Globalization and International Business 1 1 LEARNING OBJECTIVES Ø Ø Ø Ø Ø Ø Ø Ø Ø Globalization and International Business To outline the historical perspective of globalization of business To explain the concept of globalization To elucidate the factors influencing globalization To discuss the various techniques for measuring globalization To examine the reasons for support and criticism of globalization To discuss global business expansion strategy for emerging market companies To
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Many U.S. companies are doing business internationally‚ but many complex situations can arise. Having an understanding of cultural differences in the workplace becomes important‚ and to understand these differences‚ people need to know and understand a culture’s ecological correlations‚ or in other words‚ the concepts that describe a culture (Brislin‚ P. 278). In reading the case “Negotiations – BWA Discovers the Indonesian Way” in Understanding and Managing Diversity‚ many cultural issues had
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Strategic Management and Leadership SM0374 Your Undergraduate Programme Learning Goals At the end of your programme of study you will be: 1. Knowledgeable about the theory and practice of international business management 2. Skilful in the use of professional and managerial techniques and processes 3. Aware of ethical issues impacting on business and professional practice 4. Employable as graduates All of the learning that takes place within modules is designed to enable you
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FDIC)‚ "the term merchant banking is generally understood to mean negotiated private equity investment by financial institutions 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
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CASE I ARROW AND THE APPAREL INDUSTRY 1. Why did Arvind Mills choose globalization as major route to achieve growth when domestic market was huge? Answer The reasons of choosing global market by Arvind Mills are: 1. Market seeking motives‚ such as exclusiveness of product and service with high productivity‚ stringent in-line quality control and an encouraging manufacturing atmosphere. 2. Economic motives‚ such as profit making by implementing cutting edge technologies to achieve economies
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Accounting Principles (GAAP) in favor of the international standards‚ International Financial Reporting Standards (IFRS)‚ followed by most of the world. This modification would represent one of the prevalent accounting rule changes for public companies based in the U.S. Among other issues‚ it would likely dislodge the Financial Accounting Standards Board‚ or FASB‚ as the U.S.’s chief accounting authority‚ incorporating it under the London-based International Accounting Standards Board (IASB). Many
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• What were the three largest differences between your Bank and its peer group in the core ROE decomposition analysis? • How did the drivers (#1-3) help to understand the ROE decomposition? • Are there any drivers that could provide a better understanding of the Bank’s performance? • What was the largest surprise about your Bank in relation to its performance and comparison to peer group? • Identify three strategic initiatives
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Available online at www.sciencedirect.com Journal of Cleaner Production 16 (2008) 1717e1726 www.elsevier.com/locate/jclepro The prospects for global green car mobility Patrick Moriarty a‚*‚ Damon Honnery b a Department of Mechanical Engineering‚ Monash University‚ P.O. Box 197‚ Caulfield East‚ 3145 Victoria‚ Australia b Department of Mechanical Engineering‚ Monash University‚ P.O. Box 31‚ 3800 Victoria‚ Australia Received 21 March 2007; received in revised form 11 October 2007; accepted
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1.Define globalization and international business and explain how they affect each other. 2.Why companies engage in international business and why the growth of international business has accelerated? 3.Explain the major causes of cultural differences and change. 4.Discuss the problems and methods of learning about cultural environments. 5.List and describe the various modes of international business as described in the text. 6. What is the different between licensing and franchising? 7.What
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Case#4- Federating Insurance: Targeting Small Businesses 1. When looking at an automobile industry the Federated macrosegmentation would be taking a company like BMW and looking at the market segments in a broader view. For example‚ the owner of the branch must make sure their employees are happy with their job. The macrosegmentation of this would be employee performance. Federated plays a role in this because with great performance comes incentives. Federate gives insurance incentives to BMW
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