Chapter 1 Globalization and International Business 1) The broadening set of interdependent relationships among people from different parts of the world is known as ________. A) globalization B) offshoring C) franchising D) outsourcing Answer: A Diff: 1 Page Ref: 5 Skill: Concept Objective: STUDY QUESTION 1.1: What are international business and globalization? What is the relationship between them? AACSB: Multicultural and Diversity 2) The term globalization is sometimes used to mean the ________
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Topic 1: International Business 1. Why companies engage in international business? There are three major operating objectives that underline the reasons for companies to engage in international business: -expanding sales: pursuing international sales usually increases the potential market and potential profits -acquiring resources: foreign sources may give companies lower costs‚ new or better products‚ additional operating knowledge -minimizing risk: international operations may reduce
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corporate cultures are under heavy pressure to adapt regional thinking in to their management strategies. The current activity of international exports and imports gives a glimpse in to future what the form of business organizations will be where globalization will affect even in to small national import company’s strategies. One of the biggest challenges when operating business globally is understand and benefit from cultural differences. Culture clash Culture can be seen as the sum of the beliefs
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Q-1Explain how trade lowers the costs of making computer peripherals such as mice and keyboards. ANSW.It is amazing to think that trade helps to lower the costs of a product. As we saw in the previous question‚ if the United States were to build a product entirely domestically‚ the retail price would not be feasible to most consumers. With trading in place it allows for economies of scale. The technology can be developed in one country‚ the ergonomics in another country‚ the production in another
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intends to outline a potential approach to investigating the path of internationalisation of firms whose business models are based on digital technology. It is believed that such firms‚ due to specific characteristics of their product offering and industry‚ exhibit an idiosyncratic internationalisation process overemphasising dynamism and managerial entrepreneurship. Hence‚ they seem a suitable context to apply a process lens through which the Uppsala model can be extended allowing for managerial intentionality
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Assignment Question “The ability to managing change is an important factor for today’s business organization to remain competitive and relevant” Critically analyze and discuss the above statement and in particular discussed the type of changes that an organization is subjected to and the effect of these changes to the organization. In addition‚ your discussion should include strategies in managing these changes Assessment Requirements Individual Type-Written Report Maximum word
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Non-exporting modes of entry h Three main non-exporting modes of entry non- • Licensing (including franchising) • Strategic Alliances • Wholly owned manufacturing subsidiaries Three modes of entry Host Country Home country LICENSING Blueprint : “how to do it” Ho st WHOLLY-OWNED SUBSIDIARY A replica of home Host County Co un try STRATEGIC ALLIANCE (J.V.) A “joint effort” 1 The Impact of Entry Barriers h The non-exporting modes of entry basically non- represent
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To what Extend Does Toyota achieve CSR CSR allows a firm to have a positive impact on society by efficiently managing their business procedures. It means firms have to be socially responsible and not only care about profitability. This type of action can give the brand and the firm a good image and reputation and can lead to potential built up of brand loyal customers‚ as they will fell more comfortable to buy the product knowing it will also lead to a positive impact. In order to be known as a
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imposed by present members of a society‚ and passed on to succeeding generations. Culture is basically the way of life of a people: what they eat‚ the music they listen‚ how they dress‚ their meal times‚ their language and art form‚ and so on. b. Give examples if operational conflicts that could occur in a cross- cultural context because of different attitudes towards:1) time‚ 2) change‚ 3) Individualism . Give a country or region that would be different from the US for each of the three variables
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LESSON/CHAPTER 1: Business and Society- Its Relationship Significance of Business in Social Context: -Business affects and is affected by the society in which it operates. -For managers to operate effectively‚ an understanding of business’ domestic macro-environment is essential. What exactly is business’ “domestic Macro environment”? -It is intuitive that business can affect and be affected by other businesses -But business can affect‚ also be affected by: –Government –Civil society Understanding
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