Please enable JavaScript.
Coggle requires JavaScript to display documents.
B207 COMPETING IN A GLOBAL CONTEXT (2.The GLOBAL TRADE ENVIRONMENT…
B207 COMPETING IN A GLOBAL CONTEXT
2.The GLOBAL TRADE ENVIRONMENT
Institution: WTO
Foster world wide openess of trade
Comparative Advantage
Structure of firm/rivalrly
Demand condition
Supplying industry
Factor condition
Flow of goods, money, services and information
Competition amongst busines organisations
5 Forces of competion (Porter)
Enabled by ICT
INTERNATIONAL OPERATIONS
Internationaliation of supply chain
Advantage: cost
challenges: different standards, culture..
Offshoring -Reshoring
Implication: transient costs, risks, disrubtion
Offshoring
Strategy: diversisy
multinational
Regional
home country
Global
Facility location
country factors: political, legal, economic..
Local factors: proximity to suppliers & customers
ORGANISATIONAL CONTEXT
internal & external
Fundamental to Innovation
making sense
Analysis
Awareness
ECONOMIC & FINANCIAL FLOW IN A GLOBILISED WORLD
International Financial Institutions
IMF and World Bank
Economic and financial flow
Balance of payment
Global imbalances
Potofolio investment
Foreign direct investment
SUPPLY CHAIN MANAGEMENT
Throughput efficiency
Total value-adding tiem/Total through put time
Vertical level of integration
Vertically integrated supply chain
Narrow and larger integration
Direction: upstream or downstream
De-integrated supply chain
Bullwhip effect
TAX CONSIDERATION & EXCHANGE RATE
Base erosion and profit shifting
Transfer pricing
Exchange rate impact
Stability create certainity
Volatile excahnge rate affects assest and liabilites
Foreign exchange market: currency determined by market force
FUNDAMENTALS OF INTERNATIONAL FINANCIAL REPORTING
IFRS & IASB develop international Financial reporting standard (since 2000)
Globally trcognized
Adoption: voluntary in individual jurisdiction
single set of hight quality accounting standards
CITY LEADERSHIP AND BUSINESS OPPORTUNITY
Social process - mobilisation - followership
Civic - Political - Managerial - Business
GLOBALISATION: CONVERGENCE & DIVERGENCE
Digital communication disseminate best practice
Adoption of similar value: Convergence
Competing pressure: divergenge
Innovation & Crossvergence
Global culture
ALTERNATIVE PERSPECTIVES TO GLOBAL INNOVATION
Global Knowledge - local needs
Universalism
Relativism
EMPLOYEE RELATIONS & GLOBALISATION
HRM
International labour market
HRM IN A GLOBAL CONTEXT
Progress or race to the bottom
INTERNATIONAL MARKETING
Global marketplace
Globalisation vs customization
Mode of entry
14.- 16 BRANDING, MARKETING & ETHICS