Showing posts with the label international management

American Principles as a Catalyst for International Investment

America was founded on a mere idea of opportunity that enticed thousands of people across the soapy seas to nail down new entrepreneurial stakes in the fragile colonies . Blacksmiths , carpenters and farmers spread out to start new business es to feed their needy families . Even in a global economy the entrepreneurial spirit embedded within our American values has market appeal that can be converted to investment value . Life , liberty and pursuit of happiness are based on trust . People believe that when they put a dollar in the bank it will be there a few days later , they are charged the price posted for products , hard work still results in increases in wealth , and education opens new doors . Trust glues societal fabric between people , employees-employer, investor-executive, citizen-government, and civilian-law enforcement . When the fundamentals of trust break down so does the economy . The

Is the Standardization of International Business Curriculum Around the Corner?

International business curriculum is on its way and may someday be a standard by which universities judge themselves. As the world integrates and international workers gather around needed knowledge sets international business curriculum will become more common. A paper in the International Journal of Social Sciences & Education begins to discuss their evaluation of accreditation bodies (Nzeh, 2014). International businesses are common and seek qualified talent that can effectively work in cross-border commerce. Up until this points most business schools focused on curriculum that was national in orientation and represented the needs of local stakeholders. As the nature of international commerce a nd employment changes so will the educational process that meets those needs. According to the authors a review of business school accrediting bodies such as ACBSP, AACSB, and IACBE found that many of them contain similarities of themes that set a foundation for standardized inter

Improving Economic Activity Through Tariff Reductions

Trade is at the root of economic development. The easy movement of products and services across borders helps create an interconnected world where opportunities for international goods and companies abound. A paper by Dzerniek-Hanouze & Doherty (2013) discussed the significant advantages that can be found by opening trade routes at a national and regional level to ensure that products and services move smoothly to their destinations.  All trade is based on selling products from one entity to the next. According to Black’s Law Dictionary Trade is ,” The act or business of exchanging commodities by barter; or the business of buying and selling for money; traffic; barter.” A value laden product must transfer hands from one person to the next while a reciprocal value laden item (i.e. money) is exchanged in return.  Before revenue can be earned through the selling of products these products must be available and present for purchase. This means that the product is avail

Developing Strong International Retail Management Practices

Developing strong international retail strategy is important for organizations that desire sell products overseas. In today’s world, emerging markets are often a main staple for corporate processes. In the retail industry it is often the internal processes that are as important as the right products in creating structure. The present strength of the company, standardization of core processes, and   focus on customer value that makes the difference between those that will be successful in moving into international markets and those that won’t. Successful international retail management relies on a number of internal factors that ensure the organization is prepared to take on a wider distribution network with its current structure. According to Vida, Fairhurst & Reardon (2000) these internal characteristics include strategic management characteristics, retail conception, logistics, and the size of the organization. The ability of managers to determine and implement the re