Introduction to International Business Environment
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Added on 2020-03-16
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Surname The Business Environment The Business Environment Student’s name Course University Date Contents Introduction 4 Types of organizations 4 Growth of international business environment 4 Franchising 5 Licensing 5 Joint venture 5 Global growth 5 International Growth 6 Orbits 6 Background information 6 Size of the organization 7 Orbits International 7 Mission, Vision, and value 7 Plan 8 Product and service 8 Conflict of interest 8 Legal structure 8 MTR 9 Background information 9 About MTR 9 Vision and mission 9 Value 9 Services and Facilities 10 Conflict of interest 10
Introduction to International Business Environment
Added on 2020-03-16
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Surname The Business EnvironmentThe Business EnvironmentStudent’s nameCourseUniversityDatePage 1 of 18
Surname The Business EnvironmentContentsIntroduction................................................................................................................................4Types of organizations...............................................................................................................4Growth of international business environment..........................................................................4Franchising.............................................................................................................................5Licensing................................................................................................................................5Joint venture...........................................................................................................................5Global growth.........................................................................................................................5International Growth..............................................................................................................6Orbits..........................................................................................................................................6Background information.........................................................................................................6Size of the organization..........................................................................................................7Orbits International.................................................................................................................7Mission, Vision, and value.................................................................................................7Plan.....................................................................................................................................8Product and service.............................................................................................................8Conflict of interest..............................................................................................................8Legal structure....................................................................................................................8MTR...........................................................................................................................................9Background information.........................................................................................................9About MTR............................................................................................................................9Vision and mission..............................................................................................................9Value...................................................................................................................................9Services and Facilities......................................................................................................10Conflict of interest............................................................................................................10Legal Structure..................................................................................................................11Yip, Tse, and Tang & Partner C. Ltd.......................................................................................11Background information.......................................................................................................11Purpose.................................................................................................................................11Mission and vision............................................................................................................11Market share.....................................................................................................................11Product and service...........................................................................................................11Page 2 of 18
Surname The Business EnvironmentConflict of interest............................................................................................................12Legal Structure..................................................................................................................12The functions of MTR......................................................................................................12Interrelationship:......................................................................................................................13Mission/Objective.................................................................................................................13Marketing/IT.........................................................................................................................13R&D/Marketing:...................................................................................................................13Marketing/HR.......................................................................................................................13Finance Department/Business development department......................................................13Organizational chart.................................................................................................................13Organisational Structure...........................................................................................................14MTR global expansion/development.......................................................................................14Conclusion................................................................................................................................14Bibliography.............................................................................................................................16Page 3 of 18
Surname The Business EnvironmentIntroductionIn the modern economy, international business has become relevant as companies integrate into a business strategy based on technology to progress and compete. The international business focuses on all commercial transactions evident across political boundaries. It is never limited to the business domains as it encompasses governments, coops,and NGOs that have to corporate across borders with different objectives. Based on the business perspective, the international business environment encompasses the multinational enterprises pursuing strategic success. Nonetheless, the currently growing business opportunities depend on the types of organizations. The most common types of organizations evident in the business environment include sole traders, partnership, public limited companies, private limited companies, and voluntary or public sector. Based on the international business environment, this paper will focus on MTR, Orbis, and Yip, Tse and Tang & Partner C. Ltd.Types of organizationsThere are different types of organizations across the world including sole traders, companies, partnerships, franchisers, and private companies. The sole proprietor is a businessstructure in which ownership is associated with an individual. The individual is the sole manager of the business. The owner takes full legal responsibility for the business. The traderis also responsible for the business finances. The partnership is a business organization founded on legal relationship involving at least two individuals. The partners may have different resources, skills, money, and other resources. These partners have also established a formula to share profits and losses based on the agreement. For a private limited company, the shareholders bear the ownership rights. These shareholders enjoy legal protection and offered limited liability. The private limited companies are owned a limited number of shareholders. The legal number of shareholders should be 50, owned by close friends or family members. Scholars EBay (2015) has demonstrated shares in the limited private companies can never be traded on the stock exchange or sold to the public. However, the owners can transfer these shares privately. The public limited companies are businesses, which offer the general public shares to raise capital. In most cases, PLCs trade their shares on the stock exchange markets. For the company to trade the shares, it must issue shares valued at £50,000. This structure of the business is evident in large corporations and established businesses. Finally, the public sector or voluntary form part of an economic system that is owned and controlled by the state. Through the public sector, the general population is guaranteed various government services.Growth of international business environmentGlobal expansion has become an essential strategy for businesses to increase theirmarket share. Nonetheless, the expansion has proved complex and costly. According toEntrepreneur (n.d), many investors strive to offset the risks and costs associated with globalexpansion by developing new global strategies. With strong reasons, companies address theleading strategic areas including global strategic motivations, global synergies, and globalconcentration. Companies including MRT, Orbis International, and Yip, Tse and Tang &Partner C. Ltd. can use different strategies to expand into the international markets. The mostPage 4 of 18
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