Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Global Marketplaces and Business Centers - Research Paper Example

Comments (0) Cite this document
Name: Instructor: Course: Date: Global Marketplaces and Business Centres A global marketplace may be defined as a worldwide system of trade that has been growing since the 1970s. In such as system, goods are usually produced in any place that the production costs are lowest, and they are ultimately sold to achieve maximum profit…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.7% of users find it useful
Global Marketplaces and Business Centers
Read TextPreview

Extract of sample "Global Marketplaces and Business Centers"

Download file to see previous pages With advances in information technology, there have been lower costs to communicate and interact across national and international boundaries. This has seen many businesses facing the potential to expand and increase their markets into other foreign countries. With information technology, it has been possible to transfer resources, materials, and capital to wherever they are likely to yield the highest profits (Buono 29). The term ‘business center’ has a number of meanings. A business centre may be defined as a popular place in which many businesses are able to rent rooms for events, meetings or offices. A business centre is also part of a town, city, country, or region where the main business activities and premises such as banks, shopping malls, factories, or offices are located. In business centers, there are usually a lot of financial and business activities. Business centres usually represent places where business professionals, large companies, and other small business are able to operate from. These centres usually provide businesses with conference rooms, space to operate, office equipment, telecommunication services, support staff, and other amenities necessary for businesses to be conducted smoothly. The two terms are sometimes used to refer to places, regions, or countries that are well known business destinations (Porter 56). Global marketplaces and business centres can be assessed by looking at how the world’s GDP is shared. According to statistics appearing in the 2006 World Bank Development Report (292-300), the United States has 29% of the world’s GDP, the European Union 31%, Japan 11%, Canada 2%, and the rest of the world 27% as of 2004. The global marketplaces of North America include United States, the Caribbean countries, Central American countries, Greenland and Mexico. All these countries have a population of over 507 million people who produce close to 33% of the world’s total output. The US had the largest economy of $ 40.9 trillion GDP in 2004. Another global marketplace worth mentioning is Canada. It population is about 32 million, and it is a major exporter since its exports account for close to its GDP of 37% realized in 2004 which amounted to $ 980 billion (Rosenblooum 78). Western Europe consists of nations which are among the most successful, and attract the highest number of businesses and business ventures. The Western European countries have wealthy people who can buy many products from other marketplaces. Western European countries that make up global market places are divided into members of the European Union. It also consists of other countries that belong to the region. Some of these countries that are global marketplaces within Western Europe include Germany, France, the United Kingdom, and other like Norway, Iceland, and Switzerland (Hofstede 77). Eastern and Central Europe also have many countries that are considered global marketplaces and business centres. The countries that make up global marketplaces in Central Europe include Romania, Poland, Hungary, Slovak Republic, Czech Republic, Bulgaria, Austria, Albania, Montenegro, Serbia, Slovenia, Macedonia, Croatia, and Bosnia. The countries in Eastern Europe that are known to be global marketplaces are the 15 countries that were formed as a result of the Soviet Union’s disintegration. These regions have undergone numerous economic, political, and social changes during the past decade to be where they are today. Most of the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Global Marketplaces and Business Centers Research Paper”, n.d.)
Global Marketplaces and Business Centers Research Paper. Retrieved from
(Global Marketplaces and Business Centers Research Paper)
Global Marketplaces and Business Centers Research Paper.
“Global Marketplaces and Business Centers Research Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Global Marketplaces and Business Centers

Internal and External Environmental Analysis for the Bakery Business

Liberalization of foreign investment and technology policy of the government is supportive of establishing industrial units in the country.

Threat: The UK food regulatory authority is planning to enforce the EC Regulations relating to food labeling. The labeling requirements under the new regulations will affect the food industry as the suppliers will be legally obliged to disclose the GM content of foods to the caterers. Thus business firms in the bakery industry also will be effected through the exclusion of flexible manner of labeling arrangements in the case of flour confectionery involving GM Soya or maize. (Genetically modified and novel foods (labeling) (England) regulations, 2000).

Trend: The new subs...
6 Pages(1500 words)Case Study

Evandale's Business Plan

Evandale’s mission would have a strong impact on the company’s later brand development.
When a company determines its mission and its vision, it needed to determine its objectives to accomplish that vision. I did not see the objectives—where the company was heading through in the presentation. A clear objective would have enabled me, as an audience to also picture where the company would want to go and would serve as the benchmark for me to assess the later strategic choices the company would state in the presentation.
According to the slides, the potential demand for caviar and the sturgeon products are “100x” bigger than the current supply. I would have wanted to see a reliable source for...
7 Pages(1750 words)Case Study

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages(1500 words)Coursework

Business Etquette for Business Communications Course

Who wants to give a guess? How about you (pointing at someone in the audience), yes, what is your name? Adam? What do you think, Adam – Money, Machines, Management, and Manpower? Why do you think so? And how about you, ma’am (someone else in the audience) – do you agree with him?

I think we are all in agreement: you could have Money, Machines and Management, but without Manpower, you cannot have a business. And unless you have good Manpower working well together, you cannot have a successful business.

Do people work well together naturally? Those of you who are familiar with office politics will say, “Of course not!” You are right: left to themselves, few people work well toget...
7 Pages(1750 words)Speech or Presentation

Business Information Systems

..., they will have the authority to adjust rapidly as well as charge productively to altering company, marketplace as well as business necessities by way of ERP resolution that comprise (Yusufa, Gunasekaranb, & Abthorpe, 2004): ERP Financials ERP Operations ERP Human Capital Management ERP Corporate Services Supply Chain Management Supply chain management is integration of supplier, distributer, and customer logistics requirements into one interconnected course of action (Laudon & Laudon, 1999, p. 55) and (Murray, 2009). The inspiration of attaining privileged client pleasure as well as enhancing working performance of Club IT in the contemporary digital financial system in the course of an incorporated, internet enabled supply chain clears...
8 Pages(2000 words)Case Study

Business Administration

...Master Business Administration – Pre Admission Essay Please describe your main interests and leisure activities, and any other experiences or involvement that has significantly influenced your career or personal development. 100 Words I was born in India where Cricket is played across the country. I received my inspiration and motivation to play this game after India won the 1983 World Cup Championship. I have played this game representing my school and college in various tournaments. During my leisure time I watch the television. The channels that I generally watch are the sports, movies, and entertainment ones. I also have an interest in the technological gadgets. During my childhood, computers were the only gadgets which influenced me...
6 Pages(1500 words)Essay

Business Plan Real Estate Agency

re representing our company as their business consultants and our responsibilities are limited to the knowledge of the client’s business and information provided by the client.
The company Of-Fit has been operating as office supplies and equipment supplier since 1998. Their corporate office is in Aberdeen and it has excellent industry relations. The company is a sole proprietorship and its owner is Mr. Andrew Schwatz who has been working in the industry for more than 20 years. The company current staff is 8 and its revenues are £115,690 and £156,178 in 2008. The company aims to expand its operations in other business areas and regions of the UK.
The detailed business plan developed for this report incor...
12 Pages(3000 words)Business Plan

Business Sustainability and Society: Coca-Cola Company

... that business ethics has now become a component limited to theoretical policies and frameworks of business organizations, and such principles and ideologies although enable an organization to acquire income in a fair manner, however, it is now fading gradually from the business sectors. Brief analysis (Chadwick & Schroeder, pp. 11-18, 2002) has indicated that a set of ethical principles exist in almost every business organization globally; however, executives are not ensuring its implementation on ground reality level. For such reason, a number of researchers (Crane, pp. 43-48, 2007) are putting efforts to analyze different practices of business organizations in light of ethical theories and frameworks that has become a major concern...
10 Pages(2500 words)Case Study

International Business: World Economic Forum and Davos 2010

...Introduction Globalization, one of the most hotly debated issues means global capitalism to some while others consider it to be the continuation of modernism with the forces of wealth, progress, democracy and happiness at play (Kellner, 2002). Globalization is considered to be beneficial which promotes economic prosperity, cultural diversity and technological advancement. According to the critical social theory, technology and capital work together to create a new globalized and interconnected world. While each force of globalization is important, technological revolution has impacted the business models, value creation and differentiation (Spelman, 2010). The cloud computing technologies that have made the popular social networking...
7 Pages(1750 words)Coursework

Global Employee Information and Consultation: Replicating the European Model

... of employees in global issues affecting transnational companies. There is in fact a need to solidify the participation rights of employees in a global level because that would enable them to achieve an international voice during collective bargaining or consultations. This movement is needed since there is little employee involvement in issues affecting transnational corporations. For instance, they are not consulted on matters such as the effects of introduction of new technologies, global developments, product diversification, and worldwide expansion of business. It must be noted that because of the transnational character of these corporations, their freedom of action is unhampered by the jurisdictional authority of the nation-states...
9 Pages(2250 words)Coursework
sponsored ads
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.

Let us find you another Research Paper on topic Global Marketplaces and Business Centers for FREE!

Contact Us