What Is Meant by Globalization of Business Operations? What Is/are The Baseline Argument On Globalization?
What Is Meant by Globalization of Business Operations? What Is/are The Baseline Argument On Globalization?
i. What
G R O U P A N A S S I G N M EN T O N
I N T E R N A TI O N A L B U S I N E S S ( M B A 7 2 1 )
PREPARED BY:
1)
NEGERA AKUMA
2)
SIMBO ABEBE
3)
YOSEF ASSEFA
4)
DEREJE YOHANNES (SUMMER)
5)
SOLOMO ESHETE
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Answer
No, because Executives are trained in world wide
operations not just domestic or international.
Management is recruited from many counties. The global
operating units report directly to the chief executive or
executive committee, not just to domestic or
international.
For example, the manager of Toyota, which
has
operations in several parts of the world , do not think or
act as if the company were divided between Japanese
and overseas operation. Indeed, the very word overseas
has no place in TOYOTAs vocabulary because the
corporation sees itself as equidistant from all its key
customers.
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Do
you
recommend
Ethiopia
to
join
WTO?
Justify.
Ans#2
The World Trade Organization (WTO) is an
international organization that establishes rules for
international trade through consensus among its
member states
its aims are to increase international trade by
promoting lower trade barriers and providing a
platform for the negotiation of trade and to their
business.
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World Bank
The World Bank is also called the International Bank
for Reconstruction and Development (IBRD)
World Bank was set up to promote economic
development
It has focused on making low-interest loans to cashstrapped governments in poor nations that wish to
undertake significant infrastructure investments.
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African Union
The African Union is a multi-dimensional intergovernmental
organisation of the Africa Continent integration .
Its former iteration, the Organisation of African Unity (OAU),
gave greater credence to the liberation of the Continent from
colonialism and other forms of domination, and internal
affairs of member states.
its ability to be responsive to the needs of Africans,
It is predicated upon addressing Africas challenges by
focussing on democratic governance,
human rights, peace and security, development, enhanced
integration, greater participation of African peoples,
Established in 1963.
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3.Are there any basic differences between Chinese and American work
cultures, particularly in relation to human resource management
practices? Explain what can Ethiopian learn from such cultures and
practices?
..Contd
collectivism, is about the degree to which one values
his/her duty to groups to which he/she belongs, and
the harmony he/she shows in it (the group).
individualism assertiveness, competitiveness, and
materialism
(generally
high
achievement
orientation) credited for creating American dream
and helped to sustain the countries global position
From HR perspective managing business firms
through the deeply shared values of individualism so
as to promote enterprise
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..Contd
The collectivist model, which China represents the
nurturing
orientation-encourages
cooperative
orientation in the work place stressing human
interaction and group identification.
From the HR perspective encouraging people who
identify themselves through working hard and
achieving together is exercised broadly.
..Contd
What Ethiopia can learn from them? The work
culture
lacks
philosophy-the
performance
orientation that distinguish an American man when
he achieve, and the Chinese woman when she
accomplish and stands among her peers-pride in
doing the job.
Therefore, to conclude, Ethiopia among many things
should learn two things sense of direction and
discipline
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..Contd
Economic factors: - in this case having the
consideration of inflation rate
Social factors: - in the case of coffee exporting
companies in Ethiopia most of the population is
known as the drunker of coffee
Technological factors: - the technology plays a
great job in the increment of the production of coffee
to be exported that enables the increment of
production of coffee to meet the demand of the
coffee in the international market
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..Contd
..Contd
Industrial factors:
Economies of scale: - there will be good conditions
to the exporters if they achieve the economies of
scale in the production of coffee,
Product differentiation: - in case of product
differentiation the taste of coffee produced in
Ethiopia differs from the taste of Brazil
Competition: -Coffee exporting countries of the
world join in the world market. Each countys coffee
differs in terms of quality, quantity and type
Operating factors:
Geographic: - the geographic area of the production of
coffee is the very important factor.
The coffee producer must select the favorable areas to
produce coffee in order to get maximum production so that
he/ she can export excess supply to international market.
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6(a) #answer
Hofstede and hall are more concerned with the relationship
between culture and working condition
According to Hofstede "Culture is the collective programming of
the mind that distinguishes the members of one group or
category of people from others".
It is always a collective phenomenon, but it can be connected to
different collectives.
According to Hofstede, Confucian dynamism captures attitudes
toward time, persistence, ordering by status, protection of
face, respect for tradition, and reciprocation of gifts and
favors.
As might be expected, East Asian countries such as Japan, Hong
Kong, and Thailand scored high on Confucian dynamism,
while nations such as the United States and Canada scored
low.
Answer#7
The Neo-classical model
The classical comparative advantage theory of free
trade is a static model based strictly on a one
variable factor labor cost, complete specialization
approach to demonstrating the gains from trade
Neoclassicism emphasizes the dynamics of supply and
demand
market is self-regulating
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Neoliberalism
Neoliberalism considers the market to be the best and
perhaps the only avenue through which human beings
can realize their full potential.
The market not only provides humans with a means of
maximizing health, prosperity, and fulfillment, but also
has the power to ingest less-than admirable
individual entrepreneurial freedoms and skills within an
institutional framework characterized by strong private
property rights, free markets and free trade.
The role of the state is to create and preserve an
institutional framework appropriate to such practices
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