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Competing in a global context Picture1 (Global trade environment (flows…
Competing in a global context
Tax Considerations and exchange rates
jurisdiction
fluctuations
strategy
City leadership and business opportunities
managerial leadership
political leadership
civic leadership
business leadership
Economic and financial flows
IMF
The World Bank
unbalanced
MNC's
squashing competition
tax avoidance
smaller no.s of employees
domination
product offerings
Global trade environment
threats/opportunities from external environment
flows
labour
goods
money
services
business management
managed remotely
trade & political agreements
WTO
trade agreements
negotiations
challenges
adapting to change
political instability
cultural differences
Supply chain
manage bullwhip effect
manage effectively
cost
carbon footprint
processes
distributors
change
outsourcing
manage efficiency
innovation
geography
activity
tactic knowledge
competition
social interaction
regional innovation systems
skilled workforce
IHK
IT infrastructure
producer associations
organisational strategy
context
internal
Sustainability goals
external
PESTLE
business functions
glocalisation
Human resource management
collaboration with other business functions
integration multinational workforce
employees
skills
retention
pay
International operations
complex supply network
prioritisation of cultural needs
ability to adapt processes
offshoring
exchange rates
capital costs
transport costs
re-shoring
exceptions
Finance reporting
IFRS
globally adopted
aim to determine standards
based on principles
US GAAP
convergence issues
globalisation
divergence
convergence
crossvergence
