MindMap Gallery Factors influencing success in international business

Factors influencing success in international business

A mind map about the factors influencing success in international business.

Edited at 2020-12-19 18:39:13

MMDVc4X8

Factors influencing success in international business

MMDVc4X8

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factors influencing success in international business

globalization

when regional economies/cultures become integrated though foreign investment, international trade and the flow of money.

Globalization strategies

Multi domestic strategy

Customize products and services for local culture/norm

Transnational strategy

Combine best traits of global and multi domestic strategies

Global strategy

world as 1 huge market

people frown upon it as it doesn't support the poor and only promotes the rich

trade organizations

Other trade organizations

The world bank

Asia Pacific Economic Cooperation (APEC)

Organization of Petroleum Exporting Countries

International Monetary Fund (IMF)

Organization for Economic Development and Co-Operation (OECD)

Group of 20 (G20)

World Trade Organization (W.T.O)

Group of 7 (G7)

Meant to trade goods between other countries

trade agreements

An enforceable treaty between 2 or more countries concerning the movement of goods and services

Other trade agreement

European union comprehensive economic and trade agreement (CETA)

more beneficial/modern trade agreement than NAFTA

purpose is to create jobs and boost economic relations that strengthen Canada's trade with the EU

Canada Korea Free trade agreement (CKFTA)

Our first trade agreement in the Asia-Pacific region

increase Canadas business in the south Korean market

North American free trade agreement (NAFTA)

between Mexico, Canada and U.S to prevent borders

tax agrrements

A treaty between 2 or more countries that help avoid tax Evasion and double taxation

Tax Evasion

An illegal act where an entity doens't pay a true tax liability

Double Taxation

When the same income is taxed in two different countries during International trade

Canada has 92 tax agreements with countries

Paris agreement

made in December 2015

fights climate change

biggest climate change agreement ever made

The U.S left the agreement after 2 years

united nations in international business

created after WW2. made of 193 countries

U.N upholds 5 main objective

uphold international law

humanitarian aid

sustainable develpoment

human rights

world peace

made up of 5 sectors

general assembly

policy making and deliberative sector

security council

upholds world peace.

trusteeship council

territories admited for the people and worldpeace.

court of justice

solves debates between states

economic and social council

economic/social aspects

Bangladesh

is a main example of companies taken advantage of poor/unadvanced countries

harmful to many parties

workers have poor working conditions

workers have low wages

Jobs are lost as companies make more profit from cheap workers