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International Business Environment | Report
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Added on 2020-02-03
International Business Environment | Report
Added on 2020-02-03
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UniversityINTERNATIONAL BUSINESS ENVIRONMENTByDateNameLecturer’s Name
INTERNATIONAL BUSINESS ENVIRONMENTContentsIntroduction.................................................................................................................................................3Importance of international business and trade............................................................................................4Impact of globalization............................................................................................................................5Fundamental issues of managers regarding development of emerging markets..........................................6Role of managers in cross-cultural and ethical international business.........................................................7Analysis of skill development through the discussion of case studies and other workshop activities..........8Reflection on development of enhanced communication skills.................................................................10Conclusion.................................................................................................................................................11References.................................................................................................................................................12Author’s Name:Page 2 of 13
INTERNATIONAL BUSINESS ENVIRONMENTIntroductionThe report which is discussed below is based upon international business environment. The report consists of some skills which are required in business. In the modern economy, international trade is an enormously relevant aspect. It will only become more integrated into core strategy of the firm as technology continues to progress. Besides that, the backbone of the global economy is the international trade and business environment. Understanding the situation and environment inside which the company needs to work is essential for keeping up a specialty unit successfully at everywhere. Meanwhile, the environmental factors affect for all objectives and purposes of business. The environmental considerations in business are based upon its viewpoint, its region, the expenses of things, the personnel policies as well as the distribution system(Czinkota, Rivoli and Ronkainen, 2010). Accordingly, it is basic to get some answers concerning the diverse parts of the business environment. The distinct parts involve the financial perspective, the socio-social points, the political structure, the technological and the legal aspectsand so on. Background of the company The company considered here is Macquarie Atlas Roads Group of Australia. Macquarie Atlas Roads Group is a transport company, and it is one of the largest operator and developers of private toll roads in the world. MIG or Macquarie Infrastructure Group had a portfolio of eleven toll roads across seven nations which include Australia(Arthur and Morphy, 2005). The organization is controlled by a team of executives engaged by the Macquarie Group. The management team contains senior executives from the former MIG. So, it provides the continuityof the Directorate, experience along with knowledge. While observing conventional standards of Author’s Name:Page 3 of 13
INTERNATIONAL BUSINESS ENVIRONMENTcorporate governance and managing risk, the organization aims to deliver long-term profitability as well as shareholder returns. At first, in 1969, the company was established in Sydney with only three people(Browning and Goodwin, 2016). Now, the company took a globalization turn.Importance of international business and tradeThe buying and offering of services and products across over national boundaries is known the international trade. Where transport is of clear significance and so the adjustments in the transportation system opens up new, in advance unfamiliar zones and markets. Irrespective, as noted above, improvements in the transport structure in itself would not speak be thought satisfactory to sustain relocation(Reinsdorf and Slaughter, 2009). Again, it is vital thus that the investment is considered as a remarkable part of a more large package in support of various segments or exercises supporting other economic or social convalescence factors and spatial procedures. Moreover, international trade is significant for the establishment of a present day of today’s people, business world, as creators in various nations attempt to profit from a developed market, instead of being bound to offering inside their specific edges. Irrespective of the way thatdifferent customers jump at the chance to buy less overpriced products. One of the fundamental principles of international trade is that one should buy and services from a nation which has the lowest price and sell his services and products to a country which has the highest cost. International trade is also concerned with the allocation of economic resources among countries(Purcell and Scheyvens, 2015). Such allocation is done in the global markets through international trade under the perception of free trade. Trade business helps to boost development. As a result, poverty is reduced by generating growth using increased commercial investments along with opportunities. It also exports diversification by allowing the developed Author’s Name:Page 4 of 13
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