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Global Business - Coursework Example

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Global Business GLOBAL BUSINESS Global Business is a term which describes topics relating to the operations of companies’ and firms interested in various countries. Global business occurs because no single country has the resources to produce everything well…
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Global Business

There are many benefits for global business; for example, credibility and discipline. In the business market there is so much competition that companies sell outside the country to increase their sales. Increasing globalization of business is requiring managers to have a global business perspective and an understanding of the differences in the environmental forces of the markets in which they operate. The global integration of markets of various products is altering the structure of many industries. Companies have become more specialized in their production and national industries have become more concentrated. Although the effects of economic integration are well known, how changing market structures are impacting upon the competitive behavior and strategic decision-making of firms is less well known. The Characteristics of three different market strategies used by aggressive foreign competitors is established by Donald Feaver. The paper also considers how domestic firms might respond to the import competition under different conditions. An empirical model investigating the three import strategies is presented that seeks to identify distinguishing characteristics of the aggressive market entry strategies. The identification of key characteristics provides useful insight into how the domestic firm may best respond to either defend market share or maintain profitability. (Feaver, D. 2010). The model proves to be a great help in understanding a very crucial role of changing markets globally as markets keep on changing drastically every minute in the global business circumference. The business world has always relied on contractual agreements while conducting businesses. These contracts are very important as it contains a seal or sign of the business partner. But there are instances when the contracts are not fulfilled instead are nullified. The world of business ethics is an old discipline in most parts of the world, and in most of the cases, it is applied to the everyday business world. Business ethics is a multi-faceted approach to honesty, integrity and straight-forwardness in the cooperative world. When business is done globally, business ethics play a crucial role as a business entrepreneur not only represents himself globally but also reflects this country of origin and residence. Hence, erroneous business terms or breaking of any ethics can prove to be a negative point in the global business world. The concept of the dark side of entrepreneurship was introduced by de Vries (1985). While entrepreneurship is normally considered as something positive, Petter Gottschalk in his paper considers the dark sides of it. His conceptual research paper applies entrepreneurship literature to generate new insights into entrepreneurship in organized crime and entrepreneurs in criminal organizations. Entrepreneurial opportunities can be exploited in a variety of ways, depending on strategy and available resources. As organized crime is growing locally as well as globally, law enforcement agencies need to develop their understanding of strategic criminal entrepreneurship. Based on this perspective, the darker side of entrepreneurship needs to be further explored within the business sector in the global perspective in future research. Petter Gottschalk in his paper has concluded that innovation and learning can be found in both legal and illegal enterprises. A learning organization is one that changes as a result of its ... Read More
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