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Showing posts with the label international business

8 Standards of International Corporate Ethics

Ethics goes a long way in building trust in an international business system. As information spreads faster along quickening fiber optic cables the world will continue to integrate in terms of interrelated laws, regulations, cultures, and business standards. Having an international standard of ethics is important in ensuring that companies are encouraging  better business environment.    When companies move into international locations they will need to understand and respect the cultures of those nations. There is a difference between respecting local culture and becoming involved in unethical practices. When few options are left, organizations can seek to remove themselves from such countries. Each company will decide what they stand for. Today’s world needs a new way of looking at business and how that business interacts with other countries. Developing strong international ethical systems means that both companies and countries come to an understanding of what a “good

The Advantages of English as an International Language

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English is the language of business and offers unique advantages for international commerce and business education. As a communication medium, the ability to share ideas and conduct transactions across multiple continents helps speed up trade and idea sharing that often leads to wealth generation. The building of international relevance in the business world is fostered by connecting people and their ideas. Consider the purpose of communication and its impact on the transference of information. When two people share similarities of a language, they need fewer feedback loops to understanding the conversation. Using the same language lowers the time it takes to propose and clarify propositions within daily interactions. This process of knowledge sharing speeds up exponentially and can increase the profitability that people will enhance knowledge. American companies have an advantage because of the commonality English as a business language (Cavaliere, Glasscock, & Sen, 201

The Winners and Losers of Low Oil Prices-The Sweet Spot

There are advantages and disadvantages to oil. Some nations will capitalize on lower oil prices while others may see significant economic decline. Those dependent on exports are going to feel the most pain while those important oil are going to find the most benefits. Below is a video on the negative factors of low oil that appears to cover the issue from a shale industry perspective. Oil price has more of a sweet spot that is adjusted as technology, consumption, and production change. The break even point of shale oil is somewhere between $60 and $80 per barrel (As cited in Bloomberg) .  At present prices are between $74 and $80 per barrel; dangerously close to the break even point for shale companies. This of course means less hiring and expansion for this relatively new industry. When oil dips under $80 it puts pressure on international producers. Despite the potential short-term damage to this new industry the general economy grows when oil is in the zone. Where the benefits of

Are Millennials Becoming Known as “Generation Unemployed”?

A growing crisis is unfolding among Millennials worldwide that could someday have an impact on international business. That is at least according to The Ground Truth Project that includes 21 fellows reporting from 11 countries. Global youth unemployment and few opportunities for training new skills are rising across the world.   Where these Millennials seem to be lacking in opportunity they are also trying to create their own avenues through entrepreneurship.  They have been nicknamed “Generation Jobless” because they are unemployed and not enrolled in some type of formal schooling. They could someday be the chronically unemployed class of people who are not, or cannot seek, to improve their positions in life through formal channels. This makes them more likely to use alternative paths to achievement.  Nearly a quarter of the world’s 15-24 year-olds are seriously struggling to meet the day-to-day needs of buying food, affording a place to stay or attending trade/formal pos

Developing Online Education to Meet the Needs of International Business

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As business information and financial transactions increases there will be a need for more international oriented higher education curriculum. Online education affords an opportunity for greater global reach and revenue development without overburdening cost existing structures. Technology has adapted over the years to allow similar platforms of classes to be used across borders to encourage international higher education. The global business community that makes up a large portion of international firms have different needs then domestic productions. Senior leadership positions will require a higher level of cultural awareness and additional understanding of how systems work within different cultures. Such leaders will need to develop a wider perspective commerce through proper preparation.   International Education Models:   Crossing international borders offer some advantages but rests on 1.) host institution, 2.) technology, 3.) learning models of students and 4.) lear

Call for Papers: 3rd International Conference on Management, Economics and Finance

Abstract Submission: August 29th 2014 Location: Kuala Terengganu, Malaysia 3rd International Conference on Management, Economic and Finance (ICMEF 2014) is a traditional conference for scholars of Management, Economics and Finance studies, welcoming participants from around the world, with broad and diverse research interests. Among the many topics related to Management, Economics and Finance, the special focus of the conference is on social responsibility, professional ethics and management. Issues of ethical Management, Economics and Finance, social and environmental sustainability and cohesion of organizations, fair remuneration of workers and management have become prominent. The aim of the conference is to present and discuss research that contributes to the sharing of new theoretical, methodological and empirical knowledge, and to better understanding. Papers related to issues of intercultural dialogue and multicultural societies are also welcome. Web address: ht