The internationalization strategies and activities of Bentley in China Dissertation

The internationalization strategies and activities of Bentley in China - Dissertation Example COMMENDATIONS 35 7.1 Revisiting Hypotheses 35 7.2 Recommendations 36 References 38 1. INTRODUCTION International business concerns with the transactions (service to foreign markets) that take place across the national borders, they usually involve more than one country (Punnett 2011). International business differs from domestic business because in international business there are variations in commercial environment and requirements (Punnett 2011). International business is much more complex to manage and involves money conversion. Working in international markets must be done within the limitations imposed by international trade and investment system. There are more risks involved in international business as well such as political risk, cross-cultural risk, exchange rate risk and commercial risk (Hendrix 1991). Despite these risks, firms go global because they get access to wider markets for their products, they can realize economies of scale and/or scope, and they can benefit fro m experiential learning (Hiriyappa 2013). An understanding of globalization is also necessary when studying international business (Khanna, Palepu &Sinha 2005). Globalization is a greater integrated and interdependent world economy that has resulted in greater integration of goods market, production and supply and labor and capital market (Mrak 2000). Although the purpose of globalization was to improve the economy of the world and to remove trade barriers (Trade in a Globalizing World, 2008), globalization today has emerged as a big challenge for businesses. It has become relatively difficult to identify the internationalization strategies and choose the countries to conduct business with (Hill 2005). It has been observed that most multinational firms follow the traditional internationalization strategies and thus struggle to make their presence felt in the host country. It has also been observed that multinational firms find it easier to invest in developed countries rather than e merging economies. Firms find choosing the correct internationalization tool and the appropriate mode of entry particularly difficult when entering an emerging market (Palepu, n.d.). 1.1 Research Purpose, Aims and Objectives The main aim of this research study is to explore the process of internationalization in the context of an emerging economy. China is selected for this study and internalization strategies and activities of Bentley has been explored. The study aims to explore in detail the theories of internalization and then apply it on the case of Bentley that how Bentley has managed to excel in China so well in the face of competition and globalization. The study

ART-opinion paper Essay Example | Topics and Well Written Essays - 500 words

ART-opinion paper - Essay Example The visit to the art gallery was a memorable one, since one could devote sufficient time to browsing and discussing unique aspects about the art pieces with the helpful attendant on duty at that time. Also, since the visit was during afternoon hours, there were few visitors around, and a leisurely viewing was possible. The glass-fronted facade of the gallery permits an exciting view into the interiors, which are well lit with the help of numerous focus lights from the dark ceiling. Inside the gallery, the interiors are designed for displaying art pieces at their best. Backgrounds in pastel shades such as peach walls and surfaces, and sky-blue stands hold Western contemporary and abstract paintings, graphite and pastel drawings, sculptures, photography, raku pottery, bowls, designer jewellery and blown glass art pieces, each unique and distinctive. The eclectic collection of art in several mediums and genres from various sources, artists and craftsmen, is representative of some of the best in creativity from the western world. All the artists associated with the art gallery are local and regional Denver artists who are highly talented, some of whom have been nationally and internationally recognized for their artistic abilities. These original art works are infused with the energy, knowledge and sp irit of the artists whose creative skills are captured as a moment in time. Artists develop their distinctive style or technique over several years of formal and informal training while progressively mastering their craft. The paintings of wild animals in their natural habitats such as a doe and her young fawn, those of nature, country scenes and extraordinary sky-scapes compete for space with urban life depicted through towering sky-scrapers and buildings. All the art works are worthy of gracing any distinguished home, office or other space. The intrinsic value of fine art increases progressively and is a good