Global Business: Competitiveness and Sustainability

Author:   Riad A. Ajami ,  G. Jason Goddard
Publisher:   Taylor & Francis Ltd
ISBN:  

9781138551794


Pages:   262
Publication Date:   19 October 2017
Format:   Hardback
Availability:   In Print   Availability explained
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Global Business: Competitiveness and Sustainability


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Author:   Riad A. Ajami ,  G. Jason Goddard
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Weight:   0.521kg
ISBN:  

9781138551794


ISBN 10:   1138551791
Pages:   262
Publication Date:   19 October 2017
Audience:   Professional and scholarly ,  Professional and scholarly ,  Professional & Vocational ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Chapter One: Global Business: Competitiveness and Sustainability 1 Globalization: Detractors and Supporters 2 Global Business: The Balance of Competitiveness and Sustainability 4 Thematic Definition of the Field of International Business 10 Chapter Two: International Marketing 11 What Must Be Done: The International Marketer’s Dilemma 11 To Centralize or Decentralize: The First Key Decisions 12 Ethnocentric, Geocentric, & Polycentric Approaches 14 Product Decisions 14 Promotional Tools 16 Personal Selling 17 Sales Promotions 18 Publicity and Public Relations 18 Pricing Decisions 18 Pricing Methods 19 Placement Decisions: Distribution of Products 22 The Importance of Placement 22 Factors Involved in Distribution Decisions 23 Summary 26 Discussion Questions 27 Bibliography 28 Appendix: A Checklist for Export Marketing 30 Chapter Three: International Finance 33 Financing International Business 33 Working Capital Management 33 Intra-company Pooling 36 Hedging Against Inflation 37 Managing Blocked Funds 37 Transfer Pricing 39 Capital Budgeting and Financial Structure of an MNC 40 Exchange Control Restrictions on Remittances 40 Political Risks 40 Tax Considerations 40 Sources of Funds 41 Currency of Borrowing Investments 41 Different Inflation Rates 42 Letters of Credit in International Trade 43 International Capital Markets 43 The Emergence of International Capital Markets 44 National Financial Markets 45 The Euromarkets 46 International Equities Markets 49 Emerging Markets 51 Summary 52 Discussion Questions 53 Bibliography 54 Chapter Four: International Accounting 55 What is Accounting? 55 Differences in Accounting Practices Among Countries 56 Factors Affecting Accounting Systems 56 What Type of Differences Emerge? 57 Differences in Valuation 58 The Impact of Accounting Differences 58 Differences in Disclosure 59 Segmentation of Accounting 60 Social Reporting 62 Policy Formation and Harmonization 63 Determining Policy 63 Policymaking in the United States 63 Policymaking in other Countries 63 Harmonization 64 Regional Harmonization Efforts 65 Special Accounting Problems 66 Differences in Currency Exchange Rates 67 Consolidation Problems 70 Inflation 72 Transfer Pricing and Costing 73 Other International Accounting Issues 74 Accounting for Expropriation 74 Planning and Control 74 Auditing 75 Summary 75 Discussion Questions 75 Bibliography 77 Chapter Five: International Taxation 79 Why Taxes? 79 Types of Taxes 80 Income Taxes 80 Transaction Taxes 81 Value-Added Taxes 81 Excise Taxes 82 Extraction Taxes 82 Tariffs (Border Taxes) 82 Tax Compliance and Tax Enforcement 82 International Taxation 85 Taxes: MNC 85 Taxes: U.S. Controlled Foreign Corporations 85 Double Taxation 86 Tax Treaties 86 Foreign Tax Credits for U.S. Corporations 87 Special Issues and Problems in International Taxation 89 Tax Havens 89 Transfer Pricing 90 Unitary Taxes 90 Tax Incentives for International Business 91 Foreign Sales Corporations 91 Domestic International Sales Corporations 92 U.S. Possessions Corporations 92 Influence of U.S. Tax Law on Corporate Operations 93 Taxation of Individual Foreign Source Income 93 Expenses of U.S. Expatriates 94 Summary 94 Discussion Questions 95 Bibliography 96 Chapter Six: International Staffing and Labor Issues 97 Organizing a Multinational Corporation 97 Function Structure 98 Regional Structure 98 Product Structure 98 Matrix Structure 98 International Staffing 98 Recruitment 98 Selection 99 Training 100 Motivation 101 Managerial Staffing 101 Value to Firm 101 Branch Manager versus Home Office: Who Is In Charge? 102 Branch Managers: Who Should Firms Choose? 103 Choosing Branch Managers: Selection Criteria 104 Labor Pool 104 Corporate Policies 104 Desired Local Image 104 Local Employee Incentives 104 Existing Methods of Selection 105 Potential For Culture Shock 105 Training Branch Managers 105 Alternative Models 106 Compensating Branch Managers 107 Wages 107 Taxes 107 Repatriating Branch Managers 107 Reverse Culture Shock 107 Ethical Issues 108 Female Managers Overseas 108 Overseas Assignments as Dumping Grounds 109 International Labor Issues 109 Managing an International Work Force 109 Wages and Benefits 110 Job Security and Layoffs 111 Labor Productivity 112 Technology 112 Labor Unions 113 MNC Tactics 122 Counter-Tactics by Labor 123 International Unions 123 Codetermination 124 Summary 124 Discussion Questions 125 Bibliography 126 Chapter Seven: Managing Global Operations and Technology 127 Operations, Technology, and International Competition 127 International Production and Operations 128 Worldwide Standardization 128 Supply 128 Control 129 Controlling Strategically 129 Areas to Control 129 Designing the Local Operations System 132 Plant Location 133 Plant Layout 133 Materials Handling 133 Staffing 133 Production and Operations Management 133 Productive Activities 134 Supportive Activities 135 Just-In-Time System 136 International Technology 136 Diffusion of Technology 137 Technology Development 137 Technology Transfer 138 Choice of Production Technology 139 Pricing Technology Transfers 141 Protecting Technology 142 Management Information Systems 142 MIS in an MNC 142 Corporate Reports 143 International Data Processing: Integration Issues 144 Should International Firms Go Global? 145 Summary 146 Discussion Questions 147 Bibliography 148 Chapter Eight: Global Business Cases 149 Global Business Cases 149 Competitiveness Cases: Myanmar: The Last Global Frontier 150 (G. Jason Goddard) Increasing Market Share at Acme Industries 154 (Van R. Wood VCU et al) Attractiveness of Global Markets 166 (Gregory Keller Wright State) Hedging with Foreign Exchange 175 (Anonymous) Sustainability Cases: Lilly Pharmaceuticals: Triple Bottom Line and Values-Based Leadership 183 (Joseph Petrick, Wright State) Corporate Diversity Initiative 190 (Anonymous) International Real Estate Investor 196 (G. Jason Goddard) Cooperative Workforce Development: Public-Private Sustainable Linkages 206 (Jennifer Winner & Riad Ajami) Privilege Capital 213 (Martina Roskova) Glossary 223 Index 232 About the Authors 238

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Author Information

Riad A. Ajami is currently Professor of International Management and Global Strategy at the Raj Soin College of Business at Wright State University, USA. Professor Ajami is the Editor-in-Chief of the Journal of Asia-Pacific Business and Editor-in-Chief of the Haworth International Business Press Series in Asia-Pacific Business. He has appeared on national television and radio, including, among others, Nightline, the PBS News Hour, NBC News, CNN, National Public Radio and CBS Radio. G. Jason Goddard is Vice President at Wells Fargo Bank, where he has been a commercial lender for over 20 years. He obtained his MBA from the University of North Carolina at Greensboro, USA. Mr. Goddard is currently Adjunct Professor at Wake Forest University and UNC-Greensboro, and is the Associate Editor of the Journal of Asia-Pacific Business, where he has authored numerous articles. Mr. Goddard teaches the investment real estate course at Wake Forest University, USA, and has taught international business and international finance at UNCG and in Ludwigshafen Germany at the University of Applied Sciences.

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