International Business - 876 Words

1. What do you think has made Four Seasons successful over the last 30 years? Four Seasons is a leading provider of exceptional service. It rose to its leadership status through high quality personalized service and they have done so consistently, adding a lot of value to its customers. Workers were taught to be detail oriented and have a certain standard of professionalism, modesty and humility as management also helped clear tables, setting a culture of equality and high standards. President Antoine Corinthio’ views and being a cultural chameleon, allowed him to see that it is important to know the culture of a region before expanding in that area. 2. Do you think corporate culture play a role in Four Season’s success? If†¦show more content†¦Many multinational firms believe that their success and name can be carried over and nothing needs to change in order to be receptive in the new region that they are operating in. What is important and what Four Seasons realized, is that a new culture has customers with different perspective and appreciations, staff with different work ethics and culture, and society and media, which operate in very different ways due to being raised in a different culture. Managing a hotel, especially one that is geared heavily towards meeting customers’ expectations and providing a service, will not thrive if it just dumps the â€Å"American culture†. The company will be hurting itself if it does not do its homework and see what are the culture’s strengths, what they can leverage to make sure their new location thrives and resonates with the culture, so that the locals feel like it is part of their culture, and that they are not experiencing something foreign or being forced to work in a different culture. Four Seasons was strategic in also honing and slowly implementing some of the Four Seasons culture in order to maintain their standard, but also doing so in a nonintrusive way. It is important for firms to realize that certain changes have to be made in order to survive and thrive. For example, if McDonald’s had not done its homework and sold beef burgers in India, it would have certainly offended many of the localShow MoreRelatedInternational Business Ventures2671 Words   |  11 PagesInternational Business Ventures Measuring a potential business venture has many aspects which the international manager must be aware of in order to convey the correct information back to the decision makers. Being ignorant to any of the aspects can lead to a false representation of the project, and hence an uninformed decision being passed. In order for a business to survive it must grow. For growth to be optimal, management must first be able to identify the most attractive prospective leadsRead MoreChallenges of International Business Management1037 Words   |  5 PagesCHALLENGES OF INTERNATIONAL BUSINESS MANAGEMENT What are the challenges of International Business Management? International business management is a term that is used collectively to describe all commercial transactions which include; †¢ Private †¢ Governmental †¢ Sales †¢ Investments †¢ Transportation The above take place between two or more nations. It involves all business activities which partake in cross border activities of goods, services and resources between nations. PrivateRead MoreInternational Business1578 Words   |  7 PagesInternational business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. 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International business such as an essential subject for students around the world because international business is vital ingredient in entrepreneurshipRead MoreInfluential Factors of International Business and International Business Environment4145 Words   |  17 PagesA Business Growth and Strategy Project On INFLUENTIAL FACTORS OF INTERNATIONAL BUSINESS AND INTERNATIONAL BUSINESS ENVIRONMENT By: Ankit D Jethani 6937 Business Environment consist of every factors influential to the business operations. These factors are classified into two broad categories. These are: a) External or UncontrollableRead MoreInternational Business Environment6667 Words   |  27 PagesModule specification INTERNATIONAL BUSINESS ENVIRONMENT Code: PGBM04 Credits: 15 Level: Masters FBL, Business School Board: Postgraduate Business Studies Learning Hours: 150 of which 30 CONTACT hours Rationale 1. The international business environment is multi-dimensional, including economic, political, socio-cultural and technological influences. While each can be viewed in specific national settings, increasingly they have become interrelated through processes of globalisation. In particularRead MoreInternational Business5797 Words   |  24 Pagesof world output and world exports accounted for by the United States and other long-established developed nations is unlikely. FALSE 23. (p. 21) A current trend in international business is the growth of medium-sized and small multinationals, known as mini-multinationals. TRUE 24. (p. 22) Today, the risks involved in doing business in countries such as Russia are low, but so are the returns. FALSE 25. (p. 23) If the free market reforms in China continue for two more decades, China may move fromRead MoreInternational Trade As A Tool For International Business1707 Words   |  7 Pagesfourteen asks some very important questions regarding international trade as SME and MNE evolve globally due to technology. Therefore as international business continues to evolve companies are find easier ways to find importers and exporters from the comfort of their offices without the costly methods of travel and due diligences trying to find reputable companies to handle their needs. Using a variety of sources I will analyze international trade through the use of websites and go into detail aboutRead MoreBusiness Administration International Business Essay1784 Words   |  8 PagesBUSINESS ADMINISTRATION amp; INTERNATIONAL BUSINESS In the literal meaning, Business refers to an organized approach to providing customers with the goods and services they want. Business Administration has over the years taken the form of a formal field of knowledge, besides engineering medical and even closely-related Economics. In the 20th century, with the development and growth of business schools in America and Europe, the dynamics of business administration changed. With more research conductedRead MoreThe Problem Of International Business842 Words   |  4 Pages International business c Trade occurring between one or more countries worldwide. Balance of trade Difference in value of a countries imported and exported goods. Balance of payments Also known as BOP, is the monitoring of all international money transactions during specific times. Global dependency The dependency of one nation to another. Competitive advantage The advantage a company has over its competitors, allowing them to achieve greater