Recent Changes

Business Dress:
Men wear suits and ties, or sports coats and dress pants. Women wear dresses or suits.
Slumdog Millionaire
This was an amazing movie. This was my first time seeing the movie and I loved it. The relationship between Salim and Jamal is so realistic. I feel that my sister and I sometimes act like that too. We are always competing against each other and it gets out of hands occasionally. Based on what I learned in history class, the society of India seems corrupted and the government is losing control. Citizens of some authority like the police abusive their power and this contributes to the corrupted society. The movie displays the real India and what happens when the tourists can't see. I couldn't believe it when I saw the men destroy the poor boy's eye so that he would be able to beg for more money to bring back to them. That was just wrong because now one child is left blinded from a bright future. This movie was really touching to me, I saw that despite all the hardships one may face, if you believe in love and have faith, happiness will always prevail. I really enjoyed this movie and it was a lesson learned. I will not overlook what I have in front of me because you never know what may happen in the world.

Chapter 7 - Competitive Devaluation
I think that the IMF should be able to control the way a country's central bank values its currency. Currency is changing daily and if the value of the currency continues to drop then this would lead to inflation. The IMF should be able to intervene and put a stop to it because this would affect the economy of the world and not just individual countries. By lowering the value of the currency, the country is maintaining their partners and possible gaining partners but they are trading for a very low profit rate. Therefore, they have to charge the natives of the country more money to make up for the loss. This isn't not right because then the foreign countries would be making more money because the people are not buying the expensive domestic products but they are buying the cheaper imported goods. This is only promoting sales for the partnering companies instead of the domestic company.
Chapter 8 - Social Enterpreneurship
Social enterpreneurship is combining business with goals to improve society. These enterpreneurs can help resolve problems regarding education, health, human rights, and workers' rights to provide economic opportunities for people in need. I think an enterpreneur may choose this type of business because this would be their perfect opportunity to give back to society. Enterpreneurs who have goals of helping others or even make a global difference might choose this form of business. I think this is a good occupation to look into because some of the money made would help the people in need and the people who are not capable of providing everything needed for him or herself and their family.
Chapter 10 - Truth in Labeling?
Some of the labeling on goods do not fully identify what the product contains. Recently, some food manufacturers asked the U.S. Congress to label a certain product "organic" when some of the ingredients it contains is not organic. This may lead to misleading packaging and short term profit gains. I have been mislead by a package/label of glue. It said on the package that is was super sticky and fast drying glue so I chose to use it on my art project. The glue costed more than the average liquid adhesive that one would usually use. This glue refused to dry and when it did dry, the paper that I glued together would fall apart if you accidentally bent it or handled it too hard. This does effect my opinion on the company to some extent because I used to love using their art supplies and now I am more careful of which brands I use.
Chapter 11 - The Real Things?
Well known brand names are protected by copyright laws in the U.S. but in other countries there are few laws about copyright that exist. Pricey brands like Nike, Apple Computers, Coach, Uggs and other brands may be counterfeited and sold at a high price for a large profit. It is not ethical to "steal" brand names because people had to take time and effort to build their business and careers to a strong point where it is well known and easily recognized from people all around the world. The U.S. government should discuss with other countries a foreign country about this piracy because if this continues, tensions may rise and this will damage the trading relationship between the foreign nations.
Chapter 12 - Price Skimming
When a new product come out, people are usually rushing towards the doors to be some of the first few to get their hands onto the new products. This allows companies to charge a sky-rocketing prices. Once the trends ends, companies will lower the cost, hoping to attract the consumers once again. I think that price skimming is not ethical because companies are taking advantage of their consumers. People sometimes spend too much on what they want not what they need and for companies to see this as an opportunity to gain lots of profit before the market slows down or if the worse scenario happens, it might even stop completely. This is not fair to the consumers and one day they might just stop buying the products right when they come out and just wait til it is out of the trend.

International Business
CareersBusinessCareers
October 20, 2011
Interpreter and Translator
Small Business Owner:
Small business owners are no longer limited to their location. With the assistance of technology, especially the Internet, small businesses are able to expand and reach out to consumers on a global level. Small businesses can translate their websites into the country's language to attract more consumers. Small business owners are responsible for knowing national and regional regulations and important import and export restrictions.
be creative, goal-orientedmgoal-oriented persistent, independent, are essential.
International Business Attorney:
attorney must know all of the rules and regulations reguarding all of the countries that the company is involved with. The attorneys must also be aware of language barriers and cultural differences. They often have to travel and stay updated with the global news.
International business attorneys should have qualities that display perseverence, creativity, self-confidence, motivation, decisiveness, and efficient business judgement. One of the most essential qualities of an international business attorney is good communication skills.
Retail Buyer
Retail buyers are responsible for researching and predicting the next trending item of the market. Retail buyers have to negotiate with wholesale firms and manufacturers around the world so business retailer have an international job. The job is more difficult than it seems because when retail buyers work with multinational countries because he or she must understand the cultures of the countries to be able to predict what the new trend will be. Retail buyers must have strong leadership skills, decision-making skills, communication and negotiation skills.
Retail buyers might need to be aware of a manufacturing company's quality control system because what is legal in one country may not be in another country. A lot of goods that are manufactured are exported and when a country wants to import it, it has to make sure that the product meets all requirements before it is accepted and placed onto the market.
Marketing Manager
Marketing managers develop domestic and international marketing strategies for selling products to consumer, organizational, and governmental markets. Marketing managers estimate demand, identify potential markets, monitor trends, develop pricing strategies, oversee product development, and serve customer needs. They must consider social, religious, cultural, technological, geographic, and legal factors. Marketing managers must be motivated, persuasive, flexible and decisive. Strong communication skills are necessary for this international career.
Industrial Production Manager
They are in charge of running and maintaining the warehouse. Now that technology has improved, warehouses often has to send the goods to other countries. The industrial production manager has to place inventory orders, sort the outgoing orders, make sure workers are working efficiently, make sure all production are labeled and and shipped to the correct address. They are always on call and may need to work more than 40 hours a week. They need to have computer, leadership, and stress-management skills. Good math skills are also needed in order to keep track of budget.

WESTERN HEMISPHERE COUNTRIES - New Passport Requirements for Travel Into the U.S.
There is a new law, "effective January 23, 2007, individuals traveling by air to the United States from Canada, Mexico, the Caribbean, Central and South America, and Bermuda are required to present valid passports or other acceptable travel documents when entering or re-entering the United States."Before, the citizens were not required to display their passport but only a form of identification and their residency. Citizens of Mexico, arriving in the U.S. at air ports of entry from a contiguous territory needed to present only Form DSP-150, the combined B-1/B-2 visa and Border Crossing Card (BCC).
Small Business Owner:
Small business owners are no longer limited to their location. With the assistance of technology, especially the Internet, small businesses are able to expand and reach out to consumers on a global level. Small businesses can translate their websites into the country's language to attract more consumers. Small business owners are responsible for knowing national and regional regulations and important import and export restrictions.
Small business owners must be creative, goal-orientedm persistent, independent, self-motivated, self-confident, and enthusiastic. They have to be able to create long term plans while willing to take risks. The communication skills are essential.
International Business Attorney:
International business attorneys often specialize in government regulations, intellectual property, antitrust, or environmental law. Usually, attorneys only work for a specific state but when a company works in more than one country, their attorney must

Affirmative action is a program designed to increase participation of various underrepresented groups in the workplace and government
Accomodation - The approach toward labor disputes in which unions and management are expected to cooperate.
Concepts Review:
1) Define strategic human resource management.
Strategic human resource management helps define and focus a company. It is a program that carefully plans strategies that lead to the hiring os home, host, and thrid-country employees.
2) Identify three of the four human relation tasks.
Recruiting involves actively looking for qualifies people to fill jobs. Selection involves deciding which qualifies applicant to hire. Orientation includes paperwork, tours, and introduction before a new employee begins the job.
3) Describe the difference between autocratic and democratic management styles.
4) Explain why international business must adjust to local labor conditions and practices.
5) List factors that determine managerial abd leadership styles.
6) Identify factors HR managers should know about life and work in a country.
January 5, 2012
Chapter 15: International Career Planning

Section 1: Career Development
Section 2: Career Planning
Five key employee assets:
(1) work experience
(2) Education
(3) Special skills
(4) Personal characteristics
(5) Personal contacts
A mentor is a personal coach or counselor who helps an individual with his or her career.
Manager training consists of four steps: (1) Setting goals (2) Selecting candidates (3) Choosing training programs (4) Follow-up
Typical manager training goals are found in five areas: (1) Technical skills (2) Managerial skills (3) Conceptual skills (4) Socialization (5) Internationalization
Superior-subordinate syndrome is a situation in which a manager will "have a boss" and "be the boss"
Incremental manager training is a form of training that gradually adds more managerial duties to a person's job
Job-rotation manager training is a form of trainign in which the trainee learns different jobs by moving around in the company.
Lateral-promotion manager training - is a form of job-rotation training that is enhanced by rewards for the trainee
Dual-career family is a family arrangement in which both partners work.
Four main activities to cope with stress:
Placing employees in jobs they can handle
Detecting people with stress related problems
Teaching stress-management techniques
Reducing the stress levels of individual jobs
Advance preparations for travel include:
(1) Learning about the destination country
(2) Obtaining key documents
(3) Working with government agencies
Basic issues:
Safety
Living conditions
Immunization requirements
language barriers
Local currency
Time changes
Other local arrangement
Travel itinerary is a document that spells out travel times, transportation methods, and hotels or places where one will stay on a trip.
Passport is a government document used to prove a person's citizenship in the country that issued it.
A visa is a stamp of endorsement that allows the holder of a passport to enter a country.
A work visa, or work permit is an official document that allows an individual to work legally at a jb in a host country.
Planning a career involves:
(1) Deciding what you want to do
(2) Analyzing your options
(3) Researching a career
1) Describe 5 assets an employee can offer to a company
The five key employee assets are:

4) List six types of bodies of water and give an example of each one.
The six types of bodies of water and an example is listed below:
of Water
Examples
Examples
Rivers
Amazon River, Mississippi River, Missouri River
Section 1: Managing Human Resources
Section 2: Union-Management Relations
Human resource management (HRM) - The process of finding, selecting, training, evaluating, and helping employees.
An employee or manager who travels to a host country to live and works is called an "expatriate."
Strategic human resource management (SHRM) - A company decides which form of management to use:
Ethnocentric management
Regiocentric management
Polycentric management
Geoccentric management
Ethnocentric management is the preference of an employer to use its own workers, both at home and abroad.
Polycentric management is the preference of an employer to use natives of the host country to manage operations there, but home-country residents to manage in the home country.
Regiocentric management is the preference of an employer to employ managers from a variety of countries in a region.
Geocentric management is the preference of an emplyer to hire only the best managers, regardless of their citizenship.
Finding and preparing employees through vaious activities: (1) Recruiting (2) Selection (3) Orientation (4) New employee training
Recruiting is the process by which a company actively looks for qualified people to fill jobs.
Internal recruiting is the approach of seeking to fill positions by advertising only within the company.
Job-Related Issues - The same job may be performed differently in another country.
Company Styles - While the overall global leadership iss the same company's operation may be modified for another country to match local conditions.
Language Training - Workers learn a few key phrases (or more) of the unfamiliar language. Ideally, managers are fluent in the host country's language.
Cultural Training - Cultural training addresses religious awareness, eating habits, methods of greeting people, personal space distance, clothing, and manners.
Spousal Training - Some international companies offer training for the expatriate worker's husband or wife.
Stats describe general living and working conditions in a country:
Gross national income (GNI)
Per capita income
Purchasing power parity (PPP)
Human developing index
Gross national income - the total annual income received by residents of a country.
Per capita income - The average number of dollars earned by each individual citizen
PPP - Used to adjust for the cost of the living.
Purchasing Parity Index (PPI) - Buying power is different than a person's salary
Human development index (HDI) - A measure comparing the quality of life in different countries, using 3 measures: (1) life expectancy at birth, (2) educational attainment, (3) income, measured by PPI, to cover basic needs
Paternalism -A system in which an authority fulfills the needs and regulates the conduct of the people under its control
A collective bargaining agreement is the contract created by a union and management that covers these agreements
Affirmative action is a program designed to increase participation of various underrepresented groups in the workplace and government
Accomodation - The approach toward labor disputes in which unions and management are expected to cooperate.
January 5, 2012
Career Planning
Section 1: Career Development
Section 2: Career Planning

Section 1: The Economy and International Trade
Section 2: Geography and International Trade
for people's comsumption.consumption.
Three types of economic systems:
- Market economies
A market economy is the economic system in which economic decisions are made in the marketplace.
Supply is the amount of goods and services that producers provide at various prices.
consumers are willlingwilling to buy
Profit is the money that you make after the expenses of the good or service is taken out.
Two other forces drive market economies:
Climate
Topography is the physical surface features of a geographic area.
art of mapmakingmap making
Population density is a measurement of the number of people living in a geographic area
Proximity is the physical nearness of one thing to another.
A soft currency is an unstable currency that is not exchanged at major financial centers.
Currency value fluctuation is the change in value of one country's currency when it is traded for another country's currency.
Balance of paymentts,payments, Economic conditions, inflation rates, economuceconomic growth and
National gov't take two approaches to making sure exchange rates are at least a neutral factor in business transaction.
These approaches are; 1) market measures 2) nonmarket measures.
Various international organizations that assist countries to create and participate in trade are International Monetary Fund, World Bank, European Economic and Monetary Union, and more
things; 1)monitors purchesespurchases and sales
Capital is money needed to establish a business and operate it for the first few months, or to expand an existing business.
Ways to obtain capital: Intercompany financing, Equity financing, Debt financing, Local currency financing
A risk is the possibility of loss when there is uncertainty associated with the outcome of an event.
types of commericalcommercial risks: exchange
Exchange rate risk is a risk that occurs when the currency exchange rate fluctuates as a transaction takes place.
A transaction risk is a risk associated with the buyer making installment payments on a purchase.
Section 1: Managing Human Resources
Section 2: Union-Management Relations
January 5, 2012
Chapter 15: International Career Planning
Section 1: Career Development
Section 2: Career Planning
1) Describe 5 assets an employee can offer to a company
The five key employee assets are:
Work experience: The time and type of work that you experience or conduct in your career.
Education: The level of education that you have received, the variety of classes that you took, and the extracurricular activities that you participated in. Some examples include clubs, sports, and extra classes regarding to your career choice.
Special skills: Skills that make you more suitable for the career. International business skills for example include sensitivity to cultures, adaptability, and language skills.
Personality characteristics: Characteristics that make you more qualified than others and will be able to help you achieve success.
Personal contacts: People who help you with your career, they are people who can refer you to employers and inform you about job openings.
NEXT TO EACH QUESTION---PLEASE WRITE THE PAGES WHERE THESE ANSWERS CAN BE FOUND. HAND TEST IN THURSDAY, NOVEMBER 17, 2011.-Identify the steps of manager training2) Identify the steps of manager training
NEXT TO EACH QUESTION---PLEASE WRITE THE PAGES WHERE THESE ANSWERS CAN BE FOUND. HAND TEST IN THURSDAY, NOVEMBER 17, 2011.-Explain on-the-job and off-the-job manager training programs.3) Explain on-the-job and off-the-job manager training programs.
NEXT TO EACH QUESTION---PLEASE WRITE THE PAGES WHERE THESE ANSWERS CAN BE FOUND. HAND TEST IN THURSDAY, NOVEMBER 17, 2011.-Identify different career challenges4) Identify different career challenges
NEXT TO EACH QUESTION---PLEASE WRITE THE PAGES WHERE THESE ANSWERS CAN BE FOUND. HAND TEST IN THURSDAY, NOVEMBER 17, 2011.-Explain the necessary preparation for international travel.5) Explain the necessary preparation for international travel.
NEXT TO EACH QUESTION---PLEASE WRITE THE PAGES WHERE THESE ANSWERS CAN BE FOUND. HAND TEST IN THURSDAY, NOVEMBER 17, 2011.-Identify 3 steps for career planning.6) Identify 3 steps for career planning.

Asahi/America:
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the future.
Chamber of Commerce:
in Malden.
The Mayor's Office
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After serving as the Mayor of Malden for 16 years, Mayor Richard Howard is leaving office. Once the Mayor is out of office, his new job is Town Manager for the town of Winchester. Mayor Howard knows a lot about our city and he has contributed to our community greatly. The Mayor grew up in Malden and also graduated from Malden High School. The Mayor told us that as he was growing up, he had a hard time in school. Once he graduated from MHS, he did not attend college right away but he went to work for a year. After the year of work Mayor Howard realized that he was ready to continue his education and attended community college and later Suffolk University. This opened my eyes to see that everything is possible if you really believe that you can do it. Even the Mayor accomplished what he wanted at his own pace. Mayor Howard has made endless changes to the city hoping that all students are given equal opportunities to accomplish their goals. Thank you Mayor Howard for making this a great city to live in for the past 16 years and good luck at your next job!
January 4, 2012
Conley Terminal - Massport
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Today we were fortunate enough to travel to the Conley Terminal and see what happens when goods are imported and exported by containers and cargo ships. Boston has one of the ports that are located in the North East. Our tour guides, Lynn and Meg told us that special escorts are needed in order for us to enter the port and those escorts have to be cleared by the federal government and by Massport. During our time there we got to speak to Kevin, who was one of the operators who reviews the transaction and tells the driver where he (or she) can drive their container to. There are cameras surrounding the waiting area for the trucks to be cleared to help the operators view the codes more efficiently. I have to say, I think those people are really dedicated because I would not be able to sit at a computer all day, looking at the back of containers and punching in numbers. Once we finished talking to the operators, we went for a drive in the port. There were cranes that were lifting containers to be loaded onto the trucks and this was a really amazing thing to watch. The precision that the crane drivers had were spectacular and this shows how much dedication they had. Lynn told us the crane drivers were men because this is a well paid occupation and the union is quite difficult to get in. The drivers work four hour shifts and there is no bathroom, that is probably why the drivers are men. Massport was smaller than I had expected because when I watched NCIS, a show about naval officers, the port that they went to was incredibly large. Massport was relatively small but it makes a large amount of money in order to maintain and continue business with others. This was an eye opening experience and where the port was located was absolutely beautiful even on a 25-degree, cold winter day.
Federal Reserve Bank of Boston
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Coming into the FRB we all had to go through a metal detector. I knew that the security in the FRB but I didn't know that even the employees had to go through the metal detectors every time they entered the building. The staff has to be cleared by the federal government and our tour guide was Mrs. Bloomsberg. She was a kind lady who talked a lot about entrepreneurship with us. She said that an entrepreneur takes his or her idea and puts it into action. We learned about lots of different entrepreneurs and how technology has changed ad improved since then. I think this portion of the tour was interesting but I wanted to know more about the currency at the world level. The tour was not what I had expected it but it was valuable information. I wanted to know who developed our paper money, when was the first dollar bill created, why is the money green, why does some countries use plastic to print money, how does the fluctuation of currency affect trade on a global level, and how would we deflate the value of money? These were some of the questions that I hoped would be answered but unfortunately they were not. I thought that the FRB was a beautiful place and I appreciated the bag of money that they gave us, too bad it was shredded to tiny pieces!

An insurable risk is a risk that insurance companies will cover, including an "act of God" and other less-random events.
Insurance is used to cover a few specific types of risk such as damage from fires, weather or storms, earthquakes, and natural catastrophes.
ThwoTwo major forms
An invoice is a written statement of what was sold, the term of the sale, and other details
December 14, 2011