International Business Environment - 4226 Words

INTERNATIONAL BUSINESS ENVIRONMENT Question 4: Compare and contrast the activities of two companies of your choice in the same industrial sector in developing new technology to try to maintain competitive advantage. CONTENTS INTRODUCTION 3 TECHNOLOGICAL DEVELOPMENT 4 (i)PRINCIPAL STAGES OF TECH DEVELOPMENT 4 (ii)BASIC INDEXES OF TECHNOLOGY 4 ROLE OF Ramp;D 5 TECHNOLOGICAL INNOVATION 7 ANALYSIS 10 (i)SAMSUNG 10 (ii)APPLE 12 PORTER’S 5 FORCE MODEL COMPARISON 15 SWOT ANALYSIS 17 CONCLUSION amp; RECOMMENDATION 19 REFERENCES 21 INTRODUCTION This paper seeks to compare core and enabling†¦show more content†¦Machines designed to replace human labor played a crucial part in the developing social production to perform production and transportation functions. Inventions such as the SPINNING JENNY amp; the STEAM ENGINE commenced the Industrial Revolution. This marked the evolution of machine production. Basic indexes of technology: The most important indexes in technology are productivity, reliability, and economy of operation. The productivity denotes the quantity of goods produced, processed, or shipped per unit time. The reliability of technology is characterized by the capacity to produce itemized quantity of goods without interruption. As the name suggest economy of the operation is determined by the consumption of materials, power and by the cost of supporting facilities necessary for the operation to take place. The indexes of any operation can be improved by perfecting the design of the working elements and by automating operational processes which is nothing but modernization. The life of any technology can be improved by well-timed modernization which ensures that the technology meets the demand of technical and scientific progress. ROLE OF Ramp;D: Consumer demands continuously changes to indicate the different needs as the society develops. A fresh range of high quality products is what the consumer wants. In order to meet up to the needs in a sustainable way a balance of research and development is needed. Research and development areShow MoreRelatedInternational Business Environment And Marketing Management1853 Words   |  8 PagesI chose international business environment as my topic of interest The reason why I chose this topic because I would like to become an international business manager in the future, so as a result of that I have to know a lot about the international business environment and that will help to develop my career in international of business management and yes international business environment is related to my area of study or professional field of study, as a student of business administration andRead MoreInternal And External Factors Affecting International Business Environment And The Trade Barriers Essay971 Words   |  4 Pagesof interaction between them and international business is considered as one of the mechanisms used in trade globalization. A lot of challenges and opportunities for international business arises and need to be studied in addition to strategies used to seize these opportunities and to overcome the potential barriers. 1.2 Research objective The objective of this research is to study all the internal and external factors affecting the international business environment and the trade barriers that constrainRead MoreThe International Business Environment4269 Words   |  17 PagesTable of Contents Introduction International business Environment Theories Guiding Decisions of Firms Transaction Cost Theory International Product Life Cycle Theory Foreign Direct Investment Theory Of Internalization Competitive Advantage Theory SWOT Weaknesses Opportunities Threats Conclusion THE INTERNATIONAL BUSINESS ENVIRONMENT Introduction International business International business involves business activities that crosses borders ADDIN ENRead 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 Business Environment3863 Words   |  16 Pages[Date] [Date] INTERNATIONAL BUSINESS ENVIRONMENT INTERNATIONAL BUSINESS ENVIRONMENT Globalization refers to the widely flow of production factors within the entire globe in order to understand the optimum resource allocation. Different authors provide different definitions of globalisation with their profound research. According to international monetary fund, globalization increases the rapid and extensive transmission of technology along with international commodity, transactionsRead MoreThe Impact Of International Business On Business Environment Essay1633 Words   |  7 PagesIf the firms, which enter the international market, are ineffective at risk management, this is a risk in itself for Governments, as it can lead to economic inconsistencies. International business differs from domestic business for a variety of reasons, including as culture, labour and environmental standards, foreign exchange and political, economic and legal systems. The main reason for why there is such a significant difference between the two types of business is due to the increased r isk associatedRead MoreCultural Environment Of International Business Essay1327 Words   |  6 Pages Cultural Environment of International Business Vanda Mallo Keiser University â€Æ' Abstract Understanding the management role relative to cultural influences is critical for today’s managers who want to interact proficiently across borders. One important concept which provides insight into the idea of intercultural aptitude is the notion of â€Å"mindfulness† or the ability to interact with others from different cultures. Managers must become more culturally sensitive since diversity in the workplaceRead 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 MoreThe Aspect of International Business Environment2799 Words   |  11 PagesTHE INTERNATIONAL BUSINESS ENVIRONMENT Introduction Dramatic world trends in the last two decades rapidly entail international business. Markets for goods and services are now global especially so for financial instruments of all kinds ADDIN EN.CITE Daniels2007150(Daniels et al., 2007)1501506 Daniels, J., Radebaugh, L., Sullivan, D.International Business: environment and operations, 11th edition2007Upper Saddle River( HYPERLINK l _ENREF_2 o Daniels, 2007 #150 Daniels et al., 2007). This paperRead MoreThe International / Global Business Environment Essay3139 Words   |  13 Pages THE INTERNATIONAL/GLOBAL BUSINESS ENVIRONMENT Jessica Beer â€Å"Whatever your level of involvement, it is important to understand the global business environment and its influence on the manager s role. This complex role demands a contingency approach to dynamic environments, each of which has its own unique requirements.† (Deresky, 2010). Within the overall global environment, there are three subsections that global managers must understand comprehensively before they can expect to have success