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*Globalisation🌎* (Mode of entering international market🛒 (Licencing,…
*Globalisation
🌎*
Enabler🔁
Transportation✈
Container transportation
Road infrastructure
Air travel
Rail network
Communication📣
Social Media
Video conferencing
Telecommunication
Technology💻
Computer
Smart phone
Laptop
Tablet
Standardisation/convergence👍
International Monetary Funds (IMF) & World Bank
Jurisdiction
Negotiate and facilitate trade
Bring countries to common agreement and resolve disputes
International Accounting Standard Board
International Financial Reporting standard (IFRS)
Jurisdiction
Full IFRS report
Statement of changes in equity
Statement of cash flow
Statement of profit or loss
Statement of financial position in the beginning
Statement of financial position at end
IFRS for SME
International trade📡
Multinational /SME
Supply chain
Labour
Commodity
Suppliers
Buyers
Arm's length principles
Transfer pricing
Foreign exchange rate
Base Erosion and Profit Shifting (BEPS)
Prevent Multi National company to avoid tax on Profit🛑
Divergence
Convergence
Brand/logo
Culture
Relationship
Personality
Customer reflection
Physique
Self-image
Crossvergence
Glocalisation
innovation
Adoption of local taste and culture
Mode of entering international market🛒
Licencing
Contract Manufacturing
Global Strategic partnership
Franchising
Strategic alliance
Management contract
Joint Venture
Direct investment
Direct exporting
Indirect exporting