The Nature of International Business A company engages in international business when it conducts any business functions beyond its domestic borders. What kinds of business activities might make a company international? The most apparent activity‚ of course‚ is international sales. When a company produces in its own country and sells in another‚ it engages in the simplest level of international activity. However‚ as you will see in much more detail later in the book‚ crossing national borders
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INTERNATIONAL BUSINESS STRATEGY SPRING 2010 Office Phone Email Chiung-Hui Tseng 61411A (Institute of International Business) (06) 275-7575 ext.53512 ctseng@mail.ncku.edu.tw Texts Ireland‚ R.D.‚ Hoskisson‚ R.E.‚ and Hitt‚ M.A. (2009) The Management of Strategy: Concepts and Cases‚ 8th Edition‚ South-Western Press. Course Objectives In the past a few decades‚ the trend of globalization has rendered the world economies more interdependent. All businesses today (both international
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The cultural environment is one of the critical components of the international business environment and one of the most difficult to understand. This is because the cultural environment is essentially unseen; it has been described as a shared‚ commonly held body of general beliefs and values that determine what is right for one group‚ according to Kluckhohn and Strodtbeck. National culture is described as the body of general beliefs and values that are shared by a nation. Beliefs and values are
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International Business 301 Dr. Omar Ramzy July 16‚ 2009 Table of Contents Company Background 4 Dealing with Globalization 6 Overall Culture 8 International Trade Operations 10 Strategy and the Firm 11 Value Chain Activities 15 Primary Activities 15 Support activities 17 Value creation 18 Location Economies 19 Core Competency 20 Organizational Architecture 21 Organizational Architecture 21 Corporate Culture 21 Structure 23 People 27 Incentives and
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help sustaining the economics of China initially. Mao then continued to sustain the economy with ‘The Hundred Flowers Campaign’ during the year 1957. During the Hundred Flowers Campaign‚ Mao indicated to received and considered different opinions on how China should be governed. Many liberal and intellectual Chinese began to questioning and opposing the leadership of Mao. After the Hundred Flowers Campaign‚ it then moved on to the ‘Great Leap Forward” from 1958 to 1959’ which was the Second Five Year
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they faced with cultural differences was a major task McDonalds took on. The Process of Acculturation ‚ how would the company fit in to the culture. This is a process of adjusting and adapting to a specific culture other than ones own culture. International business will act as a change agent by introducing new products‚ ideas or practices‚ e.g. for example in a 10 year period the international portion of McDonalds sales grew from 13 - 23 %. In markets like Taiwan ‚ the entry of McDonalds and other
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transferring valuable skills between their global networks of subsidiaries. In another word‚ the strategies which increase profitability may also expand a firm’s business and thus enable it to attain a higher rate of profit growth (Hill‚ 2009). When a company plan to compete in the international environment there are two crucial factors affect the firm’s choice of strategy which are strength of pressures for cost reductions versus those for local responsiveness. Firms typically choose among four main
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Introduction Foreign Market Entry Modes The decision of how to enter a foreign market can have a significant impact on the results. Expansion into foreign markets can be achieved via the following modes: * Exporting (Direct/ Indirect Exporting) * Licensing/ Franchising * Contract Manufacturing * Management contract * Assembly Operation * Fully Owned Manufacturing Facility * Joint Venture * Mergers & Acquisitions * Strategic Alliance * Third Country
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1. Perform a STEEP analysis to understand the general environment facing Great Lakes. How will Great Lakes be affected by external factors? 2. Use Porter’s Five Forces Model to analyze the lead additives industry in the US. Given this analysis‚ is the industry attractive or unattractive? 3. Using the 3I’s framework determine Great Lakes’ immediate‚ impending and invisible competitors. How does Great Lakes measure up against these competitors? 4. What are the main capabilities
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involved in resolving legal disputes in international transactions? One of the issues that are involved in resolving legal disputes in international transactions would be lack of knowledge of the other countries laws‚ and government interference when it comes to the ruling of the courts. A business would also have to obtain knowledge about a country where they wish to conduct business. What are some practical considerations of taking legal action against a foreign business partner based in another
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