SERRV International

1.5. Government policy The government of India has allowed 100 percent foreign investment in the hotel and tourism related industry. Tourism related industry includes:  Travel agencies, tour operating agencies and tourist transport agencies.  Cultural, adventure and wildlife experiences provided for tourists.  Surface, air and water transport services for tourists.  Convention/seminar units and organisations. The Government has also initiated other attractive measures in order to improve the…

Reduce Cost / Economies of Scale/ Increase Profitability Like many other international operations, IKEA too seek to take advantage of the tangible opportunities to reduce their costs. Figure 2 below shows the three pillars of IKEA’s concept which represents low cost, good design and functionality. It is inevitable that the furniture business was not an easy business to be expanded globally and primary reason would be the transportation of the goods is expensive. IKEA had been the pioneer in…

Negative Socio-cultural impacts Commodification One of the most common negative socio-cultural impacts of tourism is commodification. The dictionary definition of commodification is to make something into an object for commercial use. In terms of tourism, commodification refers to using a place's culture and the cultural artifacts of that particular place to make money and generate profit either to support its economy or for personal gain. In other word, tourism can turn local cultures into…

Introduction This supply chain case study is focusing on the Bitumen Cocoa organisation in Zaria Nigeria. In the past decades, numbers of products offered to the market have generally exploded. The cocoa product lifetime has decreased hugely. The combination of these two trends leads to increased inaccuracy of the demand uncertainty resulting the increase in inventory levels. However, the disadvantages of holding inventory have been increasingly recognised with the regard to impact this may…

The field of international politics is a vastly complex field that can be difficult to interpret and make sense of. There is no supreme governing power, only sovereign states. Theories can be used as a sort of lens to find patterns in the behavior of states and determine how likely cooperation is in the international system. In this essay, I will be presenting the Neorealist argument that states are self-interested actors concerned with security and survival, and the Neoliberal Institutionalist…

Chapter 1 Before we describe and discuss the internationalization theories we need to have a general idea of which are the motives that leads a company to make the decision to expand to foreign markets.The four main motives that companies use nowadays are the ones that ( Dunning 1993)is referring below: • Market-seeking, i.e. companies that venture abroad to find customers. • Efficiency-seeking, i.e. companies that venture abroad to lower their costs of performing economic activities…

Globalization and its impacts on Culture Globalization is the interaction between people, companies and government of different nations. Globalization focuses on changes which occurred in economic and political affairs. Globalization also have significant impact on local cultures and values. The effects of globalization on local cultures have received less intention due to the fact that the issue of local culture is more confusing and sensitive. With the development in economics, culture and…

The Global Automobile Industry: Opportunity and Challenges for 2020 and beyond 1. How is the global automobile industry evolving? Ans. The global automotive industry is in better shape than it was five years ago, especially the US, where profits and sales have recovered following the recent economic crisis, and in China, where growth remains strong. The industry has been able to recover from the economic crises. In 2012 the industry had a profit of EUR 54 billion which was much higher than in…

Michel Foucault is considered one of the leading theorists in the subject of "discourse", he believes that "in every society the production of discourse is at once controlled, selected, organized and redistributed by a certain number of procedures whose role is to ward off its powers and dangers, to gain mastery over its chance events, to evade its ponderous, formidable materiality." (Foucault, 52) Accordingly, Edward Said has used Foucault's concept of discourse to analyze Orientalism; in "The…

International negotiation is the process of making business deals across national and international cultures. All multinational projects require negotiation and communication skills that work globally. As the world’s market has become increasingly global, companies will have to be more into negotiating business. For example, let us assume that the centre of gravity of business decisions shifts to countries like India, China, Brazil and Mexico, and then the developed nations like United States…