International Dimension of Business Essay Example | Topics and Well Written Essays - 3000 words

International Dimension of Business - establish ExampleThis research will begin with the statement that todays global business purlieu has a fundamental requirement whereby understanding the international business is a necessity. Studying the developments involved in understanding new(prenominal) societies and cultures help enrich the lives of students and enhance their career opportunities. The theory of the evolution of the internet has shown in that location are no borders many companies have taken the opportunity to expand and venture into other environments with the celestial horizon of garnering effectively and cultivating an international clientele. The success of international business requires additional acumen compared to managing a local enterprise. devoted this perspective, in international business, you need to deal with not just traditional business values and functions, scarcely must understand and work from a worldwide point of view that incorporates culture, p olitics, monetary variables, and time among other factors as well. Being the fourth largest manufacturer of white goods, this caller is activate of the Chinas crown 100 Information Technology Companies that contribute to part of largest revenue turnover annually. due(p) to expansion, it has a drop off of 240 subsidiary companies as well as 30 design centers. Additionally, it has trade and install companies and accords over 50,000 employees to its make who mesh in different support companies in various parts of the globe. This company majors in technological research, financial services, trading activities, and in the manufacturing industry.... Thirdly, this company sought to expand globally where it began grabbing opportunities for transferring its quality temperament and brand name to both developing and developed nations (Cullen and Parboteeah, 2005280). As witnessed in the three categorical stages that this company based on while soaring to global margins, it is agreeabl e that it had to consider and formulate a human action of strategies. Fact-findings reveal that this company had to use a Total Quality Management system that helped it put in place a rigorous standard of strong brand name in its home country. afterwards implementing these new quality standards, the company was in a position to turn earnings only a year upon encountering a possible state of bankruptcy (Ding, 20024). While diversifying its products, it noted that other appliances such as microwaves and dishwashers as well as freezers were to expand since they go hand in hand with refrigerators. This company silent that, in order to maintain market grip and continue operating in the business, the company had to operate internationally. The companys financial background Being the fourth largest manufacturer of white goods, this company is part of the Chinas Top 100 Information Technology Companies that contributes to part of largest revenue turnover annually. Due to expansion, it ha s a record of 240 subsidiary companies as well as 30 design centers. Additionally, it has trade and plant companies and accords over 50,000 employees to its name who operate in different support companies in various parts of globe. This company majors in technological research, financial services, trading activities, and in manufacturing industry (Liu and Li, 20025). With respect to these business activities