Beruflich Dokumente
Kultur Dokumente
By:
Zeeshan Hussain
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Dharma
International business consists of transactions that are devised and carried out across national borders to satisfy the objectives of individuals, companies, and
organizations.
Licensing
into the international market? Should trade or investment be used to enter a foreign market? Should supplies be obtained domestically or abroad? What product adjustments are necessary to be responsive to local conditions? What are the threats from global competitors, and how can these threats be counteracted?
Globalization
Because of globalization, for the first time in
history, the availability of international products and services can be accessed by individuals in many countries, from diverse economic backgrounds.
of global links that bind countries, institutions, and individuals with trade, financial markets, technology, and living standards.
For example, a reduction in coffee production in
trading blocs.
The participation of countries in world
trade is shifting.
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importance of manufactured goods increased while the role of primary commodities (i.e. rubber or mining) had decreased. More recently, there has been a shift of manufacturing to countries with emerging economies. There has been an increase in the area of services trade in recent years.
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can be summarised under the PEST heading: Political & Legal Economic Social & Cultural
violence, etc. Change in government through democratic election can influence future business strategy.
e.g. the opportunities that are now available in Russia and Eastern Europe following the collapse of communism
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Sudan, Venezuela. Political uncertainty can lead to a fall in investment by businesses and influence decisions on expansion and business ventures War/Terrorism create uncertainty Political Doctrine can affect the ease with which business is conducted
Economic
All these factors need to be considered in any global
business venture:
Tax Systems Investment Considerations and Allowances Sophistication of Financial Markets ease with which capital
can be moved and raised Commodity Prices oil, energy, metals Monetary and Fiscal Policies interest rates, tax regimes, government aid Internal Regulation and Bureaucracy can be stifling! Exchange Rates
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environment not only affects human communities but can also inflict widespread ecological damage. This imposes social costs on the environment but also can cost the business large sums in legal costs and compensation.
appropriateness of some business ventures Impact on local communities of business development availability of jobs, training, environmental impact for these communities Impact on the environment can impact on the businesses image Ethical considerations Cultural issues
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