Nobody downloaded yet

Internatoinal business mangement 3 - Assignment Example

Comments (0) Cite this document
In such a situation, it is always very vital to consider both the challenges and the benefits, which come along with the international expansion. When considering…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.2% of users find it useful
Internatoinal business mangement 3
Read TextPreview

Extract of sample "Internatoinal business mangement 3"

Download file to see previous pages Hence, a prudent thing to do is to expand the market internationally in the effort to increase profitability and survival at the same time (Hill, 2012).
Expanding internationally has many benefits, which increase chances of survival. An organization is able to boost its reputation and boost the staff morale. In addition, the existing products are introduced to new markets, especially if they have become less popular in the domestic markets. The firm’s overreliance on the domestic markets reduces and the risks, though hard to do away with can be spread. The great sales volume as well translate into higher profits
However, in establishing a business internationally, it requires coordinated effort as well as sustained management effort. This practically implies management talent. This is easily attained by just setting up an economic model. Such a model is meant for solving problems as it offers a structured solution to the dilemma under review.
Global industries are those industries whose firms must compete in all world markets. These industries have the characteristic of gaining economies of scale across markets. These companies pursue a global strategy whereby they compete in all markets and they provide the same product for each market. They identify customer needs and wants in the international borders. Global industries are also characterized by high development and recurrent costs, thus requiring more than one market to recover the costs.
The following firms are categorized in the global firms’ category as they have those features. Movie making, bulk chemicals, pharmaceuticals, branded food products, television manufacturing, personal computers and airline travel (Hill, 2012).
Multidomestic industries on the other hand, are those industries with a strategy of producing products and services, which are commonly tailored to individual countries. Innovation comes locally and managers decentralize decision-making as well as encourage local sourcing. They ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Internatoinal business mangement 3 Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Internatoinal business mangement 3 Assignment Example | Topics and Well Written Essays - 750 words. Retrieved from
(Internatoinal Business Mangement 3 Assignment Example | Topics and Well Written Essays - 750 Words)
Internatoinal Business Mangement 3 Assignment Example | Topics and Well Written Essays - 750 Words.
“Internatoinal Business Mangement 3 Assignment Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Internatoinal business mangement 3

Internatoinal trade

.... Distinguish between tariff and quota and discuss why tariff are preferable to quotas (i.e. quantitative restrictions) as a method of controlling imports Differences between tariffs and quota In various economies, there are many ways through which the government can protect the domestic competing industries. That is, through a quota or a tariff. One of the main areas where these policies differ is on the magnitude of protection of each. Quotas provide more protection to the domestic industries due to the fact that they limit the quantities of particular product which is allowed to enter into the country (Suranovic, not dated: par 3). On the other hand, tariffs protect the domestic industries by just raising the level of...
8 Pages(2000 words)Essay


...and change movement – Leaders must be able to adapt to changes in the organization. An effective leader easily adapts to changes required to attain the goal.He also must be able to blend different leadership styles depending on the situation in order to guide his followers through the change process. 3. Drive for results – Leaders must take the ownership and be personally responsible for success and failures. He must be passionate to achieve goals and must encourage his followers to do the same. 4. Team leadership competency – An efficient leader should act as a guide and mentor and direct the team in order to attain desired objectives. He should be keen to take responsibilities to meet targets and also take active part...
3 Pages(750 words)Essay

Marketing Mangement 3

...The most effective market segmentation variables for the firm to segment its products are: Low-Income Group: These people will adopt the product as aneed. As their income is low they will be willing to see how to feed their families at a low cost. This book may be effectively targeted to them by publishing a low price edition for these types of customers. This will help the firm to maximize its revenue by selling their products to the group which wants to buy the product. This segment can be effective reached through mass advertising as these people don't usually have time to read books nor the income the income to buy expensive magazines. Habitual: This book can be sold to people who like reading about their hobbies... most effective...
2 Pages(500 words)Essay

Essentials Mangement

...Essentials Management Introduction Management functions, theories and principles are undergoing drastic changes in the current world because of the changing concepts of business under globalization and liberalization. Traditional management theories have given way for new strategies and business concepts. Change is visible in every segment of the business and management at present. For example, as per the traditional belief marketing professionals have undertaken all sorts of tactics in order to get the business. But as per the current methods relationship building is accepted as the core of every business function and even the marketing people may not do anything which will destroy the relationship building process. “Without... ...
7 Pages(1750 words)Essay


...Management Article – Implications for Managers This article discusses the significance of personality within the domains of a manager and how the same plays an essential role at instilling a sense of confidence in not only his own demeanor but also the people who look up to him and thus devise ways and means to perform their respective work tasks. The article has touched upon how personality has been at the fore of a number of decisions that take place within an organization on a consistent basis. The optimum personality can be derived through gaining an understanding related with the kinds of jobs that the managers need to undertake. This demonstrates their willingness to work towards their very best the situational factors... Article –...
1 Pages(250 words)Assignment

Crisis Mangement

...otherwise and make them teach the ones who would actually replace them. The damage has been done. Lesson learned: never underestimate the outcome of a heartless decision. It is viewed that the storm created was the price that Hyatt had to pay. As a business consultant, giving consideration that the merciless act had already been made and there is no way to stop it anymore, what the company should do is to admit its fault. Amidst controversy which could significantly have an effect on the business, it would not be wise to remain self-righteous. It is vital that Hyatt lets the public know that they are sorry for such act along with the offer which was made and was rejected. The organization must also...
3 Pages(750 words)Essay

Stratigy mangement

...the work of people and groups of people as well as sets the definite relations between employees. Informal structures in the company also come out from the principles, views and inspiration of people interrelating in the formal structure. Both formal and informal structures are supporting in that they maintain the ability of people and groups of people to make decisions. Structures influence the authority of employees and support their interests. It goes without saying that an organization that engages in a particular strategic way of doing business must adopt effective ways of human resource management (Jackson & Schuler, 1988). In theory, the greater the success of joining management practices and with human...
10 Pages(2500 words)Essay

Unit 3 Case Mangement Seminar

...Case Management Seminar Sur Culture and the relationship between managers and s are essential aspects to be considered in a business environment. The culture of a business is determined by the type of business and market competition. Good business cultures enable a good relation with customers thus promotes a suitable environment for making a profitable business. It is important to understand the nature of ones customers. This will enable him or her to operate in an appropriate manner when dealing with the customers. Managers are required to adapt to verbal etiquette. This is because most customers require business operators to have the...
1 Pages(250 words)Research Paper

Internatoinal business mangement demand for differentiated products and services can help a country to overcome several economic challenges, such as inflation, recession and depressions as the democratic political system motivates the business enterprises to produce goods and services according to the existing market demand. Therefore, limited threat of oversupply can help a country to gain effective GDP growth rate. On the other hand, purchasing power of people used to grow under this democratic political system. Question 3 Negative and slow economic growth rate can be considered as one of the major consequences of a country. High level of corruption in a country can affect entire economic growth of a country. First of all, it...
3 Pages(750 words)Essay


...the end of three years. After the business is proved to be successful in other cities, the business may sell its shares to provide an exit strategy for the original founders and investors. Mission TESCO Security will eliminate worries for customers who needs security guards for their facilities, buildings, and events by offering excellent customer services for customers and comprehensive training for their staff Objectives Employ 30 full-time and 10 part-time equivalent guards by the end of the year two of operation Earn $3 million in returns with net profit of over $400000 in its third year of doing business Offer security guards to 20 buildings on full-time by the end...
12 Pages(3000 words)Assignment
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 Assignment on topic Internatoinal business mangement 3 for FREE!

Contact Us