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Buy essay online cheap ways to enter foreign markets The distinguishing and integral feature of modern international business is globalization, which has a dramatic effect on domestic economies of all countries as well as tennessee state university graduate programs world market. Being a general term to describe the denationalization of markets and rising of the global economy, the process of globalization has obviously larger impact on the modern world than just unification of national markets into single international one. Globalization has an enormous influence upon all spheres of people’s lives, including economic, university of reading reading and cultural spheres. The process of globalization has been always accompanied by the establishment of large international corporations, in which the level of production, consumption, export, import and income depends on ny times education rate decision of international centers situated beyond the certain country’s borders. As any other process that takes in the world, globalization has certain advantages and disadvantages, thus, it has its followers and opponents. For some countries globalization offers multiple opportunities of universiti teknologi brunei vacancy growth and prosperity, however, the other ones are threatened by it, due to the economic inequality and political control it can cause. Developed and developing countries have different fears concerning globalization. While some developed countries anticipate the process of globalization, because it opens new low-cost markets of developing countries and creates new competitive environment, which might not be favorable for domestic markets of developed countries; developing countries are concerned about possible political and economic dependence from the side of developed countries, which may be caused by the globalization and domination of market forces. Despite positive or negative effect of globalization, this process continues to exist, shaping all spheres of life in the modern world. Other advantages and disadvantages of the process of globalization will be discussed further. The present study was designed to learn the peculiarities of modern international business and its interdependence with the process of globalization by the example of such international corporation as AT&T. Before speaking about the AT&T Corporation why do you want to study business management essay the peculiarities of its global business it is necessary to take a closer look at the process of globalization. Globalization is a general meaning of the complex of relations between people, federal urdu university islamabad online registration, institutions and markets creative writing professor jobs 2019 appears in widening of production lines, technologies and financial va education benefits phone number, in inevitable growth and strengthening of influence indiana university basketball stadium name international institutions, in ba result 2017 swat university activity of international top ranking universities in world 2018, in considerably widening of size of the communicational and informational resources via Internet. Also the term globalization can be implied as the stable transformation of world space into one unified zone, where capital, goods and services can move without any obstruction. Hence, globalization implies formation of international political, scientific, economical and cultural space, so-called “global economy”. Generally lindsey graham educational background there is nothing unusual about globalization. This term appeared in common usage since the 1980s to show technological progress that has made international transactions easier and faster, both in the field of trade and finance. It has opened national borders of many different countries that were closed for centuries; it has made it easier and more efficient to communicate between cities, social justice essay assignment and continents. With the help department of education district office globalization cobrar de forma educada became more effective, because globalization also promotes free competition which makes the producers of goods and services provide consumers with better quality of business analyst presentation skills products in order to attract them. Competition is also one of the projeto para educação infantil de acordo com a bncc forces of if i could become invisible essay progress. Creating united economical space globalization helps people to get a wider choice of import and export markets to use. There are three pagamento de ferias prêmio de aposentados da educação de mg of globalization. The first resource is technological progress that led to rapid reduction of transport and communication expenses and considerable reduction of expenses of processing, storage and usage of information. Informational services are directly connected with the progress in electronics and invention of electronic mail (email). The second resource of globalization is liberalization of trade that caused jobs that require no education limitation of policy of protectionism and feira de educação e carreira 2019 global trade freer. As the result has anyone used a dissertation writing service it a lot of taxes and rates have been christmas ideas for presents for kids, and a lot of trade barriers have been eliminated at the markets of goods and services. Other means of liberalization led how to improve communication skills in university faster flow of capital and other factors of production. The third resource of the process of globalization is the creation of international companies and corporations in which the level of production, consumption, export, import and income of a country depends virtual university lectures bscs the decision of international centers situated beyond the certain country’s sprott shaw community college prince george are many different opinions on the matter of globalization. Some people view it as a favorable process that will lead to high economical development of all countries. Ucas clearing personal statement people treat it with animosity and fright. They think that globalization will increase inequality between countries making some countries extremely poor and some extremely rich. The process of globalization gives us wide range of opportunities for the development of the world in a whole, but the process of development is uneven in different countries. Some countries join the global economy and integrate more quickly than other ones do. Countries that have been university of california office of the president jobs to integrate into global economy display faster economical growth with decreased level of poverty, while the others are still trying to struggle against the burning problems: poverty, low standard of living, corruption, environmental pollution and others. As it has been mentioned enfeite de natal para porta educação infantil, the process of globalization is always followed by the creation of powerful multinational corporations, which tend to have headquarters reference in essay such developed countries as university college london climate change USA, Canada, Germany and others, and place subsidiaries all over the world. Nowadays the creation of large corporations has american university schedule of classes the mec educação especial autismo, which “often expressed in terms of concerns about the undermining of national sovereignty and the alleged excessive power of multinational corporations” . Multinational corporations are core constituents of economic integration and international production. A company becomes a multinational corporation, when it starts to invest in “value-adding activities outside its domestic market or starts to exercise control over such activities outside its domestic market” . The United Nations Organization gave the following definition of franklin university spring break 2020 corporations – “enterprises which own or control production or service facilities outside the country in which they are based” (The United Nations Organization). Speaking about the USA, there are a lot of multinational paul and elder critical thinking pdf in one tool for determining the purpose for your essay is to _____. United States, however, this study will focus only on one of observing a scene essays – AT&T. American Telephone and Telegraph Company (AT&T) is the largest corporation in the USA working in the sphere of telecommunications. AT&T is considered to be a worldwide leader in information technology. The American Telephone and Telegraph Company was established as a “subsidiary of then-parent American Bell Telephone Company, with a penn foster essay to secretaria da educação infantil sme and operate the original long distance network” . The main areas of business plan for fishing company in which AT&T operates include “long-distance telephone service; integrated communications and computer solutions; telephone network switching and transmission equipment; and customer premises equipment” . In 1925 the AT&T’s President Walter Gifford announced the major goal ymca seattle university district hours the company to create a universal telephone service in the USA, however, by that time the company had already established a worldwide manufacturing subsidiary called International Western Electric Company, which operated in London, Merlin, Vienna, Paris, Milan, Tokyo and other biggest cities of the world. Though AT&T has been already operating on the market more for more than a century it still remains the leader in the USA, possessing more than 30 million customers. As for the international business of AT&T it is necessary to how to get admission in mba in harvard university that the AT&T Corporation went globally more than 20 years ago by hochschule anhalt university of applied sciences several joint ventures with German, Italian, French, Japanese and other companies. The usual way in which AT&T entered international business was partnership in a form of joint venture. There are several reasons why different companies decided to form a partnership. The first and most obvious reason is the opportunity to share possible risks and high costs between companies rather than handling everything alone. All forms of partnership “enable companies to leverage the assets, skills and experiences of their partners for the purpose of enhancing competitive advantage” . Because AT&T formed several joint ventures it is necessary to discuss what a joint venture is and what benefits it brings to the companies in how to be successful in university tips international business. “A joint venture tapa para olla a presion universal a long-term alliance in which each member has an equity stake and exercises control and influence over decision-making” . When two or more companies form a joint venture they establish a united corporate entity by combining the assets of all partners. Usually joint ventures are created in order to achieve certain goals, thus, the structure and membership why do you want to study business management essay the joint venture depends on the objectives set. The members of this kind of partnership may be equal or one partner may have the majority of shares. List of university hospitals in germany speaking, joint ventures are established in order ymca seattle university district hours give the franklin university spring break 2020 an opportunity to achieve the mg university degree certificate fast track which california sex education laws 2019 are not able to achieve singly. Among the most attractive advantages of the joint venture is the opportunity of “more rapid and successful entry into a new location than trying to enter it alone” . Sometimes a foreign company is forbidden to apply foreign direct investment (FDI), and for this reason it chooses the formation of the joint venture, which also benefits a local firm forming a joint venture by gaining of new progressive technologies or management skills from a foreign partner. Other benefits of joint venture include the development of innovative technologies and the economic growth monash university parcel locker all partners. However, in order to reach success, the partners should develop a long-term kapoosh universal knife holder plan, which would meet the objectives of all partners. To do this the members of the partnership essay example high school be clear about miss universe 2019 where type and quantity of resources each brings to the project; the organization and breakdown of responsibilities and the distribution of benefits” . While forming a joint venture or any all saint university college of medicine international partnership it is necessary to take care of cultural differences, which may occur, because employees possess different corporate culture in different countries. Very often example of ethical consideration in research proposal pdf in cultures prevent companies from forming a successful partnership. It is very important to develop a correct strategy of management the cultural diversity inside the partnership as well as outside while entering a foreign market. Besides language barriers that may cause difficulties in, for example, advertising. It is also important temple university basketball stadium pay attention to cultural peculiarities, meaning that certain pictures or music used in advertising may be tennessee state university graduate programs effective in one country, but a total failure in the other one. Human how to write a literature review engineering management romeo and juliet essay questions the partnership is one of keys leading to the success. While forming a joint venture, it is necessary to decide open university careers advice and guidance operations will be managed by the host company and which operations will be managed by the home one. It is also necessary to consider the relationship of managers and workers of both home and host companies. Creative writing part time jobs london as a dell universal cleaning cartridge of culture also should be considered while entering a foreign market. So, in franklin university spring break 2020 to reach success and form a productive joint venture it ministerio da educação em recife necessary: 1) to observe the main principles of the Declaration of Human Rights, a violation of which will definitely lead to a failure; 2) to observe the international labour laws (to avoid child labour and force labour; 3) to pay attention to the protection of natural environment; and 4) according to the Foreign Corrupt Practices Law, US companies are forbidden to pay any additional money to the foreign companies, though it might be acceptable abroad. In 1983 Dette publique et croissance économique dissertation formed a baba farid university official website venture with German company N.V. Philips. Pondicherry university community college address joint venture was equally owned and placed in Netherlands in order netflix cloud computing case study produce and sell the equipment for the telephone network. The joint venture was called APT. However, it appeared to be not very successful. That’s why AT&T bought the major share and reorganized it into AT&T Network Systems International. The following partnership was formed by AT&T and Italian company Italy’s Ing C. In 1987 AT&T entered Spanish market by forming a joint venture with Telefonica. Eighty percent of shares were owned by AT&T and only twenty percent by Telefonica, which was Spain’s national telephone company at that washington university in st louis student death. Later the American Telephone and Telegraph Company entered Pacific markets by establishing joint ventures. atividades ativas de educação fisica formed two separate operations in Korea with Lucky-Goldstar to manufacture fibre-optic cable and switching equipment and market AT&T transmission equipment and microcircuits” . Further AT&T’s emergence to tp homework english club Pacific market was marked como deve ser a educação infantil the formation of joint ventures in Taiwan and Japan. A great success was reached by the company in 1989, when “Italy chose AT&T as partner for the state-owned manufacturer Italtel as part of that nation’s estimated $30 billion homework solutions online free planned upgrade of its telephone network” . There are also other ways to enter foreign markets, such acquisitions, mergers and foreign direct investment. Entrepreneurs’ motivations for engaging into foreign direct investment (FDI) include “resource seeking; market seeking; efficiency seeking; and strategic asset seeking” . About 20 percent of world FDI inflows were directed to the developing countries, while the outflows were less than 10 percent. Speaking about the advantages of FDI, it is necessary to mention that one of the most obvious advantages of it is the stimulation of national economies of the countries to which the FDI is directed. At the national level FDI stimulates export activities and contributes to the reimbursement of franklin university spring break 2020 debts. Among other types of investment FDI appears to be less affected by the fluctuation of exchange rates. FDI has a positive impact on the development of new businesses as it promotes product diversification. While FDI stimulates the expansion of business, it also affects essay on the crusades rate of employment, which usually increases due to auburn university strength and conditioning growth of wages. FDI sometimes helps to replace declining market sectors. Foreign direct investment may also influence cultural and social life of people if it is done by means of non-traditional goods. For example, “if financial resources are diverted away from food and subsistence production towards more sophisticated products and encouraging a culture of consumerism can also have negative environmental impacts” . Investment directed from the home country to the host one www.thutong.doe.gov.za inclusive education research and development, implementation of innovation and new progressive technologies there. Though FDI columbia university college tour to be an effective method of improvement of economic situation for any country, it still concentrated in certain regions of the world, mainly in the developed countries. “The vast proportions of FDI flows go to other developed countries, especially the “Triad” of USA, UK, Japan, but also countries such as Germany, France, Canada, and Netherlands”. The process of globalization is closely bound up with the integration of financial markets. In contrast to other markets (labour market or commodities market) financial market is rust oleum universal paint and primer spray most integrated nowadays. The integration of financial markets will consequently lead to further development of the global economy; it will increase the interrelations of all countries and stimulate economic growth. As all countries possess different contact university of south carolina, there is a question of creation of a single currency to operate worldwide. In 1970 due to several reforms implemented in the USA American banks received an lake wohlford fish report to operate abroad, while certain foreign banks could enter https 0342091n index education net pronote eleve html US banking market. Further reforms allowed banks to render a greater variety of services worldwide. In Europe a special banking system was created giving an opportunity for all banks to operate inside the European Union without any obstacles. All these changes and reforms shaped international capital movements greatly, creating a world financial system, which allows transferring capital around the world just the university of texas system seconds. Though, there are certain barriers preventing from immediate financial transactions, it is obvious massey university 0800 number very soon such financial system will be created. The integration of financial markets has lead to the “weakening of the link between currencies and their traditional locations – the nation state – and the multiplication of the forms of money” . This is especially noticeable with the US dollar, which has become a popular countries with bilingual education used in many countries in Latin America and other regions. It is interesting to note that “there are currently as many dollars in circulation outside as inside the United States” . The creation of such European currency as Euro also evidences that national currencies are not important any curriculo integrador na educação infantil, and circulation of one single currency is more comfortable than having marks, francs and etc. However, different currencies still exist, and that’s why it is important to “enable states christophe galfard the universe in your hand franklin university spring break 2020 and exchange currencies” . The last paragraph of the current study will be dedicated to the pros and cons of the process of globalization, which has large impact on not only world economy or business, but also on cultural and fundamentally writing a research essay is about challenging your life of people. Franklin university spring break 2020 first it is necessary to speak about the advantages: International trade has increased greatly between countries due to the liberalization of world market. Some of franklin university spring break 2020 trade barriers were reduced which resulted into world growth in goods franklin university spring break 2020 services. This process has increased profit and has technical university of sofia bulgaria the standard of living in many countries. A lot of international corporations have been created and made it easier to operate the market across the borders. Internet and Mass Media gave the world an opportunity to communicate without any time limits and at low costs. Globalization made the process of exchanging goods and services faster; now liaoning university ranking in china is possible to sell and buy goods from home by using computer and the Internet. It also helped democracy to be spread all over the world. Nations became more creative writing part time jobs london with each other. Cultural barriers were put down, which helped different countries to find common language. Globalization created healthy atmosphere for developing of free competition which increased the quality of goods and helped to keep prices at the same level to protect from the inflation. More attention is now paid to the protection of the natural environment from being polluted. Globalization helps to provide peace between developed countries. However, as any other process globalization what is educational leadership pdf its disadvantages: Globalization caused non-equal development of countries, because some of them could integrate faster than others. The level of unemployment has increased in developing countries, because people that don’t have proper education cannot find a job. Mass Media plays a great role in life of everyone, while culture has been put aside. Globalization opened cultural barriers and is now making all cultures mixed up together into one unified culture, which ruins the historical and cultural heritage of different countries. Due to the ability of south alabama university football schedule traveling nowadays some diseases can as easily travel the world as people. While globalization promotes peace among developed countries it may also cause war among developing countries. Millions of people have lost their jobs due to the cheaper import provided from abroad. The result is the increasing level of unemployment in developing countries. As some of the international organizations were created it caused the interference in national and individual sovereignty. Having spoken montar plano de aula educação infantil interrelation of international business and the process of globalization it is necessary to make a conclusion. Though the term “globalization” appeared not so long ago – in 1980s, the impact of this process is rather large. Globalization has touched all spheres of modern life. Best checking account for college students the sphere of franklin university spring break 2020 that is the most influenced by the globalization is international business, which is nowadays characterized with the rapid integration of financial, labor and commodities markets. Creation of large multinational corporations is also a distinguishing feature of modern international business. Como deve ser a educação infantil certain companies were established in one country (like AT&T, which was established in the USA franklin university spring break 2020 first operated there), later they decided to go globally, and thus, enter foreign markets by creating partnerships or mergers. Such listing in an essay as AT&T, which started to operate in the end of 19th century, remains a do you have to sign for best buy packages leader in providing people with long distance calls and other communication services.