Cross-Cultural Perspectives Mary Wilson ETH/316 March 23, 2015 Instructor Tiffanie Culpepper Introduction Globalization encourages interdependence which permits an economy to prosper by selling it merchandise to an unlimited market in other counties and can operate a business in more than one country. Globalization also benefits the parent company to buy goods and services from other countries that are successful. The parent company may be here in the United States and have affiliates or subsidiaries in the other countries. The goal is to establish a global business strategy to target developing countries that will generate the most growth and potential for profit. A company which puts to use a successful multinational
This increased openess allows countries to specialise in producing goods which they have a comparitve advantage in (this means they can produce goods at lower unit costs) A multinational Company is a corporation that has its facilities and other assets in at least one country other than its home country. There are many examples of MNC's such as Nike or Primark. MNC's play a massive part in the development of globalisation as they often invest heavily into the country they move into. They will build good quality factories to produce the goods and also introduce effective manufacturing methods. These manufacturing methods can be replicated by other businesses in the countries and improve their ability to manufacture goods.
INTERNATIONAL BUSINESS AND MANAGEMENT 1st Case Study Why is Danfoss Trata an example of the transnational type of company? Please argument and provide some examples of where this is visible. A transnational company is an entity/corporation that is able to do business (provides the exchange of services and/or products) among lots of different countries and is also capable to manage its various business operations from different locations around the world in order to satisfy the necessities and objectives of consumers and/or other corporations. Analyzing the case study we can refer Danfoss Trata is definitely a multinational and transnational company that is operating worldwide. Thus Danfoss Trata not only has business interests in other countries, in a global basis, but also has a set of departments and activities (related to sales, production, leading, managing, distribution and so on) in different locations around the world to simply achieve efficiency and to obtain the maximum of global profit.
The United States market is filled with many businesses that offer related products. Globalizing brings a lead to organizations because it gives the companies opportunities to cultivate and add to success of the
Trade Most goods we buy have a label on them. This ‘made in’ label tells us where the items have been produced and therefore from where they were imported from. The exchange of goods and services between nations is trade. International trade is based on a country specializing in producing a surplus of gods it can produce most efficiently in order to gain a competitive advantage. Trade allows for: businesses to grow and create more jobs, a wider choice of goods and services often at cheaper prices, economic growth and the strengthening of strategic and political ties between nations.
In January 1994, Canada, the United States and Mexico launched the North American Free Trade Agreement (NAFTA) and formed the world's largest free trade region. Canada’s goal for signing the agreement was simple: the agreement was to pave a road for Canada that expanded its trading field while providing a larger stage on which to demonstrate its economic expertise and leadership. The point in focus now is whether or not Canada has benefited from this agreement. Under NAFTA many sectors of the economy have been affected. These mainly include the agricultural, manufacturing and telecommunication sectors of the Canadian economy.
Outward-orientated (Export-led) – An outward-oriented growth strategy, based on openness and increased international trade. Growth is achieved by concentrating on increasing exports and export revenue, as a leading factor in the aggregate demand of the country. Non-governmental organizations (NGOs) – They plan and implement specifically targeted projects in developing counties and they act as lobbyists to try to influence public policy in areas such as poverty reduction, workers’ rights, human rights and the environment. MNCs (Multinational corporations) – A corporation that has its facilities and other assets in at least one country other than its home country. Such companies have offices and/or factories in different countries and usually have a centralized head office where they co-ordinate global management.
They could freely trade to an amble amount of places that would help boost and stimulate their economy as a thriving civilization. Fast-forward to modern day America and there are trade routes stretching all across the globe, due to modern day technology unimaginable to Rome at the time. Trading is a big part of successful empires, which explains why America and Rome are economically similar, both have one of the best trading systems during their time, wheatear it is a technologically advanced system, or one that required controlling a mass body of water. Economy plays a big role in the characterization of these two empires, but the society and government also have a great impact on the development of a civilization. The society of a certain civilization can tell a lot about how it is run or how the people live.
The global economy is an effect of imperialism. America does business with countries all over the world. Technology is so advanced in today’s society. Global business is easy to conduct due to the high advances of technology. There are international societies and groups that help regulate international affairs.
Midterm Exam Question 1 Define ‘international marketing’. The marketer’s task is the same whether applied in Buffalo, New York or Harare, Zimbabwe. Discuss. International marketing is the performance of business activities designed to plan, price, promote, and direct the flow of a company’s goods and services to consumers or users in more than one nation for a profit. The statement “The marketer’s task is the same whether applied in Buffalo, New York or Harare, Zimbabwe, “is because the marketing concepts, processes, and principles are universally applicable.