Cultural Essay Example | Topics and Well Written Essays - 750 words

Cultural - Essay Example However, when the culture of an organization collides with the national values of a country, this means that the business faces the threat of being rejected. This paper argues that national culture is significant in international business because it may provide opportunities for growth or threats that may lead to the demise of the organizations. Ethics refer to the set of behaviours that are acceptable in the society. Different nations have different ethical values that influence how organizations conduct their business. For example, in the United States, it is ethical to treat all stakeholders in a business equally (Hall, 2003). Employees are given equal chances as managers to participate in making decisions. This national culture is an opportunity for international businesses; because it enables them to get ideas for development from all sources of information. National culture may also present threats to organizations that invest in countries where there are no clear ethical rules. For example, in the Asian market, there are no strict rules that prohibit individuals from taking bribes from others. This may be harmful to a European or American company that invests in this market; because the companies originate from countries where taking bribe is against the law (Hall, 2003). The companies may incur losses when they employ workers who take bribe and they may not be able to recover. The utilitarian theory argues that the acceptable ethical behaviour is the one that is beneficial to a high percentage of individuals in the country (Hall, 2003). This means that international businesses have to analyze the effects of their actions before implementing them. If the actions are not beneficial to more than half of the society, the organizations should avoid implementing them. National language and communication style also influences the success of international businesses. Hall (2003) argues that there are two main

Digital Textile Printing Technologies Essay Example | Topics and Well Written Essays - 6250 words

Digital Textile Printing Technologies - Essay Example Product innovation and services would be the assets for competition and the key to growth in the future. International companies can only face the competition by selling know-how intensive products to the Chinese market and by focusing on the quality and technology lead. Technical textiles are likely to develop into a niche market for companies based in Europe and the US. These textiles promise good business potential, with worldwide consumption expected to touch 20.58 million tonnes by 2006 and 24.67 m.t. by 2010. In 2005, consumption of technical textiles stood at 18.69 m.t. Technical textiles find application in several fields such as agriculture, where the worldwide consumption in 2005 stood at 15.81 lakh tonnes, in the building industry (16.48 lakh tonnes), clothing industry (12.38 lakh tonnes), the medical field (15.43 lakh tonnes) and even sports (9.89 lakh tonnes), among others. The last two decades have witnessed substantial effort in improvement of printing technology in the world. Conventional product lines have given way to new automated digital printing technology. The rapidly growing world of digitally printed textiles is a reflection of several exclusive and different business models that create challenges, threats and opportunities to the future of the textile printing market. The challeng The challenges in digital textile printing industries include finding suitable markets and changing their paradigms, limitations of materials, testing requirements, the current pace of technology, and set individual challenges in making digital textile printing technology grow successfully in this new world. The first challenge is to find the right market for the digital printing industry to flourish and grow. Second challenge is understanding the pros and cons and varying characteristics of the materials in the market today. Keeping up with technology improvements and changes is the only way for the potential prospects of the digital textile industry. Product Innovation Product innovation means different things to different people. Some, for example, tend to think in terms of a product which is 'first of its kind'. Such radical innovation is not necessarily more important than the steady, incremental improvements to existing ranges of