which we selected before, we decided to use PEST to analysis environment in cosmetics industry. P “P” means political. Generally, politics will give great impact on firms’ activities. The factor includes political institution, policy and law. These elements usually influence company’s operation, thus, the enterprise should pay attention to several issues bellow: * Whether the political environment is stabilizing? * Will government policy influence laws that regulate or tax your business
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International Business Chapter 1 What is international Business Key Concepts In International Business * International Trade - describes the exchange of products and services across national borders * Exchanges can be made through exporting or can also take the form of: * Importing or Global Sourcing - the procurement of products or services from suppliers located abroad for consumption in the home country or a third country. * International Investment - refers to the transfer
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JAPAN’S ECONOMIC MALAISE: DISCUSSIONS The banking sector of Japan played in Japans’ stagnant economy. The banking sector engaged in risky lending’s especially during the asset price boom. When the asset price boom collapsed the banking sector was left with a lot of bed debt and to make matter worse the sector went further and contracted the lending. The poor supervision by Japan’s government in terms of fiscal policy also played a pivotal role in the risks taken by the banking sector. The stock
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environments, that is the starting point for country analysis. In this view, nations have strategic purposes, the capacity to mobilize resources, and the power to affect their economies. The country analysis framework has three interrelated components: strategy, performance, and context. Each of these has economic, political, and social dimensions. All governments have a national strategy composed of explicit or implicit goals and a set of policies to achieve those goals. These lead to performance
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potentially unfeasible, but may result in findings that are neither significant nor meaningful. Research supervisors often face difficulties in explaining and resolving these common pitfalls in research proposals. This paper proposes the use of Political, Economic, Social and Technological (PEST, also often referred to as STEP) analysis as a tool to identify narrower contexts and focus research questions around feasible and meaningful regional contexts. It illustrates this process with the results
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because both help in improving a person’s life. For example a skill in particular field could help a person get a job and that brings in money which could be used to feed the family. Adam Smith a Scottish moral philosopher and a pioneer of political economy defines four types of fixed capital (which is characterized as that which affords a revenue or profit without circulating or changing masters). These capital are: 1) useful machines, instruments of the trade; 2) buildings as the means of
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impact of globalization and the knowledge-based economy forces developing countries to join the world economy system, and the situation for them is much more difficult than before. In general, the level of development in the modern world is measured by the following indicators: First, high speed of change and the faster pace of shortening in the production and technology cycle. Second, the global network structure and the complex nexus of the world economy. Third, conditions for economic development
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much talk about globalization, economic liberalization and economic integration of the Indian economy with the world economy. Specially after the completion of Uruguay Round of trade negotiations in April 1994 and the establishment of the World Trade Organization in January 1995, many issues have been raised regarding India's participation in world trade in future, its integration with the world economy and the likely cost and benefits from the integration. Meaning Globalization, in brief
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Ukraine is a relatively young independent country that had to build up its own sovereignty, its social, political and economical life under a strong influence of communist totalitarian system of the former USSR. Nowadays, Ukraine is in a very difficult situation, particularly in the context of recent presidential elections. Ukrainian economy is really in a big trouble because what we have observed since 1991 when this country got its independence may be characterized by one word – stagnation, though
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location, the prices of products, the distribution system, or the personnel policies. Hence it is important to learn about the various components of the business environment, which consists of the economic aspect, the socio-cultural aspects, the political framework, the legal aspects and the technological aspects etc. In this chapter, we shall learn about the concept of business environment, its nature and significance and the various components of the environment. In addition, we shall also acquaint
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