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A group of traders was found to be changing the price of the foreign currency by a considerable amount in the least regulated markets of the country. This activity created a disaster in the market by raising the value of the local currency in the global market. The other suspicious matter that was observed during the course was that the major global banks were being benefited in their investment schemes. The Attorney General of the United States, Eric H. Holder Jr. ordered for a strict investigation regarding the matter in order to find out the best possible strategy to resolve the problems that have arrived due to the trading of the currency. The team that was assigned for the investigation of the case focused on the records of the currency trading and the reaction of the market concerning the increase in the currency rate (Protess et al., 2013).
The currency rate is a vital determinant of the international business. The value of the currency in the international business can be enumerated by the facts that the international currency reduces the transaction costs and assists in overcoming the barriers of the international business. In the context of the aforesaid event, it has been found that the major banks were involved in the violation of the currency in the US market. This led to a rise in the currency value and affected the international business strategy of the country.
The article reveals that the US Dollar has gone through a decline as a consequence of the drop in the growth of the industrial sector and manufacturing process of the country. The demand for the US Dollar in the international market and the lack of gains in the stock prices led the national economy to a downfall and at times this kind of situation leads to financial crisis. It has been ascertained that the Japanese currency Yen was heading forward in the global market and transcending the US Dollar to a great fall in the value. As per the
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589). China has a unique culture which has implications on the operations of international businesses. Because of the differences among nations, it is imperative that foreign companies which operate in China must apply the most effective management strategies in order to achieve success in the Chinese market.
This paper in particular, will evaluate the business strategies Vodafone implements in its international business operation specifically in India and Australia. It will also discuss the company’s global business environment and key management issues in current business settings.
However, it also was an observation that only a few countries have benefited from this neo-liberal policy. In addition, in the globalized world, it is ‘the survival of the fittest’. International Business At the turn of the 20th century, new approaches to the world occurred.
Burger King has established itself in fast-food-industry as one of the leading businesses of its time (Daniels, 2011). The reason why the two business partners are successful is because at one time they got the experience of how to run restaurants earlier.
Avon is currently operating worldwide and having sales operations in more than 66 countries and regions and distributions in further 44 countries. Avon is currently generating profits more from its global operations than local one. Avon's market campaigns always promoted itself as a company that cares about women and their beauty needs.
The area of the study of international business includes the economic policies, political systems, labor standards, environmental standards, corporate cultures, foreign exchange markets etc. This project tries to explore the above factors in the two countries, Singapore and Hong Kong for conducting international businesses.
The ability of their labor force to work for less salaries and wages, as well as work in poor conditions is in contrast to traditional economic powers like the USA. Between 2000 and 2007, the global economy grew by a rate of 3.2% overall, before dipping between 2001-2002 due in large part to the “dot com crash”.
12 Study of the International business environment 14 About the organization 15 Designing international strategies for Qatar Petroleum 16 Conclusion 18 Reference 19 Introduction The world of the 21st century is evolving every day. The evolution paves the road for continuous change and rapid development.
Increasingly, rapid technology lifecycles has increased competition among countries as to who can produce the best in the market hence the need to employ competitive marketing and business strategies (Dole, 2003)
This paper will deal with Dell Inc. as a computer hardware and software company.