We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

International Dimension for Business - Essay Example

Comments (0) Cite this document
Summary
Twenty first century is referred to as the age of competition, exertion and chase for the position. With the opening up of world economy, nearly all the business entities big or small, old or new are getting inspired in taking their business to the international level (Aswathappa, 2010, p.6). …
Download full paperFile format: .doc, available for editing
Polish This Essay94% of users find it useful
International Dimension for Business
Read TextPreview

Extract of sample
"International Dimension for Business"

Download file to see previous pages With the opening up of world economy, nearly all the business entities big or small, old or new are getting inspired in taking their business to the international level (Aswathappa, 2010, p.6). Companies are getting determined in their decision to operate across the globe. The shifting of organisations from a domestic viewpoint to a level of internationalization gives rise to a number of challenges for the firm (Turner & Johnson, 2009, p.2). The challenges may be in the form of setting up of infrastructure in the foreign market, purchasing the materials from overseas suppliers and the biggest challenge is to sell it to the foreign customers. One of the biggest trends of the recent times has been the lowering of international trade barriers. Different organisations such as World Trade Organisation, GATT and IMF are constantly working towards the intensification of globalised trade. In the recent past globalisation has been a catchphrase for the business organisations. Globalisation is a global phenomenon which can be defined as the movement of goods, services, resources, funds and labour around the world in a harmonized and synchronized way. In this process a global relation among the countries gets developed and ensures efficacy in using the scares resources of the world (Milward, 2003, p.10-16). The present study deals with the international dimension of business or in other words the other avenue to conduct business apart from the local listings. The study will reveal the international market entry strategies such as foreign direct investment, franchising, licensing and exporting. The study will also try to analyse the foreign market entry strategy of Volkswagen. The reason for choosing this organisation for conducting the study is because it is amongst prime multinational companies. A multinational company is described as the company which operates in its home country as well as in foreign market. The factors which contributed towards choosing this company are its rich history, brand image and also considering the fact that it is the biggest car manufacturing & marketing company of the world. Company History The history of the company dates back to 1937, when the company was known as ‘Gesellschaft zur Vorbereitung des Deutschen Volkswagens mbH’. In the next year the company is renamed to ‘Volkswagenwerk GmbH’. The construction of the plant for manufacturing cars started on 1938 at Wolfsburg, Germany. During the period of 2nd world war the production of the company switched to weapons and arms. At around 20000 forced labours, prisoners were working at the plant. After the end of World War II the responsibility of Volkswagenwerk was placed on to the hands of British military government. During that era mass production of volkswagon beetle was started. During the 1950s the product line of the company was increased. In the meantime the production of Volkswagon bus was initialized. The bus is still popular even in this century for its multi-functionality and is popularly known as VB bully. As the wheels rolls on the company slowly touched the milestone of producing one million Volkswagon beetle cars. The employees and dealers from the country and overseas celebrated this memorable day in a special comportment. In 1972 the company has broken the all time record of car production with the figure touching mammoth 15,007,034 units. The company slowly moved towards the production of new age cars during 1973 with its model ‘passat’. With that initiation the company moved towards the production of varieties new age cars. That was the time when Golf was built inside the industrial units of the company. The ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International Dimension for Business Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Retrieved from https://studentshare.org/business/1398279-international-dimensions-for-business
(International Dimension for Business Essay Example | Topics and Well Written Essays - 3000 Words)
https://studentshare.org/business/1398279-international-dimensions-for-business.
“International Dimension for Business Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/business/1398279-international-dimensions-for-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International Dimension of Business

According to the research findings, when the company built a plant in the Philippines, it used the opportunity to train managers, which it would later send them to the US upon opening the Greenfield site. Acquisition of the Italian plant was a further achievement in FDI as it helped the company build three very important windows of opportunities and extra opportunities of expansion

12 Pages(3000 words)Essay
International Business
A lot of companies in the United States outsource to India functions such as customer service. The use of outsourcing benefits US companies because it lowers their operating costs. A more extreme form of outsourcing is referred to as off-shoring. Off-shoring occurs when companies send most or all of their manufacturing work to foreign locations.
3 Pages(750 words)Essay
Diversity Dimension
Diversity Dimension Name Course Instructor Institution Date Abstract In order to achieve equality in employment, organizations have to take in to account both affirmative action and anti discrimination legislation as well as other approaches to managing diversity dimension.
8 Pages(2000 words)Essay
Export / Import Research Paper
Hofstede has identified five dimensions of culture which will affect the culture of the society as well as the values ingrained in the members of the society (Hofstede, 2001). The various dimensions of business culture with respect to Spain can be explained as follows; A.
6 Pages(1500 words)Essay
International Business
Pepsi-Co was formed in 1965 with the merger of Pepsi-Cola Company and Frito-Lay, Inc. Pepsi Co has expanded itself in the broader segment like snacks, foods and beverage items. Pepsi-Co established itself as a global organization gradually. From November 2007, it announced changes in its organization structure and in 2008, it implemented those changes.
10 Pages(2500 words)Essay
International Business
Exploring new regions for investing and building a business setup has given the modern business scenario a plunge to develop. Hong Kong in recent scenario has been ranked as the ‘World’s Freest Economy’. It essentially represents a business hub within Asia, which provides the foreign investors proximity to rich culture, social customs and international business environment and diversified languages.
12 Pages(3000 words)Essay
International Business
This means that companies to remain competitive will have to continuously examine the way they do business in countries other than their own and must be prepared to react swiftly to changing global trends. Understanding business environment of various countries is becoming increasingly important with globalisation.
7 Pages(1750 words)Essay
International business
Therefore, this kind of business needs to be expanded by opening new branches. To choose the location of new branches, many aspects should be considered, such as finding best location geographically and thorough
3 Pages(750 words)Essay
International Business
logical development and high level penetration of communications technology has played a major role in bringing a positive change in the development of the society in the modern times. The technological penetration in various markets around the world has transformed the world in
18 Pages(4500 words)Essay
International business
However, it worth mentioning that some small cities like Singapore by choosing good strategy in global business managed to develop their economies to the level that turned them into significant actors on global arena. In other
8 Pages(2000 words)Essay
Let us find you another Essay on topic International Dimension for Business for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us