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Why culture matters in international business
Why culture matters in international business
Why culture matters in international business
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Companies have attempted to analyze and invent global commercial approaches through the presentation of various ideas. There exist a unique connection between organizational arrangements and competition in the universal arena. An examination of the domestic potential of an organization to generate competitive gains has also been done. The solution to an effective global strategy lies on the suitable construction and supervision of an organizational universal value chain. Most often than not, divergent requirements of universal integration against regional reactions are scrutinized (Wit and Meyer, 2010) Online market auction has been the core competency of eBay. It specializes in initiating and recovering equipment that enhances information flow through the buyers and sellers a safe. Ebay users engaging on assorted types of products are authorized to generate innovations base on the equipment provided. However, success has been attributed to various activities for instance technical knowhow, reliability and improved rapport with client and supplier relationship. Besides, the company has further assured inventory and broadened the distinguished competencies for the products. Ebay has helped businesses to link with other partners therefore selling products that would be less worth to them (Joyner, 2005 ). A firm with out-of date products is most likely to sell them at a lower value as compared to a company that could sell the same products at a higher value on eBay, for instance 70 cents to the dollar against 15 cents to the dollar. The value of eBay is very inclined. It offers the necessary infrastructures for trouble-free business. Even though major technologies are consolidated, it is necessary to carry out business in local... ... middle of paper ... ...egistered his remains, and another person attempted to auction foetus. Another person who was certainly not known presents a couple of hundreds of pounds for illegal drugs. Many clients on the other hand are unfamiliar with available delivery services neither do they understand the tracking systems (Kanfeld & Harver, 2005). The dynamic feature of technologies and policies has resulted in an increment of international organizational environment which has also brought with it better variety of industries and schemes. Prospective business arena is anticipated to be densely colonized by a diversity of organizations ranging from organizations that trade regionally and globally as well as organizations that trade in fewer as well as others that trade in more countries. Possible projections into the future are also federal firms alongside associations of firms.
General Motors is knocking on the door to world class business performance. Ohmae’s five stages of global operation support General Motors aspirations. From stage one to stage five there are significant differences to becoming a global organization. For instance, stage one, states that a company supports arm’s length customer export activity by a domestic company that links up with local and distributors to function. This stage represents the entry level global corporation. General Motors is at stage 4 of Ohmae’s five stages of becoming a global corporation, because it has exemplified the following traits: Systems and tools used globally not just at headquarters, R&D, Engineering and other business operations have a global focus, and all support functions are applied globally. (MFGO 601, WK. #2 Lecture Notes) An example of Ohmae’s, stage ...
There are many critical factors contributing to the success of a global company. Some significant aspects that I had seized are the global brands (Holt et al., 2004), the distance matter (Ghemawat, 2001), the international strategy (Ghemawat, 20...
Krishnamurthy, S. (2004). A comparative analysis of eBay and Amazon [PDF file]. Retrieved from http://faculty.washington.edu/sandeep/d/amazonebay.pdf
eBay needs to transfer its competitive advantage in the online auction industry into the area of
In today's business environment, there is sustained pressure for companies to maximize productivity in order to be competitive in the marketplace. Many businesses are moving a variety of activities, such as manufacturing and product development, to countries with low labour costs. They are also opening up sales channels in many new markets. The resulting global organizations need to structure themselves, so that they can effectively manage operations across numerous locations. This paper looks at how the organizational structure of a global company influences decision-making at the regional level, and how this can affect the business performance. This paper will:
Svensson, G., 2001. 'Globalization' of Business Activities: A 'Global Strategy' Approach, Management Decision, 39(1), pp.6-18.
With nearly half of the world’s largest corporations, an export rate only second behind China, and the perceived value of American goods by foreign consumers, the need for global marketing by companies in the United States is a necessity. Global marketing expands a company’s market, allowing them to grow, and not only rely on their own country resources and revenues for their success. Companies that expand operations abroad gain benefits to their business such as new approaches to distribution, development of new products, and new insights into customer behaviors. As a nation, global trade provides a way to source needed materials and products that are either not available, or in insufficient amounts to meet the needs of customers.
In conclusion, it can be said that global marketing has been emerged very rapidly in recent years. It has provided various opportunities for the companies to expand their business to the other regions of the word. However, there remain certain environmental issues that need to be considered before entering in to the desired region. These issues can be resolved with designing the strong global marketing plans and strategies, the data for which can be gathered through conducting global market research. Despite numerous issues, one can easily say that globalisation has reduced the global reach of the organizations as well as customers. It would not be wrong to conclude that
and is especially popular among eBay customers. Fig.1 briefly illustrates Company’s business. The system enables its
E-tailing or electronic retailing is a term used to refer to the selling of retail goods and services on the Internet and acts as an addition to e-business, e-mail, and e-commerce (“e-Tailing and Multi-Channel Retailing”, n.d.). This means of commerce can involve business-to-business and business-to-consumer transactions. Generally, revenue from e-tailing transactions is derived from various sources such as the sale of goods and services, through online advertising, and through subscriptions to a website. As a new concept in the virtual workplace, e-tailing requires businesses to design traditional business models to the ever-changing face of the Internet and online user...
The e–tailing business sector is described as “the selling of retail goods electronically over the internet” (DMS Retail, 2011, p.2). Information technology in the e-tail business sector is developing with ” the emergence of standardized Web 2.0 technology and open source software packages, shopping cart and e-tail e-commerce tools have become cheaper, more powerful, standardized and chock-full of all kinds of interactive, multichannel and multimedia features” (E-Commerce Times, 2007, p.1). Major companies such as Dell, Amazon, eBay and Canadian Tire have identified themselves as e-tailing successes because of their understanding of the customer interface and their use of customer information in managing their e supply chain.
This section will describe the nine business model building blocks to illustrate eBay’s internet business model.
E-marketing is a fast growing and rapid platform for any form of business. EBay has been highly successful over recent years and this is a perfect example of an online business. The internal and external environments are constantly changing and in order to keep up with these changes, businesses and organisations must make relevant changes, and generate new strategies to keep up with contemporary developments in e-marketing and to also maintain their position in their market in comparison to their competitors.
International Marketing, at its simplest level, involves the firm making one or more marketing mix decisions across national boundaries (Jobber, 2010). At its most complex level, it involves the firm establishing manufacturing facilities overseas and coordinating marketing strategies across the globe (Jobber, 2010). There are various reasons for going global, some of which are: to find opportunities beyond saturated domestic markets; to seek expansion beyond small, low growth domestic markets; to meet customers’ expectations; to respond to the competitive forces for example the desire to attack an overseas competitor; to act on cost factor for example to gain economies of scale in order to achieve a balanced growth portfolio. The methods of market entry that could be used are indirect exporting (for example, using domestic –based export agents), direct exporting (for example, foreign –based distributors), licensing, joint venture and direct investment. I found this par...
Stonehouse, G., Campbell, D., Hamill, J. & Purdie, T. (2004). Global and Transnational Business (2nd ed.). Chichester: John Wiley & Sons.