Risks And Benefits Of International Trade Economics Essay

Risks And Benefits Of International Trade Economics Essay Political environment, which is more important especially large international business, requires high investment. More consumers sought after more goods, more service and besides last pay back time. The political systems have two types namely; democracy and totalitarianism. Economic environment, which is required in home country, host country and world economics, are supporting or objection for international business and relation to suppliers. Economic growth affects on politics social and lows, the found political system and situation politics in country, and the world has direct affects on economic and business. Social and culture are foundation of living and work for humans, they has an impact on characteristic to work and every day life. For lows, it is convention for country activities including economic activities and business. Therefore economics, political, social and lows are closely bound in terms of relationship. Technology environment refers to new knowledge factor in the world such as sciences or engineering and including strategic management because marketing competition enforce each country to invent new knowledge or know-how benefit for its own business development. Each country that has new knowledge must create new products; have low capital and high efficiency in order to keep pace with the international competitors and to respond the customers needs in the international market. When the country enters into international business, they must encounter risks in international business, which can be listed as four categories as following; Country risk is associated with intervening of the government, protectionism, trading and investing barriers, social disturbance and instability of politics, economic malfunction and unorganised, unsatisfied of foreign companies in legal sanction, bureaucry, managerial postponements and bribery, and deficient legal acts for trespassing property rights. Commercial risk is correlated to inability of partner, management failures, timing factor, competitive intensity and poser execution of strategy. Currency (Financial) risk is related to currency exposure, asset valuation, foreign taxation, inflationary and transfer pricing. Cross-cultural risk is consisted of cultural differences, negotiation strategies and ethics. The four types of international business risks are omnipresent; the firm may encounter them continuously. When these risks cannot be simply avoided, they can be efficiently anticipated and managed by preparing to confront the risks mentioned above. The important two types of focal firms in international business: the multinational enterprise (MNE); and small and medium-sized enterprise (SME). The multinational enterprise refers to a huge company, which possesses plentiful assets, manages numbers of business activities by communicating through a network of subsidiary companies settled worldwide. While MNEs are among the leading participants, international business is not the domain of large, resourceful firms alone. Many small and medium-sized enterprises (SMEs) are participated in the business as well. Overall this step to international business, it is significant to study international business to every parts, such as global economic and interconnectedness, contributor to national economic well-being, a competitive advantage for the company to sustain a competitive advantage in the necessary skills, knowledge, competence and etc. According to Dr. B. Warner, the determinants of national competitive advantage can be divided into four determinants namely, the factor conditions; demand conditions; related supporting industries; and structure of firms and rivalry. The factor conditions are used in various ways by means of upholding the economic competitiveness among business and country. In order to advance the employees ability in working with efficiency and handling the higher-tech goods, the employees are trained and educated according to their factor conditions. Another way to use the factor conditions as a determinant of national competitive advantage is that the business must provide more funds in researching or buying the high-tech discoveries and other improved efficient appliances that may facilitate better products and services in order to compete with opponents (Warner). Secondly, the demand conditions is a significant determinant of national competitive advantage, for it assists in upholding the maintenance of economic effectiveness and it empowers the business to possess the well-built local market, which eventually pave the company better way in advancing the goods and services quality for the international market. Warner suggest an example to illustrate this point that French customers give the reasonable feedbacks to the local wine makers in order to help them improving their wine-making for selling world-wide. Furthermore, Warner remarks that related and supporting industries are important because of its benefits in providing low-cost inputs and offering information concerning on the industry environmental issues and changes that support MNEs. To illustrate this point, it is noteworthy to look upon example given by Warner Italian tiles companies are informed continuously by their suppliers who notify them about any technological changes, the inputs and developments of factors in the industry. Besides the determinants mentioned above, the firm strategy is remarkable determinants for those companies that eager to maintain the economic competitiveness. The firm strategy smoothes the progress of a company catching up the competitors game, then the company knows how to fight and how to activate marketing plan. Making the decisions with well-organized firm strategy enable the company to empower its economical reliable. Take company competitiveness in the German chemical industry as an example. A particular simple structure may complete a firms requirement, whereas the same simple structure may fail to answer another firms needs, which concerns on the complexity of particular design. As for the German firms, for instance, they are hierarchically organized to make them appropriate for personnels needs. In addition, the rivalry of firm should not been overlooked because of its important in uplifting the firms to take as much chance in sharpening their skills and eventually turning out to be even more challenging to compete among the international business. Japanese car manufacturers are the case that Warner provides in his article. The Japanese car manufactures increasingly develop its economic competitiveness among the international businesses and happen to be the unignorable competitor, because their economical development progressively rises upon those car manufacturers in the U.S. and in Europe. In conclusion, it is remarkable for those companies who are able to take the challenge in encountering the international business risks. As mentioned above, the four determinants are both significant and correlated. Moreover, these determinants have particular impacts on others determinants and vice versa. In short, the firms rivalry is affected by the demand conditions, and the number and type of related and supporting industries are impacted by the factor conditions. References: Cavusgil, T. Knight, G. and Riesenberger, J.(2007) International Business: Strategy, Management and the New Realities. New Jersey: Pearson prentice hill. Katsioloudes, Marios I. and Hadjidakis, Spyros. International Business: A Global Perspective. Oxford: Elsevier, 2007. Kuntonbute, C. Assoc. Prof., Ph.D. (2006) International Business Administration. (3th edition), Chulalongkorn University Bangkok Press, Chulalongkorn Publishing. Hill, C. International Business: Competing in the Global Marketplace. (international Edition), New York, NY: McGRAW-HILL, 2007. Warner, B., Ph.D. International Business and Policy: Seminar Two.

Factoid Friday

Aaron Smith Factoid Friday Paper 3/5/2018 Donald Trump's presidency has brought a lot of controversy with it. His constant tweeting, his blunt statements, and his act-now-think-later mentality have earned him both praise and criticism since the moment he announced he would run for United States President. One act that has stirred up a lot of mixed emotions is President Trump's announcement of a ban that would prevent transgender individuals from serving in the military. This ban, which was first announced via President Trump's twitter account in late July, will override an Obama-era plan that was previously in place specifically to allow transgender individuals to serve in the military (Davis, 2017). Perhaps what is the most frustrating development of this ban for many people is the fact that it was revealed shortly after President Trump declared his great respect for members of the LGBT community and intentions to protect their individual rights and freedoms during his presidential campaign. While many have cited discrimination as the reason behind this act, President Trump and his staff have ensured the public that this ban is purely for national security reasons, and he wanted to assure the LGBT community that this is not a betrayal (Cooper, 2017). This ban has been a hotly debated topic for quite a while. While both the Trump administration, supporters of the ban, and those opposed to the ban all have valid arguments, anyone who is willing to fight and die for his or her country and its freedoms should have the opportunity to do so. This statement holds especially true for Americans because the United States was founded on this very principle. While the military shouldn't pay for gender reassignment surgeries and treatments, recruitment options should be open to all Americans, including transgender individuals. There are many reasons why this is acceptable, including the fact that transgender people are already serving in the military, transgender individuals provide little to no disruption of military activities, and the transgender ban is currently being scrutinized in court for its constitutionality. Taking all of this into consideration, it's hard to see a reason why transgender individuals shouldn't be allowed to fight for the freedom our country provides. It's difficult to argue that transgender individuals shouldn't be allowed in the military simply because there are already transgender people serving in the military today. In fact, as of 2016, there are an estimated 6,630 actively serving transgender individuals in the military and anywhere from 2,030 to 7,160 individuals serving in reserves. Along with these numbers, an estimated 150,000 transgender individuals have served since the year 2012, which is about 21% of all transgender adults in the United States according to UCLA researchers. In contrast, only 10% of the general non-transgender population has served (Hamblin, 2017). The fact that a higher percentage of transgender individuals has served in the United States military compared to those who do not identify as transgender should serve as an eye-opener to many. After all, active military service poses many risks, especially during times of conflict or war. In fact, several American and British armed forces members in Afghanistan were asked about the threats that they faced. The statistics, which are represented by the above image, are quite shocking. Roughly half of all individuals interviewed said that they saw at least one person killed while actively serving. One in every six people witnessed a close friend being injured or killed. One in four were injured by an IED, three in four experienced long-range attacks with rockets or mortars, and half had been attacked at close range with machine guns (Gee, 2017). The point of these statistics is that serving in the United States military can be dangerous, and if such a high percentage of transgender adults are willing to serve in the United States military and risk injury, they shouldn't be denied the ability to do so. The decision to serve in the United States Military should be respected regardless of any drama created by gender. Along with the fact that transgender Americans have already proved that they are willing to make the same sacrifices as their military comrades, a large majority of transgender individuals cause little to no disruption of military activity while serving. In fact, as far as disruption of military activity is concerned, transgender individuals who could possibly be disrupting military activity by getting reassignment surgery account for less than 1% of all available members. The actual number of all individuals estimated to have surgical treatments while actively serving was between 25 and 130 individuals – hardly enough to cause any meaningful hindrance to military activities (PBS, 2017).In regards to this same issue of military disruption, eighteen other countries were examined in a study to determine if transgender service members cause any noticeable problems. Overall, the study â€Å"didn't find any readiness or cohesion implications† involving transgender individuals. Many countries revealed concerns about bullying issues at one point, but it was later determined that simple policy changes were able to deal with this issue (PBS, 2017). If other countries are able to work around the minor ‘difficulties' that transgender individuals may pose, then why can't the United States as well? Surely if this situation is able to work for other countries, it can for Americans as well. Along with this information, President Trump's proposed ban has received legal criticism as well. There are concerns that this ban would violate the Constitutional rights of those individuals affected by the ban. One example of the legal obstacles that this ban has faced occurred in August of 2017. Two gay rights groups filed a lawsuit to ‘ban' the ban before it could be instated. This lawsuit was filed on behalf of five transgender women who are openly and actively serving in the military, for they feel strongly that this ban would violate their constitutional rights (Cooper, 2017). Although the lawsuit itself wasn't the cause, the individuals who filed the suit earned at least a temporary victory in late October, for the ban was temporarily blocked in court by a federal judge (Kheel, 2017). This same judge responsible for the blockage was quoted saying that the ban â€Å"does not appear to be supported by any facts.† Along with this, another federal judge reviewed this ban in court and halted the ban altogether (Marimow, 2017). He stated that active-duty transgender service men and women already suffer harmful consequences because of the president's policy. Some examples of said consequences include being set apart as inherently unfit, facing the threat of discharge, the inability to move ahead with long-term medical plans, and the inability to commission as an officer.Due to these two federal court rulings, it is clear that there is much to be concerned about regarding the legality of the ban. A third court case was carried out with the National Center for Lesbian Rights (NLCR) and the GLBTQ Legal Advocates ; Defenders (GLAD) as the plaintiffs. They argued that the ban violates the Fifth Amendment rights of all transgender service members, and they pushed for the removal of the ban on funds for gender reassignment surgery (which accompanied the transgender ban). Judge Colleen Kollar-Kotelly presided over the court. After the case ended, she wrote a 76-page memo emphasizing the fact that the plaintiffs' Fifth Amendment claim is a strong one that will prove difficult to refute once it reaches the Supreme Court. The fact that this ban has been heavily criticized, and in some cases acted upon, by not one, not two, but three highly-esteemed judges only serves to prove that this ban is in violation of the Fifth Amendment and is highly discriminatory against transgender individuals who are only trying to serve their country. This ban has only encountered setback after setback in court, yet the Secretary of Defense is still being pressured to produce a plan for both carrying out the ban and dealing with currently enlisted transgender individuals. Although President Trump is still pushing for action to be taken, the ban is still being processed through the courts as an appeal is being sought after due to the decisions made from past cases (Lopez, 2017). Although there are many ‘arguments' out there that support the idea of a United States Military with a transgender ban, they lack substantial evidence, and the evidence that is presented is far from accurate in most cases. President Trump's two main reasons for the ban, disruption of military service and health and medical costs, are easily discredited when all of the facts are lined out.In regards to ‘disruption of services,' it's clear to see why this isn't a legitimate issue for the United States Military. First of all, there is roughly, on estimate, a total of 13,500 transgender individuals serving actively, in the reserves, or in the National Guard. Of these 13,500 transgender individuals, only an estimated 25-130 active members will ever undergo long-term surgical treatments that would cause disruption while serving. These numbers, compared with the estimated 1,281,900 total of all active service member, along with the 801,200 estimated to be in reserve, account for far less than even one percent of the military's total service members (PBS, 2017). So, assuming that the highest estimate of 130 military members undergo surgical treatment while serving, an extremely insignificant fraction of all military members would be incapable of carrying out military duties while recovering. This accounts for .0015% of all available ‘manpower' at any given time for the military (PBS, 2017). That percentage is hardly worthy of being referred to as a ‘disruption.' The second main ‘reason' behind this ban is the potential costs. The President and his staff worry that the medical treatments and surgeries that transgender individuals require is an expensive and unnecessary cost to the United States Military budget. While gender reassignments and other surgeries are certainly expensive, as stated in the previous paragraph, only about 25-130 individuals will even have the operation done (PBS, 2017), and the military has historically not been required to pay for these surgeries unless they are proven medically necessary on a case-by-case basis. Along with this information, a study in The New England Journal of Medicine in 2015 found that the total costs for these surgeries and treatments would amount to somewhere between 4.2-5.6 million dollars, or roughly ten percent of the annual military healthcare budget. For those that think this is a large amount of money, the annual amount of taxpayer dollars spent on medication for erectile dysfunction alone is over ten times this amount at 84 million dollars annually. Claiming that transgender medical costs are expensive and unnecessary is plain wrong. While not all treatments are medically ‘necessary,' several treatments are. Denying transgender individuals from serving in the military due to medical costs would be the equivalent of denying a diabetic the ability to serve; it makes no sense. President Trump has made a lot of changes since he was elected into Presidency. While his decisions usually at least make some sense, the transgender military ban makes no sense at all. His two main reasons for this ban, which were potential disruption of military activity and medical costs, are backed by little to no evidence, and his ban is coming across as discriminatory both in the public eye and in court so far. Transgender individuals should not be denied the right to serve because they have been allowed to serve (not openly) for several years with little to no problem, they don't cause any disruption or hindrance to military activity, and the ban itself is being reviewed for its potential violation of the Fifth Amendment and discrimination against transgender individuals. All of this effort for a ban that isn't necessary should be spent on something more useful to America.BibliographyBlake, Aaron. â€Å"Jim Mattis didn't undermine President Trump's transgender military ban. Trump already had.† The Washington Post. Last modified August 30, 2017. Accessed September 20, 2017.http://www.washingtonpost.com/news/the-fix/wp/2017/08/30/trumps-haphazard-transgender-military-ban. Cooper, Helene. â€Å"Trump says transgender ban is a ‘great favor' for the military.† The New York Times. Last modified August 10, 2017.Accessed September 22, 2017. http://www.nytimes.com/2017/08/10/us/politics/trump-transgender-military.html. Davis, Jilie Hirschfeld. â€Å"Military transgender ban to begin within 6 months, memo says.† New York Times. Last modified August 23, 2017.Accessed October 12, 2017. http://www.nytimes.com/2017/08/23/us/politics/trump-military-transgender-ban.html. Editorial Board. â€Å"Editorial: making way for transgender troops.à ¢â‚¬  Chicago Tribune. Last modified December 12, 2017. Accessed December 12, 2017.http://www.chicagotribune.com/news/opinion/editorials. Hamblin, James. â€Å"The cost of banning transgender service members.† The Atlantic. Last modified July 26, 2017. Accessed April 19, 2018.http://www.theatlantic.com/health/archive/2017/07/things-that-cost-more-than-medical-care-for-transgender-soldiers/534945. Jouvenal, Justin. â€Å"Federal judge in D.C. blocks part of Trump's transgender military ban.† The Washington Post. Last modified November 30, 2017. Accessed November 16, 2017.http://www.washingtonpost.com/local/public-safety/federal-judge-in-dc-blocks-part-of-trumps-transgender-military-ban/2017/10/30. Kheel, Rebecca. â€Å"Court partially blocks trump's transgender military ban.† The Hill. Last modified October 30, 2017. Accessed November 9, 2017.http://thehill.com/policy/defense/357827-court-partially-blocks-trumps-directive-on-transgender-military-ban. Lopez, Germ an. â€Å"Federal judge: military must allow transgender recruits starting on January 1.† Vox. Last modified November 28, 2017. Accessed April 19, 2018.http://www.vox.com/policy-and-politics/2017/11/28/16709494. Marimow, Ann E. â€Å"Federal judge says Trump administration can't stop funding sex-reassignment surgeries for military members.† Wasnington Post. Last modified November 21, 2017. Accessed April 19, 2018.http://www.washingtonpost.com/local/public-safety/a-second-judge-blocks-trump-administration. PBS. â€Å"Fact-checking Trump's reasons for a transgender military ban.† PBS Newshour. Last modified August 28, 2017. Accessed September 29, 2017.http://www.pbs.org/newshour/bb/fact-checking-trumps-reasons-transgender-military-ban. Rikleen, Lauren Stiller. â€Å"Trump's transgender military ban hurts more than just the troops.† Wbur. Last modified August 30, 2017. Accessed October 30, 2017.http://www.wbur.org/cognoscenti/2017/08/30/trump-military-transg ender-lauren-stiller-rikleen.

Conflict Management Styles Among Corporate Executives

Choosing a topic and problem for a signature assignment which is very close to a research topic could be a hurdle. It requires good literature review which is derived by tapping and evaluating previous researchers’ efforts and expertise. A potential research study on â€Å"Conflict Management Styles among Corporate Executives in Developing Countries – Nigeria a Case Study† is considered for a signature assignment. Conflict is inevitable and exists everywhere. In organizational system, conflict and methods of conflict management influences different groups (employees, management team and executives). Conflicts are realities of life and can be defined as a â€Å"situation of competition in which the parties involved are quite aware of the incompatibility of future condition whereby each party wishes to occupy a position that is incompatible with the wishes of the other† (Olu Adesubomi, 2013, p. 2). They have no boundaries. 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Exploring The Jungle The True Impact of a Literary...

Literature is a powerful and persuasive tool. History holds the proof that a well-written novel, even a work of fiction, has the power to profoundly impact society. One such novel is Upton Sinclair’s 1906 expose of the American immigrant, infamously titled The Jungle. The story is of the trials and tribulations of a Lithuanian family struggling to earn a living in the slaughterhouses of Chicago. The issues faced by this family are some of the most disturbing fictional depictions of the lower class, and some of the most well-read in the past century. The Jungle, now hailed as a literary masterpiece, is credited with being the reason for the Pure Food and Drug Act and Meat Inspection Act of the early 1900’s (Ewers). Though Sinclair’s story†¦show more content†¦Americans were shocked and horrified by Sinclair’s portrayal of the unsanitary conditions of meat packing facilities, of workers losing fingers into the ground beef, of diseased animal carcass es being adulterated with chemicals and sent to market (Abrahamson). Though the story was meant to have a deeper meaning, more specifically a political one, the public was far too disgusted and fascinated by the details of the food they were purchasing than anything else. The uproar that was caused by Sinclair’s supposed research of these factories received the attention of President Theodore Roosevelt, who performed research of his own that led to the creation of new food inspection acts. The Meat Inspection Act of 1906 put tough restrictions on packing facilities, instituting a system that allowed certified federal meat inspectors to check all carcasses as they traveled throughout the process. The Pure Food and Drug Act of 1906 was the other act created, and it called for the accurate labeling of all meat products, and gave the government the ability to prosecute plants if they made false claims concerning what was in their meat or were run under unsanitary or unsafe condit ions (Ewers). These acts calmed the public, and it is assumed that meat processing has greatly improved and is still operating efficientlyShow MoreRelatedVictorian Novel9605 Words   |  39 Pagesthat aspect is change. Nearly every institution of society was affected by rapid and unforeseeable changes.  As some writers greeted them with fear and others embraced the progress, this essay will guide a reader through an important era in English literary history and introduce with the voices that influenced its shape and development. It was the novel that was the leading form of literature in the 19th century England. The term ‘novel’ itself was a simple narrative form, which in opposition to itsRead MoreThe Studio System Essay14396 Words   |  58 Pages1930s the Hollywood film studios undertook a major evolutionary period. The inception of the Hollywood ‘studio system’ was to change the film making process radically. The following essay will examine how these changes took place, and what impact it had on the film making industry in America. We shall also examine how the system relates to the current production methods used in film making. The main issues raised within the text will be summarised concisely within the conclusion