communication and marketing to target international consumers. The increased use of smartphones also enabled customers to access global markets. All these factors act as driving forces for economic globalization. Economic globalization is one of the three main dimensions of globalization, generally discussed in academic literature. The other two are political globalization and cultural globalization. Economic globalization is defined as, “the increasing economic integration and interdependence of national
Foreign Policy in relation to Economic Diplomacy Today’s governments are facing immense competition from other actors such as religious groups, private sector, media, immigrants and all other possible entities of the civil society who are demanding from the government that they do have a say in making and implementing foreign policy. Economic diplomacy which is gradually overtaking the politics oriented traditional diplomacy. With the growth of transactional economic interactions, the world market
assist SMEs in achieving globalization. The research builds on the theoretical framework that globalization is a key factor contributing to the success of SMEs. Data will be collected by distributing a standard questionnaire to a select group of business consultants who specialize in relocation or globalization of SMEs. The findings of the survey will be used to identify the constraints to global expansion and develop a practical approach to overcome these hurdles. 1.5 RESEARCH OBJECTIVES The objectives
evaluate the extent to which British Bulkers applies CSR in its business, both secondary and primary research was held. More specifically, secondary information about the company was collected through its corporate website. Moreover, online sources were used to analyze the external environment of British Bulkers, while articles and textbooks were also used, in order to analyze the importance of CSR in business in general and the shipping business in specific. As far as primary research is concerned, this
continuing commitment by business to behave ethically and contribute to economic development while improving the quality life o the
Introduction The main business of the airport is to manage, operate and maintain the airport and provide related services. Other activities include duty-free and duty-free shops, management and motor sports and recreational activities, hotel management, management, cultivation and marketing of palm oil and other agricultural products, engaged in gardening, providing food and beverage management services at designated airport stores, providing operations and maintenance Information and communication
of risk The Apple Company has faced various risks to its performance whether the risk is known or unknown that can affect project or business performance such as financial condition, operating results and stock price. The first risk that possesses by Apple Company is an economic risk through the consumer and business aspect. This is because the bad global economic conditions affect consumers and businesses have declined their demand of company products and services in response to tighter credit,
INTERNATIONAL BUSINESS International business is largely defined as business carried out across the globe which involves commercial transactions between two countries or regions. These commercial transactions are undertaken by private companies and governments alike to earn profits. Cross border transactions undertaken by International business have following in common characteristics: • Product presence in different markets globally • Production bases across different countries • Diverse human resource
the impact of management in the globalization of business. what is management? The organization and coordination of the activities of a business in order to achieve defined objectives. Management is often included as a factor of production along with machines, materials, and money. According to the management guru Peter Drucker (1909-2005), the basic task of management includes both marketing and innovation. WHAT IS GLOBALIZATION Fundamentally, globalization is the closer integration of countries
1.1.1 Introduction to International Human Resource Management: Globalization as a concept has become very popular with organizations the world over. Many companies across the world are transcending national boundaries to enter the world of International business. International business is characterized by largecompanies, fierce competition and greater challenges. These companies are therefore compelled to integrate their Production, Finance, Marketing, Research and Development activities in a careful