International Trade and Global Business Environment Essay

Submitted By mama2briana
Words: 620
Pages: 3
Open Document
What cultural factors must U.S. sports franchises overcome to increase popularity abroad? Why? In order to increase popularity in other nations, United States sports franchises would need to overcome several cultural factors. It would be imperative to first understand the legal and cultural differences in the global business environment. Some of our most common understandings in terms of conduct in business and social environments are likely be perceived completely differently in another country. Researching the standards for conduct in foreign nations is among the highest priorities. This will include factoring in the environment, political, cultural, language and religious barriers, and also the standard of living. Values, beliefs, expectations and manners may differ with location. Dumping is sometimes used as a tactic to win over foreign customers, by selling large quantities of a product at a price lower than the cost of production or below what the company would charge in its own market, which could result in an increase in brand popularity, but governments often regulate the ability to dump.

How can franchises ensure their products are appropriate for international markets? Important factors to consider will be deciding whether the global, multi-domestic or transnational strategy is the best approach for the business, as well as decide what the target country or countries are, by identifying the best locations for the concept. They could evaluate the markets for their products or services in foreign countries, as well as analyze the competition and domestic policies overseas. Franchises should adapt their brands so as to not give the wrong impression, be unappealing, offensive or negate the standard customs. Native ideas of status, decision-making habits, and attitude toward time, use of space, body language, manners, religions, and ethical standards should be considered. Acclaro, Think Globally, Act Locally: Glocalization and International Franchise Expansion (2012) states that localization by adapting the brand to appeal to the local culture will help to ensure the success of an international expansion, as long as the franchise can maintain its brand identity.

Should governments protect their industries by placing tariffs on imported products? Why? Why not? From what I have learned, it seems as though tariffs can have many positive and negative effects, and it seems as though the negative aspects outweigh the positive. According to Aaron Hall, Tariffs and Quotas: Effects on Imported Goods and Domestic Prices, some negative effects can include forcing consumers to
Show More

Related Documents: International Trade and Global Business Environment Essay

GBE Week 1 QUESTION 3 Essay

study of international business is no different from the study of domestic business. Thus, there is no point in having a separate course on international business.” Evaluate that statement. A separate course on global business is important because the study of international business differs from the study of domestic business. According to Hill 2013, the reasons that make these studies different are: the fundamental differences among countries, the greater complexity in managing international business…

Words 1735 - Pages 7

Culture: International Trade and Free Trade Essay

increase in global marketing? Trend 1: decline of economic protectionism by individual countries Trend 2: Rise of economic integration and free trade among nations. Trend 3: Global competition among global companies for global consumers Trend 4: Emergence of a networked global marketplace. How can a country protect its economy? A country can protect its economy through tariffs or quotas. Describe GATT and WTO. - The World Trade Organization (WTO) is the only global international organization…

Words 612 - Pages 3

International Business Environment Challenges and Changes Essay

Management Sci. International Business Environment: Challenges and Changes Gupta Abhishek Administrative-cum-Accounts Officer & Head of Office, Sardar Swaran Singh National Institute of Renewable Energy Ministry of New and Renewable Energy, Govt. of India, Wadala Kalan, Kapurthala, Punjab, INDIA Available online at: www.isca.in, www.isca.me Received 3rd July 2013, revised 25th August 2013, accepted 26th October 2013 Abstract In the twenty first century, Business Environment is becoming more complex…

Words 4229 - Pages 17

Essay on Week 1b Drivers of GB

BSD119 Global Business Week 1 1 Introduction Outline  1. Globalisation – of markets and production  2. Changing character of the global economy  3. The growth of GB  4. Globalization: Prosperity or Impoverishment? 2 Focus Questions     What is International Business What is globalisation? Is domestic business immune to the forces of globalisation? What are the factors causing the growth of global business (GB)? 3 Focus questions (Cont’d.)     What are the indicators of the…

Words 809 - Pages 4

9 5 Amazon Essay

Economic, Political/Legal, Cultural and Trade Environment could Impact Amazon’s International Marketing Mix Introduction This essay described the economic, political/legal, cultural and trade environment of e-commerce in the world and their impact on Amazon’s international marketing mix. Although the overall environment is favorable to the development of Amazon, Amazon needs to continue to adapt to changes in the environment and adjust marketing strategy. And then it will have a long-term development…

Words 1193 - Pages 5

Analysis Of The Globalization Of Business

of nowadays business. This reader covers so many areas of the business globalization. First, the author made an introduction of the globalization at the beginning of the reader. Briefly introduce the change of market and business environment in Australia and New Zealand in the past 30 years. After that, the author focus on the global perspective area, he thinks that under the globalization, manager must to consider learning additional languages because companies in a globalized business world increasingly…

Words 864 - Pages 4

MGT 448 Syllabus Essay

SYLLABUS MGT/448 Global Business Strategies Copyright ©2015 by University of Phoenix. All rights reserved. Course Description The manager's perspective in the fields of international payments, international trade, and investment are analyzed. Emphasis is given to the materials and concepts that illuminate the strategies, structure, practices, and effects of multinational enterprises. Course Dates Feb 10, 2015 - Mar 16, 2015 Faculty Information Name : Email Address : Phone Number : KATHRYN HAYMAN…

Words 2691 - Pages 11

Is An International Firm Just A Domestic Firm Also Doing Business Across National Borders?

Is an international firm just a domestic firm also doing business across national borders? Discuss and fully support your arguments. Friedman (2005) argues, “The world is flat!” Friedman’s research highlighted the fact that the barriers, which limited trading across the world, had been demolished. He further argued that with the introduction of new technology and the advancement in transportation meant that trading internationally had become commonplace. As a result organisations now face…

Words 2142 - Pages 9

Narrative: International Trade and Foreign Direct Investment Essay

Importance of International Business The critical concern Political environment has a very important impact on every business operation no matter what its size, its area of operation. Whether the company is domestic, national, international, large or small political factors of the country it is located in will have an impact on it. And the most crucial and unavoidable realities of international business are that both host and home governments are integral partners. Reflected in its policies and…

Words 1758 - Pages 8

Global Warming Essay

a right method mainly from top management personnel in conditions of cultural sensitivity and local focused. International expansion was a “desirable” element for senior executives of mainly large corporations, firms of every size can now no longer afford to ignore the consequences of remaining a domestic player (O’Hara). Foreign companies face many challenges in expanding their business activities globally. Cultural barriers can make unpredictable problems as companies set up offices and production…

Words 1226 - Pages 5