scholarly journals International business in the conditions of globalization

2021 ◽  
pp. 5-8
Author(s):  
Viktoriia HURALSKA ◽  
Yuliia PRODIUS ◽  
Serhii IZOTOV
Keyword(s):  
International Business ◽  
International Organizations ◽  
Large Scale ◽  
Structural Changes ◽  
Business Processes ◽  
Rapid Development ◽  
World Market ◽  
International Markets ◽  
Business Environment ◽  
Strategic Goals

Introduction. International business has big differences compared to business based within a certain country. The same principles which are used by national companies to ensure business processes in a particular country cannot be fully applied in international business. With this in mind, the study and analysis of the peculiarities of international business are necessary tasks. Many foreign and domestic scientists studied the process of development of international business in the context of globalization in their works, such as D. Johnson, K. Turner, S. Robock, S. Mocherny, S. Fomishin, EG Panchenko et. al. The purpose of the paper is to study the peculiarities of the development of international business in the context of globalization. Results. In recent years, the growth of international business has been impressive. This rapid development was influenced by two main reasons: the strategic goals of companies that contribute to the process of globalization, as well as the changing business environment. The processes of globalization and internationalization contribute to increased competition in international markets and cause certain structural changes in the external environment. Conclusion. Thus, globalization is a large-scale and multifaceted process that is developing quite rapidly. International business in the context of globalization is influenced by many factors, including: increasing the dependence of economies of different countries, the creation of transnational corporations, strengthening the competitiveness of the state in the world market, as well as the development of international institutions and membership in international organizations.

scholarly journals The Risk-Oriented System of Financial Provision in the Face of Globalization Changes

2020 ◽  
Vol 12 (515) ◽  
pp. 411-416
Author(s):  
O. V. Ptashchenko ◽  
Keyword(s):  
Internal Control ◽  
Structural Changes ◽  
Business Processes ◽  
Business Environment ◽  
High Tech ◽  
Labor Costs ◽  
The Face ◽  
Strategic Goals ◽  
Control Procedures ◽  
Oriented System

The article examines the main features of the risk-oriented system of financial provision, identifies the groups of risks arising in the business environment of the company, and focuses on the possibility of a risk-oriented system of financial provision in the context of globalization changes. Modern technologies play a crucial role in ensuring positive dynamics of social processes and causing structural changes in the social sphere. Recognition of high-techness as the basis of socio-economic development requires the introduction of modern management methods and instruments, including through the development of effective communication strategies for high-tech enterprises. The procedure for organizing internal control, including the duties and powers of the company’s divisions and employees, is determined by both the nature and the sphere of the company’s activities, the peculiarities of the management system. The basic principle should be: everyone be careful and compare labor costs with the results during the control. It must be noted that the organization and evaluation of the internal control system can be carried out with the participation of the company itself and/or external consultant. Control procedures are an integral part of the company’s business processes, and their goal is to exclude (reduce) the likelihood of risks falling into the scope of checkpoints and to link risk factors of business processes to the company’s strategic goals.

Innovation and Change Management

2011 ◽  
pp. 1-18 ◽  
Author(s):  
Mohini Singh
Keyword(s):  
Change Management ◽  
Large Scale ◽  
Business Processes ◽  
Business Environment ◽  
Scale Transformation ◽  
Business Partners ◽  
Business Results ◽  
Business Change ◽  
Management Paradigms ◽  
Technological Developments

E-business is an innovation that modern day organisations cannot do without. It is based on technology, evolves with technological developments, digitises and automates business processes, is global and leads to improved competitiveness, efficiencies, increased market share, and business expansion. E-businesses models include business-to-business, business-to-consumer, government-to-government, government-to-business, government-to-consumer and numerous others that evolve with new developments. Technological developments applied to e-business results in new issues in the organisation, in dealing with business partners and customers, requires new laws and regulations and automated business processes. Conducting business electronically is a change from traditional ways of doing things, leading to large scale transformation of existing business. To attain business efficiencies from e-business, it is imperative that organisations effectively manage the e-business environment, and all associated changes to digitize and maintain the environment. This chapter discusses management paradigms essential for e-business change management.

E-Business Adoption and its Impact on Performance

2010 ◽  
pp. 95-105
Author(s):  
Sabah Abdullah Al-Somali ◽  
Ben Clegg ◽  
Roya Gholami
Keyword(s):  
Business Performance ◽  
Large Scale ◽  
Business Processes ◽  
Business Environment ◽  
Scale Transformation ◽  
Business Partners ◽  
Business Operations ◽  
Multi Phase ◽  
And Diffusion ◽  
Insight Into

Organizations today face intense competitive and economic pressures leading to large scale transformation of existing business operations and transactions. In addition, organizations have adopted automated business processes to deal with partners and customers. E-business diffusion is a multi-phase process, moving from initiation through to routinisation and an insight into the adoption processes helps organizations to adopt e-business more effectively. It is imperative that organizations effectively manage the e-business environment, and all associated changes to accommodate the changing relationships with customers and business partners and more importantly, to improve performance. This chapter discusses the process of e-business implementation, usage and diffusion (routinisation stage) on business performance.

Instruments of Financial Legal Policy in the Countries of the European Union

2020 ◽  
Vol 11 (4) ◽  
pp. 1313
Author(s):  
Olha V. POKATAIEVA ◽  
Lesia A. SAVCHENKO ◽  
Oleksandr M. BUKHANEVYCH ◽  
Anton O. MONAIENKO ◽  
Olga P. GETMANETS
Keyword(s):  
Fiscal Policy ◽  
Large Scale ◽  
Business Processes ◽  
Legal Regulation ◽  
Business Environment ◽  
The European Union ◽  
Global Business ◽  
Common Features ◽  
Foreign Countries ◽  
The Usa

For the purpose of a more detailed analysis of the features of administrative regulation of fiscal policy, it is necessary to consider examples of fiscal regulation of business processes in individual foreign countries, as well as features of fiscal policy in the EU. For several decades in a row, the G7 countries – Great Britain, Italy, Germany, Canada, the USA, France, and Japan - determine world economic policy. Despite the periodic global economic crises, they are among the first to overcome their consequences and maintain a leading position in the global business environment. This happens due to a balanced fiscal regulation policy. Among their common features is that part of the GDP that they accumulate through leverage of fiscal regulation has a steady tendency for growth. Thus, over the past 40 years in France, this share has grown by 10.1%, and in Canada - by 10.9%. The paper shows that the theoretical basis of modern fiscal regulation in these countries is neo-conservatism, the basis of which is the importance of direct impact on production through targeted and large-scale tax cuts. The authors show that fiscal regulation in this case provides incentives for conservation and investment. Another important element is the reduction of government spending, mainly due to the implementation of targeted government programs. However, despite several common features, each country has certain features in the administrative and legal regulation of fiscal policy. The relevance of the study is determined by the fact that it is necessary to investigate these features in more detail through the lens the historical development of the administrative and legal regulation of fiscal policy in foreign countries.  

scholarly journals Foreign Trade of the Republic of Belarus in the International Business Environment

2019 ◽  
Vol 44 (44) ◽  
pp. 47-55 ◽  
Author(s):  
Olena Hrechyshkina ◽  
Maryia Samakhavets
Keyword(s):  
Foreign Trade ◽  
International Business ◽  
International Markets ◽  
Business Environment ◽  
External Factors ◽  
Foreign Markets ◽  
Current State ◽  
The Republic ◽  
Internal And External Factors ◽  
Further Development

AbstractThe aim of the paper is to assess the current state, problems and prospects for the development of foreign trade in the Republic of Belarus in the international business environment. The evaluation of foreign trade indicators is based on information from different sources and on comparative economic analysis research methods. Our results indicate the export-oriented economy of the Republic of Belarus, and its dependence on the state of foreign markets and the international business environment. The identified problems in the development of Belarusian merchandise exports are due to the orientation towards primary products, and to poor diversification of products and geographical destination. Particular attention is paid to the internal and external factors restraining exports from the Republic of Belarus. Further development requires the full use of the Belarusian export potential and the implementation of measures to promptly resolve the export difficulties on international markets that stem from internal and external factors.

A Comparative Study of Financing Innovation Capacity for Romanian SMEs in a Global Economy

2017 ◽  
pp. 69-84
Author(s):  
Ionica Oncioiu ◽  
Ioana Duca ◽  
Mirela Anca Postole ◽  
Marilena Ciobanasu
Keyword(s):  
Small Businesses ◽  
Global Economy ◽  
Business Processes ◽  
Rapid Development ◽  
International Markets ◽  
Information And Communication ◽  
Financial Profile ◽  
Innovation Capacity ◽  
And Performance ◽  
Innovative Capacity

The increasing economic importance of technology, information, business processes and human capital has been notified and considered. Small businesses are more affected than the large and very large ones in terms of innovation. The object of our analysis will focus on local analytical developments of the performance indicators resulting from the development of innovative capacity so as to achieve an economic and financial profile of several representative regions. The results of this study show that innovative Romanian SMEs will determine the achievement of competitive performance in domestic and international markets, as their fundamentals concerning the nature of products, knowledge, information and communication means used are experiencing a rapid development. Coherent and effective settlement of the innovation problems the SME sector is facing, starting with the causes that generate them, is conditioned by the operation in key areas which determine their functionality and performance.

scholarly journals ECONOMIC FACTORS AS ONE OF INTERCULTURAL FEATURES NEGOTIATING IN INTERNATIONAL MANAGEMENT

10.26458/1828 ◽  
2018 ◽  
Vol 18 (2) ◽  
pp. 161-171
Author(s):  
Shahriyar BADALOV
Keyword(s):  
International Business ◽  
Rapid Development ◽  
Business Environment ◽  
Negotiation Process ◽  
The Other ◽  
International Negotiation ◽  
Modern World ◽  
Economic Factors ◽  
Scientific Discussion ◽  
The Impact

Cultural varieties between negotiators are constant in international business negotiation processes. In our modern world, there is a rapid development of international connections in all kind of spheres of human activity. The major aim of this study is to analyse and develop knowledge on the characteristics of intercultural negotiation that will give opportunities to the national representatives to be determined to their particular types of cultures, as well as to endow the characteristics of different countries in some business spheres.On a regular basis, in order to manage the expectations of the other party to the negotiations, it is important to discover the values of the associated partner at the supply stage and to try to manage all the information in the negotiation process, understanding the values and context of the other party involved in the negotiation process in the right place in order to make somewhat useful expectations from the other side, which would help to escape new conflicts in various business bargaining processes.In general, is notable from everyone that culture impacts the time, the style, and the course of the negotiation process. If prevented, cross-cultural connections may weaken an organization’s position in the market, protect it from fulfilling its purposes and eventually lead to reverse of negotiation. The research paper is focused in the scientific discussion part on the impact of intercultural negotiations on the international business environment, it can ensure inspiration and guidance for entrepreneurs, as well as helping them to understand the complexity of economic factors as one of the intercultural negotiating features which is of more interest for the students who are working on cultural diversity and its impact on business. This research thoroughly connects the characteristics of various national cultures with different areas of international business and tries to show the relationship and complexity of international negotiation issues in different contexts. The article should be useful resource for experts, students and researchers who are conducting more research in this sphere.

scholarly journals THE ROLE OF THE INFORMATION SYSTEM IN THE MANAGEMENT OF THE HUMAN RESOURCES

2019 ◽  
Vol 26 (6) ◽  
pp. 1703-1708
Author(s):  
Vehbi Ramaj ◽  
Zenel Sejfijaj ◽  
Donikë Ramaj
Keyword(s):  
Human Resources ◽  
Business Processes ◽  
Rapid Development ◽  
Human Resources Management ◽  
Dynamic Environment ◽  
Business Environment ◽  
Strong Impact ◽  
Business World ◽  
Business Departments ◽  
The Impact

Human resources and their management are among the biggest challenges in today's business environment. Information and data are needed by the human resources manager to have sufficient knowledge in order to evaluate the performance of the enterprise in general.It is also important for leaders to be aware of the different types of technology that can improve organizational effectiveness.Technology has changed the business world, and this has happened frequently and year after year. In the information age, the advantage of using computers and the internet has increased the impact significantly.Technology and information nowadays is the basis of business development and has a strong impact on the productivity of organizations, achieving its main objective such as profitability.For the realization of this papera methodology is used that consists of a combination of primary and secondary data.Secondary data are the result of a review of a wide literature on change management, which has served to construct hypotheses and the theoretical model presented and tested in this paper.The primary search is based on the data collected through questionnaires distributed to businesses.In surveys conducted for this research paper, the results show that the impact of contemporary technology is on the rise.This impact is noticeably present in all areas, parts, business departments, including in an almost broader aspect and the Human Resources department. This impact is clearly seen in the process of recruiting, training, how to organize or document storage data and management performance. Enterprises that develop their business in this dynamic environment are also characterized by ongoing changes and can not function without the use of information technology. Globalization of the market and the rapid development of information and communication technology have influenced the IT system to have a more important role in business processes than in the past. IT systems are being used today by businesses at all levels of the organization's management, and in all its functional areas, from finance, accounting, marketing, human resources to production. Social and organizational changes in the economic environment are numerous and wide. Accordingly, it is important that human resources management (HRM) becomes more and more qualitative, fast, flexible and consistent with future trends, as it is one of the successful business parameters.

scholarly journals COMPETITIVE ADVANTAGES OF INSURER IN THE CONTEXT OF DIGITAL TRANSFORMATIONS OF INSURANCE BUSINESS IN UKRAINE

2021 ◽  
Vol 05 (03) ◽  
pp. 34-43
Author(s):  
Olga Sosnovska Olga Sosnovska
Keyword(s):  
Large Scale ◽  
Business Models ◽  
Business Processes ◽  
Market Competition ◽  
Business Environment ◽  
Insurance Companies ◽  
Technological Innovations ◽  
Competitive Advantages ◽  
Advantages And Disadvantages ◽  
Insurance Business

The paper substantiates the need to ensure the competitiveness of insurance companies as an imperative of their successful functioning and innovative development. It is noted that in the context of the development of digitalization and changing the conditions of market competition, the key task is the presence of competitive advantages in the insurer – its unique characteristics, skills, resources, results and opportunities that allow withstanding the competition that exists in the insurance market. Based on indicators of insurance companies assessment by potential consumers of insurance services, internal and external competitive advantages are systematized as the main competences of ensuring the competitiveness of the insurer. It has been established that the current stage of the development of the insurance business is accompanied by a large-scale digital transformation in all spheres of economic activity, and the progressive digitalization of insurance relations is a key competitive advantage of insurance companies. The necessity of changing traditional business models and introduction of technological innovations to ensure a new level of quality of insurance services and preservation of competitive positions in the insurance business environment is substantiated. The directions of providing competitive advantages of the insurer on the basis of digitalization are proposed, among them the development of online communications through the Internet and social networks, a flexible approach to the offer of insurance services, automation of the insurer's key business processes, underwriting on the basis of big data and advanced analytics, interaction with InsurTech companies. The advantages and disadvantages of the insurance business development on the basis of digitalization are determined. Keywords: digitalization, competitiveness, competitive advantages, competencies, insurance business, technological innovations.

Review of Big Data Applications in Finance and Economics

2021 ◽  
pp. 181-202
Author(s):  
Ulkem Basdas ◽  
M. Fevzi Esen
Keyword(s):  
Big Data ◽  
Financial Services ◽  
Continuous Flow ◽  
Large Scale ◽  
Business Processes ◽  
Rapid Development ◽  
Large Scale Data ◽  
Big Data Applications ◽  
Scale Data

Massively parallel processors and modern data management architectures have led to more efficient operations and a better decision making for companies to process and analyse such complex and large-scale data. Especially, financial services companies leverage big data to transform their business processes and they focus on understanding the concepts of big data and related technologies. In this chapter, the authors focus on the scope of big data in finance and economics. They discuss the need for big data towards the digitalisation of services, utilisation of social media and new channels to reach customers, demand for personalised services and continuous flow of vast amount of data in the sector. They investigate the role of big data in transformation of financial and economic environment by reviewing previous studies on stock market reading and monitoring (real-time algorithmic trading, high-frequency trading), fraud detection, and risk analysis. They conclude that despite the rapid development in the evolution of techniques, both the performance of techniques and area of implementation are still open to improvement. Therefore, this review aims to encourage readers to enlarge their vision on data mining applications.

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