International Business - 4596 Words

CASE I ARROW AND THE APPAREL INDUSTRY 1. Why did Arvind Mills choose globalization as major route to achieve growth when domestic market was huge? Answer The reasons of choosing global market by Arvind Mills are: 1. Market seeking motives, such as exclusiveness of product and service with high productivity, stringent in-line quality control and an encouraging manufacturing atmosphere. 2. Economic motives, such as profit making by implementing cutting edge technologies to achieve economies of scale and spreading RD costs. etc. 3. Strategic motives, such as buying-up of sick units, departing worldwide and gaining German and US brand names. 2. Hoe does lifting of Country-wise quota regime’ help Arvind Mills? Answer The†¦show more content†¦Connecting these initiatives, there should be a commitment to enlarge the scope of innovation and to create environment conducive to Productivity. Productivity may be the outcome of techno-managerial practices, but eventually is the result of a mindset. Basic to this approach is the conviction that there is no limit to improvement. Even the best can be improved. The crucial ingredient is the preparedness of the human mind to change. Therefore, workers, managers, policy makers and others should be ready to continuously and collectively work for productivity improvement, not only in every economic activity, but also in every human endeavor for the development of the society as well as the country. Needless to mention, as we graduate further into knowledge era, traditional methods and principles will become increasingly ineffective and we will have to innovatively augment productivity both at micro as well as macro level to realize a global competitive edge. 2. Pick up some Indian servicesShow MoreRelatedInternational Business Ventures2671 Words   |  11 PagesInternational Business Ventures Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. For growth to be optimal, management must first be able to identify the most attractive prospective leadsRead MoreChallenges of International Business Management1037 Words   |  5 PagesCHALLENGES OF INTERNATIONAL BUSINESS MANAGEMENT What are the challenges of International Business Management? International business management is a term that is used collectively to describe all commercial transactions which include; †¢ Private †¢ Governmental †¢ Sales †¢ Investments †¢ Transportation The above take place between two or more nations. It involves all business activities which partake in cross border activities of goods, services and resources between nations. PrivateRead MoreInternational Business1578 Words   |  7 PagesInternational business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nationsRead MoreInternational Business And International Marketing1457 Words   |  6 PagesInternational business compares all commercial transactions like private and government, investments and sales and transportation which take place between two or more regions , nations and countries beyond their political boundries.simply international business is exchange of goods and services among business and individual in multiple count ries. International business such as an essential subject for students around the world because international business is vital ingredient in entrepreneurshipRead MoreInfluential Factors of International Business and International Business Environment4145 Words   |  17 PagesA Business Growth and Strategy Project On INFLUENTIAL FACTORS OF INTERNATIONAL BUSINESS AND INTERNATIONAL BUSINESS ENVIRONMENT By: Ankit D Jethani 6937 Business Environment consist of every factors influential to the business operations. These factors are classified into two broad categories. These are: a) External or UncontrollableRead MoreInternational Business Environment6667 Words   |  27 PagesModule specification INTERNATIONAL BUSINESS ENVIRONMENT Code: PGBM04 Credits: 15 Level: Masters FBL, Business School Board: Postgraduate Business Studies Learning Hours: 150 of which 30 CONTACT hours Rationale 1. The international business environment is multi-dimensional, including economic, political, socio-cultural and technological influences. While each can be viewed in specific national settings, increasingly they have become interrelated through processes of globalisation. In particularRead MoreInternational Business5797 Words   |  24 Pagesof world output and world exports accounted for by the United States and other long-established developed nations is unlikely. FALSE 23. (p. 21) A current trend in international business is the growth of medium-sized and small multinationals, known as mini-multinationals. TRUE 24. (p. 22) Today, the risks involved in doing business in countries such as Russia are low, but so are the returns. FALSE 25. (p. 23) If the free market reforms in China continue for two more decades, China may move fromRead MoreInternational Trade As A Tool For International Business1707 Words   |  7 Pagesfourteen asks some very important questions regarding international trade as SME and MNE evolve globally due to technology. Therefore as international business continues to evolve companies are find easier ways to find importers and exporters from the comfort of their offices without the costly methods of travel and due diligences trying to find reputable companies to handle their needs. Using a variety of sources I will analyze international trade through the use of websites and go into detail aboutRead MoreBusiness Administration International Business Essay1784 Words   |  8 PagesBUSINESS ADMINISTRATION amp; INTERNATIONAL BUSINESS In the literal meaning, Business refers to an organized approach to providing customers with the goods and services they want. Business Administration has over the years taken the form of a formal field of knowledge, besides engineering medical and even closely-related Economics. In the 20th century, with the development and growth of business schools in America and Europe, the dynamics of business administration changed. With more research conductedRead MoreThe Problem Of International Business842 Words   |  4 Pages International business c Trade occurring between one or more countries worldwide. Balance of trade Difference in value of a countries imported and exported goods. Balance of payments Also known as BOP, is the monitoring of all international money transactions during specific times. Global dependency The dependency of one nation to another. Competitive advantage The advantage a company has over its competitors, allowing them to achieve greater