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Study Resources (Business Management)

3. Consult www.phrma.org, The Pharmaceutical Research and Manufacturers of America. What steps is the branded industry taking to address the various ethical issues it faces, such as providing affordable drugs to poor countries? Ethical Issue: Counterfeit Drugs Ethical Issue: Disaster Response- Rx Response .
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2. Transparency International (www.transparency.org) publishes   information about the nature of corruption around the world.  Suppose you worked at a firm that makes computer software and wanted to begin doing business in Brazil and Russia.  Your task is to examine reports and indices on these countries at the Transparency International site.
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2. Volvo (www.volvo.com) and Pilkington (www. pilkington.com) are major multinational firms with operations that span the globe. Investigate these firms by visiting their websites, as well as www.hoovers.com (a site that provides specific company information) and globalEDGE™. For each company, describe its ownership-specific advantages, location-specific advantages, and internalization advantages. Pilkington’s Advantages .
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? APPLY YOUR UNDERSTANDING 1. For business enterprises to thrive, some minimum conditions must be present, including recognition of private property rights and limited government intervention. To what extent may totalitarianism, socialism, and democracy interfere with the ideal commercial environment for firms? .
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3. Consult www.phrma.org, The Pharmaceutical Research and Manufacturers of America. What steps is the branded industry taking to address the various ethical issues it faces, such as providing affordable drugs to poor countries? Ethical Issue: Intellectual Property Rights Washington, D.C. (June 29, 2007) — Removal of Trade Preferences for Brazil and Thailand Ethical.
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4. Consult the TRIPS agreement at the WTO portal (www.wto.org). What are the latest developments regarding this treaty? What types of protection does this treaty provide to pharmaceutical firms? What enforcement mechanisms does TRIPS provide for ensuring that these protections will be carried out? .
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5. Consistent with Dunning’s Eclectic Paradigm, describe the ownership-specific advantages, location-specific advantages, and internalization advantages held by Hyundai.  Which of these advantages do you believe has been most instrumental to the firm’s success? Justify your answer. Location-specific advantages .
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? APPLY YOUR UNDERSTANDING 1. (Ethical Dilemma) You were recently hired by ThunderCat Corporation, a major aircraft producer with a manufacturing presence in numerous countries. ThunderCat’s sales personnel constantly travel the world, selling fighter jets and commercial aircraft to airlines and foreign governments. You are keenly aware that countries vary enormously.
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5. Consistent with Dunning’s Eclectic Paradigm, describe the ownership-specific advantages, location-specific advantages, and internalization advantages held by Hyundai.  Which of these advantages do you believe has been most instrumental to the firm’s success? Justify your answer. Internalization advantages  Which of these advantages do you believe has been most instrumental to.
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9.FDI-based explanations of international business evolved over time.  Describe the evolution of these explanations from monopolistic advantage theory, through internalization theory, to the eclectic paradigm. Internalization Theory Dunning's Eclectic Paradigm           .
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2. Volvo (www.volvo.com) and Pilkington (www. pilkington.com) are major multinational firms with operations that span the globe. Investigate these firms by visiting their websites, as well as www.hoovers.com (a site that provides specific company information) and globalEDGE™. For each company, describe its ownership-specific advantages, location-specific advantages, and internalization advantages. Volvo’s Advantages .
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2. Transparency International (www.transparency.org) publishes   information about the nature of corruption around the world.  Suppose you worked at a firm that makes computer software and wanted to begin doing business in Brazil and Russia.  Your task is to examine reports and indices on these countries at the Transparency International site.
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1. Your company is interested in importing wines from Argentina. As part of the initial analysis, you want to identify the strengths and possible weaknesses of the Argentine wine industry. What are the conditions that make Argentina a favorable location for wine cultivation? Provide a short description of the current.
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2. In terms of Factor Proportions Theory, what abundant factors does Hyundai leverage in its worldwide operations? Provide examples and explain how Hyundai exemplifies the theory. In what ways does Hyundai’s success contradict the theory? Justify your answer. What abundant factors does Hyundai leverage in its worldwide operations? .
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1.Supranational organizations such as the World Bank (www.worldbank.org) and the World Trade Organization (www.wto.org) oversee much of the legal framework within which the world trading system operates. Political frameworks for industries or country groupings are influenced by organizations such as the Organization of Petroleum Exporting Countries (www.opec.org) and the Organisation.
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2. In terms of Factor Proportions Theory, what abundant factors does Hyundai leverage in its worldwide operations? Provide examples and explain how Hyundai exemplifies the theory. In what ways does Hyundai’s success contradict the theory? Justify your answer. In what ways does Hyundai’s success contradict the theory? .
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? APPLY YOUR UNDERSTANDING [2] Economist Lester Thurow once posed the following question: “If you were the president of your own country and could choose one of two industries in which to specialize, computer chips or potato chips, which would you choose?” When faced with this question, many people choose potato.
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3. The World Bank wants to alleviate world poverty. The Bank provides information about conditions in developing countries, which it uses to measure progress in economic and social development. World Development Indicators (www.worldbank.org/data) is the Bank’s premier source for data on international development. The Bank measures more than 800 indicators.
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2. (Ethical Dilemma) Royal Dutch Shell has been doing business in Nigeria since the 1920s and has announced new plans to develop oil and gas projects there. However, over the years Shell has experienced a series of complex issues. Its operations are centered in Nigeria’s Ogoni region, where the local.
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2. When companies venture abroad, managers seek information on the legal and political environments in each country. This information is available from various Web sources, as illustrated in the following exercises. (I) Suppose you want to sign up distributors in the European Union and want to learn about EU contract.
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9.FDI-based explanations of international business evolved over time.  Describe the evolution of these explanations from monopolistic advantage theory, through internalization theory, to the eclectic paradigm. FDI-Based Explanations Monopolistic Advantage Theory .
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4. The Korean government has been instrumental to Hyundai’s success. In terms of national industrial policy, what has the government done to support Hyundai?  What can the government do to encourage future success at Hyundai? What can the government in your country to do support development or maintenance of a.
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[3] (Ethical Dilemma) In order to reduce poverty in Africa, government officials want to increase African exports to Europe. Africa’s top exports include agricultural products, such as meat, coffee, peanuts, and fruit.  However, the European Union (EU) imposes high trade barriers on the import of agricultural products. There are various.
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1.Various organizations have devised international standards for ethical corporate behavior. These include the United Nations “Universal Declaration for Human Rights” (available at www.un.org), the OECD’s “Guidelines for Multinational Enterprise” (www.oecd.org), the International Labour Organization’s “Minimum Labor Standards” (www.ilo.org) and the U.S. Department of Commerce’s “Model Business ­Principles” (www.commerce.gov). Visit these.
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1. Specify the types of country risks that pharmaceutical firms face in international business. How do the political and legal systems of countries affect the global pharmaceutical industry? 2. People need medications, but the poor often cannot afford them. Governments may not provide subsidies for health care and medications. Meanwhile,.
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3.What is the difference between the concepts of absolute advantage and comparative advantage?  4.Summarize factor proportions theory. What factors are most abundant in the following countries: China, Japan, Germany, Saudi Arabia, and United States? Visit  globalEDGE™ for helpful information. .
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