Explore BrainMass

Business Management

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!


© BrainMass Inc. brainmass.com October 25, 2018, 1:47 am ad1c9bdddf


Solution Preview

The response addresses the queries posted in 2738 words with references.
// In the following paper, we will be discussing some topics precisely, in context of the international marketing management. To start with; we will be explaining the role of global and national economic security in the global and national security: //

Global and National Security

Economic security plays a crucial role in both the global and national security. Economic security of the world helps in global security by providing employment to the unemployed. Through an increased trade between the countries, the economic security will also increase and as a result, the income of a lot of nations will too be augmented, people's standard of living will improve and the rate of poverty will also decrease, which in turn, will reduce the gap between the rich and poor. On the other hand, the role of economic security is also in a way affects the national security (International Women Leaders Global Security Summit, 2007). The world security factors and the national security factors are almost the same and in addition, if the national economic security increases, then, it will help in improving the national security by improving the military, police, government, etc. to make the nation free from crime and terrorism (Ronis, 1997).

// After we have discussed the role of global and national economic security in global and national security, we will now, describe the effects of maintaining the economic security, for national and global security, on the world stability. The ways to minimize the effects will also be described: //

Economic Security Effect on World Stability

If the economic security is maintained, in order to secure the whole world, there can be both positive and negative effects on the world stability. Maintaining economic security is useful in stabilizing the rates of poverty, crime rates, employment rates, etc. On the contrary, the negative effects could harm the people's privacy, misuse of resources, in order to maintain economic security, effect of nations' economic security maintenance on each other, etc. To minimize these effects, the government of each nation could unite and form policies to maintain the economic security, considering and analyzing the negative effects arising out of this (Geusau & Adler-Karlsson, 1982).

// After we have discussed the effects of economic security maintenance on the world stability, we will now, be discussing the political circumstances of global unprecedented business by taking an assumption of being a leader of an organization://

Political Circumstances of Global Unprecedented Business

If a global business is started for the first time by an organization, then, a lot of circumstances could arise which can impact it. One of those circumstances that can possibly arise is the political circumstances. To initiate a business which in itself is an innovation, there is a possibility that the government of that nation could restrict a lot of their activities as they may be apprehensive about the set business policies. An innovation may face problems as people, other organizations and government might not too sure about the new ventures. Later, new rules get introduced as other organizations too start entering into the business. On the other hand, the unprecedented business could be wrong at the first place, as well. A leader of the global organization before starting an unprecedented business should prepare for this shift by analyzing all factors, getting the employees trained for this change, changing the organizational policies accordingly and preparing for the possible hurdles that the firm could face. The government might not cooperate or provide resources to the new business, as they generally don't have confidence in a new business venture (Block & McMillan, 2003).

// After discussing the political circumstances of global unprecedented business, we will in the following section, be providing a personal example to explain the use of professional background for the fellow students and the institution: //

Use of Professional Background

My professional background will be very helpful in managing the activities at the institution and imparting proper education to the laws students. It will help in preparing the students to face the growing challenges in the field of law. My various professional skills will focus on enhancing the educational level of the law students and in teaching them the required future skills. These skills are as follow:

Maturity Skills: The maturity that I have gained in my professional career, will help in inspiring the students to gain better knowledge and will give them guidance about how to lead their own careers in future. Maturity will also help in understanding and predicting the various problems that the law students might face in their professional career. This skill will help in giving them a proper education and understanding of law as a professional career in future (Communication Skills, n.d.). ...

Solution Summary

The response addresses the queries posted in 2738 words with references.

See Also This Related BrainMass Solution

Organizational Chart - International Business Management

Healthcare in Taiwan

Mert Atakan
Joey Brito
Damien Gonsavlez
Patricia Jimenez
Jeff Pucci

Our company will be a small niche medical company located in Taiwan. The company will employ about 60 people. These employees will consist of operations personnel and company staff such as Medical Doctors, Occupational Medical Director, Registered Nurses, Employee Health Safety staff, and Benefits Advisor. The building itself will have three floors with the main floor being for prescription drug storage, customer service, and offices, while bottom floor contains more offices is primarily for rehabilitation for the elderly and the upper floor will be used for laboratory research and development and diagnostics
The products that the company will hold are products that are affiliated with the ongoing health issues in Taiwan such as, heart disease, cancer, and rehabilitation. The product that will be held for heart disease will consist of Accupril, Inspra, and Norvasc. These medicines are the most prescribed brand name high blood pressure medicines worldwide. They help to treat high blood pressure, heart failure, and easy blood flow through arteries. Cancer products will consist of Aromasin, Camptosar, and Ellence. These medicines are used for the treatment of breast cancer, colon cancer, and the rid of any tumor cells in the body.
With the continuing health concerns in Taiwan the National Health Insurance program accounts for more than 60 percent of all health costs. Taiwan is also very advanced in technology and with that technology used for research and development our company seeks to make substantial profits.
The company will like to expand internationally for various reasons. Taiwan's economy is ranked among the 20 largest in the US. And at the same time, Taiwan also has an increasingly growing population which is spending a big amount of their income on healthcare. There is strong demand in Taiwan for numerous medial products and services. Some of which include those related to orthopedics, rehabilitation, cardiology, and diagnosis particularly pertaining to cancer. Additionally, due to increased male and female life expectancy in Taiwan, the demand for medial products for senior citizens continues to grow. In part, the United States has exported approximately USD 161 million in medial products to Taiwan in 2003 1. For this reason, a distributor in Taiwan can assist US exporters with the process.
Taiwan's market offers ample opportunities for US firms to profit from a strong and growing demand for advanced medical supplies. They have an aging population together combined with other factors such as high population density. In 2004, the average per capita expenditure on healthcare was US$847 of a total per capita GDP of $13,529 2.
Our company will profit from the sales of medial products for the elderly, more specifically for heart disease and cancer patients, two of the leading causes of death in Taiwan. In Taiwan, the overall medical device market is projected to grow at a rate of 3-5 percent per year while implantable devices grow at an annual rate of 6-10 percent2.
The Taiwan market for implantable devices has been growing rapidly as a result of their growing elderly population and patients increased awareness of new implant technologies. One of our company's major forces for improving the healthcare of Taiwan's population are the new innovations in medial devices. Cardiovascular and hear diseases are the two leading causes of death in Taiwan that have highly contributed for the demand of heart implants. The Taiwan market's demand for implantable medical devices was forecasted to reach approximately US$123.4 million in 2005. The market demand grew 29.5 percent from its previous years2. For years the US supplies 90% of Taiwan's vascular grafts, 80% of ACID and artificial heart valves and 70% of intraocular lenses2. Taiwan's economy continues to grow steadily and our company is looking forward to expanding internationally to Taiwan.
Taiwan is the seventh largest trading partner of the US with over US$50 billion in two-way trade . The region is an excellent market for many types of products and services and our company will take advantage of this opportunity. In conclusion, we will provide medical products that will improve the healthcare technologies sector.

(See attached files for full problem description)

View Full Posting Details