Globalisation And Culture Case Study

Topic I: Globalisation and Culture 1. Briefly explain what is Globalisation is?

For us students with different cultures, we define Globalisation as a part of our life which has a great impact in economic status of every country in the world. It affects the day to day flow of our living. Globalisation measures the activity of economy in the world. It makes a sense of connection to the whole world and also for the progression of changes in socio-cultural development. It varied on the changes that affect the context of commercial and technological terms. Financial markets and businesses have expanded elements towards economic productivity.

2. Explain some impacts of economic globalisation on your countries of origin living at least two examples.

It is the way we live, the way we think, what we have learned and developed. It varies depending on the areas we lived. Culture is develop by people and inherited by learning, genes, and heredity. Each person in the world has cultures that may be developed by own or developed by going to different places. Culture is a shared ideas of different people gathered from history and passed to the present generations. 5. Compare one of your countries with New Zealand on Hofstede’s four dimensions of culture of culture. Give evidence for your decision and explain how this might affect companies when they are doing business with companies in New Zealand.

We compare Power distance as dimension of culture with New Zealand. There is a difference on how our countries overlook equality of power distribution in the society. Philippines have a high distance of power distribution and people of low class are overlooked while New Zealand has a low distance because they look all people at the same level as with the higher authority like seeing a crew member as same as a CEO in the company.

Topic II: Theories of International trade and investment

1. Briefly explain what free trade is and why it is deemed to be

Briefly explain four types of trade policies the government of one of your countries uses to regulate with other countries.

2. Briefly explain both political and economic arguments which support the case for Government intervention in the free-market, with examples from one of your countries.

3. Explain what the TRIPS agreement is and how you think it may affect your country (does it cover your country?).

Topic V: Foreign direct investment and market entry modes

1. Briefly explain the four main ways firms can increase profits through international expansion. Find examples of firms which have used each method and briefly explain your conclusion.

2. Select one global company which operates in one of your home countries and describe what method of they have used to enter the market.

3. Identify the company which in 2012 obtained more than 90% of the shares in Fisher & Paykel, thereby triggering a compulsory takeover of the remaining shares. Give a brief history of this company and explain what strategy it is using in purchasing Fisher & Paykel.

4. Give a brief history of Fisher & Paykel and explain the two different strategies Fisher & Paykel had used to expand into overseas markets prior to