Globalization changes the business environment and presents new opportunities as well as pose new challenges to organisations operating in a global business. This resource guide helps understand globalization and key related concepts. What is Globalisation ‘New’ vs. ‘Old’ Forms of Integration Globalization refers to the increasing integration of economies around the world, particularly through trade […]
Trade Protectionism: Impact of Tariffs and Trade Barriers on International Trade
There are benefits to free trade, but some parties could lose out as well; that is why governments may feel the need to interfere and regulate certain aspects of the trade. Let’s understand why governments control trade and identify methods governments use to control trade. Introduction to Trade Tariffs Tariff refers to taxes or duties levied […]
Equity theory of Motivation – Adams (1965) (Process Theory)
As per the equity theory of motivation, when people see fairness and justice around them, they are motivated, and if they see unfairness and injustice around them, they become demotivated. This is how human beings really feel when it comes to fairness. Equity Theory (Adams 1965) suggests that we compare job inputs (effort/experience etc) and […]
What trade risks and financial risks does a multinational company face?
With increased globalization, many companies see the benefits of engaging in international trade; there’s opportunity to earn more revenue and to place your products and services in front of a wider audience. However, a business should also weigh in the risks associated with international trade. While one can mitigate most of these risks, certain risks […]
GE-McKinsey Matrix / Directional Policy Matrix
The GE-McKinsey (9-box) Matrix (aka Directional Policy Matrix) is a tool that enables a firm to understand which are its strong products/segments, where it has a strong competitive position so that it can focus better on those areas. This tool enables a firm to carry out analysis of its portfolio of products or various areas […]
Walmart: Various Strategies
Here are various strategies adopted by Walmart over the years that has helped the company become a retail giant. Pricing Strategy The pricing strategy of “Everyday Low Prices” has been at the core of the business model of Walmart. This strategy is focused on selling goods at a lower price per item at all times, […]
New Product Development (NPD): Various Models
New Product Development (NPD) refers to the process or steps needed to produce a new product and introduce it in the market. In order to improve customer satisfaction and to increase market share, firms use strategies such as regularly introducing new products and improving upon variables such as cost, time and quality. Managing new products […]
Toilet paper shortage: Lessons in supply chain
Toilet paper shortage was a strange side-effect of the Covid19 pandemic. As lockdown was enforced in the US, people resorted to panic buying of toilet paper rolls resulting in several shortage on toilet rolls in leading retail stores. Here are lessons in supply chain learnt from the shortage. The Product – Toilet Paper While people […]
Logistics Management: Core concepts
Logistics management, a component of supply chain management, is the process of efficiently transporting goods from the starting point to the destination. It involves steps such as acquisition, storage and transportation of inventory. Here we will try to understand the Logistic concept, identify main activities and elements within logistics, recognise various modes of transport in […]
Ethical Issues in Photojournalism/Photography
Aaron Quinn raises the ethical issue of manipulating images in Photojournalism, through the use of computers, high-end camera gear and imaging editing software, as most readers feel that the images they see in newspapers and media is manipulated by journalists, as a result of which public trust is waning in journalism. Aaron Quinn says that […]
Ethical Issues with respect to Technology
Ethics is a branch of philosophy that studies morality, and Ethics in technology addresses ethical questions specific to the Technology Age. Professional ethics falls under the sub discipline of applied ethics as its purpose is to reason about, and answer moral issues, that arise in certain specific situations encountered by professionals. There are situations when […]
Kohlberg and Gilligan theory of moral development: Differences
Key issues in the ‘Kohlberg–Gilligan conflict’ and reasons why Gilligan criticized Kohlberg. Kohlberg’s research is based on the cognitive development theory in psychology adopting a functional perspective on ethical behaviour which assumes that: Individual behaviour is directed by moral beliefs. Moral beliefs enable individuals to understand and evaluate the behaviour of others. 18 year study […]
Top tips to avoid Plagiarism in your academic work
Here are top tips that will help you reduce plagiarism in your writing, even as you reference multiple sources of original content. Plagiarism is the act of taking someone else’s work and passing it off as your own. This includes incorporating either unattributed direct quotation(s) or substantial paraphrasing from the work of another/others/or yourself. It […]
Foreign Direct Investment (FDI): Basics, Concepts, Case Studies
Foreign Direct Investment (FDI) explained. Understand concepts, key terms, and also find case studies related to FDI. These terms are commonly used while talking about FDI. MNCs/MNEs – nomenclature of foreign business FDI-inward/outward Domestic/ cross border business Subsidiaries / affiliates / parent company Home country / host country Rankings / indexes- Ease of doing business […]
Best Online Plagiarism Checker: Free and accurate plagiarism detectors
The best online plagiarism checkers that accurately detects copied content. These are useful for checking your assignments and projects for originality. All educational institutions expect high-quality, original content from their students. While students understand this aspect and take the efforts to avoid plagiarism, the fact is that most completed works do have some amount of […]
US-China trade conflict
The US-China trade war has been escalating for some time now, especially after the Covid-19 pandemic. More companies are planning to diversify their supply chain after the Covid-19 pandemic crippled their business. Also, it’s getting too bureaucratic to be a foreigner in China and hence companies are looking to move to other countries in Asia […]
Price Control Mechanisms (Price Ceiling & Price Floor) Explained
Price control mechanisms explained. Pros and cons of Price Ceiling & Price Floor. Introduction A country’s standard of living depends on its ability to efficiently produce goods and services, and in general, trade is considered good and is always encouraged as it has the potential to make everybody better-off. In any market, there are buyers […]
Types of Market Structure
Types of Market Structure Monopoly In Monopoly market structure, only one firm dominates the market with no reasonable substitute available to buyers. Because there is no competition, this gives the firm a lot of power over the price that they can charge. Having said that, the revenue of the company will depend on what kind […]
Business Ethics & Responsibility: Theories, Definition, Principles, Examples
Business ethics addresses issues of right and wrong in decision making, but how does one decide what is right and what is wrong. Importance of Business Ethics Business ethics addresses issues of right and wrong in decision making. Law also tells us what is right and wrong but often law is the minimum acceptable standard. […]
ICSE Class-6 History & Civics: Revision notes, questions and answers, worksheets
ICSE Class-6 History & Civics: Syllabus, Revision Notes, syllabus, question and answers, worksheets. ICSE Class-6 History & Civics: Syllabus The following chapters are included in ICSE Class-6 History & Civics subjectTheme: The River Valley Civilizations Chapters: The Mesopotamian Civilization . The Egyptian Civilization . The Indus Valley Civilization . The Chinese Civilization. Theme: The Vedic […]
