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History has shown that developing nations have substantially progressed with the essence of open market operations in international trade. It is not possible for a firm to gain competitive advantage and lead the market competition without the help of internationalization of business. However, it should be analyzed that without the help of strategic planning in business, it is not possible for firms to expand in the competitive international markets. Effective strategies, framed through strategic management principles, help a firm to progress in the long run. This project would consider ways in which the Indian (developing country) consumer goods firm of Godrej Consumer Products Limited (GCPL) would export or initiate its trade in the competitive market of Paris in France (European country) (Godrej, 2013). Research on the Assignment Topic The economy of France, unlike India, is highly developed. Almost all the business segments of the country have progressed (David, 1986). The majority of the business segments of the country are privatized, which reasons out the strong competition in the market of France between the companies. The per capita income level of the country has increased from $35900 to $36100 from 2010 to 2012 (CIA, 2013). The high and increasing level of per person income is responsible for the high standard of living in the country. The aggregate demand created by the domestic individuals in the nation, regarding consumer goods services, is high in France. This is because consumer care products are sort of comfort or luxury goods that have a positive income effect. With the rising income of the consumers, the demand for such goods would also increase. High demand in the market has increased the degree of competition of FMCG companies in France. The consumer goods firms already exhibit monopolistic competition with each other in the country. Thus, when the Indian company would formulate its export strategies, it has to clearly understand the business market of France. The Indian company should realize that the population of France is 61 million as recorded in 2012 (CIA, 2013). Thus, if it becomes successful in exporting its products in the affluent market of France, then it would enjoy a wide base of customers. Rather, the trade barriers in France are also few as the company’s public authorities impose less restrictions on trade. The government of the country always encourages higher degree of privatization and international trade to augment its level of social welfare. Approximately $577.7 billion worth of goods and services are imported in France (CIA, 2013). This proves that the government of the country is very lenient towards foreign investments. The country has a high international reputation. However, Godrej must realize that the first language of the country is French, so it must have trading employees who are well-versed in French. The rate of taxation imposed by the French government is approximately close to 20% (CIA, 2013). Thus, on the whole, it can be concluded that the French market is a highly competitive, rich and liberal market. The strategic decision adopted by the company, for exports in France, must consider the market conditions of the same explained above. Background Among all the sectors in an economy, the FMCG (Fast Moving Consumer Goods) sector is one
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the WTO’s role as a regulatory body for international trade has become even more critical, and due to the needs, its role has been extended beyond its primary role in negotiating and formulating trade agreements and providing solutions to international trade conflicts. The WTO has also other functions including reviewing the international trade policies, providing support to the developing nations to develop policies, assisting in training with respect to trade and bringing about international mutual cooperation with relation to trade. There are more than 153 under the WTO and more than 96% of the global trade is enabled, along with several non-full-time members that make take part i
The exhibitions are of interest to the citizens and providing carriers and employment (Effy, 2008). Emerging artists from Marston Tools motivated to other areas creating a displacement by newer venues but later, the company reopened some years later. This company have the ability to exhibit its products anywhere in world for it has promising records first to its community and entire universe.
Basically there are two kinds of laws governing the international trade scene namely: public international laws and private international laws. Public international law is concerned with the rights between nations and its citizens whereas, private international laws deals with activities between private person, juridical or natural, in concern with relationship to more than one nation.
It was renamed Electrolux in 1919. It became a holding company for other entities in the group in 1928. Currently it is an independent company and has been able to attract and retain the loyalty of a vast number of International customers and build up a market for its White Goods Products.
Peter Drucker Management Challenges for the 21st Century (1999) Change in all spheres of our lives, is inevitable and is a powerful force, especially with regard to the corporate world. It may threaten to disrupt the harmony or balance of an organization’s position in an industry and completely transform the dynamics of power relations in terms of market share.
Information is required for decision making at every level of the organisation ranging from the top level executives to low level supervisors1. It is in the best interest of the organization that adequate, reliable and relevant information is gathered, formatted, stored and made available to the relevant individuals in the right time for effective decision making.
Competition is part and parcel of business. In fact, it is of an advantage as it ensures that the consumer is supplied with quality goods and services at a reasonable price. Due to this, the company will always find itself being asked for their goods and services by new companies who are not yet loyal and trusted customers.
Much have been written about the factors contributing to the marked growth of trade between the years 1955 and 2004. Several factors have been mentioned and speculated to have contributed to such growth.
However, I personally believe that the four factors that may have contributed to the growth in merchandise in world trade between 1955 and 2004 are the following, but not necessarily in order: 1) the advent of and significantly rapid advances in information technology; 2) the reduction of, or, in some cases, elimination of, tariffs; 3) the rise in income cost; and, 4) the fall in transporters.
The international context in which organizational behavior operates is becoming increasingly important as organizations expand beyond their national boundaries. Few would question that there is now a global economy and that cultural differences must be recognized in the study and understanding of organizational behavior.
In 1860, Jesse boot used to help his mother run their herbal shop in Nottingham. In 1883, the company became Boot and Co. ltd, then Boots Pure Drugs Company in 1888. It was sold to the American drug company in 1920 but in
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