does Verbeke distinguish? Draw the figures associated with these archetypes. • Centralized exporter • International projector • International coordinator • Multi-centered MNE 2. Is there one best model? Why or why not? No‚ there is no best model‚ because using which model is depends on host country and FSAs. 3. Do you consider a centralized exporter a true multinational? Yes‚ it has operation in more than one country. 4. What does it mean that the FSA is embodied
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World War I (1914-1918) or “The Great War” had repercussions across the globe in all domains of everyday life‚ as European nations attempted to rebuild their destroyed cities and the United States adopted a position of isolationism. The interwar years (1919-1938) were a dichotomous period in the United States‚ qualified by both a recuperation from the war and the Great Depression through groundbreaking social and economic reforms‚ and a buildup of tension in several domains. Thus the government implemented
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Considering they plan on moving business to Nigeria there are factors that should be considered. Pizza Hut can’t just decide to go international‚ they have to plan and do some research before they do. Just because the finance is there doesn’t not mean the business will be successful overseas‚ after a while the money will eventually finish due to lack of profit after all the expenses paid for. Some of the things that should be put into consideration when moving a business abroad are culture‚ socio cultural
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opportunity to speak a few words on the topic ’ A world without internet’ Internet has become a part of our lives. The Internet has positively changed the face of modern day communication and commerce. It has evolved to become one of the most important inventions in mankind’s history. The Internet is all about simple and speedy communication. It connects people from all over the world. It has reduced the distance between people of different regions.Today Internet reaches nearly every corner of the earth
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