Current Business Research Project Paper RES/341 June 26, 2012 Dr. John Olmstead Current Business Research Project Paper In the past, business only stayed within one’s country. Because of the advancement in technologies, there are an increase number of businesses, which sell and buy products and service from oversea companies. This paper will define the purpose of the research read in “Qualitative Methods in International Sales Research: Cross-Cultural Considerations”. It will also investigate the business problem, identify the data collection method, and conclude the results of the research. Define Research Purpose The international sales research is important to the marketing and sales team that works in companies that sell products and services to overseas countries.
Influences on operations management have multiple effects on businesses. An understanding of external influences can help a business be able to manage and respond to them efficiently by implementing various strategies which can make a business successful. Influences on operations management include Globalisation, quality expectations, cost-based competition, technology, government policies, legal regulations and environmental sustainability. Globalisation refers to the removal of trade barriers between nations, and is defined as the integration and interdependence of national economies forming a global economy. Apple recognised early advantages of globalisation and implemented various strategies to expand internationally which results in wide range of their stores all over the world now.
Would it make a difference if a firm relied heavily on traditional business channels versus just e-commerce? BUSN 427 Week 5 DQ 2 From the perspective of a domestic firm, what are the advantages and disadvantages of licensing the rights to the company’s production process and trademark to a firm in a foreign country? What are some of the ways that a firm can reduce the risk of losing its proprietary know-how to foreign companies through licensing agreements? BUSN 427 Week 5 Assignment BUSN 427 Week 5 Assignment (Chapter 11 Case Analysis Proctor and Gamble) 1050+ Words BUSN 427 Week 6 DQ 1 How might a company make strategic use of countertrade schemes as marketing weapons to generate export sales revenues? What are the risks associated with pursuing such a strategy?
At a United Nations Summit recently, global trade was hailed as the reason certain newly industrialized countries such as China has become so forthright and dominant in their advances both economic and social, the following report read, ‘In recent decades, a number of developing countries, most notably the East Asian newly industrializing countries, have been able to purposefully use the elemental force of trade to boost growth and development within a relatively short time span.’ (Puri 2005 cited in UNCTAD 2005 report p.22) But this boost in International Trade has not been without its complications and challenges. With increased competition and the laws behind international trade becoming stricter year by year countries who have only recently found a foothold in the world trading community, are struggling to compete with the more economically developed countries, and are finding their trade links cheapened or cut off completely by the wave of competitors, all trying to stay ahead in these economically turbulent times. This report aims to analyse key trade and development issues facing developing countries today, but also expose the opportunities these countries
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.
Just as physical products are open to innovation and change, so are new services. An example of this type of innovation is Frederick Smith who is the American entrepreneur responsible for the multi-million dollar international company, Federal Express. He created a new and better way of moving packages between people. New services, like physical products can also have positive movement due to branding. It is beneficial for entrepreneurs to think more along the lines of all product and service aspects instead of in silos and just thinking about producing “products” alone or “services.” That concept is imperative for entrepreneurs to understand as customer service can be added as an additional component as well to a physical product.
Although hedging has its supporters and detractors, as well as its advantages and disadvantages, it is a common practice in our global business world today. As is common in most transaction situations between companies, American companies who engage in transactions with international companies often make a sale or purchase on one certain date, but the actual funds transfer between the companies often takes place at a point in the future. During this time span, a change in the currency exchange rate causes the amount of the revenue or expenditure to be unknown for the American company. As an example, suppose ABC
Globalization is an inescapable phenomenon that affects us all on a global scale. Globalization 101 defines the term as a “process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology (Globalization 101).” Another definition provided in Week five video’s lecture is that of Noam Chomsky which states that “globalization in its neutral form is international integration (Chomsky).” In light of this definitions, we are asked this week to decide whether globalization is a deliberate ideological project of economic liberalization spearheaded by the powerful with agency, or simply a natural process that has created its own structure and influence? After reviewing this week’s reading materials, my initial inclination is that globalization is a process, and above all, the result of an evolutionary journey that integrates global pattern, trends, cultural norms that have transpired over time leading to the thriving dominant globalized nexus we now see today. Thus, by positioning globalization in a historical context, it becomes evident that globalization is not a recent trend but is a continuous attempt of integration, facilitated by international trade, the advancement of technology driven by the goal of economic prosperity for everyone. In my opinion, it is this evolutionary journey that precisely and inexorably makes globalization a seemingly natural process.
Firstly, maintain the speed of product development, especially in smart mobile devices. Secondly, improve the microprocessor compatibility among different types of computers and systems. Then, reduce the cost and expense, pay attention to a better financial statement. The last one is strengthen and expand brand awareness in international market. Make arduous efforts to attract attentions in the whole world since globalization is a key word in today's business strategy.
Should a multinational corporation operate as a tightly integrated, worldwide business system, or would it be more effective to let each national subsidiary operate autonomously? Nowadays, with the growth of foreign trade, multinational corporations are playing a very important role and representing a considerable proportion in global business (Helpman, 1984), the management strategies of multinational corporations are drawing wide attention. With the potential advantages of doing business internationally, MNCs are also facing some challenges, such as language barriers, cultural differences, political restrictions and so on. In the recent years much of research effort has been made on the topic of managing and innovating each national subsidiary. There are always two main perspectives – should all the subsidiaries being operated tightly follow an overall strategy or having more freedom to develop the business autonomously?