Post on 10-Apr-2018
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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