1. How would you reference this article in a bibliography? 1. Nick Robins, “This Imperious Company” in The Corporation that Changed the World: How the East India Company Shaped the Modern Multinational (London: Pluto Press, 2006), 19-38. 2. How would you reference it in a footnote? 1 Nick Robins, The Corporation that Changed the World: How the East India Company Shaped the Modern Multinational (London: Pluto Press, 2006), 19-38. 3. What did the British East India Company (BEIC) do? The BEIC were granted exclusive control over trade with East India and thus dominated trade in the East. During 1620 the BEIC were constructing and maintaining ships to a mass combined total of 10,000 tons. By 1637 they began to lease ships, instead of constructing
The VOC monopolized the particular fields that they traded in such as spices which was 60 percent of world trade (Anderson, James 205). They traded 6 million pounds of cargo annually from countries all over the world. For example they exported copper from Japan, silver “Rupees” from India, and textiles from across the globe (Anderson, James 208). The VOC received these natural resources through treaties. As they proposed treaties, less powerful countries would not deny a trade agreement, for fear of the VOC’s power and dominance. Countries like Japan were often thrusted into agreements that may not have been mutually beneficial (Taylor, Larissa 74). By monopolizing these important natural resources the Dutch East India Company controlled important aspects of the economy like prices and quantity available. The Dutch East India company did not grow to become such an influential power overnight. Through the introduction of stocks they allowed people to invest in their business. They assisted in forming the first and oldest stock exchange in Amsterdam, Netherlands ("Dutch East India Company (DEIC)/VOC | South African History Online"). This paved the way for stock exchanges to become a common part of the modern world. The VOC grew immensely over the course of a short time period. At their peak they had thousands of employees, hundreds of ships, half a dozen shipyards in the
there have been many changes in commerce. One change in commerce over the years was who dominated Trade in The Indian Ocean. Over the course of this time period the Indian ocean trade was dominated by the Indians, the Chinese the Arabs and even the distant European powers. Their were also changes in what goods were traded. Some trade goods like the exotic animals taken from Africa to China that weren’t traded for longer then a few decades. The reason Ming China had imported animals was because they were in an age of exploration at the time and wanted to have some animals for their exotic royal zoo. Also sending great explorers like Zheng He showed their ability to travel to distant lands and take what they please. Another change was how things were traded. Over the course of the 1,100 years described many changes occurred in the world of sailing. China had many of these inventions with in it’s walls before this time period. China was so Ethnocentric .that they did not spread their inventions till generations after they were made, and even then it was often by accident The compass were great improvements on how sailors navigated to their destinations. The ships them selves also changed throughout this period. The Chinese Junks were incredible ships, vastly larger then the ones Columbus used, They were equipped with cannons to defend them selves from pirates and were, in their time the most impressive ships on the water. There are changes in commerce in the Indian
The structures of colonial social formations took a different shape, Using India as a classic example. The resulting structure was neither the unchanged pre-colonial system nor was it identical with that of conventional capitalism. It is properly designated as, I have suggested, a colonial mode of production.
Among other research articles, he is an author of “The Cosmopolitan Corporation’ published in Harvard Business Review’ in May 2011. In his short thesis, Ghemawat claims that the global approach to the business mangement many thinkers adopt is wrong. According to his dissertation “the vast majority of firms are deeply rooted in their home countries’. That is why, it is crucial to endorse cosmopolitan attitude of understanding and working with cultural, political and
This article dwells upon the post recession (of 2008) changing global business environment for the companies of developed countries. The author here predicts that the next decade will be characterised by weak global growth, high unemployment, costlier capital, stricter regulations and taxation and even increased protectionism. The author however has revealed the huge potential in the emerging markets (namely China and India) by stating the World Banks projection saying that the two countries will account for the 50% of global GDP by 2050. So, this article has tried to explain how a change in the strategic approach of the multinational companies (MNC) can help them benefit from these opportunities.
During the post-classical era, larger ships and improved commercial organization supported a dramatic sure in the volume and value of trade in the indian ocean basin
Mr. Ghanshyamdas Birla found no contradiction in pursuing business goals with the dedication of a saint, emerging as one of the foremost industrialists of pre-independence India. The principles by which he lived were immeresed by his grandson, Mr. Aditya Vikram Birla, the Group's legendary
The study of the internationalisation process of emerging market multinationals (EMNCs) has gained prominence in the last two decades. This is as a result of the economic growth and transformation witnessed among the emerging markets (EM) and the growth of EMNCs. The internationalisation phenomenon has resulted in a surge of interest from international business (IB) scholars (Athreye & Kapur, 2009; Hoskisson, Eden, Lau, & Wright, 2000; Hoskisson, Wright, Filatotchev, & Peng, 2013; Jormanainen & Koveshnikov, 2012). A critical observation of extant literature shows, however, that Asia and Latin America has dominated the study of EMNCs internationalisation for many years (Child & Rodrigues, 2005; Cyrino, Barcellos, & Tanure, 2010; Eren-Erdogmus, Cobanoglu, Yalcın, & Ghauri, 2010; Fortanier & Tulder, 2009; Olaya, Olaya, & Cuéter, 2012; Sim, 2005) and Bianchi, (2014). Sub-Saharan Africa (SSA) firms have also emerged as high profile multinationals increasingly engaged in foreign expansion especially across the region. Such firms for examples include MTN, First Bank of Nigeria, Eco bank of Senegal, Dangote, ShopRite, Equity Group holdings, Globalcom, SABMiller of South Africa, InterSwitch and Computer Warehouse Group to mention a few. These multinationals are emerging across different sectors, taking advantage of their home country business environment to internationalise (Initiative for Global Development and Dalberg Global Development, 2011; William, 2013). However, emerging SSA
Gandhi introduced the notion of trusteeship in order to make firms the temples of modern India: businesses
corporations to transcend beyond establishment and growth beyond just the parameters of its own nation,
This chapter explores the narrative built around multinational banking culture in two novels, If God was a Banker (2007) written by Ravi Subramaniam, and Puppet on the Fast Track (2011) by Ilika Ranjan. The two novels revolve around a major phase of socio - economic transition in India that began in the 1980s and continued throughout the 1990s. This period ushered in the concept of open door policy, liberalization, privatization, and globalization, all of which became buzz words in the Indian economy. As multinational companies and banks entered India, the banking scenario was leaping forward, beyond the nationalized structure, towards experimentation with the multinational banking concept. The two authors, Ravi Subramaniam, and Ilika
The British East India Company was an English and later (from 1707) British joint-stock company formed for pursuing trade with the East Indies but which ended up trading mainly with the Indian subcontinent.
Especially strategic divestments, as opposed to unplanned and unstructured divestments, can be a valuable opportunity for redefining a business in order to achieve long-term success (Benito & Welch, 1997). Further, companies regularly attempt to explore new market opportunities. Particularly, emerging economies with their huge consumer markets and enormous growth rates provide great potential (Kearney, 2012). Through their knowledge and expertise, multi-national companies have the capabilities to exploit these interesting markets (Gleason, Mathur & Singh, 2000). The essay at hand attempts to address these two topics. Frist, this paper illustrates the drivers for divestments from emerging markets and provides exemplary cases. Then, the essay elaborates on how Innocent Ltd (Innocent) can sustainably enter the Indian market.
Bharat Forge and Suzlon are two of the biggest Indian companies in the world today. These are two companies that made globalizing a top priority and this case study focuses on how these two companies managed to get themselves noticed and established on the world map. These two companies are manufacturers of very different products. Bharat Forge is very much focused on automotive parts, specifically on forging parts whereas Suzlon was a textile manufacturing industry which then turned its focus on wind turbines, turning it into a force to be reckoned with in the energy sector. This case study focuses
The East India Company was established by the British and then monopolized the trades towards the China. As the trades could not fulfil the ambition of the British, they requested for more benefits. However, the Qing court rejected and the relationship between the two countries came to a rapid deterioration. Unfortunately, after the out broke of the war, China became weaker than before.