Chapter 3- Emphasizing Cultures‚ Ethics and Norms Learning Objectives 1. Where informal institutions come from? 2. Define culture- 4 main categories (language‚ religion‚ social structure‚ education) 3. Cultures systematically differ from each other 4. Importance of ethics and combating corruption 5. Norms with strategic responses when forms deal with ethical challenges 6. Debates- culture‚ ethics and norms 7. Implications for action Opening Case- Cartoons that Exploded Sep 2005- ‘Jyllands
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political risk‚ economic risk‚ business risk cost and firm’s strategy plays a key role in determining the entry mode. 9.2 Basic Entry Decisions • Which foreign markets • Time of Entry • Scale of Entry and Strategic Commitments 9.3 Entry Modes in Brief I) Exporting Exporting is a business model where goods are produced in one country and shipped through distribution channels to another country’s economic market. Companies often use this international market entry strategy to reduce
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Understanding International Business Environments Understanding the dynamics of the international business environment is a complex process because there are so many factors that can impinge the success or otherwise of an international business. The business environment is changing and its volatility is increased by the threat of competition and changing business culture. Most importantly‚ as MNCs venture into new and unknown grounds‚ they have to carefully consider respective countries’ risks
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Coca Cola: International Marketing Mix INTRODUCTION: This scope of this essay is to discuss the international marketing mix of Coca Cola‚ which is one of the biggest brands in the world. The debate between the global standardization and local adaptation of the marketing mix has been going on for more than four decades without a resolution (Agrawal‚ 1995) and globalization trends starting in the early 1980’s has further fueled the debate (Jeong‚ 2000). This has led the global companies to make the
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TAKE HOME EXAM 1) Applicable Law Why is it important to choose an applicable law in the contract ? It is important to choose an applicable law in the contract in order to avoid the conflict of laws between countries. That’s why is necessary to set a procedure of rules that determines which legal system and which jurisdiction apply to a given dispute. The rules typically apply when a legal dispute has a "foreign" element such as a contract agreed to by parties located in different countries
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Business Ethics and International Law Avis Robinson LAW415 December 7‚ 2010 Professor Cannon Business Ethics and International Law Business ethics is defined as the analysis of a variety of disputes that can come about with the business surroundings and how employees of the company deal with those disputes ethically (Investorwords.com‚ 2011). These ethics run every company in one way or another. Each person lives by ethical theories to make decisions. The government also has laws that help
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我们已经接受了他们的报价，并订货了六万打瓶子（每打20英镑，到岸价(dàoànjià)-CIF:利物浦）。 Now i ask you to meet their managers on monday as scheduled and negotiate for a favoured method of payment. 现在我问你，以满足他们的经理在周一如期举行，谈判(tánpàn)最好的支付（zhifu）方式。 (check underlined There are different types of Payment in international trade but the ones that suit us more is Collection on documents (跟单托收) because it is very easy and convenient. There are 2 types D/P (Document against Payment)- Pay before we get the Shipping documents-at the same time as getting them‚ and D/A
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C1: Globalization and international business Globalization refers to the trend toward greater economic‚ cultural‚ political‚ and technological interdependence among national economies. Reduction of barriers to the movement of trade‚ capital‚ technology‚ and people. Has two facets:1. Globalization of Markets; the merging of historically distinct and separate national markets into one huge global marketplace. Benefits: cost‚ new market opportunities‚ levels uneven income streams. 3 causes of globalization
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ALLIANCE BUSINESS SCHOOL SUBJECT- GLOBAL DIMENSIONS OF INTERNATIONAL BUSINESS ASSIGNMENT NO.-1 DATE: 02/03/11 SUBMITTED TO: Prof. M V NARASIMHAN SUBMITTED BY: Akshay Shah Answer: 1 IMPACT OF POLITICAL TURMOIL IN EGYPT ON GLOBAL BUSINESS: Political turbulence in Egypt in casting a poll on world financial markets driving up the prices of crude oil & food and creating new risks for the shaky world economy in the months ahead. Following are the impacts of political turmoil in Egypt on global
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To: Joaquin Armada‚ President of Caribbean Tile Company From: Production and Warehouse Manager Subject: International expansion/production Date: February 23‚ 2014 Mr. Armada‚ Caribbean Tile Company has been operating for over two decades providing excellent and competitive products and prices in the construction industry. One of the reasons for such success has been the high demand for our products during the real estate boom and the competitive prices that our company was able to offer.
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