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

International Business Examination - Essay Example

Comments (0) Cite this document
Summary
Answer 1 1(a) Advancing technology and rapid globalization have become major propellants for expanding business across national borders (Hill, 2011). The international business has therefore become more challenging due to complexities of changing external and internal environment within which they have to operate…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.1% of users find it useful
International Business Examination
Read TextPreview

Extract of sample "International Business Examination"

Download file to see previous pages First stage In the first stage, the emphasis is on research and development that is focused on new product development. The firm is able to maintain its leverage in the market due to high demand for the product which has relatively few competitions. The stage is also marked by high profitability which gives further thrust to technology and processes. But the new product has smaller domestic market. The first stage is inherently linked to strategic initiatives of the firm which are used to exploit its competitive advantage to progress to the next level. Second stage The second stage of product’s life cycle is process of maturing which leads to competition because other firms compete on variations of the product putting downward pressure on the prices. This necessitates the innovating firm to expand globally and focus on technology and intense marketing to maintain its niche market position. The phase also highlights growth of the firm with higher emphasis on internationalization in order to gain leverage by shifting production to new location in other countries with low production cost and increase profit. The near standardisation of product results in established technologies, low focus on R&D and growing domestic and export market. FDI emerges as attractive option mainly for two reasons: to ease out price pressure from the domestic market; and to overcome the barriers of import in foreign countries and lower production cost (Krugman & Obstfeld, 2009). Moreover, the stage is also relevant because it provides opportunities for firms to expand their market internationally and create new avenues of growth. Third stage In this phase, the product is matured and completely standardised and there is intense competition. With market saturation, the production is moved to overseas production sites with low production cost so that finished goods can be re-imported from these locations for home market with higher profit margin. Some scholars believe that the maturity of the product accelerates R&D to infuse it with greater value added service so that it can serve the changing needs of the customers as new product (Leinwand & Mainardi, 2010). This is interesting because it promotes the concept of recycling of products and product cycles to constantly improve and improvise market. Thus, firms can maintain their niche position through constant innovation and growth in new market and existing market. 1(b) In the 21st century, the model provides a realistic description of firm internationalization. The stage approach is supported by various scholars who believe that sequential progression in the stages of product life cycle creates linkages for internationalization of firms (Li, 2007; Johanson & Vahlne, 1990). The virtual economy, liberalization of market and most importantly, the inter-dependence of resources promote expansion of market and serve as major imperative for internationalization of firm. The innovative firm in the developed country first serves domestic market and gradually expands to other developing nations to serve local markets to leverage increasing competition. Later emerging markets provide them with locations that are cost effective in terms of production and become attractive. Most importantly, in the 21st ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International Business Examination Essay Example | Topics and Well Written Essays - 5750 words”, n.d.)
International Business Examination Essay Example | Topics and Well Written Essays - 5750 words. Retrieved from https://studentshare.org/management/1403567-international-business-examination
(International Business Examination Essay Example | Topics and Well Written Essays - 5750 Words)
International Business Examination Essay Example | Topics and Well Written Essays - 5750 Words. https://studentshare.org/management/1403567-international-business-examination.
“International Business Examination Essay Example | Topics and Well Written Essays - 5750 Words”, n.d. https://studentshare.org/management/1403567-international-business-examination.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF International Business Examination

International Business

...are reflected in Michael Porter’s Diamond model. It discusses the significant factors that we should study in an international business. These factors are demand condition, related supporting industry, firm’s strategy, infrastructure and rivalry, factor condition, and government. Demand condition reflects greatly on PCI’s case. The demand in a country is not always the same with another country. For example, the variety of design and capacity production. Related supporting industry needs to be studied because we need to calculate the best profit-maximizing cost for the raw materials and machines. Firms need to research the competitors and find a strategy to get into the market....
4 Pages(1000 words)Essay

International Business

...? International Business Merger and Acquisition Globalization and liberalization have brought huge changes in business world and the evolution of newbusiness strategies is one among them. Competition is intensifying in global market because of the increased readiness of the countries in attracting foreign direct investment as a mean to enhance economic growth. Political differences or cultural differences are not providing any obstacles in front of international companies in diversifying their business to overseas countries. It should be noted that plenty of American companies are currently operating in China. Same way plenty of Chinese companies are operating in America at present. In short, international business is facing fewer... ...
18 Pages(4500 words)Essay

International Human Resource Mnaagemnt - Examination

...? International Human Resource Management- examination Table of Contents Question 2: 3 Question 3: 5 Reference 7 Question 2: Discuss the extent to which incentive based pay systems can be used to improve productivity in Asian subsidiaries of multinational companies. Answer: Developing nations demonstrate great competition in the labor market and the unemployment rates in such nations also remain high. Under such conditions an incentive based system of pay would be effective in resulting into improved performance and making use of the high competition in the market. Moreover an important factor which causes low productivity of labor in developing nations is because they suffer from low motivation. The...
4 Pages(1000 words)Essay

International Business - International Market

...Introduction Trade has become increasingly global in some scope today and there are reasons for this. One is the advancement in technology including communication efficiency and modernization where people are migrating to live in areas where they feel they are comfortable. 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. It will investigate the current business strategies used by the company to conquer international markets, licensing and...
10 Pages(2500 words)Case Study

A policy review: impact on labor

4 Pages(1000 words)Essay

International Business

...International Business Case Question #1 Upon examination of Patricia approach to developing an understanding of the international business and her approach to finding potential markets have immediate flaws. She did not have prior experience of conducting international research and therefore she should have sought guidance from those who have prior experience. Basic understanding of international trade is not sufficient to enter into any such deal. Getting accustomed to the international business requires in-depth analysis of the markets which are considered as potential markets. Identifying potential markets require understanding of the products or services to be launched internationally. Patricia focused too much on securing... an...
2 Pages(500 words)Essay

MSc International Marketing/Business Investigation Examination Project

...with the students the increase of profitable relationship with management school of thought-management school of thought that improves implemented strategies. Global Divergence According to Neale and Remer (2006) journal, it outlined how the global divergence presents the understanding concrete samples and examples to reach conclusions to making effective leadership decisions. The forecasting is mostly used on the Divergence aspect rather than the Convergence aspect platform. Global divergence is the ability to focusing on the challenge by global organization managers for an evolution to a cross-country business initiative and income projections. The implemented strategy by imposing a new functional organizational...
20 Pages(5000 words)Essay

Risk in Human Resource Management

...” (Find Law, 2007). There was already a violation by the City officials in terms of allowing IOS to submit the methodologies and analyze the results as agreed up and as stipulated in their contract. When three independent witnesses were interviewed regarding their perceptions and comments on the tests developed by ISO, Christopher Hornick, an industrial/organizational psychologist from Texas who operates a consulting business that is in direct competition with IOS, averred that there is a critical impact of not having someone from the fire department who is knowledgeable of the operations and responsibilities of the personnel to review the contents of the examinations before these were administered. According to the city officials...
5 Pages(1250 words)Essay

Examination

...INSIDER TRADING Facts of the Case: Joan is a duly registered stock broker working for Good Hands People in New York. She has become close friends with Jake Johnson, owner of a media company, and Johnny Jones, VP of a company that manufactures ethanol/gas. The three spend much time together; on one occasion, Johnny relates to Joan and Jake that his company will expand into Iowa, in which case it will be able to avail of lower material costs. In the next six months the three accumulate stock on their portfolios. Johnny’s secretary Rita relates to the Justice Department agent about Johnny’s lunch dates with Joan and Jake, as a result of which ”they are going to become wealthy by buying company stock.” Issue: The legal question... TRADING Facts ...
2 Pages(500 words)Essay

International Business Management

...Porters Five Forces and its Application in International Business: A Case Analysis of the Entry of Hong Kongs Hang Seng Bank into South Africa Introduction International business expansion always require some degree of knowledge of the local markets and local conditions. Thus, before a firm enters a foreign market, it would need to undertake a critical examination and evaluation of the local systems and conditions. This paper examines one of the main methods of doing critical analysis of the local markets, Porters Five Forces. It would involve a critical examination of the concept and how it can be used by an...
12 Pages(3000 words)Essay
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 Essay on topic International Business Examination for FREE!

Contact Us