Classification of the foreign market entry modes.

Answer: A foreign market entry mode is an institutional arrangement that makes possible the entry of a company’s products, technology, human skills, management or other resources into a foreign country. A domestic company that contains its market, the question of entry mode as distinguish from market entry (the marketing plan) simple does not arise.   Read More

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How to design foreign market entry strategies?

Discuss the elements of foreign market entry strategies. Designing Foreign Market Entry Strategies Company may enter into foreign markets for several reasons; Some go because home markets are stagnant and foreign markets are faster. Other may follow their domestic customers who are going international. Services companies—computer, engineering, insurance etc. Still other firms in oligopolistic industries Read More

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Terminology of International Business.

What do you understand by International Business? Explain the terminology of International Business. Answer: International Business conducts business transactions all over the world. These transactions include the transfer of goods, services, technology, managerial knowledge, and capital to other countries. International business involves exports and imports. International Business is also known, called or referred as a Read More

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Intelligent Support Systems.

What is Intelligent Support Systems? Discuss about the Decision support systems (DSS), Executive information systems (EIS) and Artificial intelligence and expert systems (AIES) Answer: Intelligent support systems (ISS) are systems that facilitate decision requiring the use of knowledge, intuition and experience. Systems that fall into this category are: A. Decision support systems (DSS): Decision support Read More

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Transaction processing systems.

Discuss the characteristics and steps of transaction processing systems. Answer: A transaction processing system is an information system that records company transactions (a transaction is defined as an exchange between two or more business entities). A transaction processing system meets the needs of operational managers; the output of the TPS becomes the input to an Read More

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Explain the General Systems Theory. Describe the characteristics of systems.

Answer: The world in which we live is full of systems. Human bodies, business organizations and galaxies are all systems. Although systems theory may appear a bit abstract, we study it for a number of important reasons; System: A system is a collection of parts that work together harmoniously to achieve specific goals. A system Read More

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Importance of Management Information System.

Why students should study Management Information System? Why organization’s Need Information Systems? Answer: Today, every student, regardless of his or her area of specialization, must have a solid foundation in the theory and principles of information systems. There are several reasons for this. First, in an information-based society, the primary output of organizational workers consists Read More

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Management Information System.

  Scopes of Management Information System. Answer: Management information systems are a broad class of systems that provide decision makers with the information necessary to make effective decisions in a world that has almost overnight become an “electronic showroom”. Such systems are competitive tools that allow organizations to create new, innovative products and service quickly, Read More

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What is market driven strategy? Discuss the characteristics of market-driven strategy.

Answer: Market-Driven strategy is the long term planning of a business to provide the maximum value or advantages to the customers. The main target of the market driven strategy is to provide maximum value to the customers. According to David W. Cravens & Nigel F. Piercy: “Marketing-driven strategy provides a companywide perspective which mandates more Read More

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What is investment strategy? Discuss the factors of choosing an investment strategy.

Answer: An investment strategy refers to the amount and types of resources– both human and financial–that must be invested to get a competitive advantage. In deciding on an investment strategy, a company must evaluate the potential returns from investing in a generic competitive strategy against the cost of developing the competitive strategy. In this way, Read More

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