UK automobile industry facing £90 million energy cost hike

New analysis reveals UK auto manufacturers face £90m uplift in energy bills this year as costs surge 50%.Sector already spends £50m more per annum for energy than EU counterparts, with the UK having some of the highest electricity costs in Europe.Industry calls for urgent action as UK’s £21.2bn auto supply chain races to meet accelerated … Continue reading UK automobile industry facing £90 million energy cost hike

Internationalization theory and practice

In this lecture, several theories for trade and other international activities are discussed. Absolute cost advantage, by Adam Smith in 1776, is the idea of operating internationally based on an advantage, where the same amount of resources lead to greater production of a good or service than another one. Comparative advantage, an idea by Ricardo … Continue reading Internationalization theory and practice

Introductions on international strategic management

Photo by Alexander Suhorucov on Pexels.com Additional definitions on some key principals: Strategy; a set of commitments and actions, which is fully integrated and coordinated. It’s goal is to utilize core competencies and develop competitive advantages. Strategic management: management process to asses a company and its competitors. Furthermore, it meets all these competitors by setting appropriate goals … Continue reading Introductions on international strategic management