Business PDF. GDHS

8/8/2019 Business PDF. GDHS

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InternationalBusiness

Opportunities andTrends

6.3 Mapping International Trends

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The Global Workplace

Career opportunities are becomingmore and more available in

international business and in activitiesrelated to international affairs

These changes point to a growing trend

or market for Canadians to sell andexport not just goods, but professionalservices as well

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Canada is very competitive with other

developed countries in selling services,and the future looks bright because ofthe great potential in selling services

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It is a Worldwide trend that that workerswill have more then one career duringtheir life time

Flexibility and skill portability will beincreasingly needed as enterprisesadapt to the changing workplace

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Expatriate - some one who lives and

works in a foreign country for anextended period

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Take Care of Yourself

Find a Mentor

Start Investing

Be Attentive to Children

Continue Learning

Tips for a Global Nomad

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Increased

InternationalCompetition

With the recent reductions in tradebarriers and the liberalization of trade,competition across borders hasincreased

Hyper-competitive companies succedthrough rapid product inovation, shorterdesign and product life cycle, and more

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Hyper-Competition

Has Been Caused By:

Customers worldwide demand betterquality products, often at lower prices

Rapid technological changes in theinformation revolution have made iteasier to enter markets or achieve

global reach in marketing

Competitors are more aggressive andbetter financed; planning for long term

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Continued

Government policies collapse entrybarriers. With Globalization and throughmultilateral negotiations, countries are

reducing tariffs, deregulation, andessentially saying: We are open forbusiness.

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In future international business, theboldest, fastest-moving firms are likely

to win. There will likely be moreproducts, shorter-life cycles, moremarkets, more people, and, of course,more competition worldwide.

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Industry in B.C and

Ontario

Film and television industries employabout 10 000 people, and spend closeto 1 billion dollars in Ontario

Automotive industry employs about50000 people and provide about 6times the jobs

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The United States

The Jean Coutu Group Inc. in Quebec

owns the 242-store Brooks Pharmacychain in six northeastern Americanstates and employs 4500 people.

Coutu plans to spend another 1 billiondollars in the U.S. as an expansion.

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U.S. to Canada

Companies such as Wal-Mart andKrispy Kreme have moved into Canadato compete with established businessssuch as Canadian Tire and Tim

Hortons.

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Over Seas to Canada

Many airlines from other countries aretrying to steal some of Air Canadasmarket by offering trans atlantic andtrans pacific flights.

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Looking to the Future

By 2015, Canada will be a fullparticipant in the globalization processand a leading player in the Americasafter the United States, along with

Mexico and Brazil.

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Global Information

Technology,Convergence, and

Infrastructure

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Communication

Technology is bringing togetherinformation, communication and people.

Convergence enables companies in thete lecommun ica t ions , consumer electronics, software, computer, and

entertainment industries to enter eachothers markets.

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Culture Change

For companies conducting businessinternationally, it is important to learnand adapt to different cultures, and totailor products accordingly.

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Wireless

Wireless communications are enabling

individuals and businesss to conducttheir work on the go, all over the world.It is connecting people to their personale-mail and internet in the blink of aneye.

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Transportation

As more and more people populate the

earth, we need better ways to transportthese people from destination todestination. Big, larger, and betterplanes trains and automobiles are beingcreated to do such a thing.

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Where are we

exceeding Not only is Canada a large provider for

primary resources, but we are earninginternational reputation for our worldclass expertise in the design andconstruction of information technology,

mines, refineries, gas plants andpipeline systems.

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The Internet

Because of Canadas huge input intointernational communication, andresearch, we have the most internetusers per capita, then any other country

in the world.

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Asias Global

Impact

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Asias population is quickly increasing,

and soon, the middle class of manyAsian countries will surpass the entirepopulation of north america.

By 2050, Asian will make up half of theworlds population, and 40 percent ofthe global economy.

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Whos the Leader?

Japans economic position is Asia in ona gradual decline, and that

considerations of China and expatriateChina now drive decision making.

66 percent of the products that used to

be manufactured in Japan and movedoutside due to lower manufacturingcosts.

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Because of Chinas huge population ofover 1 billion, it has a very large labourforce, yet its GDP is very low. Workers

incomes in Asian countries can varywidely though because of their differentdevelopmental stages.

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Global Consumer,Global Culture

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One Culture

As more and more business tend toconsumers in more and more countries,the culture in these countries tend toblend together.

When people can afford more and can

consume more, they become a biggertarget market for many business

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IKEA in China

Swedens IKEA furniture company hasrecently opened a store in China toreach a larger market

Because so many Chinese people arebuying their own homes, they will needto furnish it

The Chinese population is still quitepoor on average, and is finding IKEAs

roducts some what ex ensive

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Mono-Language

Another are of monoculture islanguage. Many companies andcountries are encouraging its peoples tolearn english.

Many business are conducting their

work in english and three quarters ofthe worlds mail is in english

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The Bad

However, there are legitimate concernsabout a monolingual workplace

Workers face the possibility ofdiscrimination

Many business people will tend to dobusiness in their own language or couldbecome bias

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verseas Creations Many products are being manufactured

internationally, and there fore are beingoffered to many more people

For example, chopsticks are beingmade from beach wood, in Minnesotaand then shipped back to Asia

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Style Change Through the increase of television use,

more people are watchingadvertisements from around the world.

Many north american style shoppingmalls are being created around theworld, forcing people the shop the same

way.

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Global Advertising

Three quarters of the worlds populationlive in poorer, undeveloped countries,

and do not have steady jobs andincomes.

As advertising reaches out to more

people, critics say that these poorerpeople will soon switch to globalcommercialism and materialism.

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Branding Product brand names and logos

represent global banners that areinstantly recognized around the world.

More people know the colour of theCoca-Cola logo then the colour of theUnited Nations flag.

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Technologies

Impact Because of the great leaps in

technology, people are becoming more

connected

By 2015, the world could see one largemono-culture

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Global Companies

versus Nations

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Wal-Mart the size of

Argentina? Many international companies are

becoming so big, that their yearly profit

and income are surpassing that ofsome countries

These countries are finding it hard to

keep control of its people when thesecompanies are bigger and morepowerful

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Conclusion

With all the new technologies cominginto play, business are becoming larger,and more able to conduct their workinternationally

More people are becoming connected

around the world, and changing it intoone

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