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The Strategy of International Business Management
International strategy management
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My group and I had decided to create a heavy machinery industry that provide machines for agricultural or construction needs. With the merge I had decided to team up with john Deere and work as business partners along side of them. I have now been assigned to move my company international, which I believe, is very possible with the help of john Deere. I decided that the best place to go international with my company is china for various reasons, I will also talk about the what steps are needed to take into consideration before going international, and how I plan to be successful in a different country by using a business plan. By using these steps will ensure a safe pathway for international success. First of what exactly is international business according to Business dictionary international business is “The exchange of goods and services among individuals and businesses in multiple countries”. I thought about this and tried o select an area where our business could thrive and grow. After looking around I figured china would be the best place to put a heavy machinery business. Reasons why I would like to put my company in china is because the population continues to grow labor and agriculture will grow as well and mass …show more content…
The way I would be able to tell if the business was a success is by having the trusted member of my American team I sent abroad rely the numbers and keep in contact with me threw quarterly reports. Depending on the report feedback will determine my companies next move whether it be to continue to grow in china or pull out without causing any more damage. It is an extreme risk so until the business makes good money I probably would not consider moving over seas I think I would plan a 2-4 year plan that would ensure the business would stay afloat not necessarily boom with money but at least be able to obtain constant cash
John Deere was born in Vermont in 1804. His father went to England to find a job in 1808 and never came back, so he was primarily raised by his mother with his three brothers and his one sister. He was an educated man, and had always been fascinated with blacksmithing. At the age of 17, Deere got his first apprenticeship as a blacksmith in Middlebury. He was so talented, that with just a three year apprenticeship he was able to gain so much knowledge and start his own blacksmith company in 1825. Blacksmithing in Vermont wasn’t as substantial as in the West because the soil wasn’t as hard, so when Deere’s business wasn’t flourishing he packed up and moved to the West.
John Deere & Company manufactures and distributes agriculture equipment as well as a broad range of construction and forestry equipment. The company is partnered with FedEx in order to maintain the logistics flow involved with the company’s transactions. FedEx is responsible for providing outsourced transportation services to 11 Deere facilities across the US and Canada. The 11 Deere facilities have different service agreements with FedEx in terms of cost and service depending on the type of business unit.
Lowe’s Companies, Inc. is the fourteenth largest retailer in America, and overall the world’s second largest home improvement retailer. They are the 108th ranked corporation on the Fortune 500 top corporations list. With an impressive in store stock of 40,000 home improvement items on hand, ranging from lumber to Home décor items, plus an additional 400,000 home improvement items available through a special order program. Lowe’s provides a onetime stop for all home improvement needs, for both the Do-It-Yourselfer, and the ever-expanding market of the Commercial Business Customer.
John Deere is not only a name brand of equipment, but also he is a persons that created many different types of equipment. John Deere had built the company that many people know of which is John Deere.
I believe that one of the best investments I could make would be an FPI (foreign portfolio investment) into state-owned industries in China. Announced on April 23rd, the government has opened 8 state-controlled industries to investment. I’d recommend FPI (as opposed to FDI) in this venture because, while China is opening these industries up, they are not opening them up for control. Still, companies like Sinopec Ltd., a large oil company, are up to selling about 30% of the SBU that controls its filling stations, a unit valued at over $20 billion. As the middle class continues to grow and be able to purchase more items (like cars), the huge population’s demand for necessary products like these will continue to grow. Companies like Sinopec are adamant that they will not give up any control, and that’s why FPI would be preferable to FDI when it comes to these industries. Another significant reason that I’d prefer FPI over FDI in China is due to risk (political, socioeconomic, etc.) These companies say the reason they won’t lose control is because they don’t want to have to change their operational practices. With FPI, these companies won’t get paranoid that investors are trying to change them. The previous reasons are very specific, but China has general policies, procedures, and trends in place (good or bad) that make it plain for investors to see that they are wanted, and business is a priority. China has an autocratic government, which is very efficient in getting things done, so it is more conducive for companies to work in. China also has very low wage costs ($1.74 per hour). Also, China has some of the least progressive environmental regulations laws, which lowers costs. China’s GDP growth rate is still at 7.5% (14th in the wor...
Deere & Company is the legal name but better known as John Deere the brand name. John Deere is an American company based out of Moline, Illinois and is one of the world’s largest manufacturers of agriculture equipment. The world of heavy equipment would not be the same if John Deere did not invent the steel plow and other pieces of equipment that made farming easier.
The Impact of John Deere Nowadays, more and more people are unaware of where their food comes from. Mankind now lives in an age where technology is the main focus and the rural way of life is becoming a thing of the past. The ability to produce food is so efficient and effective that some people do not even realize how their food gets to their plate. But that was not the case in the 19th century. In 1837, a man named John Deere changed farming forever.
The defense of our nation and its allies across the globe is essential to the success of the world we live in. The methods in which this defense takes place varies in many different ways, in air, on land, and at sea. Within our nation lies some of the largest defense organizations on the face of the planet, most, if not all, of which strive to protect the United States of America in all arenas. One of these organizations is Northrop Grumman. Northrop Grumman is one of the largest global aerospace and defense technology companies in the world. The company employs over 68,000 employees worldwide, and was named as the fourth-largest defense contractor in the world in 2016 (Forbes, 2016). It grossed over $23.526 billion in 2015. Northrop Grumman
China is not that. Wal-Mart needs to pack up, and head to higher or more common ground. They are fighting a losing battle in China that doesn’t make good business sense. The conditions to do business in China do not fit the Wal-Mart mold. Running the hub and spoke method of distribution is made to be very difficult because of three store limit China imposed on Wal-Mart, and many cities in China were not that excited about foreign retailers coming in. With the sever levels of bureaucracy to go through in China, getting a Wal-Mart center off the ground for each new store they tried to open become more arduous and time consuming. Wal-Marts big trucks on those tiny roads made for overall difficult logistics. Wal-Mart should realize they are not able to operate the in the size, way of logistics or type of locations that works for them. Instead of spending more money on R and D, invest at home and where the business model works. With the Chinese market the way it is, Wal-Mart cannot mitigate threats easy, or exploit opportunities because they are having trouble even putting their stores where they want. Great business model, sure, but some places just don’t work. Wal-Mart leaving doesn’t mean failure. Wal-Mart leaving just means re-allocation of success driven goals. Focus business elsewhere where the business model of Wal-Mart
Since their founding in 1837, John Deere has led the agriculture industry around the world. For over 135 years the John Deere leaping deer logo is one of the most recognized logos in existence today, it represents a symbol of quality products (Our History, 2017). As of May 2017, John Deere has over 56,800 employees in factories, facilities, and offices located in 30 countries and they are listed as number 260 on the world’s largest public companies (Deere and Company, 2017). The John Deere name is linked to designing and engineering products and services that are committed to the land. With product lines that range from balers, tractors, and lawn mowers, they also have product lines for forestry services, government support, and construction.
Why would a company go international? There are many reasons why companies would go international, but generally a company goes international so they can seek opportunities in domestic markets, or they seek solutions to problems that cannot be solved through domestic operations. There are many profitable possibilities by going internationally and these include greater profit potential, offers new locations to sell products, it may provide better access to needed raw materials, it may access to financial resources from many nations, and lastly it may allow labour-intensive activities to locate in countries with lower labour costs. For a small business to become an international business they must use five guidelines the first is global sourcing, exporting and importing, licensing and franchising, joint ventures, and wholly owned subsidiaries. The first two are market entry strategies and the remaining are direct investment strategies.
Sears has seen many different changes in business and has had to adjust to t...
“Variety is the only constant” such is the saying of Heraclitus. What was true a century back holds true even today. A gradual change is the undercurrent of time. Change is in the air and retail business cannot lag behind. Plan your change model, check out the long-term and short-term strategies and alter the entire retail landscape. From ancient times till now, it's always about survival of the fittest. Evolving your business to survive whether it’s a high end retail chain selling luxury watches, jewelry or handbag planning a good business scheme for international expansion becomes crucial. Targeting the market in Shanghai, China is a good option for a short-term and small scale change in the business organization. Once you start doing a brisk business, you can invest more in countries like Brazil, Russia, India and China (the B.R.I.C), for opening up additional retail stores for long-term and large-scale business.
China's development is praised by the whole world. Its developments are not only in the economic aspect, but as well in its foreign affairs. Compared with other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership had experienced unprecedented changes. Entirely, non-state-owned companies can now be more involved in sectors that used to be monopolized by state-owned companies.
Interests: A population of 1.3 billion along with a growing economy makes Chinese market extremely important for Google to enter