International Business Practices
International trade has played a critical role in Canada's
development. It contributed significantly to the way Canada was
However, international business now looks dramatically different
from the way it did when
Tertiary Industries do not make anything or extract anything
from the earth but provide necessary services to other
businesses and consumers.
Banking, construction, communications and transportation are
major tertiary industries.
Foreign Portfolio Investment
Many Canadians invest in businesses by purchasing stocks, bonds
and financial instruments.
Canadians do this to increase their wealth or save for retirement.
Some of these investments are made outside of Canada. Foreign
Hudsons Bay Co.
The Body Shop
Popular Canadian Retailers that are Foreign Owned
Costs of a global strategy
The costs of operating a global strategy may be greater than
the benefits see academic research from Douglas and Wind,
Rugman and Verbaeke, Ghemawat and others.
Set against these benefits, there are at least six economic costs
Strategic Alternatives: Multidomestic strategy
The multi-domestic strategy is an action plan that the firm develops
to produce and sell unique products in different markets. Multidomestic strategy is an extension of the home replication st
Why is global strategy important?
There are at least four answers to this question depending on the
From a company perspective: international expansion provides the
opportunity for new sales and profits. In some cases, it may even be the
Alternative Strategies-Global Strategies
What is global strategy? And why is it important?
Global Strategy is a shortened term that covers three areas: global,
multinational and international strategies. Essentially, these three
areas refer to those strat
Strategic Alternatives: Home replication strategy
Home replication strategy is the international replication of home
such as production scales, distribution and brand power. The
product development fu
Alternative Strategies-Transnational Strategy
A transnational business conducts operations in several
countries with varying degrees of coordination and integration
of strategy and operations, according to Newcastle Business
School professor George Stone
Sources of Competitive
1. Global Efficiencies: Global efficiency is a company's ability to
optimize how their employees, vendors, and suppliers commit
to the best ecological practices, eliminate or reduce waste, and
productively create safe and
Global VS Location Efficiencies
1. Location Efficiency
2. Economies of Scale: In microeconomics economies of scale are
the cost advantages that enterprises obtain due to size, output,
or scale of operation, with cost per unit of output
Strategic management involves the formulation and implementation
of the major goals and initiatives taken by a company's top management
on behalf of owners, based on consideration of resources and an
assessment of the internal and external environments i
Factors Affecting International