Managing a manager can be a delicate task, especially if you’re in a leadership role or a position of influence within your organization. The goal is to create a productive and harmonious working relationship that benefits both you and your manager. Here are some tips on how to manage a manager effectively: Understand Their Style…
Agencies That Facilitate International Flows: A variety of agencies have been established to facilitate international trade and financial transactions. These agencies often represent a group of nations. The more important agencies describe follows: International Monetary Fund (IMF): The United Nations Monetary and financial conference held in Bretton Woods, New Hampshire, in July 1944, was called…
Invest Method Internationally: For investors attempting international stock diversification, five common approaches are available: Direct Purchases of Foreign Stocks: Foreign stocks can be purchased on foreign stock exchange. This requires the services of brokerage firms that can execute the trades desired by investors at the foreign stock exchange of concern. However, this approach is inefficient…
Money Market : In most countries, local corporations commonly need to borrow short term funds to support their operations. Country governments may also need to borrow short term funds to finance their budget deficits. Individual or local institutional investors in those countries provide funds through short term deposits at commercial banks. In addition, corporations and…
International Institute of Financial Market: Due to growth in international business over the last 30 years, various international financial markets have been developed. Financial managers of MNCs must understand the various international financial markets that are available so, that they can use those markets to facilitate their international business transactions. Corporate world use of the…
The actions and decisions of individuals who purchase products for their personal use constitute consumer buying behavior. The process involved in purchasing products can differ from buyer to buyer and from product to product. Consumers don’t always pass through all five stages; they may reverse or skip some. When you buy your regular brand face…
Marketing strategy is a plan for selecting and analyzing a target market and developing and maintaining a marketing mix that will satisfy this target market. A firm must decide on the appropriate marketing activities to satisfy customer needs and achieve its goals. A marketing strategy is an overall plan for conducting marketing activities that enables…
Marketing research is the systematic gathering, recording, and analyzing of information for guiding marketing decisions. A firm cannot implement the marketing concept without information about customer needs. Are customer’s lifestyles or preferences changing? Do some market segments still need to be reached? Who are the competitors? What product, price, distribution system, and promotional activities would…
The marketing concept is a management philosophy stating that an organization should strive to satisfy the needs of consumers through a coordinated set of activities that also allows the organization to achieve its objectives. If we want to understand the marketing concept, we need to understand the following core set of concept. We will know:…