International Business Practices - 2216 Words

During this last semester, I have learned a lot about international business practices. Some companies have flopped after moving business outside of the United States boarders while others have strived and been very successful. This semester, I traveled to Bangalore (Bangaluru) for the second time for work. During this trip, I built stronger and more meaningful business relationships. My final research paper will explore American based businesses and their successes while taking their corporations abroad. I felt that this topic was relevant in my life because on a day-to-day basis while at work, I deal with many different cultures (even if I am not traveling for work). To explore and understand some intercultural communication success stories from other companies that have been positive, will only improve on my relations. â€Å"Globalization is a broad concept defined in many different ways. To begin with, it can be understood as, Growing interdependence between different peoples, r egions and countries in the world as social and economic relationships come to stretch worldwide.† (Shaheen, 2010) One of McDonald’s biggest cultural differences they encountered while expanding into countries other than the United States was some of their well-known and popular menu items were unacceptable to other populations. After 4 years of planning, in 1995, in order to open its first location in India, McDonald’s took the initiative to meet with and interact with Indian locals Amit Jatias (Show MoreRelatedDiverse International Business Practices 852 Words   |  3 PagesThe United States business culture is based on a direct and informal approach. This means that â€Å"rolling your sleeves up† and getting down to business is respected and expected when working in the United States. (Executive Planet) On the other hand, the Japanese culture is a complex and multi-layered system, which developed over thousands of years. This is very much apparent when analyzing the business culture. The Japanese put a lot of focus on having a hierarchical, group-oriented society, and ai mRead MoreThe Importance Of Religious Practices In International Business957 Words   |  4 Pages their specific religious practices. The hamburgers (and all food items for that matter) must be Halal, and in fact, they do not call the burgers hamburgers as such, instead they call them beef burgers so as to make it clear that there is no ham in them. (The Travel Almanac n.d) So taboos and preferences have to be explored before entering a religious society and trade with partners who are religious believers.Whereas in developing economics foreign brands have status value, when countries developRead MoreFactors Affecting International Business Practices2147 Words   |  9 PagesInternational Business: International business basically involves all business transactions like the transfer of goods, services, capital, technology and managerial knowledge throughout the world. Similar to other businesses or trade, international business also incorporates the export and import of business items. There are various options for conducting business include starting a joint venture with an existing firm in the host nation, exporting goods and services, offering managerial servicesRead MoreInternational Business Club At Your School1154 Words   |  5 Pagespresident of the International Business Club at your school. You are trying to recruit new members and find many students do not recognise the importance of international business or the career opportunities available to them. You decide to give a presentation on this theme. Prepare a short presentation (150 words) in which you explain: a. what types of companies participate in international business, and b. possible career opportunities from studying international business. (5,3 marks) a.Read MoreInternal And External Factors Affecting International Business Environment And The Trade Barriers Essay971 Words   |  4 Pageslevel of interaction between them and international business is considered as one of the mechanisms used in trade globalization. A lot of challenges and opportunities for international business arises and need to be studied in addition to strategies used to seize these opportunities and to overcome the potential barriers. 1.2 Research objective The objective of this research is to study all the internal and external factors affecting the international business environment and the trade barriers thatRead MoreAn Unfair Trade Practice Of Making Any Oral1290 Words   |  6 PagesThe consumers are average citizens engaging in business deals such as buying goods or borrowing money to gain satisfaction. Generally, consumer transactions include purchases of goods or services for personal, family, or household use and these are presumed fair because it is assumed that buyers and sellers are in equal position to bargain. This premise may not always hold true because the fundamental thought process of individuals is to make benefit by any methods. The methods may be reasonableRead MoreThe Australian Competition And Commission V Vassallo795 Words   |  4 Pagesindividuals and businesses. These laws cover a variety of subjects including product liability, fraud, unfair business practices and misrepresentation. In general, the Trade Practices Act 1974 (Cth) is applied to businesses instead of individuals. However, the legislation will apply to individuals who are involved in interstate trading and are supporting a breach of the Act by a business or corporation. In the case Australian Competition and Commission v Vassallo (2009), the Federal Court of AustraliaRead MoreInternational Business Environment And Marketing Management1853 Words   |  8 PagesI chose international business environment as my topic of interest The reason why I chose this topic because I would like to become an international business manager in the future, so as a result of that I have to know a lot about the international business environment and that will help to develop my career in international of business management and yes international business environment is related to my area of study or professional field of study, as a student of business administration andRead MoreDomestic Marketing vs International Marketing2276 Words   |  10 PagesDomestic marketing vs International marketing Domestic marketing and International marketing are same when it comes to the fundamental principle of marketing. Marketing is an integral part of any business that refers to plans and policies adopted by any individual or organization to reach out to its potential customers. A web definition defines marketing as a process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods and services to create exchanges thatRead MoreA Brief Note On International Staffing Cultural Differences1771 Words   |  8 Pages International Staffing-Cultural Differences. Introduction. This research paper is based on the cultural barriers which hinders employee performance to a great extent. Staffing is one of the biggest issue one faces in the global market. Companies today strive to diversify their workforce as much as possible by hiring employees from various backgrounds. There are three main staffing strategies a company can implement when entering an overseas market