1. There is a movement towards a globalization of markets, as the tastes and preferences of consumers in different nations are beginning to converge upon some global norm. The global acceptance of Coca-Cola, Levi’s jeans, Sony Walkmans, and McDonald’s hamburgers are all examples. Yet there are still significant differences – Germany still leads in per [...]
1. MNEs have a number of characteristics, including:
(a) responsiveness to environmental forces such as competitors, customers, suppliers, financial institutions, and government;
(b) drawing on a common pool of resources, including assets, patents, trademarks, information, and human resources; and
(c) affiliates that are linked by a common strategic vision.
2. Under the premise that foreign markets are risky, companies [...]
Overall picture
Singapore has been consistently ranked favourably as one of the best places to do business in the world, and this comes as no surprise. In the latest Doing Business Project 2009 undertaken by the World Bank Group, Singapore came out tops in several categories.
The categories that Singapore was ranked first included:
• The ease of [...]
The export and import industry is exciting to be involved in. But if you have no experience whatsoever when it comes to dealing with such businesses, here are some tips to get you started.
Tip 1: Getting your costs right.
Just starting out? Then chances are that you are not familiar with the costs of running an [...]
One of the biggest bi-annual events for the Oil and Gas industry takes place annually in September of each year at the Aberdeen Exhibition and Conference Centre, Scotland. With a sizeable oil and gas industry in Scotland, this is the perfect place for such a show; a show which attracts a very international and global [...]
1. Product strategies depend on the specific goods and customers. Some products can be manufactured and sold successfully both in the home market and abroad by using the same strategies. Other products must be modified or adapted and sold according to a specially designed strategy.
2. Industrial goods and technical services are good examples of products [...]
In today’s era of Globalization, companies have to face many challenges along with the benefits of globalization. Following are the main challenges of globalization for the companies doing internation business.
Productivity: Productivity is improved by producing in countries where production is most efficient. However, this often means workers in one country lose jobs as their work [...]