Cultural distance includes variations in languages, religion and religious practices, as well as is social traditions and mores. In terms of recommendations, it sorely behooves an enterprise to significantly study and attempt to quantify its distanc Continue Reading...
Ghemawat believes that this strategy is wrong. Instead of attempting to import pre-existing business models into areas where a company is expanding, Ghemawat believes that companies need to embrace what he refers to as arbitrage, the ability to exp Continue Reading...
For the most part, there appears to be a good deal of truth in the author's recommendation for a balanced approach towards successfully implementing globalization. There certainly seems to be a large amount of pride involved in the traditional noti Continue Reading...
Bartlett & Beamish state, "Today, every firm must meet the challenges of managing strategies, organizations, and operations that are increasingly more complex, diverse, and uncertain than during earlier times -- and do so within the confines of t Continue Reading...
(Ghemawat, 2001) Ghemawat states that administrative distance in relation to 'preferential trading agreements' involves gold, electricity, coffee, tea, cocoa spices, textiles fibers as well as sugar, sugar preparations and honey. Also included are Continue Reading...
Administrative and political distance risk is most seen from the standpoint of legal and financial institutions, the monetary systems and political associations and the role of foreign governments in defining the barriers to entry for foreign busine Continue Reading...
Globalization can be loosely defined as trade networks between disparate geographic regions, leading to the exchange of goods, people, and ideas. Improved technology and transportation tools, industrialization, and advancements in market economies ha Continue Reading...
