Business
Business related articles
NEVER MISS – This Is How Cost of Goods Sold Is Calculated
March 25, 2022
NEVER MISS – This Is How Cost of Goods Sold Is Calculated
Even though many of us are well conversant with Cost of Goods Manufactured and Cost of Goods Sold, many still…
The 9 Most Powerful Regional Trade Blocs in The World Economy
March 13, 2022
The 9 Most Powerful Regional Trade Blocs in The World Economy
Definition of Trade blocs: A trade bloc is an association of countries that work together to provide special deals for…
Different Tools Of Protectionism In International Business
February 10, 2022
Different Tools Of Protectionism In International Business
Protectionism is the discouraging of imports by, for example, raising tariff barriers and imposing quotas in order to favor local…
Globalization Issues: Political Risks in International Business
January 23, 2022
Globalization Issues: Political Risks in International Business
Despite the forecasts there are many impediments to the development of global businesses such as protectionism. Protectionism is the discouraging…
Using Porter’s Diamond to Develop Business Strategies
January 18, 2022
Using Porter’s Diamond to Develop Business Strategies
The factors in the ‘Diamond’ are interrelated. Competitive advantage in an industry rarely rests on a single determinant. Related industries…
Michael Porter: The Competitive Advantage of Nations
January 17, 2022
Michael Porter: The Competitive Advantage of Nations
Management developing strategy in a global environment needs to understand the competitive advantagesthey have over firms from other countries. Porter…
Ohmae’s Five Cs: Factors Encouraging Development of Global Business
January 16, 2022
Ohmae’s Five Cs: Factors Encouraging Development of Global Business
Globalisation is the production and distribution of products and services of a homogenous type and quality on a worldwide basis.…
Understanding The Importance of the Global Business Environment
December 25, 2021
Understanding The Importance of the Global Business Environment
The rapid industrialization from the 18th century was a consequence of early involvement of merchants and businesses in trade. In…
Strategic Case Study: Newspaper Industry-The London-based newspaper The Sun
December 14, 2021
Strategic Case Study: Newspaper Industry-The London-based newspaper The Sun
On 12 June 1993 The London-based newspaper The Sun dropped its cover price from 25p to 20p, claiming that this…