planners in multinational organizations is to identify and assess different types of risks involved in the rapidly growing and changing global markets. The diverse and dynamic global environment includes a myriad of risks that need to be identified‚ and assessed to ensure survival and success. Management of risks embedded in the global business environment is a critical part of strategic planning and management process. "Failure to correctly identify and assess risks may result in market blunders
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INTERNATIONAL BUSINESS Pham To Mai Faculty of Economics National University of HCMC Part II INTERNATIONAL BUSINESS ENVIRONMENT INTERNATIONAL TRADE THEORY AND POLICY INTERNATIONAL TRADE THEORY Mercantilism Gold and silver were mainstays of national wealth. It was in a country‟s best interests to maintain a trade surplus maximize exports and minimize imports. Limitation: “Zero-sum game” Theory of Absolute Advantage Adam Smith (1776) Countries should produce
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Management Report on Paper Converters Limited MSc INTERNATIONAL BUSINESS MOUDULE NAME: INTERNATIONAL MANAGEMENT [BMG813M1] COURSE INSTRUCTOR: PETER EMELONE STUDENT ID: B00640364 DATE: 13 MAY 2012 Word count: 3200 MSc INTERNATIONAL BUSINESS MOUDULE NAME: INTERNATIONAL MANAGEMENT [BMG813M1] COURSE INSTRUCTOR: PETER EMELONE STUDENT ID: B00640364 DATE: 13 MAY 2012 Word count: 3200 Content page: Section No Page
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International business Important topics: Ch 12-The Strategy of International Business * Explain the concept of strategy. * Understand how firms can profit from expanding globally * Understand how pressure for cost reduction and pressures for local responsiveness influence strategic choice * Be familiar with different strategies for competing globally and their pros and cons. * Explain the pros and cons of using strategic alliance to support global strategies Ch 13-The Organization
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SAMPLE CASE STUDIES – International Business Case Study 1 - Documentary Credit M/S Auto India Introduction M/S Auto India is a public limited company; they manufacture SUVs (sports utility vehicle)‚ in technical collaboration with General Motors of USA. The company has established their manufacturing base at Ranjangaon in Pune. They have acquired an area of 250 acres and the total project cost is estimated at Rs 1500 crores. As per the projections‚ the company is slated to achieve a 25% market
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CHAPTER 1 AN OVERVIEW OF INTERNATIONAL BUSINESS Chapter Objectives 1. 2. 3. 4. 5. Discuss the meaning of international business Explain the importance of understanding international business Identify and describe the basic forms of international business activities Discuss the causes of globalization Comprehend the growing role of emerging markets in the global economy 1-2 What Is International Business? Business transactions between parties from more than one country
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study of international business is fine if you are going to work in a large multinational enterprise‚ but it has no relevance for individuals who are going to work in small firms.” Evaluate this statement. This statement might have held more truth years ago‚ but certainly not today. The workplace is drastically changing on a constant basis and the world is becoming integrated. I believe it is important to study international business for large and small corporations and any type of business. All
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CHAPTER 5 Ethics and Social Responsibility in International Business Chapter Objectives After studying this chapter‚ students should be able to: 1. Describe the nature of ethics. 2. Discuss ethics in cross-cultural and international contexts. 3. Identify the key elements in managing ethical behavior across borders. 4. Discuss social responsibility in cross-cultural and international contexts. 5. Identify and summarize the basic areas of social responsibility. 6. Discuss how organizations
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7/16/2013 LESSON 2 THEORIES OF INTERNATIONAL BUSINESS Instructor: LTT. Xuân 1 Content Instructor: LTT. Xuân 2 1 7/16/2013 AN OVERVIEW • Free trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country International trade allows a country to specialize in the manufacture and export of products that can be produced most efficiently
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Cultural Differences in International Business International business negotiation is playing a more and more important role in modem society. We can see clear that there are great differences in international business negotiation. Specially‚ culture can influence negotiating styles in numerous ways‚ because negotiator who may come from another nation is different from us‚ in language‚ beliefs‚ and behaviors. Different cultures employ different ways of doing business. Nowadays‚ the world is
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