Nobody downloaded yet

International Business Management - Assignment Example

Comments (0) Cite this document
Summary
International Business Management Student Course Instructor Date International Business Management Q1. A) Foreign exchange risk refers to risks that enterprise’s financial position or performance will be negatively affected due to fluctuation in exchange rate of the currencies (Rupeika-Apoga, 2005)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
International Business Management
Read TextPreview

Extract of sample
"International Business Management"

Download file to see previous pages The third measure used in managing foreign exchange risks is by use of foreign bank accounts and loan. Under this method, surplus currency is deposited in a foreign currency account (Mazin, 2007). Moreover, businesses may borrow foreign currency to make purchases. b) In a company that is trading in a country where the currency is weakening compared to its strengthening currency, the ultimate solution is to use the foreign currency option (Mazin, 2007). The foreign currency option ensures that the price of the goods is set at a premium and this helps to protect importer from fluctuations in price and allows the importer to take advantage of strengthening in local currency (Mazin, 2007). Q2. a) When an enterprise intends to achieve foreign expansion, it is critical for it to make three critical decisions. One of the major decisions that the business should make is of which markets it will enter and when to make the entry (Godfrey, Jack and Verzi, 2007). A company should first identify the industry in which it will operate and the products or services it will be offering. The second decision that organization make when looking to achieve international expansion is on the scale of their entry (Godfrey, Jack and Verzi, 2007). ...
b) Decision on the mode of entry into a foreign market has great impact on the success of international entry and the amount of resources required in achieving foreign expansion. There are four mechanisms that are used as modes of entry to a foreign market (Godfrey, Jack and Verzi, 2007). Exporting is the first mode of entry where products manufactured in one country are marketed and sold in another country. Exporting eliminates the need to set up facilities in the foreign country and therefore the costs associated with exporting are those on marketing (Godfrey, Jack and Verzi, 2007). To effectively the export business, a firm must coordinate with importer, government and the transporter. The second mode of entry is licensing where a firm in the foreign country gains rights to use properties of the licensor (Godfrey, Jack and Verzi, 2007). Property takes the form of patents, trademarks and production methods. The firm that gains these rights pays a fee to the licensor for the technical assistance and other property rights given. The licensor firm makes little investment and this ensures that is high return on investment. Firms seeking foreign expansion may also rely on joint ventures. The objective of pursuing a joint venture include enhancing market entry, sharing of profit and losses, sharing of technology, allowing businesses a chance to conform to government requirements and to benefit from shared product development (Godfrey, Jack and Verzi, 2007). The fourth mode of entry in foreign expansion is foreign direct investment (FDI). FDI refers to ownership of resources in the foreign country. Resources transferred to a foreign country include technology, personnel and capital. FDI may be achieved via establishing new firm in a ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International Business Management Assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
International Business Management Assignment Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/other/1401601-international-business-management
(International Business Management Assignment Example | Topics and Well Written Essays - 1000 Words)
International Business Management Assignment Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/other/1401601-international-business-management.
“International Business Management Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/other/1401601-international-business-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International business management
The dissertation seeks to answer the question: What are the key international issues that a firm needs to take into consideration in the preparation of a strategic plan for its international operations, and how do these issues differ from those taken into consideration by a firm that simply focuses on the domestic market?
12 Pages(3000 words)Assignment
International Business Management
It is considerably challenging to define all applications and uses of the Internet in one or two sentences. Many technology analysts believe that the ICT sector has grown rapidly as it mainly features the “new” economy and continues its existence with innovation and success of new products and services (Hyland et al., 2006, p.
10 Pages(2500 words)Essay
International Business Management
Although the company has originated from United States, it has been unable to pick up sales in the region owing to its small size that makes it difficult to secure contracts with the GPOs (Kupetz, Tindall, & Haberland, 2010). Unable to compete with larger counterparts, Genicon decided to expand its operations internationally which now account for 80% of its business (Kupetz, Tindall, & Haberland, 2010).
18 Pages(4500 words)Assignment
International Business Management
Procter and Gamble has been an ideal example of the business houses that have followed the theory of competitive advantage and enjoyed the benefits of sustainable business growth and profitability through the strategies of innovation, differentiation, operational efficiency and cost leadership.
8 Pages(2000 words)Assignment
International Management: Launching a new business overseas - Opening a coffee shop in Israel
Setting up a coffee shop at the beach area is a fantastic idea because people want to enjoy watching the dawn and sun set at the beach while drinking tea, coffee, light beverages with snacks. Although the beach has a presence of expensive hotels and
2 Pages(500 words)Assignment
International Business Management
The McDonalds Corporation is one of the most successful global restaurants in the world. Its International division was established in the year 1969. International expansion by McDonald’s was accomplished through three different means: McDonalds and its
12 Pages(3000 words)Assignment
On completing your HND, you are hired as a Trainee Manager by Excelsior PLC, an international hotel chain. The job offers business experience, management development and future opportunities
It protects the interests of both parties who are assured of remedies in the event of a dispute. Verbal agreements refer to agreements where parties verbally commit themselves to specific courses of action (Mckendrick, 2012). In verbal
3 Pages(750 words)Assignment
International Business Management
A strategic alliance is similar to a joint venture. From a marketing viewpoint, it remains the foundation of marketing where multinational enterprises desires to venture out and expand its business,
5 Pages(1250 words)Assignment
International Business Management ( Final Project)
The company chosen for the report is Tesco Plc, which is the third largest retail giant in the world. Tesco is headquartered in the United Kingdom and is listed under the London Stock exchange (Tesco, 2015). The reason for selecting Tesco for preparation of the report lies
8 Pages(2000 words)Assignment
International business & strategic management assignment
The report incorporates an assessment of the macro-environmental factors (PESTEL analysis) of five critical nations: Denmark, Ecuador, Pakistan, Panama and South Africa. The
6 Pages(1500 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 International Business Management for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us