Premium Essay

Chap 06 Summary - International Business Charles Hill

In: Business and Management

Submitted By guigogag
Words 2248
Pages 9
CHAP 6 * Introduction

* The indian pharmaceutical companies, before 2005, were not allowed to trade with developed countries because, India did not respected drug patents.

* In 2005 India signed up a agreement that stated that India would agree with global patent rules. * This oppened a path for the rising of business opportunities. * This pharmaceutical firms produce now, low-cost generical and patented medicines that are sold worldwide, usually in partnership with western companies. * The western companies perform the R&D and marketing, and contract some indian firms to produce the medicines * This way of working togethere lowered the costs for western firms e for western consumers, at the same time it generated Jobs in índia increasing the wealth of the country, so now indians can buy more western products. * There are always winners and loosers. It can be win-win in long term as the winners will be more wealthier and spend more buying losser’s stuff * The earnings of the winners are bigger then the losses of loosers, so globally it is better to trade.

* An Overview of Trade Theory:

* Free Trade: situtation in wich the government does not influence in what consumers can buy or sell to other countries. * The Benefits of Trade:

* No one suggests that Iceland can grown its own oranges, so they can benefit of trading what they are good producers(fish) for oranges, and then have a mixed diet. * It is hard to people to understand why it is benefical to buy something for other country if your country is capable to produce. Some americans arguee that whenever possible people should buy american goods in order to help US industries and employment. * The gains arise of the fact countries can specialize in some product that can be more efficiently produced at home, while…...

Similar Documents

Premium Essay

International Business

...Differences in Accounting Standards Kimetha Davis BUS616 International Business Jason Sheedy Ashford University May 6, 2012 2 Abstract Accounting Standards hold a very important place in any business, whether foreign or domestic. Accounting is shaped, by the environment, in which it operates. Throughout the world accounting, systems are most likely to be different, according to company standards. Which because of different accounting systems, it would make harmonization as challenge. Because there are differences in accounting systems, adopting international standards of accounting will prove to show benefit as well as risks and this paper will cover some of each… 3 Accounting Standards Accounting Standards hold a very important place in any business, whether foreign or domestic. Accounting is shaped, by the environment, in which it operates (Hill 2011). Foreign companies have different accounting systems, such as in European countries, government regulations require forms to publish detailed information about training and employment policies, there are no such requirements in the United States accounting systems (Hill 2011). There are factors that may influence......

Words: 904 - Pages: 4

Premium Essay

International Business Syllabus

...Syllabus International Business 1 (IB-1) 2012-2013 1-IBMS 1. INTRODUCTION This International Business (IB-1) course is designed to provide students with a basic understanding of the international business environment. In order to be successful, IBMS Students need to familiarize themselves with the basic concepts and definitions of today’s competitive business world. Students must become aware of the major actors and forces that help shape the international business context. The course covers a variety of topics, which include the theoretical foundations of global trade and investment, the political environment, foreign direct investment and market entry, international business strategy and operations. The course is structured around lectures and workshops. Students are expected to attend all lectures and workshops. In the lectures, students will learn about the field of international business. In the workshops, students are expected to present and discuss international business cases. These business cases provide helpful examples and insights towards an understanding of the International Business theory taught in lecture classes. Students are encouraged to contribute to meaningful discussions, develop the ability to defend their position and apply knowledge to “real life” situations based on the cases presented in class. Attendance IB-1 is not a spectator sport. Attendance and contribution accounts for 10%...

Words: 835 - Pages: 4

Free Essay

Chap 3 Summary

...Claro Garcia NT1110 CS & L April 9, 2014 Chapter 3 Summary In the world of computers, input/output (I/O) devices are utilized to enhance, configure and control data transfer between the computer and external devices in a variety of ways. These devices use ‘ports’ to connect to either internal or external hardware to and from the computer. The ports are then linked to copper circuits and memory that communicate to the computer CPU, RAM and ports. This enables data transfer between these I/O devices and the computer. Nowadays, the Universal Serial Bus (USB) port is considered to be the most important I/O port among all other I/O ports because it has replaced PS/2 (mini DIN) mouse and keyboard, serial (COM), and parallel (LPT) ports in recent computer systems and providing greater speed. A recent computer desktop system has at least four USB ports and can support up to eight front-and-rear mounted USB ports. The three standard types of USB ports are (1) USB 1.1, (2) USB 2.0 a.k.a Hi-Speed USB -and (3) USB 3.0 a.k.a Superspeed USB and use either Series A a.k.a Type A or Series B a.k.a Type B types of connectors. Adding more USB ports can be done by using motherboard connectors for USB header cables, hubs and add-on cards. Serial (COM) I/O ports also known as RS-232 ports are used for external modems, serial mouse, plotters, label printers, serial printers, PDA docking stations, digital cameras and PC-to-PC connections used by file transfer programs such as......

Words: 1168 - Pages: 5

Free Essay

Charles Schwab Executive Summary

...in 1975, Charles Schwab created the discount broker. With new rules set in place commissions would now be set by market competition. While competitors like Merrill Lynch and Fidelity raised their fees, Charles Schwab chose the opposite route. For so many years the cost of trading stock was so high it limited the investment opportunities available for Americans. Schwab envisioned that individual investors would jump on the opportunity to be in control of their trading at a discounted rate. By focusing on the principle of providing the best customer experience across all channels CS revolutionized the brokerage industry. With the introduction of online trading in the late 90’s, CS became one of the top financial services firms in the nation while doubling profits. However, a dynamic marketplace posed new challenges. The stock market crash of 2001 and competition from new Internet discount brokers cut into CS’s transaction fees, which was their main source of revenue. With high trading volumes likely coming to an end CS has to focus on other sources of revenue. Recommendations CS’s decision to become the first discount brokerage firm was a great strategy to cement them as a force in the brokerage industry. However, this image was hurting them for future growth. While CS offered many of the same services affluent investors ($1MM + investable assets) sought from full-commissioned brokerage (FCB) firms, they weren’t known for them. As seen in the case study, Charles Schwab......

Words: 687 - Pages: 3

Premium Essay

International Business Syllabus

...Master of Business Administration Faculty of Economics and Administration King Abdul Aziz University International Business Syllabus Instructor: Dr. Hisham J. Bardesi Office Hours: 11-12 (S, M, W) Contact Information: hbardesi@kau.edu. Course Prerequisites: See Program’s Study Plan Course Title: International Business (BUSE 608) Text Book: Hill, Charles W. International Business. McGraw-Hill. 9th Edition. Course Description: The basic content of the course includes (1) an overview of the means of conducting international business, with an emphasis on what makes international different from domestic; (2) the effects of the social systems within countries on the conduct of international business; (3) the major theories explaining international business transactions and the institutions influencing those activities; (4) the financial exchange systems and institutions that measure and facilitate international transactions; (5) the dynamic interface between countries and companies attempting to conduct foreign business activities; (6) corporate strategy alternatives for global operations; and (7) international activities that fall largely within functional disciplines. Course Objectives: Understand the different challenges business face when they operate in an international environment; 2. Examine the various cultural, political and legal issues that impact international business activity; 3. Examine the international institutions and practices that impact international......

Words: 1088 - Pages: 5

Premium Essay

Summary of Hrm Chap 1 and 2

...Summary of Chapter 1: Introduction to HRM The book further provides a detailed explanation of the Line Managers’ Human Resource Duties like placing the right person on the right job, starting new employees in the organization (orientation), training employees for jobs that are new to them, improving the job performance of each person etc. In order to carry out this specialized assistance, the HR managers carries out three distinct functions, A line function, A coordinative function and Staff function. New approaches to Organizing HR have also been discussed with four specific points, the transactional HR, corporate HR, embedded HR and the centers of expertise, these are four groups within which the employees try to organize themselves. To further clear the concept of new approaches three different examples have also been shared. Then the chapter proceeds to how some trends are shaping up the HR management. Trends like, globalization, competition, technological innovations etc. are drastically changing the whole human resource management system. Due to globalization, trade groups like NAFTA, SAARC are formed which requires partnerships, job offshoring and more employment, this leads to training the employees to learn the culture and tradition of foreign countries to work in a congenial environment. Technological trends has enabled the introduction of high-tech jobs, new service jobs requiring technological expertise encouraging the knowledge workers and thus increasing the......

Words: 1209 - Pages: 5

Free Essay

International Business

...Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work’s original creator or licensee. Organization The overarching logic of the book is intuitive—organized around answers to the what, where, why, and how of international business. WHAT? Section one introduces what is international business and who has an interest in it. Students will sift through the globalization debate and understanding the impact of ethics on global businesses. Additionally, students will explore the evolution of international trade from past to present, with a focus on how firms and professionals can better understand today’s complex global business arena by understanding the impact of political and legal factors. The section concludes with a chapter on understanding how cultures are defined and the impact on business interactions and practices with tangible tips for negotiating across cultures. WHERE? Section two develops student knowledge about key facets of the global business environment and the key elements of trade and cooperation between nations and global organizations. Today, with increasing numbers of companies of all sizes operating internationally, no business or country can remain an island. Rather, the interconnections between countries, businesses, and institutions are inextricable. Even how we define the world is changing. No longer classified into simple and neat categories, the rapid changes within countries are......

Words: 239764 - Pages: 960

Premium Essay

International Business

...OUTLINE FOR AN INTERNATIONAL BUSINESS PLAN Please type your plan single-spaced. The first stage in developing an international business plan is to undertake a preliminary country analysis. Presented below are four separate sections to be completed for collection and analysis of market data and preparation of the plan: (1) Analysis: Cultural Environment; (2) Analysis: Economic; (3) Analysis: Market and Competitors; and (4) International Business Plan. The headings in each section are general and intended to provide direction to areas to explore for relevant data. Heading topic area may be emphasize or de-emphasized, depending on the nature of the firm’s product and the country being targeted. Some topic headings are unimportant for some countries and can be ignored. In the material that follows, “product” can refer to products or services. CULTURAL ANALYSIS The data obtained for this section provides vital information to guide development of the business plan and to support managers in understanding specific cultural dimensions of the country. Such information is useful to ensure the firm is effective in both developing the plan and interacting with the target market. Hence the information developed for this section serves a dual purpose both in the early stages of developing the plan and in executing the plan through interactions with country nationals. The information in this section constitute more than simple facts. Managers responsible for developing and executing the......

Words: 2244 - Pages: 9

Premium Essay

International Business

...photocopying, recording, or otherwise without either the prior written permission of the publishers or a licence permitting restricted copying in the United Kingdom issued by the Copyright Licensing Agency Ltd, Saffron House, 6–10 Kirby Street, London, EC1N 8TS. ISBN 978-0-273-71174-2 Ariff, J. British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging-in-Publication Data Burnes, Bernard, 1953– Managing change : a strategic approach to organisational dynamics / Bernard Burnes. – 5th ed. p. cm. Includes bibliographical references and index. ISBN 978–0–273–71174–2 (pbk. : alk. paper) 1. Organizational change–Management. I. Title HD58.8.B882 2009 658.4′06–dc222 2009015909 10 9 8 7 6 5 4 3 2 1 14 13 12 11 10 09 Typeset in 10/12.5pt Sabon by 35 Printed by Ashford Colour Press Ltd. Gosport The publisher’s policy is to use paper manufactured from sustainable forests Contents Acknowledgements Publisher’s Acknowledgements Introduction Part 1 The rise and fall of the rational organisation Chapter 1 From trial and error to the science of management The rise of organisation theory Learning objectives Introduction The rise of commerce and the birth of the factory Organisation theory: the Classical approach Conclusions Test your learning Suggested further reading Case Study 1 Developments in organisation theory From certainty to contingency Learning objectives Introduction The Human Relations......

Words: 300365 - Pages: 1202

Premium Essay

International Business

...Retail organization internatinalization expension 4 4. International Expansion of Wal-Mart in Maxico,china and canada 5 5. Comparison of Entry Modes 6 6. comparison of Opportunities 7 7. Final touch 8 8. Conclusion 9 9.Bibliography 10 1. Introduction: Being present and having to enter foreign markets is for many companies natural, while for other it is a new challenge that they have to face. This challenge, known as market entry, consists of three major decisions: where to enter, when to enter and how to enter different markets. Some companies are forced to internationalize in the early stages of their life due to small saturated home markets, while other companies choose to go abroad because of the great opportunities new markets might bring (Peng, 2006). Once deciding to go abroad and choosing the target market and timing, companies' need to consider the choice of entry modes. Generally, to choose international firm there are six different entry modes: exporting, turnkey projects, licensing, franchising, joint ventures, wholly owned subsidiary (Hill, 2004). Each entry mode its distinctive characteristics (see, e.g., Hill, 2004; Hill, et al, 1990; Hill and kim, 1988; Anderson and Gatignon, 1986; Madhok, 1997; Brouthers and Brouthers, 2000; Bishop 2006. Selecting a suitable entry mode is a difficult decision for firms interested in entering a foreign market (Agarwal and Ramaswami, 1992). Sometimes, an international firm may use more than one entry mode......

Words: 5309 - Pages: 22

Premium Essay

International Business (Hill) Case 4

...people have higher spending capacity, which positively affects consume and economic growth. Economic growth in Ecuador also has implications for the US or Europa. As the US and Europe are large exporting nations, they will benefit from this evoking business opportunities. 4. How should developed nations respond to reports of poor working conditions in this industry? Should importers in some way certify Ecuadorean producers, only importing from those who adhere to strict labor and environmental standards? Whether and how developed nations should best respond to reports of poor working conditions is the subject of controversial public discussions. It is certainly at first a question of a nations own moral compass or code of ethics. For a nation to decide to take actions in this field, it is necessary that there are enough consumer organizations or NGOs with interest in consumer awareness who influence the public opinion. If a majority in the population is concerned about this topic like in Europe they will pressure the concerning governments and institutions like the European Union to take actions. Possible solutions include the full range from voluntary programs to identify responsible operating companies to pressure in international diplomacy or trade sanctions at worst (even though the latter is only likely to happen in case of extreme endangering circumstances for human rights or environmental issues). In the case of the Ecuadorean rose industry also doctors,......

Words: 1057 - Pages: 5

Premium Essay

Charles Hill, 8e

...International Business COMPETING IN THE GLOBAL MARKETPLACE Charles W. L. Hill UNIVERSITY OF WASHINGTON Boston Burr Ridge, IL Dubuque, IA New York San Francisco St. Louis Bangkok Bogotá Caracas Kuala Lumpur Lisbon London Madrid Mexico City Milan Montreal New Delhi Santiago Seoul Singapore Sydney Taipei Toronto INTERNATIONAL BUSINESS: COMPETING IN THE GLOBAL MARKETPLACE Published by McGraw-Hill/Irwin, a business unit of The McGraw-Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY, 10020. Copyright © 2009, 2007, 2005, 2003, 2000, 1997, 1994 by The McGraw-Hill Companies, Inc. All rights reserved. No part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written consent of The McGraw-Hill Companies, Inc., including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning. Some ancillaries, including electronic and print components, may not be available to customers outside the United States. This book is printed on acid-free paper. 1 2 3 4 5 6 7 8 9 0 DOW/DOW 0 9 8 ISBN 978-0-07-338134-3 MHID 0-07-338134-9 Editorial director: Brent Gordon Publisher: Paul Ducham Executive editor: John Weimeister Developmental editor: Megan Richter Marketing director: Krista Bettino Project manager: Jim Labeots Lead production supervisor: Carol A. Bielski Design manager: Kami Carter Senior photo...

Words: 443650 - Pages: 1775

Premium Essay

International Business

...A) The name of the company is Apple. The reasons of choosing this company to explore its experience using the concepts of International Business are as follow: Global pattern of trade * Apple is the global company in the retail industry. 43,000 of Apple employees in the United States to work in the 30,000 Apple stores. Apple retail store employees to do more than the average wage of employees, and provides money for universities, as well as a gym membership, 401K plans, health care plans, product discounts and lower prices for the purchase of shares. * Apple has 453 retail stores (such as in March 2015) in 16 countries and 39 countries in the online store. Each store is designed to meet the requirements of the position and the regulatory authorities. Apple has received numerous architectural awards for its store design, especially its location on Fifth Avenue in midtown Manhattan on. Competitive advantage * Before the company advertised its products are being made, the late 90s of the last century the United States; however, as a result of the outsourcing plan in 2000, almost all of the manufacturing process is now abroad. According to a report the New York Times, Apple insiders "that huge overseas factories, as well as flexible, diligent and industrial skills of foreign workers have to make more than their American counterparts that" Made in USA "is no longer a viable Alternatively, for most Apple products. " * The company's production, procurement and......

Words: 1506 - Pages: 7

Premium Essay

International Business

...by two or more otherwise independent firms (Hill, Wee and Udayasankar, 2012). Danone and Wahaha in this case are the two strategic partners to establish joint ventures together. Danone chose to create joint ventures in china since this entry mode can allow it to effectively tackle pressures from local responsiveness and to share risks with local partners. Firstly, Danone needs a partner to provide knowledges regarding Chinese markets. In fact, Danone initially established Guangzhou Danone Yogurt Company Ltd, which gave the group its first industrial presence in China (Hamilton and Zhang, 2012). However, not knowing much about the peculiarities of the Chinese market, Danone initially introduced almost identical French products to the Chinese market, which results in failure since Danone’s products were too expensive for the average Chinese consumers and few people had no refrigerators to store fresh dairy products. Therefore, Danone needs a partner who understands the preferences of Chinese to offer locally adapted versions of products. Wahaha have knowledge about government laws and customs, along with networking relationship in Chinese business environment. Therefore, the formation of a joint venture can allow Danone to achieve improvement of efficiency that would be hard for it functioning alone to accomplish (Luthans and Doh, 2015). Secondly, establishing a joint venture can involve less costs and risks. After Danone’s core business in Europe suffered from the recession......

Words: 2318 - Pages: 10

Premium Essay

International Business

...COLLEGE OF ECONOMIC AND MANAGEMENT SCIENCES DEPARTMENT OF BUSINESS MANAGEMENT An assignment submitted in partial fulfilment of the course: INT4801 (International Business) Assignment 03 Due Date: 09 October 2015 Table of Contents TABLE OF CONTENTS ..................................................................................................................................................... 1 QUESTION 1: CRITICALLY EVALUATE THE IMPORTANCE OF WORLD TRADE ORGANISATION (WTO) AS A REGULATORY BODY IN INTERNATIONAL TRADE ARRANGEMENTS. .................................................. 2 INTRODUCTION ......................................................................................................................................................................... 2 AGREED LIBERALIZATION ............................................................................................................... ERROR! BOOKMARK NOT DEFINED. RULE OF LAW.............................................................................................................................. ERROR! BOOKMARK NOT DEFINED. QUESTION 2: EXTENSIVELY ANALYSE THE RELEVANCE OF SUBSIDY AS AN INSTRUMENTS OF TRADE RESTRICTION, ESPECIALLY IN AGRICULTURE SECTOR. ................................................................... 9 INTRODUCTION ...........................................................................................................................................................

Words: 5530 - Pages: 23