State and discuss 2 specific things you learned from doing an original research project (paper) as an activity for learning about international business in enterprises and organization. Use examples and course concepts to support your response. (what you have got from the informant that you could not get it from online). It is important for the organization to blend different culture into the corporate culture. For example, when I asked my informant about the role of the foreign workers at Tim Hortons, the informant told me that they play a significant role his shift as most of them give their best in learning lots of things especially in dealing with difficult customers. According to the hofstede model, people from Philippines need personal …show more content…
He also realized a lot of things with them, not only work but also in life. From this example, foreign workers’ values are different as it is obtained from their country. This can be explained by using the hofstede model. Philippines has close long-term commitment to the member 'group', be that a family, extended family, or extended relationships. This means that employers in Philippines evaluate the workers depending on the group performance. On the other hand, Canada is more individualistic society where employers value the employees depending on their individual performance (Hofstede, …show more content…
For example, Apple company is the company who succeeded globally. They ignored the innovation of the competitors and differentiated themselves by producing the products such as iphone, ipad, and ipod. The company focused on what people want and need instead of satisfying the consumers. The company normally focused on one version of the product instead of releasing diverse version of the single product. Minimize the competitive risk Business want to prevent threats that could occur from the gain that competitors might have advantage in the market. For example, Two companies compete in the same domestic market. Company X may fear that Company Y will make money from a foreign market if left alone to serve that market. Company Y may then use those profits in various ways like advertising or development of improved products to improve its competitive position in the domestic market. Entering foreign markets could stop a competitor from gaining advantages. 2
in the international markets. The main objective is to keep the current competitor advantages of
If an industry is profitable, it will become a magnet to attract more competitors looking to do same business with us. If it is easy for these new entrants to enter the market, this poses a threat to the firms already competing in that market. Threat of new entrants is one of the forces that shape the competitive structure of an industry (Marc, 2014). A high threat of entry means new competitors are attracted by the profits of the industry and can enter the industry easily. New competitors entering the marketplace can make the market share and profitability of existing competitors more threaten cause the existing competitor to make some changes to existing product quality or price levels. A high threat of new entrance can make an industry more competitive and decrease profit potential for existing competitors whereas a low high threat of new entrance can make an industry less competitive and increases profit potential for the existing
Businesses are not only faced with competition within the industry they operate in. They also face competition from businesses in other industries.
Furthermore, as we think everywhere in the world, to have good work connections can facilitate a deal. Surround with faithfully people is something important, especially if they have already good relations in the country. If a Filipino makes a favour, Mr Duss will have to remember this and to return a favour when it will be possible.
When dealing with intercultural business a person should be well aware of the characteristics of the culture he is to be in contact with. He should be well prepared to face attitudes not common in his home country.