...Global Finance Environment Paper FIN/403 May 4, 2008 Globalization refers to the merging of national markets into one huge global marketplace. In today’s market, selling internationally is much easier due to falling barriers in cross-border trade. Now businesses don’t have to be industry giants to operate and succeed in global markets. Although it can be beneficial to offer a standard product that can be used worldwide, significant differences still exist between national markets such as cultural differences, consumer taste differences, product preferences and legal regulations. It is important to define and understand these differences when merging into national markets. Globalization is inevitable and it’s happening at an astonishing speed in nearly every market possible. The technology era that we are in has enabled businesses to join forces like never before and we are seeing significant changes in the global marketplace. There are main drivers in globalization and this paper will define three of them, as well as describe the risks associated with financial investing, and explain the importance of cultural sensitivity and ethics in global finance. Drivers of Globalization Market drivers Domestic markets are saturated and growth opportunities are often times limited. Expanding globally opens up many new opportunities allowing for real growth within a business. The following lists in detail the specific market drivers that play a key role...
Words: 1180 - Pages: 5
...Introduction Sweden has accomplished a desirable standard of living under a mixed system of high-tech capitalism. They have excellent internal and external communications and a highly skilled labor forces. Compared to Finland, which has a highly industrialized, largely free-market economy and is one of the best performing economies within the European Union. They were able to avoid the worst global financial crisis in 2009 (The World Factbook, 2015). Both Sweden and Finland are part of Nordic Europe on GLOBE society/culture cluster. Although they shared the same region with dynamic and energetic culture, there are many differences between the two countries that make each individual country unique. The GLOBE scores on society level, culture and leadership style on each dimension shows many similarities yet many differences as well. Assertiveness Sweden scored 3.38 and ranked 61st globally. This demonstrates Swedish society does not emphasize on rewarding performances. Compared to Finland, they scored 3.81 and ranked 47th globally. This demonstrates the Finnish are neither dominant nor aggressive in their social relationships. Many countries characterized Finland as a “cultural lone wolf” (Chhokar, J., Brodbeck, F., House, R., 2007) Future Orientation Sweden scored 4.39 and ranked 9th globally. Sweden’s society encourages and rewards future-oriented behaviors. For instance, Sweden prefers its society to plan and invest in the future, and delay gratification. They are more concern...
Words: 1057 - Pages: 5
...Technology(IJAET) ISSN 2231-1963 CALL FOR PAPER IJAET is a carefully refereed international publication. Contributions of high technical merit are to span the breadth of Engineering disciplines; covering the main areas of engineering and advances in technology. IJAET publishes contributions under Regular papers, Invited review papers, Short communications, Technical notes, and Letters to the editor. Book reviews, reports of and/or call for papers of conferences, symposia and meetings could also be published in this Journal Author Benefits : • • • • • • Rapid publication Index Factors and Global education Index Ranking Inclusion in all major bibliographic databases Quality and high standards of peer review High visibility and promotion of your articles Access of publications in this journal is free of charge. PUBLICATION CHARGES: A small publication fee of INR3500 upto 10 pages is charged for Indian author and for foreign author is USD 100 upto 10 pages for every accepted manuscript to be published in this journal. All the transaction Charges will be paid by Author (Inter Banking Charges, draft). Submission Guidelines: Guidelines Authors are kindly invited to submit their full text papers including conclusions, results, tables, figures and references. • The text paper must be according to IJAET Paper format and paper format can download from our website (www.ijaet.org).The Full text papers will be accepted in only .doc format. • The papers are sent to the reviewers for...
Words: 367 - Pages: 2
...are often used interchangeably to describe work which previously was done with paper, but which now has been adapted to information & communication technology (ICT) devices and software. The Information Technology Association of America (ITAA) has defined information technology (IT) in the electronic era as "the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware." IT entails processes involving the use of computers and software to create, convert, store, process, transmit, and retrieve information securely. The term has recently been broadened to ICT (Information and Communications Technology), so as to include the idea of electronic communication. To be paperless means essentially that the traditional paper-based practices-such as writing, note taking, reading, editing, communicating, and even drawing-are instead performed electronically with ICT devices and software. Much has been said and written about the paperless office in recent years, and the rapid development of ICT is enabling an increasing number of paperless practices. The relationship between paperless work styles and ICT is intimate and interdependent; a paperless work and lifestyle cannot be implemented without ICT, and the use of ICT should naturally lead to becoming paperless. Paradoxically, however, the consumption of paper has increased exponentially since the advent of personal...
Words: 2014 - Pages: 9
...expect some (most or all) of us will feel strongly about certain issues, we need to treat each other respect even if we disagree. Be careful with the words you choose and your delivery. We don’t have to agree but we do have to treat each other with respect. Objectives * Students will be familiar with writing for different audiences. Part of the UHWO GLOs (General Learning Outcomes) requires students to effectively communicate information for an intended audience. The UHWO catalogue explains that part of being able to effectively communicate information will necessitate utilizing different type of information literacy. * We will become familiar with using primary and secondary texts in our research papers. This course will ready students for their future term papers as they continue their journey at UHWO. * Students will learn the...
Words: 800 - Pages: 4
...Collapse Informatics: Response Paper • Collapse Informatics: Augmenting the Sustainability & ICT4D Discourse in HCI (Tomlinson et al., 2012) • Looking Past Yesterday’s Tomorrow: Using Future Studies Methods to Extend the Research Horizon (Mankoff et al., 2013) Both papers are dealing with future scenarios and stressing the likelyhood of a collapse if humanity proceeds its current way of living. The papers provide starting points to investigate in the preparation for humanity if such an event will come true. While the paper by Tomlinson et al. (2012) is introducing a completely new notion for studying, designing and devloping sociotechnical systems in the abundant present for use in a future of scarcity, the second paper by Mankoff et al. (2013) presents methods that can support the analysis of long-‐ term trends, support the identification of new...
Words: 606 - Pages: 3
...Improve Leadership Skills Free Essay, Term Paper and Book Report Self-Reflection Essay What better way exists to examine key concepts of organizational behaviour than to reflect on one's own experiences and beliefs as they apply to workplace successes and failures? In this report, I intend to review a variety of theories relative to organizational behaviour by considering each in relation to my own experiences as a mid-level manager. This reflection will focus primarily on three themes including personality, working in groups, and leadership. Throughout this report, I will consider my own personal strengths and weaknesses, attempting to determine how each affected situational outcomes. Many of these strengths and weaknesses were highlighted through a series of self-assessment exercises completed as part of the "Prentice Hall Self-Assessment Library" (Robbins and Judge, 2007), the results of which will be regularly referred to in this report. In closing, I will summarize areas requiring continued personal effort in order to ensure ongoing development and both personal and professional growth. Personality Personality seems a logical start...... Word Count: 3238 Page Count: 12.9 (250 words a page / double spaced) What is Your Time Worth? Get INSTANT UNLIMITED ACCESS to this Essay and 15,000 other Essays & Term Papers . Only $12.99! View This Essay Now Get instant access to this essay paper and 15,000 term papers, essays, and book reports for only $12.99...
Words: 512 - Pages: 3
...Environment - how can you help to protect it? Environment is an important part of human life and a healthy environment is a must for human existence. Therefore, it is crucial that we take care of our surroundings and help nature maintain ecological balance so that we could hand over to the coming generations the environment as we found it, if not any better. Our planet is changing. There are a lot of things that affect our planet in a bad way but the good news is that everyone can help to reduce them and do their bit for the environment. While exploring six important topics that affect our community : Electricity (Energy), Pollution, Food, Water, Rubbish, Rainforest, I'll present the damage and a list of ways that we can all contribute to help our planet get better. 1. Electricity Energy is everywhere. We use energy to move the mouse for a computer, to jump and shout and walk and run. It takes energy to power a light bulb, and the light that the bulb gives off is also a form of energy. Other forms of energy include heat, chemical energy, gravitational energy and nuclear power. Electricity is a form of energy and this is what powers the TV, the kettle, dishwasher, hairdryer, toaster, remote control, mobile phone, fridge, stereo, electric toothbrush, and more. Our growing need for energy is one of the problems facing the world today, because producing electricity also produces our next topic - pollution. How to help? When you’re using electricity think about where it comes from...
Words: 2174 - Pages: 9
...A major issue in our society currently is the depletion of our global resources. We consume our resources faster than they can be replenished. For example, pollution, overconsumption, deforestation, and consumption of fossil fuels. Natural resources are essential to our survival, thus one way to assist in minimizing the overconsumption of those resources is the paper processor. The paper processor is a technological advancement that minimizes the usage of water, a precious global resource, in the production of paper. Businesses will be able to produce paper of various types and sizes using less than one cup of water, the typical amount used to produce paper now. A minute amount of water will be used to maintain the humidity inside the system to ensure an efficient, energy-saving machine. Not only is water an extremely limited resource, but deforestation is an issue, as well, in today’s society. The paper processor will aid in depleting the need to acquire more trees for paper production. This system will be able to convert used paper into a new, ink-free sheet. The machine will achieve this by transforming waste paper into thin, cotton-like fibers and binding them back together to increase the strength of the paper and to add whiteness. With the paper processor businesses can look into shortening the recycling process. Typically, paper is sent from office buildings to a recycling facility, but with this machine that step may be eliminated. The new recycling process will be...
Words: 374 - Pages: 2
...MINI-CASE: NINE DRAGONS PAPER1 The Global Recession "This time is really different. Large and small are all affected. In the past, the big waves would only wash away the sand and leave the rocks. Now the waves are so big, even some rocks are being washed away." - Cheung Yan, co founder and Chairwoman of Nine Dragons Paper2 The first week of January, 2009, was proving to be a challenge for Nine Dragon’s Paper. The company had to repeatedly deny rumors that it was on the edge of bankruptcy. A variety of media reports over the past two weeks had reported that the company’s inability to service its debt would lead to a bankruptcy filing. Incorporated in Hong Kong in 1995, Nine Dragons Paper (Holdings) Limited, had become an international powerhouse in the paper industry. The company's primary product was linerboard, with a product line including kraftlinerboard, testlinerboard and white top linerboard in a portfolio of paperboard products used to manufacture consumer product packaging. The company had expanded rapidly and spent extensively. But by January 2009 the world economy was spiraling downward. Squeezed by market conditions and burdened by debt, Nine Dragons Paper (NDP), the largest paperboard manufacturer in Asia and second largest in the world, saw its share price drop to HK$ 2.33, 90% off its high and less than half of book value. As the economic crisis of 2008 bled into 2009, export-oriented industries suffered. Rumors had been buzzing since October that NDP was on...
Words: 3025 - Pages: 13
...elasticity and revenues (With example of ITC paperboard & specialty papers division) BY Indian Paper Industry Structure: * The Indian paper industry accounts for about 2% of the world production of paper & paperboard; currently ranks 15th in the world. * Estimated turnover of Rs. 25,000 crore approximately; contribution of about Rs. 2920 crore to the exchequer. * The industry provides employment to more than 0.12 million people directly and 0.34 million people indirectly. * Over 800 players are currently present in the industry and the total estimated capacity is about 11.1 million Metric Tonnes. * Most mills in India are small; a few mills have integrated manufacturing operations or the facility for manufacturing paper from pulp. This, along with government policies, has resulted in the industry becoming highly fragmented, with a large number of companies having small capacities. * The Indian paper industry had been classified on the basis of size, grades manufacturers and raw materials utilized. The Indian paper industry is chiefly categorised into writing and printing (W and P), paperboard and newsprint, of which paperboard accounts for the largest share of market in volume terms, while W and P is the largest in value terms. This industry is highly fragmented. Wood-based pulp, wastepaper and agri-residues are the main raw materials used to manufacture paper. As domestic wood supply is inadequate compared to demand, and wastepaper...
Words: 2063 - Pages: 9
...care corporation that produces mostly paper-based consumer products. Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrextoilet paper, Wypall utility wipes, KimWipes scientific cleaning wipes, and Huggies disposable diapers. Furthermore, leading brands sold in more than 175 countries and more than 142 years in business. Based in Irving, Texas, it has approximately 42,500 employees working at manufacturing facilities in 37 countries. Nearly one-quarter of the world's population purchase our products every day. Kimberly-Clark UK holds Royal Warrants from Queen Elizabeth II and from the Prince of Wales in the United Kingdom. Kimberly Clark is also listed among the Fortune 500. Subsidiaries under Kimberly-Clark include Kimberly-Clark Health Care and Kimberly-Clark Professional. Kimberly-Clark Innovations (Discovering new ways to provide essentials for a better life) At Kimberly-Clark, insights gained from our customers, shoppers and users drive us to continuously explore ways to increase our speed to market with new-to-the-world essential solutions. Developing and acquiring new technologies and leveraging strategic partnerships and alliances has enabled us to create innovative product and design solutions across our consumer tissue, personal care, health care and business-to-business segments. Consumer Tissue: With the inventions of Scott bathroom tissue, Scott Paper Towels and Kleenex facial tissues...
Words: 4756 - Pages: 20
...today. They have contributed to our world civilization’s achievements in the fields of agriculture, shipping, astronomy, printing, oil, martial arts, ammunition, and mathematics. Ancient Chinese inventions such as gunpowder, silk, paper, printing, tea, wheel barrow, iron plows, deep drilling, porcelain, toilet paper and the compass were and still are important pieces of Chinese and global life. These inventions were major blocks in the building of the world that we know today. The four main innovations that I consider essential in our lives are printing, gunpowder, compass, and paper. The method of printing and woodblock, or movable, printing are considered ancient Chinese inventions. This ancient Chinese invention was seen before the first dated book in 868 (Lad). Printing books was time-consuming, as the blackline method used required a new block to be carved for each page. Movable type in printing was invented during the Song Dynasty. Movable Chinese characters were carved from wood, which could be arranged as needed and even reused. Later versions used clay, but these broke easily. During the Ming Dynasty, the wooden movable type was refined and books were printed using the two-color printing process. After the development of paper, printing was one of the most important inventions as it led to expansion in spreading stories, news, and knowledge. Another innovation that changed the world was gunpowder. Gunpowder is believed to be development as a by-product...
Words: 985 - Pages: 4
...of textbook (Paper Life Cycle, 2011) Step 1 (Forest) Firstly, the producer will seek materials for making papers, the woods is the main material of making papers. The manufacturers will purchase lots of woods from the supplier of trees to progress their papers. So that the, supplier will cut down the trees from the forest instead to supply to the producers. When these happened, if the landowners failed to practice sustainable, this will cause the failure of sustainability of managing forest and damaged to the environment heavily (Life Cycle, 2011). Step 2 (Transportation) Secondly, after harvested the trees and clean up and get the woods ready for deliver to the paper manufacturer. The woods would be store in an inventory before gather up and transfer to the manufacturers. This step requires the machine to arrange and pick to the transportation or inventory which is man power hardly to do. The woods will deliver to the manufacturer accordingly to the quantity of order. During this step, the social impact toward the society could be offered job opportunity and not much impact to the environment (Life Cycle, 2011).. Step 3(Paper Making) Thirdly, the process is to remove all of the bark from logs. Afterward chipping the logs, we cook the wood chips in a large vessel under pressure with heat and chemicals. When the cooking is complete, the pulp is washed to separate the fiber from the lignin and cooking chemicals. Then come to the paper making process....
Words: 1770 - Pages: 8
...Yelyzaveta Tymchenko Dale Williams English 1020-101 July 4, 2013 Should e-books Take Over? In the current world, it is hard to see people with paper books in their hands. But people with smart phones, PC’s and other technological innovations can be seen in every place. Is it true that nobody is reading paper books in the world anymore? Some people say that e-books are more ecological and useful because there is no need to waste paper. However, others have a different opinion, and think that nothing can replace traditional books. Some people argue that there is no need in paper books anymore, while others people argue that there is need in paper books, and that it is more beneficial than e-books. There are two main words that need to be defined: traditional books and e-books. Today, most of the people are familiar with the term book. On a daily basis humans are using books for information, studying, researching or just for reading during their leisure time. A book is defined by Oxford dictionary as “a written or printed work consisting of pages glued or sewn together on one edge and bound in covers”. It is a literary composition that is published or intended for publication as such a work (Oxford dictionary). Also, the term book can be referred to some literature works. In science a book can be called a magazine, journal or newspaper. However, as society grows everything is starting to improve, for example different technologies and even knowledge about certain things. ...
Words: 4139 - Pages: 17
