This research is aimed at providing a report on issues of international business. In particular this research is being carried out to evaluate and present challenges of international business; international institutions and ethics in international business. …
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It is evident from the study that the success of multinational firms in the global market is influenced by a series of factors; the ability of these firms to adopt foreign practices, which have been proved effective in the context of the host country, is often limited. However, in order for MNEs to secure their position internationally, it is necessary to develop flexible plans, which would be easily alternated, if necessary. In accordance with Rugman and Collinson, three different integration strategies, as related to organization structure, are available to MNEs in the context of the modern market: the backward integration, meaning the acquisition ‘of equity assets used earlier in the production process’, the forward integration through which the company ‘comes closer to its customers’, as for instance in the case that a firm which is well known in the television industry acquires a series of well known retail stores, aiming to use these stores for promoting its products. Also, there is the horizontal integration, i.e. the acquisition of a competitor; the above form of integration aims to increase the firm’s market share so that its profits are improved. All these forms of integration can result to critical changes on the organizational structure, at the level that after promoting one of these forms of integration a firm needs to align its structure accordingly so that the activities of the acquired firm are effectively monitored and supported. From another point of view, Aliber (1993) notes that the challenges of the global market are many; even MNEs that are well established in the international market face difficulties in competing their rivals. At this point, coalitions have been proved to be quite a valuable strategy for responding to the demands of the global market (Aliber 1993). Establishing teams with other firms allows MNEs to secure their position internationally controlling the risks related to their activities in host countries that are quite far from the home country (Aliber 1993). On the other hand, the design that a firm chooses when operating globally is not standardized (Neelankavil and Rai 2009). In most cases, it seems that factors such as ‘the industry in which a firm operates or the size of the firm’ (Neelankavil and Rai 2009, p. 315
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(International Business Issues Essay Example | Topics and Well Written Essays - 2750 Words)
“International Business Issues Essay Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.org/business/1395781-international-business-issues.
CROSS CULTURAL ISSUES AFFECTING BMW COPORATION IN BRAZIL By (Your Name) Presented to (Instructor/Tutor) (Course/Subject) (Institution/University) (City, State) (Date) Introduction Bavarian Motors works (BMW) is a German automobile company founded in 1917, with its headquarters located in Munich.
Besides evaluating the external environment of the host country, organizations also need to evaluate and manage cross cultural issues also. 2. (Chen,Sun,& McQueen, 2010) Cross culture management is considered as everybody’s challenge and increasing globalization as well as movement of labor force from one place to another has made it possible that people from diverse cultures will work together.
Globalisation is usually used as an easy way of spreading the technologies, production, and communication across the globe. It also involves the flow of thoughts and technologies. Due to globalization, regions are coming closer to each other. Globalisation is not only modernization but it is the amplification of global social affairs which connect different locations in such a manner that local activities are bent by activities happening miles away.
In order to effectively present the issue to the higher management, it is important to consider if the decision-making process and actions are in accordance or aligned with the organizations’ corporate code of conduct (Schear, 2010, p. 42). It is a fact that making ethical decisions are difficult because “every major decision has a consequence that potentially harm or benefit these constituents (Hall, 2008, p.
The company expanded it operation internationally by purchasing an interest in a US factory and began exporting supplies, marking its interest in the global market. From this point, it expanded rapidly to the current situation where it operates in almost all countries in the world.
For these countries, eight of which had previously been under communist rule, a new dawn was breaking with the promises of trustworthy governments, stable economies, and above all, hope for a brighter future.
Membership in the European Union brought change, and all of it good.
The Internet, especially a Web site such as Facebook, while connecting Keith to his friends who have returned to their own countries, also presents a public image that might not reflect the true identity of an individual. Unfortunately for Keith, by posting party photos on his Facebook site, he appears to be a heavy drinker while actually he doesn't drink at all.
It must closely watch the moves made by external constituencies including foreign governments, political and religious groups. A host of other issues relating to employee compensation, health safety, welfare etc, need to be monitored carefully. Employees on international assignments represent valuable assets and hence need to the managed systematically and strategically so that they can easily adapt survive and flourish in diverse culture and environments.
nt day context, globalization has been identified to influence an economy and business field owing to which cultural issues should be included in the business operations. After the globalization or internationalization in business, the world has been interconnected.
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