There are heightened cultural nuances that play greatly into the attitudes, preferences, and behaviors of international markets. In order for a company to be successful in international business, these are things that must be taken into consideration well before creating its first marketing campaign. Making use of available secondary research, and conducting primary research can help ensure that the introduction of its product is as well received as possible. References Central Intelligence Agency. (2012).
Unit 204 Interpersonal Skills for the Travel and Tourism It is important to understand that when working in the travel and tourism industry you must not only deal with other members of your Workplace Task B team but also with the public. The ability to interact and communicate effectively is vital not only to your success but to the success of the organisation. To achieve task B you must demonstrate how to communicate effectively with customers in a travel and tourism environment. You must be able to promote a positive self-image through personal appearance, body language and effective questioning and listening skills. In your role as a travel agent, use the internet and brochures to find a suitable holiday for each of the customers
Fewer companies are willing to enter the market because of the SOX requirements that make going public too costly. Plus, the maintenance required to stay public is too expensive for smaller companies, forcing companies to look elsewhere to raise capital. Rising costs persuade large numbers of companies to exit the public markets to sidestep SEC regulation, creates two problems. First, the overall economy could suffer because corporations limit investment projects due to the higher-cost sources of capital to fund potentially new operations. Second, financially stressed companies that go dark are the very companies’ shareholders need to monitor usually and where transparency is most important.
Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
“A manager’s responsibility should be to the shareholders alone.” Discuss this view (12 marks) Corporate social responsibility refers to a business choosing to go above its legal obligations relating to society and the environment; this can be done by including factors such as Fairtrade or good working conditions for employees. However, some people argue that managers should only consider shareholders when making decisions and thus avoid CSR. In recent years, CSR has becoming increasingly revered on a global scale and therefore it’s becoming much more significant. For a business such as Greggs to breakthrough in foreign countries they would need to maintain their brand image to maximise success and therefore they should consider their other stakeholders such as employees and suppliers. This could be approached by making sure that their retail outlets in other countries are attractive and have good working conditions for their workers.
Sultan Molla MGMT-325 Thursday, December 15, 2011 Incentives Incentives are a major factor to consider when you are responsible for a business. Incentives can greatly affect an organization in many ways, and the type of organization determines what incentives are most suitable. These incentives are not standardized; they depend greatly on the region and location. For example each region has laws and benefits for businesses, so what might work for one company might not necessarily work for the other. These organizations make decisions based on the location that offers the best incentives for the business the organization engages in.
Explain the role of an event organiser Organising It is very important that you pick the right venue, as it’s central to any sort of business event as it affects the atmosphere. Choosing the right venue can make a big difference between and event being successful or not. The location of a venue will definitely effect whether the event will be a huge success or not. The target market should influence the location; in this case the event is for an enterprise launch day, so you would be looking for local participants, the event’s organiser would then need to think of the best location in the local area. The size of the location will have a massive impact on the event, a large location will be able to take in more people and it may even have a bigger range of facilities.
As many companies who are international have had to do, Levi Strauss will need to find a method that all of their companies can agree with and keep it going while being ethical. This will help the company to prevent any, and in some cases all controversy. Conclusion With many companies in the international market, it is as important as ever to remain as ethically sound as possible. With the goal of increased earnings comes additional responsibility to accommodate all countries and their ethics. By modifying how the company does business outside of the United States, Levi Strauss and Company should be able to accommodate social factors as well as moral factor which will allow the company to be successful for years to come.
This will allow different parts of the world to enjoy merchandise that is specific to one country. Throughout the past it has been proven that by introducing industries’ and the use of globalization has strengthened a country’s economy. I am a pro economic globalization because I feel that we need to change the way of the past if nothing seems raise the economic standards. Hopefully we will be able to realize that economic globalization is working so we can help countries quickly and efficiently. Economic globalization has attracted much debate throughout society today.
When there is law people must probably obey by it and will help citizen be more in control. Law help place the right justices were and when it is needed in a community. Starting or running a business is not easy at all. There are so many laws that need to be in consideration before starting any type of company. It is very important that for a company to succeed every area of the business must be covered.