International business strategies Essay Example | Topics and Well Written Essays - 3000 words

International transaction strategies - Essay ExampleEither the author of the statement is unbelievably naive, or it is merely an attempt to be provocative with didactic intent. Take the classic example of Mark & Spencer plc, which began in 1894 as a single high highroad store owned by two men, selling all items said to be costing no more than a penny to the customer. Over the days it conquered the retail sector with branches in prime locations all over the UK, and in overseas territories, totalling more than 885 stores. Not only did Marks & Spencer evolve into the giant lodge which it is today by cross-fileing the changes in the environment well, and meeting the growing needs of more and more affluent consumers, it also influenced the shopping habits of its clients. The business whole is not a faceless entity at best, it can be an icon of social and economic progress, and at worst become vanquished by its inability to read the environment, Woolworths and MFI being two recent ex amples of such failure.How the environment impacts on the fortunes of the business firm is nowhere more evident than in the whirl of many business enterprises including financial institutions (banks) in the current worldwide economic downturn. Even starker is the effect of continuing bad weather either in the form of floods or black eye on the viability of a whole range of firms in the UK. Had the environment represented by the UK government not provided a lifeline to some of the major banks in the form of taxpayer subsidies, or buy-outs, they would not have survived. Different political ideologies at different times affect the business enterprise in different ways. The collapse of communism and the breaking down of the Berlin wall in 1989, coupled with the Internet phenomenon resulted in the abolition of legislation preventing global communication and industrialisation. Since then there has been a plethora of international mergers, acquisitions