CHAPTER ONE Globalization and International Business OBJECTIVES • To define globalization and international business and show how they affect each other • To understand why companies engage in international business and why international business growth has accelerated • To discuss globalization’s future and the major criticisms of globalization • To become familiar with different ways in which a company can accomplish its global objectives • To apply social science disciplines to understanding
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strategy Fast track external analysis * Gather information from your customer files‚ your competitor‚ public sources‚ market research etc * Think about events in the world at large and how they have affected‚ do affect and could affect your business * Analyze your customer base‚ understand your market and think about how it could be expanded * Identify and analyze your existing and potential competitors * Write a short description about your existing market * Write a short description
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Table of Contents Introduction of In-N-Out 4 Motive for Expansion 6 Analysis of International Markets 8 China 8 India 11 Vietnam 13 Justification of Target Market 15 Brief Overview of the Country 17 Thorough analysis of the focus country ’s history‚ economic system‚ political system‚ social system‚ and legal issues 18 Vietnam’s History 18 Economic System of Vietnam 19 Political System of Vietnam 20 Society System of Vietnam 21 Legal Issues 22 Hofstede’s Model of Cultural
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labor force 37 Changing government policies 38 Industrial estates 39 Trade Routes 40 Low Productivity 40 Weak Human Resources 41 To sum up: SWOT Analysis 42 Introduction Aftermath of World War II triggered new enlightenment in international sphere. Countries took pride in collaborating with developing nations; not conquering them – which was the measure of strength not so long back. As President Kennedy said‚ “[United States of America] will bear any burden… to assure the survival
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International Business Management Introduction Nowdays the world is like a globalised stage where the barriers to cross-border and investment have been broke down‚ the national economies are merging into an interdependent global economy system. Therefore‚ international business has become a very important role in the world economy. According to P. K. Sinha and S. Sinha (2008)‚ international business is all commercial transactions- private and governmental- between two or more countries which including
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Contents 1.0 Introduction 3 1.1 Company Profile 3 2.0 Statement of Originality and Declaration Form 4 3.0 Objectives 5 3.1 To expend our business into international market. 5 3.2 To promote our home country (Malaysia) culture to foreign country 5 3.3 To increase sales and earn more profit from foreign country 5 4.0 Situation analysis 6 4.1 Market Place 6 4.2 Legal and Political 7 4.2.1 Legal and Political of Malaysia 7 4.2.1.1 Political system 7 Legal system 8 4.2.2 Legal and Political
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Intro Exporting and international business can be interesting‚ exciting and in some cases challenging. In all cases it should be profitable and help a business grow. Doing business internationally is not the same as doing business at home. There are new skills to learn and new knowledge to acquire about the country you will be going into. You will need to learn about the different laws and regulations‚ the different customer buying habits‚ and change your marketing strategies and materials to
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International business- Commercial that crosses the boarders of two or ore nations Globalization – trend toward greater economic‚ cultural‚ political‚ and technological‚ interdependence among national institutions and economies. General agreement on Tariffs and Trade (Gatt) – Treaty designed to promote free trade by reducing both tariffs and nontariffs barriers to international trade. World Trade Organizations – International organization that enforces the rules of international trades
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class International Business Studies I have written this report. The report you’ll see in front of you is the work of 10 weeks research. For this unit I’ve been asked to plan the set-up of a small business in my local area. Starting a business involves planning‚ making key financial decisions and completing a series of legal activities. Task 1 (P1) 1.1 Present the initial business idea
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International business negotiation 1 Introduction Sensitivity to cultural differences is very important in today’s international business arena. Culture profoundly influences how people thinking‚ communication and behave. Nowadays‚ business executives are finding themselves in precarious situations due to culturally rooted differences in business protocol‚ language and value system. Therefore‚ being aware of the influence of culture on international business negotiations and the proper
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