P1 Unit 1 International Business

There are a variety of sources available both within and outside my organisation. These sources allow me to get advice on topics such as employment issues, training and any other support I may need. Within the business I work, there are various people that I can talk to regarding my career, such as the Business owner/manager Phoebe, the office manager Claire or my colleagues. I could also use the internet to find out more information about administration. There are a multitude of different websites that can be easily accessed that offer information regarding career advice, training opportunities and a large range of jobs to progress onto. Websites like the National Career Service (www.nationalcareerservice.direct.gov.uk) provide tools to identify

1. What is the significance of determining whether a country follows the rule of law?

Current Rank:I don't have one at the moment but wish to have a staff rank soon

The organisation I have chosen to research is Haringey Sixth Form Centre. Haringey Caters to 16-19 year olds who have left secondary school or have switched sixth forms/colleges to continue their studies. Haringey provides several courses like; Business and ICT, Creative Media and Performing Arts, Entry and Foundation Studies, Humanities, Social Sciences, Languages and Public Services, Maths, Science, Sport and Leisure.

In order to develop a new international division a variety of preliminary steps will need to be met. Initially, the process of selecting a team and organizing them effectively for use in an international environment in South America will be the foundation of future developments. Following this, setting in place strategies for cultural challenges in addition to other typical pitfalls that may come with entering a new environment is also crucial to creating an effective plan for the firm’s development. Examining the scope of the project, and taking under consideration the average timeframes for economic fluctuation, will allow the firm to determine the maximum, and optimistic, length of time for the project to create autonomy.

In this part of Unit 39, I will be explaining the different economies in which an international business undertakes activities. The business I will be focusing on throughout my essay is Barr’s. I will also be scrutinising the economies of two countries – Germany and the UK. The economic aspects I will look at into further detail are: GDP, GDP per capita, exchange rates, trade blocs they are currently a member of, unemployment rates, life expectancy and balance of trade.

Wal-Mart’s worldwide employments presently consist of 4,263 stores and 660,000 employees in fifteen nations externally the United States. There are completely controlled stores in Argentina, Brazil, Canada, and the UK. With two.one million workers globally, the business is the gigantic independent entrepreneur in the US and Mexico, and 1 of the gigantic in Canada. In the monetary span in 2010, Wal-Mart’s worldwide departmentalizing commerce were $one hundred billion, or 24.7% of overall marketing.

Fiat’s share of the European market shrank from 9.4% in 2000 to 5.8% in the summer of 2004, when Sergio Marchionne was appointed as Chief Executive. By March 2009 their market share had risen to 9.1%. This was mainly due to the successful launch of new cars, notably the Fiat 500. On 20 January 2009, Fiat and the US carmaker Chrysler announced their intention to form a global alliance. Under the terms of the agreement, Fiat would take a 20% stake in Chrysler and gain access to its North American distribution network in exchange for providing Chrysler with technology and platforms to build smaller, more fuel-efficient vehicles in the US and providing reciprocal access to Fiat’s global distribution network.

This paper analyzes why and how companies set their international business strategies with the host nations and the benefits that they have reaped through the years with their decision. The discussion handles foreign manufacturing strategies with direct investment and without direct investment, its advantages and disadvantages and how companies have profited by their decisions in each of the cases. At the end of the discussion it would be clear that how such business decisions play a vital role in the growth of the companies both in home and host countries

Compare and contrast the activities of two companies of your choice in the same industrial sector in developing new technology to try to maintain competitive advantage.

As the threshold of conducting business in foreign country becomes lower, it has been appealing to turn a local company into a multinational corporation. By leveraging and gathering resources from global platform, company will make leaping progress not only on profit, but also on brand building. However, the moment a company begins to consider paving its way into foreign markets and goes globally, it needs to take into consideration various kinds of transaction expenditure that rose in trading. Therefore, it has been critical for company executives to understand and utilize the Transaction Cost Theory (TCT) in order to find the most suitable method for company to supervise and minimize the transaction costs. Through analysis into TCT, one can have a deep comprehension on the extension of how multinational companies depend on each other, and how to choose between centralized inner supervision (within company) and outer surveillance (market) so as to diminish transaction costs.

Since the Second World War, international business appeared as the main economic factor responding to postwar needs. Nowadays, globalisation has increased the facility of international exchange and has risen the multicultural needs.The increase in demand for international products has resulted in large possibilities to do business abroad. However, it is really complicate to import or export without knowledge in this area. Global business is all of the commercial exchanges which involve more than one country. Understanding and applying the major factors of overseas business is crucial. In fact, it is clear that the most important factors involved in international exchange include foreign culture, transport and payment transaction. This

1. Describe the trading country’s economic system, economic information important to your proposed business/product/service, the level of foreign investment in that country

Financial Markets and Institutions SEVENTH EDITION The Prentice Hall Series in Finance Alexander/Sharpe/Bailey Geisst Fundamentals of Investments Megginson Investment Banking in the Financial System Andersen Corporate Finance Theory Melvin Global Derivatives: A Strategic Risk Management Perspective Bear/Moldonado-Bear Gitman International Money and Finance Principles of Managerial Finance* Principles of Managerial Finance–– Brief Edition* Mishkin/Eakins Financial Markets and Institutions Free Markets, Finance, Ethics, and Law Moffett Gitman/Joehnk Berk/DeMarzo Fundamentals of Investing* Corporate Finance* Corporate Finance: The Core* Cases in International Finance

Sun Financials entered the Indian market through a joint venture with the Aditya Birla Group. The joint venture was called Birla Sun Life Insurance Company. The structure and equity pattern was Indian Rayon and Birla Global Finance Ltd having a stake of 69 percent and 5 percent respectively while Sun Life Financial held 26 percent.