Globalization of Small Economies as a Strategic Behavior in International Business
Globalization of Small Economies as a Strategic Behavior in International Business

Author: Sergio A. Castello

Publisher: Routledge

Published: 2014-05-01

Total Pages: 170

ISBN-13: 113678246X

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This book postulates the proposition that small economies exhibit a higher degree of outward orientation and structural adaptability, compared to their larger counterparts within the context of the European Union and two case studies (i.e. Catalonia and New Zealand). The number of nations has doubled in the last half of the century to around 200 independent economic units. Moreover, the break-up of the former Soviet bloc into a large number of small independent nations in Central and Eastern Europe, and the continued threat of separatist groups (i.e. Canada, Spain, and Sri Lanka) have sparked economists' interest to focus on the size of nations once again. This book offers a more comprehensive measurement of smallness than the conventional one for the analysis of the globalization strategies and flexibility of countries to overcome smallness. Small independent economic units, when economically successful, tend to be more export focused in manufacturing, likely to specialize in differentiated manufactures, more actively involved with direct overseas businesses, more sensitive in strategically managing exchange rates, likely to be in a better position to achieve price stability, more actively involved in international trade through varying degrees of economic integration, likely to have a higher degree of flexibility, more actively involved to forge a complementary government-firm relationship, and likely to have a higher degree of corporatism.

Globalization of Business
Globalization of Business

Author: John O. Okpara

Publisher: Adonis & Abbey Publishers Ltd

Published: 2008-10-30

Total Pages: 344

ISBN-13: 1912234505

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Globalization, an inevitable phenomenon in human history, has been bringing the world closer through exchange of goods and services, advancements in information communication technologies (ICTs), global diffusion of technologies, and cultural awareness. Recent developments and trends within the global business arena present managers with challenging situations. Competing in the twenty-first century and beyond requires firms to invest in the increasingly refined managerial skills needed to perform effectively in a multicultural business environment. Global companies are faced with varied and dynamic environments in which they must accurately assess the political, legal, technological, ethical, and cultural factors that shape their strategies and operations. The success of a company's global operation often depends significantly on the manager's cultural skills, as well as the ability to carry out the company's strategy within the context of the host country's business practices. While globalization is a vehicle for, and a consequence of human progress, it is also a confused process that requires change. The change process presents the manager with challenging strategic options. Globalization of Business: Theories and Strategies for Tomorrow's Managers addresses the above challenges. It offers managers and business students strategies on how to become globally competitive in a complex international management environment. Contributors to the volume offer their insights into the issues every global manager needs to understand such as the nature of the global business environment, entry mode choice, global strategic positioning, global human resource management, human rights and ethical issues. The book covers general as well as specific topics, including assumptions, theories, and practices of globalization. It is expected that the book will enable business students, managers and corporate leaders to avoid common drawbacks in their quest to build a successful global firm that will benefit all.

Globalization of Small Economies as a Strategic Behavior in International Business
Globalization of Small Economies as a Strategic Behavior in International Business

Author: Sergio A. Castello

Publisher: Routledge

Published: 2014-05-01

Total Pages: 170

ISBN-13: 1136782478

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This book postulates the proposition that small economies exhibit a higher degree of outward orientation and structural adaptability, compared to their larger counterparts within the context of the European Union and two case studies (i.e. Catalonia and New Zealand). The number of nations has doubled in the last half of the century to around 200 independent economic units. Moreover, the break-up of the former Soviet bloc into a large number of small independent nations in Central and Eastern Europe, and the continued threat of separatist groups (i.e. Canada, Spain, and Sri Lanka) have sparked economists' interest to focus on the size of nations once again. This book offers a more comprehensive measurement of smallness than the conventional one for the analysis of the globalization strategies and flexibility of countries to overcome smallness. Small independent economic units, when economically successful, tend to be more export focused in manufacturing, likely to specialize in differentiated manufactures, more actively involved with direct overseas businesses, more sensitive in strategically managing exchange rates, likely to be in a better position to achieve price stability, more actively involved in international trade through varying degrees of economic integration, likely to have a higher degree of flexibility, more actively involved to forge a complementary government-firm relationship, and likely to have a higher degree of corporatism.

Globalization and Entrepreneurship
Globalization and Entrepreneurship

Author: Hamid Etemad

Publisher: Edward Elgar Publishing

Published: 2003-01-01

Total Pages: 272

ISBN-13: 9781843767084

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Globalization has begun to dismantle the barriers that traditionally segregated local business opportunities and local firms from their international counterparts. The works in this collection provide new insights on both traditional and emerging aspects of small and medium sized enterprises.

Global Business
Global Business

Author: Daniel Johannes Venter

Publisher: Oxford University Press, USA

Published: 2007

Total Pages: 428

ISBN-13:

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This book aims to increase the understanding of global business issues and helps to develop a global business mindset for managers of small, medium and large companies.

Internationalization Strategies for Small Business
Internationalization Strategies for Small Business

Author: Konstantin Klaus

Publisher: GRIN Verlag

Published: 2019-05-14

Total Pages: 22

ISBN-13: 3668938229

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Seminar paper from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, University of applied sciences Frankfurt a. M., course: Strategic Management, language: English, abstract: This paper focuses on different internationalization strategies for small business. The current term paper should explain the basics by defining the essential terms. Subsequently, reasons and motives for internationalization strategies listed for small business. As a result, conceivable market entry forms are to be set out with their advantages and disadvantages. Based on the strategy forms, the opportunities and risks that could arise for small and medium-sized enterprises (SMEs) in an international market entry strategy are then highlighted. Finally, in the last chapter, a conclusion is drawn and daring a look into the future for the small business. Internationalization has undergone a dynamic development in the past three decades. The main driving force were the political changes in the world. This political opening also led to a disproportionate growth in the world trade. These changes also affect small and medium-sized companies and are a current challenge, that should be raised, which is also reflected in the close ties, between the Term middle class and foreign trade shows. The globalization of the economy is forcing medium-sized companies to rethink and restructure their business processes and value chains. However, SMEs lack specific prerequisites for carrying out international business activities. Not just capital and management but also the knowledge of internationalization is a significant success factor. Nevertheless, SMEs can develop opportunities and successfully translate them into an international activity that, especially because of its niche strategy, aims to meet the special needs of international clients that can not satisfied by large companies A niche production or export, however, is not enough to assert oneself against international competitors in the long term. That is why influences like use of technical advances, short product cycles and fast and active presence abroad to internationalize the value chain of the company. For a successful and targeted internationalization strategy for small business, it should be necessary to create a concept that includes motives, market entry forms, possible potentials and conceivable obstacles.

Global Corporate Strategy and Trade Policy
Global Corporate Strategy and Trade Policy

Author: Alan M. Rugman

Publisher: Routledge

Published: 2017-10-10

Total Pages: 244

ISBN-13: 1351401351

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At the end of the twentieth century, international business functioned in an environment dominated by the triad of economic power formed by the USA, Japan and the European Community. Multinational corporate strategies had to be formulated within the context of intense global competition between these three economic blocs. This book, first published in 1990, analyses the interplay between the trade policies adopted by the major powers and the competitive strategies of international corporations. With particular reference to trade relations between Canada and the USA, the effects of Japanese multinational dominance and the implications of European economic integration, this volume throws new light on the interaction between international business and government trade policies.

Globalization and Business Practice
Globalization and Business Practice

Author: Barbara Parker

Publisher: SAGE Publications Limited

Published: 1998

Total Pages: 680

ISBN-13:

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`The material is excellent in terms of relevance today... I compliment Professor Parker on the way she has approached the material, which is up to date and useful.'Robert Moran, The American Graduate School of International Management, Thunderbird, ArizonaWhat is globalization? How have the world economies changed in recent years? What impact do these changes have on business and management practice? Through creative use of examples, case studies and exercises from organizations worldwide, Globalization and Business Practice demonstrates the many levels at which globalization impacts on contemporary businesses, society and organizations and elucidates the ways in which different globalization trends and factors interrelate.Focusing on an integrated approach to understanding the effects of global trends such as new technologies, new markets, and cultural and political changes, the book enables students grasp understand the wider implications of globalization and apply this to their study and comprehension of contemporary business and management.Each chapter opens with a current case which introduces the key concepts covered in the chapter. Illustrations of globalization follow and these are used to consider the effects of worldwide integraton on organizations, management and international business theory. The concluding section of the chapter reviews the key chapter concepts, provides a list of review and discussion questions and gives references to further reading. The author provides her own additional material in separate sections to support each chapter of the book on her Internet homepage: http://fac-staff.seattleu.edu//r/

Small Countries in a Global Economy
Small Countries in a Global Economy

Author: D. Salvatore

Publisher: Springer

Published: 2001-03-13

Total Pages: 311

ISBN-13: 0230513190

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This book addresses the issues surrounding the prospects of small countries in an integrated, globalized world. The contributors support the thesis that the new global environment does not represent a twilight for small countries, but recognise that the honeymoon has not been as comfortable as others had expected. They demonstrate that by entering the global arena or by consolidating into regional alliances small countries do not 'lose', and may even gain sovereignty in areas previously closed to them.