International Business Program - Minnesota State University, Mankato

11/20/2014

An illustration of how East and West are different

11/12/2014

Cultural Differences Matter!
http://www.youtube.com/watch?v=QOCqv1WcqBM&feature=youtu.be

Examples of how important culture is

11/08/2014

A new strategy to settle foreign-bribery charges?

The SEC alleged that Layne received about $3.9 million in "unlawful benefits" over a five-year period as a result of bribes, which were typically paid through subsidiaries in Africa and Australia.

Layne Christensen Co. recently agreed to pay about $5 million to the Securities and Exchange Commission (SEC) to settle foreign-bribery charges. The Department of Justice (DOJ) which enforces bribery laws under the Foreign Corrupt Practices Act (FCPA) abandoned its own investigation into Layne partly because the Texas-based company told U.S. federal agencies about an internal probe, reducing the cost of its settlement last week by about half from what the company expected.

U.S. authorities are urging companies to follow Layne's example of self-reporting, in that, run to the government and hope for a break, or try to fix the problem in-house in hopes of avoiding a costly settlement.

The outcome of Layne Christensen’s decision to self-report highlights the tough choices facing companies that uncover potential bribery issues: Run to the government and hope for a break, or try to fix the problem in-house in hopes of avoiding a costly settlement.

11/03/2014

Guess what is the second language of your country?

What does this tell to Multinational Companies?

The website MoveHub.com is a resource for people looking to move abroad.

10/31/2014

International Business Organization (IBO) hosted Paul Rasmussen, CEO & President at Zepol Corporation.

10/29/2014

What is your favorite?

Among all the traditional kinds of advertising, such as tv commercials, web ads, magazine ads and billboards, there is a genre of ads that never fails to make me look twice: the street advertising....

10/21/2014

A new era for shopping?

Amazon.com plans to open a store in the middle of New York City, the first brick-and-mortar outlet in its 20-year history. Amazon has built its business on competitive pricing and fast shipping. Until now, though, it couldn't compete with the immediacy of a traditional store. Would it work for Amazon?

Video at: http://www.wsj.com/video/amazon-to-open-first-store/4180A94B-5C7A-4D19-AED2-964E281DD1CA.html

Amazon plans to open a store in the middle of New York City, according to people familiar with the plans, the first brick-and-mortar outlet in its 20-year history and an experiment to provide the type of face-to-face experience found at traditional retailers.

10/18/2014

Which language you should invest on??

What is a foreign language worth?.....
If you speak more than one language, you will likely be earning more money. Much more money. .....
The graph shows expected bonus for an American who learns a new language today. German will bring you extra $130,000 over the next 40 years, or about $3,000 bonus per year.
http://econ.st/1rGNsYg

10/13/2014

International Business Organization (IBO) presents a panel on International Business.

When: Thursday, Oct 16th, 4:45-6 p.m.
Where: MH 210
FREE food and beverages

GUEST SPEAKERS:
Rae Hale, Project Monarch - TMS Business Analyst, General Mills
Scott Hollinger, Air Export Manager, Expeditors
Kent Runksmeier, Global Logistics Manager, Vision-Ease Lens

Don’t miss it!

10/09/2014

Apple allocated about $12 billion for U.S. federal and state income taxes in fiscal 2013 on the sales of $62.7 billion in the Americas. In contrast, it set aside $1.1 billion for foreign income taxes for the same period, on sales outside the Americas of about $88 billion. Apple reported foreign pretax earnings of $30.5 billion that fiscal year. The EC probe is likely to be a wake-up call for a swath of multinationals and funds operating in Europe that arrange their financing and treasury operations through Luxembourg.

European Union regulators said they believe that tax deals granted to Apple in Ireland and Fiat in Luxembourg constitute illegal state support for the companies.

10/06/2014

10 Biggest Differences between Americans and Canadians :)
https://www.youtube.com/watch?v=3liA1GLKbW4&feature=youtu.be

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