...The ASEAN influential adopted the ASEAN economic blueprint at the 13 th ASEAN summit on 20 November 2007 in Singapore to serve as a coherent master plan guiding the establishment of the ASEAN economic community would it affect the locally operating entities? Basically, they can cope up simply because Philippines is one of the most significant exporters of modern services in sectors such as professional and information services they can cope up due to their contacts and the clients. The companies or entities can cope up to the competition by means of doing trades and investments. ASEAN economy began to rise again after they fall from 4.9-5.6 percent in 2010. The ASEAN faces an economic crisis in 1997/1998. The challenge is to sustain the economic recovery. They implement the proper monetary and fiscal policies. (ASEAN Economic Community Handbook, 2012) In a speech delivered at the Nikkei Asian review forum Friday, Purisima underscored the need for the association of Southeast Asian Nations (ASEAN) to invest heavily on infrastructure to maintain its current economic growth trajectory. “From roads and power sources to social infrastructure like health and education, the right investments will enable our young and populous region to take the driver’s seat towards robust global economic growth,” Purisima said.(PhilippineStar) Budget Secretary Florencio Abad noted in this year’s national budget, the Department of Public Works and Highways (DPWH) received the second largest allocation...
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...What are the factors to be put into consideration for a firm trying to enter a new global market As with any new business plan, the first step you should take before crossing borders is to do your homework. Take these 20 critical factors into account before you begin: Factor 1: Get company-wide commitment. Every employee should be a vital member of your international team, from the executive suite to customer service through engineering, purchasing, production and shipping. You're all in it for the long haul. Factor 2: Define your business plan for accessing global markets. An international business plan is important in order to define your company's present status and internal goals and commitment, but it's also necessary if you plan to measure your results. Factor 3: Determine how much you can afford to invest in your international expansion efforts. Will it be based on ten percent of your domestic business profits or on a pay-as-you-can-afford process? Factor 4: Plan at least a two-year lead-time for world market penetration. It takes time and patience to build a great, enduring global enterprise, so be patient and plan for the long haul. Factor 5: Build a website and implement your international plan sensibly. Many companies offer affordable packages for building a website, but you must decide in what language you'll communicate. English is unarguably the most important language in the world, but only 28 percent of the European population can read it. That percentage...
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...strategic plan the internationalization could be possible due to the company has as competitive advantage the quality of the products and their variety, our demand is increasing with the pass of time, also we have in our disposal one supplier per type of product in order to guarantee the quality of the product, also we have a big industrial site showing us that we have the capability for growing more and expands our markets. About human resources it’s important to highlight the high level of education and specialization with is important to make easier our growing company. Now that the company has an economic wellness is the time to think in internationalization. One of the advantages of the internationalization is the diversification our risk by decreasing the domestic dependency and gets benefits from the economies of scale obtaining additional incomes for our company. Furthermore we want to take advantage of the growing flowers demand and be recognized in the international market due to the quality of our products. Internationalizing our company we could obtain more competitiveness and has the access of different sources of information about process that can improve our efficiency in the way we manage and make the products. In order to be ready for the internationalization process the company has to adapt it in order to accomplish the goals satisfactory. As a company we need a strategic plan. First we are going to develop some strategies for the communication plan such as...
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...Processual, Rational, Fuzzy, Evolutionary 1. Processual approach: Strategy is produced in an incremental fashion, as a 'pattern in a stream of decisions'. Fuzzy approach: Companies sometimes adopt an incremental approach to change. What's different between these two approach? The Processual approach is really talking about strategy emerging from the many different day-to-day decisions taken by the staff. It’s incremental, in that it is occurring by being added to with each decision taken. Each decision taken is based on what seems like the best thing to do at the time; and really, only by looking back can you see the pattern – the strategy – being followed by the organisation. The Fuzzy approach is really when a firm has a stated strategy. It is likely to be following a rational approach to strategy, and it may be doing it very successfully. However, at the same time, it might also be doing something outside of its stated strategy too. This is the “fuzzy” aspect. The example on Page 3.28 is of Macquarie Bank, who had a stated strategy of being the leading investment bank in Australia, but was also involved in 6 different overseas countries at the same time. The idea is that there are reasons why this is a good idea – first, the business might want to change their strategy, but rather than trying to change everything at once they take an incremental approach to making the change – changing some things, and then more later etc. A second reason is that opportunities arise...
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...EXPORT MANAGEMENT ASSIGNMENT 1 EXPORT DEVELOPMENT PLAN Summited by Nguyen Thi Lien Huong MSc International Business Management Student Number: 22045933 Main body word count: 1,665 CONTENTS Introduction………………………………………………………………………1. Business and market environment…………………………………………….1.1. Definition……………………………………………………………….1.2. Understanding the environment of a target market…………………….2. Market segmentation and distribution channels……………………………..2.1. Market segmentation……………………………………………………2.2. Distribution channels………………………………………...................3. Financial issues, Export Practicalities and Technicalities……………………Conclusion………………………………………………………………………….References………………………………………………………………………….. | 344577881011 | INTRODUCTION When national economies are more open and trade is increasing both in volume and geography, exporters should recognize huge potential to develop their business. To achieve success in the international market, the initial step is to understand what is important to consider before implementing export strategy. In that context, this assignment aims to provide basic insights that exporters need to take into account. The assignment consists of three main parts focusing on three topics: * Business and market environment * Market segmentation and distribution channels * Financial issues, export practicalities and technicalities In each part, there will be definitions and explanation about the concepts. The assignment also suggests...
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...After Malaya became independent in 1957, they started to take main decisions to achieve their goals through the ongoing progressive plans that would take them to implement the mother plan, step by step to be one the few countries that reach high level of development in a short period. This just is the result of the procedures that have taken place throughout the different aspects, like creating a new federation called Malaysia in cooperation with the neighborhood, increasing their exports and developing this to preserve the exporting of manufactured goods instead of raw materials, Having a low level of wages and the widespread English usage that pave the way to the foreign investments, joining the association of Southern Asian Nations (ASEAN), and improving the social and political situations to support the entire process of the country’s economic revival. Keywords: Malaysia, exports, timbre, manufacture, raw materials, employment, politics, social. MALAYSIA IN THE 1990s (A) 3 Malaysia in the 1990s (A) Malaysia was formed in 1963 by the formulation of the federation of Malay, Singapore (that left the federation after two years), Sabah and Sarawak. Options Malaysia has to achieve its development goals through the ongoing progressive plans. So Malaysia has some options that are: 1) The first option is to increase the export of manufactured goods instead of raw materials. 2) The second option is to stay exporting the raw materials of timbre and rubber. ...
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...Vietnam’s Economic Growth in Renovation Period With the pressure of the economy sinking into economic crisis, the Party and the Government of Vietnam decided to intiate an ecomomic renovation policy in 1986. After over 15 years of reforming economy, Vietnam has gained progresses and important achievements widely recognised inside and outside the country. Overall, Vietnam has shifted from a centralized bureaucracy plan subsidized economy to a market-oriented one, from an economy massively developing state sector and groups to a diverse multilateral open economy, from an economy priotising heavy industries to an economy emphasizing 3 strategic econmic plans: food and foodstuff, consumer goods exports. The economic growing process in the past 15 years can be divided into the following periods : The 1986-1991 period It was the period of transition, having the most important meaning in the process of tranfering from a centralised planning mechanism to a market one in the context of severe socio-economic crisis in the early 80s. In this period, Vietnam had to face many difficulties and challenges. Foreign investment environment of Vietnam was quite open but some points in its foreign-investment laws were still inadequate and failed to meet the demands of foreign investors. Vietnam’s facility was outdated, not being suitable for its integration into the regional and the world’ecomony. The heavy bulky management mechanism with spead beraucracy was one of the great hinders to investors...
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...Structural changes to arrest the Rupee’s slide: Usman Khan 51C Indian Institute of Foreign Trade, Delhi September, 2013 I would like to put forth the following arguments as structural changes that could help in arresting the rupee’s slide: The major cause for concern which has affected the rupee’s slide in the past few months has been the fiscal deficit that the country has been faced with, and it must immediately find alternatives to finance the current account deficit. The government has announced plans to of doubling the gas prices it will pay to the producers effective April 2014. The twofold objectives of this proposal are: 1) To incentivise investment in exploration and production. 2) To minimize outflow of foreign exchange due to import of expensive liquefied natural gas. Both of the above mentioned reasons are driven by the concerns about the current account deficit, which was 5% of GDP in the year ended March 2013. A major reason of it is the huge imports of oil and gold. However just reducing consumption of such items will not help in solving the problem completely. Import duty on gold has been quadrupled over the past few years but that has had very little impact on curbing the domestic demand for gold. Apart from oil and gold, we must focus on other significant items that contribute to the widening fiscal deficit, and these factors are equally structural and policy induced. Firstly, India has the third largest coal reserves in the world and yet it imported...
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...Introduction Learning Team A, prior to moving forward with plans to expand internationally to the country of Moldova, located in Eastern Europe, will conduct a country risk assessment. Any organization contemplating a business venture into a foreign country could encounter multiple risks. Therefore, prior to embarking on an international expansion, extensive, in-depth research of the target country is a necessity for success in the foreign marketplace. Team A will conduct a risk analysis of Moldova and its winery production and analyze all aspects of risk involved from entry to an exit plan. This paper will also describe the market risks and include a SWOTT analysis of the country. Political, Legal, and Regulatory Risks BDSD will encounter several risks when entering Moldova on a business level. A political risk is the current inability of the country’s parliament to elect a president. The country, divided over the election of leaders, disenchanted with the current leadership, and facing ongoing power struggles with neighboring countries has caused political deadlock. In addition, Moldova faces internal uprisings and tense relations with other nations in the region. If the country does not elect a president this year then the Moldovan Constitution calls for the dissolution of parliament. Dissolving parliament could have the potential to cause an uprising of the population creating an uncertain political forecast for the country (BBC News 2011). The legal risks of...
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...1. Case summary: Russia used export taxes on oil after the fall of Soviet Union which caused a huge GDP declined. After that the new Russian government freed most consumer and producer prices and this abolished the state foreign trade monopoly. The export and the value add were proven as the largest sources of tax revenue for the Russian. Government reduced income tax after implementing this strategy. This strategy accelerate the GDP increase and the budget revenue doubled from 12%-24%. Only for this reason Russian fiscal balance had shifted from a deficit of 6% to a surplus of 9% of GDP. These proved that in Russia export duties and other taxes on energy producers provide the largest sources of tax revenue which is centralized in the federal budget. Major Problems with the Oil Industry In 1991, after a long period of economic and political stagnation, the Soviet Union collapsed. The energy industry contracted along with the rest of the Soviet economy. Oil production in 1996 was less than 6 million barrels a day – about half of pre-1990 levels. This contraction was partly due to the overall slowdown in the Russian economy that caused a decrease in energy demand. The energy sector also suffered because of the inefficiencies inflicted upon the Russian economy during the administrative-command system of the Soviet Union and the reluctance of post-Soviet governors of Russia to implement policies that would remedy these inefficiencies in an era of otherwise open market conditions...
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...next five years. Achieving this target would require the considerations and a careful study of the major threat or problems that the business is, and is going to face. Competition is on the top list, distribution of the product both locally and internationally through export-consolidators considering the quality standard, the increasing worldwide trend towards health consciousness which negates the consumption of processed snack foods and the stricter health and sanitary requirements on the import goods of the export markets are the major threat that must be resolved or given action. The analyst had come up with the recommended plan of action that could counter strike the above mentioned threats or problems. A strong campaign for marketing strategies to promote the product and gain the competitive advantage, a nationwide distribution of the product must be targeted, a continuous innovation of the product focusing on its quality and standards that could surpass the export requirements and of course considering to go with the direct exporting which will require additional cost and risk but would guarantee a sure return and the health and sanitary requirements that must be devotedly met and complied. With this plan of actions and with optimization of its own strength and strategies, Lindo Enterprises will continue to maintain its position in the...
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...TABLE OF CONTENTS Introduction ................................................................................................................................. 3 Terms of Reference ..................................................................................................................... 4 Executive Summary ................................................................................................................... 5 Production and Consumption as Social Processes Generating Waste ..................................... 6 Economic Instruments for EMS .................................................................................................. 10 Strategy ..................................................................................................................................... 13 Conclusions and Recommendations .......................................................................................... 19 References ................................................................................................................................. 20 Prepared by: Dr. Michael Witter Economist Economic Incentives for Implementing Environmental Management Systems in Jamaica 1 Economic Incentives for Implementing Environmental Management Systems in Jamaica 2 INTRODUCTION The Jamaican economy at the dawn of the twenty-first (21st) century is a very open extensively liberalized marketplace in which Jamaican enterprises are being...
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...Serbia Serbia has some major challenges ahead. According to Serbia’s current economic stature, there are many key responsibilities to prevail. A local city in Serbia created an LED (Local Economic Development) which includes a strategy in order to employ 25,000 people who previously lost their jobs in the economic crisis. Although, the LED plan lacked feedback and input from its fellow citizens, the approach is now receiving more attention from citizens who are in debt and also those who receive minimal or no income. Serbian government officials are trying to implement this and “a task force was formed for each area in order to develop a detailed plan to be incorporated into the overall LED strategy.” The country’s inflation rate in terms of consumer prices has increased from 6.3% in 2010 to 7% in 2011. This means that there is a general increase in prices causing a decrease in the purchasing value of money. Therefore, people are spending too much money and going into debt, ending up not being able to support their families. During recent times, there have been some high government expenditures for salaries, pensions, and unemployment. There is a growing need for new government borrowing and an increasing amount of public and private foreign debt. Another drawback in the country’s economy is the stagnant levels of foreign direct investment. There has been little activeness and much more unnecessary stationary movement in the economy. The inert movement is mainly due to a high...
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...Stark Motors Corporation Export Plan Date April 17, 2016 Noel Bogle Mary Vizcaino Esther Desire Rey Marcellus Lawson Table of Contents Executive Summary (3) Introduction: Exporting Decision (4) I Export Policy Commitment Statement. (5) Vision Statement. Short and Long term Goals. (6) II Background Analysis. (6) III Marketing Strategy (10) IV Tactics-Action Steps (14) V Export budget. Balance Sheet (15) VI Implement Schedule. PERT, table schedule, time, dates (20) Addenda Background Data on Target Countries and Market (21) Executive Summary Stark Motors Corporation was founded in May 1944 and is America’s oldest manufacturer of motor vehicles. From humble origins making bicycles and motorcycles, Stark has grown – as part of the dynamic, global Stark Automotive Group – to become the world’s fifth largest vehicle manufacturer. Today, Stark produces more than 1.4 million vehicles a year at 14 manufacturing and assembly operations in eight countries. These vehicles are sold and serviced through a network of more than 3,000 distributors and dealers covering 172 countries. The Corporation has more than 40,000 employees and annual...
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...business can reap many benefits, including offsetting sales declines in the domestic market; increasing sales and profits; extending their products’ life cycles; lowering manufacturing costs; improving competitive position; raising quality levels; and becoming more customer oriented. 2. Describe the principal strategies for going global. Perhaps the simplest and least expensive way for a small business to begin conducting business globally is to establish a site on the World Wide Web. Companies wanting to sell goods on the Web should establish a secure ordering and payment system for online customers. Trade intermediaries such as export management companies, export trading companies, manufacturer’s export agents, export merchants, resident buying offices, and foreign distributors can serve as a small company’s “export department.” In a domestic joint venture, two or more U.S. small companies form an alliance for the purpose of exporting their goods and services abroad. In a foreign joint venture, a domestic small business forms an alliance with a company in the target area. Some small businesses enter foreign markets by licensing businesses in other nations to use their patents, trademarks, copyrights, technology, processes, or products. Franchising has become a major industry for the United States. Successful franchisers have learned to adapt their products and services to suit local customers’ tastes. Some countries lack a hard currency that is convertible...
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