The Government Intervention Of International Business Essay

When governments amongst nations conduct in international business, it exposes them to increased risks and costs through unfair trade and bribery in order to obtain a competitive advantage or power. Mercantilism explains why the government intervention of international business increases the chances of these risks. Mercantilism is the theory that explains, the government will maintain their economy and trade to promote their own domestic industry at the cost of the other country leading to unfair trade (Pettinger,2016). As all governments will not play by the same rules, there is an increase in risks such as unfair tariff policies or bribery in order to gain a competitive advantage. In fact, many governments across nations will use these unfair actions to gain an increase in power. Hill (2015) states that nations like China are striving for a more neo mercantilist policy (a more modern theory of mercantilism where economic power is the equivalent to a trade surplus) to gain a trade s urplus. During most of the 2000s, their exports have been increasing whereas their imports have not grown because they have been limited by an import substitution policy. While China is able to benefit from the trade surplus, it is at the cost of another nation where the money that will be paid for those imports will decrease. Therefore, government intervention in international business increases risk like unfair trading to gain a competitive advantage. The government also increases the cost ofShow MoreRelatedGovernment Intervention And Its Effect On Foreign Markets Essay1310 Words   |  6 PagesDoing business internationally had become easier, nowadays business is acknowledged to be international and there is a general expectation that this will continue for the foreseeable future. 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The main reason for why there is such a significant difference between the two types of business is due to the increased risk associatedRead MoreGovernment Intervention On Kazakhstan Oil Industry Essay1535 Words   |  7 PagesStudent Name : Tinglin Zhang Subject : AFFIN102A Principle of economics and economic theory in practice Assignment : Essay Topic : Government intervention in Kazakhstan Oil Industry The world concerned problem today is the energy problem. Among other reasons of its country is growing thirst for oil and gas made thus a matter of strategic energy security. Oil is the stratagem industry in the development of economy and society. As the Kazakhstan’s oil industry is speeding developing, becoming oneRead MoreInternational Trade Management Lecture Notes Essay1632 Words   |  7 PagesInternational Trade Management Lecture 1 Juney Notes Globalisation Debate Lecture Objectives: 1. 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What Made Alexander of Macedon Known as Alexander the...

Why Alexander of Macedon is called â€Å"Alexander the great† and most successfully man in conquering the world known kingdoms? The answer is easy forward. Even though today after twenty-three centuries no man has accomplished like Alexander did. Alexander the Great, the king of Macedonia is one of the greatest military Intelligence of all times. Alexander was born in 356 BC in Pella, the ancient capital of Macedonia. He was son of Philip, King of Macedonia, and Olympias, the princess of neighboring Epirus. Alexander spent most of his childhood with his mother while his father transform Macedonia into great powerful kingdom. Alexander’s mother Olympias was responsible for guiding his formative years. Olympias told Alexander when he was a kid†¦show more content†¦Alexander grew up to conquer the world regardless the cost. Alexander’s military successes was beyond believe, because he conquered Asian minor and Egypt in a decade. The size of the army led by Alexander it vary in different books but according to Arrian (Ptolemy) , there was 32,000 infantry and 5100 cavalry, agree by Diodorus (17.17)(page 34). Even though with this small army Alexander the Great smashed the Persian with less difficulty. †Alexander, therefore, while the enemy’s attention was engaged by the siege engines and the attempted assault within their sector , order the Guards, the archer, the Agrianes, and his personal guard to hold themselves in readiness, and himself, with a few men only, crept unobserved by the dried-up water-course, under the wall, into the town. Once inside he broke open the nearest gates and admitted the rest of the troops without difficulty† (Page 204). First, Alexander order to his siege engine was to build batter defense and force an entrance through the breaches, soon something has changed his tactics. There were a stream, under the bed, Alexander soldiers pass under the town and opened the gate. While the Cyropolis wer e engaged in the front. Alexander the great took the town and killed about 8,000, the rest surrounded. Alexander brought down the greatest empire in the world at that period, without difficulty and mostShow MoreRelatedAlexander Was A Great King978 Words   |  4 PagesAlexander was a great king. Not only was he known as Alexander the Great, but he was also known as a classical leader,and many other things. Since he was young he was taught by a very intelligent philosopher, Aristotle. He learned so many things that later in life helped him to become a strong leader. Alexander will always be remembered for the great leader he was. Alexander was born on July 20 or 21, 356 BC, In Pella, Macedon. He was the son of Philip II of Macedon and Olympias of Epirus.Read MoreAlexander The Great : Why Is Alexander Considered Great?1669 Words   |  7 PagesALEXANDER THE GREAT Why is alexander considered great? 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There were many attributes that made Alexander â€Å"Great.† He was a brilliant strategist and an inspired leader; he led by example and was a conquerorRead MoreAlexander: Truly Great Essay1433 Words   |  6 PagesAlexander, son of King Philip II of Macedon, is known as Alexander the Great. However, was he truly great? One may look at his many accomplishments to decide if he deserves the title. Sometimes character is the test of determining if a man is great. Alexander meets both standards with his philosophic background, conquering abilities, victories in battle, and outstanding accomplishments; therefore, he truly meets his title as Alexander the Great Alexander was born in 356 B.C. to King Philip II fRead MoreSources Of Information About Alexander The Great1599 Words   |  7 PagesAlexander the great 1. Evaluate the ancient writers as sources of information about alexander the great Alexander the Great was born in the Pella region of Macedonia on July 20, 356 B.C., to parents King Philip of Macedon and Queen Olympia. Alexander the great served as the king of Macedonia from 336 to 323 BC. During his time leadership he united Greece reestablished the Corinthian league and conquered the Persian Empire, alexander was known as a conqueror during his time at the helm. He also becameRead MoreWho Was Alexander The Great?1457 Words   |  6 PagesWho was Alexander the Great? History has recorded that he was a man of many feats. Born in Macedonia he would later become an excellent solder, a great man and an intelligent politician. Many look to him as one of histories greatest leaders and greatest of men. Being the young man he was and the leader of a nation, it brought out a hunger for victory. Shown by his military tactics and the amount territory that he conquered. His wisdom and intelligent mind may have been due to the fact that his mentorRead MoreAlexander the Great vs Napoleon Bonaparte, What I Got so Far Essay822 Words   |  4 PagesWhen we think of Alexander the Great, we think of an outstanding war hero. When we think of Napoleon Bonaparte, we think, again, of an outstanding war hero. If a random person were asked who either of these rulers was, their first response would be a fact about war. Alexander and Napoleon share similarities in their warfare, and how they used it to conquer and establish new lands. Alexander the Great’s strong perseverance and incredible battle strategies led to increase his power over his empireRead MoreAcient and Medieval Western Civilization766 Words   |  3 Pagesthe point when Alexander the Great died in Babylon on June 11 323 BC, few could have known the prospects for the Macedonians and the Greeks. 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I believe he perfectly exemplifies the qualities of a person whose leadership and legacy has had great effectRead MoreAlexander IIi Of King Of Ancient Greece1147 Words   |  5 PagesAlexander III of Macedon or commonly known as Alexander the Great was a King of Ancient Greek kingdom Macedon and a member of the Argead dynasty. He spent most of his ruling years on an extraordinary military campaign through Asia and northeast Africa and by the time he was 30 he had created one of the largest empires of the Ancient world, stretching from Greece to Egypt and into northwest India. Alexander is thought to be by most people as the greatest military command that ever lived however this

Business Operations Internal Controls

Question: Discuss about the Business Operations for Internal Controls. Answer: Introduction: The unauthorised use of purchasing systems could result in serious loss each year due to overspending on unnecessary resources. In addition, the misappropriation of products or services is another impact, which be used for personal benefits (Dumas et al., 2013). Therefore, the fairness of the purchase reports and invoices could not be maintained, which, in turn, would reduce the profitability of the organisation. In addition, the ineffective plans of supply chain management and project management lack in mechanism, which has lead to maverick spending. Thus, it clearly depicts the lack of completeness on the part of Fruito in managing its expenditure cycle. Acceptance of short delivery of products or services: Since the issue is concerned with the ordering and receiving portions of the expenditure cycle of Fruito, there is high chance that the inventory manager might place excess order of goods despite the available stock. The main reason identified behind such act is the outcome of collusion (Hull, 2012). Along with this, the receipts might not be confirmed for the goods purchased. As a result, the accounting manager of Fruito might not be able to pass the necessary transactions for such receipts, which would significantly affect the preparation of the financial statements. Hence, the accuracy in developing the accounting reports would be minimised. Acceptance of expanded orders or unsolicited goods: This is another major risk, as the inventory manager might adopt dodgy measures in accepting unsolicited products or expanded orders. The probable reason behind such risk is the monetary benefit of the individuals or gifts from the suppliers (Lam, 2014).Such act might increase the overall cost of sales for manufacturing its products. Moreover, the profit realisation would be abridged, as there is overspending on inventory. Thus, it violates the validity of the existing internal controls of Fruito in managing its purchases and orders. Recommendation of internal controls and application of the same to mitigate the identified risks: The following internal controls would be feasible for Fruito to mitigate the above-identified risks: Application of purchase order forms with sequential numbers: Fruito could apply purchase order forms, which are sequentially numbered, for conducting independent checks. This would help in ascertaining the validity and completeness of the purchase orders made (Lefcourt, 2013).The authorised signatories need to be identified with the limits of authorisation. Therefore, before providing the certification for a particular invoice, the authorisation and matching with the original order need to be conducted. The use of electronic inventory management system needs to be adopted to maintain up-to-date stock records and monitor orders and stock usage (McNeil, Frey Embrechts, 2015). The segregation of duties between receiving, ordering, approving and paying invoices is necessary, as it would help the supervisor of the Accounts Payable department of Fruito to monitor the work. Along with this, the supervisor of the above-mentioned department needs to ensure that the authorised staffs make necessary adjustments to the standing data like invoices of suppliers. Furthermore, the invoice coding is required to be checked to assure that the accurate budget has been debited (Sadgrove, 2016). Finally, the budget holders would match the expense items charged with the budgets. Henceforth, this internal control procedure would help in limiting the unauthorised access to the purchase system. As a result, it would conform to the completeness of the expenditure cycle of Fruito. Checking stock records and confirming receipts: It is the responsibility of the supervisor of Accounts Payable department of Fruito to verify the stock records to ensure that the deliveries have been accounted for in an effective manner. This would minimise the additional orders of products beyond the required level to save costs (Skaife, Veenman Wangerin, 2013). Moreover, the supervisor is required to ensure that no payments for goods are made without the confirmation of receipts. Such step would help the accounting manager of Fruito to keep a detailed record of the overall transactions, which would depict the accurate presentation of the financial statements of the organisation. Thus, this internal control process would wipe out the acceptance of short delivery of goods. Payment after confirmation of goods: In order to minimise the acceptance of spontaneous goods or expanded orders, the payments need to be made only after the confirmation that the goods have been ordered properly with necessary authorisation. Such step would reduce the acceptance of gifts or monetary benefits for the individuals involved in adopting unethical measures (Zikmund et al., 2013).As a result, it would help in saving excess costs on purchase orders, which would contribute to the validity of the expenditure cycle of Fruito. Summary of findings for the CFO: After careful examination of the current ordering and receiving part of the expenditure cycle of the organisation, it has been found that the major risks that confront the business operations include unauthorised access to purchase systems, acceptance of short delivery of goods and expanded orders. The first risk could incur huge losses for the organisation due to overspending on inventory. The second risk identified would lead to inaccuracy in recording transactions due to the absence of receipts. The final risk might reduce the profit recognition of the business due to adoption of unethical practices on the part of some personnel. Therefore, all these risks together would minimise the overall productivity and profitability of Fruito. However, the effective internal controls have been identified to eliminate each of the above-identified risks for ensuring the operational efficiency of the organisation. In order to eliminate the first risk, the purchase order forms could be sequentially numbered to maintain the daily stock records and usage. The second risk could be eliminated with the help of checking stock records, which would help in preparing accurate accounting reports. The final risk could be eradicated by making payments after receiving receipts to prevent the unethical practices. References: Dumas, M., La Rosa, M., Mendling, J., Reijers, H. A. (2013).Fundamentals of business process management(Vol. 1, p. 2). Heidelberg: Springer. Hull, J. (2012).Risk Management and Financial Institutions,+ Web Site(Vol. 733). John Wiley Sons. Lam, J. (2014).Enterprise risk management: from incentives to controls. John Wiley Sons. Lefcourt, H. M. (Ed.). (2013).Research with the locus of control construct: extensions and limitations. Elsevier. McNeil, A. J., Frey, R., Embrechts, P. (2015).Quantitative risk management: Concepts, techniques and tools. Princeton university press. Sadgrove, K. (2016).The complete guide to business risk management. Routledge. Skaife, H. A., Veenman, D., Wangerin, D. (2013). Internal control over financial reporting and managerial rent extraction: Evidence from the profitability of insider trading.Journal of Accounting and Economics,55(1), 91-110. Zikmund, W. G., Babin, B. J., Carr, J. C., Griffin, M. (2013).Business research methods. Cengage Learning.

Introduction of Management Conditions of Market Industry

Question: Define the Introduction of Management for Conditions of Market Industry. Answer: Introduction Market analysis is a study of environment attractiveness and favorable conditions within a market industry. It is a part of economic industrial analysis that studies the strength and opportunities of the organization and to its relative industrial market to prepare business strategy for sustainable growth (Verloo et al. 2016). The following essay is presented on the market analysis of Oaklands childcare and Kindergarten centre, which is a childcare centre industry. Industry background The Oaklands childcare and Kindergarten centre runs the centre on Australian Government approval based on the early years learning framework that helps in building a successful life of the pupil. The management of the centre provides weekly sessions on programming to the teachers and trainers to create, evaluate and improve their services for the benefits of childrens need. The centre provides number of extra- curricular activities like Rugby Tots, Happy Feet, play Frog and other related games to enhance the child development program (Oaklands.churchie.com.au 2016). PEST analysis In order to conduct a market analysis, it is important to study and evaluate the external environment conditions at macro- economic level apart from the internal marketing strategies. In order to capture the industry market, it is essential to understand the opportunities and threats exist in the economical environment. There are several analyzing tool to study and evaluate the environmental conditions and accordingly prepare a business strategy for successful market (Bergman and Jean 2016). PEST analysis is one of those tool to study the external environment framework that has been adopted by the Oaklands childcare and Kindergarten centre. PEST analysis is a structural framework that studies and assists in evaluation of political, economical, social and technological environmental factors. Therefore the analysis of PEST for Oaklands childcare and Kindergarten centre is as follows: Factors Analysis Political Political and legal forces are significant factors that influence the marketing of a business organization (Todd 2015). Therefore, the management of Oaklands childcare and Kindergarten centre has evaluated the legal frameworks to provide services on child care with respect to the proper adherence of law. The management ensured that the teachers and educators associated with the childcare centre should strictly follow the provisions of Australian government in providing safe and successful services (Oaklands.churchie.com.au 2016). Economical The organizations need to evaluate the economic conditions that plays important role in its marketing success. Since, there are large numbers of childcare centers in Australia, it is essential for Oaklands childcare to provide unique and best services (Elfenbein, Fisman and McManus 2015). The management of the centre examined and conducted new and innovative activities and programs to build the child development and intellectual growth. Social For an organization in childcare centre industry, the focus is on young children with an age group between 3 to 10 years (Logan, Press and Sumsion 2016). Similarly, the Oaklands childcare centre is focusing on providing services to the children with an age group of 3 to 11 years. It also involves services to the parents who are working and need attendants to take care of their child. Technological Operation of business in any organization depends on the type of technologies used by them. It is important to adopt advanced and upgraded technology to meet the requirements and quality of products and services. Hence, the Oaklands centre has equipped its centre with latest, innovative and attractive equipments for providing best services (Oaklands.churchie.com.au 2016). Table 1: PEST Analysis (Source: Created by author) Conclusion It can be concluded that the success of business greatly depends on its marketing strategy and environmental analysis. Accordingly, the childcare centre, being one of the essential industries in countries where parents are working is required to have well planned marketing structure. The Oaklands childcare and Kindergarten centre conducted a well planned marketing strategy by examining the external environmental factors that influence the growth and sustainability of an organization. The management considered the opportunities and threats to analyze its marketing condition in the childcare industry that has many competitors. Reference List Bergman, M.E. and Jean, V.A., 2016. Where have all the workers gone? A critical analysis of the unrepresentativeness of our samples relative to the labor market in the industrialorganizational psychology literature.Industrial and Organizational Psychology,9(01), pp.84-113. Elfenbein, D.W., Fisman, R. and McManus, B., 2015. Market structure, reputation, and the value of quality certification.American Economic Journal: Microeconomics,7(4), pp.83-108. Logan, H., Press, F. and Sumsion, J., 2016. The shaping of Australian early childhood education and care: What can we learn from a critical juncture?.Australasian Journal of Early Childhood,41(1), p.64. Oaklands.churchie.com.au. 2016. Home - Oaklands Childcare Centre. [online] Available at: https://oaklands.churchie.com.au/ [Accessed 12 Aug. 2016]. Todd, P., 2015. Introduction: Australian industrial relations in 2014.Journal of Industrial Relations,57(3), pp.325-332. Verloo, M., Alipranti, L.M., Tertinegg, K. and Van Beveren, J., 2016. Framing the organisation of intimacy as a policy problem across Europe.à Ã… ½ à Ã… ½ à Ã… ½,117(117), pp.119-147.