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Block 2: Competing in a Global Context (Finance (Exchange rates (The…
Block 2: Competing in a Global Context
Finance
Taxes
"Paying Taxes"
Tax avoidance
Multinational payment methods
Unitary taxation with profit apportion
Transfer pricing
Arm's-Length Principle
Transfer mispricing
Exchange rates
Fluctuations
Changes in demand for a currency
The McBurger Index
PPP
Government Intervention
The balance of payments
Current account
Capital account
Financial account
Foreign Direct Investments
Multinationals
Evolution of Financial reporting
Economic evolution
"Families"
Anglo-Saxon reporting
Commercial code accounting
Taxation
IFRS standards
Global accounting standards (IFRS, 2017)
Operations
City Leadership
Business opportunities
Social opportunities
International supply chain
Supply chain management
Coordination
Bullwhip effect
Vertical Supply Chains
Outsourcing
Decisions
The Barnes outsourcing matrix (2008)
Supplier relationships
Lambert et al. (1996)
Convergence
Divergence
Crossvergence
Marketing
Branding
Brand Identity
Reputation
Critical reflections
Social media/ technology
Equity
Content
Logo
Packaging and labelling
Innovation
New Products
Evolving existing products
Global, International and Local brands (Schuiling and Kapferer, 2004)
Brand tribes and communities
International Marketing
"Think globally, act locally"
Adapting offerings
Standardisation
Micro environment
Macro Environment
STEEPLE
Trading Sytems
The Global Marketplace
Multinationals
Triggers for international expansion (Jobber and Ellis-Chadwick, 2013)
Modes of Entry
Ethical issues
3 Key Ethical issues (Crane and Matten, 2016)
Differing Standards of consumer protection
Exporting consumerism and increasing cultural homogenisation
Targeting lower-income consumers in developing countries
Geographical segregation of business operations
Corporate social responsibility
HR
Employee relations
National focus
International focus
Cultural differences
Employees
Threat of moving work
Lower employee morale
More flexablity
Improved ‘work–life balance’
culture of ‘organisational learning’
Outsourcing labour
International labour market
Multicultural workforces
diminished power of labour unions