Essays on International Business

IEC Electronics is an American company in New York established in 1966 and deals with electronic components. IEC Electronics manufactures electronic components such as circuit boards, electrical cables, and wires for different industries including the military, healthcare, transport industry among others. Additional activities done by the company are such as...

The Importance of Stock Markets in Economic Growth The tremendous economic growth witnessed in developing countries over the last decade can, partly, be attributed to entrenchment and strengthening of the free market policies. Such policies include those designed to encourage local and international firms to list in the respective countries’ stock...

In a perfect world, everyone knows the difference between right and wrong, but in the real world, things often remain unclear. The chance is that someone’s wrong deed is your right deed, and your own wrong deed is someone’s right deed. The same is the situation of companies that intend...

The Business Environment The internal and external elements that influence company operations are referred to as the business environment. Both the interior and external environments make it up. Customers, executives, suppliers, and shareholders make up the internal environment. Political variables, the demographic environment, the social-cultural environment, and the law environment make...

Caito Maia founded Chilli Beans in 1994 while studying music at the University of California after observing fellow students using sunglasses not for eye protection but as a fashion accessory. It inspired him to start importing and selling sunglasses to friends when he returned to Brazil. He quickly rose to...

The success of multinational corporations has been greatly influenced by the management of global compensation and benefits. This is because it involves managing tumultuous and extremely complex local details while ensuring the concurrent establishment and maintenance of a strategic, unified pattern or system of compensation policies, values, and practices (Gomez-Mejia,...

Foreign Direct Investment (FDI) has been regarded as a crucial path for boosting innovations, creating jobs, and guiding the general economy in host nations. Due to its significance, nations make an effort to draw FDI by creating benevolent policies and methods. The present study investigated the FDI techniques used by...

In this research, the growth into a new foreign market by RMCF is examined. After the financial crisis of 2007 and 2008, the 1982-founded Rocky Mountain Chocolate Factory (RMCF) has been struggling to grow (Mull, Takano & Owings, 2014). The RMCF had to search for new expansion techniques because domestic expansion...

The overall arrangement of functional elements and alignments utilized in managing a facility as a whole is known as an organization's design or organization structure. The company's design lays out the proper guidelines for distributing the company's resources, assigning duties to personnel, training them on policies, rules, and expected levels...

The Importance of Global Leadership The competitive environment of operating enterprises in the dynamic and complicated fiscal boundaries makes leadership a crucial component of the global economy. It emphasizes how crucial globalization has become in the twenty-first century, which makes it necessary to evaluate the qualities required for the advancement of...

In the complex global business environment All companies face ethical issues. Although some of these ethical dilemmas are specific to the industry the company is in, others are common to all types of organizations. Bones, (2014), states that the ethics of businesses and their employees are under scrutiny than ever before...

According to Deresky's definition of globalization in his paper, globalization refers to the mechanism of economic business expansion to different foreign markets from the origin region. This includes going from one country to another, which involves legal restrictions and customs. Regionalization, on the other hand, allows for free incorporation across...