International Business Essay - 1971 Words

Chapter12Assignment p. 354 Review Questions 3 AND 9 (3) What are the four caveats exporting SMEs would be well advised to observe when crafting their export strategy? Discuss. The term export means to ship the goods and services out of the port of a country. An export of a good occurs when there is a change of ownership from a resident to a non-resident. Methods of export include a product or good or information being mailed, hand-delivered, shipped by air, shipped by boat, or even downloaded from an internet site. When a SME considers exporting abroad, there are four caveats that they should observe while crafting their export strategy. The four caveats exporting SMEs would be well advised to observe when crafting their export†¦show more content†¦Entering a country with a â€Å"big boom† could damage your business. It is smartest to enter a new market with minimal product lines to minimize the risk associated with getting started in a new country. For example, if Tide detergent was to begin operations in China, they should not enter the market with their entire line of products. Tide has many different types of detergents. If they were to enter a new market with all of these, it would likely be confusing and overwhelming for a new customer to choose between all of the different products. Likely, that customer would rather stick to their current detergents than be faced with a big decision on which new product is right for them. Third, exporting SMEs would be well advised to observe hire and involve locals within your organization at the earliest opportunity when crafting their export strategy. Exporting allows managers to exercise operation control but does not provide them the option to exercise as much marketing control. An exporter usually resides far from the end consumer and often enlists various intermediaries to manage marketing activities. For example, direct selling is often used when SMEs begin to export. Direct selling involves sales representatives, distributors, or retailers who ar e located outside the exporters home country. Direct exports are goods and services that are sold to an independent party outside of the exporter’s home country. Fourth, exporting SMEs would beShow MoreRelatedInternational Business Ventures2671 Words   |  11 PagesInternational Business Ventures Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. For growth to be optimal, management must first be able to identify the most attractive prospective leadsRead MoreChallenges of International Business Management1037 Words   |  5 PagesCHALLENGES OF INTERNATIONAL BUSINESS MANAGEMENT What are the challenges of International Business Management? International business management is a term that is used collectively to describe all commercial transactions which include; †¢ Private †¢ Governmental †¢ Sales †¢ Investments †¢ Transportation The above take place between two or more nations. It involves all business activities which partake in cross border activities of goods, services and resources between nations. PrivateRead MoreInternational Business1578 Words   |  7 PagesInternational business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nationsRead MoreInternational Business And International Marketing1457 Words   |  6 PagesInternational business compares all commercial transactions like private and government, investments and sales and transportation which take place between two or more regions , nations and countries beyond their political boundries.simply international business is exchange of goods and services among business and individual in multiple count ries. International business such as an essential subject for students around the world because international business is vital ingredient in entrepreneurshipRead MoreInfluential Factors of International Business and International Business Environment4145 Words   |  17 PagesA Business Growth and Strategy Project On INFLUENTIAL FACTORS OF INTERNATIONAL BUSINESS AND INTERNATIONAL BUSINESS ENVIRONMENT By: Ankit D Jethani 6937 Business Environment consist of every factors influential to the business operations. These factors are classified into two broad categories. These are: a) External or UncontrollableRead MoreInternational Business Environment6667 Words   |  27 PagesModule specification INTERNATIONAL BUSINESS ENVIRONMENT Code: PGBM04 Credits: 15 Level: Masters FBL, Business School Board: Postgraduate Business Studies Learning Hours: 150 of which 30 CONTACT hours Rationale 1. The international business environment is multi-dimensional, including economic, political, socio-cultural and technological influences. While each can be viewed in specific national settings, increasingly they have become interrelated through processes of globalisation. In particularRead MoreInternational Business5797 Words   |  24 Pagesof world output and world exports accounted for by the United States and other long-established developed nations is unlikely. FALSE 23. (p. 21) A current trend in international business is the growth of medium-sized and small multinationals, known as mini-multinationals. TRUE 24. (p. 22) Today, the risks involved in doing business in countries such as Russia are low, but so are the returns. FALSE 25. (p. 23) If the free market reforms in China continue for two more decades, China may move fromRead MoreInternational Trade As A Tool For International Business1707 Words   |  7 Pagesfourteen asks some very important questions regarding international trade as SME and MNE evolve globally due to technology. Therefore as international business continues to evolve companies are find easier ways to find importers and exporters from the comfort of their offices without the costly methods of travel and due diligences trying to find reputable companies to handle their needs. Using a variety of sources I will analyze international trade through the use of websites and go into detail aboutRead MoreBusiness Administration International Business Essay1784 Words   |  8 PagesBUSINESS ADMINISTRATION amp; INTERNATIONAL BUSINESS In the literal meaning, Business refers to an organized approach to providing customers with the goods and services they want. Business Administration has over the years taken the form of a formal field of knowledge, besides engineering medical and even closely-related Economics. In the 20th century, with the development and growth of business schools in America and Europe, the dynamics of business administration changed. With more research conductedRead MoreThe Problem Of International Business842 Words   |  4 Pages International business c Trade occurring between one or more countries worldwide. Balance of trade Difference in value of a countries imported and exported goods. Balance of payments Also known as BOP, is the monitoring of all international money transactions during specific times. Global dependency The dependency of one nation to another. Competitive advantage The advantage a company has over its competitors, allowing them to achieve greater

Unit 18 - Database P1, M1 - 1008 Words

Database Database, it is a place use to store lots of data. It can be seen as a filing cabinet. And database management system (DBMS) is software that specificity designs for managing the data in database such as create, update or delete them. General is including security, retrieval and backup features. User also allows using the data to create a report or share data with multi-user. MS Access is a database management system design by Microsoft. It offers user four important objects they are: * Table A Table is where you are organised and store data so you have to create the table before store any data. By creating table, you need to define few things, Fields name, Data type, and the Description. * Fields Name Fields†¦show more content†¦* Data Redundancy – Relationships General a database has a lot of tables and some tables are related to each other so relationship is use to make the connection between two or more tables. It is a method to avoid excessive data and to ensure the data integrity. There have three types of relationships: * One to One For example, one employee only has one ID and one ID only for one employee. In many case, â€Å"One to One† relationship is for reduce the time to searching data. * One to Many Simply, â€Å"One to Many† means one thing or one person has many relations with other. For example, one department can have many employees. * Many to Many â€Å"Many to Many† is different with other two. To build â€Å"Many to Many† relationship you need to have at least three tables. It is because â€Å"Many to Many† cannot make the connection directly. For example, a student can choose many course but a course can have many student too so you cannot actually link them together. To link them, you will need a table to transfer data so the relationship will become â€Å"Many to One† and â€Å"One to Many†. * Normalisation It is a design method that used to avoid data redundancy and eliminate uncoordinated relationship. Normalisation has six stages to help with separate data which are UNF, 1NF, 2NF, 3NF, BCNF, 4NF and 5NF. * UNF is the first stage which is unnormalised; * 1NF is to remove the repeating groups; *Show MoreRelatedEssay on My Pico Question1936 Words   |  8 Pagesï » ¿My Pico question: P: Women between 18-69 years presenting for cervical cytology screening. I: HPV DNA testing C: Cytology Screening O: Sensitivity for detecting cervical precancerous lesions. Article 1: Int J Cancer.  2014 Jul 1;135(1):166-77. doi: 10.1002/ijc.28640. Epub 2014 Jan 24. Is HPV DNA testing specificity comparable to that of cytological testing in primary cervical cancer screening? Results of a meta-analysis of randomized controlled trials. 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The John Mayer Trio free essay sample

John Mayers September appearance in Kansas City showed how much confidence he has in the strength of his hardcore fan base. Gone was the brass band of last summers tour. This time it was just three men on stage playing down and dirty blues for more than an hour and a half. The John Mayer Trio came out with a blistering version of â€Å"Everyday I Have Blues† and the rest of the set consisted almost entirely of new material and covers. The trio is Mayer on guitar, Pino Palladino on bass and Steve Jordan on drums. Their aggressive blues rock whipped the crowd into a frenzy. If you wanted to hear three-minute pop songs, this was not a night for you. Mayer may lose some fans, but that can happen when you take a risk. This night was all about showcasing the new tracks and Mayers guitar skills. We will write a custom essay sample on The John Mayer Trio or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The song â€Å"Gravity† was one of the best of the night, combining Mayers songwriting ability and a vicious blues beat. Onstage Mayer successfully made the transition from pop singer-songwriter to blues player, and the majority of the crowd was more than willing to join him in a new musical direction.

Procter and Gambles Organizational Culture

Abstract Organizational culture entails the way a business carries out its functions; it reflects on the ideals of a company. A firm’s values, actions, beliefs, norms, and practices show its overall culture. Procter and Gamble (PG) has built its foundation on the innovation culture, as evident in the manner in which it has dominated the global market with products that satisfy consumer needs.Advertising We will write a custom research paper sample on Procter and Gamble’s Organizational Culture specifically for you for only $16.05 $11/page Learn More With a strong innovative foundation, PG has remained profitable even during the 2009 economic meltdown. The management has allowed all departments to go beyond the known limits or boundaries to generate better results. Description of Procter and Gamble Founded by two UK citizens, James Gamble and William Procter, Procter and Gamble is an American multinational company with its headquarter in Cin cinnati, Ohio. The company deals in consumer goods, such as personal care products, disposal nappies, laundry detergent products, prescription drugs, and pet foods. Launched in 1837, the company took along time to conquer the market as it is today; it relied on innovation and creativity to manufacture and supply products that met the needs of the customers (Purpose, Values, and Principles, 2012). For instance, PG started marketing ivory soap that could float on water, and went on to give employees a stake in the management process. The company made Cincinnati a regional hub for animal products. In 2009, PG recorded total sales of over $80 billion under Robert A. MacDonald as the CEO. From mid-2011, the company has demonstrated steady quarter-to-quarter growth. Procter and Gamble’s Culture Procter and Gamble has relied on a unique culture to run its services. Throughout the 177-year history, the company has witnessed immense growth and evolution with a culture bestowed on its principles, values, and purpose. PG relies on innovation as its game changer (Creating Innovation for Competitive Advantage, 2013). Just like the Hewlett-Packard, Apple, DuPont, and Nokia companies, PG has relied on a game-changing innovation culture. Since 2000, the executive officer, A.G. Lafley has prioritized research and development (RD) among other key functions for the business. A focus on social and product advancements has seen the company direct $2 billion annually to research and development. As a way of maintaining customers’ confidence in the current uncertain market, Bruce Brown of PG has laid out long-term strategies for business growth. In addition, Bruce has remained steadfast in the implementation of innovative ideas.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Signs of the Innovative Culture The innovation culture is evident within PG in the manner in which Lafley and his team of world-class technologists in personal care products, disposal nappies, and pet foods bring in more employees into the innovation game. This move has helped PG to continue to be among the most innovative multinational firms. The team went on to create a social system that would assist in harnessing the skills and ideas of all persons within the company (Alvesson, 2002). Evidently, the integrated approach to RD at PG has brought sustainability in the achievement of both business and corporate objectives, as well as long and short-term goals. Factors for the Incorporation of the Culture Numerous factors made PG to embody the innovation culture. Cost reduction is one of the key factors that the company has been pursuing in its quest to maintain competitive advantage over its competitors. With a well-motivated staff, the 126,000 employees are able to devise new options that appeal to consumers. This marketing strategy has made it possible for the multinationa l company to maintain a profitable top-line growth. The innovation team’s belief that consumer is the boss drove them towards coming up with products that meet the needs, or satisfy the tastes and preferences of the customers (Merrill, 2008). During this time, products like pampers, tide, and crest have received high innovation levels. The company has 26 RD centers across the globe; they all focus on the customers’ demands, and respond positively to customers’ feedbacks in order to enhance continuity in the dynamic market. Therefore, the fast changing tastes and preferences among consumers also made it possible for PG to encompass the innovation culture. Effective Leadership Style With the uncertainty in the market, continuous innovation at PG is eminent. As a result, an innovative leader is best suited to manage the company. Such a leader is well positioned to meet new challenges in the process of inventing new dynamics of handling products. Innovative leadersh ip gives space for employees and other stakeholders in a firm to display their talents, ideas, and thoughts without rebellion from the top management (Pillai Doe, 2003). Moreover, an innovative leader will be flexible in including consumers’ feedbacks in the design and production of new products. This flexible leadership style will make it possible for PG to achieve its strategic goals and objectives.Advertising We will write a custom research paper sample on Procter and Gamble’s Organizational Culture specifically for you for only $16.05 $11/page Learn More Cultural Change A decline in the demand for products would result in restructuring of the company’s innovation culture. A re-strategy of the culture would entail applying product differentiation and cost-cutting strategies. Since an increase in price of a product in relation to its substitute can result in a decrease in demand, cost-cutting mechanisms become applicable. Additio nally, competitors producing similar goods may require production of the same product, but with different features. The innovative culture can work well in restoring the demand of Procter and Gamble’s products. References Alvesson, M. (2002). Understanding organizational culture. London: SAGE. Creating Innovation for Competitive Advantage: A Procter Gamble case study. (2013). Business Case Studies. Web. Merrill, P. (2008). Innovation generation: creating an innovation process and an innovative culture. Milwaukee, Wis.: ASQ Quality Press. Pillai, R., Doe, S. (2003). Teaching leadership: innovative approaches for the 21st century. Greenwich, Conn.: Information Age Pub. Purpose, Values and Principles. (2012). PG Purpose, Value and Principle foundation of unique culture. Web.Advertising Looking for research paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This research paper on Procter and Gamble’s Organizational Culture was written and submitted by user Theo Pate to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.