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Features
of Emerging Markets
also known as emerging
economies or developing countries |
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Leaders of emerging markets are willing to
undertake the rapid change to a more industrialized economy
to create a better quality of life
for their people. Therefore, these markets are rapidly industrializing
and adopting a free market or mixed economy...
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International Business
Defined
International business consists of transactions
and collaborations that are devised and carried out across national borders
to satisfy the
strategic intent and
objectives of companies, organizations, and individuals.
Two primary types
of international business are trade and investment. These transactions and
collaborations take on various forms – export-import trade, co-innovation,
consultancy services and sub-contracting, business process outsourcing
(BPO), and direct foreign investment – which are
often interrelated Direct foreign investment is carried out in varied
forms, including wholly owned subsidiaries,
joint
ventures, and equity acquisition.
Additional types of international business are
strategic alliances, licensing,
franchising, management contracts, and regular events, such as
Innompic Games.
Risk Management
International business development
(IBD) involves various risks.
Simulation game
Innovation Football
(INNOBALL)
will help you not just
anticipate and reduce these
risks, but also turn these risks to
opportunities and
achieve
great results!
>>>
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Surprise To Win:
3 Strategies
Emerging Markets
Emerging markets are important because they drive growth in the global
economy. Successful rapid growth markets provide
higher-than-average return for investors...
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Manage Cross-Cultural
Differences
If you wish to reach foreign buyers or sellers
or need to bring joint venture projects to a successful outcome, you must be
culturally competent.
You must understand intercultural communication and effectiveness if you
wish to avoid such serious problems as:
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Unmet commitments from
suppliers;
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Stalled joint projects, deals coming
undone;
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Frequent miscommunications, failed
meetings, and unanswered
routine communications;
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Low productivity.
According to Geert Hofstede,
cultures – both national and
organizational
– differ along many dimensions. Four of the most important are:
Directness
(get to the point versus
imply the messages)
Hierarchy (follow orders versus
engage in debate)
Consensus (dissent is accepted versus
unanimity is needed)
Individualism (individual winners versus team effectiveness)...
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Cultural Differences
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