6.0 INTERNATIONAL TRADE FINANCE Learning Objectives: At the end of the subject coverage learners should be able to: • Explain the ways in which international trade is undertaken, settled and financed; • Identify the types of customers engaged in international trade and their needs; • Explain the features and benefits of services provided by banks and other financial institutions in facilitating international trade; • Explain international payment
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1 Globalization and Cultural Reassertion in Karnataka “I do not want my house to be walled in on all sides and my windows to be stuffed. I want the cultures of all lands to be blown about my house as freely as possible. But I refuse to be blown off my feet by any.” —Mahatma Gandhi 1. Introduction Globalisation is a generalised term for a complicated series of economic, technological, social, cultural and political changes, seen as the ever- increasing interdependence and integration among
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| Introduction: Definition Cultural Diversity From our increasingly diverse domestic workforce to the globalization of business, cultural competence is arguably the most important skill for effective work performance in the 21st century. According to de Woot (2000), companies in the industrial, financial and service sectors have to cleared most obstacles in the globalization process: that of size, that of time, that of complexity, and finally that of information and communication. Because
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Case Analysis: Chapter 3 Closing Case BUSN 427 March 6, 2014 1. What were the triggers of cultural change in Japan during the 1990s? How is cultural change starting to affect traditional values in Japan? In the 1990s when Japanese economic growth slowed down for a long time firms were forced to change the way of doing business. They started to fire older employees. The younger generation, which grows up wealthy, saw this process and concluded that loyalty to one company might be not the
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between regional subsidiaries – Regional cooperation between subsidiaries Disadvantages – Relatively high risk of ‘federalism’ and loss of control – Lack of global perspective – Lack of mobility of expats between HQ and regional subsidiaries Geocentric Policy • Based on the premise of global perspective • Recruits come from anywhere in the world • PCNs, HCNs and TCNs are found in all key positions • Used at globalization stage Advantages – Global perspective helps to develop an international
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presenting the similar marketing strategies internationally is said to be the standardization approach. As stated by Vrontis & Thrassou (2007), the needs and wants of the consumer does not fluctuates among many of the countries. Moreover, the globalization has playing a great part in escalating the similarities and reducing the differentiations. However, adopting the standardization approach lower down the costs of the organization. Moreover according to (Lundeteg, 2012), standardzied strategy could
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Thailand has advantages in terms of transport costs to the U.S. market. Producing here is equivalent to producing in China in terms of distance between U.S. and Asia but productivity of labor is a lot higher in Thailand although labor cost is a disadvantage. As Natuzzi sells its products mainly in US and Europe
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Table of content Part 1……………………………………...…………………….…………2-5 Advantages of harmonization…………………….…….2-3 Disadvantages of harmonization……….…………...…3-5 Part 2…………………………………………………...………...…………6-8 Importance………………...…………….………….….6-7 Challenges in reducing disclosures……………………7-8 Reference……………………………………...……………………………9-10 Coursework Part 1: Harmonization of international accounting standards Every organization has their own accounting
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compensation, and performance appraisal, are closely aligned with each other and also with the overall strategy of the organization. This new approach of managing human resources has introduced a more strategic role of HRM in an organization. Globalizations, technological advance, changes in the nature of work, changes in workforce demographics are the factors that demand more strategic role of HRM in management. In order to play a more strategic role as a HR manager you need to involve in many
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CHAPTER 1 E-Commerce in Context (Past, Present, Future) Reference Materials Text Strauss J & Frost R 2009, E-Marketing, 5th Edition, Pearson Education, Inc. Marketing implications of internet technologies • The internet has properties that create opportunities beyond those possible with the telephone, television, postal mail or other communication media. • This can be seen in terms of global reach (worldwide partnership, employee collaboration and salesperson telecommunicating)
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