International Business: John Lewis Expansion and Trade Barriers
Verified
Added on 2023/06/18
|13
|4331
|151
AI Summary
This article discusses the international business expansion of John Lewis, including trade barriers, cultural and ethical issues, and methods of expansion. It explores the challenges of entering new markets and the importance of ethical considerations in the company's expansion plans.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
International business
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents International business......................................................................................................................1 INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 About company John Lewis........................................................................................................3 The business drivers, cultural and Trade barriers of John Lewis................................................4 Ethical and social issues and methods of expansion...................................................................7 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION The international business will refer to the trade of goods services, technology, capital or the knowledge across the world or borders as well as the global or transactional scale. This will also get involves within the cross borders and its transaction scales of goods as well as services in between two or more than two countries. Apart from this international business will get encompasses every commercial activity that will take place to get promote the transfer of goods, services and resources, people, ideas as well as technologies across the national boundaries. Moreover,therearefourtypesofinternationalbusinessesthatisexporting,licensing, franchising, foreign direct investments. In simple terms international business will refers to the trade of the goods, services, technology as well as several knowledges across the international borders at the global transactional scale (Ahmed and Rashdi,2020).This will also get involves the cross-border transaction of goods as well as services in between two or more than two countries. The international business is also known as globalisation. Now, in the context of the report the company John Lewis Introduction of business drivers cultural as well as trade barriers and also explanation of ethical and social issues as well as several methods of expansion that will be discuss further. MAIN BODY About company John Lewis The John Lewis is partnership company business that is a retail industry which is get situated in oxford London and get established in 1929 and the founder of the company is John sped a Lewis provides a simple cost-effective way to get co-operate its clients to furnish its stylish interiors. The company also provides several sources of technology to reach their products and always tries to provide the most thoughtful gifts to their colleagues as well as clients. That is from planning to sourcing of products by delivery to installation of products, the company dedicated partners are always active in relation to get guide their clients within every stage of the projects. The company always get focused to provides the quality of products and expert services. john Lewis will be focused to make their business attractive in following ways;
Get in touch- The motivation behind this action to get contact with their experts and partners and they will work with the customers to get find the services that what is right for them Expert solutions- This expert solution is the main accountability of the manager that will offer the expert solution that are comparatively will get priced and will be get managed seamlessly. Detail and delivery- This is finally to get manage every co-ordination facility to get deliver the interior of technology as well as gifts on time and budget. Apart from these there are approx. 51 john Lewis and partners shops and 349 Waitrose and partners shops across the UK. That is along with John Lewis. Com and waitrose.com. There are also two international offices of sourcing, that is soft furnishing factory that having the various distribution centres. However, the Sedan Lewis will be wanted to create the way of doing several businesses that was both of the commercial that will be allowing them to get move quickly as well as stay ahead within the highly competitive advantages within the industry and democratic that will be providing every partner a general voice of business. This is the combination that is ahead of time, that will get continues to make the brand name of the business. after doing partnership with benefits of employee This will provides the ownership by division of sharing the profit as well as several knowledge and power. The partners are also getting able to feed their views to do management through by doing the bodies of democracy. The business drivers, cultural and Trade barriers of John Lewis Each corporate administration has to get function the active corporate situation that will have varying on periodbasis. Therefore, this is necessary for the company to work accordingly in order to keep within the pace of these of the changes. Apart, from this international business will be the broader concepts that will get involve the various number of Transaction that is get related from the finance and communication. Also, there are several numbers of changes that have get implemented within the process of business of John Lewis. This impact can get classified within the two parts that get includes the production and globalization. The product of Globalisation that will get refers within the process that get involves thefinding of things material from one nation to another nation in order to gain the high productivity within the business and in other hand international management is the procedure that will also get includes
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
the elimination of Barriers that will get to come across in order to performing the marketing and selling function in dissimilar countries. Apart from this international management get allows the John Lewis to get established the sustainable brand image and good will within the market place as well as get facilitate to generate the revenue for high sales volume and profits. The company John Lewis can also go for joint venture and merger that assist to expand its current business for the business operations. The further discussion is about the key drivers of business of john Lewis is as follows- Cost-This term will get refers to the amount of the cost that is to get incurred by any of the business organisation that is related from performing the functions of marketing, production, promotion as well as other activities of the business. Therefore, this get involve the expenses of finance from the company to get carry out every process of business in an effective way. The cost is also get involved the expenditure of finances from the company as well as other activities like the areas of manufacturing, transportation and upgrading the values of products. This will also can further divided within the two parts. Direct cost- This belongs to price ofthe quantity thatget connected to the manufacture of things as well as facilities. This is alsoget linked to the singlesubject of cost. This also get include theprice handledby the corporationthat gets sustained on cement, and sand Secondary cost-This category of Rate that cannot be related by approximately of the positive objects.Also, here are quantity of purposes that takes to get achieved in daily processes that gets connected from source and considered in below the secondary cost. Marketplace-This is the home where purchasers as well as manufacturers will get see to convey out the conversation procedure.This will also contain of numerous gatherings that get includes the traders, dealers, producers that get show the dissimilar role within the market place. This will largely get squeezed by the request as well as stockof the process of the products and goods. This get involve some of the elements of market that has been get discussed below; This is the market get related from the raw materials that all companies get require the rareresources to get crop the complete products. These are the dissimilar types of rare constituentsthathastobebecomeoperatedacrosstheworldwide.(Bancand Messeghem, 2020). The employment market-This is the marketplace is aimed at the individual that are get observing for the employment within the many spaces across the nations. as well as UK
have the numeral of service openings that get attracts the various number of opportunities that get attract the number of opportunities that get attract the number of prospective as well as the individuals to gain the advantages for the same. Environment- The business environment having the large number of the influence on the functioning within the company. Therefore, this is the duty of manager to get perform the scanning and will take those decisions accordingly. Political factor- This will get pose the huge impact on the organisational system of the company John Lewis in numerous ways, also that may have the positive and negative impacts. This will get includes the purchasing power of customers and taxes related to the business and custom duties and many more things. Apart from these the government will get draft the various laws, regulations, rules and policies that get adopted by the company to run its business within the successful manner. Economic factor- this will also get consist of exchange, current economic, deflation and the circumstances that will get prevailing the recent market place (Huchting, Zhuplev, and Lee) Cultural barriers; Within the business, the cross-cultural business as well as communication will get play a vital role in successfully get carrying out the business with the teams and the stakeholders within the other areas of the globe. When the communication gets effective within the company, everyone within the organisation gets benefits to get increase the bandwidth of the institutional knowledge as well as the competitive advantage there is also an ineffective communication. Moreover, this can get offend as well as confuse or get send the mis constructed message which could get lead to be the broken relationship in between the customers, partners, vendors as well as employees. Language barriers- This is one of the common and most vital cultural barriers within the communication of the business course as well as language. Therefore, the English is the common international language is get used by the John Lewis company. The employee will be facing more difficulties when the they are communicating in English, that sometime led to misunderstandings when they are taking the direction as well as understanding the different level of the urgency as well as communicating issues or their concerns. This will never get assume that because of their instructions and get receive the head nods. Within the company will get check after the real understanding by get asking with others to get summarize that what they just heard.
Cultural barriers- every of the culture has been the different set of the value as well as business ethics to the company John Lewis and also get accepted the behaviour and decorum that is even within the differential facial expression as well as gestures. This is really important to get understand this difference to get show the genuine respect for the other cultural moves of the business John Lewis. Trade Barriers; The Trade Barriers that can be get measured of the governments as well as public authorities that will get introduce to make the imported goods as well as services that is the less of the competitive than domestically produced goods and services. There are certain Trade barriers like Tariffs, quotas and subsidies that is the most common barriers of trade, but many of types of the government that get regulations and can be easily categorised as trade barriers. Tariffs; Tariffs are the legitimate barrier of the trade that is under the global trading that get regime to set up under the world trade organisation. The Tariff is generally a tax paid by John Lewis on the imported goods. If the business will get competes against the importers to supply the domestic market. This Tariffs may make the business product more productive (Iurkov and Benito, 2020). Subsidies; The government of UK company will get pursue the policies of get subsidizing some critical industries, that is whether for the political as well as economical reasons. The subsidy is the payment that will get made for the producers of some of the products. As well as get impact of the subsidies within the business that will get depend on whether they are receiving the payment or will get competing against the business. Market access requirements; The country UK will get restricts the imports, that is the way for the company John Lewis by get imposing the standards of Imports. The standards of import can be getting difficult to meet and often the changes with their limited once. If the John Lewis business supply chain get depends within the imported materials. Or if the business has been primarily will sells to the export market of the business. as well as sometimes this would be getting difficult to get predict the changes to the trade policy of the business (Kijkasiwat, Wellalage and Locke, 2021).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Ethical and social issues and methods of expansion When the market in UK countries will get offer the high profit potential than home to the market, this will make the sense to get expand the business internationally. As they get prepare for the expansion of the business and the target markets within the business, sometime company will get find the legal structures and the ethical frameworks that get different sometimes. The company John Lewis sometimes gets address the legal as well as ethical issues for entering within these of the markets to make the expansion of the success (Lee, Choi, Ghauri and Park, 2021). Differences in employment Laws- the wages as well as working environment of the several locations that will be sometimes difficult to manage by the company John Lewis, even when company also get fulfil all of the local as well as legal requirements of the company. If the company will get hire the workers, the face of the issues of what are their pay levels as well as working conditions that are get acceptable. However, this will be an effective approach to get develop the standard of the company that will get protect the workers while become fits into the local economy. These are the standards having the guarantee of the living wage, to protect the safety of the workers and get establish the reasonable total numbers of hours for work within a week. Pollution and environmental concerns- This generally does not happen in the country like UK because countries have some environmental legislation to make this an illegal to get pollute the companies and get may discharge some of the harmful substances within the environment and get avoid the cost-effective anti-pollution measures. This is an ethical approach to the expansion within such of the markets that helps to get limits the environmental footprints that is beyond the required for some of the social laws. The challenges of corruption- The companies are making the payments to get secure the business that they would not get otherwise to get obtain the guilty of some of actions related from the legal concerns that get under the UK foreign corrupt practices act. These are the payments that sometimes will this will seem to be customary, these are the laws used by the company John Lewis in order to get encourage their local system of the corruption by their some of the unethical behaviour (Mariotti, Marzano and Piscitello, 2021). Human right issues- The international business-like John Lewis will get face some of the dilemma in order to comparing with the standard of their home also there are some of the lacks
of the such right in the countries like UK. The company John Lewis gets try to impose their own strength as set their human right policies. This is related to the attempt to get establish the global standard for the human right that is get related from the business activities. Methods of expansion; For growing retail company like retail business this is both of the challenging aspects of the business. and after going through every challenge and get successfullyget impending obtainable with the moneymaking corporate.This is onlygetting usual pursue and habits to get enlarge those corporate. In reality various retails business will get find them within those kinds of situations. There is no proper way to get expand the small business. there are also so many strategies that get adopted by the company John Lewis to get explore the several different strategies and implement while expansion of the business in another countries (Melin, 2021). Add a new store location-when most of the owner of the business-like John Lewis think about get expanding its business, the first and sometimes the only things that will get come into the mind that will get opening the new stores. This has been the oldest form of get expanding its business within the effective way of making sure the products as well as services will get easily accessible. This is one of the most used offline strategies within the expansion of John Lewis. While creating the new location of the business that does not means to create the same existing store that they already have. New location comes up with the new client base. This means the company has been working for getting the more attention from the customers. Discover original sales networks-within thecontemporary creation of nowadays, they are get increasing the selling commercial is not getting only the limited to the opening of the physical location of the business but also, they are get focusing for taking the advantages of those technology get available. There are some of the good opportunities of the sales channels is will be opening within the online retail store of John Lewis. Creating the online store that may be sometime challenging for the business-like John Lewis. The company can make use of social media platform such as the Facebook Instagram are well known for get provided the required tools that will be get needed for running its business on social media platform. Enlarge to additional markets- most of the retail business are mainly get focused on the individual market segments. This is totally get based on the gender, interest lifestyle etc. while expanding the company John Lewis this will be the great strategy to get expand their other market segments that is nearly get related from the current business. however, before the
expansion of the John Lewis retail company within the any of the market, they will get needs to carry the retail business into any of the new market this analysis is get required and necessary for making sure the company is producing the right product according to the new market demand. Work with other company- as the john Lewis is already get handling the partnership company with the other business that is already get established. This will get allow to leverage of the opportunities in relation to dealing with the customer base that is already get prepared for the use of product. There are also some of the benefits of these strategies that get includes the cost saving as well as there will be an increase within the income as well as most of the marketing will not get challenging due to partnership of the business that will get required for the infrastructure of the business. Take Advantage of digital marketplaces;as the company John Lewis is already a big brand so, also for getting more expansion, this is one of the more ways for growing their retail business. Also, there are many of the market place in which the company can easily get displays its products and ready to become generate the orders. However, the online market places that get come with the huge client base as these are the platforms will be the first step of the availability of the products in a wide range and also get easily get searched by the customers. This will be also getting helpful in getting the products that is get listed on some of the platforms that will be one of the foremost steps of expanding the business (Minbaeva, and et., al2021). As from the above discussion the customers are the most important part of the business within the first place. However, this has no surprise that get improving the customer relation to the business will be the great way to get expand the John Lewis company and get increase the number of the honest customers and helps to make the base of customers. This is one of the great ways of get improving the experience of customers. As the business owner of John Lewis company, the company get wants to make sure the customers are happy or not and they are remaining loyal to their brand. However, by having the Loyalty programme within the business this will be the easiest way of getting their work done and company can achieve its target in most appropriate way. As well as there is also improving the experience of, the customers by actively got engaging with them. When the company like John Lewis having an online store. If they are thinking of how, they can develop their online retail shop. The other ways can get includes having the regular give ways that will get helpful in engaging with their local communities of the business by get optimizing the support of the business (Ratten and Jones, 2020).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
CONCLUSION From the above report the conclusion of the topic is as follows-The international business will denote to the employment of goods services, technology, capital or the knowledge across the world or limitations as well as the global or transactional ruler. This will also get comprises within the fractious borders and its transaction scales of properties as well as services in between two or more than two nations. Apart from this global management get permits the John Lewis to get recognised the maintainable brand image and good will inside the market place as well as get simplify to produce the revenue for high sales volume and profits
REFERENCES Book and journal; Ahmed, W. and Rashdi, M.Z., 2020. Understanding the influence of lean and agile strategies on creatingfirms’supplychainriskmanagementcapabilities.CompetitivenessReview:An International Business Journal. Banc, C. and Messeghem, K., 2020. Discovering the entrepreneurial micro‐ecosystem: The case of a corporate accelerator.Thunderbird International Business Review,62(5), pp.593-605. Hamid, M.A., Isa, S.M. and Kiumarsi, S., 2021. Sustainable tourism practices and business performance from the tour operators’ perspectives.Anatolia,32(1), pp.23-32. Huchting, K., Zhuplev, A. and Lee, J.M., 2021. Project-based learning in business education: Genesis and implications for strategic competitiveness. InAdvancing Online Course Design and Pedagogy for the 21st Century Learning Environment(pp. 226-263). IGI Global. Iurkov, V. and Benito, G.R., 2020. Change in domestic network centrality, uncertainty, and the foreign divestment decisions of firms.Journal of International Business Studies,51(5), pp.788- 812. Kijkasiwat, P., Wellalage, N.H. and Locke, S., 2021. The impact of symbiotic relations on the performance of micro, small and medium enterprises in a small-town context: The perspective of risk and return.Research in International Business and Finance,56, p.101388. Lee,J.Y.,Choi,B.C., Ghauri,P.N.andPark, B.I.,2021. Knowledgecentralizationand internationalR&Dteamperformance:Unpackingthemoderatingrolesofteam-specific characteristics.Journal of Business Research,128, pp.627-640. Mariotti, S., Marzano, R. and Piscitello, L., 2021. The role of family firms’ generational heterogeneity in the entry mode choice in foreign markets.Journal of Business Research,132, pp.800-812. Melin, M.M., 2021. The business of peace: understanding corporate contributions to conflict management.International Interactions,47(1), pp.107-134 . Minbaeva,D.,Muratbekova-Touron,M.,Nayır,D.Z.andMoreira,S.,2021.Individual responsestocompetinginstitutionallogicsinemergingmarkets.InternationalBusiness Review,30(4), p.101778. Ratten, V. and Jones, P., 2020. Enhancing policies and measurements of family business: Macro, meso or micro analysis.Journal of Family Business Management.
Ripollés,M.andBlesa,A.,2020.Andyet,non-equitycooperativeentriesdoimprove international performance: uncovering the role of networks’ social capital.Small Business Economics,55(3), pp.761-776.