C1: Globalization and international business Globalization refers to the trend toward greater economic‚ cultural‚ political‚ and technological interdependence among national economies. Reduction of barriers to the movement of trade‚ capital‚ technology‚ and people. Has two facets:1. Globalization of Markets; the merging of historically distinct and separate national markets into one huge global marketplace. Benefits: cost‚ new market opportunities‚ levels uneven income streams. 3 causes of globalization
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flare was undertaken by creating new packaging with pictures of people from around the world as well as providing for local and regional promotional efforts. The issue‚ in other words‚ is whether a company should follow strategy of geo-centrism or polycentrism. The question is whether all the markets should be regarded as a single homogeneous market that can be successfully tapped with a globally standardization marketing or whether there should be specifically designed strategy for each of the distinctive
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Performance improvement strategy Introduction AC Gilbert Company is facing a crises situation where the sale of company has gone down. The take over from the Jack did not materialise and all the efforts taken by him to obtain success went futile. Now if functioning of the firm is considered‚ it is found that company has adopted ego centrism approach as well as ethnocentric approach. The business is facing crises of good leadership. The training and development objectives are overlooked. Delegation
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HRM Explain why HRM is important First – significant source of competitive advantage Second‚ important part of organisational strategies managers have to think about their employees and relationships Job design‚ job training‚ performance management Way employees treat people significantly affects organisational performance‚ creating high-performance work practices Describe the principal roles‚ functions and outcomes of HRM Human resource management process – activities necessary for staffing the
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BBPP1103 – Principles of Management Multiple-Choice Questions Samples Set 1 1. Someone who works with and through other people by coordinating their work activities in order to accomplish organizational goals is ___________. a) a very intelligent individual b) a supervisor of production work c) a manager d) an operations supervisor 2. Managers who are responsible for making organization-wide decisions and establishing the plans and goals that affect the entire organization
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Jollibee is the largest fast food chain in the Philippines‚ operating a nationwide network of over 750 stores. A dominant market leader in the Philippines‚ Jollibee enjoys the lion’s share of the local market that is more than all the other multinational brands combined. The company has also embarked on an aggressive international expansion plan in the USA‚ Vietnam‚ Hong Kong‚ Saudi Arabia‚ Qatar and Brunei‚ firmly establishing itself as a growing international QSR player. A company that values
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REVIEW QUESTIONS INTERNATIONAL BUSINESS CHAPTER 1 - GLOBALIZATION Review Question 1 The shift toward a more integrated and interdependent world economy is referred to as a) economic integration b) economic interdependency c) globalization d) internationalization Review Question 2 The merging of historically distinct and separate national markets into one huge global marketplace is known as a) global market facilitation b) cross-border trade c) supranational market integration d) the globalization
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Chapter 03 Differences in Culture / Questions 1. (p. 88) In today’s world of global communications‚ rapid transportation and global markets‚ cultural differences have ceased to exist. Difficulty: Medium 2. (p. 88) Culture is static. Difficulty: Medium 3. (p. 89) Values are abstract ideas about what a group believes to be right‚ good and desirable. Difficulty: Easy 4. (p. 89) A society is another name for a country. Difficulty:
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12/3/2012 History of International Business Forces Behind Globalization Pre-industrial Trade around the world Strong manufacturing base of Europe & UK in early 1900 American dominance after WW-II Bretten Woods Monetary Agreement Japan Influence post 1970 Soviet weakness Developing nations stepping up exports Entry of China/India/Mexico/Brazil Worldwide Communication Increase in and expansion of technology Liberalization of cross-border trade Development
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MANAGEMENT REVISION NOTES. Organisational levels Top managersresponsible for making organisation wide decisions and establishing the goals and plans that affect the entire organisation First line managers the lowest level of management‚ and manage the work of non-managerial employees Middle managers all levels of management between the first line level/top level of the organisation The changing face of organisations and management Stable Dynamic Inflexible - Few or slow changes - Local
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