Journal of World Business 40 (2005) 111–123 www.socscinet.com/bam/jwb A forecast of globalization‚ international business and trade: report from a Delphi study Michael R. Czinkota *‚ Ilkka A. Ronkainen McDonough School of Business‚ Georgetown University‚ Washington‚ DC 20057‚ USA Abstract Globalization causes dramatic changes in business environments both in terms of their degree and swiftness. Forecasting such changes is crucial for the preparation of responses by the affected parties. This
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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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Cultural Differences Paper Psychology 535 September 20‚ 2010 Cultural Differences Paper In the following paper two multicultural concepts have been selected‚ which are individualism versus collectivism and sexual identity/orientation. Then‚ I will analyze individualism versus collectivism and sexual identity/orientation. Last‚ I will point out the significance in understanding cultural differences. Individualism versus collectivism Culture can be defined as a program of shared
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Recognizing Cultural Differences at Pizza Hut Samantha Bennington SOC/315 January 9‚ 2012 Lanny A. Kope‚ EdD Recognizing Cultural Differences at Pizza Hut Introduction I have worked for Pizza Hut for a total of nine years. This company claims that they are considered an equal opportunity employer. They claim that they follow the Equal Employment Opportunity Commission. This means that they cannot and do not discriminate against their employees (current and potential) based on several
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office‚ that accured the Japanese government and Fuji of “Unfair trading practices”. According to the petition‚ the Japanese government helped to create a ‘ profile sanctuary’ for Fuji in Japan by systematically denying Kodak access to Japanese distribution channels for consumer film and paper. Kodak claims Fuji has effectively shut Kodak products out of four distributors that have a 70% share of the photo distribution market. Fuji has an equity position in two of the distributors‚ gives large
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TEN WAYS THAT CULTURE CAN AFFECT YOUR NEGOTIATION by Jeswald W. Salacuse Governance | September / October 2004 Share on emailEmail Share on twitterShare on Twitter Share on facebookPost to Facebook Share on linkedinShare on LinkedIn Share on deliciousSave to Delicious Share on instapaperSave to Instapaper When Enron was still – and only – a pipeline company‚ it lost a major contract in India because local authorities felt that it was pushing negotiations too fast. In fact‚ the loss of the contract
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also some drawbacks. In Mittal Steel’s most recent acquisition of Arcelor‚ they were many concerns. European politicians opposed this acquisition because they felt as if Mittal Steel was end India Enterprise. They thought this would have negative impacts on the European economy after the recent global crisis. QUESTION 4: What are the benefits to Mittal Steel from entering different nations? ANSWER 4: By being a player in multiple markets‚ Mittal Steel has diversified its income streams‚ and
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thanks giving day it had to be the people and the food - I experienced. First of all‚ if you’re going to a city like Mexico‚ I feel you blend some of the cultural experience already. The people were outgoing and outspoken in their language of course. The food was awesome and the different cultures that were located in that area. My best cultural experiences would be when you are together with your family. Living and enjoying the overall moment that you are living for during the holidays especially
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International Business Management What are the advantages and disadvantages of international strategic alliances? How to select partners for cooperation? An International strategic alliance is typically established when a company or establishment decides to edge into related business or new geographic market especially one where the government prohibits imports in order to protect domestic industries. There are a number of advantages and disadvantages pertaining to international strategic alliances
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The cultural influence of difference in focus and categorization In the research article‚ “The influence of culture: holistic versus analytic perception” provided by Richard E. Nisbett and Yuri Miyamoto‚ there is evidence that perceptual processes are influenced by culture. The research found that Western cultures focus on salient objects and use rules and categorization for purposes of organizing the environment‚ whereas‚ East Asian cultures focus more holistically on relationships and similarities
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