Mind Map Gallery Factors influencing success in international business
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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
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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